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
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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	307,203	2,822	SH		SOLE		1,397	0	1,425
A F L A C INC	COM	001055102	322,944	3,897	SH		SOLE		3,897	0	0
Abbott Laboratories	COM	002824100	1,216,056	10,819	SH		SOLE		2,045	0	8,774
AbbVie Inc	COM	00287Y109	8,505,585	52,689	SH		SOLE		46,201	0	6,488
Adobe Systems Inc	COM	00724F101	11,932,625	20,553	SH		SOLE		14,773	0	5,370
Advanced Micro Devices Inc	COM	007903107	11,616,925	79,470	SH		SOLE		66,064	0	13,406
AGNC Investment Corp	COM	00123Q104	159,360	16,000	SH		SOLE		16,000	0	0
Albemarle Corp	COM	012653101	307,305	2,250	SH		SOLE		2,250	0	0
Alphabet Inc A	COM	02079K305	986,458	7,105	SH		SOLE		6,425	0	680
Alphabet Inc C	COM	02079K107	15,810,187	112,504	SH		SOLE		87,932	0	22,792
Amazon.com Inc	COM	023135106	12,786,070	85,755	SH		SOLE		68,653	0	15,942
American Express Co	COM	025816109	8,805,266	46,537	SH		SOLE		40,644	0	5,873
American Tower Corp	COM	03027X100	1,945,800	9,005	SH		SOLE		5,113	0	3,427
Amgen Inc	COM	031162100	547,149	1,760	SH		SOLE		1,160	0	600
Apple Inc	COM	037833100	26,024,632	140,249	SH		SOLE		106,760	0	31,779
Arbor Realty Trust Inc	COM	038923108	293,600	20,000	SH		SOLE		20,000	0	0
AT&T Inc	COM	00206R102	894,998	51,674	SH		SOLE		40,540	0	11,134
Automatic Data Processing Inc	COM	053015103	2,724,397	11,507	SH		SOLE		5,637	0	5,645
AutoZone Inc	COM	053332102	5,077,213	1,987	SH		SOLE		1,654	0	333
BAKER HUGHES CO	COM	05722G100	5,287,525	162,994	SH		SOLE		152,737	0	10,257
Balchem Corp	COM	057665200	453,387	3,183	SH		SOLE		2,540	0	643
Ball Corp	COM	058498106	200,095	3,500	SH		SOLE		0	0	3,500
Bank of America Corporation	COM	060505104	5,518,772	161,557	SH		SOLE		130,494	0	30,063
Bank of New York Mellon Corp	COM	064058100	345,290	6,552	SH		SOLE		5,727	0	825
Blackstone Group LP	COM	09260D107	1,608,649	13,149	SH		SOLE		12,149	0	1,000
Boeing Co	COM	097023105	1,576,716	6,885	SH		SOLE		4,913	0	1,972
BP PLC ADR	COM	055622104	305,017	8,609	SH		SOLE		8,609	0	0
BrightSpire Capital Inc	COM	10949T109	89,880	12,000	SH		SOLE		12,000	0	0
Bristol-Myers Squibb Company	COM	110122108	798,895	15,426	SH		SOLE		12,764	0	2,662
Broadcom Inc Com	COM	11135F101	7,766,833	7,226	SH		SOLE		4,003	0	2,933
Cardinal Health Inc	COM	14149Y108	205,082	1,950	SH		SOLE		1,950	0	0
Caterpillar Inc	COM	149123101	923,802	3,161	SH		SOLE		2,021	0	1,140
CHART INDUSTRIES INC	COM	16115Q308	6,333,772	47,533	SH		SOLE		42,829	0	4,704
Cherry Hill Mtg Invt Corp Com	COM	164651101	49,200	12,000	SH		SOLE		12,000	0	0
Chevron Corp	COM	166764100	4,028,425	26,946	SH		SOLE		21,400	0	4,981
CHIPOTLE MEXICAN GRILL INC. COM	COM	169656105	7,037,919	3,147	SH		SOLE		2,739	0	383
Chubb Ltd	COM	H1467J104	604,161	2,671	SH		SOLE		2,671	0	0
CIENA CORP	COM	171779309	3,548,468	74,878	SH		SOLE		66,993	0	7,885
Cigna Corp	COM	125523100	255,922	816	SH		SOLE		446	0	370
Cisco Systems Inc	COM	17275R102	7,044,756	139,611	SH		SOLE		125,541	0	13,120
Coca-Cola Co	COM	191216100	301,752	5,020	SH		SOLE		2,420	0	2,600
Comcast Corp Class A	COM	20030N101	861,818	19,708	SH		SOLE		14,206	0	4,152
Commercial Metals Co	COM	201723103	767,602	14,810	SH		SOLE		14,810	0	0
SPDR SECTOR COMMUNICATION SERVICES ETF	COM	81369Y852	5,584,449	76,332	SH		SOLE		0	0	76,332
ConocoPhillips	COM	20825C104	2,349,884	20,523	SH		SOLE		12,533	0	7,990
Consolidated Edison Inc	COM	209115104	342,782	3,654	SH		SOLE		3,654	0	0
SPDR SECTOR CONSUMER DISCRETIONARY ETF	COM	81369Y407	6,203,939	35,338	SH		SOLE		50	0	35,288
SPDR SECTOR CONSUMER STAPLES ETF	COM	81369Y308	3,632,295	50,073	SH		SOLE		195	0	49,878
Corning Inc	COM	219350105	335,594	10,715	SH		SOLE		6,740	0	3,975
Costco Wholesale Corp	COM	22160K105	1,556,957	2,353	SH		SOLE		1,823	0	505
Coterra Energy Inc	COM	127097103	463,273	18,132	SH		SOLE		9,991	0	8,141
CSW Industrials Inc	COM	126402106	659,424	3,212	SH		SOLE		3,212	0	0
CSX Corp	COM	126408103	8,191,082	236,123	SH		SOLE		199,403	0	33,810
CVS Health Corp	COM	126650100	1,188,914	14,736	SH		SOLE		13,591	0	1,145
Danaher Corp	COM	235851102	8,826,039	37,580	SH		SOLE		31,761	0	5,104
Devon Energy Corp	COM	25179M103	238,031	5,228	SH		SOLE		4,780	0	448
DIGITAL RLTY TR INC	COM	253868103	312,056	2,334	SH		SOLE		2,334	0	0
Dollar General Corp	COM	256677105	2,327,375	17,340	SH		SOLE		12,305	0	4,785
Duke Energy Corp	COM	26441C204	2,237,266	22,510	SH		SOLE		14,596	0	7,284
DuPont de Nemours Inc	COM	26614N102	635,518	8,289	SH		SOLE		8,256	0	33
Eagle Point Credit Co LLC	COM	269808101	104,580	10,500	SH		SOLE		10,500	0	0
Eli Lilly and Co	COM	532457108	32,879,096	52,520	SH		SOLE		17,247	0	34,833
Emerson Electric Co	COM	291011104	1,269,004	13,251	SH		SOLE		11,883	0	1,368
Enbridge Inc Com	COM	29250N105	243,830	6,563	SH		SOLE		5,031	0	1,532
Energy Select Sector SPDR ETF	COM	81369Y506	3,295,353	39,371	SH		SOLE		100	0	39,271
EXTRA SPACE STORAGE INC	COM	30225T102	457,782	2,864	SH		SOLE		537	0	2,327
Exxon Mobil Corp	COM	30231G102	11,571,269	114,658	SH		SOLE		92,412	0	22,081
SPDR SECTOR FINANCIAL ETF	COM	81369Y605	7,421,574	195,356	SH		SOLE		0	0	195,356
FLOWERS FOODS INC	COM	343498101	795,748	34,764	SH		SOLE		34,764	0	0
FLUOR CORPORATION	COM	343412102	5,634,340	147,303	SH		SOLE		132,977	0	14,326
General Electric Co	COM	369604301	531,079	4,140	SH		SOLE		1,337	0	2,803
Goldman Sachs Group Inc	COM	38141G104	264,036	679	SH		SOLE		679	0	0
SPDR SECTOR HEALTH CARE ETF	COM	81369Y209	9,181,978	65,422	SH		SOLE		60	0	65,362
Honeywell International Inc	COM	438516106	494,085	2,438	SH		SOLE		1,046	0	1,292
Hubbell Inc Com	COM	443510607	290,592	900	SH		SOLE		900	0	0
Illinois Tool Works Inc	COM	452308109	549,165	2,135	SH		SOLE		950	0	1,185
Illumina Inc	COM	452327109	1,723,412	12,894	SH		SOLE		11,267	0	1,357
SPDR SECTOR INDUSTRIAL ETF	COM	81369Y704	5,698,737	50,809	SH		SOLE		0	0	50,809
Intel Corp	COM	458140100	1,580,800	32,627	SH		SOLE		27,277	0	5,350
International Business Machines Corp	COM	459200101	2,432,247	15,094	SH		SOLE		11,672	0	3,422
Intuitive Surgical Inc	COM	46120E602	23,552,953	71,620	SH		SOLE		300	0	71,320
Invesco Exchange-Traded Fd Tr II Cef Income Compos	COM	46138E404	285,656	15,704	SH		SOLE		15,704	0	0
Invesco QQQ Trust	COM	46090E103	1,638,428	4,046	SH		SOLE		235	0	3,811
Iron Mountain Inc	COM	46284V101	486,217	7,145	SH		SOLE		7,145	0	0
iShares 1-3 Year Treasury Bond	COM	464287457	14,548,064	177,502	SH		SOLE		0	0	177,502
ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND E	COM	464288646	14,239,067	278,542	SH		SOLE		0	0	278,542
iShares Core S&P Small-Cap	COM	464287804	527,005	4,968	SH		SOLE		0	0	4,968
ISHARES FLOATING RATE BOND ETF	COM	46429B655	7,083,956	139,723	SH		SOLE		0	0	139,723
iShares New York Muni Bond ETF	COM	464288323	552,432	10,200	SH		SOLE		10,200	0	0
iShares North American Tech	COM	464287549	353,928	800	SH		SOLE		0	0	800
iShares Preferred&Income Securities ETF	COM	464288687	381,317	12,140	SH		SOLE		3,240	0	8,900
ISHARES SHORT-TERM NATIONAL	COM	464288158	759,956	7,215	SH		SOLE		0	0	7,215
ISHARES TR S&P 500 GROWTH ETF	COM	464287309	253,300	3,400	SH		SOLE		0	0	3,400
ISHARES TRUST S&P	COM	464287200	386,038	810	SH		SOLE		35	0	775
Ishares U S Technology Etf	COM	464287721	608,530	5,040	SH		SOLE		0	0	5,040
JM Smucker Co	COM	832696405	976,036	7,565	SH		SOLE		7,565	0	0
Johnson & Johnson	COM	478160104	2,568,973	15,904	SH		SOLE		12,294	0	3,610
JPMorgan Chase & Co	COM	46625H100	15,399,043	89,519	SH		SOLE		70,500	0	18,249
K L A TENCOR CORP	COM	482480100	9,027,003	16,052	SH		SOLE		14,706	0	1,346
Lennar Corp	COM	526057104	4,749,402	31,809	SH		SOLE		28,775	0	3,034
Lincoln Electric Holdings Inc	COM	533900106	5,865,909	27,642	SH		SOLE		24,293	0	3,309
Lockheed Martin Corp	COM	539830109	946,092	2,063	SH		SOLE		968	0	975
Lowe's Companies Inc	COM	548661107	317,024	1,460	SH		SOLE		1,130	0	330
Marsh & Mclennan Companies Inc	COM	571748102	9,016,121	47,056	SH		SOLE		38,076	0	8,555
MASTERCARD INC CL A	COM	57636Q104	441,391	1,046	SH		SOLE		1,046	0	0
Materials Select Sector SPDR ETF	COM	81369Y100	723,423	8,541	SH		SOLE		25	0	8,516
McDonald's Corp	COM	580135101	4,846,871	16,605	SH		SOLE		14,131	0	2,274
Medtronic PLC	COM	G5960L103	9,186,462	106,116	SH		SOLE		3,459	0	102,357
Merck & Co Inc	COM	58933Y105	2,162,447	18,423	SH		SOLE		13,484	0	4,164
META PLATFORMS INC	COM	30303M102	4,599,814	12,825	SH		SOLE		10,390	0	2,000
Microsoft Corp	COM	594918104	37,972,576	101,344	SH		SOLE		82,680	0	17,860
Mondelez International Inc Class A	COM	609207105	4,188,276	56,821	SH		SOLE		48,808	0	8,013
Morgan Stanley	COM	617446448	7,074,834	75,659	SH		SOLE		61,353	0	14,306
New York Community Bancorp Inc	COM	649445103	116,490	11,000	SH		SOLE		11,000	0	0
NextEra Energy Inc	COM	65339F101	691,491	10,990	SH		SOLE		6,185	0	4,805
Nike Inc B	COM	654106103	859,942	8,299	SH		SOLE		4,217	0	4,082
Norfolk Southern Corp	COM	655844108	401,992	1,750	SH		SOLE		1,750	0	0
Northrop Grumman Corp	COM	666807102	1,065,533	2,242	SH		SOLE		2,087	0	155
Novo Nordisk A/S	COM	670100205	267,490	2,514	SH		SOLE		2,514	0	0
NUCOR CORP	COM	670346105	6,057,133	35,064	SH		SOLE		32,420	0	2,644
Nuveen AMT-Free Muni Credit Inc	COM	67071L106	126,630	10,500	SH		SOLE		10,500	0	0
Nuveen AMT-Free Quality Muni Inc	COM	670657105	264,480	23,870	SH		SOLE		23,870	0	0
Nuveen Muni High Inc Opp	COM	670682103	114,425	11,500	SH		SOLE		11,500	0	0
Nuveen Municipal Credit Income	COM	67070X101	126,525	10,500	SH		SOLE		10,500	0	0
Nuveen Municipal Value	COM	670928100	1,066,143	122,687	SH		SOLE		118,987	0	3,700
NVIDIA CORP	COM	67066G104	23,123,520	44,252	SH		SOLE		35,525	0	7,595
Oracle Corp	COM	68389X105	2,768,205	26,449	SH		SOLE		25,799	0	650
ORANGE COUNTY BANCORP INC.	COM	68417L107	31,236,237	598,510	SH		SOLE		108,391	0	485,119
Oshkosh Corp	COM	688239201	528,262	4,963	SH		SOLE		2,898	0	2,065
PepsiCo Inc	COM	713448108	7,891,997	46,668	SH		SOLE		35,579	0	10,689
Pfizer Inc	COM	717081103	3,959,468	133,856	SH		SOLE		119,745	0	13,866
Phillips 66	COM	718546104	790,250	5,904	SH		SOLE		3,979	0	1,610
Pieris Pharmaceuticals Inc	COM	720795103	2,402	14,000	SH		SOLE		14,000	0	0
PIMCO ETF ENHANCED SHORT FD	COM	72201R833	1,680,559	16,814	SH		SOLE		0	0	16,814
Platinum Group Metals Ltd Registered Shs Isin#ca72	COM	72765Q882	15,648	13,150	SH		SOLE		0	0	13,150
PNC Financial Services Group Inc	COM	693475105	377,890	2,399	SH		SOLE		974	0	1,425
Procter & Gamble Co	COM	742718109	3,244,923	21,823	SH		SOLE		17,458	0	4,225
Prologis Inc	COM	74340W103	6,175,759	46,376	SH		SOLE		39,825	0	6,506
QUALCOMM Inc	COM	747525103	382,750	2,753	SH		SOLE		2,549	0	204
Raytheon Technologies Corp Com	COM	75513E101	979,349	11,409	SH		SOLE		4,537	0	6,872
Ready Cap Corp Com	COM	75574U101	159,041	15,700	SH		SOLE		15,700	0	0
Real Estate Select Sector SPDR	COM	81369Y860	675,039	16,948	SH		SOLE		0	0	16,948
REALTY INCOME CORP	COM	756109104	434,680	7,308	SH		SOLE		7,308	0	0
ResMed Inc	COM	761152107	1,900,470	11,000	SH		SOLE		0	0	11,000
RITHM CAPITAL COM NEW	COM	64828T201	187,264	17,600	SH		SOLE		17,600	0	0
Salesforce Inc	COM	79466L302	7,160,621	27,449	SH		SOLE		21,410	0	5,499
Schlumberger Ltd	COM	806857108	5,016,300	99,688	SH		SOLE		92,416	0	7,272
Shell Plc Sponsored Adr Repstg Ord Sh Isin#us78025	COM	780259305	257,188	3,980	SH		SOLE		3,580	0	400
Sherwin-Williams Co	COM	824348106	5,907,944	19,728	SH		SOLE		14,143	0	5,130
Simon Property Group Inc	COM	828806109	220,599	1,550	SH		SOLE		1,420	0	130
Southern Co	COM	842587107	1,562,553	21,654	SH		SOLE		21,354	0	300
SPDR S&P 500 ETF	COM	78462F103	14,534,625	30,625	SH		SOLE		196	0	30,429
SPDR S&P MidCap 400 ETF	COM	78467Y107	3,404,359	6,787	SH		SOLE		0	0	6,787
SPDR Portfolio Intermediate Term Corporate Bond ETF	COM	78464A375	27,386,298	838,784	SH		SOLE		1,555	0	837,229
SPDR Portfolio S&P 400 Mid Cap ETF	COM	78464A847	541,366	11,248	SH		SOLE		355	0	10,893
SPDR Portfolio S&P 500 Growth ETF	COM	78464A409	637,712	9,887	SH		SOLE		0	0	9,887
SPDR Portfolio S&P 500 Value ETF	COM	78464A508	554,784	11,819	SH		SOLE		0	0	11,819
SPDR Portfolio Short Term Corporate Bond ETF	COM	78464A474	14,508,094	487,831	SH		SOLE		0	0	487,831
SPDR Series Tr. Portfolio S&P 600 Small Cap ETF	COM	78468R853	3,728,882	90,244	SH		SOLE		835	0	89,409
Starbucks Corp	COM	855244109	7,150,651	75,917	SH		SOLE		64,830	0	10,682
Sunoco Lp Com Unit Repstg Ltd Partnership Int	COM	86765K109	692,040	12,000	SH		SOLE		12,000	0	0
Sysco Corp	COM	871829107	899,313	11,894	SH		SOLE		9,385	0	2,509
Technology Select Sector SPDR ETF	COM	81369Y803	17,844,046	94,543	SH		SOLE		0	0	94,543
TESLA MTRS INC	COM	88160R101	923,568	3,841	SH		SOLE		3,841	0	0
The AES Corp	COM	00130H105	3,931,231	206,147	SH		SOLE		187,699	0	17,748
The Estee Lauder Companies Inc Class A	COM	518439104	409,860	2,948	SH		SOLE		520	0	2,428
The Hershey Co	COM	427866108	222,848	1,164	SH		SOLE		419	0	745
The Home Depot Inc	COM	437076102	11,562,538	33,233	SH		SOLE		25,446	0	7,592
Thermo Fisher Scientific Inc	COM	883556102	10,560,453	19,507	SH		SOLE		15,173	0	3,999
United Rentals Inc	COM	911363109	8,210,121	14,905	SH		SOLE		12,885	0	2,020
UnitedHealth Group Inc	COM	91324P102	10,311,599	19,220	SH		SOLE		14,279	0	4,521
Utilities Select Sector SPDR ETF	COM	81369Y886	1,693,640	26,056	SH		SOLE		875	0	25,181
Valero Energy Corp	COM	91913Y100	294,219	2,276	SH		SOLE		276	0	2,000
VANGUARD INDEX FD S&P 500 ETF	COM	922908363	214,576	492	SH		SOLE		89	0	403
Verizon Communications Inc	COM	92343V104	2,208,058	55,064	SH		SOLE		48,092	0	6,972
Visa Inc Class A	COM	92826C839	9,044,240	34,448	SH		SOLE		26,387	0	7,554
W.W. Grainger Inc	COM	384802104	4,944,069	6,013	SH		SOLE		5,446	0	567
Wal-Mart Stores Inc	COM	931142103	2,409,284	15,225	SH		SOLE		9,324	0	5,481
Walt Disney Co	COM	254687106	880,159	9,614	SH		SOLE		6,440	0	2,974
Webster Finl Corp Com	COM	947890109	3,798,954	73,924	SH		SOLE		59,240	0	14,684
Weyerhaeuser Co	COM	962166104	4,791,993	140,734	SH		SOLE		126,186	0	14,548