Cortland Advisers’s Verizon VZ Stock Holding History

Cortland Advisers’s Portfolio VZ Stock Details VZ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-460,280	Closed	-$23.9M	–	31
2016 Q3	$23.9M	Sell	460,280 -590,084	-56%	-$31.7M	1.23%	26
2016 Q2	$58.7M	Sell	1,050,364 -1,323,854	-56%	-$68.7M	2.07%	18
2016 Q1	$128M	Sell	2,374,218 -825,782	-26%	-$41.3M	3.81%	12
2015 Q4	$148M	Hold	3,200,000	–	–	3.87%	11
2015 Q3	$139M	Sell	3,200,000 -800,000	-20%	-$36.9M	3.47%	13
2015 Q2	$186M	Hold	4,000,000	–	–	3.88%	11
2015 Q1	$195M	Hold	4,000,000	–	–	4.24%	11
2014 Q4	$187M	Hold	4,000,000	–	–	4.23%	11
2014 Q3	$200M	Hold	4,000,000	–	–	4.38%	11
2014 Q2	$196M	Buy	4,000,000 +1,000,000	+33%	+$48.4M	4.09%	12
2014 Q1	$143M	Hold	3,000,000	–	–	3.06%	17
2013 Q4	$147M	Hold	3,000,000	–	–	3.04%	18
2013 Q3	$140M	Buy	+3,000,000	New	+$146M	3.04%	18

Other funds holding VZ

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Cortland Advisers's VZ Position: Q4 2016 in Review

Cortland Advisers sold out of Verizon (VZ) in Q4 2016, closing a stake of 460,280 shares — an estimated $23.9M sold.

Cortland Advisers first reported a position in VZ in Q3 2013 and held it in 13 quarters. The position peaked at $200M in Q3 2014. 1,992 funds tracked by Wall St. Rank hold VZ as of Q4 2016.

Cortland Advisers reported no remaining Verizon position as of Q4 2016 after selling out during the quarter.
Cortland Advisers sold 460,280 Verizon shares in Q4 2016, an estimated $23.9M.
Cortland Advisers first reported a position in Verizon in Q3 2013 and held it in 13 quarters.
Cortland Advisers's Verizon position peaked at $200M in Q3 2014.
1,992 funds tracked by Wall St. Rank held Verizon as of Q4 2016.

Based on Cortland Advisers's 13F filing for Q4 2016, filed 14 Feb 2017.