# EDGAR Filing Document

**Accession Number:** 0000797203
**File Stem:** 0000797203-26-000001
**Filing Date:** 2026-1
**Character Count:** 22971
**Document Hash:** 2519cee378e439707e186b315e98d93b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000797203-26-000001.hdr.sgml**: 20260112

**ACCESSION NUMBER**: 0000797203-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260112

**DATE AS OF CHANGE**: 20260112

**EFFECTIVENESS DATE**: 20260112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CULLEN INVESTMENT GROUP, LTD.
- **CENTRAL INDEX KEY:** 0000797203

**ORGANIZATION NAME:**
- **EIN:** 721088646
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23554
- **FILM NUMBER:** 26525749

**BUSINESS ADDRESS:**
- **STREET 1:** 1404 SOUTH COLLEGE RD.
- **CITY:** LAFAYETTE
- **STATE:** LA
- **ZIP:** 70503
- **BUSINESS PHONE:** 337-237-8000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 53669
- **CITY:** LAFAYETTE
- **STATE:** LA
- **ZIP:** 70505-3669

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CULLEN SECURITIES /BD/
- **DATE OF NAME CHANGE:** 19870514

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CULLEN INVESTMENT GROUP LTD                             /BD
- **DATE OF NAME CHANGE:** 19860715

### 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:** CULLEN INVESTMENT GROUP LTD.<br>**Address:** PO BOX 53669<br>LAFAYETTE, LA 70505-3669

**Form 13F File Number:** 028-23554

**CRD Number (if applicable):** 000018266

**SEC File Number (if applicable):** 801-61265

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:** Stephen Nickel<br>**Title:** Vice-President<br>**Phone:** 337-237-8000

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

Stephen Nickel  Lafayette, LA  01-12-2026<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:** 176

**Form 13F Information Table Value Total:** $771357436

      (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 | Equities | 002824100 |  | 439001 | 3486 | SH |  | SOLE |  | 0 | 0 | 3486 |
| ABBVIE INCORPORATED | Equities | 00287Y109 |  | 2828627 | 12853 | SH |  | SOLE |  | 0 | 0 | 12853 |
| ADAM NAT RES FD INCORPORATED | Equities | 00548F105 |  | 614291 | 27399 | SH |  | SOLE |  | 0 | 0 | 27399 |
| ADVANCED MICRO DEVICES INCORPORATED | Equities | 007903107 |  | 3285665 | 16172 | SH |  | SOLE |  | 0 | 0 | 16172 |
| AIR PRODUCTS  CHEMICALS INCORPORATED | Equities | 009158106 |  | 201021 | 762 | SH |  | SOLE |  | 0 | 0 | 762 |
| ALLSTATE CORPORATION | Equities | 020002101 |  | 1701915 | 8020 | SH |  | SOLE |  | 0 | 0 | 8020 |
| ALPHABET INCORPORATED CAP STK CLASS A | Equities | 02079K305 |  | 3370090 | 10257 | SH |  | SOLE |  | 0 | 0 | 10257 |
| ALPHABET INCORPORATED CAP STK CLASS C | Equities | 02079K107 |  | 36154362 | 109845 | SH |  | SOLE |  | 0 | 0 | 109845 |
| AMAZON COM INCORPORATED | Equities | 023135106 |  | 15351413 | 62056 | SH |  | SOLE |  | 0 | 0 | 62056 |
| AMERICAN EXPRESS COMPANY | Equities | 025816109 |  | 4006612 | 10667 | SH |  | SOLE |  | 0 | 0 | 10667 |
| AMGEN INCORPORATED | Equities | 031162100 |  | 2515050 | 7713 | SH |  | SOLE |  | 0 | 0 | 7713 |
| ANALOG DEVICES INCORPORATED | Equities | 032654105 |  | 10580077 | 35161 | SH |  | SOLE |  | 0 | 0 | 35161 |
| APA CORPORATION | Equities | 03743Q108 |  | 273926 | 10870 | SH |  | SOLE |  | 0 | 0 | 10870 |
| APPLE INCORPORATED | Equities | 037833100 |  | 50828224 | 195969 | SH |  | SOLE |  | 0 | 0 | 195969 |
| APPLIED MATLS INCORPORATED | Equities | 038222105 |  | 3686184 | 12239 | SH |  | SOLE |  | 0 | 0 | 12239 |
| AT INCORPORATED | Equities | 00206R102 |  | 1410069 | 58777 | SH |  | SOLE |  | 0 | 0 | 58777 |
| ATLANTA BRAVES HLDGS INCORPORATED COM SER A | Equities | 047726104 |  | 228006 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| ATMOS ENERGY CORPORATION | Equities | 049560105 |  | 247985 | 1487 | SH |  | SOLE |  | 0 | 0 | 1487 |
| BAKER HUGHES COMPANY CLASS A | Equities | 05722G100 |  | 212562 | 4254 | SH |  | SOLE |  | 0 | 0 | 4254 |
| BANK AMERICA CORPORATION | Equities | 060505104 |  | 4468631 | 80011 | SH |  | SOLE |  | 0 | 0 | 80011 |
| BANK NEW YORK MELLON CORPORATION | Equities | 064058100 |  | 4610398 | 38730 | SH |  | SOLE |  | 0 | 0 | 38730 |
| BECTON DICKINSON  COMPANY | Equities | 075887109 |  | 3699933 | 18249 | SH |  | SOLE |  | 0 | 0 | 18249 |
| BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW | Equities | 084670702 |  | 50282131 | 100745 | SH |  | SOLE |  | 0 | 0 | 100745 |
| BLACK STONE MINERALS L P COM UNIT | Equities | 09225M101 |  | 225227 | 16392 | SH |  | SOLE |  | 0 | 0 | 16392 |
| BLACKROCK INCORPORATED | Equities | 09290D101 |  | 3710882 | 3420 | SH |  | SOLE |  | 0 | 0 | 3420 |
| BLACKSTONE INCORPORATED | Equities | 09260D107 |  | 832860 | 5284 | SH |  | SOLE |  | 0 | 0 | 5284 |
| BOEING COMPANY | Equities | 097023105 |  | 457301 | 1950 | SH |  | SOLE |  | 0 | 0 | 1950 |
| BOOKING HOLDINGS INCORPORATED | Equities | 09857L108 |  | 6579790 | 1198 | SH |  | SOLE |  | 0 | 0 | 1198 |
| BORGWARNER INCORPORATED | Equities | 099724106 |  | 291382 | 6112 | SH |  | SOLE |  | 0 | 0 | 6112 |
| BROADCOM INCORPORATED | Equities | 11135F101 |  | 23830061 | 69108 | SH |  | SOLE |  | 0 | 0 | 69108 |
| CANADIAN NATL RY COMPANY | Equities | 136375102 |  | 220524 | 2229 | SH |  | SOLE |  | 0 | 0 | 2229 |
| CANADIAN PACIFIC KANSAS CITY | Equities | 13646K108 |  | 1994204 | 27864 | SH |  | SOLE |  | 0 | 0 | 27864 |
| CATERPILLAR INCORPORATED | Equities | 149123101 |  | 5319120 | 8612 | SH |  | SOLE |  | 0 | 0 | 8612 |
| CENCORA INCORPORATED | Equities | 03073E105 |  | 1042026 | 3104 | SH |  | SOLE |  | 0 | 0 | 3104 |
| CHEVRON CORPORATION NEW | Equities | 166764100 |  | 3528870 | 21768 | SH |  | SOLE |  | 0 | 0 | 21768 |
| CLEVELAND-CLIFFS INCORPORATED NEW | Equities | 185899101 |  | 792002 | 62069 | SH |  | SOLE |  | 0 | 0 | 62069 |
| CME GROUP INCORPORATED | Equities | 12572Q105 |  | 6476007 | 24666 | SH |  | SOLE |  | 0 | 0 | 24666 |
| CNH INDL N V SHS | Equities | N20944109 |  | 765259 | 75099 | SH |  | SOLE |  | 0 | 0 | 75099 |
| COCA COLA COMPANY | Equities | 191216100 |  | 911899 | 12933 | SH |  | SOLE |  | 0 | 0 | 12933 |
| COMCAST CORP NEW CLASS A | Equities | 20030N101 |  | 7079853 | 249554 | SH |  | SOLE |  | 0 | 0 | 249554 |
| CONOCOPHILLIPS | Equities | 20825C104 |  | 3506801 | 35964 | SH |  | SOLE |  | 0 | 0 | 35964 |
| CONRAD INDUSTRIES INCORPORATED | Equities | 208305102 |  | 571410 | 21171 | SH |  | SOLE |  | 0 | 0 | 21171 |
| CORNING INCORPORATED | Equities | 219350105 |  | 5751012 | 67476 | SH |  | SOLE |  | 0 | 0 | 67476 |
| COSTCO WHOLESALE CORPORATION NEW | Equities | 22160K105 |  | 243429 | 263 | SH |  | SOLE |  | 0 | 0 | 263 |
| CREDO TECHNOLOGY GROUP HOLDING ORDINARY SHARES | Equities | G25457105 |  | 978181 | 6503 | SH |  | SOLE |  | 0 | 0 | 6503 |
| CSX CORPORATION | Equities | 126408103 |  | 1120798 | 31841 | SH |  | SOLE |  | 0 | 0 | 31841 |
| CUMMINS INCORPORATED | Equities | 231021106 |  | 8335913 | 15099 | SH |  | SOLE |  | 0 | 0 | 15099 |
| CVS HEALTH CORPORATION | Equities | 126650100 |  | 607814 | 7569 | SH |  | SOLE |  | 0 | 0 | 7569 |
| DARDEN RESTAURANTS INCORPORATED | Equities | 237194105 |  | 4335130 | 21423 | SH |  | SOLE |  | 0 | 0 | 21423 |
| DEERE  COMPANY | Equities | 244199105 |  | 10875590 | 22282 | SH |  | SOLE |  | 0 | 0 | 22282 |
| DEVON ENERGY CORPORATION NEW | Equities | 25179M103 |  | 677801 | 18954 | SH |  | SOLE |  | 0 | 0 | 18954 |
| DIAMONDBACK ENERGY INCORPORATED | Equities | 25278X109 |  | 1640349 | 11128 | SH |  | SOLE |  | 0 | 0 | 11128 |
| DISNEY WALT COMPANY | Equities | 254687106 |  | 3653961 | 31532 | SH |  | SOLE |  | 0 | 0 | 31532 |
| EATON CORPORATION PLC SHS | Equities | G29183103 |  | 19325333 | 59561 | SH |  | SOLE |  | 0 | 0 | 59561 |
| EBAY INCORPORATED. | Equities | 278642103 |  | 358042 | 3938 | SH |  | SOLE |  | 0 | 0 | 3938 |
| ECOLAB INCORPORATED | Equities | 278865100 |  | 1315440 | 4841 | SH |  | SOLE |  | 0 | 0 | 4841 |
| EDWARDS LIFESCIENCES CORPORATION | Equities | 28176E108 |  | 744036 | 8740 | SH |  | SOLE |  | 0 | 0 | 8740 |
| ELI LILLY  COMPANY | Equities | 532457108 |  | 12813898 | 12048 | SH |  | SOLE |  | 0 | 0 | 12048 |
| EMERSON ELEC COMPANY | Equities | 291011104 |  | 233285 | 1618 | SH |  | SOLE |  | 0 | 0 | 1618 |
| ENBRIDGE INCORPORATED | Equities | 29250N105 |  | 2532503 | 55501 | SH |  | SOLE |  | 0 | 0 | 55501 |
| ENERGY TRANSFER L P COM UT LTD PTN | Equities | 29273V100 |  | 1143104 | 67400 | SH |  | SOLE |  | 0 | 0 | 67400 |
| ENTERPRISE PRODUCTS PARTNERS L P | Equities | 293792107 |  | 8243108 | 257276 | SH |  | SOLE |  | 0 | 0 | 257276 |
| EXXON MOBIL CORPORATION | Equities | 30231G102 |  | 13625243 | 109357 | SH |  | SOLE |  | 0 | 0 | 109357 |
| FEDEX CORPORATION | Equities | 31428X106 |  | 202898 | 650 | SH |  | SOLE |  | 0 | 0 | 650 |
| FIDELITY NATL INFORMATION SVCS | Equities | 31620M106 |  | 1922895 | 28760 | SH |  | SOLE |  | 0 | 0 | 28760 |
| FIRST GTY BANCSHARES INCORPORATED | Equities | 32043P106 |  | 562959 | 74074 | SH |  | SOLE |  | 0 | 0 | 74074 |
| FIRST HORIZON CORPORATION | Equities | 320517105 |  | 475643 | 19438 | SH |  | SOLE |  | 0 | 0 | 19438 |
| GARMIN LIMITED SHS | Equities | H2906T109 |  | 5968630 | 28121 | SH |  | SOLE |  | 0 | 0 | 28121 |
| GE AEROSPACE COM NEW | Equities | 369604301 |  | 1431725 | 4452 | SH |  | SOLE |  | 0 | 0 | 4452 |
| GE VERNOVA INCORPORATED | Equities | 36828A101 |  | 615739 | 989 | SH |  | SOLE |  | 0 | 0 | 989 |
| GENERAL DYNAMICS CORPORATION | Equities | 369550108 |  | 6889178 | 19467 | SH |  | SOLE |  | 0 | 0 | 19467 |
| GILEAD SCIENCES INCORPORATED | Equities | 375558103 |  | 1557342 | 12860 | SH |  | SOLE |  | 0 | 0 | 12860 |
| GREENBRIER COMPANIES INCORPORATED | Equities | 393657101 |  | 926590 | 19360 | SH |  | SOLE |  | 0 | 0 | 19360 |
| HALLIBURTON COMPANY | Equities | 406216101 |  | 432598 | 13258 | SH |  | SOLE |  | 0 | 0 | 13258 |
| HOME BANCORP INCORPORATED | Equities | 43689E107 |  | 1173701 | 19826 | SH |  | SOLE |  | 0 | 0 | 19826 |
| HOME DEPOT INCORPORATED | Equities | 437076102 |  | 6133508 | 16380 | SH |  | SOLE |  | 0 | 0 | 16380 |
| HONEYWELL INTERNATIONAL INCORPORATED | Equities | 438516106 |  | 322631 | 1556 | SH |  | SOLE |  | 0 | 0 | 1556 |
| HOWMET AEROSPACE INCORPORATED | Equities | 443201108 |  | 2038189 | 9338 | SH |  | SOLE |  | 0 | 0 | 9338 |
| I3 VERTICALS INCORPORATED COM CLASS A | Equities | 46571Y107 |  | 676561 | 24656 | SH |  | SOLE |  | 0 | 0 | 24656 |
| ICON PLC SHS | Equities | G4705A100 |  | 394139 | 2173 | SH |  | SOLE |  | 0 | 0 | 2173 |
| ILLINOIS TOOL WKS INCORPORATED | Equities | 452308109 |  | 380918 | 1493 | SH |  | SOLE |  | 0 | 0 | 1493 |
| INTERNATIONAL BUSINESS MACHINES | Equities | 459200101 |  | 1333673 | 4384 | SH |  | SOLE |  | 0 | 0 | 4384 |
| INVESCO QQQ TR | Equities | 46090E103 |  | 276815 | 442 | SH |  | SOLE |  | 0 | 0 | 442 |
| IQVIA HLDGS INCORPORATED | Equities | 46266C105 |  | 5076308 | 20941 | SH |  | SOLE |  | 0 | 0 | 20941 |
| IRIDIUM COMMUNICATIONS INCORPORATED | Equities | 46269C102 |  | 470439 | 24325 | SH |  | SOLE |  | 0 | 0 | 24325 |
| ISHARES TR CORE S TTL STK | Equities | 464287150 |  | 579434 | 3816 | SH |  | SOLE |  | 0 | 0 | 3816 |
| ISHARES TR CORE S ETF | Equities | 464287200 |  | 1012748 | 1453 | SH |  | SOLE |  | 0 | 0 | 1453 |
| JOHNSON  JOHNSON | Equities | 478160104 |  | 5210563 | 25493 | SH |  | SOLE |  | 0 | 0 | 25493 |
| JOHNSON CONTROLS INTERNATIONAL PLC SHS | Equities | G51502105 |  | 9145423 | 82499 | SH |  | SOLE |  | 0 | 0 | 82499 |
| JPMORGAN CHASE  COMPANY. | Equities | 46625H100 |  | 31977242 | 97138 | SH |  | SOLE |  | 0 | 0 | 97138 |
| KEURIG DR PEPPER INCORPORATED | Equities | 49271V100 |  | 416009 | 14970 | SH |  | SOLE |  | 0 | 0 | 14970 |
| KIMBERLY-CLARK CORPORATION | Equities | 494368103 |  | 383706 | 3919 | SH |  | SOLE |  | 0 | 0 | 3919 |
| KINDER MORGAN INCORPORATED DEL | Equities | 49456B101 |  | 1419427 | 52339 | SH |  | SOLE |  | 0 | 0 | 52339 |
| L3HARRIS TECHNOLOGIES INCORPORATED | Equities | 502431109 |  | 1869806 | 5569 | SH |  | SOLE |  | 0 | 0 | 5569 |
| LIBERTY LATIN AMERICA LIMITED COM CLASS C | Equities | G9001E128 |  | 215516 | 30100 | SH |  | SOLE |  | 0 | 0 | 30100 |
| LOCKHEED MARTIN CORPORATION | Equities | 539830109 |  | 464923 | 856 | SH |  | SOLE |  | 0 | 0 | 856 |
| LOWES COMPANIES INCORPORATED | Equities | 548661107 |  | 6183560 | 23141 | SH |  | SOLE |  | 0 | 0 | 23141 |
| MADISON SQUARE GARDEN ENTERTAINMENT COM CLASS A | Equities | 558256103 |  | 242044 | 4400 | SH |  | SOLE |  | 0 | 0 | 4400 |
| MARATHON PETE CORPORATION | Equities | 56585A102 |  | 1742347 | 9890 | SH |  | SOLE |  | 0 | 0 | 9890 |
| MASTERCARD INCORPORATED CLASS A | Equities | 57636Q104 |  | 3664903 | 6368 | SH |  | SOLE |  | 0 | 0 | 6368 |
| MCCORMICK  COMPANY INCORPORATED COM NON VTG | Equities | 579780206 |  | 3284823 | 48506 | SH |  | SOLE |  | 0 | 0 | 48506 |
| MCDONALDS CORPORATION | Equities | 580135101 |  | 582362 | 1895 | SH |  | SOLE |  | 0 | 0 | 1895 |
| MCKESSON CORPORATION | Equities | 58155Q103 |  | 3811230 | 4670 | SH |  | SOLE |  | 0 | 0 | 4670 |
| MEDTRONIC PLC SHS | Equities | G5960L103 |  | 10191256 | 104479 | SH |  | SOLE |  | 0 | 0 | 104479 |
| MERCK  COMPANY INCORPORATED | Equities | 58933Y105 |  | 13001569 | 117623 | SH |  | SOLE |  | 0 | 0 | 117623 |
| META PLATFORMS INCORPORATED CLASS A | Equities | 30303M102 |  | 9340717 | 14303 | SH |  | SOLE |  | 0 | 0 | 14303 |
| MICRON TECHNOLOGY INCORPORATED | Equities | 595112103 |  | 345090 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| MICROSOFT CORPORATION | Equities | 594918104 |  | 40009341 | 83479 | SH |  | SOLE |  | 0 | 0 | 83479 |
| MONDELEZ INTERNATIONAL INCORPORATED CLASS A | Equities | 609207105 |  | 771339 | 14001 | SH |  | SOLE |  | 0 | 0 | 14001 |
| MOTOROLA SOLUTIONS INCORPORATED COM NEW | Equities | 620076307 |  | 6077978 | 15865 | SH |  | SOLE |  | 0 | 0 | 15865 |
| NATHANS FAMOUS INCORPORATED NEW | Equities | 632347100 |  | 955708 | 10531 | SH |  | SOLE |  | 0 | 0 | 10531 |
| NATIONAL FUEL GAS COMPANY | Equities | 636180101 |  | 2058490 | 26266 | SH |  | SOLE |  | 0 | 0 | 26266 |
| NESTLE S A SPONSORED ADR | Equities | 641069406 |  | 510303 | 5420 | SH |  | SOLE |  | 0 | 0 | 5420 |
| NORFOLK SOUTHN CORPORATION | Equities | 655844108 |  | 285487 | 994 | SH |  | SOLE |  | 0 | 0 | 994 |
| NOVARTIS AG SPONSORED ADR | Equities | 66987V109 |  | 4656288 | 32897 | SH |  | SOLE |  | 0 | 0 | 32897 |
| NVIDIA CORPORATION | Equities | 67066G104 |  | 19961550 | 107982 | SH |  | SOLE |  | 0 | 0 | 107982 |
| NXP SEMICONDUCTORS N V | Equities | N6596X109 |  | 1189323 | 4932 | SH |  | SOLE |  | 0 | 0 | 4932 |
| OCCIDENTAL PETE CORPORATION | Equities | 674599105 |  | 575228 | 13421 | SH |  | SOLE |  | 0 | 0 | 13421 |
| ONEOK INCORPORATED NEW | Equities | 682680103 |  | 1067552 | 14684 | SH |  | SOLE |  | 0 | 0 | 14684 |
| ORACLE CORPORATION | Equities | 68389X105 |  | 492943 | 2483 | SH |  | SOLE |  | 0 | 0 | 2483 |
| OREILLY AUTOMOTIVE INCORPORATED | Equities | 67103H107 |  | 1450617 | 15465 | SH |  | SOLE |  | 0 | 0 | 15465 |
| PARAMOUNT SKYDANCE CORPORATION COM CLASS B | Equities | 69932A204 |  | 267619 | 22191 | SH |  | SOLE |  | 0 | 0 | 22191 |
| PAYPAL HLDGS INCORPORATED | Equities | 70450Y103 |  | 283774 | 4921 | SH |  | SOLE |  | 0 | 0 | 4921 |
| PEPSICO INCORPORATED | Equities | 713448108 |  | 7509896 | 53680 | SH |  | SOLE |  | 0 | 0 | 53680 |
| PFIZER INCORPORATED | Equities | 717081103 |  | 481521 | 18898 | SH |  | SOLE |  | 0 | 0 | 18898 |
| PHILIP MORRIS INTERNATIONAL INCORPORATED | Equities | 718172109 |  | 10659783 | 65554 | SH |  | SOLE |  | 0 | 0 | 65554 |
| PHILLIPS 66 | Equities | 718546104 |  | 232452 | 1635 | SH |  | SOLE |  | 0 | 0 | 1635 |
| POOL CORPORATION | Equities | 73278L105 |  | 2613413 | 10359 | SH |  | SOLE |  | 0 | 0 | 10359 |
| PRICE T ROWE GROUP INCORPORATED | Equities | 74144T108 |  | 1358833 | 12663 | SH |  | SOLE |  | 0 | 0 | 12663 |
| PROCTER AND GAMBLE COMPANY | Equities | 742718109 |  | 3293307 | 23214 | SH |  | SOLE |  | 0 | 0 | 23214 |
| PROGRESSIVE CORPORATION | Equities | 743315103 |  | 1605672 | 7463 | SH |  | SOLE |  | 0 | 0 | 7463 |
| PUBLIC SVC ENTERPRISE GRP INCORPORATED | Equities | 744573106 |  | 2875880 | 36567 | SH |  | SOLE |  | 0 | 0 | 36567 |
| QUALCOMM INCORPORATED | Equities | 747525103 |  | 1903822 | 10709 | SH |  | SOLE |  | 0 | 0 | 10709 |
| RAYMOND JAMES FINL INCORPORATED | Equities | 754730109 |  | 4052657 | 24165 | SH |  | SOLE |  | 0 | 0 | 24165 |
| REALTY INCOME CORPORATION REIT | Equities | 756109104 |  | 8491863 | 145978 | SH |  | SOLE |  | 0 | 0 | 145978 |
| REPUBLIC SVCS INCORPORATED | Equities | 760759100 |  | 1232729 | 5809 | SH |  | SOLE |  | 0 | 0 | 5809 |
| RESTAURANT BRANDS INTERNATIONAL INCORPORATED | Equities | 76131D103 |  | 622098 | 9016 | SH |  | SOLE |  | 0 | 0 | 9016 |
| RTX CORPORATION | Equities | 75513E101 |  | 1756857 | 9320 | SH |  | SOLE |  | 0 | 0 | 9320 |
| SALESFORCE INCORPORATED | Equities | 79466L302 |  | 3232996 | 12437 | SH |  | SOLE |  | 0 | 0 | 12437 |
| SCHWAB CHARLES CORPORATION | Equities | 808513105 |  | 7460552 | 74479 | SH |  | SOLE |  | 0 | 0 | 74479 |
| SCOTTS MIRACLE-GRO COMPANY CLASS A | Equities | 810186106 |  | 402255 | 6512 | SH |  | SOLE |  | 0 | 0 | 6512 |
| SEI INVTS COMPANY | Equities | 784117103 |  | 291176 | 3356 | SH |  | SOLE |  | 0 | 0 | 3356 |
| SHELL PLC SPON ADS | Equities | 780259305 |  | 1246179 | 17594 | SH |  | SOLE |  | 0 | 0 | 17594 |
| SHERWIN WILLIAMS COMPANY | Equities | 824348106 |  | 282369 | 799 | SH |  | SOLE |  | 0 | 0 | 799 |
| SMUCKER J M COMPANY COM NEW | Equities | 832696405 |  | 632889 | 6292 | SH |  | SOLE |  | 0 | 0 | 6292 |
| SOUTHERN COMPANY | Equities | 842587107 |  | 6787006 | 78000 | SH |  | SOLE |  | 0 | 0 | 78000 |
| ST JOE COMPANY | Equities | 790148100 |  | 321320 | 5036 | SH |  | SOLE |  | 0 | 0 | 5036 |
| STARBUCKS CORPORATION | Equities | 855244109 |  | 6262190 | 70457 | SH |  | SOLE |  | 0 | 0 | 70457 |
| STATE STREET SPDR PORTFOLIO S ETF | Equities | 78464A854 |  | 775770 | 9500 | SH |  | SOLE |  | 0 | 0 | 9500 |
| STRYKER CORPORATION | Equities | 863667101 |  | 3637132 | 9896 | SH |  | SOLE |  | 0 | 0 | 9896 |
| SUNCOR ENERGY INCORPORATED NEW | Equities | 867224107 |  | 1463399 | 31343 | SH |  | SOLE |  | 0 | 0 | 31343 |
| TARGET CORPORATION | Equities | 87612E106 |  | 422855 | 4007 | SH |  | SOLE |  | 0 | 0 | 4007 |
| TESLA INCORPORATED | Equities | 88160R101 |  | 1530834 | 3440 | SH |  | SOLE |  | 0 | 0 | 3440 |
| THOR INDUSTRIES INCORPORATED | Equities | 885160101 |  | 288234 | 2620 | SH |  | SOLE |  | 0 | 0 | 2620 |
| TJX COMPANIES INCORPORATED NEW | Equities | 872540109 |  | 561937 | 3561 | SH |  | SOLE |  | 0 | 0 | 3561 |
| TRACTOR SUPPLY COMPANY | Equities | 892356106 |  | 346269 | 6722 | SH |  | SOLE |  | 0 | 0 | 6722 |
| TRANE TECHNOLOGIES PLC SHS | Equities | G8994E103 |  | 7798251 | 20430 | SH |  | SOLE |  | 0 | 0 | 20430 |
| TRINITY INDUSTRIES INCORPORATED | Equities | 896522109 |  | 359409 | 12691 | SH |  | SOLE |  | 0 | 0 | 12691 |
| UNILEVER PLC SPON ADR NEW | Equities | 904767803 |  | 5003299 | 77933 | SH |  | SOLE |  | 0 | 0 | 77933 |
| UNION PAC CORPORATION | Equities | 907818108 |  | 8556061 | 37453 | SH |  | SOLE |  | 0 | 0 | 37453 |
| UNITED PARCEL SERVICE INCORPORATED CLASS B | Equities | 911312106 |  | 4993423 | 46217 | SH |  | SOLE |  | 0 | 0 | 46217 |
| UNITEDHEALTH GROUP INCORPORATED | Equities | 91324P102 |  | 2784344 | 8092 | SH |  | SOLE |  | 0 | 0 | 8092 |
| VANGUARD INDEX FUNDS S 500 ETF SHS NEW | Equities | 922908363 |  | 1373643 | 2152 | SH |  | SOLE |  | 0 | 0 | 2152 |
| VEEVA SYSTEMS INCORPORATED CLASS A COM | Equities | 922475108 |  | 1461851 | 6088 | SH |  | SOLE |  | 0 | 0 | 6088 |
| VERIZON COMMUNICATIONS INCORPORATED | Equities | 92343V104 |  | 4094869 | 101202 | SH |  | SOLE |  | 0 | 0 | 101202 |
| VISA INCORPORATED COM CLASS A | Equities | 92826C839 |  | 10414089 | 29774 | SH |  | SOLE |  | 0 | 0 | 29774 |
| WALMART INCORPORATED | Equities | 931142103 |  | 34426224 | 300619 | SH |  | SOLE |  | 0 | 0 | 300619 |
| WARNER BROS DISCOVERY INCORPORATED COM SER A | Equities | 934423104 |  | 1413062 | 48920 | SH |  | SOLE |  | 0 | 0 | 48920 |
| WD 40 COMPANY | Equities | 929236107 |  | 354121 | 1864 | SH |  | SOLE |  | 0 | 0 | 1864 |
| WELLS FARGO COMPANY NEW | Equities | 949746101 |  | 8751358 | 91207 | SH |  | SOLE |  | 0 | 0 | 91207 |
| WENDYS COMPANY | Equities | 95058W100 |  | 197216 | 22800 | SH |  | SOLE |  | 0 | 0 | 22800 |
| WEYERHAEUSER COMPANY MTN BE COM NEW REIT | Equities | 962166104 |  | 895628 | 34809 | SH |  | SOLE |  | 0 | 0 | 34809 |
| WILLIAMS SONOMA INCORPORATED | Equities | 969904101 |  | 248806 | 1250 | SH |  | SOLE |  | 0 | 0 | 1250 |
| WOODWARD INCORPORATED | Equities | 980745103 |  | 386565 | 1201 | SH |  | SOLE |  | 0 | 0 | 1201 |
| XYLEM INCORPORATED | Equities | 98419M100 |  | 346068 | 2477 | SH |  | SOLE |  | 0 | 0 | 2477 |
| YUM BRANDS INCORPORATED | Equities | 988498101 |  | 216066 | 1389 | SH |  | SOLE |  | 0 | 0 | 1389 |

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