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 Co	COM	88579Y101	368,680	2,697	SH		SOLE		1,497	0	1,200
Abbott Laboratories	COM	002824100	1,207,822	10,594	SH		SOLE		1,820	0	8,774
AbbVie Inc	COM	00287Y109	11,330,218	57,374	SH		SOLE		50,358	0	7,016
Adobe Systems Inc	COM	00724F101	12,835,248	24,788	SH		SOLE		19,552	0	5,236
Advanced Micro Devices Inc	COM	007903107	14,786,397	90,115	SH		SOLE		77,040	0	13,075
Aflac Inc	COM	001055102	404,940	3,622	SH		SOLE		3,622	0	0
AGNC Investment Corp	COM	00123Q104	167,360	16,000	SH		SOLE		16,000	0	0
Albemarle Corp	COM	012653101	213,098	2,250	SH		SOLE		2,250	0	0
Alphabet Inc Class A	COM	02079K305	1,188,315	7,165	SH		SOLE		6,485	0	680
Alphabet Inc Class C	COM	02079K107	18,913,870	113,127	SH		SOLE		91,067	0	22,060
ALPS ETF TR BARRONS 400 ETF	COM	00162Q726	215,168	3,000	SH		SOLE		0	0	3,000
Amazon.com Inc	COM	023135106	18,535,363	99,475	SH		SOLE		83,506	0	15,969
American Express Co	COM	025816109	13,162,963	48,536	SH		SOLE		42,197	0	6,339
American Tower Corp	COM	03027X100	1,543,733	6,638	SH		SOLE		3,622	0	3,016
Amgen Inc	COM	031162100	402,762	1,250	SH		SOLE		650	0	600
Apple Inc	COM	037833100	30,469,445	130,770	SH		SOLE		101,632	0	29,138
Arbor Realty Trust Inc	COM	038923108	311,200	20,000	SH		SOLE		20,000	0	0
AT&T Inc	COM	00206R102	907,880	41,267	SH		SOLE		30,783	0	10,484
Automatic Data Processing Inc	COM	053015103	2,623,400	9,480	SH		SOLE		4,035	0	5,445
AutoZone Inc	COM	053332102	8,527,158	2,705	SH		SOLE		2,316	0	389
Baker Hughes Co	COM	05722G100	5,374,601	148,674	SH		SOLE		136,460	0	12,214
Balchem Corp	COM	057665200	525,008	2,983	SH		SOLE		2,540	0	443
Ball Corp	COM	058498106	237,685	3,500	SH		SOLE		0	0	3,500
Bank of America Corporation	COM	060505104	3,878,187	97,736	SH		SOLE		76,911	0	20,825
Bank of New York Mellon Corp	COM	064058100	337,526	4,697	SH		SOLE		4,597	0	100
Blackstone Inc	COM	09260D107	1,902,793	12,426	SH		SOLE		12,426	0	0
Blue Owl Capital Corp - Class A	COM	09581B103	3,307,443	170,839	SH		SOLE		163,176	0	7,663
Boeing Co	COM	097023105	518,760	3,412	SH		SOLE		1,565	0	1,847
BP PLC	COM	055622104	238,847	7,609	SH		SOLE		7,609	0	0
BrightSpire Capital Inc	COM	10949T109	67,200	12,000	SH		SOLE		12,000	0	0
Bristol-Myers Squibb Company	COM	110122108	647,302	12,510	SH		SOLE		10,838	0	1,672
Broadcom Inc	COM	11135F101	11,023,262	63,902	SH		SOLE		37,922	0	25,980
Brookfield Real Assets Income FD INC SHS BEN INT	COM	112830104	137,000	10,000	SH		SOLE		10,000	0	0
Capital One Financial Corp	COM	14040H105	524,055	3,500	SH		SOLE		3,500	0	0
Carrier Global Corp Com	COM	14448C104	200,742	2,494	SH		SOLE		1,739	0	755
Caterpillar Inc	COM	149123101	1,020,432	2,609	SH		SOLE		1,709	0	900
Charles Schwab Corp	COM	808513105	3,237,713	49,957	SH		SOLE		47,057	0	2,900
Chart Industries Inc	COM	16115Q308	7,805,054	62,872	SH		SOLE		56,379	0	6,493
Cherry Hill Mortgage Investment Corp	COM	164651101	101,640	28,000	SH		SOLE		28,000	0	0
Chevron Corp	COM	166764100	3,563,490	24,196	SH		SOLE		19,524	0	4,672
Chipotle Mexican Grill Inc	COM	169656105	8,961,523	155,527	SH		SOLE		133,989	0	21,538
Chubb Ltd	COM	H1467J104	496,295	1,720	SH		SOLE		1,720	0	0
Ciena Corp	COM	171779309	7,060,246	114,632	SH		SOLE		105,653	0	8,979
Cigna Corp	COM	125523100	284,427	821	SH		SOLE		451	0	370
Cisco Systems Inc	COM	17275R102	6,515,123	122,418	SH		SOLE		109,153	0	13,265
Coca-Cola Co	COM	191216100	345,862	4,813	SH		SOLE		2,213	0	2,600
Comcast Corp - Class A	COM	20030N101	627,247	15,015	SH		SOLE		10,863	0	4,152
Commercial Metals Co	COM	201723103	813,958	14,810	SH		SOLE		14,810	0	0
Communication Services Select Sector SPDR ETF	COM	81369Y852	6,526,699	72,198	SH		SOLE		0	0	72,198
ConocoPhillips	COM	20825C104	1,977,369	18,782	SH		SOLE		11,047	0	7,735
Consolidated Edison Inc	COM	209115104	281,776	2,706	SH		SOLE		2,706	0	0
Consumer Discretionary Select Sector SPDR ETF	COM	81369Y407	7,236,363	36,115	SH		SOLE		0	0	36,115
Consumer Staples Select Sector SPDR ETF	COM	81369Y308	3,976,862	47,914	SH		SOLE		0	0	47,914
Corning Inc	COM	219350105	434,117	9,615	SH		SOLE		6,740	0	2,875
Costco Wholesale Corp	COM	22160K105	1,822,685	2,056	SH		SOLE		1,561	0	495
Coterra Energy Inc	COM	127097103	328,426	13,713	SH		SOLE		6,386	0	7,327
CSW Industrials Inc	COM	126402106	1,176,845	3,212	SH		SOLE		3,212	0	0
CSX Corp	COM	126408103	8,831,610	255,765	SH		SOLE		221,441	0	34,324
CVS Health Corp	COM	126650100	688,483	10,949	SH		SOLE		10,224	0	725
Danaher Corp	COM	235851102	12,818,390	46,106	SH		SOLE		40,469	0	5,637
Devon Energy Corp	COM	25179M103	213,713	5,463	SH		SOLE		5,463	0	0
Digital Realty Trust Inc	COM	253868103	401,986	2,484	SH		SOLE		2,484	0	0
Duke Energy Corp	COM	26441C204	1,864,744	16,172	SH		SOLE		9,979	0	6,193
Eagle Point Credit Co LLC	COM	269808101	103,530	10,500	SH		SOLE		10,500	0	0
Eli Lilly and Co	COM	532457108	42,805,077	48,316	SH		SOLE		14,975	0	33,341
Emerson Electric Co	COM	291011104	1,171,083	10,707	SH		SOLE		9,357	0	1,350
Enbridge Inc	COM	29250N105	255,746	6,288	SH		SOLE		4,756	0	1,532
Energy Select Sector SPDR ETF	COM	81369Y506	3,244,386	36,952	SH		SOLE		100	0	36,852
Etfis Ser Tr I Virtus Infracap US Pfd Stk ETF	COM	26923G822	273,960	12,000	SH		SOLE		12,000	0	0
Extra Space Storage Inc	COM	30225T102	516,064	2,864	SH		SOLE		537	0	2,327
Exxon Mobil Corp	COM	30231G102	12,154,875	103,691	SH		SOLE		82,016	0	21,675
Financial Select Sector SPDR ETF	COM	81369Y605	9,410,517	207,646	SH		SOLE		0	0	207,646
Fluor Corporation	COM	343412102	8,180,929	171,472	SH		SOLE		153,319	0	18,153
GE Vernova Inc	COM	36828A101	227,697	893	SH		SOLE		195	0	698
Generac Holdings Inc	COM	368736104	3,742,418	23,555	SH		SOLE		22,148	0	1,407
General Electric Co	COM	369604301	724,147	3,840	SH		SOLE		1,037	0	2,803
Goldman Sachs Group Inc	COM	38141G104	3,953,948	7,986	SH		SOLE		7,623	0	363
Health Care Select Sector SPDR ETF	COM	81369Y209	8,754,805	56,842	SH		SOLE		0	0	56,842
Honeywell International Inc	COM	438516106	428,510	2,073	SH		SOLE		1,013	0	1,060
Hubbell Inc	COM	443510607	385,515	900	SH		SOLE		900	0	0
Illinois Tool Works Inc	COM	452308109	499,243	1,905	SH		SOLE		850	0	1,055
Illumina Inc	COM	452327109	2,261,831	17,344	SH		SOLE		16,155	0	1,189
Industrial Select Sector SPDR ETF	COM	81369Y704	6,654,844	49,135	SH		SOLE		0	0	49,135
Intel Corp	COM	458140100	262,166	11,175	SH		SOLE		7,625	0	3,550
International Business Machines Corp	COM	459200101	3,142,652	14,214	SH		SOLE		10,992	0	3,222
Intuitive Surgical Inc	COM	46120E602	34,536,772	70,301	SH		SOLE		331	0	69,970
Invesco Exchange-Traded Fd Tr II Cef Income Compos	COM	46138E404	309,526	15,704	SH		SOLE		15,704	0	0
Invesco QQQ Trust	COM	46090E103	1,456,889	2,985	SH		SOLE		175	0	2,810
ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND E	COM	464288646	1,242,039	23,586	SH		SOLE		0	0	23,586
iShares Core S&P Small-Cap	COM	464287804	535,911	4,582	SH		SOLE		14	0	4,568
ISHARES FLOATING RATE BOND ETF	COM	46429B655	7,334,550	143,702	SH		SOLE		0	0	143,702
iShares New York Muni Bond ETF	COM	464288323	600,346	11,050	SH		SOLE		11,050	0	0
ISHARES SHORT-TERM NATIONAL	COM	464288158	1,197,611	11,278	SH		SOLE		0	0	11,278
ISHARES TR S&P 500 GROWTH ETF	COM	464287309	282,462	2,950	SH		SOLE		0	0	2,950
ISHARES TRUST S&P	COM	464287200	447,036	775	SH		SOLE		0	0	775
Ishares U S Technology Etf	COM	464287721	703,517	4,640	SH		SOLE		0	0	4,640
JM Smucker Co	COM	832696405	916,122	7,565	SH		SOLE		7,565	0	0
Johnson & Johnson	COM	478160104	2,244,207	13,848	SH		SOLE		10,338	0	3,510
JPMorgan Chase & Co	COM	46625H100	16,394,948	77,752	SH		SOLE		60,549	0	17,203
KLA Corp	COM	482480100	15,840,557	20,455	SH		SOLE		18,818	0	1,637
Lennar Corp	COM	526057104	8,216,311	43,824	SH		SOLE		39,348	0	4,476
Lincoln Electric Holdings Inc	COM	533900106	4,786,675	24,927	SH		SOLE		21,655	0	3,272
Lockheed Martin Corp	COM	539830109	1,119,951	1,915	SH		SOLE		970	0	945
Marsh & Mclennan Companies Inc	COM	571748102	11,228,789	50,332	SH		SOLE		41,102	0	9,230
Mastercard Inc	COM	57636Q104	535,279	1,084	SH		SOLE		1,084	0	0
Materials Select Sector SPDR ETF	COM	81369Y100	1,126,779	11,691	SH		SOLE		0	0	11,691
McDonald's Corp	COM	580135101	5,359,048	17,598	SH		SOLE		15,359	0	2,239
Medtronic PLC	COM	G5960L103	9,393,460	104,337	SH		SOLE		2,515	0	101,822
Merck & Co Inc	COM	58933Y105	1,796,362	15,818	SH		SOLE		12,913	0	2,905
Meta Platforms Inc	COM	30303M102	6,177,200	10,791	SH		SOLE		8,866	0	1,925
Microsoft Corp	COM	594918104	37,970,094	88,240	SH		SOLE		71,619	0	16,621
Mondelez International Inc	COM	609207105	4,282,216	58,127	SH		SOLE		49,631	0	8,496
Morgan Stanley	COM	617446448	7,813,995	74,960	SH		SOLE		60,675	0	14,285
NextEra Energy Inc	COM	65339F101	824,928	9,759	SH		SOLE		4,954	0	4,805
Nike Inc	COM	654106103	538,091	6,087	SH		SOLE		3,040	0	3,047
Norfolk Southern Corp	COM	655844108	372,750	1,500	SH		SOLE		1,500	0	0
Northrop Grumman Corp	COM	666807102	1,194,494	2,262	SH		SOLE		2,137	0	125
Nucor Corp	COM	670346105	4,755,555	31,631	SH		SOLE		28,766	0	2,865
Nuveen AMT-Free Muni Credit Inc	COM	67071L106	140,595	10,500	SH		SOLE		10,500	0	0
Nuveen AMT-Free Quality Muni Inc	COM	670657105	285,724	23,870	SH		SOLE		23,870	0	0
Nuveen Muni High Inc Opp	COM	670682103	134,090	11,500	SH		SOLE		11,500	0	0
Nuveen Municipal Credit Income	COM	67070X101	137,550	10,500	SH		SOLE		10,500	0	0
Nuveen Municipal Value	COM	670928100	1,024,800	113,612	SH		SOLE		109,912	0	3,700
NVIDIA Corp	COM	67066G104	39,162,821	322,486	SH		SOLE		261,294	0	61,192
Oracle Corp	COM	68389X105	3,150,781	18,490	SH		SOLE		17,840	0	650
Orange County Bancorp Inc	COM	68417L107	36,368,014	602,918	SH		SOLE		0	0	602,918
Oshkosh Corp	COM	688239201	464,974	4,640	SH		SOLE		2,672	0	1,968
PepsiCo Inc	COM	713448108	6,269,545	36,868	SH		SOLE		26,597	0	10,271
Pfizer Inc	COM	717081103	5,128,610	177,214	SH		SOLE		164,776	0	12,438
Phillips 66	COM	718546104	356,230	2,710	SH		SOLE		1,800	0	910
Platinum Group Metals Ltd	COM	72765Q882	18,804	13,150	SH		SOLE		0	0	13,150
PNC Financial Services Group Inc	COM	693475105	291,139	1,575	SH		SOLE		500	0	1,075
PPL Corp	COM	69351T106	219,155	6,625	SH		SOLE		5,825	0	800
Procter & Gamble Co	COM	742718109	3,615,621	20,875	SH		SOLE		16,875	0	4,000
Prologis Inc	COM	74340W103	7,489,667	59,308	SH		SOLE		52,564	0	6,744
QUALCOMM Inc	COM	747525103	272,080	1,600	SH		SOLE		1,600	0	0
Ready Capital Corp	COM	75574U101	119,791	15,700	SH		SOLE		15,700	0	0
Real Estate Select Sector SPDR	COM	81369Y860	995,337	22,282	SH		SOLE		0	0	22,282
ResMed Inc	COM	761152107	2,685,320	11,000	SH		SOLE		0	0	11,000
Rithm Capital Corp	COM	64828T201	199,760	17,600	SH		SOLE		17,600	0	0
RTX Corp	COM	75513E101	1,255,460	10,362	SH		SOLE		4,277	0	6,085
Salesforce Inc	COM	79466L302	10,878,057	39,743	SH		SOLE		34,329	0	5,414
Schlumberger Ltd	COM	806857108	3,890,107	92,731	SH		SOLE		84,148	0	8,583
Sherwin-Williams Co	COM	824348106	7,657,064	20,061	SH		SOLE		15,176	0	4,885
Southern Co	COM	842587107	1,828,850	20,280	SH		SOLE		20,280	0	0
SPDR S&P 500 ETF	COM	78462F103	13,838,517	24,119	SH		SOLE		130	0	23,989
SPDR S&P MidCap 400 ETF	COM	78467Y107	2,608,473	4,579	SH		SOLE		0	0	4,579
SPDR Portfolio Intermediate Term Corporate Bond ETF	COM	78464A375	40,656,687	1,206,072	SH		SOLE		0	0	1,206,072
SPDR Portfolio S&P 400 Mid Cap ETF	COM	78464A847	647,685	11,845	SH		SOLE		39	0	11,806
SPDR Portfolio S&P 500 Growth ETF	COM	78464A409	506,100	6,102	SH		SOLE		0	0	6,102
SPDR Portfolio S&P 500 Value ETF	COM	78464A508	432,395	8,180	SH		SOLE		0	0	8,180
SPDR Portfolio Short Term Corporate Bond ETF	COM	78464A474	30,793,307	1,016,952	SH		SOLE		0	0	1,016,952
SPDR Series Tr. Portfolio S&P 600 Small Cap ETF	COM	78468R853	4,452,698	97,840	SH		SOLE		0	0	97,840
Starbucks Corp	COM	855244109	6,610,241	67,804	SH		SOLE		58,416	0	9,388
Sunoco Lp Com Unit Repstg Ltd Partnership Int	COM	86765K109	645,770	12,030	SH		SOLE		12,030	0	0
Sysco Corp	COM	871829107	816,437	10,459	SH		SOLE		8,000	0	2,459
Technology Select Sector SPDR ETF	COM	81369Y803	20,523,390	90,908	SH		SOLE		0	0	90,908
Texas Instruments Inc	COM	882508104	227,227	1,100	SH		SOLE		1,100	0	0
The AES Corp	COM	00130H105	7,274,807	362,651	SH		SOLE		340,722	0	21,929
The Hershey Co	COM	427866108	223,232	1,164	SH		SOLE		419	0	745
The Home Depot Inc	COM	437076102	10,458,769	25,810	SH		SOLE		18,603	0	7,207
Thermo Fisher Scientific Inc	COM	883556102	12,410,706	20,063	SH		SOLE		16,167	0	3,896
United Rentals Inc	COM	911363109	11,592,095	14,315	SH		SOLE		12,282	0	2,033
UnitedHealth Group Inc	COM	91324P102	14,118,509	24,146	SH		SOLE		19,844	0	4,302
Utilities Select Sector SPDR ETF	COM	81369Y886	1,813,996	22,456	SH		SOLE		675	0	21,781
VANGUARD INDEX FD S&P 500 ETF	COM	922908363	218,983	415	SH		SOLE		0	0	415
Verizon Communications Inc	COM	92343V104	1,675,359	37,304	SH		SOLE		32,432	0	4,872
Visa Inc	COM	92826C839	10,884,446	39,586	SH		SOLE		32,073	0	7,513
W.W. Grainger Inc	COM	384802104	8,200,366	7,893	SH		SOLE		7,215	0	678
Walgreen Boots Alliance Inc	COM	931427108	101,069	11,280	SH		SOLE		11,280	0	0
Walmart Inc	COM	931142103	3,271,146	40,509	SH		SOLE		24,354	0	16,155
Walt Disney Co	COM	254687106	751,745	7,815	SH		SOLE		6,386	0	1,429
Webster Financial Corp	COM	947890109	2,540,152	54,498	SH		SOLE		54,498	0	0
Weyerhaeuser Co	COM	962166104	4,152,963	122,650	SH		SOLE		110,538	0	12,112