Cornerstone Advisory, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Cornerstone Advisory, LLC reported 239 stock positions worth $931.2 million. Its top holding was JPMorgan Equity Premium Inco (JEPI) at 12.0% of the portfolio, followed by GLDM SA S&P 500 PR in ETF-US (GPIX, 5.2%) and Vanguard High DVD Yield ETF (VYM, 4.8%). Compared with Q1 2025, it opened 16 new positions, sold out of 6, added to 123 and reduced 86. The biggest buy was GLDM SA S&P 500 PR in ETF-US (GPIX, shares +10%) and the biggest sale Cencora (COR, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- HUNT VALLEY, MD
- CIK
- 0001668189
- Portfolio Value
- $931.2M (Q2 2025)
- SEC Filing
- 0001765380-25-000271 ↗ filed Jul 30, 2025
Holdings Value
Holdings 239 stocks · $931.2M
| JEPI JPMorgan Equity Premium Inco | 11.98% | 1,962,031 | $111.5M | Add +1.9% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 5.21% | 973,018 | $48.5M | Add +10.4% |
| VYM Vanguard High DVD Yield ETF | 4.83% | 337,113 | $44.9M | Add +2.1% |
| IVV iShares Core S&P 500 ETF | 4.49% | 67,317 | $41.8M | Add +0.8% |
| VIG Vanguard Dividend Apprec ETF | 3.29% | 149,861 | $30.7M | Add +1.4% |
| GSLC Goldman Activebeta US LC ETF | 2.98% | 228,474 | $27.7M | Reduce -0.1% |
| JPIE JPMorgan Income ETF | 2.80% | 562,436 | $26.1M | Add +4.0% |
| JAAA Janus Henderson Aaa Clo ETF | 2.74% | 503,645 | $25.6M | Add +1.1% |
| VOOG Vanguard S&P 500 Growth ETF | 2.66% | 62,580 | $24.8M | Add +1.4% |
| AAPL Apple Inc. | 2.51% | 114,133 | $23.4M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.31% | 44,380 | $21.6M | Add +0.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 2.20% | 376,601 | $20.5M | Add +6.8% |
| IJR iShares Core S&P Small-Cap E | 2.17% | 184,748 | $20.2M | Reduce -2.9% |
| TCAF T Rowe PRC Cap Appreciation | 2.04% | 537,301 | $19.0M | Reduce -1.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.01% | 66,944 | $18.7M | Add +12.7% |
| VGT Vanguard Info Tech ETF | 1.86% | 26,142 | $17.3M | Add +0.1% |
| AMZN Amazon.com Inc. | 1.71% | 72,739 | $16.0M | Add +0.3% |
| MSFT Microsoft Corp. | 1.69% | 31,571 | $15.7M | Add +0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.65% | 35,140 | $15.4M | Add +8.2% |
| PDI PIMCO Dynamic Income Fund | 1.39% | 680,209 | $12.9M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 1.33% | 70,274 | $12.4M | Reduce -3.7% |
| MQY BlackRock Muniyield Quality | 1.29% | 1,081,864 | $12.0M | Add +0.5% |
| NVDA Nvidia Corp. | 1.21% | 71,254 | $11.3M | Reduce -3.1% |
| META Meta Platforms Inc. Class A | 1.03% | 12,991 | $9.6M | Reduce -0.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.02% | 113,701 | $9.5M | Add +2.0% |
| JPST JPMorgan Ultra-Short Income | 0.97% | 178,946 | $9.1M | Add +6.0% |
| NAD Nuveen Quality Municipal Inc. | 0.97% | 798,672 | $9.0M | Add +16.5% |
| MOAT Vaneck Morningstar Wide Moat | 0.90% | 89,677 | $8.4M | Reduce -6.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.86% | 83,075 | $8.0M | Reduce -1.1% |
| IWF iShares Russell 1000 Growth | 0.83% | 18,173 | $7.7M | Reduce -1.8% |
| NVG Nuveen Amt-FR Muni CRDT | 0.78% | 607,480 | $7.2M | Add +26.0% |
| V Visa Inc. Class A | 0.76% | 19,910 | $7.1M | Add +0.4% |
| IWM iShares Russell 2000 ETF | 0.70% | 30,162 | $6.5M | Reduce -1.4% |
| VHT Vanguard Health Care ETF | 0.69% | 25,820 | $6.4M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 0.68% | 35,926 | $6.4M | Reduce -0.7% |
| SDY SS SPDR S&P Dividend ETF | 0.67% | 46,203 | $6.3M | Reduce -0.2% |
| PRF Invesco Rafi US 1000 ETF | 0.60% | 131,198 | $5.5M | Add +0.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.59% | 28,339 | $5.5M | Add +0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.58% | 9,803 | $5.4M | Add +0.9% |
| IUSG iShares Core S&P U.S. Growth | 0.56% | 34,612 | $5.2M | Reduce -0.4% |
| MA Mastercard Inc. Class A | 0.56% | 9,219 | $5.2M | Add +0.8% |
| XBMEX BlackRock Health Sciences | 0.55% | 139,395 | $5.1M | Reduce -7.4% |
| PDO PIMCO Dynamic Income Opport | 0.52% | 355,904 | $4.8M | Reduce -12.6% |
| XCHYX Calamos Convert & High Inc. | 0.50% | 423,931 | $4.7M | Reduce -0.2% |
| IWD iShares Russell 1000 Value E | 0.49% | 23,629 | $4.6M | Reduce -2.3% |
| BOND PIMCO Active Bond Exchange-T | 0.48% | 48,511 | $4.5M | Reduce -3.6% |
| COR Cencora Inc. | 0.48% | 14,905 | $4.5M | Reduce -34.9% |
| TY Tri-Continental Corp. | 0.47% | 139,177 | $4.4M | Add +5.4% |
| JPM JPMorgan Chase & Co. | 0.41% | 13,302 | $3.9M | Add +1.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.41% | 13,756 | $3.8M | Reduce -2.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.37% | 19,705 | $3.5M | Add +1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 5,614 | $3.5M | Reduce -0.7% |
| XOM Exxon Mobil Corp. | 0.31% | 27,083 | $2.9M | Add +38.2% |
| ABBV Abbvie Inc. | 0.31% | 15,584 | $2.9M | Reduce -0.1% |
| ORCL Oracle Corp. | 0.30% | 12,961 | $2.8M | Reduce -0.8% |
| IWB iShares Russell 1000 ETF | 0.30% | 8,270 | $2.8M | Add +0.1% |
| XLK SS Technology Select Sector | 0.29% | 10,611 | $2.7M | Reduce -0.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.29% | 33,240 | $2.7M | Add +5.3% |
| JNJ Johnson & Johnson | 0.28% | 17,308 | $2.6M | Add +0.2% |
| XLI SS Industrial Select Sector | 0.28% | 17,898 | $2.6M | Add +0.0% |
| COST Costco Wholesale Corp. | 0.25% | 2,385 | $2.4M | Add +0.6% |
| RSPH Invesco S&P 500 Equal Weight | 0.25% | 78,813 | $2.3M | Reduce -1.1% |
| SYK Stryker Corp. | 0.22% | 5,187 | $2.1M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.22% | 2,591 | $2.0M | Add +0.6% |
| PG The Procter & Gamble Co. | 0.21% | 12,563 | $2.0M | Reduce -1.8% |
| IBIT iShares Bitcoin Trust ETF | 0.21% | 31,993 | $2.0M | Add +9.5% |
| AVGO Broadcom Inc. | 0.21% | 7,095 | $2.0M | Add +1.5% |
| ET Energy Transfer LP | 0.21% | 105,575 | $1.9M | Add +3.8% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.19% | 14,000 | $1.7M | No change |
| PML PIMCO Municipal Income FD II | 0.19% | 231,741 | $1.7M | Add +2.9% |
| IVW iShares S&P 500 Growth ETF | 0.17% | 14,150 | $1.6M | Reduce -1.2% |
| XJPIX Nuveen Preferred Securities | 0.17% | 74,595 | $1.6M | Reduce -28.4% |
| ITA iShares U.S. Aerospace & Def | 0.17% | 8,201 | $1.5M | Add +0.0% |
| IEMG iShares Core MSCI Emerging | 0.16% | 24,766 | $1.5M | Add +5.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.16% | 6,471 | $1.5M | Add +11.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.16% | 21,844 | $1.5M | Add +3.0% |
| PANW Palo Alto Networks Inc. | 0.16% | 7,071 | $1.4M | Add +0.1% |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | 0.15% | 28,380 | $1.4M | Add +17.7% |
| WMT Walmart Inc. | 0.15% | 14,338 | $1.4M | Reduce -1.0% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.15% | 4,918 | $1.4M | Add +0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 4,079 | $1.2M | Reduce -0.4% |
| HD Home Depot Inc. | 0.13% | 3,346 | $1.2M | Reduce -0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 25,630 | $1.2M | Add +5.1% |
| IYH iShares U.S. Healthcare ETF | 0.13% | 21,325 | $1.2M | No change |
| OCSL Oaktree Specialty Lending Co. | 0.13% | 87,289 | $1.2M | Reduce -0.4% |
| QBTS D-Wave Quantum Inc. | 0.13% | 80,474 | $1.2M | New |
| EPD Enterprise Products Partners | 0.12% | 37,105 | $1.2M | Add +9.0% |
| IT Gartner Inc. | 0.12% | 2,774 | $1.1M | Reduce -0.1% |
| PM Philip Morris International | 0.12% | 6,097 | $1.1M | Reduce -1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 3,746 | $1.1M | Add +0.4% |
| RTX RTX Corp. | 0.12% | 7,490 | $1.1M | Add +0.9% |
| MRK Merck & Co. Inc. | 0.11% | 13,494 | $1.1M | Add +0.4% |
| UNP Union Pacific Corp. | 0.11% | 4,271 | $983K | Reduce -0.4% |
| TT Trane Technologies PLC | 0.10% | 2,209 | $966K | Add +0.1% |
| GLD SPDR Gold Shares | 0.10% | 3,136 | $956K | Add +20.3% |
| MCD McDonald's Corp. | 0.10% | 3,218 | $940K | Reduce -3.4% |
| AVUV Avantis US Small Cap Value | 0.10% | 10,225 | $931K | Reduce -1.5% |
| PLTR Palantir Technologies Inc. Class A | 0.10% | 6,762 | $922K | Reduce -2.9% |
| AMAT Applied Materials Inc. | 0.10% | 4,891 | $895K | Add +1.1% |
| BN Brookfield Corp. | 0.10% | 14,475 | $895K | Reduce -33.9% |
Options reported separately and not counted above: PSQ calls ($11K), CODI calls ($2K).
Portfolio Sells Q1 2025 → Q2 2025
| COR Cencora Inc. | Reduce -34.9% | 0.48% | −0.30 |
| AAPL Apple Inc. | Reduce -0.0% | 2.51% | −0.13 |
| PDO PIMCO Dynamic Income Opport | Reduce -12.6% | 0.52% | −0.13 |
| XBMEX BlackRock Health Sciences | Reduce -7.4% | 0.55% | −0.10 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.9% | 2.17% | −0.09 |
| XJPIX Nuveen Preferred Securities | Reduce -28.4% | 0.17% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -21.1% | 0.09% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -3.7% | 1.33% | −0.06 |
| VHT Vanguard Health Care ETF | Reduce -1.3% | 0.69% | −0.06 |
| BOND PIMCO Active Bond Exchange-T | Reduce -3.6% | 0.48% | −0.05 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -6.1% | 0.90% | −0.05 |
| BN Brookfield Corp. | Reduce -33.9% | 0.10% | −0.04 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.2% | 0.67% | −0.03 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.31% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -25.7% | 0.07% | −0.03 |
| PSF Cohen & Steers Select Prefer | Reduce -18.6% | 0.09% | −0.02 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -31.3% | 0.04% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.02 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -2.3% | 0.49% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.21% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -1.1% | 0.86% | −0.02 |
| MCD McDonald's Corp. | Reduce -3.4% | 0.10% | −0.02 |
| APPN Appian Corp. Class A | Reduce -8.8% | 0.09% | −0.02 |
| IT Gartner Inc. | Reduce -0.1% | 0.12% | −0.02 |
| AEP American Electric Power | Reduce -12.6% | 0.06% | −0.02 |
| MO Altria Group Inc. | Reduce -7.6% | 0.08% | −0.02 |
| PTY PIMCO Corporate & Income Opp | Sold out | 0.00% | −0.02 |
| WMT Walmart Inc. | Reduce -1.0% | 0.15% | −0.02 |
| AMGN Amgen Inc. | Reduce -11.6% | 0.07% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 0.68% | −0.01 |
| RSPH Invesco S&P 500 Equal Weight | Reduce -1.1% | 0.25% | −0.01 |
| DUK Duke Energy Corp. | Reduce -3.3% | 0.07% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -19.7% | 0.03% | −0.01 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -1.8% | 2.04% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -15.7% | 0.03% | −0.01 |
| OCSL Oaktree Specialty Lending Co. | Reduce -0.4% | 0.13% | −0.01 |
| HD Home Depot Inc. | Reduce -0.4% | 0.13% | −0.01 |
| SYK Stryker Corp. | Reduce -0.1% | 0.22% | −0.01 |
| AMT American Tower Corp. | Reduce -0.1% | 0.08% | −0.01 |
| PM Philip Morris International | Reduce -1.9% | 0.12% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -10.5% | 0.03% | −0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -2.4% | 0.41% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -4.5% | 0.06% | −0.01 |
| EXC Exelon Corp. | Reduce -3.8% | 0.03% | −0.01 |
| DHR Danaher Corp. | Reduce -2.9% | 0.08% | −0.01 |
| KYN Kayne Anderson Energy Infra | Reduce -7.8% | 0.07% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +10.4% | 5.21% | +0.48 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +12.7% | 2.01% | +0.22 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +8.2% | 1.65% | +0.20 |
| VOOG Vanguard S&P 500 Growth ETF | Add +1.4% | 2.66% | +0.17 |
| VGT Vanguard Info Tech ETF | Add +0.1% | 1.86% | +0.16 |
| AMZN Amazon.com Inc. | Add +0.3% | 1.71% | +0.15 |
| QBTS D-Wave Quantum Inc. | New | 0.13% | +0.13 |
| IVV iShares Core S&P 500 ETF | Add +0.8% | 4.49% | +0.11 |
| NVG Nuveen Amt-FR Muni CRDT | Add +26.0% | 0.78% | +0.10 |
| MSFT Microsoft Corp. | Add +0.8% | 1.69% | +0.10 |
| JEPQ JPM Nasdaq Equity Premium | Add +6.8% | 2.20% | +0.09 |
| XOM Exxon Mobil Corp. | Add +38.2% | 0.31% | +0.07 |
| NAD Nuveen Quality Municipal Inc. | Add +16.5% | 0.97% | +0.06 |
| AVGO Broadcom Inc. | Add +1.5% | 0.21% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.9% | 0.58% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +1.7% | 0.41% | +0.03 |
| VEA Vanguard Ftse Developed ETF | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | New | 0.03% | +0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +9.5% | 0.21% | +0.03 |
| PODD Insulet Corp. | New | 0.03% | +0.03 |
| XLE SS Energy Select Sector | New | 0.03% | +0.03 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | Add +17.7% | 0.15% | +0.03 |
| ADBE Adobe Inc. | New | 0.03% | +0.03 |
| TCHP T Rowe Price Blue Chip Growt | New | 0.03% | +0.03 |
| VYM Vanguard High DVD Yield ETF | Add +2.1% | 4.83% | +0.02 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.02% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +11.3% | 0.16% | +0.02 |
| PH Parker Hannifin Corp. | New | 0.02% | +0.02 |
| INTU Intuit Inc. | New | 0.02% | +0.02 |
| ESGV Vanguard ESG US Stock ETF | New | 0.02% | +0.02 |
| MRVL Marvell Technology Inc. | New | 0.02% | +0.02 |
| INTC Intel Corp. | New | 0.02% | +0.02 |
| AI C3.AI Inc. Class A | New | 0.02% | +0.02 |
| PYPL PayPal Holdings Inc. | New | 0.02% | +0.02 |
| ET Energy Transfer LP | Add +3.8% | 0.21% | +0.02 |
| AMD Advanced Micro Devices | Add +1.4% | 0.07% | +0.02 |
| DIS The Walt Disney Co. | Add +1.5% | 0.08% | +0.02 |
| TSLA Tesla Inc. | Add +14.6% | 0.09% | +0.02 |
| BAC Bank of America Corp. | Add +5.1% | 0.13% | +0.01 |
| ITA iShares U.S. Aerospace & Def | Add +0.0% | 0.17% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.4% | 0.12% | +0.01 |
| TY Tri-Continental Corp. | Add +5.4% | 0.47% | +0.01 |
| AMAT Applied Materials Inc. | Add +1.1% | 0.10% | +0.01 |
| CVX Chevron Corp. | Add +14.9% | 0.09% | +0.01 |
| TXN Texas Instruments Inc. | Add +2.4% | 0.05% | +0.01 |
| CAT Caterpillar Inc. | Add +2.3% | 0.07% | +0.01 |
| EMR Emerson Electric Co. | Add +0.2% | 0.07% | +0.01 |
| NFLX Netflix Inc. | Add +2.3% | 0.08% | +0.01 |
| APH Amphenol Corp. Class A | Add +0.9% | 0.05% | +0.01 |
| PFE Pfizer Inc. | Add +27.5% | 0.03% | +0.01 |
Options Activity Q1 2025 → Q2 2025
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |