# EDGAR Filing Document

**Accession Number:** 0000105495
**File Stem:** 0001085146-23-000575
**Filing Date:** 2023-2
**Character Count:** 44619
**Document Hash:** 9bead8df319830fa511ea110f7ee0308
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000575.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001085146-23-000575

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WELCH & FORBES LLC
- **CENTRAL INDEX KEY:** 0000105495
- **IRS NUMBER:** 043573806
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00262
- **FILM NUMBER:** 23579129

**BUSINESS ADDRESS:**
- **STREET 1:** 45 SCHOOL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108
- **BUSINESS PHONE:** 617-523-1635

**MAIL ADDRESS:**
- **STREET 1:** 45 SCHOOL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELCH & FORBES INC
- **DATE OF NAME CHANGE:** 19970304

### 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:** WELCH  FORBES LLC<br>**Address:** 45 SCHOOL STREET<br>Boston, MA 02108

**Form 13F File Number:** 028-00262

**CRD Number (if applicable):** 000115119

**SEC File Number (if applicable):** 801-60532

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:** Todd Jundi<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-557-9878

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

/s/ Todd Jundi  Boston, MA  02-02-2023<br>[Signature]  [City, State]  [Date]

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

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 368

**Form 13F Information Table Value Total:** $5579392502

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 19625808 | 163658 | SH |  | SOLE |  | 154342 | 0 | 9316 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 71063837 | 647270 | SH |  | SOLE |  | 604123 | 0 | 43147 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 67143178 | 415464 | SH |  | SOLE |  | 403779 | 0 | 11685 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 25692166 | 96283 | SH |  | SOLE |  | 59978 | 0 | 36305 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 29010646 | 86205 | SH |  | SOLE |  | 53746 | 0 | 32459 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 | BBG001S6DMD6 | 736704 | 4650 | SH |  | SOLE |  | 3950 | 0 | 700 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 34658761 | 481773 | SH |  | SOLE |  | 471952 | 0 | 9821 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 12386511 | 40182 | SH |  | SOLE |  | 39668 | 0 | 514 |
| AIRBNB INC | COM CL A | 009066101 | BBG001Y2XS16 | 285570 | 3340 | SH |  | SOLE |  | 3340 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 | BBG001S8ZQ30 | 2810135 | 50899 | SH |  | SOLE |  | 50899 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 901604 | 6649 | SH |  | SOLE |  | 6649 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 40980102 | 464469 | SH |  | SOLE |  | 413901 | 0 | 50568 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 105217414 | 1185815 | SH |  | SOLE |  | 970444 | 0 | 215371 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 1208208 | 26432 | SH |  | SOLE |  | 20864 | 0 | 5568 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 35501172 | 422633 | SH |  | SOLE |  | 295964 | 0 | 126669 |
| AMCOR PLC | ORD | G0250X107 | BBG00LNJRQ18 | 136965 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 414172 | 4362 | SH |  | SOLE |  | 2723 | 0 | 1639 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 13390760 | 90631 | SH |  | SOLE |  | 87627 | 0 | 3004 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 1931949 | 9119 | SH |  | SOLE |  | 8424 | 0 | 695 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 22547536 | 147930 | SH |  | SOLE |  | 138516 | 0 | 9414 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG001SK6096 | 64160361 | 206058 | SH |  | SOLE |  | 151673 | 0 | 54385 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 7668297 | 29197 | SH |  | SOLE |  | 26267 | 0 | 2930 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG001S5NSK6 | 657543 | 8636 | SH |  | SOLE |  | 8636 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 5112484 | 31168 | SH |  | SOLE |  | 28468 | 0 | 2700 |
| ANSYS INC | COM | 03662Q105 | BBG001S926L8 | 101715570 | 421025 | SH |  | SOLE |  | 395846 | 0 | 25179 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 297739 | 992 | SH |  | SOLE |  | 879 | 0 | 113 |
| APA CORPORATION | COM | 03743Q108 | BBG00YTS96H1 | 422454 | 9050 | SH |  | SOLE |  | 7600 | 0 | 1450 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 240118784 | 1848062 | SH |  | SOLE |  | 1577028 | 0 | 271034 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 656243 | 6739 | SH |  | SOLE |  | 6596 | 0 | 143 |
| APTIV PLC | SHS | G6095L109 | BBG001TRL2T7 | 1695068 | 18201 | SH |  | SOLE |  | 16351 | 0 | 1850 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 5802433 | 315178 | SH |  | SOLE |  | 305737 | 0 | 9441 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 60581963 | 253630 | SH |  | SOLE |  | 235114 | 0 | 18516 |
| BALL CORP | COM | 058498106 | BBG001S5P7Q4 | 20720447 | 405170 | SH |  | SOLE |  | 361697 | 0 | 43473 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 37968673 | 1146397 | SH |  | SOLE |  | 706850 | 0 | 439547 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG001SMRQL8 | 1953650 | 48768 | SH |  | SOLE |  | 48768 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 | BBG001S5N9P3 | 502086 | 29225 | SH |  | SOLE |  | 23593 | 0 | 5632 |
| BCE INC | COM NEW | 05534B760 | BBG001S5P2C0 | 704478 | 16029 | SH |  | SOLE |  | 5735 | 0 | 10294 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 22798306 | 89651 | SH |  | SOLE |  | 78429 | 0 | 11222 |
| BERKELEY LTS INC | COM | 084310101 | BBG00HJ8K626 | 40200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 468711 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 40861408 | 132280 | SH |  | SOLE |  | 76019 | 0 | 56261 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 | BBG001S5P5K4 | 279225 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 | BBG008B5CF38 | 994756 | 58966 | SH |  | SOLE |  | 27260 | 0 | 31706 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 1268448 | 1790 | SH |  | SOLE |  | 1751 | 0 | 39 |
| BLACKROCK MUNICIPAL INCOME | COM | 09253X102 | BBG001SLPP25 | 927836 | 81892 | SH |  | SOLE |  | 81892 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 1354635 | 18259 | SH |  | SOLE |  | 17488 | 0 | 771 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 626903 | 3291 | SH |  | SOLE |  | 2881 | 0 | 410 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 17615562 | 8741 | SH |  | SOLE |  | 7817 | 0 | 924 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 | BBG001T91S76 | 568277 | 5437 | SH |  | SOLE |  | 5335 | 0 | 102 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 12176737 | 263167 | SH |  | SOLE |  | 260595 | 0 | 2572 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 2486535 | 71186 | SH |  | SOLE |  | 68526 | 0 | 2660 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 12088051 | 168006 | SH |  | SOLE |  | 163233 | 0 | 4773 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1797044 | 3214 | SH |  | SOLE |  | 2897 | 0 | 317 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | BBG001SR7MB9 | 1010135 | 7531 | SH |  | SOLE |  | 6981 | 0 | 550 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG001S5YC56 | 201852 | 3635 | SH |  | SOLE |  | 3000 | 0 | 635 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 2055197 | 17288 | SH |  | SOLE |  | 17288 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 5857969 | 63016 | SH |  | SOLE |  | 59187 | 0 | 3829 |
| CARLISLE COS INC | COM | 142339100 | BBG001S5Q6R4 | 13709919 | 58179 | SH |  | SOLE |  | 53094 | 0 | 5085 |
| CARMAX INC | COM | 143130102 | BBG001SD9561 | 58323908 | 957855 | SH |  | SOLE |  | 801278 | 0 | 156577 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 11478206 | 278258 | SH |  | SOLE |  | 256908 | 0 | 21350 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 6704804 | 27988 | SH |  | SOLE |  | 26427 | 0 | 1561 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 | BBG001SB85K0 | 5047788 | 40011 | SH |  | SOLE |  | 38119 | 0 | 1892 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 66903731 | 372743 | SH |  | SOLE |  | 219857 | 0 | 152886 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 90120604 | 408525 | SH |  | SOLE |  | 326862 | 0 | 81663 |
| CHURCH  DWIGHT CO INC | COM | 171340102 | BBG001S5PR99 | 35670612 | 442508 | SH |  | SOLE |  | 414415 | 0 | 28093 |
| CIGNA CORP NEW | COM | 125523100 | BBG00KXRCDQ9 | 3128846 | 9443 | SH |  | SOLE |  | 8939 | 0 | 504 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 19678896 | 43574 | SH |  | SOLE |  | 43229 | 0 | 345 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 29049159 | 609764 | SH |  | SOLE |  | 354649 | 0 | 255115 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 22439562 | 352767 | SH |  | SOLE |  | 296336 | 0 | 56431 |
| COGNEX CORP | COM | 192422103 | BBG001S5TC16 | 14714021 | 312333 | SH |  | SOLE |  | 289343 | 0 | 22990 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 5676281 | 72043 | SH |  | SOLE |  | 53350 | 0 | 18693 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 42688932 | 1220727 | SH |  | SOLE |  | 885529 | 0 | 335198 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 4632562 | 39259 | SH |  | SOLE |  | 23860 | 0 | 15399 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 17896518 | 77223 | SH |  | SOLE |  | 31196 | 0 | 46027 |
| COPART INC | COM | 217204106 | BBG001S7MTB1 | 1355289 | 22258 | SH |  | SOLE |  | 22258 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969D0 | 1112941 | 18934 | SH |  | SOLE |  | 10863 | 0 | 8071 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 78292674 | 171506 | SH |  | SOLE |  | 156505 | 0 | 15001 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 715639 | 23100 | SH |  | SOLE |  | 22350 | 0 | 750 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 12467785 | 51458 | SH |  | SOLE |  | 44882 | 0 | 6576 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 12013592 | 128915 | SH |  | SOLE |  | 117944 | 0 | 10971 |
| DANAHER CORPORATION | 5% CONV PFD B | 235851409 |  | 542621 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 179239321 | 675304 | SH |  | SOLE |  | 587345 | 0 | 87959 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 2404486 | 5608 | SH |  | SOLE |  | 5020 | 0 | 588 |
| DEXCOM INC | COM | 252131107 | BBG001SKZG99 | 520451 | 4596 | SH |  | SOLE |  | 4596 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG001S7V596 | 1659222 | 9312 | SH |  | SOLE |  | 5991 | 0 | 3321 |
| DISCOVER FINL SVCS | COM | 254709108 | BBG001SS0KV6 | 231564 | 2367 | SH |  | SOLE |  | 2311 | 0 | 56 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 5304544 | 61056 | SH |  | SOLE |  | 52743 | 0 | 8313 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 450640 | 7349 | SH |  | SOLE |  | 4809 | 0 | 2540 |
| DONALDSON INC | COM | 257651109 | BBG001S5QDV4 | 374708 | 6365 | SH |  | SOLE |  | 6365 | 0 | 0 |
| DOVER CORP | COM | 260003108 | BBG001S5QL46 | 22916407 | 169237 | SH |  | SOLE |  | 167095 | 0 | 2142 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 1183208 | 23481 | SH |  | SOLE |  | 15148 | 0 | 8333 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 7647940 | 74259 | SH |  | SOLE |  | 69985 | 0 | 4274 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 1229922 | 17921 | SH |  | SOLE |  | 12164 | 0 | 5757 |
| EASTERLY GOVT PPTYS INC | COM | 27616P103 | BBG007SV91T2 | 353554 | 24776 | SH |  | SOLE |  | 24776 | 0 | 0 |
| EASTERN BANKSHARES INC | COM | 27627N105 | BBG00W9KWY41 | 1345500 | 78000 | SH |  | SOLE |  | 54000 | 0 | 24000 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 388608 | 2476 | SH |  | SOLE |  | 2461 | 0 | 15 |
| EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | BBG001SCBSL3 | 2031088 | 205784 | SH |  | SOLE |  | 205784 | 0 | 0 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 | BBG001SPXHX1 | 86826 | 11500 | SH |  | SOLE |  | 2000 | 0 | 9500 |
| EBAY INC. | COM | 278642103 | BBG001S9B9J5 | 208262 | 5022 | SH |  | SOLE |  | 4722 | 0 | 300 |
| ECOLAB INC | COM | 278865100 | BBG001S5QRB5 | 65119305 | 447371 | SH |  | SOLE |  | 367179 | 0 | 80192 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 | BBG001SF2288 | 20343850 | 272669 | SH |  | SOLE |  | 241899 | 0 | 30770 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 13757336 | 143216 | SH |  | SOLE |  | 140172 | 0 | 3044 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 622625 | 15924 | SH |  | SOLE |  | 15288 | 0 | 636 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 643521 | 26680 | SH |  | SOLE |  | 16650 | 0 | 10030 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 2247299 | 17351 | SH |  | SOLE |  | 14484 | 0 | 2867 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 3383882 | 5166 | SH |  | SOLE |  | 4928 | 0 | 238 |
| ESSENTIAL UTILS INC | COM | 29670G102 | BBG001S5VFD3 | 557821 | 11687 | SH |  | SOLE |  | 187 | 0 | 11500 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 1508366 | 17991 | SH |  | SOLE |  | 12233 | 0 | 5758 |
| EXPEDITORS INTL WASH INC | COM | 302130109 | BBG001S5QZZ1 | 14549526 | 140007 | SH |  | SOLE |  | 138627 | 0 | 1380 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 37542257 | 340365 | SH |  | SOLE |  | 309956 | 0 | 30409 |
| FASTENAL CO | COM | 311900104 | BBG001S5R1F7 | 869411 | 18373 | SH |  | SOLE |  | 18205 | 0 | 168 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 | BBG001TG3G38 | 966712 | 7931 | SH |  | SOLE |  | 7885 | 0 | 46 |
| FIRST TR EXCH TRADED FD III | INSTL PFD SECS | 33739P855 | BBG00HJHQ112 | 3321012 | 186469 | SH |  | SOLE |  | 182804 | 0 | 3665 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 | BBG006XT8631 | 3022646 | 50852 | SH |  | SOLE |  | 17154 | 0 | 33698 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 | BBG0034YTRP6 | 31242618 | 1170573 | SH |  | SOLE |  | 1020857 | 0 | 149716 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 | BBG004HQLXB7 | 20252830 | 454201 | SH |  | SOLE |  | 406815 | 0 | 47386 |
| FIRST TR NASDAQ 100 TECH IND | SHS | 337345102 | BBG001SQWVL2 | 262363 | 2493 | SH |  | SOLE |  | 2493 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 92904973 | 919213 | SH |  | SOLE |  | 734295 | 0 | 184918 |
| FORD MTR CO DEL | COM | 345370860 | BBG001S5TZ33 | 515977 | 44366 | SH |  | SOLE |  | 40500 | 0 | 3866 |
| FORTIVE CORP | COM | 34959J108 | BBG00BLVZ237 | 9488098 | 147674 | SH |  | SOLE |  | 145803 | 0 | 1871 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 55451251 | 294108 | SH |  | SOLE |  | 266469 | 0 | 27639 |
| GARTNER INC | COM | 366651107 | BBG001S5SD60 | 2236003 | 6652 | SH |  | SOLE |  | 6652 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 1090939 | 4397 | SH |  | SOLE |  | 3622 | 0 | 775 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 | BBG001S5PVD5 | 3977038 | 47464 | SH |  | SOLE |  | 46529 | 0 | 935 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 7447393 | 88818 | SH |  | SOLE |  | 85473 | 0 | 3345 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 1041665 | 30965 | SH |  | SOLE |  | 26385 | 0 | 4580 |
| GENTEX CORP | COM | 371901109 | BBG001S5RMR8 | 1280327 | 46950 | SH |  | SOLE |  | 29950 | 0 | 17000 |
| GENUINE PARTS CO | COM | 372460105 | BBG001S5RNH7 | 1041059 | 6000 | SH |  | SOLE |  | 2741 | 0 | 3259 |
| GEOVAX LABS INC | COM | 373678507 | BBG001S6ZC26 | 10710 | 16994 | SH |  | SOLE |  | 16994 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 2818460 | 32830 | SH |  | SOLE |  | 31280 | 0 | 1550 |
| GLOBAL PARTNERS LP | COM UNITS | 37946R109 | BBG001SH3WJ5 | 1301093 | 37420 | SH |  | SOLE |  | 0 | 0 | 37420 |
| GLOBE LIFE INC | COM | 37959E102 | BBG001S5WRX4 | 298361 | 2475 | SH |  | SOLE |  | 2475 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 453607 | 1321 | SH |  | SOLE |  | 1116 | 0 | 205 |
| GRAINGER W W INC | COM | 384802104 | BBG001S5RRD2 | 333751 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 | BBG001SD6SM6 | 18311488 | 521101 | SH |  | SOLE |  | 521101 | 0 | 0 |
| HAIN CELESTIAL GROUP INC | COM | 405217100 | BBG001SBCKV0 | 2088505 | 129079 | SH |  | SOLE |  | 118044 | 0 | 11035 |
| HALEON PLC | SPON ADS | 405552100 | BBG018GZNDB0 | 5196832 | 649604 | SH |  | SOLE |  | 649604 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 | BBG001S5RS59 | 315981 | 8030 | SH |  | SOLE |  | 8030 | 0 | 0 |
| HANCOCK JOHN TAX-ADVANTAGED | COM | 41013V100 | BBG001S98632 | 1143000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 | BBG001S8PXF3 | 361406 | 4766 | SH |  | SOLE |  | 4766 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 | BBG001S5SHB5 | 761755 | 4339 | SH |  | SOLE |  | 4339 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 1119871 | 4836 | SH |  | SOLE |  | 4260 | 0 | 576 |
| HESS CORP | COM | 42809H107 | BBG001S5NHS2 | 447159 | 3153 | SH |  | SOLE |  | 3095 | 0 | 58 |
| HINGHAM INSTN SVGS MASS | COM | 433323102 | BBG001S614T2 | 420839 | 1525 | SH |  | SOLE |  | 1525 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 138894177 | 439733 | SH |  | SOLE |  | 370092 | 0 | 69641 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 2885979 | 13467 | SH |  | SOLE |  | 11460 | 0 | 2007 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 1136790 | 4844 | SH |  | SOLE |  | 4844 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 | BBG001T53670 | 249518 | 863 | SH |  | SOLE |  | 863 | 0 | 0 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 395924 | 773 | SH |  | SOLE |  | 773 | 0 | 0 |
| ICON PLC | SHS | G4705A100 | BBG001SDCL35 | 3887922 | 20015 | SH |  | SOLE |  | 20015 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 | BBG001S5S4Y9 | 71905817 | 176257 | SH |  | SOLE |  | 173201 | 0 | 3056 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 5618317 | 25503 | SH |  | SOLE |  | 21723 | 0 | 3780 |
| ILLUMINA INC | COM | 452327109 | BBG001SF4NY1 | 476384 | 2356 | SH |  | SOLE |  | 2356 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 15326273 | 579881 | SH |  | SOLE |  | 527191 | 0 | 52690 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 10621745 | 75390 | SH |  | SOLE |  | 69881 | 0 | 5509 |
| INTERNATIONAL FLAVORS | COM | 459506101 | BBG001S5S5F7 | 266186 | 2539 | SH |  | SOLE |  | 864 | 0 | 1675 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 1767840 | 4542 | SH |  | SOLE |  | 4542 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 2820936 | 10631 | SH |  | SOLE |  | 8318 | 0 | 2313 |
| INVESCO EXCH TRADED FD TR II | SOLAR ETF | 46138G706 | BBG00KXH5XJ3 | 1017513 | 13950 | SH |  | SOLE |  | 13950 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | BBG001V0MBC0 | 5572849 | 271449 | SH |  | SOLE |  | 230338 | 0 | 41111 |
| INVESCO EXCHANGE TRADED FD T | DIVID ACHIEVEV | 46137V506 | BBG001S69B36 | 225621 | 6178 | SH |  | SOLE |  | 5655 | 0 | 523 |
| INVESCO EXCHANGE TRADED FD T | DWA MOMENTUM | 46137V837 | BBG001SJ09N0 | 207608 | 2922 | SH |  | SOLE |  | 2419 | 0 | 503 |
| INVESCO EXCHANGE TRADED FD T | WATER RES ETF | 46137V142 | BBG001SPPQG9 | 670020 | 13000 | SH |  | SOLE |  | 12260 | 0 | 740 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 2156869 | 8100 | SH |  | SOLE |  | 7696 | 0 | 404 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 532714 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 | BBG001SCQ2X1 | 37394773 | 750145 | SH |  | SOLE |  | 691170 | 0 | 58975 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 3252920 | 94042 | SH |  | SOLE |  | 86992 | 0 | 7050 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 664233 | 10776 | SH |  | SOLE |  | 3475 | 0 | 7301 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 3675767 | 15196 | SH |  | SOLE |  | 9054 | 0 | 6142 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 2880086 | 30432 | SH |  | SOLE |  | 24162 | 0 | 6270 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 3530506 | 9189 | SH |  | SOLE |  | 8718 | 0 | 471 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 459926 | 4742 | SH |  | SOLE |  | 3900 | 0 | 842 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 | BBG001V1QYX1 | 850879 | 16906 | SH |  | SOLE |  | 9625 | 0 | 7281 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 14454996 | 137105 | SH |  | SOLE |  | 131443 | 0 | 5662 |
| ISHARES TR | ISHARES BIOTECH | 464287556 | BBG001SGYSW7 | 296322 | 2257 | SH |  | SOLE |  | 2257 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 7194459 | 144409 | SH |  | SOLE |  | 142186 | 0 | 2223 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 | BBG001SSD849 | 273295 | 5520 | SH |  | SOLE |  | 5520 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 1847697 | 28149 | SH |  | SOLE |  | 19477 | 0 | 8672 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 1131016 | 29842 | SH |  | SOLE |  | 28842 | 0 | 1000 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 1034275 | 14345 | SH |  | SOLE |  | 14045 | 0 | 300 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 322574 | 3057 | SH |  | SOLE |  | 63 | 0 | 2994 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 27040381 | 885698 | SH |  | SOLE |  | 750923 | 0 | 134775 |
| ISHARES TR | RUS 1000 ETF | 464287622 | BBG001S562W9 | 1354696 | 6435 | SH |  | SOLE |  | 5860 | 0 | 575 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 642291 | 2998 | SH |  | SOLE |  | 1435 | 0 | 1563 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 495896 | 3270 | SH |  | SOLE |  | 1170 | 0 | 2100 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 | BBG001S562F8 | 3423741 | 15960 | SH |  | SOLE |  | 15545 | 0 | 415 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 517239 | 3730 | SH |  | SOLE |  | 3280 | 0 | 450 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 1397632 | 20721 | SH |  | SOLE |  | 14652 | 0 | 6069 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 14792000 | 84836 | SH |  | SOLE |  | 37046 | 0 | 47790 |
| ISHARES TR | S 100 ETF | 464287101 | BBG001SGB026 | 1421703 | 8335 | SH |  | SOLE |  | 8335 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 458465 | 7837 | SH |  | SOLE |  | 7537 | 0 | 300 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 377182 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 | BBG001SFQL08 | 652607 | 9555 | SH |  | SOLE |  | 4186 | 0 | 5369 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 1542354 | 12789 | SH |  | SOLE |  | 11891 | 0 | 898 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 2933489 | 27560 | SH |  | SOLE |  | 6735 | 0 | 20825 |
| J JILL INC | COM | 46620W201 | BBG00FZBYDT6 | 942400 | 38000 | SH |  | SOLE |  | 38000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 141080058 | 798641 | SH |  | SOLE |  | 675505 | 0 | 123136 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 98844357 | 737093 | SH |  | SOLE |  | 585780 | 0 | 151313 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 | BBG001SLV0G8 | 180958 | 21140 | SH |  | SOLE |  | 18140 | 0 | 3000 |
| KELLOGG CO | COM | 487836108 | BBG001S5SJL0 | 412622 | 5792 | SH |  | SOLE |  | 5489 | 0 | 303 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 7177932 | 52876 | SH |  | SOLE |  | 52010 | 0 | 866 |
| KINSALE CAP GROUP INC | COM | 49714P108 | BBG00D8JDB02 | 261520 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 | BBG001S6PW05 | 453244 | 9764 | SH |  | SOLE |  | 9764 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 234183 | 5752 | SH |  | SOLE |  | 4586 | 0 | 1166 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 20467486 | 98302 | SH |  | SOLE |  | 51716 | 0 | 46586 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 | BBG001S7RX54 | 672764 | 2857 | SH |  | SOLE |  | 2827 | 0 | 30 |
| LANCASTER COLONY CORP | COM | 513847103 | BBG001S5SPQ1 | 13025773 | 66020 | SH |  | SOLE |  | 65790 | 0 | 230 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG001S8L5H6 | 1009066 | 4067 | SH |  | SOLE |  | 4049 | 0 | 18 |
| LEGGETT  PLATT INC | COM | 524660107 | BBG001S5SRG8 | 300192 | 9314 | SH |  | SOLE |  | 7708 | 0 | 1606 |
| LEIDOS HOLDINGS INC | COM | 525327102 | BBG001SKW6M9 | 320830 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 44355903 | 121244 | SH |  | SOLE |  | 117599 | 0 | 3645 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 | BBG001S5TV87 | 22287208 | 154247 | SH |  | SOLE |  | 98467 | 0 | 55780 |
| LINDE PLC | SHS | G5494J103 | BBG00GVR8YR8 | 27186484 | 83349 | SH |  | SOLE |  | 79521 | 0 | 3828 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 3738486 | 7685 | SH |  | SOLE |  | 6043 | 0 | 1642 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 3867249 | 19410 | SH |  | SOLE |  | 18727 | 0 | 683 |
| M  T BK CORP | COM | 55261F104 | BBG001S7S2B4 | 349883 | 2412 | SH |  | SOLE |  | 2280 | 0 | 132 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | BBG001S731Q7 | 282281 | 5622 | SH |  | SOLE |  | 5360 | 0 | 262 |
| MARATHON OIL CORP | COM | 565849106 | BBG001S69V69 | 203025 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 1368746 | 11760 | SH |  | SOLE |  | 11760 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 | BBG001S5T7M4 | 3100101 | 18734 | SH |  | SOLE |  | 14488 | 0 | 4246 |
| MASCO CORP | COM | 574599106 | BBG001S5SZ70 | 1281886 | 27467 | SH |  | SOLE |  | 24367 | 0 | 3100 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 5187088 | 14917 | SH |  | SOLE |  | 11820 | 0 | 3097 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 | BBG001S79S19 | 1081303 | 13045 | SH |  | SOLE |  | 12315 | 0 | 730 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 85235185 | 323436 | SH |  | SOLE |  | 260387 | 0 | 63049 |
| MCGRATH RENTCORP | COM | 580589109 | BBG001S5T593 | 256724 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 10394035 | 133737 | SH |  | SOLE |  | 120248 | 0 | 13489 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 44906179 | 404742 | SH |  | SOLE |  | 382797 | 0 | 21945 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 12629734 | 104950 | SH |  | SOLE |  | 62196 | 0 | 42754 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 626796 | 8661 | SH |  | SOLE |  | 8413 | 0 | 248 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | BBG001SB87G1 | 96885687 | 67028 | SH |  | SOLE |  | 61879 | 0 | 5149 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 220282667 | 918532 | SH |  | SOLE |  | 778898 | 0 | 139634 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 2404068 | 36070 | SH |  | SOLE |  | 29470 | 0 | 6600 |
| MOODYS CORP | COM | 615369105 | BBG001S5VP87 | 10299474 | 36966 | SH |  | SOLE |  | 34626 | 0 | 2340 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 690021 | 8116 | SH |  | SOLE |  | 7327 | 0 | 789 |
| MORNINGSTAR INC | COM | 617700109 | BBG001SC6FV6 | 305393 | 1410 | SH |  | SOLE |  | 1410 | 0 | 0 |
| NETAPP INC | COM | 64110D104 | BBG001S8LYX5 | 260901 | 4344 | SH |  | SOLE |  | 4344 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 | BBG001S5TSW7 | 137340 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 24302946 | 290705 | SH |  | SOLE |  | 146960 | 0 | 143745 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 7606014 | 65003 | SH |  | SOLE |  | 62125 | 0 | 2878 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 463025 | 1879 | SH |  | SOLE |  | 1879 | 0 | 0 |
| NORTHEAST BK LEWISTON ME | COM | 66405S100 | BBG001SDS4K7 | 589400 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| NORTHERN TR CORP | COM | 665859104 | BBG001S5TRG7 | 401391 | 4536 | SH |  | SOLE |  | 4402 | 0 | 134 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 2628751 | 4818 | SH |  | SOLE |  | 4755 | 0 | 63 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 7238648 | 79791 | SH |  | SOLE |  | 66491 | 0 | 13300 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 1224150 | 9045 | SH |  | SOLE |  | 9045 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | BBG00JM9SM69 | 1022420 | 14000 | SH |  | SOLE |  | 8000 | 0 | 6000 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 84576110 | 578733 | SH |  | SOLE |  | 463343 | 0 | 115390 |
| OLD SECOND BANCORP INC ILL | COM | 680277100 | BBG001S7HMZ6 | 476164 | 29686 | SH |  | SOLE |  | 29686 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 | BBG001S5VR10 | 22765992 | 279097 | SH |  | SOLE |  | 252803 | 0 | 26294 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 224038 | 3410 | SH |  | SOLE |  | 2666 | 0 | 744 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 10010219 | 122464 | SH |  | SOLE |  | 102307 | 0 | 20157 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG001S78TL6 | 189023112 | 223953 | SH |  | SOLE |  | 190020 | 0 | 33933 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60LN7 | 24293173 | 310217 | SH |  | SOLE |  | 294040 | 0 | 16177 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 1236045 | 8858 | SH |  | SOLE |  | 8634 | 0 | 224 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 1331325 | 4575 | SH |  | SOLE |  | 2974 | 0 | 1601 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 50554380 | 437473 | SH |  | SOLE |  | 426317 | 0 | 11156 |
| PAYCOM SOFTWARE INC | COM | 70432V102 | BBG0064N1009 | 691681 | 2229 | SH |  | SOLE |  | 2229 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 3200350 | 44936 | SH |  | SOLE |  | 41546 | 0 | 3390 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 107577505 | 595469 | SH |  | SOLE |  | 500221 | 0 | 95248 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 29930614 | 584126 | SH |  | SOLE |  | 552318 | 0 | 31808 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 2912017 | 28772 | SH |  | SOLE |  | 23668 | 0 | 5104 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 1368546 | 13149 | SH |  | SOLE |  | 6123 | 0 | 7026 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 1665004 | 10542 | SH |  | SOLE |  | 10373 | 0 | 169 |
| PPG INDS INC | COM | 693506107 | BBG001S5VC13 | 801971 | 6378 | SH |  | SOLE |  | 5006 | 0 | 1372 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 122489638 | 808192 | SH |  | SOLE |  | 704953 | 0 | 103239 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 5675331 | 43754 | SH |  | SOLE |  | 43754 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 523857 | 4647 | SH |  | SOLE |  | 4227 | 0 | 420 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 271732 | 4435 | SH |  | SOLE |  | 4435 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 17574908 | 159859 | SH |  | SOLE |  | 139426 | 0 | 20433 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 116619002 | 1155559 | SH |  | SOLE |  | 941391 | 0 | 214168 |
| RESMED INC | COM | 761152107 | BBG001SBGRC2 | 63756981 | 306332 | SH |  | SOLE |  | 233149 | 0 | 73183 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG001S9B362 | 83418549 | 193058 | SH |  | SOLE |  | 153067 | 0 | 39991 |
| RPM INTL INC | COM | 749685103 | BBG001S7X317 | 7516637 | 77133 | SH |  | SOLE |  | 70978 | 0 | 6155 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 484658 | 1447 | SH |  | SOLE |  | 1437 | 0 | 10 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 1391529 | 10495 | SH |  | SOLE |  | 9930 | 0 | 565 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 932825 | 17449 | SH |  | SOLE |  | 15542 | 0 | 1907 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 454767 | 5462 | SH |  | SOLE |  | 950 | 0 | 4512 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 2378528 | 31487 | SH |  | SOLE |  | 31487 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 380289 | 3056 | SH |  | SOLE |  | 2010 | 0 | 1046 |
| SERVICE PPTYS TR | COM SH BEN INT | 81761L102 | BBG001S81XC2 | 83288 | 11425 | SH |  | SOLE |  | 11425 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 523390 | 1348 | SH |  | SOLE |  | 1348 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 583227 | 10241 | SH |  | SOLE |  | 9988 | 0 | 253 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 7115867 | 29983 | SH |  | SOLE |  | 29887 | 0 | 96 |
| SHOPIFY INC | CL A | 82509L107 | BBG004DW5NC7 | 782369 | 22540 | SH |  | SOLE |  | 21380 | 0 | 1160 |
| SMITH A O CORP | COM | 831865209 | BBG001S5NRY3 | 29980642 | 523771 | SH |  | SOLE |  | 302552 | 0 | 221219 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 666042 | 9327 | SH |  | SOLE |  | 8177 | 0 | 1150 |
| SOUTHWESTERN ENERGY CO | COM | 845467109 | BBG001S5WHW7 | 58499 | 10000 | SH |  | SOLE |  | 7228 | 0 | 2772 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 344583 | 1040 | SH |  | SOLE |  | 1040 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 535894 | 3159 | SH |  | SOLE |  | 2412 | 0 | 747 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 22346537 | 58433 | SH |  | SOLE |  | 31823 | 0 | 26610 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 70125613 | 158372 | SH |  | SOLE |  | 127315 | 0 | 31057 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 | BBG0029J2J00 | 273510 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| SPDR SER TR | S 600 SML CAP | 78464A813 | BBG001SPTB69 | 412285 | 5015 | SH |  | SOLE |  | 4850 | 0 | 165 |
| SPDR SER TR | S DIVID ETF | 78464A763 | BBG001SPTBP8 | 3020155 | 24140 | SH |  | SOLE |  | 24140 | 0 | 0 |
| SPROTT PHYSICAL GOLD  SILVE | TR UNIT | 85208R101 | BBG00JPZ8T56 | 654463 | 36501 | SH |  | SOLE |  | 36501 | 0 | 0 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 | BBG001T66XM9 | 300175 | 21289 | SH |  | SOLE |  | 21264 | 0 | 25 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 1295967 | 17252 | SH |  | SOLE |  | 17237 | 0 | 15 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 25863123 | 260717 | SH |  | SOLE |  | 141605 | 0 | 119112 |
| STATE STR CORP | COM | 857477103 | BBG001S5RLD5 | 6302023 | 81243 | SH |  | SOLE |  | 74967 | 0 | 6276 |
| STERICYCLE INC | COM | 858912108 | BBG001S7P0T2 | 1213928 | 24332 | SH |  | SOLE |  | 23932 | 0 | 400 |
| STERIS PLC | SHS USD | G8473T100 | BBG00MRHG532 | 478163 | 2589 | SH |  | SOLE |  | 2589 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 130753136 | 534799 | SH |  | SOLE |  | 455175 | 0 | 79624 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 | BBG001S7XWH6 | 323874 | 6977 | SH |  | SOLE |  | 6860 | 0 | 117 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 319842 | 10080 | SH |  | SOLE |  | 10040 | 0 | 40 |
| SVB FINANCIAL GROUP | COM | 78486Q101 | BBG001S5W3B1 | 218633 | 950 | SH |  | SOLE |  | 950 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 10257462 | 134172 | SH |  | SOLE |  | 132413 | 0 | 1759 |
| TAPESTRY INC | COM | 876030107 | BBG001SFH7D5 | 293216 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 1132256 | 7597 | SH |  | SOLE |  | 4081 | 0 | 3516 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 1069202 | 8680 | SH |  | SOLE |  | 4135 | 0 | 4545 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 5352302 | 32395 | SH |  | SOLE |  | 27867 | 0 | 4528 |
| TEXTRON INC | COM | 883203101 | BBG001S5WZ39 | 203904 | 2880 | SH |  | SOLE |  | 2880 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 44643947 | 81069 | SH |  | SOLE |  | 51188 | 0 | 29881 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 63532900 | 798152 | SH |  | SOLE |  | 722979 | 0 | 75173 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 | BBG001S60L15 | 23054109 | 355993 | SH |  | SOLE |  | 342183 | 0 | 13810 |
| TRACTOR SUPPLY CO | COM | 892356106 | BBG001S7K017 | 16293465 | 72425 | SH |  | SOLE |  | 62199 | 0 | 10226 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 382741 | 2277 | SH |  | SOLE |  | 1702 | 0 | 575 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 617405 | 3293 | SH |  | SOLE |  | 3215 | 0 | 78 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 2241823 | 52099 | SH |  | SOLE |  | 39955 | 0 | 12144 |
| TYLER TECHNOLOGIES INC | COM | 902252105 | BBG001S5WZB0 | 360132 | 1117 | SH |  | SOLE |  | 1099 | 0 | 18 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 1185491 | 23545 | SH |  | SOLE |  | 22519 | 0 | 1026 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 5911026 | 28546 | SH |  | SOLE |  | 27094 | 0 | 1452 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 12829227 | 73799 | SH |  | SOLE |  | 68002 | 0 | 5797 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 251282 | 707 | SH |  | SOLE |  | 707 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 2622270 | 4946 | SH |  | SOLE |  | 4383 | 0 | 563 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 8832826 | 202541 | SH |  | SOLE |  | 193532 | 0 | 9009 |
| V F CORP | COM | 918204108 | BBG001S5X749 | 207241 | 7506 | SH |  | SOLE |  | 3433 | 0 | 4073 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 3130274 | 24675 | SH |  | SOLE |  | 24057 | 0 | 618 |
| VANECK ETF TRUST | AGRIBUSINESS ETF | 92189F700 | BBG001SPSH76 | 512207 | 5967 | SH |  | SOLE |  | 5650 | 0 | 317 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 5246764 | 183068 | SH |  | SOLE |  | 12346 | 0 | 170722 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 | BBG002XRNHT5 | 310334 | 4781 | SH |  | SOLE |  | 4781 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 | BBG001ST39R1 | 1166527 | 15696 | SH |  | SOLE |  | 4289 | 0 | 11407 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 6240332 | 82895 | SH |  | SOLE |  | 38071 | 0 | 44824 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 2203796 | 10813 | SH |  | SOLE |  | 2507 | 0 | 8306 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 1254283 | 3570 | SH |  | SOLE |  | 3570 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 2316827 | 12623 | SH |  | SOLE |  | 3623 | 0 | 9000 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 2098814 | 14952 | SH |  | SOLE |  | 14872 | 0 | 80 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 5665677 | 112997 | SH |  | SOLE |  | 109064 | 0 | 3933 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 2599697 | 66693 | SH |  | SOLE |  | 52493 | 0 | 14200 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | BBG001SHTV18 | 203742 | 3675 | SH |  | SOLE |  | 3675 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 | BBG001T0SKD6 | 1124742 | 10940 | SH |  | SOLE |  | 10940 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 259816 | 1711 | SH |  | SOLE |  | 1196 | 0 | 515 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 31224427 | 743970 | SH |  | SOLE |  | 85213 | 0 | 658757 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 335883 | 3104 | SH |  | SOLE |  | 20 | 0 | 3084 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 | BBG001SHTV45 | 375240 | 3094 | SH |  | SOLE |  | 3084 | 0 | 10 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 496100 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 | BBG001SBRX64 | 3031786 | 17185 | SH |  | SOLE |  | 15368 | 0 | 1817 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 30290677 | 768799 | SH |  | SOLE |  | 543395 | 0 | 225404 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 54340069 | 188171 | SH |  | SOLE |  | 173474 | 0 | 14697 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 161108734 | 775456 | SH |  | SOLE |  | 654825 | 0 | 120631 |
| VMWARE INC | CL A COM | 928563402 | BBG001S6TFZ0 | 938868 | 7648 | SH |  | SOLE |  | 7548 | 0 | 100 |
| WABTEC | COM | 929740108 | BBG001S5XBT3 | 698871 | 7002 | SH |  | SOLE |  | 7002 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | BBG001S5XBY7 | 926117 | 24789 | SH |  | SOLE |  | 24789 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 23009600 | 162279 | SH |  | SOLE |  | 85431 | 0 | 76848 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 141006 | 14874 | SH |  | SOLE |  | 14850 | 0 | 24 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG001SKJ4K1 | 695940 | 5250 | SH |  | SOLE |  | 5250 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 885118 | 5642 | SH |  | SOLE |  | 5642 | 0 | 0 |
| WATERS CORP | COM | 941848103 | BBG001S8MDG9 | 1331950 | 3888 | SH |  | SOLE |  | 1513 | 0 | 2375 |
| WATSCO INC | COM | 942622200 | BBG001S82CQ2 | 53463629 | 214369 | SH |  | SOLE |  | 197252 | 0 | 17117 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 | BBG001S6N6Y7 | 1111203 | 7599 | SH |  | SOLE |  | 7099 | 0 | 500 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 1145653 | 12219 | SH |  | SOLE |  | 11809 | 0 | 410 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 3060174 | 74114 | SH |  | SOLE |  | 66058 | 0 | 8056 |
| WEX INC | COM | 96208T104 | BBG001SCJLG6 | 413216 | 2525 | SH |  | SOLE |  | 2525 | 0 | 0 |
| WILLIAMS ROWLAND ACQUISITION | COM | 96951B102 | BBG011M220W9 | 401200 | 40000 | SH |  | SOLE |  | 0 | 0 | 40000 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 534118 | 3192 | SH |  | SOLE |  | 3192 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 | BBG001S67MM3 | 215694 | 2760 | SH |  | SOLE |  | 500 | 0 | 2260 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 1029849 | 9314 | SH |  | SOLE |  | 9314 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 295096 | 2304 | SH |  | SOLE |  | 2304 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 1915821 | 15026 | SH |  | SOLE |  | 14052 | 0 | 974 |

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