Cornerstone Advisors, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Cornerstone Advisors, LLC reported 158 stock positions worth $3.0 billion. Its top holding was Apple (AAPL) at 7.0% of the portfolio, followed by Nvidia (NVDA, 6.7%) and Alphabet Class C (GOOG, 6.5%). Compared with Q3 2025, it opened 40 new positions, sold out of 116, added to 29 and reduced 48. The biggest buy was SS Energy Select Sector (XLE, shares +1954%) and the biggest sale SS Technology Select Sector (XLK, shares −91%).

Most Recent 13F
Q2 2026
Location
ASHEVILLE, NC
CIK
0001775446
Portfolio Value
$3.0B (Q4 2025)
SEC Filing
0001398344-26-003109 ↗ filed Feb 13, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.4B Q1 2024 Q2 2024: $2.5B Q2 2024 Q3 2024: $2.5B Q3 2024 Q4 2024: $2.5B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.9B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $3.0B $3.0B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 158 stocks · $3.0B
AAPL Apple Inc. 7.05% 778,700 $211.7M No change
NVDA Nvidia Corp. 6.71% 1,080,300 $201.5M No change
GOOG Alphabet Inc. Class C 6.48% 620,200 $194.6M No change
MSFT Microsoft Corp. 5.34% 331,900 $160.5M No change
AMZN Amazon.com Inc. 4.12% 535,900 $123.7M No change
AVGO Broadcom Inc. 2.66% 230,854 $79.9M Add +35.6%
XLE SS Energy Select Sector 2.13% 1,429,652 $63.9M Add +1954.1%
META Meta Platforms Inc. Class A 2.00% 90,900 $60.0M Add +0.7%
LLY Eli Lilly & Co. 1.91% 53,500 $57.5M Add +0.2%
JPM JPMorgan Chase & Co. 1.85% 172,200 $55.5M No change
SMH Vaneck Semiconductor ETF 1.67% 138,925 $50.0M New
XLU St Sr Utl SL SE SPDR ETF-Usd 1.57% 1,104,962 $47.2M New
WMT Walmart Inc. 1.28% 346,397 $38.6M Add +7.3%
V Visa Inc. Class A 1.15% 98,300 $34.5M Add +5.1%
TSLA Tesla Inc. 1.14% 76,300 $34.3M Reduce -46.9%
MA Mastercard Inc. Class A 1.11% 58,352 $33.3M Add +18.8%
TMO Thermo Fisher Scientific Inc. 1.10% 57,100 $33.1M No change
CSQ Calamos Strat TTL RTRN FND 1.09% 1,712,871 $32.9M Reduce -22.5%
KBWB Invesco KBW Bank ETF 1.01% 360,669 $30.4M New
COST Costco Wholesale Corp. 0.94% 32,700 $28.2M Add +10.1%
HD Home Depot Inc. 0.87% 76,100 $26.2M No change
ORCL Oracle Corp. 0.86% 133,100 $25.9M No change
FICO Fair Isaac Corp. 0.82% 14,600 $24.7M New
NFLX Netflix Inc. 0.81% 259,000 $24.3M No change
C Citigroup Inc. 0.78% 200,400 $23.4M Reduce -5.9%
PG The Procter & Gamble Co. 0.73% 153,200 $22.0M No change
JNJ Johnson & Johnson 0.72% 103,892 $21.5M Add +206.4%
BRK.B Berkshire Hathaway Inc. Class B 0.70% 41,701 $21.0M Reduce -53.0%
ANET Arista Networks Inc. 0.68% 156,465 $20.5M Add +877.9%
DASH DoorDash Inc. Class A 0.67% 88,800 $20.1M New
ETG Eaton Vance T/A GL DVD Incm 0.66% 859,911 $19.9M Reduce -28.1%
SPGI S&P Global Inc. 0.66% 37,900 $19.8M Add +48.0%
BKNG Booking Holdings Inc. 0.64% 3,600 $19.3M No change
LOW Lowe's Cos Inc. 0.64% 79,500 $19.2M No change
MCK McKesson Corp. 0.63% 23,076 $18.9M Add +142.9%
NOW ServiceNow Inc. 0.62% 120,820 $18.5M Add +1626.0%
TDG Transdigm Group Inc. 0.61% 13,822 $18.4M Add +200.5%
PM Philip Morris International 0.61% 114,500 $18.4M Add +73.8%
WFC Wells Fargo & Co. 0.61% 196,200 $18.3M Reduce -6.3%
PLD Prologis Inc. 0.60% 140,600 $17.9M Add +973.3%
RTX RTX Corp. 0.59% 96,600 $17.7M Reduce -7.5%
CRM Salesforce Inc. 0.58% 65,400 $17.3M No change
DE Deere & Co. 0.58% 37,100 $17.3M No change
LIN Linde PLC 0.56% 39,629 $16.9M Add +63.8%
CRWD CrowdStrike Holdings Inc. Class A 0.56% 35,586 $16.7M New
UNP Union Pacific Corp. 0.55% 71,725 $16.6M Add +84.9%
PGR Progressive Corp. 0.54% 71,168 $16.2M Add +199.0%
GE General Electric filed as GE AEROSPACE 0.54% 52,400 $16.1M No change
MU Micron Technology Inc. 0.52% 54,582 $15.6M Add +149.2%
INTU Intuit Inc. 0.51% 23,272 $15.4M Add +119.5%
ISRG Intuitive Surgical Inc. 0.51% 26,800 $15.2M Add +43.3%
KKR KKR & Co. Inc. 0.50% 118,535 $15.1M New
IBB iShares Biotechnology ETF 0.50% 89,020 $15.0M New
TSM Taiwan Semiconductor-SP ADR 0.50% 49,372 $15.0M New
KLAC KLA Corp. 0.50% 12,314 $15.0M New
MRK Merck & Co. Inc. 0.50% 142,100 $15.0M No change
HLT Hilton Worldwide Holdings Inc. 0.49% 51,070 $14.7M Add +311.9%
MNST Monster Beverage Corp. 0.48% 188,570 $14.5M Add +76.7%
MCO Moody's Corp. 0.47% 27,800 $14.2M No change
ROL Rollins Inc. 0.45% 226,610 $13.6M New
AXP American Express Co. 0.45% 36,200 $13.4M No change
MPWR Monolithic Power Systems Inc. 0.44% 14,692 $13.3M New
CAT Caterpillar Inc. 0.44% 22,826 $13.1M Reduce -50.4%
PEP Pepsico Inc. 0.43% 90,700 $13.0M No change
GS Goldman Sachs Group Inc. 0.43% 14,800 $13.0M Reduce -35.6%
ETN Eaton Corp. PLC 0.43% 40,800 $13.0M No change
IBKR Interactive Brokers Gro Class A 0.43% 202,024 $13.0M New
DLR Digital Realty Trust Inc. 0.43% 83,250 $12.9M New
KO The Coca-Cola Co. 0.42% 181,100 $12.7M Reduce -38.0%
CDNS Cadence Design SYS Inc. 0.42% 39,976 $12.5M New
ITW Illinois Tool Works 0.41% 50,600 $12.5M No change
ACN Accenture PLC Class A 0.40% 45,100 $12.1M No change
BMY Bristol-Myers Squibb Co. 0.40% 223,500 $12.1M No change
PFE Pfizer Inc. 0.40% 482,700 $12.0M No change
SCHW Schwab (charles) Corp. 0.40% 119,400 $11.9M No change
SYK Stryker Corp. 0.39% 33,000 $11.6M No change
DKNG Draftkings Inc. Class A 0.38% 335,274 $11.6M New
VZ Verizon Communications Inc. 0.38% 283,500 $11.5M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.38% 62,958 $11.5M New
CPRT Copart Inc. 0.38% 289,290 $11.3M New
EMR Emerson Electric Co. 0.37% 84,600 $11.2M No change
BLK BlackRock Inc. 0.37% 10,400 $11.1M Reduce -46.4%
CB Chubb Ltd. 0.37% 35,400 $11.0M No change
ABT Abbott Laboratories 0.36% 87,400 $11.0M No change
UTG Reaves Utility Income Fund 0.36% 294,426 $10.8M Reduce -61.7%
AXON Axon Enterprise Inc. 0.35% 18,682 $10.6M New
GEV GE Vernova Inc. 0.34% 15,765 $10.3M Add +161.7%
TKO Tko Group Holdings Inc. 0.33% 47,742 $10.0M New
XLB SS Materials Select Sector 0.33% 217,450 $9.9M Reduce -44.9%
BSX Boston Scientific Corp. 0.33% 103,236 $9.8M Add +28.5%
IDXX Idexx Laboratories Inc. 0.32% 14,170 $9.6M New
HON Honeywell International Inc. 0.32% 49,100 $9.6M No change
VEEV Veeva Systems Inc. Class A 0.32% 42,717 $9.5M New
MDT Medtronic PLC 0.32% 98,800 $9.5M No change
AMAT Applied Materials Inc. 0.31% 36,300 $9.3M Reduce -57.6%
ELV Elevance Health Inc. 0.31% 26,600 $9.3M No change
RGEN Repligen Corp. 0.31% 56,690 $9.3M New
AON Aon PLC Class A 0.30% 25,800 $9.1M No change
GD General Dynamics Corp. 0.30% 26,900 $9.1M No change
HOOD Robinhood Markets Inc. Class A 0.29% 77,932 $8.8M New
ADI Analog Devices Inc. 0.29% 32,400 $8.8M Add +19.6%
WM Waste Management Inc. 0.28% 38,500 $8.5M No change
VMC Vulcan Materials Co. 0.28% 29,651 $8.5M New
LYV Live Nation Entertainment Inc. 0.28% 58,560 $8.3M New
ODFL Old Dominion Freight Line 0.28% 53,062 $8.3M New
MRSH Marsh & McLennan Cos 0.28% 44,800 $8.3M No change
APP AppLovin Corp. Class A 0.26% 11,694 $7.9M New
URI United Rentals Inc. 0.26% 9,530 $7.7M New
VRSK Verisk Analytics Inc. 0.25% 34,122 $7.6M New
BRO Brown & Brown Inc. 0.25% 95,028 $7.6M New
TYL Tyler Technologies Inc. 0.25% 16,541 $7.5M New
ORLY O'reilly Automotive Inc. 0.25% 81,600 $7.4M No change
LH Labcorp Holdings Inc. 0.24% 28,701 $7.2M New
ETJ Eaton Vance RSK-MGD Divers 0.22% 762,333 $6.7M Reduce -21.4%
BA The Boeing Co. 0.21% 29,300 $6.4M Reduce -29.7%
TMUS T-Mobile US Inc. 0.20% 29,500 $6.0M Reduce -39.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 38,100 $5.9M Reduce -50.8%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.19% 22,264 $5.8M Add +102.4%
XLK SS Technology Select Sector 0.17% 36,400 $5.2M Reduce -90.8%
SHOP Shopify Inc. Class A 0.17% 31,580 $5.1M New
MS Morgan Stanley 0.17% 28,600 $5.1M Reduce -70.0%
SPOT Spotify Technology SA 0.17% 8,728 $5.1M New
USA Liberty All Star Equity Fund 0.17% 794,984 $5.0M Reduce -23.2%
ECL Ecolab Inc. 0.16% 18,511 $4.9M Add +176.3%
VRTX Vertex Pharmaceuticals Inc. 0.16% 10,700 $4.9M Reduce -70.4%
ETO Eaton Vance T/A GLBL DVD Opp 0.16% 158,450 $4.8M Reduce -19.0%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.16% 125,520 $4.8M New
AMGN Amgen Inc. 0.14% 13,300 $4.4M Reduce -58.4%
GILD Gilead Sciences Inc. 0.14% 35,000 $4.3M Reduce -64.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 14,300 $4.2M No change
THW Abrdn World Healthcare Fund 0.14% 321,221 $4.1M Reduce -51.7%
TW Tradeweb Markets Inc. Class A 0.14% 37,715 $4.1M New
RVT Royce Small-Cap Trust Inc. 0.13% 246,575 $4.0M Reduce -64.0%
LRCX Lam Research Corp. 0.11% 20,000 $3.4M No change
UBER Uber Technologies Inc. 0.11% 40,200 $3.3M Reduce -51.4%
ICE Intercontinental Exchange Inc. 0.11% 19,800 $3.2M Reduce -57.1%
CSX CSX Corp. 0.11% 87,600 $3.2M Reduce -58.4%
ASG Liberty All-Star Growth FD 0.10% 576,494 $3.1M Reduce -26.7%
SHW The Sherwin-Williams Co. 0.10% 8,900 $2.9M Reduce -33.6%
DIAX Nuveen Dow 30 Dynamic Overwr 0.09% 185,466 $2.8M Reduce -50.4%
WCN Waste Connections Inc. 0.09% 15,829 $2.8M New
XNIEX Virtus Equity & Convertible 0.09% 108,972 $2.7M Reduce -51.4%
AMD Advanced Micro Devices 0.09% 12,680 $2.7M Reduce -88.0%
REGN Regeneron Pharmaceuticals 0.09% 3,500 $2.7M Reduce -41.7%
RACE Ferrari NV 0.09% 7,305 $2.7M New
MELI MercadoLibre Inc. 0.09% 1,280 $2.6M New
JCE Nuveen Core Equity Alpha 0.08% 141,473 $2.3M Reduce -22.1%
FFA First Trust Enhan Eqty Inc. 0.06% 79,226 $1.7M Reduce -27.9%
XSCDX LMP Capital and Income Fund 0.05% 100,773 $1.5M Reduce -66.3%
STK Columbia Slgmn Prem Tech GR 0.05% 38,662 $1.4M Reduce -74.5%
XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER REAL ESTATE 0.04% 382,583 $1.2M Reduce -17.9%
GDL GDL Fund 0.04% 130,325 $1.1M Reduce -11.9%
ETV Eaton Vance T/M Buy-Writ Opp 0.03% 60,214 $865K Reduce -81.0%
GGN Gamco GLBL Gold NTRL Res Inc. 0.02% 138,151 $713K Reduce -80.4%
RGT Royce Global Trust Inc. 0.02% 47,124 $618K Reduce -42.0%
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.02% 41,504 $610K Reduce -84.3%
XSORX Source Capital Inc. 0.01% 3,672 $168K Reduce -79.3%
GGZ Gabelli Global Small & M 0.00% 82 $1K Reduce -14.6%

Portfolio Sells Q3 2025 → Q4 2025
XLK SS Technology Select Sector Reduce -90.8% 0.17% −1.65
XOM Exxon Mobil Corp. Sold out 0.00% −1.36
XLI SS Industrial Select Sector Sold out 0.00% −1.19
BAC Bank of America Corp. Sold out 0.00% −1.13
ABBV Abbvie Inc. Sold out 0.00% −0.96
TSLA Tesla Inc. Reduce -46.9% 1.14% −0.96
XLRE SS Real Estate Select Sector Sold out 0.00% −0.92
BRK.B Berkshire Hathaway Inc. Class B Reduce -53.0% 0.70% −0.77
NEE Nextera Energy Inc. Sold out 0.00% −0.76
MCD McDonald's Corp. Sold out 0.00% −0.76
UNH Unitedhealth Group Inc. Sold out 0.00% −0.75
DHR Danaher Corp. Sold out 0.00% −0.70
UTG Reaves Utility Income Fund Reduce -61.7% 0.36% −0.64
CVX Chevron Corp. Sold out 0.00% −0.63
KMI Kinder Morgan Inc. Sold out 0.00% −0.56
DIS The Walt Disney Co. Sold out 0.00% −0.52
AMD Advanced Micro Devices Reduce -88.0% 0.09% −0.47
BLK BlackRock Inc. Reduce -46.4% 0.37% −0.38
CSCO Cisco Systems Inc. Sold out 0.00% −0.35
MS Morgan Stanley Reduce -70.0% 0.17% −0.33
UTF Cohen & Steers Infrastructur Sold out 0.00% −0.32
CSQ Calamos Strat TTL RTRN FND Reduce -22.5% 1.09% −0.31
VRTX Vertex Pharmaceuticals Inc. Reduce -70.4% 0.16% −0.30
CAT Caterpillar Inc. Reduce -50.4% 0.44% −0.29
CMCSA Comcast Corp. Class A Sold out 0.00% −0.27
AMAT Applied Materials Inc. Reduce -57.6% 0.31% −0.27
XLB SS Materials Select Sector Reduce -44.9% 0.33% −0.25
RVT Royce Small-Cap Trust Inc. Reduce -64.0% 0.13% −0.23
NSC Norfolk Southern Corp. Sold out 0.00% −0.23
ADP Automatic Data Processing Sold out 0.00% −0.22
KO The Coca-Cola Co. Reduce -38.0% 0.42% −0.22
GILD Gilead Sciences Inc. Reduce -64.3% 0.14% −0.22
LMT Lockheed Martin Corp. Sold out 0.00% −0.21
PYPL PayPal Holdings Inc. Sold out 0.00% −0.21
TXN Texas Instruments Inc. Sold out 0.00% −0.21
CEG Constellation Energy Sold out 0.00% −0.20
TMUS T-Mobile US Inc. Reduce -39.7% 0.20% −0.19
CI The Cigna Group Sold out 0.00% −0.18
QQQX Nuveen Nasdaq 100 DYN Overwr Sold out 0.00% −0.18
TJX TJX Companies Inc. Reduce -50.8% 0.19% −0.17
ETG Eaton Vance T/A GL DVD Incm Reduce -28.1% 0.66% −0.17
GS Goldman Sachs Group Inc. Reduce -35.6% 0.43% −0.17
BST BlackRock Science & Tech TR Sold out 0.00% −0.16
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.16
UBER Uber Technologies Inc. Reduce -51.4% 0.11% −0.16
NKE Nike Inc. Class B Sold out 0.00% −0.15
AMGN Amgen Inc. Reduce -58.4% 0.14% −0.15
RQI Cohen & Steers Qual Inc. RLTY Sold out 0.00% −0.15
USB US Bancorp Sold out 0.00% −0.15
ICE Intercontinental Exchange Inc. Reduce -57.1% 0.11% −0.15

Portfolio Buys Q3 2025 → Q4 2025
XLE SS Energy Select Sector Add +1954.1% 2.13% +2.03
SMH Vaneck Semiconductor ETF New 1.67% +1.67
XLU St Sr Utl SL SE SPDR ETF-Usd New 1.57% +1.57
KBWB Invesco KBW Bank ETF New 1.01% +1.01
FICO Fair Isaac Corp. New 0.82% +0.82
AVGO Broadcom Inc. Add +35.6% 2.66% +0.81
DASH DoorDash Inc. Class A New 0.67% +0.67
ANET Arista Networks Inc. Add +877.9% 0.68% +0.61
NOW ServiceNow Inc. Add +1626.0% 0.62% +0.57
LLY Eli Lilly & Co. Add +0.2% 1.91% +0.57
CRWD CrowdStrike Holdings Inc. Class A New 0.56% +0.56
PLD Prologis Inc. Add +973.3% 0.60% +0.55
JNJ Johnson & Johnson Add +206.4% 0.72% +0.51
KKR KKR & Co. Inc. New 0.50% +0.50
IBB iShares Biotechnology ETF New 0.50% +0.50
TSM Taiwan Semiconductor-SP ADR New 0.50% +0.50
KLAC KLA Corp. New 0.50% +0.50
ROL Rollins Inc. New 0.45% +0.45
MPWR Monolithic Power Systems Inc. New 0.44% +0.44
IBKR Interactive Brokers Gro Class A New 0.43% +0.43
DLR Digital Realty Trust Inc. New 0.43% +0.43
CDNS Cadence Design SYS Inc. New 0.42% +0.42
TDG Transdigm Group Inc. Add +200.5% 0.61% +0.41
MU Micron Technology Inc. Add +149.2% 0.52% +0.40
MCK McKesson Corp. Add +142.9% 0.63% +0.39
DKNG Draftkings Inc. Class A New 0.38% +0.38
JKHY Jack Henry & Associates Inc. New 0.38% +0.38
HLT Hilton Worldwide Holdings Inc. Add +311.9% 0.49% +0.38
CPRT Copart Inc. New 0.38% +0.38
AXON Axon Enterprise Inc. New 0.35% +0.35
PGR Progressive Corp. Add +199.0% 0.54% +0.35
TKO Tko Group Holdings Inc. New 0.33% +0.33
IDXX Idexx Laboratories Inc. New 0.32% +0.32
VEEV Veeva Systems Inc. Class A New 0.32% +0.32
RGEN Repligen Corp. New 0.31% +0.31
HOOD Robinhood Markets Inc. Class A New 0.29% +0.29
VMC Vulcan Materials Co. New 0.28% +0.28
LYV Live Nation Entertainment Inc. New 0.28% +0.28
ODFL Old Dominion Freight Line New 0.28% +0.28
INTU Intuit Inc. Add +119.5% 0.51% +0.27
APP AppLovin Corp. Class A New 0.26% +0.26
PM Philip Morris International Add +73.8% 0.61% +0.26
URI United Rentals Inc. New 0.26% +0.26
VRSK Verisk Analytics Inc. New 0.25% +0.25
BRO Brown & Brown Inc. New 0.25% +0.25
UNP Union Pacific Corp. Add +84.9% 0.55% +0.25
TYL Tyler Technologies Inc. New 0.25% +0.25
SPGI S&P Global Inc. Add +48.0% 0.66% +0.25
MNST Monster Beverage Corp. Add +76.7% 0.48% +0.24
LH Labcorp Holdings Inc. New 0.24% +0.24

Notes & Other Activity Q3 2025 → Q4 2025
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 Sold out 236,764 $18Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$3.0BNVDA, AAPL, GOOG, MSFT, AMZN
Q1 2026 99$2.7BAAPL, NVDA, GOOG, MSFT, XLE
Q4 2025 158$3.0BAAPL, NVDA, GOOG, MSFT, AMZN
Q3 2025 234$3.0BNVDA, AAPL, MSFT, GOOG, AMZN
Q2 2025 275$2.9BNVDA, MSFT, AAPL, AMZN, GOOG
Q1 2025 267$2.3BAAPL, MSFT, NVDA, AMZN, GOOG
Q4 2024 270$2.5BAAPL, NVDA, MSFT, GOOG, AMZN
Q3 2024 284$2.5BAAPL, MSFT, NVDA, GOOG, AMZN
Q2 2024 304$2.5BAAPL, MSFT, NVDA, GOOG, AMZN
Q1 2024 314$2.4BMSFT, AAPL, NVDA, GOOG, AMZN