# EDGAR Filing Document

**Accession Number:** 0001893893
**File Stem:** 0001893893-23-000002
**Filing Date:** 2023-2
**Character Count:** 23545
**Document Hash:** 7d235441f1140e4fcd72515c1bd634cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001893893-23-000002.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001893893-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STUDIO INVESTMENT MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001893893
- **IRS NUMBER:** 452645744
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21417
- **FILM NUMBER:** 23626819

**BUSINESS ADDRESS:**
- **STREET 1:** 1901 N. CLYBOURN AVE.
- **STREET 2:** SUITE 404
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60614
- **BUSINESS PHONE:** 312-399-0828

**MAIL ADDRESS:**
- **STREET 1:** 1901 N. CLYBOURN AVE.
- **STREET 2:** SUITE 404
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60614

### 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:** STUDIO INVESTMENT MANAGEMENT LLC<br>**Address:** 1901 N. CLYBOURN AVE.<br>SUITE 404<br>CHICAGO, IL 60614

**Form 13F File Number:** 028-21417

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:** Christina Duncan<br>**Title:** Compliance Consultant<br>**Phone:** (720) 961-5825

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

Christina Duncan  Westminster, CO  02-14-2023<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:** 203

**Form 13F Information Table Value Total:** $308352102

      (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 Company | MMM | 88579Y101 |  | 342372 | 2855 | SH |  | SOLE | 0 | 0 | 0 | 2855 |
| Abbott Laboratories | ABT | 002824100 |  | 49406 | 450 | SH |  | SOLE | 0 | 0 | 0 | 450 |
| Abbvie Inc | ABBV | 00287Y109 |  | 16161 | 100 | SH |  | SOLE | 0 | 0 | 0 | 100 |
| Accenture Plc | ACN | G1151C101 |  | 464835 | 1742 | SH |  | SOLE | 0 | 0 | 0 | 1742 |
| Advance Auto Parts | AAP | 00751Y106 |  | 377279 | 2566 | SH |  | SOLE | 0 | 0 | 0 | 2566 |
| Aflac Inc | AFL | 001055102 |  | 26690 | 371 | SH |  | SOLE | 0 | 0 | 0 | 371 |
| Air Products  Chemicals Inc | APD | 009158106 |  | 23120 | 75 | SH |  | SOLE | 0 | 0 | 0 | 75 |
| Alliant Energy Corp | LNT | 018802108 |  | 2280173 | 41300 | SH |  | SOLE | 0 | 0 | 0 | 41300 |
| Alphabet Inc Class A | GOOGL | 02079K305 |  | 5959937 | 67550 | SH |  | SOLE | 0 | 0 | 0 | 67550 |
| Alphabet Inc Class C | GOOG | 02079K107 |  | 39041 | 440 | SH |  | SOLE | 0 | 0 | 0 | 440 |
| Altria Group Inc | MO | 02209S103 |  | 17644 | 386 | SH |  | SOLE | 0 | 0 | 0 | 386 |
| Amazon Com Inc | AMZN | 023135106 |  | 1272684 | 15151 | SH |  | SOLE | 0 | 0 | 0 | 15151 |
| Amgen Incorporated | AMGN | 031162100 |  | 2839926 | 10813 | SH |  | SOLE | 0 | 0 | 0 | 10813 |
| Apple Inc | AAPL | 037833100 |  | 6205977 | 47764 | SH |  | SOLE | 0 | 0 | 0 | 47764 |
| Applied Materials Inc | AMAT | 038222105 |  | 326710 | 3355 | SH |  | SOLE | 0 | 0 | 0 | 3355 |
| Arrow Electronics | ARW | 042735100 |  | 373942 | 3576 | SH |  | SOLE | 0 | 0 | 0 | 3576 |
| Asensus Surgical Inc | ASXC | 04367G103 |  | 17 | 49 | SH |  | SOLE | 0 | 0 | 0 | 49 |
| Aspen Technology Inc | AZPN | 29109X106 |  | 437091 | 2128 | SH |  | SOLE | 0 | 0 | 0 | 2128 |
| Bank Of America Corp | BAC | 060505104 |  | 2360131 | 71260 | SH |  | SOLE | 0 | 0 | 0 | 71260 |
| Bank Of New York Mellon Co | BK | 064058100 |  | 434989 | 9556 | SH |  | SOLE | 0 | 0 | 0 | 9556 |
| Baxter International Inc | BAX | 071813109 |  | 8971 | 176 | SH |  | SOLE | 0 | 0 | 0 | 176 |
| Becton  Dickinson and Co | BDX | 075887109 |  | 2061864 | 8108 | SH |  | SOLE | 0 | 0 | 0 | 8108 |
| Belgravia Hartford Capital Inc | BLGVF | 07785T201 |  | 3 | 200 | SH |  | SOLE | 0 | 0 | 0 | 200 |
| Berkshire Hathaway Inc Class B | BRKB | 084670702 |  | 11341572 | 36716 | SH |  | SOLE | 0 | 0 | 0 | 36716 |
| Blackrock Inc | BLK | 09247X101 |  | 2871369 | 4052 | SH |  | SOLE | 0 | 0 | 0 | 4052 |
| Booking Holdings Inc | BKNG | 09857L108 |  | 211604 | 105 | SH |  | SOLE | 0 | 0 | 0 | 105 |
| Booz Allen Hamilton | BAH | 099502106 |  | 421529 | 4033 | SH |  | SOLE | 0 | 0 | 0 | 4033 |
| Boston Beer Co Inc | SAM | 100557107 |  | 383891 | 1165 | SH |  | SOLE | 0 | 0 | 0 | 1165 |
| Briggs  Stratton Corp | BGGSQ | 109043109 |  | 0 | 631 | SH |  | SOLE | 0 | 0 | 0 | 631 |
| Bristol-Myers Squibb Company | BMY | 110122108 |  | 35975 | 500 | SH |  | SOLE | 0 | 0 | 0 | 500 |
| Brown  Brown Inc | BRO | 115236101 |  | 365007 | 6407 | SH |  | SOLE | 0 | 0 | 0 | 6407 |
| C H Robinson Worldwide Inc | CHRW | 12541W209 |  | 354887 | 3876 | SH |  | SOLE | 0 | 0 | 0 | 3876 |
| C V S Caremark Corp | CVS | 126650100 |  | 1920087 | 20604 | SH |  | SOLE | 0 | 0 | 0 | 20604 |
| CACI International Inc | CACI | 127190304 |  | 461105 | 1534 | SH |  | SOLE | 0 | 0 | 0 | 1534 |
| Cannabix Technologies Inc | BLOZF | 13765L101 |  | 239 | 1000 | SH |  | SOLE | 0 | 0 | 0 | 1000 |
| Canopy Growth Corp | CGC | 138035100 |  | 12 | 5 | SH |  | SOLE | 0 | 0 | 0 | 5 |
| Caterpillar Inc | CAT | 149123101 |  | 3121227 | 13029 | SH |  | SOLE | 0 | 0 | 0 | 13029 |
| CBRE Group Inc | CBRE | 12504L109 |  | 445829 | 5793 | SH |  | SOLE | 0 | 0 | 0 | 5793 |
| CDW Corp | CDW | 12514G108 |  | 416806 | 2334 | SH |  | SOLE | 0 | 0 | 0 | 2334 |
| Charles Schwab Corp | SCHW | 808513105 |  | 495564 | 5952 | SH |  | SOLE | 0 | 0 | 0 | 5952 |
| Chevron Corporation | CVX | 166764100 |  | 3024227 | 16849 | SH |  | SOLE | 0 | 0 | 0 | 16849 |
| Cisco Systems Inc | CSCO | 17275R102 |  | 1911888 | 40132 | SH |  | SOLE | 0 | 0 | 0 | 40132 |
| Citigroup Inc New | C | 172967424 |  | 52015 | 1150 | SH |  | SOLE | 0 | 0 | 0 | 1150 |
| Coca Cola Company | KO | 191216100 |  | 293497 | 4614 | SH |  | SOLE | 0 | 0 | 0 | 4614 |
| Comcast Corp New Cl A | CMCSA | 20030N101 |  | 1472657 | 42112 | SH |  | SOLE | 0 | 0 | 0 | 42112 |
| Compass Minerals International Inc | CMP | 20451N101 |  | 371337 | 9057 | SH |  | SOLE | 0 | 0 | 0 | 9057 |
| Constellation Brand | STZ | 21036P108 |  | 413210 | 1783 | SH |  | SOLE | 0 | 0 | 0 | 1783 |
| CONSTELLATION ENERGY ORD | CEG | 21037T109 |  | 4569 | 53 | SH |  | SOLE | 0 | 0 | 0 | 53 |
| Copart Inc | CPRT | 217204106 |  | 425682 | 6991 | SH |  | SOLE | 0 | 0 | 0 | 6991 |
| Corbus Pharmaceuticals Holdings Inc | CRBP | 21833P103 |  | 32 | 290 | SH |  | SOLE | 0 | 0 | 0 | 290 |
| Corning Inc | GLW | 219350105 |  | 10892 | 341 | SH |  | SOLE | 0 | 0 | 0 | 341 |
| Corteva Inc com | CTVA | 22052L104 |  | 2148997 | 36560 | SH |  | SOLE | 0 | 0 | 0 | 36560 |
| Costco Wholesale Corp | COST | 22160K105 |  | 208164 | 456 | SH |  | SOLE | 0 | 0 | 0 | 456 |
| CSX Corp | CSX | 126408103 |  | 1842009 | 59458 | SH |  | SOLE | 0 | 0 | 0 | 59458 |
| D X C Technology Com | DXC | 23355L106 |  | 450553 | 17002 | SH |  | SOLE | 0 | 0 | 0 | 17002 |
| D.R. Horton Inc | DHI | 23331A109 |  | 2469178 | 27700 | SH |  | SOLE | 0 | 0 | 0 | 27700 |
| Deere  Co | DE | 244199105 |  | 2429354 | 5666 | SH |  | SOLE | 0 | 0 | 0 | 5666 |
| Devon Energy Corp | DVN | 25179M103 |  | 3814 | 62 | SH |  | SOLE | 0 | 0 | 0 | 62 |
| Domino's Pizza Inc | DPZ | 25754A201 |  | 230356 | 665 | SH |  | SOLE | 0 | 0 | 0 | 665 |
| Ecolab Inc | ECL | 278865100 |  | 14993 | 103 | SH |  | SOLE | 0 | 0 | 0 | 103 |
| Electronic Arts Inc | EA | 285512109 |  | 307649 | 2518 | SH |  | SOLE | 0 | 0 | 0 | 2518 |
| Emerson Electric Co | EMR | 291011104 |  | 515170 | 5363 | SH |  | SOLE | 0 | 0 | 0 | 5363 |
| Enbridge Inc Com | ENB | 29250N105 |  | 15523 | 397 | SH |  | SOLE | 0 | 0 | 0 | 397 |
| Exelon Corporation | EXC | 30161N101 |  | 7046 | 163 | SH |  | SOLE | 0 | 0 | 0 | 163 |
| Expeditors International of Washington Inc | EXPD | 302130109 |  | 468887 | 4512 | SH |  | SOLE | 0 | 0 | 0 | 4512 |
| Exxon Mobil Corporation | XOM | 30231G102 |  | 48973 | 444 | SH |  | SOLE | 0 | 0 | 0 | 444 |
| FlexShares Glbl Quality Real Estate ETF | GQRE | 33939L787 |  | 14844 | 282 | SH |  | SOLE | 0 | 0 | 0 | 282 |
| FlexShares Mstar Glbl Upstrm Nat Res ETF | GUNR | 33939L407 |  | 15301 | 352 | SH |  | SOLE | 0 | 0 | 0 | 352 |
| FlexShares STOXX Global Broad Infras ETF | NFRA | 33939L795 |  | 12401 | 246 | SH |  | SOLE | 0 | 0 | 0 | 246 |
| Focus Financial Partners Inc | FOCS | 34417P100 |  | 467627 | 12547 | SH |  | SOLE | 0 | 0 | 0 | 12547 |
| General Dynamics Corp | GD | 369550108 |  | 4850302 | 19549 | SH |  | SOLE | 0 | 0 | 0 | 19549 |
| General Mills Inc | GIS | 370334104 |  | 4207341 | 50177 | SH |  | SOLE | 0 | 0 | 0 | 50177 |
| Goldman Sachs Group Inc | GS | 38141G104 |  | 375314 | 1093 | SH |  | SOLE | 0 | 0 | 0 | 1093 |
| Heineken NV | HEINY | 423012301 |  | 376442 | 8006 | SH |  | SOLE | 0 | 0 | 0 | 8006 |
| Henry Schein Inc | HSIC | 806407102 |  | 332259 | 4160 | SH |  | SOLE | 0 | 0 | 0 | 4160 |
| Home Depot Inc | HD | 437076102 |  | 32218 | 102 | SH |  | SOLE | 0 | 0 | 0 | 102 |
| Honeywell International Inc | HON | 438516106 |  | 4692741 | 21898 | SH |  | SOLE | 0 | 0 | 0 | 21898 |
| Idex Corp | IEX | 45167R104 |  | 456660 | 2000 | SH |  | SOLE | 0 | 0 | 0 | 2000 |
| Illinois Tool Works Inc | ITW | 452308109 |  | 2751106 | 12488 | SH |  | SOLE | 0 | 0 | 0 | 12488 |
| Insight Enterprises Inc | NSIT | 45765U103 |  | 429256 | 4281 | SH |  | SOLE | 0 | 0 | 0 | 4281 |
| Intel Corp | INTC | 458140100 |  | 131251 | 4966 | SH |  | SOLE | 0 | 0 | 0 | 4966 |
| Intuit Inc | INTU | 461202103 |  | 375208 | 964 | SH |  | SOLE | 0 | 0 | 0 | 964 |
| Invesco FTSE RAFI Dev Mkts ex-US S/M ETF | PDN | 46138E735 |  | 1106485 | 37356 | SH |  | SOLE | 0 | 0 | 0 | 37356 |
| Invesco QQQ Trust | QQQ | 46090E103 |  | 74825 | 281 | SH |  | SOLE | 0 | 0 | 0 | 281 |
| Invesco S 500 Quality ETF | SPHQ | 46137V241 |  | 4884 | 111 | SH |  | SOLE | 0 | 0 | 0 | 111 |
| iShares Core Dividend Growth ETF | DGRO | 46434V621 |  | 128750 | 2575 | SH |  | SOLE | 0 | 0 | 0 | 2575 |
| iShares Core MSCI Emerging Markets ETF | IEMG | 46434G103 |  | 5838 | 125 | SH |  | SOLE | 0 | 0 | 0 | 125 |
| iShares Core S 500 ETF | IVV | 464287200 |  | 32658 | 85 | SH |  | SOLE | 0 | 0 | 0 | 85 |
| iShares Core S Small-Cap | IJR | 464287804 |  | 7855 | 83 | SH |  | SOLE | 0 | 0 | 0 | 83 |
| iShares Edge MSCI Min Vol Emerging Markets ETF | EEMV | 464286533 |  | 531 | 10 | SH |  | SOLE | 0 | 0 | 0 | 10 |
| iShares MSCI EAFE ETF | EFA | 464287465 |  | 17592 | 268 | SH |  | SOLE | 0 | 0 | 0 | 268 |
| iShares MSCI EAFE Min Vol Factor ETF | EFAV | 46429B689 |  | 3243 | 51 | SH |  | SOLE | 0 | 0 | 0 | 51 |
| iShares MSCI EAFE Small Cap | SCZ | 464288273 |  | 621 | 11 | SH |  | SOLE | 0 | 0 | 0 | 11 |
| iShares MSCI USA Momentum Factor ETF | MTUM | 46432F396 |  | 292 | 2 | SH |  | SOLE | 0 | 0 | 0 | 2 |
| iShares Russell 1000 Growth | IWF | 464287614 |  | 8784 | 41 | SH |  | SOLE | 0 | 0 | 0 | 41 |
| iShares Russell 1000 Value | IWD | 464287598 |  | 26084 | 172 | SH |  | SOLE | 0 | 0 | 0 | 172 |
| iShares S 500 Value | IVE | 464287408 |  | 11315 | 78 | SH |  | SOLE | 0 | 0 | 0 | 78 |
| Ishares S Midcap | IJK | 464287606 |  | 5396 | 79 | SH |  | SOLE | 0 | 0 | 0 | 79 |
| Ishares S Midcap | IJJ | 464287705 |  | 9274 | 92 | SH |  | SOLE | 0 | 0 | 0 | 92 |
| John Wiley  Sons Inc | WLY | 968223206 |  | 10896 | 272 | SH |  | SOLE | 0 | 0 | 0 | 272 |
| Johnson  Johnson | JNJ | 478160104 |  | 4219285 | 23885 | SH |  | SOLE | 0 | 0 | 0 | 23885 |
| Johnson Controls Inc | JCI | G51502105 |  | 2230528 | 34852 | SH |  | SOLE | 0 | 0 | 0 | 34852 |
| Jpmorgan Chase  Co | JPM | 46625H100 |  | 3098381 | 23105 | SH |  | SOLE | 0 | 0 | 0 | 23105 |
| Landstar System Inc | LSTR | 515098101 |  | 402852 | 2473 | SH |  | SOLE | 0 | 0 | 0 | 2473 |
| Leggett  Platt Inc | LEG | 524660107 |  | 0 | 0 | SH |  | SOLE | 0 | 0 | 0 | 0 |
| Littelfuse Inc | LFUS | 537008104 |  | 375881 | 1707 | SH |  | SOLE | 0 | 0 | 0 | 1707 |
| LKQ Corp | LKQ | 501889208 |  | 532872 | 9977 | SH |  | SOLE | 0 | 0 | 0 | 9977 |
| Lockheed Martin Corp | LMT | 539830109 |  | 414003 | 851 | SH |  | SOLE | 0 | 0 | 0 | 851 |
| Lowes Companies Inc | LOW | 548661107 |  | 20721 | 104 | SH |  | SOLE | 0 | 0 | 0 | 104 |
| LVMH Moet Hennessy Louis Vuitton SE | LVMUY | 502441306 |  | 428381 | 2957 | SH |  | SOLE | 0 | 0 | 0 | 2957 |
| Mastercard Inc A | MA | 57636Q104 |  | 12171 | 35 | SH |  | SOLE | 0 | 0 | 0 | 35 |
| Mc Donalds Corp | MCD | 580135101 |  | 158118 | 600 | SH |  | SOLE | 0 | 0 | 0 | 600 |
| Medical Marijuana Inc | MJNA | 58463A105 |  | 27 | 4500 | SH |  | SOLE | 0 | 0 | 0 | 4500 |
| Medtronic Inc | MDT | G5960L103 |  | 8938 | 115 | SH |  | SOLE | 0 | 0 | 0 | 115 |
| Merck  Co Inc New | MRK | 58933Y105 |  | 6067523 | 54687 | SH |  | SOLE | 0 | 0 | 0 | 54687 |
| Meta Platforms Inc Class A | META | 30303M102 |  | 298203 | 2478 | SH |  | SOLE | 0 | 0 | 0 | 2478 |
| Metlife Inc | MET | 59156R108 |  | 29310 | 405 | SH |  | SOLE | 0 | 0 | 0 | 405 |
| Microchip Technology | MCHP | 595017104 |  | 3104277 | 44189 | SH |  | SOLE | 0 | 0 | 0 | 44189 |
| Micron Technology Inc | MU | 595112103 |  | 1067923 | 21367 | SH |  | SOLE | 0 | 0 | 0 | 21367 |
| Microsoft Corp | MSFT | 594918104 |  | 5984948 | 24956 | SH |  | SOLE | 0 | 0 | 0 | 24956 |
| Midland States Bancorp Inc | MSBI | 597742105 |  | 3887 | 146 | SH |  | SOLE | 0 | 0 | 0 | 146 |
| Mondelez International Inc Class A | MDLZ | 609207105 |  | 10731 | 161 | SH |  | SOLE | 0 | 0 | 0 | 161 |
| Moodys Corp | MCO | 615369105 |  | 322642 | 1158 | SH |  | SOLE | 0 | 0 | 0 | 1158 |
| Motorola Solutions Inc | MSI | 620076307 |  | 404089 | 1568 | SH |  | SOLE | 0 | 0 | 0 | 1568 |
| Nestle SA (ADR) | NSRGY | 641069406 |  | 600806 | 5209 | SH |  | SOLE | 0 | 0 | 0 | 5209 |
| Netflix Inc | NFLX | 64110L106 |  | 299893 | 1017 | SH |  | SOLE | 0 | 0 | 0 | 1017 |
| Nextera Energy Inc | NEE | 65339F101 |  | 6393979 | 76483 | SH |  | SOLE | 0 | 0 | 0 | 76483 |
| Nordson Corp | NDSN | 655663102 |  | 339464 | 1428 | SH |  | SOLE | 0 | 0 | 0 | 1428 |
| Northern Trust Corp | NTRS | 665859104 |  | 289539 | 3272 | SH |  | SOLE | 0 | 0 | 0 | 3272 |
| Northrop Grumman Corp | NOC | 666807102 |  | 3716150 | 6811 | SH |  | SOLE | 0 | 0 | 0 | 6811 |
| Omnicom Group Inc | OMC | 681919106 |  | 24063 | 295 | SH |  | SOLE | 0 | 0 | 0 | 295 |
| Oracle Corporation | ORCL | 68389X105 |  | 41851 | 512 | SH |  | SOLE | 0 | 0 | 0 | 512 |
| Paychex Inc | PAYX | 704326107 |  | 475298 | 4113 | SH |  | SOLE | 0 | 0 | 0 | 4113 |
| Penn National Gaming Inc | PENN | 707569109 |  | 1485 | 50 | SH |  | SOLE | 0 | 0 | 0 | 50 |
| Pepsico Incorporated | PEP | 713448108 |  | 2196284 | 12157 | SH |  | SOLE | 0 | 0 | 0 | 12157 |
| Pfizer Incorporated | PFE | 717081103 |  | 3915761 | 76420 | SH |  | SOLE | 0 | 0 | 0 | 76420 |
| Philip Morris Intl Inc | PM | 718172109 |  | 43318 | 428 | SH |  | SOLE | 0 | 0 | 0 | 428 |
| PORTILLOS CL A ORD | PTLO | 73642K106 |  | 4374 | 268 | SH |  | SOLE | 0 | 0 | 0 | 268 |
| Procter  Gamble | PG | 742718109 |  | 6735630 | 44442 | SH |  | SOLE | 0 | 0 | 0 | 44442 |
| Raytheon Technologies Ord | RTX | 75513E101 |  | 3262945 | 32332 | SH |  | SOLE | 0 | 0 | 0 | 32332 |
| S P D R TRUST Unit SR | SPY | 78462F103 |  | 46274 | 121 | SH |  | SOLE | 0 | 0 | 0 | 121 |
| Salesforce Inc. | CRM | 79466L302 |  | 422034 | 3183 | SH |  | SOLE | 0 | 0 | 0 | 3183 |
| Schwab Fundamental Emerg Mkts Lg Co ETF | FNDE | 808524730 |  | 2005470 | 80931 | SH |  | SOLE | 0 | 0 | 0 | 80931 |
| Schwab Fundamental Intl Lg Co ETF | FNDF | 808524755 |  | 18451339 | 634721 | SH |  | SOLE | 0 | 0 | 0 | 634721 |
| Schwab Fundamental US Large Company ETF | FNDX | 808524771 |  | 228884 | 4283 | SH |  | SOLE | 0 | 0 | 0 | 4283 |
| Schwab Fundamental US Small Company ETF | FNDA | 808524763 |  | 172911 | 3701 | SH |  | SOLE | 0 | 0 | 0 | 3701 |
| Schwab International Small-Cap Eq ETF | SCHC | 808524888 |  | 72318 | 2298 | SH |  | SOLE | 0 | 0 | 0 | 2298 |
| Schwab US Dividend Equity ETF | SCHD | 808524797 |  | 76069 | 1007 | SH |  | SOLE | 0 | 0 | 0 | 1007 |
| Schwab US Large Cap ETF | SCHX | 808524201 |  | 81992 | 1816 | SH |  | SOLE | 0 | 0 | 0 | 1816 |
| SPDR S Dividend ETF | SDY | 78464A763 |  | 10259 | 82 | SH |  | SOLE | 0 | 0 | 0 | 82 |
| Starbucks Corp | SBUX | 855244109 |  | 508102 | 5122 | SH |  | SOLE | 0 | 0 | 0 | 5122 |
| T. Rowe Price Group Inc | TROW | 74144T108 |  | 1171304 | 10740 | SH |  | SOLE | 0 | 0 | 0 | 10740 |
| Taiwan Semiconductr | TSM | 874039100 |  | 8119 | 109 | SH |  | SOLE | 0 | 0 | 0 | 109 |
| Take-Two Interactive Software Inc | TTWO | 874054109 |  | 267198 | 2566 | SH |  | SOLE | 0 | 0 | 0 | 2566 |
| Tellurian Inc New | TELL | 87968A104 |  | 396 | 236 | SH |  | SOLE | 0 | 0 | 0 | 236 |
| Tesla Motors Inc | TSLA | 88160R101 |  | 24020 | 195 | SH |  | SOLE | 0 | 0 | 0 | 195 |
| The Middleby Corp | MIDD | 596278101 |  | 391390 | 2923 | SH |  | SOLE | 0 | 0 | 0 | 2923 |
| The Western Union Co | WU | 959802109 |  | 8730 | 634 | SH |  | SOLE | 0 | 0 | 0 | 634 |
| Thermo Fisher Scientific Inc | TMO | 883556102 |  | 380527 | 691 | SH |  | SOLE | 0 | 0 | 0 | 691 |
| UBS Group AG | UBS | H42097107 |  | 425415 | 22786 | SH |  | SOLE | 0 | 0 | 0 | 22786 |
| Union Pacific Corp | UNP | 907818108 |  | 1842716 | 8899 | SH |  | SOLE | 0 | 0 | 0 | 8899 |
| United Parcel Srvc | UPS | 911312106 |  | 20861 | 120 | SH |  | SOLE | 0 | 0 | 0 | 120 |
| Unitedhealth Group Inc | UNH | 91324P102 |  | 3427614 | 6465 | SH |  | SOLE | 0 | 0 | 0 | 6465 |
| Unum Group | UNM | 91529Y106 |  | 9888 | 241 | SH |  | SOLE | 0 | 0 | 0 | 241 |
| Vanguard 500 ETF | VOO | 922908363 |  | 1757 | 5 | SH |  | SOLE | 0 | 0 | 0 | 5 |
| Vanguard Dividend Appreciation ETF | VIG | 921908844 |  | 20737243 | 136564 | SH |  | SOLE | 0 | 0 | 0 | 136564 |
| Vanguard Extended Market ETF | VXF | 922908652 |  | 664 | 5 | SH |  | SOLE | 0 | 0 | 0 | 5 |
| Vanguard FTSE Emerging Markets ETF | VWO | 922042858 |  | 706474 | 18124 | SH |  | SOLE | 0 | 0 | 0 | 18124 |
| Vanguard Intl Div Apprec ETF | VIGI | 921946810 |  | 487 | 7 | SH |  | SOLE | 0 | 0 | 0 | 7 |
| Vanguard Small-Cap Value ETF | VBR | 922908611 |  | 15911442 | 100198 | SH |  | SOLE | 0 | 0 | 0 | 100198 |
| Vanguard Total International Stock ETF | VXUS | 921909768 |  | 1939241 | 37495 | SH |  | SOLE | 0 | 0 | 0 | 37495 |
| Vanguard Total Stock Market ETF | VTI | 922908769 |  | 1141404 | 5970 | SH |  | SOLE | 0 | 0 | 0 | 5970 |
| Vanguard Total World | VT | 922042742 |  | 4408705 | 51151 | SH |  | SOLE | 0 | 0 | 0 | 51151 |
| Vanguard Value ETF | VTV | 922908744 |  | 21261563 | 151468 | SH |  | SOLE | 0 | 0 | 0 | 151468 |
| Veeva Systems Inc | VEEV | 922475108 |  | 95053 | 589 | SH |  | SOLE | 0 | 0 | 0 | 589 |
| Visa Inc Cl A | V | 92826C839 |  | 397653 | 1914 | SH |  | SOLE | 0 | 0 | 0 | 1914 |
| Walgreen Boots Alliance Inc Com | WBA | 931427108 |  | 9527 | 255 | SH |  | SOLE | 0 | 0 | 0 | 255 |
| Walt Disney Co | DIS | 254687106 |  | 1544987 | 17783 | SH |  | SOLE | 0 | 0 | 0 | 17783 |
| Waste Management Inc Del | WM | 94106L109 |  | 44711 | 285 | SH |  | SOLE | 0 | 0 | 0 | 285 |
| Wells Fargo  Co New | WFC | 949746101 |  | 28201 | 683 | SH |  | SOLE | 0 | 0 | 0 | 683 |
| Yum China Holdings I | YUMC | 98850P109 |  | 486002 | 8893 | SH |  | SOLE | 0 | 0 | 0 | 8893 |
| Zebra Technologies | ZBRA | 989207105 |  | 178205 | 695 | SH |  | SOLE | 0 | 0 | 0 | 695 |
| Zimmer Biomet Hldgs | ZBH | 98956P102 |  | 2010420 | 15768 | SH |  | SOLE | 0 | 0 | 0 | 15768 |
| Capital Group Core Plus Income ETF | CGCP | 14020Y102 |  | 34690 | 1557 | SH |  | SOLE | 0 | 0 | 0 | 1557 |
| Invesco BulletShares 2023 Corp Bd ETF | BSCN | 46138J866 |  | 53142 | 2533 | SH |  | SOLE | 0 | 0 | 0 | 2533 |
| iShares 10-20 Year Treasury Bond ETF | TLH | 464288653 |  | 199700 | 1846 | SH |  | SOLE | 0 | 0 | 0 | 1846 |
| iShares 3-7 Year Treasury Bond ETF | IEI | 464288661 |  | 5464283 | 47561 | SH |  | SOLE | 0 | 0 | 0 | 47561 |
| iShares 7-10 Year Treasury Bond ETF | IEF | 464287440 |  | 7471 | 78 | SH |  | SOLE | 0 | 0 | 0 | 78 |
| iShares Barclays 1-3 Year Credit Bond ETF | CSJ | 464288646 |  | 117077 | 2350 | SH |  | SOLE | 0 | 0 | 0 | 2350 |
| iShares Core 1-5 Year USD Bond ETF | ISTB | 46432F859 |  | 5762368 | 124082 | SH |  | SOLE | 0 | 0 | 0 | 124082 |
| iShares iBonds Dec 2023 Term Tr ETF | IBTD | 46436E882 |  | 8551214 | 346203 | SH |  | SOLE | 0 | 0 | 0 | 346203 |
| Ishares Tr S Muni Fund | SUB | 464288158 |  | 4913724 | 47125 | SH |  | SOLE | 0 | 0 | 0 | 47125 |
| JPMorgan Ultra-Short Municipal Inc ETF | JMST | 46641Q654 |  | 6165 | 122 | SH |  | SOLE | 0 | 0 | 0 | 122 |
| PIMCO 1-5 U.S. TIPS ETF | STPZ | 72201R205 |  | 8677 | 174 | SH |  | SOLE | 0 | 0 | 0 | 174 |
| PIMCO Enhanced Short Maturity | MINT | 72201R833 |  | 674470 | 6837 | SH |  | SOLE | 0 | 0 | 0 | 6837 |
| SPDR Nuveen Barclays Short Term Muni Bond ETF | SHM | 78468R739 |  | 4821463 | 102628 | SH |  | SOLE | 0 | 0 | 0 | 102628 |
| SPDR Portfolio Short Term Treasury ETF | SPTS | 78468R101 |  | 173340 | 6000 | SH |  | SOLE | 0 | 0 | 0 | 6000 |
| Vanguard Intermediate-Term Bond ETF | BIV | 921937819 |  | 2394739 | 32222 | SH |  | SOLE | 0 | 0 | 0 | 32222 |
| Vanguard Short-Term Corporate Bond ETF | VCSH | 92206C409 |  | 6528898 | 86832 | SH |  | SOLE | 0 | 0 | 0 | 86832 |
| Vanguard Short-Term Inflation Protected ETF | VTIP | 922020805 |  | 12410991 | 265703 | SH |  | SOLE | 0 | 0 | 0 | 265703 |
| Vanguard Short-Term Treasury ETF | VGSH | 92206C102 |  | 5568471 | 96307 | SH |  | SOLE | 0 | 0 | 0 | 96307 |
| Vanguard Tax-Exempt Bond ETF | VTEB | 922907746 |  | 3157957 | 63810 | SH |  | SOLE | 0 | 0 | 0 | 63810 |
| SPDR Gold Shares | GLD | 78463V107 |  | 127230 | 750 | SH |  | SOLE | 0 | 0 | 0 | 750 |

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