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Cortland Associates Portfolio holdings

AUM $692M
1-Year Est. Return 5%
This Fund
S&P 500
This Quarter Est. Return
+0.15%
1 Year Est. Return
-5%
3 Year Est. Return
+57.07%
5 Year Est. Return
+61.48%
10 Year Est. Return
+413.35%
AUM
$562M
AUM Growth
-$43.3M
Cap. Flow
-$36.1M
Cap. Flow %
-6.43%
Top 10 Hldgs %
66.64%
Holding
59
New
2
Increased
7
Reduced
29
Closed
4

Top Buys

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$9.93M
2
HD icon
Home Depot
HD
+$215K
3
CMI icon
Cummins
CMI
+$213K
4
PEP icon
PepsiCo
PEP
+$13.4K
5
MRK icon
Merck
MRK
+$9.02K

Top Sells

Rank Stock Value
1
GPN icon
Global Payments
GPN
+$24.4M
2
CI icon
Cigna
CI
+$14.4M
3
ABNB icon
Airbnb
ABNB
+$3.2M
4
JD icon
JD.com
JD
+$539K
5
V icon
Visa
V
+$461K

Sector Composition

Rank Sector Weight
1 Financials 31.42%
2 Healthcare 20.67%
3 Communication Services 10.43%
4 Technology 9.51%
5 Consumer Discretionary 8.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABNB icon
51
Airbnb
ABNB
$107B
– –
-35,944
Closed -$3.2M
AMGN icon
52
Amgen
AMGN
$222B
– –
-830
Closed -$202K
EMR icon
53
Emerson Electric
EMR
$88.3B
– –
-2,592
Closed -$206K
IBM icon
54
IBM
IBM
$224B
– –
-1,558
Closed -$220K
1 2
3

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WC
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CGIC
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LCP
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SAM
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MCM
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PPI
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Cortland Associates's Q3 2022 Portfolio in Review

As of Q3 2022, Cortland Associates held 59 positions worth $562M, down 7.2% from $605M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Cortland Associates withdrew a net $36.1M in Q3 2022, closing 4 positions and reducing 29 holdings. Its most notable exit was Airbnb, an estimated $3.2M 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 Home Depot worth $201K.

  • Cortland Associates's largest Q3 2022 buy was Home Depot: 728 shares worth $201K.
  • Cortland Associates added most to Booking.com in Q3 2022, an estimated $9.93M increase.
  • Cortland Associates's biggest Q3 2022 reduction was Global Payments, cutting an estimated $24.4M.
  • Cortland Associates fully exited Airbnb in Q3 2022, selling an estimated $3.2M.
  • Cortland Associates's ten largest holdings make up 67% of its $562M portfolio in Q3 2022.
  • Cortland Associates opened 2 new positions and closed 4 in Q3 2022.
  • Cortland Associates's portfolio value fell 7.2% quarter-over-quarter to $562M.

Based on Cortland Associates's 13F filing for Q3 2022, filed 1 Nov 2022.