# EDGAR Filing Document

**Accession Number:** 0001482012
**File Stem:** 0001062993-25-012934
**Filing Date:** 2025-7
**Character Count:** 28978
**Document Hash:** 430631b8978a9f4e17918e72984e810e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-25-012934.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0001062993-25-012934

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250717

**EFFECTIVENESS DATE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Smith Salley Wealth Management
- **CENTRAL INDEX KEY:** 0001482012

**ORGANIZATION NAME:**
- **EIN:** 562414755
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13643
- **FILM NUMBER:** 251129435

**BUSINESS ADDRESS:**
- **STREET 1:** 324 WEST WENDOVER AVENUE, SUITE 301
- **CITY:** GREENSBORO
- **STATE:** NC
- **ZIP:** 27408
- **BUSINESS PHONE:** 336-379-7556

**MAIL ADDRESS:**
- **STREET 1:** 324 WEST WENDOVER AVENUE, SUITE 301
- **CITY:** GREENSBORO
- **STATE:** NC
- **ZIP:** 27408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Smith, Salley & Associates
- **DATE OF NAME CHANGE:** 20100125

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Smith Salley Wealth Management<br>**Address:** 324 WEST WENDOVER AVENUE SUITE 301<br>GREENSBORO, NC 27408

**Form 13F File Number:** 028-13643

**CRD Number (if applicable):** 000129614

**SEC File Number (if applicable):** 801-62538

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:** Brian May<br>**Title:** Chief Compliance Officer<br>**Phone:** 336-379-8740

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

Brian May  Greensboro, NC  07-16-2025<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:** 256

**Form 13F Information Table Value Total:** $1728504054

      (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 LABS | COM | 002824100 |  | 24764422 | 182078 | SH |  | SOLE |  | 182078 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 28586588 | 154006 | SH |  | SOLE |  | 154006 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 16775086 | 56125 | SH |  | SOLE |  | 56125 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 244895 | 633 | SH |  | SOLE |  | 633 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 419189 | 3975 | SH |  | SOLE |  | 3975 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1787758 | 6338 | SH |  | SOLE |  | 6338 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 381281 | 1894 | SH |  | SOLE |  | 1894 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 14658838 | 83180 | SH |  | SOLE |  | 83180 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 47007956 | 264998 | SH |  | SOLE |  | 264998 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 425733 | 7261 | SH |  | SOLE |  | 7261 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 57784405 | 263387 | SH |  | SOLE |  | 263387 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 3024402 | 29148 | SH |  | SOLE |  | 29148 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 4201286 | 13171 | SH |  | SOLE |  | 13171 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 23991855 | 132581 | SH |  | SOLE |  | 132581 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2988451 | 10703 | SH |  | SOLE |  | 10703 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 25544077 | 107319 | SH |  | SOLE |  | 107319 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 83466464 | 406816 | SH |  | SOLE |  | 406816 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 412112 | 2251 | SH |  | SOLE |  | 2251 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 18828146 | 184030 | SH |  | SOLE |  | 184030 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 23892053 | 29813 | SH |  | SOLE |  | 29813 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 1093701 | 15651 | SH |  | SOLE |  | 15651 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3585325 | 123888 | SH |  | SOLE |  | 123888 | 0 | 0 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 2087221 | 66727 | SH |  | SOLE |  | 66727 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 288602 | 936 | SH |  | SOLE |  | 936 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 395755 | 478 | SH |  | SOLE |  | 478 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 5932695 | 125374 | SH |  | SOLE |  | 125374 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 25589439 | 52678 | SH |  | SOLE |  | 52678 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 23321915 | 48010 | SH |  | SOLE |  | 48010 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 3201213 | 3051 | SH |  | SOLE |  | 3051 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1853158 | 12389 | SH |  | SOLE |  | 12389 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 208037 | 993 | SH |  | SOLE |  | 993 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2739687 | 473 | SH |  | SOLE |  | 473 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 430312 | 9296 | SH |  | SOLE |  | 9296 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 22447141 | 81433 | SH |  | SOLE |  | 81433 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 6425337 | 116233 | SH |  | SOLE |  | 116233 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 27325765 | 441807 | SH |  | SOLE |  | 441807 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 458298 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 15642668 | 30656 | SH |  | SOLE |  | 30656 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 5069691 | 13059 | SH |  | SOLE |  | 13059 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 |  | 8545987 | 17551 | SH |  | SOLE |  | 17551 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 18093419 | 126360 | SH |  | SOLE |  | 126360 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 2738375 | 9452 | SH |  | SOLE |  | 9452 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 4818358 | 69449 | SH |  | SOLE |  | 69449 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 2268586 | 8231 | SH |  | SOLE |  | 8231 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 4635838 | 65524 | SH |  | SOLE |  | 65524 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1431929 | 15753 | SH |  | SOLE |  | 15753 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 823520 | 9177 | SH |  | SOLE |  | 9177 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 11685383 | 71830 | SH |  | SOLE |  | 71830 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 261113 | 809 | SH |  | SOLE |  | 809 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 1013627 | 4664 | SH |  | SOLE |  | 4664 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 352786 | 4357 | SH |  | SOLE |  | 4357 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 330255 | 6280 | SH |  | SOLE |  | 6280 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 388393 | 392 | SH |  | SOLE |  | 392 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 698264 | 1371 | SH |  | SOLE |  | 1371 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 525434 | 16103 | SH |  | SOLE |  | 16103 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 481425 | 1470 | SH |  | SOLE |  | 1470 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 620930 | 9002 | SH |  | SOLE |  | 9002 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 322951 | 1635 | SH |  | SOLE |  | 1635 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 323928 | 637 | SH |  | SOLE |  | 637 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 2076530 | 11911 | SH |  | SOLE |  | 11911 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 233017 | 1879 | SH |  | SOLE |  | 1879 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 6397057 | 54212 | SH |  | SOLE |  | 54212 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 5664659 | 15868 | SH |  | SOLE |  | 15868 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 2052012 | 7616 | SH |  | SOLE |  | 7616 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 12301396 | 31626 | SH |  | SOLE |  | 31626 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 3219318 | 24145 | SH |  | SOLE |  | 24145 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 3008578 | 66385 | SH |  | SOLE |  | 66385 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 683975 | 5718 | SH |  | SOLE |  | 5718 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 6956699 | 64533 | SH |  | SOLE |  | 64533 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI CONSM DIS | 316092204 |  | 2283416 | 24274 | SH |  | SOLE |  | 24274 | 0 | 0 |
| FIDELITY COVINGTON TRUST | CONSMR STAPLES | 316092303 |  | 1212578 | 23706 | SH |  | SOLE |  | 23706 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI ENERGY IDX | 316092402 |  | 1135955 | 48442 | SH |  | SOLE |  | 48442 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 3982247 | 53785 | SH |  | SOLE |  | 53785 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI HLTH CARE I | 316092600 |  | 2825139 | 44177 | SH |  | SOLE |  | 44177 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INDL INDX | 316092709 |  | 2398325 | 30934 | SH |  | SOLE |  | 30934 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 9070065 | 45990 | SH |  | SOLE |  | 45990 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI MATLS INDEX | 316092881 |  | 676412 | 13563 | SH |  | SOLE |  | 13563 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 316092857 |  | 449746 | 16633 | SH |  | SOLE |  | 16633 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI COMMNTN SVC | 316092873 |  | 3800216 | 58636 | SH |  | SOLE |  | 58636 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 715317 | 13599 | SH |  | SOLE |  | 13599 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1448318 | 27655 | SH |  | SOLE |  | 27655 | 0 | 0 |
| FIRST BANCORP N C | COM | 318910106 |  | 4922384 | 111644 | SH |  | SOLE |  | 111644 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 1481077 | 757 | SH |  | SOLE |  | 757 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 2378510 | 5884 | SH |  | SOLE |  | 5884 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 253160 | 868 | SH |  | SOLE |  | 868 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 314237 | 1221 | SH |  | SOLE |  | 1221 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 453410 | 3648 | SH |  | SOLE |  | 3648 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1701558 | 2404 | SH |  | SOLE |  | 2404 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 393612 | 7555 | SH |  | SOLE |  | 7555 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1212391 | 8995 | SH |  | SOLE |  | 8995 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 7253380 | 19783 | SH |  | SOLE |  | 19783 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 3235936 | 13895 | SH |  | SOLE |  | 13895 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 2937074 | 175243 | SH |  | SOLE |  | 175243 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 1013167 | 6868 | SH |  | SOLE |  | 6868 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 914920 | 3613 | SH |  | SOLE |  | 3613 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4143695 | 14057 | SH |  | SOLE |  | 14057 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1725119 | 2190 | SH |  | SOLE |  | 2190 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 2642059 | 4862 | SH |  | SOLE |  | 4862 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1500 | 46137V597 |  | 816247 | 20070 | SH |  | SOLE |  | 20070 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 755446 | 10374 | SH |  | SOLE |  | 10374 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 224800 | 801 | SH |  | SOLE |  | 801 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1940146 | 12311 | SH |  | SOLE |  | 12311 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 8760746 | 166049 | SH |  | SOLE |  | 166049 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 9404520 | 112656 | SH |  | SOLE |  | 112656 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 4192175 | 69835 | SH |  | SOLE |  | 69835 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1872701 | 3016 | SH |  | SOLE |  | 3016 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 396124 | 2933 | SH |  | SOLE |  | 2933 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 13386373 | 142575 | SH |  | SOLE |  | 142575 | 0 | 0 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 1574520 | 24552 | SH |  | SOLE |  | 24552 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 1136892 | 3239 | SH |  | SOLE |  | 3239 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 203173 | 1840 | SH |  | SOLE |  | 1840 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 6261200 | 70948 | SH |  | SOLE |  | 70948 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 6627289 | 124363 | SH |  | SOLE |  | 124363 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 812003 | 8829 | SH |  | SOLE |  | 8829 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 457087 | 7370 | SH |  | SOLE |  | 7370 | 0 | 0 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 4255484 | 98644 | SH |  | SOLE |  | 98644 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 290113 | 2476 | SH |  | SOLE |  | 2476 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 267632 | 2036 | SH |  | SOLE |  | 2036 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 7018338 | 45947 | SH |  | SOLE |  | 45947 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 49100735 | 169365 | SH |  | SOLE |  | 169365 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 335192 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 757797 | 846 | SH |  | SOLE |  | 846 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 270664 | 2781 | SH |  | SOLE |  | 2781 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1183563 | 2788 | SH |  | SOLE |  | 2788 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 264541 | 1362 | SH |  | SOLE |  | 1362 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1325675 | 1701 | SH |  | SOLE |  | 1701 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 258410 | 7469 | SH |  | SOLE |  | 7469 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 24175221 | 51527 | SH |  | SOLE |  | 51527 | 0 | 0 |
| LIVE OAK BANCSHARES INC | COM | 53803X105 |  | 266829 | 8954 | SH |  | SOLE |  | 8954 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2285029 | 4934 | SH |  | SOLE |  | 4934 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 28727075 | 129477 | SH |  | SOLE |  | 129477 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 395348 | 2380 | SH |  | SOLE |  | 2380 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 18661334 | 9343 | SH |  | SOLE |  | 9343 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1300214 | 4759 | SH |  | SOLE |  | 4759 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 729551 | 3337 | SH |  | SOLE |  | 3337 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 21967022 | 283812 | SH |  | SOLE |  | 283812 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 28926711 | 51477 | SH |  | SOLE |  | 51477 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 2728828 | 9340 | SH |  | SOLE |  | 9340 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 14188593 | 162769 | SH |  | SOLE |  | 162769 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 4268058 | 1633 | SH |  | SOLE |  | 1633 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 12244743 | 154683 | SH |  | SOLE |  | 154683 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 56644578 | 76745 | SH |  | SOLE |  | 76745 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 374557 | 3039 | SH |  | SOLE |  | 3039 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 112336934 | 225844 | SH |  | SOLE |  | 225844 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 5245047 | 10457 | SH |  | SOLE |  | 10457 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3010112 | 21370 | SH |  | SOLE |  | 21370 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2500460 | 4533 | SH |  | SOLE |  | 4533 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 709816 | 7938 | SH |  | SOLE |  | 7938 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2960816 | 2211 | SH |  | SOLE |  | 2211 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 621108 | 2426 | SH |  | SOLE |  | 2426 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 690245 | 5444 | SH |  | SOLE |  | 5444 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 10807451 | 21616 | SH |  | SOLE |  | 21616 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 410466 | 3392 | SH |  | SOLE |  | 3392 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 126079217 | 798020 | SH |  | SOLE |  | 798020 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 18411975 | 84269 | SH |  | SOLE |  | 84269 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 846591 | 3872 | SH |  | SOLE |  | 3872 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 291043 | 2135 | SH |  | SOLE |  | 2135 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 438339 | 2142 | SH |  | SOLE |  | 2142 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 345069 | 494 | SH |  | SOLE |  | 494 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 2417349 | 16619 | SH |  | SOLE |  | 16619 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 16782416 | 127101 | SH |  | SOLE |  | 127101 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 888029 | 4876 | SH |  | SOLE |  | 4876 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 14001537 | 75107 | SH |  | SOLE |  | 75107 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 2506611 | 59300 | SH |  | SOLE |  | 59300 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 403988 | 3552 | SH |  | SOLE |  | 3552 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 24861346 | 156047 | SH |  | SOLE |  | 156047 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 2324395 | 8710 | SH |  | SOLE |  | 8710 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 981662 | 9338 | SH |  | SOLE |  | 9338 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 376387 | 3569 | SH |  | SOLE |  | 3569 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3136852 | 19696 | SH |  | SOLE |  | 19696 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 31736053 | 217340 | SH |  | SOLE |  | 217340 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 20341166 | 35885 | SH |  | SOLE |  | 35885 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 281341 | 2139 | SH |  | SOLE |  | 2139 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 661822 | 1949 | SH |  | SOLE |  | 1949 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 315589 | 1104 | SH |  | SOLE |  | 1104 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 390796 | 1811 | SH |  | SOLE |  | 1811 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 1354723 | 9769 | SH |  | SOLE |  | 9769 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3018511 | 4886 | SH |  | SOLE |  | 4886 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 233048 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 20226419 | 38359 | SH |  | SOLE |  | 38359 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 260067 | 2614 | SH |  | SOLE |  | 2614 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2611216 | 9576 | SH |  | SOLE |  | 9576 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 294161 | 11987 | SH |  | SOLE |  | 11987 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 215162 | 7510 | SH |  | SOLE |  | 7510 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 1161180 | 48728 | SH |  | SOLE |  | 48728 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 444643 | 16069 | SH |  | SOLE |  | 16069 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 881600 | 36072 | SH |  | SOLE |  | 36072 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 222731 | 8405 | SH |  | SOLE |  | 8405 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 469569 | 16076 | SH |  | SOLE |  | 16076 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 210160 | 754 | SH |  | SOLE |  | 754 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 251002 | 2176 | SH |  | SOLE |  | 2176 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 220706 | 1399 | SH |  | SOLE |  | 1399 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 765947 | 8341 | SH |  | SOLE |  | 8341 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 288470 | 655 | SH |  | SOLE |  | 655 | 0 | 0 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 319367 | 3240 | SH |  | SOLE |  | 3240 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 278571 | 6880 | SH |  | SOLE |  | 6880 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 3865511 | 42186 | SH |  | SOLE |  | 42186 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2044616 | 5168 | SH |  | SOLE |  | 5168 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1545730 | 3015 | SH |  | SOLE |  | 3015 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 423427 | 1870 | SH |  | SOLE |  | 1870 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 4286976 | 6463 | SH |  | SOLE |  | 6463 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1739030 | 5474 | SH |  | SOLE |  | 5474 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 3947390 | 19013 | SH |  | SOLE |  | 19013 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 23141428 | 57075 | SH |  | SOLE |  | 57075 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 33790955 | 273633 | SH |  | SOLE |  | 273633 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 12377797 | 8140 | SH |  | SOLE |  | 8140 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2026499 | 7575 | SH |  | SOLE |  | 7575 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 901366 | 20967 | SH |  | SOLE |  | 20967 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 856675 | 1445 | SH |  | SOLE |  | 1445 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 229891 | 2464 | SH |  | SOLE |  | 2464 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 17835267 | 77518 | SH |  | SOLE |  | 77518 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 352886 | 3496 | SH |  | SOLE |  | 3496 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2119623 | 6794 | SH |  | SOLE |  | 6794 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 631962 | 13966 | SH |  | SOLE |  | 13966 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 351105 | 2612 | SH |  | SOLE |  | 2612 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2272987 | 11106 | SH |  | SOLE |  | 11106 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 398252 | 8052 | SH |  | SOLE |  | 8052 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1136095 | 19928 | SH |  | SOLE |  | 19928 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 491713 | 1980 | SH |  | SOLE |  | 1980 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 393717 | 1407 | SH |  | SOLE |  | 1407 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 216363 | 913 | SH |  | SOLE |  | 913 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 360183 | 1847 | SH |  | SOLE |  | 1847 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 242892 | 1374 | SH |  | SOLE |  | 1374 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2931241 | 6686 | SH |  | SOLE |  | 6686 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 4248025 | 13977 | SH |  | SOLE |  | 13977 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 359412 | 5347 | SH |  | SOLE |  | 5347 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 217384 | 762 | SH |  | SOLE |  | 762 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1609923 | 2834 | SH |  | SOLE |  | 2834 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 265218 | 732 | SH |  | SOLE |  | 732 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 338907 | 2637 | SH |  | SOLE |  | 2637 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1126508 | 8450 | SH |  | SOLE |  | 8450 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1777504 | 41079 | SH |  | SOLE |  | 41079 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 2769817 | 21570 | SH |  | SOLE |  | 21570 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 40849709 | 115053 | SH |  | SOLE |  | 115053 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 7370840 | 75382 | SH |  | SOLE |  | 75382 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3464103 | 43236 | SH |  | SOLE |  | 43236 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 282870 | 3150 | SH |  | SOLE |  | 3150 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 10691907 | 82652 | SH |  | SOLE |  | 82652 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 891006 | 6013 | SH |  | SOLE |  | 6013 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 201058 | 726 | SH |  | SOLE |  | 726 | 0 | 0 |
| ISHARES TR | AGENCY BOND ETF | 464288166 |  | 2159893 | 19689 | SH |  | SOLE |  | 19689 | 0 | 0 |
| HEARTBEAM INC | COM | 42238H108 |  | 459559 | 367647 | SH |  | SOLE |  | 367647 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 597191 | 4262 | SH |  | SOLE |  | 4262 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 15889201 | 32523 | SH |  | SOLE |  | 32523 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 222652 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 2735721 | 2661 | SH |  | SOLE |  | 2661 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 298498 | 13507 | SH |  | SOLE |  | 13507 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 233545 | 2546 | SH |  | SOLE |  | 2546 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 728800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 23444900 | 337725 | SH |  | SOLE |  | 337725 | 0 | 0 |
| SENSEONICS HLDGS INC | COM | 81727U105 |  | 26202 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 207681 | 5875 | SH |  | SOLE |  | 5875 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 310519 | 7344 | SH |  | SOLE |  | 7344 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 269330 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2146682 | 31831 | SH |  | SOLE |  | 31831 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 317232 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |

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