CA
Cornerstone Advisors Inc Historical SEC 13F Holdings & Archive (Q4 2021)
Cornerstone Advisors IncCIK: 0001166880
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$1.8B
Reporting period: 2021-12-31 · Number of holdings: 173
CORNERSTONE ADVISORS INC disclosed 173 holdings in its latest 13F filing for the period ending 2021-12-31, with total reported value of $1.8B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 8.12
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 44.51
- Diversification
- 100
- Sizing Uniformity
- 84.1
Cornerstone Advisors Inc's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 49 equally-sized positions, well below its 173 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.59), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AAPL
+386.1% $92.2M
Add AMZN
+53.3% $70.0M
New buy NVDA
New buy TSLA
Sold out XOM
Sold out VZ
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 6.42% | +4.32% | +386.13% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 5.83% | +2.81% | +53.33% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 5.63% | +1.07% | -35.62% | |
| 4 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.94% | +1.11% | -22.29% | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.66% | +1.08% | +69.07% | |
| 6 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 2.29% | +1.51% | +115.38% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 2.28% | +2.28% | NEW | |
| 8 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.21% | -0.10% | -8.87% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.01% | +0.95% | +40.13% | |
| 10 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.89% | +1.89% | NEW | |
| 11 | V | Visa Inc-class A Shares | Stock-Financials | 1.68% | +0.11% | +15.23% | |
| 12 | MA | Mastercard Inc - A | Stock-Financials | 1.35% | +0.21% | +15.58% | |
| 13 | ADX | Adams Diversified Equity | Stock-Other | 1.33% | — | -32.74% | |
| 14 | BAC | Bank Of America CORP | Stock-Financials | 1.31% | — | -13.92% | |
| 15 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.22% | +0.45% | — | |
| 16 | XLE | Ss Energy Select Sector | ETF-Other | 1.22% | +1.22% | NEW | |
| 17 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.14% | — | -10.49% | |
| 18 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.08% | +1.08% | NEW | |
| 19 | GAM | General American Investors | Stock-Other | 1.06% | — | -30.96% | |
| 20 | NFLX | Netflix Inc | Stock-Comm Services | 1.01% | +1.01% | NEW | |
| 21 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.98% | — | -28.57% | |
| 22 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.97% | — | -4.17% | |
| 23 | INTC | Intel CORP | Stock-Tech | 0.95% | — | -20.32% | |
| 24 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.87% | — | +6.67% | |
| 25 | ABT | Abbott Laboratories | Stock-Healthcare | 0.86% | — | -29.81% | |
| 26 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.86% | +0.38% | +12.96% | |
| 27 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.83% | — | -30.59% | |
| 28 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.82% | — | -43.59% | |
| 29 | UNP | Union Pacific CORP | Stock-Industrials | 0.81% | — | -16.90% | |
| 30 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.80% | +0.31% | — | |
| 31 | WFC | Wells Fargo & Co | Stock-Financials | 0.76% | +0.76% | NEW | |
| 32 | NEE | Nextera Energy Inc | Stock-Utilities | 0.76% | +0.34% | +455.56% | |
| 33 | HON | Honeywell International Inc | Stock-Industrials | 0.74% | — | +85.71% | |
| 34 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.73% | +0.73% | NEW | |
| 35 | INTU | Intuit Inc | Stock-Tech | 0.73% | — | -8.70% | |
| 36 | ABBV | Abbvie Inc | Stock-Healthcare | 0.73% | +0.73% | NEW | |
| 37 | XLK | Ss Technology Select Sector | ETF-Tech | 0.71% | +0.71% | NEW | |
| 38 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.70% | — | -22.68% | |
| 39 | PM | Philip Morris International | Stock-Consumer Staples | 0.70% | +0.70% | NEW | |
| 40 | MDT | Medtronic plc | Stock-Healthcare | 0.69% | — | +6.96% | |
| 41 | AMD | Advanced Micro Devices | Stock-Tech | 0.69% | +0.69% | NEW | |
| 42 | QCOM | Qualcomm Inc | Stock-Tech | 0.69% | +0.69% | NEW | |
| 43 | ADBE | Adobe Inc | Stock-Tech | 0.68% | +0.38% | +57.14% | |
| 44 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.66% | — | -35.72% | |
| 45 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.62% | — | -4.00% | |
| 46 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.62% | +0.62% | NEW | |
| 47 | AMT | American Tower CORP | Stock-Real Estate | 0.62% | +0.62% | NEW | |
| 48 | CHTR | Charter Communications Inc-a | Stock-Comm Services | 0.61% | +0.61% | NEW | |
| 49 | C | Citigroup Inc | Stock-Financials | 0.59% | — | -3.07% | |
| 50 | CRM | Salesforce Inc | Stock-Tech | 0.58% | — | +121.05% |
1–50 of 173
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2021 Q4 | 173 | $1.8B | 0 | ||
| 2019 Q1 | 193 | $1.2B | 38 | ||
| 2018 Q4 | 223 | $1.1B | 41 | ||
| 2018 Q3 | 221 | $1.4B | 61 | ||
| 2018 Q2 | 194 | $826.6M | 25 | ||
| 2018 Q1 | 203 | $840.8M | 26 | ||
| 2017 Q4 | 234 | $879.1M | 29 | ||
| 2017 Q3 | 252 | $864.3M | 64 | ||
| 2017 Q2 | 233 | $545.4M | 41 | ||
| 2017 Q1 | 221 | $554.2M | 41 | ||
| 2016 Q4 | 233 | $542.0M | 65 | ||
| 2016 Q3 | 206 | $393.9M | 40 | ||
| 2016 Q2 | 211 | $404.0M | 41 | ||
| 2016 Q1 | 202 | $412.6M | 36 | ||
| 2015 Q4 | 222 | $430.8M | 43 | ||
| 2015 Q3 | 239 | $425.1M | 39 | ||
| 2015 Q2 | 211 | $448.3M | 24 | ||
| 2015 Q1 | 242 | $484.3M | 36 | ||
| 2014 Q4 | 262 | $501.8M | 27 | ||
| 2014 Q3 | 264 | $511.7M | 24 | ||
| 2014 Q2 | 261 | $502.7M | 39 | ||
| 2014 Q1 | 266 | $424.9M | 31 | ||
| 2013 Q4 | 259 | $407.2M | 59 | ||
| 2013 Q3 | 229 | $306.6M | 43 | ||
| 2013 Q2 | 196 | $255.3M | 0 |
Holding changes this quarter
Cornerstone Advisors Inc's most significant position changes for 2021-12-31: New buy: Nvidia CORP (NVDA); New buy: Tesla Inc (TSLA); Sold out: Exxon Mobil CORP (XOM); New buy: Ss Energy Select Sector (XLE); Sold out: Verizon Communications Inc (VZ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +4.3% | +386.13% | Add |
| 2 | AMZN | Amazon.com Inc | +2.8% | +53.33% | Add |
| 3 | NVDA | Nvidia CORP | +2.3% | NEW | New buy |
| 4 | TSLA | Tesla Inc | +1.9% | NEW | New buy |
| 5 | UNH | Unitedhealth Group Inc | +1.5% | +115.38% | Add |
| 6 | XLE | Ss Energy Select Sector | +1.2% | NEW | New buy |
| 7 | GOOG | Alphabet Inc-cl C | +1.1% | -22.29% | Trim |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | +1.1% | +69.07% | Add |
| 9 | KO | Coca-cola Co/the | +1.1% | NEW | New buy |
| 10 | MSFT | Microsoft CORP | +1.1% | -35.62% | Trim |
| 11 | NFLX | Netflix Inc | +1% | NEW | New buy |
| 12 | META | Meta Platforms Inc-class A | +1% | +40.13% | Add |
| 13 | WFC | Wells Fargo & Co | +0.8% | NEW | New buy |
| 14 | QQQ | Invesco Qqq Trust Series 1 | +0.7% | NEW | New buy |
| 15 | ABBV | Abbvie Inc | +0.7% | NEW | New buy |
| 16 | XLK | Ss Technology Select Sector | +0.7% | NEW | New buy |
| 17 | PM | Philip Morris International | +0.7% | NEW | New buy |
| 18 | AMD | Advanced Micro Devices | +0.7% | NEW | New buy |
| 19 | QCOM | Qualcomm Inc | +0.7% | NEW | New buy |
| 20 | BMY | Bristol-myers Squibb Co | +0.6% | NEW | New buy |
| 21 | AMT | American Tower CORP | +0.6% | NEW | New buy |
| 22 | CHTR | Charter Communications Inc-a | +0.6% | NEW | New buy |
| 23 | GS | Goldman Sachs Group Inc | +0.5% | NEW | New buy |
| 24 | AMAT | Applied Materials Inc | +0.5% | NEW | New buy |
| 25 | PYPL | Paypal Holdings Inc | +0.5% | NEW | New buy |
| 26 | GE | General Electric | +0.5% | NEW | New buy |
| 27 | COST | Costco Wholesale CORP | +0.5% | — | Unchanged |
| 28 | LOW | Lowe's Cos Inc | +0.4% | +12.96% | Add |
| 29 | ADBE | Adobe Inc | +0.4% | +57.14% | Add |
| 30 | NEE | Nextera Energy Inc | +0.3% | +455.56% | Add |
| 31 | TMO | Thermo Fisher Scientific Inc | +0.3% | — | Unchanged |
| 32 | MA | Mastercard Inc - A | +0.2% | +15.58% | Add |
| 33 | V | Visa Inc-class A Shares | +0.1% | +15.23% | Add |
| 34 | JPM | Jpmorgan Chase & Co | -0.1% | -8.87% | Trim |
| 35 | TXN | Texas Instruments Inc | -0.8% | EXIT | Sold out |
| 36 | JRI | Nuveen Real Asset Inc & Grw | -0.8% | -89.85% | Trim |
| 37 | BCX | Blackrock Resources & Commod | -0.9% | EXIT | Sold out |
| 38 | PEO | Adams Natural Resources Fund | -0.9% | -65.27% | Trim |
| 39 | AVGO | Broadcom Inc | -0.9% | EXIT | Sold out |
| 40 | XAODX | Abrdn Total Dynamic Dividend | -1% | EXIT | Sold out |
| 41 | PEP | Pepsico Inc | -1.1% | EXIT | Sold out |
| 42 | BA | Boeing Co/the | -1.2% | -11.11% | Trim |
| 43 | IGR | Cbre Global Real Estate Inc | -1.2% | EXIT | Sold out |
| 44 | NFJ | Virtus Dividend, Interest & Premium Strategy Fund | -1.2% | EXIT | Sold out |
| 45 | HD | Home Depot Inc | -1.6% | EXIT | Sold out |
| 46 | PFE | Pfizer Inc | -1.7% | EXIT | Sold out |
| 47 | WMT | Walmart Inc | -1.7% | -85.14% | Trim |
| 48 | CSCO | Cisco Systems Inc | -1.8% | -90.14% | Trim |
| 49 | VZ | Verizon Communications Inc | -1.8% | EXIT | Sold out |
| 50 | XOM | Exxon Mobil CORP | -1.9% | EXIT | Sold out |
Filing History
FAQ
What is Cornerstone Advisors Inc and what type of investor is it?
Cornerstone Advisors Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2021-12-31), the firm manages a tracked equity portfolio valued at approximately $1.8B, spread across 173 disclosed positions.
What are Cornerstone Advisors Inc's largest equity positions?
Based on the latest 13F filing, Cornerstone Advisors Inc's top holdings by market value are:
1. Apple Inc (AAPL) — $118.3M (6.4%)
2. Amazon.com Inc (AMZN) — $107.4M (5.8%)
3. Microsoft CORP (MSFT) — $103.6M (5.6%)
4. Alphabet Inc-cl C (GOOG) — $90.9M (4.9%)
5. Berkshire Hathaway Inc-cl B (BRK-B) — $49.0M (2.7%)
What changes did Cornerstone Advisors Inc make in its most recent portfolio filing?
In the latest reported quarter, Cornerstone Advisors Inc made 48 notable position adjustments: 19 new positions were initiated, 10 existing holdings were added to, 8 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: Nvidia CORP (NVDA); New buy: Tesla Inc (TSLA); Sold out: Exxon Mobil CORP (XOM); New buy: Ss Energy Select Sector (XLE); Sold out: Verizon Communications Inc (VZ)
What sectors does Cornerstone Advisors Inc focus on?
Cornerstone Advisors Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 24.5%
• Health Care: 15.9%
• Consumer Discretionary: 13.9%
• Financials: 13.3%
• Communication Services: 12.2%
• Industrials: 7.3%
Investment Profile
Cornerstone Advisors Inc's portfolio is broadly diversified and long-term-holding.
Its turnover score has fallen from 25 to 0 over the past 4 quarters — a shift toward longer holding periods.
It has added to its AMZN position over the past two quarters (+$74.3M, now $107.4M), while trimming MCD over the same stretch (-$903.0K, still holding $5.9M).
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