# EDGAR Filing Document

**Accession Number:** 0001585047
**File Stem:** 0002085853-26-000430
**Filing Date:** 2026-4
**Character Count:** 19921
**Document Hash:** 9dd649614994e0a416fd2f7fdb823935
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000430.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0002085853-26-000430

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260420

**EFFECTIVENESS DATE**: 20260421

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Asset Management
- **CENTRAL INDEX KEY:** 0001585047

**ORGANIZATION NAME:**
- **EIN:** 383386847
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15791
- **FILM NUMBER:** 26876275

**BUSINESS ADDRESS:**
- **STREET 1:** 924 NORTH MAIN STREET
- **STREET 2:** SUITE 1
- **CITY:** ANN ARBOR
- **STATE:** MI
- **ZIP:** 48104
- **BUSINESS PHONE:** 2695124997

**MAIL ADDRESS:**
- **STREET 1:** 924 NORTH MAIN STREET
- **STREET 2:** SUITE 1
- **CITY:** ANN ARBOR
- **STATE:** MI
- **ZIP:** 48104

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Columbia Asset Management<br>**Address:** 924 North Main Street<br>Suite 1<br>Ann Arbor, MI 48104

**Form 13F File Number:** 028-15791

**CRD Number (if applicable):** 000124174

**SEC File Number (if applicable):** 801-62115

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:** Jessica Hoard<br>**Title:** CCO<br>**Phone:** 734-665-1455

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

/s/ Jessica Hoard  Ann Arbor, MI  04-20-2026<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:** 170

**Form 13F Information Table Value Total:** $525088903

      (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 |  | 2118345 | 14586 | SH |  | SOLE |  | 0 | 0 | 14586 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 471358 | 4591 | SH |  | SOLE |  | 0 | 0 | 4591 |
| ABBVIE INC | COM | 00287Y109 |  | 7683651 | 35329 | SH |  | SOLE |  | 0 | 0 | 35329 |
| ADOBE INC | COM | 00724F101 |  | 3709158 | 15259 | SH |  | SOLE |  | 0 | 0 | 15259 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 412049 | 2030 | SH |  | SOLE |  | 0 | 0 | 2030 |
| ALAMOS GOLD INC | COM CL A | 011532108 |  | 386319 | 8695 | SH |  | SOLE |  | 0 | 0 | 8695 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 10216739 | 35616 | SH |  | SOLE |  | 0 | 0 | 35616 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 21302726 | 74081 | SH |  | SOLE |  | 0 | 0 | 74081 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 850611 | 12890 | SH |  | SOLE |  | 0 | 0 | 12890 |
| AMAZON COM INC | COM | 023135106 |  | 17596603 | 84489 | SH |  | SOLE |  | 0 | 0 | 84489 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1524293 | 11629 | SH |  | SOLE |  | 0 | 0 | 11629 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 3567313 | 11794 | SH |  | SOLE |  | 0 | 0 | 11794 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 1334389 | 7732 | SH |  | SOLE |  | 0 | 0 | 7732 |
| AMGEN INC | COM | 031162100 |  | 7888483 | 22420 | SH |  | SOLE |  | 0 | 0 | 22420 |
| APPLE INC | COM | 037833100 |  | 50272875 | 198088 | SH |  | SOLE |  | 0 | 0 | 198088 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 2442215 | 1849 | SH |  | SOLE |  | 0 | 0 | 1849 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 826155 | 4189 | SH |  | SOLE |  | 0 | 0 | 4189 |
| AT INC | COM | 00206R102 |  | 2823101 | 97382 | SH |  | SOLE |  | 0 | 0 | 97382 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 1649928 | 38640 | SH |  | SOLE |  | 0 | 0 | 38640 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 358426 | 1764 | SH |  | SOLE |  | 0 | 0 | 1764 |
| BANK AMERICA CORP | COM | 060505104 |  | 731983 | 15015 | SH |  | SOLE |  | 0 | 0 | 15015 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1437440 | 12117 | SH |  | SOLE |  | 0 | 0 | 12117 |
| BLACKROCK INC | COM | 09290D101 |  | 755904 | 786 | SH |  | SOLE |  | 0 | 0 | 786 |
| BOEING CO | COM | 097023105 |  | 390497 | 1962 | SH |  | SOLE |  | 0 | 0 | 1962 |
| BP PLC | SPONSORED ADR | 055622104 |  | 6075901 | 129274 | SH |  | SOLE |  | 0 | 0 | 129274 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 329026 | 5425 | SH |  | SOLE |  | 0 | 0 | 5425 |
| BROADCOM INC | COM | 11135F101 |  | 14693047 | 47472 | SH |  | SOLE |  | 0 | 0 | 47472 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 632136 | 11226 | SH |  | SOLE |  | 0 | 0 | 11226 |
| CATERPILLAR INC | COM | 149123101 |  | 10667850 | 15058 | SH |  | SOLE |  | 0 | 0 | 15058 |
| CHEVRON CORPORATION | COM | 166764100 |  | 7486062 | 36182 | SH |  | SOLE |  | 0 | 0 | 36182 |
| CHUBB LTD SWITZ | COM | H1467J104 |  | 1074265 | 3296 | SH |  | SOLE |  | 0 | 0 | 3296 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 497653 | 5540 | SH |  | SOLE |  | 0 | 0 | 5540 |
| CISCO SYS INC | COM | 17275R102 |  | 6981727 | 89982 | SH |  | SOLE |  | 0 | 0 | 89982 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2689741 | 23717 | SH |  | SOLE |  | 0 | 0 | 23717 |
| CLOROX CO DEL | COM | 189054109 |  | 1303251 | 12576 | SH |  | SOLE |  | 0 | 0 | 12576 |
| COCA COLA CO | COM | 191216100 |  | 5491348 | 72207 | SH |  | SOLE |  | 0 | 0 | 72207 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 411661 | 4830 | SH |  | SOLE |  | 0 | 0 | 4830 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 754327 | 26274 | SH |  | SOLE |  | 0 | 0 | 26274 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 289514 | 2558 | SH |  | SOLE |  | 0 | 0 | 2558 |
| CORNING INC | COM | 219350105 |  | 4168296 | 30656 | SH |  | SOLE |  | 0 | 0 | 30656 |
| CORTEVA INC | COM | 22052L104 |  | 273250 | 3264 | SH |  | SOLE |  | 0 | 0 | 3264 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 4486562 | 4503 | SH |  | SOLE |  | 0 | 0 | 4503 |
| CUMMINS INC | COM | 231021106 |  | 215208 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| DATADOG INC | CL A COM | 23804L103 |  | 264432 | 2240 | SH |  | SOLE |  | 0 | 0 | 2240 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 2105593 | 21037 | SH |  | SOLE |  | 0 | 0 | 21037 |
| DEERE  CO | COM | 244199105 |  | 4506704 | 8001 | SH |  | SOLE |  | 0 | 0 | 8001 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 555580 | 3385 | SH |  | SOLE |  | 0 | 0 | 3385 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 277177 | 3723 | SH |  | SOLE |  | 0 | 0 | 3723 |
| DISNEY WALT CO | COM | 254687106 |  | 3339672 | 34651 | SH |  | SOLE |  | 0 | 0 | 34651 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 337166 | 5454 | SH |  | SOLE |  | 0 | 0 | 5454 |
| DOW HLDGS INC | COM | 260557103 |  | 417416 | 10022 | SH |  | SOLE |  | 0 | 0 | 10022 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 219868 | 1633 | SH |  | SOLE |  | 0 | 0 | 1633 |
| DTE ENERGY CO | COM | 233331107 |  | 1496969 | 10238 | SH |  | SOLE |  | 0 | 0 | 10238 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1721027 | 13144 | SH |  | SOLE |  | 0 | 0 | 13144 |
| EATON CORP PLC | SHS | G29183103 |  | 583002 | 1630 | SH |  | SOLE |  | 0 | 0 | 1630 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 295612 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| ELI LILLY  CO | COM | 532457108 |  | 7754581 | 8431 | SH |  | SOLE |  | 0 | 0 | 8431 |
| EMERSON ELEC CO | COM | 291011104 |  | 1249823 | 9539 | SH |  | SOLE |  | 0 | 0 | 9539 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 963637 | 22835 | SH |  | SOLE |  | 0 | 0 | 22835 |
| ERIE INDTY CO | CL A | 29530P102 |  | 18237255 | 72569 | SH |  | SOLE |  | 0 | 0 | 72569 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 1066712 | 4620 | SH |  | SOLE |  | 0 | 0 | 4620 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3912445 | 23061 | SH |  | SOLE |  | 0 | 0 | 23061 |
| FEDEX CORP | COM | 31428X106 |  | 473431 | 1329 | SH |  | SOLE |  | 0 | 0 | 1329 |
| FERRARI N V | COM | N3167Y103 |  | 423063 | 1250 | SH |  | SOLE |  | 0 | 0 | 1250 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 387569 | 8342 | SH |  | SOLE |  | 0 | 0 | 8342 |
| FORD MTR CO | COM | 345370860 |  | 137418 | 11908 | SH |  | SOLE |  | 0 | 0 | 11908 |
| GARMIN LTD | SHS | H2906T109 |  | 232010 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1763358 | 6214 | SH |  | SOLE |  | 0 | 0 | 6214 |
| GE VERNOVA INC | COM | 36828A101 |  | 526562 | 603 | SH |  | SOLE |  | 0 | 0 | 603 |
| GENERAC HLDGS INC | COM | 368736104 |  | 548682 | 2809 | SH |  | SOLE |  | 0 | 0 | 2809 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1226325 | 3573 | SH |  | SOLE |  | 0 | 0 | 3573 |
| GENERAL MILLS INC | COM | 370334104 |  | 479777 | 12890 | SH |  | SOLE |  | 0 | 0 | 12890 |
| GENUINE PARTS CO | COM | 372460105 |  | 391275 | 3700 | SH |  | SOLE |  | 0 | 0 | 3700 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 429975 | 3085 | SH |  | SOLE |  | 0 | 0 | 3085 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1511599 | 1787 | SH |  | SOLE |  | 0 | 0 | 1787 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 294327 | 5333 | SH |  | SOLE |  | 0 | 0 | 5333 |
| HERSHEY CO | COM | 427866108 |  | 524714 | 2524 | SH |  | SOLE |  | 0 | 0 | 2524 |
| HOME DEPOT INC | COM | 437076102 |  | 4128143 | 12552 | SH |  | SOLE |  | 0 | 0 | 12552 |
| HONEYWELL INTL INC | COM | 438516106 |  | 3002429 | 13283 | SH |  | SOLE |  | 0 | 0 | 13283 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2704413 | 10390 | SH |  | SOLE |  | 0 | 0 | 10390 |
| INTEL CORP | COM | 458140100 |  | 722849 | 16380 | SH |  | SOLE |  | 0 | 0 | 16380 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 7088352 | 29244 | SH |  | SOLE |  | 0 | 0 | 29244 |
| INTUIT | COM | 461202103 |  | 260293 | 602 | SH |  | SOLE |  | 0 | 0 | 602 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 625178 | 2631 | SH |  | SOLE |  | 0 | 0 | 2631 |
| IRON MTN INC DEL | COM | 46284V101 |  | 603852 | 5912 | SH |  | SOLE |  | 0 | 0 | 5912 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1057085 | 10872 | SH |  | SOLE |  | 0 | 0 | 10872 |
| ISHARES TR | CORE S ETF | 464287200 |  | 500359 | 766 | SH |  | SOLE |  | 0 | 0 | 766 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 209397 | 980 | SH |  | SOLE |  | 0 | 0 | 980 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1628994 | 17994 | SH |  | SOLE |  | 0 | 0 | 17994 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 390752 | 6894 | SH |  | SOLE |  | 0 | 0 | 6894 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 279155 | 5028 | SH |  | SOLE |  | 0 | 0 | 5028 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 13265661 | 54270 | SH |  | SOLE |  | 0 | 0 | 54270 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 9731754 | 33083 | SH |  | SOLE |  | 0 | 0 | 33083 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 285551 | 2960 | SH |  | SOLE |  | 0 | 0 | 2960 |
| KRAFT HEINZ CO | COM | 500754106 |  | 519564 | 23102 | SH |  | SOLE |  | 0 | 0 | 23102 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1014885 | 4750 | SH |  | SOLE |  | 0 | 0 | 4750 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 586373 | 3830 | SH |  | SOLE |  | 0 | 0 | 3830 |
| MARATHON PETE CORP | COM | 56585A102 |  | 268598 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 269833 | 825 | SH |  | SOLE |  | 0 | 0 | 825 |
| MASCO CORP | COM | 574599106 |  | 226388 | 3750 | SH |  | SOLE |  | 0 | 0 | 3750 |
| MCDONALDS CORP | COM | 580135101 |  | 4937811 | 15888 | SH |  | SOLE |  | 0 | 0 | 15888 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 5334183 | 61560 | SH |  | SOLE |  | 0 | 0 | 61560 |
| MERCK  CO INC | COM | 58933Y105 |  | 13431896 | 111663 | SH |  | SOLE |  | 0 | 0 | 111663 |
| META PLATFORMS INC | CL A | 30303M102 |  | 392634 | 686 | SH |  | SOLE |  | 0 | 0 | 686 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 472950 | 375 | SH |  | SOLE |  | 0 | 0 | 375 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 480246 | 7433 | SH |  | SOLE |  | 0 | 0 | 7433 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1906431 | 5643 | SH |  | SOLE |  | 0 | 0 | 5643 |
| MICROSOFT CORP | COM | 594918104 |  | 33354285 | 90105 | SH |  | SOLE |  | 0 | 0 | 90105 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 830247 | 14404 | SH |  | SOLE |  | 0 | 0 | 14404 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 209772 | 2895 | SH |  | SOLE |  | 0 | 0 | 2895 |
| NETFLIX INC. | COM | 64110L106 |  | 3321790 | 34548 | SH |  | SOLE |  | 0 | 0 | 34548 |
| NEWMONT CORP | COM | 651639106 |  | 676833 | 6253 | SH |  | SOLE |  | 0 | 0 | 6253 |
| NIKE INC | CL B | 654106103 |  | 5345482 | 101202 | SH |  | SOLE |  | 0 | 0 | 101202 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5786350 | 33179 | SH |  | SOLE |  | 0 | 0 | 33179 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 499833 | 2558 | SH |  | SOLE |  | 0 | 0 | 2558 |
| ORACLE CORP | COM | 68389X105 |  | 1113917 | 7572 | SH |  | SOLE |  | 0 | 0 | 7572 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1045411 | 11325 | SH |  | SOLE |  | 0 | 0 | 11325 |
| PEPSICO INC | COM | 713448108 |  | 4964309 | 31968 | SH |  | SOLE |  | 0 | 0 | 31968 |
| PFIZER INC | COM | 717081103 |  | 5454823 | 194260 | SH |  | SOLE |  | 0 | 0 | 194260 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 901930 | 5455 | SH |  | SOLE |  | 0 | 0 | 5455 |
| PHILLIPS 66 | COM | 718546104 |  | 342134 | 1878 | SH |  | SOLE |  | 0 | 0 | 1878 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1655421 | 18365 | SH |  | SOLE |  | 0 | 0 | 18365 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 5739550 | 39737 | SH |  | SOLE |  | 0 | 0 | 39737 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 1450833 | 5356 | SH |  | SOLE |  | 0 | 0 | 5356 |
| QUALCOMM INC | COM | 747525103 |  | 1452439 | 11278 | SH |  | SOLE |  | 0 | 0 | 11278 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 1142371 | 12245 | SH |  | SOLE |  | 0 | 0 | 12245 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2416414 | 25712 | SH |  | SOLE |  | 0 | 0 | 25712 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 274057 | 11073 | SH |  | SOLE |  | 0 | 0 | 11073 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 293820 | 750 | SH |  | SOLE |  | 0 | 0 | 750 |
| SHELL PLC | SPON ADS | 780259305 |  | 3617700 | 38900 | SH |  | SOLE |  | 0 | 0 | 38900 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 606801 | 1893 | SH |  | SOLE |  | 0 | 0 | 1893 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 265305 | 11495 | SH |  | SOLE |  | 0 | 0 | 11495 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 245440 | 2545 | SH |  | SOLE |  | 0 | 0 | 2545 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 2225250 | 107500 | SH |  | SOLE |  | 0 | 0 | 107500 |
| SOUTHERN CO | COM | 842587107 |  | 749818 | 7769 | SH |  | SOLE |  | 0 | 0 | 7769 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1744826 | 4055 | SH |  | SOLE |  | 0 | 0 | 4055 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 206190 | 2250 | SH |  | SOLE |  | 0 | 0 | 2250 |
| STARBUCKS CORP | COM | 855244109 |  | 7296657 | 81445 | SH |  | SOLE |  | 0 | 0 | 81445 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 9212957 | 14166 | SH |  | SOLE |  | 0 | 0 | 14166 |
| STRYKER CORPORATION | COM | 863667101 |  | 4604352 | 14012 | SH |  | SOLE |  | 0 | 0 | 14012 |
| TARGET CORP | COM | 87612E106 |  | 5085166 | 41957 | SH |  | SOLE |  | 0 | 0 | 41957 |
| TESLA INC | COM | 88160R101 |  | 512651 | 1379 | SH |  | SOLE |  | 0 | 0 | 1379 |
| THE CIGNA GROUP | COM | 125523100 |  | 554573 | 2079 | SH |  | SOLE |  | 0 | 0 | 2079 |
| TJX COS INC NEW | COM | 872540109 |  | 766081 | 4797 | SH |  | SOLE |  | 0 | 0 | 4797 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 385837 | 4135 | SH |  | SOLE |  | 0 | 0 | 4135 |
| TOTALENERGIES SE | ACT | F92124100 |  | 207434 | 2280 | SH |  | SOLE |  | 0 | 0 | 2280 |
| UBS GROUP AG | SHS | H42097107 |  | 273412 | 6998 | SH |  | SOLE |  | 0 | 0 | 6998 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 994070 | 17449 | SH |  | SOLE |  | 0 | 0 | 17449 |
| UNION PAC CORP | COM | 907818108 |  | 5906081 | 24343 | SH |  | SOLE |  | 0 | 0 | 24343 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 3873249 | 39370 | SH |  | SOLE |  | 0 | 0 | 39370 |
| US BANCORP | COM NEW | 902973304 |  | 1688417 | 32463 | SH |  | SOLE |  | 0 | 0 | 32463 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 2564527 | 32707 | SH |  | SOLE |  | 0 | 0 | 32707 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 3020585 | 6915 | SH |  | SOLE |  | 0 | 0 | 6915 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3320146 | 11561 | SH |  | SOLE |  | 0 | 0 | 11561 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 4418816 | 16871 | SH |  | SOLE |  | 0 | 0 | 16871 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 341734 | 1573 | SH |  | SOLE |  | 0 | 0 | 1573 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 747721 | 13834 | SH |  | SOLE |  | 0 | 0 | 13834 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 217162 | 1570 | SH |  | SOLE |  | 0 | 0 | 1570 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 4331100 | 20139 | SH |  | SOLE |  | 0 | 0 | 20139 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 4229161 | 54846 | SH |  | SOLE |  | 0 | 0 | 54846 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 228757 | 840 | SH |  | SOLE |  | 0 | 0 | 840 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 7286644 | 145152 | SH |  | SOLE |  | 0 | 0 | 145152 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1290054 | 2889 | SH |  | SOLE |  | 0 | 0 | 2889 |
| VISA INC | COM CL A | 92826C839 |  | 15455279 | 51136 | SH |  | SOLE |  | 0 | 0 | 51136 |
| WALMART INC | COM | 931142103 |  | 919873 | 7402 | SH |  | SOLE |  | 0 | 0 | 7402 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2145090 | 9335 | SH |  | SOLE |  | 0 | 0 | 9335 |
| WATERS CORP | COM | 941848103 |  | 221563 | 744 | SH |  | SOLE |  | 0 | 0 | 744 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 274620 | 125 | SH |  | SOLE |  | 0 | 0 | 125 |
| WP CAREY INC | COM | 92936U109 |  | 236180 | 3475 | SH |  | SOLE |  | 0 | 0 | 3475 |
| YETI HLDGS INC | COM | 98585X104 |  | 293452 | 8020 | SH |  | SOLE |  | 0 | 0 | 8020 |

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