# EDGAR Filing Document

**Accession Number:** 0001014315
**File Stem:** 0001140361-25-026872
**Filing Date:** 2025-7
**Character Count:** 9559
**Document Hash:** cd67ba49dae79eff08c205c5f49e5ad4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-026872.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001140361-25-026872

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**EFFECTIVENESS DATE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CORTLAND ASSOCIATES INC/MO
- **CENTRAL INDEX KEY:** 0001014315
- **ORGANIZATION NAME:** AD 09 Branch 9B
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MO

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05546
- **FILM NUMBER:** 251142131

**BUSINESS ADDRESS:**
- **STREET 1:** 8000 MARYLAND AVE
- **STREET 2:** SUITE 730
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** 3147266164

**MAIL ADDRESS:**
- **STREET 1:** 8000 MARYLAND AVE
- **STREET 2:** SUITE 730
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63105

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CORTLAND ASSOCIATES INC/MO<br>**Address:** 8000 MARYLAND AVE<br>SUITE 730<br>ST LOUIS, MO 63105

**Form 13F File Number:** 028-05546

**CRD Number (if applicable):** 000104681

**SEC File Number (if applicable):** 801-34183

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Thomas Podlesny<br>**Title:** COO/CCO<br>**Phone:** 314-726-6164

**Signature, Place, and Date of Signing:**

/s/ Thomas Podlesny  St. Louis, MO  07-22-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 59

**Form 13F Information Table Value Total:** $856830000

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADT INC DEL COM | com | 00090Q103 |  | 277000 | 32649 | SH |  | SOLE |  | 0 | 0 | 32649 |
| ALPHABET INC CLASS A | com | 02079K305 |  | 34653000 | 196636 | SH |  | SOLE |  | 57760 | 0 | 138876 |
| ALPHABET INC CLASS C | com | 02079K107 |  | 32908000 | 185511 | SH |  | SOLE |  | 83718 | 0 | 101793 |
| ALTRIA GROUP INC COM | com | 02209S103 |  | 1093000 | 18642 | SH |  | SOLE |  | 16624 | 0 | 2018 |
| AMAZON.COM INC | com | 023135106 |  | 52301000 | 238391 | SH |  | SOLE |  | 85760 | 0 | 152631 |
| APPLE INC | com | 037833100 |  | 6083000 | 29647 | SH |  | SOLE |  | 9646 | 0 | 20000 |
| BERKSHIRE HATHAWAY B NEW CLASS | com | 084670702 |  | 3617000 | 7446 | SH |  | SOLE |  | 5370 | 0 | 2076 |
| BERKSHIRE HATHAWAY INC (D | com | 084670108 |  | 10203000 | 14 | SH |  | SOLE |  | 1 | 0 | 13 |
| BLUE OWL CAPITAL INC COM CL A | com | 09581B103 |  | 38606000 | 2009681 | SH |  | SOLE |  | 747221 | 0 | 1262461 |
| BOOKING HOLDINGS INC | com | 09857L108 |  | 59043000 | 10199 | SH |  | SOLE |  | 3772 | 0 | 6427 |
| BROOKFIELD CORP | com | 11271J107 |  | 365000 | 5902 | SH |  | SOLE |  | 0 | 0 | 5902 |
| CATERPILLAR INC | com | 149123101 |  | 991000 | 2552 | SH |  | SOLE |  | 985 | 0 | 1567 |
| CIGNA GROUP | com | 125523100 |  | 41844000 | 126577 | SH |  | SOLE |  | 47211 | 0 | 79366 |
| CISCO SYSTEMS INC | com | 17275R102 |  | 417000 | 6013 | SH |  | SOLE |  | 0 | 0 | 6013 |
| COSTAR GROUP INC | com | 22160N109 |  | 15385000 | 191354 | SH |  | SOLE |  | 70390 | 0 | 120964 |
| CTT CORREIOS DE PORTUG SHS | com | X1R05J122 |  | 756000 | 84925 | SH |  | SOLE |  | 11075 | 0 | 73850 |
| CUMMINS INC | com | 231021106 |  | 305000 | 932 | SH |  | SOLE |  | 826 | 0 | 106 |
| DANAHER CORP | com | 235851102 |  | 34031000 | 172273 | SH |  | SOLE |  | 60547 | 0 | 111726 |
| DEERE  CO | com | 244199105 |  | 308000 | 606 | SH |  | SOLE |  | 341 | 0 | 265 |
| EQUIFAX INC | com | 294429105 |  | 12057000 | 46485 | SH |  | SOLE |  | 17145 | 0 | 29340 |
| FIRST ADVANTAGE CORP | com | 31846b108 |  | 22056000 | 1327850 | SH |  | SOLE |  | 495528 | 0 | 832322 |
| FIRST CTZNS BANCSHARES CL A | com | 31946M103 |  | 54628000 | 27922 | SH |  | SOLE |  | 10139 | 0 | 17783 |
| FISERV INC | com | 337738108 |  | 52644000 | 305341 | SH |  | SOLE |  | 112559 | 0 | 192782 |
| FRANCO NEV CORP COM | com | 351858105 |  | 647000 | 3946 | SH |  | SOLE |  | 28 | 0 | 3918 |
| HOME DEPOT INC | com | 437076102 |  | 259000 | 706 | SH |  | SOLE |  | 532 | 0 | 174 |
| I SHARES RUSL 2000 | com | 464287655 |  | 203000 | 943 | SH |  | SOLE |  | 220 | 0 | 723 |
| IDEXX LABS INC | com | 45168D104 |  | 3044000 | 5675 | SH |  | SOLE |  | 2063 | 0 | 3612 |
| INTERCONTINENTAL EXCHANGE | com | 45866f104 |  | 10176000 | 55463 | SH |  | SOLE |  | 20400 | 0 | 35063 |
| ISHARES MSCI GWTH IDX FD | com | 464288885 |  | 293000 | 2614 | SH |  | SOLE |  | 800 | 0 | 1814 |
| ISHARES TR DJ TOTAL MKT US TOT | com | 464287846 |  | 981000 | 6502 | SH |  | SOLE |  | 3000 | 0 | 3502 |
| ISHARES TR MSCI EAFE FD MSCI E | com | 464287465 |  | 330000 | 3687 | SH |  | SOLE |  | 310 | 0 | 3377 |
| ISHARES TR RUSSELL 1000 RUSSEL | com | 464287622 |  | 1032000 | 3038 | SH |  | SOLE |  | 1350 | 0 | 1688 |
| JD.COM INC | com | 47215P106 |  | 17270000 | 529091 | SH |  | SOLE |  | 196358 | 0 | 332733 |
| JOHNSON  JOHNSON | com | 478160104 |  | 307000 | 2012 | SH |  | SOLE |  | 880 | 0 | 1132 |
| KELLANOVA | com | 487836108 |  | 215000 | 2705 | SH |  | SOLE |  | 2174 | 0 | 531 |
| KKR  CO LP | com | 48251W104 |  | 30514000 | 229379 | SH |  | SOLE |  | 84336 | 0 | 145043 |
| KYNDRYL HLDGS INC COMMON STOCK | com | 50155Q100 |  | 63457000 | 1512331 | SH |  | SOLE |  | 553216 | 0 | 959115 |
| LANDBRIDGE COMPANY LLC CL A | com | 514952100 |  | 10247000 | 151631 | SH |  | SOLE |  | 55706 | 0 | 95925 |
| MERCK  CO INC NEW | com | 58933y105 |  | 448000 | 5663 | SH |  | SOLE |  | 4722 | 0 | 941 |
| MICROSOFT CORP | com | 594918104 |  | 3314000 | 6663 | SH |  | SOLE |  | 584 | 0 | 6079 |
| MONDELEZ INTL INC | com | 609207105 |  | 696000 | 10314 | SH |  | SOLE |  | 8978 | 0 | 1336 |
| NVIDIA CORP | com | 67066G104 |  | 328000 | 2077 | SH |  | SOLE |  | 170 | 0 | 1907 |
| PAYPAL HOLDINGS INC | com | 70450Y103 |  | 17978000 | 241894 | SH |  | SOLE |  | 90448 | 0 | 151446 |
| PEMBINA PIPELINE CORP F | com | 706327103 |  | 448000 | 11939 | SH |  | SOLE |  | 5787 | 0 | 6152 |
| PEPSICO INCORPORATED | com | 713448108 |  | 217000 | 1640 | SH |  | SOLE |  | 1568 | 0 | 72 |
| PHILIP MORRIS INTL INC | com | 718172109 |  | 26238000 | 144061 | SH |  | SOLE |  | 59061 | 0 | 85000 |
| PROCTER  GAMBLE | com | 742718109 |  | 1093000 | 6862 | SH |  | SOLE |  | 6005 | 0 | 857 |
| PROGRESSIVE CORP OHIO | com | 743315103 |  | 460000 | 1724 | SH |  | SOLE |  | 0 | 0 | 1724 |
| RICHARDS PACKAGING | com | 763102100 |  | 392000 | 16300 | SH |  | SOLE |  | 0 | 0 | 16300 |
| RYANAIR HOLDINGS PLC SPONSORED | com | 783513203 |  | 40636000 | 704638 | SH |  | SOLE |  | 265660 | 0 | 438977 |
| S 100 INDEX | com | 464287101 |  | 213000 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| S 500 INDEX | com | 464287200 |  | 1155000 | 1860 | SH |  | SOLE |  | 58 | 0 | 1802 |
| SHERWIN-WILLIAMS | com | 824348106 |  | 1339000 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| SPDR S MIDCAP 400 ETF | com | 78467Y107 |  | 308000 | 544 | SH |  | SOLE |  | 58 | 0 | 486 |
| TENCENT HLDGS LTD ADR | com | 88032Q109 |  | 13255000 | 205499 | SH |  | SOLE |  | 78238 | 0 | 127261 |
| TEXAS PACIFIC LAND CORP | com | 88262P102 |  | 15674000 | 14837 | SH |  | SOLE |  | 5424 | 0 | 9414 |
| UNION PACIFIC CORP | com | 907818108 |  | 254000 | 1103 | SH |  | SOLE |  | 300 | 0 | 803 |
| VISA INC | com | 92826C839 |  | 60453000 | 170266 | SH |  | SOLE |  | 61930 | 0 | 108336 |
| WILLIS TOWERS WATSON | com | G96629103 |  | 58385000 | 190489 | SH |  | SOLE |  | 70060 | 0 | 120430 |

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