Cornerstone Advisors Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Morgan Stanley China A Share Fund
CAF
|
+$11.4M |
| 2 |
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
|
+$9.52M |
| 3 |
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
|
+$5.28M |
| 4 |
BlackRock Enhanced Global Dividend Trust
BOE
|
+$4.65M |
| 5 |
Gabelli Equity Trust
GAB
|
+$4.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
|
+$4.77M |
| 2 |
JMF
NUVEEN ENERGY MLP TOTAL RETURN FUND
JMF
|
+$3.66M |
| 3 |
Citigroup
C
|
+$3.3M |
| 4 |
Eaton Vance Floating-Rate Income Trust
EFT
|
+$2.75M |
| 5 |
ClearBridge Energy Midstream Opportunity Fund
EMO
|
+$2.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 54.96% |
| 2 | Financials | 8.5% |
| 3 | Technology | 7.6% |
| 4 | Healthcare | 6.96% |
| 5 | Communication Services | 5.61% |
Similar funds
Cornerstone Advisors's Q1 2015 Portfolio in Review
As of Q1 2015, Cornerstone Advisors held 277 positions worth $484M, down 3.5% from $502M the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Cornerstone Advisors withdrew a net $18.9M in Q1 2015, closing 36 positions and reducing 67 holdings. Its most notable exit was FIRST TRUST MLP AND ENERGY INCOME FUND, an estimated $4.77M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, up from 54% a quarter earlier, followed by Financials and Technology.
Against the trend, Cornerstone Advisors opened a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund worth $5.29M.
- Cornerstone Advisors's largest Q1 2015 buy was Eaton Vance Risk-Managed Diversified Equity Income Fund: 488,928 shares worth $5.29M.
- Cornerstone Advisors added most to Morgan Stanley China A Share Fund in Q1 2015, an estimated $11.4M increase.
- Cornerstone Advisors's biggest Q1 2015 reduction was NUVEEN ENERGY MLP TOTAL RETURN FUND, cutting an estimated $3.66M.
- Cornerstone Advisors fully exited FIRST TRUST MLP AND ENERGY INCOME FUND in Q1 2015, selling an estimated $4.77M.
- Cornerstone Advisors's ten largest holdings make up 26% of its $484M portfolio in Q1 2015.
- Cornerstone Advisors opened 16 new positions and closed 36 in Q1 2015.
- Cornerstone Advisors's portfolio value fell 3.5% quarter-over-quarter to $484M.
Based on Cornerstone Advisors's 13F filing for Q1 2015, filed 11 May 2015.