AI Portfolio Summary
In 2026 Q1, Cercano Management LLC maintained a portfolio of 158 distinct positions. The most significant new addition to the portfolio was VANGUARD INDEX FDS, which now represents 0.41% of the total fund value. They heavily accumulated shares in MICROSOFT CORP, increasing their position by 12.1%. The fund also reduced its exposure to XPO INC by 61.1%.
Total Positions
158
Quarter
2026 Q1
Top Holding
UNP (11.0%)
Top 10 Concentration
56.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 158
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
UNP
UNION PAC CORP
|
Industrials | 11.01% | 9.86% |
#1
2
Prev: #3
|
6.5 | -75,785 | -6.7% |
P
S
|
1,050,823 | $254,950,676 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 9.72% | 11.15% |
#2
1
Prev: #1
|
7.4 | 65,589 | 12.1% |
P
S
|
608,325 | $225,183,665 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
XPO
XPO INC
|
Industrials | 6.35% | 10.01% |
#3
1
Prev: #2
|
3.5 | -1,189,460 | -61.1% |
P
S
|
756,536 | $147,184,079 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
RSP
INVESCO EXCHANG...
|
Unknown | 6.14% | 3.87% |
#4
3
Prev: #7
|
5.5 | 206,947 | 38.7% |
P
S
|
741,425 | $142,294,286 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
LLY
ELI LILLY & CO
|
Healthcare | 5.46% | 5.79% |
#5
Prev: #5
|
3.2 | -5,077 | -3.6% |
P
S
|
137,377 | $126,355,243 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 4.70% | 4.42% |
#6
Prev: #6
|
2.4 | -2,490 | -0.4% |
P
S
|
623,668 | $108,767,700 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
QXO
QXO INC
|
Industrials | 4.04% | 7.90% |
#7
3
Prev: #4
|
1.6 | -6,002,674 | -55.5% |
P
S
|
4,813,158 | $93,471,528 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
META
META PLATFORMS ...
|
Communication Services | 3.72% | 3.77% |
#8
Prev: #8
|
2.0 | -553 | -0.4% |
P
S
|
150,454 | $86,079,247 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 2.59% | 2.20% |
#9
Prev: #9
|
3.0 | 36,654 | 14.6% |
P
S
|
288,193 | $60,021,956 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
NFLX
NETFLIX INC.
|
ETF | 2.57% | 0.04% |
#10
75
Prev: #85
|
4.0 | 608,097 | 5886.7% |
P
S
|
618,427 | $59,461,757 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SCHW
SCHWAB CHARLES ...
|
Financial Services | 1.58% | 1.48% |
#11
Prev: #11
|
1.6 | no change | no change |
P
S
|
390,217 | $36,672,594 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SPY
STATE STR SPDR ...
|
ETF | 1.57% | 1.44% |
#12
Prev: #12
|
1.6 | no change | no change |
P
S
|
55,788 | $36,281,168 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
HYMB
SPDR SERIES TRU...
|
ETF | 1.49% | 1.31% |
#13
2
Prev: #15
|
1.6 | no change | no change |
P
S
|
1,387,825 | $34,418,060 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
BLDR
BUILDERS FIRSTS...
|
Industrials | 1.37% | 0.20% |
#14
52
Prev: #66
|
3.5 | 335,126 | 655.5% |
P
S
|
386,254 | $31,800,292 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
COF
CAPITAL ONE FIN...
|
Financial Services | 1.37% | 0.87% |
#15
10
Prev: #25
|
3.5 | 79,058 | 83.6% |
P
S
|
173,628 | $31,674,956 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
BKSY
BLACKSKY TECHNO...
|
Industrials | 1.35% | 0.88% |
#16
8
Prev: #24
|
1.5 | no change | no change |
P
S
|
1,243,976 | $31,298,436 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GEV
GE VERNOVA INC
|
Industrials | 1.25% | 0.82% |
#17
9
Prev: #26
|
1.5 | no change | no change |
P
S
|
33,199 | $28,979,407 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
QQQ
INVESCO QQQ TR
|
ETF | 1.21% | 1.13% |
#18
Prev: #18
|
1.5 | no change | no change |
P
S
|
48,739 | $28,131,176 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
NAUT
NAUTILUS BIOTEC...
|
Healthcare | 1.20% | 0.53% |
#19
23
Prev: #42
|
1.5 | no change | no change |
P
S
|
7,172,985 | $27,831,182 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
CEG
CONSTELLATION E...
|
Utilities | 1.12% | 1.35% |
#20
7
Prev: #13
|
0.9 | -7,830 | -7.8% |
P
S
|
93,085 | $25,993,986 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SPEM
SPDR INDEX SHS ...
|
ETF | 1.11% | 1.14% |
#21
5
Prev: #16
|
0.9 | -93,203 | -14.5% |
P
S
|
548,897 | $25,748,758 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 1.10% | 1.06% |
#22
1
Prev: #21
|
0.9 | -933 | -1.0% |
P
S
|
88,904 | $25,565,234 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GOOG
ALPHABET INC
|
Communication Services | 1.09% | 0.75% |
#23
7
Prev: #30
|
2.9 | 25,015 | 39.9% |
P
S
|
87,753 | $25,172,826 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
MCO
MOODYS CORP
|
Financial Services | 1.08% | 1.11% |
#24
4
Prev: #20
|
1.4 | no change | no change |
P
S
|
57,368 | $25,026,790 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 1.06% | 1.14% |
#25
8
Prev: #17
|
1.4 | no change | no change |
P
S
|
90,927 | $24,603,937 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
V
VISA INC
|
Financial Services | 1.01% | 1.02% |
#26
3
Prev: #23
|
0.9 | 399 | 0.5% |
P
S
|
77,438 | $23,404,861 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
IAU
ISHARES GOLD TR
|
ETF | 0.97% | 1.53% |
#27
17
Prev: #10
|
0.4 | -243,222 | -48.9% |
P
S
|
254,300 | $22,419,088 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 0.96% | 1.03% |
#28
6
Prev: #22
|
1.4 | no change | no change |
P
S
|
52,035 | $22,132,567 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
XLK
SELECT SECTOR S...
|
Unknown | 0.93% | 0.54% |
#29
12
Prev: #41
|
3.4 | 63,607 | 64.6% |
P
S
|
162,055 | $21,537,110 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
BA
BOEING CO
|
Industrials | 0.93% | 0.75% |
#30
1
Prev: #29
|
2.4 | 16,939 | 18.6% |
P
S
|
107,941 | $21,483,497 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
XLV
SELECT SECTOR S...
|
Unknown | 0.89% | 0.30% |
#31
28
Prev: #59
|
3.4 | 89,357 | 173.4% |
P
S
|
140,876 | $20,653,830 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
TIC
TIC SOLUTIONS I...
|
Industrials | 0.82% | 1.11% |
#32
13
Prev: #19
|
1.3 | no change | no change |
P
S
|
2,902,230 | $19,096,673 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
LIN
LINDE PLC
|
Basic Materials | 0.78% | 0.60% |
#33
1
Prev: #34
|
0.8 | -485 | -1.3% |
P
S
|
36,423 | $18,057,066 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
EWW
ISHARES INC
|
ETF | 0.78% | 0.63% |
#34
2
Prev: #32
|
1.3 | no change | no change |
P
S
|
239,617 | $18,026,387 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
PWR
QUANTA SVCS INC
|
Industrials | 0.77% | 0.53% |
#35
8
Prev: #43
|
0.8 | -397 | -1.2% |
P
S
|
32,665 | $17,933,738 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
EWZ
ISHARES INC
|
ETF | 0.72% | 0.59% |
#36
1
Prev: #35
|
0.8 | -56,459 | -11.5% |
P
S
|
434,521 | $16,681,261 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
APO
APOLLO GLOBAL M...
|
Financial Services | 0.71% | 0.81% |
#37
10
Prev: #27
|
1.3 | no change | no change |
P
S
|
147,599 | $16,445,481 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
EWY
ISHARES INC
|
ETF | 0.71% | 0.49% |
#38
8
Prev: #46
|
1.3 | no change | no change |
P
S
|
132,765 | $16,331,423 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
AAPL
APPLE INC
|
Technology | 0.70% | 0.67% |
#39
8
Prev: #31
|
0.8 | -962 | -1.5% |
P
S
|
63,885 | $16,213,374 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SHW
SHERWIN WILLIAM...
|
Basic Materials | 0.68% | 0.81% |
#40
12
Prev: #28
|
0.3 | -16,609 | -25.2% |
P
S
|
49,183 | $15,765,611 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
LRCX
LAM RESEARCH CO...
|
Technology | 0.66% | 0.47% |
#41
7
Prev: #48
|
0.8 | -829 | -1.1% |
P
S
|
71,531 | $15,283,314 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
VTV
VANGUARD INDEX ...
|
ETF | 0.59% | 0.50% |
#42
3
Prev: #45
|
1.2 | no change | no change |
P
S
|
69,120 | $13,561,344 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
DNLI
DENALI THERAPEU...
|
Healthcare | 0.52% | 0.39% |
#43
9
Prev: #52
|
1.2 | no change | no change |
P
S
|
625,000 | $12,000,000 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
COST
COSTCO WHOLESAL...
|
Consumer Defensive | 0.46% | 0.56% |
#44
6
Prev: #38
|
0.2 | -6,511 | -38.0% |
P
S
|
10,628 | $10,590,058 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
FLKR
FRANKLIN TEMPLE...
|
ETF | 0.45% | 0.32% |
#45
11
Prev: #56
|
1.2 | no change | no change |
P
S
|
263,694 | $10,513,480 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SPYD
SPDR SERIES TRU...
|
ETF | 0.43% | 0.36% |
#46
7
Prev: #53
|
1.2 | no change | no change |
P
S
|
217,913 | $9,919,400 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SHM
SPDR SERIES TRU...
|
ETF | 0.43% | 0.57% |
#47
10
Prev: #37
|
0.2 | -107,633 | -34.3% |
P
S
|
206,569 | $9,880,195 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
AGG
ISHARES TR
|
ETF | 0.42% | 0.57% |
#48
12
Prev: #36
|
0.2 | -52,442 | -34.6% |
P
S
|
99,128 | $9,840,437 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
VNQ
VANGUARD INDEX ...
|
ETF | 0.41% | — |
#49
Prev: #—
|
3.7 | 106,191 | no change |
NEW
|
106,191 | $9,419,142 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
XLE
SELECT SECTOR S...
|
Unknown | 0.39% | 0.25% |
#50
13
Prev: #63
|
1.2 | no change | no change |
P
S
|
148,672 | $9,107,647 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 |
Showing 1-50 of 158 holdings