Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE INC	23,580	$9.35M	6.7%	$396.52 *	$13.16	-7.7%	COM	037833100
IBB	ISHARES NASDAQ BIOTECH INDX	41,022	$7.133M	5.1%	$173.88 *	$57.81	+0.3%	COM	464287556
—	EMC CORP	254,922	$6.021M	4.3%	$23.62	$23.62	—	COM	268648102
—	GENERAL ELECTRIC CO	235,954	$5.472M	3.9%	$23.19	$23.19	—	COM	369604103
GLW	CORNING INC	382,043	$5.436M	3.9%	$14.23 *	$10.49	-1.7%	COM	219350105
AMZN	AMAZON COM INC	19,335	$5.369M	3.9%	$277.68 *	$13.32	+4.2%	COM	023135106
—	MARKET VECTORS OIL SERVICE ETF	108,659	$4.648M	3.3%	$42.78	$42.78	—	COM	57060U191
INTC	INTEL CORP	184,660	$4.474M	3.2%	$24.23 *	$17.18	+2.9%	COM	458140100
GS	GOLDMAN SACHS GROUP INC	28,568	$4.321M	3.1%	$151.25 *	$120.06	-0.6%	COM	38141G104
SLB	SCHLUMBERGER LTD	58,395	$4.185M	3.0%	$71.67 *	$52.90	-2.9%	COM	806857108
VZ	VERIZON COMMUNICATIONS	81,185	$4.087M	2.9%	$50.34 *	$27.04	-1.3%	COM	92343V104
—	ELMIRA SAVINGS BANK	185,737	$4.003M	2.9%	$21.55	$21.55	—	COM	289660102
PEP	PEPSICO INC	48,711	$3.984M	2.9%	$81.79 *	$56.00	+0.7%	COM	713448108
QCOM	QUALCOMM INC	64,750	$3.956M	2.8%	$61.10 *	$45.06	-3.9%	COM	747525103
CVX	CHEVRON CORP	30,593	$3.62M	2.6%	$118.33 *	$71.30	-1.7%	COM	166764100
—	MCDERMOTT INTL INC	413,361	$3.381M	2.4%	$8.18	$8.18	—	COM	580037109
UNP	UNION PACIFIC CORP	21,840	$3.369M	2.4%	$154.26 *	$57.06	+2.7%	COM	907818108
PFF	ISHARES S&P U.S. PREFERRED STO	84,546	$3.321M	2.4%	$39.28	$40.20	-2.3%	COM	464288687
FDX	FEDEX CORP	33,300	$3.283M	2.4%	$98.59 *	$81.95	+1.7%	COM	31428X106
MU	MICRON TECHNOLOGY INC	228,966	$3.281M	2.4%	$14.33 *	$10.81	+29.3%	COM	595112103
—	PRECISION CASTPARTS CORP	12,645	$2.858M	2.0%	$226.02	$226.02	—	COM	740189105
ISRG	INTUITIVE SURGICAL	5,635	$2.852M	2.0%	$506.12 *	$55.09	+2.1%	COM	46120E602
GRMN	GARMIN LTD.	78,100	$2.825M	2.0%	$36.17 *	$23.52	+5.2%	COM	H2906T109
—	MAKO SURGICAL CORP	225,250	$2.714M	1.9%	$12.05	$12.05	—	COM	560879108
MO	ALTRIA GROUP INC	68,914	$2.411M	1.7%	$34.99 *	$16.28	-1.6%	COM	02209S103
PM	PHILIP MORRIS INTERNATIONAL IN	26,667	$2.31M	1.7%	$86.62 *	$49.85	-5.9%	COM	718172109
CAT	CATERPILLAR INC DEL	27,676	$2.283M	1.6%	$82.49 *	$61.55	-2.9%	COM	149123101
DVN	DEVON ENERGY CORP	41,275	$2.141M	1.5%	$51.87 *	$37.00	-6.6%	COM	25179M103
META	FACEBOOK INC	83,225	$2.071M	1.5%	$24.88	$25.44	-2.9%	COM	30303M102
—	NATIONAL OILWELL VARCO INC	29,507	$2.033M	1.5%	$68.90	$68.90	—	COM	637071101
KRE	SPDR S&P REGIONAL BANKING ETF	59,950	$2.031M	1.5%	$33.88	$31.96	+6.0%	COM	78464A698
XOM	EXXON MOBIL CORP	21,443	$1.937M	1.4%	$90.33 *	$53.69	+0.7%	COM	30231G102
—	UNITED TECHNOLOGIES	20,791	$1.932M	1.4%	$92.92	$92.92	—	COM	913017109
MCD	MCDONALDS CORP	18,417	$1.823M	1.3%	$98.98 *	$71.80	-0.6%	COM	580135101
IBM	INTL BUSINESS MACHINES	9,323	$1.782M	1.3%	$191.14 *	$118.94	-6.0%	COM	459200101
—	ISHARES TR COMEX GOLD	140,424	$1.684M	1.2%	$11.99	$11.99	—	COM	464285105
MDLZ	MONDELEZ INTERNATIONAL, INC.	53,652	$1.531M	1.1%	$28.54 *	$23.16	-5.8%	COM	609207105
—	MEDTRONIC INC	22,159	$1.141M	0.8%	$51.49	$51.49	—	COM	585055106
DE	DEERE & CO	13,803	$1.122M	0.8%	$81.29 *	$68.04	-5.4%	COM	244199105
KO	COCA-COLA CO	25,450	$1.021M	0.7%	$40.12 *	$27.85	-2.6%	COM	191216100
EGHT	8x8 INC.	114,450	$943K	0.7%	$8.24	$7.54	+9.3%	COM	282914100
—	CHICAGO BRIDGE AND IRON CO.	14,958	$892K	0.6%	$59.63	$59.63	—	COM	167250109
—	DIRECTV	12,200	$752K	0.5%	$61.64	$61.64	—	COM	25490A309
XLU	UTILITIES SELECT SECTOR SPDR	16,484	$620K	0.4%	$37.61 *	$19.60	-4.0%	COM	81369Y886
BOND	PIMCO TOTAL RETURN ETF	5,600	$591K	0.4%	$105.54	$109.08	-3.3%	COM	72201R775
—	ROYAL DUTCH SHELL B ADR	8,682	$575K	0.4%	$66.23	$66.23	—	COM	780259107
TGT	TARGET CORP	6,775	$467K	0.3%	$68.93 *	$47.95	-0.8%	COM	87612E106
MSFT	MICROSOFT CORP	9,725	$336K	0.2%	$34.55 *	$26.70	+5.8%	COM	594918104
—	KRAFT FOODS GROUP	5,481	$306K	0.2%	$55.83	$55.83	—	COM	50076Q106
JNJ	JOHNSON & JOHNSON	3,475	$298K	0.2%	$85.76 *	$59.66	+1.6%	COM	478160104
—	POWERSHARES INSURED NY MUNI BO	10,500	$243K	0.2%	$23.14	$23.14	—	COM	73936T458
MUNI	PIMCO INTERMEDIATE MUNI BOND E	4,000	$207K	0.1%	$51.75	$53.95	-3.9%	COM	72201R866