Cercano Management LLC

CIK

1936416

Location

BELLEVUE, WA

Portfolio Value

Small $749,942,435

Diversification

Moderately concentrated

Reports for

J.P. Morgan Investment Management Inc.

Filing Date

Global Rank

#3,015 / 8,794 ▼ 1738 · as of Jun 2026

Top Industry

Railroads 46.2%

Period ended 3 months ago

Filed Aug 14, 2026 · 50d

15 quarters · since Dec 2022

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

125 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

37.3%

+26.1 pts

Top 5

56.9%

+17.6 pts

Top 10

67.3%

+10.2 pts

HHI

1,541

Moderately concentrated+1,093

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	44.4%	$333,044,489	19
Unclassified	19.2%	$144,214,934	12
Technology	8.9%	$66,684,769	18
Communication Services	7.8%	$58,798,649	5
Healthcare	6.5%	$48,590,230	20
Financial Services	4.0%	$30,329,560	16
Consumer Cyclical	3.0%	$22,657,489	10
Basic Materials	2.3%	$16,935,945	4
Energy	2.0%	$15,016,299	9
Consumer Defensive	0.8%	$5,787,555	5
Real Estate	0.7%	$5,459,332	4
Utilities	0.3%	$2,423,184	3

Last Quarter's Activity

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Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
JHX	James Hardie Industries plc	+147,907	338,568	$8,863,710
ISRG	Intuitive Surgical Inc	+1,249	1,870	$743,661
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
QXO	QXO, Inc.	−4,330,283	482,875	$8,344,080
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	−1,459,626	8,549	$1,352,879
XPO	XPO, Inc.	−727,455	29,081	$5,970,038
NFLX	Netflix Inc	−608,097	10,330	$737,562
MSFT	Microsoft Corp	−589,162	19,163	$7,148,182
NVDA	Nvidia Corp	−535,855	87,813	$17,570,503
ABI	VictoryShares Pioneer Asset-Based Income ETF	−520,370	221,055	$47,033,872
BKF	iShares MSCI BIC ETF	−488,462	185,676	$9,011,025
BKSY	BlackSky Technology Inc.	−310,994	932,982	$26,048,857
—		−249,543	174,939	$8,346,339
AMZN	Amazon Com Inc	−232,571	55,622	$13,256,946
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	−192,674	263,887	$28,945,729
AAXJ	iShares MSCI All Country Asia ex Japan ETF	−188,692	107,808	$16,466,695
APO	Apollo Global Management, Inc.	−145,340	2,259	$267,262
GOOGL	Alphabet Inc.	−144,504	32,153	$11,437,350
COF	Capital One Financial Corp	−142,219	31,409	$6,301,273
LLY	ELI LILLY & Co	−132,024	5,353	$6,420,549
BAC	Bank Of America Corp /De/	−102,390	47,170	$2,687,746
UNH	Unitedhealth Group Inc	−88,716	2,211	$918,957
CEG	Constellation Energy Corp	−86,383	6,702	$1,664,575
V	Visa Inc.	−75,651	1,787	$613,101
META	Meta Platforms, Inc.	−71,217	79,237	$44,633,409
MCO	Moodys Corp /De/	−56,698	670	$303,456
LRCX	Lam Research Corp	−56,421	15,110	$6,547,615
SPGI	S&P Global Inc.	−51,155	880	$358,388
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
PDO	PIMCO Dynamic Income Opportunities Fund	783,312	$10,355,384
MU	Micron Technology Inc	6,704	$7,738,359
VMC	Vulcan Materials CO	18,998	$5,604,599
DASH	DoorDash, Inc.	23,927	$4,415,249
JAZZ	Jazz Pharmaceuticals plc	17,331	$4,176,251
MDY	Spdr S&P Midcap 400 ETF Trust	3,636	$2,557,344
RDDT	Reddit, Inc.	10,270	$1,782,666
ASML	Asml Holding NV	710	$1,412,502
GLD	Spdr Gold Trust	3,341	$1,230,757
CG	Carlyle Group Inc.	27,589	$1,161,772
RGEN	Repligen Corp	7,856	$1,071,872
LITE	Lumentum Holdings Inc.	976	$837,466
AMD	Advanced Micro Devices Inc	948	$550,702
GNRC	Generac Holdings Inc.	942	$275,827
SMCI	Super Micro Computer, Inc.	7,960	$233,466
CVS	CVS HEALTH Corp	2,155	$222,934
A	Agilent Technologies, Inc.	1,666	$221,294
CSCO	Cisco Systems, Inc.	1,840	$216,126
HONA	Honeywell Aerospace Inc.	950	$210,026
MO	Altria Group, Inc.	2,886	$207,647
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
SCHW	Schwab Charles Corp	390,217	$36,672,593
BLDR	Builders FirstSource, Inc.	386,254	$31,800,291
GEV	GE Vernova Inc.	33,199	$28,979,407
QQQ	Invesco Qqq Trust, Series 1	48,739	$28,131,176
CWI	State Street SPDR MSCI ACWI ex-US ETF	548,897	$25,748,758
IAU	Ishares Gold Trust	254,300	$22,419,088
BA	Boeing Co	107,941	$21,483,497
TIC	TIC Solutions, Inc.	2,902,230	$19,096,673
BUYZ	Franklin Disruptive Commerce ETF	410,306	$15,817,901
SHW	Sherwin Williams Co	49,183	$15,765,609
VIG	Vanguard Dividend Appreciation ETF	106,191	$9,419,141
LPX	Louisiana-Pacific Corp	113,924	$8,287,971
AGNG	Global X Funds Global X Aging Population ETF	104,678	$7,992,165
WMS	Advanced Drainage Systems, Inc.	50,016	$6,858,694
MLM	Martin Marietta Materials Inc	8,407	$4,949,031
CGIC	Capital Group International Core Equity ETF	32,733	$1,083,789
CVX	Chevron Corp	1,518	$314,074
DIS	Walt Disney Co	3,050	$293,959
INTU	Intuit Inc.	619	$267,643
WLK	Westlake Corp	1,978	$231,069
CME	Cme Group Inc.	683	$201,724
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

125 tracked positions · $749,942,435 total · filing declares 155 positions · $749,935,595 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 125 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
UNP	Union Pacific Corp Industrials	Reduced	1,028,382	-22,441	$279,719,904	+9.7%	37.30%
ABI	VictoryShares Pioneer Asset-Based Income ETF	Reduced	221,055	-520,370	$47,033,872	−66.9%	6.27%
META	Meta Platforms, Inc. Communication Services	Reduced	79,237	-71,217	$44,633,409	−48.1%	5.95%
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	Reduced	263,887	-192,674	$28,945,729	−44.1%	3.86%
BKSY	BlackSky Technology Inc. Industrials	Reduced	932,982	-310,994	$26,048,857	−16.8%	3.47%
NVDA	Nvidia Corp Technology	Reduced	87,813	-535,855	$17,570,503	−83.8%	2.34%
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Reduced	107,808	-188,692	$16,466,695	—	2.20%
DNLI	Denali Therapeutics Inc. Healthcare	Held	625,000	0	$16,075,000	+34.0%	2.14%
VB	Vanguard Morningstar Small-Cap ETF	Reduced	69,120	-3,941	$15,063,321	−5.4%	2.01%
NAUT	Nautilus Biotechnology, Inc. Healthcare	Held	7,172,985	0	$13,413,481	−51.8%	1.79%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	55,622	-232,571	$13,256,946	−77.9%	1.77%
GOOGL	Alphabet Inc. Communication Services	Reduced	32,153	-144,504	$11,437,350	−77.5%	1.53%
PDO	PIMCO Dynamic Income Opportunities Fund Financial Services	NEW	783,312	NEW	$10,355,384	NEW	1.38%
BKF	iShares MSCI BIC ETF	Reduced	185,676	-488,462	$9,011,025	−74.0%	1.20%
AAPL	Apple Inc. Technology	Reduced	31,112	-32,773	$9,002,567	−44.5%	1.20%
JHX	James Hardie Industries plc Basic Materials	Added	338,568	+147,907	$8,863,710	+145.5%	1.18%
		Reduced	174,939	-249,543	$8,346,339	−57.8%	1.11%
QXO	QXO, Inc. Industrials	Reduced	482,875	-4,330,283	$8,344,080	−91.1%	1.11%
MU	Micron Technology Inc Technology	NEW	6,704	NEW	$7,738,359	NEW	1.03%
SPY	Spdr S&P 500 ETF Trust CALL + SHARES	Reduced	9,723	-46,065	$7,260,844	−80.0%	0.97%
MSFT	Microsoft Corp Technology	Reduced	19,163	-589,162	$7,148,182	−96.8%	0.95%
LRCX	Lam Research Corp Technology	Reduced	15,110	-56,421	$6,547,615	−57.2%	0.87%
LLY	ELI LILLY & Co Healthcare	Reduced	5,353	-132,024	$6,420,549	−94.9%	0.86%
COF	Capital One Financial Corp Financial Services	Reduced	31,409	-142,219	$6,301,273	−80.1%	0.84%
GRAB	Grab Holdings Ltd Technology	Held	1,600,000	0	$6,032,000	+3.0%	0.80%
XPO	XPO, Inc. Industrials	Reduced	29,081	-727,455	$5,970,038	−95.9%	0.80%
VMC	Vulcan Materials CO Basic Materials	NEW	18,998	NEW	$5,604,599	NEW	0.75%
INSW	International Seaways, Inc. Energy	Held	73,147	0	$5,602,328	+5.1%	0.75%
AVGO	Broadcom Inc. Technology	Held	12,325	0	$4,655,768	+22.0%	0.62%
DASH	DoorDash, Inc. Consumer Cyclical	NEW	23,927	NEW	$4,415,249	NEW	0.59%
EPD	Enterprise Products Partners L.P. Energy	Held	120,021	0	$4,411,971	−2.9%	0.59%
JAZZ	Jazz Pharmaceuticals plc Healthcare	NEW	17,331	NEW	$4,176,251	NEW	0.56%
IBIT	iShares Bitcoin Trust ETF	Held	117,140	0	$3,899,590	−13.4%	0.52%
TRTX	TPG RE Finance Trust, Inc. Real Estate	Held	401,607	0	$3,361,450	+7.2%	0.45%
BILZ	PIMCO Ultra Short Government Active ETF	Held	57,919	0	$3,046,539	+0.8%	0.41%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	47,170	-102,390	$2,687,746	−63.1%	0.36%
PWR	Quanta Services, Inc. Industrials	Reduced	3,690	-28,975	$2,656,947	−85.2%	0.35%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	8,022	-20,363	$2,625,840	−68.6%	0.35%
MDY	Spdr S&P Midcap 400 ETF Trust	NEW	3,636	NEW	$2,557,344	NEW	0.34%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	2,490	-8,138	$2,329,319	−78.0%	0.31%
CAT	Caterpillar Inc Industrials	Held	2,180	0	$2,321,482	+50.3%	0.31%
WMT	Walmart Inc. Consumer Defensive	Reduced	20,219	-39,006	$2,290,003	−68.9%	0.31%
AMAT	Applied Materials Inc /De Technology	Held	2,896	0	$2,093,808	+111.5%	0.28%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	5,826	-17,618	$2,054,713	−73.4%	0.27%
LIN	Linde PLC Basic Materials	Reduced	3,834	-32,589	$1,989,615	−89.0%	0.27%
MS	Morgan Stanley Financial Services	Reduced	9,147	-34,615	$1,912,088	−73.5%	0.25%
URI	United Rentals, Inc. Industrials	Reduced	1,659	-5,620	$1,879,463	−64.6%	0.25%
RDDT	Reddit, Inc. Communication Services	NEW	10,270	NEW	$1,782,666	NEW	0.24%
HAFN	Hafnia Ltd Industrials	Held	264,379	0	$1,755,476	−12.6%	0.23%
CEG	Constellation Energy Corp Utilities	Reduced	6,702	-86,383	$1,664,575	−93.6%	0.22%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.