Cornerstone Wealth Advisors, Inc.

EDINA, MN · CIK 1862176 · 13F filing filed 2023-07-20

SEC-registered investment adviser since 2003 · corporation

Assets managed$608.7m
Staff8 · 8 in investment roles
Main clients (by assets)High net worth individuals 82%, Individuals 16%, Charities 1%
Websitecornerstonewealthadvisors.com
Form ADV · 2026-06-11SEC adviser record

$290.5m reported value +5.5% vs Q1 2023

45positions

79.7%in top 10

2 new 18 added 15 reduced 0 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	1,070,330	$61.8m21.27%	21.27%	Added +641	+641 0.1%
2	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	450,321	$33.8m11.62%	11.62%	Reduced -2.8k	-2,807 -0.6%
3	SCHWAB STRATEGIC TR INT-TRM U.S TRES SCHR	SCHR	675,769	$33.3m11.46%	11.46%	Added +67.8k	+67,755 11.1%
4	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	98,290	$27.8m9.57%	9.57%	Reduced -578	-578 -0.6%
5	VANGUARD INDEX FDS VALUE ETF VTV	VTV	174,915	$24.9m8.56%	8.56%	Added +166	+166 0.1%
6	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	280,412	$12.9m4.46%	4.46%	Added +12.0k	+12,034 4.5%
7	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	179,851	$12.1m4.15%	4.15%	Added +4.3k	+4,328 2.5%
8	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	262,353	$9.4m3.22%	3.22%	Added +58	+58 0.0%
9	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	175,212	$8.4m2.90%	2.90%	Reduced -10.0k	-10,013 -5.4%
10	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	32,044	$7.4m2.53%	2.53%	Added +1.2k	+1,230 4.0%
11	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	120,551	$6.3m2.17%	2.17%	Reduced -16.8k	-16,797 -12.2%
12	ISHARES TR RUS 1000 GRW ETF IWF	IWF	21,444	$5.9m2.03%	2.03%	Reduced -720	-720 -3.2%
13	SCHWAB STRATEGIC TR US REIT ETF SCHH	SCHH	278,900	$5.4m1.88%	1.88%	Reduced -971	-971 -0.3%
14	SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE	SCHE	203,484	$5.0m1.73%	1.73%	Reduced -4.7k	-4,684 -2.2%
15	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	30,066	$5.0m1.71%	1.71%	Added +1.4k	+1,374 4.8%
16	SCHWAB STRATEGIC TR INTL SCEQT ETF SCHC	SCHC	119,648	$4.0m1.39%	1.39%	Reduced -2.0k	-1,967 -1.6%
17	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	73,357	$3.0m1.03%	1.03%	Added +8.1k	+8,094 12.4%
18	ISHARES TR RUS 1000 VAL ETF IWD	IWD	17,478	$2.8m0.95%	0.95%	Reduced -315	-315 -1.8%
19	ISHARES TR RUS 2000 GRW ETF IWO	IWO	8,651	$2.1m0.72%	0.72%	Added +144	+144 1.7%
20	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	34,165	$2.0m0.69%	0.69%	Added +3.2k	+3,206 10.4%
21	ISHARES TR RUS 2000 VAL ETF IWN	IWN	13,405	$1.9m0.65%	0.65%	Reduced -440	-440 -3.2%
22	APPLE INC COM AAPL	AAPL	8,949	$1.7m0.60%	0.60%	Added +4.4k	+4,388 96.2%
23	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$1.6m0.53%	0.53%	Unchanged
24	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	13,453	$1.5m0.51%	0.51%	Added +1.3k	+1,340 11.1%
25	TESLA INC COM TSLA	TSLA	4,750	$1.2m0.43%	0.43%	Added +677	+677 16.6%
26	VANGUARD INDEX FDS SMALL CP ETF VB	VB	5,777	$1.1m0.40%	0.40%	Reduced -133	-133 -2.2%
27	UNITEDHEALTH GROUP INC COM UNH	UNH	2,348	$1.1m0.39%	0.39%	Unchanged
28	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,866	$977.3k0.34%	0.34%	Reduced -149	-149 -4.9%
29	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	4,131	$910.0k0.31%	0.31%	Added +490	+490 13.5%
30	ISHARES TR EAFE GRWTH ETF EFG	EFG	7,360	$702.2k0.24%	0.24%	Added +100	+100 1.4%
31	ISHARES TR EAFE SML CP ETF SCZ	SCZ	11,750	$693.0k0.24%	0.24%	Reduced -886	-886 -7.0%
32	SCHWAB STRATEGIC TR US SML CAP ETF SCHA	SCHA	11,372	$498.1k0.17%	0.17%	Reduced -327	-327 -2.8%
33	S&P GLOBAL INC COM SPGI	SPGI	955	$382.9k0.13%	0.13%	Unchanged
34	PEPSICO INC COM PEP	PEP	1,989	$368.4k0.13%	0.13%	Unchanged
35	ISHARES TR MSCI EMG MKT ETF EEM	EEM	7,656	$302.9k0.10%	0.10%	Added +205	+205 2.8%
36	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	5,346	$290.9k0.10%	0.10%	Added +7	+7 0.1%
37	ISHARES TR MSCI EAFE ETF EFA	EFA	3,882	$281.4k0.10%	0.10%	Reduced -100	-100 -2.5%
38	NVIDIA CORPORATION COM NVDA	NVDA	660	$279.2k0.10%	0.10%	New
39	ISHARES TR S&P 500 GRWT ETF IVW	IVW	3,850	$271.3k0.09%	0.09%	Unchanged
40	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	657	$267.6k0.09%	0.09%	Unchanged
41	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	4,750	$225.2k0.08%	0.08%	Unchanged
42	MCDONALDS CORP COM MCD	MCD	738	$220.2k0.08%	0.08%	Unchanged
43	WELLS FARGO CO NEW COM WFC	WFC	4,949	$211.2k0.07%	0.07%	New
44	3M CO COM MMM	MMM	2,027	$202.9k0.07%	0.07%	Unchanged
45	RINGCENTRAL INC NOTE 3/0 · principal RNG 0 03.01.25 · principal	RNG 0 03.01.25	30,000	$27.6k0.01%	0.01%	Unchanged