Cortland Associates Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Cortland Associates Inc. reported 59 stock positions worth $879.3 million. Its top holding was Kyndryl (KD) at 8.4% of the portfolio, followed by Booking (BKNG, 8.3%) and Fiserv (FISV, 8.1%). Compared with Q3 2024, it opened 3 new positions, sold out of 1, added to 12 and reduced 28. The biggest buy was a new position in First Advantage (FA) and the biggest sale Cigna (CI, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001014315
- Portfolio Value
- $879.3M (Q4 2024)
- SEC Filing
- 0001140361-25-001689 ↗ filed Jan 23, 2025
Holdings Value
Holdings 59 stocks · $879.3M
| KD Kyndryl Holdings Inc. | 8.36% | 2,123,721 | $73.5M | Reduce -1.3% |
| BKNG Booking Holdings Inc. | 8.31% | 14,714 | $73.1M | Reduce -2.0% |
| FISV Fiserv Inc. | 8.12% | 347,381 | $71.4M | Reduce -2.4% |
| V Visa Inc. Class A | 7.28% | 202,580 | $64.0M | Reduce -1.7% |
| WTW Willis Towers Watson PLC | 6.82% | 191,359 | $59.9M | Reduce -1.6% |
| FCNCA First Citizens Bcshs Class A | 6.73% | 28,012 | $59.2M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 5.94% | 237,889 | $52.2M | Reduce -1.5% |
| OWL Blue Owl Capital Inc. | 5.30% | 2,004,024 | $46.6M | Reduce -1.7% |
| DHR Danaher Corp. | 4.49% | 171,882 | $39.5M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 4.20% | 194,918 | $36.9M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 4.06% | 187,510 | $35.7M | Reduce -2.5% |
| CI The Cigna Group | 3.99% | 126,944 | $35.1M | Reduce -27.6% |
| BAM Brookfield Asset Mgmt-A | 3.49% | 565,620 | $30.7M | Reduce -1.6% |
| RYAAY Ryanair Holdings PLC-SP ADR | 3.48% | 701,664 | $30.6M | Reduce -1.4% |
| FA First Advantage Corp. | 2.77% | 1,298,855 | $24.3M | New |
| PYPL PayPal Holdings Inc. | 2.38% | 244,919 | $20.9M | Reduce -3.8% |
| TPL Texas Pacific Land Corp. | 1.87% | 14,884 | $16.5M | Reduce -63.9% |
| ICE Intercontinental Exchange Inc. | 1.86% | 109,591 | $16.3M | Reduce -2.2% |
| CSGP Costar Group Inc. | 1.55% | 190,124 | $13.6M | Reduce -1.3% |
| JD Jd.com Inc.-ADR | 1.30% | 328,625 | $11.4M | Reduce -1.3% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.24% | 205,269 | $10.9M | Reduce -1.5% |
| LB Landbridge Co. LLC-A | 1.11% | 150,573 | $9.7M | New |
| BRK.A 1/100 Berkshire HTWY A Class A | 1.08% | 1,400 | $9.5M | No change |
| AAPL Apple Inc. | 0.79% | 27,776 | $7.0M | Reduce -0.5% |
| VLTO Veralto Corp. | 0.57% | 48,999 | $5.0M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 7,452 | $3.4M | Reduce -0.1% |
| MSFT Microsoft Corp. | 0.32% | 6,660 | $2.8M | Add +0.4% |
| IDXX Idexx Laboratories Inc. | 0.27% | 5,826 | $2.4M | Reduce -1.5% |
| PM Philip Morris International | 0.24% | 17,779 | $2.1M | Add +0.8% |
| SHW The Sherwin-Williams Co. | 0.15% | 3,900 | $1.3M | No change |
| IVV iShares Core S&P 500 ETF | 0.13% | 1,952 | $1.1M | No change |
| PG The Procter & Gamble Co. | 0.13% | 6,799 | $1.1M | Add +0.4% |
| IWB iShares Russell 1000 ETF | 0.11% | 3,038 | $979K | No change |
| MO Altria Group Inc. | 0.11% | 18,046 | $944K | Add +1.8% |
| IYY iShares Dow Jones U.S. ETF | 0.11% | 6,502 | $930K | No change |
| CAT Caterpillar Inc. | 0.11% | 2,546 | $924K | Add +0.1% |
| MDLZ Mondelez International Inc. Class A | 0.07% | 10,179 | $608K | Add +0.6% |
| MRK Merck & Co. Inc. | 0.06% | 5,591 | $556K | Add +0.5% |
| FNV Franco-Nevada Corp. | 0.06% | 4,316 | $508K | Add +0.4% |
| CTTOF CTT-Correios DE Portugal | 0.05% | 84,925 | $475K | No change |
| PBA Pembina Pipeline Corp. | 0.05% | 11,939 | $441K | No change |
| PGR Progressive Corp. | 0.05% | 1,754 | $420K | No change |
| CSCO Cisco Systems Inc. | 0.04% | 6,323 | $374K | Reduce -4.8% |
| MDY State Street SPDR S&P Midcap | 0.04% | 615 | $350K | No change |
| BN Brookfield Corp. | 0.04% | 5,922 | $340K | No change |
| PEP Pepsico Inc. | 0.04% | 2,185 | $332K | Reduce -3.2% |
| RPKIF Richards Packaging Income FD | 0.04% | 16,300 | $330K | No change |
| CMI Cummins Inc. | 0.04% | 923 | $322K | Add +0.4% |
| JNJ Johnson & Johnson | 0.03% | 2,010 | $291K | Add +0.1% |
| EFA iShares MSCI Eafe ETF | 0.03% | 3,665 | $277K | No change |
| HD Home Depot Inc. | 0.03% | 704 | $274K | Add +0.1% |
| DE Deere & Co. | 0.03% | 606 | $257K | No change |
| EFG iShares MSCI Eafe Growth ETF | 0.03% | 2,614 | $253K | No change |
| UNP Union Pacific Corp. | 0.03% | 1,103 | $252K | No change |
| IWM iShares Russell 2000 ETF | 0.03% | 1,110 | $245K | No change |
| NVDA Nvidia Corp. | 0.03% | 1,800 | $242K | Reduce -2.7% |
| ADT Adt Inc. | 0.03% | 32,616 | $225K | Reduce -7.9% |
| K Kellanova | 0.02% | 2,675 | $217K | Add +0.6% |
| OEF iShares S&P 100 ETF | 0.02% | 700 | $202K | New |
Portfolio Sells Q3 2024 → Q4 2024
| CI The Cigna Group | Reduce -27.6% | 3.99% | −3.40 |
| TPL Texas Pacific Land Corp. | Reduce -63.9% | 1.87% | −2.56 |
| DHR Danaher Corp. | Reduce -1.1% | 4.49% | −1.38 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -1.4% | 3.48% | −0.43 |
| ICE Intercontinental Exchange Inc. | Reduce -2.2% | 1.86% | −0.33 |
| JD Jd.com Inc.-ADR | Reduce -1.3% | 1.30% | −0.32 |
| CSGP Costar Group Inc. | Reduce -1.3% | 1.55% | −0.22 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -1.5% | 1.24% | −0.16 |
| WTW Willis Towers Watson PLC | Reduce -1.6% | 6.82% | −0.14 |
| VLTO Veralto Corp. | Reduce -1.5% | 0.57% | −0.11 |
| IDXX Idexx Laboratories Inc. | Reduce -1.5% | 0.27% | −0.09 |
| PYPL PayPal Holdings Inc. | Reduce -3.8% | 2.38% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.38% | −0.03 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.03 |
| PEP Pepsico Inc. | Reduce -3.2% | 0.04% | −0.01 |
| ADT Adt Inc. | Reduce -7.9% | 0.03% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -4.8% | 0.04% | −0.00 |
| NVDA Nvidia Corp. | Reduce -2.7% | 0.03% | +0.00 |
| AAPL Apple Inc. | Reduce -0.5% | 0.79% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -2.5% | 4.06% | +0.16 |
| BAM Brookfield Asset Mgmt-A | Reduce -1.6% | 3.49% | +0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -0.5% | 4.20% | +0.25 |
| FISV Fiserv Inc. | Reduce -2.4% | 8.12% | +0.35 |
| FCNCA First Citizens Bcshs Class A | Reduce -1.6% | 6.73% | +0.36 |
| V Visa Inc. Class A | Reduce -1.7% | 7.28% | +0.40 |
| AMZN Amazon.com Inc. | Reduce -1.5% | 5.94% | +0.47 |
| OWL Blue Owl Capital Inc. | Reduce -1.7% | 5.30% | +0.51 |
| BKNG Booking Holdings Inc. | Reduce -2.0% | 8.31% | +0.63 |
| KD Kyndryl Holdings Inc. | Reduce -1.3% | 8.36% | +2.35 |
Portfolio Buys Q3 2024 → Q4 2024
| FA First Advantage Corp. | New | 2.77% | +2.77 |
| LB Landbridge Co. LLC-A | New | 1.11% | +1.11 |
| OEF iShares S&P 100 ETF | New | 0.02% | +0.02 |
| CMI Cummins Inc. | Add +0.4% | 0.04% | +0.00 |
| K Kellanova | Add +0.6% | 0.02% | −0.00 |
| MO Altria Group Inc. | Add +1.8% | 0.11% | −0.00 |
| HD Home Depot Inc. | Add +0.1% | 0.03% | −0.00 |
| JNJ Johnson & Johnson | Add +0.1% | 0.03% | −0.01 |
| FNV Franco-Nevada Corp. | Add +0.4% | 0.06% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.4% | 0.13% | −0.01 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.06% | −0.01 |
| CAT Caterpillar Inc. | Add +0.1% | 0.11% | −0.02 |
| PM Philip Morris International | Add +0.8% | 0.24% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Add +0.6% | 0.07% | −0.02 |
| MSFT Microsoft Corp. | Add +0.4% | 0.32% | −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 |