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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
-12.49%
1 Year Est. Return
+36.62%
3 Year Est. Return
+108.19%
5 Year Est. Return
+137.76%
10 Year Est. Return
–
AUM
$1.14B
AUM Growth
-$248M
Cap. Flow
-$66.5M
Cap. Flow %
-5.84%
Top 10 Hldgs %
25.87%
Holding
266
New
45
Increased
38
Reduced
60
Closed
43
Avg Time Held
1.3 years
Top 10 Avg Time Held
1 year
Top 20 Avg Time Held
1.3 years

Top Buys

Rank Stock Value
1
XOM icon
ExxonMobil
XOM
+$10.4M
2
MRK icon
Merck
MRK
+$10.3M
3
PG icon
Procter & Gamble
PG
+$7.15M
4
CSCO icon
Cisco
CSCO
+$6.86M
5
NKE icon
Nike
NKE
+$4.86M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$13.6M
2
META icon
Meta Platforms (Facebook)
META
+$10.4M
3
ORCL icon
Oracle
ORCL
+$10.2M
4
MO icon
Altria Group
MO
+$9.05M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$8.09M

Sector Composition

Rank Sector Weight
1 Miscellaneous 18.74%
2 Technology 14.48%
3 Healthcare 14%
4 Financials 13.77%
5 Communication Services 9.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TROW icon
251
T. Rowe Price
TROW
$21.6B
– –
-10,000
Closed -$1.09M –
TSN icon
252
Tyson Foods
TSN
$19B
– –
-30,000
Closed -$1.79M –
VRTX icon
253
Vertex Pharmaceuticals
VRTX
$129B
– –
-9,000
Closed -$1.74M –
VVR icon
254
Invesco Senior Income Trust
VVR
$437M
– –
-54,632
Closed -$235K –
WDC icon
255
Western Digital
WDC
$133B
– –
-37,044
Closed -$1.64M –
PXD icon
256
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-2,000
Closed -$348K –
KMF
257
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
– –
-108,479
Closed -$1.39M –
EXD
258
DELISTED
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
– –
-66,005
Closed -$580K –
CXO
259
DELISTED
CONCHO RESOURCES INC.
CXO
– –
-11,100
Closed -$1.7M –
TTP
260
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
– –
-14,344
Closed -$993K –
INB
261
DELISTED
Cohen & Steers Global Income Builder, Inc.
INB
– –
-77,276
Closed -$720K –
ESRX
262
DELISTED
Express Scripts Holding Company
ESRX
– –
-35,000
Closed -$3.33M –
AET
263
DELISTED
Aetna Inc
AET
– –
-25,000
Closed -$5.07M –
LDF
264
DELISTED
Latin American Discovery Fund
LDF
– –
-76,461
Closed -$849K –
PX icon
265
DELISTED
Praxair Inc
PX
– –
-12,000
Closed -$1.93M –
JRO
266
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
– –
-44,856
Closed -$462K –
7 8 9 10
11

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Cornerstone Advisors's Q4 2018 Portfolio in Review

As of Q4 2018, Cornerstone Advisors held 266 positions worth $1.14B, down 18% from $1.39B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Cornerstone Advisors withdrew a net $66.5M in Q4 2018, closing 43 positions and reducing 60 holdings. Its most notable exit was AbbVie, an estimated $13.6M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Cornerstone Advisors opened a new position in Merck worth $10.6M.

  • Cornerstone Advisors's largest Q4 2018 buy was Merck: 145,462 shares worth $10.6M.
  • Cornerstone Advisors added most to ExxonMobil in Q4 2018, an estimated $10.4M increase.
  • Cornerstone Advisors's biggest Q4 2018 reduction was Meta Platforms (Facebook), cutting an estimated $10.4M.
  • Cornerstone Advisors fully exited AbbVie in Q4 2018, selling an estimated $13.6M.
  • Cornerstone Advisors's ten largest holdings make up 26% of its $1.14B portfolio in Q4 2018.
  • Cornerstone Advisors opened 45 new positions and closed 43 in Q4 2018.
  • Cornerstone Advisors's portfolio value fell 18% quarter-over-quarter to $1.14B.

Based on Cornerstone Advisors's 13F filing for Q4 2018, filed 12 Feb 2019.