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Cortland Advisers Portfolio holdings

AUM $2.18B
1-Year Est. Return 8.82%
This Fund
S&P 500
This Quarter Est. Return
+5.19%
1 Year Est. Return
+8.82%
3 Year Est. Return
+40.54%
5 Year Est. Return
+42.79%
10 Year Est. Return
–
AUM
$1.95B
AUM Growth
-$888M
Cap. Flow
-$991M
Cap. Flow %
-50.86%
Top 10 Hldgs %
59.77%
Holding
33
New
2
Increased
–
Reduced
29
Closed
2

Top Buys

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$35.9M
2
NTRS icon
Northern Trust
NTRS
+$7.18M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$83.7M
2
SLB icon
SLB Ltd
SLB
+$71.8M
3
BNY
Bank of New York Mellon
BNY
+$69.8M
4
USB icon
US Bancorp
USB
+$62.7M
5
AMT icon
American Tower
AMT
+$60.3M

Sector Composition

Rank Sector Weight
1 Financials 56.96%
2 Energy 25.15%
3 Utilities 10.69%
4 Real Estate 5.98%
5 Communication Services 1.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VZ icon
26
Verizon
VZ
$198B
$23.9M 1.23%
460,280
-590,084
-56% -$31.7M
D icon
27
Dominion Energy
D
$61.8B
$21M 1.08%
282,790
-127,046
-31% -$9.68M
XOM icon
28
ExxonMobil
XOM
$642B
$20.6M 1.06%
235,750
-282,432
-55% -$25.1M
AEP icon
29
American Electric Power
AEP
$72.7B
$16.9M 0.87%
263,820
-197,833
-43% -$13.3M
NWE icon
30
NorthWestern Energy
NWE
$4.44B
$14.9M 0.77%
259,175
-116,507
-31% -$6.95M
NTRS icon
31
Northern Trust
NTRS
$22.4B
$7.19M 0.37%
+105,700
New +$7.18M
AMG icon
32
Affiliated Managers Group
AMG
$9.61B
– –
-207,273
Closed -$29.2M
COP icon
33
ConocoPhillips
COP
$141B
– –
-466,365
Closed -$20.3M
1
2

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STMM
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BA
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GVI
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RCM
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GMI
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AWM
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TAM
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Cortland Advisers's Q3 2016 Portfolio in Review

As of Q3 2016, Cortland Advisers held 33 positions worth $1.95B, down 31% from $2.84B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Cortland Advisers withdrew a net $991M in Q3 2016, closing 2 positions and reducing 29 holdings. Its most notable exit was Affiliated Managers Group, an estimated $29.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 57% of assets, up from 55% a quarter earlier, followed by Energy and Utilities.

Against the trend, Cortland Advisers opened a new position in JPMorgan Chase worth $36.6M.

  • Cortland Advisers's largest Q3 2016 buy was JPMorgan Chase: 550,000 shares worth $36.6M.
  • Cortland Advisers's biggest Q3 2016 reduction was Wells Fargo, cutting an estimated $83.7M.
  • Cortland Advisers fully exited Affiliated Managers Group in Q3 2016, selling an estimated $29.2M.
  • Cortland Advisers's ten largest holdings make up 60% of its $1.95B portfolio in Q3 2016.
  • Cortland Advisers opened 2 new positions and closed 2 in Q3 2016.
  • Cortland Advisers's portfolio value fell 31% quarter-over-quarter to $1.95B.

Based on Cortland Advisers's 13F filing for Q3 2016, filed 10 Nov 2016.