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CA
Cortland Advisers Portfolio holdings
AUM
$2.18B
1-Year Est. Return
8.82%
This Fund
S&P 500
This Quarter
Est. Return
+5.38%
1 Year Est. Return
+8.82%
3 Year Est. Return
+40.54%
5 Year Est. Return
+42.79%
10 Year Est. Return
–
AUM
$2.15B
AUM Growth
-$188M
(-8.1%)
Cap. Flow
-$290M
Cap. Flow
% of AUM
-13.52%
Top 10 Holdings %
Top 10 Hldgs %
54.35%
Holding
34
New
–
Increased
3
Reduced
30
Closed
1
Top Buys
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$66.3M |
| 2 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$10.5M |
| 3 |
NextEra Energy
NEE
|
+$106K |
Top Sells
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$41.1M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$25.3M |
| 3 |
Goldman Sachs
GS
|
+$24.9M |
| 4 |
PPL
PPL Corp
PPL
|
+$23.5M |
| 5 |
Walt Disney
DIS
|
+$20.6M |
Sector Composition
| 1 | Financials | 44.63% |
| 2 | Communication Services | 16.32% |
| 3 | Energy | 15.91% |
| 4 | Utilities | 11.15% |
| 5 | Real Estate | 6.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class A
GOOGL
$4.23T
| $162M | 7.54% |
2,989,880
-279,880
| -9% | -$16.2M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $157M | 7.3% |
734,449
-122,392
| -14% | -$25.3M |
|
3
Chevron
CVX
$373B
| $149M | 6.96% |
1,199,229
-57,306
| -5% | -$6.93M |
|
|
4
Walt Disney
DIS
$170B
| $130M | 6.05% |
929,511
-155,016
| -14% | -$20.6M |
|
5
JPMorgan Chase
JPM
$907B
| $119M | 5.54% |
1,062,507
-177,161
| -14% | -$19.5M |
|
6
Kinder Morgan
KMI
$71.9B
| $107M | 4.99% |
5,124,998
-856,074
| -14% | -$17.3M |
|
7
Wells Fargo
WFC
$265B
| $98.3M | 4.58% |
2,076,804
-346,557
| -14% | -$16.2M |
|
|
8
NextEra Energy
NEE
$185B
| $89.5M | 4.17% |
1,747,340
+2,164
| +0.1% | +$106K |
|
9
Bank of America
BAC
$430B
| $79.8M | 3.72% |
2,752,318
-459,195
| -14% | -$13.2M |
|
10
Royal Bank of Canada
RY
$299B
| $75.2M | 3.51% |
947,412
-157,945
| -14% | -$12.3M |
|
|
11
iShares Core S&P 500 ETF
IVV
$881B
| $74.4M | 3.47% |
252,572
+228,910
| +967% | +$66.3M |
|
12
Zions Bancorporation
ZION
$10.6B
| $73.7M | 3.44% |
1,602,993
-267,450
| -14% | -$12.4M |
|
13
Intercontinental Exchange
ICE
$79B
| $69.2M | 3.22% |
804,743
-134,193
| -14% | -$11M |
|
14
CME Group
CME
$88.5B
| $68.2M | 3.18% |
351,513
-3,771
| -1% | -$695K |
|
15
American Tower
AMT
$79.2B
| $67.3M | 3.13% |
328,982
-54,993
| -14% | -$11.1M |
|
16
Prologis
PLD
$140B
| $63.2M | 2.95% |
789,352
-131,755
| -14% | -$10M |
|
17
Meta Platforms (Facebook)
META
$1.64T
| $58.6M | 2.73% |
303,632
-83,442
| -22% | -$15.2M |
|
|
FRC
18
DELISTED
First Republic Bank
FRC
| $52.3M | 2.44% |
535,189
-89,370
| -14% | -$9M |
|
19
Southern Company
SO
$107B
| $50.9M | 2.37% |
920,579
-153,610
| -14% | -$8.22M |
|
20
Dominion Energy
D
$62.5B
| $47M | 2.19% |
607,838
-101,524
| -14% | -$7.74M |
|
21
Toronto Dominion Bank
TD
$204B
| $46.2M | 2.15% |
790,878
-131,848
| -14% | -$7.42M |
|
22
ExxonMobil
XOM
$611B
| $43.7M | 2.04% |
570,316
-95,128
| -14% | -$7.36M |
|
23
US Bancorp
USB
$98.4B
| $40.5M | 1.89% |
773,133
-128,873
| -14% | -$6.64M |
|
24
Citigroup
C
$217B
| $38.8M | 1.81% |
554,563
-92,342
| -14% | -$6.18M |
|
|
BNY
25
Bank of New York Mellon
BNY
$108B
| $35.7M | 1.66% |
808,956
-875,500
| -52% | -$41.1M |
|
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Cortland Advisers's Q2 2019 Portfolio in Review
As of Q2 2019, Cortland Advisers held 34 positions worth $2.15B, down 8.1% from $2.33B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Cortland Advisers withdrew a net $290M in Q2 2019, closing 1 position and reducing 30 holdings. Its most notable exit was Goldman Sachs, an estimated $24.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 45% of assets, down from 47% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Cortland Advisers added an estimated $66.3M to iShares Core S&P 500 ETF.
- Cortland Advisers added most to iShares Core S&P 500 ETF in Q2 2019, an estimated $66.3M increase.
- Cortland Advisers's biggest Q2 2019 reduction was Bank of New York Mellon, cutting an estimated $41.1M.
- Cortland Advisers fully exited Goldman Sachs in Q2 2019, selling an estimated $24.9M.
- Cortland Advisers's ten largest holdings make up 54% of its $2.15B portfolio in Q2 2019.
- Cortland Advisers opened 0 new positions and closed 1 in Q2 2019.
- Cortland Advisers's portfolio value fell 8.1% quarter-over-quarter to $2.15B.
Based on Cortland Advisers's 13F filing for Q2 2019, filed 12 Aug 2019.