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Cortland Associates Portfolio holdings
AUM
$692M
1-Year Est. Return
5%
This Fund
S&P 500
This Quarter
Est. Return
-5.52%
1 Year Est. Return
-5%
3 Year Est. Return
+57.07%
5 Year Est. Return
+61.48%
10 Year Est. Return
+413.35%
AUM
$785M
AUM Growth
-$177M
(-18%)
Cap. Flow
-$104M
Cap. Flow
% of AUM
-13.29%
Top 10 Holdings %
Top 10 Hldgs %
68.62%
Holding
64
New
2
Increased
4
Reduced
31
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Citizens BancShares
FCNCA
|
+$49.8M |
| 2 |
Global Payments
GPN
|
+$13.5M |
| 3 |
PayPal
PYPL
|
+$10.9M |
| 4 |
Franco-Nevada
FNV
|
+$7.96M |
| 5 |
GOEV
Canoo Inc. Class A Common Stock
GOEV
|
+$330K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CIT
CIT Group Inc.
CIT
|
+$55.7M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$35.4M |
| 3 |
Centene
CNC
|
+$20.5M |
| 4 |
Meta Platforms (Facebook)
META
|
+$13.7M |
| 5 |
Workday
WDAY
|
+$12.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.53% |
| 2 | Healthcare | 18.77% |
| 3 | Communication Services | 14.92% |
| 4 | Technology | 9.07% |
| 5 | Industrials | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Fidelity National Information Services
FIS
$22.1B
| $206K | 0.03% |
2,049
| – | – |
|
52
Cummins
CMI
$88.7B
| $205K | 0.03% |
1,000
| – | – |
|
53
Aon
AON
$76B
| – | – |
-4,037
| Closed | -$1.21M |
|
54
Cintas
CTAS
$81.3B
| – | – |
-2,000
| Closed | -$222K |
|
55
Intuitive Surgical
ISRG
$134B
| – | – |
-1,500
| Closed | -$539K |
|
56
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| – | – |
-4,477
| Closed | -$221K |
|
|
57
Workday
WDAY
$44.4B
| – | – |
-46,560
| Closed | -$12.7M |
|
|
COHR
58
DELISTED
Coherent Inc
COHR
| – | – |
-1,000
| Closed | -$267K |
|
|
CIT
59
DELISTED
CIT Group Inc.
CIT
| – | – |
-1,085,631
| Closed | -$55.7M |
|
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Cortland Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Cortland Associates held 64 positions worth $785M, down 18% from $962M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Cortland Associates withdrew a net $104M in Q1 2022, closing 7 positions and reducing 31 holdings. Its most notable exit was CIT Group Inc., an estimated $55.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 28% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Cortland Associates opened a new position in First Citizens BancShares worth $42.6M.
- Cortland Associates's largest Q1 2022 buy was First Citizens BancShares: 63,932 shares worth $42.6M.
- Cortland Associates added most to Global Payments in Q1 2022, an estimated $13.5M increase.
- Cortland Associates's biggest Q1 2022 reduction was Alphabet (Google) Class A, cutting an estimated $35.4M.
- Cortland Associates fully exited CIT Group Inc. in Q1 2022, selling an estimated $55.7M.
- Cortland Associates's ten largest holdings make up 69% of its $785M portfolio in Q1 2022.
- Cortland Associates opened 2 new positions and closed 7 in Q1 2022.
- Cortland Associates's portfolio value fell 18% quarter-over-quarter to $785M.
Based on Cortland Associates's 13F filing for Q1 2022, filed 3 May 2022.