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Cortland Associates Portfolio holdings
AUM
$692M
Turnover
14.93%
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
(-7.2%)
Cap. Flow
-$36.1M
Cap. Flow % of AUM
Cap. Flow %
-6.43%
Top 10 Holdings %
Top 10 Hldgs %
66.64%
Holding
59
New
2
Increased
7
Reduced
29
Closed
4
Avg Time Held
5.3
years
Top 10 Avg Time Held
2.4
years
Top 20 Avg Time Held
4.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$9.9M |
| 2 |
Home Depot
HD
|
+$215K |
| 3 |
Cummins
CMI
|
+$213K |
| 4 |
PepsiCo
PEP
|
+$13.4K |
| 5 |
Merck
MRK
|
+$9.02K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$24.4M |
| 2 |
Cigna
CI
|
+$14.4M |
| 3 |
Airbnb
ABNB
|
+$3.2M |
| 4 |
JD.com
JD
|
+$539K |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Visa
V
$756B
| $54.9M | 9.77% |
308,885
-2,266
| -0.7% | -$461K |
2013 Q2
37 quarters
|
|
|
2
Cigna
CI
$79.9B
| $52.8M | 9.4% |
190,348
-51,308
| -21% | -$14.4M |
2018 Q4
15 quarters
|
|
3
Willis Towers Watson
WTW
$29.3B
| $45.1M | 8.03% |
224,502
-1,475
| -0.7% | -$304K |
2020 Q2
9 quarters
|
|
4
First Citizens BancShares
FCNCA
$24B
| $44.6M | 7.94% |
55,929
-244
| -0.4% | -$191K |
2022 Q1
2 quarters
|
|
5
Danaher
DHR
$161B
| $42.4M | 7.55% |
185,152
-1,289
| -0.7% | -$316K |
2013 Q2
37 quarters
|
|
6
Fiserv Inc
FISV
$25.3B
| $37.7M | 6.71% |
402,984
-1,317
| -0.3% | -$134K |
2021 Q3
4 quarters
|
|
7
Texas Pacific Land
TPL
$24.2B
| $27.5M | 4.89% |
139,104
-738
| -0.5% | -$142K |
2020 Q3
8 quarters
|
|
|
8
Global Payments
GPN
$22.1B
| $27.2M | 4.85% |
252,183
-197,482
| -44% | -$24.4M |
2019 Q4
11 quarters
|
|
9
Alphabet (Google) Class C
GOOG
$4.12T
| $21.8M | 3.89% |
227,121
-2,079
| -0.9% | -$232K |
2013 Q2
37 quarters
|
|
10
Alphabet (Google) Class A
GOOGL
$4.17T
| $20.2M | 3.6% |
211,627
-213
| -0.1% | -$23.6K |
2015 Q3
28 quarters
|
|
11
Franco-Nevada
FNV
$47B
| $18.8M | 3.35% |
157,661
-818
| -0.5% | -$103K |
2020 Q3
8 quarters
|
|
|
12
Booking.com
BKNG
$123B
| $18.4M | 3.27% |
279,175
+132,100
| +90% | +$9.9M |
2022 Q2
1 quarter
|
|
13
PayPal
PYPL
$48.5B
| $17.8M | 3.17% |
207,120
-633
| -0.3% | -$56.1K |
2015 Q3
28 quarters
|
|
14
Centene
CNC
$34.2B
| $17.5M | 3.12% |
224,986
-1,696
| -0.7% | -$152K |
2015 Q4
27 quarters
|
|
15
Meta Platforms (Facebook)
META
$1.81T
| $16.5M | 2.94% |
121,714
-1,059
| -0.9% | -$172K |
2018 Q2
17 quarters
|
|
16
Amazon
AMZN
$2.7T
| $13M | 2.32% |
115,433
-611
| -0.5% | -$77.2K |
2018 Q1
18 quarters
|
|
17
Intercontinental Exchange
ICE
$90.7B
| $11.5M | 2.05% |
127,254
-1,344
| -1% | -$135K |
2013 Q2
37 quarters
|
|
18
SPDR Gold Trust
GLD
$141B
| $11.2M | 1.99% |
72,227
-198
| -0.3% | -$31.8K |
2022 Q2
1 quarter
|
|
|
19
JD.com
JD
$36.5B
| $9.9M | 1.77% |
197,646
-9,095
| -4% | -$539K |
2020 Q1
10 quarters
|
|
20
Salesforce
CRM
$198B
| $9.42M | 1.68% |
65,515
-624
| -0.9% | -$106K |
2020 Q2
9 quarters
|
|
21
Alibaba
BABA
$271B
| $5.55M | 0.99% |
69,362
-2,520
| -4% | -$240K |
2014 Q4
31 quarters
|
|
22
Apple
AAPL
$5.01T
| $4.39M | 0.78% |
31,778
-89
| -0.3% | -$14K |
2014 Q3
32 quarters
|
|
23
Idexx Laboratories
IDXX
$44.1B
| $2.11M | 0.38% |
6,486
-47
| -0.7% | -$17.3K |
2013 Q2
37 quarters
|
|
24
Berkshire Hathaway Class B
BRK.B
$1.14T
| $2.02M | 0.36% |
7,557
+2
| +0% | +$569 |
2013 Q2
37 quarters
|
|
25
Philip Morris
PM
$320B
| $1.55M | 0.28% |
18,695
| – | – |
2013 Q2
37 quarters
|
|
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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 $9.9M 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.