# EDGAR Filing Document

**Accession Number:** 0001134152
**File Stem:** 0001134152-23-000002
**Filing Date:** 2023-2
**Character Count:** 19659
**Document Hash:** ca29647be23d545ed961aaca065ccab1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001134152-23-000002.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001134152-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**EFFECTIVENESS DATE**: 20230203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADELL HARRIMAN & CARPENTER INC
- **CENTRAL INDEX KEY:** 0001134152
- **IRS NUMBER:** 760484482

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06247
- **FILM NUMBER:** 23584284

**BUSINESS ADDRESS:**
- **STREET 1:** 2700 POST OAK BLVD
- **STREET 2:** STE 1200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056
- **BUSINESS PHONE:** 7136211155

**MAIL ADDRESS:**
- **STREET 1:** 2700 POST OAK BLVD
- **STREET 2:** STE 1200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056

### 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:** ADELL HARRIMAN  CARPENTER INC<br>**Address:** 2700 POST OAK BLVD<br>STE 1200<br>HOUSTON, TX 77056

**Form 13F File Number:** 028-06247

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:** Leia P. Carpenter<br>**Title:** Principal<br>**Phone:** 713-621-1155

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

Leia P. Carpenter  Houston, TX  02-03-2023<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:** 163

**Form 13F Information Table Value Total:** $869716214

      (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 Company | Com | 88579Y101 |  | 203264 | 1695 | SH |  | SOLE |  | 1695 | 0 | 0 |
| Abbott Laboratories | Com | 002824100 |  | 2356152 | 21460 | SH |  | SOLE |  | 21460 | 0 | 0 |
| AbbVie Inc | Com | 00287Y109 |  | 29041518 | 179701 | SH |  | SOLE |  | 179701 | 0 | 0 |
| Adobe Inc | Com | 00724F101 |  | 2940935 | 8739 | SH |  | SOLE |  | 8739 | 0 | 0 |
| Albemarle Corp | Com | 012653101 |  | 492489 | 2271 | SH |  | SOLE |  | 2271 | 0 | 0 |
| Algonquin Power  Utilities Corp | Com | 015857105 |  | 559246 | 85774 | SH |  | SOLE |  | 85774 | 0 | 0 |
| Alphabet Inc Class A | Com | 02079K305 |  | 10903343 | 123578 | SH |  | SOLE |  | 123578 | 0 | 0 |
| Alphabet Inc Class C | Com | 02079K107 |  | 9392572 | 105855 | SH |  | SOLE |  | 105855 | 0 | 0 |
| Amazon.com Inc | Com | 023135106 |  | 15058201 | 179264 | SH |  | SOLE |  | 179264 | 0 | 0 |
| American Tower Corp | Com | 03027X100 |  | 13220380 | 62401 | SH |  | SOLE |  | 62401 | 0 | 0 |
| Amgen Inc | Com | 031162100 |  | 4831507 | 18395 | SH |  | SOLE |  | 18395 | 0 | 0 |
| Apple Inc | Com | 037833100 |  | 55555576 | 427580 | SH |  | SOLE |  | 427580 | 0 | 0 |
| AT Inc | Com | 00206R102 |  | 2043859 | 111019 | SH |  | SOLE |  | 111019 | 0 | 0 |
| Automatic Data Processing Inc | Com | 053015103 |  | 830402 | 3476 | SH |  | SOLE |  | 3476 | 0 | 0 |
| Bank of America Corp | Com | 060505104 |  | 1002172 | 30258 | SH |  | SOLE |  | 30258 | 0 | 0 |
| Berkshire Hathaway Inc Class B | Com | 084670702 |  | 535787 | 1734 | SH |  | SOLE |  | 1734 | 0 | 0 |
| BlackRock Inc | Com | 09247X101 |  | 10337017 | 14587 | SH |  | SOLE |  | 14587 | 0 | 0 |
| Blackstone Inc | Com | 09260D107 |  | 21795932 | 293785 | SH |  | SOLE |  | 293785 | 0 | 0 |
| Boeing Co | Com | 097023105 |  | 677763 | 3558 | SH |  | SOLE |  | 3558 | 0 | 0 |
| Broadcom Inc | Com | 11135F101 |  | 35100745 | 62777 | SH |  | SOLE |  | 62777 | 0 | 0 |
| Capital One Financial Corp | Com | 14040H105 |  | 514719 | 5537 | SH |  | SOLE |  | 5537 | 0 | 0 |
| Caterpillar Inc | Com | 149123101 |  | 1752297 | 7314 | SH |  | SOLE |  | 7314 | 0 | 0 |
| Centerpoint Energy Inc | Com | 15189T107 |  | 392299 | 13081 | SH |  | SOLE |  | 13081 | 0 | 0 |
| Chesapeake Utilities Corp | Com | 165303108 |  | 1119755 | 9475 | SH |  | SOLE |  | 9475 | 0 | 0 |
| Chevron Corp | Com | 166764100 |  | 8471625 | 47198 | SH |  | SOLE |  | 47198 | 0 | 0 |
| Cisco Systems Inc | Com | 17275R102 |  | 7743090 | 162533 | SH |  | SOLE |  | 162533 | 0 | 0 |
| Citigroup Inc | Com | 172967424 |  | 317017 | 7009 | SH |  | SOLE |  | 7009 | 0 | 0 |
| Coca Cola Company | Com | 191216100 |  | 8612421 | 135394 | SH |  | SOLE |  | 135394 | 0 | 0 |
| Comcast Corp A | Com | 20030N101 |  | 3822675 | 109313 | SH |  | SOLE |  | 109313 | 0 | 0 |
| ConocoPhillips | Com | 20825C104 |  | 830506 | 7038 | SH |  | SOLE |  | 7038 | 0 | 0 |
| Costco Wholesale Corp | Com | 22160K105 |  | 15325618 | 33572 | SH |  | SOLE |  | 33572 | 0 | 0 |
| Crowdstrike Hldgs Inc Cl A | Com | 22788C105 |  | 1763923 | 16753 | SH |  | SOLE |  | 16753 | 0 | 0 |
| Crown Castle Inc | Com | 22822V101 |  | 7144497 | 52672 | SH |  | SOLE |  | 52672 | 0 | 0 |
| Cummins Inc | Com | 231021106 |  | 3309681 | 13660 | SH |  | SOLE |  | 13660 | 0 | 0 |
| CVS Health Corp | Com | 126650100 |  | 12472437 | 133838 | SH |  | SOLE |  | 133838 | 0 | 0 |
| Danaher Corp | Com | 235851102 |  | 4937342 | 18602 | SH |  | SOLE |  | 18602 | 0 | 0 |
| Darden Restaurants Inc. | Com | 237194105 |  | 5053194 | 36530 | SH |  | SOLE |  | 36530 | 0 | 0 |
| Devon Energy Corporation | Com | 25179M103 |  | 2860522 | 46505 | SH |  | SOLE |  | 46505 | 0 | 0 |
| Digital Realty Trust Inc | Com | 253868103 |  | 915765 | 9133 | SH |  | SOLE |  | 9133 | 0 | 0 |
| Dow Inc | Com | 260557103 |  | 2029379 | 40273 | SH |  | SOLE |  | 40273 | 0 | 0 |
| Duke Energy Corp | Com | 26441C204 |  | 407428 | 3956 | SH |  | SOLE |  | 3956 | 0 | 0 |
| Eaton Corp PLC | Com | G29183103 |  | 6034099 | 38446 | SH |  | SOLE |  | 38446 | 0 | 0 |
| Eli Lilly and Company | Com | 532457108 |  | 313524 | 857 | SH |  | SOLE |  | 857 | 0 | 0 |
| Emerson Electric Co | Com | 291011104 |  | 2847122 | 29639 | SH |  | SOLE |  | 29639 | 0 | 0 |
| Enbridge Inc | Com | 29250N105 |  | 5382349 | 137656 | SH |  | SOLE |  | 137656 | 0 | 0 |
| Enterprise Products Partners LP | Com | 293792107 |  | 4885485 | 202549 | SH |  | SOLE |  | 202549 | 0 | 0 |
| EOG Resources Inc | Com | 26875P101 |  | 272898 | 2107 | SH |  | SOLE |  | 2107 | 0 | 0 |
| Equinix Inc | Com | 29444U700 |  | 12076290 | 18436 | SH |  | SOLE |  | 18436 | 0 | 0 |
| Exxon Mobil Corporation | Com | 30231G102 |  | 18457797 | 167341 | SH |  | SOLE |  | 167341 | 0 | 0 |
| Fidelity Blue Chip Growth ETF | Com | 316092352 |  | 696897 | 33044 | SH |  | SOLE |  | 33044 | 0 | 0 |
| Fidelity International High Dividend ETF | Com | 316092725 |  | 303985 | 16300 | SH |  | SOLE |  | 16300 | 0 | 0 |
| First Financial Bankshares Inc | Com | 32020R109 |  | 206400 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Flaherty  Crumrine Dynamic Pfd | Com | 33848W106 |  | 258198 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| Generac Holdings Inc. | Com | 368736104 |  | 235846 | 2343 | SH |  | SOLE |  | 2343 | 0 | 0 |
| General Dynamics Corporation | Com | 369550108 |  | 210645 | 849 | SH |  | SOLE |  | 849 | 0 | 0 |
| General Mills Inc | Com | 370334104 |  | 1156123 | 13788 | SH |  | SOLE |  | 13788 | 0 | 0 |
| Gilead Sciences Inc | Com | 375558103 |  | 646278 | 7528 | SH |  | SOLE |  | 7528 | 0 | 0 |
| Goldman Sachs Access Ultra Short Bd ETF | Com | 381430230 |  | 7680727 | 154994 | SH |  | SOLE |  | 154994 | 0 | 0 |
| Goldman Sachs Group Inc | Com | 38141G104 |  | 8967712 | 26116 | SH |  | SOLE |  | 26116 | 0 | 0 |
| Home Depot Inc | Com | 437076102 |  | 21765849 | 68909 | SH |  | SOLE |  | 68909 | 0 | 0 |
| Honeywell International | Com | 438516106 |  | 12512939 | 58389 | SH |  | SOLE |  | 58389 | 0 | 0 |
| Independent Bank Group In | Com | 45384B106 |  | 466941 | 7772 | SH |  | SOLE |  | 7772 | 0 | 0 |
| Intel Corp | Com | 458140100 |  | 1381748 | 52279 | SH |  | SOLE |  | 52279 | 0 | 0 |
| International Business Machines | Com | 459200101 |  | 6973491 | 49496 | SH |  | SOLE |  | 49496 | 0 | 0 |
| Invesco QQQ Trust Series 1 | Com | 46090E103 |  | 214089 | 804 | SH |  | SOLE |  | 804 | 0 | 0 |
| Invesco Senior Loan | Com | 46138G508 |  | 1629061 | 79350 | SH |  | SOLE |  | 79350 | 0 | 0 |
| IQvia Hldgs Inc | Com | 46266C105 |  | 1417224 | 6917 | SH |  | SOLE |  | 6917 | 0 | 0 |
| Iron Mountain Inc | Com | 46284V101 |  | 15971242 | 320386 | SH |  | SOLE |  | 320386 | 0 | 0 |
| iShares 0-5 Year High Yield Corporate Bond | Com | 46434V407 |  | 14507340 | 354789 | SH |  | SOLE |  | 354789 | 0 | 0 |
| iShares Biotechnology ETF | Com | 464287556 |  | 1730158 | 13178 | SH |  | SOLE |  | 13178 | 0 | 0 |
| iShares Core Dividend Growth ETF | Com | 46434V621 |  | 319000 | 6380 | SH |  | SOLE |  | 6380 | 0 | 0 |
| iShares Core S 500 | Com | 464287200 |  | 344952 | 897 | SH |  | SOLE |  | 897 | 0 | 0 |
| iShares Dow Jones US Basic Materials Sector Index | Com | 464287838 |  | 346735 | 2779 | SH |  | SOLE |  | 2779 | 0 | 0 |
| iShares Dow Jones US Healthcare Provider | Com | 464288828 |  | 240921 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| iShares Dow Jones US Healthcare Sector Index | Com | 464287762 |  | 325131 | 1146 | SH |  | SOLE |  | 1146 | 0 | 0 |
| iShares Dow Jones US Real Estate | Com | 464287739 |  | 2020551 | 23999 | SH |  | SOLE |  | 23999 | 0 | 0 |
| iShares Morningstar Growth ETF | Com | 464287119 |  | 1668263 | 34270 | SH |  | SOLE |  | 34270 | 0 | 0 |
| iShares Morningstar Mid Cap Core Index | Com | 464288208 |  | 346153 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| iShares Morningstar Small-Cap Growth ETF | Com | 464288604 |  | 317007 | 8796 | SH |  | SOLE |  | 8796 | 0 | 0 |
| iShares MSCI Emerging Markets ETF | Com | 464287234 |  | 763495 | 20145 | SH |  | SOLE |  | 20145 | 0 | 0 |
| iShares Preferred  Income Securities ETF | Com | 464288687 |  | 741268 | 24280 | SH |  | SOLE |  | 24280 | 0 | 0 |
| iShares Russell 1000 Growth ETF | Com | 464287614 |  | 291366 | 1360 | SH |  | SOLE |  | 1360 | 0 | 0 |
| iShares Russell 2000 ETF | Com | 464287655 |  | 896559 | 5142 | SH |  | SOLE |  | 5142 | 0 | 0 |
| iShares Short-Term National Muni Bond | Com | 464288158 |  | 842501 | 8080 | SH |  | SOLE |  | 8080 | 0 | 0 |
| iShares U.S. Financials ETF | Com | 464287788 |  | 426254 | 5648 | SH |  | SOLE |  | 5648 | 0 | 0 |
| iShares U.S. Industrials ETF | Com | 464287754 |  | 722292 | 7488 | SH |  | SOLE |  | 7488 | 0 | 0 |
| iShares U.S. Technology ETF | Com | 464287721 |  | 1322197 | 17750 | SH |  | SOLE |  | 17750 | 0 | 0 |
| iShares US Consumer Services ETF | Com | 464287580 |  | 524715 | 9212 | SH |  | SOLE |  | 9212 | 0 | 0 |
| Johnson  Johnson | Com | 478160104 |  | 16627835 | 94128 | SH |  | SOLE |  | 94128 | 0 | 0 |
| Joint Corp | Com | 47973J102 |  | 699000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| JP Morgan Chase  Co. | Com | 46625H100 |  | 15070457 | 112382 | SH |  | SOLE |  | 112382 | 0 | 0 |
| JPMorgan Ultra-Short Income ETF | Com | 46641Q837 |  | 1669078 | 33295 | SH |  | SOLE |  | 33295 | 0 | 0 |
| JPMorgan Ultra-Short Municipal Inc ETF | Com | 46641Q654 |  | 593786 | 11750 | SH |  | SOLE |  | 11750 | 0 | 0 |
| Kinder Morgan Inc | Com | 49456B101 |  | 1364886 | 75491 | SH |  | SOLE |  | 75491 | 0 | 0 |
| KKR  Co Inc A | Com | 48251W104 |  | 9988841 | 215184 | SH |  | SOLE |  | 215184 | 0 | 0 |
| L3 Harris Technologies Inc | Com | 502431109 |  | 2234093 | 10730 | SH |  | SOLE |  | 10730 | 0 | 0 |
| Lockheed Martin Corp | Com | 539830109 |  | 380446 | 782 | SH |  | SOLE |  | 782 | 0 | 0 |
| Logitech Intl SA | Com | H50430232 |  | 429525 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| Lowe's Companies Inc | Com | 548661107 |  | 360624 | 1810 | SH |  | SOLE |  | 1810 | 0 | 0 |
| Lululemon Athletica Inc. | Com | 550021109 |  | 1152086 | 3596 | SH |  | SOLE |  | 3596 | 0 | 0 |
| Lyondellbasell Industries N V | Com | N53745100 |  | 5631343 | 67823 | SH |  | SOLE |  | 67823 | 0 | 0 |
| Magellan Midstream Partners LP | Com | 559080106 |  | 261092 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| MainStreet Capital Corp | Com | 56035L104 |  | 3712366 | 100470 | SH |  | SOLE |  | 100470 | 0 | 0 |
| Marathon Petroleum Corp | Com | 56585A102 |  | 5864659 | 50388 | SH |  | SOLE |  | 50388 | 0 | 0 |
| Marvell Technology Inc | Com | 573874104 |  | 663771 | 17920 | SH |  | SOLE |  | 17920 | 0 | 0 |
| Mastercard Inc | Com | 57636Q104 |  | 8621617 | 24794 | SH |  | SOLE |  | 24794 | 0 | 0 |
| MATTERPORT INC | Com | 577096100 |  | 56000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| McDonald's Corporation | Com | 580135101 |  | 9892622 | 37538 | SH |  | SOLE |  | 37538 | 0 | 0 |
| Merck  Co Inc | Com | 58933Y105 |  | 1476109 | 13304 | SH |  | SOLE |  | 13304 | 0 | 0 |
| Meta Platforms Inc | Com | 30303M102 |  | 434547 | 3611 | SH |  | SOLE |  | 3611 | 0 | 0 |
| Micron Technology Inc | Com | 595112103 |  | 2217625 | 44370 | SH |  | SOLE |  | 44370 | 0 | 0 |
| Microsoft Corp | Com | 594918104 |  | 36189161 | 150901 | SH |  | SOLE |  | 150901 | 0 | 0 |
| Mondelez Intl Inc | Com | 609207105 |  | 6584753 | 98796 | SH |  | SOLE |  | 98796 | 0 | 0 |
| Morgan Stanley | Com | 617446448 |  | 3608333 | 42441 | SH |  | SOLE |  | 42441 | 0 | 0 |
| Netflix Inc | Com | 64110L106 |  | 560861 | 1902 | SH |  | SOLE |  | 1902 | 0 | 0 |
| NextEra Energy Inc | Com | 65339F101 |  | 7745874 | 92654 | SH |  | SOLE |  | 92654 | 0 | 0 |
| NextEra Energy Partners LP | Com | 65341B106 |  | 8506402 | 121364 | SH |  | SOLE |  | 121364 | 0 | 0 |
| Nike Inc Class B | Com | 654106103 |  | 1011083 | 8641 | SH |  | SOLE |  | 8641 | 0 | 0 |
| NVIDIA Corp | Com | 67066G104 |  | 13065067 | 89401 | SH |  | SOLE |  | 89401 | 0 | 0 |
| Oracle Corporation | Com | 68389X105 |  | 3842419 | 47007 | SH |  | SOLE |  | 47007 | 0 | 0 |
| Palo Alto Networks Com | Com | 697435105 |  | 15210697 | 109006 | SH |  | SOLE |  | 109006 | 0 | 0 |
| PayPal Holdings Inc | Com | 70450Y103 |  | 353037 | 4957 | SH |  | SOLE |  | 4957 | 0 | 0 |
| Pepsico Incorporated | Com | 713448108 |  | 17515414 | 96952 | SH |  | SOLE |  | 96952 | 0 | 0 |
| Pfizer Inc | Com | 717081103 |  | 7651624 | 149329 | SH |  | SOLE |  | 149329 | 0 | 0 |
| Philip Morris International Inc | Com | 718172109 |  | 419178 | 4141 | SH |  | SOLE |  | 4141 | 0 | 0 |
| Phillips 66 | Com | 718546104 |  | 8017446 | 77031 | SH |  | SOLE |  | 77031 | 0 | 0 |
| Pioneer Natural Resources Co | Com | 723787107 |  | 266074 | 1165 | SH |  | SOLE |  | 1165 | 0 | 0 |
| Polo Ralph Lauren Corp Cl A | Com | 751212101 |  | 1103723 | 10445 | SH |  | SOLE |  | 10445 | 0 | 0 |
| Procter  Gamble Co | Com | 742718109 |  | 3552802 | 23441 | SH |  | SOLE |  | 23441 | 0 | 0 |
| ProLogis Inc | Com | 74340W103 |  | 4128848 | 36626 | SH |  | SOLE |  | 36626 | 0 | 0 |
| Proshares Ultra QQQ | Com | 74347R206 |  | 465961 | 13298 | SH |  | SOLE |  | 13298 | 0 | 0 |
| Proshares Ultra Short S | Com | 74347G416 |  | 312136 | 6790 | SH |  | SOLE |  | 6790 | 0 | 0 |
| Public Storage Inc | Com | 74460D109 |  | 260296 | 929 | SH |  | SOLE |  | 929 | 0 | 0 |
| Qualcomm Incorporated | Com | 747525103 |  | 10256296 | 93289 | SH |  | SOLE |  | 93289 | 0 | 0 |
| Quanta Services Inc | Com | 74762E102 |  | 15715197 | 110282 | SH |  | SOLE |  | 110282 | 0 | 0 |
| Raytheon Technologies Corp | Com | 75513E101 |  | 11400181 | 112962 | SH |  | SOLE |  | 112962 | 0 | 0 |
| Regeneron Pharmaceuticals | Com | 75886F107 |  | 257571 | 357 | SH |  | SOLE |  | 357 | 0 | 0 |
| Salesforce Inc | Com | 79466L302 |  | 5635207 | 42501 | SH |  | SOLE |  | 42501 | 0 | 0 |
| Shell PLC A Spons ADR | Com | 780259305 |  | 1151315 | 20216 | SH |  | SOLE |  | 20216 | 0 | 0 |
| Sherwin Williams Co | Com | 824348106 |  | 3493497 | 14720 | SH |  | SOLE |  | 14720 | 0 | 0 |
| Simon Property Group Inc | Com | 828806109 |  | 2946398 | 25080 | SH |  | SOLE |  | 25080 | 0 | 0 |
| SPDR Blackstone / GSO Senior Loan ETF | Com | 78467V608 |  | 12863050 | 314500 | SH |  | SOLE |  | 314500 | 0 | 0 |
| SPDR Bloomberg Short Term High Yield Bond ETF | Com | 78468R408 |  | 1339502 | 55260 | SH |  | SOLE |  | 55260 | 0 | 0 |
| SPDR S 500 Trust | Com | 78462F103 |  | 341510 | 893 | SH |  | SOLE |  | 893 | 0 | 0 |
| SPDR S Biotech | Com | 78464A870 |  | 358311 | 4317 | SH |  | SOLE |  | 4317 | 0 | 0 |
| Starbucks Corp | Com | 855244109 |  | 4518560 | 45550 | SH |  | SOLE |  | 45550 | 0 | 0 |
| Starwood Property Trust Inc | Com | 85571B105 |  | 7296898 | 398085 | SH |  | SOLE |  | 398085 | 0 | 0 |
| Tapestry Inc | Com | 876030107 |  | 338912 | 8900 | SH |  | SOLE |  | 8900 | 0 | 0 |
| Target Corporation | Com | 87612E106 |  | 5161255 | 34630 | SH |  | SOLE |  | 34630 | 0 | 0 |
| Tesla Inc | Com | 88160R101 |  | 1179223 | 9573 | SH |  | SOLE |  | 9573 | 0 | 0 |
| Texas Instruments Inc | Com | 882508104 |  | 2950994 | 17861 | SH |  | SOLE |  | 17861 | 0 | 0 |
| Thermo Fisher Scientific Inc | Com | 883556102 |  | 8170587 | 14837 | SH |  | SOLE |  | 14837 | 0 | 0 |
| Toronto-Dominion Bank | Com | 891160509 |  | 7074770 | 109246 | SH |  | SOLE |  | 109246 | 0 | 0 |
| United Rentals Inc | Com | 911363109 |  | 1021832 | 2875 | SH |  | SOLE |  | 2875 | 0 | 0 |
| UnitedHealth Group Inc | Com | 91324P102 |  | 17666894 | 33322 | SH |  | SOLE |  | 33322 | 0 | 0 |
| Valero Energy Corp | Com | 91913Y100 |  | 7927722 | 62491 | SH |  | SOLE |  | 62491 | 0 | 0 |
| Verizon Communications | Com | 92343V104 |  | 3567551 | 90547 | SH |  | SOLE |  | 90547 | 0 | 0 |
| Visa Inc | Com | 92826C839 |  | 20124258 | 96863 | SH |  | SOLE |  | 96863 | 0 | 0 |
| Walgreens Boots Alliance | Com | 931427108 |  | 905830 | 24246 | SH |  | SOLE |  | 24246 | 0 | 0 |
| Walmart Inc | Com | 931142103 |  | 3778753 | 26650 | SH |  | SOLE |  | 26650 | 0 | 0 |
| Walt Disney Co | Com | 254687106 |  | 2487634 | 28632 | SH |  | SOLE |  | 28632 | 0 | 0 |
| Waste Management Inc | Com | 94106L109 |  | 413849 | 2638 | SH |  | SOLE |  | 2638 | 0 | 0 |
| Williams Companies | Com | 969457100 |  | 11262193 | 342315 | SH |  | SOLE |  | 342315 | 0 | 0 |

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