# EDGAR Filing Document

**Accession Number:** 0000860486
**File Stem:** 0000860486-25-000008
**Filing Date:** 2025-10
**Character Count:** 44188
**Document Hash:** 1475b6981b6c90b66a79a5493a65ad90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000860486-25-000008.hdr.sgml**: 20251016

**ACCESSION NUMBER**: 0000860486-25-000008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251016

**DATE AS OF CHANGE**: 20251016

**EFFECTIVENESS DATE**: 20251016

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HIGHLAND CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0000860486

**ORGANIZATION NAME:**
- **EIN:** 275440911
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03959
- **FILM NUMBER:** 251396813

**BUSINESS ADDRESS:**
- **STREET 1:** 850 RIDGE LAKE BLVD
- **STREET 2:** SUITE 205
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38120
- **BUSINESS PHONE:** 9017619500

**MAIL ADDRESS:**
- **STREET 1:** 850 RIDGE LAKE BLVD
- **STREET 2:** SUITE 205
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HIGHLAND CAPITAL MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 19990326

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** HIGHLAND CAPITAL MANAGEMENT LLC<br>**Address:** 850 RIDGE LAKE BLVD<br>SUITE 205<br>MEMPHIS, TN 38120

**Form 13F File Number:** 028-03959

**CRD Number (if applicable):** 000104842

**SEC File Number (if applicable):** 801-8762

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:** Steven Wishnia<br>**Title:** President<br>**Phone:** 9017619500

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

Steven Wishnia  Memphis, TN  10-16-2025<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:** 0

**Form 13F Information Table Entry Total:** 414

**Form 13F Information Table Value Total:** $2007657646

      (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 |  | 601167 | 3874 | SH |  | SOLE |  | 3874 | 0 | 0 |
| AAON INC | COM | 000360206 |  | 1622679 | 17366 | SH |  | SOLE |  | 17366 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 6546719 | 48878 | SH |  | SOLE |  | 45748 | 0 | 3130 |
| ABBVIE INC | COM | 00287Y109 |  | 9523419 | 41131 | SH |  | SOLE |  | 39341 | 0 | 1790 |
| ADIENT PLC | COM | G0084W101 |  | 319782 | 13280 | SH |  | SOLE |  | 13280 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 4684167 | 13279 | SH |  | SOLE |  | 13076 | 0 | 203 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 277856 | 1799 | SH |  | SOLE |  | 1799 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3116237 | 19261 | SH |  | SOLE |  | 19261 | 0 | 0 |
| AFFIRM HOLDINGS INC | COM | 00827B106 |  | 256511 | 3510 | SH |  | SOLE |  | 3510 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 1622442 | 14525 | SH |  | SOLE |  | 14525 | 0 | 0 |
| AIR PRODUCTS  CHEMICAL INC | COM | 009158106 |  | 3855170 | 14136 | SH |  | SOLE |  | 13006 | 0 | 1130 |
| AIRBNB INC -CL A | COM | 009066101 |  | 2865391 | 23599 | SH |  | SOLE |  | 23349 | 0 | 250 |
| ALBERTSONS COMPANIES INC | COM | 013091103 |  | 212624 | 12143 | SH |  | SOLE |  | 12143 | 0 | 0 |
| ALLIANCEBERNSTEIN HOLDING L.P. | COM | 01881G106 |  | 1656875 | 43351 | SH |  | SOLE |  | 43351 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 2083464 | 4569 | SH |  | SOLE |  | 4569 | 0 | 0 |
| ALPHABET INC | COM | 02079K107 |  | 27018839 | 110938 | SH |  | SOLE |  | 107938 | 0 | 3000 |
| ALPHABET INC | COM | 02079K305 |  | 37235141 | 153168 | SH |  | SOLE |  | 150168 | 0 | 3000 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 5032949 | 76188 | SH |  | SOLE |  | 70388 | 0 | 5800 |
| AMAZON COM INCORPORATED | COM | 023135106 |  | 45821405 | 208687 | SH |  | SOLE |  | 204767 | 0 | 3920 |
| AMERICAN ELEC PWR INC | COM | 025537101 |  | 5992087 | 53263 | SH |  | SOLE |  | 49055 | 0 | 4208 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 12331451 | 37125 | SH |  | SOLE |  | 35126 | 0 | 1999 |
| AMERICAN FINANCIAL GROUP INC | COM | 025932104 |  | 312278 | 2143 | SH |  | SOLE |  | 2143 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM | 398182303 |  | 250716 | 5968 | SH |  | SOLE |  | 5968 | 0 | 0 |
| AMERICAN INTERNATIONAL GROUP I | COM | 026874784 |  | 5364832 | 68307 | SH |  | SOLE |  | 62873 | 0 | 5434 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 1134510 | 50133 | SH |  | SOLE |  | 50133 | 0 | 0 |
| APPFOLIO INC | COM | 03783C100 |  | 1434535 | 5204 | SH |  | SOLE |  | 5204 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 101300525 | 397834 | SH |  | SOLE |  | 392334 | 0 | 5500 |
| APPLIED MATERIALS INC | COM | 038222105 |  | 829811 | 4053 | SH |  | SOLE |  | 4053 | 0 | 0 |
| APTAR GROUP INC | COM | 038336103 |  | 356338 | 2666 | SH |  | SOLE |  | 2666 | 0 | 0 |
| ARCBEST CORP | COM | 03937C105 |  | 310293 | 4441 | SH |  | SOLE |  | 4441 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 226032 | 837 | SH |  | SOLE |  | 837 | 0 | 0 |
| ARROW ELECTRONICS INC | COM | 042735100 |  | 205337 | 1697 | SH |  | SOLE |  | 1697 | 0 | 0 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 |  | 274028 | 1121 | SH |  | SOLE |  | 1121 | 0 | 0 |
| ASTERA LABORATORIES INC | COM | 04626A103 |  | 2463360 | 12581 | SH |  | SOLE |  | 12581 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 7018487 | 248530 | SH |  | SOLE |  | 231438 | 0 | 17092 |
| AUTOMATIC DATA PROCESSING INC | COM | 053015103 |  | 4894699 | 16677 | SH |  | SOLE |  | 16677 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 2698561 | 629 | SH |  | SOLE |  | 629 | 0 | 0 |
| AVEPOINT INC CL A | COM | 053604104 |  | 176833 | 11781 | SH |  | SOLE |  | 11781 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 270235 | 5169 | SH |  | SOLE |  | 5169 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 1945522 | 2711 | SH |  | SOLE |  | 2711 | 0 | 0 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 16147488 | 312996 | SH |  | SOLE |  | 290449 | 0 | 22547 |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 |  | 1638649 | 15039 | SH |  | SOLE |  | 15039 | 0 | 0 |
| BARRICK MINING CORP | COM | 06849F108 |  | 2354164 | 71839 | SH |  | SOLE |  | 69834 | 0 | 2005 |
| BERKSHIRE HATHAWAY INC | COM | 084670702 |  | 14401490 | 28646 | SH |  | SOLE |  | 26509 | 0 | 2137 |
| BLACKSTONE INC | COM | 09260D107 |  | 3802779 | 22258 | SH |  | SOLE |  | 22258 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 11724317 | 54322 | SH |  | SOLE |  | 52723 | 0 | 1599 |
| BOISE CASCADE CP | COM | 09739D100 |  | 282527 | 3654 | SH |  | SOLE |  | 3654 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2791423 | 517 | SH |  | SOLE |  | 517 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 377177 | 8580 | SH |  | SOLE |  | 8580 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 5222229 | 53490 | SH |  | SOLE |  | 49190 | 0 | 4300 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 393290 | 7052 | SH |  | SOLE |  | 7052 | 0 | 0 |
| BRIGHTHOUSE FINANCIAL INC | COM | 10922N103 |  | 257756 | 4856 | SH |  | SOLE |  | 4856 | 0 | 0 |
| BRIGHTSPRING HEALTH SERVICES I | COM | 10950A106 |  | 295689 | 10003 | SH |  | SOLE |  | 10003 | 0 | 0 |
| BRITISH AMERICAN TOBACCO PLC | COM | 110448107 |  | 902360 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 78314044 | 237380 | SH |  | SOLE |  | 234680 | 0 | 2700 |
| BROWN FORMAN INC CL B | COM | 115637209 |  | 3113929 | 114990 | SH |  | SOLE |  | 105900 | 0 | 9090 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 4481400 | 36960 | SH |  | SOLE |  | 34070 | 0 | 2890 |
| CAMDEN PROPERTY TRUST | COM | 133131102 |  | 2787172 | 26102 | SH |  | SOLE |  | 26102 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 226422 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORPORAT | COM | 14040H105 |  | 4404658 | 20720 | SH |  | SOLE |  | 19020 | 0 | 1700 |
| CARPENTER TECHNOLOGY | COM | 144285103 |  | 336635 | 1371 | SH |  | SOLE |  | 1371 | 0 | 0 |
| CARRIER GLOBAL CORP | COM | 14448C104 |  | 13399650 | 224450 | SH |  | SOLE |  | 216657 | 0 | 7793 |
| CARVANA CO CL A | COM | 146869102 |  | 1263377 | 3349 | SH |  | SOLE |  | 3349 | 0 | 0 |
| CASELLA WASTE SYSTEMS INC CL A | COM | 147448104 |  | 231982 | 2445 | SH |  | SOLE |  | 2445 | 0 | 0 |
| CASEYS GENERAL STORES INC | COM | 147528103 |  | 5008735 | 8860 | SH |  | SOLE |  | 8150 | 0 | 710 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 7647760 | 16028 | SH |  | SOLE |  | 14718 | 0 | 1310 |
| CBOE GLOBAL MARKETS INC | COM | 12503M108 |  | 7666515 | 31260 | SH |  | SOLE |  | 29170 | 0 | 2090 |
| CELSIUS HOLDINGS INC | COM | 15118V207 |  | 1345266 | 23400 | SH |  | SOLE |  | 23400 | 0 | 0 |
| CHARLES SCHWAB CORPORATION | COM | 808513105 |  | 1598794 | 16747 | SH |  | SOLE |  | 16747 | 0 | 0 |
| CHARTER COMMUNICATIONS INC CL | COM | 16119P108 |  | 3075674 | 11180 | SH |  | SOLE |  | 10280 | 0 | 900 |
| CHENIERE ENERGY INC | COM | 16411R208 |  | 5153111 | 21930 | SH |  | SOLE |  | 20210 | 0 | 1720 |
| CHEVRON CORP | COM | 166764100 |  | 6368084 | 41008 | SH |  | SOLE |  | 38209 | 0 | 2799 |
| CHUBB LIMITED | COM | H1467J104 |  | 4320683 | 15308 | SH |  | SOLE |  | 14129 | 0 | 1179 |
| CIGNA GROUP | COM | 125523100 |  | 3885033 | 13478 | SH |  | SOLE |  | 12404 | 0 | 1074 |
| CISCO SYS INC | COM | 17275R102 |  | 11480671 | 167797 | SH |  | SOLE |  | 162157 | 0 | 5640 |
| CITIGROUP INC | COM | 172967424 |  | 20806393 | 204989 | SH |  | SOLE |  | 199218 | 0 | 5771 |
| CLEARSIGN COMBUSTION CORP | COM | 185064102 |  | 25029 | 32454 | SH |  | SOLE |  | 32454 | 0 | 0 |
| CLOUDFLARE INC | COM | 18915M107 |  | 3442882 | 16044 | SH |  | SOLE |  | 16044 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 1149388 | 4254 | SH |  | SOLE |  | 4254 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 5552807 | 83727 | SH |  | SOLE |  | 83727 | 0 | 0 |
| COLUMBIA BANKING SYSTEMS INC | COM | 197236102 |  | 4460819 | 173303 | SH |  | SOLE |  | 171303 | 0 | 2000 |
| COMCAST CORP | COM | 20030N101 |  | 1519720 | 48368 | SH |  | SOLE |  | 48368 | 0 | 0 |
| COMPASS INC - CLASS A | COM | 20464U100 |  | 257329 | 32046 | SH |  | SOLE |  | 32046 | 0 | 0 |
| COMSTOCK RES INC COM NEW | COM | 205768302 |  | 202762 | 10225 | SH |  | SOLE |  | 10225 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 11030919 | 116618 | SH |  | SOLE |  | 112373 | 0 | 4245 |
| COOPER COS INC | COM | 216648501 |  | 2934368 | 42800 | SH |  | SOLE |  | 39450 | 0 | 3350 |
| CORCEPT THERAPEUTICS INC | COM | 218352102 |  | 208772 | 2512 | SH |  | SOLE |  | 2512 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 7012991 | 85493 | SH |  | SOLE |  | 78770 | 0 | 6723 |
| COSTCO WHOLESALE CORP | COM | 22160K105 |  | 31066747 | 33563 | SH |  | SOLE |  | 32763 | 0 | 800 |
| CROWDSTRIKE HOLDINGS INC | COM | 22788C105 |  | 13136790 | 26789 | SH |  | SOLE |  | 26469 | 0 | 320 |
| CSX CORP | COM | 126408103 |  | 4402925 | 123991 | SH |  | SOLE |  | 119491 | 0 | 4500 |
| CUMMINS INC | COM | 231021106 |  | 7828206 | 18534 | SH |  | SOLE |  | 16995 | 0 | 1539 |
| DANA INC | COM | 235825205 |  | 485489 | 24226 | SH |  | SOLE |  | 24226 | 0 | 0 |
| DANAHER CORP | COM | 235851102 |  | 6872881 | 34666 | SH |  | SOLE |  | 33166 | 0 | 1500 |
| DATADOG INC | COM | 23804L103 |  | 1524534 | 10706 | SH |  | SOLE |  | 10706 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 609070 | 1332 | SH |  | SOLE |  | 1332 | 0 | 0 |
| DELL TECHNOLOGIES INC | COM | 24703L202 |  | 2384430 | 16819 | SH |  | SOLE |  | 16819 | 0 | 0 |
| DELTA AIR LINES INC | COM | 247361702 |  | 6114252 | 107740 | SH |  | SOLE |  | 107740 | 0 | 0 |
| DNOW INC COM | COM | 67011P100 |  | 325877 | 21369 | SH |  | SOLE |  | 21369 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 1257394 | 17442 | SH |  | SOLE |  | 17442 | 0 | 0 |
| DOORDASH INC | COM | 25809K105 |  | 2396504 | 8811 | SH |  | SOLE |  | 8811 | 0 | 0 |
| DRAFTKINGS INC CL A | COM | 26142V105 |  | 1189432 | 31803 | SH |  | SOLE |  | 31803 | 0 | 0 |
| DUKE ENERGY CORP | COM | 26441C204 |  | 5407875 | 43700 | SH |  | SOLE |  | 40573 | 0 | 3127 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 198385 | 14555 | SH |  | SOLE |  | 14555 | 0 | 0 |
| DXP ENTERPRISES INC | COM | 233377407 |  | 212302 | 1783 | SH |  | SOLE |  | 1783 | 0 | 0 |
| EAGLE MATERIALS INC | COM | 26969P108 |  | 6713882 | 28810 | SH |  | SOLE |  | 26530 | 0 | 2280 |
| EATON CORP PLC | COM | G29183103 |  | 9105128 | 24329 | SH |  | SOLE |  | 22661 | 0 | 1668 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 387744 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 3628828 | 4756 | SH |  | SOLE |  | 4756 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 455977 | 702 | SH |  | SOLE |  | 702 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 247254 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 258486 | 2035 | SH |  | SOLE |  | 2035 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | COM | 81369Y506 |  | 241486 | 2703 | SH |  | SOLE |  | 2703 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 683909 | 2666 | SH |  | SOLE |  | 2666 | 0 | 0 |
| ESTEE LAUDER COS INC | COM | 518439104 |  | 1716181 | 19475 | SH |  | SOLE |  | 18700 | 0 | 775 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7466836 | 66225 | SH |  | SOLE |  | 65225 | 0 | 1000 |
| F5 NETWORKS INC | COM | 315616102 |  | 3873432 | 11985 | SH |  | SOLE |  | 11050 | 0 | 935 |
| FEDEX CORPORATION | COM | 31428X106 |  | 10947645 | 46426 | SH |  | SOLE |  | 45426 | 0 | 1000 |
| FINANCIAL SELECT SECTOR SPDR | COM | 81369Y605 |  | 2518476 | 46751 | SH |  | SOLE |  | 46751 | 0 | 0 |
| FIRST HORIZON NATIONAL CORPORA | COM | 320517105 |  | 8332249 | 368521 | SH |  | SOLE |  | 361521 | 0 | 7000 |
| FORD MOTOR CO | COM | 345370860 |  | 126118 | 10545 | SH |  | SOLE |  | 10545 | 0 | 0 |
| FRANKLIN RES INC | COM | 354613101 |  | 291877 | 12619 | SH |  | SOLE |  | 12619 | 0 | 0 |
| FREEDOM HOLDING CORP NEV | COM | 356390104 |  | 1609243 | 9349 | SH |  | SOLE |  | 9349 | 0 | 0 |
| GAMING AND LEISURE PROPERTIES | COM | 36467J108 |  | 3503208 | 75160 | SH |  | SOLE |  | 69200 | 0 | 5960 |
| GARTNER INC | COM | 366651107 |  | 1502302 | 5715 | SH |  | SOLE |  | 5715 | 0 | 0 |
| GATES INDUSTRIAL CORP PLC | COM | G39108108 |  | 1312978 | 52900 | SH |  | SOLE |  | 51350 | 0 | 1550 |
| GE VERNOVA INC | COM | 36828A101 |  | 11733521 | 19082 | SH |  | SOLE |  | 18202 | 0 | 880 |
| GENERAL ELEC CO | COM | 369604301 |  | 7514472 | 24980 | SH |  | SOLE |  | 24980 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 3999996 | 28860 | SH |  | SOLE |  | 26600 | 0 | 2260 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1755909 | 15819 | SH |  | SOLE |  | 15819 | 0 | 0 |
| GITLAB INC CLASS A | COM | 37637K108 |  | 1350462 | 29957 | SH |  | SOLE |  | 29957 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 31084415 | 39034 | SH |  | SOLE |  | 37412 | 0 | 1622 |
| GRANITE CONSTRUCTION INC | COM | 387328107 |  | 249892 | 2279 | SH |  | SOLE |  | 2279 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 293071 | 1275 | SH |  | SOLE |  | 1275 | 0 | 0 |
| HANOVER INSURANCE GROUP | COM | 410867105 |  | 369980 | 2037 | SH |  | SOLE |  | 2037 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1614872 | 3789 | SH |  | SOLE |  | 3789 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 380355 | 7267 | SH |  | SOLE |  | 7267 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 3351862 | 8272 | SH |  | SOLE |  | 8272 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 291963 | 1387 | SH |  | SOLE |  | 1387 | 0 | 0 |
| HOST HOTELS  RESORTS | COM | 44107P104 |  | 318989 | 18742 | SH |  | SOLE |  | 18742 | 0 | 0 |
| HOULIHAN LOKEY INC | COM | 441593100 |  | 1557147 | 7584 | SH |  | SOLE |  | 7584 | 0 | 0 |
| HUB GRP INC CL A | COM | 443320106 |  | 230197 | 6684 | SH |  | SOLE |  | 6684 | 0 | 0 |
| IDEXX LABORATORIES INC | COM | 45168D104 |  | 590973 | 925 | SH |  | SOLE |  | 925 | 0 | 0 |
| IES HOLDINGS INC | COM | 44951W106 |  | 489109 | 1230 | SH |  | SOLE |  | 1230 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 289100 | 8617 | SH |  | SOLE |  | 8617 | 0 | 0 |
| INTERACTIVE BROKERS GROUP | COM | 45841N107 |  | 1692864 | 24602 | SH |  | SOLE |  | 24602 | 0 | 0 |
| INTERDIGITAL INC | COM | 45867G101 |  | 296898 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHINE | COM | 459200101 |  | 815160 | 2889 | SH |  | SOLE |  | 2889 | 0 | 0 |
| INVESCO QQQ TRUST SER 1 | COM | 46090E103 |  | 606974 | 1011 | SH |  | SOLE |  | 1011 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 566597 | 2609 | SH |  | SOLE |  | 2609 | 0 | 0 |
| JACKSON FINANICAL INC | COM | 46817M107 |  | 337298 | 3332 | SH |  | SOLE |  | 3332 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 11151425 | 60141 | SH |  | SOLE |  | 57615 | 0 | 2526 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 6114143 | 20498 | SH |  | SOLE |  | 18938 | 0 | 1560 |
| JP MORGAN CHASE  CO | COM | 46625H100 |  | 50279579 | 159400 | SH |  | SOLE |  | 154400 | 0 | 5000 |
| KB FINANCIAL GROUP INC | COM | 48241A105 |  | 281894 | 3400 | SH |  | SOLE |  | 3300 | 0 | 100 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 3910244 | 31448 | SH |  | SOLE |  | 29128 | 0 | 2320 |
| KNIGHT-SWIFT TRANSPORTATION | COM | 499049104 |  | 1324138 | 33514 | SH |  | SOLE |  | 30844 | 0 | 2670 |
| KRATOS DEFENSE  SECURITY | COM | 50077B207 |  | 316963 | 3469 | SH |  | SOLE |  | 3469 | 0 | 0 |
| LABCORP HOLDINGS INC | COM | 504922105 |  | 4335180 | 15102 | SH |  | SOLE |  | 13863 | 0 | 1239 |
| LAM RESEARCH CORP NEW | COM | 512807306 |  | 298597 | 2230 | SH |  | SOLE |  | 2230 | 0 | 0 |
| LEAR CORP | COM | 521865204 |  | 289153 | 2874 | SH |  | SOLE |  | 2874 | 0 | 0 |
| LIBERTY MEDIA CORP  LBTY LIV S | COM | 531229722 |  | 253964 | 2619 | SH |  | SOLE |  | 2619 | 0 | 0 |
| LIFE360 INC | COM | 532206109 |  | 280313 | 2637 | SH |  | SOLE |  | 2637 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3102676 | 6215 | SH |  | SOLE |  | 6215 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 20660816 | 82212 | SH |  | SOLE |  | 78872 | 0 | 3340 |
| LUMENTUM HOLDINGS INC | COM | 55024U109 |  | 2331472 | 14329 | SH |  | SOLE |  | 14329 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N V | COM | N53745100 |  | 2112888 | 43085 | SH |  | SOLE |  | 39697 | 0 | 3388 |
| MACYS INC | COM | 55616P104 |  | 451764 | 25196 | SH |  | SOLE |  | 25196 | 0 | 0 |
| MARRIOTT INTL IN CLASS A | COM | 571903202 |  | 4370965 | 16783 | SH |  | SOLE |  | 15513 | 0 | 1270 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 6164853 | 73330 | SH |  | SOLE |  | 67490 | 0 | 5840 |
| MASTERCARD INC | COM | 57636Q104 |  | 550039 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 2348766 | 7729 | SH |  | SOLE |  | 7729 | 0 | 0 |
| MCKESSON HBOC INC | COM | 58155Q103 |  | 7981883 | 10332 | SH |  | SOLE |  | 9762 | 0 | 570 |
| MEDNAX INC | COM | 58502B106 |  | 234215 | 13983 | SH |  | SOLE |  | 13983 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 22057491 | 262808 | SH |  | SOLE |  | 260708 | 0 | 2100 |
| MERCURY GENERAL CORP | COM | 589400100 |  | 386342 | 4557 | SH |  | SOLE |  | 4557 | 0 | 0 |
| META PLATFORMS INC | COM | 30303M102 |  | 35090046 | 47782 | SH |  | SOLE |  | 47282 | 0 | 500 |
| METLIFE INC | COM | 59156R108 |  | 4205400 | 51055 | SH |  | SOLE |  | 46935 | 0 | 4120 |
| METTLER-TOLEDO INTL | COM | 592688105 |  | 515596 | 420 | SH |  | SOLE |  | 420 | 0 | 0 |
| MGM RESORTS INT'L | COM | 552953101 |  | 3325627 | 95950 | SH |  | SOLE |  | 88330 | 0 | 7620 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 28013300 | 167423 | SH |  | SOLE |  | 162920 | 0 | 4503 |
| MICROSOFT CORP | COM | 594918104 |  | 150910677 | 291361 | SH |  | SOLE |  | 286561 | 0 | 4800 |
| MID-AMERICA APARTMENT COMMUNIT | COM | 59522J103 |  | 260457 | 1864 | SH |  | SOLE |  | 1864 | 0 | 0 |
| MOLSON COORS BREWING CO | COM | 60871R209 |  | 2816360 | 62240 | SH |  | SOLE |  | 57340 | 0 | 4900 |
| MONDELEZ INTERNATIONAL INC | COM | 609207105 |  | 5533055 | 88571 | SH |  | SOLE |  | 85771 | 0 | 2800 |
| MOODYS CORP | COM | 615369105 |  | 281123 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 5725739 | 36020 | SH |  | SOLE |  | 33140 | 0 | 2880 |
| NATIONAL STORAGE AFFILIATES TR | COM | 637870106 |  | 220697 | 7303 | SH |  | SOLE |  | 7303 | 0 | 0 |
| NATIONAL VISION HOLDINGS INC | COM | 63845R107 |  | 275116 | 9425 | SH |  | SOLE |  | 9425 | 0 | 0 |
| NETFLIX.COM INC | COM | 64110L106 |  | 9180130 | 7657 | SH |  | SOLE |  | 7657 | 0 | 0 |
| NEWMONT MINING CORPORATION | COM | 651639106 |  | 13656336 | 161978 | SH |  | SOLE |  | 154558 | 0 | 7420 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 4604588 | 60996 | SH |  | SOLE |  | 56236 | 0 | 4760 |
| NIKE INC | COM | 654106103 |  | 7414268 | 106328 | SH |  | SOLE |  | 100848 | 0 | 5480 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 5432614 | 18084 | SH |  | SOLE |  | 16685 | 0 | 1399 |
| NRG ENERGY INC | COM | 629377508 |  | 5428564 | 33520 | SH |  | SOLE |  | 30840 | 0 | 2680 |
| NUCOR CORP | COM | 670346105 |  | 410054 | 3028 | SH |  | SOLE |  | 3028 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 66910014 | 358613 | SH |  | SOLE |  | 357613 | 0 | 1000 |
| O'REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2259374 | 20957 | SH |  | SOLE |  | 20957 | 0 | 0 |
| OKTA INC | COM | 679295105 |  | 1474719 | 16082 | SH |  | SOLE |  | 16082 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 2891801 | 39630 | SH |  | SOLE |  | 36530 | 0 | 3100 |
| ORACLE CORP | COM | 68389X105 |  | 19282658 | 68563 | SH |  | SOLE |  | 65350 | 0 | 3213 |
| ORGANON  COMPANY | COM | 68622V106 |  | 146711 | 13737 | SH |  | SOLE |  | 13737 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 585914 | 14510 | SH |  | SOLE |  | 13990 | 0 | 520 |
| PALANTIR TECHNOLOGIES INC | COM | 69608A108 |  | 5132752 | 28137 | SH |  | SOLE |  | 28137 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1086109 | 5334 | SH |  | SOLE |  | 5334 | 0 | 0 |
| PENSKE AUTOMOTIVE GROUP INC | COM | 70959W103 |  | 331299 | 1905 | SH |  | SOLE |  | 1905 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 13029303 | 92775 | SH |  | SOLE |  | 90947 | 0 | 1828 |
| PERFORMANCE FOOD GROUP COMPANY | COM | 71377A103 |  | 372255 | 3578 | SH |  | SOLE |  | 3578 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1168402 | 45856 | SH |  | SOLE |  | 45856 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 348014 | 2146 | SH |  | SOLE |  | 2146 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 301369 | 7401 | SH |  | SOLE |  | 7401 | 0 | 0 |
| PRIMORIS SERVICES CORP | COM | 74164F103 |  | 357195 | 2601 | SH |  | SOLE |  | 2601 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 12166444 | 79183 | SH |  | SOLE |  | 76541 | 0 | 2642 |
| PROLOGIS INC | COM | 74340W103 |  | 3237480 | 28270 | SH |  | SOLE |  | 26093 | 0 | 2177 |
| QUALCOMM INC | COM | 747525103 |  | 11487502 | 69052 | SH |  | SOLE |  | 68052 | 0 | 1000 |
| QUANTA SERVICES INC | COM | 74762E102 |  | 8570206 | 20680 | SH |  | SOLE |  | 20680 | 0 | 0 |
| REALTY INCOME TRUST | COM | 756109104 |  | 3342360 | 54982 | SH |  | SOLE |  | 50680 | 0 | 4302 |
| REDDIT INC CL A | COM | 75734B100 |  | 1507124 | 6553 | SH |  | SOLE |  | 6553 | 0 | 0 |
| REGIONS FINANCIAL CORP | COM | 7591EP100 |  | 1002060 | 38000 | SH |  | SOLE |  | 38000 | 0 | 0 |
| ROBINHOOLD MARKETS INC | COM | 770700102 |  | 2022847 | 14128 | SH |  | SOLE |  | 14128 | 0 | 0 |
| ROBLOX CORP | COM | 771049103 |  | 2940503 | 21228 | SH |  | SOLE |  | 21228 | 0 | 0 |
| ROKU INC | COM | 77543R102 |  | 8020513 | 80101 | SH |  | SOLE |  | 74961 | 0 | 5140 |
| ROOT INC CL A NEW | COM | 77664L207 |  | 218136 | 2437 | SH |  | SOLE |  | 2437 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 613389 | 1230 | SH |  | SOLE |  | 1230 | 0 | 0 |
| RTX CORPORATION COM | COM | 75513E101 |  | 17504224 | 104609 | SH |  | SOLE |  | 100782 | 0 | 3827 |
| RUSH STREET INTERACTIVE INC | COM | 782011100 |  | 317563 | 15506 | SH |  | SOLE |  | 15506 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 12190139 | 25046 | SH |  | SOLE |  | 24296 | 0 | 750 |
| SALESFORCE INC | COM | 79466L302 |  | 1482672 | 6256 | SH |  | SOLE |  | 6256 | 0 | 0 |
| SANMINA CORP | COM | 801056102 |  | 370769 | 3221 | SH |  | SOLE |  | 3221 | 0 | 0 |
| SENSTAR TECHNOLOGIES LTD | COM | 81728N100 |  | 60055 | 12035 | SH |  | SOLE |  | 12035 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1753133 | 1905 | SH |  | SOLE |  | 1905 | 0 | 0 |
| SIMMONS FIRST NATIONAL CORP CL | COM | 828730200 |  | 483180 | 25205 | SH |  | SOLE |  | 25205 | 0 | 0 |
| SIRIUSXM HOLDINGS INC COMMON S | COM | 829933100 |  | 256025 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 399260 | 3968 | SH |  | SOLE |  | 3968 | 0 | 0 |
| SL GREEN REALTY CORP | COM | 78440X887 |  | 328716 | 5496 | SH |  | SOLE |  | 5496 | 0 | 0 |
| SLB LIMITED COM STK | COM | 806857108 |  | 5738238 | 166955 | SH |  | SOLE |  | 158025 | 0 | 8930 |
| SNOWFLAKE INC | COM | 833445109 |  | 2191218 | 9715 | SH |  | SOLE |  | 9715 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 1895661 | 71751 | SH |  | SOLE |  | 71751 | 0 | 0 |
| SONIC AUTOMOTIVE INC | COM | 83545G102 |  | 318513 | 4186 | SH |  | SOLE |  | 4186 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 203755 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| SPOTIFY TECHNOLOGY S.A. | COM | L8681T102 |  | 1448350 | 2075 | SH |  | SOLE |  | 2075 | 0 | 0 |
| SPROUTS FARMERS MARKET INC | COM | 85208M102 |  | 204435 | 1879 | SH |  | SOLE |  | 1879 | 0 | 0 |
| SSR MINING INC | COM | 784730103 |  | 423907 | 17359 | SH |  | SOLE |  | 17359 | 0 | 0 |
| STANDARD LITHIUM LTD | COM | 853606101 |  | 67400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 5182303 | 61257 | SH |  | SOLE |  | 60107 | 0 | 1150 |
| STARWOOD PROPERTY TRUST INC | COM | 85571B105 |  | 1575730 | 81349 | SH |  | SOLE |  | 81349 | 0 | 0 |
| STATE STREET CORPORATION | COM | 857477103 |  | 406035 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 258836 | 762 | SH |  | SOLE |  | 762 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 228685 | 2266 | SH |  | SOLE |  | 2266 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 371010 | 2491 | SH |  | SOLE |  | 2491 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 2154437 | 5828 | SH |  | SOLE |  | 5828 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 8064033 | 113498 | SH |  | SOLE |  | 107988 | 0 | 5510 |
| SYNNEX CORPORATION | COM | 87162W100 |  | 383175 | 2340 | SH |  | SOLE |  | 2340 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 328125 | 3985 | SH |  | SOLE |  | 3985 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWARE | COM | 874054109 |  | 12056369 | 46665 | SH |  | SOLE |  | 46665 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 304147 | 715 | SH |  | SOLE |  | 715 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 276257 | 2440 | SH |  | SOLE |  | 2440 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 317897 | 3544 | SH |  | SOLE |  | 3544 | 0 | 0 |
| TE CONNECTIVITY PLC | COM | G87052109 |  | 216018 | 984 | SH |  | SOLE |  | 984 | 0 | 0 |
| TEEKAY TANKERS LTD | COM | G8726X106 |  | 369167 | 7303 | SH |  | SOLE |  | 7303 | 0 | 0 |
| TELEPHONE  DATA SYS INC | COM | 879433829 |  | 211857 | 5399 | SH |  | SOLE |  | 5399 | 0 | 0 |
| TESLA INCORPORATED | COM | 88160R101 |  | 7106626 | 15980 | SH |  | SOLE |  | 15980 | 0 | 0 |
| TEXAS INSTRUMENTS INC | COM | 882508104 |  | 544208 | 2962 | SH |  | SOLE |  | 2962 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 16890583 | 34825 | SH |  | SOLE |  | 34055 | 0 | 770 |
| TIMKEN CO | COM | 887389104 |  | 4365703 | 58070 | SH |  | SOLE |  | 53510 | 0 | 4560 |
| TJX COS INC NEW | COM | 872540109 |  | 2230108 | 15429 | SH |  | SOLE |  | 15429 | 0 | 0 |
| TKO GROUP HOLDINGS INC CL A | COM | 87256C101 |  | 5582174 | 27640 | SH |  | SOLE |  | 25440 | 0 | 2200 |
| TOLL BROTHERS INC | COM | 889478103 |  | 4379038 | 31700 | SH |  | SOLE |  | 29210 | 0 | 2490 |
| TPG INC CL A | COM | 872657101 |  | 4419628 | 76930 | SH |  | SOLE |  | 70960 | 0 | 5970 |
| TRAVELERS COS INC | COM | 89417E109 |  | 255486 | 915 | SH |  | SOLE |  | 915 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 285212 | 8396 | SH |  | SOLE |  | 8396 | 0 | 0 |
| TRUIST FINANCIAL CORP | COM | 89832Q109 |  | 5821436 | 127328 | SH |  | SOLE |  | 119112 | 0 | 8216 |
| TTM TECHNOLOGIES | COM | 87305R109 |  | 244973 | 4253 | SH |  | SOLE |  | 4253 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 13441778 | 137203 | SH |  | SOLE |  | 135703 | 0 | 1500 |
| UBIQUITI INC | COM | 90353W103 |  | 2156133 | 3264 | SH |  | SOLE |  | 3264 | 0 | 0 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 255134 | 2729 | SH |  | SOLE |  | 2729 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 7482274 | 13685 | SH |  | SOLE |  | 13560 | 0 | 125 |
| UNION PACIFIC CORP | COM | 907818108 |  | 544833 | 2305 | SH |  | SOLE |  | 2305 | 0 | 0 |
| UNITED NAT FOOD INC COM | COM | 911163103 |  | 363108 | 9652 | SH |  | SOLE |  | 9652 | 0 | 0 |
| UNITED PARCEL SERVICE INC | COM | 911312106 |  | 3464908 | 41481 | SH |  | SOLE |  | 38181 | 0 | 3300 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 3547957 | 10275 | SH |  | SOLE |  | 9525 | 0 | 750 |
| UNIVERSAL INSURANCE HOLDINGS I | COM | 91359V107 |  | 2000615 | 76069 | SH |  | SOLE |  | 76069 | 0 | 0 |
| US BANCORP | COM | 902973304 |  | 2908644 | 60183 | SH |  | SOLE |  | 60183 | 0 | 0 |
| US FOODS HOLDING CORP | COM | 912008109 |  | 358965 | 4685 | SH |  | SOLE |  | 4685 | 0 | 0 |
| V2X INC | COM | 92242T101 |  | 338549 | 5828 | SH |  | SOLE |  | 5828 | 0 | 0 |
| VALERO ENERGY CORPORATION | COM | 91913Y100 |  | 4500142 | 26431 | SH |  | SOLE |  | 24371 | 0 | 2060 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 460596 | 10480 | SH |  | SOLE |  | 10480 | 0 | 0 |
| VISA INC | COM | 92826C839 |  | 16362006 | 47929 | SH |  | SOLE |  | 47204 | 0 | 725 |
| WALMART INC | COM | 931142103 |  | 9653671 | 93670 | SH |  | SOLE |  | 88040 | 0 | 5630 |
| WALT DISNEY CO | COM | 254687106 |  | 5369501 | 46895 | SH |  | SOLE |  | 43478 | 0 | 3417 |
| WASTE MANAGEMENT INC | COM | 94106L109 |  | 9868009 | 44686 | SH |  | SOLE |  | 43986 | 0 | 700 |
| WELLS FARGO CO | COM | 949746101 |  | 1474395 | 17590 | SH |  | SOLE |  | 17590 | 0 | 0 |
| WESCO INTL INC COM | COM | 95082P105 |  | 336285 | 1590 | SH |  | SOLE |  | 1590 | 0 | 0 |
| WORLD FUEL SVCS CORP | COM | 981475106 |  | 280935 | 10826 | SH |  | SOLE |  | 10826 | 0 | 0 |
| ZOETIS INC | COM | 98978V103 |  | 5683414 | 38842 | SH |  | SOLE |  | 38182 | 0 | 660 |
| ZOOM VIDEO COMMUNICATIONS | COM | 98980L101 |  | 4094475 | 49630 | SH |  | SOLE |  | 45630 | 0 | 4000 |
| ACCENTURE PLC | ADR | G1151C101 |  | 4707101 | 19088 | SH |  | SOLE |  | 17818 | 0 | 1270 |
| AEGON N.V. | ADR | 0076CA104 |  | 483491 | 60512 | SH |  | SOLE |  | 58832 | 0 | 1680 |
| AERCAP HOLDINGS NV | ADR | N00985106 |  | 1669800 | 13800 | SH |  | SOLE |  | 13400 | 0 | 400 |
| ALIBABA GROUP HOLDING LTD | ADR | 01609W102 |  | 954418 | 5340 | SH |  | SOLE |  | 5190 | 0 | 150 |
| ANHEUSER BUSCH INBEV N V | ADR | 03524A108 |  | 1560888 | 26185 | SH |  | SOLE |  | 25455 | 0 | 730 |
| ARCELORMITTAL S A | ADR | 03938L203 |  | 815797 | 22567 | SH |  | SOLE |  | 21876 | 0 | 691 |
| ASML HOLDING N.V. | ADR | N07059210 |  | 968090 | 1000 | SH |  | SOLE |  | 950 | 0 | 50 |
| BAIDU INC | ADR | 056752108 |  | 803797 | 6100 | SH |  | SOLE |  | 5945 | 0 | 155 |
| BHP GROUP LIMITED | ADR | 088606108 |  | 1260675 | 22613 | SH |  | SOLE |  | 21963 | 0 | 650 |
| BK NOVA SCOTIA HALIFAX | ADR | 064149107 |  | 1768177 | 27350 | SH |  | SOLE |  | 26550 | 0 | 800 |
| BP PLC | ADR | 055622104 |  | 849542 | 24653 | SH |  | SOLE |  | 24058 | 0 | 595 |
| CMB.TECH NV SHS | ADR | B38564108 |  | 389215 | 41450 | SH |  | SOLE |  | 40250 | 0 | 1200 |
| DEUTSCHE BANK AG | ADR | D18190898 |  | 955362 | 26980 | SH |  | SOLE |  | 26210 | 0 | 770 |
| DIAGEO PLC | ADR | 25243Q205 |  | 1266356 | 13270 | SH |  | SOLE |  | 12880 | 0 | 390 |
| FERGUSON PLC COMMON STOCK NEW | ADR | 31488V107 |  | 1841556 | 8200 | SH |  | SOLE |  | 7950 | 0 | 250 |
| FERRARI NV NEW | ADR | N3167Y103 |  | 2620188 | 5400 | SH |  | SOLE |  | 5300 | 0 | 100 |
| FRESENIUS MEDICAL CARE AG SPON | ADR | 358029106 |  | 1079530 | 41000 | SH |  | SOLE |  | 39850 | 0 | 1150 |
| GSK PLC | ADR | 37733W204 |  | 817537 | 18942 | SH |  | SOLE |  | 18462 | 0 | 480 |
| HALEON PLC | ADR | 405552100 |  | 244926 | 27305 | SH |  | SOLE |  | 26705 | 0 | 600 |
| HONDA MOTOR CO LTD ADR | ADR | 438128308 |  | 2528218 | 82085 | SH |  | SOLE |  | 79555 | 0 | 2530 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 1026308 | 33950 | SH |  | SOLE |  | 32750 | 0 | 1200 |
| ICON PLC | ADR | G4705A100 |  | 1306900 | 7468 | SH |  | SOLE |  | 7253 | 0 | 215 |
| ING GROEP N V | ADR | 456837103 |  | 2562751 | 98265 | SH |  | SOLE |  | 95640 | 0 | 2625 |
| INTERCONTINENTAL HOTELS GROUP | ADR | 45857P806 |  | 2022860 | 16682 | SH |  | SOLE |  | 16188 | 0 | 494 |
| INVESCO LTD | ADR | G491BT108 |  | 1883374 | 82100 | SH |  | SOLE |  | 79915 | 0 | 2185 |
| IQIYI INC | ADR | 46267X108 |  | 29184 | 11400 | SH |  | SOLE |  | 10950 | 0 | 450 |
| JD.COM INC | ADR | 47215P106 |  | 655875 | 18750 | SH |  | SOLE |  | 18250 | 0 | 500 |
| KONINKLIJKE PHILIPS N V | ADR | 500472303 |  | 2126494 | 78008 | SH |  | SOLE |  | 75970 | 0 | 2038 |
| LINDE PLC | ADR | G54950103 |  | 2526050 | 5318 | SH |  | SOLE |  | 5218 | 0 | 100 |
| MEDTRONIC PLC | ADR | G5960L103 |  | 4442416 | 46644 | SH |  | SOLE |  | 44264 | 0 | 2380 |
| MITSUBISHI UFJ FINANCIAL GROUP | ADR | 606822104 |  | 1379607 | 86550 | SH |  | SOLE |  | 84050 | 0 | 2500 |
| NATIONAL GRID PLC | ADR | 636274409 |  | 1000593 | 13769 | SH |  | SOLE |  | 13407 | 0 | 362 |
| NEWS CORP | ADR | 65249B208 |  | 933541 | 27020 | SH |  | SOLE |  | 26035 | 0 | 985 |
| NICE LTD | ADR | 653656108 |  | 564642 | 3900 | SH |  | SOLE |  | 3800 | 0 | 100 |
| NOVARTIS AG ADR | ADR | 66987V109 |  | 1867431 | 14562 | SH |  | SOLE |  | 14162 | 0 | 400 |
| NOVO NORDISK A/S | ADR | 670100205 |  | 898938 | 16200 | SH |  | SOLE |  | 15750 | 0 | 450 |
| NXP SEMICONDUCTOR NV | ADR | N6596X109 |  | 1324478 | 5816 | SH |  | SOLE |  | 5616 | 0 | 200 |
| ROYAL CARIBBEAN CRUISES LTD | ADR | V7780T103 |  | 5387283 | 16649 | SH |  | SOLE |  | 16649 | 0 | 0 |
| SAP SE | ADR | 803054204 |  | 4057584 | 15185 | SH |  | SOLE |  | 14735 | 0 | 450 |
| SEA LTD | ADR | 81141R100 |  | 789093 | 4415 | SH |  | SOLE |  | 4315 | 0 | 100 |
| SHELL PLC | ADR | 780259305 |  | 1719295 | 24036 | SH |  | SOLE |  | 23346 | 0 | 690 |
| SHOPIFY INC CL A | ADR | 82509L107 |  | 2515967 | 16930 | SH |  | SOLE |  | 16530 | 0 | 400 |
| SMITH  NEPHEW PLC | ADR | 83175M205 |  | 786949 | 21685 | SH |  | SOLE |  | 21080 | 0 | 605 |
| SONY GROUP CORPORATION - ADR | ADR | 835699307 |  | 5431953 | 188675 | SH |  | SOLE |  | 180675 | 0 | 8000 |
| ST MICROELECTRONICS N V | ADR | 861012102 |  | 1631591 | 57735 | SH |  | SOLE |  | 56075 | 0 | 1660 |
| TAIWAN SEMICONDUCTOR MFG | ADR | 874039100 |  | 3965639 | 14199 | SH |  | SOLE |  | 13799 | 0 | 400 |
| TAKEDA PHARMACEUTIC COMPANY | ADR | 874060205 |  | 902556 | 61650 | SH |  | SOLE |  | 59850 | 0 | 1800 |
| TENARIS SA | ADR | 88031M109 |  | 1761494 | 49245 | SH |  | SOLE |  | 47860 | 0 | 1385 |
| TORONTO DOMINION BK NEW | ADR | 891160509 |  | 1834852 | 22950 | SH |  | SOLE |  | 22300 | 0 | 650 |
| UBS GROUP AG | ADR | H42097107 |  | 3848506 | 93866 | SH |  | SOLE |  | 91111 | 0 | 2755 |
| UNILEVER PLC | ADR | 904767704 |  | 468371 | 7901 | SH |  | SOLE |  | 7661 | 0 | 240 |
| YUM CHINA HOLDINGS INC | ADR | 98850P109 |  | 783290 | 18250 | SH |  | SOLE |  | 17700 | 0 | 550 |
| ALERIAN MLP ETF | COM | 00162Q452 |  | 1354447 | 28861 | SH |  | SOLE |  | 28861 | 0 | 0 |
| APLS O'SHARES US QUALITY DIVID | COM | 00162Q387 |  | 307238 | 5434 | SH |  | SOLE |  | 5434 | 0 | 0 |
| CORE S 500 | COM | 464287200 |  | 61909054 | 92498 | SH |  | SOLE |  | 70956 | 0 | 21542 |
| CORE S MIDCAP | COM | 464287507 |  | 890799 | 13650 | SH |  | SOLE |  | 13650 | 0 | 0 |
| CORE S SMALLCAP 600 INDEX | COM | 464287804 |  | 361243 | 3040 | SH |  | SOLE |  | 3040 | 0 | 0 |
| HEALTH CARE SELECT SPDR | COM | 81369Y209 |  | 1995280 | 14337 | SH |  | SOLE |  | 14337 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT | COM | 46137V357 |  | 3503809 | 18470 | SH |  | SOLE |  | 6250 | 0 | 12220 |
| ISHARES BITCOIN TRUST ETF | COM | 46438F101 |  | 624000 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| iSHARES CORE MSCI EAFE ETF | COM | 46432F842 |  | 20277074 | 232242 | SH |  | SOLE |  | 140763 | 0 | 91480 |
| iSHARES CORE MSCI EMERGING MAR | COM | 46434G103 |  | 7372078 | 111834 | SH |  | SOLE |  | 49999 | 0 | 61835 |
| ISHARES CURRENCY HEDGED MSCI E | COM | 46434V803 |  | 361679 | 9131 | SH |  | SOLE |  | 9131 | 0 | 0 |
| iSHARES DJ SELECT DIVIDEND IND | COM | 464287168 |  | 6728924 | 47353 | SH |  | SOLE |  | 39964 | 0 | 7389 |
| iSHARES MSCI ACWI INDEX FUND | COM | 464288257 |  | 676132 | 4891 | SH |  | SOLE |  | 4891 | 0 | 0 |
| iSHARES MSCI ACWI INDEX FUND | COM | 464288240 |  | 1444912 | 22226 | SH |  | SOLE |  | 22226 | 0 | 0 |
| iSHARES MSCI EAFE GROWTH INDEX | COM | 464288885 |  | 469589 | 4124 | SH |  | SOLE |  | 4038 | 0 | 85 |
| ISHARES MSCI EMERGING MKTS IND | COM | 464287234 |  | 1364744 | 25557 | SH |  | SOLE |  | 25257 | 0 | 300 |
| iSHARES MSCI PACIFIC EX JAPAN | COM | 464286665 |  | 591269 | 11468 | SH |  | SOLE |  | 37 | 0 | 11431 |
| iSHARES RUSSELL 1000 ETF | COM | 464287622 |  | 5178486 | 14169 | SH |  | SOLE |  | 14169 | 0 | 0 |
| iSHARES RUSSELL 2000 INDEX FUN | COM | 464287655 |  | 1357880 | 5612 | SH |  | SOLE |  | 5612 | 0 | 0 |
| iSHARES RUSSELL 2000 INDEX FUN | COM | 464287655 |  | 83718 | 346 | SH |  | OTR |  | 346 | 0 | 0 |
| iSHARES S 100 INDEX FUND | COM | 464287101 |  | 1358320 | 4081 | SH |  | SOLE |  | 4081 | 0 | 0 |
| iSHARES S 500 GROWTH INDEX | COM | 464287309 |  | 1740541 | 14418 | SH |  | SOLE |  | 14418 | 0 | 0 |
| iSHARES S MIDCAP GROWTH INDE | COM | 464287606 |  | 509559 | 5314 | SH |  | SOLE |  | 5314 | 0 | 0 |
| JPMORGAN EQUITY PREMIUM INCOME | COM | 46641Q332 |  | 1149423 | 20130 | SH |  | SOLE |  | 20130 | 0 | 0 |
| MSCI EAFE INDEX | COM | 464287465 |  | 1321652 | 14155 | SH |  | SOLE |  | 14155 | 0 | 0 |
| POWERSHARES S 500 LOW VOLATI | COM | 46138E354 |  | 545956 | 7430 | SH |  | SOLE |  | 7430 | 0 | 0 |
| RUSSELL 1000 GROWTH INDEX | COM | 464287614 |  | 35376943 | 75526 | SH |  | SOLE |  | 50290 | 0 | 25235 |
| RUSSELL 1000 VALUE INDEX | COM | 464287598 |  | 4312914 | 21184 | SH |  | SOLE |  | 21184 | 0 | 0 |
| RUSSELL 2000 GROWTH INDEX | COM | 464287648 |  | 1910639 | 5970 | SH |  | SOLE |  | 5970 | 0 | 0 |
| RUSSELL 2000 VALUE INDEX | COM | 464287630 |  | 1036283 | 5861 | SH |  | SOLE |  | 5861 | 0 | 0 |
| RUSSELL MIDCAP GROWTH INDEX | COM | 464287481 |  | 1788954 | 12562 | SH |  | SOLE |  | 12562 | 0 | 0 |
| RUSSELL MIDCAP INDEX | COM | 464287499 |  | 3259140 | 33756 | SH |  | SOLE |  | 33756 | 0 | 0 |
| RUSSELL MIDCAP INDEX | COM | 464287499 |  | 97902 | 1014 | SH |  | OTR |  | 1014 | 0 | 0 |
| RUSSELL MIDCAP VALUE INDEX | COM | 464287473 |  | 527859 | 3779 | SH |  | SOLE |  | 3779 | 0 | 0 |
| S 500 DEPOSITARY RECEIPTS | COM | 78462F103 |  | 4495383 | 6748 | SH |  | SOLE |  | 6748 | 0 | 0 |
| SCHWAB INTERNATIONAL EQUITY ET | COM | 808524805 |  | 218413 | 9382 | SH |  | SOLE |  | 9382 | 0 | 0 |
| SCHWAB U.S. SMALL CAP ETF | COM | 808524607 |  | 249314 | 8936 | SH |  | SOLE |  | 8936 | 0 | 0 |
| SCHWAB US BROAD MARKET ETF | COM | 808524102 |  | 4428491 | 172248 | SH |  | SOLE |  | 172248 | 0 | 0 |
| SCHWAB US LARGE CAP ETF | COM | 808524201 |  | 425154 | 16141 | SH |  | SOLE |  | 16141 | 0 | 0 |
| SCHWAB US LARGE CAP GROWTH ETF | COM | 808524300 |  | 222604 | 6976 | SH |  | SOLE |  | 6976 | 0 | 0 |
| SCHWAB US MID CAP ETF | COM | 808524508 |  | 331672 | 11190 | SH |  | SOLE |  | 11190 | 0 | 0 |
| SPDR GOLD TRUST | COM | 78463V107 |  | 348361 | 980 | SH |  | SOLE |  | 980 | 0 | 0 |
| SPDR S BIOTECH ETF | COM | 78464A870 |  | 2474439 | 24695 | SH |  | SOLE |  | 24695 | 0 | 0 |
| SPROTT PHYSICAL GOLD  SILVER | COM | 85208R101 |  | 1134748 | 30928 | SH |  | SOLE |  | 30928 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR | COM | 81369Y803 |  | 1374631 | 4877 | SH |  | SOLE |  | 4877 | 0 | 0 |
| THE iSHARES CORE MSCI EUROPE E | COM | 46434V738 |  | 361377 | 5305 | SH |  | SOLE |  | 5305 | 0 | 0 |
| VANGUARD DIVIDEND APP INDEX FU | COM | 921908844 |  | 821297 | 3806 | SH |  | SOLE |  | 3806 | 0 | 0 |
| VANGUARD EMERGING MARKETS ETF | COM | 922042858 |  | 1413935 | 26097 | SH |  | SOLE |  | 26097 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKET | COM | 921943858 |  | 4975996 | 83044 | SH |  | SOLE |  | 83044 | 0 | 0 |
| VANGUARD GROWTH ETF | COM | 922908736 |  | 227614 | 475 | SH |  | SOLE |  | 475 | 0 | 0 |
| VANGUARD HEALTH CARE | COM | 92204A504 |  | 386041 | 1487 | SH |  | SOLE |  | 1487 | 0 | 0 |
| VANGUARD HIGH DIVIDEND YIELD E | COM | 921946406 |  | 247704 | 1757 | SH |  | SOLE |  | 20 | 0 | 1737 |
| VANGUARD INTL HIGH DIV YIELD F | COM | 921946794 |  | 319677 | 3775 | SH |  | SOLE |  | 0 | 0 | 3775 |
| VANGUARD LARGE CAP ETF | COM | 922908637 |  | 485187 | 1576 | SH |  | SOLE |  | 1576 | 0 | 0 |
| VANGUARD MID CAP ETF | COM | 922908629 |  | 2411605 | 8210 | SH |  | SOLE |  | 8210 | 0 | 0 |
| VANGUARD MID CAP GROWTH INDEX | COM | 922908538 |  | 12738715 | 43360 | SH |  | SOLE |  | 24300 | 0 | 19060 |
| VANGUARD MID CAP VALUE INDEX F | COM | 922908512 |  | 9132782 | 52313 | SH |  | SOLE |  | 19148 | 0 | 33165 |
| VANGUARD MSCI EUROPEAN ETF | COM | 922042874 |  | 227350 | 2849 | SH |  | SOLE |  | 2849 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | COM | 922908553 |  | 1896087 | 20740 | SH |  | SOLE |  | 14743 | 0 | 5997 |
| VANGUARD RUSSELL 1000 VALUE | COM | 92206C714 |  | 10349421 | 115804 | SH |  | SOLE |  | 11722 | 0 | 104082 |
| VANGUARD S 500 INDEX FUND | COM | 922908363 |  | 3767362 | 6152 | SH |  | SOLE |  | 6152 | 0 | 0 |
| VANGUARD SMALL CAP ETF | COM | 922908751 |  | 3542629 | 13932 | SH |  | SOLE |  | 13932 | 0 | 0 |
| VANGUARD SMALL CAP GROWTH ETF | COM | 922908595 |  | 9429388 | 31683 | SH |  | SOLE |  | 19964 | 0 | 11718 |
| VANGUARD SMALL CAP VALUE | COM | 922908611 |  | 10542467 | 50513 | SH |  | SOLE |  | 26189 | 0 | 24324 |
| VANGUARD US TOTAL EQUITY MARKE | COM | 922908769 |  | 11478017 | 34976 | SH |  | SOLE |  | 34976 | 0 | 0 |
| WISDOMTREE EFFICIENT GOLD PLUS | COM | 97717Y550 |  | 715230 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |

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