# EDGAR Filing Document

**Accession Number:** 0000943442
**File Stem:** 0001062993-23-001769
**Filing Date:** 2023-2
**Character Count:** 25556
**Document Hash:** 1b568acfd3fdd835a008349550adbd35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-23-001769.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001062993-23-001769

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HUDSON VALLEY INVESTMENT ADVISORS INC /ADV
- **CENTRAL INDEX KEY:** 0000943442
- **IRS NUMBER:** 061420079
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15104
- **FILM NUMBER:** 23574537

**BUSINESS ADDRESS:**
- **STREET 1:** 117 GRAND STREET, SUITE 201
- **CITY:** GOSHEN
- **STATE:** NY
- **ZIP:** 10924
- **BUSINESS PHONE:** 9142946127

**MAIL ADDRESS:**
- **STREET 1:** 117 GRAND STREET, SUITE 201
- **CITY:** GOSHEN
- **STATE:** NY
- **ZIP:** 10924

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUDSON VALLEY INVESTMENT ADVISORS INC                   /ADV
- **DATE OF NAME CHANGE:** 19950404

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HUDSON VALLEY INVESTMENT ADVISORS INC /ADV<br>**Address:** 117 GRAND STREET SUITE 201<br>GOSHEN, NY 10924

**Form 13F File Number:** 028-15104

**CRD Number (if applicable):** 000107387

**SEC File Number (if applicable):** 801-48913

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mark Lazarczyk<br>**Title:** Chief Compliance Officer<br>**Phone:** 845-294-6127

**Signature, Place, and Date of Signing:**

Mark Lazarczyk  Goshen, NY  01-31-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 219

**Form 13F Information Table Value Total:** $661444373

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M COMPANY | COM | 88579Y101 |  | 518054 | 4320 | SH |  | SOLE |  | 2583 | 0 | 1737 |
| A F L A C INC | COM | 001055102 |  | 205533 | 2857 | SH |  | SOLE |  | 2857 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 1328679 | 12102 | SH |  | SOLE |  | 3008 | 0 | 9094 |
| ABBVIE INC COM | COM | 00287Y109 |  | 6950200 | 43006 | SH |  | SOLE |  | 36512 | 0 | 6494 |
| ADOBE SYSTEMS INC | COM | 00724F101 |  | 7480725 | 22229 | SH |  | SOLE |  | 15717 | 0 | 6512 |
| ADSOUTH PARTNERS INC (NV) | COM | 00737M200 |  | 0 | 10001 | SH |  | SOLE |  | 0 | 0 | 10001 |
| ADVANCED MICRO DIVICES INC | COM | 007903107 |  | 4600937 | 71035 | SH |  | SOLE |  | 57491 | 0 | 13544 |
| AGNC INVESTMENT CORP | COM | 00123Q104 |  | 184748 | 17850 | SH |  | SOLE |  | 17850 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 490104 | 2260 | SH |  | SOLE |  | 2260 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 421308 | 7631 | SH |  | SOLE |  | 7631 | 0 | 0 |
| ALPHABET INC CLASS A | COM | 02079K305 |  | 637021 | 7220 | SH |  | SOLE |  | 6440 | 0 | 780 |
| ALPHABET INC CLASS C | COM | 02079K107 |  | 10843161 | 122204 | SH |  | SOLE |  | 95210 | 0 | 26994 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 212232 | 4643 | SH |  | SOLE |  | 4143 | 0 | 500 |
| AMAZON COM INC | COM | 023135106 |  | 6043632 | 71948 | SH |  | SOLE |  | 54663 | 0 | 17285 |
| AMERICAN ELECTICAL POWER COMPANY INC | COM | 025537101 |  | 479498 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| AMERICAN EXPRESS CORP | COM | 025816109 |  | 3040547 | 20579 | SH |  | SOLE |  | 17437 | 0 | 3142 |
| AMERN TOWER CORP CLASS A | COM | 03027X100 |  | 4271945 | 20164 | SH |  | SOLE |  | 14675 | 0 | 5489 |
| AMGEN INC COM | COM | 031162100 |  | 581485 | 2214 | SH |  | SOLE |  | 1514 | 0 | 700 |
| APPLE INC. | COM | 037833100 |  | 18537243 | 142671 | SH |  | SOLE |  | 105536 | 0 | 37135 |
| Arbor Realty Trust Inc | COM | 038923108 |  | 263800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| AT  T INC | COM | 00206R102 |  | 1084736 | 58921 | SH |  | SOLE |  | 46962 | 0 | 11959 |
| ATRION CORP | COM | 049904105 |  | 279725 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| AUTO DATA PROCESSING | COM | 053015103 |  | 3196663 | 13383 | SH |  | SOLE |  | 7468 | 0 | 5915 |
| AUTOZONE INC | COM | 053332102 |  | 3558698 | 1443 | SH |  | SOLE |  | 1245 | 0 | 198 |
| BALCHEM CORP | COM | 057665200 |  | 425309 | 3483 | SH |  | SOLE |  | 2840 | 0 | 643 |
| BANKAMERICA CORP | COM | 060505104 |  | 7235296 | 218457 | SH |  | SOLE |  | 181736 | 0 | 36721 |
| THE BANK OF NY MELLON CORP | COM | 064058100 |  | 844123 | 18544 | SH |  | SOLE |  | 17409 | 0 | 1135 |
| BLACKSTONE GROUP LP | COM | 09260D107 |  | 953712 | 12855 | SH |  | SOLE |  | 11641 | 0 | 1214 |
| BOEING CO | COM | 097023105 |  | 1400482 | 7352 | SH |  | SOLE |  | 5484 | 0 | 1868 |
| BP PLC ADR | COM | 055622104 |  | 351291 | 10057 | SH |  | SOLE |  | 9807 | 0 | 250 |
| BRIGHTSPIRE CAPITAL INC | COM | 10949T109 |  | 74760 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1439432 | 20006 | SH |  | SOLE |  | 17809 | 0 | 2197 |
| BROADCOM LTD | COM | 11135F101 |  | 4810755 | 8604 | SH |  | SOLE |  | 4782 | 0 | 3822 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 453610 | 5901 | SH |  | SOLE |  | 5901 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 295621 | 4855 | SH |  | SOLE |  | 3126 | 0 | 1729 |
| CATERPILLAR INC | COM | 149123101 |  | 856667 | 3576 | SH |  | SOLE |  | 2351 | 0 | 1225 |
| CHARLES SCHWAB CORP | COM | 808513105 |  | 280753 | 3372 | SH |  | SOLE |  | 3372 | 0 | 0 |
| CHART INDUSTRIES INC | COM | 16115Q308 |  | 1076940 | 9346 | SH |  | SOLE |  | 8452 | 0 | 894 |
| CHARTER COMMUNICATIONS INC | COM | 16119P108 |  | 1984413 | 5852 | SH |  | SOLE |  | 16 | 0 | 5836 |
| CHERRY HILL MTG INVT CORP | COM | 164651101 |  | 58000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CHEVRON CORP | COM | 166764100 |  | 4209758 | 23454 | SH |  | SOLE |  | 23454 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC. COM | COM | 169656105 |  | 2307396 | 1663 | SH |  | SOLE |  | 1421 | 0 | 242 |
| CHUBB LIMITED | COM | H1467J104 |  | 804308 | 3646 | SH |  | SOLE |  | 3397 | 0 | 249 |
| CIENA CORP | COM | 171779309 |  | 3636403 | 71330 | SH |  | SOLE |  | 63220 | 0 | 8110 |
| CIGNA CORP | COM | 125523100 |  | 578520 | 1746 | SH |  | SOLE |  | 1376 | 0 | 370 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 5340444 | 112100 | SH |  | SOLE |  | 99916 | 0 | 12184 |
| CMS ENERGY CORP | COM | 125896100 |  | 454963 | 7184 | SH |  | SOLE |  | 6929 | 0 | 255 |
| COCA COLA COMPANY | COM | 191216100 |  | 456593 | 7178 | SH |  | SOLE |  | 3378 | 0 | 3800 |
| COLGATE-PALMOVLIVE CO | COM | 194162103 |  | 205878 | 2613 | SH |  | SOLE |  | 450 | 0 | 2163 |
| COMCAST CORP NEW CL A | COM | 20030N101 |  | 1289729 | 36881 | SH |  | SOLE |  | 25315 | 0 | 11566 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 729813 | 15110 | SH |  | SOLE |  | 15110 | 0 | 0 |
| SPDR SECTOR COMMUNICATION SERVICES ETF | COM | 81369Y852 |  | 3589076 | 74788 | SH |  | SOLE |  | 646 | 0 | 74142 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 3057380 | 25910 | SH |  | SOLE |  | 16660 | 0 | 9250 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 392582 | 4119 | SH |  | SOLE |  | 4119 | 0 | 0 |
| SPDR SECTOR CONSUMER DISCRETIONARY ETF | COM | 81369Y407 |  | 4088818 | 31657 | SH |  | SOLE |  | 251 | 0 | 31406 |
| SPDR SECTOR CONSUMER STAPLES ETF | COM | 81369Y308 |  | 3226151 | 43275 | SH |  | SOLE |  | 195 | 0 | 43080 |
| CORNING INC | COM | 219350105 |  | 663042 | 20759 | SH |  | SOLE |  | 16384 | 0 | 4375 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1597750 | 3500 | SH |  | SOLE |  | 2583 | 0 | 917 |
| COTERRA ENERGY INC | COM | 127097103 |  | 1918401 | 78079 | SH |  | SOLE |  | 63837 | 0 | 14242 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 372367 | 3212 | SH |  | SOLE |  | 3212 | 0 | 0 |
| C S X CORP | COM | 126408103 |  | 6787718 | 219100 | SH |  | SOLE |  | 184889 | 0 | 34211 |
| CVS HEALTH CORP | COM | 126650100 |  | 1804624 | 19365 | SH |  | SOLE |  | 17299 | 0 | 2066 |
| D T E ENERGY COMPANY | COM | 233331107 |  | 431688 | 3673 | SH |  | SOLE |  | 3673 | 0 | 0 |
| DANAHER CORP | COM | 235851102 |  | 8454423 | 31853 | SH |  | SOLE |  | 25811 | 0 | 6042 |
| DEVON ENERGY CORP | COM | 25179M103 |  | 2448098 | 39800 | SH |  | SOLE |  | 35804 | 0 | 3996 |
| DIGITAL REALTY TRUST INC. | COM | 253868103 |  | 234030 | 2334 | SH |  | SOLE |  | 2334 | 0 | 0 |
| DOLLAR GENERAL CORPORATION | COM | 256677105 |  | 6186046 | 25121 | SH |  | SOLE |  | 19144 | 0 | 5977 |
| DOW INC | COM | 260557103 |  | 281982 | 5596 | SH |  | SOLE |  | 5555 | 0 | 41 |
| DUKE ENERGY CORPORATION | COM | 26441C204 |  | 5789892 | 56218 | SH |  | SOLE |  | 42036 | 0 | 14182 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 595365 | 8675 | SH |  | SOLE |  | 8634 | 0 | 41 |
| EAGLE POINT CREDIT CO LLC | COM | 269808101 |  | 106260 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| ELI LILLY  COMPANY | COM | 532457108 |  | 19613780 | 53613 | SH |  | SOLE |  | 16057 | 0 | 37556 |
| EMERSON ELECTRIC CO | COM | 291011104 |  | 1619668 | 16861 | SH |  | SOLE |  | 15493 | 0 | 1368 |
| ENBRIDGE INC | COM | 29250N105 |  | 2428165 | 62165 | SH |  | SOLE |  | 53721 | 0 | 8444 |
| SPDR SECTOR ENERGY ETF | COM | 81369Y506 |  | 3322460 | 37984 | SH |  | SOLE |  | 257 | 0 | 37727 |
| EXXON MOBIL CORPORATION | COM | 30231G102 |  | 9417193 | 85378 | SH |  | SOLE |  | 64445 | 0 | 20933 |
| SPDR SECTOR FINANCIAL ETF | COM | 81369Y605 |  | 5853569 | 171157 | SH |  | SOLE |  | 0 | 0 | 171157 |
| FLOWERS FOODS INC | COM | 343498101 |  | 999117 | 34764 | SH |  | SOLE |  | 34764 | 0 | 0 |
| FLUOR CORPORATION | COM | 343412102 |  | 2729475 | 78750 | SH |  | SOLE |  | 72437 | 0 | 6313 |
| G6 MATERIALS CORPORATION | COM | 361333107 |  | 507 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| GENERAL ELECTRIC COMPANY | COM | 369604301 |  | 362476 | 4326 | SH |  | SOLE |  | 1086 | 0 | 3240 |
| GENUINE PARTS CO | COM | 372460105 |  | 283689 | 1635 | SH |  | SOLE |  | 1635 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 978976 | 2851 | SH |  | SOLE |  | 2801 | 0 | 50 |
| HALLIBURTON CO | COM | 406216101 |  | 322867 | 8205 | SH |  | SOLE |  | 6205 | 0 | 2000 |
| SPDR SECTOR HEALTH CARE ETF | COM | 81369Y209 |  | 7825096 | 57601 | SH |  | SOLE |  | 674 | 0 | 56927 |
| HONEYWELL INTERNATIONAL | COM | 438516106 |  | 3802754 | 17745 | SH |  | SOLE |  | 12454 | 0 | 5291 |
| HORIZON THEAPEUTICS PLC | COM | G46188101 |  | 455200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 211212 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| ILLINOIS TOOL WORKS INC | COM | 452308109 |  | 562206 | 2552 | SH |  | SOLE |  | 1117 | 0 | 1435 |
| ILLUMINA INC | COM | 452327109 |  | 2634262 | 13028 | SH |  | SOLE |  | 9978 | 0 | 3050 |
| SPDR SECTOR INDUSTRIAL ETF | COM | 81369Y704 |  | 4544078 | 46269 | SH |  | SOLE |  | 0 | 0 | 46269 |
| INTEL CORP | COM | 458140100 |  | 1208697 | 45732 | SH |  | SOLE |  | 38841 | 0 | 6891 |
| INTL BUSINESS MACHINES | COM | 459200101 |  | 2276501 | 16158 | SH |  | SOLE |  | 12497 | 0 | 3661 |
| INTL FLAVOR  FRAGRANCES | COM | 459506101 |  | 426489 | 4068 | SH |  | SOLE |  | 4068 | 0 | 0 |
| INTUITIVE SURGICAL INC NEW | COM | 46120E602 |  | 19610161 | 73903 | SH |  | SOLE |  | 333 | 0 | 73570 |
| INVESCO EX TR FD TR II CEF INCOME COM | COM | 46138E404 |  | 284556 | 15704 | SH |  | SOLE |  | 15704 | 0 | 0 |
| INVESCO QQQ TR UNIT SER 1 | COM | 46090E103 |  | 1103198 | 4143 | SH |  | SOLE |  | 322 | 0 | 3821 |
| IRON MOUNTAIN INC | COM | 46284V101 |  | 356178 | 7145 | SH |  | SOLE |  | 7145 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BOND | COM | 464287457 |  | 22410875 | 276098 | SH |  | SOLE |  | 338 | 0 | 275760 |
| ISHARES 1-5 YEAR INVESTMENT GRAND CORP BOND | COM | 464288646 |  | 20108099 | 403615 | SH |  | SOLE |  | 1440 | 0 | 402175 |
| ISHARES 3-7 YEAR TREASURY BOND | COM | 464288661 |  | 15981084 | 139099 | SH |  | SOLE |  | 0 | 0 | 139099 |
| ISHARES TR CORE S SMALL-CAP ETF | COM | 464287804 |  | 672417 | 7105 | SH |  | SOLE |  | 424 | 0 | 6681 |
| ISHARES FLOATING RATE BOND | COM | 46429B655 |  | 7045797 | 139992 | SH |  | SOLE |  | 289 | 0 | 139703 |
| ISHARES TR MSCI EAFE ETF | COM | 464287465 |  | 414517 | 6315 | SH |  | SOLE |  | 2335 | 0 | 3980 |
| ISHARES NEW YORK MUNI BOND | COM | 464288323 |  | 888180 | 16950 | SH |  | SOLE |  | 16950 | 0 | 0 |
| ISHARES NORTH AMERICAN TECH | COM | 464287549 |  | 253400 | 905 | SH |  | SOLE |  | 95 | 0 | 810 |
| ISHARES TR S US PFD STK INDE | COM | 464288687 |  | 14048257 | 460146 | SH |  | SOLE |  | 368841 | 0 | 91305 |
| ISHARES TR BARCLAYS SHORT TREAS BD FD | COM | 464288679 |  | 415827 | 3783 | SH |  | SOLE |  | 47 | 0 | 3736 |
| ISHARES TRUST S | COM | 464287200 |  | 371531 | 967 | SH |  | SOLE |  | 192 | 0 | 775 |
| ISHARES US TECHNOLOGY ETF | COM | 464287721 |  | 351220 | 4715 | SH |  | SOLE |  | 0 | 0 | 4715 |
| JEFFERSONVILLE BANCORP | COM | 47559A103 |  | 615661 | 31094 | SH |  | SOLE |  | 31094 | 0 | 0 |
| JM SMUCKER CO | COM | 832696405 |  | 1266412 | 7992 | SH |  | SOLE |  | 7992 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4735986 | 26810 | SH |  | SOLE |  | 22888 | 0 | 3922 |
| JP MORGAN CHASE  CO | COM | 46625H100 |  | 11047560 | 82383 | SH |  | SOLE |  | 62909 | 0 | 19474 |
| K L A TENCOR CORP | COM | 482480100 |  | 3617980 | 9596 | SH |  | SOLE |  | 8721 | 0 | 875 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 213806 | 1575 | SH |  | SOLE |  | 450 | 0 | 1125 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 445569 | 2140 | SH |  | SOLE |  | 1885 | 0 | 255 |
| LENNAR CORP | COM | 526057104 |  | 1356052 | 14984 | SH |  | SOLE |  | 13208 | 0 | 1776 |
| LIFE STORAGE INC | COM | 53223X107 |  | 315397 | 3202 | SH |  | SOLE |  | 600 | 0 | 2602 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 2731150 | 18902 | SH |  | SOLE |  | 16119 | 0 | 2783 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1162225 | 2389 | SH |  | SOLE |  | 1062 | 0 | 1327 |
| LOWES COMPANIES INC | COM | 548661107 |  | 386127 | 1938 | SH |  | SOLE |  | 1578 | 0 | 360 |
| M  T BANK CORP | COM | 55261F104 |  | 515688 | 3555 | SH |  | SOLE |  | 3255 | 0 | 300 |
| MAGNA INTERNATIONAL INC | COM | 559222401 |  | 443878 | 7901 | SH |  | SOLE |  | 7411 | 0 | 490 |
| MARSH  MCLENNAN CO INC | COM | 571748102 |  | 6990041 | 42241 | SH |  | SOLE |  | 33270 | 0 | 8971 |
| MASTERCARD INC | COM | 57636Q104 |  | 362335 | 1042 | SH |  | SOLE |  | 1042 | 0 | 0 |
| MATERIALS SELECT SECTOR SPDR ETF | COM | 81369Y100 |  | 372010 | 4789 | SH |  | SOLE |  | 25 | 0 | 4764 |
| MCDONALDS CORP | COM | 580135101 |  | 2630293 | 9981 | SH |  | SOLE |  | 7323 | 0 | 2658 |
| MEDTRONIC PLC | COM | G5960L103 |  | 8991738 | 115694 | SH |  | SOLE |  | 7394 | 0 | 108300 |
| MERCK  CO INC | COM | 58933Y105 |  | 2860735 | 25784 | SH |  | SOLE |  | 19213 | 0 | 6571 |
| META PLATFORMS INC | COM | 30303M102 |  | 2537610 | 21087 | SH |  | SOLE |  | 15993 | 0 | 5094 |
| METLIFE INC | COM | 59156R108 |  | 372850 | 5152 | SH |  | SOLE |  | 5002 | 0 | 150 |
| MICROSOFT CORP | COM | 594918104 |  | 26770627 | 111628 | SH |  | SOLE |  | 91171 | 0 | 20457 |
| MODELEZ INTERANTIONAL INC | COM | 609207105 |  | 2567691 | 38525 | SH |  | SOLE |  | 32088 | 0 | 6437 |
| MORGAN STANLEY | COM | 617446448 |  | 4463040 | 52494 | SH |  | SOLE |  | 40269 | 0 | 12225 |
| NEW YORK COMMUNITY BANCORP INC | COM | 649445103 |  | 96320 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| NEXTERA ENERGY INC. | COM | 65339F101 |  | 1103687 | 13202 | SH |  | SOLE |  | 7493 | 0 | 5709 |
| NIKE INC CLASS B | COM | 654106103 |  | 1470699 | 12569 | SH |  | SOLE |  | 6124 | 0 | 6445 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 560113 | 2273 | SH |  | SOLE |  | 2228 | 0 | 45 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1429498 | 2620 | SH |  | SOLE |  | 2295 | 0 | 325 |
| NUCOR CORP | COM | 670346105 |  | 2251710 | 17083 | SH |  | SOLE |  | 15578 | 0 | 1505 |
| NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD | COM | 67071L106 |  | 127470 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| NUVEEN AMT FREE MUN INCOME FD | COM | 670657105 |  | 250140 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| NUVEEN MUN HIGH INCOME OPP FD | COM | 670682103 |  | 124080 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| NUVEEN MUNICIPAL CR INCOME FD | COM | 67070X101 |  | 126840 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| NUVEEN MUNICIPAL VALUE FUND INC | COM | 670928100 |  | 1336965 | 155461 | SH |  | SOLE |  | 151761 | 0 | 3700 |
| NVIDIA CORP | COM | 67066G104 |  | 8763577 | 59967 | SH |  | SOLE |  | 48887 | 0 | 11080 |
| OCCIDENTAL PETROLEIM CORP | COM | 674599105 |  | 291581 | 4629 | SH |  | SOLE |  | 4529 | 0 | 100 |
| OGE ENERGY CORP | COM | 670837103 |  | 469894 | 11881 | SH |  | SOLE |  | 11881 | 0 | 0 |
| ORACLE CORPORATION | COM | 68389X105 |  | 2529935 | 30950 | SH |  | SOLE |  | 30300 | 0 | 650 |
| ORANGE CNTY BANCORP INC | COM | 68417L107 |  | 28459588 | 610983 | SH |  | SOLE |  | 0 | 0 | 610983 |
| OSHKOSH CORP | COM | 688239201 |  | 731889 | 8299 | SH |  | SOLE |  | 5610 | 0 | 2689 |
| PEPSICO INCORPORATED | COM | 713448108 |  | 8974466 | 49676 | SH |  | SOLE |  | 37343 | 0 | 12333 |
| PERKINELMER INC | COM | 714046109 |  | 2960605 | 21114 | SH |  | SOLE |  | 16201 | 0 | 4913 |
| PFIZER INCORPORATED | COM | 717081103 |  | 7474328 | 145869 | SH |  | SOLE |  | 125717 | 0 | 20152 |
| PHILLIPS 66 | COM | 718546104 |  | 729601 | 7010 | SH |  | SOLE |  | 4668 | 0 | 2342 |
| PIERIS PHARMACEUTICALS INC | COM | 720795103 |  | 14560 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| PIMCO ETF ENHANCED SHORT FD | COM | 72201R833 |  | 2951608 | 29920 | SH |  | SOLE |  | 0 | 0 | 29920 |
| PINNACLE WEST CAPITAL | COM | 723484101 |  | 463312 | 6093 | SH |  | SOLE |  | 6093 | 0 | 0 |
| PLATINUM GROUP METALS LTD | COM | 72765Q882 |  | 22881 | 13150 | SH |  | SOLE |  | 0 | 0 | 13150 |
| PNC FINANCIAL SERVICES | COM | 693475105 |  | 681037 | 4312 | SH |  | SOLE |  | 1457 | 0 | 2855 |
| PPL CORPORATION | COM | 69351T106 |  | 477952 | 16357 | SH |  | SOLE |  | 15457 | 0 | 900 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 3597883 | 23739 | SH |  | SOLE |  | 19111 | 0 | 4628 |
| PROLOGICS INC. | COM | 74340W103 |  | 3800466 | 33713 | SH |  | SOLE |  | 28115 | 0 | 5598 |
| PUBLIC SERVICE ENTERPRISE GROUP INC | COM | 744573106 |  | 431647 | 7045 | SH |  | SOLE |  | 7045 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 429206 | 3904 | SH |  | SOLE |  | 2560 | 0 | 1344 |
| RAYTHEON COMPANY NEW | COM | 75513E101 |  | 1314988 | 13030 | SH |  | SOLE |  | 4617 | 0 | 8413 |
| READY CAPITAL CORPORATION | COM | 75574U101 |  | 163758 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| REAL ESTATE SELECT SECTOR SPDR | COM | 81369Y860 |  | 329231 | 8915 | SH |  | SOLE |  | 0 | 0 | 8915 |
| REALTY INCOME CORP | COM | 756109104 |  | 468113 | 7380 | SH |  | SOLE |  | 7380 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 2293176 | 11018 | SH |  | SOLE |  | 18 | 0 | 11000 |
| RITHM CAPITAL | COM | 64828T201 |  | 143792 | 17600 | SH |  | SOLE |  | 17600 | 0 | 0 |
| SALESFORCE COM | COM | 79466L302 |  | 2977043 | 22453 | SH |  | SOLE |  | 22453 | 0 | 0 |
| SALTBAE CAPITAL CORP | COM | 79575K104 |  | 0 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 2101940 | 39318 | SH |  | SOLE |  | 39318 | 0 | 0 |
| SHELL PLC ADR | COM | 780259305 |  | 332303 | 5835 | SH |  | SOLE |  | 5835 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 3503940 | 14764 | SH |  | SOLE |  | 14764 | 0 | 0 |
| SIMON PROPERTY GROUP INC | COM | 828806109 |  | 1658935 | 14121 | SH |  | SOLE |  | 14121 | 0 | 0 |
| SOUTHERN COMPANY | COM | 842587107 |  | 1266099 | 17730 | SH |  | SOLE |  | 17730 | 0 | 0 |
| SOUTHWEST AIRLINES CO | COM | 844741108 |  | 734275 | 21808 | SH |  | SOLE |  | 21808 | 0 | 0 |
| SPDR S 500 ETF TR | COM | 78462F103 |  | 234812 | 614 | SH |  | SOLE |  | 258 | 0 | 356 |
| SPDR S MIDCAP 400 ETF TR | COM | 78467Y107 |  | 4384949 | 9903 | SH |  | SOLE |  | 380 | 0 | 9523 |
| SPDR PORTFOLIO EMERGING MARKETS ETF | COM | 78463X509 |  | 230127 | 6982 | SH |  | SOLE |  | 1932 | 0 | 5050 |
| SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF | COM | 78464A375 |  | 14570119 | 457748 | SH |  | SOLE |  | 4745 | 0 | 453003 |
| SPDR PORTFOLIO S 400 MID CAP ETF | COM | 78464A847 |  | 434350 | 10220 | SH |  | SOLE |  | 1948 | 0 | 8272 |
| SPDR PORTFILIO S 500 GROWTH | COM | 78464A409 |  | 464289 | 9163 | SH |  | SOLE |  | 0 | 0 | 9163 |
| SPDR PORTFILIO S 500 VALUE | COM | 78464A508 |  | 431990 | 11108 | SH |  | SOLE |  | 0 | 0 | 11108 |
| SPDR PORTFOLIO S 600 SMALL CAP ETF | COM | 78468R853 |  | 768089 | 20776 | SH |  | SOLE |  | 3309 | 0 | 17467 |
| SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF | COM | 78464A474 |  | 8488528 | 288922 | SH |  | SOLE |  | 1005 | 0 | 287917 |
| SPDR S 600 SMALL CAP ETF | COM | 78464A813 |  | 2696324 | 32798 | SH |  | SOLE |  | 0 | 0 | 32798 |
| STARBUCKS CORP | COM | 855244109 |  | 3445514 | 34733 | SH |  | SOLE |  | 26627 | 0 | 8106 |
| STORE CAPITAL CORP | COM | 862121100 |  | 325313 | 10147 | SH |  | SOLE |  | 10147 | 0 | 0 |
| SUNOCO LP COM | COM | 86765K109 |  | 517200 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| SYSCO CORPORATION | COM | 871829107 |  | 2164452 | 28312 | SH |  | SOLE |  | 24917 | 0 | 3395 |
| T. ROWE PRICE GROUP INC | COM | 74144T108 |  | 324454 | 2975 | SH |  | SOLE |  | 2975 | 0 | 0 |
| SPDR SECTOR TECHNOLOGY ETF | COM | 81369Y803 |  | 10872696 | 87373 | SH |  | SOLE |  | 577 | 0 | 86796 |
| TESLA MOTORS INC | COM | 88160R101 |  | 430145 | 3492 | SH |  | SOLE |  | 3492 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 3058885 | 106359 | SH |  | SOLE |  | 95337 | 0 | 11022 |
| ESTEE LAUDER COMPANIES INC CL A | COM | 518439104 |  | 3447737 | 13896 | SH |  | SOLE |  | 8902 | 0 | 4994 |
| THE HERSHEY CO | COM | 427866108 |  | 270937 | 1170 | SH |  | SOLE |  | 425 | 0 | 745 |
| THE HOME DEPOT INC | COM | 437076102 |  | 14561146 | 46100 | SH |  | SOLE |  | 37036 | 0 | 9064 |
| THE KRAFT HEINZ CO | COM | 500754106 |  | 335898 | 8251 | SH |  | SOLE |  | 7376 | 0 | 875 |
| THERMO FISHER SCIENTIFIC INC. | COM | 883556102 |  | 12536458 | 22765 | SH |  | SOLE |  | 17995 | 0 | 4770 |
| TRUIST FINANCIAL CORP | COM | 89832Q109 |  | 454612 | 10565 | SH |  | SOLE |  | 9940 | 0 | 625 |
| UNITED RENTALS INC | COM | 911363109 |  | 2957805 | 8322 | SH |  | SOLE |  | 7490 | 0 | 832 |
| UNITED HEALTHCARE CORP | COM | 91324P102 |  | 12248218 | 23102 | SH |  | SOLE |  | 17692 | 0 | 5410 |
| UNITIL CORP | COM | 913259107 |  | 486071 | 9464 | SH |  | SOLE |  | 9464 | 0 | 0 |
| SPDR SELECT SECTOR UTILITIES | COM | 81369Y886 |  | 1657666 | 23513 | SH |  | SOLE |  | 1425 | 0 | 22088 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 445913 | 3515 | SH |  | SOLE |  | 455 | 0 | 3060 |
| VANGUARD SCOTTSDALE FUNDS SHORT TERM CORP | COM | 92206C409 |  | 503773 | 6700 | SH |  | SOLE |  | 0 | 0 | 6700 |
| VERIZON COMMUNICATIONS | COM | 92343V104 |  | 4609839 | 117001 | SH |  | SOLE |  | 97352 | 0 | 19649 |
| VISA INC | COM | 92826C839 |  | 5753913 | 27695 | SH |  | SOLE |  | 19367 | 0 | 8328 |
| WALGREEN BOOTS ALLIANCE INC | COM | 931427108 |  | 241682 | 6469 | SH |  | SOLE |  | 6469 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 2808293 | 19806 | SH |  | SOLE |  | 12612 | 0 | 7194 |
| DISNEY WALT CO | COM | 254687106 |  | 4017418 | 46241 | SH |  | SOLE |  | 35389 | 0 | 10852 |
| WEBSTER FINL CORP | COM | 947890109 |  | 3052152 | 64473 | SH |  | SOLE |  | 64473 | 0 | 0 |
| WEYERHAEUSER CO | COM | 962166104 |  | 2160700 | 69700 | SH |  | SOLE |  | 62784 | 0 | 6916 |
| WILLIAMS COMPANIES | COM | 969457100 |  | 430990 | 13100 | SH |  | SOLE |  | 12850 | 0 | 250 |
| XCEL ENERGY INC | COM | 98389B100 |  | 442254 | 6308 | SH |  | SOLE |  | 6308 | 0 | 0 |

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