# EDGAR Filing Document

**Accession Number:** 0001366838
**File Stem:** 0001366838-25-000003
**Filing Date:** 2025-11
**Character Count:** 21197
**Document Hash:** 984df56921a623f9a0b28c051369eca0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001366838-25-000003.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001366838-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**EFFECTIVENESS DATE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Liberty Capital Management, Inc.
- **CENTRAL INDEX KEY:** 0001366838

**ORGANIZATION NAME:**
- **EIN:** 383088816
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11958
- **FILM NUMBER:** 251456923

**BUSINESS ADDRESS:**
- **STREET 1:** 401 SOUTH OLD WOODWARD
- **STREET 2:** SUITE 430
- **CITY:** BIRMINGHAM
- **STATE:** MI
- **ZIP:** 48009
- **BUSINESS PHONE:** 248.258.9290

**MAIL ADDRESS:**
- **STREET 1:** 401 SOUTH OLD WOODWARD
- **STREET 2:** SUITE 430
- **CITY:** BIRMINGHAM
- **STATE:** MI
- **ZIP:** 48009

### 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:** Liberty Capital Management Inc.<br>**Address:** 401 SOUTH OLD WOODWARD<br>SUITE 430<br>BIRMINGHAM, MI 48009

**Form 13F File Number:** 028-11958

**CRD Number (if applicable):** 000106063

**SEC File Number (if applicable):** 801-42852

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:** Kenneth Carbaugh<br>**Title:** President  CEO<br>**Phone:** 248 258-9290

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

/s/Kenneth Carbaugh  Birmingham, MI  11-06-2025<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:** 177

**Form 13F Information Table Value Total:** $531322132

      (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 |  | 308187 | 1986 | SH |  | SOLE |  | 0 | 0 | 1986 |
| ABBOTT LABS | COM | 002824100 |  | 6431535 | 48018 | SH |  | SOLE |  | 0 | 0 | 48018 |
| ABBVIE INC | COM | 00287Y109 |  | 9689254 | 41847 | SH |  | SOLE |  | 0 | 0 | 41847 |
| ADOBE INC | COM | 00724F101 |  | 1760223 | 4990 | SH |  | SOLE |  | 0 | 0 | 4990 |
| AFLAC INC | COM | 001055102 |  | 9109023 | 81549 | SH |  | SOLE |  | 0 | 0 | 81549 |
| AGNC INVT CORP | COM | 00123Q104 |  | 110627 | 11300 | SH |  | SOLE |  | 0 | 0 | 11300 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 305446 | 1120 | SH |  | SOLE |  | 0 | 0 | 1120 |
| ALLSTATE CORP | COM | 020002101 |  | 238691 | 1112 | SH |  | SOLE |  | 0 | 0 | 1112 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 14827155 | 60992 | SH |  | SOLE |  | 0 | 0 | 60992 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5930930 | 24352 | SH |  | SOLE |  | 0 | 0 | 24352 |
| AMAZON COM INC | COM | 023135106 |  | 14228136 | 64800 | SH |  | SOLE |  | 0 | 0 | 64800 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 355141 | 3989 | SH |  | SOLE |  | 0 | 0 | 3989 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 7676550 | 77128 | SH |  | SOLE |  | 0 | 0 | 77128 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 641250 | 5700 | SH |  | SOLE |  | 0 | 0 | 5700 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 4432591 | 23048 | SH |  | SOLE |  | 0 | 0 | 23048 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 469244 | 3521 | SH |  | SOLE |  | 0 | 0 | 3521 |
| APPLE INC | COM | 037833100 |  | 22332572 | 87706 | SH |  | SOLE |  | 0 | 0 | 87705 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 9050081 | 34668 | SH |  | SOLE |  | 0 | 0 | 34668 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 3626465 | 3746 | SH |  | SOLE |  | 0 | 0 | 3746 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1513286 | 5156 | SH |  | SOLE |  | 0 | 0 | 5156 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2116535 | 4210 | SH |  | SOLE |  | 0 | 0 | 4210 |
| BLACKROCK INC | COM | 09290D101 |  | 3252777 | 2790 | SH |  | SOLE |  | 0 | 0 | 2790 |
| BLACKROCK UTILS INFRASTRUCTU | COM | 09248D104 |  | 486239 | 18580 | SH |  | SOLE |  | 0 | 0 | 18580 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 464337 | 86 | SH |  | SOLE |  | 0 | 0 | 86 |
| BROADCOM INC | COM | 11135F101 |  | 210483 | 638 | SH |  | SOLE |  | 0 | 0 | 638 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 3276553 | 9328 | SH |  | SOLE |  | 0 | 0 | 9328 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 216619 | 1019 | SH |  | SOLE |  | 0 | 0 | 1019 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 2053441 | 34396 | SH |  | SOLE |  | 0 | 0 | 34396 |
| CHEVRON CORP NEW | COM | 166764100 |  | 379529 | 2444 | SH |  | SOLE |  | 0 | 0 | 2444 |
| CHUBB LIMITED | COM | H1467J104 |  | 4735308 | 16777 | SH |  | SOLE |  | 0 | 0 | 16777 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 3927577 | 44820 | SH |  | SOLE |  | 0 | 0 | 44820 |
| CINTAS CORP | COM | 172908105 |  | 9746976 | 47486 | SH |  | SOLE |  | 0 | 0 | 47486 |
| CISCO SYS INC | COM | 17275R102 |  | 1384129 | 20230 | SH |  | SOLE |  | 0 | 0 | 20229 |
| COCA COLA CO | COM | 191216100 |  | 289222 | 4361 | SH |  | SOLE |  | 0 | 0 | 4361 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1485265 | 22145 | SH |  | SOLE |  | 0 | 0 | 22145 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 256528 | 2712 | SH |  | SOLE |  | 0 | 0 | 2712 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 2169079 | 16107 | SH |  | SOLE |  | 0 | 0 | 16106 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 221793 | 674 | SH |  | SOLE |  | 0 | 0 | 674 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 14679566 | 15859 | SH |  | SOLE |  | 0 | 0 | 15859 |
| CVS HEALTH CORP | COM | 126650100 |  | 260322 | 3453 | SH |  | SOLE |  | 0 | 0 | 3453 |
| DANAHER CORPORATION | COM | 235851102 |  | 6555070 | 33063 | SH |  | SOLE |  | 0 | 0 | 33063 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 1747879 | 54502 | SH |  | SOLE |  | 0 | 0 | 54502 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 308553 | 9786 | SH |  | SOLE |  | 0 | 0 | 9786 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 218215 | 4731 | SH |  | SOLE |  | 0 | 0 | 4731 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 2027692 | 56814 | SH |  | SOLE |  | 0 | 0 | 56814 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 308605 | 6744 | SH |  | SOLE |  | 0 | 0 | 6744 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 2789473 | 72322 | SH |  | SOLE |  | 0 | 0 | 72322 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 480063 | 10742 | SH |  | SOLE |  | 0 | 0 | 10742 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 273824 | 8600 | SH |  | SOLE |  | 0 | 0 | 8600 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 599877 | 10305 | SH |  | SOLE |  | 0 | 0 | 10305 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 1897132 | 60457 | SH |  | SOLE |  | 0 | 0 | 60456 |
| DISNEY WALT CO | COM | 254687106 |  | 668222 | 5836 | SH |  | SOLE |  | 0 | 0 | 5836 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 260494 | 2105 | SH |  | SOLE |  | 0 | 0 | 2105 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 |  | 145368 | 16170 | SH |  | SOLE |  | 0 | 0 | 16170 |
| ECOLAB INC | COM | 278865100 |  | 6093111 | 22249 | SH |  | SOLE |  | 0 | 0 | 22249 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 391961 | 5040 | SH |  | SOLE |  | 0 | 0 | 5040 |
| ELI LILLY  CO | COM | 532457108 |  | 1814414 | 2378 | SH |  | SOLE |  | 0 | 0 | 2378 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 2429929 | 3741 | SH |  | SOLE |  | 0 | 0 | 3741 |
| EMERSON ELEC CO | COM | 291011104 |  | 817645 | 6233 | SH |  | SOLE |  | 0 | 0 | 6233 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 627089 | 20054 | SH |  | SOLE |  | 0 | 0 | 20054 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 342535 | 3038 | SH |  | SOLE |  | 0 | 0 | 3038 |
| FASTENAL CO | COM | 311900104 |  | 6035843 | 123080 | SH |  | SOLE |  | 0 | 0 | 123080 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 428935 | 7091 | SH |  | SOLE |  | 0 | 0 | 7091 |
| FISERV INC | COM | 337738108 |  | 6590257 | 51115 | SH |  | SOLE |  | 0 | 0 | 51115 |
| FORD MTR CO | COM | 345370860 |  | 222773 | 18626 | SH |  | SOLE |  | 0 | 0 | 18626 |
| FORTINET INC | COM | 34959E109 |  | 5737115 | 68234 | SH |  | SOLE |  | 0 | 0 | 68234 |
| FORTIVE CORP | COM | 34959J108 |  | 1224897 | 25003 | SH |  | SOLE |  | 0 | 0 | 25003 |
| GABELLI UTIL TR | COM | 36240A101 |  | 60700 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| GARTNER INC | COM | 366651107 |  | 249989 | 951 | SH |  | SOLE |  | 0 | 0 | 951 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1263807 | 1587 | SH |  | SOLE |  | 0 | 0 | 1587 |
| HOME DEPOT INC | COM | 437076102 |  | 9459971 | 23347 | SH |  | SOLE |  | 0 | 0 | 23347 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 5801128 | 22247 | SH |  | SOLE |  | 0 | 0 | 22247 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2515406 | 14930 | SH |  | SOLE |  | 0 | 0 | 14930 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 345364 | 1224 | SH |  | SOLE |  | 0 | 0 | 1224 |
| INTUIT | COM | 461202103 |  | 14252332 | 20870 | SH |  | SOLE |  | 0 | 0 | 20870 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1017448 | 2275 | SH |  | SOLE |  | 0 | 0 | 2275 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 949418 | 1581 | SH |  | SOLE |  | 0 | 0 | 1581 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 260364 | 2519 | SH |  | SOLE |  | 0 | 0 | 2519 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 301585 | 6965 | SH |  | SOLE |  | 0 | 0 | 6965 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 574369 | 15203 | SH |  | SOLE |  | 0 | 0 | 15203 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 269619 | 3958 | SH |  | SOLE |  | 0 | 0 | 3958 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 247162 | 2993 | SH |  | SOLE |  | 0 | 0 | 2993 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4136846 | 6181 | SH |  | SOLE |  | 0 | 0 | 6180 |
| ISHARES TR | MORNINGSTR US EQ | 464287127 |  | 1133069 | 12260 | SH |  | SOLE |  | 0 | 0 | 12260 |
| ISHARES TR | MRGSTR MD CP ETF | 464288208 |  | 847110 | 10200 | SH |  | SOLE |  | 0 | 0 | 10200 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 8333801 | 78259 | SH |  | SOLE |  | 0 | 0 | 78259 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 3166648 | 100147 | SH |  | SOLE |  | 0 | 0 | 100147 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 505883 | 1080 | SH |  | SOLE |  | 0 | 0 | 1080 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 603534 | 4238 | SH |  | SOLE |  | 0 | 0 | 4238 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 224297 | 927 | SH |  | SOLE |  | 0 | 0 | 927 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 401074 | 2834 | SH |  | SOLE |  | 0 | 0 | 2834 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 3665311 | 33143 | SH |  | SOLE |  | 0 | 0 | 33143 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1153869 | 6223 | SH |  | SOLE |  | 0 | 0 | 6223 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 8339969 | 26440 | SH |  | SOLE |  | 0 | 0 | 26440 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 486730 | 975 | SH |  | SOLE |  | 0 | 0 | 975 |
| LOWES COS INC | COM | 548661107 |  | 1118832 | 4452 | SH |  | SOLE |  | 0 | 0 | 4452 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2333827 | 4103 | SH |  | SOLE |  | 0 | 0 | 4103 |
| MAXIMUS INC | COM | 577933104 |  | 781762 | 8556 | SH |  | SOLE |  | 0 | 0 | 8556 |
| MCDONALDS CORP | COM | 580135101 |  | 5889996 | 19382 | SH |  | SOLE |  | 0 | 0 | 19382 |
| MERCK  CO INC | COM | 58933Y105 |  | 453977 | 5409 | SH |  | SOLE |  | 0 | 0 | 5409 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2320729 | 3160 | SH |  | SOLE |  | 0 | 0 | 3160 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 264715 | 4122 | SH |  | SOLE |  | 0 | 0 | 4122 |
| MICROSOFT CORP | COM | 594918104 |  | 12987078 | 25074 | SH |  | SOLE |  | 0 | 0 | 25074 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 1088196 | 1182 | SH |  | SOLE |  | 0 | 0 | 1182 |
| NETFLIX INC | COM | 64110L106 |  | 1137775 | 949 | SH |  | SOLE |  | 0 | 0 | 949 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1999957 | 26493 | SH |  | SOLE |  | 0 | 0 | 26493 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 261056 | 869 | SH |  | SOLE |  | 0 | 0 | 869 |
| NORTHERN TR CORP | COM | 665859104 |  | 433950 | 3224 | SH |  | SOLE |  | 0 | 0 | 3224 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 21090817 | 113039 | SH |  | SOLE |  | 0 | 0 | 113039 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 3091523 | 33813 | SH |  | SOLE |  | 0 | 0 | 33813 |
| PACKAGING CORP AMER | COM | 695156109 |  | 4349883 | 19960 | SH |  | SOLE |  | 0 | 0 | 19960 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 3874481 | 19028 | SH |  | SOLE |  | 0 | 0 | 19028 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 333586 | 440 | SH |  | SOLE |  | 0 | 0 | 440 |
| PEPSICO INC | COM | 713448108 |  | 1788363 | 12734 | SH |  | SOLE |  | 0 | 0 | 12734 |
| PHILLIPS 66 | COM | 718546104 |  | 377047 | 2772 | SH |  | SOLE |  | 0 | 0 | 2772 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 416264 | 24400 | SH |  | SOLE |  | 0 | 0 | 24400 |
| POWELL INDS INC | COM | 739128106 |  | 2371117 | 7779 | SH |  | SOLE |  | 0 | 0 | 7779 |
| PPG INDS INC | COM | 693506107 |  | 261724 | 2490 | SH |  | SOLE |  | 0 | 0 | 2490 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 239049 | 2329 | SH |  | SOLE |  | 0 | 0 | 2329 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 772797 | 5030 | SH |  | SOLE |  | 0 | 0 | 5029 |
| PROGRESSIVE CORP | COM | 743315103 |  | 2923147 | 11837 | SH |  | SOLE |  | 0 | 0 | 11837 |
| RALLIANT CORP | COM | 750940108 |  | 230851 | 5279 | SH |  | SOLE |  | 0 | 0 | 5279 |
| RTX CORPORATION | COM | 75513E101 |  | 6354524 | 37976 | SH |  | SOLE |  | 0 | 0 | 37976 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 234825 | 7037 | SH |  | SOLE |  | 0 | 0 | 7037 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 4823802 | 207208 | SH |  | SOLE |  | 0 | 0 | 207208 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 543330 | 23150 | SH |  | SOLE |  | 0 | 0 | 23149 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 10953773 | 426051 | SH |  | SOLE |  | 0 | 0 | 426051 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3290933 | 120547 | SH |  | SOLE |  | 0 | 0 | 120547 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 7220180 | 226267 | SH |  | SOLE |  | 0 | 0 | 226267 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 441636 | 14900 | SH |  | SOLE |  | 0 | 0 | 14900 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 660668 | 30629 | SH |  | SOLE |  | 0 | 0 | 30629 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 3742143 | 134127 | SH |  | SOLE |  | 0 | 0 | 134127 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 377381 | 14003 | SH |  | SOLE |  | 0 | 0 | 14003 |
| SOUTHERN CO | COM | 842587107 |  | 261186 | 2756 | SH |  | SOLE |  | 0 | 0 | 2756 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 558088 | 1570 | SH |  | SOLE |  | 0 | 0 | 1570 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 342833 | 8012 | SH |  | SOLE |  | 0 | 0 | 8012 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2278301 | 3420 | SH |  | SOLE |  | 0 | 0 | 3419 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 466436 | 5954 | SH |  | SOLE |  | 0 | 0 | 5954 |
| SPDR SERIES TRUST | S 600 SMCP VAL | 78464A300 |  | 1241100 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 209700 | 5043 | SH |  | SOLE |  | 0 | 0 | 5043 |
| STARBUCKS CORP | COM | 855244109 |  | 239333 | 2829 | SH |  | SOLE |  | 0 | 0 | 2829 |
| STRYKER CORPORATION | COM | 863667101 |  | 5074336 | 13727 | SH |  | SOLE |  | 0 | 0 | 13726 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 219244 | 4384 | SH |  | SOLE |  | 0 | 0 | 4384 |
| SYSCO CORP | COM | 871829107 |  | 328537 | 3990 | SH |  | SOLE |  | 0 | 0 | 3990 |
| TEREX CORP NEW | COM | 880779103 |  | 428663 | 8356 | SH |  | SOLE |  | 0 | 0 | 8356 |
| TESLA INC | COM | 88160R101 |  | 321533 | 723 | SH |  | SOLE |  | 0 | 0 | 723 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 8221574 | 16951 | SH |  | SOLE |  | 0 | 0 | 16951 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 3381433 | 59459 | SH |  | SOLE |  | 0 | 0 | 59459 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 350142 | 1254 | SH |  | SOLE |  | 0 | 0 | 1254 |
| TRIMBLE INC | COM | 896239100 |  | 2627170 | 32176 | SH |  | SOLE |  | 0 | 0 | 32176 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 2402966 | 4395 | SH |  | SOLE |  | 0 | 0 | 4395 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 250590 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 5435022 | 15740 | SH |  | SOLE |  | 0 | 0 | 15740 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 9409887 | 126528 | SH |  | SOLE |  | 0 | 0 | 126528 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 3213748 | 35154 | SH |  | SOLE |  | 0 | 0 | 35153 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 257757 | 1235 | SH |  | SOLE |  | 0 | 0 | 1235 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 40506836 | 123432 | SH |  | SOLE |  | 0 | 0 | 123432 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1780734 | 32867 | SH |  | SOLE |  | 0 | 0 | 32867 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 1959146 | 24551 | SH |  | SOLE |  | 0 | 0 | 24550 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 2176718 | 24780 | SH |  | SOLE |  | 0 | 0 | 24780 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 750383 | 5264 | SH |  | SOLE |  | 0 | 0 | 5264 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 3068279 | 60602 | SH |  | SOLE |  | 0 | 0 | 60602 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1991434 | 39773 | SH |  | SOLE |  | 0 | 0 | 39773 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 769691 | 9151 | SH |  | SOLE |  | 0 | 0 | 9151 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 270563 | 3385 | SH |  | SOLE |  | 0 | 0 | 3385 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 395759 | 1834 | SH |  | SOLE |  | 0 | 0 | 1834 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1475224 | 20082 | SH |  | SOLE |  | 0 | 0 | 20082 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 7680186 | 128174 | SH |  | SOLE |  | 0 | 0 | 128174 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1328877 | 9428 | SH |  | SOLE |  | 0 | 0 | 9428 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 556239 | 745 | SH |  | SOLE |  | 0 | 0 | 745 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 2588242 | 8688 | SH |  | SOLE |  | 0 | 0 | 8688 |
| VERALTO CORP | COM SHS | 92338C103 |  | 242858 | 2278 | SH |  | SOLE |  | 0 | 0 | 2278 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 912402 | 20760 | SH |  | SOLE |  | 0 | 0 | 20760 |
| VISA INC | COM CL A | 92826C839 |  | 11759175 | 34446 | SH |  | SOLE |  | 0 | 0 | 34446 |
| WALMART INC | COM | 931142103 |  | 2302103 | 22338 | SH |  | SOLE |  | 0 | 0 | 22337 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 303549 | 2649 | SH |  | SOLE |  | 0 | 0 | 2649 |
| WELLTOWER INC | COM | 95040Q104 |  | 2896022 | 16257 | SH |  | SOLE |  | 0 | 0 | 16257 |

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