Latest Cornerstone Advisors, LLC Stock Portfolio

Cornerstone Advisors, LLC Performance:

2024 Q3: 3.35%YTD: 15.39%2023: 25%

Performance for 2024 Q3 is 3.35%, and YTD is 15.39%, and 2023 is 25%.

About Cornerstone Advisors, LLC and 13F Hedge Fund Stock Holdings

Cornerstone Advisors, LLC is a hedge fund based in ASHEVILLE, NC. On 16-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2 Billions. In it's latest 13F Holdings report, Cornerstone Advisors, LLC reported an equity portfolio of $2.5 Billions as of 30 Sep, 2024.

The top stock holdings of Cornerstone Advisors, LLC are AAPL, MSFT, NVDA. The fund has invested 7.1% of it's portfolio in APPLE INC and 5.9% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off ROYCE SMALL CAP TRUST INC, ROPER TECHNOLOGIES INC (ROP) and AUTODESK INC (ADSK) stocks. They significantly reduced their stock positions in VIRTUS CONVERTIBLE & INCOME, ANALOG DEVICES INC (ADI) and APPLE INC (AAPL). Cornerstone Advisors, LLC opened new stock positions in ISHARES TR (IJR), SPDR S&P 500 ETF TR (SPY) and VANGUARD WORLD FD (VAW). The fund showed a lot of confidence in some stocks as they added substantially to SELECT SECTOR SPDR TR (XLB), CINTAS CORP (CTAS) and PROLOGIS INC. (PLD).

Cornerstone Advisors, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Cornerstone Advisors, LLC made a return of 3.35% in the last quarter. In trailing 12 months, it's portfolio return was 24.9%.

New Buys

Ticker	$ Bought
ishares tr	8,248,530
spdr s&p 500 etf tr	6,598,240
vanguard world fd	4,574,860
uber technologies inc	1,149,950
blackrock corpor hi yld fd i	627,855
select sector spdr tr	460,446
ares dynamic cr allocation f	261,288
invesco sr income tr	179,894

New stocks bought by Cornerstone Advisors, LLC

Additions

Ticker	% Inc.
select sector spdr tr	1,788
cintas corp	351
prologis inc.	263
select sector spdr tr	197
public storage oper co	164
hancock john finl opptys fd	132
kla corp	129
blackrock enhancd cap & inm	120

Additions to existing portfolio by Cornerstone Advisors, LLC

Reductions

Ticker	% Reduced
virtus convertible & income	-97.98
eaton vance tax-managed glob	-96.97
gabelli divid & income tr	-96.36
duff & phelps utlity and inf	-95.88
blackrock innovation and grw	-90.86
adam nat res fd inc	-84.96
allspring utilities and high	-83.78
cohen & steers total return	-83.08

Cornerstone Advisors, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
clough global opportunities	-4,622,430
blackrock enhanced global di	-9,054,370
abrdn total dynamic dividend	-6,583,630
royce small cap trust inc	-10,628,100
eaton vance tax mnged buy wr	-6,560,660
clough global equity fd	-2,631,420
virtus convertible & inc fd	-1,007,960
clough global divid & income	-1,453,180

Cornerstone Advisors, LLC got rid off the above stocks

Sector Distribution

Cornerstone Advisors, LLC has about 24.2% of it's holdings in Technology sector.

Sector	%
Technology	24.2
Others	21.5
Healthcare	9.6
Financial Services	9.5
Consumer Cyclical	9
Communication Services	7.7
Industrials	6.5
Consumer Defensive	6.2
Energy	2.5
Utilities	2.1

Market Cap. Distribution

Cornerstone Advisors, LLC has about 78.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	50.4
LARGE-CAP	28.1
UNALLOCATED	21.5

Stocks belong to which Index?

About 78.9% of the stocks held by Cornerstone Advisors, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	78.9
Others	21.1

Top 5 Winners (%)		%
DHI	d r horton inc	35.4 %
PYPL	paypal hldgs inc	32.5 %
MMM	3m co	32.1 %
CBRE	cbre group inc	31.7 %
CEG	constellation energy corp	31.0 %

Top 5 Winners ($)		$
AAPL	apple inc	17.5 M
TSLA	tesla inc	10.3 M
META	meta platforms inc	6.0 M
WMT	walmart inc	4.9 M
XLB	select sector spdr tr	4.1 M

Top 5 Losers (%)		%
CTAS	cintas corp	-72.3 %
LRCX	lam research corp	-69.9 %
DXCM	dexcom inc	-35.9 %
MRNA	moderna inc	-35.6 %
DG	dollar gen corp new	-34.5 %

Top 5 Losers ($)		$
LRCX	lam research corp	-17.4 M
GOOG	alphabet inc	-9.5 M
CTAS	cintas corp	-7.5 M
MSFT	microsoft corp	-5.6 M
AMZN	amazon com inc	-3.3 M

Cornerstone Advisors, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Cornerstone Advisors, LLC

Cornerstone Advisors, LLC has 284 stocks in it's portfolio. About 34.9% of the portfolio is in top 10 stocks. LRCX proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Cornerstone Advisors, LLC last quarter.

Last Reported on: 08 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	7.12	772,600	180,016,000	reduced	-1.88

ABBV	abbvie inc	0.64	81,600	16,114,400	added	1.87

ABT	abbott labs	0.34	75,200	8,573,550	unchanged	0.00

ACN	accenture plc ireland	0.39	27,600	9,756,050	unchanged	0.00

ADBE	adobe inc	0.47	22,800	11,805,400	reduced	-0.87

ADI	analog devices inc	0.12	13,600	3,130,310	reduced	-14.47

ADM	archer daniels midland co	0.05	19,300	1,152,980	added	4.32

ADP	automatic data processing in	0.21	18,800	5,202,520	added	28.77

ADSK	autodesk inc	0.00	0.00	0.00	sold off	-100

AEP	american elec pwr co inc	0.14	33,200	3,406,320	added	1.22

AFL	aflac inc	0.11	25,100	2,806,180	unchanged	0.00

AIG	american intl group inc	0.05	18,800	1,376,720	added	1.62

AJG	gallagher arthur j & co	0.12	11,000	3,095,070	unchanged	0.00

ALB	albemarle corp	0.00	400	37,884	added	100

AMAT	applied matls inc	0.41	51,700	10,446,000	added	19.95

AMD	advanced micro devices inc	0.46	70,400	11,551,200	added	11.75

AMGN	amgen inc	0.32	25,400	8,184,130	added	10.92

AMT	american tower corp new	0.10	10,300	2,395,370	added	51.47

AMZN	amazon com inc	3.58	485,300	90,426,000	added	1.38

ANET	arista networks inc	0.06	4,000	1,535,280	unchanged	0.00