# EDGAR Filing Document

**Accession Number:** 0000799004
**File Stem:** 0001941040-23-000072
**Filing Date:** 2023-2
**Character Count:** 21963
**Document Hash:** 9196895b89a1a33f41b466127bb67d96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001941040-23-000072.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001941040-23-000072

**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:** BECKER CAPITAL MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0000799004
- **IRS NUMBER:** 930663104
- **STATE OF INCORPORATION:** OR

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01822
- **FILM NUMBER:** 23616003

**BUSINESS ADDRESS:**
- **STREET 1:** 1211 SW 5TH AVE STE 2185
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
- **BUSINESS PHONE:** 5032231720

**MAIL ADDRESS:**
- **STREET 1:** 1211 SW FIFTH AVENUE
- **STREET 2:** SUITE 2185
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BECKER P E INC /OR/
- **DATE OF NAME CHANGE:** 19920506

### 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:** BECKER CAPITAL MANAGEMENT INC<br>**Address:** 1211 SW Fifth Avenue<br>Suite 2185<br>Portland, OR 97204

**Form 13F File Number:** 028-01822

**CRD Number (if applicable):** 000110489

**SEC File Number (if applicable):** 801-11781

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:** Stephanie L. Moyer<br>**Title:** CCO/COO<br>**Phone:** 503-223-1720

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

Stephanie L. Moyer  Portland, OR  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:** 187

**Form 13F Information Table Value Total:** $2146474210

      (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 |  | 8261703 | 68893 | SH |  | SOLE |  | 68693 | 0 | 200 |
| ABBOTT LABS | COM | 002824100 |  | 1199949 | 10929 | SH |  | SOLE |  | 10929 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 3087022 | 19102 | SH |  | SOLE |  | 19102 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 16730601 | 62699 | SH |  | SOLE |  | 61812 | 0 | 887 |
| AFLAC INC | COM | 001055102 |  | 625518 | 8695 | SH |  | SOLE |  | 8695 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 24548194 | 79635 | SH |  | SOLE |  | 78455 | 0 | 1180 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 17599775 | 409869 | SH |  | SOLE |  | 409869 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 30268679 | 223220 | SH |  | SOLE |  | 222584 | 0 | 636 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2807328 | 31639 | SH |  | SOLE |  | 31359 | 0 | 280 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 30665660 | 347565 | SH |  | SOLE |  | 341065 | 0 | 6500 |
| AMAZON COM INC | COM | 023135106 |  | 1872360 | 22290 | SH |  | SOLE |  | 18510 | 0 | 3780 |
| AMDOCS LTD | SHS | G02602103 |  | 330512 | 3636 | SH |  | SOLE |  | 3636 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 245351 | 2584 | SH |  | SOLE |  | 2584 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 914277 | 6188 | SH |  | SOLE |  | 6113 | 0 | 75 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 234178 | 3703 | SH |  | SOLE |  | 3703 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 407195 | 1922 | SH |  | SOLE |  | 1922 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 404158 | 1298 | SH |  | SOLE |  | 1298 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 30021400 | 114306 | SH |  | SOLE |  | 113780 | 0 | 526 |
| APA CORPORATION | COM | 03743Q108 |  | 250111 | 5358 | SH |  | SOLE |  | 5358 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 398688 | 6250 | SH |  | SOLE |  | 6250 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 95254129 | 733119 | SH |  | SOLE |  | 705915 | 0 | 27204 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 214658 | 11622 | SH |  | SOLE |  | 11622 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 28278160 | 417082 | SH |  | SOLE |  | 413600 | 0 | 3482 |
| AT INC | COM | 00206R102 |  | 728873 | 39591 | SH |  | SOLE |  | 39591 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 244052 | 1306 | SH |  | SOLE |  | 1306 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 510683 | 2138 | SH |  | SOLE |  | 938 | 0 | 1200 |
| AUTOZONE INC | COM | 053332102 |  | 22738180 | 9220 | SH |  | SOLE |  | 9166 | 0 | 54 |
| AVANGRID INC | COM | 05351W103 |  | 4513889 | 105023 | SH |  | SOLE |  | 105023 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 23203391 | 785757 | SH |  | SOLE |  | 773695 | 0 | 12062 |
| BANK AMERICA CORP | COM | 060505104 |  | 28914145 | 873012 | SH |  | SOLE |  | 871813 | 0 | 1199 |
| BAXTER INTL INC | COM | 071813109 |  | 230690 | 4526 | SH |  | SOLE |  | 4526 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 13168926 | 51785 | SH |  | SOLE |  | 50619 | 0 | 1166 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 19643260 | 63591 | SH |  | SOLE |  | 62963 | 0 | 628 |
| BLACKBAUD INC | COM | 09227Q100 |  | 20965343 | 356190 | SH |  | SOLE |  | 354605 | 0 | 1585 |
| BLACKROCK INC | COM | 09247X101 |  | 39372100 | 55561 | SH |  | SOLE |  | 55076 | 0 | 485 |
| BLACKSTONE INC | COM | 09260D107 |  | 8332381 | 112311 | SH |  | SOLE |  | 110686 | 0 | 1625 |
| BOEING CO | COM | 097023105 |  | 1943654 | 10203 | SH |  | SOLE |  | 10201 | 0 | 2 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 494368 | 6871 | SH |  | SOLE |  | 5191 | 0 | 1680 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 1229376 | 13427 | SH |  | SOLE |  | 13427 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 1140108 | 15285 | SH |  | SOLE |  | 15285 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 18413582 | 446390 | SH |  | SOLE |  | 444925 | 0 | 1465 |
| CATERPILLAR INC | COM | 149123101 |  | 7284301 | 30407 | SH |  | SOLE |  | 30407 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 6633297 | 80884 | SH |  | SOLE |  | 80884 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 43291203 | 241190 | SH |  | SOLE |  | 238506 | 0 | 2684 |
| CHUBB LIMITED | COM | H1467J104 |  | 18122952 | 82153 | SH |  | SOLE |  | 81728 | 0 | 425 |
| CIENA CORP | COM NEW | 171779309 |  | 24340197 | 477446 | SH |  | SOLE |  | 474104 | 0 | 3342 |
| CISCO SYS INC | COM | 17275R102 |  | 40319860 | 846345 | SH |  | SOLE |  | 842003 | 0 | 4342 |
| CITIGROUP INC | COM NEW | 172967424 |  | 4856571 | 107375 | SH |  | SOLE |  | 106621 | 0 | 754 |
| CME GROUP INC | COM | 12572Q105 |  | 627237 | 3730 | SH |  | SOLE |  | 3730 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 337578 | 5307 | SH |  | SOLE |  | 5307 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 281280 | 3570 | SH |  | SOLE |  | 3570 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 386600 | 12831 | SH |  | SOLE |  | 12831 | 0 | 0 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 |  | 16477827 | 188146 | SH |  | SOLE |  | 186671 | 0 | 1475 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 639846 | 18297 | SH |  | SOLE |  | 18297 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1405734 | 11913 | SH |  | SOLE |  | 11323 | 0 | 590 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 10877896 | 23829 | SH |  | SOLE |  | 23484 | 0 | 345 |
| CSX CORP | COM | 126408103 |  | 554108 | 17886 | SH |  | SOLE |  | 17886 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 18351516 | 196926 | SH |  | SOLE |  | 194736 | 0 | 2190 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 409302 | 2297 | SH |  | SOLE |  | 2297 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 20888949 | 240434 | SH |  | SOLE |  | 238698 | 0 | 1736 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 219369 | 2130 | SH |  | SOLE |  | 2130 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 6283438 | 222896 | SH |  | SOLE |  | 221071 | 0 | 1825 |
| EATON CORP PLC | SHS | G29183103 |  | 9909509 | 63138 | SH |  | SOLE |  | 62653 | 0 | 485 |
| ECOLAB INC | COM | 278865100 |  | 6202209 | 42609 | SH |  | SOLE |  | 42135 | 0 | 474 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1513837 | 20290 | SH |  | SOLE |  | 19502 | 0 | 788 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 37081293 | 3392616 | SH |  | SOLE |  | 3381960 | 0 | 10656 |
| EMERSON ELEC CO | COM | 291011104 |  | 10089374 | 105032 | SH |  | SOLE |  | 102308 | 0 | 2724 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 5096522 | 46206 | SH |  | SOLE |  | 46206 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 1028027 | 21725 | SH |  | SOLE |  | 21725 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 12218960 | 70548 | SH |  | SOLE |  | 69735 | 0 | 813 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 28901328 | 237110 | SH |  | SOLE |  | 235066 | 0 | 2044 |
| FIRSTENERGY CORP | COM | 337932107 |  | 31361099 | 747761 | SH |  | SOLE |  | 742191 | 0 | 5570 |
| FISERV INC | COM | 337738108 |  | 336563 | 3330 | SH |  | SOLE |  | 3330 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 23728107 | 1105690 | SH |  | SOLE |  | 1097195 | 0 | 8495 |
| FORD MTR CO DEL | COM | 345370860 |  | 17006137 | 1462265 | SH |  | SOLE |  | 1446690 | 0 | 15575 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 26107739 | 105226 | SH |  | SOLE |  | 104244 | 0 | 982 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 277619 | 3313 | SH |  | SOLE |  | 3313 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 376067 | 4485 | SH |  | SOLE |  | 4485 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 12801351 | 149113 | SH |  | SOLE |  | 148091 | 0 | 1022 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 38380825 | 111774 | SH |  | SOLE |  | 110678 | 0 | 1096 |
| GROCERY OUTLET HLDG CORP | COM | 39874R101 |  | 379032 | 12985 | SH |  | SOLE |  | 12410 | 0 | 575 |
| HARSCO CORP | COM | 415864107 |  | 313858 | 49898 | SH |  | SOLE |  | 49898 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 1475219 | 58844 | SH |  | SOLE |  | 58844 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 361641 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 2362201 | 31576 | SH |  | SOLE |  | 31086 | 0 | 490 |
| HOME DEPOT INC | COM | 437076102 |  | 33924388 | 107403 | SH |  | SOLE |  | 106281 | 0 | 1122 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1699828 | 7932 | SH |  | SOLE |  | 7932 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 2030835 | 75580 | SH |  | SOLE |  | 75580 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 3534629 | 241107 | SH |  | SOLE |  | 240385 | 0 | 722 |
| INTEL CORP | COM | 458140100 |  | 9571735 | 362154 | SH |  | SOLE |  | 358233 | 0 | 3921 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 12282216 | 119721 | SH |  | SOLE |  | 118599 | 0 | 1122 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1184347 | 8406 | SH |  | SOLE |  | 8006 | 0 | 400 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 13928844 | 402219 | SH |  | SOLE |  | 399419 | 0 | 2800 |
| JEWETT CAMERON TRADING LTD | COM NEW | 47733C207 |  | 141896 | 24592 | SH |  | SOLE |  | 24592 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 45181829 | 255770 | SH |  | SOLE |  | 251833 | 0 | 3937 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 54824710 | 408835 | SH |  | SOLE |  | 406327 | 0 | 2508 |
| KELLOGG CO | COM | 487836108 |  | 2758555 | 38722 | SH |  | SOLE |  | 37646 | 0 | 1076 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 325033 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 277337 | 2043 | SH |  | SOLE |  | 2043 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 20736964 | 1146956 | SH |  | SOLE |  | 1136791 | 0 | 10165 |
| KONINKLIJKE PHILIPS N V | NY REGIS SHS NEW | 500472303 |  | 19009464 | 1268143 | SH |  | SOLE |  | 1259704 | 0 | 8439 |
| KROGER CO | COM | 501044101 |  | 13725959 | 307895 | SH |  | SOLE |  | 306713 | 0 | 1182 |
| LAM RESEARCH CORP | COM | 512807108 |  | 418619 | 996 | SH |  | SOLE |  | 996 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 21548628 | 241144 | SH |  | SOLE |  | 239464 | 0 | 1680 |
| LILLY ELI  CO | COM | 532457108 |  | 1261782 | 3449 | SH |  | SOLE |  | 3449 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 317678 | 653 | SH |  | SOLE |  | 653 | 0 | 0 |
| LUTHER BURBANK CORP | COM | 550550107 |  | 472842 | 42560 | SH |  | SOLE |  | 42560 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 12176790 | 216746 | SH |  | SOLE |  | 215126 | 0 | 1620 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 3626825 | 21917 | SH |  | SOLE |  | 21917 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 649180 | 1867 | SH |  | SOLE |  | 1867 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 856668 | 10335 | SH |  | SOLE |  | 10335 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1265735 | 4803 | SH |  | SOLE |  | 4803 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 42827075 | 114169 | SH |  | SOLE |  | 113168 | 0 | 1001 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 27734771 | 356855 | SH |  | SOLE |  | 355071 | 0 | 1784 |
| MERCK  CO INC | COM | 58933Y105 |  | 40120702 | 361611 | SH |  | SOLE |  | 360491 | 0 | 1120 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3663631 | 30444 | SH |  | SOLE |  | 25347 | 0 | 5097 |
| METHANEX CORP | COM | 59151K108 |  | 20210955 | 533834 | SH |  | SOLE |  | 529289 | 0 | 4545 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 209590 | 145 | SH |  | SOLE |  | 145 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2759416 | 55210 | SH |  | SOLE |  | 55210 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 95394782 | 397777 | SH |  | SOLE |  | 393901 | 0 | 3876 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 7802625 | 91774 | SH |  | SOLE |  | 91250 | 0 | 524 |
| NEWMONT CORP | COM | 651639106 |  | 25716647 | 544844 | SH |  | SOLE |  | 543800 | 0 | 1044 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1423792 | 17031 | SH |  | SOLE |  | 17031 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2931101 | 25050 | SH |  | SOLE |  | 25050 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 517482 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 891415 | 9826 | SH |  | SOLE |  | 9826 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 252385 | 1727 | SH |  | SOLE |  | 1655 | 0 | 72 |
| ORACLE CORP | COM | 68389X105 |  | 834238 | 10206 | SH |  | SOLE |  | 10206 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 214765 | 2170 | SH |  | SOLE |  | 2170 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 117813 | 18351 | SH |  | SOLE |  | 18351 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 25561926 | 358915 | SH |  | SOLE |  | 354937 | 0 | 3978 |
| PEPSICO INC | COM | 713448108 |  | 2785055 | 15416 | SH |  | SOLE |  | 15416 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 43472392 | 848407 | SH |  | SOLE |  | 842743 | 0 | 5664 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 342405 | 3383 | SH |  | SOLE |  | 3383 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 2489281 | 23917 | SH |  | SOLE |  | 23917 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 1137154 | 4979 | SH |  | SOLE |  | 4979 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 582957 | 3691 | SH |  | SOLE |  | 3691 | 0 | 0 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 |  | 2055526 | 41950 | SH |  | SOLE |  | 41950 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 885084 | 7039 | SH |  | SOLE |  | 7039 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 468006 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 34120696 | 225130 | SH |  | SOLE |  | 221859 | 0 | 3271 |
| PROLOGIS INC. | COM | 74340W103 |  | 350928 | 3113 | SH |  | SOLE |  | 3113 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 262358 | 4282 | SH |  | SOLE |  | 4282 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 30689739 | 279150 | SH |  | SOLE |  | 277493 | 0 | 1657 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 20956120 | 133956 | SH |  | SOLE |  | 132046 | 0 | 1910 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 28443870 | 281846 | SH |  | SOLE |  | 280956 | 0 | 890 |
| REALTY INCOME CORP | COM | 756109104 |  | 14784194 | 233079 | SH |  | SOLE |  | 230095 | 0 | 2984 |
| SALESFORCE INC | COM | 79466L302 |  | 19701681 | 148591 | SH |  | SOLE |  | 147411 | 0 | 1180 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 27766856 | 573340 | SH |  | SOLE |  | 567895 | 0 | 5445 |
| SAP SE | SPON ADR | 803054204 |  | 23594806 | 228654 | SH |  | SOLE |  | 226999 | 0 | 1655 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 61292625 | 736159 | SH |  | SOLE |  | 735057 | 0 | 1102 |
| SHELL PLC | SPON ADS | 780259305 |  | 18346533 | 322152 | SH |  | SOLE |  | 318522 | 0 | 3630 |
| SMARTSHEET INC | COM CL A | 83200N103 |  | 274733 | 6980 | SH |  | SOLE |  | 6980 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 719725 | 4542 | SH |  | SOLE |  | 4542 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 9120128 | 127715 | SH |  | SOLE |  | 127497 | 0 | 218 |
| STARBUCKS CORP | COM | 855244109 |  | 15456339 | 155810 | SH |  | SOLE |  | 154315 | 0 | 1495 |
| STRYKER CORPORATION | COM | 863667101 |  | 978449 | 4002 | SH |  | SOLE |  | 4002 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 882386 | 11542 | SH |  | SOLE |  | 9852 | 0 | 1690 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 203954 | 2738 | SH |  | SOLE |  | 2738 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1303951 | 8749 | SH |  | SOLE |  | 8749 | 0 | 0 |
| TE CONNECTIVITY LTD | SHS | H84989104 |  | 18590827 | 161941 | SH |  | SOLE |  | 161941 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 565027 | 4587 | SH |  | SOLE |  | 4587 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 312431 | 1891 | SH |  | SOLE |  | 1891 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4830653 | 8772 | SH |  | SOLE |  | 8772 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 292530 | 3675 | SH |  | SOLE |  | 3675 | 0 | 0 |
| TMC THE METALS COMPANY INC | COM | 87261Y106 |  | 137734 | 178875 | SH |  | SOLE |  | 178875 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 4871810 | 78262 | SH |  | SOLE |  | 78262 | 0 | 0 |
| U S XPRESS ENTERPRISES INC | COM CL A | 90338N202 |  | 1574966 | 870147 | SH |  | SOLE |  | 870147 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 17973194 | 356965 | SH |  | SOLE |  | 353808 | 0 | 3157 |
| UNION PAC CORP | COM | 907818108 |  | 5683279 | 27446 | SH |  | SOLE |  | 27446 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 236422 | 1360 | SH |  | SOLE |  | 1360 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 4327859 | 8163 | SH |  | SOLE |  | 7963 | 0 | 200 |
| US BANCORP DEL | COM NEW | 902973304 |  | 31668865 | 726184 | SH |  | SOLE |  | 719505 | 0 | 6679 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1895415 | 14941 | SH |  | SOLE |  | 14941 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 15185896 | 337090 | SH |  | SOLE |  | 335245 | 0 | 1845 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 29162825 | 740173 | SH |  | SOLE |  | 734168 | 0 | 6005 |
| VISA INC | COM CL A | 92826C839 |  | 11890302 | 57231 | SH |  | SOLE |  | 56076 | 0 | 1155 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 315481 | 31174 | SH |  | SOLE |  | 29049 | 0 | 2125 |
| WALMART INC | COM | 931142103 |  | 38969998 | 274843 | SH |  | SOLE |  | 273510 | 0 | 1333 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 14580316 | 1538008 | SH |  | SOLE |  | 1535724 | 0 | 2284 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1489732 | 9496 | SH |  | SOLE |  | 9496 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 942095 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 472269 | 5037 | SH |  | SOLE |  | 5037 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 589752 | 14283 | SH |  | SOLE |  | 14283 | 0 | 0 |
| WENDYS CO | COM | 95058W100 |  | 311502 | 13765 | SH |  | SOLE |  | 13765 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 8470785 | 273251 | SH |  | SOLE |  | 273251 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 441702 | 3014 | SH |  | SOLE |  | 3014 | 0 | 0 |

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