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Cortland Associates Portfolio holdings
AUM
$692M
1-Year Est. Return
5%
This Fund
S&P 500
This Quarter
Est. Return
+13.66%
1 Year Est. Return
-5%
3 Year Est. Return
+57.07%
5 Year Est. Return
+61.48%
10 Year Est. Return
+413.35%
AUM
$492M
AUM Growth
+$25.7M
(+5.5%)
Cap. Flow
-$32.9M
Cap. Flow
% of AUM
-6.68%
Top 10 Holdings %
Top 10 Hldgs %
78.26%
Holding
43
New
1
Increased
2
Reduced
22
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESRX
Express Scripts Holding Company
ESRX
|
+$3.9M |
| 2 |
ECYT
Endocyte, Inc. Common Stock
ECYT
|
+$232K |
| 3 |
HK
Halcon Resources Corporation
HK
|
+$113K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$21.3M |
| 2 |
Cognizant
CTSH
|
+$2.13M |
| 3 |
Visa
V
|
+$1.84M |
| 4 |
PX
Praxair Inc
PX
|
+$1.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$1.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 35.45% |
| 2 | Financials | 22.36% |
| 3 | Technology | 13.88% |
| 4 | Materials | 9.2% |
| 5 | Communication Services | 7.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ESRX
1
DELISTED
Express Scripts Holding Company
ESRX
| $99.7M | 20.25% |
1,418,978
+59,700
| +4% | +$3.9M |
|
|
2
Cognizant
CTSH
$25.3B
| $52.3M | 10.63% |
1,036,096
-46,730
| -4% | -$2.13M |
|
|
3
Visa
V
$690B
| $51.3M | 10.42% |
921,316
-36,400
| -4% | -$1.84M |
|
|
4
Danaher
DHR
$137B
| $35.6M | 7.24% |
686,603
-433,630
| -39% | -$21.3M |
|
5
Intercontinental Exchange
ICE
$83.8B
| $26.9M | 5.47% |
598,810
-25,755
| -4% | -$1.06M |
|
|
PX
6
DELISTED
Praxair Inc
PX
| $26.4M | 5.37% |
203,404
-9,652
| -5% | -$1.2M |
|
7
eBay
EBAY
$48.7B
| $24.8M | 5.04% |
1,074,601
-50,005
| -4% | -$1.11M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.59T
| $23.6M | 4.8% |
846,802
-47,337
| -5% | -$1.2M |
|
9
Capital One
COF
$136B
| $23.2M | 4.7% |
302,233
-13,054
| -4% | -$930K |
|
10
Idexx Laboratories
IDXX
$46.4B
| $21.3M | 4.33% |
400,252
-17,516
| -4% | -$922K |
|
11
Fastenal
FAST
$57B
| $20.3M | 4.13% |
1,709,552
-69,272
| -4% | -$832K |
|
|
MON
12
DELISTED
Monsanto Co
MON
| $18.6M | 3.78% |
159,540
-7,106
| -4% | -$776K |
|
13
CVS Health
CVS
$133B
| $17.1M | 3.48% |
239,126
-10,266
| -4% | -$660K |
|
14
Qualcomm
QCOM
$171B
| $15.2M | 3.1% |
205,218
-9,944
| -5% | -$701K |
|
15
Baidu
BIDU
$38.2B
| $11.5M | 2.34% |
64,741
-3,099
| -5% | -$501K |
|
16
Aon
AON
$75.7B
| $7.58M | 1.54% |
90,411
-3,574
| -4% | -$283K |
|
17
C.H. Robinson
CHRW
$18.1B
| $7.35M | 1.49% |
126,023
-4,888
| -4% | -$287K |
|
|
SNTS
18
DELISTED
SANTARUS INC
SNTS
| $837K | 0.17% |
26,200
| – | – |
|
19
IBM
IBM
$222B
| $778K | 0.16% |
4,337
| – | – |
|
20
US Bancorp
USB
$100B
| $718K | 0.15% |
17,769
| – | – |
|
21
Philip Morris
PM
$291B
| $596K | 0.12% |
6,845
-3,065
| -31% | -$268K |
|
22
Johnson & Johnson
JNJ
$614B
| $470K | 0.1% |
5,133
-126
| -2% | -$11.6K |
|
23
Pembina Pipeline
PBA
$28.1B
| $421K | 0.09% |
11,939
| – | – |
|
24
Berkshire Hathaway Class B
BRK.B
$1.12T
| $360K | 0.07% |
3,035
| – | – |
|
25
iShares Russell 1000 ETF
IWB
$49.9B
| $338K | 0.07% |
3,275
| – | – |
|
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Cortland Associates's Q4 2013 Portfolio in Review
As of Q4 2013, Cortland Associates held 43 positions worth $492M, up 5.5% from $466M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Cortland Associates withdrew a net $32.9M in Q4 2013, closing 5 positions and reducing 22 holdings. Its most notable exit was Microsoft, an estimated $220K position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 35% of assets, down from 37% a quarter earlier, followed by Financials and Technology.
Against the trend, Cortland Associates opened a new position in Endocyte, Inc. Common Stock worth $224K.
- Cortland Associates's largest Q4 2013 buy was Endocyte, Inc. Common Stock: 21,000 shares worth $224K.
- Cortland Associates added most to Express Scripts Holding Company in Q4 2013, an estimated $3.9M increase.
- Cortland Associates's biggest Q4 2013 reduction was Danaher, cutting an estimated $21.3M.
- Cortland Associates fully exited Microsoft in Q4 2013, selling an estimated $220K.
- Cortland Associates's ten largest holdings make up 78% of its $492M portfolio in Q4 2013.
- Cortland Associates opened 1 new position and closed 5 in Q4 2013.
- Cortland Associates's portfolio value rose 5.5% quarter-over-quarter to $492M.
Based on Cortland Associates's 13F filing for Q4 2013, filed 7 Feb 2014.