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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 (2014Q2)
Portfolio Summary: 392 holdings with a total value of $458,413,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 COMMUNITY BK SYS INC COM 1,575,021 57,016,000 12.44%
2 ISHARES TR 208,275 41,030,000 8.95%
3 INTERNATIONAL BUSINESS MACHS 144,952 26,275,000 5.73%
4 ISHARES TR 361,526 22,487,000 4.91%
5 ISHARES INC 175,155 9,056,000 1.98%
6 EXXON MOBIL CORP 88,206 8,880,000 1.94%
7 ISHARES TR 78,511 8,800,000 1.92%
8 ISHARES TR 61,049 8,735,000 1.91%
9 ISHARES TR 217,125 8,081,000 1.76%
10 JOHNSON & JOHNSON 75,027 7,850,000 1.71%
11 AT&T INC 176,144 6,228,000 1.36%
12 ISHARES TR 67,789 6,164,000 1.34%
13 ISHARES TR 55,400 6,061,000 1.32%
14 ISHARES TR 58,402 5,914,000 1.29%
15 GENERAL ELECTRIC CO 208,326 5,473,000 1.19%
16 PROCTER AND GAMBLE CO 69,519 5,464,000 1.19%
17 VERIZON COMMUNICATIONS INC 109,809 5,373,000 1.17%
18 VANGUARD SPECIALIZED FUNDS 68,737 5,358,000 1.17%
19 3M CO 37,246 5,335,000 1.16%
20 COCA COLA CO 125,453 5,314,000 1.16%
21 VANGUARD CHARLOTTE FDS 99,450 5,112,000 1.12%
22 SPDR S&P 500 ETF TR 25,643 5,019,000 1.09%
23 SPDR S&P MIDCAP 400 ETF TR 18,842 4,909,000 1.07%
24 PEPSICO INC 54,640 4,882,000 1.06%
25 VANGUARD SCOTTSDALE FDS 55,410 4,454,000 0.97%
26 MERCK & CO INC 76,759 4,440,000 0.97%
27 CHEVRON CORP NEW 33,424 4,363,000 0.95%
28 INTEL CORP 139,515 4,310,000 0.94%
29 SELECT SECTOR SPDR TR 92,250 4,115,000 0.90%
30 ISHARES TR 92,609 3,695,000 0.81%
31 NOVARTIS A G 39,204 3,549,000 0.77%
32 PUBLIC SVC ENTERPRISE GRP IN 83,573 3,409,000 0.74%
33 AUTOMATIC DATA PROCESSING IN 41,661 3,303,000 0.72%
34 ISHARES INC MSCI EURZONE ETF 77,700 3,287,000 0.72%
35 UNITED TECHNOLOGIES CORP 28,369 3,275,000 0.71%
36 ISHARES TR 48,550 3,174,000 0.69%
37 DOMINION ENERGY INC 43,923 3,141,000 0.69%
38 CONOCOPHILLIPS 35,549 3,047,000 0.66%
39 WAL-MART STORES INC 39,609 2,973,000 0.65%
40 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 30,800 2,932,000 0.64%
41 ABBVIE INC 51,631 2,914,000 0.64%
42 MICROSOFT CORP 69,656 2,904,000 0.63%
43 ALPS ETF TR 149,665 2,844,000 0.62%
44 ISHARES TR 39,452 2,697,000 0.59%
45 ILLINOIS TOOL WKS INC 29,308 2,566,000 0.56%
46 CISCO SYS INC 103,106 2,562,000 0.56%
47 VANGUARD BD INDEX FDS 31,419 2,524,000 0.55%
48 SEMPRA ENERGY 24,015 2,514,000 0.55%
49 PFIZER INC 84,029 2,494,000 0.54%
50 VANGUARD BD INDEX FDS 29,892 2,458,000 0.54%
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-14-000300, filed 2014.07.25).

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.