Dark
Light
System
Institutional Investment Manager
COMMUNITY FINANCIAL SYSTEM, INC.
COMMUNITY FINANCIAL SYSTEM, INC. (CIK: 0000723188) incorporated in Delaware, registered under National Commercial Banks, located at 333 Butternut Drive, Syracuse, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Portfolio Summary: 423 holdings with a total value of $456,175,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 COMMUNITY BK SYS INC COM 1,582,551 61,751,000 13.54%
2 ISHARES TR 215,215 40,491,000 8.88%
3 INTERNATIONAL BUSINESS MACHS 142,615 27,451,000 6.02%
4 ISHARES TR 345,047 21,069,000 4.62%
5 VANGUARD SPECIALIZED FUNDS 117,287 8,822,000 1.93%
6 ISHARES TR 78,574 8,654,000 1.90%
7 ISHARES INC 174,841 8,581,000 1.88%
8 EXXON MOBIL CORP 87,509 8,547,000 1.87%
9 ISHARES TR 61,104 8,400,000 1.84%
10 ISHARES TR 224,270 8,083,000 1.77%
11 JOHNSON & JOHNSON 75,789 7,445,000 1.63%
12 AT&T INC 173,737 6,091,000 1.34%
13 ISHARES TR 67,533 5,845,000 1.28%
14 ISHARES TR 58,250 5,621,000 1.23%
15 PROCTER AND GAMBLE CO 69,046 5,565,000 1.22%
16 GENERAL ELECTRIC CO 205,889 5,328,000 1.17%
17 3M CO 38,396 5,209,000 1.14%
18 VERIZON COMMUNICATIONS INC 107,660 5,121,000 1.12%
19 ISHARES TR 45,350 4,894,000 1.07%
20 SPDR S&P 500 ETF TR 25,830 4,830,000 1.06%
21 COCA COLA CO 123,849 4,787,000 1.05%
22 PEPSICO INC 56,263 4,698,000 1.03%
23 SPDR S&P MIDCAP 400 ETF TR 18,579 4,655,000 1.02%
24 MERCK & CO INC 76,192 4,326,000 0.95%
25 VANGUARD SCOTTSDALE FDS 53,898 4,310,000 0.94%
26 POWERSHARES QQQ TRUST 48,896 4,287,000 0.94%
27 VANGUARD CHARLOTTE FDS 82,500 4,175,000 0.92%
28 SPDR SER TR 130,195 4,031,000 0.88%
29 CHEVRON CORP NEW 33,662 4,003,000 0.88%
30 ISHARES TR 92,784 3,621,000 0.79%
31 INTEL CORP 135,972 3,510,000 0.77%
32 NOVARTIS A G 39,251 3,337,000 0.73%
33 AUTOMATIC DATA PROCESSING IN 42,748 3,303,000 0.72%
34 UNITED TECHNOLOGIES CORP 27,920 3,262,000 0.72%
35 ISHARES INC MSCI EURZONE ETF 75,675 3,199,000 0.70%
36 DOMINION ENERGY INC 44,265 3,142,000 0.69%
37 PUBLIC SVC ENTERPRISE GRP IN 81,819 3,119,000 0.68%
38 ISHARES TR 48,550 3,047,000 0.67%
39 WAL-MART STORES INC 39,634 3,029,000 0.66%
40 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 30,850 2,912,000 0.64%
41 MICROSOFT CORP 69,567 2,851,000 0.62%
42 PFIZER INC 85,359 2,741,000 0.60%
43 ISHARES TR 39,963 2,686,000 0.59%
44 ALPS ETF TR 151,328 2,671,000 0.59%
45 POWERSHARES ETF TRUST II 105,287 2,611,000 0.57%
46 ABBVIE INC 48,945 2,515,000 0.55%
47 CONOCOPHILLIPS 35,649 2,508,000 0.55%
48 SEMPRA ENERGY 25,390 2,457,000 0.54%
49 ILLINOIS TOOL WKS INC 30,083 2,446,000 0.54%
50 VANGUARD BD INDEX FDS 29,938 2,398,000 0.53%
Page 1 of 9

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-14-000193, filed 2014.04.30).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.