CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)
| Description | | No. of Shares | | | Value | |
| EQUITY SECURITIES - 99.15% | | | | | | | | |
| CLOSED-END FUNDS - 6.87% | | | | | | | | |
| CORE - 0.51% | | | | | | | | |
| General American Investors Company, Inc. | | | 212,868 | | | $ | 7,205,582 | |
| | | | | | | | | |
| DEVELOPED MARKET - 0.12% | | | | | | | | |
| First Trust Dynamic Europe Equity Income Fund | | | 83,191 | | | | 793,642 | |
| Japan Smaller Capitalization Fund, Inc. | | | 147,220 | | | | 862,709 | |
| New Germany Fund, Inc. (The) | | | 11,922 | | | | 82,977 | |
| | | | | | | | 1,739,328 | |
| DIVERSIFIED EQUITY - 0.50% | | | | | | | | |
| Adams Diversified Equity Fund, Inc. | | | 488,091 | | | | 7,111,486 | |
| Royce Micro-Cap Trust, Inc. | | | 8,855 | | | | 70,220 | |
| | | | | | | | 7,181,706 | |
| EMERGING MARKETS - 0.17% | | | | | | | | |
| Mexico Fund, Inc. (The) | | | 10,000 | | | | 130,300 | |
| Morgan Stanley India Investment Fund, Inc. | | | 100,284 | | | | 2,333,609 | |
| | | | | | | | 2,463,909 | |
| ENERGY MLP FUNDS - 1.24% | | | | | | | | |
| ClearBridge Energy Midstream Opportunity Fund Inc. | | | 110,535 | | | | 2,764,480 | |
| ClearBridge MLP and Midstream Fund Inc. | | | 172,518 | | | | 5,141,036 | |
| ClearBridge MLP and Midstream Total Return Fund Inc. | | | 67,923 | | | | 1,787,054 | |
| First Trust MLP and Energy Income Fund | | | 192,925 | | | | 1,379,414 | |
| Goldman Sachs MLP and Energy Renaissance Fund | | | 133,682 | | | | 1,604,184 | |
| Kayne Anderson NextGen Energy & Infrastructure, Inc. | | | 455,210 | | | | 3,218,335 | |
| Neuberger Berman MLP and Energy Income Fund Inc. | | | 266,859 | | | | 1,633,177 | |
| | | | | | | | 17,527,680 | |
| GLOBAL - 0.18% | | | | | | | | |
| Aberdeen Total Dynamic Dividend Fund | | | 212,406 | | | | 1,516,579 | |
| Gabelli Global Small and Mid Cap Value Trust (The) | | | 30,494 | | | | 290,608 | |
| GDL Fund (The) | | | 84,474 | | | | 669,034 | |
| | | | | | | | 2,476,221 | |
| INCOME & PREFERRED STOCK - 0.14% | | | | | | | | |
| Calamos Long/Short Equity & Dynamic Income Trust | | | 12,200 | | | | 182,390 | |
| LMP Capital and Income Fund Inc. | | | 157,311 | | | | 1,772,895 | |
| | | | | | | | 1,955,285 | |
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
| Description | | No. of Shares | | | Value | |
| NATURAL RESOURCES - 0.42% | | | | | | | | |
| Adams Natural Resources Fund, Inc. | | | 221,969 | | | $ | 4,319,517 | |
| Cushing® NextGen Infrastructure Income Fund (The) | | | 18,415 | | | | 675,462 | |
| First Trust Energy Infrastructure Fund | | | 66,703 | | | | 889,151 | |
| | | | | | | | 5,884,130 | |
| OPTION ARBITRAGE/OPTIONS STRATEGIES - 0.55% | | | | | | | | |
| BlackRock Enhanced International Dividend Trust | | | 282,957 | | | | 1,264,818 | |
| Virtus Dividend, Interest & Premium Strategy Fund | | | 604,780 | | | | 6,459,050 | |
| | | | | | | | 7,723,868 | |
| REAL ESTATE - 0.01% | | | | | | | | |
| Nuveen Real Estate Income Fund | | | 20,000 | | | | 154,600 | |
| | | | | | | | | |
| SECTOR EQUITY - 3.02% | | | | | | | | |
| BlackRock Health Sciences Trust II | | | 1,041,795 | | | | 15,553,999 | |
| BlackRock Innovation and Growth Trust | | | 2,225,477 | | | | 16,179,219 | |
| Gabelli Healthcare & WellnessRx Trust (The) | | | 57,176 | | | | 543,172 | |
| GAMCO Natural Resources, Gold & Income Trust | | | 236,993 | | | | 976,411 | |
| Nuveen Real Asset Income and Growth Fund | | | 266,612 | | | | 2,972,724 | |
| Tekla Healthcare Investors | | | 24,600 | | | | 425,088 | |
| Tekla Life Sciences Investors | | | 164,990 | | | | 2,253,763 | |
| Virtus Artificial Intelligence & Technology Opportunity Fund | | | 248,093 | | | | 3,865,289 | |
| | | | | | | | 42,769,665 | |
| UTILITY - 0.01% | | | | | | | | |
| Macquarie Global Infrastructure Total Return Fund Inc. | | | 7,800 | | | | 148,590 | |
| | | | | | | | | |
| TOTAL CLOSED-END FUNDS | | | | | | | 97,230,564 | |
| | | | | | | | | |
| COMMUNICATION SERVICES - 8.20% | | | | | | | | |
| Alphabet Inc. - Class C * | | | 680,000 | | | | 65,382,000 | |
| Charter Communications, Inc. - Class A * | | | 12,000 | | | | 3,640,200 | |
| Comcast Corporation - Class A | | | 344,000 | | | | 10,089,520 | |
| Meta Platforms, Inc. - Class A * | | | 120,000 | | | | 16,281,600 | |
| Netflix, Inc. * | | | 30,000 | | | | 7,063,200 | |
| T-Mobile US, Inc. * | | | 45,000 | | | | 6,037,650 | |
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
| Description | | No. of Shares | | | Value | |
| COMMUNICATION SERVICES - 8.20% (Continued) | | | | | | | | |
| Walt Disney Company (The) * | | | 80,000 | | | $ | 7,546,400 | |
| | | | | | | | 116,040,570 | |
| CONSUMER DISCRETIONARY - 12.37% | | | | | | | | |
| Amazon.com, Inc. * | | | 545,000 | | | | 61,585,000 | |
| Booking Holdings Inc. * | | | 3,500 | | | | 5,751,235 | |
| eBay Inc. | | | 38,000 | | | | 1,398,780 | |
| Ford Motor Company | | | 260,000 | | | | 2,912,000 | |
| General Motors Company | | | 102,000 | | | | 3,273,180 | |
| Hilton Worldwide Holdings Inc. | | | 22,000 | | | | 2,653,640 | |
| Lowe's Companies, Inc. | | | 64,000 | | | | 12,019,840 | |
| Marriott International, Inc. - Class A | | | 20,000 | | | | 2,802,800 | |
| NIKE, Inc. - Class B | | | 100,000 | | | | 8,312,000 | |
| O'Reilly Automotive, Inc. * | | | 5,000 | | | | 3,516,750 | |
| Tesla, Inc. * | | | 240,000 | | | | 63,660,000 | |
| TJX Companies, Inc. (The) | | | 115,000 | | | | 7,143,800 | |
| | | | | | | | 175,029,025 | |
| CONSUMER STAPLES - 5.04% | | | | | | | | |
| Archer-Daniels-Midland Company | | | 49,000 | | | | 3,942,050 | |
| Coca-Cola Company (The) | | | 345,000 | | | | 19,326,900 | |
| Constellation Brands, Inc. - Class A | | | 15,000 | | | | 3,445,200 | |
| Costco Wholesale Corporation | | | 40,500 | | | | 19,126,935 | |
| Estée Lauder Companies Inc. (The) - Class A | | | 21,000 | | | | 4,533,900 | |
| Hershey Company (The) | | | 13,000 | | | | 2,866,110 | |
| Monster Beverage Corporation * | | | 30,000 | | | | 2,608,800 | |
| Philip Morris International Inc. | | | 127,400 | | | | 10,575,474 | |
| Sysco Corporation | | | 44,000 | | | | 3,111,240 | |
| Walgreens Boots Alliance, Inc. | | | 56,000 | | | | 1,758,400 | |
| | | | | | | | 71,295,009 | |
| ENERGY - 2.14% | | | | | | | | |
| ConocoPhillips | | | 40,000 | | | | 4,093,600 | |
| Devon Energy Corporation | | | 50,000 | | | | 3,006,500 | |
| Exxon Mobil Corporation | | | 190,000 | | | | 16,588,900 | |
| Kinder Morgan, Inc. - Class P | | | 160,000 | | | | 2,662,400 | |
| Pioneer Natural Resources Company | | | 18,000 | | | | 3,897,540 | |
| | | | | | | | 30,248,940 | |
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
| Description | | No. of Shares | | | Value | |
| EXCHANGE-TRADED FUNDS - 4.96% | | | | | | | | |
| Energy Select Sector SPDR® Fund (The) | | | 180,000 | | | $ | 12,963,600 | |
| Invesco QQQ TrustSM, Series 1 | | | 59,000 | | | | 15,768,340 | |
| iShares Core S&P 500 ETF | | | 50,000 | | | | 17,932,500 | |
| SPDR S&P 500® ETF Trust | | | 47,500 | | | | 16,966,050 | |
| Technology Select Sector SPDR® Fund (The) | | | 55,000 | | | | 6,532,900 | |
| | | | | | | | 70,163,390 | |
| FINANCIALS - 9.83% | | | | | | | | |
| American Express Company | | | 50,000 | | | | 6,745,500 | |
| Aon plc - Class A | | | 20,000 | | | | 5,357,400 | |
| Bank of America Corporation | | | 560,000 | | | | 16,912,000 | |
| Berkshire Hathaway Inc. - Class B * | | | 124,000 | | | | 33,110,480 | |
| Charles Schwab Corporation (The) | | | 145,000 | | | | 10,421,150 | |
| Citigroup Inc. | | | 160,000 | | | | 6,667,200 | |
| JPMorgan Chase & Co. | | | 170,000 | | | | 17,765,000 | |
| Moody's Corporation | | | 15,000 | | | | 3,646,650 | |
| Morgan Stanley | | | 120,000 | | | | 9,481,200 | |
| Progressive Corporation (The) | | | 52,000 | | | | 6,042,920 | |
| S&P Global Inc. | | | 30,000 | | | | 9,160,500 | |
| Wells Fargo & Company | | | 342,000 | | | | 13,755,240 | |
| | | | | | | | 139,065,240 | |
| HEALTH CARE - 13.99% | | | | | | | | |
| Abbott Laboratories | | | 66,000 | | | | 6,386,160 | |
| AbbVie Inc. | | | 70,000 | | | | 9,394,700 | |
| Biogen Inc. * | | | 10,000 | | | | 2,670,000 | |
| Boston Scientific Corporation * | | | 82,000 | | | | 3,175,860 | |
| Bristol-Myers Squibb Company | | | 198,000 | | | | 14,075,820 | |
| Centene Corporation * | | | 34,000 | | | | 2,645,540 | |
| Cigna Corporation | | | 30,000 | | | | 8,324,100 | |
| CVS Health Corporation | | | 115,000 | | | | 10,967,550 | |
| Danaher Corporation | | | 50,000 | | | | 12,914,500 | |
| Elevance Health, Inc. | | | 22,000 | | | | 9,993,280 | |
| Gilead Sciences, Inc. | | | 120,000 | | | | 7,402,800 | |
| HCA Healthcare, Inc. | | | 17,000 | | | | 3,124,430 | |
| Humana Inc. | | | 8,000 | | | | 3,881,520 | |
| IQVIA Holdings Inc. * | | | 16,000 | | | | 2,898,240 | |
| Johnson & Johnson | | | 48,000 | | | | 7,841,280 | |
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
| Description | | No. of Shares | | | Value | |
| HEALTH CARE - 13.99% (Continued) | | | | | | | | |
| McKesson Corporation | | | 14,000 | | | $ | 4,758,180 | |
| Merck & Co., Inc. | | | 200,000 | | | | 17,224,000 | |
| Pfizer Inc. | | | 465,000 | | | | 20,348,400 | |
| Regeneron Pharmaceuticals, Inc. * | | | 10,000 | | | | 6,888,700 | |
| UnitedHealth Group Incorporated | | | 73,500 | | | | 37,120,440 | |
| Vertex Pharmaceuticals Incorporated * | | | 20,000 | | | | 5,790,800 | |
| | | | | | | | 197,826,300 | |
| INDUSTRIALS - 6.68% | | | | | | | | |
| Boeing Company (The) * | | | 52,000 | | | | 6,296,160 | |
| Caterpillar Inc. | | | 45,000 | | | | 7,383,600 | |
| Cintas Corporation | | | 8,000 | | | | 3,105,520 | |
| CSX Corporation | | | 206,000 | | | | 5,487,840 | |
| FedEx Corporation | | | 21,300 | | | | 3,162,411 | |
| General Dynamics Corporation | | | 24,000 | | | | 5,092,080 | |
| Honeywell International Inc. | | | 60,000 | | | | 10,018,200 | |
| Lockheed Martin Corporation | | | 21,000 | | | | 8,112,090 | |
| Norfolk Southern Corporation | | | 21,000 | | | | 4,402,650 | |
| Northrop Grumman Corporation | | | 7,000 | | | | 3,292,240 | |
| Parker-Hannifin Corporation | | | 5,000 | | | | 1,211,550 | |
| Raytheon Technologies Corporation | | | 66,000 | | | | 5,402,760 | |
| Southwest Airlines Co. * | | | 54,000 | | | | 1,665,360 | |
| TransDigm Group Incorporated | | | 5,000 | | | | 2,624,100 | |
| Union Pacific Corporation | | | 60,000 | | | | 11,689,200 | |
| United Parcel Service, Inc. - Class B | | | 60,000 | | | | 9,692,400 | |
| Waste Management, Inc. | | | 36,000 | | | | 5,767,560 | |
| | | | | | | | 94,405,721 | |
| INFORMATION TECHNOLOGY - 22.74% | | | | | | | | |
| Adobe Inc. * | | | 34,000 | | | | 9,356,800 | |
| Advanced Micro Devices, Inc. * | | | 112,000 | | | | 7,096,320 | |
| Analog Devices, Inc. | | | 12,000 | | | | 1,672,080 | |
| Apple Inc. | | | 742,000 | | | | 102,544,400 | |
| Applied Materials, Inc. | | | 41,000 | | | | 3,359,130 | |
| Autodesk, Inc. * | | | 14,000 | | | | 2,615,200 | |
| Fidelity National Information Services, Inc. | | | 46,000 | | | | 3,476,220 | |
| Fiserv, Inc. * | | | 45,000 | | | | 4,210,650 | |
| Intel Corporation | | | 234,000 | | | | 6,030,180 | |
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
| Description | | No. of Shares | | | Value | |
| INFORMATION TECHNOLOGY - 22.74% (Continued) | | | | | | | | |
| Intuit Inc. | | | 12,000 | | | $ | 4,647,840 | |
| Lam Research Corporation | | | 12,000 | | | | 4,392,000 | |
| Mastercard Incorporated - Class A | | | 61,000 | | | | 17,344,740 | |
| Micron Technology, Inc. | | | 80,000 | | | | 4,008,000 | |
| Microsoft Corporation | | | 368,000 | | | | 85,707,200 | |
| NVIDIA Corporation | | | 139,800 | | | | 16,970,322 | |
| PayPal Holdings, Inc. * | | | 65,000 | | | | 5,594,550 | |
| QUALCOMM Incorporated | | | 67,000 | | | | 7,569,660 | |
| Roper Technologies, Inc. | | | 10,000 | | | | 3,596,400 | |
| Salesforce.com, Inc. * | | | 80,000 | | | | 11,507,200 | |
| Visa, Inc. - Class A | | | 112,000 | | | | 19,896,800 | |
| | | | | | | | 321,595,692 | |
| MATERIALS - 2.31% | | | | | | | | |
| Air Products and Chemicals, Inc. | | | 12,000 | | | | 2,792,760 | |
| Ball Corporation | | | 13,000 | | | | 628,160 | |
| Corteva, Inc. | | | 67,000 | | | | 3,829,050 | |
| DuPont de Nemours, Inc. | | | 47,000 | | | | 2,368,800 | |
| Freeport-McMoRan Inc. | | | 136,000 | | | | 3,716,880 | |
| International Flavors & Fragrances Inc. | | | 23,000 | | | | 2,089,090 | |
| Linde plc | | | 47,000 | | | | 12,670,730 | |
| Newmont Corporation | | | 46,000 | | | | 1,933,380 | |
| Nucor Corporation | | | 25,000 | | | | 2,674,750 | |
| | | | | | | | 32,703,600 | |
| REAL ESTATE - 1.81% | | | | | | | | |
| American Tower Corporation | | | 42,000 | | | | 9,017,400 | |
| AvalonBay Communities, Inc. | | | 13,000 | | | | 2,394,470 | |
| CBRE Group, Inc. - Class A * | | | 27,000 | | | | 1,822,770 | |
| Digital Realty Trust, Inc. | | | 26,000 | | | | 2,578,680 | |
| Equinix, Inc. | | | 6,000 | | | | 3,413,040 | |
| Public Storage | | | 13,000 | | | | 3,806,530 | |
| SBA Communications Corporation - Class A | | | 9,000 | | | | 2,561,850 | |
| | | | | | | | 25,594,740 | |
| UTILITIES - 2.21% | | | | | | | | |
| American Electric Power Company, Inc. | | | 25,000 | | | | 2,161,250 | |
| American Water Works Company, Inc. | | | 22,000 | | | | 2,863,520 | |
| Consolidated Edison, Inc. | | | 16,000 | | | | 1,372,160 | |
CORNERSTONE STRATEGIC VALUE FUND, INC.
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2022 (Unaudited)(Continued)
| Description | | No. of Shares | | | Value | |
| UTILITIES - 2.21% (Continued) | | | | | | | | |
| Constellation Energy Corporation | | | 18,333 | | | $ | 1,525,122 | |
| Duke Energy Corporation | | | 35,000 | | | | 3,255,700 | |
| Eversource Energy | | | 15,000 | | | | 1,169,400 | |
| Exelon Corporation | | | 88,000 | | | | 3,296,480 | |
| Public Service Enterprise Group Incorporated | | | 16,000 | | | | 899,680 | |
| Sempra Energy | | | 30,000 | | | | 4,498,200 | |
| Southern Company (The) | | | 98,000 | | | | 6,664,000 | |
| WEC Energy Group, Inc. | | | 22,000 | | | | 1,967,460 | |
| Xcel Energy Inc. | | | 25,000 | | | | 1,600,000 | |
| | | | | | | | 31,272,972 | |
| | | | | | | | | |
| TOTAL EQUITY SECURITIES (cost - $1,443,676,796) | | | | | | | 1,402,471,763 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENT - 0.77% | | | | | | | | |
| MONEY MARKET FUND - 0.77% | | | | | | | | |
| Fidelity Institutional Money Market Government Portfolio - Class I, 2.74% ^ (cost - $10,904,332) | 10,904,332 | | | | 10,904,332 | |
| | | | | | | | | |
| TOTAL INVESTMENTS - 99.92% (cost - $1,454,581,128) | | | | | | | 1,413,376,095 | |
| | | | | | | | | |
| OTHER ASSETS IN EXCESS OF LIABILITIES - 0.08% | | | | | | | 1,078,263 | |
| | | | | | | | | |
| NET ASSETS - 100.00% | | | | | | $ | 1,414,454,358 | |
| * | Non-income producing security. |
| ^ | The rate shown is the 7-day effective yield as of September 30, 2022. |
| | |
| plc | Public Limited Company |
