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 | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Morningstar Value ETF
VTV
$188B
| $77.3M | 21.77% |
550,492
-15,855
| -3% | -$2.18M |
2014 Q4
32 quarters
|
|
|
2
JPMorgan Ultra-Short Income ETF
JPST
$42.4B
| $61.6M | 17.34% |
1,228,134
-322,460
| -21% | -$16.2M |
2018 Q3
17 quarters
|
|
|
3
Vanguard Morningstar Growth ETF
VUG
$232B
| $54.4M | 15.31% |
1,530,576
+152,100
| +11% | +$5.6M |
2014 Q4
32 quarters
|
|
|
4
iShares Core US Aggregate Bond ETF
AGG
$137B
| $27.1M | 7.62% |
278,912
+6,710
| +2% | +$649K |
2014 Q4
32 quarters
|
|
5
iShares MSCI EAFE ETF
EFA
$76.2B
| $15.2M | 4.28% |
231,566
-2,976
| -1% | -$186K |
2014 Q4
32 quarters
|
|
6
Vanguard Morningstar Total Stock Market ETF
VTI
$692B
| $11.4M | 3.2% |
59,419
| – | – |
2019 Q4
12 quarters
|
|
|
7
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.2B
| $10.9M | 3.08% |
372,106
-188,324
| -34% | -$5.51M |
2018 Q3
17 quarters
|
|
|
8
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.06B
| $9.98M | 2.81% |
328,351
-293,689
| -47% | -$8.9M |
2021 Q1
7 quarters
|
|
|
9
Vanguard Morningstar Small-Cap Growth ETF
VBK
$22.3B
| $6.73M | 1.9% |
33,547
+4,888
| +17% | +$1,000K |
2018 Q4
16 quarters
|
|
10
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.4B
| $6.57M | 1.85% |
206,517
+3,500
| +2% | +$111K |
2017 Q2
22 quarters
|
|
11
Vanguard Morningstar Small-Cap Value ETF
VBR
$35.4B
| $6.17M | 1.74% |
38,825
+803
| +2% | +$128K |
2018 Q4
16 quarters
|
|
12
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| $5.93M | 1.67% |
126,988
+3,364
| +3% | +$153K |
2017 Q1
23 quarters
|
|
13
iShares Core US REIT ETF
USRT
$4.19B
| $5.8M | 1.63% |
117,197
+4,677
| +4% | +$232K |
2018 Q3
17 quarters
|
|
|
14
iShares MBS ETF
MBB
$35.7B
| $5.64M | 1.59% |
60,763
+2,905
| +5% | +$268K |
2021 Q1
7 quarters
|
|
15
Globe Life
GL
$12.8B
| $5.39M | 1.52% |
44,708
-1,000
| -2% | -$114K |
2017 Q4
20 quarters
|
|
16
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.7B
| $5M | 1.41% |
88,546
-5,412
| -6% | -$291K |
2017 Q4
20 quarters
|
|
17
iShares Select Dividend ETF
DVY
$22.8B
| $4.94M | 1.39% |
40,937
+958
| +2% | +$113K |
2014 Q4
32 quarters
|
|
18
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.3B
| $3.09M | 0.87% |
89,523
+3,444
| +4% | +$119K |
2019 Q3
13 quarters
|
|
19
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.87B
| $3.04M | 0.86% |
60,691
+903
| +2% | +$45.1K |
2020 Q1
11 quarters
|
|
20
Cohen & Steers Total Return Realty Fund
RFI
$277M
| $2.64M | 0.74% |
215,731
-3,120
| -1% | -$39.1K |
2020 Q2
10 quarters
|
|
21
Vanguard Dividend Appreciation ETF
VIG
$112B
| $2.57M | 0.72% |
16,937
-502
| -3% | -$74.8K |
2014 Q4
32 quarters
|
|
22
Avantis US Small Cap Value ETF
AVUV
$30.5B
| $2.43M | 0.68% |
32,624
-2,772
| -8% | -$208K |
2020 Q4
8 quarters
|
|
23
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.2B
| $2.18M | 0.61% |
20,671
+1,051
| +5% | +$110K |
2017 Q4
20 quarters
|
|
24
Pacer Data & Infrastructure Real Estate ETF
SRVR
$293M
| $1.42M | 0.4% |
48,790
+2,502
| +5% | +$72.4K |
2021 Q3
5 quarters
|
|
25
iShares Residential and Multisector Real Estate ETF
REZ
$788M
| $1.34M | 0.38% |
19,638
| – | – |
2021 Q3
5 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.