# EDGAR Filing Document

**Accession Number:** 0000884548
**File Stem:** 0000884548-26-000002
**Filing Date:** 2026-5
**Character Count:** 17831
**Document Hash:** 6e0a1c661c49e28f4e57798f0336fee8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000884548-26-000002.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000884548-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CONNORS INVESTOR SERVICES INC
- **CENTRAL INDEX KEY:** 0000884548

**ORGANIZATION NAME:**
- **EIN:** 231716484
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03751
- **FILM NUMBER:** 26984532

**BUSINESS ADDRESS:**
- **STREET 1:** C/O CONNORS INVESTOR SERVICES
- **STREET 2:** 1210 BROADCASTING ROAD
- **CITY:** WYOMISSING
- **STATE:** PA
- **ZIP:** 19610
- **BUSINESS PHONE:** 6103767418

**MAIL ADDRESS:**
- **STREET 1:** CONNORS INVESTOR SERVICES
- **STREET 2:** 1210 BROADCASTING ROAD
- **CITY:** WYOMISSING
- **STATE:** PA
- **ZIP:** 19610

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** CONNORS INVESTOR SERVICES INC<br>**Address:** CONNORS INVESTOR SERVICES<br>1210 BROADCASTING ROAD<br>WYOMISSING, PA 19610

**Form 13F File Number:** 028-03751

**CRD Number (if applicable):** 000106993

**SEC File Number (if applicable):** 801-6211

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:** Debora Covell<br>**Title:** CCO<br>**Phone:** 6103767418

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

Debora Covell  Reading, PA  05-15-2026<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:** 149

**Form 13F Information Table Value Total:** $1082728570

      (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 |  | 15358522 | 149591 | SH |  | SOLE |  | 149591 | 0 | 0 |
| ABBVIE | COM | 00287Y109 |  | 17400747 | 80007 | SH |  | SOLE |  | 80007 | 0 | 0 |
| ACCENTURE | COM | G1151C101 |  | 8901635 | 44892 | SH |  | SOLE |  | 44892 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 1670697 | 9127 | SH |  | SOLE |  | 9127 | 0 | 0 |
| ALBANY INTERNATIONAL | COM | 012348108 |  | 2754025 | 52749 | SH |  | SOLE |  | 52749 | 0 | 0 |
| ALPHABET CLASS A | COM | 02079K305 |  | 30322919 | 105449 | SH |  | SOLE |  | 105449 | 0 | 0 |
| ALPS MEDICAL BREAKTHROUGHS ETF | COM | 00162Q593 |  | 2156617 | 41204 | SH |  | SOLE |  | 41204 | 0 | 0 |
| AMAZONCOM | COM | 023135106 |  | 29106982 | 139756 | SH |  | SOLE |  | 139756 | 0 | 0 |
| AMERESCO INC | COM | 02361E108 |  | 3202953 | 125606 | SH |  | SOLE |  | 125606 | 0 | 0 |
| AON | COM | G0403H108 |  | 258224 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| APPLE | COM | 037833100 |  | 49669773 | 195712 | SH |  | SOLE |  | 195712 | 0 | 0 |
| ARTIVION INC | COM | 228903100 |  | 3099956 | 84652 | SH |  | SOLE |  | 84652 | 0 | 0 |
| AT NEW | COM | 00206R102 |  | 1977321 | 68207 | SH |  | SOLE |  | 68207 | 0 | 0 |
| AUTOMATIC DATA PROCESSING | COM | 053015103 |  | 308630 | 1519 | SH |  | SOLE |  | 1519 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 2813331 | 33063 | SH |  | SOLE |  | 33063 | 0 | 0 |
| BERKSHIRE HATHAWAY CL B | COM | 084670702 |  | 368984 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| BIT DIGITAL INC | COM | G1144A105 |  | 171814 | 131156 | SH |  | SOLE |  | 131156 | 0 | 0 |
| BOEING | COM | 097023105 |  | 9950107 | 49993 | SH |  | SOLE |  | 49993 | 0 | 0 |
| BRIGHTVIEW HOLDINGS INC | COM | 10948C107 |  | 2216709 | 188016 | SH |  | SOLE |  | 188016 | 0 | 0 |
| BROADCOM | COM | 11135F101 |  | 16263832 | 52547 | SH |  | SOLE |  | 52547 | 0 | 0 |
| BYRNA TECHNOLOGIES | COM | 12448X201 |  | 159585 | 17384 | SH |  | SOLE |  | 17384 | 0 | 0 |
| CALIX INC | COM | 13100M509 |  | 2859448 | 58368 | SH |  | SOLE |  | 58368 | 0 | 0 |
| CARPENTER TECHNOLOGY | COM | 144285103 |  | 385085 | 977 | SH |  | SOLE |  | 977 | 0 | 0 |
| CATERPILLAR | COM | 149123101 |  | 11442349 | 16151 | SH |  | SOLE |  | 16151 | 0 | 0 |
| CBOE GLOBAL MARKETS | COM | 12503M108 |  | 989366 | 3520 | SH |  | SOLE |  | 3520 | 0 | 0 |
| CELLEBRITE DI LTD | COM | M2197Q107 |  | 3466841 | 251585 | SH |  | SOLE |  | 251585 | 0 | 0 |
| CHAMPION HOMES INC | COM | 830830105 |  | 1487251 | 19998 | SH |  | SOLE |  | 19998 | 0 | 0 |
| CHEVRON | COM | 166764100 |  | 9176763 | 44354 | SH |  | SOLE |  | 44354 | 0 | 0 |
| CHUBB | COM | H1467J104 |  | 20207986 | 62001 | SH |  | SOLE |  | 62001 | 0 | 0 |
| CISCO SYSTEMS | COM | 17275R102 |  | 20544435 | 264782 | SH |  | SOLE |  | 264782 | 0 | 0 |
| CLEAN ENERGY FUELS CORP | COM | 184499101 |  | 167665 | 67607 | SH |  | SOLE |  | 67607 | 0 | 0 |
| COCA-COLA | COM | 191216100 |  | 14195873 | 186665 | SH |  | SOLE |  | 186665 | 0 | 0 |
| COLGATE-PALMOLIVE | COM | 194162103 |  | 376297 | 4415 | SH |  | SOLE |  | 4415 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2305380 | 17465 | SH |  | SOLE |  | 17465 | 0 | 0 |
| COSTCO WHOLESALE | COM | 22160K105 |  | 4041523 | 4056 | SH |  | SOLE |  | 4056 | 0 | 0 |
| CRANE NXT CO | COM | 224441105 |  | 2214550 | 54559 | SH |  | SOLE |  | 54559 | 0 | 0 |
| CSX | COM | 126408103 |  | 364729 | 8885 | SH |  | SOLE |  | 8885 | 0 | 0 |
| DANAHER | COM | 235851102 |  | 492960 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| DOORDASH | COM | 25809K105 |  | 12312300 | 82000 | SH |  | SOLE |  | 82000 | 0 | 0 |
| DUKE ENERGY | COM | 264399106 |  | 15817845 | 120802 | SH |  | SOLE |  | 120802 | 0 | 0 |
| DUPONT DE NEMOURS | COM | 26614N102 |  | 8695371 | 189855 | SH |  | SOLE |  | 189855 | 0 | 0 |
| EATON | COM | G29183103 |  | 18263128 | 51061 | SH |  | SOLE |  | 51061 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 4168368 | 62805 | SH |  | SOLE |  | 62805 | 0 | 0 |
| EXXONMOBIL | COM | 30231G102 |  | 481325 | 2837 | SH |  | SOLE |  | 2837 | 0 | 0 |
| FRONTDOOR INC | COM | 35905A109 |  | 1873570 | 35444 | SH |  | SOLE |  | 35444 | 0 | 0 |
| GENTHERM INC | COM | 37253A103 |  | 2132004 | 76746 | SH |  | SOLE |  | 76746 | 0 | 0 |
| GOLDMAN SACHS GQG PARTNERS INTERNATIONAL | COM | 38147N293 |  | 12044156 | 511646 | SH |  | SOLE |  | 511646 | 0 | 0 |
| GQG PARTNERS EMERGING MARKETS EQUITY | COM | 00771X427 |  | 4494079 | 248704 | SH |  | SOLE |  | 248704 | 0 | 0 |
| HAEMONETICS COPR | COM | 405024100 |  | 1763054 | 31282 | SH |  | SOLE |  | 31282 | 0 | 0 |
| HARMONIC INC | COM | 413160102 |  | 204636 | 22788 | SH |  | SOLE |  | 22788 | 0 | 0 |
| HEALTHCARE SERVICES GROUP INC | COM | 421906108 |  | 2276122 | 122702 | SH |  | SOLE |  | 122702 | 0 | 0 |
| HEALTHSTREAM INC | COM | 42222N103 |  | 2032044 | 98119 | SH |  | SOLE |  | 98119 | 0 | 0 |
| HERSHEY | COM | 427866108 |  | 282730 | 1360 | SH |  | SOLE |  | 1360 | 0 | 0 |
| HILLMAN SOLUTIONS | COM | 431636109 |  | 2233754 | 268480 | SH |  | SOLE |  | 268480 | 0 | 0 |
| HOME DEPOT | COM | 437076102 |  | 429530 | 1306 | SH |  | SOLE |  | 1306 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 4014654 | 105621 | SH |  | SOLE |  | 105621 | 0 | 0 |
| INDE SEMICONDUCTOR INC | COM | 45569U101 |  | 158962 | 49367 | SH |  | SOLE |  | 49367 | 0 | 0 |
| INNOSPEC INC | COM | 45768S105 |  | 2416597 | 33095 | SH |  | SOLE |  | 33095 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHINES | COM | 459200101 |  | 5272225 | 21751 | SH |  | SOLE |  | 21751 | 0 | 0 |
| INVESCO S 500 QUALITY ETF | COM | 46137V241 |  | 345047 | 4589 | SH |  | SOLE |  | 4589 | 0 | 0 |
| INVESCO S MIDCAP QUALITIY ETF | COM | 46137V472 |  | 283441 | 2742 | SH |  | SOLE |  | 2742 | 0 | 0 |
| INVESCO SP SMALLCAP QUALITY ETF | COM | 46138G300 |  | 231880 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| ISHARES CORE MSCI INTERNATIONAL DEV MARKETS | COM | 46435G326 |  | 579976 | 6940 | SH |  | SOLE |  | 6940 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | COM | 464287507 |  | 4338397 | 64244 | SH |  | SOLE |  | 64244 | 0 | 0 |
| ISHARES CORE S SMALL-CAP ETF | COM | 464287804 |  | 814106 | 6549 | SH |  | SOLE |  | 6549 | 0 | 0 |
| ISHARES MICRO CAP ETF | COM | 464288869 |  | 1272890 | 7975 | SH |  | SOLE |  | 7975 | 0 | 0 |
| ISHARES MSCI EAFE INDEX | COM | 464287465 |  | 8201172 | 84435 | SH |  | SOLE |  | 84435 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS INDEX | COM | 464287234 |  | 3615365 | 63662 | SH |  | SOLE |  | 63662 | 0 | 0 |
| ISHARES RUSSELL 2000 INDEX | COM | 464287655 |  | 15130976 | 61012 | SH |  | SOLE |  | 61012 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 2869953 | 32020 | SH |  | SOLE |  | 32020 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 921066 | 3768 | SH |  | SOLE |  | 3768 | 0 | 0 |
| JPMORGAN CHASE | COM | 46625H100 |  | 21211289 | 72108 | SH |  | SOLE |  | 72108 | 0 | 0 |
| KIMBERLY-CLARK | COM | 494368103 |  | 273010 | 2830 | SH |  | SOLE |  | 2830 | 0 | 0 |
| KURA SUSHI USA INC | COM | 501270102 |  | 213069 | 3053 | SH |  | SOLE |  | 3053 | 0 | 0 |
| LILLY ELI | COM | 532457108 |  | 16850193 | 18320 | SH |  | SOLE |  | 18320 | 0 | 0 |
| LINDE PLC | COM | G5494J103 |  | 20249581 | 40846 | SH |  | SOLE |  | 40846 | 0 | 0 |
| LOWE'S | COM | 548661107 |  | 16948683 | 71731 | SH |  | SOLE |  | 71731 | 0 | 0 |
| M BANK CORP | COM | 55261F104 |  | 228219 | 1104 | SH |  | SOLE |  | 1104 | 0 | 0 |
| MATADOR RESOURCES CO | COM | 576485205 |  | 2315231 | 36645 | SH |  | SOLE |  | 36645 | 0 | 0 |
| MAUCH CHUNK TRUST FINANCIAL CORP | COM | 577237100 |  | 62890 | 10395 | SH |  | SOLE |  | 10395 | 0 | 0 |
| MCDONALD'S | COM | 580135101 |  | 1258700 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| MEDTRONIC | COM | G5960L103 |  | 12157082 | 140301 | SH |  | SOLE |  | 140301 | 0 | 0 |
| MERCK | COM | 58933Y105 |  | 555138 | 4615 | SH |  | SOLE |  | 4615 | 0 | 0 |
| META PLATFORMS | COM | 30303M102 |  | 18061576 | 31569 | SH |  | SOLE |  | 31569 | 0 | 0 |
| MICROSOFT | COM | 594918104 |  | 31128167 | 84092 | SH |  | SOLE |  | 84092 | 0 | 0 |
| MIMEDX GROUP | COM | 602496101 |  | 115747 | 29303 | SH |  | SOLE |  | 29303 | 0 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 15362644 | 93350 | SH |  | SOLE |  | 93350 | 0 | 0 |
| NVIDIA | COM | 67066G104 |  | 33415040 | 191600 | SH |  | SOLE |  | 191600 | 0 | 0 |
| OMNICELL INC | COM | 68213N109 |  | 2602405 | 77963 | SH |  | SOLE |  | 77963 | 0 | 0 |
| ONE GAS INC | COM | 68235P108 |  | 2105965 | 24451 | SH |  | SOLE |  | 24451 | 0 | 0 |
| ONESPAN INC | COM | 68287N100 |  | 152548 | 14487 | SH |  | SOLE |  | 14487 | 0 | 0 |
| PALANTIR TECHNOLOGIES | COM | 69608A108 |  | 80615201 | 551102 | SH |  | SOLE |  | 551102 | 0 | 0 |
| PALO ALTO NETWORKS | COM | 697435105 |  | 15679456 | 97801 | SH |  | SOLE |  | 97801 | 0 | 0 |
| PALOMAR HOLDINGS INC | COM | 69753M105 |  | 1989317 | 16647 | SH |  | SOLE |  | 16647 | 0 | 0 |
| PAYSIGN INC | COM | 70451A104 |  | 123900 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| PEPSICO | COM | 713448108 |  | 21065399 | 135652 | SH |  | SOLE |  | 135652 | 0 | 0 |
| PHREESIA INC | COM | 71944F106 |  | 142829 | 17044 | SH |  | SOLE |  | 17044 | 0 | 0 |
| PIMCO INC | COM | 72201F490 |  | 553936 | 51386 | SH |  | SOLE |  | 51386 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP | COM | 693475105 |  | 576825 | 2772 | SH |  | SOLE |  | 2772 | 0 | 0 |
| PORTLAND GENERAL ELECTRIC | COM | 736508847 |  | 2711270 | 51379 | SH |  | SOLE |  | 51379 | 0 | 0 |
| POWER INTEGRATIONS INC | COM | 739276103 |  | 3022848 | 59040 | SH |  | SOLE |  | 59040 | 0 | 0 |
| POWERFLEET INC | COM | 73931J109 |  | 166579 | 54084 | SH |  | SOLE |  | 54084 | 0 | 0 |
| PRESTIGE CONSUMER HEALTHCARE INC | COM | 74112D101 |  | 1822908 | 30756 | SH |  | SOLE |  | 30756 | 0 | 0 |
| PROCTER  GAMBLE | COM | 742718109 |  | 8542470 | 59142 | SH |  | SOLE |  | 59142 | 0 | 0 |
| PROLOGIS | COM | 74340W103 |  | 8500496 | 64310 | SH |  | SOLE |  | 64310 | 0 | 0 |
| QNITY ELECTRONICS INC | COM | 74743L100 |  | 11584962 | 100407 | SH |  | SOLE |  | 100407 | 0 | 0 |
| QUALCOMM | COM | 747525103 |  | 207980 | 1615 | SH |  | SOLE |  | 1615 | 0 | 0 |
| QUANTA SERVICES | COM | 74762E102 |  | 17755856 | 32341 | SH |  | SOLE |  | 32341 | 0 | 0 |
| REALTY INCOME | COM | 756109104 |  | 219942 | 3595 | SH |  | SOLE |  | 3595 | 0 | 0 |
| ROBLOX | COM | 771049103 |  | 3846080 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |
| RTX CORP | COM | 75513E101 |  | 18094422 | 93802 | SH |  | SOLE |  | 93802 | 0 | 0 |
| SALESFORCE.COM | COM | 79466L302 |  | 10038179 | 53775 | SH |  | SOLE |  | 53775 | 0 | 0 |
| SCHWAB CHARLES | COM | 808513105 |  | 12849522 | 136726 | SH |  | SOLE |  | 136726 | 0 | 0 |
| SEMTECH CORP | COM | 816850101 |  | 2273560 | 29569 | SH |  | SOLE |  | 29569 | 0 | 0 |
| SENTINELONE INC | COM | 81730H109 |  | 1649426 | 128061 | SH |  | SOLE |  | 128061 | 0 | 0 |
| SIMMONS FIRST NATIONAL CORP | COM | 828730200 |  | 3710924 | 190793 | SH |  | SOLE |  | 190793 | 0 | 0 |
| SIMPLY GOOD FOOD CO | COM | 82900L102 |  | 3684664 | 256771 | SH |  | SOLE |  | 256771 | 0 | 0 |
| SIMULATIONS PLUS INC | COM | 829214105 |  | 166201 | 14061 | SH |  | SOLE |  | 14061 | 0 | 0 |
| SPDR GOLD SHARES ETF | COM | 78463V107 |  | 201376 | 468 | SH |  | SOLE |  | 468 | 0 | 0 |
| SPDR S  P 500 INDEX | COM | 78462F103 |  | 41134655 | 63251 | SH |  | SOLE |  | 63251 | 0 | 0 |
| SPDR S  P 600 SMALL CAP GROWTH | COM | 78464A201 |  | 615469 | 6370 | SH |  | SOLE |  | 6370 | 0 | 0 |
| SPDR S MIDCAP 400 ETF | COM | 78467Y107 |  | 621077 | 1007 | SH |  | SOLE |  | 1007 | 0 | 0 |
| SPROUT SOCIAL INC CL A | COM | 85209W109 |  | 99095 | 17385 | SH |  | SOLE |  | 17385 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 2176044 | 5343 | SH |  | SOLE |  | 5343 | 0 | 0 |
| STRYKER | COM | 863667101 |  | 11363299 | 34582 | SH |  | SOLE |  | 34582 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFACTURING | COM | 874039100 |  | 304155 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| TAPESTRY | COM | 876030107 |  | 10765860 | 76294 | SH |  | SOLE |  | 76294 | 0 | 0 |
| TECNOGLASS INC | COM | G87264100 |  | 2881940 | 64690 | SH |  | SOLE |  | 64690 | 0 | 0 |
| TESLA | COM | 88160R101 |  | 2011539 | 5411 | SH |  | SOLE |  | 5411 | 0 | 0 |
| TJX COMPANIES | COM | 872540109 |  | 19526849 | 122272 | SH |  | SOLE |  | 122272 | 0 | 0 |
| TRUPANION INC | COM | 898202106 |  | 1835955 | 71689 | SH |  | SOLE |  | 71689 | 0 | 0 |
| TYLER TECHNOLOGIES | COM | 902252105 |  | 2792794 | 8157 | SH |  | SOLE |  | 8157 | 0 | 0 |
| UMH PROPERTIES INC | COM | 903002103 |  | 3443532 | 238637 | SH |  | SOLE |  | 238637 | 0 | 0 |
| UNION PACIFIC | COM | 907818108 |  | 312980 | 1290 | SH |  | SOLE |  | 1290 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | COM | 922042858 |  | 6389142 | 118208 | SH |  | SOLE |  | 118208 | 0 | 0 |
| VANGUARD S 500 ETF | COM | 922908363 |  | 341799 | 572 | SH |  | SOLE |  | 572 | 0 | 0 |
| VANGUARD SHORT TERM BOND ETF | COM | 921937827 |  | 342573 | 4369 | SH |  | SOLE |  | 4369 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET ETF | COM | 921937835 |  | 637812 | 8661 | SH |  | SOLE |  | 8661 | 0 | 0 |
| VERIZON COMMUNICATIONS | COM | 92343V104 |  | 16292475 | 324551 | SH |  | SOLE |  | 324551 | 0 | 0 |
| VERSABANK | COM | 92512J106 |  | 177904 | 12555 | SH |  | SOLE |  | 12555 | 0 | 0 |
| VISA | COM | 92826C839 |  | 14192370 | 46957 | SH |  | SOLE |  | 46957 | 0 | 0 |
| WAL-MART STORES | COM | 931142103 |  | 14315068 | 115184 | SH |  | SOLE |  | 115184 | 0 | 0 |
| WASTE MANAGEMENT | COM | 94106L109 |  | 13072064 | 56887 | SH |  | SOLE |  | 56887 | 0 | 0 |
| WELLS FARGO | COM | 949746101 |  | 14355222 | 180319 | SH |  | SOLE |  | 180319 | 0 | 0 |
| WELLTOWER | COM | 95040Q104 |  | 17222529 | 87110 | SH |  | SOLE |  | 87110 | 0 | 0 |
| WILLIAMS COMPANIES | COM | 969457100 |  | 21228652 | 291683 | SH |  | SOLE |  | 291683 | 0 | 0 |
| YUM CHINA HOLDINGS | COM | 98850P109 |  | 634140 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| YUM! BRANDS | COM | 988498101 |  | 901784 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| ZETA GLOBAL HOLDINGS CORP | COM | 98956A105 |  | 2853501 | 179240 | SH |  | SOLE |  | 179240 | 0 | 0 |

---