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
+5.76%
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
$355M
AUM Growth
-$13.1M
(-3.6%)
Cap. Flow
-$31M
Cap. Flow
% of AUM
-8.73%
Top 10 Holdings %
Top 10 Hldgs %
79.16%
Holding
253
New
5
Increased
29
Reduced
32
Closed
12
Avg Time Held
1.6
years
Top 10 Avg Time Held
3.8
years
Top 20 Avg Time Held
3.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Growth ETF
VUG
|
+$5.6M |
| 2 |
Vanguard Morningstar Small-Cap Growth ETF
VBK
|
+$1,000K |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$649K |
| 4 |
iShares MBS ETF
MBB
|
+$268K |
| 5 |
Apollo Global Management
APO
|
+$262K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$16.2M |
| 2 |
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
|
+$8.9M |
| 3 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$5.51M |
| 4 |
iShares Short Maturity Bond ETF
NEAR
|
+$5.48M |
| 5 |
Vanguard Morningstar Value ETF
VTV
|
+$2.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 95.94% |
| 2 | Financials | 2.19% |
| 3 | Industrials | 0.42% |
| 4 | Utilities | 0.32% |
| 5 | Consumer Staples | 0.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.7B
| $189K | 0.05% |
1,841
| – | – |
2021 Q1
7 quarters
|
|
52
iShares Russell 1000 Growth ETF
IWF
$127B
| $178K | 0.05% |
3,320
| – | – |
2020 Q2
10 quarters
|
|
53
Microsoft
MSFT
$3.96T
| $149K | 0.04% |
620
| – | – |
2021 Q4
4 quarters
|
|
54
Eli Lilly
LLY
$1.08T
| $141K | 0.04% |
384
-13
| -3% | -$4.61K |
2021 Q4
4 quarters
|
|
55
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34.7B
| $132K | 0.04% |
3,835
| – | – |
2021 Q4
4 quarters
|
|
56
Bristol-Myers Squibb
BMY
$121B
| $129K | 0.04% |
1,791
-150
| -8% | -$11.3K |
2021 Q4
4 quarters
|
|
57
Atkore
ATKR
$3.21B
| $128K | 0.04% |
1,125
| – | – |
2022 Q1
3 quarters
|
|
58
State Street SPDR S&P International Dividend ETF
DWX
$510M
| $126K | 0.04% |
3,891
| – | – |
2021 Q4
4 quarters
|
|
59
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.97B
| $123K | 0.03% |
4,904
-608
| -11% | -$15.2K |
2017 Q4
20 quarters
|
|
60
Johnson & Johnson
JNJ
$612B
| $120K | 0.03% |
678
-108
| -14% | -$18.6K |
2021 Q4
4 quarters
|
|
61
Duke Energy
DUK
$93.3B
| $116K | 0.03% |
1,129
+3
| +0.3% | +$288 |
2018 Q4
16 quarters
|
|
62
Invesco QQQ Trust
QQQ
$488B
| $113K | 0.03% |
426
| – | – |
2021 Q4
4 quarters
|
|
63
iShares Core S&P 500 ETF
IVV
$887B
| $97.2K | 0.03% |
253
| – | – |
2021 Q4
4 quarters
|
|
64
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.1B
| $95.1K | 0.03% |
529
| – | – |
2021 Q4
4 quarters
|
|
65
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$339M
| $92.8K | 0.03% |
1,163
| – | – |
2021 Q4
4 quarters
|
|
66
Pfizer
PFE
$166B
| $88.5K | 0.02% |
1,728
| – | – |
2021 Q4
4 quarters
|
|
67
ServiceNow
NOW
$145B
| $87.4K | 0.02% |
+1,125
| New | +$87.9K |
2022 Q4
0 quarters
|
|
68
Vanguard Russell 1000 Value ETF
VONV
$22.2B
| $86.2K | 0.02% |
1,294
| – | – |
2021 Q4
4 quarters
|
|
69
AT&T
T
$158B
| $85.2K | 0.02% |
4,626
-2,024
| -30% | -$36.2K |
2021 Q4
4 quarters
|
|
70
Vanguard Russell 1000 Growth ETF
VONG
$46.7B
| $84.9K | 0.02% |
1,541
| – | – |
2021 Q4
4 quarters
|
|
71
American Water Works
AWK
$26.2B
| $80.2K | 0.02% |
526
| – | – |
2021 Q4
4 quarters
|
|
72
State Street Energy Select Sector SPDR ETF
XLE
$43.5B
| $75.8K | 0.02% |
1,732
| – | – |
2021 Q4
4 quarters
|
|
73
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$226M
| $74K | 0.02% |
3,853
| – | – |
2021 Q4
4 quarters
|
|
74
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.94B
| $71.3K | 0.02% |
2,944
| – | – |
2021 Q4
4 quarters
|
|
75
Walt Disney
DIS
$188B
| $71.2K | 0.02% |
819
| – | – |
2021 Q4
4 quarters
|
|
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Cornerstone Management's Q4 2022 Portfolio in Review
As of Q4 2022, Cornerstone Management held 253 positions worth $355M, down 3.6% from $368M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Cornerstone Management withdrew a net $31M in Q4 2022, closing 12 positions and reducing 32 holdings. Its most notable exit was iShares Short Maturity Bond ETF, an estimated $5.48M 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 Industrials.
Against the trend, Cornerstone Management opened a new position in Apollo Global Management worth $281K.
- Cornerstone Management's largest Q4 2022 buy was Apollo Global Management: 4,409 shares worth $281K.
- Cornerstone Management added most to Vanguard Morningstar Growth ETF in Q4 2022, an estimated $5.6M increase.
- Cornerstone Management's biggest Q4 2022 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $16.2M.
- Cornerstone Management fully exited iShares Short Maturity Bond ETF in Q4 2022, selling an estimated $5.48M.
- Cornerstone Management's ten largest holdings make up 79% of its $355M portfolio in Q4 2022.
- Cornerstone Management opened 5 new positions and closed 12 in Q4 2022.
- Cornerstone Management's portfolio value fell 3.6% quarter-over-quarter to $355M.
Based on Cornerstone Management's 13F filing for Q4 2022, filed 9 May 2023.