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	756	5,537	SH		SOLE		3,437	0	2,100
ABBOTT LABORATORIES	COM	002824100	1,460	18,498	SH		SOLE		3,799	0	14,699
ABBVIE INC COM	COM	002874109	1,015	13,328	SH		SOLE		3,728	0	9,600
ADOBE SYSTEMS INC	COM	00724F101	9,596	30,153	SH		SOLE		21,892	0	8,261
AIMGLOBAL TECHNOLOGIES INC	COM	00900N100	0	10,000	SH		SOLE		0	0	10,000
ADSOUTH PARTNERS INC (NV)	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
ALPS ALERIAN MLP ETF	COM	00162Q866	36	10,375	SH		SOLE		10,375	0	0
ALLERGAN PLC	COM	G0177J108	480	2,711	SH		SOLE		2,611	0	100
ALPHABET INC CLASS A	COM	02079K305	349	300	SH		SOLE		290	0	10
ALPHABET INC CLASS C	COM	02079K107	7,116	6,120	SH		SOLE		4,551	0	1,569
ALTRIA GROUP INC	COM	02209S103	232	6,000	SH		SOLE		5,400	0	600
AMAZON COM INC	COM	023135106	6,340	3,252	SH		SOLE		2,384	0	868
AMERN TOWER CORP CLASS A	COM	03027X100	5,396	24,782	SH		SOLE		17,933	0	6,849
AMGEN INC COM	COM	031162100	737	3,637	SH		SOLE		2,657	0	980
ANNALY MTG MANAGEMENT	COM	035710409	95	18,700	SH		SOLE		18,700	0	0
APOLLO INVT CORP COM	COM	03761U502	74	11,000	SH		SOLE		11,000	0	0
APPLE, INC.	COM	037833100	10,780	42,392	SH		SOLE		31,206	0	11,186
ASHFORD HOSPITALITY TR INC	COM	044103109	15	20,000	SH		SOLE		20,000	0	0
AT & T INC	COM	00206R102	1,737	59,597	SH		SOLE		46,367	0	13,230
ATHERSYS INC	COM	04744L106	68	22,500	SH		SOLE		2,500	0	20,000
ATRION CORP	COM	049904105	325	500	SH		SOLE		0	0	500
AUTO DATA PROCESSING	COM	053015103	3,437	25,147	SH		SOLE		15,437	0	9,710
AUTOZONE INC	COM	053332102	781	923	SH		SOLE		770	0	153
BALCHEM CORP	COM	057665200	381	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	3,936	185,399	SH		SOLE		151,702	0	33,697
THE BANK OF NY MELLON CORP	COM	064058100	933	27,696	SH		SOLE		23,611	0	4,085
BERKSHIRE BANCORP INC DEL COM	COM	084597202	121	12,298	SH		SOLE		12,298	0	0
BLACKROCK CAPITAL INVESTMENT C	COM	092533108	47	21,500	SH		SOLE		21,500	0	0
BLACKROCK MUNIENHANCED FD INC	COM	09253Y100	122	11,400	SH		SOLE		11,400	0	0
BOEING CO	COM	097023105	1,700	11,401	SH		SOLE		8,471	0	2,930
BOREAL WATER COLLECTION INC CO	COM	09971P100	0	35,700	SH		SOLE		0	0	35,700
BP PLC ADR	COM	055622104	221	9,057	SH		SOLE		7,732	0	1,325
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,537	27,569	SH		SOLE		23,932	0	3,637
BROADCOM LTD	COM	Y09827109	3,946	16,642	SH		SOLE		11,619	0	5,023
CABOT OIL & GAS CORP	COM	127097103	603	35,104	SH		SOLE		29,357	0	5,747
CARDINAL HEALTH INC	COM	14149Y108	356	7,428	SH		SOLE		7,428	0	0
CARMAX INC	COM	143130102	440	8,166	SH		SOLE		5,309	0	2,857
CATERPILLAR INC	COM	149123101	505	4,354	SH		SOLE		3,079	0	1,275
Cellcube Energy Storage Sys Inc Com	COM	15116L102	0	15,000	SH		SOLE		15,000	0	0
CHEVRON CORP	COM	166764100	2,179	30,070	SH		SOLE		23,238	0	6,832
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	524	800	SH		SOLE		800	0	0
CHUBB LTD	COM	H1467J104	630	5,638	SH		SOLE		5,329	0	309
CIGNA CORP	COM	125523100	397	2,240	SH		SOLE		1,857	0	383
CISCO SYSTEMS INC	COM	17275R102	4,011	102,038	SH		SOLE		86,938	0	15,100
CITRIX SYSTEMS INC	COM	177376100	1,405	9,925	SH		SOLE		9,925	0	0
COCA COLA COMPANY	COM	191216100	340	7,680	SH		SOLE		3,880	0	3,800
COMCAST CORP NEW CL A	COM	20030N101	4,125	119,969	SH		SOLE		90,109	0	29,860
COMMERCIAL METALS CO	COM	201723103	250	15,855	SH		SOLE		15,855	0	0
CONOCOPHILLIPS	COM	20825C104	1,336	43,383	SH		SOLE		33,675	0	9,708
CORNING INC	COM	219350105	664	32,312	SH		SOLE		27,587	0	4,725
COSTCO WHSL CORP NEW	COM	22160K105	2,054	7,203	SH		SOLE		5,831	0	1,372
CSW INDUSTRIALS INC	COM	126402106	215	3,312	SH		SOLE		3,312	0	0
C S X CORP	COM	126408103	2,513	43,856	SH		SOLE		35,504	0	8,352
CVS HEALTH CORP	COM	126650100	1,372	23,126	SH		SOLE		22,371	0	755
DANAHER CORP	COM	235851102	4,459	32,216	SH		SOLE		25,066	0	7,150
DOLLAR GENERAL CORPORATION	COM	256677105	3,276	21,695	SH		SOLE		16,760	0	4,935
DUKE ENERGY CORPORATION	COM	26441C204	3,787	46,824	SH		SOLE		34,740	0	12,084
EAGLE POINT CREDIT CO	COM	269808101	72	10,500	SH		SOLE		10,500	0	0
ELI LILLY & COMPANY	COM	532457108	8,263	59,565	SH		SOLE		19,032	0	40,533
EMERSON ELECTRIC CO	COM	291011104	954	20,020	SH		SOLE		18,145	0	1,875
ENBRIDGE INC	COM	29250N105	2,185	75,118	SH		SOLE		56,657	0	18,461
EXXON MOBIL CORPORATION	COM	30231G102	2,141	56,395	SH		SOLE		35,204	0	21,191
FACEBOOK INC CL A	COM	30303M102	6,170	36,988	SH		SOLE		28,010	0	8,978
FEDEX CORPORATION	COM	31428X106	1,180	9,728	SH		SOLE		7,790	0	1,938
GENERAL ELECTRIC COMPANY	COM	370000000	276	34,808	SH		SOLE		6,475	0	28,333
GLAXOSMITHKLINE PLC ADR	COM	37733W105	212	5,583	SH		SOLE		2,083	0	3,500
GOLDMAN SACHS GROUP INC	COM	38141G104	675	4,367	SH		SOLE		4,292	0	75
HALLIBURTON COMPANY	COM	406216101	117	17,080	SH		SOLE		15,080	0	2,000
HONEYWELL INTERNATIONAL	COM	438516106	3,259	24,358	SH		SOLE		18,079	0	6,279
ILLINOIS TOOL WORKS INC	COM	452308109	461	3,245	SH		SOLE		1,165	0	2,080
ILLUMINA INC	COM	452327109	4,237	15,513	SH		SOLE		10,763	0	4,750
INTEL CORP	COM	458140100	4,677	86,427	SH		SOLE		75,046	0	11,381
INTL BUSINESS MACHINES	COM	459200101	1,237	11,147	SH		SOLE		7,325	0	3,822
INTL FLAVOR & FRAGRANCES	COM	459506101	361	3,540	SH		SOLE		3,540	0	0
INTUITIVE SURGICAL INC NEW	COM	46120E602	16,176	32,665	SH		SOLE		0	0	32,665
INVESCO QQQ TR UNIT SER 1	COM	46090E103	1,134	5,955	SH		SOLE		1,695	0	4,260
ISHARES TR CORE S&P SMALL-CAP ETF	COM	464287804	415	7,390	SH		SOLE		70	0	7,320
ISHARES TR MSCI EAFE ETF	COM	464287465	563	10,525	SH		SOLE		5,295	0	5,230
ISHARES TR MSCI EMERGING MKTS INDEX FD	COM	464287234	221	6,464	SH		SOLE		4,489	0	1,975
ISHARES TR N Y MUNI BD ETF FD	COM	464288323	780	13,800	SH		SOLE		13,800	0	0
ISHARES TR S&P US PFD STK INDE	COM	464288687	4,415	138,674	SH		SOLE		119,974	0	18,700
ISHARES US TECHNOLOGY ETF	COM	464287721	340	1,665	SH		SOLE		0	0	1,665
JEFFERSONVILLE BANCORP	COM	47559A103	431	29,641	SH		SOLE		29,641	0	0
JOHNSON & JOHNSON	COM	478160104	4,897	37,348	SH		SOLE		30,633	0	6,715
JP MORGAN CHASE & CO	COM	46625H100	7,814	86,797	SH		SOLE		63,911	0	22,886
KIMBERLY-CLARK CORP	COM	494368103	217	1,700	SH		SOLE		325	0	1,375
L3HARRIS TECHNOLOGIES INC	COM	502431109	705	3,916	SH		SOLE		2,631	0	1,285
LENNAR CORP	COM	526057104	272	7,120	SH		SOLE		5,319	0	1,801
LIFE STORAGE INC	COM	53223X107	202	2,135	SH		SOLE		400	0	1,735
LINCOLN ELEC HLDGS INC	COM	533900106	1,051	15,239	SH		SOLE		11,871	0	3,368
LOCKHEED MARTIN CORP	COM	539830109	2,196	6,479	SH		SOLE		4,844	0	1,635
LOWES COMPANIES INC	COM	548661107	317	3,679	SH		SOLE		2,854	0	825
M & T BANK CORP	COM	55261F104	856	8,274	SH		SOLE		7,624	0	650
MARSH & MCLENNAN CO INC	COM	571748102	4,129	47,755	SH		SOLE		35,953	0	11,802
MCDONALDS CORP	COM	580135101	1,101	6,656	SH		SOLE		4,025	0	2,631
MEDTRONIC PLC	COM	G5960L103	11,728	130,046	SH		SOLE		18,403	0	111,643
MERCK & CO INC	COM	58933Y105	3,831	49,788	SH		SOLE		37,355	0	12,433
METLIFE INC	COM	59156R108	210	6,872	SH		SOLE		6,722	0	150
MICROSOFT CORP	COM	594918104	20,737	131,488	SH		SOLE		106,867	0	24,621
MONDELEZ INTL INC CL A	COM	609207105	1,623	32,416	SH		SOLE		25,444	0	6,972
MORGAN STANLEY	COM	617446448	1,238	36,426	SH		SOLE		25,745	0	10,681
NEW RESIDENTIAL INVT	COM	64828T201	57	11,300	SH		SOLE		11,300	0	0
NEXTERA ENERGY INC.	COM	302571104	993	4,126	SH		SOLE		2,426	0	1,700
NIKE INC CLASS B	COM	654106103	3,935	47,560	SH		SOLE		33,861	0	13,699
NORFOLK SOUTHERN CORP	COM	655844108	415	2,843	SH		SOLE		2,458	0	385
NORTHROP GRUMMAN CORP	COM	666807102	935	3,090	SH		SOLE		3,060	0	30
NUVEEN MUNICIPAL CREDIT INCOME FD	COM	67071L106	154	10,500	SH		SOLE		10,500	0	0
NUVEEN AMT FREE MUN INCOME FD	COM	670657105	298	22,000	SH		SOLE		22,000	0	0
NUVEEN MUN HIGH INCOME OPP FD	COM	670682103	143	11,500	SH		SOLE		11,500	0	0
NUVEEN MUNICIPAL CR INCOME FD	COM	67070X101	148	10,500	SH		SOLE		10,500	0	0
NUVEEN MUNICIPAL VALUE FUND INC	COM	670928100	1,085	111,198	SH		SOLE		111,198	0	0
NVIDIA CORP	COM	67066G104	3,713	14,085	SH		SOLE		11,985	0	2,100
OCEANFIRST FINL CORP	COM	675234108	2,227	140,000	SH		SOLE		140,000	0	0
ORACLE CORPORATION	COM	68389X105	2,225	46,031	SH		SOLE		44,611	0	1,420
ORANGE CNTY BANCORP INC	COM	68417L107	16,066	649,141	SH		SOLE		0	0	649,141
OSHKOSH CORP	COM	688239201	710	11,038	SH		SOLE		7,183	0	3,855
PEPSICO INCORPORATED	COM	713448108	7,369	61,356	SH		SOLE		46,032	0	15,324
PERKINELMER INC	COM	714046109	1,517	20,157	SH		SOLE		15,013	0	5,144
PFIZER INCORPORATED	COM	717081103	4,616	141,412	SH		SOLE		118,349	0	23,063
PHILLIPS 66	COM	718546104	422	7,867	SH		SOLE		6,492	0	1,375
PNC FINANCIAL SERVICES	COM	693475105	1,112	11,618	SH		SOLE		7,298	0	4,320
PPL CORPORATION	COM	69351T106	455	18,445	SH		SOLE		17,115	0	1,330
PROCTER & GAMBLE CO	COM	742718109	3,065	27,864	SH		SOLE		20,759	0	7,105
PROLOGICS INC.	COM	74340W103	1,927	23,982	SH		SOLE		19,477	0	4,505
QUALCOMM INC	COM	747525103	268	3,955	SH		SOLE		3,855	0	100
RAYTHEON COMPANY NEW	COM	755111507	1,534	11,696	SH		SOLE		6,289	0	5,407
RESMED INC	COM	761152107	2,117	14,375	SH		SOLE		0	0	14,375
ROYAL CARIBBEAN CRUISES LTD	COM	761152107	508	15,804	SH		SOLE		10,083	0	5,721
ROYAL DUTCH SHELL SPON ADR	COM	780259206	284	8,130	SH		SOLE		7,980	0	150
SALESFORCE COM	COM	79466L302	4,592	31,890	SH		SOLE		22,974	0	8,916
SHERWIN WILLIAMS CO	COM	824348106	3,589	7,810	SH		SOLE		5,483	0	2,327
SPDR S&P 500 ETF TR	COM	78462F103	5,042	19,561	SH		SOLE		4,375	0	15,186
SPDR S&P MIDCAP 400 ETF TR	COM	78467Y107	1,625	6,183	SH		SOLE		1,010	0	5,173
STARBUCKS CORP	COM	855244109	2,196	33,399	SH		SOLE		24,264	0	9,135
STERLING BANCORP DEL COM	COM	85917A100	3,478	332,866	SH		SOLE		332,866	0	0
SUNOCO LP COM	COM	86765K109	172	11,000	SH		SOLE		11,000	0	0
SYSCO CORPORATION	COM	871829107	901	19,752	SH		SOLE		17,187	0	2,565
T. ROWE PRICE GROUP INC	COM	74144T108	300	3,075	SH		SOLE		3,075	0	0
AES CORP	COM	00130H105	1,003	73,766	SH		SOLE		62,546	0	11,220
ESTEE LAUDER COMPANIES INC CL A	COM	518439104	3,400	21,339	SH		SOLE		15,034	0	6,305
THE HOME DEPOT INC	COM	437076102	11,297	60,506	SH		SOLE		49,356	0	11,150
THE KRAFT HEINZ CO	COM	500754106	276	11,151	SH		SOLE		10,276	0	875
THERMO FISHER SCIENTIFIC INC.	COM	883556102	10,006	35,281	SH		SOLE		28,169	0	7,112
TORONTO DOMINION BK	COM	891160509	291	6,864	SH		SOLE		4,554	0	2,310
TRUIST FINANCIAL CORP	COM	89832Q109	1,521	49,315	SH		SOLE		41,571	0	7,744
TWO HBRS INVT CORP COM	COM	90187B101	47	12,350	SH		SOLE		12,350	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	518	5,494	SH		SOLE		3,314	0	2,180
UNITED HEALTHCARE CORP	COM	91324P102	5,951	23,863	SH		SOLE		17,355	0	6,508
US BANCORP DEL NEW	COM	902973304	245	7,117	SH		SOLE		3,067	0	4,050
VALERO ENERGY CORP	COM	91913Y100	328	7,235	SH		SOLE		3,910	0	3,325
VERIZON COMMUNICATIONS	COM	92343V104	6,848	127,452	SH		SOLE		101,143	0	26,309
VISA INC	COM	92826C839	5,007	31,074	SH		SOLE		21,278	0	9,796
WALGREEN BOOTS ALLIANCE INC	COM	931427108	305	6,667	SH		SOLE		6,667	0	0
WAL-MART STORES INC	COM	931142103	3,250	28,602	SH		SOLE		19,964	0	8,638
DISNEY WALT CO	COM	254687106	4,328	44,808	SH		SOLE		32,340	0	12,468
WELLS FARGO & CO NEW	COM	949746101	238	8,303	SH		SOLE		5,233	0	3,070
WESTMONT RES INC	COM	96081P302	0	30,000	SH		SOLE		0	0	30,000
WILLIAMS COMPANIES	COM	969457100	314	22,206	SH		SOLE		19,276	0	2,930
WOLDS INC	COM	98159J101	37	153,350	SH		SOLE		153,350	0	0
XILINX INC	COM	983919101	2,129	27,311	SH		SOLE		18,129	0	9,182