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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
(+18%)
Cap. Flow
+$53M
Cap. Flow
% of AUM
10.55%
Top 10 Holdings %
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 |
iShares Core S&P 500 ETF
IVV
|
+$6.89M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.84M |
| 3 |
Apple
AAPL
|
+$4.17M |
| 4 |
Wells Fargo
WFC
|
+$3.17M |
| 5 |
CTR
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
|
+$3.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Calamos Strategic Total Return Fund
CSQ
|
+$4.44M |
| 2 |
BlackRock Enhanced Global Dividend Trust
BOE
|
+$2.97M |
| 3 |
Reaves Utility Income Fund
UTG
|
+$2.35M |
| 4 |
BlackRock Enhanced Equity Dividend Trust
BDJ
|
+$2.34M |
| 5 |
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 | |
|---|---|---|---|---|---|---|---|
201
Ecolab
ECL
$81.5B
| $501K | 0.1% |
4,500
| – | – |
2013 Q2
4 quarters
|
|
|
LCM
202
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
| $487K | 0.1% |
47,292
-24,259
| -34% | -$245K |
2013 Q2
4 quarters
|
|
203
Northrop Grumman
NOC
$71B
| $479K | 0.1% |
4,000
+2,000
| +100% | +$242K |
2013 Q4
2 quarters
|
|
204
Valero Energy
VLO
$128B
| $476K | 0.09% |
9,500
+2,000
| +27% | +$110K |
2013 Q4
2 quarters
|
|
205
Corning
GLW
$119B
| $461K | 0.09% |
21,000
| – | – |
2013 Q3
3 quarters
|
|
206
FedEx
FDX
$69.9B
| $454K | 0.09% |
3,000
| – | – |
2014 Q1
1 quarter
|
|
207
Air Products & Chemicals
APD
$66B
| $450K | 0.09% |
3,784
| – | – |
2013 Q2
4 quarters
|
|
208
American Electric Power
AEP
$67.7B
| $446K | 0.09% |
+8,000
| New | +$422K |
2014 Q2
0 quarters
|
|
209
DELISTED
SunTrust Banks, Inc.
STI
| $441K | 0.09% |
11,000
| – | – |
2013 Q2
4 quarters
|
|
210
Fifth Third Bancorp
FITB
$45.7B
| $438K | 0.09% |
20,500
| – | – |
2013 Q4
2 quarters
|
|
211
John Hancock Tax-Advantaged Dividend Income Fund
HTD
$787M
| $430K | 0.09% |
+20,529
| New | +$418K |
2014 Q2
0 quarters
|
|
212
Public Service Enterprise Group
PEG
$35B
| $428K | 0.09% |
10,500
| – | – |
2013 Q2
4 quarters
|
|
213
John Hancock Preferred Income Fund
HPI
$357M
| $418K | 0.08% |
20,317
-22,867
| -53% | -$463K |
2014 Q1
1 quarter
|
|
214
Cigna
CI
$79B
| $414K | 0.08% |
4,500
| – | – |
2013 Q2
4 quarters
|
|
|
KST
215
DELISTED
Deutsche Strategic Income Trust
KST
| $392K | 0.08% |
30,461
+17,267
| +131% | +$221K |
2014 Q1
1 quarter
|
|
|
CXE
216
DELISTED
MFS High Income Municipal Trust
CXE
| $386K | 0.08% |
80,647
+5,500
| +7% | +$26.5K |
2013 Q3
3 quarters
|
|
217
Boeing
BA
$149B
| $382K | 0.08% |
3,000
| – | – |
2013 Q3
3 quarters
|
|
218
T. Rowe Price
TROW
$21.6B
| $380K | 0.08% |
4,500
| – | – |
2013 Q4
2 quarters
|
|
219
GDL Fund
GDL
$89.3M
| $378K | 0.08% |
+34,778
| New | +$382K |
2014 Q2
0 quarters
|
|
|
JTD
220
DELISTED
NUVEEN TAX-ADVANTAGE DIVIDEND GROWTH FUND
JTD
| $369K | 0.07% |
22,622
+4,300
| +23% | +$68.4K |
2014 Q1
1 quarter
|
|
221
International Paper
IP
$18.1B
| $368K | 0.07% |
7,817
| – | – |
2013 Q3
3 quarters
|
|
222
Weyerhaeuser
WY
$14B
| $364K | 0.07% |
11,000
| – | – |
2013 Q2
4 quarters
|
|
223
PPL Corp
PPL
$25.9B
| $355K | 0.07% |
10,737
| – | – |
2013 Q4
2 quarters
|
|
224
Eaton Vance Senior Income Trust
EVF
$87.2M
| $350K | 0.07% |
+51,452
| New | +$350K |
2014 Q2
0 quarters
|
|
|
SBW
225
DELISTED
Western Asset Worldwide Income
SBW
| $348K | 0.07% |
26,473
-13,979
| -35% | -$179K |
2013 Q4
2 quarters
|
|
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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.