0001144204-12-001544.txt : 20120110 0001144204-12-001544.hdr.sgml : 20120110 20120110124132 ACCESSION NUMBER: 0001144204-12-001544 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120110 DATE AS OF CHANGE: 20120110 EFFECTIVENESS DATE: 20120110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cornerstone Investment Partners, LLC CENTRAL INDEX KEY: 0001328062 IRS NUMBER: 582620541 STATE OF INCORPORATION: GA FISCAL YEAR END: 1204 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11408 FILM NUMBER: 12519304 BUSINESS ADDRESS: STREET 1: PHIPPS TOWER STREET 2: 3438 PEACHTREE ROAD NE, SUITE 900 CITY: ATLANTA STATE: GA ZIP: 30326 BUSINESS PHONE: 4047513900 MAIL ADDRESS: STREET 1: PHIPPS TOWER STREET 2: 3438 PEACHTREE ROAD NE, SUITE 900 CITY: ATLANTA STATE: GA ZIP: 30326 13F-HR 1 v245068_13fhr.txt HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 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 Investment Partners Address: 8097 Roswell Road, Building A Atlanta, GA 30350 Form 13F File Number: 028-11408 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: Wayne Holbrook Title: Chief Compliance Officer Phone: 770-685-7366 Signature, Place, and Date of Signing: /s/ Wayne Holbrook Atlanta, GA 01/09/12 --------------------------- ------------- ---------------- [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 reported are 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: Form 13F Information Table Entry Total: 104 Form 13F Information Table Value Total: $ 3,355,137 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE Cornerstone Investment Partners, LLC FORM 13F December 31, 2011
Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other ------------------------------ Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ACE Limited COM H0023R105 127,479 1,818,017 SH Sole 1,170,642 647,375 Flextronics International Ltd. COM Y2573F102 62,840 11,102,491 SH Sole 6,847,771 4,254,720 PartnerRe Ltd. COM G6852T105 2,349 36,588 SH Sole 36,588 3M Company COM 88579Y101 2,601 31,825 SH Sole 18,425 13,400 AGL Resources Inc. COM 001204106 709 16,775 SH Sole 16,775 AT&T Inc. COM 00206R102 70,088 2,317,726 SH Sole 1,357,466 960,260 Abbott Laboratories COM 002824100 4,009 71,290 SH Sole 39,540 31,750 Allstate Corporation COM 020002101 685 25,005 SH Sole 25,005 American Express Co. COM 025816109 236 5,000 SH Sole 5,000 Apple Inc. COM 037833100 130,386 321,941 SH Sole 214,960 106,981 BE Aerospace Inc. COM 073302101 560 14,455 SH Sole 8,665 5,790 Bank of America Corp COM 060505104 2,405 432,612 SH Sole 8,785 423,827 Baxter International COM 071813109 445 9,000 SH Sole 4,500 4,500 Bio-Rad Laboratories Cl A COM 090572207 201 2,090 SH Sole 2,090 Boston Scientific Corp COM 101137107 1,322 247,539 SH Sole 94,534 153,005 Bristol-Myers Squibb Co. COM 110122108 97,545 2,768,024 SH Sole 1,632,680 1,135,344 Capital One Financial Corp. COM 14040H105 92,518 2,187,705 SH Sole 1,265,605 922,100 CenturyLink, Inc. COM 156700106 584 15,705 SH Sole 15,705 Chesapeake Energy Corp COM 165167107 4,349 195,130 SH Sole 93,255 101,875 Chevron Corp COM 166764100 137,258 1,290,023 SH Sole 752,133 537,890 Chubb Corp COM 171232101 64,564 932,729 SH Sole 516,156 416,573 Citigroup, Inc. COM 172967424 113,493 4,313,688 SH Sole 2,775,209 1,538,479 Coca-Cola Company COM 191216100 10,578 151,176 SH Sole 24,895 126,281 ConAgra Foods, Inc. COM 205887102 4,170 157,945 SH Sole 51,020 106,925 ConocoPhillips COM 20825C104 2,906 39,880 SH Sole 34,680 5,200 Cousins Properties Inc COM 222795106 253 39,396 SH Sole 131 39,265 Deluxe Corporation COM 248019101 763 33,530 SH Sole 33,530 Eli Lilly & Co. COM 532457108 110,255 2,652,919 SH Sole 1,561,364 1,091,555 Entergy Corp COM 29364G103 2,216 30,333 SH Sole 5,358 24,975 Exelon Corp COM 30161N101 9,708 223,837 SH Sole 44,987 178,850 Exxon Mobil Corporation COM 30231G102 18,094 213,475 SH Sole 95,375 118,100 Fifth Third Bancorp COM 316773100 5,674 446,097 SH Sole 117,222 328,875 Flowers Foods Inc COM 343498101 413 21,750 SH Sole 21,750 Gamestop Corp COM 36467W109 104,153 4,316,310 SH Sole 2,772,668 1,543,642 Gannett Co. Inc. COM 364730101 134 10,000 SH Sole 10,000 General Dynamics Corp. COM 369550108 121,857 1,834,925 SH Sole 1,206,415 628,510 Genesco Inc. COM 371532102 203 3,290 SH Sole 3,290 Goldman Sachs Group Inc COM 38141G104 4,660 51,537 SH Sole 18,137 33,400 Google Inc COM 38259P508 153,278 237,309 SH Sole 157,436 79,873 Halliburton Company COM 406216101 2,886 83,614 SH Sole 42,080 41,534 Hancock Holding Co COM 410120109 807 25,247 SH Sole 16,006 9,241 Harsco Corporation COM 415864107 3,847 186,950 SH Sole 118,350 68,600 Hess Corporation COM 42809H107 77,908 1,371,620 SH Sole 888,630 482,990 IBM Corp COM 459200101 102,816 559,145 SH Sole 385,086 174,059 Ingram Micro Inc. COM 457153104 771 42,410 SH Sole 42,410 Intel Corporation COM 458140100 124,407 5,130,187 SH Sole 3,426,539 1,703,648 JPMorgan Chase & Co COM 46625H100 6,495 195,345 SH Sole 40,370 154,975 Johnson & Johnson COM 478160104 6,248 95,277 SH Sole 72,577 22,700 KBR, Inc. COM 48242W106 851 30,550 SH Sole 19,875 10,675 Lincoln Educational Systems COM 533535100 721 91,241 SH Sole 38,484 52,757 Lockheed Martin Corp. COM 539830109 71,693 886,193 SH Sole 514,206 371,987 MGIC Investment Corp. COM 552848103 55 14,750 SH Sole 14,750 Mattel Inc. COM 577081102 83,776 3,017,860 SH Sole 1,750,512 1,267,348 Merck & Co. Inc. COM 58933Y105 147,902 3,923,142 SH Sole 2,622,097 1,301,045 Microsoft Corporation COM 594918104 118,283 4,556,338 SH Sole 3,187,821 1,368,517 Morgan Stanley COM 617446448 119,540 7,900,875 SH Sole 5,188,069 2,712,806 NII Holdings Inc. COM 62913F201 5,588 262,364 SH Sole 36,589 225,775 Nike Inc cl B COM 654106103 332 3,450 SH Sole 3,450 Northrop Grumman Corp COM 666807102 2,129 36,400 SH Sole 400 36,000 Nucor Corporation COM 670346105 6,585 166,424 SH Sole 66,149 100,275 Old Republic Int'l Corp COM 680223104 894 96,415 SH Sole 96,415 Oracle Corporation COM 68389X105 127,014 4,951,822 SH Sole 3,277,161 1,674,661 PPL Corp COM 69351T106 2,795 95,003 SH Sole 228 94,775 Parker-Hannifin Corp. COM 701094104 67,835 889,645 SH Sole 616,656 272,989 PetSmart Inc. COM 716768106 1,260 24,564 SH Sole 5,235 19,329 Philip Morris Intl COM 718172109 6,944 88,475 SH Sole 31,875 56,600 Polaris Industries Inc COM 731068102 940 16,800 SH Sole 16,800 Procter & Gamble Co. COM 742718109 233 3,500 SH Sole 1,500 2,000 PulteGroup, Inc. COM 745867101 143 22,700 SH Sole 22,700 Raytheon Company COM 755111507 5,532 114,350 SH Sole 24,675 89,675 Regions Financial Corp COM 7591EP100 136 31,555 SH Sole 2,555 29,000 SPDR DJIA ETF Trust COM 78467X109 1,042 8,550 SH Sole 5,050 3,500 SPDR S&P 500 ETF Trust COM 78462F103 4,355 34,702 SH Sole 34,092 610 SUPERVALU, Inc. COM 868536103 779 95,995 SH Sole 95,995 Selective Insurance Group COM 816300107 213 12,000 SH Sole 12,000 Southern Company COM 842587107 231 5,000 SH Sole 5,000 State Street Corp COM 857477103 11,582 287,332 SH Sole 185,032 102,300 SunTrust Banks, Inc. COM 867914103 488 27,550 SH Sole 26,140 1,410 Synovus Financial Corp COM 87161C105 190 134,500 SH Sole 84,500 50,000 V.F. Corporation COM 918204108 98,287 773,977 SH Sole 511,512 262,465 Valero Energy Corp. COM 91913Y100 2,354 111,829 SH Sole 1,004 110,825 Vanguard Emer Mkts ETF COM 922042858 272 7,130 SH Sole 7,130 Vanguard FTSE All-World ex-US COM 922042775 436 11,002 SH Sole 11,002 Vanguard Growth ETF COM 922908736 376 6,089 SH Sole 6,089 Vanguard Mid-Cap ETF COM 922908629 222 3,092 SH Sole 3,057 35 Vanguard Small-Cap ETF COM 922908751 224 3,213 SH Sole 3,173 40 Vanguard Value ETF COM 922908744 334 6,358 SH Sole 6,278 80 Verizon Communications, Inc. COM 92343V104 1,181 29,430 SH Sole 22,430 7,000 Wal-Mart Stores, Inc. COM 931142103 133,734 2,237,851 SH Sole 1,445,411 792,440 Weatherford Intl Ltd COM H27013103 1,920 131,135 SH Sole 57,855 73,280 Western Digital Corp. COM 958102105 98,640 3,187,069 SH Sole 1,889,106 1,297,963 Xerox Corporation COM 984121103 1,419 178,218 SH Sole 76,440 101,778 BP PLC ADS ADR 055622104 397 9,284 SH Sole 6,167 3,117 Nokia Corporation ADR 654902204 729 151,260 SH Sole 150,760 500 Norsk Hydro ASA ADR 656531605 189 41,500 SH Sole 41,500 Novartis AG ADR 66987V109 27,690 484,350 SH Sole 200 484,150 Petroleo Brasileiro SA ADR ADR 71654V101 4,126 175,640 SH Sole 29,690 145,950 Royal Dutch Shell CL A ADR 780259206 117,326 1,605,225 SH Sole 1,149,490 455,735 Sanofi ADS ADR 80105N105 112,004 3,065,246 SH Sole 1,965,182 1,100,064 Teva Pharmaceutical ADR 881624209 108,496 2,688,210 SH Sole 2,299,260 388,950 Vale S.A. ADR 91912E105 61,286 2,857,166 SH Sole 1,954,476 902,690 American Funds- Growth Fnd of MF 399874403 327 11,447 SH Sole 11,447 Aston/Cornerstone Large Cap Fu MF 00078H844 516 52,207 SH Sole 52,207 Vanguard Intermediate Term Bon MF 921937306 461 39,129 SH Sole 39,129