0001398344-15-005140.txt : 20150811 0001398344-15-005140.hdr.sgml : 20150811 20150811160133 ACCESSION NUMBER: 0001398344-15-005140 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150630 FILED AS OF DATE: 20150811 DATE AS OF CHANGE: 20150811 EFFECTIVENESS DATE: 20150811 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: 151043886 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 06-30-2015 06-30-2015 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 08-11-2015 0 211 448276 INFORMATION TABLE 2 fp0015375_13fhr-table.xml 13F INFORMATION TABLE Abbott Laboratories Common 002824100 1777 36200 SH SOLE 36200 0 0 AbbVie Inc. Common 00287Y109 1492 22200 SH SOLE 22200 0 0 Aberdeen Australia Eq Fd Common 003011103 2870 446294 SH SOLE 446294 0 0 Aberdeen Chile Fund, Inc. Common 168834109 1344 188715 SH SOLE 188715 0 0 Aberdeen Greater China Fd, Inc Common 003031101 703 69349 SH SOLE 69349 0 0 Aberdeen Singapore Fund, Inc. Common 003244100 464 41986 SH SOLE 41986 0 0 ACE Limited Common H0023R105 712 7000 SH SOLE 7000 0 0 Adams Express Co. Common 006212104 3800 272029 SH SOLE 272029 0 0 Advent Claymore Enh Gwth&Incm Common 00765E104 1572 173300 SH SOLE 173300 0 0 AES Corporation Common 00130H105 167 12600 SH SOLE 12600 0 0 Aetna Inc. Common 00817Y108 1784 14000 SH SOLE 14000 0 0 Air Products & Chemicals Common 009158106 274 2000 SH SOLE 2000 0 0 Allergan plc. Common G0177J108 2634 8681 SH SOLE 8681 0 0 AllianceBern Global High Inc Common 01879R106 1351 112427 SH SOLE 112427 0 0 AllianzGI NFJ Dividend Inte Fd Common 01883A107 9165 606181 SH SOLE 606181 0 0 Allstate Corporation Common 020002101 259 4000 SH SOLE 4000 0 0 Alpine Global Dynamic Div Common 02082E205 2508 253345 SH SOLE 253345 0 0 Alpine Global Premier Prop Fd Sh Ben Int 02083A103 7418 1146471 SH SOLE 1146471 0 0 Alpine Total Dynamic Div. Sh Ben Int 021060207 9950 1151593 SH SOLE 1151593 0 0 Altria Group Inc Common 02209S103 831 17000 SH SOLE 17000 0 0 American Electric Power Common 025537101 212 4000 SH SOLE 4000 0 0 American Express Co. Common 025816109 1554 20000 SH SOLE 20000 0 0 American Intl Group, Inc. Common 026874784 495 8000 SH SOLE 8000 0 0 Ameriprise Financial, Inc. Common 03076C106 500 4000 SH SOLE 4000 0 0 Amgen Inc. Common 031162100 3654 23800 SH SOLE 23800 0 0 Anthem, Inc. Common 036752103 1806 11000 SH SOLE 11000 0 0 Aon Corp cl A Common, Cl A G0408V102 1096 11000 SH SOLE 11000 0 0 Apple Inc. Common 037833100 16594 132300 SH SOLE 132300 0 0 Archer Daniels Midland Common 039483102 1013 21000 SH SOLE 21000 0 0 AT&T Inc. Common 00206R102 625 17589 SH SOLE 17589 0 0 Bank of New York Mellon Corp. Common 064058100 252 6000 SH SOLE 6000 0 0 Berkshire Hathaway cl B Common, Cl B 084670702 3403 25000 SH SOLE 25000 0 0 BlackRock Corp High Yd Fd, Inc Common 09255P107 3022 280109 SH SOLE 280109 0 0 BlackRock Debt Strat. Fd Common 09255R103 892 246434 SH SOLE 246434 0 0 Blackrock Global Opportunities Common 092501105 7380 536753 SH SOLE 536753 0 0 Blackrock Inc. Common 09247X101 1211 3500 SH SOLE 3500 0 0 Blackrock Resources&Commod. Common 09257A108 14527 1592920 SH SOLE 1592920 0 0 BlackRock Util and Infra Trust Common 09248D104 1180 65031 SH SOLE 65031 0 0 Boeing Company Common 097023105 1248 9000 SH SOLE 9000 0 0 Brookfield Global Infr Incm Fd Common 11273Q109 403 24377 SH SOLE 24377 0 0 Capital One Financial Corp. Common 14040H105 792 9000 SH SOLE 9000 0 0 Cardinal Health Inc. Common 14149Y108 502 6000 SH SOLE 6000 0 0 CBS Corp. cl B Common, Cl B 124857202 222 4000 SH SOLE 4000 0 0 Celgene Corp. Common 151020104 1157 10000 SH SOLE 10000 0 0 Chevron Corp Common 166764100 965 10000 SH SOLE 10000 0 0 China Fund Common 169373107 2237 112578 SH SOLE 112578 0 0 Cigna Corporation Common 125509109 1134 7000 SH SOLE 7000 0 0 Cisco Systems Inc. Common 17275R102 3021 110000 SH SOLE 110000 0 0 Clarion Global Real Est Inc Common 12504G100 10506 1319863 SH SOLE 1319863 0 0 Clear Bridge Engy MLP Opp Fd Common 18469P100 5633 300904 SH SOLE 300904 0 0 ClearBridge Energy MLP TR Fd Common 18469Q108 7281 398308 SH SOLE 398308 0 0 ClearBridge Enrgy MLP Fd Common 184692101 5885 253026 SH SOLE 253026 0 0 Clough Global Allocat. Fd Sh Ben Int 18913Y103 514 34857 SH SOLE 34857 0 0 Cohen & Steers Infrastr Fd Common 19248A109 2940 139845 SH SOLE 139845 0 0 Cohen & Steers Quality Common 19247L106 8706 814381 SH SOLE 814381 0 0 Cohen & Steers REIT & Pfd Common 19247X100 12587 719645 SH SOLE 719645 0 0 Cohen & Steers Total Rtn Rlty Common 19247R103 1982 162993 SH SOLE 162993 0 0 Comcast cl A Common, Cl A 20030N101 4813 80025 SH SOLE 80025 0 0 Comcast cl A Special Cl A Special 20030N200 255 4250 SH SOLE 4250 0 0 ConocoPhillips Common 20825C104 1595 25974 SH SOLE 25974 0 0 Costco Wholesale Corp Common 22160K105 1080 8000 SH SOLE 8000 0 0 Credit Suisse Asset Mgmt Fd Common 224916106 105 32850 SH SOLE 32850 0 0 CSX Corporation Common 126408103 653 20000 SH SOLE 20000 0 0 CVS Health Corporation Common 126650100 4366 41630 SH SOLE 41630 0 0 Deere & Company Common 244199105 340 3500 SH SOLE 3500 0 0 Delaware Enhanced Glbl Div Common 246060107 3482 322106 SH SOLE 322106 0 0 Delta Air Lines, Inc. Common 247361702 904 22000 SH SOLE 22000 0 0 Deutsche Hi Inc Oppor Fd, Inc. Common 25158Y102 1280 87665 SH SOLE 87665 0 0 Deutsche Multi-Market Incm Tr Common 25160E102 1770 218298 SH SOLE 218298 0 0 Deutsche Strategic Income Trus Common 25160F109 645 58024 SH SOLE 58024 0 0 DIRECTV Common 25490A309 789 8500 SH SOLE 8500 0 0 Discover Financial Services Common 254709108 605 10500 SH SOLE 10500 0 0 Dow Chemical Company Common 260543103 2072 40500 SH SOLE 40500 0 0 Duff & Phelps Glbl Utl Inc Fnd Common 26433C105 3527 199064 SH SOLE 199064 0 0 Eaton Vance Rsk Mgned Dv Fd Common 27829G106 3333 308340 SH SOLE 308340 0 0 eBay Inc. Common 278642103 241 4000 SH SOLE 4000 0 0 Ecolab Inc Common 278865100 848 7500 SH SOLE 7500 0 0 EMC Corporation Common 268648102 343 13000 SH SOLE 13000 0 0 EOG Resources Inc Common 26875P101 1663 19000 SH SOLE 19000 0 0 Exelon Corp Common 30161N101 754 24000 SH SOLE 24000 0 0 Express Scripts Holding Co. Common 30219G108 1067 12000 SH SOLE 12000 0 0 Exxon Mobil Corporation Common 30231G102 5902 70936 SH SOLE 70936 0 0 Facebook, Inc. cl A Common, Cl A 30303M102 1630 19000 SH SOLE 19000 0 0 FedEx Corp Common 31428X106 1534 9000 SH SOLE 9000 0 0 Fifth Third Bancorp Common 316773100 427 20500 SH SOLE 20500 0 0 First Trust Dividend & Incm Fd Common 33731L100 239 28211 SH SOLE 28211 0 0 First Trust Energy Infra Fund Common 33738C103 1260 61159 SH SOLE 61159 0 0 Franklin Resources, Inc. Common 354613101 441 9000 SH SOLE 9000 0 0 Franklin Universal Trust Sh Ben Int 355145103 133 20622 SH SOLE 20622 0 0 Gabelli Dividend & Income Trst Common 36242H104 1097 52677 SH SOLE 52677 0 0 Gabelli Equity Trust Common 362397101 4386 700701 SH SOLE 700701 0 0 Gabelli Global Utly & Income Common 36242L105 1147 63285 SH SOLE 63285 0 0 Gabelli Multimedia Trust Inc. Common 36239Q109 235 25584 SH SOLE 25584 0 0 GAMCO Global Gold Natural Res Sh Ben Int 36465A109 1832 281379 SH SOLE 281379 0 0 GAMCO Natural Resources Gold Common 36465E101 2788 364444 SH SOLE 364444 0 0 GDL Fund (The) Sh Ben Int 361570104 3018 296130 SH SOLE 296130 0 0 General American Investors Co. Common 368802104 2947 84621 SH SOLE 84621 0 0 General Dynamics Corp. Common 369550108 850 6000 SH SOLE 6000 0 0 General Electric Company Common 369604103 4331 163000 SH SOLE 163000 0 0 Gilead Sciences Inc. Common 375558103 1873 16000 SH SOLE 16000 0 0 Global High Income Fund Inc. Common 37933G108 1719 202487 SH SOLE 202487 0 0 Google Inc Class A Common 38259P508 1620 3000 SH SOLE 3000 0 0 Google Inc. Class C Common 38259P706 1565 3007 SH SOLE 3007 0 0 Guggenheim Enh Eqty Strategy Common 40167K100 970 57302 SH SOLE 57302 0 0 Halliburton Company Common 406216101 345 8000 SH SOLE 8000 0 0 Home Depot Inc. Common 437076102 3456 31100 SH SOLE 31100 0 0 Honeywell Intl Inc Common 438516106 2345 23000 SH SOLE 23000 0 0 IBM Corp Common 459200101 1643 10100 SH SOLE 10100 0 0 Illinois Tool Works Inc. Common 452308109 734 8000 SH SOLE 8000 0 0 Intel Corporation Common 458140100 3285 108000 SH SOLE 108000 0 0 Intercontinental Exchange Inc. Common 45866F104 335 1500 SH SOLE 1500 0 0 Invesco High Income Trust II Common 46131F101 153 10684 SH SOLE 10684 0 0 iShares Core S&P 500 ETF ETF 464287200 8289 40000 SH SOLE 40000 0 0 John Hancock Financial Opportu Sh Ben Int 409735206 1116 41016 SH SOLE 41016 0 0 John Hancock Hedged Eqty & Icm Common 47804L102 1185 74217 SH SOLE 74217 0 0 Johnson & Johnson Common 478160104 2095 21500 SH SOLE 21500 0 0 Johnson Controls, Inc. Common 478366107 1040 21000 SH SOLE 21000 0 0 JPMorgan Chase & Co Common 46625H100 5172 76332 SH SOLE 76332 0 0 JPMorgan China Region Fund Common 48126T104 364 19417 SH SOLE 19417 0 0 Kinder Morgan Inc cl P Common 49456B101 653 17000 SH SOLE 17000 0 0 Kraft Foods Group Inc Common 50076Q106 426 5000 SH SOLE 5000 0 0 Kroger Company Common 501044101 1450 20000 SH SOLE 20000 0 0 Lazard World Div & Incme Fd Common 521076109 602 51642 SH SOLE 51642 0 0 Liberty All Star Equity Fd Common 530158104 6791 1180990 SH SOLE 1180990 0 0 Liberty All Star Growth Fund Common 529900102 1047 203291 SH SOLE 203291 0 0 LMP Capital and Income Fund Common 50208A102 627 41574 SH SOLE 41574 0 0 LMP Real Estate Income Fd Inc Common 50208C108 1425 121833 SH SOLE 121833 0 0 Lockheed Martin Corp. Common 539830109 1766 9500 SH SOLE 9500 0 0 Lowes Companies Inc. Common 548661107 603 9000 SH SOLE 9000 0 0 LyondellBasell Industries cl A Common, Cl A N53745100 1035 10000 SH SOLE 10000 0 0 MacQuarie Glob Infr TR Fd Common 55608D101 250 10700 SH SOLE 10700 0 0 Macy's Inc. Common 55616P104 877 13000 SH SOLE 13000 0 0 Madison Strtg Sec Prm fd Common 558268108 354 30199 SH SOLE 30199 0 0 Marsh & McLennan Company Inc Common 571748102 709 12500 SH SOLE 12500 0 0 McKesson Corp Common 58155Q103 1529 6800 SH SOLE 6800 0 0 Merck & Co. Inc. Common 58933Y105 3545 62267 SH SOLE 62267 0 0 MetLife, Inc. Common 59156R108 1316 23500 SH SOLE 23500 0 0 MFS High Income Municipal Trus Common 59318D104 223 48354 SH SOLE 48354 0 0 MFS Intermediate High Income F Common 59318T109 31 11819 SH SOLE 11819 0 0 MFS Invstmt Grade Muni Trust Common 59318B108 220 23662 SH SOLE 23662 0 0 MFS Special Value Common 55274E102 86 14120 SH SOLE 14120 0 0 Microsoft Corporation Common 594918104 971 22000 SH SOLE 22000 0 0 Mondelez International Inc Common 609207105 1193 29000 SH SOLE 29000 0 0 Morgan Stanley Common 617446448 2133 55000 SH SOLE 55000 0 0 MS China A Fund Common 617468103 15790 465500 SH SOLE 465500 0 0 MS Thai Fund Common 882904105 504 60843 SH SOLE 60843 0 0 MS Turkish Invest Fund Common 900145103 843 85074 SH SOLE 85074 0 0 MSDW India Invest Common 61745C105 1762 64166 SH SOLE 64166 0 0 Neuberger Berman High Yd St Fd Common 64128C106 544 46181 SH SOLE 46181 0 0 Neuberger Berman Real Est Sec Common 64190A103 5321 1122549 SH SOLE 1122549 0 0 New Ireland Fund Inc Common 645673104 354 25720 SH SOLE 25720 0 0 NextEra Energy, Inc. Common 65339F101 588 6000 SH SOLE 6000 0 0 Norfolk Southern Corp Common 655844108 524 6000 SH SOLE 6000 0 0 Northrop Grumman Corp Common 666807102 635 4000 SH SOLE 4000 0 0 Nuv Div Adv Mun Fd 3 Sh Ben Int 67070X101 914 68415 SH SOLE 68415 0 0 Nuv Real Estate Inc Fd Common 67071B108 666 65233 SH SOLE 65233 0 0 Nuv Sel Qlty Mun Fd Common 670973106 204 15440 SH SOLE 15440 0 0 Nuveen Credit Strategies Incm Common 67073D102 2979 345997 SH SOLE 345997 0 0 Nuveen Energy MLP Total Rtrn Common 67074U103 2360 143303 SH SOLE 143303 0 0 Nuveen Global Equity Income Fd Common 6706EH103 2159 172862 SH SOLE 172862 0 0 Nuveen Nasdaq 100 Dynam Overwr Common 670699107 6101 330659 SH SOLE 330659 0 0 Oracle Corporation Common 68389X105 5278 130972 SH SOLE 130972 0 0 PG&E Corporation Common 69331C108 786 16000 SH SOLE 16000 0 0 Phillips 66 Common 718546104 1409 17487 SH SOLE 17487 0 0 PNC Financial Services Common 693475105 1243 13000 SH SOLE 13000 0 0 PPG Industries Inc. Common 693506107 1147 10000 SH SOLE 10000 0 0 PPL Corporation Common 69351T106 295 10000 SH SOLE 10000 0 0 Praxair, Inc. Common 74005P104 897 7500 SH SOLE 7500 0 0 Precision Castparts Corp Common 740189105 700 3500 SH SOLE 3500 0 0 Prudential Financial Inc Common 744320102 1225 14000 SH SOLE 14000 0 0 Public Service Enterprise Grp Common 744573106 412 10500 SH SOLE 10500 0 0 Qualcomm Inc. Common 747525103 1597 25500 SH SOLE 25500 0 0 RMR Real Estate Income Fund Common 76970B101 2722 146826 SH SOLE 146826 0 0 Royce Micro Cap Tr Common 780915104 1313 142452 SH SOLE 142452 0 0 Royce Value Trust Common 780910105 232 16804 SH SOLE 16804 0 0 Schlumberger Ltd. Common 806857108 1853 21500 SH SOLE 21500 0 0 Southwest Airlines Co. Common 844741108 463 14000 SH SOLE 14000 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 8234 40000 SH SOLE 40000 0 0 Sprott Focus Trust, Inc. Common 85208J109 542 76500 SH SOLE 76500 0 0 St. Jude Medical Inc. Common 790849103 585 8000 SH SOLE 8000 0 0 Stryker Corp Common 863667101 287 3000 SH SOLE 3000 0 0 SunTrust Banks, Inc. Common 867914103 473 11000 SH SOLE 11000 0 0 Swiss Helvetia Fund Common 870875101 3096 264648 SH SOLE 264648 0 0 Templeton Dragon Common 88018T101 2750 110887 SH SOLE 110887 0 0 Templeton Emrg Mkt DE Common 880191101 350 24066 SH SOLE 24066 0 0 The Travelers Companies Common 89417E109 580 6000 SH SOLE 6000 0 0 Thermo Fisher Scientific, Inc. Common 883556102 1687 13000 SH SOLE 13000 0 0 Time Warner Cable Inc. Common 88732J207 1158 6500 SH SOLE 6500 0 0 Time Warner Inc Common 887317303 2567 29366 SH SOLE 29366 0 0 TJX Companies Inc. Common 872540109 860 13000 SH SOLE 13000 0 0 Tri-Continental Corp. Common 895436103 2805 132379 SH SOLE 132379 0 0 Twenty-First Cent Fox Inc Cl B Common, Cl B 90130A200 242 7500 SH SOLE 7500 0 0 Union Pacific Corp. Common 907818108 2861 30000 SH SOLE 30000 0 0 UnitedHealth Group, Inc. Common 91324P102 1098 9000 SH SOLE 9000 0 0 Valero Energy Corp. Common 91913Y100 282 4500 SH SOLE 4500 0 0 Verizon Communications, Inc. Common 92343V104 5314 114000 SH SOLE 114000 0 0 Viacom Inc cl B Common, Cl B 92553P201 449 6950 SH SOLE 6950 0 0 Voya Emerg Mkts Hi Incm Div Eq Common 92912P108 3805 386276 SH SOLE 386276 0 0 Voya Global Eqty Div Prem Oppo Common 92912T100 2112 258538 SH SOLE 258538 0 0 Voya Infra Indus and Materials Common 92912X101 1396 95471 SH SOLE 95471 0 0 Voya Intl Hi Div Eqty Incm Fd Common 92912Y109 148 18070 SH SOLE 18070 0 0 W. Asset Managed High Inc Fund Common 95766L107 246 49725 SH SOLE 49725 0 0 Walgreens Boots Alliance, Inc. Common 931427108 844 10000 SH SOLE 10000 0 0 Wal-Mart Stores, Inc. Common 931142103 5298 74700 SH SOLE 74700 0 0 Walt Disney Company Common 254687106 6814 59700 SH SOLE 59700 0 0 Waste Management Inc. Common 94106L109 278 6000 SH SOLE 6000 0 0 Wells Fargo & Co Common 949746101 6850 121800 SH SOLE 121800 0 0 Wells Fargo Adv Global Div Opp Common 94987C103 690 99777 SH SOLE 99777 0 0 Western Asset Emg Mkts Incm Fd Common 95766E103 1200 111805 SH SOLE 111805 0 0 Xcel Energy Inc Common 98389B100 306 9500 SH SOLE 9500 0 0 Zweig Total Return Common 989837208 151 11642 SH SOLE 11642 0 0