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Cornerstone Advisors Portfolio holdings

AUM $3.04B Turnover 28.46%
1-Year Est. Return 36.62%
This Fund
S&P 500
This Quarter Est. Return
+5.92%
1 Year Est. Return
+36.62%
3 Year Est. Return
+108.19%
5 Year Est. Return
+137.76%
10 Year Est. Return
–
AUM
$503M
AUM Growth
+$77.8M
Cap. Flow
+$53M
Cap. Flow %
10.55%
Top 10 Hldgs %
21.03%
Holding
293
New
27
Increased
86
Reduced
48
Closed
33
Avg Time Held
0.7 years
Top 10 Avg Time Held
0.4 years
Top 20 Avg Time Held
0.5 years

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$6.89M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$6.84M
3
AAPL icon
Apple
AAPL
+$4.17M
4
WFC icon
Wells Fargo
WFC
+$3.17M
5
CTR
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
+$3.09M

Top Sells

Rank Stock Value
1
CSQ icon
Calamos Strategic Total Return Fund
CSQ
+$4.44M
2
BOE icon
BlackRock Enhanced Global Dividend Trust
BOE
+$2.97M
3
UTG icon
Reaves Utility Income Fund
UTG
+$2.35M
4
BDJ icon
BlackRock Enhanced Equity Dividend Trust
BDJ
+$2.34M
5
MDT icon
Medtronic
MDT
+$1.72M

Sector Composition

Rank Sector Weight
1 Miscellaneous 51.65%
2 Financials 11.91%
3 Technology 8.5%
4 Healthcare 5.84%
5 Communication Services 5.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
VLT icon
251
Invesco High Income Trust II
VLT
$57.8M
$193K 0.04%
11,284
-2,038
-15% -$34.4K
2014 Q1
1 quarter
GLO icon
252
Clough Global Opportunities Fund
GLO
$233M
$186K 0.04%
+14,316
New +$181K
2014 Q2
0 quarters
SABA icon
253
Saba Capital Income & Opportunities Fund II
SABA
$205M
$185K 0.04%
+11,200
New +$179K
2014 Q2
0 quarters
TLI
254
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$146K 0.03%
+12,170
New +$145K
2014 Q2
0 quarters
FTT
255
DELISTED
FEDERATED ENHANCED TREAS INCM FD COM BEN INTEREST
FTT
$145K 0.03%
10,774
-17,085
-61% -$231K
2013 Q2
4 quarters
MFM icon
256
Aberdeen Municipal Income Fund
MFM
$205M
$137K 0.03%
+20,820
New +$137K
2014 Q2
0 quarters
FGB
257
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$133K 0.03%
16,439
-3,775
-19% -$29K
2014 Q1
1 quarter
CIF
258
DELISTED
MFS Intermediate High Income Fund
CIF
$114K 0.02%
38,669
– –
2013 Q3
3 quarters
CMU
259
DELISTED
MFS High Yield Municipal Trust
CMU
$48K 0.01%
+11,000
New +$48.6K
2014 Q2
0 quarters
CHW icon
260
Calamos Global Dynamic Income Fund
CHW
$508M
– –
-127,331
Closed -$1.15M –
CSQ icon
261
Calamos Strategic Total Return Fund
CSQ
$3.22B
– –
-399,277
Closed -$4.44M –
CVX icon
262
Chevron
CVX
$430B
– –
-6,732
Closed -$801K –
EDF icon
263
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$143M
– –
-59,634
Closed -$1.1M –
EMR icon
264
Emerson Electric
EMR
$90.4B
– –
-16,000
Closed -$1.07M –
EOT icon
265
Eaton Vance National Municipal Opportunities Trust
EOT
$241M
– –
-11,017
Closed -$214K –
FAX icon
266
abrdn Asia-Pacific Income Fund
FAX
$530M
– –
-13,500
Closed -$495K –
FCO
267
DELISTED
abrdn Global Income Fund
FCO
– –
-26,984
Closed -$294K –
GGN icon
268
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$819M
– –
-148,664
Closed -$1.48M –
HIO icon
269
Western Asset High Income Opportunity Fund
HIO
$306M
– –
-16,097
Closed -$97K –
HPF icon
270
John Hancock Preferred Income Fund II
HPF
$281M
– –
-24,743
Closed -$494K –
IAE
271
DELISTED
Voya Asia Pacific High Dividend Equity Income Fund
IAE
– –
-71,672
Closed -$912K –
IDE icon
272
Voya Infrastructure, Industrials and Materials Fund
IDE
$185M
– –
-18,601
Closed -$327K –
IFN icon
273
Aberdeen India Fund
IFN
$463M
– –
-27,192
Closed -$627K –
ISD icon
274
PGIM High Yield Bond Fund
ISD
$384M
– –
-34,731
Closed -$628K –
LDP icon
275
Cohen & Steers Duration Preferred & Income Fund
LDP
$552M
– –
-8,922
Closed -$212K –
8 9 10
11
12

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Cornerstone Advisors's Q2 2014 Portfolio in Review

As of Q2 2014, Cornerstone Advisors held 293 positions worth $503M, up 18% from $425M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Cornerstone Advisors deployed $53M of net new capital in Q2 2014, opening 27 new positions and adding to 86 existing holdings. Its largest new stake was LyondellBasell Industries: 15,000 shares worth $1.47M.

By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 49% a quarter earlier, followed by Financials and Technology.

On the sell side, the largest reduction was BlackRock Enhanced Global Dividend Trust, an estimated $2.97M trimmed.

  • Cornerstone Advisors's largest Q2 2014 buy was LyondellBasell Industries: 15,000 shares worth $1.47M.
  • Cornerstone Advisors added most to iShares Core S&P 500 ETF in Q2 2014, an estimated $6.89M increase.
  • Cornerstone Advisors's biggest Q2 2014 reduction was BlackRock Enhanced Global Dividend Trust, cutting an estimated $2.97M.
  • Cornerstone Advisors fully exited Calamos Strategic Total Return Fund in Q2 2014, selling an estimated $4.44M.
  • Cornerstone Advisors's ten largest holdings make up 21% of its $503M portfolio in Q2 2014.
  • Cornerstone Advisors opened 27 new positions and closed 33 in Q2 2014.
  • Cornerstone Advisors's portfolio value rose 18% quarter-over-quarter to $503M.

Based on Cornerstone Advisors's 13F filing for Q2 2014, filed 12 Aug 2014.