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	1,051	5,956	SH		SOLE		3,456	0	2,500
ABBOTT LABORATORIES	COM	002824100	1,863	21,451	SH		SOLE		3,799	0	17,652
ABBVIE INC COM	COM	002874109	1,207	13,633	SH		SOLE		4,013	0	9,620
ADOBE SYSTEMS INC	COM	00724F101	10,149	30,773	SH		SOLE		21,669	0	9,104
AIMGLOBAL TECHNOLOGIES INC	COM	00900N100	0	20,000	SH		SOLE		0	0	20,000
ADSOUTH PARTNERS INC (NV)	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
ALPS ALERIAN MLP ETF	COM	00162Q866	173	20,375	SH		SOLE		20,375	0	0
ALLERGAN PLC	COM	G0177J108	556	2,911	SH		SOLE		2,611	0	300
ALPHABET INC CLASS A	COM	02079K305	380	284	SH		SOLE		274	0	10
ALPHABET INC CLASS C	COM	02079K107	7,838	5,862	SH		SOLE		4,184	0	1,678
ALTRIA GROUP INC	COM	02209S103	291	5,833	SH		SOLE		5,233	0	600
AMAZON COM INC	COM	023135106	5,433	2,940	SH		SOLE		1,950	0	990
AMERICAN INTERNATIONAL GROUP INC	COM	026874784	392	7,638	SH		SOLE		300	0	7,338
AMERN TOWER CORP CLASS A	COM	03027X100	4,087	17,785	SH		SOLE		17,785	0	0
AMGEN INC COM	COM	031162100	1,120	4,646	SH		SOLE		2,656	0	1,990
ANNALY MTG MANAGEMENT	COM	035710409	171	18,200	SH		SOLE		18,200	0	0
APOLLO INVT CORP COM	COM	03761U502	192	11,000	SH		SOLE		11,000	0	0
APPLE, INC.	COM	037833100	12,810	43,622	SH		SOLE		31,357	0	12,265
AT & T INC	COM	00206R102	2,330	59,621	SH		SOLE		45,817	0	13,804
ATHERSYS INC	COM	04744L106	28	22,500	SH		SOLE		2,500	0	20,000
ATRION CORP	COM	049904105	676	900	SH		SOLE		0	0	900
AUTO DATA PROCESSING	COM	053015103	4,504	26,417	SH		SOLE		15,847	0	10,570
AUTOZONE INC	COM	053332102	1,114	935	SH		SOLE		786	0	149
BALCHEM CORP	COM	057665200	392	3,855	SH		SOLE		3,012	0	843
BALL CORP	COM	058498106	226	3,500	SH		SOLE		0	0	3,500
BANKAMERICA CORP	COM	060505104	6,787	192,699	SH		SOLE		153,467	0	39,232
THE BANK OF NY MELLON CORP	COM	064058100	2,007	39,879	SH		SOLE		35,444	0	4,435
BERKSHIRE BANCORP INC DEL COM	COM	084597202	124	12,298	SH		SOLE		12,298	0	0
BLACKROCK CAPITAL INVESTMENT C	COM	092533108	107	21,500	SH		SOLE		21,500	0	0
BLACKROCK MUNIENHANCED FD INC	COM	09253Y100	127	11,400	SH		SOLE		11,400	0	0
BLACKSTONE MTG TR INC	COM	09257W100	259	6,950	SH		SOLE		6,950	0	0
BOEING CO	COM	097023105	5,749	17,649	SH		SOLE		12,974	0	4,675
BOREAL WATER COLLECTION INC CO	COM	09971P100	0	35,700	SH		SOLE		0	0	35,700
BP PLC ADR	COM	055622104	332	8,801	SH		SOLE		7,301	0	1,500
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,798	28,005	SH		SOLE		24,333	0	3,672
BROADCOM LTD	COM	Y09827109	5,283	16,718	SH		SOLE		11,257	0	5,461
CABOT OIL & GAS CORP	COM	127097103	599	34,419	SH		SOLE		29,002	0	5,417
CARDINAL HEALTH INC	COM	14149Y108	377	7,450	SH		SOLE		7,450	0	0
CARMAX INC	COM	143130102	853	9,733	SH		SOLE		6,876	0	2,857
CATERPILLAR INC	COM	149123101	644	4,364	SH		SOLE		2,364	0	2,000
Cellcube Energy Storage Sys Inc Com	COM	15116L102	1	15,000	SH		SOLE		15,000	0	0
THE CHARLES SCHWAB CORP	COM	808513105	245	5,141	SH		SOLE		5,141	0	0
CHEVRON CORP	COM	166764100	4,255	35,306	SH		SOLE		25,969	0	9,337
CHUBB LTD	COM	H1467J104	1,516	9,740	SH		SOLE		9,006	0	734
CIGNA CORP	COM	125523100	483	2,362	SH		SOLE		1,894	0	468
CISCO SYSTEMS INC	COM	17275R102	5,183	108,075	SH		SOLE		90,025	0	18,050
CITRIX SYSTEMS INC	COM	177376100	1,112	10,025	SH		SOLE		10,025	0	0
COCA COLA COMPANY	COM	191216100	425	7,680	SH		SOLE		3,680	0	4,000
COMCAST CORP NEW CL A	COM	20030N101	5,595	124,419	SH		SOLE		86,877	0	37,542
COMMERCIAL METALS CO	COM	201723103	353	15,855	SH		SOLE		15,855	0	0
CONOCOPHILLIPS	COM	20825C104	3,823	58,790	SH		SOLE		45,297	0	13,493
CORNING INC	COM	219350105	1,314	45,137	SH		SOLE		34,087	0	11,050
COSTCO WHSL CORP NEW	COM	22160K105	1,068	3,633	SH		SOLE		2,723	0	910
CSW INDUSTRIALS INC	COM	126402106	255	3,312	SH		SOLE		3,312	0	0
C S X CORP	COM	126408103	3,347	46,254	SH		SOLE		36,160	0	10,094
CVS HEALTH CORP	COM	126650100	1,675	22,551	SH		SOLE		21,771	0	780
DANAHER CORP	COM	235851102	4,737	30,861	SH		SOLE		23,961	0	6,900
DARDEN RESTAURANTS INC	COM	237194105	283	2,595	SH		SOLE		1,520	0	1,075
DOLLAR GENERAL CORPORATION	COM	256677105	2,592	16,617	SH		SOLE		13,112	0	3,505
DOW INC COM	COM	260557103	304	5,558	SH		SOLE		4,695	0	863
DUKE ENERGY CORPORATION	COM	26441C204	4,079	44,719	SH		SOLE		33,240	0	11,479
DUPONT DE NEMOURS INC	COM	26614N102	421	6,562	SH		SOLE		5,759	0	803
EAGLE POINT CREDIT CO	COM	269808101	153	10,500	SH		SOLE		10,500	0	0
ELI LILLY & COMPANY	COM	532457108	8,854	67,364	SH		SOLE		18,356	0	49,008
EMERSON ELECTRIC CO	COM	291011104	1,696	22,241	SH		SOLE		20,316	0	1,925
ENBRIDGE INC	COM	29250N105	2,416	60,753	SH		SOLE		46,568	0	14,185
ENTERPRISE PRD PRTNRS LP	COM	293792107	219	7,766	SH		SOLE		7,766	0	0
EXXON MOBIL CORPORATION	COM	30231G102	4,268	61,161	SH		SOLE		39,790	0	21,371
FACEBOOK INC CL A	COM	30303M102	7,255	35,345	SH		SOLE		26,842	0	8,503
FEDEX CORPORATION	COM	31428X106	1,415	9,358	SH		SOLE		7,463	0	1,895
GENERAL ELECTRIC COMPANY	COM	370000000	423	37,916	SH		SOLE		6,275	0	31,641
GLAXOSMITHKLINE PLC ADR	COM	37733W105	258	5,483	SH		SOLE		1,983	0	3,500
GOLDMAN SACHS GROUP INC	COM	38141G104	1,062	4,618	SH		SOLE		4,523	0	95
HALLIBURTON COMPANY	COM	406216101	524	21,428	SH		SOLE		21,428	0	0
HONEYWELL INTERNATIONAL	COM	438516106	3,633	20,524	SH		SOLE		13,962	0	6,562
ILLINOIS TOOL WORKS INC	COM	452308109	596	3,320	SH		SOLE		1,150	0	2,170
ILLUMINA INC	COM	452327109	5,192	15,651	SH		SOLE		10,180	0	5,471
INTEL CORP	COM	458140100	6,107	102,038	SH		SOLE		86,413	0	15,625
INTL BUSINESS MACHINES	COM	459200101	1,548	11,549	SH		SOLE		7,592	0	3,957
INTL FLAVOR & FRAGRANCES	COM	459506101	457	3,540	SH		SOLE		3,540	0	0
INTUITIVE SURGICAL INC NEW	COM	46120E602	27,024	45,715	SH		SOLE		0	0	45,715
INVESCO QQQ TR UNIT SER 1	COM	46090E103	1,007	4,735	SH		SOLE		325	0	4,410
ISHARES TR CORE S&P SMALL-CAP ETF	COM	464287804	924	11,015	SH		SOLE		1,170	0	9,845
ISHARES TR MSCI EAFE ETF	COM	464287465	1,030	14,835	SH		SOLE		7,805	0	7,030
ISHARES TR MSCI EMERGING MKTS INDEX FD	COM	464287234	311	6,939	SH		SOLE		4,964	0	1,975
ISHARES TR N Y MUNI BD ETF FD	COM	464288323	787	13,800	SH		SOLE		13,800	0	0
ISHARES NORTH AMERICAN TECK	COM	464287549	242	1,000	SH		SOLE		0	0	1,000
ISHARES TR S&P US PFD STK INDE	COM	464288687	4,901	130,381	SH		SOLE		112,231	0	18,150
ISHARES US TECHNOLOGY ETF	COM	464287721	387	1,665	SH		SOLE		0	0	1,665
JEFFERSONVILLE BANCORP	COM	47559A103	534	29,641	SH		SOLE		29,641	0	0
JOHNSON & JOHNSON	COM	478160104	5,615	38,493	SH		SOLE		31,376	0	7,117
JP MORGAN CHASE & CO	COM	46625H100	12,359	88,658	SH		SOLE		65,552	0	23,106
KIMBERLY-CLARK CORP	COM	494368103	303	2,200	SH		SOLE		325	0	1,875
L3HARRIS TECHNOLOGIES INC	COM	502431109	786	3,971	SH		SOLE		2,661	0	1,310
LENNAR CORP	COM	526057104	445	7,972	SH		SOLE		6,211	0	1,761
LIFE STORAGE INC	COM	53223X107	231	2,135	SH		SOLE		400	0	1,735
LINCOLN ELEC HLDGS INC	COM	533900106	1,633	16,882	SH		SOLE		13,902	0	2,980
LOCKHEED MARTIN CORP	COM	539830109	1,639	4,209	SH		SOLE		2,894	0	1,315
LOWES COMPANIES INC	COM	548661107	334	2,789	SH		SOLE		2,789	0	0
LYONDELLBASELL INDUSTRIES NV	COM	N53745100	325	3,441	SH		SOLE		1,961	0	1,480
M & T BANK CORP	COM	55261F104	852	5,020	SH		SOLE		4,420	0	600
MARSH & MCLENNAN CO INC	COM	571748102	5,058	45,402	SH		SOLE		35,040	0	10,362
MASCO CORP	COM	574599106	229	4,775	SH		SOLE		3,865	0	910
MCDONALDS CORP	COM	580135101	1,120	5,666	SH		SOLE		3,035	0	2,631
MEDTRONIC PLC	COM	G5960L103	16,752	147,657	SH		SOLE		18,624	0	129,033
MERCK & CO INC	COM	58933Y105	4,248	46,703	SH		SOLE		34,745	0	11,958
METLIFE INC	COM	59156R108	438	8,597	SH		SOLE		7,947	0	650
MICROSOFT CORP	COM	594918104	20,763	131,659	SH		SOLE		105,488	0	26,171
MONDELEZ INTL INC CL A	COM	609207105	1,658	30,104	SH		SOLE		24,147	0	5,957
MORGAN STANLEY	COM	617446448	2,155	42,165	SH		SOLE		31,029	0	11,136
NEW RESIDENTIAL INVT	COM	64828T201	182	11,300	SH		SOLE		11,300	0	0
NEXTERA ENERGY INC.	COM	302571104	1,047	4,325	SH		SOLE		2,625	0	1,700
NIKE INC CLASS B	COM	654106103	5,163	50,967	SH		SOLE		35,473	0	15,494
NORFOLK SOUTHERN CORP	COM	655844108	694	3,575	SH		SOLE		2,350	0	1,225
NORTHROP GRUMMAN CORP	COM	666807102	1,149	3,340	SH		SOLE		3,310	0	30
NUVEEN MUNICIPAL CREDIT INCOME FD	COM	67071L106	175	10,500	SH		SOLE		10,500	0	0
NUVEEN AMT FREE MUN INCOME FD	COM	670657105	316	22,000	SH		SOLE		22,000	0	0
NUVEEN MUN HIGH INCOME OPP FD	COM	670682103	163	11,500	SH		SOLE		11,500	0	0
NUVEEN MUNICIPAL CR INCOME FD	COM	67070X101	172	10,500	SH		SOLE		10,500	0	0
NUVEEN MUNICIPAL VALUE FUND INC	COM	670928100	1,150	107,486	SH		SOLE		106,936	0	550
ORACLE CORPORATION	COM	68389X105	2,568	48,462	SH		SOLE		46,142	0	2,320
ORANGE CNTY BANCORP INC	COM	68417L107	25,002	850,397	SH		SOLE		0	0	850,397
OSHKOSH CORP	COM	688239201	1,068	11,288	SH		SOLE		7,398	0	3,890
PEPSICO INCORPORATED	COM	713448108	8,425	61,647	SH		SOLE		45,724	0	15,923
PERKINELMER INC	COM	714046109	1,928	19,851	SH		SOLE		14,667	0	5,184
PFIZER INCORPORATED	COM	717081103	5,554	141,748	SH		SOLE		118,605	0	23,143
PHILLIPS 66	COM	718546104	1,467	13,171	SH		SOLE		10,896	0	2,275
PNC FINANCIAL SERVICES	COM	693475105	2,637	16,519	SH		SOLE		9,740	0	6,779
PPL CORPORATION	COM	69351T106	590	16,445	SH		SOLE		15,115	0	1,330
PROCTER & GAMBLE CO	COM	742718109	3,656	29,274	SH		SOLE		21,414	0	7,860
PROLOGICS INC.	COM	74340W103	1,334	14,961	SH		SOLE		11,411	0	3,550
QUALCOMM INC	COM	747525103	360	4,080	SH		SOLE		3,980	0	100
RAYTHEON COMPANY NEW	COM	755111507	2,635	11,991	SH		SOLE		6,314	0	5,677
RESMED INC	COM	761152107	3,806	24,560	SH		SOLE		0	0	24,560
ROYAL CARIBBEAN CRUISES LTD	COM	761152107	2,672	20,017	SH		SOLE		13,301	0	6,716
ROYAL DUTCH SHELL SPON ADR	COM	780259206	429	7,280	SH		SOLE		7,130	0	150
SALESFORCE COM	COM	79466L302	4,946	30,409	SH		SOLE		20,283	0	10,126
SELECT SECTOR SPDR TR HEALTH CARE	COM	81369Y209	206	2,025	SH		SOLE		100	0	1,925
SHERWIN WILLIAMS CO	COM	824348106	4,340	7,438	SH		SOLE		5,493	0	1,945
SIMON PPTY GROUP	COM	828806109	386	2,594	SH		SOLE		2,111	0	483
THE SOUTHERN COMPANY	COM	842587107	280	4,389	SH		SOLE		3,409	0	980
SPDR S&P 500 ETF TR	COM	78462F103	6,098	18,947	SH		SOLE		3,439	0	15,508
SPDR S&P MIDCAP 400 ETF TR	COM	78467Y107	2,778	7,400	SH		SOLE		1,140	0	6,260
STARBUCKS CORP	COM	855244109	2,916	33,166	SH		SOLE		24,321	0	8,845
STERLING BANCORP DEL COM	COM	85917A100	7,318	347,166	SH		SOLE		347,166	0	0
SUNOCO LP COM	COM	86765K109	337	11,000	SH		SOLE		11,000	0	0
SYSCO CORPORATION	COM	871829107	2,186	25,552	SH		SOLE		21,562	0	3,990
T. ROWE PRICE GROUP INC	COM	74144T108	375	3,075	SH		SOLE		3,075	0	0
AES CORP	COM	00130H105	1,908	95,884	SH		SOLE		80,664	0	15,220
ESTEE LAUDER COMPANIES INC CL A	COM	518439104	4,606	22,299	SH		SOLE		15,254	0	7,045
THE HOME DEPOT INC	COM	437076102	13,397	61,346	SH		SOLE		49,572	0	11,774
THE KRAFT HEINZ CO	COM	500754106	351	10,917	SH		SOLE		10,042	0	875
THERMO FISHER SCIENTIFIC INC.	COM	883556102	11,927	36,714	SH		SOLE		28,649	0	8,065
TORONTO DOMINION BK	COM	891160509	1,011	18,014	SH		SOLE		12,069	0	5,945
TRUIST FINANCIAL CORP	COM	89832Q109	4,743	84,212	SH		SOLE		67,543	0	16,669
TWO HBRS INVT CORP COM	COM	90187B101	181	12,350	SH		SOLE		12,350	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	883	5,894	SH		SOLE		3,064	0	2,830
UNITED HEALTHCARE CORP	COM	91324P102	6,901	23,473	SH		SOLE		16,435	0	7,038
US BANCORP DEL NEW	COM	902973304	623	10,500	SH		SOLE		950	0	9,550
VALERO ENERGY CORP	COM	91913Y100	1,366	14,585	SH		SOLE		8,255	0	6,330
VERIZON COMMUNICATIONS	COM	92343V104	7,731	125,915	SH		SOLE		98,525	0	27,390
VISA INC	COM	92826C839	5,529	29,424	SH		SOLE		18,429	0	10,995
WALGREEN BOOTS ALLIANCE INC	COM	931427108	393	6,667	SH		SOLE		6,667	0	0
WAL-MART STORES INC	COM	931142103	3,425	28,818	SH		SOLE		20,280	0	8,538
DISNEY WALT CO	COM	254687106	6,589	45,559	SH		SOLE		32,200	0	13,359
WELLS FARGO & CO NEW	COM	949746101	429	7,975	SH		SOLE		4,695	0	3,280
WILLIAMS COMPANIES	COM	969457100	871	36,727	SH		SOLE		33,217	0	3,510
WOLDS INC	COM	98159J101	28	120,000	SH		SOLE		120,000	0	0
XILINX INC	COM	983919101	3,947	40,374	SH		SOLE		26,184	0	14,190