Cortland Associates Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), Cortland Associates Inc. reported 62 stock positions worth $696.8 million. Its top holding was Willis Towers Watson (WTW) at 7.5% of the portfolio, followed by Booking (BKNG, 7.2%) and Visa Class A (V, 7.1%). Compared with Q4 2025, it opened 3 new positions, sold out of 3, added to 10 and reduced 33. The biggest buy was a new position in Becton Dickinson and (BDX) and the biggest sale First Citizens Bcshs Class A (FCNCA, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001014315
- Portfolio Value
- $696.8M (Q1 2026)
- SEC Filing
- 0001140361-26-018075 ↗ filed Apr 30, 2026
Holdings Value
Holdings 62 stocks · $696.8M
| WTW Willis Towers Watson PLC | 7.52% | 180,326 | $52.4M | Reduce -3.5% |
| BKNG Booking Holdings Inc. | 7.17% | 11,858 | $49.9M | Add +17.6% |
| V Visa Inc. Class A | 7.12% | 164,120 | $49.6M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 6.74% | 225,344 | $46.9M | Reduce -2.7% |
| GOOG Alphabet Inc. Class C | 6.19% | 150,382 | $43.1M | Reduce -3.5% |
| KD Kyndryl Holdings Inc. | 6.19% | 3,286,561 | $43.1M | Add +57.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 5.59% | 673,290 | $38.9M | Reduce -2.8% |
| PM Philip Morris International | 4.69% | 197,837 | $32.7M | Reduce -2.0% |
| FCNCA First Citizens Bcshs Class A | 4.69% | 17,321 | $32.6M | Reduce -36.9% |
| CI The Cigna Group | 4.61% | 120,487 | $32.1M | Reduce -3.2% |
| DHR Danaher Corp. | 4.52% | 166,024 | $31.5M | Reduce -2.3% |
| LB Landbridge Co. LLC-A | 3.95% | 398,708 | $27.5M | Reduce -2.3% |
| KKR KKR & Co. Inc. | 3.79% | 285,618 | $26.4M | Add +24.9% |
| BRO Brown & Brown Inc. | 3.67% | 392,479 | $25.6M | Add +35.6% |
| BDX Becton Dickinson and Co. | 3.47% | 153,972 | $24.2M | New |
| GOOGL Alphabet Inc. Class A | 3.33% | 80,740 | $23.2M | Reduce -2.1% |
| TPL Texas Pacific Land Corp. | 1.97% | 28,898 | $13.7M | Reduce -33.0% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.79% | 197,732 | $12.5M | Reduce -2.9% |
| OWL Blue Owl Capital Inc. | 1.73% | 1,322,568 | $12.1M | Reduce -3.1% |
| COF Capital One Financial Corp. | 1.72% | 65,742 | $12.0M | Reduce -1.9% |
| FA First Advantage Corp. | 1.53% | 905,339 | $10.6M | Reduce -3.3% |
| ICE Intercontinental Exchange Inc. | 1.17% | 51,997 | $8.2M | Reduce -3.1% |
| CSGP Costar Group Inc. | 1.05% | 181,019 | $7.3M | Reduce -1.2% |
| AAPL Apple Inc. | 0.88% | 24,058 | $6.1M | Reduce -8.6% |
| WAT Waters Corp. | 0.73% | 17,023 | $5.1M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.62% | 6 | $4.3M | Reduce -53.9% |
| IDXX Idexx Laboratories Inc. | 0.43% | 5,291 | $3.0M | Reduce -4.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.35% | 5,031 | $2.4M | Reduce -10.4% |
| MSFT Microsoft Corp. | 0.32% | 6,114 | $2.3M | Reduce -1.8% |
| IVV iShares Core S&P 500 ETF | 0.22% | 2,306 | $1.5M | Reduce -13.9% |
| CAT Caterpillar Inc. | 0.21% | 2,090 | $1.5M | Reduce -4.5% |
| SHW The Sherwin-Williams Co. | 0.18% | 3,900 | $1.3M | No change |
| IWB iShares Russell 1000 ETF | 0.16% | 3,038 | $1.1M | No change |
| IYY iShares Dow Jones U.S. ETF | 0.15% | 6,502 | $1.0M | No change |
| FNV Franco-Nevada Corp. | 0.14% | 3,946 | $975K | No change |
| MO Altria Group Inc. | 0.10% | 10,823 | $714K | Add +1.5% |
| PG The Procter & Gamble Co. | 0.09% | 4,300 | $621K | Reduce -1.9% |
| CTTOF CTT-Correios DE Portugal | 0.09% | 84,925 | $592K | No change |
| PBA Pembina Pipeline Corp. | 0.08% | 11,939 | $534K | No change |
| IWM iShares Russell 2000 ETF | 0.08% | 2,143 | $531K | No change |
| CSCO Cisco Systems Inc. | 0.08% | 6,773 | $526K | No change |
| MRK Merck & Co. Inc. | 0.06% | 3,696 | $445K | Reduce -19.3% |
| EFA iShares MSCI Eafe ETF | 0.06% | 4,141 | $402K | Add +12.3% |
| MDY State Street SPDR S&P Midcap | 0.05% | 616 | $380K | Add +6.2% |
| JNJ Johnson & Johnson | 0.05% | 1,489 | $364K | Reduce -19.0% |
| BN Brookfield Corp. | 0.05% | 8,851 | $358K | No change |
| MDLZ Mondelez International Inc. Class A | 0.05% | 5,984 | $345K | Add +0.7% |
| DE Deere & Co. | 0.05% | 606 | $341K | No change |
| DOO BRP Inc./Ca- Sub Voting | 0.05% | 4,656 | $334K | No change |
| RPKIF Richards Packaging Income FD | 0.05% | 16,300 | $321K | No change |
| EFG iShares MSCI Eafe Growth ETF | 0.04% | 2,614 | $291K | No change |
| PGR Progressive Corp. | 0.04% | 1,444 | $286K | Reduce -3.4% |
| CMI Cummins Inc. | 0.04% | 525 | $282K | Add +0.4% |
| DFUV Dimensional US Marketwide Va | 0.04% | 5,530 | $268K | Reduce -19.5% |
| UNP Union Pacific Corp. | 0.04% | 1,103 | $268K | No change |
| WMT Walmart Inc. | 0.04% | 2,069 | $257K | Reduce -4.6% |
| DFAT Dimensional US Target Value | 0.04% | 4,105 | $256K | Reduce -16.0% |
| PEP Pepsico Inc. | 0.04% | 1,640 | $255K | No change |
| DFUS Dimensional US Eq MKT ETF | 0.04% | 3,537 | $251K | Reduce -20.1% |
| HD Home Depot Inc. | 0.03% | 710 | $234K | Add +0.1% |
| ADT Adt Inc. | 0.03% | 32,649 | $215K | No change |
| AMGN Amgen Inc. | 0.03% | 600 | $211K | New |
Portfolio Sells Q4 2025 → Q1 2026
| FCNCA First Citizens Bcshs Class A | Reduce -36.9% | 4.69% | −2.75 |
| OWL Blue Owl Capital Inc. | Reduce -3.1% | 1.73% | −0.84 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -2.8% | 5.59% | −0.73 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -53.9% | 0.62% | −0.62 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.56 |
| CSGP Costar Group Inc. | Reduce -1.2% | 1.05% | −0.51 |
| DHR Danaher Corp. | Reduce -2.3% | 4.52% | −0.39 |
| COF Capital One Financial Corp. | Reduce -1.9% | 1.72% | −0.33 |
| V Visa Inc. Class A | Reduce -2.0% | 7.12% | −0.29 |
| WTW Willis Towers Watson PLC | Reduce -3.5% | 7.52% | −0.23 |
| FA First Advantage Corp. | Reduce -3.3% | 1.53% | −0.19 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -2.9% | 1.79% | −0.17 |
| MSFT Microsoft Corp. | Reduce -1.8% | 0.32% | −0.06 |
| IDXX Idexx Laboratories Inc. | Reduce -4.0% | 0.43% | −0.04 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.03 |
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −0.03 |
| AAPL Apple Inc. | Reduce -8.6% | 0.88% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -13.9% | 0.22% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 6.74% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.4% | 0.35% | −0.01 |
| DFUS Dimensional US Eq MKT ETF | Reduce -20.1% | 0.04% | −0.01 |
| DFUV Dimensional US Marketwide Va | Reduce -19.5% | 0.04% | −0.00 |
| PGR Progressive Corp. | Reduce -3.4% | 0.04% | −0.00 |
| DFAT Dimensional US Target Value | Reduce -16.0% | 0.04% | 0.00 |
| MRK Merck & Co. Inc. | Reduce -19.3% | 0.06% | +0.00 |
| JNJ Johnson & Johnson | Reduce -19.0% | 0.05% | +0.00 |
| WMT Walmart Inc. | Reduce -4.6% | 0.04% | +0.01 |
| PG The Procter & Gamble Co. | Reduce -1.9% | 0.09% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -3.5% | 6.19% | +0.02 |
| CAT Caterpillar Inc. | Reduce -4.5% | 0.21% | +0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 3.33% | +0.07 |
| ICE Intercontinental Exchange Inc. | Reduce -3.1% | 1.17% | +0.08 |
| CI The Cigna Group | Reduce -3.2% | 4.61% | +0.29 |
| TPL Texas Pacific Land Corp. | Reduce -33.0% | 1.97% | +0.40 |
| PM Philip Morris International | Reduce -2.0% | 4.69% | +0.61 |
| LB Landbridge Co. LLC-A | Reduce -2.3% | 3.95% | +1.43 |
Portfolio Buys Q4 2025 → Q1 2026
| BDX Becton Dickinson and Co. | New | 3.47% | +3.47 |
| BRO Brown & Brown Inc. | Add +35.6% | 3.67% | +0.76 |
| WAT Waters Corp. | New | 0.73% | +0.73 |
| BKNG Booking Holdings Inc. | Add +17.6% | 7.17% | +0.35 |
| KKR KKR & Co. Inc. | Add +24.9% | 3.79% | +0.11 |
| AMGN Amgen Inc. | New | 0.03% | +0.03 |
| MO Altria Group Inc. | Add +1.5% | 0.10% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +12.3% | 0.06% | +0.01 |
| MDY State Street SPDR S&P Midcap | Add +6.2% | 0.05% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Add +0.7% | 0.05% | +0.01 |
| CMI Cummins Inc. | Add +0.4% | 0.04% | +0.01 |
| HD Home Depot Inc. | Add +0.1% | 0.03% | +0.00 |
| KD Kyndryl Holdings Inc. | Add +57.9% | 6.19% | −0.79 |
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 |