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	88579Y101	518,054	4,320	SH		SOLE		2,583	0	1,737
A F L A C INC	COM	001055102	205,533	2,857	SH		SOLE		2,857	0	0
ABBOTT LABORATORIES	COM	002824100	1,328,679	12,102	SH		SOLE		3,008	0	9,094
ABBVIE INC COM	COM	00287Y109	6,950,200	43,006	SH		SOLE		36,512	0	6,494
ADOBE SYSTEMS INC	COM	00724F101	7,480,725	22,229	SH		SOLE		15,717	0	6,512
ADSOUTH PARTNERS INC (NV)	COM	00737M200	0	10,001	SH		SOLE		0	0	10,001
ADVANCED MICRO DIVICES INC	COM	007903107	4,600,937	71,035	SH		SOLE		57,491	0	13,544
AGNC INVESTMENT CORP	COM	00123Q104	184,748	17,850	SH		SOLE		17,850	0	0
ALBEMARLE CORP	COM	012653101	490,104	2,260	SH		SOLE		2,260	0	0
ALLIANT ENERGY CORP	COM	018802108	421,308	7,631	SH		SOLE		7,631	0	0
ALPHABET INC CLASS A	COM	02079K305	637,021	7,220	SH		SOLE		6,440	0	780
ALPHABET INC CLASS C	COM	02079K107	10,843,161	122,204	SH		SOLE		95,210	0	26,994
ALTRIA GROUP INC	COM	02209S103	212,232	4,643	SH		SOLE		4,143	0	500
AMAZON COM INC	COM	023135106	6,043,632	71,948	SH		SOLE		54,663	0	17,285
AMERICAN ELECTICAL POWER COMPANY INC	COM	025537101	479,498	5,050	SH		SOLE		5,050	0	0
AMERICAN EXPRESS CORP	COM	025816109	3,040,547	20,579	SH		SOLE		17,437	0	3,142
AMERN TOWER CORP CLASS A	COM	03027X100	4,271,945	20,164	SH		SOLE		14,675	0	5,489
AMGEN INC COM	COM	031162100	581,485	2,214	SH		SOLE		1,514	0	700
APPLE, INC.	COM	037833100	18,537,243	142,671	SH		SOLE		105,536	0	37,135
Arbor Realty Trust Inc	COM	038923108	263,800	20,000	SH		SOLE		20,000	0	0
AT & T INC	COM	00206R102	1,084,736	58,921	SH		SOLE		46,962	0	11,959
ATRION CORP	COM	049904105	279,725	500	SH		SOLE		0	0	500
AUTO DATA PROCESSING	COM	053015103	3,196,663	13,383	SH		SOLE		7,468	0	5,915
AUTOZONE INC	COM	053332102	3,558,698	1,443	SH		SOLE		1,245	0	198
BALCHEM CORP	COM	057665200	425,309	3,483	SH		SOLE		2,840	0	643
BANKAMERICA CORP	COM	060505104	7,235,296	218,457	SH		SOLE		181,736	0	36,721
THE BANK OF NY MELLON CORP	COM	064058100	844,123	18,544	SH		SOLE		17,409	0	1,135
BLACKSTONE GROUP LP	COM	09260D107	953,712	12,855	SH		SOLE		11,641	0	1,214
BOEING CO	COM	097023105	1,400,482	7,352	SH		SOLE		5,484	0	1,868
BP PLC ADR	COM	055622104	351,291	10,057	SH		SOLE		9,807	0	250
BRIGHTSPIRE CAPITAL INC	COM	10949T109	74,760	12,000	SH		SOLE		12,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	1,439,432	20,006	SH		SOLE		17,809	0	2,197
BROADCOM LTD	COM	11135F101	4,810,755	8,604	SH		SOLE		4,782	0	3,822
CARDINAL HEALTH INC	COM	14149Y108	453,610	5,901	SH		SOLE		5,901	0	0
CARMAX INC	COM	143130102	295,621	4,855	SH		SOLE		3,126	0	1,729
CATERPILLAR INC	COM	149123101	856,667	3,576	SH		SOLE		2,351	0	1,225
CHARLES SCHWAB CORP	COM	808513105	280,753	3,372	SH		SOLE		3,372	0	0
CHART INDUSTRIES INC	COM	16115Q308	1,076,940	9,346	SH		SOLE		8,452	0	894
CHARTER COMMUNICATIONS INC	COM	16119P108	1,984,413	5,852	SH		SOLE		16	0	5,836
CHERRY HILL MTG INVT CORP	COM	164651101	58,000	10,000	SH		SOLE		10,000	0	0
CHEVRON CORP	COM	166764100	4,209,758	23,454	SH		SOLE		23,454	0	0
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	2,307,396	1,663	SH		SOLE		1,421	0	242
CHUBB LIMITED	COM	H1467J104	804,308	3,646	SH		SOLE		3,397	0	249
CIENA CORP	COM	171779309	3,636,403	71,330	SH		SOLE		63,220	0	8,110
CIGNA CORP	COM	125523100	578,520	1,746	SH		SOLE		1,376	0	370
CISCO SYSTEMS INC	COM	17275R102	5,340,444	112,100	SH		SOLE		99,916	0	12,184
CMS ENERGY CORP	COM	125896100	454,963	7,184	SH		SOLE		6,929	0	255
COCA COLA COMPANY	COM	191216100	456,593	7,178	SH		SOLE		3,378	0	3,800
COLGATE-PALMOVLIVE CO	COM	194162103	205,878	2,613	SH		SOLE		450	0	2,163
COMCAST CORP NEW CL A	COM	20030N101	1,289,729	36,881	SH		SOLE		25,315	0	11,566
COMMERCIAL METALS CO	COM	201723103	729,813	15,110	SH		SOLE		15,110	0	0
SPDR SECTOR COMMUNICATION SERVICES ETF	COM	81369Y852	3,589,076	74,788	SH		SOLE		646	0	74,142
CONOCOPHILLIPS	COM	20825C104	3,057,380	25,910	SH		SOLE		16,660	0	9,250
CONSOLIDATED EDISON INC	COM	209115104	392,582	4,119	SH		SOLE		4,119	0	0
SPDR SECTOR CONSUMER DISCRETIONARY ETF	COM	81369Y407	4,088,818	31,657	SH		SOLE		251	0	31,406
SPDR SECTOR CONSUMER STAPLES ETF	COM	81369Y308	3,226,151	43,275	SH		SOLE		195	0	43,080
CORNING INC	COM	219350105	663,042	20,759	SH		SOLE		16,384	0	4,375
COSTCO WHSL CORP NEW	COM	22160K105	1,597,750	3,500	SH		SOLE		2,583	0	917
COTERRA ENERGY INC	COM	127097103	1,918,401	78,079	SH		SOLE		63,837	0	14,242
CSW INDUSTRIALS INC	COM	126402106	372,367	3,212	SH		SOLE		3,212	0	0
C S X CORP	COM	126408103	6,787,718	219,100	SH		SOLE		184,889	0	34,211
CVS HEALTH CORP	COM	126650100	1,804,624	19,365	SH		SOLE		17,299	0	2,066
D T E ENERGY COMPANY	COM	233331107	431,688	3,673	SH		SOLE		3,673	0	0
DANAHER CORP	COM	235851102	8,454,423	31,853	SH		SOLE		25,811	0	6,042
DEVON ENERGY CORP	COM	25179M103	2,448,098	39,800	SH		SOLE		35,804	0	3,996
DIGITAL REALTY TRUST, INC.	COM	253868103	234,030	2,334	SH		SOLE		2,334	0	0
DOLLAR GENERAL CORPORATION	COM	256677105	6,186,046	25,121	SH		SOLE		19,144	0	5,977
DOW INC	COM	260557103	281,982	5,596	SH		SOLE		5,555	0	41
DUKE ENERGY CORPORATION	COM	26441C204	5,789,892	56,218	SH		SOLE		42,036	0	14,182
DUPONT DE NEMOURS INC	COM	26614N102	595,365	8,675	SH		SOLE		8,634	0	41
EAGLE POINT CREDIT CO LLC	COM	269808101	106,260	10,500	SH		SOLE		10,500	0	0
ELI LILLY & COMPANY	COM	532457108	19,613,780	53,613	SH		SOLE		16,057	0	37,556
EMERSON ELECTRIC CO	COM	291011104	1,619,668	16,861	SH		SOLE		15,493	0	1,368
ENBRIDGE INC	COM	29250N105	2,428,165	62,165	SH		SOLE		53,721	0	8,444
SPDR SECTOR ENERGY ETF	COM	81369Y506	3,322,460	37,984	SH		SOLE		257	0	37,727
EXXON MOBIL CORPORATION	COM	30231G102	9,417,193	85,378	SH		SOLE		64,445	0	20,933
SPDR SECTOR FINANCIAL ETF	COM	81369Y605	5,853,569	171,157	SH		SOLE		0	0	171,157
FLOWERS FOODS INC	COM	343498101	999,117	34,764	SH		SOLE		34,764	0	0
FLUOR CORPORATION	COM	343412102	2,729,475	78,750	SH		SOLE		72,437	0	6,313
G6 MATERIALS CORPORATION	COM	361333107	507	16,900	SH		SOLE		16,900	0	0
GENERAL ELECTRIC COMPANY	COM	369604301	362,476	4,326	SH		SOLE		1,086	0	3,240
GENUINE PARTS CO	COM	372460105	283,689	1,635	SH		SOLE		1,635	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	978,976	2,851	SH		SOLE		2,801	0	50
HALLIBURTON CO	COM	406216101	322,867	8,205	SH		SOLE		6,205	0	2,000
SPDR SECTOR HEALTH CARE ETF	COM	81369Y209	7,825,096	57,601	SH		SOLE		674	0	56,927
HONEYWELL INTERNATIONAL	COM	438516106	3,802,754	17,745	SH		SOLE		12,454	0	5,291
HORIZON THEAPEUTICS PLC	COM	G46188101	455,200	4,000	SH		SOLE		4,000	0	0
HUBBELL INC	COM	443510607	211,212	900	SH		SOLE		900	0	0
ILLINOIS TOOL WORKS INC	COM	452308109	562,206	2,552	SH		SOLE		1,117	0	1,435
ILLUMINA INC	COM	452327109	2,634,262	13,028	SH		SOLE		9,978	0	3,050
SPDR SECTOR INDUSTRIAL ETF	COM	81369Y704	4,544,078	46,269	SH		SOLE		0	0	46,269
INTEL CORP	COM	458140100	1,208,697	45,732	SH		SOLE		38,841	0	6,891
INTL BUSINESS MACHINES	COM	459200101	2,276,501	16,158	SH		SOLE		12,497	0	3,661
INTL FLAVOR & FRAGRANCES	COM	459506101	426,489	4,068	SH		SOLE		4,068	0	0
INTUITIVE SURGICAL INC NEW	COM	46120E602	19,610,161	73,903	SH		SOLE		333	0	73,570
INVESCO EX TR FD TR II CEF INCOME COM	COM	46138E404	284,556	15,704	SH		SOLE		15,704	0	0
INVESCO QQQ TR UNIT SER 1	COM	46090E103	1,103,198	4,143	SH		SOLE		322	0	3,821
IRON MOUNTAIN INC	COM	46284V101	356,178	7,145	SH		SOLE		7,145	0	0
ISHARES 1-3 YEAR TREASURY BOND	COM	464287457	22,410,875	276,098	SH		SOLE		338	0	275,760
ISHARES 1-5 YEAR INVESTMENT GRAND CORP BOND	COM	464288646	20,108,099	403,615	SH		SOLE		1,440	0	402,175
ISHARES 3-7 YEAR TREASURY BOND	COM	464288661	15,981,084	139,099	SH		SOLE		0	0	139,099
ISHARES TR CORE S&P SMALL-CAP ETF	COM	464287804	672,417	7,105	SH		SOLE		424	0	6,681
ISHARES FLOATING RATE BOND	COM	46429B655	7,045,797	139,992	SH		SOLE		289	0	139,703
ISHARES TR MSCI EAFE ETF	COM	464287465	414,517	6,315	SH		SOLE		2,335	0	3,980
ISHARES NEW YORK MUNI BOND	COM	464288323	888,180	16,950	SH		SOLE		16,950	0	0
ISHARES NORTH AMERICAN TECH	COM	464287549	253,400	905	SH		SOLE		95	0	810
ISHARES TR S&P US PFD STK INDE	COM	464288687	14,048,257	460,146	SH		SOLE		368,841	0	91,305
ISHARES TR BARCLAYS SHORT TREAS BD FD	COM	464288679	415,827	3,783	SH		SOLE		47	0	3,736
ISHARES TRUST S&P	COM	464287200	371,531	967	SH		SOLE		192	0	775
ISHARES US TECHNOLOGY ETF	COM	464287721	351,220	4,715	SH		SOLE		0	0	4,715
JEFFERSONVILLE BANCORP	COM	47559A103	615,661	31,094	SH		SOLE		31,094	0	0
JM SMUCKER CO	COM	832696405	1,266,412	7,992	SH		SOLE		7,992	0	0
JOHNSON & JOHNSON	COM	478160104	4,735,986	26,810	SH		SOLE		22,888	0	3,922
JP MORGAN CHASE & CO	COM	46625H100	11,047,560	82,383	SH		SOLE		62,909	0	19,474
K L A TENCOR CORP	COM	482480100	3,617,980	9,596	SH		SOLE		8,721	0	875
KIMBERLY-CLARK CORP	COM	494368103	213,806	1,575	SH		SOLE		450	0	1,125
L3HARRIS TECHNOLOGIES INC	COM	502431109	445,569	2,140	SH		SOLE		1,885	0	255
LENNAR CORP	COM	526057104	1,356,052	14,984	SH		SOLE		13,208	0	1,776
LIFE STORAGE INC	COM	53223X107	315,397	3,202	SH		SOLE		600	0	2,602
LINCOLN ELEC HLDGS INC	COM	533900106	2,731,150	18,902	SH		SOLE		16,119	0	2,783
LOCKHEED MARTIN CORP	COM	539830109	1,162,225	2,389	SH		SOLE		1,062	0	1,327
LOWES COMPANIES INC	COM	548661107	386,127	1,938	SH		SOLE		1,578	0	360
M & T BANK CORP	COM	55261F104	515,688	3,555	SH		SOLE		3,255	0	300
MAGNA INTERNATIONAL INC	COM	559222401	443,878	7,901	SH		SOLE		7,411	0	490
MARSH & MCLENNAN CO INC	COM	571748102	6,990,041	42,241	SH		SOLE		33,270	0	8,971
MASTERCARD INC	COM	57636Q104	362,335	1,042	SH		SOLE		1,042	0	0
MATERIALS SELECT SECTOR SPDR ETF	COM	81369Y100	372,010	4,789	SH		SOLE		25	0	4,764
MCDONALDS CORP	COM	580135101	2,630,293	9,981	SH		SOLE		7,323	0	2,658
MEDTRONIC PLC	COM	G5960L103	8,991,738	115,694	SH		SOLE		7,394	0	108,300
MERCK & CO INC	COM	58933Y105	2,860,735	25,784	SH		SOLE		19,213	0	6,571
META PLATFORMS INC	COM	30303M102	2,537,610	21,087	SH		SOLE		15,993	0	5,094
METLIFE INC	COM	59156R108	372,850	5,152	SH		SOLE		5,002	0	150
MICROSOFT CORP	COM	594918104	26,770,627	111,628	SH		SOLE		91,171	0	20,457
MODELEZ INTERANTIONAL INC	COM	609207105	2,567,691	38,525	SH		SOLE		32,088	0	6,437
MORGAN STANLEY	COM	617446448	4,463,040	52,494	SH		SOLE		40,269	0	12,225
NEW YORK COMMUNITY BANCORP INC	COM	649445103	96,320	11,200	SH		SOLE		11,200	0	0
NEXTERA ENERGY INC.	COM	65339F101	1,103,687	13,202	SH		SOLE		7,493	0	5,709
NIKE INC CLASS B	COM	654106103	1,470,699	12,569	SH		SOLE		6,124	0	6,445
NORFOLK SOUTHERN CORP	COM	655844108	560,113	2,273	SH		SOLE		2,228	0	45
NORTHROP GRUMMAN CORP	COM	666807102	1,429,498	2,620	SH		SOLE		2,295	0	325
NUCOR CORP	COM	670346105	2,251,710	17,083	SH		SOLE		15,578	0	1,505
NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	COM	67071L106	127,470	10,500	SH		SOLE		10,500	0	0
NUVEEN AMT FREE MUN INCOME FD	COM	670657105	250,140	22,000	SH		SOLE		22,000	0	0
NUVEEN MUN HIGH INCOME OPP FD	COM	670682103	124,080	12,000	SH		SOLE		12,000	0	0
NUVEEN MUNICIPAL CR INCOME FD	COM	67070X101	126,840	10,500	SH		SOLE		10,500	0	0
NUVEEN MUNICIPAL VALUE FUND INC	COM	670928100	1,336,965	155,461	SH		SOLE		151,761	0	3,700
NVIDIA CORP	COM	67066G104	8,763,577	59,967	SH		SOLE		48,887	0	11,080
OCCIDENTAL PETROLEIM CORP	COM	674599105	291,581	4,629	SH		SOLE		4,529	0	100
OGE ENERGY CORP	COM	670837103	469,894	11,881	SH		SOLE		11,881	0	0
ORACLE CORPORATION	COM	68389X105	2,529,935	30,950	SH		SOLE		30,300	0	650
ORANGE CNTY BANCORP INC	COM	68417L107	28,459,588	610,983	SH		SOLE		0	0	610,983
OSHKOSH CORP	COM	688239201	731,889	8,299	SH		SOLE		5,610	0	2,689
PEPSICO INCORPORATED	COM	713448108	8,974,466	49,676	SH		SOLE		37,343	0	12,333
PERKINELMER INC	COM	714046109	2,960,605	21,114	SH		SOLE		16,201	0	4,913
PFIZER INCORPORATED	COM	717081103	7,474,328	145,869	SH		SOLE		125,717	0	20,152
PHILLIPS 66	COM	718546104	729,601	7,010	SH		SOLE		4,668	0	2,342
PIERIS PHARMACEUTICALS INC	COM	720795103	14,560	14,000	SH		SOLE		14,000	0	0
PIMCO ETF ENHANCED SHORT FD	COM	72201R833	2,951,608	29,920	SH		SOLE		0	0	29,920
PINNACLE WEST CAPITAL	COM	723484101	463,312	6,093	SH		SOLE		6,093	0	0
PLATINUM GROUP METALS LTD	COM	72765Q882	22,881	13,150	SH		SOLE		0	0	13,150
PNC FINANCIAL SERVICES	COM	693475105	681,037	4,312	SH		SOLE		1,457	0	2,855
PPL CORPORATION	COM	69351T106	477,952	16,357	SH		SOLE		15,457	0	900
PROCTER & GAMBLE CO	COM	742718109	3,597,883	23,739	SH		SOLE		19,111	0	4,628
PROLOGICS INC.	COM	74340W103	3,800,466	33,713	SH		SOLE		28,115	0	5,598
PUBLIC SERVICE ENTERPRISE GROUP INC	COM	744573106	431,647	7,045	SH		SOLE		7,045	0	0
QUALCOMM INC	COM	747525103	429,206	3,904	SH		SOLE		2,560	0	1,344
RAYTHEON COMPANY NEW	COM	75513E101	1,314,988	13,030	SH		SOLE		4,617	0	8,413
READY CAPITAL CORPORATION	COM	75574U101	163,758	14,700	SH		SOLE		14,700	0	0
REAL ESTATE SELECT SECTOR SPDR	COM	81369Y860	329,231	8,915	SH		SOLE		0	0	8,915
REALTY INCOME CORP	COM	756109104	468,113	7,380	SH		SOLE		7,380	0	0
RESMED INC	COM	761152107	2,293,176	11,018	SH		SOLE		18	0	11,000
RITHM CAPITAL	COM	64828T201	143,792	17,600	SH		SOLE		17,600	0	0
SALESFORCE COM	COM	79466L302	2,977,043	22,453	SH		SOLE		22,453	0	0
SALTBAE CAPITAL CORP	COM	79575K104	0	15,000	SH		SOLE		15,000	0	0
SCHLUMBERGER LTD	COM	806857108	2,101,940	39,318	SH		SOLE		39,318	0	0
SHELL PLC ADR	COM	780259305	332,303	5,835	SH		SOLE		5,835	0	0
SHERWIN WILLIAMS CO	COM	824348106	3,503,940	14,764	SH		SOLE		14,764	0	0
SIMON PROPERTY GROUP INC	COM	828806109	1,658,935	14,121	SH		SOLE		14,121	0	0
SOUTHERN COMPANY	COM	842587107	1,266,099	17,730	SH		SOLE		17,730	0	0
SOUTHWEST AIRLINES CO	COM	844741108	734,275	21,808	SH		SOLE		21,808	0	0
SPDR S&P 500 ETF TR	COM	78462F103	234,812	614	SH		SOLE		258	0	356
SPDR S&P MIDCAP 400 ETF TR	COM	78467Y107	4,384,949	9,903	SH		SOLE		380	0	9,523
SPDR PORTFOLIO EMERGING MARKETS ETF	COM	78463X509	230,127	6,982	SH		SOLE		1,932	0	5,050
SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	COM	78464A375	14,570,119	457,748	SH		SOLE		4,745	0	453,003
SPDR PORTFOLIO S&P 400 MID CAP ETF	COM	78464A847	434,350	10,220	SH		SOLE		1,948	0	8,272
SPDR PORTFILIO S&P 500 GROWTH	COM	78464A409	464,289	9,163	SH		SOLE		0	0	9,163
SPDR PORTFILIO S&P 500 VALUE	COM	78464A508	431,990	11,108	SH		SOLE		0	0	11,108
SPDR PORTFOLIO S&P 600 SMALL CAP ETF	COM	78468R853	768,089	20,776	SH		SOLE		3,309	0	17,467
SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	COM	78464A474	8,488,528	288,922	SH		SOLE		1,005	0	287,917
SPDR S&P 600 SMALL CAP ETF	COM	78464A813	2,696,324	32,798	SH		SOLE		0	0	32,798
STARBUCKS CORP	COM	855244109	3,445,514	34,733	SH		SOLE		26,627	0	8,106
STORE CAPITAL CORP	COM	862121100	325,313	10,147	SH		SOLE		10,147	0	0
SUNOCO LP COM	COM	86765K109	517,200	12,000	SH		SOLE		12,000	0	0
SYSCO CORPORATION	COM	871829107	2,164,452	28,312	SH		SOLE		24,917	0	3,395
T. ROWE PRICE GROUP INC	COM	74144T108	324,454	2,975	SH		SOLE		2,975	0	0
SPDR SECTOR TECHNOLOGY ETF	COM	81369Y803	10,872,696	87,373	SH		SOLE		577	0	86,796
TESLA MOTORS INC	COM	88160R101	430,145	3,492	SH		SOLE		3,492	0	0
AES CORP	COM	00130H105	3,058,885	106,359	SH		SOLE		95,337	0	11,022
ESTEE LAUDER COMPANIES INC CL A	COM	518439104	3,447,737	13,896	SH		SOLE		8,902	0	4,994
THE HERSHEY CO	COM	427866108	270,937	1,170	SH		SOLE		425	0	745
THE HOME DEPOT INC	COM	437076102	14,561,146	46,100	SH		SOLE		37,036	0	9,064
THE KRAFT HEINZ CO	COM	500754106	335,898	8,251	SH		SOLE		7,376	0	875
THERMO FISHER SCIENTIFIC INC.	COM	883556102	12,536,458	22,765	SH		SOLE		17,995	0	4,770
TRUIST FINANCIAL CORP	COM	89832Q109	454,612	10,565	SH		SOLE		9,940	0	625
UNITED RENTALS INC	COM	911363109	2,957,805	8,322	SH		SOLE		7,490	0	832
UNITED HEALTHCARE CORP	COM	91324P102	12,248,218	23,102	SH		SOLE		17,692	0	5,410
UNITIL CORP	COM	913259107	486,071	9,464	SH		SOLE		9,464	0	0
SPDR SELECT SECTOR UTILITIES	COM	81369Y886	1,657,666	23,513	SH		SOLE		1,425	0	22,088
VALERO ENERGY CORP	COM	91913Y100	445,913	3,515	SH		SOLE		455	0	3,060
VANGUARD SCOTTSDALE FUNDS SHORT TERM CORP	COM	92206C409	503,773	6,700	SH		SOLE		0	0	6,700
VERIZON COMMUNICATIONS	COM	92343V104	4,609,839	117,001	SH		SOLE		97,352	0	19,649
VISA INC	COM	92826C839	5,753,913	27,695	SH		SOLE		19,367	0	8,328
WALGREEN BOOTS ALLIANCE INC	COM	931427108	241,682	6,469	SH		SOLE		6,469	0	0
WAL-MART STORES INC	COM	931142103	2,808,293	19,806	SH		SOLE		12,612	0	7,194
DISNEY WALT CO	COM	254687106	4,017,418	46,241	SH		SOLE		35,389	0	10,852
WEBSTER FINL CORP	COM	947890109	3,052,152	64,473	SH		SOLE		64,473	0	0
WEYERHAEUSER CO	COM	962166104	2,160,700	69,700	SH		SOLE		62,784	0	6,916
WILLIAMS COMPANIES	COM	969457100	430,990	13,100	SH		SOLE		12,850	0	250
XCEL ENERGY INC	COM	98389B100	442,254	6,308	SH		SOLE		6,308	0	0