Institutions / Cortland Advisers LLC

Cortland Advisers LLC

CIK 1568990 · Institution · as of Dec 31, 2014

Portfolio value

$4.43B

Positions

As of

Dec 31, 2014

Holdings

Dec 31, 2014

Company	Class	Value	Shares	% of portfolio
Kinder Morgan, Inc.KMI	common	$440.73M	10,416,472	10.0%
Bank of New York Mellon CorpBK	common	$367.16M	9,050,000	8.3%
Enterprise Products Partners L PEPD	unit	$339.52M	9,400,000	7.7%
Wells Fargo & COMPANY/MNWFC	common	$301.51M	5,500,000	6.8%
Berkshire Hathaway IncBRK-A	common	$300.30M	2,000,000	6.8%
Chevron CorpCVX	common	$280.45M	2,500,000	6.3%
Schlumberger Ltd /NvSLB	common	$273.31M	3,200,000	6.2%
Cme Group Inc.CME	common	$265.95M	3,000,000	6.0%
State Street CorpSTT	common	$243.68M	3,104,206	5.5%
American International Group IncAIG	common	$226.99M	4,052,602	5.1%
Verizon Communications IncVZ	common	$187.12M	4,000,000	4.2%
US Bancorp \DeUSB	common	$179.80M	4,000,000	4.1%
Suncor Energy Inc	common	$161.13M	5,070,000	3.6%
Zions Bancorporation, N.A.	common	$142.55M	5,000,000	3.2%
Phillips 66PSX	common	$105.02M	1,464,724	2.4%
Aon PLC	common	$94.83M	1,000,000	2.1%
Intercontinental Exchange, Inc.ICE	common	$87.72M	400,000	2.0%
Affiliated Managers Group, Inc.AMG	common	$84.89M	400,000	1.9%
Crown Castle International CorpCCI	common	$78.70M	1,000,000	1.8%
Southwestern Energy Co	common	$65.50M	2,400,000	1.5%
ConocophillipsCOP	common	$62.15M	900,000	1.4%
JPMorgan Chase & CoJPM	common	$50.06M	800,000	1.1%
Southern CoSO	common	$49.11M	1,000,000	1.1%
Exxon Mobil CorpXOM	common	$36.98M	400,000	0.8%

Activity

Dec 31, 2014

InsidersInstitutions

This fund's quarter-over-quarter position changes — what it's buying and selling.

No quarter-over-quarter changes yet. Position changes appear once we have two consecutive quarterly reports for this manager. We currently hold 1 quarter of holdings.