Cortland Associates Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Cortland Associates Inc. reported 59 stock positions worth $856.8 million. Its top holding was Kyndryl (KD) at 7.4% of the portfolio, followed by Visa Class A (V, 7.1%) and Booking (BKNG, 6.9%). Compared with Q1 2025, it opened 4 new positions, sold out of 1, added to 25 and reduced 17. The biggest buy was a new position in KKR (KKR) and the biggest sale an exit from Brookfield Asset Mgmt-A (BAM).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001014315
- Portfolio Value
- $856.8M (Q2 2025)
- SEC Filing
- 0001140361-25-026872 ↗ filed Jul 23, 2025
Holdings Value
Holdings 59 stocks · $856.8M
| KD Kyndryl Holdings Inc. | 7.41% | 1,512,331 | $63.5M | Reduce -29.1% |
| V Visa Inc. Class A | 7.06% | 170,266 | $60.5M | Reduce -0.1% |
| BKNG Booking Holdings Inc. | 6.89% | 10,199 | $59.0M | Reduce -31.0% |
| WTW Willis Towers Watson PLC | 6.81% | 190,489 | $58.4M | Reduce -0.1% |
| FCNCA First Citizens Bcshs Class A | 6.38% | 27,922 | $54.6M | Reduce -0.2% |
| FISV Fiserv Inc. | 6.14% | 305,341 | $52.6M | Add +0.9% |
| AMZN Amazon.com Inc. | 6.10% | 238,391 | $52.3M | Add +1.0% |
| CI The Cigna Group | 4.88% | 126,577 | $41.8M | Reduce 0.0% |
| RYAAY Ryanair Holdings PLC-SP ADR | 4.74% | 704,638 | $40.6M | Add +0.2% |
| OWL Blue Owl Capital Inc. | 4.51% | 2,009,681 | $38.6M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 4.04% | 196,636 | $34.7M | Add +0.9% |
| DHR Danaher Corp. | 3.97% | 172,273 | $34.0M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 3.84% | 185,511 | $32.9M | Reduce -0.6% |
| KKR KKR & Co. Inc. | 3.56% | 229,379 | $30.5M | New |
| PM Philip Morris International | 3.06% | 144,061 | $26.2M | Add +0.8% |
| FA First Advantage Corp. | 2.57% | 1,327,850 | $22.1M | Add +0.7% |
| PYPL PayPal Holdings Inc. | 2.10% | 241,894 | $18.0M | Reduce -0.3% |
| JD Jd.com Inc.-ADR | 2.02% | 529,091 | $17.3M | Reduce -0.1% |
| TPL Texas Pacific Land Corp. | 1.83% | 14,837 | $15.7M | Add +0.1% |
| CSGP Costar Group Inc. | 1.80% | 191,354 | $15.4M | Add +0.2% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.55% | 205,499 | $13.3M | Reduce -0.2% |
| EFX Equifax Inc. | 1.41% | 46,485 | $12.1M | New |
| LB Landbridge Co. LLC-A | 1.20% | 151,631 | $10.2M | Add +0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.19% | 14 | $10.2M | No change |
| ICE Intercontinental Exchange Inc. | 1.19% | 55,463 | $10.2M | Reduce -0.4% |
| AAPL Apple Inc. | 0.71% | 29,647 | $6.1M | Add +10.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 7,446 | $3.6M | Reduce -0.1% |
| MSFT Microsoft Corp. | 0.39% | 6,663 | $3.3M | Add +1.4% |
| IDXX Idexx Laboratories Inc. | 0.36% | 5,675 | $3.0M | Reduce -0.3% |
| SHW The Sherwin-Williams Co. | 0.16% | 3,900 | $1.3M | No change |
| IVV iShares Core S&P 500 ETF | 0.13% | 1,860 | $1.2M | No change |
| MO Altria Group Inc. | 0.13% | 18,642 | $1.1M | Add +1.5% |
| PG The Procter & Gamble Co. | 0.13% | 6,862 | $1.1M | Add +0.5% |
| IWB iShares Russell 1000 ETF | 0.12% | 3,038 | $1.0M | No change |
| CAT Caterpillar Inc. | 0.12% | 2,552 | $991K | Add +0.1% |
| IYY iShares Dow Jones U.S. ETF | 0.11% | 6,502 | $981K | No change |
| CTTOF CTT-Correios DE Portugal | 0.09% | 84,925 | $756K | No change |
| MDLZ Mondelez International Inc. Class A | 0.08% | 10,314 | $696K | Add +0.6% |
| FNV Franco-Nevada Corp. | 0.08% | 3,946 | $647K | No change |
| PGR Progressive Corp. | 0.05% | 1,724 | $460K | No change |
| MRK Merck & Co. Inc. | 0.05% | 5,663 | $448K | Add +0.7% |
| PBA Pembina Pipeline Corp. | 0.05% | 11,939 | $448K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 6,013 | $417K | Reduce -4.9% |
| RPKIF Richards Packaging Income FD | 0.05% | 16,300 | $392K | No change |
| BN Brookfield Corp. | 0.04% | 5,902 | $365K | Reduce -0.3% |
| EFA iShares MSCI Eafe ETF | 0.04% | 3,687 | $330K | Add +0.3% |
| NVDA Nvidia Corp. | 0.04% | 2,077 | $328K | Reduce -1.4% |
| DE Deere & Co. | 0.04% | 606 | $308K | No change |
| MDY State Street SPDR S&P Midcap | 0.04% | 544 | $308K | Add +0.4% |
| JNJ Johnson & Johnson | 0.04% | 2,012 | $307K | Add +0.1% |
| CMI Cummins Inc. | 0.04% | 932 | $305K | Add +0.5% |
| EFG iShares MSCI Eafe Growth ETF | 0.03% | 2,614 | $293K | No change |
| ADT Adt Inc. | 0.03% | 32,649 | $277K | Add +0.1% |
| HD Home Depot Inc. | 0.03% | 706 | $259K | Add +0.1% |
| UNP Union Pacific Corp. | 0.03% | 1,103 | $254K | No change |
| PEP Pepsico Inc. | 0.03% | 1,640 | $217K | Reduce -24.9% |
| K Kellanova | 0.03% | 2,705 | $215K | Add +0.6% |
| OEF iShares S&P 100 ETF | 0.02% | 700 | $213K | New |
| IWM iShares Russell 2000 ETF | 0.02% | 943 | $203K | New |
Portfolio Sells Q1 2025 → Q2 2025
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −1.82 |
| BKNG Booking Holdings Inc. | Reduce -31.0% | 6.89% | −1.28 |
| WTW Willis Towers Watson PLC | Reduce -0.1% | 6.81% | −0.93 |
| KD Kyndryl Holdings Inc. | Reduce -29.1% | 7.41% | −0.63 |
| JD Jd.com Inc.-ADR | Reduce -0.1% | 2.02% | −0.60 |
| CI The Cigna Group | Reduce 0.0% | 4.88% | −0.12 |
| V Visa Inc. Class A | Reduce -0.1% | 7.06% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.42% | −0.05 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -0.2% | 1.55% | −0.03 |
| PEP Pepsico Inc. | Reduce -24.9% | 0.03% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -4.9% | 0.05% | +0.00 |
| BN Brookfield Corp. | Reduce -0.3% | 0.04% | +0.01 |
| NVDA Nvidia Corp. | Reduce -1.4% | 0.04% | +0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -0.4% | 1.19% | +0.03 |
| IDXX Idexx Laboratories Inc. | Reduce -0.3% | 0.36% | +0.07 |
| FCNCA First Citizens Bcshs Class A | Reduce -0.2% | 6.38% | +0.14 |
| PYPL PayPal Holdings Inc. | Reduce -0.3% | 2.10% | +0.20 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 3.84% | +0.34 |
Portfolio Buys Q1 2025 → Q2 2025
| KKR KKR & Co. Inc. | New | 3.56% | +3.56 |
| EFX Equifax Inc. | New | 1.41% | +1.41 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +0.2% | 4.74% | +1.17 |
| AMZN Amazon.com Inc. | Add +1.0% | 6.10% | +0.71 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 4.04% | +0.42 |
| FA First Advantage Corp. | Add +0.7% | 2.57% | +0.34 |
| PM Philip Morris International | Add +0.8% | 3.06% | +0.34 |
| MSFT Microsoft Corp. | Add +1.4% | 0.39% | +0.09 |
| OEF iShares S&P 100 ETF | New | 0.02% | +0.02 |
| IWM iShares Russell 2000 ETF | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | Add +0.1% | 0.12% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +0.3% | 0.04% | +0.00 |
| MDY State Street SPDR S&P Midcap | Add +0.4% | 0.04% | +0.00 |
| CMI Cummins Inc. | Add +0.5% | 0.04% | +0.00 |
| ADT Adt Inc. | Add +0.1% | 0.03% | +0.00 |
| HD Home Depot Inc. | Add +0.1% | 0.03% | −0.00 |
| K Kellanova | Add +0.6% | 0.03% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Add +0.6% | 0.08% | −0.00 |
| JNJ Johnson & Johnson | Add +0.1% | 0.04% | −0.00 |
| MO Altria Group Inc. | Add +1.5% | 0.13% | −0.00 |
| MRK Merck & Co. Inc. | Add +0.7% | 0.05% | −0.01 |
| AAPL Apple Inc. | Add +10.1% | 0.71% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.5% | 0.13% | −0.01 |
| CSGP Costar Group Inc. | Add +0.2% | 1.80% | −0.02 |
| LB Landbridge Co. LLC-A | Add +0.2% | 1.20% | −0.11 |
| DHR Danaher Corp. | Add +0.1% | 3.97% | −0.27 |
| OWL Blue Owl Capital Inc. | Add +0.0% | 4.51% | −0.33 |
| TPL Texas Pacific Land Corp. | Add +0.1% | 1.83% | −0.53 |
| FISV Fiserv Inc. | Add +0.9% | 6.14% | −1.88 |
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 |