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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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	348,156	2,697	SH		SOLE		1,497	0	1,200
Abbott Laboratories	COM	002824100	1,198,287	10,594	SH		SOLE		1,820	0	8,774
AbbVie Inc	COM	00287Y109	9,519,922	53,573	SH		SOLE		46,626	0	6,947
Adobe Systems Inc	COM	00724F101	11,040,960	24,828	SH		SOLE		19,521	0	5,307
Advanced Micro Devices Inc	COM	007903107	10,713,348	88,692	SH		SOLE		75,535	0	13,157
Aflac Inc	COM	001055102	374,660	3,622	SH		SOLE		3,622	0	0
AGNC Investment Corp	COM	00123Q104	147,360	16,000	SH		SOLE		16,000	0	0
Alphabet Inc Class A	COM	02079K305	1,640,284	8,665	SH		SOLE		7,985	0	680
Alphabet Inc Class C	COM	02079K107	21,623,700	113,545	SH		SOLE		91,776	0	21,769
ALPS ETF TR BARRONS 400 ETF	COM	00162Q726	218,297	3,000	SH		SOLE		0	0	3,000
Amazon.com Inc	COM	023135106	21,052,445	95,958	SH		SOLE		80,092	0	15,866
Amcor Plc	COM	G0250X107	103,510	11,000	SH		SOLE		11,000	0	0
American Express Co	COM	025816109	13,540,450	45,623	SH		SOLE		39,408	0	6,215
American Tower Corp	COM	03027X100	1,069,280	5,830	SH		SOLE		3,053	0	2,777
Amgen Inc	COM	031162100	325,800	1,250	SH		SOLE		650	0	600
Apple Inc	COM	037833100	32,039,774	127,944	SH		SOLE		99,684	0	28,260
Arbor Realty Trust Inc	COM	038923108	277,000	20,000	SH		SOLE		20,000	0	0
AT&T Inc	COM	00206R102	840,151	36,897	SH		SOLE		28,523	0	8,374
Automatic Data Processing Inc	COM	053015103	2,745,807	9,380	SH		SOLE		4,035	0	5,345
AutoZone Inc	COM	053332102	8,597,370	2,683	SH		SOLE		2,287	0	396
Baker Hughes Co	COM	05722G100	5,543,320	135,136	SH		SOLE		124,113	0	11,023
Balchem Corp	COM	057665200	486,214	2,983	SH		SOLE		2,540	0	443
Bank of America Corporation	COM	060505104	4,246,826	96,628	SH		SOLE		76,858	0	19,770
Bank of New York Mellon Corp	COM	064058100	295,796	3,850	SH		SOLE		3,750	0	100
Blackstone Inc	COM	09260D107	2,142,491	12,426	SH		SOLE		12,426	0	0
Blue Owl Capital Corp - Class A	COM	09581B103	3,846,809	165,383	SH		SOLE		156,204	0	9,179
Boeing Co	COM	097023105	648,882	3,666	SH		SOLE		1,899	0	1,767
BP PLC	COM	055622104	224,922	7,609	SH		SOLE		7,609	0	0
BrightSpire Capital Inc	COM	10949T109	67,680	12,000	SH		SOLE		12,000	0	0
Bristol-Myers Squibb Company	COM	110122108	595,501	10,528	SH		SOLE		10,488	0	40
Broadcom Inc	COM	11135F101	14,474,691	62,433	SH		SOLE		37,653	0	24,780
Brookfield Real Assets Income Fund Inc - Shs Ben Int	COM	112830104	133,200	10,000	SH		SOLE		10,000	0	0
Capital One Financial Corp	COM	14040H105	624,120	3,500	SH		SOLE		3,500	0	0
Caterpillar Inc	COM	149123101	959,137	2,644	SH		SOLE		1,744	0	900
CBRE Group Inc	COM	12504L109	1,518,106	11,563	SH		SOLE		11,113	0	450
Charles Schwab Corp	COM	808513105	4,300,943	58,113	SH		SOLE		54,449	0	3,664
Chart Industries Inc	COM	16115Q308	10,820,819	56,700	SH		SOLE		50,214	0	6,486
Chevron Corp	COM	166764100	3,335,953	23,031	SH		SOLE		18,359	0	4,672
Chipotle Mexican Grill Inc	COM	169656105	9,141,359	151,597	SH		SOLE		130,455	0	21,142
Chubb Ltd	COM	H1467J104	475,489	1,720	SH		SOLE		1,720	0	0
Ciena Corp	COM	171779309	8,415,781	99,230	SH		SOLE		89,824	0	9,406
Cigna Corp	COM	125523100	223,950	811	SH		SOLE		441	0	370
Cisco Systems Inc	COM	17275R102	6,997,067	118,193	SH		SOLE		105,017	0	13,176
Coca-Cola Co	COM	191216100	274,753	4,413	SH		SOLE		1,813	0	2,600
Comcast Corp - Class A	COM	20030N101	430,469	11,469	SH		SOLE		8,070	0	3,399
Commercial Metals Co	COM	201723103	724,656	14,610	SH		SOLE		14,610	0	0
Communication Services Select Sector SPDR ETF	COM	81369Y852	6,976,516	72,064	SH		SOLE		0	0	72,064
ConocoPhillips	COM	20825C104	1,789,721	18,047	SH		SOLE		11,037	0	7,010
Consolidated Edison Inc	COM	209115104	241,456	2,706	SH		SOLE		2,706	0	0
Consumer Discretionary Select Sector SPDR ETF	COM	81369Y407	8,184,737	36,482	SH		SOLE		0	0	36,482
Consumer Staples Select Sector SPDR ETF	COM	81369Y308	3,829,958	48,721	SH		SOLE		0	0	48,721
Corning Inc	COM	219350105	456,905	9,615	SH		SOLE		6,740	0	2,875
Costco Wholesale Corp	COM	22160K105	1,849,033	2,018	SH		SOLE		1,523	0	495
Coterra Energy Inc	COM	127097103	257,648	10,088	SH		SOLE		3,196	0	6,892
CSW Industrials Inc	COM	126402106	1,133,194	3,212	SH		SOLE		3,212	0	0
CSX Corp	COM	126408103	8,257,709	255,893	SH		SOLE		221,464	0	34,429
CVS Health Corp	COM	126650100	390,820	8,706	SH		SOLE		8,381	0	325
Danaher Corp	COM	235851102	10,789,539	47,003	SH		SOLE		41,413	0	5,590
Devon Energy Corp	COM	25179M103	216,018	6,600	SH		SOLE		6,600	0	0
Digital Realty Trust Inc	COM	253868103	440,488	2,484	SH		SOLE		2,484	0	0
Dow Inc	COM	260557103	215,418	5,368	SH		SOLE		5,368	0	0
Duke Energy Corp	COM	26441C204	1,756,267	16,300	SH		SOLE		10,372	0	5,928
Eagle Point Credit Co LLC	COM	269808101	93,240	10,500	SH		SOLE		10,500	0	0
Eli Lilly and Co	COM	532457108	37,234,332	48,231	SH		SOLE		15,032	0	33,199
Emerson Electric Co	COM	291011104	1,314,592	10,607	SH		SOLE		9,257	0	1,350
Enbridge Inc	COM	29250N105	264,871	6,243	SH		SOLE		4,756	0	1,487
Energy Select Sector SPDR ETF	COM	81369Y506	3,257,478	38,028	SH		SOLE		0	0	38,028
Etfis Ser Tr I Virtus Infracap US Pfd Stk ETF	COM	26923G822	262,800	12,000	SH		SOLE		12,000	0	0
Extra Space Storage Inc	COM	30225T102	420,675	2,812	SH		SOLE		537	0	2,275
Exxon Mobil Corp	COM	30231G102	11,138,204	103,541	SH		SOLE		83,852	0	19,689
Financial Select Sector SPDR ETF	COM	81369Y605	10,240,885	211,895	SH		SOLE		0	0	211,895
Fluor Corporation	COM	343412102	7,909,942	160,380	SH		SOLE		142,513	0	17,867
GE Vernova Inc	COM	36828A101	291,761	887	SH		SOLE		195	0	692
Generac Holdings Inc	COM	368736104	3,482,268	22,459	SH		SOLE		20,807	0	1,652
General Electric Co	COM	369604301	636,304	3,815	SH		SOLE		1,037	0	2,778
Goldman Sachs Group Inc	COM	38141G104	4,396,576	7,678	SH		SOLE		7,234	0	444
Health Care Select Sector SPDR ETF	COM	81369Y209	7,880,422	57,283	SH		SOLE		0	0	57,283
Honeywell International Inc	COM	438516106	406,376	1,799	SH		SOLE		1,059	0	740
Hubbell Inc	COM	443510607	377,001	900	SH		SOLE		900	0	0
Illinois Tool Works Inc	COM	452308109	451,337	1,780	SH		SOLE		850	0	930
Illumina Inc	COM	452327109	2,291,086	17,145	SH		SOLE		16,006	0	1,139
Industrial Select Sector SPDR ETF	COM	81369Y704	6,560,594	49,792	SH		SOLE		0	0	49,792
International Business Machines Corp	COM	459200101	2,904,614	13,212	SH		SOLE		10,992	0	2,220
Intuitive Surgical Inc	COM	46120E602	36,694,310	70,301	SH		SOLE		331	0	69,970
Invesco Exchange-Traded Fd Tr II Cef Income Compos	COM	46138E404	300,889	15,704	SH		SOLE		15,704	0	0
Invesco QQQ Trust	COM	46090E103	1,592,481	3,115	SH		SOLE		305	0	2,810
ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND E	COM	464288646	1,115,738	21,581	SH		SOLE		0	0	21,581
iShares Core S&P Small-Cap	COM	464287804	486,113	4,219	SH		SOLE		0	0	4,219
ISHARES FLOATING RATE BOND ETF	COM	46429B655	7,428,022	145,991	SH		SOLE		0	0	145,991
iShares New York Muni Bond ETF	COM	464288323	534,861	10,050	SH		SOLE		10,050	0	0
ISHARES SHORT-TERM NATIONAL	COM	464288158	1,189,603	11,278	SH		SOLE		0	0	11,278
ISHARES TR S&P 500 GROWTH ETF	COM	464287309	299,514	2,950	SH		SOLE		0	0	2,950
ISHARES TRUST S&P	COM	464287200	456,227	775	SH		SOLE		0	0	775
Ishares U S Technology Etf	COM	464287721	740,173	4,640	SH		SOLE		0	0	4,640
JM Smucker Co	COM	832696405	764,233	6,940	SH		SOLE		6,940	0	0
Johnson & Johnson	COM	478160104	1,943,837	13,441	SH		SOLE		9,931	0	3,510
JPMorgan Chase & Co	COM	46625H100	17,380,931	72,508	SH		SOLE		58,563	0	13,945
KLA Corp	COM	482480100	13,360,434	21,203	SH		SOLE		19,530	0	1,673
Lennar Corp	COM	526057104	1,396,429	10,240	SH		SOLE		6,398	0	3,842
Lincoln Electric Holdings Inc	COM	533900106	4,655,817	24,834	SH		SOLE		21,696	0	3,138
Lockheed Martin Corp	COM	539830109	882,948	1,816	SH		SOLE		946	0	870
Marsh & Mclennan Companies Inc	COM	571748102	10,602,445	49,914	SH		SOLE		40,929	0	8,985
Mastercard Inc	COM	57636Q104	570,802	1,084	SH		SOLE		1,084	0	0
Materials Select Sector SPDR ETF	COM	81369Y100	1,075,141	12,778	SH		SOLE		0	0	12,778
McDonald's Corp	COM	580135101	5,054,864	17,436	SH		SOLE		15,311	0	2,125
Medtronic PLC	COM	G5960L103	8,261,589	103,425	SH		SOLE		1,638	0	101,787
Merck & Co Inc	COM	58933Y105	1,520,215	15,281	SH		SOLE		12,676	0	2,605
Meta Platforms Inc	COM	30303M102	8,085,893	13,810	SH		SOLE		11,937	0	1,873
Microsoft Corp	COM	594918104	37,196,945	88,248	SH		SOLE		72,084	0	16,164
Mondelez International Inc	COM	609207105	3,673,634	61,504	SH		SOLE		53,267	0	8,237
Morgan Stanley	COM	617446448	8,704,675	69,237	SH		SOLE		55,501	0	13,736
NextEra Energy Inc	COM	65339F101	383,828	5,354	SH		SOLE		4,554	0	800
Nike Inc	COM	654106103	335,748	4,437	SH		SOLE		1,525	0	2,912
Norfolk Southern Corp	COM	655844108	352,050	1,500	SH		SOLE		1,500	0	0
Northrop Grumman Corp	COM	666807102	1,038,069	2,212	SH		SOLE		2,137	0	75
Nucor Corp	COM	670346105	3,891,111	33,339	SH		SOLE		30,656	0	2,683
Nuveen AMT-Free Muni Credit Inc	COM	67071L106	128,730	10,500	SH		SOLE		10,500	0	0
Nuveen AMT-Free Quality Muni Inc	COM	670657105	269,254	23,870	SH		SOLE		23,870	0	0
Nuveen Muni High Inc Opp	COM	670682103	124,315	11,500	SH		SOLE		11,500	0	0
Nuveen Municipal Credit Income	COM	67070X101	127,785	10,500	SH		SOLE		10,500	0	0
Nuveen Municipal Value	COM	670928100	412,012	47,962	SH		SOLE		44,262	0	3,700
NVIDIA Corp	COM	67066G104	40,125,852	298,799	SH		SOLE		239,372	0	59,427
Oracle Corp	COM	68389X105	3,029,932	18,182	SH		SOLE		17,532	0	650
Orange County Bancorp Inc	COM	68417L107	33,463,365	602,184	SH		SOLE		0	0	602,184
Oshkosh Corp	COM	688239201	437,512	4,602	SH		SOLE		2,634	0	1,968
Pangaea Logistics Solution Ltd Shs	COM	G6891L105	123,280	23,000	SH		SOLE		23,000	0	0
PepsiCo Inc	COM	713448108	6,322,782	41,580	SH		SOLE		31,428	0	10,152
Pfizer Inc	COM	717081103	4,141,287	156,097	SH		SOLE		142,953	0	13,144
Phillips 66	COM	718546104	284,825	2,500	SH		SOLE		1,800	0	700
Platinum Group Metals Ltd	COM	72765Q882	16,832	13,150	SH		SOLE		0	0	13,150
PNC Financial Services Group Inc	COM	693475105	303,739	1,575	SH		SOLE		500	0	1,075
PPL Corp	COM	69351T106	215,048	6,625	SH		SOLE		5,825	0	800
Procter & Gamble Co	COM	742718109	3,232,193	19,279	SH		SOLE		15,279	0	4,000
Prologis Inc	COM	74340W103	6,137,101	58,060	SH		SOLE		51,222	0	6,838
QUALCOMM Inc	COM	747525103	245,792	1,600	SH		SOLE		1,600	0	0
Ready Capital Corp	COM	75574U101	107,074	15,700	SH		SOLE		15,700	0	0
Real Estate Select Sector SPDR	COM	81369Y860	980,513	24,109	SH		SOLE		0	0	24,109
ResMed Inc	COM	761152107	2,515,590	11,000	SH		SOLE		0	0	11,000
Rithm Capital Corp	COM	64828T201	190,608	17,600	SH		SOLE		17,600	0	0
RTX Corp	COM	75513E101	1,142,041	9,869	SH		SOLE		4,327	0	5,542
Salesforce Inc	COM	79466L302	12,200,036	36,491	SH		SOLE		31,003	0	5,488
Schlumberger Ltd	COM	806857108	3,487,100	90,951	SH		SOLE		83,395	0	7,556
ServiceNow Inc	COM	81762P102	222,625	210	SH		SOLE		210	0	0
Sherwin-Williams Co	COM	824348106	6,604,160	19,427	SH		SOLE		14,628	0	4,799
Southern Co	COM	842587107	1,669,450	20,280	SH		SOLE		20,280	0	0
SPDR S&P 500 ETF	COM	78462F103	13,490,976	23,019	SH		SOLE		150	0	22,869
SPDR S&P MidCap 400 ETF	COM	78467Y107	2,564,249	4,502	SH		SOLE		0	0	4,502
SPDR Portfolio Intermediate Term Corporate Bond ETF	COM	78464A375	40,453,457	1,234,843	SH		SOLE		0	0	1,234,843
SPDR Portfolio S&P 400 Mid Cap ETF	COM	78464A847	776,270	14,194	SH		SOLE		0	0	14,194
SPDR Portfolio S&P 500 Growth ETF	COM	78464A409	502,964	5,722	SH		SOLE		0	0	5,722
SPDR Portfolio S&P 500 Value ETF	COM	78464A508	396,846	7,760	SH		SOLE		0	0	7,760
SPDR Portfolio Short Term Corporate Bond ETF	COM	78464A474	31,307,882	1,048,489	SH		SOLE		0	0	1,048,489
SPDR Series Tr. Portfolio S&P 600 Small Cap ETF	COM	78468R853	4,842,825	107,810	SH		SOLE		0	0	107,810
Starbucks Corp	COM	855244109	5,941,498	65,112	SH		SOLE		56,353	0	8,759
Sunoco Lp Com Unit Repstg Ltd Partnership Int	COM	86765K109	618,823	12,030	SH		SOLE		12,030	0	0
Sysco Corp	COM	871829107	771,336	10,088	SH		SOLE		7,629	0	2,459
Technology Select Sector SPDR ETF	COM	81369Y803	21,161,180	91,008	SH		SOLE		0	0	91,008
Tesla Inc	COM	88160R101	556,895	1,379	SH		SOLE		1,379	0	0
Texas Instruments Inc	COM	882508104	206,261	1,100	SH		SOLE		1,100	0	0
The AES Corp	COM	00130H105	5,230,939	406,443	SH		SOLE		382,486	0	23,957
The Home Depot Inc	COM	437076102	9,831,575	25,274	SH		SOLE		18,334	0	6,940
The Trade Desk Inc Com Cl A	COM	88339J105	235,060	2,000	SH		SOLE		2,000	0	0
Thermo Fisher Scientific Inc	COM	883556102	10,577,079	20,331	SH		SOLE		16,496	0	3,835
United Rentals Inc	COM	911363109	9,542,344	13,545	SH		SOLE		11,552	0	1,993
UnitedHealth Group Inc	COM	91324P102	13,296,233	26,283	SH		SOLE		22,016	0	4,267
Utilities Select Sector SPDR ETF	COM	81369Y886	1,688,114	22,303	SH		SOLE		625	0	21,678
VANGUARD INDEX FD S&P 500 ETF	COM	922908363	223,606	415	SH		SOLE		0	0	415
Verizon Communications Inc	COM	92343V104	1,059,247	26,487	SH		SOLE		22,108	0	4,379
Visa Inc	COM	92826C839	11,993,718	37,949	SH		SOLE		30,661	0	7,288
W.W. Grainger Inc	COM	384802104	7,852,673	7,449	SH		SOLE		6,763	0	686
Walgreen Boots Alliance Inc	COM	931427108	105,242	11,280	SH		SOLE		11,280	0	0
Walmart Inc	COM	931142103	3,532,734	39,100	SH		SOLE		24,070	0	15,030
Walt Disney Co	COM	254687106	603,072	5,416	SH		SOLE		4,086	0	1,330
Webster Financial Corp	COM	947890109	2,553,594	46,244	SH		SOLE		46,244	0	0
Wells Fargo & Co	COM	949746101	204,750	2,915	SH		SOLE		2,335	0	580
Weyerhaeuser Co	COM	962166104	3,326,035	118,153	SH		SOLE		106,689	0	11,464
XPO Inc	COM	983793100	262,300	2,000	SH		SOLE		2,000	0	0