NPORT-EX 2 CRF_SOI.htm SOI

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)

 

 

Description  No. of Shares   Value 
EQUITY SECURITIES - 99.49%          
CLOSED-END FUNDS - 7.16%          
CONVERTIBLE SECURITY FUNDS - 0.00%#          
Gabelli Convertible & Income Securities Fund, Inc.   2,509   $9,371 
           
DIVERSIFIED EQUITY - 0.87%          
BlackRock Enhanced Large Cap Core Fund, Inc.   85,715    1,583,156 
Eaton Vance Tax-Advantaged Dividend Income Fund   42,508    989,161 
General American Investors Company, Inc.   33,713    1,698,124 
Liberty All-Star® Equity Fund   118,709    777,544 
Liberty All-Star® Growth Fund, Inc.   223,010    1,090,519 
Source Capital, Inc.   2,882    119,628 
         6,258,132 
ENERGY MLP FUNDS - 0.08%          
Kayne Anderson Energy Infrastructure Fund, Inc.   43,087    552,806 
           
GLOBAL - 1.74%          
Eaton Vance Tax-Advantaged Global Dividend Income Fund   537,711    9,797,094 
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund   81,871    2,011,570 
Gabelli Global Small and Mid Cap Value Trust (The)   9,879    118,548 
GDL Fund (The)   50,930    419,409 
Royce Global Value Trust, Inc.   18,472    193,956 
         12,540,577 
INCOME & PREFERRED STOCK - 1.05%          
Calamos Strategic Total Return Fund   408,816    6,614,643 
John Hancock Premium Dividend Fund   68,375    894,345 
LMP Capital and Income Fund Inc.   1,400    22,302 
         7,531,290 
OPTION ARBITRAGE/OPTIONS STRATEGIES - 2.12%          
Columbia Seligman Premium Technology Growth Fund, Inc.   23,976    670,848 
Eaton Vance Risk-Managed Diversified Equity Income Fund   217,752    1,842,182 
Eaton Vance Tax-Managed Buy-Write Income Fund   20,015    273,205 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued)

 

 

Description  No. of Shares   Value 
OPTION ARBITRAGE/OPTIONS STRATEGIES - 2.12% (Continued)          
Eaton Vance Tax-Managed Buy-Write Opportunities Fund   27,111   $358,136 
First Trust Enhanced Equity Income Fund   10,221    197,470 
Nuveen Core Equity Alpha Fund   3,200    46,688 
Nuveen Dow 30SM Dynamic Overwrite Fund   144,272    2,090,501 
Nuveen NASDAQ 100 Dynamic Overwrite Fund   281,067    6,675,342 
Nuveen S&P 500 Buy-Write Income Fund   236,759    3,106,278 
         15,260,650 
REAL ESTATE - 0.14%          
Cohen & Steers REIT & Preferred & Income Fund, Inc.   13,494    297,813 
Cohen & Steers Total Return Realty Fund, Inc.   15,387    186,029 
Neuberger Berman Real Estate Securities Income Fund Inc.   149,300    492,689 
         976,531 
SECTOR EQUITY - 0.47%          
abrdn World Healthcare Fund   44,711    515,518 
BlackRock Science and Technology Trust   28,142    928,405 
GAMCO Global Gold, Natural Resources & Income Trust   128,522    561,641 
John Hancock Financial Opportunities Fund   40,782    1,391,074 
         3,396,638 
UTILITY - 0.69%          
abrdn Global Infrastructure Income Fund   42,204    776,132 
Reaves Utility Income Fund   129,879    4,226,262 
         5,002,394 
           
TOTAL CLOSED-END FUNDS        51,528,389 
           
COMMON STOCKS - 85.25%          
COMMUNICATION SERVICES - 9.06%          
Alphabet Inc. - Class C   169,700    26,512,231 
AT&T Inc.   88,300    2,497,124 
Comcast Corporation - Class A   56,000    2,066,400 
Meta Platforms, Inc. - Class A   32,600    18,789,336 
Netflix, Inc. *   8,800    8,206,264 
T-Mobile US, Inc.   9,500    2,533,745 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued) 

 

 

Description  No. of Shares   Value 
COMMUNICATION SERVICES - 9.06% (Continued)          
Verizon Communications Inc.   52,500   $2,381,400 
Walt Disney Company (The)   22,500    2,220,750 
         65,207,250 
CONSUMER DISCRETIONARY - 9.89%          
Amazon.com, Inc. *   129,300    24,600,618 
AutoZone, Inc. *   120    457,534 
Booking Holdings Inc.   1,500    6,910,365 
Chipotle Mexican Grill, Inc. *   31,600    1,586,636 
D.R. Horton, Inc.   4,500    572,085 
eBay Inc.   7,800    528,294 
Ford Motor Company   69,500    697,085 
General Motors Company   21,100    992,333 
Hilton Worldwide Holdings Inc.   4,900    1,114,995 
Home Depot, Inc. (The)   22,100    8,099,429 
Lowe's Companies, Inc.   14,900    3,475,127 
Marriott International, Inc. - Class A   4,600    1,095,720 
McDonald's Corporation   10,100    3,154,937 
NIKE, Inc. - Class B   13,700    869,676 
O'Reilly Automotive, Inc. *   1,000    1,432,580 
Ross Stores, Inc.   5,100    651,729 
Starbucks Corporation   16,200    1,589,058 
Tesla, Inc. *   43,600    11,299,376 
TJX Companies, Inc. (The)   17,100    2,082,780 
         71,210,357 
CONSUMER STAPLES - 5.84%          
Altria Group, Inc.   20,200    1,212,404 
Archer-Daniels-Midland Company   10,500    504,105 
Coca-Cola Company (The)   67,700    4,848,674 
Colgate-Palmolive Company   8,500    796,450 
Constellation Brands, Inc. - Class A   2,800    513,856 
Costco Wholesale Corporation   7,900    7,471,662 
Dollar General Corporation   3,100    272,583 
General Mills, Inc.   4,900    292,971 
Hershey Company (The)   2,900    495,987 
Keurig Dr Pepper Inc.   17,300    592,006 
Kimberly-Clark Corporation   6,200    881,764 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued)

 

  

Description  No. of Shares   Value 
CONSUMER STAPLES - 5.84% (Continued)          
Kraft Heinz Company (The)   13,600   $413,848 
Mondelēz International, Inc. - Class A   25,100    1,703,035 
Monster Beverage Corporation *   13,100    766,612 
PepsiCo, Inc.   14,000    2,099,160 
Philip Morris International Inc.   23,100    3,666,663 
Procter & Gamble Company (The)   47,100    8,026,782 
Target Corporation   8,800    918,368 
Walmart Inc.   74,800    6,566,692 
         42,043,622 
ENERGY - 3.22%          
Chevron Corporation   23,900    3,998,231 
ConocoPhillips   23,300    2,446,966 
Devon Energy Corporation   10,900    407,660 
EOG Resources, Inc.   7,500    961,800 
Exxon Mobil Corporation   78,564    9,343,616 
Hess Corporation   5,800    926,434 
Kinder Morgan, Inc. - Class P   16,884    481,701 
Marathon Petroleum Corporation   3,700    539,053 
Occidental Petroleum Corporation   8,000    394,880 
Phillips 66   7,200    889,056 
Schlumberger Limited   19,200    802,560 
Valero Energy Corporation   7,500    990,525 
Williams Companies, Inc. (The)   16,600    992,016 
         23,174,498 
FINANCIALS - 13.69%          
Aflac Incorporated   8,600    956,234 
American Express Company   8,300    2,233,115 
American International Group, Inc.   11,900    1,034,586 
Aon plc - Class A   2,900    1,157,361 
Arthur J. Gallagher & Co.   3,000    1,035,720 
Bank of America Corporation   139,000    5,800,470 
Bank of New York Mellon Corporation (The)   9,600    805,152 
Berkshire Hathaway Inc. - Class B *   24,700    13,154,726 
BlackRock, Inc.   2,000    1,892,960 
Capital One Financial Corporation   5,600    1,004,080 
Charles Schwab Corporation (The)   24,700    1,933,516 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued)

 

 

Description  No. of Shares   Value 
FINANCIALS - 13.69% (Continued)          
Chubb Limited   7,400   $2,234,726 
Citigroup Inc.   38,100    2,704,719 
CME Group Inc.   5,800    1,538,682 
Fiserv, Inc. *   9,400    2,075,802 
Goldman Sachs Group, Inc. (The)   6,000    3,277,740 
Intercontinental Exchange, Inc.   9,300    1,604,250 
JPMorgan Chase & Co.   58,500    14,350,050 
Marsh & McLennan Companies, Inc.   8,000    1,952,240 
Mastercard Incorporated - Class A   14,900    8,166,988 
MetLife, Inc.   9,900    794,871 
Moody's Corporation   2,000    931,380 
Morgan Stanley   23,900    2,788,413 
MSCI Inc.   1,100    622,050 
PayPal Holdings, Inc. *   17,000    1,109,250 
PNC Financial Services Group, Inc. (The)   6,100    1,072,197 
Progressive Corporation (The)   7,300    2,065,973 
S&P Global Inc.   5,000    2,540,500 
Travelers Companies, Inc. (The)   6,200    1,639,652 
Truist Financial Corporation   20,600    847,690 
U.S. Bancorp   24,400    1,030,168 
Visa, Inc. - Class A   27,600    9,672,696 
Wells Fargo & Company   63,300    4,544,307 
         98,572,264 
HEALTH CARE - 9.58%          
Abbott Laboratories   23,800    3,157,070 
AbbVie Inc.   26,000    5,447,520 
Amgen Inc.   8,000    2,492,400 
Becton, Dickinson and Company   5,200    1,191,112 
Boston Scientific Corporation *   20,336    2,051,496 
Bristol-Myers Squibb Company   24,600    1,500,354 
Centene Corporation *   10,200    619,242 
Cigna Group (The)   4,400    1,447,600 
CVS Health Corporation   16,500    1,117,875 
Danaher Corporation   8,800    1,804,000 
DexCom, Inc. *   12,900    880,941 
Edwards Lifesciences Corporation *   7,300    529,104 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued)

 

 

Description  No. of Shares   Value 
HEALTH CARE - 9.58% (Continued)          
Elevance Health, Inc.   3,200   $1,391,872 
Eli Lilly and Company   8,600    7,102,826 
Gilead Sciences, Inc.   17,200    1,927,260 
HCA Healthcare, Inc.   3,800    1,313,090 
IDEXX Laboratories, Inc. *   700    293,965 
Intuitive Surgical, Inc. *   5,800    2,872,566 
Johnson & Johnson   36,602    6,070,076 
McKesson Corporation   2,700    1,817,073 
Medtronic plc   15,600    1,401,816 
Merck & Co., Inc.   37,400    3,357,024 
Moderna, Inc. *   1,800    51,030 
Pfizer Inc.   77,300    1,958,782 
Regeneron Pharmaceuticals, Inc.   3,600    2,283,228 
Stryker Corporation   4,000    1,489,000 
Thermo Fisher Scientific Inc.   5,500    2,736,800 
UnitedHealth Group Incorporated   15,403    8,067,321 
Vertex Pharmaceuticals Incorporated *   3,300    1,599,906 
Zoetis Inc.   6,000    987,900 
         68,960,249 
INDUSTRIALS - 7.65%          
3M Company   10,000    1,468,600 
Automatic Data Processing, Inc.   7,100    2,169,263 
Boeing Company (The) *   10,200    1,739,610 
Carrier Global Corporation   14,400    912,960 
Caterpillar Inc.   10,100    3,330,980 
Cintas Corporation   8,400    1,726,452 
CSX Corporation   35,000    1,030,050 
Cummins Inc.   2,900    908,976 
Deere & Company   10,100    4,740,435 
Eaton Corporation plc   7,600    2,065,908 
Emerson Electric Co.   9,700    1,063,508 
FedEx Corporation   3,900    950,742 
GE Vernova Inc.   5,275    1,610,352 
General Dynamics Corporation   4,900    1,335,642 
General Electric Company   20,200    4,043,030 
Honeywell International Inc.   11,800    2,498,650 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued)

 

 

Description  No. of Shares   Value 
INDUSTRIALS - 7.65% (Continued)          
Illinois Tool Works Inc.   5,300   $1,314,453 
Johnson Controls International plc   14,100    1,129,551 
Lockheed Martin Corporation   3,300    1,474,143 
Norfolk Southern Corporation   3,800    900,030 
Northrop Grumman Corporation   2,500    1,280,025 
Old Dominion Freight Line, Inc.   3,300    545,985 
PACCAR Inc.   8,200    798,434 
Parker-Hannifin Corporation   2,100    1,276,485 
Paychex, Inc.   5,900    910,252 
Republic Services, Inc.   3,600    871,776 
RTX Corporation   25,700    3,404,222 
Trane Technologies plc - Class A   3,900    1,313,988 
TransDigm Group Incorporated   900    1,244,961 
Uber Technologies, Inc. *   15,300    1,114,758 
Union Pacific Corporation   10,500    2,480,520 
United Parcel Service, Inc. - Class B   12,300    1,352,877 
Veralto Corporation   5,233    509,956 
Waste Management, Inc.   6,800    1,574,268 
         55,091,842 
INFORMATION TECHNOLOGY - 22.79%          
Accenture plc - Class A   9,200    2,870,768 
Adobe Inc. *   5,900    2,262,827 
Advanced Micro Devices, Inc. *   19,000    1,952,060 
Amphenol Corporation - Class A   17,200    1,128,148 
Analog Devices, Inc.   7,700    1,552,859 
Apple Inc.   223,200    49,579,416 
Applied Materials, Inc.   21,900    3,178,128 
Arista Networks, Inc. *   16,000    1,239,680 
Broadcom Inc.   56,800    9,510,024 
Cisco Systems, Inc.   48,000    2,962,080 
International Business Machines Corporation   14,300    3,555,838 
Intuit Inc.   3,700    2,271,763 
KLA Corporation   1,700    1,155,660 
Lam Research Corporation   20,000    1,454,000 
Micron Technology, Inc.   13,000    1,129,570 
Microsoft Corporation   90,900    34,122,951 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued)

 

 

Description  No. of Shares   Value 
INFORMATION TECHNOLOGY - 22.79% (Continued)          
NVIDIA Corporation   303,800   $32,925,843 
Oracle Corporation   28,700    4,012,547 
QUALCOMM Incorporated   6,600    1,013,826 
Salesforce, Inc.   13,200    3,542,352 
ServiceNow, Inc. *   1,400    1,114,596 
Synopsys, Inc. *   2,000    857,700 
Texas Instruments Incorporated   3,800    682,860 
         164,075,496 
MATERIALS - 0.93%          
Air Products and Chemicals, Inc.   1,900    560,348 
Albemarle Corporation   400    28,808 
Corteva, Inc.   1,600    100,688 
Ecolab Inc.   1,200    304,224 
Freeport-McMoRan Inc.   2,300    87,078 
Linde plc   4,900    2,281,636 
Nucor Corporation   1,700    204,578 
Sherwin-Williams Company (The)   8,900    3,107,791 
         6,675,151 
REAL ESTATE - 0.96%          
American Tower Corporation - A   3,500    761,600 
CBRE Group, Inc. - Class A *   4,000    523,120 
Crown Castle, Inc.   1,000    104,230 
Equinix, Inc.   1,400    1,141,490 
Extra Space Storage Inc.   500    74,245 
Prologis, Inc.   13,100    1,464,449 
Public Storage   7,600    2,274,604 
Realty Income Corporation   8,900    516,289 
SBA Communications Corporation - Class A   400    88,004 
         6,948,031 
UTILITIES - 1.64%          
American Electric Power Company, Inc.   2,500    273,175 
American Water Works Company, Inc.   3,000    442,560 
Consolidated Edison, Inc.   3,100    342,829 
Constellation Energy Corporation   7,433    1,498,716 
Dominion Energy, Inc.   1,700    95,319 
Duke Energy Corporation   5,000    609,850 

  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Continued)

 

 

Description  No. of Shares   Value 
UTILITIES - 1.64% (Continued)          
Edison International   6,800   $400,656 
Exelon Corporation   20,400    940,032 
NextEra Energy, Inc.   54,200    3,842,238 
PG&E Corporation   22,300    383,114 
Public Service Enterprise Group Incorporated   9,000    740,700 
Sempra   7,700    549,472 
Southern Company   10,600    974,670 
Xcel Energy Inc.   9,900    700,821 
         11,794,152 
           
TOTAL COMMON STOCKS        613,752,912 
           
EXCHANGE-TRADED FUNDS - 7.08%          
Consumer Staples Select Sector SPDR® Fund (The)   49,800    4,067,166 
Energy Select Sector SPDR® Fund (The)   9,300    869,085 
Health Care Select Sector SPDR® Fund (The)   3,400    496,434 
Industrial Select Sector SPDR® Fund (The)   52,000    6,815,640 
iShares Core S&P 500 ETF   12,400    6,967,560 
Real Estate Select Sector SPDR® Fund (The)   173,000    7,240,050 
SPDR S&P 500® ETF Trust   11,500    6,432,985 
Technology Select Sector SPDR® Fund (The)   83,100    17,158,488 
Vanguard Information Technology Index Fund ETF   1,700    922,046 
TOTAL EXCHANGE-TRADED FUNDS        50,969,454 
           
TOTAL EQUITY SECURITIES (cost - $533,617,708)        716,250,755 
  

 

 

CORNERSTONE TOTAL RETURN FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2025 (Unaudited)(Concluded)

 

  

Description  No. of Shares   Value 
SHORT-TERM INVESTMENT - 0.46%          
MONEY MARKET FUND - 0.46%          
Fidelity Institutional Money Market Government Portfolio - Class I, 4.23% ^ (cost - $3,290,663)   3,290,663   $3,290,663 
           
TOTAL INVESTMENTS - 99.95% (cost - $536,908,371)        719,541,418 
           
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.05%        362,346 
           
NET ASSETS - 100.00%       $719,903,764 

 

# Percentage rounds to less than 0.01%
* Non-income producing security.
^ The rate shown is the 7-day effective yield as of March 31, 2025.

 

ETF Exchange-Traded Fund

plc Public Limited Company