0001144204-11-056274.txt : 20111004 0001144204-11-056274.hdr.sgml : 20111004 20111004152335 ACCESSION NUMBER: 0001144204-11-056274 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111004 DATE AS OF CHANGE: 20111004 EFFECTIVENESS DATE: 20111004 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: 111123323 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 v236495_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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 10/04/11 --------------------------- ------------- ---------------- [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: 101 Form 13F Information Table Value Total: $ 1,989,406 ----------- (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 September 30, 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 89,602 1,361,317 SH Sole 1,147,937 213,380 ACE Limited COM H0023R105 79,634 1,314,093 SH Sole 1,101,613 212,480 Flextronics International Ltd. COM Y2573F102 37,655 6,688,212 SH Sole 5,742,092 946,120 PartnerRe Ltd. COM G6852T105 1,870 35,778 SH Sole 35,778 3M Company COM 88579Y101 757 10,550 SH Sole 5,350 5,200 AGL Resources Inc. COM 001204106 677 16,625 SH Sole 16,625 AT&T Inc. COM 00206R102 41,480 1,454,403 SH Sole 1,156,768 297,635 Abbott Laboratories COM 002824100 3,027 59,200 SH Sole 27,450 31,750 Allstate Corporation COM 020002101 370 15,605 SH Sole 15,605 American Express Co. COM 025816109 224 5,000 SH Sole 5,000 Apple Inc. COM 037833100 71,799 188,290 SH Sole 164,178 24,112 BE Aerospace Inc. COM 073302101 479 14,455 SH Sole 8,665 5,790 Bank of America Corp COM 060505104 1,921 313,842 SH Sole 8,490 305,352 Baxter International COM 071813109 505 9,000 SH Sole 4,500 4,500 Bristol-Myers Squibb Co. COM 110122108 56,174 1,790,111 SH Sole 1,460,232 329,879 Capital One Financial Corp. COM 14040H105 53,300 1,344,953 SH Sole 1,057,928 287,025 CenturyLink, Inc. COM 156700106 411 12,405 SH Sole 12,405 Chesapeake Energy Corp COM 165167107 4,473 175,080 SH Sole 91,580 83,500 Chevron Corp COM 166764100 73,111 789,618 SH Sole 626,958 162,660 Chubb Corp COM 171232101 49,386 823,238 SH Sole 640,548 182,690 Citigroup, Inc. COM 172967424 56,223 2,194,930 SH Sole 1,852,751 342,179 Coca-Cola Company COM 191216100 8,668 128,301 SH Sole 24,295 104,006 ConAgra Foods, Inc. COM 205887102 3,086 127,420 SH Sole 51,020 76,400 ConocoPhillips COM 20825C104 2,474 39,075 SH Sole 33,225 5,850 Cousins Properties Inc COM 222795106 488 83,396 SH Sole 18,356 65,040 Deluxe Corporation COM 248019101 621 33,375 SH Sole 33,375 Eli Lilly & Co. COM 532457108 60,459 1,635,358 SH Sole 1,305,903 329,455 Entergy Corp COM 29364G103 1,528 23,045 SH Sole 5,245 17,800 Exelon Corp COM 30161N101 7,437 174,530 SH Sole 44,330 130,200 Exxon Mobil Corporation COM 30231G102 13,841 190,575 SH Sole 79,475 111,100 Fifth Third Bancorp COM 316773100 3,624 358,840 SH Sole 122,840 236,000 Gamestop Corp COM 36467W109 92,726 4,014,106 SH Sole 3,396,756 617,350 Gannett Co. Inc. COM 364730101 95 10,000 SH Sole 10,000 General Dynamics Corp. COM 369550108 70,658 1,242,013 SH Sole 1,065,588 176,425 Goldman Sachs Group Inc COM 38141G104 2,959 31,300 SH Sole 8,300 23,000 Google Inc COM 38259P508 82,552 160,283 SH Sole 137,875 22,408 Halliburton Company COM 406216101 1,103 36,144 SH Sole 21,355 14,789 Hancock Holding Co COM 410120109 324 12,072 SH Sole 3,511 8,561 Harsco Corporation COM 415864107 3,143 162,100 SH Sole 93,500 68,600 Hess Corporation COM 42809H107 48,070 916,321 SH Sole 777,141 139,180 IBM Corp COM 459200101 79,172 452,746 SH Sole 408,508 44,238 ITT Corporation COM 450911102 212 5,050 SH Sole 5,050 Ingram Micro Inc. COM 457153104 573 35,495 SH Sole 35,495 Intel Corporation COM 458140100 69,999 3,280,960 SH Sole 2,814,017 466,943 JPMorgan Chase & Co COM 46625H100 3,741 124,200 SH Sole 11,500 112,700 Johnson & Johnson COM 478160104 4,023 63,172 SH Sole 45,172 18,000 KBR, Inc. COM 48242W106 931 39,405 SH Sole 28,115 11,290 Life Technologies Corp COM 53217V109 49,284 1,282,428 SH Sole 1,100,148 182,280 Lincoln Educational Systems COM 533535100 676 83,507 SH Sole 30,750 52,757 Lockheed Martin Corp. COM 539830109 18,215 250,760 SH Sole 184,740 66,020 MGIC Investment Corp. COM 552848103 31 16,450 SH Sole 16,450 Mattel Inc. COM 577081102 41,208 1,591,655 SH Sole 1,271,575 320,080 Merck & Co. Inc. COM 58933Y105 87,350 2,671,247 SH Sole 2,302,682 368,565 Microsoft Corporation COM 594918104 71,750 2,882,691 SH Sole 2,615,661 267,030 Morgan Stanley COM 617446448 59,089 4,373,701 SH Sole 3,782,786 590,915 NII Holdings Inc. COM 62913F201 3,798 140,930 SH Sole 530 140,400 Nike Inc cl B COM 654106103 269 3,150 SH Sole 3,150 Northrop Grumman Corp COM 666807102 1,388 26,600 SH Sole 600 26,000 Nucor Corporation COM 670346105 3,807 120,325 SH Sole 47,225 73,100 Old Republic Int'l Corp COM 680223104 786 88,085 SH Sole 88,085 Oracle Corporation COM 68389X105 88,132 3,066,518 SH Sole 2,669,633 396,885 PPL Corp COM 69351T106 1,938 67,900 SH Sole 67,900 PetSmart Inc. COM 716768106 1,059 24,819 SH Sole 5,235 19,584 Philip Morris Intl COM 718172109 5,086 81,525 SH Sole 31,875 49,650 Polaris Industries Inc COM 731068102 839 16,800 SH Sole 16,800 PulteGroup, Inc. COM 745867101 90 22,700 SH Sole 22,700 Raytheon Company COM 755111507 3,625 88,700 SH Sole 24,400 64,300 Regions Financial Corp COM 7591EP100 68 20,510 SH Sole 1,510 19,000 SPDR DJIA ETF Trust COM 78467X109 926 8,500 SH Sole 6,050 2,450 SPDR Health Care Select Index COM 81369Y209 921 29,040 SH Sole 29,040 SPDR S&P 500 ETF Trust COM 78462F103 279 2,465 SH Sole 2,465 SUPERVALU, Inc. COM 868536103 636 95,555 SH Sole 95,555 Selective Insurance Group COM 816300107 157 12,000 SH Sole 12,000 State Street Corp COM 857477103 8,892 276,485 SH Sole 198,685 77,800 SunTrust Banks, Inc. COM 867914103 250 13,915 SH Sole 13,205 710 Synovus Financial Corp COM 87161C105 90 84,500 SH Sole 84,500 Sysco Corporation COM 871829107 558 21,530 SH Sole 21,530 V.F. Corporation COM 918204108 71,836 591,148 SH Sole 504,668 86,480 Valero Energy Corp. COM 91913Y100 1,944 109,330 SH Sole 680 108,650 Vanguard Emer Mkts ETF COM 922042858 160 4,455 SH Sole 4,455 Vanguard FTSE All-World ex-US COM 922042775 314 8,122 SH Sole 8,122 Vanguard Growth ETF COM 922908736 283 5,064 SH Sole 5,064 Vanguard Mid-Cap ETF COM 922908629 98 1,502 SH Sole 1,467 35 Vanguard Small-Cap ETF COM 922908751 96 1,558 SH Sole 1,518 40 Vanguard Value ETF COM 922908744 244 5,183 SH Sole 5,103 80 Verizon Communications, Inc. COM 92343V104 839 22,800 SH Sole 15,800 7,000 Wal-Mart Stores, Inc. COM 931142103 78,483 1,512,202 SH Sole 1,263,262 248,940 Weatherford Intl Ltd COM H27013103 1,048 85,810 SH Sole 37,200 48,610 Western Digital Corp. COM 958102105 49,591 1,928,117 SH Sole 1,574,889 353,228 Xerox Corporation COM 984121103 1,242 178,218 SH Sole 76,440 101,778 BP PLC ADS ADR 055622104 335 9,284 SH Sole 6,167 3,117 Nokia Corporation ADR 654902204 609 107,585 SH Sole 107,085 500 Norsk Hydro ASA ADR 656531605 191 41,500 SH Sole 41,500 Novartis AG ADR 66987V109 11 200 SH Sole 200 Petroleo Brasileiro SA ADR ADR 71654V101 2,890 139,500 SH Sole 29,400 110,100 Royal Dutch Shell CL A ADR 780259206 65,110 1,058,361 SH Sole 1,018,726 39,635 Sanofi ADS ADR 80105N105 40,910 1,247,255 SH Sole 1,137,415 109,840 Teva Pharmaceutical ADR 881624209 86,978 2,336,855 SH Sole 1,997,430 339,425 Vale S.A. ADR 91912E105 38,179 1,674,533 SH Sole 1,485,863 188,670 American Funds- Growth Fnd of MF 399874403 303 11,447 SH Sole 11,447 Aston/Cornerstone Large Cap Fu MF 00078H844 68 7,564 SH Sole 7,564 Vanguard Intermediate Term Bon MF 921937306 463 39,129 SH Sole 39,129 REPORT SUMMARY 101 DATA RECORDS 1,989,406 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED