# EDGAR Filing Document

**Accession Number:** 0001031972
**File Stem:** 0001031972-25-000005
**Filing Date:** 2025-8
**Character Count:** 70187
**Document Hash:** 7d7b410a75a3ac5a014f0654425f35b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001031972-25-000005.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001031972-25-000005

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ACADEMY CAPITAL MANAGEMENT
- **CENTRAL INDEX KEY:** 0001031972

**ORGANIZATION NAME:**
- **EIN:** 742411461
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05974
- **FILM NUMBER:** 251200904

**BUSINESS ADDRESS:**
- **STREET 1:** 500 N VALLEY MILLS DR
- **STREET 2:** SUITE 200
- **CITY:** WACO
- **STATE:** TX
- **ZIP:** 76710
- **BUSINESS PHONE:** 2547510555

**MAIL ADDRESS:**
- **STREET 1:** 500 N. VALLEY MILLS DRIVE - SUITE 200
- **CITY:** WACO
- **STATE:** TX
- **ZIP:** 76710

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ACADEMY CAPITAL MANAGEMENT INC/TX
- **DATE OF NAME CHANGE:** 19970922

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001031972

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Academy Capital Management

**Address:** Valley Mills Drive, Waco, TX 76710

**Telephone number:** 254-751-0555

**Name of agent for service:** DEREK RICHARDS

**Agent Address:** 500 north valley mills suite 200, WACO, TX 76712

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-05974

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                           | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                              | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   | SHARES VOTED FOR OR AGAINST MANAGEMENT   | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| McKesson Corporation                     | 58155Q103 | 07/31/2024     | Advisory vote on Executive Compensation                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       110      |                0 | FOR         | 110.000000                               | FOR                         |  |
| Independent Bank Group, Inc.             | 45384B106 | 08/14/2024     | The IBTX compensation proposal: to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to IBTX's named executive officers that is based on or otherwise relates to the merger; and                 | SECTION 14A SAY-ON-PAY VOTES |       300      |                0 | AGAINST     | 300.000000                               | AGAINST                     |  |
| Canopy Growth Corporation                | 138035704 | 09/24/2024     | To adopt, on an advisory (non-binding) basis, a resolution approving the compensation of the Company's named executive officers as described in the proxy statement.                                                                          | SECTION 14A SAY-ON-PAY VOTES |         3      |                0 | FOR         | 3.000000                                 | FOR                         |  |
| Freshpet, Inc.                           | 358039105 | 10/01/2024     | Non-binding advisory vote to approve the compensation of the Company's named executive officers                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        14      |                0 | FOR         | 14.000000                                | FOR                         |  |
| The Procter  Gamble Company              | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay" vote)                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |       447      |                0 | FOR         | 447.000000                               | FOR                         |  |
| Medtronic Plc                            | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation;                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       138      |                0 | FOR         | 138.000000                               | FOR                         |  |
| Neogen Corporation                       | 640491106 | 10/24/2024     | To Approve, On An Advisory Basis, The Compensation of Named Executive Officers.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        55      |                0 | AGAINST     | 55.000000                                | AGAINST                     |  |
| Automatic Data Processing, Inc.          | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        13      |                0 | FOR         | 13.000000                                | FOR                         |  |
| KLA Corporation                          | 482480100 | 11/06/2024     | To approve on a non-binding, advisory basis our named executive officer compensation.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         6      |                0 | FOR         | 6.000000                                 | FOR                         |  |
| American Healthcare REIT, Inc.           | 398182303 | 11/07/2024     | To approve, on an advisory (non-binding) basis, the compensation paid to our named executive officers of the year ended December 31, 2023.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      2482      |                0 | FOR         | 2482.000000                              | FOR                         |  |
| The Estee Lauder Companies Inc.          | 518439104 | 11/08/2024     | Advisory vote to approve executive compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        15      |                0 | AGAINST     | 15.000000                                | AGAINST                     |  |
| Paylocity Holding Corporation            | 70438V106 | 12/05/2024     | Advisory vote to approve the compensation of named executive officers.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        17      |                0 | FOR         | 17.000000                                | FOR                         |  |
| Cisco Systems, Inc.                      | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        50      |                0 | FOR         | 50.000000                                | FOR                         |  |
| Microsoft Corporation                    | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    142101      |                0 | FOR         | 142101.136800                            | FOR                         |  |
| Palo Alto Networks, Inc.                 | 697435105 | 12/10/2024     | To approve, on an advisory basis, the frequency of holding future advisory votes on named executive officer compensation.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        42      |                0 | ONE YEAR    | 42.000000                                | FOR                         |  |
| Palo Alto Networks, Inc.                 | 697435105 | 12/10/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        42      |                0 | AGAINST     | 42.000000                                | AGAINST                     |  |
| Guidewire Software, Inc.                 | 40171V100 | 12/17/2024     | To conduct a non-binding, advisory vote to approve the compensation of our named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        25      |                0 | FOR         | 25.000000                                | FOR                         |  |
| Zscaler, Inc.                            | 98980G102 | 01/10/2025     | To approve on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         1      |                0 | FOR         | 1.000000                                 | FOR                         |  |
| Air Products and Chemicals, Inc.         | 009158106 | 01/23/2025     | Advisory Vote Approving the Compensation of the Company's Executive Officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         0      |                0 |  |  |  |  |
| Air Products and Chemicals, Inc.         | 009158106 | 01/23/2025     | An advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       462      |                0 | FOR         | 462.000000                               | NONE                        |  |
| Intuit Inc.                              | 461202103 | 01/23/2025     | Advisory vote to approve Intuit's executive compensation (say-on-pay)                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         5      |                0 | FOR         | 5.000000                                 | FOR                         |  |
| Becton, Dickinson and Company            | 075887109 | 01/28/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        25      |                0 | FOR         | 25.000000                                | FOR                         |  |
| Visa Inc.                                | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |       829      |                0 | FOR         | 829.000000                               | FOR                         |  |
| Emerson Electric Co.                     | 291011104 | 02/04/2025     | Approval, by non-binding advisory vote, of Emerson Electric Co. executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       869      |                0 | FOR         | 869.000000                               | FOR                         |  |
| Apple Inc.                               | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |    327845      |                0 | FOR         | 327844.694900                            | FOR                         |  |
| Deere  Company                           | 244199105 | 02/26/2025     | Advisory vote to approve executive compensation ("say-on-pay")                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         8      |                0 | FOR         | 8.000000                                 | FOR                         |  |
| Starbucks Corporation                    | 855244109 | 03/12/2025     | Approve, on an advisory, nonbinding basis, the compensation of our named executive officers                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        36      |                0 | FOR         | 36.000000                                | FOR                         |  |
| QUALCOMM Incorporated                    | 747525103 | 03/18/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       134      |                0 | FOR         | 134.000000                               | FOR                         |  |
| The Interpublic Group of Companies, Inc. | 460690100 | 03/18/2025     | IPG Compensation Proposal. Proposal to approve, on a non-binding, advisory basis, certain compensation that may be paid or become payable to IPG's named executive officers that is based on or otherwise relates to the merger; and          | SECTION 14A SAY-ON-PAY VOTES |       164      |                0 | AGAINST     | 164.000000                               | AGAINST                     |  |
| The Walt Disney Company                  | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       275.337  |                0 | FOR         | 275.336800                               | FOR                         |  |
| Schlumberger N.V.                        | 806857108 | 04/02/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      1030      |                0 | FOR         | 1030.000000                              | FOR                         |  |
| U.S. Bancorp                             | 902973304 | 04/15/2025     | An advisory vote to approve the compensation of our executives disclosed in the proxy statement.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       100      |                0 | FOR         | 100.000000                               | FOR                         |  |
| The Sherwin-Williams Company             | 824348106 | 04/16/2025     | Advisory approval of the compensation of the named executive officers.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        10      |                0 | FOR         | 10.000000                                | FOR                         |  |
| Texas Instruments Incorporated           | 882508104 | 04/17/2025     | Board proposal regarding advisory approval of the Company's executive compensation.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        50      |                0 | FOR         | 50.000000                                | FOR                         |  |
| Broadcom Inc.                            | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |       213      |                0 | FOR         | 213.000000                               | FOR                         |  |
| Adobe Inc.                               | 00724F101 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       219      |                0 | FOR         | 219.000000                               | FOR                         |  |
| Cadence Bank                             | 12740C103 | 04/23/2025     | Non-Binding, Advisory Vote Regarding the Compensation of the Named Executive Officers                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |     20950      |                0 | FOR         | 20950.000000                             | FOR                         |  |
| Eaton Corporation plc                    | G29183103 | 04/23/2025     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        41      |                0 | FOR         | 41.000000                                | FOR                         |  |
| SouthState Corporation                   | 840441109 | 04/23/2025     | Approval, as an advisory, non-binding "say on pay" resolution, of our executive compensation;                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |       180      |                0 | FOR         | 180.000000                               | FOR                         |  |
| The Goldman Sachs Group, Inc.            | 38141G104 | 04/23/2025     | Advisory Vote to Approve Executive Compensation (Say on Pay)                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        10      |                0 | AGAINST     | 10.000000                                | AGAINST                     |  |
| AGCO Corporation                         | 001084102 | 04/24/2025     | Non-binding advisory resolution to approve the compensation of the Company's named executive officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        19      |                0 | FOR         | 19.000000                                | FOR                         |  |
| Fastenal Company                         | 311900104 | 04/24/2025     | Approval, by non-binding vote, of executive compensation.                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        55      |                0 | FOR         | 55.000000                                | FOR                         |  |
| HCA Healthcare, Inc.                     | 40412C101 | 04/24/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        16      |                0 | FOR         | 16.000000                                | FOR                         |  |
| Johnson  Johnson                         | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1284      |                0 | FOR         | 1284.000000                              | FOR                         |  |
| Pfizer Inc.                              | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       800      |                0 | AGAINST     | 800.000000                               | AGAINST                     |  |
| The Boeing Company                       | 097023105 | 04/24/2025     | Approve, on an Advisory Basis, Named Executive Officer Compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        30      |                0 | FOR         | 30.000000                                | FOR                         |  |
| Abbott Laboratories                      | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       534      |                0 | FOR         | 534.000000                               | FOR                         |  |
| American Express Company                 | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        38      |                0 | FOR         | 38.000000                                | FOR                         |  |
| BOK Financial Corporation                | 05561Q201 | 04/29/2025     | Advisory approval of the compensation of the Company's named executive officers disclosed in the Proxy Statement.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |       433      |                0 | FOR         | 433.000000                               | FOR                         |  |
| Citigroup Inc.                           | 172967424 | 04/29/2025     | Advisory vote to approve our 2024 Executive Compensation.                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |     65788      |                0 | FOR         | 65788.000000                             | FOR                         |  |
| Cognex Corporation                       | 192422103 | 04/30/2025     | To approve, on an advisory basis, the compensation of Cognex's named executive officers, as described in the proxy statement including the Compensation Discussion and Analysis, compensation tables and narrative discussion ("say-on-pay"). | SECTION 14A SAY-ON-PAY VOTES |        37      |                0 | FOR         | 37.000000                                | FOR                         |  |
| Pool Corporation                         | 73278L105 | 04/30/2025     | Say-on-pay vote: Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |     16593      |                0 | FOR         | 16593.000000                             | FOR                         |  |
| The Coca-Cola Company                    | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      1819      |                0 | FOR         | 1819.000000                              | FOR                         |  |
| Corning Incorporated                     | 219350105 | 05/01/2025     | Advisory approval of our executive compensation (Say on Pay).                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      2795      |                0 | FOR         | 2795.000000                              | FOR                         |  |
| Intuitive Surgical, Inc.                 | 46120E602 | 05/01/2025     | To approve, by advisory vote, the compensation of the Company's Named Executive Officers.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         6      |                0 | FOR         | 6.000000                                 | FOR                         |  |
| Polaris Inc.                             | 731068102 | 05/01/2025     | Advisory vote to approve the compensation of the Company's Named Executive Officers                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        16      |                0 | FOR         | 16.000000                                | FOR                         |  |
| RTX Corporation                          | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |       976      |                0 | FOR         | 976.000000                               | FOR                         |  |
| Occidental Petroleum Corporation         | 674599105 | 05/02/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |       318      |                0 | FOR         | 318.000000                               | FOR                         |  |
| Eli Lilly and Company                    | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        29      |                0 | FOR         | 29.000000                                | FOR                         |  |
| Paycom Software, Inc.                    | 70432V102 | 05/05/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        17      |                0 | FOR         | 17.000000                                | FOR                         |  |
| Danaher Corporation                      | 235851102 | 05/06/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |       194      |                0 | FOR         | 194.000000                               | FOR                         |  |
| Tyler Technologies, Inc.                 | 902252105 | 05/06/2025     | Advisory Approval of Our Executive Compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        11      |                0 | FOR         | 11.000000                                | FOR                         |  |
| West Pharmaceutical Services, Inc.       | 955306105 | 05/06/2025     | Advisory vote to approve named executive officer compensation;                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        12      |                0 | FOR         | 12.000000                                | FOR                         |  |
| CSX Corporation                          | 126408103 | 05/07/2025     | Advisory (non-binding) resolution to approve compensation for the Company's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      1800      |                0 | FOR         | 1800.000000                              | FOR                         |  |
| Gilead Sciences, Inc.                    | 375558103 | 05/07/2025     | To approve, on an advisory basis, the compensation of our Named Executive Officers as presented in the Proxy Statement.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        41.3849 |                0 | FOR         | 41.384900                                | FOR                         |  |
| IDEXX Laboratories, Inc.                 | 45168D104 | 05/07/2025     | Advisory Vote on Executive Compensation. To approve a nonbinding advisory resolution on the Company's executive compensation (Proposal Three).                                                                                                | SECTION 14A SAY-ON-PAY VOTES |     32094      |                0 | FOR         | 32094.000000                             | FOR                         |  |
| PepsiCo, Inc.                            | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |     57310.6    |                0 | FOR         | 57310.582500                             | FOR                         |  |
| Philip Morris International Inc.         | 718172109 | 05/07/2025     | Advisory Vote Approving Executive Compensation                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        60      |                0 | FOR         | 60.000000                                | FOR                         |  |
| Public Storage                           | 74460D109 | 05/07/2025     | Advisory vote to approve the compensation of the Company's Named Executive Officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        73      |                0 | FOR         | 73.000000                                | FOR                         |  |
| S Global Inc.                            | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement;                                                                                            | SECTION 14A SAY-ON-PAY VOTES |     17391.1    |                0 | AGAINST     | 17391.136100                             | AGAINST                     |  |
| CME Group Inc.                           | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |     12000      |                0 | FOR         | 12000.000000                             | FOR                         |  |
| Ecolab Inc.                              | 278865100 | 05/08/2025     | Approve, on an advisory basis, the compensation of our named executive officers disclosed in the Proxy Statement.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        33      |                0 | FOR         | 33.000000                                | FOR                         |  |
| Edwards Lifesciences Corporation         | 28176E108 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        14      |                0 | FOR         | 14.000000                                | FOR                         |  |
| Prologis, Inc.                           | 74340W103 | 05/08/2025     | Advisory Vote to Approve the Company's Executive Compensation for 2024.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        23      |                0 | FOR         | 23.000000                                | FOR                         |  |
| The Kraft Heinz Company                  | 500754106 | 05/08/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       146      |                0 | FOR         | 146.000000                               | FOR                         |  |
| United Rentals, Inc.                     | 911363109 | 05/08/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         2      |                0 | FOR         | 2.000000                                 | FOR                         |  |
| AbbVie Inc.                              | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       210      |                0 | FOR         | 210.000000                               | FOR                         |  |
| Lockheed Martin Corporation              | 539830109 | 05/09/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay)                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        14      |                0 | FOR         | 14.000000                                | FOR                         |  |
| Bausch Health Companies Inc.             | 071734107 | 05/13/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |     42288      |                0 | FOR         | 42288.000000                             | FOR                         |  |
| Realty Income Corporation                | 756109104 | 05/13/2025     | A non-binding advisory proposal to approve the compensation of our named executive officers as described in the Proxy Statement.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       111      |                0 | FOR         | 111.000000                               | FOR                         |  |
| Waste Management, Inc.                   | 94106L109 | 05/13/2025     | Approval, on an advisory basis, of our executive compensation.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        23      |                0 | FOR         | 23.000000                                | FOR                         |  |
| Advanced Micro Devices, Inc.             | 007903107 | 05/14/2025     | Approve on a non-binding, advisory basis the compensation of the named executive officers, as disclosed in this proxy statement pursuant to the compensation disclosure rules of the U.S. Securities and Exchange Commission.                 | SECTION 14A SAY-ON-PAY VOTES |       110      |                0 | FOR         | 110.000000                               | FOR                         |  |
| American Tower Corporation               | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         4      |                0 | FOR         | 4.000000                                 | FOR                         |  |
| American Water Works Company, Inc.       | 030420103 | 05/14/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        16      |                0 | FOR         | 16.000000                                | FOR                         |  |
| Elevance Health, Inc.                    | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         6      |                0 | FOR         | 6.000000                                 | FOR                         |  |
| Option Care Health, Inc.                 | 68404L201 | 05/14/2025     | To approve, on a non-binding advisory basis, our executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        39      |                0 | FOR         | 39.000000                                | FOR                         |  |
| Primerica, Inc.                          | 74164M108 | 05/14/2025     | To consider an advisory vote on executive compensation (Say-on-Pay).                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |    132316      |                0 | FOR         | 132315.979000                            | FOR                         |  |
| Southwest Airlines Co.                   | 844741108 | 05/14/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      6521      |                0 | FOR         | 6521.000000                              | FOR                         |  |
| Altria Group, Inc.                       | 02209S103 | 05/15/2025     | Non-Binding Advisory Vote to Approve the Compensation of Altria's Named Executive Officers                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1035      |                0 | FOR         | 1035.000000                              | FOR                         |  |
| Chubb Limited                            | H1467J104 | 05/15/2025     | Advisory vote to approve executive compensation under U.S. securities law requirements                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       152      |                0 | FOR         | 152.000000                               | FOR                         |  |
| CVS Health Corporation                   | 126650100 | 05/15/2025     | Say on Pay, a Proposal to Approve, on an Advisory Basis, the Company's Executive Compensation.                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        19      |                0 | AGAINST     | 19.000000                                | AGAINST                     |  |
| Marsh  McLennan Companies, Inc.          | 571748102 | 05/15/2025     | Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        21      |                0 | FOR         | 21.000000                                | FOR                         |  |
| Otis Worldwide Corporation               | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         3      |                0 | AGAINST     | 3.000000                                 | AGAINST                     |  |
| Elanco Animal Health Incorporated        | 28414H103 | 05/16/2025     | Advisory vote on the compensation of the company's named executive officers.                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      1787      |                0 | FOR         | 1787.000000                              | FOR                         |  |
| Elanco Animal Health Incorporated        | 28414H103 | 05/16/2025     | Advisory vote on the frequency with which shareholders vote on the compensation of the company's named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1787      |                0 | ONE YEAR    | 1787.000000                              | FOR                         |  |
| Medpace Holdings, Inc.                   | 58506Q109 | 05/16/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for the 2025 Annual Meeting.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         6      |                0 | FOR         | 6.000000                                 | FOR                         |  |
| McDonald's Corporation                   | 580135101 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       197      |                0 | FOR         | 197.000000                               | FOR                         |  |
| Principal Financial Group, Inc.          | 74251V102 | 05/20/2025     | Advisory approval of the compensation of our named executive officers                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        55      |                0 | FOR         | 55.000000                                | FOR                         |  |
| Amazon.com, Inc.                         | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |    266918      |                0 | AGAINST     | 266918.000000                            | AGAINST                     |  |
| Crown Castle Inc.                        | 22822V101 | 05/21/2025     | The non-binding, advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        51      |                0 | FOR         | 51.000000                                | FOR                         |  |
| Northrop Grumman Corporation             | 666807102 | 05/21/2025     | Proposal to approve, on an advisory basis, the compensation of the Company's Named Executive Officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       130      |                0 | FOR         | 130.000000                               | FOR                         |  |
| Privia Health Group, Inc.                | 74276R102 | 05/21/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers ("NEOs").                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       109      |                0 | FOR         | 109.000000                               | FOR                         |  |
| Stellar Bancorp, Inc.                    | 858927106 | 05/21/2025     | To conduct an advisory, non-binding vote regarding the compensation paid to our named executive officers as disclosed in the accompanying proxy statement ("Say-On-Pay");                                                                     | SECTION 14A SAY-ON-PAY VOTES |     36941      |                0 | FOR         | 36941.000000                             | FOR                         |  |
| The Travelers Companies, Inc.            | 89417E109 | 05/21/2025     | Non-binding vote to approve executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      6417      |                0 | FOR         | 6417.000000                              | FOR                         |  |
| Thermo Fisher Scientific Inc.            | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        17      |                0 | AGAINST     | 17.000000                                | AGAINST                     |  |
| Zoetis Inc.                              | 98978V103 | 05/21/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       469      |                0 | FOR         | 469.000000                               | FOR                         |  |
| NextEra Energy, Inc.                     | 65339F101 | 05/22/2025     | Approval, by non-binding advisory vote, of NextEra Energy's compensation of its named executive officers as disclosed in the proxy statement.                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      9208      |                0 | FOR         | 9208.000000                              | FOR                         |  |
| Royal Gold, Inc.                         | 780287108 | 05/22/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |       250      |                0 | FOR         | 250.000000                               | FOR                         |  |
| The Charles Schwab Corporation           | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       210      |                0 | FOR         | 210.000000                               | FOR                         |  |
| The Home Depot, Inc.                     | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       336      |                0 | FOR         | 336.000000                               | FOR                         |  |
| Merck  Co., Inc.                         | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      1440      |                0 | FOR         | 1440.000000                              | FOR                         |  |
| Chevron Corporation                      | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1972      |                0 | FOR         | 1972.000000                              | FOR                         |  |
| Exxon Mobil Corporation                  | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |     10752      |                0 | FOR         | 10752.000000                             | FOR                         |  |
| Meta Platforms, Inc.                     | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                                                             | SECTION 14A SAY-ON-PAY VOTES |     90538      |                0 | AGAINST     | 90538.000000                             | AGAINST                     |  |
| Meta Platforms, Inc.                     | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years.                                   | SECTION 14A SAY-ON-PAY VOTES |     90538      |                0 | ONE YEAR    | 90538.000000                             | AGAINST                     |  |
| Sirius XM Holdings Inc.                  | 829933100 | 05/28/2025     | Advisory vote on frequency of future advisory votes on the compensation of named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       100      |                0 | ONE YEAR    | 100.000000                               | FOR                         |  |
| Acadia Pharmaceuticals Inc.              | 004225108 | 05/29/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the proxy statement.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |       190      |                0 | FOR         | 190.000000                               | FOR                         |  |
| The Allstate Corporation                 | 020002101 | 05/29/2025     | Advisory vote to approve the compensation of the named executives.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        23      |                0 | FOR         | 23.000000                                | FOR                         |  |
| Lowe's Companies, Inc.                   | 548661107 | 05/30/2025     | Advisory vote to approve the Company's named executive officer compensation in fiscal 2024.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |       510      |                0 | FOR         | 510.000000                               | FOR                         |  |
| UnitedHealth Group Incorporated          | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       441      |                0 | AGAINST     | 441.000000                               | AGAINST                     |  |
| Alarm.com Holdings, Inc.                 | 011642105 | 06/04/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        27      |                0 | FOR         | 27.000000                                | FOR                         |  |
| GoDaddy Inc.                             | 380237107 | 06/04/2025     | Company Proposal - Advisory, non-binding vote to approve named executive officer compensation                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        23      |                0 | FOR         | 23.000000                                | FOR                         |  |
| Netflix, Inc.                            | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       580      |                0 | FOR         | 580.000000                               | FOR                         |  |
| Walmart Inc.                             | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        93      |                0 | FOR         | 93.000000                                | FOR                         |  |
| Roper Technologies, Inc.                 | 776696106 | 06/10/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        11      |                0 | FOR         | 11.000000                                | FOR                         |  |
| Freeport-McMoRan Inc.                    | 35671D857 | 06/11/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      1295      |                0 | FOR         | 1295.000000                              | FOR                         |  |
| Green Thumb Industries Inc.              | 39342L108 | 06/11/2025     | Executive Compensation. Approve, on an advisory basis, the compensation paid to the Company's named executive officers, as disclosed in the Company's Proxy Statement.                                                                        | SECTION 14A SAY-ON-PAY VOTES |      4025      |                0 | AGAINST     | 4025.000000                              | AGAINST                     |  |
| Nasdaq, Inc.                             | 631103108 | 06/11/2025     | Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        56      |                0 | FOR         | 56.000000                                | FOR                         |  |
| NXP Semiconductors N.V.                  | N6596X109 | 06/11/2025     | Non-binding, advisory vote to approve Named Executive Officer compensation                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         7      |                0 | FOR         | 7.000000                                 | FOR                         |  |
| GameStop Corp.                           | 36467W109 | 06/12/2025     | Provide an advisory, non-binding vote on the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         3      |                0 | FOR         | 3.000000                                 | FOR                         |  |
| Norwegian Cruise Line Holdings Ltd.      | G66721104 | 06/12/2025     | Approval, on a non-binding, advisory basis, of the compensation of our named executive officers                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         1      |                0 | FOR         | 1.000000                                 | FOR                         |  |
| Trulieve Cannabis Corp.                  | 89788C104 | 06/12/2025     | Advisory (Non-Binding) vote on the compensation of the Company's named executive officers (Say-on-Pay).                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        35      |                0 | FOR         | 35.000000                                | FOR                         |  |
| Marvell Technology, Inc.                 | 573874104 | 06/13/2025     | An advisory (non-binding) vote to approve compensation of our named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        81      |                0 | FOR         | 81.000000                                | FOR                         |  |
| Keurig Dr Pepper Inc.                    | 49271V100 | 06/18/2025     | To approve, on an advisory basis, Keurig Dr Pepper Inc.'s executive compensation.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        84      |                0 | FOR         | 84.000000                                | FOR                         |  |
| Provectus Biopharmaceuticals, Inc.       | 74373P108 | 06/18/2025     | To conduct an advisory vote to approve the compensation of our named executive officers.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     20000      |                0 | AGAINST     | 20000.000000                             | AGAINST                     |  |
| Freshpet, Inc.                           | 358039105 | 06/24/2025     | Non-binding advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        14      |                0 | FOR         | 14.000000                                | FOR                         |  |
| Freshpet, Inc.                           | 358039105 | 06/24/2025     | Non-binding advisory vote on frequency of future advisory votes on named executive officer compensation.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        14      |                0 | ONE YEAR    | 14.000000                                | FOR                         |  |
| Mastercard Incorporated                  | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |    104333      |                0 | FOR         | 104332.892500                            | FOR                         |  |
| eBay Inc.                                | 278642103 | 06/25/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       185      |                0 | FOR         | 185.000000                               | FOR                         |  |
| NVIDIA Corporation                       | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       319      |                0 | FOR         | 319.000000                               | FOR                         |  |
| CoStar Group, Inc.                       | 22160N109 | 06/26/2025     | Proposal to approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        32      |                0 | AGAINST     | 32.000000                                | AGAINST                     |  |
| ANSYS, Inc.                              | 03662Q105 | 06/27/2025     | Advisory Approval of the Compensation of Our Named Executive Officers                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        10      |                0 | FOR         | 10.000000                                | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Academy Capital Management

**By (Signature):** Derek Richards

**By (Printed Signature):** Derek Richards

**By (Title):** Ops Director

**Date:** 07/21/2025