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 (2014Q2)
Portfolio Summary: 392 holdings with a total value of $458,413,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ABBOTT LABS 57,455 2,350,000 0.51%
52 ISHARES TR 31,015 2,252,000 0.49%
53 JPMORGAN CHASE & CO 38,397 2,212,000 0.48%
54 GENERAL MLS INC 41,229 2,166,000 0.47%
55 VANGUARD INDEX FDS 26,725 2,000,000 0.44%
56 DBX ETF TRUST MSCI JAPAN CURRENCY 48,225 1,771,000 0.39%
57 APPLE INC 18,422 1,712,000 0.37%
58 SYSCO CORP 45,175 1,692,000 0.37%
59 POWERSHARES ETF TR II 35,700 1,626,000 0.35%
60 UNITED PARCEL SERVICE INC 15,831 1,626,000 0.35%
61 NUCOR CORP 32,744 1,613,000 0.35%
62 EMERSON ELEC CO 23,755 1,576,000 0.34%
63 BHP BILLITON LTD 22,955 1,571,000 0.34%
64 WISDOMTREE TR 62,325 1,533,000 0.33%
65 NORFOLK SOUTHERN CORP 14,673 1,512,000 0.33%
66 NEXTERA ENERGY INC 14,750 1,511,000 0.33%
67 NOBLE CORP PLC 45,050 1,511,000 0.33%
68 MCDONALDS CORP 14,893 1,500,000 0.33%
69 M & T BK CORP 11,946 1,482,000 0.32%
70 DOW CHEM CO 27,832 1,431,000 0.31%
71 BRISTOL MYERS SQUIBB CO 29,030 1,408,000 0.31%
72 COLGATE PALMOLIVE CO 20,420 1,392,000 0.30%
73 DISNEY WALT CO 16,121 1,383,000 0.30%
74 POTASH CORP SASK INC 35,189 1,336,000 0.29%
75 ISHARES TR 12,126 1,282,000 0.28%
76 CLAYMORE EXCHANGE TRD FD TR 58,950 1,254,000 0.27%
77 CATERPILLAR INC 11,317 1,230,000 0.27%
78 SCHLUMBERGER LTD 9,762 1,151,000 0.25%
79 VANGUARD WORLD FDS 23,550 1,092,000 0.24%
80 WELLS FARGO & CO NEW 20,366 1,070,000 0.23%
81 EXELON CORP 29,291 1,068,000 0.23%
82 Chubb Corporation 11,422 1,053,000 0.23%
83 BEMIS INC 24,275 987,000 0.22%
84 APACHE CORP 9,568 963,000 0.21%
85 UNITEDHEALTH GROUP INC 11,765 962,000 0.21%
86 ISHARES 13,925 944,000 0.21%
87 WISDOMTREE TR 15,495 920,000 0.20%
88 US BANCORP DEL 20,492 888,000 0.19%
89 MONSANTO CO NEW 7,106 887,000 0.19%
90 Van Eck 28,750 867,000 0.19%
91 TEXAS INSTRS INC 18,020 861,000 0.19%
92 PIMCO ETF TR 8,182 830,000 0.18%
93 SELECT SECTOR SPDR TR 20,719 794,000 0.17%
94 AMGEN INC 6,500 770,000 0.17%
95 VANGUARD INTL EQUITY INDEX F 17,632 760,000 0.17%
96 iShares Mortgage Real Estate C 60,000 758,000 0.17%
97 SELECT SECTOR SPDR TR 33,125 753,000 0.16%
98 Walgreens 9,950 738,000 0.16%
99 DU PONT E I DE NEMOURS & CO 10,479 686,000 0.15%
100 ROYAL DUTCH SHELL PLC 7,787 641,000 0.14%
Page 2 of 8

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.