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
+10.72%
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
$282M
AUM Growth
+$65.2M
(+30%)
Cap. Flow
+$41.5M
Cap. Flow
% of AUM
14.7%
Top 10 Holdings %
Top 10 Hldgs %
79.27%
Holding
48
New
7
Increased
17
Reduced
7
Closed
5
Avg Time Held
2.7
years
Top 10 Avg Time Held
2.2
years
Top 20 Avg Time Held
1.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$12.8M |
| 2 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$5.21M |
| 3 |
iShares Short Maturity Bond ETF
NEAR
|
+$5.2M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$4.8M |
| 5 |
IBDL
iShares iBonds Dec 2020 Term Corporate ETF
IBDL
|
+$3.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$4.74M |
| 2 |
iShares Select U.S. REIT ETF
ICF
|
+$915K |
| 3 |
Vanguard Morningstar Growth ETF
VUG
|
+$395K |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$246K |
| 5 |
iShares Russell 2000 Growth ETF
IWO
|
+$233K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.99% |
| 2 | Financials | 1.71% |
| 3 | Industrials | 0.69% |
| 4 | Consumer Staples | 0.25% |
| 5 | Utilities | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
JPMorgan Ultra-Short Income ETF
JPST
$42.4B
| $42.3M | 14.99% |
833,406
+254,753
| +44% | +$12.8M |
2018 Q3
7 quarters
|
|
2
Vanguard Morningstar Value ETF
VTV
$188B
| $40.1M | 14.22% |
402,754
+16,202
| +4% | +$1.59M |
2014 Q4
22 quarters
|
|
|
3
Vanguard Morningstar Growth ETF
VUG
$232B
| $40.1M | 14.21% |
1,189,698
-12,858
| -1% | -$395K |
2014 Q4
22 quarters
|
|
4
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.9B
| $39.5M | 14.01% |
393,260
+30,495
| +8% | +$3.07M |
2018 Q2
8 quarters
|
|
|
5
iShares Core US Aggregate Bond ETF
AGG
$137B
| $21.8M | 7.74% |
184,690
+41,014
| +29% | +$4.8M |
2014 Q4
22 quarters
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $12.4M | 4.4% |
40,280
+8,053
| +25% | +$2.36M |
2020 Q1
1 quarter
|
|
7
Vanguard Morningstar Total Stock Market ETF
VTI
$692B
| $10.8M | 3.82% |
68,737
| – | – |
2019 Q4
2 quarters
|
|
8
iShares MSCI EAFE ETF
EFA
$76.2B
| $6.05M | 2.15% |
99,402
+2,199
| +2% | +$127K |
2014 Q4
22 quarters
|
|
|
9
iShares Short Maturity Bond ETF
NEAR
$5.09B
| $5.26M | 1.87% |
+105,180
| New | +$5.2M |
2020 Q2
0 quarters
|
|
|
10
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$18.6B
| $5.26M | 1.86% |
+51,718
| New | +$5.21M |
2020 Q2
0 quarters
|
|
11
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.4B
| $4.18M | 1.48% |
114,318
-6,036
| -5% | -$215K |
2017 Q2
12 quarters
|
|
12
Vanguard Morningstar Small-Cap Value ETF
VBR
$35.4B
| $4.03M | 1.43% |
37,719
+8,174
| +28% | +$820K |
2018 Q4
6 quarters
|
|
13
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.2B
| $3.98M | 1.41% |
126,847
-3,614
| -3% | -$112K |
2018 Q3
7 quarters
|
|
14
iShares Core US REIT ETF
USRT
$4.19B
| $3.74M | 1.33% |
86,039
+26,469
| +44% | +$1.11M |
2018 Q3
7 quarters
|
|
|
IBDL
15
DELISTED
iShares iBonds Dec 2020 Term Corporate ETF
IBDL
| $3.72M | 1.32% |
+147,000
| New | +$3.72M |
2020 Q2
0 quarters
|
|
16
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.3B
| $3.66M | 1.3% |
18,329
+1,277
| +7% | +$231K |
2018 Q4
6 quarters
|
|
17
Globe Life
GL
$12.8B
| $3.5M | 1.24% |
47,208
| – | – |
2017 Q4
10 quarters
|
|
18
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.7B
| $3.45M | 1.22% |
64,290
-2,482
| -4% | -$125K |
2017 Q4
10 quarters
|
|
|
IBDM
19
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $3.02M | 1.07% |
+119,905
| New | +$3M |
2020 Q2
0 quarters
|
|
20
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.3B
| $2.93M | 1.04% |
76,783
+2,141
| +3% | +$80K |
2019 Q3
3 quarters
|
|
21
Cohen & Steers Total Return Realty Fund
RFI
$277M
| $2.88M | 1.02% |
+234,262
| New | +$2.74M |
2020 Q2
0 quarters
|
|
22
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| $2.67M | 0.95% |
56,196
+181
| +0.3% | +$8.08K |
2017 Q1
13 quarters
|
|
23
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.2B
| $2.47M | 0.88% |
18,393
-533
| -3% | -$69.3K |
2017 Q4
10 quarters
|
|
24
Vanguard Dividend Appreciation ETF
VIG
$112B
| $2.19M | 0.78% |
18,691
+1,941
| +12% | +$221K |
2014 Q4
22 quarters
|
|
25
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.87B
| $2.06M | 0.73% |
40,768
+22,506
| +123% | +$1.13M |
2020 Q1
1 quarter
|
|
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Cornerstone Management's Q2 2020 Portfolio in Review
As of Q2 2020, Cornerstone Management held 48 positions worth $282M, up 30% from $217M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Cornerstone Management deployed $41.5M of net new capital in Q2 2020, opening 7 new positions and adding to 17 existing holdings. Its largest new stake was PIMCO Enhanced Short Maturity Active Exchange-Traded Fund: 51,718 shares worth $5.26M.
By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, up from 96% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $4.74M trimmed.
- Cornerstone Management's largest Q2 2020 buy was PIMCO Enhanced Short Maturity Active Exchange-Traded Fund: 51,718 shares worth $5.26M.
- Cornerstone Management added most to JPMorgan Ultra-Short Income ETF in Q2 2020, an estimated $12.8M increase.
- Cornerstone Management's biggest Q2 2020 reduction was Vanguard Total Bond Market, cutting an estimated $4.74M.
- Cornerstone Management fully exited iShares Select U.S. REIT ETF in Q2 2020, selling an estimated $915K.
- Cornerstone Management's ten largest holdings make up 79% of its $282M portfolio in Q2 2020.
- Cornerstone Management opened 7 new positions and closed 5 in Q2 2020.
- Cornerstone Management's portfolio value rose 30% quarter-over-quarter to $282M.
Based on Cornerstone Management's 13F filing for Q2 2020, filed 26 May 2023.