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 | |
|---|---|---|---|---|---|---|---|
151
Emerson Electric
EMR
$89.9B
| $11.6K | ﹤0.01% |
121
| – | – |
2021 Q4
4 quarters
|
|
152
Ares Capital
ARCC
$13.3B
| $11.5K | ﹤0.01% |
622
| – | – |
2021 Q4
4 quarters
|
|
153
Shell
SHEL
$295B
| $11.4K | ﹤0.01% |
200
| – | – |
2022 Q1
3 quarters
|
|
154
Chunghwa Telecom
CHT
$36.1B
| $11.2K | ﹤0.01% |
306
| – | – |
2021 Q4
4 quarters
|
|
155
Amgen
AMGN
$230B
| $10.8K | ﹤0.01% |
41
| – | – |
2021 Q4
4 quarters
|
|
156
Lincoln National
LNC
$7.7B
| $10.8K | ﹤0.01% |
350
| – | – |
2021 Q4
4 quarters
|
|
157
Genesis Energy
GEL
$1.74B
| $10.7K | ﹤0.01% |
1,050
| – | – |
2021 Q4
4 quarters
|
|
158
DELISTED
Warner Bros
WBD
| $10.6K | ﹤0.01% |
1,115
-488
| -30% | -$5.51K |
2022 Q2
2 quarters
|
|
159
JPMorgan Chase
JPM
$890B
| $9.39K | ﹤0.01% |
70
| – | – |
2021 Q4
4 quarters
|
|
160
Energy Transfer Partners
ET
$69.7B
| $9.37K | ﹤0.01% |
789
| – | – |
2021 Q4
4 quarters
|
|
161
McCormick & Company Non-Voting
MKC
$12.1B
| $9.28K | ﹤0.01% |
112
| – | – |
2021 Q4
4 quarters
|
|
162
Wells Fargo
WFC
$243B
| $9.08K | ﹤0.01% |
220
| – | – |
2021 Q4
4 quarters
|
|
163
Expedia Group
EXPE
$33B
| $8.76K | ﹤0.01% |
100
| – | – |
2021 Q4
4 quarters
|
|
164
US Bancorp
USB
$87.7B
| $8.72K | ﹤0.01% |
200
| – | – |
2021 Q4
4 quarters
|
|
165
Lam Research
LRCX
$359B
| $8.41K | ﹤0.01% |
200
| – | – |
2022 Q1
3 quarters
|
|
166
Intel
INTC
$519B
| $7.93K | ﹤0.01% |
300
| – | – |
2021 Q4
4 quarters
|
|
167
Costco
COST
$435B
| $7.76K | ﹤0.01% |
17
| – | – |
2021 Q4
4 quarters
|
|
168
FS Credit Opportunities Corp
FSCO
$1.01B
| $7.47K | ﹤0.01% |
+1,585
| New | +$7.69K |
2022 Q4
0 quarters
|
|
169
MetLife
MET
$63.4B
| $7.24K | ﹤0.01% |
100
| – | – |
2021 Q4
4 quarters
|
|
170
Walmart Inc
WMT
$922B
| $7.09K | ﹤0.01% |
150
| – | – |
2021 Q4
4 quarters
|
|
171
Visa
V
$735B
| $7.06K | ﹤0.01% |
34
| – | – |
2021 Q4
4 quarters
|
|
172
BP
BP
$126B
| $6.99K | ﹤0.01% |
200
| – | – |
2021 Q4
4 quarters
|
|
173
HP
HPQ
$27.5B
| $6.83K | ﹤0.01% |
254
| – | – |
2021 Q4
4 quarters
|
|
174
Omnicom Group
OMC
$21.5B
| $6.36K | ﹤0.01% |
78
| – | – |
2021 Q4
4 quarters
|
|
175
ARK Genomic Revolution ETF
ARKG
$2.05B
| $5.7K | ﹤0.01% |
202
| – | – |
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.