Cornerstone Management 13F annual report
Cornerstone Management is an investment fund managing more than $455 billion ran by Lisa Smith. There are currently 31 companies in Mrs. Smith’s portfolio. The largest investments include Vanguard Index Fds and J P Morgan Exchange Traded F, together worth $292 billion.
$455 billion Assets Under Management (AUM)
As of 17th July 2024, Cornerstone Management’s top holding is 938,398 shares of Vanguard Index Fds currently worth over $220 billion and making up 48.5% of the portfolio value.
In addition, the fund holds 1,421,715 shares of J P Morgan Exchange Traded F worth $71.8 billion.
The third-largest holding is Ishares Tr worth $96 billion and the next is Spdr Ser Tr worth $30.7 billion, with 1,008,277 shares owned.
Currently, Cornerstone Management's portfolio is worth at least $455 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 Management
The Cornerstone Management office and employees reside in Duluth, Georgia. According to the last 13-F report filed with the SEC, Lisa Smith serves as the Chief Compliance Officer at Cornerstone Management.
Recent trades
In the most recent 13F filing, Cornerstone Management revealed that it had opened a new position in
NVIDIA Corp and bought 2,800 shares worth $346 million.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
55.3%
of the fund's Technology sector allocation and has decreased its share price by 72.3% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
82,239 additional shares.
This makes their stake in Vanguard Index Fds total 938,398 shares worth $220 billion.
On the other hand, there are companies that Cornerstone Management is getting rid of from its portfolio.
Cornerstone Management closed its position in Cohen Steers Total Return on 23rd July 2024.
It sold the previously owned 108,767 shares for $1.28 billion.
Lisa Smith also disclosed a decreased stake in Spdr Ser Tr by 0.2%.
This leaves the value of the investment at $30.7 billion and 1,008,277 shares.
One of the average hedge funds
The two most similar investment funds to Cornerstone Management are Boston Standard Wealth Management and Diameter Capital Partners L.P.. They manage $455 billion and $455 billion respectively.
Lisa Smith investment strategy
Cornerstone Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Finance — making up 2.6% of
the total portfolio value.
The fund focuses on investments in the United States as
29.0% 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
26% of the total holdings value.
On the other hand, small-cap stocks make up only 3.2% of the portfolio.
The average market cap of the portfolio companies is close to $531 billion.
The complete list of Cornerstone Management trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
|---|---|---|---|
| Vanguard Index Fds |
9.61%
938,398
|
$220,493,749,000 | 48.48% |
| J P Morgan Exchange Traded F |
18.21%
1,421,715
|
$71,753,957,000 | 15.78% |
| Ishares Tr |
11.59%
1,262,178
|
$96,001,559,000 | 21.11% |
| Spdr Ser Tr |
15.45%
1,008,277
|
$30,747,891,000 | 6.76% |
| Berkshire Hathaway Inc. |
2.86%
16,921
|
$6,883,463,000 | 1.51% |
| Ishares Inc |
8.42%
109,870
|
$5,881,342,000 | 1.29% |
| Globe Life Inc |
No change
44,708
|
$3,678,575,000 | 0.81% |
| Elevation Series Trust |
2.99%
110,446
|
$3,163,174,000 | 0.70% |
| American Centy Etf Tr |
1.39%
35,712
|
$3,070,094,000 | 0.68% |
| Vanguard Specialized Funds |
10.87%
9,903
|
$1,807,793,000 | 0.40% |
| Pacer Fds Tr |
0.68%
76,252
|
$2,319,786,000 | 0.51% |
| Cohen Steers Total Return |
Closed
108,767
|
$1,278,013,000 | |
| Global Pmts Inc |
1.60%
10,476
|
$1,013,030,000 | 0.22% |
| The Southern Co. |
0.02%
12,292
|
$953,469,000 | 0.21% |
| Coca-Cola Co |
No change
12,401
|
$789,331,000 | 0.17% |
| Aflac Inc. |
No change
8,624
|
$770,181,000 | 0.17% |
| Goldman Sachs Etf Tr |
Closed
7,187
|
$716,832,000 | |
| Global X Fds |
3.79%
20,995
|
$739,660,000 | 0.16% |
| Bank America Corp |
1.90%
10,300
|
$409,631,000 | 0.09% |
| Northern Lts Fd Tr Iv |
0.67%
9,890
|
$375,623,000 | 0.08% |
| SouthState Corporation |
2.07%
4,818
|
$368,192,000 | 0.08% |
| Spdr Gold Tr |
47.98%
1,681
|
$361,432,000 | 0.08% |
| NVIDIA Corp |
Opened
2,800
|
$345,912,000 | 0.08% |
| Fidelity Covington Trust |
33.98%
5,796
|
$335,821,000 | 0.07% |
| Eli Lilly Co |
3.91%
369
|
$334,423,000 | 0.07% |
| Spdr Sp 500 Etf Tr |
43.83%
528
|
$287,349,000 | 0.06% |
| Microsoft Corporation |
0.79%
625
|
$279,344,000 | 0.06% |
| Apple Inc |
2.46%
1,269
|
$267,252,000 | 0.06% |
| Vanguard Bd Index Fds |
12.61%
3,659
|
$263,631,000 | 0.06% |
| Ishares Silver Tr |
Opened
9,783
|
$259,935,000 | 0.06% |
| Truist Finl Corp |
No change
5,521
|
$214,491,000 | 0.05% |
| Vanguard World Fd |
Opened
2,455
|
$418,717,000 | 0.09% |
| Pnc Finl Svcs Group Inc |
No change
1,350
|
$209,898,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 33 holdings | |||
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