Cornerstone Management

DULUTH, GAfiles as Cornerstone Management, Inc.

$695m in 67 US stocks at the end of 30 June 2026. The top 10 are 81.5% of the money. It changed about 3.1% of the portfolio this quarter.

Value

$695m

Stocks

Top 10 share

81.5%

Turnover

3.1%

What changed this quarter

New

Bought for the first time this quarter.

Advanced Micro DevicesAMD
<0.1% of the fund
American Centy ETF TRAVEM
<0.1% of the fund
Invesco QQQ TRQQQ
<0.1% of the fund

Added

Bought more of a stock they already held.

J P Morgan Exchange Traded FJPST
16.4% of the fund
+9%
Ishares TRAGG
6.6% of the fund
+4%
Spdr Series TrustFLRN
3.9% of the fund
+19%
Vanguard Index FDSVBK
3.0% of the fund
+79%
Dimensional ETF TrustDFSD
2.7% of the fund
+13%
Ishares TRDVY
0.7% of the fund
+4%
Spdr Series TrustSPIB
0.2% of the fund
+4%
State STR Spdr S&P 500 ETF TSPY
<0.1% of the fund
+13%

Cut

Sold some of their stake.

Vanguard Index FDSVUG
24.7% of the fund
-3%
Vanguard Index FDSVTV
15.5% of the fund
-4%
Vanguard Index FDSVTI
2.3% of the fund
-2%
Spdr Series TrustSPSB
2.0% of the fund
-11%
Ishares TRMBB
1.8% of the fund
-7%
Vanguard Index FDSVBR
1.1% of the fund
-2%
Ishares TRUSHY
0.9% of the fund
-6%
Ishares TRLQD
0.7% of the fund
-7%
American Centy ETF TRAVUV
0.4% of the fund
-11%
Invesco Exchange Traded FD TXMMO
0.2% of the fund
-6%
NvidiaNVDA
0.1% of the fund
-8%
Eli LillyLLY
<0.1% of the fund
-6%
SouthState BankSSB
<0.1% of the fund
-2%
Vanguard Index FDSVV
<0.1% of the fund
-3%
Spdr Gold TRGLD
<0.1% of the fund
-7%
AppleAAPL
<0.1% of the fund
-11%
Duke EnergyDUK
<0.1% of the fund
-6%
Vaneck ETF TrustSLX
<0.1% of the fund
-3%
MicrosoftMSFT
<0.1% of the fund
-3%
Vanguard World FDMGV
<0.1% of the fund
-10%
Ishares Silver TRSLV
<0.1% of the fund
-8%
Gloo HoldingsGLOO
<0.1% of the fund
-91%

Sold out

Sold their entire stake.

WalmartWMT
-100%

Holdings

Vanguard Index FDSVUG
Share
24.7%
Value
$172m
Shares
1,994,250
-3%
J P Morgan Exchange Traded FJPST
Share
16.4%
Value
$114m
Shares
2,248,144
+9%
Vanguard Index FDSVTV
Share
15.5%
Value
$108m
Shares
495,026
-4%
Ishares TRAGG
Share
6.6%
Value
$46m
Shares
464,929
+4%
Spdr Series TrustFLRN
Share
3.9%
Value
$27m
Shares
872,431
+19%
Ishares TREFA
Share
3.8%
Value
$27m
Shares
256,665
Held
Vanguard Index FDSVBK
Share
3.0%
Value
$21m
Shares
57,180
+79%
Dimensional ETF TrustDFSD
Share
2.7%
Value
$19m
Shares
389,336
+13%
Elevation Series TrustSOVF
Share
2.6%
Value
$18m
Shares
607,767
Held
Vanguard Index FDSVTI
Share
2.3%
Value
$16m
Shares
42,589
-2%
Spdr Series TrustSPSB
Share
2.0%
Value
$14m
Shares
471,154
-11%
Ishares TRMBB
Share
1.8%
Value
$12m
Shares
129,845
-7%
Ishares TRUSRT
Share
1.5%
Value
$10m
Shares
156,555
Held
Berkshire Hathaway INC DELBRK-A
Share
1.2%
Value
$8m
Shares
11
Held
Vanguard Index FDSVO
Share
1.2%
Value
$8m
Shares
100,752
Held
Berkshire HathawayBRK-B
Share
1.1%
Value
$8m
Shares
15,817
Held
Vanguard Index FDSVBR
Share
1.1%
Value
$7m
Shares
30,045
-2%
IsharesIEMG
Share
1.0%
Value
$7m
Shares
85,213
Held
Ishares TRUSHY
Share
0.9%
Value
$6m
Shares
165,476
-6%
Ishares TRSCZ
Share
0.9%
Value
$6m
Shares
73,520
Held
Ishares TRDVY
Share
0.7%
Value
$5m
Shares
32,916
+4%
Ishares TRLQD
Share
0.7%
Value
$5m
Shares
44,371
-7%
Vanguard Specialized FundsVIG
Share
0.4%
Value
$3m
Shares
12,644
Held
American Centy ETF TRAVUV
Share
0.4%
Value
$2m
Shares
19,883
-11%
Lam ResearchLRCX
Share
0.3%
Value
$2m
Shares
4,035
Held
Invesco Exchange Traded FD TXMMO
Share
0.2%
Value
$2m
Shares
10,172
-6%
First TR Exchange-Traded FDFIW
Share
0.2%
Value
$2m
Shares
15,223
Held
Pacer FDS TRSRVR
Share
0.2%
Value
$1m
Shares
42,082
Held
Ishares TRREZ
Share
0.2%
Value
$1m
Shares
13,686
Held
Spdr Series TrustSPIB
Share
0.2%
Value
$1m
Shares
33,608
+4%
Pacer FDS TRINDS
Share
0.2%
Value
$1m
Shares
27,705
Held
AflacAFL
Share
0.1%
Value
$1m
Shares
8,624
Held
Coca-ColaKO
Share
0.1%
Value
$982,157
Shares
12,085
Held
Globe LifeGL
Share
0.1%
Value
$932,710
Shares
5,220
Held
Global PaymentsGPN
Share
0.1%
Value
$745,845
Shares
10,279
Held
Western Midstream Partners LWES
Share
0.1%
Value
$732,324
Shares
16,735
Held
Global X FDSCATH
Share
0.1%
Value
$730,302
Shares
8,252
Held
NvidiaNVDA
Share
0.1%
Value
$695,914
Shares
3,478
-8%
Ishares TRITA
Share
<0.1%
Value
$682,898
Shares
2,817
Held
Fidelity Covington TrustFNCL
Share
<0.1%
Value
$676,867
Shares
8,841
Held
Bank of AmericaBAC
Share
<0.1%
Value
$581,196
Shares
10,200
Held
Eli LillyLLY
Share
<0.1%
Value
$553,026
Shares
461
-6%
SouthState BankSSB
Share
<0.1%
Value
$458,342
Shares
4,588
-2%
Vanguard Index FDSVV
Share
<0.1%
Value
$407,190
Shares
1,184
-3%
State STR Spdr S&P 500 ETF TSPY
Share
<0.1%
Value
$385,334
Shares
516
+13%
Southern CompanySO
Share
<0.1%
Value
$363,972
Shares
3,803
Held
CSXCSX
Share
<0.1%
Value
$345,163
Shares
7,262
Held
Ishares TRIWF
Share
<0.1%
Value
$344,821
Shares
2,777
Held
Spdr Gold TRGLD
Share
<0.1%
Value
$341,120
Shares
926
-7%
PNC Financial Services GroupPNC
Share
<0.1%
Value
$332,397
Shares
1,350
Held
Ishares TRIWD
Share
<0.1%
Value
$326,796
Shares
1,348
Held
Vanguard Scottsdale FDSVTWG
Share
<0.1%
Value
$325,079
Shares
1,130
Held
Vanguard BD Index FDSBND
Share
<0.1%
Value
$324,326
Shares
4,418
Held
TeslaTSLA
Share
<0.1%
Value
$316,712
Shares
753
Held
Advanced Micro DevicesAMD
Share
<0.1%
Value
$303,816
Shares
523
New
Ishares TRIDU
Share
<0.1%
Value
$293,287
Shares
2,559
Held
AppleAAPL
Share
<0.1%
Value
$286,467
Shares
990
-11%
Duke EnergyDUK
Share
<0.1%
Value
$277,998
Shares
2,196
-6%
Vaneck ETF TrustSLX
Share
<0.1%
Value
$261,968
Shares
2,662
-3%
MicrosoftMSFT
Share
<0.1%
Value
$260,741
Shares
699
-3%
Truist FinancialTFC
Share
<0.1%
Value
$236,645
Shares
4,750
Held
Vanguard World FDMGV
Share
<0.1%
Value
$233,080
Shares
1,426
-10%
Ishares Silver TRSLV
Share
<0.1%
Value
$229,226
Shares
4,287
-8%
American Centy ETF TRAVEM
Share
<0.1%
Value
$228,199
Shares
2,365
New
Global X FDSDIV
Share
<0.1%
Value
$223,076
Shares
11,710
Held
Invesco QQQ TRQQQ
Share
<0.1%
Value
$217,238
Shares
295
New
Gloo HoldingsGLOO
Share
<0.1%
Value
$52,521
Shares
11,543
-91%

Company	Share of fund	Value	Shares	Change
Vanguard Index FDSVUG	24.7%	$172m	1,994,250	-3%
J P Morgan Exchange Traded FJPST	16.4%	$114m	2,248,144	+9%
Vanguard Index FDSVTV	15.5%	$108m	495,026	-4%
Ishares TRAGG	6.6%	$46m	464,929	+4%
Spdr Series TrustFLRN	3.9%	$27m	872,431	+19%
Ishares TREFA	3.8%	$27m	256,665	Held
Vanguard Index FDSVBK	3.0%	$21m	57,180	+79%
Dimensional ETF TrustDFSD	2.7%	$19m	389,336	+13%
Elevation Series TrustSOVF	2.6%	$18m	607,767	Held
Vanguard Index FDSVTI	2.3%	$16m	42,589	-2%
Spdr Series TrustSPSB	2.0%	$14m	471,154	-11%
Ishares TRMBB	1.8%	$12m	129,845	-7%
Ishares TRUSRT	1.5%	$10m	156,555	Held
Berkshire Hathaway INC DELBRK-A	1.2%	$8m	11	Held
Vanguard Index FDSVO	1.2%	$8m	100,752	Held
Berkshire HathawayBRK-B	1.1%	$8m	15,817	Held
Vanguard Index FDSVBR	1.1%	$7m	30,045	-2%
IsharesIEMG	1.0%	$7m	85,213	Held
Ishares TRUSHY	0.9%	$6m	165,476	-6%
Ishares TRSCZ	0.9%	$6m	73,520	Held
Ishares TRDVY	0.7%	$5m	32,916	+4%
Ishares TRLQD	0.7%	$5m	44,371	-7%
Vanguard Specialized FundsVIG	0.4%	$3m	12,644	Held
American Centy ETF TRAVUV	0.4%	$2m	19,883	-11%
Lam ResearchLRCX	0.3%	$2m	4,035	Held
Invesco Exchange Traded FD TXMMO	0.2%	$2m	10,172	-6%
First TR Exchange-Traded FDFIW	0.2%	$2m	15,223	Held
Pacer FDS TRSRVR	0.2%	$1m	42,082	Held
Ishares TRREZ	0.2%	$1m	13,686	Held
Spdr Series TrustSPIB	0.2%	$1m	33,608	+4%
Pacer FDS TRINDS	0.2%	$1m	27,705	Held
AflacAFL	0.1%	$1m	8,624	Held
Coca-ColaKO	0.1%	$982,157	12,085	Held
Globe LifeGL	0.1%	$932,710	5,220	Held
Global PaymentsGPN	0.1%	$745,845	10,279	Held
Western Midstream Partners LWES	0.1%	$732,324	16,735	Held
Global X FDSCATH	0.1%	$730,302	8,252	Held
NvidiaNVDA	0.1%	$695,914	3,478	-8%
Ishares TRITA	<0.1%	$682,898	2,817	Held
Fidelity Covington TrustFNCL	<0.1%	$676,867	8,841	Held
Bank of AmericaBAC	<0.1%	$581,196	10,200	Held
Eli LillyLLY	<0.1%	$553,026	461	-6%
SouthState BankSSB	<0.1%	$458,342	4,588	-2%
Vanguard Index FDSVV	<0.1%	$407,190	1,184	-3%
State STR Spdr S&P 500 ETF TSPY	<0.1%	$385,334	516	+13%
Southern CompanySO	<0.1%	$363,972	3,803	Held
CSXCSX	<0.1%	$345,163	7,262	Held
Ishares TRIWF	<0.1%	$344,821	2,777	Held
Spdr Gold TRGLD	<0.1%	$341,120	926	-7%
PNC Financial Services GroupPNC	<0.1%	$332,397	1,350	Held
Ishares TRIWD	<0.1%	$326,796	1,348	Held
Vanguard Scottsdale FDSVTWG	<0.1%	$325,079	1,130	Held
Vanguard BD Index FDSBND	<0.1%	$324,326	4,418	Held
TeslaTSLA	<0.1%	$316,712	753	Held
Advanced Micro DevicesAMD	<0.1%	$303,816	523	New
Ishares TRIDU	<0.1%	$293,287	2,559	Held
AppleAAPL	<0.1%	$286,467	990	-11%
Duke EnergyDUK	<0.1%	$277,998	2,196	-6%
Vaneck ETF TrustSLX	<0.1%	$261,968	2,662	-3%
MicrosoftMSFT	<0.1%	$260,741	699	-3%
Truist FinancialTFC	<0.1%	$236,645	4,750	Held
Vanguard World FDMGV	<0.1%	$233,080	1,426	-10%
Ishares Silver TRSLV	<0.1%	$229,226	4,287	-8%
American Centy ETF TRAVEM	<0.1%	$228,199	2,365	New
Global X FDSDIV	<0.1%	$223,076	11,710	Held
Invesco QQQ TRQQQ	<0.1%	$217,238	295	New
Gloo HoldingsGLOO	<0.1%	$52,521	11,543	-91%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 20.8% since 30 June 2025.

Where the money is

Financial services1.8%

Technology0.5%

Everyday goods0.1%

Utilities0.1%

Health care0.1%

Industrials0.0%

Retail & consumer0.0%

Other97.4%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.