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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, Q4 2025

Institutional positions in Community Financial System, Inc. as of Dec 31, 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
264
+11 vs. Q3 2025
Shares held
40.0M
+847.1K (+2.2%) vs. Q3 2025
Total value
$2.30B
+$1.96M (+0.1%) vs. Q3 2025
New holders
31
99 more added
Sold out
20
85 more reduced

2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 264 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 heldQ4 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, Q4 2025

Shares, value and share of portfolio for each institution holding Community Financial System, Inc.; share changes are against Q3 2025.

Institutions holding CBU in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.7,541,520$433.2M0.01%+104,868+1.4%Added
Vanguard Group Inc6,275,222$360.4M0.01%−38,159−0.6%Reduced
Neuberger Berman Group LLC3,812,445$219.0M0.16%−209,882−5.2%Reduced
State Street Corp3,127,250$181.1M0.01%−168,254−5.1%Reduced
Morgan Stanley2,005,436$115.2M0.01%−261,026−11.5%Reduced
Dimensional Fund Advisors LP1,797,967$103.3M0.02%−18,081−1.0%Reduced
FMR LLC1,680,717$96.5M0.00%+943,558+128.0%Added
Geode Capital Management, LLC1,248,549$71.7M0.00%−2,518−0.2%Reduced
NFJ Investment Group, LLC695,820$40.0M1.45%−30,231−4.2%Reduced
Norges Bank678,844$39.0M0.00%+678,844New
Federated Hermes, Inc.671,906$38.6M0.06%−72,356−9.7%Reduced
Charles Schwab Investment Management Inc635,048$36.5M0.01%−3,008−0.5%Reduced
Northern Trust Corp603,397$34.7M0.00%−39,193−6.1%Reduced
Bank of America Corp579,353$33.3M0.00%−56,904−8.9%Reduced
Bank of New York Mellon Corp541,428$31.1M0.01%+16,990+3.2%Added
Deprince Race & Zollo Inc477,683$27.4M0.53%−107,849−18.4%Reduced
Goldman Sachs Group Inc431,865$24.8M0.00%−83,493−16.2%Reduced
Riggs Asset Managment Co. Inc.401,450$23.1M4.65%+353,663+740.1%Added
Public Employees Retirement Association of Colorado381,087$21.9M0.08%00.0%Unchanged
Segall Bryant & Hamill, LLC371,224$21.3M0.29%−36,300−8.9%Reduced
Balyasny Asset Management LLC317,274$18.2M0.03%+15,128+5.0%Added
Principal Financial Group Inc251,187$14.4M0.01%−4,127−1.6%Reduced
Waldron Private Wealth LLC210,242$12.1M0.48%00.0%Unchanged
UBS Group AG204,127$11.7M0.00%−72,311−26.2%Reduced
Public Sector Pension Investment Board182,285$10.5M0.04%−23,884−11.6%Reduced
SG Americas Securities, LLC168,892$9.70M0.01%+162,218+2,430.6%Added
Victory Capital Management Inc148,876$8.55M0.00%+4,688+3.3%Added
Rhumbline Advisers147,265$8.46M0.01%−5,871−3.8%Reduced
Legal & General Group Plc134,944$7.75M0.00%−5,010−3.6%Reduced
Nuveen, LLC132,307$7.60M0.00%−1,213−0.9%Reduced
Ameriprise Financial Inc132,192$7.60M0.00%−9,683−6.8%Reduced
Invesco Ltd.131,925$7.58M0.00%−19,928−13.1%Reduced
Basswood Capital Management, L.L.C.122,201$7.02M0.31%00.0%Unchanged
UBS Asset Management Americas Inc118,586$6.81M0.00%+8,280+7.5%Added
Envestnet Asset Management Inc116,002$6.66M0.00%+1,640+1.4%Added
ProShare Advisors LLC111,228$6.39M0.01%−2,515−2.2%Reduced
Swiss National Bank104,200$5.99M0.00%+1,800+1.8%Added
Community Bank, N.A.102,512$5.89M0.70%−16,056−13.5%Reduced
JPMorgan Chase & Co96,485$5.54M0.00%−15,478−13.8%Reduced
Barclays PLC93,642$5.38M0.00%+15,942+20.5%Added
California Public Employees Retirement System93,472$5.37M0.00%+1,462+1.6%Added
Russell Investments Group, Ltd.91,715$5.27M0.01%−3,630−3.8%Reduced
New York State Teachers Retirement System83,121$4.77M0.01%−300−0.4%Reduced
Citadel Advisors LLC82,381$4.73M0.00%+46,591+130.2%Added
Wells Fargo & Company80,286$4.61M0.00%+19,760+32.6%Added
Sterling Capital Management LLC72,207$4.15M0.07%−8,061−10.0%Reduced
Jacobi Capital Management LLC69,789$4.01M0.23%−301−0.4%Reduced
Alliancebernstein L.P.68,464$3.93M0.00%+2,790+4.2%Added
Hilton Capital Management, LLC64,582$3.71M0.28%+6,354+10.9%Added
Janney Montgomery Scott LLC58,130$3.34M0.01%+1,750+3.1%Added
Wealth Enhancement Advisory Services, LLC55,397$3.33M0.00%−51−0.1%Reduced
Logan Capital Management Inc56,000$3.22M0.14%00.0%Unchanged
First Trust Advisors LP54,857$3.15M0.00%−7,669−12.3%Reduced
Price T Rowe Associates Inc52,430$3.01M0.00%+2,256+4.5%Added
Stifel Financial Corp49,971$2.87M0.00%+507+1.0%Added
California State Teachers Retirement System49,961$2.87M0.00%+1,378+2.8%Added
Prudential Financial Inc49,502$2.84M0.00%−3,441−6.5%Reduced
American Century Companies Inc46,739$2.68M0.00%+31,600+208.7%Added
Great West Life Assurance Co46,477$2.67M0.00%−2,996−6.1%Reduced
Deutsche Bank AG42,724$2.45M0.00%+1,878+4.6%Added
Jane Street Group, LLC42,143$2.42M0.00%+19,311+84.6%Added
State of New Jersey Common Pension Fund D40,187$2.31M0.01%+3,001+8.1%Added
Anchor Capital Advisors LLC39,229$2.25M0.07%+3,613+10.1%Added
Qube Research & Technologies Ltd38,408$2.21M0.00%−16,569−30.1%Reduced
Adage Capital Partners GP, L.L.C.38,147$2.19M0.00%+10,643+38.7%Added
Citigroup Inc37,917$2.18M0.00%−9,320−19.7%Reduced
Thrivent Financial for Lutherans36,892$2.12M0.00%−1,947−5.0%Reduced
Susquehanna Portfolio Strategies, LLC34,473$1.98M0.03%00.0%Unchanged
Rafferty Asset Management, LLC31,766$1.82M0.01%−14,133−30.8%Reduced
LPL Financial LLC31,227$1.79M0.00%−1,590−4.8%Reduced
MetLife Investment Management29,421$1.69M0.01%−1,366−4.4%Reduced
State of Alaska, Department of Revenue29,040$1.67M0.02%+309+1.1%Added
Canandaigua National Bank & Trust Co28,530$1.64M0.15%00.0%Unchanged
SEI Investments Co27,955$1.61M0.00%+15,299+120.9%Added
Illinois Municipal Retirement Fund27,042$1.55M0.02%−954−3.4%Reduced
Numerai GP LLC26,868$1.54M0.19%−43,338−61.7%Reduced
Commonwealth Equity Services, LLC26,364$1.51M0.00%+334+1.3%Added
HRT Financial LP25,942$1.49M0.00%−3,290−11.3%Reduced
Manufacturers Life Insurance Company, The24,826$1.43M0.00%−1,407−5.4%Reduced
Mirae Asset Global ETFs Holdings Ltd.24,566$1.41M0.00%−44−0.2%Reduced
Louisiana State Employees Retirement System24,100$1.38M0.02%−200−0.8%Reduced
Janus Henderson Group PLC23,412$1.34M0.00%00.0%Unchanged
Lazard Asset Management LLC23,078$1.33M0.00%+835+3.8%Added
Berkshire Asset Management LLC22,251$1.28M0.06%−30,535−57.8%Reduced
Royal Bank of Canada22,190$1.28M0.00%+1,441+6.9%Added
Elo Mutual Pension Insurance Co21,436$1.23M0.02%+21,436New
Cetera Investment Advisers21,119$1.21M0.00%−2,456−10.4%Reduced
Alliance Wealth Advisors, LLC20,825$1.20M0.57%+10,150+95.1%Added
AQR Capital Management LLC20,460$1.18M0.00%+5,934+40.9%Added
MML Investors Services, LLC20,378$1.17M0.00%+291+1.4%Added
Nisa Investment Advisors, LLC19,980$1.16M0.00%+33+0.2%Added
Atria Investments LLC20,042$1.15M0.01%+2,272+12.8%Added
Intech Investment Management LLC19,969$1.15M0.01%00.0%Unchanged
Ausbil Investment Management Ltd19,446$1.12M0.63%+8,157+72.3%Added
Susquehanna International Group, LLP19,014$1.09M0.00%−11,771−38.2%Reduced
Millennium Management LLC18,334$1.05M0.00%−23,423−56.1%Reduced
New York State Common Retirement Fund18,049$1.04M0.00%00.0%Unchanged
Moody National Bank Trust Division17,265$991.7K0.10%00.0%Unchanged
HighTower Advisors, LLC16,792$964.5K0.00%+15+0.1%Added
Zurcher Kantonalbank (Zurich Cantonalbank)16,578$952.2K0.00%00.0%Unchanged