CIK: 0000723188
Total reported value
$456.9M
Reporting period: 2014-09-30 · Number of holdings: 534
COMMUNITY BANK SYSTEM, INC. disclosed 534 holdings in its latest 13F filing for the period ending 2014-09-30, with total reported value of $456.9M and a quarterly turnover rate of 6.2%.
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Community Bank System, INC.'s disclosed holdings carry a Herfindahl concentration index of 0.035 — mathematically equivalent to about 28 equally-sized positions, well below its 534 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.54), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 28% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim AMLPUSD
-75.7% -$2.1M
Trim IEFA
-0.0% -$1.4M
Add PM
+1477.7% $1.4M
Add AGG
+15.7% $933.0K
Add MO
+484.8% $788.0K
Add IVV
+0.8% $610.0K
Showing top 200 holdings (of 534 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CBU | Community Financial System I | Stock-Other | 12.42% | -0.02% | +7.24% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 9.11% | +0.16% | +0.84% | |
| 3 | IBM | Intl Business Machines CORP | Stock-Tech | 5.88% | +0.15% | -2.39% | |
| 4 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 4.61% | -0.30% | -0.02% | |
| 5 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 1.92% | -0.06% | -0.10% | |
| 6 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.83% | -0.08% | -0.07% | |
| 7 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 1.79% | — | -0.10% | |
| 8 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.79% | -0.13% | -0.25% | |
| 9 | XOM | Exxon Mobil CORP | Stock-Energy | 1.79% | -0.15% | -1.57% | |
| 10 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.71% | — | -2.49% | |
| 11 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 1.53% | +0.21% | +15.70% | |
| 12 | IWF | Ishares Russell 1000 Growth | ETF-Other | 1.36% | — | -0.28% | |
| 13 | T | At&t INC | Stock-Comm Services | 1.35% | — | -0.55% | |
| 14 | IWD | Ishares Russell 1000 Value E | ETF-Other | 1.27% | — | -0.63% | |
| 15 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.25% | +0.06% | -1.55% | |
| 16 | VZ | Verizon Communications INC | Stock-Comm Services | 1.21% | +0.04% | +1.11% | |
| 17 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 1.17% | — | +0.53% | |
| 18 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.17% | — | -0.43% | |
| 19 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.16% | — | -0.09% | |
| 20 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 1.13% | — | +0.03% | |
| 21 | PEP | Pepsico INC | Stock-Consumer Staples | 1.10% | — | -1.36% | |
| 22 | MMM | 3m Co | Stock-Industrials | 1.09% | -0.07% | -6.04% | |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.08% | — | -2.05% | |
| 24 | INTC | Intel CORP | Stock-Tech | 1.05% | +0.11% | -1.44% | |
| 25 | MDY | State Street Spdr S&p Midcap | ETF-Other | 1.02% | -0.05% | -0.85% | |
| 26 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.98% | — | +0.82% | |
| 27 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.97% | — | -2.53% | |
| 28 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.91% | — | +0.05% | |
| 29 | CVX | Chevron CORP | Stock-Energy | 0.85% | -0.10% | -3.05% | |
| 30 | PFF | Ishares Preferred & Income S | ETF-Other | 0.80% | — | -0.11% | |
| 31 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.79% | — | -1.66% | |
| 32 | EFAV | Ishares Msci Eafe Min Vol Fa | ETF-Other | 0.75% | +0.06% | +13.08% | |
| 33 | EZU | Ishares Msci Eurozone ETF | ETF-Other | 0.69% | — | +5.34% | |
| 34 | ABBV | Abbvie INC | Stock-Healthcare | 0.69% | +0.05% | +5.58% | |
| 35 | MSFT | Microsoft CORP | Stock-Tech | 0.69% | +0.06% | -2.94% | |
| 36 | PEG | Public Service Enterprise Gp | Stock-Utilities | 0.68% | -0.06% | +0.36% | |
| 37 | UTXZ | United Tech CORP | Stock-Other | 0.67% | -0.04% | +2.73% | |
| 38 | ADP | Automatic Data Processing | Stock-Tech | 0.67% | -0.05% | -11.79% | |
| 39 | PFE | Pfizer INC | Stock-Healthcare | 0.64% | +0.10% | +17.04% | |
| 40 | WMT | Walmart INC | Stock-Consumer Staples | 0.64% | — | -4.16% | |
| 41 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.62% | — | — | |
| 42 | COP | Conocophillips | Stock-Energy | 0.62% | -0.04% | +3.33% | |
| 43 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 0.61% | +0.06% | +11.14% | |
| 44 | CSCO | Cisco Systems INC | Stock-Tech | 0.61% | +0.05% | +7.32% | |
| 45 | D | Dominion Energy INC | Stock-Utilities | 0.58% | -0.11% | -12.59% | |
| 46 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.56% | +0.08% | +11.36% | |
| 47 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.55% | -0.04% | -0.63% | |
| 48 | BND | Vanguard Total Bond Market | ETF-Other | 0.55% | — | +2.12% | |
| 49 | SRE | Sempra | Stock-Utilities | 0.53% | — | -5.10% | |
| 50 | ITW | Illinois Tool Works | Stock-Industrials | 0.52% | -0.04% | -3.58% |
Not enough priced holdings yet to compute performance
Community Bank System, INC.'s most significant position changes for 2014-09-30: New buy: Mondelez International Inc-a (MDLZ); New buy: Fortune Brands Innovations I (FBIN); New buy: Vf CORP (VFC); Trim: Alerian Mlp ETF (AMLPUSD) — shares -75.68%; Trim: Ishares Core Msci Eafe ETF (IEFA) — shares -0.02%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PM | Philip Morris International | +0.3% | +1477.73% | Add |
| 2 | AGG | Ishares Core U.s. Aggregate | +0.2% | +15.70% | Add |
| 3 | MO | Altria Group INC | +0.2% | +484.76% | Add |
| 4 | IVV | Ishares Core S&p 500 ETF | +0.2% | +0.84% | Add |
| 5 | IBM | Intl Business Machines CORP | +0.2% | -2.39% | Trim |
| 6 | CMI | Cummins INC | +0.1% | +511.86% | Add |
| 7 | INTC | Intel CORP | +0.1% | -1.44% | Trim |
| 8 | PFE | Pfizer INC | +0.1% | +17.04% | Add |
| 9 | JPM | Jpmorgan Chase & Co | +0.1% | +11.36% | Add |
| 10 | NUE | Nucor CORP | +0.1% | +7.46% | Add |
| 11 | BSV | Vanguard Short-term Bond ETF | +0.1% | +11.14% | Add |
| 12 | PG | Procter & Gamble Co/the | +0.1% | -1.55% | Trim |
| 13 | USB | US Bancorp | +0.1% | +34.72% | Add |
| 14 | EFAV | Ishares Msci Eafe Min Vol Fa | +0.1% | +13.08% | Add |
| 15 | MSFT | Microsoft CORP | +0.1% | -2.94% | Trim |
| 16 | CB | Chubb Limited | +0.1% | +24.83% | Add |
| 17 | MCD | Mcdonald's CORP | +0.1% | +23.55% | Add |
| 18 | ABBV | Abbvie INC | +0.1% | +5.58% | Add |
| 19 | CSCO | Cisco Systems INC | +0.1% | +7.32% | Add |
| 20 | ACWX | Ishares Msci Acwi Ex US ETF | +0.1% | +135.86% | Add |
| 21 | KHC | The Kraft Heinz Company | 0% | +48.46% | Add |
| 22 | VZ | Verizon Communications INC | 0% | +1.11% | Add |
| 23 | WFC | Wells Fargo & Co | 0% | +17.50% | Add |
| 24 | DUK | Du Pont E I De Nemour&Co | 0% | +13.46% | Add |
| 25 | CBU | Community Financial System I | 0% | +7.24% | Add |
| 26 | ✓ | 0% | -3.02% | Trim | |
| 27 | COP | Conocophillips | 0% | +3.33% | Add |
| 28 | UTXZ | United Tech CORP | 0% | +2.73% | Add |
| 29 | NEE | Nextera Energy INC | 0% | -5.08% | Trim |
| 30 | ABT | Abbott Laboratories | 0% | -9.40% | Trim |
| 31 | EFA | Ishares Msci Eafe ETF | 0% | -0.63% | Trim |
| 32 | ITW | Illinois Tool Works | 0% | -3.58% | Trim |
| 33 | MDY | State Street Spdr S&p Midcap | -0.1% | -0.85% | Trim |
| 34 | ADP | Automatic Data Processing | -0.1% | -11.79% | Trim |
| 35 | APD | Air Products & Chemicals INC | -0.1% | -45.35% | Trim |
| 36 | IEMG | Ishares Core Msci Emerging | -0.1% | -0.10% | Trim |
| 37 | PEG | Public Service Enterprise Gp | -0.1% | +0.36% | Add |
| 38 | MMM | 3m Co | -0.1% | -6.04% | Trim |
| 39 | IWS | Ishares Russell Mid-cap Valu | -0.1% | -12.20% | Trim |
| 40 | IJH | Ishares Core S&p Midcap ETF | -0.1% | -0.07% | Trim |
| 41 | NE | Noble Corporation plc | -0.1% | +8.88% | Add |
| 42 | CVX | Chevron CORP | -0.1% | -3.05% | Trim |
| 43 | D | Dominion Energy INC | -0.1% | -12.59% | Trim |
| 44 | IJR | Ishares Core S&p Small-cap E | -0.1% | -0.25% | Trim |
| 45 | XOM | Exxon Mobil CORP | -0.2% | -1.57% | Trim |
| 46 | IEFA | Ishares Core Msci Eafe ETF | -0.3% | -0.02% | Trim |
| 47 | AMLPUSD | Alerian Mlp ETF | -0.5% | -75.68% | Trim |
| 48 | MDLZ | Mondelez International Inc-a | — | NEW | New buy |
| 49 | FBIN | Fortune Brands Innovations I | — | NEW | New buy |
| 50 | VFC | Vf CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2014-09-30 | 2015-02-03 | Amendment | View on EDGAR |
| 2014-09-30 | 2014-10-08 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-25 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-30 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-28 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-19 | Amendment | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-07 | Amendment | View on EDGAR |
| 2013-06-30 | 2013-07-30 | 13F-HR | View on EDGAR |
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