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CORTLAND ASSOCIATES INC/MO — 13F Holdings & Portfolio

CIK 1014315 · latest 13F-HR filed 2026-07-28

Backtest portfolio

CORTLAND ASSOCIATES INC/MO manages $691.8M in 13F-reported U.S. long-equity assets across 62 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are V (7.86%), AMZN (7.41%), BKNG (7.39%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions and exited 5; 27 existing positions rose in reported value and 16 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$691.8M

Long-equity book

Holdings
62

Distinct positions

Period
2026-06-30

Filed 2026-07-28

Q/Q Activity
+5 / −5 / ↑27 / ↓16

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
V7.9% · -4%AMZN7.4% · -5%BKNG7.4% · +2320%WTW6.6% · -3%RYAAY6.1% · -3%PM5.0% · -3%CI4.6% · -3%LB4.4% · -4%DHR4.3% · -5%GOOG4.1% · -46%KKR3.6% · -4%FCNCA3.5% · -34%BDX3.3% · -3%GOOGL3.1% · -25%KD2.9% · -46%META2.6% · newFA2.3% · -3%ICE2.1% · +129%MCK2.0% · newCOF1.8% · -3%TPL1.8% · -3%EADSY1.7% · newBRO1.7% · -54%OWL1.6% · -3%TCEHY1.5% · -4%ARES1.4% · newAAPL1.0% · -5%BRK.A0.5% · -17%IDXX0.4% · -3%BRK.B0.3% · -4%MSFT0.3% · -0%CAT0.3% · 0%IVV0.2% · -1%SHW0.2% · 0%IWB0.2% · 0%IYY0.2% · 0%FNV0.1% · 0%CSCO0.1% · 0%MO0.1% · +1%IWM0.1% · +1%PG0.1% · +0%CTTOF0.1% · 0%PBA0.1% · 0%MRK0.1% · +0%MDY0.1% · +1%EFA0.1% · +0%DE0.1% · 0%JNJ0.1% · +0%BN0.1% · 0%CMI0.1% · +0%MDLZ0.1% · +1%RPKIF0.0% · newEFG0.0% · 0%PGR0.0% · -2%UNP0.0% · 0%DOO0.0% · -8%HD0.0% · +0%WMT0.0% · +5%PEP0.0% · 0%AMGN0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 57.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$5.67B
Discretionary
$5.67B
Employees
91
Accounts
8
Address
3424 PEACHTREE ROAD NE
SUITE 300
ATLANTA, GA 30326
Phone
(404) 965-3988
Website
Name Title / Status Ownership Type
ALTMAN, MICHAEL, EDWARD ControlCIO
since Nov 2018
Less than 5%Individual
CORTLAND HOLDINGS, LLC ControlMANAGER, SOLE MEMBER
since Nov 2018
75% or moreDomestic Entity
DEFRANCIS, STEVEN, JOEL ControlCEO
since Nov 2018
Less than 5%Individual
KIM-SUK, SANDRA, ANN ControlCHIEF FINANCIAL OFFICER
since Mar 2025
Less than 5%Individual
MAY, COREY, BRENDAN ControlGENERAL COUNSEL
since Nov 2018
Less than 5%Individual
SHULTZ, GREGORY, ALLEN ControlCHIEF COMPLIANCE OFFICER
since Jan 2026
Less than 5%Individual
STIKER, EDWARD, SMITH ControlSENIOR MANAGING PARTNER, HEAD OF CLIENT RELATIONS & CAPITAL MARKETS
since Aug 2014
Less than 5%Individual
CIOPS CONSOLIDATED HOLDINGS, LLC Control
Indirect owner via CORTLAND HOLDINGS, LLC
MEMBER
since Dec 2019
25–50%Domestic Entity
CORTLAND ASSOCIATES, LLC Control
Indirect owner via CIOPS CONSOLIDATED HOLDINGS, LLC
MEMBER
since Dec 2019
25–50%Domestic Entity
DEFRANCIS, STEVEN, JOEL Control
Indirect owner via CORTLAND HOLDINGS, LLC
MANAGER
since Oct 2014
General partner, trustee or managerIndividual
DEFRANCIS, STEVEN, JOEL Control
Indirect owner via CIOPS CONSOLIDATED HOLDINGS, LLC
MANAGER
since Dec 2019
General partner, trustee or managerIndividual
ENICK, MICHELLE, CERRONE Control
Indirect owner via THE KENJACK TRUST
TRUSTEE
since Sep 2016
General partner, trustee or managerIndividual
GRAHAM, CHRISTOPHER, TODD Control
Indirect owner via THE KENJACK TRUST
TRUSTEE
since Feb 2013
General partner, trustee or managerIndividual
MAY, COREY, BRENDAN Control
Indirect owner via THE KENJACK TRUST
TRUSTEE
since Aug 2018
General partner, trustee or managerIndividual
THE KENJACK TRUST Control
Indirect owner via CORTLAND HOLDINGS, LLC
MEMBER
since Oct 2014
50–75%Domestic Entity
Ownership & leadership changes · 6 filings with changes since Dec 13, 2018

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 23, 2026 filing
  • No longer listedKERN, JASON, BLAIR · PRESIDENT OF INVESTMENT MANAGEMENT · Less than 5% · control person · listed since Jan 2022
  • No longer listedSIMON, LINDSEY, HELAINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since May 2024
  • AddedSHULTZ, GREGORY, ALLEN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jun 2, 2025 filing
  • No longer listedDICKSON, DAVID, MARTIN · CFO · Less than 5% · control person · listed since Nov 2018
  • AddedKIM-SUK, SANDRA, ANN · CHIEF FINANCIAL OFFICER · Less than 5% · control person
May 21, 2024 filing
  • AddedSIMON, LINDSEY, HELAINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedMAY, COREY, BRENDAN · title CCO & GENERAL COUNSEL → GENERAL COUNSEL
Mar 29, 2024 filing
  • ChangedALTMAN, MICHAEL, EDWARD · title CIO & PORTFOLIO MANAGER → CIO
  • ChangedSTIKER, EDWARD, SMITH · title SENIOR MANAGING PARTNER → SENIOR MANAGING PARTNER, HEAD OF CLIENT RELATIONS & CAPITAL MARKETS
Mar 31, 2022 filing
  • AddedKERN, JASON, BLAIR · PRESIDENT OF INVESTMENT MANAGEMENT · Less than 5% · control person
Mar 27, 2020 filing
  • No longer listedCOHEN, BRUCE, ROBERT · SENIOR MANAGING PARTNER · Less than 5% · control person · listed since Nov 2018
  • AddedCIOPS CONSOLIDATED HOLDINGS, LLC · MEMBER · 25–50% · indirect via CORTLAND HOLDINGS, LLC · control person
  • AddedCORTLAND ASSOCIATES, LLC · MEMBER · 25–50% · indirect via CIOPS CONSOLIDATED HOLDINGS, LLC · control person
  • AddedDEFRANCIS, STEVEN, JOEL · MANAGER · General partner, trustee or manager · indirect via CIOPS CONSOLIDATED HOLDINGS, LLC · control person
  • AddedSTIKER, EDWARD, SMITH · SENIOR MANAGING PARTNER · Less than 5% · control person
  • ChangedTHE KENJACK TRUST · indirect via CORTLAND HOLDINGS, LLC: ownership 75% or more → 50–75%
Dec 13, 2018 filing (earliest on record)
  • ListedALTMAN, MICHAEL, EDWARD · CIO & PORTFOLIO MANAGER · Less than 5% · control person
  • ListedCOHEN, BRUCE, ROBERT · SENIOR MANAGING PARTNER · Less than 5% · control person
  • ListedCORTLAND HOLDINGS, LLC · MANAGER, SOLE MEMBER · 75% or more · control person
  • ListedDEFRANCIS, STEVEN, JOEL · CEO · Less than 5% · control person
  • ListedDEFRANCIS, STEVEN, JOEL · MANAGER · General partner, trustee or manager · indirect via CORTLAND HOLDINGS, LLC · control person
  • ListedDICKSON, DAVID, MARTIN · CFO · Less than 5% · control person
  • ListedENICK, MICHELLE, CERRONE · TRUSTEE · General partner, trustee or manager · indirect via THE KENJACK TRUST · control person
  • ListedGRAHAM, CHRISTOPHER, TODD · TRUSTEE · General partner, trustee or manager · indirect via THE KENJACK TRUST · control person
  • ListedMAY, COREY, BRENDAN · CCO & GENERAL COUNSEL · Less than 5% · control person
  • ListedMAY, COREY, BRENDAN · TRUSTEE · General partner, trustee or manager · indirect via THE KENJACK TRUST · control person
  • ListedTHE KENJACK TRUST · MEMBER · 75% or more · indirect via CORTLAND HOLDINGS, LLC · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

CORTLAND ASSOCIATES INC/MO Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VISA INC V 92826C839 $54.3M 7.86% 158,392 SH
2 AMAZON.COM INC AMZN 023135106 $51.2M 7.41% 215,016 SH
3 BOOKING HOLDINGS INC BKNG 09857L108 $51.1M 7.39% 286,968 SH
4 WILLIS TOWERS WATSON WTW G96629103 $45.6M 6.59% 174,446 SH
5 RYANAIR HOLDINGS PLC SPONSORED RYAAY 783513203 $42.3M 6.11% 652,808 SH
6 PHILIP MORRIS INTL INC PM 718172109 $34.7M 5.02% 191,866 SH
7 CIGNA GROUP CI 125523100 $32.1M 4.64% 116,495 SH
8 LANDBRIDGE COMPANY LLC CL A LB 514952100 $30.5M 4.40% 384,317 SH
9 DANAHER CORP DHR 235851102 $30.0M 4.33% 157,363 SH
10 ALPHABET INC CLASS C GOOG 02079K107 $28.5M 4.12% 80,721 SH
11 KKR & CO LP KKR 48251W104 $25.2M 3.64% 274,368 SH
12 FIRST CTZNS BANCSHARES CL A FCNCA 31946M103 $23.9M 3.46% 11,498 SH
13 BECTON DICKINSON & CO BDX 075887109 $22.5M 3.26% 148,992 SH
14 ALPHABET INC CLASS A GOOGL 02079K305 $21.6M 3.12% 60,471 SH
15 KYNDRYL HLDGS INC COMMON STOCK KD 50155Q100 $19.9M 2.88% 1,762,090 SH
16 META PLATFORMS INC META 30303M102 $18.0M 2.60% 31,886 SH
17 FIRST ADVANTAGE CORP FA 31846B108 $15.9M 2.30% 881,185 SH
18 INTERCONTINENTAL EXCHANGE ICE 45866F104 $14.7M 2.12% 119,011 SH
19 MC KESSON CORP MCK 58155Q103 $13.5M 1.95% 17,887 SH
20 CAPITAL ONE FINANCIAL COF 14040H105 $12.8M 1.85% 63,722 SH
21 TEXAS PACIFIC LAND CORP TPL 88262P102 $12.2M 1.77% 27,906 SH
22 AIRBUS SE UNSPONSORED ADR EADSY 009279100 $11.6M 1.68% 208,448 SH
23 BROWN & BROWN INC COM BRO 115236101 $11.5M 1.66% 178,632 SH
24 BLUE OWL CAPITAL INC COM CL A OWL 09581B103 $11.2M 1.62% 1,280,899 SH
25 TENCENT HLDGS LTD ADR TCEHY 88032Q109 $10.5M 1.52% 190,852 SH
26 ARES MANAGEMENT CORP ARES 03990B101 $10.0M 1.45% 90,028 SH
27 APPLE INC AAPL 037833100 $6.6M 0.96% 22,911 SH
28 BERKSHIRE HATHAWAY INC (D BRK.A 084670108 $3.7M 0.54% 5 SH
29 IDEXX LABS INC IDXX 45168D104 $2.7M 0.39% 5,149 SH
30 BERKSHIRE HATHAWAY B NEW CLASS BRK.B 084670702 $2.4M 0.35% 4,821 SH
31 MICROSOFT CORP MSFT 594918104 $2.3M 0.33% 6,102 SH
32 CATERPILLAR INC CAT 149123101 $2.2M 0.32% 2,091 SH
33 S&P 500 INDEX IVV 464287200 $1.7M 0.25% 2,287 SH
34 SHERWIN-WILLIAMS SHW 824348106 $1.3M 0.19% 3,900 SH
35 ISHARES TR RUSSELL 1000 RUSSEL IWB 464287622 $1.2M 0.18% 3,038 SH
36 ISHARES TR DJ TOTAL MKT US TOT IYY 464287846 $1.2M 0.17% 6,502 SH
37 FRANCO NEV CORP COM FNV 351858105 $823.0K 0.12% 3,946 SH
38 CISCO SYSTEMS INC CSCO 17275R102 $796.0K 0.12% 6,773 SH
39 ALTRIA GROUP INC COM MO 02209S103 $788.0K 0.11% 10,948 SH
40 I SHARES RUSL 2000 IWM 464287655 $649.0K 0.09% 2,160 SH
41 PROCTER & GAMBLE PG 742718109 $633.0K 0.09% 4,319 SH
42 CTT CORREIOS DE PORTUG SHS CTTOF X1R05J122 $561.0K 0.08% 84,925 SH
43 PEMBINA PIPELINE CORP F PBA 706327103 $552.0K 0.08% 11,939 SH
44 MERCK & CO INC NEW MRK 58933Y105 $477.0K 0.07% 3,711 SH
45 SPDR S&P MIDCAP 400 ETF MDY 78467Y107 $437.0K 0.06% 621 SH
46 ISHARES TR MSCI EAFE FD MSCI E EFA 464287465 $431.0K 0.06% 4,151 SH
47 DEERE & CO DE 244199105 $384.0K 0.06% 606 SH
48 JOHNSON & JOHNSON JNJ 478160104 $378.0K 0.05% 1,490 SH
49 BROOKFIELD CORP BN 11271J107 $377.0K 0.05% 8,851 SH
50 CUMMINS INC CMI 231021106 $375.0K 0.05% 526 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-28 $691.8M 62 0001140361-26-029848
2026-03-31 2026-04-30 $696.8M 62 0001140361-26-018075
2025-12-31 2026-01-28 $792.1M 64 0001140361-26-002617
Filer Information
Address
8000 MARYLAND AVE
SUITE 730
ST LOUIS, MO 63105
Phone
(314) 726-6164
Filing Manager
CORTLAND ASSOCIATES INC/MO
ST LOUIS, MO
Signatory
Thomas Podlesny
COO/CCO