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
+4.44%
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
$236M
AUM Growth
+$17.5M
(+8%)
Cap. Flow
+$8.08M
Cap. Flow
% of AUM
3.43%
Top 10 Holdings %
Top 10 Hldgs %
81.53%
Holding
43
New
4
Increased
20
Reduced
10
Closed
1
Avg Time Held
2.8
years
Top 10 Avg Time Held
2.5
years
Top 20 Avg Time Held
2.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$10.8M |
| 2 |
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
|
+$2.75M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$1.16M |
| 4 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$1.02M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$663K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$2.19M |
| 2 |
Vanguard Morningstar Value ETF
VTV
|
+$2.01M |
| 3 |
Vanguard Morningstar Growth ETF
VUG
|
+$1.94M |
| 4 |
iShares Core US REIT ETF
USRT
|
+$1.55M |
| 5 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$1.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 94.65% |
| 2 | Financials | 3.66% |
| 3 | Industrials | 0.89% |
| 4 | Consumer Staples | 0.37% |
| 5 | Utilities | 0.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Value ETF
VTV
$188B
| $43.7M | 18.51% |
364,210
-17,436
| -5% | -$2.01M |
2014 Q4
20 quarters
|
|
|
2
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.9B
| $41.5M | 17.61% |
414,633
+27,384
| +7% | +$2.75M |
2018 Q2
6 quarters
|
|
|
3
Vanguard Morningstar Growth ETF
VUG
$232B
| $35.8M | 15.19% |
1,180,068
-67,176
| -5% | -$1.94M |
2014 Q4
20 quarters
|
|
|
4
JPMorgan Ultra-Short Income ETF
JPST
$42.4B
| $19.7M | 8.33% |
389,720
+20,151
| +5% | +$1.02M |
2018 Q3
5 quarters
|
|
|
5
iShares Core US Aggregate Bond ETF
AGG
$137B
| $17.2M | 7.29% |
152,900
+10,316
| +7% | +$1.16M |
2014 Q4
20 quarters
|
|
|
6
Vanguard Morningstar Total Stock Market ETF
VTI
$692B
| $11.2M | 4.76% |
+68,647
| New | +$10.8M |
2019 Q4
0 quarters
|
|
|
7
iShares MSCI EAFE ETF
EFA
$76.2B
| $6.69M | 2.84% |
96,365
-32,404
| -25% | -$2.19M |
2014 Q4
20 quarters
|
|
8
Vanguard Total Bond Market
BND
$162B
| $6.01M | 2.55% |
71,679
+2,028
| +3% | +$171K |
2014 Q4
20 quarters
|
|
9
Globe Life
GL
$12.8B
| $5.92M | 2.51% |
56,275
| – | – |
2017 Q4
8 quarters
|
|
10
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.7B
| $4.56M | 1.93% |
73,252
+8,748
| +14% | +$526K |
2017 Q4
8 quarters
|
|
11
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.4B
| $4.5M | 1.91% |
127,380
+3,904
| +3% | +$138K |
2017 Q2
10 quarters
|
|
12
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.2B
| $3.79M | 1.61% |
122,882
+9,743
| +9% | +$300K |
2018 Q3
5 quarters
|
|
13
Vanguard Morningstar Small-Cap Value ETF
VBR
$35.4B
| $3.77M | 1.6% |
27,511
+2,141
| +8% | +$284K |
2018 Q4
4 quarters
|
|
|
14
iShares Core US REIT ETF
USRT
$4.19B
| $3.3M | 1.4% |
60,520
-28,103
| -32% | -$1.55M |
2018 Q3
5 quarters
|
|
15
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.3B
| $3.29M | 1.39% |
16,548
-5,143
| -24% | -$976K |
2018 Q4
4 quarters
|
|
16
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.3B
| $2.89M | 1.22% |
70,216
+6,542
| +10% | +$266K |
2019 Q3
1 quarter
|
|
|
17
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| $2.73M | 1.16% |
50,830
-27,296
| -35% | -$1.41M |
2017 Q1
11 quarters
|
|
18
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.2B
| $2.32M | 0.98% |
18,096
+1,657
| +10% | +$211K |
2017 Q4
8 quarters
|
|
19
iShares Select Dividend ETF
DVY
$22.8B
| $2.19M | 0.93% |
20,681
-102
| -0.5% | -$10.5K |
2014 Q4
20 quarters
|
|
20
Global Payments
GPN
$21.1B
| $2.1M | 0.89% |
11,497
-159
| -1% | -$27.3K |
2019 Q3
1 quarter
|
|
21
Vanguard Dividend Appreciation ETF
VIG
$112B
| $2.09M | 0.89% |
16,742
-114
| -0.7% | -$13.8K |
2014 Q4
20 quarters
|
|
22
iShares Select U.S. REIT ETF
ICF
$2.06B
| $1.31M | 0.55% |
22,312
+1,800
| +9% | +$106K |
2014 Q4
20 quarters
|
|
|
23
iShares MSCI Emerging Markets ETF
EEM
$29.8B
| $1.05M | 0.44% |
23,295
+15,441
| +197% | +$663K |
2019 Q3
1 quarter
|
|
24
iShares 1-3 Year Treasury Bond ETF
SHY
$26.8B
| $882K | 0.37% |
10,416
+1,607
| +18% | +$136K |
2014 Q4
20 quarters
|
|
25
Coca-Cola
KO
$395B
| $864K | 0.37% |
15,609
| – | – |
2014 Q4
20 quarters
|
|
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Cornerstone Management's Q4 2019 Portfolio in Review
As of Q4 2019, Cornerstone Management held 43 positions worth $236M, up 8% from $218M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Cornerstone Management deployed $8.08M of net new capital in Q4 2019, opening 4 new positions and adding to 20 existing holdings. Its largest new stake was Vanguard Morningstar Total Stock Market ETF: 68,647 shares worth $11.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 95% of assets, down from 95% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was iShares MSCI EAFE ETF, an estimated $2.19M trimmed.
- Cornerstone Management's largest Q4 2019 buy was Vanguard Morningstar Total Stock Market ETF: 68,647 shares worth $11.2M.
- Cornerstone Management added most to Goldman Sachs Access Treasury 0-1 Year ETF in Q4 2019, an estimated $2.75M increase.
- Cornerstone Management's biggest Q4 2019 reduction was iShares MSCI EAFE ETF, cutting an estimated $2.19M.
- Cornerstone Management fully exited Fidelity MSCI Financials Index ETF in Q4 2019, selling an estimated $1.39M.
- Cornerstone Management's ten largest holdings make up 82% of its $236M portfolio in Q4 2019.
- Cornerstone Management opened 4 new positions and closed 1 in Q4 2019.
- Cornerstone Management's portfolio value rose 8% quarter-over-quarter to $236M.
Based on Cornerstone Management's 13F filing for Q4 2019, filed 26 May 2023.