0001398344-15-003199.txt : 20150511 0001398344-15-003199.hdr.sgml : 20150511 20150511161542 ACCESSION NUMBER: 0001398344-15-003199 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150331 FILED AS OF DATE: 20150511 DATE AS OF CHANGE: 20150511 EFFECTIVENESS DATE: 20150511 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: 15850918 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 03-31-2015 03-31-2015 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 05-11-2015 0 242 484305 INFORMATION TABLE 2 fp0014386_13fhr-table.xml 13F INFORMATION TABLE Abbott Laboratories Common 002824100 1677 36200 SH SOLE 36200 0 0 AbbVie Inc. Common 00287Y109 1300 22200 SH SOLE 22200 0 0 Aberdeen Australia Eq Fd Common 003011103 2762 386279 SH SOLE 386279 0 0 Aberdeen Chile Fund, Inc. Common 168834109 1433 191515 SH SOLE 191515 0 0 Aberdeen Greater China Fd, Inc Common 003031101 621 60482 SH SOLE 60482 0 0 Aberdeen Singapore Fund, Inc. Common 003244100 492 43301 SH SOLE 43301 0 0 ACE Limited Common H0023R105 780 7000 SH SOLE 7000 0 0 Actavis Plc Common G0083B108 2584 8683 SH SOLE 8683 0 0 Adams Express Co. Common 006212104 5266 377233 SH SOLE 377233 0 0 Advent Claymore Enh Gwth&Incm Common 00765E104 1420 150741 SH SOLE 150741 0 0 AES Corporation Common 00130H105 162 12600 SH SOLE 12600 0 0 Aetna Inc. Common 00817Y108 1491 14000 SH SOLE 14000 0 0 AFLAC Inc. Common 001055102 352 5500 SH SOLE 5500 0 0 Air Products & Chemicals Common 009158106 303 2000 SH SOLE 2000 0 0 AllianceBern Global High Inc Common 01879R106 1413 112427 SH SOLE 112427 0 0 AllianzGI Equity & Convertible Common 018829101 630 31812 SH SOLE 31812 0 0 AllianzGI NFJ Dividend Inte Fd Common 01883A107 10016 613742 SH SOLE 613742 0 0 Allstate Corporation Common 020002101 285 4000 SH SOLE 4000 0 0 Alpine Global Dynamic Div Common 02082E205 2319 224905 SH SOLE 224905 0 0 Alpine Global Premier Prop Fd Sh Ben Int 02083A103 7842 1146471 SH SOLE 1146471 0 0 Alpine Total Dynamic Div. Sh Ben Int 021060207 9489 1064929 SH SOLE 1064929 0 0 Altria Group Inc Common 02209S103 850 17000 SH SOLE 17000 0 0 American Electric Power Common 025537101 225 4000 SH SOLE 4000 0 0 American Express Co. Common 025816109 1406 18000 SH SOLE 18000 0 0 American Intl Group, Inc. Common 026874784 438 8000 SH SOLE 8000 0 0 Ameriprise Financial, Inc. Common 03076C106 523 4000 SH SOLE 4000 0 0 Amgen Inc. Common 031162100 3804 23800 SH SOLE 23800 0 0 Anthem, Inc. Common 036752103 1699 11000 SH SOLE 11000 0 0 Aon Corp cl A Common, Cl A G0408V102 1057 11000 SH SOLE 11000 0 0 Apple Inc. Common 037833100 16462 132300 SH SOLE 132300 0 0 Archer Daniels Midland Common 039483102 995 21000 SH SOLE 21000 0 0 AT&T Inc. Common 00206R102 1392 42628 SH SOLE 42628 0 0 Bank of New York Mellon Corp. Common 064058100 241 6000 SH SOLE 6000 0 0 Baxter International Common 071813109 1349 19700 SH SOLE 19700 0 0 Berkshire Hathaway cl B Common, Cl B 084670702 3608 25000 SH SOLE 25000 0 0 Biogen Inc. Common 09062X103 844 2000 SH SOLE 2000 0 0 BlackRock Corp High Yd Fd, Inc Common 09255P107 3126 280109 SH SOLE 280109 0 0 BlackRock Debt Strat. Fd Common 09255R103 919 246434 SH SOLE 246434 0 0 Blackrock Global Opportunities Common 092501105 8938 643926 SH SOLE 643926 0 0 Blackrock Inc. Common 09247X101 1280 3500 SH SOLE 3500 0 0 Blackrock Intl Growth & Inc Tr Sh Ben Int 092524107 1447 204156 SH SOLE 204156 0 0 Blackrock Resources&Commod. Common 09257A108 16076 1681602 SH SOLE 1681602 0 0 BlackRock Util and Infra Trust Common 09248D104 1035 52790 SH SOLE 52790 0 0 Boeing Company Common 097023105 1351 9000 SH SOLE 9000 0 0 Capital One Financial Corp. Common 14040H105 552 7000 SH SOLE 7000 0 0 Cardinal Health Inc. Common 14149Y108 542 6000 SH SOLE 6000 0 0 Caterpillar Inc Common 149123101 1361 17000 SH SOLE 17000 0 0 CBS Corp. cl B Common, Cl B 124857202 243 4000 SH SOLE 4000 0 0 Chevron Corp Common 166764100 1050 10000 SH SOLE 10000 0 0 China Fund Common 169373107 1314 67890 SH SOLE 67890 0 0 Cigna Corporation Common 125509109 906 7000 SH SOLE 7000 0 0 Cisco Systems Inc. Common 17275R102 3028 110000 SH SOLE 110000 0 0 Clarion Global Real Est Inc Common 12504G100 11381 1271663 SH SOLE 1271663 0 0 Clear Bridge Engy MLP Opp Fd Common 18469P100 4016 191626 SH SOLE 191626 0 0 ClearBridge Energy MLP TR Fd Common 18469Q108 5854 294629 SH SOLE 294629 0 0 ClearBridge Enrgy MLP Fd Common 184692101 6132 245674 SH SOLE 245674 0 0 Clough Global Allocat. Fd Sh Ben Int 18913Y103 1276 84532 SH SOLE 84532 0 0 Clough Global Opps. Fund Sh Ben Int 18914E106 964 77334 SH SOLE 77334 0 0 Cognizant Tech Solutions Common 192446102 811 13000 SH SOLE 13000 0 0 Cohen & Steers Infrastr Fd Common 19248A109 1937 85264 SH SOLE 85264 0 0 Cohen & Steers Quality Common 19247L106 12037 969154 SH SOLE 969154 0 0 Cohen & Steers REIT & Pfd Common 19247X100 12971 666893 SH SOLE 666893 0 0 Cohen & Steers Total Rtn Rlty Common 19247R103 4667 340879 SH SOLE 340879 0 0 Comcast cl A Common, Cl A 20030N101 4519 80025 SH SOLE 80025 0 0 Comcast cl A Special Cl A Special 20030N200 238 4250 SH SOLE 4250 0 0 ConocoPhillips Common 20825C104 1866 29974 SH SOLE 29974 0 0 Corning Inc. Common 219350105 204 9000 SH SOLE 9000 0 0 Costco Wholesale Corp Common 22160K105 757 5000 SH SOLE 5000 0 0 Credit Suisse Asset Mgmt Fd Common 224916106 105 32850 SH SOLE 32850 0 0 CSX Corporation Common 126408103 662 20000 SH SOLE 20000 0 0 CVS Health Corporation Common 126650100 4297 41630 SH SOLE 41630 0 0 Deere & Company Common 244199105 1140 13000 SH SOLE 13000 0 0 Delaware Enhanced Glbl Div Common 246060107 3486 303906 SH SOLE 303906 0 0 Delphi Automotive PLC Common G27823106 399 5000 SH SOLE 5000 0 0 Delta Air Lines, Inc. Common 247361702 989 22000 SH SOLE 22000 0 0 Deutsche Hi Inc Oppor Fd, Inc. Common 25158Y102 2053 142970 SH SOLE 142970 0 0 Deutsche High Income Trust Common 25155R100 148 16670 SH SOLE 16670 0 0 Deutsche Multi-Market Incm Tr Common 25160E102 1861 219998 SH SOLE 219998 0 0 Deutsche Strategic Income Trus Common 25160F109 682 58024 SH SOLE 58024 0 0 Devon Energy Corp Common 25179M103 814 13500 SH SOLE 13500 0 0 DIRECTV Common 25490A309 1149 13500 SH SOLE 13500 0 0 Discover Financial Services Common 254709108 394 7000 SH SOLE 7000 0 0 Dow Chemical Company Common 260543103 1943 40500 SH SOLE 40500 0 0 Duff & Phelps Glbl Utl Inc Fnd Common 26433C105 4075 206307 SH SOLE 206307 0 0 Eaton Vance Rsk Mgned Dv Fd Common 27829G106 5290 488928 SH SOLE 488928 0 0 eBay Inc. Common 278642103 865 15000 SH SOLE 15000 0 0 Ecolab Inc Common 278865100 858 7500 SH SOLE 7500 0 0 EMC Corporation Common 268648102 332 13000 SH SOLE 13000 0 0 EOG Resources Inc Common 26875P101 1742 19000 SH SOLE 19000 0 0 Exelon Corp Common 30161N101 807 24000 SH SOLE 24000 0 0 Express Scripts Holding Co. Common 30219G108 1041 12000 SH SOLE 12000 0 0 Exxon Mobil Corporation Common 30231G102 6030 70936 SH SOLE 70936 0 0 Facebook, Inc. cl A Common, Cl A 30303M102 1727 21000 SH SOLE 21000 0 0 FedEx Corp Common 31428X106 993 6000 SH SOLE 6000 0 0 Fifth Third Bancorp Common 316773100 386 20500 SH SOLE 20500 0 0 First Trust Energy Infra Fund Common 33738C103 1767 77559 SH SOLE 77559 0 0 First Trust High Incm Lg/St Fd Common 33738E109 577 35239 SH SOLE 35239 0 0 First Trust Mortgage Incm Fd Common 33734E103 420 28308 SH SOLE 28308 0 0 Ford Motor Company Common 345370860 1307 81000 SH SOLE 81000 0 0 Franklin Resources, Inc. Common 354613101 872 17000 SH SOLE 17000 0 0 Franklin Universal Trust Sh Ben Int 355145103 268 37015 SH SOLE 37015 0 0 Gabelli Equity Trust Common 362397101 4779 735305 SH SOLE 735305 0 0 Gabelli Global Utly & Income Common 36242L105 969 52289 SH SOLE 52289 0 0 Gabelli Healthcare&Wellness Common 36246K103 990 87880 SH SOLE 87880 0 0 GAMCO Global Gold Natural Res Sh Ben Int 36465A109 583 83820 SH SOLE 83820 0 0 GAMCO Natural Resources Gold Common 36465E101 1856 232579 SH SOLE 232579 0 0 Gap Inc. Common 364760108 303 7000 SH SOLE 7000 0 0 GDL Fund (The) Sh Ben Int 361570104 2794 270249 SH SOLE 270249 0 0 General American Investors Co. Common 368802104 2880 82321 SH SOLE 82321 0 0 General Dynamics Corp. Common 369550108 407 3000 SH SOLE 3000 0 0 General Electric Company Common 369604103 6078 245000 SH SOLE 245000 0 0 Gilead Sciences Inc. Common 375558103 1374 14000 SH SOLE 14000 0 0 Global High Income Fund Inc. Common 37933G108 1972 225321 SH SOLE 225321 0 0 Goldman Sachs Group Inc Common 38141G104 658 3500 SH SOLE 3500 0 0 Google Inc Class A Common 38259P508 1664 3000 SH SOLE 3000 0 0 Google Inc. Class C Common 38259P706 1644 3000 SH SOLE 3000 0 0 Guggenheim Enh Eqty Strategy Common 40167K100 894 50837 SH SOLE 50837 0 0 Guggenheim Eql Wt Eqty Incm Fd Common 40167M106 307 15746 SH SOLE 15746 0 0 Halliburton Company Common 406216101 351 8000 SH SOLE 8000 0 0 Hewlett-Packard Co Common 428236103 386 12400 SH SOLE 12400 0 0 Home Depot Inc. Common 437076102 3533 31100 SH SOLE 31100 0 0 Honeywell Intl Inc Common 438516106 2399 23000 SH SOLE 23000 0 0 IBM Corp Common 459200101 2745 17100 SH SOLE 17100 0 0 Intel Corporation Common 458140100 3377 108000 SH SOLE 108000 0 0 International Paper Co. Common 460146103 405 7300 SH SOLE 7300 0 0 Invesco High Income Trust II Common 46131F101 162 10684 SH SOLE 10684 0 0 Invesco Senior Income Trust Common 46131H107 1146 241758 SH SOLE 241758 0 0 iShares Core S&P 500 ETF ETF 464287200 9976 48000 SH SOLE 48000 0 0 Japan Equity Fd Common 00306J109 322 39782 SH SOLE 39782 0 0 Japan Smaller Cap Fd Inc Common 47109U104 130 13109 SH SOLE 13109 0 0 John Hancock Financial Opportu Sh Ben Int 409735206 2915 124569 SH SOLE 124569 0 0 Johnson & Johnson Common 478160104 2163 21500 SH SOLE 21500 0 0 Johnson Controls, Inc. Common 478366107 1059 21000 SH SOLE 21000 0 0 JPMorgan Chase & Co Common 46625H100 4624 76332 SH SOLE 76332 0 0 JPMorgan China Region Fund Common 48126T104 195 10867 SH SOLE 10867 0 0 Kellogg Company Common 487836108 528 8000 SH SOLE 8000 0 0 Kinder Morgan Inc cl P Common 49456B101 715 17000 SH SOLE 17000 0 0 Kraft Foods Group Inc Common 50076Q106 436 5000 SH SOLE 5000 0 0 Kroger Company Common 501044101 1533 20000 SH SOLE 20000 0 0 Lazard World Div & Incme Fd Common 521076109 153 12100 SH SOLE 12100 0 0 Liberty All Star Equity Fd Common 530158104 6307 1079994 SH SOLE 1079994 0 0 Liberty All Star Growth Fund Common 529900102 942 181132 SH SOLE 181132 0 0 LMP Capital and Income Fund Common 50208A102 664 39674 SH SOLE 39674 0 0 LMP Real Estate Income Fd Inc Common 50208C108 1685 129383 SH SOLE 129383 0 0 Lockheed Martin Corp. Common 539830109 1928 9500 SH SOLE 9500 0 0 Lowes Companies Inc. Common 548661107 670 9000 SH SOLE 9000 0 0 LyondellBasell Industries cl A Common, Cl A N53745100 878 10000 SH SOLE 10000 0 0 Macy's Inc. Common 55616P104 844 13000 SH SOLE 13000 0 0 Madison Strtg Sec Prm fd Common 558268108 291 24161 SH SOLE 24161 0 0 Marsh & McLennan Company Inc Common 571748102 449 8000 SH SOLE 8000 0 0 McKesson Corp Common 58155Q103 1538 6800 SH SOLE 6800 0 0 Merck & Co. Inc. Common 58933Y105 3579 62267 SH SOLE 62267 0 0 MetLife, Inc. Common 59156R108 1693 33500 SH SOLE 33500 0 0 Mexico Fund Common 592835102 260 12118 SH SOLE 12118 0 0 MFS High Income Municipal Trus Common 59318D104 270 55654 SH SOLE 55654 0 0 MFS Intermediate High Income F Common 59318T109 98 35669 SH SOLE 35669 0 0 MFS Invstmt Grade Muni Trust Common 59318B108 253 26806 SH SOLE 26806 0 0 Microsoft Corporation Common 594918104 894 22000 SH SOLE 22000 0 0 Mondelez International Inc Common 609207105 1047 29000 SH SOLE 29000 0 0 Morgan Stanley Common 617446448 1963 55000 SH SOLE 55000 0 0 MS China A Fund Common 617468103 14205 431500 SH SOLE 431500 0 0 MS Thai Fund Common 882904105 512 58691 SH SOLE 58691 0 0 MS Turkish Invest Fund Common 900145103 984 102469 SH SOLE 102469 0 0 MSDW India Invest Common 61745C105 1734 62208 SH SOLE 62208 0 0 Neuberger Berman High Yd St Fd Common 64128C106 570 46181 SH SOLE 46181 0 0 Neuberger Berman Real Est Sec Common 64190A103 6084 1122549 SH SOLE 1122549 0 0 New Ireland Fund Inc Common 645673104 343 26320 SH SOLE 26320 0 0 NextEra Energy, Inc. Common 65339F101 624 6000 SH SOLE 6000 0 0 Norfolk Southern Corp Common 655844108 618 6000 SH SOLE 6000 0 0 Northrop Grumman Corp Common 666807102 966 6000 SH SOLE 6000 0 0 Nuv Div Adv Mun Fd 3 Sh Ben Int 67070X101 1342 94601 SH SOLE 94601 0 0 Nuv Diver Div & Income Common 6706EP105 963 78935 SH SOLE 78935 0 0 Nuv Qlty Pfd Inc 3 Common 67072W101 310 35765 SH SOLE 35765 0 0 Nuv Real Estate Inc Fd Common 67071B108 2207 185148 SH SOLE 185148 0 0 Nuv Sel Qlty Mun Fd Common 670973106 273 19397 SH SOLE 19397 0 0 Nuv Senior Income Fd Common 67067Y104 514 77117 SH SOLE 77117 0 0 Nuveen Credit Strategies Incm Common 67073D102 4749 524744 SH SOLE 524744 0 0 Nuveen Div Adv Muni Incm Fd Common 67071L106 180 12421 SH SOLE 12421 0 0 Nuveen Energy MLP Total Rtrn Common 67074U103 1228 67025 SH SOLE 67025 0 0 Nuveen Global Equity Income Fd Common 6706EH103 1883 146046 SH SOLE 146046 0 0 Nuveen Nasdaq 100 Dynam Overwr Common 670699107 3286 175265 SH SOLE 175265 0 0 Occidental Petroleum Corp Common 674599105 365 5000 SH SOLE 5000 0 0 Oracle Corporation Common 68389X105 5651 130972 SH SOLE 130972 0 0 PepsiCo, Inc. Common 713448108 1721 18000 SH SOLE 18000 0 0 Pfizer Inc. Common 717081103 538 15462 SH SOLE 15462 0 0 PG&E Corporation Common 69331C108 849 16000 SH SOLE 16000 0 0 Phillips 66 Common 718546104 1374 17487 SH SOLE 17487 0 0 PNC Financial Services Common 693475105 1212 13000 SH SOLE 13000 0 0 PPG Industries Inc. Common 693506107 1128 5000 SH SOLE 5000 0 0 PPL Corporation Common 69351T106 337 10000 SH SOLE 10000 0 0 Praxair, Inc. Common 74005P104 906 7500 SH SOLE 7500 0 0 Precision Castparts Corp Common 740189105 735 3500 SH SOLE 3500 0 0 Principal Financial Group Common 74251V102 205 4000 SH SOLE 4000 0 0 Prudential Financial Inc Common 744320102 1124 14000 SH SOLE 14000 0 0 Public Service Enterprise Grp Common 744573106 440 10500 SH SOLE 10500 0 0 Qualcomm Inc. Common 747525103 1768 25500 SH SOLE 25500 0 0 Raytheon Company Common 755111507 219 2000 SH SOLE 2000 0 0 RMR Real Estate Income Fund Common 76970B101 3120 146826 SH SOLE 146826 0 0 Royce Micro Cap Tr Common 780915104 211 21606 SH SOLE 21606 0 0 Schlumberger Ltd. Common 806857108 2295 27500 SH SOLE 27500 0 0 Source Capital Inc. Common 836144105 1431 19525 SH SOLE 19525 0 0 Southern Company Common 842587107 531 12000 SH SOLE 12000 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 10941 53000 SH SOLE 53000 0 0 Sprott Focus Trust, Inc. Common 85208J109 184 25305 SH SOLE 25305 0 0 St. Jude Medical Inc. Common 790849103 523 8000 SH SOLE 8000 0 0 Stryker Corp Common 863667101 277 3000 SH SOLE 3000 0 0 SunTrust Banks, Inc. 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Common 91913Y100 604 9500 SH SOLE 9500 0 0 Verizon Communications, Inc. Common 92343V104 5544 114000 SH SOLE 114000 0 0 Viacom Inc cl B Common, Cl B 92553P201 475 6950 SH SOLE 6950 0 0 Virtus Total Return Fund Common 92829A103 174 38454 SH SOLE 38454 0 0 Voya Asia Paci Hi Div Eqty Inc Common 92912J107 185 16008 SH SOLE 16008 0 0 Voya Emerg Mkts Hi Incm Div Eq Common 92912P108 3736 369526 SH SOLE 369526 0 0 Voya Global Eqty Div Prem Oppo Common 92912T100 1748 210123 SH SOLE 210123 0 0 Voya Infra Indus and Materials Common 92912X101 195 12600 SH SOLE 12600 0 0 Voya Intl Hi Div Eqty Incm Fd Common 92912Y109 466 57952 SH SOLE 57952 0 0 Voya Prime Rate Trust Common 92913A100 836 150898 SH SOLE 150898 0 0 W. Asset Managed High Inc Fund Common 95766L107 257 49725 SH SOLE 49725 0 0 W. Asset Worldwide Income Fund Common 957668106 168 14796 SH SOLE 14796 0 0 Walgreens Boots Alliance, Inc. Common 931427108 847 10000 SH SOLE 10000 0 0 Wal-Mart Stores, Inc. Common 931142103 6555 79700 SH SOLE 79700 0 0 Walt Disney Company Common 254687106 6262 59700 SH SOLE 59700 0 0 Waste Management Inc. Common 94106L109 325 6000 SH SOLE 6000 0 0 Wells Fargo & Co Common 949746101 6626 121800 SH SOLE 121800 0 0 Wells Fargo Adv Global Div Opp Common 94987C103 938 124520 SH SOLE 124520 0 0 Western Asset Emg Mkts Incm Fd Common 95766E103 1242 111805 SH SOLE 111805 0 0 Weyerhaeuser Co Common 962166104 365 11000 SH SOLE 11000 0 0 Xcel Energy Inc Common 98389B100 331 9500 SH SOLE 9500 0 0 Yahoo! Inc. Common 984332106 311 7000 SH SOLE 7000 0 0