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Livermore
Livermore
ZHEN

Cornerstone Retirement Group, Inc.

SEC CIK
0001791803
Latest filing
Oct 26, 2023

The latest 13F from Cornerstone Retirement Group, Inc. covers Q3 2023 (filed Oct 26, 2023): 33 long positions worth $349.8M. The top 10 holdings make up 97.7% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 38.4%. Livermore has 11 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2023

Share counts compared with Q2 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
15
Est. +$20.2M
Added
6
Est. +$44.0M
Reduced
7
Est. −$63.0M
Sold out
7
Est. −$2.15M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    38.4%$134.4MHistory
  2. iShares Tr464287440
    32.9%$115.2M
  3. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    16.8%$58.6M
  4. iShares Core U.S. Aggregate Bond ETF464287226
    4.6%$16.1M
  5. iShares Tr464287150
    2.0%$7.12M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287440
    +$28.2MAdded
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +$15.8MAdded
  3. iShares Tr464287150
    +$7.12MNew
  4. iShares Core MSCI Total International Stock ETF46432F834
    +$4.68MNew
  5. iShares Tr46435G672
    +$2.35MNew

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Tr464287440
    +7.58 pp25.4% → 32.9%
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +4.51 pp0.1% → 4.6%
  3. iShares Tr464287150
    +2.04 pp0.0% → 2.0%
  4. iShares Core MSCI Total International Stock ETF46432F834
    +1.34 pp0.0% → 1.3%
  5. iShares Tr46435G672
    +0.67 pp0.0% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$37.1MReduced
  2. SPYSPDR S&P 500 ETF Trust
    −$23.0MReducedHistory
  3. AAPLApple Inc.
    −$1.71MReducedHistory
  4. MSFTMicrosoft Corp
    −$1.13MReducedHistory
  5. METAMeta Platforms, Inc.
    −$439.1KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −9.70 pp26.5% → 16.8%
  2. SPYSPDR S&P 500 ETF Trust
    −6.68 pp45.1% → 38.4%History
  3. AAPLApple Inc.
    −0.57 pp0.9% → 0.3%History
  4. MSFTMicrosoft Corp
    −0.34 pp0.5% → 0.1%History
  5. METAMeta Platforms, Inc.
    −0.12 pp0.1% → 0.0%History

Metrics

13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$349.8M
−$12.1M (−3.3%) vs. prior quarter
Positions
33
+8 vs. prior quarter
Top 10 concentration
97.7%
Top 10 as share of value
Turnover
18.1%
Q3 2023, one quarter
Average holding period
8.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $542.1M (Q4 2021)

Q1 2021: $454.0MQ2 2021: $480.2MQ3 2021: $496.7MQ4 2021: $542.1MQ1 2022: $532.5MQ2 2022: $349.4MQ3 2022: $328.4MQ4 2022: $333.7MQ1 2023: $341.0MQ2 2023: $361.8MQ3 2023: $349.8M
Q1 2021Q3 2023
13F filings of Cornerstone Retirement Group, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Oct 26, 202333$349.8MSPYiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q2 2023SEC
Q2 2023Aug 10, 202325$361.8MSPYiShares Trust iShares 0-1 Year Treasury Bond ETFiShares Trvs. Q1 2023SEC
Q1 2023May 8, 202320$341.0MSPYiShares Trust iShares 0-1 Year Treasury Bond ETFiShares Trvs. Q4 2022SEC
Q4 2022Feb 3, 202313$333.7MSPYiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q3 2022SEC
Q3 2022Oct 14, 20223$328.4MSPYiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q2 2022SEC
Q2 2022Jul 22, 20223$349.4MSPYiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q1 2022SEC
Q1 2022May 6, 20223$532.5MSPYiShares Trust iShares 0-1 Year Treasury Bond ETFiShares Trvs. Q4 2021SEC
Q4 2021Jan 20, 20222$542.1MiShares Trust iShares 0-1 Year Treasury Bond ETFSPYvs. Q3 2021SEC
Q3 2021Nov 12, 20212$496.7MiShares Trust iShares 0-1 Year Treasury Bond ETFSPYvs. Q2 2021SEC
Q2 2021Aug 4, 20212$480.2MiShares Trust iShares 0-1 Year Treasury Bond ETFSPYvs. Q1 2021SEC
Q1 2021May 12, 20212$454.0MiShares Trust iShares 0-1 Year Treasury Bond ETFSPY–SEC