1y return−11.4%S&P 500 +20.9%
3y return+28.4%S&P 500 +68.5%
5y return+14.5%S&P 500 +74.5%
10y return+188.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $288 against $357 in the S&P 500.2
Cortland Associates Inc/moS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VVisa Inc | $54.3M | 7.9% | −3.5% |
| AMZNAmazon.com Inc | $51.2M | 7.4% | −4.6% |
| BKNGBooking Holdings Inc | $51.1M | 7.4% | −3.2% |
| Willis Towers WatsonCUSIP G96629103 | $45.6M | 6.6% | −3.3% |
| RYAAYRyanair Holdings PLC Sponsored | $42.3M | 6.1% | −3.0% |
| PMPhilip Morris Intl Inc | $34.7M | 5.0% | −3.0% |
| CICigna Group | $32.1M | 4.6% | −3.3% |
| LBLandbridge Company LLC Cl A | $30.5M | 4.4% | −3.6% |
| DHRDanaher Corp | $30.0M | 4.3% | −5.2% |
| GOOGAlphabet Inc Class C | $28.5M | 4.1% | −46.3% |
| KKRKkr & Co LP | $25.2M | 3.6% | −3.9% |
| FCNCAFirst Ctzns Bancshares Cl A | $23.9M | 3.5% | −33.6% |
| BDXBecton Dickinson & Co | $22.5M | 3.3% | −3.2% |
| GOOGLAlphabet Inc Class A | $21.6M | 3.1% | −25.1% |
| KDKyndryl Hldgs Inc Common Stock | $19.9M | 2.9% | −46.4% |
| METAMeta Platforms Inc | $18.0M | 2.6% | New |
| FAFirst Advantage Corp | $15.9M | 2.3% | −2.7% |
| ICEIntercontinental Exchange | $14.7M | 2.1% | +128.9% |
| MCKMc Kesson Corp | $13.5M | 2.0% | New |
| COFCapital One Financial | $12.8M | 1.8% | −3.1% |
| TPLTexas Pacific Land Corp | $12.2M | 1.8% | −3.4% |
| EADSYAirbus Se Unsponsored Adr | $11.6M | 1.7% | New |
| BROBrown & Brown Inc Com | $11.5M | 1.7% | −54.5% |
| OWLBlue Owl Capital Inc Com Cl A | $11.2M | 1.6% | −3.2% |
| TCEHYTencent Hldgs Ltd Adr | $10.5M | 1.5% | −3.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CATCaterpillar Inc | September 30, 2020 | +614.0% | $2.2M |
| TPLTexas Pacific Land Corp | December 31, 2020 | +441.8% | $12.2M |
| GOOGLAlphabet Inc Class A | June 30, 2020 | +404.0% | $21.6M |
| GOOGAlphabet Inc Class C | June 30, 2020 | +399.9% | $28.5M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $6.6M |
| FCNCAFirst Ctzns Bancshares Cl A | March 31, 2022 | +212.6% | $23.9M |
| BRK/BBerkshire Hathaway B New Class | June 30, 2020 | +180.3% | $2.4M |
| PMPhilip Morris Intl Inc | June 30, 2020 | +158.2% | $34.7M |
| BKNGBooking Holdings Inc | June 30, 2022 | +154.8% | $51.1M |
| CSCOCisco Systems Inc | June 30, 2020 | +151.8% | $796K |
Sold off last quarter
- CSGPCostar Group Inc was $7.3M
- WATWaters Corp was $5.1M
- DFUVDimensional Etf Trust Us Mktwi was $268K
- Dimensional Us Targeted ValueCUSIP 25434V609 was $256K
- DFUSDimensional Us Equity was $251K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.7% | +14.8% |
| March 31, 2026 | −13.9% | −4.6% |
| December 31, 2025 | −0.4% | +2.4% |
| September 30, 2025 | −2.3% | +7.8% |
| June 30, 2025 | +5.9% | +10.5% |
| March 31, 2025 | −3.1% | −4.6% |
| December 31, 2024 | +9.5% | +2.1% |
| September 30, 2024 | +6.0% | +5.4% |
| June 30, 2024 | +0.9% | +4.0% |
| March 31, 2024 | +11.5% | +10.0% |
| December 31, 2023 | +7.6% | +11.2% |
| September 30, 2023 | +0.6% | −3.6% |
| June 30, 2023 | +5.3% | +8.3% |
| March 31, 2023 | +3.4% | +7.0% |
| December 31, 2022 | +7.7% | +7.1% |
| September 30, 2022 | −1.5% | −5.3% |
| June 30, 2022 | −14.0% | −16.5% |
| March 31, 2022 | −7.3% | −4.9% |
| December 31, 2021 | +1.5% | +10.7% |
| September 30, 2021 | −4.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Cortland Associates Inc/mo Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1014315&type=13F-HR&dateb=&owner=include&count=40CIK 1014315
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1014315/000114036126029848/Filed July 28, 2026 · accession 0001140361-26-029848