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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
-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
(-18%)
Cap. Flow
-$66.5M
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
25.87%
Holding
266
New
45
Increased
38
Reduced
60
Closed
43
Avg Time Held
1.3
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
1.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$10.4M |
| 2 |
Merck
MRK
|
+$10.3M |
| 3 |
Procter & Gamble
PG
|
+$7.15M |
| 4 |
Cisco
CSCO
|
+$6.86M |
| 5 |
Nike
NKE
|
+$4.86M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AbbVie
ABBV
|
+$13.6M |
| 2 |
Meta Platforms (Facebook)
META
|
+$10.4M |
| 3 |
Oracle
ORCL
|
+$10.2M |
| 4 |
Altria Group
MO
|
+$9.05M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$8.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 18.74% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 14% |
| 4 | Financials | 13.77% |
| 5 | Communication Services | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
FPL
201
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
| $518K | 0.05% |
+68,645
| New | +$589K |
2018 Q4
0 quarters
|
|
202
New Germany Fund
GF
$167M
| $507K | 0.04% |
43,318
-24,264
| -36% | -$385K |
2016 Q4
8 quarters
|
|
203
John Hancock Financial Opportunities Fund
BTO
$714M
| $475K | 0.04% |
+17,000
| New | +$571K |
2018 Q4
0 quarters
|
|
|
IAE
204
DELISTED
Voya Asia Pacific High Dividend Equity Income Fund
IAE
| $465K | 0.04% |
54,529
-9,637
| -15% | -$84.3K |
2016 Q4
8 quarters
|
|
205
Royce Micro-Cap Trust
RMT
$696M
| $460K | 0.04% |
+62,023
| New | +$533K |
2018 Q4
0 quarters
|
|
206
Franklin Universal Trust
FT
$178M
| $457K | 0.04% |
71,992
-2,400
| -3% | -$15.7K |
2018 Q2
2 quarters
|
|
207
John Hancock Hedged Equity & Income Fund
HEQ
$133M
| $457K | 0.04% |
+34,968
| New | +$498K |
2018 Q4
0 quarters
|
|
208
Calamos Strategic Total Return Fund
CSQ
$3.22B
| $426K | 0.04% |
+40,200
| New | +$472K |
2018 Q4
0 quarters
|
|
209
Herzfeld Credit Income Fund
HERZ
$30.6M
| $395K | 0.03% |
10,486
+3,069
| +41% | +$136K |
2018 Q2
2 quarters
|
|
|
LOR
210
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
| $393K | 0.03% |
46,217
+26,342
| +133% | +$241K |
2018 Q3
1 quarter
|
|
211
Clough Global Dividend & Income Fund
GLV
$71.7M
| $360K | 0.03% |
+36,015
| New | +$403K |
2018 Q4
0 quarters
|
|
212
abrdn Emerging Markets Equity Income Fund
AEF
$352M
| $357K | 0.03% |
56,220
-45,409
| -45% | -$297K |
2018 Q3
1 quarter
|
|
213
Allspring Global Dividend Opportunity Fund
EOD
$273M
| $344K | 0.03% |
+74,228
| New | +$376K |
2018 Q4
0 quarters
|
|
214
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.69B
| $304K | 0.03% |
+39,100
| New | +$332K |
2018 Q4
0 quarters
|
|
215
GAMCO Natural Resources, Gold & Income Trust
GNT
$143M
| $300K | 0.03% |
+60,570
| New | +$325K |
2018 Q4
0 quarters
|
|
|
SRF
216
DELISTED
THE CUSHING ROYALTY & INCOME FUND
SRF
| $298K | 0.03% |
46,134
+16,875
| +58% | +$134K |
2018 Q3
1 quarter
|
|
217
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$543M
| $278K | 0.02% |
+34,200
| New | +$313K |
2018 Q4
0 quarters
|
|
218
abrdn Life Sciences Investors
HQL
$521M
| $242K | 0.02% |
+16,000
| New | +$282K |
2018 Q4
0 quarters
|
|
|
JEQ
219
DELISTED
abrdn Japan Equity Fund
JEQ
| $228K | 0.02% |
35,076
-15,107
| -30% | -$113K |
2018 Q2
2 quarters
|
|
220
Madison Covered Call & Equity Strategy Fund
MCN
$112M
| $187K | 0.02% |
+30,376
| New | +$216K |
2018 Q4
0 quarters
|
|
221
European Equity Fund
EEA
$70.2M
| $142K | 0.01% |
18,400
-4,752
| -21% | -$40.1K |
2018 Q2
2 quarters
|
|
|
MFD
222
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
| $126K | 0.01% |
+13,646
| New | +$141K |
2018 Q4
0 quarters
|
|
|
IID
223
DELISTED
VOYA INTERNATIONAL HIGH DIVIDEND EQUITY INCOME FUND
IID
| $54K | ﹤0.01% |
+10,410
| New | +$58.2K |
2018 Q4
0 quarters
|
|
|
224
AbbVie
ABBV
$501B
| – | – |
-144,000
| Closed | -$13.6M | – |
|
225
Applied Materials
AMAT
$341B
| – | – |
-93,000
| Closed | -$3.59M | – |
|
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JFGIW
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 Miscellaneous at 19% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
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.