Community Financial System Inc. (CBU)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	7,598,948	$432,152,157	0.01%
2.	Vanguard Group Inc	6,390,604	$363,433,650	0.01%
3.	Neuberger Berman Group Llc	3,795,979	$215,877,331	0.17%
4.	Dimensional Fund Advisors Lp	1,825,822	$103,836,675	0.02%
5.	Geode Capital Management, Llc	1,242,767	$70,685,517	0%