0001398344-13-003550.txt : 20130806 0001398344-13-003550.hdr.sgml : 20130806 20130806115242 ACCESSION NUMBER: 0001398344-13-003550 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130806 DATE AS OF CHANGE: 20130806 EFFECTIVENESS DATE: 20130806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE ADVISORS INC CENTRAL INDEX KEY: 0001166880 IRS NUMBER: 562233730 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10085 FILM NUMBER: 131012432 BUSINESS ADDRESS: STREET 1: 1075 HENDERSONVILLE ROAD, SUITE 250 CITY: ASHEVILLE STATE: NC ZIP: 28803 BUSINESS PHONE: 8282108184 MAIL ADDRESS: STREET 1: 1075 HENDERSONVILLE ROAD, SUITE 250 CITY: ASHEVILLE STATE: NC ZIP: 28803 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001166880 XXXXXXXX 06-30-2013 06-30-2013 false CORNERSTONE ADVISORS INC

1075 Hendersonville Road, Suite 250 Asheville NC 28803

13F HOLDINGS REPORT 028-10085 N Ralph W. Bradshaw 828-210-8184 /s/ Ralph W. Bradshaw Asheville NC 08-06-2013 0 196 255279 INFORMATION TABLE 2 fp0007856_13fhr-table.xml 13F INFORMATION TABLE 3M Company Common 88579Y101 1312 12000 SH SOLE 12000 0 0 Abbott Laboratories Common 002824100 914 26200 SH SOLE 26200 0 0 AbbVie Inc. Common 00287Y109 918 22200 SH SOLE 22200 0 0 Aberdeen Asia-Pac Prme Fd Common 003009107 83 13352 SH SOLE 13352 0 0 Aberdeen Israel Fund, Inc. Common 32063L100 206 14293 SH SOLE 14293 0 0 Adams Express Co. Common 006212104 2305 192597 SH SOLE 192597 0 0 Advent Claymore Conv Sec Incm Common 007639107 596 86353 SH SOLE 86353 0 0 Advent Claymore Enh Gwth&Incm Common 00765E104 771 78855 SH SOLE 78855 0 0 AFLAC Inc. Common 001055102 320 5500 SH SOLE 5500 0 0 Air Products & Chemicals Common 009158106 320 3500 SH SOLE 3500 0 0 Allergan Inc. Common 018490102 421 5000 SH SOLE 5000 0 0 AllianzGI Equity & Convertible Common 018829101 1326 72361 SH SOLE 72361 0 0 AllianzGI International & Prem Common 01882X108 1745 185451 SH SOLE 185451 0 0 AllianzGI NFJ Dividend Inte Fd Common 01883A107 1426 84629 SH SOLE 84629 0 0 Allstate Corporation Common 020002101 505 10500 SH SOLE 10500 0 0 Alpine Global Dynamic Div Common 02082E106 2456 533902 SH SOLE 533902 0 0 Alpine Total Dynamic Div. Sh Ben Int 021060108 8309 2125064 SH SOLE 2125064 0 0 Altria Group Inc Common 02209S103 973 27800 SH SOLE 27800 0 0 American Express Co. Common 025816109 1077 14400 SH SOLE 14400 0 0 Ameriprise Financial, Inc. Common 03076C106 202 2500 SH SOLE 2500 0 0 Amgen Inc. Common 031162100 1756 17800 SH SOLE 17800 0 0 Aon Corp cl A Common G0408V102 515 8000 SH SOLE 8000 0 0 Apple Inc. Common 037833100 4713 11900 SH SOLE 11900 0 0 Asia Pacific Fund Inc. Common 044901106 228 22580 SH SOLE 22580 0 0 AT&T Inc. Common 00206R102 1721 48628 SH SOLE 48628 0 0 Automatic Data Processing Inc. Common 053015103 516 7500 SH SOLE 7500 0 0 BB&T Corp Common 054937107 356 10500 SH SOLE 10500 0 0 Berkshire Hathaway cl B Common 084670702 2238 20000 SH SOLE 20000 0 0 Biogen Idec Inc. Common 09062X103 1291 6000 SH SOLE 6000 0 0 BlackRock Credit Allocation In Common 092508100 164 12613 SH SOLE 12613 0 0 Blackrock Ecosolut. Invest Tr Common 092546100 580 72351 SH SOLE 72351 0 0 BlackRock Energy and Res Trust Common 09250U101 4756 190014 SH SOLE 190014 0 0 BlackRock Enh Eqty Div Tr Common 09251A104 3270 429635 SH SOLE 429635 0 0 BlackRock Enhanced Cap & Inc Common 09256A109 1282 101619 SH SOLE 101619 0 0 Blackrock Global Opportunities Common 092501105 12593 932809 SH SOLE 932809 0 0 BlackRock High Yld Fd V Common 09255N102 1494 122161 SH SOLE 122161 0 0 Blackrock Inc. Common 09247X101 642 2500 SH SOLE 2500 0 0 Blackrock Intl Growth & Inc Tr Sh Ben Int 092524107 8281 1123651 SH SOLE 1123651 0 0 Blackrock Real Asset Equity Common 09254B109 3240 372874 SH SOLE 372874 0 0 BlackRock Util and Infra Trust Common 09248D104 1329 73386 SH SOLE 73386 0 0 Bristol-Myers Squibb Co. Common 110122108 670 15000 SH SOLE 15000 0 0 Capital One Financial Corp. Common 14040H105 440 7000 SH SOLE 7000 0 0 CBS Corp. cl B Common, Cl B 124857202 440 9000 SH SOLE 9000 0 0 Celgene Corp. Common 151020104 1111 9500 SH SOLE 9500 0 0 Central Europe Russia & Turkey Common 153436100 361 12109 SH SOLE 12109 0 0 Chevron Corp Common 166764100 2098 17732 SH SOLE 17732 0 0 China Fund Common 169373107 3473 173827 SH SOLE 173827 0 0 Cigna Corporation Common 125509109 326 4500 SH SOLE 4500 0 0 Cisco Systems Inc. Common 17275R102 486 20000 SH SOLE 20000 0 0 Citigroup Inc. Common 172967424 576 12000 SH SOLE 12000 0 0 Clough Global Allocat. Fd Sh Ben Int 18913Y103 1182 77902 SH SOLE 77902 0 0 Clough Global Equity Fund Common 18914C100 412 27532 SH SOLE 27532 0 0 Clough Global Opps. Fund Sh Ben Int 18914E106 173 13473 SH SOLE 13473 0 0 Coca-Cola Company Common 191216100 1564 39000 SH SOLE 39000 0 0 Cohen & Steers Div Mjrs Fd Inc Common 19248G106 218 15206 SH SOLE 15206 0 0 Cohen & Steers REIT & Pfd Common 19247X100 1044 60407 SH SOLE 60407 0 0 Colgate-Palmolive Co Common 194162103 974 17000 SH SOLE 17000 0 0 Comcast cl A Common, Cl A 20030N101 1383 33025 SH SOLE 33025 0 0 ConocoPhillips Common 20825C104 1813 29974 SH SOLE 29974 0 0 Consolidated Edison, Inc. Common 209115104 262 4500 SH SOLE 4500 0 0 Costco Wholesale Corp Common 22160K105 553 5000 SH SOLE 5000 0 0 Covidien Ltd Common G2554F113 258 4099 SH SOLE 4099 0 0 Cutwater Select Income Fund Common 232229104 376 20481 SH SOLE 20481 0 0 CVS Caremark Corp. Common 126650100 1168 20430 SH SOLE 20430 0 0 Deere & Company Common 244199105 731 9000 SH SOLE 9000 0 0 Delaware Enhanced Glbl Div Common 246060107 2745 236064 SH SOLE 236064 0 0 DIRECTV Common 25490A309 739 12000 SH SOLE 12000 0 0 Discover Financial Services Common 254709108 572 12000 SH SOLE 12000 0 0 Dow Chemical Company Common 260543103 354 11000 SH SOLE 11000 0 0 Duff & Phelps Glbl Utl Inc Fnd Common 26433C105 868 46400 SH SOLE 46400 0 0 Duke Energy Corp Common 26441C204 532 7879 SH SOLE 7879 0 0 DWS Hi Incm Opportunities Fd Common 23339M204 2100 145731 SH SOLE 145731 0 0 Eaton Vance Enh Equity Inc Fd Common 278274105 1255 108700 SH SOLE 108700 0 0 Eaton Vance Natl Muni Opps Tr Common 27829L105 410 20775 SH SOLE 20775 0 0 Eaton Vance Tax-Managed Fund Common 27828N102 283 27859 SH SOLE 27859 0 0 eBay Inc. Common 278642103 983 19000 SH SOLE 19000 0 0 Ecolab Inc Common 278865100 383 4500 SH SOLE 4500 0 0 Eli Lilly & Co. Common 532457108 516 10500 SH SOLE 10500 0 0 Emerson Electric Co. Common 291011104 600 11000 SH SOLE 11000 0 0 EOG Resources Inc Common 26875P101 724 5500 SH SOLE 5500 0 0 Exxon Mobil Corporation Common 30231G102 4150 45936 SH SOLE 45936 0 0 Federated Enhanced Trsry In Fd Sh Ben Int 314162108 1332 102354 SH SOLE 102354 0 0 First Trust Dividend & Incm Fd Common 33731L100 372 45718 SH SOLE 45718 0 0 First Trust High Incm Lg/St Fd Common 33738E109 1459 83100 SH SOLE 83100 0 0 First Trust Mortgage Incm Fd Common 33734E103 552 34806 SH SOLE 34806 0 0 First Trust Strategic Fund II Common 337353106 1030 65377 SH SOLE 65377 0 0 Ford Motor Company Common 345370860 418 27000 SH SOLE 27000 0 0 Franklin Resources, Inc. Common 354613101 612 4500 SH SOLE 4500 0 0 Gap Inc. Common 364760108 292 7000 SH SOLE 7000 0 0 GDL Fund (The) Sh Ben Int 361570104 160 14068 SH SOLE 14068 0 0 General American Investors Co. Common 368802104 2917 91343 SH SOLE 91343 0 0 General Electric Company Common 369604103 2968 128000 SH SOLE 128000 0 0 Google Inc Common 38259P508 1761 2000 SH SOLE 2000 0 0 Greater China Fund Common 39167B102 893 81449 SH SOLE 81449 0 0 Guggenheim Eql Wt Eqty Incm Fd Common 40167M106 768 42197 SH SOLE 42197 0 0 Hess Corporation Common 42809H107 266 4000 SH SOLE 4000 0 0 Home Depot Inc. Common 437076102 1867 24100 SH SOLE 24100 0 0 Honeywell Intl Inc Common 438516106 714 9000 SH SOLE 9000 0 0 IBM Corp Common 459200101 1739 9100 SH SOLE 9100 0 0 India Fund, Inc. Common 454089103 6207 323776 SH SOLE 323776 0 0 ING Glb Eq Div & Prm Opp Fd Common 45684E107 1083 115529 SH SOLE 115529 0 0 ING Risk Managed Nat'l Res Common 449810100 534 49371 SH SOLE 49371 0 0 Invesco Bond Fund Common 46132L107 480 26204 SH SOLE 26204 0 0 Invesco Municipal Trust Common 46131J103 205 16200 SH SOLE 16200 0 0 Invesco Qual Muni Incm Tr Common 46133G107 1273 105051 SH SOLE 105051 0 0 Invesco Value Municipl Incm Tr Common 46132P108 439 30806 SH SOLE 30806 0 0 John Hancock Prem Div Fd Common 41013T105 1511 113987 SH SOLE 113987 0 0 Johnson & Johnson Common 478160104 2104 24500 SH SOLE 24500 0 0 JPMorgan Chase & Co Common 46625H100 3396 64332 SH SOLE 64332 0 0 Kimberly-Clark Corp. Common 494368103 389 4000 SH SOLE 4000 0 0 Lockheed Martin Corp. Common 539830109 597 5500 SH SOLE 5500 0 0 Lowes Companies Inc. Common 548661107 654 16000 SH SOLE 16000 0 0 Macy's Inc. Common 55616P104 432 9000 SH SOLE 9000 0 0 Marathon Oil Corp Common 565849106 412 11900 SH SOLE 11900 0 0 Marsh & McLennan Company Inc Common 571748102 399 10000 SH SOLE 10000 0 0 Mastercard Inc. Common 57636Q104 689 1200 SH SOLE 1200 0 0 McKesson Corp Common 58155Q103 435 3800 SH SOLE 3800 0 0 Merck & Co. Inc. Common 58933Y105 1034 22267 SH SOLE 22267 0 0 MetLife, Inc. Common 59156R108 709 15500 SH SOLE 15500 0 0 MFS Invstmt Grade Muni Trust Common 59318B108 324 34606 SH SOLE 34606 0 0 Microsoft Corporation Common 594918104 2686 77800 SH SOLE 77800 0 0 Monsanto Co Common 61166W101 988 10000 SH SOLE 10000 0 0 MS Emerging Mkts Debt Fund Common 617477104 3038 210406 SH SOLE 210406 0 0 MS Inco Secs Common 61745P874 605 35505 SH SOLE 35505 0 0 MS Thai Fund Common 882904105 1602 74184 SH SOLE 74184 0 0 MS Turkish Invest Fund Common 900145103 1073 67557 SH SOLE 67557 0 0 MSDW India Invest Common 61745C105 3678 238677 SH SOLE 238677 0 0 Neuberger Berman High Yd St Fd Common 64128C106 1548 120760 SH SOLE 120760 0 0 Neuberger Berman Real Est Sec Common 64190A103 971 201040 SH SOLE 201040 0 0 New Germany Fund Common 644465106 379 21535 SH SOLE 21535 0 0 New Ireland Fund Inc Common 645673104 272 26313 SH SOLE 26313 0 0 News Corporation Class B Common 65249B208 246 7500 SH SOLE 7500 0 0 NextEra Energy, Inc. Common 65339F101 733 9000 SH SOLE 9000 0 0 Nike Inc cl B Common 654106103 764 12000 SH SOLE 12000 0 0 Nuv Div Adv Mun Fd 2 Common 67070F100 2330 167046 SH SOLE 167046 0 0 Nuv Div Adv Mun Fd 3 Sh Ben Int 67070X101 2731 206076 SH SOLE 206076 0 0 Nuv Mun Adv Fund Common 67062H106 657 48992 SH SOLE 48992 0 0 Nuv Mun Mkt Opp Fd Common 67062W103 734 56299 SH SOLE 56299 0 0 Nuv Qlty Inc Mun Fd Common 670977107 1480 109530 SH SOLE 109530 0 0 Nuv Qlty Pfd Inc 3 Common 67072W101 919 109146 SH SOLE 109146 0 0 Nuv Sel Qlty Mun Fd Common 670973106 1637 120350 SH SOLE 120350 0 0 Nuveen AMT-Free Muni Incm Fd Common 670657105 1458 113225 SH SOLE 113225 0 0 Nuveen Bld America Bnd Opp Fd Common 67074Q102 1513 75662 SH SOLE 75662 0 0 Nuveen Div Adv Muni Incm Fd Common 67071L106 830 62170 SH SOLE 62170 0 0 Nuveen Diversified Currency Op Common 67090N109 3381 301565 SH SOLE 301565 0 0 Nuveen Global Value Opp Common 6706EH103 668 51758 SH SOLE 51758 0 0 Omnicom Group Inc Common 681919106 283 4500 SH SOLE 4500 0 0 Oracle Corporation Common 68389X105 2331 75872 SH SOLE 75872 0 0 Petroleum & Resource Corp. Common 716549100 2975 115848 SH SOLE 115848 0 0 Pfizer Inc. Common 717081103 461 16462 SH SOLE 16462 0 0 Philip Morris Intl Common 718172109 693 8000 SH SOLE 8000 0 0 Phillips 66 Common 718546104 736 12487 SH SOLE 12487 0 0 PPG Industries Inc. Common 693506107 293 2000 SH SOLE 2000 0 0 Precision Castparts Corp Common 740189105 791 3500 SH SOLE 3500 0 0 Public Service Enterprise Grp Common 744573106 212 6500 SH SOLE 6500 0 0 Putnam High Income Sec Common 746779107 729 92221 SH SOLE 92221 0 0 Putnam Master Intrmt Incm Trst Sh Ben Int 746909100 907 182085 SH SOLE 182085 0 0 Putnam Muni Opp Tr Common 746922103 350 30393 SH SOLE 30393 0 0 Putnam Prem Inc Tr Sh Ben Int 746853100 1948 364171 SH SOLE 364171 0 0 Qualcomm Inc. Common 747525103 305 5000 SH SOLE 5000 0 0 Reaves Utility Income Fund Sh Ben Int 756158101 6725 265075 SH SOLE 265075 0 0 Schlumberger Ltd. Common 806857108 824 11500 SH SOLE 11500 0 0 Singapore Fund Common 82929L109 832 64314 SH SOLE 64314 0 0 Southern Company Common 842587107 530 12000 SH SOLE 12000 0 0 Starbucks Corporation Common 855244109 458 7000 SH SOLE 7000 0 0 State Street Corp Common 857477103 228 3500 SH SOLE 3500 0 0 SunTrust Banks, Inc. Common 867914103 347 11000 SH SOLE 11000 0 0 Swiss Helvetia Fund Common 870875101 1678 136212 SH SOLE 136212 0 0 Taiwan Fund Common 874036106 691 42550 SH SOLE 42550 0 0 Templeton Dragon Common 88018T101 1686 67184 SH SOLE 67184 0 0 Templeton Rus & East Euro Common 88022F105 487 35490 SH SOLE 35490 0 0 Time Warner Inc Common 887317303 831 14366 SH SOLE 14366 0 0 TJX Companies Inc. Common 872540109 901 18000 SH SOLE 18000 0 0 Transamerica Inc Shrs Common 893506105 524 25412 SH SOLE 25412 0 0 Tri-Continental Corp. Common 895436103 1391 77642 SH SOLE 77642 0 0 Union Pacific Corp. Common 907818108 1311 8500 SH SOLE 8500 0 0 United Parcel Service Inc. Common 911312106 346 4000 SH SOLE 4000 0 0 United Technologies Corp Common 913017109 790 8500 SH SOLE 8500 0 0 Verizon Communications, Inc. Common 92343V104 1812 36000 SH SOLE 36000 0 0 Viacom Inc cl B Common, Cl B 92553P201 405 5950 SH SOLE 5950 0 0 Virtus Total Return Fund Common 92829A103 387 99974 SH SOLE 99974 0 0 VISA Inc. Common 92826C839 1828 10000 SH SOLE 10000 0 0 W. Asset Claymore Infl-link Op Common 95766R104 3318 280028 SH SOLE 280028 0 0 W. Asset/Claymore Infl-linked Sh Ben Int 95766Q106 1154 96497 SH SOLE 96497 0 0 Walgreen Company Common 931422109 265 6000 SH SOLE 6000 0 0 Wal-Mart Stores, Inc. Common 931142103 4075 54700 SH SOLE 54700 0 0 Walt Disney Company Common 254687106 1560 24700 SH SOLE 24700 0 0 Waste Management Inc. Common 94106L109 242 6000 SH SOLE 6000 0 0 WellPoint, Inc. Common 94973V107 205 2500 SH SOLE 2500 0 0 Wells Fargo & Co Common 949746101 3665 88800 SH SOLE 88800 0 0 Western Asset Income Fund Common 95766T100 185 14383 SH SOLE 14383 0 0 Weyerhaeuser Co Common 962166104 313 11000 SH SOLE 11000 0 0 Xcel Energy Inc Common 98389B100 269 9500 SH SOLE 9500 0 0 Yahoo! Inc. Common 984332106 276 11000 SH SOLE 11000 0 0 Zweig Fund, Inc. Common 989834205 757 59061 SH SOLE 59061 0 0 Zweig Total Return Common 989837208 4166 323978 SH SOLE 323978 0 0