# EDGAR Filing Document

**Accession Number:** 0001936416
**File Stem:** 0001936416-25-000009
**Filing Date:** 2025-8
**Character Count:** 38842
**Document Hash:** dbf4b756195320c4b366a80ea68f2c98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001936416-25-000009.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001936416-25-000009

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**EFFECTIVENESS DATE**: 20250815

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cercano Management LLC
- **CENTRAL INDEX KEY:** 0001936416

**ORGANIZATION NAME:**
- **EIN:** 871884693
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23066
- **FILM NUMBER:** 251223736

**BUSINESS ADDRESS:**
- **STREET 1:** 1110 112TH AVENUE NE
- **STREET 2:** SUITE 202
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004
- **BUSINESS PHONE:** (425)371-7500

**MAIL ADDRESS:**
- **STREET 1:** 1110 112TH AVENUE NE
- **STREET 2:** SUITE 202
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001936416

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Cercano Management LLC

**Address:** 1110 112TH AVENUE NE, BELLEVUE, WA 98004

**Telephone number:** 425-371-7500

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-23066

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 254900HXSSMIRL9Z6X34

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 1

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                     | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                            | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   | SHARES VOTED FOR OR AGAINST MANAGEMENT   | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Advanced Drainage Systems, Inc.    | 00790R104 | 07/18/2024     | Approval, in a non-binding advisory vote, of the compensation for named executive officers.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 191180           |                0 | FOR         | 191180.000000                            | FOR                         |  |
| McKesson Corporation               | 58155Q103 | 07/31/2024     | Advisory vote on Executive Compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  72335           |                0 | FOR         | 72335.000000                             | FOR                         |  |
| e.l.f. Beauty, Inc.                | 26856L103 | 08/22/2024     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 172046           |                0 | FOR         | 172046.000000                            | FOR                         |  |
| Dynatrace, Inc.                    | 268150109 | 08/23/2024     | Non-binding advisory vote on the compensation of Dynatrace's named executive officers.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 359101           |                0 | FOR         | 359101.000000                            | FOR                         |  |
| Freshpet, Inc.                     | 358039105 | 10/01/2024     | Non-binding advisory vote to approve the compensation of the Company's named executive officers                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    878           |                0 | FOR         | 878.000000                               | FOR                         |  |
| The Procter  Gamble Company        | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay" vote)                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   4272           |                0 | FOR         | 4272.000000                              | FOR                         |  |
| Parker-Hannifin Corporation        | 701094104 | 10/23/2024     | Approval of, on a non-binding, advisory basis, the compensation of our Named Executive Officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |    149           |                0 | FOR         | 149.000000                               | FOR                         |  |
| Lam Research Corporation           | 512807306 | 11/05/2024     | Advisory vote to approve the compensation of the named executive officers of Lam Research, or "Say on Pay."                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    856           |                0 | FOR         | 856.000000                               | FOR                         |  |
| Automatic Data Processing, Inc.    | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    140           |                0 | FOR         | 140.000000                               | FOR                         |  |
| KLA Corporation                    | 482480100 | 11/06/2024     | To approve on a non-binding, advisory basis our named executive officer compensation.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  66059           |                0 | FOR         | 66059.000000                             | FOR                         |  |
| The Estee Lauder Companies Inc.    | 518439104 | 11/08/2024     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |    720           |                0 | AGAINST     | 720.000000                               | AGAINST                     |  |
| QXO, Inc.                          | 82846H405 | 12/09/2024     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| QXO, Inc.                          | 82846H405 | 12/09/2024     | Advisory vote on the frequency of future advisory votes to approve executive compensation.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Microsoft Corporation              | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 922487           |                0 | FOR         | 922487.000000                            | FOR                         |  |
| Microsoft Corporation              | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 210966           |                0 | FOR         | 210966.000000                            | FOR                         |  |
| Palo Alto Networks, Inc.           | 697435105 | 12/10/2024     | To approve, on an advisory basis, the frequency of holding future advisory votes on named executive officer compensation.                                                                                   | SECTION 14A SAY-ON-PAY VOTES |    351           |                0 | ONE YEAR    | 351.000000                               | FOR                         |  |
| Palo Alto Networks, Inc.           | 697435105 | 12/10/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |    351           |                0 | AGAINST     | 351.000000                               | AGAINST                     |  |
| Visa Inc.                          | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 258188           |                0 | FOR         | 258188.000000                            | FOR                         |  |
| Apple Inc.                         | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 173887           |                0 | FOR         | 173887.000000                            | FOR                         |  |
| TransDigm Group Incorporated       | 893641100 | 03/06/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  30789           |                0 | FOR         | 30789.000000                             | FOR                         |  |
| Starbucks Corporation              | 855244109 | 03/12/2025     | Approve, on an advisory, nonbinding basis, the compensation of our named executive officers                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 294228           |                0 | FOR         | 294228.000000                            | FOR                         |  |
| Lennar Corporation                 | 526057104 | 04/09/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 433549           |                0 | FOR         | 433549.000000                            | FOR                         |  |
| Moody's Corporation                | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 169499           |                0 | FOR         | 169499.000000                            | FOR                         |  |
| Interactive Brokers Group, Inc.    | 45841N107 | 04/17/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  87193           |                0 | FOR         | 87193.000000                             | FOR                         |  |
| First Citizens BancShares, Inc.    | 31946M103 | 04/29/2025     | Non-binding advisory resolution ("say-on-pay" resolution) to approve compensation paid or provided to BancShares' named executive officers as disclosed in the proxy statement for the Annual Meeting.      | SECTION 14A SAY-ON-PAY VOTES |  11926           |                0 | FOR         | 11926.000000                             | FOR                         |  |
| Starwood Property Trust, Inc.      | 85571B105 | 05/01/2025     | The approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  79029           |                0 | FOR         | 79029.000000                             | FOR                         |  |
| Uber Technologies, Inc.            | 90353T100 | 05/05/2025     | Advisory vote to approve 2024 named executive officer compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 857708           |                0 | FOR         | 857708.000000                            | FOR                         |  |
| S Global Inc.                      | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement;                                                          | SECTION 14A SAY-ON-PAY VOTES | 126414           |                0 | AGAINST     | 126414.000000                            | AGAINST                     |  |
| Union Pacific Corporation          | 907818108 | 05/08/2025     | Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.0673e+06  |                0 | FOR         | 1067304.000000                           | FOR                         |  |
| AbbVie Inc.                        | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  96583           |                0 | FOR         | 96583.000000                             | FOR                         |  |
| The Progressive Corporation        | 743315103 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program;                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 134393           |                0 | FOR         | 134393.000000                            | FOR                         |  |
| QXO, Inc.                          | 82846H405 | 05/12/2025     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      6.56455e+06 |                0 | AGAINST     | 6564550.000000                           | AGAINST                     |  |
| Vera Therapeutics, Inc.            | 92337R101 | 05/14/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Proxy Statement.                                                                          | SECTION 14A SAY-ON-PAY VOTES |    244           |                0 | FOR         | 244.000000                               | FOR                         |  |
| Vera Therapeutics, Inc.            | 92337R101 | 05/14/2025     | To indicate, on an advisory basis, the preferred frequency of stockholder advisory votes on the compensation of the Company's named executive officers.                                                     | SECTION 14A SAY-ON-PAY VOTES |    244           |                0 | ONE YEAR    | 244.000000                               | FOR                         |  |
| Martin Marietta Materials, Inc.    | 573284106 | 05/15/2025     | Approval, by a non-binding advisory vote, of the compensation of Martin Marietta Materials, Inc.'s named executive officers.                                                                                | SECTION 14A SAY-ON-PAY VOTES |  63669           |                0 | FOR         | 63669.000000                             | FOR                         |  |
| The Western Union Company          | 959802109 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 149869           |                0 | AGAINST     | 149869.000000                            | AGAINST                     |  |
| XPO, Inc.                          | 983793100 | 05/15/2025     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      2.17402e+06 |                0 | FOR         | 2174024.000000                           | FOR                         |  |
| JPMorgan Chase  Co.                | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 112393           |                0 | FOR         | 112393.000000                            | FOR                         |  |
| TPG RE Finance Trust, Inc.         | 87266M107 | 05/20/2025     | Advisory Vote on Executive Compensation: To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                                          | SECTION 14A SAY-ON-PAY VOTES | 401607           |                0 | FOR         | 401607.000000                            | FOR                         |  |
| Amazon.com, Inc.                   | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 461374           |                0 | AGAINST     | 461374.000000                            | AGAINST                     |  |
| Gulfport Energy Corporation        | 402635502 | 05/21/2025     | To approve, on an advisory, non-binding basis, the compensation paid to the Company's named executive officers as described in this proxy statement (the Say-On-Pay Proposal or Proposal 3).                | SECTION 14A SAY-ON-PAY VOTES |  17818           |                0 | FOR         | 17818.000000                             | FOR                         |  |
| Northrop Grumman Corporation       | 666807102 | 05/21/2025     | Proposal to approve, on an advisory basis, the compensation of the Company's Named Executive Officers.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  79754           |                0 | FOR         | 79754.000000                             | FOR                         |  |
| Phillips 66                        | 718546104 | 05/21/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Phillips 66                        | 718546104 | 05/21/2025     | Advisory Approval of Frequency of Future Advisory Approvals of Executive Compensation                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Phillips 66                        | 718546104 | 05/21/2025     | The Company's proposal to approve, on an advisory basis, the Company's named executive officer compensation.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  16290           |                0 | FOR         | 16290.000000                             | NONE                        |  |
| Phillips 66                        | 718546104 | 05/21/2025     | The Company's proposal to approve, on an advisory basis, the frequency of future shareholder advisory votes to approve executive compensation.                                                              | SECTION 14A SAY-ON-PAY VOTES |  16290           |                0 | ONE YEAR    | 16290.000000                             | NONE                        |  |
| Plains All American Pipeline, L.P. | 726503105 | 05/21/2025     | The approval, on a non-binding advisory basis, of our 2024 named executive officer compensation.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  85192           |                0 | FOR         | 85192.000000                             | FOR                         |  |
| Ross Stores, Inc.                  | 778296103 | 05/21/2025     | Advisory vote to approve the resolution on the compensation of the named executive officers.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 110593           |                0 | FOR         | 110593.000000                            | FOR                         |  |
| Mr. Cooper Group Inc.              | 62482R107 | 05/22/2025     | Advisory Vote on Executive Compensation (Say on Pay)                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 874333           |                0 | FOR         | 874333.000000                            | FOR                         |  |
| Mr. Cooper Group Inc.              | 62482R107 | 05/22/2025     | Advisory vote on the frequency of Say on Pay votes                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 874333           |                0 | ONE YEAR    | 874333.000000                            | FOR                         |  |
| Quanta Services, Inc.              | 74762E102 | 05/22/2025     | Approval, by non-binding advisory vote, of Quanta's executive compensation;                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 140112           |                0 | FOR         | 140112.000000                            | FOR                         |  |
| The Charles Schwab Corporation     | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      1.13476e+06 |                0 | FOR         | 1134760.000000                           | FOR                         |  |
| Meta Platforms, Inc.               | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES | 131069           |                0 | AGAINST     | 131069.000000                            | AGAINST                     |  |
| Meta Platforms, Inc.               | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES |  98344           |                0 | AGAINST     | 98344.000000                             | AGAINST                     |  |
| Meta Platforms, Inc.               | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES | 131069           |                0 | ONE YEAR    | 131069.000000                            | AGAINST                     |  |
| Meta Platforms, Inc.               | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |  98344           |                0 | ONE YEAR    | 98344.000000                             | AGAINST                     |  |
| Roblox Corporation                 | 771049103 | 05/29/2025     | Advisory Vote on the Compensation of our Named Executive Officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |   2998           |                0 | FOR         | 2998.000000                              | FOR                         |  |
| UnitedHealth Group Incorporated    | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 146833           |                0 | AGAINST     | 146833.000000                            | AGAINST                     |  |
| Datadog, Inc.                      | 23804L103 | 06/03/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 206134           |                0 | FOR         | 206134.000000                            | FOR                         |  |
| Denali Therapeutics Inc.           | 24823R105 | 06/03/2025     | Advisory vote on executive compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 625000           |                0 | FOR         | 625000.000000                            | FOR                         |  |
| Hillman Solutions Corp.            | 431636109 | 06/03/2025     | Approve, by non-binding vote, the compensation of our named executive officers;                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 197945           |                0 | FOR         | 197945.000000                            | FOR                         |  |
| Airbnb, Inc.                       | 009066101 | 06/04/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    921           |                0 | AGAINST     | 921.000000                               | AGAINST                     |  |
| FTI Consulting, Inc.               | 302941109 | 06/04/2025     | Advisory (non-binding) resolution to approve the compensation of the named executive officers for the year ended December 31, 2024 as described in the Proxy Statement.                                     | SECTION 14A SAY-ON-PAY VOTES |  61860           |                0 | FOR         | 61860.000000                             | FOR                         |  |
| Cloudflare, Inc.                   | 18915M107 | 06/05/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |    163           |                0 | FOR         | 163.000000                               | FOR                         |  |
| Netflix, Inc.                      | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |    299           |                0 | FOR         | 299.000000                               | FOR                         |  |
| Procore Technologies, Inc.         | 74275K108 | 06/05/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |    744           |                0 | FOR         | 744.000000                               | FOR                         |  |
| Salesforce, Inc.                   | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |    223           |                0 | FOR         | 223.000000                               | FOR                         |  |
| Blue Owl Capital Inc.              | 09581B103 | 06/09/2025     | Approval, by non-binding advisory basis, the compensation paid to our named executive officers for the 2024 fiscal year.                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 883285           |                0 | AGAINST     | 883285.000000                            | AGAINST                     |  |
| Blue Owl Capital Inc.              | 09581B103 | 06/09/2025     | To recommend, on a non-binding advisory basis, the frequency of future advisory votes to approve, on a non-binding advisory basis, the compensation paid to our named executive officers.                   | SECTION 14A SAY-ON-PAY VOTES | 883285           |                0 | ONE YEAR    | 883285.000000                            | AGAINST                     |  |
| International Seaways, Inc.        | Y41053102 | 06/10/2025     | Approval by an advisory vote of the compensation paid to the Named Executive Officers of the Company for 2024 as described in the Company's Proxy Statement.                                                | SECTION 14A SAY-ON-PAY VOTES |  96624           |                0 | FOR         | 96624.000000                             | FOR                         |  |
| Ironwood Pharmaceuticals, Inc.     | 46333X108 | 06/10/2025     | Approval, by non-binding advisory vote, of the compensation paid to the named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 101378           |                0 | FOR         | 101378.000000                            | FOR                         |  |
| Alector, Inc.                      | 014442107 | 06/11/2025     | Advisory vote on executive compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  93633           |                0 | FOR         | 93633.000000                             | FOR                         |  |
| Remitly Global, Inc.               | 75960P104 | 06/11/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 380087           |                0 | FOR         | 380087.000000                            | FOR                         |  |
| Western Alliance Bancorporation    | 957638109 | 06/11/2025     | To approve, on an advisory (non-binding) basis, the compensation of executives.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 295361           |                0 | FOR         | 295361.000000                            | FOR                         |  |
| Arcutis Biotherapeutics, Inc.      | 03969K108 | 06/12/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 426101           |                0 | AGAINST     | 426101.000000                            | AGAINST                     |  |
| Toast, Inc.                        | 888787108 | 06/13/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |   3997           |                0 | FOR         | 3997.000000                              | FOR                         |  |
| Cyclerion Therapeutics, Inc.       | 23255M204 | 06/16/2025     | To conduct a non-binding advisory vote to approve the compensation of the named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |    506           |                0 | FOR         | 506.000000                               | FOR                         |  |
| Cyclerion Therapeutics, Inc.       | 23255M204 | 06/16/2025     | To conduct an advisory (non-binding) vote on the frequency of the vote to approve the executive compensation of the named executive officers.                                                               | SECTION 14A SAY-ON-PAY VOTES |    506           |                0 | ONE YEAR    | 506.000000                               | FOR                         |  |
| Coinbase Global, Inc.              | 19260Q107 | 06/18/2025     | Approval, on a non-binding advisory basis, of the compensation of our named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    393           |                0 | AGAINST     | 393.000000                               | AGAINST                     |  |
| Delta Air Lines, Inc.              | 247361702 | 06/19/2025     | To approve, on an advisory basis, the compensation of Delta's named executive officers.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 471877           |                0 | FOR         | 471877.000000                            | FOR                         |  |
| DoorDash, Inc.                     | 25809K105 | 06/24/2025     | The approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    935           |                0 | FOR         | 935.000000                               | FOR                         |  |
| NVIDIA Corporation                 | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 811806           |                0 | FOR         | 811806.000000                            | FOR                         |  |
| The Kroger Co.                     | 501044101 | 06/26/2025     | Approval, on an advisory basis, of Kroger's executive compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 288975           |                0 | FOR         | 288975.000000                            | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Cercano Management LLC

**By (Signature):** Malinda Khauv

**By (Printed Signature):** Malinda Khauv

**By (Title):** Chief Compliance Officer

**Date:** 08/15/2025