# EDGAR Filing Document

**Accession Number:** 0000315032
**File Stem:** 0000315032-26-000001
**Filing Date:** 2026-2
**Character Count:** 24496
**Document Hash:** ea4571c97caec7b4e3f7c8f1ce273c05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000315032-26-000001.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0000315032-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STATE FARM MUTUAL AUTOMOBILE INSURANCE CO
- **CENTRAL INDEX KEY:** 0000315032

**ORGANIZATION NAME:**
- **EIN:** 370533100
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00534
- **FILM NUMBER:** 26619321

**BUSINESS ADDRESS:**
- **STREET 1:** ONE STATE FARM PLAZA
- **CITY:** BLOOMINGTON
- **STATE:** IL
- **ZIP:** 61710
- **BUSINESS PHONE:** 309-766-8411

**MAIL ADDRESS:**
- **STREET 1:** ONE STATE FARM PLAZA
- **CITY:** BLOOMINGTON
- **STATE:** IL
- **ZIP:** 61710

### 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:** STATE FARM MUTUAL AUTOMOBILE INSURANCE CO<br>**Address:** ONE STATE FARM PLAZA<br>BLOOMINGTON, IL 61710

**Form 13F File Number:** 028-00534

**CRD Number (if applicable):** 000105780

**SEC File Number (if applicable):** 801-33358

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:** Mark Schwamberger<br>**Title:** Senior Vice President Treasurer and Chief Financial Officer<br>**Phone:** 309-766-8826

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

Mark Schwamberger  Bloomington, IL  02-02-2026<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 5

**Form 13F Information Table Entry Total:** 200

**Form 13F Information Table Value Total:** $127325077550

      (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.]

|   No. | Name                           | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Northern Trust Investments Inc | 028-10487              |    000105780 | 801-33358         |
|     2 | Capital International Inc./CA/ | 028-04457              |    000110682 | 801-32104         |

### 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 |
| ADT INC DEL | COM | 00090Q103 |  | 1075999997 | 133333333 | SH |  | DFND | 5 | 133333333 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 287717398 | 11582826 | SH |  | DFND | 2533 | 11582826 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 312101907 | 12564489 | SH |  | SOLE |  | 12564489 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 496138126 | 3959918 | SH |  | DFND | 2533 | 3959918 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1206191888 | 9627200 | SH |  | SOLE |  | 9627200 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 530343112 | 2321078 | SH |  | DFND | 2533 | 2321078 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 816104588 | 3571730 | SH |  | SOLE |  | 3571730 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 6336569 | 18105 | SH |  | SOLE |  | 18105 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 125855354 | 359597 | SH |  | DFND | 25 | 359597 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 14156404 | 66102 | SH |  | DFND | 2 | 66102 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 376705577 | 2768469 | SH |  | SOLE |  | 2768469 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 143800001 | 1056809 | SH |  | DFND | 33 | 1056809 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1725748909 | 6986272 | SH |  | SOLE |  | 6986272 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1199165260 | 4854527 | SH |  | DFND | 2533 | 4854527 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 282550541 | 900416 | SH |  | DFND | 233 | 900416 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 245514296 | 782391 | SH |  | SOLE |  | 782391 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2121989760 | 6779520 | SH |  | SOLE |  | 6779520 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1251467900 | 3998300 | SH |  | DFND | 2533 | 3998300 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 518564828 | 2246620 | SH |  | SOLE |  | 2246620 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 320880322 | 980356 | SH |  | DFND | 2533 | 980356 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 567981043 | 1735300 | SH |  | SOLE |  | 1735300 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 17107643 | 126592 | SH |  | DFND | 2 | 126592 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 96119676 | 711260 | SH |  | SOLE |  | 711260 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3553943406 | 13072697 | SH |  | DFND | 2533 | 13072697 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2852529654 | 10492642 | SH |  | SOLE |  | 10492642 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1541940 | 6000 | SH |  | DFND | 2 | 6000 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 446770336 | 3663253 | SH |  | SOLE |  | 3663253 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 131876690 | 1081311 | SH |  | DFND | 2533 | 1081311 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 742308350 | 12911956 | SH |  | DFND | 2533 | 12911956 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1948025424 | 33884596 | SH |  | SOLE |  | 33884596 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 273201743 | 2085032 | SH |  | DFND | 2533 | 2085032 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 463085702 | 3534196 | SH |  | SOLE |  | 3534196 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 560124499 | 2177524 | SH |  | SOLE |  | 2177524 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 380639436 | 1479763 | SH |  | DFND | 2533 | 1479763 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 13545588 | 708822 | SH |  | SOLE |  | 708822 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 105415308 | 5516238 | SH |  | DFND | 533 | 5516238 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 23800163 | 122637 | SH |  | SOLE |  | 122637 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 74835721 | 385612 | SH |  | DFND | 2533 | 385612 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 4336739 | 71836 | SH |  | DFND | 2 | 71836 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 77098286 | 1277096 | SH |  | SOLE |  | 1277096 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 18900593 | 321384 | SH |  | DFND | 2 | 321384 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 231849064 | 8808855 | SH |  | SOLE |  | 8808855 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 23615962 | 897263 | SH |  | DFND | 33 | 897263 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 7634274145 | 13326364 | SH |  | SOLE |  | 13326364 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2351531671 | 4104826 | SH |  | DFND | 2533 | 4104826 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 630949204 | 4139815 | SH |  | DFND | 2533 | 4139815 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1401318504 | 9194400 | SH |  | SOLE |  | 9194400 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 45069847 | 239644 | SH |  | SOLE |  | 239644 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 70414160 | 374404 | SH |  | DFND | 25 | 374404 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 803853144 | 11498400 | SH |  | SOLE |  | 11498400 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 470396426 | 6728600 | SH |  | DFND | 2533 | 6728600 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 328005303 | 4150915 | SH |  | SOLE |  | 4150915 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 203844338 | 2579655 | SH |  | DFND | 2533 | 2579655 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 930772081 | 10630106 | SH |  | SOLE |  | 10630106 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 288049722 | 3289741 | SH |  | DFND | 233 | 3289741 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 249567303 | 3723218 | SH |  | SOLE |  | 3723218 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 262181544 | 3911406 | SH |  | DFND | 2533 | 3911406 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 627833250 | 1348526 | SH |  | SOLE |  | 1348526 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 693907410 | 1490447 | SH |  | DFND | 2533 | 1490447 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2202251920 | 19357053 | SH |  | SOLE |  | 19357053 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 382573128 | 3362689 | SH |  | DFND | 2533 | 3362689 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 524480022 | 5915633 | SH |  | SOLE |  | 5915633 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 286104401 | 3226984 | SH |  | DFND | 233 | 3226984 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 39388637 | 1684715 | SH |  | DFND | 2533 | 1684715 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 73217673 | 3131637 | SH |  | SOLE |  | 3131637 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 211775497 | 1806804 | SH |  | SOLE |  | 1806804 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 206583094 | 1762504 | SH |  | DFND | 2533 | 1762504 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 107483826 | 409431 | SH |  | SOLE |  | 409431 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 88246886 | 336153 | SH |  | DFND | 2533 | 336153 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 452683234 | 3410814 | SH |  | SOLE |  | 3410814 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 322251194 | 2428053 | SH |  | DFND | 2533 | 2428053 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2438521624 | 20263600 | SH |  | SOLE |  | 20263600 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1234291278 | 10256700 | SH |  | DFND | 2533 | 10256700 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 570993692 | 865024 | SH |  | DFND | 2533 | 865024 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 689448163 | 1044476 | SH |  | SOLE |  | 1044476 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 44169004 | 1100648 | SH |  | SOLE |  | 1100648 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 69310128 | 1727140 | SH |  | DFND | 2533 | 1727140 | 0 | 0 |
| GATX CORP | COM | 361448103 |  | 559417798 | 3298454 | SH |  | SOLE |  | 3298454 | 0 | 0 |
| GATX CORP | COM | 361448103 |  | 361058726 | 2128884 | SH |  | DFND | 533 | 2128884 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 65038005 | 792953 | SH |  | SOLE |  | 792953 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 43979124 | 536200 | SH |  | DFND | 2533 | 536200 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 732760862 | 2378862 | SH |  | SOLE |  | 2378862 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 473369415 | 1536764 | SH |  | DFND | 2533 | 1536764 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 25871289 | 315619 | SH |  | DFND | 25 | 315619 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 17989710 | 219467 | SH |  | SOLE |  | 219467 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 65746671 | 65157 | SH |  | SOLE |  | 65157 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 104235874 | 103301 | SH |  | DFND | 25 | 103301 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 10030399 | 49900 | SH |  | SOLE |  | 49900 | 0 | 0 |
| HNI CORP | COM | 404251100 |  | 48906099 | 1163323 | SH |  | DFND | 533 | 1163323 | 0 | 0 |
| HNI CORP | COM | 404251100 |  | 74057664 | 1761600 | SH |  | SOLE |  | 1761600 | 0 | 0 |
| HAGERTY INC | CL A COM | 405166109 |  | 696192000 | 51800000 | SH |  | SOLE |  | 51800000 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 224892212 | 7841430 | SH |  | SOLE |  | 7841430 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 29686620 | 166835 | SH |  | SOLE |  | 166835 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 30090366 | 169104 | SH |  | DFND | 2533 | 169104 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 4079516160 | 16563200 | SH |  | SOLE |  | 16563200 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1100148210 | 4466700 | SH |  | DFND | 2533 | 4466700 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 10201887 | 77782 | SH |  | SOLE |  | 77782 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 921408018 | 24970407 | SH |  | SOLE |  | 24970407 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 65161599 | 1765897 | SH |  | DFND | 533 | 1765897 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 151360636 | 2246040 | SH |  | SOLE |  | 2246040 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 106164791 | 1575379 | SH |  | DFND | 2533 | 1575379 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1700370535 | 2566907 | SH |  | SOLE |  | 2566907 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 325663557 | 491627 | SH |  | DFND | 2533 | 491627 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 48490044 | 85617 | SH |  | DFND | 2 | 85617 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 349688 | 31111 | SH |  | DFND | 10 | 31111 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1911254 | 19851 | SH |  | DFND | 10 | 19851 | 0 | 0 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 13582926 | 262371 | SH |  | DFND | 10 | 262371 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 36638400 | 680000 | SH |  | DFND | 33 | 680000 | 0 | 0 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 5993387 | 58949 | SH |  | DFND | 10 | 58949 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 54490867 | 2366596 | SH |  | DFND | 10 | 2366596 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 5368503 | 105555 | SH |  | DFND | 10 | 105555 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 79341131 | 886889 | SH |  | DFND | 10 | 886889 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 13153652 | 195681 | SH |  | DFND | 10 | 195681 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 2461376 | 65821 | SH |  | DFND | 10 | 65821 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4518297960 | 21832800 | SH |  | SOLE |  | 21832800 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2019449556 | 9758152 | SH |  | DFND | 2533 | 9758152 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 1536930390 | 1264880 | SH |  | SOLE |  | 1264880 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 188659396 | 155265 | SH |  | DFND | 533 | 155265 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 8803787 | 51430 | SH |  | SOLE |  | 51430 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 69144737 | 403930 | SH |  | DFND | 25 | 403930 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 9768955116 | 9090106 | SH |  | SOLE |  | 9090106 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 3643284489 | 3390111 | SH |  | DFND | 2533 | 3390111 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 368198253 | 1827468 | SH |  | SOLE |  | 1827468 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 462421181 | 2295122 | SH |  | DFND | 2533 | 2295122 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 498441512 | 7318184 | SH |  | DFND | 2533 | 7318184 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 626921492 | 9204544 | SH |  | SOLE |  | 9204544 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1013653800 | 9630000 | SH |  | SOLE |  | 9630000 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 438404637 | 4164969 | SH |  | DFND | 2533 | 4164969 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 12300938 | 8823 | SH |  | SOLE |  | 8823 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 45532851 | 32659 | SH |  | DFND | 25 | 32659 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2180671597 | 4509060 | SH |  | SOLE |  | 4509060 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2829703179 | 5851088 | SH |  | DFND | 2533 | 5851088 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 15550772 | 64679 | SH |  | SOLE |  | 64679 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 29246386 | 121642 | SH |  | DFND | 25 | 121642 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 400577630 | 2932701 | SH |  | SOLE |  | 2932701 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 165601853 | 1212401 | SH |  | DFND | 2533 | 1212401 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 211307082 | 4153048 | SH |  | SOLE |  | 4153048 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 101237462 | 1989730 | SH |  | DFND | 233 | 1989730 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 3158281314 | 19362892 | SH |  | SOLE |  | 19362892 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 808373323 | 4956001 | SH |  | DFND | 2533 | 4956001 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 8456536 | 82535 | SH |  | SOLE |  | 82535 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 320130258 | 2230562 | SH |  | SOLE |  | 2230562 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 276976234 | 1929879 | SH |  | DFND | 2533 | 1929879 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 874028321 | 35101539 | SH |  | SOLE |  | 35101539 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 483234823 | 19407021 | SH |  | DFND | 533 | 19407021 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1680919247 | 11729253 | SH |  | SOLE |  | 11729253 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 583493258 | 4071546 | SH |  | DFND | 2533 | 4071546 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 666662705 | 8330160 | SH |  | SOLE |  | 8330160 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 208210850 | 2601660 | SH |  | DFND | 2533 | 2601660 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 34229997 | 465841 | SH |  | SOLE |  | 465841 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 102297901 | 1392187 | SH |  | DFND | 25 | 1392187 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 17028732 | 597919 | SH |  | DFND | 10 | 597919 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 5397542 | 203758 | SH |  | DFND | 10 | 203758 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 |  | 29367033 | 181873 | SH |  | DFND | 2 | 181873 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 90375280 | 1140526 | SH |  | SOLE |  | 1140526 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 73594388 | 928753 | SH |  | DFND | 2533 | 928753 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 197248307 | 2676731 | SH |  | SOLE |  | 2676731 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 56498123 | 766700 | SH |  | DFND | 33 | 766700 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 305151388 | 1758899 | SH |  | SOLE |  | 1758899 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 458687782 | 2643886 | SH |  | DFND | 2533 | 2643886 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 576623204 | 3601644 | SH |  | DFND | 2533 | 3601644 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 693615799 | 4332391 | SH |  | SOLE |  | 4332391 | 0 | 0 |
| TIDAL TRUST I | ACADEMY VETERAN | 886364389 |  | 15412290 | 771000 | SH |  | SOLE |  | 771000 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 195553728 | 3664800 | SH |  | SOLE |  | 3664800 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 152114579 | 2850723 | SH |  | DFND | 2533 | 2850723 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 173672774 | 2655547 | SH |  | SOLE |  | 2655547 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 226735391 | 3466902 | SH |  | DFND | 2533 | 3466902 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 345721157 | 1494558 | SH |  | SOLE |  | 1494558 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 352406305 | 1523458 | SH |  | DFND | 2533 | 1523458 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 31373041 | 218597 | SH |  | DFND | 10 | 218597 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 18672300 | 207470 | SH |  | DFND | 10 | 207470 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 1005000 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 128137500 | 1530000 | SH |  | DFND | 24533 | 1530000 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 12607224 | 250690 | SH |  | DFND | 10 | 250690 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 178152065 | 284075 | SH |  | DFND | 10 | 284075 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 263629853 | 6472621 | SH |  | SOLE |  | 6472621 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 131870014 | 3237663 | SH |  | DFND | 2533 | 3237663 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 266585543 | 760131 | SH |  | SOLE |  | 760131 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 139785992 | 398580 | SH |  | DFND | 2533 | 398580 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 2195624701 | 7698004 | SH |  | SOLE |  | 7698004 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 529555424 | 1856656 | SH |  | DFND | 2533 | 1856656 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2584550456 | 23198550 | SH |  | SOLE |  | 23198550 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1759876590 | 15796397 | SH |  | DFND | 2533 | 15796397 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 13569047 | 35724 | SH |  | SOLE |  | 35724 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 32426467 | 85371 | SH |  | DFND | 25 | 85371 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2385449992 | 25594957 | SH |  | SOLE |  | 25594957 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1332295771 | 14295019 | SH |  | DFND | 2533 | 14295019 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 50351445 | 183003 | SH |  | SOLE |  | 183003 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 56468633 | 205236 | SH |  | DFND | 2533 | 205236 | 0 | 0 |
| WOODSIDE ENERGY GROUP LTD | SPONSORED ADR | 980228308 |  | 7195440 | 461542 | SH |  | SOLE |  | 461542 | 0 | 0 |
| WOODSIDE ENERGY GROUP LTD | SPONSORED ADR | 980228308 |  | 404732 | 25961 | SH |  | DFND | 2 | 25961 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 1540321531 | 12242263 | SH |  | SOLE |  | 12242263 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 459323525 | 3650640 | SH |  | DFND | 233 | 3650640 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 307392000 | 3200000 | SH |  | SOLE |  | 3200000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 40550864 | 422141 | SH |  | DFND | 533 | 422141 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 674588031 | 2399303 | SH |  | SOLE |  | 2399303 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1638565480 | 1531570 | SH |  | SOLE |  | 1531570 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1312293486 | 1226603 | SH |  | DFND | 2533 | 1226603 | 0 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 9470343 | 597498 | SH |  | SOLE |  | 597498 | 0 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 12363824 | 780052 | SH |  | DFND | 2533 | 780052 | 0 | 0 |

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