Cornerstone Advisory, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Cornerstone Advisory, LLC reported 244 stock positions worth $1.0 billion. Its top holding was JPMorgan Equity Premium Inco (JEPI) at 11.4% of the portfolio, followed by GLDM SA S&P 500 PR in ETF-US (GPIX, 5.9%) and Vanguard High DVD Yield ETF (VYM, 4.8%). Compared with Q2 2025, it opened 20 new positions, sold out of 15, added to 134 and reduced 78. The biggest buy was GLDM SA S&P 500 PR in ETF-US (GPIX, shares +17%) and the biggest sale BlackRock Health Sciences (XBMEX, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- HUNT VALLEY, MD
- CIK
- 0001668189
- Portfolio Value
- $1.0B (Q3 2025)
- SEC Filing
- 0001765380-25-000443 ↗ filed Nov 7, 2025
Holdings Value
Holdings 244 stocks · $1.0B
| JEPI JPMorgan Equity Premium Inco | 11.36% | 2,026,302 | $115.7M | Add +3.3% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 5.86% | 1,141,385 | $59.6M | Add +17.3% |
| VYM Vanguard High DVD Yield ETF | 4.80% | 346,694 | $48.9M | Add +2.8% |
| IVV iShares Core S&P 500 ETF | 4.61% | 70,145 | $46.9M | Add +4.2% |
| VIG Vanguard Dividend Apprec ETF | 3.27% | 154,103 | $33.3M | Add +2.8% |
| AAPL Apple Inc. | 2.90% | 115,868 | $29.5M | Add +1.5% |
| GSLC Goldman Activebeta US LC ETF | 2.89% | 225,939 | $29.4M | Reduce -1.1% |
| JPIE JPMorgan Income ETF | 2.72% | 597,558 | $27.7M | Add +6.2% |
| VOOG Vanguard S&P 500 Growth ETF | 2.64% | 61,676 | $26.9M | Reduce -1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.62% | 53,106 | $26.7M | Add +19.7% |
| JAAA Janus Henderson Aaa Clo ETF | 2.45% | 490,554 | $24.9M | Reduce -2.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.28% | 79,032 | $23.2M | Add +18.1% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 2.13% | 377,725 | $21.7M | Add +0.3% |
| IJR iShares Core S&P Small-Cap E | 2.06% | 176,413 | $21.0M | Reduce -4.5% |
| TCAF T Rowe PRC Cap Appreciation | 2.00% | 540,034 | $20.4M | Add +0.5% |
| VGT Vanguard Info Tech ETF | 1.93% | 26,345 | $19.7M | Add +0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.82% | 38,630 | $18.5M | Add +9.9% |
| GOOGL Alphabet Inc. Class A | 1.71% | 71,731 | $17.4M | Add +2.1% |
| MSFT Microsoft Corp. | 1.65% | 32,347 | $16.8M | Add +2.5% |
| AMZN Amazon.com Inc. | 1.59% | 73,857 | $16.2M | Add +1.5% |
| NVDA Nvidia Corp. | 1.37% | 74,605 | $13.9M | Add +4.7% |
| MQY BlackRock Muniyield Quality | 1.25% | 1,095,690 | $12.8M | Add +1.3% |
| PDI PIMCO Dynamic Income Fund | 1.22% | 629,626 | $12.5M | Reduce -7.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.10% | 128,182 | $11.2M | Add +12.7% |
| NAD Nuveen Quality Municipal Inc. | 1.02% | 885,174 | $10.3M | Add +10.8% |
| JPST JPMorgan Ultra-Short Income | 0.98% | 197,633 | $10.0M | Add +10.4% |
| META Meta Platforms Inc. Class A | 0.95% | 13,186 | $9.7M | Add +1.5% |
| IWF iShares Russell 1000 Growth | 0.83% | 18,051 | $8.5M | Reduce -0.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.82% | 81,343 | $8.3M | Reduce -2.1% |
| NVG Nuveen Amt-FR Muni CRDT | 0.81% | 670,364 | $8.2M | Add +10.3% |
| GOOG Alphabet Inc. Class C | 0.79% | 32,916 | $8.0M | Reduce -8.4% |
| IWM iShares Russell 2000 ETF | 0.70% | 29,279 | $7.1M | Reduce -2.9% |
| V Visa Inc. Class A | 0.67% | 19,958 | $6.8M | Add +0.2% |
| SDY SS SPDR S&P Dividend ETF | 0.64% | 46,177 | $6.5M | Reduce -0.1% |
| MOAT Vaneck Morningstar Wide Moat | 0.60% | 61,737 | $6.1M | Reduce -31.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.60% | 32,717 | $6.1M | Add +66.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.58% | 9,803 | $5.9M | No change |
| PRF Invesco Rafi US 1000 ETF | 0.58% | 129,668 | $5.9M | Reduce -1.2% |
| VHT Vanguard Health Care ETF | 0.57% | 22,303 | $5.8M | Reduce -13.6% |
| IUSG iShares Core S&P U.S. Growth | 0.56% | 34,883 | $5.7M | Add +0.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.55% | 26,914 | $5.6M | Reduce -5.0% |
| MA Mastercard Inc. Class A | 0.53% | 9,421 | $5.4M | Add +2.2% |
| PDO PIMCO Dynamic Income Opport | 0.47% | 342,492 | $4.8M | Reduce -3.8% |
| TY Tri-Continental Corp. | 0.47% | 140,993 | $4.8M | Add +1.3% |
| IWD iShares Russell 1000 Value E | 0.47% | 23,431 | $4.8M | Reduce -0.8% |
| XCHYX Calamos Convert & High Inc. | 0.44% | 398,300 | $4.5M | Reduce -6.0% |
| JPM JPMorgan Chase & Co. | 0.42% | 13,517 | $4.3M | Add +1.6% |
| BOND PIMCO Active Bond Exchange-T | 0.42% | 45,272 | $4.2M | Reduce -6.7% |
| FEGE First Eagle GL Equity ETF | 0.40% | 92,291 | $4.1M | New |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.40% | 13,696 | $4.1M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 5,639 | $3.8M | Add +0.5% |
| ORCL Oracle Corp. | 0.37% | 13,349 | $3.8M | Add +3.0% |
| ABBV Abbvie Inc. | 0.36% | 15,842 | $3.7M | Add +1.7% |
| COR Cencora Inc. | 0.35% | 11,407 | $3.6M | Reduce -23.5% |
| JNJ Johnson & Johnson | 0.33% | 18,035 | $3.3M | Add +4.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.31% | 36,747 | $3.1M | Add +10.6% |
| XOM Exxon Mobil Corp. | 0.30% | 27,208 | $3.1M | Add +0.5% |
| IWB iShares Russell 1000 ETF | 0.30% | 8,280 | $3.0M | Add +0.1% |
| XLK SS Technology Select Sector | 0.29% | 10,383 | $2.9M | Reduce -2.1% |
| XLI SS Industrial Select Sector | 0.24% | 16,043 | $2.5M | Reduce -10.4% |
| IBIT iShares Bitcoin Trust ETF | 0.23% | 36,561 | $2.4M | Add +14.3% |
| AVGO Broadcom Inc. | 0.22% | 6,929 | $2.3M | Reduce -2.3% |
| XBMEX BlackRock Health Sciences | 0.22% | 61,205 | $2.3M | Reduce -56.1% |
| RSPH Invesco S&P 500 Equal Weight | 0.21% | 74,270 | $2.2M | Reduce -5.8% |
| ET Energy Transfer LP | 0.21% | 126,603 | $2.2M | Add +19.9% |
| COST Costco Wholesale Corp. | 0.21% | 2,311 | $2.1M | Reduce -3.1% |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | 0.21% | 40,579 | $2.1M | Add +43.0% |
| SO The Southern Co. | 0.21% | 22,456 | $2.1M | Add +325.6% |
| LLY Eli Lilly & Co. | 0.20% | 2,626 | $2.0M | Add +1.4% |
| PANW Palo Alto Networks Inc. | 0.19% | 9,655 | $2.0M | Add +36.5% |
| SYK Stryker Corp. | 0.19% | 5,199 | $1.9M | Add +0.2% |
| PG The Procter & Gamble Co. | 0.18% | 12,212 | $1.9M | Reduce -2.8% |
| IEMG iShares Core MSCI Emerging | 0.18% | 27,948 | $1.8M | Add +12.8% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.18% | 14,000 | $1.8M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.17% | 24,623 | $1.8M | Add +12.7% |
| GLD SPDR Gold Shares | 0.17% | 4,852 | $1.7M | Add +54.7% |
| ITA iShares U.S. Aerospace & Def | 0.17% | 8,201 | $1.7M | No change |
| IVW iShares S&P 500 Growth ETF | 0.17% | 14,161 | $1.7M | Add +0.1% |
| HD Home Depot Inc. | 0.16% | 4,100 | $1.7M | Add +22.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.16% | 6,698 | $1.7M | Add +3.5% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.15% | 5,133 | $1.5M | Add +4.4% |
| WMT Walmart Inc. | 0.15% | 14,573 | $1.5M | Add +1.6% |
| TSLA Tesla Inc. | 0.14% | 3,094 | $1.4M | Add +23.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 26,355 | $1.4M | Add +2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 4,044 | $1.3M | Reduce -0.9% |
| AVUV Avantis US Small Cap Value | 0.13% | 12,922 | $1.3M | Add +26.4% |
| EPD Enterprise Products Partners | 0.12% | 39,798 | $1.2M | Add +7.3% |
| PML PIMCO Municipal Income FD II | 0.11% | 145,722 | $1.2M | Reduce -37.1% |
| RTX RTX Corp. | 0.11% | 6,789 | $1.1M | Reduce -9.4% |
| TCAL T Rowe Pre CPT Apr PR in ETF | 0.11% | 45,139 | $1.1M | New |
| JPC Nuveen Prefered & Income Opp | 0.11% | 132,318 | $1.1M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 3,828 | $1.1M | Add +2.2% |
| MCD McDonald's Corp. | 0.10% | 3,477 | $1.1M | Add +8.1% |
| SMH Vaneck Semiconductor ETF | 0.10% | 3,196 | $1.0M | Add +18.6% |
| UNP Union Pacific Corp. | 0.10% | 4,410 | $1.0M | Add +3.3% |
| AMAT Applied Materials Inc. | 0.10% | 4,973 | $1.0M | Add +1.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.09% | 1,921 | $942K | Add +12.7% |
| PM Philip Morris International | 0.09% | 5,794 | $940K | Reduce -5.0% |
| CAT Caterpillar Inc. | 0.09% | 1,964 | $937K | Add +13.0% |
| CVX Chevron Corp. | 0.09% | 5,936 | $922K | Add +0.1% |
Options reported separately and not counted above: PSQ calls ($297).
Portfolio Sells Q2 2025 → Q3 2025
| XBMEX BlackRock Health Sciences | Reduce -56.1% | 0.22% | −0.32 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -31.2% | 0.60% | −0.30 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -2.6% | 2.45% | −0.30 |
| XJPIX Nuveen Preferred Securities | Sold out | 0.00% | −0.17 |
| PDI PIMCO Dynamic Income Fund | Reduce -7.4% | 1.22% | −0.16 |
| COR Cencora Inc. | Reduce -23.5% | 0.35% | −0.13 |
| IYH iShares U.S. Healthcare ETF | Sold out | 0.00% | −0.13 |
| QBTS D-Wave Quantum Inc. | Sold out | 0.00% | −0.13 |
| IT Gartner Inc. | Sold out | 0.00% | −0.12 |
| VHT Vanguard Health Care ETF | Reduce -13.6% | 0.57% | −0.12 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.5% | 2.06% | −0.11 |
| GSLC Goldman Activebeta US LC ETF | Reduce -1.1% | 2.89% | −0.09 |
| PML PIMCO Municipal Income FD II | Reduce -37.1% | 0.11% | −0.07 |
| BOND PIMCO Active Bond Exchange-T | Reduce -6.7% | 0.42% | −0.07 |
| XCHYX Calamos Convert & High Inc. | Reduce -6.0% | 0.44% | −0.06 |
| OCSL Oaktree Specialty Lending Co. | Reduce -39.7% | 0.07% | −0.06 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.05 |
| DHR Danaher Corp. | Reduce -55.6% | 0.03% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -3.1% | 0.21% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -5.0% | 0.55% | −0.04 |
| TROW T Rowe Price Group Inc. | Reduce -2.1% | 0.82% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -10.4% | 0.24% | −0.04 |
| PDO PIMCO Dynamic Income Opport | Reduce -3.8% | 0.47% | −0.04 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.1% | 0.64% | −0.04 |
| TT Trane Technologies PLC | Reduce -23.1% | 0.07% | −0.03 |
| RSPH Invesco S&P 500 Equal Weight | Reduce -5.8% | 0.21% | −0.03 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.8% | 0.18% | −0.03 |
| HON Honeywell International Inc. | Reduce -16.0% | 0.06% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.03 |
| VOOG Vanguard S&P 500 Growth ETF | Reduce -1.4% | 2.64% | −0.03 |
| PM Philip Morris International | Reduce -5.0% | 0.09% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -20.7% | 0.09% | −0.03 |
| CI The Cigna Group | Sold out | 0.00% | −0.03 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -0.8% | 0.47% | −0.02 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.02 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.02 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.02 |
| LEO BNY Mellon Strategic Muni | Reduce -71.6% | 0.01% | −0.02 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.02 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.02 |
| KYN Kayne Anderson Energy Infra | Reduce -22.9% | 0.04% | −0.02 |
| PRF Invesco Rafi US 1000 ETF | Reduce -1.2% | 0.58% | −0.02 |
| PSF Cohen & Steers Select Prefer | Reduce -14.4% | 0.07% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -32.3% | 0.08% | −0.02 |
| MCO Moody's Corp. | Reduce -15.4% | 0.05% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -24.1% | 0.03% | −0.02 |
| MAR Marriott International Class A | Reduce -5.8% | 0.07% | −0.02 |
| EMR Emerson Electric Co. | Reduce -12.5% | 0.05% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +17.3% | 5.86% | +0.65 |
| FEGE First Eagle GL Equity ETF | New | 0.40% | +0.40 |
| AAPL Apple Inc. | Add +1.5% | 2.90% | +0.38 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 1.71% | +0.38 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +19.7% | 2.62% | +0.31 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +18.1% | 2.28% | +0.27 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +66.0% | 0.60% | +0.23 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +9.9% | 1.82% | +0.17 |
| NVDA Nvidia Corp. | Add +4.7% | 1.37% | +0.16 |
| SO The Southern Co. | Add +325.6% | 0.21% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +4.2% | 4.61% | +0.12 |
| TCAL T Rowe Pre CPT Apr PR in ETF | New | 0.11% | +0.11 |
| JPC Nuveen Prefered & Income Opp | New | 0.11% | +0.11 |
| IEFA iShares Core MSCI Eafe ETF | Add +12.7% | 1.10% | +0.08 |
| VGT Vanguard Info Tech ETF | Add +0.8% | 1.93% | +0.07 |
| CGGO Cap Group Global Growth | New | 0.07% | +0.07 |
| GLD SPDR Gold Shares | Add +54.7% | 0.17% | +0.07 |
| ORCL Oracle Corp. | Add +3.0% | 0.37% | +0.06 |
| QXO Qxo Inc. | New | 0.06% | +0.06 |
| BXSL Blackstone Secured Lending F | New | 0.06% | +0.06 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | Add +43.0% | 0.21% | +0.06 |
| ABBV Abbvie Inc. | Add +1.7% | 0.36% | +0.05 |
| TSLA Tesla Inc. | Add +23.4% | 0.14% | +0.05 |
| NAD Nuveen Quality Municipal Inc. | Add +10.8% | 1.02% | +0.05 |
| JNJ Johnson & Johnson | Add +4.2% | 0.33% | +0.04 |
| SCHK Schwab 1000 Index ETF | New | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +36.5% | 0.19% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +102.4% | 0.07% | +0.03 |
| HD Home Depot Inc. | Add +22.5% | 0.16% | +0.03 |
| NVG Nuveen Amt-FR Muni CRDT | Add +10.3% | 0.81% | +0.03 |
| GDX Vaneck Gold Miners ETF | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.03% | +0.03 |
| AVUV Avantis US Small Cap Value | Add +26.4% | 0.13% | +0.03 |
| CL Colgate-Palmolive Co. | New | 0.02% | +0.02 |
| LRCX Lam Research Corp. | New | 0.02% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | Add +14.3% | 0.23% | +0.02 |
| GLW Corning Inc. | Add +3.1% | 0.07% | +0.02 |
| LOW Lowe's Cos Inc. | New | 0.02% | +0.02 |
| SMH Vaneck Semiconductor ETF | Add +18.6% | 0.10% | +0.02 |
| ANET Arista Networks Inc. | New | 0.02% | +0.02 |
| AVIV Avantis Intl LRG Cap Val ETF | New | 0.02% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +12.8% | 0.18% | +0.02 |
| KLAC KLA Corp. | New | 0.02% | +0.02 |
| IJH iShares Core S&P Midcap ETF | New | 0.02% | +0.02 |
| MINO PIMCO Municipal Income Oppor | New | 0.02% | +0.02 |
| TMUS T-Mobile US Inc. | New | 0.02% | +0.02 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +10.6% | 0.31% | +0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | Add +13.0% | 0.09% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +12.7% | 0.17% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| CODI Compass Diversified Holdings | call | Sold out | 10,000 | $2Kbefore exit |
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 |