Cortland Advisers’s KINDER MORGAN MANAGEMENT LLC KMR Stock Holding History

Cortland Advisers’s Portfolio KMR Stock Details KMR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-4,191,771	Closed	-$389M	–	26
2014 Q3	$389M	Hold	4,191,771	–	–	8.51%	1
2014 Q2	$320M	Buy	4,191,771 +2,880	+0.1%	+$205K	6.7%	5
2014 Q1	$286M	Buy	4,188,891 +169	+0%	+$11.7K	6.13%	5
2013 Q4	$296M	Buy	4,188,722 +2,511	+0.1%	+$175K	6.1%	4
2013 Q3	$288M	Hold	4,186,211	–	–	6.25%	2
2013 Q2	$317M	Buy	+4,186,211	New	+$320M	7.09%	1

Other funds holding KMR

IIC

Ironwood Investment Counsel Scottsdale, Arizona $762M AUM 23.02% 1-Year Est. Return

BFG

Beacon Financial Group Dallas, Texas $1.1B AUM 21.5% 1-Year Est. Return

HCMT

Highland Capital Management (Texas) Dallas, Texas $39M AUM

Cortland Advisers's KMR Position: Q4 2014 in Review

Cortland Advisers sold out of KINDER MORGAN MANAGEMENT LLC (KMR) in Q4 2014, closing a stake of 4,191,771 shares — an estimated $389M sold.

Cortland Advisers first reported a position in KMR in Q2 2013 and held it in 6 quarters. The position peaked at $389M in Q3 2014. 4 funds tracked by Wall St. Rank hold KMR as of Q4 2014.

Cortland Advisers reported no remaining KINDER MORGAN MANAGEMENT LLC position as of Q4 2014 after selling out during the quarter.
Cortland Advisers sold 4,191,771 KINDER MORGAN MANAGEMENT LLC shares in Q4 2014, an estimated $389M.
Cortland Advisers first reported a position in KINDER MORGAN MANAGEMENT LLC in Q2 2013 and held it in 6 quarters.
Cortland Advisers's KINDER MORGAN MANAGEMENT LLC position peaked at $389M in Q3 2014.
4 funds tracked by Wall St. Rank held KINDER MORGAN MANAGEMENT LLC as of Q4 2014.

Based on Cortland Advisers's 13F filing for Q4 2014, filed 13 Feb 2015.