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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
+3.17%
1 Year Est. Return
+36.62%
3 Year Est. Return
+108.19%
5 Year Est. Return
+137.76%
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$10.2M
(-2.5%)
Cap. Flow
-$20.2M
Cap. Flow
% of AUM
-5.13%
Top 10 Holdings %
Top 10 Hldgs %
26.46%
Holding
248
New
37
Increased
49
Reduced
32
Closed
42
Avg Time Held
1.4
years
Top 10 Avg Time Held
1.3
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Clough Global Opportunities Fund
GLO
|
+$7.06M |
| 2 |
Microsoft
MSFT
|
+$2.91M |
| 3 |
Adams Natural Resources Fund
PEO
|
+$2.4M |
| 4 |
TRI-Continental Corp
TY
|
+$1.92M |
| 5 |
Adams Diversified Equity Fund
ADX
|
+$1.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$3.6M |
| 2 |
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
|
+$3.42M |
| 3 |
CVS Health
CVS
|
+$3.03M |
| 4 |
Cohen & Steers REIT and Preferred and Income Fund
RNP
|
+$2.93M |
| 5 |
Morgan Stanley China A Share Fund
CAF
|
+$2.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 43.24% |
| 2 | Financials | 9.46% |
| 3 | Communication Services | 8.73% |
| 4 | Healthcare | 8.52% |
| 5 | Technology | 5.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CBA
201
DELISTED
ClearBridge American Energy MLP
CBA
| $119K | 0.03% |
+13,300
| New | +$116K |
2016 Q3
0 quarters
|
|
202
Freeport-McMoran
FCX
$101B
| $115K | 0.03% |
+10,600
| New | +$122K |
2016 Q3
0 quarters
|
|
|
IF
203
DELISTED
Aberdeen Indonesia Fund
IF
| $113K | 0.03% |
17,137
-400
| -2% | -$2.62K |
2016 Q1
2 quarters
|
|
204
BlackRock Enhanced International Dividend Trust
BGY
$496M
| $105K | 0.03% |
+17,700
| New | +$104K |
2016 Q3
0 quarters
|
|
|
TTF
205
DELISTED
Thai Fund
TTF
| $94K | 0.02% |
11,486
+319
| +3% | +$2.62K |
2016 Q2
1 quarter
|
|
|
JEQ
206
DELISTED
abrdn Japan Equity Fund
JEQ
| $86K | 0.02% |
+10,420
| New | +$83.5K |
2016 Q3
0 quarters
|
|
207
AbbVie
ABBV
$503B
| – | – |
-22,200
| Closed | -$1.37M | – |
|
208
Abbott
ABT
$181B
| – | – |
-36,200
| Closed | -$1.42M | – |
|
209
Aon
AON
$61.4B
| – | – |
-12,000
| Closed | -$1.31M | – |
|
210
Advent Convertible and Income Fund
AVK
$483M
| – | – |
-39,603
| Closed | -$538K | – |
|
211
Blackstone Long-Short Credit Income Fund
BGX
$132M
| – | – |
-10,578
| Closed | -$153K | – |
|
212
Biogen
BIIB
$34.8B
| – | – |
-1,500
| Closed | -$363K | – |
|
213
Booking.com
BKNG
$125B
| – | – |
-12,500
| Closed | -$624K | – |
|
214
BlackRock Credit Allocation Income Trust
BTZ
$883M
| – | – |
-39,429
| Closed | -$513K | – |
|
215
Calamos Global Total Return Fund
CGO
$118M
| – | – |
-36,870
| Closed | -$406K | – |
|
216
Cincinnati Financial
CINF
$26B
| – | – |
-3,200
| Closed | -$240K | – |
|
|
217
Comcast
CMCSA
$79B
| – | – |
-110,550
| Closed | -$3.6M | – |
|
|
218
CVS Health
CVS
$119B
| – | – |
-31,630
| Closed | -$3.03M | – |
|
219
Delta Air Lines
DAL
$51.2B
| – | – |
-26,000
| Closed | -$947K | – |
|
220
Ecolab
ECL
$81.7B
| – | – |
-8,500
| Closed | -$1.01M | – |
|
221
Gabelli Convertible and Income Securities Fund
GCV
$80.8M
| – | – |
-20,625
| Closed | -$96K | – |
|
222
Gabelli Multimedia Trust
GGT
$186M
| – | – |
-159,084
| Closed | -$1.1M | – |
|
223
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$499M
| – | – |
-47,807
| Closed | -$331K | – |
|
224
JPMorgan Chase
JPM
$909B
| – | – |
-7,000
| Closed | -$435K | – |
|
225
Kroger
KR
$37.4B
| – | – |
-40,000
| Closed | -$1.47M | – |
|
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JFGIW
Cornerstone Advisors's Q3 2016 Portfolio in Review
As of Q3 2016, Cornerstone Advisors held 248 positions worth $394M, down 2.5% from $404M the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Cornerstone Advisors withdrew a net $20.2M in Q3 2016, closing 42 positions and reducing 32 holdings. Its most notable exit was Comcast, an estimated $3.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 45% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Cornerstone Advisors opened a new position in Clough Global Opportunities Fund worth $7.07M.
- Cornerstone Advisors's largest Q3 2016 buy was Clough Global Opportunities Fund: 731,190 shares worth $7.07M.
- Cornerstone Advisors added most to Microsoft in Q3 2016, an estimated $2.91M increase.
- Cornerstone Advisors's biggest Q3 2016 reduction was Virtus Dividend, Interest & Premium Strategy Fund, cutting an estimated $3.42M.
- Cornerstone Advisors fully exited Comcast in Q3 2016, selling an estimated $3.6M.
- Cornerstone Advisors's ten largest holdings make up 26% of its $394M portfolio in Q3 2016.
- Cornerstone Advisors opened 37 new positions and closed 42 in Q3 2016.
- Cornerstone Advisors's portfolio value fell 2.5% quarter-over-quarter to $394M.
Based on Cornerstone Advisors's 13F filing for Q3 2016, filed 10 Nov 2016.