King Wealth Management Group Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
IVV	Buy	ISHARES TR IVVcore s&p500 etf	$62,049	-1.5%	144,491	+2.2%	13.08%	+2.7%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$41,655	-3.8%	116,266	-0.8%	8.78%	+0.3%
MSFT	Sell	MICROSOFT CORP	$25,741	-7.7%	81,523	-0.5%	5.43%	-3.8%
SPY	Sell	SPDR S&P 500 ETF TR SPYtr unit	$22,403	-3.8%	52,408	-0.2%	4.72%	+0.3%
AAPL	Sell	APPLE INC	$20,531	-12.1%	119,916	-0.4%	4.33%	-8.3%
IJH	Buy	ISHARES TR IJHcore s&p mcp etf	$17,742	-3.4%	71,153	+1.3%	3.74%	+0.7%
V	Buy	VISA INC	$16,184	-2.9%	70,361	+0.3%	3.41%	+1.3%
IJR	Buy	ISHARES TR IJRcore s&p scp etf	$15,459	-3.9%	163,879	+1.5%	3.26%	+0.3%
UNH	Sell	UNITEDHEALTH GROUP INC	$14,359	+3.0%	28,480	-1.8%	3.03%	+7.5%
MCD	Buy	MCDONALDS CORP	$12,633	-10.5%	47,956	+1.4%	2.66%	-6.6%
JPM	Buy	JPMORGAN CHASE & CO	$11,401	+0.4%	78,616	+0.7%	2.40%	+4.7%
NVDA	Sell	NVIDIA CORPORATION	$10,830	+2.4%	24,896	-0.4%	2.28%	+6.8%
LLY	Sell	ELI LILLY & CO	$9,783	-2.6%	18,214	-15.0%	2.06%	+1.6%
ITOT	Sell	ISHARES TR ITOTcore s&p ttl stk	$8,945	-4.4%	94,972	-0.7%	1.88%	-0.4%
JNJ	Buy	JOHNSON & JOHNSON	$8,321	-5.2%	53,426	+0.7%	1.75%	-1.1%
FTEC	Sell	FIDELITY COVINGTON TR FTECmsci info tech i	$8,103	-8.0%	65,916	-2.2%	1.71%	-4.0%
IBB	Sell	ISHARES TR IBBishares biotech	$8,028	-16.1%	65,645	-12.9%	1.69%	-12.5%
LMT	Buy	LOCKHEED MARTIN CORP	$7,707	-9.2%	18,844	+2.2%	1.62%	-5.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$7,222	-0.3%	18,241	-1.0%	1.52%	+4.0%
IEFA	Buy	ISHARES TR IEFAcore msci eafe	$7,143	-4.5%	111,008	+0.2%	1.51%	-0.3%
COST	Buy	COSTCO WHSL CORP NEW	$6,753	+6.7%	11,953	+1.7%	1.42%	+11.3%
GOOGL	Buy	ALPHABET INC GOOGLcap stk cl a	$6,199	+15.2%	47,370	+5.4%	1.31%	+20.1%
WMT	Buy	WALMART INC	$6,063	+5.9%	37,908	+4.1%	1.28%	+10.5%
DIA	Sell	SPDR DOW JONES INDL AV DIAut ser 1	$5,883	-5.4%	17,565	-2.9%	1.24%	-1.4%
XLE	Buy	SELECT SECTOR SPDR TR XLEenergy	$5,755	+16.0%	63,673	+4.1%	1.21%	+20.9%
PEP	Buy	PEPSICO INC	$5,665	-3.9%	33,431	+5.0%	1.19%	+0.2%
DKS	Buy	DICKS SPORTING GOODS INC	$5,107	-13.8%	47,032	+4.9%	1.08%	-10.2%
VOE	Buy	VANGUARD INDEX FDS VOEmcap vl idxvip	$4,902	-4.8%	37,429	+0.6%	1.03%	-0.7%
IEMG	Buy	ISHARES INC IEMGcore msci emkt	$4,587	-3.2%	96,391	+0.2%	0.97%	+0.9%
HD	Buy	HOME DEPOT INC	$4,564	+1.9%	15,104	+4.7%	0.96%	+6.2%
AMZN	Buy	AMAZON COM INC	$4,166	+8.9%	32,772	+11.7%	0.88%	+13.6%
IJJ	Sell	ISHARES TR IJJs&p mc 400vl etf	$4,057	-7.2%	40,191	-1.5%	0.86%	-3.3%
VO	Buy	VANGUARD INDEX FDS VOmid cap etf	$3,675	-5.4%	17,648	+0.0%	0.78%	-1.3%
PG	Sell	PROCTER AND GAMBLE CO	$3,470	-8.6%	23,793	-4.9%	0.73%	-4.7%
XOM	Sell	EXXON MOBIL CORP	$2,970	+9.6%	25,260	-0.0%	0.63%	+14.2%
LQD	Sell	ISHARES TR LQDiboxx inv cp etf	$2,396	-12.6%	23,485	-7.4%	0.50%	-8.8%
SHY	Sell	ISHARES TR SHY1 3 yr treas bd	$2,234	-15.3%	27,585	-15.3%	0.47%	-11.6%
VTV	Buy	VANGUARD INDEX FDS VTVvalue etf	$2,159	+13.1%	15,655	+16.6%	0.46%	+17.9%
BX	Buy	BLACKSTONE INC	$2,027	+15.2%	18,921	+0.0%	0.43%	+20.3%
AMGN	Sell	AMGEN INC	$2,004	+17.8%	7,455	-2.7%	0.42%	+22.7%
CI	Sell	THE CIGNA GROUP	$1,750	-11.7%	6,116	-13.4%	0.37%	-8.0%
AGG	Sell	ISHARES TR AGGcore us aggbd et	$1,551	-10.7%	16,497	-6.9%	0.33%	-6.8%
CVX	Buy	CHEVRON CORP NEW	$1,499	+113.2%	8,891	+99.0%	0.32%	+122.5%
ANTM	Buy	ELEVANCE HEALTH INC	$1,434	+13.5%	3,293	+15.8%	0.30%	+18.4%
IJS	Sell	ISHARES TR IJSsp smcp600vl etf	$1,397	-8.2%	15,659	-2.2%	0.29%	-4.5%
FBND	Sell	FIDELITY MERRIMACK FBNDtotal bd etf	$1,379	-13.7%	31,656	-10.0%	0.29%	-9.9%
PFF	Sell	ISHARES TR PFFpfd and incm sec	$1,260	-2.9%	41,806	-0.3%	0.27%	+1.5%
IEF	Sell	ISHARES TR IEFA7-10 yr trsy bd	$1,207	-8.6%	13,177	-3.7%	0.25%	-4.9%
XLV	Sell	SELECT SECTOR SPDR TR XLVsbi healthcare	$1,018	-4.1%	7,904	-1.2%	0.22%	0.0%
ABT	Sell	ABBOTT LABS	$1,020	-14.0%	10,535	-3.1%	0.22%	-10.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$996	-14.3%	30,721	-1.7%	0.21%	-10.6%
VRP	Sell	INVESCO EXCH TRADED FD TR VRPvar rate pfd	$982	0.0%	43,908	-0.5%	0.21%	+4.5%
CAT	Sell	CATERPILLAR INC	$858	+10.6%	3,144	-0.3%	0.18%	+15.3%
ORCL	Sell	ORACLE CORP	$839	-11.3%	7,918	-0.3%	0.18%	-7.3%
DG	Buy	DOLLAR GEN CORP NEW	$831	-37.1%	7,857	+0.9%	0.18%	-34.5%
MRK	Buy	MERCK & CO INC	$766	-9.6%	7,440	+1.3%	0.16%	-5.8%
BLK	Sell	BLACKROCK INC	$735	-28.4%	1,136	-23.6%	0.16%	-25.5%
VOO	Buy	VANGUARD INDEX FDS VOO	$698	+118.8%	1,778	+127.1%	0.15%	+129.7%
BND	Sell	VANGUARD BD INDEX FDS BNDtotal bnd mrkt	$633	-8.9%	9,069	-5.1%	0.13%	-5.0%
NVO	Sell	NOVO-NORDISK A Sadr	$589	-55.9%	6,481	-21.5%	0.12%	-54.1%
KO	Buy	COCA COLA CO	$577	+3.4%	10,302	+11.1%	0.12%	+8.0%
TSLA	Buy	TESLA INC	$581	-3.6%	2,323	+0.9%	0.12%	0.0%
WM	Buy	WASTE MGMT INC DEL	$550	-11.7%	3,609	+0.5%	0.12%	-7.9%
PFE	Sell	PFIZER INC	$541	-10.1%	16,298	-0.7%	0.11%	-6.6%
TIP	Sell	ISHARES TR TIPtips bd etf	$490	-6.8%	4,720	-3.4%	0.10%	-2.8%
FB	New	META PLATFORMS INCcl a	$473	–	1,575	–	0.10%	–
VUG	Sell	VANGUARD INDEX FDS VUGgrowth etf	$468	-27.4%	1,718	-24.7%	0.10%	-23.8%
T	Sell	AT&T INC	$457	-12.3%	30,457	-6.7%	0.10%	-8.6%
VXF	Buy	VANGUARD INDEX FDS VXFextend mkt etf	$444	-3.5%	3,099	+0.2%	0.09%	+1.1%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$443	-16.1%	2,843	-3.5%	0.09%	-13.1%
NXPI	Sell	NXP SEMICONDUCTORS N V	$422	-3.4%	2,113	-1.0%	0.09%	+1.1%
ET	Buy	ENERGY TRANSFER L P	$423	+11.3%	30,170	+0.7%	0.09%	+15.6%
TJX	Buy	TJX COS INC NEW	$407	+6.3%	4,577	+1.4%	0.09%	+11.7%
ABBV	Sell	ABBVIE INC	$397	+0.8%	2,663	-8.8%	0.08%	+5.0%
CVS	Sell	CVS HEALTH CORP	$378	-26.3%	5,416	-27.1%	0.08%	-23.1%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$377	-8.5%	6,501	+0.9%	0.08%	-4.8%
SDY	Buy	SPDR SER TR SDYs&p divid etf	$370	+14.2%	3,214	+21.5%	0.08%	+20.0%
MS	Sell	MORGAN STANLEY	$371	-5.8%	4,545	-1.5%	0.08%	-2.5%
NVS	Buy	NOVARTIS AGsponsored adr	$351	+12.1%	3,450	+11.3%	0.07%	+17.5%
RTX	Sell	RTX CORPORATION	$353	-27.5%	4,903	-1.3%	0.07%	-24.5%
JNK	Sell	SPDR SER TR JNKbloomberg high y	$330	-6.0%	3,648	-4.4%	0.07%	-1.4%
	Buy	GENERAL ELECTRIC CO	$330	+3.8%	2,988	+3.2%	0.07%	+9.4%
DUK	Buy	DUKE ENERGY CORP NEW	$334	-1.5%	3,783	+0.0%	0.07%	+1.4%
TLT	Sell	ISHARES TR TLT20 yr tr bd etf	$326	-19.1%	3,673	-6.1%	0.07%	-14.8%
MTB	Sell	M & T BK CORP	$311	0.0%	2,461	-2.1%	0.07%	+4.8%
SNOW	Sell	SNOWFLAKE INCcl a	$306	-64.6%	2,000	-59.3%	0.06%	-62.9%
CSCO	Sell	CISCO SYS INC	$302	+3.1%	5,618	-0.6%	0.06%	+8.5%
GOOG	Buy	ALPHABET INC GOOGcap stk cl c	$304	+9.4%	2,305	+0.4%	0.06%	+14.3%
DIS	Sell	DISNEY WALT CO	$299	-47.2%	3,684	-41.9%	0.06%	-44.7%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$295	-13.2%	3,395	+0.6%	0.06%	-10.1%
TRST	Buy	TRUSTCO BK CORP N Y	$289	-4.6%	10,585	+0.1%	0.06%	0.0%
AROW	Buy	ARROW FINL CORP	$286	+1.4%	16,808	+19.9%	0.06%	+5.3%
BAC	Sell	BANK AMERICA CORP	$287	-4.7%	10,466	-0.2%	0.06%	-1.6%
MO	Buy	ALTRIA GROUP INC	$274	-4.2%	6,522	+3.5%	0.06%	0.0%
AMD	Buy	ADVANCED MICRO DEVICES INC	$272	-6.8%	2,641	+3.1%	0.06%	-3.4%
NEE	Buy	NEXTERA ENERGY INC	$268	-21.9%	4,679	+1.2%	0.06%	-18.8%
IWD	Sell	ISHARES TR IWDrus 1000 val etf	$258	-9.8%	1,701	-6.1%	0.05%	-6.9%
SO	Sell	SOUTHERN CO	$240	-8.0%	3,706	-0.1%	0.05%	-3.8%
IWB	Buy	ISHARES TR IWBrus 1000 etf	$236	+5.8%	1,003	+9.6%	0.05%	+11.1%
GBAB	Sell	GUGGENHEIM TAXABLE MUNICP BO	$235	-6.0%	15,138	-1.4%	0.05%	-2.0%
WDFC	Buy	WD 40 CO	$232	+7.4%	1,144	+0.1%	0.05%	+11.4%
VBR	Buy	VANGUARD INDEX FDS VBRsm cp val etf	$233	+5.9%	1,464	+10.2%	0.05%	+11.4%
AVGO	Sell	BROADCOM INC	$224	-8.2%	269	-4.6%	0.05%	-4.1%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$224	–	2,578	–	0.05%	–
MDLZ	New	MONDELEZ INTL INCcl a	$202	–	2,913	–	0.04%	–
ETB	Buy	EATON VANCE TAX MNGED ETB	$188	-9.2%	14,916	+0.2%	0.04%	-4.8%
F	Sell	FORD MTR CO DEL	$130	-17.7%	10,432	-0.3%	0.03%	-15.6%
PAVM	Buy	PAVMED INC	$16	+77.8%	54,500	+147.7%	0.00%	+50.0%
PAYX	Exit	PAYCHEX INC	$0	–	-1,825	–	-0.04%	–
TGT	Exit	TARGET CORP	$0	–	-1,547	–	-0.04%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,739	–	-0.04%	–
NBO	Exit	NEUBERGER BERMAN N Y MUN NBO	$0	–	-22,190	–	-0.04%	–
IWR	Exit	ISHARES TR IWRetf	$0	–	-2,885	–	-0.04%	–
XLK	Exit	SELECT SECTOR SPDR TR XLKetf	$0	–	-1,344	–	-0.05%	–
CRM	Exit	SALESFORCE INC	$0	–	-1,464	–	-0.06%	–
FXI	Exit	ISHARES TR FXIetf	$0	–	-16,662	–	-0.09%	–

Q2 2023

			Value		Shares		↓ Weighting
IVV	New	ISHARES TR IVVetf	$62,990	–	141,325	–	12.73%	–
QQQ	New	INVESCO QQQ TRetf	$43,304	–	117,221	–	8.75%	–
MSFT	New	MICROSOFT CORP	$27,900	–	81,929	–	5.64%	–
AAPL	New	APPLE INC	$23,355	–	120,407	–	4.72%	–
SPY	New	SPDR S&P 500 ETF TR SPYetf	$23,284	–	52,526	–	4.71%	–
IJH	New	ISHARES TR IJHetf	$18,374	–	70,270	–	3.71%	–
V	New	VISA INC	$16,665	–	70,176	–	3.37%	–
IJR	New	ISHARES TR IJRetf	$16,083	–	161,395	–	3.25%	–
MCD	New	MCDONALDS CORP	$14,108	–	47,277	–	2.85%	–
UNH	New	UNITEDHEALTH GROUP INC	$13,939	–	29,001	–	2.82%	–
JPM	New	JPMORGAN CHASE & CO	$11,357	–	78,086	–	2.30%	–
NVDA	New	NVIDIA CORPORATION	$10,578	–	25,005	–	2.14%	–
LLY	New	LILLY ELI & CO	$10,044	–	21,416	–	2.03%	–
IBB	New	ISHARES TR IBBetf	$9,564	–	75,334	–	1.93%	–
ITOT	New	ISHARES TR ITOTetf	$9,361	–	95,681	–	1.89%	–
FTEC	New	FIDELITY COVINGTON TR FTECetf	$8,806	–	67,408	–	1.78%	–
JNJ	New	JOHNSON & JOHNSON	$8,780	–	53,043	–	1.77%	–
LMT	New	LOCKHEED MARTIN CORP	$8,490	–	18,441	–	1.72%	–
IEFA	New	ISHARES TR IEFAetf	$7,476	–	110,750	–	1.51%	–
MA	New	MASTERCARD INCORPORATEDcl a	$7,243	–	18,416	–	1.46%	–
COST	New	COSTCO WHSL CORP NEW	$6,326	–	11,750	–	1.28%	–
DIA	New	SPDR DOW JONES INDL DIAetf	$6,220	–	18,091	–	1.26%	–
DKS	New	DICKS SPORTING GOODS INC	$5,927	–	44,837	–	1.20%	–
PEP	New	PEPSICO INC	$5,896	–	31,833	–	1.19%	–
WMT	New	WALMART INC	$5,725	–	36,421	–	1.16%	–
GOOGL	New	ALPHABET INC GOOGLcap stk cl a	$5,381	–	44,956	–	1.09%	–
VOE	New	VANGUARD INDEX FDS VOEetf	$5,148	–	37,201	–	1.04%	–
XLE	New	SELECT SECTOR SPDR TR XLEetf	$4,963	–	61,140	–	1.00%	–
IEMG	New	ISHARES INC IEMGetf	$4,740	–	96,169	–	0.96%	–
HD	New	HOME DEPOT INC	$4,481	–	14,425	–	0.91%	–
IJJ	New	ISHARES TR IJJetf	$4,373	–	40,820	–	0.88%	–
VO	New	VANGUARD INDEX FDS VOetf	$3,884	–	17,643	–	0.78%	–
AMZN	New	AMAZON COM INC	$3,826	–	29,352	–	0.77%	–
PG	New	PROCTER AND GAMBLE CO	$3,797	–	25,024	–	0.77%	–
LQD	New	ISHARES TR LQDetf	$2,742	–	25,356	–	0.55%	–
XOM	New	EXXON MOBIL CORP	$2,710	–	25,268	–	0.55%	–
SHY	New	ISHARES TR SHYetf	$2,639	–	32,553	–	0.53%	–
CI	New	THE CIGNA GROUP	$1,983	–	7,066	–	0.40%	–
VTV	New	VANGUARD INDEX FDS VTVetf	$1,909	–	13,432	–	0.39%	–
BX	New	BLACKSTONE INC	$1,759	–	18,918	–	0.36%	–
AGG	New	ISHARES TR AGGetf	$1,736	–	17,724	–	0.35%	–
AMGN	New	AMGEN INC	$1,701	–	7,660	–	0.34%	–
FBND	New	FIDELITY MERRIMACK STR FBNDetf	$1,598	–	35,172	–	0.32%	–
IJS	New	ISHARES TR IJSetf	$1,522	–	16,005	–	0.31%	–
UNP	New	UNION PAC CORP	$1,356	–	6,629	–	0.27%	–
NVO	New	NOVO-NORDISK A Sadr	$1,336	–	8,258	–	0.27%	–
DG	New	DOLLAR GEN CORP NEW	$1,322	–	7,784	–	0.27%	–
IEF	New	ISHARES TR IEFAetf	$1,321	–	13,678	–	0.27%	–
PFF	New	ISHARES TR PFFetf	$1,297	–	41,949	–	0.26%	–
ANTM	New	ELEVANCE HEALTH INC	$1,263	–	2,843	–	0.26%	–
VTI	New	VANGUARD INDEX FDS VTIetf	$1,190	–	5,400	–	0.24%	–
ABT	New	ABBOTT LABS	$1,186	–	10,877	–	0.24%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,162	–	31,257	–	0.24%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$1,104	–	5,000	–	0.22%	–
XLV	New	SELECT SECTOR SPDR TR XLVetf	$1,062	–	8,003	–	0.22%	–
GIS	New	GENERAL MLS INC	$1,046	–	13,634	–	0.21%	–
BLK	New	BLACKROCK INC	$1,027	–	1,486	–	0.21%	–
VRP	New	INVESCO EXCH TRADED FD TR VRPetf	$982	–	44,130	–	0.20%	–
IVE	New	ISHARES TR IVEetf	$963	–	5,973	–	0.20%	–
ORCL	New	ORACLE CORP	$946	–	7,940	–	0.19%	–
SNOW	New	SNOWFLAKE INCcl a	$865	–	4,916	–	0.18%	–
MRK	New	MERCK & CO INC	$847	–	7,341	–	0.17%	–
CAT	New	CATERPILLAR INC	$776	–	3,153	–	0.16%	–
DRI	New	DARDEN RESTAURANTS INC	$747	–	4,470	–	0.15%	–
CVX	New	CHEVRON CORP NEW	$703	–	4,468	–	0.14%	–
BND	New	VANGUARD BD INDEX FDS BNDetf	$695	–	9,557	–	0.14%	–
HON	New	HONEYWELL INTL INC	$683	–	3,293	–	0.14%	–
VUG	New	VANGUARD INDEX FDS VUGetf	$645	–	2,281	–	0.13%	–
WM	New	WASTE MGMT INC DEL	$623	–	3,592	–	0.13%	–
AWR	New	AMER STATES WTR CO	$609	–	7,000	–	0.12%	–
TSLA	New	TESLA INC	$603	–	2,303	–	0.12%	–
PFE	New	PFIZER INC	$602	–	16,411	–	0.12%	–
DIS	New	DISNEY WALT CO	$566	–	6,336	–	0.11%	–
KO	New	COCA COLA CO	$558	–	9,270	–	0.11%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$540	–	4,035	–	0.11%	–
BGNE	New	BEIGENE LTDadr	$535	–	3,000	–	0.11%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$528	–	2,946	–	0.11%	–
TIP	New	ISHARES TR TIPetf	$526	–	4,885	–	0.11%	–
T	New	AT&T INC	$521	–	32,645	–	0.10%	–
BXMT	New	BLACKSTONE MTG TR INC	$520	–	25,000	–	0.10%	–
NVRO	New	NEVRO CORP	$513	–	20,200	–	0.10%	–
CVS	New	CVS HEALTH CORP	$513	–	7,427	–	0.10%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$514	–	19,526	–	0.10%	–
IWF	New	ISHARES TR IWFetf	$498	–	1,808	–	0.10%	–
INGR	New	INGREDION INC	$490	–	4,625	–	0.10%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$487	–	4,969	–	0.10%	–
ETN	New	EATON CORP PLC	$465	–	2,312	–	0.09%	–
VXF	New	VANGUARD INDEX FDS VXFetf	$460	–	3,092	–	0.09%	–
FXI	New	ISHARES TR FXIetf	$453	–	16,662	–	0.09%	–
HUM	New	HUMANA INC	$447	–	1,000	–	0.09%	–
NXPI	New	NXP SEMICONDUCTORS N V	$437	–	2,135	–	0.09%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$412	–	6,442	–	0.08%	–
TLT	New	ISHARES TR TLTetf	$403	–	3,912	–	0.08%	–
MS	New	MORGAN STANLEY	$394	–	4,613	–	0.08%	–
ABBV	New	ABBVIE INC	$394	–	2,921	–	0.08%	–
BA	New	BOEING CO	$386	–	1,829	–	0.08%	–
ET	New	ENERGY TRANSFER L P	$380	–	29,955	–	0.08%	–
TJX	New	TJX COS INC NEW	$383	–	4,514	–	0.08%	–
GS	New	GOLDMAN SACHS GROUP INC	$355	–	1,100	–	0.07%	–
JNK	New	SPDR SER TR JNKetf	$351	–	3,817	–	0.07%	–
WEN	New	WENDYS CO	$343	–	15,758	–	0.07%	–
NEE	New	NEXTERA ENERGY INC	$343	–	4,624	–	0.07%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDads	$340	–	3,374	–	0.07%	–
DUK	New	DUKE ENERGY CORP NEW	$339	–	3,782	–	0.07%	–
MSTR	New	MICROSTRATEGY INCcl a new	$334	–	974	–	0.07%	–
PTGX	New	PROTAGONIST THERAPEUTICS INC	$331	–	12,000	–	0.07%	–
SDY	New	SPDR SER TR SDYetf	$324	–	2,645	–	0.06%	–
	New	GENERAL ELECTRIC CO	$318	–	2,896	–	0.06%	–
VOO	New	VANGUARD INDEX FDS VOOetf	$319	–	783	–	0.06%	–
NVS	New	NOVARTIS AGadr	$313	–	3,100	–	0.06%	–
MTB	New	M & T BK CORP	$311	–	2,515	–	0.06%	–
OEF	New	ISHARES TR OEFetf	$307	–	1,484	–	0.06%	–
CRM	New	SALESFORCE INC	$309	–	1,464	–	0.06%	–
TRST	New	TRUSTCO BK CORP N Y	$303	–	10,579	–	0.06%	–
BAC	New	BANK AMERICA CORP	$301	–	10,483	–	0.06%	–
VLO	New	VALERO ENERGY CORP	$298	–	2,542	–	0.06%	–
CSCO	New	CISCO SYS INC	$293	–	5,653	–	0.06%	–
AMD	New	ADVANCED MICRO DEVICES INC	$292	–	2,561	–	0.06%	–
GH	New	GUARDANT HEALTH INC	$286	–	8,000	–	0.06%	–
IWD	New	ISHARES TR IWDetf	$286	–	1,811	–	0.06%	–
TU	New	TELUS CORPORATION	$285	–	14,670	–	0.06%	–
MO	New	ALTRIA GROUP INC	$286	–	6,303	–	0.06%	–
AROW	New	ARROW FINL CORP	$282	–	14,015	–	0.06%	–
GOOG	New	ALPHABET INC GOOGcap stk cl c	$278	–	2,295	–	0.06%	–
SO	New	SOUTHERN CO	$261	–	3,709	–	0.05%	–
CASY	New	CASEYS GEN STORES INC	$256	–	1,050	–	0.05%	–
GBAB	New	GUGGENHEIM TAXABLE MUNICP BO	$250	–	15,349	–	0.05%	–
DOW	New	DOW INC	$252	–	4,730	–	0.05%	–
AVGO	New	BROADCOM INC	$244	–	282	–	0.05%	–
XLK	New	SELECT SECTOR SPDR TR XLKetf	$234	–	1,344	–	0.05%	–
AME	New	AMETEK INC	$221	–	1,365	–	0.04%	–
COP	New	CONOCOPHILLIPS	$222	–	2,146	–	0.04%	–
IWB	New	ISHARES TR IWBetf	$223	–	915	–	0.04%	–
VBR	New	VANGUARD INDEX FDS VBRetf	$220	–	1,329	–	0.04%	–
WDFC	New	WD 40 CO	$216	–	1,143	–	0.04%	–
NBO	New	NEUBERGER BERMAN N Y MUN NBO	$211	–	22,190	–	0.04%	–
IWR	New	ISHARES TR IWRetf	$211	–	2,885	–	0.04%	–
ETB	New	EATON VANCE TAX MNGED BUY ETB	$207	–	14,893	–	0.04%	–
QCOM	New	QUALCOMM INC	$207	–	1,739	–	0.04%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$207	–	25,000	–	0.04%	–
TGT	New	TARGET CORP	$204	–	1,547	–	0.04%	–
PAYX	New	PAYCHEX INC	$204	–	1,825	–	0.04%	–
DHR	New	DANAHER CORPORATION	$200	–	834	–	0.04%	–
F	New	FORD MTR CO DEL	$158	–	10,459	–	0.03%	–
AGI	New	ALAMOS GOLD INC NEW	$119	–	10,000	–	0.02%	–
	New	OSISKO DEVELOPMENT CORP	$77	–	16,667	–	0.02%	–
	New	SKEENA RES LTD NEW	$48	–	10,000	–	0.01%	–
	New	DAKOTA GOLD CORP	$38	–	13,000	–	0.01%	–
PAVM	New	PAVMED INC	$9	–	22,000	–	0.00%	–
ZYNE	New	ZYNERBA PHARMACEUTICALS INC	$5	–	16,000	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
CFMS	Exit	CONFORMIS INC	$0	–	-25,000	–	-0.00%	–
ZYNE	Exit	ZYNERBA PHARMACEUTICALS INC	$0	–	-16,000	–	-0.00%	–
PAVM	Exit	PAVMED INC	$0	–	-20,000	–	-0.00%	–
	Exit	DAKOTA GOLD CORP	$0	–	-13,000	–	-0.01%	–
	Exit	SKEENA RES LTD NEW	$0	–	-10,000	–	-0.01%	–
	Exit	OSISKO DEVELOPMENT CORP	$0	–	-20,000	–	-0.02%	–
AGI	Exit	ALAMOS GOLD INC NEW	$0	–	-16,000	–	-0.03%	–
F	Exit	FORD MTR CO DEL	$0	–	-11,411	–	-0.03%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-23,800	–	-0.04%	–
SPDN	Exit	DIREXION SHS ETF TRdly s&p500 br 1x	$0	–	-10,000	–	-0.04%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-10,584	–	-0.04%	–
PTGX	Exit	PROTAGONIST THERAPEUTICS INC	$0	–	-22,000	–	-0.05%	–
KEY	Exit	KEYCORP	$0	–	-11,893	–	-0.05%	–
VTV	Exit	VANGUARD INDEX FDS VTVvalue etf	$0	–	-1,671	–	-0.05%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,463	–	-0.05%	–
CWB	Exit	SPDR SER TR CWBbbg conv sec etf	$0	–	-3,254	–	-0.05%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-5,000	–	-0.05%	–
DOW	Exit	DOW INC	$0	–	-4,730	–	-0.05%	–
MSTR	Exit	MICROSTRATEGY INCcl a new	$0	–	-974	–	-0.05%	–
ETB	Exit	EATON VANCE TAX MNGED BUY WR	$0	–	-16,152	–	-0.05%	–
CASY	Exit	CASEYS GEN STORES INC	$0	–	-1,050	–	-0.05%	–
BA	Exit	BOEING CO	$0	–	-1,849	–	-0.06%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-1,085	–	-0.06%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-890	–	-0.06%	–
NBO	Exit	NEUBERGER BERMAN N Y MUN NBO	$0	–	-24,790	–	-0.06%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,782	–	-0.06%	–
WDFC	Exit	WD 40 CO	$0	–	-1,317	–	-0.06%	–
GMED	Exit	GLOBUS MED INCcl a	$0	–	-4,000	–	-0.06%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUN GBAB	$0	–	-15,590	–	-0.06%	–
OEF	Exit	ISHARES TR OEFs&p 100 etf	$0	–	-1,484	–	-0.06%	–
SO	Exit	SOUTHERN CO	$0	–	-3,709	–	-0.06%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-3,773	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,403	–	-0.07%	–
TGT	Exit	TARGET CORP	$0	–	-1,790	–	-0.07%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-25,000	–	-0.07%	–
IWD	Exit	ISHARES TR IWDrus 1000 val etf	$0	–	-1,994	–	-0.07%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-2,542	–	-0.07%	–
TJX	Exit	TJX COS INC NEW	$0	–	-4,446	–	-0.07%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-3,398	–	-0.07%	–
OFIX	Exit	ORTHOFIX MED INC	$0	–	-15,000	–	-0.07%	–
TU	Exit	TELUS CORPORATION	$0	–	-14,520	–	-0.07%	–
SDY	Exit	SPDR SER TR SDYs&p divid etf	$0	–	-2,645	–	-0.08%	–
ETN	Exit	EATON CORP PLC	$0	–	-2,288	–	-0.08%	–
LYFT	Exit	LYFT INC	$0	–	-24,140	–	-0.08%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-7,000	–	-0.08%	–
WEN	Exit	WENDYS CO	$0	–	-17,169	–	-0.08%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-3,982	–	-0.08%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-29,536	–	-0.08%	–
TRST	Exit	TRUSTCO BK CORP N Y	$0	–	-10,565	–	-0.08%	–
MS	Exit	MORGAN STANLEY	$0	–	-4,291	–	-0.09%	–
GLPG	Exit	GALAPAGOS NVspon adr	$0	–	-8,000	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,200	–	-0.09%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,778	–	-0.09%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,568	–	-0.09%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,695	–	-0.09%	–
VXF	Exit	VANGUARD INDEX FDS VXFextend mkt etf	$0	–	-2,877	–	-0.09%	–
INGR	Exit	INGREDION INC	$0	–	-4,625	–	-0.10%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,607	–	-0.10%	–
AROW	Exit	ARROW FINL CORP	$0	–	-13,209	–	-0.10%	–
IWF	Exit	ISHARES TR IWFrus 1000 grw etf	$0	–	-1,808	–	-0.10%	–
VUG	Exit	VANGUARD INDEX FDS VUGgrowth etf	$0	–	-1,795	–	-0.10%	–
TLT	Exit	ISHARES TR TLT20 yr tr bd etf	$0	–	-3,882	–	-0.10%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-7,400	–	-0.10%	–
JNK	Exit	SPDR SER TR JNKbloomberg high y	$0	–	-4,681	–	-0.10%	–
HDB	Exit	HDFC BANK LTDsponsored ads	$0	–	-7,000	–	-0.10%	–
MTB	Exit	M & T BK CORP	$0	–	-2,515	–	-0.11%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,275	–	-0.11%	–
KLAC	Exit	KLA CORP	$0	–	-1,500	–	-0.12%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-2,859	–	-0.12%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-19,526	–	-0.12%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-15,466	–	-0.12%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-2,199	–	-0.12%	–
HUM	Exit	HUMANA INC	$0	–	-1,000	–	-0.12%	–
T	Exit	AT&T INC	$0	–	-32,645	–	-0.13%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,980	–	-0.13%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,203	–	-0.14%	–
TIP	Exit	ISHARES TR TIPtips bd etf	$0	–	-5,158	–	-0.14%	–
CAT	Exit	CATERPILLAR INC	$0	–	-3,303	–	-0.14%	–
AWR	Exit	AMER STATES WTR CO	$0	–	-7,000	–	-0.14%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-1,500	–	-0.14%	–
FXI	Exit	ISHARES TR FXIchina lg-cap etf	$0	–	-21,666	–	-0.14%	–
IVE	Exit	ISHARES TR IVEs&p 500 val etf	$0	–	-4,423	–	-0.14%	–
KO	Exit	COCA COLA CO	$0	–	-10,104	–	-0.14%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-3,587	–	-0.15%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-4,693	–	-0.15%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-5,091	–	-0.15%	–
TSLA	Exit	TESLA INC	$0	–	-2,415	–	-0.16%	–
MRK	Exit	MERCK & CO INC	$0	–	-7,504	–	-0.16%	–
PFE	Exit	PFIZER INC	$0	–	-15,820	–	-0.18%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-4,709	–	-0.18%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,217	–	-0.20%	–
BND	Exit	VANGUARD BD INDEX FDS BNDtotal bnd mrkt	$0	–	-11,824	–	-0.21%	–
CRM	Exit	SALESFORCE INC	$0	–	-6,062	–	-0.22%	–
ANTM	Exit	ELEVANCE HEALTH INC	$0	–	-1,943	–	-0.22%	–
GIS	Exit	GENERAL MLS INC	$0	–	-12,534	–	-0.24%	–
VTI	Exit	VANGUARD INDEX FDS VTItotal stk mkt	$0	–	-5,400	–	-0.25%	–
MINT	Exit	PIMCO ETF TR MINTenhan shrt ma ac	$0	–	-9,791	–	-0.25%	–
ABT	Exit	ABBOTT LABS	$0	–	-10,112	–	-0.25%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,803	–	-0.25%	–
VRP	Exit	INVESCO EXCH TRADED FD VRPvar rate pfd	$0	–	-46,527	–	-0.26%	–
NVRO	Exit	NEVRO CORP	$0	–	-22,000	–	-0.26%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,303	–	-0.26%	–
ORCL	Exit	ORACLE CORP	$0	–	-16,910	–	-0.26%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-5,000	–	-0.27%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-11,077	–	-0.28%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-32,747	–	-0.32%	–
UNP	Exit	UNION PAC CORP	$0	–	-6,629	–	-0.33%	–
PFF	Exit	ISHARES TR PFFpfd and incm sec	$0	–	-41,895	–	-0.34%	–
IEF	Exit	ISHARES TR IEF7-10 yr trsy bd	$0	–	-14,015	–	-0.34%	–
IJS	Exit	ISHARES TR IJSsp smcp600vl etf	$0	–	-17,381	–	-0.36%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-39,000	–	-0.38%	–
BX	Exit	BLACKSTONE INC	$0	–	-18,796	–	-0.40%	–
AMGN	Exit	AMGEN INC	$0	–	-6,997	–	-0.40%	–
FBND	Exit	FIDELITY MERRIMACK FBNDtotal bd etf	$0	–	-37,552	–	-0.42%	–
ACRE	Exit	ARES COML REAL ESTATE CORP	$0	–	-160,958	–	-0.43%	–
AGG	Exit	ISHARES TR AGGcore us aggbd et	$0	–	-18,941	–	-0.46%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-7,711	–	-0.47%	–
CI	Exit	CIGNA CORP NEW	$0	–	-7,016	–	-0.50%	–
LQD	Exit	ISHARES TR LQDiboxx inv cp etf	$0	–	-26,010	–	-0.68%	–
SHY	Exit	ISHARES TR SHY1 3 yr treas bd	$0	–	-33,999	–	-0.70%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-24,008	–	-0.74%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-25,110	–	-0.81%	–
AMZN	Exit	AMAZON COM INC	$0	–	-31,803	–	-0.91%	–
IEMG	Exit	ISHARES INC IEMGcore msci emkt	$0	–	-89,692	–	-0.98%	–
HD	Exit	HOME DEPOT INC	$0	–	-14,091	–	-0.99%	–
XLE	Exit	SELECT SECTOR SPDR TR XLEenergy	$0	–	-55,818	–	-1.02%	–
IJJ	Exit	ISHARES TR IJJs&p mc 400vl etf	$0	–	-44,768	–	-1.02%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-44,927	–	-1.20%	–
WMT	Exit	WALMART INC	$0	–	-36,851	–	-1.22%	–
PEP	Exit	PEPSICO INC	$0	–	-29,446	–	-1.22%	–
DIA	Exit	SPDR DOW JONES INDL AV DIAut ser 1	$0	–	-17,947	–	-1.31%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-10,948	–	-1.31%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-18,254	–	-1.32%	–
LLY	Exit	LILLY ELI & CO	$0	–	-18,328	–	-1.51%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-63,519	–	-1.54%	–
IEFA	Exit	ISHARES TR IEFAcore msci eafe	$0	–	-118,905	–	-1.59%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-17,849	–	-1.75%	–
ITOT	Exit	ISHARES TR ITOTcore s&p ttl stk	$0	–	-95,993	–	-1.94%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-77,982	–	-2.07%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-51,855	–	-2.15%	–
IBB	Exit	ISHARES TR IBBishares biotech	$0	–	-75,128	–	-2.23%	–
FTEC	Exit	FIDELITY COVINGTON TR FTECmsci info tech i	$0	–	-101,313	–	-2.34%	–
MCD	Exit	MCDONALDS CORP	$0	–	-46,547	–	-2.73%	–
V	Exit	VISA INC	$0	–	-69,869	–	-3.15%	–
IJR	Exit	ISHARES TR IJRcore s&p scp etf	$0	–	-156,779	–	-3.47%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-27,386	–	-3.52%	–
AAPL	Exit	APPLE INC	$0	–	-120,275	–	-4.22%	–
IJH	Exit	ISHARES TR IJHcore s&p mcp etf	$0	–	-78,321	–	-4.36%	–
SPY	Exit	SPDR S&P 500 ETF TR SPYtr unit	$0	–	-49,777	–	-4.52%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-83,702	–	-4.95%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-120,055	–	-8.15%	–
IVV	Exit	ISHARES TR IVVcore s&p500 etf	$0	–	-130,194	–	-11.87%	–

Q3 2022

			Value		Shares		↓ Weighting
IVV	Buy	ISHARES TR IVVcore s&p500 etf	$46,694,000	-2.8%	130,194	+2.8%	11.87%	+3.2%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$32,086,000	-5.2%	120,055	-0.6%	8.15%	+0.7%
MSFT	Buy	MICROSOFT CORP	$19,494,000	-9.1%	83,702	+0.2%	4.95%	-3.5%
SPY	Buy	SPDR S&P 500 ETF TR SPYtr unit	$17,779,000	-5.1%	49,777	+0.2%	4.52%	+0.7%
IJH	Buy	ISHARES TR IJHcore s&p mcp etf	$17,173,000	-1.4%	78,321	+1.8%	4.36%	+4.7%
AAPL	Sell	APPLE INC	$16,622,000	+1.0%	120,275	-0.0%	4.22%	+7.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$13,831,000	-1.5%	27,386	+0.2%	3.52%	+4.6%
IJR	Buy	ISHARES TR IJRcore s&p scp etf	$13,670,000	-4.6%	156,779	+1.1%	3.47%	+1.3%
V	Buy	VISA INC	$12,412,000	-9.1%	69,869	+0.7%	3.15%	-3.5%
MCD	Buy	MCDONALDS CORP	$10,740,000	-6.1%	46,547	+0.4%	2.73%	-0.4%
FTEC	Sell	FIDELITY COVINGTON TR FTECmsci info tech i	$9,212,000	-7.9%	101,313	-2.3%	2.34%	-2.2%
IBB	Sell	ISHARES TR IBBishares biotech	$8,787,000	-1.3%	75,128	-0.7%	2.23%	+4.8%
JNJ	Buy	JOHNSON & JOHNSON	$8,471,000	-7.6%	51,855	+0.4%	2.15%	-1.9%
JPM	Buy	JPMORGAN CHASE & CO	$8,149,000	-6.5%	77,982	+0.7%	2.07%	-0.8%
ITOT	Buy	ISHARES TR ITOTcore s&p ttl stk	$7,635,000	-4.3%	95,993	+0.8%	1.94%	+1.5%
LMT	Buy	LOCKHEED MARTIN CORP	$6,895,000	-8.3%	17,849	+2.1%	1.75%	-2.7%
IEFA	Sell	ISHARES TR IEFAcore msci eafe	$6,263,000	-11.6%	118,905	-1.2%	1.59%	-6.1%
GOOGL	Buy	ALPHABET INCcap stk cl a	$6,076,000	-2.4%	63,519	+2122.5%	1.54%	+3.6%
LLY	Buy	LILLY ELI & CO	$5,926,000	+16.6%	18,328	+16.9%	1.51%	+23.7%
MA	Buy	MASTERCARD INCORPORATEDcl a	$5,190,000	-8.0%	18,254	+2.1%	1.32%	-2.3%
COST	Buy	COSTCO WHSL CORP NEW	$5,170,000	+1.7%	10,948	+3.2%	1.31%	+8.0%
DIA	Buy	SPDR DOW JONES INDL AV DIAut ser 1	$5,156,000	-6.5%	17,947	+0.2%	1.31%	-0.8%
PEP	Buy	PEPSICO INC	$4,807,000	+2.6%	29,446	+4.8%	1.22%	+9.0%
WMT	Sell	WALMART INC	$4,780,000	+4.2%	36,851	-2.4%	1.22%	+10.6%
DKS	Sell	DICKS SPORTING GOODS INC	$4,701,000	+31.4%	44,927	-5.3%	1.20%	+39.6%
IJJ	Buy	ISHARES TR IJJs&p mc 400vl etf	$4,029,000	-0.3%	44,768	+4.5%	1.02%	+5.8%
XLE	Buy	SELECT SECTOR SPDR TR XLEenergy	$4,020,000	+4.9%	55,818	+4.1%	1.02%	+11.3%
HD	Buy	HOME DEPOT INC	$3,888,000	+2.2%	14,091	+1.6%	0.99%	+8.6%
IEMG	Buy	ISHARES INC IEMGcore msci emkt	$3,855,000	-11.9%	89,692	+0.5%	0.98%	-6.5%
AMZN	Buy	AMAZON COM INC	$3,594,000	+6.7%	31,803	+0.3%	0.91%	+13.3%
PG	Sell	PROCTER AND GAMBLE CO	$3,170,000	-12.2%	25,110	-0.0%	0.81%	-6.8%
NVDA	Sell	NVIDIA CORPORATION	$2,914,000	-63.9%	24,008	-54.9%	0.74%	-61.7%
SHY	Sell	ISHARES TR SHY1 3 yr treas bd	$2,761,000	-4.3%	33,999	-2.4%	0.70%	+1.6%
LQD	Sell	ISHARES TR LQDiboxx inv cp etf	$2,665,000	-8.7%	26,010	-1.9%	0.68%	-3.1%
CI	Sell	CIGNA CORP NEW	$1,947,000	+3.3%	7,016	-1.9%	0.50%	+9.8%
DG	Buy	DOLLAR GEN CORP NEW	$1,850,000	-2.2%	7,711	+0.0%	0.47%	+3.8%
AGG	Sell	ISHARES TR AGGcore us aggbd et	$1,825,000	-8.9%	18,941	-3.9%	0.46%	-3.3%
ACRE	Buy	ARES COML REAL ESTATE CORP	$1,682,000	-11.8%	160,958	+3.2%	0.43%	-6.6%
FBND	Sell	FIDELITY MERRIMACK FBNDtotal bd etf	$1,668,000	-6.8%	37,552	-2.3%	0.42%	-0.9%
AMGN	Buy	AMGEN INC	$1,577,000	-4.8%	6,997	+2.7%	0.40%	+1.0%
BX	Buy	BLACKSTONE INC	$1,573,000	-8.2%	18,796	+0.0%	0.40%	-2.4%
SNY	New	SANOFIsponsored adr	$1,483,000	–	39,000	–	0.38%	–
IJS	Buy	ISHARES TR IJSsp smcp600vl etf	$1,433,000	-3.6%	17,381	+4.1%	0.36%	+2.2%
IEF	Buy	ISHARES TR IEF7-10 yr trsy bd	$1,345,000	-5.7%	14,015	+0.5%	0.34%	0.0%
PFF	Sell	ISHARES TR PFFpfd and incm sec	$1,327,000	-4.5%	41,895	-0.9%	0.34%	+1.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,243,000	-25.9%	32,747	-1.0%	0.32%	-21.4%
NVO	Buy	NOVO-NORDISK A Sadr	$1,104,000	+23.1%	11,077	+37.7%	0.28%	+30.7%
UTHR	Sell	UNITED THERAPEUTICS CORP DEL	$1,047,000	-26.0%	5,000	-16.7%	0.27%	-21.5%
ORCL	Buy	ORACLE CORP	$1,033,000	+7.8%	16,910	+23.4%	0.26%	+14.8%
AVGO	Buy	BROADCOM INC	$1,023,000	-7.8%	2,303	+0.9%	0.26%	-1.9%
NVRO	Sell	NEVRO CORP	$1,025,000	-13.4%	22,000	-18.5%	0.26%	-8.1%
VRP	Sell	INVESCO EXCH TRADED FD VRPvar rate pfd	$1,019,000	-2.4%	46,527	-1.1%	0.26%	+3.6%
ABT	Buy	ABBOTT LABS	$978,000	-9.2%	10,112	+2.0%	0.25%	-3.5%
MINT	Sell	PIMCO ETF TR MINTenhan shrt ma ac	$968,000	-1.0%	9,791	-0.8%	0.25%	+5.1%
CRM	Sell	SALESFORCE INC	$872,000	-18.1%	6,062	-6.0%	0.22%	-12.9%
BND	Sell	VANGUARD BD INDEX FDS BNDtotal bnd mrkt	$843,000	-7.4%	11,824	-2.2%	0.21%	-1.8%
DIS	Sell	DISNEY WALT CO	$775,000	-7.6%	8,217	-7.6%	0.20%	-2.0%
NXPI	Buy	NXP SEMICONDUCTORS N V	$695,000	+73.3%	4,709	+73.9%	0.18%	+84.4%
PFE	Buy	PFIZER INC	$692,000	-16.0%	15,820	+0.7%	0.18%	-10.7%
MRK	Buy	MERCK & CO INC	$646,000	-3.0%	7,504	+2.8%	0.16%	+3.1%
TSLA	Buy	TESLA INC	$641,000	+18.3%	2,415	+200.0%	0.16%	+25.4%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$605,000	+52.4%	5,091	+81.0%	0.15%	+62.1%
DRI	Sell	DARDEN RESTAURANTS INC	$593,000	+11.3%	4,693	-0.4%	0.15%	+18.0%
WM	Sell	WASTE MGMT INC DEL	$575,000	+3.6%	3,587	-1.2%	0.15%	+9.8%
FXI	Sell	ISHARES TR FXIchina lg-cap etf	$560,000	-29.4%	21,666	-7.4%	0.14%	-25.3%
CAT	Buy	CATERPILLAR INC	$542,000	-8.1%	3,303	+0.1%	0.14%	-2.1%
TIP	Sell	ISHARES TR TIPtips bd etf	$541,000	-9.8%	5,158	-2.1%	0.14%	-4.9%
XOM	Sell	EXXON MOBIL CORP	$522,000	-34.7%	5,980	-35.9%	0.13%	-30.4%
T	Sell	AT&T INC	$501,000	-28.0%	32,645	-1.6%	0.13%	-24.0%
BAC	Sell	BK OF AMERICA CORP	$467,000	-11.6%	15,466	-8.8%	0.12%	-5.6%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$446,000	-7.7%	6,275	+0.0%	0.11%	-2.6%
JNK	Sell	SPDR SER TR JNKbloomberg high y	$411,000	-3.5%	4,681	-0.3%	0.10%	+2.0%
TLT	Buy	ISHARES TR TLT20 yr tr bd etf	$398,000	-8.9%	3,882	+2.0%	0.10%	-3.8%
VUG	Sell	VANGUARD INDEX FDS VUGgrowth etf	$385,000	-4.0%	1,795	-0.3%	0.10%	+2.1%
AROW	Buy	ARROW FINL CORP	$381,000	-6.6%	13,209	+3.0%	0.10%	-1.0%
CVX	Buy	CHEVRON CORP NEW	$375,000	+5.9%	2,607	+6.5%	0.10%	+11.8%
VXF	Buy	VANGUARD INDEX FDS VXFextend mkt etf	$366,000	-2.7%	2,877	+0.2%	0.09%	+3.3%
ABBV	Buy	ABBVIE INC	$362,000	-4.2%	2,695	+9.1%	0.09%	+2.2%
DUK	Buy	DUKE ENERGY CORP NEW	$351,000	-13.3%	3,778	+0.0%	0.09%	-8.2%
MS	Buy	MORGAN STANLEY	$339,000	+10.1%	4,291	+6.0%	0.09%	+16.2%
TRST	Buy	TRUSTCO BK CORP N Y	$332,000	+1.8%	10,565	+0.0%	0.08%	+7.7%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$326,000	-14.7%	3,982	+0.1%	0.08%	-8.8%
AMAT	Buy	APPLIED MATLS INC	$278,000	-7.3%	3,398	+3.1%	0.07%	-1.4%
TJX	Sell	TJX COS INC NEW	$276,000	+7.0%	4,446	-3.7%	0.07%	+12.9%
TGT	Buy	TARGET CORP	$266,000	+5.1%	1,790	+0.1%	0.07%	+11.5%
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$259,000	–	3,773	–	0.07%	–
SO	Sell	SOUTHERN CO	$252,000	-16.0%	3,709	-11.9%	0.06%	-11.1%
GBAB	Buy	GUGGENHEIM TAXABLE MUN GBAB	$240,000	-13.4%	15,590	+0.1%	0.06%	-7.6%
CSCO	Sell	CISCO SYS INC	$231,000	-10.8%	5,782	-4.7%	0.06%	-4.8%
ALGN	Buy	ALIGN TECHNOLOGY INC	$225,000	-10.0%	1,085	+2.8%	0.06%	-5.0%
BA	Sell	BOEING CO	$224,000	-13.8%	1,849	-2.6%	0.06%	-8.1%
ETB	Buy	EATON VANCE TAX MNGED BUY WR	$213,000	-12.3%	16,152	+0.1%	0.05%	-6.9%
CASY	New	CASEYS GEN STORES INC	$213,000	–	1,050	–	0.05%	–
MSTR	New	MICROSTRATEGY INCcl a new	$207,000	–	974	–	0.05%	–
NKE	Sell	NIKE INCcl b	$205,000	-21.8%	2,463	-3.9%	0.05%	-17.5%
ARCC	New	ARES CAPITAL CORP	$179,000	–	10,584	–	0.04%	–
TGTX	Sell	TG THERAPEUTICS INC	$141,000	+15.6%	23,800	-17.4%	0.04%	+24.1%
F	Buy	FORD MTR CO DEL	$128,000	+0.8%	11,411	+0.0%	0.03%	+10.0%
AGI	Buy	ALAMOS GOLD INC NEW	$119,000	+54.5%	16,000	+45.5%	0.03%	+66.7%
	Buy	OSISKO DEVELOPMENT CORP	$91,000	+46.8%	20,000	+53.9%	0.02%	+53.3%
	New	SKEENA RES LTD NEW	$47,000	–	10,000	–	0.01%	–
PAVM	Buy	PAVMED INC	$17,000	0.0%	20,000	+11.1%	0.00%	0.0%
CHRS	Exit	COHERUS BIOSCIENCES INC	$0	–	-10,100	–	-0.02%	–
ALT	Exit	ALTIMMUNE INC	$0	–	-10,000	–	-0.03%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-1,800	–	-0.05%	–
GLD	Exit	SPDR GOLD TR GLD	$0	–	-1,263	–	-0.05%	–
L	Exit	LOEWS CORP	$0	–	-3,869	–	-0.06%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-2,976	–	-0.06%	–
NUVA	Exit	NUVASIVE INC	$0	–	-5,000	–	-0.06%	–
UTL	Exit	UNITIL CORP	$0	–	-4,196	–	-0.06%	–
OHI	Exit	OMEGA HEALTHCARE INVS INC	$0	–	-10,799	–	-0.07%	–
ESTA	Exit	ESTABLISHMENT LABS HLDGS INC	$0	–	-7,000	–	-0.09%	–
TBPH	Exit	THERAVANCE BIOPHARMA INC	$0	–	-45,000	–	-0.10%	–
	Exit	GLOBALFOUNDRIES INCordinary shares	$0	–	-10,247	–	-0.10%	–
GMAB	Exit	GENMAB A/Ssponsored ads	$0	–	-16,897	–	-0.13%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-3,703	–	-0.14%	–
TEAM	Exit	ATLASSIAN CORP PLCcl a	$0	–	-4,365	–	-0.20%	–

Q2 2022

			Value		Shares		↓ Weighting
IVV	New	ISHARES TR IVVcore s&p500 etf	$48,015,000	–	126,637	–	11.50%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$33,836,000	–	120,723	–	8.10%	–
MSFT	New	MICROSOFT CORP	$21,444,000	–	83,496	–	5.13%	–
SPY	New	SPDR S&P 500 ETF TR SPYtr unit	$18,739,000	–	49,672	–	4.49%	–
IJH	New	ISHARES TR IJHcore s&p mcp etf	$17,409,000	–	76,950	–	4.17%	–
AAPL	New	APPLE INC	$16,450,000	–	120,317	–	3.94%	–
IJR	New	ISHARES TR IJRcore s&p scp etf	$14,326,000	–	155,025	–	3.43%	–
UNH	New	UNITEDHEALTH GROUP INC	$14,044,000	–	27,343	–	3.36%	–
V	New	VISA INC	$13,658,000	–	69,371	–	3.27%	–
MCD	New	MCDONALDS CORP	$11,442,000	–	46,348	–	2.74%	–
FTEC	New	FIDELITY COVINGTON TRUST FTECmsci info tech i	$10,002,000	–	103,652	–	2.39%	–
JNJ	New	JOHNSON & JOHNSON	$9,167,000	–	51,640	–	2.20%	–
IBB	New	ISHARES TR IBBishares biotech	$8,900,000	–	75,667	–	2.13%	–
JPM	New	JPMORGAN CHASE & CO	$8,718,000	–	77,422	–	2.09%	–
NVDA	New	NVIDIA CORPORATION	$8,066,000	–	53,209	–	1.93%	–
ITOT	New	ISHARES TR ITOTcore s&p ttl stk	$7,982,000	–	95,276	–	1.91%	–
LMT	New	LOCKHEED MARTIN CORP	$7,518,000	–	17,486	–	1.80%	–
IEFA	New	ISHARES TR IEFAcore msci eafe	$7,081,000	–	120,329	–	1.70%	–
GOOGL	New	ALPHABET INC GOOGLcap stk cl a	$6,228,000	–	2,858	–	1.49%	–
MA	New	MASTERCARD INCORPORATEDcl a	$5,639,000	–	17,875	–	1.35%	–
DIA	New	SPDR DOW JONES INDL AV DIAut ser 1	$5,516,000	–	17,919	–	1.32%	–
LLY	New	LILLY ELI & CO	$5,083,000	–	15,678	–	1.22%	–
COST	New	COSTCO WHSL CORP NEW	$5,082,000	–	10,604	–	1.22%	–
PEP	New	PEPSICO INC	$4,683,000	–	28,100	–	1.12%	–
WMT	New	WALMART INC	$4,589,000	–	37,745	–	1.10%	–
IEMG	New	ISHARES INC IEMGcore msci emkt	$4,378,000	–	89,245	–	1.05%	–
IJJ	New	ISHARES TR IJJs&p mc 400vl etf	$4,043,000	–	42,825	–	0.97%	–
XLE	New	SELECT SECTOR SPDR TR XLEenergy	$3,833,000	–	53,602	–	0.92%	–
HD	New	HOME DEPOT INC	$3,803,000	–	13,865	–	0.91%	–
PG	New	PROCTER AND GAMBLE CO	$3,612,000	–	25,120	–	0.86%	–
DKS	New	DICKS SPORTING GOODS INC	$3,577,000	–	47,457	–	0.86%	–
AMZN	New	AMAZON COM INC	$3,367,000	–	31,700	–	0.81%	–
LQD	New	ISHARES TR LQDiboxx inv cp etf	$2,919,000	–	26,527	–	0.70%	–
SHY	New	ISHARES TR SHY1 3 yr treas bd	$2,885,000	–	34,851	–	0.69%	–
AGG	New	ISHARES TR AGGcore us aggbd et	$2,004,000	–	19,706	–	0.48%	–
ACRE	New	ARES COML REAL ESTATE CORP	$1,907,000	–	155,958	–	0.46%	–
DG	New	DOLLAR GEN CORP NEW	$1,892,000	–	7,710	–	0.45%	–
CI	New	CIGNA CORP NEW	$1,885,000	–	7,155	–	0.45%	–
FBND	New	FIDELITY MERRIMACK STR FBNDtotal bd etf	$1,789,000	–	38,453	–	0.43%	–
BX	New	BLACKSTONE INC	$1,714,000	–	18,791	–	0.41%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,678,000	–	33,072	–	0.40%	–
AMGN	New	AMGEN INC	$1,657,000	–	6,810	–	0.40%	–
IJS	New	ISHARES TR IJSsp smcp600vl etf	$1,487,000	–	16,700	–	0.36%	–
IEF	New	ISHARES TR IEF7-10 yr trsy bd	$1,427,000	–	13,949	–	0.34%	–
UNP	New	UNION PAC CORP	$1,414,000	–	6,629	–	0.34%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$1,414,000	–	6,000	–	0.34%	–
PFF	New	ISHARES TR PFFpfd and incm sec	$1,390,000	–	42,274	–	0.33%	–
NVRO	New	NEVRO CORP	$1,183,000	–	27,000	–	0.28%	–
AVGO	New	BROADCOM INC	$1,109,000	–	2,283	–	0.26%	–
BLK	New	BLACKROCK INC	$1,098,000	–	1,803	–	0.26%	–
ABT	New	ABBOTT LABS	$1,077,000	–	9,910	–	0.26%	–
CRM	New	SALESFORCE INC	$1,065,000	–	6,450	–	0.26%	–
VRP	New	INVESCO EXCH TRADED FD TR VRPvar rate pfd	$1,044,000	–	47,027	–	0.25%	–
VTI	New	VANGUARD INDEX FDS VTItotal stk mkt	$1,019,000	–	5,400	–	0.24%	–
MINT	New	PIMCO ETF TR MINTenhan shrt ma ac	$978,000	–	9,865	–	0.23%	–
ORCL	New	ORACLE CORP	$958,000	–	13,706	–	0.23%	–
GIS	New	GENERAL MLS INC	$946,000	–	12,534	–	0.23%	–
ANTM	New	ELEVANCE HEALTH INC	$938,000	–	1,943	–	0.22%	–
BND	New	VANGUARD BD INDEX FDS BNDtotal bnd mrkt	$910,000	–	12,087	–	0.22%	–
NVO	New	NOVO-NORDISK A Sadr	$897,000	–	8,047	–	0.22%	–
DIS	New	DISNEY WALT CO	$839,000	–	8,891	–	0.20%	–
PFE	New	PFIZER INC	$824,000	–	15,716	–	0.20%	–
TEAM	New	ATLASSIAN CORP PLCcl a	$818,000	–	4,365	–	0.20%	–
XOM	New	EXXON MOBIL CORP	$799,000	–	9,330	–	0.19%	–
FXI	New	ISHARES TR FXIchina lg-cap etf	$793,000	–	23,386	–	0.19%	–
T	New	AT&T INC	$696,000	–	33,189	–	0.17%	–
MRK	New	MERCK & CO INC	$666,000	–	7,301	–	0.16%	–
LRCX	New	LAM RESEARCH CORP	$639,000	–	1,500	–	0.15%	–
KO	New	COCA COLA CO	$636,000	–	10,104	–	0.15%	–
IVE	New	ISHARES TR IVEs&p 500 val etf	$608,000	–	4,423	–	0.15%	–
TIP	New	ISHARES TR TIPtips bd etf	$600,000	–	5,270	–	0.14%	–
FB	New	META PLATFORMS INCcl a	$597,000	–	3,703	–	0.14%	–
CAT	New	CATERPILLAR INC	$590,000	–	3,301	–	0.14%	–
AWR	New	AMER STATES WTR CO	$571,000	–	7,000	–	0.14%	–
EL	New	LAUDER ESTEE COS INCcl a	$560,000	–	2,199	–	0.13%	–
WM	New	WASTE MGMT INC DEL	$555,000	–	3,630	–	0.13%	–
HON	New	HONEYWELL INTL INC	$557,000	–	3,203	–	0.13%	–
GMAB	New	GENMAB A/Ssponsored ads	$549,000	–	16,897	–	0.13%	–
TSLA	New	TESLA INC	$542,000	–	805	–	0.13%	–
DRI	New	DARDEN RESTAURANTS INC	$533,000	–	4,713	–	0.13%	–
BAC	New	BK OF AMERICA CORP	$528,000	–	16,966	–	0.13%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$522,000	–	2,859	–	0.12%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$489,000	–	7,400	–	0.12%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$483,000	–	6,273	–	0.12%	–
KLAC	New	KLA CORP	$479,000	–	1,500	–	0.12%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$476,000	–	19,526	–	0.11%	–
HUM	New	HUMANA INC	$468,000	–	1,000	–	0.11%	–
GLPG	New	GALAPAGOS NVspon adr	$446,000	–	8,000	–	0.11%	–
TLT	New	ISHARES TR TLT20 yr tr bd etf	$437,000	–	3,806	–	0.10%	–
JNK	New	SPDR SER TR JNKbloomberg high y	$426,000	–	4,693	–	0.10%	–
	New	GLOBALFOUNDRIES INCordinary shares	$413,000	–	10,247	–	0.10%	–
AROW	New	ARROW FINL CORP	$408,000	–	12,828	–	0.10%	–
INGR	New	INGREDION INC	$408,000	–	4,625	–	0.10%	–
TBPH	New	THERAVANCE BIOPHARMA INC	$408,000	–	45,000	–	0.10%	–
DUK	New	DUKE ENERGY CORP NEW	$405,000	–	3,777	–	0.10%	–
NXPI	New	NXP SEMICONDUCTORS N V	$401,000	–	2,708	–	0.10%	–
MTB	New	M & T BK CORP	$401,000	–	2,515	–	0.10%	–
VUG	New	VANGUARD INDEX FDS VUGgrowth etf	$401,000	–	1,800	–	0.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$397,000	–	2,812	–	0.10%	–
IWF	New	ISHARES TR IWFrus 1000 grw etf	$395,000	–	1,808	–	0.10%	–
EHC	New	ENCOMPASS HEALTH CORP	$392,000	–	7,000	–	0.09%	–
HDB	New	HDFC BANK LTDsponsored ads	$385,000	–	7,000	–	0.09%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$382,000	–	3,980	–	0.09%	–
ESTA	New	ESTABLISHMENT LABS HLDGS INC	$381,000	–	7,000	–	0.09%	–
VXF	New	VANGUARD INDEX FDS VXFextend mkt etf	$376,000	–	2,870	–	0.09%	–
ABBV	New	ABBVIE INC	$378,000	–	2,470	–	0.09%	–
NEE	New	NEXTERA ENERGY INC	$354,000	–	4,568	–	0.08%	–
OFIX	New	ORTHOFIX MED INC	$353,000	–	15,000	–	0.08%	–
GS	New	GOLDMAN SACHS GROUP INC	$356,000	–	1,200	–	0.08%	–
CVX	New	CHEVRON CORP NEW	$354,000	–	2,447	–	0.08%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$336,000	–	25,000	–	0.08%	–
TRST	New	TRUSTCO BK CORP N Y	$326,000	–	10,561	–	0.08%	–
TU	New	TELUS CORPORATION	$324,000	–	14,520	–	0.08%	–
WEN	New	WENDYS CO	$324,000	–	17,169	–	0.08%	–
LYFT	New	LYFT INC	$321,000	–	24,140	–	0.08%	–
SDY	New	SPDR SER TR SDYs&p divid etf	$314,000	–	2,645	–	0.08%	–
MS	New	MORGAN STANLEY	$308,000	–	4,049	–	0.07%	–
OHI	New	OMEGA HEALTHCARE INVS INC	$304,000	–	10,799	–	0.07%	–
SO	New	SOUTHERN CO	$300,000	–	4,209	–	0.07%	–
AMAT	New	APPLIED MATLS INC	$300,000	–	3,297	–	0.07%	–
ET	New	ENERGY TRANSFER L P	$295,000	–	29,536	–	0.07%	–
ETN	New	EATON CORP PLC	$288,000	–	2,288	–	0.07%	–
IWD	New	ISHARES TR IWDrus 1000 val etf	$289,000	–	1,994	–	0.07%	–
GBAB	New	GUGGENHEIM TAXABLE MUNICP BO	$277,000	–	15,576	–	0.07%	–
VLO	New	VALERO ENERGY CORP	$270,000	–	2,542	–	0.06%	–
MO	New	ALTRIA GROUP INC	$267,000	–	6,403	–	0.06%	–
WDFC	New	WD 40 CO	$265,000	–	1,317	–	0.06%	–
NKE	New	NIKE INCcl b	$262,000	–	2,562	–	0.06%	–
TJX	New	TJX COS INC NEW	$258,000	–	4,616	–	0.06%	–
CSCO	New	CISCO SYS INC	$259,000	–	6,064	–	0.06%	–
BA	New	BOEING CO	$260,000	–	1,899	–	0.06%	–
OEF	New	ISHARES TR OEFs&p 100 etf	$256,000	–	1,484	–	0.06%	–
TGT	New	TARGET CORP	$253,000	–	1,789	–	0.06%	–
ALGN	New	ALIGN TECHNOLOGY INC	$250,000	–	1,055	–	0.06%	–
UTL	New	UNITIL CORP	$246,000	–	4,196	–	0.06%	–
NUVA	New	NUVASIVE INC	$246,000	–	5,000	–	0.06%	–
NBO	New	NEUBERGER BERMAN N Y MUN FD	$245,000	–	24,790	–	0.06%	–
DOW	New	DOW INC	$244,000	–	4,730	–	0.06%	–
ETB	New	EATON VANCE TAX MNGED BUY WR	$243,000	–	16,139	–	0.06%	–
AMD	New	ADVANCED MICRO DEVICES INC	$228,000	–	2,976	–	0.06%	–
L	New	LOEWS CORP	$229,000	–	3,869	–	0.06%	–
DHR	New	DANAHER CORPORATION	$226,000	–	890	–	0.05%	–
GMED	New	GLOBUS MED INCcl a	$225,000	–	4,000	–	0.05%	–
TOL	New	TOLL BROTHERS INC	$223,000	–	5,000	–	0.05%	–
VTV	New	VANGUARD INDEX FDS VTVvalue etf	$220,000	–	1,671	–	0.05%	–
GLD	New	SPDR GOLD TR GLD	$213,000	–	1,263	–	0.05%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$214,000	–	1,800	–	0.05%	–
CWB	New	SPDR SER TR CWBbbg conv sec etf	$210,000	–	3,254	–	0.05%	–
KEY	New	KEYCORP	$205,000	–	11,893	–	0.05%	–
PTGX	New	PROTAGONIST THERAPEUTICS INC	$174,000	–	22,000	–	0.04%	–
SPDN	New	DIREXION SHS ETF TRdly s&p500 br 1x	$170,000	–	10,000	–	0.04%	–
F	New	FORD MTR CO DEL	$127,000	–	11,406	–	0.03%	–
TGTX	New	TG THERAPEUTICS INC	$122,000	–	28,800	–	0.03%	–
ALT	New	ALTIMMUNE INC	$117,000	–	10,000	–	0.03%	–
AGI	New	ALAMOS GOLD INC NEW	$77,000	–	11,000	–	0.02%	–
CHRS	New	COHERUS BIOSCIENCES INC	$73,000	–	10,100	–	0.02%	–
	New	OSISKO DEVELOPMENT CORP	$62,000	–	12,999	–	0.02%	–
	New	DAKOTA GOLD CORP	$44,000	–	13,000	–	0.01%	–
ZYNE	New	ZYNERBA PHARMACEUTICALS INC	$18,000	–	16,000	–	0.00%	–
PAVM	New	PAVMED INC	$17,000	–	18,000	–	0.00%	–
CFMS	New	CONFORMIS INC	$9,000	–	25,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-500	–	-0.00%	–
WTER	Exit	ALKALINE WTR CO INC	$0	–	-10,000	–	-0.00%	–
CFMS	Exit	CONFORMIS INC	$0	–	-25,000	–	-0.01%	–
UONE	Exit	URBAN ONE INCcl a	$0	–	-10,000	–	-0.02%	–
LQDA	Exit	LIQUIDIA CORPORATION	$0	–	-30,000	–	-0.02%	–
TBPH	Exit	THERAVANCE BIOPHARMA INC	$0	–	-13,000	–	-0.02%	–
ACRE	Exit	ARES COML REAL ESTATE CORP	$0	–	-10,000	–	-0.03%	–
LAZ	Exit	LAZARD LTD	$0	–	-4,500	–	-0.04%	–
C	Exit	CITIGROUP INC	$0	–	-2,953	–	-0.04%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-5,000	–	-0.04%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-1,069	–	-0.04%	–
IVE	Exit	ISHARES TR IVEs&p 500 val etf	$0	–	-1,423	–	-0.04%	–
IWB	Exit	ISHARES TR IWBrus 1000 etf	$0	–	-915	–	-0.04%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-2,132	–	-0.05%	–
SDOG	Exit	ALPS ETF TRsectr div dogs	$0	–	-4,373	–	-0.05%	–
ISTB	Exit	ISHARES TR ISTBcore 1 5 yr usd	$0	–	-4,480	–	-0.05%	–
VTV	Exit	VANGUARD INDEX FDS VTVvalue etf	$0	–	-1,716	–	-0.05%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-1,500	–	-0.05%	–
GOOG	Exit	ALPHABET INC GOOGcap stk cl c	$0	–	-88	–	-0.05%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-1,800	–	-0.05%	–
IMPL	Exit	IMPEL NEUROPHARMA INC	$0	–	-20,000	–	-0.05%	–
MRNA	Exit	MODERNA INC	$0	–	-635	–	-0.05%	–
KEY	Exit	KEYCORP	$0	–	-11,326	–	-0.05%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-2,434	–	-0.05%	–
INTC	Exit	INTEL CORP	$0	–	-4,810	–	-0.05%	–
CSCO	Exit	CISCO SYS INC	$0	–	-4,657	–	-0.05%	–
ETB	Exit	EATON VANCE TAX MNGED BUY WR	$0	–	-16,380	–	-0.05%	–
DOW	Exit	DOW INC	$0	–	-4,730	–	-0.06%	–
L	Exit	LOEWS CORP	$0	–	-5,119	–	-0.06%	–
IJK	Exit	ISHARES TR IJKs&p mc 400gr etf	$0	–	-3,528	–	-0.06%	–
CWB	Exit	SPDR SER TR CWBblmbrg brc cnvrt	$0	–	-3,393	–	-0.06%	–
VMW	Exit	VMWARE INC	$0	–	-2,000	–	-0.06%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-977	–	-0.06%	–
OEF	Exit	ISHARES TR OEFs&p 100 etf	$0	–	-1,511	–	-0.06%	–
WDFC	Exit	WD 40 CO	$0	–	-1,316	–	-0.06%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-7,111	–	-0.06%	–
IWD	Exit	ISHARES TR IWDrus 1000 val etf	$0	–	-1,994	–	-0.06%	–
TJX	Exit	TJX COS INC NEW	$0	–	-4,752	–	-0.06%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-3,021	–	-0.06%	–
GLPG	Exit	GALAPAGOS NVspon adr	$0	–	-6,000	–	-0.06%	–
TU	Exit	TELUS CORPORATION	$0	–	-14,520	–	-0.06%	–
SDY	Exit	SPDR SER TR SDYs&p divid etf	$0	–	-2,770	–	-0.07%	–
VOO	Exit	VANGUARD INDEX FDS VOO	$0	–	-832	–	-0.07%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-3,878	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-7,308	–	-0.07%	–
NBO	Exit	NEUBERGER BERMAN N Y MUNNBO	$0	–	-25,240	–	-0.07%	–
MS	Exit	MORGAN STANLEY	$0	–	-3,445	–	-0.07%	–
TRST	Exit	TRUSTCO BK CORP N Y	$0	–	-10,592	–	-0.07%	–
ETN	Exit	EATON CORP PLC	$0	–	-2,288	–	-0.07%	–
BA	Exit	BOEING CO	$0	–	-1,584	–	-0.07%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUNICP BO	$0	–	-14,237	–	-0.07%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,568	–	-0.07%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,718	–	-0.07%	–
ORCL	Exit	ORACLE CORP	$0	–	-4,196	–	-0.08%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-25,000	–	-0.08%	–
MTB	Exit	M & T BK CORP	$0	–	-2,475	–	-0.08%	–
AROW	Exit	ARROW FINL CORP	$0	–	-10,928	–	-0.08%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-5,000	–	-0.08%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,443	–	-0.08%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-5,000	–	-0.08%	–
PTGX	Exit	PROTAGONIST THERAPEUTICS INC	$0	–	-22,000	–	-0.08%	–
GDS	Exit	GDS HLDGS LTDsponsored ads	$0	–	-6,900	–	-0.08%	–
HUM	Exit	HUMANA INC	$0	–	-1,000	–	-0.08%	–
MSTR	Exit	MICROSTRATEGY INCcl a new	$0	–	-707	–	-0.08%	–
INGR	Exit	INGREDION INC	$0	–	-4,625	–	-0.08%	–
PRTA	Exit	PROTHENA CORP PLC	$0	–	-6,000	–	-0.09%	–
F	Exit	FORD MTR CO DEL	$0	–	-31,066	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,200	–	-0.09%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,390	–	-0.10%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-5,103	–	-0.10%	–
IWF	Exit	ISHARES TR IWFrus 1000 grw etf	$0	–	-1,808	–	-0.10%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,509	–	-0.10%	–
KLAC	Exit	KLA CORP	$0	–	-1,500	–	-0.10%	–
BLK	Exit	BLACKROCK INC	$0	–	-602	–	-0.10%	–
HDB	Exit	HDFC BANK LTDsponsored ads	$0	–	-7,000	–	-0.10%	–
VXF	Exit	VANGUARD INDEX FDS VXFextend mkt etf	$0	–	-2,856	–	-0.11%	–
VUG	Exit	VANGUARD INDEX FDS VUGgrowth etf	$0	–	-1,855	–	-0.11%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-3,658	–	-0.11%	–
HZNP	Exit	HORIZON THERAPEUTICS PUB L	$0	–	-5,000	–	-0.11%	–
JNK	Exit	SPDR SER TR JNKbloomberg brclys	$0	–	-5,056	–	-0.11%	–
MRK	Exit	MERCK & CO INC	$0	–	-7,334	–	-0.11%	–
TLT	Exit	ISHARES TR TLT20 yr tr bd etf	$0	–	-3,872	–	-0.11%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,343	–	-0.12%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-3,181	–	-0.12%	–
KO	Exit	COCA COLA CO	$0	–	-11,293	–	-0.12%	–
AWR	Exit	AMER STATES WTR CO	$0	–	-7,000	–	-0.12%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-1,050	–	-0.12%	–
CAT	Exit	CATERPILLAR INC	$0	–	-3,249	–	-0.13%	–
PFE	Exit	PFIZER INC	$0	–	-14,892	–	-0.13%	–
TSLA	Exit	TESLA INC	$0	–	-838	–	-0.13%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-3,653	–	-0.14%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,328	–	-0.14%	–
TIP	Exit	ISHARES TR TIPStips bd etf	$0	–	-5,552	–	-0.14%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-4,846	–	-0.15%	–
GMAB	Exit	GENMAB A/Ssponsored ads	$0	–	-16,897	–	-0.15%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,988	–	-0.15%	–
GIS	Exit	GENERAL MLS INC	$0	–	-12,534	–	-0.15%	–
NKE	Exit	NIKE INCcl b	$0	–	-5,548	–	-0.16%	–
ZG	Exit	ZILLOW GROUP INCcl a	$0	–	-9,080	–	-0.16%	–
TCOM	Exit	TRIP COM GROUP LTDads	$0	–	-27,000	–	-0.17%	–
CI	Exit	CIGNA CORP NEW	$0	–	-4,165	–	-0.17%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-4,506	–	-0.18%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-5,000	–	-0.18%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-6,115	–	-0.19%	–
QRVO	Exit	QORVO INC	$0	–	-5,704	–	-0.20%	–
WEN	Exit	WENDYS CO	$0	–	-44,120	–	-0.20%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-28,800	–	-0.20%	–
T	Exit	AT&T INC	$0	–	-35,549	–	-0.20%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-23,509	–	-0.20%	–
MINT	Exit	PIMCO ETF TR MINTenhan shrt ma ac	$0	–	-9,985	–	-0.21%	–
NUVA	Exit	NUVASIVE INC	$0	–	-17,000	–	-0.21%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,143	–	-0.21%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-8,101	–	-0.21%	–
BND	Exit	VANGUARD BD INDEX FDS BNDtotal bnd mrkt	$0	–	-12,566	–	-0.22%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-7,538	–	-0.23%	–
FISV	Exit	FISERV INC	$0	–	-10,339	–	-0.23%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-19,800	–	-0.24%	–
ABT	Exit	ABBOTT LABS	$0	–	-10,428	–	-0.25%	–
VTI	Exit	VANGUARD INDEX FDS VTItotal stk mkt	$0	–	-5,560	–	-0.25%	–
FXI	Exit	ISHARES TR FXIchina lg-cap etf	$0	–	-31,989	–	-0.26%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-2,215	–	-0.26%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-29,060	–	-0.26%	–
UNP	Exit	UNION PAC CORP	$0	–	-6,629	–	-0.27%	–
VRP	Exit	INVESCO EXCH TRADED FD VRPvar rate pfd	$0	–	-49,785	–	-0.27%	–
PFF	Exit	ISHARES TR PFFpfd and incm sec	$0	–	-33,897	–	-0.27%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-7,500	–	-0.28%	–
AMGN	Exit	AMGEN INC	$0	–	-6,684	–	-0.29%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-7,235	–	-0.31%	–
DIS	Exit	DISNEY WALT CO	$0	–	-9,242	–	-0.32%	–
IEF	Exit	ISHARES TR IEFbarclays 7 10 yr	$0	–	-13,618	–	-0.32%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-4,781	–	-0.33%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-25,438	–	-0.38%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-34,902	–	-0.39%	–
FBND	Exit	FIDELITY MERRIMACK STR FBNDtotal bd etf	$0	–	-36,332	–	-0.40%	–
TEAM	Exit	ATLASSIAN CORP PLCcl a	$0	–	-5,499	–	-0.44%	–
BX	Exit	BLACKSTONE INC	$0	–	-18,850	–	-0.45%	–
AGG	Exit	ISHARES TR AGGcore us aggbd et	$0	–	-19,252	–	-0.45%	–
IJJ	Exit	ISHARES TR IJJs&p mc 400vl etf	$0	–	-23,733	–	-0.50%	–
GOOGL	Exit	ALPHABET INC GOOGLcap stk cl a	$0	–	-930	–	-0.51%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-9,825	–	-0.52%	–
LLY	Exit	LILLY ELI & CO	$0	–	-11,192	–	-0.53%	–
PEP	Exit	PEPSICO INC	$0	–	-20,764	–	-0.64%	–
SHY	Exit	ISHARES TR SHY1 3 yr treas bd	$0	–	-36,434	–	-0.64%	–
TGT	Exit	TARGET CORP	$0	–	-14,708	–	-0.69%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-34,418	–	-0.70%	–
LQD	Exit	ISHARES TR LQDiboxx inv cp etf	$0	–	-27,495	–	-0.75%	–
IEFA	Exit	ISHARES TR IEFAcore msci eafe	$0	–	-52,655	–	-0.80%	–
HD	Exit	HOME DEPOT INC	$0	–	-13,159	–	-0.88%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-10,149	–	-0.93%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-42,777	–	-1.05%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-19,762	–	-1.10%	–
IEMG	Exit	ISHARES INC IEMGcore msci emkt	$0	–	-88,187	–	-1.12%	–
WMT	Exit	WALMART INC	$0	–	-40,294	–	-1.15%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-17,096	–	-1.21%	–
DIA	Exit	SPDR DOW JONES INDL AV DIAut ser 1	$0	–	-17,917	–	-1.24%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-17,545	–	-1.25%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-55,431	–	-1.83%	–
ITOT	Exit	ISHARES TR ITOTcore s&p ttl stk	$0	–	-93,176	–	-1.88%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-28,105	–	-2.25%	–
MCD	Exit	MCDONALDS CORP	$0	–	-47,507	–	-2.35%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-72,604	–	-2.43%	–
IBB	Exit	ISHARES TR IBBishares biotech	$0	–	-75,116	–	-2.49%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-65,915	–	-2.80%	–
IJR	Exit	ISHARES TR IJRcore s&p scp etf	$0	–	-139,777	–	-3.12%	–
FTEC	Exit	FIDELITY COVINGTON TRUST FTECmsci info tech i	$0	–	-130,360	–	-3.17%	–
V	Exit	VISA INC	$0	–	-69,503	–	-3.17%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,285	–	-3.56%	–
AAPL	Exit	APPLE INC	$0	–	-122,722	–	-3.56%	–
IJH	Exit	ISHARES TR IJHcore s&p mcp etf	$0	–	-71,696	–	-3.86%	–
SPY	Exit	SPDR S&P 500 ETF TR SPYtr unit	$0	–	-51,852	–	-4.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-83,320	–	-4.81%	–
IVV	Exit	ISHARES TR IVVcore s&p500 etf	$0	–	-105,962	–	-9.35%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-146,096	–	-10.71%	–

Q3 2021

			Value		Shares		↓ Weighting
QQQ	Sell	INVESCO QQQ TRunit ser 1	$52,297,000	-0.2%	146,096	-1.2%	10.71%	-0.1%
IVV	Buy	ISHARES TR IVVcore s&p500 etf	$45,650,000	+3.2%	105,962	+3.0%	9.35%	+3.4%
MSFT	Sell	MICROSOFT CORP	$23,490,000	+3.5%	83,320	-0.6%	4.81%	+3.6%
SPY	Sell	SPDR S&P 500 ETF TR SPYtr unit	$22,252,000	-0.5%	51,852	-0.8%	4.56%	-0.3%
IJH	Buy	ISHARES TR IJHcore s&p mcp etf	$18,863,000	+1.7%	71,696	+3.9%	3.86%	+1.9%
AAPL	Sell	APPLE INC	$17,365,000	+3.3%	122,722	-0.1%	3.56%	+3.4%
AMZN	Buy	AMAZON COM INC	$17,363,000	+3.8%	5,285	+8.7%	3.56%	+3.9%
V	Sell	VISA INC	$15,482,000	-5.0%	69,503	-0.3%	3.17%	-4.9%
FTEC	Buy	FIDELITY COVINGTON TRUST FTECmsci info tech i	$15,465,000	+0.8%	130,360	+0.1%	3.17%	+1.0%
IJR	Buy	ISHARES TR IJRcore s&p scp etf	$15,262,000	-1.0%	139,777	+2.5%	3.12%	-0.8%
NVDA	Buy	NVIDIA CORPORATION	$13,655,000	+2.1%	65,915	+294.4%	2.80%	+2.3%
IBB	Buy	ISHARES TR IBBishares biotech	$12,145,000	-0.5%	75,116	+0.7%	2.49%	-0.3%
JPM	Buy	JPMORGAN CHASE & CO	$11,885,000	+6.8%	72,604	+1.5%	2.43%	+7.0%
MCD	Buy	MCDONALDS CORP	$11,454,000	+4.8%	47,507	+0.4%	2.35%	+5.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$10,982,000	-2.0%	28,105	+0.4%	2.25%	-1.8%
ITOT	Buy	ISHARES TR ITOTcore s&p ttl stk	$9,167,000	+2.7%	93,176	+3.1%	1.88%	+2.8%
JNJ	Buy	JOHNSON & JOHNSON	$8,952,000	-0.7%	55,431	+1.3%	1.83%	-0.5%
MA	Buy	MASTERCARD INCORPORATEDcl a	$6,100,000	-4.4%	17,545	+0.4%	1.25%	-4.2%
DIA	Sell	SPDR DOW JONES INDL AV DIAut ser 1	$6,061,000	-2.7%	17,917	-0.7%	1.24%	-2.5%
LMT	Buy	LOCKHEED MARTIN CORP	$5,900,000	-7.6%	17,096	+1.3%	1.21%	-7.4%
WMT	Sell	WALMART INC	$5,616,000	-48.1%	40,294	-47.5%	1.15%	-48.0%
IEMG	Buy	ISHARES INC IEMGcore msci emkt	$5,446,000	-6.7%	88,187	+1.3%	1.12%	-6.5%
CRM	Sell	SALESFORCE COM INC	$5,360,000	+4.3%	19,762	-6.1%	1.10%	+4.6%
DKS	New	DICKS SPORTING GOODS INC	$5,123,000	–	42,777	–	1.05%	–
COST	Buy	COSTCO WHSL CORP NEW	$4,561,000	+13.8%	10,149	+0.2%	0.93%	+14.0%
HD	Buy	HOME DEPOT INC	$4,320,000	+4.9%	13,159	+1.9%	0.88%	+5.1%
IEFA	Buy	ISHARES TR IEFAcore msci eafe	$3,910,000	+9.9%	52,655	+10.8%	0.80%	+10.2%
LQD	Buy	ISHARES TR LQDiboxx inv cp etf	$3,658,000	+1.2%	27,495	+2.3%	0.75%	+1.4%
PG	Buy	PROCTER AND GAMBLE CO	$3,414,000	+5.5%	34,418	+43.5%	0.70%	+5.7%
SHY	Sell	ISHARES TR SHY1 3 yr treas bd	$3,139,000	-2.0%	36,434	-2.0%	0.64%	-1.8%
PEP	Sell	PEPSICO INC	$3,123,000	+0.0%	20,764	-1.5%	0.64%	+0.3%
LLY	Sell	LILLY ELI & CO	$2,586,000	+0.3%	11,192	-0.4%	0.53%	+0.6%
PYPL	Buy	PAYPAL HLDGS INC	$2,557,000	-10.3%	9,825	+0.5%	0.52%	-10.1%
IJJ	Buy	ISHARES TR IJJs&p mc 400vl etf	$2,445,000	+12.2%	23,733	+14.6%	0.50%	+12.3%
AGG	Buy	ISHARES TR AGGcore us aggbd et	$2,211,000	+2.3%	19,252	+2.7%	0.45%	+2.5%
BX	Buy	BLACKSTONE INC	$2,193,000	+19.8%	18,850	+0.0%	0.45%	+20.1%
TEAM	Sell	ATLASSIAN CORP PLCcl a	$2,152,000	+48.8%	5,499	-2.3%	0.44%	+49.0%
FBND	Buy	FIDELITY MERRIMACK STR FBNDtotal bd etf	$1,930,000	+7.8%	36,332	+8.2%	0.40%	+7.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,885,000	-4.8%	34,902	-1.3%	0.39%	-4.7%
JD	Buy	JD.COM INCspon adr cl a	$1,838,000	+19.4%	25,438	+31.9%	0.38%	+19.4%
IEF	Buy	ISHARES TR IEFbarclays 7 10 yr	$1,569,000	+3.5%	13,618	+3.7%	0.32%	+3.5%
DIS	Sell	DISNEY WALT CO	$1,563,000	-4.6%	9,242	-0.9%	0.32%	-4.5%
AMGN	Buy	AMGEN INC	$1,421,000	-12.5%	6,684	+0.3%	0.29%	-12.3%
PFF	Buy	ISHARES TR PFFpfd and incm sec	$1,316,000	+15.0%	33,897	+16.6%	0.27%	+15.0%
VRP	Buy	INVESCO EXCH TRADED FD VRPvar rate pfd	$1,305,000	+6.9%	49,785	+7.2%	0.27%	+6.8%
LRCX	Sell	LAM RESEARCH CORP	$1,261,000	-13.1%	2,215	-0.7%	0.26%	-13.1%
FXI	Sell	ISHARES TR FXIchina lg-cap etf	$1,245,000	-25.8%	31,989	-11.7%	0.26%	-25.7%
VTI	Sell	VANGUARD INDEX FDS VTItotal stk mkt	$1,235,000	-0.3%	5,560	-0.0%	0.25%	0.0%
ABT	Sell	ABBOTT LABS	$1,232,000	+1.7%	10,428	-0.2%	0.25%	+1.6%
FISV	Sell	FISERV INC	$1,122,000	-31.6%	10,339	-32.6%	0.23%	-31.3%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$1,116,000	-34.0%	7,538	+1.2%	0.23%	-33.6%
BND	Sell	VANGUARD BD INDEX FDS BNDtotal bnd mrkt	$1,074,000	-1.3%	12,566	-0.8%	0.22%	-0.9%
AMAT	Sell	APPLIED MATLS INC	$1,043,000	-10.2%	8,101	-0.6%	0.21%	-9.7%
AVGO	Buy	BROADCOM INC	$1,039,000	+1.7%	2,143	+0.0%	0.21%	+1.9%
MINT	Sell	PIMCO ETF TR MINTenhan shrt ma ac	$1,018,000	-6.3%	9,985	-6.3%	0.21%	-6.3%
DAL	Buy	DELTA AIR LINES INC DEL	$1,002,000	+59.6%	23,509	+62.0%	0.20%	+60.2%
T	Buy	AT&T INC	$960,000	+0.4%	35,549	+7.0%	0.20%	+1.0%
TGTX	Sell	TG THERAPEUTICS INC	$958,000	-36.3%	28,800	-25.8%	0.20%	-36.4%
WEN	Sell	WENDYS CO	$957,000	-12.3%	44,120	-5.3%	0.20%	-12.1%
BIDU	New	BAIDU INCspon adr rep a	$940,000	–	6,115	–	0.19%	–
WSM	Buy	WILLIAMS SONOMA INC	$887,000	+85.2%	5,000	+66.7%	0.18%	+85.7%
CI	Buy	CIGNA CORP NEW	$834,000	+99.5%	4,165	+136.1%	0.17%	+101.2%
TCOM	Buy	TRIP COM GROUP LTDads	$830,000	+133.8%	27,000	+170.0%	0.17%	+132.9%
NKE	Sell	NIKE INCcl b	$806,000	-7.6%	5,548	-1.8%	0.16%	-7.3%
ZG	Buy	ZILLOW GROUP INCcl a	$804,000	+8.2%	9,080	+49.8%	0.16%	+8.6%
DRI	New	DARDEN RESTAURANTS INC	$734,000	–	4,846	–	0.15%	–
TIP	Sell	ISHARES TR TIPStips bd etf	$709,000	-0.6%	5,552	-0.3%	0.14%	-0.7%
HON	Buy	HONEYWELL INTL INC	$706,000	+0.4%	3,328	+3.9%	0.14%	+0.7%
TSLA	Buy	TESLA INC	$650,000	+35.4%	838	+18.7%	0.13%	+35.7%
PFE	Buy	PFIZER INC	$641,000	+11.5%	14,892	+1.4%	0.13%	+11.0%
CAT	Buy	CATERPILLAR INC	$624,000	-10.6%	3,249	+1.3%	0.13%	-10.5%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$605,000	-2.1%	1,050	-0.5%	0.12%	-1.6%
KO	Buy	COCA COLA CO	$593,000	+5.7%	11,293	+8.9%	0.12%	+5.2%
ABBV	Buy	ABBVIE INC	$576,000	-4.2%	5,343	+0.1%	0.12%	-4.1%
TLT	Buy	ISHARES TR TLT20 yr tr bd etf	$559,000	+7.7%	3,872	+7.8%	0.11%	+7.5%
JNK	New	SPDR SER TR JNKbloomberg brclys	$553,000	–	5,056	–	0.11%	–
MRK	Buy	MERCK & CO INC	$551,000	-3.3%	7,334	+0.0%	0.11%	-3.4%
WM	Sell	WASTE MGMT INC DEL	$546,000	+5.4%	3,658	-1.1%	0.11%	+5.7%
VUG	Sell	VANGUARD INDEX FDS VUGgrowth etf	$538,000	-1.5%	1,855	-2.6%	0.11%	-1.8%
VXF	Buy	VANGUARD INDEX FDS VXFextend mkt etf	$521,000	-3.2%	2,856	+0.1%	0.11%	-2.7%
XOM	Buy	EXXON MOBIL CORP	$500,000	+27.6%	8,509	+37.1%	0.10%	+27.5%
NVO	Buy	NOVO-NORDISK A Sadr	$490,000	+88.5%	5,103	+64.5%	0.10%	+88.7%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$471,000	+8.3%	3,390	+14.2%	0.10%	+7.9%
GS	Buy	GOLDMAN SACHS GROUP INC	$454,000	+99.1%	1,200	+100.0%	0.09%	+97.9%
F	Buy	FORD MTR CO DEL	$440,000	-3.5%	31,066	+1.3%	0.09%	-3.2%
PRTA	Sell	PROTHENA CORP PLC	$427,000	+3.9%	6,000	-25.0%	0.09%	+3.6%
MSTR	Buy	MICROSTRATEGY INCcl a new	$409,000	+64.3%	707	+88.5%	0.08%	+64.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$381,000	-14.2%	6,443	-3.0%	0.08%	-14.3%
AROW	Buy	ARROW FINL CORP	$375,000	-1.8%	10,928	+3.0%	0.08%	-1.3%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$367,000	-5.9%	25,000	-4.6%	0.08%	-6.2%
ORCL	Buy	ORACLE CORP	$366,000	+15.5%	4,196	+3.0%	0.08%	+15.4%
DUK	Sell	DUKE ENERGY CORP NEW	$363,000	-3.7%	3,718	-2.7%	0.07%	-3.9%
GBAB	Sell	GUGGENHEIM TAXABLE MUNICP BO	$349,000	-1.1%	14,237	-0.5%	0.07%	-1.4%
BA	Buy	BOEING CO	$348,000	-5.4%	1,584	+3.3%	0.07%	-5.3%
TRST	Sell	TRUSTCO BK CORP N Y	$339,000	-9.6%	10,592	-2.9%	0.07%	-10.4%
MS	New	MORGAN STANLEY	$335,000	–	3,445	–	0.07%	–
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$333,000	+0.6%	3,878	+0.1%	0.07%	0.0%
MO	Buy	ALTRIA GROUP INC	$333,000	+6.4%	7,308	+11.4%	0.07%	+6.2%
SDY	Sell	SPDR SER TR SDYs&p divid etf	$326,000	-8.9%	2,770	-5.4%	0.07%	-8.2%
VOO	Sell	VANGUARD INDEX FDS VOO	$328,000	-2.4%	832	-2.5%	0.07%	-2.9%
IWD	Sell	ISHARES TR IWDrus 1000 val etf	$312,000	-2.2%	1,994	-1.0%	0.06%	-1.5%
AMD	Sell	ADVANCED MICRO DEVICES INC	$311,000	-0.3%	3,021	-9.0%	0.06%	0.0%
BAC	New	BK OF AMERICA CORP	$302,000	–	7,111	–	0.06%	–
OEF	Sell	ISHARES TR OEFs&p 100 etf	$298,000	-1.0%	1,511	-1.6%	0.06%	-1.6%
CWB	Sell	SPDR SER TR CWBblmbrg brc cnvrt	$290,000	-2.7%	3,393	-1.1%	0.06%	-3.3%
IJK	Sell	ISHARES TR IJKs&p mc 400gr etf	$279,000	-23.4%	3,528	-21.5%	0.06%	-23.0%
DOW	Buy	DOW INC	$272,000	+1.5%	4,730	+11.8%	0.06%	+1.8%
ETB	Sell	EATON VANCE TAX MNGED BUY WR	$262,000	-7.4%	16,380	-2.9%	0.05%	-6.9%
INTC	Buy	INTEL CORP	$256,000	-5.2%	4,810	+0.1%	0.05%	-5.5%
CSCO	Sell	CISCO SYS INC	$253,000	+1.6%	4,657	-1.0%	0.05%	+2.0%
	New	GENERAL ELECTRIC CO	$251,000	–	2,434	–	0.05%	–
MRNA	New	MODERNA INC	$244,000	–	635	–	0.05%	–
IMPL	New	IMPEL NEUROPHARMA INC	$244,000	–	20,000	–	0.05%	–
GPN	New	GLOBAL PMTS INC	$236,000	–	1,500	–	0.05%	–
GOOG	New	ALPHABET INC GOOGcap stk cl c	$235,000	–	88	–	0.05%	–
VTV	Sell	VANGUARD INDEX FDS VTVvalue etf	$232,000	-6.1%	1,716	-4.7%	0.05%	-4.0%
PRU	Sell	PRUDENTIAL FINL INC	$224,000	+0.9%	2,132	-1.7%	0.05%	+2.2%
SDOG	Sell	ALPS ETF TRsectr div dogs	$223,000	-6.3%	4,373	-2.7%	0.05%	-6.1%
DEO	Sell	DIAGEO PLCspon adr new	$206,000	-3.7%	1,069	-4.2%	0.04%	-4.5%
C	New	CITIGROUP INC	$207,000	–	2,953	–	0.04%	–
IVE	New	ISHARES TR IVEs&p 500 val etf	$207,000	–	1,423	–	0.04%	–
ACRE	New	ARES COML REAL ESTATE CORP	$151,000	–	10,000	–	0.03%	–
TBPH	Sell	THERAVANCE BIOPHARMA INC	$96,000	-71.3%	13,000	-43.5%	0.02%	-70.6%
UONE	New	URBAN ONE INCcl a	$81,000	–	10,000	–	0.02%	–
WTER	New	ALKALINE WTR CO INC	$16,000	–	10,000	–	0.00%	–
SPY	Sell	SPDR S&P 500 ETF TRput	$5,000	-28.6%	500	-50.0%	0.00%	0.0%
ZYNE	Exit	ZYNERBA PHARMACEUTICALS INC	$0	–	-16,000	–	-0.02%	–
EQIX	Exit	EQUINIX INC	$0	–	-155	–	-0.03%	–
CME	Exit	CME GROUP INC	$0	–	-650	–	-0.03%	–
UHAL	Exit	AMERCO	$0	–	-295	–	-0.04%	–
PPL	Exit	PPL CORP	$0	–	-6,739	–	-0.04%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-1,044	–	-0.04%	–
CASY	Exit	CASEYS GEN STORES INC	$0	–	-1,050	–	-0.04%	–
UTL	Exit	UNITIL CORP	$0	–	-4,296	–	-0.05%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-19,545	–	-0.05%	–
KMX	Exit	CARMAX INC	$0	–	-3,000	–	-0.08%	–
EWH	Exit	ISHARES INC EWHetf	$0	–	-18,850	–	-0.10%	–
GXC	Exit	SPDR INDEX SHS FDS GXCetf	$0	–	-4,400	–	-0.12%	–
VTRS	Exit	VIATRIS INC	$0	–	-58,121	–	-0.17%	–
PDD	Exit	PINDUODUO INCads	$0	–	-10,000	–	-0.26%	–
RXT	Exit	RACKSPACE TECHNOLOGY INC	$0	–	-211,289	–	-0.85%	–

Q2 2021

			Value		Shares		↓ Weighting
QQQ	New	INVESCO QQQ TRetf	$52,425,000	–	147,913	–	10.72%	–
IVV	New	ISHARES TR IVVetf	$44,224,000	–	102,867	–	9.04%	–
MSFT	New	MICROSOFT CORP	$22,702,000	–	83,804	–	4.64%	–
SPY	New	SPDR S&P 500 ETF TR SPYetf	$22,370,000	–	52,259	–	4.57%	–
IJH	New	ISHARES TR IJHetf	$18,542,000	–	68,996	–	3.79%	–
AAPL	New	APPLE INC	$16,817,000	–	122,786	–	3.44%	–
AMZN	New	AMAZON COM INC	$16,735,000	–	4,864	–	3.42%	–
V	New	VISA INCcl a	$16,303,000	–	69,725	–	3.33%	–
IJR	New	ISHARES TR IJRetf	$15,414,000	–	136,431	–	3.15%	–
FTEC	New	FIDELITY COVINGTON TRUST FTECetf	$15,339,000	–	130,225	–	3.14%	–
NVDA	New	NVIDIA CORPORATION	$13,372,000	–	16,712	–	2.73%	–
IBB	New	ISHARES TR IBBetf	$12,206,000	–	74,585	–	2.50%	–
UNH	New	UNITEDHEALTH GROUP INC	$11,204,000	–	27,980	–	2.29%	–
JPM	New	JPMORGAN CHASE & CO	$11,130,000	–	71,557	–	2.28%	–
MCD	New	MCDONALDS CORP	$10,931,000	–	47,321	–	2.23%	–
WMT	New	WALMART INC	$10,814,000	–	76,682	–	2.21%	–
JNJ	New	JOHNSON & JOHNSON	$9,014,000	–	54,719	–	1.84%	–
ITOT	New	ISHARES TR ITOTetf	$8,927,000	–	90,396	–	1.82%	–
LMT	New	LOCKHEED MARTIN CORP	$6,385,000	–	16,875	–	1.30%	–
MA	New	MASTERCARD INCORPORATEDcl a	$6,378,000	–	17,470	–	1.30%	–
DIA	New	SPDR DOW JONES INDL DIAetf	$6,227,000	–	18,051	–	1.27%	–
IEMG	New	ISHARES INC IEMGetf	$5,835,000	–	87,093	–	1.19%	–
CRM	New	SALESFORCE COM INC	$5,139,000	–	21,040	–	1.05%	–
RXT	New	RACKSPACE TECHNOLOGY INC	$4,143,000	–	211,289	–	0.85%	–
HD	New	HOME DEPOT INC	$4,119,000	–	12,915	–	0.84%	–
COST	New	COSTCO WHSL CORP NEW	$4,007,000	–	10,128	–	0.82%	–
LQD	New	ISHARES TR LQDetf	$3,613,000	–	26,889	–	0.74%	–
TGT	New	TARGET CORP	$3,555,000	–	14,708	–	0.73%	–
IEFA	New	ISHARES TR IEFAetf	$3,558,000	–	47,534	–	0.73%	–
PG	New	PROCTER AND GAMBLE CO	$3,236,000	–	23,983	–	0.66%	–
SHY	New	ISHARES TR SHYetf	$3,204,000	–	37,190	–	0.66%	–
PEP	New	PEPSICO INC	$3,122,000	–	21,072	–	0.64%	–
PYPL	New	PAYPAL HLDGS INC	$2,851,000	–	9,780	–	0.58%	–
LLY	New	LILLY ELI & CO	$2,578,000	–	11,232	–	0.53%	–
GOOGL	New	ALPHABET INC GOOGLcl a	$2,271,000	–	930	–	0.46%	–
IJJ	New	ISHARES TR IJJetf	$2,180,000	–	20,701	–	0.45%	–
AGG	New	ISHARES TR AGGetf	$2,161,000	–	18,739	–	0.44%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,981,000	–	35,359	–	0.40%	–
BX	New	BLACKSTONE GROUP INC	$1,831,000	–	18,847	–	0.37%	–
FBND	New	FIDELITY MERRIMACK STR FBNDetf	$1,791,000	–	33,591	–	0.37%	–
BABA	New	ALIBABA GROUP HLDG LTDads	$1,690,000	–	7,452	–	0.34%	–
FXI	New	ISHARES TR FXIetf	$1,679,000	–	36,243	–	0.34%	–
FB	New	FACEBOOK INCcl a	$1,662,000	–	4,781	–	0.34%	–
DIS	New	DISNEY WALT CO	$1,639,000	–	9,326	–	0.34%	–
FISV	New	FISERV INC	$1,640,000	–	15,339	–	0.34%	–
AMGN	New	AMGEN INC	$1,624,000	–	6,662	–	0.33%	–
DG	New	DOLLAR GEN CORP NEW	$1,565,000	–	7,235	–	0.32%	–
JD	New	JD.COM INCcl a	$1,539,000	–	19,288	–	0.32%	–
IEF	New	ISHARES TR IEFetf	$1,516,000	–	13,127	–	0.31%	–
TGTX	New	TG THERAPEUTICS INC	$1,505,000	–	38,800	–	0.31%	–
UNP	New	UNION PAC CORP	$1,458,000	–	6,629	–	0.30%	–
LRCX	New	LAM RESEARCH CORP	$1,451,000	–	2,230	–	0.30%	–
TEAM	New	ATLASSIAN CORP PLCcl a	$1,446,000	–	5,630	–	0.30%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$1,346,000	–	7,500	–	0.28%	–
PDD	New	PINDUODUO INCads	$1,270,000	–	10,000	–	0.26%	–
BSX	New	BOSTON SCIENTIFIC CORP	$1,243,000	–	29,060	–	0.25%	–
VTI	New	VANGUARD INDEX FDS VTIetf	$1,239,000	–	5,562	–	0.25%	–
VRP	New	INVESCO EXCH TRADED FD VRPetf	$1,221,000	–	46,422	–	0.25%	–
ABT	New	ABBOTT LABS	$1,211,000	–	10,447	–	0.25%	–
AZN	New	ASTRAZENECA PLCadr	$1,186,000	–	19,800	–	0.24%	–
AMAT	New	APPLIED MATLS INC	$1,161,000	–	8,151	–	0.24%	–
NUVA	New	NUVASIVE INC	$1,152,000	–	17,000	–	0.24%	–
PFF	New	ISHARES TR PFFetf	$1,144,000	–	29,078	–	0.23%	–
QRVO	New	QORVO INC	$1,116,000	–	5,704	–	0.23%	–
WEN	New	WENDYS CO	$1,091,000	–	46,577	–	0.22%	–
BND	New	VANGUARD BD INDEX FDS BNDetf	$1,088,000	–	12,668	–	0.22%	–
MINT	New	PIMCO ETF TR MINTetf	$1,087,000	–	10,659	–	0.22%	–
AVGO	New	BROADCOM INC	$1,022,000	–	2,142	–	0.21%	–
PTGX	New	PROTAGONIST THERAPEUTICS INC	$987,000	–	22,000	–	0.20%	–
T	New	AT&T INC	$956,000	–	33,224	–	0.20%	–
NXPI	New	NXP SEMICONDUCTORS N V	$927,000	–	4,506	–	0.19%	–
NKE	New	NIKE INCcl b	$872,000	–	5,647	–	0.18%	–
VTRS	New	VIATRIS INC	$831,000	–	58,121	–	0.17%	–
GIS	New	GENERAL MLS INC	$764,000	–	12,534	–	0.16%	–
ANTM	New	ANTHEM INC	$759,000	–	1,988	–	0.16%	–
ZG	New	ZILLOW GROUP INCcl a	$743,000	–	6,060	–	0.15%	–
TIP	New	ISHARES TR TIPetf	$713,000	–	5,567	–	0.15%	–
HON	New	HONEYWELL INTL INC	$703,000	–	3,203	–	0.14%	–
TXN	New	TEXAS INSTRS INC	$702,000	–	3,653	–	0.14%	–
CAT	New	CATERPILLAR INC	$698,000	–	3,207	–	0.14%	–
GMAB	New	GENMAB A/Sads	$690,000	–	16,897	–	0.14%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$661,000	–	3,181	–	0.14%	–
DAL	New	DELTA AIR LINES INC DEL	$628,000	–	14,509	–	0.13%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$618,000	–	1,055	–	0.13%	–
ABBV	New	ABBVIE INC	$601,000	–	5,339	–	0.12%	–
GXC	New	SPDR INDEX SHS FDS GXCetf	$584,000	–	4,400	–	0.12%	–
PFE	New	PFIZER INC	$575,000	–	14,688	–	0.12%	–
MRK	New	MERCK & CO INC	$570,000	–	7,331	–	0.12%	–
KO	New	COCA COLA CO	$561,000	–	10,366	–	0.12%	–
AWR	New	AMER STATES WTR CO	$557,000	–	7,000	–	0.11%	–
VUG	New	VANGUARD INDEX FDS VUGetf	$546,000	–	1,905	–	0.11%	–
GDS	New	GDS HLDGS LTDads	$542,000	–	6,900	–	0.11%	–
VXF	New	VANGUARD INDEX FDS VXFetf	$538,000	–	2,853	–	0.11%	–
BLK	New	BLACKROCK INC	$526,000	–	602	–	0.11%	–
TLT	New	ISHARES TR TLTetf	$519,000	–	3,592	–	0.11%	–
WM	New	WASTE MGMT INC DEL	$518,000	–	3,697	–	0.11%	–
HDB	New	HDFC BANK LTDads	$512,000	–	7,000	–	0.10%	–
EWH	New	ISHARES INC EWHetf	$504,000	–	18,850	–	0.10%	–
IWF	New	ISHARES TR IWFetf	$491,000	–	1,808	–	0.10%	–
KLAC	New	KLA CORP	$486,000	–	1,500	–	0.10%	–
TSLA	New	TESLA INC	$480,000	–	706	–	0.10%	–
WSM	New	WILLIAMS SONOMA INC	$479,000	–	3,000	–	0.10%	–
HZNP	New	HORIZON THERAPEUTICS PUB L	$468,000	–	5,000	–	0.10%	–
F	New	FORD MTR CO DEL	$456,000	–	30,666	–	0.09%	–
HUM	New	HUMANA INC	$443,000	–	1,000	–	0.09%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$444,000	–	6,639	–	0.09%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$435,000	–	2,969	–	0.09%	–
INGR	New	INGREDION INC	$419,000	–	4,625	–	0.09%	–
CI	New	CIGNA CORP NEW	$418,000	–	1,764	–	0.08%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$417,000	–	5,000	–	0.08%	–
GLPG	New	GALAPAGOS NVadr	$413,000	–	6,000	–	0.08%	–
PRTA	New	PROTHENA CORP PLC	$411,000	–	8,000	–	0.08%	–
EHC	New	ENCOMPASS HEALTH CORP	$390,000	–	5,000	–	0.08%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$390,000	–	26,200	–	0.08%	–
XOM	New	EXXON MOBIL CORP	$392,000	–	6,207	–	0.08%	–
KMX	New	CARMAX INC	$387,000	–	3,000	–	0.08%	–
AROW	New	ARROW FINL CORP	$382,000	–	10,614	–	0.08%	–
DUK	New	DUKE ENERGY CORP NEW	$377,000	–	3,823	–	0.08%	–
TRST	New	TRUSTCO BK CORP N Y	$375,000	–	10,908	–	0.08%	–
BA	New	BOEING CO	$368,000	–	1,534	–	0.08%	–
MTB	New	M & T BK CORP	$360,000	–	2,475	–	0.07%	–
IJK	New	ISHARES TR IJKetf	$364,000	–	4,496	–	0.07%	–
SDY	New	SPDR SER TR SDYetf	$358,000	–	2,929	–	0.07%	–
TCOM	New	TRIP COM GROUP LTDads	$355,000	–	10,000	–	0.07%	–
GBAB	New	GUGGENHEIM TAXABLE MUNICP BO	$353,000	–	14,307	–	0.07%	–
WDFC	New	WD 40 CO	$337,000	–	1,316	–	0.07%	–
NBO	New	NEUBERGER BERMAN N Y MUN NBO	$336,000	–	25,240	–	0.07%	–
ETN	New	EATON CORP PLC	$339,000	–	2,288	–	0.07%	–
VOO	New	VANGUARD INDEX FDS VOOetf	$336,000	–	853	–	0.07%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$331,000	–	3,874	–	0.07%	–
TBPH	New	THERAVANCE BIOPHARMA INC	$334,000	–	23,000	–	0.07%	–
NEE	New	NEXTERA ENERGY INC	$335,000	–	4,568	–	0.07%	–
TU	New	TELUS CORPORATION	$326,000	–	14,520	–	0.07%	–
IWD	New	ISHARES TR IWDetf	$319,000	–	2,014	–	0.06%	–
ORCL	New	ORACLE CORP	$317,000	–	4,073	–	0.06%	–
TJX	New	TJX COS INC NEW	$320,000	–	4,752	–	0.06%	–
VMW	New	VMWARE INCcl a	$320,000	–	2,000	–	0.06%	–
AMD	New	ADVANCED MICRO DEVICES INC	$312,000	–	3,321	–	0.06%	–
MO	New	ALTRIA GROUP INC	$313,000	–	6,558	–	0.06%	–
OEF	New	ISHARES TR OEFetf	$301,000	–	1,536	–	0.06%	–
CWB	New	SPDR SER TR CWBetf	$298,000	–	3,431	–	0.06%	–
ETB	New	EATON VANCE TAX ETB	$283,000	–	16,861	–	0.06%	–
L	New	LOEWS CORP	$280,000	–	5,119	–	0.06%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$269,000	–	1,800	–	0.06%	–
DOW	New	DOW INC	$268,000	–	4,230	–	0.06%	–
INTC	New	INTEL CORP	$270,000	–	4,804	–	0.06%	–
DHR	New	DANAHER CORPORATION	$262,000	–	977	–	0.05%	–
GE	New	GENERAL ELECTRIC CO	$263,000	–	19,545	–	0.05%	–
NVO	New	NOVO-NORDISK A Sadr	$260,000	–	3,102	–	0.05%	–
CSCO	New	CISCO SYS INC	$249,000	–	4,704	–	0.05%	–
MSTR	New	MICROSTRATEGY INCcl a	$249,000	–	375	–	0.05%	–
VTV	New	VANGUARD INDEX FDS VTVetf	$247,000	–	1,800	–	0.05%	–
SDOG	New	ALPS ETF TRetf	$238,000	–	4,493	–	0.05%	–
KEY	New	KEYCORP	$234,000	–	11,326	–	0.05%	–
ISTB	New	ISHARES TR ISTBetf	$230,000	–	4,480	–	0.05%	–
UTL	New	UNITIL CORP	$228,000	–	4,296	–	0.05%	–
GS	New	GOLDMAN SACHS GROUP INC	$228,000	–	600	–	0.05%	–
HALO	New	HALOZYME THERAPEUTICS INC	$227,000	–	5,000	–	0.05%	–
IWB	New	ISHARES TR IWBetf	$222,000	–	915	–	0.04%	–
PRU	New	PRUDENTIAL FINL INC	$222,000	–	2,169	–	0.04%	–
DEO	New	DIAGEO PLCadr	$214,000	–	1,116	–	0.04%	–
LAZ	New	LAZARD LTD	$204,000	–	4,500	–	0.04%	–
CASY	New	CASEYS GEN STORES INC	$204,000	–	1,050	–	0.04%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$200,000	–	1,044	–	0.04%	–
PPL	New	PPL CORP	$188,000	–	6,739	–	0.04%	–
UHAL	New	AMERCO	$174,000	–	295	–	0.04%	–
CME	New	CME GROUP INC	$138,000	–	650	–	0.03%	–
EQIX	New	EQUINIX INC	$125,000	–	155	–	0.03%	–
LQDA	New	LIQUIDIA CORPORATION	$86,000	–	30,000	–	0.02%	–
ZYNE	New	ZYNERBA PHARMACEUTICALS INC	$85,000	–	16,000	–	0.02%	–
CFMS	New	CONFORMIS INC	$29,000	–	25,000	–	0.01%	–
SPY	New	SPDR S&P 500 ETF TRput	$7,000	–	1,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
CFMS	Exit	CONFORMIS INC	$0	–	-10,000	–	-0.00%	–
VYNE	Exit	VYNE THERAPEUTICS INC	$0	–	-11,419	–	-0.01%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-19,545	–	-0.03%	–
KEY	Exit	KEYCORP	$0	–	-12,629	–	-0.04%	–
NYF	Exit	ISHARES TR NYFetf	$0	–	-3,500	–	-0.05%	–
NKE	Exit	NIKE INCcl b	$0	–	-1,643	–	-0.05%	–
PPL	Exit	PPL CORP	$0	–	-7,700	–	-0.06%	–
L	Exit	LOEWS CORP L	$0	–	-6,219	–	-0.06%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-999	–	-0.06%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-1,800	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-3,748	–	-0.06%	–
MTB	Exit	M & T BK CORP	$0	–	-2,475	–	-0.06%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-9,391	–	-0.06%	–
IJK	Exit	ISHARES TR IJKetf	$0	–	-949	–	-0.06%	–
TBIO	Exit	TRANSLATE BIO INC	$0	–	-17,000	–	-0.06%	–
ETN	Exit	EATON CORP PLC ETN	$0	–	-2,288	–	-0.06%	–
BA	Exit	BOEING CO	$0	–	-1,411	–	-0.06%	–
RDUS	Exit	RADIUS HEALTH INC	$0	–	-20,500	–	-0.06%	–
ITGR	Exit	INTEGER HLDGS CORP	$0	–	-4,000	–	-0.06%	–
ISTB	Exit	ISHARES TR ISTBetf	$0	–	-4,566	–	-0.06%	–
CWB	Exit	SPDR SER TR CWBetf	$0	–	-3,469	–	-0.06%	–
ETB	Exit	EATON VANCE TAX MNGED ETB	$0	–	-17,524	–	-0.06%	–
IWD	Exit	ISHARES TR IWDetf	$0	–	-2,014	–	-0.06%	–
GSK	Exit	GLAXOSMITHKLINE PLCadr	$0	–	-6,450	–	-0.06%	–
UTL	Exit	UNITIL CORP	$0	–	-6,253	–	-0.06%	–
F	Exit	FORD MTR CO DEL	$0	–	-36,706	–	-0.06%	–
OEF	Exit	ISHARES TR OEFetf	$0	–	-1,586	–	-0.06%	–
CSCO	Exit	CISCO SYS INC	$0	–	-6,488	–	-0.07%	–
TU	Exit	TELUS CORPORATION	$0	–	-14,520	–	-0.07%	–
AROW	Exit	ARROW FINL CORP	$0	–	-10,474	–	-0.07%	–
MGEE	Exit	MGE ENERGY INC	$0	–	-4,200	–	-0.07%	–
VOO	Exit	VANGUARD INDEX FDS VOOetf	$0	–	-853	–	-0.07%	–
TJX	Exit	TJX COS INC NEW	$0	–	-4,751	–	-0.07%	–
TSLA	Exit	TESLA INC	$0	–	-620	–	-0.07%	–
SDY	Exit	SPDR SER TR SDYetf	$0	–	-3,016	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-7,272	–	-0.07%	–
VMW	Exit	VMWARE INC	$0	–	-2,000	–	-0.08%	–
KLAC	Exit	KLA CORP	$0	–	-1,500	–	-0.08%	–
TRST	Exit	TRUSTCO BK CORP N Y	$0	–	-56,298	–	-0.08%	–
NBO	Exit	NEUBERGER BRMAN NY MUNI FD I	$0	–	-25,240	–	-0.08%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,764	–	-0.08%	–
WDFC	Exit	WD-40 CO	$0	–	-1,617	–	-0.08%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,142	–	-0.08%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUN MANAG	$0	–	-13,607	–	-0.08%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-5,000	–	-0.08%	–
ACAD	Exit	ACADIA PHARMACEUTICALS INC	$0	–	-8,000	–	-0.09%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,765	–	-0.09%	–
TBPH	Exit	THERAVANCE BIOPHARMA INC	$0	–	-23,000	–	-0.09%	–
BLK	Exit	BLACKROCK INC	$0	–	-602	–	-0.09%	–
GMED	Exit	GLOBUS MED INCcl a	$0	–	-7,000	–	-0.09%	–
HDB	Exit	HDFC BANK LTDads	$0	–	-7,000	–	-0.09%	–
INGR	Exit	INGREDION INC	$0	–	-4,625	–	-0.09%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,305	–	-0.09%	–
VXF	Exit	VANGUARD INDEX FDS VXFetf	$0	–	-2,840	–	-0.10%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-26,200	–	-0.10%	–
DBX	Exit	DROPBOX INCcl a	$0	–	-20,000	–	-0.10%	–
IWF	Exit	ISHARES TR IWFetf	$0	–	-1,811	–	-0.10%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,624	–	-0.10%	–
HUM	Exit	HUMANA INC	$0	–	-1,000	–	-0.11%	–
EWH	Exit	ISHARES INC EWHetf	$0	–	-18,850	–	-0.11%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,395	–	-0.11%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-3,668	–	-0.11%	–
VUG	Exit	VANGUARD INDEX FDS VUGetf	$0	–	-1,865	–	-0.11%	–
ANGO	Exit	ANGIODYNAMICS INC	$0	–	-35,000	–	-0.11%	–
PTGX	Exit	PROTAGONIST THERAPEUTICS INC	$0	–	-22,000	–	-0.11%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-3,504	–	-0.11%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-17,000	–	-0.12%	–
FISV	Exit	FISERV INC	$0	–	-4,524	–	-0.12%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,499	–	-0.12%	–
KO	Exit	COCA COLA CO	$0	–	-9,869	–	-0.13%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-8,450	–	-0.13%	–
GMAB	Exit	GENMAB A/Sads	$0	–	-13,897	–	-0.13%	–
PFE	Exit	PFIZER INC	$0	–	-14,165	–	-0.14%	–
AWR	Exit	AMER STATES WTR CO	$0	–	-7,000	–	-0.14%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-3,653	–	-0.14%	–
GXC	Exit	SPDR INDEX SHS FDS GXCetf	$0	–	-4,400	–	-0.14%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,228	–	-0.14%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,988	–	-0.14%	–
NUVA	Exit	NUVASIVE INC	$0	–	-11,000	–	-0.14%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-3,304	–	-0.14%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-3,796	–	-0.15%	–
TLT	Exit	ISHARES TR TLTetf	$0	–	-4,011	–	-0.17%	–
NVS	Exit	NOVARTIS AGadr	$0	–	-7,550	–	-0.17%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-22,677	–	-0.17%	–
IJJ	Exit	ISHARES TR IJJetf	$0	–	-4,999	–	-0.18%	–
TIP	Exit	ISHARES TR TIPetf	$0	–	-5,365	–	-0.18%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-2,200	–	-0.19%	–
INTC	Exit	INTEL CORP	$0	–	-14,119	–	-0.19%	–
QRVO	Exit	QORVO INC	$0	–	-5,720	–	-0.19%	–
JD	Exit	JD.COM INCadr	$0	–	-9,600	–	-0.19%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-20,060	–	-0.20%	–
GIS	Exit	GENERAL MLS INC	$0	–	-12,534	–	-0.20%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,141	–	-0.20%	–
IJH	Exit	ISHARES TR MC IJHetf	$0	–	-4,264	–	-0.20%	–
MYL	Exit	MYLAN NV	$0	–	-54,000	–	-0.21%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-24,513	–	-0.22%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,316	–	-0.22%	–
SNY	Exit	SANOFIadr	$0	–	-18,000	–	-0.23%	–
UTHR	Exit	UNITED THERAPEUTICS CORP DEL	$0	–	-9,000	–	-0.24%	–
VTI	Exit	VANGUARD INDEX FDS VTIetf	$0	–	-5,486	–	-0.24%	–
HZNP	Exit	HORIZON THERAPEUTICS PUB L	$0	–	-12,000	–	-0.24%	–
T	Exit	AT&T INC	$0	–	-33,086	–	-0.24%	–
AMGN	Exit	AMGEN INC	$0	–	-3,814	–	-0.25%	–
PFF	Exit	ISHARES TR PFFetf	$0	–	-26,836	–	-0.25%	–
BX	Exit	BLACKSTONE GROUP INC BX	$0	–	-19,235	–	-0.26%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-18,676	–	-0.28%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,749	–	-0.28%	–
TGT	Exit	TARGET CORP	$0	–	-6,913	–	-0.28%	–
AZN	Exit	ASTRAZENECA PLCadr	$0	–	-20,550	–	-0.29%	–
MINT	Exit	PIMCO ETF TR MINTetf	$0	–	-11,132	–	-0.30%	–
TEAM	Exit	ATLASSIAN CORP PLCcl a	$0	–	-6,256	–	-0.30%	–
BND	Exit	VANGUARD BD INDEX FDS BNDetf	$0	–	-12,873	–	-0.30%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-16,702	–	-0.30%	–
ABT	Exit	ABBOTT LABS	$0	–	-10,790	–	-0.30%	–
VRP	Exit	INVESCO EXCH TRADED FD VRPetf	$0	–	-48,369	–	-0.31%	–
WEN	Exit	WENDYS CO	$0	–	-57,689	–	-0.33%	–
LLY	Exit	LILLY ELI & CO	$0	–	-8,702	–	-0.33%	–
GOOGL	Exit	ALPHABET INC GOOGLcap stk cl a	$0	–	-880	–	-0.34%	–
UNP	Exit	UNION PAC CORP	$0	–	-6,629	–	-0.34%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-48,800	–	-0.34%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-7,198	–	-0.37%	–
IEF	Exit	ISHARES TR IEFetf	$0	–	-12,527	–	-0.40%	–
FXI	Exit	ISHARES TR CHINA FXIetf	$0	–	-36,505	–	-0.40%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-7,706	–	-0.42%	–
FBND	Exit	FIDELITY MERRIMACK STR FBNDetf	$0	–	-30,946	–	-0.44%	–
AGG	Exit	ISHARES TR AGGetf	$0	–	-17,122	–	-0.52%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-36,658	–	-0.57%	–
MRK	Exit	MERCK & CO. INC	$0	–	-26,815	–	-0.58%	–
IEFA	Exit	ISHARES TR IEFAetf	$0	–	-37,362	–	-0.58%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-29,748	–	-0.60%	–
BABA	Exit	ALIBABA GROUP HLDG LTDads	$0	–	-8,485	–	-0.65%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-19,051	–	-0.69%	–
PEP	Exit	PEPSICO INC	$0	–	-21,439	–	-0.77%	–
SHY	Exit	ISHARES TR SHYetf	$0	–	-37,364	–	-0.84%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-9,376	–	-0.86%	–
LQD	Exit	ISHARES TR LQDetf	$0	–	-26,891	–	-0.94%	–
IEMG	Exit	ISHARES INC IEMGetf	$0	–	-76,892	–	-1.05%	–
DIA	Exit	SPDR DOW JONES INDL AVERAGE DIAetf	$0	–	-17,995	–	-1.30%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-63,223	–	-1.35%	–
ITOT	Exit	ISHARES TR ITOTetf	$0	–	-75,854	–	-1.49%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-15,558	–	-1.55%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-18,767	–	-1.65%	–
IJR	Exit	ISHARES TR SC IJRetf	$0	–	-90,768	–	-1.66%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-67,143	–	-1.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-56,364	–	-2.18%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-27,559	–	-2.23%	–
WMT	Exit	WALMART INC	$0	–	-63,506	–	-2.31%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-16,548	–	-2.32%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-35,892	–	-2.34%	–
IBB	Exit	ISHARES TR IBBetf	$0	–	-74,188	–	-2.61%	–
MCD	Exit	MCDONALDS CORP	$0	–	-47,088	–	-2.68%	–
V	Exit	VISA INC	$0	–	-71,082	–	-3.69%	–
FTEC	Exit	FIDELITY COVINGTON TRUST FTECetf	$0	–	-156,030	–	-3.73%	–
AAPL	Exit	APPLE INC	$0	–	-134,406	–	-4.04%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,269	–	-4.31%	–
SPY	Exit	SPDR S&P 500 ETF TR SPYetf	$0	–	-53,366	–	-4.64%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-87,547	–	-4.78%	–
IVV	Exit	ISHARES TR IVVetf	$0	–	-88,266	–	-7.70%	–
QQQ	Exit	INVESCO QQQ TRetf	$0	–	-174,140	–	-12.56%	–

Q3 2020

			Value		Shares		↓ Weighting
QQQ	Sell	INVESCO QQQ TRetf	$48,383,000	+9.3%	174,140	-2.6%	12.56%	-3.4%
IVV	Buy	ISHARES TR IVVetf	$29,663,000	+11.3%	88,266	+2.5%	7.70%	-1.7%
MSFT	Buy	MICROSOFT CORP	$18,414,000	+3.8%	87,547	+0.4%	4.78%	-8.3%
SPY	Sell	SPDR S&P 500 ETF TR SPYetf	$17,872,000	+7.5%	53,366	-1.0%	4.64%	-5.0%
AMZN	Sell	AMAZON COM INC	$16,592,000	+13.5%	5,269	-0.5%	4.31%	+0.3%
AAPL	Buy	APPLE INC	$15,566,000	+22.4%	134,406	+285.7%	4.04%	+8.2%
FTEC	Sell	FIDELITY COVINGTON TRUST FTECetf	$14,364,000	+10.8%	156,030	-1.0%	3.73%	-2.1%
V	Buy	VISA INC	$14,214,000	+6.4%	71,082	+2.7%	3.69%	-6.0%
MCD	Sell	MCDONALDS CORP	$10,335,000	+18.7%	47,088	-0.2%	2.68%	+4.9%
IBB	Sell	ISHARES TR IBBetf	$10,046,000	-1.2%	74,188	-0.3%	2.61%	-12.7%
CRM	Buy	SALESFORCE COM INC	$9,020,000	+37.4%	35,892	+2.4%	2.34%	+21.5%
NVDA	Buy	NVIDIA CORPORATION	$8,956,000	+76.4%	16,548	+23.9%	2.32%	+55.9%
WMT	Buy	WALMART INC	$8,885,000	+26.1%	63,506	+8.0%	2.31%	+11.4%
UNH	Buy	UNITEDHEALTH GROUP INC	$8,592,000	+10.6%	27,559	+4.6%	2.23%	-2.2%
JNJ	Buy	JOHNSON & JOHNSON	$8,391,000	+30.8%	56,364	+23.6%	2.18%	+15.7%
JPM	Buy	JPMORGAN CHASE & CO	$6,464,000	+3.0%	67,143	+0.6%	1.68%	-9.0%
IJR	Buy	ISHARES TR SC IJRetf	$6,375,000	+14.6%	90,768	+11.4%	1.66%	+1.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$6,346,000	+11.1%	18,767	-2.9%	1.65%	-1.8%
LMT	Sell	LOCKHEED MARTIN CORP	$5,963,000	+1.4%	15,558	-3.4%	1.55%	-10.4%
ITOT	Buy	ISHARES TR ITOTetf	$5,726,000	+9.2%	75,854	+0.5%	1.49%	-3.4%
AMD	Buy	ADVANCED MICRO DEVICES INC	$5,184,000	+137.6%	63,223	+52.5%	1.35%	+110.0%
DIA	Sell	SPDR DOW JONES INDL AVERAGE DIAetf	$4,994,000	+7.2%	17,995	-0.4%	1.30%	-5.2%
IEMG	Sell	ISHARES INC IEMGetf	$4,060,000	+5.6%	76,892	-4.8%	1.05%	-6.7%
LQD	Buy	ISHARES TR LQDetf	$3,622,000	+2.0%	26,891	+1.8%	0.94%	-9.9%
COST	Buy	COSTCO WHSL CORP NEW	$3,329,000	+27.4%	9,376	+8.8%	0.86%	+12.5%
SHY	Buy	ISHARES TR SHYetf	$3,232,000	-0.1%	37,364	+0.1%	0.84%	-11.7%
PEP	Buy	PEPSICO INC	$2,971,000	+5.9%	21,439	+1.1%	0.77%	-6.4%
PG	Buy	PROCTER AND GAMBLE CO	$2,648,000	+52.8%	19,051	+31.4%	0.69%	+35.2%
BABA	Buy	ALIBABA GROUP HLDG LTDads	$2,494,000	+139.1%	8,485	+75.5%	0.65%	+111.8%
ED	Buy	CONSOLIDATED EDISON INC	$2,314,000	+16.8%	29,748	+8.0%	0.60%	+3.3%
IEFA	Sell	ISHARES TR IEFAetf	$2,252,000	+2.2%	37,362	-3.0%	0.58%	-9.6%
MRK	Buy	MERCK & CO. INC	$2,224,000	+22.3%	26,815	+14.0%	0.58%	+8.1%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,181,000	+9.8%	36,658	+1.7%	0.57%	-3.1%
AGG	Buy	ISHARES TR AGGetf	$2,021,000	+3.9%	17,122	+4.0%	0.52%	-8.2%
FBND	Buy	FIDELITY MERRIMACK STR FBNDetf	$1,691,000	+7.8%	30,946	+6.3%	0.44%	-4.8%
DG	Buy	DOLLAR GEN CORP NEW	$1,615,000	+35.5%	7,706	+23.2%	0.42%	+19.7%
FXI	Sell	ISHARES TR CHINA FXIetf	$1,533,000	+1.5%	36,505	-4.1%	0.40%	-10.4%
IEF	Buy	ISHARES TR IEFetf	$1,526,000	+1.9%	12,527	+2.0%	0.40%	-10.0%
PYPL	Buy	PAYPAL HLDGS INC	$1,418,000	+14.7%	7,198	+1.5%	0.37%	+1.4%
UNP	Sell	UNION PAC CORP	$1,305,000	+15.8%	6,629	-0.6%	0.34%	+2.4%
GOOGL	Buy	ALPHABET INC GOOGLcap stk cl a	$1,290,000	+39.9%	880	+35.4%	0.34%	+23.6%
LLY	Buy	LILLY ELI & CO	$1,288,000	+37.6%	8,702	+52.6%	0.33%	+21.5%
WEN	Sell	WENDYS CO	$1,286,000	+2.3%	57,689	-0.1%	0.33%	-9.5%
VRP	Sell	INVESCO EXCH TRADED FD VRPetf	$1,190,000	+2.2%	48,369	-2.7%	0.31%	-9.6%
ABT	Buy	ABBOTT LABS	$1,174,000	+19.1%	10,790	+0.0%	0.30%	+5.2%
NVO	Buy	NOVO-NORDISK A Sadr	$1,160,000	+164.2%	16,702	+149.2%	0.30%	+133.3%
TEAM	Buy	ATLASSIAN CORP PLCcl a	$1,137,000	+90.5%	6,256	+88.9%	0.30%	+68.6%
BND	Buy	VANGUARD BD INDEX FDS BNDetf	$1,135,000	-0.3%	12,873	+0.0%	0.30%	-11.7%
AZN	Buy	ASTRAZENECA PLCadr	$1,126,000	+50.5%	20,550	+45.2%	0.29%	+32.7%
TGT	Buy	TARGET CORP	$1,088,000	+50.1%	6,913	+14.3%	0.28%	+32.4%
DIS	Buy	DISNEY WALT CO	$1,086,000	+18.3%	8,749	+6.3%	0.28%	+4.4%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$1,075,000	-12.0%	18,676	-5.7%	0.28%	-22.3%
BX	Buy	BLACKSTONE GROUP INC BX	$1,004,000	-7.1%	19,235	+0.8%	0.26%	-17.9%
PFF	Buy	ISHARES TR PFFetf	$978,000	+9.3%	26,836	+3.8%	0.25%	-3.4%
AMGN	Buy	AMGEN INC	$969,000	+51.2%	3,814	+40.4%	0.25%	+34.0%
T	Sell	AT&T INC	$943,000	-5.8%	33,086	-0.1%	0.24%	-16.7%
HZNP	Buy	HORIZON THERAPEUTICS PUB L	$932,000	+139.6%	12,000	+71.4%	0.24%	+112.3%
UTHR	Buy	UNITED THERAPEUTICS CORP DEL	$909,000	-6.1%	9,000	+12.5%	0.24%	-16.9%
FB	Buy	FACEBOOK INCcl a	$868,000	+36.3%	3,316	+18.1%	0.22%	+20.3%
XOM	Sell	EXXON MOBIL CORP	$842,000	-24.9%	24,513	-2.2%	0.22%	-33.4%
MYL	Buy	MYLAN NV	$801,000	+1.6%	54,000	+10.2%	0.21%	-10.0%
IJH	Buy	ISHARES TR MC IJHetf	$790,000	+4.9%	4,264	+0.7%	0.20%	-7.2%
AVGO	Buy	BROADCOM INC	$780,000	+24.2%	2,141	+7.5%	0.20%	+10.3%
BSX	Buy	BOSTON SCIENTIFIC CORP	$766,000	+9.1%	20,060	+0.3%	0.20%	-3.4%
LRCX	Buy	LAM RESEARCH CORP	$730,000	+32.7%	2,200	+29.4%	0.19%	+17.3%
INTC	Sell	INTEL CORP	$731,000	-35.9%	14,119	-25.9%	0.19%	-43.3%
TIP	Buy	ISHARES TR TIPetf	$679,000	+3.0%	5,365	+0.2%	0.18%	-9.3%
IJJ	Buy	ISHARES TR IJJetf	$674,000	+206.4%	4,999	+202.6%	0.18%	+169.2%
NVS	Sell	NOVARTIS AGadr	$657,000	-46.1%	7,550	-45.9%	0.17%	-52.2%
TLT	Buy	ISHARES TR TLTetf	$655,000	+15.5%	4,011	+15.9%	0.17%	+1.8%
CAT	Sell	CATERPILLAR INC DEL	$566,000	+16.5%	3,796	-1.1%	0.15%	+2.8%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$551,000	+50.1%	3,304	+0.0%	0.14%	+32.4%
ANTM	Buy	ANTHEM INC	$534,000	+49.2%	1,988	+45.9%	0.14%	+32.4%
NUVA	Buy	NUVASIVE INC	$534,000	+139.5%	11,000	+175.0%	0.14%	+110.6%
PFE	Sell	PFIZER INC	$520,000	-1.9%	14,165	-12.6%	0.14%	-13.5%
AMAT	New	APPLIED MATLS INC	$502,000	–	8,450	–	0.13%	–
ABBV	Buy	ABBVIE INC	$482,000	+63.4%	5,499	+83.1%	0.12%	+43.7%
FISV	New	FISERV INC	$466,000	–	4,524	–	0.12%	–
NXPI	New	NXP SEMICONDUCTORS N V	$437,000	–	3,504	–	0.11%	–
ANGO	New	ANGIODYNAMICS INC	$422,000	–	35,000	–	0.11%	–
WM	Buy	WASTE MGMT INC DEL	$415,000	+7.0%	3,668	+0.1%	0.11%	-5.3%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$413,000	-36.7%	3,395	-37.1%	0.11%	-44.3%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$399,000	-41.6%	6,624	-43.0%	0.10%	-48.3%
DBX	Buy	DROPBOX INCcl a	$385,000	+17.7%	20,000	+33.3%	0.10%	+4.2%
VXF	Buy	VANGUARD INDEX FDS VXFetf	$368,000	+9.9%	2,840	+0.2%	0.10%	-2.0%
HD	Buy	HOME DEPOT INC	$362,000	+56.0%	1,305	+40.6%	0.09%	+38.2%
GMED	New	GLOBUS MED INCcl a	$347,000	–	7,000	–	0.09%	–
BLK	Buy	BLACKROCK INC	$339,000	+3.7%	602	+0.2%	0.09%	-8.3%
DUK	Sell	DUKE ENERGY CORP NEW	$333,000	+5.0%	3,765	-5.0%	0.09%	-7.5%
ACAD	Buy	ACADIA PHARMACEUTICALS INC	$330,000	+36.4%	8,000	+60.0%	0.09%	+21.1%
EHC	New	ENCOMPASS HEALTH CORP	$325,000	–	5,000	–	0.08%	–
GBAB	Sell	GUGGENHEIM TAXABLE MUN MANAG	$321,000	-1.5%	13,607	-2.9%	0.08%	-13.5%
WDFC	Buy	WD-40 CO	$306,000	-4.7%	1,617	+0.1%	0.08%	-16.0%
TRST	Buy	TRUSTCO BK CORP N Y	$294,000	-17.4%	56,298	+0.0%	0.08%	-27.6%
VMW	Sell	VMWARE INC	$287,000	-38.3%	2,000	-33.3%	0.08%	-45.3%
MO	New	ALTRIA GROUP INC	$281,000	–	7,272	–	0.07%	–
TSLA	New	TESLA INC	$266,000	–	620	–	0.07%	–
TJX	Sell	TJX COS INC NEW	$264,000	+9.1%	4,751	-0.7%	0.07%	-2.8%
AROW	Buy	ARROW FINL CORP	$263,000	-1.5%	10,474	+16.8%	0.07%	-12.8%
CSCO	Buy	CISCO SYS INC	$256,000	-14.1%	6,488	+1.6%	0.07%	-25.0%
GSK	New	GLAXOSMITHKLINE PLCadr	$243,000	–	6,450	–	0.06%	–
F	Buy	FORD MTR CO DEL	$244,000	+93.7%	36,706	+77.2%	0.06%	+70.3%
CWB	Sell	SPDR SER TR CWBetf	$239,000	+8.6%	3,469	-4.6%	0.06%	-4.6%
ETB	Buy	EATON VANCE TAX MNGED ETB	$239,000	-2.0%	17,524	+0.1%	0.06%	-13.9%
ITGR	New	INTEGER HLDGS CORP	$236,000	–	4,000	–	0.06%	–
ISTB	Sell	ISHARES TR ISTBetf	$235,000	-2.5%	4,566	-2.3%	0.06%	-14.1%
TBIO	New	TRANSLATE BIO INC	$231,000	–	17,000	–	0.06%	–
BA	Sell	BOEING CO	$233,000	-12.4%	1,411	-2.8%	0.06%	-23.1%
RDUS	Buy	RADIUS HEALTH INC	$232,000	-5.3%	20,500	+13.9%	0.06%	-16.7%
MTB	Sell	M & T BK CORP	$228,000	-19.4%	2,475	-9.0%	0.06%	-28.9%
ORCL	Buy	ORACLE CORP	$224,000	+8.2%	3,748	+0.2%	0.06%	-4.9%
DHR	New	DANAHER CORPORATION	$215,000	–	999	–	0.06%	–
PPL	New	PPL CORP	$210,000	–	7,700	–	0.06%	–
NKE	New	NIKE INCcl b	$206,000	–	1,643	–	0.05%	–
KEY	Buy	KEYCORP	$151,000	-1.9%	12,629	+0.0%	0.04%	-13.3%
GE	Buy	GENERAL ELECTRIC CO	$122,000	-6.9%	19,545	+1.9%	0.03%	-15.8%
VYNE	New	VYNE THERAPEUTICS INC	$19,000	–	11,419	–	0.01%	–
MNLO	Exit	MENLO THERAPEUTICS INC	$0	–	-11,419	–	-0.01%	–
ELGXQ	Exit	ENDOLOGIX INC	$0	–	-65,000	–	-0.02%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-10,000	–	-0.03%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-2,704	–	-0.06%	–
TPL	Exit	TEXAS PAC LD TR	$0	–	-375	–	-0.07%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-2,105	–	-0.07%	–
C	Exit	CITIGROUP INC	$0	–	-4,654	–	-0.07%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-3,950	–	-0.13%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-20,107	–	-0.87%	–

Q2 2020

			Value		Shares		↓ Weighting
QQQ	New	INVESCO QQQ TR QQQetf	$44,250,000	–	178,716	–	13.00%	–
IVV	New	ISHARES TR IVVetf	$26,662,000	–	86,094	–	7.83%	–
MSFT	New	MICROSOFT CORP	$17,746,000	–	87,198	–	5.21%	–
SPY	New	SPDR S&P 500 ETF TR SPYetr	$16,627,000	–	53,921	–	4.88%	–
AMZN	New	AMAZON COM INC	$14,615,000	–	5,297	–	4.29%	–
V	New	VISA INC	$13,364,000	–	69,183	–	3.92%	–
FTEC	New	FIDELITY COVINGTON TR FTECetf	$12,967,000	–	157,678	–	3.81%	–
AAPL	New	APPLE INC	$12,714,000	–	34,851	–	3.74%	–
IBB	New	ISHARES TR IBBetf	$10,173,000	–	74,421	–	2.99%	–
MCD	New	MCDONALDS CORP	$8,708,000	–	47,205	–	2.56%	–
UNH	New	UNITEDHEALTH GROUP INC	$7,768,000	–	26,335	–	2.28%	–
WMT	New	WALMART INC	$7,046,000	–	58,823	–	2.07%	–
CRM	New	SALESFORCE COM INC	$6,565,000	–	35,047	–	1.93%	–
JNJ	New	JOHNSON & JOHNSON	$6,414,000	–	45,612	–	1.88%	–
JPM	New	JPMORGAN CHASE & CO	$6,276,000	–	66,724	–	1.84%	–
LMT	New	LOCKHEED MARTIN CORP	$5,879,000	–	16,109	–	1.73%	–
MA	New	MASTERCARD INCORPORATED	$5,712,000	–	19,318	–	1.68%	–
IJR	New	ISHARES TR IJRetf	$5,564,000	–	81,480	–	1.63%	–
ITOT	New	ISHARES TR ITOTetf	$5,243,000	–	75,506	–	1.54%	–
NVDA	New	NVIDIA CORPORATION	$5,076,000	–	13,360	–	1.49%	–
DIA	New	SPDR DOW JONES INDL AVE DIAetf	$4,658,000	–	18,065	–	1.37%	–
IEMG	New	ISHARES INC IEMGetf	$3,846,000	–	80,797	–	1.13%	–
LQD	New	ISHARES TR LQDetf	$3,551,000	–	26,403	–	1.04%	–
SHY	New	ISHARES TR SHYetf	$3,234,000	–	37,340	–	0.95%	–
CTXS	New	CITRIX SYS INC	$2,974,000	–	20,107	–	0.87%	–
PEP	New	PEPSICO INC	$2,805,000	–	21,211	–	0.82%	–
COST	New	COSTCO WHSL CORP NEW	$2,614,000	–	8,621	–	0.77%	–
IEFA	New	ISHARES TR IEFAetf	$2,203,000	–	38,536	–	0.65%	–
AMD	New	ADVANCED MICRO DEVICES INC	$2,182,000	–	41,468	–	0.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,987,000	–	36,050	–	0.58%	–
ED	New	CONSOLIDATED EDISON INC	$1,982,000	–	27,551	–	0.58%	–
AGG	New	ISHARES TR AGGetf	$1,946,000	–	16,459	–	0.57%	–
MRK	New	MERCK & CO. INC	$1,819,000	–	23,525	–	0.53%	–
PG	New	PROCTER AND GAMBLE CO	$1,733,000	–	14,493	–	0.51%	–
FBND	New	FIDELITY MERRIMACK STR FBNDetf	$1,569,000	–	29,101	–	0.46%	–
FXI	New	ISHARES TR FXIetf	$1,511,000	–	38,066	–	0.44%	–
IEF	New	ISHARES TR IEFetf	$1,497,000	–	12,284	–	0.44%	–
WEN	New	WENDYS CO	$1,257,000	–	57,745	–	0.37%	–
PYPL	New	PAYPAL HLDGS INC	$1,236,000	–	7,092	–	0.36%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$1,221,000	–	19,814	–	0.36%	–
NVS	New	NOVARTIS AGadr	$1,218,000	–	13,950	–	0.36%	–
DG	New	DOLLAR GEN CORP NEW	$1,192,000	–	6,257	–	0.35%	–
VRP	New	INVESCO EXCHANGE-TRADED VRPetf	$1,164,000	–	49,699	–	0.34%	–
INTC	New	INTEL CORP	$1,141,000	–	19,065	–	0.34%	–
BND	New	VANGUARD BD INDEX FDS BNDetf	$1,138,000	–	12,872	–	0.33%	–
MINT	New	PIMCO ETF TR MINTetf	$1,132,000	–	11,132	–	0.33%	–
UNP	New	UNION PAC CORP	$1,127,000	–	6,668	–	0.33%	–
XOM	New	EXXON MOBIL CORP	$1,121,000	–	25,056	–	0.33%	–
BX	New	BLACKSTONE GROUP INC	$1,081,000	–	19,083	–	0.32%	–
BABA	New	ALIBABA GROUP HLDG LTDads	$1,043,000	–	4,835	–	0.31%	–
T	New	AT&T INC	$1,001,000	–	33,125	–	0.29%	–
ABT	New	ABBOTT LABS	$986,000	–	10,788	–	0.29%	–
UTHR	New	UNITED THERAPEUTICS CORP DEL	$968,000	–	8,000	–	0.28%	–
TGTX	New	TG THERAPEUTICS INC	$951,000	–	48,800	–	0.28%	–
LLY	New	LILLY ELI & CO	$936,000	–	5,702	–	0.28%	–
GOOGL	New	ALPHABET INC GOOGLcap stk cl a	$922,000	–	650	–	0.27%	–
SNY	New	SANOFIadr	$919,000	–	18,000	–	0.27%	–
DIS	New	DISNEY WALT CO	$918,000	–	8,234	–	0.27%	–
PFF	New	ISHARES TR PFFetf	$895,000	–	25,861	–	0.26%	–
VTI	New	VANGUARD INDEX FDS VTIetf	$859,000	–	5,486	–	0.25%	–
MPC	New	MARATHON PETE CORP	$848,000	–	22,677	–	0.25%	–
MYL	New	MYLAN NV	$788,000	–	49,000	–	0.23%	–
GIS	New	GENERAL MLS INC	$773,000	–	12,534	–	0.23%	–
IJH	New	ISHARES TR IJHetf	$753,000	–	4,236	–	0.22%	–
AZN	New	ASTRAZENECA PLCadr	$748,000	–	14,150	–	0.22%	–
TGT	New	TARGET CORP	$725,000	–	6,047	–	0.21%	–
BSX	New	BOSTON SCIENTIFIC CORP	$702,000	–	20,000	–	0.21%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$683,000	–	11,619	–	0.20%	–
TIP	New	ISHARES TR TIPetf	$659,000	–	5,355	–	0.19%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$652,000	–	5,396	–	0.19%	–
AMGN	New	AMGEN INC	$641,000	–	2,717	–	0.19%	–
FB	New	FACEBOOK INC	$637,000	–	2,807	–	0.19%	–
QRVO	New	QORVO INC	$632,000	–	5,720	–	0.19%	–
AVGO	New	BROADCOM INC	$628,000	–	1,991	–	0.18%	–
TEAM	New	ATLASSIAN CORP PLC	$597,000	–	3,312	–	0.18%	–
JD	New	JD.COM INCadr	$578,000	–	9,600	–	0.17%	–
TLT	New	ISHARES TR TLTetf	$567,000	–	3,460	–	0.17%	–
LRCX	New	LAM RESEARCH CORP	$550,000	–	1,700	–	0.16%	–
AWR	New	AMER STATES WTR CO	$550,000	–	7,000	–	0.16%	–
PFE	New	PFIZER INC	$530,000	–	16,210	–	0.16%	–
CAT	New	CATERPILLAR INC DEL	$486,000	–	3,840	–	0.14%	–
TBPH	New	THERAVANCE BIOPHARMA INC	$483,000	–	23,000	–	0.14%	–
GMAB	New	GENMAB A/Sads	$471,000	–	13,897	–	0.14%	–
VMW	New	VMWARE INC	$465,000	–	3,000	–	0.14%	–
HON	New	HONEYWELL INTL INC	$467,000	–	3,228	–	0.14%	–
TXN	New	TEXAS INSTRS INC	$464,000	–	3,653	–	0.14%	–
GXC	New	SPDR INDEX SHS FDS GXCetf	$462,000	–	4,400	–	0.14%	–
HALO	New	HALOZYME THERAPEUTICS INC	$456,000	–	17,000	–	0.13%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$443,000	–	3,950	–	0.13%	–
KO	New	COCA COLA CO	$441,000	–	9,869	–	0.13%	–
NVO	New	NOVO-NORDISK A Sadr	$439,000	–	6,701	–	0.13%	–
EWH	New	ISHARES INC EWHetf	$403,000	–	18,850	–	0.12%	–
PTGX	New	PROTAGONIST THERAPEUTICS INC	$389,000	–	22,000	–	0.11%	–
HZNP	New	HORIZON THERAPEUTICS PUB LTD	$389,000	–	7,000	–	0.11%	–
HUM	New	HUMANA INC	$388,000	–	1,000	–	0.11%	–
WM	New	WASTE MGMT INC DEL	$388,000	–	3,665	–	0.11%	–
INGR	New	INGREDION INC	$384,000	–	4,625	–	0.11%	–
VUG	New	VANGUARD INDEX FDS VUGetf	$377,000	–	1,865	–	0.11%	–
UPS	New	UNITED PARCEL SERVICE INC	$367,000	–	3,303	–	0.11%	–
TRST	New	TRUSTCO BK CORP N Y	$356,000	–	56,270	–	0.10%	–
ANTM	New	ANTHEM INC	$358,000	–	1,363	–	0.10%	–
IWF	New	ISHARES TR IWFetf	$348,000	–	1,811	–	0.10%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$339,000	–	26,200	–	0.10%	–
VXF	New	VANGUARD INDEX FDS VXFetf	$335,000	–	2,834	–	0.10%	–
CI	New	CIGNA CORP NEW	$331,000	–	1,764	–	0.10%	–
GBAB	New	GUGGENHEIM TAXABLE MUN MNGD	$326,000	–	14,007	–	0.10%	–
DBX	New	DROPBOX INC	$327,000	–	15,000	–	0.10%	–
BLK	New	BLACKROCK INC	$327,000	–	601	–	0.10%	–
WDFC	New	WD-40 CO	$321,000	–	1,616	–	0.09%	–
HDB	New	HDFC BANK LTDads	$318,000	–	7,000	–	0.09%	–
DUK	New	DUKE ENERGY CORP NEW	$317,000	–	3,964	–	0.09%	–
CSCO	New	CISCO SYS INC	$298,000	–	6,386	–	0.09%	–
ABBV	New	ABBVIE INC	$295,000	–	3,004	–	0.09%	–
KLAC	New	KLA CORP	$292,000	–	1,500	–	0.09%	–
NBO	New	NEUBERGER BRMAN NY NBO	$292,000	–	25,240	–	0.09%	–
MTB	New	M & T BK CORP	$283,000	–	2,719	–	0.08%	–
UTL	New	UNITIL CORP	$280,000	–	6,253	–	0.08%	–
SDY	New	SPDR SER TR SDYetf	$275,000	–	3,016	–	0.08%	–
NEE	New	NEXTERA ENERGY INC	$274,000	–	1,142	–	0.08%	–
MGEE	New	MGE ENERGY INC	$271,000	–	4,200	–	0.08%	–
AROW	New	ARROW FINL CORP	$267,000	–	8,969	–	0.08%	–
BA	New	BOEING CO	$266,000	–	1,451	–	0.08%	–
ETB	New	EATON VANCE TAX MNGED BUY WR	$244,000	–	17,504	–	0.07%	–
RDUS	New	RADIUS HEALTH INC	$245,000	–	18,000	–	0.07%	–
TU	New	TELUS CORPORATION	$244,000	–	14,520	–	0.07%	–
ACAD	New	ACADIA PHARMACEUTICALS INC	$242,000	–	5,000	–	0.07%	–
ISTB	New	ISHARES TR ISTBetf	$241,000	–	4,674	–	0.07%	–
VOO	New	VANGUARD INDEX FDS VOOetf	$242,000	–	853	–	0.07%	–
TJX	New	TJX COS INC NEW	$242,000	–	4,785	–	0.07%	–
DGX	New	QUEST DIAGNOSTICS INC	$240,000	–	2,105	–	0.07%	–
C	New	CITIGROUP INC	$238,000	–	4,654	–	0.07%	–
HD	New	HOME DEPOT INC	$232,000	–	928	–	0.07%	–
IWD	New	ISHARES TR IWDetf	$227,000	–	2,014	–	0.07%	–
NUVA	New	NUVASIVE INC	$223,000	–	4,000	–	0.07%	–
TPL	New	TEXAS PAC LD TR	$223,000	–	375	–	0.07%	–
BAC	New	BK OF AMERICA CORP	$223,000	–	9,391	–	0.07%	–
OEF	New	ISHARES TR OEFetf	$226,000	–	1,586	–	0.07%	–
CWB	New	SPDR SER TR CWBetf	$220,000	–	3,638	–	0.06%	–
IJJ	New	ISHARES TR IJJetf	$220,000	–	1,652	–	0.06%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$220,000	–	1,800	–	0.06%	–
IJK	New	ISHARES TR IJKetf	$213,000	–	949	–	0.06%	–
L	New	LOEWS CORP	$213,000	–	6,219	–	0.06%	–
ORCL	New	ORACLE CORP	$207,000	–	3,739	–	0.06%	–
GILD	New	GILEAD SCIENCES INC	$208,000	–	2,704	–	0.06%	–
NYF	New	ISHARES TR NYFetf	$201,000	–	3,500	–	0.06%	–
ETN	New	EATON CORP PLC	$200,000	–	2,288	–	0.06%	–
KEY	New	KEYCORP	$154,000	–	12,628	–	0.04%	–
GE	New	GENERAL ELECTRIC CO	$131,000	–	19,184	–	0.04%	–
F	New	FORD MTR CO DEL	$126,000	–	20,717	–	0.04%	–
MYGN	New	MYRIAD GENETICS INC	$113,000	–	10,000	–	0.03%	–
ELGXQ	New	ENDOLOGIX INC	$52,000	–	65,000	–	0.02%	–
MNLO	New	MENLO THERAPEUTICS INC	$20,000	–	11,419	–	0.01%	–
CFMS	New	CONFORMIS INC	$8,000	–	10,000	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
CFMS	Exit	CONFORMIS INC	$0	–	-10,000	–	-0.01%	–
FOMX	Exit	FOAMIX PHARMACEUTICALS LTD	$0	–	-27,000	–	-0.02%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-20,101	–	-0.05%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-12,549	–	-0.05%	–
NRK	Exit	NUVEEN NEW YORK AMT NRK	$0	–	-13,934	–	-0.05%	–
TRST	Exit	TRUSTCO BK CORP N Y	$0	–	-23,224	–	-0.05%	–
NYF	Exit	ISHARES TRetf	$0	–	-3,500	–	-0.06%	–
BLL	Exit	BALL CORP	$0	–	-2,765	–	-0.06%	–
VWO	Exit	VANGUARD INTL EQUITY VWOetf	$0	–	-5,133	–	-0.06%	–
PTGX	Exit	PROTAGONIST THERAPEUTICS INC	$0	–	-17,000	–	-0.06%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,364	–	-0.06%	–
OEF	Exit	ISHARES TR OEFetf	$0	–	-1,596	–	-0.06%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-38,800	–	-0.06%	–
WPC	Exit	W P CAREY INC	$0	–	-2,450	–	-0.06%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-1,815	–	-0.06%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-1,562	–	-0.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-970	–	-0.06%	–
WDFC	Exit	WD-40 CO	$0	–	-1,238	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,350	–	-0.06%	–
VOO	Exit	VANGUARD INDEX FDS VOOetf	$0	–	-853	–	-0.07%	–
IHI	Exit	ISHARES TR IHIetf	$0	–	-943	–	-0.07%	–
PPL	Exit	PPL CORP	$0	–	-7,659	–	-0.07%	–
SNY	Exit	SANOFIadr	$0	–	-5,300	–	-0.07%	–
SDOG	Exit	ALPS ETF TRetf	$0	–	-5,683	–	-0.07%	–
FXI	Exit	ISHARES TR FXIetf	$0	–	-6,345	–	-0.07%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-8,055	–	-0.07%	–
HUM	Exit	HUMANA INC	$0	–	-1,000	–	-0.07%	–
ISTB	Exit	ISHARES TR ISTBetf	$0	–	-5,087	–	-0.07%	–
TJX	Exit	TJX COS INC NEW	$0	–	-4,614	–	-0.07%	–
VO	Exit	VANGUARD INDEX FDS VOetf	$0	–	-1,537	–	-0.07%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,142	–	-0.08%	–
TARO	Exit	TARO PHARMACEUTICAL INDS LTD	$0	–	-3,500	–	-0.08%	–
ETN	Exit	EATON CORP PLC	$0	–	-3,249	–	-0.08%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-2,750	–	-0.08%	–
TU	Exit	TELUS CORP	$0	–	-7,694	–	-0.08%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUN MNGD	$0	–	-11,747	–	-0.08%	–
PAYX	Exit	PAYCHEX INC	$0	–	-3,393	–	-0.08%	–
KEY	Exit	KEYCORP NEW	$0	–	-16,058	–	-0.08%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,650	–	-0.08%	–
IWD	Exit	ISHARES TR IWDetf	$0	–	-2,312	–	-0.08%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,047	–	-0.09%	–
AMGN	Exit	AMGEN INC	$0	–	-1,571	–	-0.09%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,271	–	-0.09%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-6,158	–	-0.09%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,889	–	-0.09%	–
VUG	Exit	VANGUARD INDEX FDS VUGetf	$0	–	-1,909	–	-0.09%	–
CMCSA	Exit	COMCAST CORP NEW	$0	–	-7,214	–	-0.09%	–
VXF	Exit	VANGUARD INDEX FDS VXFetf	$0	–	-2,820	–	-0.09%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-4,000	–	-0.09%	–
CSCO	Exit	CISCO SYS INC	$0	–	-6,640	–	-0.09%	–
ETB	Exit	EATON VANCE TAX MNGED ETB	$0	–	-21,399	–	-0.10%	–
MGEE	Exit	MGE ENERGY INC	$0	–	-4,200	–	-0.10%	–
PCRX	Exit	PACIRA BIOSCIENCES	$0	–	-9,000	–	-0.10%	–
INTC	Exit	INTEL CORP	$0	–	-6,591	–	-0.10%	–
TBPH	Exit	THERAVANCE BIOPHARMA INC	$0	–	-17,500	–	-0.10%	–
NBO	Exit	NEUBERGER BRMAN NY MUNI NBO	$0	–	-27,490	–	-0.10%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-26,200	–	-0.10%	–
FB	Exit	FACEBOOK INC	$0	–	-2,057	–	-0.10%	–
AROW	Exit	ARROW FINL CORP	$0	–	-11,193	–	-0.11%	–
INGR	Exit	INGREDION INC	$0	–	-4,725	–	-0.11%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,613	–	-0.11%	–
IWF	Exit	ISHARES TR IWFetf	$0	–	-2,440	–	-0.11%	–
SDY	Exit	SPDR SERIES TRUST SDYetf	$0	–	-3,803	–	-0.11%	–
L	Exit	LOEWS CORP	$0	–	-7,669	–	-0.11%	–
GXC	Exit	SPDR INDEX SHS FDS GXCetf	$0	–	-4,400	–	-0.11%	–
UTL	Exit	UNITIL CORP	$0	–	-6,253	–	-0.11%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-9,834	–	-0.12%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-3,529	–	-0.12%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,156	–	-0.12%	–
MS	Exit	MORGAN STANLEY	$0	–	-9,797	–	-0.12%	–
TLT	Exit	ISHARES TR TLTetf	$0	–	-2,930	–	-0.12%	–
EWH	Exit	ISHARES INC EWHetf	$0	–	-19,350	–	-0.13%	–
MTB	Exit	M & T BK CORP	$0	–	-2,838	–	-0.13%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-3,938	–	-0.14%	–
KO	Exit	COCA COLA CO	$0	–	-8,965	–	-0.14%	–
WMT	Exit	WALMART INC	$0	–	-4,173	–	-0.14%	–
PFE	Exit	PFIZER INC	$0	–	-13,965	–	-0.14%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-4,119	–	-0.15%	–
GMAB	Exit	GENMAB A Sads	$0	–	-26,897	–	-0.16%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,228	–	-0.16%	–
GOOGL	Exit	ALPHABET INC GOOGLcap a	$0	–	-450	–	-0.16%	–
BABA	Exit	ALIBABA GROUP HLDG LTDads	$0	–	-3,360	–	-0.16%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,884	–	-0.16%	–
NVS	Exit	NOVARTIS A Gadr	$0	–	-6,555	–	-0.16%	–
AWR	Exit	AMERICAN STS WTR CO	$0	–	-7,000	–	-0.18%	–
IBB	Exit	ISHARES TR IBBetf	$0	–	-6,365	–	-0.18%	–
NFLX	Exit	NETFLIX INC	$0	–	-2,432	–	-0.19%	–
TIP	Exit	ISHARES TR TIPS TIPetf	$0	–	-5,902	–	-0.20%	–
GIS	Exit	GENERAL MLS INC	$0	–	-12,534	–	-0.20%	–
AZN	Exit	ASTRAZENECA PLCadr	$0	–	-16,150	–	-0.21%	–
PFF	Exit	ISHARES TR PFFetf	$0	–	-19,354	–	-0.21%	–
FBND	Exit	FIDELITY FBNDetf	$0	–	-15,832	–	-0.24%	–
ABT	Exit	ABBOTT LABS	$0	–	-10,426	–	-0.25%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-5,600	–	-0.26%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-19,649	–	-0.28%	–
VOE	Exit	VANGUARD INDEX FDS VOEetf	$0	–	-9,559	–	-0.31%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-6,712	–	-0.31%	–
BND	Exit	VANGUARD BD INDEX FD BNDetf	$0	–	-13,363	–	-0.32%	–
IEF	Exit	ISHARES TR IEFetf	$0	–	-10,633	–	-0.34%	–
MINT	Exit	PIMCO ETF TR MINTetf	$0	–	-12,331	–	-0.36%	–
WEN	Exit	WENDYS CO	$0	–	-63,358	–	-0.36%	–
VTI	Exit	VANGUARD INDEX FDS VTIetf	$0	–	-8,560	–	-0.37%	–
T	Exit	AT&T INC	$0	–	-35,867	–	-0.39%	–
MRK	Exit	MERCK & CO INC	$0	–	-16,206	–	-0.39%	–
VRP	Exit	INVESCO EXCHNG TRADED VRPetf	$0	–	-53,596	–	-0.39%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-22,677	–	-0.40%	–
IEFA	Exit	ISHARES TR IEFAetf	$0	–	-23,858	–	-0.42%	–
RTN	Exit	RAYTHEON CO	$0	–	-8,565	–	-0.48%	–
AGG	Exit	ISHARES TR AGGetf	$0	–	-15,182	–	-0.49%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-17,359	–	-0.52%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-15,320	–	-0.55%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-29,684	–	-0.60%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-35,326	–	-0.64%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-38,049	–	-0.66%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-27,014	–	-0.73%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-21,968	–	-0.75%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-21,422	–	-0.80%	–
SHY	Exit	ISHARES TR SHYetf	$0	–	-35,612	–	-0.87%	–
PEP	Exit	PEPSICO INC	$0	–	-22,388	–	-0.88%	–
LQD	Exit	ISHARES TR LQDetf	$0	–	-26,202	–	-0.96%	–
IEMG	Exit	ISHARES INC IEMGetf	$0	–	-73,758	–	-1.04%	–
MA	Exit	MASTERCARD INCetf	$0	–	-19,098	–	-1.49%	–
ITOT	Exit	ISHARES TR ITOTetf	$0	–	-78,229	–	-1.50%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFetf	$0	–	-19,704	–	-1.52%	–
IJK	Exit	ISHARES TR MC IJKetf	$0	–	-26,313	–	-1.69%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-27,627	–	-1.72%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-41,834	–	-1.78%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-17,642	–	-1.97%	–
AAPL	Exit	APPLE INC	$0	–	-33,138	–	-2.13%	–
BA	Exit	BOEING CO	$0	–	-20,150	–	-2.20%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-65,781	–	-2.22%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,210	–	-2.60%	–
IJJ	Exit	ISHARES TR MC IJJetf	$0	–	-57,659	–	-2.64%	–
FTEC	Exit	FIDELITY COVINGTON FTECetf	$0	–	-149,634	–	-2.74%	–
MCD	Exit	MCDONALDS CORP	$0	–	-46,923	–	-2.89%	–
IJH	Exit	ISHARES TR MC IJHetf	$0	–	-52,881	–	-2.93%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-86,528	–	-3.45%	–
V	Exit	VISA INC	$0	–	-99,386	–	-4.90%	–
QQQ	Exit	INVESCO QQQ TRetf	$0	–	-95,126	–	-5.15%	–
IJR	Exit	ISHARES TR IJRetf	$0	–	-263,726	–	-5.89%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TR MDYetf	$0	–	-60,059	–	-6.07%	–
SPY	Exit	SPDR S&P 500 ETF TR SPYetf	$0	–	-99,030	–	-8.43%	–
IVV	Exit	ISHARES TR IVVetf	$0	–	-112,485	–	-9.64%	–

Q3 2019

			Value		Shares		↓ Weighting
IVV	Buy	ISHARES TR IVVetf	$33,585,000	+9.7%	112,485	+8.3%	9.64%	+5.3%
SPY	Sell	SPDR S&P 500 ETF TR SPYetf	$29,389,000	+0.9%	99,030	-0.4%	8.43%	-3.2%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TR MDYetf	$21,169,000	-1.3%	60,059	-0.7%	6.07%	-5.3%
IJR	Buy	ISHARES TR IJRetf	$20,528,000	+2.1%	263,726	+2.7%	5.89%	-2.0%
QQQ	Sell	INVESCO QQQ TRetf	$17,961,000	+0.3%	95,126	-0.9%	5.15%	-3.8%
V	Buy	VISA INC	$17,095,000	+0.5%	99,386	+1.4%	4.90%	-3.6%
MSFT	Buy	MICROSOFT CORP	$12,030,000	+6.0%	86,528	+2.1%	3.45%	+1.7%
IJH	Buy	ISHARES TR MC IJHetf	$10,218,000	+9.0%	52,881	+9.6%	2.93%	+4.6%
MCD	Buy	MCDONALDS CORP	$10,074,000	+6.0%	46,923	+2.5%	2.89%	+1.7%
FTEC	Buy	FIDELITY COVINGTON FTECetf	$9,542,000	+6.2%	149,634	+3.7%	2.74%	+1.9%
IJJ	Buy	ISHARES TR MC IJJetf	$9,219,000	+2.6%	57,659	+2.4%	2.64%	-1.5%
AMZN	Buy	AMAZON COM INC	$9,045,000	-5.6%	5,210	+3.0%	2.60%	-9.4%
JPM	Buy	JPMORGAN CHASE & CO	$7,742,000	+10.4%	65,781	+4.8%	2.22%	+5.9%
BA	Buy	BOEING CO	$7,666,000	+14.9%	20,150	+10.0%	2.20%	+10.3%
AAPL	Buy	APPLE INC	$7,422,000	+17.1%	33,138	+3.5%	2.13%	+12.4%
LMT	Buy	LOCKHEED MARTIN CORP	$6,882,000	+8.9%	17,642	+1.4%	1.97%	+4.4%
CRM	Buy	SALESFORCE COM INC	$6,210,000	+3.3%	41,834	+5.6%	1.78%	-0.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$6,004,000	-9.5%	27,627	+1.6%	1.72%	-13.2%
IJK	Buy	ISHARES TR MC IJKetf	$5,891,000	+1.8%	26,313	+3.0%	1.69%	-2.3%
DIA	Sell	SPDR DOW JONES INDL AVRG ETFetf	$5,304,000	-0.5%	19,704	-1.7%	1.52%	-4.5%
ITOT	Buy	ISHARES TR ITOTetf	$5,247,000	+8.6%	78,229	+7.9%	1.50%	+4.2%
MA	Buy	MASTERCARD INCetf	$5,186,000	+10.4%	19,098	+7.5%	1.49%	+5.9%
IEMG	Buy	ISHARES INC IEMGetf	$3,615,000	+0.4%	73,758	+5.4%	1.04%	-3.6%
LQD	Buy	ISHARES TR LQDetf	$3,340,000	+3.6%	26,202	+1.1%	0.96%	-0.6%
PEP	Buy	PEPSICO INC	$3,069,000	+6.6%	22,388	+1.9%	0.88%	+2.2%
SHY	Buy	ISHARES TR SHYetf	$3,021,000	+2.2%	35,612	+2.2%	0.87%	-1.9%
JNJ	Buy	JOHNSON & JOHNSON	$2,771,000	+57.3%	21,422	+69.3%	0.80%	+50.9%
CVX	Buy	CHEVRON CORP NEW	$2,605,000	+0.1%	21,968	+5.0%	0.75%	-4.0%
ED	Buy	CONSOLIDATED EDISON INC	$2,552,000	+10.0%	27,014	+2.1%	0.73%	+5.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,297,000	+5.5%	38,049	-0.1%	0.66%	+1.2%
GILD	Buy	GILEAD SCIENCES INC	$2,239,000	+12.2%	35,326	+19.6%	0.64%	+7.5%
XOM	Sell	EXXON MOBIL CORP	$2,096,000	-8.0%	29,684	-0.1%	0.60%	-11.7%
PG	Buy	PROCTER & GAMBLE CO	$1,905,000	+42.3%	15,320	+25.4%	0.55%	+36.8%
PYPL	Buy	PAYPAL HLDGS INC	$1,799,000	+73.8%	17,359	+91.9%	0.52%	+67.0%
AGG	Buy	ISHARES TR AGGetf	$1,718,000	+1.9%	15,182	+0.3%	0.49%	-2.2%
RTN	Sell	RAYTHEON CO	$1,680,000	+11.8%	8,565	-0.9%	0.48%	+7.3%
IEFA	Sell	ISHARES TR IEFAetf	$1,463,000	-1.7%	23,858	-1.5%	0.42%	-5.6%
MPC	Buy	MARATHON PETE CORP	$1,378,000	+18.1%	22,677	+8.6%	0.40%	+13.2%
MRK	Buy	MERCK & CO INC	$1,364,000	+12.4%	16,206	+11.9%	0.39%	+7.7%
VRP	Sell	INVESCO EXCHNG TRADED VRPetf	$1,362,000	+1.2%	53,596	-0.8%	0.39%	-2.7%
T	Sell	AT&T INC	$1,357,000	+12.8%	35,867	-0.1%	0.39%	+8.1%
VTI	Sell	VANGUARD INDEX FDS VTIetf	$1,292,000	-1.5%	8,560	-2.1%	0.37%	-5.4%
WEN	Sell	WENDYS CO	$1,266,000	-1.5%	63,358	-3.5%	0.36%	-5.5%
MINT	Sell	PIMCO ETF TR MINTetf	$1,254,000	-1.8%	12,331	-1.8%	0.36%	-5.8%
IEF	Buy	ISHARES TR IEFetf	$1,195,000	+4.1%	10,633	+1.9%	0.34%	0.0%
BND	Sell	VANGUARD BD INDEX FD BNDetf	$1,129,000	-1.7%	13,363	-3.4%	0.32%	-5.8%
UNP	Buy	UNION PACIFIC CORP	$1,087,000	-4.2%	6,712	+0.0%	0.31%	-8.0%
VOE	Buy	VANGUARD INDEX FDS VOEetf	$1,080,000	+2.0%	9,559	+0.6%	0.31%	-2.2%
BX	New	BLACKSTONE GROUP INC	$960,000	–	19,649	–	0.28%	–
DG	Buy	DOLLAR GEN CORP NEW	$890,000	+38.4%	5,600	+17.7%	0.26%	+32.8%
ABT	Buy	ABBOTT LABS	$873,000	+0.7%	10,426	+1.2%	0.25%	-3.5%
FBND	Buy	FIDELITY FBNDetf	$819,000	+25.2%	15,832	+23.6%	0.24%	+19.9%
PFF	Buy	ISHARES TR PFFetf	$726,000	+2.1%	19,354	+0.2%	0.21%	-2.3%
AZN	Buy	ASTRAZENECA PLCadr	$720,000	+13.2%	16,150	+4.9%	0.21%	+8.9%
TIP	Sell	ISHARES TR TIPS TIPetf	$687,000	-0.1%	5,902	-0.8%	0.20%	-4.4%
NFLX	Sell	NETFLIX INC	$651,000	-32.6%	2,432	-7.6%	0.19%	-35.3%
IBB	Sell	ISHARES TR IBBetf	$633,000	-8.9%	6,365	-0.0%	0.18%	-12.5%
NVS	New	NOVARTIS A Gadr	$570,000	–	6,555	–	0.16%	–
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$565,000	+20.0%	3,884	+13.6%	0.16%	+14.9%
BABA	Sell	ALIBABA GROUP HLDG LTDads	$562,000	-19.3%	3,360	-18.2%	0.16%	-22.6%
GOOGL	Sell	ALPHABET INC GOOGLcap a	$550,000	-40.3%	450	-47.1%	0.16%	-42.5%
GMAB	New	GENMAB A Sads	$545,000	–	26,897	–	0.16%	–
CAT	Buy	CATERPILLAR INC DEL	$520,000	-7.3%	4,119	+0.1%	0.15%	-11.3%
PFE	Sell	PFIZER INC	$502,000	-18.9%	13,965	-2.3%	0.14%	-22.2%
WMT	Buy	WALMART INC	$495,000	+10.7%	4,173	+3.1%	0.14%	+6.0%
UPS	Buy	UNITED PARCEL SERVICE INC	$472,000	+16.0%	3,938	+0.0%	0.14%	+10.7%
MTB	Sell	M & T BK CORP	$448,000	-11.6%	2,838	-4.8%	0.13%	-15.1%
MS	Sell	MORGAN STANLEY	$418,000	-5.6%	9,797	-3.0%	0.12%	-9.1%
TLT	Buy	ISHARES TR TLTetf	$419,000	+33.4%	2,930	+23.8%	0.12%	+27.7%
DIS	Buy	DISNEY WALT CO	$411,000	-0.7%	3,156	+6.3%	0.12%	-4.8%
WM	Buy	WASTE MGMT INC DEL	$406,000	+3.6%	3,529	+4.0%	0.12%	-0.9%
MO	Sell	ALTRIA GROUP INC	$403,000	-25.9%	9,834	-14.3%	0.12%	-28.8%
ANTM	Buy	ANTHEM INC	$387,000	+21.7%	1,613	+43.0%	0.11%	+16.8%
AROW	Sell	ARROW FINL CORP	$374,000	-4.3%	11,193	-0.7%	0.11%	-8.5%
AQN	Buy	ALGONQUIN PWR UTILS CORP	$359,000	+18.5%	26,200	+4.8%	0.10%	+13.2%
INTC	Buy	INTEL CORP	$340,000	+7.9%	6,591	+0.1%	0.10%	+4.3%
PCRX	New	PACIRA BIOSCIENCES	$343,000	–	9,000	–	0.10%	–
TBPH	Sell	THERAVANCE BIOPHARMA INC	$341,000	-14.8%	17,500	-28.6%	0.10%	-18.3%
ETB	Sell	EATON VANCE TAX MNGED ETB	$335,000	0.0%	21,399	-0.1%	0.10%	-4.0%
VXF	Buy	VANGUARD INDEX FDS VXFetf	$328,000	-1.8%	2,820	+0.2%	0.09%	-6.0%
ABC	New	AMERISOURCEBERGEN CORP	$329,000	–	4,000	–	0.09%	–
CSCO	Buy	CISCO SYS INC	$328,000	-9.6%	6,640	+0.0%	0.09%	-13.8%
CMCSA	Buy	COMCAST CORP NEW	$325,000	+11.7%	7,214	+4.8%	0.09%	+6.9%
VUG	Sell	VANGUARD INDEX FDS VUGetf	$317,000	+0.3%	1,909	-1.2%	0.09%	-3.2%
AGN	Sell	ALLERGAN PLC	$318,000	-35.9%	1,889	-36.3%	0.09%	-38.5%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$313,000	-35.2%	6,158	-42.2%	0.09%	-37.5%
UTX	Sell	UNITED TECHNOLOGIES CORP	$310,000	-2.2%	2,271	-6.8%	0.09%	-6.3%
AMGN	New	AMGEN INC	$304,000	–	1,571	–	0.09%	–
COST	Sell	COSTCO WHSL CORP NEW	$301,000	+5.6%	1,047	-2.8%	0.09%	+1.2%
ALXN	Sell	ALEXION PHARMACEUTICALS INC	$269,000	-36.9%	2,750	-15.4%	0.08%	-39.4%
ETN	Sell	EATON CORP PLC	$270,000	-3.2%	3,249	-3.1%	0.08%	-7.2%
TARO	New	TARO PHARMACEUTICAL INDS LTD	$264,000	–	3,500	–	0.08%	–
TJX	Buy	TJX COS INC NEW	$257,000	+5.3%	4,614	+0.0%	0.07%	+1.4%
ISTB	Sell	ISHARES TR ISTBetf	$257,000	-2.7%	5,087	-2.9%	0.07%	-6.3%
SU	Sell	SUNCOR ENERGY INC NEW	$254,000	-2.7%	8,055	-3.7%	0.07%	-6.4%
PPL	Buy	PPL CORP	$241,000	+1.7%	7,659	+0.1%	0.07%	-2.8%
IHI	New	ISHARES TR IHIetf	$233,000	–	943	–	0.07%	–
DHR	New	DANAHER CORPORATION	$225,000	–	1,562	–	0.06%	–
DUK	Sell	DUKE ENERGY CORP NEW	$225,000	+1.8%	2,350	-6.1%	0.06%	-1.5%
HD	Buy	HOME DEPOT INC	$225,000	+11.4%	970	+0.1%	0.06%	+8.3%
WDFC	New	WD-40 CO	$227,000	–	1,238	–	0.06%	–
WPC	New	W P CAREY INC	$219,000	–	2,450	–	0.06%	–
OEF	Sell	ISHARES TR OEFetf	$210,000	+1.4%	1,596	-0.2%	0.06%	-3.2%
VWO	Sell	VANGUARD INTL EQUITY VWOetf	$206,000	-5.9%	5,133	-0.7%	0.06%	-9.2%
BLL	New	BALL CORP	$201,000	–	2,765	–	0.06%	–
NYF	New	ISHARES TRetf	$200,000	–	3,500	–	0.06%	–
TRST	Buy	TRUSTCO BK CORP N Y	$189,000	+9.9%	23,224	+7.1%	0.05%	+5.9%
GE	Sell	GENERAL ELECTRIC CO	$179,000	-17.5%	20,101	-2.3%	0.05%	-21.5%
FOMX	Buy	FOAMIX PHARMACEUTICALS LTD	$82,000	+70.8%	27,000	+35.0%	0.02%	+71.4%
DEO	Exit	DIAGEO P L Cspon adr	$0	–	-1,248	–	-0.06%	–
HZNP	Exit	HORIZON THERAPEUTICS PUB LTD	$0	–	-9,000	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,399	–	-0.09%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr	$0	–	-6,439	–	-0.12%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-17,615	–	-0.23%	–
GOOG	Exit	ALPHABET INC GOOGcap stk cl c	$0	–	-1,144	–	-0.37%	–

Q2 2019

			Value		Shares		↓ Weighting
IVV	New	ISHARES TR IVVetf	$30,612,000	–	103,858	–	9.15%	–
SPY	New	SPDR S&P 500 ETF TR SPYetf	$29,123,000	–	99,395	–	8.71%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TR MDYetf	$21,453,000	–	60,500	–	6.41%	–
IJR	New	ISHARES TR IJRetf	$20,104,000	–	256,816	–	6.01%	–
QQQ	New	INVESCO QQQ TRetf	$17,916,000	–	95,944	–	5.36%	–
V	New	VISA INC	$17,008,000	–	98,003	–	5.08%	–
MSFT	New	MICROSOFT CORP	$11,353,000	–	84,749	–	3.39%	–
AMZN	New	AMAZON COM INC	$9,581,000	–	5,059	–	2.86%	–
MCD	New	MCDONALDS CORP	$9,506,000	–	45,775	–	2.84%	–
IJH	New	ISHARES TR IJHetf	$9,375,000	–	48,261	–	2.80%	–
FTEC	New	FIDELITY TECH FTECetf	$8,988,000	–	144,314	–	2.69%	–
IJJ	New	ISHARES TR IJJetf	$8,982,000	–	56,324	–	2.68%	–
JPM	New	JPMORGAN CHASE & CO	$7,015,000	–	62,749	–	2.10%	–
BA	New	BOEING CO	$6,669,000	–	18,320	–	1.99%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,632,000	–	27,179	–	1.98%	–
AAPL	New	APPLE INC	$6,336,000	–	32,014	–	1.89%	–
LMT	New	LOCKHEED MARTIN CORP	$6,322,000	–	17,392	–	1.89%	–
CRM	New	SALESFORCE COM INC	$6,011,000	–	39,617	–	1.80%	–
IJK	New	ISHARES TR IJKetf	$5,784,000	–	25,559	–	1.73%	–
DIA	New	SPDR DOW JONES INDL AVRG ETF DIAetf	$5,329,000	–	20,047	–	1.59%	–
ITOT	New	ISHARES TR ITOTetf	$4,831,000	–	72,514	–	1.44%	–
MA	New	MASTERCARD INC	$4,699,000	–	17,762	–	1.40%	–
IEMG	New	ISHARES INC IEMGetf	$3,600,000	–	69,989	–	1.08%	–
LQD	New	ISHARES TR LQDetf	$3,225,000	–	25,929	–	0.96%	–
SHY	New	ISHARES TR SHYetf	$2,956,000	–	34,860	–	0.88%	–
PEP	New	PEPSICO INC	$2,880,000	–	21,962	–	0.86%	–
CVX	New	CHEVRON CORP NEW	$2,603,000	–	20,912	–	0.78%	–
ED	New	CONSOLIDATED EDISON INC	$2,320,000	–	26,454	–	0.69%	–
XOM	New	EXXON MOBIL CORP	$2,278,000	–	29,728	–	0.68%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,177,000	–	38,100	–	0.65%	–
GILD	New	GILEAD SCIENCES INC	$1,996,000	–	29,546	–	0.60%	–
JNJ	New	JOHNSON & JOHNSON	$1,762,000	–	12,650	–	0.53%	–
AGG	New	ISHARES TR AGGetf	$1,686,000	–	15,144	–	0.50%	–
RTN	New	RAYTHEON CO	$1,503,000	–	8,640	–	0.45%	–
IEFA	New	ISHARES TR IEFAetf	$1,488,000	–	24,230	–	0.44%	–
VRP	New	INVESCO EXCHNG TRADED FD VRPetf	$1,346,000	–	54,019	–	0.40%	–
PG	New	PROCTER AND GAMBLE CO	$1,339,000	–	12,213	–	0.40%	–
VTI	New	VANGUARD INDEX FDS VTIetf	$1,312,000	–	8,743	–	0.39%	–
WEN	New	WENDYS CO	$1,285,000	–	65,625	–	0.38%	–
MINT	New	PIMCO ETF TR MINTetf	$1,277,000	–	12,552	–	0.38%	–
GOOG	New	ALPHABET INC GOOGcap stk cl c	$1,236,000	–	1,144	–	0.37%	–
MRK	New	MERCK & CO INC	$1,214,000	–	14,480	–	0.36%	–
T	New	AT&T INC	$1,203,000	–	35,895	–	0.36%	–
MPC	New	MARATHON PETE CORP	$1,167,000	–	20,877	–	0.35%	–
BND	New	VANGUARD BD INDEX FD BNDetf	$1,149,000	–	13,831	–	0.34%	–
IEF	New	ISHARES TR IEFetf	$1,148,000	–	10,433	–	0.34%	–
UNP	New	UNION PACIFIC CORP	$1,135,000	–	6,711	–	0.34%	–
VOE	New	VANGUARD INDEX FDS VOEetf	$1,059,000	–	9,504	–	0.32%	–
PYPL	New	PAYPAL HLDGS INC	$1,035,000	–	9,045	–	0.31%	–
NFLX	New	NETFLIX INC	$966,000	–	2,631	–	0.29%	–
GOOGL	New	ALPHABET INC GOOGLcap stk cl a	$921,000	–	851	–	0.28%	–
ABT	New	ABBOTT LABS	$867,000	–	10,305	–	0.26%	–
BX	New	BLACKSTONE GROUP L P	$782,000	–	17,615	–	0.23%	–
PFF	New	ISHARES TR PFFetf	$711,000	–	19,315	–	0.21%	–
IBB	New	ISHARES TR IBBetf	$695,000	–	6,368	–	0.21%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$696,000	–	4,110	–	0.21%	–
TIP	New	ISHARES TR TIPetf	$688,000	–	5,951	–	0.21%	–
GIS	New	GENERAL MLS INC	$659,000	–	12,534	–	0.20%	–
FBND	New	FIDELITY FBNDetf	$654,000	–	12,807	–	0.20%	–
DG	New	DOLLAR GEN CORP NEW	$643,000	–	4,756	–	0.19%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$636,000	–	15,400	–	0.19%	–
PFE	New	PFIZER INC	$619,000	–	14,296	–	0.18%	–
HON	New	HONEYWELL INTL INC	$564,000	–	3,228	–	0.17%	–
CAT	New	CATERPILLAR INC DEL	$561,000	–	4,116	–	0.17%	–
MO	New	ALTRIA GROUP INC	$544,000	–	11,480	–	0.16%	–
AWR	New	AMERICAN STS WTR CO	$527,000	–	7,000	–	0.16%	–
MTB	New	M & T BK CORP	$507,000	–	2,982	–	0.15%	–
EWH	New	ISHARES INC EWHetf	$501,000	–	19,350	–	0.15%	–
AGN	New	ALLERGAN PLC	$496,000	–	2,964	–	0.15%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$483,000	–	10,655	–	0.14%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$471,000	–	3,418	–	0.14%	–
KO	New	COCA COLA CO	$456,000	–	8,965	–	0.14%	–
WMT	New	WALMART INC	$447,000	–	4,047	–	0.13%	–
MS	New	MORGAN STANLEY	$443,000	–	10,102	–	0.13%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$426,000	–	3,250	–	0.13%	–
GXC	New	SPDR INDEX SHS FDS GXCetf	$421,000	–	4,400	–	0.13%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr	$419,000	–	6,439	–	0.12%	–
L	New	LOEWS CORP	$419,000	–	7,669	–	0.12%	–
DIS	New	DISNEY WALT CO	$414,000	–	2,968	–	0.12%	–
UPS	New	UNITED PARCEL SERVICE INC	$407,000	–	3,937	–	0.12%	–
TBPH	New	THERAVANCE BIOPHARMA INC	$400,000	–	24,500	–	0.12%	–
FB	New	FACEBOOK INC	$397,000	–	2,057	–	0.12%	–
AROW	New	ARROW FINL CORP	$391,000	–	11,270	–	0.12%	–
WM	New	WASTE MGMT INC DEL	$392,000	–	3,392	–	0.12%	–
INGR	New	INGREDION INC	$390,000	–	4,725	–	0.12%	–
IWF	New	ISHARES TR IWFetf	$384,000	–	2,440	–	0.12%	–
SDY	New	SPDR SERIES TRUST SDYetf	$384,000	–	3,803	–	0.12%	–
UTL	New	UNITIL CORP	$375,000	–	6,253	–	0.11%	–
CSCO	New	CISCO SYS INC	$363,000	–	6,637	–	0.11%	–
NBO	New	NEUBERGER BRMAN NY MUNI FD I	$337,000	–	27,490	–	0.10%	–
ETB	New	EATON VANCE TAX MNGED ETB	$335,000	–	21,423	–	0.10%	–
VXF	New	VANGUARD INDEX FDS VXFetf	$334,000	–	2,814	–	0.10%	–
TGTX	New	TG THERAPEUTICS INC	$336,000	–	38,800	–	0.10%	–
ANTM	New	ANTHEM INC	$318,000	–	1,128	–	0.10%	–
UTX	New	UNITED TECHNOLOGIES CORP	$317,000	–	2,438	–	0.10%	–
TLT	New	ISHARES TR TLTetf	$314,000	–	2,366	–	0.09%	–
VUG	New	VANGUARD INDEX FDS VUGetf	$316,000	–	1,932	–	0.09%	–
INTC	New	INTEL CORP	$315,000	–	6,585	–	0.09%	–
MGEE	New	MGE ENERGY INC	$307,000	–	4,200	–	0.09%	–
ORCL	New	ORACLE CORP	$308,000	–	5,399	–	0.09%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$303,000	–	25,000	–	0.09%	–
IWD	New	ISHARES TRetf	$294,000	–	2,312	–	0.09%	–
LLY	New	LILLY ELI & CO	$294,000	–	2,650	–	0.09%	–
CMCSA	New	COMCAST CORP NEWcl a	$291,000	–	6,884	–	0.09%	–
KEY	New	KEYCORP NEW	$285,000	–	16,058	–	0.08%	–
COST	New	COSTCO WHSL CORP NEW	$285,000	–	1,077	–	0.08%	–
TU	New	TELUS CORP	$284,000	–	7,694	–	0.08%	–
GBAB	New	GUGGENHEIM TAXABLE MUN MNGD	$282,000	–	11,747	–	0.08%	–
PAYX	New	PAYCHEX INC	$279,000	–	3,393	–	0.08%	–
ETN	New	EATON CORP PLC	$279,000	–	3,354	–	0.08%	–
FXI	New	ISHARES TR FXIetf	$271,000	–	6,345	–	0.08%	–
ISTB	New	ISHARES TR ISTBetf	$264,000	–	5,241	–	0.08%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$263,000	–	1,815	–	0.08%	–
HUM	New	HUMANA INC	$265,000	–	1,000	–	0.08%	–
SU	New	SUNCOR ENERGY INC NEW	$261,000	–	8,363	–	0.08%	–
VO	New	VANGUARD INDEX FDS VOetf	$257,000	–	1,537	–	0.08%	–
SDOG	New	ALPS ETF TR SDOGetf	$247,000	–	5,683	–	0.07%	–
TJX	New	TJX COS INC NEW	$244,000	–	4,613	–	0.07%	–
PPL	New	PPL CORP	$237,000	–	7,650	–	0.07%	–
NEE	New	NEXTERA ENERGY INC	$234,000	–	1,142	–	0.07%	–
VOO	New	VANGUARD INDEX FDS VOOetf	$230,000	–	853	–	0.07%	–
SNY	New	SANOFIsponsored adr	$229,000	–	5,300	–	0.07%	–
DUK	New	DUKE ENERGY CORP NEW	$221,000	–	2,502	–	0.07%	–
VWO	New	VANGUARD INTL EQUITY INDEX VWOetf	$219,000	–	5,171	–	0.06%	–
HZNP	New	HORIZON THERAPEUTICS PUB LTD	$217,000	–	9,000	–	0.06%	–
GE	New	GENERAL ELECTRIC CO	$217,000	–	20,578	–	0.06%	–
DEO	New	DIAGEO P L Cspon adr	$215,000	–	1,248	–	0.06%	–
CI	New	CIGNA CORP NEW	$215,000	–	1,364	–	0.06%	–
PTGX	New	PROTAGONIST THERAPEUTICS INC	$206,000	–	17,000	–	0.06%	–
OEF	New	ISHARES TR OEFetf	$207,000	–	1,599	–	0.06%	–
HD	New	HOME DEPOT INC	$202,000	–	969	–	0.06%	–
NRK	New	NUVEEN NEW YORK AMT QLT NRK	$182,000	–	13,934	–	0.05%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$173,000	–	12,549	–	0.05%	–
TRST	New	TRUSTCO BK CORP N Y	$172,000	–	21,675	–	0.05%	–
FOMX	New	FOAMIX PHARMACEUTICALS LTD	$48,000	–	20,000	–	0.01%	–
CFMS	New	CONFORMIS INC	$44,000	–	10,000	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
FOMX	Exit	FOAMIX PHARMACEUTICALS LTD	$0	–	-20,500	–	-0.04%	–
NRK	Exit	NUVEEN NEW YORK AMT QLT MUNI	$0	–	-13,252	–	-0.05%	–
TRST	Exit	TRUSTCO BK CORP N Y	$0	–	-19,848	–	-0.05%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-12,549	–	-0.06%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX F VWOetf	$0	–	-4,713	–	-0.06%	–
NVRO	Exit	NEVRO CORP	$0	–	-3,550	–	-0.06%	–
DIS	Exit	DISNEY WALT CO	$0	–	-1,770	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,616	–	-0.06%	–
BABA	Exit	ALIBABA GROUP HLDG LTDads	$0	–	-1,295	–	-0.07%	–
LAZ	Exit	LAZARD LTD	$0	–	-4,500	–	-0.07%	–
OEF	Exit	ISHARES TR OEFetf	$0	–	-1,726	–	-0.07%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-19,792	–	-0.07%	–
CWB	Exit	SPDR SERIES TRUST CWBetf	$0	–	-4,188	–	-0.07%	–
PGX	Exit	INVESCO EXCHNG TRADED FD TR PGXetf	$0	–	-16,306	–	-0.07%	–
CSCO	Exit	CISCO SYS INC	$0	–	-4,805	–	-0.07%	–
TJX	Exit	TJX COS INC NEW	$0	–	-2,130	–	-0.07%	–
ANDV	Exit	ANDEAVOR	$0	–	-1,604	–	-0.08%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,184	–	-0.08%	–
PAYX	Exit	PAYCHEX INC	$0	–	-3,408	–	-0.08%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-1,815	–	-0.08%	–
MDXG	Exit	MIMEDX GROUP INC	$0	–	-41,350	–	-0.08%	–
SDOG	Exit	ALPS ETF TRetf	$0	–	-5,683	–	-0.08%	–
FB	Exit	FACEBOOK INC	$0	–	-1,588	–	-0.08%	–
MGEE	Exit	MGE ENERGY INC	$0	–	-4,200	–	-0.08%	–
C	Exit	CITIGROUP INC	$0	–	-3,792	–	-0.08%	–
UTL	Exit	UNITIL CORP	$0	–	-5,353	–	-0.08%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,177	–	-0.09%	–
AMGN	Exit	AMGEN INC	$0	–	-1,338	–	-0.09%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,650	–	-0.09%	–
AGN	Exit	ALLERGAN PLC	$0	–	-1,493	–	-0.09%	–
TU	Exit	TELUS CORP	$0	–	-7,694	–	-0.09%	–
CMCSA	Exit	COMCAST CORP NEW	$0	–	-8,172	–	-0.09%	–
SAA	Exit	PROSHARES TR SAAetf	$0	–	-2,300	–	-0.09%	–
ETN	Exit	EATON CORP PLC	$0	–	-3,354	–	-0.09%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUN MNGD	$0	–	-13,823	–	-0.09%	–
KEY	Exit	KEYCORP NEW	$0	–	-14,857	–	-0.09%	–
VUG	Exit	VANGUARD INDEX FDS VUGetf	$0	–	-1,912	–	-0.10%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-3,389	–	-0.10%	–
IWF	Exit	ISHARES TR IWFetf	$0	–	-2,010	–	-0.10%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-6,099	–	-0.10%	–
NBO	Exit	NEUBERGER BRMAN NY MUNI FD I	$0	–	-29,490	–	-0.10%	–
WMT	Exit	WALMART INC	$0	–	-3,641	–	-0.11%	–
INTC	Exit	INTEL CORP	$0	–	-7,303	–	-0.11%	–
VXF	Exit	VANGUARD INDEX FDS VXFetf	$0	–	-2,850	–	-0.11%	–
ETB	Exit	EATON VANCE TAX MNGED BUY WR	$0	–	-21,694	–	-0.11%	–
FXI	Exit	ISHARES TR FXIetf	$0	–	-8,520	–	-0.11%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-5,918	–	-0.12%	–
SDY	Exit	SPDR SERIES TRUST SDYetf	$0	–	-3,803	–	-0.12%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,479	–	-0.12%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,678	–	-0.12%	–
TLT	Exit	ISHARES TR TLTetf	$0	–	-3,389	–	-0.12%	–
KO	Exit	COCA COLA CO	$0	–	-8,965	–	-0.13%	–
GXC	Exit	SPDR INDEX SHS FDS GXCetf	$0	–	-4,400	–	-0.13%	–
AWR	Exit	AMERICAN STS WTR CO	$0	–	-7,000	–	-0.13%	–
MRK	Exit	MERCK & CO INC	$0	–	-6,190	–	-0.14%	–
VO	Exit	VOVANGUARD INDEX FDSetf	$0	–	-2,662	–	-0.14%	–
L	Exit	LOEWS CORP	$0	–	-8,769	–	-0.14%	–
EWH	Exit	ISHARES INC EWHetf	$0	–	-19,350	–	-0.14%	–
BPL	Exit	BUCKEYE PARTNERS L P	$0	–	-13,431	–	-0.15%	–
CI	Exit	CIGNA CORPORATION	$0	–	-2,299	–	-0.15%	–
INGR	Exit	INGREDION INC	$0	–	-4,725	–	-0.16%	–
PFF	Exit	ISHARES TR PFD PFFetf	$0	–	-13,765	–	-0.16%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-7,942	–	-0.16%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-5,950	–	-0.16%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-4,513	–	-0.16%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,228	–	-0.17%	–
GIS	Exit	GENERAL MLS INC	$0	–	-12,634	–	-0.17%	–
NVDA	Exit	NVIDIA CORP	$0	–	-2,021	–	-0.18%	–
SNY	Exit	SANOFIadr	$0	–	-13,200	–	-0.18%	–
MS	Exit	MORGAN STANLEY	$0	–	-12,702	–	-0.18%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-4,010	–	-0.19%	–
PFE	Exit	PFIZER INC	$0	–	-13,922	–	-0.19%	–
SPOT	Exit	SPOTIFY TECHNOLOGY S A	$0	–	-3,546	–	-0.20%	–
MINT	Exit	PIMCO ETF TR MINTetf	$0	–	-6,365	–	-0.20%	–
IEF	Exit	ISHARES TR IEFAetf	$0	–	-6,542	–	-0.21%	–
MTB	Exit	M & T BK CORP	$0	–	-4,092	–	-0.21%	–
ABT	Exit	ABBOTT LABS	$0	–	-9,419	–	-0.22%	–
TIP	Exit	ISHARES TR TIPetf	$0	–	-6,301	–	-0.22%	–
EWW	Exit	ISHARES INC EWWetf	$0	–	-14,051	–	-0.22%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-19,400	–	-0.23%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-12,393	–	-0.23%	–
JNK	Exit	SPDR SERIES TRUST JNKetf	$0	–	-23,287	–	-0.26%	–
IBB	Exit	ISHARES TR IBBetf	$0	–	-7,359	–	-0.28%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-10,982	–	-0.29%	–
UNP	Exit	UNION PAC CORP	$0	–	-6,711	–	-0.34%	–
T	Exit	AT&T INC	$0	–	-34,479	–	-0.36%	–
VOE	Exit	VANGUARD INDEX FDS VOEetf	$0	–	-11,080	–	-0.39%	–
WEN	Exit	WENDYS CO	$0	–	-77,436	–	-0.40%	–
VTI	Exit	VANGUARD INDEX FDS VTIetf	$0	–	-8,738	–	-0.41%	–
HYG	Exit	ISHARES TR HYGetf	$0	–	-17,083	–	-0.46%	–
MA	Exit	MASTERCARD INCORPORATED	$0	–	-6,702	–	-0.47%	–
BND	Exit	VANGUARD BD INDEX FD INCetf	$0	–	-19,601	–	-0.48%	–
IEFA	Exit	ISHARES TR IEFAetf	$0	–	-25,500	–	-0.51%	–
AGG	Exit	ISHARES TR AGGetf	$0	–	-16,507	–	-0.54%	–
GOOGL	Exit	ALPHABET INCcap stk	$0	–	-1,476	–	-0.56%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-13,030	–	-0.56%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-26,022	–	-0.62%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-38,145	–	-0.64%	–
RTN	Exit	RAYTHEON CO	$0	–	-10,004	–	-0.65%	–
SHY	Exit	ISHARES TR SHYetf	$0	–	-25,018	–	-0.65%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-29,245	–	-0.78%	–
PEP	Exit	PEPSICO INC	$0	–	-22,322	–	-0.78%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-20,672	–	-0.79%	–
LQD	Exit	ISHARES TR LQDetf	$0	–	-22,439	–	-0.81%	–
IEMG	Exit	ISHARES INC IEMGetf	$0	–	-53,988	–	-0.87%	–
KRE	Exit	SPDR SERIES TRUST KREetf	$0	–	-50,985	–	-0.95%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-14,670	–	-1.22%	–
ITOT	Exit	ISHARES TR ITOTetf	$0	–	-61,951	–	-1.29%	–
NFLX	Exit	NETFLIX INC	$0	–	-11,413	–	-1.34%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-27,205	–	-1.35%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-37,924	–	-1.36%	–
GOOG	Exit	ALPHABET INC	$0	–	-3,958	–	-1.48%	–
VRP	Exit	INVESCO EXCHNG TRADED FD TR VRPetf	$0	–	-208,351	–	-1.62%	–
FTEC	Exit	FIDELITY FTECetf	$0	–	-88,774	–	-1.67%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFetf	$0	–	-20,370	–	-1.68%	–
IJH	Exit	ISHARES TR IJHetf	$0	–	-28,296	–	-1.78%	–
IJK	Exit	ISHARES TR IJKetf	$0	–	-25,325	–	-1.84%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-18,260	–	-1.98%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-59,373	–	-2.10%	–
BA	Exit	BOEING CO	$0	–	-19,165	–	-2.23%	–
MCD	Exit	MCDONALDS CORP	$0	–	-43,602	–	-2.28%	–
AMZN	Exit	AMAZON COM INC	$0	–	-4,811	–	-3.01%	–
IJJ	Exit	ISHARES TR IJJetf	$0	–	-58,178	–	-3.04%	–
AAPL	Exit	APPLE INC	$0	–	-43,161	–	-3.05%	–
V	Exit	VISA INC	$0	–	-100,957	–	-4.74%	–
QQQ	Exit	INVESCO QQQ TRetf	$0	–	-101,861	–	-5.92%	–
IJR	Exit	ISHARES TR IJRetf	$0	–	-235,553	–	-6.43%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRetf	$0	–	-63,712	–	-7.31%	–
IVV	Exit	ISHARES TR IVVetf	$0	–	-92,976	–	-8.51%	–
SPY	Exit	SPDR S&P 500 ETF TRetf	$0	–	-102,103	–	-9.29%	–

Q3 2018

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRetf	$29,698,000	+6.1%	102,103	-1.0%	9.29%	-3.1%
IVV	Buy	ISHARES TR IVVetf	$27,219,000	+12.6%	92,976	+5.0%	8.51%	+2.8%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRetf	$23,380,000	+1.5%	63,712	-1.8%	7.31%	-7.3%
IJR	Buy	ISHARES TR IJRetf	$20,547,000	+5.8%	235,553	+1.3%	6.43%	-3.4%
QQQ	Sell	INVESCO QQQ TRetf	$18,928,000	+5.2%	101,861	-2.9%	5.92%	-4.0%
V	Sell	VISA INC	$15,154,000	+3.6%	100,957	-8.6%	4.74%	-5.4%
AAPL	Buy	APPLE INC	$9,746,000	+40.6%	43,161	+15.3%	3.05%	+28.4%
IJJ	Buy	ISHARES TR IJJetf	$9,734,000	+3.5%	58,178	+0.3%	3.04%	-5.5%
AMZN	Sell	AMAZON COM INC	$9,637,000	+17.3%	4,811	-0.5%	3.01%	+7.1%
MCD	Buy	MCDONALDS CORP	$7,293,000	+7.2%	43,602	+0.4%	2.28%	-2.1%
BA	Buy	BOEING CO	$7,131,000	+13.8%	19,165	+2.6%	2.23%	+3.8%
JPM	Buy	JPMORGAN CHASE & CO	$6,700,000	+8.6%	59,373	+0.3%	2.10%	-0.9%
LMT	Buy	LOCKHEED MARTIN CORP	$6,319,000	+19.3%	18,260	+1.8%	1.98%	+8.9%
IJK	Buy	ISHARES TR IJKetf	$5,899,000	+4.6%	25,325	+1.0%	1.84%	-4.5%
IJH	Buy	ISHARES TR IJHetf	$5,694,000	+14.0%	28,296	+10.4%	1.78%	+4.2%
DIA	Buy	SPDR DOW JONES INDL AVRG ETFetf	$5,388,000	+11.0%	20,370	+1.9%	1.68%	+1.4%
FTEC	Buy	FIDELITY FTECetf	$5,348,000	+21.3%	88,774	+11.3%	1.67%	+10.7%
VRP	Buy	INVESCO EXCHNG TRADED FD TR VRPetf	$5,186,000	+1.0%	208,351	+0.8%	1.62%	-7.8%
GOOG	Sell	ALPHABET INC	$4,724,000	+4.8%	3,958	-2.1%	1.48%	-4.4%
MSFT	Buy	MICROSOFT CORP	$4,340,000	+21.2%	37,924	+4.5%	1.36%	+10.7%
CRM	New	SALESFORCE COM INC	$4,328,000	–	27,205	–	1.35%	–
NFLX	New	NETFLIX INC	$4,274,000	–	11,413	–	1.34%	–
ITOT	Sell	ISHARES TR ITOTetf	$4,128,000	+5.9%	61,951	-0.7%	1.29%	-3.4%
UNH	Buy	UNITEDHEALTH GROUP INC	$3,903,000	+14.6%	14,670	+5.7%	1.22%	+4.6%
KRE	Buy	SPDR SERIES TRUST KREetf	$3,029,000	+8.2%	50,985	+11.1%	0.95%	-1.3%
IEMG	Sell	ISHARES INC IEMGetf	$2,796,000	-3.2%	53,988	-1.8%	0.87%	-11.6%
LQD	Sell	ISHARES TR LQDetf	$2,578,000	-0.7%	22,439	-1.0%	0.81%	-9.4%
CVX	Sell	CHEVRON CORP NEW	$2,529,000	-6.8%	20,672	-3.7%	0.79%	-14.9%
PEP	Sell	PEPSICO INC	$2,495,000	+1.4%	22,322	-1.2%	0.78%	-7.5%
XOM	Sell	EXXON MOBIL CORP	$2,486,000	+2.4%	29,245	-0.4%	0.78%	-6.6%
SHY	Sell	ISHARES TR SHYetf	$2,079,000	-2.3%	25,018	-1.9%	0.65%	-10.8%
RTN	Sell	RAYTHEON CO	$2,068,000	+6.1%	10,004	-0.8%	0.65%	-3.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,037,000	+2.2%	38,145	-3.8%	0.64%	-6.7%
ED	Buy	CONSOLIDATED EDISON INC	$1,983,000	-2.3%	26,022	+0.0%	0.62%	-10.8%
JNJ	Sell	JOHNSON & JOHNSON	$1,802,000	+7.6%	13,030	-5.6%	0.56%	-1.6%
GOOGL	Sell	ALPHABET INCcap stk	$1,782,000	-0.8%	1,476	-7.2%	0.56%	-9.4%
AGG	Buy	ISHARES TR AGGetf	$1,742,000	-0.3%	16,507	+0.4%	0.54%	-9.0%
IEFA	Buy	ISHARES TR IEFAetf	$1,634,000	+1.8%	25,500	+0.7%	0.51%	-7.1%
BND	Sell	VANGUARD BD INDEX FD INCetf	$1,542,000	-4.2%	19,601	-3.6%	0.48%	-12.7%
MA	Buy	MASTERCARD INCORPORATED	$1,492,000	+142.2%	6,702	+113.6%	0.47%	+121.3%
HYG	Sell	ISHARES TR HYGetf	$1,477,000	-12.0%	17,083	-13.4%	0.46%	-19.7%
VTI	Sell	VANGUARD INDEX FDS VTIetf	$1,308,000	+5.1%	8,738	-1.4%	0.41%	-4.0%
WEN	Buy	WENDYS CO	$1,276,000	-2.4%	77,436	+1.7%	0.40%	-10.9%
VOE	Sell	VANGUARD INDEX FDS VOEetf	$1,252,000	+2.2%	11,080	-0.1%	0.39%	-6.7%
T	Sell	AT&T INC	$1,158,000	-21.3%	34,479	-24.8%	0.36%	-28.2%
PG	Sell	PROCTER AND GAMBLE CO	$914,000	+3.5%	10,982	-2.9%	0.29%	-5.3%
IBB	Sell	ISHARES TR IBBetf	$898,000	+9.6%	7,359	-1.4%	0.28%	0.0%
JNK	Sell	SPDR SERIES TRUST JNKetf	$839,000	-5.3%	23,287	-6.8%	0.26%	-13.8%
MO	Sell	ALTRIA GROUP INC	$747,000	+4.0%	12,393	-2.0%	0.23%	-4.9%
BX	Sell	BLACKSTONE GROUP L P	$739,000	+17.9%	19,400	-0.5%	0.23%	+7.4%
TIP	Sell	ISHARES TR TIPetf	$697,000	-11.1%	6,301	-9.3%	0.22%	-19.0%
ABT	Buy	ABBOTT LABS	$691,000	+20.4%	9,419	+0.0%	0.22%	+9.6%
IEF	Buy	ISHARES TR IEFAetf	$662,000	-0.9%	6,542	+0.5%	0.21%	-9.6%
MINT	Buy	PIMCO ETF TR MINTetf	$647,000	+27.6%	6,365	+27.4%	0.20%	+16.1%
SPOT	New	SPOTIFY TECHNOLOGY S A	$641,000	–	3,546	–	0.20%	–
PFE	Sell	PFIZER INC	$613,000	+8.7%	13,922	-10.5%	0.19%	-0.5%
CAT	Buy	CATERPILLAR INC DEL	$612,000	+14.6%	4,010	+1.9%	0.19%	+4.4%
MS	Sell	MORGAN STANLEY	$592,000	-3.1%	12,702	-1.5%	0.18%	-11.5%
SNY	New	SANOFIadr	$590,000	–	13,200	–	0.18%	–
NVDA	Buy	NVIDIA CORP	$572,000	+138.3%	2,021	+99.1%	0.18%	+118.3%
GIS	Sell	GENERAL MLS INC	$542,000	-3.6%	12,634	-0.6%	0.17%	-12.4%
HON	Sell	HONEYWELL INTL INC	$537,000	+13.8%	3,228	-1.5%	0.17%	+3.7%
UPS	Buy	UNITED PARCEL SERVICE INC	$527,000	+10.0%	4,513	+0.0%	0.16%	+0.6%
PYPL	Sell	PAYPAL HLDGS INC	$523,000	+3.8%	5,950	-1.7%	0.16%	-5.2%
DWDP	Sell	DOWDUPONT INC	$511,000	-3.0%	7,942	-0.7%	0.16%	-11.6%
PFF	Buy	ISHARES TR PFD PFFetf	$510,000	+2.0%	13,765	+3.7%	0.16%	-7.0%
BPL	Sell	BUCKEYE PARTNERS L P	$480,000	-0.6%	13,431	-2.2%	0.15%	-9.1%
EWH	Sell	ISHARES INC EWHetf	$463,000	-5.1%	19,350	-4.0%	0.14%	-13.2%
VO	Sell	VOVANGUARD INDEX FDSetf	$437,000	-7.2%	2,662	-11.0%	0.14%	-14.9%
MRK	Buy	MERCK & CO INC	$439,000	+17.7%	6,190	+0.8%	0.14%	+7.0%
TLT	Buy	ISHARES TR TLTetf	$397,000	-3.4%	3,389	+0.4%	0.12%	-12.1%
UTX	Sell	UNITED TECHNOLOGIES CORP	$374,000	-5.1%	2,678	-15.0%	0.12%	-13.3%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$375,000	+12.3%	2,479	+3.7%	0.12%	+2.6%
SDY	Sell	SPDR SERIES TRUST SDYetf	$372,000	-1.1%	3,803	-6.3%	0.12%	-10.1%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$368,000	+15.7%	5,918	+3.0%	0.12%	+5.5%
FXI	Sell	ISHARES TR FXIetf	$365,000	-2.4%	8,520	-2.1%	0.11%	-10.9%
ETB	Sell	EATON VANCE TAX MNGED BUY WR	$361,000	+0.3%	21,694	-3.1%	0.11%	-8.1%
VXF	Buy	VANGUARD INDEX FDS VXFetf	$349,000	+4.2%	2,850	+0.2%	0.11%	-5.2%
INTC	Sell	INTEL CORP	$344,000	-65.2%	7,303	-63.2%	0.11%	-68.0%
WMT	Buy	WALMART INC	$342,000	+9.6%	3,641	+0.1%	0.11%	0.0%
NBO	Sell	NEUBERGER BRMAN NY MUNI FD I	$336,000	-6.7%	29,490	-5.9%	0.10%	-14.6%
WFC	Sell	WELLS FARGO CO NEW	$320,000	-12.6%	6,099	-7.6%	0.10%	-20.0%
VUG	Sell	VANGUARD INDEX FDS VUGetf	$308,000	+6.9%	1,912	-0.8%	0.10%	-3.0%
WM	Buy	WASTE MGMT INC DEL	$307,000	+11.6%	3,389	+0.0%	0.10%	+2.1%
KEY	Sell	KEYCORP NEW	$296,000	-2.3%	14,857	-4.2%	0.09%	-10.6%
CMCSA	Sell	COMCAST CORP NEW	$289,000	+4.7%	8,172	-3.0%	0.09%	-5.3%
COST	New	COSTCO WHSL CORP NEW	$277,000	–	1,177	–	0.09%	–
AMGN	Buy	AMGEN INC	$277,000	+14.5%	1,338	+2.2%	0.09%	+4.8%
C	Sell	CITIGROUP INC	$272,000	-2.9%	3,792	-9.5%	0.08%	-11.5%
FB	Buy	FACEBOOK INC	$261,000	-3.7%	1,588	+14.1%	0.08%	-11.8%
MDXG	New	MIMEDX GROUP INC	$256,000	–	41,350	–	0.08%	–
PAYX	Sell	PAYCHEX INC	$251,000	-3.1%	3,408	-9.9%	0.08%	-12.4%
HD	Buy	HOME DEPOT INC	$245,000	+7.5%	1,184	+1.4%	0.08%	-1.3%
ANDV	New	ANDEAVOR	$246,000	–	1,604	–	0.08%	–
TJX	New	TJX COS INC NEW	$238,000	–	2,130	–	0.07%	–
PGX	Sell	INVESCO EXCHNG TRADED FD TR PGXetf	$234,000	-37.3%	16,306	-36.3%	0.07%	-43.0%
CSCO	New	CISCO SYS INC	$234,000	–	4,805	–	0.07%	–
OEF	New	ISHARES TR OEFetf	$224,000	–	1,726	–	0.07%	–
GE	Sell	GENERAL ELECTRIC CO	$224,000	-28.7%	19,792	-14.0%	0.07%	-35.2%
BABA	Sell	ALIBABA GROUP HLDG LTDads	$213,000	-43.2%	1,295	-35.9%	0.07%	-47.7%
DIS	New	DISNEY WALT CO	$207,000	–	1,770	–	0.06%	–
DUK	Sell	DUKE ENERGY CORP NEW	$209,000	-1.9%	2,616	-3.0%	0.06%	-11.0%
NVRO	New	NEVRO CORP	$202,000	–	3,550	–	0.06%	–
VWO	Sell	VANGUARD INTL EQUITY INDEX F VWOetf	$193,000	-26.9%	4,713	-24.6%	0.06%	-33.3%
TRST	Sell	TRUSTCO BK CORP N Y	$169,000	-21.4%	19,848	-17.9%	0.05%	-28.4%
FOMX	New	FOAMIX PHARMACEUTICALS LTD	$117,000	–	20,500	–	0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-1,402	–	-0.04%	–
BLK	Exit	BLACKROCK INC	$0	–	-500	–	-0.08%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-2,513	–	-0.19%	–
ABBV	Exit	ABBVIE INC	$0	–	-36,226	–	-1.15%	–

Q2 2018

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$27,987,000	–	103,168	–	9.59%	–
IVV	New	ISHARES TRcore s&p500 etf	$24,173,000	–	88,528	–	8.28%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$23,034,000	–	64,883	–	7.89%	–
IJR	New	ISHARES TRcore s&p scp etf	$19,416,000	–	232,643	–	6.65%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$17,998,000	–	104,850	–	6.16%	–
V	New	VISA INC	$14,626,000	–	110,422	–	5.01%	–
IJJ	New	ISHARES TRs&p mc 400vl etf	$9,402,000	–	58,025	–	3.22%	–
AMZN	New	AMAZON COM INC	$8,215,000	–	4,833	–	2.81%	–
AAPL	New	APPLE INC	$6,931,000	–	37,445	–	2.37%	–
MCD	New	MCDONALDS CORP	$6,804,000	–	43,423	–	2.33%	–
BA	New	BOEING CO	$6,269,000	–	18,685	–	2.15%	–
JPM	New	JPMORGAN CHASE & CO	$6,168,000	–	59,190	–	2.11%	–
IJK	New	ISHARES TRs&p mc 400gr etf	$5,638,000	–	25,084	–	1.93%	–
LMT	New	LOCKHEED MARTIN CORP	$5,298,000	–	17,933	–	1.82%	–
VRP	New	POWERSHARES ETF TR IIvar rate pfd por	$5,137,000	–	206,718	–	1.76%	–
IJH	New	ISHARES TRcore s&p mcp etf	$4,993,000	–	25,633	–	1.71%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$4,853,000	–	19,991	–	1.66%	–
GOOG	New	ALPHABET INCcap stk cl c	$4,509,000	–	4,041	–	1.54%	–
FTEC	New	FIDELITYmsci info tech i	$4,409,000	–	79,781	–	1.51%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$3,899,000	–	62,358	–	1.34%	–
MSFT	New	MICROSOFT CORP	$3,580,000	–	36,301	–	1.23%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,406,000	–	13,882	–	1.17%	–
ABBV	New	ABBVIE INC	$3,356,000	–	36,226	–	1.15%	–
IEMG	New	ISHARES INCcore msci emkt	$2,888,000	–	54,995	–	0.99%	–
KRE	New	SPDR SERIES TRUSTs&p regl bkg	$2,799,000	–	45,878	–	0.96%	–
CVX	New	CHEVRON CORP NEW	$2,714,000	–	21,466	–	0.93%	–
LQD	New	ISHARES TRiboxx inv cp etf	$2,597,000	–	22,671	–	0.89%	–
PEP	New	PEPSICO INC	$2,461,000	–	22,599	–	0.84%	–
XOM	New	EXXON MOBIL CORP	$2,428,000	–	29,353	–	0.83%	–
SHY	New	ISHARES TR1 3 yr treas bd	$2,127,000	–	25,510	–	0.73%	–
ED	New	CONSOLIDATED EDISON INC	$2,029,000	–	26,017	–	0.70%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,994,000	–	39,640	–	0.68%	–
RTN	New	RAYTHEON CO	$1,949,000	–	10,089	–	0.67%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,796,000	–	1,591	–	0.62%	–
AGG	New	ISHARES TRcore us aggbd et	$1,748,000	–	16,441	–	0.60%	–
HYG	New	ISHARES TRiboxx hi yd etf	$1,678,000	–	19,721	–	0.58%	–
JNJ	New	JOHNSON & JOHNSON	$1,674,000	–	13,798	–	0.57%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$1,610,000	–	20,331	–	0.55%	–
IEFA	New	ISHARES TRcore msci eafe	$1,605,000	–	25,334	–	0.55%	–
T	New	AT&T INC	$1,472,000	–	45,823	–	0.50%	–
WEN	New	WENDYS CO	$1,308,000	–	76,162	–	0.45%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,245,000	–	8,863	–	0.43%	–
VOE	New	VANGUARD INDEX FDSmcap vl idxvip	$1,225,000	–	11,090	–	0.42%	–
INTC	New	INTEL CORP	$988,000	–	19,868	–	0.34%	–
UNP	New	UNION PAC CORP	$951,000	–	6,711	–	0.33%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$886,000	–	24,974	–	0.30%	–
PG	New	PROCTER AND GAMBLE CO	$883,000	–	11,307	–	0.30%	–
IBB	New	ISHARES TRnasdaq biotech	$819,000	–	7,463	–	0.28%	–
TIP	New	ISHARES TRtips bd etf	$784,000	–	6,950	–	0.27%	–
MO	New	ALTRIA GROUP INC	$718,000	–	12,644	–	0.25%	–
MTB	New	M & T BK CORP	$696,000	–	4,092	–	0.24%	–
IEF	New	ISHARES TRbarclays 7 10 yr	$668,000	–	6,512	–	0.23%	–
EWW	New	ISHARES INCmsci mexico etf	$662,000	–	14,051	–	0.23%	–
BX	New	BLACKSTONE GROUP L P	$627,000	–	19,494	–	0.22%	–
MA	New	MASTERCARD INCORPORATEDcl a	$616,000	–	3,137	–	0.21%	–
MS	New	MORGAN STANLEY	$611,000	–	12,894	–	0.21%	–
ABT	New	ABBOTT LABS	$574,000	–	9,417	–	0.20%	–
PFE	New	PFIZER INC	$564,000	–	15,556	–	0.19%	–
GIS	New	GENERAL MLS INC	$562,000	–	12,714	–	0.19%	–
GS	New	GOLDMAN SACHS GROUP INC	$554,000	–	2,513	–	0.19%	–
CAT	New	CATERPILLAR INC DEL	$534,000	–	3,934	–	0.18%	–
DWDP	New	DOWDUPONT INC	$527,000	–	7,999	–	0.18%	–
INGR	New	INGREDION INC	$523,000	–	4,725	–	0.18%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$507,000	–	4,995	–	0.17%	–
PYPL	New	PAYPAL HLDGS INC	$504,000	–	6,050	–	0.17%	–
PFF	New	ISHARES TRs&p us pfd stk	$500,000	–	13,270	–	0.17%	–
EWH	New	ISHARES INCmsci hong kg etf	$488,000	–	20,150	–	0.17%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$483,000	–	13,731	–	0.16%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$479,000	–	4,512	–	0.16%	–
HON	New	HONEYWELL INTL INC	$472,000	–	3,278	–	0.16%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$471,000	–	2,990	–	0.16%	–
GXC	New	SPDR INDEX SHS FDSs&p china etf	$461,000	–	4,400	–	0.16%	–
L	New	LOEWS CORP	$423,000	–	8,769	–	0.14%	–
TLT	New	ISHARES TR20 yr tr bd etf	$411,000	–	3,377	–	0.14%	–
AWR	New	AMERICAN STS WTR CO	$400,000	–	7,000	–	0.14%	–
UTX	New	UNITED TECHNOLOGIES CORP	$394,000	–	3,151	–	0.14%	–
KO	New	COCA COLA CO	$393,000	–	8,965	–	0.14%	–
CI	New	CIGNA CORPORATION	$391,000	–	2,299	–	0.13%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$376,000	–	4,059	–	0.13%	–
FXI	New	ISHARES TRchina lg-cap etf	$374,000	–	8,700	–	0.13%	–
MRK	New	MERCK & CO INC	$373,000	–	6,138	–	0.13%	–
PGX	New	POWERSHARES ETF TR IIpfd portfolio	$373,000	–	25,606	–	0.13%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$375,000	–	2,020	–	0.13%	–
WFC	New	WELLS FARGO CO NEW	$366,000	–	6,598	–	0.12%	–
ETB	New	EATON VANCE TAX MNGED BUY WR	$360,000	–	22,380	–	0.12%	–
NBO	New	NEUBERGER BERMAN NY INT MUN	$360,000	–	31,340	–	0.12%	–
VXF	New	VANGUARD INDEX FDSextend mkt etf	$335,000	–	2,844	–	0.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$334,000	–	2,391	–	0.11%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$318,000	–	5,746	–	0.11%	–
GE	New	GENERAL ELECTRIC CO	$314,000	–	23,022	–	0.11%	–
WMT	New	WALMART INC	$312,000	–	3,639	–	0.11%	–
KEY	New	KEYCORP NEW	$303,000	–	15,507	–	0.10%	–
GBAB	New	GUGGENHEIM TAXABLE MUN MNGD	$300,000	–	13,823	–	0.10%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$288,000	–	1,927	–	0.10%	–
IWF	New	ISHARES TRrus 1000 grw etf	$289,000	–	2,010	–	0.10%	–
C	New	CITIGROUP INC	$280,000	–	4,192	–	0.10%	–
CMCSA	New	COMCAST CORP NEWcl a	$276,000	–	8,422	–	0.10%	–
TU	New	TELUS CORP	$273,000	–	7,694	–	0.09%	–
WM	New	WASTE MGMT INC DEL	$275,000	–	3,388	–	0.09%	–
UTL	New	UNITIL CORP	$273,000	–	5,353	–	0.09%	–
FB	New	FACEBOOK INCcl a	$271,000	–	1,392	–	0.09%	–
SAA	New	PROSHARES TR	$268,000	–	2,300	–	0.09%	–
MGEE	New	MGE ENERGY INC	$265,000	–	4,200	–	0.09%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$264,000	–	6,248	–	0.09%	–
PAYX	New	PAYCHEX INC	$259,000	–	3,783	–	0.09%	–
SDOG	New	ALPS ETF TRsectr div dogs	$253,000	–	5,683	–	0.09%	–
ETN	New	EATON CORP PLC	$251,000	–	3,354	–	0.09%	–
AGN	New	ALLERGAN PLC	$249,000	–	1,493	–	0.08%	–
BLK	New	BLACKROCK INC	$249,000	–	500	–	0.08%	–
AMGN	New	AMGEN INC	$242,000	–	1,309	–	0.08%	–
NVDA	New	NVIDIA CORP	$240,000	–	1,015	–	0.08%	–
HD	New	HOME DEPOT INC	$228,000	–	1,168	–	0.08%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$225,000	–	1,815	–	0.08%	–
LLY	New	LILLY ELI & CO	$226,000	–	2,650	–	0.08%	–
CWB	New	SPDR SERIES TRUSTblmbrg brc cnvrt	$222,000	–	4,188	–	0.08%	–
LAZ	New	LAZARD LTD	$220,000	–	4,500	–	0.08%	–
TRST	New	TRUSTCO BK CORP N Y	$215,000	–	24,177	–	0.07%	–
DUK	New	DUKE ENERGY CORP NEW	$213,000	–	2,696	–	0.07%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$185,000	–	12,549	–	0.06%	–
NRK	New	NUVEEN NEW YORK AMT QLT MUNI	$162,000	–	13,252	–	0.06%	–
PM	New	PHILIP MORRIS INTL INC	$113,000	–	1,402	–	0.04%	–

Q4 2017

			Value		Shares		↓ Weighting
JRS	Exit	NUVEEN REAL ESTATE INCOME FD	$0	–	-13,027	–	-0.05%	–
F	Exit	FORD MTR CO DEL	$0	–	-12,559	–	-0.06%	–
LAZ	Exit	LAZARD LTD	$0	–	-4,534	–	-0.08%	–
TRST	Exit	TRUSTCO BK CORP N Y	$0	–	-22,949	–	-0.08%	–
HCP	Exit	HCP INC	$0	–	-7,440	–	-0.08%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-1,945	–	-0.08%	–
VXF	Exit	VANGUARD INDEX FDS EXTEND MKTetf	$0	–	-1,947	–	-0.08%	–
BSE	Exit	BLACKROCK NY MUNI INC QLTY T	$0	–	-15,850	–	-0.08%	–
SAA	Exit	PROSHARES TR ULT SCAP 600etf	$0	–	-2,300	–	-0.08%	–
PPL	Exit	PPL CORP	$0	–	-5,727	–	-0.08%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-3,153	–	-0.08%	–
MMM	Exit	3M CO	$0	–	-1,072	–	-0.08%	–
PAYX	Exit	PAYCHEX INC	$0	–	-3,793	–	-0.08%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,309	–	-0.08%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,725	–	-0.09%	–
FENY	Exit	FIDELITY MSCI ENERGY IDXetf	$0	–	-12,369	–	-0.09%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fetf	$0	–	-5,566	–	-0.09%	–
SDOG	Exit	ALPS ETF TR SECT DIV DOGSetf	$0	–	-5,583	–	-0.09%	–
IWF	Exit	ISHARES TR RUSSELL 1000 Growthetf	$0	–	-2,010	–	-0.09%	–
CWB	Exit	SPDR SERIES TR BLMBRG BRC CNVRTetf	$0	–	-4,932	–	-0.09%	–
AMGN	Exit	AMGEN INC	$0	–	-1,361	–	-0.09%	–
ETN	Exit	EATON CORP PLC	$0	–	-3,354	–	-0.10%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-1,815	–	-0.10%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-3,345	–	-0.10%	–
MGEE	Exit	MGE ENERGY INC	$0	–	-4,200	–	-0.10%	–
UTL	Exit	UNITIL CORP	$0	–	-5,534	–	-0.10%	–
TU	Exit	TELUS CORP	$0	–	-7,694	–	-0.10%	–
GBAB	Exit	GUGGENHEIM TAXABLE MUN MNGD	$0	–	-13,573	–	-0.12%	–
MINT	Exit	PIMCO ETF TR MINTetf	$0	–	-3,052	–	-0.12%	–
PGX	Exit	POWERSHARES ETF TR II PFD PORTetf	$0	–	-20,839	–	-0.12%	–
KEY	Exit	KEYCORP NEW	$0	–	-16,710	–	-0.12%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-5,030	–	-0.12%	–
CMCSA	Exit	COMCAST CORP NEW	$0	–	-8,462	–	-0.12%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,303	–	-0.12%	–
NKE	Exit	NIKE INC	$0	–	-6,540	–	-0.13%	–
PFF	Exit	ISHARES TR US PFD STKetf	$0	–	-8,758	–	-0.13%	–
AWR	Exit	AMERICAN STS WTR CO	$0	–	-7,000	–	-0.13%	–
FXI	Exit	ISHARES TR CHINA LG CPAetf	$0	–	-7,850	–	-0.13%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-3,106	–	-0.13%	–
SDY	Exit	SPDR SERIES TRUST DIVID ETFetf	$0	–	-3,959	–	-0.14%	–
TLT	Exit	ISHARES TR 20 YR BOND ETFetf	$0	–	-2,953	–	-0.14%	–
QGEN	Exit	QIAGEN NV	$0	–	-11,947	–	-0.14%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-5,988	–	-0.14%	–
MA	Exit	MASTERCARD INCORPORATED	$0	–	-2,807	–	-0.15%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-7,282	–	-0.15%	–
KO	Exit	COCA COLA CO	$0	–	-8,962	–	-0.15%	–
L	Exit	LOEWS CORP	$0	–	-8,519	–	-0.15%	–
ETB	Exit	EATON VANCE TAX MNGED BUY WR	$0	–	-24,705	–	-0.15%	–
VO	Exit	VANGUARD INDEX FDS MID CAPetf	$0	–	-2,962	–	-0.16%	–
GSK	Exit	GLAXOSMITHKLINE PLC	$0	–	-10,890	–	-0.16%	–
MRK	Exit	MERCK & CO INC	$0	–	-6,915	–	-0.16%	–
GXC	Exit	SPDR INDEX SHS FDS CHINAetf	$0	–	-4,400	–	-0.17%	–
NBO	Exit	NEUBERGER BERMAN NY INT MUN	$0	–	-36,908	–	-0.17%	–
BA	Exit	BOEING CO	$0	–	-1,873	–	-0.18%	–
PFE	Exit	PFIZER INC	$0	–	-13,509	–	-0.18%	–
EWH	Exit	ISHARES INC MSCI HONG KGetf	$0	–	-19,800	–	-0.18%	–
ABT	Exit	ABBOTT LABS	$0	–	-9,355	–	-0.18%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-4,012	–	-0.19%	–
AAOI	Exit	APPLIED OPTOELECTRONICS INC	$0	–	-8,000	–	-0.19%	–
CI	Exit	CIGNA CORPORATION	$0	–	-2,900	–	-0.20%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-7,953	–	-0.20%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-4,646	–	-0.21%	–
INGR	Exit	INGREDION INC	$0	–	-4,725	–	-0.21%	–
IEF	Exit	ISHARES TR BARCLAY 7-10 YR	$0	–	-5,402	–	-0.21%	–
GIS	Exit	GENERAL MLS INC	$0	–	-12,534	–	-0.24%	–
MTB	Exit	M & T BK CORP	$0	–	-4,048	–	-0.24%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-19,479	–	-0.24%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,540	–	-0.24%	–
MS	Exit	MORGAN STANLEY	$0	–	-13,828	–	-0.25%	–
UNP	Exit	UNION PAC CORP	$0	–	-6,606	–	-0.28%	–
EWW	Exit	ISHARES INC MSCI MEX CAPetf	$0	–	-14,051	–	-0.28%	–
INTC	Exit	INTEL CORP	$0	–	-20,215	–	-0.29%	–
TIP	Exit	ISHARES TR TIPS BDetf	$0	–	-6,926	–	-0.29%	–
AGN	Exit	ALLERGAN PLC	$0	–	-3,857	–	-0.29%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,369	–	-0.30%	–
IBB	Exit	ISHARES TR NASDAQ BIOTECHetf	$0	–	-2,487	–	-0.31%	–
VTI	Exit	VANGUARD INDEX TOTAL STK MKTetf	$0	–	-6,473	–	-0.31%	–
JNK	Exit	SPDR SERIES TR BLOOMBERG BRCetf	$0	–	-23,893	–	-0.33%	–
BPL	Exit	BUCKEYE PARTNERS L P	$0	–	-15,693	–	-0.33%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-9,627	–	-0.40%	–
VOE	Exit	VANGUARD INDEX FDS MCAP VLetf	$0	–	-10,275	–	-0.40%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-12,217	–	-0.41%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-51,372	–	-0.46%	–
WEN	Exit	WENDYS CO	$0	–	-81,111	–	-0.47%	–
IEFA	Exit	ISHARES TR CORE MSCI EAFEetf	$0	–	-19,786	–	-0.47%	–
AGG	Exit	ISHARES TR CORE US AGG BDetf	$0	–	-11,991	–	-0.49%	–
HYG	Exit	ISHARES TR IBOXX HI YDetf	$0	–	-16,216	–	-0.54%	–
BND	Exit	VANGUARD BD INDEX FD INCetf	$0	–	-19,175	–	-0.58%	–
GOOGL	Exit	ALPHABET INC	$0	–	-1,665	–	-0.60%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-33,348	–	-0.61%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-13,220	–	-0.64%	–
RTN	Exit	RAYTHEON CO	$0	–	-9,381	–	-0.65%	–
SHY	Exit	ISHARES TR 1-3 YR TSYetf	$0	–	-20,742	–	-0.65%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-22,617	–	-0.68%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,130	–	-0.76%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-17,774	–	-0.78%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-30,891	–	-0.86%	–
LQD	Exit	ISHARES TR IBOXX INV CPetf	$0	–	-19,685	–	-0.89%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-12,851	–	-0.94%	–
IEMG	Exit	ISHARES INC SMCI EMKTetf	$0	–	-49,044	–	-0.98%	–
KRE	Exit	SPDR SERIES TR REGL BANKetf	$0	–	-48,678	–	-1.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-32,536	–	-1.08%	–
ITOT	Exit	ISHARES TR CORE S&P TTL STKetf	$0	–	-54,868	–	-1.18%	–
FTEC	Exit	FIDELITY MSCI INFO TECHetf	$0	–	-70,137	–	-1.20%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-3,781	–	-1.35%	–
VRP	Exit	POWERSHARES ETF TR II VAR RATEetf	$0	–	-152,009	–	-1.47%	–
IJH	Exit	ISHARES TR CORE S&P MCPetf	$0	–	-22,920	–	-1.52%	–
DIA	Exit	SPDR DOW JONES INDL AVRG DIAetf	$0	–	-19,025	–	-1.58%	–
T	Exit	AT&T INC	$0	–	-117,102	–	-1.70%	–
IJK	Exit	ISHARES TR MC 400 GRetf	$0	–	-24,167	–	-1.82%	–
PEP	Exit	PEPSICO INC	$0	–	-44,596	–	-1.85%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-16,875	–	-1.95%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-84,691	–	-2.00%	–
AAPL	Exit	APPLE INC	$0	–	-35,710	–	-2.05%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-57,912	–	-2.06%	–
MCD	Exit	MCDONALDS CORP	$0	–	-42,039	–	-2.45%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-84,606	–	-2.58%	–
FB	Exit	FACEBOOK INC	$0	–	-42,499	–	-2.70%	–
IJJ	Exit	ISHARES TR S&P SC 400etf	$0	–	-55,540	–	-3.15%	–
V	Exit	VISA INC	$0	–	-109,322	–	-4.28%	–
QQQ	Exit	POWERSHARES QQQ TRUSTetf	$0	–	-107,186	–	-5.80%	–
IVV	Exit	ISHARES TR CORE S&P 500etf	$0	–	-63,253	–	-5.95%	–
IJR	Exit	ISHARES TR CORE SCetf	$0	–	-222,547	–	-6.14%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRetf	$0	–	-65,594	–	-7.96%	–
SPY	Exit	SPDR S&P 500 ETF SPYetf	$0	–	-103,163	–	-9.63%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF SPYetf	$25,917,000	+3.9%	103,163	+0.0%	9.63%	-2.8%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRetf	$21,405,000	+2.1%	65,594	-0.6%	7.96%	-4.4%
IJR	Buy	ISHARES TR CORE SCetf	$16,517,000	+6.0%	222,547	+0.2%	6.14%	-0.8%
IVV	Buy	ISHARES TR CORE S&P 500etf	$15,999,000	+27.3%	63,253	+22.5%	5.95%	+19.2%
QQQ	Sell	POWERSHARES QQQ TRUSTetf	$15,591,000	+5.3%	107,186	-0.4%	5.80%	-1.4%
V	Sell	VISA INC	$11,505,000	+11.7%	109,322	-0.4%	4.28%	+4.6%
IJJ	Buy	ISHARES TR S&P SC 400etf	$8,482,000	+4.0%	55,540	+1.2%	3.15%	-2.6%
FB	Buy	FACEBOOK INC	$7,262,000	+17.4%	42,499	+3.7%	2.70%	+9.9%
XOM	Sell	EXXON MOBIL CORP	$6,936,000	-1.0%	84,606	-2.5%	2.58%	-7.3%
MCD	Buy	MCDONALDS CORP	$6,587,000	+3.0%	42,039	+0.7%	2.45%	-3.6%
JPM	Buy	JPMORGAN CHASE & CO	$5,531,000	+7.6%	57,912	+3.0%	2.06%	+0.7%
AAPL	Buy	APPLE INC	$5,504,000	+275.4%	35,710	+250.8%	2.05%	+251.5%
MO	Buy	ALTRIA GROUP INC	$5,371,000	-12.3%	84,691	+3.0%	2.00%	-17.9%
LMT	Buy	LOCKHEED MARTIN CORP	$5,236,000	+14.9%	16,875	+2.8%	1.95%	+7.5%
PEP	Buy	PEPSICO INC	$4,969,000	-2.6%	44,596	+1.0%	1.85%	-8.8%
IJK	Buy	ISHARES TR MC 400 GRetf	$4,890,000	+3.6%	24,167	+0.7%	1.82%	-3.0%
T	Sell	AT&T INC	$4,587,000	+3.3%	117,102	-0.5%	1.70%	-3.3%
DIA	Buy	SPDR DOW JONES INDL AVRG DIAetf	$4,258,000	+11.4%	19,025	+6.1%	1.58%	+4.3%
IJH	Sell	ISHARES TR CORE S&P MCPetf	$4,100,000	+2.7%	22,920	-0.2%	1.52%	-3.9%
VRP	Buy	POWERSHARES ETF TR II VAR RATEetf	$3,960,000	+16.6%	152,009	+17.1%	1.47%	+9.1%
GOOG	Buy	ALPHABET INC CL C	$3,626,000	+8.3%	3,781	+2.7%	1.35%	+1.4%
FTEC	Buy	FIDELITY MSCI INFO TECHetf	$3,238,000	+12.4%	70,137	+4.0%	1.20%	+5.2%
ITOT	Buy	ISHARES TR CORE S&P TTL STKetf	$3,162,000	+9.0%	54,868	+4.8%	1.18%	+2.0%
ABBV	Sell	ABBVIE INC	$2,891,000	-14.8%	32,536	-30.5%	1.08%	-20.3%
KRE	Sell	SPDR SERIES TR REGL BANKetf	$2,763,000	+0.4%	48,678	-2.7%	1.03%	-6.0%
IEMG	Buy	ISHARES INC SMCI EMKTetf	$2,649,000	+8.8%	49,044	+0.8%	0.98%	+1.9%
UNH	Buy	UNITEDHEALTH GROUP INC	$2,517,000	+9.2%	12,851	+3.4%	0.94%	+2.3%
LQD	Buy	ISHARES TR IBOXX INV CPetf	$2,386,000	+4.1%	19,685	+3.5%	0.89%	-2.6%
MSFT	Buy	MICROSOFT CORP	$2,302,000	+11.3%	30,891	+2.9%	0.86%	+4.3%
CVX	Buy	CHEVRON CORP NEW	$2,088,000	+29.8%	17,774	+15.2%	0.78%	+21.4%
AMZN	Buy	AMAZON COM INC	$2,048,000	+23.1%	2,130	+23.9%	0.76%	+15.1%
ED	Buy	CONSOLIDATED EDISON INC	$1,824,000	+5.6%	22,617	+5.9%	0.68%	-1.2%
SHY	Buy	ISHARES TR 1-3 YR TSYetf	$1,751,000	+7.6%	20,742	+7.7%	0.65%	+0.8%
RTN	Buy	RAYTHEON CO	$1,750,000	+16.9%	9,381	+1.2%	0.65%	+9.4%
JNJ	Sell	JOHNSON & JOHNSON	$1,719,000	-2.8%	13,220	-1.1%	0.64%	-9.0%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,651,000	+14.3%	33,348	+3.2%	0.61%	+7.2%
GOOGL	Sell	ALPHABET INC	$1,621,000	+4.7%	1,665	-0.1%	0.60%	-2.0%
BND	Buy	VANGUARD BD INDEX FD INCetf	$1,572,000	+6.7%	19,175	+6.5%	0.58%	-0.2%
HYG	Buy	ISHARES TR IBOXX HI YDetf	$1,440,000	+12.0%	16,216	+11.5%	0.54%	+4.7%
AGG	Buy	ISHARES TR CORE US AGG BDetf	$1,314,000	+11.2%	11,991	+11.0%	0.49%	+4.1%
IEFA	Buy	ISHARES TR CORE MSCI EAFEetf	$1,269,000	+9.9%	19,786	+4.3%	0.47%	+2.8%
WEN	Sell	WENDYS CO	$1,260,000	-0.9%	81,111	-1.0%	0.47%	-7.3%
GE	Sell	GENERAL ELECTRIC CO	$1,242,000	-12.2%	51,372	-1.9%	0.46%	-17.8%
PG	Buy	PROCTER AND GAMBLE CO	$1,112,000	+4.9%	12,217	+0.4%	0.41%	-1.9%
PM	Sell	PHILIP MORRIS INTL INC	$1,069,000	-7.2%	9,627	-1.8%	0.40%	-13.3%
JNK	Buy	SPDR SERIES TR BLOOMBERG BRCetf	$891,000	+4.5%	23,893	+4.1%	0.33%	-2.4%
VTI	Buy	VANGUARD INDEX TOTAL STK MKTetf	$839,000	+5.7%	6,473	+1.5%	0.31%	-1.0%
GS	Sell	GOLDMAN SACHS GROUP INC	$799,000	-0.2%	3,369	-6.6%	0.30%	-6.6%
AGN	Buy	ALLERGAN PLC	$790,000	-9.7%	3,857	+7.2%	0.29%	-15.3%
TIP	Sell	ISHARES TR TIPS BDetf	$787,000	-0.3%	6,926	-0.4%	0.29%	-6.4%
INTC	Buy	INTEL CORP	$770,000	+13.6%	20,215	+0.6%	0.29%	+6.3%
MS	Sell	MORGAN STANLEY	$666,000	+6.6%	13,828	-1.4%	0.25%	0.0%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$659,000	+45.8%	4,540	+54.6%	0.24%	+36.1%
BX	Buy	BLACKSTONE GROUP L P	$650,000	+0.2%	19,479	+0.0%	0.24%	-6.2%
MTB	Buy	M & T BK CORP	$652,000	+12.8%	4,048	+13.4%	0.24%	+5.2%
GIS	Sell	GENERAL MLS INC	$649,000	-63.3%	12,534	-60.8%	0.24%	-65.7%
IEF	Buy	ISHARES TR BARCLAY 7-10 YR	$575,000	+14.5%	5,402	+14.7%	0.21%	+7.5%
UPS	Sell	UNITED PARCEL SERVICE INC	$558,000	+7.3%	4,646	-1.1%	0.21%	0.0%
DWDP	New	DOWDUPONT INC	$550,000	–	7,953	–	0.20%	–
AAOI	Sell	APPLIED OPTOELECTRONICS INC	$517,000	-27.3%	8,000	-30.4%	0.19%	-31.9%
CAT	Sell	CATERPILLAR INC DEL	$500,000	+12.1%	4,012	-3.3%	0.19%	+5.1%
ABT	Buy	ABBOTT LABS	$499,000	+9.7%	9,355	+0.0%	0.18%	+2.2%
PFE	Buy	PFIZER INC	$482,000	+6.6%	13,509	+0.4%	0.18%	-0.6%
BA	Buy	BOEING CO	$476,000	+29.3%	1,873	+0.7%	0.18%	+21.2%
MRK	Sell	MERCK & CO INC	$443,000	-2.0%	6,915	-2.0%	0.16%	-8.3%
GSK	Sell	GLAXOSMITHKLINE PLC	$442,000	-8.3%	10,890	-2.6%	0.16%	-14.1%
ETB	Sell	EATON VANCE TAX MNGED BUY WR	$414,000	+1.7%	24,705	-0.4%	0.15%	-4.9%
L	Sell	LOEWS CORP	$408,000	-17.9%	8,519	-19.8%	0.15%	-22.8%
KO	Buy	COCA COLA CO	$403,000	+0.5%	8,962	+0.1%	0.15%	-5.7%
WFC	Sell	WELLS FARGO CO NEW	$402,000	-21.3%	7,282	-21.1%	0.15%	-26.6%
MA	Sell	MASTERCARD INCORPORATED	$396,000	+15.1%	2,807	-0.8%	0.15%	+7.3%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$382,000	+14.4%	5,988	+0.0%	0.14%	+6.8%
QGEN	Sell	QIAGEN NV	$376,000	-8.7%	11,947	-2.9%	0.14%	-14.6%
TLT	Buy	ISHARES TR 20 YR BOND ETFetf	$368,000	+5.4%	2,953	+5.6%	0.14%	-1.4%
UTX	Buy	UNITED TECHNOLOGIES CORP	$361,000	-3.7%	3,106	+1.2%	0.13%	-10.1%
FXI	Buy	ISHARES TR CHINA LG CPAetf	$346,000	+49.1%	7,850	+34.2%	0.13%	+40.2%
PFF	Buy	ISHARES TR US PFD STKetf	$340,000	+8.6%	8,758	+9.5%	0.13%	+1.6%
NKE	Buy	NIKE INC	$339,000	-12.2%	6,540	+0.0%	0.13%	-17.6%
PYPL	Buy	PAYPAL HLDGS INC	$322,000	+32.0%	5,030	+10.4%	0.12%	+23.7%
KEY	Sell	KEYCORP NEW	$314,000	0.0%	16,710	-0.3%	0.12%	-6.4%
MINT	Buy	PIMCO ETF TR MINTetf	$311,000	+36.4%	3,052	+36.1%	0.12%	+27.5%
UTL	Sell	UNITIL CORP	$274,000	+1.1%	5,534	-1.3%	0.10%	-5.6%
WM	Sell	WASTE MGMT INC DEL	$262,000	+5.6%	3,345	-1.2%	0.10%	-1.0%
ETN	New	EATON CORP PLC	$258,000	–	3,354	–	0.10%	–
AMGN	Buy	AMGEN INC	$254,000	+8.5%	1,361	+0.1%	0.09%	+1.1%
CWB	Sell	SPDR SERIES TR BLMBRG BRC CNVRTetf	$252,000	+2.9%	4,932	-0.3%	0.09%	-3.1%
IWF	Buy	ISHARES TR RUSSELL 1000 Growthetf	$251,000	+13.1%	2,010	+7.7%	0.09%	+5.7%
SDOG	Buy	ALPS ETF TR SECT DIV DOGSetf	$246,000	+17.7%	5,583	+14.2%	0.09%	+9.6%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fetf	$242,000	+6.6%	5,566	-0.0%	0.09%	0.0%
FENY	Sell	FIDELITY MSCI ENERGY IDXetf	$234,000	-6.4%	12,369	-11.1%	0.09%	-12.1%
DIS	Sell	DISNEY WALT CO	$228,000	-20.6%	2,309	-14.5%	0.08%	-25.4%
MMM	Buy	3M CO	$225,000	+1.8%	1,072	+1.0%	0.08%	-4.5%
SAA	New	PROSHARES TR ULT SCAP 600etf	$214,000	–	2,300	–	0.08%	–
BSE	Sell	BLACKROCK NY MUNI INC QLTY T	$212,000	-8.6%	15,850	-8.6%	0.08%	-14.1%
VXF	New	VANGUARD INDEX FDS EXTEND MKTetf	$209,000	–	1,947	–	0.08%	–
HCP	Sell	HCP INC	$207,000	-14.1%	7,440	-1.5%	0.08%	-19.8%
PRU	Buy	PRUDENTIAL FINL INC	$207,000	-0.5%	1,945	+1.2%	0.08%	-7.2%
TRST	Buy	TRUSTCO BK CORP N Y	$204,000	+14.6%	22,949	+0.0%	0.08%	+7.0%
F	Buy	FORD MTR CO DEL	$150,000	+13.6%	12,559	+6.5%	0.06%	+7.7%
JRS	Sell	NUVEEN REAL ESTATE INCOME FD	$145,000	-2.0%	13,027	-0.5%	0.05%	-8.5%
FTR	Exit	FRONTIER COMMUNICATIONS CORP	$0	–	-43,534	–	-0.02%	–
ANWWQ	Exit	AEGEAN MARINE PETROLEUM NETW	$0	–	-13,200	–	-0.03%	–
C	Exit	CITIGROUP INC	$0	–	-3,017	–	-0.08%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-3,125	–	-0.08%	–
CBRL	Exit	CRACKER BARREL OLD CTRY STOR	$0	–	-1,500	–	-0.10%	–
DOW	Exit	DOW CHEM CO	$0	–	-7,295	–	-0.18%	–
SNAP	Exit	SNAP INCcl a	$0	–	-32,477	–	-0.23%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$24,945,000	–	103,161	–	9.91%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$20,965,000	–	66,006	–	8.33%	–
IJR	New	ISHARES TRcore s&p scp etf	$15,579,000	–	222,204	–	6.19%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$14,802,000	–	107,578	–	5.88%	–
IVV	New	ISHARES TRcore s&p500 etf	$12,567,000	–	51,628	–	4.99%	–
V	New	VISA INC	$10,298,000	–	109,804	–	4.09%	–
IJJ	New	ISHARES TRs&p mc 400vl etf	$8,153,000	–	54,885	–	3.24%	–
XOM	New	EXXON MOBIL CORP	$7,004,000	–	86,762	–	2.78%	–
MCD	New	MCDONALDS CORP	$6,396,000	–	41,757	–	2.54%	–
FB	New	FACEBOOK INCcl a	$6,187,000	–	40,976	–	2.46%	–
MO	New	ALTRIA GROUP INC	$6,121,000	–	82,195	–	2.43%	–
JPM	New	JPMORGAN CHASE & CO	$5,138,000	–	56,213	–	2.04%	–
PEP	New	PEPSICO INC	$5,100,000	–	44,160	–	2.02%	–
IJK	New	ISHARES TRs&p mc 400gr etf	$4,720,000	–	24,008	–	1.87%	–
LMT	New	LOCKHEED MARTIN CORP	$4,558,000	–	16,420	–	1.81%	–
T	New	AT&T INC	$4,442,000	–	117,718	–	1.76%	–
IJH	New	ISHARES TRcore s&p mcp etf	$3,994,000	–	22,959	–	1.59%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$3,822,000	–	17,927	–	1.52%	–
VRP	New	POWERSHARES ETF TR IIvar rate pfd por	$3,397,000	–	129,842	–	1.35%	–
ABBV	New	ABBVIE INC	$3,394,000	–	46,805	–	1.35%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,347,000	–	3,683	–	1.33%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$2,902,000	–	52,377	–	1.15%	–
FTEC	New	FIDELITYmsci info tech i	$2,882,000	–	67,450	–	1.14%	–
KRE	New	SPDR SERIES TRUSTs&p regl bkg	$2,751,000	–	50,053	–	1.09%	–
IEMG	New	ISHARES INCcore msci emkt	$2,435,000	–	48,652	–	0.97%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,304,000	–	12,423	–	0.92%	–
LQD	New	ISHARES TRiboxx inv cp etf	$2,293,000	–	19,027	–	0.91%	–
MSFT	New	MICROSOFT CORP	$2,068,000	–	30,010	–	0.82%	–
GIS	New	GENERAL MLS INC	$1,770,000	–	31,946	–	0.70%	–
JNJ	New	JOHNSON & JOHNSON	$1,768,000	–	13,361	–	0.70%	–
ED	New	CONSOLIDATED EDISON INC	$1,727,000	–	21,365	–	0.69%	–
AMZN	New	AMAZON COM INC	$1,664,000	–	1,719	–	0.66%	–
SHY	New	ISHARES TR1-3 yr tr bd etf	$1,627,000	–	19,256	–	0.65%	–
CVX	New	CHEVRON CORP NEW	$1,609,000	–	15,427	–	0.64%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,548,000	–	1,666	–	0.62%	–
RTN	New	RAYTHEON CO	$1,497,000	–	9,274	–	0.60%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$1,473,000	–	17,999	–	0.58%	–
AAPL	New	APPLE INC	$1,466,000	–	10,179	–	0.58%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,444,000	–	32,328	–	0.57%	–
GE	New	GENERAL ELECTRIC CO	$1,415,000	–	52,378	–	0.56%	–
HYG	New	ISHARES TRiboxx hi yd etf	$1,286,000	–	14,547	–	0.51%	–
WEN	New	WENDYS CO	$1,271,000	–	81,950	–	0.50%	–
AGG	New	ISHARES TRcore us aggbd et	$1,182,000	–	10,798	–	0.47%	–
IEFA	New	ISHARES TRcore msci eafe	$1,155,000	–	18,968	–	0.46%	–
PM	New	PHILIP MORRIS INTL INC	$1,152,000	–	9,807	–	0.46%	–
PG	New	PROCTER AND GAMBLE CO	$1,060,000	–	12,168	–	0.42%	–
VOE	New	VANGUARD INDEX FDSmcap vl idxvip	$1,057,000	–	10,275	–	0.42%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$1,003,000	–	15,693	–	0.40%	–
AGN	New	ALLERGAN PLC	$875,000	–	3,598	–	0.35%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$853,000	–	22,944	–	0.34%	–
GS	New	GOLDMAN SACHS GROUP INC	$801,000	–	3,608	–	0.32%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$794,000	–	6,379	–	0.32%	–
TIP	New	ISHARES TRtips bd etf	$789,000	–	6,953	–	0.31%	–
IBB	New	ISHARES TRnasdq biotec etf	$771,000	–	2,487	–	0.31%	–
EWW	New	ISHARESmsci mex cap etf	$758,000	–	14,051	–	0.30%	–
UNP	New	UNION PAC CORP	$719,000	–	6,606	–	0.29%	–
AAOI	New	APPLIED OPTOELECTRONICS INC	$711,000	–	11,500	–	0.28%	–
INTC	New	INTEL CORP	$678,000	–	20,095	–	0.27%	–
BX	New	BLACKSTONE GROUP L P	$649,000	–	19,474	–	0.26%	–
MS	New	MORGAN STANLEY	$625,000	–	14,028	–	0.25%	–
MTB	New	M & T BK CORP	$578,000	–	3,570	–	0.23%	–
SNAP	New	SNAP INCcl a	$577,000	–	32,477	–	0.23%	–
INGR	New	INGREDION INC	$563,000	–	4,725	–	0.22%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$520,000	–	4,700	–	0.21%	–
WFC	New	WELLS FARGO CO NEW	$511,000	–	9,232	–	0.20%	–
IEF	New	ISHARES TR7-10yr tr bd etf	$502,000	–	4,708	–	0.20%	–
L	New	LOEWS CORP	$497,000	–	10,619	–	0.20%	–
CI	New	CIGNA CORPORATION	$485,000	–	2,900	–	0.19%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$482,000	–	11,184	–	0.19%	–
NBO	New	NEUBERGER BERMAN NY INT MUN	$471,000	–	36,908	–	0.19%	–
EWH	New	ISHARESmsci hong kg etf	$464,000	–	19,800	–	0.18%	–
DOW	New	DOW CHEM CO	$460,000	–	7,295	–	0.18%	–
ABT	New	ABBOTT LABS	$455,000	–	9,353	–	0.18%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$452,000	–	2,936	–	0.18%	–
PFE	New	PFIZER INC	$452,000	–	13,454	–	0.18%	–
MRK	New	MERCK & CO INC	$452,000	–	7,059	–	0.18%	–
CAT	New	CATERPILLAR INC DEL	$446,000	–	4,148	–	0.18%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$422,000	–	2,962	–	0.17%	–
QGEN	New	QIAGEN NV	$412,000	–	12,298	–	0.16%	–
ETB	New	EATON VANCE TAX MNGED BUY WR	$407,000	–	24,792	–	0.16%	–
KO	New	COCA COLA CO	$401,000	–	8,951	–	0.16%	–
GXC	New	SPDR INDEX SHS FDSs&p china etf	$393,000	–	4,400	–	0.16%	–
NKE	New	NIKE INCcl b	$386,000	–	6,538	–	0.15%	–
UTX	New	UNITED TECHNOLOGIES CORP	$375,000	–	3,068	–	0.15%	–
BA	New	BOEING CO	$368,000	–	1,860	–	0.15%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$352,000	–	3,959	–	0.14%	–
TLT	New	ISHARES TR20 yr tr bd etf	$349,000	–	2,796	–	0.14%	–
MA	New	MASTERCARD INCORPORATEDcl a	$344,000	–	2,830	–	0.14%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$334,000	–	5,986	–	0.13%	–
AWR	New	AMERICAN STS WTR CO	$332,000	–	7,000	–	0.13%	–
CMCSA	New	COMCAST CORP NEWcl a	$329,000	–	8,462	–	0.13%	–
PGX	New	POWERSHARES ETF TR IIpfd portfolio	$315,000	–	20,839	–	0.12%	–
KEY	New	KEYCORP NEW	$314,000	–	16,752	–	0.12%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$313,000	–	7,996	–	0.12%	–
GBAB	New	GUGGENHEIM TAXABLE MUN MNGD	$309,000	–	13,573	–	0.12%	–
HON	New	HONEYWELL INTL INC	$307,000	–	2,303	–	0.12%	–
DIS	New	DISNEY WALT CO	$287,000	–	2,702	–	0.11%	–
UTL	New	UNITIL CORP	$271,000	–	5,609	–	0.11%	–
MGEE	New	MGE ENERGY INC	$270,000	–	4,200	–	0.11%	–
TU	New	TELUS CORP	$266,000	–	7,694	–	0.11%	–
CBRL	New	CRACKER BARREL OLD CTRY STOR	$251,000	–	1,500	–	0.10%	–
FENY	New	FIDELITYmsci energy idx	$250,000	–	13,909	–	0.10%	–
WM	New	WASTE MGMT INC DEL	$248,000	–	3,384	–	0.10%	–
CWB	New	SPDR SERIES TRUSTblmbrg brc cnvrt	$245,000	–	4,947	–	0.10%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$245,000	–	1,815	–	0.10%	–
PYPL	New	PAYPAL HLDGS INC	$244,000	–	4,555	–	0.10%	–
HCP	New	HCP INC	$241,000	–	7,552	–	0.10%	–
AMGN	New	AMGEN INC	$234,000	–	1,360	–	0.09%	–
BSE	New	BLACKROCK NY MUNI INC QLTY T	$232,000	–	17,350	–	0.09%	–
FXI	New	ISHARES TRchina lg-cap etf	$232,000	–	5,850	–	0.09%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$228,000	–	2,242	–	0.09%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$227,000	–	5,568	–	0.09%	–
LLY	New	LILLY ELI & CO	$224,000	–	2,725	–	0.09%	–
MMM	New	3M CO	$221,000	–	1,061	–	0.09%	–
PPL	New	PPL CORP	$221,000	–	5,727	–	0.09%	–
IWF	New	ISHARES TRrus 1000 grw etf	$222,000	–	1,866	–	0.09%	–
AEP	New	AMERICAN ELEC PWR INC	$219,000	–	3,153	–	0.09%	–
PAYX	New	PAYCHEX INC	$216,000	–	3,793	–	0.09%	–
LAZ	New	LAZARD LTD	$210,000	–	4,534	–	0.08%	–
PRU	New	PRUDENTIAL FINL INC	$208,000	–	1,922	–	0.08%	–
SDOG	New	ALPS ETF TRsectr div dogs	$209,000	–	4,890	–	0.08%	–
XRAY	New	DENTSPLY SIRONA INC	$203,000	–	3,125	–	0.08%	–
C	New	CITIGROUP INC	$202,000	–	3,017	–	0.08%	–
TRST	New	TRUSTCO BK CORP N Y	$178,000	–	22,946	–	0.07%	–
JRS	New	NUVEEN REAL ESTATE INCOME FD	$148,000	–	13,097	–	0.06%	–
F	New	FORD MTR CO DEL	$132,000	–	11,794	–	0.05%	–
ANWWQ	New	AEGEAN MARINE PETROLEUM NETW	$77,000	–	13,200	–	0.03%	–
FTR	New	FRONTIER COMMUNICATIONS CORP	$50,000	–	43,534	–	0.02%	–

Q4 2016

			Value		Shares		↓ Weighting
BDJ	Exit	BLACKROCK ENHANCED EQT DIV Tcef	$0	–	-10,833	–	-0.04%	–
MAV	Exit	PIONEER MUN HIGH INCOME ADVcef	$0	–	-10,000	–	-0.06%	–
JRS	Exit	NUVEEN REAL ESTATE INCOME FDcef	$0	–	-13,097	–	-0.08%	–
TRST	Exit	TRUSTCO BK CORP N Ystock	$0	–	-22,338	–	-0.08%	–
MYN	Exit	BLACKROCK MUNIYIELD NY QLTYcef	$0	–	-12,414	–	-0.09%	–
AEP	Exit	AMERICAN ELEC PWR INCstock	$0	–	-3,153	–	-0.10%	–
CVS	Exit	CVS HEALTH CORPstock	$0	–	-2,279	–	-0.10%	–
SDOG	Exit	ALPS ETF TRetf	$0	–	-4,890	–	-0.10%	–
KYN	Exit	KAYNE ANDERSON MLP INVT COstock	$0	–	-10,188	–	-0.10%	–
NRK	Exit	NUVEEN NY AMT FREE MUN INCOMcef	$0	–	-14,791	–	-0.10%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fetf	$0	–	-5,602	–	-0.10%	–
KEY	Exit	KEYCORP NEWstock	$0	–	-17,575	–	-0.11%	–
BA	Exit	BOEING COstock	$0	–	-1,640	–	-0.11%	–
HON	Exit	HONEYWELL INTL INCstock	$0	–	-1,863	–	-0.11%	–
MSM	Exit	MSC INDL DIRECT INCstock	$0	–	-3,000	–	-0.11%	–
CMCSA	Exit	COMCAST CORP NEWstock	$0	–	-3,310	–	-0.11%	–
LLY	Exit	LILLY ELI & COstock	$0	–	-2,725	–	-0.11%	–
CWB	Exit	SPDR SERIES TRUST BRC CNVetf	$0	–	-4,830	–	-0.11%	–
UTX	Exit	UNITED TECHNOLOGIES CORPstock	$0	–	-2,203	–	-0.11%	–
MGEE	Exit	MGE ENERGY INCstock	$0	–	-4,200	–	-0.12%	–
KO	Exit	COCA COLA COstock	$0	–	-5,785	–	-0.12%	–
CAT	Exit	CATERPILLAR INC DELstock	$0	–	-2,761	–	-0.12%	–
GXC	Exit	SPDR INDEX SHS FDS CHINAetf	$0	–	-3,100	–	-0.12%	–
PFF	Exit	ISHARES TR US PFDetf	$0	–	-6,411	–	-0.13%	–
TU	Exit	TELUS CORPstock	$0	–	-7,870	–	-0.13%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRAstock	$0	–	-1,815	–	-0.13%	–
PAYX	Exit	PAYCHEX INCstock	$0	–	-4,610	–	-0.13%	–
TLT	Exit	ISHARES TR 20 YR TR BDetf	$0	–	-1,955	–	-0.13%	–
UN	Exit	UNILEVER N Vadr	$0	–	-5,900	–	-0.14%	–
GWPH	Exit	GW PHARMACEUTICALS PLCstock	$0	–	-2,060	–	-0.14%	–
IEF	Exit	ISHARES TR 7-10 YR BNDetf	$0	–	-2,449	–	-0.14%	–
AWR	Exit	AMERICAN STS WTR COstock	$0	–	-7,000	–	-0.14%	–
UTL	Exit	UNITIL CORPstock	$0	–	-7,253	–	-0.14%	–
MA	Exit	MASTERCARD INCstock	$0	–	-2,830	–	-0.14%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Plp	$0	–	-7,879	–	-0.14%	–
EWH	Exit	ISHARES MSCI HONG KONGetf	$0	–	-13,650	–	-0.15%	–
GBAB	Exit	GUGGENHEIM BLD AMR BDS MANGstock	$0	–	-13,073	–	-0.15%	–
PGX	Exit	POWERSHARES ETF TR II PFDetf	$0	–	-20,516	–	-0.15%	–
IEMG	Exit	ISHARES INC CORE MSCI EMGetf	$0	–	-6,861	–	-0.16%	–
BSE	Exit	BLACKROCK NY MUNI INC QLTY Tstock	$0	–	-21,350	–	-0.16%	–
CNCE	Exit	CONCERT PHARMACEUTICALS INCstock	$0	–	-31,401	–	-0.16%	–
MS	Exit	MORGAN STANLEYstock	$0	–	-10,198	–	-0.16%	–
ABT	Exit	ABBOTT LABSstock	$0	–	-7,777	–	-0.16%	–
CST	Exit	CST BRANDS INCstock	$0	–	-7,039	–	-0.17%	–
QGEN	Exit	QIAGEN NVstock	$0	–	-12,407	–	-0.17%	–
SDY	Exit	SPDR SERIES TRUST S&P DVDetf	$0	–	-4,073	–	-0.17%	–
QCOM	Exit	QUALCOMM INCstock	$0	–	-5,092	–	-0.17%	–
DOW	Exit	DOW CHEM COstock	$0	–	-6,845	–	-0.18%	–
PFE	Exit	PFIZER INCstock	$0	–	-10,717	–	-0.18%	–
MTB	Exit	M & T BK CORPstock	$0	–	-3,141	–	-0.18%	–
WFC	Exit	WELLS FARGO & CO NEWstock	$0	–	-8,402	–	-0.18%	–
MRK	Exit	MERCK & CO INCstock	$0	–	-6,232	–	-0.19%	–
VO	Exit	VANGUARD INDEX FDS MCVetf	$0	–	-3,037	–	-0.20%	–
CI	Exit	CIGNA CORPORATIONstock	$0	–	-3,100	–	-0.20%	–
ETB	Exit	EATON VANCE TAX MNGED BUY WRstock	$0	–	-25,005	–	-0.21%	–
INGR	Exit	INGREDION INCstock	$0	–	-3,225	–	-0.21%	–
SWHC	Exit	SMITH & WESSON HLDG CORPstock	$0	–	-16,287	–	-0.22%	–
HCP	Exit	HCP INCstock	$0	–	-11,477	–	-0.22%	–
L	Exit	LOEWS CORPstock	$0	–	-10,619	–	-0.22%	–
GSK	Exit	GLAXOSMITHKLINE PLCadr	$0	–	-10,107	–	-0.22%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHSstock	$0	–	-2,760	–	-0.22%	–
EWW	Exit	ISHARES MSCI MEX CAPetf	$0	–	-9,800	–	-0.24%	–
NBO	Exit	NEUBERGER BERMAN NY INT MUNstock	$0	–	-34,908	–	-0.25%	–
INTC	Exit	INTEL CORPstock	$0	–	-14,272	–	-0.27%	–
UPS	Exit	UNITED PARCEL SERVICE INCstock	$0	–	-5,037	–	-0.27%	–
GOOGL	Exit	ALPHABET INCstock	$0	–	-717	–	-0.29%	–
BMY	Exit	BRISTOL MYERS SQUIBB COstock	$0	–	-10,867	–	-0.29%	–
UNP	Exit	UNION PAC CORPstock	$0	–	-6,027	–	-0.29%	–
JNK	Exit	SPDR SERIES TRUST BRC HGH YLDetf	$0	–	-17,372	–	-0.32%	–
HYG	Exit	ISHARES TR IBOXX HI YLDetf	$0	–	-7,382	–	-0.32%	–
VTI	Exit	VANGUARD INDEX FDS TSMetf	$0	–	-5,982	–	-0.33%	–
AGG	Exit	ISHARES TR CORE US AGG BDetf	$0	–	-6,803	–	-0.38%	–
BX	Exit	BLACKSTONE GROUP L Plp	$0	–	-30,386	–	-0.39%	–
TIP	Exit	ISHARES TR TIPS BDetf	$0	–	-6,940	–	-0.40%	–
IBB	Exit	ISHARES TR NASDQ BIOTECetf	$0	–	-2,831	–	-0.41%	–
BPL	Exit	BUCKEYE PARTNERS L Plp	$0	–	-12,373	–	-0.44%	–
AAPL	Exit	APPLE INCstock	$0	–	-8,069	–	-0.45%	–
WEN	Exit	WENDYS COstock	$0	–	-88,642	–	-0.48%	–
PM	Exit	PHILIP MORRIS INTL INCstock	$0	–	-9,946	–	-0.48%	–
VOE	Exit	VANGUARD INDEX FDS MCVetf	$0	–	-10,361	–	-0.48%	–
MSFT	Exit	MICROSOFT CORPstock	$0	–	-17,159	–	-0.49%	–
PG	Exit	PROCTER & GAMBLE COstock	$0	–	-11,357	–	-0.51%	–
IEFA	Exit	ISHARES TR CORE MSCI EAFEetf	$0	–	-19,675	–	-0.54%	–
CVX	Exit	CHEVRON CORP NEWstock	$0	–	-11,057	–	-0.57%	–
AMZN	Exit	AMAZON COM INCstock	$0	–	-1,398	–	-0.58%	–
RTN	Exit	RAYTHEON COstock	$0	–	-8,923	–	-0.60%	–
SHY	Exit	ISHARES TR 1-3 TR BDetf	$0	–	-14,978	–	-0.63%	–
BND	Exit	VANGUARD BD INDEX FD INCetf	$0	–	-15,595	–	-0.65%	–
ITOT	Exit	ISHARES TR CORE S&P TTLetf	$0	–	-27,028	–	-0.66%	–
JPM	Exit	JPMORGAN CHASE & COstock	$0	–	-21,377	–	-0.71%	–
ED	Exit	CONSOLIDATED EDISON INCstock	$0	–	-19,223	–	-0.72%	–
VZ	Exit	VERIZON COMMUNICATIONS INCstock	$0	–	-28,860	–	-0.74%	–
UNH	Exit	UNITEDHEALTH GROUP INCstock	$0	–	-11,037	–	-0.77%	–
JNJ	Exit	JOHNSON & JOHNSONstock	$0	–	-13,618	–	-0.80%	–
GE	Exit	GENERAL ELECTRIC COstock	$0	–	-58,741	–	-0.86%	–
AGN	Exit	ALLERGAN PLCstock	$0	–	-7,577	–	-0.87%	–
FTEC	Exit	FIDELITY MSCI INFO TECHetf	$0	–	-51,911	–	-0.94%	–
GIS	Exit	GENERAL MLS INCstock	$0	–	-30,973	–	-0.98%	–
ABBV	Exit	ABBVIE INCstock	$0	–	-33,415	–	-1.05%	–
LQD	Exit	ISHARES TR IBOXX INV CPetf	$0	–	-17,283	–	-1.06%	–
IJH	Exit	ISHARES TR CORE MCPetf	$0	–	-14,150	–	-1.09%	–
VRP	Exit	POWERSHARES ETF TR IIetf	$0	–	-89,843	–	-1.14%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFetf	$0	–	-12,801	–	-1.16%	–
GOOG	Exit	ALPHABET INCstock	$0	–	-3,385	–	-1.31%	–
AZO	Exit	AUTOZONE INCstock	$0	–	-4,104	–	-1.57%	–
IJK	Exit	ISHARES TR MC GROetf	$0	–	-22,873	–	-1.99%	–
PEP	Exit	PEPSICO INCstock	$0	–	-40,880	–	-2.21%	–
MCD	Exit	MCDONALDS CORPstock	$0	–	-40,750	–	-2.34%	–
T	Exit	AT&T INCstock	$0	–	-115,872	–	-2.34%	–
LMT	Exit	LOCKHEED MARTIN CORPstock	$0	–	-19,692	–	-2.35%	–
FB	Exit	FACEBOOK INCstock	$0	–	-39,285	–	-2.50%	–
MO	Exit	ALTRIA GROUP INCstock	$0	–	-80,927	–	-2.54%	–
IVV	Exit	ISHARES TR CORE S&P 500etf	$0	–	-30,788	–	-3.33%	–
XOM	Exit	EXXON MOBIL CORPstock	$0	–	-78,160	–	-3.39%	–
IJJ	Exit	ISHARES TR S&P MC VALetf	$0	–	-52,473	–	-3.47%	–
V	Exit	VISA INCstock	$0	–	-110,477	–	-4.54%	–
IJR	Exit	ISHARES TR SMALL CAPetf	$0	–	-86,142	–	-5.31%	–
QQQ	Exit	POWERSHARES QQQ TRUSTetf	$0	–	-108,024	–	-6.37%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRetf	$0	–	-68,063	–	-9.55%	–
SPY	Exit	SPDR S&P 500 ETF TRetf	$0	–	-105,182	–	-11.31%	–

Q3 2016

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRetf	$22,751,000	+1.9%	105,182	-1.3%	11.31%	-5.1%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRetf	$19,212,000	+3.0%	68,063	-0.7%	9.55%	-4.1%
QQQ	Buy	POWERSHARES QQQ TRUSTetf	$12,824,000	+10.7%	108,024	+0.1%	6.37%	+3.2%
IJR	Buy	ISHARES TR SMALL CAPetf	$10,694,000	+8.0%	86,142	+1.1%	5.31%	+0.6%
V	Sell	VISA INCstock	$9,136,000	+10.2%	110,477	-1.1%	4.54%	+2.7%
IJJ	Buy	ISHARES TR S&P MC VALetf	$6,979,000	+5.1%	52,473	+1.2%	3.47%	-2.1%
XOM	Buy	EXXON MOBIL CORPstock	$6,821,000	+2.9%	78,160	+10.6%	3.39%	-4.1%
IVV	Buy	ISHARES TR CORE S&P 500etf	$6,698,000	+32.6%	30,788	+28.3%	3.33%	+23.6%
MO	Buy	ALTRIA GROUP INCstock	$5,117,000	-0.6%	80,927	+8.4%	2.54%	-7.4%
FB	Buy	FACEBOOK INCstock	$5,039,000	+13.2%	39,285	+0.9%	2.50%	+5.5%
LMT	Sell	LOCKHEED MARTIN CORPstock	$4,721,000	-4.5%	19,692	-1.1%	2.35%	-11.0%
T	Buy	AT&T INCstock	$4,706,000	+1.6%	115,872	+8.1%	2.34%	-5.3%
MCD	Buy	MCDONALDS CORPstock	$4,701,000	-2.1%	40,750	+2.1%	2.34%	-8.8%
PEP	Buy	PEPSICO INCstock	$4,447,000	+6.3%	40,880	+3.6%	2.21%	-0.9%
IJK	Buy	ISHARES TR MC GROetf	$3,997,000	+6.2%	22,873	+2.7%	1.99%	-1.0%
AZO	Sell	AUTOZONE INCstock	$3,153,000	-5.7%	4,104	-2.5%	1.57%	-12.1%
GOOG	Buy	ALPHABET INCstock	$2,631,000	+19.3%	3,385	+6.2%	1.31%	+11.1%
DIA	Buy	SPDR DOW JONES INDL AVRG ETFetf	$2,340,000	+5.9%	12,801	+3.7%	1.16%	-1.3%
VRP	Buy	POWERSHARES ETF TR IIetf	$2,292,000	+34.8%	89,843	+31.2%	1.14%	+25.6%
IJH	Buy	ISHARES TR CORE MCPetf	$2,189,000	+18.5%	14,150	+14.4%	1.09%	+10.3%
LQD	Buy	ISHARES TR IBOXX INV CPetf	$2,129,000	+1.4%	17,283	+1.0%	1.06%	-5.5%
ABBV	Buy	ABBVIE INCstock	$2,107,000	+14.0%	33,415	+11.9%	1.05%	+6.2%
GIS	Sell	GENERAL MLS INCstock	$1,979,000	-11.3%	30,973	-1.1%	0.98%	-17.5%
FTEC	Buy	FIDELITY MSCI INFO TECHetf	$1,897,000	+16.3%	51,911	+3.0%	0.94%	+8.4%
AGN	Sell	ALLERGAN PLCstock	$1,745,000	-3.4%	7,577	-3.1%	0.87%	-10.0%
GE	Buy	GENERAL ELECTRIC COstock	$1,740,000	-3.2%	58,741	+2.9%	0.86%	-9.8%
JNJ	Sell	JOHNSON & JOHNSONstock	$1,608,000	-2.7%	13,618	-0.0%	0.80%	-9.3%
UNH	Buy	UNITEDHEALTH GROUP INCstock	$1,545,000	+4.0%	11,037	+4.9%	0.77%	-3.0%
VZ	Buy	VERIZON COMMUNICATIONS INCstock	$1,500,000	+10.3%	28,860	+18.5%	0.74%	+2.8%
ED	Buy	CONSOLIDATED EDISON INCstock	$1,448,000	+9.0%	19,223	+16.3%	0.72%	+1.6%
JPM	Buy	JPMORGAN CHASE & COstock	$1,424,000	+33.6%	21,377	+24.6%	0.71%	+24.4%
ITOT	Buy	ISHARES TR CORE S&P TTLetf	$1,339,000	+25.7%	27,028	+141.6%	0.66%	+17.1%
BND	Buy	VANGUARD BD INDEX FD INCetf	$1,312,000	+2.2%	15,595	+2.4%	0.65%	-4.8%
SHY	Buy	ISHARES TR 1-3 TR BDetf	$1,274,000	+18.5%	14,978	+18.8%	0.63%	+10.5%
RTN	Buy	RAYTHEON COstock	$1,215,000	+11.1%	8,923	+10.9%	0.60%	+3.4%
AMZN	New	AMAZON COM INCstock	$1,171,000	–	1,398	–	0.58%	–
CVX	Buy	CHEVRON CORP NEWstock	$1,138,000	+12.9%	11,057	+15.0%	0.57%	+5.2%
IEFA	Buy	ISHARES TR CORE MSCI EAFEetf	$1,085,000	+38.0%	19,675	+29.8%	0.54%	+28.6%
PG	Buy	PROCTER & GAMBLE COstock	$1,019,000	+10.0%	11,357	+3.8%	0.51%	+2.4%
MSFT	Buy	MICROSOFT CORPstock	$989,000	+19.7%	17,159	+6.3%	0.49%	+11.3%
VOE	Buy	VANGUARD INDEX FDS MCVetf	$970,000	+5.9%	10,361	+0.8%	0.48%	-1.4%
PM	Buy	PHILIP MORRIS INTL INCstock	$967,000	-4.0%	9,946	+0.5%	0.48%	-10.4%
WEN	Sell	WENDYS COstock	$957,000	+10.6%	88,642	-1.4%	0.48%	+3.3%
AAPL	Sell	APPLE INCstock	$912,000	+12.2%	8,069	-5.1%	0.45%	+4.4%
BPL	Buy	BUCKEYE PARTNERS L Plp	$886,000	+3.7%	12,373	+1.9%	0.44%	-3.5%
IBB	New	ISHARES TR NASDQ BIOTECetf	$820,000	–	2,831	–	0.41%	–
TIP	Buy	ISHARES TR TIPS BDetf	$808,000	+3.7%	6,940	+4.0%	0.40%	-3.4%
BX	Sell	BLACKSTONE GROUP L Plp	$776,000	-49.1%	30,386	-51.2%	0.39%	-52.6%
AGG	Buy	ISHARES TR CORE US AGG BDetf	$765,000	+38.3%	6,803	+38.4%	0.38%	+28.8%
HYG	Buy	ISHARES TR IBOXX HI YLDetf	$644,000	+46.4%	7,382	+42.1%	0.32%	+36.2%
JNK	Buy	SPDR SERIES TRUST BRC HGH YLDetf	$638,000	+16.6%	17,372	+13.4%	0.32%	+8.6%
UNP	Sell	UNION PAC CORPstock	$588,000	+11.8%	6,027	-0.1%	0.29%	+3.9%
BMY	Buy	BRISTOL MYERS SQUIBB COstock	$586,000	-13.1%	10,867	+18.5%	0.29%	-19.2%
GOOGL	Buy	ALPHABET INCstock	$577,000	+22.0%	717	+6.7%	0.29%	+13.9%
UPS	Buy	UNITED PARCEL SERVICE INCstock	$551,000	+1.7%	5,037	+0.0%	0.27%	-5.2%
INTC	Buy	INTEL CORPstock	$539,000	+42.2%	14,272	+23.1%	0.27%	+32.7%
NBO	New	NEUBERGER BERMAN NY INT MUNstock	$501,000	–	34,908	–	0.25%	–
IBM	New	INTERNATIONAL BUSINESS MACHSstock	$438,000	–	2,760	–	0.22%	–
HCP	Buy	HCP INCstock	$436,000	+21.8%	11,477	+13.3%	0.22%	+13.6%
L	New	LOEWS CORPstock	$437,000	–	10,619	–	0.22%	–
GSK	Buy	GLAXOSMITHKLINE PLCadr	$436,000	+14.1%	10,107	+14.8%	0.22%	+6.4%
SWHC	New	SMITH & WESSON HLDG CORPstock	$433,000	–	16,287	–	0.22%	–
ETB	Buy	EATON VANCE TAX MNGED BUY WRstock	$414,000	+7.3%	25,005	+5.4%	0.21%	0.0%
MRK	Sell	MERCK & CO INCstock	$389,000	+7.5%	6,232	-0.8%	0.19%	0.0%
WFC	Sell	WELLS FARGO & CO NEWstock	$372,000	-13.3%	8,402	-7.3%	0.18%	-19.2%
MTB	Sell	M & T BK CORPstock	$365,000	-6.4%	3,141	-4.8%	0.18%	-13.0%
PFE	Buy	PFIZER INCstock	$363,000	+1.7%	10,717	+5.5%	0.18%	-5.3%
DOW	Buy	DOW CHEM COstock	$355,000	+14.5%	6,845	+9.6%	0.18%	+6.7%
QCOM	New	QUALCOMM INCstock	$349,000	–	5,092	–	0.17%	–
ABT	Sell	ABBOTT LABSstock	$329,000	+1.9%	7,777	-5.3%	0.16%	-5.2%
CNCE	Buy	CONCERT PHARMACEUTICALS INCstock	$317,000	-8.6%	31,401	+1.7%	0.16%	-14.6%
IEMG	Buy	ISHARES INC CORE MSCI EMGetf	$313,000	+45.6%	6,861	+33.6%	0.16%	+35.7%
BSE	New	BLACKROCK NY MUNI INC QLTY Tstock	$314,000	–	21,350	–	0.16%	–
PGX	Buy	POWERSHARES ETF TR II PFDetf	$310,000	+7.6%	20,516	+8.6%	0.15%	0.0%
ETP	Buy	ENERGY TRANSFER PRTNRS L Plp	$292,000	-1.0%	7,879	+1.6%	0.14%	-7.6%
UTL	Sell	UNITIL CORPstock	$283,000	-9.3%	7,253	-1.0%	0.14%	-15.1%
IEF	Sell	ISHARES TR 7-10 YR BNDetf	$274,000	-2.5%	2,449	-1.5%	0.14%	-9.3%
GWPH	New	GW PHARMACEUTICALS PLCstock	$273,000	–	2,060	–	0.14%	–
UN	Sell	UNILEVER N Vadr	$272,000	-2.9%	5,900	-0.8%	0.14%	-9.4%
TLT	Buy	ISHARES TR 20 YR TR BDetf	$269,000	+9.8%	1,955	+10.5%	0.13%	+2.3%
PFF	New	ISHARES TR US PFDetf	$253,000	–	6,411	–	0.13%	–
CAT	Buy	CATERPILLAR INC DELstock	$245,000	+18.9%	2,761	+1.5%	0.12%	+10.9%
KO	Buy	COCA COLA COstock	$245,000	-5.0%	5,785	+1.8%	0.12%	-11.6%
UTX	Buy	UNITED TECHNOLOGIES CORPstock	$224,000	-0.4%	2,203	+0.1%	0.11%	-7.5%
CWB	Sell	SPDR SERIES TRUST BRC CNVetf	$224,000	+4.7%	4,830	-1.0%	0.11%	-2.6%
CMCSA	New	COMCAST CORP NEWstock	$220,000	–	3,310	–	0.11%	–
BA	New	BOEING COstock	$216,000	–	1,640	–	0.11%	–
KEY	New	KEYCORP NEWstock	$214,000	–	17,575	–	0.11%	–
VWO	Sell	VANGUARD INTL EQUITY INDEX Fetf	$211,000	-4.5%	5,602	-10.9%	0.10%	-11.0%
KYN	New	KAYNE ANDERSON MLP INVT COstock	$210,000	–	10,188	–	0.10%	–
SDOG	New	ALPS ETF TRetf	$203,000	–	4,890	–	0.10%	–
CVS	New	CVS HEALTH CORPstock	$203,000	–	2,279	–	0.10%	–
AEP	Sell	AMERICAN ELEC PWR INCstock	$202,000	-11.8%	3,153	-3.8%	0.10%	-18.0%
MYN	Buy	BLACKROCK MUNIYIELD NY QLTYcef	$175,000	+20.7%	12,414	+23.4%	0.09%	+13.0%
TRST	Sell	TRUSTCO BK CORP N Ystock	$158,000	+8.2%	22,338	-2.5%	0.08%	+1.3%
JRS	Buy	NUVEEN REAL ESTATE INCOME FDcef	$156,000	+18.2%	13,097	+18.8%	0.08%	+11.4%
FNFG	Exit	FIRST NIAGARA FINL GP INC COMstock	$0	–	-19,778	–	-0.10%	–
DIS	Exit	DISNEY WALT CO COM DISNEYstock	$0	–	-2,654	–	-0.14%	–
SYK	Exit	STRYKER CORP COMstock	$0	–	-26,629	–	-1.70%	–

Q2 2016

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 TRUSTetf	$22,329,000	–	106,588	–	11.91%	–
MDY	New	MIDCAP SPDR TRUST, SERIES 1etf	$18,659,000	–	68,545	–	9.95%	–
QQQ	New	POWERSHARES QQQ TRUST, SERIES 1etf	$11,581,000	–	107,907	–	6.18%	–
IJR	New	ISHARES S&P SMALL-CAP FUNDetf	$9,903,000	–	85,233	–	5.28%	–
V	New	VISA INC COM CL Astock	$8,288,000	–	111,746	–	4.42%	–
IJJ	New	ISHARES S&P MIDCAP 400 VALUE ETFetf	$6,639,000	–	51,846	–	3.54%	–
XOM	New	EXXON MOBIL CORP COMstock	$6,627,000	–	70,700	–	3.54%	–
MO	New	ALTRIA GROUP INC COMstock	$5,148,000	–	74,656	–	2.75%	–
IVV	New	ISHARES S&P 500 INDEXetf	$5,051,000	–	23,997	–	2.69%	–
LMT	New	LOCKHEED MARTIN CORP COMstock	$4,942,000	–	19,912	–	2.64%	–
MCD	New	MCDONALDS CORP COMstock	$4,802,000	–	39,908	–	2.56%	–
T	New	AT&T INC COMstock	$4,632,000	–	107,204	–	2.47%	–
FB	New	FACEBOOK INC CL Astock	$4,451,000	–	38,948	–	2.37%	–
PEP	New	PEPSICO INC COMstock	$4,182,000	–	39,478	–	2.23%	–
IJK	New	ISHARES S&P MIDCAP 400 GROWTH INDEXetf	$3,763,000	–	22,271	–	2.01%	–
AZO	New	AUTOZONE INC COMstock	$3,342,000	–	4,211	–	1.78%	–
SYK	New	STRYKER CORP COMstock	$3,191,000	–	26,629	–	1.70%	–
GIS	New	GENERAL MLS INC COMstock	$2,232,000	–	31,304	–	1.19%	–
DIA	New	SPDR DOW JONES INDUSTRIAL AVERAGE ETFetf	$2,209,000	–	12,345	–	1.18%	–
GOOG	New	ALPHABET INC CAP STK CL Cstock	$2,205,000	–	3,187	–	1.18%	–
LQD	New	ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETFetf	$2,099,000	–	17,111	–	1.12%	–
ABBV	New	ABBVIE INC COMstock	$1,848,000	–	29,853	–	0.99%	–
IJH	New	ISHARES S&P MIDCAP FUNDetf	$1,848,000	–	12,369	–	0.99%	–
AGN	New	ALLERGAN PLC SHSstock	$1,806,000	–	7,818	–	0.96%	–
GE	New	GENERAL ELECTRIC CO COMstock	$1,797,000	–	57,077	–	0.96%	–
VRP	New	POWERSHARES VARIABLE RATE PREFERRED PORTFOLIOetf	$1,700,000	–	68,497	–	0.91%	–
JNJ	New	JOHNSON & JOHNSON COMstock	$1,652,000	–	13,622	–	0.88%	–
FTEC	New	FIDELITY MSCI INFORMATION TECHNOLOGY INDEX ETFetf	$1,631,000	–	50,377	–	0.87%	–
BX	New	BLACKSTONE GROUP L P COM UNIT LTDmlp	$1,526,000	–	62,217	–	0.81%	–
UNH	New	UNITEDHEALTH GROUPstock	$1,485,000	–	10,523	–	0.79%	–
VZ	New	VERIZON COMMUNICATIONSstock	$1,360,000	–	24,352	–	0.72%	–
ED	New	CONSOLIDATED EDISON INC COMstock	$1,329,000	–	16,526	–	0.71%	–
BND	New	VANGUARD TOTAL BOND MARKET ETFetf	$1,284,000	–	15,235	–	0.68%	–
RTN	New	RAYTHEON CO COM NEWstock	$1,094,000	–	8,048	–	0.58%	–
SHY	New	ISHARES 1-3 YEAR TREASURY BOND ETFetf	$1,075,000	–	12,605	–	0.57%	–
JPM	New	JPMORGAN CHASE & CO COMstock	$1,066,000	–	17,162	–	0.57%	–
ITOT	New	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETFetf	$1,065,000	–	11,188	–	0.57%	–
CVX	New	CHEVRON CORP NEW COMstock	$1,008,000	–	9,617	–	0.54%	–
PM	New	PHILIP MORRIS INTL INC COMstock	$1,007,000	–	9,901	–	0.54%	–
PG	New	PROCTER & GAMBLE CO COMstock	$926,000	–	10,936	–	0.49%	–
VOE	New	VANGUARD MID-CAP VALUE INDEX FUNDetf	$916,000	–	10,283	–	0.49%	–
WEN	New	WENDYS CO COMstock	$865,000	–	89,906	–	0.46%	–
BPL	New	BUCKEYE PARTNERS UTS L P UNIT LTD PARTNERSHIP INTmlp	$854,000	–	12,148	–	0.46%	–
MSFT	New	MICROSOFT CORP COMstock	$826,000	–	16,138	–	0.44%	–
AAPL	New	APPLE INCstock	$813,000	–	8,503	–	0.43%	–
IEFA	New	ISHARES CORE MSCI EAFEetf	$786,000	–	15,158	–	0.42%	–
TIP	New	ISHARES TIPS BOND ETFetf	$779,000	–	6,674	–	0.42%	–
BMY	New	BRISTOL MYERS SQUIBB CO COMstock	$674,000	–	9,167	–	0.36%	–
VTI	New	VANGUARD TOTAL STK MKTetf	$641,000	–	5,982	–	0.34%	–
AGG	New	ISHARES AGGREGATE BOND ETFetf	$553,000	–	4,914	–	0.30%	–
JNK	New	SPDR BARCLAYS HIGH YIELD BOND ETFetf	$547,000	–	15,317	–	0.29%	–
UPS	New	UNITED PARCEL SERVICE INCstock	$542,000	–	5,036	–	0.29%	–
UNP	New	UNION PAC CORP COMstock	$526,000	–	6,036	–	0.28%	–
EWW	New	ISHARES MSCI MEXICO CAPPED ETFetf	$493,000	–	9,800	–	0.26%	–
GOOGL	New	ALPHABET INC CAP STK CL Astock	$473,000	–	672	–	0.25%	–
HYG	New	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETFetf	$440,000	–	5,196	–	0.24%	–
WFC	New	WELLS FARGO & COstock	$429,000	–	9,067	–	0.23%	–
INGR	New	INGREDION INC COMstock	$417,000	–	3,225	–	0.22%	–
CI	New	CIGNA CORPORATION COMstock	$396,000	–	3,100	–	0.21%	–
MTB	New	M & T BK CORP COMstock	$390,000	–	3,299	–	0.21%	–
ETB	New	EATON VANCE TAX MNGED BUY WRIT COMcef	$386,000	–	23,730	–	0.21%	–
GSK	New	GLAXOSMITHKLINE PLC SPONSORED ADRadr	$382,000	–	8,807	–	0.20%	–
INTC	New	INTEL CORP COMstock	$379,000	–	11,591	–	0.20%	–
VO	New	VANGUARD MID-CAP INDEX FUNDetf	$375,000	–	3,037	–	0.20%	–
MRK	New	MERCK & CO INC NEW COMstock	$362,000	–	6,285	–	0.19%	–
HCP	New	HCP INC COMreit	$358,000	–	10,130	–	0.19%	–
PFE	New	PFIZER INC COMstock	$357,000	–	10,156	–	0.19%	–
CNCE	New	CONCERT PHARMACEUTICALS INC COMstock	$347,000	–	30,882	–	0.18%	–
SDY	New	SPDR SER TR S&P DIVID ETFetf	$341,000	–	4,073	–	0.18%	–
ABT	New	ABBOTT LABS COMstock	$323,000	–	8,213	–	0.17%	–
UTL	New	UNITIL CORP COMstock	$312,000	–	7,326	–	0.17%	–
DOW	New	DOW CHEM CO COMstock	$310,000	–	6,245	–	0.16%	–
GBAB	New	GUGGENHEIM BLD AMR BDS MANG DR COMcef	$306,000	–	13,073	–	0.16%	–
AWR	New	AMERICAN STS WTR CO COMstock	$306,000	–	7,000	–	0.16%	–
CST	New	CST BRANDS INC COMstock	$303,000	–	7,039	–	0.16%	–
ETP	New	ENERGY TRANSFER PRTNRS L P UNIT LTD PARTNmlp	$295,000	–	7,756	–	0.16%	–
PGX	New	POWERSHARES PREFERRED PORTFOLIOetf	$288,000	–	18,900	–	0.15%	–
IEF	New	ISHARES 7-10 YR TREASURY BOND ETFetf	$281,000	–	2,487	–	0.15%	–
UN	New	UNILEVER N V N Y SHS NEWadr	$280,000	–	5,945	–	0.15%	–
PAYX	New	PAYCHEX INCstock	$274,000	–	4,610	–	0.15%	–
QGEN	New	QIAGEN NV REG SHSstock	$270,000	–	12,407	–	0.14%	–
EWH	New	ISHARES MSCI HONG KONG ETFetf	$267,000	–	13,650	–	0.14%	–
MS	New	MORGAN STANLEY COM NEWstock	$265,000	–	10,198	–	0.14%	–
DIS	New	DISNEY WALT CO COM DISNEYstock	$260,000	–	2,654	–	0.14%	–
KO	New	COCA COLA CO COMstock	$258,000	–	5,685	–	0.14%	–
TU	New	TELUS CORP COMstock	$253,000	–	7,870	–	0.14%	–
MA	New	MASTERCARD INCstock	$249,000	–	2,830	–	0.13%	–
TLT	New	ISHARES 20+ YR TREASURY ETFetf	$245,000	–	1,770	–	0.13%	–
MGEE	New	MGE ENERGY INC COMstock	$237,000	–	4,200	–	0.13%	–
AEP	New	AMERICAN ELECTRIC POWERstock	$229,000	–	3,278	–	0.12%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRANC COMstock	$229,000	–	1,815	–	0.12%	–
UTX	New	UNITED TECHNOLOGIES CORPstock	$225,000	–	2,200	–	0.12%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETFetf	$221,000	–	6,289	–	0.12%	–
IEMG	New	ISHARES CORE MSCI EMERGING MKTSetf	$215,000	–	5,137	–	0.12%	–
HON	New	HONEYWELL INTL INC COMstock	$216,000	–	1,863	–	0.12%	–
GXC	New	SPDR S&P CHINA ETFetf	$216,000	–	3,100	–	0.12%	–
LLY	New	LILLY ELI & COstock	$214,000	–	2,725	–	0.11%	–
CWB	New	SPDR BARCLAYS CONVERTIBLE SECURITIES ETFetf	$214,000	–	4,880	–	0.11%	–
NRK	New	NUVEEN NY AMT FREE MUN INCOME COMcef	$211,000	–	14,791	–	0.11%	–
MSM	New	MSC INDL DIRECT INC CL Astock	$212,000	–	3,000	–	0.11%	–
CAT	New	CATERPILLAR INC DEL COMstock	$206,000	–	2,719	–	0.11%	–
FNFG	New	FIRST NIAGARA FINL GP INC COMstock	$192,000	–	19,778	–	0.10%	–
TRST	New	TRUSTCO BK CORP N Y COMstock	$146,000	–	22,901	–	0.08%	–
MYN	New	BLACKROCK MUNIYIELD NY QLTY FD COMcef	$145,000	–	10,064	–	0.08%	–
MAV	New	PIONEER MUN HIGH INCOME ADV TR COMcef	$141,000	–	10,000	–	0.08%	–
JRS	New	NUVEEN REAL ESTATE INC FDcef	$132,000	–	11,022	–	0.07%	–
BDJ	New	BLACKROCK ENHANCED EQTcef	$85,000	–	10,833	–	0.04%	–

Q4 2015

			Value		Shares		↓ Weighting
DRNE	Exit	DRONE AVIATIONstock	$0	–	-20,000	–	-0.00%	–
MYN	Exit	BLACKROCK MUNIYIELD NY QLTY FD COMcef	$0	–	-10,064	–	-0.08%	–
RIT	Exit	LMP REAL ESTATE INCOME FD INC COMcef	$0	–	-11,487	–	-0.09%	–
TRST	Exit	TRUSTCO BK CORP N Y COMstock	$0	–	-24,240	–	-0.09%	–
MAV	Exit	PIONEER MUN HIGH INCOME ADV TR COMcef	$0	–	-12,091	–	-0.10%	–
NRK	Exit	NUVEEN NY AMT FREE MUN INCOME COMcef	$0	–	-14,791	–	-0.11%	–
AMLP	Exit	ALPS TRUST ETF ALERIAN MLPetf	$0	–	-15,900	–	-0.12%	–
GXC	Exit	SPDR S&P CHINA ETFetf	$0	–	-3,100	–	-0.13%	–
NGG	Exit	NATIONAL GRID PLC SPON ADR NEWadr	$0	–	-3,207	–	-0.14%	–
PAYX	Exit	PAYCHEX INCstock	$0	–	-4,787	–	-0.14%	–
KO	Exit	COCA COLA CO COMstock	$0	–	-5,735	–	-0.14%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS ETFetf	$0	–	-7,194	–	-0.15%	–
CST	Exit	CST BRANDS INC COM*stock	$0	–	-7,039	–	-0.15%	–
UN	Exit	UNILEVER N V N Y SHS NEWadr	$0	–	-5,945	–	-0.15%	–
AEP	Exit	AMERICAN ELEC PWR INC COMstock	$0	–	-4,295	–	-0.15%	–
IEF	Exit	ISHARES 7-10 YR TREASURY BOND ETFetf	$0	–	-2,303	–	-0.15%	–
TU	Exit	TELUS CORP COMstock	$0	–	-7,870	–	-0.15%	–
ETB	Exit	EATON VANCE TAX MNGED BUY WRIT COMcef	$0	–	-16,461	–	-0.15%	–
GOOGL	Exit	GOOGLE INCstock	$0	–	-392	–	-0.15%	–
EWH	Exit	ISHARES INC MSCI HONG KONG INDEX FDetf	$0	–	-13,650	–	-0.16%	–
PGX	Exit	POWERSHARES GLOBAL ETF TRUST AGG PFD PORTetf	$0	–	-17,900	–	-0.16%	–
INTC	Exit	INTEL CORP COMstock	$0	–	-8,700	–	-0.16%	–
CWB	Exit	SPDR BARCLAYS CONVERTIBLE SECURITIES ETFetf	$0	–	-5,880	–	-0.16%	–
DOW	Exit	DOW CHEM CO COMstock	$0	–	-6,345	–	-0.16%	–
UTL	Exit	UNITIL CORPORATIONstock	$0	–	-7,570	–	-0.17%	–
MA	Exit	MASTERCARD INCstock	$0	–	-3,120	–	-0.17%	–
INGR	Exit	INGREDION INC COMstock	$0	–	-3,225	–	-0.17%	–
GBAB	Exit	GUGGENHEIM BLD AMR BDS MANG DR COMcef	$0	–	-13,173	–	-0.17%	–
AWR	Exit	AMERICAN STS WTR CO COMstock	$0	–	-7,000	–	-0.18%	–
GSK	Exit	GLAXOSMITHKLINE PLC SPONSORED ADRadr	$0	–	-7,560	–	-0.18%	–
SDY	Exit	SPDR SER TR S&P DIVID ETFetf	$0	–	-4,073	–	-0.18%	–
MRK	Exit	MERCK & CO INCstock	$0	–	-6,051	–	-0.18%	–
D	Exit	DOMINION RESOURCES INCstock	$0	–	-4,291	–	-0.19%	–
QGEN	Exit	QIAGEN NV REG SHSstock	$0	–	-12,407	–	-0.20%	–
PFE	Exit	PFIZER INC COMstock	$0	–	-10,468	–	-0.20%	–
VRP	Exit	POWERSHARES VARIABLE RATE PREFERRED PORTFOLIOetf	$0	–	-13,600	–	-0.20%	–
DUK	Exit	DUKE ENERGY CORP NEW COM NEWstock	$0	–	-4,801	–	-0.21%	–
XBI	Exit	SPDR BIOTECH ETFetf	$0	–	-5,817	–	-0.22%	–
HYG	Exit	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETFetf	$0	–	-4,443	–	-0.23%	–
HCBK	Exit	HUDSON CITY BANCORP INCstock	$0	–	-36,942	–	-0.23%	–
MS	Exit	MORGAN STANLEYstock	$0	–	-12,126	–	-0.24%	–
AGG	Exit	ISHARES TR CORE US AGGBD ETetf	$0	–	-3,583	–	-0.24%	–
FB	Exit	FACEBOOK INC CL Astock	$0	–	-4,556	–	-0.25%	–
HCP	Exit	HEALTH CARE PPTY INVS INCreit	$0	–	-11,444	–	-0.26%	–
PANW	Exit	PALO ALTO NETWORKS INC COMstock	$0	–	-2,592	–	-0.27%	–
MSFT	Exit	MICROSOFTstock	$0	–	-10,387	–	-0.28%	–
CI	Exit	CIGNA CORPORATION COMstock	$0	–	-3,600	–	-0.30%	–
CNCE	Exit	CONCERT PHARMACEUTICALS INC COMstock	$0	–	-25,980	–	-0.30%	–
UPS	Exit	UNITED PARCEL SERVICE INCstock	$0	–	-4,990	–	-0.30%	–
EWW	Exit	ISHARES INC MSCI MEXICOetf	$0	–	-9,800	–	-0.31%	–
VO	Exit	VANGUARD MID CAPetf	$0	–	-4,537	–	-0.32%	–
UNP	Exit	UNION PAC CORP COMstock	$0	–	-6,035	–	-0.33%	–
GLD	Exit	SPDR GOLD ETFetf	$0	–	-5,055	–	-0.33%	–
FNFG	Exit	FIRST NIAGARA FINL GP INC COMstock	$0	–	-53,078	–	-0.33%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COMstock	$0	–	-9,142	–	-0.33%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPmlp	$0	–	-13,165	–	-0.33%	–
ITOT	Exit	ISHARES TR S&P 1500 INDEX FDetf	$0	–	-6,728	–	-0.36%	–
VTI	Exit	VANGUARD TOTAL STK MKTetf	$0	–	-6,205	–	-0.38%	–
IBM	Exit	INTL BUSINESS MACHINESstock	$0	–	-4,546	–	-0.40%	–
PG	Exit	PROCTER & GAMBLE CO COMstock	$0	–	-9,311	–	-0.41%	–
BPL	Exit	BUCKEYE PARTNERS L P UNIT LTD PARTNmlp	$0	–	-11,921	–	-0.44%	–
CVX	Exit	CHEVRON CORP NEW COMstock	$0	–	-9,164	–	-0.44%	–
JPM	Exit	JPMORGAN CHASE & CO COMstock	$0	–	-12,292	–	-0.46%	–
VOE	Exit	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS ETFetf	$0	–	-9,023	–	-0.46%	–
PM	Exit	PHILIP MORRIS INTL INCstock	$0	–	-9,962	–	-0.49%	–
AAPL	Exit	APPLE INCstock	$0	–	-7,450	–	-0.50%	–
TIP	Exit	ISHARES TR TIPS BD ETFetf	$0	–	-7,451	–	-0.51%	–
WEN	Exit	WENDYS CO COMstock	$0	–	-109,796	–	-0.58%	–
GE	Exit	GENERAL ELECTRIC CO COMstock	$0	–	-38,240	–	-0.59%	–
SHY	Exit	ISHARES 1-3 YR TREASURY BOND ETFetf	$0	–	-11,981	–	-0.63%	–
VZ	Exit	VERIZON COMMUNICATIONSstock	$0	–	-23,775	–	-0.64%	–
UNH	Exit	UNITEDHEALTH GROUPstock	$0	–	-9,476	–	-0.68%	–
JNK	Exit	SPDR SERIES TRUST BRC HGH YLD BDetf	$0	–	-33,239	–	-0.73%	–
T	Exit	AT&T INC COMstock	$0	–	-37,088	–	-0.74%	–
JNJ	Exit	JOHNSON & JOHNSON COMstock	$0	–	-13,044	–	-0.75%	–
IJH	Exit	ISHARES CORE S&P MID CAP ETFetf	$0	–	-9,158	–	-0.77%	–
BND	Exit	VANGUARD BD INDEX FD INC TOTAL BND MRKTetf	$0	–	-15,529	–	-0.78%	–
XOM	Exit	EXXON MOBIL CORP COMstock	$0	–	-17,444	–	-0.80%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTD ADRadr	$0	–	-24,532	–	-0.85%	–
ED	Exit	CONSOLIDATED EDISON INC COMstock	$0	–	-20,910	–	-0.86%	–
ABT	Exit	ABBOTT LABS COMstock	$0	–	-41,959	–	-1.04%	–
BX	Exit	BLACKSTONE GROUP LPmlp	$0	–	-55,797	–	-1.06%	–
GIS	Exit	GENERAL MLS INC COMstock	$0	–	-31,149	–	-1.08%	–
LQD	Exit	ISHARES TR IBOXX INV CP ETFetf	$0	–	-16,307	–	-1.16%	–
DIA	Exit	SPDR DOW JONES INDUSTRIAL ETFetf	$0	–	-12,685	–	-1.27%	–
ABBV	Exit	ABBVIE INC COMstock	$0	–	-38,136	–	-1.28%	–
AGN	Exit	ALLERGAN PLCstock	$0	–	-7,695	–	-1.29%	–
IEFA	Exit	ISHARES CORE MSCI EAFEetf	$0	–	-40,843	–	-1.33%	–
SYK	Exit	STRYKER CORPstock	$0	–	-27,457	–	-1.59%	–
MVV	Exit	PROSHARES TR ULTRAetf	$0	–	-43,378	–	-1.73%	–
AZO	Exit	AUTOZONE INC COMstock	$0	–	-4,306	–	-1.92%	–
LMT	Exit	LOCKHEED MARTIN CORPstock	$0	–	-15,125	–	-1.93%	–
DIS	Exit	DISNEY WALT CO COM DISNEYstock	$0	–	-30,818	–	-1.94%	–
IVV	Exit	ISHARES S&P 500 INDEXetf	$0	–	-17,880	–	-2.12%	–
PEP	Exit	PEPSICO INC COMstock	$0	–	-36,721	–	-2.13%	–
IJK	Exit	ISHARES S&P MIDCAP 400 GROWTH INDEXetf	$0	–	-22,387	–	-2.16%	–
KYN	Exit	KAYNE ANDERSON MLP INVT COcef	$0	–	-169,085	–	-2.41%	–
MCD	Exit	MCDONALDS CORP COMstock	$0	–	-40,121	–	-2.43%	–
MO	Exit	ALTRIA GROUP INC COMstock	$0	–	-74,286	–	-2.48%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGY ETFetf	$0	–	-19,301	–	-3.60%	–
IJJ	Exit	ISHARES S&P MIDCAP 400 VALUE ETFetf	$0	–	-51,894	–	-3.68%	–
IJR	Exit	ISHARES S&P SMALLCAP 600 ETFetf	$0	–	-60,104	–	-3.94%	–
V	Exit	VISA INCstock	$0	–	-112,326	–	-4.81%	–
QQQ	Exit	POWERSHARES QQQ TRetf	$0	–	-94,903	–	-5.94%	–
MDY	Exit	S & P MID CAP 400 DEP RCPTS MID CAPetf	$0	–	-59,772	–	-9.15%	–
SPY	Exit	SPDR S&P 500 ETFetf	$0	–	-96,081	–	-11.32%	–

Q3 2015

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETFetf	$18,412,000	-7.7%	96,081	-0.9%	11.32%	+3.7%
MDY	Sell	S & P MID CAP 400 DEP RCPTS MID CAPetf	$14,877,000	-9.5%	59,772	-0.7%	9.15%	+1.7%
QQQ	Sell	POWERSHARES QQQ TRetf	$9,657,000	-5.4%	94,903	-0.4%	5.94%	+6.3%
V	Buy	VISA INCstock	$7,825,000	+5.1%	112,326	+1.4%	4.81%	+18.2%
IJR	Sell	ISHARES S&P SMALLCAP 600 ETFetf	$6,405,000	-9.8%	60,104	-0.2%	3.94%	+1.4%
IJJ	Buy	ISHARES S&P MIDCAP 400 VALUE ETFetf	$5,986,000	-9.5%	51,894	+1.2%	3.68%	+1.8%
IBB	Sell	ISHARES NASDAQ BIOTECHNOLOGY ETFetf	$5,855,000	-19.5%	19,301	-2.1%	3.60%	-9.5%
MO	Buy	ALTRIA GROUP INC COMstock	$4,041,000	+16.6%	74,286	+4.8%	2.48%	+31.1%
MCD	Buy	MCDONALDS CORP COMstock	$3,953,000	+4.3%	40,121	+0.7%	2.43%	+17.3%
KYN	Sell	KAYNE ANDERSON MLP INVT COcef	$3,919,000	-25.2%	169,085	-0.9%	2.41%	-15.9%
IJK	Buy	ISHARES S&P MIDCAP 400 GROWTH INDEXetf	$3,517,000	+84.4%	22,387	+99.0%	2.16%	+107.3%
PEP	Buy	PEPSICO INC COMstock	$3,463,000	+1.6%	36,721	+0.6%	2.13%	+14.2%
IVV	Buy	ISHARES S&P 500 INDEXetf	$3,446,000	+122.0%	17,880	+138.7%	2.12%	+149.6%
DIS	Sell	DISNEY WALT CO COM DISNEYstock	$3,150,000	-11.2%	30,818	-0.9%	1.94%	-0.2%
LMT	Buy	LOCKHEED MARTIN CORPstock	$3,136,000	+29.6%	15,125	+16.2%	1.93%	+45.6%
AZO	Sell	AUTOZONE INC COMstock	$3,116,000	+6.6%	4,306	-1.8%	1.92%	+19.8%
MVV	Sell	PROSHARES TR ULTRAetf	$2,821,000	-27.2%	43,378	-11.7%	1.73%	-18.2%
SYK	Buy	STRYKER CORPstock	$2,584,000	+1.9%	27,457	+3.4%	1.59%	+14.5%
IEFA	Sell	ISHARES CORE MSCI EAFEetf	$2,157,000	-35.0%	40,843	-28.2%	1.33%	-26.9%
AGN	Buy	ALLERGAN PLCstock	$2,092,000	-6.1%	7,695	+4.8%	1.29%	+5.5%
ABBV	Sell	ABBVIE INC COMstock	$2,075,000	-49.0%	38,136	-37.0%	1.28%	-42.7%
DIA	Sell	SPDR DOW JONES INDUSTRIAL ETFetf	$2,063,000	-11.3%	12,685	-4.1%	1.27%	-0.3%
LQD	Buy	ISHARES TR IBOXX INV CP ETFetf	$1,893,000	+7.3%	16,307	+7.0%	1.16%	+20.6%
GIS	Buy	GENERAL MLS INC COMstock	$1,748,000	+0.9%	31,149	+0.2%	1.08%	+13.5%
BX	Buy	BLACKSTONE GROUP LPmlp	$1,733,000	-23.7%	55,797	+0.5%	1.06%	-14.3%
ABT	Buy	ABBOTT LABS COMstock	$1,687,000	-15.1%	41,959	+3.6%	1.04%	-4.6%
ED	Sell	CONSOLIDATED EDISON INC COMstock	$1,398,000	+15.0%	20,910	-0.5%	0.86%	+29.2%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTD ADRadr	$1,385,000	-1.0%	24,532	+3.6%	0.85%	+11.2%
XOM	Buy	EXXON MOBIL CORP COMstock	$1,297,000	-10.6%	17,444	+0.1%	0.80%	+0.5%
BND	Sell	VANGUARD BD INDEX FD INC TOTAL BND MRKTetf	$1,272,000	+0.6%	15,529	-0.2%	0.78%	+13.2%
IJH	Buy	ISHARES CORE S&P MID CAP ETFetf	$1,251,000	+74.2%	9,158	+91.3%	0.77%	+95.7%
JNJ	Sell	JOHNSON & JOHNSON COMstock	$1,218,000	-7.1%	13,044	-3.0%	0.75%	+4.5%
T	Buy	AT&T INC COMstock	$1,208,000	-5.4%	37,088	+3.2%	0.74%	+6.4%
JNK	Sell	SPDR SERIES TRUST BRC HGH YLD BDetf	$1,185,000	-11.0%	33,239	-4.1%	0.73%	0.0%
UNH	Sell	UNITEDHEALTH GROUPstock	$1,099,000	-9.2%	9,476	-4.4%	0.68%	+2.1%
VZ	Sell	VERIZON COMMUNICATIONSstock	$1,034,000	-7.8%	23,775	-1.2%	0.64%	+3.8%
SHY	Buy	ISHARES 1-3 YR TREASURY BOND ETFetf	$1,018,000	+5.3%	11,981	+5.0%	0.63%	+18.3%
GE	Buy	GENERAL ELECTRIC CO COMstock	$964,000	+1.4%	38,240	+6.8%	0.59%	+14.0%
WEN	Sell	WENDYS CO COMstock	$949,000	-25.5%	109,796	-2.7%	0.58%	-16.2%
TIP	Sell	ISHARES TR TIPS BD ETFetf	$825,000	-2.4%	7,451	-1.2%	0.51%	+9.7%
AAPL	Buy	APPLE INCstock	$822,000	-9.3%	7,450	+3.2%	0.50%	+1.8%
PM	Buy	PHILIP MORRIS INTL INCstock	$790,000	+0.9%	9,962	+2.0%	0.49%	+13.6%
VOE	Sell	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS ETFetf	$751,000	-9.1%	9,023	-1.1%	0.46%	+2.2%
JPM	Buy	JPMORGAN CHASE & CO COMstock	$749,000	+82.7%	12,292	+103.3%	0.46%	+105.4%
CVX	Sell	CHEVRON CORP NEW COMstock	$723,000	-23.9%	9,164	-7.0%	0.44%	-14.6%
BPL	Sell	BUCKEYE PARTNERS L P UNIT LTD PARTNmlp	$707,000	-22.0%	11,921	-2.7%	0.44%	-12.3%
PG	Sell	PROCTER & GAMBLE CO COMstock	$670,000	-10.9%	9,311	-3.1%	0.41%	+0.2%
IBM	Buy	INTL BUSINESS MACHINESstock	$659,000	-8.7%	4,546	+2.3%	0.40%	+2.5%
ITOT	New	ISHARES TR S&P 1500 INDEX FDetf	$589,000	–	6,728	–	0.36%	–
ETP	Sell	ENERGY TRANSFER PARTNERS LPmlp	$541,000	-28.0%	13,165	-8.5%	0.33%	-19.0%
FNFG	Sell	FIRST NIAGARA FINL GP INC COMstock	$542,000	+6.1%	53,078	-2.0%	0.33%	+18.9%
BMY	Buy	BRISTOL MYERS SQUIBB CO COMstock	$541,000	-10.9%	9,142	+0.3%	0.33%	+0.3%
GLD	Sell	SPDR GOLD ETFetf	$540,000	-7.4%	5,055	-2.6%	0.33%	+4.1%
UNP	Sell	UNION PAC CORP COMstock	$534,000	-88.9%	6,035	-88.0%	0.33%	-87.5%
EWW	New	ISHARES INC MSCI MEXICOetf	$505,000	–	9,800	–	0.31%	–
UPS	Sell	UNITED PARCEL SERVICE INCstock	$492,000	-1.2%	4,990	-2.9%	0.30%	+11.0%
CNCE	New	CONCERT PHARMACEUTICALS INC COMstock	$488,000	–	25,980	–	0.30%	–
MSFT	Buy	MICROSOFTstock	$460,000	+0.4%	10,387	+0.1%	0.28%	+12.7%
PANW	Sell	PALO ALTO NETWORKS INC COMstock	$446,000	-18.5%	2,592	-17.2%	0.27%	-8.4%
HCP	Sell	HEALTH CARE PPTY INVS INCreit	$426,000	-8.4%	11,444	-10.3%	0.26%	+3.1%
FB	Buy	FACEBOOK INC CL Astock	$410,000	+11.4%	4,556	+6.2%	0.25%	+25.4%
AGG	Buy	ISHARES TR CORE US AGGBD ETetf	$393,000	+54.1%	3,583	+52.9%	0.24%	+74.1%
MS	Buy	MORGAN STANLEYstock	$382,000	-18.4%	12,126	+0.5%	0.24%	-8.2%
HCBK	Buy	HUDSON CITY BANCORP INCstock	$376,000	+53.5%	36,942	+49.2%	0.23%	+72.4%
HYG	Sell	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETFetf	$370,000	-8.6%	4,443	-2.6%	0.23%	+2.3%
XBI	Buy	SPDR BIOTECH ETFetf	$362,000	-26.0%	5,817	+200.0%	0.22%	-16.5%
DUK	Buy	DUKE ENERGY CORP NEW COM NEWstock	$345,000	+2.7%	4,801	+0.9%	0.21%	+15.2%
VRP	New	POWERSHARES VARIABLE RATE PREFERRED PORTFOLIOetf	$330,000	–	13,600	–	0.20%	–
PFE	Buy	PFIZER INC COMstock	$329,000	-4.9%	10,468	+1.3%	0.20%	+6.9%
D	Sell	DOMINION RESOURCES INCstock	$302,000	-4.7%	4,291	-9.5%	0.19%	+7.5%
MRK	Buy	MERCK & CO INCstock	$299,000	-12.8%	6,051	+0.4%	0.18%	-2.1%
GSK	Sell	GLAXOSMITHKLINE PLC SPONSORED ADRadr	$291,000	-11.6%	7,560	-4.2%	0.18%	-0.6%
MA	Sell	MASTERCARD INCstock	$281,000	-6.6%	3,120	-3.1%	0.17%	+4.8%
GBAB	Buy	GUGGENHEIM BLD AMR BDS MANG DR COMcef	$282,000	+4.4%	13,173	+0.2%	0.17%	+16.9%
DOW	Buy	DOW CHEM CO COMstock	$269,000	-15.9%	6,345	+1.4%	0.16%	-5.7%
INTC	Sell	INTEL CORP COMstock	$262,000	-1.1%	8,700	-0.1%	0.16%	+11.0%
GOOGL	Buy	GOOGLE INCstock	$250,000	+19.6%	392	+1.3%	0.15%	+35.1%
ETB	Buy	EATON VANCE TAX MNGED BUY WRIT COMcef	$251,000	+6.8%	16,461	+8.6%	0.15%	+19.4%
IEF	Buy	ISHARES 7-10 YR TREASURY BOND ETFetf	$248,000	+3.3%	2,303	+0.6%	0.15%	+16.0%
VWO	Sell	VANGUARD FTSE EMERGING MARKETS ETFetf	$238,000	-89.7%	7,194	-87.3%	0.15%	-88.4%
KO	Buy	COCA COLA CO COMstock	$230,000	+3.6%	5,735	+1.2%	0.14%	+16.5%
NGG	Buy	NATIONAL GRID PLC SPON ADR NEWadr	$223,000	+7.7%	3,207	+0.2%	0.14%	+21.2%
AMLP	Buy	ALPS TRUST ETF ALERIAN MLPetf	$198,000	0.0%	15,900	+25.2%	0.12%	+13.0%
MAV	New	PIONEER MUN HIGH INCOME ADV TR COMcef	$155,000	–	12,091	–	0.10%	–
TRST	Sell	TRUSTCO BK CORP N Y COMstock	$142,000	-17.0%	24,240	-0.2%	0.09%	-7.4%
RIT	Sell	LMP REAL ESTATE INCOME FD INC COMcef	$141,000	+2.2%	11,487	-2.9%	0.09%	+16.0%
DRNE	New	DRONE AVIATIONstock	$3,000	–	20,000	–	0.00%	–
BDJ	Exit	BLACKROCK ENHANCED EQ DVD ETFetf	$0	–	-10,833	–	-0.05%	–
JRS	Exit	NUVEEN REAL ESTATE INCOME FD COMcef	$0	–	-10,872	–	-0.06%	–
NHF	Exit	NEXPOINT CR STRATEGIES FD COMcef	$0	–	-16,750	–	-0.07%	–
SO	Exit	SOUTHERN CO COMstock	$0	–	-4,200	–	-0.10%	–
MYD	Exit	BLACKROCK MUNIYIELD FD INC COMcef	$0	–	-13,000	–	-0.10%	–
COP	Exit	CONOCOPHILLIPS COMstock	$0	–	-3,316	–	-0.11%	–
	Exit	ISHARES 20+ YR TREASURY BND ETFetf	$0	–	-1,745	–	-0.11%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COMstock	$0	–	-1,885	–	-0.11%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETS ETFetf	$0	–	-5,260	–	-0.11%	–
GLP	Exit	GLOBAL PARTNERS LP COM UNITSmlp	$0	–	-6,625	–	-0.12%	–
CAT	Exit	CATERPILLAR INC DEL COMstock	$0	–	-2,596	–	-0.12%	–
FXI	Exit	ISHARES CHINAetf	$0	–	-5,085	–	-0.13%	–
CYD	Exit	CHINA YUCHAI INTL LTD COMstock	$0	–	-14,350	–	-0.13%	–
DD	Exit	DU PONT E I DE NEMOURS & CO COMstock	$0	–	-4,122	–	-0.14%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MKTSetf	$0	–	-6,528	–	-0.17%	–
NGLS	Exit	TARGA RESOURCES PARTNERS LP COM UNITmlp	$0	–	-8,736	–	-0.18%	–
L	Exit	LOEWS CORP COMstock	$0	–	-12,019	–	-0.25%	–
EFA	Exit	ISHARES MSCI EAFE ETFetf	$0	–	-8,835	–	-0.31%	–
ADS	Exit	ALLIANCE DATA SYSTEMSstock	$0	–	-8,287	–	-1.32%	–

Q2 2015

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETFetf	$19,951,000	–	96,921	–	10.91%	–
MDY	New	S & P MID CAP 400 DEP RCPTS MID CAPetf	$16,443,000	–	60,187	–	8.99%	–
QQQ	New	POWERSHARES QQQ TRetf	$10,207,000	–	95,327	–	5.58%	–
V	New	VISA INCstock	$7,442,000	–	110,829	–	4.07%	–
IBB	New	ISHARES NASDAQ BIOTECHNOLOGY ETFetf	$7,271,000	–	19,707	–	3.98%	–
IJR	New	ISHARES CORE S&P SMALLCAP ETFetf	$7,097,000	–	60,210	–	3.88%	–
IJJ	New	ISHARES S&P MIDCAP 400 VALUE ETFetf	$6,611,000	–	51,266	–	3.62%	–
KYN	New	KAYNE ANDERSON MLP INVT COcef	$5,236,000	–	170,620	–	2.86%	–
UNP	New	UNION PAC CORP COMstock	$4,790,000	–	50,228	–	2.62%	–
ABBV	New	ABBVIE INC COMstock	$4,067,000	–	60,544	–	2.22%	–
MVV	New	PROSHARES TR ULTRAetf	$3,874,000	–	49,146	–	2.12%	–
MCD	New	MCDONALDS CORP COMstock	$3,789,000	–	39,857	–	2.07%	–
DIS	New	DISNEY WALT CO COM DISNEYstock	$3,549,000	–	31,092	–	1.94%	–
MO	New	ALTRIA GROUP INC COMstock	$3,465,000	–	70,852	–	1.90%	–
PEP	New	PEPSICO INC COMstock	$3,408,000	–	36,513	–	1.86%	–
IEFA	New	ISHARES CORE MSCI EAFEetf	$3,316,000	–	56,878	–	1.81%	–
AZO	New	AUTOZONE INC COMstock	$2,924,000	–	4,385	–	1.60%	–
SYK	New	STRYKER CORPstock	$2,537,000	–	26,549	–	1.39%	–
LMT	New	LOCKHEED MARTIN CORPstock	$2,420,000	–	13,016	–	1.32%	–
ADS	New	ALLIANCE DATA SYSTEMSstock	$2,413,000	–	8,287	–	1.32%	–
DIA	New	SPDR DOW JONES INDUSTRIAL ETFetf	$2,325,000	–	13,223	–	1.27%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETFetf	$2,310,000	–	56,506	–	1.26%	–
BX	New	BLACKSTONE GROUP LPmlp	$2,270,000	–	55,538	–	1.24%	–
AGN	New	ALLERGAN INCstock	$2,228,000	–	7,343	–	1.22%	–
ABT	New	ABBOTT LABS COMstock	$1,988,000	–	40,509	–	1.09%	–
IJK	New	ISHARES S&P MIDCAP 400 GROWTH INDEXetf	$1,907,000	–	11,249	–	1.04%	–
LQD	New	ISHARES IBOXX CORPORATE BOND ETFetf	$1,765,000	–	15,236	–	0.96%	–
GIS	New	GENERAL MLS INC COMstock	$1,732,000	–	31,080	–	0.95%	–
IVV	New	ISHARES S&P 500 INDEXetf	$1,552,000	–	7,490	–	0.85%	–
XOM	New	EXXON MOBIL CORP COMstock	$1,450,000	–	17,432	–	0.79%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTD ADRadr	$1,399,000	–	23,673	–	0.76%	–
JNK	New	SPDR HIGH YIELD BOND ETFetf	$1,332,000	–	34,656	–	0.73%	–
JNJ	New	JOHNSON & JOHNSON COMstock	$1,311,000	–	13,448	–	0.72%	–
T	New	AT&T INC COMstock	$1,277,000	–	35,954	–	0.70%	–
WEN	New	WENDYS COMPANY (THE)stock	$1,273,000	–	112,838	–	0.70%	–
BND	New	VANGUARD TOTAL BOND MARKET ETFetf	$1,264,000	–	15,558	–	0.69%	–
ED	New	CONSOLIDATED EDISON INC COMstock	$1,216,000	–	21,007	–	0.66%	–
UNH	New	UNITEDHEALTH GROUPstock	$1,210,000	–	9,917	–	0.66%	–
VZ	New	VERIZON COMMUNICATIONSstock	$1,121,000	–	24,052	–	0.61%	–
SHY	New	ISHARES 1-3 YR TREASURY BOND ETFetf	$967,000	–	11,407	–	0.53%	–
GE	New	GENERAL ELECTRIC CO COMstock	$951,000	–	35,814	–	0.52%	–
CVX	New	CHEVRON CORP NEW COMstock	$950,000	–	9,850	–	0.52%	–
BPL	New	BUCKEYE PARTNERS L P UNIT LTD PARTNmlp	$906,000	–	12,258	–	0.50%	–
AAPL	New	APPLE INCstock	$906,000	–	7,222	–	0.50%	–
TIP	New	ISHARES TIPS BOND ETFetf	$845,000	–	7,541	–	0.46%	–
VOE	New	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS ETFetf	$826,000	–	9,120	–	0.45%	–
PM	New	PHILIP MORRIS INTL INCstock	$783,000	–	9,764	–	0.43%	–
ETP	New	ENERGY TRANSFER PARTNERS LPmlp	$751,000	–	14,395	–	0.41%	–
PG	New	PROCTER & GAMBLE CO COMstock	$752,000	–	9,611	–	0.41%	–
IBM	New	INTL BUSINESS MACHINESstock	$722,000	–	4,444	–	0.40%	–
IJH	New	ISHARES CORE S&P MID CAP ETFetf	$718,000	–	4,786	–	0.39%	–
VTI	New	VANGUARD TOTAL STK MKTetf	$664,000	–	6,205	–	0.36%	–
BMY	New	BRISTOL MYERS SQUIBB CO COMstock	$607,000	–	9,117	–	0.33%	–
GLD	New	SPDR GOLD ETFetf	$583,000	–	5,191	–	0.32%	–
CI	New	CIGNA CORPORATION COMstock	$583,000	–	3,600	–	0.32%	–
VO	New	VANGUARD MID CAPetf	$578,000	–	4,537	–	0.32%	–
EFA	New	ISHARES MSCI EAFE ETFetf	$561,000	–	8,835	–	0.31%	–
PANW	New	PALO ALTO NETWORKS INC COMstock	$547,000	–	3,131	–	0.30%	–
FNFG	New	FIRST NIAGARA FINL GP INC COMstock	$511,000	–	54,178	–	0.28%	–
UPS	New	UNITED PARCEL SERVICE INCstock	$498,000	–	5,140	–	0.27%	–
XBI	New	SPDR BIOTECH ETFetf	$489,000	–	1,939	–	0.27%	–
MS	New	MORGAN STANLEYstock	$468,000	–	12,070	–	0.26%	–
HCP	New	HEALTH CARE PPTY INVS INCreit	$465,000	–	12,762	–	0.25%	–
L	New	LOEWS CORP COMstock	$463,000	–	12,019	–	0.25%	–
MSFT	New	MICROSOFTstock	$458,000	–	10,375	–	0.25%	–
JPM	New	JPMORGAN CHASE & CO COMstock	$410,000	–	6,045	–	0.22%	–
HYG	New	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETFetf	$405,000	–	4,560	–	0.22%	–
FB	New	FACEBOOK INC CL Astock	$368,000	–	4,291	–	0.20%	–
PFE	New	PFIZER INC COMstock	$346,000	–	10,333	–	0.19%	–
MRK	New	MERCK & CO INCstock	$343,000	–	6,026	–	0.19%	–
NGLS	New	TARGA RESOURCES PARTNERS LP COM UNITmlp	$337,000	–	8,736	–	0.18%	–
DUK	New	DUKE ENERGY CORP NEW COM NEWstock	$336,000	–	4,760	–	0.18%	–
GSK	New	GLAXOSMITHKLINE PLC SPONSORED ADRadr	$329,000	–	7,890	–	0.18%	–
DOW	New	DOW CHEM CO COMstock	$320,000	–	6,255	–	0.18%	–
D	New	DOMINION RESOURCES INCstock	$317,000	–	4,741	–	0.17%	–
IEMG	New	ISHARES CORE MSCI EMERGING MKTSetf	$314,000	–	6,528	–	0.17%	–
SDY	New	SPDR SER TR S&P DIVID ETFetf	$310,000	–	4,073	–	0.17%	–
QGEN	New	QIAGEN NV REG SHSstock	$308,000	–	12,407	–	0.17%	–
EWH	New	ISHARES INC MSCI HONG KONG INDEX FDetf	$308,000	–	13,650	–	0.17%	–
MA	New	MASTERCARD INCstock	$301,000	–	3,220	–	0.16%	–
CWB	New	SPDR BARCLAYS CONVERTIBLE SECURITIES ETFetf	$280,000	–	5,880	–	0.15%	–
GXC	New	SPDR S&P CHINA ETFetf	$276,000	–	3,100	–	0.15%	–
CST	New	CST BRANDS INC COM*stock	$275,000	–	7,039	–	0.15%	–
GBAB	New	GUGGENHEIM BLD AMR BDS MANG DR COMcef	$270,000	–	13,150	–	0.15%	–
TU	New	TELUS CORP COMstock	$271,000	–	7,870	–	0.15%	–
INTC	New	INTEL CORP COMstock	$265,000	–	8,711	–	0.14%	–
DD	New	DU PONT E I DE NEMOURS & CO COMstock	$264,000	–	4,122	–	0.14%	–
AWR	New	AMERICAN STS WTR CO COMstock	$262,000	–	7,000	–	0.14%	–
PGX	New	POWERSHARES PREFERRED PORTFOLIOetf	$260,000	–	17,900	–	0.14%	–
INGR	New	INGREDION INC COMstock	$257,000	–	3,225	–	0.14%	–
AGG	New	ISHARES AGGREGATE BOND ETFetf	$255,000	–	2,344	–	0.14%	–
UTL	New	UNITIL CORPORATIONstock	$250,000	–	7,570	–	0.14%	–
UN	New	UNILEVER N V N Y SHS NEWadr	$249,000	–	5,945	–	0.14%	–
HCBK	New	HUDSON CITY BANCORP INCstock	$245,000	–	24,760	–	0.13%	–
IEF	New	ISHARES 7-10 YR TREASURY BOND ETFetf	$240,000	–	2,290	–	0.13%	–
CYD	New	CHINA YUCHAI INTL LTD COMstock	$240,000	–	14,350	–	0.13%	–
ETB	New	EATON VANCE TAX MNGED BUY WRIT COMcef	$235,000	–	15,161	–	0.13%	–
FXI	New	ISHARES CHINAetf	$234,000	–	5,085	–	0.13%	–
AEP	New	AMERICAN ELEC PWR INC COMstock	$228,000	–	4,295	–	0.12%	–
PAYX	New	PAYCHEX INCstock	$224,000	–	4,787	–	0.12%	–
KO	New	COCA COLA CO COMstock	$222,000	–	5,669	–	0.12%	–
CAT	New	CATERPILLAR INC DEL COMstock	$220,000	–	2,596	–	0.12%	–
GLP	New	GLOBAL PARTNERS LP COM UNITSmlp	$215,000	–	6,625	–	0.12%	–
GOOGL	New	GOOGLE INCstock	$209,000	–	387	–	0.11%	–
UTX	New	UNITED TECHNOLOGIES CORP COMstock	$209,000	–	1,885	–	0.11%	–
EEM	New	ISHARES MSCI EMERGING MARKETS ETFetf	$208,000	–	5,260	–	0.11%	–
NGG	New	NATIONAL GRID PLC SPON ADR NEWadr	$207,000	–	3,200	–	0.11%	–
	New	ISHARES 20+ YR TREASURY BND ETFetf	$205,000	–	1,745	–	0.11%	–
COP	New	CONOCOPHILLIPS COMstock	$204,000	–	3,316	–	0.11%	–
AMLP	New	ALPS TRUST ETF ALERIAN MLPetf	$198,000	–	12,700	–	0.11%	–
NRK	New	NUVEEN NY AMT FREE MUN INCOME COMcef	$186,000	–	14,791	–	0.10%	–
MYD	New	BLACKROCK MUNIYIELD FD INC COMcef	$180,000	–	13,000	–	0.10%	–
SO	New	SOUTHERN CO COMstock	$176,000	–	4,200	–	0.10%	–
TRST	New	TRUSTCO BK CORP N Y COMstock	$171,000	–	24,289	–	0.09%	–
RIT	New	LMP REAL ESTATE INCOME FD INC COMcef	$138,000	–	11,831	–	0.08%	–
MYN	New	BLACKROCK MUNIYIELD NY QLTY FD COMcef	$131,000	–	10,064	–	0.07%	–
NHF	New	NEXPOINT CR STRATEGIES FD COMcef	$123,000	–	16,750	–	0.07%	–
JRS	New	NUVEEN REAL ESTATE INCOME FD COMcef	$111,000	–	10,872	–	0.06%	–
BDJ	New	BLACKROCK ENHANCED EQ DVD ETFetf	$86,000	–	10,833	–	0.05%	–

Q4 2014

			Value		Shares		↓ Weighting
PAYX	Exit	PAYCHEX INC	$0	–	-4,787	–	-0.13%	–
AWR	Exit	AMERICAN STATES WATER CO	$0	–	-7,000	–	-0.13%	–
FTI	Exit	FMC TECHNOLOGIES INC	$0	–	-4,074	–	-0.14%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-4,437	–	-0.14%	–
NGG	Exit	NATIONAL GRID NEW ADR EACH REPR 5 ORD GBP0.11395	$0	–	-3,253	–	-0.15%	–
UN	Exit	UNILEVER NV EUR0.16(NEW YORK SHARES)	$0	–	-5,900	–	-0.15%	–
CI	Exit	CIGNA CORP	$0	–	-2,613	–	-0.15%	–
CST	Exit	CST BRANDS INC COM	$0	–	-6,595	–	-0.15%	–
KO	Exit	COCA COLA CO	$0	–	-5,588	–	-0.15%	–
GXC	Exit	SPDR INDEX SHS FDS S&P CHINA ETF	$0	–	-3,100	–	-0.15%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETS ETF	$0	–	-5,812	–	-0.15%	–
INGR	Exit	INGREDION INC COM USD0.01	$0	–	-3,225	–	-0.15%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,205	–	-0.15%	–
MA	Exit	MASTERCARD INC CL A	$0	–	-3,320	–	-0.15%	–
CWB	Exit	SPDR SER TR BARCLAYS CONV SECS ETF	$0	–	-4,980	–	-0.16%	–
VBR	Exit	VANGUARD INDEX FDS VANGUARD SMALL CAP VALUE VIPERS FORMERLY VANGUARD INDEX TR	$0	–	-2,511	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-7,269	–	-0.16%	–
PGX	Exit	POWERSHARES EXCH TRADED FD TR II PREFERRED PORTFOLIO ISIN #US73936T5653 SEDOL #B676G93	$0	–	-17,900	–	-0.16%	–
GBAB	Exit	GUGGENHEIM BUILD AMER BDS MANAGED DURATION TR COM	$0	–	-12,156	–	-0.16%	–
	Exit	ISHARES S&P 500 VALUE ETF	$0	–	-2,935	–	-0.16%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGY ETF	$0	–	-1,000	–	-0.17%	–
EWH	Exit	ISHARES MSCI HONG KONG ETF	$0	–	-13,850	–	-0.18%	–
QGEN	Exit	QIAGEN NV COM EUR0.01	$0	–	-12,407	–	-0.18%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,901	–	-0.18%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-4,052	–	-0.18%	–
HCBK	Exit	HUDSON CITY BANCORP INC	$0	–	-30,416	–	-0.18%	–
D	Exit	DOMINION RESOURCES INC VA NEW	$0	–	-4,291	–	-0.19%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDS INTERMEDIATE TERM CORPORATE BOND INDEX	$0	–	-3,500	–	-0.19%	–
VB	Exit	VANGUARD INDEX FDS VANGUARD SMALL CAP VIPERS FORMERLY VANGUARD INDEX TR	$0	–	-2,717	–	-0.19%	–
SDRL	Exit	SEADRILL LTD USD2	$0	–	-11,253	–	-0.19%	–
VUG	Exit	VANGUARD INDEX FDS VANGUARD GROWTH VIPERS FORMERLY VANGUARD INDEX TR	$0	–	-3,138	–	-0.20%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-3,035	–	-0.20%	–
DIA	Exit	SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1	$0	–	-1,920	–	-0.20%	–
DUK	Exit	DUKE ENERGY CORP COM USD0.001 ISIN #US26441C2044 SEDOL #B7JZSK0	$0	–	-4,826	–	-0.23%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-6,150	–	-0.23%	–
HYG	Exit	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF ISIN #US4642885135 SEDOL #B1VZ486	$0	–	-4,152	–	-0.24%	–
MRK	Exit	MERCK & CO INC NEW COM	$0	–	-6,582	–	-0.24%	–
BSV	Exit	VANGUARD BD INDEX FD INC SHORT TERM BD ETF	$0	–	-5,445	–	-0.27%	–
FNFG	Exit	FIRST NIAGARA FINL GROUP INC NEW	$0	–	-54,873	–	-0.29%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-9,012	–	-0.29%	–
WFCPRQ	Exit	WELLS FARGO & CO NEW DEP SHS REPSTG 1/1000TH INT PERP PFD CL A SER Q FXD TO FLTG	$0	–	-18,609	–	-0.30%	–
MS	Exit	MORGAN STANLEY	$0	–	-14,199	–	-0.31%	–
UPS	Exit	UNITED PARCEL SVC INC CL B	$0	–	-5,140	–	-0.32%	–
TLT	Exit	ISHARES 20+ YEAR TREASURY BOND ETF	$0	–	-4,422	–	-0.32%	–
METPRA	Exit	METLIFE INC PFD SER A FLTG RATE 4.00% 12/31/2049	$0	–	-23,749	–	-0.36%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-987	–	-0.36%	–
MWRCL	Exit	MORGAN STANLEY CAP TR III CAP SECS 6.25% 03/01/2033	$0	–	-23,030	–	-0.36%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-12,678	–	-0.37%	–
AAPL	Exit	APPLE INC	$0	–	-6,026	–	-0.38%	–
SDY	Exit	SPDR SER TR S&P DIVID ETF	$0	–	-8,544	–	-0.40%	–
GLD	Exit	SPDR GOLD TR GOLD SHS	$0	–	-5,621	–	-0.41%	–
VOE	Exit	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS	$0	–	-7,942	–	-0.42%	–
VTI	Exit	VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF	$0	–	-6,796	–	-0.43%	–
ARPPQ	Exit	ATLAS RESOURCE PARTNERS L P CUM RED PERP PDF UNIT CL D % 8.625%	$0	–	-29,950	–	-0.46%	–
PVTD	Exit	PRIVATEBANCORP INC SUB DEB 7.125% 10/30/2042	$0	–	-29,326	–	-0.48%	–
VO	Exit	VANGUARD INDEX FDS VANGUARD MID CAP VIPERS FORMERLY VANGUARD INDEX TR	$0	–	-6,906	–	-0.51%	–
FB	Exit	FACEBOOK INC COM USD0.000006 CL A	$0	–	-10,579	–	-0.52%	–
SHY	Exit	ISHARES 1-3 YEAR TREASURY BOND ETF	$0	–	-9,987	–	-0.53%	–
PM	Exit	PHILIP MORRIS INTL INC COM	$0	–	-10,243	–	-0.53%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-10,482	–	-0.55%	–
APLPRECL	Exit	ATLAS PIPELINE PARTNERS L P PERP PFD UNIT CL E	$0	–	-34,672	–	-0.56%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-4,882	–	-0.58%	–
TIP	Exit	ISHARES TIPS BOND ETF	$0	–	-8,453	–	-0.59%	–
WEN	Exit	WENDYS COMPANY (THE) COM USD0.10	$0	–	-122,398	–	-0.63%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-8,926	–	-0.67%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-21,563	–	-0.68%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-1,891	–	-0.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,017	–	-0.74%	–
ED	Exit	CONSOLIDATED EDISON HLDG CO INC	$0	–	-20,895	–	-0.74%	–
BND	Exit	VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF	$0	–	-14,683	–	-0.75%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-47,795	–	-0.77%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-19,729	–	-0.79%	–
T	Exit	AT&T INC COM	$0	–	-36,999	–	-0.82%	–
IJK	Exit	ISHARES S&P MID CAP 400 GROWTH ETF	$0	–	-8,917	–	-0.85%	–
DEO	Exit	DIAGEO ADR EACH REPR 4 ORD GBX28.935185	$0	–	-12,099	–	-0.88%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDUSTRIES ADR-EACH CNV INTO 1 ORD ILS0.10	$0	–	-27,312	–	-0.92%	–
JNK	Exit	SPDR SER TR BARCLAYS HIGH YIELD BD ETF	$0	–	-38,819	–	-0.98%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-38,641	–	-1.01%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-32,722	–	-1.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-9,773	–	-1.12%	–
LQD	Exit	ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND ETF	$0	–	-15,197	–	-1.13%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-19,917	–	-1.17%	–
ADS	Exit	ALLIANCE DATA SYS CORP	$0	–	-8,694	–	-1.35%	–
SYK	Exit	STRYKER CORP	$0	–	-27,864	–	-1.41%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF	$0	–	-54,008	–	-1.41%	–
DIS	Exit	DISNEY WALT CO	$0	–	-29,171	–	-1.63%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-66,323	–	-1.91%	–
XOP	Exit	SPDR SER TR S&P OIL & GAS EXPL & PRODTN ETF	$0	–	-44,845	–	-1.94%	–
PEP	Exit	PEPSICO INC	$0	–	-33,970	–	-1.98%	–
MVV	Exit	PROSHARES ULTRA MIDCAP 400 PROSHARES	$0	–	-48,215	–	-1.98%	–
ABBV	Exit	ABBVIE INC COM USD0.01	$0	–	-55,939	–	-2.02%	–
GNW	Exit	GENWORTH FINL INC COM CL A	$0	–	-254,572	–	-2.09%	–
MCD	Exit	MCDONALDS CORP	$0	–	-37,813	–	-2.25%	–
AGN	Exit	ALLERGAN INC	$0	–	-24,213	–	-2.70%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-50,124	–	-3.41%	–
IJR	Exit	ISHARES CORE S&P SMALL-CAP ETF	$0	–	-53,712	–	-3.51%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-138,401	–	-3.54%	–
IJJ	Exit	ISHARES S&P MIDCAP 400 VALUE ETF	$0	–	-47,242	–	-3.56%	–
V	Exit	VISA INC COM CL A	$0	–	-26,933	–	-3.60%	–
QQQ	Exit	POWERSHARES QQQ TR UNIT SER 1	$0	–	-91,810	–	-5.68%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	$0	–	-57,818	–	-9.04%	–
SPY	Exit	SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	$0	–	-91,889	–	-11.35%	–

Q3 2014

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	$18,104,000	+4.0%	91,889	+3.3%	11.35%	+5.8%
MDY	Buy	SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	$14,415,000	-3.1%	57,818	+0.9%	9.04%	-1.4%
QQQ	Buy	POWERSHARES QQQ TR UNIT SER 1	$9,069,000	+7.4%	91,810	+1.9%	5.68%	+9.3%
V	Sell	VISA INC COM CL A	$5,746,000	+1.6%	26,933	-0.3%	3.60%	+3.4%
IJJ	Buy	ISHARES S&P MIDCAP 400 VALUE ETF	$5,683,000	-4.0%	47,242	+0.9%	3.56%	-2.3%
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$5,652,000	+10.6%	138,401	+6.7%	3.54%	+12.5%
IJR	Buy	ISHARES CORE S&P SMALL-CAP ETF	$5,602,000	+14.7%	53,712	+22.8%	3.51%	+16.7%
UNP	Buy	UNION PACIFIC CORP	$5,434,000	+56.9%	50,124	+44.2%	3.41%	+59.7%
AGN	Sell	ALLERGAN INC	$4,314,000	-10.6%	24,213	-12.7%	2.70%	-9.0%
MCD	Buy	MCDONALDS CORP	$3,585,000	-4.7%	37,813	+2.0%	2.25%	-3.1%
GNW	Buy	GENWORTH FINL INC COM CL A	$3,334,000	+9.6%	254,572	+44.9%	2.09%	+11.5%
ABBV	Buy	ABBVIE INC COM USD0.01	$3,231,000	+7.4%	55,939	+5.6%	2.02%	+9.3%
MVV	Buy	PROSHARES ULTRA MIDCAP 400 PROSHARES	$3,165,000	+281.3%	48,215	+312.9%	1.98%	+288.3%
PEP	Buy	PEPSICO INC	$3,162,000	+5.7%	33,970	+0.8%	1.98%	+7.5%
XOP	Buy	SPDR SER TR S&P OIL & GAS EXPL & PRODTN ETF	$3,086,000	+39.8%	44,845	+77.7%	1.94%	+42.3%
MO	Buy	ALTRIA GROUP INC	$3,046,000	+11.1%	66,323	+1.1%	1.91%	+13.0%
DIS	New	DISNEY WALT CO	$2,597,000	–	29,171	–	1.63%	–
VWO	Buy	VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF	$2,252,000	-0.7%	54,008	+2.8%	1.41%	+1.1%
SYK	Buy	STRYKER CORP	$2,250,000	-1.1%	27,864	+3.2%	1.41%	+0.6%
ADS	Sell	ALLIANCE DATA SYS CORP	$2,158,000	-15.3%	8,694	-0.4%	1.35%	-13.8%
XOM	Buy	EXXON MOBIL CORP	$1,873,000	-2.1%	19,917	+5.3%	1.17%	-0.4%
LQD	Buy	ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND ETF	$1,796,000	+0.6%	15,197	+1.6%	1.13%	+2.4%
LMT	Buy	LOCKHEED MARTIN CORP	$1,786,000	+29.7%	9,773	+15.4%	1.12%	+32.1%
GIS	Sell	GENERAL MILLS INC	$1,650,000	-3.8%	32,722	-0.3%	1.03%	-2.2%
ABT	Buy	ABBOTT LABORATORIES	$1,607,000	+3.6%	38,641	+1.0%	1.01%	+5.4%
JNK	Buy	SPDR SER TR BARCLAYS HIGH YIELD BD ETF	$1,559,000	+17.4%	38,819	+22.0%	0.98%	+19.4%
TEVA	Buy	TEVA PHARMACEUTICAL INDUSTRIES ADR-EACH CNV INTO 1 ORD ILS0.10	$1,468,000	+3.1%	27,312	+1.3%	0.92%	+4.9%
DEO	Sell	DIAGEO ADR EACH REPR 4 ORD GBX28.935185	$1,396,000	-61.7%	12,099	-58.1%	0.88%	-61.0%
IJK	Sell	ISHARES S&P MID CAP 400 GROWTH ETF	$1,350,000	-32.4%	8,917	-30.2%	0.85%	-31.2%
T	Sell	AT&T INC COM	$1,303,000	-1.2%	36,999	-0.7%	0.82%	+0.5%
EFA	Buy	ISHARES MSCI EAFE ETF	$1,265,000	-5.3%	19,729	+0.8%	0.79%	-3.6%
GE	Buy	GENERAL ELECTRIC CO	$1,224,000	-0.2%	47,795	+3.0%	0.77%	+1.6%
BND	Sell	VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF	$1,203,000	-5.0%	14,683	-4.8%	0.75%	-3.3%
ED	Sell	CONSOLIDATED EDISON HLDG CO INC	$1,183,000	-5.4%	20,895	-3.8%	0.74%	-3.6%
JNJ	Buy	JOHNSON & JOHNSON	$1,174,000	+1.7%	11,017	+0.2%	0.74%	+3.5%
GOOG	Buy	GOOGLE INC CL C	$1,091,000	+132.6%	1,891	+132.3%	0.68%	+136.7%
VZ	Buy	VERIZON COMMUNICATIONS	$1,077,000	+4.5%	21,563	+3.1%	0.68%	+6.3%
CVX	Buy	CHEVRON CORP NEW	$1,065,000	-8.1%	8,926	+0.3%	0.67%	-6.4%
WEN	Sell	WENDYS COMPANY (THE) COM USD0.10	$1,011,000	-6.7%	122,398	-2.8%	0.63%	-5.1%
TIP	Sell	ISHARES TIPS BOND ETF	$947,000	-5.3%	8,453	-2.5%	0.59%	-3.6%
IBM	Buy	INTL BUSINESS MACH	$926,000	+5.0%	4,882	+0.5%	0.58%	+6.8%
APLPRECL	New	ATLAS PIPELINE PARTNERS L P PERP PFD UNIT CL E	$891,000	–	34,672	–	0.56%	–
PG	Buy	PROCTER & GAMBLE CO	$877,000	+9.9%	10,482	+3.7%	0.55%	+11.8%
PM	Buy	PHILIP MORRIS INTL INC COM	$845,000	-0.6%	10,243	+2.2%	0.53%	+1.1%
SHY	Buy	ISHARES 1-3 YEAR TREASURY BOND ETF	$844,000	+4.6%	9,987	+4.6%	0.53%	+6.4%
FB	Sell	FACEBOOK INC COM USD0.000006 CL A	$836,000	+6.5%	10,579	-9.0%	0.52%	+8.3%
VO	Buy	VANGUARD INDEX FDS VANGUARD MID CAP VIPERS FORMERLY VANGUARD INDEX TR	$810,000	+0.6%	6,906	+1.5%	0.51%	+2.4%
PVTD	New	PRIVATEBANCORP INC SUB DEB 7.125% 10/30/2042	$761,000	–	29,326	–	0.48%	–
ARPPQ	New	ATLAS RESOURCE PARTNERS L P CUM RED PERP PDF UNIT CL D % 8.625%	$741,000	–	29,950	–	0.46%	–
VTI	Buy	VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF	$688,000	+4.7%	6,796	+5.2%	0.43%	+6.4%
VOE	Buy	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS	$674,000	+1.4%	7,942	+3.5%	0.42%	+3.2%
GLD	Buy	SPDR GOLD TR GOLD SHS	$653,000	-12.3%	5,621	+0.7%	0.41%	-10.9%
SDY	Buy	SPDR SER TR S&P DIVID ETF	$640,000	+31.4%	8,544	+34.0%	0.40%	+33.7%
AAPL	Buy	APPLE INC	$607,000	+48.8%	6,026	+35.8%	0.38%	+51.8%
MSFT	Buy	MICROSOFT CORP	$587,000	+23.8%	12,678	+12.9%	0.37%	+26.0%
MWRCL	New	MORGAN STANLEY CAP TR III CAP SECS 6.25% 03/01/2033	$582,000	–	23,030	–	0.36%	–
GOOGL	Buy	GOOGLE INC CL A	$580,000	+3.6%	987	+3.1%	0.36%	+5.5%
METPRA	New	METLIFE INC PFD SER A FLTG RATE 4.00% 12/31/2049	$568,000	–	23,749	–	0.36%	–
TLT	New	ISHARES 20+ YEAR TREASURY BOND ETF	$514,000	–	4,422	–	0.32%	–
MS	Buy	MORGAN STANLEY	$490,000	+24.7%	14,199	+13.8%	0.31%	+26.9%
WFCPRQ	New	WELLS FARGO & CO NEW DEP SHS REPSTG 1/1000TH INT PERP PFD CL A SER Q FXD TO FLTG	$476,000	–	18,609	–	0.30%	–
FNFG	Sell	FIRST NIAGARA FINL GROUP INC NEW	$457,000	-15.5%	54,873	-11.8%	0.29%	-14.1%
BSV	Buy	VANGUARD BD INDEX FD INC SHORT TERM BD ETF	$435,000	+31.8%	5,445	+32.1%	0.27%	+34.5%
MRK	Sell	MERCK & CO INC NEW COM	$390,000	-1.3%	6,582	-4.2%	0.24%	+0.4%
HYG	Buy	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF ISIN #US4642885135 SEDOL #B1VZ486	$381,000	+9.8%	4,152	+13.7%	0.24%	+11.7%
JPM	Buy	JPMORGAN CHASE & CO	$370,000	+5.1%	6,150	+0.4%	0.23%	+6.9%
DIA	Buy	SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1	$326,000	+17.7%	1,920	+16.2%	0.20%	+19.3%
VUG	Buy	VANGUARD INDEX FDS VANGUARD GROWTH VIPERS FORMERLY VANGUARD INDEX TR	$312,000	+9.9%	3,138	+9.0%	0.20%	+12.0%
SDRL	Sell	SEADRILL LTD USD2	$301,000	-44.4%	11,253	-18.0%	0.19%	-43.2%
VCIT	New	VANGUARD SCOTTSDALE FDS INTERMEDIATE TERM CORPORATE BOND INDEX	$300,000	–	3,500	–	0.19%	–
VB	Buy	VANGUARD INDEX FDS VANGUARD SMALL CAP VIPERS FORMERLY VANGUARD INDEX TR	$300,000	-1.3%	2,717	+0.9%	0.19%	+0.5%
D	Sell	DOMINION RESOURCES INC VA NEW	$296,000	-4.5%	4,291	-2.1%	0.19%	-2.6%
CAT	Buy	CATERPILLAR INC	$287,000	-8.6%	2,901	+0.4%	0.18%	-6.7%
IBB	New	ISHARES NASDAQ BIOTECHNOLOGY ETF	$273,000	–	1,000	–	0.17%	–
	Buy	ISHARES S&P 500 VALUE ETF	$264,000	+20.5%	2,935	+21.0%	0.16%	+22.2%
GBAB	Sell	GUGGENHEIM BUILD AMER BDS MANAGED DURATION TR COM	$259,000	-16.5%	12,156	-18.8%	0.16%	-15.2%
INTC	Sell	INTEL CORP	$253,000	+6.8%	7,269	-5.5%	0.16%	+8.9%
VBR	Sell	VANGUARD INDEX FDS VANGUARD SMALL CAP VALUE VIPERS FORMERLY VANGUARD INDEX TR	$250,000	-12.0%	2,511	-7.1%	0.16%	-10.3%
CWB	New	SPDR SER TR BARCLAYS CONV SECS ETF	$247,000	–	4,980	–	0.16%	–
MA	Sell	MASTERCARD INC CL A	$245,000	-3.2%	3,320	-4.0%	0.15%	-1.3%
COP	New	CONOCOPHILLIPS	$245,000	–	3,205	–	0.15%	–
EEM	Sell	ISHARES MSCI EMERGING MARKETS ETF	$241,000	-5.9%	5,812	-1.7%	0.15%	-4.4%
CST	New	CST BRANDS INC COM	$237,000	–	6,595	–	0.15%	–
CI	Sell	CIGNA CORP	$236,000	-5.2%	2,613	-3.7%	0.15%	-3.3%
PAYX	New	PAYCHEX INC	$211,000	–	4,787	–	0.13%	–
FXF	Exit	CURRENCYSHARES SWISS FRANC TR SWISS FRANC SHS	$0	–	-1,950	–	-0.13%	–
EZU	Exit	ISHARES MSCI EMU ETF	$0	–	-5,163	–	-0.13%	–
MYD	Exit	BLACKROCK MUNIYIELD FD INC COM	$0	–	-18,375	–	-0.16%	–
TU	Exit	TELUS CORP COM ISIN #CA87971M1032 SEDOL #2381093	$0	–	-7,870	–	-0.18%	–
CYD	Exit	CHINA YUCHAI INTERNATIONAL COM STK USD0.10	$0	–	-14,150	–	-0.18%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-6,155	–	-0.20%	–
PFE	Exit	PFIZER INC	$0	–	-10,870	–	-0.20%	–
BP	Exit	BP PLC ADR (CNV INTO 6 ORD USD0.25 SHS)	$0	–	-7,861	–	-0.25%	–
BPL	Exit	BUCKEYE PARTNERS LP	$0	–	-5,035	–	-0.26%	–
KKR	Exit	KKR & CO LP	$0	–	-21,880	–	-0.33%	–
HCP	Exit	HCP INC COM	$0	–	-13,782	–	-0.35%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LP	$0	–	-16,213	–	-0.58%	–
BX	Exit	BLACKSTONE GROUP LP	$0	–	-50,626	–	-1.04%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-114,733	–	-1.08%	–
BA	Exit	BOEING CO	$0	–	-15,480	–	-1.22%	–
APL	Exit	ATLAS PIPELINE PARTNERS	$0	–	-96,993	–	-2.03%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-63,960	–	-2.08%	–

Q2 2014

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	$17,411,000	–	88,917	–	10.73%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	$14,872,000	–	57,322	–	9.16%	–
QQQ	New	POWERSHARES QQQ TR UNIT SER 1	$8,444,000	–	90,076	–	5.20%	–
IJJ	New	ISHARES S&P MIDCAP 400 VALUE ETF	$5,918,000	–	46,827	–	3.65%	–
V	New	VISA INC COM CL A	$5,654,000	–	27,019	–	3.48%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$5,110,000	–	129,733	–	3.15%	–
IJR	New	ISHARES CORE S&P SMALL-CAP ETF	$4,886,000	–	43,746	–	3.01%	–
AGN	New	ALLERGAN INC	$4,826,000	–	27,748	–	2.97%	–
MCD	New	MCDONALDS CORP	$3,762,000	–	37,085	–	2.32%	–
DEO	New	DIAGEO ADR EACH REPR 4 ORD GBX28.935185	$3,644,000	–	28,883	–	2.24%	–
UNP	New	UNION PACIFIC CORP	$3,463,000	–	34,755	–	2.13%	–
TJX	New	TJX COMPANIES INC	$3,375,000	–	63,960	–	2.08%	–
APL	New	ATLAS PIPELINE PARTNERS	$3,295,000	–	96,993	–	2.03%	–
GNW	New	GENWORTH FINL INC COM CL A	$3,043,000	–	175,726	–	1.88%	–
ABBV	New	ABBVIE INC COM USD0.01	$3,007,000	–	52,965	–	1.85%	–
PEP	New	PEPSICO INC	$2,992,000	–	33,711	–	1.84%	–
MO	New	ALTRIA GROUP INC	$2,742,000	–	65,576	–	1.69%	–
ADS	New	ALLIANCE DATA SYS CORP	$2,549,000	–	8,726	–	1.57%	–
SYK	New	STRYKER CORP	$2,276,000	–	27,000	–	1.40%	–
VWO	New	VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF	$2,268,000	–	52,513	–	1.40%	–
XOP	New	SPDR SER TR S&P OIL & GAS	$2,207,000	–	25,239	–	1.36%	–
IJK	New	ISHARES S&P MID CAP 400 GROWTH ETF	$1,996,000	–	12,770	–	1.23%	–
BA	New	BOEING CO	$1,989,000	–	15,480	–	1.22%	–
XOM	New	EXXON MOBIL CORP	$1,914,000	–	18,913	–	1.18%	–
LQD	New	ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND ETF	$1,786,000	–	14,964	–	1.10%	–
BAC	New	BANK OF AMERICA CORP	$1,758,000	–	114,733	–	1.08%	–
GIS	New	GENERAL MILLS INC	$1,716,000	–	32,820	–	1.06%	–
BX	New	BLACKSTONE GROUP LP	$1,693,000	–	50,626	–	1.04%	–
ABT	New	ABBOTT LABORATORIES	$1,551,000	–	38,267	–	0.96%	–
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES ADR-EACH CNV INTO 1 ORD ILS0.10	$1,424,000	–	26,960	–	0.88%	–
LMT	New	LOCKHEED MARTIN CORP	$1,377,000	–	8,469	–	0.85%	–
EFA	New	ISHARES MSCI EAFE ETF	$1,336,000	–	19,569	–	0.82%	–
JNK	New	SPDR SER TR BARCLAYS HIGH YIELD BD ETF	$1,328,000	–	31,824	–	0.82%	–
T	New	AT&T INC COM	$1,319,000	–	37,267	–	0.81%	–
BND	New	VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF	$1,266,000	–	15,419	–	0.78%	–
ED	New	CONSOLIDATED EDISON HLDG CO INC	$1,250,000	–	21,729	–	0.77%	–
GE	New	GENERAL ELECTRIC CO	$1,226,000	–	46,421	–	0.76%	–
CVX	New	CHEVRON CORP NEW	$1,159,000	–	8,897	–	0.71%	–
JNJ	New	JOHNSON & JOHNSON	$1,154,000	–	10,994	–	0.71%	–
WEN	New	WENDYS COMPANY (THE) COM USD0.10	$1,084,000	–	125,986	–	0.67%	–
VZ	New	VERIZON COMMUNICATIONS	$1,031,000	–	20,918	–	0.64%	–
TIP	New	ISHARES TIPS BOND ETF	$1,000,000	–	8,673	–	0.62%	–
ETP	New	ENERGY TRANSFER PARTNERS LP	$934,000	–	16,213	–	0.58%	–
IBM	New	INTL BUSINESS MACH	$882,000	–	4,856	–	0.54%	–
PM	New	PHILIP MORRIS INTL INC COM	$850,000	–	10,019	–	0.52%	–
MVV	New	PROSHARES ULTRA MIDCAP 400 PROSHARES	$830,000	–	11,676	–	0.51%	–
SHY	New	ISHARES 1-3 YEAR TREASURY BOND ETF	$807,000	–	9,547	–	0.50%	–
VO	New	VANGUARD INDEX FDS VANGUARD MID CAP VIPERS FORMERLY VANGUARD INDEX TR	$805,000	–	6,806	–	0.50%	–
PG	New	PROCTER & GAMBLE CO	$798,000	–	10,109	–	0.49%	–
FB	New	FACEBOOK INC COM USD0.000006 CL A	$785,000	–	11,619	–	0.48%	–
GLD	New	SPDR GOLD TR GOLD SHS	$745,000	–	5,582	–	0.46%	–
VOE	New	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS	$665,000	–	7,676	–	0.41%	–
VTI	New	VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF	$657,000	–	6,461	–	0.40%	–
HCP	New	HCP INC COM	$569,000	–	13,782	–	0.35%	–
GOOGL	New	GOOGLE INC CL A	$560,000	–	957	–	0.34%	–
SDRL	New	SEADRILL LTD USD2	$541,000	–	13,720	–	0.33%	–
FNFG	New	FIRST NIAGARA FINL GROUP INC NEW	$541,000	–	62,223	–	0.33%	–
KKR	New	KKR & CO LP	$529,000	–	21,880	–	0.33%	–
UPS	New	UNITED PARCEL SVC INC CL B	$527,000	–	5,140	–	0.32%	–
SDY	New	SPDR SER TR S&P DIVID ETF	$487,000	–	6,374	–	0.30%	–
MSFT	New	MICROSOFT CORP	$474,000	–	11,225	–	0.29%	–
GOOG	New	GOOGLE INC CL C	$469,000	–	814	–	0.29%	–
BMY	New	BRISTOL MYERS SQUIBB	$442,000	–	9,012	–	0.27%	–
BPL	New	BUCKEYE PARTNERS LP	$415,000	–	5,035	–	0.26%	–
BP	New	BP PLC ADR (CNV INTO 6 ORD USD0.25 SHS)	$413,000	–	7,861	–	0.25%	–
AAPL	New	APPLE INC	$408,000	–	4,438	–	0.25%	–
MRK	New	MERCK & CO INC NEW COM	$395,000	–	6,872	–	0.24%	–
MS	New	MORGAN STANLEY	$393,000	–	12,476	–	0.24%	–
DUK	New	DUKE ENERGY CORP COM USD0.001 ISIN #US26441C2044 SEDOL #B7JZSK0	$355,000	–	4,826	–	0.22%	–
JPM	New	JPMORGAN CHASE & CO	$352,000	–	6,124	–	0.22%	–
UTX	New	UNITED TECHNOLOGIES CORP	$353,000	–	3,035	–	0.22%	–
HYG	New	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF	$347,000	–	3,652	–	0.21%	–
BSV	New	VANGUARD BD INDEX FD INC SHORT TERM BD ETF	$330,000	–	4,121	–	0.20%	–
PFE	New	PFIZER INC	$322,000	–	10,870	–	0.20%	–
DOW	New	DOW CHEMICAL CO	$317,000	–	6,155	–	0.20%	–
CAT	New	CATERPILLAR INC	$314,000	–	2,889	–	0.19%	–
D	New	DOMINION RESOURCES INC VA NEW	$310,000	–	4,383	–	0.19%	–
GBAB	New	GUGGENHEIM BUILD AMER BDS MANAGED DURATION TR COM	$310,000	–	14,976	–	0.19%	–
QGEN	New	QIAGEN NV COM EUR0.01	$303,000	–	12,407	–	0.19%	–
VB	New	VANGUARD INDEX FDS VANGUARD SMALL CAP VIPERS FORMERLY VANGUARD INDEX TR	$304,000	–	2,693	–	0.19%	–
CYD	New	CHINA YUCHAI INTERNATIONAL COM STK USD0.10	$300,000	–	14,150	–	0.18%	–
HCBK	New	HUDSON CITY BANCORP INC	$299,000	–	30,416	–	0.18%	–
TU	New	TELUS CORP COM ISIN #CA87971M1032 SEDOL #2381093	$294,000	–	7,870	–	0.18%	–
EWH	New	ISHARES MSCI HONG KONG ETF	$290,000	–	13,850	–	0.18%	–
VUG	New	VANGUARD INDEX FDS VANGUARD GROWTH VIPERS FORMERLY VANGUARD INDEX TR	$284,000	–	2,878	–	0.18%	–
VBR	New	VANGUARD INDEX FDS VANGUARD SMALL CAP VALUE VIPERS FORMERLY VANGUARD INDEX TR	$284,000	–	2,703	–	0.18%	–
DIA	New	SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1	$277,000	–	1,653	–	0.17%	–
DD	New	DU PONT E I DE NEMOURS & CO	$265,000	–	4,052	–	0.16%	–
MYD	New	BLACKROCK MUNIYIELD FD INC COM	$264,000	–	18,375	–	0.16%	–
PGX	New	POWERSHARES EXCH TRADED FD TR II PREFERRED PORTFOLIO ISIN #US73936T5653 SEDOL #B676G93	$261,000	–	17,900	–	0.16%	–
EEM	New	ISHARES MSCI EMERGING MARKETS ETF	$256,000	–	5,912	–	0.16%	–
UN	New	UNILEVER NV EUR0.16(NEW YORK SHARES)	$256,000	–	5,900	–	0.16%	–
MA	New	MASTERCARD INC CL A	$253,000	–	3,460	–	0.16%	–
CI	New	CIGNA CORP	$249,000	–	2,713	–	0.15%	–
AEP	New	AMERICAN ELEC PWR CO	$245,000	–	4,437	–	0.15%	–
FTI	New	FMC TECHNOLOGIES INC	$245,000	–	4,074	–	0.15%	–
INGR	New	INGREDION INC COM USD0.01	$242,000	–	3,225	–	0.15%	–
NGG	New	NATIONAL GRID NEW ADR EACH REPR 5 ORD GBP0.11395	$239,000	–	3,253	–	0.15%	–
INTC	New	INTEL CORP	$237,000	–	7,692	–	0.15%	–
KO	New	COCA COLA CO	$235,000	–	5,588	–	0.14%	–
GXC	New	SPDR INDEX SHS FDS S&P CHINA ETF	$232,000	–	3,100	–	0.14%	–
AWR	New	AMERICAN STATES WATER CO	$230,000	–	7,000	–	0.14%	–
	New	ISHARES S&P 500 VALUE	$219,000	–	2,425	–	0.14%	–
EZU	New	ISHARES MSCI EMU ETF	$218,000	–	5,163	–	0.13%	–
FXF	New	CURRENCYSHARES SWISS FRANC TR SWISS FRANC SHS	$213,000	–	1,950	–	0.13%	–

Q4 2013

			Value		Shares		↓ Weighting
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-1,863	–	-0.13%	–
FXF	Exit	CURRENCYSHARES SWISS FRANC TR SWISS FRANC SHS	$0	–	-1,950	–	-0.14%	–
NE	Exit	NOBLE CORPORATION (SWITZERLAND) COM CHF3.15	$0	–	-5,700	–	-0.14%	–
INGR	Exit	INGREDION INC COM USD0.01	$0	–	-3,295	–	-0.14%	–
FTI	Exit	FMC TECHNOLOGIES INC	$0	–	-3,951	–	-0.14%	–
DFIHY	Exit	DAIRY FARM INTERNATIONAL HLDGS UNSPON ADR EA REP 5 COM USD0.055555	$0	–	-4,345	–	-0.14%	–
	Exit	KUNLUN ENERGY COMPANY LIMITED ORD HKD0.01 ISIN #BMG5320C1082 SEDOL #6340078	$0	–	-162,900	–	-0.15%	–
GXC	Exit	SPDR INDEX SHS FDS S&P CHINA ETF	$0	–	-3,100	–	-0.15%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-4,454	–	-0.15%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-268	–	-0.15%	–
	Exit	SEMBCORP INDUSTRIES NPV (POST REORG) ISIN #SG1R50925390 SEDOL #B08X163	$0	–	-55,700	–	-0.15%	–
GBAB	Exit	GUGGENHEIM BUILD AMER BDS MANAGED DURATION TR COM	$0	–	-11,753	–	-0.15%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETS ETF	$0	–	-5,812	–	-0.15%	–
MAKO	Exit	MAKO SURGICAL CORP COM	$0	–	-8,000	–	-0.15%	–
NRK	Exit	NUVEEN NEW YORK AMT-FREE MUN INCOME FD	$0	–	-19,961	–	-0.16%	–
CI	Exit	CIGNA CORP	$0	–	-3,213	–	-0.16%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-3,958	–	-0.16%	–
VOE	Exit	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS	$0	–	-3,500	–	-0.17%	–
PAYX	Exit	PAYCHEX INC	$0	–	-6,336	–	-0.17%	–
JMHLY	Exit	JARDINE MATHESON HLDGS UNSPON ADR EA REP 1 COM USD0.25	$0	–	-4,760	–	-0.17%	–
QGEN	Exit	QIAGEN NV COM EUR0.01	$0	–	-12,407	–	-0.17%	–
EWH	Exit	ISHARES MSCI HONG KONG ETF	$0	–	-13,850	–	-0.18%	–
	Exit	GALAXY ENTERTAINMENT GROUP LIMITED ORD HKD0.10 ISIN #HK0027032686 SEDOL #6465874	$0	–	-40,500	–	-0.18%	–
HCBK	Exit	HUDSON CITY BANCORP INC	$0	–	-32,124	–	-0.19%	–
PPL	Exit	PPL CORP	$0	–	-9,597	–	-0.19%	–
	Exit	M1 LIMITED NPV ISIN #SG1U89935555 SEDOL #B04KJ97	$0	–	-119,100	–	-0.20%	–
MGEE	Exit	MGE ENERGY INC	$0	–	-5,796	–	-0.21%	–
JSHLY	Exit	JARDINE STRATEGIC HLDGS UNSPON ADR EA REP 0.50 USD0.05	$0	–	-18,940	–	-0.21%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-5,300	–	-0.22%	–
HYG	Exit	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF	$0	–	-3,802	–	-0.23%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-10,260	–	-0.23%	–
MS	Exit	MORGAN STANLEY	$0	–	-13,086	–	-0.23%	–
VTI	Exit	VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF	$0	–	-4,135	–	-0.24%	–
KOF	Exit	COCA-COLA FEMSA S.A.B. DE C.V. ADS-EACH REPR 10 SER L COM STK NPV	$0	–	-2,904	–	-0.24%	–
XEL	Exit	XCEL ENERGY INC COM	$0	–	-14,208	–	-0.26%	–
EE	Exit	EL PASO ELECTRIC COMP NEW	$0	–	-12,600	–	-0.27%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-10,955	–	-0.27%	–
IFF	Exit	INTL FLAVORS & FRAGRANCES INC	$0	–	-5,300	–	-0.28%	–
UTL	Exit	UNITIL CORP	$0	–	-15,055	–	-0.29%	–
	Exit	BRILLIANCE CHINA AUTOMOTIVE HLDGS COM STK USD0.01 ISIN #BMG1368B1028 SEDOL #6181482	$0	–	-309,500	–	-0.30%	–
CHT	Exit	CHUNGHWA TELECOM ADR EA REPR 10 ORD TWD10	$0	–	-15,030	–	-0.31%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-8,152	–	-0.31%	–
	Exit	UNI-PRESIDENT CHINA HOLDINGS LTD HKD0.01 ISIN #KYG9222R1065 SEDOL #B29MKF5	$0	–	-508,450	–	-0.33%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-12,383	–	-0.35%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-16,310	–	-0.35%	–
UN	Exit	UNILEVER NV EUR0.16(NEW YORK SHARES)	$0	–	-14,500	–	-0.36%	–
CYD	Exit	CHINA YUCHAI INTERNATIONAL COM STK USD0.10	$0	–	-23,150	–	-0.36%	–
POR	Exit	PORTLAND GEN ELEC CO COM NEW	$0	–	-20,400	–	-0.38%	–
PFE	Exit	PFIZER INC	$0	–	-20,732	–	-0.39%	–
FNFG	Exit	FIRST NIAGARA FINL GROUP INC NEW	$0	–	-59,033	–	-0.40%	–
MRK	Exit	MERCK & CO INC NEW COM	$0	–	-13,177	–	-0.41%	–
WEN	Exit	WENDYS COMPANY (THE) COM USD0.10	$0	–	-74,913	–	-0.41%	–
KO	Exit	COCA COLA CO	$0	–	-17,548	–	-0.43%	–
AWR	Exit	AMERICAN STATES WATER CO	$0	–	-24,200	–	-0.43%	–
SHY	Exit	ISHARES 1-3 YEAR TREASURY BOND ETF	$0	–	-8,182	–	-0.45%	–
SO	Exit	SOUTHERN CO	$0	–	-18,100	–	-0.48%	–
JNK	Exit	SPDR SER TR BARCLAYS HIGH YIELD BD ETF	$0	–	-19,835	–	-0.51%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,120	–	-0.52%	–
INTC	Exit	INTEL CORP	$0	–	-35,710	–	-0.53%	–
GXP	Exit	GREAT PLAINS ENERGY INC	$0	–	-37,500	–	-0.54%	–
NEE	Exit	NEXTERA ENERGY INC COM	$0	–	-10,461	–	-0.55%	–
LNKD	Exit	LINKEDIN CORP COM USD0.0001	$0	–	-3,452	–	-0.55%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-6,662	–	-0.55%	–
TU	Exit	TELUS CORP COM ISIN #CA87971M1032 SEDOL #2381093	$0	–	-27,570	–	-0.59%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-20,279	–	-0.61%	–
GLD	Exit	SPDR GOLD TR GOLD SHS	$0	–	-7,349	–	-0.61%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-40,845	–	-0.64%	–
DUK	Exit	DUKE ENERGY CORP COM USD0.001 ISIN #US26441C2044 SEDOL #B7JZSK0	$0	–	-15,125	–	-0.66%	–
BP	Exit	BP PLC ADR (CNV INTO 6 ORD USD0.25 SHS)	$0	–	-24,261	–	-0.66%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-14,113	–	-0.69%	–
BND	Exit	VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF	$0	–	-13,489	–	-0.71%	–
D	Exit	DOMINION RESOURCES INC VA NEW	$0	–	-17,913	–	-0.73%	–
TIP	Exit	ISHARES TIPS BOND ETF	$0	–	-9,968	–	-0.73%	–
TFM	Exit	THE FRESH MARKET INC COM USD0.01	$0	–	-28,058	–	-0.86%	–
SDRL	Exit	SEADRILL LTD USD2	$0	–	-31,174	–	-0.92%	–
UPS	Exit	UNITED PARCEL SVC INC CL B	$0	–	-15,558	–	-0.92%	–
LQD	Exit	ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND ETF	$0	–	-12,895	–	-0.95%	–
LUK	Exit	LEUCADIA NATL CORP	$0	–	-54,921	–	-0.97%	–
PM	Exit	PHILIP MORRIS INTL INC COM	$0	–	-17,681	–	-1.00%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-114,012	–	-1.02%	–
IJK	Exit	ISHARES S&P MID CAP 400 GROWTH ETF	$0	–	-11,335	–	-1.03%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-49,243	–	-1.06%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGY ETF	$0	–	-8,152	–	-1.11%	–
BA	Exit	BOEING CO	$0	–	-15,514	–	-1.19%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-42,079	–	-1.28%	–
ED	Exit	CONSOLIDATED EDISON HLDG CO INC	$0	–	-36,965	–	-1.33%	–
T	Exit	AT&T INC COM	$0	–	-61,968	–	-1.36%	–
ABBV	Exit	ABBVIE INC COM USD0.01	$0	–	-47,272	–	-1.38%	–
AGN	Exit	ALLERGAN INC	$0	–	-27,799	–	-1.64%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-56,549	–	-1.76%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-8,977	–	-1.83%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-92,970	–	-2.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-37,749	–	-2.11%	–
PEP	Exit	PEPSICO INC	$0	–	-43,939	–	-2.27%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-22,553	–	-2.28%	–
MCD	Exit	MCDONALDS CORP	$0	–	-36,467	–	-2.28%	–
IJR	Exit	ISHARES CORE S&P SMALL-CAP ETF	$0	–	-38,234	–	-2.48%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-68,776	–	-2.52%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-114,676	–	-2.68%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-23,312	–	-2.81%	–
DEO	Exit	DIAGEO ADR EACH REPR 4 ORD GBX28.935185	$0	–	-37,635	–	-3.11%	–
IJJ	Exit	ISHARES S&P MIDCAP 400 VALUE ETF	$0	–	-44,993	–	-3.16%	–
V	Exit	VISA INC COM CL A	$0	–	-27,938	–	-3.48%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-49,509	–	-3.92%	–
QQQ	Exit	POWERSHARES QQQ TR UNIT SER 1	$0	–	-87,862	–	-4.51%	–
SPY	Exit	SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	$0	–	-59,057	–	-6.46%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	$0	–	-54,653	–	-8.05%	–

Q3 2013

			Value		Shares		↓ Weighting
MDY	Buy	SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	$12,369,815,000	+9.6%	54,653	+1.8%	8.05%	+3.2%
SPY	Buy	SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	$9,922,333,000	+12.1%	59,057	+7.0%	6.46%	+5.5%
QQQ	Buy	POWERSHARES QQQ TR UNIT SER 1	$6,930,600,000	+11.8%	87,862	+1.0%	4.51%	+5.2%
CVX	Buy	CHEVRON CORP NEW	$6,015,418,000	+3.5%	49,509	+0.8%	3.92%	-2.5%
V	Buy	VISA INC COM CL A	$5,339,123,000	+5.7%	27,938	+1.0%	3.48%	-0.5%
IJJ	Buy	ISHARES S&P MIDCAP 400 VALUE ETF	$4,860,200,000	+8.1%	44,993	+1.4%	3.16%	+1.8%
DEO	Sell	DIAGEO ADR EACH REPR 4 ORD GBX28.935185	$4,782,659,000	+7.1%	37,635	-3.1%	3.11%	+0.8%
IBM	Buy	INTL BUSINESS MACH	$4,316,949,000	-2.1%	23,312	+1.0%	2.81%	-7.8%
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$4,111,144,000	-5.9%	114,676	+2.0%	2.68%	-11.4%
TJX	Buy	TJX COMPANIES INC	$3,878,325,000	+13.3%	68,776	+0.6%	2.52%	+6.7%
IJR	Buy	ISHARES CORE S&P SMALL-CAP ETF	$3,815,840,000	+15.1%	38,234	+4.2%	2.48%	+8.4%
MCD	Buy	MCDONALDS CORP	$3,508,529,000	-1.1%	36,467	+1.8%	2.28%	-6.9%
UNP	Buy	UNION PACIFIC CORP	$3,503,461,000	+2.1%	22,553	+1.4%	2.28%	-3.8%
PEP	Buy	PEPSICO INC	$3,493,207,000	-2.2%	43,939	+0.6%	2.27%	-7.9%
XOM	Sell	EXXON MOBIL CORP	$3,247,923,000	-5.2%	37,749	-0.4%	2.11%	-10.7%
MO	Buy	ALTRIA GROUP INC	$3,193,524,000	-0.9%	92,970	+1.0%	2.08%	-6.6%
AMZN	New	AMAZON.COM INC	$2,806,569,000	–	8,977	–	1.83%	–
GIS	Sell	GENERAL MILLS INC	$2,709,873,000	-1.4%	56,549	-0.1%	1.76%	-7.2%
AGN	New	ALLERGAN INC	$2,514,432,000	–	27,799	–	1.64%	–
ABBV	Sell	ABBVIE INC COM USD0.01	$2,114,504,000	+7.5%	47,272	-0.6%	1.38%	+1.3%
T	Sell	AT&T INC COM	$2,095,757,000	-5.7%	61,968	-1.3%	1.36%	-11.2%
ED	Buy	CONSOLIDATED EDISON HLDG CO INC	$2,038,282,000	-4.8%	36,965	+0.7%	1.33%	-10.3%
VZ	Sell	VERIZON COMMUNICATIONS	$1,964,037,000	-7.5%	42,079	-0.3%	1.28%	-13.0%
BA	New	BOEING CO	$1,822,901,000	–	15,514	–	1.19%	–
IBB	New	ISHARES NASDAQ BIOTECHNOLOGY ETF	$1,708,659,000	–	8,152	–	1.11%	–
ABT	New	ABBOTT LABORATORIES	$1,634,384,000	–	49,243	–	1.06%	–
IJK	Buy	ISHARES S&P MID CAP 400 GROWTH ETF	$1,576,866,000	+9.3%	11,335	+1.2%	1.03%	+2.9%
BAC	New	BANK OF AMERICA CORP	$1,573,369,000	–	114,012	–	1.02%	–
PM	Sell	PHILIP MORRIS INTL INC COM	$1,531,060,000	-3.5%	17,681	-3.5%	1.00%	-9.1%
LUK	Sell	LEUCADIA NATL CORP	$1,496,053,000	-2.9%	54,921	-6.5%	0.97%	-8.5%
LQD	Sell	ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND ETF	$1,463,897,000	-0.3%	12,895	-0.2%	0.95%	-6.1%
UPS	Sell	UNITED PARCEL SVC INC CL B	$1,421,534,000	+3.3%	15,558	-2.2%	0.92%	-2.7%
SDRL	Buy	SEADRILL LTD USD2	$1,405,347,000	+11.8%	31,174	+1.1%	0.92%	+5.3%
TFM	Buy	THE FRESH MARKET INC COM USD0.01	$1,327,423,000	-2.7%	28,058	+2.3%	0.86%	-8.4%
TIP	Sell	ISHARES TIPS BOND ETF	$1,122,197,000	-4.6%	9,968	-5.1%	0.73%	-10.2%
BND	Sell	VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF	$1,091,030,000	-1.8%	13,489	-1.8%	0.71%	-7.6%
PG	Sell	PROCTER & GAMBLE CO	$1,066,848,000	-2.6%	14,113	-0.8%	0.69%	-8.3%
BP	New	BP PLC ADR (CNV INTO 6 ORD USD0.25 SHS)	$1,019,689,000	–	24,261	–	0.66%	–
GE	Sell	GENERAL ELECTRIC CO	$975,790,000	+0.8%	40,845	-2.2%	0.64%	-5.2%
GLD	Sell	SPDR GOLD TR GOLD SHS	$941,994,000	+3.5%	7,349	-3.8%	0.61%	-2.5%
BMY	Sell	BRISTOL MYERS SQUIBB	$938,512,000	-3.3%	20,279	-6.6%	0.61%	-8.9%
LNKD	New	LINKEDIN CORP COM USD0.0001	$849,399,000	–	3,452	–	0.55%	–
LMT	New	LOCKHEED MARTIN CORP	$849,738,000	–	6,662	–	0.55%	–
INTC	Sell	INTEL CORP	$818,508,000	-5.5%	35,710	-0.1%	0.53%	-11.0%
JNJ	Buy	JOHNSON & JOHNSON	$790,616,000	+6.3%	9,120	+5.3%	0.52%	+0.2%
JNK	Sell	SPDR SER TR BARCLAYS HIGH YIELD BD ETF	$790,345,000	-0.7%	19,835	-1.6%	0.51%	-6.5%
SHY	Sell	ISHARES 1-3 YEAR TREASURY BOND ETF	$691,133,000	-1.8%	8,182	-2.0%	0.45%	-7.6%
AWR	New	AMERICAN STATES WATER CO	$666,952,000	–	24,200	–	0.43%	–
KO	Sell	COCA COLA CO	$664,718,000	-7.3%	17,548	-1.9%	0.43%	-12.7%
WEN	Buy	WENDYS COMPANY (THE) COM USD0.10	$635,266,000	+68.5%	74,913	+15.9%	0.41%	+58.6%
MRK	Sell	MERCK & CO INC NEW COM	$627,343,000	+0.2%	13,177	-2.2%	0.41%	-5.8%
PFE	Sell	PFIZER INC	$595,526,000	+2.5%	20,732	-0.0%	0.39%	-3.5%
CYD	Sell	CHINA YUCHAI INTERNATIONAL COM STK USD0.10	$550,275,000	+34.2%	23,150	-0.4%	0.36%	+26.5%
UN	Sell	UNILEVER NV EUR0.16(NEW YORK SHARES)	$546,940,000	-7.8%	14,500	-3.9%	0.36%	-13.2%
MSFT	Sell	MICROSOFT CORP	$542,823,000	-5.9%	16,310	-2.4%	0.35%	-11.5%
AEP	New	AMERICAN ELEC PWR CO	$536,803,000	–	12,383	–	0.35%	–
CHT	Sell	CHUNGHWA TELECOM ADR EA REPR 10 ORD TWD10	$474,647,000	-3.9%	15,030	-2.3%	0.31%	-9.6%
UTL	Buy	UNITIL CORP	$440,659,000	+2.7%	15,055	+1.3%	0.29%	-3.4%
KOF	Sell	COCA-COLA FEMSA S.A.B. DE C.V. ADS-EACH REPR 10 SER L COM STK NPV	$365,845,000	-11.5%	2,904	-1.5%	0.24%	-16.8%
VTI	Buy	VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF	$362,432,000	+6.3%	4,135	+0.2%	0.24%	0.0%
MS	Sell	MORGAN STANLEY	$352,667,000	+10.0%	13,086	-0.3%	0.23%	+3.6%
HYG	Buy	ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF	$348,187,000	+6.4%	3,802	+5.6%	0.23%	+0.4%
PPL	Sell	PPL CORP	$291,556,000	-10.5%	9,597	-10.9%	0.19%	-15.6%
HCBK	Sell	HUDSON CITY BANCORP INC	$290,433,000	-9.0%	32,124	-7.6%	0.19%	-14.5%
	New	GALAXY ENTERTAINMENT GROUP LIMITED ORD HKD0.10 ISIN #HK0027032686 SEDOL #6465874	$284,095,000	–	40,500	–	0.18%	–
VOE	New	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS	$256,305,000	–	3,500	–	0.17%	–
EFA	New	ISHARES MSCI EAFE ETF	$252,571,000	–	3,958	–	0.16%	–
CI	New	CIGNA CORP	$246,951,000	–	3,213	–	0.16%	–
MAKO	New	MAKO SURGICAL CORP COM	$236,080,000	–	8,000	–	0.15%	–
EEM	Sell	ISHARES MSCI EMERGING MARKETS ETF	$236,868,000	-16.1%	5,812	-20.7%	0.15%	-21.0%
GBAB	Sell	GUGGENHEIM BUILD AMER BDS MANAGED DURATION TR COM	$235,882,000	-11.4%	11,753	-3.3%	0.15%	-16.3%
JPM	Buy	JPMORGAN CHASE & CO	$230,227,000	+5.0%	4,454	+7.2%	0.15%	-1.3%
GXC	New	SPDR INDEX SHS FDS S&P CHINA ETF	$229,493,000	–	3,100	–	0.15%	–
INGR	Sell	INGREDION INC COM USD0.01	$218,030,000	-4.0%	3,295	-4.8%	0.14%	-9.6%
UTX	New	UNITED TECHNOLOGIES CORP	$200,868,000	–	1,863	–	0.13%	–
EUO	Exit	PROSHARES TR II PROSHARES ULTR	$0	–	-10,450	–	-0.14%	–
PGX	Exit	POWERSHARES EXCH TRADED FD TR	$0	–	-15,100	–	-0.15%	–
	Exit	AMERICAN ELEC PWR CO	$0	–	-12,383	–	-0.38%	–
	Exit	AMERICAN STATES WATER CO	$0	–	-12,100	–	-0.45%	–
TLT	Exit	ISHARES BARCLAYS 20+ YEAR TREA	$0	–	-6,069	–	-0.46%	–
ABV	Exit	COMPANHIA DE BEBIDAS DAS AMERI	$0	–	-18,224	–	-0.47%	–
	Exit	BP PLC ADR (CNV INTO 6 ORD USD	$0	–	-24,361	–	-0.70%	–
	Exit	BANK OF AMERICA CORP	$0	–	-108,580	–	-0.96%	–
	Exit	BOEING CO	$0	–	-14,857	–	-1.05%	–
	Exit	ABBOTT LABORATORIES	$0	–	-48,476	–	-1.17%	–
	Exit	ALLERGAN INC	$0	–	-26,377	–	-1.54%	–
	Exit	AMAZON.COM INC	$0	–	-8,974	–	-1.72%	–

Q2 2013

			Value		Shares		↓ Weighting
MDY	New	SPDR S&P MIDCAP 400 ETF TR UNI	$11,282,638,000	–	53,701	–	7.80%	–
SPY	New	SPDR S&P 500 ETF TRUST UNIT SE	$8,854,481,000	–	55,195	–	6.12%	–
QQQ	New	POWERSHARES QQQ TR UNIT SER 1	$6,200,792,000	–	87,004	–	4.29%	–
CVX	New	CHEVRON CORP NEW	$5,809,585,000	–	49,092	–	4.02%	–
V	New	VISA INC COM CL A	$5,053,085,000	–	27,650	–	3.49%	–
IJJ	New	ISHARES TR S&P MIDCAP 400/ VAL	$4,494,940,000	–	44,385	–	3.11%	–
DEO	New	DIAGEO ADR EACH REPR 4 ORD GBX	$4,464,718,000	–	38,840	–	3.09%	–
IBM	New	INTL BUSINESS MACH	$4,409,367,000	–	23,072	–	3.05%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$4,370,487,000	–	112,380	–	3.02%	–
PEP	New	PEPSICO INC	$3,571,861,000	–	43,671	–	2.47%	–
MCD	New	MCDONALDS CORP	$3,546,923,000	–	35,827	–	2.45%	–
UNP	New	UNION PACIFIC CORP	$3,429,993,000	–	22,232	–	2.37%	–
XOM	New	EXXON MOBIL CORP	$3,425,078,000	–	37,909	–	2.37%	–
TJX	New	TJX COMPANIES INC	$3,421,711,000	–	68,352	–	2.36%	–
IJR	New	ISHARES CORE S&P SMALL-CAP ETF	$3,314,640,000	–	36,702	–	2.29%	–
MO	New	ALTRIA GROUP INC	$3,221,884,000	–	92,080	–	2.23%	–
GIS	New	GENERAL MILLS INC	$2,748,292,000	–	56,630	–	1.90%	–
	New	AMAZON.COM INC	$2,491,990,000	–	8,974	–	1.72%	–
	New	ALLERGAN INC	$2,222,005,000	–	26,377	–	1.54%	–
T	New	AT&T INC COM	$2,222,553,000	–	62,784	–	1.54%	–
ED	New	CONSOLIDATED EDISON HLDG CO IN	$2,140,858,000	–	36,715	–	1.48%	–
VZ	New	VERIZON COMMUNICATIONS	$2,124,297,000	–	42,199	–	1.47%	–
ABBV	New	ABBVIE INC COM USD0.01	$1,966,230,000	–	47,562	–	1.36%	–
	New	ABBOTT LABORATORIES	$1,690,857,000	–	48,476	–	1.17%	–
PM	New	PHILIP MORRIS INTL INC COM	$1,587,147,000	–	18,323	–	1.10%	–
LUK	New	LEUCADIA NATL CORP	$1,540,925,000	–	58,769	–	1.06%	–
	New	BOEING CO	$1,521,998,000	–	14,857	–	1.05%	–
LQD	New	ISHARES IBOXX $ INVESTOP INVES	$1,468,471,000	–	12,921	–	1.02%	–
IJK	New	ISHARES TR S&P MIDCAP 400/GROW	$1,442,909,000	–	11,200	–	1.00%	–
	New	BANK OF AMERICA CORP	$1,396,350,000	–	108,580	–	0.96%	–
UPS	New	UNITED PARCEL SVC INC CL B	$1,375,723,000	–	15,908	–	0.95%	–
TFM	New	THE FRESH MARKET INC COM USD0.	$1,364,167,000	–	27,437	–	0.94%	–
SDRL	New	SEADRILL LTD USD2	$1,256,476,000	–	30,841	–	0.87%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$1,176,217,000	–	10,501	–	0.81%	–
BND	New	VANGUARD BD INDEX FD INC TOTAL	$1,110,886,000	–	13,735	–	0.77%	–
PG	New	PROCTER & GAMBLE CO	$1,095,208,000	–	14,225	–	0.76%	–
DUK	New	DUKE ENERGY CORP COM USD0.001	$1,020,937,000	–	15,125	–	0.71%	–
D	New	DOMINION RESOURCES INC VA NEW	$1,017,816,000	–	17,913	–	0.70%	–
	New	BP PLC ADR (CNV INTO 6 ORD USD	$1,016,828,000	–	24,361	–	0.70%	–
BMY	New	BRISTOL MYERS SQUIBB	$970,130,000	–	21,708	–	0.67%	–
GE	New	GENERAL ELECTRIC CO	$968,526,000	–	41,764	–	0.67%	–
GLD	New	SPDR GOLD TR GOLD SHS	$909,881,000	–	7,639	–	0.63%	–
INTC	New	INTEL CORP	$866,464,000	–	35,760	–	0.60%	–
NEE	New	NEXTERA ENERGY INC COM	$852,362,000	–	10,461	–	0.59%	–
GXP	New	GREAT PLAINS ENERGY INC	$845,250,000	–	37,500	–	0.58%	–
TU	New	TELUS CORP COM ISIN #CA87971M1	$804,768,000	–	27,570	–	0.56%	–
SO	New	SOUTHERN CO	$798,753,000	–	18,100	–	0.55%	–
JNK	New	SPDR SER TR BARCLAYS HIGH YIEL	$795,684,000	–	20,149	–	0.55%	–
JNJ	New	JOHNSON & JOHNSON	$743,453,000	–	8,658	–	0.51%	–
KO	New	COCA COLA CO	$717,367,000	–	17,885	–	0.50%	–
SHY	New	ISHARES BARCLAYS 1-3 YEAR TREA	$703,822,000	–	8,351	–	0.49%	–
ABV	New	COMPANHIA DE BEBIDAS DAS AMERI	$680,673,000	–	18,224	–	0.47%	–
TLT	New	ISHARES BARCLAYS 20+ YEAR TREA	$670,260,000	–	6,069	–	0.46%	–
	New	AMERICAN STATES WATER CO	$649,407,000	–	12,100	–	0.45%	–
MRK	New	MERCK & CO INC NEW COM	$626,006,000	–	13,477	–	0.43%	–
POR	New	PORTLAND GEN ELEC CO COM NEW	$624,036,000	–	20,400	–	0.43%	–
FNFG	New	FIRST NIAGARA FINL GROUP INC N	$594,462,000	–	59,033	–	0.41%	–
UN	New	UNILEVER NV EUR0.16(NEW YORK S	$593,109,000	–	15,088	–	0.41%	–
PFE	New	PFIZER INC	$580,927,000	–	20,740	–	0.40%	–
MSFT	New	MICROSOFT CORP	$577,158,000	–	16,707	–	0.40%	–
	New	AMERICAN ELEC PWR CO	$554,510,000	–	12,383	–	0.38%	–
	New	UNI-PRESIDENT CHINA HOLDINGS L	$516,555,000	–	508,450	–	0.36%	–
CHT	New	CHUNGHWA TELECOM ADR EA REPR 1	$494,012,000	–	15,385	–	0.34%	–
EE	New	EL PASO ELECTRIC COMP NEW	$444,906,000	–	12,600	–	0.31%	–
UTL	New	UNITIL CORP	$429,012,000	–	14,855	–	0.30%	–
DD	New	DU PONT E I DE NEMOURS & CO	$427,980,000	–	8,152	–	0.30%	–
KOF	New	COCA-COLA FEMSA S.A.B. DE C.V.	$413,574,000	–	2,948	–	0.29%	–
CYD	New	CHINA YUCHAI INTERNATIONAL COM	$409,897,000	–	23,250	–	0.28%	–
XEL	New	XCEL ENERGY INC COM	$402,654,000	–	14,208	–	0.28%	–
IFF	New	INTL FLAVORS & FRAGRANCES INC	$398,348,000	–	5,300	–	0.28%	–
WEN	New	WENDYS COMPANY (THE) COM USD0.	$376,973,000	–	64,661	–	0.26%	–
ETR	New	ENTERGY CORP NEW	$369,304,000	–	5,300	–	0.26%	–
VLO	New	VALERO ENERGY CORP	$356,740,000	–	10,260	–	0.25%	–
DOW	New	DOW CHEMICAL CO	$352,422,000	–	10,955	–	0.24%	–
	New	BRILLIANCE CHINA AUTOMOTIVE HL	$347,154,000	–	309,500	–	0.24%	–
JSHLY	New	JARDINE STRATEGIC HLDGS UNSPON	$343,761,000	–	18,940	–	0.24%	–
VTI	New	VANGUARD INDEX FDS VANGUARD TO	$341,013,000	–	4,125	–	0.24%	–
HYG	New	ISHARES TR IBOXX $ HIGH YIELD	$327,349,000	–	3,602	–	0.23%	–
PPL	New	PPL CORP	$325,869,000	–	10,769	–	0.22%	–
MS	New	MORGAN STANLEY	$320,594,000	–	13,123	–	0.22%	–
HCBK	New	HUDSON CITY BANCORP INC	$319,051,000	–	34,774	–	0.22%	–
MGEE	New	MGE ENERGY INC	$317,388,000	–	5,796	–	0.22%	–
	New	KUNLUN ENERGY COMPANY LIMITED	$288,989,000	–	162,900	–	0.20%	–
JMHLY	New	JARDINE MATHESON HLDGS UNSPON	$287,980,000	–	4,760	–	0.20%	–
	New	M1 LIMITED NPV ISIN #SG1U89935	$282,654,000	–	119,100	–	0.20%	–
EEM	New	ISHARES TR MSCI EMERGING MKTS	$282,243,000	–	7,331	–	0.20%	–
GBAB	New	GUGGENHEIM BUILD AMER BDS MANA	$266,150,000	–	12,153	–	0.18%	–
NRK	New	NUVEEN NEW YORK AMT-FREE MUN I	$265,082,000	–	19,961	–	0.18%	–
DFIHY	New	DAIRY FARM INTERNATIONAL HLDGS	$260,917,000	–	4,345	–	0.18%	–
EWH	New	ISHARES INC MSCI HONG KONG IND	$253,801,000	–	13,850	–	0.18%	–
QGEN	New	QIAGEN NV COM EUR0.01	$247,023,000	–	12,407	–	0.17%	–
GOOGL	New	GOOGLE INC CL A	$235,939,000	–	268	–	0.16%	–
PAYX	New	PAYCHEX INC	$231,327,000	–	6,336	–	0.16%	–
INGR	New	INGREDION INC COM USD0.01	$227,045,000	–	3,460	–	0.16%	–
JPM	New	JPMORGAN CHASE & CO	$219,289,000	–	4,154	–	0.15%	–
FTI	New	FMC TECHNOLOGIES INC	$219,991,000	–	3,951	–	0.15%	–
	New	SEMBCORP INDUSTRIES NPV (POST	$217,389,000	–	55,700	–	0.15%	–
PGX	New	POWERSHARES EXCH TRADED FD TR	$215,477,000	–	15,100	–	0.15%	–
NE	New	NOBLE CORPORATION (SWITZERLAND	$214,206,000	–	5,700	–	0.15%	–
FXF	New	CURRENCYSHARES SWISS FRANC TR	$202,644,000	–	1,950	–	0.14%	–
EUO	New	PROSHARES TR II PROSHARES ULTR	$201,580,000	–	10,450	–	0.14%	–

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