# EDGAR Filing Document

**Accession Number:** 0001775446
**File Stem:** 0001398344-25-014846
**Filing Date:** 2025-8
**Character Count:** 30646
**Document Hash:** c5ee94f1864042d9fcbbdea756e1f0df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-014846.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001398344-25-014846

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cornerstone Advisors, LLC
- **CENTRAL INDEX KEY:** 0001775446

**ORGANIZATION NAME:**
- **EIN:** 833627856
- **STATE OF INCORPORATION:** NC

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19858
- **FILM NUMBER:** 251198337

**BUSINESS ADDRESS:**
- **STREET 1:** 1075 HENDERSONVILLE RD. SUITE 250
- **CITY:** ASHEVILLE
- **STATE:** NC
- **ZIP:** 28803
- **BUSINESS PHONE:** 8282108184

**MAIL ADDRESS:**
- **STREET 1:** 1075 HENDERSONVILLE RD. SUITE 250
- **CITY:** ASHEVILLE
- **STATE:** NC
- **ZIP:** 28803

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cornerstone Advisors Asset Management LLC
- **DATE OF NAME CHANGE:** 20190501

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Cornerstone Advisors LLC<br>**Address:** 1075 HENDERSONVILLE RD. SUITE 250<br>ASHEVILLE, NC 28803

**Form 13F File Number:** 028-19858

**CRD Number (if applicable):** 000300891

**SEC File Number (if applicable):** 801-114872

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Benjamin V. Mollozzi<br>**Title:** Chief Compliance Officer<br>**Phone:** 859-466-1566

**Signature, Place, and Date of Signing:**

/s/ Benjamin V. Mollozzi  Asheville, NC  08-08-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 275

**Form 13F Information Table Value Total:** $2911162329

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AFLAC INC | COM | 001055102 |  | 2583770 | 24500 | SH |  | SOLE |  | 24500 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 1600382 | 55300 | SH |  | SOLE |  | 55300 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 12077688 | 88800 | SH |  | SOLE |  | 88800 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 23833608 | 128400 | SH |  | SOLE |  | 128400 | 0 | 0 |
| ABRDN GLOBAL INFRA INCOME FU | COM SHS BEN INT | 00326W106 |  | 1324557 | 64993 | SH |  | SOLE |  | 64993 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 4333056 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 14956260 | 105400 | SH |  | SOLE |  | 105400 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1776978 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 25068 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 110017278 | 620200 | SH |  | SOLE |  | 620200 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 809094 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 117571101 | 535900 | SH |  | SOLE |  | 535900 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1068728 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 11547076 | 36200 | SH |  | SOLE |  | 36200 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 2028483 | 23700 | SH |  | SOLE |  | 23700 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 3757340 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 417330 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 9102246 | 32600 | SH |  | SOLE |  | 32600 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1698500 | 17200 | SH |  | SOLE |  | 17200 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 8949552 | 37600 | SH |  | SOLE |  | 37600 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 10501920 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 159765879 | 778700 | SH |  | SOLE |  | 778700 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 15689099 | 85700 | SH |  | SOLE |  | 85700 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 554190 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 1636960 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 7247400 | 23500 | SH |  | SOLE |  | 23500 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 2672806 | 720 | SH |  | SOLE |  | 720 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 529100 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 31335304 | 662200 | SH |  | SOLE |  | 662200 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1239096 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1205750 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 43136376 | 88800 | SH |  | SOLE |  | 88800 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 389329 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| BLACKROCK ENHANCED LARGE CAP | COM | 09256A109 |  | 3814242 | 178653 | SH |  | SOLE |  | 178653 | 0 | 0 |
| BLACKROCK SCIENCE  TECHNOLO | SHS | 09258G104 |  | 3340829 | 87525 | SH |  | SOLE |  | 87525 | 0 | 0 |
| BLACKROCK ESG CAP ALLC TERM | SHS BEN INT | 09262F100 |  | 70664 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 20355450 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 8737401 | 41700 | SH |  | SOLE |  | 41700 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 20841264 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 9359278 | 87136 | SH |  | SOLE |  | 87136 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 10507830 | 227000 | SH |  | SOLE |  | 227000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 46915630 | 170200 | SH |  | SOLE |  | 170200 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 2185872 | 15600 | SH |  | SOLE |  | 15600 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 6512426 | 19700 | SH |  | SOLE |  | 19700 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 3500374 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 6865352 | 210400 | SH |  | SOLE |  | 210400 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 2331524 | 33800 | SH |  | SOLE |  | 33800 | 0 | 0 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 |  | 26231582 | 1438135 | SH |  | SOLE |  | 1438135 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2106324 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 2115191 | 28900 | SH |  | SOLE |  | 28900 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 17857660 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 727352 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 16781868 | 117200 | SH |  | SOLE |  | 117200 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 4615530 | 82200 | SH |  | SOLE |  | 82200 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 10996730 | 158500 | SH |  | SOLE |  | 158500 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2964171 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 18130560 | 213000 | SH |  | SOLE |  | 213000 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 20680225 | 292300 | SH |  | SOLE |  | 292300 | 0 | 0 |
| COHEN  STEERS QUALITY INCOM | COM | 19247L106 |  | 4339410 | 348547 | SH |  | SOLE |  | 348547 | 0 | 0 |
| COHEN  STEERS TOTAL RETURN | COM | 19247R103 |  | 189849 | 15742 | SH |  | SOLE |  | 15742 | 0 | 0 |
| COHEN  STEERS REAL ESTATE O | SHS BENFIN INT | 19249Q103 |  | 289938 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1529938 | 16831 | SH |  | SOLE |  | 16831 | 0 | 0 |
| COLUMBIA SELIGM PREM TECH GR | COM | 19842X109 |  | 2411939 | 79314 | SH |  | SOLE |  | 79314 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 9604179 | 269100 | SH |  | SOLE |  | 269100 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 6057450 | 67500 | SH |  | SOLE |  | 67500 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 311085 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 780864 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 7057470 | 21866 | SH |  | SOLE |  | 21866 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 1140309 | 15300 | SH |  | SOLE |  | 15300 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 29401218 | 29700 | SH |  | SOLE |  | 29700 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 102730 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2063250 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| NXG CUSHING MIDSTREAM ENERGY | COM NEW | 231631300 |  | 1081111 | 25528 | SH |  | SOLE |  | 25528 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 580140 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 21650384 | 109600 | SH |  | SOLE |  | 109600 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 18864979 | 37100 | SH |  | SOLE |  | 37100 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1243771 | 39100 | SH |  | SOLE |  | 39100 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 2260811 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 17001771 | 137100 | SH |  | SOLE |  | 137100 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 1223866 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 96084 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| DUFF  PHELPS UTLITY AND INF | COM | 26433C105 |  | 72450 | 5838 | SH |  | SOLE |  | 5838 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 4106400 | 34800 | SH |  | SOLE |  | 34800 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 897075 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| EATON VANCE TAX ADVT DIV INC | COM | 27828G107 |  | 4450860 | 184683 | SH |  | SOLE |  | 184683 | 0 | 0 |
| EATON VANCE TX ADV GLBL DIV | COM | 27828S101 |  | 25026797 | 1195167 | SH |  | SOLE |  | 1195167 | 0 | 0 |
| EATON VANCE TAX-ADVANTAGED G | COM | 27828U106 |  | 5915484 | 217561 | SH |  | SOLE |  | 217561 | 0 | 0 |
| EATON VANCE TAX MNGED BUY WR | COM | 27828X100 |  | 677972 | 46951 | SH |  | SOLE |  | 46951 | 0 | 0 |
| EATON VANCE TAX-MANAGED BUY- | COM | 27828Y108 |  | 2290658 | 165152 | SH |  | SOLE |  | 165152 | 0 | 0 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 |  | 7895247 | 873368 | SH |  | SOLE |  | 873368 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 2300814 | 30900 | SH |  | SOLE |  | 30900 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 2128576 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 350880 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 570933 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| ELLSWORTH GROWTH  INCOME FD | COM | 289074106 |  | 7913 | 772 | SH |  | SOLE |  | 772 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 11279718 | 84600 | SH |  | SOLE |  | 84600 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 3022786 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 479179 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 3582150 | 82500 | SH |  | SOLE |  | 82500 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 73720 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 39543951 | 366827 | SH |  | SOLE |  | 366827 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 66649527 | 90300 | SH |  | SOLE |  | 90300 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 2636796 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| FIRST TR ENHANCED EQUITY INC | COM | 337318109 |  | 1760133 | 85944 | SH |  | SOLE |  | 85944 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 3620610 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 754075 | 69500 | SH |  | SOLE |  | 69500 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 99705 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| GDL FD | COM SH BEN IT | 361570104 |  | 1335819 | 160103 | SH |  | SOLE |  | 160103 | 0 | 0 |
| GABELLI EQUITY TR INC | COM | 362397101 |  | 12804 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| GABELLI CONV  INC SECS FD I | COM | 36240B109 |  | 68733 | 17946 | SH |  | SOLE |  | 17946 | 0 | 0 |
| GABELLI GLOBL UTIL  INCOME | COM SH BEN INT | 36242L105 |  | 36344 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| GABELLI GLOBAL SMALL  MID C | COM | 36249W104 |  | 97409 | 7313 | SH |  | SOLE |  | 7313 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 3521320 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| GAMCO GLOBAL GOLD NAT RES | COM SH BEN INT | 36465A109 |  | 3313682 | 754825 | SH |  | SOLE |  | 754825 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 6984780 | 13200 | SH |  | SOLE |  | 13200 | 0 | 0 |
| GENERAL AMERN INVS CO INC | COM | 368802104 |  | 5388470 | 96154 | SH |  | SOLE |  | 96154 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 7845654 | 26900 | SH |  | SOLE |  | 26900 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 13487236 | 52400 | SH |  | SOLE |  | 52400 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 849684 | 16400 | SH |  | SOLE |  | 16400 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 4227139 | 85900 | SH |  | SOLE |  | 85900 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 11053739 | 99700 | SH |  | SOLE |  | 99700 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 16278250 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1455780 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| HANCOCK JOHN FINL OPPTYS FD | SH BEN INT NEW | 409735206 |  | 3420084 | 96558 | SH |  | SOLE |  | 96558 | 0 | 0 |
| HANCOCK JOHN PREM DIVID FD | COM SH BEN INT | 41013T105 |  | 3052306 | 231762 | SH |  | SOLE |  | 231762 | 0 | 0 |
| HANCOCK JOHN TAX-ADVANTAGED | COM | 41013V100 |  | 240730 | 10292 | SH |  | SOLE |  | 10292 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 813155 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 803532 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 3489054 | 13100 | SH |  | SOLE |  | 13100 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 27901304 | 76100 | SH |  | SOLE |  | 76100 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 11434408 | 49100 | SH |  | SOLE |  | 49100 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 1026816 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 375438 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 12510850 | 50600 | SH |  | SOLE |  | 50600 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 759360 | 33900 | SH |  | SOLE |  | 33900 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 8476314 | 46200 | SH |  | SOLE |  | 46200 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4215354 | 14300 | SH |  | SOLE |  | 14300 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 8427641 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 10379131 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 709155 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 49922502 | 172200 | SH |  | SOLE |  | 172200 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5316006 | 34802 | SH |  | SOLE |  | 34802 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 2616606 | 205708 | SH |  | SOLE |  | 205708 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 571938 | 17300 | SH |  | SOLE |  | 17300 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1431012 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 17704210 | 602184 | SH |  | SOLE |  | 602184 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 826240 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| LMP CAP  INCOME FD INC | COM | 50208A102 |  | 614266 | 39376 | SH |  | SOLE |  | 39376 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1946800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 |  | 4008039 | 732731 | SH |  | SOLE |  | 732731 | 0 | 0 |
| LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 |  | 2569052 | 377247 | SH |  | SOLE |  | 377247 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 42484385 | 54500 | SH |  | SOLE |  | 54500 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 5835564 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 17638665 | 79500 | SH |  | SOLE |  | 79500 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 2537656 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 614607 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 9795072 | 44800 | SH |  | SOLE |  | 44800 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1256766 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 27591254 | 49100 | SH |  | SOLE |  | 49100 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 22088052 | 75600 | SH |  | SOLE |  | 75600 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 7107966 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 11486116 | 145100 | SH |  | SOLE |  | 145100 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 2677986 | 33300 | SH |  | SOLE |  | 33300 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 822304 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 165090379 | 331900 | SH |  | SOLE |  | 331900 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3019625 | 24500 | SH |  | SOLE |  | 24500 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 49662 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 5347992 | 79300 | SH |  | SOLE |  | 79300 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 6683688 | 106700 | SH |  | SOLE |  | 106700 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 13944202 | 27800 | SH |  | SOLE |  | 27800 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 13409872 | 95200 | SH |  | SOLE |  | 95200 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 34683467 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| NEUBERGER BERMAN ENERGY INFR | COM | 64129H104 |  | 1545534 | 171726 | SH |  | SOLE |  | 171726 | 0 | 0 |
| NEUBERGER BERMAN REAL ESTATE | COM | 64190A103 |  | 1455382 | 451982 | SH |  | SOLE |  | 451982 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 21186984 | 305200 | SH |  | SOLE |  | 305200 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 5072256 | 71400 | SH |  | SOLE |  | 71400 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 6399250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2299908 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 686562 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 170676597 | 1080300 | SH |  | SOLE |  | 1080300 | 0 | 0 |
| NUVEEN NASDAQ 100 DYNAMIC OV | COM SHS | 670699107 |  | 15014393 | 567223 | SH |  | SOLE |  | 567223 | 0 | 0 |
| NUVEEN S 500 BUY-WRITE INC | COM | 6706ER101 |  | 5283894 | 380684 | SH |  | SOLE |  | 380684 | 0 | 0 |
| NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 |  | 184619 | 23730 | SH |  | SOLE |  | 23730 | 0 | 0 |
| NUVEEN DOW 30 DYNMC OVERWRT | SHS | 67075F105 |  | 6773212 | 472330 | SH |  | SOLE |  | 472330 | 0 | 0 |
| NUVEEN CORE EQUITY ALPHA FD | COM | 67090X107 |  | 885577 | 57134 | SH |  | SOLE |  | 57134 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 7354608 | 81600 | SH |  | SOLE |  | 81600 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 1760219 | 41900 | SH |  | SOLE |  | 41900 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1006260 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 29099653 | 133100 | SH |  | SOLE |  | 133100 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 310862 | 22300 | SH |  | SOLE |  | 22300 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 3747042 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 3574256 | 37600 | SH |  | SOLE |  | 37600 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2933574 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1920072 | 13200 | SH |  | SOLE |  | 13200 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 6926624 | 93200 | SH |  | SOLE |  | 93200 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 11976028 | 90700 | SH |  | SOLE |  | 90700 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 11943048 | 492700 | SH |  | SOLE |  | 492700 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 12002367 | 65900 | SH |  | SOLE |  | 65900 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1049840 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 24407824 | 153200 | SH |  | SOLE |  | 153200 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 6351268 | 23800 | SH |  | SOLE |  | 23800 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 1377072 | 13100 | SH |  | SOLE |  | 13100 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 757620 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 3491698 | 11900 | SH |  | SOLE |  | 11900 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3599276 | 22600 | SH |  | SOLE |  | 22600 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 15244488 | 104400 | SH |  | SOLE |  | 104400 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 1503621 | 26100 | SH |  | SOLE |  | 26100 | 0 | 0 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 26501307 | 732485 | SH |  | SOLE |  | 732485 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 3202500 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1553643 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 2258756 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1696814 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| ROYCE GLOBAL TRUST INC | COM | 78081T104 |  | 978604 | 81347 | SH |  | SOLE |  | 81347 | 0 | 0 |
| ROYCE SMALL CAP TRUST INC | COM | 780910105 |  | 1790092 | 118943 | SH |  | SOLE |  | 118943 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 13498624 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 610584 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 17833926 | 65400 | SH |  | SOLE |  | 65400 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 719940 | 21300 | SH |  | SOLE |  | 21300 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 12116672 | 132800 | SH |  | SOLE |  | 132800 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 17333694 | 197400 | SH |  | SOLE |  | 197400 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2264472 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 6962901 | 82100 | SH |  | SOLE |  | 82100 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 47796480 | 324000 | SH |  | SOLE |  | 324000 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 76678044 | 302800 | SH |  | SOLE |  | 302800 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 28459682 | 687100 | SH |  | SOLE |  | 687100 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 2970184 | 39200 | SH |  | SOLE |  | 39200 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1439312 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 4601024 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 191496 | 2525 | SH |  | SOLE |  | 2525 | 0 | 0 |
| SOURCE CAPITAL | COM SHS OF BEN I | 836144303 |  | 734656 | 16942 | SH |  | SOLE |  | 16942 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 835653 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 4645641 | 50700 | SH |  | SOLE |  | 50700 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 13214042 | 33400 | SH |  | SOLE |  | 33400 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 3537492 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 9558126 | 77400 | SH |  | SOLE |  | 77400 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 11889174 | 49900 | SH |  | SOLE |  | 49900 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 2545170 | 25800 | SH |  | SOLE |  | 25800 | 0 | 0 |
| ABRDN WORLD HEALTHCARE FUND | BEN INT SHS | 87911L108 |  | 3206414 | 312516 | SH |  | SOLE |  | 312516 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 45615976 | 143600 | SH |  | SOLE |  | 143600 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 8014132 | 38600 | SH |  | SOLE |  | 38600 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 23395042 | 57700 | SH |  | SOLE |  | 57700 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 2983904 | 19600 | SH |  | SOLE |  | 19600 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 8059392 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2461368 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| TRI CONTL CORP | COM | 895436103 |  | 667329 | 21078 | SH |  | SOLE |  | 21078 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 885594 | 20600 | SH |  | SOLE |  | 20600 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 4398300 | 97200 | SH |  | SOLE |  | 97200 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 7715910 | 82700 | SH |  | SOLE |  | 82700 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 11504000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 4481736 | 44400 | SH |  | SOLE |  | 44400 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 20902926 | 67003 | SH |  | SOLE |  | 67003 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1021592 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 4841944 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 1534339 | 15199 | SH |  | SOLE |  | 15199 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 12267045 | 283500 | SH |  | SOLE |  | 283500 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 16294320 | 36600 | SH |  | SOLE |  | 36600 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 33197175 | 93500 | SH |  | SOLE |  | 93500 | 0 | 0 |
| VIRTUS CONVERTIBLE  INC FD | COM NEW | 92838U801 |  | 765469 | 59616 | SH |  | SOLE |  | 59616 | 0 | 0 |
| VIRTUS CONVERTIBLE  INCOME | COM NEW | 92838X805 |  | 1579991 | 111267 | SH |  | SOLE |  | 111267 | 0 | 0 |
| VIRTUS EQUITY  CONV INCM FD | COM | 92841M101 |  | 2705265 | 113191 | SH |  | SOLE |  | 113191 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 1281660 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 31573162 | 322900 | SH |  | SOLE |  | 322900 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 8992626 | 39300 | SH |  | SOLE |  | 39300 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 16769116 | 209300 | SH |  | SOLE |  | 209300 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1174547 | 18700 | SH |  | SOLE |  | 18700 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 674190 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 935700 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 9204408 | 25800 | SH |  | SOLE |  | 25800 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 13479939 | 45100 | SH |  | SOLE |  | 45100 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 14565192 | 40800 | SH |  | SOLE |  | 40800 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 1890598 | 17900 | SH |  | SOLE |  | 17900 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 11354156 | 24200 | SH |  | SOLE |  | 24200 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 8786736 | 100800 | SH |  | SOLE |  | 100800 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 4417841 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 10256088 | 35400 | SH |  | SOLE |  | 35400 | 0 | 0 |

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