CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC

BETHLEHEM, PA · CIK 2044324 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 2006 · limited liability company

Assets managed$9.6bn
Staff34 · 26 in investment roles
Main clients (by assets)Pension plans 43%, Charities 20%, State and local governments 17%
Websitecornerstone-companies.com
Form ADV · 2026-03-26SEC adviser record

Kindinstitutions
Others nearbyBethlehem, PA

$764.7m reported value +18.0% vs Q1 2026

133positions

56.1%in top 10

9 new 43 added 55 reduced 10 sold out vs Q1 2026

Holdings, Q2 2026

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	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	3,695,022	$108.7m14.22%	14.22%	Added +700.6k	+700,586 23.4%
2	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	2,534,062	$64.7m8.46%	8.46%	Added +853.1k	+853,146 50.8%
3	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	722,555	$60.5m7.91%	7.91%	Added +119.7k	+119,734 19.9%
4	ISHARES TR CORE S&P500 ETF IVV	IVV	44,286	$33.2m4.34%	4.34%	Reduced -334	-334 -0.8%
5	JANUS DETROIT STR TR HENDRSON AAA CL JAAA	JAAA	639,953	$32.3m4.23%	4.23%	Added +65.8k	+65,810 11.5%
6	HARTFORD FDS EXCHANGE TRADED TOTAL RTRN ETF HTRB	HTRB	943,797	$31.8m4.16%	4.16%	Reduced -61.2k	-61,198 -6.1%
7	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	319,169	$28.0m3.67%	3.67%	Reduced -6.2k	-6,249 -1.9%
8	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	465,415	$26.8m3.51%	3.51%	Added +99.0k	+99,008 27.0%
9	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	240,518	$24.2m3.17%	3.17%	Added +21.1k	+21,115 9.6%
10	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	195,825	$18.5m2.42%	2.42%	Added +5.5k	+5,540 2.9%
11	ISHARES TR MSCI USA QUALITY GARP	GARP	212,535	$17.5m2.29%	2.29%	Reduced -11.9k	-11,904 -5.3%
12	INDEXIQ ACTIVE ETF TR IQ MACKAY INSRED MMIN	MMIN	694,627	$16.8m2.20%	2.20%	Reduced -5.7k	-5,691 -0.8%
13	PRINCIPAL EXCHANGE TRADED FD SPECTRUM PFD PREF	PREF	842,806	$16.1m2.10%	2.10%	Added +194.3k	+194,292 30.0%
14	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	38,548	$13.3m1.73%	1.73%	Reduced -54	-54 -0.1%
15	SPDR SERIES TRUST S&P 600 SMCP GRW SLYG	SLYG	111,228	$13.3m1.73%	1.73%	Added +83.5k	+83,510 301.3%
16	VANGUARD WORLD FD INF TECH ETF VGT	VGT	106,471	$12.7m1.66%	1.66%	Added +23	+23 0.0%
17	NEW YORK LIFE INVTS ACTIVE E NYLI MACKAY MUN MMIT	MMIT	520,097	$12.7m1.66%	1.66%	Reduced -37.6k	-37,600 -6.7%
18	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	343,996	$9.5m1.25%	1.25%	Added +1.3k	+1,276 0.4%
19	SCHWAB STRATEGIC TR 1000 INDEX ETF SCHK	SCHK	258,451	$9.3m1.22%	1.22%	Added +284	+284 0.1%
20	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	11,061	$8.3m1.08%	1.08%	Reduced -386	-386 -3.4%
21	ISHARES TR RUS 1000 GRW ETF IWF	IWF	60,700	$7.5m0.99%	0.99%	Reduced -1.8k	-1,780 -2.9%
22	VANGUARD WHITEHALL FDS INTL DVD ETF VIGI	VIGI	77,161	$7.2m0.94%	0.94%	Added +378	+378 0.5%
23	SPDR SER TR S&P 600 SMCP VAL SLYV	SLYV	63,149	$6.9m0.90%	0.90%	Unchanged
24	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	127,556	$6.4m0.84%	0.84%	Reduced -478	-478 -0.4%
25	ISHARES TR SELECT DIVID ETF DVY	DVY	39,604	$6.2m0.81%	0.81%	Reduced -3.5k	-3,473 -8.1%
26	CAPITAL GRP FIXED INCM ETF T MUNICIPAL INCOME CGMU	CGMU	223,595	$6.1m0.80%	0.80%	Added +43.2k	+43,156 23.9%
27	ISHARES TR MSCI EAFE ETF EFA	EFA	58,843	$6.1m0.80%	0.80%	Unchanged
28	AMERICAN CENTY ETF TR US LARGE CAP VLU AVLV	AVLV	66,400	$6.1m0.79%	0.79%	New
29	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	27,322	$6.0m0.78%	0.78%	Added +733	+733 2.8%
30	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	8	$6.0m0.78%	0.78%	Added +2	+2 33.3%
31	PGIM ETF TR PGIM ULTRA SH BD PULS	PULS	119,983	$5.9m0.78%	0.78%	Added +1.5k	+1,511 1.3%
32	SCHWAB STRATEGIC TR US SML CAP ETF SCHA	SCHA	136,052	$4.9m0.64%	0.64%	Reduced -1.9k	-1,869 -1.4%
33	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	20,309	$4.8m0.63%	0.63%	Reduced -1.0k	-1,034 -4.8%
34	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	29,009	$4.6m0.60%	0.60%	Unchanged
35	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	90,600	$4.6m0.60%	0.60%	Added +25.7k	+25,651 39.5%
36	VANGUARD MALVERN FDS CORE-PLUS BD ETF VPLS	VPLS	56,168	$4.4m0.57%	0.57%	Added +4.6k	+4,568 8.8%
37	ISHARES TR COHEN STEER REIT ICF	ICF	59,419	$4.0m0.53%	0.53%	Reduced -4.3k	-4,301 -6.8%
38	BONDBLOXX ETF TRUST IR M TAXAWARE TAXX	TAXX	78,788	$4.0m0.52%	0.52%	Unchanged
39	ISHARES TR CORE S&P MCP ETF IJH	IJH	50,192	$3.9m0.51%	0.51%	Reduced -261	-261 -0.5%
40	CAPITAL GRP FIXED INCM ETF T CORE PLUS INCM CGCP	CGCP	171,672	$3.8m0.50%	0.50%	Added +4.1k	+4,139 2.5%
41	ISHARES TR RUSSELL 2000 ETF IWM	IWM	12,430	$3.7m0.49%	0.49%	Reduced -7	-7 -0.1%
42	ISHARES TR INTL DIV GRWTH IGRO	IGRO	41,041	$3.6m0.47%	0.47%	Unchanged
43	ISHARES TR CORE US AGGBD ET AGG	AGG	36,373	$3.6m0.47%	0.47%	Reduced -492	-492 -1.3%
44	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	9,509	$3.5m0.46%	0.46%	Reduced -1.7k	-1,741 -15.5%
45	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	27,738	$3.4m0.44%	0.44%	Reduced -673	-673 -2.4%
46	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	59,750	$3.4m0.44%	0.44%	Unchanged
47	ISHARES TR CORE S&P SCP ETF IJR	IJR	20,451	$3.0m0.40%	0.40%	Reduced -1.6k	-1,601 -7.3%
48	ISHARES TR CORE MSCI EAFE IEFA	IEFA	30,957	$3.0m0.39%	0.39%	Added +391	+391 1.3%
49	GOLDMAN SACHS ETF TR ACCES TREASURY GBIL	GBIL	29,028	$2.9m0.38%	0.38%	Added +823	+823 2.9%
50	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	78,410	$2.7m0.36%	0.36%	Added +39.5k	+39,468 101.3%
51	ISHARES TR CORE TOTAL USD IUSB	IUSB	57,342	$2.6m0.35%	0.35%	Reduced -4.3k	-4,338 -7.0%
52	APPLE INC COM AAPL	AAPL	8,772	$2.5m0.33%	0.33%	Reduced -43	-43 -0.5%
53	SCHWAB STRATEGIC TR MUN BD ETF SCMB	SCMB	95,092	$2.5m0.32%	0.32%	Reduced -46.6k	-46,633 -32.9%
54	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	40,248	$2.4m0.32%	0.32%	Added +178	+178 0.4%
55	VANGUARD INDEX FDS SMALL CP ETF VB	VB	7,880	$2.4m0.31%	0.31%	Reduced -568	-568 -6.7%
56	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	27,172	$2.3m0.30%	0.30%	Reduced -2.7k	-2,736 -9.2%
57	SSGA ACTIVE ETF TR MULT ASS RLRTN RLY	RLY	52,681	$1.8m0.24%	0.24%	Added +1.1k	+1,132 2.2%
58	ISHARES TR CORE HIGH DV ETF HDV	HDV	62,438	$1.7m0.22%	0.22%	Added +608	+608 1.0%
59	INNOVATOR ETFS TRUST US EQTY PWR BUF PNOV	PNOV	35,112	$1.6m0.20%	0.20%	Unchanged
60	CAPITAL GROUP INTL FOCUS EQT SHS CREATION UNI CGXU	CGXU	42,192	$1.5m0.19%	0.19%	Unchanged
61	ISHARES TR MSCI INTL VLU FT IVLU	IVLU	32,609	$1.4m0.18%	0.18%	Unchanged
62	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,676	$1.3m0.18%	0.18%	Added +10	+10 0.4%
63	ISHARES TR PFD AND INCM SEC PFF	PFF	43,644	$1.3m0.17%	0.17%	Reduced -1.6k	-1,580 -3.5%
64	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,529	$1.3m0.17%	0.17%	Reduced -397	-397 -8.1%
65	VANGUARD ADMIRAL FDS INC SMLLCP 600 IDX VIOO	VIOO	9,024	$1.2m0.16%	0.16%	Added +1	+1 0.0%
66	PGIM ETF TR AAA CLO ETF PAAA	PAAA	21,478	$1.1m0.14%	0.14%	Added +243	+243 1.1%
67	BNY MELLON ETF TRUST US LRG CP CORE BKLC	BKLC	7,501	$1.1m0.14%	0.14%	Unchanged
68	ISHARES TR US TREAS BD ETF GOVT	GOVT	46,711	$1.1m0.14%	0.14%	Added +425	+425 0.9%
69	SPDR GOLD TR GOLD SHS GLD	GLD	2,746	$1.0m0.13%	0.13%	Reduced -734	-734 -21.1%
70	PEOPLES FINL SVCS CORP COM PFIS	PFIS	15,153	$1.0m0.13%	0.13%	Unchanged
71	ISHARES TR RUS 1000 ETF IWB	IWB	2,346	$960.5k0.13%	0.13%	Added +6	+6 0.3%
72	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	10,197	$934.5k0.12%	0.12%	Reduced -2.7k	-2,674 -20.8%
73	SCHWAB STRATEGIC TR US BRD MKT ETF SCHB	SCHB	32,164	$931.5k0.12%	0.12%	Added +5.9k	+5,928 22.6%
74	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	10,792	$929.6k0.12%	0.12%	Reduced -230	-230 -2.1%
75	NVIDIA CORPORATION COM NVDA	NVDA	4,502	$900.8k0.12%	0.12%	Reduced -419	-419 -8.5%
76	MICROSOFT CORP COM MSFT	MSFT	2,368	$883.3k0.12%	0.12%	Reduced -105	-105 -4.2%
77	JOHNSON & JOHNSON COM JNJ	JNJ	3,398	$862.9k0.11%	0.11%	Reduced -179	-179 -5.0%
78	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	16,981	$852.9k0.11%	0.11%	Reduced -135	-135 -0.8%
79	ISHARES TR RUS 2000 VAL ETF IWN	IWN	3,848	$851.2k0.11%	0.11%	Added +5	+5 0.1%
80	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	11,640	$829.3k0.11%	0.11%	Reduced -163	-163 -1.4%
81	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	5,271	$827.3k0.11%	0.11%	Added +21	+21 0.4%
82	ISHARES INC CORE MSCI EMKT IEMG	IEMG	9,800	$811.8k0.11%	0.11%	Reduced -617	-617 -5.9%
83	LISTED FD TR HORIZON KINETICS INFL	INFL	15,031	$749.7k0.10%	0.10%	Unchanged
84	ABBVIE INC COM ABBV	ABBV	2,979	$749.6k0.10%	0.10%	Reduced -372	-372 -11.1%
85	PPL CORP COM PPL	PPL	19,874	$722.4k0.09%	0.09%	Unchanged
86	VANGUARD INDEX FDS VALUE ETF VTV	VTV	3,233	$704.5k0.09%	0.09%	Reduced -54	-54 -1.6%
87	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	8,916	$654.5k0.09%	0.09%	Reduced -540	-540 -5.7%
88	NORFOLK SOUTHN CORP COM NSC	NSC	2,048	$644.3k0.08%	0.08%	Unchanged
89	ISHARES TR CORE DIV GRWTH DGRO	DGRO	8,382	$635.3k0.08%	0.08%	Unchanged
90	YUM BRANDS INC COM YUM	YUM	3,956	$632.4k0.08%	0.08%	Reduced -405	-405 -9.3%
91	EXXON MOBIL CORP COM XOM	XOM	4,523	$618.4k0.08%	0.08%	Reduced -653	-653 -12.6%
92	ABRDN ETFS BBRG ALL COMD K1 BCI	BCI	26,531	$592.7k0.08%	0.08%	Reduced -2.2k	-2,180 -7.6%
93	ISHARES TR ESG AWR MSCI USA ESGU	ESGU	3,569	$584.1k0.08%	0.08%	Added +8	+8 0.2%
94	ISHARES TR EAFE VALUE ETF EFV	EFV	7,480	$572.6k0.07%	0.07%	Added +190	+190 2.6%
95	BNY MELLON ETF TRUST CONCENTRATED INT BKCI	BKCI	10,458	$564.5k0.07%	0.07%	Added +37	+37 0.4%
96	ISHARES TR RUS 1000 VAL ETF IWD	IWD	2,129	$516.0k0.07%	0.07%	Reduced -230	-230 -9.8%
97	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	16,123	$511.3k0.07%	0.07%	New
98	MICRON TECHNOLOGY INC COM MU	MU	420	$484.8k0.06%	0.06%	New
99	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	6,023	$476.0k0.06%	0.06%	Added +63	+63 1.1%
100	ISHARES TR GL TIMB FORE ETF WOOD	WOOD	6,915	$458.1k0.06%	0.06%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES TR QLTA	QLTA	399,425	$19.0m399.4k shares
ISHARES TR VLUE	VLUE	8,121	$1.2m8.1k shares
SPDR SER TR FLRN	FLRN	13,367	$411.4k13.4k shares
INVESCO EXCH TRADED FD TR II EQAL	EQAL	6,659	$367.0k6.7k shares
JPMORGAN CHASE & CO JPM	JPM	842	$247.7k842 shares
MERCK & CO INC MRK	MRK	2,011	$241.9k2.0k shares
META PLATFORMS INC META	META	422	$241.4k422 shares
WALMART INC WMT	WMT	1,824	$226.7k1.8k shares
ISHARES TR IEI	IEI	1,843	$218.6k1.8k shares
PEPSICO INC PEP	PEP	1,387	$215.4k1.4k shares