Analyzing Cornerstone Advisors' 13F Holdings: Q1 2019 vs. Q4 2021

Cornerstone Advisors Inc. is a well-known independent financial advisor firm founded in 1984. They provide various services such as investment management, financial planning, retirement planning, and more. In this article, we will be analyzing the holdings of the firm from the first quarter of 2019 to the fourth quarter of 2021. This data is based on the 13F Holdings report filed by the firm.

The report gives an insight into the stock positions of the firm, the number of shares held, and the change percentage in the value of the positions as compared to the earlier quarter. The data revealed that there were significant changes in the composition of the firm's portfolio over the years.

The data shows that Cornerstone Advisors had a total of 57 stock positions in Q1 of 2019, which rose to 65 by Q4 of 2021. The following are the top 10 holdings of the firm from Q1 2019 to Q4 2021.

Microsoft Corporation (MSFT): The firm held 478,400 shares of MSFT, valued at $56,422,000 in Q1 2019. In Q4 2021, the firm's position in MSFT was completely liquidated, witnessing a drop of 100%.

Alphabet, Inc. - Class C (GOOG): Cornerstone Advisors owned 40,407 shares of GOOG, valued at $47,410,000 in Q1 2019. However, the holdings in GOOG were completely sold by Q4 2021, with a drop percentage of 100%.

Amazon.com Inc (AMZN): In Q1 2019, the firm had 21,000 shares of AMZN, valued at $37,396,000. The firm's position in AMZN was liquidated by Q4 2021, with a drop percentage of 100%.

JPMorgan Chase & Co (JPM): The firm had 282,000 shares of JPM, valued at $28,547,000 in Q1 2019. However, similar to other stocks, the position in JPM was completely liquidated by Q4 2021.

Adams Diversified Equity (ADX): The firm held 1,875,715 shares of ADX, valued at $27,085,000, in Q1 2019. The firm's position in ADX was also completely liquidated by Q4 2021, with a drop percentage of 100%.

Apple Inc. (AAPL): The firm held 137,000 shares of AAPL, valued at $26,023,000, in Q1 2019. However, the holdings in AAPL were completely sold by Q4 2021, with a drop percentage of 100%.

Walmart Inc. (WMT): The firm had 249,000 shares of WMT, valued at $24,285,000, in Q1 2019. The holdings in WMT were completely liquidated by Q4 2021.

Cisco Systems Inc (CSCO): Cornerstone Advisors owned 436,000 shares of CSCO, valued at $23,540,000, in Q1 2019. The firm's position in CSCO was completely liquidated by Q4 2021, with a drop percentage of 100%.

Intel Corporation (INTC): The firm held 426,700 shares of INTC, valued at $22,914,000, in Q1 2019. The holdings in INTC were completely liquidated by Q4 2021.

Johnson & Johnson (JNJ): The firm had 156,700 shares of JNJ, valued at $21,905,000, in Q1 2019. The holdings in JNJ were completely sold by Q4 2021, with a drop percentage of 100%.

As we can see from the data, there were significant changes in the holdings of Cornerstone Advisors over the years. The firm liquidated its positions in some of the top stocks it held in Q1 2019. This move might be due to various reasons such as a change in investment strategy, market conditions, or specific company-related issues.

Cornerstone Advisors continued to invest in other stocks despite liquidating some of its top holdings.

In conclusion, from this report, we can say that Cornerstone Advisors has been an active participant in the stock market, keeping a diverse range of stocks in their portfolio. The firm's ability to adapt to changing market conditions while maintaining a successful investment strategy is an important aspect of their success as a financial advisor firm.