Community Bank System Inc. (CBU)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Blackrock Inc.	7,595,180	$395,784,830	0.01%
2.	Vanguard Group Inc	6,596,018	$343,718,497	0%
3.	State Street Corp	3,829,764	$201,273,163	0%
4.	Neuberger Berman Group Llc	3,157,798	$164,552,854	0.14%
5.	Morgan Stanley	2,125,477	$110,758,690	0%