# EDGAR Filing Document

**Accession Number:** 0000943442
**File Stem:** 0002085853-26-000219
**Filing Date:** 2026-2
**Character Count:** 18564
**Document Hash:** 988804fd21966810b60e998c6d116de0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000219.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0002085853-26-000219

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**EFFECTIVENESS DATE**: 20260206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Orange Investment Advisors, Inc.
- **CENTRAL INDEX KEY:** 0000943442

**ORGANIZATION NAME:**
- **EIN:** 061420079
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15104
- **FILM NUMBER:** 26608857

**BUSINESS ADDRESS:**
- **STREET 1:** 117 GRAND STREET, SUITE 201
- **CITY:** GOSHEN
- **STATE:** NY
- **ZIP:** 10924
- **BUSINESS PHONE:** 9142946127

**MAIL ADDRESS:**
- **STREET 1:** 117 GRAND STREET, SUITE 201
- **CITY:** GOSHEN
- **STATE:** NY
- **ZIP:** 10924

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUDSON VALLEY INVESTMENT ADVISORS INC /ADV
- **DATE OF NAME CHANGE:** 20130805

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUDSON VALLEY INVESTMENT ADVISORS INC                   /ADV
- **DATE OF NAME CHANGE:** 19950404

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Orange Investment Advisors Inc.<br>**Address:** 117 GRAND STREET SUITE 201<br>GOSHEN, NY 10924

**Form 13F File Number:** 028-15104

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:** Steven R. Maurer<br>**Title:** Chief Compliance Officer<br>**Phone:** 845-294-6127

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

/s/ Steven R. Maurer  Goshen, NY  02-06-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 149

**Form 13F Information Table Value Total:** $903925266

      (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 |  | 1304395 | 10411 | SH |  | SOLE |  | 1790 | 0 | 8621 |
| ABBVIE INC | COM | 00287Y109 |  | 11137965 | 48746 | SH |  | SOLE |  | 41945 | 0 | 6801 |
| ADOBE INC | COM | 00724F101 |  | 10339452 | 29541 | SH |  | SOLE |  | 24824 | 0 | 4718 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3848240 | 17969 | SH |  | SOLE |  | 10054 | 0 | 7915 |
| AFLAC INC | COM | 001055102 |  | 374808 | 3399 | SH |  | SOLE |  | 3399 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 307632 | 2175 | SH |  | SOLE |  | 2175 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 29614246 | 94373 | SH |  | SOLE |  | 74876 | 0 | 19497 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1600369 | 5113 | SH |  | SOLE |  | 4133 | 0 | 980 |
| ALPS ETF TR | BARRONS 400 ETF | 00162Q726 |  | 247050 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| AMAZON COM INC | COM | 023135106 |  | 21225743 | 91957 | SH |  | SOLE |  | 76323 | 0 | 15635 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 13483946 | 36448 | SH |  | SOLE |  | 30656 | 0 | 5792 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 513537 | 2925 | SH |  | SOLE |  | 1439 | 0 | 1486 |
| AMGEN INC | COM | 031162100 |  | 229772 | 702 | SH |  | SOLE |  | 102 | 0 | 600 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 5690060 | 42105 | SH |  | SOLE |  | 39391 | 0 | 2714 |
| APPLE INC | COM | 037833100 |  | 30224358 | 111176 | SH |  | SOLE |  | 86047 | 0 | 25129 |
| AT INC | COM | 00206R102 |  | 573834 | 23101 | SH |  | SOLE |  | 14231 | 0 | 8870 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2027749 | 7883 | SH |  | SOLE |  | 3113 | 0 | 4770 |
| AUTOZONE INC | COM | 053332102 |  | 8180300 | 2411 | SH |  | SOLE |  | 2023 | 0 | 389 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 4670215 | 102553 | SH |  | SOLE |  | 92396 | 0 | 10156 |
| BALCHEM CORP | COM | 057665200 |  | 228966 | 1493 | SH |  | SOLE |  | 1350 | 0 | 143 |
| BANK AMERICA CORP | COM | 060505104 |  | 3388746 | 61614 | SH |  | SOLE |  | 45414 | 0 | 16200 |
| BLACKSTONE INC | COM | 09260D107 |  | 1708950 | 11087 | SH |  | SOLE |  | 11087 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 3630485 | 243004 | SH |  | SOLE |  | 228486 | 0 | 14518 |
| BOEING CO | COM | 097023105 |  | 421648 | 1942 | SH |  | SOLE |  | 378 | 0 | 1564 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 220559 | 4089 | SH |  | SOLE |  | 4064 | 0 | 25 |
| BROADCOM INC | COM | 11135F101 |  | 18316641 | 52923 | SH |  | SOLE |  | 34063 | 0 | 18860 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 868618 | 3584 | SH |  | SOLE |  | 3584 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 818631 | 1429 | SH |  | SOLE |  | 529 | 0 | 900 |
| CBRE GROUP INC | CL A | 12504L109 |  | 5327950 | 33136 | SH |  | SOLE |  | 30655 | 0 | 2481 |
| CHART INDS INC | COM | 16115Q308 |  | 320688 | 1555 | SH |  | SOLE |  | 196 | 0 | 1359 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2825822 | 18541 | SH |  | SOLE |  | 14064 | 0 | 4477 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 6640427 | 179471 | SH |  | SOLE |  | 158378 | 0 | 21093 |
| CHUBB LIMITED | COM | H1467J104 |  | 339874 | 1089 | SH |  | SOLE |  | 1089 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 11662864 | 49868 | SH |  | SOLE |  | 42451 | 0 | 7418 |
| CISCO SYS INC | COM | 17275R102 |  | 7583896 | 98454 | SH |  | SOLE |  | 87384 | 0 | 11070 |
| COCA COLA CO | COM | 191216100 |  | 322285 | 4610 | SH |  | SOLE |  | 1870 | 0 | 2740 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 1011303 | 14610 | SH |  | SOLE |  | 14610 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1087182 | 11614 | SH |  | SOLE |  | 5795 | 0 | 5819 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 306203 | 3083 | SH |  | SOLE |  | 3083 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 397960 | 4545 | SH |  | SOLE |  | 1670 | 0 | 2875 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1277987 | 1482 | SH |  | SOLE |  | 1087 | 0 | 395 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 942819 | 3212 | SH |  | SOLE |  | 3212 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 4226393 | 116591 | SH |  | SOLE |  | 90484 | 0 | 26106 |
| CVS HEALTH CORP | COM | 126650100 |  | 327055 | 4121 | SH |  | SOLE |  | 4121 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 7949707 | 34727 | SH |  | SOLE |  | 30066 | 0 | 4661 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 280799 | 1815 | SH |  | SOLE |  | 1815 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 386249 | 3395 | SH |  | SOLE |  | 2815 | 0 | 580 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 4817549 | 41102 | SH |  | SOLE |  | 34787 | 0 | 6315 |
| ELI LILLY  CO | COM | 532457108 |  | 48891482 | 45494 | SH |  | SOLE |  | 14061 | 0 | 31433 |
| EMERSON ELEC CO | COM | 291011104 |  | 923935 | 6962 | SH |  | SOLE |  | 5612 | 0 | 1350 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 366830 | 2817 | SH |  | SOLE |  | 542 | 0 | 2275 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 9901345 | 82278 | SH |  | SOLE |  | 63734 | 0 | 18544 |
| FLUOR CORP NEW | COM | 343412102 |  | 5375958 | 135654 | SH |  | SOLE |  | 119335 | 0 | 16319 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1124002 | 3649 | SH |  | SOLE |  | 871 | 0 | 2778 |
| GE VERNOVA INC | COM | 36828A101 |  | 528738 | 809 | SH |  | SOLE |  | 154 | 0 | 655 |
| GENERAC HLDGS INC | COM | 368736104 |  | 1691674 | 12405 | SH |  | SOLE |  | 11110 | 0 | 1295 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 5538579 | 6301 | SH |  | SOLE |  | 5696 | 0 | 605 |
| HERSHEY CO | COM | 427866108 |  | 214919 | 1181 | SH |  | SOLE |  | 436 | 0 | 745 |
| HOME DEPOT INC | COM | 437076102 |  | 5971722 | 17355 | SH |  | SOLE |  | 11593 | 0 | 5762 |
| HONEYWELL INTL INC | COM | 438516106 |  | 254787 | 1306 | SH |  | SOLE |  | 971 | 0 | 335 |
| HUBBELL INC | COM | 443510607 |  | 399700 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 361569 | 1468 | SH |  | SOLE |  | 863 | 0 | 605 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 9170061 | 30958 | SH |  | SOLE |  | 26969 | 0 | 3989 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 37386557 | 66012 | SH |  | SOLE |  | 0 | 0 | 66012 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1761226 | 2867 | SH |  | SOLE |  | 312 | 0 | 2555 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 8335029 | 163882 | SH |  | SOLE |  | 0 | 0 | 163882 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 872601 | 4370 | SH |  | SOLE |  | 0 | 0 | 4370 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 255764 | 2075 | SH |  | SOLE |  | 0 | 0 | 2075 |
| ISHARES TR | CORE S ETF | 464287200 |  | 599322 | 875 | SH |  | SOLE |  | 0 | 0 | 875 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 557155 | 4636 | SH |  | SOLE |  | 0 | 0 | 4636 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 1360744 | 12753 | SH |  | SOLE |  | 0 | 0 | 12753 |
| ISHARES TR | NEW YORK MUN ETF | 464288323 |  | 545961 | 10203 | SH |  | SOLE |  | 10203 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1884690 | 9107 | SH |  | SOLE |  | 4850 | 0 | 4257 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 17129277 | 53160 | SH |  | SOLE |  | 40516 | 0 | 12644 |
| KLA CORP | COM NEW | 482480100 |  | 16842227 | 13861 | SH |  | SOLE |  | 12314 | 0 | 1547 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 4166621 | 17386 | SH |  | SOLE |  | 14556 | 0 | 2831 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 675441 | 1396 | SH |  | SOLE |  | 676 | 0 | 720 |
| MARATHON PETE CORP | COM | 56585A102 |  | 228821 | 1407 | SH |  | SOLE |  | 1407 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 6066125 | 32697 | SH |  | SOLE |  | 25418 | 0 | 7280 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 654799 | 1147 | SH |  | SOLE |  | 1052 | 0 | 95 |
| MCDONALDS CORP | COM | 580135101 |  | 5243567 | 17157 | SH |  | SOLE |  | 15222 | 0 | 1935 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 9837408 | 102409 | SH |  | SOLE |  | 1019 | 0 | 101390 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 4463625 | 2216 | SH |  | SOLE |  | 2113 | 0 | 103 |
| MERCK  CO INC | COM | 58933Y105 |  | 870989 | 8275 | SH |  | SOLE |  | 6800 | 0 | 1475 |
| META PLATFORMS INC | CL A | 30303M102 |  | 12768787 | 19344 | SH |  | SOLE |  | 17381 | 0 | 1963 |
| MICROSOFT CORP | COM | 594918104 |  | 35700318 | 73819 | SH |  | SOLE |  | 58924 | 0 | 14895 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 3121342 | 57985 | SH |  | SOLE |  | 49845 | 0 | 8140 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 9300369 | 52388 | SH |  | SOLE |  | 40871 | 0 | 11517 |
| NETFLIX INC | COM | 64110L106 |  | 4298519 | 45846 | SH |  | SOLE |  | 43656 | 0 | 2190 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 4025241 | 50140 | SH |  | SOLE |  | 47860 | 0 | 2280 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 232131 | 804 | SH |  | SOLE |  | 375 | 0 | 429 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 735568 | 1290 | SH |  | SOLE |  | 1250 | 0 | 40 |
| NUCOR CORP | COM | 670346105 |  | 3652036 | 22391 | SH |  | SOLE |  | 19943 | 0 | 2447 |
| NUVEEN MUN VALUE FD INC | COM | 670928100 |  | 332631 | 36715 | SH |  | SOLE |  | 33014 | 0 | 3700 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 43895013 | 235361 | SH |  | SOLE |  | 186091 | 0 | 49271 |
| ORACLE CORP | COM | 68389X105 |  | 2285423 | 11725 | SH |  | SOLE |  | 10896 | 0 | 830 |
| ORANGE CNTY BANCORP INC | COM | 68417L107 |  | 31451165 | 1101617 | SH |  | SOLE |  | 198649 | 0 | 902968 |
| OSHKOSH CORP | COM | 688239201 |  | 393349 | 3131 | SH |  | SOLE |  | 1163 | 0 | 1968 |
| PEPSICO INC | COM | 713448108 |  | 5309629 | 36996 | SH |  | SOLE |  | 27514 | 0 | 9482 |
| PFIZER INC | COM | 717081103 |  | 409464 | 16444 | SH |  | SOLE |  | 12074 | 0 | 4370 |
| PLATINUM GROUP METALS LTD | COM | 72765Q882 |  | 31034 | 13150 | SH |  | SOLE |  | 0 | 0 | 13150 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 266131 | 1275 | SH |  | SOLE |  | 200 | 0 | 1075 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2482625 | 17323 | SH |  | SOLE |  | 13021 | 0 | 4302 |
| PROLOGIS INC. | COM | 74340W103 |  | 4227023 | 33112 | SH |  | SOLE |  | 26965 | 0 | 6147 |
| QUANTA SVCS INC | COM | 74762E102 |  | 4822456 | 11426 | SH |  | SOLE |  | 10787 | 0 | 639 |
| RESMED INC | COM | 761152107 |  | 2649570 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 3104005 | 7978 | SH |  | SOLE |  | 7586 | 0 | 392 |
| RTX CORPORATION | COM | 75513E101 |  | 1768342 | 9642 | SH |  | SOLE |  | 4177 | 0 | 5465 |
| SALESFORCE INC | COM | 79466L302 |  | 8347050 | 31509 | SH |  | SOLE |  | 26659 | 0 | 4850 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 6074324 | 60798 | SH |  | SOLE |  | 55928 | 0 | 4870 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 8158937 | 69308 | SH |  | SOLE |  | 3 | 0 | 69305 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 28124827 | 195352 | SH |  | SOLE |  | 0 | 0 | 195352 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 1266948 | 27937 | SH |  | SOLE |  | 0 | 0 | 27937 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 4028638 | 51862 | SH |  | SOLE |  | 0 | 0 | 51862 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 1783888 | 41787 | SH |  | SOLE |  | 684 | 0 | 41103 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 6452206 | 41595 | SH |  | SOLE |  | 285 | 0 | 41310 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 1390790 | 34468 | SH |  | SOLE |  | 0 | 0 | 34468 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 8312293 | 53697 | SH |  | SOLE |  | 0 | 0 | 53697 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 2587861 | 57881 | SH |  | SOLE |  | 0 | 0 | 57881 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 11010413 | 201030 | SH |  | SOLE |  | 372 | 0 | 200658 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 8668448 | 72594 | SH |  | SOLE |  | 0 | 0 | 72594 |
| SERVICENOW INC | COM | 81762P102 |  | 4855226 | 31694 | SH |  | SOLE |  | 30489 | 0 | 1205 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 5144261 | 15877 | SH |  | SOLE |  | 11755 | 0 | 4121 |
| SLB LIMITED | COM STK | 806857108 |  | 3377175 | 87993 | SH |  | SOLE |  | 80194 | 0 | 7799 |
| SOUTHERN CO | COM | 842587107 |  | 1656800 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 12846693 | 18839 | SH |  | SOLE |  | 90 | 0 | 18749 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 2617034 | 4338 | SH |  | SOLE |  | 0 | 0 | 4338 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A474 |  | 34284945 | 1135263 | SH |  | SOLE |  | 0 | 0 | 1135263 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A375 |  | 43401452 | 1283687 | SH |  | SOLE |  | 0 | 0 | 1283687 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 479085 | 4490 | SH |  | SOLE |  | 0 | 0 | 4490 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 327850 | 5771 | SH |  | SOLE |  | 0 | 0 | 5771 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 7055480 | 150565 | SH |  | SOLE |  | 0 | 0 | 150565 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A847 |  | 1839510 | 31765 | SH |  | SOLE |  | 0 | 0 | 31765 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 4989122 | 62193 | SH |  | SOLE |  | 32788 | 0 | 29405 |
| STARBUCKS CORP | COM | 855244109 |  | 5193589 | 61674 | SH |  | SOLE |  | 53703 | 0 | 7971 |
| SYSCO CORP | COM | 871829107 |  | 381277 | 5174 | SH |  | SOLE |  | 3524 | 0 | 1650 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 5500032 | 21482 | SH |  | SOLE |  | 20409 | 0 | 1073 |
| TESLA INC | COM | 88160R101 |  | 236103 | 525 | SH |  | SOLE |  | 525 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 10217161 | 17633 | SH |  | SOLE |  | 14237 | 0 | 3396 |
| TRIMBLE INC | COM | 896239100 |  | 3060355 | 39060 | SH |  | SOLE |  | 37029 | 0 | 2031 |
| UNITED RENTALS INC | COM | 911363109 |  | 6625923 | 8187 | SH |  | SOLE |  | 6399 | 0 | 1788 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6002047 | 18182 | SH |  | SOLE |  | 15086 | 0 | 3096 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 231976 | 1425 | SH |  | SOLE |  | 0 | 0 | 1425 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 563411 | 13833 | SH |  | SOLE |  | 10770 | 0 | 3063 |
| VISA INC | COM CL A | 92826C839 |  | 11480840 | 32735 | SH |  | SOLE |  | 26359 | 0 | 6377 |
| WALMART INC | COM | 931142103 |  | 3558838 | 31944 | SH |  | SOLE |  | 17424 | 0 | 14520 |
| WEBSTER FINL CORP | COM | 947890109 |  | 2389077 | 37958 | SH |  | SOLE |  | 37958 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 2383630 | 100617 | SH |  | SOLE |  | 89851 | 0 | 10767 |
| WW GRAINGER INC | COM | 384802104 |  | 6072403 | 6018 | SH |  | SOLE |  | 5345 | 0 | 673 |

---