# EDGAR Filing Document

**Accession Number:** 0000859872
**File Stem:** 0000859872-25-000003
**Filing Date:** 2025-7
**Character Count:** 31185
**Document Hash:** fcee8890a9999008618c325e77ff1921
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000859872-25-000003.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0000859872-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**EFFECTIVENESS DATE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KLINGENSTEIN FIELDS & CO LP
- **CENTRAL INDEX KEY:** 0000859872

**ORGANIZATION NAME:**
- **EIN:** 133479093
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-02588
- **FILM NUMBER:** 251164926

**BUSINESS ADDRESS:**
- **STREET 1:** 125 PARK AVENUE
- **STREET 2:** SUITE 1700
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2124927000

**MAIL ADDRESS:**
- **STREET 1:** 125 PARK AVENUE
- **STREET 2:** SUITE 1700
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KLINGENSTEIN, FIELDS & CO., L.P.
- **DATE OF NAME CHANGE:** 20201009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KLINGENSTEIN FIELDS & CO LLC
- **DATE OF NAME CHANGE:** 19990325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KLINGENSTEIN FIELDS & CO L P
- **DATE OF NAME CHANGE:** 19980824

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** KLINGENSTEIN FIELDS  CO LP<br>**Address:** 125 PARK AVENUE<br>SUITE 1700<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-02588

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:** Maria Chambers<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-492-6169

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

Maria Chambers  New York, NY  07-30-2025<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:** 1

**Form 13F Information Table Entry Total:** 276

**Form 13F Information Table Value Total:** $2525790601

      (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.]

| No.   | Name                | Form 13F File Number   |
|:---|:---|:---|
|  | BRANDYWINE TRUST CO | 028-06291              |

### 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 |
| 2023 ETF SERIES TRUST | EAGLE CAPITAL SE | 88339Y102 |  | 1985291 | 65782 | SH |  | SOLE | 0 | 61946 | 0 | 3835 |
| 3M CO | COM | 88579Y101 |  | 66377 | 436 | SH |  | DFND | 1 | 436 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 18375368 | 120700 | SH |  | SOLE | 0 | 120700 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 3561014 | 26182 | SH |  | DFND | 1 | 26182 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 136010 | 1000 | SH |  | OTR | 3 | 1000 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 12042055 | 88538 | SH |  | SOLE | 0 | 77241 | 0 | 11297 |
| ABBVIE INC | COM | 00287Y109 |  | 994181 | 5356 | SH |  | SOLE | 0 | 5356 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4658500 | 15586 | SH |  | DFND | 1 | 15586 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 14249581 | 47675 | SH |  | SOLE | 0 | 43397 | 0 | 4278 |
| ADOBE INC | COM | 00724F101 |  | 2244678 | 5802 | SH |  | DFND | 1 | 5802 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 7744951 | 20019 | SH |  | SOLE | 0 | 17919 | 0 | 2100 |
| AEROVIRONMENT INC | COM | 008073108 |  | 284950 | 1000 | SH |  | SOLE | 0 | 1000 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 263162 | 933 | SH |  | SOLE | 0 | 933 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 1477708 | 11166 | SH |  | DFND | 1 | 11166 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 3140561 | 23731 | SH |  | SOLE | 0 | 23706 | 0 | 25 |
| ALLSTATE CORP | COM | 020002101 |  | 2707016 | 13447 | SH |  | SOLE | 0 | 13447 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 13943741 | 78605 | SH |  | DFND | 1 | 78605 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 159651 | 900 | SH |  | OTR | 3 | 900 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 19101710 | 107682 | SH |  | SOLE | 0 | 94382 | 0 | 13300 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 25995335 | 147508 | SH |  | DFND | 1 | 147508 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 176230 | 1000 | SH |  | OTR | 3 | 1000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 52871291 | 300013 | SH |  | SOLE | 0 | 278284 | 0 | 21729 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 900850 | 15365 | SH |  | SOLE | 0 | 15365 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 28039578 | 127807 | SH |  | DFND | 1 | 127807 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 52725121 | 240326 | SH |  | SOLE | 0 | 214727 | 0 | 25599 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 10594283 | 33213 | SH |  | DFND | 1 | 33213 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1740082 | 5455 | SH |  | SOLE | 0 | 5455 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 9709630 | 43931 | SH |  | DFND | 1 | 43931 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 221020 | 1000 | SH |  | OTR | 3 | 1000 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 20237917 | 91566 | SH |  | SOLE | 0 | 82943 | 0 | 8623 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 9284767 | 17396 | SH |  | DFND | 1 | 17396 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 334773 | 1199 | SH |  | SOLE | 0 | 1199 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1684083 | 17054 | SH |  | SOLE | 0 | 17054 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 23510225 | 114589 | SH |  | DFND | 1 | 114589 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 20517 | 100 | SH |  | OTR | 3 | 100 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 51798648 | 252467 | SH |  | SOLE | 0 | 228803 | 0 | 23664 |
| AT INC | COM | 00206R102 |  | 215285 | 7439 | SH |  | SOLE | 0 | 7439 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1501291 | 4868 | SH |  | SOLE | 0 | 4868 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 2127413 | 44958 | SH |  | DFND | 1 | 44958 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1252135 | 26461 | SH |  | SOLE | 0 | 26461 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1444276 | 15852 | SH |  | SOLE | 0 | 15852 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 39377002 | 81061 | SH |  | DFND | 1 | 81061 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 655790 | 1350 | SH |  | OTR | 3 | 1350 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 55631352 | 114522 | SH |  | SOLE | 0 | 107125 | 0 | 7397 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2915200 | 4 | SH |  | DFND | 1 | 4 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2186400 | 3 | SH |  | SOLE | 0 | 3 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 342986 | 2731 | SH |  | SOLE | 0 | 2731 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 327366 | 312 | SH |  | SOLE | 0 | 312 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 76477714 | 277445 | SH |  | DFND | 1 | 277445 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 248085 | 900 | SH |  | OTR | 3 | 900 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 93526667 | 339295 | SH |  | SOLE | 0 | 304070 | 0 | 35225 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 5667439 | 91632 | SH |  | DFND | 1 | 91632 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 22432809 | 362697 | SH |  | SOLE | 0 | 313258 | 0 | 49439 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 572994 | 17480 | SH |  | SOLE | 0 | 6220 | 0 | 11260 |
| CABOT CORP | COM | 127055101 |  | 307875 | 4105 | SH |  | SOLE | 0 | 4105 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 536029 | 11737 | SH |  | SOLE | 0 | 11737 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 1021870 | 12891 | SH |  | SOLE | 0 | 12891 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1019439 | 2626 | SH |  | SOLE | 0 | 2626 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 201092 | 1126 | SH |  | SOLE | 0 | 1126 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1909009 | 13332 | SH |  | DFND | 1 | 13332 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 6863813 | 47935 | SH |  | SOLE | 0 | 43846 | 0 | 4089 |
| CHUBB LIMITED | COM | H1467J104 |  | 7807664 | 26949 | SH |  | DFND | 1 | 26949 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 22842973 | 78845 | SH |  | SOLE | 0 | 70148 | 0 | 8697 |
| CISCO SYS INC | COM | 17275R102 |  | 309712 | 4464 | SH |  | SOLE | 0 | 4464 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 286490 | 6402 | SH |  | SOLE | 0 | 6402 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 2233719 | 31572 | SH |  | SOLE | 0 | 31572 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 293360 | 837 | SH |  | SOLE | 0 | 787 | 0 | 50 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 5646617 | 62119 | SH |  | DFND | 1 | 62119 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 21901173 | 240937 | SH |  | SOLE | 0 | 240647 | 0 | 290 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 5443867 | 152532 | SH |  | DFND | 1 | 152532 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1107568 | 31033 | SH |  | SOLE | 0 | 31033 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 6525420 | 40112 | SH |  | DFND | 1 | 40112 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 11820654 | 72662 | SH |  | SOLE | 0 | 63745 | 0 | 8917 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 290161 | 899 | SH |  | SOLE | 0 | 899 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 841756 | 16006 | SH |  | SOLE | 0 | 16006 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 247887 | 3326 | SH |  | SOLE | 0 | 3326 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 16335990 | 16502 | SH |  | DFND | 1 | 16502 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 34335485 | 34684 | SH |  | SOLE | 0 | 31828 | 0 | 2856 |
| CSX CORP | COM | 126408103 |  | 598467 | 18341 | SH |  | SOLE | 0 | 18341 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 259020 | 3755 | SH |  | SOLE | 0 | 3755 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 2910949 | 14736 | SH |  | DFND | 1 | 14736 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 8119487 | 41103 | SH |  | SOLE | 0 | 36326 | 0 | 4777 |
| DISNEY WALT CO | COM | 254687106 |  | 49484950 | 399040 | SH |  | DFND | 1 | 399040 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 74406 | 600 | SH |  | OTR | 3 | 600 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 25564165 | 206146 | SH |  | SOLE | 0 | 192448 | 0 | 13698 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 4237490 | 61780 | SH |  | DFND | 1 | 61780 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 13314965 | 194124 | SH |  | SOLE | 0 | 176973 | 0 | 17151 |
| EATON CORP PLC | SHS | G29183103 |  | 7955522 | 22285 | SH |  | DFND | 1 | 22285 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 25152444 | 70457 | SH |  | SOLE | 0 | 57497 | 0 | 12960 |
| ELI LILLY  CO | COM | 532457108 |  | 58768767 | 75390 | SH |  | DFND | 1 | 75390 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 22601887 | 28994 | SH |  | SOLE | 0 | 28475 | 0 | 519 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 288873 | 850 | SH |  | SOLE | 0 | 850 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 308525 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2317592 | 21499 | SH |  | DFND | 1 | 21499 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 8450873 | 78394 | SH |  | SOLE | 0 | 72271 | 0 | 6123 |
| F N B CORP | COM | 302520101 |  | 239870 | 16452 | SH |  | SOLE | 0 | 16452 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 219828 | 5234 | SH |  | SOLE | 0 | 5234 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 414982 | 1826 | SH |  | SOLE | 0 | 1765 | 0 | 61 |
| FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 |  | 294539 | 5254 | SH |  | SOLE | 0 | 5254 | 0 | 0 |
| FISCALNOTE HOLDINGS INC | COM CL A | 337655104 |  | 64331 | 119931 | SH |  | SOLE | 0 | 119931 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 5909353 | 113358 | SH |  | DFND | 1 | 113358 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 9166174 | 175833 | SH |  | SOLE | 0 | 158598 | 0 | 17235 |
| GE AEROSPACE | COM NEW | 369604301 |  | 3592135 | 13956 | SH |  | DFND | 1 | 13956 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 8622674 | 33500 | SH |  | SOLE | 0 | 33436 | 0 | 64 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 211745 | 726 | SH |  | SOLE | 0 | 726 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 204615 | 4158 | SH |  | SOLE | 0 | 4158 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1002154 | 9039 | SH |  | SOLE | 0 | 9039 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 4049120 | 32578 | SH |  | DFND | 1 | 32578 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 20727874 | 29287 | SH |  | DFND | 1 | 29287 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 36757704 | 51936 | SH |  | SOLE | 0 | 46930 | 0 | 5006 |
| HF SINCLAIR CORP | COM | 403949100 |  | 246480 | 6000 | SH |  | SOLE | 0 | 6000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 5594560 | 15259 | SH |  | DFND | 1 | 15259 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 19549393 | 53320 | SH |  | SOLE | 0 | 46122 | 0 | 7198 |
| HONEYWELL INTL INC | COM | 438516106 |  | 12831921 | 55101 | SH |  | DFND | 1 | 55101 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 209592 | 900 | SH |  | OTR | 3 | 900 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 25879256 | 111127 | SH |  | SOLE | 0 | 101721 | 0 | 9406 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 5298073 | 21428 | SH |  | DFND | 1 | 21428 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2500439 | 10113 | SH |  | SOLE | 0 | 10113 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 615725 | 3356 | SH |  | SOLE | 0 | 3356 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 3862502 | 13103 | SH |  | SOLE | 0 | 13103 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 532223 | 11365 | SH |  | DFND | 1 | 11365 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 23415 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 16184380 | 29783 | SH |  | DFND | 1 | 29783 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 28073647 | 51662 | SH |  | SOLE | 0 | 45315 | 0 | 6347 |
| INVESCO CURRENCYSHARES BRIT | BRIT POUN STRL | 46138M109 |  | 422912 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| INVESCO CURRENCYSHARES EURO | EURO SHS | 46138K103 |  | 882613 | 8113 | SH |  | SOLE | 0 | 8113 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | WATER RES ETF | 46137V142 |  | 244685 | 3500 | SH |  | SOLE | 0 | 3500 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7426729 | 13463 | SH |  | DFND | 1 | 13463 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 30344106 | 55007 | SH |  | SOLE | 0 | 54991 | 0 | 16 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 208176 | 1321 | SH |  | SOLE | 0 | 1321 | 0 | 0 |
| ISHARES INC | MSCI EQUAL WEITE | 464286681 |  | 469531 | 4737 | SH |  | SOLE | 0 | 1115 | 0 | 3622 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 777425 | 5757 | SH |  | SOLE | 0 | 5537 | 0 | 220 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 331838 | 5867 | SH |  | SOLE | 0 | 5867 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 277174 | 2087 | SH |  | SOLE | 0 | 2087 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 855011 | 7770 | SH |  | SOLE | 0 | 7770 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 283919 | 1553 | SH |  | SOLE | 0 | 1553 | 0 | 0 |
| ISHARES TR | RUSEL 2500 ETF | 46435G268 |  | 1538606 | 22700 | SH |  | SOLE | 0 | 22700 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1163829 | 10649 | SH |  | SOLE | 0 | 10524 | 0 | 125 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1221381 | 1967 | SH |  | SOLE | 0 | 459 | 0 | 1508 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 343512 | 3120 | SH |  | SOLE | 0 | 3120 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 275052 | 810 | SH |  | SOLE | 0 | 0 | 0 | 810 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 575368 | 1355 | SH |  | SOLE | 0 | 1355 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 381623 | 1335 | SH |  | SOLE | 0 | 1335 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 388847 | 4350 | SH |  | SOLE | 0 | 4350 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 15260947 | 99908 | SH |  | DFND | 1 | 99908 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 229125 | 1500 | SH |  | OTR | 3 | 1500 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 19574760 | 128149 | SH |  | SOLE | 0 | 120961 | 0 | 7188 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 15598608 | 53805 | SH |  | DFND | 1 | 53805 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 42395847 | 146238 | SH |  | SOLE | 0 | 132137 | 0 | 14101 |
| KRAFT HEINZ CO | COM | 500754106 |  | 203276 | 7873 | SH |  | SOLE | 0 | 7873 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 335225 | 1277 | SH |  | SOLE | 0 | 1277 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 482786 | 1029 | SH |  | SOLE | 0 | 1029 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2270306 | 4902 | SH |  | SOLE | 0 | 4902 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 887868 | 4002 | SH |  | SOLE | 0 | 4002 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 305003 | 1395 | SH |  | SOLE | 0 | 1395 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3891435 | 6925 | SH |  | DFND | 1 | 6925 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 13533201 | 24083 | SH |  | SOLE | 0 | 18999 | 0 | 5084 |
| MCDONALDS CORP | COM | 580135101 |  | 1151734 | 3942 | SH |  | SOLE | 0 | 3942 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 6019406 | 76041 | SH |  | DFND | 1 | 76041 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 12367879 | 156239 | SH |  | SOLE | 0 | 134482 | 0 | 21757 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4497182 | 6093 | SH |  | DFND | 1 | 6093 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 14136638 | 19153 | SH |  | SOLE | 0 | 18132 | 0 | 1021 |
| MICROSOFT CORP | COM | 594918104 |  | 33439879 | 67228 | SH |  | DFND | 1 | 67228 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 85298420 | 171485 | SH |  | SOLE | 0 | 157652 | 0 | 13833 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 4235232 | 62800 | SH |  | DFND | 1 | 62800 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 14091263 | 208945 | SH |  | SOLE | 0 | 190387 | 0 | 18558 |
| NETFLIX INC | COM | 64110L106 |  | 13462274 | 10053 | SH |  | DFND | 1 | 10053 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 35939571 | 26838 | SH |  | SOLE | 0 | 23376 | 0 | 3462 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2431852 | 35031 | SH |  | DFND | 1 | 35031 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 7624190 | 109827 | SH |  | SOLE | 0 | 98074 | 0 | 11753 |
| NIKE INC | CL B | 654106103 |  | 2932318 | 41277 | SH |  | DFND | 1 | 41277 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 9453470 | 133072 | SH |  | SOLE | 0 | 117736 | 0 | 15336 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 7188150 | 28082 | SH |  | DFND | 1 | 28082 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 355030 | 1387 | SH |  | SOLE | 0 | 1387 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 792252 | 6547 | SH |  | SOLE | 0 | 6547 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 687094 | 9955 | SH |  | SOLE | 0 | 9955 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14115933 | 89347 | SH |  | DFND | 1 | 89347 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 53172798 | 336558 | SH |  | SOLE | 0 | 308250 | 0 | 28308 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 13305167 | 60896 | SH |  | DFND | 1 | 60896 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 23075384 | 105613 | SH |  | SOLE | 0 | 95329 | 0 | 10284 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 250111 | 2775 | SH |  | SOLE | 0 | 2775 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 687600 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1157357 | 8490 | SH |  | DFND | 1 | 8490 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1281135 | 9398 | SH |  | SOLE | 0 | 8973 | 0 | 425 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 36585130 | 178778 | SH |  | DFND | 1 | 178778 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 54888950 | 268222 | SH |  | SOLE | 0 | 240953 | 0 | 27269 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 8739512 | 117593 | SH |  | DFND | 1 | 117593 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 15145524 | 203788 | SH |  | SOLE | 0 | 185716 | 0 | 18072 |
| PEPSICO INC | COM | 713448108 |  | 35233157 | 266837 | SH |  | DFND | 1 | 266837 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 21143697 | 160131 | SH |  | SOLE | 0 | 152362 | 0 | 7769 |
| PFIZER INC | COM | 717081103 |  | 226571 | 9347 | SH |  | SOLE | 0 | 9347 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1724589 | 9469 | SH |  | SOLE | 0 | 9469 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4285708 | 26900 | SH |  | DFND | 1 | 26900 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1477056 | 9271 | SH |  | SOLE | 0 | 9271 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 314895 | 1180 | SH |  | SOLE | 0 | 1180 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 6616989 | 62947 | SH |  | DFND | 1 | 62947 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 18556623 | 176528 | SH |  | SOLE | 0 | 155446 | 0 | 21082 |
| PROSHARES TR | SP500 EX ENRGY | 74347B581 |  | 472895 | 7070 | SH |  | SOLE | 0 | 7070 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 357857 | 2247 | SH |  | SOLE | 0 | 2247 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 718520 | 4000 | SH |  | SOLE | 0 | 4000 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 2345700 | 4468 | SH |  | DFND | 1 | 4468 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 6106275 | 11631 | SH |  | SOLE | 0 | 10043 | 0 | 1588 |
| ROCKET LAB USA INC | COM | 773122106 |  | 222847 | 6230 | SH |  | SOLE | 0 | 6230 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 5430327 | 9580 | SH |  | DFND | 1 | 9580 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 16546626 | 29191 | SH |  | SOLE | 0 | 26406 | 0 | 2785 |
| ROYAL BK CDA | COM | 780087102 |  | 265073 | 2015 | SH |  | SOLE | 0 | 2015 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 18986689 | 130028 | SH |  | DFND | 1 | 130028 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 27916688 | 191184 | SH |  | SOLE | 0 | 169744 | 0 | 21440 |
| SALESFORCE INC | COM | 79466L302 |  | 299141 | 1097 | SH |  | SOLE | 0 | 1097 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 355380 | 3895 | SH |  | SOLE | 0 | 3895 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 2985843 | 135106 | SH |  | DFND | 1 | 135106 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 13773007 | 623213 | SH |  | SOLE | 0 | 623213 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 6124938 | 250611 | SH |  | SOLE | 0 | 250611 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 5886222 | 232657 | SH |  | DFND | 1 | 232657 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 23081494 | 912312 | SH |  | SOLE | 0 | 912312 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 2364754 | 78459 | SH |  | DFND | 1 | 78459 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 11652697 | 386619 | SH |  | SOLE | 0 | 386619 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2569272 | 10146 | SH |  | DFND | 1 | 10146 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 5052192 | 19951 | SH |  | SOLE | 0 | 19951 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 224647 | 2751 | SH |  | DFND | 1 | 2751 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 6750373 | 6566 | SH |  | DFND | 1 | 6566 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 18981441 | 18463 | SH |  | SOLE | 0 | 16734 | 0 | 1729 |
| SHELL PLC | SPON ADS | 780259305 |  | 8747457 | 124236 | SH |  | DFND | 1 | 124236 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 7904860 | 112269 | SH |  | SOLE | 0 | 101065 | 0 | 11204 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 8267 | 109 | SH |  | DFND | 1 | 109 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 2235005 | 29470 | SH |  | SOLE | 0 | 29470 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 3129475 | 34079 | SH |  | DFND | 1 | 34079 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 9372353 | 102062 | SH |  | SOLE | 0 | 91040 | 0 | 11022 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 448100 | 1470 | SH |  | SOLE | 0 | 1470 | 0 | 0 |
| SPDR INDEX SHS FDS | MSCI ACWI EXUS | 78463X848 |  | 408119 | 12496 | SH |  | SOLE | 0 | 12496 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 7026808 | 11373 | SH |  | DFND | 1 | 11373 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 36316205 | 58778 | SH |  | SOLE | 0 | 57365 | 0 | 1413 |
| STARBUCKS CORP | COM | 855244109 |  | 4320080 | 47147 | SH |  | DFND | 1 | 47147 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 14837994 | 161934 | SH |  | SOLE | 0 | 140281 | 0 | 21653 |
| STATE STR CORP | COM | 857477103 |  | 202046 | 1900 | SH |  | SOLE | 0 | 1900 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 7051709 | 17824 | SH |  | DFND | 1 | 17824 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 22717075 | 57420 | SH |  | SOLE | 0 | 49202 | 0 | 8218 |
| SYNOPSYS INC | COM | 871607107 |  | 2427540 | 4735 | SH |  | DFND | 1 | 4735 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 7904500 | 15418 | SH |  | SOLE | 0 | 13597 | 0 | 1821 |
| TESLA INC | COM | 88160R101 |  | 365309 | 1150 | SH |  | SOLE | 0 | 1100 | 0 | 50 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 11907144 | 29367 | SH |  | DFND | 1 | 29367 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 17826454 | 43966 | SH |  | SOLE | 0 | 40377 | 0 | 3589 |
| TJX COS INC NEW | COM | 872540109 |  | 6413700 | 51937 | SH |  | SOLE | 0 | 51937 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 254157 | 5912 | SH |  | SOLE | 0 | 5912 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 213470 | 2288 | SH |  | SOLE | 0 | 2288 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 504933 | 14930 | SH |  | SOLE | 0 | 14930 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 203390 | 3325 | SH |  | SOLE | 0 | 3325 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 34409614 | 149555 | SH |  | DFND | 1 | 149555 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 184064 | 800 | SH |  | OTR | 3 | 800 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 26252128 | 114100 | SH |  | SOLE | 0 | 107852 | 0 | 6248 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1876374 | 18589 | SH |  | DFND | 1 | 18589 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 798536 | 7911 | SH |  | SOLE | 0 | 7911 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 300739 | 964 | SH |  | SOLE | 0 | 964 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1808816 | 6486 | SH |  | SOLE | 0 | 6486 | 0 | 0 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 245839 | 4930 | SH |  | SOLE | 0 | 4530 | 0 | 400 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1311013 | 2308 | SH |  | SOLE | 0 | 2308 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 261976 | 862 | SH |  | SOLE | 0 | 862 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 425405 | 8601 | SH |  | SOLE | 0 | 8601 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 244990 | 1197 | SH |  | SOLE | 0 | 1197 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 282025 | 4082 | SH |  | SOLE | 0 | 4082 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 412182 | 7230 | SH |  | SOLE | 0 | 7230 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 240478 | 772 | SH |  | SOLE | 0 | 772 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 309207 | 7146 | SH |  | SOLE | 0 | 7146 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 447426 | 1005 | SH |  | SOLE | 0 | 1005 | 0 | 0 |
| VICTORY PORTFOLIOS II | CORE INTERMEDIAT | 92647N527 |  | 1822873 | 38727 | SH |  | SOLE | 0 | 36213 | 0 | 2514 |
| VISA INC | COM CL A | 92826C839 |  | 453044 | 1276 | SH |  | SOLE | 0 | 1276 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 8601583 | 32979 | SH |  | DFND | 1 | 32979 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 19019516 | 72922 | SH |  | SOLE | 0 | 65331 | 0 | 7591 |
| WALMART INC | COM | 931142103 |  | 348699 | 3566 | SH |  | SOLE | 0 | 3566 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 393994 | 4918 | SH |  | SOLE | 0 | 4895 | 0 | 22 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 682374 | 380 | SH |  | SOLE | 0 | 380 | 0 | 0 |
| WILEY JOHN  SONS INC | CL A | 968223206 |  | 352979 | 7909 | SH |  | SOLE | 0 | 7909 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 11848325 | 79959 | SH |  | DFND | 1 | 79959 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 2623823 | 17707 | SH |  | SOLE | 0 | 17707 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 7361265 | 23448 | SH |  | DFND | 1 | 23448 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 21486054 | 68440 | SH |  | SOLE | 0 | 62173 | 0 | 6267 |

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