Cornerstone Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Company	Common	88579Y101	1,312	12,000	SH		SOLE		12,000	0	0
Abbott Laboratories	Common	002824100	914	26,200	SH		SOLE		26,200	0	0
AbbVie Inc.	Common	00287Y109	918	22,200	SH		SOLE		22,200	0	0
Aberdeen Asia-Pac Prme Fd	Common	003009107	83	13,352	SH		SOLE		13,352	0	0
Aberdeen Israel Fund, Inc.	Common	32063L100	206	14,293	SH		SOLE		14,293	0	0
Adams Express Co.	Common	006212104	2,305	192,597	SH		SOLE		192,597	0	0
Advent Claymore Conv Sec Incm	Common	007639107	596	86,353	SH		SOLE		86,353	0	0
Advent Claymore Enh Gwth&Incm	Common	00765E104	771	78,855	SH		SOLE		78,855	0	0
AFLAC Inc.	Common	001055102	320	5,500	SH		SOLE		5,500	0	0
Air Products & Chemicals	Common	009158106	320	3,500	SH		SOLE		3,500	0	0
Allergan Inc.	Common	018490102	421	5,000	SH		SOLE		5,000	0	0
AllianzGI Equity & Convertible	Common	018829101	1,326	72,361	SH		SOLE		72,361	0	0
AllianzGI International & Prem	Common	01882X108	1,745	185,451	SH		SOLE		185,451	0	0
AllianzGI NFJ Dividend Inte Fd	Common	01883A107	1,426	84,629	SH		SOLE		84,629	0	0
Allstate Corporation	Common	020002101	505	10,500	SH		SOLE		10,500	0	0
Alpine Global Dynamic Div	Common	02082E106	2,456	533,902	SH		SOLE		533,902	0	0
Alpine Total Dynamic Div.	Sh Ben Int	021060108	8,309	2,125,064	SH		SOLE		2,125,064	0	0
Altria Group Inc	Common	02209S103	973	27,800	SH		SOLE		27,800	0	0
American Express Co.	Common	025816109	1,077	14,400	SH		SOLE		14,400	0	0
Ameriprise Financial, Inc.	Common	03076C106	202	2,500	SH		SOLE		2,500	0	0
Amgen Inc.	Common	031162100	1,756	17,800	SH		SOLE		17,800	0	0
Aon Corp cl A	Common	G0408V102	515	8,000	SH		SOLE		8,000	0	0
Apple Inc.	Common	037833100	4,713	11,900	SH		SOLE		11,900	0	0
Asia Pacific Fund Inc.	Common	044901106	228	22,580	SH		SOLE		22,580	0	0
AT&T Inc.	Common	00206R102	1,721	48,628	SH		SOLE		48,628	0	0
Automatic Data Processing Inc.	Common	053015103	516	7,500	SH		SOLE		7,500	0	0
BB&T Corp	Common	054937107	356	10,500	SH		SOLE		10,500	0	0
Berkshire Hathaway cl B	Common	084670702	2,238	20,000	SH		SOLE		20,000	0	0
Biogen Idec Inc.	Common	09062X103	1,291	6,000	SH		SOLE		6,000	0	0
BlackRock Credit Allocation In	Common	092508100	164	12,613	SH		SOLE		12,613	0	0
Blackrock Ecosolut. Invest Tr	Common	092546100	580	72,351	SH		SOLE		72,351	0	0
BlackRock Energy and Res Trust	Common	09250U101	4,756	190,014	SH		SOLE		190,014	0	0
BlackRock Enh Eqty Div Tr	Common	09251A104	3,270	429,635	SH		SOLE		429,635	0	0
BlackRock Enhanced Cap & Inc	Common	09256A109	1,282	101,619	SH		SOLE		101,619	0	0
Blackrock Global Opportunities	Common	092501105	12,593	932,809	SH		SOLE		932,809	0	0
BlackRock High Yld Fd V	Common	09255N102	1,494	122,161	SH		SOLE		122,161	0	0
Blackrock Inc.	Common	09247X101	642	2,500	SH		SOLE		2,500	0	0
Blackrock Intl Growth & Inc Tr	Sh Ben Int	092524107	8,281	1,123,651	SH		SOLE		1,123,651	0	0
Blackrock Real Asset Equity	Common	09254B109	3,240	372,874	SH		SOLE		372,874	0	0
BlackRock Util and Infra Trust	Common	09248D104	1,329	73,386	SH		SOLE		73,386	0	0
Bristol-Myers Squibb Co.	Common	110122108	670	15,000	SH		SOLE		15,000	0	0
Capital One Financial Corp.	Common	14040H105	440	7,000	SH		SOLE		7,000	0	0
CBS Corp. cl B	Common, Cl B	124857202	440	9,000	SH		SOLE		9,000	0	0
Celgene Corp.	Common	151020104	1,111	9,500	SH		SOLE		9,500	0	0
Central Europe Russia & Turkey	Common	153436100	361	12,109	SH		SOLE		12,109	0	0
Chevron Corp	Common	166764100	2,098	17,732	SH		SOLE		17,732	0	0
China Fund	Common	169373107	3,473	173,827	SH		SOLE		173,827	0	0
Cigna Corporation	Common	125509109	326	4,500	SH		SOLE		4,500	0	0
Cisco Systems Inc.	Common	17275R102	486	20,000	SH		SOLE		20,000	0	0
Citigroup Inc.	Common	172967424	576	12,000	SH		SOLE		12,000	0	0
Clough Global Allocat. Fd	Sh Ben Int	18913Y103	1,182	77,902	SH		SOLE		77,902	0	0
Clough Global Equity Fund	Common	18914C100	412	27,532	SH		SOLE		27,532	0	0
Clough Global Opps. Fund	Sh Ben Int	18914E106	173	13,473	SH		SOLE		13,473	0	0
Coca-Cola Company	Common	191216100	1,564	39,000	SH		SOLE		39,000	0	0
Cohen & Steers Div Mjrs Fd Inc	Common	19248G106	218	15,206	SH		SOLE		15,206	0	0
Cohen & Steers REIT & Pfd	Common	19247X100	1,044	60,407	SH		SOLE		60,407	0	0
Colgate-Palmolive Co	Common	194162103	974	17,000	SH		SOLE		17,000	0	0
Comcast cl A	Common, Cl A	20030N101	1,383	33,025	SH		SOLE		33,025	0	0
ConocoPhillips	Common	20825C104	1,813	29,974	SH		SOLE		29,974	0	0
Consolidated Edison, Inc.	Common	209115104	262	4,500	SH		SOLE		4,500	0	0
Costco Wholesale Corp	Common	22160K105	553	5,000	SH		SOLE		5,000	0	0
Covidien Ltd	Common	G2554F113	258	4,099	SH		SOLE		4,099	0	0
Cutwater Select Income Fund	Common	232229104	376	20,481	SH		SOLE		20,481	0	0
CVS Caremark Corp.	Common	126650100	1,168	20,430	SH		SOLE		20,430	0	0
Deere & Company	Common	244199105	731	9,000	SH		SOLE		9,000	0	0
Delaware Enhanced Glbl Div	Common	246060107	2,745	236,064	SH		SOLE		236,064	0	0
DIRECTV	Common	25490A309	739	12,000	SH		SOLE		12,000	0	0
Discover Financial Services	Common	254709108	572	12,000	SH		SOLE		12,000	0	0
Dow Chemical Company	Common	260543103	354	11,000	SH		SOLE		11,000	0	0
Duff & Phelps Glbl Utl Inc Fnd	Common	26433C105	868	46,400	SH		SOLE		46,400	0	0
Duke Energy Corp	Common	26441C204	532	7,879	SH		SOLE		7,879	0	0
DWS Hi Incm Opportunities Fd	Common	23339M204	2,100	145,731	SH		SOLE		145,731	0	0
Eaton Vance Enh Equity Inc Fd	Common	278274105	1,255	108,700	SH		SOLE		108,700	0	0
Eaton Vance Natl Muni Opps Tr	Common	27829L105	410	20,775	SH		SOLE		20,775	0	0
Eaton Vance Tax-Managed Fund	Common	27828N102	283	27,859	SH		SOLE		27,859	0	0
eBay Inc.	Common	278642103	983	19,000	SH		SOLE		19,000	0	0
Ecolab Inc	Common	278865100	383	4,500	SH		SOLE		4,500	0	0
Eli Lilly & Co.	Common	532457108	516	10,500	SH		SOLE		10,500	0	0
Emerson Electric Co.	Common	291011104	600	11,000	SH		SOLE		11,000	0	0
EOG Resources Inc	Common	26875P101	724	5,500	SH		SOLE		5,500	0	0
Exxon Mobil Corporation	Common	30231G102	4,150	45,936	SH		SOLE		45,936	0	0
Federated Enhanced Trsry In Fd	Sh Ben Int	314162108	1,332	102,354	SH		SOLE		102,354	0	0
First Trust Dividend & Incm Fd	Common	33731L100	372	45,718	SH		SOLE		45,718	0	0
First Trust High Incm Lg/St Fd	Common	33738E109	1,459	83,100	SH		SOLE		83,100	0	0
First Trust Mortgage Incm Fd	Common	33734E103	552	34,806	SH		SOLE		34,806	0	0
First Trust Strategic Fund II	Common	337353106	1,030	65,377	SH		SOLE		65,377	0	0
Ford Motor Company	Common	345370860	418	27,000	SH		SOLE		27,000	0	0
Franklin Resources, Inc.	Common	354613101	612	4,500	SH		SOLE		4,500	0	0
Gap Inc.	Common	364760108	292	7,000	SH		SOLE		7,000	0	0
GDL Fund (The)	Sh Ben Int	361570104	160	14,068	SH		SOLE		14,068	0	0
General American Investors Co.	Common	368802104	2,917	91,343	SH		SOLE		91,343	0	0
General Electric Company	Common	369604103	2,968	128,000	SH		SOLE		128,000	0	0
Google Inc	Common	38259P508	1,761	2,000	SH		SOLE		2,000	0	0
Greater China Fund	Common	39167B102	893	81,449	SH		SOLE		81,449	0	0
Guggenheim Eql Wt Eqty Incm Fd	Common	40167M106	768	42,197	SH		SOLE		42,197	0	0
Hess Corporation	Common	42809H107	266	4,000	SH		SOLE		4,000	0	0
Home Depot Inc.	Common	437076102	1,867	24,100	SH		SOLE		24,100	0	0
Honeywell Intl Inc	Common	438516106	714	9,000	SH		SOLE		9,000	0	0
IBM Corp	Common	459200101	1,739	9,100	SH		SOLE		9,100	0	0
India Fund, Inc.	Common	454089103	6,207	323,776	SH		SOLE		323,776	0	0
ING Glb Eq Div & Prm Opp Fd	Common	45684E107	1,083	115,529	SH		SOLE		115,529	0	0
ING Risk Managed Nat'l Res	Common	449810100	534	49,371	SH		SOLE		49,371	0	0
Invesco Bond Fund	Common	46132L107	480	26,204	SH		SOLE		26,204	0	0
Invesco Municipal Trust	Common	46131J103	205	16,200	SH		SOLE		16,200	0	0
Invesco Qual Muni Incm Tr	Common	46133G107	1,273	105,051	SH		SOLE		105,051	0	0
Invesco Value Municipl Incm Tr	Common	46132P108	439	30,806	SH		SOLE		30,806	0	0
John Hancock Prem Div Fd	Common	41013T105	1,511	113,987	SH		SOLE		113,987	0	0
Johnson & Johnson	Common	478160104	2,104	24,500	SH		SOLE		24,500	0	0
JPMorgan Chase & Co	Common	46625H100	3,396	64,332	SH		SOLE		64,332	0	0
Kimberly-Clark Corp.	Common	494368103	389	4,000	SH		SOLE		4,000	0	0
Lockheed Martin Corp.	Common	539830109	597	5,500	SH		SOLE		5,500	0	0
Lowes Companies Inc.	Common	548661107	654	16,000	SH		SOLE		16,000	0	0
Macy's Inc.	Common	55616P104	432	9,000	SH		SOLE		9,000	0	0
Marathon Oil Corp	Common	565849106	412	11,900	SH		SOLE		11,900	0	0
Marsh & McLennan Company Inc	Common	571748102	399	10,000	SH		SOLE		10,000	0	0
Mastercard Inc.	Common	57636Q104	689	1,200	SH		SOLE		1,200	0	0
McKesson Corp	Common	58155Q103	435	3,800	SH		SOLE		3,800	0	0
Merck & Co. Inc.	Common	58933Y105	1,034	22,267	SH		SOLE		22,267	0	0
MetLife, Inc.	Common	59156R108	709	15,500	SH		SOLE		15,500	0	0
MFS Invstmt Grade Muni Trust	Common	59318B108	324	34,606	SH		SOLE		34,606	0	0
Microsoft Corporation	Common	594918104	2,686	77,800	SH		SOLE		77,800	0	0
Monsanto Co	Common	61166W101	988	10,000	SH		SOLE		10,000	0	0
MS Emerging Mkts Debt Fund	Common	617477104	3,038	210,406	SH		SOLE		210,406	0	0
MS Inco Secs	Common	61745P874	605	35,505	SH		SOLE		35,505	0	0
MS Thai Fund	Common	882904105	1,602	74,184	SH		SOLE		74,184	0	0
MS Turkish Invest Fund	Common	900145103	1,073	67,557	SH		SOLE		67,557	0	0
MSDW India Invest	Common	61745C105	3,678	238,677	SH		SOLE		238,677	0	0
Neuberger Berman High Yd St Fd	Common	64128C106	1,548	120,760	SH		SOLE		120,760	0	0
Neuberger Berman Real Est Sec	Common	64190A103	971	201,040	SH		SOLE		201,040	0	0
New Germany Fund	Common	644465106	379	21,535	SH		SOLE		21,535	0	0
New Ireland Fund Inc	Common	645673104	272	26,313	SH		SOLE		26,313	0	0
News Corporation Class B	Common	65249B208	246	7,500	SH		SOLE		7,500	0	0
NextEra Energy, Inc.	Common	65339F101	733	9,000	SH		SOLE		9,000	0	0
Nike Inc cl B	Common	654106103	764	12,000	SH		SOLE		12,000	0	0
Nuv Div Adv Mun Fd 2	Common	67070F100	2,330	167,046	SH		SOLE		167,046	0	0
Nuv Div Adv Mun Fd 3	Sh Ben Int	67070X101	2,731	206,076	SH		SOLE		206,076	0	0
Nuv Mun Adv Fund	Common	67062H106	657	48,992	SH		SOLE		48,992	0	0
Nuv Mun Mkt Opp Fd	Common	67062W103	734	56,299	SH		SOLE		56,299	0	0
Nuv Qlty Inc Mun Fd	Common	670977107	1,480	109,530	SH		SOLE		109,530	0	0
Nuv Qlty Pfd Inc 3	Common	67072W101	919	109,146	SH		SOLE		109,146	0	0
Nuv Sel Qlty Mun Fd	Common	670973106	1,637	120,350	SH		SOLE		120,350	0	0
Nuveen AMT-Free Muni Incm Fd	Common	670657105	1,458	113,225	SH		SOLE		113,225	0	0
Nuveen Bld America Bnd Opp Fd	Common	67074Q102	1,513	75,662	SH		SOLE		75,662	0	0
Nuveen Div Adv Muni Incm Fd	Common	67071L106	830	62,170	SH		SOLE		62,170	0	0
Nuveen Diversified Currency Op	Common	67090N109	3,381	301,565	SH		SOLE		301,565	0	0
Nuveen Global Value Opp	Common	6706EH103	668	51,758	SH		SOLE		51,758	0	0
Omnicom Group Inc	Common	681919106	283	4,500	SH		SOLE		4,500	0	0
Oracle Corporation	Common	68389X105	2,331	75,872	SH		SOLE		75,872	0	0
Petroleum & Resource Corp.	Common	716549100	2,975	115,848	SH		SOLE		115,848	0	0
Pfizer Inc.	Common	717081103	461	16,462	SH		SOLE		16,462	0	0
Philip Morris Intl	Common	718172109	693	8,000	SH		SOLE		8,000	0	0
Phillips 66	Common	718546104	736	12,487	SH		SOLE		12,487	0	0
PPG Industries Inc.	Common	693506107	293	2,000	SH		SOLE		2,000	0	0
Precision Castparts Corp	Common	740189105	791	3,500	SH		SOLE		3,500	0	0
Public Service Enterprise Grp	Common	744573106	212	6,500	SH		SOLE		6,500	0	0
Putnam High Income Sec	Common	746779107	729	92,221	SH		SOLE		92,221	0	0
Putnam Master Intrmt Incm Trst	Sh Ben Int	746909100	907	182,085	SH		SOLE		182,085	0	0
Putnam Muni Opp Tr	Common	746922103	350	30,393	SH		SOLE		30,393	0	0
Putnam Prem Inc Tr	Sh Ben Int	746853100	1,948	364,171	SH		SOLE		364,171	0	0
Qualcomm Inc.	Common	747525103	305	5,000	SH		SOLE		5,000	0	0
Reaves Utility Income Fund	Sh Ben Int	756158101	6,725	265,075	SH		SOLE		265,075	0	0
Schlumberger Ltd.	Common	806857108	824	11,500	SH		SOLE		11,500	0	0
Singapore Fund	Common	82929L109	832	64,314	SH		SOLE		64,314	0	0
Southern Company	Common	842587107	530	12,000	SH		SOLE		12,000	0	0
Starbucks Corporation	Common	855244109	458	7,000	SH		SOLE		7,000	0	0
State Street Corp	Common	857477103	228	3,500	SH		SOLE		3,500	0	0
SunTrust Banks, Inc.	Common	867914103	347	11,000	SH		SOLE		11,000	0	0
Swiss Helvetia Fund	Common	870875101	1,678	136,212	SH		SOLE		136,212	0	0
Taiwan Fund	Common	874036106	691	42,550	SH		SOLE		42,550	0	0
Templeton Dragon	Common	88018T101	1,686	67,184	SH		SOLE		67,184	0	0
Templeton Rus & East Euro	Common	88022F105	487	35,490	SH		SOLE		35,490	0	0
Time Warner Inc	Common	887317303	831	14,366	SH		SOLE		14,366	0	0
TJX Companies Inc.	Common	872540109	901	18,000	SH		SOLE		18,000	0	0
Transamerica Inc Shrs	Common	893506105	524	25,412	SH		SOLE		25,412	0	0
Tri-Continental Corp.	Common	895436103	1,391	77,642	SH		SOLE		77,642	0	0
Union Pacific Corp.	Common	907818108	1,311	8,500	SH		SOLE		8,500	0	0
United Parcel Service Inc.	Common	911312106	346	4,000	SH		SOLE		4,000	0	0
United Technologies Corp	Common	913017109	790	8,500	SH		SOLE		8,500	0	0
Verizon Communications, Inc.	Common	92343V104	1,812	36,000	SH		SOLE		36,000	0	0
Viacom Inc cl B	Common, Cl B	92553P201	405	5,950	SH		SOLE		5,950	0	0
Virtus Total Return Fund	Common	92829A103	387	99,974	SH		SOLE		99,974	0	0
VISA Inc.	Common	92826C839	1,828	10,000	SH		SOLE		10,000	0	0
W. Asset Claymore Infl-link Op	Common	95766R104	3,318	280,028	SH		SOLE		280,028	0	0
W. Asset/Claymore Infl-linked	Sh Ben Int	95766Q106	1,154	96,497	SH		SOLE		96,497	0	0
Walgreen Company	Common	931422109	265	6,000	SH		SOLE		6,000	0	0
Wal-Mart Stores, Inc.	Common	931142103	4,075	54,700	SH		SOLE		54,700	0	0
Walt Disney Company	Common	254687106	1,560	24,700	SH		SOLE		24,700	0	0
Waste Management Inc.	Common	94106L109	242	6,000	SH		SOLE		6,000	0	0
WellPoint, Inc.	Common	94973V107	205	2,500	SH		SOLE		2,500	0	0
Wells Fargo & Co	Common	949746101	3,665	88,800	SH		SOLE		88,800	0	0
Western Asset Income Fund	Common	95766T100	185	14,383	SH		SOLE		14,383	0	0
Weyerhaeuser Co	Common	962166104	313	11,000	SH		SOLE		11,000	0	0
Xcel Energy Inc	Common	98389B100	269	9,500	SH		SOLE		9,500	0	0
Yahoo! Inc.	Common	984332106	276	11,000	SH		SOLE		11,000	0	0
Zweig Fund, Inc.	Common	989834205	757	59,061	SH		SOLE		59,061	0	0
Zweig Total Return	Common	989837208	4,166	323,978	SH		SOLE		323,978	0	0