Filed: 11/7/2025ACC: 0001062993-25-016553
📋 What this filing means
CERCANO MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 151 equity positions with a total reported market value of $2.61B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
151
Positions
$2.61B
Total AUM (reported)
39.49M
Total Shares
Allocation by class
COM$1.67B64.0%
COM NEW$218.54M8.4%
S&P500 EQL WGT$118.39M4.5%
CL A$106.10M4.1%
TR UNIT$34.77M1.3%
NUVEEN ICE HIGH$34.60M1.3%
GOLD SHS$34.23M1.3%
Portfolio Concentration
Top 3$842.21M32.3%
4–10$742.38M28.4%
11–25$443.16M17.0%
Rest$582.17M22.3%
Top 3 weight
32.3%
Top 10 weight
60.7%
Voting Authority Distribution
Total shares with voting rights: 39.49M
Sole
Full voting authority
39.49M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole61
Shared0
Other90
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings151
Rows:
MICROSOFT CORP
OTRShares637.40K
TypeSH
Market value$330.14M
12.65%
Sole
637.40K
Shared
0.00
None
0.00
UNION PAC CORP
OTRShares1.10M
TypeSH
Market value$260.51M
9.98%
Sole
1.10M
Shared
0.00
None
0.00
XPO INC
SOLEShares1.95M
TypeSH
Market value$251.56M
9.64%
Sole
1.95M
Shared
0.00
None
0.00
QXO INC
SOLEShares10.59M
TypeSH
Market value$201.76M
7.73%
Sole
10.59M
Shared
0.00
None
0.00
INVESCO EXCHANGE TRADED FD T
SOLEShares624.08K
TypeSH
Market value$118.39M
4.54%
Sole
624.08K
Shared
0.00
None
0.00
ELI LILLY & CO
OTRShares149.39K
TypeSH
Market value$113.98M
4.37%
Sole
149.39K
Shared
0.00
None
0.00
META PLATFORMS INC
OTRShares132.29K
TypeSH
Market value$97.15M
3.72%
Sole
132.29K
Shared
0.00
None
0.00
NVIDIA CORPORATION
OTRShares513.08K
TypeSH
Market value$95.73M
3.67%
Sole
513.08K
Shared
0.00
None
0.00
MR COOPER GROUP INC
SOLEShares285.33K
TypeSH
Market value$60.14M
2.30%
Sole
285.33K
Shared
0.00
None
0.00
AMAZON COM INC
OTRShares251.54K
TypeSH
Market value$55.23M
2.12%
Sole
251.54K
Shared
0.00
None
0.00
ACUREN CORP
SOLEShares2.90M
TypeSH
Market value$38.63M
1.48%
Sole
2.90M
Shared
0.00
None
0.00
SCHWAB CHARLES CORP
OTRShares390.22K
TypeSH
Market value$37.25M
1.43%
Sole
390.22K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares52.19K
TypeSH
Market value$34.77M
1.33%
Sole
52.19K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares1.39M
TypeSH
Market value$34.60M
1.33%
Sole
1.39M
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares96.31K
TypeSH
Market value$34.23M
1.31%
Sole
96.31K
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares56.95K
TypeSH
Market value$34.19M
1.31%
Sole
56.95K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares100.92K
TypeSH
Market value$33.21M
1.27%
Sole
100.92K
Shared
0.00
None
0.00
MOODYS CORP
OTRShares57.37K
TypeSH
Market value$27.33M
1.05%
Sole
57.37K
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
OTRShares76.61K
TypeSH
Market value$26.46M
1.01%
Sole
76.61K
Shared
0.00
None
0.00
VISA INC
OTRShares77.04K
TypeSH
Market value$26.30M
1.01%
Sole
77.04K
Shared
0.00
None
0.00
S&P GLOBAL INC
OTRShares52.03K
TypeSH
Market value$25.33M
0.97%
Sole
52.03K
Shared
0.00
None
0.00
BLACKSKY TECHNOLOGY INC
SOLEShares1.24M
TypeSH
Market value$25.07M
0.96%
Sole
1.24M
Shared
0.00
None
0.00
PIMCO DYNAMIC INCOME OPRNTS
SOLEShares1.67M
TypeSH
Market value$23.53M
0.90%
Sole
1.67M
Shared
0.00
None
0.00
ALPHABET INC
OTRShares88.54K
TypeSH
Market value$21.52M
0.82%
Sole
88.54K
Shared
0.00
None
0.00
APPLE INC
OTRShares81.44K
TypeSH
Market value$20.74M
0.79%
Sole
81.44K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSOFT CORPOTR | COM | 637.40K | SH | $330.14M 12.65% | 637.40K | 0.00 | 0.00 |
UNION PAC CORPOTR | COM | 1.10M | SH | $260.51M 9.98% | 1.10M | 0.00 | 0.00 |
XPO INCSOLE | COM | 1.95M | SH | $251.56M 9.64% | 1.95M | 0.00 | 0.00 |
QXO INCSOLE | COM NEW | 10.59M | SH | $201.76M 7.73% | 10.59M | 0.00 | 0.00 |
INVESCO EXCHANGE TRADED FD TSOLE | S&P500 EQL WGT | 624.08K | SH | $118.39M 4.54% | 624.08K | 0.00 | 0.00 |
ELI LILLY & COOTR | COM | 149.39K | SH | $113.98M 4.37% | 149.39K | 0.00 | 0.00 |
META PLATFORMS INCOTR | CL A | 132.29K | SH | $97.15M 3.72% | 132.29K | 0.00 | 0.00 |
NVIDIA CORPORATIONOTR | COM | 513.08K | SH | $95.73M 3.67% | 513.08K | 0.00 | 0.00 |
MR COOPER GROUP INCSOLE | COM | 285.33K | SH | $60.14M 2.30% | 285.33K | 0.00 | 0.00 |
AMAZON COM INCOTR | COM | 251.54K | SH | $55.23M 2.12% | 251.54K | 0.00 | 0.00 |
ACUREN CORPSOLE | COM | 2.90M | SH | $38.63M 1.48% | 2.90M | 0.00 | 0.00 |
SCHWAB CHARLES CORPOTR | COM | 390.22K | SH | $37.25M 1.43% | 390.22K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 52.19K | SH | $34.77M 1.33% | 52.19K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | NUVEEN ICE HIGH | 1.39M | SH | $34.60M 1.33% | 1.39M | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 96.31K | SH | $34.23M 1.31% | 96.31K | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 56.95K | SH | $34.19M 1.31% | 56.95K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 100.92K | SH | $33.21M 1.27% | 100.92K | 0.00 | 0.00 |
MOODYS CORPOTR | COM | 57.37K | SH | $27.33M 1.05% | 57.37K | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCOTR | COM | 76.61K | SH | $26.46M 1.01% | 76.61K | 0.00 | 0.00 |
VISA INCOTR | COM CL A | 77.04K | SH | $26.30M 1.01% | 77.04K | 0.00 | 0.00 |
S&P GLOBAL INCOTR | COM | 52.03K | SH | $25.33M 0.97% | 52.03K | 0.00 | 0.00 |
BLACKSKY TECHNOLOGY INCSOLE | CL A NEW | 1.24M | SH | $25.07M 0.96% | 1.24M | 0.00 | 0.00 |
PIMCO DYNAMIC INCOME OPRNTSSOLE | COM BEN SHS | 1.67M | SH | $23.53M 0.90% | 1.67M | 0.00 | 0.00 |
ALPHABET INCOTR | CAP STK CL A | 88.54K | SH | $21.52M 0.82% | 88.54K | 0.00 | 0.00 |
APPLE INCOTR | COM | 81.44K | SH | $20.74M 0.79% | 81.44K | 0.00 | 0.00 |
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