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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
-15.58%
1 Year Est. Return
+36.62%
3 Year Est. Return
+108.19%
5 Year Est. Return
+137.76%
10 Year Est. Return
–
AUM
$906M
AUM Growth
-$309M
(-25%)
Cap. Flow
-$107M
Cap. Flow
% of AUM
-11.82%
Top 10 Holdings %
Top 10 Hldgs %
36.2%
Holding
221
New
29
Increased
20
Reduced
48
Closed
45
Avg Time Held
2
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$23.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$22.9M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$12.3M |
| 4 |
Intel
INTC
|
+$11.6M |
| 5 |
Amazon
AMZN
|
+$9.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cisco
CSCO
|
+$19M |
| 2 |
Adams Diversified Equity Fund
ADX
|
+$14.9M |
| 3 |
Visa
V
|
+$14.9M |
| 4 |
Boeing
BA
|
+$13.4M |
| 5 |
Broadcom
AVGO
|
+$10.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.91% |
| 2 | Healthcare | 13.45% |
| 3 | Financials | 12.96% |
| 4 | Miscellaneous | 11.25% |
| 5 | Communication Services | 10.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$4.01T
| $75.4M | 8.33% |
478,400
| – | – |
2013 Q2
27 quarters
|
|
|
2
Apple
AAPL
$4.99T
| $47M | 5.2% |
740,000
+320,000
| +76% | +$23.5M |
2017 Q1
12 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$4.22T
| $44.7M | 4.93% |
768,140
| – | – |
2013 Q2
27 quarters
|
|
|
4
Amazon
AMZN
$2.75T
| $36.1M | 3.98% |
370,000
+100,000
| +37% | +$9.68M |
2015 Q3
18 quarters
|
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $25.8M | 2.85% |
100,000
+75,000
| +300% | +$22.9M |
2018 Q3
6 quarters
|
|
6
Procter & Gamble
PG
$365B
| $22.1M | 2.44% |
201,000
| – | – |
2018 Q4
5 quarters
|
|
7
Johnson & Johnson
JNJ
$610B
| $21.9M | 2.41% |
166,700
+22,000
| +15% | +$3.12M |
2013 Q2
27 quarters
|
|
8
Mastercard
MA
$540B
| $20M | 2.21% |
83,000
| – | – |
2017 Q3
10 quarters
|
|
9
Berkshire Hathaway Class B
BRK.B
$1.13T
| $17.7M | 1.96% |
97,000
| – | – |
2018 Q3
6 quarters
|
|
10
Merck
MRK
$358B
| $17.1M | 1.89% |
232,656
| – | – |
2018 Q4
5 quarters
|
|
11
Verizon
VZ
$184B
| $16.2M | 1.79% |
302,000
| – | – |
2018 Q3
6 quarters
|
|
|
12
iShares Core S&P 500 ETF
IVV
$889B
| $15.5M | 1.71% |
60,000
+40,000
| +200% | +$12.3M |
2018 Q3
6 quarters
|
|
13
UnitedHealth
UNH
$365B
| $15.2M | 1.68% |
61,000
+22,000
| +56% | +$6.05M |
2017 Q2
11 quarters
|
|
14
Comcast
CMCSA
$77.3B
| $15.1M | 1.66% |
438,000
| – | – |
2017 Q2
11 quarters
|
|
15
Walmart Inc
WMT
$935B
| $14.1M | 1.56% |
372,000
-78,000
| -17% | -$3M |
2018 Q3
6 quarters
|
|
16
Home Depot
HD
$308B
| $14M | 1.55% |
75,000
| – | – |
2013 Q2
27 quarters
|
|
17
JPMorgan Chase
JPM
$891B
| $13.5M | 1.49% |
150,000
-54,000
| -26% | -$6.56M |
2017 Q2
11 quarters
|
|
18
Abbott
ABT
$181B
| $12.7M | 1.4% |
161,000
| – | – |
2016 Q4
13 quarters
|
|
19
Coca-Cola
KO
$396B
| $12.4M | 1.37% |
281,000
+81,000
| +41% | +$4.37M |
2019 Q4
1 quarter
|
|
|
20
Visa
V
$750B
| $12.1M | 1.33% |
75,000
-79,100
| -51% | -$14.9M |
2017 Q2
11 quarters
|
|
21
General American Investors Company
GAM
$1.54B
| $11.8M | 1.31% |
430,893
-134,264
| -24% | -$4.65M |
2013 Q2
27 quarters
|
|
22
Costco
COST
$433B
| $11.3M | 1.24% |
39,500
| – | – |
2017 Q3
10 quarters
|
|
|
23
Intel
INTC
$504B
| $10.6M | 1.17% |
+196,000
| New | +$11.6M |
2020 Q1
0 quarters
|
|
24
Adobe
ADBE
$97.9B
| $10.5M | 1.16% |
33,000
+12,000
| +57% | +$4.1M |
2017 Q3
10 quarters
|
|
25
Medtronic
MDT
$122B
| $10.4M | 1.15% |
115,000
| – | – |
2019 Q1
4 quarters
|
|
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Cornerstone Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Cornerstone Advisors held 221 positions worth $906M, down 25% from $1.21B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Cornerstone Advisors withdrew a net $107M in Q1 2020, closing 45 positions and reducing 48 holdings. Its most notable exit was Cisco, an estimated $19M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Cornerstone Advisors opened a new position in Intel worth $10.6M.
- Cornerstone Advisors's largest Q1 2020 buy was Intel: 196,000 shares worth $10.6M.
- Cornerstone Advisors added most to Apple in Q1 2020, an estimated $23.5M increase.
- Cornerstone Advisors's biggest Q1 2020 reduction was Adams Diversified Equity Fund, cutting an estimated $14.9M.
- Cornerstone Advisors fully exited Cisco in Q1 2020, selling an estimated $19M.
- Cornerstone Advisors's ten largest holdings make up 36% of its $906M portfolio in Q1 2020.
- Cornerstone Advisors opened 29 new positions and closed 45 in Q1 2020.
- Cornerstone Advisors's portfolio value fell 25% quarter-over-quarter to $906M.
Based on Cornerstone Advisors's 13F filing for Q1 2020, filed 13 May 2020.