Cornerstone Advisors

Cornerstone Advisors as of Dec. 31, 2006

Portfolio Holdings for Cornerstone Advisors

Cornerstone Advisors holds 315 positions in its portfolio as reported in the December 2006 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Russell 1000 Index (IWB) 29.4 $36M 470k 76.84
iShares S&P 100 Index (OEF) 23.0 $28M 426k 66.08
iShares Russell 2000 Index (IWM) 15.0 $18M 236k 78.03
Nordstrom 12.9 $16M 322k 49.34
Bemis Company 10.1 $12M 365k 33.98
iShares Russell 1000 Value Index (IWD) 2.4 $3.0M 36k 82.71
iShares Russell 2000 Value Index (IWN) 1.6 $2.0M 25k 80.05
iShares Russell 1000 Growth Index (IWF) 1.4 $1.7M 31k 55.03
Microsoft Corporation (MSFT) 0.8 $1.0M 35k 29.85
iShares Russell 3000 Index (IWV) 0.7 $839k 10k 82.07
iShares Lehman Aggregate Bond (AGG) 0.7 $795k 8.0k 99.75
Starbucks Corporation (SBUX) 0.6 $699k 20k 35.43
iShares MSCI EAFE Index Fund (EFA) 0.1 $176k 2.4k 73.33
General Electric Company 0.1 $112k 3.0k 37.17
Boeing Company (BA) 0.1 $111k 1.3k 88.66
Intel Corporation (INTC) 0.1 $95k 4.7k 20.23
Waste Management (WM) 0.1 $79k 1.7k 45.35
Exxon Mobil Corporation (XOM) 0.0 $36k 471.00 76.43
Verizon Communications (VZ) 0.0 $31k 838.00 36.99
Hewlett-Packard Company 0.0 $42k 1.0k 41.46
Google 0.0 $40k 87.00 459.77
First Cash Financial Services 0.0 $31k 1.2k 25.83
JPMorgan Chase & Co. (JPM) 0.0 $24k 491.00 48.88
Costco Wholesale Corporation (COST) 0.0 $24k 460.00 52.17
Johnson & Johnson (JNJ) 0.0 $27k 406.00 66.50
General Motors Corp 0.0 $21k 674.00 31.16
Procter & Gamble Company (PG) 0.0 $21k 324.00 64.81
iShares MSCI Emerging Markets Indx (EEM) 0.0 $10k 90.00 111.11
American Express Company (AXP) 0.0 $8.0k 126.00 63.49
Bank of America Corporation (BAC) 0.0 $12k 224.00 53.57
Coca-Cola Company (KO) 0.0 $12k 252.00 47.62
Home Depot (HD) 0.0 $13k 322.00 40.37
Pfizer (PFE) 0.0 $7.0k 251.00 27.89
Walt Disney Company (DIS) 0.0 $10k 300.00 33.33
Chevron Corporation (CVX) 0.0 $8.0k 115.00 69.57
Bristol Myers Squibb (BMY) 0.0 $8.0k 317.00 25.24
At&t (T) 0.0 $18k 495.00 36.36
Cisco Systems (CSCO) 0.0 $18k 646.00 27.86
Wells Fargo & Company (WFC) 0.0 $15k 414.00 36.23
Altria (MO) 0.0 $9.0k 106.00 84.91
Amgen (AMGN) 0.0 $11k 167.00 65.87
Apple (AAPL) 0.0 $7.0k 85.00 82.35
Colgate-Palmolive Company (CL) 0.0 $7.0k 108.00 64.81
Pepsi (PEP) 0.0 $14k 217.00 64.52
UnitedHealth (UNH) 0.0 $7.0k 127.00 55.12
Encana Corp 0.0 $16k 350.00 45.71
Qualcomm (QCOM) 0.0 $7.0k 188.00 37.23
Wachovia Corp 0.0 $16k 280.00 57.14
St Paul Travelers Cos 0.0 $8.0k 152.00 52.63
Federal Home Loan Mortgage (FMCC) 0.0 $8.0k 118.00 67.80
Applied Materials (AMAT) 0.0 $7.0k 364.00 19.23
iShares Russell Midcap Value Index (IWS) 0.0 $7.0k 50.00 140.00
Chubb Corporation 0.0 $3.0k 49.00 61.22
Comcast Corporation (CMCSA) 0.0 $5.0k 108.00 46.30
NRG Energy (NRG) 0.0 $999.960000 26.00 38.46
Idearc 0.0 $999.960000 39.00 25.64
Boyd Gaming Corporation (BYD) 0.0 $1.0k 18.00 55.56
Genworth Financial (GNW) 0.0 $2.0k 67.00 29.85
Goldman Sachs (GS) 0.0 $5.0k 25.00 200.00
Progressive Corporation (PGR) 0.0 $1.0k 60.00 16.67
Charles Schwab Corporation (SCHW) 0.0 $6.0k 285.00 21.05
U.S. Bancorp (USB) 0.0 $5.0k 148.00 33.78
Assurant (AIZ) 0.0 $1.0k 24.00 41.67
TD Ameritrade Holding 0.0 $999.990000 41.00 24.39
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
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 20.00 50.00
SLM Corporation (SLM) 0.0 $2.0k 33.00 60.61
Suntrust Banks Inc $1.00 Par Cmn 0.0 $3.0k 40.00 75.00
Equifax (EFX) 0.0 $999.900000 22.00 45.45
Moody's Corporation (MCO) 0.0 $2.0k 24.00 83.33
Crown Castle International 0.0 $1.0k 37.00 27.03
Devon Energy Corporation (DVN) 0.0 $3.0k 38.00 78.95
Eastman Kodak Company 0.0 $999.900000 30.00 33.33
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 $4.0k 89.00 44.94
Range Resources (RRC) 0.0 $999.950000 35.00 28.57
Republic Services (RSG) 0.0 $1.0k 21.00 47.62
Wal-Mart Stores (WMT) 0.0 $6.0k 134.00 44.78
Xto Energy 0.0 $1.0k 27.00 37.04
Abbott Laboratories (ABT) 0.0 $5.0k 101.00 49.50
Baxter International (BAX) 0.0 $2.0k 41.00 48.78
Eli Lilly & Co. (LLY) 0.0 $3.0k 62.00 48.39
American Intl Group 0.0 $4.0k 49.00 81.63
Norfolk Southern (NSC) 0.0 $6.0k 117.00 51.28
Great Plains Energy Incorporated 0.0 $999.920000 29.00 34.48
Centex Corp 0.0 $1.0k 10.00 100.00
KB Home (KBH) 0.0 $1.0k 18.00 55.56
Pulte (PHM) 0.0 $4.0k 118.00 33.90
FirstEnergy (FE) 0.0 $3.0k 52.00 57.69
Cardinal Health (CAH) 0.0 $1.0k 16.00 62.50
United Parcel Service (UPS) 0.0 $6.0k 78.00 76.92
3M Company (MMM) 0.0 $2.0k 26.00 76.92
Apache Corporation 0.0 $1.0k 21.00 47.62
Autodesk (ADSK) 0.0 $1.0k 14.00 71.43
BMC Software 0.0 $2.0k 63.00 31.75
Bed Bath & Beyond 0.0 $999.880000 28.00 35.71
CarMax (KMX) 0.0 $2.0k 30.00 66.67
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 $2.0k 22.00 90.91
Kimberly-Clark Corporation (KMB) 0.0 $4.0k 52.00 76.92
Mattel (MAT) 0.0 $1.0k 42.00 23.81
MeadWestva 0.0 $3.0k 87.00 34.48
Microchip Technology (MCHP) 0.0 $1.0k 32.00 31.25
Molex Incorporated 0.0 $2.0k 56.00 35.71
Nucor Corporation (NUE) 0.0 $2.0k 28.00 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 $1.0k 15.00 66.67
Snap-on Incorporated (SNA) 0.0 $1.0k 27.00 37.04
SYSCO Corporation (SYY) 0.0 $2.0k 44.00 45.45
McGraw-Hill Companies 0.0 $1.0k 16.00 62.50
Union Pacific Corporation (UNP) 0.0 $3.0k 31.00 96.77
Adobe Systems Incorporated (ADBE) 0.0 $2.0k 49.00 40.82
Molson Coors Brewing Company (TAP) 0.0 $2.0k 20.00 100.00
AFLAC Incorporated (AFL) 0.0 $4.0k 78.00 51.28
Best Buy (BBY) 0.0 $2.0k 46.00 43.48
Black & Decker Corporation 0.0 $1.0k 8.00 125.00
Suno 0.0 $1.0k 16.00 62.50
Boston Scientific Corporation (BSX) 0.0 $3.0k 152.00 19.74
Medtronic 0.0 $6.0k 110.00 54.55
C.R. Bard 0.0 $1.0k 8.00 125.00
Harley-Davidson (HOG) 0.0 $3.0k 49.00 61.22
Johnson Controls 0.0 $2.0k 20.00 100.00
Verisign (VRSN) 0.0 $1.0k 47.00 21.28
Beckman Coulter 0.0 $1.0k 15.00 66.67
Morgan Stanley (MS) 0.0 $6.0k 69.00 86.96
Cabot Corporation (CBT) 0.0 $999.920000 29.00 34.48
Progress Energy 0.0 $1.0k 20.00 50.00
Affymetrix 0.0 $1.0k 37.00 27.03
Allied Waste Industries 0.0 $999.960000 78.00 12.82
Liz Claiborne 0.0 $999.960000 13.00 76.92
Western Digital (WDC) 0.0 $999.920000 58.00 17.24
Laboratory Corp. of America Holdings 0.0 $1.0k 14.00 71.43
Bea Systems 0.0 $999.630000 87.00 11.49
Darden Restaurants (DRI) 0.0 $999.900000 30.00 33.33
E.I. du Pont de Nemours & Company 0.0 $2.0k 42.00 47.62
Emerson Electric (EMR) 0.0 $4.0k 86.00 46.51
Rohm & Haas 0.0 $1.0k 20.00 50.00
Rent-A-Center (UPBD) 0.0 $999.940000 34.00 29.41
Safeway 0.0 $999.940000 17.00 58.82
Mellon Financial Corp. 0.0 $2.0k 49.00 40.82
Lubrizol Corporation 0.0 $1.0k 24.00 41.67
Masco Corporation (MAS) 0.0 $999.900000 30.00 33.33
National-Oilwell Var 0.0 $2.0k 38.00 52.63
Lamar Advertising Company 0.0 $1.0k 16.00 62.50
MDU Resources (MDU) 0.0 $1.0k 36.00 27.78
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 $2.0k 25.00 80.00
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
Kroger (KR) 0.0 $999.960000 52.00 19.23
Newfield Exploration 0.0 $2.0k 44.00 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 39.00 25.64
RadioShack Corporation 0.0 $1.0k 43.00 23.26
Air Products & Chemicals (APD) 0.0 $999.940000 17.00 58.82
McKesson Corporation (MCK) 0.0 $2.0k 38.00 52.63
Red Hat 0.0 $999.990000 41.00 24.39
PerkinElmer (RVTY) 0.0 $999.950000 35.00 28.57
Sprint Nextel Corporation 0.0 $2.0k 116.00 17.24
NiSource (NI) 0.0 $1.0k 23.00 43.48
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 50.00 20.00
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 42.00 47.62
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
Deere & Company (DE) 0.0 $2.0k 21.00 95.24
Halliburton Company (HAL) 0.0 $2.0k 78.00 25.64
Hess (HES) 0.0 $2.0k 39.00 51.28
Motorola 0.0 $3.0k 155.00 19.35
Occidental Petroleum Corporation (OXY) 0.0 $1.0k 20.00 50.00
Praxair 0.0 $1.0k 23.00 43.48
Sigma-Aldrich Corporation 0.0 $2.0k 20.00 100.00
Symantec Corporation 0.0 $999.960000 39.00 25.64
Target Corporation (TGT) 0.0 $4.0k 64.00 62.50
Texas Instruments Incorporated (TXN) 0.0 $6.0k 221.00 27.15
United Technologies Corporation 0.0 $5.0k 73.00 68.49
Walgreen Company 0.0 $5.0k 109.00 45.87
WellPoint 0.0 $3.0k 33.00 90.91
Wisconsin Energy Corporation 0.0 $2.0k 35.00 57.14
Xerox Corporation 0.0 $1.0k 77.00 12.99
American Electric Power Company (AEP) 0.0 $3.0k 69.00 43.48
Gap (GAP) 0.0 $1.0k 46.00 21.74
Federal National Mortgage Association (FNMA) 0.0 $5.0k 81.00 61.73
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 $2.0k 60.00 33.33
Dell 0.0 $2.0k 85.00 23.53
Gilead Sciences (GILD) 0.0 $1.0k 16.00 62.50
Mbia (MBI) 0.0 $999.990000 9.00 111.11
Sun Microsystems 0.0 $3.0k 643.00 4.67
Tribune 0.0 $1.0k 27.00 37.04
Smith International 0.0 $2.0k 53.00 37.74
Sovereign Bancorp 0.0 $3.0k 125.00 24.00
EMC Corporation 0.0 $3.0k 217.00 13.82
Lexmark International 0.0 $2.0k 23.00 86.96
Wilmington Trust Corporation 0.0 $999.970000 19.00 52.63
Illinois Tool Works (ITW) 0.0 $2.0k 34.00 58.82
Wrigley 0.0 $1.0k 16.00 62.50
Whole Foods Market 0.0 $2.0k 32.00 62.50
EOG Resources (EOG) 0.0 $1.0k 18.00 55.56
Lowe's Companies (LOW) 0.0 $3.0k 108.00 27.78
Marriott International (MAR) 0.0 $3.0k 56.00 53.57
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 $6.0k 68.00 88.24
Fifth Third Ban (FITB) 0.0 $1.0k 18.00 55.56
Coventry Health Care 0.0 $1.0k 15.00 66.67
Ceridian Corp. 0.0 $1.0k 23.00 43.48
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 $3.0k 22.00 136.36
Vornado Realty Trust (VNO) 0.0 $2.0k 16.00 125.00
ConAgra Foods (CAG) 0.0 $999.960000 39.00 25.64
Dean Foods Company 0.0 $999.900000 33.00 30.30
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
C.H. Robinson Worldwide (CHRW) 0.0 $1.0k 18.00 55.56
Oracle Corporation (ORCL) 0.0 $2.0k 134.00 14.93
Pioneer Natural Resources 0.0 $1.0k 25.00 40.00
Robert Half International (RHI) 0.0 $1.0k 23.00 43.48
Roper Industries (ROP) 0.0 $1.0k 18.00 55.56
Varian Medical Systems 0.0 $1.0k 23.00 43.48
Gra (GGG) 0.0 $999.960000 26.00 38.46
Genzyme Corporation 0.0 $999.970000 19.00 52.63
Bear Stearns Companies 0.0 $3.0k 18.00 166.67
Commerce Bancorp 0.0 $1.0k 32.00 31.25
Amazon (AMZN) 0.0 $999.900000 33.00 30.30
Forest Laboratories 0.0 $3.0k 61.00 49.18
HCC Insurance Holdings 0.0 $1.0k 25.00 40.00
Zimmer Holdings (ZBH) 0.0 $4.0k 56.00 71.43
NVR (NVR) 0.0 $2.0k 3.00 666.67
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
Philadelphia Cons Hldg Corp 0.0 $1.0k 32.00 31.25
Yahoo! 0.0 $1.0k 43.00 23.26
Cytyc Corp 0.0 $1.0k 42.00 23.81
Advanced Micro Devices (AMD) 0.0 $1.0k 31.00 32.26
Amphenol Corporation (APH) 0.0 $999.900000 22.00 45.45
Micron Technology (MU) 0.0 $3.0k 193.00 15.54
CONSOL Energy 0.0 $999.900000 33.00 30.30
AnnTaylor Stores 0.0 $1.0k 23.00 43.48
Barnes & Noble 0.0 $999.970000 19.00 52.63
Juniper Networks (JNPR) 0.0 $1.0k 56.00 17.86
salesforce (CRM) 0.0 $1.0k 18.00 55.56
Edison International (EIX) 0.0 $999.960000 26.00 38.46
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
Timberland Company 0.0 $1.0k 24.00 41.67
Ingram Micro 0.0 $1.0k 42.00 23.81
National Semiconductor Corporation 0.0 $1.0k 37.00 27.03
Allegheny Energy 0.0 $2.0k 40.00 50.00
Cheesecake Factory Incorporated (CAKE) 0.0 $1.0k 23.00 43.48
Commerce Bancshares (CBSH) 0.0 $1.0k 15.00 66.67
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
Southwest Airlines (LUV) 0.0 $1.0k 94.00 10.64
Questar Corporation 0.0 $1.0k 18.00 55.56
Terex Corporation (TEX) 0.0 $2.0k 28.00 71.43
Textron (TXT) 0.0 $2.0k 20.00 100.00
Alliant Techsystems 0.0 $1.0k 11.00 90.91
Celgene Corporation 0.0 $3.0k 47.00 63.83
Panera Bread Company 0.0 $999.960000 12.00 83.33
QLogic Corporation 0.0 $1.0k 42.00 23.81
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 $2.0k 50.00 40.00
Piedmont Natural Gas Company 0.0 $999.950000 35.00 28.57
St. Jude Medical 0.0 $1.0k 27.00 37.04
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 $999.880000 28.00 35.71
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
Cameron International Corporation 0.0 $2.0k 38.00 52.63
Applera Corp Com Shs Applied 0.0 $1.0k 40.00 25.00
Vectren Corporation 0.0 $1.0k 32.00 31.25
Cutter & Buck 0.0 $999.750000 75.00 13.33