President

0001398344-13-005280.txt : 20131112 0001398344-13-005280.hdr.sgml : 20131111 20131112122209 ACCESSION NUMBER: 0001398344-13-005280 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130930 FILED AS OF DATE: 20131112 DATE AS OF CHANGE: 20131112 EFFECTIVENESS DATE: 20131112 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: 131208868 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 09-30-2013 09-30-2013 false CORNERSTONE ADVISORS INC

1075 Hendersonville Road, Suite 250 Asheville NC 28803

13F HOLDINGS REPORT 028-10085 N Ralph W. Bradshaw President 828-210-8184 /s/ Ralph W. Bradshaw Asheville NC 11-12-2013 0 229 306624 INFORMATION TABLE 2 fp0008695_13fhr-table.xml 13F INFORMATION TABLE Abbott Laboratories Common 002824100 1201 36200 SH SOLE 36200 0 0 AbbVie Inc. Common 00287Y109 993 22200 SH SOLE 22200 0 0 Aberdeen Global Income Fd Common 003013109 197 18161 SH SOLE 18161 0 0 Aberdeen Israel Fund, Inc. Common 32063L100 220 14293 SH SOLE 14293 0 0 Adams Express Co. Common 006212104 2386 192597 SH SOLE 192597 0 0 Advent Claymore Enh Gwth&Incm Common 00765E104 771 78855 SH SOLE 78855 0 0 AES Corporation Common 00130H105 167 12600 SH SOLE 12600 0 0 AFLAC Inc. Common 001055102 341 5500 SH SOLE 5500 0 0 Air Products & Chemicals Common 009158106 373 3500 SH SOLE 3500 0 0 Allergan Inc. Common 018490102 678 7500 SH SOLE 7500 0 0 AllianzGI Equity & Convertible Common 018829101 1344 72361 SH SOLE 72361 0 0 AllianzGI International & Prem Common 01882X108 1961 185663 SH SOLE 185663 0 0 Allstate Corporation Common 020002101 531 10500 SH SOLE 10500 0 0 Alpine Global Dynamic Div Common 02082E106 2541 533902 SH SOLE 533902 0 0 Alpine Total Dynamic Div. Sh Ben Int 021060108 10590 2634256 SH SOLE 2634256 0 0 Altria Group Inc Common 02209S103 852 24800 SH SOLE 24800 0 0 American Intl Group, Inc. Common 026874784 389 8000 SH SOLE 8000 0 0 Ameriprise Financial, Inc. Common 03076C106 228 2500 SH SOLE 2500 0 0 Amgen Inc. Common 031162100 1545 13800 SH SOLE 13800 0 0 Anadarko Petroleum Corp Common 032511107 465 5000 SH SOLE 5000 0 0 Aon Corp cl A Common G0408V102 596 8000 SH SOLE 8000 0 0 Apple Inc. Common 037833100 4243 8900 SH SOLE 8900 0 0 Asia Pacific Fund Inc. Common 044901106 205 20280 SH SOLE 20280 0 0 AT&T Inc. Common 00206R102 2524 74628 SH SOLE 74628 0 0 Bank of America Corp Common 060505104 207 15000 SH SOLE 15000 0 0 BB&T Corp Common 054937107 523 15500 SH SOLE 15500 0 0 Becton Dickinson & Co. Common 075887109 200 2000 SH SOLE 2000 0 0 Berkshire Hathaway cl B Common 084670702 2270 20000 SH SOLE 20000 0 0 BlackRock Credit Allocation In Common 092508100 164 12613 SH SOLE 12613 0 0 Blackrock Ecosolut. Invest Tr Common 092546100 895 114801 SH SOLE 114801 0 0 BlackRock Energy and Res Trust Common 09250U101 5938 230061 SH SOLE 230061 0 0 BlackRock Enh Eqty Div Tr Common 09251A104 3231 429635 SH SOLE 429635 0 0 BlackRock Enhanced Cap & Inc Common 09256A109 1315 101619 SH SOLE 101619 0 0 Blackrock Global Opportunities Common 092501105 13050 932809 SH SOLE 932809 0 0 BlackRock High Yld Fd V Common 09255N102 1481 122161 SH SOLE 122161 0 0 Blackrock Inc. Common 09247X101 406 1500 SH SOLE 1500 0 0 Blackrock Intl Growth & Inc Tr Sh Ben Int 092524107 8343 1083458 SH SOLE 1083458 0 0 Blackrock Real Asset Equity Common 09254B109 4165 463762 SH SOLE 463762 0 0 Blackrock Resources&Commod. Common 09257A108 895 77278 SH SOLE 77278 0 0 BlackRock Util and Infra Trust Common 09248D104 1846 105800 SH SOLE 105800 0 0 Boeing Company Common 097023105 940 8000 SH SOLE 8000 0 0 Boston Scientific Corp Common 101137107 164 14000 SH SOLE 14000 0 0 Calamos Global Dynamic Income Common 12811L107 1258 147826 SH SOLE 147826 0 0 Calamos Strategic Total Return Sh Ben Int 128125101 2141 214057 SH SOLE 214057 0 0 Capital One Financial Corp. Common 14040H105 687 10000 SH SOLE 10000 0 0 Cardinal Health Inc. Common 14149Y108 362 6950 SH SOLE 6950 0 0 CBS Corp. cl B Common, Cl B 124857202 496 9000 SH SOLE 9000 0 0 Central Europe Russia & Turkey Common 153436100 391 12059 SH SOLE 12059 0 0 Chevron Corp Common 166764100 1911 15732 SH SOLE 15732 0 0 China Fund Common 169373107 4204 193627 SH SOLE 193627 0 0 Cigna Corporation Common 125509109 346 4500 SH SOLE 4500 0 0 Cisco Systems Inc. Common 17275R102 1639 70000 SH SOLE 70000 0 0 Citigroup Inc. Common 172967424 2037 42000 SH SOLE 42000 0 0 Clarion Global Real Est Inc Common 12504G100 2229 275577 SH SOLE 275577 0 0 Clough Global Allocat. Fd Sh Ben Int 18913Y103 1186 77902 SH SOLE 77902 0 0 Clough Global Equity Fund Common 18914C100 314 20848 SH SOLE 20848 0 0 Clough Global Opps. Fund Sh Ben Int 18914E106 173 13473 SH SOLE 13473 0 0 Coca-Cola Company Common 191216100 1364 36000 SH SOLE 36000 0 0 Cohen & Steers Div Mjrs Fd Inc Common 19248G106 811 59354 SH SOLE 59354 0 0 Cohen & Steers Infrastr Fd Common 19248A109 475 24085 SH SOLE 24085 0 0 Cohen & Steers Quality Common 19247L106 1653 169143 SH SOLE 169143 0 0 Cohen & Steers REIT & Pfd Common 19247X100 4181 269566 SH SOLE 269566 0 0 Cohen & Steers Total Common 19247R103 131 10600 SH SOLE 10600 0 0 Comcast cl A Common, Cl A 20030N101 2439 54025 SH SOLE 54025 0 0 ConocoPhillips Common 20825C104 2083 29974 SH SOLE 29974 0 0 Consolidated Edison, Inc. Common 209115104 248 4500 SH SOLE 4500 0 0 Corning Inc. Common 219350105 219 15000 SH SOLE 15000 0 0 Costco Wholesale Corp Common 22160K105 576 5000 SH SOLE 5000 0 0 Cutwater Select Income Fund Common 232229104 364 20481 SH SOLE 20481 0 0 CVS Caremark Corp. Common 126650100 989 17430 SH SOLE 17430 0 0 Deere & Company Common 244199105 1058 13000 SH SOLE 13000 0 0 Delaware Enhanced Glbl Div Common 246060107 3256 273650 SH SOLE 273650 0 0 DIRECTV Common 25490A309 717 12000 SH SOLE 12000 0 0 Discover Financial Services Common 254709108 505 10000 SH SOLE 10000 0 0 Dow Chemical Company Common 260543103 1056 27500 SH SOLE 27500 0 0 Duff & Phelps Glbl Utl Inc Fnd Common 26433C105 1972 105420 SH SOLE 105420 0 0 DWS Hi Incm Opportunities Fd Common 23339M204 2062 145731 SH SOLE 145731 0 0 Eaton Vance Natl Muni Opps Tr Common 27829L105 390 20775 SH SOLE 20775 0 0 eBay Inc. Common 278642103 1060 19000 SH SOLE 19000 0 0 Ecolab Inc Common 278865100 444 4500 SH SOLE 4500 0 0 Eli Lilly & Co. Common 532457108 1384 27500 SH SOLE 27500 0 0 EMC Corporation Common 268648102 383 15000 SH SOLE 15000 0 0 Emerson Electric Co. Common 291011104 453 7000 SH SOLE 7000 0 0 EOG Resources Inc Common 26875P101 1270 7500 SH SOLE 7500 0 0 Exelon Corp Common 30161N101 445 15000 SH SOLE 15000 0 0 Exxon Mobil Corporation Common 30231G102 4813 55936 SH SOLE 55936 0 0 Federated Enhanced Trsry In Fd Sh Ben Int 314162108 1136 88354 SH SOLE 88354 0 0 First Trust Dividend & Incm Fd Common 33731L100 365 43718 SH SOLE 43718 0 0 First Trust High Incm Lg/St Fd Common 33738E109 1073 61159 SH SOLE 61159 0 0 First Trust Mortgage Incm Fd Common 33734E103 878 57047 SH SOLE 57047 0 0 First Trust Strategic Fund II Common 337353106 1175 73877 SH SOLE 73877 0 0 Ford Motor Company Common 345370860 1046 62000 SH SOLE 62000 0 0 Franklin Resources, Inc. Common 354613101 682 13500 SH SOLE 13500 0 0 Gabelli Global Utly & Income Common 36242L105 276 14050 SH SOLE 14050 0 0 Gap Inc. Common 364760108 282 7000 SH SOLE 7000 0 0 GDL Fund (The) Sh Ben Int 361570104 159 14068 SH SOLE 14068 0 0 General American Investors Co. Common 368802104 3118 91343 SH SOLE 91343 0 0 General Dynamics Corp. Common 369550108 700 8000 SH SOLE 8000 0 0 General Electric Company Common 369604103 4874 204000 SH SOLE 204000 0 0 General Mills Inc. Common 370334104 383 8000 SH SOLE 8000 0 0 Goldman Sachs Group Inc Common 38141G104 475 3000 SH SOLE 3000 0 0 Google Inc Common 38259P508 1752 2000 SH SOLE 2000 0 0 Greater China Fund Common 39167B102 1160 101849 SH SOLE 101849 0 0 Guggenheim Eql Wt Eqty Incm Fd Common 40167M106 1152 66259 SH SOLE 66259 0 0 Hess Corporation Common 42809H107 309 4000 SH SOLE 4000 0 0 Hewlett-Packard Co Common 428236103 659 31400 SH SOLE 31400 0 0 Home Depot Inc. Common 437076102 2511 33100 SH SOLE 33100 0 0 Honeywell Intl Inc Common 438516106 747 9000 SH SOLE 9000 0 0 IBM Corp Common 459200101 3259 17600 SH SOLE 17600 0 0 India Fund, Inc. Common 454089103 5251 274211 SH SOLE 274211 0 0 Ing APEC High Div Eqty Inc Fd Common 44983J107 638 47600 SH SOLE 47600 0 0 ING Risk Managed Nat'l Res Common 449810100 495 49371 SH SOLE 49371 0 0 Intel Corporation Common 458140100 458 20000 SH SOLE 20000 0 0 International Paper Co. Common 460146103 282 6300 SH SOLE 6300 0 0 Invesco Bond Fund Common 46132L107 939 53535 SH SOLE 53535 0 0 Invesco Municipal Opportnty Tr Common 46132C107 1216 103200 SH SOLE 103200 0 0 Invesco Municipal Trust Common 46131J103 190 16200 SH SOLE 16200 0 0 Invesco Qual Muni Incm Tr Common 46133G107 377 32594 SH SOLE 32594 0 0 iShares Core S&P 500 ETF ETF 464287200 6756 40000 SH SOLE 40000 0 0 John Hancock Prem Div Fd Common 41013T105 1464 122287 SH SOLE 122287 0 0 John Hancock Tax-Adv Div Fund Common 41013V100 586 33687 SH SOLE 33687 0 0 Johnson & Johnson Common 478160104 4031 46500 SH SOLE 46500 0 0 Johnson Controls, Inc. Common 478366107 623 15000 SH SOLE 15000 0 0 JPMorgan Chase & Co Common 46625H100 3946 76332 SH SOLE 76332 0 0 Kellogg Company Common 487836108 294 5000 SH SOLE 5000 0 0 Kimberly-Clark Corp. Common 494368103 283 3000 SH SOLE 3000 0 0 Kroger Company Common 501044101 403 10000 SH SOLE 10000 0 0 LMP Capital and Income Fund Common 50208A102 297 20000 SH SOLE 20000 0 0 LMP Real Estate Income Fd Inc Common 50208C108 423 40212 SH SOLE 40212 0 0 Lockheed Martin Corp. Common 539830109 1212 9500 SH SOLE 9500 0 0 Lowes Companies Inc. Common 548661107 333 7000 SH SOLE 7000 0 0 Macy's Inc. Common 55616P104 389 9000 SH SOLE 9000 0 0 Marathon Oil Corp Common 565849106 415 11900 SH SOLE 11900 0 0 Marsh & McLennan Company Inc Common 571748102 523 12000 SH SOLE 12000 0 0 Mastercard Inc. Common 57636Q104 807 1200 SH SOLE 1200 0 0 McDonald's Corp. Common 580135101 481 5000 SH SOLE 5000 0 0 McKesson Corp Common 58155Q103 488 3800 SH SOLE 3800 0 0 Medtronic Inc. Common 585055106 1012 19000 SH SOLE 19000 0 0 Merck & Co. Inc. Common 58933Y105 1060 22267 SH SOLE 22267 0 0 MetLife, Inc. Common 59156R108 1009 21500 SH SOLE 21500 0 0 MFS Charter Inco Tr Sh Ben Int 552727109 358 40028 SH SOLE 40028 0 0 MFS High Income Municipal Trus Common 59318D104 421 90705 SH SOLE 90705 0 0 MFS Intermediate High Income F Common 59318T109 96 34619 SH SOLE 34619 0 0 MFS Intermediate Incme Tr Common 55273C107 591 111252 SH SOLE 111252 0 0 MFS Invstmt Grade Muni Trust Common 59318B108 301 34606 SH SOLE 34606 0 0 Microsoft Corporation Common 594918104 3324 99800 SH SOLE 99800 0 0 Morgan Stanley Common 617446448 243 9000 SH SOLE 9000 0 0 MS China A Fund Common 617468103 371 16800 SH SOLE 16800 0 0 MS Emerging Mkts Debt Fund Common 617477104 1147 81355 SH SOLE 81355 0 0 MS Inco Secs Common 61745P874 590 35505 SH SOLE 35505 0 0 MS Thai Fund Common 882904105 1193 60033 SH SOLE 60033 0 0 MS Turkish Invest Fund Common 900145103 1085 72157 SH SOLE 72157 0 0 MSDW India Invest Common 61745C105 3677 243977 SH SOLE 243977 0 0 Neuberger Berman High Yd St Fd Common 64128C106 1561 119521 SH SOLE 119521 0 0 Neuberger Berman Real Est Sec Common 64190A103 1975 437960 SH SOLE 437960 0 0 New Germany Fund Common 644465106 374 18145 SH SOLE 18145 0 0 New Ireland Fund Inc Common 645673104 359 30513 SH SOLE 30513 0 0 NextEra Energy, Inc. Common 65339F101 481 6000 SH SOLE 6000 0 0 Nike Inc cl B Common 654106103 872 12000 SH SOLE 12000 0 0 Nuv Div Adv Mun Fd 2 Common 67070F100 2110 162646 SH SOLE 162646 0 0 Nuv Div Adv Mun Fd 3 Sh Ben Int 67070X101 2617 206076 SH SOLE 206076 0 0 Nuv Diver Div & Income Common 6706EP105 116 10368 SH SOLE 10368 0 0 Nuv Mun Adv Fund Common 67062H106 593 47415 SH SOLE 47415 0 0 Nuv Mun Mkt Opp Fd Common 67062W103 301 24518 SH SOLE 24518 0 0 Nuv Qlty Inc Mun Fd Common 670977107 1381 109530 SH SOLE 109530 0 0 Nuv Qlty Pfd Inc 3 Common 67072W101 861 109146 SH SOLE 109146 0 0 Nuv Qlty Pref Inc Common 67071S101 88 11700 SH SOLE 11700 0 0 Nuv Sel Qlty Mun Fd Common 670973106 1283 101050 SH SOLE 101050 0 0 Nuveen Bld America Bnd Opp Fd Common 67074Q102 931 50237 SH SOLE 50237 0 0 Nuveen Div Adv Muni Incm Fd Common 67071L106 789 62170 SH SOLE 62170 0 0 Nuveen Diversfd Commodity Fd Common 67074P104 653 39470 SH SOLE 39470 0 0 Nuveen Diversified Currency Op Common 67090N109 2810 268148 SH SOLE 268148 0 0 Nuveen Global Value Opp Common 6706EH103 1091 84023 SH SOLE 84023 0 0 Omnicom Group Inc Common 681919106 285 4500 SH SOLE 4500 0 0 Oracle Corporation Common 68389X105 1687 50872 SH SOLE 50872 0 0 Petroleum & Resource Corp. Common 716549100 3135 115848 SH SOLE 115848 0 0 Pfizer Inc. Common 717081103 473 16462 SH SOLE 16462 0 0 Phillips 66 Common 718546104 606 10487 SH SOLE 10487 0 0 PPG Industries Inc. Common 693506107 334 2000 SH SOLE 2000 0 0 Precision Castparts Corp Common 740189105 795 3500 SH SOLE 3500 0 0 Prudential Financial Inc Common 744320102 702 9000 SH SOLE 9000 0 0 Public Service Enterprise Grp Common 744573106 346 10500 SH SOLE 10500 0 0 Putnam High Income Sec Common 746779107 726 92221 SH SOLE 92221 0 0 Putnam Master Intrmt Incm Trst Sh Ben Int 746909100 269 55158 SH SOLE 55158 0 0 Putnam Prem Inc Tr Sh Ben Int 746853100 980 186314 SH SOLE 186314 0 0 Qualcomm Inc. Common 747525103 1448 21500 SH SOLE 21500 0 0 Reaves Utility Income Fund Sh Ben Int 756158101 7830 312322 SH SOLE 312322 0 0 RMR Real Estate Income Fund Common 76970B101 473 27205 SH SOLE 27205 0 0 Schlumberger Ltd. Common 806857108 2076 23500 SH SOLE 23500 0 0 Singapore Fund Common 82929L109 828 63514 SH SOLE 63514 0 0 Southern Company Common 842587107 494 12000 SH SOLE 12000 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 6724 40000 SH SOLE 40000 0 0 St. Jude Medical Inc. Common 790849103 268 5000 SH SOLE 5000 0 0 Starbucks Corporation Common 855244109 539 7000 SH SOLE 7000 0 0 State Street Corp Common 857477103 329 5000 SH SOLE 5000 0 0 SunTrust Banks, Inc. Common 867914103 357 11000 SH SOLE 11000 0 0 Swiss Helvetia Fund Common 870875101 1385 97412 SH SOLE 97412 0 0 Taiwan Fund Common 874036106 681 38050 SH SOLE 38050 0 0 Templeton Dragon Common 88018T101 1749 67184 SH SOLE 67184 0 0 Templeton Rus & East Euro Common 88022F105 520 35490 SH SOLE 35490 0 0 Thermo Fisher Scientific, Inc. Common 883556102 276 3000 SH SOLE 3000 0 0 Time Warner Cable Inc. Common 88732J207 446 4000 SH SOLE 4000 0 0 Time Warner Inc Common 887317303 945 14366 SH SOLE 14366 0 0 TJX Companies Inc. Common 872540109 1015 18000 SH SOLE 18000 0 0 Transamerica Inc Shrs Common 893506105 690 33802 SH SOLE 33802 0 0 Tri-Continental Corp. Common 895436103 1422 77642 SH SOLE 77642 0 0 Twenty-First Cent Fox Inc Cl B Common, Cl B 90130A200 251 7500 SH SOLE 7500 0 0 Union Pacific Corp. Common 907818108 1010 6500 SH SOLE 6500 0 0 Verizon Communications, Inc. Common 92343V104 2240 48000 SH SOLE 48000 0 0 Viacom Inc cl B Common, Cl B 92553P201 497 5950 SH SOLE 5950 0 0 Virtus Total Return Fund Common 92829A103 541 137739 SH SOLE 137739 0 0 VISA Inc. Common 92826C839 1911 10000 SH SOLE 10000 0 0 W. Asset Claymore Infl-link Op Common 95766R104 1162 100155 SH SOLE 100155 0 0 W. Asset High Income Opp Fund Common 95766K109 242 40489 SH SOLE 40489 0 0 W. Asset Muni. High Income Fnd Common 95766N103 87 12822 SH SOLE 12822 0 0 W. Asset/Claymore Infl-linked Sh Ben Int 95766Q106 599 51478 SH SOLE 51478 0 0 Walgreen Company Common 931422109 1130 21000 SH SOLE 21000 0 0 Wal-Mart Stores, Inc. Common 931142103 5303 71700 SH SOLE 71700 0 0 Walt Disney Company Common 254687106 1851 28700 SH SOLE 28700 0 0 Waste Management Inc. Common 94106L109 247 6000 SH SOLE 6000 0 0 WellPoint, Inc. Common 94973V107 752 9000 SH SOLE 9000 0 0 Wells Fargo & Co Common 949746101 3339 80800 SH SOLE 80800 0 0 Wells Fargo Adv Global Div Opp Common 94987C103 1345 185994 SH SOLE 185994 0 0 Western Asset Income Fund Common 95766T100 271 21355 SH SOLE 21355 0 0 Weyerhaeuser Co Common 962166104 315 11000 SH SOLE 11000 0 0 Xcel Energy Inc Common 98389B100 262 9500 SH SOLE 9500 0 0 Yahoo! Inc. Common 984332106 597 18000 SH SOLE 18000 0 0 Zweig Fund, Inc. Common 989834205 797 59061 SH SOLE 59061 0 0 Zweig Total Return Common 989837208 3998 305178 SH SOLE 305178 0 0