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	775	4,421	SH		SOLE		2,321	0	2,100
ABBOTT LABORATORIES	COM	002824100	1,441	12,198	SH		SOLE		2,899	0	9,299
ABBVIE INC COM	COM	002874109	1,165	10,803	SH		SOLE		5,231	0	5,572
ADOBE SYSTEMS INC	COM	00724F101	15,681	27,237	SH		SOLE		19,765	0	7,472
ADSOUTH PARTNERS INC (NV)	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
ALBEMARLE CORP	COM	012653101	493	2,250	SH		SOLE		2,250	0	0
ALLIANT ENERGY CORP	COM	018802108	415	7,408	SH		SOLE		7,408	0	0
ALPHABET INC CLASS A	COM	02079K305	813	304	SH		SOLE		294	0	10
ALPHABET INC CLASS C	COM	02079K107	16,312	6,120	SH		SOLE		4,719	0	1,401
AMAZON COM INC	COM	023135106	11,445	3,484	SH		SOLE		2,594	0	890
AMERICAN ELECTICAL POWER COMPANY INC	COM	025537101	423	5,209	SH		SOLE		5,209	0	0
AMERICAN EXPRESS CORP	COM	025816109	2,583	15,420	SH		SOLE		13,100	0	2,320
AMERN TOWER CORP CLASS A	COM	03027X100	5,881	22,159	SH		SOLE		16,212	0	5,947
AMGEN INC COM	COM	031162100	550	2,585	SH		SOLE		1,785	0	800
ANNALY CAPITAL MANAGEMENT	COM	035710409	170	20,200	SH		SOLE		20,200	0	0
APOLLO INVESTMENT GROUP	COM	03761U502	162	12,500	SH		SOLE		12,500	0	0
APPLE, INC.	COM	037833100	21,227	150,011	SH		SOLE		110,854	0	39,157
AT & T INC	COM	00206R102	1,624	60,143	SH		SOLE		47,897	0	12,246
ATHERSYS INC	COM	04744L106	30	22,500	SH		SOLE		2,500	0	20,000
ATRION CORP	COM	049904105	349	500	SH		SOLE		0	0	500
AUTO DATA PROCESSING	COM	053015103	3,789	18,951	SH		SOLE		11,970	0	6,981
AUTOZONE INC	COM	053332102	1,652	973	SH		SOLE		825	0	148
BALCHEM CORP	COM	057665200	503	3,468	SH		SOLE		2,825	0	643
BALL CORP	COM	058498106	315	3,500	SH		SOLE		0	0	3,500
BANKAMERICA CORP	COM	060505104	8,996	211,926	SH		SOLE		179,381	0	32,545
THE BANK OF NY MELLON CORP	COM	064058100	1,115	21,508	SH		SOLE		19,773	0	1,735
BERKSHIRE BANCORP INC DEL COM	COM	084597202	118	10,816	SH		SOLE		10,816	0	0
BLACKROCK MUNIENHANCED FD INC	COM	09253Y100	211	6,950	SH		SOLE		6,950	0	0
BOEING CO	COM	097023105	1,758	7,995	SH		SOLE		5,952	0	2,043
BP PLC ADR	COM	055622104	264	9,676	SH		SOLE		9,301	0	375
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,359	22,968	SH		SOLE		20,381	0	2,587
BROADCOM LTD	COM	Y09827109	6,488	13,379	SH		SOLE		9,035	0	4,344
CABOT OIL & GAS CORP	COM	127097103	1,149	52,816	SH		SOLE		45,974	0	6,842
CARDINAL HEALTH INC	COM	14149Y108	324	6,551	SH		SOLE		6,551	0	0
CARMAX INC	COM	143130102	1,159	9,059	SH		SOLE		6,400	0	2,659
CATERPILLAR INC	COM	149123101	793	4,132	SH		SOLE		2,882	0	1,250
CHARLES SCHWAB CORP	COM	808513105	208	2,851	SH		SOLE		2,851	0	0
CHEVRON CORP	COM	166764100	2,365	23,312	SH		SOLE		16,710	0	6,602
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	2,348	1,292	SH		SOLE		1,105	0	187
CHUBB LTD	COM	H1467J104	739	4,262	SH		SOLE		4,013	0	249
CIENA CORP	COM	171779309	2,888	56,247	SH		SOLE		52,265	0	3,982
CIGNA CORP	COM	125523100	379	1,891	SH		SOLE		1,521	0	370
CISCO SYSTEMS INC	COM	17275R102	3,730	68,535	SH		SOLE		59,765	0	8,770
CITRIX SYSTEMS INC	COM	177376100	843	7,850	SH		SOLE		7,850	0	0
CMS ENERGY CORP	COM	125896100	422	7,065	SH		SOLE		7,065	0	0
COCA COLA COMPANY	COM	191216100	388	7,400	SH		SOLE		3,600	0	3,800
COMCAST CORP NEW CL A	COM	20030N101	6,300	112,641	SH		SOLE		88,423	0	24,218
COMMERCIAL METALS CO	COM	201723103	472	15,495	SH		SOLE		15,495	0	0
CONOCOPHILLIPS	COM	20825C104	2,406	35,509	SH		SOLE		25,684	0	9,825
CORNING INC	COM	219350105	951	26,057	SH		SOLE		21,532	0	4,525
COSTCO WHSL CORP NEW	COM	22160K105	2,600	5,787	SH		SOLE		4,415	0	1,372
CSW INDUSTRIALS INC	COM	126402106	410	3,212	SH		SOLE		3,212	0	0
C S X CORP	COM	126408103	5,341	179,578	SH		SOLE		146,735	0	32,843
CVS HEALTH CORP	COM	126650100	1,564	18,426	SH		SOLE		17,801	0	625
D T E ENERGY COMPANY	COM	233331107	425	3,808	SH		SOLE		3,808	0	0
DANAHER CORP	COM	235851102	10,258	33,695	SH		SOLE		26,744	0	6,951
DOLLAR GENERAL CORPORATION	COM	256677105	4,666	21,996	SH		SOLE		16,009	0	5,987
DOW INC	COM	260557103	245	4,263	SH		SOLE		4,222	0	41
DUKE ENERGY CORPORATION	COM	26441C204	3,894	39,897	SH		SOLE		29,094	0	10,803
EAGLE POINT CREDIT CO LLC	COM	269808101	143	10,500	SH		SOLE		10,500	0	0
ELI LILLY & COMPANY	COM	532457108	13,025	56,375	SH		SOLE		16,732	0	39,643
EMERSON ELECTRIC CO	COM	291011104	1,670	17,727	SH		SOLE		16,273	0	1,454
ENBRIDGE INC	COM	29250N105	1,891	47,462	SH		SOLE		39,270	0	8,192
ENZOLYTICS INC	COM	294112107	18	95,000	SH		SOLE		95,000	0	0
EXXON MOBIL CORPORATION	COM	30231G102	5,118	87,005	SH		SOLE		65,608	0	21,397
FACEBOOK INC CL A	COM	30303M102	12,856	37,881	SH		SOLE		29,202	0	8,679
FEDEX CORPORATION	COM	31428X106	3,979	18,144	SH		SOLE		14,864	0	3,280
G6 MATERIALS CORPORATION	COM	361333107	2	16,900	SH		SOLE		16,900	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	388	3,764	SH		SOLE		524	0	3,240
GOLDMAN SACHS GROUP INC	COM	38141G104	1,095	2,897	SH		SOLE		2,847	0	50
HONEYWELL INTERNATIONAL	COM	438516106	5,214	24,561	SH		SOLE		18,561	0	6,000
ILLINOIS TOOL WORKS INC	COM	452308109	622	3,010	SH		SOLE		1,100	0	1,910
ILLUMINA INC	COM	452327109	6,717	16,561	SH		SOLE		12,216	0	4,345
INTEL CORP	COM	458140100	3,166	59,421	SH		SOLE		51,255	0	8,166
INTL BUSINESS MACHINES	COM	459200101	1,571	11,307	SH		SOLE		7,955	0	3,352
INTL FLAVOR & FRAGRANCES	COM	459506101	584	4,367	SH		SOLE		4,367	0	0
INTUITIVE SURGICAL INC NEW	COM	46120E602	26,782	26,940	SH		SOLE		100	0	26,840
INVESCO QQQ TR UNIT SER 1	COM	00461E107	1,678	4,687	SH		SOLE		679	0	4,008
IRON MOUNTAIN INC	COM	46284V101	278	6,400	SH		SOLE		6,400	0	0
ISHARES TR CORE S&P SMALL-CAP ETF	COM	464287804	755	6,915	SH		SOLE		533	0	6,382
ISHARES TR MSCI EAFE ETF	COM	464287465	797	10,220	SH		SOLE		5,065	0	5,155
ISHARES TR MSCI EMERGING MKTS INDEX FD	COM	464287234	339	6,721	SH		SOLE		4,843	0	1,878
ISHARES NEW YORK MUNI BOND	COM	464288323	1,085	18,750	SH		SOLE		18,750	0	0
ISHARES NORTH AMERICAN TECH	COM	464287549	327	810	SH		SOLE		0	0	810
ISHARES TR S&P US PFD STK INDE	COM	464288687	19,251	496,045	SH		SOLE		391,435	0	104,610
ISHARES US TECHNOLOGY ETF	COM	464287721	502	4,960	SH		SOLE		0	0	4,960
JEFFERSONVILLE BANCORP	COM	47559A103	606	28,841	SH		SOLE		28,841	0	0
JOHNSON & JOHNSON	COM	478160104	4,156	25,732	SH		SOLE		21,040	0	4,692
JOHNSON CONTROLS INTERNATIONAL PLC	COM	G51502105	202	2,972	SH		SOLE		2,972	0	0
JP MORGAN CHASE & CO	COM	46625H100	13,504	82,496	SH		SOLE		61,729	0	20,767
KIMBERLY-CLARK CORP	COM	494368103	222	1,675	SH		SOLE		550	0	1,125
L3HARRIS TECHNOLOGIES INC	COM	502431109	530	2,406	SH		SOLE		2,121	0	285
LENNAR CORP	COM	526057104	698	7,448	SH		SOLE		5,962	0	1,486
LIFE STORAGE INC	COM	53223X107	367	3,202	SH		SOLE		600	0	2,602
LINCOLN ELEC HLDGS INC	COM	533900106	1,887	14,650	SH		SOLE		12,207	0	2,443
LOCKHEED MARTIN CORP	COM	539830109	1,462	4,237	SH		SOLE		2,604	0	1,633
LOWES COMPANIES INC	COM	548661107	527	2,598	SH		SOLE		1,813	0	785
LUMEN TECHNOLOGIES	COM	156700106	186	15,000	SH		SOLE		15,000	0	0
M & T BANK CORP	COM	55261F104	708	4,740	SH		SOLE		4,290	0	450
MAGNA INTERNATIONAL INC	COM	559222401	713	9,480	SH		SOLE		8,705	0	775
MARSH & MCLENNAN CO INC	COM	571748102	7,262	47,954	SH		SOLE		37,490	0	10,464
MASCO CORP	COM	574599106	204	3,670	SH		SOLE		3,100	0	570
MCDONALDS CORP	COM	580135101	1,355	5,618	SH		SOLE		3,010	0	2,608
MEDTRONIC PLC	COM	G5960L103	16,687	133,123	SH		SOLE		22,506	0	110,617
MERCK & CO INC	COM	58933Y105	2,810	37,418	SH		SOLE		28,560	0	8,858
METLIFE INC	COM	59156R108	347	5,626	SH		SOLE		5,476	0	150
MICROSOFT CORP	COM	594918104	32,025	113,595	SH		SOLE		91,821	0	21,774
MODERNA INC	COM	60770K107	214	555	SH		SOLE		535	0	20
MONDELEZ INTL INC CL A	COM	609207105	1,932	33,204	SH		SOLE		27,050	0	6,154
MORGAN STANLEY	COM	617446448	5,141	52,833	SH		SOLE		41,120	0	11,713
NEW RESIDENTIAL INVT CORP	COM	64828T201	124	11,300	SH		SOLE		11,300	0	0
NEXTERA ENERGY INC.	COM	302571104	1,305	16,626	SH		SOLE		10,234	0	6,392
NIKE INC CLASS B	COM	654106103	5,651	38,911	SH		SOLE		27,099	0	11,812
NORFOLK SOUTHERN CORP	COM	655844108	568	2,373	SH		SOLE		2,328	0	45
NORTHROP GRUMMAN CORP	COM	666807102	960	2,665	SH		SOLE		2,635	0	30
NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	COM	67071L106	180	10,500	SH		SOLE		10,500	0	0
NUVEEN AMT FREE MUN INCOME FD	COM	670657105	334	22,000	SH		SOLE		22,000	0	0
NUVEEN MUN HIGH INCOME OPP FD	COM	670682103	170	11,500	SH		SOLE		11,500	0	0
NUVEEN MUNICIPAL CR INCOME FD	COM	67070X101	176	10,500	SH		SOLE		10,500	0	0
NUVEEN MUNICIPAL VALUE FUND INC	COM	670928100	1,874	165,586	SH		SOLE		161,886	0	3,700
NVIDIA CORP	COM	67066G104	13,733	66,293	SH		SOLE		54,963	0	11,330
OCEANFIRST FINL CORP	COM	675234108	2,997	140,000	SH		SOLE		140,000	0	0
OGE ENERGY CORP	COM	670837103	408	12,366	SH		SOLE		12,366	0	0
ORACLE CORPORATION	COM	68389X105	3,002	34,456	SH		SOLE		33,106	0	1,350
ORANGE CNTY BANCORP INC	COM	68417L107	22,063	627,690	SH		SOLE		0	0	627,690
OSHKOSH CORP	COM	688239201	1,345	13,142	SH		SOLE		9,408	0	3,734
PEPSICO INCORPORATED	COM	713448108	7,615	50,631	SH		SOLE		37,631	0	13,000
PERKINELMER INC	COM	714046109	3,992	23,035	SH		SOLE		18,013	0	5,022
PFIZER INCORPORATED	COM	717081103	6,020	139,976	SH		SOLE		119,349	0	20,627
PHILLIPS 66	COM	718546104	741	10,585	SH		SOLE		7,809	0	2,776
PINNACLE WEST CAPITAL	COM	723484101	393	5,435	SH		SOLE		5,435	0	0
PNC FINANCIAL SERVICES	COM	693475105	1,593	8,143	SH		SOLE		4,248	0	3,895
PPL CORPORATION	COM	69351T106	517	18,547	SH		SOLE		17,647	0	900
PROCTER & GAMBLE CO	COM	742718109	2,526	18,071	SH		SOLE		12,981	0	5,090
PROLOGICS INC.	COM	74340W103	3,562	28,395	SH		SOLE		23,263	0	5,132
PUBLIC SERVICE ENTERPRISE GROUP INC	COM	744573106	444	7,292	SH		SOLE		7,292	0	0
QUALCOMM INC	COM	747525103	436	3,380	SH		SOLE		3,380	0	0
RAYTHEON COMPANY NEW	COM	755111507	1,116	12,984	SH		SOLE		4,863	0	8,121
RESMED INC	COM	761152107	2,899	11,000	SH		SOLE		0	0	11,000
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	1,094	12,301	SH		SOLE		9,478	0	2,823
ROYAL DUTCH SHELL SPON ADR	COM	780259206	278	6,230	SH		SOLE		6,080	0	150
SALESFORCE COM	COM	79466L302	8,894	32,794	SH		SOLE		24,640	0	8,154
SALTBAE CAPITAL CORP	COM	79575K104	0	15,000	SH		SOLE		15,000	0	0
SPDR HEALTH CARE SELECT SECTOR TR	COM	81369Y209	275	2,160	SH		SOLE		60	0	2,100
SHERWIN WILLIAMS CO	COM	824348106	6,266	22,401	SH		SOLE		15,893	0	6,508
SIMON PROPERTY GROUP INC	COM	828806109	206	1,583	SH		SOLE		1,543	0	40
SONOS INC	COM	83570H108	332	10,250	SH		SOLE		10,250	0	0
SOUTHWEST AIRLINES CO	COM	844741108	1,225	23,826	SH		SOLE		20,645	0	3,181
SPDR S&P 500 ETF TR	COM	78462F103	6,009	14,002	SH		SOLE		550	0	13,452
SPDR S&P MIDCAP 400 ETF TR	COM	78467Y107	2,132	4,434	SH		SOLE		680	0	3,754
SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	COM	78463X889	327	9,019	SH		SOLE		2,350	0	6,669
SPDR PORTFOLIO EMERGING MARKETS ETF	COM	78463X509	423	9,939	SH		SOLE		2,298	0	7,641
SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	COM	78464A375	921	25,226	SH		SOLE		4,908	0	20,318
SPDR PORTFOLIO S&P 400 MID CAP ETF	COM	78464A847	367	7,952	SH		SOLE		3,538	0	4,414
SPDR PORTFILIO S&P 500 GROWTH	COM	78464A409	458	7,154	SH		SOLE		285	0	6,869
SPDR PORTFILIO S&P 500 VALUE	COM	78464A508	345	8,849	SH		SOLE		145	0	8,704
SPDR PORTFOLIO S&P 600 SMALL CAP ETF	COM	78468R853	742	17,407	SH		SOLE		5,195	0	12,212
SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	COM	78464A474	3,926	125,616	SH		SOLE		2,561	0	123,055
STARBUCKS CORP	COM	855244109	4,207	38,138	SH		SOLE		29,640	0	8,498
STERLING BANCORP DEL COM	COM	85917A100	4,283	171,581	SH		SOLE		171,581	0	0
SUNOCO LP COM	COM	86765K109	448	12,000	SH		SOLE		12,000	0	0
SYSCO CORPORATION	COM	871829107	1,031	13,132	SH		SOLE		10,632	0	2,500
T. ROWE PRICE GROUP INC	COM	74144T108	595	3,025	SH		SOLE		3,025	0	0
TESLA MTRS INC	COM	88160R101	285	367	SH		SOLE		367	0	0
AES CORP	COM	00130H105	1,933	84,653	SH		SOLE		77,299	0	7,354
ESTEE LAUDER COMPANIES INC CL A	COM	518439104	5,694	18,984	SH		SOLE		13,640	0	5,344
THE HOME DEPOT INC	COM	437076102	16,881	51,424	SH		SOLE		41,639	0	9,785
THE KRAFT HEINZ CO	COM	500754106	339	9,199	SH		SOLE		8,324	0	875
THERMO FISHER SCIENTIFIC INC.	COM	883556102	16,305	28,540	SH		SOLE		22,490	0	6,050
TORONTO DOMINION BK	COM	891160509	258	3,900	SH		SOLE		1,700	0	2,200
TRUIST FINANCIAL CORP	COM	89832Q109	832	14,190	SH		SOLE		12,950	0	1,240
TWO HARBORS INVESTMENT CORP	COM	90187B408	78	12,350	SH		SOLE		12,350	0	0
UNITED HEALTHCARE CORP	COM	91324P102	8,507	21,772	SH		SOLE		15,872	0	5,900
UNITIL CORP	COM	913259107	375	8,770	SH		SOLE		8,770	0	0
US BANCORP DEL NEW	COM	902973304	217	3,650	SH		SOLE		100	0	3,550
VALERO ENERGY CORP	COM	91913Y100	413	5,855	SH		SOLE		2,130	0	3,725
VANGUARD ADMIRAL FDS INC S&P SMALLCAP 600 INDEX FD	COM	921932828	821	4,075	SH		SOLE		4,075	0	0
VANGUARD EMERGING MARKETS ETF	COM	922042858	280	5,605	SH		SOLE		5,605	0	0
VANGUARD FTSE DEVELOPED MARKETS ETF	COM	921943858	440	8,710	SH		SOLE		8,635	0	75
VERIZON COMMUNICATIONS	COM	92343V104	6,352	117,604	SH		SOLE		94,927	0	22,677
VISA INC	COM	92826C839	6,665	29,922	SH		SOLE		20,861	0	9,061
WALGREEN BOOTS ALLIANCE INC	COM	931427108	314	6,667	SH		SOLE		6,667	0	0
WAL-MART STORES INC	COM	931142103	3,254	23,348	SH		SOLE		15,599	0	7,749
DISNEY WALT CO	COM	254687106	7,518	44,442	SH		SOLE		33,282	0	11,160
WILLIAMS COMPANIES	COM	969457100	379	14,609	SH		SOLE		14,279	0	330
XCEL ENERGY INC	COM	98389B100	380	6,088	SH		SOLE		6,088	0	0
XILINX INC	COM	983919101	4,182	27,696	SH		SOLE		20,429	0	7,267