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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
51 ABBOTT LABS 52,055 2,164,000 0.47%
52 GENERAL MLS INC 41,879 2,113,000 0.46%
53 VANGUARD INDEX FDS 26,725 1,920,000 0.42%
54 NUCOR CORP 35,186 1,909,000 0.42%
55 ISHARES TR 27,230 1,906,000 0.42%
56 DBX ETF TRUST MSCI JAPAN CURRENCY 48,200 1,864,000 0.41%
57 APPLE INC 17,465 1,759,000 0.38%
58 MCDONALDS CORP 18,400 1,745,000 0.38%
59 SYSCO CORP 45,475 1,726,000 0.38%
60 WISDOMTREE TR 62,325 1,626,000 0.36%
61 EMERSON ELEC CO 25,185 1,576,000 0.34%
62 NORFOLK SOUTHERN CORP 13,923 1,554,000 0.34%
63 BRISTOL MYERS SQUIBB CO 30,090 1,540,000 0.34%
64 UNITED PARCEL SERVICE INC 15,628 1,536,000 0.34%
65 POWERSHARES ETF TR II 35,650 1,504,000 0.33%
66 DISNEY WALT CO 16,627 1,481,000 0.32%
67 M & T BK CORP 11,840 1,460,000 0.32%
68 DOW CHEM CO 27,680 1,451,000 0.32%
69 PHILIP MORRIS INTL INC 17,355 1,447,000 0.32%
70 BHP BILLITON LTD 24,480 1,441,000 0.32%
71 NEXTERA ENERGY INC 14,000 1,314,000 0.29%
72 Chubb Corporation 14,258 1,298,000 0.28%
73 CLAYMORE EXCHANGE TRD FD TR 59,550 1,258,000 0.28%
74 POTASH CORP SASK INC 36,389 1,257,000 0.28%
75 COLGATE PALMOLIVE CO 19,220 1,254,000 0.27%
76 WELLS FARGO & CO NEW 23,930 1,241,000 0.27%
77 ISHARES TR 11,753 1,238,000 0.27%
78 US BANCORP DEL 27,606 1,155,000 0.25%
79 CATERPILLAR INC 11,242 1,113,000 0.24%
80 NOBLE CORP PLC 49,050 1,089,000 0.24%
81 EXELON CORP 31,576 1,077,000 0.24%
82 SCHLUMBERGER LTD 10,031 1,020,000 0.22%
83 VANGUARD WORLD FDS 21,650 1,005,000 0.22%
84 UNITEDHEALTH GROUP INC 11,265 971,000 0.21%
85 WISDOMTREE TR 16,220 962,000 0.21%
86 ISHARES 13,925 957,000 0.21%
87 ALTRIA GROUP INC 20,332 934,000 0.20%
88 BEMIS INC 23,875 908,000 0.20%
89 APACHE CORP 9,500 892,000 0.20%
90 Van Eck 28,775 885,000 0.19%
91 AMGEN INC 6,200 871,000 0.19%
92 TEXAS INSTRS INC 17,920 855,000 0.19%
93 DU PONT E I DE NEMOURS & CO 11,890 853,000 0.19%
94 PIMCO ETF TR 8,182 830,000 0.18%
95 VANGUARD INTL EQUITY INDEX F 19,857 828,000 0.18%
96 SELECT SECTOR SPDR TR 20,719 826,000 0.18%
97 CUMMINS INC 5,935 783,000 0.17%
98 SELECT SECTOR SPDR TR 33,125 767,000 0.17%
99 MONSANTO CO NEW 6,806 766,000 0.17%
100 E M C CORP MASS COM 25,859 756,000 0.17%
Page 2 of 8

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.