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	843	4,822	SH		SOLE		2,722	0	2,100
ABBOTT LABORATORIES	COM	002824100	1,628	14,868	SH		SOLE		3,299	0	11,569
ABBVIE INC COM	COM	002874109	1,443	13,470	SH		SOLE		5,649	0	7,821
ADOBE SYSTEMS INC	COM	00724F101	15,069	30,131	SH		SOLE		22,279	0	7,852
ADSOUTH PARTNERS INC (NV)	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
ALBEMARLE CORP	COM	012653101	332	2,250	SH		SOLE		2,250	0	0
ALPHABET INC CLASS A	COM	02079K305	533	304	SH		SOLE		294	0	10
ALPHABET INC CLASS C	COM	02079K107	11,140	6,359	SH		SOLE		4,830	0	1,529
ALTRIA GROUP INC	COM	02209S103	234	5,717	SH		SOLE		5,217	0	500
AMAZON COM INC	COM	023135106	11,240	3,451	SH		SOLE		2,600	0	851
AMERN TOWER CORP CLASS A	COM	03027X100	5,569	24,810	SH		SOLE		18,373	0	6,437
AMGEN INC COM	COM	031162100	700	3,045	SH		SOLE		2,185	0	860
ANNALY CAPITAL MANAGEMENT	COM	035710409	171	20,200	SH		SOLE		20,200	0	0
APOLLO INVESTMENT GROUP	COM	03761U502	133	12,500	SH		SOLE		12,500	0	0
APPLE, INC.	COM	037833100	22,300	168,062	SH		SOLE		125,606	0	42,456
AT & T INC	COM	00206R102	1,829	63,598	SH		SOLE		51,352	0	12,246
ATHERSYS INC	COM	04744L106	39	22,500	SH		SOLE		2,500	0	20,000
ATRION CORP	COM	049904105	321	500	SH		SOLE		0	0	500
AUTO DATA PROCESSING	COM	053015103	4,115	23,352	SH		SOLE		14,457	0	8,895
AUTOZONE INC	COM	053332102	1,065	898	SH		SOLE		737	0	161
BALCHEM CORP	COM	057665200	414	3,593	SH		SOLE		2,950	0	643
BALL CORP	COM	058498106	326	3,500	SH		SOLE		0	0	3,500
BANKAMERICA CORP	COM	060505104	6,182	203,948	SH		SOLE		170,996	0	32,952
THE BANK OF NY MELLON CORP	COM	064058100	1,029	24,250	SH		SOLE		22,315	0	1,935
BERKSHIRE BANCORP INC DEL COM	COM	084597202	130	13,048	SH		SOLE		13,048	0	0
BLACKROCK MUNIENHANCED FD INC	COM	09253Y100	137	11,400	SH		SOLE		11,400	0	0
BOEING CO	COM	097023105	2,206	10,305	SH		SOLE		7,790	0	2,515
BP PLC ADR	COM	055622104	229	11,155	SH		SOLE		9,830	0	1,325
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,613	26,003	SH		SOLE		22,766	0	3,237
BROADCOM LTD	COM	Y09827109	6,918	15,801	SH		SOLE		10,983	0	4,818
CABOT OIL & GAS CORP	COM	127097103	767	47,142	SH		SOLE		38,845	0	8,297
CARDINAL HEALTH INC	COM	14149Y108	386	7,202	SH		SOLE		7,202	0	0
CARMAX INC	COM	143130102	804	8,509	SH		SOLE		5,842	0	2,667
CATERPILLAR INC	COM	149123101	740	4,064	SH		SOLE		2,789	0	1,275
Cellcube Energy Storage Sys Inc Com	COM	15116L102	1	15,000	SH		SOLE		15,000	0	0
CHEVRON CORP	COM	166764100	2,327	27,558	SH		SOLE		21,141	0	6,417
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	1,550	1,118	SH		SOLE		982	0	136
CHUBB LTD	COM	H1467J104	789	5,125	SH		SOLE		4,876	0	249
CIENA CORP	COM	171779309	1,979	37,446	SH		SOLE		35,181	0	2,265
CIGNA CORP	COM	125523100	429	2,060	SH		SOLE		1,677	0	383
CISCO SYSTEMS INC	COM	17275R102	4,210	94,081	SH		SOLE		80,451	0	13,630
CITRIX SYSTEMS INC	COM	177376100	1,229	9,450	SH		SOLE		9,450	0	0
COCA COLA COMPANY	COM	191216100	420	7,655	SH		SOLE		3,855	0	3,800
COLGATE PALMOLIVE CO	COM	194162103	211	2,463	SH		SOLE		300	0	2,163
COMCAST CORP NEW CL A	COM	20030N101	6,205	118,410	SH		SOLE		91,418	0	26,992
COMMERCIAL METALS CO	COM	201723103	326	15,855	SH		SOLE		15,855	0	0
CONOCOPHILLIPS	COM	20825C104	1,864	46,621	SH		SOLE		35,481	0	11,140
CORNING INC	COM	219350105	1,019	28,312	SH		SOLE		23,587	0	4,725
COSTCO WHSL CORP NEW	COM	22160K105	2,735	7,260	SH		SOLE		5,828	0	1,432
CSW INDUSTRIALS INC	COM	126402106	371	3,312	SH		SOLE		3,312	0	0
C S X CORP	COM	126408103	5,689	62,684	SH		SOLE		51,362	0	11,322
CVS HEALTH CORP	COM	126650100	1,493	21,856	SH		SOLE		21,101	0	755
DANAHER CORP	COM	235851102	7,462	33,591	SH		SOLE		26,088	0	7,503
DOLLAR GENERAL CORPORATION	COM	256677105	4,892	23,264	SH		SOLE		18,144	0	5,120
DOW INC	COM	260557103	261	4,702	SH		SOLE		4,656	0	46
DUKE ENERGY CORPORATION	COM	26441C204	3,766	41,127	SH		SOLE		29,701	0	11,426
DUPONT DE MEMOURS INC	COM	26614N102	386	5,435	SH		SOLE		5,389	0	46
EAGLE POINT CREDIT CO LLC	COM	269808101	106	10,500	SH		SOLE		10,500	0	0
ELI LILLY & COMPANY	COM	532457108	10,331	61,190	SH		SOLE		21,259	0	39,931
EMERSON ELECTRIC CO	COM	291011104	1,512	18,809	SH		SOLE		17,334	0	1,475
ENBRIDGE INC	COM	29250N105	1,827	57,127	SH		SOLE		45,815	0	11,312
EXXON MOBIL CORPORATION	COM	30231G102	2,693	65,338	SH		SOLE		45,715	0	19,623
FACEBOOK INC CL A	COM	30303M102	10,162	37,200	SH		SOLE		28,679	0	8,521
FEDEX CORPORATION	COM	31428X106	3,897	15,009	SH		SOLE		12,646	0	2,363
GENERAL ELECTRIC COMPANY	COM	369604103	331	30,683	SH		SOLE		4,750	0	25,933
GOLDMAN SACHS GROUP INC	COM	38141G104	1,000	3,792	SH		SOLE		3,742	0	50
HALLIBURTON COMPANY	COM	406216101	265	14,030	SH		SOLE		12,030	0	2,000
HONEYWELL INTERNATIONAL	COM	438516106	5,643	26,529	SH		SOLE		19,952	0	6,577
ILLINOIS TOOL WORKS INC	COM	452308109	662	3,245	SH		SOLE		1,165	0	2,080
ILLUMINA INC	COM	452327109	6,209	16,780	SH		SOLE		12,140	0	4,640
INTEL CORP	COM	458140100	3,602	72,299	SH		SOLE		62,333	0	9,966
INTL BUSINESS MACHINES	COM	459200101	1,410	11,202	SH		SOLE		7,800	0	3,402
INTL FLAVOR & FRAGRANCES	COM	459506101	364	3,340	SH		SOLE		3,340	0	0
INTUITIVE SURGICAL INC NEW	COM	46120E602	24,064	29,415	SH		SOLE		100	0	29,315
INVESCO QQQ TR UNIT SER 1	COM	46090E103	2,255	7,187	SH		SOLE		3,052	0	4,135
ISHARES TR CORE S&P SMALL-CAP ETF	COM	464287804	609	6,627	SH		SOLE		245	0	6,382
ISHARES TR MSCI EAFE ETF	COM	464287465	755	10,350	SH		SOLE		5,170	0	5,180
ISHARES TR MSCI EMERGING MKTS INDEX FD	COM	464287234	329	6,362	SH		SOLE		4,484	0	1,878
ISHARES TR N Y MUNI BD ETF FD	COM	464288323	810	13,900	SH		SOLE		13,900	0	0
ISHARES NORTH AMERICAN TECH	COM	464287549	289	825	SH		SOLE		0	0	825
ISHARES TR S&P US PFD STK INDE	COM	464288687	12,113	314,538	SH		SOLE		259,663	0	54,875
ISHARES US TECHNOLOGY ETF	COM	464287721	465	5,460	SH		SOLE		0	0	5,460
JEFFERSONVILLE BANCORP	COM	47559A103	505	29,641	SH		SOLE		29,641	0	0
JOHNSON & JOHNSON	COM	478160104	5,483	34,840	SH		SOLE		29,053	0	5,787
JP MORGAN CHASE & CO	COM	46625H100	11,335	89,204	SH		SOLE		67,563	0	21,641
KIMBERLY-CLARK CORP	COM	494368103	256	1,900	SH		SOLE		525	0	1,375
L3HARRIS TECHNOLOGIES INC	COM	502431109	498	2,636	SH		SOLE		2,351	0	285
LENNAR CORP	COM	526057104	530	6,959	SH		SOLE		5,409	0	1,550
LIFE STORAGE INC	COM	53223X107	255	2,135	SH		SOLE		400	0	1,735
LINCOLN ELEC HLDGS INC	COM	533900106	1,677	14,425	SH		SOLE		11,735	0	2,690
LOCKHEED MARTIN CORP	COM	539830109	2,881	8,117	SH		SOLE		6,337	0	1,780
LOWES COMPANIES INC	COM	548661107	563	3,509	SH		SOLE		2,684	0	825
LUMEN TECHNOLOGIES	COM	156700106	146	15,000	SH		SOLE		15,000	0	0
LYONDELLBASELL INDUSTRIES NV	COM	N53745100	204	2,226	SH		SOLE		1,421	0	805
M & T BANK CORP	COM	55261F104	966	7,592	SH		SOLE		6,942	0	650
MARSH & MCLENNAN CO INC	COM	571748102	5,669	48,455	SH		SOLE		37,576	0	10,879
MASCO CORP	COM	574599106	218	3,970	SH		SOLE		3,100	0	870
MCDONALDS CORP	COM	580135101	1,515	7,058	SH		SOLE		4,445	0	2,613
MEDTRONIC PLC	COM	G5960L103	15,186	129,637	SH		SOLE		18,794	0	110,843
MERCK & CO INC	COM	58933Y105	4,146	50,688	SH		SOLE		38,968	0	11,720
METLIFE INC	COM	59156R108	305	6,502	SH		SOLE		6,352	0	150
MICROSOFT CORP	COM	594918104	28,881	129,849	SH		SOLE		106,489	0	23,360
MONDELEZ INTL INC CL A	COM	609207105	1,859	31,797	SH		SOLE		25,495	0	6,302
MORGAN STANLEY	COM	617446448	3,387	49,430	SH		SOLE		38,150	0	11,280
NEW RESIDENTIAL INVT CORP	COM	64828T201	112	11,300	SH		SOLE		11,300	0	0
NEXTERA ENERGY INC.	COM	302571104	1,770	22,945	SH		SOLE		16,145	0	6,800
NIKE INC CLASS B	COM	654106103	6,684	47,250	SH		SOLE		34,265	0	12,985
NORFOLK SOUTHERN CORP	COM	655844108	628	2,643	SH		SOLE		2,458	0	185
NORTHROP GRUMMAN CORP	COM	666807102	926	3,040	SH		SOLE		3,010	0	30
NUVEEN MUNICIPAL CREDIT INCOME FD	COM	67071L106	176	10,500	SH		SOLE		10,500	0	0
NUVEEN AMT FREE MUN INCOME FD	COM	670657105	332	22,000	SH		SOLE		22,000	0	0
NUVEEN MUN HIGH INCOME OPP FD	COM	670682103	166	11,500	SH		SOLE		11,500	0	0
NUVEEN MUNICIPAL CR INCOME FD	COM	67070X101	169	10,500	SH		SOLE		10,500	0	0
NUVEEN MUNICIPAL VALUE FUND INC	COM	670928100	1,559	140,436	SH		SOLE		139,086	0	1,350
NVIDIA CORP	COM	67066G104	6,801	13,023	SH		SOLE		13,023	0	0
OCEANFIRST FINL CORP	COM	675234108	2,608	140,000	SH		SOLE		140,000	0	0
ORACLE CORPORATION	COM	68389X105	2,736	42,300	SH		SOLE		40,950	0	1,350
ORANGE CNTY BANCORP INC	COM	68417L107	17,329	635,941	SH		SOLE		0	0	635,941
OSHKOSH CORP	COM	688239201	1,073	12,468	SH		SOLE		8,365	0	4,103
PEPSICO INCORPORATED	COM	713448108	8,777	59,186	SH		SOLE		45,059	0	14,127
PERKINELMER INC	COM	714046109	3,062	21,336	SH		SOLE		15,983	0	5,353
PFIZER INCORPORATED	COM	717081103	5,243	142,441	SH		SOLE		120,954	0	21,487
PHILLIPS 66	COM	718546104	872	12,467	SH		SOLE		9,722	0	2,745
PNC FINANCIAL SERVICES	COM	693475105	1,648	11,058	SH		SOLE		6,913	0	4,145
PPL CORPORATION	COM	69351T106	570	20,212	SH		SOLE		18,982	0	1,230
PROCTER & GAMBLE CO	COM	742718109	3,581	25,739	SH		SOLE		20,159	0	5,580
PROLOGICS INC.	COM	74340W103	2,442	24,499	SH		SOLE		20,084	0	4,415
QUALCOMM INC	COM	747525103	583	3,830	SH		SOLE		3,830	0	0
RAYTHEON COMPANY NEW	COM	755111507	1,173	16,403	SH		SOLE		6,670	0	9,733
RESMED INC	COM	761152107	2,577	12,125	SH		SOLE		0	0	12,125
ROYAL CARIBBEAN CRUISES LTD	COM	761152107	620	8,301	SH		SOLE		5,447	0	2,854
ROYAL DUTCH SHELL SPON ADR	COM	780259206	304	8,639	SH		SOLE		8,489	0	150
SALESFORCE COM	COM	79466L302	7,375	33,141	SH		SOLE		24,620	0	8,521
SPDR HEALTH CARE SELECT SECTOR TR	COM	81369Y209	245	2,160	SH		SOLE		60	0	2,100
SHERWIN WILLIAMS CO	COM	824348106	5,789	7,877	SH		SOLE		5,585	0	2,292
SONOS INC	COM	83570H108	474	20,250	SH		SOLE		20,250	0	0
SPDR S&P 500 ETF TR	COM	78462F103	7,789	20,833	SH		SOLE		6,225	0	14,608
SPDR S&P MIDCAP 400 ETF TR	COM	78467Y107	2,326	5,538	SH		SOLE		1,020	0	4,518
SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	COM	78464A375	1,980	53,267	SH		SOLE		3,227	0	50,040
SPDR PORTFILIO S&P 500 GROWTH	COM	78464A409	263	4,756	SH		SOLE		159	0	4,597
SPDR PORTFILIO S&P 500 VALUE	COM	78464A508	206	5,994	SH		SOLE		623	0	5,371
SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	COM	78464A474	1,980	63,062	SH		SOLE		3,679	0	59,383
STARBUCKS CORP	COM	855244109	3,502	32,732	SH		SOLE		23,972	0	8,760
STERLING BANCORP DEL COM	COM	85917A100	6,038	335,805	SH		SOLE		335,805	0	0
SUNOCO LP COM	COM	86765K109	345	12,000	SH		SOLE		12,000	0	0
SYSCO CORPORATION	COM	871829107	1,318	17,752	SH		SOLE		15,187	0	2,565
T. ROWE PRICE GROUP INC	COM	74144T108	466	3,075	SH		SOLE		3,075	0	0
TESLA MTRS INC	COM	88160R101	261	370	SH		SOLE		370	0	0
AES CORP	COM	00130H105	1,875	79,768	SH		SOLE		70,483	0	9,285
ESTEE LAUDER COMPANIES INC CL A	COM	518439104	5,565	20,905	SH		SOLE		15,050	0	5,855
THE HOME DEPOT INC	COM	437076102	15,792	59,453	SH		SOLE		48,793	0	10,660
THE KRAFT HEINZ CO	COM	500754106	368	10,615	SH		SOLE		9,740	0	875
THERMO FISHER SCIENTIFIC INC.	COM	883556102	15,505	33,288	SH		SOLE		26,533	0	6,755
TORONTO DOMINION BK	COM	891160509	368	6,514	SH		SOLE		4,204	0	2,310
TRUIST FINANCIAL CORP	COM	89832Q109	1,236	25,778	SH		SOLE		23,152	0	2,626
TWO HARBORS INVESTMENT CORP	COM	90187B408	79	12,350	SH		SOLE		12,350	0	0
UNITED HEALTHCARE CORP	COM	91324P102	8,274	23,593	SH		SOLE		17,370	0	6,223
US BANCORP DEL NEW	COM	902973304	332	7,117	SH		SOLE		3,067	0	4,050
VALERO ENERGY CORP	COM	91913Y100	418	7,385	SH		SOLE		4,160	0	3,225
VANGUARD FTSE DEVELOPED MARKETS ETF	COM	921943858	202	588	SH		SOLE		0	0	588
VERIZON COMMUNICATIONS	COM	92343V104	7,570	128,852	SH		SOLE		104,246	0	24,606
VISA INC	COM	92826C839	6,917	31,624	SH		SOLE		22,470	0	9,154
WALGREEN BOOTS ALLIANCE INC	COM	931427108	266	6,667	SH		SOLE		6,667	0	0
WAL-MART STORES INC	COM	931142103	4,111	28,519	SH		SOLE		20,001	0	8,518
DISNEY WALT CO	COM	254687106	8,049	44,425	SH		SOLE		32,541	0	11,884
WILLIAMS COMPANIES	COM	969457100	355	17,727	SH		SOLE		16,687	0	1,040
WORLDS INC	COM	98159J200	46	153,350	SH		SOLE		153,350	0	0
XILINX INC	COM	983919101	3,917	27,630	SH		SOLE		19,640	0	7,990