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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
+9.86%
1 Year Est. Return
+36.62%
3 Year Est. Return
+108.19%
5 Year Est. Return
+137.76%
10 Year Est. Return
–
AUM
$2.1B
AUM Growth
-$59.7M
(-2.8%)
Cap. Flow
+$2.28B
Cap. Flow
% of AUM
108.7%
Top 10 Holdings %
Top 10 Hldgs %
30.18%
Holding
263
New
90
Increased
39
Reduced
88
Closed
4
Avg Time Held
1.7
years
Top 10 Avg Time Held
2.3
years
Top 20 Avg Time Held
2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philip Morris
PM
|
+$2.51B |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$18.5M |
| 3 |
Johnson & Johnson
JNJ
|
+$14.6M |
| 4 |
Procter & Gamble
PG
|
+$12.2M |
| 5 |
Home Depot
HD
|
+$10.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$168M |
| 2 |
Microsoft
MSFT
|
+$26.7M |
| 3 |
NVIDIA
NVDA
|
+$25M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$24M |
| 5 |
Amazon
AMZN
|
+$22.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.89% |
| 2 | Miscellaneous | 16.27% |
| 3 | Financials | 12.61% |
| 4 | Healthcare | 12.44% |
| 5 | Consumer Discretionary | 9.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$4.01T
| $144M | 6.87% |
422,900
-85,100
| -17% | -$26.7M |
2013 Q2
40 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$4.22T
| $90.9M | 4.34% |
751,400
-176,600
| -19% | -$20.4M |
2013 Q2
40 quarters
|
|
|
3
Amazon
AMZN
$2.75T
| $80M | 3.82% |
614,000
-195,000
| -24% | -$22.3M |
2015 Q3
31 quarters
|
|
|
4
NVIDIA
NVDA
$5.25T
| $65.7M | 3.13% |
1,552,000
-754,000
| -33% | -$25M |
2020 Q1
13 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.13T
| $51.7M | 2.47% |
151,700
-55,300
| -27% | -$18M |
2018 Q3
19 quarters
|
|
6
Tesla
TSLA
$1.43T
| $43.8M | 2.09% |
167,400
-29,600
| -15% | -$5.92M |
2020 Q4
10 quarters
|
|
|
7
State Street Technology Select Sector SPDR ETF
XLK
$125B
| $40.4M | 1.93% |
465,200
+235,200
| +102% | +$18.5M |
2020 Q3
11 quarters
|
|
8
Invesco QQQ Trust
QQQ
$487B
| $39.9M | 1.9% |
108,000
+29,000
| +37% | +$9.76M |
2020 Q3
11 quarters
|
|
9
JPMorgan Chase
JPM
$891B
| $39.4M | 1.88% |
270,800
-46,200
| -15% | -$6.35M |
2017 Q2
24 quarters
|
|
10
Visa
V
$750B
| $36.7M | 1.75% |
154,700
-3,300
| -2% | -$755K |
2017 Q2
24 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.88T
| $36.5M | 1.74% |
127,200
+24,200
| +23% | +$5.97M |
2021 Q2
8 quarters
|
|
12
UnitedHealth
UNH
$365B
| $33.6M | 1.6% |
69,803
-42,297
| -38% | -$20.7M |
2021 Q2
8 quarters
|
|
13
Costco
COST
$433B
| $27.5M | 1.31% |
51,100
-9,600
| -16% | -$4.86M |
2017 Q3
23 quarters
|
|
14
Coca-Cola
KO
$396B
| $27M | 1.29% |
447,700
-47,900
| -10% | -$2.98M |
2021 Q2
8 quarters
|
|
15
Mastercard
MA
$540B
| $26.7M | 1.28% |
68,000
-21,000
| -24% | -$7.88M |
2017 Q3
23 quarters
|
|
16
Walmart Inc
WMT
$935B
| $24.1M | 1.15% |
459,600
-36,600
| -7% | -$1.85M |
2022 Q4
2 quarters
|
|
17
BlackRock Technology and Private Equity Term Trust
BTX
$1.01B
| $23.5M | 1.12% |
2,990,334
-610,022
| -17% | -$4.62M |
2022 Q2
4 quarters
|
|
18
Adams Diversified Equity Fund
ADX
$3.22B
| $23.2M | 1.11% |
1,379,166
+271,072
| +24% | +$4.31M |
2020 Q4
10 quarters
|
|
19
PepsiCo
PEP
$175B
| $23M | 1.1% |
124,000
-12,500
| -9% | -$2.33M |
2022 Q2
4 quarters
|
|
20
Eli Lilly
LLY
$1.12T
| $22.8M | 1.09% |
48,700
+3,300
| +7% | +$1.38M |
2016 Q4
26 quarters
|
|
21
ExxonMobil
XOM
$718B
| $22.3M | 1.06% |
208,000
-104,000
| -33% | -$11.3M |
2022 Q2
4 quarters
|
|
22
Merck
MRK
$358B
| $22.2M | 1.06% |
192,700
-67,300
| -26% | -$7.64M |
2018 Q4
18 quarters
|
|
23
Honeywell
HON
$66.7B
| $19M | 0.91% |
97,082
| – | – |
2017 Q2
24 quarters
|
|
|
24
Johnson & Johnson
JNJ
$610B
| $19M | 0.91% |
114,600
+90,500
| +376% | +$14.6M |
2013 Q2
40 quarters
|
|
25
Bank of America
BAC
$362B
| $18.3M | 0.87% |
636,700
-173,300
| -21% | -$4.95M |
2021 Q2
8 quarters
|
|
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Cornerstone Advisors's Q2 2023 Portfolio in Review
As of Q2 2023, Cornerstone Advisors held 263 positions worth $2.1B, down 2.8% from $2.16B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Cornerstone Advisors deployed $2.28B of net new capital in Q2 2023, opening 90 new positions and adding to 39 existing holdings. Its largest new stake was Procter & Gamble: 80,800 shares worth $12.3M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 22% a quarter earlier, followed by Miscellaneous and Financials.
On the sell side, the largest reduction was Microsoft, an estimated $26.7M trimmed.
- Cornerstone Advisors's largest Q2 2023 buy was Procter & Gamble: 80,800 shares worth $12.3M.
- Cornerstone Advisors added most to Philip Morris in Q2 2023, an estimated $2.51B increase.
- Cornerstone Advisors's biggest Q2 2023 reduction was Microsoft, cutting an estimated $26.7M.
- Cornerstone Advisors fully exited Apple in Q2 2023, selling an estimated $168M.
- Cornerstone Advisors's ten largest holdings make up 30% of its $2.1B portfolio in Q2 2023.
- Cornerstone Advisors opened 90 new positions and closed 4 in Q2 2023.
- Cornerstone Advisors's portfolio value fell 2.8% quarter-over-quarter to $2.1B.
Based on Cornerstone Advisors's 13F filing for Q2 2023, filed 11 Aug 2023.