Cornerstone Advisory, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Cornerstone Advisory, LLC reported 229 stock positions worth $856.8 million. Its top holding was JPMorgan Equity Premium Inco (JEPI) at 12.5% of the portfolio, followed by Vanguard High DVD Yield ETF (VYM, 4.8%) and GLDM SA S&P 500 PR in ETF-US (GPIX, 4.7%). Compared with Q4 2024, it opened 11 new positions, sold out of 15, added to 125 and reduced 83. The biggest buy was GLDM SA S&P 500 PR in ETF-US (GPIX, shares +27%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- HUNT VALLEY, MD
- CIK
- 0001668189
- Portfolio Value
- $856.8M (Q1 2025)
- SEC Filing
- 0001765380-25-000178 ↗ filed May 7, 2025
Holdings Value
Holdings 229 stocks · $856.8M
| JEPI JPMorgan Equity Premium Inco | 12.45% | 1,926,444 | $106.7M | Add +4.4% |
| VYM Vanguard High DVD Yield ETF | 4.80% | 330,268 | $41.1M | Add +0.7% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 4.72% | 881,269 | $40.5M | Add +27.4% |
| IVV iShares Core S&P 500 ETF | 4.38% | 66,786 | $37.5M | Add +1.6% |
| VIG Vanguard Dividend Apprec ETF | 3.29% | 147,852 | $28.2M | Add +33.6% |
| GSLC Goldman Activebeta US LC ETF | 2.94% | 228,701 | $25.2M | Reduce -2.5% |
| JAAA Janus Henderson Aaa Clo ETF | 2.93% | 498,355 | $25.1M | Reduce -10.8% |
| JPIE JPMorgan Income ETF | 2.89% | 540,923 | $24.7M | Add +10.0% |
| AAPL Apple Inc. | 2.65% | 114,179 | $22.7M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.65% | 44,236 | $22.7M | Reduce -0.2% |
| VOOG Vanguard S&P 500 Growth ETF | 2.50% | 61,720 | $21.4M | Reduce -1.0% |
| IJR iShares Core S&P Small-Cap E | 2.26% | 190,235 | $19.3M | Reduce -9.5% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 2.11% | 352,442 | $18.1M | Add +9.6% |
| TCAF T Rowe PRC Cap Appreciation | 2.05% | 547,121 | $17.5M | Reduce -2.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.80% | 59,417 | $15.4M | Add +32.1% |
| VGT Vanguard Info Tech ETF | 1.70% | 26,129 | $14.6M | Add +2.6% |
| MSFT Microsoft Corp. | 1.58% | 31,331 | $13.6M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 1.57% | 72,496 | $13.4M | Reduce -0.9% |
| PDI PIMCO Dynamic Income Fund | 1.48% | 675,956 | $12.7M | Add +16.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.45% | 32,469 | $12.5M | Add +19.6% |
| MQY BlackRock Muniyield Quality | 1.41% | 1,076,867 | $12.1M | Add +6.9% |
| GOOGL Alphabet Inc. Class A | 1.39% | 73,006 | $11.9M | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.04% | 111,447 | $8.9M | Add +9.9% |
| JPST JPMorgan Ultra-Short Income | 0.99% | 168,819 | $8.5M | Add +143.1% |
| NVDA Nvidia Corp. | 0.97% | 73,559 | $8.4M | Add +33.6% |
| MOAT Vaneck Morningstar Wide Moat | 0.96% | 95,543 | $8.2M | Reduce -21.0% |
| NAD Nuveen Quality Municipal Inc. | 0.91% | 685,634 | $7.8M | Add +91.7% |
| META Meta Platforms Inc. Class A | 0.89% | 13,052 | $7.7M | Add +1.9% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.88% | 83,978 | $7.6M | Reduce -0.2% |
| V Visa Inc. Class A | 0.80% | 19,826 | $6.9M | Add +0.5% |
| IWF iShares Russell 1000 Growth | 0.80% | 18,511 | $6.9M | Add +0.7% |
| COR Cencora Inc. | 0.78% | 22,897 | $6.7M | Add +9.8% |
| VHT Vanguard Health Care ETF | 0.75% | 26,158 | $6.4M | Reduce -10.3% |
| SDY SS SPDR S&P Dividend ETF | 0.71% | 46,275 | $6.1M | Add +0.6% |
| IWM iShares Russell 2000 ETF | 0.70% | 30,581 | $6.0M | Reduce -7.5% |
| GOOG Alphabet Inc. Class C | 0.70% | 36,171 | $6.0M | Reduce -0.2% |
| NVG Nuveen Amt-FR Muni CRDT | 0.68% | 482,157 | $5.8M | Add +13.1% |
| XBMEX BlackRock Health Sciences | 0.64% | 150,539 | $5.5M | Reduce -1.2% |
| PDO PIMCO Dynamic Income Opport | 0.64% | 407,002 | $5.5M | Reduce -1.2% |
| PRF Invesco Rafi US 1000 ETF | 0.60% | 130,939 | $5.2M | Reduce -0.0% |
| MA Mastercard Inc. Class A | 0.60% | 9,145 | $5.1M | Add +0.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.60% | 28,074 | $5.1M | Reduce -7.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.55% | 9,711 | $4.7M | Add +10.1% |
| IUSG iShares Core S&P U.S. Growth | 0.53% | 34,737 | $4.6M | Reduce -1.0% |
| BOND PIMCO Active Bond Exchange-T | 0.53% | 50,328 | $4.6M | Add +1.6% |
| IWD iShares Russell 1000 Value E | 0.52% | 24,195 | $4.4M | Add +1.2% |
| XCHYX Calamos Convert & High Inc. | 0.50% | 424,741 | $4.3M | New |
| TY Tri-Continental Corp. | 0.46% | 132,096 | $4.0M | Add +2.3% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.42% | 14,094 | $3.6M | Reduce -4.1% |
| JPM JPMorgan Chase & Co. | 0.38% | 13,082 | $3.3M | Add +0.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.38% | 19,384 | $3.2M | Add +5.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 5,653 | $3.2M | Add +2.7% |
| ABBV Abbvie Inc. | 0.34% | 15,606 | $2.9M | Reduce -1.3% |
| JNJ Johnson & Johnson | 0.31% | 17,280 | $2.7M | Add +1.8% |
| IWB iShares Russell 1000 ETF | 0.30% | 8,261 | $2.5M | Add +16.5% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.28% | 31,571 | $2.4M | Add +499.1% |
| COST Costco Wholesale Corp. | 0.28% | 2,371 | $2.4M | Reduce -2.4% |
| XLI SS Industrial Select Sector | 0.28% | 17,897 | $2.4M | Add +0.3% |
| XLK SS Technology Select Sector | 0.27% | 10,629 | $2.3M | Add +1.0% |
| RSPH Invesco S&P 500 Equal Weight | 0.26% | 79,708 | $2.2M | Reduce -6.1% |
| XJPIX Nuveen Preferred Securities | 0.25% | 104,142 | $2.1M | Reduce -46.8% |
| XOM Exxon Mobil Corp. | 0.24% | 19,595 | $2.1M | Reduce -3.5% |
| PG The Procter & Gamble Co. | 0.24% | 12,797 | $2.0M | Add +3.6% |
| LLY Eli Lilly & Co. | 0.23% | 2,576 | $2.0M | Add +1.8% |
| SYK Stryker Corp. | 0.23% | 5,190 | $2.0M | Reduce -1.3% |
| ORCL Oracle Corp. | 0.23% | 13,072 | $1.9M | Add +0.8% |
| PML PIMCO Municipal Income FD II | 0.20% | 225,186 | $1.7M | Add +19.9% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.19% | 14,000 | $1.6M | No change |
| ET Energy Transfer LP | 0.19% | 101,756 | $1.6M | Add +215.8% |
| IBIT iShares Bitcoin Trust ETF | 0.18% | 29,211 | $1.6M | Add +4.3% |
| WMT Walmart Inc. | 0.17% | 14,486 | $1.4M | Add +7.7% |
| AVGO Broadcom Inc. | 0.16% | 6,992 | $1.4M | Add +33.5% |
| IVW iShares S&P 500 Growth ETF | 0.16% | 14,328 | $1.4M | Reduce -0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.16% | 21,213 | $1.3M | Add +23.1% |
| PANW Palo Alto Networks Inc. | 0.16% | 7,066 | $1.3M | Add +0.3% |
| ITA iShares U.S. Aerospace & Def | 0.15% | 8,200 | $1.3M | No change |
| IEMG iShares Core MSCI Emerging | 0.15% | 23,474 | $1.3M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.15% | 3,296 | $1.3M | Add +3.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.14% | 4,880 | $1.2M | Add +6.2% |
| HD Home Depot Inc. | 0.14% | 3,358 | $1.2M | Add +2.1% |
| IT Gartner Inc. | 0.14% | 2,778 | $1.2M | Reduce -0.9% |
| IYH iShares U.S. Healthcare ETF | 0.14% | 21,325 | $1.2M | No change |
| BN Brookfield Corp. | 0.14% | 21,905 | $1.2M | Add +47.7% |
| OCSL Oaktree Specialty Lending Co. | 0.14% | 87,613 | $1.2M | Reduce -49.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.13% | 5,816 | $1.2M | Add +39.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 4,097 | $1.1M | Reduce -0.5% |
| PM Philip Morris International | 0.13% | 6,217 | $1.1M | Reduce -4.4% |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | 0.13% | 24,111 | $1.1M | Add +1.8% |
| MRK Merck & Co. Inc. | 0.12% | 13,441 | $1.1M | Add +2.4% |
| MCD McDonald's Corp. | 0.12% | 3,330 | $1.1M | Add +6.0% |
| EPD Enterprise Products Partners | 0.12% | 34,050 | $1.0M | Add +41.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 24,388 | $996K | Add +2.2% |
| PSF Cohen & Steers Select Prefer | 0.11% | 50,978 | $982K | Reduce -50.5% |
| APPN Appian Corp. Class A | 0.11% | 31,162 | $956K | Add +4.4% |
| RTX RTX Corp. | 0.11% | 7,426 | $952K | Reduce -11.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 3,730 | $929K | Add +5.9% |
| UNP Union Pacific Corp. | 0.11% | 4,288 | $914K | Add +1.0% |
| TT Trane Technologies PLC | 0.10% | 2,206 | $897K | Add +2.8% |
| AVUV Avantis US Small Cap Value | 0.10% | 10,383 | $877K | Reduce -45.5% |
| GLD SPDR Gold Shares | 0.10% | 2,607 | $822K | Add +137.0% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -0.6% | 2.65% | −0.55 |
| IJR iShares Core S&P Small-Cap E | Reduce -9.5% | 2.26% | −0.54 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 1.57% | −0.34 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -21.0% | 0.96% | −0.30 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -10.8% | 2.93% | −0.29 |
| GSLC Goldman Activebeta US LC ETF | Reduce -2.5% | 2.94% | −0.25 |
| VOOG Vanguard S&P 500 Growth ETF | Reduce -1.0% | 2.50% | −0.23 |
| XJPIX Nuveen Preferred Securities | Reduce -46.8% | 0.25% | −0.20 |
| OCSL Oaktree Specialty Lending Co. | Reduce -49.1% | 0.14% | −0.17 |
| IWM iShares Russell 2000 ETF | Reduce -7.5% | 0.70% | −0.15 |
| TROW T Rowe Price Group Inc. | Reduce -0.2% | 0.88% | −0.14 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -2.5% | 2.05% | −0.14 |
| VHT Vanguard Health Care ETF | Reduce -10.3% | 0.75% | −0.13 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -53.4% | 0.09% | −0.13 |
| PSF Cohen & Steers Select Prefer | Reduce -50.5% | 0.11% | −0.12 |
| AVUV Avantis US Small Cap Value | Reduce -45.5% | 0.10% | −0.11 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -7.0% | 0.60% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 0.70% | −0.07 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -4.1% | 0.42% | −0.07 |
| GSBD Goldman Sachs BDC Inc. | Reduce -61.9% | 0.02% | −0.05 |
| XBMEX BlackRock Health Sciences | Reduce -1.2% | 0.64% | −0.05 |
| IUSG iShares Core S&P U.S. Growth | Reduce -1.0% | 0.53% | −0.05 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| TCHP T Rowe Price Blue Chip Growt | Sold out | 0.00% | −0.03 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.03 |
| CODI Compass Diversified Holdings | Sold out | 0.00% | −0.03 |
| RSPH Invesco S&P 500 Equal Weight | Reduce -6.1% | 0.26% | −0.03 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.03 |
| UTF Cohen & Steers Infrastructur | Sold out | 0.00% | −0.03 |
| PRF Invesco Rafi US 1000 ETF | Reduce -0.0% | 0.60% | −0.03 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Sold out | 0.00% | −0.03 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −0.03 |
| ACWI iShares MSCI Acwi ETF | Sold out | 0.00% | −0.03 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.02 |
| ESGV Vanguard ESG US Stock ETF | Sold out | 0.00% | −0.02 |
| IT Gartner Inc. | Reduce -0.9% | 0.14% | −0.02 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.02 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.02 |
| TRGP Targa Resources Corp. | Reduce -11.6% | 0.04% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -2.4% | 0.28% | −0.02 |
| CEG Constellation Energy | Reduce -6.0% | 0.08% | −0.02 |
| DIS The Walt Disney Co. | Reduce -7.2% | 0.06% | −0.02 |
| BX Blackstone Inc. | Reduce -2.5% | 0.06% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.9% | 0.16% | −0.01 |
| XLF SS Financial Select Sector | Reduce -16.5% | 0.06% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -26.1% | 0.03% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -4.5% | 0.04% | −0.01 |
| CSX CSX Corp. | Reduce -0.5% | 0.06% | −0.01 |
| PFE Pfizer Inc. | Reduce -20.9% | 0.03% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +27.4% | 4.72% | +0.75 |
| VIG Vanguard Dividend Apprec ETF | Add +33.6% | 3.29% | +0.73 |
| JPST JPMorgan Ultra-Short Income | Add +143.1% | 0.99% | +0.60 |
| XCHYX Calamos Convert & High Inc. | New | 0.50% | +0.50 |
| NAD Nuveen Quality Municipal Inc. | Add +91.7% | 0.91% | +0.43 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +32.1% | 1.80% | +0.39 |
| JPIE JPMorgan Income ETF | Add +10.0% | 2.89% | +0.32 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +499.1% | 0.28% | +0.24 |
| COR Cencora Inc. | Add +9.8% | 0.78% | +0.20 |
| PDI PIMCO Dynamic Income Fund | Add +16.8% | 1.48% | +0.20 |
| IEFA iShares Core MSCI Eafe ETF | Add +9.9% | 1.04% | +0.17 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +19.6% | 1.45% | +0.14 |
| ET Energy Transfer LP | Add +215.8% | 0.19% | +0.11 |
| NVDA Nvidia Corp. | Add +33.6% | 0.97% | +0.11 |
| NVG Nuveen Amt-FR Muni CRDT | Add +13.1% | 0.68% | +0.06 |
| GLD SPDR Gold Shares | Add +137.0% | 0.10% | +0.06 |
| RSP Invesco S&P 500 Equal Weight | Add +253.4% | 0.08% | +0.06 |
| JEPI JPMorgan Equity Premium Inco | Add +4.4% | 12.45% | +0.06 |
| MQY BlackRock Muniyield Quality | Add +6.9% | 1.41% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | Add +23.1% | 0.16% | +0.04 |
| BN Brookfield Corp. | Add +47.7% | 0.14% | +0.04 |
| TRV The Travelers Cos Inc. | New | 0.03% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | Add +39.5% | 0.13% | +0.03 |
| CI The Cigna Group | New | 0.03% | +0.03 |
| EPD Enterprise Products Partners | Add +41.0% | 0.12% | +0.03 |
| MCK McKesson Corp. | New | 0.03% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.03% | +0.03 |
| LIN Linde PLC | New | 0.03% | +0.03 |
| NVS Novartis AG-Sponsored ADR | New | 0.03% | +0.03 |
| IWB iShares Russell 1000 ETF | Add +16.5% | 0.30% | +0.03 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.02% | +0.02 |
| AVGO Broadcom Inc. | Add +33.5% | 0.16% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.02% | +0.02 |
| VXUS Vanguard Total Intl Stock | New | 0.02% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.02% | +0.02 |
| PML PIMCO Municipal Income FD II | Add +19.9% | 0.20% | +0.02 |
| BOND PIMCO Active Bond Exchange-T | Add +1.6% | 0.53% | +0.02 |
| AMT American Tower Corp. | Add +3.1% | 0.08% | +0.02 |
| TT Trane Technologies PLC | Add +2.8% | 0.10% | +0.02 |
| MO Altria Group Inc. | Add +1.5% | 0.09% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.6% | 0.60% | +0.01 |
| MCD McDonald's Corp. | Add +6.0% | 0.12% | +0.01 |
| SMH Vaneck Semiconductor ETF | Add +38.2% | 0.07% | +0.01 |
| V Visa Inc. Class A | Add +0.5% | 0.80% | +0.01 |
| UBER Uber Technologies Inc. | Add +16.3% | 0.05% | +0.01 |
| JNJ Johnson & Johnson | Add +1.8% | 0.31% | +0.01 |
| NFLX Netflix Inc. | Add +5.3% | 0.07% | +0.01 |
| PG The Procter & Gamble Co. | Add +3.6% | 0.24% | +0.01 |
| MRSH Marsh & McLennan Cos | Add +17.7% | 0.05% | +0.01 |
| APH Amphenol Corp. Class A | Add +4.3% | 0.05% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 273 | $1.2B | JEPI, GPIX, VYM, IVV, JPIE |
| Q1 2026 | 257 | $1.1B | JEPI, GPIX, VYM, IVV, VIG |
| Q4 2025 | 248 | $1.0B | JEPI, GPIX, VYM, IVV, VIG |
| Q3 2025 | 244 | $1.0B | JEPI, GPIX, VYM, IVV, VIG |
| Q2 2025 | 239 | $931.2M | JEPI, GPIX, VYM, IVV, VIG |
| Q1 2025 | 229 | $856.8M | JEPI, VYM, GPIX, IVV, VIG |
| Q4 2024 | 233 | $880.3M | JEPI, VYM, IVV, GPIX, JAAA |
| Q3 2024 | 218 | $759.9M | JEPI, VYM, IVV, AAPL, GSLC |
| Q2 2024 | 212 | $711.0M | JEPI, IVV, VYM, AAPL, GSLC |
| Q1 2024 | 225 | $701.4M | JEPI, IVV, VYM, GSLC, IJR |