# EDGAR Filing Document

**Accession Number:** 0001841015
**File Stem:** 0001841015-23-000001
**Filing Date:** 2023-1
**Character Count:** 17355
**Document Hash:** 95fc71370cd6fa42cde5a7e5121c825e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001841015-23-000001.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001841015-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**EFFECTIVENESS DATE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WD RUTHERFORD LLC
- **CENTRAL INDEX KEY:** 0001841015
- **IRS NUMBER:** 931276795
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20610
- **FILM NUMBER:** 23568615

**BUSINESS ADDRESS:**
- **STREET 1:** 10300 SW GREENBURG ROAD
- **STREET 2:** SUITE 115
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97223
- **BUSINESS PHONE:** 503-452-1210

**MAIL ADDRESS:**
- **STREET 1:** 10300 SW GREENBURG ROAD
- **STREET 2:** SUITE 115
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97223

### 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:** WD RUTHERFORD LLC<br>**Address:** 10300 SW GREENBURG ROAD<br>SUITE 115<br>PORTLAND, OR 97223

**Form 13F File Number:** 028-20610

**SEC File Number (if applicable):** 801-117368

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:** JAMES M. ULATOWSKI<br>**Title:** CHIEF OPERATING OFFICER<br>**Phone:** 503-452-1210

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

JAMES M. ULATOWSKI  PORTLAND, OR  01-30-2023<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:** 130

**Form 13F Information Table Value Total:** $127400489

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Laboratories | COM | 002824100 | BBG000B9ZXB4 | 282160 | 2570 | SH |  | SOLE |  | 0 | 0 | 2570 |
| Abbvie Inc. | COM | 00287Y109 | BBG0025Y4RY4 | 962872 | 5958 | SH |  | SOLE |  | 0 | 0 | 5958 |
| Accenture plc (Ireland) | INTL STK | G1151C101 | BBG000D9D830 | 4269 | 16 | SH |  | SOLE |  | 0 | 0 | 16 |
| Adobe Systems Inc. | COM | 00724F101 | BBG000BB5006 | 3237755 | 9571 | SH |  | SOLE |  | 0 | 0 | 9571 |
| Advanced Micro Devices Inc. | COM | 007903107 | BBG000BBQCY0 | 2556990 | 39233 | SH |  | SOLE |  | 0 | 0 | 39233 |
| Albemarle Corporation | COM | 012653101 | BBG000BJ26K7 | 7590 | 35 | SH |  | SOLE |  | 0 | 0 | 35 |
| Algoma Steel Group Eq Warrant | WARRANT | 015658115 |  | 5775 | 5000 | SH | Call | SOLE |  | 0 | 0 | 5000 |
| Alphabet Inc. Class A | COM | 02079K305 | BBG009S39JX6 | 3084521 | 34760 | SH |  | SOLE |  | 0 | 0 | 34760 |
| Alphabet Inc. Class C | COM | 02079K107 | BBG009S3NB30 | 611793 | 6870 | SH |  | SOLE |  | 0 | 0 | 6870 |
| Amazon Inc. | COM | 023135106 | BBG000BVPV84 | 2501940 | 29625 | SH |  | SOLE |  | 0 | 0 | 29625 |
| American Tower Corp. (REIT) | COM | 03027X100 | BBG000B9XYV2 | 752739 | 3518 | SH |  | SOLE |  | 0 | 0 | 3518 |
| Analog Devices Inc. | COM | 032654105 | BBG000BB6G37 | 5741 | 35 | SH |  | SOLE |  | 0 | 0 | 35 |
| Apple Inc. | COM | 037833100 | BBG000B9XRY4 | 5463484 | 41829 | SH |  | SOLE |  | 0 | 0 | 41829 |
| Applied Materials | COM | 038222105 | BBG000BBPFB9 | 89200 | 916 | SH |  | SOLE |  | 0 | 0 | 916 |
| Arista Networks Inc. | COM | 040413106 | BBG000N2HDY5 | 3042245 | 25030 | SH |  | SOLE |  | 0 | 0 | 25030 |
| AT  T Inc. | COM | 00206R102 | BBG000BSJK37 | 69498 | 3775 | SH |  | SOLE |  | 0 | 0 | 3775 |
| AutoZone Inc. | COM | 053332102 | BBG000C7LMS8 | 39459 | 16 | SH |  | SOLE |  | 0 | 0 | 16 |
| B Foods Inc. | COM | 05508R106 | BBG000RKXRQ1 | 92657 | 8310 | SH |  | SOLE |  | 0 | 0 | 8310 |
| Bank of America Corp. | COM | 060505104 | BBG000BCTLF6 | 36101 | 1090 | SH |  | SOLE |  | 0 | 0 | 1090 |
| Block Inc. Cl A | COM | 852234103 | BBG0018SLC07 | 268955 | 4280 | SH |  | SOLE |  | 0 | 0 | 4280 |
| Bristol-Myers Squibb Co. | COM | 110122108 | BBG000DQLV23 | 81663 | 1135 | SH |  | SOLE |  | 0 | 0 | 1135 |
| Broadcom Ltd | COM | Y09827109 | BBG00KHY5S69 | 111826 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| Bunge Ltd. | COM | G16962105 | BBG000DGPR66 | 1060954 | 10544 | SH |  | SOLE |  | 0 | 0 | 10544 |
| Cable One Inc. | COM | 12685J105 | BBG000F02T51 | 24915 | 35 | SH |  | SOLE |  | 0 | 0 | 35 |
| Cadence Design Systems Inc | COM | 127387108 | BBG000C13CD9 | 324493 | 2020 | SH |  | SOLE |  | 0 | 0 | 2020 |
| Canadian Pacific Railway Ltd (Canada) | INTL STK | 13645T100 | BBG000BCVMH9 | 87047 | 1167 | SH |  | SOLE |  | 0 | 0 | 1167 |
| Casey's General Stores Inc. | COM | 147528103 | BBG000BF0672 | 99836 | 445 | SH |  | SOLE |  | 0 | 0 | 445 |
| Caterpillar Inc. | COM | 149123101 | BBG000BF0K17 | 1238286 | 5169 | SH |  | SOLE |  | 0 | 0 | 5169 |
| Charles River Laboratories Intl | COM | 159864107 | BBG000BG5BL8 | 1308054 | 6003 | SH |  | SOLE |  | 0 | 0 | 6003 |
| Chevron Corp. | COM | 166764100 | BBG000K4ND22 | 3570774 | 19894 | SH |  | SOLE |  | 0 | 0 | 19894 |
| Chipotle Mexican Grill Inc. | COM | 169656105 | BBG000QX74T1 | 104062 | 75 | SH |  | SOLE |  | 0 | 0 | 75 |
| Church  Dwight Co. | COM | 171340102 | BBG000BFJT36 | 2926707 | 36042 | SH |  | SOLE |  | 0 | 0 | 36042 |
| Comcast Corporation | COM | 20030N101 | BBG000BFT2L4 | 241258 | 6899 | SH |  | SOLE |  | 0 | 0 | 6899 |
| Constellation Brands Inc. | COM | 21036P108 | BBG000J1QLT0 | 2173815 | 9285 | SH |  | SOLE |  | 0 | 0 | 9285 |
| Cooper Companies | COM | 216648402 | BBG000BG3445 | 3401933 | 10218 | SH |  | SOLE |  | 0 | 0 | 10218 |
| Costco Wholesale Inc. | COM | 22160K105 | BBG000F6H8W8 | 4775447 | 10441 | SH |  | SOLE |  | 0 | 0 | 10441 |
| CrowdStrike Holdings Inc | COM | 22788C105 | BBG00BLYKS03 | 13688 | 130 | SH |  | SOLE |  | 0 | 0 | 130 |
| Cummins Inc. | COM | 231021106 | BBG000BGPTV6 | 557752 | 2252 | SH |  | SOLE |  | 0 | 0 | 2252 |
| D.R. Horton Inc. | COM | 23331A109 | BBG000DQTXY6 | 8468 | 95 | SH |  | SOLE |  | 0 | 0 | 95 |
| Deere  Co. | COM | 244199105 | BBG000BH1NH9 | 746042 | 1740 | SH |  | SOLE |  | 0 | 0 | 1740 |
| Devon Energy Corporation | COM | 25179M103 | BBG000BBVJZ8 | 5843 | 95 | SH |  | SOLE |  | 0 | 0 | 95 |
| Dexcom Inc | COM | 252131107 | BBG000QTF8K1 | 7927 | 70 | SH |  | SOLE |  | 0 | 0 | 70 |
| DFA US Small Cap Value I | FD | 233203819 | BBG000BFY826 | 13187 | 336 | SH |  | SOLE |  | 0 | 0 | 336 |
| Digital Realty Trust (REIT) | COM | 253868103 | BBG000Q5ZRM7 | 57655 | 550 | SH |  | SOLE |  | 0 | 0 | 550 |
| Dollar General Corp. | COM | 256669102 | BBG000NV1KK7 | 272106 | 1105 | SH |  | SOLE |  | 0 | 0 | 1105 |
| e.l.f. Beauty Inc | COM | 26856L103 | BBG00DQ6VYP3 | 870422 | 15740 | SH |  | SOLE |  | 0 | 0 | 15740 |
| Edwards Lifesciences | COM | 28176E108 | BBG000BRXP69 | 3306715 | 44050 | SH |  | SOLE |  | 0 | 0 | 44050 |
| Eli Lilly and Company | COM | 532457108 | BBG000BNBDC2 | 190237 | 520 | SH |  | SOLE |  | 0 | 0 | 520 |
| Equinix Inc (REIT) | COM | 29444U700 | BBG000MBDGM6 | 26201 | 40 | SH |  | SOLE |  | 0 | 0 | 40 |
| Estee Lauder Cos Inc Cl A | COM | 518439104 | BBG000FKJRC5 | 1151230 | 4630 | SH |  | SOLE |  | 0 | 0 | 4630 |
| FedEx Corp. | COM | 31428X106 | BBG000BJF1Z8 | 12124 | 70 | SH |  | SOLE |  | 0 | 0 | 70 |
| Floor  Decor Holdings Inc. | COM | 339750101 | BBG007GJ2F81 | 225949 | 3245 | SH |  | SOLE |  | 0 | 0 | 3245 |
| Ford Motor Company | COM | 345370860 | BBG000BQPC32 | 259558 | 22318 | SH |  | SOLE |  | 0 | 0 | 22318 |
| Fortinet Inc. | COM | 34959E109 | BBG000BCMBG4 | 2331564 | 47565 | SH |  | SOLE |  | 0 | 0 | 47565 |
| Fortune Brands Innovations | COM | 34964C106 | BBG001B4BV87 | 20560 | 360 | SH |  | SOLE |  | 0 | 0 | 360 |
| General Electric Company | COM | 369604103 | BBG000BK6MB5 | 5027 | 60 | SH |  | SOLE |  | 0 | 0 | 60 |
| Genuine Parts Company | COM | 372460105 | BBG000BKL348 | 29497 | 170 | SH |  | SOLE |  | 0 | 0 | 170 |
| Goldman Sachs Group Inc. | COM | 38141G104 | BBG000C6CFJ5 | 357115 | 1030 | SH |  | SOLE |  | 0 | 0 | 1030 |
| Halliburton Company | COM | 406216101 | BBG000BKTFN2 | 1030577 | 26190 | SH |  | SOLE |  | 0 | 0 | 26190 |
| Henry Schein Inc. | COM | 806407102 | BBG000BNMMJ3 | 62299 | 780 | SH |  | SOLE |  | 0 | 0 | 780 |
| Home Depot Inc. | COM | 437076102 | BBG000BKZB36 | 3959937 | 12522 | SH |  | SOLE |  | 0 | 0 | 12522 |
| Honeywell Intl. Inc | COM | 438516106 | BBG000H556T9 | 2325155 | 10715 | SH |  | SOLE |  | 0 | 0 | 10715 |
| Huntington Bancshares Inc. | COM | 446150104 | BBG000BKWSR6 | 16497 | 1170 | SH |  | SOLE |  | 0 | 0 | 1170 |
| IDEXX Laboratories Inc. | COM | 45168D104 | BBG000BLRT07 | 3035222 | 7390 | SH |  | SOLE |  | 0 | 0 | 7390 |
| Intuitive Surgical | COM | 46120E602 | BBG000BJPDZ1 | 2958653 | 11060 | SH |  | SOLE |  | 0 | 0 | 11060 |
| JPMorgan Chase  Co. | COM | 46625H100 | BBG000DMBXR2 | 3041388 | 22645 | SH |  | SOLE |  | 0 | 0 | 22645 |
| Keurig Dr Pepper Inc | COM | 49271V100 | BBG000TJM7F0 | 5171 | 145 | SH |  | SOLE |  | 0 | 0 | 145 |
| KeyCorp | COM | 493267108 | BBG000BMQPL1 | 917076 | 52645 | SH |  | SOLE |  | 0 | 0 | 52645 |
| Kroger Co. | COM | 501044101 | BBG000BMY992 | 781933 | 17540 | SH |  | SOLE |  | 0 | 0 | 17540 |
| Laboratory Corp of America | COM | 50540R409 | BBG000BMY992 | 114208 | 485 | SH |  | SOLE |  | 0 | 0 | 485 |
| Lam Research Corp. | COM | 512807108 | BBG000BNFLM9 | 460229 | 1095 | SH |  | SOLE |  | 0 | 0 | 1095 |
| Livent Corporation | COM | 53814L108 | BBG00LV3NRG0 | 2345 | 118 | SH |  | SOLE |  | 0 | 0 | 118 |
| Lululemon Athletica Inc. | COM | 550021109 | BBG000R8ZVD1 | 2009423 | 6257 | SH |  | SOLE |  | 0 | 0 | 6257 |
| Lumentum Holdings Inc. | COM | 55024U109 | BBG0073F9RT7 | 149311 | 2862 | SH |  | SOLE |  | 0 | 0 | 2862 |
| MasterBrand Inc | COM | 57638P104 | BBG01B9G42Y3 | 2718 | 360 | SH |  | SOLE |  | 0 | 0 | 360 |
| Mastercard Inc. | COM | 57636Q104 | BBG000F1ZSQ2 | 3610133 | 10382 | SH |  | SOLE |  | 0 | 0 | 10382 |
| Mattel Inc. | COM | 577081102 | BBG000BNNYW1 | 46562 | 2610 | SH |  | SOLE |  | 0 | 0 | 2610 |
| McDonalds Corp. | COM | 580135101 | BBG000BNSZP1 | 40847 | 155 | SH |  | SOLE |  | 0 | 0 | 155 |
| McKesson Corporation | COM | 58155Q103 | BBG000DYGNW7 | 1472346 | 3890 | SH |  | SOLE |  | 0 | 0 | 3890 |
| Medtronic PLC (Ireland) | INTL STK | G5960l103 | BBG000BNWG87 | 118912 | 1530 | SH |  | SOLE |  | 0 | 0 | 1530 |
| Micron Technology Inc | COM | 595112103 | BBG000C5Z1S3 | 14744 | 295 | SH |  | SOLE |  | 0 | 0 | 295 |
| Microsoft Corp. | COM | 594918104 | BBG000BPH459 | 4728291 | 19621 | SH |  | SOLE |  | 0 | 0 | 19621 |
| Morgan Stanley | COM | 617446448 | BBG000BLZRJ2 | 103299 | 1215 | SH |  | SOLE |  | 0 | 0 | 1215 |
| Mosaic Co. | COM | 61945A107 | BBG000BFXHL6 | 1023268 | 23325 | SH |  | SOLE |  | 0 | 0 | 23325 |
| Murphy Usa Inc | COM | 626755102 | BBG001Z0Q6T5 | 919687 | 3280 | SH |  | SOLE |  | 0 | 0 | 3280 |
| Netflix | COM | 64110L106 | BBG000CL9VN6 | 330266 | 1120 | SH |  | SOLE |  | 0 | 0 | 1120 |
| Nextera Energy Inc. | COM | 65339F101 | BBG000BJSBJ0 | 1072421 | 12828 | SH |  | SOLE |  | 0 | 0 | 12828 |
| Nike Inc. | COM | 654106103 | BBG000C5HS04 | 3426638 | 29085 | SH |  | SOLE |  | 0 | 0 | 29085 |
| NVIDIA Corp. | COM | 67066G104 | BBG000BBJQV0 | 4082567 | 27811 | SH |  | SOLE |  | 0 | 0 | 27811 |
| Occidental Petroleum Corp | COM | 674599105 | BBG000BQQ2S6 | 9449 | 150 | SH |  | SOLE |  | 0 | 0 | 150 |
| O'Reilly Automotive Inc | COM | 67103H107 | BBG000BGYWY6 | 75963 | 90 | SH |  | SOLE |  | 0 | 0 | 90 |
| Palo Alto Networks Inc | COM | 697435105 | BBG0014GJCT9 | 1950072 | 13975 | SH |  | SOLE |  | 0 | 0 | 13975 |
| Paychex Inc. | COM | 704326107 | BBG000BQSQ38 | 227075 | 1965 | SH |  | SOLE |  | 0 | 0 | 1965 |
| Paycom Software Inc. | COM | 70432V102 | BBG0064N0ZZ5 | 68268 | 220 | SH |  | SOLE |  | 0 | 0 | 220 |
| Pepsico Inc. | COM | 713448108 | BBG000DH7JK6 | 5420 | 30 | SH |  | SOLE |  | 0 | 0 | 30 |
| Pfizer Incorporated | COM | 717081103 | BBG000BR2B91 | 127588 | 2490 | SH |  | SOLE |  | 0 | 0 | 2490 |
| Public Storage (REIT) | COM | 74460D109 | BBG000BPPN67 | 178481 | 637 | SH |  | SOLE |  | 0 | 0 | 637 |
| Qualcomm Inc. | COM | 747525103 | BBG000CGC1X8 | 31333 | 285 | SH |  | SOLE |  | 0 | 0 | 285 |
| Quest Diagnostics Inc. | COM | 74834L100 | BBG000BN84F3 | 815052 | 5210 | SH |  | SOLE |  | 0 | 0 | 5210 |
| RPM Incorporated | COM | 749685103 | BBG000DCNK80 | 3898 | 40 | SH |  | SOLE |  | 0 | 0 | 40 |
| S Global Inc. | COM | 78409V104 | BBG000BP1Q11 | 1745037 | 5210 | SH |  | SOLE |  | 0 | 0 | 5210 |
| Salesforce.com Inc. | COM | 79466L302 | BBG000BN2DC2 | 1898556 | 14229 | SH |  | SOLE |  | 0 | 0 | 14229 |
| Schlumberger Ltd. | COM | 806857108 | BBG000BT41Q8 | 161449 | 3020 | SH |  | SOLE |  | 0 | 0 | 3020 |
| ServiceNow Inc. | COM | 81762P102 | BBG000M1R011 | 2162664 | 5520 | SH |  | SOLE |  | 0 | 0 | 5520 |
| Skyworks Solutions | COM | 83088M102 | BBG000KLB4Q1 | 46476 | 510 | SH |  | SOLE |  | 0 | 0 | 510 |
| Stericycle Inc. | COM | 858912108 | BBG000H3FZM6 | 21453 | 430 | SH |  | SOLE |  | 0 | 0 | 430 |
| Steris plc (UK) | INTL STK | G8473T100 | BBG00MRHG523 | 548529 | 2970 | SH |  | SOLE |  | 0 | 0 | 2970 |
| Stryker Corp. | COM | 863667101 | BBG000DN7P92 | 2223637 | 8980 | SH |  | SOLE |  | 0 | 0 | 8980 |
| T. Rowe Price All-Cap Opportunities Fund | FD | 779557107 | BBG000BCFJB0 | 326281 | 5129 | SH |  | SOLE |  | 0 | 0 | 5129 |
| Taiwan Semiconductor (Taiwan) | INTL STK | 874039100 | BBG000BD8ZK0 | 228014 | 3061 | SH |  | SOLE |  | 0 | 0 | 3061 |
| Target Inc. | COM | 87612E106 | BBG000H8TVT2 | 8197 | 55 | SH |  | SOLE |  | 0 | 0 | 55 |
| Teledyne Technologies Inc | COM | 879360105 | BBG000BMT9T6 | 1600 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| Teradyne Inc | COM | 880770102 | BBG000BV4DR6 | 5678 | 65 | SH |  | SOLE |  | 0 | 0 | 65 |
| Thermo Fisher Scientific | COM | 883556102 | BBG000BVDLH9 | 4635158 | 8417 | SH |  | SOLE |  | 0 | 0 | 8417 |
| TJX Companies Inc. | COM | 872540109 | BBG000BV8DN6 | 76018 | 955 | SH |  | SOLE |  | 0 | 0 | 955 |
| T-Mobile US Inc. | COM | 872590104 | BBG000DN7P92 | 3022600 | 21480 | SH |  | SOLE |  | 0 | 0 | 21480 |
| Tractor Supply Company | COM | 892356106 | BBG000BLXZN1 | 439816 | 1955 | SH |  | SOLE |  | 0 | 0 | 1955 |
| Ulta Beauty Inc. | COM | 90384S303 | BBG00FWQ4VD6 | 349457 | 745 | SH |  | SOLE |  | 0 | 0 | 745 |
| Union Pacific Corp. | COM | 907818108 | BBG000BW3299 | 1731519 | 8237 | SH |  | SOLE |  | 0 | 0 | 8237 |
| United Parcel Service Inc. | COM | 911312106 | BBG000L9CV04 | 292920 | 1685 | SH |  | SOLE |  | 0 | 0 | 1685 |
| United Rentals Inc. | COM | 911363109 | BBG000BXMFC3 | 533130 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| UnitedHealth Group Inc. | COM | 91324P102 | BBG000CH5208 | 2311585 | 4360 | SH |  | SOLE |  | 0 | 0 | 4360 |
| US Bancorp | COM | 902973304 | BBG000FFDM15 | 79588 | 1825 | SH |  | SOLE |  | 0 | 0 | 1825 |
| Vanguard US Growth Fund Adm Sh | FD | 921910600 | BBG000BYKXJ7 | 75557 | 746 | SH |  | SOLE |  | 0 | 0 | 746 |
| Verizon Comm. | COM | 92343V104 | BBG000HS77T5 | 133369 | 3385 | SH |  | SOLE |  | 0 | 0 | 3385 |
| Visa Inc. | COM | 92826C839 | BBG000PSKYX7 | 3732408 | 17965 | SH |  | SOLE |  | 0 | 0 | 17965 |
| Walt Disney Co. | COM | 254687106 | BBG000BH4R78 | 35621 | 410 | SH |  | SOLE |  | 0 | 0 | 410 |
| Warner Bros Discovery Inc | COM | 934423104 | BBG011386VF4 | 7783 | 821 | SH |  | SOLE |  | 0 | 0 | 821 |
| Waste Management Inc. | COM | 94106l109 | BBG000BWVSR1 | 45966 | 293 | SH |  | SOLE |  | 0 | 0 | 293 |
| World Wrestling Entertainment | COM | 98156Q108 | BBG000F5YH15 | 50020 | 730 | SH |  | SOLE |  | 0 | 0 | 730 |

---