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	773	4,954	SH		SOLE		2,854	0	2,100
ABBOTT LABORATORIES	COM	002824100	1,568	17,148	SH		SOLE		4,154	0	12,994
ABBVIE INC COM	COM	002874109	1,494	15,212	SH		SOLE		5,891	0	9,321
ADOBE SYSTEMS INC	COM	00724F101	13,065	30,013	SH		SOLE		22,111	0	7,902
ADSOUTH PARTNERS INC (NV)	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
ALPHABET INC CLASS A	COM	02079K305	437	308	SH		SOLE		298	0	10
ALPHABET INC CLASS C	COM	02079K107	8,650	6,119	SH		SOLE		4,604	0	1,515
ALTRIA GROUP INC	COM	02209S103	236	6,000	SH		SOLE		5,400	0	600
AMAZON COM INC	COM	023135106	9,010	3,266	SH		SOLE		2,435	0	831
AMERN TOWER CORP CLASS A	COM	03027X100	6,301	24,373	SH		SOLE		17,836	0	6,537
AMGEN INC COM	COM	031162100	771	3,268	SH		SOLE		2,408	0	860
ANNALY MTG MANAGEMENT	COM	035710409	123	18,700	SH		SOLE		18,700	0	0
APOLLO INVT CORP COM	COM	03761U502	105	11,000	SH		SOLE		11,000	0	0
APPLE, INC.	COM	037833100	15,511	42,519	SH		SOLE		31,630	0	10,889
ASHFORD HOSPITALITY TR INC	COM	044103109	14	20,000	SH		SOLE		20,000	0	0
AT & T INC	COM	00206R102	1,989	65,799	SH		SOLE		53,478	0	12,321
ATHERSYS INC	COM	04744L106	62	22,500	SH		SOLE		2,500	0	20,000
ATRION CORP	COM	049904105	319	500	SH		SOLE		0	0	500
AUTO DATA PROCESSING	COM	053015103	3,635	24,417	SH		SOLE		14,837	0	9,580
AUTOZONE INC	COM	053332102	971	861	SH		SOLE		707	0	154
BALCHEM CORP	COM	057665200	366	3,855	SH		SOLE		3,012	0	843
BALL CORP	COM	058498106	243	3,500	SH		SOLE		0	0	3,500
BANKAMERICA CORP	COM	060505104	4,730	199,157	SH		SOLE		164,105	0	35,052
THE BANK OF NY MELLON CORP	COM	064058100	1,061	27,447	SH		SOLE		23,512	0	3,935
BERKSHIRE BANCORP INC DEL COM	COM	084597202	104	12,298	SH		SOLE		12,298	0	0
BLACKROCK CAPITAL INVESTMENT C	COM	092533108	57	21,500	SH		SOLE		21,500	0	0
BLACKROCK MUNIENHANCED FD INC	COM	09253Y100	125	11,400	SH		SOLE		11,400	0	0
BOEING CO	COM	097023105	2,137	11,656	SH		SOLE		8,936	0	2,720
BP PLC ADR	COM	055622104	277	11,896	SH		SOLE		10,571	0	1,325
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,599	27,193	SH		SOLE		23,956	0	3,237
BROADCOM LTD	COM	Y09827109	5,218	16,532	SH		SOLE		11,609	0	4,923
CABOT OIL & GAS CORP	COM	127097103	661	38,457	SH		SOLE		30,045	0	8,412
CARDINAL HEALTH INC	COM	14149Y108	384	7,365	SH		SOLE		7,365	0	0
CARMAX INC	COM	143130102	742	8,291	SH		SOLE		5,659	0	2,632
CATERPILLAR INC	COM	149123101	525	4,154	SH		SOLE		2,879	0	1,275
Cellcube Energy Storage Sys Inc Com	COM	15116L102	0	15,000	SH		SOLE		15,000	0	0
CHEVRON CORP	COM	166764100	2,655	29,757	SH		SOLE		23,105	0	6,652
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	807	767	SH		SOLE		666	0	101
CHUBB LTD	COM	H1467J104	710	5,606	SH		SOLE		5,357	0	249
CIENA CORP	COM	171779309	667	12,315	SH		SOLE		12,315	0	0
CIGNA CORP	COM	125523100	417	2,220	SH		SOLE		1,837	0	383
CISCO SYSTEMS INC	COM	17275R102	4,734	101,490	SH		SOLE		86,390	0	15,100
CITRIX SYSTEMS INC	COM	177376100	1,453	9,825	SH		SOLE		9,825	0	0
COCA COLA COMPANY	COM	191216100	365	8,180	SH		SOLE		4,380	0	3,800
COMCAST CORP NEW CL A	COM	20030N101	4,634	118,877	SH		SOLE		89,886	0	28,991
COMMERCIAL METALS CO	COM	201723103	323	15,855	SH		SOLE		15,855	0	0
CONOCOPHILLIPS	COM	20825C104	1,791	42,630	SH		SOLE		33,620	0	9,010
CONSOLIDATED EDISON INC	COM	209115104	208	2,896	SH		SOLE		2,010	0	886
CORNING INC	COM	219350105	773	29,862	SH		SOLE		25,137	0	4,725
COSTCO WHSL CORP NEW	COM	22160K105	2,232	7,361	SH		SOLE		5,939	0	1,422
CSW INDUSTRIALS INC	COM	126402106	229	3,312	SH		SOLE		3,312	0	0
C S X CORP	COM	126408103	3,339	47,874	SH		SOLE		39,122	0	8,752
CVS HEALTH CORP	COM	126650100	1,490	22,926	SH		SOLE		22,171	0	755
DANAHER CORP	COM	235851102	5,812	32,865	SH		SOLE		25,443	0	7,422
DOLLAR GENERAL CORPORATION	COM	256677105	4,172	21,901	SH		SOLE		16,858	0	5,043
DUKE ENERGY CORPORATION	COM	26441C204	3,772	47,220	SH		SOLE		34,952	0	12,268
DUPONT DE MEMOURS INC	COM	26614N102	296	5,572	SH		SOLE		5,526	0	46
EAGLE POINT CREDIT CO	COM	269808101	75	10,500	SH		SOLE		10,500	0	0
ELI LILLY & COMPANY	COM	532457108	9,812	59,763	SH		SOLE		19,260	0	40,503
EMERSON ELECTRIC CO	COM	291011104	1,241	20,008	SH		SOLE		18,135	0	1,873
ENBRIDGE INC	COM	29250N105	2,255	74,124	SH		SOLE		56,402	0	17,722
EXXON MOBIL CORPORATION	COM	30231G102	2,836	63,422	SH		SOLE		40,937	0	22,485
FACEBOOK INC CL A	COM	30303M102	8,283	36,479	SH		SOLE		27,848	0	8,631
FEDEX CORPORATION	COM	31428X106	1,414	10,081	SH		SOLE		8,183	0	1,898
GENERAL ELECTRIC COMPANY	COM	370000000	239	35,058	SH		SOLE		6,627	0	28,431
GLAXOSMITHKLINE PLC ADR	COM	37733W105	228	5,583	SH		SOLE		2,083	0	3,500
GOLDMAN SACHS GROUP INC	COM	38141G104	848	4,292	SH		SOLE		4,242	0	50
HALLIBURTON COMPANY	COM	406216101	215	16,580	SH		SOLE		14,580	0	2,000
HONEYWELL INTERNATIONAL	COM	438516106	3,720	25,729	SH		SOLE		18,940	0	6,789
ILLINOIS TOOL WORKS INC	COM	452308109	567	3,245	SH		SOLE		1,165	0	2,080
ILLUMINA INC	COM	452327109	5,717	15,436	SH		SOLE		10,941	0	4,495
INTEL CORP	COM	458140100	5,039	84,226	SH		SOLE		73,645	0	10,581
INTL BUSINESS MACHINES	COM	459200101	1,353	11,202	SH		SOLE		7,380	0	3,822
INTL FLAVOR & FRAGRANCES	COM	459506101	434	3,540	SH		SOLE		3,540	0	0
INTUITIVE SURGICAL INC NEW	COM	46120E602	16,772	29,434	SH		SOLE		119	0	29,315
INVESCO QQQ TR UNIT SER 1	COM	46090E103	1,534	6,194	SH		SOLE		1,934	0	4,260
ISHARES TR CORE S&P SMALL-CAP ETF	COM	464287804	490	7,176	SH		SOLE		195	0	6,981
ISHARES TR MSCI EAFE ETF	COM	464287465	625	10,275	SH		SOLE		5,095	0	5,180
ISHARES TR MSCI EMERGING MKTS INDEX FD	COM	464287234	256	6,414	SH		SOLE		4,536	0	1,878
ISHARES TR N Y MUNI BD ETF FD	COM	464288323	817	14,200	SH		SOLE		14,200	0	0
ISHARES NORTH AMERICAN TECH	COM	464287549	237	850	SH		SOLE		25	0	825
ISHARES TR S&P US PFD STK INDE	COM	464288687	4,835	139,582	SH		SOLE		120,882	0	18,700
ISHARES US TECHNOLOGY ETF	COM	464287721	449	1,665	SH		SOLE		0	0	1,665
JEFFERSONVILLE BANCORP	COM	47559A103	445	29,641	SH		SOLE		29,641	0	0
JOHNSON & JOHNSON	COM	478160104	5,203	36,996	SH		SOLE		30,861	0	6,135
JP MORGAN CHASE & CO	COM	46625H100	8,451	89,843	SH		SOLE		67,452	0	22,391
KIMBERLY-CLARK CORP	COM	494368103	269	1,900	SH		SOLE		525	0	1,375
L3HARRIS TECHNOLOGIES INC	COM	502431109	647	3,816	SH		SOLE		2,531	0	1,285
LENNAR CORP	COM	526057104	423	6,866	SH		SOLE		5,331	0	1,535
LIFE STORAGE INC	COM	53223X107	203	2,135	SH		SOLE		400	0	1,735
LINCOLN ELEC HLDGS INC	COM	533900106	1,274	15,124	SH		SOLE		11,791	0	3,333
LOCKHEED MARTIN CORP	COM	539830109	2,379	6,519	SH		SOLE		4,859	0	1,660
LOWES COMPANIES INC	COM	548661107	470	3,475	SH		SOLE		2,650	0	825
LYONDELLBASELL INDUSTRIES NV	COM	N53745100	201	3,051	SH		SOLE		2,096	0	955
M & T BANK CORP	COM	55261F104	870	8,367	SH		SOLE		7,617	0	750
MARSH & MCLENNAN CO INC	COM	571748102	5,136	47,838	SH		SOLE		36,446	0	11,392
MASCO CORP	COM	574599106	214	4,270	SH		SOLE		3,400	0	870
MCDONALDS CORP	COM	580135101	1,278	6,926	SH		SOLE		4,295	0	2,631
MEDTRONIC PLC	COM	G5960L103	11,870	129,441	SH		SOLE		18,388	0	111,053
MERCK & CO INC	COM	58933Y105	3,891	50,318	SH		SOLE		37,918	0	12,400
METLIFE INC	COM	59156R108	251	6,872	SH		SOLE		6,722	0	150
MICROSOFT CORP	COM	594918104	26,663	131,017	SH		SOLE		106,393	0	24,624
MONDELEZ INTL INC CL A	COM	609207105	1,682	32,904	SH		SOLE		25,232	0	7,672
MORGAN STANLEY	COM	617446448	1,787	37,005	SH		SOLE		26,359	0	10,646
NEW RESIDENTIAL INVT	COM	64828T201	84	11,300	SH		SOLE		11,300	0	0
NEXTERA ENERGY INC.	COM	302571104	954	3,972	SH		SOLE		2,272	0	1,700
NIKE INC CLASS B	COM	654106103	4,636	47,280	SH		SOLE		34,035	0	13,245
NORFOLK SOUTHERN CORP	COM	655844108	464	2,643	SH		SOLE		2,458	0	185
NORTHROP GRUMMAN CORP	COM	666807102	935	3,040	SH		SOLE		3,010	0	30
NUVEEN MUNICIPAL CREDIT INCOME FD	COM	67071L106	160	10,500	SH		SOLE		10,500	0	0
NUVEEN AMT FREE MUN INCOME FD	COM	670657105	306	22,000	SH		SOLE		22,000	0	0
NUVEEN MUN HIGH INCOME OPP FD	COM	670682103	152	11,500	SH		SOLE		11,500	0	0
NUVEEN MUNICIPAL CR INCOME FD	COM	67070X101	155	10,500	SH		SOLE		10,500	0	0
NUVEEN MUNICIPAL VALUE FUND INC	COM	670928100	1,184	116,118	SH		SOLE		115,568	0	550
NVIDIA CORP	COM	67066G104	5,459	14,370	SH		SOLE		12,230	0	2,140
OCEANFIRST FINL CORP	COM	675234108	2,468	140,000	SH		SOLE		140,000	0	0
ORACLE CORPORATION	COM	68389X105	2,519	45,580	SH		SOLE		44,160	0	1,420
ORANGE CNTY BANCORP INC	COM	68417L107	15,367	647,031	SH		SOLE		0	0	647,031
OSHKOSH CORP	COM	688239201	800	11,175	SH		SOLE		7,230	0	3,945
PEPSICO INCORPORATED	COM	713448108	8,000	60,485	SH		SOLE		45,363	0	15,122
PERKINELMER INC	COM	714046109	2,003	20,419	SH		SOLE		15,259	0	5,160
PFIZER INCORPORATED	COM	717081103	4,709	144,000	SH		SOLE		120,893	0	23,107
PHILLIPS 66	COM	718546104	563	7,826	SH		SOLE		6,451	0	1,375
PNC FINANCIAL SERVICES	COM	693475105	1,172	11,143	SH		SOLE		6,823	0	4,320
PPL CORPORATION	COM	69351T106	490	18,945	SH		SOLE		17,615	0	1,330
PROCTER & GAMBLE CO	COM	742718109	3,335	27,893	SH		SOLE		20,788	0	7,105
PROLOGICS INC.	COM	74340W103	2,217	23,752	SH		SOLE		19,027	0	4,725
QUALCOMM INC	COM	747525103	358	3,930	SH		SOLE		3,830	0	100
RAYTHEON COMPANY NEW	COM	755111507	1,896	30,777	SH		SOLE		17,045	0	13,732
RESMED INC	COM	761152107	2,328	12,125	SH		SOLE		0	0	12,125
ROYAL CARIBBEAN CRUISES LTD	COM	761152107	717	14,263	SH		SOLE		8,959	0	5,304
ROYAL DUTCH SHELL SPON ADR	COM	780259206	264	8,080	SH		SOLE		7,930	0	150
SALESFORCE COM	COM	79466L302	5,962	31,828	SH		SOLE		23,367	0	8,461
SPDR HEALTH CARE SELECT SECTOR TR	COM	81369Y209	216	2,160	SH		SOLE		60	0	2,100
SHERWIN WILLIAMS CO	COM	824348106	4,510	7,804	SH		SOLE		5,507	0	2,297
SONOS INC	COM	83570H108	340	23,250	SH		SOLE		23,250	0	0
SPDR S&P 500 ETF TR	COM	78462F103	6,419	20,817	SH		SOLE		4,611	0	16,206
SPDR S&P MIDCAP 400 ETF TR	COM	78467Y107	1,923	5,927	SH		SOLE		980	0	4,947
SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	COM	78464A375	1,768	48,399	SH		SOLE		1,988	0	46,411
SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	COM	78464A474	1,762	56,221	SH		SOLE		2,225	0	53,996
STARBUCKS CORP	COM	855244109	2,400	32,611	SH		SOLE		23,451	0	9,160
STERLING BANCORP DEL COM	COM	85917A100	3,854	328,866	SH		SOLE		328,866	0	0
SUNOCO LP COM	COM	86765K109	251	11,000	SH		SOLE		11,000	0	0
SYSCO CORPORATION	COM	871829107	1,074	19,652	SH		SOLE		17,087	0	2,565
AES CORP	COM	00130H105	1,131	78,058	SH		SOLE		68,388	0	9,670
ESTEE LAUDER COMPANIES INC CL A	COM	518439104	3,955	20,962	SH		SOLE		14,987	0	5,975
THE HOME DEPOT INC	COM	437076102	15,087	60,224	SH		SOLE		49,299	0	10,925
THE KRAFT HEINZ CO	COM	500754106	351	11,020	SH		SOLE		10,145	0	875
THERMO FISHER SCIENTIFIC INC.	COM	883556102	12,533	34,589	SH		SOLE		27,760	0	6,829
TORONTO DOMINION BK	COM	891160509	291	6,514	SH		SOLE		4,204	0	2,310
TRUIST FINANCIAL CORP	COM	89832Q109	1,719	45,770	SH		SOLE		39,273	0	6,497
TWO HBRS INVT CORP COM	COM	90187B101	62	12,350	SH		SOLE		12,350	0	0
UNITED HEALTHCARE CORP	COM	91324P102	6,943	23,539	SH		SOLE		17,186	0	6,353
US BANCORP DEL NEW	COM	902973304	262	7,117	SH		SOLE		3,067	0	4,050
VALERO ENERGY CORP	COM	91913Y100	426	7,235	SH		SOLE		3,910	0	3,325
VERIZON COMMUNICATIONS	COM	92343V104	7,105	128,879	SH		SOLE		103,048	0	25,831
VISA INC	COM	92826C839	6,027	31,199	SH		SOLE		21,911	0	9,288
WALGREEN BOOTS ALLIANCE INC	COM	931427108	283	6,667	SH		SOLE		6,667	0	0
WAL-MART STORES INC	COM	931142103	3,355	28,013	SH		SOLE		19,375	0	8,638
DISNEY WALT CO	COM	254687106	4,943	44,328	SH		SOLE		32,095	0	12,233
WELLS FARGO & CO NEW	COM	949746101	201	7,849	SH		SOLE		4,881	0	2,968
WESTMONT RES INC	COM	96081P302	0	30,000	SH		SOLE		0	0	30,000
WILLIAMS COMPANIES	COM	969457100	394	20,719	SH		SOLE		19,189	0	1,530
WOLDS INC	COM	98159J101	35	153,350	SH		SOLE		153,350	0	0
XILINX INC	COM	983919101	2,751	27,960	SH		SOLE		19,608	0	8,352