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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
251 ISHARES TR 400 42,000 0.01%
252 GENUINE PARTS CO 479 42,000 0.01%
253 ISHARES RUSSELL 1000 ETF 374 39,000 0.01%
254 ISHARES TR 1,175 38,000 0.01%
255 AETNA INC NEW 500 37,000 0.01%
256 GLAXOSMITHKLINE PLC 700 37,000 0.01%
257 ISHARES TR 411 37,000 0.01%
258 WASTE MGMT INC DEL 875 37,000 0.01%
259 CELGENE CORP 260 36,000 0.01%
260 EQUITY RESIDENTIAL 600 35,000 0.01%
261 AMAZON COM INC 105 35,000 0.01%
262 AMERIGAS PARTNERS L P 800 34,000 0.01%
263 ALLSTATE CORP 600 34,000 0.01%
264 INTERCONTINENTAL EXCHANGE IN 170 34,000 0.01%
265 PLAINS ALL AMERN PIPELINE L 600 33,000 0.01%
266 INFUSYSTEM HLDGS INC 12,000 33,000 0.01%
267 PDL BIOPHARMA INC 4,000 33,000 0.01%
268 RITE AID CORP 5,000 31,000 0.01%
269 UIL HLDGS CP 847 31,000 0.01%
270 DEERE & CO 339 31,000 0.01%
271 POWERSHARES ETF TRUST 300 30,000 0.01%
272 PARKER HANNIFIN CORP 250 30,000 0.01%
273 BLACKROCK TAX MUNICPAL BD TR SHS 1,500 30,000 0.01%
274 Berkshire Hills Bancorp Inc 1,127 29,000 0.01%
275 VANGUARD WHITEHALL FDS 450 28,000 0.01%
276 MARATHON OIL CORP 760 27,000 0.01%
277 BANK N S HALIFAX 440 26,000 0.01%
278 RAYTHEON CO 250 25,000 0.01%
279 GOLDMAN SACHS GROUP INC 150 25,000 0.01%
280 VANGUARD WORLD FD 275 25,000 0.01%
281 SYMANTEC CORP 1,250 25,000 0.01%
282 NORTHEASTUTILITI 551 25,000 0.01%
283 ISHARES INC 495 24,000 0.01%
284 ISHARES TR 225 23,000 0.01%
285 TOYOTA MOTOR CORP 200 23,000 0.01%
286 NORTHERN TIER ENERGY LP COM UN REPR PART 900 23,000 0.01%
287 AGL Resources Inc 451 22,000 0.00%
288 KAYNE ANDERSON ENRGY TTL RT FD 800 22,000 0.00%
289 TEVA PHARMACEUTICAL INDS LTD 400 22,000 0.00%
290 THERMO FISHER SCIENTIFIC INC 180 22,000 0.00%
291 VANGUARD WORLD FDS 200 22,000 0.00%
292 PRUDENTIAL FINL INC 265 22,000 0.00%
293 VANGUARD WORLD FD 200 21,000 0.00%
294 POWERSHARES ETF TRUST 246 21,000 0.00%
295 HENRY SCHEIN INC 180 21,000 0.00%
296 ONEOK PARTNERS LP 400 21,000 0.00%
297 VIACOM INC NEW 250 21,000 0.00%
298 CITIGROUPINC 410 20,000 0.00%
299 AVON PRODS INC 1,390 20,000 0.00%
300 VANGUARD INDEX FDS 200 20,000 0.00%
Page 6 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.