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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
+0.96%
1 Year Est. Return
+36.62%
3 Year Est. Return
+108.19%
5 Year Est. Return
+137.76%
10 Year Est. Return
–
AUM
$484M
AUM Growth
-$17.5M
(-3.5%)
Cap. Flow
-$18.9M
Cap. Flow
% of AUM
-3.89%
Top 10 Holdings %
Top 10 Hldgs %
25.51%
Holding
277
New
16
Increased
42
Reduced
67
Closed
36
Avg Time Held
1.2
years
Top 10 Avg Time Held
0.8
years
Top 20 Avg Time Held
0.8
years
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% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
201
Xcel Energy
XEL
$46.9B
| $331K | 0.07% |
9,500
| – | – |
2013 Q2
7 quarters
|
|
202
Waste Management
WM
$89.6B
| $325K | 0.07% |
6,000
| – | – |
2013 Q2
7 quarters
|
|
|
JEQ
203
DELISTED
abrdn Japan Equity Fund
JEQ
| $322K | 0.07% |
39,782
+13,145
| +49% | +$98.1K |
2014 Q3
2 quarters
|
|
|
YHOO
204
DELISTED
Yahoo Inc
YHOO
| $311K | 0.06% |
7,000
| – | – |
2013 Q2
7 quarters
|
|
|
JHP
205
DELISTED
NUVEEN QUALITY PREFERRED INCOME FUND 3
JHP
| $310K | 0.06% |
35,765
-97,912
| -73% | -$845K |
2013 Q2
7 quarters
|
|
206
DELISTED
Gugnheim Eql Wght Enh Eqty In Fd
GEQ
| $307K | 0.06% |
15,746
-60,599
| -79% | -$1.2M |
2013 Q2
7 quarters
|
|
207
Air Products & Chemicals
APD
$66B
| $303K | 0.06% |
2,162
| – | – |
2013 Q2
7 quarters
|
|
208
The Gap Inc
GAP
$8.24B
| $303K | 0.06% |
7,000
| – | – |
2013 Q2
7 quarters
|
|
|
MSP
209
DELISTED
Madison Strategic Sector
MSP
| $291K | 0.06% |
+24,161
| New | +$292K |
2015 Q1
0 quarters
|
|
210
Allstate
ALL
$60.6B
| $285K | 0.06% |
4,000
| – | – |
2013 Q2
7 quarters
|
|
211
Stryker
SYK
$112B
| $277K | 0.06% |
3,000
| – | – |
2013 Q4
5 quarters
|
|
|
NQS
212
DELISTED
NUVEEN SELECT QUALITY MUNI FD
NQS
| $273K | 0.06% |
19,397
-15,539
| -44% | -$220K |
2013 Q2
7 quarters
|
|
|
CXE
213
DELISTED
MFS High Income Municipal Trust
CXE
| $270K | 0.06% |
55,654
-31,793
| -36% | -$156K |
2013 Q3
6 quarters
|
|
214
Franklin Universal Trust
FT
$178M
| $268K | 0.06% |
37,015
-76,643
| -67% | -$550K |
2013 Q4
5 quarters
|
|
215
Mexico Fund
MXF
$291M
| $260K | 0.05% |
12,118
-25,183
| -68% | -$538K |
2014 Q4
1 quarter
|
|
216
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
| $257K | 0.05% |
49,725
| – | – |
2013 Q4
5 quarters
|
|
|
CXH
217
DELISTED
MFS Investment Grade Municipal Trust
CXH
| $253K | 0.05% |
26,806
-2,000
| -7% | -$18.9K |
2013 Q2
7 quarters
|
|
|
TFCF
218
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $247K | 0.05% |
7,500
| – | – |
2013 Q3
6 quarters
|
|
219
DELISTED
Paramount Global Class B
PARA
| $243K | 0.05% |
4,000
-5,000
| -56% | -$292K |
2013 Q2
7 quarters
|
|
220
Bank of New York Mellon
BNY
$96.4B
| $241K | 0.05% |
6,000
| – | – |
2013 Q4
5 quarters
|
|
|
CMCSK
221
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $238K | 0.05% |
4,250
| – | – |
2013 Q4
5 quarters
|
|
222
American Electric Power
AEP
$67.7B
| $225K | 0.05% |
4,000
-4,000
| -50% | -$237K |
2014 Q2
3 quarters
|
|
|
RTN
223
DELISTED
Raytheon Company
RTN
| $219K | 0.05% |
2,000
| – | – |
2014 Q3
2 quarters
|
|
224
Royce Micro-Cap Trust
RMT
$696M
| $211K | 0.04% |
+21,606
| New | +$212K |
2015 Q1
0 quarters
|
|
225
Principal Financial Group
PFG
$23.3B
| $205K | 0.04% |
4,000
| – | – |
2014 Q2
3 quarters
|
|
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JFGIW
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.