CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC
Long book
$648.0M
Q1 2026
Positions
134
Top-10 weight
53%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsCORNERSTONE ADVISORS ASSET MANAGEMENT, LLC is a wealth-management firm allocating client money, running a $648.0M US long book across 134 positions.
The portfolio is concentrated: the top 10 names carry 53% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SCHWAB US LARGE-CAP ETF, VANGUARD FTSE ALL-WORLD EX-U, SS SPDR P AGG BOND ETF, HARTFORD TTL RTRN BND ETF, ISHARES CORE S&P 500 ETF.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.4%
Q2 2024
+6.1%
Q3 2024
-0.7%
Q4 2024
-0.8%
Q1 2025
+6.3%
Q2 2025
+5.6%
Q3 2025
+2.2%
Q4 2025
-0.8%
Q1 2026
+9.3%
Sector allocation
Financials 35%
Technology 27%
Consumer discretionary 10%
Healthcare 10%
Energy 8%
Utilities 3%
Industrials 3%
Other 3%
Long book by quarter
What does CORNERSTONE ADVISORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 6 | $4.3M | 0.7% | +500.0% |
| AAPL APPLE INC | Technology | 8.8K | $2.2M | 0.3% | -3.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.7K | $1.3M | 0.2% | +0.2% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 4.9K | $1.2M | 0.2% | +2.2% |
| MSFT MICROSOFT CORP | Technology | 2.5K | $915K | 0.1% | -9.0% |
| XOM EXXON MOBIL CORP | Energy | 5.2K | $878K | 0.1% | +82.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.6K | $875K | 0.1% | Held |
| NVDA NVIDIA CORP | Technology | 4.9K | $858K | 0.1% | -3.2% |
| PFIS PEOPLES FINANCIAL SERVICES | Financials | 15.2K | $808K | 0.1% | Held |
| PPL PPL CORP | Utilities | 19.9K | $759K | 0.1% | -1.4% |
| ABBV ABBVIE INC | Healthcare | 3.4K | $729K | 0.1% | +2.9% |
| YUM YUM! BRANDS INC | Consumer discretionary | 4.4K | $678K | 0.1% | +3.9% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 2.0K | $588K | 0.1% | Held |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 20.0K | $447K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 134 | $648.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 133 | $616.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 128 | $572.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 113 | $519.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 124 | $488.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 106 | $462.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 105 | $452.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Nov 18, 2024 | 102 | $354.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Nov 18, 2024 | 103 | $284.3M | canonical | SEC ↗ |