# EDGAR Filing Document

**Accession Number:** 0001453620
**File Stem:** 0001453620-25-000014
**Filing Date:** 2025-10
**Character Count:** 23559
**Document Hash:** e44b62ae169b0e20bd9123ec8f5c9578
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001453620-25-000014.hdr.sgml**: 20251016

**ACCESSION NUMBER**: 0001453620-25-000014

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251016

**DATE AS OF CHANGE**: 20251016

**EFFECTIVENESS DATE**: 20251016

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cohen Klingenstein LLC
- **CENTRAL INDEX KEY:** 0001453620

**ORGANIZATION NAME:**
- **EIN:** 263260084
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13338
- **FILM NUMBER:** 251397232

**BUSINESS ADDRESS:**
- **STREET 1:** 1410 BROADWAY
- **STREET 2:** SUITE 1701
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 2127570235

**MAIL ADDRESS:**
- **STREET 1:** 1410 BROADWAY
- **STREET 2:** SUITE 1701
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cohen Klingenstein, LLC
- **DATE OF NAME CHANGE:** 20090109

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Cohen Klingenstein LLC<br>**Address:** 1410 BROADWAY<br>SUITE 1701<br>NEW YORK, NY 10018

**Form 13F File Number:** 028-13338

**CRD Number (if applicable):** 000148428

**SEC File Number (if applicable):** 801-69612

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:** George M. Cohen<br>**Title:** Managing Member<br>**Phone:** 212-757-0235

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

George M. Cohen  New York, NY  10-16-2025<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:** 204

**Form 13F Information Table Value Total:** $3191845034

      (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 |  | 4939845 | 31833 | SH |  | SOLE | NONE | 31833 | 0 | 0 |
| ABB Ltd ADR | COM | 000375204 |  | 1798750 | 25000 | SH |  | SOLE | NONE | 25000 | 0 | 0 |
| Abbott Labs | COM | 002824100 |  | 6621324 | 49435 | SH |  | SOLE | NONE | 49435 | 0 | 0 |
| Abbvie Inc | COM | 00287Y109 |  | 4167720 | 18000 | SH |  | SOLE | NONE | 18000 | 0 | 0 |
| Accenture PLC | COM | G1151C101 |  | 1676880 | 6800 | SH |  | SOLE | NONE | 6800 | 0 | 0 |
| Adobe Inc | COM | 00724F101 |  | 1570443 | 4452 | SH |  | SOLE | NONE | 4452 | 0 | 0 |
| Advanced Micro Dev | COM | 007903107 |  | 1957659 | 12100 | SH |  | SOLE | NONE | 12100 | 0 | 0 |
| Aflac Inc | COM | 001055102 |  | 2010600 | 18000 | SH |  | SOLE | NONE | 18000 | 0 | 0 |
| Air Lease | COM | 00912X302 |  | 1283184 | 20160 | SH |  | SOLE | NONE | 20160 | 0 | 0 |
| Air Products  Chemicals | COM | 009158106 |  | 1090880 | 4000 | SH |  | SOLE | NONE | 4000 | 0 | 0 |
| Allstate Corp | COM | 020002101 |  | 5325681 | 24811 | SH |  | SOLE | NONE | 24811 | 0 | 0 |
| Alphabet Class A | COM | 02079K305 |  | 61577230 | 253300 | SH |  | SOLE | NONE | 253300 | 0 | 0 |
| Alphabet Class C | COM | 02079K107 |  | 58749131 | 241220 | SH |  | SOLE | NONE | 241220 | 0 | 0 |
| Altria Group | COM | 02209S103 |  | 3382470 | 51203 | SH |  | SOLE | NONE | 51203 | 0 | 0 |
| Amazoncom | COM | 023135106 |  | 120450613 | 548575 | SH |  | SOLE | NONE | 548575 | 0 | 0 |
| Amdocs Limited | COM | G02602103 |  | 219894 | 2680 | SH |  | SOLE | NONE | 2680 | 0 | 0 |
| American Elec Power | COM | 025537101 |  | 618750 | 5500 | SH |  | SOLE | NONE | 5500 | 0 | 0 |
| American Express | COM | 025816109 |  | 61835570 | 186162 | SH |  | SOLE | NONE | 186162 | 0 | 0 |
| American Intl Group | COM | 026874107 |  | 1711230 | 21788 | SH |  | SOLE | NONE | 21788 | 0 | 0 |
| American Tower | COM | 03027X100 |  | 11714980 | 60914 | SH |  | SOLE | NONE | 60914 | 0 | 0 |
| Ameriprise Financial | COM | 03076C106 |  | 18531424 | 37723 | SH |  | SOLE | NONE | 37723 | 0 | 0 |
| Amgen Inc | COM | 031162100 |  | 8824394 | 31270 | SH |  | SOLE | NONE | 31270 | 0 | 0 |
| Aon PLC | COM | G0403H108 |  | 1782900 | 5000 | SH |  | SOLE | NONE | 5000 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 118772164 | 466450 | SH |  | SOLE | NONE | 466450 | 0 | 0 |
| Applied Materials | COM | 038222105 |  | 1965504 | 9600 | SH |  | SOLE | NONE | 9600 | 0 | 0 |
| ATT Inc | COM | 00206R102 |  | 4372456 | 154832 | SH |  | SOLE | NONE | 154832 | 0 | 0 |
| Automatic Data Proc | COM | 053015103 |  | 3141918 | 10705 | SH |  | SOLE | NONE | 10705 | 0 | 0 |
| Bank of Amer Corp | COM | 060505104 |  | 14344238 | 278043 | SH |  | SOLE | NONE | 278043 | 0 | 0 |
| Becton Dickinson | COM | 075887109 |  | 823548 | 4400 | SH |  | SOLE | NONE | 4400 | 0 | 0 |
| Berkshire Hathaway B | COM | 084670702 |  | 53257259 | 105934 | SH |  | SOLE | NONE | 105934 | 0 | 0 |
| Biogen Inc | COM | 09062X103 |  | 560320 | 4000 | SH |  | SOLE | NONE | 4000 | 0 | 0 |
| Boeing Company | COM | 097023105 |  | 2741041 | 12700 | SH |  | SOLE | NONE | 12700 | 0 | 0 |
| Booking Holdings Inc | COM | 09857L108 |  | 5399270 | 1000 | SH |  | SOLE | NONE | 1000 | 0 | 0 |
| Boston Scientific | COM | 101137107 |  | 2977715 | 30500 | SH |  | SOLE | NONE | 30500 | 0 | 0 |
| Bristol-Myers Squibb | COM | 110122108 |  | 2144911 | 47559 | SH |  | SOLE | NONE | 47559 | 0 | 0 |
| Broadcom Inc | COM | Y09827109 |  | 58577170 | 177555 | SH |  | SOLE | NONE | 177555 | 0 | 0 |
| Cable ONE | COM | 12685J105 |  | 354100 | 2000 | SH |  | SOLE | NONE | 2000 | 0 | 0 |
| Canadian Pacific Kansas City | COM | 13646K108 |  | 8357257 | 112193 | SH |  | SOLE | NONE | 112193 | 0 | 0 |
| Capital One Financial | COM | 14040H105 |  | 3414885 | 16064 | SH |  | SOLE | NONE | 16064 | 0 | 0 |
| Carnival Corp | COM | 143658300 |  | 766491 | 26513 | SH |  | SOLE | NONE | 26513 | 0 | 0 |
| Carrier Global | COM | 14448C104 |  | 2726380 | 45668 | SH |  | SOLE | NONE | 45668 | 0 | 0 |
| Charles Schwab Corp | COM | 808513105 |  | 349420 | 3660 | SH |  | SOLE | NONE | 3660 | 0 | 0 |
| Charter Communication | COM | 16119P108 |  | 742784 | 2700 | SH |  | SOLE | NONE | 2700 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 22040776 | 141933 | SH |  | SOLE | NONE | 141933 | 0 | 0 |
| Chubb Ltd | COM | H1467J104 |  | 2574120 | 9120 | SH |  | SOLE | NONE | 9120 | 0 | 0 |
| Cigna Group | COM | 125523100 |  | 1902450 | 6600 | SH |  | SOLE | NONE | 6600 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 |  | 8640078 | 126280 | SH |  | SOLE | NONE | 126280 | 0 | 0 |
| Citigroup Inc | COM | 172967101 |  | 1197700 | 11800 | SH |  | SOLE | NONE | 11800 | 0 | 0 |
| Coca-Cola Co | COM | 191216100 |  | 3448640 | 52000 | SH |  | SOLE | NONE | 52000 | 0 | 0 |
| Colgate-Palmolive | COM | 194162103 |  | 13441831 | 168149 | SH |  | SOLE | NONE | 168149 | 0 | 0 |
| Comcast Corp Cl A | COM | 20030N101 |  | 18009567 | 573188 | SH |  | SOLE | NONE | 573188 | 0 | 0 |
| Conagra Brands Inc | COM | 205887102 |  | 227044 | 12400 | SH |  | SOLE | NONE | 12400 | 0 | 0 |
| ConocoPhilips | COM | 20825C104 |  | 2695815 | 28500 | SH |  | SOLE | NONE | 28500 | 0 | 0 |
| Consolidated Edison | COM | 209115104 |  | 693588 | 6900 | SH |  | SOLE | NONE | 6900 | 0 | 0 |
| Corning Inc | COM | 219350105 |  | 1815324 | 22130 | SH |  | SOLE | NONE | 22130 | 0 | 0 |
| Corteva Inc | COM | 22052L104 |  | 972384 | 14378 | SH |  | SOLE | NONE | 14378 | 0 | 0 |
| Costco Wholesale | COM | 22160k105 |  | 5924032 | 6400 | SH |  | SOLE | NONE | 6400 | 0 | 0 |
| Crown Castle Inc | COM | 228227104 |  | 2320681 | 24051 | SH |  | SOLE | NONE | 24051 | 0 | 0 |
| CSX Corp | COM | 126408103 |  | 1438155 | 40500 | SH |  | SOLE | NONE | 40500 | 0 | 0 |
| CVS Health Corp | COM | 126650100 |  | 882063 | 11700 | SH |  | SOLE | NONE | 11700 | 0 | 0 |
| Danaher Corp | COM | 235851102 |  | 1903296 | 9600 | SH |  | SOLE | NONE | 9600 | 0 | 0 |
| Deere and Co | COM | 244199105 |  | 2743560 | 6000 | SH |  | SOLE | NONE | 6000 | 0 | 0 |
| Dominion Energy | COM | 25746U109 |  | 1143879 | 18700 | SH |  | SOLE | NONE | 18700 | 0 | 0 |
| Dow Inc | COM | 260557103 |  | 329688 | 14378 | SH |  | SOLE | NONE | 14378 | 0 | 0 |
| Duke Energy Corp | COM | 264399106 |  | 2004750 | 16200 | SH |  | SOLE | NONE | 16200 | 0 | 0 |
| DuPont de Nemours | COM | 26614N102 |  | 1120046 | 14378 | SH |  | SOLE | NONE | 14378 | 0 | 0 |
| Eaton Vance Tax Mngd | COM | 27829C105 |  | 1320938 | 145960 | SH |  | SOLE | NONE | 145960 | 0 | 0 |
| eBay Inc | COM | 278642103 |  | 836740 | 9200 | SH |  | SOLE | NONE | 9200 | 0 | 0 |
| Ecolab Inc | COM | 278865100 |  | 1074901 | 3925 | SH |  | SOLE | NONE | 3925 | 0 | 0 |
| Electronic Arts | COM | 285512109 |  | 1798761 | 8918 | SH |  | SOLE | NONE | 8918 | 0 | 0 |
| Eli Lilly | COM | 532457108 |  | 99360149 | 130223 | SH |  | SOLE | NONE | 130223 | 0 | 0 |
| Emerson Electric | COM | 291011104 |  | 2387476 | 18200 | SH |  | SOLE | NONE | 18200 | 0 | 0 |
| EOG Resources Inc | COM | 26875P101 |  | 1300592 | 11600 | SH |  | SOLE | NONE | 11600 | 0 | 0 |
| Equinix Inc | COM | 29444U700 |  | 1566480 | 2000 | SH |  | SOLE | NONE | 2000 | 0 | 0 |
| Exelon Corp | COM | 30161N101 |  | 369082 | 8200 | SH |  | SOLE | NONE | 8200 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 11207350 | 99400 | SH |  | SOLE | NONE | 99400 | 0 | 0 |
| FedEx Corp | COM | 31428X106 |  | 7415281 | 31446 | SH |  | SOLE | NONE | 31446 | 0 | 0 |
| Fortrea Hldgs Inc | COM | 34965K107 |  | 128582 | 15271 | SH |  | SOLE | NONE | 15271 | 0 | 0 |
| Fox Corp | COM | 35137L105 |  | 860012 | 13638 | SH |  | SOLE | NONE | 13638 | 0 | 0 |
| Freeport-McMoRan | COM | 35671D857 |  | 9341263 | 238176 | SH |  | SOLE | NONE | 238176 | 0 | 0 |
| GE Aerospace | COM | 369604301 |  | 9803423 | 32589 | SH |  | SOLE | NONE | 32589 | 0 | 0 |
| GE Healthcare Technologies | COM | 36266G107 |  | 815511 | 10859 | SH |  | SOLE | NONE | 10859 | 0 | 0 |
| GE Vernova Inc | COM | 36828A101 |  | 5007131 | 8143 | SH |  | SOLE | NONE | 8143 | 0 | 0 |
| Gen Digital Inc | COM | 668771108 |  | 2799254 | 98600 | SH |  | SOLE | NONE | 98600 | 0 | 0 |
| General Dynamics | COM | 369550108 |  | 1705000 | 5000 | SH |  | SOLE | NONE | 5000 | 0 | 0 |
| General Motors | COM | 37045V100 |  | 1524250 | 25000 | SH |  | SOLE | NONE | 25000 | 0 | 0 |
| Gilead Sciences Inc | COM | 375558103 |  | 2297700 | 20700 | SH |  | SOLE | NONE | 20700 | 0 | 0 |
| Globe Life Inc | COM | 37959E102 |  | 9019834 | 63089 | SH |  | SOLE | NONE | 63089 | 0 | 0 |
| Goldman Sachs Group | COM | 38141G104 |  | 2866860 | 3600 | SH |  | SOLE | NONE | 3600 | 0 | 0 |
| Graham Holdings Co | COM | 384637104 |  | 2696040 | 2290 | SH |  | SOLE | NONE | 2290 | 0 | 0 |
| GSK PLC ADR | COM | 37733W204 |  | 3426818 | 79398 | SH |  | SOLE | NONE | 79398 | 0 | 0 |
| Haleon PLC ADS | COM | 405552100 |  | 732069 | 81613 | SH |  | SOLE | NONE | 81613 | 0 | 0 |
| Halliburton Co | COM | 406216101 |  | 209100 | 8500 | SH |  | SOLE | NONE | 8500 | 0 | 0 |
| Hartford Insurance Group Inc | COM | 416515104 |  | 14423861 | 108133 | SH |  | SOLE | NONE | 108133 | 0 | 0 |
| Hewlett Packard Enter | COM | 42824C109 |  | 643472 | 26200 | SH |  | SOLE | NONE | 26200 | 0 | 0 |
| Home Depot Inc | COM | 437076102 |  | 6483040 | 16000 | SH |  | SOLE | NONE | 16000 | 0 | 0 |
| Honeywell Intl | COM | 438516106 |  | 8552826 | 40631 | SH |  | SOLE | NONE | 40631 | 0 | 0 |
| HP Inc | COM | 40434L105 |  | 713426 | 26200 | SH |  | SOLE | NONE | 26200 | 0 | 0 |
| Illinois Tool Works | COM | 452308109 |  | 14237757 | 54601 | SH |  | SOLE | NONE | 54601 | 0 | 0 |
| Illumina Inc | COM | 452327109 |  | 284910 | 3000 | SH |  | SOLE | NONE | 3000 | 0 | 0 |
| Ingredion Inc | COM | 457187102 |  | 769537 | 6302 | SH |  | SOLE | NONE | 6302 | 0 | 0 |
| Intel Corp | COM | 458140100 |  | 3871670 | 115400 | SH |  | SOLE | NONE | 115400 | 0 | 0 |
| Intercontinental Exch | COM | 45866F104 |  | 1853280 | 11000 | SH |  | SOLE | NONE | 11000 | 0 | 0 |
| InterDigital Inc | COM | 45867G101 |  | 732578 | 2122 | SH |  | SOLE | NONE | 2122 | 0 | 0 |
| International Paper | COM | 460146103 |  | 417600 | 9000 | SH |  | SOLE | NONE | 9000 | 0 | 0 |
| Intl Bus Machines | COM | 459200101 |  | 8794081 | 31167 | SH |  | SOLE | NONE | 31167 | 0 | 0 |
| Intuitive Surgical | COM | 46120E602 |  | 3783566 | 8460 | SH |  | SOLE | NONE | 8460 | 0 | 0 |
| Invesco QQQ Trust | COM | 46090E103 |  | 193244094 | 321875 | SH |  | SOLE | NONE | 321875 | 0 | 0 |
| iShares Core SP SC | COM | 464287804 |  | 285192 | 2400 | SH |  | SOLE | NONE | 2400 | 0 | 0 |
| iShares MSCI EAFE | COM | 464287465 |  | 401491 | 4300 | SH |  | SOLE | NONE | 4300 | 0 | 0 |
| iShares MSCI Japan | COM | 464286848 |  | 842205 | 10500 | SH |  | SOLE | NONE | 10500 | 0 | 0 |
| iShares Russell 2000G | COM | 464287648 |  | 168354482 | 526042 | SH |  | SOLE | NONE | 526042 | 0 | 0 |
| Janus Henderson Grp | COM | G4474Y214 |  | 223841 | 5029 | SH |  | SOLE | NONE | 5029 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 23798657 | 128350 | SH |  | SOLE | NONE | 128350 | 0 | 0 |
| JPMorgan Chase | COM | 46625H100 |  | 22931761 | 72700 | SH |  | SOLE | NONE | 72700 | 0 | 0 |
| Kenvue Inc | COM | 49177J102 |  | 463188 | 28539 | SH |  | SOLE | NONE | 28539 | 0 | 0 |
| Kimberly-Clark Corp | COM | 494368103 |  | 870380 | 7000 | SH |  | SOLE | NONE | 7000 | 0 | 0 |
| Labcorp Holdingings | COM | 504922105 |  | 7093253 | 24710 | SH |  | SOLE | NONE | 24710 | 0 | 0 |
| Lam Research Corp | COM | 512807108 |  | 2008500 | 15000 | SH |  | SOLE | NONE | 15000 | 0 | 0 |
| Lamb Weston Hldgs | COM | 513272104 |  | 240045 | 4133 | SH |  | SOLE | NONE | 4133 | 0 | 0 |
| Linde PLC | COM | G5494J103 |  | 3800000 | 8000 | SH |  | SOLE | NONE | 8000 | 0 | 0 |
| Lockheed Martin | COM | 539830109 |  | 1647393 | 3300 | SH |  | SOLE | NONE | 3300 | 0 | 0 |
| Lowes Cos Inc | COM | 548661107 |  | 3003155 | 11950 | SH |  | SOLE | NONE | 11950 | 0 | 0 |
| Marsh  McLennan | COM | 571748102 |  | 2015300 | 10000 | SH |  | SOLE | NONE | 10000 | 0 | 0 |
| Mastercard Inc | COM | 57636Q104 |  | 9556008 | 16800 | SH |  | SOLE | NONE | 16800 | 0 | 0 |
| McDonalds Corp | COM | 580135101 |  | 2735010 | 9000 | SH |  | SOLE | NONE | 9000 | 0 | 0 |
| Medtronic PLC | COM | 585055106 |  | 5761734 | 60497 | SH |  | SOLE | NONE | 60497 | 0 | 0 |
| Merck  Co | COM | 589331107 |  | 10423602 | 124194 | SH |  | SOLE | NONE | 124194 | 0 | 0 |
| Meta Platforms Inc | COM | 30303M102 |  | 58381741 | 79498 | SH |  | SOLE | NONE | 79498 | 0 | 0 |
| Metlife Inc | COM | 59156R108 |  | 2779576 | 33745 | SH |  | SOLE | NONE | 33745 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 147874725 | 285500 | SH |  | SOLE | NONE | 285500 | 0 | 0 |
| Mondelez Intl Inc | COM | 609207105 |  | 1942630 | 31097 | SH |  | SOLE | NONE | 31097 | 0 | 0 |
| Morgan Stanley | COM | 617446448 |  | 3465328 | 21800 | SH |  | SOLE | NONE | 21800 | 0 | 0 |
| Netflix Inc | COM | 64110L106 |  | 5994600 | 5000 | SH |  | SOLE | NONE | 5000 | 0 | 0 |
| News Corp | COM | 65249B109 |  | 418884 | 13640 | SH |  | SOLE | NONE | 13640 | 0 | 0 |
| Nextera Energy Inc | COM | 65339F101 |  | 4484106 | 59400 | SH |  | SOLE | NONE | 59400 | 0 | 0 |
| NIKE Inc Cl B | COM | 654106103 |  | 1380654 | 19800 | SH |  | SOLE | NONE | 19800 | 0 | 0 |
| Norfolk Southern Corp | COM | 655844108 |  | 10664555 | 35500 | SH |  | SOLE | NONE | 35500 | 0 | 0 |
| Nvidia Corp | COM | 67066G104 |  | 86582449 | 464050 | SH |  | SOLE | NONE | 464050 | 0 | 0 |
| Oracle Corp | COM | 68389X105 |  | 20446148 | 72700 | SH |  | SOLE | NONE | 72700 | 0 | 0 |
| Otis Worldwide Corp | COM | 68902V107 |  | 2148605 | 23500 | SH |  | SOLE | NONE | 23500 | 0 | 0 |
| Palo Alto Networks | COM | 697435105 |  | 10873308 | 53400 | SH |  | SOLE | NONE | 53400 | 0 | 0 |
| PayPal Holdings | COM | 70450Y103 |  | 4607626 | 68709 | SH |  | SOLE | NONE | 68709 | 0 | 0 |
| PepsiCo Inc | COM | 713448108 |  | 41721915 | 297080 | SH |  | SOLE | NONE | 297080 | 0 | 0 |
| Pfizer Inc | COM | 717081103 |  | 4306477 | 169014 | SH |  | SOLE | NONE | 169014 | 0 | 0 |
| Philip Morris Intl | COM | 718172109 |  | 7084734 | 43679 | SH |  | SOLE | NONE | 43679 | 0 | 0 |
| PNC Financial Service | COM | 693475105 |  | 1667719 | 8300 | SH |  | SOLE | NONE | 8300 | 0 | 0 |
| PPG Industries Inc | COM | 693506107 |  | 506105 | 4815 | SH |  | SOLE | NONE | 4815 | 0 | 0 |
| Procter  Gamble | COM | 742718109 |  | 26824217 | 174580 | SH |  | SOLE | NONE | 174580 | 0 | 0 |
| Prologis Inc | COM | 74340W103 |  | 2044526 | 17853 | SH |  | SOLE | NONE | 17853 | 0 | 0 |
| PTC Inc | COM | 69370C100 |  | 1992641 | 9815 | SH |  | SOLE | NONE | 9815 | 0 | 0 |
| Qualcomm Inc | COM | 747525103 |  | 6554584 | 39400 | SH |  | SOLE | NONE | 39400 | 0 | 0 |
| ResMed Inc | COM | 761152107 |  | 1615007 | 5900 | SH |  | SOLE | NONE | 5900 | 0 | 0 |
| Royal Caribbean Cru | COM | V7780T103 |  | 970740 | 3000 | SH |  | SOLE | NONE | 3000 | 0 | 0 |
| RTX Corp | COM | 75513E101 |  | 25857003 | 154527 | SH |  | SOLE | NONE | 154527 | 0 | 0 |
| SP MidCap 400 | COM | 78467Y107 |  | 476824 | 800 | SH |  | SOLE | NONE | 800 | 0 | 0 |
| Salesforce Inc | COM | 79466L302 |  | 6403740 | 27020 | SH |  | SOLE | NONE | 27020 | 0 | 0 |
| SAP AG ADR | COM | 803054204 |  | 8064131 | 30179 | SH |  | SOLE | NONE | 30179 | 0 | 0 |
| Schlumberger | COM | 806857108 |  | 378070 | 11000 | SH |  | SOLE | NONE | 11000 | 0 | 0 |
| Sealed Air Corp | COM | 81211K100 |  | 1090053 | 30836 | SH |  | SOLE | NONE | 30836 | 0 | 0 |
| Sempra Energy | COM | 816851109 |  | 863808 | 9600 | SH |  | SOLE | NONE | 9600 | 0 | 0 |
| ServiceNow Inc | COM | 81762P102 |  | 1840560 | 2000 | SH |  | SOLE | NONE | 2000 | 0 | 0 |
| Shell PLC ADR | COM | 780259305 |  | 11237220 | 157098 | SH |  | SOLE | NONE | 157098 | 0 | 0 |
| Sherwin-Williams Co | COM | 824348106 |  | 1314057 | 3795 | SH |  | SOLE | NONE | 3795 | 0 | 0 |
| Siemens AG ADR | COM | 826197501 |  | 3861286 | 28600 | SH |  | SOLE | NONE | 28600 | 0 | 0 |
| Silicon Laboratories | COM | 826919102 |  | 571596 | 4359 | SH |  | SOLE | NONE | 4359 | 0 | 0 |
| Simon Property Group | COM | 828806109 |  | 581777 | 3100 | SH |  | SOLE | NONE | 3100 | 0 | 0 |
| Solventum Corp | COM | 83444M101 |  | 452162 | 6194 | SH |  | SOLE | NONE | 6194 | 0 | 0 |
| Southern Co | COM | 842587107 |  | 2065986 | 21800 | SH |  | SOLE | NONE | 21800 | 0 | 0 |
| Standard  Poors DR | COM | 78462F103 |  | 757488629 | 1137063 | SH |  | SOLE | NONE | 1137063 | 0 | 0 |
| Starbucks | COM | 855244109 |  | 1522800 | 18000 | SH |  | SOLE | NONE | 18000 | 0 | 0 |
| Stryker Corp | COM | 863667101 |  | 2365888 | 6400 | SH |  | SOLE | NONE | 6400 | 0 | 0 |
| Synchrony Financial | COM | 87165B103 |  | 1586902 | 22335 | SH |  | SOLE | NONE | 22335 | 0 | 0 |
| Target Corp | COM | 87612E106 |  | 2114408 | 23572 | SH |  | SOLE | NONE | 23572 | 0 | 0 |
| TE Connectivity PLC | COM | G87052109 |  | 6893242 | 31400 | SH |  | SOLE | NONE | 31400 | 0 | 0 |
| Tesla Inc | COM | 88160R101 |  | 20699492 | 46545 | SH |  | SOLE | NONE | 46545 | 0 | 0 |
| Texas Instruments | COM | 882508104 |  | 4023687 | 21900 | SH |  | SOLE | NONE | 21900 | 0 | 0 |
| Thermo Fisher Scien | COM | 883556102 |  | 9501542 | 19590 | SH |  | SOLE | NONE | 19590 | 0 | 0 |
| TJX Companies Inc | COM | 872540109 |  | 3411144 | 23600 | SH |  | SOLE | NONE | 23600 | 0 | 0 |
| US Bancorp | COM | 902973304 |  | 1802709 | 37300 | SH |  | SOLE | NONE | 37300 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 |  | 29296407 | 123943 | SH |  | SOLE | NONE | 123943 | 0 | 0 |
| United Parcel Service | COM | 911312106 |  | 2233676 | 26741 | SH |  | SOLE | NONE | 26741 | 0 | 0 |
| UnitedHealth Group | COM | 91324P102 |  | 5956425 | 17250 | SH |  | SOLE | NONE | 17250 | 0 | 0 |
| Vanguard Emg Mkts ETF | COM | 922042858 |  | 2347565 | 43329 | SH |  | SOLE | NONE | 43329 | 0 | 0 |
| Vanguard Growth ETF | COM | 922908736 |  | 7066094 | 14733 | SH |  | SOLE | NONE | 14733 | 0 | 0 |
| Vanguard Mid-Cap Growth ETF | COM | 922908538 |  | 3985261 | 13565 | SH |  | SOLE | NONE | 13565 | 0 | 0 |
| Vanguard Small-Cap Growth ETF | COM | 922908595 |  | 199530400 | 670420 | SH |  | SOLE | NONE | 670420 | 0 | 0 |
| Veralto Corp | COM | 92338C103 |  | 341152 | 3200 | SH |  | SOLE | NONE | 3200 | 0 | 0 |
| Verizon | COM | 92343V104 |  | 3983672 | 90641 | SH |  | SOLE | NONE | 90641 | 0 | 0 |
| Vertex Pharma | COM | 92532F100 |  | 2349840 | 6000 | SH |  | SOLE | NONE | 6000 | 0 | 0 |
| Viatris Inc | COM | 92556V106 |  | 181705 | 18354 | SH |  | SOLE | NONE | 18354 | 0 | 0 |
| Visa Inc | COM | 92826C839 |  | 12289680 | 36000 | SH |  | SOLE | NONE | 36000 | 0 | 0 |
| Vulcan Materials Co | COM | 929160109 |  | 6696272 | 21768 | SH |  | SOLE | NONE | 21768 | 0 | 0 |
| Walmart Inc | COM | 931142103 |  | 5256060 | 51000 | SH |  | SOLE | NONE | 51000 | 0 | 0 |
| Walt Disney Co | COM | 254687106 |  | 63327088 | 553075 | SH |  | SOLE | NONE | 553075 | 0 | 0 |
| Warner Bros Discovery Inc | COM | 934423104 |  | 659255 | 33756 | SH |  | SOLE | NONE | 33756 | 0 | 0 |
| Waste Management Inc | COM | 94106L109 |  | 2053719 | 9300 | SH |  | SOLE | NONE | 9300 | 0 | 0 |
| Wells Fargo  Co | COM | 949746101 |  | 7619238 | 90900 | SH |  | SOLE | NONE | 90900 | 0 | 0 |
| Weyerhaeuser Co | COM | 962166104 |  | 1024199 | 41315 | SH |  | SOLE | NONE | 41315 | 0 | 0 |
| Wisdom Tree India | COM | 97717W422 |  | 2369120 | 53600 | SH |  | SOLE | NONE | 53600 | 0 | 0 |
| Xcel Energy Inc | COM | 98389B100 |  | 653265 | 8100 | SH |  | SOLE | NONE | 8100 | 0 | 0 |
| Yum China Hldgs | COM | 98850P109 |  | 3922845 | 91399 | SH |  | SOLE | NONE | 91399 | 0 | 0 |
| Yum! Brands Inc | COM | 988498101 |  | 22020240 | 144870 | SH |  | SOLE | NONE | 144870 | 0 | 0 |
| Zoetis Inc CL A | COM | 98978V103 |  | 648198 | 4430 | SH |  | SOLE | NONE | 4430 | 0 | 0 |

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