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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
+1.61%
1 Year Est. Return
+8.82%
3 Year Est. Return
+40.54%
5 Year Est. Return
+42.79%
10 Year Est. Return
–
AUM
$3.82B
AUM Growth
-$194M
(-4.8%)
Cap. Flow
-$186M
Cap. Flow
% of AUM
-4.86%
Top 10 Holdings %
Top 10 Hldgs %
55.41%
Holding
33
New
–
Increased
1
Reduced
3
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dominion Energy
D
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CME Group
CME
|
+$75.3M |
| 2 |
Phillips 66
PSX
|
+$59.6M |
| 3 |
American International
AIG
|
+$36.6M |
| 4 |
AES
AES
|
+$34.3M |
| 5 |
Scotiabank
BNS
|
+$556K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 56.11% |
| 2 | Energy | 22.44% |
| 3 | Utilities | 10.25% |
| 4 | Real Estate | 7.34% |
| 5 | Communication Services | 3.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BNY
1
Bank of New York Mellon
BNY
$108B
| $309M | 8.09% |
7,500,000
| – | – |
|
2
Wells Fargo
WFC
$261B
| $299M | 7.82% |
5,500,000
| – | – |
|
3
Chevron
CVX
$388B
| $225M | 5.88% |
2,500,000
| – | – |
|
4
SLB Ltd
SLB
$77.8B
| $223M | 5.84% |
3,200,000
| – | – |
|
5
Berkshire Hathaway Class B
BRK.B
$1.07T
| $198M | 5.18% |
1,500,000
| – | – |
|
6
American Tower
AMT
$77.7B
| $194M | 5.07% |
2,000,000
| – | – |
|
7
State Street
STT
$50.9B
| $187M | 4.91% |
2,825,297
| – | – |
|
8
US Bancorp
USB
$99.6B
| $171M | 4.47% |
4,000,000
| – | – |
|
9
NextEra Energy
NEE
$187B
| $156M | 4.08% |
6,000,000
| – | – |
|
10
Kinder Morgan
KMI
$73.1B
| $155M | 4.07% |
10,416,474
| – | – |
|
11
Verizon
VZ
$194B
| $148M | 3.87% |
3,200,000
| – | – |
|
12
Suncor Energy
SU
$77.7B
| $142M | 3.71% |
5,500,000
| – | – |
|
13
Zions Bancorporation
ZION
$10.1B
| $137M | 3.57% |
5,000,000
| – | – |
|
|
14
CME Group
CME
$92.2B
| $136M | 3.56% |
1,500,000
-800,000
| -35% | -$75.3M |
|
15
Royal Bank of Canada
RY
$291B
| $134M | 3.51% |
2,500,000
| – | – |
|
|
16
American International
AIG
$41.9B
| $112M | 2.92% |
1,800,000
-600,000
| -25% | -$36.6M |
|
17
Intercontinental Exchange
ICE
$82.4B
| $103M | 2.68% |
2,000,000
| – | – |
|
18
Aon
AON
$77.3B
| $92.2M | 2.41% |
1,000,000
| – | – |
|
19
Crown Castle
CCI
$32.7B
| $86.5M | 2.26% |
1,000,000
| – | – |
|
20
Bank of Montreal
BMO
$125B
| $84.6M | 2.21% |
1,500,000
| – | – |
|
21
Toronto Dominion Bank
TD
$198B
| $78.3M | 2.05% |
2,000,000
| – | – |
|
22
Southern Company
SO
$110B
| $70.2M | 1.84% |
1,500,000
| – | – |
|
23
Affiliated Managers Group
AMG
$9.46B
| $63.9M | 1.67% |
400,000
| – | – |
|
|
PPL
24
PPL Corp
PPL
$27.3B
| $51.2M | 1.34% |
1,500,000
| – | – |
|
25
American Electric Power
AEP
$73.7B
| $46.6M | 1.22% |
800,000
| – | – |
|
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Cortland Advisers's Q4 2015 Portfolio in Review
As of Q4 2015, Cortland Advisers held 33 positions worth $3.82B, down 4.8% from $4.02B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Cortland Advisers withdrew a net $186M in Q4 2015, closing 2 positions and reducing 3 holdings. Its most notable exit was Phillips 66, an estimated $59.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 56% of assets, up from 55% a quarter earlier, followed by Energy and Utilities.
Against the trend, Cortland Advisers added an estimated $20.7M to Dominion Energy.
- Cortland Advisers added most to Dominion Energy in Q4 2015, an estimated $20.7M increase.
- Cortland Advisers's biggest Q4 2015 reduction was CME Group, cutting an estimated $75.3M.
- Cortland Advisers fully exited Phillips 66 in Q4 2015, selling an estimated $59.6M.
- Cortland Advisers's ten largest holdings make up 55% of its $3.82B portfolio in Q4 2015.
- Cortland Advisers opened 0 new positions and closed 2 in Q4 2015.
- Cortland Advisers's portfolio value fell 4.8% quarter-over-quarter to $3.82B.
Based on Cortland Advisers's 13F filing for Q4 2015, filed 10 Feb 2016.