Community Financial System Inc. (CBU)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	7,509,117	$463,162,338	0%
2.	Vanguard Group Inc	6,434,483	$396,878,911	0%
3.	State Street Corp	3,637,573	$226,046,423	0%
4.	Neuberger Berman Group Llc	3,386,352	$208,870,174	0.16%
5.	Morgan Stanley	2,293,842	$141,484,290	0%