# EDGAR Filing Document

**Accession Number:** 0001597089
**File Stem:** 0001597089-23-000003
**Filing Date:** 2023-2
**Character Count:** 11941
**Document Hash:** 0c022e4f88a883c248133757e06eacae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001597089-23-000003.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001597089-23-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Loudon Investment Management, LLC
- **CENTRAL INDEX KEY:** 0001597089
- **IRS NUMBER:** 203059493
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15740
- **FILM NUMBER:** 23580338

**BUSINESS ADDRESS:**
- **STREET 1:** 24 AIRPORT RD.
- **STREET 2:** SUITE 302
- **CITY:** WEST LEBANON
- **STATE:** NH
- **ZIP:** 03784
- **BUSINESS PHONE:** 603-298-7370

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 378
- **CITY:** MERIDEN
- **STATE:** NH
- **ZIP:** 03770

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** LOUDON INVESTMENT MANAGEMENT LLC<br>**Address:** P.O. BOX 378<br>MERIDEN, NH 03770

**Form 13F File Number:** 028-15740

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:** Emily Sands<br>**Title:** President<br>**Phone:** 603-667-8862

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

Emily Sands  Meriden, NH  02-02-2023<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:** 90

**Form 13F Information Table Value Total:** $138553905

      (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 |
| APPLE INC | COM | 037833100 |  | 2614322 | 20121 | SH |  | SOLE |  | 0 | 0 | 20121 |
| ABBVIE INC | COM | 00287Y109 |  | 4848300 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| ABBOTT LABS | COM | 002824100 |  | 675977 | 6157 | SH |  | SOLE |  | 0 | 0 | 6157 |
| ISHARES TR | COM | 464288240 |  | 323551 | 7111 | SH |  | SOLE |  | 0 | 0 | 7111 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 3717621 | 40039 | SH |  | SOLE |  | 0 | 0 | 40039 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1044535 | 4373 | SH |  | SOLE |  | 0 | 0 | 4373 |
| AFLAC INC | COM | 001055102 |  | 1480597 | 20581 | SH |  | SOLE |  | 0 | 0 | 20581 |
| AMGEN INC | COM | 031162100 |  | 3755489 | 14299 | SH |  | SOLE |  | 0 | 0 | 14299 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 2857754 | 9178 | SH |  | SOLE |  | 0 | 0 | 9178 |
| SMITH A O CORP | COM | 831865209 |  | 399306 | 6976 | SH |  | SOLE |  | 0 | 0 | 6976 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1513557 | 4910 | SH |  | SOLE |  | 0 | 0 | 4910 |
| VANGUARD BD INDEX FDS | COM | 921937819 |  | 276099 | 3715 | SH |  | SOLE |  | 0 | 0 | 3715 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 845215 | 18568 | SH |  | SOLE |  | 0 | 0 | 18568 |
| BLACKROCK INC | COM | 09247X101 |  | 715716 | 1010 | SH |  | SOLE |  | 0 | 0 | 1010 |
| VANGUARD BD INDEX FDS | COM | 921937827 |  | 737443 | 9796 | SH |  | SOLE |  | 0 | 0 | 9796 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 2305331 | 29990 | SH |  | SOLE |  | 0 | 0 | 29990 |
| CATERPILLAR INC | COM | 149123101 |  | 2444231 | 10203 | SH |  | SOLE |  | 0 | 0 | 10203 |
| CI FINL CORP | COM | 125491100 |  | 184617 | 18500 | SH |  | SOLE |  | 0 | 0 | 18500 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 235346 | 2987 | SH |  | SOLE |  | 0 | 0 | 2987 |
| CLOROX CO DEL | COM | 189054109 |  | 910461 | 6488 | SH |  | SOLE |  | 0 | 0 | 6488 |
| COMCAST CORP NEW | COM | 20030N101 |  | 3148419 | 90032 | SH |  | SOLE |  | 0 | 0 | 90032 |
| CUMMINS INC | COM | 231021106 |  | 2238275 | 9238 | SH |  | SOLE |  | 0 | 0 | 9238 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 258420 | 2190 | SH |  | SOLE |  | 0 | 0 | 2190 |
| CISCO SYS INC | COM | 17275R102 |  | 3740455 | 78515 | SH |  | SOLE |  | 0 | 0 | 78515 |
| CVS HEALTH CORP | COM | 126650100 |  | 398946 | 4281 | SH |  | SOLE |  | 0 | 0 | 4281 |
| DEERE  CO | COM | 244199105 |  | 2457224 | 5731 | SH |  | SOLE |  | 0 | 0 | 5731 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 757039 | 7550 | SH |  | SOLE |  | 0 | 0 | 7550 |
| ECOLAB INC | COM | 278865100 |  | 280931 | 1930 | SH |  | SOLE |  | 0 | 0 | 1930 |
| EMERSON ELEC CO | COM | 291011104 |  | 2235316 | 23270 | SH |  | SOLE |  | 0 | 0 | 23270 |
| ENBRIDGE INC | COM | 29250N105 |  | 408439 | 10446 | SH |  | SOLE |  | 0 | 0 | 10446 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 5225019 | 216626 | SH |  | SOLE |  | 0 | 0 | 216626 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 780078 | 3681 | SH |  | SOLE |  | 0 | 0 | 3681 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 440068 | 2990 | SH |  | SOLE |  | 0 | 0 | 2990 |
| FASTENAL CO | COM | 311900104 |  | 4088921 | 86410 | SH |  | SOLE |  | 0 | 0 | 86410 |
| FEDEX CORP | COM | 31428X106 |  | 304832 | 1760 | SH |  | SOLE |  | 0 | 0 | 1760 |
| ISHARES TR | COM | 46429B655 |  | 684337 | 13597 | SH |  | SOLE |  | 0 | 0 | 13597 |
| FEDERAL RLTY INVT TR NEW | COM | 313745101 |  | 1359897 | 13459 | SH |  | SOLE |  | 0 | 0 | 13459 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 1553715 | 31439 | SH |  | SOLE |  | 0 | 0 | 31439 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 820748 | 3308 | SH |  | SOLE |  | 0 | 0 | 3308 |
| HORMEL FOODS CORP | COM | 440452100 |  | 320900 | 7045 | SH |  | SOLE |  | 0 | 0 | 7045 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 317665 | 3030 | SH |  | SOLE |  | 0 | 0 | 3030 |
| INTEL CORP | COM | 458140100 |  | 1978603 | 74862 | SH |  | SOLE |  | 0 | 0 | 74862 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 4138556 | 18786 | SH |  | SOLE |  | 0 | 0 | 18786 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1050538 | 5947 | SH |  | SOLE |  | 0 | 0 | 5947 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2351980 | 17539 | SH |  | SOLE |  | 0 | 0 | 17539 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 2414607 | 74918 | SH |  | SOLE |  | 0 | 0 | 74918 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1222063 | 2512 | SH |  | SOLE |  | 0 | 0 | 2512 |
| LOWES COS INC | COM | 548661107 |  | 4464570 | 22408 | SH |  | SOLE |  | 0 | 0 | 22408 |
| MEDTRONIC PLC | COM | G5960L103 |  | 1515385 | 19498 | SH |  | SOLE |  | 0 | 0 | 19498 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1702423 | 37244 | SH |  | SOLE |  | 0 | 0 | 37244 |
| MERCK  CO INC | COM | 58933Y105 |  | 2404287 | 21670 | SH |  | SOLE |  | 0 | 0 | 21670 |
| MICROSOFT CORP | COM | 594918104 |  | 7387895 | 30806 | SH |  | SOLE |  | 0 | 0 | 30806 |
| PROSHARES TR | COM | 74348A467 |  | 451750 | 5020 | SH |  | SOLE |  | 0 | 0 | 5020 |
| REALTY INCOME CORP | COM | 756109104 |  | 609245 | 9605 | SH |  | SOLE |  | 0 | 0 | 9605 |
| PAYCHEX INC | COM | 704326107 |  | 271566 | 2350 | SH |  | SOLE |  | 0 | 0 | 2350 |
| PEPSICO INC | COM | 713448108 |  | 1595589 | 8832 | SH |  | SOLE |  | 0 | 0 | 8832 |
| PFIZER INC | COM | 717081103 |  | 1305441 | 25477 | SH |  | SOLE |  | 0 | 0 | 25477 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 445132 | 2937 | SH |  | SOLE |  | 0 | 0 | 2937 |
| POLARIS INC | COM | 731068102 |  | 3097367 | 30667 | SH |  | SOLE |  | 0 | 0 | 30667 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 322961 | 3191 | SH |  | SOLE |  | 0 | 0 | 3191 |
| PENTAIR PLC | COM | G7S00T104 |  | 1791868 | 39837 | SH |  | SOLE |  | 0 | 0 | 39837 |
| PPG INDS INC | COM | 693506107 |  | 330319 | 2627 | SH |  | SOLE |  | 0 | 0 | 2627 |
| PUBLIC STORAGE | COM | 74460D109 |  | 672456 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| QUALCOMM INC | COM | 747525103 |  | 4524911 | 41158 | SH |  | SOLE |  | 0 | 0 | 41158 |
| STARBUCKS CORP | COM | 855244109 |  | 689142 | 6947 | SH |  | SOLE |  | 0 | 0 | 6947 |
| SCHWAB STRATEGIC TR | COM | 808524102 |  | 506496 | 6705 | SH |  | SOLE |  | 0 | 0 | 6705 |
| SPDR SER TR | COM | 78464A763 |  | 405857 | 3244 | SH |  | SOLE |  | 0 | 0 | 3244 |
| SL GREEN RLTY CORP | COM | 78440X887 |  | 419949 | 12454 | SH |  | SOLE |  | 0 | 0 | 12454 |
| SPDR S 500 ETF TR | COM | 78462F103 |  | 3002076 | 7850 | SH |  | SOLE |  | 0 | 0 | 7850 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 1836008 | 24441 | SH |  | SOLE |  | 0 | 0 | 24441 |
| SYSCO CORP | COM | 871829107 |  | 615040 | 8045 | SH |  | SOLE |  | 0 | 0 | 8045 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 308353 | 7166 | SH |  | SOLE |  | 0 | 0 | 7166 |
| TARGET CORP | COM | 87612E106 |  | 2867828 | 19242 | SH |  | SOLE |  | 0 | 0 | 19242 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 2651358 | 24311 | SH |  | SOLE |  | 0 | 0 | 24311 |
| TAIWAN SEMICONDUCTOR MFG LTD | COM | 874039100 |  | 1144837 | 15369 | SH |  | SOLE |  | 0 | 0 | 15369 |
| THE TRADE DESK INC | COM | 88339J105 |  | 322776 | 7200 | SH |  | SOLE |  | 0 | 0 | 7200 |
| TELUS CORPORATION | COM | 87971M103 |  | 922709 | 47784 | SH |  | SOLE |  | 0 | 0 | 47784 |
| UNITED PARCEL SERVICE INC | COM | 911312106 |  | 1938490 | 11151 | SH |  | SOLE |  | 0 | 0 | 11151 |
| VANGUARD SCOTTSDALE FDS | COM | 92206C409 |  | 1575682 | 20956 | SH |  | SOLE |  | 0 | 0 | 20956 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 611338 | 4819 | SH |  | SOLE |  | 0 | 0 | 4819 |
| VANGUARD INDEX FDS | COM | 922908553 |  | 675099 | 8185 | SH |  | SOLE |  | 0 | 0 | 8185 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 200702 | 695 | SH |  | SOLE |  | 0 | 0 | 695 |
| VANGUARD INDEX FDS | COM | 922908769 |  | 577776 | 3022 | SH |  | SOLE |  | 0 | 0 | 3022 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 939020 | 23833 | SH |  | SOLE |  | 0 | 0 | 23833 |
| WHIRLPOOL CORP | COM | 963320106 |  | 474457 | 3354 | SH |  | SOLE |  | 0 | 0 | 3354 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 738049 | 15463 | SH |  | SOLE |  | 0 | 0 | 15463 |
| SELECT SECTOR SPDR TR | COM | 81369Y852 |  | 523475 | 10908 | SH |  | SOLE |  | 0 | 0 | 10908 |
| SELECT SECTOR SPDR TR | COM | 81369Y605 |  | 264708 | 7740 | SH |  | SOLE |  | 0 | 0 | 7740 |
| SELECT SECTOR SPDR TR | COM | 81369Y803 |  | 4152812 | 33372 | SH |  | SOLE |  | 0 | 0 | 33372 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 435244 | 3946 | SH |  | SOLE |  | 0 | 0 | 3946 |

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