Cercano Management LLC
•CIK: 1936416•Filing: Q4 2025
**Cercano Management LLC** is a multi-strategy hedge fund managing $2.6B across a diverse portfolio of 146 positions. The fund exhibits significant concentration in technology and industrials, highlighted by top holdings including MSFT at $294.6M and XPO at $264.5M. Notable allocations also include UNP ($260.6M) and LLY ($153.1M), suggesting a focus on resilient, large-cap industrial and healthcare names. This positioning reflects a tactical, conviction-driven approach to market leadership.
Total AUM
$2.6B
+ $586.2K in options
QoQ Performance
+1.5%
Positions
131
+ 1 option
Top 10 Concentration
60.5%
Latest Filing
Q4 2025
Top Holdings Allocation
MSFT
XPO
UNP
QXO
LLY
MSFT11.1%
XPO10.0%
UNP9.9%
QXO7.9%
LLY5.8%
NVDA4.4%
RSP3.9%
META3.8%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other47.9%
Technology22.5%
Industrial10.7%
Healthcare7.5%
Financial4.9%
Consumer3.4%
ETF1.5%
Materials1.4%
🚪 Exited Positionssold since Q3 2025
+19 more exited positions
Changes from Q3 2025
NEW19 new positions
↑22 increased
↓14 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023