Top Institutional Investors

Cornerstone Wealth Advisors, Inc. — 13F Holdings & Portfolio

CIK 1862176 · latest 13F-HR filed 2026-10-16

Backtest portfolio

Cornerstone Wealth Advisors, Inc. manages $476.6M in 13F-reported U.S. long-equity assets across 53 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SCHR (21.28%), SCHG (11.64%), VUG (11.38%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 2 new positions and exited 4; 6 existing positions rose in reported value and 12 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$476.6M

Long-equity book

Holdings
53

Distinct positions

Period
2026-09-30

Filed 2026-10-16

Q/Q Activity
+2 / −4 / ↑6 / ↓12

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
SCHR21.3% · +4%SCHG11.6% · -3%VUG11.4% · -2%VTV7.8% · -1%VGSH7.4% · -44%VBCB6.4% · newVEA6.3% · +2%SCHF5.4% · +1%SCHV4.5% · -2%VBK2.2% · -1%VBR1.9% · -0%SCHE1.7% · +1%VWO1.5% · +1%SCHX1.3% · -5%IWF1.1% · -2%SCHC0.9% · +4%VSS0.8% · +0%VGIT0.8% · +25%SCHO0.8% · -17%IWD0.7% · -3%AAPL0.4% · -1%VB0.3% · 0%BRK.B0.3% · -4%IWO0.3% · -2%IWN0.3% · -2%TSLA0.3% · newEFG0.2% · +6%VTI0.2% · -1%UNH0.2% · 0%SCHA0.1% · -1%SPYX0.1% · -4%IBDT0.1% · 0%IVW0.1% · 0%VOO0.1% · 0%WFC0.1% · 0%EEM0.1% · -0%SCZ0.1% · +0%ESGV0.1% · 0%MSFT0.1% · +4%SPGI0.1% · 0%EFA0.1% · 0%LLY0.1% · 0%NVDA0.1% · +4%TQQQ0.1% · -28%JNJ0.1% · +9%GOOGL0.1% · -5%ESML0.1% · -0%JPM0.1% · 0%COST0.1% · 0%VEU0.1% · 0%VSGX0.1% · +0%XLK0.0% · 0%AMZN0.0% · -7%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 84.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated May 4, 2026.

Assets Under Management
$4.93B
Discretionary
$4.93B
Employees
103
Accounts
20,602
Address
13358 MANCHESTER ROAD
SUITE 200
DES PERES, MO 63131
Phone
(314) 394-1670
Website
Name Title / Status Ownership Type
GOODEN, THOMAS, SHAW ControlCHIEF COMPLIANCE OFFICER & MEMBER
since Jan 2018
Less than 5%Individual
KEIFER, JOSEPH, MICHAEL ControlMANAGING MEMBER
since Aug 2012
25–50%Individual
MILLONAS, DEAN, ANDREW ControlMANAGING MEMBER
since Aug 2012
10–25%Individual
AULBERT, DONALD, PAULMEMBER
since Aug 2012
Less than 5%Individual
BAO, LIYINMEMBER
since Apr 2022
Less than 5%Individual
FRIEBEL, WILLIAM, LEEMEMBER
since Apr 2022
5–10%Individual
GARRISON, LESLIE, KARENMEMBER
since Apr 2022
Less than 5%Individual
HOWARD, JOHN, JOSEPHMEMBER
since Apr 2022
Less than 5%Individual
LODES, PATRICK, JOHNMEMBER
since Apr 2014
10–25%Individual
NAVEED, KHURRAMMEMBER
since Apr 2022
Less than 5%Individual
SWENSON, CHRISTOPHER, JONMEMBER
since Feb 2016
5–10%Individual
Wehmer, John, HenryMEMBER
since Jan 2020
5–10%Individual
Ownership & leadership changes · 9 filings with changes since Jul 24, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 30, 2026 filing
  • No longer listedKAPLAN, DAVID, LEE · MEMBER · Less than 5% · listed since Aug 2012
  • No longer listedSHOEMAKER, GREGORY, ALAN · MANAGING MEMBER · 25–50% · control person · listed since Aug 2012
  • ChangedFRIEBEL, WILLIAM, LEE · ownership Less than 5% → 5–10%
  • ChangedLODES, PATRICK, JOHN · ownership 5–10% → 10–25%
  • ChangedSWENSON, CHRISTOPHER, JON · ownership Less than 5% → 5–10%
  • ChangedWehmer, John, Henry · ownership Less than 5% → 5–10%
Jun 12, 2025 filing
  • No longer listedTORRENCE, KAREN, ANNE · MEMBER · Less than 5% · listed since Apr 2014
Mar 28, 2024 filing
  • ChangedGOODEN, THOMAS, SHAW · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER & MEMBER
Mar 30, 2022 filing
  • AddedBAO, LIYIN · MEMBER · Less than 5%
  • AddedFRIEBEL, WILLIAM, LEE · MEMBER · Less than 5%
  • AddedGARRISON, LESLIE, KAREN · MEMBER · Less than 5%
  • AddedHOWARD, JOHN, JOSEPH · MEMBER · Less than 5%
  • AddedNAVEED, KHURRAM · MEMBER · Less than 5%
Mar 27, 2020 filing
  • No longer listedSKRAINKA, ALAN, FREDERICK · MEMBER · 5–10% · listed since Aug 2012
  • AddedWehmer, John, Henry · MEMBER · Less than 5%
  • ChangedLODES, PATRICK, JOHN · ownership Less than 5% → 5–10%
Jan 22, 2018 filing
  • AddedGOODEN, THOMAS, SHAW · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedSHOEMAKER, GREGORY, ALAN · title MANAGING MEMBER & CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
Mar 31, 2016 filing
  • AddedSWENSON, CHRISTOPHER, JON · MEMBER · Less than 5%
Apr 28, 2014 filing
  • AddedLODES, PATRICK, JOHN · MEMBER · Less than 5%
  • AddedTORRENCE, KAREN, ANNE · MEMBER · Less than 5%
Aug 16, 2012 filing
  • AddedAULBERT, DONALD, PAUL · MEMBER · Less than 5%
  • AddedMILLONAS, DEAN, ANDREW · MANAGING MEMBER · 10–25% · control person
  • AddedSKRAINKA, ALAN, FREDERICK · MEMBER · 5–10%
  • ChangedKAPLAN, DAVID, LEE · title MANAGING MEMBER → MEMBER; ownership 25–50% → Less than 5%; no longer a control person
Jul 24, 2012 filing (earliest on record)
  • ListedKAPLAN, DAVID, LEE · MANAGING MEMBER · 25–50% · control person
  • ListedKEIFER, JOSEPH, MICHAEL · MANAGING MEMBER · 25–50% · control person
  • ListedSHOEMAKER, GREGORY, ALAN · MANAGING MEMBER & CHIEF COMPLIANCE OFFICER · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 6 →

Top Trims

Show all 12 →

New Positions

Show all 2 →

Exited Positions

Show all 4 →

Cornerstone Wealth Advisors, Inc. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SCHWAB STRATEGIC TR SCHR 808524854 $101.4M 21.28% 4,279,824 SH
2 SCHWAB STRATEGIC TR SCHG 808524300 $55.5M 11.64% 1,544,054 SH
3 VANGUARD INDEX FDS VUG 922908736 $54.2M 11.38% 601,849 SH
4 VANGUARD INDEX FDS VTV 922908744 $37.1M 7.78% 171,561 SH
5 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $35.2M 7.39% 611,855 SH
6 VANGUARD WELLESLEY INCOME FD VBCB 921938809 $30.5M 6.40% 407,325 SH
7 VANGUARD TAX-MANAGED FDS VEA 921943858 $29.9M 6.28% 424,087 SH
8 SCHWAB STRATEGIC TR SCHF 808524805 $25.7M 5.39% 935,344 SH
9 SCHWAB STRATEGIC TR SCHV 808524409 $21.3M 4.47% 639,394 SH
10 VANGUARD INDEX FDS VBK 922908595 $10.6M 2.23% 31,473 SH
11 VANGUARD INDEX FDS VBR 922908611 $8.8M 1.85% 38,262 SH
12 SCHWAB STRATEGIC TR SCHE 808524706 $8.1M 1.70% 222,851 SH
13 VANGUARD INTL EQUITY INDEX F VWO 922042858 $7.1M 1.49% 119,865 SH
14 SCHWAB STRATEGIC TR SCHX 808524201 $6.3M 1.32% 209,888 SH
15 ISHARES TR IWF 464287614 $5.4M 1.13% 43,141 SH
16 SCHWAB STRATEGIC TR SCHC 808524888 $4.1M 0.86% 82,166 SH
17 VANGUARD INTL EQUITY INDEX F VSS 922042718 $3.8M 0.79% 24,278 SH
18 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $3.7M 0.77% 64,767 SH
19 SCHWAB STRATEGIC TR SCHO 808524862 $3.6M 0.75% 149,810 SH
20 ISHARES TR IWD 464287598 $3.1M 0.65% 12,537 SH
21 APPLE INC AAPL 037833100 $1.8M 0.38% 5,505 SH
22 VANGUARD INDEX FDS VB 922908751 $1.6M 0.33% 5,498 SH
23 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.5M 0.32% 3,090 SH
24 ISHARES TR IWO 464287648 $1.5M 0.32% 4,281 SH
25 ISHARES TR IWN 464287630 $1.4M 0.30% 6,756 SH
26 TESLA INC TSLA 88160R101 $1.3M 0.26% 3,559 SH
27 ISHARES TR EFG 464288885 $1.1M 0.23% 9,204 SH
28 VANGUARD INDEX FDS VTI 922908769 $969.7K 0.20% 2,591 SH
29 UNITEDHEALTH GROUP INC UNH 91324P102 $862.8K 0.18% 2,350 SH
30 SCHWAB STRATEGIC TR SCHA 808524607 $613.4K 0.13% 18,798 SH
31 SPDR SERIES TRUST SPYX 78468R796 $562.3K 0.12% 9,000 SH
32 ISHARES TR IBDT 46435U515 $555.4K 0.12% 22,250 SH
33 ISHARES TR IVW 464287309 $549.7K 0.12% 3,864 SH
34 VANGUARD INDEX FDS VOO 922908363 $503.9K 0.11% 719 SH
35 WELLS FARGO & CO WFC 949746101 $468.3K 0.10% 5,850 SH
36 ISHARES TR EEM 464287234 $450.2K 0.09% 6,740 SH
37 ISHARES TR SCZ 464288273 $445.7K 0.09% 5,280 SH
38 VANGUARD WORLD FD ESGV 921910733 $393.0K 0.08% 2,900 SH
39 MICROSOFT CORP MSFT 594918104 $387.6K 0.08% 756 SH
40 S&P GLOBAL INC SPGI 78409V104 $376.7K 0.08% 955 SH
41 ISHARES TR EFA 464287465 $376.1K 0.08% 3,620 SH
42 ELI LILLY & CO LLY 532457108 $350.6K 0.07% 303 SH
43 NVIDIA CORPORATION NVDA 67066G104 $346.7K 0.07% 1,518 SH
44 PROSHARES TR TQQQ 74347X831 $331.6K 0.07% 4,250 SH
45 JOHNSON & JOHNSON JNJ 478160104 $323.1K 0.07% 1,220 SH
46 ALPHABET INC GOOGL 02079K305 $316.6K 0.07% 920 SH
47 ISHARES TR ESML 46435U663 $267.0K 0.06% 5,135 SH
48 JPMORGAN CHASE & CO JPM 46625H100 $259.5K 0.05% 784 SH
49 COSTCO WHOLESALE CORPORATION COST 22160K105 $251.4K 0.05% 276 SH
50 VANGUARD INTL EQUITY INDEX F VEU 922042775 $249.6K 0.05% 3,008 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-16 $476.6M 53 0001862176-26-000005
2026-06-30 2026-07-20 $477.2M 55 0001862176-26-000003
2026-03-31 2026-04-09 $434.3M 49 0001862176-26-000002
2025-12-31 2026-01-14 $430.0M 51 0001862176-26-000001
Filer Information
Address
3300 EDINBOROUGH WAY
SUITE 450
EDINA, MN 55435
Phone
(952) 920-3900
Filing Manager
Cornerstone Wealth Advisors, Inc.
EDINA, MN
Signatory
Jonathan Guyton
Chief Compliance Officer