0001398344-15-007536.txt : 20151111 0001398344-15-007536.hdr.sgml : 20151111 20151110161728 ACCESSION NUMBER: 0001398344-15-007536 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150930 FILED AS OF DATE: 20151110 DATE AS OF CHANGE: 20151110 EFFECTIVENESS DATE: 20151110 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: 151219149 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 09-30-2015 09-30-2015 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 11-10-2015 0 239 425144 INFORMATION TABLE 2 fp0016729_13fhr-table.xml 13F INFORMATION TABLE 3M Company Common 88579Y101 1559 11000 SH SOLE 11000 0 0 Abbott Laboratories Common 002824100 1456 36200 SH SOLE 36200 0 0 AbbVie Inc. Common 00287Y109 1480 27200 SH SOLE 27200 0 0 Aberdeen Australia Eq Fd Common 003011103 2474 462443 SH SOLE 462443 0 0 Aberdeen Chile Fund, Inc. Common 168834109 1124 187906 SH SOLE 187906 0 0 Aberdeen Greater China Fd, Inc Common 003031101 588 69349 SH SOLE 69349 0 0 Aberdeen Singapore Fund, Inc. Common 003244100 337 38986 SH SOLE 38986 0 0 ACE Limited Common H0023R105 827 8000 SH SOLE 8000 0 0 Adams Express Co. Common 006212104 781 61285 SH SOLE 61285 0 0 Adobe Systems Inc. Common 00724F101 329 4000 SH SOLE 4000 0 0 Advent Claymore Enh Gwth&Incm Common 00765E104 1034 126105 SH SOLE 126105 0 0 Aetna Inc. Common 00817Y108 1532 14000 SH SOLE 14000 0 0 Air Products & Chemicals Common 009158106 893 7000 SH SOLE 7000 0 0 Alexion Pharmaceuticals Common 015351109 313 2000 SH SOLE 2000 0 0 Allergan plc. Common G0177J108 2631 9681 SH SOLE 9681 0 0 AllianceBern Global High Inc Common 01879R106 1217 109924 SH SOLE 109924 0 0 AllianzGI Convertible & Income Common 018828103 1741 298682 SH SOLE 298682 0 0 AllianzGI Convertible & Income Common 018825109 1561 295600 SH SOLE 295600 0 0 AllianzGI NFJ Dividend Inte Fd Common 01883A107 10830 847456 SH SOLE 847456 0 0 Allstate Corporation Common 020002101 466 8000 SH SOLE 8000 0 0 Alpine Global Dynamic Div Common 02082E205 2154 251945 SH SOLE 251945 0 0 Alpine Global Premier Prop Fd Sh Ben Int 02083A103 6308 1130471 SH SOLE 1130471 0 0 Alpine Total Dynamic Div. Sh Ben Int 021060207 8186 1091449 SH SOLE 1091449 0 0 Altria Group Inc Common 02209S103 1142 21000 SH SOLE 21000 0 0 Amazon.com Inc. Common 023135106 1024 2000 SH SOLE 2000 0 0 American Electric Power Common 025537101 227 4000 SH SOLE 4000 0 0 American Express Co. Common 025816109 1705 23000 SH SOLE 23000 0 0 American Intl Group, Inc. Common 026874784 795 14000 SH SOLE 14000 0 0 American Tower Corporation Common 03027X100 352 4000 SH SOLE 4000 0 0 Ameriprise Financial, Inc. Common 03076C106 437 4000 SH SOLE 4000 0 0 Amgen Inc. Common 031162100 3430 24800 SH SOLE 24800 0 0 Anthem, Inc. Common 036752103 1540 11000 SH SOLE 11000 0 0 Aon PLC Common, Cl A G0408V102 1063 12000 SH SOLE 12000 0 0 Apple Inc. Common 037833100 17019 154300 SH SOLE 154300 0 0 Archer Daniels Midland Common 039483102 912 22000 SH SOLE 22000 0 0 AT&T Inc. Common 00206R102 771 23671 SH SOLE 23671 0 0 Automatic Data Processing Inc. Common 053015103 924 11500 SH SOLE 11500 0 0 Baxter International Common 071813109 263 8000 SH SOLE 8000 0 0 Becton Dickinson & Co. Common 075887109 265 2000 SH SOLE 2000 0 0 Berkshire Hathaway cl B Common, Cl B 084670702 4564 35000 SH SOLE 35000 0 0 Biogen Inc. Common 09062X103 875 3000 SH SOLE 3000 0 0 BlackRock Corp High Yd Fd, Inc Common 09255P107 2765 280109 SH SOLE 280109 0 0 BlackRock Debt Strat. Fd Common 09255R103 772 231134 SH SOLE 231134 0 0 Blackrock Global Opportunities Common 092501105 2879 237932 SH SOLE 237932 0 0 Blackrock Inc. Common 09247X101 1636 5500 SH SOLE 5500 0 0 Blackrock Resources&Commod. Common 09257A108 10891 1533968 SH SOLE 1533968 0 0 BlackRock Util and Infra Trust Common 09248D104 791 48646 SH SOLE 48646 0 0 Boeing Company Common 097023105 1571 12000 SH SOLE 12000 0 0 Brookfield Global Infr Incm Fd Common 11273Q109 2560 204299 SH SOLE 204299 0 0 Calamos Convert Opp & Inc Common 128117108 332 33600 SH SOLE 33600 0 0 Calamos Convt & High Inc Common 12811P108 123 11300 SH SOLE 11300 0 0 Capital One Financial Corp. Common 14040H105 725 10000 SH SOLE 10000 0 0 Cardinal Health Inc. Common 14149Y108 768 10000 SH SOLE 10000 0 0 Celgene Corp. Common 151020104 1839 17000 SH SOLE 17000 0 0 Cerner Corporation Common 156782104 240 4000 SH SOLE 4000 0 0 Charles Schwab Corp Common 808513105 371 13000 SH SOLE 13000 0 0 Chevron Corp Common 166764100 1104 14000 SH SOLE 14000 0 0 China Fund Common 169373107 1503 94490 SH SOLE 94490 0 0 Chubb Corp Common 171232101 491 4000 SH SOLE 4000 0 0 Cigna Corporation Common 125509109 945 7000 SH SOLE 7000 0 0 Cisco Systems Inc. Common 17275R102 2888 110000 SH SOLE 110000 0 0 Citigroup Inc. Common 172967424 794 16000 SH SOLE 16000 0 0 Clarion Global Real Est Inc Common 12504G100 9741 1319863 SH SOLE 1319863 0 0 Clear Bridge Engy MLP Opp Fd Common 18469P100 2267 157204 SH SOLE 157204 0 0 ClearBridge Energy MLP TR Fd Common 18469Q108 2692 195808 SH SOLE 195808 0 0 Clough Global Allocat. Fd Sh Ben Int 18913Y103 252 19347 SH SOLE 19347 0 0 Cognizant Tech Solutions Common 192446102 751 12000 SH SOLE 12000 0 0 Cohen & Steers Infrastr Fd Common 19248A109 5955 312272 SH SOLE 312272 0 0 Cohen & Steers Quality Common 19247L106 5894 521634 SH SOLE 521634 0 0 Cohen & Steers REIT & Pfd Common 19247X100 14314 825945 SH SOLE 825945 0 0 Cohen & Steers Total Rtn Rlty Common 19247R103 1402 118000 SH SOLE 118000 0 0 Comcast cl A Common, Cl A 20030N101 4666 82025 SH SOLE 82025 0 0 Comcast cl A Special Cl A Special 20030N200 243 4250 SH SOLE 4250 0 0 ConocoPhillips Common 20825C104 1054 21974 SH SOLE 21974 0 0 Constellation Brands Inc Common 21036P108 689 5500 SH SOLE 5500 0 0 Costco Wholesale Corp Common 22160K105 2024 14000 SH SOLE 14000 0 0 Credit Suisse Asset Mgmt Fd Common 224916106 92 32550 SH SOLE 32550 0 0 CSX Corporation Common 126408103 619 23000 SH SOLE 23000 0 0 CVS Health Corporation Common 126650100 4016 41630 SH SOLE 41630 0 0 Danaher Corporation Common 235851102 1023 12000 SH SOLE 12000 0 0 Delaware Enhanced Glbl Div Common 246060107 2983 322106 SH SOLE 322106 0 0 Delphi Automotive PLC Common G27823106 228 3000 SH SOLE 3000 0 0 Delta Air Lines, Inc. Common 247361702 1167 26000 SH SOLE 26000 0 0 Deutsche Multi-Market Incm Tr Common 25160E102 1899 256990 SH SOLE 256990 0 0 Deutsche Strategic Income Trus Common 25160F109 596 58024 SH SOLE 58024 0 0 Discover Financial Services Common 254709108 546 10500 SH SOLE 10500 0 0 Dollar General Corp. Common 256677105 217 3000 SH SOLE 3000 0 0 Dominion Resources Inc. Common 25746U109 211 3000 SH SOLE 3000 0 0 Dow Chemical Company Common 260543103 1717 40500 SH SOLE 40500 0 0 Duff & Phelps Glbl Utl Inc Fnd Common 26433C105 4828 318899 SH SOLE 318899 0 0 Eaton Corporation, plc Common G29183103 257 5000 SH SOLE 5000 0 0 Eaton Vance Rsk Mgned Dv Fd Common 27829G106 180 18750 SH SOLE 18750 0 0 Ecolab Inc Common 278865100 933 8500 SH SOLE 8500 0 0 EMC Corporation Common 268648102 314 13000 SH SOLE 13000 0 0 EOG Resources Inc Common 26875P101 1529 21000 SH SOLE 21000 0 0 Express Scripts Holding Co. Common 30219G108 1214 15000 SH SOLE 15000 0 0 Exxon Mobil Corporation Common 30231G102 5274 70936 SH SOLE 70936 0 0 Facebook, Inc. cl A Common, Cl A 30303M102 1708 19000 SH SOLE 19000 0 0 FedEx Corp Common 31428X106 1296 9000 SH SOLE 9000 0 0 First Trust Dividend & Incm Fd Common 33731L100 318 40712 SH SOLE 40712 0 0 First Trust Energy Infra Fund Common 33738C103 1098 68659 SH SOLE 68659 0 0 Fiserv Inc. Common 337738108 606 7000 SH SOLE 7000 0 0 Franklin Universal Trust Sh Ben Int 355145103 108 18322 SH SOLE 18322 0 0 Gabelli Equity Trust Common 362397101 2890 553597 SH SOLE 553597 0 0 Gabelli Global Utly & Income Common 36242L105 1211 75421 SH SOLE 75421 0 0 Gabelli Multimedia Trust Inc. Common 36239Q109 193 25584 SH SOLE 25584 0 0 GAMCO Global Gold Natural Res Sh Ben Int 36465A109 2457 492323 SH SOLE 492323 0 0 GAMCO Natural Resources Gold Common 36465E101 2468 426258 SH SOLE 426258 0 0 GDL Fund (The) Sh Ben Int 361570104 2908 296130 SH SOLE 296130 0 0 General American Investors Co. Common 368802104 2352 75921 SH SOLE 75921 0 0 General Dynamics Corp. Common 369550108 1242 9000 SH SOLE 9000 0 0 General Electric Company Common 369604103 3480 138000 SH SOLE 138000 0 0 Gilead Sciences Inc. Common 375558103 1571 16000 SH SOLE 16000 0 0 Global High Income Fund Inc. Common 37933G108 701 90852 SH SOLE 90852 0 0 Goldman Sachs Group Inc Common 38141G104 695 4000 SH SOLE 4000 0 0 Google Inc Class A Common, Cl A 38259P508 1277 2000 SH SOLE 2000 0 0 Google Inc. Class C Common, Cl B 38259P706 6697 11007 SH SOLE 11007 0 0 Guggenheim Enh Eqty Strategy Common 40167K100 423 28369 SH SOLE 28369 0 0 Hancock J Invest Common 410142103 229 15691 SH SOLE 15691 0 0 HCA Holdings, Inc. Common 40412C101 309 4000 SH SOLE 4000 0 0 Home Depot Inc. Common 437076102 3823 33100 SH SOLE 33100 0 0 Honeywell Intl Inc Common 438516106 2273 24000 SH SOLE 24000 0 0 Illinois Tool Works Inc. Common 452308109 988 12000 SH SOLE 12000 0 0 Intel Corporation Common 458140100 3255 108000 SH SOLE 108000 0 0 Intercontinental Exchange Inc. Common 45866F104 587 2500 SH SOLE 2500 0 0 Invesco High Income Trust II Common 46131F101 138 10684 SH SOLE 10684 0 0 iShares Core S&P 500 ETF ETF 464287200 6938 36000 SH SOLE 36000 0 0 John Hancock Financial Opportu Sh Ben Int 409735206 1038 41016 SH SOLE 41016 0 0 John Hancock Hedged Eqty & Icm Common 47804L102 726 50430 SH SOLE 50430 0 0 Johnson & Johnson Common 478160104 2007 21500 SH SOLE 21500 0 0 Johnson Controls, Inc. Common 478366107 910 22000 SH SOLE 22000 0 0 JPMorgan Chase & Co Common 46625H100 7824 128332 SH SOLE 128332 0 0 JPMorgan China Region Fund Common 48126T104 278 19417 SH SOLE 19417 0 0 Kimberly-Clark Corp. Common 494368103 218 2000 SH SOLE 2000 0 0 Kinder Morgan Inc cl P Common, Cl P 49456B101 637 23000 SH SOLE 23000 0 0 Kroger Company Common 501044101 1443 40000 SH SOLE 40000 0 0 Lazard World Div & Incme Fd Common 521076109 800 87832 SH SOLE 87832 0 0 Liberty All Star Equity Fd Common 530158104 4427 871424 SH SOLE 871424 0 0 Liberty All Star Growth Fund Common 529900102 432 95125 SH SOLE 95125 0 0 LMP Capital and Income Fund Common 50208A102 653 53674 SH SOLE 53674 0 0 LMP Real Estate Income Fd Inc Common 50208C108 1496 121833 SH SOLE 121833 0 0 Lockheed Martin Corp. Common 539830109 2177 10500 SH SOLE 10500 0 0 Lowes Companies Inc. Common 548661107 1172 17000 SH SOLE 17000 0 0 LyondellBasell Industries cl A Common, Cl A N53745100 1000 12000 SH SOLE 12000 0 0 MacQuarie Glob Infr TR Fd Common 55608D101 548 28440 SH SOLE 28440 0 0 Macy's Inc. Common 55616P104 718 14000 SH SOLE 14000 0 0 Madison Strtg Sec Prm fd Common 558268108 289 27092 SH SOLE 27092 0 0 Marathon Petroleum Corp Common 56585A102 232 5000 SH SOLE 5000 0 0 Marriott International Inc Common 571903202 205 3000 SH SOLE 3000 0 0 Marsh & McLennan Company Inc Common 571748102 705 13500 SH SOLE 13500 0 0 Mastercard Inc. Common 57636Q104 1802 20000 SH SOLE 20000 0 0 McGraw Hill Financial, Inc. Common 580645109 433 5000 SH SOLE 5000 0 0 McKesson Corp Common 58155Q103 1443 7800 SH SOLE 7800 0 0 Merck & Co. Inc. Common 58933Y105 3075 62267 SH SOLE 62267 0 0 MetLife, Inc. Common 59156R108 283 6000 SH SOLE 6000 0 0 Mexico Fund Common 592835102 312 17900 SH SOLE 17900 0 0 MFS High Income Municipal Trus Common 59318D104 230 48354 SH SOLE 48354 0 0 MFS Special Value Common 55274E102 90 17190 SH SOLE 17190 0 0 Microsoft Corporation Common 594918104 974 22000 SH SOLE 22000 0 0 Mondelez International Inc Common 609207105 1591 38000 SH SOLE 38000 0 0 Monster Beverage Corporation Common 61174X109 811 6000 SH SOLE 6000 0 0 Moody's Corp. Common 615369105 491 5000 SH SOLE 5000 0 0 Morgan Stanley Common 617446448 1733 55000 SH SOLE 55000 0 0 MS China A Fund Common 617468103 6556 292150 SH SOLE 292150 0 0 MS Thai Fund Common 882904105 141 19898 SH SOLE 19898 0 0 MS Turkish Invest Fund Common 900145103 421 52580 SH SOLE 52580 0 0 Neuberger Berman High Yd St Fd Common 64128C106 471 46181 SH SOLE 46181 0 0 Neuberger Berman Real Est Sec Common 64190A103 5175 1122549 SH SOLE 1122549 0 0 New Ireland Fund Inc Common 645673104 346 25720 SH SOLE 25720 0 0 NextEra Energy, Inc. Common 65339F101 976 10000 SH SOLE 10000 0 0 Nike Inc cl B Common, Cl B 654106103 492 4000 SH SOLE 4000 0 0 Norfolk Southern Corp Common 655844108 458 6000 SH SOLE 6000 0 0 Northrop Grumman Corp Common 666807102 664 4000 SH SOLE 4000 0 0 Nuv Div Adv Mun Fd 3 Sh Ben Int 67070X101 648 47804 SH SOLE 47804 0 0 Nuv Real Estate Inc Fd Common 67071B108 656 65233 SH SOLE 65233 0 0 Nuv Sel Qlty Mun Fd Common 670973106 216 16140 SH SOLE 16140 0 0 Nuveen Credit Strategies Incm Common 67073D102 1610 201766 SH SOLE 201766 0 0 Nuveen Global Equity Income Fd Common 6706EH103 2263 222062 SH SOLE 222062 0 0 Nuveen Nasdaq 100 Dynam Overwr Common 670699107 4290 248959 SH SOLE 248959 0 0 Oracle Corporation Common 68389X105 4767 131972 SH SOLE 131972 0 0 O'Reilly Automotive, Inc. Common 67103H107 250 1000 SH SOLE 1000 0 0 PepsiCo, Inc. Common 713448108 283 3000 SH SOLE 3000 0 0 PG&E Corporation Common 69331C108 845 16000 SH SOLE 16000 0 0 Phillips 66 Common 718546104 1574 20487 SH SOLE 20487 0 0 PNC Financial Services Common 693475105 1160 13000 SH SOLE 13000 0 0 PPG Industries Inc. Common 693506107 965 11000 SH SOLE 11000 0 0 PPL Corporation Common 69351T106 362 11000 SH SOLE 11000 0 0 Precision Castparts Corp Common 740189105 804 3500 SH SOLE 3500 0 0 Public Service Enterprise Grp Common 744573106 443 10500 SH SOLE 10500 0 0 Qualcomm Inc. Common 747525103 1370 25500 SH SOLE 25500 0 0 Raytheon Company Common 755111507 328 3000 SH SOLE 3000 0 0 Regeneron Pharmaceuticals Common 75886F107 930 2000 SH SOLE 2000 0 0 Reynolds American Inc Common 761713106 1594 36000 SH SOLE 36000 0 0 RMR Real Estate Income Fund Common 76970B101 2641 146826 SH SOLE 146826 0 0 Royce Micro Cap Tr Common 780915104 1172 151359 SH SOLE 151359 0 0 Salesforce.com Inc Common 79466L302 347 5000 SH SOLE 5000 0 0 Schlumberger Ltd. Common 806857108 862 12500 SH SOLE 12500 0 0 Sherwin-Williams Co. Common 824348106 223 1000 SH SOLE 1000 0 0 Southwest Airlines Co. Common 844741108 723 19000 SH SOLE 19000 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 8623 45000 SH SOLE 45000 0 0 Sprott Focus Trust, Inc. Common 85208J109 420 71100 SH SOLE 71100 0 0 St. Jude Medical Inc. Common 790849103 505 8000 SH SOLE 8000 0 0 Starbucks Corporation Common 855244109 1648 29000 SH SOLE 29000 0 0 State Street Corp Common 857477103 269 4000 SH SOLE 4000 0 0 Stryker Corp Common 863667101 753 8000 SH SOLE 8000 0 0 SunTrust Banks, Inc. Common 867914103 421 11000 SH SOLE 11000 0 0 Swiss Helvetia Fund Common 870875101 2056 189319 SH SOLE 189319 0 0 Templeton Dragon Common 88018T101 912 48787 SH SOLE 48787 0 0 The Kraft Heinz Company Common 500754106 353 5000 SH SOLE 5000 0 0 The Priceline Group Inc. Common 741503403 618 500 SH SOLE 500 0 0 The Travelers Companies Common 89417E109 697 7000 SH SOLE 7000 0 0 Thermo Fisher Scientific, Inc. Common 883556102 1712 14000 SH SOLE 14000 0 0 Time Warner Cable Inc. Common 88732J207 1166 6500 SH SOLE 6500 0 0 Time Warner Inc Common 887317303 2088 30366 SH SOLE 30366 0 0 TJX Companies Inc. Common 872540109 1214 17000 SH SOLE 17000 0 0 Twenty-First Cent Fox Inc Cl B Common, Cl B 90130A200 203 7500 SH SOLE 7500 0 0 U.S. Bancorp Common 902973304 697 17000 SH SOLE 17000 0 0 Union Pacific Corp. Common 907818108 2652 30000 SH SOLE 30000 0 0 UnitedHealth Group, Inc. Common 91324P102 1740 15000 SH SOLE 15000 0 0 V.F. Corporation Common 918204108 273 4000 SH SOLE 4000 0 0 Valero Energy Corp. Common 91913Y100 331 5500 SH SOLE 5500 0 0 Verizon Communications, Inc. Common 92343V104 4960 114000 SH SOLE 114000 0 0 Viacom Inc cl B Common, Cl B 92553P201 343 7950 SH SOLE 7950 0 0 Virtus Total Return Fund Common 92829A103 143 37841 SH SOLE 37841 0 0 VISA Inc. Common 92826C839 627 9000 SH SOLE 9000 0 0 Voya Emerg Mkts Hi Incm Div Eq Common 92912P108 3203 415446 SH SOLE 415446 0 0 Voya Global Eqty Div Prem Oppo Common 92912T100 1749 251638 SH SOLE 251638 0 0 Voya Infra Indus and Materials Common 92912X101 2292 186971 SH SOLE 186971 0 0 Voya Intl Hi Div Eqty Incm Fd Common 92912Y109 197 31011 SH SOLE 31011 0 0 W. Asset Managed High Inc Fund Common 95766L107 222 49725 SH SOLE 49725 0 0 Walgreens Boots Alliance, Inc. Common 931427108 2244 27000 SH SOLE 27000 0 0 Wal-Mart Stores, Inc. Common 931142103 8539 131700 SH SOLE 131700 0 0 Walt Disney Company Common 254687106 8350 81700 SH SOLE 81700 0 0 Waste Management Inc. Common 94106L109 299 6000 SH SOLE 6000 0 0 Wells Fargo & Co Common 949746101 8719 169800 SH SOLE 169800 0 0 Wells Fargo Adv Global Div Opp Common 94987C103 2852 482546 SH SOLE 482546 0 0 Wells Fargo Adv Utilities Fd Common 94987E109 394 37299 SH SOLE 37299 0 0 Western Asset Emg Mkts Incm Fd Common 95766E103 952 99605 SH SOLE 99605 0 0 Xcel Energy Inc Common 98389B100 336 9500 SH SOLE 9500 0 0