Institutional Manager · CIK 0001668189

Cornerstone Advisory, LLC

HUNT VALLEY, MD · File #028-17400

Latest AUM

$1.05B

Positions

248

Top-10 Concentration

52.2%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	GOLDMAN SACHS ETF TR	NVGLF	+195,336	+$10.3M	+$650,611
REDUCE	J P MORGAN EXCHANGE TRADED F	46641Q332	-64,331	-$3.7M	+$283,674
REDUCE	JANUS DETROIT STR TR	47103U845	-71,378	-$3.6M	-$98,116
ADD	ARES CAPITAL CORP	ARCC	+132,943	+$2.7M	-$2,341
ADD	BLACKSTONE SECD LENDING FD	BX	+91,831	+$2.4M	+$5,834
NEW	BLUEROCK PVT REAL ESTATE FD	09631P102	+138,573	+$2.1M	$0
ADD	SPDR GOLD TR	GLD	+5,165	+$2.0M	+$198,156
ADD	RBB FUND TRUST	75526L886	+41,042	+$1.9M	+$165,840
ADD	J P MORGAN EXCHANGE TRADED F	46641Q159	+35,286	+$1.6M	-$71,694
ADD	VANGUARD INDEX FDS	922908736	+3,026	+$1.5M	+$318,462

Sector Allocation

Financials

8.1%$85.1M

Technology

6.9%$72.7M

Consumer Discretionary

2.0%$21.5M

Healthcare

1.9%$19.9M

Communication Services

0.9%$9.7M

0.8%$8.4M

0.5%$5.1M

0.4%$4.2M

0.4%$3.9M

0.0%$208,671

Filing History

Jan 28, 202613F HOLDINGS REPORTQ/E Dec 2025248 pos · $1.05B
Nov 7, 202513F HOLDINGS REPORTQ/E Sep 2025245 pos · $1.02B
Jul 30, 202513F HOLDINGS REPORTQ/E Jun 2025241 pos · $931.2M
May 7, 202513F HOLDINGS REPORTQ/E Mar 2025229 pos · $856.8M
Feb 18, 202513F HOLDINGS REPORTQ/E Dec 2024233 pos · $880.3M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024284 pos · $759.9M
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 2024277 pos · $711.0M
May 8, 202413F HOLDINGS REPORTQ/E Mar 2024225 pos · $701.4M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023212 pos · $571.6M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	J P MORGAN EXCHANGE TRADED F	46641Q332	1,961,971	$112.3M	12.79%
2	GOLDMAN SACHS ETF TR	NVGLF	1,336,721	$70.6M	8.04%
3	VANGUARD WHITEHALL FDS	921946406	345,556	$49.6M	5.65%
4	ISHARES TR	464287200	69,978	$47.9M	5.46%
5	VANGUARD SPECIALIZED FUNDS	921908844	154,173	$33.9M	3.86%
6	APPLE INC	AAPL	114,120	$31.0M	3.53%
7	GOLDMAN SACHS ETF TR	NVGLF	223,014	$29.5M	3.36%
8	J P MORGAN EXCHANGE TRADED F	46641Q159	632,844	$29.3M	3.34%
9	BERKSHIRE HATHAWAY INC DEL	BRK-A	53,975	$27.1M	3.09%
10	VANGUARD ADMIRAL FDS INC	921932505	60,915	$27.1M	3.08%
11	VANGUARD INDEX FDS	922908629	82,321	$23.9M	2.72%
12	J P MORGAN EXCHANGE TRADED F	46654Q203	385,776	$22.4M	2.55%
13	ALPHABET INC	GOOG	69,478	$21.7M	2.48%
14	JANUS DETROIT STR TR	47103U845	419,176	$21.2M	2.41%
15	ISHARES TR	464287804	174,080	$20.9M	2.38%
16	T ROWE PRICE ETF INC	87283Q867	546,080	$20.9M	2.38%
17	VANGUARD INDEX FDS	922908736	41,656	$20.3M	2.31%
18	VANGUARD WORLD FD	92204A702	25,947	$19.6M	2.23%
19	AMAZON COM INC	AMZN	73,193	$16.9M	1.92%
20	MICROSOFT CORP	MSFT	32,102	$15.5M	1.77%