Instuitional Investor - Canandaigua National Bank & Trust Co

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	818,997	$77,501,686	7.18%
2.	Spdr Series Trust		571,779	$54,501,974	5.05%
3.	Microsoft Corp	MSFT	87,026	$43,287,603	4.01%
4.	Schwab Strategic Trust	FNDF	1,046,849	$41,894,897	3.88%
5.	Spdr S & P 500 Etf Trust	SPY	67,503	$41,706,729	3.86%