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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-05150

Cornerstone Strategic Value Fund, Inc.

(Exact name of registrant as specified in charter)

225 Pictoria Drive, Suite 450       Cincinnati, Ohio	45246
(Address of principal executive offices)	(Zip code)

Benjamin V. Mollozzi, Esq.

Ultimus Fund Solutions, LLC      225 Pictoria Drive, Suite 450      Cincinnati, Ohio 45246

(Name and address of agent for service)

Registrant's telephone number, including area code: (513) 587-3400

Date of fiscal year end:	December 31
Date of reporting period:	March 31, 2019

Form N-Q is to be used by management investment companies other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to Rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507. 

Item 1. Schedule of Investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)

Description	No. of Shares		Value
EQUITY SECURITIES - 99.22%
CLOSED-END FUNDS - 20.56%
CORE - 5.88%
Adams Diversified Equity Fund, Inc.		1,277,148	$	18,442,017
General American Investors Company, Inc.		507,020		16,888,836
Royce Micro-Cap Trust, Inc.		191,929		1,598,769
Royce Value Trust, Inc.		405,543		5,580,272
Source Capital, Inc.		63,351		2,280,636
Tri-Continental Corporation		138,141		3,633,108
				48,423,638
CORPORATE DEBT BBB RATED - 0.29%
BlackRock Credit Allocation Income Trust		195,209		2,422,550
DEVELOPED MARKET - 0.37%
Aberdeen Japan Equity Fund, Inc.		5,299		36,934
European Equity Fund, Inc. (The)		8,630		75,254
Japan Smaller Capitalization Fund, Inc.		132,406		1,161,200
New Germany Fund, Inc. (The)		48,809		681,862
New Ireland Fund, Inc. (The) *		66,227		596,043
Swiss Helvetia Fund, Inc. (The)		63,785		484,766
				3,036,059
EMERGING MARKETS - 1.20%
Central and Eastern Europe Fund, Inc.		65,843		1,583,590
China Fund, Inc. (The)		46,625		950,218
First Trust/Aberdeen Emerging Opportunity Fund		3,817		51,339
Herzfeld Caribbean Basin Fund, Inc. (The) *		14,016		81,994
Mexico Equity & Income Fund, Inc. (The)		19,875		210,079
Mexico Fund, Inc. (The)		200,944		2,781,064
Morgan Stanley China A Share Fund, Inc.		7,700		179,718
Morgan Stanley India Investment Fund, Inc. *		105,982		2,215,024
Taiwan Fund, Inc. (The) *		21,999		394,441
Templeton Dragon Fund, Inc.		26,600		528,808
Templeton Emerging Markets Fund		64,311		956,948
				9,933,223
ENERGY MLP FUNDS - 0.58%
ClearBridge Energy Midstream Opportunity Fund Inc.		6,400		61,504

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)(Continued)

Description	No. of Shares		Value
ENERGY MLP FUNDS - 0.58% (Continued)
Cushing Energy Income Fund (The)		20,140	$	152,258
Kayne Anderson Midstream/Energy Fund, Inc.		90,066		1,071,785
Kayne Anderson MLP/Midstream Investment Company		194,600		3,119,439
Neuberger Berman MLP Income Fund Inc.		41,567		330,873
				4,735,859
GENERAL BOND - 0.05%
Eaton Vance Limited Duration Income Fund		34,862		441,016
GLOBAL - 2.62%
Aberdeen Global Dynamic Dividend Fund		136,448		1,292,163
Aberdeen Total Dynamic Dividend Fund		1,000,557		8,254,595
Clough Global Dividend and Income Fund		810		8,991
Clough Global Opportunities Fund		257,403		2,486,513
Delaware Enhanced Global Dividend and Income Fund		120,258		1,162,895
Eaton Vance Tax-Advantaged Global Dividend Income Fund		154,311		2,397,993
Gabelli Global Small and Mid Cap Value Trust (The)		113,050		1,329,468
GDL Fund (The)		262,556		2,510,035
Lazard World Dividend & Income Fund, Inc.		23,111		229,030
Royce Global Value Trust, Inc.		172,069		1,731,014
Wells Fargo Global Dividend Opportunity Fund		37,262		195,253
				21,597,950
GLOBAL INCOME - 0.28%
BrandywineGLOBAL - Global Income Opportunities   Fund Inc.		206,252		2,295,585
HIGH YIELD LEVERAGED - 0.06%
Franklin Universal Trust		71,018		500,677
INCOME & PREFERRED STOCK - 0.20%
Eagle Growth and Income Opportunities Fund		102,066		1,568,754
LMP Capital and Income Fund Inc.		5,343		68,925
				1,637,679

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)(Continued)

Description	No. of Shares		Value
NATURAL RESOURCES - 2.23%
Adams Natural Resources Fund, Inc.		535,580	$	8,981,676
BlackRock Energy and Resources Trust		143,328		1,735,702
BlackRock Resources & Commodities Strategy Trust		931,650		7,611,581
				18,328,959
OPTION ARBITRAGE/OPTIONS STRATEGIES - 2.00%
AllianzGI NFJ Dividend, Interest & Premium Strategy Fund		888,523		10,715,587
BlackRock Enhanced Equity Dividend Trust		15,677		134,038
BlackRock Enhanced Global Dividend Trust		354,488		3,793,022
BlackRock Enhanced International Dividend Trust		78,293		435,309
Cohen & Steers Global Income Builder, Inc.		4,000		34,120
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund		12,824		125,290
Eaton Vance Tax-Managed Global Diversified Equity Income Fund		81,108		660,220
Voya Asia Pacific High Dividend Equity Income Fund		57,886		541,813
				16,439,399
PACIFIC EX JAPAN - 0.11%
Korea Fund, Inc. (The)		30,161		882,812
REAL ESTATE - 1.81%
Aberdeen Global Premier Properties Fund		472,808		2,841,576
CBRE Clarion Global Real Estate Income Fund		1,018,594		7,608,897
Cohen & Steers REIT and Preferred Income Fund, Inc.		103,040		2,122,624
RMR Real Estate Income Fund		125,575		2,346,996
				14,920,093
SECTOR EQUITY - 1.79%
Gabelli Healthcare & WellnessRx Trust (The)		250,433		2,632,051
GAMCO Natural Resources, Gold & Income Trust		10,814		61,099
Nuveen Real Asset Income and Growth Fund		395,822		6,348,985
Tekla Healthcare Opportunities Fund		287,524		5,066,173
Tekla Life Sciences Investors		21,000		359,730
Tekla World Healthcare Fund		21,220		271,828
				14,739,866
UTILITY - 1.09%
Duff & Phelps Global Utility Income Fund Inc.		301,400		4,502,916

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)(Continued)

Description	No. of Shares		Value
UTILITY - 1.09% (Continued)
Gabelli Global Utility & Income Trust (The)		677	$	12,633
Macquarie Global Infrastructure Total Return Fund Inc.		201,209		4,464,828
				8,980,377
TOTAL CLOSED-END FUNDS				169,315,742
COMMUNICATION SERVICES - 9.23%
Alphabet, Inc. - Class C *		27,405		32,154,561
Comcast Corporation - Class A		280,000		11,194,400
Facebook, Inc. - Class A *		50,500		8,417,845
Verizon Communications, Inc.		250,000		14,782,500
Walt Disney Company (The)		85,000		9,437,550
				75,986,856
CONSUMER DISCRETIONARY - 8.44%
Amazon.com, Inc. *		14,000		24,930,500
AutoZone, Inc. *		1,200		1,228,944
Booking Holdings Inc. *		2,200		3,838,802
Dollar General Corporation		14,000		1,670,200
Home Depot, Inc. (The)		69,600		13,355,544
Lowe's Companies, Inc.		30,000		3,284,100
McDonald's Corporation		21,700		4,120,830
NIKE, Inc. - Class B		65,000		5,473,650
Ross Stores, Inc.		24,000		2,234,400
Starbucks Corporation		69,000		5,129,460
TJX Companies, Inc. (The)		80,000		4,256,800
				69,523,230
CONSUMER STAPLES - 5.78%
Costco Wholesale Corporation		25,500		6,174,570
Hormel Foods Corporation		31,000		1,387,560
PepsiCo, Inc.		70,000		8,578,500
Procter & Gamble Company (The)		99,000		10,300,950
Sysco Corporation		32,500		2,169,700
Walgreens Boots Alliance, Inc.		46,000		2,910,420
Walmart, Inc.		165,000		16,092,450
				47,614,150

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)(Continued)

Description	No. of Shares		Value
ENERGY - 2.24%
ConocoPhillips		59,000	$	3,937,660
Exxon Mobil Corporation		179,636		14,514,589
				18,452,249
EXCHANGE-TRADED FUNDS - 1.20%
iShares Core S&P 500 ETF		10,000		2,845,600
SPDR S&P 500 ETF Trust		25,000		7,062,000
				9,907,600
FINANCIALS - 9.56%
Allstate Corporation (The)		18,000		1,695,240
American Express Company		32,000		3,497,600
Bank of America Corporation		403,300		11,127,047
BB&T Corporation		42,000		1,954,260
Berkshire Hathaway, Inc. - Class B *		80,000		16,071,200
Charles Schwab Corporation (The)		39,700		1,697,572
Chubb Limited		20,000		2,801,600
Citigroup Inc.		107,000		6,657,540
CME Group Inc.		20,300		3,340,974
Intercontinental Exchange, Inc.		32,000		2,436,480
JPMorgan Chase & Co.		181,000		18,322,630
Marsh & McLennan Companies, Inc.		14,000		1,314,600
Progressive Corporation (The)		34,000		2,451,060
Prudential Financial, Inc.		8,900		817,732
SunTrust Banks, Inc.		27,000		1,599,750
U.S. Bancorp		60,000		2,891,400
				78,676,685
HEALTH CARE - 12.36%
Abbott Laboratories		107,000		8,553,580
Anthem, Inc.		15,000		4,304,700
Baxter International Inc.		33,000		2,683,230
Becton, Dickinson and Company		11,000		2,747,030
Boston Scientific Corporation *		68,000		2,609,840
Centene Corporation *		22,800		1,210,680
Cigna Corporation		19,354		3,112,510
CVS Health Corporation		78,080		4,210,854
Eli Lilly and Company		59,000		7,655,840
HCA Healthcare, Inc.		20,000		2,607,600

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)(Continued)

Description	No. of Shares		Value
HEALTH CARE - 12.36% (Continued)
Humana Inc.		8,000	$	2,128,000
Johnson & Johnson		105,700		14,775,803
Medtronic Public Limited Company		75,000		6,831,000
Merck & Co., Inc.		145,000		12,059,650
Pfizer Inc.		355,000		15,076,850
Thermo Fisher Scientific Inc.		14,000		3,832,080
UnitedHealth Group, Inc.		25,000		6,181,501
Zoetis, Inc.		12,000		1,208,040
				101,788,788
INDUSTRIALS - 7.49%
Boeing Company (The)		34,000		12,968,280
Caterpillar Inc.		27,000		3,658,230
CSX Corporation		54,000		4,040,280
Cummins Inc.		9,000		1,420,830
Deere & Company		21,000		3,356,640
Fortive Corporation		15,000		1,258,350
Honeywell International Inc.		24,000		3,814,080
Ingersoll-Rand Public Limited Company		13,000		1,403,350
Lockheed Martin Corporation		18,000		5,402,880
Norfolk Southern Corporation		19,000		3,550,910
Parker-Hannifin Corporation		9,000		1,544,580
Republic Services, Inc.		19,000		1,527,220
Roper Technologies, Inc.		6,000		2,051,820
Union Pacific Corporation		46,000		7,691,200
United Parcel Service, Inc. - Class B		49,000		5,475,260
Waste Management, Inc.		24,000		2,493,840
				61,657,750
INFORMATION TECHNOLOGY - 18.01%
Accenture plc - Class A		34,000		5,984,680
Adobe Inc. *		14,000		3,730,860
Apple Inc.		77,000		14,626,150
Automatic Data Processing, Inc.		24,000		3,833,760
Broadcom Inc.		25,000		7,517,750
Cisco Systems, Inc.		299,000		16,143,010
Cognizant Technology Solutions Corporation - Class A		36,000		2,608,200
Fiserv, Inc. *		25,000		2,207,000

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)(Continued)

Description	No. of Shares		Value
INFORMATION TECHNOLOGY - 18.01% (Continued)
Intel Corporation		286,500	$	15,385,050
Intuit Inc.		15,000		3,921,150
Mastercard Incorporated - Class A		50,000		11,772,500
Microsoft Corporation		331,000		39,038,140
Paychex, Inc.		20,000		1,604,000
Texas Instruments Incorporated		59,000		6,258,130
Visa, Inc. - Class A		71,000		11,089,490
Xilinx, Inc.		20,000		2,535,800
				148,255,670
MATERIALS - 1.47%
Air Products and Chemicals, Inc.		13,000		2,482,480
DowDuPont Inc.		61,294		3,267,583
Ecolab Inc.		17,000		3,001,180
Linde plc		7,000		1,231,510
Sherwin-Williams Company (The)		5,000		2,153,550
				12,136,303
REAL ESTATE - 0.92%
Crown Castle International Corp.		23,000		2,944,000
Prologis, Inc.		19,000		1,367,050
Simon Property Group, Inc.		18,000		3,279,780
				7,590,830
UTILITIES - 1.96%
American Electric Power Company, Inc.		28,000		2,345,000
Dominion Energy, Inc.		30,000		2,299,800
DTE Energy Company		12,000		1,496,880
Exelon Corporation		60,000		3,007,800
NextEra Energy, Inc.		18,000		3,479,760
Southern Company (The)		35,000		1,808,800
Xcel Energy Inc.		30,000		1,686,300
				16,124,340
TOTAL EQUITY SECURITIES (cost - $737,876,994)				817,030,193

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

SCHEDULE OF INVESTMENTS - MARCH 31, 2019 (Unaudited)(Continued)

Description	No. of Shares		Value
SHORT-TERM INVESTMENT - 0.77%
MONEY MARKET FUND - 0.77%
Fidelity Institutional Money Market Government Portfolio - Class I, 2.31% ^ (cost - $6,326,516)		6,326,516	$	6,326,516
TOTAL INVESTMENTS - 99.99% (cost - $744,203,510)				823,356,709
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.01%				50,307
NET ASSETS - 100.00%			$	823,407,016

* Non-income producing security.

^ The rate shown is the 7-day effective yield as of March 31, 2019.

See accompanying notes to schedule of investments.

CORNERSTONE STRATEGIC VALUE FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS

MARCH 31, 2019 (Unaudited)

Federal Income Tax Cost: The following information is computed on a tax basis for each item as of March 31, 2019:

Cost of portfolio investments	$	745,117,179
Gross unrealized appreciation	$	98,817,152
Gross unrealized depreciation		(20,577,622	)
Net unrealized appreciation	$	78,239,530

The difference between the federal income tax cost of portfolio investments and the Schedule of Investments cost for 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, 2019 in valuing the Fund's investments carried at value:

VALUTION INPUTS	INVESTMENTS IN SECURITIES		OTHER FINANCIAL INSTRUMENTS*
Level 1 - Quoted Prices
Equity Investments	$	817,030,193	$	-
Short-Term Investments		6,326,516		-
Level 2 - Other Significant Observable Inputs		-		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	823,356,709	$	-

* 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, 2019.

The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the three months ended March 31, 2019, 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 7, 2019 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. 

Item 2. Controls and Procedures.

(a) Based on their evaluation of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, the registrant’s principal executive officer and principal financial officer have concluded that such disclosure controls and procedures are reasonably designed and are operating effectively to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to them by others within those entities, particularly during the period in which this report is being prepared, and that such information is recorded, processed, summarized, and reported on a timely basis.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)): Attached hereto 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	Cornerstone Strategic Value Fund, Inc.
By (Signature and Title)*		/s/ Ralph W. Bradshaw
		Ralph W. Bradshaw, Chairman and President (Principal Executive Officer)
Date	May 24, 2019
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)*		/s/ Ralph W. Bradshaw
		Ralph W. Bradshaw, Chairman and President (Principal Executive Officer)
Date	May 24, 2019
By (Signature and Title)*		/s/ Theresa M. Bridge
		Theresa M. Bridge, Treasurer (Principal Financial Officer)
Date	May 24, 2019

^* Print the name and title of each signing officer under his or her signature.