CHEMUNG CANAL TRUST CO Activity Q4 1999-Q4 2023

Q4 2023

			Value		Shares		↓ Weighting
XLK	Buy	SECTOR SPDR	$55,701,975	+28.0%	289,391	+9.0%	11.51%	+15.3%
MSFT	Sell	MICROSOFT	$23,733,018	+14.1%	63,113	-4.2%	4.90%	+2.7%
AGG	Buy	ISHARESmutual funds -	$18,191,751	+30.3%	183,292	+23.4%	3.76%	+17.3%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$17,170,841	+23.0%	344,796	-2.1%	3.55%	+10.8%
XLV	Buy	SECTOR SPDR	$16,930,622	+10.3%	124,143	+4.1%	3.50%	-0.7%
PG	Buy	PROCTER	$14,222,447	+0.9%	97,055	+0.4%	2.94%	-9.1%
XLE	Sell	SECTOR SPDR	$13,599,599	-18.4%	162,209	-12.0%	2.81%	-26.5%
AAPL	Sell	APPLE	$12,379,105	+11.6%	64,297	-0.8%	2.56%	+0.5%
JPM	Sell	JPMORGAN	$12,039,358	+15.3%	70,778	-1.7%	2.49%	+3.8%
JNJ	Sell	JOHNSON	$11,029,023	-21.9%	70,365	-22.4%	2.28%	-29.7%
AMZN	Sell	AMAZON.COM	$10,660,264	+18.9%	70,161	-0.6%	2.20%	+7.0%
MCD	Sell	MCDONALDS CORP	$10,092,907	+10.4%	34,039	-1.9%	2.09%	-0.6%
XLC	Buy	SECTOR SPDR	$10,017,417	+14.3%	137,867	+3.2%	2.07%	+2.9%
XLF	Buy	SECTOR SPDR	$9,797,166	+15.8%	260,563	+2.1%	2.02%	+4.3%
MRK	Buy	MERCK	$9,616,997	+15.1%	88,213	+8.7%	1.99%	+3.6%
IVV	Sell	ISHARESmutual funds -	$9,026,252	+0.3%	18,898	-9.8%	1.87%	-9.7%
AXP	Buy	AMERICAN	$8,392,274	+27.8%	44,797	+1.8%	1.74%	+15.1%
GOOG	Sell	ALPHABET	$8,325,863	+6.3%	59,078	-0.6%	1.72%	-4.3%
PEP	Buy	PEPSICO	$8,323,177	+0.2%	49,006	+0.0%	1.72%	-9.8%
ADBE	Sell	ADOBE	$8,203,843	+12.5%	13,751	-3.8%	1.70%	+1.3%
XLI	Buy	SECTOR SPDR	$8,045,528	+15.4%	70,581	+2.6%	1.66%	+3.9%
BRKB	Buy	BERKSHIRE	$7,983,486	+2.8%	22,384	+1.0%	1.65%	-7.5%
WMT	Buy	WAL-MART	$7,143,918	-0.8%	45,315	+0.6%	1.48%	-10.7%
BKNG	Buy	BOOKING	$7,041,238	+16.5%	1,985	+1.3%	1.46%	+4.9%
QQQ	Sell	INVESCOmutual funds -	$6,727,185	+13.8%	16,427	-0.5%	1.39%	+2.4%
UNP	Buy	UNION	$6,496,403	+185.3%	26,449	+136.6%	1.34%	+156.8%
UNH	Buy	UNITEDHEALTH	$6,360,810	+126.0%	12,082	+116.4%	1.32%	+103.6%
V	Buy	VISA	$6,227,059	+14.1%	23,918	+0.8%	1.29%	+2.8%
XSD	Sell	SPDR	$6,216,122	+14.3%	27,653	-0.3%	1.28%	+3.0%
XLY	Buy	SECTOR SPDR	$6,119,950	+12.4%	34,226	+1.2%	1.26%	+1.3%
XLRE	Buy	SECTOR SPDR	$5,899,245	+18.3%	147,260	+0.6%	1.22%	+6.6%
AMGN	Buy	AMGEN	$5,713,755	+318.6%	19,838	+290.6%	1.18%	+277.3%
CRM	Sell	SALESFORCE	$5,085,975	+26.7%	19,328	-2.4%	1.05%	+14.1%
CMCSA	Sell	COMCAST	$4,860,473	-3.0%	110,843	-2.0%	1.00%	-12.7%
XLU	Sell	SECTOR SPDR	$4,691,305	+5.3%	74,077	-2.1%	0.97%	-5.2%
ROK	Sell	ROCKWELL AUTOMATION INC	$4,617,150	+8.4%	14,871	-0.2%	0.95%	-2.5%
TRV	Buy	THE	$4,374,606	+19.1%	22,965	+2.1%	0.90%	+7.2%
HD	Sell	HOME	$4,162,423	+14.3%	12,011	-0.3%	0.86%	+2.9%
ECL	Sell	ECOLAB	$4,068,562	+16.2%	20,512	-0.8%	0.84%	+4.6%
DE	Buy	DEERE & CO	$3,897,131	+18.7%	9,746	+12.0%	0.80%	+6.8%
EMR	Buy	EMERSON	$3,847,068	+1.9%	39,526	+1.1%	0.80%	-8.2%
XLP	Buy	SECTOR SPDR	$3,750,967	+7.5%	52,075	+2.7%	0.78%	-3.2%
KO	Sell	COCA-COLA	$3,720,901	+0.7%	63,141	-4.3%	0.77%	-9.3%
IWM	Sell	ISHARESmutual funds -	$3,273,983	+5.7%	16,312	-6.9%	0.68%	-4.8%
GLW	Sell	CORNING	$3,032,002	-3.1%	99,573	-3.0%	0.63%	-12.7%
HON	Sell	HONEYWELL	$2,470,807	+13.5%	11,782	-0.0%	0.51%	+2.2%
XLB	Buy	SECTOR SPDR	$2,255,434	+12.5%	26,367	+3.3%	0.47%	+1.3%
CVX	Buy	CHEVRON	$2,126,125	-10.8%	14,254	+0.8%	0.44%	-19.7%
BMY	Sell	BRISTOL	$2,022,025	-22.9%	39,408	-12.8%	0.42%	-30.6%
CSCO	Buy	CISCO	$1,732,229	-0.2%	34,288	+6.2%	0.36%	-10.3%
ABT	Sell	ABBOTT	$1,607,685	+8.2%	14,606	-4.8%	0.33%	-2.6%
JCI	Sell	JOHNSONforeign stock	$1,594,959	-65.8%	27,671	-68.4%	0.33%	-69.2%
XOM	Buy	EXXON	$1,578,086	-9.9%	15,784	+6.0%	0.33%	-18.9%
PFE	Sell	PFIZER	$1,524,151	-30.6%	52,940	-20.0%	0.32%	-37.5%
AMAT	Buy	APPLIED	$1,491,368	+17.7%	9,202	+0.6%	0.31%	+5.8%
MS	Sell	MORGAN	$1,433,353	-2.9%	15,371	-15.0%	0.30%	-12.7%
DUK	Buy	DUKE	$1,405,429	+10.8%	14,483	+0.8%	0.29%	-0.3%
EFA	Buy	ISHARESmutual funds -	$1,400,456	+13.9%	18,586	+4.1%	0.29%	+2.5%
RTX	Buy	RTX	$1,397,908	+21.5%	16,614	+3.9%	0.29%	+9.5%
IWN	Sell	ISHARESmutual funds -	$1,337,234	+12.7%	8,609	-1.6%	0.28%	+1.5%
SBUX	Buy	STARBUCKS CORP	$1,292,486	+12.3%	13,462	+6.8%	0.27%	+1.1%
NVO	Sell	NOVOforeign stock	$1,276,160	+10.6%	12,336	-2.8%	0.26%	-0.4%
IWD	Buy	ISHARESmutual funds -	$1,248,466	+18.2%	7,555	+8.6%	0.26%	+6.2%
GOOGL	Sell	ALPHABET	$1,006,747	+5.9%	7,207	-0.8%	0.21%	-4.6%
SO	Sell	SOUTHERN COMPANY	$987,500	+6.7%	14,083	-1.5%	0.20%	-3.8%
GD	Sell	GENERAL	$975,061	+7.2%	3,755	-8.8%	0.20%	-3.3%
LMT	Buy	LOCKHEED	$963,584	+11.4%	2,126	+0.5%	0.20%	0.0%
PAYX	Sell	PAYCHEX INC	$870,099	+2.7%	7,305	-0.6%	0.18%	-7.7%
GS	Sell	GOLDMAN	$838,664	+5.9%	2,174	-11.2%	0.17%	-4.9%
	Sell	KENVUE	$821,584	+6.7%	38,160	-0.5%	0.17%	-4.0%
VZ	Buy	VERIZON	$714,307	+40.5%	18,947	+20.8%	0.15%	+26.5%
ADP	Buy	AUTOMATIC	$682,137	+8.8%	2,928	+12.4%	0.14%	-2.1%
TXN	Buy	TEXAS	$642,637	+14.3%	3,770	+6.6%	0.13%	+3.1%
TT	New	TRANEforeign stock	$632,433	–	2,593	–	0.13%	–
ADI	Sell	ANALOG DEVICES INC	$629,238	-83.2%	3,169	-85.2%	0.13%	-84.9%
DIS	Sell	WALT	$555,374	+3.9%	6,151	-6.7%	0.12%	-6.5%
ZBH	Buy	ZIMMER	$542,541	+34.4%	4,458	+23.9%	0.11%	+20.4%
COST	Sell	COSTCO	$508,262	+13.9%	770	-2.5%	0.10%	+2.9%
NEE	Sell	NEXTERA	$492,056	+1.8%	8,101	-4.0%	0.10%	-8.1%
D	Sell	DOMINION	$488,941	+4.9%	10,403	-0.3%	0.10%	-5.6%
ORLY	Sell	O'REILLY	$476,941	+2.5%	502	-2.0%	0.10%	-7.5%
BLK	Buy	BLACKROCK	$470,035	+46.9%	579	+17.0%	0.10%	+32.9%
USB	Sell	US BANCORP	$412,286	+17.7%	9,526	-10.1%	0.08%	+6.2%
PANW	Sell	PALO	$410,769	+15.8%	1,393	-7.9%	0.08%	+4.9%
TJX	Sell	TJX	$394,096	+3.2%	4,201	-2.2%	0.08%	-8.0%
DHR	Sell	DANAHER	$366,442	-11.7%	1,584	-5.3%	0.08%	-20.0%
TMO	Buy	THERMO	$350,852	+28.6%	661	+22.6%	0.07%	+15.9%
OTIS	Sell	OTIS	$338,380	+9.6%	3,782	-1.7%	0.07%	-1.4%
BCE	Sell	BCEforeign stock	$307,007	-10.1%	7,796	-12.9%	0.06%	-19.2%
SDY	Sell	SPDRmutual funds -	$272,935	-11.0%	2,184	-18.1%	0.06%	-20.0%
INTC	New	INTEL	$267,833	–	5,330	–	0.06%	–
MDT	Sell	MEDTRONICforeign stock	$251,754	-93.7%	3,056	-94.0%	0.05%	-94.3%
SYK	Sell	STRYKER	$229,388	-38.2%	766	-43.6%	0.05%	-44.7%
IWF	New	ISHARESmutual funds -	$225,558	–	744	–	0.05%	–
IBM	New	INTL	$214,906	–	1,314	–	0.04%	–
ITW	New	ILLINOIS	$212,957	–	813	–	0.04%	–
TFC	Sell	TRUIST	$204,499	-3.7%	5,539	-25.4%	0.04%	-14.3%
VEA	New	VANGUARDmutual funds -	$205,443	–	4,289	–	0.04%	–
	New	HIGHLANDS	$175	–	10,497	–	0.00%	–
BAC	Exit	BANK	$0	–	-7,847	–	-0.05%	–

Q3 2023

			Value		Shares		↓ Weighting
XLK	Sell	SECTOR SPDR	$43,514,073	-6.0%	265,443	-0.3%	9.99%	+0.5%
MSFT	Buy	MICROSOFT	$20,800,693	-7.2%	65,877	+0.1%	4.77%	-0.8%
XLE	Buy	SECTOR SPDR	$16,666,113	+30.0%	184,380	+16.8%	3.82%	+39.0%
XLV	Buy	SECTOR SPDR	$15,354,824	+5.3%	119,270	+8.6%	3.52%	+12.6%
JNJ	Buy	JOHNSON	$14,118,926	+14.5%	90,651	+21.7%	3.24%	+22.4%
PG	Buy	PROCTER	$14,095,914	+51.5%	96,640	+57.6%	3.24%	+62.0%
AGG	Sell	ISHARESmutual funds -	$13,964,937	-44.5%	148,500	-42.1%	3.20%	-40.6%
CHMG	Buy	CHEMUNG FINANCIAL CORP	$13,956,187	+3.5%	352,340	+0.3%	3.20%	+10.6%
AAPL	Sell	APPLE	$11,093,389	-12.7%	64,794	-1.1%	2.55%	-6.6%
JPM	Sell	JPMORGAN	$10,443,629	-1.8%	72,015	-1.5%	2.40%	+5.0%
MCD	Sell	MCDONALDS CORP	$9,141,100	-17.1%	34,699	-6.1%	2.10%	-11.4%
IVV	Buy	ISHARESmutual funds -	$8,999,994	+24.6%	20,958	+29.3%	2.07%	+33.2%
AMZN	Sell	AMAZON.COM	$8,968,318	-6.6%	70,550	-4.2%	2.06%	-0.1%
XLC	Buy	SECTOR SPDR	$8,761,142	+8.8%	133,615	+8.0%	2.01%	+16.3%
XLF	Buy	SECTOR SPDR	$8,462,531	+13.7%	255,126	+15.6%	1.94%	+21.6%
MRK	Buy	MERCK	$8,357,388	-9.6%	81,179	+1.3%	1.92%	-3.4%
PEP	Sell	PEPSICO	$8,303,229	-45.4%	49,004	-40.3%	1.91%	-41.6%
GOOG	Buy	ALPHABET	$7,833,080	+9.4%	59,409	+0.4%	1.80%	+17.0%
BRKB	Buy	BERKSHIRE	$7,766,867	+5.8%	22,172	+3.0%	1.78%	+13.1%
ADBE	Sell	ADOBE	$7,291,073	-10.5%	14,299	-14.2%	1.67%	-4.3%
WMT	Sell	WAL-MART	$7,204,531	+1.6%	45,048	-0.2%	1.65%	+8.6%
XLI	Buy	SECTOR SPDR	$6,971,401	+28.8%	68,765	+36.3%	1.60%	+37.7%
AXP	Buy	AMERICAN	$6,566,007	-10.9%	44,011	+4.1%	1.51%	-4.7%
BKNG	Buy	BOOKING	$6,044,554	+14.5%	1,960	+0.3%	1.39%	+22.4%
QQQ	Buy	INVESCOmutual funds -	$5,912,173	-2.7%	16,502	+0.3%	1.36%	+4.1%
V	Sell	VISA	$5,455,839	-3.5%	23,720	-0.4%	1.25%	+3.1%
XLY	Buy	SECTOR SPDR	$5,443,544	+0.3%	33,815	+5.8%	1.25%	+7.1%
XSD	Buy	SPDR	$5,436,924	-10.8%	27,738	+0.7%	1.25%	-4.7%
CMCSA	Buy	COMCAST	$5,012,681	+17.2%	113,051	+9.8%	1.15%	+25.2%
XLRE	Buy	SECTOR SPDR	$4,985,881	+122.1%	146,342	+145.7%	1.14%	+137.3%
JCI	Buy	JOHNSONforeign stock	$4,665,086	-19.3%	87,673	+3.4%	1.07%	-13.7%
XLU	Sell	SECTOR SPDR	$4,457,173	-46.0%	75,635	-40.0%	1.02%	-42.3%
ROK	Sell	ROCKWELL AUTOMATION INC	$4,259,743	-15.7%	14,901	-2.9%	0.98%	-9.9%
CRM	Buy	SALESFORCE	$4,014,434	+5.5%	19,797	+9.9%	0.92%	+12.7%
MDT	Buy	MEDTRONICforeign stock	$3,990,247	+5.4%	50,922	+18.5%	0.92%	+12.7%
EMR	Buy	EMERSON	$3,774,253	+12.7%	39,083	+5.5%	0.87%	+20.4%
ADI	Buy	ANALOG DEVICES INC	$3,752,530	-3.8%	21,432	+7.0%	0.86%	+2.9%
KO	Sell	COCA-COLA	$3,693,725	-12.7%	65,983	-6.1%	0.85%	-6.7%
TRV	Sell	THE	$3,672,032	-8.1%	22,485	-2.2%	0.84%	-1.6%
HD	Buy	HOME	$3,641,937	+1.1%	12,053	+4.0%	0.84%	+8.2%
ECL	Buy	ECOLAB	$3,502,005	-4.4%	20,673	+5.3%	0.80%	+2.2%
XLP	Buy	SECTOR SPDR	$3,489,284	+42.8%	50,709	+53.9%	0.80%	+52.6%
DE	New	DEERE & CO	$3,283,589	–	8,701	–	0.75%	–
GLW	Sell	CORNING	$3,128,448	-13.2%	102,673	-0.1%	0.72%	-7.2%
IWM	Sell	ISHARESmutual funds -	$3,098,251	-11.4%	17,530	-6.1%	0.71%	-5.3%
UNH	Buy	UNITEDHEALTH	$2,814,905	+7.4%	5,583	+2.4%	0.65%	+14.7%
BMY	Sell	BRISTOL	$2,622,708	-20.3%	45,188	-12.1%	0.60%	-14.7%
CVX	Sell	CHEVRON	$2,384,454	+4.9%	14,141	-2.1%	0.55%	+12.1%
UNP	Sell	UNION	$2,276,790	-1.7%	11,181	-1.2%	0.52%	+5.2%
PFE	Sell	PFIZER	$2,195,559	-13.5%	66,191	-4.3%	0.50%	-7.5%
HON	Sell	HONEYWELL	$2,177,345	-60.7%	11,786	-55.8%	0.50%	-57.9%
XLB	Sell	SECTOR SPDR	$2,004,525	-7.8%	25,519	-2.8%	0.46%	-1.5%
XOM	Sell	EXXON	$1,751,589	+5.6%	14,897	-3.6%	0.40%	+12.9%
CSCO	Buy	CISCO	$1,736,339	+19.0%	32,298	+14.5%	0.40%	+27.5%
ABT	Buy	ABBOTT	$1,485,777	-9.4%	15,341	+2.0%	0.34%	-3.1%
MS	Buy	MORGAN	$1,476,762	-2.7%	18,082	+1.8%	0.34%	+4.0%
AMGN	Buy	AMGEN	$1,365,036	+27.7%	5,079	+5.5%	0.31%	+36.1%
AMAT	Buy	APPLIED	$1,266,683	+9.3%	9,149	+14.1%	0.29%	+16.9%
DUK	Sell	DUKE	$1,268,298	-16.4%	14,370	-15.0%	0.29%	-10.7%
CL	Sell	COLGATE PALMOLIVE	$1,216,620	-8.3%	17,109	-0.6%	0.28%	-2.1%
NVO	Buy	NOVOforeign stock	$1,153,666	+5.2%	12,686	+87.2%	0.26%	+12.8%
RTX	Sell	RTX	$1,150,301	-45.9%	15,983	-26.3%	0.26%	-42.1%
SBUX	Buy	STARBUCKS CORP	$1,150,824	-5.4%	12,609	+2.7%	0.26%	+1.1%
IWD	Sell	ISHARESmutual funds -	$1,056,516	-5.5%	6,959	-1.8%	0.24%	+1.2%
GOOGL	Buy	ALPHABET	$950,828	+14.4%	7,266	+4.6%	0.22%	+21.8%
SO	Sell	SOUTHERN COMPANY	$925,496	-8.5%	14,300	-0.7%	0.21%	-2.3%
GD	Sell	GENERAL	$909,954	-1.0%	4,118	-3.6%	0.21%	+6.1%
LMT	Sell	LOCKHEED	$865,361	-12.2%	2,116	-1.2%	0.20%	-6.1%
PAYX	Buy	PAYCHEX INC	$847,446	+16.5%	7,348	+13.0%	0.20%	+25.0%
GS	Buy	GOLDMAN	$791,776	+0.9%	2,447	+0.6%	0.18%	+8.3%
	New	KENVUE	$770,007	–	38,347	–	0.18%	–
ADP	Sell	AUTOMATIC	$626,952	+7.4%	2,606	-1.9%	0.14%	+15.2%
STZ	Buy	CONSTELLATION BRANDS INC A	$606,710	+4.0%	2,414	+1.8%	0.14%	+11.2%
TXN	Buy	TEXAS	$562,419	-0.5%	3,537	+12.6%	0.13%	+6.6%
DIS	Sell	WALT	$534,606	-43.0%	6,596	-37.3%	0.12%	-39.1%
VZ	Sell	VERIZON	$508,352	-32.8%	15,685	-22.9%	0.12%	-27.8%
NEE	Sell	NEXTERA	$483,528	-23.2%	8,440	-0.6%	0.11%	-17.8%
D	Sell	DOMINION	$466,310	-14.4%	10,439	-0.7%	0.11%	-8.5%
ORLY	Sell	O'REILLY	$465,336	-23.7%	512	-19.7%	0.11%	-18.3%
COST	Sell	COSTCO	$446,320	+1.7%	790	-3.1%	0.10%	+8.5%
DHR	Buy	DANAHER	$414,825	+5.1%	1,672	+1.7%	0.10%	+11.8%
ZBH	Sell	ZIMMER	$403,767	-91.8%	3,598	-89.4%	0.09%	-91.2%
RY	Buy	ROYALforeign stock	$397,591	-7.8%	4,547	+0.7%	0.09%	-2.2%
TJX	Buy	TJX	$381,737	+5.9%	4,295	+1.0%	0.09%	+14.3%
SYK	Sell	STRYKER	$371,102	-91.4%	1,358	-90.4%	0.08%	-90.8%
PANW	Sell	PALO	$354,707	-9.4%	1,513	-1.3%	0.08%	-3.6%
USB	Sell	US BANCORP	$350,371	-12.2%	10,598	-12.3%	0.08%	-7.0%
BCE	Sell	BCEforeign stock	$341,584	-68.2%	8,949	-62.1%	0.08%	-66.2%
MA	Buy	MASTERCARD	$332,961	+7.3%	841	+6.6%	0.08%	+13.4%
BLK	Buy	BLACKROCK	$320,008	+5.2%	495	+12.5%	0.07%	+12.3%
OTIS	Sell	OTIS	$308,876	-11.7%	3,846	-2.1%	0.07%	-5.3%
TMO	Buy	THERMO	$272,826	+2.5%	539	+5.7%	0.06%	+10.5%
LLY	Sell	ELI	$276,620	+8.2%	515	-5.5%	0.06%	+14.5%
MAR	Sell	MARRIOTT INTERNATIONAL INC CL A	$217,198	+4.8%	1,105	-2.0%	0.05%	+13.6%
BAC	New	BANK	$214,849	–	7,847	–	0.05%	–
TFC	Sell	TRUIST	$212,428	-38.7%	7,425	-34.9%	0.05%	-33.8%
	Exit	FIRSTmutual funds -	$0	–	-14,080	–	-0.03%	–
ITW	Exit	ILLINOIS	$0	–	-819	–	-0.04%	–
ENB	Exit	ENBRIDGEforeign stock	$0	–	-6,852	–	-0.06%	–
INTC	Exit	INTEL	$0	–	-8,830	–	-0.06%	–
IYK	Exit	ISHARES	$0	–	-16,162	–	-0.70%	–

Q2 2023

			Value		Shares		↓ Weighting
XLK	New	SECTOR SPDR	$46,305,541	–	266,338	–	9.94%	–
AGG	New	ISHARESmutual funds -	$25,143,382	–	256,696	–	5.40%	–
MSFT	New	MICROSOFT	$22,422,188	–	65,843	–	4.81%	–
PEP	New	PEPSICO	$15,195,830	–	82,042	–	3.26%	–
XLV	New	SECTOR SPDR	$14,583,182	–	109,871	–	3.13%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$13,489,632	–	351,201	–	2.90%	–
XLE	New	SECTOR SPDR	$12,816,911	–	157,902	–	2.75%	–
AAPL	New	APPLE	$12,703,303	–	65,491	–	2.73%	–
JNJ	New	JOHNSON	$12,331,736	–	74,503	–	2.65%	–
MCD	New	MCDONALDS CORP	$11,030,738	–	36,965	–	2.37%	–
JPM	New	JPMORGAN	$10,630,647	–	73,093	–	2.28%	–
AMZN	New	AMAZON.COM	$9,603,358	–	73,668	–	2.06%	–
PG	New	PROCTER	$9,307,129	–	61,336	–	2.00%	–
MRK	New	MERCK	$9,244,589	–	80,116	–	1.98%	–
XLU	New	SECTOR SPDR	$8,254,469	–	126,138	–	1.77%	–
ADBE	New	ADOBE	$8,146,587	–	16,660	–	1.75%	–
XLC	New	SECTOR SPDR	$8,055,210	–	123,774	–	1.73%	–
XLF	New	SECTOR SPDR	$7,439,768	–	220,699	–	1.60%	–
AXP	New	AMERICAN	$7,365,523	–	42,282	–	1.58%	–
BRKB	New	BERKSHIRE	$7,342,071	–	21,531	–	1.58%	–
IVV	New	ISHARESmutual funds -	$7,224,070	–	16,208	–	1.55%	–
GOOG	New	ALPHABET	$7,159,125	–	59,181	–	1.54%	–
WMT	New	WAL-MART	$7,094,479	–	45,136	–	1.52%	–
XSD	New	SPDR	$6,098,092	–	27,557	–	1.31%	–
QQQ	New	INVESCOmutual funds -	$6,075,851	–	16,447	–	1.30%	–
JCI	New	JOHNSONforeign stock	$5,778,744	–	84,807	–	1.24%	–
V	New	VISA	$5,656,532	–	23,819	–	1.21%	–
HON	New	HONEYWELL	$5,537,385	–	26,686	–	1.19%	–
XLY	New	SECTOR SPDR	$5,429,850	–	31,976	–	1.17%	–
XLI	New	SECTOR SPDR	$5,413,761	–	50,445	–	1.16%	–
BKNG	New	BOOKING	$5,279,147	–	1,955	–	1.13%	–
ROK	New	ROCKWELL AUTOMATION INC	$5,055,416	–	15,345	–	1.08%	–
ZBH	New	ZIMMER	$4,926,521	–	33,836	–	1.06%	–
SYK	New	STRYKER	$4,300,556	–	14,096	–	0.92%	–
CMCSA	New	COMCAST	$4,278,117	–	102,963	–	0.92%	–
KO	New	COCA-COLA	$4,233,046	–	70,293	–	0.91%	–
TRV	New	THE	$3,993,669	–	22,997	–	0.86%	–
ADI	New	ANALOG DEVICES INC	$3,900,292	–	20,021	–	0.84%	–
CRM	New	SALESFORCE	$3,804,583	–	18,009	–	0.82%	–
MDT	New	MEDTRONICforeign stock	$3,785,936	–	42,973	–	0.81%	–
ECL	New	ECOLAB	$3,664,914	–	19,631	–	0.79%	–
GLW	New	CORNING	$3,602,919	–	102,823	–	0.77%	–
HD	New	HOME	$3,601,557	–	11,594	–	0.77%	–
IWM	New	ISHARESmutual funds -	$3,497,454	–	18,676	–	0.75%	–
EMR	New	EMERSON	$3,349,764	–	37,059	–	0.72%	–
BMY	New	BRISTOL	$3,288,951	–	51,430	–	0.71%	–
IYK	New	ISHARES	$3,237,085	–	16,162	–	0.70%	–
CNI	New	CANADIANforeign stock	$3,008,105	–	24,846	–	0.65%	–
SPMD	New	SPDRmutual funds -	$2,799,014	–	60,994	–	0.60%	–
UNH	New	UNITEDHEALTH	$2,619,966	–	5,451	–	0.56%	–
PFE	New	PFIZER	$2,537,157	–	69,170	–	0.54%	–
XLP	New	SECTOR SPDR	$2,443,538	–	32,945	–	0.52%	–
UNP	New	UNION	$2,315,479	–	11,316	–	0.50%	–
CVX	New	CHEVRON	$2,273,867	–	14,451	–	0.49%	–
XLRE	New	SECTOR SPDR	$2,245,043	–	59,566	–	0.48%	–
XLB	New	SECTOR SPDR	$2,175,010	–	26,246	–	0.47%	–
RTX	New	RTX	$2,125,732	–	21,700	–	0.46%	–
IWO	New	ISHARESmutual funds -	$1,846,399	–	7,609	–	0.40%	–
XOM	New	EXXON	$1,657,984	–	15,459	–	0.36%	–
ABT	New	ABBOTT	$1,639,771	–	15,041	–	0.35%	–
DUK	New	DUKE	$1,517,596	–	16,911	–	0.33%	–
MS	New	MORGAN	$1,517,130	–	17,765	–	0.33%	–
CSCO	New	CISCO	$1,459,485	–	28,208	–	0.31%	–
CL	New	COLGATE PALMOLIVE	$1,326,169	–	17,214	–	0.28%	–
EFA	New	ISHARESmutual funds -	$1,293,839	–	17,846	–	0.28%	–
IWN	New	ISHARESmutual funds -	$1,232,141	–	8,751	–	0.26%	–
SBUX	New	STARBUCKS CORP	$1,216,558	–	12,281	–	0.26%	–
AMAT	New	APPLIED	$1,159,353	–	8,021	–	0.25%	–
IWD	New	ISHARESmutual funds -	$1,118,067	–	7,084	–	0.24%	–
NVO	New	NOVOforeign stock	$1,096,399	–	6,775	–	0.24%	–
BCE	New	BCEforeign stock	$1,075,197	–	23,584	–	0.23%	–
AMGN	New	AMGEN	$1,069,252	–	4,816	–	0.23%	–
SO	New	SOUTHERN COMPANY	$1,011,253	–	14,395	–	0.22%	–
LMT	New	LOCKHEED	$985,674	–	2,141	–	0.21%	–
DIS	New	WALT	$938,602	–	10,513	–	0.20%	–
GD	New	GENERAL	$918,694	–	4,270	–	0.20%	–
GOOGL	New	ALPHABET	$831,436	–	6,946	–	0.18%	–
GS	New	GOLDMAN	$784,417	–	2,432	–	0.17%	–
VZ	New	VERIZON	$756,560	–	20,343	–	0.16%	–
PAYX	New	PAYCHEX INC	$727,602	–	6,504	–	0.16%	–
NEE	New	NEXTERA	$629,958	–	8,490	–	0.14%	–
ORLY	New	O'REILLY	$609,483	–	638	–	0.13%	–
STZ	New	CONSTELLATION BRANDS INC A	$583,575	–	2,371	–	0.12%	–
ADP	New	AUTOMATIC	$583,762	–	2,656	–	0.12%	–
TXN	New	TEXAS	$565,266	–	3,140	–	0.12%	–
IDV	New	ISHARESmutual funds -	$554,694	–	21,067	–	0.12%	–
D	New	DOMINION	$544,519	–	10,514	–	0.12%	–
VGT	New	VANGUARD	$458,963	–	1,038	–	0.10%	–
COST	New	COSTCO	$438,781	–	815	–	0.09%	–
RY	New	ROYALforeign stock	$431,322	–	4,516	–	0.09%	–
USB	New	US BANCORP	$399,223	–	12,083	–	0.09%	–
DHR	New	DANAHER	$394,560	–	1,644	–	0.08%	–
PANW	New	PALO	$391,696	–	1,533	–	0.08%	–
CARR	New	CARRIER	$382,519	–	7,695	–	0.08%	–
GLD	New	SPDRmutual funds -	$356,540	–	2,000	–	0.08%	–
TJX	New	TJX	$360,442	–	4,251	–	0.08%	–
OTIS	New	OTIS	$349,635	–	3,928	–	0.08%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$345,584	–	1,432	–	0.07%	–
TFC	New	TRUIST	$346,357	–	11,412	–	0.07%	–
SDY	New	SPDRmutual funds -	$326,921	–	2,667	–	0.07%	–
TMP	New	TOMPKINS	$317,323	–	5,697	–	0.07%	–
MA	New	MASTERCARD	$310,314	–	789	–	0.07%	–
BLK	New	BLACKROCK	$304,105	–	440	–	0.06%	–
INTC	New	INTEL	$295,275	–	8,830	–	0.06%	–
SPY	New	STANDARD & POORSmutual funds -	$294,339	–	664	–	0.06%	–
IWY	New	ISHARESmutual funds -	$291,592	–	1,839	–	0.06%	–
IJT	New	ISHARESmutual funds -	$287,095	–	2,498	–	0.06%	–
TMO	New	THERMO	$266,095	–	510	–	0.06%	–
LLY	New	ELI	$255,594	–	545	–	0.06%	–
ENB	New	ENBRIDGEforeign stock	$254,552	–	6,852	–	0.06%	–
VYM	New	VANGUARDmutual funds -	$238,021	–	2,244	–	0.05%	–
ABBV	New	ABBVIE	$229,042	–	1,700	–	0.05%	–
IJK	New	ISHARESmutual funds -	$213,600	–	2,848	–	0.05%	–
ITW	New	ILLINOIS	$204,880	–	819	–	0.04%	–
NOW	New	SERVICENOW	$203,434	–	362	–	0.04%	–
MAR	New	MARRIOTT INTERNATIONAL INC CL A	$207,202	–	1,128	–	0.04%	–
	New	FIRSTmutual funds -	$135,675	–	14,080	–	0.03%	–

Q4 2022

			Value		Shares		↓ Weighting
PSX	Exit	PHILLIPS	$0	–	-2,584	–	-0.05%	–
VYM	Exit	VANGUARDmutual funds -	$0	–	-2,244	–	-0.05%	–
XLC	Exit	SECTOR SPDR	$0	–	-4,485	–	-0.05%	–
IWY	Exit	ISHARESmutual funds -	$0	–	-1,839	–	-0.06%	–
SPY	Exit	STANDARD & POORSmutual funds -	$0	–	-626	–	-0.06%	–
MA	Exit	MASTERCARD	$0	–	-789	–	-0.06%	–
BLK	Exit	BLACKROCK	$0	–	-430	–	-0.06%	–
NOW	Exit	SERVICENOW	$0	–	-650	–	-0.06%	–
CMCSA	Exit	COMCAST	$0	–	-8,531	–	-0.06%	–
TJX	Exit	TJX	$0	–	-4,251	–	-0.07%	–
IDV	Exit	ISHARESmutual funds -	$0	–	-11,991	–	-0.07%	–
IBM	Exit	INTERNATIONAL	$0	–	-2,414	–	-0.07%	–
SDY	Exit	SPDRmutual funds -	$0	–	-2,667	–	-0.07%	–
IJT	Exit	ISHARESmutual funds -	$0	–	-2,964	–	-0.08%	–
OTIS	Exit	OTIS	$0	–	-4,833	–	-0.08%	–
GLD	Exit	SPDRmutual funds -	$0	–	-2,000	–	-0.08%	–
VGT	Exit	VANGUARD	$0	–	-1,038	–	-0.08%	–
CARR	Exit	CARRIER	$0	–	-9,313	–	-0.08%	–
CRM	Exit	SALESFORCE	$0	–	-2,550	–	-0.09%	–
COST	Exit	COSTCO	$0	–	-815	–	-0.10%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-1,969	–	-0.10%	–
LLY	Exit	ELI	$0	–	-1,266	–	-0.10%	–
TMP	Exit	TOMPKINS	$0	–	-5,697	–	-0.10%	–
ABBV	Exit	ABBVIE	$0	–	-3,141	–	-0.10%	–
DHR	Exit	DANAHER	$0	–	-1,654	–	-0.11%	–
MMM	Exit	3M	$0	–	-3,960	–	-0.11%	–
BKNG	Exit	BOOKING	$0	–	-285	–	-0.12%	–
ZBH	Exit	ZIMMER	$0	–	-4,605	–	-0.12%	–
TXN	Exit	TEXAS	$0	–	-3,244	–	-0.12%	–
INTC	Exit	INTEL	$0	–	-20,662	–	-0.13%	–
ENB	Exit	ENBRIDGEforeign stock	$0	–	-14,759	–	-0.14%	–
VCIT	Exit	VANGUARDmutual funds -	$0	–	-7,327	–	-0.14%	–
DGX	Exit	QUEST	$0	–	-5,000	–	-0.15%	–
VCSH	Exit	VANGUARDmutual funds -	$0	–	-8,575	–	-0.16%	–
AMAT	Exit	APPLIED	$0	–	-7,895	–	-0.16%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,000	–	-0.18%	–
NEE	Exit	NEXTERA	$0	–	-9,167	–	-0.18%	–
STZ	Exit	CONSTELLATION BRANDS INC A	$0	–	-3,154	–	-0.18%	–
GOOGL	Exit	ALPHABET	$0	–	-7,610	–	-0.18%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-8,725	–	-0.18%	–
USB	Exit	US BANCORP	$0	–	-19,478	–	-0.20%	–
GS	Exit	GOLDMAN	$0	–	-2,750	–	-0.20%	–
XLP	Exit	SECTOR SPDR	$0	–	-13,277	–	-0.22%	–
EFA	Exit	ISHARESmutual funds -	$0	–	-17,943	–	-0.25%	–
VZ	Exit	VERIZON	$0	–	-27,949	–	-0.26%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-8,291	–	-0.27%	–
XLI	Exit	SECTOR SPDR	$0	–	-13,089	–	-0.27%	–
AGG	Exit	ISHARESmutual funds -	$0	–	-11,987	–	-0.29%	–
TFC	Exit	TRUIST	$0	–	-27,204	–	-0.30%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-17,784	–	-0.30%	–
NVO	Exit	NOVOforeign stock	$0	–	-12,265	–	-0.30%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-17,935	–	-0.31%	–
DIS	Exit	WALT	$0	–	-14,175	–	-0.33%	–
JCI	Exit	JOHNSONforeign stock	$0	–	-29,051	–	-0.36%	–
MS	Exit	MORGAN	$0	–	-18,101	–	-0.36%	–
XLY	Exit	SECTOR SPDR	$0	–	-10,358	–	-0.37%	–
V	Exit	VISA	$0	–	-8,520	–	-0.38%	–
XOM	Exit	EXXON	$0	–	-17,385	–	-0.38%	–
D	Exit	DOMINION	$0	–	-23,765	–	-0.41%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-8,456	–	-0.44%	–
HON	Exit	HONEYWELL	$0	–	-10,684	–	-0.44%	–
RTX	Exit	RAYTHEON	$0	–	-23,553	–	-0.48%	–
DUK	Exit	DUKE	$0	–	-21,687	–	-0.50%	–
CVX	Exit	CHEVRON	$0	–	-14,913	–	-0.53%	–
ABT	Exit	ABBOTT	$0	–	-22,804	–	-0.55%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-68,491	–	-0.66%	–
IWM	Exit	ISHARESmutual funds -	$0	–	-16,196	–	-0.67%	–
CNI	Exit	CANADIANforeign stock	$0	–	-25,696	–	-0.69%	–
EMR	Exit	EMERSON	$0	–	-38,483	–	-0.70%	–
UNH	Exit	UNITEDHEALTH	$0	–	-5,764	–	-0.73%	–
IHE	Exit	ISHARES	$0	–	-18,392	–	-0.78%	–
IYK	Exit	ISHARES	$0	–	-17,563	–	-0.79%	–
HD	Exit	HOME	$0	–	-11,476	–	-0.79%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-15,262	–	-0.82%	–
AMZN	Exit	AMAZON.COM	$0	–	-30,295	–	-0.85%	–
JPM	Exit	JPMORGAN	$0	–	-36,316	–	-0.95%	–
GLW	Exit	CORNING	$0	–	-132,172	–	-0.96%	–
CSCO	Exit	CISCO	$0	–	-97,692	–	-0.97%	–
LMT	Exit	LOCKHEED	$0	–	-10,395	–	-1.00%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-11,319	–	-1.01%	–
XSD	Exit	SPDR	$0	–	-27,612	–	-1.05%	–
XLRE	Exit	SECTOR SPDR	$0	–	-123,165	–	-1.11%	–
ADP	Exit	AUTOMATIC	$0	–	-19,972	–	-1.13%	–
QQQ	Exit	INVESCOmutual funds -	$0	–	-16,962	–	-1.13%	–
GD	Exit	GENERAL	$0	–	-21,797	–	-1.15%	–
ADBE	Exit	ADOBE	$0	–	-16,847	–	-1.16%	–
MRK	Exit	MERCK	$0	–	-53,890	–	-1.16%	–
RY	Exit	ROYALforeign stock	$0	–	-52,746	–	-1.18%	–
BCE	Exit	BCEforeign stock	$0	–	-120,279	–	-1.26%	–
MAR	Exit	MARRIOTT INTERNATIONAL INC CL A	$0	–	-36,849	–	-1.29%	–
AMGN	Exit	AMGEN	$0	–	-23,204	–	-1.30%	–
UNP	Exit	UNION	$0	–	-27,410	–	-1.33%	–
MDT	Exit	MEDTRONICforeign stock	$0	–	-68,197	–	-1.37%	–
ORLY	Exit	O'REILLY	$0	–	-7,929	–	-1.39%	–
BRKB	Exit	BERKSHIRE	$0	–	-21,248	–	-1.41%	–
PANW	Exit	PALO	$0	–	-34,907	–	-1.42%	–
AXP	Exit	AMERICAN	$0	–	-43,187	–	-1.45%	–
GOOG	Exit	ALPHABET	$0	–	-61,851	–	-1.48%	–
WMT	Exit	WAL-MART	$0	–	-45,935	–	-1.48%	–
PAYX	Exit	PAYCHEX INC	$0	–	-53,834	–	-1.51%	–
XLF	Exit	SECTOR SPDR	$0	–	-216,869	–	-1.64%	–
TRV	Exit	THE	$0	–	-44,598	–	-1.70%	–
PFE	Exit	PFIZER	$0	–	-160,861	–	-1.76%	–
XLB	Exit	SECTOR SPDR	$0	–	-104,086	–	-1.76%	–
BMY	Exit	BRISTOL	$0	–	-101,207	–	-1.79%	–
IWD	Exit	ISHARESmutual funds -	$0	–	-54,580	–	-1.85%	–
KO	Exit	COCA-COLA	$0	–	-133,792	–	-1.87%	–
AAPL	Exit	APPLE	$0	–	-54,218	–	-1.87%	–
PG	Exit	PROCTER	$0	–	-63,535	–	-2.00%	–
XLU	Exit	SECTOR SPDR	$0	–	-125,578	–	-2.05%	–
MCD	Exit	MCDONALDS CORP	$0	–	-40,531	–	-2.33%	–
XLE	Exit	SECTOR SPDR	$0	–	-163,643	–	-2.94%	–
JNJ	Exit	JOHNSON	$0	–	-83,789	–	-3.41%	–
PEP	Exit	PEPSICO	$0	–	-85,324	–	-3.47%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-347,754	–	-3.63%	–
XLV	Exit	SECTOR SPDR	$0	–	-124,166	–	-3.75%	–
MSFT	Exit	MICROSOFT	$0	–	-72,408	–	-4.20%	–
XLK	Exit	SECTOR SPDR	$0	–	-236,929	–	-7.02%	–

Q3 2022

			Value		Shares		↓ Weighting
XLK	Buy	SECTOR SPDR	$28,142,000	+4.8%	236,929	+12.2%	7.02%	+14.4%
MSFT	Sell	MICROSOFT	$16,864,000	-11.1%	72,408	-2.0%	4.20%	-3.0%
XLV	Buy	SECTOR SPDR	$15,037,000	-4.2%	124,166	+1.5%	3.75%	+4.5%
CHMG	Buy	CHEMUNG FINANCIAL CORP	$14,560,000	+0.8%	347,754	+13.2%	3.63%	+10.0%
PEP	Sell	PEPSICO	$13,930,000	-3.7%	85,324	-1.7%	3.47%	+5.1%
JNJ	Sell	JOHNSON	$13,687,000	-9.4%	83,789	-1.6%	3.41%	-1.2%
XLE	Sell	SECTOR SPDR	$11,786,000	-25.2%	163,643	-25.7%	2.94%	-18.3%
MCD	Sell	MCDONALDS CORP	$9,352,000	-8.4%	40,531	-2.0%	2.33%	-0.1%
XLU	Sell	SECTOR SPDR	$8,227,000	-6.7%	125,578	-0.2%	2.05%	+1.8%
PG	Sell	PROCTER	$8,021,000	-14.1%	63,535	-2.2%	2.00%	-6.3%
KO	Sell	COCA-COLA	$7,496,000	-11.3%	133,792	-0.4%	1.87%	-3.2%
AAPL	Sell	APPLE	$7,493,000	-0.8%	54,218	-1.9%	1.87%	+8.2%
IWD	Buy	ISHARESmutual funds -	$7,422,000	-2.6%	54,580	+3.9%	1.85%	+6.3%
BMY	Sell	BRISTOL	$7,195,000	-8.1%	101,207	-0.4%	1.79%	+0.3%
XLB	Sell	SECTOR SPDR	$7,079,000	-36.7%	104,086	-31.5%	1.76%	-30.9%
PFE	Buy	PFIZER	$7,040,000	-15.4%	160,861	+1.3%	1.76%	-7.7%
TRV	Sell	THE	$6,832,000	-10.7%	44,598	-1.4%	1.70%	-2.6%
XLF	Sell	SECTOR SPDR	$6,584,000	-4.6%	216,869	-1.1%	1.64%	+4.1%
PAYX	Sell	PAYCHEX INC	$6,041,000	-1.8%	53,834	-0.3%	1.51%	+7.2%
WMT	Sell	WAL-MART	$5,958,000	+6.5%	45,935	-0.1%	1.48%	+16.3%
GOOG	Buy	ALPHABET	$5,947,000	-12.1%	61,851	+1899.1%	1.48%	-4.1%
AXP	Buy	AMERICAN	$5,826,000	+2.9%	43,187	+5.7%	1.45%	+12.2%
PANW	Buy	PALO	$5,718,000	+0.7%	34,907	+203.7%	1.42%	+9.9%
BRKB	Sell	BERKSHIRE	$5,674,000	-4.4%	21,248	-2.3%	1.41%	+4.3%
ORLY	Buy	O'REILLY	$5,577,000	+1371.5%	7,929	+1221.5%	1.39%	+1497.7%
MDT	Sell	MEDTRONICforeign stock	$5,507,000	-10.4%	68,197	-0.4%	1.37%	-2.2%
UNP	Sell	UNION	$5,340,000	-9.0%	27,410	-0.4%	1.33%	-0.7%
AMGN	Buy	AMGEN	$5,230,000	-6.9%	23,204	+0.5%	1.30%	+1.6%
MAR	Buy	MARRIOTT INTERNATIONAL INC CL A	$5,164,000	+4.9%	36,849	+1.8%	1.29%	+14.5%
BCE	Sell	BCEforeign stock	$5,045,000	-44.1%	120,279	-34.5%	1.26%	-39.0%
RY	Sell	ROYALforeign stock	$4,749,000	-7.7%	52,746	-0.7%	1.18%	+0.8%
MRK	Buy	MERCK	$4,641,000	-5.4%	53,890	+0.2%	1.16%	+3.3%
ADBE	Buy	ADOBE	$4,636,000	+39.7%	16,847	+85.8%	1.16%	+52.5%
GD	Sell	GENERAL	$4,625,000	-5.4%	21,797	-1.4%	1.15%	+3.2%
QQQ	Sell	INVESCOmutual funds -	$4,533,000	-6.0%	16,962	-1.4%	1.13%	+2.6%
ADP	Buy	AUTOMATIC	$4,518,000	+14.6%	19,972	+6.4%	1.13%	+25.0%
XLRE	Sell	SECTOR SPDR	$4,436,000	-18.2%	123,165	-7.2%	1.11%	-10.7%
XSD	Buy	SPDR	$4,201,000	+1.7%	27,612	+1.4%	1.05%	+11.0%
IVV	Buy	ISHARESmutual funds -	$4,059,000	+55.5%	11,319	+64.4%	1.01%	+69.8%
LMT	Buy	LOCKHEED	$4,016,000	-8.9%	10,395	+1.4%	1.00%	-0.6%
CSCO	Sell	CISCO	$3,907,000	-8.3%	97,692	-2.2%	0.97%	+0.1%
GLW	Sell	CORNING	$3,835,000	-14.0%	132,172	-6.6%	0.96%	-6.2%
JPM	Sell	JPMORGAN	$3,795,000	-7.3%	36,316	-0.1%	0.95%	+1.2%
AMZN	Sell	AMAZON.COM	$3,424,000	-0.8%	30,295	-6.8%	0.85%	+8.1%
ROK	New	ROCKWELL AUTOMATION INC	$3,283,000	–	15,262	–	0.82%	–
HD	Buy	HOME	$3,167,000	+2.3%	11,476	+1.6%	0.79%	+11.6%
IYK	Buy	ISHARES	$3,158,000	-4.4%	17,563	+3.7%	0.79%	+4.4%
IHE	Buy	ISHARES	$3,118,000	-7.3%	18,392	+4.8%	0.78%	+1.2%
UNH	Sell	UNITEDHEALTH	$2,911,000	-10.0%	5,764	-8.4%	0.73%	-1.8%
EMR	Sell	EMERSON	$2,818,000	-11.4%	38,483	-3.8%	0.70%	-3.4%
CNI	Buy	CANADIANforeign stock	$2,775,000	-3.2%	25,696	+0.8%	0.69%	+5.6%
IWM	Sell	ISHARESmutual funds -	$2,671,000	-15.8%	16,196	-13.5%	0.67%	-8.1%
SPMD	Sell	SPDRmutual funds -	$2,641,000	-11.0%	68,491	-8.4%	0.66%	-2.9%
ABT	Sell	ABBOTT	$2,207,000	-11.8%	22,804	-0.9%	0.55%	-3.7%
CVX	Sell	CHEVRON	$2,142,000	-1.7%	14,913	-0.9%	0.53%	+7.2%
DUK	Sell	DUKE	$2,017,000	-17.4%	21,687	-4.8%	0.50%	-9.9%
RTX	Sell	RAYTHEON	$1,928,000	-70.7%	23,553	-65.6%	0.48%	-68.0%
HON	Sell	HONEYWELL	$1,784,000	-11.6%	10,684	-8.0%	0.44%	-3.5%
IWO	Sell	ISHARESmutual funds -	$1,747,000	-8.5%	8,456	-8.6%	0.44%	-0.2%
D	Sell	DOMINION	$1,642,000	-15.9%	23,765	-2.9%	0.41%	-8.3%
XOM	Sell	EXXON	$1,518,000	-0.7%	17,385	-2.6%	0.38%	+8.3%
V	Sell	VISA	$1,514,000	-54.5%	8,520	-49.6%	0.38%	-50.4%
XLY	Buy	SECTOR SPDR	$1,476,000	+4.2%	10,358	+0.6%	0.37%	+13.9%
MS	Sell	MORGAN	$1,430,000	-9.3%	18,101	-12.7%	0.36%	-1.1%
JCI	Sell	JOHNSONforeign stock	$1,430,000	-1.4%	29,051	-4.1%	0.36%	+7.6%
DIS	Sell	WALT	$1,337,000	-26.7%	14,175	-26.7%	0.33%	-20.1%
CL	Sell	COLGATE PALMOLIVE	$1,260,000	-15.9%	17,935	-4.1%	0.31%	-8.2%
NVO	Sell	NOVOforeign stock	$1,222,000	-28.8%	12,265	-20.4%	0.30%	-22.2%
SO	Sell	SOUTHERN COMPANY	$1,210,000	-10.5%	17,784	-6.2%	0.30%	-2.3%
TFC	Sell	TRUIST	$1,184,000	-15.5%	27,204	-7.9%	0.30%	-7.8%
AGG	Buy	ISHARESmutual funds -	$1,155,000	+8.9%	11,987	+14.9%	0.29%	+19.0%
XLI	Sell	SECTOR SPDR	$1,084,000	-9.0%	13,089	-4.0%	0.27%	-0.7%
IWN	Sell	ISHARESmutual funds -	$1,069,000	-13.3%	8,291	-8.5%	0.27%	-5.7%
VZ	Sell	VERIZON	$1,061,000	-32.3%	27,949	-9.6%	0.26%	-26.3%
EFA	Sell	ISHARESmutual funds -	$1,005,000	-24.8%	17,943	-16.1%	0.25%	-17.7%
XLP	Sell	SECTOR SPDR	$886,000	-18.2%	13,277	-11.5%	0.22%	-10.5%
GS	Buy	GOLDMAN	$806,000	-1.1%	2,750	+0.2%	0.20%	+8.1%
USB	Sell	US BANCORP	$785,000	-20.6%	19,478	-9.4%	0.20%	-13.3%
GOOGL	Buy	ALPHABET	$728,000	-21.0%	7,610	+1699.1%	0.18%	-13.8%
NEE	Sell	NEXTERA	$718,000	+0.7%	9,167	-0.4%	0.18%	+9.8%
AMAT	Sell	APPLIED	$647,000	-12.2%	7,895	-2.6%	0.16%	-4.2%
VCSH	Buy	VANGUARDmutual funds -	$637,000	+43.1%	8,575	+47.0%	0.16%	+55.9%
VCIT	Buy	VANGUARDmutual funds -	$555,000	+73.4%	7,327	+83.3%	0.14%	+89.0%
ENB	Sell	ENBRIDGEforeign stock	$547,000	-29.2%	14,759	-19.3%	0.14%	-23.2%
INTC	Sell	INTEL	$532,000	-55.0%	20,662	-34.6%	0.13%	-50.7%
ZBH	Buy	ZIMMER	$481,000	-0.4%	4,605	+0.3%	0.12%	+9.1%
BKNG	Sell	BOOKING	$469,000	-91.4%	285	-90.8%	0.12%	-90.6%
MMM	Sell	3M	$438,000	-19.9%	3,960	-6.3%	0.11%	-12.8%
LLY	Sell	ELI	$409,000	-15.0%	1,266	-14.6%	0.10%	-7.3%
LH	Sell	LABORATORY CRP OF AMER HLDGS	$403,000	-31.5%	1,969	-21.4%	0.10%	-25.4%
COST	Sell	COSTCO	$385,000	-2.5%	815	-1.1%	0.10%	+6.7%
CRM	Sell	SALESFORCE	$366,000	-27.7%	2,550	-16.9%	0.09%	-21.6%
CARR	Sell	CARRIER	$331,000	-1.5%	9,313	-1.1%	0.08%	+7.8%
OTIS	Buy	OTIS	$309,000	-4.0%	4,833	+6.0%	0.08%	+4.1%
IDV	Sell	ISHARESmutual funds -	$270,000	-25.4%	11,991	-10.0%	0.07%	-19.3%
CMCSA	Sell	COMCAST	$250,000	-56.9%	8,531	-42.3%	0.06%	-53.0%
NOW	Sell	SERVICENOW	$245,000	-24.8%	650	-5.4%	0.06%	-17.6%
BLK	Buy	BLACKROCK	$237,000	-1.2%	430	+8.9%	0.06%	+7.3%
MA	New	MASTERCARD	$224,000	–	789	–	0.06%	–
XLC	Sell	SECTOR SPDR	$215,000	-15.4%	4,485	-4.3%	0.05%	-6.9%
PHYS	Exit	SPROTTmutual funds-al	$0	–	-11,986	–	-0.04%	–
KEY	Exit	KEYCORP	$0	–	-10,060	–	-0.04%	–
NKE	Exit	NIKE	$0	–	-2,602	–	-0.06%	–

Q2 2022

			Value		Shares		↓ Weighting
XLK	New	SECTOR SPDR	$26,844,000	–	211,176	–	6.13%	–
MSFT	New	MICROSOFT	$18,978,000	–	73,891	–	4.34%	–
XLE	New	SECTOR SPDR	$15,750,000	–	220,240	–	3.60%	–
XLV	New	SECTOR SPDR	$15,693,000	–	122,377	–	3.58%	–
JNJ	New	JOHNSON	$15,111,000	–	85,128	–	3.45%	–
PEP	New	PEPSICO	$14,468,000	–	86,816	–	3.30%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$14,440,000	–	307,232	–	3.30%	–
XLB	New	SECTOR SPDR	$11,183,000	–	151,937	–	2.56%	–
MCD	New	MCDONALDS CORP	$10,214,000	–	41,373	–	2.33%	–
PG	New	PROCTER	$9,340,000	–	64,956	–	2.13%	–
BCE	New	BCEforeign stock	$9,031,000	–	183,637	–	2.06%	–
XLU	New	SECTOR SPDR	$8,822,000	–	125,799	–	2.02%	–
KO	New	COCA-COLA	$8,448,000	–	134,293	–	1.93%	–
PFE	New	PFIZER	$8,326,000	–	158,804	–	1.90%	–
BMY	New	BRISTOL	$7,828,000	–	101,655	–	1.79%	–
TRV	New	THE	$7,654,000	–	45,250	–	1.75%	–
IWD	New	ISHARESmutual funds -	$7,619,000	–	52,553	–	1.74%	–
AAPL	New	APPLE	$7,556,000	–	55,272	–	1.73%	–
XLF	New	SECTOR SPDR	$6,899,000	–	219,368	–	1.58%	–
GOOG	New	ALPHABET	$6,768,000	–	3,094	–	1.55%	–
RTX	New	RAYTHEON	$6,579,000	–	68,458	–	1.50%	–
PAYX	New	PAYCHEX INC	$6,150,000	–	54,010	–	1.40%	–
MDT	New	MEDTRONICforeign stock	$6,147,000	–	68,495	–	1.40%	–
BRKB	New	BERKSHIRE	$5,937,000	–	21,748	–	1.36%	–
UNP	New	UNION	$5,869,000	–	27,520	–	1.34%	–
PANW	New	PALO	$5,678,000	–	11,495	–	1.30%	–
AXP	New	AMERICAN	$5,663,000	–	40,849	–	1.29%	–
AMGN	New	AMGEN	$5,616,000	–	23,085	–	1.28%	–
WMT	New	WAL-MART	$5,592,000	–	45,997	–	1.28%	–
BKNG	New	BOOKING	$5,443,000	–	3,112	–	1.24%	–
XLRE	New	SECTOR SPDR	$5,422,000	–	132,704	–	1.24%	–
RY	New	ROYALforeign stock	$5,143,000	–	53,123	–	1.18%	–
MAR	New	MARRIOTT INTERNATIONAL INC CL A	$4,922,000	–	36,190	–	1.12%	–
MRK	New	MERCK	$4,904,000	–	53,794	–	1.12%	–
GD	New	GENERAL	$4,889,000	–	22,099	–	1.12%	–
QQQ	New	INVESCOmutual funds -	$4,820,000	–	17,196	–	1.10%	–
GLW	New	CORNING	$4,459,000	–	141,517	–	1.02%	–
LMT	New	LOCKHEED	$4,409,000	–	10,253	–	1.01%	–
CSCO	New	CISCO	$4,259,000	–	99,892	–	0.97%	–
XSD	New	SPDR	$4,130,000	–	27,219	–	0.94%	–
JPM	New	JPMORGAN	$4,093,000	–	36,347	–	0.94%	–
ADP	New	AUTOMATIC	$3,944,000	–	18,777	–	0.90%	–
AMZN	New	AMAZON.COM	$3,452,000	–	32,500	–	0.79%	–
IHE	New	ISHARES	$3,362,000	–	17,544	–	0.77%	–
V	New	VISA	$3,329,000	–	16,909	–	0.76%	–
ADBE	New	ADOBE	$3,318,000	–	9,065	–	0.76%	–
IYK	New	ISHARES	$3,302,000	–	16,933	–	0.75%	–
UNH	New	UNITEDHEALTH	$3,233,000	–	6,294	–	0.74%	–
EMR	New	EMERSON	$3,181,000	–	39,995	–	0.73%	–
IWM	New	ISHARESmutual funds -	$3,173,000	–	18,732	–	0.72%	–
HD	New	HOME	$3,097,000	–	11,291	–	0.71%	–
SPMD	New	SPDRmutual funds -	$2,967,000	–	74,741	–	0.68%	–
CNI	New	CANADIANforeign stock	$2,866,000	–	25,488	–	0.66%	–
IVV	New	ISHARESmutual funds -	$2,610,000	–	6,885	–	0.60%	–
ABT	New	ABBOTT	$2,501,000	–	23,021	–	0.57%	–
DUK	New	DUKE	$2,442,000	–	22,782	–	0.56%	–
CVX	New	CHEVRON	$2,179,000	–	15,047	–	0.50%	–
HON	New	HONEYWELL	$2,018,000	–	11,610	–	0.46%	–
D	New	DOMINION	$1,953,000	–	24,466	–	0.45%	–
IWO	New	ISHARESmutual funds -	$1,909,000	–	9,252	–	0.44%	–
DIS	New	WALT	$1,825,000	–	19,326	–	0.42%	–
NVO	New	NOVOforeign stock	$1,717,000	–	15,407	–	0.39%	–
MS	New	MORGAN	$1,577,000	–	20,731	–	0.36%	–
VZ	New	VERIZON	$1,568,000	–	30,906	–	0.36%	–
XOM	New	EXXON	$1,528,000	–	17,852	–	0.35%	–
CL	New	COLGATE PALMOLIVE	$1,499,000	–	18,706	–	0.34%	–
JCI	New	JOHNSONforeign stock	$1,450,000	–	30,286	–	0.33%	–
XLY	New	SECTOR SPDR	$1,416,000	–	10,298	–	0.32%	–
TFC	New	TRUIST	$1,402,000	–	29,552	–	0.32%	–
SO	New	SOUTHERN COMPANY	$1,352,000	–	18,953	–	0.31%	–
EFA	New	ISHARESmutual funds -	$1,337,000	–	21,396	–	0.30%	–
IWN	New	ISHARESmutual funds -	$1,233,000	–	9,057	–	0.28%	–
XLI	New	SECTOR SPDR	$1,191,000	–	13,635	–	0.27%	–
INTC	New	INTEL	$1,182,000	–	31,599	–	0.27%	–
XLP	New	SECTOR SPDR	$1,083,000	–	14,999	–	0.25%	–
AGG	New	ISHARESmutual funds -	$1,061,000	–	10,434	–	0.24%	–
USB	New	US BANCORP	$989,000	–	21,503	–	0.23%	–
GOOGL	New	ALPHABET	$921,000	–	423	–	0.21%	–
GS	New	GOLDMAN	$815,000	–	2,745	–	0.19%	–
ENB	New	ENBRIDGEforeign stock	$773,000	–	18,293	–	0.18%	–
AMAT	New	APPLIED	$737,000	–	8,102	–	0.17%	–
STZ	New	CONSTELLATION BRANDS INC A	$735,000	–	3,154	–	0.17%	–
NEE	New	NEXTERA	$713,000	–	9,201	–	0.16%	–
DGX	New	QUEST	$665,000	–	5,000	–	0.15%	–
SBUX	New	STARBUCKS CORP	$666,000	–	8,725	–	0.15%	–
COP	New	CONOCOPHILLIPS	$629,000	–	7,000	–	0.14%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$588,000	–	2,506	–	0.13%	–
CMCSA	New	COMCAST	$580,000	–	14,793	–	0.13%	–
MMM	New	3M	$547,000	–	4,225	–	0.12%	–
CRM	New	SALESFORCE	$506,000	–	3,068	–	0.12%	–
TXN	New	TEXAS	$498,000	–	3,244	–	0.11%	–
ABBV	New	ABBVIE	$481,000	–	3,141	–	0.11%	–
ZBH	New	ZIMMER	$483,000	–	4,592	–	0.11%	–
LLY	New	ELI	$481,000	–	1,483	–	0.11%	–
VCSH	New	VANGUARDmutual funds -	$445,000	–	5,833	–	0.10%	–
DHR	New	DANAHER	$420,000	–	1,654	–	0.10%	–
TMP	New	TOMPKINS	$411,000	–	5,697	–	0.09%	–
COST	New	COSTCO	$395,000	–	824	–	0.09%	–
ORLY	New	O'REILLY	$379,000	–	600	–	0.09%	–
IDV	New	ISHARESmutual funds -	$362,000	–	13,322	–	0.08%	–
IBM	New	INTERNATIONAL	$341,000	–	2,414	–	0.08%	–
CARR	New	CARRIER	$336,000	–	9,413	–	0.08%	–
GLD	New	SPDRmutual funds -	$337,000	–	2,000	–	0.08%	–
VGT	New	VANGUARD	$339,000	–	1,038	–	0.08%	–
NOW	New	SERVICENOW	$326,000	–	687	–	0.07%	–
OTIS	New	OTIS	$322,000	–	4,559	–	0.07%	–
VCIT	New	VANGUARDmutual funds -	$320,000	–	3,997	–	0.07%	–
SDY	New	SPDRmutual funds -	$317,000	–	2,667	–	0.07%	–
IJT	New	ISHARESmutual funds -	$312,000	–	2,964	–	0.07%	–
NKE	New	NIKE	$266,000	–	2,602	–	0.06%	–
XLC	New	SECTOR SPDR	$254,000	–	4,685	–	0.06%	–
BLK	New	BLACKROCK	$240,000	–	395	–	0.06%	–
SPY	New	STANDARD & POORSmutual funds -	$236,000	–	626	–	0.05%	–
TJX	New	TJX	$238,000	–	4,251	–	0.05%	–
IWY	New	ISHARESmutual funds -	$230,000	–	1,839	–	0.05%	–
VYM	New	VANGUARDmutual funds -	$228,000	–	2,244	–	0.05%	–
PSX	New	PHILLIPS	$212,000	–	2,584	–	0.05%	–
KEY	New	KEYCORP	$173,000	–	10,060	–	0.04%	–
PHYS	New	SPROTTmutual funds-al	$170,000	–	11,986	–	0.04%	–

Q4 2021

			Value		Shares		↓ Weighting
VEA	Exit	VANGUARDmutual funds -	$0	–	-3,969	–	-0.04%	–
GSK	Exit	GLAXOSMITHKLINEforeign stock	$0	–	-5,551	–	-0.04%	–
VYM	Exit	VANGUARDmutual funds -	$0	–	-2,244	–	-0.04%	–
IBB	Exit	ISHARES	$0	–	-1,468	–	-0.05%	–
PSX	Exit	PHILLIPS	$0	–	-3,629	–	-0.05%	–
VCSH	Exit	VANGUARDmutual funds -	$0	–	-3,259	–	-0.05%	–
LLY	Exit	ELI	$0	–	-1,193	–	-0.05%	–
SPY	Exit	STANDARD & POORSmutual funds -	$0	–	-638	–	-0.05%	–
IWY	Exit	ISHARESmutual funds -	$0	–	-1,839	–	-0.05%	–
TJX	Exit	TJX	$0	–	-4,251	–	-0.05%	–
T	Exit	AT&T	$0	–	-10,888	–	-0.06%	–
SDY	Exit	SPDRmutual funds -	$0	–	-2,667	–	-0.06%	–
GLD	Exit	SPDRmutual funds -	$0	–	-2,000	–	-0.06%	–
IWF	Exit	ISHARESmutual funds -	$0	–	-1,218	–	-0.06%	–
IDV	Exit	ISHARESmutual funds -	$0	–	-11,525	–	-0.07%	–
ABBV	Exit	ABBVIE	$0	–	-3,506	–	-0.07%	–
OTIS	Exit	OTIS	$0	–	-4,609	–	-0.07%	–
ORLY	Exit	O'REILLY	$0	–	-622	–	-0.07%	–
COST	Exit	COSTCO	$0	–	-917	–	-0.08%	–
NOW	Exit	SERVICENOW	$0	–	-695	–	-0.08%	–
IBM	Exit	INTERNATIONAL	$0	–	-3,133	–	-0.08%	–
VGT	Exit	VANGUARD	$0	–	-1,133	–	-0.09%	–
TMP	Exit	TOMPKINS	$0	–	-5,697	–	-0.09%	–
GD	Exit	GENERAL	$0	–	-2,353	–	-0.09%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,000	–	-0.09%	–
DHR	Exit	DANAHER	$0	–	-1,660	–	-0.10%	–
CARR	Exit	CARRIER	$0	–	-9,963	–	-0.10%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-1,932	–	-0.11%	–
ENB	Exit	ENBRIDGEforeign stock	$0	–	-14,786	–	-0.11%	–
ADP	Exit	AUTOMATIC	$0	–	-3,099	–	-0.12%	–
AXP	Exit	AMERICAN	$0	–	-3,843	–	-0.12%	–
TXN	Exit	TEXAS	$0	–	-3,322	–	-0.12%	–
NKE	Exit	NIKE	$0	–	-4,641	–	-0.13%	–
NEE	Exit	NEXTERA	$0	–	-8,718	–	-0.13%	–
STZ	Exit	CONSTELLATION BRANDS INC A	$0	–	-3,261	–	-0.13%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-2,506	–	-0.14%	–
DGX	Exit	QUEST	$0	–	-5,000	–	-0.14%	–
PAYX	Exit	PAYCHEX INC	$0	–	-7,309	–	-0.16%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-5,854	–	-0.18%	–
XOM	Exit	EXXON	$0	–	-16,298	–	-0.18%	–
XLP	Exit	SECTOR SPDR	$0	–	-14,187	–	-0.19%	–
VMW	Exit	VMWARE	$0	–	-6,713	–	-0.19%	–
CRM	Exit	SALESFORCE.COM	$0	–	-3,845	–	-0.20%	–
XLC	Exit	SECTOR SPDR	$0	–	-14,170	–	-0.22%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-19,064	–	-0.23%	–
GS	Exit	GOLDMAN	$0	–	-3,665	–	-0.27%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-18,612	–	-0.27%	–
NVO	Exit	NOVOforeign stock	$0	–	-14,722	–	-0.27%	–
ZBH	Exit	ZIMMER	$0	–	-10,128	–	-0.28%	–
AMGN	Exit	AMGEN	$0	–	-7,148	–	-0.29%	–
CVX	Exit	CHEVRON	$0	–	-15,176	–	-0.30%	–
XLU	Exit	SECTOR SPDR	$0	–	-24,476	–	-0.30%	–
TRV	Exit	THE	$0	–	-10,422	–	-0.30%	–
EFA	Exit	ISHARESmutual funds -	$0	–	-20,794	–	-0.31%	–
GOOGL	Exit	ALPHABET	$0	–	-614	–	-0.32%	–
USB	Exit	US BANCORP	$0	–	-30,396	–	-0.35%	–
XLI	Exit	SECTOR SPDR	$0	–	-18,482	–	-0.35%	–
D	Exit	DOMINION	$0	–	-24,909	–	-0.35%	–
INTC	Exit	INTEL	$0	–	-38,532	–	-0.39%	–
AGG	Exit	ISHARESmutual funds -	$0	–	-20,099	–	-0.44%	–
DUK	Exit	DUKE	$0	–	-23,985	–	-0.45%	–
XLY	Exit	SECTOR SPDR	$0	–	-14,095	–	-0.49%	–
MS	Exit	MORGAN	$0	–	-26,243	–	-0.49%	–
VZ	Exit	VERIZON	$0	–	-48,748	–	-0.51%	–
HON	Exit	HONEYWELL	$0	–	-12,595	–	-0.51%	–
CNI	Exit	CANADIANforeign stock	$0	–	-25,540	–	-0.57%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-10,151	–	-0.57%	–
WMT	Exit	WAL-MART	$0	–	-22,231	–	-0.60%	–
ABT	Exit	ABBOTT	$0	–	-26,515	–	-0.60%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-7,481	–	-0.62%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-74,741	–	-0.66%	–
HD	Exit	HOME	$0	–	-11,324	–	-0.71%	–
PII	Exit	POLARIS	$0	–	-32,592	–	-0.75%	–
PFE	Exit	PFIZER	$0	–	-90,910	–	-0.75%	–
DD	Exit	DUPONT	$0	–	-66,517	–	-0.87%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-23,380	–	-0.88%	–
IWM	Exit	ISHARESmutual funds -	$0	–	-21,129	–	-0.89%	–
BKNG	Exit	BOOKING	$0	–	-2,058	–	-0.94%	–
GLW	Exit	CORNING	$0	–	-141,152	–	-0.99%	–
RY	Exit	ROYALforeign stock	$0	–	-53,182	–	-1.02%	–
RTX	Exit	RAYTHEON	$0	–	-62,601	–	-1.03%	–
UNP	Exit	UNION	$0	–	-29,199	–	-1.10%	–
PANW	Exit	PALO	$0	–	-12,149	–	-1.12%	–
BRKB	Exit	BERKSHIRE	$0	–	-21,887	–	-1.15%	–
DIS	Exit	WALT	$0	–	-36,417	–	-1.18%	–
ADBE	Exit	ADOBE	$0	–	-10,717	–	-1.18%	–
JPM	Exit	JPMORGAN	$0	–	-38,140	–	-1.20%	–
BLK	Exit	BLACKROCK	$0	–	-7,482	–	-1.20%	–
BMY	Exit	BRISTOL	$0	–	-106,718	–	-1.21%	–
XLRE	Exit	SECTOR SPDR	$0	–	-148,761	–	-1.27%	–
UNH	Exit	UNITEDHEALTH	$0	–	-17,146	–	-1.29%	–
QQQ	Exit	INVESCOmutual funds -	$0	–	-19,035	–	-1.31%	–
AMAT	Exit	APPLIED	$0	–	-53,125	–	-1.31%	–
JCI	Exit	JOHNSONforeign stock	$0	–	-102,474	–	-1.34%	–
IWD	Exit	ISHARESmutual funds -	$0	–	-46,756	–	-1.40%	–
KO	Exit	COCA-COLA	$0	–	-141,803	–	-1.43%	–
XLV	Exit	SECTOR SPDR	$0	–	-58,817	–	-1.44%	–
XLB	Exit	SECTOR SPDR	$0	–	-97,601	–	-1.48%	–
AAPL	Exit	APPLE	$0	–	-54,642	–	-1.48%	–
CSCO	Exit	CISCO	$0	–	-146,149	–	-1.53%	–
EMR	Exit	EMERSON	$0	–	-92,545	–	-1.67%	–
XLF	Exit	SECTOR SPDR	$0	–	-243,398	–	-1.75%	–
TFC	Exit	TRUIST	$0	–	-162,231	–	-1.83%	–
BCE	Exit	BCEforeign stock	$0	–	-190,351	–	-1.83%	–
PG	Exit	PROCTER	$0	–	-68,507	–	-1.84%	–
MRK	Exit	MERCK	$0	–	-127,762	–	-1.84%	–
V	Exit	VISA	$0	–	-44,597	–	-1.91%	–
MCD	Exit	MCDONALDS CORP	$0	–	-44,641	–	-2.07%	–
GOOG	Exit	ALPHABET	$0	–	-4,092	–	-2.09%	–
MMM	Exit	3M	$0	–	-63,669	–	-2.14%	–
CMCSA	Exit	COMCAST	$0	–	-206,466	–	-2.22%	–
PEP	Exit	PEPSICO	$0	–	-77,848	–	-2.25%	–
XLE	Exit	SECTOR SPDR	$0	–	-226,144	–	-2.26%	–
XSD	Exit	SPDR	$0	–	-60,218	–	-2.29%	–
MDT	Exit	MEDTRONICforeign stock	$0	–	-96,767	–	-2.33%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-113,335	–	-2.40%	–
JNJ	Exit	JOHNSON	$0	–	-85,446	–	-2.65%	–
AMZN	Exit	AMAZON.COM	$0	–	-4,300	–	-2.71%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-364,739	–	-3.17%	–
MSFT	Exit	MICROSOFT	$0	–	-89,319	–	-4.84%	–
XLK	Exit	SECTOR SPDR	$0	–	-173,364	–	-4.97%	–

Q3 2021

			Value		Shares		↓ Weighting
XLK	Buy	SECTOR SPDR	$25,887,000	+49.8%	173,364	+48.1%	4.97%	+50.5%
MSFT	Sell	MICROSOFT	$25,181,000	+3.0%	89,319	-1.0%	4.84%	+3.5%
CHMG	Buy	CHEMUNG FINANCIAL CORP	$16,522,000	+3.6%	364,739	+1.3%	3.17%	+4.1%
AMZN	Buy	AMAZON.COM	$14,125,000	-3.4%	4,300	+1.2%	2.71%	-3.0%
JNJ	Sell	JOHNSON	$13,800,000	-2.4%	85,446	-0.4%	2.65%	-2.0%
SBUX	Sell	STARBUCKS CORP	$12,502,000	-1.8%	113,335	-0.4%	2.40%	-1.3%
MDT	Buy	MEDTRONICforeign stock	$12,130,000	+3.2%	96,767	+2.2%	2.33%	+3.6%
XSD	Buy	SPDR	$11,922,000	+3.8%	60,218	+0.9%	2.29%	+4.3%
XLE	Buy	SECTOR SPDR	$11,780,000	+48.2%	226,144	+53.2%	2.26%	+48.8%
PEP	Sell	PEPSICO	$11,709,000	+1.2%	77,848	-0.3%	2.25%	+1.7%
CMCSA	Buy	COMCAST	$11,548,000	-1.8%	206,466	+0.1%	2.22%	-1.3%
MMM	Sell	3M	$11,169,000	-11.7%	63,669	-0.0%	2.14%	-11.3%
GOOG	Buy	ALPHABET	$10,906,000	+7.3%	4,092	+0.9%	2.09%	+7.7%
MCD	Buy	MCDONALDS CORP	$10,764,000	+6.1%	44,641	+1.7%	2.07%	+6.6%
V	Sell	VISA	$9,934,000	-5.3%	44,597	-0.6%	1.91%	-4.8%
MRK	Buy	MERCK	$9,596,000	+122.5%	127,762	+130.4%	1.84%	+123.4%
PG	Sell	PROCTER	$9,578,000	+3.3%	68,507	-0.3%	1.84%	+3.7%
BCE	Buy	BCEforeign stock	$9,529,000	+10.1%	190,351	+8.5%	1.83%	+10.6%
TFC	Buy	TRUIST	$9,515,000	+9.1%	162,231	+3.2%	1.83%	+9.6%
XLF	Buy	SECTOR SPDR	$9,135,000	+84.3%	243,398	+80.1%	1.75%	+85.0%
EMR	Buy	EMERSON	$8,718,000	-1.9%	92,545	+0.2%	1.67%	-1.5%
CSCO	Buy	CISCO	$7,955,000	+38.1%	146,149	+34.4%	1.53%	+38.8%
AAPL	Buy	APPLE	$7,732,000	+3.6%	54,642	+0.3%	1.48%	+4.1%
XLB	Sell	SECTOR SPDR	$7,721,000	-21.3%	97,601	-18.1%	1.48%	-20.9%
XLV	Buy	SECTOR SPDR	$7,487,000	+205.3%	58,817	+202.1%	1.44%	+206.6%
KO	Buy	COCA-COLA	$7,441,000	-1.0%	141,803	+2.1%	1.43%	-0.6%
IWD	Sell	ISHARESmutual funds -	$7,317,000	-3.6%	46,756	-2.3%	1.40%	-3.2%
JCI	Sell	JOHNSONforeign stock	$6,976,000	-2.2%	102,474	-1.4%	1.34%	-1.8%
AMAT	Buy	APPLIED	$6,839,000	-8.1%	53,125	+1.7%	1.31%	-7.7%
QQQ	Buy	INVESCOmutual funds -	$6,814,000	+1.1%	19,035	+0.1%	1.31%	+1.6%
UNH	Sell	UNITEDHEALTH	$6,700,000	-3.0%	17,146	-0.6%	1.29%	-2.5%
XLRE	Buy	SECTOR SPDR	$6,613,000	+1.5%	148,761	+1.2%	1.27%	+2.0%
BMY	Buy	BRISTOL	$6,314,000	-4.2%	106,718	+8.2%	1.21%	-3.7%
BLK	Sell	BLACKROCK	$6,275,000	-5.8%	7,482	-1.7%	1.20%	-5.3%
JPM	Sell	JPMORGAN	$6,243,000	+5.2%	38,140	-0.0%	1.20%	+5.7%
ADBE	Sell	ADOBE	$6,170,000	-43.3%	10,717	-42.4%	1.18%	-43.1%
DIS	Sell	WALT	$6,160,000	-5.3%	36,417	-1.6%	1.18%	-4.8%
BRKB	Buy	BERKSHIRE	$5,973,000	+161.5%	21,887	+166.2%	1.15%	+162.5%
PANW	Buy	PALO	$5,819,000	+31.2%	12,149	+1.6%	1.12%	+31.7%
UNP	Buy	UNION	$5,724,000	-10.6%	29,199	+0.3%	1.10%	-10.2%
RTX	Sell	RAYTHEON	$5,382,000	-0.8%	62,601	-1.5%	1.03%	-0.3%
RY	Buy	ROYALforeign stock	$5,290,000	-1.7%	53,182	+0.1%	1.02%	-1.3%
GLW	Buy	CORNING	$5,151,000	-9.9%	141,152	+1.0%	0.99%	-9.5%
BKNG	New	BOOKING	$4,886,000	–	2,058	–	0.94%	–
IWM	Buy	ISHARESmutual funds -	$4,622,000	+29.7%	21,129	+36.0%	0.89%	+30.4%
TROW	Buy	T ROWE PRICE GROUP INC	$4,599,000	+0.5%	23,380	+1.1%	0.88%	+0.9%
DD	New	DUPONT	$4,522,000	–	66,517	–	0.87%	–
PFE	Sell	PFIZER	$3,910,000	+7.0%	90,910	-2.5%	0.75%	+7.6%
PII	Buy	POLARIS	$3,900,000	-3.5%	32,592	+10.4%	0.75%	-3.1%
HD	Sell	HOME	$3,717,000	+1.7%	11,324	-1.2%	0.71%	+2.1%
IVV	Buy	ISHARESmutual funds -	$3,223,000	+0.6%	7,481	+0.4%	0.62%	+1.0%
ABT	Sell	ABBOTT	$3,133,000	-0.3%	26,515	-2.1%	0.60%	+0.3%
WMT	Sell	WAL-MART	$3,099,000	-1.4%	22,231	-0.2%	0.60%	-1.0%
HON	Sell	HONEYWELL	$2,674,000	-3.7%	12,595	-0.5%	0.51%	-3.2%
VZ	Sell	VERIZON	$2,633,000	-10.5%	48,748	-7.1%	0.51%	-10.0%
MS	Sell	MORGAN	$2,554,000	-62.2%	26,243	-64.4%	0.49%	-62.1%
XLY	Buy	SECTOR SPDR	$2,530,000	+2.0%	14,095	+1.5%	0.49%	+2.5%
DUK	Buy	DUKE	$2,340,000	-0.5%	23,985	+0.6%	0.45%	-0.2%
AGG	Buy	ISHARESmutual funds -	$2,308,000	+0.1%	20,099	+0.5%	0.44%	+0.5%
D	Sell	DOMINION	$1,819,000	-12.2%	24,909	-11.6%	0.35%	-11.9%
XLI	Buy	SECTOR SPDR	$1,808,000	-1.3%	18,482	+3.4%	0.35%	-0.9%
USB	Sell	US BANCORP	$1,806,000	-69.7%	30,396	-71.0%	0.35%	-69.6%
GOOGL	Sell	ALPHABET	$1,642,000	+4.6%	614	-4.5%	0.32%	+5.0%
EFA	Sell	ISHARESmutual funds -	$1,622,000	-1.6%	20,794	-0.5%	0.31%	-1.3%
TRV	Buy	THE	$1,584,000	+5.7%	10,422	+4.2%	0.30%	+6.3%
XLU	Sell	SECTOR SPDR	$1,564,000	-0.2%	24,476	-1.2%	0.30%	0.0%
CVX	Buy	CHEVRON	$1,539,000	-0.6%	15,176	+2.7%	0.30%	0.0%
ZBH	Sell	ZIMMER	$1,483,000	-74.8%	10,128	-72.3%	0.28%	-74.6%
NVO	Sell	NOVOforeign stock	$1,413,000	-75.8%	14,722	-78.9%	0.27%	-75.7%
CL	Sell	COLGATE PALMOLIVE	$1,407,000	-7.2%	18,612	-0.2%	0.27%	-6.9%
GS	Sell	GOLDMAN	$1,385,000	-2.3%	3,665	-1.9%	0.27%	-1.8%
SO	Buy	SOUTHERN COMPANY	$1,182,000	+7.4%	19,064	+4.8%	0.23%	+8.1%
XLC	Sell	SECTOR SPDR	$1,135,000	-4.7%	14,170	-3.6%	0.22%	-4.4%
CRM	Sell	SALESFORCE.COM	$1,043,000	+5.0%	3,845	-5.3%	0.20%	+5.3%
VMW	Sell	VMWARE	$998,000	-76.0%	6,713	-74.2%	0.19%	-75.9%
XLP	Sell	SECTOR SPDR	$977,000	-9.5%	14,187	-8.1%	0.19%	-8.7%
XOM	Sell	EXXON	$958,000	-7.3%	16,298	-0.5%	0.18%	-6.6%
PAYX	Sell	PAYCHEX INC	$822,000	+0.6%	7,309	-4.1%	0.16%	+1.3%
STZ	Sell	CONSTELLATION BRANDS INC A	$687,000	-92.3%	3,261	-91.5%	0.13%	-92.3%
NKE	Sell	NIKE	$674,000	-11.0%	4,641	-5.3%	0.13%	-11.0%
TXN	Sell	TEXAS	$638,000	-4.9%	3,322	-4.9%	0.12%	-3.9%
AXP	Sell	AMERICAN	$643,000	+0.6%	3,843	-0.5%	0.12%	+0.8%
ADP	Sell	AUTOMATIC	$620,000	-1.6%	3,099	-2.2%	0.12%	-0.8%
ENB	Buy	ENBRIDGEforeign stock	$588,000	+1.7%	14,786	+2.3%	0.11%	+1.8%
ROK	Sell	ROCKWELL AUTOMATION INC	$568,000	-88.6%	1,932	-88.9%	0.11%	-88.6%
CARR	Sell	CARRIER	$515,000	+1.2%	9,963	-5.0%	0.10%	+2.1%
DHR	Sell	DANAHER	$505,000	+11.5%	1,660	-1.5%	0.10%	+11.5%
GD	Sell	GENERAL	$461,000	-3.8%	2,353	-7.5%	0.09%	-3.3%
IBM	Sell	INTERNATIONAL	$435,000	-6.9%	3,133	-1.6%	0.08%	-5.6%
NOW	Sell	SERVICENOW	$432,000	+5.9%	695	-6.5%	0.08%	+6.4%
COST	Sell	COSTCO	$412,000	+8.4%	917	-4.4%	0.08%	+8.2%
ABBV	Sell	ABBVIE	$378,000	-18.0%	3,506	-14.4%	0.07%	-17.0%
ORLY	Sell	O'REILLY	$380,000	+7.0%	622	-0.8%	0.07%	+7.4%
OTIS	Sell	OTIS	$380,000	-6.9%	4,609	-7.7%	0.07%	-6.4%
IDV	Buy	ISHARESmutual funds -	$351,000	+37.1%	11,525	+45.8%	0.07%	+36.7%
IWF	Sell	ISHARESmutual funds -	$334,000	-0.3%	1,218	-1.4%	0.06%	0.0%
SDY	Sell	SPDRmutual funds -	$314,000	-23.8%	2,667	-20.9%	0.06%	-24.1%
T	Sell	AT&T	$294,000	-7.0%	10,888	-0.9%	0.06%	-6.7%
LLY	Sell	ELI	$276,000	-7.1%	1,193	-7.7%	0.05%	-7.0%
PSX	Sell	PHILLIPS	$254,000	-94.5%	3,629	-93.3%	0.05%	-94.5%
IBB	New	ISHARES	$238,000	–	1,468	–	0.05%	–
VYM	Sell	VANGUARDmutual funds -	$232,000	-27.7%	2,244	-26.7%	0.04%	-26.2%
GE	Exit	GENERAL	$0	–	-14,263	–	-0.04%	–
SIRI	Exit	SIRIUS	$0	–	-149,590	–	-0.19%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT	$24,447,000	–	90,243	–	4.67%	–
XLK	New	SECTOR SPDR	$17,282,000	–	117,040	–	3.30%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$15,948,000	–	359,903	–	3.05%	–
AMZN	New	AMAZON.COM	$14,620,000	–	4,250	–	2.80%	–
JNJ	New	JOHNSON	$14,137,000	–	85,814	–	2.70%	–
SBUX	New	STARBUCKS CORP	$12,725,000	–	113,808	–	2.43%	–
MMM	New	3M	$12,648,000	–	63,679	–	2.42%	–
CMCSA	New	COMCAST	$11,756,000	–	206,169	–	2.25%	–
MDT	New	MEDTRONICforeign stock	$11,752,000	–	94,678	–	2.25%	–
PEP	New	PEPSICO	$11,571,000	–	78,093	–	2.21%	–
XSD	New	SPDR	$11,483,000	–	59,698	–	2.20%	–
ADBE	New	ADOBE	$10,888,000	–	18,591	–	2.08%	–
V	New	VISA	$10,485,000	–	44,844	–	2.00%	–
GOOG	New	ALPHABET	$10,168,000	–	4,057	–	1.94%	–
MCD	New	MCDONALDS CORP	$10,142,000	–	43,906	–	1.94%	–
XLB	New	SECTOR SPDR	$9,815,000	–	119,243	–	1.88%	–
PG	New	PROCTER	$9,272,000	–	68,715	–	1.77%	–
STZ	New	CONSTELLATION BRANDS INC A	$8,928,000	–	38,173	–	1.71%	–
EMR	New	EMERSON	$8,891,000	–	92,382	–	1.70%	–
TFC	New	TRUIST	$8,722,000	–	157,160	–	1.67%	–
BCE	New	BCEforeign stock	$8,652,000	–	175,437	–	1.65%	–
XLE	New	SECTOR SPDR	$7,951,000	–	147,584	–	1.52%	–
IWD	New	ISHARESmutual funds -	$7,590,000	–	47,850	–	1.45%	–
KO	New	COCA-COLA	$7,518,000	–	138,942	–	1.44%	–
AAPL	New	APPLE	$7,462,000	–	54,484	–	1.43%	–
AMAT	New	APPLIED	$7,438,000	–	52,234	–	1.42%	–
JCI	New	JOHNSONforeign stock	$7,135,000	–	103,969	–	1.36%	–
UNH	New	UNITEDHEALTH	$6,905,000	–	17,244	–	1.32%	–
MS	New	MORGAN	$6,759,000	–	73,718	–	1.29%	–
QQQ	New	INVESCOmutual funds -	$6,738,000	–	19,012	–	1.29%	–
BLK	New	BLACKROCK	$6,660,000	–	7,611	–	1.27%	–
BMY	New	BRISTOL	$6,591,000	–	98,632	–	1.26%	–
XLRE	New	SECTOR SPDR	$6,513,000	–	146,935	–	1.24%	–
DIS	New	WALT	$6,502,000	–	36,994	–	1.24%	–
UNP	New	UNION	$6,402,000	–	29,109	–	1.22%	–
USB	New	US BANCORP	$5,968,000	–	104,763	–	1.14%	–
JPM	New	JPMORGAN	$5,933,000	–	38,143	–	1.13%	–
ZBH	New	ZIMMER	$5,880,000	–	36,561	–	1.12%	–
NVO	New	NOVOforeign stock	$5,834,000	–	69,636	–	1.12%	–
CSCO	New	CISCO	$5,761,000	–	108,713	–	1.10%	–
GLW	New	CORNING	$5,718,000	–	139,794	–	1.09%	–
RTX	New	RAYTHEON	$5,423,000	–	63,572	–	1.04%	–
RY	New	ROYALforeign stock	$5,382,000	–	53,120	–	1.03%	–
ROK	New	ROCKWELL AUTOMATION INC	$4,987,000	–	17,437	–	0.95%	–
XLF	New	SECTOR SPDR	$4,957,000	–	135,109	–	0.95%	–
PSX	New	PHILLIPS	$4,625,000	–	53,895	–	0.88%	–
TROW	New	T ROWE PRICE GROUP INC	$4,578,000	–	23,124	–	0.88%	–
PANW	New	PALO	$4,435,000	–	11,952	–	0.85%	–
MRK	New	MERCK	$4,313,000	–	55,462	–	0.82%	–
VMW	New	VMWARE	$4,166,000	–	26,040	–	0.80%	–
PII	New	POLARIS	$4,042,000	–	29,511	–	0.77%	–
HD	New	HOME	$3,654,000	–	11,461	–	0.70%	–
PFE	New	PFIZER	$3,653,000	–	93,288	–	0.70%	–
IWM	New	ISHARESmutual funds -	$3,563,000	–	15,532	–	0.68%	–
SPMD	New	SPDRmutual funds -	$3,528,000	–	74,741	–	0.67%	–
IVV	New	ISHARESmutual funds -	$3,205,000	–	7,454	–	0.61%	–
IWO	New	ISHARESmutual funds -	$3,164,000	–	10,151	–	0.60%	–
WMT	New	WAL-MART	$3,143,000	–	22,286	–	0.60%	–
ABT	New	ABBOTT	$3,141,000	–	27,095	–	0.60%	–
VZ	New	VERIZON	$2,942,000	–	52,500	–	0.56%	–
HON	New	HONEYWELL	$2,776,000	–	12,655	–	0.53%	–
CNI	New	CANADIANforeign stock	$2,695,000	–	25,540	–	0.52%	–
XLY	New	SECTOR SPDR	$2,480,000	–	13,886	–	0.47%	–
XLV	New	SECTOR SPDR	$2,452,000	–	19,469	–	0.47%	–
DUK	New	DUKE	$2,352,000	–	23,833	–	0.45%	–
AGG	New	ISHARESmutual funds -	$2,306,000	–	19,999	–	0.44%	–
BRKB	New	BERKSHIRE	$2,284,000	–	8,221	–	0.44%	–
INTC	New	INTEL	$2,163,000	–	38,532	–	0.41%	–
D	New	DOMINION	$2,072,000	–	28,165	–	0.40%	–
XLI	New	SECTOR SPDR	$1,831,000	–	17,882	–	0.35%	–
AMGN	New	AMGEN	$1,742,000	–	7,148	–	0.33%	–
EFA	New	ISHARESmutual funds -	$1,649,000	–	20,900	–	0.32%	–
XLU	New	SECTOR SPDR	$1,567,000	–	24,784	–	0.30%	–
GOOGL	New	ALPHABET	$1,570,000	–	643	–	0.30%	–
CVX	New	CHEVRON	$1,549,000	–	14,782	–	0.30%	–
CL	New	COLGATE PALMOLIVE	$1,516,000	–	18,642	–	0.29%	–
TRV	New	THE	$1,498,000	–	10,002	–	0.29%	–
GS	New	GOLDMAN	$1,417,000	–	3,735	–	0.27%	–
XLC	New	SECTOR SPDR	$1,191,000	–	14,704	–	0.23%	–
SO	New	SOUTHERN COMPANY	$1,101,000	–	18,194	–	0.21%	–
XLP	New	SECTOR SPDR	$1,080,000	–	15,434	–	0.21%	–
XOM	New	EXXON	$1,033,000	–	16,381	–	0.20%	–
CRM	New	SALESFORCE.COM	$993,000	–	4,062	–	0.19%	–
SIRI	New	SIRIUS	$978,000	–	149,590	–	0.19%	–
IWN	New	ISHARESmutual funds -	$971,000	–	5,854	–	0.19%	–
PAYX	New	PAYCHEX INC	$817,000	–	7,618	–	0.16%	–
NKE	New	NIKE	$757,000	–	4,901	–	0.14%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$691,000	–	2,506	–	0.13%	–
TXN	New	TEXAS	$671,000	–	3,492	–	0.13%	–
DGX	New	QUEST	$660,000	–	5,000	–	0.13%	–
NEE	New	NEXTERA	$639,000	–	8,718	–	0.12%	–
AXP	New	AMERICAN	$639,000	–	3,862	–	0.12%	–
ADP	New	AUTOMATIC	$630,000	–	3,170	–	0.12%	–
ENB	New	ENBRIDGEforeign stock	$578,000	–	14,450	–	0.11%	–
CARR	New	CARRIER	$509,000	–	10,482	–	0.10%	–
GD	New	GENERAL	$479,000	–	2,545	–	0.09%	–
IBM	New	INTERNATIONAL	$467,000	–	3,183	–	0.09%	–
ABBV	New	ABBVIE	$461,000	–	4,095	–	0.09%	–
DHR	New	DANAHER	$453,000	–	1,686	–	0.09%	–
VGT	New	VANGUARD	$452,000	–	1,133	–	0.09%	–
TMP	New	TOMPKINS	$442,000	–	5,697	–	0.08%	–
COP	New	CONOCOPHILLIPS	$426,000	–	7,000	–	0.08%	–
SDY	New	SPDRmutual funds -	$412,000	–	3,370	–	0.08%	–
OTIS	New	OTIS	$408,000	–	4,992	–	0.08%	–
NOW	New	SERVICENOW	$408,000	–	743	–	0.08%	–
COST	New	COSTCO	$380,000	–	959	–	0.07%	–
ORLY	New	O'REILLY	$355,000	–	627	–	0.07%	–
IWF	New	ISHARESmutual funds -	$335,000	–	1,235	–	0.06%	–
GLD	New	SPDRmutual funds -	$331,000	–	2,000	–	0.06%	–
VYM	New	VANGUARDmutual funds -	$321,000	–	3,061	–	0.06%	–
T	New	AT&T	$316,000	–	10,988	–	0.06%	–
LLY	New	ELI	$297,000	–	1,293	–	0.06%	–
TJX	New	TJX	$286,000	–	4,251	–	0.06%	–
IWY	New	ISHARESmutual funds -	$277,000	–	1,839	–	0.05%	–
VCSH	New	VANGUARDmutual funds -	$270,000	–	3,259	–	0.05%	–
SPY	New	STANDARD & POORSmutual funds -	$273,000	–	638	–	0.05%	–
IDV	New	ISHARESmutual funds -	$256,000	–	7,902	–	0.05%	–
GSK	New	GLAXOSMITHKLINEforeign stock	$221,000	–	5,551	–	0.04%	–
VEA	New	VANGUARDmutual funds -	$204,000	–	3,969	–	0.04%	–
GE	New	GENERAL	$192,000	–	14,263	–	0.04%	–

Q4 2020

			Value		Shares		↓ Weighting
GE	Exit	GENERAL	$0	–	-13,013	–	-0.02%	–
IDV	Exit	ISHARESmutual funds -	$0	–	-8,180	–	-0.05%	–
IWY	Exit	ISHARESmutual funds -	$0	–	-1,839	–	-0.05%	–
SPY	Exit	STANDARD & POORSmutual funds -	$0	–	-656	–	-0.05%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,186	–	-0.06%	–
IBB	Exit	ISHARES	$0	–	-1,756	–	-0.06%	–
TJX	Exit	TJX	$0	–	-4,251	–	-0.06%	–
VYM	Exit	VANGUARDmutual funds -	$0	–	-3,061	–	-0.06%	–
USB	Exit	US BANCORP	$0	–	-7,451	–	-0.06%	–
BCE	Exit	BCEforeign stock	$0	–	-6,544	–	-0.06%	–
SDY	Exit	SPDRmutual funds -	$0	–	-3,370	–	-0.07%	–
TMP	Exit	TOMPKINS	$0	–	-5,697	–	-0.08%	–
COST	Exit	COSTCO	$0	–	-994	–	-0.08%	–
VGT	Exit	VANGUARD	$0	–	-1,133	–	-0.08%	–
GLD	Exit	SPDRmutual funds -	$0	–	-2,000	–	-0.08%	–
DHR	Exit	DANAHER	$0	–	-1,682	–	-0.09%	–
T	Exit	AT&T	$0	–	-13,284	–	-0.09%	–
PSX	Exit	PHILLIPS	$0	–	-8,512	–	-0.10%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-3,309	–	-0.11%	–
IBM	Exit	INTERNATIONAL	$0	–	-3,822	–	-0.11%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-2,506	–	-0.11%	–
ABBV	Exit	ABBVIE	$0	–	-5,616	–	-0.12%	–
RY	Exit	ROYALforeign stock	$0	–	-8,118	–	-0.14%	–
DGX	Exit	QUEST	$0	–	-5,000	–	-0.14%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-5,854	–	-0.14%	–
CARR	Exit	CARRIER	$0	–	-19,240	–	-0.14%	–
CSCO	Exit	CISCO	$0	–	-15,111	–	-0.14%	–
NEE	Exit	NEXTERA	$0	–	-2,285	–	-0.15%	–
DE	Exit	DEERE & CO	$0	–	-2,984	–	-0.16%	–
ORLY	Exit	O'REILLY	$0	–	-1,490	–	-0.16%	–
PAYX	Exit	PAYCHEX INC	$0	–	-8,727	–	-0.17%	–
GD	Exit	GENERAL	$0	–	-5,118	–	-0.17%	–
LLY	Exit	ELI	$0	–	-5,784	–	-0.20%	–
XOM	Exit	EXXON	$0	–	-25,903	–	-0.21%	–
OTIS	Exit	OTIS	$0	–	-14,540	–	-0.22%	–
IWF	Exit	ISHARESmutual funds -	$0	–	-4,424	–	-0.23%	–
GOOGL	Exit	ALPHABET	$0	–	-679	–	-0.24%	–
BLK	Exit	BLACKROCK	$0	–	-1,788	–	-0.24%	–
TRV	Exit	THE	$0	–	-10,698	–	-0.28%	–
XLP	Exit	SECTOR SPDR	$0	–	-18,609	–	-0.28%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-22,926	–	-0.30%	–
XLC	Exit	SECTOR SPDR	$0	–	-22,522	–	-0.32%	–
RTX	Exit	RAYTHEON	$0	–	-24,682	–	-0.34%	–
EFA	Exit	ISHARESmutual funds -	$0	–	-22,983	–	-0.35%	–
XLI	Exit	SECTOR SPDR	$0	–	-20,093	–	-0.37%	–
AXP	Exit	AMERICAN	$0	–	-16,556	–	-0.40%	–
BRKB	Exit	BERKSHIRE	$0	–	-8,930	–	-0.45%	–
CVX	Exit	CHEVRON	$0	–	-26,997	–	-0.46%	–
GSK	Exit	GLAXOSMITHKLINEforeign stock	$0	–	-58,234	–	-0.52%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-10,302	–	-0.54%	–
IWD	Exit	ISHARESmutual funds -	$0	–	-19,473	–	-0.55%	–
EMR	Exit	EMERSON	$0	–	-35,654	–	-0.56%	–
ENB	Exit	ENBRIDGEforeign stock	$0	–	-83,054	–	-0.58%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-7,234	–	-0.58%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-74,741	–	-0.58%	–
AMGN	Exit	AMGEN	$0	–	-9,733	–	-0.59%	–
IWM	Exit	ISHARESmutual funds -	$0	–	-16,842	–	-0.60%	–
CNI	Exit	CANADIANforeign stock	$0	–	-25,657	–	-0.65%	–
XLY	Exit	SECTOR SPDR	$0	–	-18,872	–	-0.66%	–
XLU	Exit	SECTOR SPDR	$0	–	-47,161	–	-0.67%	–
XLE	Exit	SECTOR SPDR	$0	–	-97,907	–	-0.70%	–
INTC	Exit	INTEL	$0	–	-57,610	–	-0.71%	–
ABT	Exit	ABBOTT	$0	–	-28,128	–	-0.73%	–
KO	Exit	COCA-COLA	$0	–	-63,489	–	-0.75%	–
XLF	Exit	SECTOR SPDR	$0	–	-132,889	–	-0.76%	–
PFE	Exit	PFIZER	$0	–	-94,260	–	-0.83%	–
HD	Exit	HOME	$0	–	-12,727	–	-0.84%	–
NKE	Exit	NIKE INC CL B	$0	–	-30,969	–	-0.93%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-17,888	–	-0.94%	–
NVO	Exit	NOVOforeign stock	$0	–	-56,936	–	-0.94%	–
AMAT	Exit	APPLIED	$0	–	-66,620	–	-0.95%	–
WMT	Exit	WAL-MART	$0	–	-28,363	–	-0.95%	–
JPM	Exit	JPMORGAN	$0	–	-41,903	–	-0.96%	–
ZBH	Exit	ZIMMER	$0	–	-30,215	–	-0.98%	–
DUK	Exit	DUKE	$0	–	-47,104	–	-1.00%	–
XSD	Exit	SPDR	$0	–	-35,733	–	-1.07%	–
JCI	Exit	JOHNSONforeign stock	$0	–	-113,585	–	-1.11%	–
GLW	Exit	CORNING	$0	–	-146,488	–	-1.13%	–
UNH	Exit	UNITEDHEALTH	$0	–	-15,400	–	-1.15%	–
GS	Exit	GOLDMAN	$0	–	-24,009	–	-1.15%	–
XLV	Exit	SECTOR SPDR	$0	–	-46,884	–	-1.18%	–
TFC	Exit	TRUIST	$0	–	-137,915	–	-1.25%	–
D	Exit	DOMINION	$0	–	-68,335	–	-1.29%	–
XLB	Exit	SECTOR SPDR	$0	–	-85,534	–	-1.30%	–
NOW	Exit	SERVICENOW	$0	–	-11,257	–	-1.30%	–
GOOG	Exit	ALPHABET	$0	–	-3,907	–	-1.37%	–
MS	Exit	MORGAN	$0	–	-120,314	–	-1.39%	–
TXN	Exit	TEXAS	$0	–	-41,393	–	-1.41%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-79,371	–	-1.46%	–
UNP	Exit	UNION	$0	–	-31,425	–	-1.48%	–
HON	Exit	HONEYWELL	$0	–	-37,694	–	-1.48%	–
QQQ	Exit	INVESCOmutual funds -	$0	–	-23,747	–	-1.58%	–
BMY	Exit	BRISTOL	$0	–	-113,384	–	-1.63%	–
MMM	Exit	3M	$0	–	-42,721	–	-1.63%	–
ADBE	Exit	ADOBE	$0	–	-14,336	–	-1.68%	–
XLRE	Exit	SECTOR SPDR	$0	–	-200,467	–	-1.69%	–
CRM	Exit	SALESFORCE.COM	$0	–	-28,277	–	-1.70%	–
MDT	Exit	MEDTRONICforeign stock	$0	–	-69,373	–	-1.72%	–
AAPL	Exit	APPLE	$0	–	-64,145	–	-1.77%	–
VZ	Exit	VERIZON	$0	–	-127,118	–	-1.81%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-90,316	–	-1.85%	–
CMCSA	Exit	COMCAST	$0	–	-170,554	–	-1.88%	–
V	Exit	VISA	$0	–	-41,445	–	-1.98%	–
DIS	Exit	WALT	$0	–	-70,858	–	-2.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-44,248	–	-2.32%	–
MRK	Exit	MERCK	$0	–	-118,423	–	-2.35%	–
PEP	Exit	PEPSICO	$0	–	-78,144	–	-2.59%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-386,734	–	-2.67%	–
AMZN	Exit	AMAZON.COM	$0	–	-3,898	–	-2.93%	–
JNJ	Exit	JOHNSON	$0	–	-91,312	–	-3.25%	–
PG	Exit	PROCTER	$0	–	-108,827	–	-3.61%	–
XLK	Exit	SECTOR SPDR	$0	–	-138,375	–	-3.86%	–
MSFT	Exit	MICROSOFT	$0	–	-94,658	–	-4.75%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT	$19,909,000	-2.9%	94,658	-6.0%	4.75%	-11.2%
XLK	Sell	SECTOR SPDR	$16,148,000	+11.2%	138,375	-0.4%	3.86%	+1.6%
PG	Buy	PROCTER	$15,126,000	+16.3%	108,827	+0.0%	3.61%	+6.3%
JNJ	Sell	JOHNSON	$13,594,000	+4.5%	91,312	-1.3%	3.25%	-4.5%
AMZN	Sell	AMAZON.COM	$12,274,000	+11.3%	3,898	-2.5%	2.93%	+1.7%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$11,165,000	-3.7%	386,734	-9.0%	2.67%	-12.0%
PEP	Buy	PEPSICO	$10,831,000	+5.1%	78,144	+0.3%	2.59%	-3.9%
MRK	Buy	MERCK	$9,823,000	+12.9%	118,423	+5.3%	2.35%	+3.2%
MCD	Sell	MCDONALDS CORP	$9,712,000	+18.5%	44,248	-0.4%	2.32%	+8.3%
DIS	Sell	WALT	$8,792,000	+7.5%	70,858	-3.4%	2.10%	-1.7%
V	Buy	VISA	$8,288,000	+10.2%	41,445	+6.4%	1.98%	+0.7%
CMCSA	Buy	COMCAST	$7,890,000	+40.1%	170,554	+18.0%	1.88%	+28.1%
SBUX	Buy	STARBUCKS CORP	$7,760,000	+65.6%	90,316	+41.8%	1.85%	+51.4%
VZ	Buy	VERIZON	$7,562,000	+14.7%	127,118	+6.3%	1.81%	+4.9%
AAPL	Buy	APPLE	$7,429,000	-34.5%	64,145	+106.4%	1.77%	-40.1%
MDT	Buy	MEDTRONICforeign stock	$7,209,000	+13.8%	69,373	+0.4%	1.72%	+4.0%
CRM	Buy	SALESFORCE.COM	$7,107,000	+46.7%	28,277	+9.4%	1.70%	+34.0%
XLRE	Sell	SECTOR SPDR	$7,071,000	-2.8%	200,467	-4.0%	1.69%	-11.2%
ADBE	Sell	ADOBE	$7,031,000	-30.6%	14,336	-38.4%	1.68%	-36.5%
MMM	Buy	3M	$6,843,000	+48.9%	42,721	+45.0%	1.63%	+36.1%
BMY	Buy	BRISTOL	$6,836,000	+21.6%	113,384	+18.6%	1.63%	+11.2%
QQQ	Sell	INVESCOmutual funds -	$6,598,000	+6.7%	23,747	-4.9%	1.58%	-2.5%
HON	Buy	HONEYWELL	$6,204,000	+34.6%	37,694	+18.3%	1.48%	+23.0%
UNP	Buy	UNION	$6,187,000	+28.9%	31,425	+10.7%	1.48%	+17.8%
CL	Buy	COLGATE PALMOLIVE	$6,123,000	+26.2%	79,371	+19.8%	1.46%	+15.3%
TXN	Buy	TEXAS	$5,910,000	+25.1%	41,393	+11.3%	1.41%	+14.3%
MS	Buy	MORGAN	$5,817,000	+45.9%	120,314	+45.8%	1.39%	+33.4%
GOOG	Buy	ALPHABET	$5,742,000	+4.7%	3,907	+0.7%	1.37%	-4.3%
NOW	Buy	SERVICENOW	$5,460,000	+24.4%	11,257	+3.9%	1.30%	+13.7%
XLB	Buy	SECTOR SPDR	$5,443,000	+71.5%	85,534	+51.8%	1.30%	+56.8%
D	Sell	DOMINION	$5,394,000	-7.7%	68,335	-5.0%	1.29%	-15.6%
TFC	Buy	TRUIST	$5,248,000	+38.5%	137,915	+36.7%	1.25%	+26.6%
XLV	Buy	SECTOR SPDR	$4,945,000	+9.6%	46,884	+4.0%	1.18%	+0.2%
GS	Buy	GOLDMAN	$4,825,000	+674.5%	24,009	+661.7%	1.15%	+606.7%
UNH	Buy	UNITEDHEALTH	$4,801,000	+69.4%	15,400	+60.3%	1.15%	+54.9%
GLW	Buy	CORNING	$4,748,000	+30.1%	146,488	+3.9%	1.13%	+18.9%
JCI	Buy	JOHNSONforeign stock	$4,640,000	+498.7%	113,585	+400.5%	1.11%	+448.5%
XSD	Buy	SPDR	$4,492,000	+28.1%	35,733	+14.0%	1.07%	+17.0%
DUK	Sell	DUKE	$4,171,000	+7.8%	47,104	-2.8%	1.00%	-1.5%
ZBH	Buy	ZIMMER	$4,113,000	+27.6%	30,215	+11.9%	0.98%	+16.6%
JPM	Sell	JPMORGAN	$4,034,000	-53.3%	41,903	-54.4%	0.96%	-57.3%
WMT	Sell	WAL-MART	$3,968,000	+13.4%	28,363	-2.9%	0.95%	+3.7%
AMAT	New	APPLIED	$3,960,000	–	66,620	–	0.95%	–
NVO	Buy	NOVOforeign stock	$3,953,000	+29.8%	56,936	+22.5%	0.94%	+18.6%
ROK	Buy	ROCKWELL AUTOMATION INC	$3,947,000	+16.5%	17,888	+12.5%	0.94%	+6.4%
NKE	Buy	NIKE INC CL B	$3,888,000	+50.8%	30,969	+17.7%	0.93%	+37.7%
HD	Sell	HOME	$3,535,000	+7.7%	12,727	-2.8%	0.84%	-1.5%
PFE	Sell	PFIZER	$3,459,000	+10.8%	94,260	-1.3%	0.83%	+1.2%
XLF	Buy	SECTOR SPDR	$3,199,000	+18.0%	132,889	+13.4%	0.76%	+7.9%
KO	Sell	COCA-COLA	$3,134,000	-24.4%	63,489	-31.6%	0.75%	-30.9%
ABT	Sell	ABBOTT	$3,061,000	+18.2%	28,128	-0.7%	0.73%	+8.1%
INTC	Sell	INTEL	$2,983,000	-19.9%	57,610	-7.5%	0.71%	-26.8%
XLE	Buy	SECTOR SPDR	$2,932,000	+158.1%	97,907	+226.3%	0.70%	+135.7%
XLU	Sell	SECTOR SPDR	$2,800,000	+4.3%	47,161	-0.9%	0.67%	-4.7%
XLY	Buy	SECTOR SPDR	$2,774,000	+34.8%	18,872	+17.1%	0.66%	+23.0%
CNI	Sell	CANADIANforeign stock	$2,731,000	+18.9%	25,657	-1.1%	0.65%	+8.7%
IWM	Sell	ISHARESmutual funds -	$2,522,000	+3.8%	16,842	-0.8%	0.60%	-5.2%
AMGN	Sell	AMGEN	$2,474,000	+7.7%	9,733	-0.1%	0.59%	-1.5%
SPMD	Sell	SPDRmutual funds -	$2,439,000	-11.3%	74,741	-15.1%	0.58%	-18.9%
IVV	Sell	ISHARESmutual funds -	$2,431,000	+1.2%	7,234	-6.8%	0.58%	-7.6%
ENB	Buy	ENBRIDGEforeign stock	$2,425,000	+66.3%	83,054	+73.3%	0.58%	+52.0%
IWD	Sell	ISHARESmutual funds -	$2,300,000	+4.1%	19,473	-0.7%	0.55%	-4.9%
IWO	Buy	ISHARESmutual funds -	$2,282,000	+10.1%	10,302	+2.8%	0.54%	+0.7%
GSK	Sell	GLAXOSMITHKLINEforeign stock	$2,192,000	-34.0%	58,234	-28.5%	0.52%	-39.7%
CVX	Sell	CHEVRON	$1,943,000	-54.3%	26,997	-43.4%	0.46%	-58.3%
BRKB	Sell	BERKSHIRE	$1,901,000	-24.6%	8,930	-36.7%	0.45%	-31.0%
AXP	Sell	AMERICAN	$1,660,000	-53.9%	16,556	-56.2%	0.40%	-57.9%
XLI	Buy	SECTOR SPDR	$1,547,000	+43.1%	20,093	+27.6%	0.37%	+30.9%
EFA	Buy	ISHARESmutual funds -	$1,463,000	+8.6%	22,983	+3.9%	0.35%	-0.9%
RTX	Sell	RAYTHEON	$1,420,000	-19.6%	24,682	-13.9%	0.34%	-26.5%
XLC	New	SECTOR SPDR	$1,338,000	–	22,522	–	0.32%	–
SO	Sell	SOUTHERN COMPANY	$1,243,000	+0.9%	22,926	-3.5%	0.30%	-7.8%
XLP	Buy	SECTOR SPDR	$1,193,000	+159.3%	18,609	+137.2%	0.28%	+137.5%
TRV	Buy	THE	$1,157,000	+32.1%	10,698	+39.3%	0.28%	+20.5%
BLK	Sell	BLACKROCK	$1,008,000	-13.9%	1,788	-16.9%	0.24%	-21.2%
GOOGL	Sell	ALPHABET	$995,000	-9.9%	679	-12.8%	0.24%	-17.4%
IWF	Sell	ISHARESmutual funds -	$960,000	-32.4%	4,424	-40.2%	0.23%	-38.3%
OTIS	Sell	OTIS	$908,000	-22.5%	14,540	-29.4%	0.22%	-29.1%
XOM	Sell	EXXON	$889,000	-38.7%	25,903	-20.2%	0.21%	-44.1%
LLY	Buy	ELI	$856,000	+73.3%	5,784	+92.4%	0.20%	+58.1%
GD	Sell	GENERAL	$709,000	-10.6%	5,118	-3.7%	0.17%	-18.4%
ORLY	Sell	O'REILLY	$687,000	+8.5%	1,490	-0.7%	0.16%	-0.6%
NEE	Sell	NEXTERA	$634,000	+11.6%	2,285	-3.3%	0.15%	+2.0%
CSCO	Buy	CISCO	$595,000	-6.4%	15,111	+10.7%	0.14%	-14.5%
CARR	Sell	CARRIER	$588,000	-34.7%	19,240	-52.5%	0.14%	-40.4%
IWN	Sell	ISHARESmutual funds -	$582,000	-53.0%	5,854	-53.9%	0.14%	-57.0%
RY	Sell	ROYALforeign stock	$569,000	-40.2%	8,118	-42.1%	0.14%	-45.2%
IBM	Buy	INTERNATIONAL	$465,000	+18.3%	3,822	+17.5%	0.11%	+7.8%
ADP	Buy	AUTOMATIC DATA PROCESSING	$461,000	+18.8%	3,309	+26.8%	0.11%	+8.9%
PSX	Sell	PHILLIPS	$441,000	-79.3%	8,512	-71.2%	0.10%	-81.1%
COST	Sell	COSTCO	$353,000	+13.1%	994	-3.4%	0.08%	+2.4%
TMP	New	TOMPKINS	$324,000	–	5,697	–	0.08%	–
BCE	Sell	BCEforeign stock	$271,000	-79.7%	6,544	-79.5%	0.06%	-81.3%
USB	Buy	US BANCORP	$267,000	+12.2%	7,451	+15.0%	0.06%	+3.2%
IBB	Sell	ISHARES	$238,000	-8.8%	1,756	-8.2%	0.06%	-16.2%
TJX	Sell	TJX	$237,000	+5.8%	4,251	-4.3%	0.06%	-3.4%
IWY	New	ISHARESmutual funds -	$223,000	–	1,839	–	0.05%	–
	Exit	WAYLANDforeign stock	$0	–	-13,263	–	0.00%	–
	Exit	ALTERNATEforeign stock	$0	–	-33,333	–	-0.00%	–
WFC	Exit	WELLS	$0	–	-8,120	–	-0.05%	–
DBEF	Exit	XTRACKERSmutual funds -	$0	–	-20,109	–	-0.16%	–
COF	Exit	CAPITAL	$0	–	-50,158	–	-0.82%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT	$20,499,000	–	100,726	–	5.36%	–
XLK	New	SECTOR SPDR	$14,524,000	–	138,999	–	3.80%	–
PG	New	PROCTER	$13,010,000	–	108,803	–	3.40%	–
JNJ	New	JOHNSON	$13,011,000	–	92,524	–	3.40%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$11,598,000	–	424,822	–	3.03%	–
AAPL	New	APPLE	$11,335,000	–	31,072	–	2.96%	–
AMZN	New	AMAZON.COM INC	$11,030,000	–	3,998	–	2.88%	–
PEP	New	PEPSICO	$10,305,000	–	77,909	–	2.69%	–
ADBE	New	ADOBE	$10,125,000	–	23,258	–	2.64%	–
MRK	New	MERCK	$8,699,000	–	112,479	–	2.27%	–
JPM	New	JPMORGAN	$8,638,000	–	91,842	–	2.26%	–
MCD	New	MCDONALDS CORP	$8,193,000	–	44,411	–	2.14%	–
DIS	New	WALT	$8,177,000	–	73,322	–	2.14%	–
V	New	VISA	$7,522,000	–	38,941	–	1.96%	–
XLRE	New	SECTOR SPDR	$7,271,000	–	208,878	–	1.90%	–
VZ	New	VERIZON	$6,591,000	–	119,555	–	1.72%	–
MDT	New	MEDTRONICforeign stock	$6,334,000	–	69,073	–	1.66%	–
QQQ	New	INVESCOmutual funds -	$6,185,000	–	24,981	–	1.62%	–
D	New	DOMINION	$5,842,000	–	71,964	–	1.53%	–
CMCSA	New	COMCAST	$5,632,000	–	144,493	–	1.47%	–
BMY	New	BRISTOL	$5,620,000	–	95,563	–	1.47%	–
GOOG	New	ALPHABET	$5,485,000	–	3,880	–	1.43%	–
CL	New	COLGATE PALMOLIVE	$4,853,000	–	66,249	–	1.27%	–
CRM	New	SALESFORCE.COM	$4,844,000	–	25,857	–	1.27%	–
UNP	New	UNION	$4,798,000	–	28,377	–	1.25%	–
TXN	New	TEXAS	$4,723,000	–	37,193	–	1.23%	–
SBUX	New	STARBUCKS CORP	$4,685,000	–	63,673	–	1.22%	–
HON	New	HONEYWELL	$4,608,000	–	31,869	–	1.20%	–
MMM	New	3M	$4,595,000	–	29,454	–	1.20%	–
XLV	New	SECTOR SPDR	$4,513,000	–	45,102	–	1.18%	–
NOW	New	SERVICENOW	$4,389,000	–	10,837	–	1.15%	–
CVX	New	CHEVRON	$4,255,000	–	47,689	–	1.11%	–
KO	New	COCA-COLA	$4,147,000	–	92,814	–	1.08%	–
MS	New	MORGAN	$3,986,000	–	82,508	–	1.04%	–
DUK	New	DUKE	$3,870,000	–	48,441	–	1.01%	–
TFC	New	TRUIST	$3,789,000	–	100,898	–	0.99%	–
INTC	New	INTEL	$3,726,000	–	62,285	–	0.97%	–
GLW	New	CORNING	$3,650,000	–	140,947	–	0.95%	–
AXP	New	AMERICAN	$3,597,000	–	37,792	–	0.94%	–
XSD	New	SPDR	$3,508,000	–	31,348	–	0.92%	–
WMT	New	WAL-MART	$3,500,000	–	29,221	–	0.91%	–
ROK	New	ROCKWELL AUTOMATION INC	$3,387,000	–	15,900	–	0.88%	–
GSK	New	GLAXOSMITHKLINEforeign stock	$3,320,000	–	81,392	–	0.87%	–
HD	New	HOME	$3,282,000	–	13,099	–	0.86%	–
ZBH	New	ZIMMER	$3,224,000	–	27,009	–	0.84%	–
XLB	New	SECTOR SPDR	$3,174,000	–	56,330	–	0.83%	–
COF	New	CAPITAL	$3,139,000	–	50,158	–	0.82%	–
PFE	New	PFIZER	$3,123,000	–	95,484	–	0.82%	–
NVO	New	NOVOforeign stock	$3,045,000	–	46,490	–	0.80%	–
UNH	New	UNITEDHEALTH	$2,834,000	–	9,609	–	0.74%	–
SPMD	New	SPDRmutual funds -	$2,750,000	–	87,990	–	0.72%	–
XLF	New	SECTOR SPDR	$2,711,000	–	117,177	–	0.71%	–
XLU	New	SECTOR SPDR	$2,685,000	–	47,585	–	0.70%	–
ABT	New	ABBOTT	$2,589,000	–	28,316	–	0.68%	–
NKE	New	NIKE INC CL B	$2,579,000	–	26,301	–	0.67%	–
BRKB	New	BERKSHIRE	$2,520,000	–	14,114	–	0.66%	–
IWM	New	ISHARESmutual funds -	$2,430,000	–	16,974	–	0.64%	–
IVV	New	ISHARESmutual funds -	$2,403,000	–	7,761	–	0.63%	–
CNI	New	CANADIANforeign stock	$2,297,000	–	25,932	–	0.60%	–
AMGN	New	AMGEN	$2,298,000	–	9,743	–	0.60%	–
EMR	New	EMERSON	$2,212,000	–	35,654	–	0.58%	–
IWD	New	ISHARESmutual funds -	$2,209,000	–	19,620	–	0.58%	–
PSX	New	PHILLIPS	$2,127,000	–	29,580	–	0.56%	–
IWO	New	ISHARESmutual funds -	$2,072,000	–	10,018	–	0.54%	–
XLY	New	SECTOR SPDR	$2,058,000	–	16,120	–	0.54%	–
RTX	New	RAYTHEON	$1,766,000	–	28,662	–	0.46%	–
ENB	New	ENBRIDGEforeign stock	$1,458,000	–	47,920	–	0.38%	–
XOM	New	EXXON	$1,451,000	–	32,452	–	0.38%	–
IWF	New	ISHARESmutual funds -	$1,420,000	–	7,394	–	0.37%	–
EFA	New	ISHARESmutual funds -	$1,347,000	–	22,122	–	0.35%	–
BCE	New	BCEforeign stock	$1,333,000	–	31,912	–	0.35%	–
IWN	New	ISHARESmutual funds -	$1,237,000	–	12,685	–	0.32%	–
SO	New	SOUTHERN COMPANY	$1,232,000	–	23,760	–	0.32%	–
BLK	New	BLACKROCK	$1,171,000	–	2,152	–	0.31%	–
OTIS	New	OTIS	$1,171,000	–	20,601	–	0.31%	–
XLE	New	SECTOR SPDR	$1,136,000	–	30,001	–	0.30%	–
GOOGL	New	ALPHABET	$1,104,000	–	779	–	0.29%	–
XLI	New	SECTOR SPDR	$1,081,000	–	15,742	–	0.28%	–
RY	New	ROYALforeign stock	$951,000	–	14,023	–	0.25%	–
CARR	New	CARRIER	$900,000	–	40,481	–	0.24%	–
TRV	New	THE	$876,000	–	7,678	–	0.23%	–
GD	New	GENERAL	$793,000	–	5,312	–	0.21%	–
JCI	New	JOHNSONforeign stock	$775,000	–	22,694	–	0.20%	–
PAYX	New	PAYCHEX INC	$661,000	–	8,727	–	0.17%	–
CSCO	New	CISCO	$636,000	–	13,646	–	0.17%	–
ORLY	New	O'REILLY	$633,000	–	1,500	–	0.16%	–
GS	New	GOLDMAN	$623,000	–	3,152	–	0.16%	–
DBEF	New	XTRACKERSmutual funds -	$607,000	–	20,109	–	0.16%	–
DGX	New	QUEST	$570,000	–	5,000	–	0.15%	–
NEE	New	NEXTERA	$568,000	–	2,364	–	0.15%	–
ABBV	New	ABBVIE	$552,000	–	5,616	–	0.14%	–
LLY	New	ELI	$494,000	–	3,007	–	0.13%	–
DE	New	DEERE & CO	$469,000	–	2,984	–	0.12%	–
XLP	New	SECTOR SPDR	$460,000	–	7,844	–	0.12%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$416,000	–	2,506	–	0.11%	–
T	New	AT&T	$402,000	–	13,284	–	0.10%	–
IBM	New	INTERNATIONAL	$393,000	–	3,254	–	0.10%	–
ADP	New	AUTOMATIC DATA PROCESSING	$388,000	–	2,609	–	0.10%	–
GLD	New	SPDRmutual funds -	$335,000	–	2,000	–	0.09%	–
VGT	New	VANGUARD	$316,000	–	1,133	–	0.08%	–
COST	New	COSTCO	$312,000	–	1,029	–	0.08%	–
SDY	New	SPDRmutual funds -	$307,000	–	3,370	–	0.08%	–
COP	New	CONOCOPHILLIPS	$302,000	–	7,186	–	0.08%	–
DHR	New	DANAHER	$297,000	–	1,682	–	0.08%	–
IBB	New	ISHARES	$261,000	–	1,912	–	0.07%	–
VYM	New	VANGUARDmutual funds -	$241,000	–	3,061	–	0.06%	–
USB	New	US BANCORP	$238,000	–	6,477	–	0.06%	–
TJX	New	TJX	$224,000	–	4,440	–	0.06%	–
IDV	New	ISHARESmutual funds -	$205,000	–	8,180	–	0.05%	–
WFC	New	WELLS	$208,000	–	8,120	–	0.05%	–
SPY	New	STANDARD & POORSmutual funds -	$203,000	–	656	–	0.05%	–
GE	New	GENERAL	$89,000	–	13,013	–	0.02%	–
	New	ALTERNATEforeign stock	$3,000	–	33,333	–	0.00%	–
	New	WAYLANDforeign stock	$0	–	13,263	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
GE	Exit	GENERAL	$0	–	-12,061	–	-0.03%	–
IBB	Exit	ISHARES	$0	–	-2,014	–	-0.05%	–
DHR	Exit	DANAHER	$0	–	-1,605	–	-0.06%	–
VGT	Exit	VANGUARD	$0	–	-1,133	–	-0.06%	–
IDV	Exit	ISHARESmutual funds -	$0	–	-8,123	–	-0.06%	–
TJX	Exit	TJX	$0	–	-4,572	–	-0.06%	–
NVO	Exit	NOVOforeign stock	$0	–	-5,000	–	-0.06%	–
VYM	Exit	VANGUARDmutual funds -	$0	–	-3,061	–	-0.07%	–
GLD	Exit	SPDRmutual funds -	$0	–	-2,043	–	-0.07%	–
SYY	Exit	SYSCO	$0	–	-3,605	–	-0.07%	–
AGN	Exit	ALLERGANforeign stock	$0	–	-1,823	–	-0.08%	–
VWO	Exit	VANGUARDmutual funds -	$0	–	-7,733	–	-0.08%	–
SPY	Exit	STANDARD & POORSmutual funds -	$0	–	-1,064	–	-0.08%	–
COST	Exit	COSTCO	$0	–	-1,141	–	-0.08%	–
NOW	Exit	SERVICENOW	$0	–	-1,315	–	-0.08%	–
ABBV	Exit	ABBVIE	$0	–	-4,438	–	-0.08%	–
LLY	Exit	ELI	$0	–	-3,025	–	-0.08%	–
SDY	Exit	SPDRmutual funds -	$0	–	-3,370	–	-0.08%	–
USB	Exit	US BANCORP	$0	–	-6,498	–	-0.09%	–
WBA	Exit	WALGREENS	$0	–	-7,671	–	-0.10%	–
DD	Exit	DUPONT	$0	–	-6,080	–	-0.10%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-2,684	–	-0.11%	–
XLP	Exit	SECTOR SPDR	$0	–	-7,921	–	-0.12%	–
TIP	Exit	ISHARESmutual funds -	$0	–	-4,200	–	-0.12%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-8,762	–	-0.12%	–
MLM	Exit	MARTIN	$0	–	-1,872	–	-0.12%	–
GOOGL	Exit	ALPHABET	$0	–	-426	–	-0.13%	–
DGX	Exit	QUEST	$0	–	-5,000	–	-0.13%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-3,313	–	-0.13%	–
DE	Exit	DEERE & CO	$0	–	-3,297	–	-0.14%	–
WFC	Exit	WELLS	$0	–	-11,246	–	-0.14%	–
NEE	Exit	NEXTERA	$0	–	-2,599	–	-0.15%	–
XSD	Exit	SPDR	$0	–	-6,758	–	-0.15%	–
IBM	Exit	INTERNATIONAL	$0	–	-4,271	–	-0.15%	–
T	Exit	AT&T	$0	–	-17,145	–	-0.16%	–
BLK	Exit	BLACKROCK	$0	–	-1,485	–	-0.16%	–
XLE	Exit	SECTOR SPDR	$0	–	-11,503	–	-0.17%	–
ORLY	Exit	O'REILLY	$0	–	-1,985	–	-0.19%	–
BBT	Exit	BB&T	$0	–	-14,909	–	-0.19%	–
ZBH	Exit	ZIMMER	$0	–	-5,873	–	-0.20%	–
CB	Exit	CHUBBforeign stock	$0	–	-5,003	–	-0.20%	–
PAYX	Exit	PAYCHEX INC	$0	–	-10,366	–	-0.21%	–
GD	Exit	GENERAL	$0	–	-4,747	–	-0.21%	–
IWM	Exit	ISHARESmutual funds -	$0	–	-5,844	–	-0.22%	–
BKNG	Exit	BOOKING	$0	–	-565	–	-0.27%	–
XLI	Exit	SECTOR SPDR	$0	–	-14,338	–	-0.27%	–
CRM	Exit	SALESFORCE.COM	$0	–	-7,832	–	-0.28%	–
MMM	Exit	3M CO	$0	–	-7,817	–	-0.31%	–
UPS	Exit	UNITED	$0	–	-10,842	–	-0.32%	–
CSCO	Exit	CISCO	$0	–	-27,235	–	-0.33%	–
ENB	Exit	ENBRIDGEforeign stock	$0	–	-39,603	–	-0.34%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-14,034	–	-0.41%	–
IWD	Exit	ISHARESmutual funds -	$0	–	-13,992	–	-0.44%	–
XLY	Exit	SECTOR SPDR	$0	–	-14,993	–	-0.44%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-6,124	–	-0.44%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-9,758	–	-0.46%	–
AMGN	Exit	AMGEN	$0	–	-10,254	–	-0.48%	–
COF	Exit	CAPITAL	$0	–	-22,205	–	-0.49%	–
DBEF	Exit	XTRACKERSmutual funds -	$0	–	-62,712	–	-0.49%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-36,570	–	-0.55%	–
CNI	Exit	CANADIANforeign stock	$0	–	-26,457	–	-0.58%	–
UNP	Exit	UNION	$0	–	-14,954	–	-0.59%	–
ABT	Exit	ABBOTT	$0	–	-30,114	–	-0.61%	–
TXN	Exit	TEXAS	$0	–	-19,706	–	-0.62%	–
XLV	Exit	SECTOR SPDR	$0	–	-32,642	–	-0.72%	–
BUD	Exit	ANHEUSER-BUSCHforeign stock	$0	–	-31,170	–	-0.72%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-89,991	–	-0.74%	–
BA	Exit	BOEING	$0	–	-8,064	–	-0.75%	–
HD	Exit	HOME	$0	–	-13,755	–	-0.78%	–
QQQ	Exit	INVESCOmutual funds -	$0	–	-17,197	–	-0.79%	–
GS	Exit	GOLDMAN	$0	–	-16,504	–	-0.83%	–
HON	Exit	HONEYWELL	$0	–	-20,315	–	-0.84%	–
GOOG	Exit	ALPHABET	$0	–	-3,061	–	-0.91%	–
PFE	Exit	PFIZER	$0	–	-113,058	–	-0.99%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,372	–	-1.00%	–
CVX	Exit	CHEVRON	$0	–	-34,859	–	-1.01%	–
XLF	Exit	SECTOR SPDR	$0	–	-149,538	–	-1.02%	–
BRKB	Exit	BERKSHIRE	$0	–	-20,707	–	-1.05%	–
BMY	Exit	BRISTOL	$0	–	-86,231	–	-1.06%	–
DUK	Exit	DUKE	$0	–	-46,254	–	-1.08%	–
TRV	Exit	THE	$0	–	-30,541	–	-1.11%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-63,091	–	-1.13%	–
XOM	Exit	EXXON	$0	–	-66,861	–	-1.15%	–
PSX	Exit	PHILLIPS	$0	–	-47,861	–	-1.19%	–
D	Exit	DOMINION	$0	–	-62,070	–	-1.22%	–
EFA	Exit	ISHARESmutual funds -	$0	–	-77,956	–	-1.24%	–
XLU	Exit	SECTOR SPDR	$0	–	-81,509	–	-1.28%	–
INTC	Exit	INTEL	$0	–	-103,368	–	-1.30%	–
WMT	Exit	WAL-MART	$0	–	-45,121	–	-1.30%	–
EMR	Exit	EMERSON	$0	–	-80,849	–	-1.32%	–
AXP	Exit	AMERICAN	$0	–	-48,894	–	-1.41%	–
CMCSA	Exit	COMCAST	$0	–	-137,650	–	-1.51%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-70,609	–	-1.52%	–
GLW	Exit	CORNING	$0	–	-221,256	–	-1.54%	–
BCE	Exit	BCEforeign stock	$0	–	-137,888	–	-1.62%	–
ADBE	Exit	ADOBE	$0	–	-25,636	–	-1.72%	–
JCI	Exit	JOHNSONforeign stock	$0	–	-163,302	–	-1.74%	–
VZ	Exit	VERIZON	$0	–	-120,526	–	-1.77%	–
JPM	Exit	JPMORGAN	$0	–	-66,077	–	-1.89%	–
UTX	Exit	UNITED	$0	–	-56,967	–	-1.89%	–
MDT	Exit	MEDTRONICforeign stock	$0	–	-72,432	–	-1.92%	–
GSK	Exit	GLAXOSMITHKLINEforeign stock	$0	–	-185,429	–	-1.93%	–
AAPL	Exit	APPLE	$0	–	-37,566	–	-2.05%	–
DIS	Exit	WALT	$0	–	-67,862	–	-2.15%	–
MRK	Exit	MERCK	$0	–	-106,779	–	-2.19%	–
V	Exit	VISA	$0	–	-53,484	–	-2.24%	–
KO	Exit	COCA-COLA	$0	–	-183,303	–	-2.43%	–
XLRE	Exit	SECTOR SPDR	$0	–	-267,978	–	-2.57%	–
MCD	Exit	MCDONALDS CORP	$0	–	-52,352	–	-2.74%	–
PEP	Exit	PEPSICO	$0	–	-90,658	–	-3.03%	–
JNJ	Exit	JOHNSON	$0	–	-100,641	–	-3.17%	–
PG	Exit	PROCTER	$0	–	-130,162	–	-3.94%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-401,162	–	-4.10%	–
XLK	Exit	SECTOR SPDR	$0	–	-211,290	–	-4.14%	–
MSFT	Exit	MICROSOFT	$0	–	-130,744	–	-4.42%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT	$18,178,000	-8.6%	130,744	-11.9%	4.42%	-4.3%
XLK	Buy	SECTOR SPDR	$17,015,000	+29.9%	211,290	+25.9%	4.14%	+36.0%
CHMG	Buy	CHEMUNG FINANCIAL CORP	$16,849,000	-12.9%	401,162	+0.3%	4.10%	-8.8%
PG	Sell	PROCTER	$16,189,000	+11.3%	130,162	-1.9%	3.94%	+16.5%
JNJ	Sell	JOHNSON	$13,021,000	-14.4%	100,641	-7.9%	3.17%	-10.4%
PEP	Sell	PEPSICO	$12,429,000	+0.0%	90,658	-4.3%	3.03%	+4.8%
MCD	Buy	MCDONALDS CORP	$11,240,000	+3.5%	52,352	+0.1%	2.74%	+8.4%
XLRE	Buy	SECTOR SPDR	$10,542,000	+28.0%	267,978	+19.7%	2.57%	+34.1%
KO	Sell	COCA-COLA	$9,979,000	+2.5%	183,303	-4.1%	2.43%	+7.3%
V	Sell	VISA	$9,200,000	-14.9%	53,484	-14.1%	2.24%	-10.9%
MRK	Buy	MERCK	$8,988,000	+5.9%	106,779	+5.5%	2.19%	+10.9%
DIS	Sell	WALT	$8,843,000	-15.4%	67,862	-9.3%	2.15%	-11.4%
AAPL	Buy	APPLE	$8,414,000	+52.0%	37,566	+34.4%	2.05%	+59.1%
GSK	Buy	GLAXOSMITHKLINEforeign stock	$7,914,000	+8.2%	185,429	+1.5%	1.93%	+13.4%
MDT	Buy	MEDTRONICforeign stock	$7,868,000	+23.9%	72,432	+11.1%	1.92%	+29.7%
UTX	Sell	UNITED	$7,777,000	-9.8%	56,967	-13.9%	1.89%	-5.5%
JPM	Buy	JPMORGAN	$7,777,000	+20.6%	66,077	+14.6%	1.89%	+26.3%
VZ	Sell	VERIZON	$7,275,000	-6.9%	120,526	-11.9%	1.77%	-2.5%
JCI	Buy	JOHNSONforeign stock	$7,167,000	+108.5%	163,302	+96.3%	1.74%	+118.4%
ADBE	Sell	ADOBE	$7,082,000	-25.0%	25,636	-20.0%	1.72%	-21.5%
BCE	Buy	BCEforeign stock	$6,675,000	+15.0%	137,888	+8.1%	1.62%	+20.5%
GLW	Sell	CORNING	$6,311,000	-15.1%	221,256	-1.1%	1.54%	-11.2%
SBUX	Buy	STARBUCKS CORP	$6,243,000	+6.2%	70,609	+0.7%	1.52%	+11.2%
CMCSA	Sell	COMCAST	$6,205,000	+2.5%	137,650	-3.9%	1.51%	+7.3%
AXP	Sell	AMERICAN	$5,783,000	-7.8%	48,894	-3.7%	1.41%	-3.4%
EMR	Sell	EMERSON	$5,406,000	-28.7%	80,849	-28.9%	1.32%	-25.4%
WMT	Buy	WAL-MART	$5,355,000	+10.1%	45,121	+2.5%	1.30%	+15.3%
INTC	Sell	INTEL	$5,326,000	-44.8%	103,368	-48.7%	1.30%	-42.2%
XLU	Buy	SECTOR SPDR	$5,276,000	+26.8%	81,509	+16.8%	1.28%	+32.6%
EFA	Sell	ISHARESmutual funds -	$5,084,000	-13.7%	77,956	-13.0%	1.24%	-9.6%
D	Sell	DOMINION	$5,030,000	-3.8%	62,070	-8.2%	1.22%	+0.8%
PSX	Buy	PHILLIPS	$4,901,000	+792.7%	47,861	+715.9%	1.19%	+832.0%
XOM	Sell	EXXON	$4,721,000	-26.2%	66,861	-20.0%	1.15%	-22.8%
CL	Buy	COLGATE PALMOLIVE	$4,637,000	+37.9%	63,091	+34.5%	1.13%	+44.4%
TRV	Buy	THE	$4,542,000	+1.4%	30,541	+1.9%	1.11%	+6.1%
DUK	Sell	DUKE	$4,434,000	-6.5%	46,254	-13.9%	1.08%	-2.1%
BMY	Buy	BRISTOL	$4,372,000	+143.8%	86,231	+118.2%	1.06%	+155.2%
BRKB	Sell	BERKSHIRE	$4,307,000	-35.6%	20,707	-34.0%	1.05%	-32.6%
XLF	Sell	SECTOR SPDR	$4,187,000	-0.7%	149,538	-2.1%	1.02%	+3.9%
CVX	Sell	CHEVRON	$4,134,000	-19.3%	34,859	-15.3%	1.01%	-15.5%
AMZN	Sell	AMAZON.COM INC	$4,117,000	-29.5%	2,372	-23.1%	1.00%	-26.2%
PFE	Sell	PFIZER	$4,062,000	-49.3%	113,058	-38.8%	0.99%	-46.9%
GOOG	Sell	ALPHABET	$3,731,000	-23.5%	3,061	-32.2%	0.91%	-19.9%
HON	Buy	HONEYWELL	$3,437,000	+171.7%	20,315	+180.4%	0.84%	+184.7%
GS	Buy	GOLDMAN	$3,420,000	+3.9%	16,504	+2.6%	0.83%	+8.9%
QQQ	Sell	INVESCOmutual funds -	$3,247,000	-4.6%	17,197	-5.6%	0.79%	-0.1%
HD	Sell	HOME	$3,192,000	+5.1%	13,755	-5.8%	0.78%	+10.1%
BA	Sell	BOEING	$3,068,000	-4.4%	8,064	-8.5%	0.75%	+0.1%
BUD	Sell	ANHEUSER-BUSCHforeign stock	$2,966,000	+3.4%	31,170	-3.8%	0.72%	+8.2%
XLV	Buy	SECTOR SPDR	$2,942,000	+4.6%	32,642	+7.5%	0.72%	+9.5%
TXN	Buy	TEXAS	$2,547,000	+303.0%	19,706	+257.5%	0.62%	+321.8%
ABT	Sell	ABBOTT	$2,520,000	-1.0%	30,114	-0.5%	0.61%	+3.5%
UNP	Sell	UNION	$2,423,000	-62.4%	14,954	-60.7%	0.59%	-60.6%
CNI	Sell	CANADIANforeign stock	$2,377,000	-3.3%	26,457	-0.5%	0.58%	+1.4%
SO	Sell	SOUTHERN COMPANY	$2,259,000	+7.2%	36,570	-4.0%	0.55%	+12.2%
DBEF	Sell	XTRACKERSmutual funds -	$2,029,000	-39.5%	62,712	-40.9%	0.49%	-36.7%
COF	Sell	CAPITAL	$2,020,000	-11.7%	22,205	-11.9%	0.49%	-7.5%
AMGN	Sell	AMGEN	$1,984,000	+0.7%	10,254	-4.1%	0.48%	+5.5%
IWO	Sell	ISHARESmutual funds -	$1,881,000	-4.2%	9,758	-0.2%	0.46%	+0.2%
IVV	Buy	ISHARESmutual funds -	$1,828,000	+30.0%	6,124	+28.4%	0.44%	+36.1%
XLY	Sell	SECTOR SPDR	$1,810,000	-4.9%	14,993	-6.1%	0.44%	-0.5%
IWD	Sell	ISHARESmutual funds -	$1,795,000	-9.8%	13,992	-10.5%	0.44%	-5.6%
IWN	Buy	ISHARESmutual funds -	$1,676,000	-0.6%	14,034	+0.4%	0.41%	+4.1%
ENB	Sell	ENBRIDGEforeign stock	$1,390,000	-82.3%	39,603	-81.8%	0.34%	-81.5%
CSCO	Sell	CISCO	$1,345,000	-15.7%	27,235	-6.6%	0.33%	-11.9%
UPS	New	UNITED	$1,299,000	–	10,842	–	0.32%	–
MMM	Sell	3M CO	$1,285,000	-7.0%	7,817	-1.9%	0.31%	-2.5%
CRM	Sell	SALESFORCE.COM	$1,162,000	-82.6%	7,832	-82.2%	0.28%	-81.8%
XLI	Sell	SECTOR SPDR	$1,113,000	-2.1%	14,338	-2.3%	0.27%	+2.7%
BKNG	New	BOOKING	$1,109,000	–	565	–	0.27%	–
IWM	Sell	ISHARESmutual funds -	$885,000	-28.2%	5,844	-26.2%	0.22%	-24.8%
GD	New	GENERAL	$868,000	–	4,747	–	0.21%	–
PAYX	Sell	PAYCHEX INC	$858,000	-15.0%	10,366	-15.5%	0.21%	-11.1%
ZBH	Buy	ZIMMER	$806,000	+116.1%	5,873	+85.1%	0.20%	+125.3%
BBT	Sell	BB&T	$796,000	+2.3%	14,909	-5.9%	0.19%	+7.2%
ORLY	Sell	O'REILLY	$791,000	-35.1%	1,985	-39.9%	0.19%	-31.8%
XLE	Sell	SECTOR SPDR	$681,000	-46.0%	11,503	-42.0%	0.17%	-43.3%
BLK	Sell	BLACKROCK	$661,000	-68.3%	1,485	-66.6%	0.16%	-66.8%
T	Buy	AT&T	$649,000	+16.9%	17,145	+3.5%	0.16%	+22.5%
IBM	Sell	INTERNATIONAL	$621,000	-8.8%	4,271	-13.6%	0.15%	-4.4%
XSD	New	SPDR	$607,000	–	6,758	–	0.15%	–
NEE	Sell	NEXTERA	$606,000	+13.7%	2,599	-0.1%	0.15%	+19.4%
WFC	Sell	WELLS	$568,000	-7.0%	11,246	-12.8%	0.14%	-2.8%
DE	Sell	DEERE & CO	$556,000	-76.6%	3,297	-77.0%	0.14%	-75.6%
ADP	Sell	AUTOMATIC DATA PROCESSING	$535,000	-41.8%	3,313	-40.4%	0.13%	-39.3%
GOOGL	Sell	ALPHABET	$521,000	-1.9%	426	-13.2%	0.13%	+3.3%
MLM	New	MARTIN	$513,000	–	1,872	–	0.12%	–
TIP	Sell	ISHARESmutual funds -	$488,000	-9.0%	4,200	-9.6%	0.12%	-4.8%
XLP	Buy	SECTOR SPDR	$486,000	+75.5%	7,921	+66.1%	0.12%	+84.4%
DD	Sell	DUPONT	$433,000	-30.4%	6,080	-26.6%	0.10%	-27.6%
USB	Buy	US BANCORP	$360,000	+14.6%	6,498	+8.3%	0.09%	+20.5%
ABBV	Sell	ABBVIE	$336,000	-34.4%	4,438	-37.0%	0.08%	-31.1%
LLY	Sell	ELI	$338,000	-5.6%	3,025	-6.2%	0.08%	-1.2%
NOW	New	SERVICENOW	$334,000	–	1,315	–	0.08%	–
COST	Buy	COSTCO	$328,000	+15.1%	1,141	+5.6%	0.08%	+21.2%
VWO	Sell	VANGUARDmutual funds -	$311,000	-59.5%	7,733	-57.1%	0.08%	-57.3%
SYY	Sell	SYSCO	$286,000	+6.3%	3,605	-5.3%	0.07%	+11.1%
GLD	Buy	SPDRmutual funds -	$284,000	+6.8%	2,043	+2.2%	0.07%	+11.3%
TJX	Buy	TJX	$255,000	+9.0%	4,572	+3.4%	0.06%	+14.8%
IDV	Buy	ISHARESmutual funds -	$250,000	+15.7%	8,123	+15.4%	0.06%	+22.0%
DHR	Sell	DANAHER	$232,000	-0.4%	1,605	-1.8%	0.06%	+3.7%
NSC	Exit	NORFOLK	$0	–	-1,087	–	-0.05%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-6,041	–	-0.05%	–
CTVA	Exit	CORTEVA	$0	–	-8,076	–	-0.06%	–
DOW	Exit	DOW	$0	–	-7,341	–	-0.08%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT	$19,879,000	–	148,392	–	4.62%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$19,341,000	–	400,093	–	4.50%	–
JNJ	New	JOHNSON	$15,216,000	–	109,247	–	3.54%	–
PG	New	PROCTER	$14,545,000	–	132,648	–	3.38%	–
XLK	New	SECTOR SPDR	$13,099,000	–	167,850	–	3.04%	–
PEP	New	PEPSICO	$12,423,000	–	94,742	–	2.89%	–
MCD	New	MCDONALDS CORP	$10,856,000	–	52,279	–	2.52%	–
V	New	VISA	$10,808,000	–	62,274	–	2.51%	–
DIS	New	WALT	$10,447,000	–	74,810	–	2.43%	–
KO	New	COCA-COLA	$9,733,000	–	191,149	–	2.26%	–
INTC	New	INTEL	$9,652,000	–	201,631	–	2.24%	–
ADBE	New	ADOBE	$9,440,000	–	32,037	–	2.20%	–
UTX	New	UNITED	$8,619,000	–	66,199	–	2.00%	–
MRK	New	MERCK	$8,485,000	–	101,196	–	1.97%	–
XLRE	New	SECTOR SPDR	$8,233,000	–	223,897	–	1.91%	–
PFE	New	PFIZER	$8,008,000	–	184,840	–	1.86%	–
ENB	New	ENBRIDGEforeign stock	$7,850,000	–	217,586	–	1.82%	–
VZ	New	VERIZON	$7,814,000	–	136,783	–	1.82%	–
EMR	New	EMERSON	$7,587,000	–	113,702	–	1.76%	–
GLW	New	CORNING	$7,437,000	–	223,813	–	1.73%	–
GSK	New	GLAXOSMITHKLINEforeign stock	$7,313,000	–	182,738	–	1.70%	–
BRKB	New	BERKSHIRE	$6,693,000	–	31,398	–	1.56%	–
CRM	New	SALESFORCE.COM	$6,688,000	–	44,078	–	1.56%	–
JPM	New	JPMORGAN	$6,446,000	–	57,656	–	1.50%	–
UNP	New	UNION	$6,439,000	–	38,073	–	1.50%	–
XOM	New	EXXON	$6,401,000	–	83,536	–	1.49%	–
MDT	New	MEDTRONICforeign stock	$6,350,000	–	65,202	–	1.48%	–
AXP	New	AMERICAN	$6,270,000	–	50,790	–	1.46%	–
CMCSA	New	COMCAST	$6,054,000	–	143,200	–	1.41%	–
EFA	New	ISHARESmutual funds -	$5,892,000	–	89,651	–	1.37%	–
SBUX	New	STARBUCKS CORP	$5,881,000	–	70,150	–	1.37%	–
AMZN	New	AMAZON.COM INC	$5,843,000	–	3,086	–	1.36%	–
BCE	New	BCEforeign stock	$5,804,000	–	127,613	–	1.35%	–
AAPL	New	APPLE	$5,534,000	–	27,961	–	1.29%	–
D	New	DOMINION	$5,226,000	–	67,590	–	1.22%	–
CVX	New	CHEVRON	$5,120,000	–	41,141	–	1.19%	–
GOOG	New	ALPHABET	$4,877,000	–	4,512	–	1.13%	–
WMT	New	WAL-MART	$4,865,000	–	44,036	–	1.13%	–
DUK	New	DUKE	$4,741,000	–	53,730	–	1.10%	–
TRV	New	THE	$4,480,000	–	29,964	–	1.04%	–
XLF	New	SECTOR SPDR	$4,218,000	–	152,823	–	0.98%	–
XLU	New	SECTOR SPDR	$4,162,000	–	69,797	–	0.97%	–
JCI	New	JOHNSONforeign stock	$3,438,000	–	83,208	–	0.80%	–
QQQ	New	INVESCOmutual funds -	$3,404,000	–	18,226	–	0.79%	–
CL	New	COLGATE PALMOLIVE	$3,363,000	–	46,917	–	0.78%	–
DBEF	New	XTRACKERSmutual funds -	$3,356,000	–	106,170	–	0.78%	–
GS	New	GOLDMAN	$3,292,000	–	16,092	–	0.76%	–
BA	New	BOEING	$3,208,000	–	8,814	–	0.75%	–
SPMD	New	SPDRmutual funds -	$3,066,000	–	89,991	–	0.71%	–
HD	New	HOME	$3,037,000	–	14,606	–	0.71%	–
BUD	New	ANHEUSER-BUSCHforeign stock	$2,869,000	–	32,411	–	0.67%	–
XLV	New	SECTOR SPDR	$2,812,000	–	30,353	–	0.65%	–
ABT	New	ABBOTT	$2,546,000	–	30,270	–	0.59%	–
CNI	New	CANADIANforeign stock	$2,457,000	–	26,580	–	0.57%	–
DE	New	DEERE & CO	$2,377,000	–	14,342	–	0.55%	–
COF	New	CAPITAL	$2,287,000	–	25,199	–	0.53%	–
SO	New	SOUTHERN COMPANY	$2,107,000	–	38,106	–	0.49%	–
BLK	New	BLACKROCK	$2,088,000	–	4,450	–	0.48%	–
IWD	New	ISHARESmutual funds -	$1,990,000	–	15,641	–	0.46%	–
AMGN	New	AMGEN	$1,970,000	–	10,693	–	0.46%	–
IWO	New	ISHARESmutual funds -	$1,964,000	–	9,773	–	0.46%	–
XLY	New	SECTOR SPDR	$1,904,000	–	15,975	–	0.44%	–
BMY	New	BRISTOL	$1,793,000	–	39,521	–	0.42%	–
IWN	New	ISHARESmutual funds -	$1,686,000	–	13,984	–	0.39%	–
CSCO	New	CISCO	$1,596,000	–	29,160	–	0.37%	–
IVV	New	ISHARESmutual funds -	$1,406,000	–	4,771	–	0.33%	–
MMM	New	3M CO	$1,381,000	–	7,967	–	0.32%	–
HON	New	HONEYWELL	$1,265,000	–	7,245	–	0.29%	–
XLE	New	SECTOR SPDR	$1,262,000	–	19,816	–	0.29%	–
IWM	New	ISHARESmutual funds -	$1,232,000	–	7,924	–	0.29%	–
ORLY	New	O'REILLY	$1,219,000	–	3,302	–	0.28%	–
XLI	New	SECTOR SPDR	$1,137,000	–	14,681	–	0.26%	–
PAYX	New	PAYCHEX INC	$1,009,000	–	12,263	–	0.24%	–
ADP	New	AUTOMATIC DATA PROCESSING	$919,000	–	5,560	–	0.21%	–
BBT	New	BB&T	$778,000	–	15,849	–	0.18%	–
VWO	New	VANGUARDmutual funds -	$767,000	–	18,039	–	0.18%	–
CB	New	CHUBBforeign stock	$737,000	–	5,003	–	0.17%	–
IBM	New	INTERNATIONAL	$681,000	–	4,943	–	0.16%	–
TXN	New	TEXAS	$632,000	–	5,512	–	0.15%	–
DD	New	DUPONT	$622,000	–	8,289	–	0.14%	–
WFC	New	WELLS	$611,000	–	12,897	–	0.14%	–
T	New	AT&T	$555,000	–	16,572	–	0.13%	–
PSX	New	PHILLIPS	$549,000	–	5,866	–	0.13%	–
TIP	New	ISHARESmutual funds -	$536,000	–	4,644	–	0.12%	–
NEE	New	NEXTERA	$533,000	–	2,601	–	0.12%	–
COP	New	CONOCOPHILLIPS	$534,000	–	8,762	–	0.12%	–
GOOGL	New	ALPHABET	$531,000	–	491	–	0.12%	–
ABBV	New	ABBVIE	$512,000	–	7,046	–	0.12%	–
DGX	New	QUEST	$509,000	–	5,000	–	0.12%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$464,000	–	2,684	–	0.11%	–
WBA	New	WALGREENS	$419,000	–	7,671	–	0.10%	–
ZBH	New	ZIMMER	$373,000	–	3,173	–	0.09%	–
DOW	New	DOW	$362,000	–	7,341	–	0.08%	–
LLY	New	ELI	$358,000	–	3,224	–	0.08%	–
SDY	New	SPDRmutual funds -	$340,000	–	3,370	–	0.08%	–
USB	New	US BANCORP	$314,000	–	6,000	–	0.07%	–
SPY	New	STANDARD & POORSmutual funds -	$312,000	–	1,064	–	0.07%	–
AGN	New	ALLERGANforeign stock	$305,000	–	1,823	–	0.07%	–
COST	New	COSTCO	$285,000	–	1,081	–	0.07%	–
XLP	New	SECTOR SPDR	$277,000	–	4,770	–	0.06%	–
SYY	New	SYSCO	$269,000	–	3,807	–	0.06%	–
GLD	New	SPDRmutual funds -	$266,000	–	2,000	–	0.06%	–
VYM	New	VANGUARDmutual funds -	$267,000	–	3,061	–	0.06%	–
NVO	New	NOVOforeign stock	$255,000	–	5,000	–	0.06%	–
VGT	New	VANGUARD	$239,000	–	1,133	–	0.06%	–
CTVA	New	CORTEVA	$239,000	–	8,076	–	0.06%	–
DHR	New	DANAHER	$233,000	–	1,634	–	0.05%	–
TJX	New	TJX	$234,000	–	4,422	–	0.05%	–
NBTB	New	NBT BANCORP INC	$227,000	–	6,041	–	0.05%	–
IBB	New	ISHARES	$220,000	–	2,014	–	0.05%	–
IDV	New	ISHARESmutual funds -	$216,000	–	7,038	–	0.05%	–
NSC	New	NORFOLK	$217,000	–	1,087	–	0.05%	–
GE	New	GENERAL	$127,000	–	12,061	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
NSC	Exit	NORFOLK	$0	–	-1,119	–	-0.04%	–
MET	Exit	METLIFE	$0	–	-4,349	–	-0.04%	–
BP	Exit	B P AMOCO PLC SPONS ADRforeign stock	$0	–	-4,430	–	-0.04%	–
BKNG	Exit	BOOKING	$0	–	-106	–	-0.05%	–
EEM	Exit	ISHARESmutual funds -	$0	–	-5,204	–	-0.05%	–
GLD	Exit	SPDRmutual funds -	$0	–	-2,000	–	-0.05%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-6,504	–	-0.06%	–
VYM	Exit	VANGUARDmutual funds -	$0	–	-3,061	–	-0.06%	–
TJX	Exit	TJX	$0	–	-2,400	–	-0.06%	–
MO	Exit	ALTRIA	$0	–	-4,514	–	-0.06%	–
COST	Exit	COSTCO	$0	–	-1,201	–	-0.06%	–
NKE	Exit	NIKE INC CL B	$0	–	-3,300	–	-0.06%	–
RDSA	Exit	ROYALforeign stock	$0	–	-4,130	–	-0.06%	–
IWF	Exit	ISHARESmutual funds -	$0	–	-1,838	–	-0.06%	–
GE	Exit	GENERAL	$0	–	-25,868	–	-0.06%	–
KEY	Exit	KEYCORP	$0	–	-15,858	–	-0.07%	–
SDY	Exit	SPDRmutual funds -	$0	–	-3,370	–	-0.07%	–
IYZ	Exit	ISHARES	$0	–	-11,334	–	-0.08%	–
DHR	Exit	DANAHER	$0	–	-3,111	–	-0.08%	–
TRV	Exit	THE	$0	–	-2,809	–	-0.08%	–
XLP	Exit	SECTOR SPDR	$0	–	-6,972	–	-0.08%	–
IDV	Exit	ISHARESmutual funds -	$0	–	-11,498	–	-0.08%	–
SYY	Exit	SYSCO	$0	–	-5,412	–	-0.09%	–
NEE	Exit	NEXTERA	$0	–	-2,419	–	-0.09%	–
ZBH	Exit	ZIMMER	$0	–	-3,173	–	-0.09%	–
WFC	Exit	WELLS	$0	–	-8,341	–	-0.10%	–
LLY	Exit	ELI	$0	–	-4,163	–	-0.10%	–
DE	Exit	DEERE & CO	$0	–	-3,454	–	-0.12%	–
WBA	Exit	WALGREENS	$0	–	-7,708	–	-0.12%	–
TXN	Exit	TEXAS	$0	–	-5,424	–	-0.13%	–
TIP	Exit	ISHARESmutual funds -	$0	–	-5,310	–	-0.13%	–
GOOGL	Exit	ALPHABET	$0	–	-528	–	-0.14%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-3,758	–	-0.14%	–
IBB	Exit	ISHARES	$0	–	-6,485	–	-0.18%	–
AXP	Exit	AMERICAN	$0	–	-7,490	–	-0.18%	–
T	Exit	AT&T	$0	–	-23,900	–	-0.18%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-12,788	–	-0.19%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-20,377	–	-0.20%	–
CMCSA	Exit	COMCAST	$0	–	-25,445	–	-0.20%	–
ABBV	Exit	ABBVIE	$0	–	-9,708	–	-0.20%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-6,850	–	-0.23%	–
IBM	Exit	INTERNATIONAL	$0	–	-7,154	–	-0.24%	–
PAYX	Exit	PAYCHEX INC	$0	–	-16,367	–	-0.27%	–
PSX	Exit	PHILLIPS	$0	–	-12,297	–	-0.31%	–
CSCO	Exit	CISCO	$0	–	-29,927	–	-0.32%	–
IWD	Exit	ISHARESmutual funds -	$0	–	-13,855	–	-0.39%	–
ABT	Exit	ABBOTT	$0	–	-25,812	–	-0.42%	–
QABA	Exit	FIRST	$0	–	-36,393	–	-0.43%	–
MMM	Exit	3M CO	$0	–	-9,826	–	-0.46%	–
DWDP	Exit	DOWDUPONT	$0	–	-32,625	–	-0.46%	–
XLI	Exit	SECTOR SPDR	$0	–	-28,221	–	-0.49%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-16,694	–	-0.49%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-10,380	–	-0.50%	–
XLU	Exit	SECTOR SPDR	$0	–	-44,060	–	-0.51%	–
KRE	Exit	SPDR	$0	–	-39,416	–	-0.52%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-8,113	–	-0.53%	–
COF	Exit	CAPITAL	$0	–	-25,168	–	-0.53%	–
AMGN	Exit	AMGEN	$0	–	-11,895	–	-0.55%	–
XLY	Exit	SECTOR SPDR	$0	–	-21,574	–	-0.56%	–
BMY	Exit	BRISTOL	$0	–	-42,994	–	-0.59%	–
GS	Exit	GOLDMAN	$0	–	-11,930	–	-0.59%	–
DUK	Exit	DUKE	$0	–	-33,536	–	-0.60%	–
D	Exit	DOMINION	$0	–	-39,507	–	-0.62%	–
CNI	Exit	CANADIANforeign stock	$0	–	-30,887	–	-0.62%	–
ORLY	Exit	O'REILLY	$0	–	-8,864	–	-0.68%	–
MPC	Exit	MARATHON	$0	–	-38,894	–	-0.69%	–
XLE	Exit	SECTOR SPDR	$0	–	-41,736	–	-0.70%	–
XLV	Exit	SECTOR SPDR	$0	–	-33,644	–	-0.71%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-89,991	–	-0.72%	–
DBEF	Exit	XTRACKERSmutual funds -	$0	–	-102,716	–	-0.74%	–
ENB	Exit	ENBRIDGEforeign stock	$0	–	-103,107	–	-0.74%	–
INTC	Exit	INTEL	$0	–	-76,159	–	-0.80%	–
BBT	Exit	BB&T	$0	–	-75,636	–	-0.81%	–
BLK	Exit	BLACKROCK	$0	–	-8,203	–	-0.86%	–
XOP	Exit	SPDR	$0	–	-91,834	–	-0.88%	–
WMT	Exit	WAL-MART	$0	–	-44,656	–	-0.93%	–
GSK	Exit	GLAXOSMITHKLINEforeign stock	$0	–	-108,248	–	-0.96%	–
HON	Exit	HONEYWELL	$0	–	-27,704	–	-1.02%	–
HD	Exit	HOME	$0	–	-22,308	–	-1.02%	–
XLB	Exit	SECTOR SPDR	$0	–	-81,443	–	-1.05%	–
IWM	Exit	ISHARESmutual funds -	$0	–	-29,958	–	-1.12%	–
VZ	Exit	VERIZON	$0	–	-99,574	–	-1.18%	–
GOOG	Exit	ALPHABET	$0	–	-4,746	–	-1.26%	–
XLRE	Exit	SECTOR SPDR	$0	–	-184,127	–	-1.33%	–
BA	Exit	BOEING	$0	–	-16,175	–	-1.33%	–
CVX	Exit	CHEVRON	$0	–	-50,331	–	-1.36%	–
XBI	Exit	SPDR	$0	–	-66,872	–	-1.42%	–
BRKB	Exit	BERKSHIRE	$0	–	-30,441	–	-1.44%	–
UNP	Exit	UNION	$0	–	-41,545	–	-1.50%	–
CRM	Exit	SALESFORCE.COM	$0	–	-42,779	–	-1.51%	–
DIS	Exit	WALT	$0	–	-60,996	–	-1.58%	–
MDT	Exit	MEDTRONICforeign stock	$0	–	-72,615	–	-1.58%	–
MRK	Exit	MERCK	$0	–	-107,279	–	-1.69%	–
PEP	Exit	PEPSICO	$0	–	-68,039	–	-1.69%	–
QQQ	Exit	INVESCOmutual funds -	$0	–	-41,707	–	-1.72%	–
XLF	Exit	SECTOR SPDR	$0	–	-294,351	–	-1.80%	–
KO	Exit	COCA-COLA	$0	–	-177,155	–	-1.81%	–
EFA	Exit	ISHARESmutual funds -	$0	–	-122,949	–	-1.85%	–
MCD	Exit	MCDONALDS CORP	$0	–	-50,313	–	-1.86%	–
XOM	Exit	EXXON	$0	–	-102,427	–	-1.93%	–
PG	Exit	PROCTER	$0	–	-109,104	–	-2.01%	–
GLW	Exit	CORNING	$0	–	-277,588	–	-2.17%	–
PFE	Exit	PFIZER	$0	–	-225,294	–	-2.20%	–
UTX	Exit	UNITED	$0	–	-74,368	–	-2.30%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-40,836	–	-2.44%	–
JPM	Exit	JPMORGAN	$0	–	-101,536	–	-2.54%	–
EMR	Exit	EMERSON	$0	–	-154,308	–	-2.62%	–
V	Exit	VISA	$0	–	-78,962	–	-2.63%	–
AAPL	Exit	APPLE	$0	–	-56,887	–	-2.85%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-7,226	–	-3.21%	–
JNJ	Exit	JOHNSON	$0	–	-108,623	–	-3.33%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-416,407	–	-3.92%	–
MSFT	Exit	MICROSOFT	$0	–	-157,920	–	-4.00%	–
XLK	Exit	SECTOR SPDR	$0	–	-261,317	–	-4.36%	–

Q3 2018

			Value		Shares		↓ Weighting
XLK	Sell	SECTOR SPDR	$19,686,000	+2.8%	261,317	-5.2%	4.36%	-5.3%
MSFT	Sell	MICROSOFT	$18,061,000	+13.5%	157,920	-2.2%	4.00%	+4.4%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$17,668,000	-16.8%	416,407	-1.8%	3.92%	-23.5%
JNJ	Buy	JOHNSON	$15,009,000	+16.8%	108,623	+2.6%	3.33%	+7.5%
AMZN	Sell	AMAZON.COM INC	$14,473,000	+8.4%	7,226	-8.0%	3.21%	-0.3%
AAPL	Sell	APPLE	$12,841,000	+16.7%	56,887	-4.3%	2.85%	+7.4%
V	Sell	VISA	$11,851,000	+7.7%	78,962	-4.9%	2.63%	-0.8%
EMR	Sell	EMERSON	$11,817,000	-3.1%	154,308	-12.5%	2.62%	-10.8%
JPM	Sell	JPMORGAN	$11,457,000	+7.2%	101,536	-1.0%	2.54%	-1.3%
ADBE	Sell	ADOBE SYSTEMS INC	$11,023,000	+4.6%	40,836	-5.5%	2.44%	-3.7%
UTX	Buy	UNITED	$10,398,000	+18.6%	74,368	+6.0%	2.30%	+9.1%
PFE	Sell	PFIZER	$9,929,000	+18.0%	225,294	-2.9%	2.20%	+8.6%
GLW	Sell	CORNING	$9,799,000	+26.0%	277,588	-1.8%	2.17%	+16.0%
PG	Buy	PROCTER	$9,081,000	+50.1%	109,104	+40.7%	2.01%	+38.1%
XOM	Sell	EXXON	$8,708,000	-0.0%	102,427	-2.7%	1.93%	-8.0%
MCD	Sell	MCDONALDS CORP	$8,417,000	+5.6%	50,313	-1.1%	1.86%	-2.8%
EFA	Sell	ISHARESmutual funds -	$8,359,000	-16.5%	122,949	-17.7%	1.85%	-23.2%
KO	Buy	COCA-COLA	$8,183,000	+23.3%	177,155	+17.1%	1.81%	+13.5%
XLF	Sell	SECTOR SPDR	$8,118,000	-4.7%	294,351	-8.1%	1.80%	-12.3%
QQQ	Buy	INVESCOmutual funds -	$7,749,000	+30.0%	41,707	+20.1%	1.72%	+19.7%
PEP	Buy	PEPSICO	$7,606,000	+45.3%	68,039	+41.5%	1.69%	+33.8%
MRK	Buy	MERCK	$7,610,000	+112.9%	107,279	+82.2%	1.69%	+96.0%
MDT	Buy	MEDTRONICforeign stock	$7,144,000	+93.2%	72,615	+68.1%	1.58%	+77.9%
DIS	Buy	WALT	$7,133,000	+24.3%	60,996	+11.4%	1.58%	+14.4%
CRM	Buy	SALESFORCE.COM	$6,803,000	+28.3%	42,779	+10.0%	1.51%	+18.1%
UNP	Buy	UNION	$6,764,000	+23.9%	41,545	+7.8%	1.50%	+14.0%
BRKB	Sell	BERKSHIRE	$6,517,000	-23.6%	30,441	-33.4%	1.44%	-29.7%
XBI	Sell	SPDR	$6,410,000	-24.6%	66,872	-25.2%	1.42%	-30.6%
CVX	Sell	CHEVRON	$6,154,000	-28.4%	50,331	-25.9%	1.36%	-34.1%
BA	Sell	BOEING	$6,016,000	+10.5%	16,175	-0.3%	1.33%	+1.7%
XLRE	Buy	SECTOR SPDR	$6,005,000	+97.7%	184,127	+98.2%	1.33%	+82.1%
GOOG	Sell	ALPHABET	$5,665,000	+6.5%	4,746	-0.5%	1.26%	-2.0%
VZ	Buy	VERIZON	$5,317,000	+46.3%	99,574	+37.8%	1.18%	+34.6%
IWM	Buy	ISHARESmutual funds -	$5,050,000	+188.4%	29,958	+180.2%	1.12%	+165.2%
XLB	Sell	SECTOR SPDR	$4,718,000	-1.0%	81,443	-0.8%	1.05%	-8.9%
HD	Sell	HOME	$4,621,000	-17.2%	22,308	-22.0%	1.02%	-23.8%
HON	Buy	HONEYWELL	$4,610,000	+196.3%	27,704	+156.5%	1.02%	+172.5%
GSK	Buy	GLAXOSMITHKLINEforeign stock	$4,348,000	+38.1%	108,248	+38.6%	0.96%	+27.2%
WMT	Buy	WAL-MART	$4,194,000	+15.4%	44,656	+5.3%	0.93%	+6.2%
XOP	Sell	SPDR	$3,975,000	-5.7%	91,834	-6.2%	0.88%	-13.2%
BLK	Sell	BLACKROCK	$3,867,000	-26.2%	8,203	-21.9%	0.86%	-32.1%
BBT	Sell	BB&T	$3,671,000	-18.5%	75,636	-15.3%	0.81%	-25.0%
INTC	Sell	INTEL	$3,602,000	-40.7%	76,159	-37.7%	0.80%	-45.5%
ENB	New	ENBRIDGEforeign stock	$3,329,000	–	103,107	–	0.74%	–
DBEF	Buy	XTRACKERSmutual funds -	$3,322,000	+143.9%	102,716	+136.7%	0.74%	+124.4%
XLV	Sell	SECTOR SPDR	$3,201,000	-11.5%	33,644	-22.4%	0.71%	-18.6%
XLE	Sell	SECTOR SPDR	$3,161,000	-42.0%	41,736	-41.8%	0.70%	-46.6%
MPC	Buy	MARATHON	$3,110,000	+163.1%	38,894	+130.8%	0.69%	+141.8%
ORLY	Buy	O'REILLY	$3,078,000	+28.2%	8,864	+1.0%	0.68%	+18.0%
D	Buy	DOMINION	$2,777,000	+50.9%	39,507	+46.4%	0.62%	+38.8%
CNI	Sell	CANADIANforeign stock	$2,774,000	+9.6%	30,887	-0.3%	0.62%	+0.8%
DUK	Buy	DUKE	$2,684,000	+19.0%	33,536	+17.6%	0.60%	+9.6%
GS	Buy	GOLDMAN	$2,675,000	+58.9%	11,930	+56.3%	0.59%	+46.4%
BMY	Buy	BRISTOL	$2,669,000	+13.5%	42,994	+1.2%	0.59%	+4.4%
XLY	Buy	SECTOR SPDR	$2,529,000	+9.4%	21,574	+2.0%	0.56%	+0.7%
AMGN	Buy	AMGEN	$2,466,000	+16.2%	11,895	+3.4%	0.55%	+6.8%
COF	New	CAPITAL	$2,389,000	–	25,168	–	0.53%	–
IVV	Buy	ISHARESmutual funds -	$2,375,000	+14.4%	8,113	+6.7%	0.53%	+5.2%
KRE	Buy	SPDR	$2,342,000	+53.8%	39,416	+57.9%	0.52%	+41.4%
XLU	Sell	SECTOR SPDR	$2,319,000	-22.2%	44,060	-23.2%	0.51%	-28.4%
XLI	Sell	SECTOR SPDR	$2,213,000	+5.8%	28,221	-3.3%	0.49%	-2.8%
DWDP	Sell	DOWDUPONT	$2,098,000	-6.3%	32,625	-3.9%	0.46%	-13.7%
MMM	Buy	3M CO	$2,070,000	+13.1%	9,826	+5.6%	0.46%	+4.1%
QABA	Buy	FIRST	$1,941,000	+100.7%	36,393	+106.2%	0.43%	+84.5%
ABT	Sell	ABBOTT	$1,893,000	+14.2%	25,812	-5.0%	0.42%	+5.3%
IWD	Sell	ISHARESmutual funds -	$1,755,000	-15.3%	13,855	-18.8%	0.39%	-22.0%
CSCO	Sell	CISCO	$1,456,000	+11.3%	29,927	-1.5%	0.32%	+2.5%
PSX	Sell	PHILLIPS	$1,386,000	-57.5%	12,297	-57.7%	0.31%	-60.9%
PAYX	Sell	PAYCHEX INC	$1,205,000	+1.9%	16,367	-5.3%	0.27%	-6.3%
IBM	Sell	INTERNATIONAL	$1,082,000	-21.3%	7,154	-27.3%	0.24%	-27.5%
ADP	Sell	AUTOMATIC DATA PROCESSING	$1,032,000	+6.1%	6,850	-5.5%	0.23%	-2.1%
ABBV	Sell	ABBVIE	$918,000	-25.8%	9,708	-27.3%	0.20%	-31.9%
CMCSA	New	COMCAST	$901,000	–	25,445	–	0.20%	–
SO	Sell	SOUTHERN COMPANY	$889,000	-55.0%	20,377	-52.2%	0.20%	-58.5%
CL	Buy	COLGATE PALMOLIVE	$856,000	+44.6%	12,788	+40.1%	0.19%	+32.9%
T	Sell	AT&T	$802,000	-13.7%	23,900	-17.4%	0.18%	-20.5%
IBB	Sell	ISHARES	$791,000	+8.5%	6,485	-2.3%	0.18%	-0.6%
TXN	Sell	TEXAS	$582,000	-46.3%	5,424	-44.8%	0.13%	-50.6%
DE	Sell	DEERE & CO	$519,000	+6.1%	3,454	-1.3%	0.12%	-2.5%
LLY	Sell	ELI	$447,000	+24.2%	4,163	-1.3%	0.10%	+13.8%
WFC	Sell	WELLS	$438,000	-5.6%	8,341	-0.3%	0.10%	-13.4%
NEE	Sell	NEXTERA	$405,000	-0.7%	2,419	-0.9%	0.09%	-8.2%
SYY	Sell	SYSCO	$397,000	-57.1%	5,412	-60.1%	0.09%	-60.5%
XLP	Sell	SECTOR SPDR	$376,000	-59.5%	6,972	-61.3%	0.08%	-62.9%
DHR	Sell	DANAHER	$338,000	-22.7%	3,111	-29.8%	0.08%	-28.6%
IYZ	Sell	ISHARES	$337,000	+2.7%	11,334	-4.6%	0.08%	-5.1%
KEY	New	KEYCORP	$315,000	–	15,858	–	0.07%	–
GE	Sell	GENERAL	$292,000	-29.0%	25,868	-14.5%	0.06%	-34.3%
IWF	Buy	ISHARESmutual funds -	$287,000	+37.3%	1,838	+26.6%	0.06%	+28.0%
COST	Sell	COSTCO	$282,000	-12.4%	1,201	-21.9%	0.06%	-20.5%
RDSA	Sell	ROYALforeign stock	$281,000	-7.9%	4,130	-6.4%	0.06%	-15.1%
TJX	New	TJX	$269,000	–	2,400	–	0.06%	–
MO	Sell	ALTRIA	$272,000	-9.3%	4,514	-14.4%	0.06%	-16.7%
GLD	New	SPDRmutual funds -	$226,000	–	2,000	–	0.05%	–
EEM	Buy	ISHARESmutual funds -	$223,000	-0.4%	5,204	+0.8%	0.05%	-9.3%
BKNG	Sell	BOOKING	$210,000	-93.2%	106	-93.0%	0.05%	-93.7%
BP	Sell	B P AMOCO PLC SPONS ADRforeign stock	$205,000	-5.1%	4,430	-6.4%	0.04%	-13.5%
MET	New	METLIFE	$203,000	–	4,349	–	0.04%	–
NSC	New	NORFOLK	$202,000	–	1,119	–	0.04%	–
PHYS	Exit	SPROTTmutual funds-al	$0	–	-11,109	–	-0.03%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-2,285	–	-0.05%	–
KMB	Exit	KIMBERLY	$0	–	-2,150	–	-0.05%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,489	–	-0.06%	–
AMAT	Exit	APPLIED	$0	–	-5,820	–	-0.06%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-7,840	–	-0.07%	–
VWO	Exit	VANGUARDmutual funds -	$0	–	-8,461	–	-0.09%	–
BCE	Exit	BCEforeign stock	$0	–	-26,415	–	-0.26%	–

Q2 2018

			Value		Shares		↓ Weighting
CHMG	New	CHEMUNG FINANCIAL CORP	$21,246,000	–	423,976	–	5.12%	–
XLK	New	SECTOR SPDR	$19,144,000	–	275,572	–	4.61%	–
MSFT	New	MICROSOFT	$15,918,000	–	161,428	–	3.83%	–
AMZN	New	AMAZON.COM INC	$13,357,000	–	7,858	–	3.22%	–
JNJ	New	JOHNSON	$12,849,000	–	105,894	–	3.09%	–
EMR	New	EMERSON	$12,194,000	–	176,367	–	2.94%	–
AAPL	New	APPLE	$11,005,000	–	59,447	–	2.65%	–
V	New	VISA	$10,999,000	–	83,042	–	2.65%	–
JPM	New	JPMORGAN	$10,686,000	–	102,553	–	2.57%	–
ADBE	New	ADOBE SYSTEMS INC	$10,539,000	–	43,228	–	2.54%	–
EFA	New	ISHARESmutual funds -	$10,009,000	–	149,456	–	2.41%	–
UTX	New	UNITED	$8,769,000	–	70,135	–	2.11%	–
XOM	New	EXXON	$8,709,000	–	105,271	–	2.10%	–
CVX	New	CHEVRON	$8,593,000	–	67,968	–	2.07%	–
BRKB	New	BERKSHIRE	$8,528,000	–	45,687	–	2.05%	–
XLF	New	SECTOR SPDR	$8,517,000	–	320,316	–	2.05%	–
XBI	New	SPDR	$8,506,000	–	89,351	–	2.05%	–
PFE	New	PFIZER	$8,416,000	–	231,977	–	2.03%	–
MCD	New	MCDONALDS CORP	$7,970,000	–	50,865	–	1.92%	–
GLW	New	CORNING	$7,776,000	–	282,651	–	1.87%	–
KO	New	COCA-COLA	$6,638,000	–	151,331	–	1.60%	–
INTC	New	INTEL	$6,076,000	–	122,211	–	1.46%	–
PG	New	PROCTER	$6,051,000	–	77,517	–	1.46%	–
QQQ	New	INVESCOmutual funds -	$5,959,000	–	34,714	–	1.44%	–
DIS	New	WALT	$5,739,000	–	54,750	–	1.38%	–
HD	New	HOME	$5,581,000	–	28,606	–	1.34%	–
UNP	New	UNION	$5,460,000	–	38,538	–	1.32%	–
XLE	New	SECTOR SPDR	$5,449,000	–	71,764	–	1.31%	–
BA	New	BOEING	$5,445,000	–	16,227	–	1.31%	–
GOOG	New	ALPHABET	$5,321,000	–	4,769	–	1.28%	–
CRM	New	SALESFORCE.COM	$5,304,000	–	38,889	–	1.28%	–
BLK	New	BLACKROCK	$5,243,000	–	10,507	–	1.26%	–
PEP	New	PEPSICO	$5,233,000	–	48,072	–	1.26%	–
XLB	New	SECTOR SPDR	$4,768,000	–	82,104	–	1.15%	–
BBT	New	BB&T	$4,506,000	–	89,329	–	1.08%	–
XOP	New	SPDR	$4,215,000	–	97,875	–	1.02%	–
MDT	New	MEDTRONICforeign stock	$3,697,000	–	43,188	–	0.89%	–
VZ	New	VERIZON	$3,635,000	–	72,254	–	0.88%	–
WMT	New	WAL-MART	$3,634,000	–	42,428	–	0.88%	–
XLV	New	SECTOR SPDR	$3,617,000	–	43,338	–	0.87%	–
MRK	New	MERCK	$3,574,000	–	58,884	–	0.86%	–
PSX	New	PHILLIPS	$3,265,000	–	29,070	–	0.79%	–
GSK	New	GLAXOSMITHKLINEforeign stock	$3,148,000	–	78,097	–	0.76%	–
SPMD	New	SPDRmutual funds -	$3,139,000	–	89,991	–	0.76%	–
BKNG	New	BOOKING	$3,083,000	–	1,521	–	0.74%	–
XLRE	New	SECTOR SPDR	$3,038,000	–	92,882	–	0.73%	–
XLU	New	SECTOR SPDR	$2,981,000	–	57,382	–	0.72%	–
CNI	New	CANADIANforeign stock	$2,532,000	–	30,972	–	0.61%	–
ORLY	New	O'REILLY	$2,400,000	–	8,773	–	0.58%	–
BMY	New	BRISTOL	$2,352,000	–	42,494	–	0.57%	–
XLY	New	SECTOR SPDR	$2,311,000	–	21,151	–	0.56%	–
DUK	New	DUKE	$2,255,000	–	28,517	–	0.54%	–
DWDP	New	DOWDUPONT	$2,239,000	–	33,958	–	0.54%	–
IWN	New	ISHARESmutual funds -	$2,203,000	–	16,694	–	0.53%	–
AMGN	New	AMGEN	$2,123,000	–	11,504	–	0.51%	–
IWO	New	ISHARESmutual funds -	$2,121,000	–	10,380	–	0.51%	–
XLI	New	SECTOR SPDR	$2,092,000	–	29,197	–	0.50%	–
IVV	New	ISHARESmutual funds -	$2,076,000	–	7,603	–	0.50%	–
IWD	New	ISHARESmutual funds -	$2,072,000	–	17,065	–	0.50%	–
SO	New	SOUTHERN COMPANY	$1,974,000	–	42,637	–	0.48%	–
D	New	DOMINION	$1,840,000	–	26,988	–	0.44%	–
MMM	New	3M CO	$1,831,000	–	9,308	–	0.44%	–
IWM	New	ISHARESmutual funds -	$1,751,000	–	10,693	–	0.42%	–
GS	New	GOLDMAN	$1,683,000	–	7,633	–	0.40%	–
ABT	New	ABBOTT	$1,657,000	–	27,168	–	0.40%	–
HON	New	HONEYWELL	$1,556,000	–	10,802	–	0.38%	–
KRE	New	SPDR	$1,523,000	–	24,969	–	0.37%	–
IBM	New	INTERNATIONAL	$1,374,000	–	9,837	–	0.33%	–
DBEF	New	XTRACKERSmutual funds -	$1,362,000	–	43,403	–	0.33%	–
CSCO	New	CISCO	$1,308,000	–	30,397	–	0.32%	–
ABBV	New	ABBVIE	$1,237,000	–	13,355	–	0.30%	–
MPC	New	MARATHON	$1,182,000	–	16,855	–	0.28%	–
PAYX	New	PAYCHEX INC	$1,182,000	–	17,284	–	0.28%	–
TXN	New	TEXAS	$1,083,000	–	9,821	–	0.26%	–
BCE	New	BCEforeign stock	$1,069,000	–	26,415	–	0.26%	–
ADP	New	AUTOMATIC DATA PROCESSING	$973,000	–	7,250	–	0.23%	–
QABA	New	FIRST	$967,000	–	17,653	–	0.23%	–
XLP	New	SECTOR SPDR	$929,000	–	18,021	–	0.22%	–
T	New	AT&T	$929,000	–	28,933	–	0.22%	–
SYY	New	SYSCO	$926,000	–	13,574	–	0.22%	–
AXP	New	AMERICAN	$734,000	–	7,490	–	0.18%	–
IBB	New	ISHARES	$729,000	–	6,641	–	0.18%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$675,000	–	3,758	–	0.16%	–
TIP	New	ISHARESmutual funds -	$599,000	–	5,310	–	0.14%	–
CL	New	COLGATE PALMOLIVE	$592,000	–	9,126	–	0.14%	–
GOOGL	New	ALPHABET	$596,000	–	528	–	0.14%	–
DE	New	DEERE & CO	$489,000	–	3,499	–	0.12%	–
WFC	New	WELLS	$464,000	–	8,369	–	0.11%	–
WBA	New	WALGREENS	$462,000	–	7,708	–	0.11%	–
DHR	New	DANAHER	$437,000	–	4,433	–	0.10%	–
GE	New	GENERAL	$411,000	–	30,248	–	0.10%	–
NEE	New	NEXTERA	$408,000	–	2,441	–	0.10%	–
IDV	New	ISHARESmutual funds -	$369,000	–	11,498	–	0.09%	–
LLY	New	ELI	$360,000	–	4,218	–	0.09%	–
VWO	New	VANGUARDmutual funds -	$357,000	–	8,461	–	0.09%	–
ZBH	New	ZIMMER	$353,000	–	3,173	–	0.08%	–
TRV	New	THE	$343,000	–	2,809	–	0.08%	–
IYZ	New	ISHARES	$328,000	–	11,884	–	0.08%	–
COST	New	COSTCO	$322,000	–	1,537	–	0.08%	–
SDY	New	SPDRmutual funds -	$312,000	–	3,370	–	0.08%	–
RDSA	New	ROYALforeign stock	$305,000	–	4,412	–	0.07%	–
MO	New	ALTRIA	$300,000	–	5,276	–	0.07%	–
WY	New	WEYERHAEUSER CO	$286,000	–	7,840	–	0.07%	–
AMAT	New	APPLIED	$269,000	–	5,820	–	0.06%	–
NKE	New	NIKE INC CL B	$263,000	–	3,300	–	0.06%	–
VYM	New	VANGUARDmutual funds -	$254,000	–	3,061	–	0.06%	–
NBTB	New	NBT BANCORP INC	$248,000	–	6,504	–	0.06%	–
COP	New	CONOCOPHILLIPS	$243,000	–	3,489	–	0.06%	–
KMB	New	KIMBERLY	$226,000	–	2,150	–	0.05%	–
EEM	New	ISHARESmutual funds -	$224,000	–	5,164	–	0.05%	–
BP	New	B P AMOCO PLC SPONS ADRforeign stock	$216,000	–	4,732	–	0.05%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$214,000	–	2,285	–	0.05%	–
IWF	New	ISHARESmutual funds -	$209,000	–	1,452	–	0.05%	–
PHYS	New	SPROTTmutual funds-al	$113,000	–	11,109	–	0.03%	–

Q4 2017

			Value		Shares		↓ Weighting
LLL	Exit	L3	$0	–	-1,100	–	-0.05%	–
AGN	Exit	ALLERGANforeign stock	$0	–	-998	–	-0.05%	–
CZNC	Exit	CITIZENS & NORTHERN CORP	$0	–	-8,588	–	-0.05%	–
DVY	Exit	ISHARESmutual funds -	$0	–	-2,310	–	-0.05%	–
PPL	Exit	PPL CORP	$0	–	-5,947	–	-0.05%	–
MET	Exit	METLIFE	$0	–	-4,398	–	-0.05%	–
UNP	Exit	UNION	$0	–	-1,993	–	-0.05%	–
SNY	Exit	SANOFIforeign stock	$0	–	-4,800	–	-0.05%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-4,484	–	-0.06%	–
BP	Exit	B P AMOCO PLC SPONS ADRforeign stock	$0	–	-6,408	–	-0.06%	–
VOD	Exit	VODAFONEforeign stock	$0	–	-8,781	–	-0.06%	–
IDV	Exit	ISHARESmutual funds -	$0	–	-7,523	–	-0.06%	–
EEM	Exit	ISHARESmutual funds -	$0	–	-5,703	–	-0.06%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-2,438	–	-0.06%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-7,146	–	-0.06%	–
VWO	Exit	VANGUARDmutual funds -	$0	–	-6,170	–	-0.06%	–
RDSA	Exit	ROYALforeign stock	$0	–	-4,418	–	-0.06%	–
CAT	Exit	CATERPILLAR	$0	–	-2,162	–	-0.06%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-4,670	–	-0.06%	–
MDT	Exit	MEDTRONICforeign stock	$0	–	-3,684	–	-0.06%	–
SU	Exit	SUNCORforeign stock	$0	–	-8,100	–	-0.06%	–
COST	Exit	COSTCO	$0	–	-1,791	–	-0.07%	–
VYM	Exit	VANGUARDmutual funds -	$0	–	-3,786	–	-0.07%	–
SDY	Exit	SPDRmutual funds -	$0	–	-3,370	–	-0.07%	–
KHC	Exit	KRAFT	$0	–	-4,025	–	-0.07%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-9,760	–	-0.08%	–
KMB	Exit	KIMBERLY	$0	–	-2,957	–	-0.08%	–
NEE	Exit	NEXTERA	$0	–	-2,391	–	-0.08%	–
LLY	Exit	ELI	$0	–	-4,311	–	-0.08%	–
ZBH	Exit	ZIMMER	$0	–	-3,173	–	-0.08%	–
PM	Exit	PHILIP	$0	–	-3,833	–	-0.10%	–
DE	Exit	DEERE & CO	$0	–	-3,524	–	-0.10%	–
XLP	Exit	SECTOR SPDR	$0	–	-8,276	–	-0.10%	–
TRV	Exit	THE	$0	–	-4,125	–	-0.12%	–
AMAT	Exit	APPLIED	$0	–	-9,757	–	-0.12%	–
GOOGL	Exit	ALPHABET	$0	–	-535	–	-0.12%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-3,758	–	-0.13%	–
MO	Exit	ALTRIA	$0	–	-8,955	–	-0.13%	–
GD	Exit	GENERAL	$0	–	-3,073	–	-0.14%	–
AXP	Exit	AMERICAN	$0	–	-8,091	–	-0.17%	–
TIP	Exit	ISHARESmutual funds -	$0	–	-6,600	–	-0.17%	–
DWDP	Exit	DOWDUPONT	$0	–	-11,174	–	-0.18%	–
IWM	Exit	ISHARESmutual funds -	$0	–	-5,235	–	-0.18%	–
DHR	Exit	DANAHER	$0	–	-9,604	–	-0.19%	–
WBA	Exit	WALGREENS	$0	–	-11,606	–	-0.20%	–
XLE	Exit	SECTOR SPDR	$0	–	-13,339	–	-0.21%	–
TXN	Exit	TEXAS	$0	–	-10,755	–	-0.22%	–
WFC	Exit	WELLS	$0	–	-18,458	–	-0.23%	–
CSCO	Exit	CISCO	$0	–	-30,358	–	-0.23%	–
ENB	Exit	ENBRIDGEforeign stock	$0	–	-24,808	–	-0.24%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-4,171	–	-0.24%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-21,529	–	-0.24%	–
SYY	Exit	SYSCO	$0	–	-20,958	–	-0.26%	–
IYZ	Exit	ISHARES	$0	–	-43,056	–	-0.30%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-11,955	–	-0.30%	–
XLY	Exit	SECTOR SPDR	$0	–	-14,618	–	-0.30%	–
DBEF	Exit	XTRACKERSmutual funds -	$0	–	-43,570	–	-0.31%	–
IWD	Exit	ISHARESmutual funds -	$0	–	-12,361	–	-0.33%	–
PAYX	Exit	PAYCHEX INC	$0	–	-24,502	–	-0.34%	–
ABT	Exit	ABBOTT	$0	–	-30,443	–	-0.37%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-22,793	–	-0.38%	–
AMGN	Exit	AMGEN	$0	–	-9,082	–	-0.39%	–
XLI	Exit	SECTOR SPDR	$0	–	-25,722	–	-0.42%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-10,237	–	-0.42%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-16,297	–	-0.46%	–
GS	Exit	GOLDMAN	$0	–	-10,216	–	-0.55%	–
BCE	Exit	BCEforeign stock	$0	–	-54,928	–	-0.59%	–
T	Exit	AT&T	$0	–	-67,277	–	-0.60%	–
PSX	Exit	PHILLIPS	$0	–	-28,731	–	-0.60%	–
ABBV	Exit	ABBVIE	$0	–	-30,766	–	-0.62%	–
IBB	Exit	ISHARES	$0	–	-8,350	–	-0.63%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-29,997	–	-0.65%	–
DD	Exit	DUPONT	$0	–	-35,273	–	-0.68%	–
VZ	Exit	VERIZON	$0	–	-59,900	–	-0.68%	–
INTC	Exit	INTEL	$0	–	-77,945	–	-0.68%	–
XLU	Exit	SECTOR SPDR	$0	–	-56,878	–	-0.69%	–
DIS	Exit	WALT	$0	–	-31,983	–	-0.72%	–
IBM	Exit	INTERNATIONAL	$0	–	-22,308	–	-0.74%	–
BBT	Exit	BB&T	$0	–	-72,331	–	-0.77%	–
MMM	Exit	3M CO	$0	–	-16,679	–	-0.80%	–
DUK	Exit	DUKE	$0	–	-45,549	–	-0.87%	–
HBI	Exit	HANESBRANDS	$0	–	-166,114	–	-0.93%	–
PCLN	Exit	PRICELINE	$0	–	-2,384	–	-0.99%	–
GOOG	Exit	ALPHABET	$0	–	-4,671	–	-1.02%	–
XLB	Exit	SECTOR SPDR	$0	–	-81,992	–	-1.06%	–
BA	Exit	BOEING	$0	–	-19,914	–	-1.15%	–
EUFN	Exit	ISHARESmutual funds -	$0	–	-217,666	–	-1.16%	–
D	Exit	DOMINION	$0	–	-68,989	–	-1.21%	–
HON	Exit	HONEYWELL	$0	–	-37,829	–	-1.22%	–
XBI	Exit	SPDR	$0	–	-62,044	–	-1.22%	–
UTX	Exit	UNITED	$0	–	-47,702	–	-1.26%	–
GE	Exit	GENERAL	$0	–	-233,937	–	-1.29%	–
CNI	Exit	CANADIANforeign stock	$0	–	-69,688	–	-1.32%	–
UPS	Exit	UNITED	$0	–	-48,135	–	-1.32%	–
QQQ	Exit	POWERSHARESmutual funds -	$0	–	-42,111	–	-1.40%	–
XLRE	Exit	SECTOR SPDR	$0	–	-197,856	–	-1.45%	–
CVX	Exit	CHEVRON	$0	–	-55,592	–	-1.49%	–
MRK	Exit	MERCK	$0	–	-103,112	–	-1.50%	–
BLK	Exit	BLACKROCK	$0	–	-15,006	–	-1.53%	–
BMY	Exit	BRISTOL	$0	–	-108,932	–	-1.58%	–
XLV	Exit	SECTOR SPDR	$0	–	-85,280	–	-1.59%	–
HD	Exit	HOME	$0	–	-44,768	–	-1.67%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-50,815	–	-1.73%	–
PEP	Exit	PEPSICO	$0	–	-71,377	–	-1.81%	–
WMT	Exit	WAL-MART	$0	–	-106,777	–	-1.90%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-8,971	–	-1.96%	–
MCD	Exit	MCDONALDS CORP	$0	–	-55,721	–	-1.99%	–
PFE	Exit	PFIZER	$0	–	-245,998	–	-2.00%	–
BRKB	Exit	BERKSHIRE	$0	–	-48,998	–	-2.05%	–
AAPL	Exit	APPLE	$0	–	-58,751	–	-2.06%	–
V	Exit	VISA	$0	–	-86,773	–	-2.08%	–
EFA	Exit	ISHARESmutual funds -	$0	–	-134,616	–	-2.10%	–
XOM	Exit	EXXON	$0	–	-112,686	–	-2.10%	–
GLW	Exit	CORNING	$0	–	-313,725	–	-2.14%	–
XLF	Exit	SECTOR SPDR	$0	–	-378,004	–	-2.23%	–
EMR	Exit	EMERSON	$0	–	-168,944	–	-2.42%	–
JPM	Exit	JPMORGAN	$0	–	-114,907	–	-2.50%	–
KO	Exit	COCA-COLA	$0	–	-254,300	–	-2.61%	–
PG	Exit	PROCTER	$0	–	-131,596	–	-2.73%	–
MSFT	Exit	MICROSOFT	$0	–	-171,475	–	-2.91%	–
JNJ	Exit	JOHNSON	$0	–	-124,646	–	-3.69%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-397,234	–	-4.26%	–
XLK	Exit	SECTOR SPDR	$0	–	-321,627	–	-4.33%	–

Q3 2017

			Value		Shares		↓ Weighting
XLK	Buy	SECTOR SPDR	$19,009,000	+9.6%	321,627	+1.5%	4.33%	+7.4%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$18,710,000	+5.7%	397,234	-8.3%	4.26%	+3.5%
JNJ	Sell	JOHNSON	$16,205,000	-3.1%	124,646	-1.4%	3.69%	-5.1%
MSFT	Buy	MICROSOFT	$12,773,000	+8.1%	171,475	+0.1%	2.91%	+5.9%
PG	Buy	PROCTER	$11,973,000	+7.3%	131,596	+2.7%	2.73%	+5.1%
KO	Sell	COCA-COLA	$11,446,000	-1.8%	254,300	-2.1%	2.61%	-3.8%
JPM	Sell	JPMORGAN	$10,975,000	-2.6%	114,907	-6.8%	2.50%	-4.6%
EMR	Buy	EMERSON	$10,617,000	+5.7%	168,944	+0.3%	2.42%	+3.6%
XLF	Sell	SECTOR SPDR	$9,775,000	-8.5%	378,004	-12.7%	2.23%	-10.3%
GLW	Sell	CORNING	$9,386,000	-12.2%	313,725	-11.8%	2.14%	-14.0%
XOM	Sell	EXXON	$9,238,000	-10.4%	112,686	-11.8%	2.10%	-12.2%
EFA	Buy	ISHARESmutual funds -	$9,219,000	+24.5%	134,616	+18.6%	2.10%	+22.0%
V	Sell	VISA	$9,131,000	+10.9%	86,773	-1.1%	2.08%	+8.7%
AAPL	Sell	APPLE	$9,054,000	-4.9%	58,751	-11.1%	2.06%	-6.8%
BRKB	Sell	BERKSHIRE	$8,982,000	+6.5%	48,998	-1.6%	2.05%	+4.3%
PFE	Buy	PFIZER	$8,783,000	+66.4%	245,998	+56.5%	2.00%	+62.9%
MCD	Buy	MCDONALDS CORP	$8,731,000	+26.8%	55,721	+23.9%	1.99%	+24.2%
AMZN	Sell	AMAZON.COM INC	$8,625,000	-1.1%	8,971	-0.4%	1.96%	-3.1%
WMT	Buy	WAL-MART	$8,344,000	+4.3%	106,777	+1.0%	1.90%	+2.1%
PEP	Buy	PEPSICO	$7,954,000	-3.2%	71,377	+0.3%	1.81%	-5.2%
ADBE	Sell	ADOBE SYSTEMS INC	$7,581,000	+3.4%	50,815	-1.9%	1.73%	+1.3%
HD	Buy	HOME	$7,322,000	+80.1%	44,768	+69.0%	1.67%	+76.5%
XLV	Buy	SECTOR SPDR	$6,970,000	+15.9%	85,280	+12.3%	1.59%	+13.5%
BMY	Buy	BRISTOL	$6,944,000	+55.2%	108,932	+35.7%	1.58%	+52.1%
BLK	Buy	BLACKROCK	$6,709,000	+20.6%	15,006	+13.9%	1.53%	+18.1%
MRK	Sell	MERCK	$6,603,000	-19.3%	103,112	-19.3%	1.50%	-21.0%
CVX	Sell	CHEVRON	$6,532,000	+10.8%	55,592	-1.6%	1.49%	+8.5%
XLRE	Buy	SECTOR SPDR	$6,379,000	+16.7%	197,856	+16.5%	1.45%	+14.3%
QQQ	Buy	POWERSHARESmutual funds -	$6,126,000	+1062.4%	42,111	+1000.4%	1.40%	+1035.0%
UPS	Buy	UNITED	$5,781,000	+997.0%	48,135	+909.1%	1.32%	+970.7%
CNI	Buy	CANADIANforeign stock	$5,773,000	+3.3%	69,688	+1.0%	1.32%	+1.2%
GE	Sell	GENERAL	$5,657,000	-37.0%	233,937	-29.6%	1.29%	-38.3%
UTX	Sell	UNITED	$5,538,000	-55.6%	47,702	-53.3%	1.26%	-56.5%
XBI	Buy	SPDR	$5,372,000	+32.5%	62,044	+18.1%	1.22%	+29.8%
HON	Buy	HONEYWELL	$5,362,000	+33.3%	37,829	+25.4%	1.22%	+30.7%
D	Buy	DOMINION	$5,307,000	+3.5%	68,989	+3.1%	1.21%	+1.4%
EUFN	Sell	ISHARESmutual funds -	$5,110,000	+2.4%	217,666	-4.3%	1.16%	+0.3%
BA	Sell	BOEING	$5,062,000	+5.9%	19,914	-17.6%	1.15%	+3.8%
XLB	Buy	SECTOR SPDR	$4,657,000	+12.1%	81,992	+6.2%	1.06%	+9.8%
GOOG	Sell	ALPHABET	$4,480,000	+5.4%	4,671	-0.2%	1.02%	+3.2%
PCLN	Buy	PRICELINE	$4,364,000	+3.8%	2,384	+6.0%	0.99%	+1.6%
HBI	New	HANESBRANDS	$4,093,000	–	166,114	–	0.93%	–
DUK	Buy	DUKE	$3,822,000	+8.5%	45,549	+8.1%	0.87%	+6.3%
MMM	Sell	3M CO	$3,501,000	-5.9%	16,679	-6.7%	0.80%	-7.9%
BBT	Buy	BB&T	$3,395,000	+7.5%	72,331	+4.0%	0.77%	+5.3%
IBM	Sell	INTERNATIONAL	$3,236,000	-48.6%	22,308	-45.5%	0.74%	-49.7%
DIS	Sell	WALT	$3,152,000	-65.5%	31,983	-62.8%	0.72%	-66.2%
XLU	Buy	SECTOR SPDR	$3,017,000	+2.9%	56,878	+0.8%	0.69%	+0.7%
INTC	Sell	INTEL	$2,969,000	+3.2%	77,945	-8.6%	0.68%	+1.0%
VZ	Sell	VERIZON	$2,965,000	+4.4%	59,900	-5.8%	0.68%	+2.3%
DD	Sell	DUPONT	$2,961,000	+0.7%	35,273	-3.1%	0.68%	-1.2%
SPMD	Sell	SPDRmutual funds -	$2,872,000	-11.7%	29,997	-14.3%	0.65%	-13.5%
IBB	Sell	ISHARES	$2,785,000	+1.8%	8,350	-5.4%	0.63%	-0.3%
ABBV	Sell	ABBVIE	$2,734,000	+14.2%	30,766	-6.8%	0.62%	+12.1%
T	Sell	AT&T	$2,635,000	-0.8%	67,277	-4.5%	0.60%	-2.9%
PSX	Buy	PHILLIPS	$2,632,000	+613.3%	28,731	+543.3%	0.60%	+597.7%
BCE	Buy	BCEforeign stock	$2,573,000	+20.8%	54,928	+16.2%	0.59%	+18.4%
GS	Buy	GOLDMAN	$2,424,000	+19.4%	10,216	+11.7%	0.55%	+16.9%
IWN	Buy	ISHARESmutual funds -	$2,022,000	+4.4%	16,297	+0.0%	0.46%	+2.4%
IWO	Sell	ISHARESmutual funds -	$1,833,000	-9.0%	10,237	-14.2%	0.42%	-10.7%
XLI	Sell	SECTOR SPDR	$1,827,000	-38.7%	25,722	-41.2%	0.42%	-40.0%
AMGN	Sell	AMGEN	$1,694,000	+6.4%	9,082	-1.8%	0.39%	+4.3%
CL	Sell	COLGATE PALMOLIVE	$1,660,000	-18.4%	22,793	-17.0%	0.38%	-20.1%
ABT	Buy	ABBOTT	$1,624,000	+11.0%	30,443	+1.1%	0.37%	+8.8%
PAYX	Sell	PAYCHEX INC	$1,469,000	-6.1%	24,502	-10.8%	0.34%	-8.0%
IWD	Buy	ISHARESmutual funds -	$1,465,000	+7.2%	12,361	+5.4%	0.33%	+5.0%
DBEF	Buy	XTRACKERSmutual funds -	$1,352,000	+53.3%	43,570	+48.3%	0.31%	+50.2%
XLY	Sell	SECTOR SPDR	$1,317,000	-3.9%	14,618	-4.5%	0.30%	-6.0%
IYZ	Sell	ISHARES	$1,310,000	-52.2%	43,056	-49.4%	0.30%	-53.3%
ADP	Sell	AUTOMATIC DATA PROCESSING	$1,307,000	-6.5%	11,955	-12.3%	0.30%	-8.3%
SYY	Sell	SYSCO	$1,131,000	-11.1%	20,958	-17.1%	0.26%	-12.8%
SO	Sell	SOUTHERN COMPANY	$1,057,000	-24.7%	21,529	-26.6%	0.24%	-26.1%
IVV	Buy	ISHARESmutual funds -	$1,055,000	+37.0%	4,171	+31.9%	0.24%	+34.1%
ENB	Sell	ENBRIDGEforeign stock	$1,038,000	+0.7%	24,808	-4.3%	0.24%	-1.7%
CSCO	Buy	CISCO	$1,021,000	+8.4%	30,358	+0.9%	0.23%	+6.4%
WFC	Buy	WELLS	$1,018,000	+0.9%	18,458	+1.3%	0.23%	-1.3%
TXN	Buy	TEXAS	$964,000	+185.2%	10,755	+144.4%	0.22%	+178.5%
XLE	Sell	SECTOR SPDR	$914,000	-74.4%	13,339	-75.8%	0.21%	-75.0%
WBA	Sell	WALGREENS	$897,000	-2.9%	11,606	-1.7%	0.20%	-5.1%
DHR	Sell	DANAHER	$824,000	-3.4%	9,604	-5.0%	0.19%	-5.1%
IWM	Buy	ISHARESmutual funds -	$776,000	+262.6%	5,235	+244.4%	0.18%	+254.0%
DWDP	New	DOWDUPONT	$774,000	–	11,174	–	0.18%	–
TIP	Sell	ISHARESmutual funds -	$750,000	-5.2%	6,600	-5.4%	0.17%	-7.1%
AXP	Sell	AMERICAN	$732,000	+6.7%	8,091	-0.7%	0.17%	+4.4%
GD	Sell	GENERAL	$632,000	+1.3%	3,073	-2.4%	0.14%	-0.7%
LH	Sell	LABORATORY CRP OF AMER HLDGS	$568,000	-52.9%	3,758	-52.0%	0.13%	-54.1%
MO	Sell	ALTRIA	$568,000	-31.7%	8,955	-19.8%	0.13%	-33.2%
GOOGL	Sell	ALPHABET	$521,000	-0.6%	535	-5.1%	0.12%	-2.5%
AMAT	Sell	APPLIED	$509,000	+4.1%	9,757	-17.6%	0.12%	+1.8%
TRV	Sell	THE	$506,000	-85.9%	4,125	-85.4%	0.12%	-86.2%
XLP	Sell	SECTOR SPDR	$447,000	-3.7%	8,276	-2.0%	0.10%	-5.6%
DE	Sell	DEERE & CO	$443,000	-2.6%	3,524	-4.3%	0.10%	-4.7%
PM	Sell	PHILIP	$425,000	-19.4%	3,833	-14.6%	0.10%	-21.1%
ZBH	Sell	ZIMMER	$372,000	-25.6%	3,173	-18.4%	0.08%	-26.7%
LLY	Sell	ELI	$369,000	-30.9%	4,311	-33.5%	0.08%	-32.3%
NEE	Sell	NEXTERA	$350,000	+2.6%	2,391	-1.6%	0.08%	+1.3%
KMB	Sell	KIMBERLY	$348,000	-11.9%	2,957	-3.3%	0.08%	-14.1%
WY	Sell	WEYERHAEUSER CO	$332,000	-8.0%	9,760	-9.4%	0.08%	-9.5%
KHC	Sell	KRAFT	$313,000	-16.8%	4,025	-8.4%	0.07%	-18.4%
SDY	New	SPDRmutual funds -	$308,000	–	3,370	–	0.07%	–
VYM	New	VANGUARDmutual funds -	$307,000	–	3,786	–	0.07%	–
COST	Sell	COSTCO	$294,000	-7.8%	1,791	-10.3%	0.07%	-9.5%
MDT	New	MEDTRONICforeign stock	$286,000	–	3,684	–	0.06%	–
J	Sell	JACOBS ENGINEERING GROUP INC	$272,000	-32.3%	4,670	-36.8%	0.06%	-33.3%
CAT	Sell	CATERPILLAR	$269,000	+3.9%	2,162	-10.4%	0.06%	+1.7%
RDSA	New	ROYALforeign stock	$268,000	–	4,418	–	0.06%	–
VWO	Sell	VANGUARDmutual funds -	$269,000	-2.9%	6,170	-9.1%	0.06%	-4.7%
PRU	Sell	PRUDENTIAL FINANCIAL INC	$259,000	-5.1%	2,438	-3.4%	0.06%	-6.3%
EEM	Sell	ISHARESmutual funds -	$255,000	-41.5%	5,703	-45.8%	0.06%	-42.6%
IDV	New	ISHARESmutual funds -	$254,000	–	7,523	–	0.06%	–
VOD	Sell	VODAFONEforeign stock	$250,000	-5.7%	8,781	-4.9%	0.06%	-8.1%
BP	Sell	B P AMOCO PLC SPONS ADRforeign stock	$246,000	+4.2%	6,408	-5.9%	0.06%	+1.8%
SBUX	Sell	STARBUCKS CORP	$241,000	-93.0%	4,484	-92.4%	0.06%	-93.1%
SNY	Sell	SANOFIforeign stock	$239,000	-10.8%	4,800	-14.1%	0.05%	-12.9%
PPL	Sell	PPL CORP	$226,000	-6.6%	5,947	-5.1%	0.05%	-8.9%
DVY	New	ISHARESmutual funds -	$217,000	–	2,310	–	0.05%	–
CZNC	New	CITIZENS & NORTHERN CORP	$211,000	–	8,588	–	0.05%	–
LLL	New	L3	$207,000	–	1,100	–	0.05%	–
AGN	Sell	ALLERGANforeign stock	$205,000	-70.0%	998	-64.5%	0.05%	-70.4%
F	Exit	FORD	$0	–	-10,041	–	-0.03%	–
GSK	Exit	GLAXOSMITHKLINEforeign stock	$0	–	-4,859	–	-0.05%	–
HOLX	Exit	HOLOGIC	$0	–	-5,106	–	-0.05%	–
TJX	Exit	TJX	$0	–	-3,734	–	-0.06%	–
VXF	Exit	VANGUARDmutual funds -	$0	–	-2,801	–	-0.07%	–
DOW	Exit	DOW	$0	–	-11,430	–	-0.17%	–

Q2 2017

			Value		Shares		↓ Weighting
CHMG	New	CHEMUNG FINANCIAL CORP	$17,709,000	–	433,195	–	4.12%	–
XLK	New	SECTOR SPDRmutual funds -	$17,338,000	–	316,853	–	4.03%	–
JNJ	New	JOHNSON	$16,725,000	–	126,426	–	3.89%	–
UTX	New	UNITED	$12,481,000	–	102,212	–	2.90%	–
MSFT	New	MICROSOFT	$11,812,000	–	171,365	–	2.75%	–
KO	New	COCA-COLA	$11,653,000	–	259,824	–	2.71%	–
JPM	New	JPMORGAN	$11,268,000	–	123,287	–	2.62%	–
PG	New	PROCTER	$11,163,000	–	128,086	–	2.60%	–
GLW	New	CORNING	$10,690,000	–	355,717	–	2.49%	–
XLF	New	SECTOR SPDRmutual funds -	$10,683,000	–	433,042	–	2.48%	–
XOM	New	EXXON	$10,312,000	–	127,744	–	2.40%	–
EMR	New	EMERSON	$10,044,000	–	168,466	–	2.34%	–
AAPL	New	APPLE	$9,522,000	–	66,115	–	2.21%	–
DIS	New	WALT	$9,142,000	–	86,044	–	2.13%	–
GE	New	GENERAL	$8,977,000	–	332,368	–	2.09%	–
AMZN	New	AMAZON.COM INC	$8,720,000	–	9,008	–	2.03%	–
BRKB	New	BERKSHIRE	$8,435,000	–	49,801	–	1.96%	–
V	New	VISA	$8,232,000	–	87,772	–	1.91%	–
PEP	New	PEPSICO	$8,219,000	–	71,162	–	1.91%	–
MRK	New	MERCK	$8,187,000	–	127,736	–	1.90%	–
WMT	New	WAL-MART	$8,001,000	–	105,723	–	1.86%	–
EFA	New	ISHARESmutual funds -	$7,402,000	–	113,522	–	1.72%	–
ADBE	New	ADOBE SYSTEMS INC	$7,330,000	–	51,820	–	1.70%	–
MCD	New	MCDONALDS CORP	$6,886,000	–	44,962	–	1.60%	–
IBM	New	INTERNATIONAL	$6,298,000	–	40,941	–	1.46%	–
XLV	New	SECTOR SPDRmutual funds -	$6,015,000	–	75,907	–	1.40%	–
CVX	New	CHEVRON	$5,896,000	–	56,515	–	1.37%	–
CNI	New	CANADIANforeign stock	$5,591,000	–	68,982	–	1.30%	–
BLK	New	BLACKROCK	$5,564,000	–	13,172	–	1.29%	–
XLRE	New	SECTOR SPDRmutual funds -	$5,466,000	–	169,767	–	1.27%	–
PFE	New	PFIZER	$5,279,000	–	157,164	–	1.23%	–
D	New	DOMINION	$5,126,000	–	66,893	–	1.19%	–
EUFN	New	ISHARESmutual funds -	$4,990,000	–	227,434	–	1.16%	–
BA	New	BOEING	$4,778,000	–	24,165	–	1.11%	–
BMY	New	BRISTOL	$4,474,000	–	80,279	–	1.04%	–
GOOG	New	ALPHABET	$4,252,000	–	4,679	–	0.99%	–
PCLN	New	PRICELINE	$4,205,000	–	2,248	–	0.98%	–
XLB	New	SECTOR SPDRmutual funds -	$4,155,000	–	77,216	–	0.97%	–
HD	New	HOME	$4,065,000	–	26,495	–	0.94%	–
XBI	New	SPDRmutual funds -	$4,054,000	–	52,528	–	0.94%	–
HON	New	HONEYWELL	$4,021,000	–	30,165	–	0.94%	–
MMM	New	3M CO	$3,722,000	–	17,876	–	0.87%	–
TRV	New	THE	$3,580,000	–	28,287	–	0.83%	–
XLE	New	SECTOR SPDRmutual funds -	$3,576,000	–	55,091	–	0.83%	–
DUK	New	DUKE	$3,522,000	–	42,132	–	0.82%	–
SBUX	New	STARBUCKS CORP	$3,432,000	–	58,867	–	0.80%	–
SPMD	New	SPDRmutual funds -	$3,253,000	–	34,998	–	0.76%	–
BBT	New	BB&T	$3,157,000	–	69,516	–	0.73%	–
XLI	New	SECTOR SPDRmutual funds -	$2,978,000	–	43,726	–	0.69%	–
DD	New	DUPONT	$2,939,000	–	36,415	–	0.68%	–
XLU	New	SECTOR SPDRmutual funds -	$2,933,000	–	56,439	–	0.68%	–
INTC	New	INTEL	$2,878,000	–	85,306	–	0.67%	–
VZ	New	VERIZON	$2,840,000	–	63,606	–	0.66%	–
IYZ	New	ISHARESmutual funds -	$2,742,000	–	85,019	–	0.64%	–
IBB	New	ISHARESmutual funds -	$2,737,000	–	8,827	–	0.64%	–
T	New	AT&T	$2,657,000	–	70,436	–	0.62%	–
ABBV	New	ABBVIE	$2,393,000	–	32,999	–	0.56%	–
BCE	New	BCEforeign stock	$2,130,000	–	47,289	–	0.50%	–
CL	New	COLGATE PALMOLIVE	$2,035,000	–	27,447	–	0.47%	–
GS	New	GOLDMAN	$2,030,000	–	9,150	–	0.47%	–
IWO	New	ISHARESmutual funds -	$2,014,000	–	11,933	–	0.47%	–
IWN	New	ISHARESmutual funds -	$1,936,000	–	16,291	–	0.45%	–
AMGN	New	AMGEN	$1,592,000	–	9,247	–	0.37%	–
PAYX	New	PAYCHEX INC	$1,564,000	–	27,474	–	0.36%	–
ABT	New	ABBOTT	$1,463,000	–	30,107	–	0.34%	–
SO	New	SOUTHERN COMPANY	$1,404,000	–	29,337	–	0.33%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,398,000	–	13,637	–	0.32%	–
XLY	New	SECTOR SPDRmutual funds -	$1,371,000	–	15,301	–	0.32%	–
IWD	New	ISHARESmutual funds -	$1,366,000	–	11,731	–	0.32%	–
SYY	New	SYSCO	$1,272,000	–	25,287	–	0.30%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$1,207,000	–	7,827	–	0.28%	–
ENB	New	ENBRIDGEforeign stock	$1,031,000	–	25,914	–	0.24%	–
WFC	New	WELLS	$1,009,000	–	18,214	–	0.24%	–
CSCO	New	CISCO	$942,000	–	30,079	–	0.22%	–
WBA	New	WALGREENS	$924,000	–	11,806	–	0.22%	–
DBEF	New	DEUTSCHEmutual funds -	$882,000	–	29,386	–	0.20%	–
DHR	New	DANAHER	$853,000	–	10,108	–	0.20%	–
MO	New	ALTRIA	$832,000	–	11,172	–	0.19%	–
TIP	New	ISHARESmutual funds -	$791,000	–	6,975	–	0.18%	–
IVV	New	ISHARESmutual funds -	$770,000	–	3,163	–	0.18%	–
DOW	New	DOW	$721,000	–	11,430	–	0.17%	–
AXP	New	AMERICAN	$686,000	–	8,144	–	0.16%	–
AGN	New	ALLERGANforeign stock	$684,000	–	2,814	–	0.16%	–
GD	New	GENERAL	$624,000	–	3,147	–	0.14%	–
LLY	New	ELI	$534,000	–	6,486	–	0.12%	–
QQQ	New	POWERSHARESmutual funds -	$527,000	–	3,827	–	0.12%	–
PM	New	PHILIP	$527,000	–	4,487	–	0.12%	–
UPS	New	UNITED	$527,000	–	4,770	–	0.12%	–
GOOGL	New	ALPHABET	$524,000	–	564	–	0.12%	–
ZBH	New	ZIMMER	$500,000	–	3,888	–	0.12%	–
AMAT	New	APPLIED	$489,000	–	11,838	–	0.11%	–
XLP	New	SECTOR SPDRmutual funds -	$464,000	–	8,444	–	0.11%	–
DE	New	DEERE & CO	$455,000	–	3,681	–	0.11%	–
EEM	New	ISHARESmutual funds -	$436,000	–	10,525	–	0.10%	–
J	New	JACOBS ENGINEERING GROUP INC	$402,000	–	7,393	–	0.09%	–
KMB	New	KIMBERLY	$395,000	–	3,058	–	0.09%	–
KHC	New	KRAFT	$376,000	–	4,392	–	0.09%	–
PSX	New	PHILLIPS	$369,000	–	4,466	–	0.09%	–
WY	New	WEYERHAEUSER CO	$361,000	–	10,769	–	0.08%	–
NEE	New	NEXTERA	$341,000	–	2,431	–	0.08%	–
TXN	New	TEXAS	$338,000	–	4,400	–	0.08%	–
COST	New	COSTCO	$319,000	–	1,997	–	0.07%	–
VXF	New	VANGUARDmutual funds -	$287,000	–	2,801	–	0.07%	–
VWO	New	VANGUARDmutual funds -	$277,000	–	6,790	–	0.06%	–
TJX	New	TJX	$269,000	–	3,734	–	0.06%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$273,000	–	2,525	–	0.06%	–
SNY	New	SANOFIforeign stock	$268,000	–	5,585	–	0.06%	–
VOD	New	VODAFONEforeign stock	$265,000	–	9,232	–	0.06%	–
NBTB	New	NBT BANCORP INC	$264,000	–	7,146	–	0.06%	–
CAT	New	CATERPILLAR	$259,000	–	2,412	–	0.06%	–
PPL	New	PPL CORP	$242,000	–	6,267	–	0.06%	–
MET	New	METLIFE	$241,000	–	4,398	–	0.06%	–
SU	New	SUNCORforeign stock	$237,000	–	8,100	–	0.06%	–
BP	New	B P AMOCO PLC SPONS ADRforeign stock	$236,000	–	6,808	–	0.06%	–
HOLX	New	HOLOGIC	$232,000	–	5,106	–	0.05%	–
UNP	New	UNION	$217,000	–	1,993	–	0.05%	–
IWM	New	ISHARESmutual funds -	$214,000	–	1,520	–	0.05%	–
GSK	New	GLAXOSMITHKLINEforeign stock	$210,000	–	4,859	–	0.05%	–
F	New	FORD	$112,000	–	10,041	–	0.03%	–

Q4 2016

			Value		Shares		↓ Weighting
CPB	Exit	CAMPBELL	$0	–	-3,675	–	-0.05%	–
VOD	Exit	VODAFONEforeign stock	$0	–	-7,094	–	-0.05%	–
MET	Exit	METLIFE	$0	–	-4,764	–	-0.05%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-2,818	–	-0.05%	–
UNP	Exit	UNION	$0	–	-2,299	–	-0.05%	–
CAT	Exit	CATERPILLAR	$0	–	-2,600	–	-0.06%	–
XLE	Exit	SECTOR SPDRmutual funds -	$0	–	-3,276	–	-0.06%	–
SU	Exit	SUNCORforeign stock	$0	–	-8,620	–	-0.06%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-7,646	–	-0.06%	–
PPL	Exit	PPL CORP	$0	–	-7,356	–	-0.06%	–
TJX	Exit	TJX	$0	–	-3,552	–	-0.06%	–
XLP	Exit	SECTOR SPDRmutual funds -	$0	–	-4,976	–	-0.06%	–
NSC	Exit	NORFOLK	$0	–	-2,775	–	-0.06%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-3,652	–	-0.07%	–
HOLX	Exit	HOLOGIC	$0	–	-8,007	–	-0.07%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,301	–	-0.08%	–
DE	Exit	DEERE & CO	$0	–	-3,761	–	-0.08%	–
COST	Exit	COSTCO	$0	–	-2,191	–	-0.08%	–
QQQ	Exit	POWERSHARESmutual funds -	$0	–	-2,918	–	-0.08%	–
EEM	Exit	ISHARESmutual funds -	$0	–	-9,509	–	-0.08%	–
VXF	Exit	VANGUARDmutual funds -	$0	–	-3,908	–	-0.08%	–
BP	Exit	B P AMOCO PLC SPONS ADRforeign stock	$0	–	-10,145	–	-0.08%	–
NEE	Exit	NEXTERA	$0	–	-2,968	–	-0.09%	–
XLI	Exit	SECTOR SPDRmutual funds -	$0	–	-6,333	–	-0.09%	–
KMB	Exit	KIMBERLY	$0	–	-3,127	–	-0.09%	–
DBEF	Exit	DEUTSCHEmutual funds -	$0	–	-16,260	–	-0.10%	–
F	Exit	FORD	$0	–	-38,333	–	-0.11%	–
AXP	Exit	AMERICAN	$0	–	-7,404	–	-0.11%	–
IGSB	Exit	ISHARESmutual funds -	$0	–	-4,650	–	-0.12%	–
GD	Exit	GENERAL	$0	–	-3,291	–	-0.12%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-10,495	–	-0.13%	–
ZBH	Exit	ZIMMER	$0	–	-4,230	–	-0.13%	–
LLY	Exit	ELI	$0	–	-7,011	–	-0.13%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-17,696	–	-0.13%	–
GOOGL	Exit	ALPHABET	$0	–	-717	–	-0.14%	–
PM	Exit	PHILIP	$0	–	-6,652	–	-0.15%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-3,100	–	-0.16%	–
DOW	Exit	DOW	$0	–	-13,112	–	-0.16%	–
XLV	Exit	SECTOR SPDRmutual funds -	$0	–	-10,041	–	-0.17%	–
MO	Exit	ALTRIA	$0	–	-13,425	–	-0.20%	–
AMAT	Exit	APPLIED	$0	–	-28,720	–	-0.20%	–
KHC	Exit	KRAFT	$0	–	-10,192	–	-0.22%	–
DHR	Exit	DANAHER	$0	–	-11,688	–	-0.22%	–
TIP	Exit	ISHARESmutual funds -	$0	–	-8,475	–	-0.23%	–
WBA	Exit	WALGREENS	$0	–	-12,231	–	-0.23%	–
PSX	Exit	PHILLIPS	$0	–	-12,900	–	-0.25%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-8,399	–	-0.27%	–
XLY	Exit	SECTOR SPDRmutual funds -	$0	–	-15,813	–	-0.30%	–
WFC	Exit	WELLS	$0	–	-29,295	–	-0.31%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-15,618	–	-0.33%	–
BCE	Exit	BCEforeign stock	$0	–	-30,296	–	-0.33%	–
ABT	Exit	ABBOTT	$0	–	-33,139	–	-0.33%	–
SYY	Exit	SYSCO	$0	–	-32,705	–	-0.38%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-15,741	–	-0.39%	–
IWD	Exit	ISHARESmutual funds -	$0	–	-15,724	–	-0.39%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-23,905	–	-0.42%	–
XLRE	Exit	SECTOR SPDRmutual funds -	$0	–	-54,068	–	-0.42%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-11,955	–	-0.42%	–
IYZ	Exit	ISHARESmutual funds -	$0	–	-60,680	–	-0.46%	–
CSCO	Exit	CISCO	$0	–	-64,853	–	-0.49%	–
XLU	Exit	SECTOR SPDRmutual funds -	$0	–	-43,971	–	-0.51%	–
ABBV	Exit	ABBVIE	$0	–	-35,550	–	-0.53%	–
BBT	Exit	BB&T	$0	–	-62,045	–	-0.55%	–
HON	Exit	HONEYWELL	$0	–	-20,420	–	-0.56%	–
TRMB	Exit	TRIMBLE	$0	–	-84,660	–	-0.57%	–
PAYX	Exit	PAYCHEX INC	$0	–	-42,266	–	-0.58%	–
DD	Exit	DUPONT	$0	–	-38,041	–	-0.60%	–
D	Exit	DOMINION	$0	–	-37,060	–	-0.65%	–
GS	Exit	GOLDMAN	$0	–	-17,574	–	-0.67%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-34,998	–	-0.68%	–
DUK	Exit	DUKE	$0	–	-37,748	–	-0.72%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-60,367	–	-0.73%	–
BA	Exit	BOEING	$0	–	-24,833	–	-0.78%	–
XLB	Exit	SECTOR SPDRmutual funds -	$0	–	-71,511	–	-0.81%	–
EFA	Exit	ISHARESmutual funds -	$0	–	-58,515	–	-0.82%	–
GOOG	Exit	ALPHABET	$0	–	-4,739	–	-0.87%	–
MTB	Exit	M&T BANK CORP	$0	–	-32,610	–	-0.90%	–
MMM	Exit	3M CO	$0	–	-21,517	–	-0.90%	–
T	Exit	AT&T	$0	–	-97,237	–	-0.94%	–
INTC	Exit	INTEL	$0	–	-105,668	–	-0.94%	–
SE	Exit	SPECTRA	$0	–	-98,591	–	-1.00%	–
CNI	Exit	CANADIANforeign stock	$0	–	-65,284	–	-1.01%	–
AGN	Exit	ALLERGANforeign stock	$0	–	-18,692	–	-1.02%	–
ESRX	Exit	EXPRESS	$0	–	-62,049	–	-1.04%	–
AMGN	Exit	AMGEN	$0	–	-27,343	–	-1.08%	–
EMR	Exit	EMERSON	$0	–	-86,396	–	-1.12%	–
TXN	Exit	TEXAS	$0	–	-67,763	–	-1.13%	–
TRV	Exit	THE	$0	–	-42,400	–	-1.15%	–
VZ	Exit	VERIZON	$0	–	-101,628	–	-1.25%	–
BMY	Exit	BRISTOL	$0	–	-99,678	–	-1.27%	–
QCOM	Exit	QUALCOMM	$0	–	-79,385	–	-1.29%	–
IBB	Exit	ISHARESmutual funds -	$0	–	-19,015	–	-1.30%	–
HD	Exit	HOME	$0	–	-43,635	–	-1.33%	–
MCD	Exit	MCDONALDS CORP	$0	–	-49,081	–	-1.34%	–
DIS	Exit	WALT	$0	–	-68,454	–	-1.50%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-65,201	–	-1.68%	–
BRKB	Exit	BERKSHIRE	$0	–	-52,062	–	-1.78%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-9,040	–	-1.79%	–
XLF	Exit	SECTOR SPDRmutual funds -	$0	–	-396,722	–	-1.81%	–
IBM	Exit	INTERNATIONAL	$0	–	-48,314	–	-1.82%	–
AAPL	Exit	APPLE	$0	–	-68,949	–	-1.85%	–
V	Exit	VISA	$0	–	-95,213	–	-1.86%	–
PEP	Exit	PEPSICO	$0	–	-75,279	–	-1.94%	–
GLW	Exit	CORNING	$0	–	-378,745	–	-2.12%	–
MRK	Exit	MERCK	$0	–	-151,557	–	-2.24%	–
PFE	Exit	PFIZER	$0	–	-286,970	–	-2.30%	–
MSFT	Exit	MICROSOFT	$0	–	-170,473	–	-2.33%	–
JPM	Exit	JPM	$0	–	-148,948	–	-2.35%	–
UTX	Exit	UNITED	$0	–	-100,669	–	-2.42%	–
WMT	Exit	WAL-MART	$0	–	-145,524	–	-2.49%	–
KO	Exit	COCA-COLA	$0	–	-257,131	–	-2.58%	–
CVX	Exit	CHEVRON	$0	–	-106,224	–	-2.59%	–
XLK	Exit	SECTOR SPDRmutual funds -	$0	–	-267,590	–	-3.03%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-453,889	–	-3.12%	–
XOM	Exit	EXXON	$0	–	-156,205	–	-3.23%	–
JNJ	Exit	JOHNSON	$0	–	-133,858	–	-3.74%	–
PG	Exit	PROCTER	$0	–	-190,605	–	-4.05%	–
GE	Exit	GENERAL	$0	–	-622,244	–	-4.36%	–

Q3 2016

			Value		Shares		↓ Weighting
GE	Sell	GENERAL	$18,430,000	-7.0%	622,244	-1.1%	4.36%	-7.2%
PG	Buy	PROCTER	$17,107,000	+6.2%	190,605	+0.2%	4.05%	+6.0%
JNJ	Sell	JOHNSON	$15,813,000	-11.7%	133,858	-9.3%	3.74%	-11.9%
XOM	Sell	EXXON	$13,634,000	-25.6%	156,205	-20.1%	3.23%	-25.8%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$13,158,000	-1.4%	453,889	-0.2%	3.12%	-1.7%
XLK	Buy	SECTOR SPDRmutual funds -	$12,786,000	+31.4%	267,590	+19.2%	3.03%	+31.0%
CVX	Buy	CHEVRON	$10,933,000	+1.1%	106,224	+3.0%	2.59%	+0.9%
KO	Sell	COCA-COLA	$10,881,000	-16.1%	257,131	-10.2%	2.58%	-16.4%
WMT	Buy	WAL-MART	$10,495,000	-0.6%	145,524	+0.6%	2.49%	-0.8%
UTX	Buy	UNITED	$10,228,000	+25.2%	100,669	+26.3%	2.42%	+24.8%
JPM	Buy	JPM	$9,918,000	+14.8%	148,948	+7.2%	2.35%	+14.5%
MSFT	Buy	MICROSOFT	$9,820,000	+20.7%	170,473	+7.3%	2.33%	+20.5%
PFE	Buy	PFIZER	$9,719,000	+4.6%	286,970	+8.8%	2.30%	+4.4%
MRK	Buy	MERCK	$9,459,000	+20.9%	151,557	+11.6%	2.24%	+20.6%
GLW	Sell	CORNING	$8,957,000	+11.0%	378,745	-3.9%	2.12%	+10.7%
PEP	Sell	PEPSICO	$8,188,000	-1.1%	75,279	-3.7%	1.94%	-1.3%
V	Sell	VISA	$7,874,000	+10.4%	95,213	-1.0%	1.86%	+10.1%
AAPL	Sell	APPLE	$7,794,000	+17.4%	68,949	-0.7%	1.85%	+17.1%
IBM	Sell	INTERNATIONAL	$7,674,000	+3.9%	48,314	-0.7%	1.82%	+3.7%
XLF	Buy	SECTOR SPDRmutual funds -	$7,657,000	-11.2%	396,722	+5.1%	1.81%	-11.4%
AMZN	Sell	AMAZON.COM INC	$7,569,000	+15.1%	9,040	-1.6%	1.79%	+14.9%
BRKB	Sell	BERKSHIRE	$7,522,000	-2.4%	52,062	-2.2%	1.78%	-2.6%
ADBE	Sell	ADOBE SYSTEMS INC	$7,077,000	+9.4%	65,201	-3.4%	1.68%	+9.1%
DIS	Sell	WALT	$6,356,000	-5.8%	68,454	-0.7%	1.50%	-6.1%
MCD	Sell	MCDONALDS CORP	$5,662,000	-4.8%	49,081	-0.7%	1.34%	-5.1%
HD	Sell	HOME	$5,615,000	-0.2%	43,635	-0.9%	1.33%	-0.4%
IBB	Sell	ISHARESmutual funds -	$5,504,000	+11.5%	19,015	-0.8%	1.30%	+11.3%
QCOM	Buy	QUALCOMM	$5,438,000	+30.5%	79,385	+2.0%	1.29%	+30.1%
BMY	Sell	BRISTOL	$5,375,000	-48.9%	99,678	-30.3%	1.27%	-49.0%
VZ	Sell	VERIZON	$5,283,000	-35.2%	101,628	-30.4%	1.25%	-35.3%
TRV	Sell	THE	$4,857,000	-5.4%	42,400	-1.7%	1.15%	-5.7%
TXN	Sell	TEXAS	$4,755,000	+7.4%	67,763	-4.1%	1.13%	+7.0%
EMR	Sell	EMERSON	$4,710,000	+1.1%	86,396	-3.3%	1.12%	+0.9%
AMGN	Buy	AMGEN	$4,561,000	+380.1%	27,343	+337.8%	1.08%	+377.9%
ESRX	Buy	EXPRESS	$4,377,000	+13.8%	62,049	+22.3%	1.04%	+13.6%
AGN	Buy	ALLERGANforeign stock	$4,305,000	+19.2%	18,692	+19.6%	1.02%	+18.9%
CNI	Sell	CANADIANforeign stock	$4,270,000	+7.0%	65,284	-3.4%	1.01%	+6.8%
SE	Sell	SPECTRA	$4,215,000	-10.1%	98,591	-23.0%	1.00%	-10.3%
INTC	Sell	INTEL	$3,989,000	+13.3%	105,668	-1.6%	0.94%	+13.0%
T	Sell	AT&T	$3,949,000	-9.4%	97,237	-3.6%	0.94%	-9.7%
MMM	Sell	3M CO	$3,792,000	-44.3%	21,517	-44.7%	0.90%	-44.5%
MTB	Buy	M&T BANK CORP	$3,786,000	+552.8%	32,610	+564.4%	0.90%	+550.0%
GOOG	Sell	ALPHABET	$3,683,000	-19.7%	4,739	-28.5%	0.87%	-19.9%
EFA	New	ISHARESmutual funds -	$3,460,000	–	58,515	–	0.82%	–
XLB	New	SECTOR SPDRmutual funds -	$3,415,000	–	71,511	–	0.81%	–
BA	Sell	BOEING	$3,272,000	-2.7%	24,833	-4.1%	0.78%	-2.9%
SO	Buy	SOUTHERN COMPANY	$3,097,000	-0.3%	60,367	+4.3%	0.73%	-0.5%
DUK	Sell	DUKE	$3,022,000	-6.8%	37,748	-0.1%	0.72%	-7.0%
GS	Sell	GOLDMAN	$2,834,000	-38.4%	17,574	-43.2%	0.67%	-38.6%
D	Sell	DOMINION	$2,753,000	-7.9%	37,060	-3.3%	0.65%	-8.0%
DD	Sell	DUPONT	$2,547,000	-55.5%	38,041	-57.0%	0.60%	-55.7%
PAYX	Sell	PAYCHEX INC	$2,446,000	-7.8%	42,266	-5.3%	0.58%	-8.1%
TRMB	New	TRIMBLE	$2,418,000	–	84,660	–	0.57%	–
HON	Buy	HONEYWELL	$2,380,000	+4.2%	20,420	+4.0%	0.56%	+3.9%
BBT	Buy	BB&T	$2,341,000	+9.4%	62,045	+3.3%	0.55%	+9.1%
ABBV	Sell	ABBVIE	$2,242,000	+0.8%	35,550	-1.1%	0.53%	+0.6%
XLU	Sell	SECTOR SPDRmutual funds -	$2,154,000	-9.6%	43,971	-3.1%	0.51%	-9.9%
CSCO	Buy	CISCO	$2,057,000	+13.7%	64,853	+2.8%	0.49%	+13.3%
IYZ	Sell	ISHARESmutual funds -	$1,955,000	-4.0%	60,680	-0.8%	0.46%	-4.3%
IWO	Sell	ISHARESmutual funds -	$1,780,000	+5.3%	11,955	-2.9%	0.42%	+5.2%
XLRE	New	SECTOR SPDRmutual funds -	$1,772,000	–	54,068	–	0.42%	–
CL	Sell	COLGATE PALMOLIVE	$1,772,000	-7.3%	23,905	-8.5%	0.42%	-7.5%
IWD	Sell	ISHARESmutual funds -	$1,661,000	-3.0%	15,724	-5.2%	0.39%	-3.4%
IWN	Sell	ISHARESmutual funds -	$1,649,000	+6.5%	15,741	-1.1%	0.39%	+6.2%
SYY	Sell	SYSCO	$1,603,000	-9.4%	32,705	-6.2%	0.38%	-9.5%
ABT	Sell	ABBOTT	$1,401,000	+6.3%	33,139	-1.2%	0.33%	+6.1%
BCE	Sell	BCEforeign stock	$1,399,000	-4.1%	30,296	-1.7%	0.33%	-4.3%
ADP	Sell	AUTOMATIC DATA PROCESSING	$1,378,000	-7.0%	15,618	-3.1%	0.33%	-7.4%
WFC	Sell	WELLS	$1,297,000	-74.5%	29,295	-72.8%	0.31%	-74.6%
XLY	Sell	SECTOR SPDRmutual funds -	$1,265,000	-2.7%	15,813	-5.0%	0.30%	-2.9%
PSX	Sell	PHILLIPS	$1,039,000	-1.7%	12,900	-3.1%	0.25%	-2.0%
WBA	Sell	WALGREENS	$986,000	-3.5%	12,231	-0.4%	0.23%	-3.7%
DHR	Sell	DANAHER	$917,000	-57.8%	11,688	-45.6%	0.22%	-57.9%
AMAT	Sell	APPLIED	$867,000	+23.0%	28,720	-2.4%	0.20%	+22.8%
MO	Sell	ALTRIA	$849,000	-10.3%	13,425	-2.2%	0.20%	-10.7%
XLV	Buy	SECTOR SPDRmutual funds -	$724,000	+241.5%	10,041	+239.8%	0.17%	+242.0%
DOW	Sell	DOW	$680,000	+4.1%	13,112	-0.2%	0.16%	+3.9%
IVV	Sell	ISHARESmutual funds -	$674,000	-5.9%	3,100	-8.9%	0.16%	-5.9%
PM	Sell	PHILIP	$647,000	-12.4%	6,652	-8.4%	0.15%	-12.6%
GOOGL	Sell	ALPHABET	$576,000	+9.7%	717	-3.9%	0.14%	+8.8%
ZBH	Sell	ZIMMER	$550,000	+0.4%	4,230	-7.0%	0.13%	0.0%
J	Sell	JACOBS ENGINEERING GROUP INC	$543,000	-17.5%	10,495	-20.5%	0.13%	-17.3%
IGSB	Sell	ISHARESmutual funds -	$492,000	-9.9%	4,650	-9.7%	0.12%	-10.0%
AXP	Sell	AMERICAN	$474,000	-3.5%	7,404	-8.3%	0.11%	-4.3%
F	Sell	FORD	$463,000	-16.3%	38,333	-12.9%	0.11%	-16.0%
DBEF	New	DEUTSCHEmutual funds -	$429,000	–	16,260	–	0.10%	–
XLI	New	SECTOR SPDRmutual funds -	$370,000	–	6,333	–	0.09%	–
NEE	Sell	NEXTERA	$363,000	-17.5%	2,968	-12.1%	0.09%	-17.3%
VXF	Buy	VANGUARDmutual funds -	$357,000	+13.0%	3,908	+5.6%	0.08%	+13.3%
EEM	Sell	ISHARESmutual funds -	$357,000	-27.1%	9,509	-33.3%	0.08%	-26.7%
BP	Sell	B P AMOCO PLC SPONS ADRforeign stock	$357,000	-8.7%	10,145	-7.9%	0.08%	-8.6%
QQQ	Buy	POWERSHARESmutual funds -	$347,000	+62.9%	2,918	+47.6%	0.08%	+60.8%
COST	Sell	COSTCO	$334,000	-19.1%	2,191	-16.7%	0.08%	-19.4%
DE	Sell	DEERE & CO	$321,000	-5.9%	3,761	-10.6%	0.08%	-6.2%
COP	Sell	CONOCOPHILLIPS	$318,000	-16.3%	7,301	-16.3%	0.08%	-16.7%
PRU	Sell	PRUDENTIAL FINANCIAL INC	$298,000	+9.6%	3,652	-4.3%	0.07%	+9.2%
NSC	Sell	NORFOLK	$269,000	+12.1%	2,775	-1.6%	0.06%	+12.3%
PPL	Sell	PPL CORP	$254,000	-9.6%	7,356	-1.3%	0.06%	-10.4%
SU	Sell	SUNCORforeign stock	$239,000	0.0%	8,620	-0.2%	0.06%	0.0%
XLE	New	SECTOR SPDRmutual funds -	$231,000	–	3,276	–	0.06%	–
CAT	New	CATERPILLAR	$231,000	–	2,600	–	0.06%	–
SLB	Sell	SCHLUMBERGER LTDforeign stock	$221,000	-4.7%	2,818	-4.0%	0.05%	-5.5%
MET	Sell	METLIFE	$212,000	+5.0%	4,764	-5.8%	0.05%	+4.2%
VOD	Sell	VODAFONEforeign stock	$207,000	-12.3%	7,094	-7.3%	0.05%	-12.5%
CPB	Sell	CAMPBELL	$201,000	-65.8%	3,675	-58.4%	0.05%	-65.7%
NGG	Exit	NATIONALforeign stock	$0	–	-2,765	–	-0.05%	–
AEP	Exit	AMERICAN ELEC POWER	$0	–	-3,001	–	-0.05%	–
GIS	Exit	GENERAL	$0	–	-3,085	–	-0.05%	–
ESBK	Exit	ELMIRA SAVINGS BANK	$0	–	-13,091	–	-0.06%	–
TGNA	Exit	TEGNA	$0	–	-12,417	–	-0.07%	–
VWO	Exit	VANGUARDmutual funds -	$0	–	-18,980	–	-0.16%	–

Q2 2016

			Value		Shares		↓ Weighting
GE	New	GENERAL	$19,808,000	–	629,215	–	4.70%	–
XOM	New	EXXON	$18,318,000	–	195,412	–	4.35%	–
JNJ	New	JOHNSON	$17,908,000	–	147,628	–	4.25%	–
PG	New	PROCTER	$16,104,000	–	190,209	–	3.82%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$13,349,000	–	454,841	–	3.17%	–
KO	New	COCA-COLA	$12,976,000	–	286,265	–	3.08%	–
CVX	New	CHEVRON	$10,809,000	–	103,114	–	2.57%	–
WMT	New	WAL-MART	$10,557,000	–	144,587	–	2.51%	–
BMY	New	BRISTOL	$10,517,000	–	143,002	–	2.50%	–
XLK	New	SECTOR SPDRmutual funds -	$9,734,000	–	224,430	–	2.31%	–
PFE	New	PFIZER	$9,291,000	–	263,878	–	2.21%	–
JPM	New	JP	$8,636,000	–	138,980	–	2.05%	–
XLF	New	SECTOR SPDRmutual funds -	$8,623,000	–	377,292	–	2.05%	–
PEP	New	PEPSICO	$8,277,000	–	78,137	–	1.96%	–
UTX	New	UNITED	$8,172,000	–	79,683	–	1.94%	–
VZ	New	VERIZON	$8,148,000	–	145,919	–	1.94%	–
MSFT	New	MICROSOFT	$8,133,000	–	158,943	–	1.93%	–
GLW	New	CORNING	$8,068,000	–	393,992	–	1.92%	–
MRK	New	MERCK	$7,823,000	–	135,793	–	1.86%	–
BRKB	New	BERKSHIRE	$7,704,000	–	53,209	–	1.83%	–
IBM	New	INTERNATIONAL	$7,383,000	–	48,641	–	1.75%	–
V	New	VISA	$7,134,000	–	96,182	–	1.69%	–
MMM	New	3M CO	$6,809,000	–	38,884	–	1.62%	–
DIS	New	WALT	$6,745,000	–	68,960	–	1.60%	–
AAPL	New	APPLE	$6,641,000	–	69,469	–	1.58%	–
AMZN	New	AMAZON.COM INC	$6,574,000	–	9,187	–	1.56%	–
ADBE	New	ADOBE SYSTEMS INC	$6,468,000	–	67,528	–	1.54%	–
MCD	New	MCDONALDS CORP	$5,949,000	–	49,434	–	1.41%	–
DD	New	DUPONT	$5,727,000	–	88,391	–	1.36%	–
HD	New	HOME	$5,625,000	–	44,052	–	1.34%	–
TRV	New	THE	$5,135,000	–	43,136	–	1.22%	–
WFC	New	WELLS	$5,089,000	–	107,517	–	1.21%	–
IBB	New	ISHARESmutual funds -	$4,935,000	–	19,178	–	1.17%	–
SE	New	SPECTRA	$4,688,000	–	127,996	–	1.11%	–
EMR	New	EMERSON	$4,659,000	–	89,321	–	1.11%	–
GS	New	GOLDMAN	$4,599,000	–	30,958	–	1.09%	–
GOOG	New	ALPHABET	$4,585,000	–	6,624	–	1.09%	–
TXN	New	TEXAS	$4,429,000	–	70,679	–	1.05%	–
T	New	AT&T	$4,359,000	–	100,891	–	1.04%	–
QCOM	New	QUALCOMM	$4,168,000	–	77,818	–	0.99%	–
CNI	New	CANADIANforeign stock	$3,990,000	–	67,554	–	0.95%	–
ESRX	New	EXPRESS	$3,847,000	–	50,753	–	0.91%	–
AGN	New	ALLERGANforeign stock	$3,612,000	–	15,630	–	0.86%	–
INTC	New	INTEL	$3,522,000	–	107,378	–	0.84%	–
BA	New	BOEING	$3,362,000	–	25,888	–	0.80%	–
DUK	New	DUKE	$3,241,000	–	37,782	–	0.77%	–
SO	New	SOUTHERN COMPANY	$3,105,000	–	57,903	–	0.74%	–
D	New	DOMINION	$2,988,000	–	38,337	–	0.71%	–
SPMD	New	SPDRmutual funds -	$2,720,000	–	34,998	–	0.65%	–
PAYX	New	PAYCHEX INC	$2,654,000	–	44,608	–	0.63%	–
XLU	New	SECTOR SPDRmutual funds -	$2,382,000	–	45,391	–	0.57%	–
HON	New	HONEYWELL	$2,285,000	–	19,641	–	0.54%	–
ABBV	New	ABBVIE	$2,225,000	–	35,946	–	0.53%	–
DHR	New	DANAHER	$2,171,000	–	21,502	–	0.52%	–
BBT	New	BB&T	$2,139,000	–	60,067	–	0.51%	–
IYZ	New	ISHARESmutual funds -	$2,037,000	–	61,180	–	0.48%	–
CL	New	COLGATE PALMOLIVE	$1,912,000	–	26,119	–	0.45%	–
CSCO	New	CISCO	$1,809,000	–	63,066	–	0.43%	–
SYY	New	SYSCO	$1,769,000	–	34,867	–	0.42%	–
IWD	New	ISHARESmutual funds -	$1,712,000	–	16,584	–	0.41%	–
IWO	New	ISHARESmutual funds -	$1,690,000	–	12,316	–	0.40%	–
IWN	New	ISHARESmutual funds -	$1,548,000	–	15,909	–	0.37%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,481,000	–	16,119	–	0.35%	–
BCE	New	BCEforeign stock	$1,459,000	–	30,828	–	0.35%	–
ABT	New	ABBOTT	$1,318,000	–	33,527	–	0.31%	–
XLY	New	SECTOR SPDRmutual funds -	$1,300,000	–	16,653	–	0.31%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$1,094,000	–	8,399	–	0.26%	–
PSX	New	PHILLIPS	$1,057,000	–	13,316	–	0.25%	–
WBA	New	WALGREENS	$1,022,000	–	12,281	–	0.24%	–
TIP	New	ISHARESmutual funds -	$989,000	–	8,475	–	0.24%	–
AMGN	New	AMGEN	$950,000	–	6,246	–	0.23%	–
MO	New	ALTRIA	$947,000	–	13,725	–	0.22%	–
KHC	New	KRAFT	$901,000	–	10,192	–	0.21%	–
PM	New	PHILIP	$739,000	–	7,265	–	0.18%	–
IVV	New	ISHARESmutual funds -	$716,000	–	3,403	–	0.17%	–
AMAT	New	APPLIED	$705,000	–	29,420	–	0.17%	–
VWO	New	VANGUARDmutual funds -	$669,000	–	18,980	–	0.16%	–
J	New	JACOBS ENGINEERING GROUP INC	$658,000	–	13,195	–	0.16%	–
DOW	New	DOW	$653,000	–	13,142	–	0.16%	–
CPB	New	CAMPBELL	$588,000	–	8,836	–	0.14%	–
MTB	New	M&T BANK CORP	$580,000	–	4,908	–	0.14%	–
LLY	New	ELI	$552,000	–	7,011	–	0.13%	–
F	New	FORD	$553,000	–	43,993	–	0.13%	–
IGSB	New	ISHARESmutual funds -	$546,000	–	5,150	–	0.13%	–
ZBH	New	ZIMMER	$548,000	–	4,550	–	0.13%	–
GOOGL	New	ALPHABET	$525,000	–	746	–	0.12%	–
WY	New	WEYERHAEUSER CO	$527,000	–	17,696	–	0.12%	–
AXP	New	AMERICAN	$491,000	–	8,075	–	0.12%	–
EEM	New	ISHARESmutual funds -	$490,000	–	14,253	–	0.12%	–
GD	New	GENERAL	$458,000	–	3,291	–	0.11%	–
NEE	New	NEXTERA	$440,000	–	3,378	–	0.10%	–
KMB	New	KIMBERLY	$430,000	–	3,127	–	0.10%	–
COST	New	COSTCO	$413,000	–	2,629	–	0.10%	–
BP	New	B P AMOCO PLC SPONS ADRforeign stock	$391,000	–	11,014	–	0.09%	–
COP	New	CONOCOPHILLIPS	$380,000	–	8,721	–	0.09%	–
DE	New	DEERE & CO	$341,000	–	4,205	–	0.08%	–
VXF	New	VANGUARDmutual funds -	$316,000	–	3,700	–	0.08%	–
TGNA	New	TEGNA	$287,000	–	12,417	–	0.07%	–
PPL	New	PPL CORP	$281,000	–	7,456	–	0.07%	–
HOLX	New	HOLOGIC	$277,000	–	8,007	–	0.07%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$272,000	–	3,815	–	0.06%	–
TJX	New	TJX	$274,000	–	3,552	–	0.06%	–
XLP	New	SECTOR SPDRmutual funds -	$275,000	–	4,976	–	0.06%	–
ESBK	New	ELMIRA SAVINGS BANK	$257,000	–	13,091	–	0.06%	–
NSC	New	NORFOLK	$240,000	–	2,820	–	0.06%	–
SU	New	SUNCORforeign stock	$239,000	–	8,633	–	0.06%	–
VOD	New	VODAFONEforeign stock	$236,000	–	7,649	–	0.06%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$232,000	–	2,934	–	0.06%	–
GIS	New	GENERAL	$220,000	–	3,085	–	0.05%	–
NBTB	New	NBT BANCORP INC	$219,000	–	7,646	–	0.05%	–
QQQ	New	POWERSHARESmutual funds -	$213,000	–	1,977	–	0.05%	–
AEP	New	AMERICAN ELEC POWER	$210,000	–	3,001	–	0.05%	–
XLV	New	SECTOR SPDRmutual funds -	$212,000	–	2,955	–	0.05%	–
NGG	New	NATIONALforeign stock	$206,000	–	2,765	–	0.05%	–
UNP	New	UNION	$201,000	–	2,299	–	0.05%	–
MET	New	METLIFE	$202,000	–	5,057	–	0.05%	–

Q4 2015

			Value		Shares		↓ Weighting
CY	Exit	CYPRESS SEMICONDUCTOR CORP	$0	–	-17,750	–	-0.04%	–
TGT	Exit	TARGET	$0	–	-2,575	–	-0.05%	–
GCI	Exit	GANNETT	$0	–	-13,928	–	-0.05%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-7,646	–	-0.05%	–
UNP	Exit	UNION	$0	–	-2,390	–	-0.05%	–
DVN	Exit	DEVON ENERGY CORP	$0	–	-5,684	–	-0.05%	–
NGG	Exit	NATIONALforeign stock	$0	–	-3,065	–	-0.05%	–
GSK	Exit	GLAXOSMITHKLINEforeign stock	$0	–	-5,816	–	-0.05%	–
GIS	Exit	GENERAL	$0	–	-4,155	–	-0.06%	–
SU	Exit	SUNCORforeign stock	$0	–	-9,003	–	-0.06%	–
NKE	Exit	NIKE INC CL B	$0	–	-2,000	–	-0.06%	–
TJX	Exit	TJX	$0	–	-3,572	–	-0.06%	–
RAI	Exit	REYNOLDS	$0	–	-5,884	–	-0.06%	–
QQQ	Exit	POWERSHARESmutual funds -	$0	–	-2,640	–	-0.06%	–
MDT	Exit	MEDTRONICforeign stock	$0	–	-4,106	–	-0.07%	–
PPL	Exit	PPL CORP	$0	–	-8,433	–	-0.07%	–
MDLZ	Exit	MONDELEZ	$0	–	-6,824	–	-0.07%	–
ESBK	Exit	ELMIRA SAVINGS BANK	$0	–	-17,006	–	-0.08%	–
NSC	Exit	NORFOLK	$0	–	-4,295	–	-0.08%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-5,866	–	-0.09%	–
GOOGL	Exit	GOOGLE	$0	–	-578	–	-0.09%	–
KMB	Exit	KIMBERLY	$0	–	-3,527	–	-0.09%	–
EBAY	Exit	EBAY	$0	–	-15,852	–	-0.09%	–
BAC	Exit	BANK	$0	–	-25,261	–	-0.10%	–
NEE	Exit	NEXTERA	$0	–	-4,288	–	-0.10%	–
CSX	Exit	CSX CORPORATION	$0	–	-16,990	–	-0.11%	–
UAA	Exit	UNDER	$0	–	-4,739	–	-0.11%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-12,377	–	-0.11%	–
TWX	Exit	TIME	$0	–	-7,907	–	-0.13%	–
DE	Exit	DEERE & CO	$0	–	-8,307	–	-0.15%	–
AGN	Exit	ALLERGANforeign stock	$0	–	-2,321	–	-0.15%	–
COST	Exit	COSTCO	$0	–	-4,414	–	-0.16%	–
VWO	Exit	VANGUARDmutual funds -	$0	–	-20,204	–	-0.16%	–
AXP	Exit	AMERICAN	$0	–	-9,331	–	-0.17%	–
SYY	Exit	SYSCO	$0	–	-17,887	–	-0.17%	–
DOW	Exit	DOW	$0	–	-17,153	–	-0.18%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-15,423	–	-0.18%	–
ZBH	Exit	ZIMMER	$0	–	-8,121	–	-0.19%	–
NUE	Exit	NUCOR	$0	–	-20,622	–	-0.19%	–
GD	Exit	GENERAL DYNAMICS	$0	–	-5,634	–	-0.19%	–
MO	Exit	ALTRIA	$0	–	-14,693	–	-0.19%	–
PM	Exit	PHILIP	$0	–	-10,131	–	-0.20%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-8,439	–	-0.22%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-13,627	–	-0.23%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-12,665	–	-0.24%	–
TGNA	Exit	TEGNA	$0	–	-44,491	–	-0.24%	–
ADM	Exit	ARCHER	$0	–	-24,149	–	-0.24%	–
BCE	Exit	BCEforeign stock	$0	–	-25,443	–	-0.25%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-28,172	–	-0.27%	–
KHC	Exit	KRAFT	$0	–	-16,447	–	-0.28%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-6,145	–	-0.29%	–
CAT	Exit	CATERPILLAR	$0	–	-18,190	–	-0.29%	–
PSX	Exit	PHILLIPS	$0	–	-16,768	–	-0.31%	–
NOV	Exit	NATIONAL	$0	–	-34,134	–	-0.31%	–
X	Exit	UNITED STATES STEEL CORP	$0	–	-128,905	–	-0.33%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-17,354	–	-0.34%	–
TIP	Exit	ISHARESmutual funds -	$0	–	-12,689	–	-0.34%	–
WFM	Exit	WHOLE FOODS MARKET INC	$0	–	-45,490	–	-0.35%	–
HON	Exit	HONEYWELL	$0	–	-15,492	–	-0.36%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-16,343	–	-0.36%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-33,113	–	-0.36%	–
TRV	Exit	THE	$0	–	-14,986	–	-0.36%	–
QCOM	Exit	QUALCOMM INC	$0	–	-28,023	–	-0.37%	–
DUK	Exit	DUKE	$0	–	-25,934	–	-0.45%	–
BRKB	Exit	BERKSHIRE	$0	–	-14,656	–	-0.46%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-14,651	–	-0.48%	–
EEM	Exit	ISHARESmutual funds -	$0	–	-60,722	–	-0.48%	–
IYZ	Exit	ISHARESmutual funds -	$0	–	-75,312	–	-0.50%	–
XLU	Exit	SECTOR SPDRmutual funds -	$0	–	-47,306	–	-0.50%	–
TXN	Exit	TEXAS	$0	–	-43,183	–	-0.52%	–
PPG	Exit	PPG	$0	–	-24,705	–	-0.53%	–
KYN	Exit	KAYNEmutual funds -	$0	–	-93,983	–	-0.53%	–
DD	Exit	DUPONT	$0	–	-49,111	–	-0.58%	–
JCI	Exit	JOHNSON	$0	–	-59,692	–	-0.60%	–
DHR	Exit	DANAHER	$0	–	-29,675	–	-0.62%	–
LLY	Exit	ELI	$0	–	-31,757	–	-0.65%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-34,998	–	-0.65%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-36,522	–	-0.68%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-194,015	–	-0.69%	–
MET	Exit	METLIFE	$0	–	-61,275	–	-0.70%	–
CXP	Exit	COLUMBIA	$0	–	-124,526	–	-0.70%	–
CNI	Exit	CANADIANforeign stock	$0	–	-52,159	–	-0.72%	–
WBA	Exit	WALGREENS	$0	–	-37,451	–	-0.76%	–
DIS	Exit	WALT	$0	–	-31,157	–	-0.78%	–
AMGN	Exit	AMGEN	$0	–	-23,075	–	-0.78%	–
XLF	Exit	SECTOR SPDRmutual funds -	$0	–	-141,361	–	-0.78%	–
CPB	Exit	CAMPBELL	$0	–	-63,699	–	-0.78%	–
GOOG	Exit	GOOGLE	$0	–	-5,304	–	-0.78%	–
PAYX	Exit	PAYCHEX INC	$0	–	-69,103	–	-0.80%	–
EMR	Exit	EMERSON	$0	–	-79,596	–	-0.86%	–
MSFT	Exit	MICROSOFT	$0	–	-86,302	–	-0.93%	–
D	Exit	DOMINION	$0	–	-54,292	–	-0.93%	–
MMM	Exit	3M CO	$0	–	-27,328	–	-0.94%	–
HOLX	Exit	HOLOGIC	$0	–	-101,177	–	-0.96%	–
BP	Exit	B P AMOCO PLC SPONS ADRforeign stock	$0	–	-133,407	–	-0.99%	–
WMT	Exit	WAL-MART	$0	–	-63,602	–	-1.00%	–
MTB	Exit	M&T BANK CORP	$0	–	-34,092	–	-1.01%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-65,512	–	-1.01%	–
INTC	Exit	INTEL	$0	–	-138,165	–	-1.01%	–
ABBV	Exit	ABBVIE	$0	–	-78,126	–	-1.03%	–
ABT	Exit	ABBOTT	$0	–	-109,933	–	-1.08%	–
BBT	Exit	BB&T	$0	–	-125,007	–	-1.08%	–
GS	Exit	GOLDMAN	$0	–	-26,900	–	-1.14%	–
VZ	Exit	VERIZON	$0	–	-107,983	–	-1.14%	–
DHI	Exit	DR HORTON INC	$0	–	-161,617	–	-1.15%	–
XLK	Exit	SECTOR SPDRmutual funds -	$0	–	-120,285	–	-1.16%	–
CVX	Exit	CHEVRON	$0	–	-61,333	–	-1.18%	–
T	Exit	AT&T	$0	–	-149,887	–	-1.19%	–
MRK	Exit	MERCK	$0	–	-102,608	–	-1.23%	–
MCD	Exit	MCDONALDS CORP	$0	–	-53,628	–	-1.29%	–
CSCO	Exit	CISCO	$0	–	-206,700	–	-1.32%	–
HD	Exit	HOME	$0	–	-50,854	–	-1.43%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-74,721	–	-1.50%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-180,545	–	-1.50%	–
BMY	Exit	BRISTOL	$0	–	-112,676	–	-1.62%	–
UTX	Exit	UNITED	$0	–	-75,687	–	-1.64%	–
WFC	Exit	WELLS	$0	–	-153,143	–	-1.91%	–
AKAM	Exit	AKAMAI	$0	–	-115,779	–	-1.94%	–
KO	Exit	COCA-COLA	$0	–	-211,086	–	-2.06%	–
IBM	Exit	INTERNATIONAL	$0	–	-62,188	–	-2.19%	–
BA	Exit	BOEING	$0	–	-70,062	–	-2.23%	–
F	Exit	FORD	$0	–	-686,707	–	-2.27%	–
PG	Exit	PROCTER	$0	–	-130,419	–	-2.28%	–
JPM	Exit	JP	$0	–	-154,423	–	-2.29%	–
AAPL	Exit	APPLE	$0	–	-89,919	–	-2.41%	–
PEP	Exit	PEPSICO	$0	–	-108,836	–	-2.50%	–
GLW	Exit	CORNING	$0	–	-601,298	–	-2.50%	–
PFE	Exit	PFIZER	$0	–	-352,182	–	-2.69%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-171,723	–	-3.11%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-477,475	–	-3.26%	–
JNJ	Exit	JOHNSON	$0	–	-160,544	–	-3.65%	–
GE	Exit	GENERAL	$0	–	-668,531	–	-4.10%	–

Q3 2015

			Value		Shares		↓ Weighting
GE	Sell	GENERAL	$16,860,000	-7.0%	668,531	-2.1%	4.10%	+3.2%
JNJ	Sell	JOHNSON	$14,987,000	-6.3%	160,544	-2.2%	3.65%	+4.0%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$13,383,000	+5.2%	477,475	-0.6%	3.26%	+16.8%
XOM	Sell	EXXON MOBIL CORP	$12,767,000	-11.6%	171,723	-1.0%	3.11%	-1.8%
PFE	Sell	PFIZER	$11,062,000	-8.6%	352,182	-2.4%	2.69%	+1.5%
GLW	Buy	CORNING	$10,294,000	-12.8%	601,298	+0.5%	2.50%	-3.1%
PEP	Sell	PEPSICO	$10,264,000	-0.5%	108,836	-1.5%	2.50%	+10.4%
AAPL	Sell	APPLE	$9,918,000	-12.4%	89,919	-0.3%	2.41%	-2.7%
JPM	Buy	JP	$9,416,000	-2.3%	154,423	+8.6%	2.29%	+8.5%
PG	Sell	PROCTER	$9,382,000	-9.7%	130,419	-1.8%	2.28%	+0.3%
F	Sell	FORD	$9,319,000	-11.5%	686,707	-2.1%	2.27%	-1.7%
BA	Sell	BOEING	$9,174,000	-16.6%	70,062	-11.6%	2.23%	-7.4%
IBM	Sell	INTERNATIONAL	$9,015,000	-12.1%	62,188	-1.3%	2.19%	-2.4%
KO	Sell	COCA-COLA	$8,468,000	+0.8%	211,086	-1.5%	2.06%	+11.9%
AKAM	Buy	AKAMAI	$7,996,000	-0.6%	115,779	+0.5%	1.94%	+10.3%
WFC	Sell	WELLS	$7,864,000	-12.1%	153,143	-3.7%	1.91%	-2.4%
UTX	Sell	UNITED	$6,735,000	-23.3%	75,687	-4.3%	1.64%	-14.8%
BMY	Sell	BRISTOL	$6,670,000	-13.2%	112,676	-2.4%	1.62%	-3.6%
TOL	Sell	TOLL BROTHERS INC	$6,182,000	-13.2%	180,545	-3.2%	1.50%	-3.6%
ADBE	Sell	ADOBE SYSTEMS INC	$6,143,000	-0.4%	74,721	-1.9%	1.50%	+10.7%
HD	Sell	HOME	$5,873,000	-0.2%	50,854	-4.0%	1.43%	+10.8%
CSCO	Sell	CISCO	$5,426,000	-5.9%	206,700	-1.5%	1.32%	+4.5%
MCD	Buy	MCDONALDS CORP	$5,284,000	+5.0%	53,628	+1.3%	1.29%	+16.6%
MRK	Sell	MERCK	$5,068,000	-14.6%	102,608	-1.6%	1.23%	-5.2%
T	Buy	AT&T	$4,883,000	-8.0%	149,887	+0.3%	1.19%	+2.2%
CVX	Sell	CHEVRON	$4,838,000	-19.2%	61,333	-1.2%	1.18%	-10.3%
XLK	Sell	SECTOR SPDRmutual funds -	$4,751,000	-6.5%	120,285	-2.0%	1.16%	+3.9%
DHI	Sell	DR HORTON INC	$4,745,000	+0.5%	161,617	-6.3%	1.15%	+11.6%
VZ	Sell	VERIZON	$4,698,000	-7.1%	107,983	-0.4%	1.14%	+3.2%
GS	Buy	GOLDMAN	$4,674,000	-6.2%	26,900	+12.7%	1.14%	+4.1%
BBT	Sell	BB&T	$4,451,000	-14.1%	125,007	-2.7%	1.08%	-4.6%
ABT	Sell	ABBOTT	$4,421,000	-19.5%	109,933	-1.7%	1.08%	-10.6%
ABBV	Buy	ABBVIE	$4,251,000	+25.3%	78,126	+54.7%	1.03%	+39.0%
INTC	Sell	INTEL	$4,164,000	-2.0%	138,165	-1.1%	1.01%	+8.8%
MTB	Sell	M&T BANK CORP	$4,157,000	-5.4%	34,092	-3.1%	1.01%	+5.0%
CL	Sell	COLGATE PALMOLIVE	$4,157,000	-5.8%	65,512	-2.9%	1.01%	+4.6%
WMT	Buy	WAL-MART	$4,124,000	+25.2%	63,602	+37.0%	1.00%	+38.9%
BP	Buy	B P AMOCO PLC SPONS ADRforeign stock	$4,077,000	-19.5%	133,407	+5.3%	0.99%	-10.6%
HOLX	Buy	HOLOGIC	$3,959,000	+6.6%	101,177	+3.7%	0.96%	+18.3%
MMM	Sell	3M CO	$3,874,000	-12.5%	27,328	-4.8%	0.94%	-2.8%
MSFT	Sell	MICROSOFT	$3,819,000	-0.3%	86,302	-0.5%	0.93%	+10.7%
D	Sell	DOMINION	$3,820,000	+4.4%	54,292	-0.7%	0.93%	+16.0%
EMR	Sell	EMERSON	$3,516,000	-29.2%	79,596	-11.2%	0.86%	-21.4%
PAYX	Sell	PAYCHEX INC	$3,291,000	-2.8%	69,103	-4.3%	0.80%	+8.0%
CPB	Buy	CAMPBELL	$3,228,000	+237.3%	63,699	+217.1%	0.78%	+273.8%
GOOG	Buy	GOOGLE	$3,228,000	+32.8%	5,304	+13.6%	0.78%	+47.6%
XLF	Sell	SECTOR SPDRmutual funds -	$3,204,000	-7.8%	141,361	-0.8%	0.78%	+2.5%
AMGN	Buy	AMGEN	$3,192,000	+405.1%	23,075	+460.6%	0.78%	+463.0%
DIS	Sell	WALT	$3,185,000	-18.2%	31,157	-8.6%	0.78%	-9.1%
WBA	Sell	WALGREENS	$3,112,000	-6.8%	37,451	-5.3%	0.76%	+3.6%
CNI	Sell	CANADIANforeign stock	$2,960,000	-3.0%	52,159	-1.3%	0.72%	+7.6%
MET	Buy	METLIFE	$2,889,000	+578.2%	61,275	+706.2%	0.70%	+655.9%
CXP	Sell	COLUMBIA	$2,890,000	-10.6%	124,526	-5.4%	0.70%	-0.8%
AMAT	Sell	APPLIED MATERIALS INC	$2,850,000	-26.0%	194,015	-3.2%	0.69%	-17.9%
PRU	Buy	PRUDENTIAL FINANCIAL INC	$2,783,000	+483.4%	36,522	+570.1%	0.68%	+544.8%
LLY	Buy	ELI	$2,657,000	+248.7%	31,757	+247.9%	0.65%	+286.8%
DHR	Buy	DANAHER	$2,529,000	+3.4%	29,675	+3.8%	0.62%	+14.7%
JCI	Buy	JOHNSON	$2,468,000	-14.5%	59,692	+2.5%	0.60%	-5.1%
DD	Sell	DUPONT	$2,367,000	-61.6%	49,111	-49.0%	0.58%	-57.4%
KYN	Sell	KAYNEmutual funds -	$2,178,000	-35.4%	93,983	-14.4%	0.53%	-28.3%
PPG	Buy	PPG	$2,166,000	-3.6%	24,705	+26.1%	0.53%	+6.9%
TXN	Sell	TEXAS	$2,139,000	-49.2%	43,183	-47.2%	0.52%	-43.6%
EEM	Sell	ISHARESmutual funds -	$1,991,000	-24.2%	60,722	-8.5%	0.48%	-16.0%
BRKB	Sell	BERKSHIRE	$1,911,000	-12.6%	14,656	-8.7%	0.46%	-2.9%
DUK	Sell	DUKE	$1,866,000	+1.6%	25,934	-0.3%	0.45%	+12.7%
QCOM	Sell	QUALCOMM INC	$1,506,000	-17.0%	28,023	-3.3%	0.37%	-8.0%
TRV	Sell	THE	$1,491,000	-56.2%	14,986	-57.5%	0.36%	-51.4%
SO	Buy	SOUTHERN COMPANY	$1,480,000	+9.0%	33,113	+2.2%	0.36%	+20.8%
HON	Sell	HONEYWELL	$1,467,000	-13.2%	15,492	-6.6%	0.36%	-3.8%
WFM	Sell	WHOLE FOODS MARKET INC	$1,440,000	-63.2%	45,490	-54.1%	0.35%	-59.1%
TIP	Sell	ISHARESmutual funds -	$1,404,000	-23.7%	12,689	-22.7%	0.34%	-15.1%
ADP	Sell	AUTOMATIC DATA PROCESSING	$1,394,000	-4.3%	17,354	-4.4%	0.34%	+6.3%
X	Sell	UNITED STATES STEEL CORP	$1,343,000	-64.1%	128,905	-28.9%	0.33%	-60.1%
PSX	Sell	PHILLIPS	$1,288,000	-5.4%	16,768	-0.7%	0.31%	+5.0%
NOV	Sell	NATIONAL	$1,285,000	-32.8%	34,134	-13.8%	0.31%	-25.3%
CAT	Sell	CATERPILLAR	$1,189,000	-25.4%	18,190	-3.2%	0.29%	-17.2%
IVV	Sell	ISHARESmutual funds -	$1,184,000	-8.9%	6,145	-2.0%	0.29%	+1.1%
KHC	New	KRAFT	$1,161,000	–	16,447	–	0.28%	–
PCL	Sell	PLUM CREEK TIMBER CO INC	$1,113,000	-2.8%	28,172	-0.2%	0.27%	+8.0%
BCE	Buy	BCEforeign stock	$1,042,000	-0.5%	25,443	+3.2%	0.25%	+10.9%
ADM	Sell	ARCHER	$1,001,000	-17.7%	24,149	-4.3%	0.24%	-8.6%
TGNA	Buy	TEGNA	$996,000	+162.8%	44,491	+276.4%	0.24%	+191.6%
CAH	Sell	CARDINAL HEALTH INC	$973,000	-68.6%	12,665	-65.8%	0.24%	-65.1%
SLB	Sell	SCHLUMBERGER LTDforeign stock	$940,000	-22.6%	13,627	-3.4%	0.23%	-13.9%
PM	Buy	PHILIP	$804,000	+0.1%	10,131	+1.2%	0.20%	+11.4%
MO	Sell	ALTRIA	$799,000	+8.9%	14,693	-2.1%	0.19%	+20.5%
GD	Buy	GENERAL DYNAMICS	$777,000	+2.4%	5,634	+5.2%	0.19%	+13.9%
NUE	Sell	NUCOR	$774,000	-20.0%	20,622	-6.2%	0.19%	-11.3%
ZBH	Buy	ZIMMER	$763,000	-9.7%	8,121	+5.0%	0.19%	+0.5%
COP	Sell	CONOCOPHILLIPS	$740,000	-25.5%	15,423	-4.6%	0.18%	-17.4%
DOW	Sell	DOW	$727,000	-30.6%	17,153	-16.1%	0.18%	-22.7%
SYY	Buy	SYSCO	$697,000	+12.8%	17,887	+4.4%	0.17%	+25.9%
AXP	Sell	AMERICAN	$691,000	-9.4%	9,331	-4.9%	0.17%	+0.6%
VWO	Sell	VANGUARDmutual funds -	$669,000	-19.4%	20,204	-0.5%	0.16%	-10.4%
COST	Buy	COSTCO	$638,000	+11.7%	4,414	+4.5%	0.16%	+24.0%
AGN	Buy	ALLERGANforeign stock	$631,000	-8.3%	2,321	+2.5%	0.15%	+2.0%
DE	Buy	DEERE & CO	$615,000	+27.6%	8,307	+67.3%	0.15%	+41.5%
TWX	Sell	TIME	$544,000	-30.3%	7,907	-11.5%	0.13%	-22.8%
J	Sell	JACOBS ENGINEERING GROUP INC	$463,000	-84.4%	12,377	-83.1%	0.11%	-82.7%
UAA	Buy	UNDER	$458,000	+28.7%	4,739	+11.2%	0.11%	+42.3%
CSX	Buy	CSX CORPORATION	$457,000	-11.6%	16,990	+7.3%	0.11%	-1.8%
NEE	Sell	NEXTERA	$419,000	-7.3%	4,288	-7.0%	0.10%	+3.0%
BAC	Buy	BANK	$393,000	-6.9%	25,261	+1.7%	0.10%	+4.3%
EBAY	New	EBAY	$388,000	–	15,852	–	0.09%	–
KMB	Sell	KIMBERLY	$385,000	0.0%	3,527	-2.8%	0.09%	+11.9%
GOOGL	Sell	GOOGLE	$369,000	+12.2%	578	-4.9%	0.09%	+25.0%
NSC	Sell	NORFOLK	$328,000	-21.3%	4,295	-9.9%	0.08%	-12.1%
MDT	Sell	MEDTRONICforeign stock	$275,000	-30.0%	4,106	-22.6%	0.07%	-22.1%
QQQ	Sell	POWERSHARESmutual funds -	$268,000	-19.5%	2,640	-15.1%	0.06%	-11.0%
RAI	Buy	REYNOLDS	$260,000	+16.1%	5,884	+96.0%	0.06%	+28.6%
NKE	New	NIKE INC CL B	$246,000	–	2,000	–	0.06%	–
SU	Sell	SUNCORforeign stock	$241,000	-20.5%	9,003	-18.3%	0.06%	-10.6%
GSK	Buy	GLAXOSMITHKLINEforeign stock	$223,000	+4.2%	5,816	+13.1%	0.05%	+14.9%
NGG	New	NATIONALforeign stock	$213,000	–	3,065	–	0.05%	–
DVN	Sell	DEVON ENERGY CORP	$211,000	-59.2%	5,684	-34.6%	0.05%	-54.9%
UNP	Sell	UNION	$211,000	-24.9%	2,390	-18.8%	0.05%	-17.7%
GCI	Sell	GANNETT	$205,000	-49.4%	13,928	-51.9%	0.05%	-43.8%
TGT	Sell	TARGET	$203,000	-72.4%	2,575	-71.5%	0.05%	-69.6%
ENZ	Exit	ENZO BIOCHEM INC	$0	–	-13,838	–	-0.01%	–
DGX	Exit	QUEST	$0	–	-3,034	–	-0.05%	–
DOV	Exit	DOVER	$0	–	-3,085	–	-0.05%	–
SE	Exit	SPECTRA	$0	–	-8,545	–	-0.06%	–
KRFT	Exit	KRAFT	$0	–	-16,855	–	-0.31%	–
GCI	Exit	GANNETT	$0	–	-46,028	–	-0.38%	–
YHOO	Exit	YAHOO! INC	$0	–	-76,880	–	-0.66%	–

Q2 2015

			Value		Shares		↓ Weighting
GE	New	GENERAL	$18,135,000	–	682,557	–	3.97%	–
JNJ	New	JOHNSON	$16,003,000	–	164,200	–	3.51%	–
XOM	New	EXXON MOBIL CORP	$14,437,000	–	173,515	–	3.16%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$12,722,000	–	480,468	–	2.79%	–
PFE	New	PFIZER	$12,101,000	–	360,894	–	2.65%	–
GLW	New	CORNING	$11,800,000	–	598,087	–	2.58%	–
AAPL	New	APPLE	$11,316,000	–	90,219	–	2.48%	–
BA	New	BOEING	$10,998,000	–	79,283	–	2.41%	–
F	New	FORD	$10,530,000	–	701,498	–	2.31%	–
PG	New	PROCTER	$10,386,000	–	132,748	–	2.28%	–
PEP	New	PEPSICO	$10,317,000	–	110,528	–	2.26%	–
IBM	New	INTERNATIONAL	$10,251,000	–	63,023	–	2.25%	–
JPM	New	JP	$9,634,000	–	142,177	–	2.11%	–
WFC	New	WELLS	$8,944,000	–	159,022	–	1.96%	–
UTX	New	UNITED	$8,776,000	–	79,111	–	1.92%	–
KO	New	COCA-COLA	$8,404,000	–	214,230	–	1.84%	–
AKAM	New	AKAMAI	$8,046,000	–	115,244	–	1.76%	–
BMY	New	BRISTOL	$7,680,000	–	115,413	–	1.68%	–
TOL	New	TOLL BROTHERS INC	$7,122,000	–	186,485	–	1.56%	–
DD	New	DUPONT	$6,164,000	–	96,389	–	1.35%	–
ADBE	New	ADOBE SYSTEMS INC	$6,167,000	–	76,134	–	1.35%	–
CVX	New	CHEVRON	$5,990,000	–	62,092	–	1.31%	–
MRK	New	MERCK	$5,936,000	–	104,267	–	1.30%	–
HD	New	HOME	$5,887,000	–	52,971	–	1.29%	–
CSCO	New	CISCO	$5,764,000	–	209,898	–	1.26%	–
ABT	New	ABBOTT	$5,489,000	–	111,829	–	1.20%	–
T	New	AT&T	$5,305,000	–	149,367	–	1.16%	–
BBT	New	BB&T	$5,180,000	–	128,512	–	1.14%	–
XLK	New	SECTOR SPDRmutual funds -	$5,080,000	–	122,705	–	1.11%	–
BP	New	B P AMOCO PLC SPONS ADRforeign stock	$5,065,000	–	126,737	–	1.11%	–
VZ	New	VERIZON	$5,056,000	–	108,469	–	1.11%	–
MCD	New	MCDONALDS CORP	$5,033,000	–	52,938	–	1.10%	–
GS	New	GOLDMAN	$4,985,000	–	23,873	–	1.09%	–
EMR	New	EMERSON	$4,967,000	–	89,600	–	1.09%	–
DHI	New	DR HORTON INC	$4,720,000	–	172,498	–	1.03%	–
MMM	New	3M CO	$4,428,000	–	28,701	–	0.97%	–
CL	New	COLGATE PALMOLIVE	$4,414,000	–	67,489	–	0.97%	–
MTB	New	M&T BANK CORP	$4,396,000	–	35,189	–	0.96%	–
INTC	New	INTEL	$4,248,000	–	139,665	–	0.93%	–
TXN	New	TEXAS	$4,209,000	–	81,710	–	0.92%	–
WFM	New	WHOLE FOODS MARKET INC	$3,908,000	–	99,090	–	0.86%	–
DIS	New	WALT	$3,892,000	–	34,092	–	0.85%	–
AMAT	New	APPLIED MATERIALS INC	$3,851,000	–	200,355	–	0.84%	–
MSFT	New	MICROSOFT	$3,831,000	–	86,754	–	0.84%	–
X	New	UNITED STATES STEEL CORP	$3,741,000	–	181,424	–	0.82%	–
HOLX	New	HOLOGIC	$3,715,000	–	97,600	–	0.81%	–
D	New	DOMINION	$3,658,000	–	54,698	–	0.80%	–
XLF	New	SECTOR SPDRmutual funds -	$3,474,000	–	142,505	–	0.76%	–
TRV	New	THE	$3,408,000	–	35,258	–	0.75%	–
ABBV	New	ABBVIE	$3,394,000	–	50,517	–	0.74%	–
PAYX	New	PAYCHEX INC	$3,386,000	–	72,222	–	0.74%	–
KYN	New	KAYNEmutual funds -	$3,371,000	–	109,856	–	0.74%	–
WBA	New	WALGREENS	$3,338,000	–	39,530	–	0.73%	–
WMT	New	WAL-MART	$3,293,000	–	46,427	–	0.72%	–
CXP	New	COLUMBIA	$3,234,000	–	131,689	–	0.71%	–
CAH	New	CARDINAL HEALTH INC	$3,102,000	–	37,085	–	0.68%	–
CNI	New	CANADIANforeign stock	$3,053,000	–	52,859	–	0.67%	–
SPMD	New	SPDRmutual funds -	$3,052,000	–	34,998	–	0.67%	–
YHOO	New	YAHOO! INC	$3,021,000	–	76,880	–	0.66%	–
J	New	JACOBS ENGINEERING GROUP INC	$2,977,000	–	73,287	–	0.65%	–
JCI	New	JOHNSON	$2,885,000	–	58,242	–	0.63%	–
EEM	New	ISHARESmutual funds -	$2,628,000	–	66,335	–	0.58%	–
DHR	New	DANAHER	$2,447,000	–	28,594	–	0.54%	–
GOOG	New	GOOGLE	$2,430,000	–	4,668	–	0.53%	–
IWO	New	ISHARESmutual funds -	$2,265,000	–	14,651	–	0.50%	–
PPG	New	PPG	$2,248,000	–	19,595	–	0.49%	–
IYZ	New	ISHARESmutual funds -	$2,205,000	–	75,312	–	0.48%	–
BRKB	New	BERKSHIRE	$2,186,000	–	16,060	–	0.48%	–
XLU	New	SECTOR SPDRmutual funds -	$1,961,000	–	47,306	–	0.43%	–
NOV	New	NATIONAL	$1,912,000	–	39,584	–	0.42%	–
DUK	New	DUKE	$1,837,000	–	26,016	–	0.40%	–
TIP	New	ISHARESmutual funds -	$1,840,000	–	16,420	–	0.40%	–
QCOM	New	QUALCOMM INC	$1,815,000	–	28,975	–	0.40%	–
GCI	New	GANNETT	$1,710,000	–	46,028	–	0.38%	–
HON	New	HONEYWELL	$1,691,000	–	16,582	–	0.37%	–
IWN	New	ISHARESmutual funds -	$1,667,000	–	16,343	–	0.36%	–
CAT	New	CATERPILLAR	$1,593,000	–	18,790	–	0.35%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,457,000	–	18,156	–	0.32%	–
KRFT	New	KRAFT	$1,435,000	–	16,855	–	0.31%	–
PSX	New	PHILLIPS	$1,361,000	–	16,892	–	0.30%	–
SO	New	SOUTHERN COMPANY	$1,358,000	–	32,413	–	0.30%	–
IVV	New	ISHARESmutual funds -	$1,300,000	–	6,270	–	0.28%	–
ADM	New	ARCHER	$1,217,000	–	25,231	–	0.27%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$1,215,000	–	14,102	–	0.27%	–
PCL	New	PLUM CREEK TIMBER CO INC	$1,145,000	–	28,232	–	0.25%	–
BCE	New	BCEforeign stock	$1,047,000	–	24,643	–	0.23%	–
DOW	New	DOW	$1,047,000	–	20,453	–	0.23%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$1,023,000	–	8,439	–	0.22%	–
COP	New	CONOCOPHILLIPS	$993,000	–	16,163	–	0.22%	–
NUE	New	NUCOR	$968,000	–	21,974	–	0.21%	–
CPB	New	CAMPBELL	$957,000	–	20,085	–	0.21%	–
ZBH	New	ZIMMER	$845,000	–	7,737	–	0.18%	–
VWO	New	VANGUARDmutual funds -	$830,000	–	20,304	–	0.18%	–
PM	New	PHILIP	$803,000	–	10,011	–	0.18%	–
TWX	New	TIME	$781,000	–	8,938	–	0.17%	–
AXP	New	AMERICAN	$763,000	–	9,815	–	0.17%	–
LLY	New	ELI	$762,000	–	9,129	–	0.17%	–
GD	New	GENERAL DYNAMICS	$759,000	–	5,357	–	0.17%	–
TGT	New	TARGET	$736,000	–	9,020	–	0.16%	–
MO	New	ALTRIA	$734,000	–	15,005	–	0.16%	–
AGN	New	ALLERGANforeign stock	$688,000	–	2,265	–	0.15%	–
AMGN	New	AMGEN	$632,000	–	4,116	–	0.14%	–
SYY	New	SYSCO	$618,000	–	17,137	–	0.14%	–
COST	New	COSTCO	$571,000	–	4,224	–	0.12%	–
DVN	New	DEVON ENERGY CORP	$517,000	–	8,694	–	0.11%	–
CSX	New	CSX CORPORATION	$517,000	–	15,840	–	0.11%	–
DE	New	DEERE & CO	$482,000	–	4,965	–	0.11%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$477,000	–	5,450	–	0.10%	–
NEE	New	NEXTERA	$452,000	–	4,612	–	0.10%	–
STJ	New	ST JUDE MEDICAL INC	$429,000	–	5,866	–	0.09%	–
MET	New	METLIFE	$426,000	–	7,600	–	0.09%	–
BAC	New	BANK	$422,000	–	24,831	–	0.09%	–
NSC	New	NORFOLK	$417,000	–	4,766	–	0.09%	–
GCI	New	GANNETT	$405,000	–	28,932	–	0.09%	–
MDT	New	MEDTRONIC	$393,000	–	5,306	–	0.09%	–
KMB	New	KIMBERLY	$385,000	–	3,627	–	0.08%	–
TGNA	New	TEGNA	$379,000	–	11,820	–	0.08%	–
UAA	New	UNDER	$356,000	–	4,260	–	0.08%	–
ESBK	New	ELMIRA SAVINGS BANK	$342,000	–	17,006	–	0.08%	–
QQQ	New	POWERSHARESmutual funds -	$333,000	–	3,110	–	0.07%	–
GOOGL	New	GOOGLE	$329,000	–	608	–	0.07%	–
SU	New	SUNCORforeign stock	$303,000	–	11,023	–	0.07%	–
UNP	New	UNION	$281,000	–	2,945	–	0.06%	–
SE	New	SPECTRA	$279,000	–	8,545	–	0.06%	–
MDLZ	New	MONDELEZ	$280,000	–	6,824	–	0.06%	–
PPL	New	PPL CORP	$249,000	–	8,433	–	0.06%	–
TJX	New	TJX	$236,000	–	3,572	–	0.05%	–
GIS	New	GENERAL	$232,000	–	4,155	–	0.05%	–
RAI	New	REYNOLDS	$224,000	–	3,002	–	0.05%	–
DOV	New	DOVER	$217,000	–	3,085	–	0.05%	–
DGX	New	QUEST	$221,000	–	3,034	–	0.05%	–
GSK	New	GLAXOSMITHKLINEforeign stock	$214,000	–	5,143	–	0.05%	–
CY	New	CYPRESS SEMICONDUCTOR CORP	$209,000	–	17,750	–	0.05%	–
NBTB	New	NBT BANCORP INC	$200,000	–	7,646	–	0.04%	–
ENZ	New	ENZO BIOCHEM INC	$42,000	–	13,838	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
LPPI	Exit	LEEP	$0	–	-35,960	–	0.00%	–
GFIG	Exit	GFI	$0	–	-20,580	–	-0.02%	–
CY	Exit	CYPRESS SEMICONDUCTOR CORP	$0	–	-17,750	–	-0.04%	–
IYE	Exit	ISHARESmutual funds -	$0	–	-3,975	–	-0.04%	–
TJX	Exit	TJX	$0	–	-3,552	–	-0.04%	–
NGG	Exit	NATIONALforeign stock	$0	–	-3,048	–	-0.04%	–
PXD	Exit	PIONEER	$0	–	-1,106	–	-0.04%	–
AMP	Exit	AMERIPRISE	$0	–	-1,830	–	-0.05%	–
LOW	Exit	LOWES	$0	–	-4,424	–	-0.05%	–
APA	Exit	APACHE CORP	$0	–	-2,686	–	-0.05%	–
PPG	Exit	PPG	$0	–	-1,264	–	-0.05%	–
HAL	Exit	HALLIBURTON CO	$0	–	-4,087	–	-0.05%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-3,770	–	-0.05%	–
DOV	Exit	DOVER	$0	–	-3,305	–	-0.06%	–
PPL	Exit	PPL CORP	$0	–	-8,273	–	-0.06%	–
DE	Exit	DEERE & CO	$0	–	-3,530	–	-0.06%	–
MDT	Exit	MEDTRONIC	$0	–	-4,656	–	-0.06%	–
BCE	Exit	BCEforeign stock	$0	–	-6,933	–	-0.06%	–
HOLX	Exit	HOLOGIC	$0	–	-13,250	–	-0.07%	–
QQQ	Exit	POWERSHARESmutual funds -	$0	–	-3,440	–	-0.07%	–
EWH	Exit	ISHARESmutual funds -	$0	–	-16,980	–	-0.07%	–
GLD	Exit	SPDRmutual funds -	$0	–	-3,070	–	-0.07%	–
TEX	Exit	TEREX	$0	–	-12,235	–	-0.08%	–
NEE	Exit	NEXTERA	$0	–	-4,186	–	-0.08%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-6,566	–	-0.08%	–
HON	Exit	HONEYWELL	$0	–	-4,763	–	-0.09%	–
GOOGL	Exit	GOOGLE	$0	–	-770	–	-0.09%	–
TWX	Exit	TIME	$0	–	-6,076	–	-0.09%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-5,250	–	-0.10%	–
KMB	Exit	KIMBERLY	$0	–	-4,412	–	-0.10%	–
GOOG	Exit	GOOGLE	$0	–	-875	–	-0.10%	–
UNP	Exit	UNION	$0	–	-4,774	–	-0.11%	–
NSC	Exit	NORFOLK	$0	–	-4,615	–	-0.11%	–
SE	Exit	SPECTRA	$0	–	-13,290	–	-0.11%	–
TWC	Exit	TIME	$0	–	-3,961	–	-0.12%	–
TGT	Exit	TARGET	$0	–	-9,085	–	-0.12%	–
AMGN	Exit	AMGEN	$0	–	-4,141	–	-0.12%	–
PM	Exit	PHILIP	$0	–	-6,931	–	-0.12%	–
HPQ	Exit	HEWLETT-PACKARD	$0	–	-16,468	–	-0.12%	–
SYY	Exit	SYSCO	$0	–	-17,137	–	-0.14%	–
ESBK	Exit	ELMIRA SAVINGS BANK	$0	–	-29,666	–	-0.14%	–
LLY	Exit	ELI	$0	–	-10,268	–	-0.14%	–
DVN	Exit	DEVON ENERGY CORP	$0	–	-9,804	–	-0.14%	–
SIGM	Exit	SIGMA	$0	–	-157,140	–	-0.14%	–
GD	Exit	GENERAL DYNAMICS	$0	–	-5,660	–	-0.15%	–
MO	Exit	ALTRIA	$0	–	-16,740	–	-0.16%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-18,068	–	-0.16%	–
FCX	Exit	FREEPORT	$0	–	-24,595	–	-0.17%	–
VWO	Exit	VANGUARDmutual funds -	$0	–	-20,304	–	-0.18%	–
WAG	Exit	WALGREEN	$0	–	-14,562	–	-0.18%	–
KRFT	Exit	KRAFT	$0	–	-16,392	–	-0.19%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-9,304	–	-0.19%	–
COST	Exit	COSTCO	$0	–	-7,713	–	-0.20%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-4,929	–	-0.20%	–
CXP	Exit	COLUMBIA	$0	–	-42,830	–	-0.21%	–
BP	Exit	B P AMOCO PLC SPONS ADRforeign stock	$0	–	-23,728	–	-0.22%	–
ENZ	Exit	ENZO BIOCHEM INC	$0	–	-217,927	–	-0.23%	–
DOW	Exit	DOW	$0	–	-22,541	–	-0.24%	–
TXN	Exit	TEXAS	$0	–	-24,838	–	-0.24%	–
AGN	Exit	ALLERGAN INC	$0	–	-6,784	–	-0.25%	–
SU	Exit	SUNCORforeign stock	$0	–	-36,931	–	-0.28%	–
MET	Exit	METLIFE	$0	–	-25,226	–	-0.28%	–
ADM	Exit	ARCHER	$0	–	-27,881	–	-0.30%	–
CAT	Exit	CATERPILLAR	$0	–	-14,939	–	-0.31%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-18,076	–	-0.31%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-16,195	–	-0.31%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-20,369	–	-0.32%	–
PSX	Exit	PHILLIPS	$0	–	-19,186	–	-0.32%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-42,622	–	-0.34%	–
DUK	Exit	DUKE	$0	–	-24,848	–	-0.38%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-14,588	–	-0.39%	–
JCI	Exit	JOHNSON	$0	–	-42,934	–	-0.39%	–
XLU	Exit	SECTOR SPDRmutual funds -	$0	–	-47,306	–	-0.41%	–
TIP	Exit	ISHARESmutual funds -	$0	–	-18,510	–	-0.43%	–
EEM	Exit	ISHARESmutual funds -	$0	–	-50,603	–	-0.44%	–
AXP	Exit	AMERICAN	$0	–	-24,607	–	-0.45%	–
IYZ	Exit	ISHARESmutual funds -	$0	–	-75,412	–	-0.47%	–
DHR	Exit	DANAHER	$0	–	-30,731	–	-0.48%	–
NUE	Exit	NUCOR	$0	–	-43,497	–	-0.49%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-49,107	–	-0.50%	–
BRKB	Exit	BERKSHIRE	$0	–	-17,340	–	-0.50%	–
CVD	Exit	COVANCE INC	$0	–	-30,570	–	-0.50%	–
GCI	Exit	GANNETT	$0	–	-81,667	–	-0.50%	–
DIS	Exit	WALT	$0	–	-31,181	–	-0.57%	–
ABT	Exit	ABBOTT	$0	–	-68,072	–	-0.59%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-34,998	–	-0.60%	–
GS	Exit	GOLDMAN	$0	–	-16,438	–	-0.62%	–
XLF	Exit	SECTOR SPDRmutual funds -	$0	–	-149,827	–	-0.72%	–
WMT	Exit	WAL-MART	$0	–	-46,876	–	-0.74%	–
PAYX	Exit	PAYCHEX INC	$0	–	-82,285	–	-0.75%	–
DHI	Exit	DR HORTON INC	$0	–	-190,611	–	-0.81%	–
ABBV	Exit	ABBVIE	$0	–	-67,714	–	-0.81%	–
XLK	Exit	SECTOR SPDRmutual funds -	$0	–	-100,400	–	-0.83%	–
D	Exit	DOMINION	$0	–	-58,160	–	-0.83%	–
TRV	Exit	THE	$0	–	-43,720	–	-0.85%	–
MTB	Exit	M&T BANK CORP	$0	–	-35,999	–	-0.92%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-144,895	–	-0.93%	–
SDRL	Exit	SEADRILLforeign stock	$0	–	-169,692	–	-0.94%	–
MMM	Exit	3M CO	$0	–	-32,256	–	-0.94%	–
KYN	Exit	KAYNEmutual funds -	$0	–	-112,864	–	-0.95%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-46,786	–	-0.98%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-74,745	–	-1.01%	–
BBT	Exit	BB&T	$0	–	-132,930	–	-1.02%	–
CSCO	Exit	CISCO	$0	–	-205,970	–	-1.07%	–
X	Exit	UNITED STATES STEEL CORP	$0	–	-134,188	–	-1.09%	–
T	Exit	AT&T	$0	–	-152,199	–	-1.11%	–
VZ	Exit	VERIZON	$0	–	-110,130	–	-1.14%	–
MSFT	Exit	MICROSOFT	$0	–	-119,254	–	-1.14%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-275,925	–	-1.23%	–
BMY	Exit	BRISTOL	$0	–	-119,827	–	-1.27%	–
CNI	Exit	CANADIANforeign stock	$0	–	-88,540	–	-1.30%	–
MCD	Exit	MCDONALDS CORP	$0	–	-68,008	–	-1.33%	–
NOV	Exit	NATIONAL	$0	–	-85,794	–	-1.35%	–
BA	Exit	BOEING	$0	–	-51,450	–	-1.36%	–
MRK	Exit	MERCK	$0	–	-111,334	–	-1.36%	–
HD	Exit	HOME	$0	–	-72,033	–	-1.37%	–
AKAM	Exit	AKAMAI	$0	–	-119,555	–	-1.48%	–
QCOM	Exit	QUALCOMM INC	$0	–	-98,848	–	-1.53%	–
SNDK	Exit	SANDISK CORP	$0	–	-77,733	–	-1.58%	–
CVX	Exit	CHEVRON	$0	–	-66,760	–	-1.65%	–
DD	Exit	DUPONT	$0	–	-112,520	–	-1.67%	–
UTX	Exit	UNITED	$0	–	-79,166	–	-1.73%	–
AAPL	Exit	APPLE	$0	–	-84,603	–	-1.76%	–
INTC	Exit	INTEL	$0	–	-250,442	–	-1.80%	–
WFC	Exit	WELLS	$0	–	-168,305	–	-1.81%	–
F	Exit	FORD	$0	–	-594,717	–	-1.82%	–
EMR	Exit	EMERSON	$0	–	-153,936	–	-1.99%	–
JPM	Exit	JP	$0	–	-161,722	–	-2.02%	–
PEP	Exit	PEPSICO	$0	–	-116,914	–	-2.25%	–
KO	Exit	COCA-COLA	$0	–	-255,303	–	-2.25%	–
PFE	Exit	PFIZER	$0	–	-369,975	–	-2.26%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-489,984	–	-2.85%	–
GLW	Exit	CORNING	$0	–	-721,097	–	-2.88%	–
PG	Exit	PROCTER	$0	–	-171,885	–	-2.98%	–
IBM	Exit	INTERNATIONAL	$0	–	-81,167	–	-3.19%	–
GE	Exit	GENERAL	$0	–	-667,139	–	-3.54%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-202,735	–	-3.94%	–
JNJ	Exit	JOHNSON	$0	–	-211,983	–	-4.67%	–

Q3 2014

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON	$22,596,000	-3.1%	211,983	-4.9%	4.67%	+1.1%
XOM	Buy	EXXON MOBIL CORP	$19,067,000	-6.6%	202,735	+0.0%	3.94%	-2.5%
GE	Sell	GENERAL	$17,092,000	-2.6%	667,139	-0.1%	3.54%	+1.6%
IBM	Buy	INTERNATIONAL	$15,408,000	+4.8%	81,167	+0.1%	3.19%	+9.3%
PG	Sell	PROCTER	$14,393,000	+4.5%	171,885	-1.9%	2.98%	+9.0%
GLW	Sell	CORNING	$13,947,000	-23.1%	721,097	-12.7%	2.88%	-19.8%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$13,763,000	-12.5%	489,984	-8.0%	2.85%	-8.8%
PFE	Buy	PFIZER	$10,940,000	-0.1%	369,975	+0.2%	2.26%	+4.2%
KO	Buy	COCA-COLA	$10,892,000	+2.8%	255,303	+2.1%	2.25%	+7.2%
PEP	Sell	PEPSICO	$10,884,000	+1.2%	116,914	-2.9%	2.25%	+5.6%
JPM	Buy	JP	$9,742,000	+5.4%	161,722	+0.9%	2.02%	+10.0%
EMR	Sell	EMERSON	$9,634,000	-9.9%	153,936	-4.4%	1.99%	-6.0%
F	Buy	FORD	$8,796,000	-11.4%	594,717	+3.3%	1.82%	-7.6%
WFC	Buy	WELLS	$8,730,000	+1.2%	168,305	+2.5%	1.81%	+5.6%
INTC	Sell	INTEL	$8,721,000	+11.3%	250,442	-1.2%	1.80%	+16.1%
AAPL	Sell	APPLE	$8,523,000	-18.3%	84,603	-24.7%	1.76%	-14.8%
UTX	Sell	UNITED	$8,360,000	-11.6%	79,166	-3.3%	1.73%	-7.7%
DD	Sell	DUPONT	$8,074,000	+8.5%	112,520	-1.0%	1.67%	+13.2%
CVX	Sell	CHEVRON	$7,966,000	-9.3%	66,760	-0.8%	1.65%	-5.3%
SNDK	Sell	SANDISK CORP	$7,614,000	-18.3%	77,733	-12.9%	1.58%	-14.8%
QCOM	Sell	QUALCOMM INC	$7,391,000	-8.6%	98,848	-3.2%	1.53%	-4.7%
AKAM	Buy	AKAMAI	$7,149,000	+13.8%	119,555	+16.2%	1.48%	+18.8%
HD	Buy	HOME	$6,608,000	+13.6%	72,033	+0.3%	1.37%	+18.6%
MRK	Sell	MERCK	$6,600,000	+1.9%	111,334	-0.5%	1.36%	+6.3%
BA	Buy	BOEING	$6,553,000	+27.2%	51,450	+27.0%	1.36%	+32.6%
NOV	Sell	NATIONAL	$6,528,000	-9.3%	85,794	-1.8%	1.35%	-5.4%
MCD	Buy	MCDONALDS CORP	$6,448,000	-3.5%	68,008	+2.6%	1.33%	+0.7%
CNI	Sell	CANADIANforeign stock	$6,283,000	+6.6%	88,540	-2.3%	1.30%	+11.3%
BMY	Sell	BRISTOL	$6,132,000	+4.7%	119,827	-0.7%	1.27%	+9.2%
AMAT	Sell	APPLIED MATERIALS INC	$5,962,000	-5.0%	275,925	-0.8%	1.23%	-0.9%
MSFT	Sell	MICROSOFT	$5,529,000	+9.9%	119,254	-1.1%	1.14%	+14.7%
VZ	Buy	VERIZON	$5,505,000	+6.9%	110,130	+4.6%	1.14%	+11.4%
T	Buy	AT&T	$5,363,000	+5.6%	152,199	+5.9%	1.11%	+10.1%
X	Sell	UNITED STATES STEEL CORP	$5,256,000	+49.4%	134,188	-0.7%	1.09%	+55.7%
CSCO	Buy	CISCO	$5,184,000	+2.1%	205,970	+0.8%	1.07%	+6.6%
BBT	Buy	BB&T	$4,946,000	-5.4%	132,930	+0.2%	1.02%	-1.4%
CL	Buy	COLGATE PALMOLIVE	$4,875,000	-2.3%	74,745	+2.2%	1.01%	+1.9%
SLB	Buy	SCHLUMBERGER LTDforeign stock	$4,758,000	-13.3%	46,786	+0.6%	0.98%	-9.6%
KYN	Sell	KAYNEmutual funds -	$4,609,000	-3.0%	112,864	-6.4%	0.95%	+1.2%
MMM	Buy	3M CO	$4,570,000	-1.0%	32,256	+0.1%	0.94%	+3.3%
SDRL	Buy	SEADRILLforeign stock	$4,540,000	-31.2%	169,692	+2.8%	0.94%	-28.2%
TOL	Buy	TOLL BROTHERS INC	$4,515,000	-14.0%	144,895	+1.9%	0.93%	-10.2%
MTB	Sell	M&T BANK CORP	$4,438,000	-0.7%	35,999	-0.1%	0.92%	+3.6%
TRV	Sell	THE	$4,107,000	-1.3%	43,720	-1.1%	0.85%	+2.9%
D	Sell	DOMINION	$4,019,000	-5.2%	58,160	-1.9%	0.83%	-1.2%
XLK	Sell	SECTOR SPDRmutual funds -	$4,006,000	-5.5%	100,400	-9.2%	0.83%	-1.4%
ABBV	Buy	ABBVIE	$3,911,000	+3.1%	67,714	+0.7%	0.81%	+7.6%
DHI	Buy	DR HORTON INC	$3,911,000	-15.1%	190,611	+1.7%	0.81%	-11.4%
PAYX	Sell	PAYCHEX INC	$3,637,000	+3.2%	82,285	-2.9%	0.75%	+7.6%
WMT	Buy	WAL-MART	$3,585,000	+1.9%	46,876	+0.0%	0.74%	+6.3%
XLF	Sell	SECTOR SPDRmutual funds -	$3,472,000	-0.7%	149,827	-2.5%	0.72%	+3.6%
GS	Sell	GOLDMAN	$3,018,000	+9.6%	16,438	-0.0%	0.62%	+14.3%
SPMD	Sell	SPDRmutual funds -	$2,889,000	-33.4%	34,998	-30.0%	0.60%	-30.5%
ABT	Sell	ABBOTT	$2,832,000	+1.7%	68,072	-0.1%	0.59%	+6.2%
DIS	Sell	WALT	$2,777,000	-6.5%	31,181	-9.9%	0.57%	-2.5%
GCI	Sell	GANNETT	$2,423,000	-6.2%	81,667	-1.0%	0.50%	-2.1%
CVD	Sell	COVANCE INC	$2,406,000	-33.8%	30,570	-28.0%	0.50%	-30.9%
J	Sell	JACOBS ENGINEERING GROUP INC	$2,398,000	-10.6%	49,107	-2.4%	0.50%	-6.8%
BRKB	Sell	BERKSHIRE	$2,396,000	+7.3%	17,340	-1.7%	0.50%	+12.0%
NUE	Buy	NUCOR	$2,361,000	+11.1%	43,497	+0.8%	0.49%	+15.6%
DHR	Sell	DANAHER	$2,335,000	-15.1%	30,731	-12.0%	0.48%	-11.4%
IYZ	Sell	ISHARESmutual funds -	$2,259,000	-15.6%	75,412	-14.6%	0.47%	-12.1%
AXP	Sell	AMERICAN	$2,154,000	-12.3%	24,607	-4.9%	0.45%	-8.4%
EEM	Sell	ISHARESmutual funds -	$2,103,000	-23.6%	50,603	-20.5%	0.44%	-20.3%
TIP	Sell	ISHARESmutual funds -	$2,075,000	-3.6%	18,510	-0.8%	0.43%	+0.5%
XLU	Sell	SECTOR SPDRmutual funds -	$1,991,000	-19.0%	47,306	-14.8%	0.41%	-15.4%
JCI	Buy	JOHNSON	$1,889,000	-11.6%	42,934	+0.2%	0.39%	-7.8%
IWO	Sell	ISHARESmutual funds -	$1,892,000	-29.4%	14,588	-24.7%	0.39%	-26.4%
DUK	Buy	DUKE	$1,858,000	+14.9%	24,848	+14.0%	0.38%	+19.6%
PCL	Buy	PLUM CREEK TIMBER CO INC	$1,663,000	-4.4%	42,622	+10.5%	0.34%	-0.3%
PSX	Buy	PHILLIPS	$1,560,000	+1.8%	19,186	+0.7%	0.32%	+6.2%
COP	Sell	CONOCOPHILLIPS	$1,559,000	-14.8%	20,369	-4.6%	0.32%	-11.3%
IWN	Sell	ISHARESmutual funds -	$1,515,000	-31.8%	16,195	-24.7%	0.31%	-28.9%
ADP	Sell	AUTOMATIC DATA PROCESSING	$1,502,000	+1.6%	18,076	-3.1%	0.31%	+6.1%
CAT	Buy	CATERPILLAR	$1,479,000	-2.4%	14,939	+7.2%	0.31%	+2.0%
ADM	Buy	ARCHER	$1,425,000	+37.9%	27,881	+19.1%	0.30%	+43.9%
MET	Sell	METLIFE	$1,355,000	-4.8%	25,226	-1.6%	0.28%	-0.7%
SU	Sell	SUNCORforeign stock	$1,335,000	-15.8%	36,931	-0.7%	0.28%	-12.1%
AGN	Sell	ALLERGAN INC	$1,209,000	+3.2%	6,784	-2.0%	0.25%	+7.8%
TXN	Sell	TEXAS	$1,184,000	-2.1%	24,838	-2.0%	0.24%	+2.1%
DOW	Sell	DOW	$1,182,000	-1.8%	22,541	-3.6%	0.24%	+2.1%
BP	Buy	B P AMOCO PLC SPONS ADRforeign stock	$1,043,000	-4.1%	23,728	+15.1%	0.22%	0.0%
CXP	Buy	COLUMBIA	$1,022,000	+4.5%	42,830	+14.0%	0.21%	+8.8%
IVV	Buy	ISHARESmutual funds -	$977,000	+94.2%	4,929	+93.0%	0.20%	+102.0%
COST	Sell	COSTCO	$967,000	+5.8%	7,713	-2.8%	0.20%	+10.5%
ZBH	Sell	ZIMMER HOLDINGS INC	$936,000	-14.0%	9,304	-11.2%	0.19%	-10.2%
KRFT	Buy	KRAFT	$924,000	+9.6%	16,392	+16.6%	0.19%	+14.4%
WAG	Sell	WALGREEN	$863,000	-21.4%	14,562	-1.7%	0.18%	-17.9%
FCX	Buy	FREEPORT	$803,000	-10.5%	24,595	+0.1%	0.17%	-6.7%
SO	Buy	SOUTHERN COMPANY	$788,000	+31.8%	18,068	+37.1%	0.16%	+37.0%
MO	Buy	ALTRIA	$769,000	+12.6%	16,740	+2.8%	0.16%	+17.8%
GD	Buy	GENERAL DYNAMICS	$719,000	+10.4%	5,660	+1.5%	0.15%	+15.5%
DVN	Sell	DEVON ENERGY CORP	$668,000	-19.0%	9,804	-5.6%	0.14%	-15.9%
LLY	Sell	ELI	$666,000	-7.8%	10,268	-11.6%	0.14%	-3.5%
SYY	Buy	SYSCO	$651,000	+19.7%	17,137	+18.1%	0.14%	+25.0%
HPQ	Sell	HEWLETT-PACKARD	$584,000	+4.3%	16,468	-1.0%	0.12%	+9.0%
AMGN	Sell	AMGEN	$581,000	+0.5%	4,141	-15.1%	0.12%	+4.3%
PM	Buy	PHILIP	$578,000	+18.7%	6,931	+20.1%	0.12%	+23.7%
TGT	Buy	TARGET	$569,000	+25.1%	9,085	+15.7%	0.12%	+31.1%
TWC	Sell	TIME	$569,000	-4.8%	3,961	-2.5%	0.12%	-0.8%
SE	Buy	SPECTRA	$521,000	-6.1%	13,290	+1.7%	0.11%	-1.8%
UNP	Sell	UNION	$517,000	-11.0%	4,774	-18.0%	0.11%	-7.0%
NSC	Sell	NORFOLK	$515,000	+5.5%	4,615	-2.5%	0.11%	+10.3%
GOOG	Sell	GOOGLE	$505,000	-0.4%	875	-0.7%	0.10%	+3.0%
KMB	Sell	KIMBERLY	$475,000	-22.0%	4,412	-19.5%	0.10%	-19.0%
PRU	Buy	PRUDENTIAL FINANCIAL INC	$462,000	+0.7%	5,250	+1.4%	0.10%	+5.5%
TWX	Buy	TIME	$456,000	+12.3%	6,076	+5.3%	0.09%	+16.0%
GOOGL	Sell	GOOGLE	$453,000	-7.7%	770	-8.4%	0.09%	-3.1%
HON	Buy	HONEYWELL	$443,000	+28.8%	4,763	+28.8%	0.09%	+35.3%
STJ	Sell	ST JUDE MEDICAL INC	$395,000	-14.3%	6,566	-1.5%	0.08%	-9.9%
NEE	Sell	NEXTERA	$393,000	-9.0%	4,186	-0.6%	0.08%	-5.8%
TEX	Buy	TEREX	$389,000	+4.0%	12,235	+34.3%	0.08%	+8.1%
GLD	Buy	SPDRmutual funds -	$357,000	-8.0%	3,070	+1.5%	0.07%	-3.9%
EWH	Sell	ISHARESmutual funds -	$346,000	-25.6%	16,980	-23.7%	0.07%	-21.7%
QQQ	Buy	POWERSHARESmutual funds -	$340,000	+8.6%	3,440	+3.3%	0.07%	+12.9%
HOLX	Buy	HOLOGIC	$323,000	-0.6%	13,250	+3.1%	0.07%	+4.7%
BCE	New	BCEforeign stock	$296,000	–	6,933	–	0.06%	–
MDT	Buy	MEDTRONIC	$288,000	-2.7%	4,656	+0.4%	0.06%	+1.7%
DE	Sell	DEERE & CO	$290,000	-36.3%	3,530	-29.8%	0.06%	-33.3%
DOV	Sell	DOVER	$265,000	-14.5%	3,305	-2.9%	0.06%	-9.8%
ADBE	Buy	ADOBE SYSTEMS INC	$260,000	+5.3%	3,770	+10.4%	0.05%	+10.2%
HAL	Buy	HALLIBURTON CO	$263,000	+11.4%	4,087	+23.3%	0.05%	+14.9%
APA	Sell	APACHE CORP	$252,000	-34.2%	2,686	-29.3%	0.05%	-31.6%
PPG	Sell	PPG	$249,000	-12.6%	1,264	-6.6%	0.05%	-8.8%
AMP	Buy	AMERIPRISE	$225,000	+9.2%	1,830	+6.4%	0.05%	+14.6%
NGG	New	NATIONALforeign stock	$219,000	–	3,048	–	0.04%	–
TJX	Sell	TJX	$210,000	-30.5%	3,552	-37.5%	0.04%	-28.3%
CY	Sell	CYPRESS SEMICONDUCTOR CORP	$175,000	-43.5%	17,750	-37.5%	0.04%	-41.0%
GFIG	Buy	GFI	$111,000	+70.8%	20,580	+4.4%	0.02%	+76.9%
AEP	Exit	AMERICAN ELEC POWER	$0	–	-3,821	–	-0.04%	–
V	Exit	VISA	$0	–	-1,004	–	-0.04%	–
TTE	Exit	TOTALforeign stock	$0	–	-3,040	–	-0.04%	–
EWY	Exit	ISHARESmutual funds -	$0	–	-3,650	–	-0.05%	–
DRC	Exit	DRESSER	$0	–	-4,748	–	-0.06%	–
	Exit	NESTLEforeign stock	$0	–	-4,226	–	-0.06%	–

Q2 2014

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON	$23,323,000	–	222,930	–	4.62%	–
XOM	New	EXXON MOBIL CORP	$20,408,000	–	202,704	–	4.05%	–
GLW	New	CORNING	$18,137,000	–	826,274	–	3.60%	–
GE	New	GENERAL	$17,557,000	–	668,081	–	3.48%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$15,734,000	–	532,651	–	3.12%	–
IBM	New	INTERNATIONAL	$14,698,000	–	81,085	–	2.92%	–
PG	New	PROCTER	$13,776,000	–	175,286	–	2.73%	–
PFE	New	PFIZER	$10,955,000	–	369,089	–	2.17%	–
PEP	New	PEPSICO	$10,754,000	–	120,382	–	2.13%	–
EMR	New	EMERSON	$10,690,000	–	161,081	–	2.12%	–
KO	New	COCA-COLA	$10,595,000	–	250,115	–	2.10%	–
AAPL	New	APPLE	$10,438,000	–	112,321	–	2.07%	–
F	New	FORD	$9,929,000	–	575,932	–	1.97%	–
UTX	New	UNITED	$9,452,000	–	81,876	–	1.87%	–
SNDK	New	SANDISK CORP	$9,319,000	–	89,233	–	1.85%	–
JPM	New	JP	$9,239,000	–	160,337	–	1.83%	–
CVX	New	CHEVRON	$8,782,000	–	67,268	–	1.74%	–
WFC	New	WELLS	$8,627,000	–	164,125	–	1.71%	–
QCOM	New	QUALCOMM INC	$8,088,000	–	102,113	–	1.60%	–
INTC	New	INTEL	$7,836,000	–	253,568	–	1.55%	–
DD	New	DUPONT	$7,440,000	–	113,680	–	1.48%	–
NOV	New	NATIONAL	$7,196,000	–	87,384	–	1.43%	–
MCD	New	MCDONALDS CORP	$6,680,000	–	66,308	–	1.32%	–
SDRL	New	SEADRILLforeign stock	$6,597,000	–	165,137	–	1.31%	–
MRK	New	MERCK	$6,475,000	–	111,939	–	1.28%	–
AKAM	New	AKAMAI	$6,280,000	–	102,850	–	1.24%	–
AMAT	New	APPLIED MATERIALS INC	$6,275,000	–	278,275	–	1.24%	–
CNI	New	CANADIANforeign stock	$5,892,000	–	90,625	–	1.17%	–
BMY	New	BRISTOL	$5,854,000	–	120,682	–	1.16%	–
HD	New	HOME	$5,816,000	–	71,833	–	1.15%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$5,488,000	–	46,526	–	1.09%	–
TOL	New	TOLL BROTHERS INC	$5,247,000	–	142,195	–	1.04%	–
BBT	New	BB&T	$5,229,000	–	132,630	–	1.04%	–
VZ	New	VERIZON	$5,152,000	–	105,286	–	1.02%	–
BA	New	BOEING	$5,153,000	–	40,505	–	1.02%	–
T	New	AT&T	$5,080,000	–	143,660	–	1.01%	–
CSCO	New	CISCO	$5,075,000	–	204,240	–	1.01%	–
MSFT	New	MICROSOFT	$5,030,000	–	120,622	–	1.00%	–
CL	New	COLGATE PALMOLIVE	$4,988,000	–	73,170	–	0.99%	–
KYN	New	KAYNEmutual funds -	$4,751,000	–	120,564	–	0.94%	–
MMM	New	3M CO	$4,614,000	–	32,208	–	0.92%	–
DHI	New	DR HORTON INC	$4,606,000	–	187,386	–	0.91%	–
MTB	New	M&T BANK CORP	$4,468,000	–	36,019	–	0.89%	–
SPMD	New	SPDRmutual funds -	$4,339,000	–	49,998	–	0.86%	–
D	New	DOMINION	$4,239,000	–	59,260	–	0.84%	–
XLK	New	SECTOR SPDRmutual funds -	$4,240,000	–	110,550	–	0.84%	–
TRV	New	THE	$4,159,000	–	44,207	–	0.82%	–
ABBV	New	ABBVIE	$3,794,000	–	67,220	–	0.75%	–
CVD	New	COVANCE INC	$3,635,000	–	42,475	–	0.72%	–
PAYX	New	PAYCHEX INC	$3,524,000	–	84,785	–	0.70%	–
X	New	UNITED STATES STEEL CORP	$3,518,000	–	135,078	–	0.70%	–
WMT	New	WAL-MART	$3,519,000	–	46,871	–	0.70%	–
XLF	New	SECTOR SPDRmutual funds -	$3,496,000	–	153,732	–	0.69%	–
DIS	New	WALT	$2,969,000	–	34,626	–	0.59%	–
ABT	New	ABBOTT	$2,786,000	–	68,117	–	0.55%	–
GS	New	GOLDMAN	$2,754,000	–	16,444	–	0.55%	–
EEM	New	ISHARESmutual funds -	$2,752,000	–	63,653	–	0.55%	–
DHR	New	DANAHER	$2,749,000	–	34,906	–	0.54%	–
J	New	JACOBS ENGINEERING GROUP INC	$2,682,000	–	50,332	–	0.53%	–
IWO	New	ISHARESmutual funds -	$2,680,000	–	19,366	–	0.53%	–
IYZ	New	ISHARESmutual funds -	$2,677,000	–	88,262	–	0.53%	–
GCI	New	GANNETT	$2,582,000	–	82,462	–	0.51%	–
AXP	New	AMERICAN	$2,455,000	–	25,877	–	0.49%	–
XLU	New	SECTOR SPDRmutual funds -	$2,457,000	–	55,506	–	0.49%	–
BRKB	New	BERKSHIRE	$2,232,000	–	17,640	–	0.44%	–
IWN	New	ISHARESmutual funds -	$2,221,000	–	21,507	–	0.44%	–
TIP	New	ISHARESmutual funds -	$2,153,000	–	18,660	–	0.43%	–
JCI	New	JOHNSON	$2,138,000	–	42,834	–	0.42%	–
NUE	New	NUCOR	$2,126,000	–	43,162	–	0.42%	–
COP	New	CONOCOPHILLIPS	$1,830,000	–	21,355	–	0.36%	–
PCL	New	PLUM CREEK TIMBER CO INC	$1,739,000	–	38,557	–	0.34%	–
DUK	New	DUKE	$1,617,000	–	21,787	–	0.32%	–
SU	New	SUNCORforeign stock	$1,585,000	–	37,201	–	0.31%	–
PSX	New	PHILLIPS	$1,533,000	–	19,059	–	0.30%	–
CAT	New	CATERPILLAR	$1,515,000	–	13,939	–	0.30%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,479,000	–	18,657	–	0.29%	–
MET	New	METLIFE	$1,424,000	–	25,626	–	0.28%	–
TXN	New	TEXAS	$1,210,000	–	25,338	–	0.24%	–
DOW	New	DOW	$1,204,000	–	23,381	–	0.24%	–
AGN	New	ALLERGAN INC	$1,172,000	–	6,924	–	0.23%	–
ENZ	New	ENZO BIOCHEM INC	$1,144,000	–	217,927	–	0.23%	–
WAG	New	WALGREEN	$1,098,000	–	14,812	–	0.22%	–
BP	New	B P AMOCO PLC SPONS ADRforeign stock	$1,088,000	–	20,621	–	0.22%	–
ZBH	New	ZIMMER HOLDINGS INC	$1,088,000	–	10,472	–	0.22%	–
ADM	New	ARCHER	$1,033,000	–	23,416	–	0.20%	–
CXP	New	COLUMBIA	$978,000	–	37,575	–	0.19%	–
COST	New	COSTCO	$914,000	–	7,933	–	0.18%	–
FCX	New	FREEPORT	$897,000	–	24,581	–	0.18%	–
VWO	New	VANGUARDmutual funds -	$876,000	–	20,304	–	0.17%	–
KRFT	New	KRAFT	$843,000	–	14,062	–	0.17%	–
DVN	New	DEVON ENERGY CORP	$825,000	–	10,389	–	0.16%	–
LLY	New	ELI	$722,000	–	11,618	–	0.14%	–
SIGM	New	SIGMA	$720,000	–	157,140	–	0.14%	–
ESBK	New	ELMIRA SAVINGS BANK	$715,000	–	29,666	–	0.14%	–
MO	New	ALTRIA	$683,000	–	16,290	–	0.14%	–
GD	New	GENERAL DYNAMICS	$651,000	–	5,575	–	0.13%	–
KMB	New	KIMBERLY	$609,000	–	5,478	–	0.12%	–
TWC	New	TIME	$598,000	–	4,061	–	0.12%	–
SO	New	SOUTHERN COMPANY	$598,000	–	13,178	–	0.12%	–
AMGN	New	AMGEN	$578,000	–	4,880	–	0.12%	–
UNP	New	UNION	$581,000	–	5,824	–	0.12%	–
HPQ	New	HEWLETT-PACKARD	$560,000	–	16,633	–	0.11%	–
SE	New	SPECTRA	$555,000	–	13,062	–	0.11%	–
SYY	New	SYSCO	$544,000	–	14,512	–	0.11%	–
GOOG	New	GOOGLE	$507,000	–	881	–	0.10%	–
IVV	New	ISHARESmutual funds -	$503,000	–	2,554	–	0.10%	–
GOOGL	New	GOOGLE	$491,000	–	841	–	0.10%	–
NSC	New	NORFOLK	$488,000	–	4,735	–	0.10%	–
PM	New	PHILIP	$487,000	–	5,771	–	0.10%	–
EWH	New	ISHARESmutual funds -	$465,000	–	22,255	–	0.09%	–
STJ	New	ST JUDE MEDICAL INC	$461,000	–	6,666	–	0.09%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$459,000	–	5,175	–	0.09%	–
TGT	New	TARGET	$455,000	–	7,850	–	0.09%	–
DE	New	DEERE & CO	$455,000	–	5,027	–	0.09%	–
NEE	New	NEXTERA	$432,000	–	4,211	–	0.09%	–
TWX	New	TIME	$406,000	–	5,771	–	0.08%	–
GLD	New	SPDRmutual funds -	$388,000	–	3,025	–	0.08%	–
APA	New	APACHE CORP	$383,000	–	3,801	–	0.08%	–
TEX	New	TEREX	$374,000	–	9,110	–	0.07%	–
HON	New	HONEYWELL	$344,000	–	3,698	–	0.07%	–
	New	NESTLEforeign stock	$328,000	–	4,226	–	0.06%	–
HOLX	New	HOLOGIC	$325,000	–	12,850	–	0.06%	–
QQQ	New	POWERSHARESmutual funds -	$313,000	–	3,330	–	0.06%	–
CY	New	CYPRESS SEMICONDUCTOR CORP	$310,000	–	28,400	–	0.06%	–
DOV	New	DOVER	$310,000	–	3,405	–	0.06%	–
TJX	New	TJX	$302,000	–	5,683	–	0.06%	–
DRC	New	DRESSER	$303,000	–	4,748	–	0.06%	–
MDT	New	MEDTRONIC	$296,000	–	4,636	–	0.06%	–
PPL	New	PPL CORP	$294,000	–	8,273	–	0.06%	–
PPG	New	PPG	$285,000	–	1,354	–	0.06%	–
PXD	New	PIONEER	$254,000	–	1,106	–	0.05%	–
ADBE	New	ADOBE SYSTEMS INC	$247,000	–	3,415	–	0.05%	–
EWY	New	ISHARESmutual funds -	$237,000	–	3,650	–	0.05%	–
HAL	New	HALLIBURTON CO	$236,000	–	3,314	–	0.05%	–
IYE	New	ISHARESmutual funds -	$225,000	–	3,975	–	0.04%	–
TTE	New	TOTALforeign stock	$219,000	–	3,040	–	0.04%	–
LOW	New	LOWES	$212,000	–	4,424	–	0.04%	–
AEP	New	AMERICAN ELEC POWER	$213,000	–	3,821	–	0.04%	–
V	New	VISA	$212,000	–	1,004	–	0.04%	–
AMP	New	AMERIPRISE	$206,000	–	1,720	–	0.04%	–
GFIG	New	GFI	$65,000	–	19,720	–	0.01%	–
LPPI	New	LEEP	$0	–	35,960	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
LPPI	Exit	LEEP	$0	–	-35,960	–	0.00%	–
GFIG	Exit	GFI	$0	–	-14,260	–	-0.01%	–
HON	Exit	HONEYWELL	$0	–	-2,440	–	-0.04%	–
PXD	Exit	PIONEER	$0	–	-1,106	–	-0.04%	–
MDLZ	Exit	MONDELEZ	$0	–	-6,648	–	-0.04%	–
ORCL	Exit	ORACLE	$0	–	-6,262	–	-0.04%	–
DBC	Exit	POWERSHARESmutual funds-al	$0	–	-8,225	–	-0.05%	–
UPS	Exit	UNITED	$0	–	-2,317	–	-0.05%	–
EWY	Exit	ISHARESmutual funds -	$0	–	-3,650	–	-0.05%	–
HOLX	Exit	HOLOGIC	$0	–	-11,200	–	-0.05%	–
PPL	Exit	PPL CORP	$0	–	-8,123	–	-0.05%	–
MDT	Exit	MEDTRONIC	$0	–	-4,636	–	-0.05%	–
LOW	Exit	LOWES	$0	–	-5,774	–	-0.06%	–
DOV	Exit	DOVER	$0	–	-3,338	–	-0.06%	–
QQQ	Exit	POWERSHARESmutual funds -	$0	–	-3,930	–	-0.07%	–
VOD	Exit	VODAFONEforeign stock	$0	–	-8,917	–	-0.07%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-6,241	–	-0.07%	–
KRFT	Exit	KRAFT	$0	–	-6,370	–	-0.07%	–
SYY	Exit	SYSCO	$0	–	-11,137	–	-0.08%	–
ESRX	Exit	EXPRESS	$0	–	-5,817	–	-0.08%	–
BBT	Exit	BB&T	$0	–	-11,075	–	-0.08%	–
APA	Exit	APACHE CORP	$0	–	-4,623	–	-0.08%	–
CY	Exit	CYPRESS SEMICONDUCTOR CORP	$0	–	-42,600	–	-0.09%	–
GLD	Exit	SPDRmutual funds -	$0	–	-3,275	–	-0.09%	–
NEE	Exit	NEXTERA	$0	–	-5,301	–	-0.09%	–
IVV	Exit	ISHARESmutual funds -	$0	–	-2,529	–	-0.09%	–
TWX	Exit	TIME	$0	–	-6,471	–	-0.09%	–
SE	Exit	SPECTRA	$0	–	-12,540	–	-0.09%	–
	Exit	NESTLEforeign stock	$0	–	-6,338	–	-0.10%	–
UNP	Exit	UNION	$0	–	-2,912	–	-0.10%	–
MO	Exit	ALTRIA	$0	–	-13,485	–	-0.10%	–
PM	Exit	PHILIP	$0	–	-5,432	–	-0.10%	–
TJX	Exit	TJX	$0	–	-8,524	–	-0.10%	–
TWC	Exit	TIME	$0	–	-4,470	–	-0.11%	–
DE	Exit	DEERE & CO	$0	–	-6,138	–	-0.11%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-6,550	–	-0.11%	–
KMB	Exit	KIMBERLY	$0	–	-5,467	–	-0.11%	–
GD	Exit	GENERAL DYNAMICS	$0	–	-5,988	–	-0.11%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-12,803	–	-0.11%	–
EWH	Exit	ISHARESmutual funds -	$0	–	-31,005	–	-0.14%	–
ESBK	Exit	ELMIRA SAVINGS BANK	$0	–	-26,261	–	-0.14%	–
DVN	Exit	DEVON ENERGY CORP	$0	–	-11,126	–	-0.14%	–
TGT	Exit	TARGET	$0	–	-10,050	–	-0.14%	–
ENZ	Exit	ENZO BIOCHEM INC	$0	–	-257,672	–	-0.14%	–
AMGN	Exit	AMGEN	$0	–	-5,852	–	-0.14%	–
LLY	Exit	ELI	$0	–	-13,384	–	-0.15%	–
GOOGL	Exit	GOOGLE	$0	–	-813	–	-0.16%	–
WAG	Exit	WALGREEN	$0	–	-13,912	–	-0.16%	–
AGN	Exit	ALLERGAN INC	$0	–	-8,519	–	-0.17%	–
DOW	Exit	DOW	$0	–	-21,486	–	-0.18%	–
VWO	Exit	VANGUARDmutual funds -	$0	–	-20,855	–	-0.18%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-10,284	–	-0.18%	–
BP	Exit	B P AMOCO PLC SPONS ADRforeign stock	$0	–	-20,550	–	-0.19%	–
COST	Exit	COSTCO	$0	–	-7,853	–	-0.20%	–
FCX	Exit	FREEPORT	$0	–	-28,181	–	-0.20%	–
ADM	Exit	ARCHER	$0	–	-26,359	–	-0.21%	–
PSX	Exit	PHILLIPS	$0	–	-17,066	–	-0.21%	–
TXN	Exit	TEXAS	$0	–	-25,013	–	-0.22%	–
SIGM	Exit	SIGMA	$0	–	-192,060	–	-0.23%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-13,116	–	-0.25%	–
CAT	Exit	CATERPILLAR	$0	–	-14,239	–	-0.26%	–
EEM	Exit	ISHARESmutual funds -	$0	–	-31,548	–	-0.28%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-19,215	–	-0.30%	–
DUK	Exit	DUKE	$0	–	-22,261	–	-0.32%	–
MET	Exit	METLIFE	$0	–	-31,872	–	-0.32%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-21,926	–	-0.33%	–
AXP	Exit	AMERICAN	$0	–	-21,407	–	-0.35%	–
SU	Exit	SUNCORforeign stock	$0	–	-47,726	–	-0.37%	–
IWN	Exit	ISHARESmutual funds -	$0	–	-19,762	–	-0.39%	–
TEVA	Exit	TEVAforeign stock	$0	–	-47,960	–	-0.39%	–
DIS	Exit	WALT	$0	–	-28,634	–	-0.40%	–
GS	Exit	GOLDMAN	$0	–	-12,150	–	-0.42%	–
BRKB	Exit	BERKSHIRE	$0	–	-17,330	–	-0.43%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-42,270	–	-0.43%	–
XLU	Exit	SECTOR SPDRmutual funds -	$0	–	-53,200	–	-0.43%	–
ABT	Exit	ABBOTT	$0	–	-64,973	–	-0.47%	–
GCI	Exit	GANNETT	$0	–	-81,662	–	-0.48%	–
NUE	Exit	NUCOR	$0	–	-45,236	–	-0.48%	–
IWO	Exit	ISHARESmutual funds -	$0	–	-17,793	–	-0.49%	–
DHR	Exit	DANAHER	$0	–	-34,436	–	-0.52%	–
IYZ	Exit	ISHARESmutual funds -	$0	–	-98,155	–	-0.59%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-47,079	–	-0.60%	–
DHI	Exit	DR HORTON INC	$0	–	-152,833	–	-0.64%	–
XLF	Exit	SECTOR SPDRmutual funds -	$0	–	-149,338	–	-0.65%	–
ABBV	Exit	ABBVIE	$0	–	-68,504	–	-0.67%	–
XLK	Exit	SECTOR SPDRmutual funds -	$0	–	-102,950	–	-0.72%	–
MMM	Exit	3M CO	$0	–	-29,144	–	-0.76%	–
D	Exit	DOMINION	$0	–	-59,106	–	-0.80%	–
SPMD	Exit	SPDRmutual funds -	$0	–	-45,000	–	-0.82%	–
TRV	Exit	THE	$0	–	-45,186	–	-0.83%	–
PAYX	Exit	PAYCHEX INC	$0	–	-96,997	–	-0.86%	–
X	Exit	UNITED STATES STEEL CORP	$0	–	-195,060	–	-0.87%	–
TIP	Exit	ISHARESmutual funds -	$0	–	-36,685	–	-0.90%	–
MTB	Exit	M&T BANK CORP	$0	–	-36,889	–	-0.90%	–
MSFT	Exit	MICROSOFT	$0	–	-126,860	–	-0.92%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-141,133	–	-0.99%	–
EMC	Exit	EMC CORP	$0	–	-179,400	–	-1.00%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-79,086	–	-1.02%	–
CNI	Exit	CANADIANforeign stock	$0	–	-46,951	–	-1.03%	–
KYN	Exit	KAYNEmutual funds -	$0	–	-132,857	–	-1.04%	–
BAC	Exit	BANK	$0	–	-345,446	–	-1.04%	–
VZ	Exit	VERIZON	$0	–	-102,170	–	-1.04%	–
CSCO	Exit	CISCO	$0	–	-215,136	–	-1.10%	–
MRK	Exit	MERCK	$0	–	-107,423	–	-1.11%	–
DD	Exit	DUPONT	$0	–	-88,770	–	-1.13%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-298,031	–	-1.14%	–
CVD	Exit	COVANCE INC	$0	–	-60,564	–	-1.14%	–
BA	Exit	BOEING	$0	–	-44,838	–	-1.14%	–
T	Exit	AT&T	$0	–	-156,739	–	-1.15%	–
HD	Exit	HOME	$0	–	-74,970	–	-1.24%	–
SNDK	Exit	SANDISK CORP	$0	–	-98,070	–	-1.27%	–
BMY	Exit	BRISTOL	$0	–	-126,282	–	-1.27%	–
INTC	Exit	INTEL	$0	–	-261,622	–	-1.30%	–
WMT	Exit	WAL-MART	$0	–	-81,298	–	-1.31%	–
WFC	Exit	WELLS	$0	–	-151,691	–	-1.36%	–
MCD	Exit	MCDONALDS CORP	$0	–	-67,993	–	-1.42%	–
NOV	Exit	NATIONAL	$0	–	-88,923	–	-1.51%	–
SDRL	Exit	SEADRILLforeign stock	$0	–	-158,373	–	-1.55%	–
QCOM	Exit	QUALCOMM INC	$0	–	-109,553	–	-1.60%	–
JPM	Exit	JP	$0	–	-163,628	–	-1.84%	–
AAPL	Exit	APPLE	$0	–	-18,154	–	-1.88%	–
KO	Exit	COCA-COLA	$0	–	-262,731	–	-2.16%	–
PEP	Exit	PEPSICO	$0	–	-127,917	–	-2.21%	–
F	Exit	FORD	$0	–	-608,847	–	-2.23%	–
EMR	Exit	EMERSON	$0	–	-167,320	–	-2.35%	–
PFE	Exit	PFIZER	$0	–	-380,530	–	-2.38%	–
CVX	Exit	CHEVRON	$0	–	-90,550	–	-2.39%	–
UTX	Exit	UNITED	$0	–	-102,424	–	-2.40%	–
PG	Exit	PROCTER	$0	–	-178,961	–	-2.94%	–
GLW	Exit	CORNING	$0	–	-978,459	–	-3.10%	–
IBM	Exit	INTERNATIONAL	$0	–	-85,592	–	-3.44%	–
GE	Exit	GENERAL	$0	–	-674,334	–	-3.50%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-206,885	–	-3.87%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-543,432	–	-4.04%	–
JNJ	Exit	JOHNSON	$0	–	-231,367	–	-4.36%	–

Q3 2013

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON	$20,057,000	+0.3%	231,367	-0.6%	4.36%	-2.2%
CHMG	Sell	CHEMUNG FINANCIAL CORP	$18,613,000	+2.1%	543,432	-0.2%	4.04%	-0.5%
XOM	Buy	EXXON MOBIL CORP	$17,800,000	-4.6%	206,885	+0.2%	3.87%	-7.0%
GE	Buy	GENERAL	$16,109,000	+4.0%	674,334	+1.0%	3.50%	+1.4%
IBM	Buy	INTERNATIONAL	$15,851,000	-2.8%	85,592	+0.3%	3.44%	-5.3%
GLW	Buy	CORNING	$14,275,000	+2.7%	978,459	+0.2%	3.10%	+0.2%
PG	Buy	PROCTER	$13,528,000	-0.9%	178,961	+0.9%	2.94%	-3.4%
UTX	Buy	UNITED	$11,043,000	+16.4%	102,424	+0.3%	2.40%	+13.4%
CVX	Buy	CHEVRON	$11,002,000	+3.4%	90,550	+0.7%	2.39%	+0.8%
PFE	Buy	PFIZER	$10,931,000	+6.1%	380,530	+3.5%	2.38%	+3.5%
EMR	Buy	EMERSON	$10,826,000	+19.3%	167,320	+0.6%	2.35%	+16.3%
F	Sell	FORD	$10,271,000	+6.9%	608,847	-1.9%	2.23%	+4.3%
PEP	Buy	PEPSICO	$10,169,000	-1.7%	127,917	+1.1%	2.21%	-4.2%
KO	Buy	COCA-COLA	$9,953,000	-5.0%	262,731	+0.6%	2.16%	-7.4%
AAPL	Buy	APPLE	$8,655,000	+44.7%	18,154	+20.3%	1.88%	+41.0%
JPM	Buy	JP	$8,458,000	+1.1%	163,628	+3.2%	1.84%	-1.4%
QCOM	Sell	QUALCOMM INC	$7,375,000	+8.1%	109,553	-1.9%	1.60%	+5.4%
SDRL	Sell	SEADRILLforeign stock	$7,140,000	+7.9%	158,373	-2.5%	1.55%	+5.2%
NOV	Buy	NATIONAL	$6,946,000	+14.9%	88,923	+1.4%	1.51%	+12.0%
MCD	Sell	MCDONALDS CORP	$6,542,000	-3.0%	67,993	-0.2%	1.42%	-5.5%
WFC	Buy	WELLS	$6,268,000	+0.8%	151,691	+0.7%	1.36%	-1.7%
WMT	Buy	WAL-MART	$6,013,000	+0.1%	81,298	+0.9%	1.31%	-2.4%
INTC	Buy	INTEL	$5,996,000	-4.9%	261,622	+0.6%	1.30%	-7.2%
BMY	Sell	BRISTOL	$5,844,000	+3.4%	126,282	-0.2%	1.27%	+0.8%
SNDK	Sell	SANDISK CORP	$5,836,000	-5.1%	98,070	-2.5%	1.27%	-7.4%
HD	Sell	HOME	$5,687,000	-6.7%	74,970	-4.7%	1.24%	-9.1%
T	Buy	AT&T	$5,301,000	-1.9%	156,739	+2.7%	1.15%	-4.3%
BA	Sell	BOEING	$5,268,000	-17.6%	44,838	-28.2%	1.14%	-19.7%
CVD	Buy	COVANCE INC	$5,236,000	+13.7%	60,564	+0.1%	1.14%	+10.7%
AMAT	Buy	APPLIED MATERIALS INC	$5,225,000	+17.6%	298,031	+0.1%	1.14%	+14.6%
DD	Buy	DUPONT	$5,198,000	+59.4%	88,770	+42.9%	1.13%	+55.3%
MRK	Buy	MERCK	$5,115,000	+4.1%	107,423	+1.6%	1.11%	+1.5%
CSCO	Sell	CISCO	$5,041,000	-7.7%	215,136	-4.1%	1.10%	-10.0%
VZ	Sell	VERIZON	$4,768,000	-7.4%	102,170	-0.1%	1.04%	-9.7%
BAC	Buy	BANK	$4,767,000	+13.9%	345,446	+6.2%	1.04%	+11.2%
KYN	Buy	KAYNEmutual funds -	$4,763,000	-6.9%	132,857	+1.0%	1.04%	-9.2%
CNI	Sell	CANADIANforeign stock	$4,759,000	+3.9%	46,951	-0.3%	1.03%	+1.4%
CL	Buy	COLGATE PALMOLIVE	$4,690,000	+5.1%	79,086	+1.6%	1.02%	+2.5%
EMC	Buy	EMC CORP	$4,586,000	+9.5%	179,400	+1.2%	1.00%	+6.8%
TOL	Buy	TOLL BROTHERS INC	$4,577,000	+8.5%	141,133	+9.2%	0.99%	+5.7%
MSFT	Sell	MICROSOFT	$4,222,000	-41.6%	126,860	-39.4%	0.92%	-43.1%
TIP	Sell	ISHARESmutual funds -	$4,130,000	-7.5%	36,685	-8.0%	0.90%	-9.8%
MTB	Buy	M&T BANK CORP	$4,129,000	+1.6%	36,889	+1.4%	0.90%	-1.0%
X	Buy	UNITED STATES STEEL CORP	$4,017,000	+26.2%	195,060	+7.4%	0.87%	+23.1%
PAYX	Sell	PAYCHEX INC	$3,942,000	+9.3%	96,997	-1.8%	0.86%	+6.6%
TRV	Sell	THE	$3,830,000	-2.0%	45,186	-7.6%	0.83%	-4.5%
SPMD	Sell	SPDRmutual funds -	$3,754,000	-17.7%	45,000	-25.0%	0.82%	-19.8%
D	Buy	DOMINION	$3,693,000	+10.3%	59,106	+0.3%	0.80%	+7.5%
MMM	Sell	3M CO	$3,480,000	+8.8%	29,144	-0.3%	0.76%	+6.0%
XLK	Sell	SECTOR SPDRmutual funds -	$3,299,000	-5.3%	102,950	-9.7%	0.72%	-7.7%
ABBV	Buy	ABBVIE	$3,064,000	+9.4%	68,504	+1.1%	0.67%	+6.7%
XLF	Buy	SECTOR SPDRmutual funds -	$2,973,000	+2.4%	149,338	+0.0%	0.65%	-0.2%
DHI	Buy	DR HORTON INC	$2,970,000	+5.6%	152,833	+15.6%	0.64%	+2.9%
J	Buy	JACOBS ENGINEERING GROUP INC	$2,739,000	+158.4%	47,079	+144.8%	0.60%	+152.1%
IYZ	Sell	ISHARESmutual funds -	$2,707,000	+6.7%	98,155	-0.1%	0.59%	+3.9%
DHR	Buy	DANAHER	$2,387,000	+10.2%	34,436	+0.6%	0.52%	+7.5%
IWO	Sell	ISHARESmutual funds -	$2,239,000	-10.3%	17,793	-20.5%	0.49%	-12.6%
NUE	Buy	NUCOR	$2,217,000	+19.1%	45,236	+5.3%	0.48%	+16.1%
GCI	Sell	GANNETT	$2,187,000	+8.8%	81,662	-0.6%	0.48%	+6.0%
ABT	Sell	ABBOTT	$2,157,000	-6.2%	64,973	-1.5%	0.47%	-8.4%
XLU	Sell	SECTOR SPDRmutual funds -	$1,988,000	-13.9%	53,200	-13.3%	0.43%	-16.1%
PCL	Buy	PLUM CREEK TIMBER CO INC	$1,980,000	+1.5%	42,270	+1.1%	0.43%	-1.1%
BRKB	Sell	BERKSHIRE	$1,967,000	-0.2%	17,330	-1.6%	0.43%	-2.7%
GS	Sell	GOLDMAN	$1,922,000	+0.5%	12,150	-3.9%	0.42%	-1.9%
DIS	Buy	WALT	$1,847,000	+6.7%	28,634	+4.4%	0.40%	+3.9%
TEVA	Buy	TEVAforeign stock	$1,812,000	+396.4%	47,960	+415.9%	0.39%	+386.4%
IWN	Sell	ISHARESmutual funds -	$1,811,000	-15.9%	19,762	-21.2%	0.39%	-18.1%
SU	Sell	SUNCORforeign stock	$1,707,000	+14.7%	47,726	-5.4%	0.37%	+11.7%
AXP	Buy	AMERICAN	$1,616,000	+2.2%	21,407	+1.2%	0.35%	-0.3%
COP	Buy	CONOCOPHILLIPS	$1,524,000	+17.8%	21,926	+2.5%	0.33%	+14.9%
MET	Buy	METLIFE	$1,497,000	+5.9%	31,872	+3.2%	0.32%	+3.2%
DUK	Sell	DUKE	$1,486,000	-2.6%	22,261	-1.5%	0.32%	-5.0%
EEM	Sell	ISHARESmutual funds -	$1,286,000	-5.1%	31,548	-10.4%	0.28%	-7.6%
CAT	Sell	CATERPILLAR	$1,188,000	-64.0%	14,239	-64.4%	0.26%	-64.9%
SLB	Buy	SCHLUMBERGER LTDforeign stock	$1,159,000	+24.6%	13,116	+1.0%	0.25%	+21.7%
TXN	Sell	TEXAS	$1,008,000	+12.6%	25,013	-2.6%	0.22%	+10.1%
PSX	Buy	PHILLIPS	$987,000	+9.7%	17,066	+11.7%	0.21%	+6.5%
ADM	Buy	ARCHER	$971,000	+10.7%	26,359	+1.9%	0.21%	+8.2%
FCX	Sell	FREEPORT	$932,000	+13.9%	28,181	-4.9%	0.20%	+11.0%
COST	Buy	COSTCO	$905,000	+4.9%	7,853	+0.6%	0.20%	+2.6%
BP	Buy	B P AMOCO PLC SPONS ADRforeign stock	$864,000	+6.7%	20,550	+5.9%	0.19%	+4.4%
ZBH	Buy	ZIMMER HOLDINGS INC	$844,000	+11.9%	10,284	+2.2%	0.18%	+8.9%
DOW	Buy	DOW	$825,000	+45.2%	21,486	+21.7%	0.18%	+40.9%
AGN	Sell	ALLERGAN INC	$771,000	-71.0%	8,519	-73.0%	0.17%	-71.8%
GOOGL	Buy	GOOGLE	$713,000	+3.2%	813	+3.6%	0.16%	+0.6%
LLY	Sell	ELI	$673,000	-4.7%	13,384	-6.8%	0.15%	-7.0%
AMGN	Sell	AMGEN	$655,000	+13.5%	5,852	-0.0%	0.14%	+10.1%
ENZ	Buy	ENZO BIOCHEM INC	$649,000	+25.0%	257,672	+3.3%	0.14%	+21.6%
TGT	Sell	TARGET	$643,000	-8.8%	10,050	-2.0%	0.14%	-10.8%
DVN	Buy	DEVON ENERGY CORP	$642,000	+11.7%	11,126	+0.5%	0.14%	+8.6%
ESBK	Buy	ELMIRA SAVINGS BANK	$637,000	+22.3%	26,261	+8.7%	0.14%	+19.0%
EWH	Sell	ISHARESmutual funds -	$621,000	-4.3%	31,005	-12.4%	0.14%	-6.9%
SO	Buy	SOUTHERN COMPANY	$527,000	-4.4%	12,803	+2.6%	0.11%	-7.3%
GD	Sell	GENERAL DYNAMICS	$525,000	+10.1%	5,988	-1.6%	0.11%	+7.5%
KMB	Buy	KIMBERLY	$515,000	-0.2%	5,467	+2.9%	0.11%	-2.6%
PRU	Buy	PRUDENTIAL FINANCIAL INC	$510,000	+11.8%	6,550	+4.8%	0.11%	+8.8%
DE	Buy	DEERE & CO	$500,000	+0.6%	6,138	+0.3%	0.11%	-1.8%
TWC	Buy	TIME	$498,000	-0.6%	4,470	+0.4%	0.11%	-3.6%
TJX	Sell	TJX	$480,000	+12.4%	8,524	-0.0%	0.10%	+9.5%
PM	Sell	PHILIP	$470,000	-2.7%	5,432	-2.7%	0.10%	-5.6%
MO	Buy	ALTRIA	$463,000	+22.2%	13,485	+24.4%	0.10%	+20.2%
UNP	Buy	UNION	$452,000	+12.2%	2,912	+11.6%	0.10%	+8.9%
TWX	Buy	TIME	$426,000	+29.9%	6,471	+14.4%	0.09%	+27.4%
IVV	Buy	ISHARESmutual funds -	$427,000	+8.1%	2,529	+3.1%	0.09%	+5.7%
SE	Buy	SPECTRA	$429,000	+9.7%	12,540	+10.7%	0.09%	+6.9%
NEE	Sell	NEXTERA	$425,000	-6.8%	5,301	-5.4%	0.09%	-9.8%
GLD	Sell	SPDRmutual funds -	$420,000	+5.8%	3,275	-1.5%	0.09%	+3.4%
CY	Sell	CYPRESS SEMICONDUCTOR CORP	$398,000	-12.9%	42,600	-0.0%	0.09%	-15.7%
APA	Buy	APACHE CORP	$393,000	+3.7%	4,623	+2.2%	0.08%	+1.2%
BBT	Buy	BB&T	$374,000	+37.0%	11,075	+37.2%	0.08%	+32.8%
ESRX	Buy	EXPRESS	$360,000	+3.7%	5,817	+3.7%	0.08%	+1.3%
SYY	Sell	SYSCO	$355,000	-18.6%	11,137	-12.7%	0.08%	-20.6%
KRFT	Buy	KRAFT	$335,000	+42.6%	6,370	+51.5%	0.07%	+40.4%
VOD	Buy	VODAFONEforeign stock	$314,000	+33.6%	8,917	+9.1%	0.07%	+30.8%
QQQ	Buy	POWERSHARESmutual funds -	$310,000	+30.8%	3,930	+18.0%	0.07%	+26.4%
DOV	Buy	DOVER	$300,000	+15.8%	3,338	+0.2%	0.06%	+12.1%
LOW	Sell	LOWES	$275,000	+15.5%	5,774	-0.9%	0.06%	+13.2%
MDT	New	MEDTRONIC	$247,000	–	4,636	–	0.05%	–
PPL	Buy	PPL CORP	$247,000	+14.4%	8,123	+14.0%	0.05%	+12.5%
HOLX	Sell	HOLOGIC	$232,000	-22.7%	11,200	-28.0%	0.05%	-25.4%
EWY	New	ISHARESmutual funds -	$224,000	–	3,650	–	0.05%	–
DBC	Sell	POWERSHARESmutual funds-al	$212,000	-54.2%	8,225	-55.3%	0.05%	-55.3%
UPS	New	UNITED	$212,000	–	2,317	–	0.05%	–
PXD	New	PIONEER	$209,000	–	1,106	–	0.04%	–
ORCL	New	ORACLE	$208,000	–	6,262	–	0.04%	–
MDLZ	New	MONDELEZ	$209,000	–	6,648	–	0.04%	–
HON	New	HONEYWELL	$203,000	–	2,440	–	0.04%	–
GFIG	Buy	GFI	$56,000	+7.7%	14,260	+6.3%	0.01%	0.0%
AAMRQ	Exit	AMR	$0	–	-11,000	–	-0.01%	–
MA	Exit	MASTERCARD	$0	–	-548	–	-0.07%	–
MOS	Exit	MOSAIC	$0	–	-6,015	–	-0.07%	–

Q2 2013

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON	$19,990,000	–	232,823	–	4.45%	–
XOM	New	EXXON MOBIL CORP	$18,652,000	–	206,438	–	4.16%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$18,234,000	–	544,468	–	4.06%	–
IBM	New	INTERNATIONAL	$16,314,000	–	85,368	–	3.64%	–
GE	New	GENERAL	$15,488,000	–	667,869	–	3.45%	–
GLW	New	CORNING	$13,895,000	–	976,472	–	3.10%	–
PG	New	PROCTER	$13,650,000	–	177,298	–	3.04%	–
CVX	New	CHEVRON	$10,645,000	–	89,956	–	2.37%	–
KO	New	COCA-COLA	$10,479,000	–	261,246	–	2.34%	–
PEP	New	PEPSICO	$10,347,000	–	126,504	–	2.30%	–
PFE	New	PFIZER	$10,299,000	–	367,677	–	2.30%	–
F	New	FORD	$9,605,000	–	620,887	–	2.14%	–
UTX	New	UNITED	$9,491,000	–	102,119	–	2.12%	–
EMR	New	EMERSON	$9,074,000	–	166,360	–	2.02%	–
JPM	New	JP	$8,367,000	–	158,493	–	1.86%	–
MSFT	New	MICROSOFT	$7,229,000	–	209,286	–	1.61%	–
QCOM	New	QUALCOMM INC	$6,823,000	–	111,694	–	1.52%	–
MCD	New	MCDONALDS CORP	$6,747,000	–	68,147	–	1.50%	–
SDRL	New	SEADRILLforeign stock	$6,617,000	–	162,435	–	1.47%	–
BA	New	BOEING	$6,393,000	–	62,407	–	1.42%	–
INTC	New	INTEL	$6,303,000	–	260,174	–	1.40%	–
WFC	New	WELLS	$6,219,000	–	150,706	–	1.39%	–
SNDK	New	SANDISK CORP	$6,148,000	–	100,626	–	1.37%	–
HD	New	HOME	$6,097,000	–	78,702	–	1.36%	–
NOV	New	NATIONAL	$6,045,000	–	87,738	–	1.35%	–
WMT	New	WAL-MART	$6,004,000	–	80,605	–	1.34%	–
AAPL	New	APPLE	$5,983,000	–	15,090	–	1.33%	–
BMY	New	BRISTOL	$5,653,000	–	126,484	–	1.26%	–
CSCO	New	CISCO	$5,461,000	–	224,441	–	1.22%	–
T	New	AT&T	$5,402,000	–	152,611	–	1.20%	–
VZ	New	VERIZON	$5,150,000	–	102,303	–	1.15%	–
KYN	New	KAYNEmutual funds -	$5,115,000	–	131,532	–	1.14%	–
MRK	New	MERCK	$4,913,000	–	105,773	–	1.10%	–
CVD	New	COVANCE INC	$4,607,000	–	60,509	–	1.03%	–
CNI	New	CANADIANforeign stock	$4,579,000	–	47,071	–	1.02%	–
SPMD	New	SPDRmutual funds -	$4,564,000	–	60,000	–	1.02%	–
TIP	New	ISHARESmutual funds -	$4,467,000	–	39,881	–	1.00%	–
CL	New	COLGATE PALMOLIVE	$4,462,000	–	77,871	–	0.99%	–
AMAT	New	APPLIED MATERIALS INC	$4,442,000	–	297,781	–	0.99%	–
TOL	New	TOLL BROTHERS INC	$4,219,000	–	129,283	–	0.94%	–
EMC	New	EMC CORP	$4,189,000	–	177,334	–	0.93%	–
BAC	New	BANK	$4,184,000	–	325,305	–	0.93%	–
MTB	New	M&T BANK CORP	$4,065,000	–	36,384	–	0.91%	–
TRV	New	THE	$3,910,000	–	48,916	–	0.87%	–
PAYX	New	PAYCHEX INC	$3,605,000	–	98,742	–	0.80%	–
XLK	New	SECTOR SPDRmutual funds -	$3,485,000	–	113,950	–	0.78%	–
D	New	DOMINION	$3,348,000	–	58,920	–	0.75%	–
CAT	New	CATERPILLAR	$3,303,000	–	40,037	–	0.74%	–
DD	New	DUPONT	$3,262,000	–	62,125	–	0.73%	–
MMM	New	3M CO	$3,198,000	–	29,244	–	0.71%	–
X	New	UNITED STATES STEEL CORP	$3,184,000	–	181,640	–	0.71%	–
XLF	New	SECTOR SPDRmutual funds -	$2,903,000	–	149,305	–	0.65%	–
DHI	New	DR HORTON INC	$2,812,000	–	132,153	–	0.63%	–
ABBV	New	ABBVIE	$2,800,000	–	67,731	–	0.62%	–
AGN	New	ALLERGAN INC	$2,658,000	–	31,563	–	0.59%	–
IYZ	New	ISHARESmutual funds -	$2,538,000	–	98,209	–	0.57%	–
IWO	New	ISHARESmutual funds -	$2,495,000	–	22,371	–	0.56%	–
XLU	New	SECTOR SPDRmutual funds -	$2,310,000	–	61,375	–	0.52%	–
ABT	New	ABBOTT	$2,299,000	–	65,948	–	0.51%	–
DHR	New	DANAHER	$2,166,000	–	34,216	–	0.48%	–
IWN	New	ISHARESmutual funds -	$2,153,000	–	25,074	–	0.48%	–
GCI	New	GANNETT	$2,010,000	–	82,162	–	0.45%	–
BRKB	New	BERKSHIRE	$1,971,000	–	17,608	–	0.44%	–
PCL	New	PLUM CREEK TIMBER CO INC	$1,951,000	–	41,795	–	0.44%	–
GS	New	GOLDMAN	$1,913,000	–	12,642	–	0.43%	–
NUE	New	NUCOR	$1,861,000	–	42,966	–	0.42%	–
DIS	New	WALT	$1,731,000	–	27,421	–	0.39%	–
AXP	New	AMERICAN	$1,581,000	–	21,153	–	0.35%	–
DUK	New	DUKE	$1,526,000	–	22,608	–	0.34%	–
SU	New	SUNCORforeign stock	$1,488,000	–	50,443	–	0.33%	–
MET	New	METLIFE	$1,414,000	–	30,897	–	0.32%	–
EEM	New	ISHARESmutual funds -	$1,355,000	–	35,198	–	0.30%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,323,000	–	19,215	–	0.30%	–
COP	New	CONOCOPHILLIPS	$1,294,000	–	21,386	–	0.29%	–
J	New	JACOBS ENGINEERING GROUP INC	$1,060,000	–	19,234	–	0.24%	–
SIGM	New	SIGMA	$970,000	–	192,060	–	0.22%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$930,000	–	12,987	–	0.21%	–
PSX	New	PHILLIPS	$900,000	–	15,278	–	0.20%	–
TXN	New	TEXAS	$895,000	–	25,686	–	0.20%	–
ADM	New	ARCHER	$877,000	–	25,874	–	0.20%	–
COST	New	COSTCO	$863,000	–	7,809	–	0.19%	–
FCX	New	FREEPORT	$818,000	–	29,619	–	0.18%	–
VWO	New	VANGUARDmutual funds -	$809,000	–	20,855	–	0.18%	–
BP	New	B P AMOCO PLC SPONS ADRforeign stock	$810,000	–	19,414	–	0.18%	–
ZBH	New	ZIMMER HOLDINGS INC	$754,000	–	10,059	–	0.17%	–
LLY	New	ELI	$706,000	–	14,365	–	0.16%	–
TGT	New	TARGET	$705,000	–	10,250	–	0.16%	–
GOOGL	New	GOOGLE	$691,000	–	785	–	0.15%	–
EWH	New	ISHARESmutual funds -	$649,000	–	35,380	–	0.14%	–
WAG	New	WALGREEN	$615,000	–	13,912	–	0.14%	–
AMGN	New	AMGEN	$577,000	–	5,853	–	0.13%	–
DVN	New	DEVON ENERGY CORP	$575,000	–	11,076	–	0.13%	–
DOW	New	DOW	$568,000	–	17,661	–	0.13%	–
SO	New	SOUTHERN COMPANY	$551,000	–	12,484	–	0.12%	–
ENZ	New	ENZO BIOCHEM INC	$519,000	–	249,434	–	0.12%	–
ESBK	New	ELMIRA SAVINGS BANK	$521,000	–	24,161	–	0.12%	–
KMB	New	KIMBERLY	$516,000	–	5,313	–	0.12%	–
TWC	New	TIME	$501,000	–	4,453	–	0.11%	–
DE	New	DEERE & CO	$497,000	–	6,122	–	0.11%	–
PM	New	PHILIP	$483,000	–	5,580	–	0.11%	–
GD	New	GENERAL DYNAMICS	$477,000	–	6,088	–	0.11%	–
DBC	New	POWERSHARESmutual funds-al	$463,000	–	18,421	–	0.10%	–
NEE	New	NEXTERA	$456,000	–	5,601	–	0.10%	–
CY	New	CYPRESS SEMICONDUCTOR CORP	$457,000	–	42,601	–	0.10%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$456,000	–	6,250	–	0.10%	–
SYY	New	SYSCO	$436,000	–	12,762	–	0.10%	–
TJX	New	TJX	$427,000	–	8,527	–	0.10%	–
	New	NESTLEforeign stock	$417,000	–	6,338	–	0.09%	–
UNP	New	UNION	$403,000	–	2,609	–	0.09%	–
IVV	New	ISHARESmutual funds -	$395,000	–	2,454	–	0.09%	–
GLD	New	SPDRmutual funds -	$397,000	–	3,325	–	0.09%	–
SE	New	SPECTRA	$391,000	–	11,333	–	0.09%	–
APA	New	APACHE CORP	$379,000	–	4,523	–	0.08%	–
MO	New	ALTRIA	$379,000	–	10,840	–	0.08%	–
TEVA	New	TEVAforeign stock	$365,000	–	9,297	–	0.08%	–
ESRX	New	EXPRESS	$347,000	–	5,611	–	0.08%	–
TWX	New	TIME	$328,000	–	5,656	–	0.07%	–
MOS	New	MOSAIC	$324,000	–	6,015	–	0.07%	–
MA	New	MASTERCARD	$315,000	–	548	–	0.07%	–
HOLX	New	HOLOGIC	$300,000	–	15,555	–	0.07%	–
STJ	New	ST JUDE MEDICAL INC	$284,000	–	6,241	–	0.06%	–
BBT	New	BB&T	$273,000	–	8,075	–	0.06%	–
DOV	New	DOVER	$259,000	–	3,333	–	0.06%	–
LOW	New	LOWES	$238,000	–	5,825	–	0.05%	–
QQQ	New	POWERSHARESmutual funds -	$237,000	–	3,330	–	0.05%	–
VOD	New	VODAFONEforeign stock	$235,000	–	8,175	–	0.05%	–
KRFT	New	KRAFT	$235,000	–	4,204	–	0.05%	–
PPL	New	PPL CORP	$216,000	–	7,124	–	0.05%	–
GFIG	New	GFI	$52,000	–	13,410	–	0.01%	–
AAMRQ	New	AMR	$44,000	–	11,000	–	0.01%	–
LPPI	New	LEEP	$0	–	35,960	–	0.00%	–

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