Cornerstone Advisors

Cornerstone Advisors as of March 31, 2006

Portfolio Holdings for Cornerstone Advisors

Cornerstone Advisors holds 313 positions in its portfolio as reported in the March 2006 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Russell 1000 Index (IWB) 26.6 $28M 400k 70.69
iShares S&P 100 Index (OEF) 22.7 $24M 410k 58.92
iShares Russell 2000 Index (IWM) 16.9 $18M 237k 75.97
Bemis Company 12.4 $13M 419k 31.58
Nordstrom 11.8 $13M 322k 39.18
iShares Russell 1000 Value Index (IWD) 2.5 $2.7M 36k 73.12
iShares Russell 2000 Value Index (IWN) 2.0 $2.1M 28k 74.75
iShares Russell 1000 Growth Index (IWF) 1.4 $1.5M 29k 52.75
Microsoft Corporation (MSFT) 0.9 $941k 35k 27.21
Starbucks Corporation (SBUX) 0.7 $693k 18k 37.65
iShares Russell 3000 Index (IWV) 0.6 $582k 7.7k 75.67
General Electric Company 0.1 $149k 4.3k 34.84
Boeing Company (BA) 0.1 $98k 1.3k 77.72
Waste Management (WM) 0.1 $75k 1.8k 42.59
iShares MSCI EAFE Index Fund (EFA) 0.1 $75k 1.2k 64.77
Procter & Gamble Company (PG) 0.0 $41k 712.00 57.58
Exxon Mobil Corporation (XOM) 0.0 $30k 497.00 60.36
Qualcomm (QCOM) 0.0 $29k 573.00 50.61
JPMorgan Chase & Co. (JPM) 0.0 $21k 509.00 41.26
Charles Schwab Corporation (SCHW) 0.0 $18k 1.0k 17.60
American Express Company (AXP) 0.0 $18k 337.00 53.41
Bank of America Corporation (BAC) 0.0 $18k 400.00 45.00
Johnson & Johnson (JNJ) 0.0 $22k 368.00 59.78
Cisco Systems (CSCO) 0.0 $18k 827.00 21.77
Kohl's Corporation (KSS) 0.0 $16k 300.00 53.33
Verizon Communications (VZ) 0.0 $19k 572.00 33.22
Network Appliance 0.0 $17k 465.00 36.56
Kroger (KR) 0.0 $21k 1.1k 19.96
Sprint Nextel Corporation 0.0 $24k 917.00 26.17
eBay (EBAY) 0.0 $18k 460.00 39.13
Sun Microsystems 0.0 $16k 3.2k 5.03
Amazon (AMZN) 0.0 $20k 548.00 36.50
Yahoo! 0.0 $18k 572.00 31.47
Juniper Networks (JNPR) 0.0 $18k 935.00 19.25
KLA-Tencor Corporation (KLAC) 0.0 $17k 355.00 47.89
Applera Corp Com Shs Applied 0.0 $22k 797.00 27.60
Comcast Corporation (CMCSA) 0.0 $6.0k 245.00 24.49
iShares MSCI Emerging Markets Indx (EEM) 0.0 $9.0k 90.00 100.00
Corning Incorporated (GLW) 0.0 $9.0k 330.00 27.27
State Street Corporation (STT) 0.0 $8.0k 125.00 64.00
TD Ameritrade Holding 0.0 $14k 681.00 20.56
Northern Trust Corporation (NTRS) 0.0 $8.0k 154.00 51.95
Legg Mason 0.0 $13k 105.00 123.81
Coca-Cola Company (KO) 0.0 $11k 261.00 42.15
Eastman Kodak Company 0.0 $8.0k 265.00 30.19
Monsanto Company 0.0 $14k 164.00 85.37
Wal-Mart Stores (WMT) 0.0 $10k 219.00 45.66
Home Depot (HD) 0.0 $13k 307.00 42.35
American Intl Group 0.0 $8.0k 122.00 65.57
Walt Disney Company (DIS) 0.0 $13k 462.00 28.14
Norfolk Southern (NSC) 0.0 $6.0k 120.00 50.00
Chevron Corporation (CVX) 0.0 $7.0k 127.00 55.12
NextEra Energy 0.0 $12k 305.00 39.34
At&t (T) 0.0 $13k 495.00 26.26
Autodesk (ADSK) 0.0 $11k 284.00 38.73
Wells Fargo & Company (WFC) 0.0 $13k 207.00 62.80
Adobe Systems Incorporated (ADBE) 0.0 $15k 430.00 34.88
AFLAC Incorporated (AFL) 0.0 $11k 247.00 44.53
Best Buy (BBY) 0.0 $13k 235.00 55.32
Intel Corporation (INTC) 0.0 $15k 781.00 19.21
Medtronic 0.0 $7.0k 142.00 49.30
Johnson Controls 0.0 $13k 170.00 76.47
Altria (MO) 0.0 $8.0k 117.00 68.38
Amgen (AMGN) 0.0 $12k 167.00 71.86
Colgate-Palmolive Company (CL) 0.0 $6.0k 108.00 55.56
Fluor Corporation (FLR) 0.0 $7.0k 83.00 84.34
Hewlett-Packard Company 0.0 $13k 381.00 34.12
Pepsi (PEP) 0.0 $13k 217.00 59.91
Schlumberger (SLB) 0.0 $8.0k 60.00 133.33
UnitedHealth (UNH) 0.0 $9.0k 159.00 56.60
Walgreen Company 0.0 $10k 221.00 45.25
American Electric Power Company (AEP) 0.0 $8.0k 234.00 34.19
Apollo 0.0 $12k 225.00 53.33
Wachovia Corp 0.0 $13k 231.00 56.28
Dell 0.0 $9.0k 287.00 31.36
Gilead Sciences (GILD) 0.0 $11k 180.00 61.11
Wrigley 0.0 $9.0k 143.00 62.94
Federal Home Loan Mortgage (FMCC) 0.0 $8.0k 127.00 62.99
Sap (SAP) 0.0 $14k 250.00 56.00
Merrill Lynch & Co. 0.0 $10k 126.00 79.37
Google 0.0 $8.0k 21.00 380.95
Forest Laboratories 0.0 $10k 228.00 43.86
Toyota Motor Corporation (TM) 0.0 $12k 109.00 110.09
Wynn Resorts (WYNN) 0.0 $15k 195.00 76.92
Advanced Micro Devices (AMD) 0.0 $14k 424.00 33.02
Broadcom Corporation 0.0 $13k 306.00 42.48
iShares Russell Midcap Value Index (IWS) 0.0 $7.0k 50.00 140.00
Chubb Corporation 0.0 $1.0k 8.00 125.00
NRG Energy (NRG) 0.0 $999.960000 26.00 38.46
Boyd Gaming Corporation (BYD) 0.0 $1.0k 18.00 55.56
Genworth Financial (GNW) 0.0 $2.0k 67.00 29.85
Progressive Corporation (PGR) 0.0 $2.0k 15.00 133.33
U.S. Bancorp (USB) 0.0 $5.0k 148.00 33.78
Assurant (AIZ) 0.0 $1.0k 24.00 41.67
PNC Financial Services (PNC) 0.0 $2.0k 23.00 86.96
Lincoln National Corporation (LNC) 0.0 $1.0k 11.00 90.91
MGIC Investment (MTG) 0.0 $999.960000 13.00 76.92
Ameriprise Financial (AMP) 0.0 $2.0k 40.00 50.00
DST Systems 0.0 $1.0k 14.00 71.43
SEI Investments Company (SEIC) 0.0 $1.0k 20.00 50.00
SLM Corporation (SLM) 0.0 $2.0k 33.00 60.61
Suntrust Banks Inc $1.00 Par Cmn 0.0 $1.0k 20.00 50.00
Equifax (EFX) 0.0 $999.900000 22.00 45.45
Moody's Corporation (MCO) 0.0 $2.0k 24.00 83.33
Costco Wholesale Corporation (COST) 0.0 $5.0k 99.00 50.51
Crown Castle International 0.0 $1.0k 37.00 27.03
Devon Energy Corporation (DVN) 0.0 $2.0k 38.00 52.63
Ecolab (ECL) 0.0 $1.0k 24.00 41.67
FedEx Corporation (FDX) 0.0 $2.0k 14.00 142.86
M&T Bank Corporation (MTB) 0.0 $2.0k 18.00 111.11
McDonald's Corporation (MCD) 0.0 $3.0k 89.00 33.71
Range Resources (RRC) 0.0 $999.950000 35.00 28.57
Republic Services (RSG) 0.0 $1.0k 21.00 47.62
Xto Energy 0.0 $1.0k 27.00 37.04
Peabody Energy Corporation 0.0 $1.0k 27.00 37.04
Abbott Laboratories (ABT) 0.0 $5.0k 120.00 41.67
Baxter International (BAX) 0.0 $2.0k 41.00 48.78
Pfizer (PFE) 0.0 $5.0k 198.00 25.25
Martin Marietta Materials (MLM) 0.0 $2.0k 19.00 105.26
Great Plains Energy Incorporated 0.0 $999.920000 29.00 34.48
Centex Corp 0.0 $999.900000 22.00 45.45
Pulte (PHM) 0.0 $1.0k 20.00 50.00
FirstEnergy (FE) 0.0 $3.0k 52.00 57.69
Bristol Myers Squibb (BMY) 0.0 $3.0k 108.00 27.78
United Parcel Service (UPS) 0.0 $5.0k 65.00 76.92
3M Company (MMM) 0.0 $3.0k 46.00 65.22
Apache Corporation 0.0 $1.0k 21.00 47.62
BMC Software 0.0 $999.810000 63.00 15.87
Carnival Corporation (CCL) 0.0 $5.0k 115.00 43.48
Coach 0.0 $1.0k 23.00 43.48
Cummins (CMI) 0.0 $2.0k 19.00 105.26
Family Dollar Stores 0.0 $1.0k 44.00 22.73
Federated Investors (FHI) 0.0 $999.900000 22.00 45.45
Franklin Resources (BEN) 0.0 $2.0k 21.00 95.24
J.B. Hunt Transport Services (JBHT) 0.0 $999.950000 35.00 28.57
J.C. Penney Company 0.0 $999.900000 22.00 45.45
Kimberly-Clark Corporation (KMB) 0.0 $2.0k 35.00 57.14
Mattel (MAT) 0.0 $1.0k 42.00 23.81
MeadWestva 0.0 $4.0k 133.00 30.08
Microchip Technology (MCHP) 0.0 $1.0k 32.00 31.25
Molex Incorporated 0.0 $2.0k 56.00 35.71
NVIDIA Corporation (NVDA) 0.0 $2.0k 30.00 66.67
Nucor Corporation (NUE) 0.0 $1.0k 14.00 71.43
Pharmaceutical Product Development 0.0 $1.0k 23.00 43.48
Pitney Bowes (PBI) 0.0 $2.0k 39.00 51.28
R.R. Donnelley & Sons Company 0.0 $2.0k 49.00 40.82
Sealed Air (SEE) 0.0 $999.990000 9.00 111.11
Snap-on Incorporated (SNA) 0.0 $1.0k 27.00 37.04
SYSCO Corporation (SYY) 0.0 $1.0k 44.00 22.73
McGraw-Hill Companies 0.0 $1.0k 16.00 62.50
Union Pacific Corporation (UNP) 0.0 $4.0k 40.00 100.00
Molson Coors Brewing Company (TAP) 0.0 $1.0k 20.00 50.00
Black & Decker Corporation 0.0 $2.0k 24.00 83.33
Suno 0.0 $1.0k 16.00 62.50
Boston Scientific Corporation (BSX) 0.0 $1.0k 42.00 23.81
Dow Chemical Company 0.0 $3.0k 64.00 46.88
C.R. Bard 0.0 $1.0k 8.00 125.00
Beckman Coulter 0.0 $1.0k 15.00 66.67
Morgan Stanley (MS) 0.0 $5.0k 79.00 63.29
Cabot Corporation (CBT) 0.0 $999.920000 29.00 34.48
Progress Energy 0.0 $1.0k 20.00 50.00
Affymetrix 0.0 $999.960000 26.00 38.46
Allied Waste Industries 0.0 $999.960000 78.00 12.82
Liz Claiborne 0.0 $999.960000 13.00 76.92
Laboratory Corp. of America Holdings 0.0 $1.0k 14.00 71.43
Darden Restaurants (DRI) 0.0 $999.900000 30.00 33.33
Emerson Electric (EMR) 0.0 $4.0k 43.00 93.02
Rohm & Haas 0.0 $1.0k 20.00 50.00
Analog Devices (ADI) 0.0 $2.0k 42.00 47.62
Rent-A-Center (UPBD) 0.0 $999.940000 34.00 29.41
Mellon Financial Corp. 0.0 $2.0k 49.00 40.82
Lubrizol Corporation 0.0 $1.0k 24.00 41.67
Jefferson-pilot Corp. 0.0 $3.0k 54.00 55.56
Masco Corporation (MAS) 0.0 $999.900000 30.00 33.33
National-Oilwell Var 0.0 $1.0k 21.00 47.62
Lamar Advertising Company 0.0 $1.0k 16.00 62.50
MDU Resources (MDU) 0.0 $1.0k 24.00 41.67
Herman Miller (MLKN) 0.0 $1.0k 25.00 40.00
Cadence Design Systems (CDNS) 0.0 $999.900000 45.00 22.22
Omnicare 0.0 $1.0k 14.00 71.43
A.g. Edwards 0.0 $1.0k 25.00 40.00
Men's Wearhouse 0.0 $999.900000 33.00 30.30
Safeco Corp. 0.0 $1.0k 11.00 90.91
Waters Corporation (WAT) 0.0 $999.960000 13.00 76.92
CVS Caremark Corporation (CVS) 0.0 $2.0k 52.00 38.46
Campbell Soup Company (CPB) 0.0 $2.0k 53.00 37.74
Mylan 0.0 $999.840000 48.00 20.83
Newfield Exploration 0.0 $999.900000 22.00 45.45
Lincare Holdings 0.0 $1.0k 20.00 50.00
Becton, Dickinson and (BDX) 0.0 $999.940000 17.00 58.82
Sonic Corporation 0.0 $999.960000 26.00 38.46
RadioShack Corporation 0.0 $1.0k 51.00 19.61
Air Products & Chemicals (APD) 0.0 $999.940000 17.00 58.82
McKesson Corporation (MCK) 0.0 $2.0k 38.00 52.63
Goodyear Tire & Rubber Company (GT) 0.0 $1.0k 62.00 16.13
PerkinElmer (RVTY) 0.0 $999.950000 35.00 28.57
Plum Creek Timber 0.0 $999.900000 22.00 45.45
Arrow Electronics (ARW) 0.0 $1.0k 16.00 62.50
Avnet (AVT) 0.0 $1.0k 44.00 22.73
Convergys Corporation 0.0 $1.0k 62.00 16.13
Williams-Sonoma (WSM) 0.0 $1.0k 21.00 47.62
Allergan 0.0 $1.0k 5.00 200.00
Anadarko Petroleum Corporation 0.0 $2.0k 21.00 95.24
Apple (AAPL) 0.0 $5.0k 72.00 69.44
BB&T Corporation 0.0 $1.0k 32.00 31.25
Capital One Financial (COF) 0.0 $1.0k 18.00 55.56
ConocoPhillips (COP) 0.0 $5.0k 76.00 65.79
Halliburton Company (HAL) 0.0 $3.0k 39.00 76.92
Marsh & McLennan Companies 0.0 $3.0k 98.00 30.61
Praxair 0.0 $1.0k 23.00 43.48
Symantec Corporation 0.0 $1.0k 47.00 21.28
Target Corporation (TGT) 0.0 $3.0k 64.00 46.88
Texas Instruments Incorporated (TXN) 0.0 $5.0k 150.00 33.33
United Technologies Corporation 0.0 $5.0k 85.00 58.82
Wisconsin Energy Corporation 0.0 $999.950000 35.00 28.57
Xerox Corporation 0.0 $2.0k 139.00 14.39
Gap (GAP) 0.0 $1.0k 46.00 21.74
Federal National Mortgage Association (FNMA) 0.0 $5.0k 104.00 48.08
Danaher Corporation (DHR) 0.0 $3.0k 46.00 65.22
Electronic Data Systems Corp 0.0 $1.0k 43.00 23.26
Staples 0.0 $3.0k 128.00 23.44
Williams Companies (WMB) 0.0 $1.0k 60.00 16.67
Mbia (MBI) 0.0 $999.990000 9.00 111.11
Tribune 0.0 $1.0k 20.00 50.00
Smith International 0.0 $2.0k 40.00 50.00
Sovereign Bancorp 0.0 $1.0k 53.00 18.87
St Paul Travelers Cos 0.0 $5.0k 128.00 39.06
EMC Corporation 0.0 $3.0k 217.00 13.82
Lexmark International 0.0 $1.0k 23.00 43.48
Jacobs Engineering 0.0 $2.0k 24.00 83.33
Wilmington Trust Corporation 0.0 $999.970000 19.00 52.63
Guidant Corp 0.0 $2.0k 23.00 86.96
Biomet 0.0 $1.0k 32.00 31.25
Illinois Tool Works (ITW) 0.0 $2.0k 17.00 117.65
Harman International Industries 0.0 $1.0k 11.00 90.91
Whole Foods Market 0.0 $1.0k 16.00 62.50
EOG Resources (EOG) 0.0 $1.0k 18.00 55.56
Lowe's Companies (LOW) 0.0 $3.0k 54.00 55.56
Marriott International (MAR) 0.0 $2.0k 28.00 71.43
Clorox Company (CLX) 0.0 $2.0k 34.00 58.82
Wesco Financial Corporation 0.0 $2.0k 5.00 400.00
Coventry Health Care 0.0 $1.0k 15.00 66.67
Kellogg Company (K) 0.0 $2.0k 48.00 41.67
Toll Brothers (TOL) 0.0 $999.960000 26.00 38.46
D.R. Horton (DHI) 0.0 $999.900000 22.00 45.45
Advance Auto Parts (AAP) 0.0 $1.0k 20.00 50.00
AutoZone (AZO) 0.0 $1.0k 7.00 142.86
Corporate Executive Board Company 0.0 $1.0k 8.00 125.00
AvalonBay Communities (AVB) 0.0 $2.0k 22.00 90.91
Vornado Realty Trust (VNO) 0.0 $2.0k 16.00 125.00
ConAgra Foods (CAG) 0.0 $999.960000 39.00 25.64
Patterson-UTI Energy (PTEN) 0.0 $1.0k 31.00 32.26
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 184.00 16.30
C.H. Robinson Worldwide (CHRW) 0.0 $1.0k 18.00 55.56
Pioneer Natural Resources 0.0 $1.0k 25.00 40.00
Robert Half International (RHI) 0.0 $999.920000 29.00 34.48
Roper Industries (ROP) 0.0 $1.0k 18.00 55.56
Gra (GGG) 0.0 $1.0k 20.00 50.00
Genzyme Corporation 0.0 $999.970000 19.00 52.63
Commerce Bancorp 0.0 $1.0k 32.00 31.25
HCC Insurance Holdings 0.0 $1.0k 25.00 40.00
Zimmer Holdings (ZBH) 0.0 $4.0k 54.00 74.07
National City Corp. 0.0 $2.0k 50.00 40.00
Choicepoint 0.0 $1.0k 18.00 55.56
Choice Hotels International (CHH) 0.0 $1.0k 18.00 55.56
Checkfree Corp 0.0 $1.0k 23.00 43.48
AnnTaylor Stores 0.0 $1.0k 23.00 43.48
Barnes & Noble 0.0 $999.970000 19.00 52.63
Express Scripts 0.0 $999.960000 13.00 76.92
Edison International (EIX) 0.0 $2.0k 51.00 39.22
Health Net 0.0 $999.940000 17.00 58.82
Humana (HUM) 0.0 $999.960000 13.00 76.92
Key (KEY) 0.0 $1.0k 38.00 26.32
Rogers Communications -cl B (RCI) 0.0 $999.940000 17.00 58.82
Timberland Company 0.0 $999.900000 30.00 33.33
Ingram Micro 0.0 $1.0k 42.00 23.81
National Semiconductor Corporation 0.0 $3.0k 112.00 26.79
Allegheny Energy 0.0 $1.0k 40.00 25.00
Cheesecake Factory Incorporated (CAKE) 0.0 $1.0k 23.00 43.48
Commerce Bancshares (CBSH) 0.0 $1.0k 16.00 62.50
CenterPoint Energy (CNP) 0.0 $999.700000 65.00 15.38
Developers Diversified Realty 0.0 $1.0k 15.00 66.67
Quest Diagnostics Incorporated (DGX) 0.0 $999.960000 26.00 38.46
DTE Energy Company (DTE) 0.0 $1.0k 20.00 50.00
Essex Property Trust (ESS) 0.0 $1.0k 8.00 125.00
Jabil Circuit (JBL) 0.0 $999.900000 33.00 30.30
Southwest Airlines (LUV) 0.0 $2.0k 92.00 21.74
Questar Corporation 0.0 $1.0k 18.00 55.56
Terex Corporation (TEX) 0.0 $1.0k 14.00 71.43
Alliant Techsystems 0.0 $1.0k 11.00 90.91
Celgene Corporation 0.0 $2.0k 47.00 42.55
Panera Bread Company 0.0 $999.960000 12.00 83.33
QLogic Corporation 0.0 $1.0k 42.00 23.81
Hanover Insurance (THG) 0.0 $999.970000 19.00 52.63
Aqua America 0.0 $999.960000 39.00 25.64
United States Steel Corporation 0.0 $1.0k 15.00 66.67
F5 Networks (FFIV) 0.0 $999.960000 13.00 76.92
Nstar 0.0 $999.920000 29.00 34.48
Novellus Systems 0.0 $1.0k 50.00 20.00
Piedmont Natural Gas Company 0.0 $999.950000 35.00 28.57
St. Jude Medical 0.0 $2.0k 43.00 46.51
Yrc Worldwide 0.0 $1.0k 18.00 55.56
Albemarle Corporation (ALB) 0.0 $999.970000 19.00 52.63
Ametek (AME) 0.0 $999.970000 19.00 52.63
Novell 0.0 $1.0k 152.00 6.58
Reliant Energy Inc Com Stk 0.0 $1.0k 81.00 12.35
Allegheny Technologies Incorporated (ATI) 0.0 $1.0k 16.00 62.50
Teradyne (TER) 0.0 $999.810000 69.00 14.49
Pepsiamericas 0.0 $1.0k 21.00 47.62
Vectren Corporation 0.0 $1.0k 32.00 31.25