Cortland Associates Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Cortland Associates Inc. reported 56 stock positions worth $832.7 million. Its top holding was Booking (BKNG) at 8.2% of the portfolio, followed by Kyndryl (KD, 8.0%) and Fiserv (FISV, 8.0%). Compared with Q4 2024, it sold out of 3, added to 23 and reduced 18. The biggest buy was Philip Morris International (PM, shares +704%) and the biggest sale Brookfield Asset Mgmt-A (BAM, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001014315
- Portfolio Value
- $832.7M (Q1 2025)
- SEC Filing
- 0001140361-25-016824 ↗ filed May 1, 2025
Holdings Value
Holdings 56 stocks · $832.7M
| BKNG Booking Holdings Inc. | 8.18% | 14,778 | $68.1M | Add +0.4% |
| KD Kyndryl Holdings Inc. | 8.04% | 2,131,738 | $66.9M | Add +0.4% |
| FISV Fiserv Inc. | 8.02% | 302,470 | $66.8M | Reduce -12.9% |
| WTW Willis Towers Watson PLC | 7.74% | 190,698 | $64.4M | Reduce -0.3% |
| V Visa Inc. Class A | 7.17% | 170,426 | $59.7M | Reduce -15.9% |
| FCNCA First Citizens Bcshs Class A | 6.23% | 27,990 | $51.9M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 5.39% | 235,980 | $44.9M | Reduce -0.8% |
| CI The Cigna Group | 5.00% | 126,581 | $41.6M | Reduce -0.3% |
| OWL Blue Owl Capital Inc. | 4.84% | 2,009,370 | $40.3M | Add +0.3% |
| DHR Danaher Corp. | 4.24% | 172,168 | $35.3M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 3.62% | 194,937 | $30.1M | Add +0.0% |
| RYAAY Ryanair Holdings PLC-SP ADR | 3.58% | 702,974 | $29.8M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 3.50% | 186,683 | $29.2M | Reduce -0.4% |
| PM Philip Morris International | 2.72% | 142,950 | $22.7M | Add +704.0% |
| JD Jd.com Inc.-ADR | 2.62% | 529,749 | $21.8M | Add +61.2% |
| TPL Texas Pacific Land Corp. | 2.36% | 14,827 | $19.6M | Reduce -0.4% |
| FA First Advantage Corp. | 2.23% | 1,319,044 | $18.6M | Add +1.6% |
| PYPL PayPal Holdings Inc. | 1.90% | 242,720 | $15.8M | Reduce -0.9% |
| BAM Brookfield Asset Mgmt-A | 1.82% | 313,637 | $15.2M | Reduce -44.5% |
| CSGP Costar Group Inc. | 1.82% | 190,914 | $15.1M | Add +0.4% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.58% | 205,858 | $13.1M | Add +0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.34% | 14 | $11.2M | No change |
| LB Landbridge Co. LLC-A | 1.31% | 151,269 | $10.9M | Add +0.5% |
| ICE Intercontinental Exchange Inc. | 1.15% | 55,705 | $9.6M | Reduce -49.2% |
| AAPL Apple Inc. | 0.72% | 26,937 | $6.0M | Reduce -3.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 7,452 | $4.0M | No change |
| MSFT Microsoft Corp. | 0.30% | 6,574 | $2.5M | Reduce -1.3% |
| IDXX Idexx Laboratories Inc. | 0.29% | 5,694 | $2.4M | Reduce -2.3% |
| SHW The Sherwin-Williams Co. | 0.16% | 3,900 | $1.4M | No change |
| PG The Procter & Gamble Co. | 0.14% | 6,829 | $1.2M | Add +0.4% |
| MO Altria Group Inc. | 0.13% | 18,363 | $1.1M | Add +1.8% |
| IVV iShares Core S&P 500 ETF | 0.13% | 1,860 | $1.0M | Reduce -4.7% |
| IWB iShares Russell 1000 ETF | 0.11% | 3,038 | $932K | No change |
| IYY iShares Dow Jones U.S. ETF | 0.11% | 6,502 | $885K | No change |
| CAT Caterpillar Inc. | 0.10% | 2,549 | $841K | Add +0.1% |
| MDLZ Mondelez International Inc. Class A | 0.08% | 10,253 | $696K | Add +0.7% |
| CTTOF CTT-Correios DE Portugal | 0.08% | 84,925 | $687K | No change |
| FNV Franco-Nevada Corp. | 0.07% | 3,946 | $622K | Reduce -8.6% |
| MRK Merck & Co. Inc. | 0.06% | 5,623 | $505K | Add +0.6% |
| PGR Progressive Corp. | 0.06% | 1,724 | $488K | Reduce -1.7% |
| PBA Pembina Pipeline Corp. | 0.06% | 11,939 | $478K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 6,323 | $390K | No change |
| JNJ Johnson & Johnson | 0.04% | 2,011 | $333K | Add +0.1% |
| PEP Pepsico Inc. | 0.04% | 2,185 | $328K | No change |
| BN Brookfield Corp. | 0.04% | 5,922 | $310K | No change |
| RPKIF Richards Packaging Income FD | 0.04% | 16,300 | $306K | No change |
| EFA iShares MSCI Eafe ETF | 0.04% | 3,677 | $301K | Add +0.3% |
| CMI Cummins Inc. | 0.03% | 927 | $291K | Add +0.4% |
| MDY State Street SPDR S&P Midcap | 0.03% | 542 | $289K | Reduce -11.9% |
| DE Deere & Co. | 0.03% | 606 | $284K | No change |
| ADT Adt Inc. | 0.03% | 32,616 | $265K | No change |
| EFG iShares MSCI Eafe Growth ETF | 0.03% | 2,614 | $261K | No change |
| UNP Union Pacific Corp. | 0.03% | 1,103 | $261K | No change |
| HD Home Depot Inc. | 0.03% | 705 | $258K | Add +0.1% |
| NVDA Nvidia Corp. | 0.03% | 2,107 | $228K | Add +17.1% |
| K Kellanova | 0.03% | 2,689 | $222K | Add +0.5% |
Portfolio Sells Q4 2024 → Q1 2025
| BAM Brookfield Asset Mgmt-A | Reduce -44.5% | 1.82% | −1.66 |
| ICE Intercontinental Exchange Inc. | Reduce -49.2% | 1.15% | −0.70 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.57 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 3.50% | −0.56 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 5.39% | −0.54 |
| FCNCA First Citizens Bcshs Class A | Reduce -0.1% | 6.23% | −0.50 |
| PYPL PayPal Holdings Inc. | Reduce -0.9% | 1.90% | −0.48 |
| V Visa Inc. Class A | Reduce -15.9% | 7.17% | −0.11 |
| FISV Fiserv Inc. | Reduce -12.9% | 8.02% | −0.09 |
| AAPL Apple Inc. | Reduce -3.0% | 0.72% | −0.07 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.03 |
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −0.02 |
| MSFT Microsoft Corp. | Reduce -1.3% | 0.30% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -4.7% | 0.13% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -11.9% | 0.03% | −0.01 |
| PGR Progressive Corp. | Reduce -1.7% | 0.06% | +0.01 |
| IDXX Idexx Laboratories Inc. | Reduce -2.3% | 0.29% | +0.01 |
| FNV Franco-Nevada Corp. | Reduce -8.6% | 0.07% | +0.02 |
| TPL Texas Pacific Land Corp. | Reduce -0.4% | 2.36% | +0.49 |
| WTW Willis Towers Watson PLC | Reduce -0.3% | 7.74% | +0.92 |
| CI The Cigna Group | Reduce -0.3% | 5.00% | +1.01 |
Portfolio Buys Q4 2024 → Q1 2025
| PM Philip Morris International | Add +704.0% | 2.72% | +2.48 |
| JD Jd.com Inc.-ADR | Add +61.2% | 2.62% | +1.32 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Add +0.3% | 1.58% | +0.34 |
| CSGP Costar Group Inc. | Add +0.4% | 1.82% | +0.27 |
| LB Landbridge Co. LLC-A | Add +0.5% | 1.31% | +0.20 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +0.2% | 3.58% | +0.10 |
| MO Altria Group Inc. | Add +1.8% | 0.13% | +0.03 |
| MDLZ Mondelez International Inc. Class A | Add +0.7% | 0.08% | +0.01 |
| PG The Procter & Gamble Co. | Add +0.4% | 0.14% | +0.01 |
| JNJ Johnson & Johnson | Add +0.1% | 0.04% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +0.3% | 0.04% | +0.00 |
| K Kellanova | Add +0.5% | 0.03% | +0.00 |
| NVDA Nvidia Corp. | Add +17.1% | 0.03% | −0.00 |
| HD Home Depot Inc. | Add +0.1% | 0.03% | −0.00 |
| CMI Cummins Inc. | Add +0.4% | 0.03% | −0.00 |
| MRK Merck & Co. Inc. | Add +0.6% | 0.06% | −0.00 |
| CAT Caterpillar Inc. | Add +0.1% | 0.10% | −0.00 |
| BKNG Booking Holdings Inc. | Add +0.4% | 8.18% | −0.14 |
| DHR Danaher Corp. | Add +0.2% | 4.24% | −0.25 |
| KD Kyndryl Holdings Inc. | Add +0.4% | 8.04% | −0.32 |
| OWL Blue Owl Capital Inc. | Add +0.3% | 4.84% | −0.47 |
| FA First Advantage Corp. | Add +1.6% | 2.23% | −0.53 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 3.62% | −0.58 |
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 |