Cornerstone Capital 13F annual report
Cornerstone Capital is an investment fund managing more than $991 billion ran by Brad Dinsmore. There are currently 88 companies in Mr. Dinsmore’s portfolio. The largest investments include Microsoft and Alphabet Inc, together worth $116 billion.
$991 billion Assets Under Management (AUM)
As of 26th July 2024, Cornerstone Capital’s top holding is 142,062 shares of Microsoft currently worth over $63.5 billion and making up 6.4% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Cornerstone Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 290,378 shares of Alphabet Inc worth $52.9 billion, whose value grew 19.9% in the past six months.
The third-largest holding is Amazon.com worth $45.8 billion and the next is Visa Inc worth $39.6 billion, with 150,732 shares owned.
Currently, Cornerstone Capital's portfolio is worth at least $991 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 Capital
The Cornerstone Capital office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, Brad Dinsmore serves as the Partner at Cornerstone Capital.
Recent trades
In the most recent 13F filing, Cornerstone Capital revealed that it had opened a new position in
Dynatrace Inc and bought 752,639 shares worth $33.7 billion.
This means they effectively own approximately 0.1% of the company.
Dynatrace Inc makes up
12.1%
of the fund's Technology sector allocation and has decreased its share price by 11.3% in the past year.
The investment fund also strengthened its position in Microsoft by buying
272 additional shares.
This makes their stake in Microsoft total 142,062 shares worth $63.5 billion.
Microsoft soared 27.4% in the past year.
On the other hand, there are companies that Cornerstone Capital is getting rid of from its portfolio.
Cornerstone Capital closed its position in Paychex on 2nd August 2024.
It sold the previously owned 1,640 shares for $201 million.
Brad Dinsmore also disclosed a decreased stake in Alphabet Inc by approximately 0.1%.
This leaves the value of the investment at $52.9 billion and 290,378 shares.
One of the average hedge funds
The two most similar investment funds to Cornerstone Capital are Crake Asset Management LL.P. and Central Securities Corp. They manage $991 billion and $990 billion respectively.
Brad Dinsmore investment strategy
Cornerstone Capital’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 28.1% of
the total portfolio value.
The fund focuses on investments in the United States as
65.9% 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
56% 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 $223 billion.
The complete list of Cornerstone Capital trades based on 13F SEC filings
These positions were updated on August 2nd 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 |
|---|---|---|---|
| Microsoft Corporation |
0.19%
142,062
|
$63,494,611,000 | 6.41% |
| Alphabet Inc |
5.30%
290,378
|
$52,892,353,000 | 5.34% |
| Amazon.com Inc. |
3.25%
237,251
|
$45,848,756,000 | 4.63% |
| Visa Inc |
1.26%
150,732
|
$39,562,628,000 | 3.99% |
| Dynatrace Inc |
Opened
752,639
|
$33,673,069,000 | 3.40% |
| Gallagher Arthur J & Co |
0.27%
127,035
|
$32,941,446,000 | 3.32% |
| AMGEN Inc. |
1.19%
103,278
|
$32,269,211,000 | 3.26% |
| Abbvie Inc |
2.57%
181,189
|
$31,077,537,000 | 3.14% |
| Thermo Fisher Scientific Inc. |
1.59%
51,470
|
$28,462,910,000 | 2.87% |
| Abbott Labs |
0.70%
240,158
|
$24,954,818,000 | 2.52% |
| Uber Technologies Inc |
3.70%
332,400
|
$24,158,832,000 | 2.44% |
| Corning, Inc. |
4.31%
607,471
|
$23,600,248,000 | 2.38% |
| Pepsico Inc |
3.05%
142,057
|
$23,429,461,000 | 2.36% |
| Shopify Inc |
9.65%
345,725
|
$22,835,136,000 | 2.30% |
| Reliance Inc. |
0.04%
78,589
|
$22,445,018,000 | 2.26% |
| Simpson Mfg Inc |
2.45%
131,152
|
$22,103,047,000 | 2.23% |
| Shake Shack Inc |
0.50%
234,462
|
$21,101,580,000 | 2.13% |
| Workday Inc |
2.83%
94,332
|
$21,088,862,000 | 2.13% |
| Johnson & Johnson |
1.26%
140,706
|
$20,565,589,000 | 2.08% |
| Disney Walt Co |
1.09%
200,811
|
$19,938,524,000 | 2.01% |
| Kimberly-Clark Corp. |
2.69%
137,254
|
$18,968,503,000 | 1.91% |
| Fiserv, Inc. |
0.50%
123,685
|
$18,434,012,000 | 1.86% |
| Home Depot, Inc. |
3.12%
52,485
|
$18,067,436,000 | 1.82% |
| Aptargroup Inc. |
1.61%
127,960
|
$18,018,048,000 | 1.82% |
| Schwab Charles Corp |
0.49%
242,102
|
$17,840,496,000 | 1.80% |
| Cisco Sys Inc |
6.09%
371,831
|
$17,665,691,000 | 1.78% |
| Spdr S&p 500 Etf Tr |
0.48%
32,252
|
$17,552,064,000 | 1.77% |
| Ametek Inc |
82.33%
94,612
|
$15,772,767,000 | 1.59% |
| Trimble Inc |
4.48%
278,497
|
$15,573,552,000 | 1.57% |
| Select Sector Spdr Tr |
13.66%
220,989
|
$16,064,700,000 | 1.62% |
| Salesforce Inc |
8.40%
55,954
|
$14,385,773,000 | 1.45% |
| ServiceNow Inc |
No change
18,086
|
$14,227,714,000 | 1.44% |
| Robert Half Inc |
No change
222,332
|
$14,224,801,000 | 1.44% |
| Meta Platforms Inc |
1.47%
27,285
|
$13,757,643,000 | 1.39% |
| Verizon Communications Inc |
2.48%
320,483
|
$13,216,707,000 | 1.33% |
| Constellation Brands Inc |
0.60%
47,507
|
$12,222,601,000 | 1.23% |
| Starbucks Corp. |
22.45%
134,707
|
$10,486,940,000 | 1.06% |
| Apple Inc |
4.37%
47,415
|
$9,986,547,000 | 1.01% |
| Box Inc |
7.21%
336,505
|
$8,897,192,000 | 0.90% |
| Ishares Tr |
2.19%
168,723
|
$9,323,042,000 | 0.94% |
| Kinder Morgan Inc |
20.67%
416,530
|
$8,276,451,000 | 0.84% |
| Smucker J M Co |
8.96%
75,720
|
$8,256,509,000 | 0.83% |
| Charter Communications Inc N |
11.71%
26,910
|
$8,045,014,000 | 0.81% |
| Healthpeak Properties Inc. |
4.97%
408,919
|
$8,014,815,000 | 0.81% |
| Crown Castle Inc |
1.65%
80,533
|
$7,868,074,000 | 0.79% |
| Intuitive Surgical Inc |
0.86%
12,698
|
$5,648,705,000 | 0.57% |
| The Southern Co. |
8.97%
69,062
|
$5,357,139,000 | 0.54% |
| Procter And Gamble Co |
6.70%
21,905
|
$3,612,573,000 | 0.36% |
| Duke Energy Corp. |
11.93%
26,939
|
$2,700,096,000 | 0.27% |
| Crowdstrike Holdings Inc |
No change
6,990
|
$2,678,498,000 | 0.27% |
| Gilead Sciences, Inc. |
10.25%
35,534
|
$2,437,988,000 | 0.25% |
| NVIDIA Corp |
1,067.10%
18,767
|
$2,318,431,000 | 0.23% |
| Viking Therapeutics Inc |
No change
33,950
|
$1,799,690,000 | 0.18% |
| Berkshire Hathaway Inc. |
1.05%
4,331
|
$1,761,851,000 | 0.18% |
| Ishares Inc |
No change
22,790
|
$1,555,190,000 | 0.16% |
| Vanguard Intl Equity Index F |
No change
23,000
|
$1,535,710,000 | 0.15% |
| American Centy Etf Tr |
Opened
23,892
|
$1,872,777,000 | 0.19% |
| Illinois Tool Wks Inc |
No change
4,865
|
$1,152,810,000 | 0.12% |
| Vanguard Index Fds |
0.90%
3,703
|
$990,678,000 | 0.10% |
| Knight-swift Transn Hldgs In |
No change
17,090
|
$853,133,000 | 0.09% |
| Origin Bancorp Inc |
No change
24,516
|
$777,648,000 | 0.08% |
| Adobe Inc |
1.63%
1,374
|
$763,312,000 | 0.08% |
| Lockheed Martin Corp. |
5.19%
1,620
|
$756,702,000 | 0.08% |
| Merck & Co Inc |
25.58%
5,743
|
$710,983,000 | 0.07% |
| Exxon Mobil Corp. |
No change
5,652
|
$650,658,000 | 0.07% |
| Omniab Inc |
No change
172,016
|
$645,060,000 | 0.07% |
| Consolidated Edison, Inc. |
4.20%
7,180
|
$642,036,000 | 0.06% |
| Chevron Corp. |
No change
3,891
|
$608,630,000 | 0.06% |
| Coca-Cola Co |
1.44%
8,764
|
$557,829,000 | 0.06% |
| Ligand Pharmaceuticals, Inc. |
No change
6,497
|
$547,465,000 | 0.06% |
| Unitedhealth Group Inc |
45.83%
1,050
|
$534,723,000 | 0.05% |
| Analog Devices Inc. |
No change
2,331
|
$532,074,000 | 0.05% |
| Tesla Inc |
No change
2,608
|
$516,071,000 | 0.05% |
| Pfizer Inc. |
Opened
17,595
|
$492,308,000 | 0.05% |
| Wisdomtree Tr |
No change
6,462
|
$485,425,000 | 0.05% |
| Spdr Gold Tr |
18.07%
1,960
|
$421,420,000 | 0.04% |
| Emerson Elec Co |
No change
3,583
|
$394,703,000 | 0.04% |
| Targa Res Corp |
No change
3,023
|
$389,302,000 | 0.04% |
| Costco Whsl Corp New |
No change
442
|
$375,696,000 | 0.04% |
| Bristol-Myers Squibb Co. |
38.55%
8,985
|
$373,147,000 | 0.04% |
| First Solar Inc |
No change
1,620
|
$365,245,000 | 0.04% |
| Airbnb, Inc. |
5.51%
2,145
|
$325,246,000 | 0.03% |
| AeroVironment Inc. |
2.68%
1,450
|
$264,132,000 | 0.03% |
| Dover Corp. |
No change
1,340
|
$241,803,000 | 0.02% |
| NextEra Energy Inc |
Opened
3,000
|
$212,430,000 | 0.02% |
| American Elec Pwr Co Inc |
Opened
2,300
|
$201,802,000 | 0.02% |
| Paychex Inc. |
Closed
1,640
|
$201,392,000 | |
| Conocophillips |
No change
1,760
|
$201,309,000 | 0.02% |
| Sunopta, Inc. |
No change
19,420
|
$104,868,000 | 0.01% |
| ADT Inc |
Closed
13,977
|
$93,925,000 | |
| No transactions found | |||
| Showing first 500 out of 90 holdings | |||
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