Cercano Management 13F annual report
Cercano Management is an investment fund managing more than $3.75 trillion ran by Malinda Khauv. There are currently 94 companies in Mrs. Khauv’s portfolio. The largest investments include Microsoft and XPO Inc, together worth $926 billion.
$3.75 trillion Assets Under Management (AUM)
As of 6th August 2024, Cercano Management’s top holding is 1,325,031 shares of Microsoft currently worth over $592 billion and making up 15.8% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Cercano Management owns more than approximately 0.1% of the company.
In addition, the fund holds 3,142,027 shares of XPO Inc worth $334 billion, whose value fell 3.1% in the past six months.
The third-largest holding is Union Pac Corp worth $241 billion and the next is Amazon.com worth $129 billion, with 665,357 shares owned.
Currently, Cercano Management's portfolio is worth at least $3.75 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cercano Management
The Cercano Management office and employees reside in Bellevue, Washington. According to the last 13-F report filed with the SEC, Malinda Khauv serves as the Chief Compliance Officer at Cercano Management.
Recent trades
In the most recent 13F filing, Cercano Management revealed that it had opened a new position in
Hilton Worldwide Inc and bought 174,953 shares worth $38.2 billion.
This means they effectively own approximately 0.1% of the company.
Hilton Worldwide Inc makes up
13.0%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in XPO Inc by buying
2,820 additional shares.
This makes their stake in XPO Inc total 3,142,027 shares worth $334 billion.
XPO Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Cercano Management is getting rid of from its portfolio.
Cercano Management closed its position in Willscot Mobil Mini Hldng Co on 13th August 2024.
It sold the previously owned 1,169,703 shares for $54.4 billion.
Malinda Khauv also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $592 billion and 1,325,031 shares.
One of the largest hedge funds
The two most similar investment funds to Cercano Management are Jericho Capital Asset Management L.P. and Marathon Asset Management Ltd. They manage $3.75 trillion and $3.75 trillion respectively.
Malinda Khauv investment strategy
Cercano Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 27.7% of
the total portfolio value.
The fund focuses on investments in the United States as
48.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
30% of the total holdings value.
On the other hand, small-cap stocks make up only 2.1% of the portfolio.
The average market cap of the portfolio companies is close to $162 billion.
The complete list of Cercano Management trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
3.35%
1,325,031
|
$592,222,606,000 | 15.80% |
| XPO Inc |
0.09%
3,142,027
|
$333,526,166,000 | 8.90% |
| Union Pac Corp |
1.86%
1,067,304
|
$241,488,203,000 | 6.44% |
| Amazon.com Inc. |
14.86%
665,357
|
$128,580,241,000 | 3.43% |
| NV5 Global Inc |
2.53%
1,271,194
|
$118,182,906,000 | 3.15% |
| Spdr S&p 500 Etf Tr |
762.63%
181,566
|
$99,111,352,000 | 2.64% |
| Alphabet Inc |
3.15%
652,739
|
$119,516,868,000 | 3.19% |
| Apple Inc |
84.58%
414,808
|
$87,366,861,000 | 2.33% |
| Schwab Charles Corp |
4.88%
1,134,760
|
$83,620,464,000 | 2.23% |
| NVIDIA Corp |
906.05%
668,900
|
$82,635,906,000 | 2.20% |
| Moodys Corp |
No change
196,076
|
$82,534,271,000 | 2.20% |
| Unitedhealth Group Inc |
13.61%
137,626
|
$70,087,417,000 | 1.87% |
| Visa Inc |
No change
258,188
|
$67,766,604,000 | 1.81% |
| Invesco Exchange Traded Fd T |
No change
390,945
|
$64,224,445,000 | 1.71% |
| Uber Technologies Inc |
No change
857,708
|
$62,338,217,000 | 1.66% |
| JFrog Ltd |
10.31%
1,603,749
|
$60,220,775,000 | 1.61% |
| S&P Global Inc |
No change
126,414
|
$56,380,644,000 | 1.50% |
| Danaher Corp. |
No change
219,699
|
$54,891,795,000 | 1.46% |
| Dbx Etf Tr |
No change
1,537,172
|
$54,508,119,000 | 1.45% |
| KLA Corp. |
65.92%
66,059
|
$54,466,306,000 | 1.45% |
| Willscot Mobil Mini Hldng Co |
Closed
1,169,703
|
$54,391,190,000 | |
| Western Alliance Bancorp |
26.87%
798,987
|
$50,192,363,000 | 1.34% |
| Cadence Design System Inc |
0.54%
146,636
|
$45,127,229,000 | 1.20% |
| Spdr S&p Midcap 400 Etf Tr |
691.98%
83,934
|
$44,954,429,000 | 1.20% |
| Regeneron Pharmaceuticals, Inc. |
8.06%
41,489
|
$43,606,184,000 | 1.16% |
| Mr. Cooper Group Inc |
5.91%
532,314
|
$43,239,866,000 | 1.15% |
| Mckesson Corporation |
27.29%
72,335
|
$42,246,533,000 | 1.13% |
| Lennar Corp. |
88.18%
266,345
|
$39,917,125,000 | 1.06% |
| e.l.f. Beauty Inc |
9.55%
187,346
|
$39,477,549,000 | 1.05% |
| Martin Marietta Matls Inc |
44.13%
72,202
|
$39,119,044,000 | 1.04% |
| Marvell Technology Inc |
0.54%
552,708
|
$38,634,289,000 | 1.03% |
| Hilton Worldwide Holdings Inc |
Opened
174,953
|
$38,174,745,000 | 1.02% |
| Select Sector Spdr Tr |
Opened
163,086
|
$36,894,946,000 | 0.98% |
| Advanced Drain Sys Inc Del |
93.32%
228,680
|
$36,677,985,000 | 0.98% |
| West Pharmaceutical Svsc Inc |
Closed
92,398
|
$36,562,813,000 | |
| Vertex Pharmaceuticals, Inc. |
0.60%
70,959
|
$33,259,902,000 | 0.89% |
| American Intl Group Inc |
0.60%
411,122
|
$30,521,697,000 | 0.81% |
| Arch Cap Group Ltd |
2.91%
298,380
|
$30,103,558,000 | 0.80% |
| Pimco Etf Tr |
49.69%
576,296
|
$30,001,970,000 | 0.80% |
| Interactive Brokers Group In |
0.61%
219,925
|
$26,962,805,000 | 0.72% |
| Meta Platforms Inc |
Closed
55,201
|
$26,804,502,000 | |
| Monolithic Pwr Sys Inc |
Opened
31,379
|
$25,783,497,000 | 0.69% |
| Dexcom Inc |
4.05%
227,250
|
$25,765,605,000 | 0.69% |
| Ssga Active Etf Tr |
14.68%
558,699
|
$23,353,618,000 | 0.62% |
| Progyny Inc |
0.56%
791,375
|
$22,641,239,000 | 0.60% |
| East West Bancorp, Inc. |
45.89%
294,814
|
$21,589,229,000 | 0.58% |
| Vaxcyte, Inc. |
0.54%
273,608
|
$20,660,140,000 | 0.55% |
| Grab Holdings Limited |
No change
5,286,833
|
$18,768,257,000 | 0.50% |
| Veeva Sys Inc |
5.40%
99,167
|
$18,148,553,000 | 0.48% |
| Workday Inc |
25.79%
80,996
|
$18,107,466,000 | 0.48% |
| Sherwin-Williams Co. |
42.05%
56,570
|
$16,882,185,000 | 0.45% |
| Nautilus Biotechnology Inc |
No change
7,172,985
|
$16,784,785,000 | 0.45% |
| Atlanta Braves Holdings Inc |
No change
395,678
|
$15,605,540,000 | 0.42% |
| Mastercard Incorporated |
No change
35,163
|
$15,512,509,000 | 0.41% |
| Palo Alto Networks Inc |
Closed
54,546
|
$15,498,155,000 | |
| Builders Firstsource Inc |
Opened
106,921
|
$14,798,936,000 | 0.39% |
| Denali Therapeutics Inc |
No change
625,000
|
$14,512,500,000 | 0.39% |
| Lamb Weston Holdings Inc |
Closed
135,054
|
$14,387,303,000 | |
| Hillman Solutions Corp |
0.63%
1,620,893
|
$14,344,903,000 | 0.38% |
| Datadog Inc |
774.33%
109,789
|
$14,238,535,000 | 0.38% |
| Canadian Pacific Kansas City |
31.39%
161,892
|
$12,745,757,000 | 0.34% |
| Welltower Inc. |
No change
115,822
|
$12,074,444,000 | 0.32% |
| Ishares Tr |
25.44%
127,255
|
$12,263,711,000 | 0.33% |
| Oaktree Specialty Lending Co |
36.96%
603,189
|
$11,345,985,000 | 0.30% |
| Vanguard World Fd |
Closed
45,394
|
$11,082,945,000 | |
| Triumph Financial Inc |
Opened
134,176
|
$10,968,888,000 | 0.29% |
| Lowes Cos Inc |
1.81%
49,186
|
$10,843,546,000 | 0.29% |
| Blacksky Technology Inc |
No change
9,951,809
|
$10,648,436,000 | 0.28% |
| Spdr Gold Tr |
Closed
50,460
|
$10,380,631,000 | |
| Alexandria Real Estate Eq In |
Closed
77,157
|
$9,946,309,000 | |
| Prologis Inc |
Closed
75,438
|
$9,823,536,000 | |
| Remitly Global Inc |
No change
760,175
|
$9,213,321,000 | 0.25% |
| Invitation Homes Inc |
No change
256,214
|
$9,195,520,000 | 0.25% |
| Laureate Education Inc |
Closed
606,068
|
$8,830,411,000 | |
| Lionsgate Studios Corp |
Opened
983,767
|
$7,929,162,000 | 0.21% |
| OneMain Holdings Inc |
18.72%
158,187
|
$7,670,488,000 | 0.20% |
| Energy Transfer L P |
No change
438,495
|
$7,112,389,000 | 0.19% |
| International Seaways Inc |
91.25%
119,085
|
$7,041,496,000 | 0.19% |
| Samsara Inc. |
Opened
206,885
|
$6,972,025,000 | 0.19% |
| Dynatrace Inc |
76.61%
144,783
|
$6,477,591,000 | 0.17% |
| P10 Inc |
Closed
742,412
|
$6,251,109,000 | |
| Vanguard Index Fds |
No change
10,935
|
$5,488,424,000 | 0.15% |
| Blue Owl Capital Corporation |
0.32%
352,975
|
$5,421,696,000 | 0.14% |
| Spdr Ser Tr |
No change
310,000
|
$10,278,900,000 | 0.27% |
| Recursion Pharmaceuticals In |
No change
685,018
|
$5,137,635,000 | 0.14% |
| Ishares Inc |
No change
138,000
|
$5,112,900,000 | 0.14% |
| Payoneer Global Inc |
No change
800,000
|
$4,432,000,000 | 0.12% |
| Kinross Gold Corp. |
No change
529,101
|
$4,402,120,000 | 0.12% |
| Perficient Inc. |
Closed
75,426
|
$4,245,730,000 | |
| Spdr Ser Tr |
Opened
90,000
|
$4,175,100,000 | 0.11% |
| Eaton Corp Plc |
No change
12,446
|
$3,902,443,000 | 0.10% |
| AT&T Inc. |
No change
203,430
|
$3,887,547,000 | 0.10% |
| Transdigm Group Incorporated |
Opened
3,035
|
$3,877,546,000 | 0.10% |
| Wheaton Precious Metals Corp |
No change
69,124
|
$3,623,480,000 | 0.10% |
| Pimco Dynamic Income Oprnts |
Opened
262,566
|
$3,489,502,000 | 0.09% |
| Enterprise Prods Partners L |
No change
120,021
|
$3,478,209,000 | 0.09% |
| Tpg Re Fin Tr Inc |
Opened
401,607
|
$3,469,884,000 | 0.09% |
| Altria Group Inc. |
No change
76,086
|
$3,465,717,000 | 0.09% |
| Energy Fuels Inc |
No change
445,104
|
$2,697,330,000 | 0.07% |
| Atlassian Corporation |
No change
13,239
|
$2,341,714,000 | 0.06% |
| Outfront Media Inc |
Opened
134,499
|
$1,923,336,000 | 0.05% |
| Western Un Co |
Opened
149,869
|
$1,831,399,000 | 0.05% |
| BlackRock TCP Capital Corp |
583.12%
148,400
|
$1,602,720,000 | 0.04% |
| Glacier Bancorp, Inc. |
Closed
37,424
|
$1,507,439,000 | |
| Starwood Ppty Tr Inc |
589.67%
79,029
|
$1,496,809,000 | 0.04% |
| Chevron Corp. |
Closed
4,407
|
$695,160,000 | |
| British Amern Tob Plc |
Closed
7,400
|
$225,700,000 | |
| Vodafone Group plc |
Closed
11,000
|
$97,900,000 | |
| Unity Biotechnology Inc |
No change
41,238
|
$55,671,000 | 0.00% |
| Banzai International Inc |
No change
105,412
|
$17,920,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 110 holdings | |||
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