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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, Q1 2026

Institutional positions in Community Financial System, Inc. as of Mar 31, 2026. 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
265
+9 vs. Q4 2025
Shares held
40.0M
+6.97M (+21.1%) vs. Q4 2025
Total value
$2.35B
+$447.9M (+23.6%) vs. Q4 2025
New holders
39
103 more added
Sold out
30
71 more reduced

8 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 265 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 heldQ1 2026: $2.35B
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, Q1 2026

Shares, value and share of portfolio for each institution holding Community Financial System, Inc.; share changes are against Q4 2025.

Institutions holding CBU in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Wiley Bros.-Aintree Capital, LLC4,547$267.2K0.00%+697+18.1%Added
Capstone Investment Advisors, LLC4,589$269.1K0.00%+4,589New
Drum Hill Capital, LLC4,718$276.7K0.25%00.0%Unchanged
Pathway Financial Advisors LLC4,694$279.0K0.03%+964+25.8%Added
New Age Alpha Advisors, LLC4,806$281.9K0.01%−119−2.4%Reduced
Xponance, Inc.5,009$293.8K0.00%+823+19.7%Added
Peoples Financial Services Corp.5,100$299.1K0.14%00.0%Unchanged
State of Wisconsin Investment Board5,202$305.1K0.00%+5,202New
O'Shaughnessy Asset Management, LLC5,600$328.4K0.00%+444+8.6%Added
Bouchey Financial Group Ltd5,246$330.3K0.02%+5,246New
Public Employees Retirement Association of Colorado5,913$347.0K0.00%−375,174−98.4%Reduced
Kestra Private Wealth Services, LLC5,944$348.6K0.00%+1,782+42.8%Added
Mutual of America Capital Management LLC6,029$353.6K0.00%+10+0.2%Added
AE Wealth Management LLC6,103$357.9K0.00%+516+9.2%Added
Allegheny Financial Group LTD6,149$360.6K0.05%+9+0.1%Added
Cornell Pochily Investment Advisors, Inc.6,384$374.4K0.11%−450−6.6%Reduced
Bank of Montreal6,432$377.2K0.00%+500+8.4%Added
Pathstone Holdings, LLC6,708$394.7K0.00%+1,224+22.3%Added
Cambridge Investment Research Advisors, Inc.6,760$397.0K0.00%+833+14.1%Added
Carl P. Sherr & Co., LLC7,110$417.0K0.20%−260−3.5%Reduced
Sovereign Financial Group, Inc.7,291$427.6K0.07%00.0%Unchanged
Freestone Grove Partners LP7,412$434.7K0.00%+7,412New
Hanson & Doremus Investment Management7,569$444.0K0.05%−105−1.4%Reduced
Aureum Wealth Management, LLC7,571$444.0K0.31%+221+3.0%Added
Change Path, LLC7,637$447.9K0.01%+7,637New
Maryland State Retirement & Pension System7,674$450.1K0.01%00.0%Unchanged
QRG Capital Management, Inc.7,731$453.4K0.00%+1,187+18.1%Added
Pictet Asset Management Holding SA7,973$467.6K0.00%+861+12.1%Added
The PNC Financial Services Group, Inc.8,481$497.4K0.00%+2,133+33.6%Added
Strategic Financial Services, Inc,8,686$509.4K0.02%00.0%Unchanged
CWM Advisors, LLC8,760$513.8K0.03%+621+7.6%Added
Amundi8,972$526.2K0.00%+1,051+13.3%Added
Fiduciary Trust Co9,040$530.2K0.01%+1,729+23.6%Added
Voya Investment Management LLC9,262$543.2K0.00%−268−2.8%Reduced
Benjamin Edwards Inc9,743$571.7K0.01%+1,228+14.4%Added
Universal- Beteiligungs- und Servicegesellschaft mbH10,487$615.1K0.00%+3,738+55.4%Added
Franklin Resources Inc10,705$627.8K0.00%−1,843−14.7%Reduced
Meridian Wealth Partners, LLC10,890$638.7K0.09%00.0%Unchanged
Fulton Bank, N.A.10,892$638.8K0.02%−431−3.8%Reduced
Gallagher Fiduciary Advisors, LLC10,923$640.6K0.02%−1,150−9.5%Reduced
Natixis Advisors, L.P.11,438$671.0K0.00%+11,438New
BNP Paribas Arbitrage, SA11,554$677.6K0.00%−1,913−14.2%Reduced
KLP Kapitalforvaltning AS11,700$690.9K0.00%+400+3.5%Added
Advisor Group Holdings, Inc.11,948$700.7K0.00%−135−1.1%Reduced
Oregon Public Employees Retirement Fund12,035$705.9K0.01%00.0%Unchanged
Mercer Global Advisors Inc12,062$707.4K0.00%+1,307+12.2%Added
State of Tennessee, Treasury Department12,286$720.6K0.00%00.0%Unchanged
Vanguard Investments Australia, Ltd.12,320$722.6K0.00%+12,320New
Truist Financial Corp12,573$737.4K0.00%+368+3.0%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys13,028$764.1K0.00%−9−0.1%Reduced
Level Four Advisory Services, LLC13,155$771.6K0.03%−113−0.9%Reduced
Teachers Retirement System of the State of Kentucky13,297$780.0K0.01%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey14,043$823.6K0.01%00.0%Unchanged
Yousif Capital Management, LLC14,072$825.3K0.01%−154−1.1%Reduced
Holocene Advisors, LP14,174$831.3K0.00%+7,162+102.1%Added
Mangrove Partners14,436$846.7K0.07%+14,436New
Arizona State Retirement System14,461$848.1K0.00%−302−2.0%Reduced
MML Investors Services, LLC14,486$849.6K0.00%−5,892−28.9%Reduced
State Board of Administration of Florida Retirement System15,082$884.6K0.00%00.0%Unchanged
Amalgamated Bank15,177$890.0K0.01%−184−1.2%Reduced
XTX Topco Ltd15,393$902.8K0.02%+10,380+207.1%Added
Millennium Management LLC15,977$937.1K0.00%−2,357−12.9%Reduced
Handelsbanken Fonder AB16,216$951.0K0.00%+2,400+17.4%Added
Fifth Third Bancorp16,422$963.1K0.00%+16,198+7,231.3%Added
Nisa Investment Advisors, LLC16,488$974.8K0.00%−3,492−17.5%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)16,707$979.9K0.00%+129+0.8%Added
Cerity Partners LLC16,877$989.9K0.00%+16,877New
Moody National Bank Trust Division17,265$1.01M0.10%00.0%Unchanged
New York State Common Retirement Fund17,949$1.05M0.00%−100−0.6%Reduced
Atria Investments LLC18,995$1.11M0.01%−1,047−5.2%Reduced
HighTower Advisors, LLC19,119$1.12M0.00%+2,327+13.9%Added
Commonwealth Equity Services, LLC19,617$1.15M0.00%−6,747−25.6%Reduced
CI Private Wealth, LLC19,760$1.16M0.00%+9,728+97.0%Added
Raymond James Financial Inc20,186$1.18M0.00%+5,220+34.9%Added
Quantinno Capital Management LP20,561$1.21M0.00%+13,502+191.3%Added
Alliance Wealth Advisors, LLC20,825$1.22M0.58%00.0%Unchanged
Vanguard Global Advisers, LLC21,097$1.24M0.00%+21,097New
Berkshire Asset Management LLC21,514$1.26M0.05%−737−3.3%Reduced
Royal Bank of Canada21,790$1.28M0.00%−400−1.8%Reduced
Ausbil Investment Management Ltd22,973$1.36M0.68%+3,527+18.1%Added
Barclays PLC23,336$1.37M0.00%−70,306−75.1%Reduced
Louisiana State Employees Retirement System23,400$1.37M0.02%−700−2.9%Reduced
Janus Henderson Group PLC23,412$1.37M0.00%00.0%Unchanged
Cetera Investment Advisers23,652$1.39M0.00%+2,533+12.0%Added
Lazard Asset Management LLC23,677$1.39M0.00%+599+2.6%Added
Manufacturers Life Insurance Company, The24,136$1.42M0.00%−690−2.8%Reduced
Squarepoint Ops LLC24,669$1.45M0.00%+10,350+72.3%Added
Mirae Asset Global ETFs Holdings Ltd.24,863$1.46M0.00%+297+1.2%Added
AQR Capital Management LLC25,640$1.50M0.00%+5,180+25.3%Added
Canandaigua National Corp26,405$1.55M0.14%+26,405New
Numerai GP LLC26,418$1.55M0.16%−450−1.7%Reduced
Intech Investment Management LLC27,777$1.63M0.02%+7,808+39.1%Added
Rafferty Asset Management, LLC28,076$1.65M0.01%−3,690−11.6%Reduced
Illinois Municipal Retirement Fund28,179$1.65M0.02%+1,137+4.2%Added
State of Alaska, Department of Revenue28,254$1.66M0.02%−786−2.7%Reduced
MetLife Investment Management28,912$1.70M0.01%−509−1.7%Reduced
Susquehanna Portfolio Strategies, LLC33,311$1.95M0.03%−1,162−3.4%Reduced
State of New Jersey Common Pension Fund D34,754$2.04M0.01%−5,433−13.5%Reduced
Citigroup Inc34,901$2.05M0.00%−3,016−8.0%Reduced
Thrivent Financial for Lutherans35,480$2.08M0.00%−1,412−3.8%Reduced