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Cercano Management LLC

CIK:0001936416
Investment Adviser
$11B AUM
154 holdings
Bellevue, WA, United States
Founded:2022
73 employees
Latest filing:Jun 30, 2025

Cercano Management LLC is an SEC-registered investment adviser headquartered in Bellevue, Washington. The firm is focused on providing investment management and advisory services to institutional investors, family offices, and high-net-worth individuals. Founded in 2022, Cercano has grown to employ approximately 73 staff members and manages billions in assets, with a specialization in sophisticated investment strategies across public and private markets.

Investment Strategy

Cercano Management LLC employs a multi-asset class and sector-diversified investment approach, leveraging fundamental, research-driven analysis for portfolio management. The firm focuses on long-term capital appreciation by investing in both public equity and private markets, emphasizing risk management, active portfolio selection, and adaptation to global market trends to serve institutional and sophisticated clients.

Top Buys
Q
QXOQXO INC
+$156.8M
L
LLYELI LILLY & CO
+$134.6M
A
AMZNAMAZON COM INC
+$48.1M
C
CEGCONSTELLATION ENERGY CORP
+$46.5M
M
MSFTMICROSOFT CORP
+$44.1M
Top Sells
X
XLVSELECT SECTOR SPDR TR
-$82.0M
C
COOPMR COOPER GROUP INC
-$48.6M
S
SPYSPDR S&P 500 ETF TR
-$42.2M
T
TDGTRANSDIGM GROUP INC
-$40.7M
V
VVISA INC
-$40.1M

Top Holdings

M
MSFTMICROSOFT CORP
+11.5%$402.3M
X
XPOXPO INC
+7.5%$264.6M
U
UNPUNION PAC CORP
+7.0%$246.1M
Q
QXOQXO INC
+7.0%$245.7M
R
RSPINVESCO EXCHANGE TRADED FD T
+4.1%$142.6M

Equity Positions (148)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
M
MSFT
MICROSOFT CORP11.48%$402.3M808,865$240.71$497.41+$44.1M
X
XPO
XPO INC7.55%$264.6M2,094,841$40.23$126.29+$32.2M
U
UNP
UNION PAC CORP7.02%$246.1M1,069,783$207.14$230.08-$6.6M
Q
QXO
QXO INC7.01%$245.7M11,405,248$18.22$21.54+$156.8M
R
RSP
INVESCO EXCHANGE TRADED FD T4.07%$142.6M784,408$176.50$181.74+$3.8M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+12.2%
TRANSPORTATION SERVICES
+7.6%
RAILROADS, LINE-HAUL OPERATING
+7.0%
WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS
+7.0%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+5.7%