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Cortland Associates Portfolio holdings
AUM
$692M
1-Year Est. Return
5%
This Fund
S&P 500
This Quarter
Est. Return
-11.9%
1 Year Est. Return
-5%
3 Year Est. Return
+57.07%
5 Year Est. Return
+61.48%
10 Year Est. Return
+413.35%
AUM
$533M
AUM Growth
-$174M
(-25%)
Cap. Flow
-$92.1M
Cap. Flow
% of AUM
-17.28%
Top 10 Holdings %
Top 10 Hldgs %
75.13%
Holding
61
New
2
Increased
6
Reduced
29
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$28.1M |
| 2 |
Becton Dickinson
BDX
|
+$27.1M |
| 3 |
JD.com
JD
|
+$18.1M |
| 4 |
Cigna
CI
|
+$1.58M |
| 5 |
Blue Bird Corp
BLBD
|
+$410K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$34.3M |
| 2 |
CVS Health
CVS
|
+$30.8M |
| 3 |
Visa
V
|
+$20.9M |
| 4 |
Cognizant
CTSH
|
+$18.5M |
| 5 |
Centene
CNC
|
+$18.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 32.86% |
| 2 | Financials | 22.45% |
| 3 | Communication Services | 21.03% |
| 4 | Consumer Discretionary | 9.18% |
| 5 | Industrials | 6.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
iShares Russell 2000 ETF
IWM
$83B
| – | – |
-1,379
| Closed | -$228K |
|
52
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
| – | – |
-602
| Closed | -$226K |
|
53
Marathon Petroleum
MPC
$83.7B
| – | – |
-3,426
| Closed | -$206K |
|
54
Union Pacific
UNP
$174B
| – | – |
-1,109
| Closed | -$200K |
|
55
Western Union
WU
$2.21B
| – | – |
-8,400
| Closed | -$225K |
|
|
HMNY
56
DELISTED
Helios and Matheson Analytics Inc.
HMNY
| – | – |
-50,000
| Closed | – |
|
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Cortland Associates's Q1 2020 Portfolio in Review
As of Q1 2020, Cortland Associates held 61 positions worth $533M, down 25% from $707M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Cortland Associates withdrew a net $92.1M in Q1 2020, closing 13 positions and reducing 29 holdings. Its most notable exit was Cognizant, an estimated $18.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 33% of assets, up from 31% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Cortland Associates opened a new position in Becton Dickinson worth $24.6M.
- Cortland Associates's largest Q1 2020 buy was Becton Dickinson: 109,936 shares worth $24.6M.
- Cortland Associates added most to Global Payments in Q1 2020, an estimated $28.1M increase.
- Cortland Associates's biggest Q1 2020 reduction was Intercontinental Exchange, cutting an estimated $34.3M.
- Cortland Associates fully exited Cognizant in Q1 2020, selling an estimated $18.5M.
- Cortland Associates's ten largest holdings make up 75% of its $533M portfolio in Q1 2020.
- Cortland Associates opened 2 new positions and closed 13 in Q1 2020.
- Cortland Associates's portfolio value fell 25% quarter-over-quarter to $533M.
Based on Cortland Associates's 13F filing for Q1 2020, filed 30 Apr 2020.