# EDGAR Filing Document

**Accession Number:** 0001600035
**File Stem:** 0001600035-26-000001
**Filing Date:** 2026-2
**Character Count:** 25483
**Document Hash:** adad2ae1dc6a393321831d5b877af7f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001600035-26-000001.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001600035-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stonebridge Capital Advisors LLC
- **CENTRAL INDEX KEY:** 0001600035

**ORGANIZATION NAME:**
- **EIN:** 411860986
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16094
- **FILM NUMBER:** 26625762

**BUSINESS ADDRESS:**
- **STREET 1:** 2550 UNIVERSITY AVE WEST
- **STREET 2:** SUITE 455 SOUTH
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55114
- **BUSINESS PHONE:** 651-251-1000

**MAIL ADDRESS:**
- **STREET 1:** 2550 UNIVERSITY AVE WEST
- **STREET 2:** SUITE 455 SOUTH
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55114

### 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:** Stonebridge Capital Advisors LLC<br>**Address:** 2550 UNIVERSITY AVE WEST<br>SUITE 455 SOUTH<br>ST PAUL, MN 55114

**Form 13F File Number:** 028-16094

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:** Michael Dashner<br>**Title:** Portfolio Manager<br>**Phone:** 6512511000

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

Michael Dashner  St Paul, MN  02-12-2026<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:** 211

**Form 13F Information Table Value Total:** $1443485684

      (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 |
| AMAZON COM INC COM | Stock | 023135106 |  | 50437854 | 218516 | SH |  | SOLE | 0 | 218515 | 0 | 0 |
| PRUDENTIAL FINL INC COM | Stock | 744320102 |  | 1743004 | 15441 | SH |  | SOLE | 0 | 15441 | 0 | 0 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 445042 | 724 | SH |  | SOLE | 0 | 724 | 0 | 0 |
| STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | ETF | 81369Y803 |  | 270455 | 1879 | SH |  | SOLE | 0 | 1878 | 0 | 0 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 3200350 | 38004 | SH |  | SOLE | 0 | 38004 | 0 | 0 |
| SEMPRA COM | Stock | 816851109 |  | 10013604 | 113417 | SH |  | SOLE | 0 | 113417 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY A COM | Stock | 036752103 |  | 1838284 | 5244 | SH |  | SOLE | 0 | 5244 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | Stock | 256677105 |  | 1584236 | 11932 | SH |  | SOLE | 0 | 11932 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 18284555 | 88353 | SH |  | SOLE | 0 | 88352 | 0 | 0 |
| VANGUARD EXTENDED MARKET ETF | ETF | 922908652 |  | 340656 | 1629 | SH |  | SOLE | 0 | 1629 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION COM | Stock | 22160K105 |  | 353336 | 410 | SH |  | SOLE | 0 | 409 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 853476 | 15600 | SH |  | SOLE | 0 | 15600 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 12526715 | 14251 | SH |  | SOLE | 0 | 14251 | 0 | 0 |
| STATE STREET REAL ESTATE SELECT SECTOR SPDR ETF | ETF | 81369Y860 |  | 14890328 | 369029 | SH |  | SOLE | 0 | 369029 | 0 | 0 |
| EXP WORLD HLDGS INC COM | Stock | 30212W100 |  | 154076 | 17025 | SH |  | SOLE | 0 | 17025 | 0 | 0 |
| PROCTER  GAMBLE CO COM | Stock | 742718109 |  | 20333810 | 141887 | SH |  | SOLE | 0 | 141886 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 18032043 | 257932 | SH |  | SOLE | 0 | 257932 | 0 | 0 |
| GENERAL MILLS INC COM | Stock | 370334104 |  | 1316053 | 28302 | SH |  | SOLE | 0 | 28302 | 0 | 0 |
| TRUIST FINL CORP COM | Stock | 89832Q109 |  | 1158312 | 23538 | SH |  | SOLE | 0 | 23538 | 0 | 0 |
| UNITED PARCEL SVCS INC CL B | Stock | 911312106 |  | 7569706 | 76315 | SH |  | SOLE | 0 | 76315 | 0 | 0 |
| MARRIOTT INTL INC NEW CL A | Stock | 571903202 |  | 11781258 | 37975 | SH |  | SOLE | 0 | 37974 | 0 | 0 |
| ISHARES MSCI ACWI EX U.S. ETF | ETF | 464288240 |  | 1373815 | 20465 | SH |  | SOLE | 0 | 20465 | 0 | 0 |
| INTEL CORP COM | Stock | 458140100 |  | 913854 | 24766 | SH |  | SOLE | 0 | 24765 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 17816144 | 185469 | SH |  | SOLE | 0 | 185468 | 0 | 0 |
| SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST | ETF | 78467X109 |  | 281133 | 585 | SH |  | SOLE | 0 | 585 | 0 | 0 |
| HORMEL FOODS CORP COM | Stock | 440452100 |  | 330734 | 13955 | SH |  | SOLE | 0 | 13955 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 16289392 | 154754 | SH |  | SOLE | 0 | 154753 | 0 | 0 |
| STATE STREET SPDR S 500 ETF | ETF | 78462F103 |  | 999345 | 1465 | SH |  | SOLE | 0 | 1465 | 0 | 0 |
| MCKESSON CORP COM | Stock | 58155Q103 |  | 314991 | 384 | SH |  | SOLE | 0 | 384 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 456372 | 799 | SH |  | SOLE | 0 | 799 | 0 | 0 |
| DIAGEO PLC SPON ADR NEW | ADR | 25243Q205 |  | 275884 | 3198 | SH |  | SOLE | 0 | 3197 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIONS CL A | Stock | 192446102 |  | 260952 | 3144 | SH |  | SOLE | 0 | 3144 | 0 | 0 |
| CORNING INC COM | Stock | 219350105 |  | 18761211 | 214267 | SH |  | SOLE | 0 | 214266 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP COM | Stock | 28176E108 |  | 2166458 | 25413 | SH |  | SOLE | 0 | 25413 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 2375604 | 58326 | SH |  | SOLE | 0 | 58325 | 0 | 0 |
| MARVELL TECHNOLOGY INC COM | Stock | 573874104 |  | 11065839 | 130217 | SH |  | SOLE | 0 | 130216 | 0 | 0 |
| FEDEX CORP COM | Stock | 31428X106 |  | 281019 | 973 | SH |  | SOLE | 0 | 972 | 0 | 0 |
| SNAP ON INC COM | Stock | 833034101 |  | 238189 | 691 | SH |  | SOLE | 0 | 691 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 1386585 | 9661 | SH |  | SOLE | 0 | 9661 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | Stock | 494368103 |  | 399304 | 3958 | SH |  | SOLE | 0 | 3957 | 0 | 0 |
| HONEYWELL INTL INC COM | Stock | 438516106 |  | 13594713 | 69684 | SH |  | SOLE | 0 | 69684 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | Stock | G8994E103 |  | 266213 | 684 | SH |  | SOLE | 0 | 684 | 0 | 0 |
| FORD MTR CO COM | Stock | 345370860 |  | 142731 | 10879 | SH |  | SOLE | 0 | 10878 | 0 | 0 |
| US BANCORP COM NEW | Stock | 902973304 |  | 16367107 | 306730 | SH |  | SOLE | 0 | 306729 | 0 | 0 |
| XCEL ENERGY INC COM | Stock | 98389B100 |  | 559040 | 7569 | SH |  | SOLE | 0 | 7568 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 21184466 | 61565 | SH |  | SOLE | 0 | 61564 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF | ETF | 78464A375 |  | 200865 | 5941 | SH |  | SOLE | 0 | 5941 | 0 | 0 |
| FAIR ISAAC CORP COM | Stock | 303250104 |  | 255284 | 151 | SH |  | SOLE | 0 | 151 | 0 | 0 |
| VERISK ANALYTICS INC COM | Stock | 92345Y106 |  | 2667056 | 11923 | SH |  | SOLE | 0 | 11923 | 0 | 0 |
| SOUTHERN CO COM | Stock | 842587107 |  | 292348 | 3353 | SH |  | SOLE | 0 | 3352 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW COM | Stock | 7591EP100 |  | 1143620 | 42200 | SH |  | SOLE | 0 | 42200 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 5297682 | 11193 | SH |  | SOLE | 0 | 11193 | 0 | 0 |
| LABCORP HOLDINGS INC COM SHS | Stock | 504922105 |  | 1134479 | 4522 | SH |  | SOLE | 0 | 4522 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 |  | 369124 | 13717 | SH |  | SOLE | 0 | 13717 | 0 | 0 |
| OLD NATL BANCORP IND COM | Stock | 680033107 |  | 7318015 | 328015 | SH |  | SOLE | 0 | 328015 | 0 | 0 |
| IQVIA HLDGS INC COM | Stock | 46266C105 |  | 2034551 | 9026 | SH |  | SOLE | 0 | 9026 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 401161 | 3338 | SH |  | SOLE | 0 | 3338 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 2335460 | 4646 | SH |  | SOLE | 0 | 4646 | 0 | 0 |
| ADOBE INC COM | Stock | 00724F101 |  | 275442 | 787 | SH |  | SOLE | 0 | 787 | 0 | 0 |
| VANGUARD SHORT-TERM CORPORATE BOND ETF | ETF | 92206C409 |  | 75726350 | 949785 | SH |  | SOLE | 0 | 949784 | 0 | 0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF | ETF | 92206C870 |  | 43271198 | 516671 | SH |  | SOLE | 0 | 516671 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 69798997 | 223000 | SH |  | SOLE | 0 | 222999 | 0 | 0 |
| FISERV INC COM | Stock | 337738108 |  | 279749 | 4165 | SH |  | SOLE | 0 | 4164 | 0 | 0 |
| CONSTELLATION BRANDS INC CL A | Stock | 21036P108 |  | 8051468 | 58361 | SH |  | SOLE | 0 | 58360 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 64798481 | 133986 | SH |  | SOLE | 0 | 133986 | 0 | 0 |
| NVENT ELECTRIC PLC SHS | Stock | G6700G107 |  | 522596 | 5125 | SH |  | SOLE | 0 | 5125 | 0 | 0 |
| SLB LIMITED COM STK | Stock | 806857108 |  | 9668193 | 251907 | SH |  | SOLE | 0 | 251907 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 258247 | 3254 | SH |  | SOLE | 0 | 3254 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR | CEF | 85207H104 |  | 325247 | 9850 | SH |  | SOLE | 0 | 9850 | 0 | 0 |
| BROWN  BROWN INC COM | Stock | 115236101 |  | 231130 | 2900 | SH |  | SOLE | 0 | 2900 | 0 | 0 |
| AVERY DENNISON CORP COM | Stock | 053611109 |  | 6983034 | 38394 | SH |  | SOLE | 0 | 38393 | 0 | 0 |
| TENNANT CO COM | Stock | 880345103 |  | 262741 | 3565 | SH |  | SOLE | 0 | 3565 | 0 | 0 |
| INVESCO BULLETSHARES 2028 CORPORATE BOND ETF | ETF | 46138J643 |  | 215785 | 10475 | SH |  | SOLE | 0 | 10475 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 546256 | 6804 | SH |  | SOLE | 0 | 6804 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 13185930 | 60731 | SH |  | SOLE | 0 | 60731 | 0 | 0 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 5921019 | 22954 | SH |  | SOLE | 0 | 22954 | 0 | 0 |
| NIKE INC CL B | Stock | 654106103 |  | 9638357 | 151285 | SH |  | SOLE | 0 | 151284 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 954058 | 2121 | SH |  | SOLE | 0 | 2121 | 0 | 0 |
| DIAMEDICA THERAPEUTICS INC COM NEW | Stock | 25253X207 |  | 139300 | 17500 | SH |  | SOLE | 0 | 17500 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | Stock | 655844108 |  | 241370 | 836 | SH |  | SOLE | 0 | 836 | 0 | 0 |
| VANGUARD INDUSTRIALS ETF | ETF | 92204A603 |  | 210358 | 705 | SH |  | SOLE | 0 | 705 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 437192 | 580 | SH |  | SOLE | 0 | 580 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP VALUE ETF | ETF | 808524409 |  | 709485 | 23961 | SH |  | SOLE | 0 | 23961 | 0 | 0 |
| DATAVAULT AI INC COM SHS | Stock | 86633R609 |  | 35866 | 55000 | SH |  | SOLE | 0 | 55000 | 0 | 0 |
| WELLTOWER INC COM | REIT | 95040Q104 |  | 258000 | 1390 | SH |  | SOLE | 0 | 1390 | 0 | 0 |
| WINTRUST FINL CORP COM | Stock | 97650W108 |  | 209730 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 2960393 | 4721 | SH |  | SOLE | 0 | 4720 | 0 | 0 |
| CORTEVA INC COM | Stock | 22052L104 |  | 9088131 | 135583 | SH |  | SOLE | 0 | 135583 | 0 | 0 |
| CROWDSTRIKE HLDGS INC CL A | Stock | 22788C105 |  | 4255117 | 9077 | SH |  | SOLE | 0 | 9077 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 11773595 | 10955 | SH |  | SOLE | 0 | 10955 | 0 | 0 |
| AIR PRODUCTS AND CHEMICALS INC COM | Stock | 009158106 |  | 498980 | 2020 | SH |  | SOLE | 0 | 2020 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 1279294 | 5197 | SH |  | SOLE | 0 | 5197 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC COM | Stock | 446413106 |  | 2339919 | 6881 | SH |  | SOLE | 0 | 6880 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 13803222 | 117765 | SH |  | SOLE | 0 | 117764 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | Stock | 595112103 |  | 224669 | 787 | SH |  | SOLE | 0 | 787 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | Stock | 14448C104 |  | 325230 | 6155 | SH |  | SOLE | 0 | 6155 | 0 | 0 |
| SYSCO CORP COM | Stock | 871829107 |  | 2583260 | 35056 | SH |  | SOLE | 0 | 35055 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC COM | Stock | 169656105 |  | 1470103 | 39733 | SH |  | SOLE | 0 | 39732 | 0 | 0 |
| ISHARES SELECT DIVIDEND ETF | ETF | 464287168 |  | 1502859 | 10648 | SH |  | SOLE | 0 | 10648 | 0 | 0 |
| ISHARES RUSSELL MID-CAP GROWTH ETF | ETF | 464287481 |  | 1229858 | 8981 | SH |  | SOLE | 0 | 8981 | 0 | 0 |
| FULLER H B CO COM | Stock | 359694106 |  | 392436 | 6600 | SH |  | SOLE | 0 | 6600 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 950811 | 5349 | SH |  | SOLE | 0 | 5349 | 0 | 0 |
| DARLING INGREDIENTS INC COM | Stock | 237266101 |  | 461772 | 12827 | SH |  | SOLE | 0 | 12827 | 0 | 0 |
| WINMARK CORP COM | Stock | 974250102 |  | 1755415 | 4335 | SH |  | SOLE | 0 | 4335 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 25131057 | 71658 | SH |  | SOLE | 0 | 71657 | 0 | 0 |
| HERSHEY CO COM | Stock | 427866108 |  | 3005621 | 16516 | SH |  | SOLE | 0 | 16516 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 252871 | 1324 | SH |  | SOLE | 0 | 1324 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 221488 | 454 | SH |  | SOLE | 0 | 454 | 0 | 0 |
| CONSTELLATION ENERGY CORP COM | Stock | 21037T109 |  | 562406 | 1592 | SH |  | SOLE | 0 | 1592 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 36887863 | 55883 | SH |  | SOLE | 0 | 55883 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | Stock | 697435105 |  | 259859 | 1411 | SH |  | SOLE | 0 | 1410 | 0 | 0 |
| SYMBOTIC INC CLASS A COM | Stock | 87151X101 |  | 215271 | 3618 | SH |  | SOLE | 0 | 3618 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 19725470 | 56994 | SH |  | SOLE | 0 | 56993 | 0 | 0 |
| EATON VANCE TAX MNGED BUY WRIT COM | CEF | 27828X100 |  | 213780 | 14000 | SH |  | SOLE | 0 | 14000 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 854611 | 9553 | SH |  | SOLE | 0 | 9553 | 0 | 0 |
| CF INDUSTRIES HOLD COM | Stock | 125269100 |  | 1841072 | 23805 | SH |  | SOLE | 0 | 23804 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 4343196 | 157992 | SH |  | SOLE | 0 | 157991 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 10031828 | 37390 | SH |  | SOLE | 0 | 37390 | 0 | 0 |
| ENBRIDGE INC COM | Stock | 29250N105 |  | 449830 | 9401 | SH |  | SOLE | 0 | 9401 | 0 | 0 |
| ENTEGRIS INC COM | Stock | 29362U104 |  | 299088 | 3550 | SH |  | SOLE | 0 | 3550 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 30957506 | 165992 | SH |  | SOLE | 0 | 165991 | 0 | 0 |
| EOG RES INC COM | Stock | 26875P101 |  | 1471295 | 14011 | SH |  | SOLE | 0 | 14011 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 363874 | 1593 | SH |  | SOLE | 0 | 1592 | 0 | 0 |
| VANGUARD SHORT-TERM TAX EXEMPT BOND ETF | ETF | 921935870 |  | 9336311 | 91915 | SH |  | SOLE | 0 | 91915 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | ETF | 922042775 |  | 27457014 | 373260 | SH |  | SOLE | 0 | 373260 | 0 | 0 |
| INVESCO LTD SHS | Stock | G491BT108 |  | 292254 | 11125 | SH |  | SOLE | 0 | 11125 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 1359300 | 4473 | SH |  | SOLE | 0 | 4473 | 0 | 0 |
| BLACKSTONE INC COM | Stock | 09260D107 |  | 456120 | 2959 | SH |  | SOLE | 0 | 2959 | 0 | 0 |
| GRACO INC COM | Stock | 384109104 |  | 3225810 | 39354 | SH |  | SOLE | 0 | 39353 | 0 | 0 |
| ROCKWELL AUTOMATION INC COM | Stock | 773903109 |  | 1112740 | 2860 | SH |  | SOLE | 0 | 2860 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 2693315 | 7663 | SH |  | SOLE | 0 | 7663 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 23107881 | 135094 | SH |  | SOLE | 0 | 135094 | 0 | 0 |
| FASTENAL CO COM | Stock | 311900104 |  | 404831 | 10088 | SH |  | SOLE | 0 | 10088 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | Stock | 46120E602 |  | 2816480 | 4973 | SH |  | SOLE | 0 | 4972 | 0 | 0 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 30683267 | 100394 | SH |  | SOLE | 0 | 100393 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 4201943 | 54549 | SH |  | SOLE | 0 | 54549 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 18408510 | 85957 | SH |  | SOLE | 0 | 85956 | 0 | 0 |
| AT INC COM | Stock | 00206R102 |  | 11574015 | 465943 | SH |  | SOLE | 0 | 465942 | 0 | 0 |
| GE VERNOVA INC COM | Stock | 36828A101 |  | 261369 | 400 | SH |  | SOLE | 0 | 399 | 0 | 0 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 491310 | 1595 | SH |  | SOLE | 0 | 1595 | 0 | 0 |
| MOTOROLA SOLUTIONS INC COM NEW | Stock | 620076307 |  | 378693 | 988 | SH |  | SOLE | 0 | 987 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 51764862 | 75576 | SH |  | SOLE | 0 | 75575 | 0 | 0 |
| ONEOK INC NEW COM | Stock | 682680103 |  | 319428 | 4346 | SH |  | SOLE | 0 | 4345 | 0 | 0 |
| WELLS FARGO  CO COM | Stock | 949746101 |  | 3998751 | 42905 | SH |  | SOLE | 0 | 42905 | 0 | 0 |
| UNION PAC CORP COM | Stock | 907818108 |  | 201804 | 872 | SH |  | SOLE | 0 | 872 | 0 | 0 |
| ECOLAB INC COM | Stock | 278865100 |  | 650539 | 2478 | SH |  | SOLE | 0 | 2478 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 15019029 | 56695 | SH |  | SOLE | 0 | 56694 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. COM | Stock | 595017104 |  | 824409 | 12938 | SH |  | SOLE | 0 | 12938 | 0 | 0 |
| DARDEN RESTAURANTS INC COM | Stock | 237194105 |  | 450849 | 2450 | SH |  | SOLE | 0 | 2450 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 14787207 | 25519 | SH |  | SOLE | 0 | 25519 | 0 | 0 |
| TORO CO COM | Stock | 891092108 |  | 732017 | 9299 | SH |  | SOLE | 0 | 9299 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 279561 | 578 | SH |  | SOLE | 0 | 578 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 37782551 | 117257 | SH |  | SOLE | 0 | 117257 | 0 | 0 |
| CHEVRON CORPORATION COM | Stock | 166764100 |  | 15798749 | 103660 | SH |  | SOLE | 0 | 103659 | 0 | 0 |
| ISHARES NATIONAL MUNI BOND ETF | ETF | 464288414 |  | 1056961 | 9868 | SH |  | SOLE | 0 | 9868 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 4893800 | 52279 | SH |  | SOLE | 0 | 52278 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 419798 | 6720 | SH |  | SOLE | 0 | 6720 | 0 | 0 |
| TJX COS INC NEW COM | Stock | 872540109 |  | 333733 | 2173 | SH |  | SOLE | 0 | 2172 | 0 | 0 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 3599747 | 65450 | SH |  | SOLE | 0 | 65449 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 24131986 | 216605 | SH |  | SOLE | 0 | 216605 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 4507812 | 15218 | SH |  | SOLE | 0 | 15218 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 20089782 | 103072 | SH |  | SOLE | 0 | 103072 | 0 | 0 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 5837804 | 31831 | SH |  | SOLE | 0 | 31830 | 0 | 0 |
| TARGET CORP COM | Stock | 87612E106 |  | 2005202 | 20514 | SH |  | SOLE | 0 | 20513 | 0 | 0 |
| VANGUARD HIGH DIVIDEND YIELD INDEX ETF | ETF | 921946406 |  | 14647014 | 102056 | SH |  | SOLE | 0 | 102055 | 0 | 0 |
| PFIZER INC COM | Stock | 717081103 |  | 507811 | 20394 | SH |  | SOLE | 0 | 20394 | 0 | 0 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 14942047 | 121737 | SH |  | SOLE | 0 | 121737 | 0 | 0 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 935547 | 1633 | SH |  | SOLE | 0 | 1633 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 4196772 | 13374 | SH |  | SOLE | 0 | 13374 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 871855 | 2357 | SH |  | SOLE | 0 | 2356 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 2171309 | 8449 | SH |  | SOLE | 0 | 8449 | 0 | 0 |
| OTIS WORLDWIDE CORP COM | Stock | 68902V107 |  | 220646 | 2526 | SH |  | SOLE | 0 | 2526 | 0 | 0 |
| ANALOG DEVICES INC COM | Stock | 032654105 |  | 3241564 | 11953 | SH |  | SOLE | 0 | 11952 | 0 | 0 |
| AGNICO EAGLE MINES LTD COM | Stock | 008474108 |  | 467733 | 2759 | SH |  | SOLE | 0 | 2759 | 0 | 0 |
| ARISTA NETWORKS INC COM SHS | Stock | 040413205 |  | 2362109 | 18027 | SH |  | SOLE | 0 | 18027 | 0 | 0 |
| MERCADOLIBRE INC COM | Stock | 58733R102 |  | 239697 | 119 | SH |  | SOLE | 0 | 119 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 353709 | 1609 | SH |  | SOLE | 0 | 1609 | 0 | 0 |
| BARINGS CORPORATE INVS COM | CEF | 06759X107 |  | 241395 | 13300 | SH |  | SOLE | 0 | 13300 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 319816 | 3202 | SH |  | SOLE | 0 | 3202 | 0 | 0 |
| EATON CORP PLC SHS | Stock | G29183103 |  | 10840091 | 34034 | SH |  | SOLE | 0 | 34033 | 0 | 0 |
| ALLIANT ENERGY CORP COM | Stock | 018802108 |  | 1316303 | 20248 | SH |  | SOLE | 0 | 20247 | 0 | 0 |
| AMER STATES WTR CO COM | Stock | 029899101 |  | 231936 | 3200 | SH |  | SOLE | 0 | 3200 | 0 | 0 |
| ASSOCIATED BANC-CORP COM | Stock | 045487105 |  | 901600 | 35000 | SH |  | SOLE | 0 | 35000 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC COM NEW | Stock | 12541W209 |  | 443376 | 2758 | SH |  | SOLE | 0 | 2758 | 0 | 0 |
| DELTA AIR LINES INC COM NEW | Stock | 247361702 |  | 1302846 | 18773 | SH |  | SOLE | 0 | 18773 | 0 | 0 |
| LITTELFUSE INC COM | Stock | 537008104 |  | 487124 | 1926 | SH |  | SOLE | 0 | 1926 | 0 | 0 |
| ONTO INNOVATION INC COM | Stock | 683344105 |  | 748414 | 4741 | SH |  | SOLE | 0 | 4741 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 405032 | 2525 | SH |  | SOLE | 0 | 2525 | 0 | 0 |
| NUCOR CORP COM | Stock | 670346105 |  | 461601 | 2830 | SH |  | SOLE | 0 | 2830 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 9228864 | 171095 | SH |  | SOLE | 0 | 171094 | 0 | 0 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 3487911 | 29890 | SH |  | SOLE | 0 | 29890 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 19996525 | 166167 | SH |  | SOLE | 0 | 166166 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 9670543 | 29295 | SH |  | SOLE | 0 | 29294 | 0 | 0 |
| TRAVELERS COMPANIES INC COM | Stock | 89417E109 |  | 17205945 | 59319 | SH |  | SOLE | 0 | 59318 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 230903 | 957 | SH |  | SOLE | 0 | 957 | 0 | 0 |
| SOUTHWEST AIRLS CO COM | Stock | 844741108 |  | 270418 | 6543 | SH |  | SOLE | 0 | 6542 | 0 | 0 |
| ISHARES MSCI ACWI ETF | ETF | 464288257 |  | 381174 | 2694 | SH |  | SOLE | 0 | 2694 | 0 | 0 |
| DINE BRANDS GLOBAL INC COM | Stock | 254423106 |  | 341745 | 10633 | SH |  | SOLE | 0 | 10633 | 0 | 0 |
| COLGATE PALMOLIVE CO COM | Stock | 194162103 |  | 237060 | 3000 | SH |  | SOLE | 0 | 3000 | 0 | 0 |
| SHOPIFY INC CL A SUB VTG SHS | Stock | 82509L107 |  | 224553 | 1395 | SH |  | SOLE | 0 | 1395 | 0 | 0 |
| KRAFT HEINZ CO COM | Stock | 500754106 |  | 955142 | 39387 | SH |  | SOLE | 0 | 39387 | 0 | 0 |
| PAYPAL HLDGS INC COM | Stock | 70450Y103 |  | 9103923 | 155943 | SH |  | SOLE | 0 | 155942 | 0 | 0 |
| SCHWAB CHARLES CORP COM | Stock | 808513105 |  | 3874652 | 38781 | SH |  | SOLE | 0 | 38781 | 0 | 0 |
| BLACKROCK INC COM | Stock | 09290D101 |  | 20522881 | 19174 | SH |  | SOLE | 0 | 19174 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 300894 | 4559 | SH |  | SOLE | 0 | 4559 | 0 | 0 |
| BIO-TECHNE CORP COM | Stock | 09073M104 |  | 396968 | 6750 | SH |  | SOLE | 0 | 6750 | 0 | 0 |
| VANGUARD TAX-EXEMPT BOND ETF | ETF | 922907746 |  | 5992387 | 119157 | SH |  | SOLE | 0 | 119156 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 76864741 | 282736 | SH |  | SOLE | 0 | 282736 | 0 | 0 |
| WEC ENERGY GROUP INC COM | Stock | 92939U106 |  | 717982 | 6808 | SH |  | SOLE | 0 | 6808 | 0 | 0 |
| ABBOTT LABS COM | Stock | 002824100 |  | 2369149 | 18909 | SH |  | SOLE | 0 | 18909 | 0 | 0 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 14689911 | 129119 | SH |  | SOLE | 0 | 129119 | 0 | 0 |

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