Hudson Valley Investment Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M COMPANY	COM	885794101	2,469	17,429	SH		SOLE		14,584	0	2,845
ABBOTT LABORATORIES	COM	002824100	863	20,757	SH		SOLE		6,649	0	14,108
ABBVIE INC COM	COM	002874109	1,251	21,660	SH		SOLE		6,462	0	15,198
ACTAVIS PLC	COM	00507K103	3,303	13,689	SH		SOLE		13,689	0	0
ADSOUTH PARTNERS INC	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
ADT CORP COM	COM	00101J106	282	7,959	SH		SOLE		7,959	0	0
ALICO INC	COM	016230104	227	5,952	SH		SOLE		5,952	0	0
ALTEVA COM	COM	02153V102	248	35,132	SH		SOLE		35,132	0	0
ALTRIA GROUP INC	COM	02209S103	961	20,921	SH		SOLE		16,864	0	4,057
AMERICAN EXPRESS COMPANY	COM	025816109	209	2,392	SH		SOLE		2,005	0	387
AMGEN INC COM	COM	031162100	795	5,659	SH		SOLE		4,379	0	1,280
ANADARKO PETROLEUM CORP	COM	032511107	269	2,655	SH		SOLE		2,655	0	0
APPLE COMPUTER INC	COM	037833100	2,056	20,407	SH		SOLE		16,387	0	4,020
ASTRAZENECA PLC	COM	046353108	305	4,275	SH		SOLE		125	0	4,150
AT & T INC	COM	00206R102	3,383	96,010	SH		SOLE		81,833	0	14,177
AUTO DATA PROCESSING	COM	053015103	2,839	34,172	SH		SOLE		23,252	0	10,920
BALCHEM CORP	COM	057665200	392	6,930	SH		SOLE		5,612	0	1,318
BANKAMERICA CORP	COM	060505104	3,503	205,452	SH		SOLE		195,772	0	9,680
BERKSHIRE BANCP INC DEL	COM	084597202	1,136	134,116	SH		SOLE		134,116	0	0
BLACKROCK INC	COM	09247X101	545	1,659	SH		SOLE		1,627	0	32
BLUE CALYPSO INC	COM	09531B203	7	60,000	SH		SOLE		60,000	0	0
BOEING CO	COM	097023105	3,444	27,038	SH		SOLE		25,305	0	1,733
BOREAL WATER COLLECTION INC CO	COM	09971P100	0	35,700	SH		SOLE		0	0	35,700
BP PLC ADR	COM	055622104	623	14,179	SH		SOLE		7,779	0	6,400
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,812	54,951	SH		SOLE		49,545	0	5,406
C V S CORP DEL	COM	126650100	5,438	68,321	SH		SOLE		61,971	0	6,350
CARDINAL HEALTH INC	COM	14149Y108	2,311	30,850	SH		SOLE		30,650	0	200
CATERPILLAR INC	COM	149123101	1,078	10,889	SH		SOLE		8,729	0	2,160
CHEVRONTEXACO CORP	COM	166764100	6,190	51,879	SH		SOLE		44,036	0	7,843
CHIMERA ENERGY CORP COM	COM	167250109	0	16,600	SH		SOLE		0	0	16,600
CHUBB CORPORATION	COM	171232101	3,055	33,545	SH		SOLE		31,485	0	2,060
CIMAREX ENERGY CO	COM	171798101	202	1,600	SH		SOLE		300	0	1,300
CISCO SYSTEMS INC	COM	17275R102	3,889	154,491	SH		SOLE		140,949	0	13,542
CITRIX SYSTEMS INC	COM	177376100	2,798	39,225	SH		SOLE		39,225	0	0
COCA COLA COMPANY	COM	191216100	808	18,940	SH		SOLE		9,365	0	9,575
COLGATE-PALMOLIVE CO	COM	194162103	493	7,558	SH		SOLE		2,995	0	4,563
COMCAST CORP NEW CL A	COM	20030N101	519	9,645	SH		SOLE		9,089	0	556
COMMERCIAL METALS CO	COM	201723103	997	58,418	SH		SOLE		58,418	0	0
CONAGRA FOODS INC	COM	205887102	243	7,350	SH		SOLE		3,250	0	4,100
CONOCOPHILLIPS	COM	20825C104	4,140	54,108	SH		SOLE		45,753	0	8,355
CONSOLIDATED EDISON INC	COM	209115104	235	4,151	SH		SOLE		2,049	0	2,102
CORNING INC	COM	219350105	1,561	80,731	SH		SOLE		69,865	0	10,866
COVIDIEN LTD	COM	G2552X108	1,775	20,515	SH		SOLE		20,515	0	0
DARDEN RESTAURANTS INC	COM	237194105	268	5,200	SH		SOLE		1,975	0	3,225
DAVITA INC	COM	237194105	223	3,050	SH		SOLE		2,175	0	875
DISCOVERY CORP ENTERPRISES INC	COM	25466Y109	2	34,000	SH		SOLE		34,000	0	0
DISNEY WALT HOLDING CO	COM	254687106	506	5,689	SH		SOLE		4,057	0	1,632
DOW CHEMICAL COMPANY	COM	260543103	2,175	41,479	SH		SOLE		40,554	0	925
DU PONT E I DE NEMOUR&CO	COM	263534109	897	12,501	SH		SOLE		7,066	0	5,435
DUKE ENERGY CORPORATION	COM	26441C204	536	7,173	SH		SOLE		3,152	0	4,021
E M C CORP MASS	COM	268648102	1,633	55,795	SH		SOLE		52,001	0	3,794
ELI LILLY & COMPANY	COM	532457108	432	6,662	SH		SOLE		3,025	0	3,637
EMERSON ELECTRIC CO	COM	291011104	4,010	64,081	SH		SOLE		57,451	0	6,630
ENERGEN CORPORATION	COM	29265N108	303	4,200	SH		SOLE		0	0	4,200
EQT CORPORATION	COM	26884L109	407	4,450	SH		SOLE		0	0	4,450
EXPRESS SCRIPTS A	COM	30219G108	2,935	41,561	SH		SOLE		39,141	0	2,420
EXXON MOBIL CORPORATION	COM	30231G102	8,215	87,347	SH		SOLE		56,447	0	30,900
FACEBOOK INC	COM	30303M102	220	2,780	SH		SOLE		2,590	0	190
GENERAL ELECTRIC COMPANY	COM	369604103	6,749	263,429	SH		SOLE		190,209	0	73,220
GOLDMAN SACHS GROUP INC	COM	38141G104	2,634	14,350	SH		SOLE		14,135	0	215
HALLIBURTON COMPANY	COM	406216101	5,315	82,387	SH		SOLE		81,737	0	650
HOME DEPOT INC	COM	437076102	6,999	76,293	SH		SOLE		70,158	0	6,135
HONEYWELL INTERNATIONAL	COM	438516106	348	3,735	SH		SOLE		1,130	0	2,605
ILLINOIS TOOL WORKS INC	COM	452308109	620	7,350	SH		SOLE		2,550	0	4,800
INTEL CORP	COM	458140100	6,361	182,670	SH		SOLE		166,323	0	16,347
INTL BUSINESS MACHINES	COM	459200101	3,416	17,996	SH		SOLE		12,565	0	5,431
INTL FLAVOR & FRAGRANCES	COM	459506101	1,067	11,125	SH		SOLE		11,125	0	0
ISHARES TR S&P US PFD STK INDE	COM	464288687	657	16,625	SH		SOLE		14,375	0	2,250
JEFFERSONVILLE BANCORP	COM	47559A103	360	30,006	SH		SOLE		30,006	0	0
JOHNSON & JOHNSON	COM	478160104	9,807	92,005	SH		SOLE		78,249	0	13,756
JP MORGAN CHASE & CO	COM	46625H100	4,703	78,069	SH		SOLE		61,957	0	16,112
KIMBERLY-CLARK CORP	COM	494368103	299	2,775	SH		SOLE		825	0	1,950
KINDER MORGAN ENERGY LP	COM	494550106	279	2,990	SH		SOLE		2,040	0	950
KRAFT FOODS GROUP INC COM	COM	50075N104	1,971	34,948	SH		SOLE		26,450	0	8,498
LOCKHEED MARTIN CORP	COM	539830109	347	1,900	SH		SOLE		1,745	0	155
LOWES COMPANIES INC	COM	548661107	535	10,105	SH		SOLE		9,525	0	580
M & T BANK CORP	COM	55261F104	256	2,076	SH		SOLE		1,331	0	745
M D U RESOURCES GROUP	COM	552690109	332	11,946	SH		SOLE		11,946	0	0
MCDONALDS CORP	COM	580135101	1,236	13,035	SH		SOLE		9,005	0	4,030
MERCK & CO INC	COM	58933Y105	3,553	59,938	SH		SOLE		48,846	0	11,092
METLIFE INC	COM	59156R108	1,290	24,019	SH		SOLE		20,959	0	3,060
MICROSOFT CORP	COM	594918104	6,399	138,033	SH		SOLE		120,778	0	17,255
MONDELEZ INTL INC CL A	COM	609207105	1,570	45,819	SH		SOLE		40,894	0	4,925
MONSANTO CO NEW DEL	COM	61166W101	322	2,858	SH		SOLE		2,597	0	261
NABORS INDS INC	COM	G6359F103	251	11,050	SH		SOLE		11,050	0	0
NEW YORK COMNTY BANCORP	COM	649445103	220	13,856	SH		SOLE		13,856	0	0
NEXTERA ENERGY INC.	COM	302571104	643	6,852	SH		SOLE		4,482	0	2,370
NIKE INC CLASS B	COM	654106103	374	4,190	SH		SOLE		3,560	0	630
NORFOLK SOUTHERN CORP	COM	655844108	698	6,252	SH		SOLE		5,502	0	750
NORTHROP GRUMMAN CORP	COM	666807102	1,005	7,625	SH		SOLE		7,625	0	0
NOVARTIS A G SPON ADR	COM	66987V109	419	4,450	SH		SOLE		200	0	4,250
OCCIDENTAL PETE CORP	COM	674599105	263	2,731	SH		SOLE		2,631	0	100
ORACLE CORPORATION	COM	68389X105	5,317	138,898	SH		SOLE		131,253	0	7,645
ORANGE CNTY BANCORP INC	COM	68417L107	3,186	79,643	SH		SOLE		25,881	0	53,762
PENTAIR INC	COM	H6169Q108	201	3,067	SH		SOLE		3,067	0	0
PEPSICO INCORPORATED	COM	713448108	5,266	56,568	SH		SOLE		43,927	0	12,641
PFIZER INCORPORATED	COM	717081103	4,632	156,645	SH		SOLE		131,705	0	24,940
PHILIP MORRIS INTL INC	COM	718172109	221	2,648	SH		SOLE		2,648	0	0
PHILLIPS 66	COM	718546104	1,646	20,249	SH		SOLE		19,600	0	649
PNC FINANCIAL SERVICES	COM	693475105	1,303	15,229	SH		SOLE		10,904	0	4,325
PPL CORPORATION	COM	69351T106	651	19,835	SH		SOLE		17,305	0	2,530
PRECISION CASTPARTS CORP	COM	740189105	1,709	7,215	SH		SOLE		7,215	0	0
PROCTER & GAMBLE CO	COM	742718109	4,974	59,401	SH		SOLE		47,251	0	12,150
QUALCOMM INC	COM	747525103	1,391	18,606	SH		SOLE		13,108	0	5,498
RAYTHEON COMPANY NEW	COM	755111507	626	6,162	SH		SOLE		1,917	0	4,245
REPUBLIC SERVICES INC	COM	760759100	424	10,865	SH		SOLE		10,865	0	0
ROYAL DUTCH SHELL SPON ADR	COM	780259206	2,114	27,770	SH		SOLE		22,445	0	5,325
SANOFI AVENTIS ADR	COM	80105N105	286	5,075	SH		SOLE		200	0	4,875
SCHLUMBERGER LTD F	COM	806857108	282	2,772	SH		SOLE		2,422	0	350
SPECTRA ENERGY CORP	COM	847560109	564	14,371	SH		SOLE		12,749	0	1,622
STERLING BANCORP DEL COM	COM	85917A100	8,560	669,269	SH		SOLE		648,234	0	21,035
SYSCO CORPORATION	COM	871829107	2,172	57,246	SH		SOLE		56,346	0	900
TEVA PHARM INDS LTD ADRF	COM	881624209	341	6,336	SH		SOLE		5,186	0	1,150
THE BANK OF NY MELLON CORP	COM	064058100	2,510	64,820	SH		SOLE		64,320	0	500
THE CHARLES SCHWAB CORP	COM	808513105	370	12,606	SH		SOLE		11,831	0	775
THE SOUTHERN COMPANY	COM	842587107	491	11,253	SH		SOLE		8,703	0	2,550
THERMO ELECTRON CORP	COM	883556102	5,448	44,766	SH		SOLE		44,226	0	540
TIME WARNER INC	COM	00184A105	2,156	28,667	SH		SOLE		28,667	0	0
TORONTO DOMINION BK	COM	891160509	841	17,025	SH		SOLE		6,200	0	10,825
TOTAL FINA ELF S A ADR	COM	89151E109	572	8,875	SH		SOLE		1,425	0	7,450
TRANSOCEAN SEDCO FOREX	COM	H8817H100	218	6,820	SH		SOLE		6,520	0	300
TRANZBYTE CORP COM	COM	894117100	1	40,000	SH		SOLE		40,000	0	0
TWO HBRS INVT CORP COM	COM	90187B101	116	12,000	SH		SOLE		12,000	0	0
TYCO INTL LTD NEW	COM	902124106	807	18,098	SH		SOLE		18,098	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	753	7,129	SH		SOLE		3,539	0	3,590
US BANCORP DEL NEW	COM	902973304	377	9,015	SH		SOLE		1,475	0	7,540
VALERO ENERGY CORP	COM	91913Y100	229	4,940	SH		SOLE		2,590	0	2,350
VENTANA BIOTECH INC	COM	92277F109	0	10,000	SH		SOLE		10,000	0	0
VERIZON COMMUNICATIONS	COM	92343V104	4,779	95,607	SH		SOLE		82,626	0	12,981
WAL-MART STORES INC	COM	931142103	4,288	56,071	SH		SOLE		49,716	0	6,355
WELLS FARGO & CO NEW	COM	949746101	3,334	64,269	SH		SOLE		47,689	0	16,580
WESTMONT RESOURCES INC COM PAR	COM	96081P302	0	147,750	SH		SOLE		0	0	147,750
WOLDS INC	COM	98159J101	11	50,000	SH		SOLE		50,000	0	0
WORLD FUEL SERVICES CORP	COM	981475106	225	5,624	SH		SOLE		5,624	0	0
YUM! BRANDS, INC.	COM	988498101	221	3,077	SH		SOLE		1,016	0	2,061