Cornerstone Advisors, LLC

Despite the reduction in size, the portfolio remains diversified with 111 total holdings. The firm employs a hybrid approach, combining direct equity investments in large-cap growth and value stocks with a selection of Exchange Traded Funds (ETFs) and closed-end funds. The portfolio is top-heavy, with the top 10 positions accounting for approximately 44.2% of the total value, indicating a conviction-based approach toward specific winners while maintaining a long tail of smaller positions to manage risk.

2. Key Holdings

The portfolio is currently dominated by a strong "Magnificent Seven" adjacency, though with notable exclusions.