0001398344-16-009804.txt : 20160210 0001398344-16-009804.hdr.sgml : 20160210 20160210161500 ACCESSION NUMBER: 0001398344-16-009804 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160210 DATE AS OF CHANGE: 20160210 EFFECTIVENESS DATE: 20160210 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: 161405902 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 12-31-2015 12-31-2015 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 02-10-2016 0 222 430845 INFORMATION TABLE 2 fp0017995_13fhr-table.xml 13F INFORMATION TABLE 3M Company Common 88579Y101 1657 11000 SH SOLE 11000 0 0 Abbott Laboratories Common 002824100 1626 36200 SH SOLE 36200 0 0 AbbVie Inc. Common 00287Y109 1611 27200 SH SOLE 27200 0 0 Aberdeen Australia Eq Fd Common 003011103 2784 510835 SH SOLE 510835 0 0 Aberdeen Chile Fund, Inc. Common 168834109 986 176738 SH SOLE 176738 0 0 Aberdeen Greater China Fd, Inc Common 003031101 520 60778 SH SOLE 60778 0 0 Aberdeen Singapore Fund, Inc. Common 003244100 380 44362 SH SOLE 44362 0 0 Accenture Plc Common G1151C101 209 2000 SH SOLE 2000 0 0 Adams Express Co. Common 006212104 486 37885 SH SOLE 37885 0 0 Adobe Systems Inc. Common 00724F101 376 4000 SH SOLE 4000 0 0 Advent Claymore Conv Sec Common 00764C109 2155 159429 SH SOLE 159429 0 0 Advent Claymore Conv Sec Incm Common 007639107 475 85586 SH SOLE 85586 0 0 Aetna Inc. Common 00817Y108 1514 14000 SH SOLE 14000 0 0 Air Products & Chemicals Common 009158106 911 7000 SH SOLE 7000 0 0 Alexion Pharmaceuticals Common 015351109 382 2000 SH SOLE 2000 0 0 Allergan plc. Common G0177J108 3025 9681 SH SOLE 9681 0 0 AllianzGI Convertible & Income Common 018825109 4885 967326 SH SOLE 967326 0 0 AllianzGI Convertible & Income Common 018828103 2291 413583 SH SOLE 413583 0 0 AllianzGI NFJ Dividend Inte Fd Common 01883A107 10500 847456 SH SOLE 847456 0 0 Allstate Corporation Common 020002101 497 8000 SH SOLE 8000 0 0 Alphabet Inc. Class A Common, Cl A 02079K305 2334 3000 SH SOLE 3000 0 0 Alphabet Inc. Class C Common, Cl C 02079K107 17460 23007 SH SOLE 23007 0 0 Alpine Global Dynamic Div Common 02082E205 2442 275956 SH SOLE 275956 0 0 Alpine Global Premier Prop Fd Sh Ben Int 02083A103 6544 1134077 SH SOLE 1134077 0 0 Alpine Total Dynamic Div. Sh Ben Int 021060207 10043 1307701 SH SOLE 1307701 0 0 Altria Group Inc Common 02209S103 1222 21000 SH SOLE 21000 0 0 Amazon.com Inc. Common 023135106 8111 12000 SH SOLE 12000 0 0 American Electric Power Common 025537101 291 5000 SH SOLE 5000 0 0 American Express Co. Common 025816109 1600 23000 SH SOLE 23000 0 0 American Intl Group, Inc. Common 026874784 868 14000 SH SOLE 14000 0 0 American Tower Corporation Common 03027X100 776 8000 SH SOLE 8000 0 0 Ameriprise Financial, Inc. Common 03076C106 213 2000 SH SOLE 2000 0 0 AmerisourceBergen Corp Common 03073E100 207 2000 SH SOLE 2000 0 0 Amgen Inc. Common 031162100 4026 24800 SH SOLE 24800 0 0 Anthem, Inc. Common 036752103 1534 11000 SH SOLE 11000 0 0 Aon PLC Common, Cl A G0408V102 1107 12000 SH SOLE 12000 0 0 Apple Inc. Common 037833100 12631 120000 SH SOLE 120000 0 0 Archer Daniels Midland Common 039483102 587 16000 SH SOLE 16000 0 0 AT&T Inc. Common 00206R102 815 23671 SH SOLE 23671 0 0 Automatic Data Processing Inc. Common 053015103 974 11500 SH SOLE 11500 0 0 Becton Dickinson & Co. Common 075887109 308 2000 SH SOLE 2000 0 0 Berkshire Hathaway cl B Common, Cl B 084670702 4621 35000 SH SOLE 35000 0 0 Biogen Inc. Common 09062X103 919 3000 SH SOLE 3000 0 0 BlackRock Debt Strat. Fd Common 09255R103 592 175634 SH SOLE 175634 0 0 BlackRock Energy and Res Trust Common 09250U101 287 22900 SH SOLE 22900 0 0 Blackrock Inc. Common 09247X101 1873 5500 SH SOLE 5500 0 0 Blackrock Resources&Commod. Common 09257A108 11775 1656168 SH SOLE 1656168 0 0 Boeing Company Common 097023105 2169 15000 SH SOLE 15000 0 0 Brookfield Global Infr Incm Fd Common 11273Q109 260 22154 SH SOLE 22154 0 0 Calamos Glbl Ttl Rtn Fund Common 128118106 565 49454 SH SOLE 49454 0 0 Calamos Global Dynamic Income Common 12811L107 2285 319167 SH SOLE 319167 0 0 Calamos Strategic Total Return Sh Ben Int 128125101 1765 178249 SH SOLE 178249 0 0 Capital One Financial Corp. Common 14040H105 722 10000 SH SOLE 10000 0 0 Cardinal Health Inc. Common 14149Y108 893 10000 SH SOLE 10000 0 0 Celgene Corp. Common 151020104 2036 17000 SH SOLE 17000 0 0 Cerner Corporation Common 156782104 241 4000 SH SOLE 4000 0 0 Charles Schwab Corp Common 808513105 428 13000 SH SOLE 13000 0 0 Chubb Corp Common H1467J104 265 2000 SH SOLE 2000 0 0 Chubb Limited Common H0023R105 1169 10000 SH SOLE 10000 0 0 Cigna Corporation Common 125509109 1024 7000 SH SOLE 7000 0 0 Cisco Systems Inc. Common 17275R102 1494 55000 SH SOLE 55000 0 0 Citigroup Inc. Common 172967424 828 16000 SH SOLE 16000 0 0 Clarion Global Real Est Inc Common 12504G100 9544 1249248 SH SOLE 1249248 0 0 Clough Global Equity Fund Common 18914C100 844 67361 SH SOLE 67361 0 0 Clough Global Opps. Fund Sh Ben Int 18914E106 974 93300 SH SOLE 93300 0 0 Cognizant Tech Solutions Common 192446102 720 12000 SH SOLE 12000 0 0 Cohen & Steers Infrastr Fd Common 19248A109 8593 450388 SH SOLE 450388 0 0 Cohen & Steers Quality Common 19247L106 3831 313515 SH SOLE 313515 0 0 Cohen & Steers REIT & Pfd Common 19247X100 14189 769461 SH SOLE 769461 0 0 Comcast cl A Common, Cl A 20030N101 3853 68275 SH SOLE 68275 0 0 ConocoPhillips Common 20825C104 1026 21974 SH SOLE 21974 0 0 Constellation Brands Inc Common 21036P108 783 5500 SH SOLE 5500 0 0 Costco Wholesale Corp Common 22160K105 2261 14000 SH SOLE 14000 0 0 CSX Corporation Common 126408103 285 11000 SH SOLE 11000 0 0 Cushing Renaissance Fund Common 231647108 194 13588 SH SOLE 13588 0 0 CVS Health Corporation Common 126650100 3092 31630 SH SOLE 31630 0 0 Danaher Corporation Common 235851102 1858 20000 SH SOLE 20000 0 0 Delaware Enhanced Glbl Div Common 246060107 3299 352791 SH SOLE 352791 0 0 Delphi Automotive PLC Common G27823106 257 3000 SH SOLE 3000 0 0 Delta Air Lines, Inc. Common 247361702 1318 26000 SH SOLE 26000 0 0 Deutsche Multi-Market Incm Tr Common 25160E102 1954 255765 SH SOLE 255765 0 0 Deutsche Strategic Income Trus Common 25160F109 562 53445 SH SOLE 53445 0 0 Discover Financial Services Common 254709108 563 10500 SH SOLE 10500 0 0 Dollar General Corp. Common 256677105 216 3000 SH SOLE 3000 0 0 Dominion Resources Inc. Common 25746U109 879 13000 SH SOLE 13000 0 0 Dow Chemical Company Common 260543103 2085 40500 SH SOLE 40500 0 0 Duff & Phelps Glbl Utl Inc Fnd Common 26433C105 5600 380163 SH SOLE 380163 0 0 DuPont de Nemours & Co. Common 263534109 266 4000 SH SOLE 4000 0 0 Ecolab Inc Common 278865100 972 8500 SH SOLE 8500 0 0 Eli Lilly & Co. Common 532457108 927 11000 SH SOLE 11000 0 0 EOG Resources Inc Common 26875P101 1487 21000 SH SOLE 21000 0 0 EV Tax-Mangd Glob Div Eqty Inc Common 27829F108 419 47400 SH SOLE 47400 0 0 Express Scripts Holding Co. Common 30219G108 1311 15000 SH SOLE 15000 0 0 Exxon Mobil Corporation Common 30231G102 5140 65936 SH SOLE 65936 0 0 Facebook, Inc. cl A Common, Cl A 30303M102 3035 29000 SH SOLE 29000 0 0 FedEx Corp Common 31428X106 1341 9000 SH SOLE 9000 0 0 Fiduciary/Claymore MLP Opp. Fd Common 31647Q106 2845 219200 SH SOLE 219200 0 0 First Trust / Ab Emerging Opp Common 33731K102 204 15657 SH SOLE 15657 0 0 First Trust Energy Infra Fund Common 33738C103 341 23400 SH SOLE 23400 0 0 Fiserv Inc. Common 337738108 640 7000 SH SOLE 7000 0 0 Gabelli Equity Trust Common 362397101 1271 239396 SH SOLE 239396 0 0 Gabelli Global Utly & Income Common 36242L105 1357 81251 SH SOLE 81251 0 0 GAMCO Global Gold Natural Res Sh Ben Int 36465A109 2414 508121 SH SOLE 508121 0 0 GAMCO Natural Resources Gold Common 36465E101 2413 421203 SH SOLE 421203 0 0 GDL Fund (The) Sh Ben Int 361570104 2914 291098 SH SOLE 291098 0 0 General American Investors Co. Common 368802104 4054 126921 SH SOLE 126921 0 0 General Dynamics Corp. Common 369550108 1236 9000 SH SOLE 9000 0 0 General Electric Company Common 369604103 3115 100000 SH SOLE 100000 0 0 Gilead Sciences Inc. Common 375558103 1619 16000 SH SOLE 16000 0 0 Goldman Sachs Group Inc Common 38141G104 721 4000 SH SOLE 4000 0 0 Guggenheim Enh Eqty Strategy Common 40167K100 193 12244 SH SOLE 12244 0 0 Hancock J Invest Common 410142103 442 30740 SH SOLE 30740 0 0 Home Depot Inc. Common 437076102 4377 33100 SH SOLE 33100 0 0 Honeywell Intl Inc Common 438516106 2486 24000 SH SOLE 24000 0 0 Illinois Tool Works Inc. Common 452308109 1112 12000 SH SOLE 12000 0 0 India Fund, Inc. Common 454089103 2495 109700 SH SOLE 109700 0 0 Intel Corporation Common 458140100 3307 96000 SH SOLE 96000 0 0 Intercontinental Exchange Inc. Common 45866F104 897 3500 SH SOLE 3500 0 0 iShares Core S&P 500 ETF ETF 464287200 6146 30000 SH SOLE 30000 0 0 John Hancock Hedged Eqty & Icm Common 47804L102 453 31317 SH SOLE 31317 0 0 Johnson & Johnson Common 478160104 2208 21500 SH SOLE 21500 0 0 JPMorgan Chase & Co Common 46625H100 8474 128332 SH SOLE 128332 0 0 Kimberly-Clark Corp. Common 494368103 891 7000 SH SOLE 7000 0 0 Kroger Company Common 501044101 1673 40000 SH SOLE 40000 0 0 Lazard Global Return Fund Common 52106W103 577 44142 SH SOLE 44142 0 0 Lazard World Div & Incme Fd Common 521076109 1203 132017 SH SOLE 132017 0 0 Liberty All Star Equity Fd Common 530158104 5226 976811 SH SOLE 976811 0 0 LMP Capital and Income Fund Common 50208A102 2872 232175 SH SOLE 232175 0 0 LMP Real Estate Income Fd Inc Common 50208C108 1613 123733 SH SOLE 123733 0 0 Lockheed Martin Corp. Common 539830109 1629 7500 SH SOLE 7500 0 0 Lowes Companies Inc. Common 548661107 1293 17000 SH SOLE 17000 0 0 LyondellBasell Industries cl A Common, Cl A N53745100 1043 12000 SH SOLE 12000 0 0 MacQuarie Glob Infr TR Fd Common 55608D101 2058 108020 SH SOLE 108020 0 0 Marathon Petroleum Corp Common 56585A102 259 5000 SH SOLE 5000 0 0 Marriott International Inc Common 571903202 201 3000 SH SOLE 3000 0 0 Marsh & McLennan Company Inc Common 571748102 749 13500 SH SOLE 13500 0 0 Mastercard Inc. Common 57636Q104 1947 20000 SH SOLE 20000 0 0 McGraw Hill Financial, Inc. Common 580645109 493 5000 SH SOLE 5000 0 0 McKesson Corp Common 58155Q103 1183 6000 SH SOLE 6000 0 0 Merck & Co. Inc. Common 58933Y105 3289 62267 SH SOLE 62267 0 0 Mexico Fund Common 592835102 433 26038 SH SOLE 26038 0 0 Microsoft Corporation Common 594918104 1553 28000 SH SOLE 28000 0 0 Mondelez International Inc Common 609207105 1704 38000 SH SOLE 38000 0 0 Monster Beverage Corporation Common 61174X109 894 6000 SH SOLE 6000 0 0 Moody's Corp. Common 615369105 502 5000 SH SOLE 5000 0 0 MS Turkish Invest Fund Common 900145103 316 40613 SH SOLE 40613 0 0 Mylan N.V. Common N59465109 216 4000 SH SOLE 4000 0 0 Neuberger Berman High Yd St Fd Common 64128C106 102 10075 SH SOLE 10075 0 0 Neuberger Berman Real Est Sec Common 64190A103 3652 728962 SH SOLE 728962 0 0 New Ireland Fund Inc Common 645673104 306 21976 SH SOLE 21976 0 0 NextEra Energy, Inc. Common 65339F101 1039 10000 SH SOLE 10000 0 0 Nike Inc cl B Common, Cl B 654106103 500 8000 SH SOLE 8000 0 0 Northrop Grumman Corp Common 666807102 1322 7000 SH SOLE 7000 0 0 Nuv Div Adv Mun Fd 3 Sh Ben Int 67070X101 409 28453 SH SOLE 28453 0 0 Nuv Real Estate Inc Fd Common 67071B108 553 52053 SH SOLE 52053 0 0 Nuveen Credit Strategies Incm Common 67073D102 1139 145227 SH SOLE 145227 0 0 Nuveen Global Equity Income Fd Common 6706EH103 1516 138783 SH SOLE 138783 0 0 Oracle Corporation Common 68389X105 3542 96972 SH SOLE 96972 0 0 O'Reilly Automotive, Inc. Common 67103H107 253 1000 SH SOLE 1000 0 0 PepsiCo, Inc. Common 713448108 300 3000 SH SOLE 3000 0 0 Petroleum & Resource Corp. Common 716549100 280 15800 SH SOLE 15800 0 0 Phillips 66 Common 718546104 1144 13987 SH SOLE 13987 0 0 PNC Financial Services Common 693475105 1239 13000 SH SOLE 13000 0 0 PPG Industries Inc. Common 693506107 1087 11000 SH SOLE 11000 0 0 PPL Corporation Common 69351T106 375 11000 SH SOLE 11000 0 0 Precision Castparts Corp Common 740189105 812 3500 SH SOLE 3500 0 0 Public Service Enterprise Grp Common 744573106 406 10500 SH SOLE 10500 0 0 Raytheon Company Common 755111507 996 8000 SH SOLE 8000 0 0 Reaves Utility Income Fund Sh Ben Int 756158101 1361 52400 SH SOLE 52400 0 0 Regeneron Pharmaceuticals Common 75886F107 1086 2000 SH SOLE 2000 0 0 Reynolds American Inc Common 761713106 1661 36000 SH SOLE 36000 0 0 RMR Real Estate Income Fund Common 76970B101 2766 143526 SH SOLE 143526 0 0 Ross Stores Inc. Common 778296103 215 4000 SH SOLE 4000 0 0 Royal Caribbean Cruises Ltd Common V7780T103 202 2000 SH SOLE 2000 0 0 Royce Global Value Trust Common 78081T104 408 54807 SH SOLE 54807 0 0 Royce Micro Cap Tr Common 780915104 2064 284359 SH SOLE 284359 0 0 Royce Value Trust Common 780910105 2133 181263 SH SOLE 181263 0 0 Salesforce.com Inc Common 79466L302 392 5000 SH SOLE 5000 0 0 Schlumberger Ltd. Common 806857108 872 12500 SH SOLE 12500 0 0 Sherwin-Williams Co. Common 824348106 519 2000 SH SOLE 2000 0 0 Southwest Airlines Co. Common 844741108 818 19000 SH SOLE 19000 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 5709 28000 SH SOLE 28000 0 0 Sprott Focus Trust, Inc. Common 85208J109 443 76346 SH SOLE 76346 0 0 Starbucks Corporation Common 855244109 1741 29000 SH SOLE 29000 0 0 State Street Corp Common 857477103 265 4000 SH SOLE 4000 0 0 Stryker Corp Common 863667101 1115 12000 SH SOLE 12000 0 0 SunTrust Banks, Inc. Common 867914103 214 5000 SH SOLE 5000 0 0 Swiss Helvetia Fund Common 870875101 1297 122860 SH SOLE 122860 0 0 Tekla Healthcare Opprtnties Fd Common 879105104 180 10326 SH SOLE 10326 0 0 The Kraft Heinz Company Common 500754106 291 4000 SH SOLE 4000 0 0 The Priceline Group Inc. Common 741503403 637 500 SH SOLE 500 0 0 The Travelers Companies Common 89417E109 1016 9000 SH SOLE 9000 0 0 Thermo Fisher Scientific, Inc. Common 883556102 1986 14000 SH SOLE 14000 0 0 Time Warner Cable Inc. Common 88732J207 742 4000 SH SOLE 4000 0 0 Time Warner Inc Common 887317303 483 7466 SH SOLE 7466 0 0 TJX Companies Inc. Common 872540109 496 7000 SH SOLE 7000 0 0 Tortoise Energy Independenc Fd Common 89148K101 1038 91984 SH SOLE 91984 0 0 Twenty-First Cent Fox Inc Cl B Common, Cl B 90130A200 204 7500 SH SOLE 7500 0 0 U.S. Bancorp Common 902973304 725 17000 SH SOLE 17000 0 0 Union Pacific Corp. Common 907818108 1720 22000 SH SOLE 22000 0 0 UnitedHealth Group, Inc. Common 91324P102 2470 21000 SH SOLE 21000 0 0 V.F. Corporation Common 918204108 249 4000 SH SOLE 4000 0 0 Valero Energy Corp. Common 91913Y100 955 13500 SH SOLE 13500 0 0 Verizon Communications, Inc. Common 92343V104 5269 114000 SH SOLE 114000 0 0 Virtus Total Return Fund Common 92829A103 512 134482 SH SOLE 134482 0 0 VISA Inc. Common 92826C839 1473 19000 SH SOLE 19000 0 0 Voya Asia Paci Hi Div Eqty Inc Common 92912J107 134 14827 SH SOLE 14827 0 0 Voya Emerg Mkts Hi Incm Div Eq Common 92912P108 2578 348441 SH SOLE 348441 0 0 Voya Global Eqty Div Prem Oppo Common 92912T100 1707 243912 SH SOLE 243912 0 0 Voya Infra Indus and Materials Common 92912X101 3868 315468 SH SOLE 315468 0 0 Voya Intl Hi Div Eqty Incm Fd Common 92912Y109 661 103891 SH SOLE 103891 0 0 Voya Natural Resources Eqty In Common 92913C106 695 127230 SH SOLE 127230 0 0 W. Asset Glbl Partners Inc Fnd Common 95766G108 197 25493 SH SOLE 25493 0 0 W. Asset Global High Inc Fund Common 95766B109 106 12119 SH SOLE 12119 0 0 Walgreens Boots Alliance, Inc. Common 931427108 2299 27000 SH SOLE 27000 0 0 Wal-Mart Stores, Inc. Common 931142103 6234 101700 SH SOLE 101700 0 0 Walt Disney Company Common 254687106 7639 72700 SH SOLE 72700 0 0 Waste Management Inc. Common 94106L109 320 6000 SH SOLE 6000 0 0 Wells Fargo & Co Common 949746101 9230 169800 SH SOLE 169800 0 0 Wells Fargo Adv Global Div Opp Common 94987C103 4401 743393 SH SOLE 743393 0 0 Western Asset Emg Mkts Incm Fd Common 95766E103 933 95905 SH SOLE 95905 0 0 Xcel Energy Inc Common 98389B100 341 9500 SH SOLE 9500 0 0