# EDGAR Filing Document

**Accession Number:** 0001372130
**File Stem:** 0001372130-23-000001
**Filing Date:** 2023-2
**Character Count:** 26168
**Document Hash:** 478836214356e46c47e62e5a778ddc3f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001372130-23-000001.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001372130-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HEADINVEST, LLC
- **CENTRAL INDEX KEY:** 0001372130
- **IRS NUMBER:** 204445689
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11969
- **FILM NUMBER:** 23619297

**BUSINESS ADDRESS:**
- **STREET 1:** 7 CUSTOM HOUSE STREET
- **STREET 2:** 4TH FLOOR
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 207-773-5333

**MAIL ADDRESS:**
- **STREET 1:** 7 CUSTOM HOUSE STREET
- **STREET 2:** 4TH FLOOR
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Head & Associates, LLC
- **DATE OF NAME CHANGE:** 20060809

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HEADINVEST LLC<br>**Address:** 7 CUSTOM HOUSE STREET<br>4TH FLOOR<br>PORTLAND, ME 04101

**Form 13F File Number:** 028-11969

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:** Carl G Gercke<br>**Title:** Managing Director<br>**Phone:** 12077735333

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

CARL  Portland, ME  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 211

**Form 13F Information Table Value Total:** $417400

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC COM | Stock | 023135106 |  | 2011884 | 23951 | SH |  | SOLE |  | 23951 | 0 | 0 |
| CAMDEN NATL CORP COM | Stock | 133034108 |  | 292622 | 7019 | SH |  | SOLE |  | 7019 | 0 | 0 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 755210 | 7613 | SH |  | SOLE |  | 7613 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 3410588 | 19307 | SH |  | SOLE |  | 19307 | 0 | 0 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 235320 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 7639570 | 39958 | SH |  | SOLE |  | 39958 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 1042239 | 2283 | SH |  | SOLE |  | 2283 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 435062 | 1267 | SH |  | SOLE |  | 1267 | 0 | 0 |
| ISHARES MSCI KLD 400 SOCIAL ETF | ETF | 464288570 |  | 2579845 | 35936 | SH |  | SOLE |  | 35936 | 0 | 0 |
| SHELL PLC SPON ADS | ADR | 780259305 |  | 431112 | 7570 | SH |  | SOLE |  | 7570 | 0 | 0 |
| YUM BRANDS INC COM | Stock | 988498101 |  | 256928 | 2006 | SH |  | SOLE |  | 2006 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 18400900 | 121410 | SH |  | SOLE |  | 121410 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 956163 | 15032 | SH |  | SOLE |  | 15031 | 0 | 0 |
| GENERAL MLS INC COM | Stock | 370334104 |  | 732765 | 8739 | SH |  | SOLE |  | 8739 | 0 | 0 |
| OCCIDENTAL PETE CORP COM | Stock | 674599105 |  | 375042 | 5954 | SH |  | SOLE |  | 5954 | 0 | 0 |
| TRUIST FINL CORP COM | Stock | 89832Q109 |  | 2008468 | 46676 | SH |  | SOLE |  | 46676 | 0 | 0 |
| UNITED PARCEL SERVICE INC CL B | Stock | 911312106 |  | 7592636 | 43676 | SH |  | SOLE |  | 43676 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 499499 | 6056 | SH |  | SOLE |  | 6056 | 0 | 0 |
| INTEL CORP COM | Stock | 458140100 |  | 501777 | 18985 | SH |  | SOLE |  | 18985 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 4283771 | 55118 | SH |  | SOLE |  | 55118 | 0 | 0 |
| FORTIVE CORP COM | Stock | 34959J108 |  | 2415350 | 37593 | SH |  | SOLE |  | 37593 | 0 | 0 |
| PACCAR INC COM | Stock | 693718108 |  | 649540 | 6563 | SH |  | SOLE |  | 6563 | 0 | 0 |
| WATERS CORP COM | Stock | 941848103 |  | 8777927 | 25623 | SH |  | SOLE |  | 25623 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 3000421 | 27043 | SH |  | SOLE |  | 27043 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 1530867 | 4003 | SH |  | SOLE |  | 4003 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 1673972 | 4814 | SH |  | SOLE |  | 4814 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | Stock | 452308109 |  | 381780 | 1733 | SH |  | SOLE |  | 1733 | 0 | 0 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 6521526 | 67890 | SH |  | SOLE |  | 67890 | 0 | 0 |
| DIAGEO PLC SPON ADR NEW | ADR | 25243Q205 |  | 355845 | 1997 | SH |  | SOLE |  | 1997 | 0 | 0 |
| ISHARES TIPS BOND ETF | ETF | 464287176 |  | 509209 | 4784 | SH |  | SOLE |  | 4784 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC COM | Stock | 92532F100 |  | 330942 | 1146 | SH |  | SOLE |  | 1146 | 0 | 0 |
| SMUCKER J M CO COM NEW | Stock | 832696405 |  | 760608 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| CORNING INC COM | Stock | 219350105 |  | 339363 | 10625 | SH |  | SOLE |  | 10625 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 483005 | 12259 | SH |  | SOLE |  | 12259 | 0 | 0 |
| UNUM GROUP COM | Stock | 91529Y106 |  | 262797 | 6405 | SH |  | SOLE |  | 6405 | 0 | 0 |
| CHUBB LIMITED COM | Stock | H1467J104 |  | 656726 | 2977 | SH |  | SOLE |  | 2977 | 0 | 0 |
| MARVELL TECHNOLOGY INC COM | Stock | 573874104 |  | 204164 | 5512 | SH |  | SOLE |  | 5512 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 9391446 | 51984 | SH |  | SOLE |  | 51984 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | ETF | 464287457 |  | 2559965 | 31538 | SH |  | SOLE |  | 31538 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | Stock | 494368103 |  | 463451 | 3414 | SH |  | SOLE |  | 3414 | 0 | 0 |
| HONEYWELL INTL INC COM | Stock | 438516106 |  | 6050546 | 28234 | SH |  | SOLE |  | 28234 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | Stock | G8994E103 |  | 369630 | 2199 | SH |  | SOLE |  | 2199 | 0 | 0 |
| US BANCORP DEL COM NEW | Stock | 902973304 |  | 318004 | 7292 | SH |  | SOLE |  | 7292 | 0 | 0 |
| XCEL ENERGY INC COM | Stock | 98389B100 |  | 358753 | 5117 | SH |  | SOLE |  | 5117 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 1085927 | 3438 | SH |  | SOLE |  | 3438 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC COM | Stock | 053015103 |  | 1495264 | 6260 | SH |  | SOLE |  | 6260 | 0 | 0 |
| DUPONT DE NEMOURS INC COM | Stock | 26614N102 |  | 276579 | 4030 | SH |  | SOLE |  | 4030 | 0 | 0 |
| ISHARES ESG AWARE 1-5 YEAR USD CORPORATE BOND ETF | ETF | 46435G243 |  | 209960 | 8833 | SH |  | SOLE |  | 8833 | 0 | 0 |
| HEALTH CARE SELECT SECTOR SPDR FUND | ETF | 81369Y209 |  | 266130 | 1959 | SH |  | SOLE |  | 1959 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 1017670 | 5999 | SH |  | SOLE |  | 5999 | 0 | 0 |
| BECTON DICKINSON  CO COM | Stock | 075887109 |  | 545219 | 2144 | SH |  | SOLE |  | 2144 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 278940 | 1302 | SH |  | SOLE |  | 1302 | 0 | 0 |
| JPMORGAN ULTRA-SHORT INCOME ETF | ETF | 46641Q837 |  | 1372309 | 27375 | SH |  | SOLE |  | 27375 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP GROWTH ETF | ETF | 808524300 |  | 475649 | 8561 | SH |  | SOLE |  | 8561 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 25867784 | 273328 | SH |  | SOLE |  | 273328 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 1657866 | 5367 | SH |  | SOLE |  | 5367 | 0 | 0 |
| SCHWAB EMERGING MARKETS EQUITY ETF | ETF | 808524706 |  | 316208 | 13359 | SH |  | SOLE |  | 13359 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED COM | Stock | 00724F101 |  | 960120 | 2853 | SH |  | SOLE |  | 2853 | 0 | 0 |
| VANGUARD SHORT-TERM CORPORATE BOND ETF | ETF | 92206C409 |  | 8784373 | 116829 | SH |  | SOLE |  | 116829 | 0 | 0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF | ETF | 92206C870 |  | 4385516 | 56580 | SH |  | SOLE |  | 56580 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 3987908 | 45199 | SH |  | SOLE |  | 45199 | 0 | 0 |
| FISERV INC COM | Stock | 337738108 |  | 7490197 | 74109 | SH |  | SOLE |  | 74109 | 0 | 0 |
| OREILLY AUTOMOTIVE INC COM | Stock | 67103H107 |  | 204255 | 242 | SH |  | SOLE |  | 242 | 0 | 0 |
| INTUIT COM | Stock | 461202103 |  | 7371438 | 18939 | SH |  | SOLE |  | 18939 | 0 | 0 |
| UNILEVER PLC SPON ADR NEW | ADR | 904767704 |  | 4190782 | 83233 | SH |  | SOLE |  | 83233 | 0 | 0 |
| NEWMONT CORP COM | Stock | 651639106 |  | 566778 | 12008 | SH |  | SOLE |  | 12008 | 0 | 0 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 215835 | 6172 | SH |  | SOLE |  | 6172 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 14844377 | 61898 | SH |  | SOLE |  | 61897 | 0 | 0 |
| SCHLUMBERGER LTD COM STK | Stock | 806857108 |  | 1722588 | 32222 | SH |  | SOLE |  | 32222 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 6004884 | 64437 | SH |  | SOLE |  | 64437 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 466510 | 2449 | SH |  | SOLE |  | 2449 | 0 | 0 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 4109094 | 22388 | SH |  | SOLE |  | 22388 | 0 | 0 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 6882664 | 33770 | SH |  | SOLE |  | 33770 | 0 | 0 |
| VANGUARD LARGE-CAP ETF | ETF | 922908637 |  | 8934195 | 51287 | SH |  | SOLE |  | 51287 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 1988259 | 23783 | SH |  | SOLE |  | 23783 | 0 | 0 |
| NIKE INC CL B | Stock | 654106103 |  | 759749 | 6493 | SH |  | SOLE |  | 6493 | 0 | 0 |
| VANGUARD SHORT-TERM TREASURY ETF | ETF | 92206C102 |  | 2715616 | 46967 | SH |  | SOLE |  | 46966 | 0 | 0 |
| LINDE PLC SHS | Stock | G5494J103 |  | 6388888 | 19587 | SH |  | SOLE |  | 19587 | 0 | 0 |
| JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF | ETF | 46641Q654 |  | 546789 | 10820 | SH |  | SOLE |  | 10820 | 0 | 0 |
| FINANCIAL SELECT SECTOR SPDR FUND | ETF | 81369Y605 |  | 813173 | 23777 | SH |  | SOLE |  | 23777 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | Stock | 655844108 |  | 232867 | 945 | SH |  | SOLE |  | 945 | 0 | 0 |
| PUBLIC STORAGE COM | REIT | 74460D109 |  | 287195 | 1025 | SH |  | SOLE |  | 1025 | 0 | 0 |
| TEMPLETON GLOBAL INCOME FD COM | CEF | 880198106 |  | 61486 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 |  | 410533 | 7405 | SH |  | SOLE |  | 7405 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 460544 | 1442 | SH |  | SOLE |  | 1441 | 0 | 0 |
| AMPHENOL CORP NEW CL A | Stock | 032095101 |  | 532980 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| INTERNATIONAL FLAVORS COM | Stock | 459506101 |  | 228551 | 2180 | SH |  | SOLE |  | 2180 | 0 | 0 |
| DOW INC COM | Stock | 260557103 |  | 518362 | 10287 | SH |  | SOLE |  | 10287 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 1607381 | 4575 | SH |  | SOLE |  | 4575 | 0 | 0 |
| ISHARES IBONDS 2023 TERM HIGH YIELD  INCOME ETF | ETF | 46435U150 |  | 231180 | 9850 | SH |  | SOLE |  | 9850 | 0 | 0 |
| ISHARES IBONDS 2025 TERM HIGH YIELD  INCOME ETF | ETF | 46435U168 |  | 228477 | 10150 | SH |  | SOLE |  | 10150 | 0 | 0 |
| ISHARES IBONDS 2024 TERM HIGH YIELD  INCOME ETF | ETF | 46435U184 |  | 231074 | 10175 | SH |  | SOLE |  | 10175 | 0 | 0 |
| LILLY ELI  CO COM | Stock | 532457108 |  | 313891 | 858 | SH |  | SOLE |  | 858 | 0 | 0 |
| AIR PRODS  CHEMS INC COM | Stock | 009158106 |  | 443894 | 1440 | SH |  | SOLE |  | 1440 | 0 | 0 |
| SCHWAB U.S. MID-CAP ETF | ETF | 808524508 |  | 267015 | 4070 | SH |  | SOLE |  | 4069 | 0 | 0 |
| HOLOGIC INC COM | Stock | 436440101 |  | 801365 | 10712 | SH |  | SOLE |  | 10712 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 686325 | 6664 | SH |  | SOLE |  | 6664 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | Stock | 14448C104 |  | 1442183 | 34962 | SH |  | SOLE |  | 34962 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 345800 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| SYSCO CORP COM | Stock | 871829107 |  | 290357 | 3798 | SH |  | SOLE |  | 3798 | 0 | 0 |
| ISHARES 0-3 MONTH TREASURY BOND ETF | ETF | 46436E718 |  | 388844 | 3883 | SH |  | SOLE |  | 3883 | 0 | 0 |
| ISHARES SELECT DIVIDEND ETF | ETF | 464287168 |  | 266526 | 2210 | SH |  | SOLE |  | 2210 | 0 | 0 |
| AMERICAN ELEC PWR CO INC COM | Stock | 025537101 |  | 219619 | 2313 | SH |  | SOLE |  | 2313 | 0 | 0 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 2563601 | 33937 | SH |  | SOLE |  | 33937 | 0 | 0 |
| XYLEM INC COM | Stock | 98419M100 |  | 851500 | 7701 | SH |  | SOLE |  | 7701 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 835611 | 4022 | SH |  | SOLE |  | 4022 | 0 | 0 |
| HERSHEY CO COM | Stock | 427866108 |  | 837589 | 3617 | SH |  | SOLE |  | 3617 | 0 | 0 |
| ISHARES MSCI USA MIN VOL FACTOR ETF | ETF | 46429B697 |  | 458051 | 6353 | SH |  | SOLE |  | 6353 | 0 | 0 |
| DIMENSIONAL WORLD EX U.S. CORE EQUITY 2 ETF | ETF | 25434V880 |  | 503950 | 23331 | SH |  | SOLE |  | 23331 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 773719 | 5512 | SH |  | SOLE |  | 5512 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 638478 | 2996 | SH |  | SOLE |  | 2996 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | REIT | 03027X100 |  | 569268 | 2687 | SH |  | SOLE |  | 2687 | 0 | 0 |
| BCE INC COM NEW | Stock | 05534B760 |  | 356830 | 8119 | SH |  | SOLE |  | 8119 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | Stock | 697435105 |  | 1164461 | 8345 | SH |  | SOLE |  | 8345 | 0 | 0 |
| ISHARES IBONDS DEC 2032 TERM CORPORATE ETF | ETF | 46436E312 |  | 545603 | 22564 | SH |  | SOLE |  | 22564 | 0 | 0 |
| MONDELEZ INTL INC CL A | Stock | 609207105 |  | 812797 | 12195 | SH |  | SOLE |  | 12195 | 0 | 0 |
| WP CAREY INC COM | REIT | 92936U109 |  | 229544 | 2937 | SH |  | SOLE |  | 2937 | 0 | 0 |
| ISHARES IBONDS DEC 2032 TERM TREASURY ETF | ETF | 46436E296 |  | 454227 | 19655 | SH |  | SOLE |  | 19655 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 225889 | 404 | SH |  | SOLE |  | 404 | 0 | 0 |
| INVESCO BULLETSHARES 2032 CORPORATE BOND ETF | ETF | 46139W858 |  | 706950 | 35543 | SH |  | SOLE |  | 35543 | 0 | 0 |
| VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF | ETF | 922020805 |  | 1145423 | 24522 | SH |  | SOLE |  | 24522 | 0 | 0 |
| NOVARTIS AG SPONSORED ADR | ADR | 66987V109 |  | 1702724 | 18769 | SH |  | SOLE |  | 18769 | 0 | 0 |
| TOTALENERGIES SE SPONSORED ADS | ADR | 89151E109 |  | 1073363 | 17290 | SH |  | SOLE |  | 17290 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 2124617 | 117512 | SH |  | SOLE |  | 117512 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 9377825 | 35144 | SH |  | SOLE |  | 35144 | 0 | 0 |
| OMNICOM GROUP INC COM | Stock | 681919106 |  | 316165 | 3876 | SH |  | SOLE |  | 3876 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 1170289 | 8008 | SH |  | SOLE |  | 8008 | 0 | 0 |
| GENUINE PARTS CO COM | Stock | 372460105 |  | 643202 | 3707 | SH |  | SOLE |  | 3707 | 0 | 0 |
| MOSAIC CO NEW COM | Stock | 61945C103 |  | 701920 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 2324598 | 14384 | SH |  | SOLE |  | 14384 | 0 | 0 |
| S GLOBAL INC COM | Stock | 78409V104 |  | 367764 | 1098 | SH |  | SOLE |  | 1098 | 0 | 0 |
| ISHARES CORE MSCI EMERGING MARKETS ETF | ETF | 46434G103 |  | 1173898 | 25137 | SH |  | SOLE |  | 25137 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET ETF | ETF | 921937835 |  | 334559 | 4657 | SH |  | SOLE |  | 4657 | 0 | 0 |
| NORTHWEST NAT HLDG CO COM | Stock | 66765N105 |  | 252608 | 5308 | SH |  | SOLE |  | 5308 | 0 | 0 |
| ISHARES CORE 1-5 YEAR USD BOND ETF | ETF | 46432F859 |  | 1160628 | 24992 | SH |  | SOLE |  | 24992 | 0 | 0 |
| ZOETIS INC CL A | Stock | 98978V103 |  | 403452 | 2753 | SH |  | SOLE |  | 2753 | 0 | 0 |
| ROCKWELL AUTOMATION INC COM | Stock | 773903109 |  | 245979 | 955 | SH |  | SOLE |  | 955 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 725646 | 2968 | SH |  | SOLE |  | 2968 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 908987 | 8268 | SH |  | SOLE |  | 8268 | 0 | 0 |
| T-MOBILE US INC COM | Stock | 872590104 |  | 457240 | 3266 | SH |  | SOLE |  | 3266 | 0 | 0 |
| GENERAL DYNAMICS CORP COM | Stock | 369550108 |  | 230990 | 931 | SH |  | SOLE |  | 931 | 0 | 0 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 1371147 | 5203 | SH |  | SOLE |  | 5203 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC COM | Stock | 45866F104 |  | 1250264 | 12187 | SH |  | SOLE |  | 12187 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 4841653 | 101630 | SH |  | SOLE |  | 101630 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 268601 | 4147 | SH |  | SOLE |  | 4147 | 0 | 0 |
| AT INC COM | Stock | 00206R102 |  | 363119 | 19724 | SH |  | SOLE |  | 19724 | 0 | 0 |
| VANGUARD INTERMEDIATE-TERM BOND ETF | ETF | 921937819 |  | 1041223 | 14010 | SH |  | SOLE |  | 14010 | 0 | 0 |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND ETF | ETF | 921946885 |  | 202271 | 3317 | SH |  | SOLE |  | 3317 | 0 | 0 |
| ISHARES BIOTECHNOLOGY ETF | ETF | 464287556 |  | 891459 | 6790 | SH |  | SOLE |  | 6790 | 0 | 0 |
| HENRY SCHEIN INC COM | Stock | 806407102 |  | 226991 | 2842 | SH |  | SOLE |  | 2842 | 0 | 0 |
| GENERAL ELECTRIC CO COM NEW | Stock | 369604301 |  | 379485 | 4529 | SH |  | SOLE |  | 4529 | 0 | 0 |
| SKYWORKS SOLUTIONS INC COM | Stock | 83088M102 |  | 217254 | 2384 | SH |  | SOLE |  | 2384 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 1546558 | 4025 | SH |  | SOLE |  | 4025 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL COM | Stock | 592688105 |  | 635998 | 440 | SH |  | SOLE |  | 440 | 0 | 0 |
| UNION PAC CORP COM | Stock | 907818108 |  | 286792 | 1385 | SH |  | SOLE |  | 1385 | 0 | 0 |
| RIO TINTO PLC SPONSORED ADR | ADR | 767204100 |  | 534000 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| ECOLAB INC COM | Stock | 278865100 |  | 3647006 | 25055 | SH |  | SOLE |  | 25055 | 0 | 0 |
| ISHARES PREFERRED  INCOME SECURITIES ETF | ETF | 464288687 |  | 419246 | 13732 | SH |  | SOLE |  | 13732 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 657646 | 4960 | SH |  | SOLE |  | 4960 | 0 | 0 |
| IDEXX LABS INC COM | Stock | 45168D104 |  | 4326824 | 10606 | SH |  | SOLE |  | 10606 | 0 | 0 |
| REPUBLIC SVCS INC COM | Stock | 760759100 |  | 591032 | 4582 | SH |  | SOLE |  | 4582 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 361816 | 657 | SH |  | SOLE |  | 657 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 4178310 | 31158 | SH |  | SOLE |  | 31158 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 5087106 | 28342 | SH |  | SOLE |  | 28342 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 505512 | 4284 | SH |  | SOLE |  | 4284 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 5078328 | 120999 | SH |  | SOLE |  | 120999 | 0 | 0 |
| DANAHER CORPORATION COM | Stock | 235851102 |  | 11752267 | 44278 | SH |  | SOLE |  | 44278 | 0 | 0 |
| TJX COS INC NEW COM | Stock | 872540109 |  | 1838203 | 23093 | SH |  | SOLE |  | 23093 | 0 | 0 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 600929 | 18144 | SH |  | SOLE |  | 18144 | 0 | 0 |
| SPDR S DIVIDEND ETF | ETF | 78464A763 |  | 206432 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 6893688 | 48619 | SH |  | SOLE |  | 48619 | 0 | 0 |
| ISHARES INTERNATIONAL SELECT DIVIDEND ETF | ETF | 464288448 |  | 305115 | 11234 | SH |  | SOLE |  | 11234 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 971718 | 6897 | SH |  | SOLE |  | 6897 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 4462677 | 54596 | SH |  | SOLE |  | 54596 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | Stock | 75513E101 |  | 610465 | 6049 | SH |  | SOLE |  | 6049 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 4424269 | 113501 | SH |  | SOLE |  | 113501 | 0 | 0 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 7109747 | 43032 | SH |  | SOLE |  | 43032 | 0 | 0 |
| TARGET CORP COM | Stock | 87612E106 |  | 317157 | 2128 | SH |  | SOLE |  | 2128 | 0 | 0 |
| VANGUARD HIGH DIVIDEND YIELD INDEX ETF | ETF | 921946406 |  | 12824941 | 118519 | SH |  | SOLE |  | 118519 | 0 | 0 |
| PFIZER INC COM | Stock | 717081103 |  | 2323632 | 45348 | SH |  | SOLE |  | 45348 | 0 | 0 |
| ISHARES 0-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | ETF | 46434V100 |  | 232552 | 4859 | SH |  | SOLE |  | 4859 | 0 | 0 |
| 3M CO COM | Stock | 88579Y101 |  | 1502837 | 12532 | SH |  | SOLE |  | 12532 | 0 | 0 |
| KLA CORP COM NEW | Stock | 482480100 |  | 576598 | 1529 | SH |  | SOLE |  | 1529 | 0 | 0 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 224707 | 938 | SH |  | SOLE |  | 938 | 0 | 0 |
| ISHARES CURRENCY HEDGED MSCI EAFE ETF | ETF | 46434V803 |  | 458460 | 16980 | SH |  | SOLE |  | 16980 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 957131 | 10787 | SH |  | SOLE |  | 10787 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 5851196 | 39602 | SH |  | SOLE |  | 39602 | 0 | 0 |
| OTIS WORLDWIDE CORP COM | Stock | 68902V107 |  | 512147 | 6540 | SH |  | SOLE |  | 6540 | 0 | 0 |
| ANALOG DEVICES INC COM | Stock | 032654105 |  | 350532 | 2137 | SH |  | SOLE |  | 2137 | 0 | 0 |
| WISDOMTREE EUROPE QUALITY DIVIDEND GROWTH FUND | ETF | 97717X610 |  | 240034 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LTD ORD | Stock | M22465104 |  | 238821 | 1893 | SH |  | SOLE |  | 1893 | 0 | 0 |
| ISHARES CORE S U.S. GROWTH ETF | ETF | 464287671 |  | 240484 | 2950 | SH |  | SOLE |  | 2950 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 4791321 | 31553 | SH |  | SOLE |  | 31552 | 0 | 0 |
| ISHARES MSCI EAFE SMALL-CAP ETF | ETF | 464288273 |  | 420211 | 7440 | SH |  | SOLE |  | 7440 | 0 | 0 |
| ISHARES CORE DIVIDEND GROWTH ETF | ETF | 46434V621 |  | 571650 | 11433 | SH |  | SOLE |  | 11433 | 0 | 0 |
| EATON CORP PLC SHS | Stock | G29183103 |  | 1324030 | 8436 | SH |  | SOLE |  | 8436 | 0 | 0 |
| ESSENTIAL UTILS INC COM | Stock | 29670G102 |  | 207626 | 4350 | SH |  | SOLE |  | 4350 | 0 | 0 |
| VANGUARD SHORT-TERM BOND ETF | ETF | 921937827 |  | 11194211 | 148701 | SH |  | SOLE |  | 148701 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT TECHNOLOGY ETF | ETF | 46137V282 |  | 251727 | 1036 | SH |  | SOLE |  | 1036 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | Stock | 776696106 |  | 849057 | 1965 | SH |  | SOLE |  | 1965 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 2205627 | 30655 | SH |  | SOLE |  | 30655 | 0 | 0 |
| PROSHARES S MIDCAP 400 DIVIDEND ARISTOCRATS ETF | ETF | 74347B680 |  | 483821 | 6762 | SH |  | SOLE |  | 6762 | 0 | 0 |
| DOMINION ENERGY INC COM | Stock | 25746U109 |  | 562366 | 9171 | SH |  | SOLE |  | 9171 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 6686967 | 60625 | SH |  | SOLE |  | 60625 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 423614 | 799 | SH |  | SOLE |  | 799 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 278228 | 1396 | SH |  | SOLE |  | 1396 | 0 | 0 |
| COLGATE PALMOLIVE CO COM | Stock | 194162103 |  | 514105 | 6525 | SH |  | SOLE |  | 6525 | 0 | 0 |
| NOVO-NORDISK A S ADR | ADR | 670100205 |  | 11312800 | 83588 | SH |  | SOLE |  | 83588 | 0 | 0 |
| PAYPAL HLDGS INC COM | Stock | 70450Y103 |  | 408447 | 5735 | SH |  | SOLE |  | 5735 | 0 | 0 |
| DENTSPLY SIRONA INC COM | Stock | 24906P109 |  | 873276 | 27427 | SH |  | SOLE |  | 27427 | 0 | 0 |
| CROWN CASTLE INC COM | REIT | 22822V101 |  | 986510 | 7273 | SH |  | SOLE |  | 7273 | 0 | 0 |
| PROSHARES RUSSELL 2000 DIVIDEND GROWERS ETF | ETF | 74347B698 |  | 274263 | 4469 | SH |  | SOLE |  | 4469 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 3126912 | 12927 | SH |  | SOLE |  | 12927 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 1762631 | 26853 | SH |  | SOLE |  | 26853 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 7610943 | 58577 | SH |  | SOLE |  | 58577 | 0 | 0 |
| ABBOTT LABS COM | Stock | 002824100 |  | 1468002 | 13371 | SH |  | SOLE |  | 13371 | 0 | 0 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 375930 | 4327 | SH |  | SOLE |  | 4327 | 0 | 0 |
| ISHARES RUSSELL 1000 ETF | ETF | 464287622 |  | 593456 | 2819 | SH |  | SOLE |  | 2819 | 0 | 0 |

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