CITIZENS & NORTHERN CORP Activity Q4 2010-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
VONG	Sell	Vanguard Russell 1000 Growth ETFvng rus1000grw	$31,055,745	-12.3%	453,766	-9.3%	12.47%	-6.8%
GUNR	Buy	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$22,277,668	+8.4%	550,882	+7.4%	8.95%	+15.2%
FREL	Buy	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$15,544,575	-7.1%	683,278	+2.5%	6.24%	-1.2%
MSFT	Sell	Microsoft Corp	$10,568,153	-7.7%	33,470	-0.5%	4.24%	-1.9%
AAPL	Sell	Apple Computer Inc	$10,013,730	-12.6%	58,488	-1.0%	4.02%	-7.1%
EMB	Buy	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$8,606,258	-3.8%	104,293	+0.9%	3.46%	+2.2%
IJH	Sell	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$8,172,446	-5.7%	32,775	-1.1%	3.28%	+0.2%
SPMD	Sell	SPDR Portfolio S&P 400 Mid Cap ETFportfolio s&p400	$7,807,713	-9.0%	178,299	-4.6%	3.14%	-3.3%
GOOG	Sell	Alphabet Inc Class Ccap stk cl c	$7,649,937	+5.6%	58,020	-3.1%	3.07%	+12.2%
CZNC	Sell	Citizens & Northern Corp	$5,593,838	-9.1%	318,737	-0.1%	2.25%	-3.4%
NVDA	Buy	Nvidia Corp	$4,878,848	+4.1%	11,216	+1.2%	1.96%	+10.6%
AMZN	Sell	Amazon Communications Inc	$4,501,319	-3.8%	35,410	-1.4%	1.81%	+2.3%
CZFS	Buy	Citizens Financial Services Inc	$4,237,901	-34.9%	88,437	+1.2%	1.70%	-30.8%
MA	Sell	Mastercard Inc Class Acl a	$4,020,862	-3.7%	10,156	-4.4%	1.62%	+2.3%
JPM	Sell	JPMorgan Chase & Co	$3,773,710	-2.3%	26,022	-2.1%	1.52%	+3.8%
XOM	Sell	Exxon Mobil Corp	$3,476,841	+9.1%	29,570	-0.5%	1.40%	+15.9%
COST	Sell	Costco Wholesale Corp (New)	$3,339,479	+3.6%	5,911	-1.3%	1.34%	+10.1%
FB	Sell	Meta Platforms Inccl a	$3,187,630	+2.6%	10,618	-1.9%	1.28%	+9.0%
PG	Buy	Procter & Gamble Co	$2,842,520	-3.3%	19,488	+0.6%	1.14%	+2.8%
CRM	Sell	Salesforce, Inc.	$2,266,269	-4.3%	11,176	-0.3%	0.91%	+1.7%
ABT	Sell	Abbott Labs	$2,255,830	-11.2%	23,292	-0.1%	0.91%	-5.6%
MDLZ	Sell	Mondelez Intl Inc Class Acl a	$2,210,876	-7.6%	31,857	-2.8%	0.89%	-1.8%
MBB	Buy	iShares Barclays MBS Bond Fund ETFmbs etf	$2,148,871	-2.0%	24,199	+3.0%	0.86%	+4.2%
SLB	Sell	Schlumberger Ltd	$2,096,526	+14.2%	35,961	-3.8%	0.84%	+21.3%
CMCSA	Sell	Comcast Corp Class Acl a	$2,061,411	+4.2%	46,491	-2.4%	0.83%	+10.7%
CVS	Sell	CVS Health Corporation	$2,045,726	-3.2%	29,300	-4.1%	0.82%	+3.0%
IBM	Sell	International Business Machines	$2,027,195	+1.8%	14,449	-2.9%	0.81%	+8.2%
NKE	Sell	Nike, Inc. Class Bcl b	$2,025,040	-15.5%	21,178	-2.4%	0.81%	-10.2%
CMG	Buy	Chipotle Mexican Grill Inc Corp Common	$1,982,040	-14.0%	1,082	+0.5%	0.80%	-8.6%
HD	Sell	Home Depot Inc	$1,980,961	-3.5%	6,556	-0.8%	0.80%	+2.7%
PANW	Sell	Palo Alto Networks Inc Common	$1,778,227	-8.4%	7,585	-0.1%	0.71%	-2.6%
CSCO	Sell	Cisco Systems Inc	$1,767,252	-0.1%	32,873	-3.9%	0.71%	+6.1%
HON	Sell	Honeywell Intl Inc	$1,735,448	-12.7%	9,394	-2.0%	0.70%	-7.2%
BX	Buy	Blackstone Inc	$1,724,954	+15.8%	16,100	+0.5%	0.69%	+23.1%
MCD	Sell	McDonalds Corp	$1,711,833	-12.7%	6,498	-1.1%	0.69%	-7.3%
GD	Sell	General Dynamics Corp	$1,706,330	-0.9%	7,722	-3.5%	0.68%	+5.2%
NSC	Buy	Norfolk Southern Corp	$1,654,803	-12.4%	8,403	+0.9%	0.66%	-6.7%
ADI	Sell	Analog Devices Inc	$1,652,675	-11.3%	9,439	-1.3%	0.66%	-5.7%
AMT	Sell	American Tower REIT Inc	$1,563,097	-18.1%	9,505	-3.4%	0.63%	-12.9%
TJX	Sell	Tjx Companies (New)	$1,558,600	+2.8%	17,536	-1.9%	0.63%	+9.2%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$1,551,778	-21.7%	13,828	+1.5%	0.62%	-16.8%
GWW	Sell	W W Grainger Inc	$1,549,722	-13.4%	2,240	-1.3%	0.62%	-8.0%
	Sell	GSK PLC ADRsponsored adr	$1,486,649	-1.7%	41,011	-3.4%	0.60%	+4.4%
ORCL	Buy	Oracle Corp	$1,466,886	-10.4%	13,849	+0.7%	0.59%	-4.8%
ICE	Sell	Intercontinental Exchange Inc Common	$1,445,223	-5.3%	13,136	-2.7%	0.58%	+0.5%
TFC	Buy	Truist Financial Corporation	$1,376,484	-3.7%	48,112	+2.2%	0.55%	+2.4%
KO	Sell	Coca Cola Co	$1,372,910	-9.0%	24,525	-2.1%	0.55%	-3.3%
ADBE	Sell	Adobe Systems Inc	$1,366,022	+1.4%	2,679	-2.8%	0.55%	+7.9%
CVX	Sell	Chevron Corp	$1,344,576	+3.3%	7,974	-3.6%	0.54%	+9.8%
SPY	Sell	SPDR S&P 500 ETF Trusttr unit	$1,282,440	-4.2%	3,000	-0.7%	0.52%	+1.8%
PFE	Sell	Pfizer Inc	$1,271,207	-11.7%	38,324	-2.3%	0.51%	-6.2%
ABC	Sell	Cencora, Inc.	$1,267,529	-10.0%	7,043	-3.8%	0.51%	-4.3%
BDX	Buy	Becton, Dickinson & Co.	$1,240,168	-1.4%	4,797	+0.7%	0.50%	+4.8%
CDW	Sell	CDW Corporation	$1,234,569	+1.4%	6,119	-7.8%	0.50%	+7.8%
MMC	Sell	Marsh & McLennan Cos Inc	$1,230,670	-2.4%	6,467	-3.5%	0.49%	+3.8%
EOG	Sell	EOG Resources, Inc.	$1,184,319	+6.0%	9,343	-4.3%	0.48%	+12.8%
BIIB	Sell	Biogen Idec Inc	$1,180,704	-12.3%	4,594	-2.8%	0.47%	-6.9%
BMY	Sell	Bristol Myers Squibb Co	$1,167,300	-12.7%	20,112	-3.8%	0.47%	-7.1%
MAS	Sell	Masco Corp	$1,135,438	-6.9%	21,243	-0.1%	0.46%	-1.1%
	Buy	Bath & Body Works	$1,125,405	-8.7%	33,296	+1.3%	0.45%	-3.0%
HAL	Sell	Halliburton Co	$1,123,025	+16.8%	27,729	-4.8%	0.45%	+24.2%
EL	Buy	Lauder (Estee) Cos Inc Class Acl a	$1,115,637	-26.4%	7,718	+0.0%	0.45%	-21.8%
NEE	Sell	Nextera Energy Inc	$1,053,907	-24.3%	18,396	-1.9%	0.42%	-19.6%
UNP	Buy	Union Pacific Corp	$1,028,332	-0.4%	5,050	+0.1%	0.41%	+5.9%
BLK	Sell	Blackrock, Inc.	$950,987	-7.3%	1,471	-0.9%	0.38%	-1.5%
T	Sell	AT&T Inc	$907,568	-7.3%	60,424	-1.6%	0.36%	-1.6%
BA	Buy	Boeing Co	$880,386	-9.2%	4,593	+0.0%	0.35%	-3.3%
DD	Sell	DuPont de Nemours Inc	$848,983	+2.6%	11,382	-1.7%	0.34%	+8.9%
SPTL	Buy	SPDR Portfolio Long Term Treasury ETFportfolio ln tsr	$847,626	-7.7%	32,414	+5.6%	0.34%	-2.0%
SCHW	Buy	Charles Schwab Corp	$797,093	-1.4%	14,519	+1.8%	0.32%	+4.6%
IWF	Sell	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$758,869	-6.9%	2,853	-3.6%	0.30%	-1.0%
FCX	Sell	Freeport-McMoran, Inc.cl b	$717,833	-9.0%	19,250	-2.4%	0.29%	-3.4%
GLW	Sell	Corning Inc	$681,492	-13.0%	22,366	-0.0%	0.27%	-7.4%
HYG	Buy	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$542,874	+0.0%	7,364	+1.9%	0.22%	+6.3%
DIS	Sell	Disney Walt Co	$541,657	-10.2%	6,683	-1.1%	0.22%	-4.4%
IWD	Sell	iShares Russell 1000 Value ETFrus 1000 val etf	$450,450	-9.5%	2,967	-5.9%	0.18%	-3.7%
JNJ	Buy	Johnson & Johnson	$422,083	-5.8%	2,710	+0.1%	0.17%	0.0%
TIP	Buy	iShares Barclays TIPS Bond Fundtips bd etf	$329,830	+7.5%	3,180	+11.5%	0.13%	+13.8%
UNH	Buy	Unitedhealth Group, Inc.	$324,194	+5.4%	643	+0.5%	0.13%	+12.1%
BNDC	Buy	FlexShares Core Select Bond Fund ETFcre slct bd fd	$274,547	-0.1%	12,960	+4.3%	0.11%	+5.8%
CME	Sell	CME Group Inc	$247,472	+7.6%	1,236	-0.4%	0.10%	+13.8%
LLY	New	Eli Lilly & Co	$219,149	–	408	–	0.09%	–
NFG	New	National Fuel Gas Co N J	$203,643	–	3,923	–	0.08%	–
ESG	Exit	FlexShares STOXX US ESG Select Index ETFstox us esg slct	$0	–	-1,982	–	-0.08%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.09%	–

Q2 2023

			Value		Shares		↓ Weighting
VONG	New	Vanguard Russell 1000 Growth ETFvng rus1000grw	$35,393,374	–	500,189	–	13.38%	–
GUNR	New	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$20,545,332	–	512,736	–	7.76%	–
FREL	New	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$16,726,123	–	666,645	–	6.32%	–
AAPL	New	Apple Computer Inc	$11,457,420	–	59,068	–	4.33%	–
MSFT	New	Microsoft Corp	$11,450,317	–	33,624	–	4.33%	–
EMB	New	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$8,948,063	–	103,398	–	3.38%	–
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$8,667,278	–	33,147	–	3.28%	–
SPMD	New	SPDR Portfolio S&P 400 Mid Cap ETFportfolio s&p400	$8,576,520	–	186,893	–	3.24%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$7,243,442	–	59,878	–	2.74%	–
CZFS	New	Citizens Financial Services Inc	$6,507,933	–	87,390	–	2.46%	–
CZNC	New	Citizens & Northern Corp	$6,156,189	–	318,974	–	2.33%	–
NVDA	New	Nvidia Corp	$4,687,908	–	11,082	–	1.77%	–
AMZN	New	Amazon Communications Inc	$4,679,533	–	35,897	–	1.77%	–
MA	New	Mastercard Inc Class Acl a	$4,176,453	–	10,619	–	1.58%	–
JPM	New	JPMorgan Chase & Co	$3,864,341	–	26,570	–	1.46%	–
COST	New	Costco Wholesale Corp (New)	$3,224,358	–	5,989	–	1.22%	–
XOM	New	Exxon Mobil Corp	$3,187,148	–	29,717	–	1.20%	–
FB	New	Meta Platforms Inccl a	$3,107,419	–	10,828	–	1.17%	–
PG	New	Procter & Gamble Co	$2,938,445	–	19,365	–	1.11%	–
ABT	New	Abbott Labs	$2,541,038	–	23,308	–	0.96%	–
NKE	New	Nike, Inc. Class Bcl b	$2,395,802	–	21,707	–	0.90%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$2,391,776	–	32,791	–	0.90%	–
CRM	New	Salesforce, Inc.	$2,368,647	–	11,212	–	0.90%	–
CMG	New	Chipotle Mexican Grill Inc Corp Common	$2,303,703	–	1,077	–	0.87%	–
MBB	New	iShares Barclays MBS Bond Fund ETFmbs etf	$2,192,007	–	23,503	–	0.83%	–
CVS	New	CVS Health Corporation	$2,112,682	–	30,561	–	0.80%	–
HD	New	Home Depot Inc	$2,052,088	–	6,606	–	0.78%	–
IBM	New	International Business Machines	$1,990,558	–	14,876	–	0.75%	–
HON	New	Honeywell Intl Inc	$1,988,265	–	9,582	–	0.75%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$1,982,781	–	13,618	–	0.75%	–
CMCSA	New	Comcast Corp Class Acl a	$1,978,653	–	47,621	–	0.75%	–
MCD	New	McDonalds Corp	$1,961,449	–	6,573	–	0.74%	–
PANW	New	Palo Alto Networks Inc Common	$1,940,854	–	7,596	–	0.73%	–
AMT	New	American Tower REIT Inc	$1,907,400	–	9,835	–	0.72%	–
NSC	New	Norfolk Southern Corp	$1,888,004	–	8,326	–	0.71%	–
ADI	New	Analog Devices Inc	$1,862,773	–	9,562	–	0.70%	–
SLB	New	Schlumberger Ltd	$1,835,320	–	37,364	–	0.69%	–
GWW	New	W W Grainger Inc	$1,789,311	–	2,269	–	0.68%	–
CSCO	New	Cisco Systems Inc	$1,769,508	–	34,200	–	0.67%	–
GD	New	General Dynamics Corp	$1,722,491	–	8,006	–	0.65%	–
ORCL	New	Oracle Corp	$1,637,488	–	13,750	–	0.62%	–
ICE	New	Intercontinental Exchange Inc Common	$1,526,806	–	13,502	–	0.58%	–
TJX	New	Tjx Companies (New)	$1,516,300	–	17,883	–	0.57%	–
EL	New	Lauder (Estee) Cos Inc Class Acl a	$1,515,268	–	7,716	–	0.57%	–
	New	GSK PLC ADRsponsored adr	$1,512,597	–	42,441	–	0.57%	–
KO	New	Coca Cola Co	$1,507,969	–	25,041	–	0.57%	–
BX	New	Blackstone Inc	$1,489,008	–	16,016	–	0.56%	–
PFE	New	Pfizer Inc	$1,439,066	–	39,233	–	0.54%	–
TFC	New	Truist Financial Corporation	$1,429,090	–	47,087	–	0.54%	–
ABC	New	Amerisourcebergen Corp	$1,408,972	–	7,322	–	0.53%	–
NEE	New	Nextera Energy Inc	$1,391,621	–	18,755	–	0.53%	–
ADBE	New	Adobe Systems Inc	$1,347,656	–	2,756	–	0.51%	–
BIIB	New	Biogen Idec Inc	$1,345,916	–	4,725	–	0.51%	–
SPY	New	SPDR S&P 500 ETF Trusttr unit	$1,338,706	–	3,020	–	0.51%	–
BMY	New	Bristol Myers Squibb Co	$1,336,683	–	20,902	–	0.50%	–
CVX	New	Chevron Corp	$1,301,914	–	8,274	–	0.49%	–
MMC	New	Marsh & McLennan Cos Inc	$1,260,700	–	6,703	–	0.48%	–
BDX	New	Becton, Dickinson & Co.	$1,257,480	–	4,763	–	0.48%	–
	New	Bath & Body Works	$1,231,988	–	32,853	–	0.47%	–
MAS	New	Masco Corp	$1,219,727	–	21,257	–	0.46%	–
CDW	New	CDW Corporation	$1,218,073	–	6,638	–	0.46%	–
EOG	New	EOG Resources, Inc.	$1,117,163	–	9,762	–	0.42%	–
UNP	New	Union Pacific Corp	$1,032,103	–	5,044	–	0.39%	–
BLK	New	Blackrock, Inc.	$1,025,652	–	1,484	–	0.39%	–
T	New	AT&T Inc	$979,521	–	61,412	–	0.37%	–
BA	New	Boeing Co	$969,647	–	4,592	–	0.37%	–
HAL	New	Halliburton Co	$961,164	–	29,135	–	0.36%	–
BNDX	New	Vanguard Total International Bond Index Fund ETFtotal int bd etf	$955,995	–	19,558	–	0.36%	–
SPTL	New	SPDR Portfolio Long Term Treasury ETFportfolio ln tsr	$918,050	–	30,704	–	0.35%	–
DIA	New	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$874,411	–	2,543	–	0.33%	–
DD	New	DuPont de Nemours Inc	$827,490	–	11,583	–	0.31%	–
IWF	New	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$814,808	–	2,961	–	0.31%	–
SCHW	New	Charles Schwab Corp	$808,597	–	14,266	–	0.31%	–
FCX	New	Freeport-McMoran, Inc.cl b	$789,240	–	19,731	–	0.30%	–
GLW	New	Corning Inc	$783,740	–	22,367	–	0.30%	–
VIG	New	Vanguard Dividend Appreciation Index ETFdiv app etf	$613,173	–	3,775	–	0.23%	–
DIS	New	Disney Walt Co	$603,086	–	6,755	–	0.23%	–
HYG	New	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$542,756	–	7,230	–	0.20%	–
ROP	New	Roper Industries Inc New	$536,092	–	1,115	–	0.20%	–
VZ	New	Verizon Communications	$527,763	–	14,191	–	0.20%	–
IWD	New	iShares Russell 1000 Value ETFrus 1000 val etf	$497,638	–	3,153	–	0.19%	–
JNJ	New	Johnson & Johnson	$447,897	–	2,706	–	0.17%	–
DE	New	Deere & Co	$399,112	–	985	–	0.15%	–
BRKB	New	Berkshire Hathaway Inc Class B Newcl b new	$387,376	–	1,136	–	0.15%	–
ITW	New	Illinois Tool Works Inc	$360,731	–	1,442	–	0.14%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$345,871	–	776	–	0.13%	–
TIP	New	iShares Barclays TIPS Bond Fundtips bd etf	$306,825	–	2,851	–	0.12%	–
UNH	New	Unitedhealth Group, Inc.	$307,610	–	640	–	0.12%	–
BNDC	New	FlexShares Core Select Bond Fund ETFcre slct bd fd	$274,879	–	12,424	–	0.10%	–
ROK	New	Rockwell Automation Inc Common	$263,560	–	800	–	0.10%	–
LOW	New	Lowes Cos Inc	$259,555	–	1,150	–	0.10%	–
CBU	New	Community Bank System, Inc	$244,526	–	5,216	–	0.09%	–
CME	New	CME Group Inc	$229,945	–	1,241	–	0.09%	–
CAT	New	Caterpillar Inc	$227,596	–	925	–	0.09%	–
ACN	New	Accenture PLC	$222,178	–	720	–	0.08%	–
ESG	New	FlexShares STOXX US ESG Select Index ETFstox us esg slct	$214,211	–	1,982	–	0.08%	–
INTC	New	Intel Corp	$204,352	–	6,111	–	0.08%	–

Q4 2022

			Value		Shares		↓ Weighting
TRVN	Exit	Trevena Inc.	$0	–	-16,000	–	-0.00%	–
LOW	Exit	Lowes Cos Inc	$0	–	-1,071	–	-0.09%	–
LLY	Exit	Eli Lilly & Co	$0	–	-630	–	-0.10%	–
TIP	Exit	iShares Barclays TIPS Bond Fundtips bd etf	$0	–	-1,940	–	-0.10%	–
ESG	Exit	FlexShares STOXX US ESG Select Index ETFstox us esg slct	$0	–	-2,514	–	-0.10%	–
ORCL	Exit	Oracle Corp	$0	–	-3,709	–	-0.11%	–
NFG	Exit	National Fuel Gas Co N J	$0	–	-3,702	–	-0.11%	–
TGT	Exit	Target Corp	$0	–	-1,557	–	-0.11%	–
DHR	Exit	Danaher Corp	$0	–	-913	–	-0.11%	–
CME	Exit	CME Group Inc	$0	–	-1,453	–	-0.12%	–
ITW	Exit	Illinois Tool Works Inc	$0	–	-1,442	–	-0.12%	–
BNDC	Exit	FlexShares Core Select Bond Fund ETFcre slct bd fd	$0	–	-12,494	–	-0.13%	–
T	Exit	AT&T Inc	$0	–	-17,971	–	-0.13%	–
ACN	Exit	Accenture PLC	$0	–	-1,093	–	-0.13%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-815	–	-0.14%	–
BRKB	Exit	Berkshire Hathaway Inc Class B Newcl b new	$0	–	-1,150	–	-0.14%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.15%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-744	–	-0.18%	–
ROP	Exit	Roper Industries Inc New	$0	–	-1,115	–	-0.19%	–
IWD	Exit	iShares Russell 1000 Value ETFrus 1000 val etf	$0	–	-3,153	–	-0.20%	–
HYG	Exit	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$0	–	-6,655	–	-0.22%	–
VIG	Exit	Vanguard Dividend Appreciation Index ETFdiv app etf	$0	–	-3,775	–	-0.24%	–
BA	Exit	Boeing Co	$0	–	-4,372	–	-0.25%	–
FCX	Exit	Freeport-McMoran, Inc.cl b	$0	–	-20,036	–	-0.26%	–
DD	Exit	DuPont de Nemours Inc	$0	–	-11,452	–	-0.27%	–
VZ	Exit	Verizon Communications	$0	–	-15,319	–	-0.27%	–
DIS	Exit	Disney Walt Co	$0	–	-6,733	–	-0.30%	–
GLW	Exit	Corning Inc	$0	–	-22,093	–	-0.30%	–
C	Exit	Citigroup Inc Common New	$0	–	-16,870	–	-0.33%	–
ADBE	Exit	Adobe Systems Inc	$0	–	-2,612	–	-0.34%	–
IWF	Exit	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$0	–	-3,450	–	-0.34%	–
DIA	Exit	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$0	–	-2,543	–	-0.34%	–
BLK	Exit	Blackrock, Inc.	$0	–	-1,392	–	-0.36%	–
BNDX	Exit	Vanguard Total International Bond Index Fund ETFtotal int bd etf	$0	–	-18,530	–	-0.41%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-22,393	–	-0.42%	–
ABC	Exit	Amerisourcebergen Corp	$0	–	-6,683	–	-0.42%	–
INTC	Exit	Intel Corp	$0	–	-35,461	–	-0.43%	–
SLB	Exit	Schlumberger Ltd	$0	–	-25,502	–	-0.43%	–
HAL	Exit	Halliburton Co	$0	–	-38,172	–	-0.44%	–
SPTL	Exit	SPDR Portfolio Long Term Treasury ETFportfolio ln tsr	$0	–	-31,722	–	-0.44%	–
BX	Exit	Blackstone Inc	$0	–	-11,247	–	-0.44%	–
MMC	Exit	Marsh & McLennan Cos Inc	$0	–	-6,442	–	-0.45%	–
UNP	Exit	Union Pacific Corp	$0	–	-5,044	–	-0.46%	–
CDW	Exit	CDW Corporation	$0	–	-6,393	–	-0.47%	–
MAS	Exit	Masco Corp	$0	–	-22,385	–	-0.49%	–
SPY	Exit	SPDR S&P 500 ETF Trusttr unit	$0	–	-3,105	–	-0.52%	–
TJX	Exit	Tjx Companies (New)	$0	–	-18,152	–	-0.53%	–
GWW	Exit	W W Grainger Inc	$0	–	-2,368	–	-0.54%	–
IBM	Exit	International Business Machines	$0	–	-9,980	–	-0.56%	–
CVX	Exit	Chevron Corp	$0	–	-8,572	–	-0.58%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-4,681	–	-0.59%	–
ADI	Exit	Analog Devices Inc	$0	–	-9,121	–	-0.60%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-11,845	–	-0.62%	–
KO	Exit	Coca Cola Co	$0	–	-24,730	–	-0.65%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-13,384	–	-0.66%	–
CMCSA	Exit	Comcast Corp Class Acl a	$0	–	-48,113	–	-0.66%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-20,747	–	-0.69%	–
TFC	Exit	Truist Financial Corporation	$0	–	-34,233	–	-0.70%	–
NEE	Exit	Nextera Energy Inc	$0	–	-19,302	–	-0.71%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-7,348	–	-0.72%	–
MCD	Exit	McDonalds Corp	$0	–	-6,682	–	-0.72%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-17,401	–	-0.74%	–
HON	Exit	Honeywell Intl Inc	$0	–	-9,491	–	-0.74%	–
EL	Exit	Lauder (Estee) Cos Inc Class Acl a	$0	–	-7,593	–	-0.77%	–
MBB	Exit	iShares Barclays MBS Bond Fund ETFmbs etf	$0	–	-17,975	–	-0.77%	–
DE	Exit	Deere & Co	$0	–	-4,957	–	-0.78%	–
CRM	Exit	Salesforce, Inc.	$0	–	-11,530	–	-0.78%	–
GD	Exit	General Dynamics Corp	$0	–	-8,003	–	-0.80%	–
PANW	Exit	Palo Alto Networks Inc Common	$0	–	-10,468	–	-0.80%	–
NVDA	Exit	Nvidia Corp	$0	–	-14,403	–	-0.82%	–
PFE	Exit	Pfizer Inc	$0	–	-40,215	–	-0.82%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-32,346	–	-0.83%	–
JNJ	Exit	Johnson & Johnson	$0	–	-11,004	–	-0.84%	–
HD	Exit	Home Depot Inc	$0	–	-6,576	–	-0.85%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-22,058	–	-0.86%	–
FB	Exit	Meta Platforms Inccl a	$0	–	-14,459	–	-0.92%	–
AMT	Exit	American Tower REIT Inc	$0	–	-9,599	–	-0.97%	–
CMG	Exit	Chipotle Mexican Grill Inc Corp Common	$0	–	-1,395	–	-0.98%	–
PG	Exit	Procter & Gamble Co	$0	–	-16,949	–	-1.00%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-29,645	–	-1.21%	–
ABT	Exit	Abbott Labs	$0	–	-28,025	–	-1.27%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-6,000	–	-1.33%	–
MA	Exit	Mastercard Inc Class Acl a	$0	–	-10,098	–	-1.34%	–
CVS	Exit	CVS Health Corporation	$0	–	-30,093	–	-1.34%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-29,632	–	-1.45%	–
AMZN	Exit	Amazon Communications Inc	$0	–	-36,503	–	-1.93%	–
GOOG	Exit	Alphabet Inc Class Ccap stk cl c	$0	–	-60,082	–	-2.71%	–
CZFS	Exit	Citizens Financial Services Inc	$0	–	-86,937	–	-2.86%	–
MSFT	Exit	Microsoft Corp	$0	–	-33,089	–	-3.61%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-326,876	–	-3.70%	–
EMB	Exit	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$0	–	-102,257	–	-3.80%	–
AAPL	Exit	Apple Computer Inc	$0	–	-63,293	–	-4.10%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-40,200	–	-4.13%	–
FREL	Exit	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$0	–	-543,913	–	-6.10%	–
GUNR	Exit	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$0	–	-510,886	–	-9.00%	–
VONG	Exit	Vanguard Russell 1000 Growth ETFvng rus1000grw	$0	–	-529,096	–	-13.44%	–

Q3 2022

			Value		Shares		↓ Weighting
VONG	Buy	Vanguard Russell 1000 Growth ETFvng rus1000grw	$28,682,000	-2.1%	529,096	+1.7%	13.44%	+5.3%
GUNR	Buy	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$19,204,000	-4.0%	510,886	+1.3%	9.00%	+3.2%
FREL	Buy	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$13,010,000	-10.8%	543,913	+1.3%	6.10%	-4.1%
IJH	Buy	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$8,814,000	-2.6%	40,200	+0.5%	4.13%	+4.7%
AAPL	Buy	Apple Computer Inc	$8,747,000	+1.2%	63,293	+0.1%	4.10%	+8.8%
EMB	Sell	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$8,119,000	-23.5%	102,257	-17.8%	3.80%	-17.7%
CZNC	Sell	Citizens & Northern Corp	$7,904,000	+0.0%	326,876	-0.0%	3.70%	+7.6%
MSFT	Buy	Microsoft Corp	$7,706,000	-9.2%	33,089	+0.1%	3.61%	-2.4%
CZFS	Buy	Citizens Financial Services Inc	$6,103,000	+0.6%	86,937	+0.3%	2.86%	+8.2%
GOOG	Buy	Alphabet Inc Class Ccap stk cl c	$5,777,000	-12.1%	60,082	+1899.4%	2.71%	-5.5%
AMZN	Buy	Amazon Communications Inc	$4,125,000	+6.5%	36,503	+0.1%	1.93%	+14.4%
JPM	Buy	JPMorgan Chase & Co	$3,097,000	-7.0%	29,632	+0.2%	1.45%	0.0%
CVS	Buy	CVS Health Corporation	$2,870,000	+3.0%	30,093	+0.1%	1.34%	+10.8%
MA	Buy	Mastercard Inc Class Acl a	$2,871,000	-9.7%	10,098	+0.2%	1.34%	-3.0%
COST	Buy	Costco Wholesale Corp (New)	$2,834,000	-1.3%	6,000	+0.1%	1.33%	+6.1%
ABT	Buy	Abbott Labs	$2,712,000	-10.8%	28,025	+0.1%	1.27%	-4.1%
XOM	Buy	Exxon Mobil Corp	$2,588,000	+2.1%	29,645	+0.2%	1.21%	+9.9%
PG	Sell	Procter & Gamble Co	$2,140,000	-14.9%	16,949	-3.1%	1.00%	-8.5%
CMG	Sell	Chipotle Mexican Grill Inc Corp Common	$2,096,000	+14.8%	1,395	-0.1%	0.98%	+23.5%
AMT	Buy	American Tower REIT Inc	$2,061,000	-15.8%	9,599	+0.3%	0.97%	-9.4%
FB	Buy	Meta Platforms Inccl a	$1,962,000	-4.3%	14,459	+13.7%	0.92%	+2.8%
NKE	Buy	Nike, Inc. Class Bcl b	$1,833,000	-18.6%	22,058	+0.1%	0.86%	-12.4%
HD	Buy	Home Depot Inc	$1,815,000	+0.8%	6,576	+0.2%	0.85%	+8.4%
JNJ	Buy	Johnson & Johnson	$1,798,000	-7.8%	11,004	+0.1%	0.84%	-0.8%
MDLZ	Buy	Mondelez Intl Inc Class Acl a	$1,774,000	-11.6%	32,346	+0.1%	0.83%	-4.9%
PFE	Sell	Pfizer Inc	$1,760,000	-16.9%	40,215	-0.5%	0.82%	-10.6%
NVDA	Sell	Nvidia Corp	$1,748,000	-20.0%	14,403	-0.1%	0.82%	-14.0%
PANW	Buy	Palo Alto Networks Inc Common	$1,715,000	-0.2%	10,468	+200.7%	0.80%	+7.3%
GD	Buy	General Dynamics Corp	$1,698,000	-4.0%	8,003	+0.1%	0.80%	+3.2%
CRM	Buy	Salesforce, Inc.	$1,658,000	-12.8%	11,530	+0.1%	0.78%	-6.3%
DE	Buy	Deere & Co	$1,655,000	+11.7%	4,957	+0.2%	0.78%	+20.3%
MBB	Sell	iShares Barclays MBS Bond Fund ETFmbs etf	$1,646,000	-9.2%	17,975	-3.3%	0.77%	-2.4%
EL	Buy	Lauder (Estee) Cos Inc Class Acl a	$1,639,000	-15.1%	7,593	+0.1%	0.77%	-8.7%
HON	Buy	Honeywell Intl Inc	$1,585,000	-3.8%	9,491	+0.1%	0.74%	+3.5%
ICE	Buy	Intercontinental Exchange Inc Common	$1,572,000	-3.7%	17,401	+0.2%	0.74%	+3.5%
MCD	Sell	McDonalds Corp	$1,542,000	-6.5%	6,682	-0.0%	0.72%	+0.6%
NSC	Buy	Norfolk Southern Corp	$1,541,000	-7.6%	7,348	+0.2%	0.72%	-0.6%
NEE	Sell	Nextera Energy Inc	$1,513,000	+1.1%	19,302	-0.1%	0.71%	+8.7%
TFC	Buy	Truist Financial Corporation	$1,491,000	-7.8%	34,233	+0.4%	0.70%	-0.9%
BMY	Sell	Bristol Myers Squibb Co	$1,475,000	-8.7%	20,747	-1.1%	0.69%	-1.8%
CMCSA	Buy	Comcast Corp Class Acl a	$1,411,000	-25.1%	48,113	+0.2%	0.66%	-19.5%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$1,399,000	-0.6%	13,384	-0.1%	0.66%	+6.8%
KO	Buy	Coca Cola Co	$1,385,000	-10.9%	24,730	+0.1%	0.65%	-4.1%
EOG	Buy	EOG Resources, Inc.	$1,323,000	+1.5%	11,845	+0.3%	0.62%	+9.2%
ADI	Buy	Analog Devices Inc	$1,271,000	-4.4%	9,121	+0.2%	0.60%	+2.8%
BIIB	Buy	Biogen Idec Inc	$1,250,000	+31.2%	4,681	+0.1%	0.59%	+41.2%
CVX	Buy	Chevron Corp	$1,232,000	-0.6%	8,572	+0.1%	0.58%	+6.9%
IBM	Buy	International Business Machines	$1,186,000	-15.6%	9,980	+0.3%	0.56%	-9.2%
GWW	Buy	W W Grainger Inc	$1,158,000	+7.7%	2,368	+0.1%	0.54%	+16.0%
TJX	Sell	Tjx Companies (New)	$1,128,000	+11.0%	18,152	-0.2%	0.53%	+19.4%
MAS	Buy	Masco Corp	$1,045,000	-7.5%	22,385	+0.3%	0.49%	-0.4%
CDW	Buy	CDW Corporation	$998,000	-0.7%	6,393	+0.2%	0.47%	+6.8%
MMC	Buy	Marsh & McLennan Cos Inc	$962,000	-3.6%	6,442	+0.2%	0.45%	+3.7%
BX	Buy	Blackstone Inc	$941,000	+3.2%	11,247	+12.5%	0.44%	+11.1%
SPTL	Sell	SPDR Portfolio Long Term Treasury ETFportfolio ln tsr	$940,000	-20.5%	31,722	-11.4%	0.44%	-14.7%
HAL	Buy	Halliburton Co	$940,000	-21.1%	38,172	+0.5%	0.44%	-15.2%
SLB	Buy	Schlumberger Ltd	$916,000	+0.8%	25,502	+0.3%	0.43%	+8.3%
INTC	Buy	Intel Corp	$914,000	+4.8%	35,461	+52.1%	0.43%	+12.6%
ABC	Buy	Amerisourcebergen Corp	$904,000	-3.9%	6,683	+0.5%	0.42%	+3.4%
CSCO	Buy	Cisco Systems Inc	$896,000	-6.0%	22,393	+0.2%	0.42%	+1.2%
BNDX	Sell	Vanguard Total International Bond Index Fund ETFtotal int bd etf	$884,000	-33.3%	18,530	-30.7%	0.41%	-28.2%
BLK	Buy	Blackrock, Inc.	$766,000	+22.2%	1,392	+35.3%	0.36%	+31.5%
ADBE	Buy	Adobe Systems Inc	$719,000	-24.5%	2,612	+0.4%	0.34%	-18.8%
C	Buy	Citigroup Inc Common New	$703,000	+26.9%	16,870	+40.1%	0.33%	+36.5%
DIS	Buy	Disney Walt Co	$635,000	+17.4%	6,733	+17.5%	0.30%	+26.3%
VZ	Sell	Verizon Communications	$582,000	-26.4%	15,319	-1.7%	0.27%	-20.9%
DD	Buy	DuPont de Nemours Inc	$577,000	-9.1%	11,452	+0.2%	0.27%	-2.5%
FCX	Buy	Freeport-McMoran, Inc.cl b	$548,000	-6.2%	20,036	+0.3%	0.26%	+1.2%
BA	Buy	Boeing Co	$529,000	+47.8%	4,372	+67.1%	0.25%	+59.0%
HYG	Sell	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$475,000	-16.2%	6,655	-13.7%	0.22%	-9.7%
ACN	Sell	Accenture PLC	$281,000	-7.9%	1,093	-0.5%	0.13%	-0.8%
T	Sell	AT&T Inc	$276,000	-27.9%	17,971	-1.6%	0.13%	-22.8%
BNDC	Buy	FlexShares Core Select Bond Fund ETFcre slct bd fd	$272,000	+20.4%	12,494	+27.2%	0.13%	+29.6%
DHR	Sell	Danaher Corp	$236,000	0.0%	913	-1.7%	0.11%	+7.8%
ESG	New	FlexShares STOXX US ESG Select Index ETFstox us esg slct	$216,000	–	2,514	–	0.10%	–
LLY	Sell	Eli Lilly & Co	$204,000	-5.6%	630	-5.3%	0.10%	+2.1%
LOW	New	Lowes Cos Inc	$201,000	–	1,071	–	0.09%	–
KBWB	Exit	Invesco KBW Bank ETFkbw bk etf	$0	–	-4,428	–	-0.10%	–
SYY	Exit	SYSCO Corp	$0	–	-2,763	–	-0.10%	–
ITA	Exit	iShares Dow Jones U.S. Aerospace and Defense Index Fund ETFus aer def etf	$0	–	-2,851	–	-0.12%	–
XLF	Exit	Financials Select Sector SPDRfinancial	$0	–	-11,324	–	-0.16%	–
SOXX	Exit	iShares PHLX Semiconductor ETFishares semicdtr	$0	–	-1,027	–	-0.16%	–
XLC	Exit	Communication Services Select Sector SPDR ETF	$0	–	-7,405	–	-0.18%	–
SCZ	Exit	iShares MSCI EAFE Small Cap Index ETFeafe sml cp etf	$0	–	-24,897	–	-0.59%	–

Q2 2022

			Value		Shares		↓ Weighting
VONG	New	Vanguard Russell 1000 Growth ETFvng rus1000grw	$29,285,000	–	520,337	–	12.76%	–
GUNR	New	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$20,013,000	–	504,479	–	8.72%	–
FREL	New	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$14,584,000	–	536,949	–	6.36%	–
EMB	New	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$10,609,000	–	124,349	–	4.62%	–
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$9,050,000	–	40,002	–	3.94%	–
AAPL	New	Apple Computer Inc	$8,646,000	–	63,238	–	3.77%	–
MSFT	New	Microsoft Corp	$8,486,000	–	33,043	–	3.70%	–
CZNC	New	Citizens & Northern Corp	$7,902,000	–	326,922	–	3.44%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$6,573,000	–	3,005	–	2.86%	–
CZFS	New	Citizens Financial Services Inc	$6,068,000	–	86,687	–	2.64%	–
AMZN	New	Amazon Communications Inc	$3,875,000	–	36,484	–	1.69%	–
JPM	New	JPMorgan Chase & Co	$3,329,000	–	29,565	–	1.45%	–
MA	New	Mastercard Inc Class Acl a	$3,180,000	–	10,081	–	1.39%	–
ABT	New	Abbott Labs	$3,041,000	–	27,991	–	1.32%	–
COST	New	Costco Wholesale Corp (New)	$2,872,000	–	5,992	–	1.25%	–
CVS	New	CVS Health Corporation	$2,786,000	–	30,070	–	1.21%	–
XOM	New	Exxon Mobil Corp	$2,534,000	–	29,587	–	1.10%	–
PG	New	Procter & Gamble Co	$2,515,000	–	17,488	–	1.10%	–
AMT	New	American Tower REIT Inc	$2,447,000	–	9,574	–	1.07%	–
NKE	New	Nike, Inc. Class Bcl b	$2,252,000	–	22,036	–	0.98%	–
NVDA	New	Nvidia Corp	$2,185,000	–	14,411	–	0.95%	–
PFE	New	Pfizer Inc	$2,118,000	–	40,405	–	0.92%	–
FB	New	Meta Platforms Inccl a	$2,051,000	–	12,718	–	0.89%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$2,006,000	–	32,302	–	0.87%	–
JNJ	New	Johnson & Johnson	$1,951,000	–	10,993	–	0.85%	–
EL	New	Lauder (Estee) Cos Inc Class Acl a	$1,931,000	–	7,584	–	0.84%	–
CRM	New	Salesforce, Inc.	$1,902,000	–	11,523	–	0.83%	–
CMCSA	New	Comcast Corp Class Acl a	$1,884,000	–	48,009	–	0.82%	–
CMG	New	Chipotle Mexican Grill Inc Corp Common	$1,825,000	–	1,396	–	0.80%	–
MBB	New	iShares Barclays MBS Bond Fund ETFmbs etf	$1,812,000	–	18,589	–	0.79%	–
HD	New	Home Depot Inc	$1,800,000	–	6,562	–	0.78%	–
GD	New	General Dynamics Corp	$1,769,000	–	7,995	–	0.77%	–
PANW	New	Palo Alto Networks Inc Common	$1,719,000	–	3,481	–	0.75%	–
NSC	New	Norfolk Southern Corp	$1,667,000	–	7,334	–	0.73%	–
MCD	New	McDonalds Corp	$1,650,000	–	6,683	–	0.72%	–
HON	New	Honeywell Intl Inc	$1,648,000	–	9,479	–	0.72%	–
ICE	New	Intercontinental Exchange Inc Common	$1,633,000	–	17,369	–	0.71%	–
TFC	New	Truist Financial Corporation	$1,618,000	–	34,112	–	0.70%	–
BMY	New	Bristol Myers Squibb Co	$1,615,000	–	20,973	–	0.70%	–
KO	New	Coca Cola Co	$1,554,000	–	24,698	–	0.68%	–
NEE	New	Nextera Energy Inc	$1,497,000	–	19,327	–	0.65%	–
DE	New	Deere & Co	$1,481,000	–	4,947	–	0.64%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$1,408,000	–	13,400	–	0.61%	–
IBM	New	International Business Machines	$1,405,000	–	9,949	–	0.61%	–
SCZ	New	iShares MSCI EAFE Small Cap Index ETFeafe sml cp etf	$1,359,000	–	24,897	–	0.59%	–
ADI	New	Analog Devices Inc	$1,330,000	–	9,105	–	0.58%	–
BNDX	New	Vanguard Total International Bond Index Fund ETFtotal int bd etf	$1,325,000	–	26,750	–	0.58%	–
EOG	New	EOG Resources, Inc.	$1,304,000	–	11,806	–	0.57%	–
CVX	New	Chevron Corp	$1,239,000	–	8,560	–	0.54%	–
HAL	New	Halliburton Co	$1,191,000	–	37,981	–	0.52%	–
SPTL	New	SPDR Portfolio Long Term Treasury ETFportfolio ln tsr	$1,183,000	–	35,786	–	0.52%	–
SPY	New	SPDR S&P 500 ETF Trusttr unit	$1,171,000	–	3,105	–	0.51%	–
MAS	New	Masco Corp	$1,130,000	–	22,327	–	0.49%	–
UNP	New	Union Pacific Corp	$1,076,000	–	5,044	–	0.47%	–
GWW	New	W W Grainger Inc	$1,075,000	–	2,366	–	0.47%	–
TJX	New	Tjx Companies (New)	$1,016,000	–	18,192	–	0.44%	–
CDW	New	CDW Corporation	$1,005,000	–	6,379	–	0.44%	–
MMC	New	Marsh & McLennan Cos Inc	$998,000	–	6,427	–	0.44%	–
BIIB	New	Biogen Idec Inc	$953,000	–	4,674	–	0.42%	–
CSCO	New	Cisco Systems Inc	$953,000	–	22,349	–	0.42%	–
ADBE	New	Adobe Systems Inc	$952,000	–	2,601	–	0.42%	–
ABC	New	Amerisourcebergen Corp	$941,000	–	6,650	–	0.41%	–
BX	New	Blackstone Inc	$912,000	–	10,000	–	0.40%	–
SLB	New	Schlumberger Ltd	$909,000	–	25,421	–	0.40%	–
INTC	New	Intel Corp	$872,000	–	23,309	–	0.38%	–
VZ	New	Verizon Communications	$791,000	–	15,585	–	0.34%	–
DIA	New	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$783,000	–	2,543	–	0.34%	–
IWF	New	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$755,000	–	3,450	–	0.33%	–
GLW	New	Corning Inc	$696,000	–	22,093	–	0.30%	–
DD	New	DuPont de Nemours Inc	$635,000	–	11,425	–	0.28%	–
BLK	New	Blackrock, Inc.	$627,000	–	1,029	–	0.27%	–
FCX	New	Freeport-McMoran, Inc.cl b	$584,000	–	19,976	–	0.25%	–
HYG	New	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$567,000	–	7,708	–	0.25%	–
C	New	Citigroup Inc Common New	$554,000	–	12,041	–	0.24%	–
VIG	New	Vanguard Dividend Appreciation Index ETFdiv app etf	$542,000	–	3,775	–	0.24%	–
DIS	New	Disney Walt Co	$541,000	–	5,728	–	0.24%	–
IWD	New	iShares Russell 1000 Value ETFrus 1000 val etf	$457,000	–	3,153	–	0.20%	–
ROP	New	Roper Industries Inc New	$440,000	–	1,115	–	0.19%	–
XLC	New	Communication Services Select Sector SPDR ETF	$402,000	–	7,405	–	0.18%	–
T	New	AT&T Inc	$383,000	–	18,271	–	0.17%	–
UNH	New	Unitedhealth Group, Inc.	$382,000	–	744	–	0.17%	–
BA	New	Boeing Co	$358,000	–	2,617	–	0.16%	–
SOXX	New	iShares PHLX Semiconductor ETFishares semicdtr	$359,000	–	1,027	–	0.16%	–
XLF	New	Financials Select Sector SPDRfinancial	$356,000	–	11,324	–	0.16%	–
CBU	New	Community Bank System, Inc	$330,000	–	5,216	–	0.14%	–
BRKB	New	Berkshire Hathaway Inc Class B Newcl b new	$314,000	–	1,150	–	0.14%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$309,000	–	815	–	0.14%	–
ACN	New	Accenture PLC	$305,000	–	1,098	–	0.13%	–
CME	New	CME Group Inc	$297,000	–	1,453	–	0.13%	–
ITA	New	iShares Dow Jones U.S. Aerospace and Defense Index Fund ETFus aer def etf	$283,000	–	2,851	–	0.12%	–
ITW	New	Illinois Tool Works Inc	$263,000	–	1,442	–	0.12%	–
ORCL	New	Oracle Corp	$259,000	–	3,709	–	0.11%	–
NFG	New	National Fuel Gas Co N J	$245,000	–	3,702	–	0.11%	–
DHR	New	Danaher Corp	$236,000	–	929	–	0.10%	–
SYY	New	SYSCO Corp	$234,000	–	2,763	–	0.10%	–
KBWB	New	Invesco KBW Bank ETFkbw bk etf	$229,000	–	4,428	–	0.10%	–
BNDC	New	FlexShares Core Select Bond Fund ETFcre slct bd fd	$226,000	–	9,825	–	0.10%	–
TGT	New	Target Corp	$220,000	–	1,557	–	0.10%	–
TIP	New	iShares Barclays TIPS Bond Fundtips bd etf	$221,000	–	1,940	–	0.10%	–
LLY	New	Eli Lilly & Co	$216,000	–	665	–	0.09%	–
TRVN	New	Trevena Inc.	$7,000	–	16,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
VT	Exit	Vanguard Total World Stock Index Fund ETFtt wrld st etf	$0	–	-2,000	–	-0.08%	–
SYK	Exit	Stryker Corp	$0	–	-787	–	-0.08%	–
FNF	Exit	Fidelity Natl Financial Common	$0	–	-4,609	–	-0.08%	–
TIP	Exit	iShares Barclays TIPS Bond Fundtips bd etf	$0	–	-1,747	–	-0.09%	–
FIS	Exit	Fidelity Natl Information Common	$0	–	-1,918	–	-0.09%	–
CTVA	Exit	Corteva Inc	$0	–	-5,653	–	-0.09%	–
ROK	Exit	Rockwell Automation Inc Common	$0	–	-880	–	-0.10%	–
MRK	Exit	Merck & Co Inc New	$0	–	-3,510	–	-0.10%	–
BRKB	Exit	Berkshire Hathaway Inc Class B Newcl b new	$0	–	-1,000	–	-0.10%	–
SYY	Exit	SYSCO Corp	$0	–	-3,507	–	-0.11%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-1,795	–	-0.11%	–
MO	Exit	Altria Group Inc	$0	–	-6,255	–	-0.11%	–
ALL	Exit	Allstate Corp	$0	–	-2,260	–	-0.11%	–
ITW	Exit	Illinois Tool Works Inc	$0	–	-1,442	–	-0.11%	–
DOW	Exit	Dow, Inc	$0	–	-6,008	–	-0.13%	–
CME	Exit	CME Group Inc	$0	–	-1,821	–	-0.14%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.14%	–
TGT	Exit	Target Corp	$0	–	-1,557	–	-0.14%	–
PM	Exit	Philip Morris International Inc	$0	–	-3,823	–	-0.14%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-955	–	-0.14%	–
SPTL	Exit	SPDR Portfolio Long Term Treasury ETFportfolio ln tsr	$0	–	-10,046	–	-0.16%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-1,000	–	-0.16%	–
MMM	Exit	3M Company	$0	–	-2,540	–	-0.17%	–
DHR	Exit	Danaher Corp	$0	–	-1,491	–	-0.17%	–
IWD	Exit	iShares Russell 1000 Value ETFrus 1000 val etf	$0	–	-3,153	–	-0.19%	–
ROP	Exit	Roper Industries Inc New	$0	–	-1,115	–	-0.19%	–
PEP	Exit	Pepsico Inc	$0	–	-3,937	–	-0.23%	–
VIG	Exit	Vanguard Dividend Appreciation Index ETFdiv app etf	$0	–	-4,058	–	-0.24%	–
ORCL	Exit	Oracle Corp	$0	–	-7,188	–	-0.24%	–
T	Exit	AT&T Inc	$0	–	-23,281	–	-0.24%	–
HYG	Exit	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$0	–	-7,252	–	-0.24%	–
SLB	Exit	Schlumberger Ltd	$0	–	-26,478	–	-0.30%	–
HAL	Exit	Halliburton Co	$0	–	-38,401	–	-0.32%	–
ATVI	Exit	Activision Blizzard Inc Common	$0	–	-10,937	–	-0.32%	–
GLW	Exit	Corning Inc	$0	–	-23,473	–	-0.33%	–
DIA	Exit	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$0	–	-2,543	–	-0.33%	–
VZ	Exit	Verizon Communications	$0	–	-17,260	–	-0.36%	–
UNP	Exit	Union Pacific Corp	$0	–	-5,044	–	-0.38%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-12,751	–	-0.39%	–
CVX	Exit	Chevron Corp	$0	–	-10,144	–	-0.40%	–
BA	Exit	Boeing Co	$0	–	-4,864	–	-0.41%	–
MMC	Exit	Marsh & McLennan Cos Inc	$0	–	-7,067	–	-0.41%	–
ECL	Exit	Ecolab Inc.	$0	–	-5,338	–	-0.43%	–
IWF	Exit	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$0	–	-4,165	–	-0.44%	–
BX	Exit	Blackstone Inc	$0	–	-10,183	–	-0.46%	–
DD	Exit	DuPont de Nemours Inc	$0	–	-17,477	–	-0.46%	–
BLK	Exit	Blackrock, Inc.	$0	–	-1,481	–	-0.48%	–
DIS	Exit	Disney Walt Co	$0	–	-7,363	–	-0.48%	–
C	Exit	Citigroup Inc Common New	$0	–	-18,038	–	-0.49%	–
TJX	Exit	Tjx Companies (New)	$0	–	-19,857	–	-0.50%	–
ADBE	Exit	Adobe Systems Inc	$0	–	-2,294	–	-0.51%	–
MAS	Exit	Masco Corp	$0	–	-24,389	–	-0.52%	–
KO	Exit	Coca Cola Co	$0	–	-26,000	–	-0.52%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-23,991	–	-0.54%	–
EBAY	Exit	EBAY Inc	$0	–	-20,825	–	-0.56%	–
SPY	Exit	SPDR S&P 500 ETF Trusttr unit	$0	–	-3,453	–	-0.57%	–
ADI	Exit	Analog Devices Inc	$0	–	-9,124	–	-0.59%	–
GWW	Exit	W W Grainger Inc	$0	–	-3,901	–	-0.59%	–
NEE	Exit	Nextera Energy Inc	$0	–	-19,612	–	-0.59%	–
IBM	Exit	International Business Machines	$0	–	-11,125	–	-0.59%	–
GD	Exit	General Dynamics Corp	$0	–	-8,510	–	-0.64%	–
ACN	Exit	Accenture PLC	$0	–	-5,366	–	-0.66%	–
HD	Exit	Home Depot Inc	$0	–	-5,243	–	-0.66%	–
PANW	Exit	Palo Alto Networks Inc Common	$0	–	-3,600	–	-0.66%	–
MCD	Exit	McDonalds Corp	$0	–	-7,174	–	-0.66%	–
BNDX	Exit	Vanguard Total International Bond Index Fund ETFtotal int bd etf	$0	–	-30,649	–	-0.67%	–
MBB	Exit	iShares Barclays MBS Bond Fund ETFmbs etf	$0	–	-16,284	–	-0.68%	–
PFE	Exit	Pfizer Inc	$0	–	-41,079	–	-0.68%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-7,571	–	-0.70%	–
INTC	Exit	Intel Corp	$0	–	-36,405	–	-0.74%	–
CMG	Exit	Chipotle Mexican Grill Inc Corp Common	$0	–	-1,069	–	-0.75%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-34,121	–	-0.77%	–
TFC	Exit	Truist Financial Corporation	$0	–	-35,624	–	-0.80%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-18,476	–	-0.81%	–
HON	Exit	Honeywell Intl Inc	$0	–	-9,987	–	-0.81%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-14,784	–	-0.83%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-38,138	–	-0.85%	–
JNJ	Exit	Johnson & Johnson	$0	–	-14,342	–	-0.89%	–
DE	Exit	Deere & Co	$0	–	-7,035	–	-0.90%	–
LLY	Exit	Eli Lilly & Co	$0	–	-10,441	–	-0.93%	–
EL	Exit	Lauder (Estee) Cos Inc Class Acl a	$0	–	-8,198	–	-0.94%	–
CVS	Exit	CVS Health Corporation	$0	–	-31,159	–	-1.02%	–
CRM	Exit	Salesforce.Com	$0	–	-10,035	–	-1.04%	–
AMT	Exit	American Tower REIT Inc	$0	–	-10,582	–	-1.08%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-6,256	–	-1.08%	–
PG	Exit	Procter & Gamble Co	$0	–	-20,269	–	-1.09%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-19,850	–	-1.11%	–
CMCSA	Exit	Comcast Corp Class Acl a	$0	–	-51,636	–	-1.11%	–
MA	Exit	Mastercard Inc Class Acl a	$0	–	-8,835	–	-1.18%	–
ABT	Exit	Abbott Labs	$0	–	-30,276	–	-1.37%	–
NVDA	Exit	Nvidia Corp	$0	–	-18,831	–	-1.50%	–
FB	Exit	Facebook Inc Class Acl a	$0	–	-12,317	–	-1.60%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-31,817	–	-2.00%	–
AMZN	Exit	Amazon Communications Inc	$0	–	-1,897	–	-2.39%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-275,504	–	-2.67%	–
GOOG	Exit	Alphabet Inc Class Ccap stk cl c	$0	–	-2,954	–	-3.02%	–
AAPL	Exit	Apple Computer Inc	$0	–	-67,319	–	-3.66%	–
MSFT	Exit	Microsoft Corp	$0	–	-35,701	–	-3.86%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-40,811	–	-4.12%	–
EMB	Exit	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$0	–	-136,505	–	-5.76%	–
GUNR	Exit	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$0	–	-453,847	–	-6.37%	–
FREL	Exit	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$0	–	-548,139	–	-6.39%	–
VONG	Exit	Vanguard Russell 1000 Growth ETFvng rus1000grw	$0	–	-476,007	–	-12.87%	–

Q3 2021

			Value		Shares		↓ Weighting
VONG	Sell	Vanguard Russell 1000 Growth ETFvng rus1000grw	$33,544,000	-7.2%	476,007	-8.1%	12.87%	-5.1%
FREL	Buy	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$16,663,000	+6.6%	548,139	+6.7%	6.39%	+9.1%
GUNR	Buy	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$16,611,000	+13.5%	453,847	+18.8%	6.37%	+16.2%
EMB	Sell	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$15,024,000	-6.7%	136,505	-4.6%	5.76%	-4.5%
IJH	Buy	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$10,736,000	-1.7%	40,811	+0.4%	4.12%	+0.5%
MSFT	Sell	Microsoft Corp	$10,065,000	+1.0%	35,701	-3.0%	3.86%	+3.3%
AAPL	Sell	Apple Computer Inc	$9,526,000	+0.2%	67,319	-3.0%	3.66%	+2.5%
GOOG	Sell	Alphabet Inc Class Ccap stk cl c	$7,873,000	+2.8%	2,954	-3.3%	3.02%	+5.2%
CZNC	Buy	Citizens & Northern Corp	$6,959,000	+3.5%	275,504	+0.4%	2.67%	+5.9%
AMZN	Sell	Amazon Communications Inc	$6,232,000	-7.7%	1,897	-3.4%	2.39%	-5.6%
JPM	Sell	JPMorgan Chase & Co	$5,208,000	+0.2%	31,817	-4.8%	2.00%	+2.5%
FB	Sell	Facebook Inc Class Acl a	$4,180,000	-5.0%	12,317	-2.7%	1.60%	-2.8%
NVDA	Buy	Nvidia Corp	$3,901,000	+1.4%	18,831	+291.7%	1.50%	+3.7%
ABT	Sell	Abbott Labs	$3,577,000	-2.5%	30,276	-4.4%	1.37%	-0.2%
MA	Sell	Mastercard Inc Class Acl a	$3,072,000	-6.8%	8,835	-2.1%	1.18%	-4.6%
CMCSA	Sell	Comcast Corp Class Acl a	$2,888,000	-5.2%	51,636	-3.3%	1.11%	-3.0%
NKE	Sell	Nike, Inc. Class Bcl b	$2,883,000	-10.0%	19,850	-4.3%	1.11%	-8.0%
PG	Sell	Procter & Gamble Co	$2,834,000	+2.7%	20,269	-0.9%	1.09%	+5.1%
COST	Sell	Costco Wholesale Corp (New)	$2,811,000	+9.9%	6,256	-3.2%	1.08%	+12.5%
AMT	Sell	American Tower REIT Inc	$2,809,000	-3.7%	10,582	-2.0%	1.08%	-1.5%
CRM	Sell	Salesforce.Com	$2,722,000	+9.6%	10,035	-1.3%	1.04%	+12.2%
CVS	Sell	CVS Health Corporation	$2,644,000	-3.9%	31,159	-5.5%	1.02%	-1.6%
EL	Sell	Lauder (Estee) Cos Inc Class Acl a	$2,459,000	-8.9%	8,198	-3.4%	0.94%	-6.8%
LLY	Sell	Eli Lilly & Co	$2,412,000	-3.3%	10,441	-4.0%	0.93%	-1.1%
DE	Sell	Deere & Co	$2,357,000	-11.7%	7,035	-7.0%	0.90%	-9.7%
JNJ	Sell	Johnson & Johnson	$2,316,000	-5.4%	14,342	-3.5%	0.89%	-3.2%
MDLZ	Sell	Mondelez Intl Inc Class Acl a	$2,219,000	-10.3%	38,138	-3.7%	0.85%	-8.2%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$2,164,000	-11.1%	14,784	-2.4%	0.83%	-9.1%
HON	Sell	Honeywell Intl Inc	$2,120,000	-7.8%	9,987	-4.7%	0.81%	-5.6%
ICE	Sell	Intercontinental Exchange Inc Common	$2,121,000	-6.4%	18,476	-3.2%	0.81%	-4.2%
TFC	Sell	Truist Financial Corporation	$2,089,000	-1.7%	35,624	-7.0%	0.80%	+0.6%
XOM	Sell	Exxon Mobil Corp	$2,007,000	-8.2%	34,121	-1.5%	0.77%	-6.1%
CMG	Sell	Chipotle Mexican Grill Inc Corp Common	$1,943,000	+13.2%	1,069	-3.4%	0.75%	+15.8%
INTC	Sell	Intel Corp	$1,940,000	-6.5%	36,405	-1.5%	0.74%	-4.4%
NSC	Sell	Norfolk Southern Corp	$1,811,000	-15.1%	7,571	-5.8%	0.70%	-13.1%
PFE	Sell	Pfizer Inc	$1,767,000	+2.3%	41,079	-6.8%	0.68%	+4.6%
MBB	Buy	iShares Barclays MBS Bond Fund ETFmbs etf	$1,761,000	+2.9%	16,284	+3.0%	0.68%	+5.3%
BNDX	Buy	Vanguard Total International Bond Index Fund ETFtotal int bd etf	$1,746,000	+2.1%	30,649	+2.3%	0.67%	+4.5%
MCD	Sell	McDonalds Corp	$1,730,000	+2.2%	7,174	-2.1%	0.66%	+4.6%
PANW	Sell	Palo Alto Networks Inc Common	$1,724,000	+24.3%	3,600	-3.7%	0.66%	+27.3%
HD	Sell	Home Depot Inc	$1,721,000	-0.8%	5,243	-3.6%	0.66%	+1.4%
ACN	Sell	Accenture PLC	$1,717,000	+4.8%	5,366	-3.5%	0.66%	+7.2%
GD	Sell	General Dynamics Corp	$1,668,000	+1.8%	8,510	-2.2%	0.64%	+4.2%
IBM	Sell	International Business Machines	$1,546,000	-6.7%	11,125	-1.6%	0.59%	-4.5%
NEE	Sell	Nextera Energy Inc	$1,540,000	+2.5%	19,612	-4.4%	0.59%	+4.8%
GWW	Sell	W W Grainger Inc	$1,533,000	-12.9%	3,901	-2.9%	0.59%	-10.9%
ADI	Sell	Analog Devices Inc	$1,528,000	-3.8%	9,124	-1.1%	0.59%	-1.7%
EBAY	Sell	EBAY Inc	$1,451,000	-8.7%	20,825	-8.0%	0.56%	-6.5%
BMY	Sell	Bristol Myers Squibb Co	$1,420,000	-13.2%	23,991	-2.0%	0.54%	-11.2%
KO	Sell	Coca Cola Co	$1,364,000	-6.9%	26,000	-4.0%	0.52%	-4.7%
MAS	Sell	Masco Corp	$1,355,000	-8.6%	24,389	-3.1%	0.52%	-6.5%
ADBE	Buy	Adobe Systems Inc	$1,321,000	+1.5%	2,294	+3.2%	0.51%	+3.9%
TJX	Sell	Tjx Companies (New)	$1,310,000	-9.2%	19,857	-7.1%	0.50%	-7.0%
C	Sell	Citigroup Inc Common New	$1,266,000	-6.4%	18,038	-5.6%	0.49%	-4.1%
DIS	Sell	Disney Walt Co	$1,246,000	-6.7%	7,363	-3.1%	0.48%	-4.6%
BLK	Sell	Blackrock, Inc.	$1,242,000	-6.5%	1,481	-2.4%	0.48%	-4.2%
DD	Sell	DuPont de Nemours Inc	$1,188,000	-15.4%	17,477	-3.6%	0.46%	-13.5%
BX	Buy	Blackstone Inc	$1,185,000	+22.8%	10,183	+2.5%	0.46%	+25.7%
IWF	Sell	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$1,141,000	-4.6%	4,165	-5.5%	0.44%	-2.4%
ECL	Sell	Ecolab Inc.	$1,114,000	-4.0%	5,338	-5.2%	0.43%	-1.8%
MMC	Sell	Marsh & McLennan Cos Inc	$1,070,000	+3.9%	7,067	-3.5%	0.41%	+6.5%
BA	Sell	Boeing Co	$1,070,000	-12.7%	4,864	-4.9%	0.41%	-10.7%
CVX	Sell	Chevron Corp	$1,029,000	-7.9%	10,144	-4.9%	0.40%	-5.7%
EOG	Sell	EOG Resources, Inc.	$1,024,000	-6.4%	12,751	-2.8%	0.39%	-4.1%
UNP	Sell	Union Pacific Corp	$989,000	-31.2%	5,044	-22.8%	0.38%	-29.5%
VZ	Sell	Verizon Communications	$932,000	-3.9%	17,260	-0.3%	0.36%	-1.6%
ATVI	Buy	Activision Blizzard Inc Common	$846,000	-17.2%	10,937	+2.1%	0.32%	-15.1%
HAL	Sell	Halliburton Co	$830,000	-9.2%	38,401	-2.9%	0.32%	-7.3%
SLB	Sell	Schlumberger Ltd	$785,000	-9.2%	26,478	-2.0%	0.30%	-7.1%
HYG	Buy	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$634,000	+3.4%	7,252	+4.1%	0.24%	+5.7%
T	Sell	AT&T Inc	$629,000	-6.8%	23,281	-0.8%	0.24%	-4.7%
ORCL	Sell	Oracle Corp	$626,000	+3.0%	7,188	-8.0%	0.24%	+5.3%
PEP	Sell	Pepsico Inc	$592,000	-5.0%	3,937	-6.3%	0.23%	-3.0%
IVV	Sell	iShares Core S&P 500 ETFcore s&p500 etf	$431,000	-44.6%	1,000	-44.8%	0.16%	-43.5%
SPTL	New	SPDR Portfolio Long Term Treasury ETFportfolio ln tsr	$415,000	–	10,046	–	0.16%	–
UNH	Sell	Unitedhealth Group, Inc.	$373,000	-3.1%	955	-0.6%	0.14%	-0.7%
CME	Sell	CME Group Inc	$352,000	-9.3%	1,821	-0.1%	0.14%	-7.5%
ALL	Sell	Allstate Corp	$288,000	-17.2%	2,260	-15.2%	0.11%	-15.3%
MCHP	Sell	Microchip Technology Inc	$276,000	+2.2%	1,795	-0.4%	0.11%	+5.0%
BRKB	Sell	Berkshire Hathaway Inc Class B Newcl b new	$273,000	-3.5%	1,000	-2.0%	0.10%	-0.9%
CTVA	Sell	Corteva Inc	$238,000	-8.5%	5,653	-3.5%	0.09%	-7.1%
CAT	Exit	Caterpillar Inc	$0	–	-925	–	-0.08%	–

Q2 2021

			Value		Shares		↓ Weighting
VONG	New	Vanguard Russell 1000 Growth ETFvng rus1000grw	$36,154,000	–	517,824	–	13.56%	–
EMB	New	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$16,098,000	–	143,148	–	6.04%	–
FREL	New	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$15,629,000	–	513,602	–	5.86%	–
GUNR	New	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$14,630,000	–	382,087	–	5.49%	–
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$10,927,000	–	40,662	–	4.10%	–
MSFT	New	Microsoft Corp	$9,967,000	–	36,794	–	3.74%	–
AAPL	New	Apple Computer Inc	$9,505,000	–	69,402	–	3.56%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$7,657,000	–	3,055	–	2.87%	–
AMZN	New	Amazon Communications Inc	$6,753,000	–	1,963	–	2.53%	–
CZNC	New	Citizens & Northern Corp	$6,721,000	–	274,324	–	2.52%	–
JPM	New	JPMorgan Chase & Co	$5,196,000	–	33,406	–	1.95%	–
FB	New	Facebook Inc Class Acl a	$4,402,000	–	12,659	–	1.65%	–
NVDA	New	Nvidia Corp	$3,847,000	–	4,808	–	1.44%	–
ABT	New	Abbott Labs	$3,670,000	–	31,658	–	1.38%	–
MA	New	Mastercard Inc Class Acl a	$3,296,000	–	9,027	–	1.24%	–
NKE	New	Nike, Inc. Class Bcl b	$3,204,000	–	20,737	–	1.20%	–
CMCSA	New	Comcast Corp Class Acl a	$3,045,000	–	53,408	–	1.14%	–
AMT	New	American Tower REIT Inc	$2,916,000	–	10,796	–	1.09%	–
PG	New	Procter & Gamble Co	$2,760,000	–	20,458	–	1.04%	–
CVS	New	CVS Health Corporation	$2,752,000	–	32,982	–	1.03%	–
EL	New	Lauder (Estee) Cos Inc Class Acl a	$2,700,000	–	8,487	–	1.01%	–
DE	New	Deere & Co	$2,668,000	–	7,564	–	1.00%	–
COST	New	Costco Wholesale Corp (New)	$2,557,000	–	6,462	–	0.96%	–
LLY	New	Eli Lilly & Co	$2,495,000	–	10,872	–	0.94%	–
CRM	New	Salesforce.Com	$2,483,000	–	10,165	–	0.93%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$2,474,000	–	39,616	–	0.93%	–
JNJ	New	Johnson & Johnson	$2,449,000	–	14,863	–	0.92%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$2,435,000	–	15,144	–	0.91%	–
HON	New	Honeywell Intl Inc	$2,299,000	–	10,479	–	0.86%	–
ICE	New	Intercontinental Exchange Inc Common	$2,266,000	–	19,087	–	0.85%	–
XOM	New	Exxon Mobil Corp	$2,186,000	–	34,654	–	0.82%	–
NSC	New	Norfolk Southern Corp	$2,133,000	–	8,035	–	0.80%	–
TFC	New	Truist Financial Corporation	$2,126,000	–	38,307	–	0.80%	–
INTC	New	Intel Corp	$2,075,000	–	36,957	–	0.78%	–
GWW	New	W W Grainger Inc	$1,760,000	–	4,018	–	0.66%	–
HD	New	Home Depot Inc	$1,735,000	–	5,441	–	0.65%	–
PFE	New	Pfizer Inc	$1,727,000	–	44,099	–	0.65%	–
CMG	New	Chipotle Mexican Grill Inc Corp Common	$1,716,000	–	1,107	–	0.64%	–
MBB	New	iShares Barclays MBS Bond Fund ETFmbs etf	$1,711,000	–	15,805	–	0.64%	–
BNDX	New	Vanguard Total International Bond Index Fund ETFintl bd idx etf	$1,710,000	–	29,953	–	0.64%	–
MCD	New	McDonalds Corp	$1,693,000	–	7,328	–	0.64%	–
IBM	New	International Business Machines	$1,657,000	–	11,304	–	0.62%	–
ACN	New	Accenture PLC	$1,639,000	–	5,560	–	0.62%	–
BMY	New	Bristol Myers Squibb Co	$1,636,000	–	24,481	–	0.61%	–
GD	New	General Dynamics Corp	$1,638,000	–	8,699	–	0.61%	–
ADI	New	Analog Devices Inc	$1,588,000	–	9,224	–	0.60%	–
EBAY	New	EBAY Inc	$1,589,000	–	22,630	–	0.60%	–
NEE	New	Nextera Energy Inc	$1,503,000	–	20,505	–	0.56%	–
MAS	New	Masco Corp	$1,483,000	–	25,172	–	0.56%	–
SPY	New	SPDR S&P 500 ETF Trusttr unit	$1,478,000	–	3,453	–	0.55%	–
KO	New	Coca Cola Co	$1,465,000	–	27,081	–	0.55%	–
TJX	New	Tjx Companies (New)	$1,442,000	–	21,386	–	0.54%	–
UNP	New	Union Pacific Corp	$1,437,000	–	6,532	–	0.54%	–
DD	New	DuPont de Nemours Inc	$1,404,000	–	18,136	–	0.53%	–
PANW	New	Palo Alto Networks Inc Common	$1,387,000	–	3,738	–	0.52%	–
C	New	Citigroup Inc Common New	$1,352,000	–	19,109	–	0.51%	–
DIS	New	Disney Walt Co	$1,336,000	–	7,602	–	0.50%	–
BLK	New	Blackrock, Inc.	$1,328,000	–	1,518	–	0.50%	–
ADBE	New	Adobe Systems Inc	$1,302,000	–	2,223	–	0.49%	–
BA	New	Boeing Co	$1,226,000	–	5,117	–	0.46%	–
IWF	New	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$1,196,000	–	4,406	–	0.45%	–
ECL	New	Ecolab Inc.	$1,160,000	–	5,632	–	0.44%	–
CVX	New	Chevron Corp	$1,117,000	–	10,665	–	0.42%	–
EOG	New	EOG Resources, Inc.	$1,094,000	–	13,117	–	0.41%	–
MMC	New	Marsh & McLennan Cos Inc	$1,030,000	–	7,324	–	0.39%	–
ATVI	New	Activision Blizzard Inc Common	$1,022,000	–	10,707	–	0.38%	–
VZ	New	Verizon Communications	$970,000	–	17,310	–	0.36%	–
BX	New	Blackstone Group Inc	$965,000	–	9,936	–	0.36%	–
GLW	New	Corning Inc	$960,000	–	23,473	–	0.36%	–
HAL	New	Halliburton Co	$914,000	–	39,546	–	0.34%	–
DIA	New	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$877,000	–	2,543	–	0.33%	–
SLB	New	Schlumberger Ltd	$865,000	–	27,015	–	0.32%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$778,000	–	1,810	–	0.29%	–
T	New	AT&T Inc	$675,000	–	23,458	–	0.25%	–
VIG	New	Vanguard Dividend Appreciation Index ETFdiv app etf	$628,000	–	4,058	–	0.24%	–
PEP	New	Pepsico Inc	$623,000	–	4,203	–	0.23%	–
HYG	New	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$613,000	–	6,968	–	0.23%	–
ORCL	New	Oracle Corp	$608,000	–	7,817	–	0.23%	–
ROP	New	Roper Industries Inc New	$524,000	–	1,115	–	0.20%	–
MMM	New	3M Company	$505,000	–	2,540	–	0.19%	–
IWD	New	iShares Russell 1000 Value ETFrus 1000 val etf	$500,000	–	3,153	–	0.19%	–
DHR	New	Danaher Corp	$400,000	–	1,491	–	0.15%	–
CBU	New	Community Bank System, Inc	$395,000	–	5,216	–	0.15%	–
CME	New	CME Group Inc	$388,000	–	1,823	–	0.15%	–
UNH	New	Unitedhealth Group, Inc.	$385,000	–	961	–	0.14%	–
DOW	New	Dow, Inc	$380,000	–	6,008	–	0.14%	–
PM	New	Philip Morris International Inc	$379,000	–	3,823	–	0.14%	–
TGT	New	Target Corp	$376,000	–	1,557	–	0.14%	–
ALL	New	Allstate Corp	$348,000	–	2,665	–	0.13%	–
ITW	New	Illinois Tool Works Inc	$322,000	–	1,442	–	0.12%	–
MO	New	Altria Group Inc	$298,000	–	6,255	–	0.11%	–
BRKB	New	Berkshire Hathaway Inc Class B Newcl b new	$283,000	–	1,020	–	0.11%	–
MRK	New	Merck & Co Inc New	$273,000	–	3,510	–	0.10%	–
SYY	New	SYSCO Corp	$273,000	–	3,507	–	0.10%	–
FIS	New	Fidelity Natl Information Common	$272,000	–	1,918	–	0.10%	–
MCHP	New	Microchip Technology Inc	$270,000	–	1,802	–	0.10%	–
CTVA	New	Corteva Inc	$260,000	–	5,857	–	0.10%	–
ROK	New	Rockwell Automation Inc Common	$252,000	–	880	–	0.10%	–
TIP	New	iShares Barclays TIPS Bond Fundtips bd etf	$224,000	–	1,747	–	0.08%	–
VT	New	Vanguard Total World Stock Index Fund ETFtt wrld st etf	$207,000	–	2,000	–	0.08%	–
SYK	New	Stryker Corp	$204,000	–	787	–	0.08%	–
FNF	New	Fidelity Natl Financial Common	$200,000	–	4,609	–	0.08%	–
CAT	New	Caterpillar Inc	$201,000	–	925	–	0.08%	–

Q4 2020

			Value		Shares		↓ Weighting
CLNC	Exit	Colony Credit Real Estate Inc	$0	–	-11,903	–	-0.03%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-5,140	–	-0.11%	–
VIG	Exit	Vanguard Dividend Appreciation Index ETFdiv app etf	$0	–	-1,600	–	-0.11%	–
ROK	Exit	Rockwell Automation Inc Common	$0	–	-960	–	-0.11%	–
SBUX	Exit	Starbucks Corp	$0	–	-2,624	–	-0.12%	–
BRKB	Exit	Berkshire Hathaway Inc Class B Newcl b new	$0	–	-1,100	–	-0.12%	–
SYY	Exit	SYSCO Corp	$0	–	-4,035	–	-0.13%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-2,458	–	-0.14%	–
TGT	Exit	Target Corp	$0	–	-1,727	–	-0.14%	–
MO	Exit	Altria Group Inc	$0	–	-7,155	–	-0.15%	–
SLB	Exit	Schlumberger Ltd	$0	–	-17,728	–	-0.15%	–
ITW	Exit	Illinois Tool Works Inc	$0	–	-1,442	–	-0.15%	–
DOW	Exit	Dow, Inc	$0	–	-5,966	–	-0.15%	–
FIS	Exit	Fidelity Natl Information Common	$0	–	-1,918	–	-0.15%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.15%	–
PM	Exit	Philip Morris International Inc	$0	–	-3,823	–	-0.15%	–
MRK	Exit	Merck & Co Inc New	$0	–	-3,590	–	-0.16%	–
HAL	Exit	Halliburton Co	$0	–	-26,877	–	-0.17%	–
CME	Exit	CME Group Inc	$0	–	-2,069	–	-0.18%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-1,239	–	-0.21%	–
DHR	Exit	Danaher Corp	$0	–	-1,801	–	-0.21%	–
ROP	Exit	Roper Industries Inc New	$0	–	-1,115	–	-0.24%	–
MMM	Exit	3M Company	$0	–	-2,879	–	-0.24%	–
IWD	Exit	iShares Russell 1000 Value ETFrus 1000 val etf	$0	–	-3,925	–	-0.25%	–
EMB	Exit	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$0	–	-4,401	–	-0.26%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-13,874	–	-0.27%	–
HYG	Exit	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$0	–	-6,830	–	-0.30%	–
PEP	Exit	Pepsico Inc	$0	–	-4,649	–	-0.34%	–
T	Exit	AT&T Inc	$0	–	-23,696	–	-0.36%	–
DIA	Exit	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$0	–	-2,543	–	-0.38%	–
GD	Exit	General Dynamics Corp	$0	–	-6,178	–	-0.46%	–
BA	Exit	Boeing Co	$0	–	-5,255	–	-0.46%	–
C	Exit	Citigroup Inc Common New	$0	–	-20,555	–	-0.47%	–
MMC	Exit	Marsh & McLennan Cos Inc	$0	–	-7,750	–	-0.47%	–
PANW	Exit	Palo Alto Networks Inc Common	$0	–	-3,711	–	-0.48%	–
DD	Exit	DuPont de Nemours Inc	$0	–	-16,817	–	-0.50%	–
ADI	Exit	Analog Devices Inc	$0	–	-8,411	–	-0.52%	–
VZ	Exit	Verizon Communications	$0	–	-16,533	–	-0.52%	–
IWF	Exit	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$0	–	-4,570	–	-0.53%	–
GLW	Exit	Corning Inc	$0	–	-30,824	–	-0.53%	–
DIS	Exit	Disney Walt Co	$0	–	-8,084	–	-0.53%	–
ECL	Exit	Ecolab Inc.	$0	–	-5,716	–	-0.61%	–
XLNX	Exit	Xilinx Inc	$0	–	-11,258	–	-0.62%	–
EBAY	Exit	EBAY Inc	$0	–	-22,855	–	-0.63%	–
SPY	Exit	SPDR S&P 500 ETF Trusttr unit	$0	–	-3,691	–	-0.66%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-36,535	–	-0.67%	–
TJX	Exit	Tjx Companies (New)	$0	–	-22,646	–	-0.67%	–
UNP	Exit	Union Pacific Corp	$0	–	-6,532	–	-0.68%	–
ACN	Exit	Accenture PLC	$0	–	-5,804	–	-0.70%	–
CMG	Exit	Chipotle Mexican Grill Inc Corp Common	$0	–	-1,089	–	-0.72%	–
CVX	Exit	Chevron Corp	$0	–	-19,135	–	-0.73%	–
KO	Exit	Coca Cola Co	$0	–	-28,442	–	-0.75%	–
ALXN	Exit	Alexion Pharmaceuticals Inc	$0	–	-12,318	–	-0.75%	–
IBM	Exit	International Business Machines	$0	–	-11,729	–	-0.76%	–
MAS	Exit	Masco Corp	$0	–	-26,253	–	-0.77%	–
BNDX	Exit	Vanguard Total International Bond Index Fund ETFintl bd idx etf	$0	–	-24,939	–	-0.77%	–
NEE	Exit	Nextera Energy Inc	$0	–	-5,324	–	-0.79%	–
ORCL	Exit	Oracle Corp	$0	–	-25,058	–	-0.80%	–
GWW	Exit	W W Grainger Inc	$0	–	-4,220	–	-0.80%	–
TFC	Exit	Truist Financial Corporation	$0	–	-40,154	–	-0.81%	–
HD	Exit	Home Depot Inc	$0	–	-5,653	–	-0.84%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-26,191	–	-0.84%	–
LLY	Exit	Eli Lilly & Co	$0	–	-11,458	–	-0.90%	–
PFE	Exit	Pfizer Inc	$0	–	-46,334	–	-0.90%	–
MCD	Exit	McDonalds Corp	$0	–	-7,744	–	-0.90%	–
ALL	Exit	Allstate Corp	$0	–	-18,406	–	-0.92%	–
HON	Exit	Honeywell Intl Inc	$0	–	-10,811	–	-0.95%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-8,364	–	-0.95%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-5,152	–	-0.97%	–
EL	Exit	Lauder (Estee) Cos Inc Class Acl a	$0	–	-9,004	–	-1.05%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-20,307	–	-1.08%	–
CVS	Exit	CVS Health Corporation	$0	–	-34,964	–	-1.09%	–
INTC	Exit	Intel Corp	$0	–	-39,606	–	-1.09%	–
DE	Exit	Deere & Co	$0	–	-9,492	–	-1.12%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-15,690	–	-1.14%	–
NVDA	Exit	Nvidia Corp	$0	–	-4,151	–	-1.20%	–
JNJ	Exit	Johnson & Johnson	$0	–	-15,516	–	-1.23%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-40,922	–	-1.25%	–
MA	Exit	Mastercard Inc Class Acl a	$0	–	-7,219	–	-1.30%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-7,339	–	-1.31%	–
CMCSA	Exit	Comcast Corp Class Acl a	$0	–	-54,879	–	-1.35%	–
CRM	Exit	Salesforce.Com	$0	–	-10,636	–	-1.42%	–
AMT	Exit	American Tower REIT Inc	$0	–	-11,301	–	-1.45%	–
PG	Exit	Procter & Gamble Co	$0	–	-20,549	–	-1.52%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-26,132	–	-1.75%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-35,752	–	-1.83%	–
FB	Exit	Facebook Inc Class Acl a	$0	–	-13,319	–	-1.86%	–
ABT	Exit	Abbott Labs	$0	–	-32,910	–	-1.91%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-263,991	–	-2.28%	–
GOOG	Exit	Alphabet Inc Class Ccap stk cl c	$0	–	-3,206	–	-2.51%	–
AMZN	Exit	Amazon Communications Inc	$0	–	-1,835	–	-3.08%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-42,295	–	-4.17%	–
MSFT	Exit	Microsoft Corp	$0	–	-38,144	–	-4.27%	–
AAPL	Exit	Apple Computer Inc	$0	–	-71,226	–	-4.39%	–
GUNR	Exit	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$0	–	-447,726	–	-6.62%	–
FREL	Exit	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$0	–	-537,722	–	-6.73%	–
VONG	Exit	Vanguard Russell 1000 Growth ETFvng rus1000grw	$0	–	-59,040	–	-7.01%	–

Q3 2020

			Value		Shares		↓ Weighting
VONG	Sell	Vanguard Russell 1000 Growth ETFvng rus1000grw	$13,160,000	-17.2%	59,040	-26.7%	7.01%	-9.8%
FREL	Buy	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$12,636,000	+3.4%	537,722	+2.8%	6.73%	+12.7%
GUNR	Sell	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$12,429,000	-0.4%	447,726	-0.8%	6.62%	+8.6%
AAPL	Buy	Apple Computer Inc	$8,249,000	+15.6%	71,226	+264.2%	4.39%	+26.1%
MSFT	Sell	Microsoft Corp	$8,023,000	-0.2%	38,144	-3.4%	4.27%	+8.8%
IJH	Buy	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$7,838,000	+4.6%	42,295	+0.4%	4.17%	+14.0%
AMZN	Sell	Amazon Communications Inc	$5,778,000	+12.3%	1,835	-1.6%	3.08%	+22.4%
GOOG	Sell	Alphabet Inc Class Ccap stk cl c	$4,712,000	+0.8%	3,206	-3.1%	2.51%	+9.9%
CZNC	Buy	Citizens & Northern Corp	$4,287,000	-19.7%	263,991	+2.1%	2.28%	-12.5%
ABT	Sell	Abbott Labs	$3,582,000	+15.4%	32,910	-3.1%	1.91%	+25.8%
FB	Sell	Facebook Inc Class Acl a	$3,488,000	+14.7%	13,319	-0.5%	1.86%	+25.1%
JPM	Sell	JPMorgan Chase & Co	$3,442,000	-0.8%	35,752	-3.1%	1.83%	+8.1%
NKE	Sell	Nike, Inc. Class Bcl b	$3,281,000	+24.7%	26,132	-2.7%	1.75%	+36.0%
PG	Buy	Procter & Gamble Co	$2,856,000	+58.4%	20,549	+36.2%	1.52%	+72.6%
AMT	Sell	American Tower REIT Inc	$2,732,000	-9.4%	11,301	-3.1%	1.45%	-1.3%
CRM	Sell	Salesforce.Com	$2,673,000	+30.4%	10,636	-2.8%	1.42%	+42.2%
CMCSA	Sell	Comcast Corp Class Acl a	$2,539,000	+15.1%	54,879	-3.0%	1.35%	+25.5%
IVV	Sell	iShares Core S&P 500 ETFcore s&p500 etf	$2,466,000	+6.2%	7,339	-2.1%	1.31%	+15.8%
MA	Sell	Mastercard Inc Class Acl a	$2,441,000	+11.5%	7,219	-2.5%	1.30%	+21.6%
MDLZ	Sell	Mondelez Intl Inc Class Acl a	$2,351,000	+11.4%	40,922	-0.9%	1.25%	+21.4%
JNJ	Sell	Johnson & Johnson	$2,310,000	+4.3%	15,516	-1.5%	1.23%	+13.7%
NVDA	Sell	Nvidia Corp	$2,247,000	-9.3%	4,151	-36.3%	1.20%	-1.2%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$2,136,000	+10.0%	15,690	-3.6%	1.14%	+19.9%
DE	Buy	Deere & Co	$2,104,000	+98.5%	9,492	+40.7%	1.12%	+116.2%
INTC	Sell	Intel Corp	$2,051,000	-15.7%	39,606	-2.6%	1.09%	-8.2%
CVS	Sell	CVS Health Corporation	$2,042,000	-10.7%	34,964	-0.7%	1.09%	-2.7%
ICE	Sell	Intercontinental Exchange Inc Common	$2,032,000	+5.6%	20,307	-3.4%	1.08%	+15.1%
EL	Sell	Lauder (Estee) Cos Inc Class Acl a	$1,965,000	-15.5%	9,004	-26.9%	1.05%	-7.8%
COST	Sell	Costco Wholesale Corp (New)	$1,829,000	+12.6%	5,152	-3.8%	0.97%	+22.8%
NSC	Sell	Norfolk Southern Corp	$1,790,000	+15.5%	8,364	-5.2%	0.95%	+25.9%
HON	Buy	Honeywell Intl Inc	$1,780,000	+53.7%	10,811	+35.0%	0.95%	+67.5%
ALL	Sell	Allstate Corp	$1,733,000	-5.8%	18,406	-2.9%	0.92%	+2.8%
MCD	Sell	McDonalds Corp	$1,700,000	+17.4%	7,744	-1.4%	0.90%	+28.0%
PFE	Sell	Pfizer Inc	$1,700,000	+9.7%	46,334	-2.2%	0.90%	+19.7%
LLY	Sell	Eli Lilly & Co	$1,696,000	-10.2%	11,458	-0.4%	0.90%	-2.2%
BMY	Sell	Bristol Myers Squibb Co	$1,579,000	-1.5%	26,191	-3.9%	0.84%	+7.4%
HD	Sell	Home Depot Inc	$1,570,000	+10.5%	5,653	-0.4%	0.84%	+20.5%
TFC	New	Truist Financial Corporation	$1,528,000	–	40,154	–	0.81%	–
GWW	Sell	W W Grainger Inc	$1,506,000	+11.5%	4,220	-1.9%	0.80%	+21.5%
ORCL	Sell	Oracle Corp	$1,496,000	+3.7%	25,058	-4.0%	0.80%	+13.1%
NEE	Sell	Nextera Energy Inc	$1,478,000	+15.2%	5,324	-0.3%	0.79%	+25.5%
BNDX	Buy	Vanguard Total International Bond Index Fund ETFintl bd idx etf	$1,451,000	+28.2%	24,939	+27.2%	0.77%	+39.8%
MAS	Sell	Masco Corp	$1,447,000	-20.3%	26,253	-27.4%	0.77%	-13.1%
IBM	Sell	International Business Machines	$1,427,000	-0.5%	11,729	-1.2%	0.76%	+8.6%
ALXN	Sell	Alexion Pharmaceuticals Inc	$1,410,000	+1.0%	12,318	-0.9%	0.75%	+10.1%
KO	Sell	Coca Cola Co	$1,404,000	+9.6%	28,442	-0.8%	0.75%	+19.3%
CVX	Sell	Chevron Corp	$1,378,000	-19.7%	19,135	-0.6%	0.73%	-12.5%
CMG	Sell	Chipotle Mexican Grill Inc Corp Common	$1,354,000	+16.7%	1,089	-1.2%	0.72%	+27.2%
ACN	Sell	Accenture PLC	$1,312,000	+3.9%	5,804	-1.3%	0.70%	+13.3%
TJX	Sell	Tjx Companies (New)	$1,260,000	+6.8%	22,646	-2.9%	0.67%	+16.5%
XOM	Buy	Exxon Mobil Corp	$1,254,000	-23.2%	36,535	+0.1%	0.67%	-16.2%
SPY	Sell	SPDR S&P 500 ETF Trusttr unit	$1,236,000	+5.7%	3,691	-2.7%	0.66%	+15.2%
EBAY	Sell	EBAY Inc	$1,191,000	-3.1%	22,855	-2.5%	0.63%	+5.7%
XLNX	Sell	Xilinx Inc	$1,174,000	+4.4%	11,258	-1.5%	0.62%	+13.8%
ECL	Sell	Ecolab Inc.	$1,142,000	-4.1%	5,716	-4.5%	0.61%	+4.5%
DIS	Sell	Disney Walt Co	$1,003,000	-40.5%	8,084	-46.6%	0.53%	-35.2%
GLW	Buy	Corning Inc	$999,000	+30.1%	30,824	+3.9%	0.53%	+41.9%
VZ	Buy	Verizon Communications	$984,000	+25.8%	16,533	+16.6%	0.52%	+37.2%
ADI	New	Analog Devices Inc	$982,000	–	8,411	–	0.52%	–
DD	Buy	DuPont de Nemours Inc	$933,000	+184.5%	16,817	+172.6%	0.50%	+210.6%
PANW	New	Palo Alto Networks Inc Common	$908,000	–	3,711	–	0.48%	–
MMC	Buy	Marsh & McLennan Cos Inc	$889,000	+7.6%	7,750	+0.7%	0.47%	+17.4%
C	Buy	Citigroup Inc Common New	$886,000	-15.5%	20,555	+0.3%	0.47%	-7.8%
BA	Sell	Boeing Co	$868,000	-10.3%	5,255	-0.5%	0.46%	-2.3%
GD	Buy	General Dynamics Corp	$855,000	-7.4%	6,178	+0.0%	0.46%	+0.9%
T	Sell	AT&T Inc	$676,000	-6.0%	23,696	-0.4%	0.36%	+2.6%
PEP	Sell	Pepsico Inc	$644,000	+3.7%	4,649	-0.9%	0.34%	+13.2%
HYG	New	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$573,000	–	6,830	–	0.30%	–
EOG	Buy	EOG Resources, Inc.	$499,000	-28.3%	13,874	+1.1%	0.27%	-21.8%
EMB	New	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$488,000	–	4,401	–	0.26%	–
IWD	Sell	iShares Russell 1000 Value ETFrus 1000 val etf	$464,000	-90.4%	3,925	-90.9%	0.25%	-89.5%
MMM	Buy	3M Company	$461,000	+3.6%	2,879	+0.9%	0.24%	+12.9%
DHR	Sell	Danaher Corp	$388,000	+11.2%	1,801	-8.8%	0.21%	+21.8%
UNH	Sell	Unitedhealth Group, Inc.	$386,000	+5.2%	1,239	-0.4%	0.21%	+15.1%
CME	Sell	CME Group Inc	$346,000	-1.7%	2,069	-4.5%	0.18%	+7.0%
HAL	Buy	Halliburton Co	$324,000	-6.9%	26,877	+0.3%	0.17%	+1.2%
PM	Sell	Philip Morris International Inc	$287,000	+5.1%	3,823	-1.9%	0.15%	+15.0%
DOW	Sell	Dow, Inc	$281,000	+11.5%	5,966	-3.3%	0.15%	+22.0%
MO	Buy	Altria Group Inc	$276,000	-1.1%	7,155	+0.7%	0.15%	+8.1%
SLB	Buy	Schlumberger Ltd	$276,000	-14.0%	17,728	+1.5%	0.15%	-6.4%
MCHP	Sell	Microchip Technology Inc	$253,000	-7.0%	2,458	-4.8%	0.14%	+1.5%
SYY	Sell	SYSCO Corp	$251,000	+11.1%	4,035	-2.6%	0.13%	+21.8%
BRKB	New	Berkshire Hathaway Inc Class B Newcl b new	$234,000	–	1,100	–	0.12%	–
SBUX	Sell	Starbucks Corp	$225,000	-76.6%	2,624	-79.9%	0.12%	-74.4%
VIG	New	Vanguard Dividend Appreciation Index ETFdiv app etf	$206,000	–	1,600	–	0.11%	–
CSCO	Sell	Cisco Systems Inc	$202,000	-22.9%	5,140	-8.4%	0.11%	-15.6%
DNRCQ	Exit	Denbury Resources Inc	$0	–	-22,000	–	-0.00%	–
FNB	Exit	FNB Corporation	$0	–	-17,489	–	-0.06%	–
EBND	Exit	SPDR Blomberg Barclays EM Local Bond ETFblombrg brc emrg	$0	–	-17,391	–	-0.22%	–
JNK	Exit	SPDR Bloomberg Barclays High Yield Bond ETFbloomberg brclys	$0	–	-5,192	–	-0.26%	–
ETFC	Exit	E Trade Financial Corp	$0	–	-15,271	–	-0.37%	–
KLAC	Exit	KLA Corporation	$0	–	-7,109	–	-0.68%	–
IWR	Exit	iShares Russell Midcap Index Fundrus mid cap etf	$0	–	-41,666	–	-1.09%	–
IWN	Exit	iShares Russell 2000 Value ETFrus 2000 val etf	$0	–	-41,925	–	-2.00%	–
SPYV	Exit	SPDR S&P 500 Value ETFprtflo s&p500 vl	$0	–	-164,203	–	-2.32%	–
EFA	Exit	iShares MSCI EAFE ETFmsci eafe etf	$0	–	-114,268	–	-3.40%	–

Q2 2020

			Value		Shares		↓ Weighting
VONG	New	Vanguard Russell 1000 Growth ETFvng rus1000grw	$15,895,000	–	80,555	–	7.76%	–
GUNR	New	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$12,481,000	–	451,539	–	6.10%	–
FREL	New	Fidelity MSCI Real Estate Index ETFmsci rl est etf	$12,225,000	–	522,884	–	5.97%	–
MSFT	New	Microsoft Corp	$8,036,000	–	39,489	–	3.92%	–
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$7,495,000	–	42,147	–	3.66%	–
AAPL	New	Apple Computer Inc	$7,134,000	–	19,557	–	3.48%	–
EFA	New	iShares MSCI EAFE ETFmsci eafe etf	$6,955,000	–	114,268	–	3.40%	–
CZNC	New	Citizens & Northern Corp	$5,338,000	–	258,505	–	2.61%	–
AMZN	New	Amazon Communications Inc	$5,145,000	–	1,865	–	2.51%	–
IWD	New	iShares Russell 1000 Value ETFrus 1000 val etf	$4,835,000	–	42,932	–	2.36%	–
SPYV	New	SPDR S&P 500 Value ETFprtflo s&p500 vl	$4,759,000	–	164,203	–	2.32%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$4,675,000	–	3,307	–	2.28%	–
IWN	New	iShares Russell 2000 Value ETFrus 2000 val etf	$4,086,000	–	41,925	–	2.00%	–
JPM	New	JPMorgan Chase & Co	$3,469,000	–	36,882	–	1.69%	–
ABT	New	Abbott Labs	$3,104,000	–	33,952	–	1.52%	–
FB	New	Facebook Inc Class Acl a	$3,040,000	–	13,388	–	1.48%	–
AMT	New	American Tower REIT Inc	$3,016,000	–	11,667	–	1.47%	–
NKE	New	Nike, Inc. Class Bcl b	$2,632,000	–	26,848	–	1.28%	–
NVDA	New	Nvidia Corp	$2,477,000	–	6,521	–	1.21%	–
INTC	New	Intel Corp	$2,434,000	–	40,674	–	1.19%	–
EL	New	Lauder (Estee) Cos Inc Class Acl a	$2,325,000	–	12,320	–	1.14%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$2,322,000	–	7,499	–	1.13%	–
CVS	New	CVS Health Corporation	$2,287,000	–	35,202	–	1.12%	–
IWR	New	iShares Russell Midcap Index Fundrus mid cap etf	$2,233,000	–	41,666	–	1.09%	–
JNJ	New	Johnson & Johnson	$2,215,000	–	15,748	–	1.08%	–
CMCSA	New	Comcast Corp Class Acl a	$2,205,000	–	56,573	–	1.08%	–
MA	New	Mastercard Inc Class Acl a	$2,189,000	–	7,403	–	1.07%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$2,111,000	–	41,282	–	1.03%	–
CRM	New	Salesforce.Com	$2,050,000	–	10,942	–	1.00%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$1,942,000	–	16,273	–	0.95%	–
ICE	New	Intercontinental Exchange Inc Common	$1,925,000	–	21,020	–	0.94%	–
LLY	New	Eli Lilly & Co	$1,889,000	–	11,506	–	0.92%	–
ALL	New	Allstate Corp	$1,839,000	–	18,957	–	0.90%	–
MAS	New	Masco Corp	$1,815,000	–	36,141	–	0.89%	–
PG	New	Procter & Gamble Co	$1,803,000	–	15,082	–	0.88%	–
CVX	New	Chevron Corp	$1,717,000	–	19,244	–	0.84%	–
DIS	New	Disney Walt Co	$1,687,000	–	15,127	–	0.82%	–
XOM	New	Exxon Mobil Corp	$1,632,000	–	36,501	–	0.80%	–
COST	New	Costco Wholesale Corp (New)	$1,624,000	–	5,355	–	0.79%	–
BMY	New	Bristol Myers Squibb Co	$1,603,000	–	27,261	–	0.78%	–
NSC	New	Norfolk Southern Corp	$1,550,000	–	8,826	–	0.76%	–
PFE	New	Pfizer Inc	$1,549,000	–	47,363	–	0.76%	–
MCD	New	McDonalds Corp	$1,448,000	–	7,852	–	0.71%	–
ORCL	New	Oracle Corp	$1,442,000	–	26,098	–	0.70%	–
IBM	New	International Business Machines	$1,434,000	–	11,872	–	0.70%	–
HD	New	Home Depot Inc	$1,421,000	–	5,674	–	0.69%	–
ALXN	New	Alexion Pharmaceuticals Inc	$1,396,000	–	12,434	–	0.68%	–
KLAC	New	KLA Corporation	$1,383,000	–	7,109	–	0.68%	–
GWW	New	W W Grainger Inc	$1,351,000	–	4,300	–	0.66%	–
NEE	New	Nextera Energy Inc	$1,283,000	–	5,341	–	0.63%	–
KO	New	Coca Cola Co	$1,281,000	–	28,664	–	0.63%	–
ACN	New	Accenture PLC	$1,263,000	–	5,881	–	0.62%	–
EBAY	New	EBAY Inc	$1,229,000	–	23,438	–	0.60%	–
ECL	New	Ecolab Inc.	$1,191,000	–	5,986	–	0.58%	–
TJX	New	Tjx Companies (New)	$1,180,000	–	23,332	–	0.58%	–
SPY	New	SPDR S&P 500 ETF Trusttr unit	$1,169,000	–	3,792	–	0.57%	–
CMG	New	Chipotle Mexican Grill Inc Corp Common	$1,160,000	–	1,102	–	0.57%	–
HON	New	Honeywell Intl Inc	$1,158,000	–	8,007	–	0.57%	–
BNDX	New	Vanguard Total International Bond Index Fund ETFintl bd idx etf	$1,132,000	–	19,606	–	0.55%	–
XLNX	New	Xilinx Inc	$1,124,000	–	11,425	–	0.55%	–
UNP	New	Union Pacific Corp	$1,104,000	–	6,532	–	0.54%	–
DE	New	Deere & Co	$1,060,000	–	6,746	–	0.52%	–
C	New	Citigroup Inc Common New	$1,048,000	–	20,503	–	0.51%	–
BA	New	Boeing Co	$968,000	–	5,280	–	0.47%	–
SBUX	New	Starbucks Corp	$960,000	–	13,043	–	0.47%	–
GD	New	General Dynamics Corp	$923,000	–	6,176	–	0.45%	–
IWF	New	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$877,000	–	4,570	–	0.43%	–
MMC	New	Marsh & McLennan Cos Inc	$826,000	–	7,697	–	0.40%	–
VZ	New	Verizon Communications	$782,000	–	14,184	–	0.38%	–
GLW	New	Corning Inc	$768,000	–	29,656	–	0.38%	–
ETFC	New	E Trade Financial Corp	$759,000	–	15,271	–	0.37%	–
T	New	AT&T Inc	$719,000	–	23,797	–	0.35%	–
EOG	New	EOG Resources, Inc.	$696,000	–	13,729	–	0.34%	–
DIA	New	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$656,000	–	2,543	–	0.32%	–
PEP	New	Pepsico Inc	$621,000	–	4,692	–	0.30%	–
JNK	New	SPDR Bloomberg Barclays High Yield Bond ETFbloomberg brclys	$525,000	–	5,192	–	0.26%	–
EBND	New	SPDR Blomberg Barclays EM Local Bond ETFblombrg brc emrg	$456,000	–	17,391	–	0.22%	–
MMM	New	3M Company	$445,000	–	2,854	–	0.22%	–
ROP	New	Roper Industries Inc New	$433,000	–	1,115	–	0.21%	–
UNH	New	Unitedhealth Group, Inc.	$367,000	–	1,244	–	0.18%	–
CME	New	CME Group Inc	$352,000	–	2,166	–	0.17%	–
DHR	New	Danaher Corp	$349,000	–	1,974	–	0.17%	–
HAL	New	Halliburton Co	$348,000	–	26,791	–	0.17%	–
DD	New	DuPont de Nemours Inc	$328,000	–	6,170	–	0.16%	–
SLB	New	Schlumberger Ltd	$321,000	–	17,470	–	0.16%	–
CBU	New	Community Bank System, Inc	$297,000	–	5,216	–	0.14%	–
MO	New	Altria Group Inc	$279,000	–	7,105	–	0.14%	–
MRK	New	Merck & Co Inc New	$278,000	–	3,590	–	0.14%	–
MCHP	New	Microchip Technology Inc	$272,000	–	2,581	–	0.13%	–
PM	New	Philip Morris International Inc	$273,000	–	3,899	–	0.13%	–
CSCO	New	Cisco Systems Inc	$262,000	–	5,612	–	0.13%	–
FIS	New	Fidelity Natl Information Common	$257,000	–	1,918	–	0.13%	–
ITW	New	Illinois Tool Works Inc	$252,000	–	1,442	–	0.12%	–
DOW	New	Dow, Inc	$252,000	–	6,171	–	0.12%	–
SYY	New	SYSCO Corp	$226,000	–	4,142	–	0.11%	–
TGT	New	Target Corp	$207,000	–	1,727	–	0.10%	–
ROK	New	Rockwell Automation Inc Common	$204,000	–	960	–	0.10%	–
FNB	New	FNB Corporation	$131,000	–	17,489	–	0.06%	–
CLNC	New	Colony Credit Real Estate Inc	$84,000	–	11,903	–	0.04%	–
DNRCQ	New	Denbury Resources Inc	$6,000	–	22,000	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
TRVN	Exit	Trevena Inc.	$0	–	-54,300	–	-0.03%	–
GE	Exit	General Elec Co	$0	–	-11,271	–	-0.06%	–
TGT	Exit	Target Corp	$0	–	-1,911	–	-0.11%	–
FNF	Exit	Fidelity Natl Financial Common	$0	–	-4,609	–	-0.11%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-1,766	–	-0.11%	–
BRKB	Exit	Berkshire Hathaway Inc Class B Newcl b new	$0	–	-1,050	–	-0.12%	–
CLNC	Exit	Colony Credit Real Estate Inc	$0	–	-15,435	–	-0.12%	–
PPL	Exit	PPL Corp	$0	–	-7,066	–	-0.12%	–
ITW	Exit	Illinois Tool Works Inc	$0	–	-1,442	–	-0.12%	–
SYK	Exit	Stryker Corp	$0	–	-1,053	–	-0.12%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-4,948	–	-0.14%	–
ECL	Exit	Ecolab Inc.	$0	–	-1,269	–	-0.14%	–
EMB	Exit	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$0	–	-2,222	–	-0.14%	–
FIS	Exit	Fidelity Natl Information Common	$0	–	-1,918	–	-0.14%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-929	–	-0.15%	–
DOW	Exit	Dow, Inc	$0	–	-6,282	–	-0.16%	–
MO	Exit	Altria Group Inc	$0	–	-7,330	–	-0.16%	–
HYG	Exit	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$0	–	-3,472	–	-0.16%	–
MRK	Exit	Merck & Co Inc New	$0	–	-3,590	–	-0.16%	–
PM	Exit	Philip Morris International Inc	$0	–	-4,168	–	-0.17%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.18%	–
DHR	Exit	Danaher Corp	$0	–	-2,381	–	-0.19%	–
ADP	Exit	Automatic Data Processing	$0	–	-2,176	–	-0.19%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-7,172	–	-0.19%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-1,695	–	-0.20%	–
SYY	Exit	SYSCO Corp	$0	–	-4,764	–	-0.21%	–
ROP	Exit	Roper Industries Inc New	$0	–	-1,115	–	-0.22%	–
ACN	Exit	Accenture PLC	$0	–	-2,131	–	-0.22%	–
DD	Exit	DuPont de Nemours Inc	$0	–	-6,281	–	-0.24%	–
MMM	Exit	3M Company	$0	–	-2,884	–	-0.26%	–
HAL	Exit	Halliburton Co	$0	–	-26,474	–	-0.27%	–
SCHW	Exit	Charles Schwab Corp	$0	–	-12,932	–	-0.30%	–
CCL	Exit	Carnival Corporationunit 99/99/9999	$0	–	-12,782	–	-0.30%	–
IWD	Exit	iShares Russell 1000 Value ETFrus 1000 val etf	$0	–	-4,474	–	-0.31%	–
BNDX	Exit	Vanguard Total International Bond Index Fund ETFintl bd idx etf	$0	–	-10,398	–	-0.33%	–
CME	Exit	CME Group Inc	$0	–	-2,905	–	-0.34%	–
SLB	Exit	Schlumberger Ltd	$0	–	-18,036	–	-0.34%	–
NUE	Exit	Nucor Corp	$0	–	-12,199	–	-0.34%	–
MMC	Exit	Marsh & McLennan Cos Inc	$0	–	-6,417	–	-0.35%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-2,915	–	-0.37%	–
PEP	Exit	Pepsico Inc	$0	–	-5,005	–	-0.37%	–
DIA	Exit	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$0	–	-2,561	–	-0.38%	–
LLY	Exit	Eli Lilly & Co	$0	–	-6,367	–	-0.39%	–
ETFC	Exit	ETrade Financial Corp	$0	–	-16,364	–	-0.39%	–
DUK	Exit	Duke Energy Corporation New	$0	–	-7,769	–	-0.41%	–
GLW	Exit	Corning Inc	$0	–	-29,656	–	-0.46%	–
IWF	Exit	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$0	–	-5,470	–	-0.48%	–
VZ	Exit	Verizon Communications	$0	–	-15,062	–	-0.50%	–
EBAY	Exit	EBAY Inc	$0	–	-23,633	–	-0.50%	–
T	Exit	AT&T Inc	$0	–	-25,085	–	-0.52%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-13,528	–	-0.55%	–
UNP	Exit	Union Pacific Corp	$0	–	-6,532	–	-0.58%	–
NVDA	Exit	Nvidia Corp	$0	–	-6,722	–	-0.64%	–
KLAC	Exit	KLA Corporation	$0	–	-7,356	–	-0.64%	–
GD	Exit	General Dynamics Corp	$0	–	-6,803	–	-0.68%	–
SPY	Exit	SPDR S&P 500 ETF Trusttr unit	$0	–	-4,199	–	-0.68%	–
ALXN	Exit	Alexion Pharmaceuticals Inc	$0	–	-13,220	–	-0.71%	–
IBM	Exit	International Business Machines	$0	–	-9,239	–	-0.73%	–
TJX	Exit	Tjx Companies (New)	$0	–	-24,743	–	-0.75%	–
GWW	Exit	W W Grainger Inc	$0	–	-4,685	–	-0.76%	–
HON	Exit	Honeywell Intl Inc	$0	–	-8,354	–	-0.77%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-27,945	–	-0.77%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-15,268	–	-0.77%	–
HD	Exit	Home Depot Inc	$0	–	-6,500	–	-0.82%	–
C	Exit	Citigroup Inc Common New	$0	–	-23,019	–	-0.87%	–
CELG	Exit	Celgene Corporation	$0	–	-16,036	–	-0.87%	–
MAS	Exit	Masco Corp	$0	–	-38,284	–	-0.87%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-5,608	–	-0.88%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-9,200	–	-0.90%	–
KO	Exit	Coca Cola Co	$0	–	-30,684	–	-0.91%	–
MA	Exit	Mastercard Inc Class Acl a	$0	–	-6,364	–	-0.94%	–
PFE	Exit	Pfizer Inc	$0	–	-49,583	–	-0.97%	–
MCD	Exit	McDonalds Corp	$0	–	-8,525	–	-1.00%	–
SBUX	Exit	Starbucks Corp	$0	–	-22,136	–	-1.07%	–
ORCL	Exit	Oracle Corp	$0	–	-36,402	–	-1.09%	–
CMCSA	Exit	Comcast Corp Class Acl a	$0	–	-44,977	–	-1.11%	–
PG	Exit	Procter & Gamble Co	$0	–	-16,392	–	-1.11%	–
JNJ	Exit	Johnson & Johnson	$0	–	-15,886	–	-1.12%	–
FB	Exit	Facebook Inc Class Acl a	$0	–	-11,631	–	-1.13%	–
CRM	Exit	Salesforce.Com	$0	–	-14,163	–	-1.15%	–
ALL	Exit	Allstate Corp	$0	–	-20,114	–	-1.19%	–
BA	Exit	Boeing Co	$0	–	-5,797	–	-1.20%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-16,798	–	-1.26%	–
CVS	Exit	CVS Health Corporation	$0	–	-36,574	–	-1.26%	–
CVX	Exit	Chevron Corp	$0	–	-20,214	–	-1.31%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-44,373	–	-1.34%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-27,109	–	-1.36%	–
INTC	Exit	Intel Corp	$0	–	-49,225	–	-1.38%	–
EL	Exit	Lauder (Estee) Cos Inc Class Acl a	$0	–	-12,974	–	-1.41%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-39,316	–	-1.52%	–
AMT	Exit	American Tower REIT Inc	$0	–	-12,599	–	-1.52%	–
ABT	Exit	Abbott Labs	$0	–	-35,742	–	-1.63%	–
DIS	Exit	Disney Walt Co	$0	–	-23,608	–	-1.68%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-34,039	–	-1.74%	–
AMZN	Exit	Amazon Communications Inc	$0	–	-1,916	–	-1.82%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-39,254	–	-2.52%	–
AAPL	Exit	Apple Computer Inc	$0	–	-21,185	–	-2.59%	–
GOOG	Exit	Alphabet Inc Class Ccap stk cl c	$0	–	-4,267	–	-2.84%	–
MSFT	Exit	Microsoft Corp	$0	–	-42,338	–	-3.21%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-266,235	–	-3.82%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-42,748	–	-4.51%	–
GUNR	Exit	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$0	–	-384,223	–	-6.53%	–
SCHH	Exit	Schwab US REIT ETFus reit etf	$0	–	-268,261	–	-6.90%	–
VONG	Exit	Vanguard Russell 1000 Growth ETFvng rus1000grw	$0	–	-81,498	–	-7.30%	–

Q3 2019

			Value		Shares		↓ Weighting
VONG	Buy	Vanguard Russell 1000 Growth ETFvng rus1000grw	$13,379,000	+2.4%	81,498	+1.2%	7.30%	+0.5%
SCHH	Sell	Schwab US REIT ETFus reit etf	$12,654,000	+3.3%	268,261	-2.7%	6.90%	+1.4%
GUNR	Buy	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$11,969,000	-2.1%	384,223	+3.7%	6.53%	-3.9%
IJH	Buy	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$8,260,000	-0.0%	42,748	+0.5%	4.51%	-1.9%
CZNC	Sell	Citizens & Northern Corp	$6,997,000	-0.8%	266,235	-0.6%	3.82%	-2.6%
MSFT	Sell	Microsoft Corp	$5,886,000	+3.3%	42,338	-0.5%	3.21%	+1.4%
GOOG	Sell	Alphabet Inc Class Ccap stk cl c	$5,201,000	+9.5%	4,267	-2.9%	2.84%	+7.5%
AAPL	Sell	Apple Computer Inc	$4,745,000	+11.1%	21,185	-1.8%	2.59%	+9.1%
JPM	Sell	JPMorgan Chase & Co	$4,620,000	+3.7%	39,254	-1.5%	2.52%	+1.8%
AMZN	Buy	Amazon Communications Inc	$3,326,000	-8.1%	1,916	+0.2%	1.82%	-9.8%
NKE	Sell	Nike, Inc. Class Bcl b	$3,197,000	+8.6%	34,039	-2.9%	1.74%	+6.7%
DIS	Sell	Disney Walt Co	$3,077,000	-9.0%	23,608	-2.5%	1.68%	-10.7%
ABT	Sell	Abbott Labs	$2,991,000	-2.4%	35,742	-1.9%	1.63%	-4.2%
AMT	Sell	American Tower REIT Inc	$2,786,000	+4.0%	12,599	-3.9%	1.52%	+2.0%
XOM	Sell	Exxon Mobil Corp	$2,776,000	-8.4%	39,316	-0.5%	1.52%	-10.0%
EL	Sell	Lauder (Estee) Cos Inc Class Acl a	$2,581,000	+5.7%	12,974	-2.7%	1.41%	+3.8%
INTC	Buy	Intel Corp	$2,537,000	+8.0%	49,225	+0.3%	1.38%	+6.0%
ICE	Sell	Intercontinental Exchange Inc Common	$2,501,000	+4.9%	27,109	-2.3%	1.36%	+3.0%
MDLZ	Sell	Mondelez Intl Inc Class Acl a	$2,455,000	+0.5%	44,373	-2.1%	1.34%	-1.3%
CVX	Sell	Chevron Corp	$2,397,000	-5.0%	20,214	-0.3%	1.31%	-6.8%
CVS	Buy	CVS Health Corporation	$2,307,000	+112.0%	36,574	+83.2%	1.26%	+108.1%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$2,306,000	+13.1%	16,798	-3.0%	1.26%	+10.9%
BA	Buy	Boeing Co	$2,206,000	+24.9%	5,797	+19.5%	1.20%	+22.6%
ALL	Sell	Allstate Corp	$2,186,000	+3.0%	20,114	-3.6%	1.19%	+1.1%
CRM	Sell	Salesforce.Com	$2,102,000	-6.5%	14,163	-4.4%	1.15%	-8.2%
FB	Sell	Facebook Inc Class Acl a	$2,071,000	-10.3%	11,631	-2.8%	1.13%	-12.0%
JNJ	Buy	Johnson & Johnson	$2,055,000	-7.1%	15,886	+0.1%	1.12%	-8.8%
PG	Buy	Procter & Gamble Co	$2,039,000	+20.7%	16,392	+6.4%	1.11%	+18.5%
CMCSA	Sell	Comcast Corp Class Acl a	$2,028,000	+5.4%	44,977	-1.2%	1.11%	+3.5%
ORCL	Sell	Oracle Corp	$2,003,000	-6.0%	36,402	-2.6%	1.09%	-7.7%
SBUX	Sell	Starbucks Corp	$1,957,000	+1.3%	22,136	-3.9%	1.07%	-0.6%
MCD	Sell	McDonalds Corp	$1,830,000	-0.4%	8,525	-3.7%	1.00%	-2.3%
PFE	Sell	Pfizer Inc	$1,782,000	-19.3%	49,583	-2.8%	0.97%	-20.8%
MA	Sell	Mastercard Inc Class Acl a	$1,728,000	+0.2%	6,364	-2.4%	0.94%	-1.6%
KO	Sell	Coca Cola Co	$1,670,000	+3.4%	30,684	-3.2%	0.91%	+1.4%
NSC	Sell	Norfolk Southern Corp	$1,653,000	-12.9%	9,200	-3.3%	0.90%	-14.5%
COST	Sell	Costco Wholesale Corp (New)	$1,616,000	+6.2%	5,608	-2.6%	0.88%	+4.3%
MAS	Sell	Masco Corp	$1,596,000	+2.5%	38,284	-3.5%	0.87%	+0.6%
CELG	Sell	Celgene Corporation	$1,592,000	+3.8%	16,036	-3.4%	0.87%	+1.9%
C	Sell	Citigroup Inc Common New	$1,590,000	-19.0%	23,019	-17.9%	0.87%	-20.4%
HD	Buy	Home Depot Inc	$1,508,000	+26.0%	6,500	+12.9%	0.82%	+23.8%
MCHP	Sell	Microchip Technology Inc	$1,419,000	+5.4%	15,268	-1.6%	0.77%	+3.5%
BMY	Sell	Bristol Myers Squibb Co	$1,417,000	+8.2%	27,945	-3.3%	0.77%	+6.2%
HON	Sell	Honeywell Intl Inc	$1,413,000	-5.4%	8,354	-2.4%	0.77%	-7.2%
GWW	Sell	W W Grainger Inc	$1,392,000	+8.1%	4,685	-2.4%	0.76%	+6.1%
TJX	Sell	Tjx Companies (New)	$1,379,000	+1.0%	24,743	-4.2%	0.75%	-0.9%
IBM	Sell	International Business Machines	$1,344,000	+4.5%	9,239	-1.0%	0.73%	+2.5%
ALXN	Sell	Alexion Pharmaceuticals Inc	$1,295,000	-27.8%	13,220	-3.5%	0.71%	-29.1%
SPY	Buy	SPDR S&P 500 ETF Trusttr unit	$1,246,000	+125.7%	4,199	+123.0%	0.68%	+121.5%
GD	Sell	General Dynamics Corp	$1,243,000	-1.7%	6,803	-2.2%	0.68%	-3.6%
KLAC	Sell	KLA Corporation	$1,173,000	+33.4%	7,356	-1.1%	0.64%	+30.9%
NVDA	Sell	Nvidia Corp	$1,170,000	+3.7%	6,722	-2.2%	0.64%	+1.8%
EOG	Buy	EOG Resources, Inc.	$1,004,000	+24.0%	13,528	+55.6%	0.55%	+21.8%
T	Sell	AT&T Inc	$949,000	+5.1%	25,085	-6.9%	0.52%	+3.2%
EBAY	Sell	EBAY Inc	$921,000	-1.5%	23,633	-0.1%	0.50%	-3.3%
VZ	Sell	Verizon Communications	$909,000	-5.2%	15,062	-10.3%	0.50%	-6.9%
IWF	Buy	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$873,000	+10.5%	5,470	+9.0%	0.48%	+8.4%
GLW	Sell	Corning Inc	$846,000	-19.6%	29,656	-6.3%	0.46%	-21.0%
DUK	Sell	Duke Energy Corporation New	$745,000	+6.0%	7,769	-2.5%	0.41%	+4.1%
ETFC	Sell	ETrade Financial Corp	$715,000	-39.6%	16,364	-38.3%	0.39%	-40.7%
LLY	New	Eli Lilly & Co	$712,000	–	6,367	–	0.39%	–
DIA	Buy	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$689,000	+241.1%	2,561	+236.5%	0.38%	+235.7%
PEP	Buy	Pepsico Inc	$686,000	+12.5%	5,005	+7.5%	0.37%	+10.3%
BIIB	Sell	Biogen Idec Inc	$679,000	-2.9%	2,915	-2.5%	0.37%	-4.6%
MMC	New	Marsh & McLennan Cos Inc	$642,000	–	6,417	–	0.35%	–
NUE	Sell	Nucor Corp	$621,000	-47.6%	12,199	-43.2%	0.34%	-48.5%
SLB	Sell	Schlumberger Ltd	$616,000	-18.4%	18,036	-5.0%	0.34%	-20.0%
BNDX	Buy	Vanguard Total International Bond Index Fund ETFintl bd idx etf	$612,000	+26.7%	10,398	+23.3%	0.33%	+24.2%
IWD	Buy	iShares Russell 1000 Value ETFrus 1000 val etf	$574,000	+17.9%	4,474	+16.8%	0.31%	+15.5%
CCL	Sell	Carnival Corporationunit 99/99/9999	$559,000	-6.5%	12,782	-0.5%	0.30%	-8.1%
SCHW	Sell	Charles Schwab Corp	$541,000	-0.2%	12,932	-4.1%	0.30%	-2.0%
HAL	Sell	Halliburton Co	$499,000	-20.8%	26,474	-4.5%	0.27%	-22.3%
DD	Sell	DuPont de Nemours Inc	$448,000	-5.3%	6,281	-0.4%	0.24%	-7.2%
ACN	Sell	Accenture PLC	$410,000	+3.0%	2,131	-1.1%	0.22%	+1.4%
ROP	Sell	Roper Industries Inc New	$398,000	-9.5%	1,115	-7.1%	0.22%	-11.4%
SYY	Buy	SYSCO Corp	$378,000	+68.0%	4,764	+49.7%	0.21%	+64.8%
UNH	Sell	Unitedhealth Group, Inc.	$368,000	-11.3%	1,695	-0.3%	0.20%	-13.0%
ADP	Sell	Automatic Data Processing	$351,000	-3.8%	2,176	-1.5%	0.19%	-5.4%
DHR	Sell	Danaher Corp	$344,000	+0.6%	2,381	-0.4%	0.19%	-1.1%
HYG	New	iShares iBoxx $ High Yield Corp Bond ETFiboxx hi yd etf	$303,000	–	3,472	–	0.16%	–
DOW	Sell	Dow, Inc	$299,000	-3.9%	6,282	-0.4%	0.16%	-5.8%
EMB	New	iShares JPMorgan USD Emerging Markets Bond ETFjpmorgan usd emg	$252,000	–	2,222	–	0.14%	–
ECL	Sell	Ecolab Inc.	$251,000	-0.4%	1,269	-0.5%	0.14%	-2.1%
WFC	Sell	Wells Fargo & Co New	$250,000	-22.6%	4,948	-27.5%	0.14%	-24.4%
ITW	Sell	Illinois Tool Works Inc	$226,000	-1.3%	1,442	-4.9%	0.12%	-3.1%
PPL	New	PPL Corp	$223,000	–	7,066	–	0.12%	–
BRKB	New	Berkshire Hathaway Inc Class B Newcl b new	$218,000	–	1,050	–	0.12%	–
FNF	New	Fidelity Natl Financial Common	$205,000	–	4,609	–	0.11%	–
TGT	New	Target Corp	$204,000	–	1,911	–	0.11%	–
GE	Sell	General Elec Co	$101,000	-22.9%	11,271	-9.9%	0.06%	-24.7%
ITA	Exit	iShares Dow Jones U.S. Aerospace and Defense Index Fund ETFus aer def etf	$0	–	-1,928	–	-0.23%	–
AGN	Exit	Allergan PLC	$0	–	-5,301	–	-0.49%	–
XLV	Exit	Health Care Select Sector SPDRsbi healthcare	$0	–	-9,947	–	-0.51%	–

Q2 2019

			Value		Shares		↓ Weighting
VONG	New	Vanguard Russell 1000 Growth ETFvng rus1000grw	$13,066,000	–	80,524	–	7.26%	–
SCHH	New	Schwab US REIT ETFus reit etf	$12,253,000	–	275,722	–	6.81%	–
GUNR	New	Flexshares Morningstar Global Upstream Nat Res Index ETFmornstar upstr	$12,231,000	–	370,516	–	6.80%	–
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$8,264,000	–	42,541	–	4.59%	–
CZNC	New	Citizens & Northern Corp	$7,050,000	–	267,738	–	3.92%	–
MSFT	New	Microsoft Corp	$5,697,000	–	42,530	–	3.17%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$4,751,000	–	4,395	–	2.64%	–
JPM	New	JPMorgan Chase & Co	$4,455,000	–	39,847	–	2.48%	–
AAPL	New	Apple Computer Inc	$4,271,000	–	21,580	–	2.37%	–
AMZN	New	Amazon Communications Inc	$3,621,000	–	1,912	–	2.01%	–
DIS	New	Disney Walt Co	$3,381,000	–	24,211	–	1.88%	–
ABT	New	Abbott Labs	$3,065,000	–	36,448	–	1.70%	–
XOM	New	Exxon Mobil Corp	$3,029,000	–	39,530	–	1.68%	–
NKE	New	Nike, Inc. Class Bcl b	$2,943,000	–	35,062	–	1.64%	–
AMT	New	American Tower REIT Inc	$2,680,000	–	13,110	–	1.49%	–
CVX	New	Chevron Corp	$2,523,000	–	20,271	–	1.40%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$2,443,000	–	45,320	–	1.36%	–
EL	New	Lauder (Estee) Cos Inc Class Acl a	$2,441,000	–	13,332	–	1.36%	–
ICE	New	Intercontinental Exchange Inc Common	$2,384,000	–	27,746	–	1.32%	–
INTC	New	Intel Corp	$2,349,000	–	49,075	–	1.31%	–
FB	New	Facebook Inc Class Acl a	$2,309,000	–	11,962	–	1.28%	–
CRM	New	Salesforce.Com	$2,248,000	–	14,817	–	1.25%	–
JNJ	New	Johnson & Johnson	$2,211,000	–	15,872	–	1.23%	–
PFE	New	Pfizer Inc	$2,209,000	–	51,001	–	1.23%	–
ORCL	New	Oracle Corp	$2,130,000	–	37,390	–	1.18%	–
ALL	New	Allstate Corp	$2,122,000	–	20,872	–	1.18%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$2,039,000	–	17,319	–	1.13%	–
C	New	Citigroup Inc Common New	$1,963,000	–	28,031	–	1.09%	–
SBUX	New	Starbucks Corp	$1,932,000	–	23,041	–	1.07%	–
CMCSA	New	Comcast Corp Class Acl a	$1,925,000	–	45,533	–	1.07%	–
NSC	New	Norfolk Southern Corp	$1,897,000	–	9,515	–	1.06%	–
MCD	New	McDonalds Corp	$1,838,000	–	8,849	–	1.02%	–
ALXN	New	Alexion Pharmaceuticals Inc	$1,794,000	–	13,699	–	1.00%	–
BA	New	Boeing Co	$1,766,000	–	4,851	–	0.98%	–
MA	New	Mastercard Inc Class Acl a	$1,724,000	–	6,519	–	0.96%	–
PG	New	Procter & Gamble Co	$1,689,000	–	15,402	–	0.94%	–
KO	New	Coca Cola Co	$1,615,000	–	31,707	–	0.90%	–
MAS	New	Masco Corp	$1,557,000	–	39,671	–	0.87%	–
CELG	New	Celgene Corporation	$1,534,000	–	16,594	–	0.85%	–
COST	New	Costco Wholesale Corp (New)	$1,521,000	–	5,755	–	0.85%	–
HON	New	Honeywell Intl Inc	$1,494,000	–	8,560	–	0.83%	–
TJX	New	Tjx Companies (New)	$1,366,000	–	25,839	–	0.76%	–
MCHP	New	Microchip Technology Inc	$1,346,000	–	15,520	–	0.75%	–
BMY	New	Bristol Myers Squibb Co	$1,310,000	–	28,888	–	0.73%	–
GWW	New	W W Grainger Inc	$1,288,000	–	4,802	–	0.72%	–
IBM	New	International Business Machines	$1,286,000	–	9,328	–	0.72%	–
GD	New	General Dynamics Corp	$1,265,000	–	6,955	–	0.70%	–
HD	New	Home Depot Inc	$1,197,000	–	5,758	–	0.66%	–
NUE	New	Nucor Corp	$1,184,000	–	21,492	–	0.66%	–
ETFC	New	ETrade Financial Corp	$1,183,000	–	26,529	–	0.66%	–
NVDA	New	Nvidia Corp	$1,128,000	–	6,871	–	0.63%	–
UNP	New	Union Pacific Corp	$1,105,000	–	6,532	–	0.61%	–
CVS	New	CVS Health Corporation	$1,088,000	–	19,965	–	0.60%	–
GLW	New	Corning Inc	$1,052,000	–	31,656	–	0.58%	–
VZ	New	Verizon Communications	$959,000	–	16,794	–	0.53%	–
EBAY	New	EBAY Inc	$935,000	–	23,665	–	0.52%	–
XLV	New	Health Care Select Sector SPDRsbi healthcare	$921,000	–	9,947	–	0.51%	–
T	New	AT&T Inc	$903,000	–	26,946	–	0.50%	–
AGN	New	Allergan PLC	$888,000	–	5,301	–	0.49%	–
KLAC	New	KLA Corporation	$879,000	–	7,437	–	0.49%	–
EOG	New	EOG Resources, Inc.	$810,000	–	8,696	–	0.45%	–
IWF	New	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$790,000	–	5,020	–	0.44%	–
SLB	New	Schlumberger Ltd	$755,000	–	18,986	–	0.42%	–
DUK	New	Duke Energy Corporation New	$703,000	–	7,966	–	0.39%	–
BIIB	New	Biogen Idec Inc	$699,000	–	2,990	–	0.39%	–
HAL	New	Halliburton Co	$630,000	–	27,722	–	0.35%	–
PEP	New	Pepsico Inc	$610,000	–	4,655	–	0.34%	–
CCL	New	Carnival Corporationunit 99/99/9999	$598,000	–	12,851	–	0.33%	–
CME	New	CME Group Inc	$564,000	–	2,905	–	0.31%	–
SPY	New	SPDR S&P 500 ETF Trusttr unit	$552,000	–	1,883	–	0.31%	–
SCHW	New	Charles Schwab Corp	$542,000	–	13,488	–	0.30%	–
MMM	New	3M Company	$500,000	–	2,884	–	0.28%	–
IWD	New	iShares Russell 1000 Value ETFrus 1000 val etf	$487,000	–	3,829	–	0.27%	–
BNDX	New	Vanguard Total International Bond Index Fund ETFintl bd idx etf	$483,000	–	8,431	–	0.27%	–
DD	New	DuPont de Nemours Inc	$473,000	–	6,307	–	0.26%	–
ROP	New	Roper Industries Inc New	$440,000	–	1,200	–	0.24%	–
UNH	New	Unitedhealth Group, Inc.	$415,000	–	1,700	–	0.23%	–
ITA	New	iShares Dow Jones U.S. Aerospace and Defense Index Fund ETFus aer def etf	$413,000	–	1,928	–	0.23%	–
ACN	New	Accenture PLC	$398,000	–	2,155	–	0.22%	–
CSCO	New	Cisco Systems Inc	$393,000	–	7,172	–	0.22%	–
ADP	New	Automatic Data Processing	$365,000	–	2,210	–	0.20%	–
MO	New	Altria Group Inc	$347,000	–	7,330	–	0.19%	–
CBU	New	Community Bank System, Inc	$343,000	–	5,216	–	0.19%	–
DHR	New	Danaher Corp	$342,000	–	2,391	–	0.19%	–
PM	New	Philip Morris International Inc	$327,000	–	4,168	–	0.18%	–
WFC	New	Wells Fargo & Co New	$323,000	–	6,828	–	0.18%	–
DOW	New	Dow, Inc	$311,000	–	6,308	–	0.17%	–
MRK	New	Merck & Co Inc New	$301,000	–	3,590	–	0.17%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$274,000	–	929	–	0.15%	–
ECL	New	Ecolab Inc.	$252,000	–	1,276	–	0.14%	–
CLNC	New	Colony Credit Real Estate Inc	$239,000	–	15,435	–	0.13%	–
FIS	New	Fidelity Natl Information Common	$235,000	–	1,918	–	0.13%	–
ITW	New	Illinois Tool Works Inc	$229,000	–	1,517	–	0.13%	–
SYY	New	SYSCO Corp	$225,000	–	3,182	–	0.12%	–
DRI	New	Darden Restaurants Inc	$215,000	–	1,766	–	0.12%	–
SYK	New	Stryker Corp	$216,000	–	1,053	–	0.12%	–
DIA	New	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$202,000	–	761	–	0.11%	–
GE	New	General Elec Co	$131,000	–	12,506	–	0.07%	–
TRVN	New	Trevena Inc.	$56,000	–	54,300	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
TRVN	Exit	Trevena Inc.	$0	–	-54,300	–	-0.08%	–
GE	Exit	General Elec Co	$0	–	-13,546	–	-0.10%	–
TGT	Exit	Target Corp	$0	–	-2,323	–	-0.14%	–
FIS	Exit	Fidelity Natl Information Common	$0	–	-1,918	–	-0.14%	–
ITW	Exit	Illinois Tool Works Inc	$0	–	-1,517	–	-0.15%	–
MA	Exit	Mastercard Inc Class Acl a	$0	–	-1,050	–	-0.16%	–
ECL	Exit	Ecolab Inc.	$0	–	-1,508	–	-0.16%	–
SYK	Exit	Stryker Corp	$0	–	-1,362	–	-0.16%	–
MRK	Exit	Merck & Co Inc New	$0	–	-3,840	–	-0.18%	–
SYY	Exit	SYSCO Corp	$0	–	-3,808	–	-0.19%	–
DHR	Exit	Danaher Corp	$0	–	-2,823	–	-0.21%	–
BLK	Exit	Blackrock, Inc.	$0	–	-668	–	-0.21%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.22%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-1,222	–	-0.22%	–
DIA	Exit	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$0	–	-1,215	–	-0.22%	–
QCOM	Exit	Qualcomm Inc	$0	–	-4,522	–	-0.22%	–
CLNC	Exit	Colony Credit Real Estate Inc	$0	–	-15,435	–	-0.23%	–
ROP	Exit	Roper Industries Inc New	$0	–	-1,200	–	-0.24%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-3,276	–	-0.25%	–
PM	Exit	Philip Morris International Inc	$0	–	-4,728	–	-0.26%	–
CMCSA	Exit	Comcast Corp Class Acl a	$0	–	-11,234	–	-0.27%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-1,464	–	-0.29%	–
ACWX	Exit	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$0	–	-9,295	–	-0.30%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-9,266	–	-0.31%	–
MO	Exit	Altria Group Inc	$0	–	-7,555	–	-0.31%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-6,186	–	-0.33%	–
ADP	Exit	Automatic Data Processing	$0	–	-3,296	–	-0.34%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-2,096	–	-0.38%	–
IWD	Exit	iShares Russell 1000 Value ETFrus 1000 val etf	$0	–	-4,450	–	-0.38%	–
ACN	Exit	Accenture PLC	$0	–	-3,520	–	-0.41%	–
PEP	Exit	Pepsico Inc	$0	–	-5,350	–	-0.41%	–
SPY	Exit	SPDR S&P 500 ETF Trusttr unit	$0	–	-2,084	–	-0.41%	–
MMM	Exit	3M Company	$0	–	-2,941	–	-0.42%	–
CME	Exit	CME Group Inc	$0	–	-3,815	–	-0.44%	–
DUK	Exit	Duke Energy Corporation New	$0	–	-8,383	–	-0.46%	–
KLAC	Exit	KLA-Tencor Corporation	$0	–	-7,641	–	-0.53%	–
AGN	Exit	Allergan PLC	$0	–	-4,303	–	-0.56%	–
CCL	Exit	Carnival Corporationunit 99/99/9999	$0	–	-13,272	–	-0.58%	–
T	Exit	AT&T Inc	$0	–	-26,662	–	-0.61%	–
RHT	Exit	Red Hat, Inc	$0	–	-6,856	–	-0.64%	–
HAL	Exit	Halliburton Co	$0	–	-24,686	–	-0.68%	–
IWF	Exit	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$0	–	-6,530	–	-0.69%	–
VZ	Exit	Verizon Communications	$0	–	-19,169	–	-0.70%	–
JNJ	Exit	Johnson & Johnson	$0	–	-7,577	–	-0.71%	–
UNP	Exit	Union Pacific Corp	$0	–	-6,532	–	-0.72%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-3,248	–	-0.78%	–
GLW	Exit	Corning Inc	$0	–	-32,535	–	-0.78%	–
NVDA	Exit	Nvidia Corp	$0	–	-4,299	–	-0.82%	–
SLB	Exit	Schlumberger Ltd	$0	–	-19,859	–	-0.82%	–
DWDP	Exit	DowDuPont Inc	$0	–	-19,043	–	-0.83%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-9,856	–	-0.86%	–
ADS	Exit	Alliance Data Systems Corp	$0	–	-5,483	–	-0.88%	–
ETFC	Exit	E-Trade Financial Corp	$0	–	-26,253	–	-0.94%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-5,883	–	-0.94%	–
NUE	Exit	Nucor Corp	$0	–	-21,874	–	-0.94%	–
IBM	Exit	International Business Machines	$0	–	-9,358	–	-0.96%	–
MAS	Exit	Masco Corp	$0	–	-38,802	–	-0.96%	–
HON	Exit	Honeywell Intl Inc	$0	–	-8,586	–	-0.97%	–
PFE	Exit	Pfizer Inc	$0	–	-32,998	–	-0.99%	–
KO	Exit	Coca Cola Co	$0	–	-31,557	–	-0.99%	–
GD	Exit	General Dynamics Corp	$0	–	-7,163	–	-1.00%	–
MCD	Exit	McDonalds Corp	$0	–	-9,153	–	-1.04%	–
CELG	Exit	Celgene Corporation	$0	–	-17,458	–	-1.06%	–
FB	Exit	Facebook Inc Class Acl a	$0	–	-10,165	–	-1.14%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-9,371	–	-1.15%	–
PG	Exit	Procter & Gamble Co	$0	–	-21,030	–	-1.19%	–
GWW	Exit	W W Grainger Inc	$0	–	-4,927	–	-1.20%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-28,822	–	-1.22%	–
ALXN	Exit	Alexion Pharmaceuticals Inc	$0	–	-13,246	–	-1.25%	–
SBUX	Exit	Starbucks Corp	$0	–	-33,233	–	-1.28%	–
EL	Exit	Lauder (Estee) Cos Inc Class Acl a	$0	–	-13,086	–	-1.29%	–
DIS	Exit	Disney Walt Co	$0	–	-16,394	–	-1.30%	–
AMT	Exit	American Tower REIT Inc	$0	–	-13,216	–	-1.30%	–
CVX	Exit	Chevron Corp	$0	–	-15,934	–	-1.32%	–
CVS	Exit	CVS Health Corporation	$0	–	-25,059	–	-1.34%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-46,415	–	-1.36%	–
SHPG	Exit	Shire PLC Sponsored ADRsponsored adr	$0	–	-11,150	–	-1.37%	–
HD	Exit	Home Depot Inc	$0	–	-9,815	–	-1.38%	–
ORCL	Exit	Oracle Corp	$0	–	-39,553	–	-1.39%	–
C	Exit	Citigroup Inc Common New	$0	–	-28,460	–	-1.39%	–
ALL	Exit	Allstate Corp	$0	–	-20,796	–	-1.40%	–
TJX	Exit	Tjx Companies (New)	$0	–	-18,804	–	-1.43%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-28,256	–	-1.44%	–
INTC	Exit	Intel Corp	$0	–	-45,300	–	-1.46%	–
SCHW	Exit	Charles Schwab Corp	$0	–	-46,192	–	-1.54%	–
ABT	Exit	Abbott Labs	$0	–	-30,969	–	-1.54%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-17,480	–	-1.56%	–
CRM	Exit	Salesforce.Com	$0	–	-14,670	–	-1.59%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-25,763	–	-1.66%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-29,722	–	-1.72%	–
FOXA	Exit	Twenty-First Century Fox Inc Class Acl a	$0	–	-57,088	–	-1.80%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-53,112	–	-1.90%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-47,127	–	-2.72%	–
MSFT	Exit	Microsoft Corp	$0	–	-37,359	–	-2.90%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-40,785	–	-3.13%	–
AAPL	Exit	Apple Computer Inc	$0	–	-24,018	–	-3.69%	–
GOOG	Exit	Alphabet Inc Class Ccap stk cl c	$0	–	-4,886	–	-3.96%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-240,816	–	-4.28%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-45,414	–	-6.22%	–

Q3 2018

			Value		Shares		↓ Weighting
IJH	Sell	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$9,141,000	-3.5%	45,414	-6.7%	6.22%	-7.7%
CZNC	Buy	Citizens & Northern Corp	$6,297,000	+3.3%	240,816	+2.2%	4.28%	-1.2%
GOOG	Sell	Alphabet Inc Class Ccap stk cl c	$5,831,000	+4.3%	4,886	-2.5%	3.96%	-0.2%
AAPL	Sell	Apple Computer Inc	$5,422,000	+18.8%	24,018	-2.6%	3.69%	+13.7%
JPM	Sell	JPMorgan Chase & Co	$4,602,000	+2.5%	40,785	-5.4%	3.13%	-1.9%
MSFT	Sell	Microsoft Corp	$4,273,000	+15.2%	37,359	-0.7%	2.90%	+10.2%
NKE	Sell	Nike, Inc. Class Bcl b	$3,993,000	+1.6%	47,127	-4.4%	2.72%	-2.8%
WFC	Sell	Wells Fargo & Co New	$2,792,000	-10.1%	53,112	-5.2%	1.90%	-14.0%
FOXA	Sell	Twenty-First Century Fox Inc Class Acl a	$2,645,000	-9.2%	57,088	-2.6%	1.80%	-13.1%
XOM	Sell	Exxon Mobil Corp	$2,527,000	-11.4%	29,722	-13.8%	1.72%	-15.2%
ESRX	Sell	Express Scripts Holding Co.	$2,448,000	+20.5%	25,763	-2.1%	1.66%	+15.2%
CRM	Sell	Salesforce.Com	$2,333,000	+14.0%	14,670	-2.2%	1.59%	+9.0%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$2,298,000	+16.6%	17,480	-1.1%	1.56%	+11.6%
ABT	Sell	Abbott Labs	$2,272,000	+17.2%	30,969	-2.6%	1.54%	+12.1%
SCHW	Sell	Charles Schwab Corp	$2,270,000	-7.6%	46,192	-3.9%	1.54%	-11.6%
INTC	Sell	Intel Corp	$2,142,000	-6.4%	45,300	-1.6%	1.46%	-10.5%
ICE	Sell	Intercontinental Exchange Inc Common	$2,116,000	-2.4%	28,256	-4.1%	1.44%	-6.6%
TJX	Sell	Tjx Companies (New)	$2,106,000	+14.8%	18,804	-2.4%	1.43%	+9.9%
ALL	Sell	Allstate Corp	$2,053,000	+5.1%	20,796	-2.8%	1.40%	+0.6%
C	Sell	Citigroup Inc Common New	$2,042,000	+0.1%	28,460	-6.6%	1.39%	-4.3%
ORCL	Sell	Oracle Corp	$2,039,000	+13.2%	39,553	-3.2%	1.39%	+8.3%
HD	Sell	Home Depot Inc	$2,033,000	+1.6%	9,815	-4.3%	1.38%	-2.7%
SHPG	Sell	Shire PLC Sponsored ADRsponsored adr	$2,021,000	-13.7%	11,150	-19.7%	1.37%	-17.5%
MDLZ	Sell	Mondelez Intl Inc Class Acl a	$1,994,000	+2.9%	46,415	-1.7%	1.36%	-1.5%
CVS	Sell	CVS Health Corporation	$1,973,000	+17.7%	25,059	-3.8%	1.34%	+12.5%
CVX	Buy	Chevron Corp	$1,948,000	+16.4%	15,934	+20.3%	1.32%	+11.3%
AMT	Sell	American Tower REIT Inc	$1,920,000	-2.3%	13,216	-3.0%	1.30%	-6.5%
DIS	Sell	Disney Walt Co	$1,917,000	+7.6%	16,394	-3.6%	1.30%	+2.9%
EL	Sell	Lauder (Estee) Cos Inc Class Acl a	$1,902,000	-0.2%	13,086	-2.0%	1.29%	-4.5%
SBUX	Sell	Starbucks Corp	$1,889,000	+12.7%	33,233	-3.1%	1.28%	+7.8%
ALXN	Sell	Alexion Pharmaceuticals Inc	$1,841,000	+10.6%	13,246	-1.2%	1.25%	+5.8%
BMY	Sell	Bristol Myers Squibb Co	$1,789,000	+5.0%	28,822	-6.4%	1.22%	+0.4%
GWW	Sell	W W Grainger Inc	$1,761,000	+11.0%	4,927	-4.2%	1.20%	+6.2%
PG	Buy	Procter & Gamble Co	$1,750,000	+7.0%	21,030	+0.4%	1.19%	+2.4%
NSC	Sell	Norfolk Southern Corp	$1,691,000	+18.3%	9,371	-1.1%	1.15%	+13.2%
FB	Buy	Facebook Inc Class Acl a	$1,672,000	+11.4%	10,165	+31.6%	1.14%	+6.6%
CELG	Sell	Celgene Corporation	$1,562,000	+11.4%	17,458	-1.1%	1.06%	+6.6%
MCD	Sell	McDonalds Corp	$1,531,000	+3.2%	9,153	-3.3%	1.04%	-1.2%
GD	Sell	General Dynamics Corp	$1,466,000	+4.7%	7,163	-4.6%	1.00%	+0.2%
KO	Sell	Coca Cola Co	$1,458,000	+4.3%	31,557	-1.0%	0.99%	-0.2%
PFE	Buy	Pfizer Inc	$1,454,000	+21.9%	32,998	+0.3%	0.99%	+16.6%
HON	Buy	Honeywell Intl Inc	$1,429,000	+17.1%	8,586	+1.3%	0.97%	+12.1%
MAS	Sell	Masco Corp	$1,420,000	-3.8%	38,802	-1.6%	0.96%	-8.0%
IBM	Sell	International Business Machines	$1,415,000	+7.9%	9,358	-0.3%	0.96%	+3.2%
NUE	Sell	Nucor Corp	$1,388,000	+0.9%	21,874	-0.6%	0.94%	-3.5%
COST	Sell	Costco Wholesale Corp (New)	$1,382,000	+11.4%	5,883	-0.9%	0.94%	+6.6%
ETFC	Sell	E-Trade Financial Corp	$1,375,000	-17.1%	26,253	-3.2%	0.94%	-20.6%
ADS	Sell	Alliance Data Systems Corp	$1,295,000	-2.3%	5,483	-3.5%	0.88%	-6.6%
EOG	Sell	EOG Resources, Inc.	$1,257,000	-22.8%	9,856	-24.7%	0.86%	-26.2%
DWDP	Buy	DowDuPont Inc	$1,225,000	-1.8%	19,043	+0.6%	0.83%	-6.0%
SLB	Sell	Schlumberger Ltd	$1,210,000	-10.8%	19,859	-1.8%	0.82%	-14.6%
NVDA	New	Nvidia Corp	$1,208,000	–	4,299	–	0.82%	–
GLW	Buy	Corning Inc	$1,148,000	+28.8%	32,535	+0.5%	0.78%	+23.4%
BIIB	Sell	Biogen Idec Inc	$1,148,000	-13.9%	3,248	-29.3%	0.78%	-17.6%
JNJ	Sell	Johnson & Johnson	$1,047,000	+10.1%	7,577	-3.3%	0.71%	+5.3%
VZ	Buy	Verizon Communications	$1,023,000	+8.1%	19,169	+1.9%	0.70%	+3.6%
IWF	Sell	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$1,019,000	+1.0%	6,530	-7.0%	0.69%	-3.3%
HAL	Buy	Halliburton Co	$1,001,000	+42.8%	24,686	+58.7%	0.68%	+36.7%
RHT	Sell	Red Hat, Inc	$934,000	+1.2%	6,856	-0.2%	0.64%	-3.2%
CCL	Sell	Carnival Corporationunit 99/99/9999	$846,000	+10.7%	13,272	-0.5%	0.58%	+5.9%
AGN	New	Allergan PLC	$820,000	–	4,303	–	0.56%	–
KLAC	Buy	KLA-Tencor Corporation	$777,000	-0.6%	7,641	+0.2%	0.53%	-5.0%
DUK	Sell	Duke Energy Corporation New	$671,000	-0.9%	8,383	-2.0%	0.46%	-5.2%
CME	Buy	CME Group Inc	$649,000	+4.5%	3,815	+0.7%	0.44%	0.0%
MMM	Buy	3M Company	$620,000	+7.6%	2,941	+0.4%	0.42%	+3.2%
SPY	Sell	SPDR S&P 500 ETF Trusttr unit	$606,000	-8.6%	2,084	-14.7%	0.41%	-12.5%
ACN	Sell	Accenture PLC	$599,000	-7.6%	3,520	-11.2%	0.41%	-11.5%
PEP	Sell	Pepsico Inc	$598,000	-1.6%	5,350	-4.2%	0.41%	-5.8%
UNH	Sell	Unitedhealth Group, Inc.	$558,000	-2.4%	2,096	-10.1%	0.38%	-6.7%
ADP	Sell	Automatic Data Processing	$497,000	-5.7%	3,296	-16.1%	0.34%	-9.9%
MCHP	Sell	Microchip Technology Inc	$488,000	-24.3%	6,186	-12.8%	0.33%	-27.5%
CSCO	Sell	Cisco Systems Inc	$451,000	+4.6%	9,266	-7.5%	0.31%	+0.3%
ACWX	Buy	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$443,000	+11.6%	9,295	+10.7%	0.30%	+6.7%
CMCSA	Buy	Comcast Corp Class Acl a	$398,000	+9.9%	11,234	+1.8%	0.27%	+5.4%
CLNC	Buy	Colony Credit Real Estate Inc	$339,000	+61.4%	15,435	+52.3%	0.23%	+54.4%
QCOM	Sell	Qualcomm Inc	$326,000	-75.2%	4,522	-80.7%	0.22%	-76.3%
DIA	Sell	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$321,000	+1.6%	1,215	-6.5%	0.22%	-3.1%
BLK	Buy	Blackrock, Inc.	$315,000	-5.4%	668	+0.1%	0.21%	-9.7%
DHR	Sell	Danaher Corp	$307,000	-6.1%	2,823	-14.7%	0.21%	-9.9%
SYY	Sell	SYSCO Corp	$279,000	-6.4%	3,808	-12.8%	0.19%	-10.4%
MRK	Buy	Merck & Co Inc New	$272,000	+21.4%	3,840	+4.1%	0.18%	+16.4%
SYK	Sell	Stryker Corp	$242,000	-5.1%	1,362	-10.0%	0.16%	-8.8%
ECL	Sell	Ecolab Inc.	$236,000	-11.9%	1,508	-21.0%	0.16%	-15.8%
TGT	New	Target Corp	$205,000	–	2,323	–	0.14%	–
GE	Sell	General Elec Co	$153,000	-17.7%	13,546	-1.1%	0.10%	-21.2%

Q2 2018

			Value		Shares		↓ Weighting
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$9,476,000	–	48,652	–	6.73%	–
CZNC	New	Citizens & Northern Corp	$6,096,000	–	235,723	–	4.33%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$5,592,000	–	5,012	–	3.97%	–
AAPL	New	Apple Computer Inc	$4,564,000	–	24,653	–	3.24%	–
JPM	New	JPMorgan Chase & Co	$4,490,000	–	43,093	–	3.19%	–
NKE	New	Nike, Inc. Class Bcl b	$3,929,000	–	49,307	–	2.79%	–
MSFT	New	Microsoft Corp	$3,708,000	–	37,607	–	2.64%	–
WFC	New	Wells Fargo & Co New	$3,105,000	–	56,010	–	2.21%	–
FOXA	New	Twenty-First Century Fox Inc Class Acl a	$2,912,000	–	58,598	–	2.07%	–
XOM	New	Exxon Mobil Corp	$2,851,000	–	34,463	–	2.03%	–
SCHW	New	Charles Schwab Corp	$2,456,000	–	48,054	–	1.74%	–
SHPG	New	Shire PLC Sponsored ADRsponsored adr	$2,343,000	–	13,878	–	1.66%	–
INTC	New	Intel Corp	$2,288,000	–	46,023	–	1.63%	–
ICE	New	Intercontinental Exchange Inc Common	$2,168,000	–	29,474	–	1.54%	–
CRM	New	Salesforce.Com	$2,047,000	–	15,007	–	1.46%	–
C	New	Citigroup Inc Common New	$2,040,000	–	30,487	–	1.45%	–
ESRX	New	Express Scripts Holding Co.	$2,032,000	–	26,319	–	1.44%	–
HD	New	Home Depot Inc	$2,000,000	–	10,251	–	1.42%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$1,970,000	–	17,678	–	1.40%	–
AMT	New	American Tower REIT Inc	$1,965,000	–	13,630	–	1.40%	–
ALL	New	Allstate Corp	$1,953,000	–	21,393	–	1.39%	–
ABT	New	Abbott Labs	$1,939,000	–	31,800	–	1.38%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$1,937,000	–	47,233	–	1.38%	–
EL	New	Lauder (Estee) Cos Inc Class Acl a	$1,905,000	–	13,353	–	1.35%	–
TJX	New	Tjx Companies (New)	$1,834,000	–	19,272	–	1.30%	–
ORCL	New	Oracle Corp	$1,801,000	–	40,870	–	1.28%	–
DIS	New	Disney Walt Co	$1,782,000	–	17,002	–	1.27%	–
BMY	New	Bristol Myers Squibb Co	$1,704,000	–	30,796	–	1.21%	–
CVS	New	CVS Health Corporation	$1,677,000	–	26,062	–	1.19%	–
SBUX	New	Starbucks Corp	$1,676,000	–	34,303	–	1.19%	–
CVX	New	Chevron Corp	$1,674,000	–	13,242	–	1.19%	–
ALXN	New	Alexion Pharmaceuticals Inc	$1,664,000	–	13,406	–	1.18%	–
ETFC	New	ETrade Financial Corp	$1,658,000	–	27,110	–	1.18%	–
PG	New	Procter & Gamble Co	$1,635,000	–	20,940	–	1.16%	–
EOG	New	EOG Resources, Inc.	$1,629,000	–	13,093	–	1.16%	–
GWW	New	W W Grainger Inc	$1,586,000	–	5,144	–	1.13%	–
FB	New	Facebook Inc Class Acl a	$1,501,000	–	7,725	–	1.07%	–
MCD	New	McDonalds Corp	$1,483,000	–	9,463	–	1.05%	–
MAS	New	Masco Corp	$1,476,000	–	39,452	–	1.05%	–
NSC	New	Norfolk Southern Corp	$1,429,000	–	9,471	–	1.02%	–
CELG	New	Celgene Corporation	$1,402,000	–	17,649	–	1.00%	–
GD	New	General Dynamics Corp	$1,400,000	–	7,510	–	1.00%	–
KO	New	Coca Cola Co	$1,398,000	–	31,872	–	0.99%	–
NUE	New	Nucor Corp	$1,376,000	–	22,017	–	0.98%	–
SLB	New	Schlumberger Ltd	$1,356,000	–	20,225	–	0.96%	–
BIIB	New	Biogen Idec Inc	$1,334,000	–	4,596	–	0.95%	–
ADS	New	Alliance Data Systems Corp	$1,325,000	–	5,680	–	0.94%	–
QCOM	New	Qualcomm Inc	$1,317,000	–	23,471	–	0.94%	–
IBM	New	International Business Machines	$1,311,000	–	9,385	–	0.93%	–
DWDP	New	DowDuPont Inc	$1,247,000	–	18,922	–	0.89%	–
COST	New	Costco Wholesale Corp (New)	$1,241,000	–	5,937	–	0.88%	–
HON	New	Honeywell Intl Inc	$1,220,000	–	8,472	–	0.87%	–
PFE	New	Pfizer Inc	$1,193,000	–	32,887	–	0.85%	–
IWF	New	iShares Trust Russell 1000 Growth ETFrus 1000 grw etf	$1,009,000	–	7,020	–	0.72%	–
JNJ	New	Johnson & Johnson	$951,000	–	7,837	–	0.68%	–
VZ	New	Verizon Communications	$946,000	–	18,806	–	0.67%	–
UNP	New	Union Pacific Corp	$925,000	–	6,532	–	0.66%	–
RHT	New	Red Hat, Inc	$923,000	–	6,867	–	0.66%	–
GLW	New	Corning Inc	$891,000	–	32,377	–	0.63%	–
T	New	AT&T Inc	$856,000	–	26,662	–	0.61%	–
KLAC	New	KLA-Tencor Corporation	$782,000	–	7,629	–	0.56%	–
CCL	New	Carnival Corporationunit 99/99/9999	$764,000	–	13,335	–	0.54%	–
HAL	New	Halliburton Co	$701,000	–	15,553	–	0.50%	–
DUK	New	Duke Energy Corporation New	$677,000	–	8,558	–	0.48%	–
SPY	New	SPDR S&P 500 ETF Trusttr unit	$663,000	–	2,444	–	0.47%	–
ACN	New	Accenture PLC	$648,000	–	3,962	–	0.46%	–
MCHP	New	Microchip Technology Inc	$645,000	–	7,096	–	0.46%	–
CME	New	CME Group Inc	$621,000	–	3,790	–	0.44%	–
PEP	New	Pepsico Inc	$608,000	–	5,582	–	0.43%	–
MMM	New	3M Company	$576,000	–	2,929	–	0.41%	–
UNH	New	Unitedhealth Group, Inc.	$572,000	–	2,331	–	0.41%	–
IWD	New	iShares Russell 1000 Value ETFrus 1000 val etf	$540,000	–	4,450	–	0.38%	–
ADP	New	Automatic Data Processing	$527,000	–	3,930	–	0.38%	–
CSCO	New	Cisco Systems Inc	$431,000	–	10,012	–	0.31%	–
MO	New	Altria Group Inc	$429,000	–	7,555	–	0.30%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$400,000	–	1,464	–	0.28%	–
ACWX	New	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$397,000	–	8,397	–	0.28%	–
PM	New	Philip Morris International Inc	$382,000	–	4,728	–	0.27%	–
CMCSA	New	Comcast Corp Class Acl a	$362,000	–	11,034	–	0.26%	–
DRI	New	Darden Restaurants Inc	$351,000	–	3,276	–	0.25%	–
BLK	New	Blackrock, Inc.	$333,000	–	667	–	0.24%	–
ROP	New	Roper Industries Inc New	$331,000	–	1,200	–	0.24%	–
DHR	New	Danaher Corp	$327,000	–	3,311	–	0.23%	–
DIA	New	SPDR Dow Jones Industrial Average ETF Trustut ser 1	$316,000	–	1,300	–	0.22%	–
CBU	New	Community Bank System, Inc	$308,000	–	5,216	–	0.22%	–
SYY	New	SYSCO Corp	$298,000	–	4,368	–	0.21%	–
BDX	New	Becton, Dickinson & Co.	$293,000	–	1,222	–	0.21%	–
ECL	New	Ecolab Inc.	$268,000	–	1,908	–	0.19%	–
SYK	New	Stryker Corp	$255,000	–	1,513	–	0.18%	–
MRK	New	Merck & Co Inc New	$224,000	–	3,690	–	0.16%	–
CLNC	New	Colony Credit Real Estate Inc	$210,000	–	10,137	–	0.15%	–
ITW	New	Illinois Tool Works Inc	$210,000	–	1,517	–	0.15%	–
MA	New	Mastercard Inc Class Acl a	$206,000	–	1,050	–	0.15%	–
FIS	New	Fidelity Natl Information Common	$203,000	–	1,918	–	0.14%	–
GE	New	General Elec Co	$186,000	–	13,691	–	0.13%	–
TRVN	New	Trevena Inc.	$78,000	–	54,300	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
TRVN	Exit	Trevena Inc.	$0	–	-54,300	–	-0.10%	–
PFE	Exit	Pfizer Inc	$0	–	-5,984	–	-0.16%	–
ITW	Exit	Illinois Tool Works Inc	$0	–	-1,517	–	-0.17%	–
FNF	Exit	Fidelity Natl Financial Common	$0	–	-4,759	–	-0.17%	–
UPS	Exit	United Parcel Service Inc. Class Bcl b	$0	–	-1,987	–	-0.18%	–
SYK	Exit	Stryker Corp	$0	–	-1,769	–	-0.19%	–
MRK	Exit	Merck & Co Inc New	$0	–	-4,007	–	-0.20%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-1,366	–	-0.20%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.22%	–
ROP	Exit	Roper Industries Inc New	$0	–	-1,200	–	-0.22%	–
SYY	Exit	SYSCO Corp	$0	–	-5,529	–	-0.23%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-4,197	–	-0.25%	–
ECL	Exit	Ecolab Inc.	$0	–	-2,596	–	-0.25%	–
WBA	Exit	Walgreens Boots Alliance Inc	$0	–	-4,333	–	-0.26%	–
XLY	Exit	Consumer Discretionary Select Sector SPDRsbi cons discr	$0	–	-3,770	–	-0.26%	–
TJX	Exit	Tjx Companies (New)	$0	–	-5,031	–	-0.28%	–
BLK	Exit	Blackrock, Inc.	$0	–	-861	–	-0.29%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-11,878	–	-0.30%	–
DHR	Exit	Danaher Corp	$0	–	-4,865	–	-0.32%	–
CMCSA	Exit	Comcast Corp Class Acl a	$0	–	-11,218	–	-0.33%	–
IBM	Exit	International Business Machines	$0	–	-3,005	–	-0.33%	–
ACWX	Exit	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$0	–	-9,618	–	-0.35%	–
MO	Exit	Altria Group Inc	$0	–	-7,395	–	-0.36%	–
DKS	Exit	Dicks Sporting Goods Inc	$0	–	-18,095	–	-0.37%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-2,525	–	-0.38%	–
PM	Exit	Philip Morris International Inc	$0	–	-4,608	–	-0.39%	–
ADP	Exit	Automatic Data Processing	$0	–	-4,901	–	-0.41%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-2,264	–	-0.44%	–
CME	Exit	CME Group Inc	$0	–	-4,307	–	-0.44%	–
ACN	Exit	Accenture PLC	$0	–	-4,665	–	-0.48%	–
MMM	Exit	3M Company	$0	–	-3,019	–	-0.48%	–
PEP	Exit	Pepsico Inc	$0	–	-5,928	–	-0.50%	–
GD	Exit	General Dynamics Corp	$0	–	-3,231	–	-0.51%	–
DUK	Exit	Duke Energy Corporation New	$0	–	-8,342	–	-0.53%	–
UNP	Exit	Union Pacific Corp	$0	–	-6,532	–	-0.58%	–
TWTR	Exit	Twitter Inc Common	$0	–	-47,060	–	-0.60%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-8,907	–	-0.61%	–
PANW	Exit	Palo Alto Networks Inc Common	$0	–	-5,586	–	-0.61%	–
VZ	Exit	Verizon Communications	$0	–	-17,261	–	-0.65%	–
VWO	Exit	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$0	–	-20,120	–	-0.67%	–
GLW	Exit	Corning Inc	$0	–	-30,983	–	-0.71%	–
BCR	Exit	Bard C R Inc	$0	–	-3,030	–	-0.74%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-5,958	–	-0.74%	–
T	Exit	AT&T Inc	$0	–	-27,407	–	-0.82%	–
ETFC	Exit	ETrade Financial Corp	$0	–	-24,877	–	-0.83%	–
BAX	Exit	Baxter Intl Inc	$0	–	-17,607	–	-0.84%	–
JNJ	Exit	Johnson & Johnson	$0	–	-8,719	–	-0.86%	–
VSS	Exit	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$0	–	-9,990	–	-0.87%	–
ALXN	Exit	Alexion Pharmaceuticals Inc	$0	–	-8,459	–	-0.90%	–
NUE	Exit	Nucor Corp	$0	–	-21,253	–	-0.91%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-9,191	–	-0.92%	–
QCOM	Exit	Qualcomm Inc	$0	–	-23,524	–	-0.93%	–
DWDP	Exit	DowDuPont Inc	$0	–	-18,308	–	-0.96%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-13,121	–	-0.97%	–
MSFT	Exit	Microsoft Corp	$0	–	-17,296	–	-0.98%	–
EL	Exit	Lauder (Estee) Cos Inc Class Acl a	$0	–	-12,201	–	-1.00%	–
KSS	Exit	Kohls Corp	$0	–	-29,769	–	-1.04%	–
RHT	Exit	Red Hat, Inc	$0	–	-12,335	–	-1.04%	–
GWW	Exit	W W Grainger Inc	$0	–	-7,607	–	-1.04%	–
CRM	Exit	Salesforce.Com	$0	–	-14,746	–	-1.05%	–
KO	Exit	Coca Cola Co	$0	–	-31,340	–	-1.07%	–
SLB	Exit	Schlumberger Ltd	$0	–	-20,377	–	-1.08%	–
MAS	Exit	Masco Corp	$0	–	-37,382	–	-1.11%	–
ADS	Exit	Alliance Data Systems Corp	$0	–	-6,721	–	-1.13%	–
SHPG	Exit	Shire PLC Sponsored ADRsponsored adr	$0	–	-9,740	–	-1.14%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-24,474	–	-1.18%	–
MCD	Exit	McDonalds Corp	$0	–	-9,919	–	-1.18%	–
FOXA	Exit	Twenty-First Century Fox Inc Class Acl a	$0	–	-59,658	–	-1.20%	–
CVX	Exit	Chevron Corp	$0	–	-13,428	–	-1.20%	–
ABT	Exit	Abbott Labs	$0	–	-30,781	–	-1.25%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-5,344	–	-1.27%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-26,372	–	-1.28%	–
DIS	Exit	Disney Walt Co	$0	–	-17,148	–	-1.29%	–
HD	Exit	Home Depot Inc	$0	–	-10,368	–	-1.29%	–
AGN	Exit	Allergan PLC	$0	–	-8,295	–	-1.29%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-42,022	–	-1.30%	–
SBUX	Exit	Starbucks Corp	$0	–	-33,517	–	-1.37%	–
SCHW	Exit	Charles Schwab Corp	$0	–	-42,223	–	-1.41%	–
AMT	Exit	American Tower REIT Inc	$0	–	-13,827	–	-1.44%	–
CELG	Exit	Celgene Corporation	$0	–	-13,197	–	-1.46%	–
CVS	Exit	CVS Health Corporation	$0	–	-23,791	–	-1.47%	–
ALL	Exit	Allstate Corp	$0	–	-21,072	–	-1.48%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-16,724	–	-1.49%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-29,449	–	-1.54%	–
GE	Exit	General Elec Co	$0	–	-85,043	–	-1.56%	–
INTC	Exit	Intel Corp	$0	–	-54,016	–	-1.57%	–
C	Exit	Citigroup Inc Common New	$0	–	-29,600	–	-1.64%	–
ORCL	Exit	Oracle Corp	$0	–	-50,191	–	-1.85%	–
PG	Exit	Procter & Gamble Co	$0	–	-26,739	–	-1.85%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-48,247	–	-1.90%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-34,626	–	-2.16%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-61,674	–	-2.59%	–
AAPL	Exit	Apple Computer Inc	$0	–	-27,222	–	-3.19%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-45,913	–	-3.34%	–
GOOG	Exit	Alphabet Inc Class Ccap stk cl c	$0	–	-4,922	–	-3.60%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-237,457	–	-4.44%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-50,777	–	-6.92%	–

Q3 2017

			Value		Shares		↓ Weighting
IJH	Sell	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$9,084,000	+1.2%	50,777	-1.6%	6.92%	-2.0%
CZNC	Buy	Citizens & Northern Corp	$5,832,000	+8.6%	237,457	+2.9%	4.44%	+5.1%
GOOG	Buy	Alphabet Inc Class Ccap stk cl c	$4,721,000	+7.4%	4,922	+1.8%	3.60%	+4.0%
JPM	Sell	JPMorgan Chase & Co	$4,385,000	+3.9%	45,913	-0.5%	3.34%	+0.6%
AAPL	Sell	Apple Computer Inc	$4,195,000	+1.1%	27,222	-5.5%	3.19%	-2.1%
WFC	Sell	Wells Fargo & Co New	$3,401,000	-2.2%	61,674	-1.8%	2.59%	-5.3%
XOM	Buy	Exxon Mobil Corp	$2,839,000	+4.6%	34,626	+3.0%	2.16%	+1.3%
NKE	Buy	Nike, Inc. Class Bcl b	$2,502,000	+0.5%	48,247	+14.4%	1.90%	-2.7%
PG	Sell	Procter & Gamble Co	$2,433,000	-1.8%	26,739	-5.9%	1.85%	-4.9%
ORCL	Sell	Oracle Corp	$2,427,000	-7.4%	50,191	-4.0%	1.85%	-10.4%
C	Sell	Citigroup Inc Common New	$2,153,000	+7.7%	29,600	-0.9%	1.64%	+4.3%
INTC	Buy	Intel Corp	$2,057,000	+56.2%	54,016	+38.4%	1.57%	+51.2%
GE	Sell	General Elec Co	$2,056,000	-13.6%	85,043	-3.5%	1.56%	-16.4%
ICE	Sell	Intercontinental Exchange Inc Common	$2,023,000	+1.0%	29,449	-3.1%	1.54%	-2.2%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$1,958,000	+9.4%	16,724	+20.0%	1.49%	+6.0%
ALL	Buy	Allstate Corp	$1,937,000	+5.1%	21,072	+1.1%	1.48%	+1.7%
CVS	Sell	CVS Health Corporation	$1,935,000	-1.9%	23,791	-2.9%	1.47%	-5.0%
CELG	Buy	Celgene Corporation	$1,924,000	+14.2%	13,197	+1.7%	1.46%	+10.6%
AMT	Buy	American Tower REIT Inc	$1,890,000	+3.8%	13,827	+0.6%	1.44%	+0.5%
SCHW	Buy	Charles Schwab Corp	$1,847,000	+6.2%	42,223	+4.3%	1.41%	+2.8%
SBUX	Buy	Starbucks Corp	$1,800,000	+10.0%	33,517	+19.4%	1.37%	+6.4%
MDLZ	Buy	Mondelez Intl Inc Class Acl a	$1,709,000	-2.7%	42,022	+3.4%	1.30%	-5.8%
AGN	Buy	Allergan PLC	$1,700,000	-14.2%	8,295	+1.8%	1.29%	-17.0%
HD	Sell	Home Depot Inc	$1,696,000	-14.3%	10,368	-19.6%	1.29%	-17.1%
DIS	Sell	Disney Walt Co	$1,690,000	-10.3%	17,148	-3.3%	1.29%	-13.2%
BMY	Buy	Bristol Myers Squibb Co	$1,681,000	+17.3%	26,372	+2.5%	1.28%	+13.6%
BIIB	Sell	Biogen Idec Inc	$1,673,000	+10.4%	5,344	-4.4%	1.27%	+6.9%
ABT	Buy	Abbott Labs	$1,642,000	+11.2%	30,781	+1.3%	1.25%	+7.6%
CVX	Sell	Chevron Corp	$1,578,000	+7.6%	13,428	-4.5%	1.20%	+4.1%
FOXA	Sell	Twenty-First Century Fox Inc Class Acl a	$1,574,000	-7.7%	59,658	-0.9%	1.20%	-10.7%
MCD	Sell	McDonalds Corp	$1,554,000	-15.0%	9,919	-16.9%	1.18%	-17.8%
ESRX	Buy	Express Scripts Holding Co.	$1,550,000	+0.1%	24,474	+0.9%	1.18%	-3.1%
SHPG	Buy	Shire PLC Sponsored ADRsponsored adr	$1,492,000	-5.5%	9,740	+1.9%	1.14%	-8.5%
ADS	Buy	Alliance Data Systems Corp	$1,489,000	-10.5%	6,721	+3.8%	1.13%	-13.3%
MAS	Sell	Masco Corp	$1,458,000	+1.7%	37,382	-0.3%	1.11%	-1.5%
SLB	Sell	Schlumberger Ltd	$1,421,000	+3.5%	20,377	-2.3%	1.08%	+0.2%
KO	Sell	Coca Cola Co	$1,411,000	+0.2%	31,340	-0.2%	1.07%	-3.1%
CRM	Sell	Salesforce.Com	$1,378,000	+5.9%	14,746	-1.9%	1.05%	+2.5%
GWW	Buy	W W Grainger Inc	$1,367,000	+45.1%	7,607	+45.7%	1.04%	+40.5%
RHT	Sell	Red Hat, Inc	$1,367,000	-5.9%	12,335	-18.7%	1.04%	-8.8%
KSS	Sell	Kohls Corp	$1,359,000	+9.2%	29,769	-7.5%	1.04%	+5.7%
EL	Buy	Lauder (Estee) Cos Inc Class Acl a	$1,316,000	+20.7%	12,201	+7.4%	1.00%	+16.9%
MSFT	Sell	Microsoft Corp	$1,288,000	+6.7%	17,296	-1.2%	0.98%	+3.4%
EOG	Sell	EOG Resources, Inc.	$1,269,000	+5.8%	13,121	-1.0%	0.97%	+2.4%
DWDP	New	DowDuPont Inc	$1,267,000	–	18,308	–	0.96%	–
QCOM	Sell	Qualcomm Inc	$1,219,000	-6.8%	23,524	-0.7%	0.93%	-9.8%
NSC	Sell	Norfolk Southern Corp	$1,215,000	+7.9%	9,191	-0.7%	0.92%	+4.4%
NUE	Buy	Nucor Corp	$1,191,000	-1.2%	21,253	+2.0%	0.91%	-4.4%
ALXN	Buy	Alexion Pharmaceuticals Inc	$1,187,000	+26.8%	8,459	+10.0%	0.90%	+22.8%
VSS	Buy	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$1,148,000	+7.5%	9,990	+1.1%	0.87%	+4.0%
JNJ	Buy	Johnson & Johnson	$1,134,000	+13.5%	8,719	+15.5%	0.86%	+9.8%
BAX	Buy	Baxter Intl Inc	$1,105,000	+4.3%	17,607	+0.6%	0.84%	+1.0%
ETFC	Buy	ETrade Financial Corp	$1,085,000	+18.2%	24,877	+3.0%	0.83%	+14.4%
T	Buy	AT&T Inc	$1,074,000	+116.5%	27,407	+108.3%	0.82%	+109.7%
COST	Sell	Costco Wholesale Corp (New)	$979,000	-2.8%	5,958	-5.4%	0.74%	-5.9%
BCR	Sell	Bard C R Inc	$971,000	-5.9%	3,030	-7.2%	0.74%	-9.0%
VWO	Sell	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$877,000	+6.3%	20,120	-0.4%	0.67%	+2.9%
VZ	Buy	Verizon Communications	$854,000	+95.0%	17,261	+76.0%	0.65%	+88.4%
PANW	Buy	Palo Alto Networks Inc Common	$805,000	+8.1%	5,586	+0.4%	0.61%	+4.6%
MCHP	Sell	Microchip Technology Inc	$800,000	+15.3%	8,907	-0.9%	0.61%	+11.5%
TWTR	Buy	Twitter Inc Common	$794,000	-2.6%	47,060	+3.2%	0.60%	-5.6%
DUK	Buy	Duke Energy Corporation New	$700,000	+1.7%	8,342	+1.4%	0.53%	-1.5%
GD	Buy	General Dynamics Corp	$664,000	+13.5%	3,231	+9.3%	0.51%	+10.0%
ACN	Sell	Accenture PLC	$630,000	+4.1%	4,665	-4.6%	0.48%	+0.8%
ADP	Sell	Automatic Data Processing	$536,000	+4.7%	4,901	-1.9%	0.41%	+1.2%
DKS	Sell	Dicks Sporting Goods Inc	$489,000	-60.0%	18,095	-41.0%	0.37%	-61.3%
ACWX	Sell	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$465,000	+4.0%	9,618	-1.9%	0.35%	+0.6%
IBM	Sell	International Business Machines	$436,000	-17.7%	3,005	-12.8%	0.33%	-20.4%
CMCSA	New	Comcast Corp Class Acl a	$432,000	–	11,218	–	0.33%	–
DHR	Sell	Danaher Corp	$417,000	+1.0%	4,865	-0.7%	0.32%	-2.2%
CSCO	Sell	Cisco Systems Inc	$399,000	+4.2%	11,878	-3.0%	0.30%	+1.0%
BLK	Sell	Blackrock, Inc.	$385,000	+4.6%	861	-1.3%	0.29%	+1.4%
TJX	Sell	Tjx Companies (New)	$371,000	+1.1%	5,031	-1.1%	0.28%	-2.4%
XLY	New	Consumer Discretionary Select Sector SPDRsbi cons discr	$340,000	–	3,770	–	0.26%	–
WBA	Sell	Walgreens Boots Alliance Inc	$335,000	-6.7%	4,333	-5.5%	0.26%	-9.6%
ECL	Sell	Ecolab Inc.	$334,000	-4.6%	2,596	-1.6%	0.25%	-7.6%
DRI	Sell	Darden Restaurants Inc	$331,000	-14.0%	4,197	-1.3%	0.25%	-16.8%
SYY	Sell	SYSCO Corp	$298,000	+2.8%	5,529	-4.1%	0.23%	-0.4%
ROP	New	Roper Industries Inc New	$292,000	–	1,200	–	0.22%	–
BDX	New	Becton, Dickinson & Co.	$268,000	–	1,366	–	0.20%	–
MRK	Buy	Merck & Co Inc New	$257,000	+11.3%	4,007	+11.1%	0.20%	+7.7%
SYK	Sell	Stryker Corp	$251,000	-4.6%	1,769	-6.6%	0.19%	-7.7%
UPS	Sell	United Parcel Service Inc. Class Bcl b	$239,000	+3.5%	1,987	-4.8%	0.18%	0.0%
ITW	New	Illinois Tool Works Inc	$224,000	–	1,517	–	0.17%	–
PFE	Sell	Pfizer Inc	$214,000	-6.1%	5,984	-11.7%	0.16%	-8.9%
CAH	Exit	Cardinal Health Inc	$0	–	-2,690	–	-0.16%	–
ATVI	Exit	Activision Blizzard Inc Common	$0	–	-3,973	–	-0.18%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-9,910	–	-0.55%	–
DD	Exit	DU Pont E I DE Nemours & Co	$0	–	-13,510	–	-0.86%	–

Q2 2017

			Value		Shares		↓ Weighting
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$8,976,000	–	51,601	–	7.06%	–
CZNC	New	Citizens & Northern Corp	$5,369,000	–	230,813	–	4.22%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$4,394,000	–	4,835	–	3.46%	–
JPM	New	JPMorgan Chase & Co	$4,219,000	–	46,162	–	3.32%	–
AAPL	New	Apple Computer Inc	$4,149,000	–	28,807	–	3.26%	–
WFC	New	Wells Fargo & Co New	$3,478,000	–	62,776	–	2.74%	–
XOM	New	Exxon Mobil Corp	$2,713,000	–	33,610	–	2.13%	–
ORCL	New	Oracle Corp	$2,622,000	–	52,295	–	2.06%	–
NKE	New	Nike, Inc. Class Bcl b	$2,489,000	–	42,192	–	1.96%	–
PG	New	Procter & Gamble Co	$2,477,000	–	28,424	–	1.95%	–
GE	New	General Elec Co	$2,381,000	–	88,153	–	1.87%	–
ICE	New	Intercontinental Exchange Inc Common	$2,002,000	–	30,376	–	1.58%	–
C	New	Citigroup Inc Common New	$1,999,000	–	29,882	–	1.57%	–
AGN	New	Allergan PLC	$1,982,000	–	8,152	–	1.56%	–
HD	New	Home Depot Inc	$1,979,000	–	12,899	–	1.56%	–
CVS	New	CVS Health Corporation	$1,972,000	–	24,505	–	1.55%	–
DIS	New	Disney Walt Co	$1,884,000	–	17,733	–	1.48%	–
ALL	New	Allstate Corp	$1,843,000	–	20,838	–	1.45%	–
MCD	New	McDonalds Corp	$1,829,000	–	11,940	–	1.44%	–
AMT	New	American Tower REIT Inc	$1,820,000	–	13,751	–	1.43%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$1,789,000	–	13,936	–	1.41%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$1,756,000	–	40,648	–	1.38%	–
SCHW	New	Charles Schwab Corp	$1,739,000	–	40,468	–	1.37%	–
FOXA	New	Twenty-First Century Fox Inc Class Acl a	$1,705,000	–	60,170	–	1.34%	–
CELG	New	Celgene Corporation	$1,685,000	–	12,976	–	1.32%	–
ADS	New	Alliance Data Systems Corp	$1,663,000	–	6,478	–	1.31%	–
SBUX	New	Starbucks Corp	$1,637,000	–	28,071	–	1.29%	–
SHPG	New	Shire PLC Sponsored ADRsponsored adr	$1,579,000	–	9,554	–	1.24%	–
ESRX	New	Express Scripts Holding Co.	$1,548,000	–	24,255	–	1.22%	–
BIIB	New	Biogen Idec Inc	$1,516,000	–	5,588	–	1.19%	–
ABT	New	Abbott Labs	$1,477,000	–	30,388	–	1.16%	–
CVX	New	Chevron Corp	$1,467,000	–	14,061	–	1.15%	–
RHT	New	Red Hat, Inc	$1,452,000	–	15,167	–	1.14%	–
MAS	New	Masco Corp	$1,433,000	–	37,493	–	1.13%	–
BMY	New	Bristol Myers Squibb Co	$1,433,000	–	25,718	–	1.13%	–
KO	New	Coca Cola Co	$1,408,000	–	31,390	–	1.11%	–
SLB	New	Schlumberger Ltd	$1,373,000	–	20,850	–	1.08%	–
INTC	New	Intel Corp	$1,317,000	–	39,021	–	1.04%	–
QCOM	New	Qualcomm Inc	$1,308,000	–	23,694	–	1.03%	–
CRM	New	Salesforce.Com	$1,301,000	–	15,026	–	1.02%	–
KSS	New	Kohls Corp	$1,244,000	–	32,174	–	0.98%	–
DKS	New	Dicks Sporting Goods Inc	$1,222,000	–	30,684	–	0.96%	–
NUE	New	Nucor Corp	$1,206,000	–	20,845	–	0.95%	–
MSFT	New	Microsoft Corp	$1,207,000	–	17,514	–	0.95%	–
EOG	New	EOG Resources, Inc.	$1,199,000	–	13,248	–	0.94%	–
NSC	New	Norfolk Southern Corp	$1,126,000	–	9,255	–	0.89%	–
EL	New	Lauder (Estee) Cos Inc Class Acl a	$1,090,000	–	11,358	–	0.86%	–
DD	New	DU Pont E I DE Nemours & Co	$1,090,000	–	13,510	–	0.86%	–
VSS	New	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$1,068,000	–	9,882	–	0.84%	–
BAX	New	Baxter Intl Inc	$1,059,000	–	17,499	–	0.83%	–
BCR	New	Bard C R Inc	$1,032,000	–	3,266	–	0.81%	–
COST	New	Costco Wholesale Corp (New)	$1,007,000	–	6,297	–	0.79%	–
JNJ	New	Johnson & Johnson	$999,000	–	7,551	–	0.79%	–
GWW	New	W W Grainger Inc	$942,000	–	5,220	–	0.74%	–
ALXN	New	Alexion Pharmaceuticals Inc	$936,000	–	7,691	–	0.74%	–
GLW	New	Corning Inc	$931,000	–	30,983	–	0.73%	–
ETFC	New	ETrade Financial Corp	$918,000	–	24,144	–	0.72%	–
VWO	New	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$825,000	–	20,194	–	0.65%	–
TWTR	New	Twitter Inc Common	$815,000	–	45,587	–	0.64%	–
PANW	New	Palo Alto Networks Inc Common	$745,000	–	5,564	–	0.59%	–
UNP	New	Union Pacific Corp	$711,000	–	6,532	–	0.56%	–
GILD	New	Gilead Sciences Inc	$701,000	–	9,910	–	0.55%	–
MCHP	New	Microchip Technology Inc	$694,000	–	8,989	–	0.55%	–
DUK	New	Duke Energy Corporation New	$688,000	–	8,227	–	0.54%	–
PEP	New	Pepsico Inc	$685,000	–	5,928	–	0.54%	–
MMM	New	3M Company	$629,000	–	3,019	–	0.50%	–
ACN	New	Accenture PLC	$605,000	–	4,888	–	0.48%	–
GD	New	General Dynamics Corp	$585,000	–	2,955	–	0.46%	–
MO	New	Altria Group Inc	$551,000	–	7,395	–	0.43%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$551,000	–	2,264	–	0.43%	–
PM	New	Phillip Morris International Inc	$541,000	–	4,608	–	0.43%	–
CME	New	CME Group Inc	$539,000	–	4,307	–	0.42%	–
IBM	New	International Business Machines	$530,000	–	3,446	–	0.42%	–
ADP	New	Automatic Data Processing	$512,000	–	4,995	–	0.40%	–
T	New	AT&T Inc	$496,000	–	13,157	–	0.39%	–
UNH	New	Unitedhealth Group, Inc.	$468,000	–	2,525	–	0.37%	–
ACWX	New	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$447,000	–	9,804	–	0.35%	–
VZ	New	Verizon Communications	$438,000	–	9,810	–	0.34%	–
DHR	New	Danaher Corp	$413,000	–	4,898	–	0.32%	–
DRI	New	Darden Restaurants Inc	$385,000	–	4,254	–	0.30%	–
CSCO	New	Cisco Systems Inc	$383,000	–	12,246	–	0.30%	–
TJX	New	Tjx Companies (New)	$367,000	–	5,085	–	0.29%	–
BLK	New	Blackrock, Inc.	$368,000	–	872	–	0.29%	–
WBA	New	Walgreens Boots Alliance Inc	$359,000	–	4,587	–	0.28%	–
ECL	New	Ecolab Inc.	$350,000	–	2,639	–	0.28%	–
CBU	New	Community Bank System, Inc	$291,000	–	5,216	–	0.23%	–
SYY	New	SYSCO Corp	$290,000	–	5,764	–	0.23%	–
SYK	New	Stryker Corp	$263,000	–	1,894	–	0.21%	–
UPS	New	United Parcel Service Inc. Class Bcl b	$231,000	–	2,087	–	0.18%	–
MRK	New	Merck & Co Inc New	$231,000	–	3,607	–	0.18%	–
ATVI	New	Activision Blizzard Inc Common	$229,000	–	3,973	–	0.18%	–
PFE	New	Pfizer Inc	$228,000	–	6,776	–	0.18%	–
FNF	New	Fidelity Natl Financial Common	$213,000	–	4,759	–	0.17%	–
CAH	New	Cardinal Health Inc	$210,000	–	2,690	–	0.16%	–
TRVN	New	Trevena Inc.	$125,000	–	54,300	–	0.10%	–

Q4 2016

			Value		Shares		↓ Weighting
TRVN	Exit	Trevena Inc.	$0	–	-29,000	–	-0.15%	–
SEIC	Exit	SEI Investment Company	$0	–	-4,554	–	-0.16%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-3,283	–	-0.19%	–
TROW	Exit	T. Rowe Price Group, Inc.	$0	–	-3,693	–	-0.19%	–
GWW	Exit	W W Grainger Inc	$0	–	-1,108	–	-0.20%	–
CBU	Exit	Community Bank System, Inc	$0	–	-5,216	–	-0.20%	–
YUM	Exit	YUM Brands Inc	$0	–	-3,218	–	-0.23%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-5,331	–	-0.26%	–
XLU	Exit	Utilities Select Sector SPDRsbi int-utils	$0	–	-6,730	–	-0.26%	–
EXPD	Exit	Expeditors Intl Wash Inc	$0	–	-7,069	–	-0.28%	–
CL	Exit	Colgate Palmolive Co	$0	–	-4,891	–	-0.28%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-2,670	–	-0.29%	–
MRK	Exit	Merck & Co Inc New	$0	–	-6,026	–	-0.30%	–
SYK	Exit	Stryker Corp	$0	–	-3,353	–	-0.31%	–
TGT	Exit	Target Corp	$0	–	-5,804	–	-0.31%	–
CAH	Exit	Cardinal Health Inc	$0	–	-5,320	–	-0.32%	–
ECL	Exit	Ecolab Inc.	$0	–	-3,405	–	-0.32%	–
SYY	Exit	SYSCO Corp	$0	–	-8,532	–	-0.33%	–
ABT	Exit	Abbott Labs	$0	–	-10,383	–	-0.34%	–
PM	Exit	Phillip Morris International Inc	$0	–	-4,716	–	-0.36%	–
UPS	Exit	United Parcel Service Inc. Class Bcl b	$0	–	-4,193	–	-0.36%	–
FTV	Exit	Fortive Corp Common	$0	–	-9,110	–	-0.36%	–
BLK	Exit	Blackrock, Inc.	$0	–	-1,304	–	-0.37%	–
TJX	Exit	Tjx Companies (New)	$0	–	-6,424	–	-0.38%	–
ACWX	Exit	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$0	–	-11,570	–	-0.38%	–
MO	Exit	Altria Group Inc	$0	–	-7,749	–	-0.38%	–
FNB	Exit	FNB Corporation	$0	–	-40,879	–	-0.39%	–
WBA	Exit	Walgreens Boots Alliance Inc	$0	–	-6,283	–	-0.40%	–
MMM	Exit	3M Company	$0	–	-3,154	–	-0.44%	–
GD	Exit	General Dynamics Corp	$0	–	-3,597	–	-0.44%	–
VZ	Exit	Verizon Communications	$0	–	-10,931	–	-0.44%	–
CME	Exit	CME Group Inc	$0	–	-5,624	–	-0.46%	–
ADP	Exit	Automatic Data Processing	$0	–	-6,901	–	-0.48%	–
IBM	Exit	International Business Machines	$0	–	-3,866	–	-0.48%	–
TWTR	Exit	Twitter Inc Common	$0	–	-26,860	–	-0.48%	–
DUK	Exit	Duke Energy Corporation New	$0	–	-7,813	–	-0.49%	–
ETN	Exit	Eaton Corp	$0	–	-9,647	–	-0.50%	–
UNP	Exit	Union Pacific Corp	$0	–	-6,532	–	-0.50%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-10,953	–	-0.53%	–
T	Exit	AT&T Inc	$0	–	-17,466	–	-0.56%	–
ACN	Exit	Accenture PLC	$0	–	-6,420	–	-0.62%	–
INTC	Exit	Intel Corp	$0	–	-20,850	–	-0.62%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-5,403	–	-0.65%	–
RAX	Exit	Rackspace Hosting Inc Common	$0	–	-26,860	–	-0.67%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-27,007	–	-0.67%	–
VWO	Exit	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$0	–	-22,788	–	-0.67%	–
GLW	Exit	Corning Inc	$0	–	-36,853	–	-0.68%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-9,200	–	-0.70%	–
PEP	Exit	Pepsico Inc	$0	–	-8,368	–	-0.71%	–
RHT	Exit	Red Hat, Inc	$0	–	-11,679	–	-0.74%	–
MAS	Exit	Masco Corp	$0	–	-29,599	–	-0.80%	–
ALL	Exit	Allstate Corp	$0	–	-15,482	–	-0.84%	–
CELG	Exit	Celgene Corporation	$0	–	-10,329	–	-0.85%	–
NXPI	Exit	NXP Semiconductors N.V.	$0	–	-10,585	–	-0.85%	–
ADS	Exit	Alliance Data Systems Corp	$0	–	-5,147	–	-0.86%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-5,277	–	-0.90%	–
VSS	Exit	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$0	–	-11,612	–	-0.91%	–
NUE	Exit	Nucor Corp	$0	–	-24,161	–	-0.94%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-15,262	–	-0.95%	–
BAX	Exit	Baxter Intl Inc	$0	–	-26,386	–	-0.98%	–
KO	Exit	Coca Cola Co	$0	–	-29,690	–	-0.98%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-13,173	–	-1.00%	–
JNJ	Exit	Johnson & Johnson	$0	–	-10,783	–	-1.00%	–
KSS	Exit	Kohls Corp	$0	–	-30,406	–	-1.04%	–
SHPG	Exit	Shire PLC Sponsored ADRsponsored adr	$0	–	-6,868	–	-1.04%	–
ATVI	Exit	Activision Blizzard Inc Common	$0	–	-30,167	–	-1.05%	–
MSFT	Exit	Microsoft Corp	$0	–	-23,196	–	-1.05%	–
SCHW	Exit	Charles Schwab Corp	$0	–	-43,792	–	-1.08%	–
CRM	Exit	Salesforce.Com	$0	–	-19,852	–	-1.11%	–
FOXA	Exit	Twenty-First Century Fox Inc Class Acl a	$0	–	-58,936	–	-1.12%	–
AMT	Exit	American Tower REIT Inc	$0	–	-12,743	–	-1.13%	–
C	Exit	Citigroup Inc Common New	$0	–	-31,369	–	-1.16%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-21,260	–	-1.18%	–
MCD	Exit	McDonalds Corp	$0	–	-13,144	–	-1.19%	–
DHR	Exit	Danaher Corp	$0	–	-19,432	–	-1.19%	–
SBUX	Exit	Starbucks Corp	$0	–	-28,714	–	-1.22%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-30,839	–	-1.27%	–
CVX	Exit	Chevron Corp	$0	–	-15,808	–	-1.28%	–
DKS	Exit	Dicks Sporting Goods Inc	$0	–	-29,015	–	-1.29%	–
ORCL	Exit	Oracle Corp	$0	–	-42,411	–	-1.31%	–
SLB	Exit	Schlumberger Ltd	$0	–	-21,485	–	-1.32%	–
QCOM	Exit	Qualcomm Inc	$0	–	-24,801	–	-1.33%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-5,463	–	-1.34%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-39,987	–	-1.38%	–
AGN	Exit	Allergan PLC	$0	–	-7,785	–	-1.40%	–
DIS	Exit	Disney Walt Co	$0	–	-19,889	–	-1.45%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-14,252	–	-1.45%	–
BCR	Exit	Bard C R Inc	$0	–	-8,559	–	-1.50%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-7,225	–	-1.52%	–
PFE	Exit	Pfizer Inc	$0	–	-58,821	–	-1.56%	–
CVS	Exit	CVS Health Corporation	$0	–	-23,971	–	-1.67%	–
HD	Exit	Home Depot Inc	$0	–	-21,327	–	-2.15%	–
GE	Exit	General Elec Co	$0	–	-97,011	–	-2.25%	–
AAPL	Exit	Apple Computer Inc	$0	–	-27,336	–	-2.42%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-36,413	–	-2.49%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-71,858	–	-2.49%	–
PG	Exit	Procter & Gamble Co	$0	–	-36,161	–	-2.54%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-51,289	–	-2.68%	–
GOOG	Exit	Alphabet Inc Class Ccap stk cl c	$0	–	-4,598	–	-2.80%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-252,790	–	-4.35%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-61,725	–	-7.48%	–

Q3 2016

			Value		Shares		↓ Weighting
IJH	Sell	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$9,549,000	-0.8%	61,725	-4.2%	7.48%	-0.3%
CZNC	Buy	Citizens & Northern Corp	$5,554,000	+11.8%	252,790	+2.8%	4.35%	+12.2%
GOOG	Buy	Alphabet Inc Class Ccap stk cl c	$3,574,000	+13.4%	4,598	+1.0%	2.80%	+13.9%
JPM	Buy	JPMorgan Chase & Co	$3,415,000	+10.7%	51,289	+3.3%	2.68%	+11.2%
PG	Sell	Procter & Gamble Co	$3,245,000	-14.1%	36,161	-18.9%	2.54%	-13.7%
WFC	Buy	Wells Fargo & Co New	$3,182,000	+16.4%	71,858	+24.4%	2.49%	+16.9%
XOM	Buy	Exxon Mobil Corp	$3,178,000	+26.4%	36,413	+35.7%	2.49%	+26.9%
AAPL	Buy	Apple Computer Inc	$3,090,000	+21.7%	27,336	+2.9%	2.42%	+22.2%
GE	Buy	General Elec Co	$2,873,000	+13.2%	97,011	+20.3%	2.25%	+13.7%
HD	Sell	Home Depot Inc	$2,744,000	-0.3%	21,327	-1.0%	2.15%	+0.2%
CVS	Buy	CVS Health Corporation	$2,133,000	+13.0%	23,971	+21.6%	1.67%	+13.5%
PFE	Sell	Pfizer Inc	$1,992,000	-3.9%	58,821	-0.0%	1.56%	-3.5%
ICE	Buy	Intercontinental Exchange Inc Common	$1,946,000	+43.7%	7,225	+36.6%	1.52%	+44.3%
BCR	Buy	Bard C R Inc	$1,920,000	-4.3%	8,559	+0.3%	1.50%	-3.9%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$1,853,000	+7.0%	14,252	-1.0%	1.45%	+7.4%
DIS	Buy	Disney Walt Co	$1,847,000	-3.7%	19,889	+1.5%	1.45%	-3.2%
AGN	Buy	Allergan PLC	$1,793,000	+29.8%	7,785	+30.3%	1.40%	+30.3%
MDLZ	Buy	Mondelez Intl Inc Class Acl a	$1,755,000	+0.7%	39,987	+4.4%	1.38%	+1.2%
BIIB	Sell	Biogen Idec Inc	$1,710,000	+27.6%	5,463	-1.4%	1.34%	+28.1%
QCOM	Buy	Qualcomm Inc	$1,699,000	+31.2%	24,801	+2.6%	1.33%	+31.8%
SLB	Buy	Schlumberger Ltd	$1,690,000	+4.2%	21,485	+4.7%	1.32%	+4.7%
ORCL	Sell	Oracle Corp	$1,666,000	-4.3%	42,411	-0.3%	1.31%	-3.9%
DKS	Sell	Dicks Sporting Goods Inc	$1,646,000	+22.9%	29,015	-2.3%	1.29%	+23.4%
CVX	Sell	Chevron Corp	$1,627,000	-8.0%	15,808	-6.3%	1.28%	-7.6%
NKE	Sell	Nike, Inc. Class Bcl b	$1,624,000	-7.3%	30,839	-2.8%	1.27%	-6.8%
SBUX	Buy	Starbucks Corp	$1,555,000	-5.0%	28,714	+0.2%	1.22%	-4.5%
DHR	Buy	Danaher Corp	$1,523,000	-17.5%	19,432	+6.4%	1.19%	-17.1%
MCD	Sell	McDonalds Corp	$1,516,000	-20.4%	13,144	-17.0%	1.19%	-20.1%
ESRX	Buy	Express Scripts Holding Co.	$1,499,000	-4.9%	21,260	+2.2%	1.18%	-4.5%
C	Sell	Citigroup Inc Common New	$1,482,000	-26.3%	31,369	-33.9%	1.16%	-25.9%
AMT	Buy	American Tower REIT Inc	$1,444,000	-0.1%	12,743	+0.2%	1.13%	+0.4%
FOXA	Buy	Twenty-First Century Fox Inc Class Acl a	$1,427,000	+16.3%	58,936	+29.9%	1.12%	+16.9%
CRM	Buy	Salesforce.Com	$1,416,000	-8.1%	19,852	+2.4%	1.11%	-7.7%
SCHW	Buy	Charles Schwab Corp	$1,383,000	+26.6%	43,792	+1.5%	1.08%	+27.2%
MSFT	Sell	Microsoft Corp	$1,336,000	+12.3%	23,196	-0.3%	1.05%	+12.7%
ATVI	Sell	Activision Blizzard Inc Common	$1,336,000	-11.6%	30,167	-20.9%	1.05%	-11.2%
SHPG	Buy	Shire PLC Sponsored ADRsponsored adr	$1,331,000	+6.1%	6,868	+0.7%	1.04%	+6.5%
KSS	Buy	Kohls Corp	$1,330,000	+23.5%	30,406	+7.1%	1.04%	+24.0%
JNJ	Sell	Johnson & Johnson	$1,274,000	-7.3%	10,783	-4.9%	1.00%	-6.9%
EOG	Buy	EOG Resources, Inc.	$1,274,000	+25.5%	13,173	+8.3%	1.00%	+26.1%
KO	New	Coca Cola Co	$1,256,000	–	29,690	–	0.98%	–
BAX	Sell	Baxter Intl Inc	$1,256,000	+5.0%	26,386	-0.2%	0.98%	+5.5%
GILD	Buy	Gilead Sciences Inc	$1,208,000	+1.3%	15,262	+6.8%	0.95%	+1.8%
NUE	Sell	Nucor Corp	$1,195,000	-21.2%	24,161	-21.2%	0.94%	-20.8%
VSS	Buy	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$1,156,000	+11.9%	11,612	+4.6%	0.91%	+12.4%
IVV	Sell	iShares Core S&P 500 ETFcore s&p500 etf	$1,148,000	-37.7%	5,277	-39.7%	0.90%	-37.4%
ADS	Buy	Alliance Data Systems Corp	$1,104,000	+50.6%	5,147	+37.6%	0.86%	+51.2%
CELG	Buy	Celgene Corporation	$1,080,000	+7.8%	10,329	+1.7%	0.85%	+8.3%
NXPI	Buy	NXP Semiconductors N.V.	$1,080,000	+32.5%	10,585	+1.7%	0.85%	+33.2%
ALL	New	Allstate Corp	$1,071,000	–	15,482	–	0.84%	–
MAS	Buy	Masco Corp	$1,016,000	+21.7%	29,599	+9.7%	0.80%	+22.1%
RHT	Buy	Red Hat, Inc	$944,000	+17.4%	11,679	+5.5%	0.74%	+18.0%
PEP	Sell	Pepsico Inc	$910,000	-2.0%	8,368	-4.6%	0.71%	-1.7%
NSC	Buy	Norfolk Southern Corp	$893,000	+16.6%	9,200	+2.3%	0.70%	+17.1%
GLW	Sell	Corning Inc	$872,000	+11.9%	36,853	-3.1%	0.68%	+12.3%
VWO	Sell	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$858,000	+6.1%	22,788	-0.7%	0.67%	+6.7%
CSCO	Sell	Cisco Systems Inc	$857,000	+9.0%	27,007	-1.4%	0.67%	+9.6%
RAX	Buy	Rackspace Hosting Inc Common	$851,000	+56.4%	26,860	+3.0%	0.67%	+56.9%
COST	Sell	Costco Wholesale Corp (New)	$824,000	-3.5%	5,403	-0.7%	0.65%	-3.0%
INTC	Sell	Intel Corp	$787,000	+10.8%	20,850	-3.7%	0.62%	+11.4%
ACN	Sell	Accenture PLC	$784,000	+5.0%	6,420	-2.7%	0.62%	+5.5%
T	Sell	AT&T Inc	$709,000	-14.0%	17,466	-8.4%	0.56%	-13.5%
MCHP	Sell	Microchip Technology Inc	$681,000	+21.8%	10,953	-0.5%	0.53%	+22.5%
ETN	Sell	Eaton Corp	$634,000	-37.4%	9,647	-43.1%	0.50%	-37.1%
DUK	Buy	Duke Energy Corporation New	$625,000	-6.7%	7,813	+0.0%	0.49%	-6.3%
TWTR	Sell	Twitter Inc Common	$619,000	+35.7%	26,860	-0.4%	0.48%	+36.2%
IBM	Sell	International Business Machines	$614,000	-7.8%	3,866	-11.9%	0.48%	-7.5%
ADP	Sell	Automatic Data Processing	$609,000	-4.4%	6,901	-0.5%	0.48%	-4.0%
CME	Sell	CME Group Inc	$588,000	+2.6%	5,624	-4.3%	0.46%	+3.1%
VZ	Sell	Verizon Communications	$568,000	-66.0%	10,931	-63.5%	0.44%	-65.8%
GD	Sell	General Dynamics Corp	$558,000	+8.6%	3,597	-2.5%	0.44%	+9.0%
WBA	Sell	Walgreens Boots Alliance Inc	$507,000	-4.3%	6,283	-1.3%	0.40%	-4.1%
FNB	Sell	FNB Corporation	$503,000	-61.4%	40,879	-60.6%	0.39%	-61.2%
MO	Sell	Altria Group Inc	$490,000	-8.8%	7,749	-0.5%	0.38%	-8.4%
TJX	Sell	Tjx Companies (New)	$480,000	-4.0%	6,424	-0.8%	0.38%	-3.6%
ACWX	Sell	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$480,000	+3.9%	11,570	-2.4%	0.38%	+4.2%
BLK	Sell	Blackrock, Inc.	$473,000	+2.8%	1,304	-2.9%	0.37%	+3.3%
FTV	New	Fortive Corp Common	$464,000	–	9,110	–	0.36%	–
UPS	Sell	United Parcel Service Inc. Class Bcl b	$459,000	-4.6%	4,193	-6.1%	0.36%	-4.0%
PM	Sell	Phillip Morris International Inc	$458,000	-7.3%	4,716	-2.8%	0.36%	-6.8%
ABT	Sell	Abbott Labs	$439,000	-0.2%	10,383	-7.2%	0.34%	+0.3%
SYY	Sell	SYSCO Corp	$418,000	-7.7%	8,532	-4.5%	0.33%	-7.1%
CAH	Sell	Cardinal Health Inc	$413,000	-1.4%	5,320	-1.0%	0.32%	-0.9%
TGT	Sell	Target Corp	$399,000	-13.3%	5,804	-11.8%	0.31%	-12.8%
SYK	Sell	Stryker Corp	$390,000	-3.9%	3,353	-0.9%	0.31%	-3.5%
MRK	Sell	Merck & Co Inc New	$376,000	-12.6%	6,026	-19.2%	0.30%	-12.2%
UNH	Sell	Unitedhealth Group, Inc.	$374,000	-2.1%	2,670	-1.2%	0.29%	-1.7%
EXPD	Sell	Expeditors Intl Wash Inc	$364,000	-10.1%	7,069	-14.5%	0.28%	-9.8%
CL	Sell	Colgate Palmolive Co	$363,000	-9.2%	4,891	-10.4%	0.28%	-8.7%
XLU	Sell	Utilities Select Sector SPDRsbi int-utils	$330,000	-16.2%	6,730	-10.3%	0.26%	-15.6%
DRI	Sell	Darden Restaurants Inc	$327,000	-5.5%	5,331	-2.5%	0.26%	-5.2%
YUM	Sell	YUM Brands Inc	$292,000	-13.9%	3,218	-21.4%	0.23%	-13.6%
GWW	Sell	W W Grainger Inc	$249,000	-17.0%	1,108	-16.1%	0.20%	-16.7%
TROW	Sell	T. Rowe Price Group, Inc.	$246,000	-25.0%	3,693	-17.8%	0.19%	-24.6%
WMT	Sell	Wal-Mart Stores Inc	$237,000	-16.3%	3,283	-15.4%	0.19%	-15.8%
SEIC	Sell	SEI Investment Company	$208,000	-13.7%	4,554	-9.2%	0.16%	-13.3%
BHI	Exit	Baker Hughes Inc	$0	–	-5,230	–	-0.18%	–
IWM	Exit	iShares Russell 2000 ETFrussell 2000 etf	$0	–	-2,315	–	-0.21%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-29,261	–	-0.40%	–
VFC	Exit	V F Corp	$0	–	-14,064	–	-0.68%	–
HAL	Exit	Halliburton Co	$0	–	-24,408	–	-0.86%	–
AXP	Exit	American Express Co	$0	–	-19,732	–	-0.94%	–
MET	Exit	Metlife Inc	$0	–	-36,114	–	-1.12%	–

Q2 2016

			Value		Shares		↓ Weighting
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$9,624,000	–	64,423	–	7.51%	–
CZNC	New	Citizens & Northern Corp	$4,970,000	–	245,805	–	3.88%	–
PG	New	Procter & Gamble Co	$3,777,000	–	44,607	–	2.95%	–
GOOG	New	Alphabet Inc Class Ccap stk cl c	$3,152,000	–	4,554	–	2.46%	–
JPM	New	JPMorgan Chase & Co	$3,085,000	–	49,643	–	2.41%	–
HD	New	Home Depot Inc	$2,751,000	–	21,544	–	2.15%	–
WFC	New	Wells Fargo & Co New	$2,733,000	–	57,749	–	2.13%	–
AAPL	New	Apple Computer Inc	$2,540,000	–	26,565	–	1.98%	–
GE	New	General Elec Co	$2,539,000	–	80,649	–	1.98%	–
XOM	New	Exxon Mobil Corp	$2,515,000	–	26,828	–	1.96%	–
PFE	New	Pfizer Inc	$2,072,000	–	58,844	–	1.62%	–
C	New	Citigroup Inc Common New	$2,011,000	–	47,439	–	1.57%	–
BCR	New	Bard C R Inc	$2,007,000	–	8,534	–	1.57%	–
DIS	New	Disney Walt Co	$1,917,000	–	19,597	–	1.50%	–
MCD	New	McDonalds Corp	$1,905,000	–	15,828	–	1.49%	–
CVS	New	CVS Health Corporation	$1,888,000	–	19,716	–	1.47%	–
DHR	New	Danaher Corp	$1,845,000	–	18,266	–	1.44%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$1,843,000	–	8,754	–	1.44%	–
CVX	New	Chevron Corp	$1,768,000	–	16,867	–	1.38%	–
NKE	New	Nike, Inc. Class Bb	$1,751,000	–	31,717	–	1.37%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$1,743,000	–	38,289	–	1.36%	–
ORCL	New	Oracle Corp	$1,741,000	–	42,544	–	1.36%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$1,732,000	–	14,390	–	1.35%	–
VZ	New	Verizon Communications	$1,670,000	–	29,911	–	1.30%	–
SBUX	New	Starbucks Corp	$1,636,000	–	28,647	–	1.28%	–
SLB	New	Schlumberger Ltd	$1,622,000	–	20,511	–	1.27%	–
ESRX	New	Express Scripts Holding Co.	$1,576,000	–	20,796	–	1.23%	–
CRM	New	Salesforce.Com	$1,540,000	–	19,395	–	1.20%	–
NUE	New	Nucor Corp	$1,516,000	–	30,675	–	1.18%	–
ATVI	New	Activision Blizzard Inc Common	$1,511,000	–	38,138	–	1.18%	–
AMT	New	American Tower REIT Inc	$1,445,000	–	12,719	–	1.13%	–
MET	New	Metlife Inc	$1,438,000	–	36,114	–	1.12%	–
AGN	New	Allergan PLC	$1,381,000	–	5,974	–	1.08%	–
JNJ	New	Johnson & Johnson	$1,375,000	–	11,334	–	1.07%	–
ICE	New	Intercontinental Exchange Inc Common	$1,354,000	–	5,290	–	1.06%	–
BIIB	New	Biogen Idec Inc	$1,340,000	–	5,541	–	1.05%	–
DKS	New	Dicks Sporting Goods Inc	$1,339,000	–	29,709	–	1.04%	–
FNB	New	FNB Corporation	$1,302,000	–	103,853	–	1.02%	–
QCOM	New	Qualcomm Inc	$1,295,000	–	24,174	–	1.01%	–
SHPG	New	Shire PLC Sponsored ADRsponsored adr	$1,255,000	–	6,817	–	0.98%	–
FOXA	New	Twenty-First Century Fox Inc Class Acl a	$1,227,000	–	45,356	–	0.96%	–
AXP	New	American Express Co	$1,199,000	–	19,732	–	0.94%	–
BAX	New	Baxter Intl Inc	$1,196,000	–	26,441	–	0.93%	–
GILD	New	Gilead Sciences Inc	$1,192,000	–	14,284	–	0.93%	–
MSFT	New	Microsoft Corp	$1,190,000	–	23,260	–	0.93%	–
HAL	New	Halliburton Co	$1,105,000	–	24,408	–	0.86%	–
SCHW	New	Charles Schwab Corp	$1,092,000	–	43,162	–	0.85%	–
KSS	New	Kohls Corp	$1,077,000	–	28,402	–	0.84%	–
VSS	New	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$1,033,000	–	11,100	–	0.81%	–
EOG	New	EOG Resources, Inc.	$1,015,000	–	12,167	–	0.79%	–
ETN	New	Eaton Corp	$1,012,000	–	16,950	–	0.79%	–
CELG	New	Celgene Corporation	$1,002,000	–	10,157	–	0.78%	–
PEP	New	Pepsico Inc	$929,000	–	8,770	–	0.72%	–
VFC	New	V F Corp	$865,000	–	14,064	–	0.68%	–
COST	New	Costco Wholesale Corp (New)	$854,000	–	5,440	–	0.67%	–
MAS	New	Masco Corp	$835,000	–	26,989	–	0.65%	–
T	New	AT&T Inc	$824,000	–	19,060	–	0.64%	–
NXPI	New	NXP Semiconductors N.V.	$815,000	–	10,404	–	0.64%	–
VWO	New	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$809,000	–	22,951	–	0.63%	–
RHT	New	Red Hat, Inc	$804,000	–	11,070	–	0.63%	–
CSCO	New	Cisco Systems Inc	$786,000	–	27,380	–	0.61%	–
GLW	New	Corning Inc	$779,000	–	38,049	–	0.61%	–
NSC	New	Norfolk Southern Corp	$766,000	–	8,993	–	0.60%	–
ACN	New	Accenture PLC	$747,000	–	6,598	–	0.58%	–
ADS	New	Alliance Data Systems Corp	$733,000	–	3,740	–	0.57%	–
INTC	New	Intel Corp	$710,000	–	21,645	–	0.55%	–
DUK	New	Duke Energy Corporation New	$670,000	–	7,812	–	0.52%	–
IBM	New	International Business Machines	$666,000	–	4,387	–	0.52%	–
ADP	New	Automatic Data Processing	$637,000	–	6,936	–	0.50%	–
CME	New	CME Group Inc	$573,000	–	5,878	–	0.45%	–
UNP	New	Union Pacific Corp	$570,000	–	6,532	–	0.44%	–
MCHP	New	Microchip Technology Inc	$559,000	–	11,009	–	0.44%	–
MMM	New	3M Company	$552,000	–	3,154	–	0.43%	–
RAX	New	Rackspace Hosting Inc Common	$544,000	–	26,087	–	0.42%	–
MO	New	Altria Group Inc	$537,000	–	7,786	–	0.42%	–
WBA	New	Walgreens Boots Alliance Inc	$530,000	–	6,368	–	0.41%	–
FITB	New	Fifth Third Bancorp	$515,000	–	29,261	–	0.40%	–
GD	New	General Dynamics Corp	$514,000	–	3,690	–	0.40%	–
TJX	New	Tjx Companies (New)	$500,000	–	6,475	–	0.39%	–
PM	New	Phillip Morris International Inc	$494,000	–	4,852	–	0.38%	–
UPS	New	United Parcel Service Inc. Class Bcl b	$481,000	–	4,464	–	0.38%	–
ACWX	New	iShares MSCI ACWI Ex US ETFmsci acwi ex us	$462,000	–	11,858	–	0.36%	–
BLK	New	Blackrock, Inc.	$460,000	–	1,343	–	0.36%	–
TGT	New	Target Corp	$460,000	–	6,584	–	0.36%	–
TWTR	New	Twitter Inc Common	$456,000	–	26,964	–	0.36%	–
SYY	New	SYSCO Corp	$453,000	–	8,932	–	0.35%	–
ABT	New	Abbott Labs	$440,000	–	11,191	–	0.34%	–
MRK	New	Merck & Co Inc New	$430,000	–	7,461	–	0.34%	–
CAH	New	Cardinal Health Inc	$419,000	–	5,372	–	0.33%	–
SYK	New	Stryker Corp	$406,000	–	3,385	–	0.32%	–
EXPD	New	Expeditors Intl Wash Inc	$405,000	–	8,267	–	0.32%	–
ECL	New	Ecolab Inc.	$404,000	–	3,405	–	0.32%	–
CL	New	Colgate Palmolive Co	$400,000	–	5,460	–	0.31%	–
XLU	New	Utilities Select Sector SPDRsbi int-utils	$394,000	–	7,502	–	0.31%	–
UNH	New	Unitedhealth Group, Inc.	$382,000	–	2,703	–	0.30%	–
DRI	New	Darden Restaurants Inc	$346,000	–	5,465	–	0.27%	–
YUM	New	YUM Brands Inc	$339,000	–	4,092	–	0.26%	–
TROW	New	T. Rowe Price Group, Inc.	$328,000	–	4,495	–	0.26%	–
GWW	New	W W Grainger Inc	$300,000	–	1,321	–	0.23%	–
WMT	New	Wal-Mart Stores Inc	$283,000	–	3,880	–	0.22%	–
IWM	New	iShares Russell 2000 ETFrussell 2000 etf	$266,000	–	2,315	–	0.21%	–
SEIC	New	SEI Investment Company	$241,000	–	5,014	–	0.19%	–
BHI	New	Baker Hughes Inc	$236,000	–	5,230	–	0.18%	–
CBU	New	Community Bank System, Inc	$214,000	–	5,216	–	0.17%	–
TRVN	New	Trevena Inc.	$183,000	–	29,000	–	0.14%	–

Q4 2015

			Value		Shares		↓ Weighting
SUNEQ	Exit	SunEdison Inc	$0	–	-10,000	–	-0.06%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-10,859	–	-0.09%	–
UVSP	Exit	UNIVEST CORP OF PA	$0	–	-10,000	–	-0.15%	–
TRVN	Exit	Trevena Inc.	$0	–	-20,000	–	-0.16%	–
VNQ	Exit	Vanguard REIT Index ETFreit etf	$0	–	-3,000	–	-0.18%	–
SEIC	Exit	SEI Investment Company	$0	–	-5,286	–	-0.20%	–
NWFL	Exit	NORWOOD FINANCIAL CORP	$0	–	-8,919	–	-0.20%	–
MDT	Exit	Medtronic PLC	$0	–	-3,987	–	-0.21%	–
MTB	Exit	M & T Bank Corp	$0	–	-2,818	–	-0.27%	–
TWTR	Exit	Twitter Inc Common	$0	–	-13,535	–	-0.28%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-5,647	–	-0.29%	–
PM	Exit	Phillip Morris International Inc	$0	–	-4,740	–	-0.29%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-13,441	–	-0.30%	–
TDC	Exit	Teradata Corp Del	$0	–	-13,341	–	-0.30%	–
GWW	Exit	W W Grainger Inc	$0	–	-1,803	–	-0.30%	–
BEN	Exit	Franklin Resources Inc	$0	–	-10,482	–	-0.31%	–
MO	Exit	Altria Group Inc	$0	–	-7,626	–	-0.32%	–
MMM	Exit	3M Company	$0	–	-3,190	–	-0.35%	–
SYY	Exit	SYSCO Corp	$0	–	-11,807	–	-0.36%	–
GLW	Exit	Corning Inc	$0	–	-28,483	–	-0.38%	–
CL	Exit	Colgate Palmolive Co	$0	–	-7,970	–	-0.40%	–
EXC	Exit	Exelon Corp	$0	–	-17,102	–	-0.40%	–
PFIS	Exit	PEOPLES FINANCIAL SERVICES	$0	–	-14,555	–	-0.40%	–
EXPD	Exit	Expeditors Intl Wash Inc	$0	–	-10,995	–	-0.40%	–
AWK	Exit	American Water Works Co Inc New	$0	–	-9,522	–	-0.41%	–
TROW	Exit	T. Rowe Price Group, Inc.	$0	–	-7,572	–	-0.41%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-7,230	–	-0.41%	–
HAL	Exit	Halliburton Co	$0	–	-15,210	–	-0.42%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-28,880	–	-0.43%	–
PX	Exit	Praxair Inc	$0	–	-5,364	–	-0.43%	–
BHI	Exit	Baker Hughes Inc	$0	–	-10,513	–	-0.43%	–
KSS	Exit	Kohls Corp	$0	–	-11,848	–	-0.43%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-12,763	–	-0.43%	–
EFA	Exit	iShares MSCI EAFE ETFmsci eafe etf	$0	–	-9,686	–	-0.43%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-7,422	–	-0.44%	–
ECL	Exit	Ecolab Inc.	$0	–	-5,176	–	-0.44%	–
SYK	Exit	Stryker Corp	$0	–	-6,116	–	-0.45%	–
NXPI	Exit	NXP Semiconductors N.V.	$0	–	-6,633	–	-0.45%	–
VWO	Exit	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$0	–	-17,620	–	-0.46%	–
YUM	Exit	YUM Brands Inc	$0	–	-7,457	–	-0.47%	–
XLU	Exit	Utilities Select Sector SPDRsbi int-utils	$0	–	-14,085	–	-0.48%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-5,603	–	-0.51%	–
BIIB	Exit	Biogen Idec Inc	$0	–	-2,231	–	-0.51%	–
ADP	Exit	Automatic Data Processing	$0	–	-8,129	–	-0.51%	–
IBM	Exit	International Business Machines	$0	–	-4,619	–	-0.52%	–
GD	Exit	General Dynamics Corp	$0	–	-4,858	–	-0.52%	–
CAH	Exit	Cardinal Health Inc	$0	–	-8,734	–	-0.52%	–
AMGN	Exit	Amgen Inc	$0	–	-4,854	–	-0.52%	–
WBA	Exit	Walgreens Boots Alliance Inc	$0	–	-8,204	–	-0.53%	–
BLK	Exit	Blackrock, Inc.	$0	–	-2,321	–	-0.54%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-10,161	–	-0.54%	–
ABT	Exit	Abbott Labs	$0	–	-17,333	–	-0.54%	–
BAX	Exit	Baxter Intl Inc	$0	–	-21,956	–	-0.56%	–
T	Exit	AT&T Inc	$0	–	-22,671	–	-0.58%	–
INTC	Exit	Intel Corp	$0	–	-24,758	–	-0.58%	–
ALTR	Exit	Altera Corp	$0	–	-15,000	–	-0.59%	–
ACN	Exit	Accenture PLC	$0	–	-7,727	–	-0.59%	–
TJX	Exit	Tjx Companies (New)	$0	–	-10,710	–	-0.60%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-8,258	–	-0.63%	–
VFC	Exit	V F Corp	$0	–	-11,971	–	-0.64%	–
TGT	Exit	Target Corp	$0	–	-10,583	–	-0.65%	–
NUE	Exit	Nucor Corp	$0	–	-22,513	–	-0.66%	–
SCHW	Exit	Charles Schwab Corp	$0	–	-29,707	–	-0.66%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-33,013	–	-0.68%	–
AMT	Exit	American Tower REIT Inc	$0	–	-9,884	–	-0.68%	–
CME	Exit	CME Group Inc	$0	–	-9,771	–	-0.71%	–
FOXA	Exit	Twenty-First Century Fox Inc Class Acl a	$0	–	-34,409	–	-0.72%	–
BXLT	Exit	Baxalta Inc Common	$0	–	-29,705	–	-0.73%	–
AXP	Exit	American Express Co	$0	–	-12,706	–	-0.74%	–
PEP	Exit	Pepsico Inc	$0	–	-10,001	–	-0.74%	–
ICE	Exit	Intercontinental Exchange Inc Common	$0	–	-4,042	–	-0.74%	–
ETN	Exit	Eaton Corp	$0	–	-18,856	–	-0.76%	–
DKS	Exit	Dicks Sporting Goods Inc	$0	–	-19,933	–	-0.77%	–
QCOM	Exit	Qualcomm Inc	$0	–	-18,683	–	-0.78%	–
ATVI	Exit	Activision Blizzard Inc Common	$0	–	-32,517	–	-0.78%	–
COST	Exit	Costco Wholesale Corp (New)	$0	–	-6,951	–	-0.79%	–
VSS	Exit	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$0	–	-11,172	–	-0.79%	–
PCP	Exit	Precision Castparts Corp Common	$0	–	-4,431	–	-0.80%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-11,261	–	-0.83%	–
MSFT	Exit	Microsoft Corp	$0	–	-26,300	–	-0.91%	–
JNJ	Exit	Johnson & Johnson	$0	–	-12,759	–	-0.93%	–
EMC	Exit	E M C Corp Mass	$0	–	-49,589	–	-0.94%	–
CRM	Exit	Salesforce.Com	$0	–	-17,513	–	-0.95%	–
MET	Exit	Metlife Inc	$0	–	-26,102	–	-0.96%	–
IWM	Exit	iShares Russell 2000 ETFrussell 2000 etf	$0	–	-11,667	–	-1.00%	–
SLB	Exit	Schlumberger Ltd	$0	–	-18,719	–	-1.01%	–
FNB	Exit	FNB Corporation	$0	–	-103,474	–	-1.05%	–
CVX	Exit	Chevron Corp	$0	–	-17,132	–	-1.06%	–
MDLZ	Exit	Mondelez Intl Inc Class Acl a	$0	–	-33,969	–	-1.11%	–
MRK	Exit	Merck & Co Inc New	$0	–	-28,975	–	-1.12%	–
CVS	Exit	CVS Health Corporation	$0	–	-15,934	–	-1.20%	–
ORCL	Exit	Oracle Corp	$0	–	-42,879	–	-1.21%	–
MCD	Exit	McDonalds Corp	$0	–	-15,949	–	-1.23%	–
PFE	Exit	Pfizer Inc	$0	–	-50,243	–	-1.23%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-19,970	–	-1.26%	–
SBUX	Exit	Starbucks Corp	$0	–	-29,071	–	-1.29%	–
DIS	Exit	Disney Walt Co	$0	–	-17,231	–	-1.38%	–
VZ	Exit	Verizon Communications	$0	–	-41,077	–	-1.40%	–
BCR	Exit	Bard C R Inc	$0	–	-9,743	–	-1.42%	–
C	Exit	Citigroup Inc Common New	$0	–	-37,275	–	-1.44%	–
GE	Exit	General Elec Co	$0	–	-76,228	–	-1.50%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-28,468	–	-1.66%	–
HAP	Exit	Market Vectors Natural Resources ETFnatural res etf	$0	–	-79,929	–	-1.68%	–
HD	Exit	Home Depot Inc	$0	–	-19,041	–	-1.72%	–
NKE	Exit	Nike, Inc. Class Bb	$0	–	-18,313	–	-1.76%	–
DHR	Exit	Danaher Corp	$0	–	-27,056	–	-1.80%	–
EEM	Exit	iShares MSCI Emerging Markets ETFmsci emg mkt etf	$0	–	-72,247	–	-1.85%	–
AAPL	Exit	Apple Computer Inc	$0	–	-22,487	–	-1.94%	–
GOOG	Exit	Google Inc Class Cc	$0	–	-4,144	–	-1.97%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-46,422	–	-2.21%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-56,686	–	-2.28%	–
PG	Exit	Procter & Gamble Co	$0	–	-46,913	–	-2.64%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-19,342	–	-2.91%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-275,068	–	-4.20%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-67,339	–	-7.19%	–

Q3 2015

			Value		Shares		↓ Weighting
IJH	Sell	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$9,199,000	-11.2%	67,339	-2.5%	7.19%	-10.3%
CZNC	Buy	Citizens & Northern Corp	$5,369,000	-4.7%	275,068	+0.4%	4.20%	-3.7%
IVV	Buy	iShares Core S&P 500 ETFcore s&p500 etf	$3,727,000	+585.1%	19,342	+636.8%	2.91%	+592.2%
PG	Buy	Procter & Gamble Co	$3,375,000	+46.5%	46,913	+59.3%	2.64%	+47.9%
WFC	Buy	Wells Fargo & Co New	$2,911,000	-8.2%	56,686	+0.5%	2.28%	-7.3%
JPM	Buy	JPMorgan Chase & Co	$2,830,000	-8.7%	46,422	+1.5%	2.21%	-7.9%
GOOG	Buy	Google Inc Class Cc	$2,521,000	+22.4%	4,144	+4.7%	1.97%	+23.6%
AAPL	Sell	Apple Computer Inc	$2,480,000	-24.4%	22,487	-14.0%	1.94%	-23.6%
EEM	New	iShares MSCI Emerging Markets ETFmsci emg mkt etf	$2,368,000	–	72,247	–	1.85%	–
DHR	Sell	Danaher Corp	$2,305,000	-9.8%	27,056	-9.4%	1.80%	-8.9%
NKE	Sell	Nike, Inc. Class Bb	$2,252,000	+13.3%	18,313	-0.5%	1.76%	+14.4%
HD	Buy	Home Depot Inc	$2,199,000	+8.1%	19,041	+4.1%	1.72%	+9.1%
HAP	New	Market Vectors Natural Resources ETFnatural res etf	$2,155,000	–	79,929	–	1.68%	–
XOM	Sell	Exxon Mobil Corp	$2,117,000	-18.6%	28,468	-8.9%	1.66%	-17.8%
GE	Buy	General Elec Co	$1,922,000	-4.2%	76,228	+0.9%	1.50%	-3.3%
C	Buy	Citigroup Inc Common New	$1,849,000	-5.9%	37,275	+4.8%	1.44%	-5.0%
BCR	Sell	Bard C R Inc	$1,815,000	-8.1%	9,743	-15.8%	1.42%	-7.2%
VZ	Buy	Verizon Communications	$1,787,000	-4.9%	41,077	+1.8%	1.40%	-4.1%
DIS	Buy	Disney Walt Co	$1,761,000	-9.0%	17,231	+1.6%	1.38%	-8.1%
SBUX	Buy	Starbucks Corp	$1,652,000	+10.9%	29,071	+4.6%	1.29%	+11.9%
ESRX	Buy	Express Scripts Holding Co.	$1,617,000	-4.0%	19,970	+5.5%	1.26%	-3.1%
PFE	Buy	Pfizer Inc	$1,578,000	-4.2%	50,243	+2.2%	1.23%	-3.3%
MCD	Sell	McDonalds Corp	$1,571,000	-0.5%	15,949	-4.0%	1.23%	+0.4%
ORCL	Sell	Oracle Corp	$1,549,000	-11.3%	42,879	-1.0%	1.21%	-10.4%
CVS	Buy	CVS Health Corporation	$1,537,000	-4.3%	15,934	+4.0%	1.20%	-3.4%
MRK	Buy	Merck & Co Inc New	$1,431,000	-11.6%	28,975	+1.9%	1.12%	-10.8%
MDLZ	Buy	Mondelez Intl Inc Class Acl a	$1,422,000	+4.8%	33,969	+3.0%	1.11%	+5.8%
CVX	Sell	Chevron Corp	$1,351,000	-22.5%	17,132	-5.2%	1.06%	-21.8%
SLB	Sell	Schlumberger Ltd	$1,291,000	-27.1%	18,719	-8.9%	1.01%	-26.4%
IWM	New	iShares Russell 2000 ETFrussell 2000 etf	$1,274,000	–	11,667	–	1.00%	–
MET	Buy	Metlife Inc	$1,231,000	-12.3%	26,102	+4.2%	0.96%	-11.4%
CRM	Buy	Salesforce.Com	$1,216,000	+5.1%	17,513	+5.4%	0.95%	+6.1%
EMC	Sell	E M C Corp Mass	$1,198,000	-9.0%	49,589	-0.6%	0.94%	-8.1%
JNJ	Sell	Johnson & Johnson	$1,191,000	-9.8%	12,759	-5.8%	0.93%	-8.9%
MSFT	Sell	Microsoft Corp	$1,164,000	-4.6%	26,300	-4.8%	0.91%	-3.7%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$1,058,000	-9.6%	11,261	+5.2%	0.83%	-8.7%
PCP	Sell	Precision Castparts Corp Common	$1,018,000	-12.2%	4,431	-23.6%	0.80%	-11.3%
VSS	Buy	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$1,013,000	+25.7%	11,172	+41.3%	0.79%	+26.9%
COST	Buy	Costco Wholesale Corp (New)	$1,005,000	+11.8%	6,951	+4.5%	0.79%	+12.9%
ATVI	Buy	Activision Blizzard Inc Common	$1,004,000	+34.8%	32,517	+5.7%	0.78%	+36.0%
QCOM	Sell	Qualcomm Inc	$1,004,000	-36.9%	18,683	-26.4%	0.78%	-36.2%
DKS	Buy	Dicks Sporting Goods Inc	$989,000	-1.5%	19,933	+2.8%	0.77%	-0.5%
ETN	Sell	Eaton Corp	$967,000	-43.1%	18,856	-25.2%	0.76%	-42.6%
ICE	Buy	Intercontinental Exchange Inc Common	$950,000	+8.9%	4,042	+3.7%	0.74%	+10.1%
PEP	Sell	Pepsico Inc	$943,000	-4.7%	10,001	-5.6%	0.74%	-3.8%
AXP	Sell	American Express Co	$942,000	-6.5%	12,706	-2.0%	0.74%	-5.6%
BXLT	New	Baxalta Inc Common	$936,000	–	29,705	–	0.73%	–
FOXA	Sell	Twenty-First Century Fox Inc Class Acl a	$928,000	-21.3%	34,409	-5.0%	0.72%	-20.6%
CME	Sell	CME Group Inc	$906,000	-7.4%	9,771	-7.0%	0.71%	-6.5%
AMT	Buy	American Tower REIT Inc	$870,000	-1.8%	9,884	+4.1%	0.68%	-0.9%
CSCO	Sell	Cisco Systems Inc	$867,000	-11.5%	33,013	-7.5%	0.68%	-10.7%
SCHW	Sell	Charles Schwab Corp	$848,000	-19.0%	29,707	-7.4%	0.66%	-18.2%
NUE	Buy	Nucor Corp	$845,000	+7.8%	22,513	+26.6%	0.66%	+8.9%
TGT	Sell	Target Corp	$832,000	-9.3%	10,583	-5.8%	0.65%	-8.5%
VFC	Buy	V F Corp	$817,000	+3.8%	11,971	+6.1%	0.64%	+4.9%
GILD	Buy	Gilead Sciences Inc	$811,000	-12.1%	8,258	+4.8%	0.63%	-11.3%
TJX	Sell	Tjx Companies (New)	$765,000	+0.8%	10,710	-6.7%	0.60%	+1.7%
ACN	Sell	Accenture PLC	$759,000	-8.9%	7,727	-10.2%	0.59%	-8.1%
ALTR	Sell	Altera Corp	$751,000	-43.3%	15,000	-42.0%	0.59%	-42.7%
INTC	Sell	Intel Corp	$746,000	-8.6%	24,758	-7.7%	0.58%	-7.8%
T	Sell	AT&T Inc	$739,000	-12.8%	22,671	-4.9%	0.58%	-11.9%
BAX	Buy	Baxter Intl Inc	$721,000	-48.4%	21,956	+10.0%	0.56%	-47.8%
ABT	Sell	Abbott Labs	$697,000	-25.5%	17,333	-9.1%	0.54%	-24.7%
DRI	Sell	Darden Restaurants Inc	$696,000	-10.8%	10,161	-7.5%	0.54%	-9.9%
BLK	Sell	Blackrock, Inc.	$690,000	-20.0%	2,321	-6.9%	0.54%	-19.3%
WBA	Sell	Walgreens Boots Alliance Inc	$682,000	-11.5%	8,204	-10.1%	0.53%	-10.7%
CAH	Sell	Cardinal Health Inc	$671,000	-18.9%	8,734	-11.7%	0.52%	-18.0%
AMGN	Sell	Amgen Inc	$671,000	-46.7%	4,854	-40.8%	0.52%	-46.1%
GD	Sell	General Dynamics Corp	$670,000	-9.0%	4,858	-6.5%	0.52%	-8.1%
IBM	Sell	International Business Machines	$670,000	-14.3%	4,619	-4.0%	0.52%	-13.5%
ADP	Sell	Automatic Data Processing	$653,000	-10.5%	8,129	-10.7%	0.51%	-9.7%
BIIB	New	Biogen Idec Inc	$651,000	–	2,231	–	0.51%	–
UNH	Sell	Unitedhealth Group, Inc.	$650,000	-11.9%	5,603	-7.3%	0.51%	-11.0%
XLU	Sell	Utilities Select Sector SPDRsbi int-utils	$610,000	-9.4%	14,085	-13.3%	0.48%	-8.4%
YUM	Sell	YUM Brands Inc	$596,000	-17.2%	7,457	-6.8%	0.47%	-16.5%
VWO	Buy	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$583,000	+11.5%	17,620	+37.8%	0.46%	+12.6%
NXPI	New	NXP Semiconductors N.V.	$578,000	–	6,633	–	0.45%	–
SYK	Sell	Stryker Corp	$576,000	-8.4%	6,116	-7.1%	0.45%	-7.6%
ECL	Sell	Ecolab Inc.	$568,000	-11.9%	5,176	-9.3%	0.44%	-11.0%
NSC	Sell	Norfolk Southern Corp	$567,000	-16.4%	7,422	-4.4%	0.44%	-15.6%
EFA	New	iShares MSCI EAFE ETFmsci eafe etf	$555,000	–	9,686	–	0.43%	–
MCHP	Sell	Microchip Technology Inc	$550,000	-16.9%	12,763	-8.6%	0.43%	-16.2%
KSS	Buy	Kohls Corp	$549,000	-21.2%	11,848	+6.5%	0.43%	-20.6%
BHI	Sell	Baker Hughes Inc	$547,000	-25.9%	10,513	-12.1%	0.43%	-25.0%
PX	Sell	Praxair Inc	$546,000	-31.8%	5,364	-19.9%	0.43%	-31.1%
HAL	New	Halliburton Co	$538,000	–	15,210	–	0.42%	–
EOG	New	EOG Resources, Inc.	$526,000	–	7,230	–	0.41%	–
TROW	Sell	T. Rowe Price Group, Inc.	$526,000	-29.0%	7,572	-20.6%	0.41%	-28.4%
AWK	Buy	American Water Works Co Inc New	$524,000	+20.7%	9,522	+6.7%	0.41%	+22.0%
EXPD	Sell	Expeditors Intl Wash Inc	$517,000	-4.4%	10,995	-6.2%	0.40%	-3.6%
EXC	Buy	Exelon Corp	$508,000	-1.9%	17,102	+3.7%	0.40%	-1.0%
CL	Sell	Colgate Palmolive Co	$506,000	-11.4%	7,970	-8.7%	0.40%	-10.4%
GLW	Sell	Corning Inc	$488,000	-20.4%	28,483	-8.3%	0.38%	-19.8%
SYY	Sell	SYSCO Corp	$460,000	-3.8%	11,807	-10.9%	0.36%	-2.7%
MO	Sell	Altria Group Inc	$415,000	+10.4%	7,626	-0.9%	0.32%	+11.3%
BEN	Sell	Franklin Resources Inc	$391,000	-49.3%	10,482	-33.3%	0.31%	-48.7%
GWW	Sell	W W Grainger Inc	$388,000	-22.9%	1,803	-15.2%	0.30%	-22.3%
TDC	Sell	Teradata Corp Del	$386,000	-24.2%	13,341	-2.9%	0.30%	-23.4%
WMT	Sell	Wal-Mart Stores Inc	$366,000	-25.6%	5,647	-18.5%	0.29%	-24.9%
TWTR	New	Twitter Inc Common	$365,000	–	13,535	–	0.28%	–
MDT	Sell	Medtronic PLC	$267,000	-59.6%	3,987	-55.3%	0.21%	-59.2%
SEIC	Sell	SEI Investment Company	$255,000	-7.6%	5,286	-6.1%	0.20%	-7.0%
SUNEQ	New	SunEdison Inc	$72,000	–	10,000	–	0.06%	–
FTR	Exit	Frontier Communications Corp	$0	–	-14,932	–	-0.06%	–
DOW	Exit	Dow Chemical Co	$0	–	-3,920	–	-0.16%	–
KO	Exit	Coca Cola Co	$0	–	-5,329	–	-0.16%	–
NBL	Exit	Noble Energy Inc	$0	–	-5,992	–	-0.20%	–
UPS	Exit	United Parcel Service Inc. Class Bcl b	$0	–	-6,078	–	-0.46%	–
NOV	Exit	National Oilwell Varco, Inc	$0	–	-14,857	–	-0.56%	–
APA	Exit	Apache Corp	$0	–	-13,810	–	-0.62%	–

Q2 2015

			Value		Shares		↓ Weighting
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$10,354,000	–	69,037	–	8.02%	–
CZNC	New	Citizens & Northern Corp	$5,631,000	–	274,036	–	4.36%	–
AAPL	New	Apple Computer Inc	$3,279,000	–	26,145	–	2.54%	–
WFC	New	Wells Fargo & Co New	$3,172,000	–	56,396	–	2.46%	–
JPM	New	JPMorgan Chase & Co	$3,100,000	–	45,753	–	2.40%	–
XOM	New	Exxon Mobil Corp	$2,601,000	–	31,258	–	2.01%	–
DHR	New	Danaher Corp	$2,556,000	–	29,863	–	1.98%	–
PG	New	Procter & Gamble Co	$2,304,000	–	29,450	–	1.78%	–
GOOG	New	Google Inc Class Cc	$2,060,000	–	3,957	–	1.60%	–
HD	New	Home Depot Inc	$2,034,000	–	18,299	–	1.58%	–
GE	New	General Elec Co	$2,007,000	–	75,529	–	1.55%	–
NKE	New	Nike, Inc. Class Bb	$1,988,000	–	18,407	–	1.54%	–
BCR	New	Bard C R Inc	$1,974,000	–	11,567	–	1.53%	–
C	New	Citigroup Inc Common New	$1,964,000	–	35,551	–	1.52%	–
DIS	New	Disney Walt Co	$1,936,000	–	16,960	–	1.50%	–
VZ	New	Verizon Communications	$1,880,000	–	40,336	–	1.46%	–
SLB	New	Schlumberger Ltd	$1,771,000	–	20,549	–	1.37%	–
ORCL	New	Oracle Corp	$1,746,000	–	43,329	–	1.35%	–
CVX	New	Chevron Corp	$1,744,000	–	18,076	–	1.35%	–
ETN	New	Eaton Corp	$1,700,000	–	25,196	–	1.32%	–
ESRX	New	Express Scripts Holding Co.	$1,684,000	–	18,932	–	1.30%	–
PFE	New	Pfizer Inc	$1,648,000	–	49,162	–	1.28%	–
MRK	New	Merck & Co Inc New	$1,619,000	–	28,445	–	1.25%	–
CVS	New	CVS Health Corporation	$1,606,000	–	15,315	–	1.24%	–
QCOM	New	Qualcomm Inc	$1,590,000	–	25,380	–	1.23%	–
MCD	New	McDonalds Corp	$1,579,000	–	16,606	–	1.22%	–
SBUX	New	Starbucks Corp	$1,490,000	–	27,786	–	1.15%	–
FNB	New	FNB Corporation	$1,482,000	–	103,474	–	1.15%	–
MET	New	Metlife Inc	$1,403,000	–	25,051	–	1.09%	–
BAX	New	Baxter Intl Inc	$1,396,000	–	19,960	–	1.08%	–
MDLZ	New	Mondelez Intl Inc Class Acl a	$1,357,000	–	32,989	–	1.05%	–
ALTR	New	Altera Corp	$1,324,000	–	25,859	–	1.02%	–
JNJ	New	Johnson & Johnson	$1,320,000	–	13,540	–	1.02%	–
EMC	New	E M C Corp Mass	$1,317,000	–	49,912	–	1.02%	–
AMGN	New	Amgen Inc	$1,258,000	–	8,194	–	0.97%	–
MSFT	New	Microsoft Corp	$1,220,000	–	27,635	–	0.94%	–
FOXA	New	Twenty-First Century Fox Inc Class Acl a	$1,179,000	–	36,220	–	0.91%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$1,170,000	–	10,707	–	0.91%	–
PCP	New	Precision Castparts Corp Common	$1,159,000	–	5,799	–	0.90%	–
CRM	New	Salesforce.Com	$1,157,000	–	16,610	–	0.90%	–
SCHW	New	Charles Schwab Corp	$1,047,000	–	32,077	–	0.81%	–
AXP	New	American Express Co	$1,007,000	–	12,962	–	0.78%	–
DKS	New	Dicks Sporting Goods Inc	$1,004,000	–	19,395	–	0.78%	–
PEP	New	Pepsico Inc	$989,000	–	10,591	–	0.77%	–
CSCO	New	Cisco Systems Inc	$980,000	–	35,681	–	0.76%	–
CME	New	CME Group Inc	$978,000	–	10,505	–	0.76%	–
ABT	New	Abbott Labs	$935,000	–	19,058	–	0.72%	–
GILD	New	Gilead Sciences Inc	$923,000	–	7,880	–	0.72%	–
TGT	New	Target Corp	$917,000	–	11,233	–	0.71%	–
COST	New	Costco Wholesale Corp (New)	$899,000	–	6,654	–	0.70%	–
AMT	New	American Tower REIT Inc	$886,000	–	9,493	–	0.69%	–
ICE	New	Intercontinental Exchange Inc Common	$872,000	–	3,898	–	0.68%	–
BLK	New	Blackrock, Inc.	$863,000	–	2,493	–	0.67%	–
T	New	AT&T Inc	$847,000	–	23,841	–	0.66%	–
ACN	New	Accenture PLC	$833,000	–	8,609	–	0.64%	–
CAH	New	Cardinal Health Inc	$827,000	–	9,888	–	0.64%	–
INTC	New	Intel Corp	$816,000	–	26,828	–	0.63%	–
VSS	New	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$806,000	–	7,904	–	0.62%	–
PX	New	Praxair Inc	$801,000	–	6,696	–	0.62%	–
APA	New	Apache Corp	$796,000	–	13,810	–	0.62%	–
VFC	New	V F Corp	$787,000	–	11,280	–	0.61%	–
NUE	New	Nucor Corp	$784,000	–	17,785	–	0.61%	–
IBM	New	International Business Machines	$782,000	–	4,809	–	0.61%	–
DRI	New	Darden Restaurants Inc	$780,000	–	10,980	–	0.60%	–
WBA	New	Walgreens Boots Alliance Inc	$771,000	–	9,129	–	0.60%	–
BEN	New	Franklin Resources Inc	$771,000	–	15,725	–	0.60%	–
TJX	New	Tjx Companies (New)	$759,000	–	11,476	–	0.59%	–
ATVI	New	Activision Blizzard Inc Common	$745,000	–	30,752	–	0.58%	–
TROW	New	T. Rowe Price Group, Inc.	$741,000	–	9,533	–	0.57%	–
UNH	New	Unitedhealth Group, Inc.	$738,000	–	6,046	–	0.57%	–
BHI	New	Baker Hughes Inc	$738,000	–	11,960	–	0.57%	–
GD	New	General Dynamics Corp	$736,000	–	5,195	–	0.57%	–
ADP	New	Automatic Data Processing	$730,000	–	9,102	–	0.56%	–
YUM	New	YUM Brands Inc	$720,000	–	7,998	–	0.56%	–
NOV	New	National Oilwell Varco, Inc	$717,000	–	14,857	–	0.56%	–
KSS	New	Kohls Corp	$697,000	–	11,130	–	0.54%	–
NSC	New	Norfolk Southern Corp	$678,000	–	7,762	–	0.52%	–
XLU	New	Utilities Select Sector SPDRsbi int-utils	$673,000	–	16,239	–	0.52%	–
MCHP	New	Microchip Technology Inc	$662,000	–	13,969	–	0.51%	–
MDT	New	Medtronic PLC	$661,000	–	8,924	–	0.51%	–
ECL	New	Ecolab Inc.	$645,000	–	5,705	–	0.50%	–
SYK	New	Stryker Corp	$629,000	–	6,586	–	0.49%	–
GLW	New	Corning Inc	$613,000	–	31,062	–	0.48%	–
FITB	New	Fifth Third Bancorp	$601,000	–	28,880	–	0.46%	–
UPS	New	United Parcel Service Inc. Class Bcl b	$589,000	–	6,078	–	0.46%	–
PFIS	New	PEOPLES FINANCIAL SERVICES	$577,000	–	14,555	–	0.45%	–
CL	New	Colgate Palmolive Co	$571,000	–	8,730	–	0.44%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$544,000	–	2,625	–	0.42%	–
EXPD	New	Expeditors Intl Wash Inc	$541,000	–	11,726	–	0.42%	–
VWO	New	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$523,000	–	12,788	–	0.40%	–
EXC	New	Exelon Corp	$518,000	–	16,497	–	0.40%	–
TDC	New	Teradata Corp Del	$509,000	–	13,744	–	0.39%	–
GWW	New	W W Grainger Inc	$503,000	–	2,125	–	0.39%	–
MMM	New	3M Company	$492,000	–	3,190	–	0.38%	–
WMT	New	Wal-Mart Stores Inc	$492,000	–	6,933	–	0.38%	–
SYY	New	SYSCO Corp	$478,000	–	13,247	–	0.37%	–
AWK	New	American Water Works Co Inc New	$434,000	–	8,928	–	0.34%	–
PM	New	Phillip Morris International Inc	$380,000	–	4,740	–	0.29%	–
MO	New	Altria Group Inc	$376,000	–	7,696	–	0.29%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$356,000	–	13,441	–	0.28%	–
MTB	New	M & T Bank Corp	$352,000	–	2,818	–	0.27%	–
SEIC	New	SEI Investment Company	$276,000	–	5,630	–	0.21%	–
NWFL	New	NORWOOD FINANCIAL CORP	$262,000	–	8,919	–	0.20%	–
NBL	New	Noble Energy Inc	$256,000	–	5,992	–	0.20%	–
VNQ	New	Vanguard REIT Index ETFreit etf	$224,000	–	3,000	–	0.17%	–
KO	New	Coca Cola Co	$209,000	–	5,329	–	0.16%	–
UVSP	New	UNIVEST CORP OF PA	$204,000	–	10,000	–	0.16%	–
DOW	New	Dow Chemical Co	$201,000	–	3,920	–	0.16%	–
WVFC	New	WVS FINANCIAL CORP	$128,000	–	10,859	–	0.10%	–
TRVN	New	Trevena Inc.	$125,000	–	20,000	–	0.10%	–
FTR	New	Frontier Communications Corp	$74,000	–	14,932	–	0.06%	–

Q4 2014

			Value		Shares		↓ Weighting
FTR	Exit	Frontier Communications Corp	$0	–	-15,630	–	-0.08%	–
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-10,859	–	-0.10%	–
UVSP	Exit	UNIVEST CORP OF PA	$0	–	-10,000	–	-0.15%	–
NFG	Exit	National Fuel Gas Co N J	$0	–	-2,904	–	-0.16%	–
DOW	Exit	Dow Chemical Co	$0	–	-3,920	–	-0.17%	–
VNQ	Exit	Vanguard REIT Index ETFreit etf	$0	–	-3,000	–	-0.18%	–
SEIC	Exit	SEI Investment Company	$0	–	-5,977	–	-0.18%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p500 etf	$0	–	-1,134	–	-0.18%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-8,352	–	-0.19%	–
TRVN	Exit	Trevena Inc.	$0	–	-40,000	–	-0.21%	–
MRK	Exit	Merck & Co Inc New	$0	–	-4,962	–	-0.24%	–
HD	Exit	Home Depot Inc	$0	–	-3,509	–	-0.26%	–
NWFL	Exit	NORWOOD FINANCIAL CORP	$0	–	-11,419	–	-0.26%	–
DIS	Exit	Disney Walt Co	$0	–	-3,900	–	-0.28%	–
MO	Exit	Altria Group Inc	$0	–	-7,768	–	-0.29%	–
MTB	Exit	M & T Bank Corp	$0	–	-3,156	–	-0.32%	–
PM	Exit	Phillip Morris International Inc	$0	–	-4,919	–	-0.33%	–
PFE	Exit	Pfizer Inc	$0	–	-14,198	–	-0.34%	–
MMM	Exit	3M Company	$0	–	-3,128	–	-0.36%	–
VWO	Exit	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$0	–	-12,788	–	-0.43%	–
GLW	Exit	Corning Inc	$0	–	-29,046	–	-0.46%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-28,880	–	-0.47%	–
PFIS	Exit	PEOPLES FINANCIAL SERVICES	$0	–	-14,555	–	-0.54%	–
VSS	Exit	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$0	–	-7,904	–	-0.65%	–
GE	Exit	General Elec Co	$0	–	-32,848	–	-0.68%	–
ETN	Exit	Eaton Corp	$0	–	-18,424	–	-0.95%	–
CVX	Exit	Chevron Corp	$0	–	-10,313	–	-1.00%	–
WAG	Exit	Walgreen Co	$0	–	-21,198	–	-1.02%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-17,121	–	-1.06%	–
SYY	Exit	SYSCO Corp	$0	–	-34,716	–	-1.07%	–
FNB	Exit	FNB Corporation	$0	–	-111,077	–	-1.08%	–
TLM	Exit	Talisman Energy Inc	$0	–	-156,438	–	-1.10%	–
CL	Exit	Colgate Palmolive Co	$0	–	-21,145	–	-1.12%	–
EXPD	Exit	Expeditors Intl Wash Inc	$0	–	-34,796	–	-1.14%	–
VZ	Exit	Verizon Communications	$0	–	-29,754	–	-1.20%	–
ALTR	Exit	Altera Corp	$0	–	-42,204	–	-1.22%	–
GWW	Exit	W W Grainger Inc	$0	–	-6,082	–	-1.24%	–
YUM	Exit	YUM Brands Inc	$0	–	-21,616	–	-1.26%	–
MCD	Exit	McDonalds Corp	$0	–	-16,748	–	-1.29%	–
UPS	Exit	United Parcel Service Inc. Class Bcl b	$0	–	-16,180	–	-1.29%	–
DHR	Exit	Danaher Corp	$0	–	-21,076	–	-1.30%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-31,366	–	-1.31%	–
SYK	Exit	Stryker Corp	$0	–	-20,137	–	-1.32%	–
QCOM	Exit	Qualcomm Inc	$0	–	-22,312	–	-1.35%	–
T	Exit	AT&T Inc	$0	–	-48,499	–	-1.38%	–
NBL	Exit	Noble Energy Inc	$0	–	-25,039	–	-1.39%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-36,370	–	-1.39%	–
TJX	Exit	Tjx Companies (New)	$0	–	-29,453	–	-1.41%	–
ORCL	Exit	Oracle Corp	$0	–	-45,858	–	-1.42%	–
GD	Exit	General Dynamics Corp	$0	–	-13,841	–	-1.42%	–
TGT	Exit	Target Corp	$0	–	-28,220	–	-1.43%	–
ECL	Exit	Ecolab Inc.	$0	–	-15,455	–	-1.44%	–
UNH	Exit	Unitedhealth Group, Inc.	$0	–	-20,605	–	-1.44%	–
ACN	Exit	Accenture PLC	$0	–	-21,878	–	-1.44%	–
SLB	Exit	Schlumberger Ltd	$0	–	-17,638	–	-1.45%	–
XLU	Exit	Utilities Select Sector SPDRsbi int-utils	$0	–	-43,852	–	-1.50%	–
BCR	Exit	Bard C R Inc	$0	–	-12,986	–	-1.50%	–
PEP	Exit	Pepsico Inc	$0	–	-19,931	–	-1.50%	–
PX	Exit	Praxair Inc	$0	–	-14,478	–	-1.51%	–
BHI	Exit	Baker Hughes Inc	$0	–	-28,908	–	-1.52%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-75,967	–	-1.55%	–
ADP	Exit	Automatic Data Processing	$0	–	-23,029	–	-1.55%	–
ABT	Exit	Abbott Labs	$0	–	-48,359	–	-1.63%	–
CAH	Exit	Cardinal Health Inc	$0	–	-27,466	–	-1.67%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-23,194	–	-1.68%	–
F113PS	Exit	Covidien PLC Common Shares	$0	–	-23,966	–	-1.68%	–
TROW	Exit	T. Rowe Price Group, Inc.	$0	–	-27,266	–	-1.73%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-35,961	–	-1.75%	–
IBM	Exit	International Business Machines	$0	–	-11,430	–	-1.76%	–
BEN	Exit	Franklin Resources Inc	$0	–	-39,840	–	-1.76%	–
INTC	Exit	Intel Corp	$0	–	-63,468	–	-1.79%	–
BLK	Exit	Blackrock, Inc.	$0	–	-7,046	–	-1.87%	–
CME	Exit	CME Group Inc	$0	–	-30,078	–	-1.95%	–
PG	Exit	Procter & Gamble Co	$0	–	-28,999	–	-1.97%	–
MSFT	Exit	Microsoft Corp	$0	–	-53,578	–	-2.01%	–
SCHW	Exit	Charles Schwab Corp	$0	–	-85,884	–	-2.04%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-51,878	–	-2.18%	–
JNJ	Exit	Johnson & Johnson	$0	–	-25,746	–	-2.22%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-29,419	–	-2.24%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-241,612	–	-3.72%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-75,202	–	-8.32%	–

Q3 2014

			Value		Shares		↓ Weighting
IJH	Sell	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$10,283,000	-10.6%	75,202	-6.5%	8.32%	-10.1%
CZNC	Buy	Citizens & Northern Corp	$4,591,000	+4.1%	241,612	+6.7%	3.72%	+4.7%
XOM	Sell	Exxon Mobil Corp	$2,767,000	-9.0%	29,419	-2.5%	2.24%	-8.4%
JNJ	Buy	Johnson & Johnson	$2,744,000	+2.1%	25,746	+0.2%	2.22%	+2.8%
WFC	Sell	Wells Fargo & Co New	$2,691,000	-1.5%	51,878	-0.1%	2.18%	-0.9%
SCHW	Sell	Charles Schwab Corp	$2,524,000	+8.7%	85,884	-0.4%	2.04%	+9.4%
MSFT	Sell	Microsoft Corp	$2,484,000	+10.2%	53,578	-0.9%	2.01%	+10.8%
PG	Buy	Procter & Gamble Co	$2,428,000	+7.0%	28,999	+0.5%	1.97%	+7.7%
CME	Buy	CME Group Inc	$2,405,000	+13.3%	30,078	+0.5%	1.95%	+14.0%
BLK	Sell	Blackrock, Inc.	$2,313,000	+2.6%	7,046	-0.1%	1.87%	+3.2%
INTC	Sell	Intel Corp	$2,210,000	+10.8%	63,468	-1.6%	1.79%	+11.5%
BEN	Buy	Franklin Resources Inc	$2,176,000	-5.4%	39,840	+0.2%	1.76%	-4.9%
IBM	Buy	International Business Machines	$2,170,000	+5.9%	11,430	+1.1%	1.76%	+6.5%
JPM	Buy	JPMorgan Chase & Co	$2,166,000	+9.8%	35,961	+5.1%	1.75%	+10.5%
TROW	Buy	T. Rowe Price Group, Inc.	$2,138,000	-6.6%	27,266	+0.5%	1.73%	-6.0%
F113PS	Sell	Covidien PLC Common Shares	$2,073,000	-5.2%	23,966	-1.2%	1.68%	-4.7%
NKE	Sell	Nike, Inc. Class Bcl b	$2,069,000	+14.2%	23,194	-0.8%	1.68%	+14.9%
CAH	Sell	Cardinal Health Inc	$2,058,000	+8.5%	27,466	-0.7%	1.67%	+9.1%
ABT	Sell	Abbott Labs	$2,011,000	+1.4%	48,359	-0.3%	1.63%	+1.9%
ADP	Sell	Automatic Data Processing	$1,913,000	+4.1%	23,029	-0.7%	1.55%	+4.7%
CSCO	Buy	Cisco Systems Inc	$1,912,000	+1.6%	75,967	+0.3%	1.55%	+2.2%
BHI	Sell	Baker Hughes Inc	$1,881,000	-13.1%	28,908	-0.5%	1.52%	-12.5%
PX	Sell	Praxair Inc	$1,868,000	-4.4%	14,478	-1.6%	1.51%	-3.8%
PEP	Sell	Pepsico Inc	$1,855,000	+3.5%	19,931	-0.7%	1.50%	+4.1%
BCR	Sell	Bard C R Inc	$1,853,000	-0.3%	12,986	-0.1%	1.50%	+0.3%
XLU	Sell	Utilities Select Sector SPDRsbi int-utils	$1,846,000	-5.5%	43,852	-0.7%	1.50%	-4.9%
SLB	Sell	Schlumberger Ltd	$1,794,000	-13.9%	17,638	-0.2%	1.45%	-13.4%
ACN	Sell	Accenture PLC	$1,779,000	+0.5%	21,878	-0.1%	1.44%	+1.1%
UNH	Buy	Unitedhealth Group, Inc.	$1,777,000	+10.9%	20,605	+5.1%	1.44%	+11.6%
ECL	Sell	Ecolab Inc.	$1,775,000	+2.1%	15,455	-1.0%	1.44%	+2.7%
TGT	Buy	Target Corp	$1,769,000	+8.5%	28,220	+0.2%	1.43%	+9.1%
GD	Sell	General Dynamics Corp	$1,759,000	+7.6%	13,841	-1.3%	1.42%	+8.3%
ORCL	Buy	Oracle Corp	$1,755,000	-3.1%	45,858	+2.6%	1.42%	-2.5%
TJX	Sell	Tjx Companies (New)	$1,743,000	+11.3%	29,453	-0.1%	1.41%	+12.0%
MCHP	Sell	Microchip Technology Inc	$1,718,000	-4.1%	36,370	-0.9%	1.39%	-3.5%
NBL	Buy	Noble Energy Inc	$1,712,000	-11.5%	25,039	+0.3%	1.39%	-10.9%
T	Buy	AT&T Inc	$1,709,000	+1.5%	48,499	+1.9%	1.38%	+2.2%
QCOM	Sell	Qualcomm Inc	$1,668,000	-6.0%	22,312	-0.4%	1.35%	-5.5%
SYK	Buy	Stryker Corp	$1,626,000	+1.1%	20,137	+5.6%	1.32%	+1.7%
DRI	Buy	Darden Restaurants Inc	$1,614,000	+11.7%	31,366	+0.5%	1.31%	+12.4%
DHR	Sell	Danaher Corp	$1,601,000	-3.7%	21,076	-0.2%	1.30%	-3.1%
UPS	Sell	United Parcel Service Inc. Class Bcl b	$1,590,000	-4.3%	16,180	-0.0%	1.29%	-3.7%
MCD	Buy	McDonalds Corp	$1,588,000	-5.1%	16,748	+0.8%	1.29%	-4.5%
YUM	Buy	YUM Brands Inc	$1,556,000	-11.2%	21,616	+0.1%	1.26%	-10.7%
GWW	Buy	W W Grainger Inc	$1,531,000	-0.5%	6,082	+0.5%	1.24%	+0.2%
ALTR	Buy	Altera Corp	$1,510,000	+4.2%	42,204	+1.3%	1.22%	+4.9%
VZ	Buy	Verizon Communications	$1,487,000	+3.8%	29,754	+1.6%	1.20%	+4.5%
EXPD	Buy	Expeditors Intl Wash Inc	$1,412,000	-6.8%	34,796	+1.4%	1.14%	-6.2%
CL	Sell	Colgate Palmolive Co	$1,379,000	-4.4%	21,145	-0.1%	1.12%	-3.9%
TLM	Buy	Talisman Energy Inc	$1,353,000	-17.3%	156,438	+1.3%	1.10%	-16.9%
SYY	Sell	SYSCO Corp	$1,317,000	+0.7%	34,716	-0.6%	1.07%	+1.2%
WMT	Buy	Wal-Mart Stores Inc	$1,309,000	+3.0%	17,121	+1.1%	1.06%	+3.6%
WAG	Sell	Walgreen Co	$1,256,000	-20.9%	21,198	-1.0%	1.02%	-20.4%
CVX	Buy	Chevron Corp	$1,231,000	-3.1%	10,313	+6.0%	1.00%	-2.4%
ETN	Buy	Eaton Corp	$1,168,000	-17.3%	18,424	+0.6%	0.95%	-16.8%
GE	Buy	General Elec Co	$842,000	+6.9%	32,848	+9.5%	0.68%	+7.6%
VSS	Buy	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$807,000	-0.4%	7,904	+8.5%	0.65%	+0.2%
PFIS	New	PEOPLES FINANCIAL SERVICES	$669,000	–	14,555	–	0.54%	–
GLW	Buy	Corning Inc	$562,000	-10.9%	29,046	+1.0%	0.46%	-10.4%
VWO	Buy	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$533,000	-0.4%	12,788	+3.0%	0.43%	+0.2%
MMM	Buy	3M Company	$443,000	+11.0%	3,128	+12.2%	0.36%	+11.8%
PFE	Buy	Pfizer Inc	$420,000	+7.1%	14,198	+7.6%	0.34%	+7.9%
PM	Sell	Phillip Morris International Inc	$410,000	-3.5%	4,919	-2.4%	0.33%	-2.9%
MO	Buy	Altria Group Inc	$357,000	+11.9%	7,768	+2.3%	0.29%	+12.5%
MRK	Buy	Merck & Co Inc New	$294,000	+2.8%	4,962	+0.3%	0.24%	+3.5%
IVV	Sell	iShares Core S&P 500 ETFcore s&p500 etf	$225,000	-8.2%	1,134	-8.9%	0.18%	-7.6%
SEIC	Sell	SEI Investment Company	$216,000	-26.8%	5,977	-33.6%	0.18%	-26.2%

Q2 2014

			Value		Shares		↓ Weighting
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$11,508,000	–	80,434	–	9.26%	–
CZNC	New	Citizens & Northern Corp	$4,412,000	–	226,388	–	3.55%	–
XOM	New	Exxon Mobil Corp	$3,039,000	–	30,183	–	2.45%	–
WFC	New	Wells Fargo & Co New	$2,731,000	–	51,953	–	2.20%	–
JNJ	New	Johnson & Johnson	$2,687,000	–	25,684	–	2.16%	–
SCHW	New	Charles Schwab Corp	$2,323,000	–	86,259	–	1.87%	–
BEN	New	Franklin Resources Inc	$2,301,000	–	39,777	–	1.85%	–
TROW	New	T. Rowe Price Group, Inc.	$2,289,000	–	27,120	–	1.84%	–
PG	New	Procter & Gamble Co	$2,269,000	–	28,866	–	1.83%	–
BLK	New	Blackrock, Inc.	$2,255,000	–	7,056	–	1.82%	–
MSFT	New	Microsoft Corp	$2,255,000	–	54,067	–	1.82%	–
F113PS	New	Covidien PLC Common Shares	$2,187,000	–	24,253	–	1.76%	–
BHI	New	Baker Hughes Inc	$2,164,000	–	29,064	–	1.74%	–
CME	New	CME Group Inc	$2,122,000	–	29,915	–	1.71%	–
SLB	New	Schlumberger Ltd	$2,084,000	–	17,665	–	1.68%	–
IBM	New	International Business Machines	$2,050,000	–	11,308	–	1.65%	–
INTC	New	Intel Corp	$1,994,000	–	64,523	–	1.60%	–
ABT	New	Abbott Labs	$1,984,000	–	48,504	–	1.60%	–
JPM	New	JPMorgan Chase & Co	$1,972,000	–	34,232	–	1.59%	–
PX	New	Praxair Inc	$1,954,000	–	14,713	–	1.57%	–
XLU	New	Utilities Select Sector SPDRsbi int-utils	$1,954,000	–	44,151	–	1.57%	–
NBL	New	Noble Energy Inc	$1,934,000	–	24,967	–	1.56%	–
CAH	New	Cardinal Health Inc	$1,897,000	–	27,665	–	1.53%	–
CSCO	New	Cisco Systems Inc	$1,882,000	–	75,740	–	1.52%	–
BCR	New	Bard C R Inc	$1,859,000	–	13,002	–	1.50%	–
ADP	New	Automatic Data Processing	$1,838,000	–	23,188	–	1.48%	–
NKE	New	Nike, Inc. Class Bcl b	$1,812,000	–	23,372	–	1.46%	–
ORCL	New	Oracle Corp	$1,811,000	–	44,690	–	1.46%	–
PEP	New	Pepsico Inc	$1,793,000	–	20,067	–	1.44%	–
MCHP	New	Microchip Technology Inc	$1,791,000	–	36,703	–	1.44%	–
QCOM	New	Qualcomm Inc	$1,774,000	–	22,402	–	1.43%	–
ACN	New	Accenture PLC	$1,771,000	–	21,904	–	1.42%	–
YUM	New	YUM Brands Inc	$1,753,000	–	21,589	–	1.41%	–
ECL	New	Ecolab Inc.	$1,738,000	–	15,606	–	1.40%	–
T	New	AT&T Inc	$1,683,000	–	47,597	–	1.35%	–
MCD	New	McDonalds Corp	$1,674,000	–	16,616	–	1.35%	–
DHR	New	Danaher Corp	$1,663,000	–	21,124	–	1.34%	–
UPS	New	United Parcel Service Inc. Class Bcl b	$1,662,000	–	16,187	–	1.34%	–
TLM	New	Talisman Energy Inc	$1,636,000	–	154,373	–	1.32%	–
GD	New	General Dynamics Corp	$1,634,000	–	14,018	–	1.32%	–
TGT	New	Target Corp	$1,631,000	–	28,151	–	1.31%	–
SYK	New	Stryker Corp	$1,608,000	–	19,065	–	1.29%	–
UNH	New	Unitedhealth Group, Inc.	$1,603,000	–	19,613	–	1.29%	–
WAG	New	Walgreen Co	$1,588,000	–	21,420	–	1.28%	–
TJX	New	Tjx Companies (New)	$1,566,000	–	29,472	–	1.26%	–
GWW	New	W W Grainger Inc	$1,539,000	–	6,051	–	1.24%	–
EXPD	New	Expeditors Intl Wash Inc	$1,515,000	–	34,311	–	1.22%	–
ALTR	New	Altera Corp	$1,449,000	–	41,674	–	1.17%	–
DRI	New	Darden Restaurants Inc	$1,445,000	–	31,223	–	1.16%	–
CL	New	Colgate Palmolive Co	$1,443,000	–	21,164	–	1.16%	–
VZ	New	Verizon Communications	$1,432,000	–	29,274	–	1.15%	–
FNB	New	FNB Corporation	$1,424,000	–	111,077	–	1.15%	–
ETN	New	Eaton Corp	$1,413,000	–	18,310	–	1.14%	–
SYY	New	SYSCO Corp	$1,308,000	–	34,920	–	1.05%	–
WMT	New	Wal-Mart Stores Inc	$1,271,000	–	16,928	–	1.02%	–
CVX	New	Chevron Corp	$1,270,000	–	9,731	–	1.02%	–
VSS	New	Vanguard FTSE All-World Ex-US Small Cap Indexftse smcap etf	$810,000	–	7,288	–	0.65%	–
GE	New	General Elec Co	$788,000	–	29,999	–	0.63%	–
GLW	New	Corning Inc	$631,000	–	28,746	–	0.51%	–
FITB	New	Fifth Third Bancorp	$617,000	–	28,880	–	0.50%	–
VWO	New	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$535,000	–	12,413	–	0.43%	–
PM	New	Phillip Morris International Inc	$425,000	–	5,040	–	0.34%	–
MMM	New	3M Company	$399,000	–	2,789	–	0.32%	–
MTB	New	M & T Bank Corp	$392,000	–	3,156	–	0.32%	–
PFE	New	Pfizer Inc	$392,000	–	13,198	–	0.32%	–
DIS	New	Disney Walt Co	$334,000	–	3,900	–	0.27%	–
NWFL	New	NORWOOD FINANCIAL CORP	$325,000	–	11,419	–	0.26%	–
MO	New	Altria Group Inc	$319,000	–	7,595	–	0.26%	–
SEIC	New	SEI Investment Company	$295,000	–	8,999	–	0.24%	–
MRK	New	Merck & Co Inc New	$286,000	–	4,945	–	0.23%	–
HD	New	Home Depot Inc	$284,000	–	3,509	–	0.23%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$247,000	–	8,352	–	0.20%	–
IVV	New	iShares Core S&P 500 ETFcore s&p500 etf	$245,000	–	1,245	–	0.20%	–
NFG	New	National Fuel Gas Co N J	$227,000	–	2,904	–	0.18%	–
TRVN	New	Trevena Inc.	$226,000	–	40,000	–	0.18%	–
VNQ	New	Vanguard REIT Index ETFreit etf	$225,000	–	3,000	–	0.18%	–
UVSP	New	UNIVEST CORP OF PA	$207,000	–	10,000	–	0.17%	–
DOW	New	Dow Chemical Co	$202,000	–	3,920	–	0.16%	–
WVFC	New	WVS FINANCIAL CORP	$118,000	–	10,859	–	0.10%	–
FTR	New	Frontier Communications Corp	$91,000	–	15,630	–	0.07%	–

Q4 2013

			Value		Shares		↓ Weighting
WVFC	Exit	WVS FINANCIAL CORP	$0	–	-10,859	–	-0.10%	–
UVSP	Exit	UNIVEST CORP OF PA	$0	–	-10,000	–	-0.15%	–
MRK	Exit	Merck & Co Inc New	$0	–	-4,245	–	-0.16%	–
ORI	Exit	Old Republic International Corp	$0	–	-15,675	–	-0.20%	–
DIS	Exit	Disney Walt Co	$0	–	-3,900	–	-0.20%	–
HD	Exit	Home Depot Inc	$0	–	-3,405	–	-0.21%	–
MO	Exit	Altria Group Inc	$0	–	-7,533	–	-0.21%	–
NFG	Exit	National Fuel Gas Co N J	$0	–	-4,014	–	-0.22%	–
CHMG	Exit	CHEMUNG FINANCIAL CORP	$0	–	-8,352	–	-0.23%	–
NWFL	Exit	NORWOOD FINANCIAL CORP	$0	–	-11,419	–	-0.27%	–
MTB	Exit	M & T Bank Corp	$0	–	-3,155	–	-0.29%	–
PFE	Exit	Pfizer Inc	$0	–	-12,298	–	-0.29%	–
MMM	Exit	3M Company	$0	–	-3,090	–	-0.30%	–
GLW	Exit	Corning Inc	$0	–	-30,002	–	-0.36%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-28,880	–	-0.42%	–
PM	Exit	Phillip Morris International Inc	$0	–	-6,103	–	-0.43%	–
ETN	Exit	Eaton Corp	$0	–	-10,475	–	-0.58%	–
GE	Exit	General Elec Co	$0	–	-34,759	–	-0.67%	–
SYY	Exit	SYSCO Corp	$0	–	-37,513	–	-0.97%	–
CVX	Exit	Chevron Corp	$0	–	-9,868	–	-0.97%	–
T	Exit	AT&T Inc	$0	–	-35,668	–	-0.98%	–
VWO	Exit	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$0	–	-30,819	–	-1.00%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-17,638	–	-1.06%	–
VZ	Exit	Verizon Communications	$0	–	-28,649	–	-1.08%	–
CL	Exit	Colgate Palmolive Co	$0	–	-23,107	–	-1.11%	–
EXPD	Exit	Expeditors Intl Wash Inc	$0	–	-31,549	–	-1.13%	–
DRI	Exit	Darden Restaurants Inc	$0	–	-30,093	–	-1.13%	–
TLM	Exit	Talisman Energy Inc	$0	–	-124,491	–	-1.16%	–
TEVA	Exit	Teva Pharmaceutical Inds Ltd Adradr	$0	–	-37,946	–	-1.16%	–
F113PS	Exit	Covidien PLC Common Shares	$0	–	-24,263	–	-1.20%	–
UPS	Exit	United Parcel Service Inc. Class Bcl b	$0	–	-16,214	–	-1.20%	–
DHR	Exit	Danaher Corp	$0	–	-21,495	–	-1.21%	–
GD	Exit	General Dynamics Corp	$0	–	-17,035	–	-1.21%	–
GWW	Exit	W W Grainger Inc	$0	–	-5,761	–	-1.22%	–
SU	Exit	Suncor Energy Inc New Common	$0	–	-43,094	–	-1.25%	–
MCD	Exit	McDonalds Corp	$0	–	-16,085	–	-1.25%	–
YUM	Exit	YUM Brands Inc	$0	–	-21,835	–	-1.26%	–
BCR	Exit	Bard C R Inc	$0	–	-13,567	–	-1.27%	–
ABT	Exit	Abbott Labs	$0	–	-47,048	–	-1.27%	–
FNB	Exit	FNB Corporation	$0	–	-131,223	–	-1.29%	–
WAG	Exit	Walgreen Co	$0	–	-29,861	–	-1.30%	–
ECL	Exit	Ecolab Inc.	$0	–	-16,450	–	-1.32%	–
ALTR	Exit	Altera Corp	$0	–	-44,135	–	-1.33%	–
TGT	Exit	Target Corp	$0	–	-25,820	–	-1.34%	–
BHI	Exit	Baker Hughes Inc	$0	–	-33,733	–	-1.34%	–
SLB	Exit	Schlumberger Ltd	$0	–	-18,959	–	-1.36%	–
PEP	Exit	Pepsico Inc	$0	–	-21,078	–	-1.36%	–
ORCL	Exit	Oracle Corp	$0	–	-51,147	–	-1.38%	–
CAH	Exit	Cardinal Health Inc	$0	–	-32,898	–	-1.39%	–
NBL	Exit	Noble Energy Inc	$0	–	-25,832	–	-1.40%	–
QCOM	Exit	Qualcomm Inc	$0	–	-25,786	–	-1.41%	–
ACN	Exit	Accenture PLC	$0	–	-23,666	–	-1.41%	–
TROW	Exit	T. Rowe Price Group, Inc.	$0	–	-24,669	–	-1.44%	–
INTC	Exit	Intel Corp	$0	–	-78,350	–	-1.46%	–
PX	Exit	Praxair Inc	$0	–	-15,239	–	-1.48%	–
BLK	Exit	Blackrock, Inc.	$0	–	-6,773	–	-1.48%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-45,761	–	-1.49%	–
TJX	Exit	Tjx Companies (New)	$0	–	-32,793	–	-1.50%	–
XLU	Exit	Utilities Select Sector SPDRsbi int-utils	$0	–	-49,950	–	-1.51%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-79,996	–	-1.52%	–
BEN	Exit	Franklin Resources Inc	$0	–	-37,521	–	-1.54%	–
ADP	Exit	Automatic Data Processing	$0	–	-26,375	–	-1.55%	–
CME	Exit	CME Group Inc	$0	–	-26,430	–	-1.58%	–
SEIC	Exit	SEI Investment Company	$0	–	-63,445	–	-1.59%	–
SCHW	Exit	Charles Schwab Corp	$0	–	-93,247	–	-1.60%	–
NKE	Exit	Nike, Inc. Class Bcl b	$0	–	-27,180	–	-1.60%	–
IBM	Exit	International Business Machines	$0	–	-11,042	–	-1.66%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-49,696	–	-1.66%	–
MSFT	Exit	Microsoft Corp	$0	–	-65,603	–	-1.77%	–
PG	Exit	Procter & Gamble Co	$0	–	-29,882	–	-1.83%	–
JNJ	Exit	Johnson & Johnson	$0	–	-26,133	–	-1.84%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-29,660	–	-2.07%	–
CZNC	Exit	Citizens & Northern Corp	$0	–	-228,301	–	-3.69%	–
IJH	Exit	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$0	–	-170,569	–	-17.16%	–

Q3 2013

			Value		Shares		↓ Weighting
IJH	Sell	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$21,174,000	+6.5%	170,569	-0.9%	17.16%	+3.7%
CZNC	Sell	Citizens & Northern Corp	$4,552,000	+0.4%	228,301	-2.8%	3.69%	-2.3%
XOM	Buy	Exxon Mobil Corp	$2,552,000	+0.4%	29,660	+5.4%	2.07%	-2.3%
JNJ	Buy	Johnson & Johnson	$2,265,000	+4.4%	26,133	+3.4%	1.84%	+1.6%
PG	Buy	Procter & Gamble Co	$2,259,000	+0.8%	29,882	+2.6%	1.83%	-1.9%
MSFT	Buy	Microsoft Corp	$2,183,000	-0.5%	65,603	+3.3%	1.77%	-3.1%
WFC	Buy	Wells Fargo & Co New	$2,053,000	+5.6%	49,696	+5.4%	1.66%	+2.8%
IBM	Buy	International Business Machines	$2,045,000	+4.1%	11,042	+7.4%	1.66%	+1.3%
NKE	Sell	Nike, Inc. Class Bcl b	$1,974,000	+12.8%	27,180	-1.1%	1.60%	+9.8%
SCHW	Sell	Charles Schwab Corp	$1,971,000	-3.0%	93,247	-2.6%	1.60%	-5.6%
SEIC	Buy	SEI Investment Company	$1,961,000	+9.6%	63,445	+0.8%	1.59%	+6.7%
CME	Buy	CME Group Inc	$1,953,000	-2.3%	26,430	+0.4%	1.58%	-4.9%
ADP	Sell	Automatic Data Processing	$1,909,000	+0.3%	26,375	-4.6%	1.55%	-2.3%
BEN	Buy	Franklin Resources Inc	$1,897,000	+27.0%	37,521	+241.7%	1.54%	+23.6%
CSCO	Buy	Cisco Systems Inc	$1,874,000	-3.6%	79,996	+0.2%	1.52%	-6.1%
XLU	Sell	Utilities Select Sector SPDRsbi int-utils	$1,867,000	-2.0%	49,950	-1.3%	1.51%	-4.6%
TJX	Sell	Tjx Companies (New)	$1,849,000	+11.9%	32,793	-0.7%	1.50%	+8.9%
MCHP	Sell	Microchip Technology Inc	$1,844,000	+4.4%	45,761	-3.5%	1.49%	+1.6%
BLK	Buy	Blackrock, Inc.	$1,833,000	+7.4%	6,773	+1.9%	1.48%	+4.5%
PX	Sell	Praxair Inc	$1,832,000	-12.2%	15,239	-15.9%	1.48%	-14.5%
INTC	Buy	Intel Corp	$1,796,000	-2.2%	78,350	+3.3%	1.46%	-4.8%
TROW	Buy	T. Rowe Price Group, Inc.	$1,774,000	+8.2%	24,669	+10.2%	1.44%	+5.4%
ACN	Sell	Accenture PLC	$1,743,000	+2.2%	23,666	-0.2%	1.41%	-0.6%
QCOM	Buy	Qualcomm Inc	$1,736,000	+12.2%	25,786	+1.8%	1.41%	+9.2%
NBL	Sell	Noble Energy Inc	$1,731,000	+7.5%	25,832	-3.7%	1.40%	+4.7%
CAH	Buy	Cardinal Health Inc	$1,716,000	+11.1%	32,898	+0.6%	1.39%	+8.2%
ORCL	Buy	Oracle Corp	$1,697,000	+14.7%	51,147	+6.2%	1.38%	+11.7%
PEP	Buy	Pepsico Inc	$1,676,000	-1.3%	21,078	+1.6%	1.36%	-3.9%
SLB	Sell	Schlumberger Ltd	$1,675,000	+21.8%	18,959	-1.2%	1.36%	+18.5%
BHI	Sell	Baker Hughes Inc	$1,656,000	+5.8%	33,733	-0.6%	1.34%	+3.0%
TGT	Buy	Target Corp	$1,652,000	-0.9%	25,820	+6.7%	1.34%	-3.5%
ALTR	Buy	Altera Corp	$1,640,000	+14.2%	44,135	+1.4%	1.33%	+11.2%
ECL	Sell	Ecolab Inc.	$1,625,000	-17.6%	16,450	-28.9%	1.32%	-19.7%
WAG	Sell	Walgreen Co	$1,607,000	+16.3%	29,861	-4.5%	1.30%	+13.2%
BCR	Sell	Bard C R Inc	$1,563,000	+5.8%	13,567	-0.3%	1.27%	+2.9%
ABT	Buy	Abbott Labs	$1,562,000	-2.6%	47,048	+2.3%	1.27%	-5.2%
YUM	Buy	YUM Brands Inc	$1,559,000	+5.7%	21,835	+2.6%	1.26%	+2.9%
MCD	Buy	McDonalds Corp	$1,548,000	+6.6%	16,085	+9.7%	1.25%	+3.7%
SU	Buy	Suncor Energy Inc New Common	$1,542,000	+22.1%	43,094	+0.6%	1.25%	+18.8%
GWW	Sell	W W Grainger Inc	$1,508,000	-0.2%	5,761	-3.9%	1.22%	-2.9%
GD	Sell	General Dynamics Corp	$1,491,000	+9.1%	17,035	-2.4%	1.21%	+6.2%
DHR	Sell	Danaher Corp	$1,490,000	+8.3%	21,495	-1.1%	1.21%	+5.4%
UPS	Sell	United Parcel Service Inc. Class Bcl b	$1,481,000	+5.5%	16,214	-0.1%	1.20%	+2.7%
F113PS	Buy	Covidien PLC Common Shares	$1,479,000	+1.6%	24,263	+4.8%	1.20%	-1.1%
TEVA	Buy	Teva Pharmaceutical Inds Ltd Adradr	$1,434,000	-0.5%	37,946	+3.2%	1.16%	-3.2%
TLM	Buy	Talisman Energy Inc	$1,432,000	+2.2%	124,491	+1.6%	1.16%	-0.5%
DRI	Buy	Darden Restaurants Inc	$1,393,000	-5.0%	30,093	+3.6%	1.13%	-7.5%
EXPD	Buy	Expeditors Intl Wash Inc	$1,390,000	+17.3%	31,549	+1.3%	1.13%	+14.2%
CL	Buy	Colgate Palmolive Co	$1,370,000	+3.6%	23,107	+0.2%	1.11%	+0.9%
VZ	Sell	Verizon Communications	$1,337,000	-7.5%	28,649	-0.2%	1.08%	-10.0%
WMT	Sell	Wal-Mart Stores Inc	$1,305,000	-1.1%	17,638	-0.5%	1.06%	-3.8%
VWO	Buy	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$1,237,000	+13.4%	30,819	+9.6%	1.00%	+10.4%
T	Sell	AT&T Inc	$1,206,000	-9.0%	35,668	-4.8%	0.98%	-11.5%
CVX	Buy	Chevron Corp	$1,199,000	+14.6%	9,868	+11.6%	0.97%	+11.6%
SYY	Sell	SYSCO Corp	$1,194,000	-7.4%	37,513	-0.6%	0.97%	-9.9%
GE	Buy	General Elec Co	$830,000	+9.4%	34,759	+6.2%	0.67%	+6.5%
ETN	New	Eaton Corp	$721,000	–	10,475	–	0.58%	–
PM	Buy	Phillip Morris International Inc	$528,000	0.0%	6,103	+0.0%	0.43%	-2.7%
GLW	Buy	Corning Inc	$438,000	+7.9%	30,002	+5.3%	0.36%	+5.0%
MMM	Buy	3M Company	$369,000	+27.7%	3,090	+17.1%	0.30%	+24.1%
MO	Buy	Altria Group Inc	$259,000	-1.5%	7,533	+0.0%	0.21%	-4.1%
HD	Buy	Home Depot Inc	$258,000	-1.9%	3,405	+0.1%	0.21%	-4.6%
ORI	Sell	Old Republic International Corp	$241,000	-80.8%	15,675	-83.9%	0.20%	-81.3%
MRK	New	Merck & Co Inc New	$202,000	–	4,245	–	0.16%	–
FTR	Exit	Frontier Communications Corp	$0	–	-21,994	–	-0.07%	–
PWOD	Exit	PENNS WOODS BANCORP INC	$0	–	-7,508	–	-0.26%	–
CHRW	Exit	CH Robinson Worldwide	$0	–	-19,422	–	-0.91%	–

Q2 2013

			Value		Shares		↓ Weighting
IJH	New	iShares S&P MidCap 400 Index Fdcore s&p mcp etf	$19,874,000	–	172,071	–	16.54%	–
CZNC	New	Citizens & Northern Corp	$4,536,000	–	234,790	–	3.78%	–
XOM	New	Exxon Mobil Corp	$2,542,000	–	28,138	–	2.12%	–
PG	New	Procter & Gamble Co	$2,242,000	–	29,118	–	1.87%	–
MSFT	New	Microsoft Corp	$2,193,000	–	63,487	–	1.83%	–
JNJ	New	Johnson & Johnson	$2,169,000	–	25,267	–	1.81%	–
PX	New	Praxair Inc	$2,086,000	–	18,113	–	1.74%	–
SCHW	New	Charles Schwab Corp	$2,032,000	–	95,734	–	1.69%	–
CME	New	CME Group Inc	$1,999,000	–	26,325	–	1.66%	–
ECL	New	Ecolab Inc.	$1,971,000	–	23,136	–	1.64%	–
IBM	New	International Business Machines	$1,965,000	–	10,281	–	1.64%	–
WFC	New	Wells Fargo & Co New	$1,945,000	–	47,136	–	1.62%	–
CSCO	New	Cisco Systems Inc	$1,943,000	–	79,849	–	1.62%	–
XLU	New	Utilities Select Sector SPDRsbi int-utils	$1,905,000	–	50,626	–	1.59%	–
ADP	New	Automatic Data Processing	$1,903,000	–	27,639	–	1.58%	–
INTC	New	Intel Corp	$1,837,000	–	75,816	–	1.53%	–
SEIC	New	SEI Investment Company	$1,789,000	–	62,922	–	1.49%	–
MCHP	New	Microchip Technology Inc	$1,766,000	–	47,419	–	1.47%	–
NKE	New	Nike, Inc. Class Bcl b	$1,750,000	–	27,476	–	1.46%	–
BLK	New	Blackrock, Inc.	$1,707,000	–	6,646	–	1.42%	–
ACN	New	Accenture PLC	$1,706,000	–	23,704	–	1.42%	–
PEP	New	Pepsico Inc	$1,698,000	–	20,756	–	1.41%	–
TGT	New	Target Corp	$1,667,000	–	24,210	–	1.39%	–
TJX	New	Tjx Companies (New)	$1,652,000	–	33,009	–	1.38%	–
TROW	New	T. Rowe Price Group, Inc.	$1,639,000	–	22,394	–	1.36%	–
NBL	New	Noble Energy Inc	$1,610,000	–	26,820	–	1.34%	–
ABT	New	Abbott Labs	$1,604,000	–	46,000	–	1.34%	–
FNB	New	FNB Corporation	$1,585,000	–	131,223	–	1.32%	–
BHI	New	Baker Hughes Inc	$1,565,000	–	33,930	–	1.30%	–
QCOM	New	Qualcomm Inc	$1,547,000	–	25,330	–	1.29%	–
CAH	New	Cardinal Health Inc	$1,544,000	–	32,711	–	1.28%	–
GWW	New	W W Grainger Inc	$1,511,000	–	5,993	–	1.26%	–
BEN	New	Franklin Resources Inc	$1,494,000	–	10,981	–	1.24%	–
ORCL	New	Oracle Corp	$1,479,000	–	48,171	–	1.23%	–
BCR	New	Bard C R Inc	$1,478,000	–	13,602	–	1.23%	–
YUM	New	YUM Brands Inc	$1,475,000	–	21,276	–	1.23%	–
DRI	New	Darden Restaurants Inc	$1,466,000	–	29,045	–	1.22%	–
F113PS	New	Covidien PLC Common Shares	$1,455,000	–	23,153	–	1.21%	–
MCD	New	McDonalds Corp	$1,452,000	–	14,662	–	1.21%	–
VZ	New	Verizon Communications	$1,445,000	–	28,703	–	1.20%	–
TEVA	New	Teva Pharmaceutical Inds Ltd Adradr	$1,441,000	–	36,758	–	1.20%	–
ALTR	New	Altera Corp	$1,436,000	–	43,537	–	1.20%	–
UPS	New	United Parcel Service Inc. Class Bcl b	$1,404,000	–	16,235	–	1.17%	–
TLM	New	Talisman Energy Inc	$1,401,000	–	122,537	–	1.17%	–
WAG	New	Walgreen Co	$1,382,000	–	31,268	–	1.15%	–
SLB	New	Schlumberger Ltd	$1,375,000	–	19,187	–	1.14%	–
DHR	New	Danaher Corp	$1,376,000	–	21,731	–	1.14%	–
GD	New	General Dynamics Corp	$1,367,000	–	17,452	–	1.14%	–
T	New	AT&T Inc	$1,326,000	–	37,462	–	1.10%	–
CL	New	Colgate Palmolive Co	$1,322,000	–	23,071	–	1.10%	–
WMT	New	Wal-Mart Stores Inc	$1,320,000	–	17,722	–	1.10%	–
SYY	New	SYSCO Corp	$1,289,000	–	37,746	–	1.07%	–
SU	New	Suncor Energy Inc New Common	$1,263,000	–	42,831	–	1.05%	–
ORI	New	Old Republic International Corp	$1,252,000	–	97,267	–	1.04%	–
EXPD	New	Expeditors Intl Wash Inc	$1,185,000	–	31,141	–	0.99%	–
CHRW	New	CH Robinson Worldwide	$1,094,000	–	19,422	–	0.91%	–
VWO	New	Vanguard FTSE Emerging Markets ETFftse emr mkt etf	$1,091,000	–	28,130	–	0.91%	–
CVX	New	Chevron Corp	$1,046,000	–	8,840	–	0.87%	–
GE	New	General Elec Co	$759,000	–	32,719	–	0.63%	–
PM	New	Phillip Morris International Inc	$528,000	–	6,100	–	0.44%	–
FITB	New	Fifth Third Bancorp	$521,000	–	28,880	–	0.43%	–
GLW	New	Corning Inc	$406,000	–	28,502	–	0.34%	–
MTB	New	M & T Bank Corp	$353,000	–	3,155	–	0.29%	–
PFE	New	Pfizer Inc	$344,000	–	12,298	–	0.29%	–
NWFL	New	NORWOOD FINANCIAL CORP	$331,000	–	11,419	–	0.28%	–
PWOD	New	PENNS WOODS BANCORP INC	$314,000	–	7,508	–	0.26%	–
MMM	New	3M Company	$289,000	–	2,639	–	0.24%	–
CHMG	New	CHEMUNG FINANCIAL CORP	$280,000	–	8,352	–	0.23%	–
HD	New	Home Depot Inc	$263,000	–	3,400	–	0.22%	–
MO	New	Altria Group Inc	$263,000	–	7,530	–	0.22%	–
DIS	New	Disney Walt Co	$246,000	–	3,900	–	0.20%	–
NFG	New	National Fuel Gas Co N J	$233,000	–	4,014	–	0.19%	–
UVSP	New	UNIVEST CORP OF PA	$191,000	–	10,000	–	0.16%	–
WVFC	New	WVS FINANCIAL CORP	$124,000	–	10,859	–	0.10%	–
FTR	New	Frontier Communications Corp	$89,000	–	21,994	–	0.07%	–

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