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Cortland Associates Portfolio holdings

AUM $692M
1-Year Est. Return 5%
This Fund
S&P 500
This Quarter Est. Return
+10.8%
1 Year Est. Return
-5%
3 Year Est. Return
+57.07%
5 Year Est. Return
+61.48%
10 Year Est. Return
+413.35%
AUM
$536M
AUM Growth
+$14.7M
Cap. Flow
-$34.8M
Cap. Flow %
-6.49%
Top 10 Hldgs %
79.12%
Holding
51
New
4
Increased
–
Reduced
27
Closed
3

Top Buys

Rank Stock Value
1
TRU icon
TransUnion
TRU
+$14.9M
2
DSKE
Daseke, Inc. Common Stock
DSKE
+$431K
3
BN icon
Brookfield
BN
+$199K
4
SPWR
SunPower Corporation Common Stock
SPWR
+$138K

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$13.4M
2
V icon
Visa
V
+$10.4M
3
CTSH icon
Cognizant
CTSH
+$8.59M
4
BABA icon
Alibaba
BABA
+$2.4M
5
ESRX
Express Scripts Holding Company
ESRX
+$1.99M

Sector Composition

Rank Sector Weight
1 Healthcare 32.98%
2 Financials 28.18%
3 Communication Services 15.55%
4 Consumer Discretionary 10%
5 Technology 7.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
1
Alibaba
BABA
$309B
$53.2M 9.92%
307,903
-14,825
-5% -$2.4M
V icon
2
Visa
V
$683B
$52.3M 9.76%
497,142
-102,072
-17% -$10.4M
ESRX
3
DELISTED
Express Scripts Holding Company
ESRX
$51.4M 9.59%
812,243
-32,013
-4% -$1.99M
PYPL icon
4
PayPal
PYPL
$49.5B
$42.1M 7.85%
656,950
-30,454
-4% -$1.82M
CVS icon
5
CVS Health
CVS
$133B
$40.7M 7.6%
500,926
-21,096
-4% -$1.67M
CTSH icon
6
Cognizant
CTSH
$24.9B
$40.1M 7.48%
552,769
-122,372
-18% -$8.59M
ICE icon
7
Intercontinental Exchange
ICE
$85.2B
$39M 7.27%
567,097
-27,350
-5% -$1.8M
DHR icon
8
Danaher
DHR
$137B
$38.5M 7.19%
506,933
-15,724
-3% -$1.16M
BIDU icon
9
Baidu
BIDU
$38.2B
$36.3M 6.77%
146,606
-6,925
-5% -$1.51M
CNC icon
10
Centene
CNC
$31.7B
$30.6M 5.7%
632,166
-28,846
-4% -$1.24M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.62T
$30.2M 5.64%
620,960
-283,180
-31% -$13.4M
GOOG icon
12
Alphabet (Google) Class C
GOOG
$4.59T
$16.8M 3.14%
351,180
-20,460
-6% -$953K
TRU icon
13
TransUnion
TRU
$15.3B
$15.4M 2.87%
+325,067
New +$14.9M
MON
14
DELISTED
Monsanto Co
MON
$11.4M 2.12%
94,939
-5,146
-5% -$605K
PRGO icon
15
Perrigo
PRGO
$1.48B
$9.47M 1.77%
111,902
-6,341
-5% -$493K
IDXX icon
16
Idexx Laboratories
IDXX
$44.8B
$4.3M 0.8%
27,634
-1,186
-4% -$188K
PM icon
17
Philip Morris
PM
$292B
$3.15M 0.59%
28,411
-2,716
-9% -$316K
BRK.B icon
18
Berkshire Hathaway Class B
BRK.B
$1.11T
$2.18M 0.41%
11,905
-750
-6% -$133K
MO icon
19
Altria Group
MO
$114B
$2.06M 0.38%
32,415
-1,660
-5% -$111K
XOM icon
20
ExxonMobil
XOM
$643B
$1.34M 0.25%
16,335
-472
-3% -$37.5K
PG icon
21
Procter & Gamble
PG
$345B
$1.01M 0.19%
11,059
-1,021
-8% -$93K
MDLZ icon
22
Mondelez International
MDLZ
$78.8B
$793K 0.15%
19,505
-100
-0.5% -$4.25K
MRK icon
23
Merck
MRK
$316B
$586K 0.11%
9,598
-711
-7% -$43.1K
K
24
DELISTED
Kellanova
K
$557K 0.1%
9,519
– –
CSCO icon
25
Cisco
CSCO
$480B
$539K 0.1%
16,030
– –
1
2

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Cortland Associates's Q3 2017 Portfolio in Review

As of Q3 2017, Cortland Associates held 51 positions worth $536M, up 2.8% from $521M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Cortland Associates withdrew a net $34.8M in Q3 2017, closing 3 positions and reducing 27 holdings. Its most notable exit was IBM, an estimated $599K position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 33% of assets, down from 34% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Cortland Associates opened a new position in TransUnion worth $15.4M.

  • Cortland Associates's largest Q3 2017 buy was TransUnion: 325,067 shares worth $15.4M.
  • Cortland Associates's biggest Q3 2017 reduction was Alphabet (Google) Class A, cutting an estimated $13.4M.
  • Cortland Associates fully exited IBM in Q3 2017, selling an estimated $599K.
  • Cortland Associates's ten largest holdings make up 79% of its $536M portfolio in Q3 2017.
  • Cortland Associates opened 4 new positions and closed 3 in Q3 2017.
  • Cortland Associates's portfolio value rose 2.8% quarter-over-quarter to $536M.

Based on Cortland Associates's 13F filing for Q3 2017, filed 25 Oct 2017.