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
+8.55%
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
$316M
AUM Growth
+$12.3M
(+4.1%)
Cap. Flow
-$10.4M
Cap. Flow
% of AUM
-3.28%
Top 10 Holdings %
Top 10 Hldgs %
80.88%
Holding
49
New
2
Increased
20
Reduced
15
Closed
4
Avg Time Held
3
years
Top 10 Avg Time Held
2.6
years
Top 20 Avg Time Held
2.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Value ETF
VTV
|
+$4.76M |
| 2 |
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
|
+$2.51M |
| 3 |
Vanguard Morningstar Growth ETF
VUG
|
+$1.95M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$1.8M |
| 5 |
iShares Select Dividend ETF
DVY
|
+$999K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$8.28M |
| 2 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$6.28M |
| 3 |
iShares Short Maturity Bond ETF
NEAR
|
+$6.27M |
| 4 |
IBDL
iShares iBonds Dec 2020 Term Corporate ETF
IBDL
|
+$3.71M |
| 5 |
iShares Ultra Short Duration Bond Active ETF
ICSH
|
+$1.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.43% |
| 2 | Financials | 2% |
| 3 | Industrials | 0.78% |
| 4 | Utilities | 0.28% |
| 5 | Consumer Staples | 0.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Value ETF
VTV
$189B
| $55.1M | 17.41% |
462,881
+42,294
| +10% | +$4.76M |
2014 Q4
24 quarters
|
|
|
2
Vanguard Morningstar Growth ETF
VUG
$232B
| $49.8M | 15.74% |
1,178,550
+48,810
| +4% | +$1.95M |
2014 Q4
24 quarters
|
|
|
3
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.9B
| $44.8M | 14.16% |
447,325
+25,022
| +6% | +$2.51M |
2018 Q2
10 quarters
|
|
|
4
JPMorgan Ultra-Short Income ETF
JPST
$42.4B
| $35.5M | 11.22% |
698,705
-162,955
| -19% | -$8.28M |
2018 Q3
9 quarters
|
|
|
5
iShares Core US Aggregate Bond ETF
AGG
$137B
| $25.9M | 8.2% |
219,264
+15,293
| +7% | +$1.8M |
2014 Q4
24 quarters
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $13.1M | 4.13% |
34,910
-723
| -2% | -$257K |
2020 Q1
3 quarters
|
|
7
Vanguard Morningstar Total Stock Market ETF
VTI
$694B
| $12.1M | 3.83% |
62,214
-2,950
| -5% | -$539K |
2019 Q4
4 quarters
|
|
8
iShares MSCI EAFE ETF
EFA
$76.3B
| $8.56M | 2.71% |
117,362
+4,488
| +4% | +$307K |
2014 Q4
24 quarters
|
|
9
Vanguard Morningstar Small-Cap Value ETF
VBR
$35.5B
| $5.73M | 1.81% |
40,303
-615
| -2% | -$79.3K |
2018 Q4
8 quarters
|
|
10
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.7B
| $5.3M | 1.68% |
77,507
+9,545
| +14% | +$602K |
2017 Q4
12 quarters
|
|
11
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.3B
| $5.29M | 1.67% |
142,390
+25,566
| +22% | +$944K |
2017 Q2
14 quarters
|
|
12
iShares Core US REIT ETF
USRT
$4.18B
| $4.91M | 1.55% |
101,518
+6,969
| +7% | +$325K |
2018 Q3
9 quarters
|
|
13
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.4B
| $4.89M | 1.55% |
18,259
-782
| -4% | -$189K |
2018 Q4
8 quarters
|
|
14
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.2B
| $4.63M | 1.47% |
147,576
+12,155
| +9% | +$381K |
2018 Q3
9 quarters
|
|
15
Globe Life
GL
$12.9B
| $4.48M | 1.42% |
47,208
| – | – |
2017 Q4
12 quarters
|
|
16
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| $3.96M | 1.25% |
63,888
+2,646
| +4% | +$153K |
2017 Q1
15 quarters
|
|
17
Vanguard Dividend Appreciation ETF
VIG
$112B
| $3.56M | 1.13% |
25,240
+6,606
| +35% | +$895K |
2014 Q4
24 quarters
|
|
|
18
iShares Select Dividend ETF
DVY
$22.8B
| $3.5M | 1.11% |
36,435
+11,004
| +43% | +$999K |
2014 Q4
24 quarters
|
|
19
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.3B
| $3.34M | 1.06% |
80,887
-834
| -1% | -$33.6K |
2019 Q3
5 quarters
|
|
20
Cohen & Steers Total Return Realty Fund
RFI
$276M
| $3.16M | 1% |
238,362
+4,900
| +2% | +$61.6K |
2020 Q2
2 quarters
|
|
|
IBDM
21
DELISTED
iShares iBonds Dec 2021 Term Corporate ETF
IBDM
| $2.99M | 0.94% |
119,905
| – | – |
2020 Q2
2 quarters
|
|
22
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.2B
| $2.77M | 0.88% |
20,060
-185
| -0.9% | -$25.2K |
2017 Q4
12 quarters
|
|
23
Global Payments
GPN
$21.4B
| $2.45M | 0.78% |
11,382
-115
| -1% | -$21.4K |
2019 Q3
5 quarters
|
|
24
iShares 1-3 Year Treasury Bond ETF
SHY
$26.8B
| $1.21M | 0.38% |
13,967
-25
| -0.2% | -$2.16K |
2014 Q4
24 quarters
|
|
|
25
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.87B
| $885K | 0.28% |
17,508
-22,813
| -57% | -$1.15M |
2020 Q1
3 quarters
|
|
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Cornerstone Management's Q4 2020 Portfolio in Review
As of Q4 2020, Cornerstone Management held 49 positions worth $316M, up 4.1% from $304M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Cornerstone Management withdrew a net $10.4M in Q4 2020, closing 4 positions and reducing 15 holdings. Its most notable exit was PIMCO Enhanced Short Maturity Active Exchange-Traded Fund, an estimated $6.28M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 96% of assets, down from 97% a quarter earlier, followed by Financials and Industrials.
Against the trend, Cornerstone Management opened a new position in Avantis US Small Cap Value ETF worth $580K.
- Cornerstone Management's largest Q4 2020 buy was Avantis US Small Cap Value ETF: 10,201 shares worth $580K.
- Cornerstone Management added most to Vanguard Morningstar Value ETF in Q4 2020, an estimated $4.76M increase.
- Cornerstone Management's biggest Q4 2020 reduction was JPMorgan Ultra-Short Income ETF, cutting an estimated $8.28M.
- Cornerstone Management fully exited PIMCO Enhanced Short Maturity Active Exchange-Traded Fund in Q4 2020, selling an estimated $6.28M.
- Cornerstone Management's ten largest holdings make up 81% of its $316M portfolio in Q4 2020.
- Cornerstone Management opened 2 new positions and closed 4 in Q4 2020.
- Cornerstone Management's portfolio value rose 4.1% quarter-over-quarter to $316M.
Based on Cornerstone Management's 13F filing for Q4 2020, filed 26 May 2023.