Cornerstone Advisors, LLC

Registered adviser

CIK

1775446

Location

ASHEVILLE, NC

Portfolio Value

Mid $3,000,944,000

Diversification

Diversified

Filing Date

Global Rank

#1,240 / 8,827 ▼ 19 · as of Jun 2026

Top Industry

Semiconductors 18.4%

Period ended 38 days ago

Filed Nov 6, 2026 · 1d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 300891

Roster of Nov 1, 2026

Regulatory AUM

$3,040,951,014

Main clients

Registered funds and BDCs (100% of AUM)

Registered funds advised

2 series (0 index, 0 ETFs)

$2,748,882,380 net assets· N-CEN Dec 31, 2025

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$3,040,951,014	Registered funds and BDCs (100%)
Apr 2025 to Mar 2026	$2,525,069,942	Registered funds and BDCs (100%)
Apr 2024 to Mar 2025	$2,292,943,554	Registered funds and BDCs (100%)
May 2023 to Mar 2024	$2,039,250,957	Registered funds and BDCs (100%)
Apr 2023	$2,039,250,957	Registered funds and BDCs (100%)
Apr 2022 to Mar 2023	$1,852,586,683	Registered funds and BDCs (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 43.8%, 36.3 effective positions, active share 36.9% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

60.8% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 15.3 quarters (12+), a floor since 33.4% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 36.9%; sector active share 14.3% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

115 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

9.0%

+1.2 pts

Top 5

33.7%

+3.3 pts

Top 10

47.5%

+3.6 pts

HHI

315

Diversified+39

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	41.0%	$1,230,622,411	32
Financial Services	11.6%	$348,352,541	18
Communication Services	10.4%	$311,566,927	7
Healthcare	9.0%	$270,139,293	13
Consumer Cyclical	8.0%	$240,150,333	10
Industrials	7.7%	$231,870,232	20
Unclassified	5.2%	$157,364,242	2
Consumer Defensive	4.4%	$131,180,749	7
Real Estate	1.4%	$43,219,983	3
Basic Materials	1.2%	$36,477,289	3

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
APH	Amphenol Corp	+104,645	245,256	$20,675,080
PLTR	Palantir Technologies Inc.	+64,984	121,287	$22,686,733
CRWD	CrowdStrike Holdings, Inc.	+58,094	89,611	$23,724,512
MNST	Monster Beverage Corp	+53,681	251,662	$10,474,172
UNH	Unitedhealth Group Inc	+34,688	64,287	$23,598,471
INTC	Intel Corp	+33,515	110,200	$13,249,346
WM	Waste Management Inc	+31,644	50,541	$10,306,320
BRK-B	Berkshire Hathaway Inc	+31,362	69,254	$34,485,029
CB	Chubb Ltd	+18,221	38,213	$12,428,778
NOW	ServiceNow, Inc.	+18,057	138,797	$18,600,185
TYL	Tyler Technologies Inc	+15,964	38,298	$12,201,742
TMO	Thermo Fisher Scientific Inc.	+15,734	28,646	$19,337,482
CTAS	Cintas Corp	+15,386	65,361	$12,749,316
ADI	Analog Devices Inc	+10,406	33,246	$13,189,020
CIEN	Ciena Corp	+9,389	23,350	$8,214,997
HWM	Howmet Aerospace Inc.	+7,635	22,006	$4,977,317
WAB	Westinghouse Air Brake Technologies Corp	+7,149	31,982	$9,184,590
META	Meta Platforms, Inc.	+7,059	117,702	$85,355,136
AMD	Advanced Micro Devices Inc	+6,293	87,758	$53,686,834
AXP	American Express Co	+5,804	56,105	$17,061,530
JBHT	Hunt J B Transport Services Inc	+3,793	20,704	$4,638,731
MPWR	Monolithic Power Systems, Inc.	+2,302	10,166	$13,695,838
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NFLX	Netflix Inc	−128,091	283,190	$19,704,360
HOOD	Robinhood Markets, Inc.	−67,942	89,309	$10,047,262
ORCL	Oracle Corp	−65,432	28,471	$3,909,068
IBKR	Interactive Brokers Group, Inc.	−49,270	116,250	$9,930,075
SHOP	Shopify Inc.	−41,781	64,668	$9,590,264
ORLY	O Reilly Automotive Inc	−35,989	153,364	$13,098,819
PG	PROCTER & GAMBLE Co	−34,794	107,457	$15,611,352
GOOG	Alphabet Inc.	−31,340	517,082	$176,190,520
WMT	Walmart Inc.	−28,048	287,787	$29,906,825
AMZN	Amazon Com Inc	−23,379	489,250	$121,896,637
CME	Cme Group Inc.	−23,056	42,591	$11,157,990
AAPL	Apple Inc.	−22,705	699,020	$232,787,640
ANET	Arista Networks, Inc.	−22,323	119,362	$24,300,909
JPM	Jpmorgan Chase & Co	−22,042	162,743	$53,840,266
ECL	Ecolab Inc.	−18,136	41,797	$11,476,620
PM	Philip Morris International Inc.	−14,918	137,411	$26,220,767
APP	AppLovin Corp	−14,601	8,427	$2,447,453
DASH	DoorDash, Inc.	−14,598	65,300	$11,985,815
RACE	Ferrari N.V.	−13,672	10,983	$4,314,671
MSFT	Microsoft Corp	−13,281	342,387	$175,610,292
SPOT	Spotify Technology S.A.	−12,851	6,472	$3,154,323
WELL	Welltower Inc.	−11,973	89,312	$20,563,194
JNJ	Johnson & Johnson	−11,195	157,591	$41,720,641
DLR	Digital Realty Trust, Inc.	−10,623	82,291	$14,444,539
HLT	Hilton Worldwide Holdings Inc.	−9,702	43,554	$13,855,398
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
KO	Coca Cola Co	175,944	$15,145,259
LRCX	Lam Research Corp	34,133	$11,213,031
SNDK	Sandisk Corp	5,560	$9,673,788
TEL	TE Connectivity plc	44,778	$9,451,740
EW	Edwards Lifesciences Corp	107,045	$9,240,124
DELL	Dell Technologies Inc.	16,422	$8,834,214
MRK	Merck & Co., Inc.	60,548	$8,798,229
PANW	Palo Alto Networks Inc	21,883	$8,694,334
LHX	L3harris Technologies, Inc.	29,634	$7,016,738
Q	Qnity Electronics, Inc.	47,968	$6,031,496
CASY	Caseys General Stores Inc	9,824	$5,977,511
TT	Trane Technologies plc	12,605	$5,697,207
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
SMH	VanEck Semiconductor ETF	80,177	$52,587,292
ELV	Elevance Health, Inc.	34,721	$13,427,652
WCN	Waste Connections, Inc.	76,663	$12,778,955
ROL	Rollins Inc	294,005	$12,271,768
EMR	Emerson Electric Co	84,600	$12,110,490
FICO	Fair Isaac Corp	8,124	$9,706,392
SHW	Sherwin Williams Co	15,054	$5,183,393
RBA	Rb Global Inc.	37,153	$4,326,466
CVNA	Carvana Co.	64,775	$4,263,490
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

115 tracked positions · $3,000,944,000 total · filing declares 115 positions · $3,000,944,051 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 115 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Held	1,181,889	0	$269,919,809	+14.1%	8.99%
AAPL	Apple Inc. Technology	Reduced	699,020	-22,705	$232,787,640	+11.5%	7.76%
GOOG	Alphabet Inc. Communication Services	Reduced	517,082	-31,340	$176,190,520	−9.1%	5.87%
MSFT	Microsoft Corp Technology	Reduced	342,387	-13,281	$175,610,292	+32.4%	5.85%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	489,250	-23,379	$121,896,637	−0.2%	4.06%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Held	1,702,048	0	$104,675,952	+15.8%	3.49%
AVGO	Broadcom Inc. Technology	Held	244,929	0	$86,016,615	−7.0%	2.87%
META	Meta Platforms, Inc. Communication Services	Added	117,702	+7,059	$85,355,136	+37.0%	2.84%
MU	Micron Technology Inc Technology	Held	61,045	0	$65,019,639	−7.7%	2.17%
LLY	ELI LILLY & Co Healthcare	Reduced	46,689	-3,943	$54,022,908	−11.0%	1.80%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	162,743	-22,042	$53,840,266	−11.0%	1.79%
AMD	Advanced Micro Devices Inc Technology	Added	87,758	+6,293	$53,686,834	+13.4%	1.79%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	Held	1,335,910	0	$52,688,290	−13.0%	1.76%
JNJ	Johnson & Johnson Healthcare	Reduced	157,591	-11,195	$41,720,641	−2.7%	1.39%
TSLA	Tesla, Inc. Consumer Cyclical	Held	106,428	0	$37,761,718	−15.6%	1.26%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	69,254	+31,362	$34,485,029	+81.9%	1.15%
V	Visa Inc. Financial Services	Held	86,015	0	$30,907,769	+4.7%	1.03%
ABBV	AbbVie Inc. Healthcare	Held	115,825	0	$30,298,661	+4.0%	1.01%
BAC	Bank Of America Corp Financial Services	Held	554,996	0	$30,208,432	−4.5%	1.01%
WMT	Walmart Inc. Consumer Defensive	Reduced	287,787	-28,048	$29,906,825	−16.4%	1.00%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	30,853	-3,434	$28,086,720	−12.4%	0.94%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	137,411	-14,918	$26,220,767	−4.9%	0.87%
GE	General Electric Co Industrials	Reduced	80,085	-8,213	$25,009,744	−24.2%	0.83%
MA	Mastercard Inc Financial Services	Reduced	44,714	-9,143	$24,658,429	−10.9%	0.82%
ANET	Arista Networks, Inc. Technology	Reduced	119,362	-22,323	$24,300,909	+1.0%	0.81%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	89,611	+58,094	$23,724,512	−1.4%	0.79%
UNH	Unitedhealth Group Inc Healthcare	Added	64,287	+34,688	$23,598,471	+91.8%	0.79%
PLTR	Palantir Technologies Inc. Technology	Added	121,287	+64,984	$22,686,733	+245.4%	0.76%
KLAC	Kla Corp Technology	Held	115,110	0	$22,438,392	−35.4%	0.75%
APH	Amphenol Corp Technology	Added	245,256	+104,645	$20,675,080	−16.6%	0.69%
WELL	Welltower Inc. Real Estate	Reduced	89,312	-11,973	$20,563,194	−10.6%	0.69%
MS	Morgan Stanley Financial Services	Held	106,343	0	$20,000,991	−10.0%	0.67%
GS	Goldman Sachs Group Inc Financial Services	Held	21,969	0	$19,780,008	−11.0%	0.66%
NFLX	Netflix Inc Communication Services	Reduced	283,190	-128,091	$19,704,360	−32.9%	0.66%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	28,646	+15,734	$19,337,482	+198.7%	0.64%
ETN	Eaton Corp plc Industrials	Reduced	44,654	-5,005	$19,188,270	−9.3%	0.64%
STX	Seagate Technology Holdings plc Technology	Held	20,622	0	$19,020,495	−4.4%	0.63%
NOW	ServiceNow, Inc. Technology	Added	138,797	+18,057	$18,600,185	+55.2%	0.62%
MCK	Mckesson Corp Healthcare	Held	21,751	0	$18,571,221	+13.0%	0.62%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	45,332	-2,853	$18,433,351	−3.8%	0.61%
GEV	GE Vernova Inc. Industrials	Reduced	19,260	-1,867	$18,306,437	−26.2%	0.61%
CAT	Caterpillar Inc Industrials	Held	22,557	0	$18,288,990	−23.9%	0.61%
LIN	Linde PLC Basic Materials	Reduced	35,968	-5,957	$17,072,211	−21.5%	0.57%
AXP	American Express Co Financial Services	Added	56,105	+5,804	$17,061,530	+0.3%	0.57%
DE	Deere & Co Industrials	Held	25,164	0	$16,898,884	+5.9%	0.56%
RTX	RTX Corp Industrials	Held	90,538	0	$16,808,379	−2.2%	0.56%
PGR	Progressive Corp Financial Services	Held	79,542	0	$16,489,852	−5.1%	0.55%
HD	Home Depot, Inc. Consumer Cyclical	Held	57,750	0	$16,429,297	−19.3%	0.55%
UNP	Union Pacific Corp Industrials	Held	59,530	0	$16,199,898	+0.0%	0.54%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	107,457	-34,794	$15,611,352	−25.2%	0.52%

Showing the top 50 of 115 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.