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Community Financial System, Inc.

CBU
Exchange
NYSE
Industry
National Commercial Banks
SEC CIK
0000723188

In the last 90 days, Community Financial System, Inc. insiders filed 3 open-market purchases and 0 sales; 280 institutions reported holding it in 13F filings for Q2 2026, worth $2.75B in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Community Financial System, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
255
0 vs. Q2 2025
Shares held
39.2M
+599.6K (+1.6%) vs. Q2 2025
Total value
$2.30B
+$103.7M (+4.7%) vs. Q2 2025
New holders
22
90 more added
Sold out
22
93 more reduced

4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting CBU on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 255 institutions
Q1 2021: 211 institutionsQ2 2021: 221 institutionsQ3 2021: 237 institutionsQ4 2021: 244 institutionsQ1 2022: 244 institutionsQ2 2022: 240 institutionsQ3 2022: 249 institutionsQ4 2022: 254 institutionsQ1 2023: 245 institutionsQ2 2023: 222 institutionsQ3 2023: 236 institutionsQ4 2023: 245 institutionsQ1 2024: 235 institutionsQ2 2024: 245 institutionsQ3 2024: 255 institutionsQ4 2024: 254 institutionsQ1 2025: 267 institutionsQ2 2025: 259 institutionsQ3 2025: 255 institutionsQ4 2025: 264 institutionsQ1 2026: 265 institutionsQ2 2026: 280 institutions
Value heldQ3 2025: $2.30B
Q1 2021: $2.94BQ2 2021: $2.89BQ3 2021: $2.60BQ4 2021: $2.81BQ1 2022: $2.65BQ2 2022: $2.41BQ3 2022: $2.35BQ4 2022: $2.43BQ1 2023: $2.06BQ2 2023: $1.92BQ3 2023: $1.69BQ4 2023: $2.05BQ1 2024: $1.83BQ2 2024: $1.78BQ3 2024: $2.18BQ4 2024: $2.38BQ1 2025: $2.21BQ2 2025: $2.23BQ3 2025: $2.30BQ4 2025: $2.30BQ1 2026: $2.35BQ2 2026: $2.75B
Institutions holding CBU and their total value by quarter
QuarterHoldersValue
Q2 2026280$2.75B
Q1 2026265$2.35B
Q4 2025264$2.30B
Q3 2025255$2.30B
Q2 2025259$2.23B
Q1 2025267$2.21B
Q4 2024254$2.38B
Q3 2024255$2.18B
Q2 2024245$1.78B
Q1 2024235$1.83B
Q4 2023245$2.05B
Q3 2023236$1.69B
Q2 2023222$1.92B
Q1 2023245$2.06B
Q4 2022254$2.43B
Q3 2022249$2.35B
Q2 2022240$2.41B
Q1 2022244$2.65B
Q4 2021244$2.81B
Q3 2021237$2.60B
Q2 2021221$2.89B
Q1 2021211$2.94B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Community Financial System, Inc.; share changes are against Q2 2025.

Institutions holding CBU in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Mutual of America Capital Management LLC5,921$347.2K0.00%−868−12.8%Reduced
Banque Pictet & Cie SA5,989$351.2K0.00%−39−0.6%Reduced
Bank of Montreal6,012$352.5K0.00%−5,028−45.5%Reduced
Allegheny Financial Group LTD6,131$359.5K0.07%+9+0.1%Added
QRG Capital Management, Inc.6,321$370.6K0.00%−419−6.2%Reduced
The PNC Financial Services Group, Inc.6,412$376.0K0.00%−11−0.2%Reduced
Minerva Advisors LLC6,618$388.1K0.25%00.0%Unchanged
SG Americas Securities, LLC6,674$391.0K0.00%−1,379−17.1%Reduced
Cornell Pochily Investment Advisors, Inc.6,834$400.7K0.12%00.0%Unchanged
Pictet Asset Management Holding SA7,112$417.0K0.00%−1,577−18.1%Reduced
Sovereign Financial Group, Inc.7,294$427.7K0.08%00.0%Unchanged
Universal- Beteiligungs- und Servicegesellschaft mbH7,382$432.9K0.00%+2,495+51.1%Added
Cambridge Investment Research Advisors, Inc.7,492$439.0K0.00%−570−7.1%Reduced
Hanson & Doremus Investment Management7,517$441.0K0.06%−70−0.9%Reduced
Maryland State Retirement & Pension System7,599$445.6K0.01%−7,933−51.1%Reduced
Benjamin Edwards Inc7,639$448.3K0.01%+2,332+43.9%Added
CWM Advisors, LLC7,713$452.3K0.04%+881+12.9%Added
Carl P. Sherr & Co., LLC8,170$479.1K0.23%00.0%Unchanged
Holocene Advisors, LP8,432$494.5K0.00%+8,432New
Trust Co of Vermont8,669$508.4K0.02%−87−1.0%Reduced
Strategic Financial Services, Inc,8,812$516.7K0.03%00.0%Unchanged
Advisor Group Holdings, Inc.8,906$522.6K0.00%−452−4.8%Reduced
Amundi9,171$541.2K0.00%+480+5.5%Added
Ensign Peak Advisors, Inc9,258$542.9K0.00%−9,750−51.3%Reduced
Voya Investment Management LLC9,530$558.8K0.00%−4,971−34.3%Reduced
Los Angeles Capital Management LLC9,558$560.5K0.00%00.0%Unchanged
Mercer Global Advisors Inc9,649$565.8K0.00%+153+1.6%Added
CI Private Wealth, LLC9,801$574.7K0.00%+123+1.3%Added
Alliance Wealth Advisors, LLC10,675$626.0K0.31%−336−3.1%Reduced
Meridian Wealth Partners, LLC10,927$640.8K0.09%−7−0.1%Reduced
Fulton Bank, N.A.10,965$643.0K0.02%+1,085+11.0%Added
Gallagher Fiduciary Advisors, LLC11,081$649.8K0.02%+27+0.2%Added
Raymond James Financial Inc11,150$653.9K0.00%+55+0.5%Added
KLP Kapitalforvaltning AS11,100$655.3K0.00%00.0%Unchanged
Ausbil Investment Management Ltd11,289$657.4K0.35%+5,579+97.7%Added
Oregon Public Employees Retirement Fund11,935$699.9K0.01%−209−1.7%Reduced
Truist Financial Corp11,990$703.1K0.00%+1,558+14.9%Added
SEI Investments Co12,656$742.1K0.00%−175−1.4%Reduced
Franklin Resources Inc12,656$742.1K0.00%+383+3.1%Added
BNP Paribas Arbitrage, SA13,071$766.5K0.00%+7,360+128.9%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys13,461$789.4K0.00%−108−0.8%Reduced
Level Four Advisory Services, LLC13,773$807.7K0.03%+480+3.6%Added
Handelsbanken Fonder AB13,816$810.0K0.00%+2,000+16.9%Added
Two Sigma Investments, LP14,316$839.5K0.00%−711−4.7%Reduced
AQR Capital Management LLC14,526$851.8K0.00%+2,992+25.9%Added
Teachers Retirement System of the State of Kentucky15,067$883.0K0.01%−882−5.5%Reduced
State Board of Administration of Florida Retirement System15,082$884.4K0.00%−26−0.2%Reduced
American Century Companies Inc15,139$887.8K0.00%+740+5.1%Added
Police & Firemen's Retirement System of New Jersey15,258$894.7K0.01%+3,448+29.2%Added
Amalgamated Bank15,295$897.0K0.01%+278+1.9%Added
Susquehanna Fundamental Investments, LLC15,532$910.8K0.04%−9,765−38.6%Reduced
Arizona State Retirement System15,639$917.1K0.00%+219+1.4%Added
Yousif Capital Management, LLC16,340$958.2K0.01%−3,325−16.9%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)16,578$972.1K0.00%+971+6.2%Added
State of Tennessee, Treasury Department16,579$972.2K0.00%−3,590−17.8%Reduced
Teacher Retirement System of Texas16,762$982.9K0.00%−7,529−31.0%Reduced
HighTower Advisors, LLC16,777$983.7K0.00%−253−1.5%Reduced
Moody National Bank Trust Division17,265$1.01M0.09%00.0%Unchanged
Atria Investments LLC17,770$1.04M0.01%+2,449+16.0%Added
New York State Common Retirement Fund18,049$1.06M0.00%00.0%Unchanged
Squarepoint Ops LLC18,184$1.07M0.00%+18,184New
Comerica Bank19,208$1.13M0.00%−692−3.5%Reduced
Intech Investment Management LLC19,969$1.17M0.01%−5,877−22.7%Reduced
MML Investors Services, LLC20,087$1.18M0.00%+2,436+13.8%Added
Nisa Investment Advisors, LLC19,947$1.18M0.00%−4,847−19.5%Reduced
Dark Forest Capital Management LP20,483$1.20M0.05%+20,483New
Royal Bank of Canada20,749$1.22M0.00%−7,202−25.8%Reduced
Lazard Asset Management LLC22,243$1.30M0.00%+1,775+8.7%Added
Jane Street Group, LLC22,832$1.34M0.00%−25,724−53.0%Reduced
Janus Henderson Group PLC23,412$1.37M0.00%00.0%Unchanged
Cetera Investment Advisers23,575$1.38M0.00%+8,400+55.4%Added
Louisiana State Employees Retirement System24,300$1.42M0.02%−400−1.6%Reduced
Mirae Asset Global ETFs Holdings Ltd.24,610$1.44M0.00%−4,424−15.2%Reduced
Commonwealth Equity Services, LLC26,030$1.53M0.00%−683−2.6%Reduced
Manufacturers Life Insurance Company, The26,233$1.54M0.00%−1,379−5.0%Reduced
Carnegie Capital Asset Management, LLC26,470$1.55M0.03%−34,465−56.6%Reduced
Adage Capital Partners GP, L.L.C.27,504$1.61M0.00%+10,829+64.9%Added
Illinois Municipal Retirement Fund27,996$1.64M0.02%+101+0.4%Added
Canandaigua National Bank & Trust Co28,530$1.67M0.15%−3,275−10.3%Reduced
State of Alaska, Department of Revenue28,731$1.68M0.02%−2,731−8.7%Reduced
HRT Financial LP29,232$1.71M0.01%+25,637+713.1%Added
Susquehanna International Group, LLP30,785$1.81M0.00%−58,650−65.6%Reduced
MetLife Investment Management30,787$1.81M0.01%−815−2.6%Reduced
LPL Financial LLC32,817$1.92M0.00%+3,163+10.7%Added
Susquehanna Portfolio Strategies, LLC34,473$2.02M0.03%+12,420+56.3%Added
Voloridge Investment Management, LLC35,301$2.07M0.01%+576+1.7%Added
Anchor Capital Advisors LLC35,616$2.09M0.06%+2,592+7.8%Added
Citadel Advisors LLC35,790$2.10M0.00%−24,236−40.4%Reduced
State of New Jersey Common Pension Fund D37,186$2.18M0.01%+3,571+10.6%Added
Thrivent Financial for Lutherans38,839$2.28M0.00%−984−2.5%Reduced
Deutsche Bank AG40,846$2.40M0.00%+5,400+15.2%Added
Toroso Investments, LLC41,111$2.41M0.01%+5,757+16.3%Added
Millennium Management LLC41,757$2.45M0.00%+33,537+408.0%Added
GW&K Investment Management, LLC45,664$2.68M0.02%−1,697−3.6%Reduced
Rafferty Asset Management, LLC45,899$2.69M0.01%+9,943+27.7%Added
Verition Fund Management LLC46,220$2.71M0.02%+46,220New
Citigroup Inc47,237$2.77M0.00%−27,541−36.8%Reduced
Riggs Asset Managment Co. Inc.47,787$2.80M0.61%+41,759+692.8%Added
California State Teachers Retirement System48,583$2.85M0.00%+30.0%Added
Stifel Financial Corp49,464$2.90M0.00%+1,552+3.2%Added