# EDGAR Filing Document

**Accession Number:** 0001308527
**File Stem:** 0001308527-26-000002
**Filing Date:** 2026-5
**Character Count:** 32995
**Document Hash:** 5e1086fd02497a8cf16752b1fff7c700
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001308527-26-000002.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001308527-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260513

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Douglass Winthrop Advisors, LLC
- **CENTRAL INDEX KEY:** 0001308527

**ORGANIZATION NAME:**
- **EIN:** 134085380
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11310
- **FILM NUMBER:** 26974819

**BUSINESS ADDRESS:**
- **STREET 1:** 521 FIFTH AVENUE
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10175
- **BUSINESS PHONE:** 212-557-7680

**MAIL ADDRESS:**
- **STREET 1:** 521 FIFTH AVENUE
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10175

### 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:** Douglass Winthrop Advisors LLC<br>**Address:** 521 FIFTH AVENUE<br>19TH FLOOR<br>NEW YORK, NY 10175

**Form 13F File Number:** 028-11310

**CRD Number (if applicable):** 000108680

**SEC File Number (if applicable):** 801-56993

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:** Evelina Richards<br>**Title:** Vice President<br>**Phone:** 2125577680

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

Evelina Richards  New York, NY  05-13-2026<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:** 303

**Form 13F Information Table Value Total:** $5461658974

      (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 |  | 1585912 | 10920 | SH |  | SOLE |  | 10920 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 4958037 | 48291 | SH |  | SOLE |  | 48291 | 0 | 0 |
| ABBVIE INC | COM | 00287y109 |  | 11499784 | 52875 | SH |  | SOLE |  | 52875 | 0 | 0 |
| ACCENTURE PLC | COM | g1151c101 |  | 5575122 | 28116 | SH |  | SOLE |  | 28116 | 0 | 0 |
| ADOBE INC | COM | 00724f101 |  | 403513 | 1660 | SH |  | SOLE |  | 1660 | 0 | 0 |
| ADVANCED MICRO DEVICE IN | COM | 007903107 |  | 229062 | 1126 | SH |  | SOLE |  | 1126 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 549150 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| AES CORP | COM | 00130h105 |  | 876990 | 62242 | SH |  | SOLE |  | 62242 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846u101 |  | 292017 | 2562 | SH |  | SOLE |  | 2562 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS INC | COM | 009158106 |  | 790133 | 2720 | SH |  | SOLE |  | 2720 | 0 | 0 |
| AIRBUS SE - UNSP ADR | COM | 009279100 |  | 7258356 | 153616 | SH |  | SOLE |  | 153616 | 0 | 0 |
| ALIBABA GROUP HLDG LTD SPONSOR | COM | 01609W102 |  | 301104 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| Allegion PLC | COM | G0176J109 |  | 3224421 | 22193 | SH |  | SOLE |  | 22193 | 0 | 0 |
| ALPHABET INC | COM | 02079k107 |  | 390782980 | 1362278 | SH |  | SOLE |  | 1362278 | 0 | 0 |
| ALPHABET INC-CL A | COM | 02079K305 |  | 120490867 | 419011 | SH |  | SOLE |  | 419011 | 0 | 0 |
| ALPS ETF TR ALERIAN MLP ETF NE | COM | 00162Q452 |  | 789600 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209s103 |  | 873444 | 13236 | SH |  | SOLE |  | 13236 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 257261560 | 1235231 | SH |  | SOLE |  | 1235231 | 0 | 0 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 39064082 | 129146 | SH |  | SOLE |  | 129146 | 0 | 0 |
| AMERICAN OVERSEAS ORDF | COM | g54624203 |  | 277200 | 240 | SH |  | SOLE |  | 240 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027x100 |  | 86796005 | 502932 | SH |  | SOLE |  | 502932 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076c106 |  | 1467409 | 3302 | SH |  | SOLE |  | 3302 | 0 | 0 |
| AMETEK INC NEW COM | COM | 031100100 |  | 1602984 | 7478 | SH |  | SOLE |  | 7478 | 0 | 0 |
| AMGEN INCORPORATED | COM | 031162100 |  | 3148706 | 8949 | SH |  | SOLE |  | 8949 | 0 | 0 |
| Amphenol Corp | COM | 032095101 |  | 449806 | 3560 | SH |  | SOLE |  | 3560 | 0 | 0 |
| AMPLIFY JUNIOR SILVER MINERS | COM | 032108649 |  | 282340 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 236060 | 742 | SH |  | SOLE |  | 742 | 0 | 0 |
| AON PLC | COM | g0403h108 |  | 127348330 | 394536 | SH |  | SOLE |  | 394536 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 183397597 | 722635 | SH |  | SOLE |  | 722635 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1298460 | 3799 | SH |  | SOLE |  | 3799 | 0 | 0 |
| ARCHER-DANIELS-MIDLAND CO COM | COM | 039483102 |  | 872280 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ARES CAP CORP COM | COM | 04010L103 |  | 381898 | 21193 | SH |  | SOLE |  | 21193 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413205 |  | 984450 | 8018 | SH |  | SOLE |  | 8018 | 0 | 0 |
| ARK 21SHARES BITCOIN ETF SHS B | COM | 040919102 |  | 274378 | 12200 | SH |  | SOLE |  | 12200 | 0 | 0 |
| ASML HOLDING NV-NY REG SHS | COM | N07059210 |  | 13884565 | 10512 | SH |  | SOLE |  | 10512 | 0 | 0 |
| ATEX RES INC COM | COM | 04681A105 |  | 465834 | 202500 | SH |  | SOLE |  | 202500 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC | COM | 053015103 |  | 5245498 | 25817 | SH |  | SOLE |  | 25817 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 304000 | 90 | SH |  | SOLE |  | 90 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 3674285 | 62160 | SH |  | SOLE |  | 62160 | 0 | 0 |
| BALLARD PWR SYS INC NEW COM | COM | 058586108 |  | 26620 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| BANK NEW YORK MELLON COR | COM | 064058100 |  | 3836850 | 32343 | SH |  | SOLE |  | 32343 | 0 | 0 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 2313285 | 47452 | SH |  | SOLE |  | 47452 | 0 | 0 |
| BERKSHIRE HATHAWAY INC | COM | 084670702 |  | 419285624 | 874970 | SH |  | SOLE |  | 874970 | 0 | 0 |
| BERKSHIRE HATHAWAY INC-CL A | COM | 084670108 |  | 76840980 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| BHP GROUP LTD SPONSORED ADR IS | COM | 088606108 |  | 309145 | 4250 | SH |  | SOLE |  | 4250 | 0 | 0 |
| BLACKROCK CORPORATE HIGH | COM | 09255p107 |  | 255600 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| BLACKROCK INC NEW | COM | 09290d101 |  | 262547 | 273 | SH |  | SOLE |  | 273 | 0 | 0 |
| BLACKSTONE INC | COM | 09260d107 |  | 1642747 | 14286 | SH |  | SOLE |  | 14286 | 0 | 0 |
| BLOCK INC CL A | COM | 852234103 |  | 1034013 | 17182 | SH |  | SOLE |  | 17182 | 0 | 0 |
| BNP PARIBAS F SPONSORED ADR 1 | COM | 05565a202 |  | 624381 | 13120 | SH |  | SOLE |  | 13120 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 915339 | 4599 | SH |  | SOLE |  | 4599 | 0 | 0 |
| BOOKING HLDGS INC COM | COM | 09857L108 |  | 686282 | 163 | SH |  | SOLE |  | 163 | 0 | 0 |
| BP P L C F SPONSORED ADR 1 ADR | COM | 055622104 |  | 1441443 | 30669 | SH |  | SOLE |  | 30669 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 1909141 | 31478 | SH |  | SOLE |  | 31478 | 0 | 0 |
| BROADCOM INC | COM | 11135f101 |  | 4999515 | 16153 | SH |  | SOLE |  | 16153 | 0 | 0 |
| BROOKFIELD ASSET MANAGEMENT LT | COM | 113004105 |  | 93490475 | 2109243 | SH |  | SOLE |  | 2109243 | 0 | 0 |
| BROWN-FORMAN CORP-CLASS A | COM | 115637100 |  | 212820 | 7944 | SH |  | SOLE |  | 7944 | 0 | 0 |
| BROWN FORMAN CORP CLASS B | COM | 115637209 |  | 4784265 | 180948 | SH |  | SOLE |  | 180948 | 0 | 0 |
| CANADIAN NATIONAL RAILWAY CO | COM | 136375102 |  | 98072897 | 954295 | SH |  | SOLE |  | 954295 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1238065 | 5859 | SH |  | SOLE |  | 5859 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 667240 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| CARRIER GLOBAL CORP | COM | 14448C104 |  | 5332592 | 94701 | SH |  | SOLE |  | 94701 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 6313087 | 8911 | SH |  | SOLE |  | 8911 | 0 | 0 |
| CDW CORP | COM | 12514g108 |  | 361850 | 2990 | SH |  | SOLE |  | 2990 | 0 | 0 |
| CENCORA INC | COM | 03073e105 |  | 2477622 | 7887 | SH |  | SOLE |  | 7887 | 0 | 0 |
| CENTRAL SECURITIES CF | COM | 155123102 |  | 2951741 | 59439 | SH |  | SOLE |  | 59439 | 0 | 0 |
| CHARLES SCHWAB CORP | COM | 808513105 |  | 228653 | 2433 | SH |  | SOLE |  | 2433 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 5079188 | 24549 | SH |  | SOLE |  | 24549 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 3162972 | 98812 | SH |  | SOLE |  | 98812 | 0 | 0 |
| CHUBB LTD | COM | H1467J104 |  | 2720212 | 8346 | SH |  | SOLE |  | 8346 | 0 | 0 |
| CHURCH  DWIGHT INC COM | COM | 171340102 |  | 401276 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| CIE FINANCIERE RICHEMO-A REG | COM | H25662182 |  | 239491 | 1389 | SH |  | SOLE |  | 1389 | 0 | 0 |
| CIE FINANCIERE RICHEMONT SA | COM | 204319107 |  | 92402049 | 5229318 | SH |  | SOLE |  | 5229318 | 0 | 0 |
| CINTAS CORP COM | COM | 172908105 |  | 4302922 | 25440 | SH |  | SOLE |  | 25440 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 |  | 977401 | 12597 | SH |  | SOLE |  | 12597 | 0 | 0 |
| CITIGROUP INC COM NEW | COM | 172967424 |  | 284205 | 2506 | SH |  | SOLE |  | 2506 | 0 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 567035 | 6653 | SH |  | SOLE |  | 6653 | 0 | 0 |
| COMCAST CORP NEW CLASS A | COM | 20030n101 |  | 568946 | 19817 | SH |  | SOLE |  | 19817 | 0 | 0 |
| COMPASS INC CLASS A | COM | 20464u100 |  | 744597 | 101860 | SH |  | SOLE |  | 101860 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825c104 |  | 313896 | 2378 | SH |  | SOLE |  | 2378 | 0 | 0 |
| CONSTELLATION ENERGY | COM | 21037T109 |  | 6162768 | 22069 | SH |  | SOLE |  | 22069 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 51946114 | 1564642 | SH |  | SOLE |  | 1564642 | 0 | 0 |
| CORE  MAIN INC-CLASS A | COM | 21874C102 |  | 3293300 | 66666 | SH |  | SOLE |  | 66666 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 3628631 | 26687 | SH |  | SOLE |  | 26687 | 0 | 0 |
| CORTEVA INC | COM | 22052l104 |  | 420894 | 5028 | SH |  | SOLE |  | 5028 | 0 | 0 |
| COSTCO WHOLESALE CORP | COM | 22160k105 |  | 188139934 | 188814 | SH |  | SOLE |  | 188814 | 0 | 0 |
| COUPANG INC | COM | 22266T109 |  | 6513222 | 344980 | SH |  | SOLE |  | 344980 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 401000 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 2012764 | 49032 | SH |  | SOLE |  | 49032 | 0 | 0 |
| CUMMINS INC COM | COM | 231021106 |  | 668221 | 1242 | SH |  | SOLE |  | 1242 | 0 | 0 |
| DANAHER CORP | COM | 235851102 |  | 11050368 | 58283 | SH |  | SOLE |  | 58283 | 0 | 0 |
| DASSAULT SYS S A SPONSORED ADR | COM | 237545108 |  | 3397521 | 167696 | SH |  | SOLE |  | 167696 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 180838603 | 321034 | SH |  | SOLE |  | 321034 | 0 | 0 |
| DELTA AIR LINES INC | COM | 247361702 |  | 636745 | 9578 | SH |  | SOLE |  | 9578 | 0 | 0 |
| DIAGEO PLC F SPONSORED ADR 1 A | COM | 25243q205 |  | 284622 | 3823 | SH |  | SOLE |  | 3823 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 16095467 | 77215 | SH |  | SOLE |  | 77215 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614n102 |  | 243519 | 5317 | SH |  | SOLE |  | 5317 | 0 | 0 |
| EATON CORP PLC F | COM | g29183103 |  | 843744 | 2359 | SH |  | SOLE |  | 2359 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 594821 | 2236 | SH |  | SOLE |  | 2236 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 300069 | 1025 | SH |  | SOLE |  | 1025 | 0 | 0 |
| ELI LILLY AND CO | COM | 532457108 |  | 9290597 | 10101 | SH |  | SOLE |  | 10101 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 266364 | 2033 | SH |  | SOLE |  | 2033 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261a100 |  | 232152 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| ENERGY TRANSFER L P LP | COM | 29273v100 |  | 325205 | 16850 | SH |  | SOLE |  | 16850 | 0 | 0 |
| ENTERPRISE PRODS PART LP | COM | 293792107 |  | 975364 | 25776 | SH |  | SOLE |  | 25776 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 1377535 | 7650 | SH |  | SOLE |  | 7650 | 0 | 0 |
| Equinix Inc | COM | 29444U700 |  | 248981 | 254 | SH |  | SOLE |  | 254 | 0 | 0 |
| EXPAND ENERGY CORP | COM | 165167735 |  | 326595 | 2975 | SH |  | SOLE |  | 2975 | 0 | 0 |
| EXTRA SPACE STORAGE INC REIT | COM | 30225t102 |  | 465511 | 3550 | SH |  | SOLE |  | 3550 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 19144434 | 112840 | SH |  | SOLE |  | 112840 | 0 | 0 |
| FASTENAL CO COM | COM | 311900104 |  | 144589163 | 3116146 | SH |  | SOLE |  | 3116146 | 0 | 0 |
| FEDEX CORP COM | COM | 31428X106 |  | 235435 | 661 | SH |  | SOLE |  | 661 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COM | 31488v107 |  | 233260 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| FERRARI N V NEW F | COM | n3167y103 |  | 84082605 | 252533 | SH |  | SOLE |  | 252533 | 0 | 0 |
| FLEX LTD F | COM | y2573f102 |  | 432036 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| FLEXSHARES TR MORNINGSTAR GLOB | COM | 33939L407 |  | 582821 | 10566 | SH |  | SOLE |  | 10566 | 0 | 0 |
| FORAN MINING CORPORATION | COM | 344911201 |  | 534176 | 138675 | SH |  | SOLE |  | 138675 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 5175396 | 23896 | SH |  | SOLE |  | 23896 | 0 | 0 |
| GE AEROSPACE | COM | 369604301 |  | 2108695 | 7431 | SH |  | SOLE |  | 7431 | 0 | 0 |
| GE VERNOVA INC | COM | 36828a101 |  | 1987593 | 2277 | SH |  | SOLE |  | 2277 | 0 | 0 |
| GENESIS ENERGY L P LP | COM | 371927104 |  | 624050 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 831621 | 5967 | SH |  | SOLE |  | 5967 | 0 | 0 |
| GLOBAL X SILVER MINERS ETF | COM | 37954y848 |  | 427880 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141g104 |  | 4158041 | 4915 | SH |  | SOLE |  | 4915 | 0 | 0 |
| GOLDSKY RESOURCES CORP | COM | 381495100 |  | 70861 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| GPGI INC | COM | 20459V105 |  | 393300 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| GRAHAM HLDGS CO COM CL B | COM | 384637104 |  | 946248 | 895 | SH |  | SOLE |  | 895 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 442869 | 406 | SH |  | SOLE |  | 406 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412c101 |  | 574513 | 1214 | SH |  | SOLE |  | 1214 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 227640 | 1095 | SH |  | SOLE |  | 1095 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 7628584 | 23195 | SH |  | SOLE |  | 23195 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1736588 | 7683 | SH |  | SOLE |  | 7683 | 0 | 0 |
| IBERDROLA S A SPONSORED ADR RE | COM | 450737101 |  | 338521 | 3670 | SH |  | SOLE |  | 3670 | 0 | 0 |
| ICICI BK LTD F SPONSORED ADR 1 | COM | 45104g104 |  | 266615 | 10294 | SH |  | SOLE |  | 10294 | 0 | 0 |
| IDEXX LABS INC | COM | 45168d104 |  | 930490 | 1656 | SH |  | SOLE |  | 1656 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1031269 | 3962 | SH |  | SOLE |  | 3962 | 0 | 0 |
| Ingersoll Rand Inc | COM | 45687V106 |  | 3127244 | 39032 | SH |  | SOLE |  | 39032 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 891426 | 20200 | SH |  | SOLE |  | 20200 | 0 | 0 |
| INTERCONTINENTAL EXCHANG | COM | 45866f104 |  | 939905 | 5976 | SH |  | SOLE |  | 5976 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS C | COM | 459200101 |  | 5509282 | 22729 | SH |  | SOLE |  | 22729 | 0 | 0 |
| INTL BRIQUETTE HLD ORDF | COM | g4821q104 |  | 0 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| INTUIT INC | COM | 461202103 |  | 6928067 | 16023 | SH |  | SOLE |  | 16023 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM | 46120E602 |  | 938115 | 2035 | SH |  | SOLE |  | 2035 | 0 | 0 |
| INVESCO NASDAQ 100 ETF | COM | 46138g649 |  | 340985 | 1435 | SH |  | SOLE |  | 1435 | 0 | 0 |
| ISHARES BITCOIN ETF | COM | 46438f101 |  | 699743 | 18213 | SH |  | SOLE |  | 18213 | 0 | 0 |
| ISHARES CORE S 500 ETF IV | COM | 464287200 |  | 446142 | 683 | SH |  | SOLE |  | 683 | 0 | 0 |
| ISHARES CORE S MIDCAP ETF | COM | 464287507 |  | 291730 | 4320 | SH |  | SOLE |  | 4320 | 0 | 0 |
| ISHARES GOLD ETF | COM | 464285204 |  | 1646829 | 18680 | SH |  | SOLE |  | 18680 | 0 | 0 |
| ISHARES MSCI EAFE ETF | COM | 464287465 |  | 2248268 | 23147 | SH |  | SOLE |  | 23147 | 0 | 0 |
| ISHARES MSCI EMERGING MARKET | COM | 464287234 |  | 340740 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ISHARES RUSSELL 1000 ETF | COM | 464287622 |  | 709554 | 1990 | SH |  | SOLE |  | 1990 | 0 | 0 |
| ISHARES RUSSELL MID CAP VALUE | COM | 464287473 |  | 283027 | 1942 | SH |  | SOLE |  | 1942 | 0 | 0 |
| ISHARES TOTAL US STOCK MARKET | COM | 464287150 |  | 371030 | 2605 | SH |  | SOLE |  | 2605 | 0 | 0 |
| ISHARES TR PFD  INCOME SECS E | COM | 464288687 |  | 379000 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 25381279 | 103834 | SH |  | SOLE |  | 103834 | 0 | 0 |
| JOHNSON CTLS INTL PLC SHS ISIN | COM | G51502105 |  | 466968 | 3566 | SH |  | SOLE |  | 3566 | 0 | 0 |
| JOINT CORP | COM | 47973j102 |  | 1319535 | 149100 | SH |  | SOLE |  | 149100 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625h100 |  | 20730926 | 70475 | SH |  | SOLE |  | 70475 | 0 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 393405 | 4078 | SH |  | SOLE |  | 4078 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456b101 |  | 377447 | 11257 | SH |  | SOLE |  | 11257 | 0 | 0 |
| L'OREAL-UNSPONSORED ADR | COM | 502117203 |  | 6694500 | 81710 | SH |  | SOLE |  | 81710 | 0 | 0 |
| LABCORP HLDGS INC | COM | 504922105 |  | 484794 | 1817 | SH |  | SOLE |  | 1817 | 0 | 0 |
| Linde PLC | COM | G54950103 |  | 104848282 | 211490 | SH |  | SOLE |  | 211490 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1040760 | 1722 | SH |  | SOLE |  | 1722 | 0 | 0 |
| LONDON STOCK EXCHANGE GROUP AD | COM | 54211Y107 |  | 93998506 | 3151140 | SH |  | SOLE |  | 3151140 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 1837786 | 7778 | SH |  | SOLE |  | 7778 | 0 | 0 |
| M  T BK CORP COM | COM | 55261F104 |  | 361760 | 1750 | SH |  | SOLE |  | 1750 | 0 | 0 |
| MARATHON PETROLEUM CORP COM | COM | 56585A102 |  | 696890 | 2854 | SH |  | SOLE |  | 2854 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 154078807 | 80498 | SH |  | SOLE |  | 80498 | 0 | 0 |
| Marsh  McLennan Companies Inc | COM | 571748102 |  | 208140 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 128963894 | 219073 | SH |  | SOLE |  | 219073 | 0 | 0 |
| MASTERCARD INC | COM | 57636q104 |  | 188518868 | 377294 | SH |  | SOLE |  | 377294 | 0 | 0 |
| MCCORMICK  CO INC COM NON VTG | COM | 579780206 |  | 2090738 | 41450 | SH |  | SOLE |  | 41450 | 0 | 0 |
| MCDONALD'S CORP | COM | 580135101 |  | 8090485 | 26032 | SH |  | SOLE |  | 26032 | 0 | 0 |
| MCKESSON CORP | COM | 58155q103 |  | 2822804 | 3262 | SH |  | SOLE |  | 3262 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 8809357 | 5095 | SH |  | SOLE |  | 5095 | 0 | 0 |
| MERCK  CO. INC. | COM | 58933y105 |  | 35164150 | 292328 | SH |  | SOLE |  | 292328 | 0 | 0 |
| META PLATFORMS INC CLASS A | COM | 30303m102 |  | 4651417 | 8130 | SH |  | SOLE |  | 8130 | 0 | 0 |
| METTLER-TOLEDO INTL INC | COM | 592688105 |  | 67139982 | 53235 | SH |  | SOLE |  | 53235 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 779735 | 2308 | SH |  | SOLE |  | 2308 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 264676293 | 715013 | SH |  | SOLE |  | 715013 | 0 | 0 |
| MONDELEZ INTL INC CLASS A | COM | 609207105 |  | 604759 | 10492 | SH |  | SOLE |  | 10492 | 0 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174x109 |  | 96667147 | 1334076 | SH |  | SOLE |  | 1334076 | 0 | 0 |
| MOODY'S CORP | COM | 615369105 |  | 7498519 | 17189 | SH |  | SOLE |  | 17189 | 0 | 0 |
| MORGAN STANLEY COM NEW | COM | 617446448 |  | 873290 | 5306 | SH |  | SOLE |  | 5306 | 0 | 0 |
| MOTOROLA SOLUTIONS INC COM NEW | COM | 620076307 |  | 653559 | 1506 | SH |  | SOLE |  | 1506 | 0 | 0 |
| MPLX LP LP | COM | 55336v100 |  | 216866 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| MYECHECK INC COM NEW | COM | 62847L209 |  | 0 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| NATURES SUNSHINE PRODS INC COM | COM | 639027101 |  | 349678 | 14576 | SH |  | SOLE |  | 14576 | 0 | 0 |
| NESTLE S A | COM | 641069406 |  | 84657661 | 854265 | SH |  | SOLE |  | 854265 | 0 | 0 |
| NETFLIX INC | COM | 64110l106 |  | 117952301 | 1226753 | SH |  | SOLE |  | 1226753 | 0 | 0 |
| NEW JERSEY RES CORP COM | COM | 646025106 |  | 494280 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2650145 | 28533 | SH |  | SOLE |  | 28533 | 0 | 0 |
| NIKE INC CLASS B | COM | 654106103 |  | 65239936 | 1235137 | SH |  | SOLE |  | 1235137 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 6335525 | 22075 | SH |  | SOLE |  | 22075 | 0 | 0 |
| NORTHERN TRUST CORP | COM | 665859104 |  | 1116560 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2166794 | 3176 | SH |  | SOLE |  | 3176 | 0 | 0 |
| NOVARTIS AG-SPONSORED ADR | COM | 66987V109 |  | 1502754 | 9838 | SH |  | SOLE |  | 9838 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 21161771 | 121340 | SH |  | SOLE |  | 121340 | 0 | 0 |
| NXP SEMICONDUCTORS N V F | COM | n6596x109 |  | 590580 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| O REILLY AUTOMOTIVE INC | COM | 67103h107 |  | 696479 | 7545 | SH |  | SOLE |  | 7545 | 0 | 0 |
| One Gas Inc | COM | 68235P108 |  | 215325 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| Oneok Inc | COM | 682680103 |  | 945027 | 10455 | SH |  | SOLE |  | 10455 | 0 | 0 |
| ORACLE CORP COM | COM | 68389X105 |  | 2061452 | 14013 | SH |  | SOLE |  | 14013 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 264207 | 1648 | SH |  | SOLE |  | 1648 | 0 | 0 |
| PARKER-HANNIFIN CORP COM | COM | 701094104 |  | 396591 | 443 | SH |  | SOLE |  | 443 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 786889 | 8542 | SH |  | SOLE |  | 8542 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 6804653 | 43819 | SH |  | SOLE |  | 43819 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1381681 | 49205 | SH |  | SOLE |  | 49205 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3043396 | 18407 | SH |  | SOLE |  | 18407 | 0 | 0 |
| PPG INDS INC COM | COM | 693506107 |  | 355376 | 3325 | SH |  | SOLE |  | 3325 | 0 | 0 |
| PRICE T ROWE GROUP INC COM | COM | 74144T108 |  | 276640 | 3069 | SH |  | SOLE |  | 3069 | 0 | 0 |
| PROCTER  GAMBLE COMPANY COM | COM | 742718109 |  | 36704512 | 254116 | SH |  | SOLE |  | 254116 | 0 | 0 |
| PROGRESSIVE CORP OH | COM | 743315103 |  | 410952 | 2073 | SH |  | SOLE |  | 2073 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 391932 | 4012 | SH |  | SOLE |  | 4012 | 0 | 0 |
| PULSAR HELIUM INC | COM | 745932103 |  | 56475 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| QNITY ELECTRONICS INC COMMON S | COM | 74743L100 |  | 335410 | 2907 | SH |  | SOLE |  | 2907 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 307398 | 2387 | SH |  | SOLE |  | 2387 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762e102 |  | 766432 | 1396 | SH |  | SOLE |  | 1396 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834l100 |  | 722382 | 3686 | SH |  | SOLE |  | 3686 | 0 | 0 |
| QXO INC COM PAR VALUE $0 00001 | COM | 82846H405 |  | 388400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 603181 | 2754 | SH |  | SOLE |  | 2754 | 0 | 0 |
| ROCHE HLDGS LTD SPONSORED ADR | COM | 771195104 |  | 238807 | 4804 | SH |  | SOLE |  | 4804 | 0 | 0 |
| ROLLINS ORD SHS | COM | 775711104 |  | 871224 | 16312 | SH |  | SOLE |  | 16312 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 72870390 | 205930 | SH |  | SOLE |  | 205930 | 0 | 0 |
| RPM INTL INC COM | COM | 749685103 |  | 611310 | 6150 | SH |  | SOLE |  | 6150 | 0 | 0 |
| RTX CORP | COM | 75513e101 |  | 1576572 | 8173 | SH |  | SOLE |  | 8173 | 0 | 0 |
| S GLOBAL INC | COM | 78409v104 |  | 108266696 | 254542 | SH |  | SOLE |  | 254542 | 0 | 0 |
| SALESFORCE INC | COM | 79466l302 |  | 1620296 | 8680 | SH |  | SOLE |  | 8680 | 0 | 0 |
| SAP SE F SPONSORED ADR 1 ADR R | COM | 803054204 |  | 2398652 | 14010 | SH |  | SOLE |  | 14010 | 0 | 0 |
| SCHNEIDER ELECT SE-UNSP ADR | COM | 80687P106 |  | 10088764 | 185353 | SH |  | SOLE |  | 185353 | 0 | 0 |
| SELECT SECTOR SPDR TR TECHNOLO | COM | 81369Y803 |  | 421559 | 3172 | SH |  | SOLE |  | 3172 | 0 | 0 |
| SERVICENOW INC | COM | 81762p102 |  | 1317853 | 12605 | SH |  | SOLE |  | 12605 | 0 | 0 |
| SHELL PLC-ADR | COM | 780259305 |  | 730236 | 7852 | SH |  | SOLE |  | 7852 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 118642607 | 370122 | SH |  | SOLE |  | 370122 | 0 | 0 |
| SHOPIFY INC F CLASS      A | COM | 82509l107 |  | 2219617 | 18712 | SH |  | SOLE |  | 18712 | 0 | 0 |
| SIEMENS A G F SPONSORED ADR 1 | COM | 826197501 |  | 349430 | 2867 | SH |  | SOLE |  | 2867 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 357124 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| SOUTHERN CROSS GOLD CONS LTD C | COM | 842685109 |  | 2598426 | 409700 | SH |  | SOLE |  | 409700 | 0 | 0 |
| SPDR GOLD TRUST | COM | 78463V107 |  | 2268059 | 5271 | SH |  | SOLE |  | 5271 | 0 | 0 |
| SPDR S 500 ETF TR TR UNIT | COM | 78462F103 |  | 10995298 | 16907 | SH |  | SOLE |  | 16907 | 0 | 0 |
| SPDR S 500 FOSSIL FUEL RES F | COM | 78468r796 |  | 424240 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TRST | COM | 78467Y107 |  | 863464 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| SPROTT PHYSICAL GOLD ETV | COM | 85207h104 |  | 378145 | 10670 | SH |  | SOLE |  | 10670 | 0 | 0 |
| SPROTT PHYSICAL SILVER TRUST | COM | 85207K107 |  | 618286 | 25350 | SH |  | SOLE |  | 25350 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1879509 | 20979 | SH |  | SOLE |  | 20979 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 222492 | 1758 | SH |  | SOLE |  | 1758 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 666381 | 2028 | SH |  | SOLE |  | 2028 | 0 | 0 |
| STUBHUB HOLDINGS INC | COM | 86384P109 |  | 990001 | 158654 | SH |  | SOLE |  | 158654 | 0 | 0 |
| SUNRISE ENERGY METALS LTD | COM | Q8804B108 |  | 944455 | 156925 | SH |  | SOLE |  | 156925 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 6597824 | 16641 | SH |  | SOLE |  | 16641 | 0 | 0 |
| Sysco Corp | COM | 871829107 |  | 420134 | 5890 | SH |  | SOLE |  | 5890 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG CO AD | COM | 874039100 |  | 17588270 | 52044 | SH |  | SOLE |  | 52044 | 0 | 0 |
| TARGA RES CORP | COM | 87612g101 |  | 250479 | 999 | SH |  | SOLE |  | 999 | 0 | 0 |
| TARGET CORP CLASS EQUITY | COM | 87612e106 |  | 345420 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| TESLA INC | COM | 88160r101 |  | 4784422 | 12870 | SH |  | SOLE |  | 12870 | 0 | 0 |
| TETRA TECHNOLOGIES INC D | COM | 88162f105 |  | 127800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| TEXAS PACIFIC LAND CORP | COM | 88262p102 |  | 127602540 | 268886 | SH |  | SOLE |  | 268886 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 3556579 | 13333 | SH |  | SOLE |  | 13333 | 0 | 0 |
| THE COCA-COLA CO | COM | 191216100 |  | 11134480 | 146410 | SH |  | SOLE |  | 146410 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 12211153 | 24843 | SH |  | SOLE |  | 24843 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 10638415 | 66615 | SH |  | SOLE |  | 66615 | 0 | 0 |
| TOTALENERGIES SE -SPON ADR | COM | f92124100 |  | 582272 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 2043438 | 45109 | SH |  | SOLE |  | 45109 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 24912300 | 59779 | SH |  | SOLE |  | 59779 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 119144565 | 102803 | SH |  | SOLE |  | 102803 | 0 | 0 |
| TRAVELERS COS INC | COM | 89417e109 |  | 1794707 | 6153 | SH |  | SOLE |  | 6153 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 867224 | 18865 | SH |  | SOLE |  | 18865 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353t100 |  | 161823798 | 2249740 | SH |  | SOLE |  | 2249740 | 0 | 0 |
| UCORE RARE METALS INC | COM | 90348V301 |  | 40000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| UMB FINL CORP | COM | 902788108 |  | 366567 | 3250 | SH |  | SOLE |  | 3250 | 0 | 0 |
| UNILEVER PLC SPON ADR NEW | COM | 904767803 |  | 394347 | 6922 | SH |  | SOLE |  | 6922 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 9925099 | 40908 | SH |  | SOLE |  | 40908 | 0 | 0 |
| United Parcel Service Cl B | COM | 911312106 |  | 1258280 | 12790 | SH |  | SOLE |  | 12790 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 6281737 | 8622 | SH |  | SOLE |  | 8622 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324p102 |  | 1166243 | 4310 | SH |  | SOLE |  | 4310 | 0 | 0 |
| VANECK ETF TR GOLD MINERS ETF | COM | 92189F106 |  | 832813 | 9075 | SH |  | SOLE |  | 9075 | 0 | 0 |
| VANECK JUNIOR GOLD MINERS | COM | 92189F791 |  | 608003 | 5065 | SH |  | SOLE |  | 5065 | 0 | 0 |
| VANGUARD INDEX FDS S 500 ETF | COM | 922908363 |  | 5923534 | 9913 | SH |  | SOLE |  | 9913 | 0 | 0 |
| VANGUARD INDEX FDS VANGUARD GR | COM | 922908736 |  | 1946336 | 4456 | SH |  | SOLE |  | 4456 | 0 | 0 |
| VANGUARD INDEX FDS VANGUARD SM | COM | 922908751 |  | 461241 | 1761 | SH |  | SOLE |  | 1761 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLO | COM | 92204a702 |  | 2142000 | 3070 | SH |  | SOLE |  | 3070 | 0 | 0 |
| VANGUARD INTL FD FTSE DEVELOPE | COM | 921943858 |  | 979463 | 15285 | SH |  | SOLE |  | 15285 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS DIV | COM | 921908844 |  | 1290360 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ET | COM | 922908769 |  | 288108 | 898 | SH |  | SOLE |  | 898 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 4634670 | 24425 | SH |  | SOLE |  | 24425 | 0 | 0 |
| VERIZON COMMUNICATIONS I | COM | 92343v104 |  | 468448 | 9332 | SH |  | SOLE |  | 9332 | 0 | 0 |
| VERTEX PHARMACEUTICALS I | COM | 92532f100 |  | 375540 | 841 | SH |  | SOLE |  | 841 | 0 | 0 |
| VIKING HOLDINGS LTD | COM | G93A5A101 |  | 532730 | 7250 | SH |  | SOLE |  | 7250 | 0 | 0 |
| VINCI S A ADR | COM | 927320101 |  | 4235336 | 112852 | SH |  | SOLE |  | 112852 | 0 | 0 |
| VISA INC-CLASS A SHARES | COM | 92826C839 |  | 17160280 | 56777 | SH |  | SOLE |  | 56777 | 0 | 0 |
| VISTRA CORP | COM | 92840m102 |  | 1156789 | 7695 | SH |  | SOLE |  | 7695 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 5403304 | 21621 | SH |  | SOLE |  | 21621 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 8280031 | 66624 | SH |  | SOLE |  | 66624 | 0 | 0 |
| WALT DISNEY CO/THE | COM | 254687106 |  | 2076700 | 21547 | SH |  | SOLE |  | 21547 | 0 | 0 |
| WASTE MANAGEMENT INC | COM | 94106L109 |  | 10244196 | 44581 | SH |  | SOLE |  | 44581 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 256854 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 1250832 | 15712 | SH |  | SOLE |  | 15712 | 0 | 0 |
| WHITE MOUNTAINS INS F DUTCH TE | COM | g9618e107 |  | 329544 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| WOODWARD INC COM | COM | 980745103 |  | 2147520 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| XYLEM INC | COM | 98419m100 |  | 232905 | 1949 | SH |  | SOLE |  | 1949 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 421040 | 2708 | SH |  | SOLE |  | 2708 | 0 | 0 |
| ZOETIS INC | COM | 98978v103 |  | 3134338 | 26515 | SH |  | SOLE |  | 26515 | 0 | 0 |

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