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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
+9.56%
1 Year Est. Return
+36.62%
3 Year Est. Return
+108.19%
5 Year Est. Return
+137.76%
10 Year Est. Return
–
AUM
$1.11B
AUM Growth
+$42.6M
Cap. Flow
-$36.9M
Cap. Flow %
-3.31%
Top 10 Hldgs %
39.72%
Holding
222
New
33
Increased
33
Reduced
42
Closed
46
Avg Time Held
1.7 years
Top 10 Avg Time Held
1.5 years
Top 20 Avg Time Held
1.1 years

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$15.8M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$9.76M
3
WMT icon
Walmart Inc
WMT
+$9.74M
4
DPG icon
Duff & Phelps Utility and Infrastructure Fund
DPG
+$6.66M
5
GDV icon
Gabelli Dividend & Income Trust
GDV
+$6.62M

Top Sells

Rank Stock Value
1
MA icon
Mastercard
MA
+$17.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.5M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$13.9M
4
META icon
Meta Platforms (Facebook)
META
+$13.2M
5
MRK icon
Merck
MRK
+$10.8M

Sector Composition

Rank Sector Weight
1 Technology 23.68%
2 Miscellaneous 14.7%
3 Healthcare 13.56%
4 Communication Services 9.94%
5 Consumer Discretionary 9.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
PEP icon
201
PepsiCo
PEP
$177B
– –
-65,000
Closed -$8.6M –
PM icon
202
Philip Morris
PM
$316B
– –
-74,000
Closed -$5.18M –
PPG icon
203
PPG Industries
PPG
$24.3B
– –
-11,000
Closed -$1.17M –
SBUX icon
204
Starbucks
SBUX
$111B
– –
-30,000
Closed -$2.21M –
SEVN icon
205
Seven Hills Realty Trust
SEVN
$158M
– –
-69,449
Closed -$810K –
SOR icon
206
Source Capital
SOR
$374M
– –
-79,733
Closed -$2.64M –
SPY icon
207
State Street SPDR S&P 500 ETF Trust
SPY
$816B
– –
-47,000
Closed -$14.5M –
SYK icon
208
Stryker
SYK
$114B
– –
-10,000
Closed -$1.8M –
T icon
209
AT&T
T
$162B
– –
-119,160
Closed -$2.72M –
TDF icon
210
Templeton Dragon Fund
TDF
$238M
– –
-87,823
Closed -$1.77M –
TDG icon
211
TransDigm Group
TDG
$63.7B
– –
-3,700
Closed -$1.64M –
THQ icon
212
abrdn Healthcare Opportunities Fund
THQ
$750M
– –
-126,059
Closed -$2.24M –
TJX icon
213
TJX Companies
TJX
$161B
– –
-45,000
Closed -$2.27M –
TROW icon
214
T. Rowe Price
TROW
$21.8B
– –
-6,000
Closed -$741K –
TYG icon
215
Tortoise Energy Infrastructure Corp
TYG
$988M
– –
-17,000
Closed -$273K –
UNH icon
216
UnitedHealth
UNH
$358B
– –
-24,000
Closed -$7.08M –
WTW icon
217
Willis Towers Watson
WTW
$29.3B
– –
-8,000
Closed -$1.58M –
XOM icon
218
ExxonMobil
XOM
$723B
– –
-42,000
Closed -$1.88M –
ZBH icon
219
Zimmer Biomet
ZBH
$18.2B
– –
-9,270
Closed -$1.07M –
DEX
220
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
– –
-41,600
Closed -$336K –
SMM
221
DELISTED
Salient Midstream & MLP Fund
SMM
– –
-78,400
Closed -$324K –
GMZ
222
DELISTED
Goldman Sachs MLP Income Opportunities Fund
GMZ
– –
-262,127
Closed -$2.51M –
5 6 7 8
9

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Cornerstone Advisors's Q3 2020 Portfolio in Review

As of Q3 2020, Cornerstone Advisors held 222 positions worth $1.11B, up 4% from $1.07B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Cornerstone Advisors withdrew a net $36.9M in Q3 2020, closing 46 positions and reducing 42 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $14.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Miscellaneous and Healthcare.

Against the trend, Cornerstone Advisors opened a new position in Invesco QQQ Trust worth $10M.

  • Cornerstone Advisors's largest Q3 2020 buy was Invesco QQQ Trust: 36,000 shares worth $10M.
  • Cornerstone Advisors added most to Amazon in Q3 2020, an estimated $15.8M increase.
  • Cornerstone Advisors's biggest Q3 2020 reduction was Mastercard, cutting an estimated $17.2M.
  • Cornerstone Advisors fully exited State Street SPDR S&P 500 ETF Trust in Q3 2020, selling an estimated $14.5M.
  • Cornerstone Advisors's ten largest holdings make up 40% of its $1.11B portfolio in Q3 2020.
  • Cornerstone Advisors opened 33 new positions and closed 46 in Q3 2020.
  • Cornerstone Advisors's portfolio value rose 4% quarter-over-quarter to $1.11B.

Based on Cornerstone Advisors's 13F filing for Q3 2020, filed 13 Nov 2020.