Cercano Management LLC

Q4 2025 13F-HR Holdings

Location
Bellevue, WA
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
146
Total value ($000)
$2,642,571
Net value change ($000)
+32,651 (1.3%)
New positions
18
Sold out positions
21
Turnover %
11.5%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 11/7/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
LLY 39,110 34.3%
IAU 36,027 826.9%
SPEM 28,546 1889.2%
NVDA 21,048 22.0%
LIN 15,737 NEW
EWZ 15,598 NEW
PANW 15,585 79.7%
BSX 14,138 2623.0%
COST 14,121 2142.8%
XPO 12,921 5.1%
Top Reduces (Value $000, Stocks/ETFs)
COOP -60,145 -100.0%
MSFT -35,500 -10.8%
GLD -34,235 -100.0%
PDO -23,533 -100.0%
RSP -16,003 -13.5%
STX -15,071 -100.0%
UBER -13,128 -100.0%
MELI -11,896 -96.7%
SLV -11,476 -100.0%
ANET -11,273 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 586 (0.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type