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