13F-HR 1 berson13f2q2011.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30,2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Berson & Corrado Investment Advisors, LLC Address: 25 West 43rd Street Suite 920 New York, NY 10036 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Herman Lentz Title: Chief Financial Officer Phone: 212-9730-5444 Signature, Place, and Date of Signing: Herman Lentz New York, NY July 8, 2011 --------------------- --------------------- ------------------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report. [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: none Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------------------- Form 13F Information Table Entry Total: 32 ----------------------- Form 13F Information Table Value Total: 180404(x thousand) ----------------------- List of Other Included Managers: Name of Reporting Manager Form 13F Information Table FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------------------------------------------------------------------------------------------------------- Aecom Technology Corp COM 00766T100 12995.90 475344 SOLE 475344 Alpha Natural Resources COM 02076X102 333.30 7335 SOLE 7335 Amern Tower Corp Class A CL A 029912AF9 8744.03 167094 SOLE 167094 Antares Pharma Inc COM 36642106 34.26 15500 SOLE 15500 Apple Computer Inc COM 037833100 480.68 1432 SOLE 1432 Atlas Energy LP COM UNITS LP 04930A104 685.58 31550 SOLE 31550 Berkshire Hathaway Cl B CL B 084670207 528.57 6830 SOLE 6830 Cardiome Pharma Cp NEW COM NEW 14159U202 57.85 13000 SOLE 13000 Cenovus Energy Inc COM 15135U109 9578.44 254340 SOLE 254340 Chevrontexaco Corp COM 166764100 280.24 2725 SOLE 2725 Chimera Investment Corp COM 16934Q109 43.25 12500 SOLE 12500 Companhia Vale Do Adr COM 91912E105 11035.66 345404 SOLE 345404 Encana Corporation COM 292505104 6826.02 221696 SOLE 221696 Exxon Mobil Corporation COM 30231G102 451.66 5550 SOLE 5550 Gencor Industries Inc COM 368678108 122.72 16000 SOLE 16000 Joy Global Inc COM 481165108 232.86 2445 SOLE 2445 Metlife Inc COM 59156R108 8429.58 192149 SOLE 192149 National Oilwell Varco COM 637071101 16719.73 213780 SOLE 213780 Newcastle Investment Cp COM 65105M108 7214.18 1248128 SOLE 1248128 Posco Adr SPON ADR 693483109 10467.49 96368 SOLE 96368 Promotora De Info Adr Af ADR CL A SHS 74343G204 106.26 11450 SOLE 11450 Promotora De Info Adr Bf ADR CL B Conv 74343G303 3242.42 324242 SOLE 324242 Proshs Ultrashrt S&P PSHS ULSHT SP500 74347R883 6779.31 328471 SOLE 328471 Prudential Financial Inc COM 744320102 3767.71 59250 SOLE 59250 Rentech Inc COM 760112102 14.95 14100 SOLE 14100 Seadrill Ltd SHS G7945E105 8590.01 243481 SOLE 243481 Sigma Aldrich Corp COM 826552101 280.31 3820 SOLE 3820 Sirius Satellite Radio COM 82967N108 55.63 25400 SOLE 25400 Smart Card Mktg Sys CL B 878742204 0.18 35000 SOLE 35000 SRA International Inc CL A 78464R105 906.42 29315 SOLE 29315 Teekay Lng Partners LPF PARTNRSHP UNITS Y8564M105 27073.31 731909 SOLE 731909 Teekay Offshore Partners PARTNERSHIP UN Y8565J101 34325.00 1169506 SOLE 1169506 TOTAL $180404 (X1000)