13F-HR 1 berson13f3q2012.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: September 30,2012 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: 028-13652 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 October 5, 2012 --------------------- --------------------- ------------------- [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: $152967 (x1000) (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 ---------------------------------------------------------------------------------------------------------------------------- ATT&T Inc COM 00206R102 246.56 6540 SOLE 6540 Amarin Corp Plc New Adrf SPON ADR NEW 23111206 997.83 79350 SOLE 79350 Antares Pharma Inc COM 36642106 67.58 15500 SOLE 15500 Apple Computer Inc COM 037833100 930.64 1395 SOLE 1395 Baker Hughes Inc COM 057224107 7662.32 169408 SOLE 169408 Bank of America Corp COM 60505104 118.77 13451 SOLE 13451 Berkshire Hathaway Cl B CL B 084670207 495.42 5617 SOLE 5617 Boston Scientific Corp COM 101137107 58.84 10250 SOLE 10250 Cenovus Energy Inc COM 15135U109 8403.73 241140 SOLE 241140 Chevrontexaco Corp COM 166764100 286.15 2455 SOLE 2455 Chimera Investment Corp COM 16934Q109 33.88 12500 SOLE 12500 Cliffs Natural resources Inc COM 18683K101 215.22 5500 SOLE 5500 Companhia Vale Do Adr COM 91912E105 6619.10 369782 SOLE 369782 Exxon Mobil Corporation COM 30231G102 456.84 4995 SOLE 4995 Gencor Industries Inc COM 368678108 133.20 18000 SOLE 18000 Goldman Sachs Group Inc COM 38141G104 319.62 2812 SOLE 2812 Hertz Global Hldgs Inc COM 42805T105 7539.47 549124 SOLE 549124 Metlife Inc COM 59156R108 6907.37 200446 SOLE 200446 National Oilwell Varco COM 637071101 11146.59 139141 SOLE 139141 Newcastle Investment Cp COM 65105M108 10237.82 1359604 SOLE 1359604 Promotora De Info Adr Bf ADR CL B Conv 74343G303 2024.24 950349 SOLE 950349 Promotora De Info S ADR CL A SHS 74343G204 309.84 163076 SOLE 163076 Proshs Ultrashrt S&P PSHS ULSHT SP500 74347R883 4866.35 357032 SOLE 357032 Prudential Financial Inc COM 744320102 2010.93 36891 SOLE 36891 Seadrill Ltd SHS G7945E105 8931.89 227738 SOLE 227738 Sigma Aldrich Corp COM 826552101 274.93 3820 SOLE 3820 Sino Clean Energy New COM NEW 82936G200 6.60 20000 SOLE 20000 Sirius Satellite Radio COM 86967N108 39.89 15400 SOLE 15400 Superior Energy Services COM 868157108 8692.64 423618 SOLE 423618 Teekay Lng Partners LPF PARTNRSHP UNITS Y8564M105 23596.20 627225 SOLE 627225 Teekay Offshore Partners PARTNERSHIP UN Y8565J101 26771.47 973154 SOLE 973154 Teekay Tankers Ltd Cl Af CL A Y8565N102 12565.20 3359679 SOLE 3359679 TOTAL $152967 (X1000)