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Cornerstone Advisors Portfolio holdings

AUM $3.04B
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

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 Technology 14.48%
2 Healthcare 14%
3 Financials 13.77%
4 Communication Services 9.53%
5 Consumer Discretionary 8.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FPL
201
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$518K 0.05%
+68,645
New +$589K
GF
202
New Germany Fund
GF
$186M
$507K 0.04%
43,318
-24,264
-36% -$385K
BTO
203
John Hancock Financial Opportunities Fund
BTO
$802M
$475K 0.04%
+17,000
New +$571K
IAE
204
Voya Asia Pacific High Dividend Equity Income Fund
IAE
$93.7M
$465K 0.04%
54,529
-9,637
-15% -$84.3K
RMT
205
Royce Micro-Cap Trust
RMT
$759M
$460K 0.04%
+62,023
New +$533K
FT
206
Franklin Universal Trust
FT
$197M
$457K 0.04%
71,992
-2,400
-3% -$15.7K
HEQ
207
John Hancock Hedged Equity & Income Fund
HEQ
$140M
$457K 0.04%
+34,968
New +$498K
CSQ icon
208
Calamos Strategic Total Return Fund
CSQ
$3.37B
$426K 0.04%
+40,200
New +$472K
HERZ
209
Herzfeld Credit Income Fund
HERZ
$32.3M
$395K 0.03%
10,486
+3,069
+41% +$136K
LOR
210
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$393K 0.03%
46,217
+26,342
+133% +$241K
GLV
211
Clough Global Dividend & Income Fund
GLV
$78.2M
$360K 0.03%
+36,015
New +$403K
AEF
212
abrdn Emerging Markets Equity Income Fund
AEF
$367M
$357K 0.03%
56,220
-45,409
-45% -$297K
EOD
213
Allspring Global Dividend Opportunity Fund
EOD
$288M
$344K 0.03%
+74,228
New +$376K
BDJ icon
214
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.75B
$304K 0.03%
+39,100
New +$332K
GNT
215
GAMCO Natural Resources, Gold & Income Trust
GNT
$147M
$300K 0.03%
+60,570
New +$325K
SRF
216
DELISTED
THE CUSHING ROYALTY & INCOME FUND
SRF
$298K 0.03%
46,134
+16,875
+58% +$134K
ETJ
217
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$573M
$278K 0.02%
+34,200
New +$313K
HQL
218
abrdn Life Sciences Investors
HQL
$632M
$242K 0.02%
+16,000
New +$282K
JEQ
219
DELISTED
abrdn Japan Equity Fund
JEQ
$228K 0.02%
35,076
-15,107
-30% -$113K
MCN
220
Madison Covered Call & Equity Strategy Fund
MCN
$118M
$187K 0.02%
+30,376
New +$216K
EEA
221
European Equity Fund
EEA
$76.5M
$142K 0.01%
18,400
-4,752
-21% -$40.1K
MFD
222
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
$126K 0.01%
+13,646
New +$141K
IID
223
DELISTED
VOYA INTERNATIONAL HIGH DIVIDEND EQUITY INCOME FUND
IID
$54K ﹤0.01%
+10,410
New +$58.2K
ABBV icon
224
AbbVie
ABBV
$437B
– –
-144,000
Closed -$13.6M
AMAT icon
225
Applied Materials
AMAT
$419B
– –
-93,000
Closed -$3.59M
7 8
9
10 11

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SAG
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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 Technology at 14% of assets, down from 15% a quarter earlier, followed by Healthcare and Financials.

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.