NPORT-EX 2 clm.htm NPORT
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2021 (Unaudited)
 
Description   No. of Shares     Value  
EQUITY SECURITIES - 99.58%                
CLOSED-END FUNDS - 13.92%                
CONVERTIBLE SECURITIES - 0.29%                
Virtus AllianzGI Equity & Convertible Income Fund     78,400     $ 2,195,991  
                 
CORE - 1.84%                
General American Investors Company, Inc.     256,268       10,209,717  
Royce Micro-Cap Trust, Inc.     334,715       3,782,280  
              13,991,997  
DEVELOPED MARKET - 0.57%                
Aberdeen Japan Equity Fund, Inc.     32,524       293,366  
First Trust Dynamic Europe Equity Income Fund     156,093       1,982,382  
Japan Smaller Capitalization Fund, Inc.     163,000       1,515,900  
New Germany Fund, Inc. (The)     12,100       239,217  
Swiss Helvetia Fund, Inc. (The)     39,127       343,926  
              4,374,791  
DIVERSIFIED EQUITY - 4.28%                
Adams Diversified Equity Fund, Inc.     721,091       13,167,121  
Gabelli Dividend & Income Trust (The)     140,314       3,361,923  
Guggenheim Enhanced Equity Income Fund     220,353       1,588,745  
Nuveen Tax-Advantaged Total Return Strategy Fund     10,265       110,246  
Royce Value Trust, Inc.     635,668       11,511,948  
Sprott Focus Trust, Inc.     92,158       721,597  
Tri-Continental Corporation     66,984       2,172,291  
              32,633,871  
EMERGING MARKETS - 0.75%                
Aberdeen Emerging Markets Equity Income Fund, Inc.     150,763       1,304,100  
Central and Eastern Europe Fund, Inc. (The)     38,061       916,509  
Korea Fund, Inc. (The)     1,149       49,855  
Mexico Fund, Inc. (The)     35,229       498,490  
Morgan Stanley India Investment Fund, Inc.     125,932       2,935,777  
              5,704,731  
ENERGY MLP FUNDS - 0.86%                
Goldman Sachs MLP and Energy Renaissance Fund     7,282       70,490  
Kayne Anderson Energy Infrastructure Fund, Inc.     225,000       1,613,250  
Kayne Anderson NextGen Energy & Infrastructure, Inc.     292,663       1,949,136  

 

See accompanying notes to schedule of investments.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2021 (Unaudited)(Continued)
 
Description   No. of Shares     Value  
ENERGY MLP FUNDS - 0.86% (Continued)                
Neuberger Berman MLP and Energy Income Fund Inc.     693,000     $ 2,910,599  
              6,543,475  
GLOBAL - 0.66%                
Aberdeen Total Dynamic Dividend Fund     310,943       2,963,287  
Delaware Enhanced Global Dividend and Income Fund     30,908       303,207  
Gabelli Global Small and Mid Cap Value Trust (The)     51,978       758,359  
GDL Fund (The)     109,372       976,692  
Royce Global Value Trust, Inc. *     2,413       34,289  
              5,035,834  
INCOME & PREFERRED STOCK - 1.09%                
Calamos Long/Short Equity & Dynamic Income Trust     229,000       4,605,190  
LMP Capital and Income Fund Inc.     213,291       2,708,809  
Nuveen Tax-Advantaged Dividend Growth Fund     67,158       1,014,757  
              8,328,756  
NATURAL RESOURCES - 0.38%                
Adams Natural Resources Fund, Inc.     154,700       2,275,637  
Cushing NextGen Infrastructure Income Fund (The)     12,500       504,750  
First Trust Energy Infrastructure Fund     11,704       144,896  
              2,925,283  
OPTION ARBITRAGE/OPTIONS STRATEGIES - 0.91%                
BlackRock Enhanced International Dividend Trust     21,100       128,077  
Nuveen Dow 30SM Dynamic Overwrite Fund     89,757       1,458,551  
Virtus Dividend, Interest & Premium Strategy Fund     387,393       5,338,276  
              6,924,904  
REAL ESTATE - 0.13%                
Nuveen Real Estate Income Fund     102,120       979,342  
                 
SECTOR EQUITY - 1.81%                
BlackRock Health Sciences Trust II     230,557       6,063,650  
Gabelli Healthcare & WellnessRx Trust (The)     109,863       1,368,893  
GAMCO Global Gold, Natural Resources & Income Trust     181,000       628,070  
GAMCO Natural Resources, Gold & Income Trust     202,320       1,015,646  
Nuveen Real Asset Income and Growth Fund     181,724       2,674,977  
Tekla World Healthcare Fund     1,000       15,070  

 

See accompanying notes to schedule of investments.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2021 (Unaudited)(Continued)
 
Description   No. of Shares     Value  
SECTOR EQUITY - 1.81% (Continued)                
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund     77,889     $ 2,068,732  
              13,835,038  
UTILITY - 0.35%                
Macquarie Global Infrastructure Total Return Fund Inc.     120,888       2,642,612  
                 
TOTAL CLOSED-END FUNDS             106,116,625  
                 
COMMUNICATION SERVICES - 10.40%                
Alphabet Inc. - Class C *     18,000       37,235,340  
Charter Communications, Inc. - Class A *     12,000       7,404,240  
Comcast Corporation - Class A     174,000       9,415,140  
Netflix, Inc. *     20,000       10,433,200  
Walt Disney Company (The) *     80,000       14,761,600  
              79,249,520  
CONSUMER DISCRETIONARY - 11.92%                
Amazon.com, Inc. *     20,000       61,881,600  
Best Buy Co., Inc.     11,000       1,262,910  
Dollar General Corporation     14,000       2,836,680  
eBay Inc.     32,000       1,959,680  
Hilton Worldwide Holdings Inc. *     11,000       1,330,120  
Target Corporation     25,000       4,951,750  
Tesla, Inc. *     20,000       13,358,600  
TJX Companies, Inc. (The)     50,000       3,307,500  
              90,888,840  
CONSUMER STAPLES - 5.29%                
Colgate-Palmolive Company     34,000       2,680,220  
Costco Wholesale Corporation     25,500       8,988,240  
Estée Lauder Companies Inc. (The) - Class A     9,000       2,617,650  
General Mills, Inc.     12,000       735,840  
Kroger Co. (The)     40,000       1,439,600  
Procter & Gamble Company (The)     130,000       17,605,900  

 

See accompanying notes to schedule of investments.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2021 (Unaudited)(Continued)
 
Description   No. of Shares     Value  
CONSUMER STAPLES - 5.29% (Continued)                
Walmart Inc.     46,000     $ 6,248,180  
              40,315,630  
EXCHANGE-TRADED FUNDS - 2.45%                
Energy Select Sector SPDR® Fund (The)     224,000       10,989,440  
Invesco QQQ TrustSM, Series 1     24,000       7,659,120  
              18,648,560  
FINANCIALS - 8.94%                
Aflac Incorporated     27,000       1,381,860  
Allstate Corporation (The)     15,000       1,723,500  
Aon plc - Class A     12,000       2,761,320  
Berkshire Hathaway Inc. - Class B *     39,000       9,963,330  
BlackRock, Inc.     6,000       4,523,760  
Charles Schwab Corporation (The)     62,000       4,041,160  
Chubb Limited     18,000       2,843,460  
Goldman Sachs Group, Inc. (The)     14,000       4,578,000  
Intercontinental Exchange, Inc.     27,000       3,015,360  
JPMorgan Chase & Co.     104,000       15,831,920  
Marsh & McLennan Companies, Inc.     24,000       2,923,200  
Progressive Corporation (The)     29,000       2,772,690  
S&P Global Inc.     12,000       4,234,440  
T. Rowe Price Group, Inc.     9,000       1,544,400  
Travelers Companies, Inc. (The)     10,000       1,504,000  
Truist Financial Corporation     76,965       4,488,599  
              68,130,999  
HEALTH CARE - 11.72%                
Abbott Laboratories     40,000       4,793,600  
AbbVie Inc.     87,000       9,415,140  
Agilent Technologies, Inc.     16,000       2,034,240  
Amgen Inc.     12,000       2,985,720  
Anthem, Inc.     10,000       3,589,500  
Biogen Inc. *     6,000       1,678,500  
Boston Scientific Corporation *     60,000       2,319,000  
Bristol-Myers Squibb Company     48,000       3,030,240  
Centene Corporation *     28,000       1,789,480  
Cigna Corporation     16,354       3,953,416  
CVS Health Corporation     62,000       4,664,260  

 

See accompanying notes to schedule of investments.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2021 (Unaudited)(Continued)
 
Description   No. of Shares     Value  
HEALTH CARE - 11.72% (Continued)                
DexCom, Inc. *     4,000     $ 1,437,560  
Edwards Lifesciences Corporation *     26,000       2,174,640  
Eli Lilly and Company     30,000       5,604,600  
HCA Healthcare, Inc.     11,000       2,071,740  
IDEXX Laboratories, Inc. *     4,000       1,957,240  
IQVIA Holdings Inc. *     8,000       1,545,120  
Johnson & Johnson     60,400       9,926,740  
Merck & Co., Inc.     105,000       8,094,450  
Regeneron Pharmaceuticals, Inc. *     2,000       946,280  
Stryker Corporation     15,000       3,653,700  
Thermo Fisher Scientific Inc.     20,000       9,127,600  
Vertex Pharmaceuticals Incorporated *     6,000       1,289,340  
Zimmer Biomet Holdings, Inc.     8,000       1,280,640  
              89,362,746  
INDUSTRIALS - 7.53%                
Caterpillar Inc.     24,000       5,564,880  
Cintas Corporation     5,000       1,706,550  
CSX Corporation     15,000       1,446,300  
Cummins Inc.     7,000       1,813,770  
Deere & Company     13,000       4,863,820  
Eaton Corporation plc     17,000       2,350,760  
Emerson Electric Co.     28,000       2,526,160  
Fastenal Company     27,000       1,357,560  
FedEx Corporation     11,000       3,124,440  
General Dynamics Corporation     16,000       2,904,960  
Honeywell International Inc.     30,000       6,512,100  
Lockheed Martin Corporation     5,000       1,847,500  
Norfolk Southern Corporation     5,000       1,342,600  
Northrop Grumman Corporation     3,000       970,920  
Parker-Hannifin Corporation     5,000       1,577,150  
Roper Technologies, Inc.     3,000       1,210,020  
Union Pacific Corporation     29,000       6,391,890  
United Parcel Service, Inc. - Class B     49,000       8,329,510  
Verisk Analytics, Inc.     3,000       530,070  
Waste Management, Inc.     8,000       1,032,160  
              57,403,120  

 

See accompanying notes to schedule of investments.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2021 (Unaudited)(Continued)
 
Description   No. of Shares     Value  
INFORMATION TECHNOLOGY - 24.16%                
Accenture plc - Class A     14,000     $ 3,867,500  
Adobe Inc. *     10,000       4,753,700  
Advanced Micro Devices, Inc. *     52,000       4,082,000  
Apple Inc.     355,000       43,363,250  
Applied Materials, Inc.     41,000       5,477,600  
Autodesk, Inc. *     4,000       1,108,600  
Automatic Data Processing, Inc.     18,000       3,392,460  
Cisco Systems, Inc.     180,000       9,307,800  
Fidelity National Information Services, Inc.     26,000       3,655,860  
Fiserv, Inc. *     32,000       3,809,280  
HP Inc.     50,000       1,587,500  
Intel Corporation     157,000       10,048,000  
Intuit Inc.     5,000       1,915,300  
Lam Research Corporation     4,000       2,380,960  
Mastercard Incorporated - Class A     37,000       13,173,850  
Micron Technology, Inc. *     25,000       2,205,250  
Microsoft Corporation     155,000       36,544,350  
NVIDIA Corporation     14,000       7,475,020  
Oracle Corporation     110,000       7,718,700  
QUALCOMM Incorporated     47,000       6,231,730  
salesforce.com, inc. *     16,000       3,389,920  
Synopsys, Inc. *     6,000       1,486,680  
Visa, Inc. - Class A     34,000       7,198,820  
              184,174,130  
MATERIALS - 1.95%                
Air Products and Chemicals, Inc.     12,000       3,376,080  
Ball Corporation     13,000       1,101,620  
Ecolab Inc.     10,000       2,140,700  
Freeport-McMoRan Inc. *     60,000       1,975,800  
Newmont Corporation     18,000       1,084,860  
PPG Industries, Inc.     10,000       1,502,600  
Sherwin-Williams Company (The)     5,000       3,690,050  
              14,871,710  
REAL ESTATE - 0.18%                
SBA Communications Corporation     5,000       1,387,750  
                 

 

See accompanying notes to schedule of investments.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - MARCH 31, 2021 (Unaudited)(Concluded)
 
Description   No. of Shares     Value  
UTILITIES - 1.12%                
American Water Works Company, Inc.     9,000     $ 1,349,280  
Eversource Energy     14,000       1,212,260  
NextEra Energy, Inc.     44,000       3,326,840  
Public Service Enterprise Group Incorporated     21,000       1,264,410  
Xcel Energy Inc.     21,000       1,396,710  
              8,549,500  
                 
TOTAL EQUITY SECURITIES (cost - $596,414,995)             759,099,130  
                 
RIGHTS – 0.00%                
CLOSED-END FUND – 0.00%                
SECTOR EQUITY – 0.00%                
Tekla World Healthcare Fund, expires 04/06/2021 *(cost - $0)     1,000       0  
                 
SHORT-TERM INVESTMENT - 0.38%                
MONEY MARKET FUND - 0.38%                
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01% ^ (cost - $2,932,775)     2,932,775       2,932,775  
                 
TOTAL INVESTMENTS - 99.96% (cost - $599,347,770)             762,031,905  
                 
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.04%             280,966  
                 
NET ASSETS - 100.00%           $ 762,312,871  

 

* Non-income producing security.
^ The rate shown is the 7-day effective yield as of March 31, 2021.

 

See accompanying notes to schedule of investments.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS

March 31, 2021 (Unaudited)

 

Federal Income Tax Cost: The following information is computed on a tax basis for each item as of March 31, 2021:

 

Cost of portfolio investments   $ 600,137,411  
Gross unrealized appreciation   $ 168,523,735  
Gross unrealized depreciation     (6,629,241 )
Net unrealized appreciation   $ 161,894,494  

 

The difference between the federal income tax cost of portfolio investments and the Schedule of Investments cost for Cornerstone Strategic Value Fund, Inc. (the “Fund”) is due to certain timing differences in the recognition of capital gains or losses under income tax regulations and generally accepted accounting principles. These "book/tax" differences are temporary in nature and are due to the tax deferral of losses on wash sales.

 

As required by the Fair Value Measurement and Disclosures Topic of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification, the Fund has performed an analysis of all assets and liabilities measured at fair value to determine the significance and character of all inputs to their fair value determination.

 

The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into the following three broad categories:

 

•        Level 1 - quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.

 

•        Level 2 - quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.

 

•        Level 3 - model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Fund's own assumptions that market participants would use to price the asset or liability based on the best available information.

 

The following is a summary of the inputs used as of March 31, 2021 in valuing the Fund's investments carried at value:

 

VALUTION INPUTS   INVESTMENTS IN SECURITIES     OTHER FINANCIAL INSTRUMENTS*  
Level 1 - Quoted Prices                
Equity Securities   $ 759,099,130     $ -  
Short-Term Investment     2,932,775       -  
Level 2 - Other Significant Observable Inputs     -       -  
Level 3 - Significant Unobservable Inputs     -       -  
Total   $ 762,031,905     $ -  

 

* Other financial instruments include futures, forwards and swap contracts, if any.

 

 

 

CORNERSTONE STRATEGIC VALUE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Continued)

 

The breakdown of the Fund’s investments into major categories is disclosed in its Schedule of Investments.

 

The Fund did not have any assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at March 31, 2021.

 

The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the period ended March 31, 2021, the Fund did not engage in derivative instruments and other hedging activities.

 

The Fund has evaluated the need for additional disclosures and/or adjustments resulting through the date its financial statements were issued. Based on this evaluation, no additional disclosures or adjustments were required to such Schedule of Investments.

 

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the Fund's annual report previously filed with the Securities and Exchange Commission on the Form N-CSR on March 4, 2021 with a file number 811-05150.

 

Other information regarding the Fund is available in the Fund’s most recent annual report. This information is also available on the Fund’s website at www.cornerstonestrategicvaluefund.com; or on the website of the Securities and Exchange Commission at www.sec.gov.