TRUSTCO BANK CORP N Y Activity Q2 2001-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$4,682,937	-12.2%	27,353	-0.5%	5.33%	-7.0%
AMAT	Sell	APPLIED MATERIALS INC	$4,578,405	-4.7%	33,069	-0.6%	5.22%	+0.9%
MSFT	Sell	MICROSOFT CORP	$4,466,288	-12.1%	14,145	-5.2%	5.09%	-7.0%
XOM	Sell	EXXON MOBIL CORP	$3,991,023	+6.9%	33,943	-2.5%	4.55%	+13.1%
JPM	Sell	JP MORGAN CHASE & CO	$3,533,993	-1.0%	24,369	-0.7%	4.02%	+4.8%
JNJ	Sell	JOHNSON & JOHNSON	$3,513,572	-7.6%	22,559	-1.8%	4.00%	-2.2%
	Sell	GENERAL ELECTRIC CO	$3,384,497	+0.5%	30,615	-0.1%	3.86%	+6.4%
TRST	Sell	TRUSTCO BANK CORP NY	$3,065,241	-4.8%	112,321	-0.2%	3.49%	+0.8%
ABBV	Sell	ABBVIE INC SR NT	$2,998,791	+9.1%	20,118	-1.3%	3.42%	+15.6%
CVX	Sell	CHEVRON CORP NEW	$2,941,073	+6.1%	17,443	-1.0%	3.35%	+12.3%
PG	Sell	PROCTER & GAMBLE CO	$2,667,637	-6.3%	18,289	-2.5%	3.04%	-0.8%
PEP	Sell	PEPSICO INC	$2,634,792	-10.3%	15,550	-1.9%	3.00%	-5.0%
KO	Sell	COCA COLA CO	$2,577,885	-8.5%	46,050	-1.5%	2.94%	-3.1%
ABT	Sell	ABBOTT LABORATORIES	$2,117,148	-12.8%	21,860	-1.9%	2.41%	-7.7%
INTC	Sell	INTEL CORP	$1,916,755	+4.7%	53,917	-1.5%	2.18%	+10.9%
MCD	Sell	MCDONALDS CORP	$1,745,553	-12.9%	6,626	-1.3%	1.99%	-7.8%
CL	Sell	COLGATE PALMOLIVE CO	$1,468,280	-10.8%	20,648	-3.4%	1.67%	-5.6%
AXP	Buy	AMERICAN EXPRESS CO	$1,437,300	-11.1%	9,634	+3.8%	1.64%	-5.9%
EMR	Sell	EMERSON ELECTRIC CO	$1,346,184	+3.7%	13,940	-3.0%	1.53%	+9.7%
WMT	Buy	WALMART INC	$1,318,947	+2.2%	8,247	+0.4%	1.50%	+8.1%
NKE	Sell	NIKE INC	$1,313,058	-13.9%	13,732	-0.6%	1.50%	-8.8%
CSCO	Buy	CISCO SYSTEMS INC	$1,311,905	+4.1%	24,403	+0.2%	1.49%	+10.2%
DIS	Sell	DISNEY WALT CO	$1,305,318	-10.4%	16,105	-1.3%	1.49%	-5.2%
TXN	Sell	TEXAS INSTRUMENTS INC	$1,237,894	-11.7%	7,785	-0.1%	1.41%	-6.6%
LLY	Sell	ELI LILLY & CO	$1,166,646	+13.7%	2,172	-0.7%	1.33%	+20.4%
SO	Sell	SOUTHERN CO	$1,127,293	-8.4%	17,418	-0.6%	1.28%	-3.0%
MRK	Sell	MERCK & CO INC	$1,107,538	-11.1%	10,758	-0.3%	1.26%	-5.8%
PFE	Sell	PFIZER INC	$1,104,733	-10.0%	33,305	-0.4%	1.26%	-4.7%
ORCL	Sell	ORACLE CORP	$1,091,401	-13.0%	10,304	-2.1%	1.24%	-7.9%
GIS	Sell	GENERAL MILLS INC	$1,067,420	-16.6%	16,681	-0.1%	1.22%	-11.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$963,725	+4.5%	6,869	-0.3%	1.10%	+10.7%
RTX	Sell	RTX CORPORATION	$952,813	-27.7%	13,239	-1.6%	1.08%	-23.4%
TGT	Sell	TARGET CORP	$842,103	-18.3%	7,616	-2.6%	0.96%	-13.5%
MDT	Buy	MEDTRONIC PLCforeign stock	$838,532	-10.8%	10,701	+0.3%	0.96%	-5.5%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$802,575	+9.3%	3,336	-0.1%	0.91%	+15.7%
CVS	Sell	CVS HEALTH CORPORATION	$727,177	-4.3%	10,415	-5.2%	0.83%	+1.3%
	Sell	GE HEALTHCARE TECHNOLOGIES INC	$675,835	-17.2%	9,933	-1.1%	0.77%	-12.3%
UPS	Buy	UNITED PARCEL SERVICE	$611,480	-12.8%	3,923	+0.3%	0.70%	-7.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$610,283	-14.8%	18,830	-2.2%	0.70%	-9.7%
T	Sell	AT&T INC	$580,359	-6.4%	38,639	-0.6%	0.66%	-0.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC	$552,423	+0.4%	1,577	-2.3%	0.63%	+6.2%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$490,960	-10.6%	8,459	-1.4%	0.56%	-5.4%
GOOG	Buy	ALPHABET INC	$480,593	+10.8%	3,645	+1.7%	0.55%	+17.1%
PM	Sell	PHILIP MORRIS INTERNATIONAL INC	$452,161	-5.5%	4,884	-0.3%	0.52%	0.0%
MMM	Buy	3M CO	$439,361	-3.8%	4,693	+2.8%	0.50%	+1.8%
LMT	Sell	LOCKHEED MARTIN CORP	$422,047	-13.3%	1,032	-2.4%	0.48%	-8.2%
NSC	Sell	NORFOLK SOUTHERN CORP	$420,248	-14.8%	2,134	-1.9%	0.48%	-9.8%
QQQ	New	INVESCO QQQ TRmutual fund/sto	$418,818	–	1,169	–	0.48%	–
STT	Buy	STATE STREET CORP	$412,204	-7.9%	6,156	+0.7%	0.47%	-2.5%
DD	Buy	DUPONT DE NEMOURS INC	$336,997	+5.5%	4,519	+1.1%	0.38%	+11.6%
DOW	Buy	DOW INC COM	$300,286	-2.2%	5,825	+1.0%	0.34%	+3.6%
JCI	Sell	JOHNSON CTLS INTL PLC SHSforeign stock	$294,571	-22.5%	5,536	-0.7%	0.34%	-17.8%
EXC	Sell	EXELON CORP	$253,120	-8.4%	6,698	-1.3%	0.29%	-3.0%
MO	Sell	ALTRIA GROUP INC	$245,866	-8.9%	5,847	-1.9%	0.28%	-3.4%
CMCSA	Sell	COMCAST CORP	$217,266	-2.3%	4,900	-8.4%	0.25%	+3.3%
VO	Sell	VANGUARD MID-CAP ETF (MKT)mutual fund/sto	$207,406	-16.4%	996	-11.6%	0.24%	-11.6%
DIA	Buy	SPDR DOW JONES INDUSTRIALmutual fund/sto	$202,646	-2.1%	605	+0.5%	0.23%	+3.6%
SLB	New	SCHLUMBERGER LTDforeign stock	$200,494	–	3,439	–	0.23%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual funds gl	$0	–	-2,965	–	-0.23%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-1,696	–	-0.25%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$5,331,074	–	27,484	–	5.74%	–
MSFT	New	MICROSOFT CORP	$5,081,878	–	14,923	–	5.47%	–
AMAT	New	APPLIED MATERIALS INC	$4,806,678	–	33,255	–	5.17%	–
JNJ	New	JOHNSON & JOHNSON	$3,802,159	–	22,971	–	4.09%	–
XOM	New	EXXON MOBIL CORP	$3,734,561	–	34,821	–	4.02%	–
JPM	New	JP MORGAN CHASE & CO	$3,569,679	–	24,544	–	3.84%	–
	New	GENERAL ELECTRIC CO	$3,366,793	–	30,649	–	3.62%	–
TRST	New	TRUSTCO BANK CORP NY	$3,221,400	–	112,597	–	3.47%	–
PEP	New	PEPSICO INC	$2,935,740	–	15,850	–	3.16%	–
PG	New	PROCTER & GAMBLE CO	$2,847,253	–	18,764	–	3.06%	–
KO	New	COCA COLA CO	$2,816,615	–	46,772	–	3.03%	–
CVX	New	CHEVRON CORP NEW	$2,772,990	–	17,624	–	2.98%	–
ABBV	New	ABBVIE INC SR NT	$2,747,557	–	20,393	–	2.96%	–
ABT	New	ABBOTT LABORATORIES	$2,428,316	–	22,274	–	2.61%	–
MCD	New	MCDONALDS CORP	$2,004,123	–	6,716	–	2.16%	–
INTC	New	INTEL CORP	$1,830,574	–	54,742	–	1.97%	–
CL	New	COLGATE PALMOLIVE CO	$1,646,577	–	21,373	–	1.77%	–
AXP	New	AMERICAN EXPRESS CO	$1,617,272	–	9,284	–	1.74%	–
NKE	New	NIKE INC	$1,525,207	–	13,819	–	1.64%	–
LOW	New	LOWES COMPANIES INC	$1,479,014	–	6,553	–	1.59%	–
DIS	New	DISNEY WALT CO	$1,457,497	–	16,325	–	1.57%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,402,356	–	7,790	–	1.51%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$1,317,464	–	13,449	–	1.42%	–
EMR	New	EMERSON ELECTRIC CO	$1,298,456	–	14,365	–	1.40%	–
WMT	New	WALMART INC	$1,290,920	–	8,213	–	1.39%	–
GIS	New	GENERAL MILLS INC	$1,280,432	–	16,694	–	1.38%	–
CSCO	New	CISCO SYSTEMS INC	$1,260,596	–	24,364	–	1.36%	–
ORCL	New	ORACLE CORP	$1,253,899	–	10,529	–	1.35%	–
MRK	New	MERCK & CO INC	$1,245,174	–	10,791	–	1.34%	–
SO	New	SOUTHERN CO	$1,230,997	–	17,523	–	1.32%	–
PFE	New	PFIZER INC	$1,227,128	–	33,455	–	1.32%	–
TGT	New	TARGET CORP	$1,030,932	–	7,816	–	1.11%	–
LLY	New	ELI LILLY & CO	$1,026,128	–	2,188	–	1.10%	–
MDT	New	MEDTRONIC PLCforeign stock	$940,117	–	10,671	–	1.01%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$921,821	–	6,889	–	0.99%	–
	New	GE HEALTHCARE TECHNOLOGIES INC	$815,738	–	10,041	–	0.88%	–
CVS	New	CVS HEALTH CORPORATION	$759,739	–	10,990	–	0.82%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$734,099	–	3,340	–	0.79%	–
VZ	New	VERIZON COMMUNICATIONS INC	$716,061	–	19,254	–	0.77%	–
UPS	New	UNITED PARCEL SERVICE	$700,870	–	3,910	–	0.75%	–
T	New	AT&T INC	$620,039	–	38,874	–	0.67%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$550,374	–	1,614	–	0.59%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$548,883	–	8,583	–	0.59%	–
MAS	New	MASCO CORP	$546,545	–	9,525	–	0.59%	–
NSC	New	NORFOLK SOUTHERN CORP	$493,202	–	2,175	–	0.53%	–
LMT	New	LOCKHEED MARTIN CORP	$486,624	–	1,057	–	0.52%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$478,338	–	4,900	–	0.52%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$466,763	–	11,474	–	0.50%	–
HD	New	HOME DEPOT INC	$458,194	–	1,475	–	0.49%	–
MMM	New	3M CO	$456,714	–	4,563	–	0.49%	–
STT	New	STATE STREET CORP	$447,570	–	6,116	–	0.48%	–
GOOG	New	ALPHABET INC	$433,677	–	3,585	–	0.47%	–
CAT	New	CATERPILLAR INC	$391,469	–	1,591	–	0.42%	–
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$380,019	–	5,577	–	0.41%	–
ECL	New	ECOLAB INC	$370,580	–	1,985	–	0.40%	–
DD	New	DUPONT DE NEMOURS INC	$319,409	–	4,472	–	0.34%	–
	New	JACOBS SOLUTIONS INC	$317,437	–	2,670	–	0.34%	–
DOW	New	DOW INC COM	$306,994	–	5,765	–	0.33%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$299,530	–	1,000	–	0.32%	–
IJH	New	ISHARES CORE S&P MID-CAP (MKT)mutual fund/sto	$293,119	–	1,121	–	0.32%	–
EXC	New	EXELON CORP	$276,341	–	6,783	–	0.30%	–
MO	New	ALTRIA GROUP INC	$269,945	–	5,959	–	0.29%	–
VO	New	VANGUARD MID-CAP ETF (MKT)mutual fund/sto	$248,121	–	1,127	–	0.27%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BONDmutual fund/gov	$246,656	–	2,140	–	0.26%	–
YUM	New	YUM! BRANDS INC	$234,981	–	1,696	–	0.25%	–
AMZN	New	AMAZON COM INC	$233,996	–	1,795	–	0.25%	–
CME	New	CME GROUP INC	$234,022	–	1,263	–	0.25%	–
CMCSA	New	COMCAST CORP	$222,294	–	5,350	–	0.24%	–
ALL	New	ALLSTATE CORP	$215,463	–	1,976	–	0.23%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual funds gl	$214,963	–	2,965	–	0.23%	–
DIA	New	SPDR DOW JONES INDUSTRIALmutual fund/sto	$206,999	–	602	–	0.22%	–
NVDA	New	NVIDIA CORP	$204,741	–	484	–	0.22%	–

Q4 2022

			Value		Shares		↓ Weighting
MO	Exit	ALTRIA GROUP INC	$0	–	-5,453	–	-0.27%	–
CME	Exit	CME GROUP INC	$0	–	-1,300	–	-0.28%	–
DOW	Exit	DOW INC COM	$0	–	-5,266	–	-0.28%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-4,640	–	-0.29%	–
ALL	Exit	ALLSTATE CORP	$0	–	-2,000	–	-0.30%	–
GOOG	Exit	ALPHABET INC	$0	–	-2,660	–	-0.31%	–
EXC	Exit	EXELON CORP	$0	–	-7,178	–	-0.33%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,200	–	-0.34%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,753	–	-0.35%	–
JCI	Exit	JOHNSON CTLS INTL PLC SHSforeign stock	$0	–	-5,891	–	-0.35%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$0	–	-8,475	–	-0.38%	–
	Exit	JACOBS SOLUTIONS INC	$0	–	-2,970	–	-0.39%	–
ECL	Exit	ECOLAB INC	$0	–	-2,510	–	-0.44%	–
STT	Exit	STATE STREET CORP	$0	–	-6,445	–	-0.48%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,057	–	-0.50%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,485	–	-0.50%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,000	–	-0.51%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,614	–	-0.53%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-2,101	–	-0.54%	–
MAS	Exit	MASCO CORP	$0	–	-9,525	–	-0.54%	–
MMM	Exit	3M CO	$0	–	-5,313	–	-0.72%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-8,847	–	-0.77%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-4,322	–	-0.85%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,210	–	-0.87%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-19,124	–	-0.89%	–
ORCL	Exit	ORACLE CORP	$0	–	-12,058	–	-0.90%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-3,625	–	-1.00%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-7,024	–	-1.02%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-11,171	–	-1.10%	–
T	Exit	AT&T INC	$0	–	-59,136	–	-1.11%	–
MRK	Exit	MERCK & CO INC	$0	–	-10,579	–	-1.11%	–
VIAC	Exit	PARAMOUNT GLOBAL	$0	–	-50,649	–	-1.18%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-14,417	–	-1.29%	–
WMT	Exit	WALMART INC	$0	–	-8,344	–	-1.32%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-11,610	–	-1.35%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-29,141	–	-1.42%	–
TGT	Exit	TARGET CORP	$0	–	-8,023	–	-1.45%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-14,771	–	-1.48%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-9,136	–	-1.50%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-6,653	–	-1.52%	–
NKE	Exit	NIKE INC	$0	–	-15,464	–	-1.57%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-17,284	–	-1.62%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-8,665	–	-1.64%	–
PFE	Exit	PFIZER INC	$0	–	-34,978	–	-1.87%	–
DIS	Exit	DISNEY WALT CO	$0	–	-17,256	–	-1.99%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,474	–	-2.11%	–
INTC	Exit	INTEL CORP	$0	–	-68,800	–	-2.16%	–
SO	Exit	SOUTHERN CO	$0	–	-26,117	–	-2.17%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-29,435	–	-2.22%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-26,723	–	-2.29%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-24,789	–	-2.93%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-19,169	–	-2.95%	–
PEP	Exit	PEPSICO INC	$0	–	-16,401	–	-3.27%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-18,690	–	-3.28%	–
KO	Exit	COCA COLA CO	$0	–	-48,394	–	-3.31%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-27,866	–	-3.56%	–
ABBV	Exit	ABBVIE INC SR NT	$0	–	-22,445	–	-3.68%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-14,388	–	-4.09%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-42,652	–	-4.26%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-111,250	–	-4.27%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-40,059	–	-4.27%	–
AAPL	Exit	APPLE INC	$0	–	-28,645	–	-4.83%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-24,627	–	-4.91%	–

Q3 2022

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$4,023,000	-11.8%	24,627	-4.2%	4.91%	-0.2%
AAPL	Sell	APPLE INC	$3,958,000	-2.3%	28,645	-3.4%	4.83%	+10.6%
XOM	Sell	EXXON MOBIL CORP	$3,498,000	-2.4%	40,059	-4.3%	4.27%	+10.5%
TRST	Sell	TRUSTCO BANK CORP NY	$3,496,000	-24.0%	111,250	-25.4%	4.27%	-13.9%
AMAT	Sell	APPLIED MATERIALS INC	$3,494,000	-11.1%	42,652	-1.3%	4.26%	+0.7%
MSFT	Sell	MICROSOFT CORP	$3,351,000	-11.3%	14,388	-2.2%	4.09%	+0.4%
ABBV	Sell	ABBVIE INC SR NT	$3,013,000	-14.3%	22,445	-2.2%	3.68%	-2.9%
JPM	Sell	JP MORGAN CHASE & CO	$2,912,000	-8.8%	27,866	-1.7%	3.56%	+3.3%
KO	Sell	COCA COLA CO	$2,711,000	-12.0%	48,394	-1.1%	3.31%	-0.3%
CVX	Sell	CHEVRON CORP NEW	$2,685,000	-4.0%	18,690	-3.2%	3.28%	+8.7%
PEP	Sell	PEPSICO INC	$2,678,000	-3.2%	16,401	-1.2%	3.27%	+9.6%
PG	Buy	PROCTER & GAMBLE CO	$2,420,000	-12.2%	19,169	+0.1%	2.95%	-0.5%
ABT	Sell	ABBOTT LABORATORIES	$2,398,000	-12.6%	24,789	-1.8%	2.93%	-1.0%
CL	Sell	COLGATE PALMOLIVE CO	$1,878,000	-14.6%	26,723	-2.6%	2.29%	-3.3%
	Sell	GENERAL ELECTRIC CO	$1,822,000	-3.2%	29,435	-0.5%	2.22%	+9.6%
SO	Sell	SOUTHERN CO	$1,776,000	-5.9%	26,117	-1.4%	2.17%	+6.5%
INTC	Sell	INTEL CORP	$1,773,000	-32.1%	68,800	-1.4%	2.16%	-23.1%
MCD	Sell	MCDONALDS CORP	$1,725,000	-9.4%	7,474	-3.0%	2.11%	+2.6%
DIS	Sell	DISNEY WALT CO	$1,628,000	-1.5%	17,256	-1.4%	1.99%	+11.6%
PFE	Sell	PFIZER INC	$1,531,000	-23.3%	34,978	-8.1%	1.87%	-13.1%
TXN	Sell	TEXAS INSTRUMENTS INC	$1,341,000	-0.4%	8,665	-1.1%	1.64%	+12.8%
GIS	Sell	GENERAL MILLS INC	$1,324,000	+0.9%	17,284	-0.6%	1.62%	+14.2%
NKE	Sell	NIKE INC	$1,286,000	-19.7%	15,464	-1.3%	1.57%	-9.0%
LOW	Buy	LOWES COMPANIES INC	$1,249,000	+9.0%	6,653	+1.3%	1.52%	+23.4%
AXP	Sell	AMERICAN EXPRESS CO	$1,232,000	-7.2%	9,136	-4.7%	1.50%	+5.0%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$1,210,000	-16.8%	14,771	-2.3%	1.48%	-5.8%
TGT	Sell	TARGET CORP	$1,191,000	+4.5%	8,023	-0.6%	1.45%	+18.3%
CSCO	Sell	CISCO SYSTEMS INC	$1,165,000	-6.4%	29,141	-0.1%	1.42%	+6.0%
CVS	Sell	CVS HEALTH CORPORATION	$1,108,000	-0.2%	11,610	-3.1%	1.35%	+13.0%
WMT	Sell	WALMART INC	$1,082,000	+4.2%	8,344	-2.3%	1.32%	+18.1%
EMR	Sell	EMERSON ELECTRIC CO	$1,055,000	-9.4%	14,417	-1.5%	1.29%	+2.6%
MRK	Sell	MERCK & CO INC	$911,000	-12.9%	10,579	-7.7%	1.11%	-1.4%
T	Sell	AT&T INC	$907,000	-27.6%	59,136	-1.1%	1.11%	-18.1%
MDT	Sell	MEDTRONIC PLCforeign stock	$902,000	-10.5%	11,171	-0.5%	1.10%	+1.3%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$835,000	-24.7%	7,024	-10.5%	1.02%	-14.8%
ORCL	Sell	ORACLE CORP	$736,000	-19.4%	12,058	-7.7%	0.90%	-8.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$726,000	-25.9%	19,124	-0.9%	0.89%	-16.2%
LLY	Sell	ELI LILLY & CO	$715,000	-14.1%	2,210	-13.9%	0.87%	-2.7%
UPS	Buy	UNITED PARCEL SERVICE	$698,000	-9.7%	4,322	+2.0%	0.85%	+2.3%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$629,000	-13.4%	8,847	-6.2%	0.77%	-1.9%
NSC	Sell	NORFOLK SOUTHERN CORP	$440,000	-7.9%	2,101	-0.1%	0.54%	+4.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC	$431,000	-2.3%	1,614	-0.1%	0.53%	+10.7%
PM	Sell	PHILIP MORRIS INTERNATIONAL INC	$415,000	-19.6%	5,000	-4.2%	0.51%	-8.8%
HD	Sell	HOME DEPOT INC	$410,000	0.0%	1,485	-0.5%	0.50%	+13.1%
STT	Sell	STATE STREET CORP	$392,000	-5.5%	6,445	-4.4%	0.48%	+7.2%
ECL	Sell	ECOLAB INC	$362,000	-6.5%	2,510	-0.4%	0.44%	+6.0%
	New	JACOBS SOLUTIONS INC	$322,000	–	2,970	–	0.39%	–
VWO	Sell	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$309,000	-24.1%	8,475	-13.3%	0.38%	-14.1%
JCI	Sell	JOHNSON CTLS INTL PLC SHSforeign stock	$290,000	-2.7%	5,891	-5.4%	0.35%	+10.3%
CAT	Sell	CATERPILLAR INC	$288,000	-17.7%	1,753	-10.2%	0.35%	-6.6%
EXC	Sell	EXELON CORP	$268,000	-20.9%	7,178	-4.0%	0.33%	-10.7%
GOOG	Buy	ALPHABET INC	$256,000	-8.6%	2,660	+1978.1%	0.31%	+3.6%
ALL	Sell	ALLSTATE CORP	$249,000	-10.4%	2,000	-9.1%	0.30%	+1.3%
DD	Sell	DUPONT DE NEMOURS INC	$234,000	-11.7%	4,640	-2.8%	0.29%	0.0%
DOW	Sell	DOW INC COM	$231,000	-16.9%	5,266	-2.5%	0.28%	-6.0%
MO	Sell	ALTRIA GROUP INC	$220,000	-6.4%	5,453	-3.3%	0.27%	+6.3%
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-13,301	–	-0.08%	–
CMCSA	Exit	COMCAST CORP	$0	–	-5,833	–	-0.25%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual funds gl	$0	–	-3,729	–	-0.25%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-2,246	–	-0.28%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-2,970	–	-0.41%	–

Q2 2022

			Value		Shares		↓ Weighting
TRST	New	TRUSTCO BANK CORP NY	$4,598,000	–	149,082	–	4.96%	–
JNJ	New	JOHNSON & JOHNSON	$4,562,000	–	25,703	–	4.92%	–
AAPL	New	APPLE INC	$4,053,000	–	29,645	–	4.37%	–
AMAT	New	APPLIED MATERIALS INC	$3,930,000	–	43,202	–	4.24%	–
MSFT	New	MICROSOFT CORP	$3,780,000	–	14,717	–	4.08%	–
XOM	New	EXXON MOBIL CORP	$3,585,000	–	41,856	–	3.86%	–
ABBV	New	ABBVIE INC SR NT	$3,514,000	–	22,939	–	3.79%	–
JPM	New	JP MORGAN CHASE & CO	$3,193,000	–	28,359	–	3.44%	–
KO	New	COCA COLA CO	$3,079,000	–	48,944	–	3.32%	–
CVX	New	CHEVRON CORP NEW	$2,796,000	–	19,315	–	3.02%	–
PEP	New	PEPSICO INC	$2,766,000	–	16,601	–	2.98%	–
PG	New	PROCTER & GAMBLE CO	$2,755,000	–	19,158	–	2.97%	–
ABT	New	ABBOTT LABORATORIES	$2,743,000	–	25,245	–	2.96%	–
INTC	New	INTEL CORP	$2,610,000	–	69,764	–	2.81%	–
CL	New	COLGATE PALMOLIVE CO	$2,198,000	–	27,428	–	2.37%	–
PFE	New	PFIZER INC	$1,995,000	–	38,042	–	2.15%	–
MCD	New	MCDONALDS CORP	$1,903,000	–	7,709	–	2.05%	–
SO	New	SOUTHERN CO	$1,888,000	–	26,478	–	2.04%	–
	New	GENERAL ELECTRIC CO	$1,882,000	–	29,572	–	2.03%	–
DIS	New	DISNEY WALT CO	$1,652,000	–	17,506	–	1.78%	–
NKE	New	NIKE INC	$1,601,000	–	15,664	–	1.73%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$1,454,000	–	15,123	–	1.57%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,346,000	–	8,760	–	1.45%	–
AXP	New	AMERICAN EXPRESS CO	$1,328,000	–	9,586	–	1.43%	–
GIS	New	GENERAL MILLS INC	$1,312,000	–	17,384	–	1.42%	–
T	New	AT&T INC	$1,253,000	–	59,776	–	1.35%	–
VIAC	New	PARAMOUNT GLOBAL	$1,250,000	–	50,649	–	1.35%	–
CSCO	New	CISCO SYSTEMS INC	$1,244,000	–	29,164	–	1.34%	–
EMR	New	EMERSON ELECTRIC CO	$1,164,000	–	14,630	–	1.26%	–
LOW	New	LOWES COMPANIES INC	$1,146,000	–	6,565	–	1.24%	–
TGT	New	TARGET CORP	$1,140,000	–	8,073	–	1.23%	–
CVS	New	CVS HEALTH CORPORATION	$1,110,000	–	11,977	–	1.20%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,109,000	–	7,849	–	1.20%	–
MRK	New	MERCK & CO INC	$1,046,000	–	11,466	–	1.13%	–
WMT	New	WALMART INC	$1,038,000	–	8,544	–	1.12%	–
MDT	New	MEDTRONIC PLCforeign stock	$1,008,000	–	11,232	–	1.09%	–
VZ	New	VERIZON COMMUNICATIONS INC	$980,000	–	19,304	–	1.06%	–
ORCL	New	ORACLE CORP	$913,000	–	13,060	–	0.98%	–
LLY	New	ELI LILLY & CO	$832,000	–	2,566	–	0.90%	–
UPS	New	UNITED PARCEL SERVICE	$773,000	–	4,237	–	0.83%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$761,000	–	3,625	–	0.82%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$726,000	–	9,428	–	0.78%	–
MMM	New	3M CO	$688,000	–	5,313	–	0.74%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$516,000	–	5,219	–	0.56%	–
MAS	New	MASCO CORP	$482,000	–	9,525	–	0.52%	–
NSC	New	NORFOLK SOUTHERN CORP	$478,000	–	2,103	–	0.52%	–
LMT	New	LOCKHEED MARTIN CORP	$454,000	–	1,057	–	0.49%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$441,000	–	1,616	–	0.48%	–
STT	New	STATE STREET CORP	$415,000	–	6,745	–	0.45%	–
HD	New	HOME DEPOT INC	$410,000	–	1,493	–	0.44%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$407,000	–	9,775	–	0.44%	–
ECL	New	ECOLAB INC	$387,000	–	2,520	–	0.42%	–
J	New	JACOBS ENGINEERING GROUP INC	$378,000	–	2,970	–	0.41%	–
CAT	New	CATERPILLAR INC	$350,000	–	1,953	–	0.38%	–
EXC	New	EXELON CORP	$339,000	–	7,478	–	0.37%	–
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$298,000	–	6,228	–	0.32%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$289,000	–	1,200	–	0.31%	–
GOOG	New	ALPHABET INC	$280,000	–	128	–	0.30%	–
DOW	New	DOW INC COM	$278,000	–	5,399	–	0.30%	–
ALL	New	ALLSTATE CORP	$278,000	–	2,200	–	0.30%	–
CME	New	CME GROUP INC	$266,000	–	1,300	–	0.29%	–
DD	New	DUPONT DE NEMOURS INC	$265,000	–	4,773	–	0.29%	–
YUM	New	YUM! BRANDS INC	$255,000	–	2,246	–	0.28%	–
MO	New	ALTRIA GROUP INC	$235,000	–	5,641	–	0.25%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual funds gl	$233,000	–	3,729	–	0.25%	–
CMCSA	New	COMCAST CORP	$229,000	–	5,833	–	0.25%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$79,000	–	13,301	–	0.08%	–

Q4 2021

			Value		Shares		↓ Weighting
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-13,701	–	-0.11%	–
VBR	Exit	VANGUARD SMALL CAP VALUE ETFmutual fund/sto	$0	–	-1,348	–	-0.21%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,416	–	-0.23%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-2,174	–	-0.25%	–
CME	Exit	CME GROUP INC	$0	–	-1,400	–	-0.25%	–
ALL	Exit	ALLSTATE CORP	$0	–	-2,250	–	-0.27%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-1,632	–	-0.27%	–
C	Exit	CITIGROUP INC	$0	–	-4,138	–	-0.27%	–
BYND	Exit	BEYOND MEAT INC	$0	–	-2,850	–	-0.28%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,200	–	-0.29%	–
CMCSA	Exit	COMCAST CORP	$0	–	-5,833	–	-0.30%	–
DOW	Exit	DOW INC COM	$0	–	-6,033	–	-0.32%	–
GOOG	Exit	ALPHABET INC	$0	–	-132	–	-0.33%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,060	–	-0.34%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,963	–	-0.35%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-5,604	–	-0.36%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual funds gl	$0	–	-5,004	–	-0.36%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-3,220	–	-0.40%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,616	–	-0.41%	–
EXC	Exit	EXELON CORP	$0	–	-9,288	–	-0.42%	–
JCI	Exit	JOHNSON CTLS INTL PLC SHSforeign stock	$0	–	-6,658	–	-0.42%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,485	–	-0.45%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,219	–	-0.46%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-2,103	–	-0.47%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$0	–	-10,125	–	-0.47%	–
ECL	Exit	ECOLAB INC	$0	–	-2,650	–	-0.52%	–
STT	Exit	STATE STREET CORP	$0	–	-6,825	–	-0.54%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,556	–	-0.55%	–
MAS	Exit	MASCO CORP	$0	–	-10,800	–	-0.56%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-10,521	–	-0.58%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-4,275	–	-0.73%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-4,185	–	-0.78%	–
MRK	Exit	MERCK & CO INC	$0	–	-11,885	–	-0.83%	–
MMM	Exit	3M CO	$0	–	-5,389	–	-0.88%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-11,867	–	-0.94%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-18,389	–	-1.02%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-20,810	–	-1.05%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-8,509	–	-1.10%	–
WMT	Exit	WALMART INC	$0	–	-8,765	–	-1.14%	–
ORCL	Exit	ORACLE CORP	$0	–	-14,713	–	-1.20%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-6,693	–	-1.27%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-14,680	–	-1.29%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-16,447	–	-1.32%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-11,909	–	-1.39%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-30,192	–	-1.53%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-8,925	–	-1.60%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-10,300	–	-1.61%	–
SO	Exit	SOUTHERN CO	$0	–	-27,895	–	-1.61%	–
PFE	Exit	PFIZER INC	$0	–	-41,567	–	-1.67%	–
TGT	Exit	TARGET CORP	$0	–	-8,123	–	-1.73%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,772	–	-1.75%	–
VIAC	Exit	VIACOMCBS INC	$0	–	-50,649	–	-1.86%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-27,294	–	-1.92%	–
NKE	Exit	NIKE INC	$0	–	-17,184	–	-2.33%	–
T	Exit	AT&T INC	$0	–	-94,807	–	-2.39%	–
ABBV	Exit	ABBVIE INC SR NT	$0	–	-23,869	–	-2.40%	–
PEP	Exit	PEPSICO INC	$0	–	-17,509	–	-2.45%	–
KO	Exit	COCA COLA CO	$0	–	-50,774	–	-2.48%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-46,450	–	-2.55%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-26,975	–	-2.55%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-20,412	–	-2.66%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-25,825	–	-2.84%	–
DIS	Exit	DISNEY WALT CO	$0	–	-18,169	–	-2.86%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-30,519	–	-2.93%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-113,770	–	-3.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,552	–	-4.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-16,083	–	-4.23%	–
AAPL	Exit	APPLE INC	$0	–	-32,461	–	-4.28%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-29,345	–	-4.48%	–
INTC	Exit	INTEL CORP	$0	–	-91,751	–	-4.56%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-44,753	–	-5.37%	–

Q3 2021

			Value		Shares		↓ Weighting
AMAT	Buy	APPLIED MATERIALS INC	$5,762,000	-9.0%	44,753	+0.7%	5.37%	-5.7%
INTC	Sell	INTEL CORP	$4,888,000	-5.9%	91,751	-0.8%	4.56%	-2.5%
JPM	Sell	JP MORGAN CHASE & CO	$4,804,000	+1.5%	29,345	-3.6%	4.48%	+5.2%
AAPL	Sell	APPLE INC	$4,593,000	-0.4%	32,461	-3.6%	4.28%	+3.2%
MSFT	Buy	MICROSOFT CORP	$4,534,000	+6.1%	16,083	+2.0%	4.23%	+10.0%
JNJ	Buy	JOHNSON & JOHNSON	$4,288,000	-1.7%	26,552	+0.3%	4.00%	+1.9%
TRST	Sell	TRUSTCO BANK CORP NY	$3,638,000	-12.9%	113,770	-6.3%	3.39%	-9.7%
	New	GENERAL ELECTRIC CO	$3,145,000	–	30,519	–	2.93%	–
DIS	Sell	DISNEY WALT CO	$3,073,000	-6.9%	18,169	-3.2%	2.86%	-3.5%
ABT	Sell	ABBOTT LABORATORIES	$3,051,000	-2.3%	25,825	-4.2%	2.84%	+1.2%
PG	Sell	PROCTER & GAMBLE CO	$2,854,000	+3.1%	20,412	-0.5%	2.66%	+6.8%
CVX	Buy	CHEVRON CORP NEW	$2,737,000	-2.8%	26,975	+0.4%	2.55%	+0.8%
XOM	Sell	EXXON MOBIL CORP	$2,732,000	-7.6%	46,450	-1.0%	2.55%	-4.3%
KO	Sell	COCA COLA CO	$2,664,000	-3.7%	50,774	-0.7%	2.48%	-0.2%
PEP	Sell	PEPSICO INC	$2,633,000	+1.3%	17,509	-0.1%	2.45%	+5.0%
ABBV	Buy	ABBVIE INC SR NT	$2,574,000	-4.0%	23,869	+0.3%	2.40%	-0.5%
T	Sell	AT&T INC	$2,561,000	-6.8%	94,807	-0.8%	2.39%	-3.5%
NKE	Buy	NIKE INC	$2,496,000	-2.2%	17,184	+4.0%	2.33%	+1.4%
CL	Buy	COLGATE PALMOLIVE CO	$2,063,000	-6.7%	27,294	+0.4%	1.92%	-3.4%
TGT	Buy	TARGET CORP	$1,858,000	-3.0%	8,123	+2.5%	1.73%	+0.5%
PFE	Sell	PFIZER INC	$1,788,000	+5.9%	41,567	-3.6%	1.67%	+9.7%
SO	Buy	SOUTHERN CO	$1,729,000	+2.7%	27,895	+0.2%	1.61%	+6.4%
AXP	Buy	AMERICAN EXPRESS CO	$1,726,000	+1.6%	10,300	+0.2%	1.61%	+5.4%
CSCO	Sell	CISCO SYSTEMS INC	$1,643,000	+2.4%	30,192	-0.3%	1.53%	+6.0%
MDT	Buy	MEDTRONIC PLCforeign stock	$1,493,000	+1.6%	11,909	+0.6%	1.39%	+5.3%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$1,414,000	+1.8%	16,447	+1.0%	1.32%	+5.5%
EMR	Buy	EMERSON ELECTRIC CO	$1,383,000	-2.0%	14,680	+0.1%	1.29%	+1.6%
LOW	Sell	LOWES COMPANIES INC	$1,358,000	+2.2%	6,693	-2.3%	1.27%	+5.9%
ORCL	Sell	ORACLE CORP	$1,282,000	+11.2%	14,713	-0.7%	1.20%	+15.2%
WMT	Sell	WALMART INC	$1,222,000	-3.2%	8,765	-2.0%	1.14%	+0.4%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$1,182,000	-3.0%	8,509	+2.4%	1.10%	+0.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,124,000	-8.4%	20,810	-5.0%	1.05%	-5.1%
GIS	Sell	GENERAL MILLS INC	$1,100,000	-3.6%	18,389	-1.9%	1.02%	-0.1%
MRK	Buy	MERCK & CO INC	$892,000	-2.8%	11,885	+0.6%	0.83%	+0.6%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$837,000	-2.8%	4,185	-3.5%	0.78%	+0.8%
UPS	Buy	UNITED PARCEL SERVICE	$779,000	-10.3%	4,275	+2.4%	0.73%	-7.0%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$622,000	-17.9%	10,521	-7.3%	0.58%	-15.0%
STT	Buy	STATE STREET CORP	$578,000	+6.1%	6,825	+3.0%	0.54%	+10.0%
VWO	Sell	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$506,000	-14.5%	10,125	-7.0%	0.47%	-11.3%
PM	Buy	PHILIP MORRIS INTERNATIONAL INC	$495,000	-0.6%	5,219	+4.0%	0.46%	+2.9%
HD	Buy	HOME DEPOT INC	$487,000	+6.3%	1,485	+3.5%	0.45%	+10.2%
JCI	Buy	JOHNSON CTLS INTL PLC SHSforeign stock	$454,000	+2.5%	6,658	+3.2%	0.42%	+6.3%
EXC	Sell	EXELON CORP	$449,000	+7.9%	9,288	-1.1%	0.42%	+12.0%
J	Buy	JACOBS ENGINEERING GROUP INC	$427,000	+2.6%	3,220	+3.2%	0.40%	+6.4%
EFA	Sell	ISHARES MSCI EAFE (MKT)mutual funds gl	$390,000	-11.2%	5,004	-10.1%	0.36%	-7.8%
DD	Sell	DUPONT DE NEMOURS INC	$381,000	-14.6%	5,604	-2.9%	0.36%	-11.5%
LMT	Buy	LOCKHEED MARTIN CORP	$366,000	-8.5%	1,060	+0.3%	0.34%	-5.3%
GOOG	Buy	ALPHABET INC	$352,000	+53.0%	132	+43.5%	0.33%	+58.5%
DOW	Sell	DOW INC COM	$347,000	-11.0%	6,033	-2.0%	0.32%	-8.0%
CMCSA	Buy	COMCAST CORP	$326,000	-1.5%	5,833	+0.6%	0.30%	+2.0%
BYND	New	BEYOND MEAT INC	$300,000	–	2,850	–	0.28%	–
C	Buy	CITIGROUP INC	$290,000	-0.3%	4,138	+0.5%	0.27%	+3.1%
ALL	Sell	ALLSTATE CORP	$286,000	-4.7%	2,250	-2.2%	0.27%	-1.1%
YUM	Buy	YUM! BRANDS INC	$265,000	+6.4%	2,174	+0.4%	0.25%	+10.3%
MO	Buy	ALTRIA GROUP INC	$246,000	+2.9%	5,416	+8.0%	0.23%	+6.5%
NLY	Buy	ANNALY CAPITAL MANAGEMENT INC	$116,000	+3.6%	13,701	+8.7%	0.11%	+6.9%
PLL	Exit	PIEDMONT LITHIUM INC	$0	–	-3,700	–	-0.26%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,151	–	-0.52%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-255,386	–	-3.09%	–

Q2 2021

			Value		Shares		↓ Weighting
AMAT	New	APPLIED MATERIALS INC	$6,330,000	–	44,453	–	5.69%	–
INTC	New	INTEL CORP	$5,195,000	–	92,533	–	4.67%	–
JPM	New	JP MORGAN CHASE & CO	$4,734,000	–	30,433	–	4.26%	–
AAPL	New	APPLE INC	$4,610,000	–	33,660	–	4.15%	–
JNJ	New	JOHNSON & JOHNSON	$4,361,000	–	26,477	–	3.92%	–
MSFT	New	MICROSOFT CORP	$4,272,000	–	15,768	–	3.84%	–
TRST	New	TRUSTCO BANK CORP NY	$4,176,000	–	121,438	–	3.76%	–
GE	New	GENERAL ELECTRIC CO	$3,438,000	–	255,386	–	3.09%	–
DIS	New	DISNEY WALT CO	$3,300,000	–	18,774	–	2.97%	–
ABT	New	ABBOTT LABORATORIES	$3,124,000	–	26,945	–	2.81%	–
XOM	New	EXXON MOBIL CORP	$2,958,000	–	46,900	–	2.66%	–
CVX	New	CHEVRON CORP NEW	$2,815,000	–	26,875	–	2.53%	–
PG	New	PROCTER & GAMBLE CO	$2,768,000	–	20,512	–	2.49%	–
KO	New	COCA COLA CO	$2,767,000	–	51,128	–	2.49%	–
T	New	AT&T INC	$2,749,000	–	95,539	–	2.47%	–
ABBV	New	ABBVIE INC SR NT	$2,681,000	–	23,797	–	2.41%	–
PEP	New	PEPSICO INC	$2,598,000	–	17,530	–	2.34%	–
NKE	New	NIKE INC	$2,553,000	–	16,525	–	2.30%	–
VIAC	New	VIACOMCBS INC	$2,289,000	–	50,649	–	2.06%	–
CL	New	COLGATE PALMOLIVE CO	$2,212,000	–	27,194	–	1.99%	–
TGT	New	TARGET CORP	$1,916,000	–	7,923	–	1.72%	–
MCD	New	MCDONALDS CORP	$1,795,000	–	7,772	–	1.62%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,716,000	–	8,925	–	1.54%	–
AXP	New	AMERICAN EXPRESS CO	$1,698,000	–	10,275	–	1.53%	–
PFE	New	PFIZER INC	$1,689,000	–	43,132	–	1.52%	–
SO	New	SOUTHERN CO	$1,684,000	–	27,845	–	1.52%	–
CSCO	New	CISCO SYSTEMS INC	$1,605,000	–	30,291	–	1.44%	–
MDT	New	MEDTRONIC PLCforeign stock	$1,470,000	–	11,842	–	1.32%	–
EMR	New	EMERSON ELECTRIC CO	$1,411,000	–	14,662	–	1.27%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$1,389,000	–	16,279	–	1.25%	–
LOW	New	LOWES COMPANIES INC	$1,329,000	–	6,853	–	1.20%	–
WMT	New	WALMART INC	$1,262,000	–	8,945	–	1.14%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,227,000	–	21,905	–	1.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,218,000	–	8,309	–	1.10%	–
ORCL	New	ORACLE CORP	$1,153,000	–	14,813	–	1.04%	–
GIS	New	GENERAL MILLS INC	$1,141,000	–	18,739	–	1.03%	–
MMM	New	3M CO	$1,070,000	–	5,389	–	0.96%	–
CVS	New	CVS HEALTH CORPORATION	$990,000	–	11,867	–	0.89%	–
MRK	New	MERCK & CO INC	$918,000	–	11,813	–	0.83%	–
UPS	New	UNITED PARCEL SERVICE	$868,000	–	4,175	–	0.78%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$861,000	–	4,335	–	0.77%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$758,000	–	11,347	–	0.68%	–
MAS	New	MASCO CORP	$636,000	–	10,800	–	0.57%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$592,000	–	10,890	–	0.53%	–
LLY	New	ELI LILLY & CO	$586,000	–	2,556	–	0.53%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$581,000	–	1,151	–	0.52%	–
NSC	New	NORFOLK SOUTHERN CORP	$558,000	–	2,103	–	0.50%	–
ECL	New	ECOLAB INC	$546,000	–	2,650	–	0.49%	–
STT	New	STATE STREET CORP	$545,000	–	6,625	–	0.49%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$498,000	–	5,019	–	0.45%	–
HD	New	HOME DEPOT INC	$458,000	–	1,435	–	0.41%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$449,000	–	1,616	–	0.40%	–
DD	New	DUPONT DE NEMOURS INC	$446,000	–	5,770	–	0.40%	–
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$443,000	–	6,450	–	0.40%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual funds gl	$439,000	–	5,564	–	0.40%	–
CAT	New	CATERPILLAR INC	$427,000	–	1,963	–	0.38%	–
EXC	New	EXELON CORP	$416,000	–	9,388	–	0.37%	–
J	New	JACOBS ENGINEERING GROUP INC	$416,000	–	3,120	–	0.37%	–
LMT	New	LOCKHEED MARTIN CORP	$400,000	–	1,057	–	0.36%	–
DOW	New	DOW INC COM	$390,000	–	6,157	–	0.35%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$345,000	–	1,200	–	0.31%	–
SWK	New	STANLEY BLACK & DECKER INC	$335,000	–	1,632	–	0.30%	–
CMCSA	New	COMCAST CORP	$331,000	–	5,800	–	0.30%	–
ALL	New	ALLSTATE CORP	$300,000	–	2,300	–	0.27%	–
CME	New	CME GROUP INC	$298,000	–	1,400	–	0.27%	–
C	New	CITIGROUP INC	$291,000	–	4,118	–	0.26%	–
PLL	New	PIEDMONT LITHIUM INC	$289,000	–	3,700	–	0.26%	–
YUM	New	YUM! BRANDS INC	$249,000	–	2,166	–	0.22%	–
MO	New	ALTRIA GROUP INC	$239,000	–	5,016	–	0.22%	–
VBR	New	VANGUARD SMALL CAP VALUE ETFmutual fund/sto	$234,000	–	1,348	–	0.21%	–
GOOG	New	ALPHABET INC	$230,000	–	92	–	0.21%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$112,000	–	12,600	–	0.10%	–

Q4 2020

			Value		Shares		↓ Weighting
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-13,850	–	-0.12%	–
C	Exit	CITIGROUP INC	$0	–	-4,718	–	-0.24%	–
AMGN	Exit	AMGEN INC	$0	–	-800	–	-0.24%	–
ALL	Exit	ALLSTATE CORP	$0	–	-2,300	–	-0.26%	–
CME	Exit	CME GROUP INC	$0	–	-1,400	–	-0.28%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,763	–	-0.31%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-1,632	–	-0.32%	–
CMCSA	Exit	COMCAST CORP	$0	–	-5,800	–	-0.32%	–
JCI	Exit	JOHNSON CTLS INTL PLC SHSforeign stock	$0	–	-6,782	–	-0.33%	–
DOW	Exit	DOW INC COM	$0	–	-6,459	–	-0.36%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-4,742	–	-0.37%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-3,620	–	-0.40%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,616	–	-0.41%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-6,330	–	-0.42%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-68,342	–	-0.42%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,571	–	-0.45%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,302	–	-0.47%	–
EXC	Exit	EXELON CORP	$0	–	-11,188	–	-0.48%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,057	–	-0.48%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,400	–	-0.50%	–
STT	Exit	STATE STREET CORP	$0	–	-7,375	–	-0.52%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,635	–	-0.54%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual funds gl	$0	–	-7,289	–	-0.55%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-2,203	–	-0.56%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,151	–	-0.60%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$0	–	-12,770	–	-0.66%	–
ECL	Exit	ECOLAB INC	$0	–	-2,883	–	-0.68%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-4,435	–	-0.74%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-11,459	–	-0.82%	–
MAS	Exit	MASCO CORP	$0	–	-12,800	–	-0.84%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-4,631	–	-0.92%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-15,383	–	-1.05%	–
ORCL	Exit	ORACLE CORP	$0	–	-16,222	–	-1.15%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-10,075	–	-1.20%	–
T	Exit	AT&T INC	$0	–	-35,586	–	-1.21%	–
MMM	Exit	3M CO	$0	–	-6,439	–	-1.23%	–
MRK	Exit	MERCK & CO INC	$0	–	-12,562	–	-1.24%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-8,784	–	-1.27%	–
PFE	Exit	PFIZER INC	$0	–	-30,282	–	-1.32%	–
TGT	Exit	TARGET CORP	$0	–	-7,856	–	-1.47%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-31,741	–	-1.49%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-17,632	–	-1.51%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-8,103	–	-1.60%	–
WMT	Exit	WALMART INC	$0	–	-9,745	–	-1.62%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-13,477	–	-1.67%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-9,925	–	-1.69%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-24,577	–	-1.74%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,672	–	-1.74%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-24,475	–	-1.80%	–
SO	Exit	SOUTHERN CO	$0	–	-27,945	–	-1.80%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-50,852	–	-2.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-301,381	–	-2.23%	–
ABBV	Exit	ABBVIE INC SR NT	$0	–	-27,149	–	-2.83%	–
PEP	Exit	PEPSICO INC	$0	–	-18,128	–	-2.99%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-32,833	–	-3.01%	–
NKE	Exit	NIKE INC	$0	–	-21,350	–	-3.19%	–
DIS	Exit	DISNEY WALT CO	$0	–	-23,066	–	-3.40%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-20,598	–	-3.41%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-48,300	–	-3.42%	–
KO	Exit	COCA COLA CO	$0	–	-58,406	–	-3.43%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-32,089	–	-3.68%	–
INTC	Exit	INTEL CORP	$0	–	-66,692	–	-4.11%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-31,918	–	-4.13%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,070	–	-4.80%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-19,352	–	-4.84%	–
AAPL	Exit	APPLE INC	$0	–	-43,816	–	-6.04%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$5,074,000	+26.8%	43,816	+299.5%	6.04%	+18.7%
MSFT	Sell	MICROSOFT CORP	$4,070,000	+2.6%	19,352	-0.8%	4.84%	-3.9%
ABT	Sell	ABBOTT LABORATORIES	$3,474,000	+17.6%	31,918	-1.2%	4.13%	+10.1%
INTC	Sell	INTEL CORP	$3,453,000	-13.7%	66,692	-0.3%	4.11%	-19.2%
JPM	Sell	JP MORGAN CHASE & CO	$3,089,000	+0.8%	32,089	-1.5%	3.68%	-5.7%
AMAT	Sell	APPLIED MATERIALS INC	$2,871,000	-2.7%	48,300	-1.0%	3.42%	-8.9%
PG	Sell	PROCTER & GAMBLE CO	$2,863,000	+15.4%	20,598	-0.7%	3.41%	+8.1%
NKE	Sell	NIKE INC	$2,681,000	+24.0%	21,350	-3.2%	3.19%	+16.1%
CL	Buy	COLGATE PALMOLIVE CO	$2,533,000	+121.4%	32,833	+110.2%	3.01%	+107.3%
ABBV	Sell	ABBVIE INC SR NT	$2,378,000	-11.1%	27,149	-0.4%	2.83%	-16.8%
GE	Sell	GENERAL ELECTRIC CO	$1,877,000	-10.0%	301,381	-1.3%	2.23%	-15.7%
XOM	Sell	EXXON MOBIL CORP	$1,745,000	-23.7%	50,852	-0.6%	2.08%	-28.6%
SO	Buy	SOUTHERN CO	$1,515,000	+5.6%	27,945	+1.1%	1.80%	-1.0%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,462,000	+9.7%	24,577	+1.7%	1.74%	+2.7%
MDT	Sell	MEDTRONIC PLCforeign stock	$1,401,000	+12.4%	13,477	-0.7%	1.67%	+5.3%
CVX	Sell	CHEVRON CORP NEW	$1,270,000	-20.2%	17,632	-1.1%	1.51%	-25.3%
TGT	Sell	TARGET CORP	$1,237,000	+23.5%	7,856	-6.0%	1.47%	+15.6%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,069,000	-4.2%	8,784	-4.9%	1.27%	-10.3%
MMM	Sell	3M CO	$1,031,000	+1.9%	6,439	-0.8%	1.23%	-4.6%
T	Buy	AT&T INC	$1,015,000	-4.2%	35,586	+1.4%	1.21%	-10.3%
UPS	Sell	UNITED PARCEL SERVICE	$771,000	+43.6%	4,631	-4.1%	0.92%	+34.5%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$691,000	+5.3%	11,459	+2.8%	0.82%	-1.4%
ECL	Sell	ECOLAB INC	$576,000	-1.4%	2,883	-1.7%	0.68%	-7.7%
VWO	Sell	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$552,000	+4.0%	12,770	-4.7%	0.66%	-2.7%
LLY	Buy	ELI LILLY & CO	$380,000	-2.3%	2,571	+8.4%	0.45%	-8.5%
DD	Sell	DUPONT DE NEMOURS INC	$352,000	+1.1%	6,330	-3.5%	0.42%	-5.2%
EMR	Buy	EMERSON ELECTRIC CO	$311,000	+15.6%	4,742	+9.2%	0.37%	+8.2%
DOW	Sell	DOW INC COM	$304,000	+13.4%	6,459	-1.8%	0.36%	+6.2%
JCI	Sell	JOHNSON CTLS INTL PLC SHSforeign stock	$277,000	+11.7%	6,782	-6.9%	0.33%	+4.8%
CAT	New	CATERPILLAR INC	$263,000	–	1,763	–	0.31%	–
ALL	Sell	ALLSTATE CORP	$217,000	-6.5%	2,300	-4.2%	0.26%	-12.5%
AMGN	New	AMGEN INC	$203,000	–	800	–	0.24%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,100	–	-0.26%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$4,002,000	–	10,969	–	5.08%	–
INTC	New	INTEL CORP	$4,000,000	–	66,862	–	5.08%	–
MSFT	New	MICROSOFT CORP	$3,968,000	–	19,500	–	5.04%	–
JNJ	New	JOHNSON & JOHNSON	$3,806,000	–	27,070	–	4.84%	–
JPM	New	JP MORGAN CHASE & CO	$3,066,000	–	32,589	–	3.90%	–
ABT	New	ABBOTT LABORATORIES	$2,955,000	–	32,319	–	3.76%	–
AMAT	New	APPLIED MATERIALS INC	$2,950,000	–	48,802	–	3.75%	–
ABBV	New	ABBVIE INC SR NT	$2,676,000	–	27,250	–	3.40%	–
KO	New	COCA COLA CO	$2,610,000	–	58,406	–	3.32%	–
DIS	New	DISNEY WALT CO	$2,572,000	–	23,066	–	3.27%	–
PG	New	PROCTER & GAMBLE CO	$2,481,000	–	20,748	–	3.15%	–
PEP	New	PEPSICO INC	$2,398,000	–	18,128	–	3.05%	–
XOM	New	EXXON MOBIL CORP	$2,288,000	–	51,152	–	2.91%	–
NKE	New	NIKE INC	$2,162,000	–	22,050	–	2.75%	–
GE	New	GENERAL ELECTRIC CO	$2,085,000	–	305,356	–	2.65%	–
CVX	New	CHEVRON CORP NEW	$1,591,000	–	17,834	–	2.02%	–
GIS	New	GENERAL MILLS INC	$1,509,000	–	24,475	–	1.92%	–
CSCO	New	CISCO SYSTEMS INC	$1,480,000	–	31,741	–	1.88%	–
SO	New	SOUTHERN CO	$1,434,000	–	27,645	–	1.82%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,333,000	–	24,178	–	1.69%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,260,000	–	9,925	–	1.60%	–
MDT	New	MEDTRONIC PLCforeign stock	$1,246,000	–	13,577	–	1.58%	–
MCD	New	MCDONALDS CORP	$1,231,000	–	6,672	–	1.56%	–
WMT	New	WALMART, INC	$1,168,000	–	9,745	–	1.48%	–
CL	New	COLGATE PALMOLIVE CO	$1,144,000	–	15,623	–	1.45%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,116,000	–	9,235	–	1.42%	–
LOW	New	LOWES COMPANIES INC	$1,095,000	–	8,103	–	1.39%	–
T	New	AT&T INC	$1,060,000	–	35,087	–	1.35%	–
MMM	New	3M CO	$1,012,000	–	6,489	–	1.29%	–
TGT	New	TARGET CORP	$1,002,000	–	8,356	–	1.27%	–
PFE	New	PFIZER INC	$990,000	–	30,282	–	1.26%	–
MRK	New	MERCK & CO INC	$971,000	–	12,562	–	1.23%	–
AXP	New	AMERICAN EXPRESS CO	$959,000	–	10,075	–	1.22%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$947,000	–	15,383	–	1.20%	–
ORCL	New	ORACLE CORP	$896,000	–	16,222	–	1.14%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$661,000	–	4,435	–	0.84%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$656,000	–	11,144	–	0.83%	–
MAS	New	MASCO CORP	$643,000	–	12,800	–	0.82%	–
ECL	New	ECOLAB INC	$584,000	–	2,933	–	0.74%	–
UPS	New	UNITED PARCEL SERVICE	$537,000	–	4,831	–	0.68%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/sto	$531,000	–	13,395	–	0.68%	–
STT	New	STATE STREET CORP	$469,000	–	7,375	–	0.60%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual funds gl	$443,000	–	7,289	–	0.56%	–
TRST	New	TRUSTCO BANK CORP NY	$433,000	–	68,342	–	0.55%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$417,000	–	1,151	–	0.53%	–
HD	New	HOME DEPOT INC	$410,000	–	1,635	–	0.52%	–
EXC	New	EXELON CORP	$406,000	–	11,188	–	0.52%	–
LLY	New	ELI LILLY & CO	$389,000	–	2,371	–	0.49%	–
LMT	New	LOCKHEED MARTIN CORP	$386,000	–	1,057	–	0.49%	–
NSC	New	NORFOLK SOUTHERN CORP	$386,000	–	2,203	–	0.49%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$371,000	–	5,302	–	0.47%	–
DD	New	DUPONT DE NEMOURS INC	$348,000	–	6,560	–	0.44%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$338,000	–	1,400	–	0.43%	–
J	New	JACOBS ENGINEERING GROUP INC	$307,000	–	3,620	–	0.39%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$288,000	–	1,616	–	0.37%	–
EMR	New	EMERSON ELECTRIC CO	$269,000	–	4,342	–	0.34%	–
DOW	New	DOW INC COM	$268,000	–	6,576	–	0.34%	–
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$248,000	–	7,283	–	0.32%	–
C	New	CITIGROUP INC	$241,000	–	4,718	–	0.31%	–
ALL	New	ALLSTATE CORP	$232,000	–	2,400	–	0.30%	–
CME	New	CME GROUP INC	$228,000	–	1,400	–	0.29%	–
SWK	New	STANLEY BLACK & DECKER INC	$227,000	–	1,632	–	0.29%	–
CMCSA	New	COMCAST CORP	$226,000	–	5,800	–	0.29%	–
MO	New	ALTRIA GROUP INC	$201,000	–	5,100	–	0.26%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$91,000	–	13,850	–	0.12%	–

Q4 2019

			Value		Shares		↓ Weighting
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-13,850	–	-0.13%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,100	–	-0.23%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,663	–	-0.23%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-1,632	–	-0.26%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-2,166	–	-0.27%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-7,331	–	-0.28%	–
ALL	Exit	ALLSTATE CORP	$0	–	-2,400	–	-0.29%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,471	–	-0.30%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-4,342	–	-0.32%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,400	–	-0.34%	–
CME	Exit	CME GROUP INC	$0	–	-1,500	–	-0.35%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-3,620	–	-0.36%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,151	–	-0.37%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,616	–	-0.37%	–
DOW	Exit	DOW INC COM	$0	–	-7,473	–	-0.39%	–
C	Exit	CITIGROUP INC	$0	–	-5,178	–	-0.39%	–
JCI	Exit	JOHNSON CTLS INTL PLC SHSforeign stock	$0	–	-8,786	–	-0.42%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,248	–	-0.44%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,057	–	-0.45%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,935	–	-0.49%	–
STT	Exit	STATE STREET CORP	$0	–	-7,925	–	-0.52%	–
CMCSA	Exit	COMCAST CORP	$0	–	-10,540	–	-0.52%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual funds global	$0	–	-7,989	–	-0.57%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-7,441	–	-0.58%	–
MAS	Exit	MASCO CORP	$0	–	-13,300	–	-0.61%	–
EXC	Exit	EXELON CORP	$0	–	-11,620	–	-0.62%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$0	–	-14,165	–	-0.63%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-71,139	–	-0.64%	–
ECL	Exit	ECOLAB INC	$0	–	-2,967	–	-0.65%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-5,073	–	-0.67%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-4,535	–	-0.80%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,506	–	-0.89%	–
ORCL	Exit	ORACLE CORP	$0	–	-16,322	–	-0.99%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-17,701	–	-0.99%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-8,237	–	-1.00%	–
TGT	Exit	TARGET CORP	$0	–	-9,634	–	-1.13%	–
MRK	Exit	MERCK & CO INC	$0	–	-13,018	–	-1.20%	–
WMT	Exit	WALMART, INC	$0	–	-10,195	–	-1.33%	–
PFE	Exit	PFIZER INC	$0	–	-35,557	–	-1.40%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-18,326	–	-1.48%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-11,425	–	-1.49%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-24,555	–	-1.49%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-11,075	–	-1.57%	–
T	Exit	AT&T INC	$0	–	-37,850	–	-1.58%	–
MMM	Exit	3M CO	$0	–	-9,289	–	-1.68%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-10,759	–	-1.72%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-27,060	–	-1.80%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-15,650	–	-1.87%	–
MCD	Exit	MCDONALDS CORP	$0	–	-8,346	–	-1.97%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-37,383	–	-2.03%	–
SO	Exit	SOUTHERN CO	$0	–	-31,760	–	-2.16%	–
ABBV	Exit	ABBVIE INC SR NT	$0	–	-28,125	–	-2.34%	–
NKE	Exit	NIKE INC	$0	–	-23,250	–	-2.40%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-20,212	–	-2.64%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-18,133	–	-2.72%	–
AAPL	Exit	APPLE INC	$0	–	-11,109	–	-2.74%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-51,325	–	-2.82%	–
PEP	Exit	PEPSICO INC	$0	–	-19,656	–	-2.96%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-33,418	–	-3.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-329,447	–	-3.24%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-21,595	–	-3.30%	–
DIS	Exit	DISNEY WALT CO	$0	–	-23,706	–	-3.40%	–
KO	Exit	COCA COLA CO	$0	–	-61,313	–	-3.67%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-29,401	–	-4.02%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-29,630	–	-4.22%	–
INTC	Exit	INTEL CORP	$0	–	-75,288	–	-4.27%	–
JPM	Exit	JP MORGAN CHASE & CO COM	$0	–	-34,412	–	-4.45%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-57,566	–	-4.47%	–

Q3 2019

			Value		Shares		↓ Weighting
XOM	Sell	EXXON MOBIL CORP	$4,065,000	-8.2%	57,566	-0.4%	4.47%	-9.9%
JPM	Sell	JP MORGAN CHASE & CO COM	$4,050,000	+4.7%	34,412	-0.5%	4.45%	+2.8%
JNJ	Sell	JOHNSON & JOHNSON	$3,834,000	-8.9%	29,630	-1.9%	4.22%	-10.6%
PG	Buy	PROCTER & GAMBLE CO	$3,657,000	+14.2%	29,401	+0.7%	4.02%	+12.1%
KO	Sell	COCA COLA CO	$3,337,000	+6.2%	61,313	-0.7%	3.67%	+4.2%
DIS	Buy	DISNEY WALT CO	$3,090,000	-6.3%	23,706	+0.4%	3.40%	-8.0%
MSFT	Sell	MICROSOFT CORP	$3,003,000	+3.1%	21,595	-0.7%	3.30%	+1.2%
GE	Sell	GENERAL ELECTRIC CO	$2,945,000	-15.3%	329,447	-0.5%	3.24%	-16.9%
ABT	Sell	ABBOTT LABORATORIES	$2,796,000	-0.9%	33,418	-0.4%	3.08%	-2.8%
PEP	Buy	PEPSICO INC	$2,695,000	+4.9%	19,656	+0.4%	2.96%	+3.0%
AAPL	Sell	APPLE INC	$2,488,000	+9.0%	11,109	-3.7%	2.74%	+7.0%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,475,000	+3.4%	18,133	-1.4%	2.72%	+1.5%
CVX	Sell	CHEVRON CORP NEW	$2,397,000	-5.7%	20,212	-1.0%	2.64%	-7.4%
NKE	Sell	NIKE INC	$2,184,000	+11.7%	23,250	-0.2%	2.40%	+9.6%
ABBV	Sell	ABBVIE INC SR NT	$2,129,000	+2.4%	28,125	-1.7%	2.34%	+0.4%
SO	Buy	SOUTHERN CO	$1,962,000	+11.9%	31,760	+0.2%	2.16%	+9.9%
CSCO	Buy	CISCO SYSTEMS INC	$1,847,000	-9.4%	37,383	+0.4%	2.03%	-11.0%
MDT	Sell	MEDTRONIC PLCforeign stock	$1,700,000	+11.5%	15,650	-0.0%	1.87%	+9.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,633,000	+3.0%	27,060	-2.5%	1.80%	+1.1%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$1,565,000	+7.8%	10,759	+2.1%	1.72%	+5.8%
MMM	Sell	3M CO	$1,527,000	-5.3%	9,289	-0.2%	1.68%	-7.1%
T	Sell	AT&T INC	$1,432,000	+5.1%	37,850	-6.9%	1.58%	+3.2%
TXN	Sell	TEXAS INSTRUMENTS INC	$1,431,000	+11.6%	11,075	-0.9%	1.57%	+9.6%
GIS	Sell	GENERAL MILLS INC	$1,353,000	+4.5%	24,555	-0.4%	1.49%	+2.5%
AXP	Sell	AMERICAN EXPRESS CO	$1,351,000	-4.3%	11,425	-0.0%	1.49%	-6.0%
CL	Buy	COLGATE PALMOLIVE CO	$1,347,000	+3.1%	18,326	+0.5%	1.48%	+1.2%
PFE	Sell	PFIZER INC	$1,277,000	-18.0%	35,557	-1.1%	1.40%	-19.5%
WMT	Sell	WALMART, INC	$1,210,000	+6.9%	10,195	-0.5%	1.33%	+5.0%
MRK	Sell	MERCK & CO INC	$1,096,000	-0.4%	13,018	-0.8%	1.20%	-2.2%
LOW	Buy	LOWES COMPANIES INC	$906,000	+11.0%	8,237	+1.9%	1.00%	+9.0%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$898,000	+8.7%	17,701	-2.9%	0.99%	+6.8%
ORCL	Sell	ORACLE CORP	$898,000	-3.5%	16,322	-0.0%	0.99%	-5.3%
NSC	Sell	NORFOLK SOUTHERN CORP	$810,000	-11.8%	4,506	-2.2%	0.89%	-13.4%
UPS	Sell	UNITED PARCEL SERVICE	$608,000	+12.8%	5,073	-2.9%	0.67%	+10.8%
TRST	Buy	TRUSTCO BANK CORP NY	$579,000	+4.1%	71,139	+1.3%	0.64%	+2.2%
EXC	Sell	EXELON CORP	$561,000	-1.8%	11,620	-2.5%	0.62%	-3.6%
MAS	Buy	MASCO CORP	$555,000	+8.8%	13,300	+2.3%	0.61%	+6.8%
DD	New	DUPONT DE NEMOURS INC	$530,000	–	7,441	–	0.58%	–
EFA	Sell	ISHARES MSCI EAFE (MKT)mutual funds global	$521,000	-10.3%	7,989	-9.6%	0.57%	-12.0%
STT	Buy	STATE STREET CORP	$469,000	+7.6%	7,925	+1.9%	0.52%	+5.5%
HD	Buy	HOME DEPOT INC	$449,000	+13.7%	1,935	+1.8%	0.49%	+11.5%
C	Buy	CITIGROUP INC	$357,000	+0.3%	5,178	+2.0%	0.39%	-1.5%
DOW	Sell	DOW INC COM	$356,000	-3.5%	7,473	-0.3%	0.39%	-5.1%
SLB	Sell	SCHLUMBERGER LTDforeign stock	$250,000	-14.4%	7,331	-0.1%	0.28%	-15.9%
NLY	Sell	ANNALY CAPITAL MANAGEMENT INC	$122,000	-38.1%	13,850	-35.7%	0.13%	-39.4%

Q2 2019

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$4,427,000	–	57,772	–	4.96%	–
JNJ	New	JOHNSON & JOHNSON	$4,208,000	–	30,212	–	4.72%	–
JPM	New	JP MORGAN CHASE & CO COM	$3,867,000	–	34,594	–	4.33%	–
INTC	New	INTEL CORP	$3,604,000	–	75,288	–	4.04%	–
GE	New	GENERAL ELECTRIC CO	$3,478,000	–	331,261	–	3.90%	–
DIS	New	DISNEY WALT CO	$3,297,000	–	23,611	–	3.69%	–
PG	New	PROCTER & GAMBLE CO	$3,202,000	–	29,204	–	3.59%	–
KO	New	COCA COLA CO	$3,143,000	–	61,723	–	3.52%	–
MSFT	New	MICROSOFT CORP	$2,913,000	–	21,750	–	3.26%	–
ABT	New	ABBOTT LABORATOR IES	$2,822,000	–	33,548	–	3.16%	–
PEP	New	PEPSICO INC	$2,568,000	–	19,581	–	2.88%	–
CVX	New	CHEVRON CORP NEW	$2,542,000	–	20,426	–	2.85%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,394,000	–	18,385	–	2.68%	–
AMAT	New	APPLIED MATERIALS INC	$2,305,000	–	51,325	–	2.58%	–
AAPL	New	APPLE INC	$2,283,000	–	11,536	–	2.56%	–
ABBV	New	ABBVIE INC SR NT	$2,080,000	–	28,605	–	2.33%	–
CSCO	New	CISCO SYSTEMS INC	$2,038,000	–	37,233	–	2.28%	–
NKE	New	NIKE INC	$1,956,000	–	23,300	–	2.19%	–
SO	New	SOUTHERN CO	$1,753,000	–	31,710	–	1.96%	–
MCD	New	MCDONALDS CORP	$1,733,000	–	8,346	–	1.94%	–
MMM	New	3M CO	$1,613,000	–	9,304	–	1.81%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,586,000	–	27,765	–	1.78%	–
PFE	New	PFIZER INC	$1,557,000	–	35,957	–	1.74%	–
MDT	New	MEDTRONIC PLCforeign stock	$1,524,000	–	15,655	–	1.71%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,452,000	–	10,534	–	1.63%	–
AXP	New	AMERICAN EXPRESS CO	$1,411,000	–	11,430	–	1.58%	–
T	New	AT&T INC	$1,362,000	–	40,655	–	1.53%	–
CL	New	COLGATE PALMOLIVE CO	$1,306,000	–	18,226	–	1.46%	–
GIS	New	GENERAL MILLS INC	$1,295,000	–	24,655	–	1.45%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,282,000	–	11,175	–	1.44%	–
WMT	New	WALMART, INC	$1,132,000	–	10,245	–	1.27%	–
MRK	New	MERCK & CO INC	$1,100,000	–	13,118	–	1.23%	–
ORCL	New	ORACLE CORP	$931,000	–	16,327	–	1.04%	–
NSC	New	NORFOLK SOUTHERN CORP	$918,000	–	4,606	–	1.03%	–
TGT	New	TARGET CORP	$834,000	–	9,634	–	0.93%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$826,000	–	18,230	–	0.92%	–
LOW	New	LOWES COMPANIES INC	$816,000	–	8,087	–	0.91%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$750,000	–	4,535	–	0.84%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$603,000	–	14,165	–	0.68%	–
ECL	New	ECOLAB INC	$586,000	–	2,967	–	0.66%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual funds global	$581,000	–	8,839	–	0.65%	–
EXC	New	EXELON CORP	$571,000	–	11,920	–	0.64%	–
TRST	New	TRUSTCO BANK CORP NY	$556,000	–	70,259	–	0.62%	–
UPS	New	UNITED PARCEL SERVICE	$539,000	–	5,223	–	0.60%	–
MAS	New	MASCO CORP	$510,000	–	13,000	–	0.57%	–
CMCSA	New	COMCAST CORP	$445,000	–	10,540	–	0.50%	–
STT	New	STATE STREET CORP	$436,000	–	7,775	–	0.49%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$412,000	–	5,248	–	0.46%	–
HD	New	HOME DEPOT INC	$395,000	–	1,900	–	0.44%	–
LMT	New	LOCKHEED MARTIN CORP	$384,000	–	1,057	–	0.43%	–
DOW	New	DOW INC COM	$369,000	–	7,497	–	0.41%	–
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$363,000	–	8,786	–	0.41%	–
C	New	CITIGROUP INC	$356,000	–	5,078	–	0.40%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$344,000	–	1,616	–	0.38%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$338,000	–	1,151	–	0.38%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$317,000	–	1,400	–	0.36%	–
J	New	JACOBS ENGINEERING GROUP	$305,000	–	3,620	–	0.34%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$292,000	–	7,341	–	0.33%	–
CME	New	CME GROUP INC	$291,000	–	1,500	–	0.33%	–
EMR	New	EMERSON ELECTRIC CO	$290,000	–	4,342	–	0.32%	–
LLY	New	ELI LILLY & CO	$274,000	–	2,471	–	0.31%	–
ALL	New	ALLSTATE CORP	$244,000	–	2,400	–	0.27%	–
MO	New	ALTRIA GROUP INC	$241,000	–	5,100	–	0.27%	–
YUM	New	YUM! BRANDS INC	$240,000	–	2,166	–	0.27%	–
SWK	New	STANLEY BLACK & DECKER INC	$236,000	–	1,632	–	0.26%	–
CAT	New	CATERPILLAR INC	$227,000	–	1,663	–	0.25%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$197,000	–	21,550	–	0.22%	–

Q4 2018

			Value		Shares		↓ Weighting
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-21,850	–	-0.24%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-1,632	–	-0.26%	–
ALL	Exit	ALLSTATE CORP	$0	–	-2,500	–	-0.27%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,496	–	-0.27%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,663	–	-0.28%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,151	–	-0.30%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,631	–	-0.30%	–
CME	Exit	CME GROUP INC	$0	–	-1,700	–	-0.31%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,836	–	-0.32%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-3,970	–	-0.33%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,900	–	-0.34%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-4,362	–	-0.36%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,728	–	-0.40%	–
C	Exit	CITIGROUP INC	$0	–	-5,178	–	-0.40%	–
CMCSA	Exit	COMCAST CORP	$0	–	-11,140	–	-0.43%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,925	–	-0.43%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-6,741	–	-0.44%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,065	–	-0.45%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,257	–	-0.47%	–
EXC	Exit	EXELON CORP	$0	–	-12,070	–	-0.57%	–
MAS	Exit	MASCO CORP	$0	–	-14,400	–	-0.57%	–
ECL	Exit	ECOLAB INC	$0	–	-3,492	–	-0.59%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual funds global	$0	–	-8,189	–	-0.60%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-71,659	–	-0.66%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-5,333	–	-0.68%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$0	–	-15,275	–	-0.68%	–
STT	Exit	STATE STREET CORP	$0	–	-8,325	–	-0.76%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-4,835	–	-0.79%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,606	–	-0.90%	–
TGT	Exit	TARGET CORP	$0	–	-9,684	–	-0.92%	–
ORCL	Exit	ORACLE CORP	$0	–	-16,927	–	-0.94%	–
WMT	Exit	WALMART, INC	$0	–	-10,595	–	-1.08%	–
MRK	Exit	MERCK & CO INC	$0	–	-14,294	–	-1.10%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-8,887	–	-1.10%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-25,079	–	-1.17%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-17,739	–	-1.19%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-22,425	–	-1.28%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-11,575	–	-1.34%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-18,940	–	-1.37%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-11,975	–	-1.38%	–
SO	Exit	SOUTHERN CO	$0	–	-30,865	–	-1.46%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-27,164	–	-1.57%	–
DWDP	Exit	DOWDUPONT INC COM	$0	–	-22,598	–	-1.58%	–
MCD	Exit	MCDONALDS CORP	$0	–	-8,746	–	-1.58%	–
T	Exit	AT&T INC	$0	–	-45,625	–	-1.66%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-16,065	–	-1.71%	–
PFE	Exit	PFIZER INC	$0	–	-36,607	–	-1.75%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-11,534	–	-1.89%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-39,024	–	-2.06%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-52,591	–	-2.20%	–
MMM	Exit	3M CO	$0	–	-9,754	–	-2.23%	–
NKE	Exit	NIKE INC	$0	–	-25,200	–	-2.31%	–
PEP	Exit	PEPSICO INC	$0	–	-21,841	–	-2.64%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-20,773	–	-2.75%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-35,600	–	-2.83%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-18,756	–	-2.84%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-31,995	–	-2.88%	–
AAPL	Exit	APPLE INC	$0	–	-11,857	–	-2.90%	–
ABBV	Exit	ABBVIE INC SR NT	$0	–	-28,753	–	-2.95%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-23,980	–	-2.97%	–
KO	Exit	COCA COLA CO	$0	–	-62,588	–	-3.13%	–
DIS	Exit	DISNEY WALT CO	$0	–	-25,196	–	-3.19%	–
INTC	Exit	INTEL CORP	$0	–	-79,564	–	-4.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-334,190	–	-4.09%	–
JPM	Exit	JP MORGAN CHASE & CO COM	$0	–	-34,362	–	-4.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-31,006	–	-4.64%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-60,885	–	-5.61%	–

Q3 2018

			Value		Shares		↓ Weighting
XOM	Sell	EXXON MOBIL CORP	$5,176,000	+2.5%	60,885	-0.2%	5.61%	+6.8%
JPM	Sell	JP MORGAN CHASE & CO COM	$3,878,000	+6.3%	34,362	-1.8%	4.20%	+10.8%
GE	Buy	GENERAL ELECTRIC CO	$3,773,000	-13.2%	334,190	+4.7%	4.09%	-9.5%
INTC	Sell	INTEL CORP	$3,762,000	-6.0%	79,564	-1.1%	4.08%	-2.0%
DIS	Sell	DISNEY WALT CO	$2,947,000	+11.0%	25,196	-0.6%	3.19%	+15.6%
KO	Sell	COCA COLA CO	$2,891,000	+4.0%	62,588	-1.3%	3.13%	+8.3%
MSFT	Sell	MICROSOFT CORP	$2,743,000	+15.7%	23,980	-0.2%	2.97%	+20.6%
ABBV	Sell	ABBVIE INC SR NT	$2,720,000	+0.8%	28,753	-1.3%	2.95%	+5.0%
AAPL	Buy	APPLE INC	$2,677,000	+26.5%	11,857	+3.7%	2.90%	+31.8%
PG	Sell	PROCTER & GAMBLE CO	$2,663,000	+1.4%	31,995	-4.9%	2.88%	+5.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,622,000	+11.7%	18,756	-0.1%	2.84%	+16.3%
ABT	Sell	ABBOTT LABORATORIES	$2,612,000	+19.6%	35,600	-0.6%	2.83%	+24.6%
CVX	Sell	CHEVRON CORP NEW	$2,540,000	-4.2%	20,773	-1.0%	2.75%	-0.2%
PEP	Sell	PEPSICO INC	$2,442,000	+1.2%	21,841	-1.5%	2.64%	+5.4%
NKE	Sell	NIKE INC	$2,135,000	+4.7%	25,200	-1.6%	2.31%	+9.1%
MMM	Sell	3M CO	$2,055,000	+4.9%	9,754	-2.1%	2.23%	+9.3%
AMAT	Sell	APPLIED MATERIALS INC	$2,033,000	-17.5%	52,591	-1.5%	2.20%	-14.1%
CSCO	Sell	CISCO SYSTEMS INC	$1,899,000	+11.8%	39,024	-1.2%	2.06%	+16.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,744,000	+7.1%	11,534	-1.1%	1.89%	+11.5%
PFE	Sell	PFIZER INC	$1,614,000	+17.8%	36,607	-3.0%	1.75%	+22.7%
MDT	New	MEDTRONIC PLCforeign stock	$1,580,000	–	16,065	–	1.71%	–
T	Buy	AT&T INC	$1,532,000	+15.5%	45,625	+10.4%	1.66%	+20.4%
DWDP	Sell	DOWDUPONT INC COM	$1,454,000	-5.2%	22,598	-2.9%	1.58%	-1.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,450,000	+7.4%	27,164	+1.3%	1.57%	+11.9%
AXP	Sell	AMERICAN EXPRESS CO	$1,275,000	+8.1%	11,975	-0.4%	1.38%	+12.6%
WFC	Sell	WELLS FARGO & CO NEW	$1,178,000	-12.3%	22,425	-7.4%	1.28%	-8.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,101,000	+7.3%	17,739	-4.3%	1.19%	+11.8%
GIS	Sell	GENERAL MILLS INC	$1,077,000	-5.0%	25,079	-2.1%	1.17%	-1.0%
WMT	Sell	WALMART, INC	$995,000	+9.3%	10,595	-0.3%	1.08%	+14.0%
ORCL	Buy	ORACLE CORP	$872,000	+17.4%	16,927	+0.4%	0.94%	+22.3%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$728,000	+5.1%	4,835	-6.4%	0.79%	+9.4%
VWO	Sell	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$626,000	-3.1%	15,275	-0.2%	0.68%	+0.9%
TRST	Sell	TRUSTCO BANK CORP NY	$609,000	-93.5%	71,659	-93.2%	0.66%	-93.3%
MAS	Sell	MASCO CORP	$527,000	-3.7%	14,400	-1.4%	0.57%	+0.4%
LMT	Sell	LOCKHEED MARTIN CORP	$434,000	+16.0%	1,257	-0.8%	0.47%	+20.8%
CMCSA	Buy	COMCAST CORP	$394,000	+13.9%	11,140	+5.7%	0.43%	+18.6%
BRKB	Buy	BERKSHIRE HATHAWAY INC	$370,000	+22.5%	1,728	+6.9%	0.40%	+27.7%
J	Sell	JACOBS ENGINEERING GROUP	$304,000	+17.8%	3,970	-2.5%	0.33%	+22.8%
GSK	Exit	GLAXOSMITHKLINE PLCforeign stock	$0	–	-5,194	–	-0.22%	–
JCI	Exit	JOHNSON CTLS INTL PLC SHSforeign stock	$0	–	-10,028	–	-0.35%	–

Q2 2018

			Value		Shares		↓ Weighting
TRST	New	TRUSTCO BANK CORP NY	$9,415,000	–	1,057,835	–	9.79%	–
XOM	New	EXXON MOBIL CORP	$5,049,000	–	61,031	–	5.25%	–
GE	New	GENERAL ELECTRIC CO	$4,345,000	–	319,240	–	4.52%	–
INTC	New	INTEL CORP	$4,001,000	–	80,477	–	4.16%	–
JNJ	New	JOHNSON & JOHNSON	$3,762,000	–	31,006	–	3.91%	–
JPM	New	JP MORGAN CHASE & CO COM	$3,648,000	–	35,006	–	3.79%	–
KO	New	COCA COLA CO	$2,781,000	–	63,428	–	2.89%	–
ABBV	New	ABBVIE INC SR NT	$2,698,000	–	29,123	–	2.81%	–
DIS	New	DISNEY WALT CO	$2,656,000	–	25,346	–	2.76%	–
CVX	New	CHEVRON CORP NEW	$2,652,000	–	20,973	–	2.76%	–
PG	New	PROCTER & GAMBLE CO	$2,626,000	–	33,632	–	2.73%	–
AMAT	New	APPLIED MATERIALS INC	$2,465,000	–	53,365	–	2.56%	–
PEP	New	PEPSICO INC	$2,414,000	–	22,174	–	2.51%	–
MSFT	New	MICROSOFT CORP	$2,370,000	–	24,030	–	2.46%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,348,000	–	18,781	–	2.44%	–
ABT	New	ABBOTT LABORATORIES	$2,184,000	–	35,820	–	2.27%	–
AAPL	New	APPLE INC	$2,116,000	–	11,430	–	2.20%	–
NKE	New	NIKE INC	$2,040,000	–	25,600	–	2.12%	–
MMM	New	3M CO	$1,959,000	–	9,959	–	2.04%	–
CSCO	New	CISCO SYSTEMS INC	$1,699,000	–	39,499	–	1.77%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,629,000	–	11,659	–	1.69%	–
DWDP	New	DOWDUPONT INC COM	$1,533,000	–	23,264	–	1.59%	–
SO	New	SOUTHERN CO	$1,430,000	–	30,865	–	1.49%	–
PFE	New	PFIZER INC	$1,370,000	–	37,757	–	1.42%	–
MCD	New	MCDONALDS CORP	$1,370,000	–	8,746	–	1.42%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,350,000	–	26,828	–	1.40%	–
WFC	New	WELLS FARGO & CO NEW	$1,343,000	–	24,225	–	1.40%	–
T	New	AT&T INC	$1,326,000	–	41,317	–	1.38%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,276,000	–	11,575	–	1.33%	–
CL	New	COLGATE PALMOLIVE CO	$1,228,000	–	18,940	–	1.28%	–
AXP	New	AMERICAN EXPRESS CO	$1,179,000	–	12,025	–	1.23%	–
GIS	New	GENERAL MILLS INC	$1,134,000	–	25,629	–	1.18%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,026,000	–	18,539	–	1.07%	–
WMT	New	WALMART INC	$910,000	–	10,625	–	0.95%	–
MRK	New	MERCK & CO INC	$867,000	–	14,294	–	0.90%	–
LOW	New	LOWES COMPANIES INC	$849,000	–	8,887	–	0.88%	–
STT	New	STATE STREET CORP	$775,000	–	8,325	–	0.81%	–
ORCL	New	ORACLE CORP	$743,000	–	16,852	–	0.77%	–
TGT	New	TARGET CORP	$738,000	–	9,684	–	0.77%	–
NSC	New	NORFOLK SOUTHERN CORP	$695,000	–	4,606	–	0.72%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$693,000	–	5,165	–	0.72%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$646,000	–	15,300	–	0.67%	–
UPS	New	UNITED PARCEL SERVICE	$566,000	–	5,333	–	0.59%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual funds global	$549,000	–	8,189	–	0.57%	–
MAS	New	MASCO CORP	$547,000	–	14,600	–	0.57%	–
EXC	New	EXELON CORP	$514,000	–	12,070	–	0.53%	–
ECL	New	ECOLAB INC	$490,000	–	3,492	–	0.51%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$452,000	–	6,741	–	0.47%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$409,000	–	5,065	–	0.42%	–
HD	New	HOME DEPOT INC	$376,000	–	1,925	–	0.39%	–
LMT	New	LOCKHEED MARTIN CORP	$374,000	–	1,267	–	0.39%	–
C	New	CITIGROUP INC	$346,000	–	5,178	–	0.36%	–
CMCSA	New	COMCAST CORP	$346,000	–	10,540	–	0.36%	–
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$336,000	–	10,028	–	0.35%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$302,000	–	1,616	–	0.31%	–
EMR	New	EMERSON ELECTRIC CO	$301,000	–	4,362	–	0.31%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$296,000	–	1,900	–	0.31%	–
CME	New	CME GROUP INC	$279,000	–	1,700	–	0.29%	–
MO	New	ALTRIA GROUP INC	$274,000	–	4,836	–	0.28%	–
J	New	JACOBS ENGINEERING GROUP	$258,000	–	4,070	–	0.27%	–
NEE	New	NEXTERA ENERGY INC	$249,000	–	1,496	–	0.26%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$238,000	–	1,151	–	0.25%	–
ALL	New	ALLSTATE CORP	$228,000	–	2,500	–	0.24%	–
CAT	New	CATERPILLAR INC	$225,000	–	1,663	–	0.23%	–
LLY	New	ELI LILLY & CO	$225,000	–	2,631	–	0.23%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$224,000	–	21,850	–	0.23%	–
SWK	New	STANLEY BLACK & DECKER INC	$217,000	–	1,632	–	0.23%	–
GSK	New	GLAXOSMITHKLINE PLCforeign stock	$209,000	–	5,194	–	0.22%	–

Q4 2017

			Value		Shares		↓ Weighting
CAT	Exit	CATERPILLAR INC	$0	–	-1,663	–	-0.20%	–
GSK	Exit	GLAXOSMITHKLINE PLCforeign stock	$0	–	-5,300	–	-0.21%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,151	–	-0.21%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,496	–	-0.21%	–
CMCSA	Exit	COMCAST CORP	$0	–	-5,800	–	-0.22%	–
ALL	Exit	ALLSTATE CORP	$0	–	-2,500	–	-0.22%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,697	–	-0.22%	–
CME	Exit	CME GROUP INC	$0	–	-1,800	–	-0.24%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-1,632	–	-0.24%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-4,362	–	-0.26%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-22,450	–	-0.26%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-4,834	–	-0.27%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,616	–	-0.29%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,836	–	-0.30%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-2,400	–	-0.35%	–
C	Exit	CITIGROUP INC	$0	–	-5,278	–	-0.37%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,375	–	-0.38%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,257	–	-0.38%	–
JCI	Exit	JOHNSON CTLS INTL PLC SHSforeign stock	$0	–	-11,212	–	-0.44%	–
EXC	Exit	EXELON CORP	$0	–	-12,703	–	-0.46%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-6,957	–	-0.47%	–
ECL	Exit	ECOLAB INC	$0	–	-3,950	–	-0.49%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,019	–	-0.54%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual fund/stock	$0	–	-8,189	–	-0.54%	–
MAS	Exit	MASCO CORP	$0	–	-15,025	–	-0.57%	–
TGT	Exit	TARGET CORP	$0	–	-10,015	–	-0.57%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-5,447	–	-0.58%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,706	–	-0.60%	–
UPS	Exit	UNITED PARCEL SE RVICE	$0	–	-5,365	–	-0.62%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$0	–	-15,692	–	-0.66%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-9,487	–	-0.73%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-21,236	–	-0.76%	–
STT	Exit	STATE STREET CORP	$0	–	-8,625	–	-0.80%	–
ORCL	Exit	ORACLE CORP	$0	–	-17,602	–	-0.82%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-11,108	–	-0.84%	–
MRK	Exit	MERCK & CO INC	$0	–	-14,420	–	-0.89%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-11,810	–	-1.02%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-12,575	–	-1.10%	–
SO	Exit	SOUTHERN CO	$0	–	-23,794	–	-1.13%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-38,287	–	-1.25%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-16,977	–	-1.28%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-25,929	–	-1.30%	–
PFE	Exit	PFIZER INC	$0	–	-38,658	–	-1.34%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-22,099	–	-1.36%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-19,556	–	-1.38%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-28,836	–	-1.38%	–
NKE	Exit	NIKE INC	$0	–	-27,575	–	-1.38%	–
MCD	Exit	MCDONALDS CORP	$0	–	-9,322	–	-1.41%	–
T	Exit	AT&T INC	$0	–	-41,758	–	-1.58%	–
DWDP	Exit	DOWDUPONT INC COM	$0	–	-25,034	–	-1.68%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-12,048	–	-1.69%	–
AAPL	Exit	APPLE INC	$0	–	-11,695	–	-1.74%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-25,319	–	-1.83%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-37,461	–	-1.94%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-38,788	–	-2.07%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-19,356	–	-2.17%	–
MMM	Exit	3M CO	$0	–	-11,339	–	-2.30%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-21,533	–	-2.45%	–
PEP	Exit	PEPSICO INC	$0	–	-23,332	–	-2.52%	–
DIS	Exit	DISNEY WALT CO	$0	–	-26,946	–	-2.57%	–
ABBV	Exit	ABBVIE INC SR NT	$0	–	-31,609	–	-2.72%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-55,903	–	-2.82%	–
KO	Exit	COCA COLA CO	$0	–	-65,303	–	-2.84%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-34,212	–	-3.01%	–
INTC	Exit	INTEL CORP	$0	–	-82,438	–	-3.04%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-36,219	–	-3.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-31,532	–	-3.97%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-69,356	–	-5.50%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-320,552	–	-7.50%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-1,059,910	–	-9.13%	–

Q3 2017

			Value		Shares		↓ Weighting
TRST	Sell	TRUSTCO BANK CORP NY	$9,433,000	+14.8%	1,059,910	-0.0%	9.13%	+12.3%
GE	Sell	GENERAL ELECTRIC CO	$7,751,000	-11.3%	320,552	-0.9%	7.50%	-13.3%
XOM	Sell	EXXON MOBIL CORP	$5,686,000	-1.2%	69,356	-2.7%	5.50%	-3.4%
JNJ	Sell	JOHNSON & JOHNSON	$4,099,000	-2.3%	31,532	-0.6%	3.97%	-4.4%
JPM	Sell	JPMORGAN CHASE & CO	$3,459,000	+3.7%	36,219	-0.8%	3.35%	+1.4%
INTC	Sell	INTEL CORP	$3,139,000	+12.6%	82,438	-0.2%	3.04%	+10.1%
PG	Sell	PROCTER & GAMBLE CO	$3,112,000	+3.3%	34,212	-1.0%	3.01%	+1.0%
KO	Sell	COCA COLA CO	$2,939,000	+0.1%	65,303	-0.3%	2.84%	-2.1%
AMAT	Sell	APPLIED MATERIALS INC	$2,912,000	+25.0%	55,903	-0.9%	2.82%	+22.2%
ABBV	Sell	ABBVIE INC SR NT	$2,809,000	+21.4%	31,609	-0.9%	2.72%	+18.8%
DIS	Sell	DISNEY WALT CO	$2,656,000	-10.8%	26,946	-3.8%	2.57%	-12.7%
PEP	Sell	PEPSICO INC	$2,600,000	-5.0%	23,332	-1.6%	2.52%	-7.1%
CVX	Buy	CHEVRON CORP NEW	$2,530,000	+13.5%	21,533	+0.7%	2.45%	+11.0%
MMM	Sell	3M CO	$2,380,000	0.0%	11,339	-0.8%	2.30%	-2.2%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,246,000	-6.8%	19,356	-2.0%	2.17%	-8.8%
WFC	Sell	WELLS FARGO & CO NEW	$2,139,000	-4.0%	38,788	-3.6%	2.07%	-6.1%
ABT	Sell	ABBOTT LABORATORIES	$1,999,000	+8.8%	37,461	-0.8%	1.94%	+6.4%
MSFT	Sell	MICROSOFT CORP	$1,886,000	+5.6%	25,319	-2.3%	1.83%	+3.3%
AAPL	Sell	APPLE INC	$1,802,000	+6.8%	11,695	-0.1%	1.74%	+4.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,748,000	-6.7%	12,048	-1.0%	1.69%	-8.7%
DWDP	New	DOWDUPONT INC COM	$1,733,000	–	25,034	–	1.68%	–
T	Sell	AT&T INC	$1,636,000	+3.4%	41,758	-0.4%	1.58%	+1.1%
MCD	Buy	MCDONALDS CORP	$1,460,000	+3.4%	9,322	+1.1%	1.41%	+1.1%
NKE	Sell	NIKE INC	$1,430,000	-13.2%	27,575	-1.3%	1.38%	-15.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,427,000	+9.7%	28,836	-1.1%	1.38%	+7.2%
CL	Sell	COLGATE PALMOLIVE CO	$1,425,000	-4.1%	19,556	-2.5%	1.38%	-6.3%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,408,000	+11.6%	22,099	-2.4%	1.36%	+9.1%
MDT	Sell	MEDTRONIC PLCforeign stock	$1,321,000	-12.9%	16,977	-0.6%	1.28%	-14.7%
CSCO	Sell	CISCO SYSTEMS INC	$1,288,000	+6.6%	38,287	-0.8%	1.25%	+4.3%
SO	Sell	SOUTHERN CO	$1,169,000	+2.2%	23,794	-0.4%	1.13%	0.0%
AXP	Sell	AMERICAN EXPRESS CO	$1,138,000	+6.2%	12,575	-1.2%	1.10%	+3.9%
WMT	Sell	WAL-MART STORES INC	$868,000	+1.9%	11,108	-1.3%	0.84%	-0.4%
ORCL	Sell	ORACLE CORP	$851,000	-3.8%	17,602	-0.3%	0.82%	-5.9%
STT	Sell	STATE STREET CORP	$824,000	+5.9%	8,625	-0.6%	0.80%	+3.6%
NBTB	Sell	NBT BANCORP INC	$780,000	-14.8%	21,236	-14.2%	0.76%	-16.7%
LOW	Buy	LOWES COMPANIES INC	$758,000	+5.6%	9,487	+2.4%	0.73%	+3.2%
VWO	Sell	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$684,000	+5.6%	15,692	-1.0%	0.66%	+3.3%
UPS	Sell	UNITED PARCEL SE RVICE	$644,000	+7.5%	5,365	-0.9%	0.62%	+5.1%
NSC	Sell	NORFOLK SOUTHERN CORP	$623,000	+6.5%	4,706	-2.1%	0.60%	+4.1%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$596,000	+5.9%	5,447	-0.9%	0.58%	+3.6%
SLB	Sell	SCHLUMBERGER LTDforeign stock	$486,000	+3.2%	6,957	-2.8%	0.47%	+0.9%
EXC	Buy	EXELON CORP	$478,000	+6.0%	12,703	+1.6%	0.46%	+3.8%
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$452,000	–	11,212	–	0.44%	–
HD	Sell	HOME DEPOT INC	$388,000	-1.8%	2,375	-7.8%	0.38%	-3.8%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$363,000	-2.4%	2,400	-7.7%	0.35%	-4.6%
LLY	Sell	ELI LILLY & CO	$231,000	+2.2%	2,697	-1.8%	0.22%	0.0%
CAT	Sell	CATERPILLAR INC	$208,000	+4.0%	1,663	-10.7%	0.20%	+1.5%
BHI	Exit	BAKER HUGHES INC	$0	–	-3,700	–	-0.20%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-1,583	–	-0.20%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-9,940	–	-0.62%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-11,992	–	-0.96%	–

Q2 2017

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC CO	$8,739,000	–	323,579	–	8.65%	–
TRST	New	TRUSTCO BANK CORP NY	$8,216,000	–	1,060,170	–	8.13%	–
XOM	New	EXXON MOBIL CORP	$5,756,000	–	71,301	–	5.70%	–
JNJ	New	JOHNSON & JOHNSON	$4,195,000	–	31,707	–	4.15%	–
JPM	New	JPMORGAN CHASE & CO	$3,337,000	–	36,513	–	3.30%	–
PG	New	PROCTER & GAMBLE CO	$3,012,000	–	34,562	–	2.98%	–
DIS	New	DISNEY WALT CO	$2,977,000	–	28,021	–	2.95%	–
KO	New	COCA COLA CO	$2,937,000	–	65,503	–	2.91%	–
INTC	New	INTEL CORP	$2,788,000	–	82,613	–	2.76%	–
PEP	New	PEPSICO INC	$2,738,000	–	23,710	–	2.71%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,410,000	–	19,741	–	2.38%	–
MMM	New	3M CO	$2,380,000	–	11,429	–	2.36%	–
AMAT	New	APPLIED MATERIALS INC	$2,330,000	–	56,403	–	2.31%	–
ABBV	New	ABBVIE INC	$2,313,000	–	31,909	–	2.29%	–
CVX	New	CHEVRON CORP NEW	$2,230,000	–	21,375	–	2.21%	–
WFC	New	WELLS FARGO & CO NEW	$2,229,000	–	40,238	–	2.21%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,873,000	–	12,173	–	1.85%	–
ABT	New	ABBOTT LABORATOR IES	$1,837,000	–	37,771	–	1.82%	–
MSFT	New	MICROSOFT CORP	$1,786,000	–	25,919	–	1.77%	–
AAPL	New	APPLE INC	$1,687,000	–	11,710	–	1.67%	–
NKE	New	NIKE INC	$1,648,000	–	27,925	–	1.63%	–
T	New	AT&T INC	$1,582,000	–	41,908	–	1.57%	–
MDT	New	MEDTRONIC PLCforeign stock	$1,516,000	–	17,077	–	1.50%	–
CL	New	COLGATE PALMOLIVE CO	$1,486,000	–	20,056	–	1.47%	–
GIS	New	GENERAL MILLS INC	$1,437,000	–	25,929	–	1.42%	–
MCD	New	MCDONALDS CORP	$1,412,000	–	9,222	–	1.40%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,301,000	–	29,148	–	1.29%	–
PFE	New	PFIZER INC	$1,298,000	–	38,658	–	1.28%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,262,000	–	22,639	–	1.25%	–
CSCO	New	CISCO SYSTEMS INC	$1,208,000	–	38,587	–	1.20%	–
SO	New	SOUTHERN CO	$1,144,000	–	23,894	–	1.13%	–
AXP	New	AMERICAN EXPRESS CO	$1,072,000	–	12,725	–	1.06%	–
DD	New	DU PONT E I DE NEMOURS & CO	$968,000	–	11,992	–	0.96%	–
MRK	New	MERCK & CO INC	$924,000	–	14,420	–	0.91%	–
NBTB	New	NBT BANCORP INC	$915,000	–	24,758	–	0.91%	–
TXN	New	TEXAS INSTRUMENTS INC	$909,000	–	11,810	–	0.90%	–
ORCL	New	ORACLE CORP	$885,000	–	17,647	–	0.88%	–
WMT	New	WAL-MART STORES INC	$852,000	–	11,258	–	0.84%	–
STT	New	STATE STREET CORP	$778,000	–	8,675	–	0.77%	–
LOW	New	LOWES COMPANIES INC	$718,000	–	9,262	–	0.71%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$648,000	–	15,857	–	0.64%	–
DOW	New	DOW CHEMICAL CO	$627,000	–	9,940	–	0.62%	–
UPS	New	UNITED PARCEL SE RVICE	$599,000	–	5,415	–	0.59%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$590,000	–	5,019	–	0.58%	–
NSC	New	NORFOLK SOUTHERN CORP	$585,000	–	4,806	–	0.58%	–
MAS	New	MASCO CORP	$574,000	–	15,025	–	0.57%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$563,000	–	5,497	–	0.56%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual fund/stock	$534,000	–	8,189	–	0.53%	–
ECL	New	ECOLAB INC	$525,000	–	3,950	–	0.52%	–
TGT	New	TARGET CORP	$524,000	–	10,015	–	0.52%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$471,000	–	7,157	–	0.47%	–
EXC	New	EXELON CORP	$451,000	–	12,503	–	0.45%	–
HD	New	HOME DEPOT INC	$395,000	–	2,575	–	0.39%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$372,000	–	2,600	–	0.37%	–
MO	New	ALTRIA GROUP INC	$360,000	–	4,836	–	0.36%	–
C	New	CITIGROUP INC	$353,000	–	5,278	–	0.35%	–
LMT	New	LOCKHEED MARTIN CORP	$349,000	–	1,257	–	0.34%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$274,000	–	1,616	–	0.27%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$270,000	–	22,450	–	0.27%	–
J	New	JACOBS ENGINEERING GROUP	$263,000	–	4,834	–	0.26%	–
EMR	New	EMERSON ELECTRIC CO	$260,000	–	4,362	–	0.26%	–
SWK	New	STANLEY BLACK & DECKER INC	$230,000	–	1,632	–	0.23%	–
GSK	New	GLAXOSMITHKLINE PLCforeign stock	$229,000	–	5,300	–	0.23%	–
LLY	New	ELI LILLY & CO	$226,000	–	2,747	–	0.22%	–
CMCSA	New	COMCAST CORP	$226,000	–	5,800	–	0.22%	–
CME	New	CME GROUP INC	$225,000	–	1,800	–	0.22%	–
ALL	New	ALLSTATE CORP	$221,000	–	2,500	–	0.22%	–
NEE	New	NEXTERA ENERGY INC	$209,000	–	1,496	–	0.21%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$203,000	–	1,583	–	0.20%	–
BHI	New	BAKER HUGHES INC	$202,000	–	3,700	–	0.20%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$201,000	–	1,151	–	0.20%	–
CAT	New	CATERPILLAR INC	$200,000	–	1,863	–	0.20%	–

Q4 2016

			Value		Shares		↓ Weighting
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-1,632	–	-0.24%	–
CME	Exit	CME GROUP INC	$0	–	-2,050	–	-0.25%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,747	–	-0.26%	–
GSK	Exit	GLAXOSMITHKLINE PLCforeign stock	$0	–	-5,300	–	-0.27%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,616	–	-0.27%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-5,134	–	-0.31%	–
C	Exit	CITIGROUP INC	$0	–	-5,678	–	-0.31%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-4,963	–	-0.32%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,665	–	-0.40%	–
EXC	Exit	EXELON CORP	$0	–	-12,503	–	-0.49%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,152	–	-0.59%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual fund/stock	$0	–	-8,489	–	-0.59%	–
MAS	Exit	MASCO CORP	$0	–	-15,125	–	-0.61%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-5,356	–	-0.61%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-10,655	–	-0.65%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-7,207	–	-0.66%	–
JCI	Exit	JOHNSON CTLS INTL PLC SHSforeign stock	$0	–	-12,447	–	-0.68%	–
ECL	Exit	ECOLAB INC	$0	–	-4,775	–	-0.68%	–
STT	Exit	STATE STREET CORP	$0	–	-8,825	–	-0.72%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-5,631	–	-0.72%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$0	–	-16,867	–	-0.74%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-9,262	–	-0.78%	–
TGT	Exit	TARGET CORP	$0	–	-10,215	–	-0.82%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-23,486	–	-0.90%	–
ORCL	Exit	ORACLE CORP	$0	–	-19,947	–	-0.92%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-12,042	–	-0.94%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-11,960	–	-0.98%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-13,033	–	-1.10%	–
MRK	Exit	MERCK & CO INC	$0	–	-15,270	–	-1.12%	–
MCD	Exit	MCDONALDS CORP	$0	–	-9,322	–	-1.26%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-22,739	–	-1.44%	–
SO	Exit	SOUTHERN CO	$0	–	-24,429	–	-1.47%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-40,079	–	-1.49%	–
PFE	Exit	PFIZER INC	$0	–	-39,155	–	-1.55%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-29,752	–	-1.81%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-21,072	–	-1.83%	–
NKE	Exit	NIKE INC	$0	–	-30,125	–	-1.86%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-27,951	–	-1.89%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-27,192	–	-2.03%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-41,943	–	-2.18%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-12,504	–	-2.33%	–
MMM	Exit	3M CO	$0	–	-12,766	–	-2.64%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-22,746	–	-2.71%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-22,740	–	-2.74%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-37,313	–	-2.91%	–
DIS	Exit	DISNEY WALT CO	$0	–	-27,901	–	-3.04%	–
PEP	Exit	PEPSICO INC	$0	–	-25,131	–	-3.20%	–
KO	Exit	COCA COLA CO	$0	–	-71,878	–	-3.56%	–
INTC	Exit	INTEL CORP	$0	–	-84,838	–	-3.75%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-37,096	–	-3.90%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-35,369	–	-4.89%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-73,751	–	-7.54%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-1,062,442	–	-8.82%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-324,095	–	-11.24%	–

Q3 2016

			Value		Shares		↓ Weighting
GE	Sell	GENERAL ELECTRIC CO	$9,600,000	-9.9%	324,095	-4.3%	11.24%	+4.5%
XOM	Sell	EXXON MOBIL CORP	$6,437,000	-8.0%	73,751	-1.2%	7.54%	+6.7%
JNJ	Sell	JOHNSON & JOHNSON	$4,178,000	-5.6%	35,369	-3.1%	4.89%	+9.5%
PG	Sell	PROCTER & GAMBLE CO	$3,329,000	+3.8%	37,096	-2.0%	3.90%	+20.5%
INTC	Sell	INTEL CORP	$3,202,000	+13.8%	84,838	-1.1%	3.75%	+32.0%
KO	Sell	COCA COLA CO	$3,042,000	-7.3%	71,878	-0.7%	3.56%	+7.6%
PEP	Sell	PEPSICO INC	$2,733,000	+0.0%	25,131	-2.5%	3.20%	+16.1%
DIS	Sell	DISNEY WALT CO	$2,591,000	-8.0%	27,901	-3.1%	3.04%	+6.8%
JPM	Sell	JPMORGAN CHASE & CO	$2,485,000	+6.3%	37,313	-0.8%	2.91%	+23.4%
CVX	Sell	CHEVRON CORP NEW	$2,341,000	-2.7%	22,740	-0.9%	2.74%	+12.9%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,311,000	-3.9%	22,746	-3.0%	2.71%	+11.5%
MMM	Sell	3M CO	$2,250,000	-1.6%	12,766	-2.2%	2.64%	+14.2%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,986,000	+2.2%	12,504	-2.3%	2.33%	+18.6%
WFC	Sell	WELLS FARGO & CO NEW	$1,857,000	-9.1%	41,943	-2.9%	2.18%	+5.4%
GIS	Sell	GENERAL MILLS INC	$1,737,000	-10.8%	27,192	-0.4%	2.03%	+3.5%
MSFT	Sell	MICROSOFT CORP	$1,610,000	+11.6%	27,951	-0.8%	1.89%	+29.4%
NKE	Sell	NIKE INC	$1,586,000	-9.8%	30,125	-5.4%	1.86%	+4.7%
CL	Sell	COLGATE PALMOLIVE CO	$1,562,000	-0.2%	21,072	-1.4%	1.83%	+15.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,547,000	-7.0%	29,752	-0.1%	1.81%	+7.9%
PFE	Sell	PFIZER INC	$1,326,000	-3.9%	39,155	-0.1%	1.55%	+11.5%
CSCO	Sell	CISCO SYSTEMS INC	$1,272,000	+7.4%	40,079	-2.9%	1.49%	+24.7%
SO	Sell	SOUTHERN CO	$1,253,000	-4.7%	24,429	-0.4%	1.47%	+10.5%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,226,000	-27.5%	22,739	-1.1%	1.44%	-15.8%
MCD	Sell	MCDONALDS CORP	$1,075,000	-4.7%	9,322	-0.5%	1.26%	+10.5%
WMT	Sell	WAL-MART STORES INC	$940,000	-1.9%	13,033	-0.7%	1.10%	+13.9%
TXN	Sell	TEXAS INSTRUMENTS INC	$839,000	+11.7%	11,960	-0.3%	0.98%	+29.7%
DD	Sell	DU PONT E I DE NEMOURS & CO	$806,000	+2.5%	12,042	-0.8%	0.94%	+19.0%
ORCL	Sell	ORACLE CORP	$784,000	-5.9%	19,947	-2.0%	0.92%	+9.2%
LOW	Sell	LOWES COMPANIES INC	$669,000	-10.7%	9,262	-2.1%	0.78%	+3.7%
VWO	Sell	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$635,000	+6.0%	16,867	-0.9%	0.74%	+23.0%
UPS	Buy	UNITED PARCEL SERVICE	$615,000	+3.2%	5,631	+1.8%	0.72%	+19.6%
STT	Sell	STATE STREET CORP	$614,000	+23.3%	8,825	-4.3%	0.72%	+42.9%
ECL	Sell	ECOLAB INC	$582,000	+0.7%	4,775	-2.0%	0.68%	+16.8%
JCI	New	JOHNSON CTLS INTL PLC SHSforeign stock	$579,000	–	12,447	–	0.68%	–
DOW	Buy	DOW CHEMICAL CO	$552,000	+6.4%	10,655	+1.9%	0.65%	+23.5%
MAS	Sell	MASCO CORP	$519,000	+9.5%	15,125	-1.3%	0.61%	+26.9%
EXC	Buy	EXELON CORP	$416,000	-6.3%	12,503	+2.5%	0.49%	+8.7%
HD	Sell	HOME DEPOT INC	$343,000	-1.7%	2,665	-2.4%	0.40%	+14.2%
J	Sell	JACOBS ENGINEERING GROUP INC	$265,000	-0.7%	5,134	-4.1%	0.31%	+14.8%
GSK	Sell	GLAXOSMITHKLINE PLCforeign stock	$229,000	-1.3%	5,300	-0.9%	0.27%	+14.5%
CME	New	CME GROUP INC	$214,000	–	2,050	–	0.25%	–
SWK	New	STANLEY BLACK & DECKER INC	$201,000	–	1,632	–	0.24%	–
AA	Exit	ALCOA INC	$0	–	-10,750	–	-0.10%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-15,650	–	-0.18%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,836	–	-0.34%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-2,800	–	-0.40%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-5,900	–	-0.55%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-15,325	–	-0.68%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-13,975	–	-0.86%	–
AAPL	Exit	APPLE INC	$0	–	-11,835	–	-1.14%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-61,263	–	-1.48%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-17,577	–	-1.54%	–
ABT	Exit	ABBOTT LABORATOR IES	$0	–	-40,921	–	-1.62%	–
ABBV	Exit	ABBVIE INC	$0	–	-32,945	–	-2.06%	–
T	Exit	AT&T INC	$0	–	-48,597	–	-2.12%	–

Q2 2016

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC CO	$10,657,000	–	338,505	–	10.76%	–
XOM	New	EXXON MOBIL CORP	$7,000,000	–	74,684	–	7.07%	–
TRST	New	TRUSTCO BANK CORP NY	$6,811,000	–	1,062,442	–	6.88%	–
JNJ	New	JOHNSON & JOHNSON	$4,427,000	–	36,494	–	4.47%	–
KO	New	COCA COLA CO	$3,281,000	–	72,400	–	3.31%	–
PG	New	PROCTER & GAMBLE CO	$3,206,000	–	37,868	–	3.24%	–
DIS	New	DISNEY WALT CO	$2,816,000	–	28,781	–	2.84%	–
INTC	New	INTEL CORP	$2,814,000	–	85,778	–	2.84%	–
PEP	New	PEPSICO INC	$2,732,000	–	25,781	–	2.76%	–
CVX	New	CHEVRON CORP NEW	$2,405,000	–	22,940	–	2.43%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,404,000	–	23,445	–	2.43%	–
JPM	New	JPMORGAN CHASE & CO	$2,337,000	–	37,613	–	2.36%	–
MMM	New	3M CO	$2,286,000	–	13,054	–	2.31%	–
T	New	AT&T INC	$2,100,000	–	48,597	–	2.12%	–
WFC	New	WELLS FARGO & CO NEW	$2,044,000	–	43,181	–	2.06%	–
ABBV	New	ABBVIE INC	$2,040,000	–	32,945	–	2.06%	–
GIS	New	GENERAL MILLS INC	$1,947,000	–	27,292	–	1.97%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,943,000	–	12,804	–	1.96%	–
NKE	New	NIKE INC	$1,758,000	–	31,854	–	1.78%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,690,000	–	22,989	–	1.71%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,663,000	–	29,784	–	1.68%	–
ABT	New	ABBOTT LABORATOR IES	$1,609,000	–	40,921	–	1.62%	–
CL	New	COLGATE PALMOLIVE CO	$1,565,000	–	21,372	–	1.58%	–
MDT	New	MEDTRONIC PLCforeign stock	$1,525,000	–	17,577	–	1.54%	–
AMAT	New	APPLIED MATERIALS INC	$1,469,000	–	61,263	–	1.48%	–
MSFT	New	MICROSOFT CORP	$1,443,000	–	28,188	–	1.46%	–
PFE	New	PFIZER INC	$1,380,000	–	39,178	–	1.39%	–
SO	New	SOUTHERN CO	$1,315,000	–	24,529	–	1.33%	–
CSCO	New	CISCO SYSTEMS INC	$1,184,000	–	41,279	–	1.20%	–
AAPL	New	APPLE INC	$1,131,000	–	11,835	–	1.14%	–
MCD	New	MCDONALDS CORP	$1,128,000	–	9,372	–	1.14%	–
WMT	New	WAL-MART STORES INC	$958,000	–	13,119	–	0.97%	–
MRK	New	MERCK & CO INC	$880,000	–	15,270	–	0.89%	–
AXP	New	AMERICAN EXPRESS CO	$849,000	–	13,975	–	0.86%	–
ORCL	New	ORACLE CORP	$833,000	–	20,347	–	0.84%	–
DD	New	DU PONT E I DE NEMOURS & CO	$786,000	–	12,142	–	0.79%	–
TXN	New	TEXAS INSTRUMENTS INC	$751,000	–	11,996	–	0.76%	–
LOW	New	LOWES COMPANIES INC	$749,000	–	9,462	–	0.76%	–
TGT	New	TARGET CORP	$713,000	–	10,215	–	0.72%	–
JCI	New	JOHNSON CONTROLS INC	$679,000	–	15,325	–	0.68%	–
NBTB	New	NBT BANCORP INC	$672,000	–	23,486	–	0.68%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$599,000	–	17,027	–	0.60%	–
UPS	New	UNITED PARCEL SE RVICE	$596,000	–	5,531	–	0.60%	–
ECL	New	ECOLAB INC	$578,000	–	4,870	–	0.58%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$570,000	–	7,207	–	0.58%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$542,000	–	5,900	–	0.55%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$524,000	–	5,152	–	0.53%	–
DOW	New	DOW CHEMICAL CO	$519,000	–	10,455	–	0.52%	–
STT	New	STATE STREET CORP	$498,000	–	9,225	–	0.50%	–
MAS	New	MASCO CORP	$474,000	–	15,325	–	0.48%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual fund/stock	$474,000	–	8,489	–	0.48%	–
NSC	New	NORFOLK SOUTHERN CORP	$456,000	–	5,356	–	0.46%	–
EXC	New	EXELON CORP	$444,000	–	12,203	–	0.45%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$398,000	–	2,800	–	0.40%	–
HD	New	HOME DEPOT INC	$349,000	–	2,730	–	0.35%	–
MO	New	ALTRIA GROUP INC	$334,000	–	4,836	–	0.34%	–
J	New	JACOBS ENGINEERING GROUP INC	$267,000	–	5,352	–	0.27%	–
EMR	New	EMERSON ELECTRIC CO	$259,000	–	4,963	–	0.26%	–
C	New	CITIGROUP INC	$241,000	–	5,678	–	0.24%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$234,000	–	1,616	–	0.24%	–
GSK	New	GLAXOSMITHKLINE PLCforeign stock	$232,000	–	5,350	–	0.23%	–
LLY	New	ELI LILLY & CO	$216,000	–	2,747	–	0.22%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$173,000	–	15,650	–	0.18%	–
AA	New	ALCOA INC	$99,000	–	10,750	–	0.10%	–

Q4 2015

			Value		Shares		↓ Weighting
AA	Exit	ALCOA INC	$0	–	-11,250	–	-0.12%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-17,050	–	-0.18%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-5,685	–	-0.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,632	–	-0.23%	–
GSK	Exit	GLAXOSMITHKLINE PLCforeign stock	$0	–	-5,750	–	-0.24%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-4,250	–	-0.24%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,747	–	-0.24%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-5,213	–	-0.24%	–
CME	Exit	CME GROUP INC	$0	–	-2,550	–	-0.25%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,886	–	-0.28%	–
C	Exit	CITIGROUP INC	$0	–	-6,078	–	-0.32%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,901	–	-0.36%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-2,800	–	-0.38%	–
EXC	Exit	EXELON CORP	$0	–	-12,954	–	-0.41%	–
MAS	Exit	MASCO CORP	$0	–	-15,925	–	-0.43%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-5,303	–	-0.43%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,202	–	-0.44%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-11,088	–	-0.50%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-5,950	–	-0.51%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-7,740	–	-0.57%	–
ECL	Exit	ECOLAB INC	$0	–	-5,104	–	-0.60%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$0	–	-16,947	–	-0.60%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual fund/st	$0	–	-9,989	–	-0.61%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-6,048	–	-0.63%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-12,095	–	-0.64%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-12,442	–	-0.64%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-23,486	–	-0.67%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-9,929	–	-0.73%	–
STT	Exit	STATE STREET CORP	$0	–	-10,175	–	-0.73%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-16,875	–	-0.74%	–
ORCL	Exit	ORACLE CORP	$0	–	-21,447	–	-0.82%	–
MRK	Exit	MERCK & CO INC	$0	–	-16,220	–	-0.85%	–
TGT	Exit	TARGET CORP	$0	–	-11,187	–	-0.93%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-63,450	–	-0.99%	–
MCD	Exit	MCDONALDS CORP	$0	–	-9,822	–	-1.03%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-15,197	–	-1.05%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-14,950	–	-1.18%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-43,711	–	-1.22%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-19,266	–	-1.37%	–
PFE	Exit	PFIZER INC	$0	–	-41,338	–	-1.38%	–
SO	Exit	SOUTHERN CO	$0	–	-29,454	–	-1.40%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-31,219	–	-1.44%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-23,582	–	-1.48%	–
AAPL	Exit	APPLE INC	$0	–	-12,781	–	-1.50%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-33,324	–	-1.57%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-24,642	–	-1.66%	–
T	Exit	AT&T INC	$0	–	-48,355	–	-1.67%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-28,328	–	-1.69%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-41,359	–	-1.77%	–
ABBV	Exit	ABBVIE INC	$0	–	-33,195	–	-1.92%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-22,999	–	-1.93%	–
MMM	Exit	3M CO	$0	–	-13,314	–	-2.00%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-13,154	–	-2.02%	–
NKE	Exit	NIKE INC	$0	–	-16,502	–	-2.15%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-24,645	–	-2.33%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-46,090	–	-2.51%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,430	–	-2.55%	–
PEP	Exit	PEPSICO INC	$0	–	-27,614	–	-2.76%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-39,184	–	-2.99%	–
INTC	Exit	INTEL CORP	$0	–	-94,122	–	-3.01%	–
KO	Exit	COCA COLA CO	$0	–	-77,848	–	-3.32%	–
DIS	Exit	DISNEY WALT CO	$0	–	-30,671	–	-3.33%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-51,483	–	-5.10%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-77,263	–	-6.10%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-1,078,859	–	-6.69%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-416,366	–	-11.15%	–

Q3 2015

			Value		Shares		↓ Weighting
GE	Sell	GENERAL ELECTRIC CO	$10,501,000	-5.8%	416,366	-0.8%	11.15%	+3.3%
TRST	Sell	TRUSTCO BANK CORP NY	$6,301,000	-17.3%	1,078,859	-0.4%	6.69%	-9.2%
XOM	Sell	EXXON MOBIL CORP	$5,744,000	-10.7%	77,263	-0.1%	6.10%	-2.0%
JNJ	Sell	JOHNSON & JOHNSON	$4,806,000	-5.0%	51,483	-0.8%	5.10%	+4.3%
DIS	Sell	DISNEY WALT CO	$3,135,000	-11.0%	30,671	-0.6%	3.33%	-2.3%
KO	Sell	COCA COLA CO	$3,124,000	+1.4%	77,848	-0.9%	3.32%	+11.3%
INTC	Sell	INTEL CORP	$2,837,000	-1.3%	94,122	-0.4%	3.01%	+8.3%
PG	Sell	PROCTER & GAMBLE CO	$2,819,000	-8.7%	39,184	-0.7%	2.99%	+0.2%
PEP	Sell	PEPSICO INC	$2,604,000	+0.7%	27,614	-0.4%	2.76%	+10.5%
JPM	Sell	JPMORGAN CHASE & CO	$2,404,000	-10.3%	39,430	-0.3%	2.55%	-1.5%
WFC	Sell	WELLS FARGO & CO NEW	$2,366,000	-10.5%	46,090	-1.9%	2.51%	-1.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,193,000	-20.7%	24,645	-1.1%	2.33%	-12.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,907,000	-11.5%	13,154	-0.7%	2.02%	-2.8%
MMM	Sell	3M CO	$1,887,000	-11.5%	13,314	-3.6%	2.00%	-2.8%
ABBV	Sell	ABBVIE INC	$1,806,000	-19.3%	33,195	-0.3%	1.92%	-11.4%
ABT	Sell	ABBOTT LABORATORIES	$1,664,000	-18.4%	41,359	-0.5%	1.77%	-10.4%
GIS	Sell	GENERAL MILLS INC	$1,590,000	-2.0%	28,328	-2.7%	1.69%	+7.5%
T	Sell	AT&T INC	$1,576,000	-10.1%	48,355	-2.0%	1.67%	-1.4%
CL	Sell	COLGATE PALMOLIVE CO	$1,564,000	-3.0%	24,642	-0.1%	1.66%	+6.4%
MSFT	Sell	MICROSOFT CORP	$1,475,000	-3.2%	33,324	-3.4%	1.57%	+6.2%
AAPL	Sell	APPLE INC	$1,410,000	-12.7%	12,781	-0.8%	1.50%	-4.3%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,396,000	-11.2%	23,582	-0.1%	1.48%	-2.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,358,000	-7.0%	31,219	-0.4%	1.44%	+2.0%
SO	Sell	SOUTHERN CO	$1,317,000	+6.5%	29,454	-0.2%	1.40%	+16.8%
PFE	Sell	PFIZER INC	$1,298,000	-6.8%	41,338	-0.5%	1.38%	+2.3%
CSCO	Sell	CISCO SYSTEMS INC	$1,147,000	-5.0%	43,711	-0.7%	1.22%	+4.2%
AXP	Sell	AMERICAN EXPRESS CO	$1,108,000	-5.0%	14,950	-0.3%	1.18%	+4.3%
WMT	Sell	WAL-MART STORES INC	$985,000	-8.9%	15,197	-0.3%	1.05%	0.0%
MCD	Sell	MCDONALDS CORP	$968,000	-1.3%	9,822	-4.8%	1.03%	+8.3%
AMAT	Sell	APPLIED MATERIALS INC	$932,000	-24.7%	63,450	-1.4%	0.99%	-17.3%
MRK	Sell	MERCK & CO INC	$801,000	-16.8%	16,220	-4.1%	0.85%	-8.7%
ORCL	Sell	ORACLE CORP	$774,000	-10.9%	21,447	-0.5%	0.82%	-2.3%
STT	Sell	STATE STREET CORP	$684,000	-14.4%	10,175	-1.9%	0.73%	-6.1%
DD	Buy	DU PONT E I DE NEMOURS & CO	$599,000	-21.6%	12,442	+4.2%	0.64%	-13.9%
UPS	Sell	UNITED PARCEL SERVICE	$597,000	+0.2%	6,048	-1.6%	0.63%	+9.9%
EFA	Sell	ISHARES MSCI EAFE (MKT)mutual fund/st	$572,000	-17.0%	9,989	-7.8%	0.61%	-9.0%
VWO	Buy	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$561,000	-18.3%	16,947	+0.8%	0.60%	-10.4%
SLB	Sell	SCHLUMBERGER LTDforeign stock	$533,000	-21.0%	7,740	-1.3%	0.57%	-13.3%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$478,000	-0.4%	5,950	-0.5%	0.51%	+9.5%
NSC	Sell	NORFOLK SOUTHERN CORP	$405,000	-14.2%	5,303	-1.9%	0.43%	-5.9%
EXC	Sell	EXELON CORP	$385,000	-6.3%	12,954	-0.8%	0.41%	+2.8%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$357,000	-17.2%	2,800	-11.1%	0.38%	-9.1%
HD	Sell	HOME DEPOT INC	$335,000	+2.1%	2,901	-1.7%	0.36%	+12.3%
C	Sell	CITIGROUP INC	$301,000	-12.0%	6,078	-1.6%	0.32%	-3.3%
MO	Sell	ALTRIA GROUP INC	$265,000	+10.0%	4,886	-0.7%	0.28%	+20.6%
CME	Sell	CME GROUP INC	$236,000	-4.5%	2,550	-3.8%	0.25%	+5.0%
GSK	Sell	GLAXOSMITHKLINE PLCforeign stock	$221,000	-7.9%	5,750	-0.4%	0.24%	+1.3%
NLY	Sell	ANNALY CAPITAL MANAGEMENT INC	$169,000	-1.2%	17,050	-8.6%	0.18%	+8.5%

Q2 2015

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC CO	$11,153,000	–	419,759	–	10.79%	–
TRST	New	TRUSTCO BANK CORP NY	$7,617,000	–	1,083,417	–	7.37%	–
XOM	New	EXXON MOBIL CORP	$6,432,000	–	77,313	–	6.22%	–
JNJ	New	JOHNSON & JOHNSON	$5,057,000	–	51,883	–	4.89%	–
DIS	New	DISNEY WALT CO	$3,523,000	–	30,871	–	3.41%	–
PG	New	PROCTER & GAMBLE CO	$3,087,000	–	39,449	–	2.99%	–
KO	New	COCA COLA CO	$3,081,000	–	78,548	–	2.98%	–
INTC	New	INTEL CORP	$2,874,000	–	94,482	–	2.78%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,765,000	–	24,925	–	2.68%	–
JPM	New	JPMORGAN CHASE & CO	$2,679,000	–	39,530	–	2.59%	–
WFC	New	WELLS FARGO & CO NEW	$2,643,000	–	46,990	–	2.56%	–
PEP	New	PEPSICO INC	$2,587,000	–	27,714	–	2.50%	–
ABBV	New	ABBVIE INC	$2,237,000	–	33,295	–	2.16%	–
CVX	New	CHEVRON CORP NEW	$2,218,000	–	22,999	–	2.15%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$2,154,000	–	13,241	–	2.08%	–
MMM	New	3M CO	$2,131,000	–	13,814	–	2.06%	–
ABT	New	ABBOTT LABORATORIES	$2,039,000	–	41,559	–	1.97%	–
NKE	New	NIKE INC	$1,782,000	–	16,502	–	1.72%	–
T	New	AT&T INC	$1,753,000	–	49,354	–	1.70%	–
GIS	New	GENERAL MILLS INC	$1,623,000	–	29,128	–	1.57%	–
AAPL	New	APPLE INC	$1,616,000	–	12,880	–	1.56%	–
CL	New	COLGATE PALMOLIVE CO	$1,613,000	–	24,658	–	1.56%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,572,000	–	23,615	–	1.52%	–
MSFT	New	MICROSOFT CORP	$1,523,000	–	34,484	–	1.47%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,461,000	–	31,345	–	1.41%	–
MDT	New	MEDTRONIC PLCforeign stock	$1,428,000	–	19,266	–	1.38%	–
PFE	New	PFIZER INC	$1,392,000	–	41,538	–	1.35%	–
SO	New	SOUTHERN CO	$1,237,000	–	29,504	–	1.20%	–
AMAT	New	APPLIED MATERIALS INC	$1,237,000	–	64,350	–	1.20%	–
CSCO	New	CISCO SYSTEMS INC	$1,208,000	–	44,011	–	1.17%	–
AXP	New	AMERICAN EXPRESS CO	$1,166,000	–	15,000	–	1.13%	–
WMT	New	WAL-MART STORES INC	$1,081,000	–	15,247	–	1.05%	–
MCD	New	MCDONALDS CORP	$981,000	–	10,322	–	0.95%	–
MRK	New	MERCK & CO INC	$963,000	–	16,920	–	0.93%	–
TGT	New	TARGET CORP	$913,000	–	11,187	–	0.88%	–
ORCL	New	ORACLE CORP	$869,000	–	21,547	–	0.84%	–
JCI	New	JOHNSON CONTROLS INC	$836,000	–	16,875	–	0.81%	–
STT	New	STATE STREET CORP	$799,000	–	10,375	–	0.77%	–
DD	New	DU PONT E I DE NEMOURS & CO	$764,000	–	11,942	–	0.74%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual fund/st	$689,000	–	10,839	–	0.67%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$687,000	–	16,820	–	0.66%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$675,000	–	7,840	–	0.65%	–
LOW	New	LOWES COMPANIES INC	$665,000	–	9,929	–	0.64%	–
TXN	New	TEXAS INSTRUMENTS INC	$623,000	–	12,095	–	0.60%	–
NBTB	New	NBT BANCORP INC	$615,000	–	23,486	–	0.60%	–
UPS	New	UNITED PARCEL SERVICE	$596,000	–	6,148	–	0.58%	–
ECL	New	ECOLAB INC	$577,000	–	5,104	–	0.56%	–
DOW	New	DOW CHEMICAL CO	$568,000	–	11,088	–	0.55%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$480,000	–	5,980	–	0.46%	–
NSC	New	NORFOLK SOUTHERN CORP	$472,000	–	5,403	–	0.46%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$431,000	–	3,150	–	0.42%	–
MAS	New	MASCO CORP	$425,000	–	15,925	–	0.41%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$417,000	–	5,202	–	0.40%	–
EXC	New	EXELON CORP	$411,000	–	13,054	–	0.40%	–
C	New	CITIGROUP INC	$342,000	–	6,178	–	0.33%	–
HD	New	HOME DEPOT INC	$328,000	–	2,951	–	0.32%	–
EMR	New	EMERSON ELECTRIC CO	$289,000	–	5,213	–	0.28%	–
BHI	New	BAKER HUGHES INC	$262,000	–	4,250	–	0.25%	–
CME	New	CME GROUP INC	$247,000	–	2,650	–	0.24%	–
MO	New	ALTRIA GROUP INC	$241,000	–	4,919	–	0.23%	–
GSK	New	GLAXOSMITHKLINE PLCforeign stock	$240,000	–	5,775	–	0.23%	–
J	New	JACOBS ENGINEERING GROUP	$231,000	–	5,685	–	0.22%	–
LLY	New	ELI LILLY & CO	$230,000	–	2,747	–	0.22%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$222,000	–	1,632	–	0.22%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$171,000	–	18,650	–	0.16%	–
AA	New	ALCOA INC	$126,000	–	11,250	–	0.12%	–

Q4 2014

			Value		Shares		↓ Weighting
AA	Exit	ALCOA INC	$0	–	-12,400	–	-0.18%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-19,050	–	-0.19%	–
ALL	Exit	ALLSTATE CORP	$0	–	-3,350	–	-0.19%	–
CME	Exit	CME GROUP INC	$0	–	-2,650	–	-0.20%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,243	–	-0.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-1,632	–	-0.21%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,119	–	-0.22%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,316	–	-0.22%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,721	–	-0.23%	–
GSK	Exit	GLAXOSMITHKLINE PLCforeign stock	$0	–	-6,158	–	-0.26%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-4,350	–	-0.26%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-5,835	–	-0.26%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-4,863	–	-0.28%	–
APA	Exit	APACHE CORP	$0	–	-3,275	–	-0.28%	–
C	Exit	CITIGROUP INC	$0	–	-6,378	–	-0.30%	–
MAS	Exit	MASCO CORP	$0	–	-17,850	–	-0.39%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-3,400	–	-0.41%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,652	–	-0.44%	–
EXC	Exit	EXELON CORP	$0	–	-14,887	–	-0.47%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-23,486	–	-0.49%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-6,393	–	-0.49%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-10,101	–	-0.49%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-5,050	–	-0.52%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-12,025	–	-0.53%	–
ECL	Exit	ECOLAB INC	$0	–	-5,104	–	-0.54%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)mutual fund/stock	$0	–	-9,316	–	-0.55%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-11,921	–	-0.58%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-6,398	–	-0.58%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-6,699	–	-0.63%	–
TGT	Exit	TARGET CORP	$0	–	-12,012	–	-0.69%	–
VWO	Exit	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$0	–	-18,405	–	-0.71%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-17,750	–	-0.72%	–
STT	Exit	STATE STREET CORP	$0	–	-10,800	–	-0.73%	–
ORCL	Exit	ORACLE CORP	$0	–	-24,247	–	-0.86%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-13,336	–	-0.88%	–
MCD	Exit	MCDONALDS CORP	$0	–	-10,695	–	-0.93%	–
MRK	Exit	MERCK & CO INC	$0	–	-17,353	–	-0.95%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-21,972	–	-1.04%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-44,802	–	-1.04%	–
AAPL	Exit	APPLE INC	$0	–	-12,782	–	-1.19%	–
PFE	Exit	PFIZER INC	$0	–	-44,003	–	-1.20%	–
MDT	Exit	MEDTRONIC INC	$0	–	-21,638	–	-1.23%	–
SO	Exit	SOUTHERN CO	$0	–	-31,044	–	-1.25%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-15,800	–	-1.27%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-66,650	–	-1.33%	–
NKE	Exit	NIKE INC	$0	–	-17,052	–	-1.40%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-30,860	–	-1.43%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-32,436	–	-1.49%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-35,781	–	-1.53%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-25,577	–	-1.54%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-21,852	–	-1.54%	–
T	Exit	AT&T INC	$0	–	-50,238	–	-1.63%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-43,774	–	-1.68%	–
MMM	Exit	3M CO	$0	–	-14,352	–	-1.87%	–
ABBV	Exit	ABBVIE INC	$0	–	-35,285	–	-1.88%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,768	–	-2.21%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-51,564	–	-2.46%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-14,133	–	-2.47%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-25,656	–	-2.49%	–
DIS	Exit	DISNEY WALT CO	$0	–	-32,421	–	-2.66%	–
PEP	Exit	PEPSICO INC	$0	–	-32,350	–	-2.77%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-25,477	–	-2.80%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-40,244	–	-3.10%	–
INTC	Exit	INTEL CORP	$0	–	-100,405	–	-3.22%	–
KO	Exit	COCA COLA CO	$0	–	-93,169	–	-3.66%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-54,681	–	-5.37%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-1,104,270	–	-6.55%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-79,843	–	-6.92%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-455,866	–	-10.75%	–

Q3 2014

			Value		Shares		↓ Weighting
GE	Buy	GENERAL ELECTRIC CO	$11,679,000	-1.3%	455,866	+1.3%	10.75%	-2.7%
XOM	Buy	EXXON MOBIL CORP	$7,510,000	-3.5%	79,843	+3.3%	6.92%	-4.9%
JNJ	Sell	JOHNSON & JOHNSON	$5,828,000	+1.4%	54,681	-0.4%	5.37%	-0.1%
KO	Sell	COCA COLA CO	$3,975,000	-1.7%	93,169	-2.4%	3.66%	-3.1%
INTC	Sell	INTEL CORP	$3,496,000	+12.1%	100,405	-0.5%	3.22%	+10.5%
PG	Sell	PROCTER & GAMBLE CO	$3,370,000	+3.3%	40,244	-3.0%	3.10%	+1.8%
CVX	Sell	CHEVRON CORP NEW	$3,040,000	-9.1%	25,477	-0.6%	2.80%	-10.5%
DIS	Sell	DISNEY WALT CO	$2,886,000	-3.9%	32,421	-7.4%	2.66%	-5.3%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,709,000	-9.8%	25,656	-1.4%	2.49%	-11.2%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$2,683,000	+16.7%	14,133	+11.4%	2.47%	+14.9%
WFC	Buy	WELLS FARGO & CO NEW	$2,674,000	+0.0%	51,564	+1.4%	2.46%	-1.4%
JPM	Buy	JPMORGAN CHASE & CO	$2,396,000	+5.8%	39,768	+1.2%	2.21%	+4.2%
ABBV	Sell	ABBVIE INC	$2,038,000	-0.0%	35,285	-2.4%	1.88%	-1.5%
MMM	Sell	3M CO	$2,034,000	-3.9%	14,352	-2.8%	1.87%	-5.3%
ABT	Sell	ABBOTT LABORATORIES	$1,821,000	-2.3%	43,774	-3.9%	1.68%	-3.7%
T	Sell	AT&T INC	$1,770,000	-0.5%	50,238	-0.1%	1.63%	-2.0%
WMT	Sell	WAL-MART STORES INC	$1,671,000	-2.0%	21,852	-3.8%	1.54%	-3.5%
MSFT	Sell	MICROSOFT CORP	$1,659,000	+9.7%	35,781	-1.4%	1.53%	+8.1%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,621,000	+3.5%	32,436	+1.3%	1.49%	+2.0%
GIS	Sell	GENERAL MILLS INC	$1,557,000	-4.2%	30,860	-0.3%	1.43%	-5.7%
NKE	Sell	NIKE INC	$1,521,000	+12.7%	17,052	-2.0%	1.40%	+11.0%
AMAT	Sell	APPLIED MATERIALS INC	$1,441,000	-4.4%	66,650	-0.3%	1.33%	-5.9%
AXP	New	AMERICAN EXPRESS CO	$1,383,000	–	15,800	–	1.27%	–
PFE	Buy	PFIZER INC	$1,301,000	+1.0%	44,003	+1.4%	1.20%	-0.5%
AAPL	Buy	APPLE INC	$1,288,000	+8.8%	12,782	+0.3%	1.19%	+7.1%
CSCO	Sell	CISCO SYSTEMS INC	$1,128,000	+0.5%	44,802	-0.8%	1.04%	-1.0%
ORCL	Sell	ORACLE CORP	$929,000	-6.6%	24,247	-1.2%	0.86%	-8.1%
JCI	Sell	JOHNSON CONTROLS INC	$781,000	-12.1%	17,750	-0.3%	0.72%	-13.5%
VWO	Buy	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$768,000	-2.4%	18,405	+0.9%	0.71%	-3.9%
TGT	Buy	TARGET CORP	$752,000	+9.0%	12,012	+0.8%	0.69%	+7.3%
UPS	Sell	UNITED PARCEL SERVICE	$628,000	-7.0%	6,398	-2.7%	0.58%	-8.4%
DOW	Sell	DOW CHEMICAL CO	$625,000	-8.1%	11,921	-9.8%	0.58%	-9.6%
EFA	Buy	ISHARES MSCI EAFE (MKT)mutual fund/stock	$598,000	-5.1%	9,316	+1.1%	0.55%	-6.5%
LOW	Sell	LOWES COMPANIES INC	$535,000	+6.2%	10,101	-3.8%	0.49%	+4.7%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$531,000	+3.1%	6,393	-1.5%	0.49%	+1.7%
EXC	Sell	EXELON CORP	$508,000	-6.8%	14,887	-0.3%	0.47%	-8.1%
C	Buy	CITIGROUP INC	$331,000	+15.7%	6,378	+4.9%	0.30%	+14.2%
APA	New	APACHE CORP	$308,000	–	3,275	–	0.28%	–
EMR	Sell	EMERSON ELECTRIC CO	$305,000	-10.8%	4,863	-5.8%	0.28%	-12.2%
J	Sell	JACOBS ENGINEERING GROUP	$285,000	-8.7%	5,835	-0.2%	0.26%	-10.3%
GSK	Sell	GLAXOSMITHKLINE PLCforeign stock	$283,000	-15.5%	6,158	-1.6%	0.26%	-16.6%
MO	New	ALTRIA GROUP INC	$236,000	–	5,119	–	0.22%	–
CME	New	CME GROUP INC	$212,000	–	2,650	–	0.20%	–
ALL	New	ALLSTATE CORP	$206,000	–	3,350	–	0.19%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$203,000	–	19,050	–	0.19%	–
AA	Sell	ALCOA INC	$199,000	+1.0%	12,400	-6.1%	0.18%	-0.5%
BHP	Exit	BHP BILLITON LTDforeign stock	$0	–	-3,250	–	-0.21%	–
LB	Exit	L BRANDS	$0	–	-4,800	–	-0.26%	–

Q2 2014

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC CO	$11,830,000	–	450,125	–	11.06%	–
XOM	New	EXXON MOBIL CORP	$7,779,000	–	77,270	–	7.27%	–
TRST	New	TRUSTCO BANK CORP NY	$7,377,000	–	1,104,270	–	6.90%	–
JNJ	New	JOHNSON & JOHNSON	$5,745,000	–	54,911	–	5.37%	–
KO	New	COCA COLA CO	$4,043,000	–	95,461	–	3.78%	–
CVX	New	CHEVRON CORP NEW	$3,346,000	–	25,627	–	3.13%	–
PG	New	PROCTER & GAMBLE CO	$3,261,000	–	41,500	–	3.05%	–
INTC	New	INTEL CORP	$3,118,000	–	100,905	–	2.91%	–
UTX	New	UNITED TECHNOLOGIES CORP	$3,004,000	–	26,016	–	2.81%	–
DIS	New	DISNEY WALT CO	$3,003,000	–	35,021	–	2.81%	–
PEP	New	PEPSICO INC	$2,890,000	–	32,350	–	2.70%	–
WFC	New	WELLS FARGO & CO NEW	$2,673,000	–	50,864	–	2.50%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$2,299,000	–	12,683	–	2.15%	–
JPM	New	JPMORGAN CHASE & CO	$2,265,000	–	39,304	–	2.12%	–
MMM	New	3M CO	$2,116,000	–	14,768	–	1.98%	–
ABBV	New	ABBVIE INC	$2,039,000	–	36,140	–	1.91%	–
ABT	New	ABBOTT LABORATOR	$1,863,000	–	45,544	–	1.74%	–
T	New	AT&T INC	$1,779,000	–	50,310	–	1.66%	–
CL	New	COLGATE PALMOLIVE CO	$1,743,000	–	25,577	–	1.63%	–
WMT	New	WAL-MART STORES INC	$1,705,000	–	22,716	–	1.59%	–
GIS	New	GENERAL MILLS INC	$1,626,000	–	30,960	–	1.52%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,566,000	–	32,005	–	1.46%	–
MSFT	New	MICROSOFT CORP	$1,512,000	–	36,281	–	1.41%	–
AMAT	New	APPLIED MATERIALS INC	$1,508,000	–	66,850	–	1.41%	–
SO	New	SOUTHERN CO	$1,409,000	–	31,044	–	1.32%	–
MDT	New	MEDTRONIC INC	$1,379,000	–	21,638	–	1.29%	–
NKE	New	NIKE INC	$1,350,000	–	17,398	–	1.26%	–
PFE	New	PFIZER INC	$1,288,000	–	43,378	–	1.20%	–
AAPL	New	APPLE INC	$1,184,000	–	12,740	–	1.11%	–
CSCO	New	CISCO SYSTEMS INC	$1,122,000	–	45,152	–	1.05%	–
MCD	New	MCDONALDS CORP	$1,077,000	–	10,695	–	1.01%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,066,000	–	21,972	–	1.00%	–
MRK	New	MERCK & CO INC	$1,004,000	–	17,353	–	0.94%	–
ORCL	New	ORACLE CORP	$995,000	–	24,547	–	0.93%	–
JCI	New	JOHNSON CONTROLS INC	$889,000	–	17,800	–	0.83%	–
DD	New	DU PONT E I DE NEMOURS & CO	$872,000	–	13,336	–	0.82%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$790,000	–	6,699	–	0.74%	–
VWO	New	VANGUARD EMERGING MARKETS STOCKmutual fund/stock	$787,000	–	18,235	–	0.74%	–
STT	New	STATE STREET CORP	$726,000	–	10,800	–	0.68%	–
TGT	New	TARGET CORP	$690,000	–	11,912	–	0.64%	–
DOW	New	DOW CHEMICAL CO	$680,000	–	13,221	–	0.64%	–
UPS	New	UNITED PARCEL SERVICE	$675,000	–	6,573	–	0.63%	–
EFA	New	ISHARES MSCI EAFE (MKT)mutual fund/stock	$630,000	–	9,216	–	0.59%	–
TXN	New	TEXAS INSTRUMENTS INC	$575,000	–	12,025	–	0.54%	–
ECL	New	ECOLAB INC	$568,000	–	5,104	–	0.53%	–
NBTB	New	NBT BANCORP INC	$564,000	–	23,486	–	0.53%	–
EXC	New	EXELON CORP	$545,000	–	14,937	–	0.51%	–
NSC	New	NORFOLK SOUTHERN CORP	$520,000	–	5,050	–	0.49%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$515,000	–	6,493	–	0.48%	–
LOW	New	LOWES COMPANIES INC	$504,000	–	10,501	–	0.47%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$477,000	–	5,652	–	0.45%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$437,000	–	3,400	–	0.41%	–
MAS	New	MASCO CORP	$396,000	–	17,850	–	0.37%	–
EMR	New	EMERSON ELECTRIC CO	$342,000	–	5,163	–	0.32%	–
GSK	New	GLAXOSMITHKLINE PLCforeign stock	$335,000	–	6,258	–	0.31%	–
BHI	New	BAKER HUGHES INC	$324,000	–	4,350	–	0.30%	–
J	New	JACOBS ENGINEERING GROUP	$312,000	–	5,849	–	0.29%	–
C	New	CITIGROUP INC	$286,000	–	6,078	–	0.27%	–
LB	New	L BRANDS	$282,000	–	4,800	–	0.26%	–
CAT	New	CATERPILLAR INC	$244,000	–	2,243	–	0.23%	–
BHP	New	BHP BILLITON LTDforeign stock	$222,000	–	3,250	–	0.21%	–
HD	New	HOME DEPOT INC	$220,000	–	2,721	–	0.21%	–
LMT	New	LOCKHEED MARTIN CORP	$212,000	–	1,316	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$207,000	–	1,632	–	0.19%	–
AA	New	ALCOA INC	$197,000	–	13,200	–	0.18%	–

Q4 2013

			Value		Shares		↓ Weighting
AA	Exit	ALCOA INC	$0	–	-19,700	–	-0.16%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-4,400	–	-0.22%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,643	–	-0.22%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT INC	$0	–	-20,400	–	-0.24%	–
APA	Exit	APACHE CORP	$0	–	-3,075	–	-0.26%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-9,006	–	-0.28%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,864	–	-0.29%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-5,849	–	-0.34%	–
GSK	Exit	GLAXOSMITHKLINE PLCforeign stock	$0	–	-6,928	–	-0.34%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-5,413	–	-0.35%	–
MAS	Exit	MASCO CORP	$0	–	-17,550	–	-0.37%	–
BHP	Exit	BHP BILLITON LTDforeign stock	$0	–	-5,950	–	-0.39%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-5,400	–	-0.42%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-4,100	–	-0.43%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-6,693	–	-0.48%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-5,835	–	-0.50%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-10,651	–	-0.50%	–
ECL	Exit	ECOLAB INC	$0	–	-5,284	–	-0.52%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-12,975	–	-0.52%	–
EXC	Exit	EXELON CORP	$0	–	-17,887	–	-0.53%	–
EFA	Exit	ISHARESmutual fund/stock	$0	–	-8,376	–	-0.53%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-23,486	–	-0.54%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-6,299	–	-0.55%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-15,500	–	-0.59%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-7,098	–	-0.64%	–
STT	Exit	STATE STREET CORP	$0	–	-11,075	–	-0.72%	–
VWO	Exit	VANGUARDmutual fund/stock	$0	–	-18,865	–	-0.75%	–
MRK	Exit	MERCK & CO INC	$0	–	-16,276	–	-0.77%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-18,750	–	-0.77%	–
MCD	Exit	MCDONALDS CORP	$0	–	-8,295	–	-0.79%	–
AAPL	Exit	APPLE INC	$0	–	-1,760	–	-0.83%	–
ORCL	Exit	ORACLE CORP	$0	–	-25,947	–	-0.85%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-14,836	–	-0.86%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-21,672	–	-1.00%	–
TGT	Exit	TARGET CORP	$0	–	-15,851	–	-1.01%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-49,858	–	-1.16%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-66,950	–	-1.17%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-15,650	–	-1.17%	–
PFE	Exit	PFIZER INC	$0	–	-41,321	–	-1.18%	–
NKE	Exit	NIKE INC	$0	–	-16,598	–	-1.20%	–
MDT	Exit	MEDTRONIC INC	$0	–	-22,963	–	-1.22%	–
SO	Exit	SOUTHERN CO	$0	–	-31,928	–	-1.31%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-39,824	–	-1.32%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-47,012	–	-1.55%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-33,275	–	-1.58%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-34,219	–	-1.59%	–
ABBV	Exit	ABBVIE INC	$0	–	-38,233	–	-1.70%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-29,119	–	-1.72%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-24,141	–	-1.78%	–
T	Exit	AT&T INC	$0	–	-54,800	–	-1.84%	–
MMM	Exit	3M CO	$0	–	-16,150	–	-1.92%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,566	–	-2.03%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-50,724	–	-2.08%	–
INTC	Exit	INTEL CORP	$0	–	-100,833	–	-2.30%	–
IBM	Exit	IBM CORP	$0	–	-13,027	–	-2.40%	–
DIS	Exit	DISNEY WALT CO	$0	–	-37,996	–	-2.44%	–
PEP	Exit	PEPSICO INC	$0	–	-35,275	–	-2.79%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-28,095	–	-3.01%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-43,095	–	-3.24%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-27,165	–	-3.28%	–
KO	Exit	COCA COLA CO	$0	–	-105,189	–	-3.96%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-57,563	–	-4.96%	–
TRST	Exit	TRUSTCO BANK CORP NY	$0	–	-1,104,270	–	-6.53%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-82,359	–	-7.04%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-505,076	–	-11.99%	–

Q3 2013

			Value		Shares		↓ Weighting
GE	Sell	GENERAL ELECTRIC CO	$12,066,000	-2.8%	505,076	-5.6%	11.99%	+0.5%
XOM	Sell	EXXON MOBIL CORP	$7,086,000	-10.9%	82,359	-6.4%	7.04%	-7.8%
TRST	Sell	TRUSTCO BANK CORP NY	$6,571,000	+2.9%	1,104,270	-6.0%	6.53%	+6.4%
JNJ	Sell	JOHNSON & JOHNSON	$4,990,000	-0.1%	57,563	-1.0%	4.96%	+3.3%
KO	Sell	COCA COLA CO	$3,984,000	-12.1%	105,189	-6.9%	3.96%	-9.1%
CVX	Sell	CHEVRON CORP NEW	$3,300,000	-0.8%	27,165	-3.4%	3.28%	+2.6%
PG	Sell	PROCTER & GAMBLE CO	$3,257,000	-4.0%	43,095	-2.2%	3.24%	-0.7%
UTX	Sell	UNITED TECHNOLOGIES CORP	$3,030,000	+11.3%	28,095	-4.1%	3.01%	+15.1%
PEP	Sell	PEPSICO INC	$2,804,000	-5.5%	35,275	-2.7%	2.79%	-2.2%
DIS	Sell	DISNEY WALT CO	$2,451,000	-7.9%	37,996	-9.8%	2.44%	-4.8%
IBM	Sell	IBM CORP	$2,412,000	-7.1%	13,027	-4.1%	2.40%	-3.9%
INTC	Buy	INTEL CORP	$2,311,000	+4.1%	100,833	+10.0%	2.30%	+7.6%
WFC	Buy	WELLS FARGO & CO NEW	$2,096,000	+1.9%	50,724	+1.7%	2.08%	+5.4%
JPM	Buy	JPMORGAN CHASE & CO	$2,045,000	+1.1%	39,566	+3.2%	2.03%	+4.5%
MMM	Sell	3M CO	$1,929,000	+4.7%	16,150	-4.2%	1.92%	+8.2%
T	Sell	AT&T INC	$1,853,000	-6.4%	54,800	-2.0%	1.84%	-3.2%
WMT	Sell	WAL-MART STORES INC	$1,786,000	-2.2%	24,141	-1.5%	1.78%	+1.1%
CL	Sell	COLGATE PALMOLIVE CO	$1,727,000	+2.7%	29,119	-0.8%	1.72%	+6.3%
ABBV	Sell	ABBVIE INC	$1,710,000	+2.1%	38,233	-5.6%	1.70%	+5.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,598,000	-9.1%	34,219	-2.0%	1.59%	-6.0%
GIS	Sell	GENERAL MILLS INC	$1,595,000	-3.5%	33,275	-2.3%	1.58%	-0.3%
ABT	Sell	ABBOTT LABORATORIES	$1,561,000	-6.8%	47,012	-2.1%	1.55%	-3.6%
MSFT	Sell	MICROSOFT CORP	$1,326,000	-60.7%	39,824	-59.3%	1.32%	-59.4%
SO	Sell	SOUTHERN CO	$1,315,000	-7.6%	31,928	-0.9%	1.31%	-4.4%
MDT	Sell	MEDTRONIC INC	$1,223,000	-5.0%	22,963	-8.3%	1.22%	-1.9%
NKE	Sell	NIKE INC	$1,206,000	+2.4%	16,598	-10.3%	1.20%	+5.8%
PFE	Buy	PFIZER INC	$1,187,000	+12.0%	41,321	+9.3%	1.18%	+15.7%
AXP	Buy	AMERICAN EXPRESS CO	$1,182,000	+15.0%	15,650	+13.8%	1.17%	+18.8%
AMAT	Sell	APPLIED MATERIALS INC	$1,174,000	+15.2%	66,950	-2.0%	1.17%	+19.1%
CSCO	Buy	CISCO SYSTEMS INC	$1,169,000	+0.2%	49,858	+4.0%	1.16%	+3.7%
TGT	Buy	TARGET CORP	$1,014,000	+3.8%	15,851	+11.8%	1.01%	+7.3%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,003,000	+1.7%	21,672	-1.8%	1.00%	+5.2%
DD	Sell	DU PONT E I DE NEMOURS & CO	$869,000	+8.6%	14,836	-2.6%	0.86%	+12.2%
ORCL	Buy	ORACLE CORP	$860,000	+43.1%	25,947	+32.4%	0.85%	+47.8%
AAPL	Buy	APPLE INC	$839,000	+100.7%	1,760	+66.8%	0.83%	+107.5%
MCD	Buy	MCDONALDS CORP	$798,000	+0.3%	8,295	+3.1%	0.79%	+3.7%
MRK	Buy	MERCK & CO INC	$775,000	+3.7%	16,276	+1.2%	0.77%	+7.2%
VWO	Sell	VANGUARDmutual fund/stock	$757,000	-53.6%	18,865	-55.2%	0.75%	-52.0%
STT	Sell	STATE STREET CORP	$728,000	-1.4%	11,075	-2.2%	0.72%	+2.0%
UPS	Sell	UNITED PARCEL SERVICE	$648,000	+4.7%	7,098	-0.9%	0.64%	+8.2%
DOW	Buy	DOW CHEMICAL CO	$596,000	+21.9%	15,500	+2.0%	0.59%	+26.0%
EFA	Buy	ISHARESmutual fund/stock	$534,000	+33.8%	8,376	+20.1%	0.53%	+38.6%
EXC	Buy	EXELON CORP	$530,000	+3.5%	17,887	+8.0%	0.53%	+7.1%
TXN	Buy	TEXAS INSTRUMENTS INC	$523,000	+16.5%	12,975	+0.8%	0.52%	+20.6%
ECL	Sell	ECOLAB INC	$522,000	+6.1%	5,284	-8.4%	0.52%	+9.7%
LOW	Sell	LOWES COMPANIES INC	$507,000	+12.9%	10,651	-3.0%	0.50%	+16.9%
PM	Buy	PHILIP MORRIS INTERNATIONAL INC	$505,000	+1.8%	5,835	+1.7%	0.50%	+5.2%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$485,000	-4.5%	6,693	-9.2%	0.48%	-1.2%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$437,000	+3.8%	4,100	-10.9%	0.43%	+7.2%
BHP	Sell	BHP BILLITON LTDforeign stock	$396,000	-1.0%	5,950	-14.4%	0.39%	+2.3%
MAS	Sell	MASCO CORP	$373,000	+8.7%	17,550	-0.3%	0.37%	+12.4%
GSK	Sell	GLAXOSMITHKLINE PLCforeign stock	$347,000	-16.0%	6,928	-16.1%	0.34%	-13.1%
J	Buy	JACOBS ENGINEERING GROUP	$340,000	+7.3%	5,849	+1.7%	0.34%	+10.8%
HD	Sell	HOME DEPOT INC	$293,000	-5.8%	3,864	-3.7%	0.29%	-2.7%
CAT	Sell	CATERPILLAR INC	$220,000	-6.0%	2,643	-7.0%	0.22%	-2.7%
AA	Sell	ALCOA INC	$160,000	-1.2%	19,700	-4.8%	0.16%	+1.9%
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,500	–	-0.20%	–

Q2 2013

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC CO	$12,408,000	–	535,060	–	11.92%	–
XOM	New	EXXON MOBIL CORP	$7,950,000	–	87,991	–	7.64%	–
TRST	New	TRUSTCO BANK CORP NY	$6,388,000	–	1,174,270	–	6.14%	–
JNJ	New	JOHNSON & JOHNSON	$4,993,000	–	58,152	–	4.80%	–
KO	New	COCA COLA CO	$4,532,000	–	112,989	–	4.36%	–
PG	New	PROCTER & GAMBLE CO	$3,392,000	–	44,048	–	3.26%	–
MSFT	New	MICROSOFT CORP	$3,378,000	–	97,777	–	3.25%	–
CVX	New	CHEVRON CORP NEW	$3,327,000	–	28,119	–	3.20%	–
PEP	New	PEPSICO INC	$2,966,000	–	36,258	–	2.85%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,723,000	–	29,295	–	2.62%	–
DIS	New	DISNEY WALT CO	$2,662,000	–	42,146	–	2.56%	–
IBM	New	IBM CORP	$2,595,000	–	13,577	–	2.49%	–
INTC	New	INTEL CORP	$2,220,000	–	91,625	–	2.13%	–
WFC	New	WELLS FARGO & CO NEW	$2,057,000	–	49,857	–	1.98%	–
JPM	New	JPMORGAN CHASE & CO	$2,023,000	–	38,325	–	1.94%	–
T	New	AT&T INC	$1,979,000	–	55,920	–	1.90%	–
MMM	New	3M CO	$1,843,000	–	16,850	–	1.77%	–
WMT	New	WAL-MART STORES INC	$1,826,000	–	24,516	–	1.76%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,758,000	–	34,919	–	1.69%	–
CL	New	COLGATE PALMOLIVE CO	$1,681,000	–	29,352	–	1.62%	–
ABBV	New	ABBVIE INC	$1,675,000	–	40,513	–	1.61%	–
ABT	New	ABBOTT LABORATORIES	$1,674,000	–	48,013	–	1.61%	–
GIS	New	GENERAL MILLS INC	$1,653,000	–	34,075	–	1.59%	–
VWO	New	VANGUARDmutual funds global	$1,632,000	–	42,070	–	1.57%	–
SO	New	SOUTHERN CO	$1,423,000	–	32,228	–	1.37%	–
MDT	New	MEDTRONIC INC	$1,288,000	–	25,030	–	1.24%	–
NKE	New	NIKE INC	$1,178,000	–	18,498	–	1.13%	–
CSCO	New	CISCO SYSTEMS INC	$1,167,000	–	47,925	–	1.12%	–
PFE	New	PFIZER INC	$1,060,000	–	37,821	–	1.02%	–
AXP	New	AMERICAN EXPRESS CO	$1,028,000	–	13,750	–	0.99%	–
AMAT	New	APPLIED MATERIALS INC	$1,019,000	–	68,300	–	0.98%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$986,000	–	22,072	–	0.95%	–
TGT	New	TARGET CORP	$977,000	–	14,184	–	0.94%	–
DD	New	DU PONT E I DE NEMOURS & CO	$800,000	–	15,236	–	0.77%	–
MCD	New	MCDONALDS CORP	$796,000	–	8,045	–	0.76%	–
MRK	New	MERCK & CO INC	$747,000	–	16,076	–	0.72%	–
STT	New	STATE STREET CORP	$738,000	–	11,325	–	0.71%	–
JCI	New	JOHNSON CONTROLS INC	$671,000	–	18,750	–	0.64%	–
UPS	New	UNITED PARCEL SERVICE	$619,000	–	7,165	–	0.60%	–
ORCL	New	ORACLE CORP	$601,000	–	19,597	–	0.58%	–
EXC	New	EXELON CORP	$512,000	–	16,562	–	0.49%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$508,000	–	7,373	–	0.49%	–
NBTB	New	NBT BANCORP INC	$497,000	–	23,486	–	0.48%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$496,000	–	5,735	–	0.48%	–
ECL	New	ECOLAB INC	$492,000	–	5,767	–	0.47%	–
DOW	New	DOW CHEMICAL CO	$489,000	–	15,200	–	0.47%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$451,000	–	6,299	–	0.43%	–
LOW	New	LOWES COMPANIES INC	$449,000	–	10,984	–	0.43%	–
TXN	New	TEXAS INSTRUMENTS INC	$449,000	–	12,875	–	0.43%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$421,000	–	4,600	–	0.40%	–
AAPL	New	APPLE INC	$418,000	–	1,055	–	0.40%	–
GSK	New	GLAXOSMITHKLINE PLCforeign stock	$413,000	–	8,261	–	0.40%	–
BHP	New	BHP BILLITON LTDforeign stock	$400,000	–	6,950	–	0.38%	–
EFA	New	ISHARESmutual fund/stock	$399,000	–	6,976	–	0.38%	–
NSC	New	NORFOLK SOUTHERN CORP	$392,000	–	5,400	–	0.38%	–
MAS	New	MASCO CORP	$343,000	–	17,600	–	0.33%	–
J	New	JACOBS ENGINEERING GROUP	$317,000	–	5,749	–	0.30%	–
HD	New	HOME DEPOT INC	$311,000	–	4,014	–	0.30%	–
EMR	New	EMERSON ELECTRIC CO	$295,000	–	5,413	–	0.28%	–
APA	New	APACHE CORP	$258,000	–	3,075	–	0.25%	–
MDLZ	New	MONDELEZ INTL INC	$257,000	–	9,006	–	0.25%	–
NLY	New	ANNALY CAPITAL MANAGEMENT INC	$256,000	–	20,400	–	0.25%	–
CAT	New	CATERPILLAR INC	$234,000	–	2,843	–	0.22%	–
NEE	New	NEXTERA ENERGY INC	$204,000	–	2,500	–	0.20%	–
BHI	New	BAKER HUGHES INC	$203,000	–	4,400	–	0.20%	–
AA	New	ALCOA INC	$162,000	–	20,700	–	0.16%	–

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