# EDGAR Filing Document

**Accession Number:** 0001349654
**File Stem:** 0001085146-23-000811
**Filing Date:** 2023-2
**Character Count:** 28125
**Document Hash:** d85d8bcef3d57b4bfd26a6f72c4e3e3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000811.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001085146-23-000811

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OBERMEYER WOOD INVESTMENT COUNSEL, LLLP
- **CENTRAL INDEX KEY:** 0001349654
- **IRS NUMBER:** 841436016
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11588
- **FILM NUMBER:** 23599856

**BUSINESS ADDRESS:**
- **STREET 1:** 501 RIO GRANDE PLACE #107
- **CITY:** ASPEN
- **STATE:** CO
- **ZIP:** 81611
- **BUSINESS PHONE:** 970-925-8747

**MAIL ADDRESS:**
- **STREET 1:** 501 RIO GRANDE PLACE #107
- **CITY:** ASPEN
- **STATE:** CO
- **ZIP:** 81611

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OBERMEYER ASSET MANAGEMENT CO
- **DATE OF NAME CHANGE:** 20060112

### 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:** OBERMEYER WOOD INVESTMENT COUNSEL LLLP<br>**Address:** 501 RIO GRANDE PLACE #107<br>ASPEN, CO 81611

**Form 13F File Number:** 028-11588

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:** George F. Wood<br>**Title:** Partner<br>**Phone:** 303-321-8188

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

/s/ George F. Wood  Denver, CO  02-08-2023<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:** 226

**Form 13F Information Table Value Total:** $1322263999

      (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 | 435070 | 3628 | SH |  | SOLE |  | 3628 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 1747308 | 15915 | SH |  | SOLE |  | 15915 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 1820364 | 11264 | SH |  | SOLE |  | 11264 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 489118 | 1833 | SH |  | SOLE |  | 1833 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 27197682 | 80818 | SH |  | SOLE |  | 80818 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 | BBG001SCTQY4 | 307980 | 2058 | SH |  | SOLE |  | 2058 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 1141487 | 3703 | SH |  | SOLE |  | 3703 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 420360 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3984555 | 45161 | SH |  | SOLE |  | 45161 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 50526944 | 569446 | SH |  | SOLE |  | 569446 | 0 | 0 |
| ALTICE USA INC | CL A | 02156K103 | BBG00GFMPS82 | 82800 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 258933 | 5664 | SH |  | SOLE |  | 5664 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 25057536 | 298304 | SH |  | SOLE |  | 298304 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 1165895 | 7891 | SH |  | SOLE |  | 7891 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 261435 | 1234 | SH |  | SOLE |  | 1234 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 476922 | 3129 | SH |  | SOLE |  | 3129 | 0 | 0 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 | BBG001S8X7P0 | 409138 | 2469 | SH |  | SOLE |  | 2469 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 777223 | 2959 | SH |  | SOLE |  | 2959 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 2441094 | 14882 | SH |  | SOLE |  | 14882 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 57953034 | 193087 | SH |  | SOLE |  | 193087 | 0 | 0 |
| APOLLO COML REAL ESTATE FIN | NOTE 5.375%10/1 | 03762UAC9 |  | 39564 | 40000 | PRN |  | SOLE |  | 40000 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | BBG00ZNLTFL2 | 248781 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 14136725 | 108803 | SH |  | SOLE |  | 108803 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 636865 | 6540 | SH |  | SOLE |  | 6540 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 | BBG001S78MT3 | 593892 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG001S5ND74 | 337695 | 3637 | SH |  | SOLE |  | 3637 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 | BBG001SL96Z9 | 612995 | 33189 | SH |  | SOLE |  | 33189 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 763635 | 3197 | SH |  | SOLE |  | 3197 | 0 | 0 |
| AVANTOR INC | COM | 05352A100 | BBG00G2HHYF5 | 30157816 | 1430423 | SH |  | SOLE |  | 1430423 | 0 | 0 |
| BALL CORP | COM | 058498106 | BBG001S5P7Q4 | 26011173 | 508627 | SH |  | SOLE |  | 508627 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 383220 | 11569 | SH |  | SOLE |  | 11569 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 11249063 | 24 | SH |  | SOLE |  | 24 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 87853631 | 284408 | SH |  | SOLE |  | 284408 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 475491 | 671 | SH |  | SOLE |  | 671 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 333784 | 4493 | SH |  | SOLE |  | 4493 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 247256 | 1298 | SH |  | SOLE |  | 1298 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1309556 | 18201 | SH |  | SOLE |  | 18201 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 727987 | 1302 | SH |  | SOLE |  | 1302 | 0 | 0 |
| BROADSTONE NET LEASE INC | COM | 11135E203 | BBG001T61WG3 | 405898 | 25040 | SH |  | SOLE |  | 25040 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 | BBG00W5FR7D1 | 2045534 | 74275 | SH |  | SOLE |  | 74275 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 | BBG001S5P4H1 | 369450 | 5625 | SH |  | SOLE |  | 5625 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 | BBG001S9CFC7 | 249788 | 3850 | SH |  | SOLE |  | 3850 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 | BBG001S7F4Z8 | 212209 | 2845 | SH |  | SOLE |  | 2845 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 254595 | 6172 | SH |  | SOLE |  | 6172 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 | BBG001S6T7Q8 | 621718 | 7581 | SH |  | SOLE |  | 7581 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 793950 | 4423 | SH |  | SOLE |  | 4423 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 992700 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 | BBG00KXRCDQ9 | 290585 | 877 | SH |  | SOLE |  | 877 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 270071 | 5669 | SH |  | SOLE |  | 5669 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 161100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 3069691 | 48258 | SH |  | SOLE |  | 48258 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 877011 | 11131 | SH |  | SOLE |  | 11131 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 773431 | 22117 | SH |  | SOLE |  | 22117 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 347393 | 1499 | SH |  | SOLE |  | 1499 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 384366 | 12034 | SH |  | SOLE |  | 12034 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969D0 | 1729954 | 29431 | SH |  | SOLE |  | 29431 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 1138993 | 2495 | SH |  | SOLE |  | 2495 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG001S7W5T3 | 35386653 | 260887 | SH |  | SOLE |  | 260887 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 237696 | 2551 | SH |  | SOLE |  | 2551 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 647780 | 7267 | SH |  | SOLE |  | 7267 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 746900 | 1742 | SH |  | SOLE |  | 1742 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 206556 | 2060 | SH |  | SOLE |  | 2060 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | NOTE 5.000% 4/1 | 19624RAA4 |  | 39794 | 40000 | PRN |  | SOLE |  | 40000 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1016235 | 11697 | SH |  | SOLE |  | 11697 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 | BBG001T535D5 | 285579 | 5153 | SH |  | SOLE |  | 5153 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 33895504 | 137647 | SH |  | SOLE |  | 137647 | 0 | 0 |
| DOVER CORP | COM | 260003108 | BBG001S5QL46 | 727558 | 5373 | SH |  | SOLE |  | 5373 | 0 | 0 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 621057 | 12325 | SH |  | SOLE |  | 12325 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 829238 | 12083 | SH |  | SOLE |  | 12083 | 0 | 0 |
| E2OPEN PARENT HOLDINGS INC | COM CL A | 29788T103 | BBG00S91HBN8 | 96855 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| EATON VANCE TAX-MANAGED BUY- | COM | 27828Y108 | BBG001SM6Y34 | 630207 | 51320 | SH |  | SOLE |  | 51320 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 696667 | 7251 | SH |  | SOLE |  | 7251 | 0 | 0 |
| EMPIRE ST RLTY OP L P | UNIT LTD PRT 60 | 292102209 | BBG005CL7PV1 | 70871 | 10738 | SH |  | SOLE |  | 10738 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 605139 | 50990 | SH |  | SOLE |  | 50990 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 1467971 | 60730 | SH |  | SOLE |  | 60730 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 35548080 | 54269 | SH |  | SOLE |  | 54269 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 | BBG001S5VFD3 | 303086 | 6350 | SH |  | SOLE |  | 6350 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 2544286 | 23067 | SH |  | SOLE |  | 23067 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 238323 | 1376 | SH |  | SOLE |  | 1376 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 | BBG001TG3G38 | 24605119 | 201600 | SH |  | SOLE |  | 201600 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 | BBG007GFNV45 | 16261820 | 343004 | SH |  | SOLE |  | 343004 | 0 | 0 |
| FIRST WESTN FINL INC | COM | 33751L105 | BBG001SN3RQ5 | 1194545 | 42435 | SH |  | SOLE |  | 42435 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 313317 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 | BBG001TCDMY9 | 243550 | 1377 | SH |  | SOLE |  | 1377 | 0 | 0 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 | BBG007GJ2F90 | 203668 | 2925 | SH |  | SOLE |  | 2925 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 | BBG001S5R880 | 218400 | 1750 | SH |  | SOLE |  | 1750 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 326551 | 1732 | SH |  | SOLE |  | 1732 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 415861 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| GRANITE PT MTG TR INC | NOTE 6.375%10/0 | 38741LAC1 |  | 49100 | 50000 | PRN |  | SOLE |  | 50000 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 597451 | 2580 | SH |  | SOLE |  | 2580 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 34429543 | 109003 | SH |  | SOLE |  | 109003 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 234659 | 1095 | SH |  | SOLE |  | 1095 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 | BBG001S5S4Y9 | 2242148 | 5496 | SH |  | SOLE |  | 5496 | 0 | 0 |
| INMODE LTD | SHS | M5425M103 | BBG00PPS74F3 | 23930259 | 670482 | SH |  | SOLE |  | 670482 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 346021 | 13092 | SH |  | SOLE |  | 13092 | 0 | 0 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 | BBG007HL81B6 | 171995 | 11637 | SH |  | SOLE |  | 11637 | 0 | 0 |
| INVESCO CURRENCYSHARES EURO | EURO SHS | 46138K103 | BBG001SP5TS2 | 545870 | 5525 | SH |  | SOLE |  | 5525 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 3119225 | 11714 | SH |  | SOLE |  | 11714 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 | BBG00FQH6CJ7 | 265604 | 8961 | SH |  | SOLE |  | 8961 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 | BBG001SQLN69 | 301183 | 13686 | SH |  | SOLE |  | 13686 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 | BBG001TG5H89 | 238231 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 444548 | 7212 | SH |  | SOLE |  | 7212 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 1595820 | 16862 | SH |  | SOLE |  | 16862 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 2193071 | 5708 | SH |  | SOLE |  | 5708 | 0 | 0 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 | BBG00D7BBRS7 | 230090 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 32196466 | 646231 | SH |  | SOLE |  | 646231 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 | BBG001SSD849 | 317359 | 6410 | SH |  | SOLE |  | 6410 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 989517 | 26109 | SH |  | SOLE |  | 26109 | 0 | 0 |
| ISHARES TR | MSCI USA ESG SLC | 464288802 | BBG001SN86J4 | 226380 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 7426545 | 65168 | SH |  | SOLE |  | 65168 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 517163 | 2414 | SH |  | SOLE |  | 2414 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 559892 | 3692 | SH |  | SOLE |  | 3692 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 416301 | 6172 | SH |  | SOLE |  | 6172 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 1126889 | 6463 | SH |  | SOLE |  | 6463 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 | BBG00GP26NW0 | 202726 | 4044 | SH |  | SOLE |  | 4044 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 34309205 | 194221 | SH |  | SOLE |  | 194221 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 2510486 | 18721 | SH |  | SOLE |  | 18721 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 273944 | 2018 | SH |  | SOLE |  | 2018 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 | BBG001S6PW05 | 328886 | 7085 | SH |  | SOLE |  | 7085 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 400596 | 8986 | SH |  | SOLE |  | 8986 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 812842 | 3904 | SH |  | SOLE |  | 3904 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG001S8L5H6 | 34913276 | 140717 | SH |  | SOLE |  | 140717 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 318281 | 870 | SH |  | SOLE |  | 870 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 | BBG00GVR8YR8 | 303347 | 930 | SH |  | SOLE |  | 930 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 40283667 | 82805 | SH |  | SOLE |  | 82805 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 2152190 | 10802 | SH |  | SOLE |  | 10802 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 | BBG001S5T7M4 | 213469 | 1290 | SH |  | SOLE |  | 1290 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ162 | 472223 | 12749 | SH |  | SOLE |  | 12749 | 0 | 0 |
| MASIMO CORP | COM | 574795100 | BBG001S71GQ6 | 35997903 | 243546 | SH |  | SOLE |  | 243546 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 51883842 | 149207 | SH |  | SOLE |  | 149207 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 46895894 | 177953 | SH |  | SOLE |  | 177953 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 373852 | 4810 | SH |  | SOLE |  | 4810 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1860521 | 16769 | SH |  | SOLE |  | 16769 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 10598103 | 88068 | SH |  | SOLE |  | 88068 | 0 | 0 |
| MFA FINL INC | NOTE 6.250% 6/1 | 55272XAA0 |  | 49612 | 55000 | PRN |  | SOLE |  | 55000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 59118420 | 246512 | SH |  | SOLE |  | 246512 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 649238 | 9741 | SH |  | SOLE |  | 9741 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 874152 | 3392 | SH |  | SOLE |  | 3392 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 | BBG0035TJHL3 | 1146878 | 35120 | SH |  | SOLE |  | 35120 | 0 | 0 |
| NEW YORK CMNTY BANCORP INC | COM | 649445103 | BBG001SD32Z2 | 525641 | 61121 | SH |  | SOLE |  | 61121 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 34659010 | 296206 | SH |  | SOLE |  | 296206 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 294718 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 | BBG001SCTG12 | 560098 | 50596 | SH |  | SOLE |  | 50596 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 18038826 | 123435 | SH |  | SOLE |  | 123435 | 0 | 0 |
| NVR INC | COM | 62944T105 | BBG001S5TSM8 | 15919255 | 3448 | SH |  | SOLE |  | 3448 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 353185 | 5607 | SH |  | SOLE |  | 5607 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 | BBG00LQK89G5 | 228314 | 13305 | SH |  | SOLE |  | 13305 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 484718 | 5930 | SH |  | SOLE |  | 5930 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60LN7 | 241586 | 3085 | SH |  | SOLE |  | 3085 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 203689 | 2860 | SH |  | SOLE |  | 2860 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 1929087 | 10678 | SH |  | SOLE |  | 10678 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2608423 | 50906 | SH |  | SOLE |  | 50906 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 350895 | 3467 | SH |  | SOLE |  | 3467 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 263531 | 2532 | SH |  | SOLE |  | 2532 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 451866 | 2861 | SH |  | SOLE |  | 2861 | 0 | 0 |
| PPG INDS INC | COM | 693506107 | BBG001S5VC13 | 880809 | 7005 | SH |  | SOLE |  | 7005 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 517794 | 4747 | SH |  | SOLE |  | 4747 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 798163 | 9511 | SH |  | SOLE |  | 9511 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 2865393 | 18906 | SH |  | SOLE |  | 18906 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 216893 | 1924 | SH |  | SOLE |  | 1924 | 0 | 0 |
| PROTAGONIST THERAPEUTICS INC | COM | 74366E102 | BBG002B63KP4 | 156559 | 14350 | SH |  | SOLE |  | 14350 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 510341 | 4642 | SH |  | SOLE |  | 4642 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 1429330 | 14163 | SH |  | SOLE |  | 14163 | 0 | 0 |
| REDWOOD TRUST INC | NOTE 5.625% 7/1 | 758075AD7 |  | 49998 | 55000 | PRN |  | SOLE |  | 55000 | 0 | 0 |
| ROYAL BK CDA SUSTAINABL | COM | 780087102 | BBG001S60869 | 715586 | 7611 | SH |  | SOLE |  | 7611 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 314844 | 940 | SH |  | SOLE |  | 940 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 24845661 | 187397 | SH |  | SOLE |  | 187397 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 420130 | 5046 | SH |  | SOLE |  | 5046 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 356927 | 4725 | SH |  | SOLE |  | 4725 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 263910 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 338946 | 3875 | SH |  | SOLE |  | 3875 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 316700 | 2545 | SH |  | SOLE |  | 2545 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG001SBVZ73 | 711502 | 4604 | SH |  | SOLE |  | 4604 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 228370 | 4010 | SH |  | SOLE |  | 4010 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | BBG001SCYWS2 | 234660 | 2575 | SH |  | SOLE |  | 2575 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 | BBG001S5W3H5 | 229767 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 1542367 | 9092 | SH |  | SOLE |  | 9092 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 5399551 | 14119 | SH |  | SOLE |  | 14119 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 516736 | 1167 | SH |  | SOLE |  | 1167 | 0 | 0 |
| SPDR SER TR | AEROSPACE DEF | 78464A631 | BBG0024LG8W4 | 207444 | 1885 | SH |  | SOLE |  | 1885 | 0 | 0 |
| SPDR SER TR | PORTFOLIO INTRMD | 78464A375 | BBG001T2HCY9 | 476177 | 14960 | SH |  | SOLE |  | 14960 | 0 | 0 |
| SPDR SER TR | PORTFOLIO SHORT | 78464A474 | BBG001T6B0P2 | 234570 | 7984 | SH |  | SOLE |  | 7984 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 430429 | 4339 | SH |  | SOLE |  | 4339 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 521165 | 16425 | SH |  | SOLE |  | 16425 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG001S5VTR8 | 271397 | 850 | SH |  | SOLE |  | 850 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 279960 | 3662 | SH |  | SOLE |  | 3662 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 568886 | 3817 | SH |  | SOLE |  | 3817 | 0 | 0 |
| TE CONNECTIVITY LTD | SHS | H84989104 | BBG001STLRP3 | 326606 | 2845 | SH |  | SOLE |  | 2845 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 | BBG001S62NT9 | 278160 | 30500 | SH |  | SOLE |  | 30500 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 276744 | 1675 | SH |  | SOLE |  | 1675 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 652568 | 1185 | SH |  | SOLE |  | 1185 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 890406 | 11186 | SH |  | SOLE |  | 11186 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 281235 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 289416 | 617 | SH |  | SOLE |  | 617 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 42101003 | 203318 | SH |  | SOLE |  | 203318 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 640721 | 3686 | SH |  | SOLE |  | 3686 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 63875636 | 120479 | SH |  | SOLE |  | 120479 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 237389 | 5444 | SH |  | SOLE |  | 5444 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 355322 | 4720 | SH |  | SOLE |  | 4720 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 201655 | 2807 | SH |  | SOLE |  | 2807 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 | BBG001SHTTQ6 | 280636 | 1611 | SH |  | SOLE |  | 1611 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 | BBG001SRN7W1 | 285627 | 2112 | SH |  | SOLE |  | 2112 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 29180895 | 83056 | SH |  | SOLE |  | 83056 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 217715 | 1371 | SH |  | SOLE |  | 1371 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 330005 | 1798 | SH |  | SOLE |  | 1798 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | BBG001SHTTW9 | 721944 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 15904512 | 83187 | SH |  | SOLE |  | 83187 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 419004 | 2985 | SH |  | SOLE |  | 2985 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 214195 | 5495 | SH |  | SOLE |  | 5495 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 285702 | 3686 | SH |  | SOLE |  | 3686 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 10389422 | 138165 | SH |  | SOLE |  | 138165 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 6841592 | 163011 | SH |  | SOLE |  | 163011 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 1825719 | 16872 | SH |  | SOLE |  | 16872 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 1015693 | 25779 | SH |  | SOLE |  | 25779 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 | BBG00HVVB4B6 | 1932660 | 59650 | SH |  | SOLE |  | 59650 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 2501456 | 12040 | SH |  | SOLE |  | 12040 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | BBG001S5XBY7 | 219752 | 5882 | SH |  | SOLE |  | 5882 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 376617 | 2656 | SH |  | SOLE |  | 2656 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 764238 | 8151 | SH |  | SOLE |  | 8151 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 471408 | 11417 | SH |  | SOLE |  | 11417 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 226335 | 191 | SH |  | SOLE |  | 191 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 294057 | 4486 | SH |  | SOLE |  | 4486 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 42039149 | 1277786 | SH |  | SOLE |  | 1277786 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | BBG001SHY2Q9 | 200311 | 819 | SH |  | SOLE |  | 819 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 272938 | 3893 | SH |  | SOLE |  | 3893 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 339556 | 2317 | SH |  | SOLE |  | 2317 | 0 | 0 |

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