Cornerstone Retirement 13F annual report
Cornerstone Retirement is an investment fund managing more than $350 billion ran by Christopher Abts. There are currently 17 companies in Mr. Abts’s portfolio. The largest investments include Spdr Sp 500 Etf Tr and Ishares Tr, together worth $325 billion.
$350 billion Assets Under Management (AUM)
As of 19th October 2023, Cornerstone Retirement’s top holding is 314,422 shares of Spdr Sp 500 Etf Tr currently worth over $134 billion and making up 38.4% of the portfolio value.
In addition, the fund holds 1,978,307 shares of Ishares Tr worth $190 billion.
The third-largest holding is Ishares Tr worth $19 billion and the next is Apple Inc worth $1.2 billion, with 7,000 shares owned.
Currently, Cornerstone Retirement's portfolio is worth at least $350 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cornerstone Retirement
The Cornerstone Retirement office and employees reside in Reno, Nevada. According to the last 13-F report filed with the SEC, Christopher Abts serves as the Chief Compliance Officer at Cornerstone Retirement.
Recent trades
In the most recent 13F filing, Cornerstone Retirement revealed that it had opened a new position in
Ishares Tr and bought 274,562 shares worth $19 billion.
The investment fund also strengthened its position in Ishares Tr by buying
139,446 additional shares.
This makes their stake in Ishares Tr total 1,978,307 shares worth $190 billion.
On the other hand, there are companies that Cornerstone Retirement is getting rid of from its portfolio.
Cornerstone Retirement closed its position in Meta Platforms Inc on 25th October 2023.
It sold the previously owned 1,530 shares for $439 million.
Christopher Abts also disclosed a decreased stake in Spdr Sp 500 Etf Tr by 0.1%.
This leaves the value of the investment at $134 billion and 314,422 shares.
One of the average hedge funds
The two most similar investment funds to Cornerstone Retirement are Marino, Stram & Associates and Advisorshares Investments. They manage $350 billion and $349 billion respectively.
Christopher Abts investment strategy
Cornerstone Retirement’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 0.3% of
the total portfolio value.
The fund focuses on investments in the United States as
58.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
59% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $586 billion.
The complete list of Cornerstone Retirement trades based on 13F SEC filings
These positions were updated on October 25th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Spdr Sp 500 Etf Tr |
14.60%
314,422
|
$134,409,212,000 | 38.43% |
| Ishares Tr |
7.58%
1,978,307
|
$190,497,289,000 | 54.47% |
| Ishares Tr |
Opened
274,562
|
$19,032,948,000 | 5.44% |
| Apple Inc |
58.72%
7,000
|
$1,198,509,000 | 0.34% |
| Guggenheim Strategic Opportu |
Opened
66,737
|
$987,045,000 | 0.28% |
| NVIDIA Corp |
5.84%
1,097
|
$477,185,000 | 0.14% |
| Meta Platforms Inc |
Closed
1,530
|
$439,080,000 | |
| Ishares Tr |
Closed
8,354
|
$419,119,000 | |
| Microsoft Corporation |
73.35%
1,305
|
$412,124,000 | 0.12% |
| Caterpillar Inc. |
No change
1,200
|
$327,600,000 | 0.09% |
| Abbvie Inc |
1.03%
2,160
|
$321,990,000 | 0.09% |
| Jpmorgan Chase Co |
5.98%
2,092
|
$303,424,000 | 0.09% |
| Walmart Inc |
1.02%
1,779
|
$284,550,000 | 0.08% |
| Tesla Inc |
Closed
1,082
|
$283,161,000 | |
| Flexshares Tr |
No change
6,103
|
$280,799,000 | 0.08% |
| Spdr Ser Tr |
No change
10,123
|
$279,192,000 | 0.08% |
| Wisdomtree Tr |
Closed
6,372
|
$274,568,000 | |
| Exxon Mobil Corp. |
0.84%
2,171
|
$255,225,000 | 0.07% |
| NextEra Energy Inc |
0.92%
4,397
|
$251,906,000 | 0.07% |
| The Southern Co. |
Closed
3,581
|
$251,583,000 | |
| Amazon.com Inc. |
Closed
1,867
|
$243,382,000 | |
| Bristol-Myers Squibb Co. |
Closed
3,758
|
$240,324,000 | |
| Phillips 66 |
Opened
1,900
|
$228,285,000 | 0.07% |
| Lockheed Martin Corp. |
No change
521
|
$213,128,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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