# EDGAR Filing Document

**Accession Number:** 0001222993
**File Stem:** 0001222993-26-000002
**Filing Date:** 2026-2
**Character Count:** 22698
**Document Hash:** 3cf12dc8516bf6d039f31ba62b40dd39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001222993-26-000002.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001222993-26-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WATERS PARKERSON & CO., LLC
- **CENTRAL INDEX KEY:** 0001222993

**ORGANIZATION NAME:**
- **EIN:** 261642640
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10445
- **FILM NUMBER:** 26624490

**BUSINESS ADDRESS:**
- **STREET 1:** 601 POYDRAS ST.
- **STREET 2:** SUITE 2210
- **CITY:** NEW ORLEANS
- **STATE:** LA
- **ZIP:** 70130
- **BUSINESS PHONE:** 504-581-2022

**MAIL ADDRESS:**
- **STREET 1:** 601 POYDRAS ST.
- **STREET 2:** SUITE 2210
- **CITY:** NEW ORLEANS
- **STATE:** LA
- **ZIP:** 70130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WATERS PARKERSON & CO INC
- **DATE OF NAME CHANGE:** 20030313

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** WATERS PARKERSON  CO. LLC<br>**Address:** 601 POYDRAS ST.<br>SUITE 2210<br>NEW ORLEANS, LA 70130

**Form 13F File Number:** 028-10445

**CRD Number (if applicable):** 000003711

**SEC File Number (if applicable):** 801-8754

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** JULIA W BURLINGAME<br>**Title:** CHIEF COMPLIANCE OFFICER<br>**Phone:** 504-588-2726

**Signature, Place, and Date of Signing:**

JULIA W BURLINGAME  New Orleans, LA  02-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 190

**Form 13F Information Table Value Total:** $2035468530

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 1834752 | 11460 | SH |  | SOLE | 0 | 11460 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 57485006 | 458816 | SH |  | SOLE | 0 | 440371 | 0 | 18445 |
| ABBVIE INC | COM | 00287Y109 |  | 1147934 | 5024 | SH |  | SOLE | 0 | 4824 | 0 | 200 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 55159529 | 205589 | SH |  | SOLE | 0 | 197952 | 0 | 7637 |
| AFLAC INC | COM | 001055102 |  | 28846378 | 261598 | SH |  | SOLE | 0 | 255943 | 0 | 5655 |
| ALEXANDER  BALDWIN INC NEW | COM | 014491104 |  | 206400 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4838166 | 15457 | SH |  | SOLE | 0 | 14445 | 0 | 1012 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 7752540 | 24705 | SH |  | SOLE | 0 | 24572 | 0 | 133 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 2025308 | 35125 | SH |  | SOLE | 0 | 34808 | 0 | 317 |
| AMAZON COM INC | COM | 023135106 |  | 39329262 | 170389 | SH |  | SOLE | 0 | 161835 | 0 | 8554 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 4049113 | 35115 | SH |  | SOLE | 0 | 30425 | 0 | 4690 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 647043 | 1749 | SH |  | SOLE | 0 | 1749 | 0 | 0 |
| AMERIS BANCORP | COM | 03076K108 |  | 205951 | 2773 | SH |  | SOLE | 0 | 2773 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1354081 | 4137 | SH |  | SOLE | 0 | 4137 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 43166407 | 158782 | SH |  | SOLE | 0 | 155196 | 0 | 3586 |
| APPLIED MATLS INC | COM | 038222105 |  | 2410566 | 9380 | SH |  | SOLE | 0 | 9380 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 2067185 | 83220 | SH |  | SOLE | 0 | 81820 | 0 | 1400 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 217919 | 1300 | SH |  | SOLE | 0 | 1300 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 217567 | 735 | SH |  | SOLE | 0 | 706 | 0 | 29 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 505458 | 890 | SH |  | SOLE | 0 | 890 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 63104946 | 1147363 | SH |  | SOLE | 0 | 1108774 | 0 | 38589 |
| BELDEN INC | COM | 077454106 |  | 26566407 | 227940 | SH |  | SOLE | 0 | 216769 | 0 | 11171 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754800 | 1 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4980256 | 9908 | SH |  | SOLE | 0 | 8849 | 0 | 1059 |
| BLACKROCK INC | COM | 09290D101 |  | 381041 | 356 | SH |  | SOLE | 0 | 356 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1776926 | 11528 | SH |  | SOLE | 0 | 11528 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 3156708 | 14539 | SH |  | SOLE | 0 | 14539 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 28743898 | 340729 | SH |  | SOLE | 0 | 326499 | 0 | 14230 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 25218549 | 264484 | SH |  | SOLE | 0 | 249224 | 0 | 15260 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 680291 | 12612 | SH |  | SOLE | 0 | 12612 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 751460 | 2171 | SH |  | SOLE | 0 | 2090 | 0 | 81 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 3025989 | 27489 | SH |  | SOLE | 0 | 24594 | 0 | 2895 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 217464 | 2400 | SH |  | SOLE | 0 | 2400 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 288651 | 1191 | SH |  | SOLE | 0 | 1090 | 0 | 101 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 3888760 | 73595 | SH |  | SOLE | 0 | 70345 | 0 | 3250 |
| CATERPILLAR INC | COM | 149123101 |  | 852431 | 1488 | SH |  | SOLE | 0 | 1488 | 0 | 0 |
| CBIZ INC | COM | 124805102 |  | 22059061 | 437246 | SH |  | SOLE | 0 | 410881 | 0 | 26365 |
| CHEVRON CORP NEW | COM | 166764100 |  | 46658906 | 306141 | SH |  | SOLE | 0 | 293243 | 0 | 12898 |
| CISCO SYS INC | COM | 17275R102 |  | 642613 | 8342 | SH |  | SOLE | 0 | 8042 | 0 | 300 |
| COCA COLA CO | COM | 191216100 |  | 14105627 | 201768 | SH |  | SOLE | 0 | 200918 | 0 | 850 |
| COHERENT CORP | COM | 19247G107 |  | 81901276 | 443741 | SH |  | SOLE | 0 | 422935 | 0 | 20806 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 295930 | 3745 | SH |  | SOLE | 0 | 3545 | 0 | 200 |
| COLLPLANT BIOTECHNOLOGIES LT | SHS NEW | M2R51X116 |  | 18550 | 13250 | SH |  | SOLE | 0 | 13250 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 200981 | 2147 | SH |  | SOLE | 0 | 2147 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 248797 | 2505 | SH |  | SOLE | 0 | 2505 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1163297 | 1349 | SH |  | SOLE | 0 | 1299 | 0 | 50 |
| CROWN CRAFTS INC | COM | 228309100 |  | 58170 | 21000 | SH |  | SOLE | 0 | 21000 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 1577310 | 43512 | SH |  | SOLE | 0 | 43512 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 896768 | 11300 | SH |  | SOLE | 0 | 11300 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 351524 | 755 | SH |  | SOLE | 0 | 705 | 0 | 50 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 4709189 | 128561 | SH |  | SOLE | 0 | 123659 | 0 | 4902 |
| DISNEY WALT CO | COM | 254687106 |  | 28956392 | 254517 | SH |  | SOLE | 0 | 239703 | 0 | 14814 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 203836 | 20404 | SH |  | SOLE | 0 | 20404 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1073748 | 18326 | SH |  | SOLE | 0 | 18104 | 0 | 222 |
| DONALDSON INC | COM | 257651109 |  | 7220470 | 81440 | SH |  | SOLE | 0 | 78914 | 0 | 2526 |
| DOW INC | COM | 260557103 |  | 1218004 | 52096 | SH |  | SOLE | 0 | 51296 | 0 | 800 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 705790 | 6022 | SH |  | SOLE | 0 | 5839 | 0 | 183 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 3857914 | 95968 | SH |  | SOLE | 0 | 93204 | 0 | 2764 |
| EATON CORP PLC | SHS | G29183103 |  | 1009677 | 3170 | SH |  | SOLE | 0 | 3170 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 11531316 | 10730 | SH |  | SOLE | 0 | 10705 | 0 | 25 |
| EMERSON ELEC CO | COM | 291011104 |  | 1705850 | 12853 | SH |  | SOLE | 0 | 12553 | 0 | 300 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 1010465 | 31518 | SH |  | SOLE | 0 | 31518 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 65826460 | 547004 | SH |  | SOLE | 0 | 531884 | 0 | 15120 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 3839678 | 160656 | SH |  | SOLE | 0 | 159545 | 0 | 1111 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 533585 | 9317 | SH |  | SOLE | 0 | 8500 | 0 | 817 |
| FLEXSHARES TR | HIG YLD VL ETF | 33939L662 |  | 203675 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 3331982 | 66613 | SH |  | SOLE | 0 | 66613 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 294887 | 5806 | SH |  | SOLE | 0 | 5806 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1321143 | 4289 | SH |  | SOLE | 0 | 4289 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 364038 | 557 | SH |  | SOLE | 0 | 557 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 228929 | 680 | SH |  | SOLE | 0 | 640 | 0 | 40 |
| GENERAL MLS INC | COM | 370334104 |  | 8134199 | 174929 | SH |  | SOLE | 0 | 173399 | 0 | 1530 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 241800 | 15000 | SH |  | SOLE | 0 | 15000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 264136 | 2152 | SH |  | SOLE | 0 | 1501 | 0 | 651 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1508368 | 1716 | SH |  | SOLE | 0 | 1716 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 250300 | 5104 | SH |  | SOLE | 0 | 5104 | 0 | 0 |
| HANCOCK WHITNEY CORPORATION | COM | 410120109 |  | 2107744 | 33099 | SH |  | SOLE | 0 | 31233 | 0 | 1866 |
| HAVERTY FURNITURE COS INC | COM | 419596101 |  | 930896 | 39850 | SH |  | SOLE | 0 | 39800 | 0 | 50 |
| HERSHEY CO | COM | 427866108 |  | 520844 | 2862 | SH |  | SOLE | 0 | 2862 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 65796980 | 191215 | SH |  | SOLE | 0 | 183782 | 0 | 7432 |
| HONEYWELL INTL INC | COM | 438516106 |  | 12647099 | 64827 | SH |  | SOLE | 0 | 63676 | 0 | 1151 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 432685 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 683295 | 1010 | SH |  | SOLE | 0 | 1010 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 302948 | 3510 | SH |  | SOLE | 0 | 3510 | 0 | 0 |
| INTERDIGITAL INC | COM | 45867G101 |  | 748193 | 2350 | SH |  | SOLE | 0 | 2350 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 18301687 | 61786 | SH |  | SOLE | 0 | 61505 | 0 | 281 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 825753 | 1458 | SH |  | SOLE | 0 | 1415 | 0 | 43 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3302552 | 5376 | SH |  | SOLE | 0 | 5326 | 0 | 50 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 965250 | 14625 | SH |  | SOLE | 0 | 14035 | 0 | 590 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1895649 | 19691 | SH |  | SOLE | 0 | 18329 | 0 | 1362 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 5515885 | 44750 | SH |  | SOLE | 0 | 44750 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 1176157 | 3150 | SH |  | SOLE | 0 | 3150 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 417774 | 2960 | SH |  | SOLE | 0 | 1960 | 0 | 1000 |
| ISHARES TR | SELECT US REIT | 464287564 |  | 504629 | 8457 | SH |  | SOLE | 0 | 8457 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 624449 | 3700 | SH |  | SOLE | 0 | 3700 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 13520061 | 140790 | SH |  | SOLE | 0 | 134285 | 0 | 6505 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 809593 | 15310 | SH |  | SOLE | 0 | 8735 | 0 | 6575 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 843183 | 7016 | SH |  | SOLE | 0 | 6853 | 0 | 163 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2818924 | 51525 | SH |  | SOLE | 0 | 43375 | 0 | 8150 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 27835832 | 113080 | SH |  | SOLE | 0 | 110104 | 0 | 2976 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 361566 | 3620 | SH |  | SOLE | 0 | 3620 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 22718967 | 33169 | SH |  | SOLE | 0 | 32831 | 0 | 338 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 29952915 | 226128 | SH |  | SOLE | 0 | 215413 | 0 | 10715 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 475700 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 23050663 | 111383 | SH |  | SOLE | 0 | 109681 | 0 | 1702 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 110362140 | 342506 | SH |  | SOLE | 0 | 332459 | 0 | 10047 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1007992 | 9991 | SH |  | SOLE | 0 | 9991 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 2199827 | 49401 | SH |  | SOLE | 0 | 48651 | 0 | 750 |
| LOWES COS INC | COM | 548661107 |  | 13823532 | 57321 | SH |  | SOLE | 0 | 57020 | 0 | 301 |
| MARATHON PETE CORP | COM | 56585A102 |  | 277122 | 1704 | SH |  | SOLE | 0 | 1704 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 371072 | 650 | SH |  | SOLE | 0 | 650 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1266531 | 4144 | SH |  | SOLE | 0 | 4044 | 0 | 100 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 691920 | 7203 | SH |  | SOLE | 0 | 7003 | 0 | 200 |
| MERCK  CO INC | COM | 58933Y105 |  | 37022335 | 351723 | SH |  | SOLE | 0 | 335833 | 0 | 15890 |
| META PLATFORMS INC | CL A | 30303M102 |  | 101250632 | 153389 | SH |  | SOLE | 0 | 148183 | 0 | 5206 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 18978301 | 297839 | SH |  | SOLE | 0 | 284074 | 0 | 13765 |
| MICROSOFT CORP | COM | 594918104 |  | 103042922 | 213066 | SH |  | SOLE | 0 | 207174 | 0 | 5892 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 7427786 | 137986 | SH |  | SOLE | 0 | 125175 | 0 | 12811 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 718997 | 4050 | SH |  | SOLE | 0 | 4050 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 464048 | 1150 | SH |  | SOLE | 0 | 1150 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1124064 | 11989 | SH |  | SOLE | 0 | 8619 | 0 | 3370 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 440416 | 5486 | SH |  | SOLE | 0 | 5486 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 25964301 | 89929 | SH |  | SOLE | 0 | 85282 | 0 | 4647 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 863868 | 1515 | SH |  | SOLE | 0 | 1515 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14358900 | 76991 | SH |  | SOLE | 0 | 74192 | 0 | 2799 |
| ORACLE CORP | COM | 68389X105 |  | 31667223 | 162471 | SH |  | SOLE | 0 | 156923 | 0 | 5548 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 710091 | 3855 | SH |  | SOLE | 0 | 3825 | 0 | 30 |
| PEPSICO INC | COM | 713448108 |  | 30218169 | 210550 | SH |  | SOLE | 0 | 200917 | 0 | 9633 |
| PFIZER INC | COM | 717081103 |  | 2533671 | 101754 | SH |  | SOLE | 0 | 101138 | 0 | 616 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 52539722 | 327554 | SH |  | SOLE | 0 | 317403 | 0 | 10151 |
| PHILLIPS 66 | COM | 718546104 |  | 265951 | 2061 | SH |  | SOLE | 0 | 1861 | 0 | 200 |
| POOL CORP | COM | 73278L105 |  | 18880339 | 82537 | SH |  | SOLE | 0 | 78234 | 0 | 4303 |
| PPG INDS INC | COM | 693506107 |  | 1241508 | 12117 | SH |  | SOLE | 0 | 12117 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 33704122 | 235183 | SH |  | SOLE | 0 | 228780 | 0 | 6403 |
| PROGRESSIVE CORP | COM | 743315103 |  | 388263 | 1705 | SH |  | SOLE | 0 | 705 | 0 | 1000 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 3472901 | 42534 | SH |  | SOLE | 0 | 41153 | 0 | 1381 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 407796 | 2350 | SH |  | SOLE | 0 | 2350 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 23837297 | 422872 | SH |  | SOLE | 0 | 399997 | 0 | 22875 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 385389 | 14221 | SH |  | SOLE | 0 | 14221 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 65469425 | 168272 | SH |  | SOLE | 0 | 161379 | 0 | 6893 |
| RTX CORPORATION | COM | 75513E101 |  | 5074861 | 27671 | SH |  | SOLE | 0 | 27441 | 0 | 230 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 26594871 | 515105 | SH |  | SOLE | 0 | 492755 | 0 | 22350 |
| S GLOBAL INC | COM | 78409V104 |  | 888403 | 1700 | SH |  | SOLE | 0 | 1700 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 454321 | 1715 | SH |  | SOLE | 0 | 1715 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 1927483 | 26231 | SH |  | SOLE | 0 | 26231 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 8174458 | 44160 | SH |  | SOLE | 0 | 43593 | 0 | 567 |
| SLB LIMITED | COM STK | 806857108 |  | 339049 | 8834 | SH |  | SOLE | 0 | 8800 | 0 | 34 |
| SOUTHERN CO | COM | 842587107 |  | 3025840 | 34700 | SH |  | SOLE | 0 | 33327 | 0 | 1373 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5751493 | 8434 | SH |  | SOLE | 0 | 8429 | 0 | 5 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 416263 | 690 | SH |  | SOLE | 0 | 690 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 590478 | 5534 | SH |  | SOLE | 0 | 5534 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 315650 | 2500 | SH |  | SOLE | 0 | 2500 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 374735 | 4450 | SH |  | SOLE | 0 | 4200 | 0 | 250 |
| STELLAR BANCORP INC | COM | 858927106 |  | 247520 | 8000 | SH |  | SOLE | 0 | 8000 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 352876 | 1004 | SH |  | SOLE | 0 | 1004 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 664094 | 9012 | SH |  | SOLE | 0 | 9012 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 2411026 | 5361 | SH |  | SOLE | 0 | 5361 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 846458 | 4879 | SH |  | SOLE | 0 | 4879 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 91584191 | 158054 | SH |  | SOLE | 0 | 152888 | 0 | 5166 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 2720621 | 23170 | SH |  | SOLE | 0 | 21805 | 0 | 1365 |
| TRUSTMARK CORP | COM | 898402102 |  | 497820 | 12781 | SH |  | SOLE | 0 | 12781 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 226745 | 2775 | SH |  | SOLE | 0 | 2075 | 0 | 700 |
| UNION PAC CORP | COM | 907818108 |  | 250525 | 1083 | SH |  | SOLE | 0 | 1083 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2544004 | 25648 | SH |  | SOLE | 0 | 25498 | 0 | 150 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 450270 | 1364 | SH |  | SOLE | 0 | 1364 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 507079 | 1141 | SH |  | SOLE | 0 | 9 | 0 | 1131 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 618800 | 1966 | SH |  | SOLE | 0 | 1966 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 427192 | 1472 | SH |  | SOLE | 0 | 1472 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 710339 | 1456 | SH |  | SOLE | 0 | 300 | 0 | 1156 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 2302494 | 8926 | SH |  | SOLE | 0 | 8616 | 0 | 310 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 271539 | 899 | SH |  | SOLE | 0 | 250 | 0 | 649 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2327410 | 26301 | SH |  | SOLE | 0 | 26301 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 6841096 | 10909 | SH |  | SOLE | 0 | 9656 | 0 | 1253 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 272479 | 976 | SH |  | SOLE | 0 | 300 | 0 | 676 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 5172320 | 96211 | SH |  | SOLE | 0 | 95921 | 0 | 290 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3909987 | 62590 | SH |  | SOLE | 0 | 57828 | 0 | 4762 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 991865 | 1316 | SH |  | SOLE | 0 | 1316 | 0 | 0 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 410273 | 1375 | SH |  | SOLE | 0 | 1375 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 361223 | 1866 | SH |  | SOLE | 0 | 1866 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 232679 | 1101 | SH |  | SOLE | 0 | 1101 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 402990 | 1400 | SH |  | SOLE | 0 | 1400 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 497855 | 1206 | SH |  | SOLE | 0 | 0 | 0 | 1206 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 500588 | 3750 | SH |  | SOLE | 0 | 3750 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 415552 | 1055 | SH |  | SOLE | 0 | 1055 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 503429 | 3566 | SH |  | SOLE | 0 | 0 | 0 | 3566 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 12295409 | 301876 | SH |  | SOLE | 0 | 292595 | 0 | 9281 |
| VISA INC | COM CL A | 92826C839 |  | 104900871 | 299110 | SH |  | SOLE | 0 | 289837 | 0 | 9273 |
| WALMART INC | COM | 931142103 |  | 16072229 | 144262 | SH |  | SOLE | 0 | 142916 | 0 | 1346 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 32400252 | 147468 | SH |  | SOLE | 0 | 140168 | 0 | 7300 |
| ZOETIS INC | CL A | 98978V103 |  | 352296 | 2800 | SH |  | SOLE | 0 | 2800 | 0 | 0 |

---