Cornerstone Advisory 13F annual report
Cornerstone Advisory is an investment fund managing more than $707 billion ran by Lonny Elfenbein. There are currently 171 companies in Mrs. Elfenbein’s portfolio. The largest investments include J P Morgan Exchange Traded F and Ishares Tr, together worth $211 billion.
$707 billion Assets Under Management (AUM)
As of 7th August 2024, Cornerstone Advisory’s top holding is 2,073,712 shares of J P Morgan Exchange Traded F currently worth over $117 billion and making up 16.5% of the portfolio value.
In addition, the fund holds 538,661 shares of Ishares Tr worth $94.4 billion.
The third-largest holding is Vanguard Whitehall Fds worth $34.9 billion and the next is Apple Inc worth $26.7 billion, with 126,737 shares owned.
Currently, Cornerstone Advisory's portfolio is worth at least $707 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cornerstone Advisory
The Cornerstone Advisory office and employees reside in Hunt Valley, Maryland. According to the last 13-F report filed with the SEC, Lonny Elfenbein serves as the Chief Compliance Officer at Cornerstone Advisory.
Recent trades
In the most recent 13F filing, Cornerstone Advisory revealed that it had opened a new position in
American Centy Etf Tr and bought 7,777 shares worth $698 million.
The investment fund also strengthened its position in J P Morgan Exchange Traded F by buying
2,792 additional shares.
This makes their stake in J P Morgan Exchange Traded F total 2,073,712 shares worth $117 billion.
On the other hand, there are companies that Cornerstone Advisory is getting rid of from its portfolio.
Cornerstone Advisory closed its position in Valero on 14th August 2024.
It sold the previously owned 5,793 shares for $989 million.
Lonny Elfenbein also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%.
This leaves the value of the investment at $17.5 billion and 42,931 shares.
One of the average hedge funds
The two most similar investment funds to Cornerstone Advisory are Joho Capital and Maven Securities Ltd. They manage $707 billion and $706 billion respectively.
Lonny Elfenbein investment strategy
Cornerstone Advisory’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 8.5% of
the total portfolio value.
The fund focuses on investments in the United States as
45.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
43% of the total holdings value.
On the other hand, small-cap stocks make up only 1.8% of the portfolio.
The average market cap of the portfolio companies is close to $197 billion.
The complete list of Cornerstone Advisory trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| J P Morgan Exchange Traded F |
0.13%
2,073,712
|
$116,548,378,000 | 16.49% |
| Ishares Tr |
0.69%
538,661
|
$94,392,119,000 | 13.35% |
| Vanguard Whitehall Fds |
2.69%
296,567
|
$34,912,619,000 | 4.94% |
| Apple Inc |
1.59%
126,737
|
$26,693,250,000 | 3.78% |
| Goldman Sachs Etf Tr |
21.31%
416,997
|
$33,862,650,000 | 4.79% |
| Vanguard Admiral Fds Inc |
63.68%
59,351
|
$19,790,644,000 | 2.80% |
| Berkshire Hathaway Inc. |
1.66%
42,931
|
$17,464,331,000 | 2.47% |
| T Rowe Price Etf Inc |
8.51%
523,983
|
$16,584,171,000 | 2.35% |
| Alphabet Inc |
4.28%
126,155
|
$23,032,078,000 | 3.26% |
| Vanguard World Fd |
0.18%
57,009
|
$23,353,668,000 | 3.30% |
| Amazon.com Inc. |
3.78%
76,378
|
$14,760,049,000 | 2.09% |
| Microsoft Corporation |
6.68%
32,247
|
$14,413,048,000 | 2.04% |
| Janus Detroit Str Tr |
3.94%
245,070
|
$12,469,140,000 | 1.76% |
| Pimco Dynamic Income Fd |
6.99%
584,238
|
$10,989,511,000 | 1.55% |
| Blackrock Muniyild Qult Fd I |
1.51%
878,928
|
$10,793,235,000 | 1.53% |
| Pimco Etf Tr |
15.99%
115,017
|
$10,475,732,000 | 1.48% |
| Vanguard Specialized Funds |
0.07%
57,112
|
$10,425,768,000 | 1.47% |
| Nuveen Pfd Income Term Fd |
10.52%
517,686
|
$10,069,002,000 | 1.42% |
| VanEck ETF Trust |
5.37%
110,967
|
$9,610,892,000 | 1.36% |
| Price T Rowe Group Inc |
0.01%
69,403
|
$8,002,875,000 | 1.13% |
| Vanguard Index Fds |
5.07%
110,873
|
$24,684,993,000 | 3.49% |
| Meta Platforms Inc |
1.05%
13,422
|
$6,767,699,000 | 0.96% |
| NVIDIA Corp |
1,351.48%
52,108
|
$6,437,414,000 | 0.91% |
| Pimco Dynamic Income Oprnts |
1.50%
437,883
|
$5,819,464,000 | 0.82% |
| Spdr Ser Tr |
1.70%
63,006
|
$7,249,445,000 | 1.03% |
| Blackrock Health Sciences Tr |
1.96%
136,294
|
$5,567,587,000 | 0.79% |
| Invesco Exchange Traded Fd T |
0.46%
230,008
|
$7,962,784,000 | 1.13% |
| Visa Inc |
4.11%
18,804
|
$4,935,444,000 | 0.70% |
| Cencora Inc. |
0.01%
20,807
|
$4,687,817,000 | 0.66% |
| Nuveen Amt Free Mun Cr Inc F |
8.79%
361,426
|
$4,503,367,000 | 0.64% |
| Pacer Fds Tr |
0.64%
75,457
|
$4,111,652,000 | 0.58% |
| Spdr Sp 500 Etf Tr |
43.01%
7,252
|
$3,946,942,000 | 0.56% |
| Mastercard Incorporated |
2.68%
8,930
|
$3,939,407,000 | 0.56% |
| Cohen Steers Select Pfd |
1.13%
161,444
|
$3,193,373,000 | 0.45% |
| Abbvie Inc |
24.32%
15,987
|
$2,742,010,000 | 0.39% |
| Jpmorgan Chase Co. |
7.61%
12,402
|
$2,508,330,000 | 0.35% |
| Johnson Johnson |
4.25%
17,129
|
$2,503,527,000 | 0.35% |
| Nuveen Quality Muncp Income |
12.28%
195,803
|
$2,298,726,000 | 0.33% |
| Eli Lilly Co |
3.86%
2,531
|
$2,291,401,000 | 0.32% |
| Exxon Mobil Corp. |
5.25%
19,847
|
$2,284,824,000 | 0.32% |
| Select Sector Spdr Tr |
15.38%
55,605
|
$6,152,199,000 | 0.87% |
| Procter And Gamble Co |
1.19%
12,369
|
$2,039,846,000 | 0.29% |
| Costco Whsl Corp New |
1.73%
2,176
|
$1,849,984,000 | 0.26% |
| Stryker Corp. |
0.69%
5,222
|
$1,776,667,000 | 0.25% |
| Unitedhealth Group Inc |
9.57%
3,413
|
$1,738,088,000 | 0.25% |
| Philip Morris International Inc |
169.76%
16,188
|
$1,640,330,000 | 0.23% |
| Merck Co Inc |
4.70%
12,964
|
$1,604,993,000 | 0.23% |
| Pimco Mun Income Fd Ii |
6.38%
170,430
|
$1,453,774,000 | 0.21% |
| Applied Matls Inc |
3.58%
5,954
|
$1,405,084,000 | 0.20% |
| Oracle Corp. |
3.94%
9,931
|
$1,402,202,000 | 0.20% |
| Palo Alto Networks Inc |
23.97%
4,091
|
$1,386,890,000 | 0.20% |
| Oaktree Specialty Lending Co |
4.15%
65,442
|
$1,274,997,000 | 0.18% |
| Gartner, Inc. |
4.36%
2,766
|
$1,242,100,000 | 0.18% |
| Ishares Inc |
11.65%
21,337
|
$1,142,167,000 | 0.16% |
| Home Depot, Inc. |
15.07%
3,112
|
$1,071,444,000 | 0.15% |
| Danaher Corp. |
0.05%
3,980
|
$994,412,000 | 0.14% |
| Valero Energy Corp. |
Closed
5,793
|
$988,807,000 | |
| Union Pac Corp |
0.48%
4,323
|
$978,130,000 | 0.14% |
| Pepsico Inc |
1.57%
5,912
|
$975,084,000 | 0.14% |
| Vanguard Intl Equity Index F |
1.31%
22,910
|
$1,246,558,000 | 0.18% |
| Bank America Corp |
0.15%
24,082
|
$957,752,000 | 0.14% |
| Appian Corp |
5.90%
29,807
|
$919,844,000 | 0.13% |
| Ssga Active Etf Tr |
11.16%
28,108
|
$1,127,385,000 | 0.16% |
| Truist Finl Corp |
3.60%
20,354
|
$790,753,000 | 0.11% |
| AMGEN Inc. |
0.32%
2,476
|
$773,483,000 | 0.11% |
| Invesco Exch Traded Fd Tr Ii |
22.76%
3,911
|
$770,932,000 | 0.11% |
| Proshares Tr |
0.34%
8,000
|
$769,040,000 | 0.11% |
| Advanced Micro Devices Inc. |
3.06%
4,654
|
$754,925,000 | 0.11% |
| RTX Corp |
3.04%
7,515
|
$754,431,000 | 0.11% |
| Mcdonalds Corp |
7.65%
2,933
|
$747,493,000 | 0.11% |
| Trane Technologies plc |
0.53%
2,258
|
$742,724,000 | 0.11% |
| Disney Walt Co |
24.74%
7,455
|
$740,242,000 | 0.10% |
| Honeywell International Inc |
5.79%
3,465
|
$739,878,000 | 0.10% |
| Kayne Anderson Energy Infrst |
36.31%
71,270
|
$736,223,000 | 0.10% |
| Walmart Inc |
13.97%
10,831
|
$733,351,000 | 0.10% |
| Lockheed Martin Corp. |
24.20%
1,516
|
$707,961,000 | 0.10% |
| American Centy Etf Tr |
Opened
7,777
|
$697,752,000 | 0.10% |
| Marriott Intl Inc New |
4.00%
2,830
|
$684,192,000 | 0.10% |
| Broadcom Inc |
40.34%
426
|
$683,956,000 | 0.10% |
| Vanguard Scottsdale Fds |
20.79%
18,055
|
$1,215,666,000 | 0.17% |
| Shenandoah Telecommunication |
Opened
41,151
|
$671,996,000 | 0.10% |
| Duke Energy Corp. |
14.60%
6,625
|
$664,024,000 | 0.09% |
| Chipotle Mexican Grill |
Closed
222
|
$645,303,000 | |
| Chevron Corp. |
35.66%
4,030
|
$630,426,000 | 0.09% |
| NextEra Energy Inc |
20.67%
8,808
|
$623,694,000 | 0.09% |
| Altria Group Inc. |
3.24%
13,609
|
$619,871,000 | 0.09% |
| CSX Corp. |
13.53%
17,826
|
$596,280,000 | 0.08% |
| American Tower Corp. |
23.70%
2,988
|
$580,807,000 | 0.08% |
| Boeing Co. |
6.98%
3,144
|
$572,239,000 | 0.08% |
| Automatic Data Processing In |
15.23%
2,372
|
$566,127,000 | 0.08% |
| Caterpillar Inc. |
6.44%
1,670
|
$556,352,000 | 0.08% |
| Constellation Energy Corp |
41.98%
2,752
|
$551,175,000 | 0.08% |
| American Elec Pwr Co Inc |
27.32%
6,239
|
$547,410,000 | 0.08% |
| International Business Machs |
0.22%
3,126
|
$540,582,000 | 0.08% |
| First Tr Exch Traded Fd Iii |
1.50%
29,948
|
$519,901,000 | 0.07% |
| Waste Mgmt Inc Del |
1.60%
2,420
|
$516,376,000 | 0.07% |
| Schwab Charles Corp |
Closed
6,974
|
$504,499,000 | |
| Cohen Steers Infrastructur |
85.41%
21,446
|
$482,106,000 | 0.07% |
| Pfizer Inc. |
30.48%
17,202
|
$481,314,000 | 0.07% |
| Abbott Labs |
13.01%
4,567
|
$474,557,000 | 0.07% |
| Northrop Grumman Corp. |
0.37%
1,079
|
$470,391,000 | 0.07% |
| Moodys Corp |
0.36%
1,114
|
$468,916,000 | 0.07% |
| Tractor Supply Co. |
No change
1,736
|
$468,720,000 | 0.07% |
| Blackstone Inc |
20.36%
3,724
|
$460,982,000 | 0.07% |
| Texas Instrs Inc |
0.85%
2,266
|
$440,805,000 | 0.06% |
| Pure Storage Inc |
25.65%
6,840
|
$439,196,000 | 0.06% |
| Wells Fargo Co New |
0.43%
7,245
|
$430,281,000 | 0.06% |
| Public Storage Oper Co |
1.44%
1,480
|
$425,722,000 | 0.06% |
| Coca-Cola Co |
3.20%
6,655
|
$423,591,000 | 0.06% |
| The Southern Co. |
4.30%
5,359
|
$415,663,000 | 0.06% |
| Verizon Communications Inc |
46.93%
10,072
|
$415,352,000 | 0.06% |
| Thermo Fisher Scientific Inc. |
7.84%
741
|
$409,773,000 | 0.06% |
| United Parcel Service, Inc. |
Closed
2,745
|
$407,990,000 | |
| Emerson Elec Co |
17.54%
3,699
|
$407,495,000 | 0.06% |
| Snowflake Inc. |
Closed
2,505
|
$404,808,000 | |
| Bunge Global SA |
No change
3,735
|
$398,786,000 | 0.06% |
| British Amern Tob Plc |
Closed
13,000
|
$396,500,000 | |
| Qualcomm, Inc. |
5.06%
1,895
|
$377,499,000 | 0.05% |
| Prologis Inc |
4.73%
3,343
|
$375,452,000 | 0.05% |
| Spdr Gold Tr |
Closed
1,810
|
$372,353,000 | |
| Cisco Sys Inc |
31.81%
7,793
|
$370,256,000 | 0.05% |
| Dominion Energy Inc |
2.77%
7,402
|
$362,698,000 | 0.05% |
| Avalonbay Cmntys Inc |
0.99%
1,737
|
$359,368,000 | 0.05% |
| Energy Transfer L P |
64.39%
22,080
|
$358,134,000 | 0.05% |
| Linde Plc. |
Opened
812
|
$356,314,000 | 0.05% |
| Adobe Inc |
6.45%
627
|
$348,324,000 | 0.05% |
| LCNB Corp |
No change
24,500
|
$340,795,000 | 0.05% |
| Marsh Mclennan Cos Inc |
3.93%
1,612
|
$339,766,000 | 0.05% |
| Tesla Inc |
10.53%
1,708
|
$337,979,000 | 0.05% |
| Air Prods Chems Inc |
5.57%
1,308
|
$337,529,000 | 0.05% |
| Crown Castle Inc |
57.93%
3,413
|
$333,450,000 | 0.05% |
| Bristol-Myers Squibb Co. |
29.56%
8,024
|
$333,252,000 | 0.05% |
| Uber Technologies Inc |
2.55%
4,579
|
$332,802,000 | 0.05% |
| Intel Corp. |
5.61%
10,613
|
$328,669,000 | 0.05% |
| Targa Res Corp |
Closed
2,913
|
$326,227,000 | |
| AT&T Inc. |
Closed
18,438
|
$324,506,000 | |
| GE Aerospace |
0.58%
2,041
|
$324,406,000 | 0.05% |
| Mondelez International Inc. |
26.25%
4,915
|
$321,633,000 | 0.05% |
| Marvell Technology Inc |
Closed
4,515
|
$320,023,000 | |
| 3M Co. |
1.18%
3,096
|
$316,401,000 | 0.04% |
| Amplify Etf Tr |
Closed
8,060
|
$313,382,000 | |
| Spdr Dow Jones Indl Average |
No change
780
|
$305,081,000 | 0.04% |
| Kkr Co Inc |
6.48%
2,885
|
$303,617,000 | 0.04% |
| Prudential Finl Inc |
Closed
2,586
|
$303,596,000 | |
| Medtronic Plc |
40.25%
3,825
|
$301,066,000 | 0.04% |
| CVS Health Corp |
Closed
3,763
|
$300,151,000 | |
| Corning, Inc. |
0.20%
7,678
|
$298,290,000 | 0.04% |
| Amphenol Corp. |
96.41%
4,376
|
$294,811,000 | 0.04% |
| Exelon Corp. |
26.71%
8,492
|
$293,908,000 | 0.04% |
| Conocophillips |
23.95%
2,546
|
$291,211,000 | 0.04% |
| Deckers Outdoor Corp. |
No change
292
|
$282,641,000 | 0.04% |
| Dimensional Etf Trust |
No change
4,650
|
$279,372,000 | 0.04% |
| Simon Ppty Group Inc New |
1.11%
1,828
|
$277,490,000 | 0.04% |
| Blackrock Inc. |
12.14%
351
|
$276,349,000 | 0.04% |
| Compass Diversified |
0.16%
12,552
|
$274,763,000 | 0.04% |
| Tortoise Midstrm Energy Fd I |
67.87%
6,175
|
$265,222,000 | 0.04% |
| Goldman Sachs Group, Inc. |
7.28%
586
|
$264,933,000 | 0.04% |
| Hunt J B Trans Svcs Inc |
0.49%
1,641
|
$262,533,000 | 0.04% |
| Netflix Inc. |
9.98%
388
|
$261,853,000 | 0.04% |
| Ares Capital Corp |
10.68%
12,540
|
$261,334,000 | 0.04% |
| Enterprise Prods Partners L |
39.04%
8,977
|
$260,153,000 | 0.04% |
| Constellation Brands, Inc. |
59.41%
1,009
|
$259,596,000 | 0.04% |
| Morgan Stanley |
27.24%
2,642
|
$256,776,000 | 0.04% |
| Salesforce Inc |
Closed
851
|
$256,304,000 | |
| Akamai Technologies Inc |
27.44%
2,829
|
$254,836,000 | 0.04% |
| Starbucks Corp. |
14.48%
3,241
|
$252,338,000 | 0.04% |
| Oneok Inc. |
4.57%
3,050
|
$248,728,000 | 0.04% |
| Zoetis Inc |
Closed
1,424
|
$241,033,000 | |
| Deere Co |
9.30%
644
|
$240,466,000 | 0.03% |
| VanEck ETF Trust |
Opened
907
|
$236,455,000 | 0.03% |
| Archer Daniels Midland Co. |
0.52%
3,890
|
$235,151,000 | 0.03% |
| C3.ai Inc |
0.74%
8,016
|
$232,143,000 | 0.03% |
| Chubb Limited |
15.83%
872
|
$222,430,000 | 0.03% |
| Vanguard Tax-managed Fds |
6.51%
4,418
|
$218,334,000 | 0.03% |
| Allstate Corp (The) |
Closed
1,261
|
$218,114,000 | |
| Fedex Corp |
Closed
748
|
$216,725,000 | |
| Global X Fds |
Closed
12,759
|
$215,749,000 | |
| Sandy Spring Bancorp |
Closed
9,293
|
$215,412,000 | |
| Phillips 66 |
Closed
1,308
|
$213,649,000 | |
| Nike, Inc. |
30.03%
2,814
|
$212,094,000 | 0.03% |
| Kimberly-Clark Corp. |
Opened
1,529
|
$211,308,000 | 0.03% |
| First Tr Value Line Divid In |
Closed
5,000
|
$211,150,000 | |
| KLA Corp. |
Opened
253
|
$208,601,000 | 0.03% |
| Ishares Tr |
Opened
2,500
|
$203,525,000 | 0.03% |
| Eaton Vance Tax-managed Glob |
9.63%
24,259
|
$200,619,000 | 0.03% |
| First Tr Exchng Traded Fd Vi |
Opened
10,387
|
$192,980,000 | 0.03% |
| First Tr Energy Income & Gro |
Closed
11,800
|
$192,812,000 | |
| Pimco Corporate Income Opp |
No change
12,000
|
$171,720,000 | 0.02% |
| Blackrock Muniyield Fd Inc |
No change
12,141
|
$131,724,000 | 0.02% |
| Bny Mellon Strategic Muns In |
36.81%
20,023
|
$122,543,000 | 0.02% |
| Nuveen Virginia Qlty Muncpl |
No change
10,000
|
$115,001,000 | 0.02% |
| Pinstripes Holdings Inc |
No change
35,191
|
$96,775,000 | 0.01% |
| Commscope Hldg Co Inc |
Opened
25,250
|
$31,058,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 193 holdings | |||
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