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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 (2014Q3)
Portfolio Summary: 385 holdings with a total value of $456,908,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 COMMUNITY BK SYS INC COM 1,688,984 56,733,000 12.42%
2 ISHARES TR 210,025 41,640,000 9.11%
3 INTERNATIONAL BUSINESS MACHS 141,492 26,859,000 5.88%
4 ISHARES TR 361,440 21,050,000 4.61%
5 ISHARES INC 174,980 8,756,000 1.92%
6 ISHARES TR 61,005 8,342,000 1.83%
7 ISHARES TR 216,900 8,173,000 1.79%
8 ISHARES TR 78,312 8,168,000 1.79%
9 EXXON MOBIL CORP 86,820 8,165,000 1.79%
10 JOHNSON & JOHNSON 73,158 7,797,000 1.71%
11 ISHARES TR 64,100 6,994,000 1.53%
12 ISHARES TR 67,598 6,194,000 1.36%
13 AT&T INC 175,175 6,171,000 1.35%
14 ISHARES TR 58,035 5,808,000 1.27%
15 PROCTER AND GAMBLE CO 68,441 5,732,000 1.25%
16 VERIZON COMMUNICATIONS INC 111,023 5,550,000 1.21%
17 GENERAL ELECTRIC CO 209,436 5,363,000 1.17%
18 COCA COLA CO 124,908 5,327,000 1.17%
19 VANGUARD SPECIALIZED FUNDS 68,672 5,284,000 1.16%
20 VANGUARD CHARLOTTE FDS 99,475 5,184,000 1.13%
21 PEPSICO INC 53,895 5,017,000 1.10%
22 3M CO 34,996 4,959,000 1.09%
23 SPDR S&P 500 ETF TR 25,118 4,949,000 1.08%
24 INTEL CORP 137,504 4,787,000 1.05%
25 SPDR S&P MIDCAP 400 ETF TR 18,682 4,658,000 1.02%
26 VANGUARD SCOTTSDALE FDS 55,862 4,462,000 0.98%
27 MERCK & CO INC 74,815 4,434,000 0.97%
28 SELECT SECTOR SPDR TR 92,300 4,164,000 0.91%
29 CHEVRON CORP NEW 32,404 3,866,000 0.85%
30 ISHARES TR 92,509 3,656,000 0.80%
31 NOVARTIS A G 38,554 3,629,000 0.79%
32 ISHARES TR 54,900 3,438,000 0.75%
33 ISHARES INC MSCI EURZONE ETF 81,850 3,151,000 0.69%
34 ABBVIE INC 54,510 3,149,000 0.69%
35 MICROSOFT CORP 67,607 3,135,000 0.69%
36 PUBLIC SVC ENTERPRISE GRP IN 83,874 3,123,000 0.68%
37 UNITED TECHNOLOGIES CORP 29,144 3,078,000 0.67%
38 AUTOMATIC DATA PROCESSING IN 36,748 3,053,000 0.67%
39 PFIZER INC 98,345 2,907,000 0.64%
40 WAL-MART STORES INC 37,962 2,902,000 0.64%
41 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 30,800 2,832,000 0.62%
42 CONOCOPHILLIPS 36,733 2,810,000 0.62%
43 VANGUARD BD INDEX FDS 34,919 2,796,000 0.61%
44 CISCO SYS INC 110,656 2,784,000 0.61%
45 DOMINION ENERGY INC 38,393 2,652,000 0.58%
46 JPMORGAN CHASE & CO 42,759 2,576,000 0.56%
47 ISHARES TR 39,202 2,514,000 0.55%
48 VANGUARD BD INDEX FDS 30,527 2,501,000 0.55%
49 SEMPRA ENERGY 22,790 2,401,000 0.53%
50 ILLINOIS TOOL WKS INC 28,258 2,386,000 0.52%
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-14-000361, filed 2014.10.08).

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.