Cercano Management LLC is an SEC-registered investment adviser based in Bellevue, WA that reports managing 6 hedge funds on Form ADV. It reports $7.3 billion in regulatory assets under management. Its private funds, of all types, hold $6.8 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +9.6% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +32.3% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $7.3 billionForm ADV Item 5.F
- Gross assets of private funds
- $6.8 billionAll private fund types, Form ADV
- Hedge funds managed
- 629 private funds in total
- Employees
- 62Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 315897
- Latest Form ADV
- 09/08/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +9.6% | +14.8% |
| Q1 2026 | +0.0% | -4.6% |
| Q4 2025 | +3.6% | +2.4% |
| Q3 2025 | +4.3% | +7.8% |
| Q2 2025 | +12.8% | +10.4% |
| Q1 2025 | -3.6% | -4.5% |
| Q4 2024 | -0.2% | +2.1% |
| Q3 2024 | +2.9% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Union Pac Corp Com$279.7 million
- Invesco S&P 500 Equal Weight E$47.0 million
- Meta Platforms, Inc.$44.6 million
- Blacksky Technology Inc CL A N$26.0 million
- Nvidia Corp$17.6 million
- Select Sector SPDR TR$16.6 million
- Denali Therapeutics Inc$16.1 million
- Vanguard Value ETF$15.1 million
- Nautilus Biotechnology Inc$13.4 million
- Amazon Com Inc Com$13.3 million
As of 2026-06-30, from 13F filing by Cercano Management LLC.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures