CM
Cornerstone Management Portfolio holdings
AUM
$695M
Turnover
5.88%
1-Year Est. Return
12.92%
This Fund
S&P 500
This Quarter
Est. Return
+2.22%
1 Year Est. Return
+12.92%
3 Year Est. Return
+39.98%
5 Year Est. Return
+39.84%
10 Year Est. Return
+114.36%
AUM
$188M
AUM Growth
-$7.7M
(-3.9%)
Cap. Flow
-$12.1M
Cap. Flow
% of AUM
-6.42%
Top 10 Holdings %
Top 10 Hldgs %
86.81%
Holding
35
New
1
Increased
9
Reduced
16
Closed
1
Avg Time Held
2
years
Top 10 Avg Time Held
2.1
years
Top 20 Avg Time Held
1.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
|
+$3.54M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$1.22M |
| 3 |
Vanguard World Funds Extended Duration ETF
EDV
|
+$402K |
| 4 |
iShares Select Dividend ETF
DVY
|
+$258K |
| 5 |
Vanguard Dividend Appreciation ETF
VIG
|
+$211K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Growth ETF
VUG
|
+$10.1M |
| 2 |
Vanguard Total Bond Market
BND
|
+$2.62M |
| 3 |
Vanguard Russell 1000 Growth ETF
VONG
|
+$1.85M |
| 4 |
Vanguard Morningstar Value ETF
VTV
|
+$1.3M |
| 5 |
Vanguard Russell 1000 Value ETF
VONV
|
+$1.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.19% |
| 2 | Financials | 1.01% |
| 3 | Consumer Staples | 0.75% |
| 4 | Industrials | 0.62% |
| 5 | Technology | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
iShares Russell 1000 Growth ETF
IWF
$127B
| $400K | 0.21% |
13,444
-12,960
| -49% | -$380K |
2014 Q4
10 quarters
|
|
27
Bristol-Myers Squibb
BMY
$120B
| $375K | 0.2% |
6,733
-1,023
| -13% | -$55.7K |
2014 Q4
10 quarters
|
|
28
Aflac
AFL
$58.9B
| $350K | 0.19% |
9,024
| – | – |
2016 Q1
5 quarters
|
|
29
Illinois Tool Works
ITW
$76.3B
| $336K | 0.18% |
2,345
| – | – |
2014 Q4
10 quarters
|
|
30
DELISTED
SunTrust Banks, Inc.
STI
| $312K | 0.17% |
5,498
-1,363
| -20% | -$75.7K |
2014 Q4
10 quarters
|
|
|
ACBI
31
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $271K | 0.14% |
14,282
-317
| -2% | -$5.98K |
2016 Q1
5 quarters
|
|
32
ExxonMobil
XOM
$728B
| $227K | 0.12% |
2,818
| – | – |
2014 Q4
10 quarters
|
|
33
Johnson & Johnson
JNJ
$610B
| $213K | 0.11% |
1,610
| – | – |
2017 Q1
1 quarter
|
|
34
Duke Energy
DUK
$93B
| $204K | 0.11% |
2,441
-34
| -1% | -$2.86K |
2017 Q1
1 quarter
|
|
35
Wells Fargo
WFC
$240B
| – | – |
-3,893
| Closed | -$217K | – |
|
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Cornerstone Management's Q2 2017 Portfolio in Review
As of Q2 2017, Cornerstone Management held 35 positions worth $188M, down 3.9% from $196M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Cornerstone Management withdrew a net $12.1M in Q2 2017, closing 1 position and reducing 16 holdings. Its most notable exit was Wells Fargo, an estimated $217K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 96% of assets, down from 96% a quarter earlier, followed by Financials and Consumer Staples.
Against the trend, Cornerstone Management opened a new position in State Street SPDR Portfolio Intermediate Term Corporate Bond ETF worth $3.55M.
- Cornerstone Management's largest Q2 2017 buy was State Street SPDR Portfolio Intermediate Term Corporate Bond ETF: 103,157 shares worth $3.55M.
- Cornerstone Management added most to iShares 1-5 Year Investment Grade Corporate Bond ETF in Q2 2017, an estimated $1.22M increase.
- Cornerstone Management's biggest Q2 2017 reduction was Vanguard Morningstar Growth ETF, cutting an estimated $10.1M.
- Cornerstone Management fully exited Wells Fargo in Q2 2017, selling an estimated $217K.
- Cornerstone Management's ten largest holdings make up 87% of its $188M portfolio in Q2 2017.
- Cornerstone Management opened 1 new position and closed 1 in Q2 2017.
- Cornerstone Management's portfolio value fell 3.9% quarter-over-quarter to $188M.
Based on Cornerstone Management's 13F filing for Q2 2017, filed 1 Jun 2023.