# EDGAR Filing Document

**Accession Number:** 0001695582
**File Stem:** 0001095449-23-000014
**Filing Date:** 2023-1
**Character Count:** 20278
**Document Hash:** a0111b39c85eaf5fc53e3a0599222d97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001095449-23-000014.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001095449-23-000014

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230118

**EFFECTIVENESS DATE**: 20230119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RB Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001695582
- **IRS NUMBER:** 522241274
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17960
- **FILM NUMBER:** 23535619

**BUSINESS ADDRESS:**
- **STREET 1:** 5365 RENO CORPORATE DRIVE
- **STREET 2:** SUITE 200
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89511
- **BUSINESS PHONE:** (775) 993-2900

**MAIL ADDRESS:**
- **STREET 1:** 5365 RENO CORPORATE DRIVE
- **STREET 2:** SUITE 200
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89511

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [x] **Amendment Number:** 1

**This Amendment (Check only one.):** [x] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** RB Capital Management LLC<br>**Address:** 5365 RENO CORPORATE DRIVE<br>SUITE 200<br>RENO, NV 89511

**Form 13F File Number:** 028-17960

**CRD Number (if applicable):** 000125678

**SEC File Number (if applicable):** 801-62043

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:** Shawn D. Young<br>**Title:** Chief Operating Officer<br>**Phone:** (559) 478-2565

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

Shawn D. Young  Fresno, CA  01-06-2023<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:** 174

**Form 13F Information Table Value Total:** $283179421

      (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 |  | 422984 | 3527 | SH |  | SOLE |  | 3527 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 5354611 | 48771 | SH |  | SOLE |  | 48771 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1962987 | 12146 | SH |  | SOLE |  | 12146 | 0 | 0 |
| ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 |  | 2531244 | 174088 | SH |  | SOLE |  | 172354 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 1820336 | 5409 | SH |  | SOLE |  | 5409 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 274232 | 1832 | SH |  | SOLE |  | 1832 | 0 | 0 |
| ALLSPRING GLOBAL DIVIDEND OP | COM | 94987C103 |  | 210257 | 48114 | SH |  | SOLE |  | 48114 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 377145 | 2781 | SH |  | SOLE |  | 2781 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2221274 | 25176 | SH |  | SOLE |  | 25176 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5701076 | 64252 | SH |  | SOLE |  | 64252 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3076452 | 36624 | SH |  | SOLE |  | 36624 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 645258 | 4367 | SH |  | SOLE |  | 4367 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1710904 | 8076 | SH |  | SOLE |  | 8076 | 0 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 312146 | 11026 | SH |  | SOLE |  | 11026 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3474371 | 13229 | SH |  | SOLE |  | 13229 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 39551977 | 304410 | SH |  | SOLE |  | 304410 | 0 | 0 |
| PUT 100 APPLE INC COM EXP 01-20-23@110.000 OPTION ROOT= AAPL | COM | 037833100 |  | 2598600 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| PUT 100 APPLE INC COM EXP 12-30-22@120.000 OPTION ROOT= AAPL | COM | 037833100 |  | 6496500 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 816806 | 12047 | SH |  | SOLE |  | 12047 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 542620 | 29474 | SH |  | SOLE |  | 29474 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 1107315 | 449 | SH |  | SOLE |  | 449 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 1166409 | 7221 | SH |  | SOLE |  | 7221 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1144371 | 34552 | SH |  | SOLE |  | 34552 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 306920 | 1207 | SH |  | SOLE |  | 1207 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 11938237 | 38648 | SH |  | SOLE |  | 38648 | 0 | 0 |
| BK OF AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 8611499 | 7424 | SH |  | SOLE |  | 7424 | 0 | 0 |
| BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 |  | 95749 | 10955 | SH |  | SOLE |  | 10955 | 0 | 0 |
| BLACKROCK CR ALLOCATION INCO | COM | 092508100 |  | 102305 | 10129 | SH |  | SOLE |  | 10129 | 0 | 0 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 |  | 529247 | 49278 | SH |  | SOLE |  | 49278 | 0 | 0 |
| BLACKROCK RES  COMMODITIES | SHS | 09257A108 |  | 818980 | 82144 | SH |  | SOLE |  | 82144 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 225010 | 3033 | SH |  | SOLE |  | 3033 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 401987 | 6397 | SH |  | SOLE |  | 6397 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 479946 | 2520 | SH |  | SOLE |  | 2520 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 522185 | 7258 | SH |  | SOLE |  | 7258 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1741529 | 3115 | SH |  | SOLE |  | 3115 | 0 | 0 |
| BUNGE LIMITED | COM | G16962105 |  | 231256 | 2318 | SH |  | SOLE |  | 2318 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2157563 | 9006 | SH |  | SOLE |  | 9006 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3631504 | 20232 | SH |  | SOLE |  | 20232 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2171185 | 4808 | SH |  | SOLE |  | 4808 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 823161 | 17279 | SH |  | SOLE |  | 17279 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 346342 | 2060 | SH |  | SOLE |  | 2060 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3116730 | 48997 | SH |  | SOLE |  | 48997 | 0 | 0 |
| COHEN  STEERS REIT  PFD | COM | 19247X100 |  | 1201937 | 58976 | SH |  | SOLE |  | 58976 | 0 | 0 |
| COHEN  STEERS TOTAL RETURN | COM | 19247R103 |  | 278087 | 22738 | SH |  | SOLE |  | 22738 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 383958 | 10980 | SH |  | SOLE |  | 10980 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 292184 | 3066 | SH |  | SOLE |  | 3066 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 7701754 | 16871 | SH |  | SOLE |  | 16871 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 1977977 | 14583 | SH |  | SOLE |  | 14583 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 664849 | 21461 | SH |  | SOLE |  | 21461 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 377989 | 4056 | SH |  | SOLE |  | 4056 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 239460 | 902 | SH |  | SOLE |  | 902 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 700356 | 1633 | SH |  | SOLE |  | 1633 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 335557 | 3347 | SH |  | SOLE |  | 3347 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 324187 | 9683 | SH |  | SOLE |  | 9683 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 1340305 | 55202 | SH |  | SOLE |  | 55202 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 334491 | 11003 | SH |  | SOLE |  | 11003 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2987414 | 34386 | SH |  | SOLE |  | 34386 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 286275 | 1163 | SH |  | SOLE |  | 1163 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 340025 | 6748 | SH |  | SOLE |  | 6748 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 731836 | 7106 | SH |  | SOLE |  | 7106 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 303437 | 10764 | SH |  | SOLE |  | 10764 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 485161 | 3091 | SH |  | SOLE |  | 3091 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 376127 | 5912 | SH |  | SOLE |  | 5912 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 531334 | 5531 | SH |  | SOLE |  | 5531 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 346903 | 530 | SH |  | SOLE |  | 530 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 541062 | 8376 | SH |  | SOLE |  | 8376 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 920554 | 15603 | SH |  | SOLE |  | 15603 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 625897 | 2953 | SH |  | SOLE |  | 2953 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 961736 | 8719 | SH |  | SOLE |  | 8719 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 271445 | 2687 | SH |  | SOLE |  | 2687 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 291994 | 1686 | SH |  | SOLE |  | 1686 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 387408 | 33311 | SH |  | SOLE |  | 33311 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1544191 | 31585 | SH |  | SOLE |  | 31585 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 1034181 | 10274 | SH |  | SOLE |  | 10274 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1341634 | 3907 | SH |  | SOLE |  | 3907 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 681613 | 2841 | SH |  | SOLE |  | 2841 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 1505283 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2808007 | 8890 | SH |  | SOLE |  | 8890 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 716293 | 3342 | SH |  | SOLE |  | 3342 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 328841 | 12238 | SH |  | SOLE |  | 12238 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 498911 | 18877 | SH |  | SOLE |  | 18877 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 548962 | 5351 | SH |  | SOLE |  | 5351 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 357709 | 2539 | SH |  | SOLE |  | 2539 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1177923 | 3026 | SH |  | SOLE |  | 3026 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 479753 | 1808 | SH |  | SOLE |  | 1808 | 0 | 0 |
| INVESCO CALIF VALUE MUN INCO | COM | 46132H106 |  | 204404 | 21562 | SH |  | SOLE |  | 21562 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 803884 | 3019 | SH |  | SOLE |  | 2919 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 2172433 | 43579 | SH |  | SOLE |  | 43579 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 211154 | 986 | SH |  | SOLE |  | 986 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2703121 | 15503 | SH |  | SOLE |  | 15403 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 330607 | 2518 | SH |  | SOLE |  | 2518 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 258062 | 742 | SH |  | SOLE |  | 742 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2304656 | 13046 | SH |  | SOLE |  | 13046 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2996488 | 22345 | SH |  | SOLE |  | 22345 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 259884 | 3648 | SH |  | SOLE |  | 3648 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 202565 | 9564 | SH |  | SOLE |  | 9564 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 289378 | 2333 | SH |  | SOLE |  | 2333 | 0 | 0 |
| LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 |  | 746796 | 131017 | SH |  | SOLE |  | 129665 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 810620 | 2216 | SH |  | SOLE |  | 2216 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1789688 | 3679 | SH |  | SOLE |  | 3679 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 349980 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 216202 | 1085 | SH |  | SOLE |  | 1085 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 2554374 | 7973 | SH |  | SOLE |  | 7973 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 254867 | 3070 | SH |  | SOLE |  | 3070 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2773129 | 7975 | SH |  | SOLE |  | 7975 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1721393 | 6532 | SH |  | SOLE |  | 6532 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 713882 | 6434 | SH |  | SOLE |  | 6434 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1770181 | 14710 | SH |  | SOLE |  | 14710 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 418958 | 12495 | SH |  | SOLE |  | 12495 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5232124 | 21817 | SH |  | SOLE |  | 21817 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 341098 | 1899 | SH |  | SOLE |  | 1899 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1499989 | 22505 | SH |  | SOLE |  | 22505 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 738731 | 1588 | SH |  | SOLE |  | 1588 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 638741 | 10411 | SH |  | SOLE |  | 10411 | 0 | 0 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 |  | 232385 | 5078 | SH |  | SOLE |  | 5078 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 615516 | 2087 | SH |  | SOLE |  | 2087 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 6568460 | 56136 | SH |  | SOLE |  | 56136 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1514578 | 2776 | SH |  | SOLE |  | 2776 | 0 | 0 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 |  | 620844 | 56084 | SH |  | SOLE |  | 56084 | 0 | 0 |
| NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 |  | 138032 | 11222 | SH |  | SOLE |  | 11222 | 0 | 0 |
| NUVEEN CALIFORNIA MUNI VLU F | COM STK | 67062C107 |  | 140575 | 16636 | SH |  | SOLE |  | 16636 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2691059 | 18414 | SH |  | SOLE |  | 18414 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 574602 | 7030 | SH |  | SOLE |  | 7030 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 341175 | 2445 | SH |  | SOLE |  | 2445 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 270996 | 2345 | SH |  | SOLE |  | 2345 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1069657 | 15019 | SH |  | SOLE |  | 15019 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 4930621 | 27292 | SH |  | SOLE |  | 27292 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 430741 | 8406 | SH |  | SOLE |  | 8406 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1219785 | 12052 | SH |  | SOLE |  | 12052 | 0 | 0 |
| PREDICTIVE ONCOLOGY INC | COM NEW | 74039M200 |  | 48903 | 159500 | SH |  | SOLE |  | 159500 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1944556 | 12830 | SH |  | SOLE |  | 12830 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 617086 | 5474 | SH |  | SOLE |  | 5474 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 919826 | 3283 | SH |  | SOLE |  | 3283 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 853403 | 8456 | SH |  | SOLE |  | 8456 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 1400000 | 22072 | SH |  | SOLE |  | 22072 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 910503 | 24918 | SH |  | SOLE |  | 24918 | 0 | 0 |
| ROYCE VALUE TR INC | COM | 780910105 |  | 2045689 | 154275 | SH |  | SOLE |  | 154275 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2903416 | 21898 | SH |  | SOLE |  | 21898 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 200118 | 714 | SH |  | SOLE |  | 714 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 295450 | 1912 | SH |  | SOLE |  | 1912 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 426320 | 1098 | SH |  | SOLE |  | 1098 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 698021 | 3055 | SH |  | SOLE |  | 3055 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 366857 | 5137 | SH |  | SOLE |  | 5137 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 266165 | 1569 | SH |  | SOLE |  | 1569 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6000406 | 15690 | SH |  | SOLE |  | 15690 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 7162004 | 72198 | SH |  | SOLE |  | 72198 | 0 | 0 |
| STORE CAP CORP | COM | 862121100 |  | 588029 | 18342 | SH |  | SOLE |  | 18342 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 209171 | 856 | SH |  | SOLE |  | 856 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 806991 | 5643 | SH |  | SOLE |  | 5643 | 0 | 0 |
| SUPER LEAGUE GAMING INC | COM | 86804F202 |  | 11100 | 32995 | SH |  | SOLE |  | 32995 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 543990 | 3650 | SH |  | SOLE |  | 3650 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 509226 | 4134 | SH |  | SOLE |  | 4134 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 984814 | 5961 | SH |  | SOLE |  | 5961 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 576808 | 7246 | SH |  | SOLE |  | 7246 | 0 | 0 |
| TRI CONTL CORP | COM | 895436103 |  | 1554067 | 60635 | SH |  | SOLE |  | 60635 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 502661 | 2892 | SH |  | SOLE |  | 2892 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 308505 | 868 | SH |  | SOLE |  | 868 | 0 | 0 |
| UNITED SEC BANCSHARES CALIF | COM | 911460103 |  | 123912 | 16951 | SH |  | SOLE |  | 16951 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2474078 | 4666 | SH |  | SOLE |  | 4666 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 226147 | 8191 | SH |  | SOLE |  | 8191 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 565805 | 1610 | SH |  | SOLE |  | 1510 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 204450 | 4377 | SH |  | SOLE |  | 4377 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 3375349 | 57718 | SH |  | SOLE |  | 57718 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 325624 | 1019 | SH |  | SOLE |  | 1019 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 885085 | 22464 | SH |  | SOLE |  | 22464 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 1163412 | 35908 | SH |  | SOLE |  | 35908 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 4460089 | 21468 | SH |  | SOLE |  | 21468 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1385398 | 9771 | SH |  | SOLE |  | 9771 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2680942 | 17089 | SH |  | SOLE |  | 17089 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 410491 | 9942 | SH |  | SOLE |  | 9942 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 10341271 | 8727 | SH |  | SOLE |  | 8727 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 1681182 | 21512 | SH |  | SOLE |  | 21512 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 964460 | 7530 | SH |  | SOLE |  | 7530 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 255016 | 1740 | SH |  | SOLE |  | 1740 | 0 | 0 |

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