Cortland Advisers 13F annual report
Cortland Advisers is an investment fund managing more than $2.18 billion ran by Matthew Lawrence. There are currently 32 companies in Mr. Lawrence’s portfolio. The largest investments include Google Inc and Berkshire Hathaway, together worth $335 million.
$2.18 billion Assets Under Management (AUM)
As of 7th October 2020, Cortland Advisers’s top holding is 149,494 shares of Google Inc currently worth over $183 million and making up 8.4% of the portfolio value.
In addition, the fund holds 734,449 shares of Berkshire Hathaway worth $153 million, whose value grew 10.1% in the past six months.
The third-largest holding is Chevron worth $142 million and the next is Jpmorgan Chase Co worth $133 million, with 1,129,575 shares owned.
Currently, Cortland Advisers's portfolio is worth at least $2.18 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cortland Advisers
The Cortland Advisers office and employees reside in Wilmington, Delaware. According to the last 13-F report filed with the SEC, Matthew Lawrence serves as the Business Manager at Cortland Advisers.
Recent trades
In the most recent 13F filing, Cortland Advisers revealed that it had opened a new position in
ONEOK and bought 692,609 shares worth $51 million.
This means they effectively own approximately 0.1% of the company.
ONEOK makes up
17.7%
of the fund's Energy sector allocation and has decreased its share price by 57.4% in the past year.
The investment fund also strengthened its position in Jpmorgan Chase Co by buying
67,068 additional shares.
This makes their stake in Jpmorgan Chase Co total 1,129,575 shares worth $133 million.
On the other hand, there are companies that Cortland Advisers is getting rid of from its portfolio.
Cortland Advisers closed its position in Bank Of New York Mellon Corp/the on 13th November 2019.
It sold the previously owned 808,956 shares for $35.7 million.
Matthew Lawrence also disclosed a decreased stake in Wells Fargo Co by 0.3%.
This leaves the value of the investment at $76.8 million and 1,523,470 shares.
One of the largest hedge funds
The two most similar investment funds to Cortland Advisers are Cidel Asset Management Inc and Cambiar Investors. They manage $2.18 billion and $2.18 billion respectively.
Matthew Lawrence investment strategy
Cortland Advisers’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 19.7% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
47% of the total holdings value.
On the other hand, small-cap stocks make up only 3.1% of the portfolio.
The average market cap of the portfolio companies is close to $133 billion.
The complete list of Cortland Advisers trades based on 13F SEC filings
These positions were updated on November 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Google Inc |
No change
149,494
|
$182,553,000 | 8.36% |
| Berkshire Hathaway Inc. |
No change
734,449
|
$152,780,000 | 6.99% |
| Chevron Corp. |
No change
1,199,229
|
$142,228,000 | 6.51% |
| Jpmorgan Chase Co |
6.31%
1,129,575
|
$132,940,000 | 6.09% |
| Walt Disney Co/the |
No change
929,511
|
$121,134,000 | 5.55% |
| NextEra Energy, Inc. |
No change
436,835
|
$101,778,000 | 4.66% |
| Bank of America Corp. |
No change
2,752,318
|
$80,286,000 | 3.68% |
| Royal Bank of Canada |
No change
947,412
|
$76,892,000 | 3.52% |
| Wells Fargo Co |
26.64%
1,523,470
|
$76,844,000 | 3.52% |
| Ishares Core Sp 500 Etf |
No change
252,572
|
$75,398,000 | 3.45% |
| Cme Group Inc/il |
No change
351,513
|
$74,289,000 | 3.40% |
| Intercontinentalexchange Inc |
No change
804,743
|
$74,254,000 | 3.40% |
| American Tower Corp. |
No change
328,982
|
$72,748,000 | 3.33% |
| Zions Bancorporation |
No change
1,602,993
|
$71,365,000 | 3.27% |
| Prologis, Inc. |
No change
789,352
|
$67,269,000 | 3.08% |
| Citigroup, Inc. |
63.32%
905,708
|
$62,566,000 | 2.86% |
| First Republic Bank/ca |
10.92%
593,651
|
$57,406,000 | 2.63% |
| Kinder Morgan Inc/de |
45.98%
2,768,490
|
$57,058,000 | 2.61% |
| Southern Co/the |
No change
920,579
|
$56,864,000 | 2.60% |
| Facebook, Inc. |
No change
303,632
|
$54,071,000 | 2.48% |
| ONEOK, Inc. |
Opened
692,609
|
$51,038,000 | 2.34% |
| Dominion Resources Inc/va |
No change
607,838
|
$49,260,000 | 2.26% |
| Toronto-dominion Bank/the |
No change
790,878
|
$46,076,000 | 2.11% |
| Us Bancorp/mn |
No change
773,133
|
$42,785,000 | 1.96% |
| Exxon Mobil Corp. |
No change
570,316
|
$40,270,000 | 1.84% |
| Magellan Midstream Partners LP |
23.75%
559,500
|
$37,078,000 | 1.70% |
| Bank Of New York Mellon Corp/the |
Closed
808,956
|
$35,715,000 | |
| Northern Trust Corp. |
No change
323,503
|
$30,189,000 | 1.38% |
| Duke Energy Corp. |
114.80%
301,478
|
$28,900,000 | 1.32% |
| Aon Plc |
No change
142,653
|
$27,613,000 | 1.26% |
| PPL Corp. |
Closed
562,202
|
$17,434,000 | |
| ConocoPhillips |
47.08%
302,055
|
$17,211,000 | 0.79% |
| American Electric Power Co., Inc. |
No change
146,670
|
$13,742,000 | 0.63% |
| NorthWestern Corp. |
No change
125,659
|
$9,431,000 | 0.43% |
| No transactions found | |||
| Showing first 500 out of 34 holdings | |||
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