# EDGAR Filing Document

**Accession Number:** 0001799877
**File Stem:** 0001398344-26-001078
**Filing Date:** 2026-1
**Character Count:** 23275
**Document Hash:** c29ab67289b6a3c106fb63104465ecca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-001078.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001398344-26-001078

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**EFFECTIVENESS DATE**: 20260123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Live Oak Private Wealth LLC
- **CENTRAL INDEX KEY:** 0001799877

**ORGANIZATION NAME:**
- **EIN:** 830889406
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19936
- **FILM NUMBER:** 26554297

**BUSINESS ADDRESS:**
- **STREET 1:** 1741 TIBURON DRIVE
- **CITY:** WILMINGTON
- **STATE:** NC
- **ZIP:** 28403
- **BUSINESS PHONE:** 844.469.5679

**MAIL ADDRESS:**
- **STREET 1:** 1741 TIBURON DRIVE
- **CITY:** WILMINGTON
- **STATE:** NC
- **ZIP:** 28403

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Live Oak Private Wealth LLC<br>**Address:** 1741 TIBURON DRIVE<br>WILMINGTON, NC 28403

**Form 13F File Number:** 028-19936

**CRD Number (if applicable):** 000297904

**SEC File Number (if applicable):** 801-113818

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:** Terry Webb Sapp<br>**Title:** Chief Compliance Officer<br>**Phone:** 252-822-7149

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

/s/ Terry Webb Sapp  Rocky Mount, NC  01-23-2026<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:** 198

**Form 13F Information Table Value Total:** $734183106

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 9655984 | 77069 | SH |  | SOLE |  | 77069 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 4132242 | 18085 | SH |  | SOLE |  | 18085 | 0 | 0 |
| ABRDN GLOBAL PREMIER PPTYS F | COM SH BEN INT | 00302L108 |  | 217697 | 56692 | SH |  | SOLE |  | 56692 | 0 | 0 |
| ABRDN LIFE SCIENCES INVESTOR | SH BEN INT | 87911K100 |  | 221882 | 13223 | SH |  | SOLE |  | 13223 | 0 | 0 |
| ABRDN TOTAL DYNAMIC DIVIDEND | COM SH BEN INT | 00326L100 |  | 1007126 | 103295 | SH |  | SOLE |  | 103295 | 0 | 0 |
| ABRDN WORLD HEALTHCARE FUND | BEN INT SHS | 87911L108 |  | 173041 | 13540 | SH |  | SOLE |  | 13540 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 232616 | 867 | SH |  | SOLE |  | 867 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 7287682 | 53558 | SH |  | SOLE |  | 53558 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 25098655 | 79978 | SH |  | SOLE |  | 79978 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 20659202 | 66004 | SH |  | SOLE |  | 66004 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3312959 | 14353 | SH |  | SOLE |  | 14353 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 284492 | 769 | SH |  | SOLE |  | 769 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1189772 | 3635 | SH |  | SOLE |  | 3635 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 8587504 | 31665 | SH |  | SOLE |  | 31665 | 0 | 0 |
| ANGEL OAK FINL STRATEGIES IN | COM BEN INT | 03464A100 |  | 286261 | 21670 | SH |  | SOLE |  | 21670 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 7962054 | 22563 | SH |  | SOLE |  | 22563 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 20855586 | 76712 | SH |  | SOLE |  | 76712 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 3720787 | 14478 | SH |  | SOLE |  | 14478 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1452835 | 5648 | SH |  | SOLE |  | 5648 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 20433723 | 371522 | SH |  | SOLE |  | 371522 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2264400 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 32912014 | 65477 | SH |  | SOLE |  | 65477 | 0 | 0 |
| BLACKROCK ENHANCED EQUITY DI | COM | 09251A104 |  | 99777 | 10525 | SH |  | SOLE |  | 10525 | 0 | 0 |
| BLACKROCK HEALTH SCIENCES TE | COM SHS | 09260E105 |  | 337873 | 22450 | SH |  | SOLE |  | 22450 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 1274775 | 1191 | SH |  | SOLE |  | 1191 | 0 | 0 |
| BLACKROCK RES  COMMODITIES | SHS | 09257A108 |  | 128565 | 11709 | SH |  | SOLE |  | 11709 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 7677363 | 35360 | SH |  | SOLE |  | 35360 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 776523 | 145 | SH |  | SOLE |  | 145 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 281345 | 4969 | SH |  | SOLE |  | 4969 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 405975 | 1173 | SH |  | SOLE |  | 1173 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 2273412 | 43394 | SH |  | SOLE |  | 43394 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 14849270 | 323584 | SH |  | SOLE |  | 323584 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 894473 | 11223 | SH |  | SOLE |  | 11223 | 0 | 0 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 |  | 310637 | 16179 | SH |  | SOLE |  | 16179 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2019367 | 3525 | SH |  | SOLE |  | 3525 | 0 | 0 |
| CBRE GBL REAL ESTATE INC FD | COM | 12504G100 |  | 240392 | 54884 | SH |  | SOLE |  | 54884 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 10417098 | 68349 | SH |  | SOLE |  | 68349 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 11302344 | 146731 | SH |  | SOLE |  | 146731 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 461547 | 6602 | SH |  | SOLE |  | 6602 | 0 | 0 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 291128 | 12075 | SH |  | SOLE |  | 12075 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 239984 | 3037 | SH |  | SOLE |  | 3037 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 282969 | 801 | SH |  | SOLE |  | 801 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 798527 | 926 | SH |  | SOLE |  | 926 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 307038 | 8470 | SH |  | SOLE |  | 8470 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 491563 | 963 | SH |  | SOLE |  | 963 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 10771602 | 47054 | SH |  | SOLE |  | 47054 | 0 | 0 |
| DAVIS FUNDAMENTAL ETF TR | SELCT INTL ETF | 23908L405 |  | 1767798 | 62028 | SH |  | SOLE |  | 62028 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 5586939 | 64761 | SH |  | SOLE |  | 64761 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 15518225 | 331586 | SH |  | SOLE |  | 331586 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 4825869 | 126630 | SH |  | SOLE |  | 126630 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 1745557 | 53594 | SH |  | SOLE |  | 53594 | 0 | 0 |
| DIMENSIONAL ETF TRUST | DIMENSIONAL US | 25434V559 |  | 357783 | 5985 | SH |  | SOLE |  | 5985 | 0 | 0 |
| DIMENSIONAL ETF TRUST | ULTRASHORT FIXED | 25434V591 |  | 726220 | 14338 | SH |  | SOLE |  | 14338 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 3438495 | 57751 | SH |  | SOLE |  | 57751 | 0 | 0 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 |  | 377330 | 14282 | SH |  | SOLE |  | 14282 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 1748611 | 44168 | SH |  | SOLE |  | 44168 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 417540 | 8962 | SH |  | SOLE |  | 8962 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 1263584 | 38198 | SH |  | SOLE |  | 38198 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 2754896 | 79945 | SH |  | SOLE |  | 79945 | 0 | 0 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 5452778 | 113718 | SH |  | SOLE |  | 113718 | 0 | 0 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 2488568 | 58472 | SH |  | SOLE |  | 58472 | 0 | 0 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 11882867 | 363057 | SH |  | SOLE |  | 363057 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 8318098 | 73113 | SH |  | SOLE |  | 73113 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 19097549 | 155252 | SH |  | SOLE |  | 155252 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2835326 | 24190 | SH |  | SOLE |  | 24190 | 0 | 0 |
| EATON VANCE TAX ADVT DIV INC | COM | 27828G107 |  | 619151 | 24589 | SH |  | SOLE |  | 24589 | 0 | 0 |
| EATON VANCE TX ADV GLBL DIV | COM | 27828S101 |  | 2133308 | 92351 | SH |  | SOLE |  | 92351 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 2085954 | 1941 | SH |  | SOLE |  | 1941 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 278976 | 456 | SH |  | SOLE |  | 456 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 584925 | 4407 | SH |  | SOLE |  | 4407 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 615935 | 9148 | SH |  | SOLE |  | 9148 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4855717 | 40350 | SH |  | SOLE |  | 40350 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 513821 | 30048 | SH |  | SOLE |  | 30048 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 4084593 | 18347 | SH |  | SOLE |  | 18347 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 7080532 | 3299 | SH |  | SOLE |  | 3299 | 0 | 0 |
| FLEXSHARES TR | INTL QLTDV IDX | 33939L837 |  | 269253 | 8857 | SH |  | SOLE |  | 8857 | 0 | 0 |
| FLEXSHARES TR | QUALT DIVD IDX | 33939L860 |  | 451081 | 5582 | SH |  | SOLE |  | 5582 | 0 | 0 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 |  | 2736031 | 44934 | SH |  | SOLE |  | 44934 | 0 | 0 |
| FRANKLIN LTD DURATION INCOME | COM | 35472T101 |  | 61500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GABELLI DIVID  INCOME TR | COM | 36242H104 |  | 2533235 | 91222 | SH |  | SOLE |  | 91222 | 0 | 0 |
| GABELLI EQUITY TR INC | COM | 362397101 |  | 3172466 | 514176 | SH |  | SOLE |  | 514176 | 0 | 0 |
| GABELLI GLOBL UTIL  INCOME | COM SH BEN INT | 36242L105 |  | 372210 | 19318 | SH |  | SOLE |  | 19318 | 0 | 0 |
| GABELLI MULTIMEDIA TR INC | COM | 36239Q109 |  | 566735 | 134937 | SH |  | SOLE |  | 134937 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 601169 | 2323 | SH |  | SOLE |  | 2323 | 0 | 0 |
| GAMCO GLOBAL GOLD NAT RES | COM SH BEN INT | 36465A109 |  | 325864 | 63152 | SH |  | SOLE |  | 63152 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 263389 | 403 | SH |  | SOLE |  | 403 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 205363 | 610 | SH |  | SOLE |  | 610 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 261850 | 3220 | SH |  | SOLE |  | 3220 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1856454 | 2112 | SH |  | SOLE |  | 2112 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 219720 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| HANCOCK JOHN PFD INCOME FD I | COM | 41013X106 |  | 175018 | 10891 | SH |  | SOLE |  | 10891 | 0 | 0 |
| HANCOCK JOHN PFD INCOME FD I | COM | 41021P103 |  | 556658 | 38630 | SH |  | SOLE |  | 38630 | 0 | 0 |
| HANCOCK JOHN TAX-ADVANTAGED | COM | 41013V100 |  | 2427563 | 102602 | SH |  | SOLE |  | 102602 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 16466545 | 35271 | SH |  | SOLE |  | 35271 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1900120 | 5522 | SH |  | SOLE |  | 5522 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 8759346 | 44899 | SH |  | SOLE |  | 44899 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 412505 | 1213 | SH |  | SOLE |  | 1213 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 3428469 | 18815 | SH |  | SOLE |  | 18815 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 308688 | 466 | SH |  | SOLE |  | 466 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 653603 | 3412 | SH |  | SOLE |  | 3412 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 9109841 | 346777 | SH |  | SOLE |  | 346777 | 0 | 0 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 |  | 411510 | 43000 | SH |  | SOLE |  | 43000 | 0 | 0 |
| INVESCO QUALITY MUN INCOME T | COM | 46133G107 |  | 104381 | 10480 | SH |  | SOLE |  | 10480 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 293511 | 3616 | SH |  | SOLE |  | 3616 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 519611 | 7730 | SH |  | SOLE |  | 7730 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 438487 | 2949 | SH |  | SOLE |  | 2949 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2321467 | 3389 | SH |  | SOLE |  | 3389 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 298334 | 5453 | SH |  | SOLE |  | 5453 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 512159 | 6184 | SH |  | SOLE |  | 6184 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2266116 | 23598 | SH |  | SOLE |  | 23598 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1259597 | 13084 | SH |  | SOLE |  | 13084 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 485760 | 7360 | SH |  | SOLE |  | 7360 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1184425 | 5631 | SH |  | SOLE |  | 5631 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 260580 | 1438 | SH |  | SOLE |  | 1438 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1055780 | 4289 | SH |  | SOLE |  | 4289 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 592848 | 4933 | SH |  | SOLE |  | 4933 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 1782435 | 28680 | SH |  | SOLE |  | 28680 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 706466 | 7897 | SH |  | SOLE |  | 7897 | 0 | 0 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 1044842 | 20447 | SH |  | SOLE |  | 20447 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 2440726 | 10704 | SH |  | SOLE |  | 10704 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1519220 | 7341 | SH |  | SOLE |  | 7341 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 16526278 | 51289 | SH |  | SOLE |  | 51289 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 238085 | 949 | SH |  | SOLE |  | 949 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 223732 | 1307 | SH |  | SOLE |  | 1307 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 939489 | 9139 | SH |  | SOLE |  | 9139 | 0 | 0 |
| LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 |  | 995914 | 158585 | SH |  | SOLE |  | 158585 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 2218934 | 5204 | SH |  | SOLE |  | 5204 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 15607047 | 64717 | SH |  | SOLE |  | 64717 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 2473147 | 11901 | SH |  | SOLE |  | 11901 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 13383721 | 6226 | SH |  | SOLE |  | 6226 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 11162077 | 19552 | SH |  | SOLE |  | 19552 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 968236 | 3168 | SH |  | SOLE |  | 3168 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 8413377 | 79929 | SH |  | SOLE |  | 79929 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 749865 | 1136 | SH |  | SOLE |  | 1136 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 9024366 | 114319 | SH |  | SOLE |  | 114319 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 19794559 | 40929 | SH |  | SOLE |  | 40929 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 5847259 | 11446 | SH |  | SOLE |  | 11446 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 4596613 | 190810 | SH |  | SOLE |  | 190810 | 0 | 0 |
| NEUBERGER REAL ESTATE | COM | 64190A103 |  | 170660 | 56138 | SH |  | SOLE |  | 56138 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 14358803 | 143804 | SH |  | SOLE |  | 143804 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 409082 | 6421 | SH |  | SOLE |  | 6421 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 840175 | 2910 | SH |  | SOLE |  | 2910 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 581327 | 4256 | SH |  | SOLE |  | 4256 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 271420 | 476 | SH |  | SOLE |  | 476 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 10559739 | 76592 | SH |  | SOLE |  | 76592 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 309583 | 1898 | SH |  | SOLE |  | 1898 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 341003 | 5525 | SH |  | SOLE |  | 5525 | 0 | 0 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 531789 | 65572 | SH |  | SOLE |  | 65572 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1492373 | 8002 | SH |  | SOLE |  | 8002 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1497486 | 16418 | SH |  | SOLE |  | 16418 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1020461 | 7110 | SH |  | SOLE |  | 7110 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 442004 | 17751 | SH |  | SOLE |  | 17751 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 4483020 | 27949 | SH |  | SOLE |  | 27949 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 256919 | 1991 | SH |  | SOLE |  | 1991 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 793364 | 5536 | SH |  | SOLE |  | 5536 | 0 | 0 |
| PROFESIONALLY MANAGED PORTFO | AKRE FOCUS ETF | 74316P579 |  | 3252768 | 49653 | SH |  | SOLE |  | 49653 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 8661466 | 50637 | SH |  | SOLE |  | 50637 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 381678 | 981 | SH |  | SOLE |  | 981 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 9187536 | 53889 | SH |  | SOLE |  | 53889 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 13219834 | 72082 | SH |  | SOLE |  | 72082 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 21593770 | 216132 | SH |  | SOLE |  | 216132 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 558804 | 22930 | SH |  | SOLE |  | 22930 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 7672507 | 199909 | SH |  | SOLE |  | 199909 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 518592 | 10675 | SH |  | SOLE |  | 10675 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 11242086 | 439144 | SH |  | SOLE |  | 439144 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 342570 | 3929 | SH |  | SOLE |  | 3929 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1182817 | 1735 | SH |  | SOLE |  | 1735 | 0 | 0 |
| SPECIAL OPPORTUNITIES FD INC | COM | 84741T104 |  | 218191 | 14853 | SH |  | SOLE |  | 14853 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 371475 | 11250 | SH |  | SOLE |  | 11250 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 666387 | 1896 | SH |  | SOLE |  | 1896 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 4847349 | 15951 | SH |  | SOLE |  | 15951 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 332350 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 253642 | 564 | SH |  | SOLE |  | 564 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 7791370 | 13446 | SH |  | SOLE |  | 13446 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 9862637 | 64206 | SH |  | SOLE |  | 64206 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 890578 | 17808 | SH |  | SOLE |  | 17808 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 373017 | 1286 | SH |  | SOLE |  | 1286 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 358608 | 4577 | SH |  | SOLE |  | 4577 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 612566 | 12448 | SH |  | SOLE |  | 12448 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 232693 | 3558 | SH |  | SOLE |  | 3558 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 390006 | 1686 | SH |  | SOLE |  | 1686 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 7131848 | 71901 | SH |  | SOLE |  | 71901 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 10364014 | 31396 | SH |  | SOLE |  | 31396 | 0 | 0 |
| VANECK ETF TRUST | AGRIBUSINESS ETF | 92189F700 |  | 334834 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 224513 | 358 | SH |  | SOLE |  | 358 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 523557 | 1804 | SH |  | SOLE |  | 1804 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 354165 | 1373 | SH |  | SOLE |  | 1373 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 595069 | 11069 | SH |  | SOLE |  | 11069 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 250623 | 1140 | SH |  | SOLE |  | 1140 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 1373260 | 110302 | SH |  | SOLE |  | 110302 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 9738372 | 27768 | SH |  | SOLE |  | 27768 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 |  | 5942860 | 410135 | SH |  | SOLE |  | 410135 | 0 | 0 |
| VOYA GLBL EQTY DIV  PREM OP | COM | 92912T100 |  | 57200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VOYA INFRASTRUCTURE INDLS | COM | 92912X101 |  | 1035279 | 84169 | SH |  | SOLE |  | 84169 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2424059 | 21758 | SH |  | SOLE |  | 21758 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 283898 | 2692 | SH |  | SOLE |  | 2692 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 2350147 | 7152 | SH |  | SOLE |  | 7152 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 4730267 | 52605 | SH |  | SOLE |  | 52605 | 0 | 0 |

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