Cortland Associates Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Cortland Associates Inc. reported 52 stock positions worth $772.9 million. Its top holding was Fiserv (FISV) at 9.5% of the portfolio, followed by Cigna (CI, 8.4%) and Visa Class A (V, 7.5%). Compared with Q4 2023, it opened 1 new position, sold out of 2, added to 13 and reduced 31. The biggest buy was a new position in Kyndryl (KD) and the biggest sale an exit from SPDR Gold Shares (GLD).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001014315
- Portfolio Value
- $772.9M (Q1 2024)
- SEC Filing
- 0001140361-24-021005 ↗ filed Apr 22, 2024
Holdings Value
Holdings 52 stocks · $772.9M
| FISV Fiserv Inc. | 9.53% | 461,100 | $73.7M | Reduce -1.7% |
| CI The Cigna Group | 8.40% | 178,708 | $64.9M | Reduce -1.1% |
| V Visa Inc. Class A | 7.48% | 207,030 | $57.8M | Reduce -1.5% |
| BKNG Booking Holdings Inc. | 7.18% | 15,289 | $55.5M | Reduce -1.5% |
| WTW Willis Towers Watson PLC | 7.09% | 199,179 | $54.8M | Reduce -2.0% |
| FCNCA First Citizens Bcshs Class A | 6.04% | 28,529 | $46.6M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 5.75% | 294,319 | $44.4M | Reduce -7.0% |
| AMZN Amazon.com Inc. | 5.63% | 241,333 | $43.5M | Reduce -1.4% |
| DHR Danaher Corp. | 4.86% | 150,323 | $37.5M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 3.95% | 200,328 | $30.5M | Reduce -3.7% |
| PYPL PayPal Holdings Inc. | 3.91% | 450,602 | $30.2M | Add +4.9% |
| OWL Blue Owl Capital Inc. | 3.78% | 1,548,740 | $29.2M | Reduce -0.3% |
| KD Kyndryl Holdings Inc. | 3.57% | 1,266,280 | $27.6M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 3.41% | 181,174 | $26.4M | Add +54.6% |
| TPL Texas Pacific Land Corp. | 3.18% | 42,509 | $24.6M | Reduce -1.8% |
| BAM Brookfield Asset Mgmt-A | 3.12% | 574,437 | $24.1M | Reduce -0.1% |
| FNV Franco-Nevada Corp. | 2.16% | 139,869 | $16.7M | Add +7.5% |
| ICE Intercontinental Exchange Inc. | 2.04% | 114,725 | $15.8M | Reduce -4.1% |
| CNC Centene Corp. | 2.01% | 198,071 | $15.5M | Reduce -4.6% |
| BRK.A 1/100 Berkshire HTWY A Class A | 1.15% | 1,400 | $8.9M | No change |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.06% | 209,223 | $8.2M | Reduce -3.0% |
| AAPL Apple Inc. | 0.62% | 27,775 | $4.8M | Reduce -1.0% |
| VLTO Veralto Corp. | 0.57% | 50,102 | $4.4M | Reduce -0.9% |
| JD Jd.com Inc.-ADR | 0.53% | 148,699 | $4.1M | Reduce -0.1% |
| IDXX Idexx Laboratories Inc. | 0.42% | 5,964 | $3.2M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 7,471 | $3.1M | Reduce -0.1% |
| MSFT Microsoft Corp. | 0.34% | 6,283 | $2.6M | Add +0.1% |
| PM Philip Morris International | 0.21% | 17,295 | $1.6M | Add +1.0% |
| SHW The Sherwin-Williams Co. | 0.18% | 3,900 | $1.4M | No change |
| PG The Procter & Gamble Co. | 0.14% | 6,612 | $1.1M | Add +0.4% |
| IVV iShares Core S&P 500 ETF | 0.13% | 1,952 | $1.0M | Reduce -29.6% |
| IWB iShares Russell 1000 ETF | 0.12% | 3,180 | $916K | Reduce -2.0% |
| IYY iShares Dow Jones U.S. ETF | 0.11% | 6,723 | $861K | Reduce -3.5% |
| MO Altria Group Inc. | 0.10% | 17,080 | $745K | Add +0.6% |
| MRK Merck & Co. Inc. | 0.09% | 5,516 | $728K | Reduce -2.3% |
| MDLZ Mondelez International Inc. Class A | 0.09% | 10,011 | $701K | Add +0.5% |
| CAT Caterpillar Inc. | 0.06% | 1,343 | $492K | Add +0.1% |
| PGR Progressive Corp. | 0.06% | 2,319 | $480K | No change |
| PBA Pembina Pipeline Corp. | 0.05% | 11,939 | $422K | No change |
| RPKIF Richards Packaging Income FD | 0.05% | 16,300 | $407K | No change |
| CTTOF CTT-Correios DE Portugal | 0.04% | 77,250 | $344K | No change |
| MDY State Street SPDR S&P Midcap | 0.04% | 615 | $342K | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 0.04% | 6,823 | $341K | Reduce -8.7% |
| PEP Pepsico Inc. | 0.04% | 1,712 | $300K | No change |
| EFA iShares MSCI Eafe ETF | 0.04% | 3,665 | $293K | Add +7.2% |
| HD Home Depot Inc. | 0.04% | 735 | $282K | Add +0.1% |
| UNP Union Pacific Corp. | 0.04% | 1,124 | $276K | Reduce -34.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.04% | 2,614 | $271K | Reduce -10.1% |
| CMI Cummins Inc. | 0.03% | 909 | $268K | Add +0.6% |
| JNJ Johnson & Johnson | 0.03% | 1,656 | $262K | Reduce -4.3% |
| BN Brookfield Corp. | 0.03% | 5,922 | $248K | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 0.03% | 1,110 | $233K | Add +5.2% |
Portfolio Sells Q4 2023 → Q1 2024
| GLD SPDR Gold Shares | Sold out | 0.00% | −1.88 |
| BKNG Booking Holdings Inc. | Reduce -1.5% | 7.18% | −0.88 |
| GOOGL Alphabet Inc. Class A | Reduce -7.0% | 5.75% | −0.72 |
| V Visa Inc. Class A | Reduce -1.5% | 7.48% | −0.53 |
| GOOG Alphabet Inc. Class C | Reduce -3.7% | 3.95% | −0.34 |
| DHR Danaher Corp. | Reduce -1.4% | 4.86% | −0.30 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.1% | 3.12% | −0.26 |
| CNC Centene Corp. | Reduce -4.6% | 2.01% | −0.24 |
| ICE Intercontinental Exchange Inc. | Reduce -4.1% | 2.04% | −0.21 |
| AAPL Apple Inc. | Reduce -1.0% | 0.62% | −0.17 |
| TPL Texas Pacific Land Corp. | Reduce -1.8% | 3.18% | −0.14 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -3.0% | 1.06% | −0.14 |
| JD Jd.com Inc.-ADR | Reduce -0.1% | 0.53% | −0.10 |
| WTW Willis Towers Watson PLC | Reduce -2.0% | 7.09% | −0.08 |
| IDXX Idexx Laboratories Inc. | Reduce -2.3% | 0.42% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -29.6% | 0.13% | −0.06 |
| VLTO Veralto Corp. | Reduce -0.9% | 0.57% | −0.03 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.03 |
| UNP Union Pacific Corp. | Reduce -34.7% | 0.04% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -8.7% | 0.04% | −0.01 |
| IYY iShares Dow Jones U.S. ETF | Reduce -3.5% | 0.11% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -2.0% | 0.12% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -10.1% | 0.04% | −0.01 |
| JNJ Johnson & Johnson | Reduce -4.3% | 0.03% | −0.01 |
| BN Brookfield Corp. | Reduce -0.8% | 0.03% | −0.00 |
| MDY State Street SPDR S&P Midcap | Reduce -0.7% | 0.04% | −0.00 |
| FCNCA First Citizens Bcshs Class A | Reduce -1.8% | 6.04% | +0.00 |
| MRK Merck & Co. Inc. | Reduce -2.3% | 0.09% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.41% | +0.02 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 5.63% | +0.19 |
| OWL Blue Owl Capital Inc. | Reduce -0.3% | 3.78% | +0.39 |
| FISV Fiserv Inc. | Reduce -1.7% | 9.53% | +0.42 |
| CI The Cigna Group | Reduce -1.1% | 8.40% | +0.48 |
Portfolio Buys Q4 2023 → Q1 2024
| KD Kyndryl Holdings Inc. | New | 3.57% | +3.57 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +54.6% | 3.41% | +1.13 |
| FNV Franco-Nevada Corp. | Add +7.5% | 2.16% | +0.05 |
| PYPL PayPal Holdings Inc. | Add +4.9% | 3.91% | +0.05 |
| CAT Caterpillar Inc. | Add +0.1% | 0.06% | +0.01 |
| CMI Cummins Inc. | Add +0.6% | 0.03% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +7.2% | 0.04% | +0.00 |
| HD Home Depot Inc. | Add +0.1% | 0.04% | −0.00 |
| IWM iShares Russell 2000 ETF | Add +5.2% | 0.03% | −0.00 |
| PG The Procter & Gamble Co. | Add +0.4% | 0.14% | −0.00 |
| MSFT Microsoft Corp. | Add +0.1% | 0.34% | −0.00 |
| MO Altria Group Inc. | Add +0.6% | 0.10% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Add +0.5% | 0.09% | −0.01 |
| PM Philip Morris International | Add +1.0% | 0.21% | −0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $691.8M | V, AMZN, BKNG, WTW, RYAAY |
| Q1 2026 | 62 | $696.8M | WTW, BKNG, V, AMZN, GOOG |
| Q4 2025 | 62 | $792.1M | WTW, FCNCA, V, KD, BKNG |
| Q3 2025 | 64 | $846.6M | WTW, KD, V, BKNG, AMZN |
| Q2 2025 | 59 | $856.8M | KD, V, BKNG, WTW, FCNCA |
| Q1 2025 | 56 | $832.7M | BKNG, KD, FISV, WTW, V |
| Q4 2024 | 59 | $879.3M | KD, BKNG, FISV, V, WTW |
| Q3 2024 | 57 | $823.2M | FISV, BKNG, CI, WTW, V |
| Q2 2024 | 56 | $790.7M | FISV, BKNG, CI, V, GOOGL |
| Q1 2024 | 52 | $772.9M | FISV, CI, V, BKNG, WTW |