CORNERSTONE ENTERPRISES, LLC

RIA/Wealth

CORNERSTONE ENTERPRISES, LLC is a RIA/Wealth based in Reno, NV led by Troy Michael Leonard, managing $203.3M across 32 long positions as of Q3 2025 with 45% ETF concentration, 81% concentrated in top 10 holdings, and 21% allocation to SPHY.

CCOTroy Michael Leonard

Portfolio Value: $203.3M
Positions: 32
Top Holding: SPHY at 21.18%
Last Reported: Q3 2025

Address9628 Prototype Court, Reno, NV, 89521, United States

Top Holdings

Largest long holdings in CORNERSTONE ENTERPRISES, LLC's portfolio (81.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio High Yield Bond SPHY	ETF ETF	$43.1M	21.18%	+$2.0M Bought	— 1.8M shares	Q4 2023 Held for 1y 11m
2 JPMorgan Equity Premium Income JEPI	ETF ETF	$29.8M	14.63%	+$1.3M Bought	— 521.2K shares	Q4 2024 Held for 11 months
3 iShares 0-3 Month Treasury Bond SGOV	ETF ETF	$16.9M	8.33%	+$238.1K Bought	— 168.1K shares	Q4 2023 Held for 1y 11m
4 Nvidia NVDA	Semiconductors Technology	$15.5M	7.61%	-$176.5K Sold	0.00% 82.9K shares	Q4 2023 Held for 1y 11m
5 Microsoft MSFT	Software - Infrastructure Technology	$12.1M	5.96%	+$276.6K Bought	0.00% 23.4K shares	Q4 2023 Held for 1y 11m
6 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$11.7M	5.76%	-$773.1K Sold	0.00% 64.2K shares	Q1 2024 Held for 1y 8m
7 Amazon AMZN	Specialty Retail Consumer Cyclical	$10.6M	5.22%	+$461.8K Bought	0.00% 48.4K shares	Q4 2023 Held for 1y 11m
8 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$9.4M	4.62%	+$303.3K Bought	0.00% 12.8K shares	Q1 2024 Held for 1y 8m
9 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$8.3M	4.10%	+$46.2K Bought	0.00% 34.3K shares	Q4 2023 Held for 1y 11m
10 Omega Healthcare Investors OHI	REIT - Healthcare Facilities Real Estate	$8.2M	4.04%	+$338.8K Bought	0.07% 194.8K shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in CORNERSTONE ENTERPRISES, LLC's latest filing

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Market Value

$203.3M

Prior: $185.8M

Q/Q Change

+9.45%

+$17.6M

Net Flows % of MV

+3.28%

Turnover Ratio

2.42%

New Purchases

1 stocks

$202.8K

Added To

21 stocks

+$8.0M

Sold Out Of

1 stocks

$377.1K

Reduced Holdings

6 stocks

-$1.2M

Increased Positions

Position	Shares Δ	Change
1 Caterpillar CAT	New	0 → 425.0 +$202.8K
2 Vanguard S&P 500 ETF VOO	+26.29%	464.0 → 586.0 +$74.8K
3 Palo Alto Networks, Inc. PANW	+19.89%	16.5K → 19.7K +$667.3K
4 CrowdStrike Holdings, Inc. CRWD	+18.68%	5.7K → 6.8K +$526.2K
5 Tesla, Inc. TSLA	+15.02%	7.6K → 8.7K +$506.1K

Decreased Positions

Position	Shares Δ	Change
1 WEC Energy Group WEC	Sold	3.6K → 0 −$377.1K
2 Schwab U.S. Large-Cap Growth SCHG	-17.54%	33.7K → 27.8K −$188.6K
3 Roblox RBLX	-14.0%	2.4K → 2.1K −$46.5K
4 Chipotle Mexican Grill CMG	-6.47%	7.0K → 6.5K −$17.6K
5 Palantir Technologies Inc. PLTR	-6.19%	68.4K → 64.2K −$773.1K