# EDGAR Filing Document

**Accession Number:** 0000883803
**File Stem:** 0001941040-23-000018
**Filing Date:** 2023-1
**Character Count:** 23388
**Document Hash:** 03975d245f6993c555fb80c757c594ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001941040-23-000018.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001941040-23-000018

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**EFFECTIVENESS DATE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRIFFIN ASSET MANAGEMENT, INC.
- **CENTRAL INDEX KEY:** 0000883803
- **IRS NUMBER:** 132675970
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03051
- **FILM NUMBER:** 23539748

**BUSINESS ADDRESS:**
- **STREET 1:** 230 PARK AVENUE
- **STREET 2:** 4TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10169
- **BUSINESS PHONE:** 917-484-5608

**MAIL ADDRESS:**
- **STREET 1:** 230 PARK AVENUE
- **STREET 2:** 4TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10169

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOVEY YOUNGMAN ASSOCIATES INC
- **DATE OF NAME CHANGE:** 19990326

### 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:** GRIFFIN ASSET MANAGEMENT INC.<br>**Address:** 230 Park Avenue<br>4th Floor<br>New York, NY 10169

**Form 13F File Number:** 028-03051

**CRD Number (if applicable):** 000104548

**SEC File Number (if applicable):** 801-7495

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:** Duncan Smith<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-551-1442

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

Duncan Smith  New York, NY  01-20-2023<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:** 205

**Form 13F Information Table Value Total:** $663132532

      (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 |  | 3255228 | 27145 | SH |  | SOLE |  | 27145 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 7077612 | 64465 | SH |  | SOLE |  | 64465 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 14354200 | 88820 | SH |  | SOLE |  | 88820 | 0 | 0 |
| ACCELERATE DIAGNOSTICS INC | COM | 00430H102 |  | 6050238 | 8569742 | SH |  | SOLE |  | 8569742 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 758893 | 2844 | SH |  | SOLE |  | 2844 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 2820887 | 9151 | SH |  | SOLE |  | 9151 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 3409690 | 15723 | SH |  | SOLE |  | 15723 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3701549 | 41717 | SH |  | SOLE |  | 41717 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3970085 | 44997 | SH |  | SOLE |  | 44997 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 567890 | 14917 | SH |  | SOLE |  | 14917 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1550712 | 33925 | SH |  | SOLE |  | 33925 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 6189204 | 73681 | SH |  | SOLE |  | 73681 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 8549258 | 57863 | SH |  | SOLE |  | 57863 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1720727 | 8122 | SH |  | SOLE |  | 8122 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 243993 | 929 | SH |  | SOLE |  | 929 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 7274658 | 155841 | SH |  | SOLE |  | 155841 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 26551325 | 204351 | SH |  | SOLE |  | 204351 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 104105 | 11593 | SH |  | SOLE |  | 11593 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 881351 | 47718 | SH |  | SOLE |  | 47718 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 4619812 | 8455 | SH |  | SOLE |  | 8455 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 723163 | 39281 | SH |  | SOLE |  | 39281 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 236782 | 1427 | SH |  | SOLE |  | 1427 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 9774374 | 295120 | SH |  | SOLE |  | 295120 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 232276 | 5285 | SH |  | SOLE |  | 5285 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 2574711 | 35479 | SH |  | SOLE |  | 35479 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 7030664 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3854145 | 12477 | SH |  | SOLE |  | 12477 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 1547796 | 14956 | SH |  | SOLE |  | 14956 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 5814270 | 78370 | SH |  | SOLE |  | 78370 | 0 | 0 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 435234 | 20559 | SH |  | SOLE |  | 20559 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 7757705 | 40725 | SH |  | SOLE |  | 40725 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 7277743 | 101150 | SH |  | SOLE |  | 101150 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 264108 | 6606 | SH |  | SOLE |  | 6606 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 2127490 | 3805 | SH |  | SOLE |  | 3805 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 2607219 | 19438 | SH |  | SOLE |  | 19438 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 209146 | 6648 | SH |  | SOLE |  | 6648 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE CO | COM SB VTG SHS A | 11275Q107 |  | 373751 | 9608 | SH |  | SOLE |  | 9608 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 3502128 | 14619 | SH |  | SOLE |  | 14619 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 13104565 | 73010 | SH |  | SOLE |  | 73010 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 1599129 | 7249 | SH |  | SOLE |  | 7249 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 |  | 2175578 | 6566 | SH |  | SOLE |  | 6566 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 374022 | 7851 | SH |  | SOLE |  | 7851 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 721238 | 15946 | SH |  | SOLE |  | 15946 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 591443 | 18558 | SH |  | SOLE |  | 18558 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 1506607 | 93520 | SH |  | SOLE |  | 93520 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 11405464 | 179303 | SH |  | SOLE |  | 179303 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1393716 | 17689 | SH |  | SOLE |  | 17689 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 618514 | 17687 | SH |  | SOLE |  | 17687 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4997890 | 42355 | SH |  | SOLE |  | 42355 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 2156666 | 9306 | SH |  | SOLE |  | 9306 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4061024 | 8896 | SH |  | SOLE |  | 8896 | 0 | 0 |
| CRANE HLDGS CO | COM | 224441105 |  | 4067221 | 40490 | SH |  | SOLE |  | 40490 | 0 | 0 |
| CRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 226344208 |  | 353094 | 13482 | SH |  | SOLE |  | 13482 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 1974323 | 21186 | SH |  | SOLE |  | 21186 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 11516574 | 43390 | SH |  | SOLE |  | 43390 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 225004 | 3658 | SH |  | SOLE |  | 3658 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 1616005 | 9069 | SH |  | SOLE |  | 9069 | 0 | 0 |
| DISCOVER FINL SVCS | COM | 254709108 |  | 1630435 | 16666 | SH |  | SOLE |  | 16666 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 6619561 | 76192 | SH |  | SOLE |  | 76192 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 246619 | 4450 | SH |  | SOLE |  | 4450 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 6348833 | 46886 | SH |  | SOLE |  | 46886 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 435273 | 12970 | SH |  | SOLE |  | 12970 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 249957 | 2427 | SH |  | SOLE |  | 2427 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 2827487 | 41199 | SH |  | SOLE |  | 41199 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 1566643 | 24625 | SH |  | SOLE |  | 24625 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 917469 | 9551 | SH |  | SOLE |  | 9551 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 3492412 | 89320 | SH |  | SOLE |  | 89320 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1273627 | 107298 | SH |  | SOLE |  | 107298 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 956069 | 39638 | SH |  | SOLE |  | 39638 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 1300235 | 1985 | SH |  | SOLE |  | 1985 | 0 | 0 |
| ETF MANAGERS TR | PRIME CYBR SCRTY | 26924G201 |  | 270599 | 6143 | SH |  | SOLE |  | 6143 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 8491446 | 76985 | SH |  | SOLE |  | 76985 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 970486 | 20509 | SH |  | SOLE |  | 20509 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1546676 | 8930 | SH |  | SOLE |  | 8930 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 631010 | 23920 | SH |  | SOLE |  | 23920 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 4204320 | 110640 | SH |  | SOLE |  | 110640 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1401822 | 5650 | SH |  | SOLE |  | 5650 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 2134466 | 25474 | SH |  | SOLE |  | 25474 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 583344 | 6957 | SH |  | SOLE |  | 6957 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 1320932 | 7613 | SH |  | SOLE |  | 7613 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1564788 | 18227 | SH |  | SOLE |  | 18227 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 270817 | 13121 | SH |  | SOLE |  | 13121 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 7614795 | 22176 | SH |  | SOLE |  | 22176 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 2208818 | 32840 | SH |  | SOLE |  | 32840 | 0 | 0 |
| GREENBRIER COS INC | COM | 393657101 |  | 284837 | 8495 | SH |  | SOLE |  | 8495 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 95400 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 1458891 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 12573123 | 39806 | SH |  | SOLE |  | 39806 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 9737792 | 45440 | SH |  | SOLE |  | 45440 | 0 | 0 |
| ICAHN ENTERPRISES LP | DEPOSITARY UNIT | 451100101 |  | 1750667 | 34564 | SH |  | SOLE |  | 34564 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 5087829 | 23095 | SH |  | SOLE |  | 23095 | 0 | 0 |
| INNOVATIVE INDL PPTYS INC | COM | 45781V101 |  | 374995 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 4506315 | 170500 | SH |  | SOLE |  | 170500 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1597129 | 11336 | SH |  | SOLE |  | 11336 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4714221 | 17704 | SH |  | SOLE |  | 17704 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 288083 | 5779 | SH |  | SOLE |  | 5779 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 415533 | 3165 | SH |  | SOLE |  | 3165 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 991262 | 2580 | SH |  | SOLE |  | 2580 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 585648 | 5810 | SH |  | SOLE |  | 5810 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 558216 | 8173 | SH |  | SOLE |  | 8173 | 0 | 0 |
| ISHARES TR | U.S. ENERGY ETF | 464287796 |  | 325384 | 6999 | SH |  | SOLE |  | 6999 | 0 | 0 |
| JOHN MARSHALL BANCORP INC | COM | 47805L101 |  | 231852 | 8056 | SH |  | SOLE |  | 8056 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 13985027 | 79168 | SH |  | SOLE |  | 79168 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 9318877 | 69492 | SH |  | SOLE |  | 69492 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 1217990 | 17097 | SH |  | SOLE |  | 17097 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1926135 | 106534 | SH |  | SOLE |  | 106534 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 550464 | 1460 | SH |  | SOLE |  | 1460 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1091020 | 5240 | SH |  | SOLE |  | 5240 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 287063 | 1157 | SH |  | SOLE |  | 1157 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 269624 | 737 | SH |  | SOLE |  | 737 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 288980 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 994197 | 3048 | SH |  | SOLE |  | 3048 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 5007928 | 10294 | SH |  | SOLE |  | 10294 | 0 | 0 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 251050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| MAGNITE INC | COM | 55955D100 |  | 1298429 | 122609 | SH |  | SOLE |  | 122609 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1736152 | 5137 | SH |  | SOLE |  | 5137 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 4274912 | 74684 | SH |  | SOLE |  | 74684 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 2509333 | 9522 | SH |  | SOLE |  | 9522 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 131675 | 11820 | SH |  | SOLE |  | 11820 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1103702 | 14201 | SH |  | SOLE |  | 14201 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1460610 | 1726 | SH |  | SOLE |  | 1726 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 13475210 | 121453 | SH |  | SOLE |  | 121453 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1129150 | 9383 | SH |  | SOLE |  | 9383 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 263427 | 3640 | SH |  | SOLE |  | 3640 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 21669176 | 90356 | SH |  | SOLE |  | 90356 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2048387 | 24093 | SH |  | SOLE |  | 24093 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 1190157 | 49018 | SH |  | SOLE |  | 49018 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 607507 | 18499 | SH |  | SOLE |  | 18499 | 0 | 0 |
| NANO X IMAGING LTD | ORD SHS | M70700105 |  | 1597681 | 216488 | SH |  | SOLE |  | 216488 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 376200 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 3914804 | 33457 | SH |  | SOLE |  | 33457 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 826654 | 84785 | SH |  | SOLE |  | 84785 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 891891 | 6590 | SH |  | SOLE |  | 6590 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 255052 | 1935 | SH |  | SOLE |  | 1935 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2371560 | 16228 | SH |  | SOLE |  | 16228 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 639863 | 4049 | SH |  | SOLE |  | 4049 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 269015 | 3937 | SH |  | SOLE |  | 3937 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 5852993 | 71605 | SH |  | SOLE |  | 71605 | 0 | 0 |
| OUTSET MED INC | COM | 690145107 |  | 1107988 | 42912 | SH |  | SOLE |  | 42912 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 956691 | 56676 | SH |  | SOLE |  | 56676 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 2084702 | 18040 | SH |  | SOLE |  | 18040 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 262944 | 3692 | SH |  | SOLE |  | 3692 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3524135 | 19507 | SH |  | SOLE |  | 19507 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3840233 | 74946 | SH |  | SOLE |  | 74946 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3050773 | 30143 | SH |  | SOLE |  | 30143 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 1130302 | 4949 | SH |  | SOLE |  | 4949 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 797597 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1994707 | 18290 | SH |  | SOLE |  | 18290 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 5725331 | 37776 | SH |  | SOLE |  | 37776 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 1040949 | 9234 | SH |  | SOLE |  | 9234 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 225376 | 2266 | SH |  | SOLE |  | 2266 | 0 | 0 |
| PULSE BIOSCIENCES INC | COM | 74587B101 |  | 487224 | 175893 | SH |  | SOLE |  | 175893 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 6738003 | 61288 | SH |  | SOLE |  | 61288 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 2547423 | 25242 | SH |  | SOLE |  | 25242 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 1349854 | 21281 | SH |  | SOLE |  | 21281 | 0 | 0 |
| RED ROCK RESORTS INC | CL A | 75700L108 |  | 223136 | 5577 | SH |  | SOLE |  | 5577 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1026646 | 2376 | SH |  | SOLE |  | 2376 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1084210 | 9341 | SH |  | SOLE |  | 9341 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 3631767 | 37268 | SH |  | SOLE |  | 37268 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 602892 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 4178434 | 78160 | SH |  | SOLE |  | 78160 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1411673 | 16955 | SH |  | SOLE |  | 16955 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 3895152 | 68396 | SH |  | SOLE |  | 68396 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1964143 | 8276 | SH |  | SOLE |  | 8276 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 348940 | 10053 | SH |  | SOLE |  | 10053 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 544167 | 4632 | SH |  | SOLE |  | 4632 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 2703037 | 11830 | SH |  | SOLE |  | 11830 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1220183 | 17087 | SH |  | SOLE |  | 17087 | 0 | 0 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 326357 | 8433 | SH |  | SOLE |  | 8433 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 9813360 | 98925 | SH |  | SOLE |  | 98925 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 208215 | 14663 | SH |  | SOLE |  | 14663 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 2885452 | 37743 | SH |  | SOLE |  | 37743 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 8107627 | 54399 | SH |  | SOLE |  | 54399 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1370665 | 8296 | SH |  | SOLE |  | 8296 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 2875576 | 64144 | SH |  | SOLE |  | 64144 | 0 | 0 |
| THOMSON REUTERS CORP. | COM NEW | 884903709 |  | 698108 | 6120 | SH |  | SOLE |  | 6120 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 13253241 | 166498 | SH |  | SOLE |  | 166498 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 254838 | 4105 | SH |  | SOLE |  | 4105 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 579748 | 2577 | SH |  | SOLE |  | 2577 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 4401625 | 102292 | SH |  | SOLE |  | 102292 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 5059389 | 10786 | SH |  | SOLE |  | 10786 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 1279595 | 25414 | SH |  | SOLE |  | 25414 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 2196391 | 10607 | SH |  | SOLE |  | 10607 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 5923946 | 34077 | SH |  | SOLE |  | 34077 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 3290827 | 6207 | SH |  | SOLE |  | 6207 | 0 | 0 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 59950424 | 554891 | SH |  | SOLE |  | 554891 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1648066 | 37791 | SH |  | SOLE |  | 37791 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 355208 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 278123 | 3372 | SH |  | SOLE |  | 3372 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 371301 | 2023 | SH |  | SOLE |  | 2023 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 712166 | 2027 | SH |  | SOLE |  | 2027 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 412326 | 2555 | SH |  | SOLE |  | 2555 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1896339 | 10749 | SH |  | SOLE |  | 10749 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1259894 | 31977 | SH |  | SOLE |  | 31977 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 2657931 | 9204 | SH |  | SOLE |  | 9204 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 428060 | 38460 | SH |  | SOLE |  | 38460 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 6091315 | 29319 | SH |  | SOLE |  | 29319 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 2833196 | 75835 | SH |  | SOLE |  | 75835 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 6859517 | 48378 | SH |  | SOLE |  | 48378 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1321871 | 8426 | SH |  | SOLE |  | 8426 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 10020298 | 242681 | SH |  | SOLE |  | 242681 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 1954063 | 25004 | SH |  | SOLE |  | 25004 | 0 | 0 |
| WRAP TECHNOLOGIES INC | COM | 98212N107 |  | 16900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 1399018 | 10923 | SH |  | SOLE |  | 10923 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 4252734 | 29019 | SH |  | SOLE |  | 29019 | 0 | 0 |

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