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	309,937	2,922	SH		SOLE		1,497	0	1,425
A F L A C INC	COM	001055102	334,596	3,897	SH		SOLE		3,897	0	0
Abbott Laboratories	COM	002824100	1,229,688	10,819	SH		SOLE		2,045	0	8,774
AbbVie Inc	COM	00287Y109	9,868,363	54,192	SH		SOLE		47,265	0	6,927
Adobe Systems Inc	COM	00724F101	10,211,086	20,235	SH		SOLE		15,006	0	5,229
Advanced Micro Devices Inc	COM	007903107	13,806,763	76,495	SH		SOLE		63,117	0	13,378
AGNC Investment Corp	COM	00123Q104	158,400	16,000	SH		SOLE		16,000	0	0
Albemarle Corp	COM	012653101	296,415	2,250	SH		SOLE		2,250	0	0
Alphabet Inc A	COM	02079K305	1,081,413	7,165	SH		SOLE		6,485	0	680
Alphabet Inc C	COM	02079K107	16,851,071	110,673	SH		SOLE		88,331	0	22,342
ALPS ETF TR BARRONS 400 ETF	COM	00162Q726	203,717	3,000	SH		SOLE		0	0	3,000
Amazon.com Inc	COM	023135106	15,706,769	87,076	SH		SOLE		71,086	0	15,990
American Express Co	COM	025816109	11,659,094	51,206	SH		SOLE		45,022	0	6,184
American Tower Corp	COM	03027X100	1,617,669	8,187	SH		SOLE		4,934	0	3,253
Amgen Inc	COM	031162100	355,400	1,250	SH		SOLE		650	0	600
Apple Inc	COM	037833100	23,175,376	135,149	SH		SOLE		104,944	0	30,205
Arbor Realty Trust Inc	COM	038923108	265,000	20,000	SH		SOLE		20,000	0	0
AT&T Inc	COM	00206R102	775,830	44,081	SH		SOLE		33,597	0	10,484
Atrion Corp	COM	049904105	231,775	500	SH		SOLE		0	0	500
Automatic Data Processing Inc	COM	053015103	2,561,084	10,255	SH		SOLE		4,610	0	5,645
AutoZone Inc	COM	053332102	7,286,615	2,311	SH		SOLE		1,958	0	353
BAKER HUGHES CO	COM	05722G100	7,153,958	213,551	SH		SOLE		199,070	0	14,481
Balchem Corp	COM	057665200	462,216	2,983	SH		SOLE		2,540	0	443
Ball Corp	COM	058498106	235,760	3,500	SH		SOLE		0	0	3,500
Bank of America Corporation	COM	060505104	4,105,923	108,278	SH		SOLE		82,974	0	25,304
Bank of New York Mellon Corp	COM	064058100	270,641	4,697	SH		SOLE		4,597	0	100
Blackstone Group LP	COM	09260D107	1,687,973	12,849	SH		SOLE		12,849	0	0
Boeing Co	COM	097023105	1,241,934	6,435	SH		SOLE		4,463	0	1,972
BP PLC ADR	COM	055622104	324,387	8,609	SH		SOLE		8,609	0	0
BrightSpire Capital Inc	COM	10949T109	82,680	12,000	SH		SOLE		12,000	0	0
Bristol-Myers Squibb Company	COM	110122108	761,154	14,035	SH		SOLE		12,363	0	1,672
Broadcom Inc Com	COM	11135F101	9,252,646	6,980	SH		SOLE		4,227	0	2,753
Caterpillar Inc	COM	149123101	956,016	2,609	SH		SOLE		1,709	0	900
CHART INDUSTRIES INC	COM	16115Q308	9,071,295	55,071	SH		SOLE		49,776	0	5,295
Cherry Hill Mtg Invt Corp Com	COM	164651101	42,480	12,000	SH		SOLE		12,000	0	0
Chevron Corp	COM	166764100	4,037,195	25,593	SH		SOLE		20,747	0	4,846
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	10,528,321	3,622	SH		SOLE		3,194	0	428
Chubb Ltd	COM	H1467J104	526,271	2,030	SH		SOLE		2,030	0	0
CIENA CORP	COM	171779309	3,802,359	76,893	SH		SOLE		68,077	0	8,816
Cigna Corp	COM	125523100	306,896	845	SH		SOLE		475	0	370
Cisco Systems Inc	COM	17275R102	7,488,382	150,037	SH		SOLE		135,604	0	14,433
Coca-Cola Co	COM	191216100	294,459	4,813	SH		SOLE		2,213	0	2,600
Comcast Corp Class A	COM	20030N101	762,080	17,579	SH		SOLE		13,427	0	4,152
Commercial Metals Co	COM	201723103	870,384	14,810	SH		SOLE		14,810	0	0
SPDR SECTOR COMMUNICATION SERVICES ETF	COM	81369Y852	6,166,310	75,512	SH		SOLE		0	0	75,512
ConocoPhillips	COM	20825C104	2,538,090	19,941	SH		SOLE		12,126	0	7,815
Consolidated Edison Inc	COM	209115104	259,353	2,856	SH		SOLE		2,856	0	0
SPDR SECTOR CONSUMER DISCRETIONARY ETF	COM	81369Y407	6,538,209	35,555	SH		SOLE		0	0	35,555
SPDR SECTOR CONSUMER STAPLES ETF	COM	81369Y308	3,838,464	50,268	SH		SOLE		0	0	50,268
Corning Inc	COM	219350105	353,166	10,715	SH		SOLE		6,740	0	3,975
Costco Wholesale Corp	COM	22160K105	1,550,245	2,116	SH		SOLE		1,621	0	495
Coterra Energy Inc	COM	127097103	449,983	16,140	SH		SOLE		8,386	0	7,754
CSW Industrials Inc	COM	126402106	753,535	3,212	SH		SOLE		3,212	0	0
CSX Corp	COM	126408103	9,383,466	253,127	SH		SOLE		217,886	0	35,241
CVS Health Corp	COM	126650100	1,037,770	13,011	SH		SOLE		12,286	0	725
Danaher Corp	COM	235851102	9,808,003	39,276	SH		SOLE		34,180	0	5,096
Devon Energy Corp	COM	25179M103	360,443	7,183	SH		SOLE		6,843	0	340
DIGITAL RLTY TR INC	COM	253868103	357,795	2,484	SH		SOLE		2,484	0	0
Dollar General Corp	COM	256677105	2,872,440	18,406	SH		SOLE		15,707	0	2,699
Duke Energy Corp	COM	26441C204	1,731,203	17,900	SH		SOLE		11,689	0	6,211
DuPont de Nemours Inc	COM	26614N102	635,518	8,289	SH		SOLE		8,256	0	33
Eagle Point Credit Co LLC	COM	269808101	106,155	10,500	SH		SOLE		10,500	0	0
Eli Lilly and Co	COM	532457108	39,980,142	51,391	SH		SOLE		16,843	0	34,548
Emerson Electric Co	COM	291011104	1,239,968	10,932	SH		SOLE		9,582	0	1,350
Enbridge Inc Com	COM	29250N105	227,475	6,288	SH		SOLE		4,756	0	1,532
Energy Select Sector SPDR ETF	COM	81369Y506	3,572,758	37,843	SH		SOLE		100	0	37,743
Etfis Ser Tr I VirtUS Infracap Us Pfd Stk Etf	COM	26923G822	251,400	12,000	SH		SOLE		12,000	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	421,008	2,864	SH		SOLE		537	0	2,327
Exxon Mobil Corp	COM	30231G102	13,499,746	116,136	SH		SOLE		93,670	0	22,466
SPDR SECTOR FINANCIAL ETF	COM	81369Y605	8,263,649	196,193	SH		SOLE		0	0	196,193
FLOWERS FOODS INC	COM	343498101	825,645	34,764	SH		SOLE		34,764	0	0
FLUOR CORPORATION	COM	343412102	7,246,961	171,404	SH		SOLE		154,691	0	16,713
General Electric Co	COM	369604301	674,035	3,840	SH		SOLE		1,037	0	2,803
Goldman Sachs Group Inc	COM	38141G104	219,287	525	SH		SOLE		525	0	0
SPDR SECTOR HEALTH CARE ETF	COM	81369Y209	9,546,608	64,622	SH		SOLE		0	0	64,622
Honeywell International Inc	COM	438516106	448,471	2,185	SH		SOLE		1,113	0	1,072
Hubbell Inc Com	COM	443510607	373,545	900	SH		SOLE		900	0	0
Illinois Tool Works Inc	COM	452308109	515,194	1,920	SH		SOLE		850	0	1,070
Illumina Inc	COM	452327109	2,116,101	15,410	SH		SOLE		13,978	0	1,432
SPDR SECTOR INDUSTRIAL ETF	COM	81369Y704	6,304,424	50,051	SH		SOLE		0	0	50,051
Intel Corp	COM	458140100	1,390,359	31,477	SH		SOLE		26,127	0	5,350
International Business Machines Corp	COM	459200101	2,812,650	14,729	SH		SOLE		11,507	0	3,222
Intuitive Surgical Inc	COM	46120E602	28,595,198	71,651	SH		SOLE		331	0	71,320
Invesco Exchange-Traded Fd Tr II Cef Income Compos	COM	46138E404	296,020	15,704	SH		SOLE		15,704	0	0
Invesco QQQ Trust	COM	46090E103	1,742,739	3,925	SH		SOLE		185	0	3,740
iShares 1-3 Year Treasury Bond	COM	464287457	3,313,235	40,514	SH		SOLE		0	0	40,514
ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND E	COM	464288646	9,686,125	188,887	SH		SOLE		0	0	188,887
iShares Core S&P Small-Cap	COM	464287804	549,063	4,968	SH		SOLE		0	0	4,968
ISHARES FLOATING RATE BOND ETF	COM	46429B655	6,928,434	135,692	SH		SOLE		0	0	135,692
iShares New York Muni Bond ETF	COM	464288323	602,672	11,200	SH		SOLE		11,200	0	0
iShares North American Tech	COM	464287549	413,664	4,800	SH		SOLE		0	0	4,800
iShares Preferred&Income Securities ETF	COM	464288687	323,589	10,040	SH		SOLE		1,140	0	8,900
ISHARES SHORT-TERM NATIONAL	COM	464288158	1,006,246	9,608	SH		SOLE		0	0	9,608
ISHARES TR S&P 500 GROWTH ETF	COM	464287309	287,096	3,400	SH		SOLE		0	0	3,400
ISHARES TRUST S&P	COM	464287200	451,076	858	SH		SOLE		83	0	775
Ishares U S Technology Etf	COM	464287721	646,937	4,790	SH		SOLE		0	0	4,790
JM Smucker Co	COM	832696405	952,207	7,565	SH		SOLE		7,565	0	0
Johnson & Johnson	COM	478160104	2,338,523	14,783	SH		SOLE		11,223	0	3,560
JPMorgan Chase & Co	COM	46625H100	17,696,094	88,347	SH		SOLE		70,369	0	17,978
K L A TENCOR CORP	COM	482480100	12,266,889	17,560	SH		SOLE		16,136	0	1,424
Lennar Corp	COM	526057104	6,641,524	38,618	SH		SOLE		34,732	0	3,886
Lincoln Electric Holdings Inc	COM	533900106	7,826,682	30,640	SH		SOLE		27,069	0	3,571
Lockheed Martin Corp	COM	539830109	851,972	1,873	SH		SOLE		928	0	945
Marsh & Mclennan Companies Inc	COM	571748102	11,135,897	54,062	SH		SOLE		45,196	0	8,866
MASTERCARD INC CL A	COM	57636Q104	522,022	1,084	SH		SOLE		1,084	0	0
Materials Select Sector SPDR ETF	COM	81369Y100	832,016	8,957	SH		SOLE		0	0	8,957
McDonald's Corp	COM	580135101	4,444,623	15,762	SH		SOLE		13,513	0	2,249
Medtronic PLC	COM	G5960L103	9,167,570	105,193	SH		SOLE		3,071	0	102,122
Merck & Co Inc	COM	58933Y105	2,229,772	16,898	SH		SOLE		13,828	0	3,070
META PLATFORMS INC	COM	30303M102	5,572,516	11,476	SH		SOLE		9,551	0	1,925
Microsoft Corp	COM	594918104	39,547,251	93,998	SH		SOLE		76,794	0	17,204
Mondelez International Inc Class A	COM	609207105	4,739,490	67,707	SH		SOLE		58,997	0	8,710
Morgan Stanley	COM	617446448	8,049,699	85,489	SH		SOLE		70,829	0	14,660
NextEra Energy Inc	COM	65339F101	630,728	9,869	SH		SOLE		5,064	0	4,805
Nike Inc B	COM	654106103	652,503	6,943	SH		SOLE		3,375	0	3,568
Norfolk Southern Corp	COM	655844108	382,305	1,500	SH		SOLE		1,500	0	0
Northrop Grumman Corp	COM	666807102	1,082,729	2,262	SH		SOLE		2,137	0	125
NUCOR CORP	COM	670346105	7,367,421	37,227	SH		SOLE		34,314	0	2,913
Nuveen AMT-Free Muni Credit Inc	COM	67071L106	127,575	10,500	SH		SOLE		10,500	0	0
Nuveen AMT-Free Quality Muni Inc	COM	670657105	264,241	23,870	SH		SOLE		23,870	0	0
Nuveen Muni High Inc Opp	COM	670682103	121,440	11,500	SH		SOLE		11,500	0	0
Nuveen Municipal Credit Income	COM	67070X101	128,520	10,500	SH		SOLE		10,500	0	0
Nuveen Municipal Value	COM	670928100	1,039,853	119,384	SH		SOLE		115,684	0	3,700
NVIDIA CORP	COM	67066G104	34,327,148	37,990	SH		SOLE		31,055	0	6,935
Oracle Corp	COM	68389X105	2,630,336	20,940	SH		SOLE		20,290	0	650
ORANGE COUNTY BANCORP INC.	COM	68417L107	27,704,834	602,279	SH		SOLE		0	0	602,279
Oshkosh Corp	COM	688239201	591,500	4,743	SH		SOLE		2,758	0	1,985
PepsiCo Inc	COM	713448108	8,091,558	46,234	SH		SOLE		35,624	0	10,610
Pfizer Inc	COM	717081103	3,635,951	131,025	SH		SOLE		118,475	0	12,550
Phillips 66	COM	718546104	458,985	2,810	SH		SOLE		1,900	0	910
Pieris Pharmaceuticals Inc	COM	720795103	2,565	14,000	SH		SOLE		14,000	0	0
PIMCO ETF ENHANCED SHORT FD	COM	72201R833	900,537	8,957	SH		SOLE		0	0	8,957
Platinum Group Metals Ltd Registered Shs Isin#ca72	COM	72765Q882	15,386	13,150	SH		SOLE		0	0	13,150
PNC Financial Services Group Inc	COM	693475105	303,000	1,875	SH		SOLE		500	0	1,375
Procter & Gamble Co	COM	742718109	3,505,478	21,605	SH		SOLE		17,405	0	4,200
Prologis Inc	COM	74340W103	6,645,257	51,030	SH		SOLE		44,317	0	6,713
QUALCOMM Inc	COM	747525103	270,880	1,600	SH		SOLE		1,600	0	0
Raytheon Technologies Corp Com	COM	75513E101	1,017,238	10,430	SH		SOLE		4,235	0	6,195
Ready Cap Corp Com	COM	75574U101	143,341	15,700	SH		SOLE		15,700	0	0
Real Estate Select Sector SPDR	COM	81369Y860	706,362	17,869	SH		SOLE		0	0	17,869
REALTY INCOME CORP	COM	756109104	404,073	7,469	SH		SOLE		7,469	0	0
ResMed Inc	COM	761152107	2,178,330	11,000	SH		SOLE		0	0	11,000
RITHM CAPITAL COM NEW	COM	64828T201	196,416	17,600	SH		SOLE		17,600	0	0
Salesforce Inc	COM	79466L302	8,243,297	27,370	SH		SOLE		22,077	0	5,293
Schlumberger Ltd	COM	806857108	7,006,143	127,826	SH		SOLE		118,726	0	9,100
Shell Plc Sponsored Adr Repstg Ord Sh Isin#us78025	COM	780259305	266,819	3,980	SH		SOLE		3,580	0	400
Sherwin-Williams Co	COM	824348106	7,029,959	20,240	SH		SOLE		15,139	0	5,101
Southern Co	COM	842587107	1,542,697	21,504	SH		SOLE		21,204	0	300
SPDR S&P 500 ETF	COM	78462F103	15,135,554	28,936	SH		SOLE		184	0	28,752
SPDR S&P MidCap 400 ETF	COM	78467Y107	3,236,022	5,816	SH		SOLE		0	0	5,816
SPDR Portfolio Intermediate Term Corporate Bond ETF	COM	78464A375	31,174,001	953,625	SH		SOLE		600	0	953,025
SPDR Portfolio S&P 400 Mid Cap ETF	COM	78464A847	538,041	10,087	SH		SOLE		39	0	10,048
SPDR Portfolio S&P 500 Growth ETF	COM	78464A409	519,072	7,096	SH		SOLE		0	0	7,096
SPDR Portfolio S&P 500 Value ETF	COM	78464A508	446,140	8,905	SH		SOLE		0	0	8,905
SPDR Portfolio Short Term Corporate Bond ETF	COM	78464A474	19,204,984	645,112	SH		SOLE		0	0	645,112
SPDR Series Tr. Portfolio S&P 600 Small Cap ETF	COM	78468R853	3,815,238	88,644	SH		SOLE		54	0	88,590
Starbucks Corp	COM	855244109	7,706,124	84,321	SH		SOLE		73,011	0	11,310
Sunoco Lp Com Unit Repstg Ltd Partnership Int	COM	86765K109	723,480	12,000	SH		SOLE		12,000	0	0
Sysco Corp	COM	871829107	902,243	11,114	SH		SOLE		8,650	0	2,464
Technology Select Sector SPDR ETF	COM	81369Y803	19,569,882	93,964	SH		SOLE		0	0	93,964
TESLA MTRS INC	COM	88160R101	615,968	3,504	SH		SOLE		3,504	0	0
Texas Instruments Inc	COM	882508104	201,561	1,157	SH		SOLE		1,157	0	0
The AES Corp	COM	00130H105	4,262,452	237,727	SH		SOLE		216,091	0	21,636
The Hershey Co	COM	427866108	226,398	1,164	SH		SOLE		419	0	745
The Home Depot Inc	COM	437076102	11,100,499	28,937	SH		SOLE		21,534	0	7,403
Thermo Fisher Scientific Inc	COM	883556102	11,000,878	18,927	SH		SOLE		15,024	0	3,903
United Rentals Inc	COM	911363109	10,993,322	15,245	SH		SOLE		13,200	0	2,045
UnitedHealth Group Inc	COM	91324P102	9,315,899	18,830	SH		SOLE		14,510	0	4,320
Utilities Select Sector SPDR ETF	COM	81369Y886	1,699,022	25,880	SH		SOLE		775	0	25,105
Valero Energy Corp	COM	91913Y100	328,578	1,925	SH		SOLE		0	0	1,925
VANGUARD INDEX FD S&P 500 ETF	COM	922908363	230,736	480	SH		SOLE		0	0	480
Verizon Communications Inc	COM	92343V104	1,871,198	44,594	SH		SOLE		38,222	0	6,372
Visa Inc Class A	COM	92826C839	10,841,700	38,847	SH		SOLE		31,296	0	7,551
W.W. Grainger Inc	COM	384802104	6,807,772	6,692	SH		SOLE		6,041	0	651
Wal-Mart Stores Inc	COM	931142103	2,647,091	43,993	SH		SOLE		27,793	0	16,200
Walt Disney Co	COM	254687106	1,064,539	8,700	SH		SOLE		6,901	0	1,799
Webster Finl Corp Com	COM	947890109	3,059,806	60,268	SH		SOLE		60,268	0	0
Weyerhaeuser Co	COM	962166104	5,518,002	153,662	SH		SOLE		137,935	0	15,727