Cornerstone Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Cornerstone Advisors, LLC reported 267 stock positions worth $2.3 billion. Its top holding was Apple (AAPL) at 7.1% of the portfolio, followed by Microsoft (MSFT, 5.1%) and Nvidia (NVDA, 4.9%). Compared with Q4 2024, it opened 14 new positions, sold out of 17, added to 27 and reduced 50. The biggest buy was a new position in Reaves Utility Income Fund (UTG) and the biggest sale Tesla (TSLA, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- ASHEVILLE, NC
- CIK
- 0001775446
- Portfolio Value
- $2.3B (Q1 2025)
- SEC Filing
- 0001398344-25-009115 ↗ filed May 9, 2025
Holdings Value
Holdings 267 stocks · $2.3B
| AAPL Apple Inc. | 7.09% | 740,600 | $164.5M | No change |
| MSFT Microsoft Corp. | 5.15% | 318,400 | $119.5M | No change |
| NVDA Nvidia Corp. | 4.89% | 1,047,500 | $113.5M | Add +3.6% |
| AMZN Amazon.com Inc. | 4.00% | 487,900 | $92.8M | No change |
| GOOG Alphabet Inc. Class C | 3.62% | 538,100 | $84.1M | Reduce -9.3% |
| XLK SS Technology Select Sector | 2.72% | 305,400 | $63.1M | Add +2.3% |
| META Meta Platforms Inc. Class A | 2.21% | 89,000 | $51.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.89% | 82,500 | $43.9M | No change |
| XLI SS Industrial Select Sector | 1.84% | 325,200 | $42.6M | No change |
| JPM JPMorgan Chase & Co. | 1.80% | 170,700 | $41.9M | No change |
| TSLA Tesla Inc. | 1.54% | 137,900 | $35.7M | Reduce -19.2% |
| LLY Eli Lilly & Co. | 1.43% | 40,300 | $33.3M | Reduce -7.6% |
| XOM Exxon Mobil Corp. | 1.37% | 266,927 | $31.7M | No change |
| V Visa Inc. Class A | 1.35% | 89,600 | $31.4M | No change |
| AVGO Broadcom Inc. | 1.24% | 172,400 | $28.9M | Add +2.6% |
| XLRE SS Real Estate Select Sector | 1.24% | 688,900 | $28.8M | Reduce -0.4% |
| WMT Walmart Inc. | 1.20% | 318,400 | $28.0M | Reduce -11.7% |
| COST Costco Wholesale Corp. | 1.20% | 29,400 | $27.8M | No change |
| MA Mastercard Inc. Class A | 1.14% | 48,100 | $26.4M | No change |
| NFLX Netflix Inc. | 1.02% | 25,400 | $23.7M | No change |
| UNH Unitedhealth Group Inc. | 0.97% | 43,103 | $22.6M | Reduce -15.0% |
| HD Home Depot Inc. | 0.95% | 59,900 | $22.0M | No change |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 0.94% | 923,669 | $21.9M | Reduce -17.5% |
| ETG Eaton Vance T/A GL DVD Incm | 0.94% | 1,195,167 | $21.8M | No change |
| PG The Procter & Gamble Co. | 0.92% | 125,700 | $21.4M | Reduce -5.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.90% | 500,300 | $20.9M | No change |
| CSQ Calamos Strat TTL RTRN FND | 0.89% | 1,280,271 | $20.7M | Add +11.5% |
| KO The Coca-Cola Co. | 0.88% | 284,000 | $20.3M | Reduce -12.4% |
| XLB SS Materials Select Sector | 0.78% | 211,000 | $18.1M | Reduce -25.1% |
| ABBV Abbvie Inc. | 0.78% | 86,400 | $18.1M | Add +5.1% |
| JNJ Johnson & Johnson | 0.74% | 104,002 | $17.2M | Reduce -15.7% |
| DE Deere & Co. | 0.71% | 35,300 | $16.6M | Add +65.7% |
| BKNG Booking Holdings Inc. | 0.69% | 3,500 | $16.1M | No change |
| WFC Wells Fargo & Co. | 0.63% | 204,200 | $14.7M | No change |
| ORCL Oracle Corp. | 0.60% | 99,000 | $13.8M | Add +12.5% |
| NEE Nextera Energy Inc. | 0.59% | 193,200 | $13.7M | Add +32.1% |
| CVX Chevron Corp. | 0.58% | 80,400 | $13.5M | No change |
| UTG Reaves Utility Income Fund | 0.57% | 406,546 | $13.2M | New |
| AMAT Applied Materials Inc. | 0.55% | 87,600 | $12.7M | Add +14.8% |
| TMUS T-Mobile US Inc. | 0.55% | 47,600 | $12.7M | No change |
| RTX RTX Corp. | 0.53% | 92,300 | $12.2M | No change |
| CAT Caterpillar Inc. | 0.52% | 36,500 | $12.0M | No change |
| CRM Salesforce Inc. | 0.49% | 42,800 | $11.5M | No change |
| C Citigroup Inc. | 0.49% | 160,700 | $11.4M | No change |
| CSCO Cisco Systems Inc. | 0.48% | 181,000 | $11.2M | No change |
| ABT Abbott Laboratories | 0.47% | 82,800 | $11.0M | No change |
| GS Goldman Sachs Group Inc. | 0.46% | 19,500 | $10.7M | No change |
| GE General Electric filed as GE AEROSPACE | 0.45% | 52,300 | $10.5M | No change |
| MS Morgan Stanley | 0.45% | 88,800 | $10.4M | No change |
| ACN Accenture PLC Class A | 0.45% | 33,200 | $10.4M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 20,800 | $10.4M | No change |
| MRK Merck & Co. Inc. | 0.44% | 114,700 | $10.3M | Reduce -13.2% |
| PM Philip Morris International | 0.43% | 63,000 | $10.0M | Reduce -28.9% |
| MCD McDonald's Corp. | 0.43% | 31,600 | $9.9M | No change |
| PEP Pepsico Inc. | 0.41% | 63,200 | $9.5M | Reduce -17.1% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.40% | 700,570 | $9.2M | Reduce -21.0% |
| UNP Union Pacific Corp. | 0.38% | 37,800 | $8.9M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 89,100 | $8.8M | No change |
| XLP SS Consumer Staples Sel Sect | 0.37% | 106,100 | $8.7M | Reduce -48.7% |
| LOW Lowe's Cos Inc. | 0.37% | 36,900 | $8.6M | No change |
| HON Honeywell International Inc. | 0.37% | 40,600 | $8.6M | No change |
| AXP American Express Co. | 0.37% | 31,800 | $8.6M | No change |
| SPGI S&P Global Inc. | 0.37% | 16,700 | $8.5M | No change |
| SCHW Schwab (charles) Corp. | 0.36% | 107,800 | $8.4M | No change |
| CEG Constellation Energy | 0.36% | 41,366 | $8.3M | Add +19.0% |
| AMGN Amgen Inc. | 0.36% | 26,700 | $8.3M | No change |
| CMCSA Comcast Corp. Class A | 0.35% | 220,400 | $8.1M | No change |
| XLE SS Energy Select Sector | 0.33% | 83,000 | $7.8M | No change |
| AMD Advanced Micro Devices | 0.33% | 74,900 | $7.7M | Add +6.8% |
| INTU Intuit Inc. | 0.33% | 12,500 | $7.7M | No change |
| GILD Gilead Sciences Inc. | 0.33% | 68,400 | $7.7M | No change |
| VZ Verizon Communications Inc. | 0.32% | 164,200 | $7.4M | Reduce -6.7% |
| DHR Danaher Corp. | 0.32% | 35,700 | $7.3M | No change |
| LIN Linde PLC | 0.31% | 15,700 | $7.3M | No change |
| BSX Boston Scientific Corp. | 0.31% | 71,636 | $7.2M | No change |
| ETN Eaton Corp. PLC | 0.31% | 26,500 | $7.2M | Add +44.8% |
| ISRG Intuitive Surgical Inc. | 0.31% | 14,300 | $7.1M | No change |
| GAM General American Investors | 0.30% | 140,413 | $7.1M | Reduce -30.7% |
| BLK BlackRock Inc. | 0.30% | 7,400 | $7.0M | No change |
| IVV iShares Core S&P 500 ETF | 0.30% | 12,400 | $7.0M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 56,300 | $6.9M | No change |
| SYK Stryker Corp. | 0.29% | 18,400 | $6.8M | No change |
| WM Waste Management Inc. | 0.29% | 29,400 | $6.8M | No change |
| BA The Boeing Co. | 0.29% | 39,500 | $6.7M | No change |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.29% | 464,697 | $6.7M | Reduce -21.5% |
| COP Conocophillips | 0.29% | 64,000 | $6.7M | No change |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.29% | 287,195 | $6.7M | Reduce -45.7% |
| CII BlackRock Enhan LRG Cap Core | 0.28% | 356,504 | $6.6M | Reduce -54.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 11,500 | $6.4M | No change |
| MRSH Marsh & McLennan Cos | 0.28% | 26,300 | $6.4M | No change |
| PGR Progressive Corp. | 0.28% | 22,600 | $6.4M | Reduce -38.3% |
| CB Chubb Ltd. | 0.27% | 20,900 | $6.3M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.27% | 13,000 | $6.3M | No change |
| PFE Pfizer Inc. | 0.27% | 247,400 | $6.3M | No change |
| ITW Illinois Tool Works | 0.26% | 24,700 | $6.1M | No change |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.26% | 247,321 | $6.1M | Reduce -10.4% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 99,400 | $6.1M | No change |
| GD General Dynamics Corp. | 0.25% | 21,300 | $5.8M | No change |
| ADP Automatic Data Processing | 0.25% | 18,800 | $5.7M | No change |
| MCK McKesson Corp. | 0.23% | 7,900 | $5.3M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| TSLA Tesla Inc. | Reduce -19.2% | 1.54% | −1.21 |
| GOOG Alphabet Inc. Class C | Reduce -9.3% | 3.62% | −0.88 |
| ETV Eaton Vance T/M Buy-Writ Opp | Reduce -70.1% | 0.14% | −0.34 |
| CII BlackRock Enhan LRG Cap Core | Reduce -54.3% | 0.28% | −0.34 |
| XLP SS Consumer Staples Sel Sect | Reduce -48.7% | 0.37% | −0.28 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Reduce -17.5% | 0.94% | −0.26 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -45.7% | 0.29% | −0.22 |
| XLV SS Health Care Select Sector | Reduce -61.4% | 0.16% | −0.20 |
| XLB SS Materials Select Sector | Reduce -25.1% | 0.78% | −0.16 |
| BUI Blckrck Util Infra & PWR Opp | Sold out | 0.00% | −0.14 |
| HCA HCA Healthcare Inc. | Reduce -73.4% | 0.06% | −0.11 |
| BTO John Hancock Financial Opp | Reduce -34.5% | 0.23% | −0.11 |
| GAM General American Investors | Reduce -30.7% | 0.30% | −0.11 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Reduce -21.0% | 0.40% | −0.10 |
| WMT Walmart Inc. | Reduce -11.7% | 1.20% | −0.09 |
| LMT Lockheed Martin Corp. | Reduce -27.6% | 0.23% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -13.2% | 0.44% | −0.08 |
| D Dominion Energy Inc. | Reduce -95.5% | 0.00% | −0.08 |
| PGR Progressive Corp. | Reduce -38.3% | 0.28% | −0.07 |
| AEP American Electric Power | Reduce -67.5% | 0.05% | −0.07 |
| TY Tri-Continental Corp. | Sold out | 0.00% | −0.07 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Reduce -21.5% | 0.29% | −0.07 |
| MO Altria Group Inc. | Reduce -49.3% | 0.11% | −0.06 |
| AWK American Water Works Co. Inc. | Reduce -82.1% | 0.02% | −0.06 |
| UTF Cohen & Steers Infrastructur | Sold out | 0.00% | −0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -22.8% | 0.17% | −0.06 |
| PEP Pepsico Inc. | Reduce -17.1% | 0.41% | −0.05 |
| SO The Southern Co. | Reduce -33.1% | 0.21% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -15.0% | 0.97% | −0.05 |
| KDP Keurig Dr Pepper Inc. | Reduce -65.3% | 0.03% | −0.04 |
| ASG Liberty All-Star Growth FD | Reduce -12.8% | 0.17% | −0.04 |
| TGT Target Corp. | Reduce -21.8% | 0.07% | −0.04 |
| PEO Adams Natural Resources Fund | Reduce -66.2% | 0.02% | −0.03 |
| CME Cme Group Inc. | Reduce -31.9% | 0.15% | −0.03 |
| HYT BlackRock Corp. Hi YLD | Sold out | 0.00% | −0.02 |
| BCV Bancroft Fund Ltd. | Sold out | 0.00% | −0.02 |
| ADM Archer-Daniels-Midland Co. | Reduce -45.6% | 0.02% | −0.02 |
| XSSPX Nuveen S&P 500 Dynam Overwr | Sold out | 0.00% | −0.02 |
| ETO Eaton Vance T/A GLBL DVD Opp | Reduce -10.4% | 0.26% | −0.02 |
| HSY The Hershey Co. | Reduce -34.6% | 0.04% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -19.4% | 0.14% | −0.02 |
| GIS General Mills Inc. | Reduce -25.1% | 0.04% | −0.01 |
| WEC WEC Energy Group Inc. | Reduce -34.9% | 0.06% | −0.01 |
| HTD John Hancock Tax Adv DVD Inc. | Sold out | 0.00% | −0.01 |
| ARDC Ares Dynamic Credit All | Sold out | 0.00% | −0.01 |
| CBRE GBL REAL ESTATE INC FD | Sold out | 0.00% | −0.01 |
| VVR Invesco Senior Income Trust | Sold out | 0.00% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -27.0% | 0.02% | −0.01 |
| XJQCX Nuveen Credit Strategies Inc. | Sold out | 0.00% | −0.01 |
| CHI Calamos Convert Opport & Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| UTG Reaves Utility Income Fund | New | 0.57% | +0.57 |
| DE Deere & Co. | Add +65.7% | 0.71% | +0.35 |
| ABBV Abbvie Inc. | Add +5.1% | 0.78% | +0.20 |
| NEE Nextera Energy Inc. | Add +32.1% | 0.59% | +0.17 |
| BST BlackRock Science & Tech TR | New | 0.12% | +0.12 |
| PDT John Hancock Prem DVD FND | New | 0.11% | +0.11 |
| UBER Uber Technologies Inc. | Add +107.2% | 0.18% | +0.11 |
| SHW The Sherwin-Williams Co. | Add +97.1% | 0.21% | +0.11 |
| AMT American Tower Corp. | Add +88.3% | 0.18% | +0.11 |
| ETJ Eaton Vance RSK-MGD Divers | Add +76.7% | 0.23% | +0.10 |
| STK Columbia Slgmn Prem Tech GR | New | 0.10% | +0.10 |
| ASGI Abrdn Global Infrastructure | New | 0.09% | +0.09 |
| CSQ Calamos Strat TTL RTRN FND | Add +11.5% | 0.89% | +0.08 |
| THW Abrdn World Healthcare Fund | New | 0.07% | +0.07 |
| ETN Eaton Corp. PLC | Add +44.8% | 0.31% | +0.07 |
| KMI Kinder Morgan Inc. | Add +26.2% | 0.22% | +0.06 |
| USA Liberty All Star Equity Fund | Add +1643.9% | 0.06% | +0.06 |
| KYN Kayne Anderson Energy Infra | New | 0.05% | +0.05 |
| AMAT Applied Materials Inc. | Add +14.8% | 0.55% | +0.05 |
| CEG Constellation Energy | Add +19.0% | 0.36% | +0.05 |
| MU Micron Technology Inc. | Add +55.9% | 0.11% | +0.05 |
| GGN Gamco GLBL Gold NTRL Res Inc. | Add +107.6% | 0.07% | +0.05 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Add +799.7% | 0.05% | +0.04 |
| PLD Prologis Inc. | Add +63.8% | 0.06% | +0.03 |
| ETB Eaton Vance T/M Buy-WRT Inc. | New | 0.03% | +0.03 |
| XRNPX Cohen & Steers REIT and Pref | Add +9.3% | 0.07% | +0.01 |
| RGT Royce Global Trust Inc. | Add +111.1% | 0.03% | +0.01 |
| ORCL Oracle Corp. | Add +12.5% | 0.60% | +0.01 |
| GGZ Gabelli Global Small & M | Add +227.0% | 0.01% | +0.01 |
| XSCDX LMP Capital and Income Fund | New | 0.01% | +0.01 |
| XSORX Source Capital Inc. | New | 0.01% | +0.01 |
| SRV NXG Cushing Midstream Energy | New | 0.00% | +0.00 |
| RFI Cohen & Steers Tot Ret RLTY | Add +6.8% | 0.02% | +0.00 |
| JCE Nuveen Core Equity Alpha | New | 0.00% | +0.00 |
| ECAT BlackRock ESG Cap All TRM TR | New | 0.00% | +0.00 |
| FFA First Trust Enhan Eqty Inc. | Add +2.4% | 0.03% | +0.00 |
| GAB Gabelli Equity Trust | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | Add +6.8% | 0.33% | −0.01 |
| XLK SS Technology Select Sector | Add +2.3% | 2.72% | −0.05 |
| AVGO Broadcom Inc. | Add +2.6% | 1.24% | −0.31 |
| NVDA Nvidia Corp. | Add +3.6% | 4.89% | −0.52 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 112 | $3.0B | NVDA, AAPL, GOOG, MSFT, AMZN |
| Q1 2026 | 99 | $2.7B | AAPL, NVDA, GOOG, MSFT, XLE |
| Q4 2025 | 158 | $3.0B | AAPL, NVDA, GOOG, MSFT, AMZN |
| Q3 2025 | 234 | $3.0B | NVDA, AAPL, MSFT, GOOG, AMZN |
| Q2 2025 | 275 | $2.9B | NVDA, MSFT, AAPL, AMZN, GOOG |
| Q1 2025 | 267 | $2.3B | AAPL, MSFT, NVDA, AMZN, GOOG |
| Q4 2024 | 270 | $2.5B | AAPL, NVDA, MSFT, GOOG, AMZN |
| Q3 2024 | 284 | $2.5B | AAPL, MSFT, NVDA, GOOG, AMZN |
| Q2 2024 | 304 | $2.5B | AAPL, MSFT, NVDA, GOOG, AMZN |
| Q1 2024 | 314 | $2.4B | MSFT, AAPL, NVDA, GOOG, AMZN |