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Institutional Investment Manager
Strategic Financial Services, Inc.
Strategic Financial Services, Inc. (CIK: 0001432539) incorporated in New York, located at 114 Business Park Drive, Utica, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Portfolio Summary: 96 holdings with a total value of $341,507,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 UNITED TECHNOLOGIES CORP 25,088 2,931,000 0.86%
52 PPG INDS INC 15,300 2,960,000 0.87%
53 EBAY INC 53,959 2,981,000 0.87%
54 COVIDIEN PLC 40,639 2,993,000 0.88%
55 UNITEDHEALTH GROUP INC 36,802 3,017,000 0.88%
56 NIKE INC 40,938 3,024,000 0.89%
57 Medtronic Inc 51,075 3,143,000 0.92%
58 SIRONA DENTAL SYS INC 42,354 3,163,000 0.93%
59 Nextera Energy Inc 33,103 3,165,000 0.93%
60 NXP SEMICONDUCTORS N V 54,174 3,186,000 0.93%
61 OCCIDENTAL PETE CORP DEL 33,897 3,230,000 0.95%
62 E M C CORP MASS COM 118,077 3,236,000 0.95%
63 PROCTER AND GAMBLE CO 40,251 3,244,000 0.95%
64 Anthem, Inc. 33,015 3,287,000 0.96%
65 BANK NEW YORK MELLON CORP 93,473 3,299,000 0.97%
66 HONEYWELL INTL INC 35,705 3,312,000 0.97%
67 PEPSICO INC 39,939 3,335,000 0.98%
68 BLACKROCK INC 10,770 3,387,000 0.99%
69 ORACLE CORP 83,645 3,422,000 1.00%
70 CATERPILLAR INC 34,924 3,470,000 1.02%
71 JPMORGAN CHASE & CO 57,612 3,498,000 1.02%
72 VENTAS INC 57,875 3,505,000 1.03%
73 EATON CORP PLC 46,690 3,507,000 1.03%
74 EXPEDIA INC DEL 48,723 3,532,000 1.03%
75 BAXTER INTL INC 48,268 3,552,000 1.04%
76 INTERNATIONAL BUSINESS MACHS 20,056 3,861,000 1.13%
77 BOEING CO 31,107 3,904,000 1.14%
78 VERIZON COMMUNICATIONS INC 82,300 3,915,000 1.15%
79 ISHARES TR 45,920 3,974,000 1.16%
80 CHEVRON CORP NEW 33,607 3,996,000 1.17%
81 SPDR INDEX SHS FDS 57,127 4,154,000 1.22%
82 MCKESSON CORP 24,273 4,286,000 1.26%
83 QUALCOMM INC 54,570 4,303,000 1.26%
84 SCHLUMBERGER LTD 45,806 4,466,000 1.31%
85 MICROSOFT CORP 109,605 4,493,000 1.32%
86 M & T BK CORP 37,521 4,551,000 1.33%
87 COGNIZANT TECHNOLOGY SOLUTIO 90,906 4,600,000 1.35%
88 VANGUARD INTL EQUITY INDEX F 106,196 5,343,000 1.56%
89 COLGATE PALMOLIVE CO 98,197 6,370,000 1.87%
90 APPLE INC 13,875 7,447,000 2.18%
91 VANGUARD INDEX FDS 107,143 7,566,000 2.22%
92 SPDR GOLD TR 64,973 8,031,000 2.35%
93 POWERSHARES DB CMDTY IDX TRA 325,169 8,493,000 2.49%
94 ISHARES TR 82,407 9,587,000 2.81%
95 ISHARES TR 488,923 20,051,000 5.87%
96 ISHARES TR 356,451 23,954,000 7.01%
Page 2 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001432539-14-000002, filed 2014.05.15).

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.