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Livermore
Livermore
ZHEN

Cornerstone Advisors Asset Management, LLC

SEC CIK
0002044324
Latest filing
Aug 11, 2026

The latest 13F from Cornerstone Advisors Asset Management, LLC covers Q2 2026 (filed Aug 11, 2026): 133 long positions worth $764.7M. The top 10 holdings make up 56.1% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 14.2%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: 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
9
Est. +$8.50M
Added
42
Est. +$84.3M
Reduced
55
Est. −$11.4M
Sold out
10
Est. −$22.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    14.2%$108.7M
  2. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    8.5%$64.7M
  3. Vanguard Ftse All-World Ex-US Index Fund922042775
    7.9%$60.5M
  4. iShares Core S&P 500 ETF464287200
    4.3%$33.2M
  5. Janus Detroit STR Tr47103U845
    4.2%$32.3M

Share of portfolio

Top 5 holdings and the other 128 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap ETF14.2%
  2. State Street SPDR Portfolio Aggregate Bond ETF8.5%
  3. Vanguard Ftse All-World Ex-US Index Fund7.9%
  4. iShares Core S&P 500 ETF4.3%
  5. Janus Detroit STR Tr4.2%
  6. Other 128 positions60.8%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +$21.8MAdded
  2. Schwab U.S. Large-Cap ETF808524201
    +$20.6MAdded
  3. Vanguard Ftse All-World Ex-US Index Fund922042775
    +$10.0MAdded
  4. SPDR Series Trust78464A201
    +$9.95MAdded
  5. American Centy ETF Tr025072349
    +$6.06MNew

Largest weight increases

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

  1. Schwab U.S. Large-Cap ETF808524201
    +2.37 pp11.8% → 14.2%
  2. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +1.81 pp6.6% → 8.5%
  3. SPDR Series Trust78464A201
    +1.32 pp0.4% → 1.7%
  4. Vanguard Ftse All-World Ex-US Index Fund922042775
    +0.93 pp7.0% → 7.9%
  5. American Centy ETF Tr025072349
    +0.79 pp0.0% → 0.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46429B291
    −$19.0MSold out
  2. Hartford FDS Exchange Traded41653L305
    −$2.06MReduced
  3. Schwab Strategic Tr808524649
    −$1.20MReduced
  4. iShares Tr46432F388
    −$1.15MSold out
  5. iShares Tr46436E403
    −$982.7KReduced

Largest weight decreases

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

  1. iShares Tr46429B291
    −2.93 pp2.9% → 0.0%
  2. Hartford FDS Exchange Traded41653L305
    −1.07 pp5.2% → 4.2%
  3. New York Life Invts Active E45409F827
    −0.42 pp2.1% → 1.7%
  4. New York Life Invts Active E45409F843
    −0.36 pp2.6% → 2.2%
  5. Schwab Strategic Tr808524649
    −0.24 pp0.6% → 0.3%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$764.7M
+$116.6M (+18.0%) vs. prior quarter
Positions
133
−1 vs. prior quarter
Top 10 concentration
56.1%
Top 10 as share of value
Turnover
4.8%
Q2 2026, one quarter
Average holding period
15.1 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $764.7M (Q2 2026)

Q4 2021: $131.7MQ1 2022: $144.1MQ2 2022: $140.5MQ3 2022: $130.5MQ4 2022: $187.2MQ1 2023: $205.0MQ2 2023: $231.6MQ3 2023: $250.3MQ4 2023: $265.0MQ1 2024: $284.3MQ2 2024: $354.0MQ3 2024: $452.4MQ4 2024: $462.8MQ1 2025: $488.2MQ2 2025: $519.3MQ3 2025: $572.0MQ4 2025: $616.2MQ1 2026: $648.0MQ2 2026: $764.7M
Q4 2021Q2 2026
13F filings of Cornerstone Advisors Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026133$764.7MSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2026SEC
Q1 2026May 7, 2026134$648.0MSchwab U.S. Large-Cap ETFVanguard Ftse All-World Ex-US Index FundState Street SPDR Portfolio Aggregate Bond ETFvs. Q4 2025SEC
Q4 2025Feb 11, 2026133$616.2MSchwab U.S. Large-Cap ETFVanguard Ftse All-World Ex-US Index FundState Street SPDR Portfolio Aggregate Bond ETFvs. Q3 2025SEC
Q3 2025Nov 4, 2025128$572.0MSchwab U.S. Large-Cap ETFVanguard Ftse All-World Ex-US Index FundState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2025SEC
Q2 2025Aug 8, 2025113$519.3MSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2025SEC
Q1 2025Apr 24, 2025124$488.2MSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q4 2024SEC
Q4 2024Jan 31, 2025106$462.8MSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFHartford FDS Exchange Tradedvs. Q3 2024SEC
Q3 2024Nov 14, 2024105$452.4MSchwab U.S. Large-Cap ETFHartford FDS Exchange TradedState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2024SEC
Q2 2024Nov 18, 2024102$354.0MSchwab U.S. Large-Cap ETFiShares Core S&P 500 ETFJanus Detroit STR Trvs. Q1 2024SEC
Q1 2024Nov 18, 2024103$284.3MSchwab U.S. Large-Cap ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fundvs. Q4 2023SEC
Q4 2023Nov 19, 202498$265.0MSchwab U.S. Large-Cap ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fundvs. Q3 2023SEC
Q3 2023Nov 19, 202493$250.3MSchwab U.S. Large-Cap ETFiShares Core S&P 500 ETFNew York Life Invts Active Evs. Q2 2023SEC
Q2 2023Nov 19, 202489$231.6MSchwab U.S. Large-Cap ETFiShares Core S&P 500 ETFNew York Life Invts Active Evs. Q1 2023SEC
Q1 2023Nov 19, 202476$205.0MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFNew York Life Invts Active Evs. Q4 2022SEC
Q4 2022Nov 19, 202480$187.2MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFNew York Life Invts Active Evs. Q3 2022SEC
Q3 2022Nov 19, 202459$130.5MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFiShares Core High Dividend ETFvs. Q2 2022SEC
Q2 2022Nov 19, 202470$140.5MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFiShares Core High Dividend ETFvs. Q1 2022SEC
Q1 2022Nov 19, 202464$144.1MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFiShares Core High Dividend ETFvs. Q4 2021SEC
Q4 2021Nov 19, 202455$131.7MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFiShares Core High Dividend ETF–SEC