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	792	4,459	SH		SOLE		2,522	0	1,937
ABBOTT LABORATORIES	COM	002824100	1,717	12,198	SH		SOLE		2,909	0	9,289
ABBVIE INC COM	COM	002874109	1,484	10,961	SH		SOLE		5,301	0	5,660
ADOBE SYSTEMS INC	COM	00724F101	15,329	27,033	SH		SOLE		19,955	0	7,078
ADSOUTH PARTNERS INC (NV)	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
AGNC INVESTMENT CORP	COM	00123Q104	150	10,000	SH		SOLE		10,000	0	0
ALBEMARLE CORP	COM	012653101	526	2,250	SH		SOLE		2,250	0	0
ALLIANT ENERGY CORP	COM	018802108	577	9,394	SH		SOLE		9,394	0	0
ALPHABET INC CLASS A	COM	02079K305	895	309	SH		SOLE		294	0	15
ALPHABET INC CLASS C	COM	02079K107	17,581	6,076	SH		SOLE		4,761	0	1,315
AMAZON COM INC	COM	023135106	11,620	3,485	SH		SOLE		2,623	0	862
AMERICAN ELECTICAL POWER COMPANY INC	COM	025537101	585	6,574	SH		SOLE		6,574	0	0
AMERICAN EXPRESS CORP	COM	025816109	2,862	17,492	SH		SOLE		15,052	0	2,440
AMERN TOWER CORP CLASS A	COM	03027X100	6,509	22,252	SH		SOLE		16,795	0	5,457
AMGEN INC COM	COM	031162100	559	2,485	SH		SOLE		1,785	0	700
ANNALY CAPITAL MANAGEMENT	COM	035710409	174	22,200	SH		SOLE		22,200	0	0
APOLLO INVESTMENT GROUP	COM	03761U502	160	12,500	SH		SOLE		12,500	0	0
APPLE, INC.	COM	037833100	26,323	148,242	SH		SOLE		111,309	0	36,933
AT & T INC	COM	00206R102	1,118	45,443	SH		SOLE		45,443	0	0
ATHERSYS INC	COM	04744L106	20	22,500	SH		SOLE		2,500	0	20,000
ATRION CORP	COM	049904105	352	500	SH		SOLE		0	0	500
AUTO DATA PROCESSING	COM	053015103	4,521	18,336	SH		SOLE		11,772	0	6,564
AUTOZONE INC	COM	053332102	2,084	994	SH		SOLE		840	0	154
BALCHEM CORP	COM	057665200	595	3,528	SH		SOLE		2,885	0	643
BALL CORP	COM	058498106	337	3,500	SH		SOLE		0	0	3,500
BANKAMERICA CORP	COM	060505104	9,570	215,110	SH		SOLE		181,994	0	33,116
THE BANK OF NY MELLON CORP	COM	064058100	1,245	21,433	SH		SOLE		19,698	0	1,735
BERKSHIRE BANCORP INC DEL COM	COM	084597202	118	10,816	SH		SOLE		10,816	0	0
BLACKROCK MORTGAGE TRUST INC	COM	09257W100	213	6,950	SH		SOLE		6,950	0	0
BOEING CO	COM	097023105	1,600	7,945	SH		SOLE		5,907	0	2,038
BP PLC ADR	COM	055622104	271	10,182	SH		SOLE		9,807	0	375
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,426	22,868	SH		SOLE		20,281	0	2,587
BROADCOM LTD	COM	Y09827109	8,501	12,776	SH		SOLE		8,785	0	3,991
CARDINAL HEALTH INC	COM	14149Y108	335	6,501	SH		SOLE		6,501	0	0
CARMAX INC	COM	143130102	1,134	8,707	SH		SOLE		6,398	0	2,309
CATERPILLAR INC	COM	149123101	828	4,006	SH		SOLE		2,756	0	1,250
CHARLES SCHWAB CORP	COM	808513105	240	2,851	SH		SOLE		2,851	0	0
CHEVRON CORP	COM	166764100	2,824	24,062	SH		SOLE		17,810	0	6,252
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	2,327	1,331	SH		SOLE		1,145	0	186
CHUBB LTD	COM	H1467J104	793	4,102	SH		SOLE		3,853	0	249
CIENA CORP	COM	171779309	4,717	61,290	SH		SOLE		57,226	0	4,064
CIGNA CORP	COM	125523100	431	1,879	SH		SOLE		1,509	0	370
CISCO SYSTEMS INC	COM	17275R102	4,210	66,436	SH		SOLE		58,031	0	8,405
CITRIX SYSTEMS INC	COM	177376100	681	7,200	SH		SOLE		7,200	0	0
CMS ENERGY CORP	COM	125896100	581	8,926	SH		SOLE		8,926	0	0
COCA COLA COMPANY	COM	191216100	434	7,328	SH		SOLE		3,528	0	3,800
COLGATE-PALMOLIVE CO	com	194162103	223	2,613	SH		SOLE		450	0	2,163
COMCAST CORP NEW CL A	COM	20030N101	5,256	104,430	SH		SOLE		83,187	0	21,243
COMMERCIAL METALS CO	COM	201723103	559	15,410	SH		SOLE		15,410	0	0
CONOCOPHILLIPS	COM	20825C104	2,552	35,354	SH		SOLE		25,729	0	9,625
CONSOLIDATED EDISON INC	COM	209115104	215	2,521	SH		SOLE		2,521	0	0
CORNING INC	COM	219350105	914	24,562	SH		SOLE		20,037	0	4,525
COSTCO WHSL CORP NEW	COM	22160K105	3,154	5,555	SH		SOLE		4,425	0	1,130
COTERRA ENERGY INC	COM	127097103	1,352	71,172	SH		SOLE		58,962	0	12,210
CSW INDUSTRIALS INC	COM	126402106	388	3,212	SH		SOLE		3,212	0	0
C S X CORP	COM	126408103	6,793	180,655	SH		SOLE		148,477	0	32,178
CVS HEALTH CORP	COM	126650100	1,886	18,281	SH		SOLE		17,656	0	625
D T E ENERGY COMPANY	COM	233331107	578	4,838	SH		SOLE		4,838	0	0
DANAHER CORP	COM	235851102	10,981	33,377	SH		SOLE		26,964	0	6,413
DOLLAR GENERAL CORPORATION	COM	256677105	5,171	21,926	SH		SOLE		16,307	0	5,619
DOW INC	COM	260557103	268	4,730	SH		SOLE		4,689	0	41
DUKE ENERGY CORPORATION	COM	26441C204	4,267	40,676	SH		SOLE		30,345	0	10,331
EAGLE POINT CREDIT CO LLC	COM	269808101	147	10,500	SH		SOLE		10,500	0	0
ELI LILLY & COMPANY	COM	532457108	15,429	55,857	SH		SOLE		16,929	0	38,928
EMERSON ELECTRIC CO	COM	291011104	1,636	17,602	SH		SOLE		16,148	0	1,454
ENBRIDGE INC	COM	29250N105	2,258	57,710	SH		SOLE		49,518	0	8,192
EXXON MOBIL CORPORATION	COM	30231G102	5,463	89,286	SH		SOLE		68,619	0	20,667
FEDEX CORPORATION	COM	31428X106	4,922	19,031	SH		SOLE		15,608	0	3,423
G6 MATERIALS CORPORATION	COM	361333107	1	16,900	SH		SOLE		16,900	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	409	4,326	SH		SOLE		1,086	0	3,240
GOLDMAN SACHS GROUP INC	COM	38141G104	1,108	2,897	SH		SOLE		2,847	0	50
HONEYWELL INTERNATIONAL	COM	438516106	5,006	24,010	SH		SOLE		18,545	0	5,465
ILLINOIS TOOL WORKS INC	COM	452308109	792	3,210	SH		SOLE		1,330	0	1,880
ILLUMINA INC	COM	452327109	6,342	16,670	SH		SOLE		12,581	0	4,089
INTEL CORP	COM	458140100	3,032	58,866	SH		SOLE		50,700	0	8,166
INTL BUSINESS MACHINES	COM	459200101	1,528	11,432	SH		SOLE		8,080	0	3,352
INTL FLAVOR & FRAGRANCES	COM	459506101	643	4,267	SH		SOLE		4,267	0	0
INTUITIVE SURGICAL INC NEW	COM	46120E602	29,039	80,820	SH		SOLE		300	0	80,520
INVESCO EX TR FD TR II CEF INCOME COM	COM	46138E404	249	10,304	SH		SOLE		10,304	0	0
INVESCO QQQ TR UNIT SER 1	COM	00461E107	1,871	4,702	SH		SOLE		694	0	4,008
IRON MOUNTAIN INC	COM	46284V101	335	6,400	SH		SOLE		6,400	0	0
ISHARES TR CORE S&P SMALL-CAP ETF	COM	464287804	790	6,900	SH		SOLE		518	0	6,382
ISHARES TR MSCI EAFE ETF	COM	464287465	715	9,090	SH		SOLE		5,135	0	3,955
ISHARES TR MSCI EMERGING MKTS INDEX FD	COM	464287234	282	5,771	SH		SOLE		3,893	0	1,878
ISHARES NEW YORK MUNI BOND	COM	464288323	1,069	18,450	SH		SOLE		18,450	0	0
ISHARES TR S&P US PFD STK INDE	COM	464288687	20,149	511,011	SH		SOLE		417,231	0	93,780
ISHARES US TECHNOLOGY ETF	COM	464287721	570	4,960	SH		SOLE		0	0	4,960
JEFFERSONVILLE BANCORP	COM	47559A103	684	31,094	SH		SOLE		31,094	0	0
JOHNSON & JOHNSON	COM	478160104	4,360	25,487	SH		SOLE		21,465	0	4,022
JOHNSON CONTROLS INTERNATIONAL PLC	COM	G51502105	242	2,972	SH		SOLE		2,972	0	0
JP MORGAN CHASE & CO	COM	46625H100	12,989	82,025	SH		SOLE		62,281	0	19,744
KIMBERLY-CLARK CORP	COM	494368103	239	1,675	SH		SOLE		550	0	1,125
L3HARRIS TECHNOLOGIES INC	COM	502431109	448	2,102	SH		SOLE		1,847	0	255
LENNAR CORP	COM	526057104	859	7,393	SH		SOLE		5,907	0	1,486
LIFE STORAGE INC	COM	53223X107	490	3,202	SH		SOLE		600	0	2,602
LINCOLN ELEC HLDGS INC	COM	533900106	2,059	14,760	SH		SOLE		12,307	0	2,453
LOCKHEED MARTIN CORP	COM	539830109	1,413	3,977	SH		SOLE		2,489	0	1,488
LOWES COMPANIES INC	COM	548661107	520	2,010	SH		SOLE		1,650	0	360
LUMEN TECHNOLOGIES	COM	156700106	188	15,000	SH		SOLE		15,000	0	0
M & T BANK CORP	COM	55261F104	658	4,285	SH		SOLE		3,935	0	350
MAGNA INTERNATIONAL INC	COM	559222401	896	11,065	SH		SOLE		10,290	0	775
MARSH & MCLENNAN CO INC	COM	571748102	8,283	47,651	SH		SOLE		38,012	0	9,639
MASCO CORP	COM	574599106	258	3,670	SH		SOLE		3,100	0	570
MCDONALDS CORP	COM	580135101	1,405	5,243	SH		SOLE		2,935	0	2,308
MEDTRONIC PLC	COM	G5960L103	13,678	132,221	SH		SOLE		21,555	0	110,666
MERCK & CO INC	COM	58933Y105	2,794	36,457	SH		SOLE		28,650	0	7,807
META PLATFORMS INC	COM	30303M102	12,680	37,700	SH		SOLE		29,613	0	8,087
METLIFE INC	COM	59156R108	339	5,426	SH		SOLE		5,276	0	150
MICROSOFT CORP	COM	594918104	37,456	111,371	SH		SOLE		90,528	0	20,843
MOLSON COORS BREWING CO	COM	60871R209	333	7,191	SH		SOLE		1,022	0	6,169
MODERNA INC	COM	60770K107	1,849	27,881	SH		SOLE		27,881	0	0
MORGAN STANLEY	COM	617446448	5,261	53,593	SH		SOLE		41,689	0	11,904
NEW RESIDENTIAL INVT CORP	COM	64828T201	148	13,800	SH		SOLE		13,800	0	0
NEXTERA ENERGY INC.	COM	302571104	1,465	15,693	SH		SOLE		9,909	0	5,784
NIKE INC CLASS B	COM	654106103	6,316	37,896	SH		SOLE		27,144	0	10,752
NORFOLK SOUTHERN CORP	COM	655844108	706	2,373	SH		SOLE		2,328	0	45
NORTHROP GRUMMAN CORP	COM	666807102	1,032	2,665	SH		SOLE		2,635	0	30
NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	COM	67071L106	188	10,500	SH		SOLE		10,500	0	0
NUVEEN AMT FREE MUN INCOME FD	COM	670657105	343	22,000	SH		SOLE		22,000	0	0
NUVEEN MUN HIGH INCOME OPP FD	COM	670682103	174	11,500	SH		SOLE		11,500	0	0
NUVEEN MUNICIPAL CR INCOME FD	COM	67070X101	180	10,500	SH		SOLE		10,500	0	0
NUVEEN MUNICIPAL VALUE FUND INC	COM	670928100	1,738	167,461	SH		SOLE		163,761	0	3,700
NVIDIA CORP	COM	67066G104	18,993	64,579	SH		SOLE		53,889	0	10,690
OGE ENERGY CORP	COM	670837103	596	15,532	SH		SOLE		15,532	0	0
ORACLE CORPORATION	COM	68389X105	2,889	33,132	SH		SOLE		32,482	0	650
ORANGE CNTY BANCORP INC	COM	68417L107	24,892	627,787	SH		SOLE		0	0	627,787
OSHKOSH CORP	COM	688239201	1,508	13,381	SH		SOLE		9,657	0	3,724
PEPSICO INCORPORATED	COM	713448108	8,665	49,881	SH		SOLE		37,431	0	12,450
PERKINELMER INC	COM	714046109	4,548	22,621	SH		SOLE		17,624	0	4,997
PFIZER INCORPORATED	COM	717081103	8,473	143,481	SH		SOLE		122,929	0	20,552
PHILLIPS 66	COM	718546104	762	10,510	SH		SOLE		7,734	0	2,776
PINNACLE WEST CAPITAL	COM	723484101	503	7,132	SH		SOLE		7,132	0	0
PLATINUM GROUP METALS LTD	COM	72765Q882	21	13,150	SH		SOLE		0	0	13,150
PNC FINANCIAL SERVICES	COM	693475105	1,518	7,568	SH		SOLE		4,248	0	3,320
PPL CORPORATION	COM	69351T106	555	18,447	SH		SOLE		17,547	0	900
PROCTER & GAMBLE CO	COM	742718109	2,926	17,889	SH		SOLE		12,726	0	5,163
PROLOGICS INC.	COM	74340W103	4,988	29,625	SH		SOLE		24,313	0	5,312
PUBLIC SERVICE ENTERPRISE GROUP INC	COM	744573106	604	9,055	SH		SOLE		9,055	0	0
QUALCOMM INC	COM	747525103	618	3,380	SH		SOLE		3,380	0	0
RAYTHEON COMPANY NEW	COM	755111507	1,034	12,010	SH		SOLE		4,863	0	7,147
RESMED INC	COM	761152107	2,865	11,000	SH		SOLE		0	0	11,000
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	1,040	13,524	SH		SOLE		10,674	0	2,850
ROYAL DUTCH SHELL SPON ADR	COM	780259206	266	6,130	SH		SOLE		5,980	0	150
SALESFORCE COM	COM	79466L302	8,637	33,986	SH		SOLE		26,232	0	7,754
SALTBAE CAPITAL CORP	COM	79575K104	0	15,000	SH		SOLE		15,000	0	0
SPDR HEALTH CARE SELECT SECTOR TR	COM	81369Y209	304	2,160	SH		SOLE		60	0	2,100
SHERWIN WILLIAMS CO	COM	824348106	7,815	22,193	SH		SOLE		16,255	0	5,938
SIMON PROPERTY GROUP INC	COM	828806109	1,288	8,063	SH		SOLE		8,038	0	25
SONOS INC	COM	83570H108	305	10,250	SH		SOLE		10,250	0	0
SOUTHWEST AIRLINES CO	COM	844741108	1,062	24,791	SH		SOLE		22,120	0	2,671
SPDR S&P 500 ETF TR	COM	78462F103	6,640	13,981	SH		SOLE		550	0	13,431
SPDR S&P MIDCAP 400 ETF TR	COM	78467Y107	2,213	4,274	SH		SOLE		720	0	3,554
SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	COM	78463X889	330	9,042	SH		SOLE		2,420	0	6,622
SPDR PORTFOLIO EMERGING MARKETS ETF	COM	78463X509	410	9,875	SH		SOLE		2,298	0	7,577
SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	COM	78464A375	920	25,441	SH		SOLE		5,183	0	20,258
SPDR PORTFOLIO S&P 400 MID CAP ETF	COM	78464A847	396	7,971	SH		SOLE		3,633	0	4,338
SPDR PORTFILIO S&P 500 GROWTH	COM	78464A409	501	6,910	SH		SOLE		0	0	6,910
SPDR PORTFILIO S&P 500 VALUE	COM	78464A508	367	8,748	SH		SOLE		0	0	8,748
SPDR PORTFOLIO S&P 600 SMALL CAP ETF	COM	78468R853	777	17,380	SH		SOLE		5,270	0	12,110
SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	COM	78464A474	3,880	125,287	SH		SOLE		2,661	0	122,626
STARBUCKS CORP	COM	855244109	4,492	38,404	SH		SOLE		30,396	0	8,008
STERLING BANCORP DEL COM	COM	85917A100	4,430	171,756	SH		SOLE		171,756	0	0
SUNOCO LP COM	COM	86765K109	490	12,000	SH		SOLE		12,000	0	0
SYSCO CORPORATION	COM	871829107	985	12,535	SH		SOLE		10,335	0	2,200
T. ROWE PRICE GROUP INC	COM	74144T108	595	3,025	SH		SOLE		3,025	0	0
TESLA MTRS INC	COM	88160R101	335	317	SH		SOLE		317	0	0
AES CORP	COM	00130H105	2,150	88,464	SH		SOLE		80,610	0	7,854
ESTEE LAUDER COMPANIES INC CL A	COM	518439104	6,975	18,841	SH		SOLE		13,647	0	5,194
THE HERSHEY CO	COM	427866108	225	1,164	SH		SOLE		419	0	745
THE HOME DEPOT INC	COM	437076102	21,199	51,080	SH		SOLE		41,514	0	9,566
THE KRAFT HEINZ CO	COM	500754106	324	9,016	SH		SOLE		8,141	0	875
THERMO FISHER SCIENTIFIC INC.	COM	883556102	18,577	27,842	SH		SOLE		22,344	0	5,498
TORONTO DOMINION BK	COM	891160509	303	3,956	SH		SOLE		1,756	0	2,200
TRUIST FINANCIAL CORP	COM	89832Q109	777	13,270	SH		SOLE		12,127	0	1,143
TWO HARBORS INVESTMENT CORP	COM	90187B408	89	15,350	SH		SOLE		15,350	0	0
UNTIED PARCEL SERVICE INC	COM	911312106	214	1,000	SH		SOLE		900	0	100
UNITED HEALTHCARE CORP	COM	91324P102	10,936	21,778	SH		SOLE		16,271	0	5,507
UNITIL CORP	COM	913259107	528	11,474	SH		SOLE		11,474	0	0
VALERO ENERGY CORP	COM	91913Y100	438	5,825	SH		SOLE		2,630	0	3,195
VANGUARD ADMIRAL FDS INC S&P SMALLCAP 600 INDEX FD	COM	921932828	856	4,075	SH		SOLE		4,075	0	0
VANGUARD EMERGING MARKETS ETF	COM	922042858	277	5,605	SH		SOLE		5,605	0	0
VANGUARD FTSE DEVELOPED MARKETS ETF	COM	921943858	442	8,650	SH		SOLE		8,575	0	75
VERIZON COMMUNICATIONS	COM	92343V104	6,030	116,055	SH		SOLE		94,410	0	21,645
VISA INC	COM	92826C839	5,951	27,461	SH		SOLE		18,994	0	8,467
WALGREEN BOOTS ALLIANCE INC	COM	931427108	355	6,797	SH		SOLE		6,797	0	0
WAL-MART STORES INC	COM	931142103	3,269	22,596	SH		SOLE		15,584	0	7,012
DISNEY WALT CO	COM	254687106	6,951	44,874	SH		SOLE		34,525	0	10,349
WILLIAMS COMPANIES	COM	969457100	369	14,164	SH		SOLE		13,834	0	330
XCEL ENERGY INC	COM	98389B100	532	7,865	SH		SOLE		7,865	0	0
XILINX INC	COM	983919101	6,155	29,028	SH		SOLE		21,656	0	7,372