# EDGAR Filing Document

**Accession Number:** 0000911274
**File Stem:** 0000911274-23-000002
**Filing Date:** 2023-1
**Character Count:** 26541
**Document Hash:** 9443501b1ed58b2290909a203a52623b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000911274-23-000002.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0000911274-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BEESE FULMER INVESTMENT MANAGEMENT, INC.
- **CENTRAL INDEX KEY:** 0000911274
- **IRS NUMBER:** 341314835
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03920
- **FILM NUMBER:** 23531335

**BUSINESS ADDRESS:**
- **STREET 1:** 4334 MUNSON ST. NW
- **STREET 2:** SUITE 102
- **CITY:** CANTON
- **STATE:** OH
- **ZIP:** 44718
- **BUSINESS PHONE:** 3304546555

**MAIL ADDRESS:**
- **STREET 1:** 4334 MUNSON ST. NW
- **STREET 2:** SUITE 102
- **CITY:** CANTON
- **STATE:** OH
- **ZIP:** 44718

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BEESE FULMER & PINCOE INC
- **DATE OF NAME CHANGE:** 19990406

### 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:** BEESE FULMER INVESTMENT MANAGEMENT INC.<br>**Address:** 4334 MUNSON ST. NW<br>SUITE 102<br>CANTON, OH 44718

**Form 13F File Number:** 028-03920

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:** Nicholas T. Perini<br>**Title:** Vice-President<br>**Phone:** 330-454-6555

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

Nicholas T. Perini  Canton, OH  01-17-2023<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:** 220

**Form 13F Information Table Value Total:** $830669902

      (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 |
| AMAZON COM INC COM | Stock | 023135106 |  | 9968407 | 118672 | SH |  | SOLE | 0 | 118671 | 0 | 0 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 242643 | 2446 | SH |  | SOLE | 0 | 2446 | 0 | 0 |
| JOHNSON  JOHNSON | Stock | 478160104 |  | 21453519 | 121446 | SH |  | SOLE | 0 | 121446 | 0 | 0 |
| FLEETCOR TECHNOLOGIES INC COM | Stock | 339041105 |  | 3985489 | 21698 | SH |  | SOLE | 0 | 21698 | 0 | 0 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 330232 | 2105 | SH |  | SOLE | 0 | 2105 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 1189967 | 6224 | SH |  | SOLE | 0 | 6224 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | Stock | 22160K105 |  | 13928728 | 30512 | SH |  | SOLE | 0 | 30472 | 0 | 40 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 8867102 | 25823 | SH |  | SOLE | 0 | 25823 | 0 | 0 |
| SHELL PLC SPON ADS | ADR | 780259305 |  | 1147827 | 20155 | SH |  | SOLE | 0 | 18255 | 0 | 1900 |
| TELEDYNE TECHNOLOGIES INC COM | Stock | 879360105 |  | 2525032 | 6314 | SH |  | SOLE | 0 | 6314 | 0 | 0 |
| PERMIAN BASIN RTY TR UNIT BEN INT | Stock | 714236106 |  | 1008022 | 40039 | SH |  | SOLE | 0 | 40039 | 0 | 0 |
| LIBERTY MEDIA CORP DEL COM C SIRIUSXM | Stock | 531229607 |  | 266358 | 6807 | SH |  | SOLE | 0 | 6491 | 0 | 316 |
| PROCTER  GAMBLE COMPANY | Stock | 742718109 |  | 17862695 | 117859 | SH |  | SOLE | 0 | 117858 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 15083655 | 237127 | SH |  | SOLE | 0 | 237127 | 0 | 0 |
| GENERAL MLS INC COM | Stock | 370334104 |  | 1984323 | 23665 | SH |  | SOLE | 0 | 23665 | 0 | 0 |
| TRUIST FINL CORP COM | Stock | 89832Q109 |  | 1395915 | 32441 | SH |  | SOLE | 0 | 32440 | 0 | 0 |
| UNITED PARCEL SERVICE INC CL B | Stock | 911312106 |  | 11516262 | 66246 | SH |  | SOLE | 0 | 66246 | 0 | 0 |
| INTEL CORP COM | Stock | 458140100 |  | 1462108 | 55320 | SH |  | SOLE | 0 | 55320 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 5121697 | 65899 | SH |  | SOLE | 0 | 65899 | 0 | 0 |
| LAUDER ESTEE COS INC CL A | Stock | 518439104 |  | 434441 | 1751 | SH |  | SOLE | 0 | 1751 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 10601051 | 95548 | SH |  | SOLE | 0 | 95548 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 1708315 | 4467 | SH |  | SOLE | 0 | 4467 | 0 | 0 |
| MCKESSON CORP COM | Stock | 58155Q103 |  | 2440156 | 6505 | SH |  | SOLE | 0 | 6505 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 24720821 | 71092 | SH |  | SOLE | 0 | 71092 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO CAL COM | Stock | 33616C100 |  | 6666408 | 54692 | SH |  | SOLE | 0 | 54492 | 0 | 200 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 9567933 | 99604 | SH |  | SOLE | 0 | 99603 | 0 | 0 |
| WESTERN NEW ENG BANCORP INC COM | Stock | 958892101 |  | 112886 | 11933 | SH |  | SOLE | 0 | 11933 | 0 | 0 |
| SMUCKER J M CO COM NEW | Stock | 832696405 |  | 3188040 | 20119 | SH |  | SOLE | 0 | 20118 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP COM | Stock | 28176E108 |  | 8738622 | 117124 | SH |  | SOLE | 0 | 117124 | 0 | 0 |
| CITIZENS CMNTY BANCORP INC MD COM | Stock | 174903104 |  | 225899 | 18778 | SH |  | SOLE | 0 | 18778 | 0 | 0 |
| ISHARES S 100 ETF | ETF | 464287101 |  | 206390 | 1210 | SH |  | SOLE | 0 | 1210 | 0 | 0 |
| VERIZON COMMUNICATIONS INC. | Stock | 92343V104 |  | 2818264 | 71530 | SH |  | SOLE | 0 | 71529 | 0 | 0 |
| CHUBB LIMITED COM | Stock | H1467J104 |  | 11952329 | 54181 | SH |  | SOLE | 0 | 53981 | 0 | 200 |
| FEDEX CORP COM | Stock | 31428X106 |  | 1369018 | 7904 | SH |  | SOLE | 0 | 7904 | 0 | 0 |
| SHERWIN WILLIAMS CO COM | Stock | 824348106 |  | 3898383 | 16426 | SH |  | SOLE | 0 | 15757 | 0 | 669 |
| PEPSICO INC. | Stock | 713448108 |  | 14600402 | 80817 | SH |  | SOLE | 0 | 80817 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC. | Stock | 438516106 |  | 580110 | 2707 | SH |  | SOLE | 0 | 2707 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | Stock | G8994E103 |  | 1713173 | 10192 | SH |  | SOLE | 0 | 10192 | 0 | 0 |
| FIRSTENERGY CORP COM | Stock | 337932107 |  | 482352 | 11501 | SH |  | SOLE | 0 | 11501 | 0 | 0 |
| FORD MTR CO DEL COM | Stock | 345370860 |  | 186150 | 16006 | SH |  | SOLE | 0 | 16006 | 0 | 0 |
| US BANCORP DEL COM NEW | Stock | 902973304 |  | 227731 | 5222 | SH |  | SOLE | 0 | 5222 | 0 | 0 |
| BP PLC SPONSORED ADR | ADR | 055622104 |  | 1049227 | 30038 | SH |  | SOLE | 0 | 30038 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 9938197 | 31464 | SH |  | SOLE | 0 | 31463 | 0 | 0 |
| BAXTER INTL INC COM | Stock | 071813109 |  | 2809263 | 55116 | SH |  | SOLE | 0 | 54866 | 0 | 250 |
| SUNCOR ENERGY INC NEW COM | Stock | 867224107 |  | 204659 | 6450 | SH |  | SOLE | 0 | 6450 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC COM | Stock | 053015103 |  | 3632822 | 15209 | SH |  | SOLE | 0 | 15209 | 0 | 0 |
| HV BANCORP INC COM | Stock | 40441H105 |  | 421651 | 14826 | SH |  | SOLE | 0 | 14826 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 641239 | 3780 | SH |  | SOLE | 0 | 3780 | 0 | 0 |
| SOUTHERN CO COM | Stock | 842587107 |  | 334913 | 4690 | SH |  | SOLE | 0 | 4690 | 0 | 0 |
| BECTON DICKINSON  CO COM | Stock | 075887109 |  | 7946012 | 31247 | SH |  | SOLE | 0 | 31171 | 0 | 75 |
| KEYCORP COM | Stock | 493267108 |  | 1024871 | 58833 | SH |  | SOLE | 0 | 58833 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 433627 | 2024 | SH |  | SOLE | 0 | 2024 | 0 | 0 |
| JPMORGAN ULTRA-SHORT INCOME ETF | ETF | 46641Q837 |  | 270702 | 5400 | SH |  | SOLE | 0 | 5400 | 0 | 0 |
| AON PLC SHS CL A | Stock | G0403H108 |  | 6011380 | 20036 | SH |  | SOLE | 0 | 20036 | 0 | 0 |
| PIMCO ENHANCED SHORT MATURITY ACTIVE ETF | ETF | 72201R833 |  | 821360 | 8326 | SH |  | SOLE | 0 | 8326 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 16814972 | 54435 | SH |  | SOLE | 0 | 54435 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED COM | Stock | 00724F101 |  | 5882544 | 17480 | SH |  | SOLE | 0 | 17480 | 0 | 0 |
| VANGUARD SHORT-TERM CORPORATE BOND ETF | ETF | 92206C409 |  | 11587381 | 154108 | SH |  | SOLE | 0 | 154108 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 11597745 | 131449 | SH |  | SOLE | 0 | 131449 | 0 | 0 |
| OREILLY AUTOMOTIVE INC COM | Stock | 67103H107 |  | 18801612 | 22276 | SH |  | SOLE | 0 | 22276 | 0 | 0 |
| UNILEVER PLC SPON ADR NEW | ADR | 904767704 |  | 312573 | 6208 | SH |  | SOLE | 0 | 6208 | 0 | 0 |
| CSX CORP COM | Stock | 126408103 |  | 1883429 | 60795 | SH |  | SOLE | 0 | 60795 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PLC SHS | Stock | G8060N102 |  | 1795577 | 44467 | SH |  | SOLE | 0 | 44467 | 0 | 0 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 11339846 | 324274 | SH |  | SOLE | 0 | 323703 | 0 | 570 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 32946725 | 137381 | SH |  | SOLE | 0 | 137381 | 0 | 0 |
| COLUMBIA FINL INC COM | Stock | 197641103 |  | 321360 | 14864 | SH |  | SOLE | 0 | 14864 | 0 | 0 |
| SCHLUMBERGER LTD COM STK | Stock | 806857108 |  | 3161464 | 59137 | SH |  | SOLE | 0 | 59137 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 11964873 | 128392 | SH |  | SOLE | 0 | 128392 | 0 | 0 |
| RPM INTL INC COM | Stock | 749685103 |  | 326458 | 3350 | SH |  | SOLE | 0 | 3350 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 4687110 | 10 | SH |  | SOLE | 0 | 10 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 7787080 | 40879 | SH |  | SOLE | 0 | 40579 | 0 | 300 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 1167825 | 6363 | SH |  | SOLE | 0 | 6362 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 865584 | 10354 | SH |  | SOLE | 0 | 10353 | 0 | 0 |
| NIKE INC CL B | Stock | 654106103 |  | 335715 | 2869 | SH |  | SOLE | 0 | 2869 | 0 | 0 |
| LINDE PLC SHS | Stock | G5494J103 |  | 10002962 | 30667 | SH |  | SOLE | 0 | 30667 | 0 | 0 |
| JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF | ETF | 46641Q654 |  | 249896 | 4945 | SH |  | SOLE | 0 | 4945 | 0 | 0 |
| ENTERPRISE BANCORP INC MASS COM | Stock | 293668109 |  | 365355 | 10350 | SH |  | SOLE | 0 | 10350 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | Stock | 655844108 |  | 2136215 | 8669 | SH |  | SOLE | 0 | 8669 | 0 | 0 |
| FOX CORP CL A COM | Stock | 35137L105 |  | 717856 | 23637 | SH |  | SOLE | 0 | 23637 | 0 | 0 |
| AMERISERV FINL INC COM | Stock | 03074A102 |  | 43230 | 11000 | SH |  | SOLE | 0 | 11000 | 0 | 0 |
| FIFTH THIRD BANCORP COM | Stock | 316773100 |  | 1278376 | 38963 | SH |  | SOLE | 0 | 38963 | 0 | 0 |
| HUNTINGTON BANCSHARES INC COM | Stock | 446150104 |  | 3789803 | 268780 | SH |  | SOLE | 0 | 264780 | 0 | 4000 |
| CROWDSTRIKE HLDGS INC CL A | Stock | 22788C105 |  | 501286 | 4761 | SH |  | SOLE | 0 | 4761 | 0 | 0 |
| GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF | ETF | 381430230 |  | 645008 | 13016 | SH |  | SOLE | 0 | 13016 | 0 | 0 |
| RICHMOND MUT BANCORPORATION COM | Stock | 76525P100 |  | 533371 | 40997 | SH |  | SOLE | 0 | 40997 | 0 | 0 |
| MALVERN BANCORP INC COM | Stock | 561409103 |  | 194309 | 10947 | SH |  | SOLE | 0 | 10947 | 0 | 0 |
| HARBORONE BANCORP INC NEW COM NEW | Stock | 41165Y100 |  | 250575 | 18027 | SH |  | SOLE | 0 | 18027 | 0 | 0 |
| LILLY ELI  CO COM | Stock | 532457108 |  | 248040 | 678 | SH |  | SOLE | 0 | 678 | 0 | 0 |
| AIR PRODS  CHEMS INC COM | Stock | 009158106 |  | 3230898 | 10481 | SH |  | SOLE | 0 | 10481 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 424588 | 2435 | SH |  | SOLE | 0 | 2435 | 0 | 0 |
| BOGOTA FINL CORP COM | Stock | 097235105 |  | 229749 | 20550 | SH |  | SOLE | 0 | 20550 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 521794 | 5066 | SH |  | SOLE | 0 | 5066 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | Stock | 14448C104 |  | 518141 | 12561 | SH |  | SOLE | 0 | 12561 | 0 | 0 |
| AFLAC INC COM | Stock | 001055102 |  | 259847 | 3612 | SH |  | SOLE | 0 | 3612 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 1212352 | 31904 | SH |  | SOLE | 0 | 31904 | 0 | 0 |
| MILLICOM INTL CELLULAR S A COM STK | Stock | L6388F110 |  | 236610 | 18734 | SH |  | SOLE | 0 | 18734 | 0 | 0 |
| AMERICAN AIRLINES GROUP INC 6.5 07/01/2025 | Convertible | 02376RAF9 |  | 211208 | 200000 | SH |  | SOLE | 0 | 200000 | 0 | 0 |
| AMERICAN ELEC PWR CO INC COM | Stock | 025537101 |  | 3378796 | 35585 | SH |  | SOLE | 0 | 35585 | 0 | 0 |
| MARATHON PETE CORP COM | Stock | 56585A102 |  | 434717 | 3735 | SH |  | SOLE | 0 | 3735 | 0 | 0 |
| INDEPENDENT BK CORP MASS COM | Stock | 453836108 |  | 207191 | 2454 | SH |  | SOLE | 0 | 2454 | 0 | 0 |
| EASTERN BANKSHARES INC COM | Stock | 27627N105 |  | 1238602 | 71803 | SH |  | SOLE | 0 | 71803 | 0 | 0 |
| VANGUARD ULTRA-SHORT BOND ETF | ETF | 92203C303 |  | 1510425 | 30825 | SH |  | SOLE | 0 | 30825 | 0 | 0 |
| TRACTOR SUPPLY CO COM | Stock | 892356106 |  | 1134074 | 5041 | SH |  | SOLE | 0 | 5041 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 976939 | 4702 | SH |  | SOLE | 0 | 4702 | 0 | 0 |
| HERSHEY CO COM | Stock | 427866108 |  | 10528099 | 45464 | SH |  | SOLE | 0 | 44714 | 0 | 750 |
| BLUE FOUNDRY BANCORP COM | Stock | 09549B104 |  | 192879 | 15010 | SH |  | SOLE | 0 | 15010 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 609065 | 4339 | SH |  | SOLE | 0 | 4339 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 401297 | 1883 | SH |  | SOLE | 0 | 1883 | 0 | 0 |
| BANC OF CALIFORNIA INC COM | Stock | 05990K106 |  | 162805 | 10220 | SH |  | SOLE | 0 | 10220 | 0 | 0 |
| Ponce Financial Group Inc. | Stock | 732344106 |  | 614878 | 65974 | SH |  | SOLE | 0 | 65974 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 5866214 | 48747 | SH |  | SOLE | 0 | 48627 | 0 | 120 |
| WARNER BROS DISCOVERY INC COM SER A | Stock | 934423104 |  | 701662 | 74015 | SH |  | SOLE | 0 | 73495 | 0 | 520 |
| SOUND FINL BANCORP INC COM | Stock | 83607A100 |  | 448518 | 11080 | SH |  | SOLE | 0 | 11080 | 0 | 0 |
| MONDELEZ INTL INC CL A | Stock | 609207105 |  | 1573007 | 23601 | SH |  | SOLE | 0 | 22801 | 0 | 800 |
| BROADCOM INC COM | Stock | 11135F101 |  | 860501 | 1539 | SH |  | SOLE | 0 | 1539 | 0 | 0 |
| VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF | ETF | 922020805 |  | 213932 | 4580 | SH |  | SOLE | 0 | 4580 | 0 | 0 |
| D R HORTON INC COM | Stock | 23331A109 |  | 5439590 | 61023 | SH |  | SOLE | 0 | 61023 | 0 | 0 |
| JOHNSON CTLS INTL PLC SHS | Stock | G51502105 |  | 772416 | 12069 | SH |  | SOLE | 0 | 12069 | 0 | 0 |
| MOODYS CORP COM | Stock | 615369105 |  | 278620 | 1000 | SH |  | SOLE | 0 | 1000 | 0 | 0 |
| PIONEER NAT RES CO COM | Stock | 723787107 |  | 1939488 | 8492 | SH |  | SOLE | 0 | 8492 | 0 | 0 |
| TIMKEN CO COM | Stock | 887389104 |  | 1096869 | 15521 | SH |  | SOLE | 0 | 15521 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 467332 | 25848 | SH |  | SOLE | 0 | 25848 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 392678 | 2687 | SH |  | SOLE | 0 | 2687 | 0 | 0 |
| CUMMINS INC COM | Stock | 231021106 |  | 9472812 | 39097 | SH |  | SOLE | 0 | 39097 | 0 | 0 |
| EOG RES INC COM | Stock | 26875P101 |  | 5782809 | 44648 | SH |  | SOLE | 0 | 44648 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 6361378 | 39363 | SH |  | SOLE | 0 | 39362 | 0 | 0 |
| CURTISS WRIGHT CORP COM | Stock | 231561101 |  | 2630426 | 15752 | SH |  | SOLE | 0 | 15752 | 0 | 0 |
| KEMPER CORP COM | Stock | 488401100 |  | 2588904 | 52620 | SH |  | SOLE | 0 | 52620 | 0 | 0 |
| ZOETIS INC CL A | Stock | 98978V103 |  | 762500 | 5203 | SH |  | SOLE | 0 | 5203 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 1829996 | 24567 | SH |  | SOLE | 0 | 24567 | 0 | 0 |
| FARMERS NATIONAL BANC CORP COM | Stock | 309627107 |  | 5670479 | 401592 | SH |  | SOLE | 0 | 401592 | 0 | 0 |
| FS BANCORP INC COM | Stock | 30263Y104 |  | 561458 | 16790 | SH |  | SOLE | 0 | 16790 | 0 | 0 |
| ROCKWELL AUTOMATION INC COM | Stock | 773903109 |  | 3539606 | 13742 | SH |  | SOLE | 0 | 13742 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 9636818 | 39416 | SH |  | SOLE | 0 | 39416 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 1876016 | 17064 | SH |  | SOLE | 0 | 17064 | 0 | 0 |
| GENERAL DYNAMICS CORP COM | Stock | 369550108 |  | 1298856 | 5235 | SH |  | SOLE | 0 | 5235 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | Stock | 46120E602 |  | 506553 | 1909 | SH |  | SOLE | 0 | 1909 | 0 | 0 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 13001794 | 49337 | SH |  | SOLE | 0 | 49187 | 0 | 150 |
| FLEXSHARES QUALITY DIVIDEND INDEX FUND | ETF | 33939L860 |  | 215134 | 4090 | SH |  | SOLE | 0 | 4090 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC COM | Stock | 45866F104 |  | 9430073 | 91920 | SH |  | SOLE | 0 | 91920 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 3399055 | 71349 | SH |  | SOLE | 0 | 71348 | 0 | 0 |
| LIBERTY GLOBAL PLC SHS CL C | Stock | G5480U120 |  | 427052 | 21979 | SH |  | SOLE | 0 | 21979 | 0 | 0 |
| ISHARES RUSSELL MIDCAP ETF | ETF | 464287499 |  | 574000 | 8510 | SH |  | SOLE | 0 | 8510 | 0 | 0 |
| AUTODESK INC COM | Stock | 052769106 |  | 1687810 | 9032 | SH |  | SOLE | 0 | 9032 | 0 | 0 |
| AT INC COM | Stock | 00206R102 |  | 1979431 | 107519 | SH |  | SOLE | 0 | 105369 | 0 | 2150 |
| GENERAL ELECTRIC CO COM NEW | Stock | 369604301 |  | 1789838 | 21361 | SH |  | SOLE | 0 | 21361 | 0 | 0 |
| CHARTER COMMUNICATIONS INC NEW CL A | Stock | 16119P108 |  | 303834 | 896 | SH |  | SOLE | 0 | 896 | 0 | 0 |
| CNB FINL CORP PA COM | Stock | 126128107 |  | 223626 | 9400 | SH |  | SOLE | 0 | 9400 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 273942 | 713 | SH |  | SOLE | 0 | 713 | 0 | 0 |
| LAMAR ADVERTISING CO NEW CL A | REIT | 512816109 |  | 2009587 | 21288 | SH |  | SOLE | 0 | 21288 | 0 | 0 |
| HILLTOP HOLDINGS INC COM | Stock | 432748101 |  | 231677 | 7720 | SH |  | SOLE | 0 | 7720 | 0 | 0 |
| WELLS FARGO CO NEW COM | Stock | 949746101 |  | 1744957 | 42261 | SH |  | SOLE | 0 | 42261 | 0 | 0 |
| UNION PAC CORP COM | Stock | 907818108 |  | 8393375 | 40534 | SH |  | SOLE | 0 | 40534 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 3121169 | 23540 | SH |  | SOLE | 0 | 23540 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 6143023 | 11259 | SH |  | SOLE | 0 | 11259 | 0 | 0 |
| DIEBOLD NIXDORF INC COM STK | Stock | 253651103 |  | 21781 | 15339 | SH |  | SOLE | 0 | 15339 | 0 | 0 |
| REPUBLIC SVCS INC COM | Stock | 760759100 |  | 643144 | 4986 | SH |  | SOLE | 0 | 4986 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 267635 | 486 | SH |  | SOLE | 0 | 486 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 610971 | 1256 | SH |  | SOLE | 0 | 1255 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 11692862 | 87195 | SH |  | SOLE | 0 | 87195 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 16242426 | 90492 | SH |  | SOLE | 0 | 90492 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 11701352 | 99164 | SH |  | SOLE | 0 | 99164 | 0 | 0 |
| MARKEL CORP COM | Stock | 570535104 |  | 2134334 | 1620 | SH |  | SOLE | 0 | 1620 | 0 | 0 |
| CINCINNATI FINL CORP COM | Stock | 172062101 |  | 315259 | 3079 | SH |  | SOLE | 0 | 3079 | 0 | 0 |
| TJX COS INC NEW COM | Stock | 872540109 |  | 9580338 | 120356 | SH |  | SOLE | 0 | 120356 | 0 | 0 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 283739 | 8567 | SH |  | SOLE | 0 | 8567 | 0 | 0 |
| BERKSHIRE HILLS BANCORP INC COM | Stock | 084680107 |  | 382600 | 12796 | SH |  | SOLE | 0 | 12796 | 0 | 0 |
| SPDR S DIVIDEND ETF | ETF | 78464A763 |  | 238765 | 1908 | SH |  | SOLE | 0 | 1908 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 1207095 | 8513 | SH |  | SOLE | 0 | 8513 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 1276245 | 9058 | SH |  | SOLE | 0 | 9058 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 606148 | 7416 | SH |  | SOLE | 0 | 7415 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | Stock | 75513E101 |  | 9684910 | 95966 | SH |  | SOLE | 0 | 95966 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 619063 | 15882 | SH |  | SOLE | 0 | 15881 | 0 | 0 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 7628767 | 46173 | SH |  | SOLE | 0 | 46003 | 0 | 170 |
| TARGET CORP COM | Stock | 87612E106 |  | 478567 | 3211 | SH |  | SOLE | 0 | 3211 | 0 | 0 |
| PFIZER INC COM | Stock | 717081103 |  | 4006070 | 78182 | SH |  | SOLE | 0 | 77000 | 0 | 1182 |
| MORGAN STANLEY COM NEW | Stock | 617446448 |  | 1058074 | 12445 | SH |  | SOLE | 0 | 12445 | 0 | 0 |
| 3M COMPANY | Stock | 88579Y101 |  | 1840152 | 15345 | SH |  | SOLE | 0 | 15344 | 0 | 0 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 223897 | 2608 | SH |  | SOLE | 0 | 2608 | 0 | 0 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 4258891 | 17778 | SH |  | SOLE | 0 | 17777 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 12912611 | 145527 | SH |  | SOLE | 0 | 145527 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 2429010 | 16440 | SH |  | SOLE | 0 | 16440 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 918946 | 3499 | SH |  | SOLE | 0 | 3498 | 0 | 0 |
| TRANSDIGM GROUP INC COM | Stock | 893641100 |  | 1392786 | 2212 | SH |  | SOLE | 0 | 2212 | 0 | 0 |
| WILLIAMS COS INC COM | Stock | 969457100 |  | 380818 | 11575 | SH |  | SOLE | 0 | 11575 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 1580303 | 10407 | SH |  | SOLE | 0 | 10407 | 0 | 0 |
| TIMKENSTEEL CORPORATION COM | Stock | 887399103 |  | 501837 | 27619 | SH |  | SOLE | 0 | 27619 | 0 | 0 |
| ISHARES CORE DIVIDEND GROWTH ETF | ETF | 46434V621 |  | 229650 | 4593 | SH |  | SOLE | 0 | 4593 | 0 | 0 |
| SYNCHRONY FINANCIAL COM | Stock | 87165B103 |  | 715592 | 21777 | SH |  | SOLE | 0 | 21777 | 0 | 0 |
| EATON CORP PLC SHS | Stock | G29183103 |  | 1674970 | 10672 | SH |  | SOLE | 0 | 10672 | 0 | 0 |
| AXON ENTERPRISE INC COM | Stock | 05464C101 |  | 640490 | 3860 | SH |  | SOLE | 0 | 3860 | 0 | 0 |
| LIBERTY BROADBAND CORP COM SER C | Stock | 530307305 |  | 205929 | 2700 | SH |  | SOLE | 0 | 2554 | 0 | 146 |
| VANGUARD SHORT-TERM BOND ETF | ETF | 921937827 |  | 336050 | 4464 | SH |  | SOLE | 0 | 4464 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 8273817 | 81749 | SH |  | SOLE | 0 | 81299 | 0 | 450 |
| PARKER-HANNIFIN CORP COM | Stock | 701094104 |  | 228027 | 784 | SH |  | SOLE | 0 | 783 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | Stock | 776696106 |  | 4845889 | 11215 | SH |  | SOLE | 0 | 11215 | 0 | 0 |
| PNC FINL SVCS GROUP INC COM | Stock | 693475105 |  | 503513 | 3188 | SH |  | SOLE | 0 | 3188 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 2916324 | 40533 | SH |  | SOLE | 0 | 39332 | 0 | 1200 |
| ALTRIA GROUP INC. | Stock | 02209S103 |  | 964435 | 21099 | SH |  | SOLE | 0 | 21099 | 0 | 0 |
| LOEWS CORP COM | Stock | 540424108 |  | 1131310 | 19395 | SH |  | SOLE | 0 | 19395 | 0 | 0 |
| DOMINION ENERGY INC COM | Stock | 25746U109 |  | 2940723 | 47957 | SH |  | SOLE | 0 | 46007 | 0 | 1950 |
| AMERICAN WTR WKS CO INC NEW COM | Stock | 030420103 |  | 265058 | 1739 | SH |  | SOLE | 0 | 1739 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 17731945 | 160761 | SH |  | SOLE | 0 | 159561 | 0 | 1200 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 521697 | 984 | SH |  | SOLE | 0 | 984 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 12431978 | 62397 | SH |  | SOLE | 0 | 62397 | 0 | 0 |
| DEERE  CO COM | Stock | 244199105 |  | 4182739 | 9755 | SH |  | SOLE | 0 | 9755 | 0 | 0 |
| CIVISTA BANCSHARES INC COM NO PAR | Stock | 178867107 |  | 4297651 | 195259 | SH |  | SOLE | 0 | 195259 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC COM | REIT | 29472R108 |  | 443285 | 6862 | SH |  | SOLE | 0 | 6862 | 0 | 0 |
| NOVO-NORDISK A S ADR | ADR | 670100205 |  | 1645464 | 12158 | SH |  | SOLE | 0 | 12158 | 0 | 0 |
| BROOKLINE BANCORP INC DEL COM | Stock | 11373M107 |  | 206590 | 14600 | SH |  | SOLE | 0 | 14600 | 0 | 0 |
| KRAFT HEINZ CO COM | Stock | 500754106 |  | 232373 | 5708 | SH |  | SOLE | 0 | 5708 | 0 | 0 |
| PAYPAL HLDGS INC COM | Stock | 70450Y103 |  | 5345132 | 75051 | SH |  | SOLE | 0 | 74801 | 0 | 250 |
| CARDINAL HEALTH INC COM | Stock | 14149Y108 |  | 285572 | 3715 | SH |  | SOLE | 0 | 3715 | 0 | 0 |
| DISH NETWORK CORPORATION CL A | Stock | 25470M109 |  | 799129 | 56918 | SH |  | SOLE | 0 | 56918 | 0 | 0 |
| ESSA BANCORP INC COM | Stock | 29667D104 |  | 419424 | 20097 | SH |  | SOLE | 0 | 20097 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 674581 | 10277 | SH |  | SOLE | 0 | 10276 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 43701850 | 336349 | SH |  | SOLE | 0 | 336349 | 0 | 0 |
| WEC ENERGY GROUP INC COM | Stock | 92939U106 |  | 246401 | 2628 | SH |  | SOLE | 0 | 2628 | 0 | 0 |
| ABBOTT LABS COM | Stock | 002824100 |  | 10491953 | 95564 | SH |  | SOLE | 0 | 95563 | 0 | 0 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 12412269 | 142867 | SH |  | SOLE | 0 | 142186 | 0 | 680 |

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