# CORNERSTONE ADVISORS INC

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 1166880. Source: https://holderbook.com/funds/1166880-cornerstone-advisors-inc/

- Reported value: $1.2B
- Positions: 193
- Weight of the ten largest: 25.6%
- Filed: 2019-05-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $56.4M | 478,400 | 4.6% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $47.4M | 40,407 | 3.8% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $37.4M | 21,000 | 3.0% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $28.5M | 282,000 | 2.3% | 2 |
| ADAMS DIVERSIFIED EQUITY FD | [ADX](https://holderbook.com/stocks/ADX/) | $27.1M | 1,875,715 | 2.2% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $26.0M | 137,000 | 2.1% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $24.3M | 249,000 | 2.0% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $23.5M | 436,000 | 1.9% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $23.2M | 287,636 | 1.9% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $22.9M | 426,700 | 1.9% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $21.9M | 156,700 | 1.8% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $21.8M | 369,000 | 1.8% | 2 |
| GENERAL AMERN INVS CO INC | [GAM](https://holderbook.com/stocks/GAM/) | $21.3M | 639,570 | 1.7% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $20.6M | 54,000 | 1.7% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $20.6M | 484,000 | 1.7% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $20.4M | 245,800 | 1.7% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $20.1M | 104,600 | 1.6% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $19.5M | 97,000 | 1.6% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $19.4M | 124,100 | 1.6% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $17.5M | 438,000 | 1.4% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $17.3M | 627,300 | 1.4% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $14.9M | 143,000 | 1.2% | 2 |
| ALLIANZGI NFJ DIVID INT & PR | [NFJXXXX](https://holderbook.com/stocks/NFJXXXX/) | $14.7M | 1,217,859 | 1.2% | 2 |
| CBRE GBL REAL ESTATE INC FD | [IGR](https://holderbook.com/stocks/IGR/) | $14.3M | 1,915,082 | 1.2% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $14.1M | 59,700 | 1.1% | 2 |
| ADAM NAT RES FD INC | [PEO](https://holderbook.com/stocks/PEO/) | $14.0M | 836,282 | 1.1% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $13.5M | 110,000 | 1.1% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $13.3M | 120,000 | 1.1% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $13.1M | 78,500 | 1.1% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $12.9M | 161,000 | 1.0% | 2 |
| ABRDN TOTAL DYNAMIC DIVIDEND | [AOD](https://holderbook.com/stocks/AOD/) | $12.6M | 1,525,570 | 1.0% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $11.9M | 71,000 | 1.0% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $11.8M | 91,000 | 1.0% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $11.6M | 185,700 | 0.9% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $11.1M | 37,000 | 0.9% | 2 |
| NUVEEN REAL ASSET INCOME & G | [JRI](https://holderbook.com/stocks/JRI/) | $10.9M | 677,855 | 0.9% | 2 |
| BLACKROCK RES & COMMODITIES | [BCX](https://holderbook.com/stocks/BCX/) | $10.6M | 1,303,407 | 0.9% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $10.5M | 115,000 | 0.8% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.9M | 35,000 | 0.8% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $9.6M | 39,000 | 0.8% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $9.6M | 39,500 | 0.8% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $9.4M | 89,000 | 0.8% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $8.7M | 77,600 | 0.7% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $8.4M | 48,000 | 0.7% | 2 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $8.4M | 28,000 | 0.7% | 2 |
| TRI CONTL CORP | [TY](https://holderbook.com/stocks/TY/) | $8.1M | 308,564 | 0.7% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $7.8M | 105,000 | 0.6% | 2 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $7.6M | 90,000 | 0.6% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $7.1M | 25,000 | 0.6% | 2 |
| MACQUARIE GLOBAL INFRASTRUCT | [MGU](https://holderbook.com/stocks/MGU/) | $7.1M | 319,868 | 0.6% | 2 |
| DUFF & PHELPS UTLITY AND INF | [DPG](https://holderbook.com/stocks/DPG/) | $6.7M | 448,321 | 0.5% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $6.6M | 99,000 | 0.5% | 2 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $6.6M | 23,000 | 0.5% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $6.6M | 34,700 | 0.5% | 2 |
| ROYCE SMALL CAP TRUST INC | [RVT](https://holderbook.com/stocks/RVT/) | $6.4M | 466,255 | 0.5% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $6.2M | 116,000 | 0.5% | 2 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $6.1M | 80,900 | 0.5% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $6.0M | 22,000 | 0.5% | 2 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $6.0M | 23,000 | 0.5% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $5.9M | 54,000 | 0.5% | 2 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $5.9M | 37,000 | 0.5% | 2 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $5.6M | 35,000 | 0.4% | 2 |
| DOWDUPONT INC | [DWDP](https://holderbook.com/stocks/DWDP/) | $5.5M | 104,114 | 0.4% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $5.4M | 29,000 | 0.4% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $5.4M | 3,100 | 0.4% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $5.2M | 48,000 | 0.4% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $5.2M | 27,000 | 0.4% | 2 |
| TEKLA HEALTHCARE OPPORTUNITI | [THQ](https://holderbook.com/stocks/THQ/) | $5.2M | 296,100 | 0.4% | 1 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $5.1M | 32,000 | 0.4% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.0M | 37,000 | 0.4% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $5.0M | 30,300 | 0.4% | 2 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $4.9M | 30,518 | 0.4% | 2 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $4.9M | 26,900 | 0.4% | 2 |
| RMR REAL ESTATE INCOME FUND | [RMRM](https://holderbook.com/stocks/RMRM/) | $4.7M | 249,333 | 0.4% | 2 |
| GABELLI HEALTHCARE & WELLNES | [GRX](https://holderbook.com/stocks/GRX/) | $4.6M | 435,955 | 0.4% | 2 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $4.5M | 35,000 | 0.4% | 2 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $4.4M | 25,000 | 0.4% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $4.3M | 90,000 | 0.4% | 2 |
| GDL FD | [GDL](https://holderbook.com/stocks/GDL/) | $4.3M | 452,417 | 0.3% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $4.3M | 111,000 | 0.3% | 2 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $4.2M | 52,000 | 0.3% | 2 |
| TEMPLETON DRAGON FD INC | [TDF](https://holderbook.com/stocks/TDF/) | $4.2M | 212,077 | 0.3% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $4.2M | 78,080 | 0.3% | 2 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $4.2M | 32,000 | 0.3% | 2 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $4.1M | 57,000 | 0.3% | 2 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $4.0M | 64,000 | 0.3% | 2 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $4.0M | 16,000 | 0.3% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $3.9M | 38,000 | 0.3% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $3.9M | 54,000 | 0.3% | 2 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $3.8M | 20,000 | 0.3% | 2 |
| BLACKROCK ENHANCED GLOBAL | [BOE](https://holderbook.com/stocks/BOE/) | $3.8M | 354,488 | 0.3% | 2 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $3.8M | 75,000 | 0.3% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $3.7M | 14,000 | 0.3% | 2 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $3.7M | 48,000 | 0.3% | 2 |
| KAYNE ANDERSON NEXTGEN ENRGY | [KMF](https://holderbook.com/stocks/KMF/) | $3.6M | 302,376 | 0.3% | 1 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $3.5M | 28,000 | 0.3% | 1 |
| MEXICO FD INC | [MXF](https://holderbook.com/stocks/MXF/) | $3.5M | 252,396 | 0.3% | 2 |
| SOURCE CAP INC | [SOR](https://holderbook.com/stocks/SOR/) | $3.5M | 96,143 | 0.3% | 2 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $3.5M | 45,000 | 0.3% | 2 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $3.4M | 39,000 | 0.3% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2019 | +12.6% | +13.0% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $1.2B | 193 |
| Q4 2018 | $1.1B | 223 |