Cornerstone Advisors

Cornerstone Advisors as of Sept. 30, 2008

Portfolio Holdings for Cornerstone Advisors

Cornerstone Advisors holds 285 positions in its portfolio as reported in the September 2008 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Russell 1000 Index (IWB) 57.1 $65M 1.0M 63.56
iShares Russell 2000 Index (IWM) 15.7 $18M 262k 68.00
Nordstrom (JWN) 8.2 $9.4M 325k 28.82
Bemis Company 8.0 $9.1M 346k 26.21
Microsoft Corporation (MSFT) 1.7 $1.9M 71k 26.69
iShares Russell 1000 Value Index (IWD) 0.9 $1.1M 17k 63.92
iShares Russell 3000 Index (IWV) 0.9 $1.0M 15k 68.76
iShares Russell 1000 Growth Index (IWF) 0.9 $1.0M 21k 48.56
Wal-Mart Stores (WMT) 0.7 $781k 13k 59.88
iShares S&P 100 Index (OEF) 0.4 $427k 8.1k 53.00
Starbucks Corporation (SBUX) 0.3 $293k 20k 14.88
At&t (T) 0.2 $279k 10k 27.89
Ipath Dow Jones-aig Commodity (DJP) 0.2 $277k 5.4k 51.59
Exxon Mobil Corporation (XOM) 0.2 $227k 2.9k 77.74
Procter & Gamble Company (PG) 0.2 $232k 3.3k 69.80
Baxter International (BAX) 0.2 $201k 3.1k 65.71
Medtronic 0.2 $207k 4.1k 50.19
Abbott Laboratories (ABT) 0.2 $178k 3.1k 57.72
McDonald's Corporation (MCD) 0.1 $167k 2.7k 61.53
Chevron Corporation (CVX) 0.1 $172k 2.1k 82.57
3M Company (MMM) 0.1 $174k 2.5k 68.42
Emerson Electric (EMR) 0.1 $167k 4.1k 40.87
Johnson & Johnson (JNJ) 0.1 $164k 2.4k 69.17
Sherwin-Williams Company (SHW) 0.1 $154k 2.7k 57.04
Avnet (AVT) 0.1 $161k 6.6k 24.58
NiSource (NI) 0.1 $148k 10k 14.80
Hewlett-Packard Company 0.1 $153k 3.3k 46.32
Protective Life 0.1 $143k 5.0k 28.60
Intel Corporation (INTC) 0.1 $139k 7.4k 18.78
Coca-Cola Company (KO) 0.1 $129k 2.4k 52.89
Bristol Myers Squibb (BMY) 0.1 $126k 6.0k 20.88
AFLAC Incorporated (AFL) 0.1 $121k 2.1k 58.68
iShares MSCI EAFE Index Fund (EFA) 0.1 $123k 2.2k 56.09
Bank of America Corporation (BAC) 0.1 $108k 3.1k 34.99
Colgate-Palmolive Company (CL) 0.1 $119k 1.6k 75.17
Schlumberger (SLB) 0.1 $111k 1.4k 78.33
General Electric Company 0.1 $97k 3.8k 25.49
Cisco Systems (CSCO) 0.1 $98k 4.4k 22.49
Pepsi (PEP) 0.1 $97k 1.4k 71.53
Duke Energy Corporation 0.1 $88k 5.1k 17.36
Illinois Tool Works (ITW) 0.1 $92k 2.1k 44.66
Sara Lee 0.1 $74k 5.9k 12.65
Boeing Company (BA) 0.1 $70k 1.2k 57.61
Apple (AAPL) 0.1 $68k 597.00 113.90
Walgreen Company 0.1 $64k 2.1k 30.90
Gannett 0.1 $68k 4.0k 17.00
Hormel Foods Corporation (HRL) 0.1 $73k 2.0k 36.50
Macy's (M) 0.1 $54k 3.0k 18.00
Spectra Energy 0.0 $48k 2.0k 23.88
Verizon Communications (VZ) 0.0 $29k 913.00 31.76
Google 0.0 $34k 84.00 404.76
BP (BP) 0.0 $25k 500.00 50.00
JPMorgan Chase & Co. (JPM) 0.0 $19k 397.00 47.86
Costco Wholesale Corporation (COST) 0.0 $28k 434.00 64.52
Pfizer (PFE) 0.0 $26k 1.4k 18.31
Raytheon Company 0.0 $28k 521.00 53.74
Encana Corp 0.0 $23k 350.00 65.71
First Cash Financial Services 0.0 $18k 1.2k 15.00
iShares Lehman Aggregate Bond (AGG) 0.0 $26k 264.00 98.48
iShares MSCI Emerging Markets Indx (EEM) 0.0 $9.0k 270.00 33.33
Charles Schwab Corporation (SCHW) 0.0 $6.0k 245.00 24.49
U.S. Bancorp (USB) 0.0 $7.0k 188.00 37.23
American Intl Group 0.0 $7.0k 2.0k 3.54
Walt Disney Company (DIS) 0.0 $7.0k 234.00 29.91
NVIDIA Corporation (NVDA) 0.0 $7.0k 657.00 10.65
Wells Fargo & Company (WFC) 0.0 $14k 374.00 37.43
General Motors Corp 0.0 $7.0k 770.00 9.09
CVS Caremark Corporation (CVS) 0.0 $6.0k 183.00 32.79
Target Corporation (TGT) 0.0 $6.0k 117.00 51.28
Qualcomm (QCOM) 0.0 $9.0k 201.00 44.78
Amazon (AMZN) 0.0 $10k 133.00 75.19
Chubb Corporation 0.0 $1.0k 16.00 62.50
Packaging Corporation of America (PKG) 0.0 $999.960000 52.00 19.23
Comcast Corporation (CMCSA) 0.0 $999.960000 52.00 19.23
NRG Energy (NRG) 0.0 $1.0k 24.00 41.67
Time Warner Cable Inc cl a 0.0 $999.840000 48.00 20.83
BlackRock (BLK) 0.0 $2.0k 8.00 250.00
Cme (CME) 0.0 $3.0k 8.00 375.00
Goldman Sachs (GS) 0.0 $1.0k 11.00 90.91
Progressive Corporation (PGR) 0.0 $1.0k 70.00 14.29
State Street Corporation (STT) 0.0 $999.960000 13.00 76.92
Western Union Company (WU) 0.0 $1.0k 56.00 17.86
Assurant (AIZ) 0.0 $1.0k 24.00 41.67
American Express Company (AXP) 0.0 $2.0k 67.00 29.85
PNC Financial Services (PNC) 0.0 $2.0k 31.00 64.52
Lincoln National Corporation (LNC) 0.0 $2.0k 36.00 55.56
Ameriprise Financial (AMP) 0.0 $999.970000 19.00 52.63
Northern Trust Corporation (NTRS) 0.0 $2.0k 34.00 58.82
DST Systems 0.0 $1.0k 14.00 71.43
SEI Investments Company (SEIC) 0.0 $1.0k 40.00 25.00
SLM Corporation (SLM) 0.0 $1.0k 68.00 14.71
Suntrust Banks Inc $1.00 Par Cmn 0.0 $4.0k 99.00 40.40
Moody's Corporation (MCO) 0.0 $1.0k 24.00 41.67
Caterpillar (CAT) 0.0 $999.970000 19.00 52.63
Crown Castle International 0.0 $1.0k 37.00 27.03
CSX Corporation (CSX) 0.0 $2.0k 28.00 71.43
Devon Energy Corporation (DVN) 0.0 $5.0k 51.00 98.04
Ecolab (ECL) 0.0 $1.0k 24.00 41.67
FedEx Corporation (FDX) 0.0 $4.0k 45.00 88.89
Monsanto Company 0.0 $999.960000 12.00 83.33
Range Resources (RRC) 0.0 $2.0k 35.00 57.14
Republic Services (RSG) 0.0 $999.900000 30.00 33.33
Xto Energy 0.0 $2.0k 32.00 62.50
Home Depot (HD) 0.0 $3.0k 110.00 27.27
Eli Lilly & Co. (LLY) 0.0 $999.940000 17.00 58.82
Norfolk Southern (NSC) 0.0 $4.0k 65.00 61.54
NextEra Energy 0.0 $1.0k 21.00 47.62
Pulte (PHM) 0.0 $999.840000 48.00 20.83
FirstEnergy (FE) 0.0 $1.0k 14.00 71.43
United Parcel Service (UPS) 0.0 $4.0k 64.00 62.50
Apache Corporation 0.0 $4.0k 34.00 117.65
Avon Products 0.0 $2.0k 41.00 48.78
BMC Software 0.0 $2.0k 63.00 31.75
CarMax (KMX) 0.0 $2.0k 114.00 17.54
Carnival Corporation (CCL) 0.0 $999.940000 34.00 29.41
Cummins (CMI) 0.0 $999.960000 26.00 38.46
Edwards Lifesciences (EW) 0.0 $1.0k 16.00 62.50
Family Dollar Stores 0.0 $2.0k 64.00 31.25
Federated Investors (FHI) 0.0 $999.900000 22.00 45.45
Franklin Resources (BEN) 0.0 $3.0k 35.00 85.71
Hologic (HOLX) 0.0 $1.0k 42.00 23.81
Hudson City Ban 0.0 $1.0k 70.00 14.29
J.B. Hunt Transport Services (JBHT) 0.0 $999.950000 35.00 28.57
Kimberly-Clark Corporation (KMB) 0.0 $999.940000 17.00 58.82
Kohl's Corporation (KSS) 0.0 $999.920000 29.00 34.48
Kraft Foods 0.0 $2.0k 73.00 27.40
Mattel (MAT) 0.0 $1.0k 42.00 23.81
MeadWestva 0.0 $999.960000 39.00 25.64
Northrop Grumman Corporation (NOC) 0.0 $999.940000 17.00 58.82
Nucor Corporation (NUE) 0.0 $999.880000 28.00 35.71
Pharmaceutical Product Development 0.0 $1.0k 23.00 43.48
Public Storage (PSA) 0.0 $2.0k 16.00 125.00
Snap-on Incorporated (SNA) 0.0 $1.0k 27.00 37.04
SYSCO Corporation (SYY) 0.0 $2.0k 80.00 25.00
McGraw-Hill Companies 0.0 $1.0k 47.00 21.28
Travelers Companies (TRV) 0.0 $5.0k 111.00 45.05
Union Pacific Corporation (UNP) 0.0 $1.0k 18.00 55.56
Adobe Systems Incorporated (ADBE) 0.0 $3.0k 79.00 37.97
Molson Coors Brewing Company (TAP) 0.0 $2.0k 40.00 50.00
Best Buy (BBY) 0.0 $2.0k 46.00 43.48
Suno 0.0 $1.0k 16.00 62.50
Boston Scientific Corporation (BSX) 0.0 $1.0k 96.00 10.42
C.R. Bard 0.0 $1.0k 8.00 125.00
Harley-Davidson (HOG) 0.0 $2.0k 46.00 43.48
Johnson Controls 0.0 $2.0k 60.00 33.33
Verisign (VRSN) 0.0 $1.0k 47.00 21.28
Vulcan Materials Company (VMC) 0.0 $999.970000 19.00 52.63
Beckman Coulter 0.0 $1.0k 15.00 66.67
Morgan Stanley (MS) 0.0 $1.0k 37.00 27.03
Progress Energy 0.0 $1.0k 20.00 50.00
Western Digital (WDC) 0.0 $999.920000 58.00 17.24
Laboratory Corp. of America Holdings (LH) 0.0 $1.0k 14.00 71.43
E.I. du Pont de Nemours & Company 0.0 $999.960000 26.00 38.46
Rohm & Haas 0.0 $1.0k 20.00 50.00
Safeway 0.0 $2.0k 90.00 22.22
AmerisourceBergen (COR) 0.0 $999.900000 30.00 33.33
Equity Residential (EQR) 0.0 $999.900000 33.00 30.30
Directv Group 0.0 $999.840000 48.00 20.83
Lubrizol Corporation 0.0 $1.0k 24.00 41.67
National-Oilwell Var 0.0 $4.0k 75.00 53.33
MDU Resources (MDU) 0.0 $1.0k 36.00 27.78
Office Depot 0.0 $999.640000 134.00 7.46
Valero Energy Corporation (VLO) 0.0 $1.0k 40.00 25.00
Waters Corporation (WAT) 0.0 $999.960000 13.00 76.92
Campbell Soup Company (CPB) 0.0 $2.0k 53.00 37.74
Kroger (KR) 0.0 $3.0k 100.00 30.00
Mylan 0.0 $999.680000 64.00 15.62
Newfield Exploration 0.0 $1.0k 31.00 32.26
Becton, Dickinson and (BDX) 0.0 $999.940000 17.00 58.82
RadioShack Corporation 0.0 $1.0k 60.00 16.67
Yum! Brands (YUM) 0.0 $999.940000 34.00 29.41
Air Products & Chemicals (APD) 0.0 $999.940000 17.00 58.82
McKesson Corporation (MCK) 0.0 $2.0k 38.00 52.63
PerkinElmer (RVTY) 0.0 $999.950000 35.00 28.57
Sprint Nextel Corporation 0.0 $2.0k 370.00 5.41
Plum Creek Timber 0.0 $999.900000 22.00 45.45
Lockheed Martin Corporation (LMT) 0.0 $999.960000 12.00 83.33
Alcoa 0.0 $1.0k 44.00 22.73
Allergan 0.0 $2.0k 32.00 62.50
Altria (MO) 0.0 $2.0k 82.00 24.39
Amgen (AMGN) 0.0 $5.0k 87.00 57.47
Baker Hughes Incorporated 0.0 $999.970000 19.00 52.63
BB&T Corporation 0.0 $2.0k 57.00 35.09
Capital One Financial (COF) 0.0 $2.0k 35.00 57.14
ConocoPhillips (COP) 0.0 $4.0k 53.00 75.47
Deere & Company (DE) 0.0 $2.0k 42.00 47.62
General Mills (GIS) 0.0 $2.0k 22.00 90.91
Halliburton Company (HAL) 0.0 $999.900000 30.00 33.33
Hess (HES) 0.0 $999.940000 17.00 58.82
Honeywell International (HON) 0.0 $1.0k 24.00 41.67
Marsh & McLennan Companies (MMC) 0.0 $3.0k 95.00 31.58
Motorola 0.0 $1.0k 125.00 8.00
Nike (NKE) 0.0 $2.0k 31.00 64.52
Occidental Petroleum Corporation (OXY) 0.0 $1.0k 20.00 50.00
Philip Morris International (PM) 0.0 $3.0k 63.00 47.62
Praxair 0.0 $3.0k 39.00 76.92
Sigma-Aldrich Corporation 0.0 $2.0k 40.00 50.00
Stryker Corporation (SYK) 0.0 $999.940000 17.00 58.82
Texas Instruments Incorporated (TXN) 0.0 $4.0k 181.00 22.10
United Technologies Corporation 0.0 $1.0k 15.00 66.67
UnitedHealth (UNH) 0.0 $3.0k 124.00 24.19
WellPoint 0.0 $999.960000 12.00 83.33
Xerox Corporation 0.0 $1.0k 126.00 7.94
American Electric Power Company (AEP) 0.0 $1.0k 20.00 50.00
Apollo 0.0 $1.0k 23.00 43.48
Gap (GPS) 0.0 $3.0k 143.00 20.98
Liberty Media Corp-ent Ser A E nt com ser a 0.0 $999.900000 45.00 22.22
Sun Microsystems 0.0 $1.0k 125.00 8.00
Biogen Idec (BIIB) 0.0 $1.0k 10.00 100.00
Federal National Mortgage Association (FNMA) 0.0 $4.0k 2.7k 1.48
Ford Motor Company (F) 0.0 $2.0k 299.00 6.69
Danaher Corporation (DHR) 0.0 $1.0k 14.00 71.43
Staples 0.0 $3.0k 123.00 24.39
Williams Companies (WMB) 0.0 $1.0k 60.00 16.67
Dell 0.0 $2.0k 114.00 17.54
Gilead Sciences (GILD) 0.0 $5.0k 100.00 50.00
Mbia (MBI) 0.0 $1.0k 82.00 12.20
Smith International 0.0 $2.0k 32.00 62.50
Sovereign Bancorp 0.0 $999.790000 149.00 6.71
EMC Corporation 0.0 $4.0k 298.00 13.42
TJX Companies (TJX) 0.0 $3.0k 104.00 28.85
Southern Company (SO) 0.0 $999.950000 35.00 28.57
Wrigley 0.0 $3.0k 32.00 93.75
EOG Resources (EOG) 0.0 $2.0k 18.00 111.11
General Dynamics Corporation (GD) 0.0 $1.0k 15.00 66.67
Lowe's Companies (LOW) 0.0 $3.0k 118.00 25.42
Clorox Company (CLX) 0.0 $2.0k 34.00 58.82
Wesco Financial Corporation 0.0 $2.0k 5.00 400.00
Merrill Lynch & Co. 0.0 $2.0k 98.00 20.41
Fifth Third Ban (FITB) 0.0 $4.0k 306.00 13.07
Prudential Financial (PRU) 0.0 $1.0k 18.00 55.56
Kellogg Company (K) 0.0 $3.0k 48.00 62.50
Dollar Tree (DLTR) 0.0 $1.0k 31.00 32.26
AutoZone (AZO) 0.0 $1.0k 7.00 142.86
AvalonBay Communities (AVB) 0.0 $1.0k 8.00 125.00
ConAgra Foods (CAG) 0.0 $999.960000 39.00 25.64
PPL Corporation (PPL) 0.0 $999.900000 30.00 33.33
Sybase 0.0 $1.0k 38.00 26.32
Alliance Data Systems Corporation (BFH) 0.0 $1.0k 18.00 55.56
Applied Materials (AMAT) 0.0 $3.0k 204.00 14.71
C.H. Robinson Worldwide (CHRW) 0.0 $1.0k 18.00 55.56
First Solar (FSLR) 0.0 $1.0k 5.00 200.00
Oracle Corporation (ORCL) 0.0 $2.0k 74.00 27.03
Pioneer Natural Resources (PXD) 0.0 $1.0k 25.00 40.00
Roper Industries (ROP) 0.0 $1.0k 18.00 55.56
Genzyme Corporation 0.0 $3.0k 37.00 81.08
Marathon Oil Corporation (MRO) 0.0 $999.920000 29.00 34.48
Zimmer Holdings (ZBH) 0.0 $3.0k 52.00 57.69
CNA Financial Corporation (CNA) 0.0 $1.0k 47.00 21.28
Techne Corporation 0.0 $2.0k 28.00 71.43
Yahoo! 0.0 $1.0k 68.00 14.71
Amphenol Corporation (APH) 0.0 $999.960000 26.00 38.46
CONSOL Energy 0.0 $1.0k 25.00 40.00
Juniper Networks (JNPR) 0.0 $1.0k 49.00 20.41
Activision Blizzard 0.0 $1.0k 72.00 13.89
salesforce (CRM) 0.0 $1.0k 18.00 55.56
Express Scripts 0.0 $1.0k 20.00 50.00
Edison International (EIX) 0.0 $999.960000 26.00 38.46
Humana (HUM) 0.0 $999.960000 26.00 38.46
Key (KEY) 0.0 $1.0k 79.00 12.66
Watson Pharmaceuticals 0.0 $999.960000 52.00 19.23
Lam Research Corporation (LRCX) 0.0 $999.920000 29.00 34.48
Allegheny Energy 0.0 $999.970000 19.00 52.63
Commerce Bancshares (CBSH) 0.0 $1.0k 15.00 66.67
CenterPoint Energy (CNP) 0.0 $999.700000 65.00 15.38
DTE Energy Company (DTE) 0.0 $1.0k 20.00 50.00
Essex Property Trust (ESS) 0.0 $1.0k 8.00 125.00
Southwest Airlines (LUV) 0.0 $999.900000 99.00 10.10
MetLife (MET) 0.0 $999.900000 22.00 45.45
Sirius XM Radio 0.0 $4.0k 6.9k 0.58
Questar Corporation 0.0 $1.0k 36.00 27.78
Textron (TXT) 0.0 $999.900000 22.00 45.45
Alliant Techsystems 0.0 $1.0k 11.00 90.91
Celgene Corporation 0.0 $2.0k 30.00 66.67
Energen Corporation 0.0 $1.0k 16.00 62.50
United States Steel Corporation (X) 0.0 $1.0k 15.00 66.67
Nstar 0.0 $1.0k 36.00 27.78
Piedmont Natural Gas Company 0.0 $999.950000 35.00 28.57
Albemarle Corporation (ALB) 0.0 $1.0k 38.00 26.32
Ametek (AME) 0.0 $999.880000 28.00 35.71
Reliant Energy Inc Com Stk 0.0 $1.0k 81.00 12.35
Cameron International Corporation 0.0 $3.0k 66.00 45.45
Tor Dom Bk Cad (TD) 0.0 $999.960000 13.00 76.92
Simon Property (SPG) 0.0 $999.960000 13.00 76.92
iShares MSCI ACWI Index Fund (ACWI) 0.0 $1.0k 27.00 37.04