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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
+2.44%
1 Year Est. Return
+8.82%
3 Year Est. Return
+40.54%
5 Year Est. Return
+42.79%
10 Year Est. Return
–
AUM
$2.05B
AUM Growth
-$133M
(-6.1%)
Cap. Flow
-$176M
Cap. Flow
% of AUM
-8.61%
Top 10 Holdings %
Top 10 Hldgs %
58.58%
Holding
32
New
1
Increased
2
Reduced
28
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$20.5M |
| 2 |
Dominion Energy
D
|
+$13.6M |
| 3 |
PPL
PPL Corp
PPL
|
+$8.64M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zions Bancorporation
ZION
|
+$40.6M |
| 2 |
Citigroup
C
|
+$30.4M |
| 3 |
BNY
Bank of New York Mellon
BNY
|
+$16.9M |
| 4 |
Chevron
CVX
|
+$10.9M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$10.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 59.11% |
| 2 | Energy | 20.83% |
| 3 | Utilities | 11.56% |
| 4 | Real Estate | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Chevron
CVX
$388B
| $158M | 7.7% |
1,248,272
-88,025
| -7% | -$10.9M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.07T
| $147M | 7.17% |
787,208
-55,591
| -7% | -$10.8M |
|
3
JPMorgan Chase
JPM
$939B
| $139M | 6.8% |
1,337,064
-94,186
| -7% | -$10.3M |
|
4
Kinder Morgan
KMI
$73.1B
| $135M | 6.61% |
7,665,084
-540,529
| -7% | -$8.84M |
|
5
Wells Fargo
WFC
$261B
| $123M | 5.99% |
2,214,998
-156,158
| -7% | -$8.37M |
|
|
6
Zions Bancorporation
ZION
$10.1B
| $116M | 5.68% |
2,208,099
-735,708
| -25% | -$40.6M |
|
|
BNY
7
Bank of New York Mellon
BNY
$108B
| $108M | 5.24% |
1,993,714
-305,491
| -13% | -$16.9M |
|
8
Bank of America
BAC
$435B
| $106M | 5.19% |
3,771,340
-265,783
| -7% | -$7.93M |
|
9
Royal Bank of Canada
RY
$291B
| $89.8M | 4.38% |
1,192,506
-84,046
| -7% | -$6.43M |
|
10
NextEra Energy
NEE
$187B
| $78.6M | 3.83% |
1,882,544
-132,600
| -7% | -$5.35M |
|
11
Intercontinental Exchange
ICE
$82.4B
| $74.5M | 3.63% |
1,012,881
-71,424
| -7% | -$5.2M |
|
12
Prologis
PLD
$138B
| $65.3M | 3.18% |
993,584
-70,091
| -7% | -$4.51M |
|
13
American Tower
AMT
$77.7B
| $59.7M | 2.91% |
414,115
-29,177
| -7% | -$4.05M |
|
14
CME Group
CME
$92.2B
| $57.9M | 2.82% |
352,991
-24,897
| -7% | -$4.07M |
|
15
Toronto Dominion Bank
TD
$198B
| $57.6M | 2.81% |
995,711
-70,188
| -7% | -$4.02M |
|
16
SLB Ltd
SLB
$77.8B
| $55M | 2.68% |
820,254
-57,948
| -7% | -$3.98M |
|
17
Southern Company
SO
$110B
| $53.7M | 2.62% |
1,158,933
-81,781
| -7% | -$3.66M |
|
|
FRC
18
DELISTED
First Republic Bank
FRC
| $49.3M | 2.4% |
509,134
-35,831
| -7% | -$3.46M |
|
19
US Bancorp
USB
$99.6B
| $48.7M | 2.37% |
972,947
-68,580
| -7% | -$3.48M |
|
20
Suncor Energy
SU
$77.7B
| $46.9M | 2.29% |
1,152,987
-81,311
| -7% | -$3.17M |
|
|
21
Citigroup
C
$222B
| $46.7M | 2.28% |
698,264
-441,260
| -39% | -$30.4M |
|
22
Northern Trust
NTRS
$22.2B
| $41.9M | 2.04% |
407,411
-28,711
| -7% | -$3.04M |
|
|
23
Dominion Energy
D
$62.5B
| $38.7M | 1.89% |
567,769
+209,240
| +58% | +$13.6M |
|
24
Goldman Sachs
GS
$313B
| $30.8M | 1.5% |
139,752
-9,848
| -7% | -$2.35M |
|
|
PPL
25
PPL Corp
PPL
$27.3B
| $30.1M | 1.47% |
1,055,052
+312,199
| +42% | +$8.64M |
|
Similar funds
CC
STMM
BA
GVI
RCM
GMI
AWM
TAM
Cortland Advisers's Q2 2018 Portfolio in Review
As of Q2 2018, Cortland Advisers held 32 positions worth $2.05B, down 6.1% from $2.18B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Cortland Advisers withdrew a net $176M in Q2 2018, closing 1 position and reducing 28 holdings. Its most notable exit was Affiliated Managers Group, an estimated $8.47M position sold in full.
By sector, the portfolio is most concentrated in Financials at 59% of assets, down from 64% a quarter earlier, followed by Energy and Utilities.
Against the trend, Cortland Advisers opened a new position in Magellan Midstream Partners, L.P. worth $21.1M.
- Cortland Advisers's largest Q2 2018 buy was Magellan Midstream Partners, L.P.: 305,363 shares worth $21.1M.
- Cortland Advisers added most to Dominion Energy in Q2 2018, an estimated $13.6M increase.
- Cortland Advisers's biggest Q2 2018 reduction was Zions Bancorporation, cutting an estimated $40.6M.
- Cortland Advisers fully exited Affiliated Managers Group in Q2 2018, selling an estimated $8.47M.
- Cortland Advisers's ten largest holdings make up 59% of its $2.05B portfolio in Q2 2018.
- Cortland Advisers opened 1 new position and closed 1 in Q2 2018.
- Cortland Advisers's portfolio value fell 6.1% quarter-over-quarter to $2.05B.
Based on Cortland Advisers's 13F filing for Q2 2018, filed 13 Aug 2018.