# EDGAR Filing Document

**Accession Number:** 0000897599
**File Stem:** 0000897599-23-000003
**Filing Date:** 2023-2
**Character Count:** 20505
**Document Hash:** e8135ecd8f6b31fcca4e3ed54af9c879
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000897599-23-000003.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0000897599-23-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LOCKHEED MARTIN INVESTMENT MANAGEMENT CO
- **CENTRAL INDEX KEY:** 0000897599
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRONIC COMPONENTS & ACCESSORIES [3670]
- **IRS NUMBER:** 522060316
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-02847
- **FILM NUMBER:** 23630626

**BUSINESS ADDRESS:**
- **STREET 1:** 6801 ROCKLEDGE DR, MP150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20817
- **BUSINESS PHONE:** 3015717120

**MAIL ADDRESS:**
- **STREET 1:** 6801 ROCKLEDGE DR, MP150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20817

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOCKHEED MARTIN CORP/MD
- **DATE OF NAME CHANGE:** 19970131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARTIN MARIETTA CORP /MD/
- **DATE OF NAME CHANGE:** 19930909

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PARENT CORP
- **DATE OF NAME CHANGE:** 19930219

### FORM 13F COVER PAGE

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

**Check here if Amendment** [x] **Amendment Number:** 1

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** LOCKHEED MARTIN INVESTMENT MANAGEMENT CO<br>**Address:** 6801 ROCKLEDGE DR MP150<br>BETHESDA, MD 20817

**Form 13F File Number:** 028-02847

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:** Robert C. Varnell<br>**Title:** Vice President  General Counsel<br>**Phone:** (301) 571-7122

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

Robert C. Varnell  Bethesda, MD  02-14-2023<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:** 146

**Form 13F Information Table Value Total:** $1506172073

      (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 |
| AbbVie Inc | Common Equities | 00287Y109 |  | 8904711 | 55100 | SH |  | SOLE |  | 55100 | 0 | 0 |
| Adobe Systems Inc | Common Equities | 00724F101 |  | 7114244 | 21140 | SH |  | SOLE |  | 21140 | 0 | 0 |
| AGNC Investment Corp | Common Equities | 00123Q104 |  | 0 | 19184 | SH |  | SOLE |  | 19184 | 0 | 0 |
| Air Products  Chemicals Inc | Common Equities | 009158106 |  | 7805143 | 25320 | SH |  | SOLE |  | 25320 | 0 | 0 |
| Alexandria Real Estate Equities Inc | Common Equities | 015271109 |  | 1497342 | 10279 | SH |  | SOLE |  | 10279 | 0 | 0 |
| Alphabet Inc | Common Equities | 02079K305 |  | 17635589 | 199882 | SH |  | SOLE |  | 199882 | 0 | 0 |
| Amazon.com Inc | Common Equities | 023135106 |  | 31728480 | 377720 | SH |  | SOLE |  | 377720 | 0 | 0 |
| Ameren Corp | Common Equities | 023608102 |  | 1351584 | 15200 | SH |  | SOLE |  | 15200 | 0 | 0 |
| American Electric Power Co Inc | Common Equities | 025537101 |  | 2895975 | 30500 | SH |  | SOLE |  | 30500 | 0 | 0 |
| American Homes 4 Rent | Common Equities | 02665T306 |  | 652079 | 21635 | SH |  | SOLE |  | 21635 | 0 | 0 |
| American Tower Corp | Common Equities | 03027X100 |  | 11846152 | 55915 | SH |  | SOLE |  | 55915 | 0 | 0 |
| American Water Works Co Inc | Common Equities | 030420103 |  | 1615652 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| Americold Realty Trust | Common Equities | 03064D108 |  | 514251 | 18165 | SH |  | SOLE |  | 18165 | 0 | 0 |
| Annaly Capital Management Inc | Common Equities | 035710839 |  | 277497 | 13164 | SH |  | SOLE |  | 13164 | 0 | 0 |
| Apartment Income REIT Corp | Common Equities | 03750L109 |  | 410451 | 11963 | SH |  | SOLE |  | 11963 | 0 | 0 |
| Apple Inc | Common Equities | 037833100 |  | 113224900 | 871430 | SH |  | SOLE |  | 871430 | 0 | 0 |
| AT Inc | Common Equities | 00206R102 |  | 3777732 | 205200 | SH |  | SOLE |  | 205200 | 0 | 0 |
| AvalonBay Communities Inc | Common Equities | 053484101 |  | 1697575 | 10510 | SH |  | SOLE |  | 10510 | 0 | 0 |
| Boston Properties Inc | Common Equities | 101121101 |  | 790821 | 11702 | SH |  | SOLE |  | 11702 | 0 | 0 |
| Boston Scientific Corp | Common Equities | 101137107 |  | 12204730 | 263772 | SH |  | SOLE |  | 263772 | 0 | 0 |
| Brixmor Property Group Inc | Common Equities | 11120U105 |  | 548002 | 24173 | SH |  | SOLE |  | 24173 | 0 | 0 |
| Broadcom Inc | Common Equities | 11135F101 |  | 7084177 | 12670 | SH |  | SOLE |  | 12670 | 0 | 0 |
| Camden Property Trust | Common Equities | 133131102 |  | 788642 | 7049 | SH |  | SOLE |  | 7049 | 0 | 0 |
| Chevron Corp | Common Equities | 166764100 |  | 13670856 | 76165 | SH |  | SOLE |  | 76165 | 0 | 0 |
| Chubb Ltd | Common Equities | H1467J104 |  | 20773902 | 94170 | SH |  | SOLE |  | 94170 | 0 | 0 |
| Cisco Systems Inc | Common Equities | 17275R102 |  | 13931842 | 292440 | SH |  | SOLE |  | 292440 | 0 | 0 |
| Comcast Corp | Common Equities | 20030N101 |  | 4846038 | 138577 | SH |  | SOLE |  | 138577 | 0 | 0 |
| Consolidated Edison Inc | Common Equities | 209115104 |  | 1877607 | 19700 | SH |  | SOLE |  | 19700 | 0 | 0 |
| Consumer Staples Select Sector SPDR Fund | Exchange Traded Fund | 81369Y308 |  | 10787385 | 144700 | SH |  | SOLE |  | 144700 | 0 | 0 |
| CoStar Group Inc | Common Equities | 22160N109 |  | 0 | 14371 | SH |  | SOLE |  | 14371 | 0 | 0 |
| Crown Castle International Corp | Common Equities | 22822V101 |  | 9034302 | 66605 | SH |  | SOLE |  | 66605 | 0 | 0 |
| CSX Corp | Common Equities | 126408103 |  | 2176345 | 70250 | SH |  | SOLE |  | 70250 | 0 | 0 |
| CubeSmart | Common Equities | 229663109 |  | 616590 | 15319 | SH |  | SOLE |  | 15319 | 0 | 0 |
| Digital Realty Trust Inc | Common Equities | 253868103 |  | 10179611 | 101522 | SH |  | SOLE |  | 101522 | 0 | 0 |
| Dominion Energy Inc | Common Equities | 25746U109 |  | 8896612 | 145085 | SH |  | SOLE |  | 145085 | 0 | 0 |
| Douglas Emmett Inc | Common Equities | 25960P109 |  | 254298 | 16218 | SH |  | SOLE |  | 16218 | 0 | 0 |
| DTE Energy Co | Common Equities | 233331107 |  | 1351595 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| Duke Energy Corp | Common Equities | 26441C204 |  | 13832587 | 134310 | SH |  | SOLE |  | 134310 | 0 | 0 |
| EastGroup Properties Inc | Common Equities | 277276101 |  | 408942 | 2762 | SH |  | SOLE |  | 2762 | 0 | 0 |
| Edison International | Common Equities | 281020107 |  | 1469622 | 23100 | SH |  | SOLE |  | 23100 | 0 | 0 |
| Edwards Lifesciences Corp | Common Equities | 28176E108 |  | 2028646 | 27190 | SH |  | SOLE |  | 27190 | 0 | 0 |
| Entergy Corp | Common Equities | 29364G103 |  | 1327500 | 11800 | SH |  | SOLE |  | 11800 | 0 | 0 |
| Equinix Inc | Common Equities | 29444U700 |  | 3041379 | 6580 | SH |  | SOLE |  | 6580 | 0 | 0 |
| Equity LifeStyle Properties Inc | Common Equities | 29472R108 |  | 881467 | 13645 | SH |  | SOLE |  | 13645 | 0 | 0 |
| Equity Residential | Common Equities | 29476L107 |  | 1569282 | 26598 | SH |  | SOLE |  | 26598 | 0 | 0 |
| Essex Property Trust Inc | Common Equities | 297178105 |  | 1019547 | 4811 | SH |  | SOLE |  | 4811 | 0 | 0 |
| Eversource Energy | Common Equities | 30040W108 |  | 1668416 | 19900 | SH |  | SOLE |  | 19900 | 0 | 0 |
| Exelon Corp | Common Equities | 30161N101 |  | 3265143 | 61100 | SH |  | SOLE |  | 61100 | 0 | 0 |
| Extra Space Storage Inc | Common Equities | 30225T102 |  | 1396002 | 9485 | SH |  | SOLE |  | 9485 | 0 | 0 |
| Exxon Mobil Corp | Common Equities | 30231G102 |  | 20730113 | 187943 | SH |  | SOLE |  | 187943 | 0 | 0 |
| Federal Realty Investment Trust | Common Equities | 313745101 |  | 552184 | 5465 | SH |  | SOLE |  | 5465 | 0 | 0 |
| Fifth Third Bancorp | Common Equities | 316773100 |  | 12851677 | 391700 | SH |  | SOLE |  | 391700 | 0 | 0 |
| First Industrial Realty Trust Inc | Common Equities | 32054K103 |  | 459001 | 9511 | SH |  | SOLE |  | 9511 | 0 | 0 |
| FirstEnergy Corp | Common Equities | 337932107 |  | 1384020 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| Fortis Inc/Canada | Common Equities | 349553107 |  | 1256446 | 28500 | SH |  | SOLE |  | 28500 | 0 | 0 |
| Gaming and Leisure Properties Inc | Common Equities | 36467J108 |  | 498626 | 18155 | SH |  | SOLE |  | 18155 | 0 | 0 |
| Hartford Financial Services Group Inc/The | Common Equities | 416515104 |  | 12703042 | 167520 | SH |  | SOLE |  | 167520 | 0 | 0 |
| Health Care Select Sector SPDR Fund | Exchange Traded Fund | 81369Y209 |  | 14223495 | 104700 | SH |  | SOLE |  | 104700 | 0 | 0 |
| Healthcare Realty Trust | Common Equities | 42226K105 |  | 327243 | 16982 | SH |  | SOLE |  | 16982 | 0 | 0 |
| Healthpeak Properties Inc | Common Equities | 42250P103 |  | 1025965 | 40924 | SH |  | SOLE |  | 40924 | 0 | 0 |
| Honeywell International Inc | Common Equities | 438516106 |  | 17364729 | 81030 | SH |  | SOLE |  | 81030 | 0 | 0 |
| Host Hotels  Resorts Inc | Common Equities | 44107P104 |  | 604712 | 62821 | SH |  | SOLE |  | 62821 | 0 | 0 |
| Invesco DB Commodity Index Tracking Fund | Exchange Traded Fund | 46138B103 |  | 36814775 | 1493500 | SH |  | SOLE |  | 1493500 | 0 | 0 |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | Exchange Traded Fund | 46090F100 |  | 41355915 | 2481900 | SH |  | SOLE |  | 2481900 | 0 | 0 |
| Invesco S 500 Low Volatility ETF | Exchange Traded Fund | 46138E354 |  | 12926970 | 202300 | SH |  | SOLE |  | 202300 | 0 | 0 |
| Invesco S 500 Pure Growth ETF | Exchange Traded Fund | 46137V266 |  | 12720079 | 83900 | SH |  | SOLE |  | 83900 | 0 | 0 |
| Invesco S 500 Pure Value ETF | Exchange Traded Fund | 46137V258 |  | 16134062 | 206900 | SH |  | SOLE |  | 206900 | 0 | 0 |
| Invitation Homes Inc | Common Equities | 46187W107 |  | 1242627 | 41924 | SH |  | SOLE |  | 41924 | 0 | 0 |
| Iron Mountain Inc | Common Equities | 46284V101 |  | 1090618 | 21878 | SH |  | SOLE |  | 21878 | 0 | 0 |
| iShares Core MSCI EAFE ETF | Exchange Traded Fund | 46432F842 |  | 71194324 | 1000400 | SH |  | SOLE |  | 1000400 | 0 | 0 |
| iShares Core MSCI Emerging Markets ETF | Exchange Traded Fund | 46434G103 |  | 84242130 | 1803900 | SH |  | SOLE |  | 1803900 | 0 | 0 |
| iShares Core S Mid-Cap ETF | Exchange Traded Fund | 464287507 |  | 5019218 | 20750 | SH |  | SOLE |  | 20750 | 0 | 0 |
| iShares Core S Small-Cap ETF | Exchange Traded Fund | 464287804 |  | 4069520 | 43000 | SH |  | SOLE |  | 43000 | 0 | 0 |
| iShares MSCI Canada ETF | Exchange Traded Fund | 464286509 |  | 12522498 | 382600 | SH |  | SOLE |  | 382600 | 0 | 0 |
| iShares MSCI USA Min Vol Factor ETF | Exchange Traded Fund | 46429B697 |  | 13315317 | 172400 | SH |  | SOLE |  | 172400 | 0 | 0 |
| Johnson  Johnson | Common Equities | 478160104 |  | 18334504 | 103790 | SH |  | SOLE |  | 103790 | 0 | 0 |
| JPMorgan Chase  Co | Common Equities | 46625H100 |  | 32802201 | 244610 | SH |  | SOLE |  | 244610 | 0 | 0 |
| Kilroy Realty Corp | Common Equities | 49427F108 |  | 329932 | 8532 | SH |  | SOLE |  | 8532 | 0 | 0 |
| Kimco Realty Corp | Common Equities | 49446R109 |  | 998489 | 47143 | SH |  | SOLE |  | 47143 | 0 | 0 |
| L3Harris Technologies Inc | Common Equities | 502431109 |  | 5453020 | 26190 | SH |  | SOLE |  | 26190 | 0 | 0 |
| Lamar Advertising Co | Common Equities | 512816109 |  | 445941 | 6898 | SH |  | SOLE |  | 6898 | 0 | 0 |
| Life Storage Inc | Common Equities | 53223X107 |  | 539977 | 5482 | SH |  | SOLE |  | 5482 | 0 | 0 |
| Linde PLC | Common Equities | G5494J103 |  | 7135188 | 21875 | SH |  | SOLE |  | 21875 | 0 | 0 |
| Lululemon Athletica Inc | Common Equities | 550021109 |  | 1754456 | 5860 | SH |  | SOLE |  | 5860 | 0 | 0 |
| Marriott International Inc/MD | Common Equities | 571903202 |  | 4992282 | 33530 | SH |  | SOLE |  | 33530 | 0 | 0 |
| Martin Marietta Materials Inc | Common Equities | 573284106 |  | 1835177 | 5430 | SH |  | SOLE |  | 5430 | 0 | 0 |
| Mastercard Inc | Common Equities | 57636Q104 |  | 12770384 | 36725 | SH |  | SOLE |  | 36725 | 0 | 0 |
| Medical Properties Trust Inc | Common Equities | 58463J304 |  | 489469 | 43938 | SH |  | SOLE |  | 43938 | 0 | 0 |
| META Platforms Inc | Common Equities | 30303M102 |  | 4906743 | 40774 | SH |  | SOLE |  | 40774 | 0 | 0 |
| Microsoft Corp | Common Equities | 594918104 |  | 54935567 | 229070 | SH |  | SOLE |  | 229070 | 0 | 0 |
| Mid-America Apartment Communities Inc | Common Equities | 59522J103 |  | 1254507 | 7991 | SH |  | SOLE |  | 7991 | 0 | 0 |
| National Retail Properties Inc | Common Equities | 637417106 |  | 639633 | 13978 | SH |  | SOLE |  | 13978 | 0 | 0 |
| NextEra Energy Inc | Common Equities | 65339F101 |  | 9505320 | 113700 | SH |  | SOLE |  | 113700 | 0 | 0 |
| NVIDIA Corp | Common Equities | 67066G104 |  | 5866060 | 40140 | SH |  | SOLE |  | 40140 | 0 | 0 |
| Omega Healthcare Investors Inc | Common Equities | 681936100 |  | 529317 | 18938 | SH |  | SOLE |  | 18938 | 0 | 0 |
| Oracle Corp | Common Equities | 68389X105 |  | 7430166 | 90900 | SH |  | SOLE |  | 90900 | 0 | 0 |
| PepsiCo Inc | Common Equities | 713448108 |  | 10834180 | 59970 | SH |  | SOLE |  | 59970 | 0 | 0 |
| PG Corp | Common Equities | 69331C108 |  | 1528440 | 94000 | SH |  | SOLE |  | 94000 | 0 | 0 |
| PPL Corp | Common Equities | 69351T106 |  | 1387950 | 47500 | SH |  | SOLE |  | 47500 | 0 | 0 |
| Procter  Gamble Co/The | Common Equities | 742718109 |  | 14675858 | 96832 | SH |  | SOLE |  | 96832 | 0 | 0 |
| Prologis Inc | Common Equities | 74340W103 |  | 7325195 | 64980 | SH |  | SOLE |  | 64980 | 0 | 0 |
| Public Service Enterprise Group Inc | Common Equities | 744573106 |  | 1856481 | 30300 | SH |  | SOLE |  | 30300 | 0 | 0 |
| Public Storage | Common Equities | 74460D109 |  | 3065279 | 10940 | SH |  | SOLE |  | 10940 | 0 | 0 |
| Realty Income Corp | Common Equities | 756109104 |  | 2908583 | 45855 | SH |  | SOLE |  | 45855 | 0 | 0 |
| Regency Centers Corp | Common Equities | 758849103 |  | 504154 | 12270 | SH |  | SOLE |  | 12270 | 0 | 0 |
| Rexford Industrial Realty Inc | Common Equities | 76169C100 |  | 522249 | 9558 | SH |  | SOLE |  | 9558 | 0 | 0 |
| RITHM Capital Corp | Common Equities | 64828T201 |  | 138367 | 16936 | SH |  | SOLE |  | 16936 | 0 | 0 |
| Rogers Communications Inc | Common Equities | 775109200 |  | 391716 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| salesforce.com Inc | Common Equities | 79466L302 |  | 5558173 | 41920 | SH |  | SOLE |  | 41920 | 0 | 0 |
| SBA Communications Corp | Common Equities | 78410G104 |  | 1607818 | 7766 | SH |  | SOLE |  | 7766 | 0 | 0 |
| Sempra Energy | Common Equities | 816851109 |  | 2967168 | 19200 | SH |  | SOLE |  | 19200 | 0 | 0 |
| Simon Property Group Inc | Common Equities | 828806109 |  | 3298721 | 28079 | SH |  | SOLE |  | 28079 | 0 | 0 |
| Southern Co/The | Common Equities | 842587107 |  | 4513112 | 63200 | SH |  | SOLE |  | 63200 | 0 | 0 |
| SPDR Portfolio Long Term Treasury ETF | Exchange Traded Fund | 78464A664 |  | 26875974 | 925800 | SH |  | SOLE |  | 925800 | 0 | 0 |
| SPDR S 500 ETF Trust | Exchange Traded Fund | 78462F103 |  | 42832160 | 112000 | SH |  | SOLE |  | 112000 | 0 | 0 |
| STAG Industrial Inc | Common Equities | 85254J102 |  | 371468 | 11497 | SH |  | SOLE |  | 11497 | 0 | 0 |
| Starbucks Corp | Common Equities | 855244109 |  | 3582089 | 40460 | SH |  | SOLE |  | 40460 | 0 | 0 |
| Starwood Property Trust Inc | Common Equities | 85571B105 |  | 190760 | 10407 | SH |  | SOLE |  | 10407 | 0 | 0 |
| STORE Capital Corp | Common Equities | 862121100 |  | 613051 | 19122 | SH |  | SOLE |  | 19122 | 0 | 0 |
| Sun Communities Inc | Common Equities | 866674104 |  | 1201343 | 8401 | SH |  | SOLE |  | 8401 | 0 | 0 |
| Texas Instruments Inc | Common Equities | 882508104 |  | 2479952 | 15010 | SH |  | SOLE |  | 15010 | 0 | 0 |
| Thermo Fisher Scientific Inc | Common Equities | 883556102 |  | 6068604 | 11020 | SH |  | SOLE |  | 11020 | 0 | 0 |
| T-Mobile US Inc | Common Equities | 872590104 |  | 1828780 | 15100 | SH |  | SOLE |  | 15100 | 0 | 0 |
| UDR Inc | Common Equities | 902653104 |  | 832308 | 21490 | SH |  | SOLE |  | 21490 | 0 | 0 |
| United Parcel Service Inc | Common Equities | 911312106 |  | 11429285 | 65746 | SH |  | SOLE |  | 65746 | 0 | 0 |
| UnitedHealth Group Inc | Common Equities | 91324P102 |  | 24439707 | 46097 | SH |  | SOLE |  | 46097 | 0 | 0 |
| Utilities Select Sector SPDR Fund | Exchange Traded Fund | 81369Y886 |  | 11262375 | 159750 | SH |  | SOLE |  | 159750 | 0 | 0 |
| Vanguard FTSE Developed Markets ETF | Exchange Traded Fund | 921943858 |  | 54561000 | 1300000 | SH |  | SOLE |  | 1300000 | 0 | 0 |
| Vanguard Long-Term Corporate Bond ETF | Exchange Traded Fund | 92206C813 |  | 3278800 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| Vanguard Long-Term Treasury ETF | Exchange Traded Fund | 92206C847 |  | 63489938 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| Vanguard Russell 2000 ETF | Exchange Traded Fund | 92206C664 |  | 8657600 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| Vanguard S 500 ETF | Exchange Traded Fund | 922908363 |  | 24242460 | 69000 | SH |  | SOLE |  | 69000 | 0 | 0 |
| Vanguard S Mid-Cap 400 ETF | Exchange Traded Fund | 921932885 |  | 99777700 | 610000 | SH |  | SOLE |  | 610000 | 0 | 0 |
| Vanguard Total Bond Market ETF | Exchange Traded Fund | 921937835 |  | 56744851 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| Ventas Inc | Common Equities | 92276F100 |  | 1539809 | 34180 | SH |  | SOLE |  | 34180 | 0 | 0 |
| Verizon Communications Inc | Common Equities | 92343V104 |  | 12204938 | 309770 | SH |  | SOLE |  | 309770 | 0 | 0 |
| VICI Properties Inc | Common Equities | 925652109 |  | 2503289 | 77262 | SH |  | SOLE |  | 77262 | 0 | 0 |
| Visa Inc | Common Equities | 92826C839 |  | 12903974 | 62110 | SH |  | SOLE |  | 62110 | 0 | 0 |
| Vornado Realty Trust | Common Equities | 929042109 |  | 291028 | 13985 | SH |  | SOLE |  | 13985 | 0 | 0 |
| Walmart Inc | Common Equities | 931142103 |  | 19579781 | 138090 | SH |  | SOLE |  | 138090 | 0 | 0 |
| Walt Disney Co/The | Common Equities | 254687106 |  | 6142503 | 70701 | SH |  | SOLE |  | 70701 | 0 | 0 |
| WEC Energy Group Inc | Common Equities | 92939U106 |  | 1743936 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| Welltower Inc | Common Equities | 95040Q104 |  | 2238729 | 34153 | SH |  | SOLE |  | 34153 | 0 | 0 |
| Weyerhaeuser Co | Common Equities | 962166104 |  | 1683920 | 54320 | SH |  | SOLE |  | 54320 | 0 | 0 |
| WP Carey Inc | Common Equities | 92936U109 |  | 1053071 | 13475 | SH |  | SOLE |  | 13475 | 0 | 0 |
| Xcel Energy Inc | Common Equities | 98389B100 |  | 2194562 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |

---