# EDGAR Filing Document

**Accession Number:** 0001482012
**File Stem:** 0001062993-23-002080
**Filing Date:** 2023-2
**Character Count:** 37818
**Document Hash:** 6a9e7ff27758bbca72a141586c4c4e0f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-23-002080.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001062993-23-002080

**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:** Smith, Salley & Associates
- **CENTRAL INDEX KEY:** 0001482012
- **IRS NUMBER:** 562414755
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13643
- **FILM NUMBER:** 23585351

**BUSINESS ADDRESS:**
- **STREET 1:** 324 WEST WENDOVER AVENUE, SUITE 301
- **CITY:** GREENSBORO
- **STATE:** NC
- **ZIP:** 27408
- **BUSINESS PHONE:** 336-379-7556

**MAIL ADDRESS:**
- **STREET 1:** 324 WEST WENDOVER AVENUE, SUITE 301
- **CITY:** GREENSBORO
- **STATE:** NC
- **ZIP:** 27408

### 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:** Smith Salley  Associates<br>**Address:** 324 WEST WENDOVER AVENUE SUITE 301<br>GREENSBORO, NC 27408

**Form 13F File Number:** 028-13643

**CRD Number (if applicable):** 000129614

**SEC File Number (if applicable):** 801-62538

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:** Brian May<br>**Title:** Chief Compliance Officer<br>**Phone:** 336-379-8740

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

Brian May  Greensboro, NC  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:** 1

**Form 13F Information Table Entry Total:** 352

**Form 13F Information Table Value Total:** $1169087801

      (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   |
|:---|:---|:---|
|  | AMERICAN NATIONAL BANK  TRUST CO /VA/ | 028-06978              |

### 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 |  | 37210972 | 286392 | SH |  | SOLE |  | 286392 | 0 | 0 |
| ABB LTD | SPONSORED ADR | 000375204 |  | 2192770 | 71988 | SH |  | SOLE |  | 71988 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 21297360 | 131782 | SH |  | SOLE |  | 131782 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 12856530 | 117101 | SH |  | SOLE |  | 117101 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 9556536 | 35814 | SH |  | SOLE |  | 35814 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 1433954 | 4261 | SH |  | SOLE |  | 4261 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 11498044 | 70097 | SH |  | SOLE |  | 70097 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 452225 | 2420 | SH |  | SOLE |  | 2420 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 541708 | 7530 | SH |  | SOLE |  | 7530 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 863502 | 8903 | SH |  | SOLE |  | 8903 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 399342 | 2945 | SH |  | SOLE |  | 2945 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 1405306 | 117994 | SH |  | SOLE |  | 117994 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 12814249 | 91714 | SH |  | SOLE |  | 91714 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2871993 | 10935 | SH |  | SOLE |  | 10935 | 0 | 0 |
| AMERICAN NATL BANKSHARES INC | COM | 027745108 |  | 55244 | 1496 | SH |  | SOLE |  | 1496 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 14133628 | 168257 | SH |  | SOLE |  | 168257 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 1679484 | 13840 | SH |  | SOLE |  | 13840 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 2846315 | 9233 | SH |  | SOLE |  | 9233 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 8082000 | 14791 | SH |  | SOLE |  | 14791 | 0 | 0 |
| ATLAS CORP | SHARES | Y0436Q109 |  | 168740 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 231508 | 2105 | SH |  | SOLE |  | 2105 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 5625758 | 10062 | SH |  | SOLE |  | 10062 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1848656 | 12512 | SH |  | SOLE |  | 12512 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 252399 | 1325 | SH |  | SOLE |  | 1325 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 2294669 | 89252 | SH |  | SOLE |  | 89252 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1938107 | 58518 | SH |  | SOLE |  | 58518 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 2177859 | 75963 | SH |  | SOLE |  | 75963 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 1508380 | 54770 | SH |  | SOLE |  | 54770 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 64485 | 91 | SH |  | SOLE |  | 91 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 503777 | 7002 | SH |  | SOLE |  | 7002 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 9585478 | 304688 | SH |  | SOLE |  | 304688 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2505179 | 8110 | SH |  | SOLE |  | 8110 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 19520627 | 63194 | SH |  | SOLE |  | 63194 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 707069 | 15633 | SH |  | SOLE |  | 15633 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2070007 | 8641 | SH |  | SOLE |  | 8641 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 1734465 | 7862 | SH |  | SOLE |  | 7862 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 315844 | 4104 | SH |  | SOLE |  | 4104 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 1435712 | 10585 | SH |  | SOLE |  | 10585 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 |  | 5959684 | 11676 | SH |  | SOLE |  | 11676 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 67365 | 855 | SH |  | SOLE |  | 855 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 888515 | 25408 | SH |  | SOLE |  | 25408 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 1400598 | 8329 | SH |  | SOLE |  | 8329 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 226452 | 496 | SH |  | SOLE |  | 496 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 428006 | 3228 | SH |  | SOLE |  | 3228 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 5014194 | 105252 | SH |  | SOLE |  | 105252 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 493357 | 15925 | SH |  | SOLE |  | 15925 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 19861526 | 110655 | SH |  | SOLE |  | 110655 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 6103516 | 99535 | SH |  | SOLE |  | 99535 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 14291142 | 80202 | SH |  | SOLE |  | 80202 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 219016 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 385172 | 1451 | SH |  | SOLE |  | 1451 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 6583190 | 75773 | SH |  | SOLE |  | 75773 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 2280722 | 22746 | SH |  | SOLE |  | 22746 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 6302412 | 61194 | SH |  | SOLE |  | 61194 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 625110 | 5116 | SH |  | SOLE |  | 5116 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 649582 | 4463 | SH |  | SOLE |  | 4463 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 117889 | 1796 | SH |  | SOLE |  | 1796 | 0 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 344262 | 28172 | SH |  | SOLE |  | 28172 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2480129 | 25819 | SH |  | SOLE |  | 25819 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 3894187 | 99596 | SH |  | SOLE |  | 99596 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 3651920 | 23268 | SH |  | SOLE |  | 23268 | 0 | 0 |
| FIRST BANCORP N C | COM | 318910106 |  | 42840 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 265426 | 350 | SH |  | SOLE |  | 350 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI COMMNTN SVC | 316092873 |  | 1520227 | 48945 | SH |  | SOLE |  | 48945 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI CONSM DIS | 316092204 |  | 1310872 | 23128 | SH |  | SOLE |  | 23128 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI ENERGY IDX | 316092402 |  | 589455 | 24725 | SH |  | SOLE |  | 24725 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI HLTH CARE I | 316092600 |  | 2377812 | 37165 | SH |  | SOLE |  | 37165 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INDL INDX | 316092709 |  | 1278168 | 25205 | SH |  | SOLE |  | 25205 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI MATLS INDEX | 316092881 |  | 572005 | 13104 | SH |  | SOLE |  | 13104 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 161376 | 12366 | SH |  | SOLE |  | 12366 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 2118217 | 44185 | SH |  | SOLE |  | 44185 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 316092857 |  | 429463 | 17310 | SH |  | SOLE |  | 17310 | 0 | 0 |
| FIDELITY COVINGTON TRUST | CONSMR STAPLES | 316092303 |  | 1034896 | 23095 | SH |  | SOLE |  | 23095 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 4717070 | 49911 | SH |  | SOLE |  | 49911 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 586056 | 12858 | SH |  | SOLE |  | 12858 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 299469 | 1207 | SH |  | SOLE |  | 1207 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 174361 | 2031 | SH |  | SOLE |  | 2031 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 2948411 | 35163 | SH |  | SOLE |  | 35163 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 627824 | 5208 | SH |  | SOLE |  | 5208 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 324830 | 3227 | SH |  | SOLE |  | 3227 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 14621639 | 164788 | SH |  | SOLE |  | 164788 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4211617 | 47735 | SH |  | SOLE |  | 47735 | 0 | 0 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 407791 | 3980 | SH |  | SOLE |  | 3980 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 3418073 | 242417 | SH |  | SOLE |  | 242417 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 4331451 | 13713 | SH |  | SOLE |  | 13713 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 241837 | 2320 | SH |  | SOLE |  | 2320 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 9027740 | 42127 | SH |  | SOLE |  | 42127 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 327992 | 2328 | SH |  | SOLE |  | 2328 | 0 | 0 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 2447262 | 48906 | SH |  | SOLE |  | 48906 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 7195281 | 75123 | SH |  | SOLE |  | 75123 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 6544478 | 106173 | SH |  | SOLE |  | 106173 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 2020350 | 43262 | SH |  | SOLE |  | 43262 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 313218 | 6287 | SH |  | SOLE |  | 6287 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 181176 | 749 | SH |  | SOLE |  | 749 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 105618 | 1116 | SH |  | SOLE |  | 1116 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 4229720 | 160035 | SH |  | SOLE |  | 160035 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1243550 | 6069 | SH |  | SOLE |  | 6069 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 112243 | 423 | SH |  | SOLE |  | 423 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 1172456 | 3488 | SH |  | SOLE |  | 3488 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 181620 | 2142 | SH |  | SOLE |  | 2142 | 0 | 0 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 7615564 | 169498 | SH |  | SOLE |  | 169498 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 415715 | 1082 | SH |  | SOLE |  | 1082 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 93892 | 446 | SH |  | SOLE |  | 446 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 458678 | 2141 | SH |  | SOLE |  | 2141 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 35744 | 205 | SH |  | SOLE |  | 205 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 236830 | 1104 | SH |  | SOLE |  | 1104 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 853447 | 10209 | SH |  | SOLE |  | 10209 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 695410 | 10310 | SH |  | SOLE |  | 10310 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 923717 | 4186 | SH |  | SOLE |  | 4186 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 364533 | 3036 | SH |  | SOLE |  | 3036 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 560399 | 8217 | SH |  | SOLE |  | 8217 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 7516042 | 42548 | SH |  | SOLE |  | 42548 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 19758430 | 147341 | SH |  | SOLE |  | 147341 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 1957323 | 39045 | SH |  | SOLE |  | 39045 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 450174 | 1194 | SH |  | SOLE |  | 1194 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 339375 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3385474 | 53222 | SH |  | SOLE |  | 53222 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 8641863 | 36699 | SH |  | SOLE |  | 36699 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 10088339 | 30929 | SH |  | SOLE |  | 30929 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 247510 | 677 | SH |  | SOLE |  | 677 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2456538 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| LIVE OAK BANCSHARES INC | COM | 53803X105 |  | 259841 | 8604 | SH |  | SOLE |  | 8604 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 16451396 | 82571 | SH |  | SOLE |  | 82571 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 22351 | 212 | SH |  | SOLE |  | 212 | 0 | 0 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 1046599 | 26829 | SH |  | SOLE |  | 26829 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 11718742 | 33701 | SH |  | SOLE |  | 33701 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 758148 | 5092 | SH |  | SOLE |  | 5092 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 231906 | 880 | SH |  | SOLE |  | 880 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 1865226 | 6695 | SH |  | SOLE |  | 6695 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2080141 | 31210 | SH |  | SOLE |  | 31210 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 6399919 | 82346 | SH |  | SOLE |  | 82346 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 6322209 | 52536 | SH |  | SOLE |  | 52536 | 0 | 0 |
| MACQUARIE / FIRST TR GLOBAL | COM | 55607W100 |  | 105170 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| MFS INTER INCOME TR | SH BEN INT | 55273C107 |  | 45016 | 16310 | SH |  | SOLE |  | 16310 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 8704656 | 6607 | SH |  | SOLE |  | 6607 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 233461 | 1411 | SH |  | SOLE |  | 1411 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 215825 | 4722 | SH |  | SOLE |  | 4722 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 14033707 | 126487 | SH |  | SOLE |  | 126487 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 41135595 | 171527 | SH |  | SOLE |  | 171527 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 652212 | 10631 | SH |  | SOLE |  | 10631 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 704979 | 8433 | SH |  | SOLE |  | 8433 | 0 | 0 |
| NEXIMMUNE INC | COM | 65344D109 |  | 2674 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2404353 | 20548 | SH |  | SOLE |  | 20548 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 438381 | 1779 | SH |  | SOLE |  | 1779 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 523064 | 5911 | SH |  | SOLE |  | 5911 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6576487 | 45001 | SH |  | SOLE |  | 45001 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 267352 | 2947 | SH |  | SOLE |  | 2947 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 10984970 | 69512 | SH |  | SOLE |  | 69512 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 2160035 | 18692 | SH |  | SOLE |  | 18692 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 14144959 | 78296 | SH |  | SOLE |  | 78296 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 254843 | 4974 | SH |  | SOLE |  | 4974 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 17168378 | 113278 | SH |  | SOLE |  | 113278 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 220046 | 4833 | SH |  | SOLE |  | 4833 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 992678 | 8806 | SH |  | SOLE |  | 8806 | 0 | 0 |
| PROTALIX BIOTHERAPEUTICS INC | COM | 74365A309 |  | 16506 | 12048 | SH |  | SOLE |  | 12048 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 218344 | 2157 | SH |  | SOLE |  | 2157 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 7209632 | 45648 | SH |  | SOLE |  | 45648 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 251480 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3053729 | 27776 | SH |  | SOLE |  | 27776 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 370706 | 1392 | SH |  | SOLE |  | 1392 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 10602564 | 24538 | SH |  | SOLE |  | 24538 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 13798727 | 136729 | SH |  | SOLE |  | 136729 | 0 | 0 |
| ROYAL BK CDA SUSTAINABL | COM | 780087102 |  | 399679 | 4251 | SH |  | SOLE |  | 4251 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 3173707 | 31993 | SH |  | SOLE |  | 31993 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 877941 | 19593 | SH |  | SOLE |  | 19593 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 252163 | 7829 | SH |  | SOLE |  | 7829 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 214769 | 3866 | SH |  | SOLE |  | 3866 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 570899 | 8647 | SH |  | SOLE |  | 8647 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 319211 | 7070 | SH |  | SOLE |  | 7070 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1307568 | 16109 | SH |  | SOLE |  | 16109 | 0 | 0 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 |  | 4520 | 774 | SH |  | SOLE |  | 774 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 241908 | 8148 | SH |  | SOLE |  | 8148 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 8663488 | 25866 | SH |  | SOLE |  | 25866 | 0 | 0 |
| SPLUNK INC | COM | 848637104 |  | 428900 | 4982 | SH |  | SOLE |  | 4982 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 7031986 | 18388 | SH |  | SOLE |  | 18388 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 11025545 | 47575 | SH |  | SOLE |  | 47575 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 67637 | 885 | SH |  | SOLE |  | 885 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 1615614 | 87757 | SH |  | SOLE |  | 87757 | 0 | 0 |
| TE CONNECTIVITY LTD | SHS | H84989104 |  | 4392474 | 38262 | SH |  | SOLE |  | 38262 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2719571 | 63202 | SH |  | SOLE |  | 63202 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 2323428 | 15589 | SH |  | SOLE |  | 15589 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 16353739 | 205449 | SH |  | SOLE |  | 205449 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 17068669 | 30995 | SH |  | SOLE |  | 30995 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 2700 | 12 | SH |  | SOLE |  | 12 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 326427 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 3109392 | 18820 | SH |  | SOLE |  | 18820 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 528752 | 1640 | SH |  | SOLE |  | 1640 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 1206103 | 23954 | SH |  | SOLE |  | 23954 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 924861 | 1744 | SH |  | SOLE |  | 1744 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 10093919 | 48746 | SH |  | SOLE |  | 48746 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2017662 | 11606 | SH |  | SOLE |  | 11606 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1747232 | 40065 | SH |  | SOLE |  | 40065 | 0 | 0 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 7062610 | 143812 | SH |  | SOLE |  | 143812 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 16224710 | 78094 | SH |  | SOLE |  | 78094 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 38360 | 209 | SH |  | SOLE |  | 209 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 596824 | 11903 | SH |  | SOLE |  | 11903 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 298022 | 10794 | SH |  | SOLE |  | 10794 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 2563134 | 8025 | SH |  | SOLE |  | 8025 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 209602 | 845 | SH |  | SOLE |  | 845 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2315035 | 15246 | SH |  | SOLE |  | 15246 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 426503 | 3362 | SH |  | SOLE |  | 3362 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 204744 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1864485 | 9752 | SH |  | SOLE |  | 9752 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1473204 | 6913 | SH |  | SOLE |  | 6913 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 4806115 | 44415 | SH |  | SOLE |  | 44415 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1242813 | 31543 | SH |  | SOLE |  | 31543 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 203945 | 4939 | SH |  | SOLE |  | 4939 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 211939 | 1495 | SH |  | SOLE |  | 1495 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1097768 | 32098 | SH |  | SOLE |  | 32098 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 802670 | 8173 | SH |  | SOLE |  | 8173 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 316241 | 4242 | SH |  | SOLE |  | 4242 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1140189 | 8393 | SH |  | SOLE |  | 8393 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 453222 | 3509 | SH |  | SOLE |  | 3509 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1662101 | 15069 | SH |  | SOLE |  | 15069 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 6300814 | 56985 | SH |  | SOLE |  | 56985 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 800372 | 6249 | SH |  | SOLE |  | 6249 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 236088 | 4320 | SH |  | SOLE |  | 4320 | 0 | 0 |
| ABB LTD | SPONSORED ADR | 000375204 |  | 639846 | 21014 | SH |  | OTR | 1 | 0 | 0 | 21014 |
| AT INC | COM | 00206R102 |  | 760374 | 41326 | SH |  | OTR | 1 | 0 | 0 | 41326 |
| ABBOTT LABS | COM | 002824100 |  | 6264154 | 57057 | SH |  | OTR | 1 | 0 | 0 | 57057 |
| ABBVIE INC | COM | 00287Y109 |  | 10168658 | 62922 | SH |  | OTR | 1 | 0 | 0 | 62922 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1069939 | 3471 | SH |  | OTR | 1 | 0 | 0 | 3471 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 8962401 | 101009 | SH |  | OTR | 1 | 0 | 0 | 101009 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 205040 | 2324 | SH |  | OTR | 1 | 0 | 0 | 2324 |
| AMAZON COM INC | COM | 023135106 |  | 6962088 | 82882 | SH |  | OTR | 1 | 0 | 0 | 82882 |
| AMERICAN NATL BANKSHARES INC | COM | 027745108 |  | 8863998 | 240022 | SH |  | OTR | 1 | 0 | 0 | 240022 |
| AMETEK INC | COM | 031100100 |  | 6294394 | 45051 | SH |  | OTR | 1 | 0 | 0 | 45051 |
| AMGEN INC | COM | 031162100 |  | 862441 | 3284 | SH |  | OTR | 1 | 0 | 0 | 3284 |
| ANALOG DEVICES INC | COM | 032654105 |  | 5839654 | 35602 | SH |  | OTR | 1 | 0 | 0 | 35602 |
| APPLE INC | COM | 037833100 |  | 17434113 | 134182 | SH |  | OTR | 1 | 0 | 0 | 134182 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 273640 | 2255 | SH |  | OTR | 1 | 0 | 0 | 2255 |
| AUTOZONE INC | COM | 053332102 |  | 209624 | 85 | SH |  | OTR | 1 | 0 | 0 | 85 |
| BANK AMERICA CORP | COM | 060505104 |  | 484741 | 14641 | SH |  | OTR | 1 | 0 | 0 | 14641 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468710 | 1 | SH |  | OTR | 1 | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 11830963 | 38302 | SH |  | OTR | 1 | 0 | 0 | 38302 |
| BLACKROCK INC | COM | 09247X101 |  | 800037 | 1129 | SH |  | OTR | 1 | 0 | 0 | 1129 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 364853 | 5071 | SH |  | OTR | 1 | 0 | 0 | 5071 |
| BROADCOM INC | COM | 11135F101 |  | 2802875 | 5013 | SH |  | OTR | 1 | 0 | 0 | 5013 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 5192864 | 165119 | SH |  | OTR | 1 | 0 | 0 | 165119 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 557738 | 20253 | SH |  | OTR | 1 | 0 | 0 | 20253 |
| CME GROUP INC | COM | 12572Q105 |  | 461230 | 2743 | SH |  | OTR | 1 | 0 | 0 | 2743 |
| CHEMED CORP NEW | COM | 16359R103 |  | 3084833 | 6044 | SH |  | OTR | 1 | 0 | 0 | 6044 |
| CHEVRON CORP NEW | COM | 166764100 |  | 8677450 | 48346 | SH |  | OTR | 1 | 0 | 0 | 48346 |
| CISCO SYS INC | COM | 17275R102 |  | 2426897 | 50954 | SH |  | OTR | 1 | 0 | 0 | 50954 |
| CITIGROUP INC | COM NEW | 172967424 |  | 246334 | 5448 | SH |  | OTR | 1 | 0 | 0 | 5448 |
| COCA COLA CO | COM | 191216100 |  | 2003429 | 31496 | SH |  | OTR | 1 | 0 | 0 | 31496 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 762918 | 9683 | SH |  | OTR | 1 | 0 | 0 | 9683 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 393001 | 11239 | SH |  | OTR | 1 | 0 | 0 | 11239 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 5372559 | 23183 | SH |  | OTR | 1 | 0 | 0 | 23183 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1674893 | 3669 | SH |  | OTR | 1 | 0 | 0 | 3669 |
| CROWN CASTLE INC | COM | 22822V101 |  | 698107 | 5147 | SH |  | OTR | 1 | 0 | 0 | 5147 |
| DANAHER CORPORATION | COM | 235851102 |  | 209673 | 790 | SH |  | OTR | 1 | 0 | 0 | 790 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 6569882 | 36871 | SH |  | OTR | 1 | 0 | 0 | 36871 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 684807 | 6830 | SH |  | OTR | 1 | 0 | 0 | 6830 |
| DISNEY WALT CO | COM | 254687106 |  | 2926424 | 33685 | SH |  | OTR | 1 | 0 | 0 | 33685 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 4250661 | 69333 | SH |  | OTR | 1 | 0 | 0 | 69333 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1819797 | 17670 | SH |  | OTR | 1 | 0 | 0 | 17670 |
| EMERSON ELEC CO | COM | 291011104 |  | 984391 | 10248 | SH |  | OTR | 1 | 0 | 0 | 10248 |
| ENBRIDGE INC | COM | 29250N105 |  | 1690292 | 43242 | SH |  | OTR | 1 | 0 | 0 | 43242 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1943681 | 17622 | SH |  | OTR | 1 | 0 | 0 | 17622 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2806686 | 23324 | SH |  | OTR | 1 | 0 | 0 | 23324 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 330871 | 3501 | SH |  | OTR | 1 | 0 | 0 | 3501 |
| FIRST BANCORP N C | COM | 318910106 |  | 4836375 | 112894 | SH |  | OTR | 1 | 0 | 0 | 112894 |
| GENERAL MLS INC | COM | 370334104 |  | 1466086 | 17485 | SH |  | OTR | 1 | 0 | 0 | 17485 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 917813 | 10691 | SH |  | OTR | 1 | 0 | 0 | 10691 |
| HOME DEPOT INC | COM | 437076102 |  | 1776306 | 5624 | SH |  | OTR | 1 | 0 | 0 | 5624 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4856343 | 22662 | SH |  | OTR | 1 | 0 | 0 | 22662 |
| HOOKER FURNISHINGS CORPORATI | COM | 439038100 |  | 760383 | 40684 | SH |  | OTR | 1 | 0 | 0 | 40684 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1088692 | 77214 | SH |  | OTR | 1 | 0 | 0 | 77214 |
| ILLUMINA INC | COM | 452327109 |  | 243039 | 1202 | SH |  | OTR | 1 | 0 | 0 | 1202 |
| INTEL CORP | COM | 458140100 |  | 1766614 | 66846 | SH |  | OTR | 1 | 0 | 0 | 66846 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 692533 | 2610 | SH |  | OTR | 1 | 0 | 0 | 2610 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 395923 | 2803 | SH |  | OTR | 1 | 0 | 0 | 2803 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 612310 | 23827 | SH |  | OTR | 1 | 0 | 0 | 23827 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 266017 | 3137 | SH |  | OTR | 1 | 0 | 0 | 3137 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1025424 | 2669 | SH |  | OTR | 1 | 0 | 0 | 2669 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1045538 | 10780 | SH |  | OTR | 1 | 0 | 0 | 10780 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 508375 | 4822 | SH |  | OTR | 1 | 0 | 0 | 4822 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2007016 | 20955 | SH |  | OTR | 1 | 0 | 0 | 20955 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 375367 | 4625 | SH |  | OTR | 1 | 0 | 0 | 4625 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 4625860 | 70484 | SH |  | OTR | 1 | 0 | 0 | 70484 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 696419 | 10325 | SH |  | OTR | 1 | 0 | 0 | 10325 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 298007 | 1232 | SH |  | OTR | 1 | 0 | 0 | 1232 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 518510 | 2463 | SH |  | OTR | 1 | 0 | 0 | 2463 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 265026 | 1520 | SH |  | OTR | 1 | 0 | 0 | 1520 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 493736 | 5217 | SH |  | OTR | 1 | 0 | 0 | 5217 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 430627 | 4081 | SH |  | OTR | 1 | 0 | 0 | 4081 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 3071005 | 29973 | SH |  | OTR | 1 | 0 | 0 | 29973 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 1858667 | 37848 | SH |  | OTR | 1 | 0 | 0 | 37848 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 539502 | 8754 | SH |  | OTR | 1 | 0 | 0 | 8754 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 2223671 | 49493 | SH |  | OTR | 1 | 0 | 0 | 49493 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 1760499 | 35182 | SH |  | OTR | 1 | 0 | 0 | 35182 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 8118941 | 60545 | SH |  | OTR | 1 | 0 | 0 | 60545 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 1727111 | 34453 | SH |  | OTR | 1 | 0 | 0 | 34453 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3027564 | 17139 | SH |  | OTR | 1 | 0 | 0 | 17139 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 4899264 | 20806 | SH |  | OTR | 1 | 0 | 0 | 20806 |
| LILLY ELI  CO | COM | 532457108 |  | 1242722 | 3397 | SH |  | OTR | 1 | 0 | 0 | 3397 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1026927 | 2111 | SH |  | OTR | 1 | 0 | 0 | 2111 |
| LOWES COS INC | COM | 548661107 |  | 7696904 | 38632 | SH |  | OTR | 1 | 0 | 0 | 38632 |
| MARKEL CORP | COM | 570535104 |  | 4359392 | 3309 | SH |  | OTR | 1 | 0 | 0 | 3309 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 6758146 | 19436 | SH |  | OTR | 1 | 0 | 0 | 19436 |
| MCDONALDS CORP | COM | 580135101 |  | 688309 | 2612 | SH |  | OTR | 1 | 0 | 0 | 2612 |
| MERCK  CO INC | COM | 58933Y105 |  | 6752388 | 60861 | SH |  | OTR | 1 | 0 | 0 | 60861 |
| MICROSOFT CORP | COM | 594918104 |  | 19633430 | 81868 | SH |  | OTR | 1 | 0 | 0 | 81868 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1113890 | 16713 | SH |  | OTR | 1 | 0 | 0 | 16713 |
| NIKE INC | CL B | 654106103 |  | 377586 | 3227 | SH |  | OTR | 1 | 0 | 0 | 3227 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 371104 | 1506 | SH |  | OTR | 1 | 0 | 0 | 1506 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2733553 | 18706 | SH |  | OTR | 1 | 0 | 0 | 18706 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 3732943 | 23636 | SH |  | OTR | 1 | 0 | 0 | 23636 |
| PAYCHEX INC | COM | 704326107 |  | 1194163 | 10334 | SH |  | OTR | 1 | 0 | 0 | 10334 |
| PEPSICO INC | COM | 713448108 |  | 5706552 | 31588 | SH |  | OTR | 1 | 0 | 0 | 31588 |
| PFIZER INC | COM | 717081103 |  | 1050260 | 20497 | SH |  | OTR | 1 | 0 | 0 | 20497 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 415463 | 4105 | SH |  | OTR | 1 | 0 | 0 | 4105 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 8118001 | 53564 | SH |  | OTR | 1 | 0 | 0 | 53564 |
| PROLOGIS INC. | COM | 74340W103 |  | 374239 | 3320 | SH |  | OTR | 1 | 0 | 0 | 3320 |
| QUALCOMM INC | COM | 747525103 |  | 1389497 | 12639 | SH |  | OTR | 1 | 0 | 0 | 12639 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 7346239 | 72794 | SH |  | OTR | 1 | 0 | 0 | 72794 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 5800975 | 13426 | SH |  | OTR | 1 | 0 | 0 | 13426 |
| S GLOBAL INC | COM | 78409V104 |  | 4861852 | 14516 | SH |  | OTR | 1 | 0 | 0 | 14516 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 9720345 | 25418 | SH |  | OTR | 1 | 0 | 0 | 25418 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 |  | 116800 | 20000 | SH |  | OTR | 1 | 0 | 0 | 20000 |
| STARBUCKS CORP | COM | 855244109 |  | 919060 | 9265 | SH |  | OTR | 1 | 0 | 0 | 9265 |
| SYSCO CORP | COM | 871829107 |  | 297538 | 3892 | SH |  | OTR | 1 | 0 | 0 | 3892 |
| TJX COS INC NEW | COM | 872540109 |  | 8328751 | 104634 | SH |  | OTR | 1 | 0 | 0 | 104634 |
| TARGET CORP | COM | 87612E106 |  | 1060238 | 7114 | SH |  | OTR | 1 | 0 | 0 | 7114 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1540314 | 9323 | SH |  | OTR | 1 | 0 | 0 | 9323 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 8226622 | 14939 | SH |  | OTR | 1 | 0 | 0 | 14939 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 676029 | 3005 | SH |  | OTR | 1 | 0 | 0 | 3005 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1614853 | 37538 | SH |  | OTR | 1 | 0 | 0 | 37538 |
| US BANCORP DEL | COM NEW | 902973304 |  | 755555 | 17326 | SH |  | OTR | 1 | 0 | 0 | 17326 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 465869 | 9255 | SH |  | OTR | 1 | 0 | 0 | 9255 |
| UNION PAC CORP | COM | 907818108 |  | 4809891 | 23229 | SH |  | OTR | 1 | 0 | 0 | 23229 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 893324 | 5139 | SH |  | OTR | 1 | 0 | 0 | 5139 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 653695 | 1233 | SH |  | OTR | 1 | 0 | 0 | 1233 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 499060 | 4612 | SH |  | OTR | 1 | 0 | 0 | 4612 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1294800 | 6353 | SH |  | OTR | 1 | 0 | 0 | 6353 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 612470 | 3337 | SH |  | OTR | 1 | 0 | 0 | 3337 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 444606 | 11288 | SH |  | OTR | 1 | 0 | 0 | 11288 |
| VISA INC | COM CL A | 92826C839 |  | 8355966 | 40220 | SH |  | OTR | 1 | 0 | 0 | 40220 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 169570 | 16756 | SH |  | OTR | 1 | 0 | 0 | 16756 |
| WALMART INC | COM | 931142103 |  | 227430 | 1604 | SH |  | OTR | 1 | 0 | 0 | 1604 |
| XYLEM INC | COM | 98419M100 |  | 3824469 | 34590 | SH |  | OTR | 1 | 0 | 0 | 34590 |
| AMCOR PLC | ORD | G0250X107 |  | 551322 | 46293 | SH |  | OTR | 1 | 0 | 0 | 46293 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4577326 | 17155 | SH |  | OTR | 1 | 0 | 0 | 17155 |
| EATON CORP PLC | SHS | G29183103 |  | 1233123 | 7857 | SH |  | OTR | 1 | 0 | 0 | 7857 |
| LINDE PLC | SHS | G5494J103 |  | 5249572 | 16095 | SH |  | OTR | 1 | 0 | 0 | 16095 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 4149857 | 53397 | SH |  | OTR | 1 | 0 | 0 | 53397 |
| CHUBB LIMITED | COM | H1467J104 |  | 676116 | 3065 | SH |  | OTR | 1 | 0 | 0 | 3065 |
| TE CONNECTIVITY LTD | SHS | H84989104 |  | 2284185 | 19898 | SH |  | OTR | 1 | 0 | 0 | 19898 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 3680345 | 6736 | SH |  | OTR | 1 | 0 | 0 | 6736 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 5473235 | 34635 | SH |  | OTR | 1 | 0 | 0 | 34635 |

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