# EDGAR Filing Document

**Accession Number:** 0001562855
**File Stem:** 0001398344-23-002963
**Filing Date:** 2023-2
**Character Count:** 21223
**Document Hash:** f9384e448428161f7795ef0c3489fd2e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-002963.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001398344-23-002963

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Clarkston Capital Partners, LLC
- **CENTRAL INDEX KEY:** 0001562855
- **IRS NUMBER:** 830473650
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15091
- **FILM NUMBER:** 23618091

**BUSINESS ADDRESS:**
- **STREET 1:** 91 WEST LONG LAKE ROAD
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304
- **BUSINESS PHONE:** 248-723-8000

**MAIL ADDRESS:**
- **STREET 1:** 91 WEST LONG LAKE ROAD
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Clarkston Capital Partners LLC
- **DATE OF NAME CHANGE:** 20121126

### 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:** Clarkston Capital Partners LLC<br>**Address:** 91 WEST LONG LAKE ROAD<br>BLOOMFIELD HILLS, MI 48304

**Form 13F File Number:** 028-15091

**CRD Number (if applicable):** 000143456

**SEC File Number (if applicable):** 801-67681

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:** Melanie Mayo West<br>**Title:** Chief Compliance Officer<br>**Phone:** 248-723-8000

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

/s/ Melanie Mayo West Esq.  Bloomfield Hills, MI  02-10-2023<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:** 174

**Form 13F Information Table Value Total:** $5297124577

      (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 |  | 11655227 | 97192 | SH |  | SOLE |  | 95917 | 0 | 1275 |
| ABBOTT LABS | COM | 002824100 |  | 726261 | 6615 | SH |  | SOLE |  | 6565 | 0 | 50 |
| ABBVIE INC | COM | 00287Y109 |  | 589877 | 3650 | SH |  | SOLE |  | 3600 | 0 | 50 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1494875 | 5602 | SH |  | SOLE |  | 5602 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 354422638 | 2237093 | SH |  | SOLE |  | 2045865 | 0 | 191228 |
| AGREE RLTY CORP | COM | 008492100 |  | 333371 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 13238735 | 150048 | SH |  | SOLE |  | 148928 | 0 | 1120 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 816316 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| ALTICE USA INC | CL A | 02156K103 |  | 162160810 | 35252350 | SH |  | SOLE |  | 32133475 | 0 | 3118875 |
| AMAZON COM INC | COM | 023135106 |  | 1281000 | 15250 | SH |  | SOLE |  | 15250 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 36390235 | 246294 | SH |  | SOLE |  | 244199 | 0 | 2095 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 1524200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 68231574 | 1136435 | SH |  | SOLE |  | 1130645 | 0 | 5790 |
| APPLE INC | COM | 037833100 |  | 22275955 | 171446 | SH |  | SOLE |  | 171446 | 0 | 0 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 100510948 | 3384207 | SH |  | SOLE |  | 3302132 | 0 | 82075 |
| ATI PHYSICAL THERAPY INC | COM CL A | 00216w109 |  | 134819 | 442031 | SH |  | SOLE |  | 442031 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 835532 | 3498 | SH |  | SOLE |  | 3498 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 1075172 | 9400 | SH |  | SOLE |  | 9400 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1697786 | 51262 | SH |  | SOLE |  | 51262 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 943998 | 3056 | SH |  | SOLE |  | 3056 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 5588362 | 75325 | SH |  | SOLE |  | 75325 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 300755 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2949950 | 41000 | SH |  | SOLE |  | 41000 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 523107 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 207083386 | 3634955 | SH |  | SOLE |  | 3261730 | 0 | 373225 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 178318202 | 1947555 | SH |  | SOLE |  | 1787030 | 0 | 160525 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 25132613 | 270359 | SH |  | SOLE |  | 267699 | 0 | 2660 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2050494 | 11424 | SH |  | SOLE |  | 11424 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 4138245 | 86865 | SH |  | SOLE |  | 86865 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | g21810109 |  | 404204347 | 48465749 | SH |  | SOLE |  | 44036834 | 0 | 4428915 |
| COCA COLA CO | COM | 191216100 |  | 1790240 | 28144 | SH |  | SOLE |  | 28144 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 14240485 | 407220 | SH |  | SOLE |  | 402945 | 0 | 4275 |
| COMERICA INC | COM | 200340107 |  | 314195 | 4700 | SH |  | SOLE |  | 4400 | 0 | 300 |
| CONIFER HLDGS INC | COM | 20731J102 |  | 20253 | 12900 | SH |  | SOLE |  | 12900 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2716245 | 5950 | SH |  | SOLE |  | 5950 | 0 | 0 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 1897600 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 501109 | 5377 | SH |  | SOLE |  | 5352 | 0 | 25 |
| DANAHER CORPORATION | COM | 235851102 |  | 479083 | 1805 | SH |  | SOLE |  | 1805 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 519255 | 6954 | SH |  | SOLE |  | 6954 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 257256 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 452960 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 17842307 | 100130 | SH |  | SOLE |  | 99225 | 0 | 905 |
| DISNEY WALT CO | COM | 254687106 |  | 18419748 | 212014 | SH |  | SOLE |  | 209814 | 0 | 2200 |
| DRAFTKINGS INC NEW | COM CL A | 26142v105 |  | 442331 | 38835 | SH |  | SOLE |  | 38835 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 629496 | 5356 | SH |  | SOLE |  | 5356 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2102335 | 20413 | SH |  | SOLE |  | 20413 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 546485 | 5689 | SH |  | SOLE |  | 5689 | 0 | 0 |
| ENERGIZER HLDGS INC NEW | COM | 29272w109 |  | 135427494 | 4036587 | SH |  | SOLE |  | 3940813 | 0 | 95774 |
| ENERPAC TOOL GROUP CORP | CL A COM | 292765104 |  | 127396261 | 5005747 | SH |  | SOLE |  | 4899522 | 0 | 106225 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 5004900 | 207500 | SH |  | SOLE |  | 207500 | 0 | 0 |
| ETF MANAGERS TR | PRIME CYBR SCRTY | 26924G201 |  | 567366 | 12880 | SH |  | SOLE |  | 0 | 0 | 12880 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 2096000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3202891 | 29038 | SH |  | SOLE |  | 29038 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 1227089 | 2050 | SH |  | SOLE |  | 2050 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 99212432 | 572820 | SH |  | SOLE |  | 457735 | 0 | 115085 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 1426353 | 34696 | SH |  | SOLE |  | 34696 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 845036 | 72660 | SH |  | SOLE |  | 72160 | 0 | 500 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 184799268 | 7005280 | SH |  | SOLE |  | 6404115 | 0 | 601165 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 377080 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 37505936 | 447618 | SH |  | SOLE |  | 443677 | 0 | 3941 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168q104 |  | 97186710 | 3324896 | SH |  | SOLE |  | 2988896 | 0 | 336000 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 3433800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HILLENBRAND INC | COM | 431571108 |  | 218309100 | 5116220 | SH |  | SOLE |  | 5008120 | 0 | 108100 |
| HOLLY ENERGY PARTNERS L P | COM UT LTD PTN | 435763107 |  | 1268400 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2442861 | 7734 | SH |  | SOLE |  | 7734 | 0 | 0 |
| IAA INC | COM | 449253103 |  | 112154760 | 2803869 | SH |  | SOLE |  | 2475944 | 0 | 327925 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 892215 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 364338 | 13785 | SH |  | SOLE |  | 13785 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1194224 | 8476 | SH |  | SOLE |  | 8476 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 781456 | 2945 | SH |  | SOLE |  | 2945 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 13530 | 478 | SH |  | SOLE |  | 478 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432f842 |  | 434747 | 7053 | SH |  | SOLE |  | 7053 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 413683 | 6302 | SH |  | SOLE |  | 6302 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 464275 | 12250 | SH |  | SOLE |  | 12250 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 978863 | 4569 | SH |  | SOLE |  | 4569 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 514362 | 2950 | SH |  | SOLE |  | 2950 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 41301 | 193 | SH |  | SOLE |  | 193 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 48990 | 586 | SH |  | SOLE |  | 586 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2334460 | 6076 | SH |  | SOLE |  | 6076 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 204233 | 2158 | SH |  | SOLE |  | 2158 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 538205 | 2225 | SH |  | SOLE |  | 2225 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641q837 |  | 1418679 | 28300 | SH |  | SOLE |  | 28300 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641q654 |  | 450317 | 8911 | SH |  | SOLE |  | 8911 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 20336145 | 115121 | SH |  | SOLE |  | 114016 | 0 | 1105 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 260288 | 1941 | SH |  | SOLE |  | 1941 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 28361989 | 317390 | SH |  | SOLE |  | 314615 | 0 | 2775 |
| LESLIES INC | COM | 527064109 |  | 79008492 | 6470802 | SH |  | SOLE |  | 6322552 | 0 | 148250 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 457620 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 3658400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 318087886 | 1471471 | SH |  | SOLE |  | 1368996 | 0 | 102475 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 225945 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 285453 | 1725 | SH |  | SOLE |  | 1725 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 15170259 | 43626 | SH |  | SOLE |  | 43351 | 0 | 275 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 7477293 | 90207 | SH |  | SOLE |  | 89302 | 0 | 905 |
| MCDONALDS CORP | COM | 580135101 |  | 1635880 | 6208 | SH |  | SOLE |  | 6208 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 2335122 | 6225 | SH |  | SOLE |  | 6225 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 14513719 | 186745 | SH |  | SOLE |  | 184865 | 0 | 1880 |
| MERCK  CO INC | COM | 58933Y105 |  | 1181438 | 10648 | SH |  | SOLE |  | 10648 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303m102 |  | 1970568 | 16375 | SH |  | SOLE |  | 16275 | 0 | 100 |
| MICROSOFT CORP | COM | 594918104 |  | 27838666 | 116081 | SH |  | SOLE |  | 115241 | 0 | 840 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 32967900 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 346788226 | 6731138 | SH |  | SOLE |  | 6087208 | 0 | 643930 |
| MOMENTIVE GLOBAL INC | COM | 60878y108 |  | 105000 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| NETFLIX INC | COM | 64110L106 |  | 14326450 | 48584 | SH |  | SOLE |  | 48181 | 0 | 403 |
| NICOLET BANKSHARES INC | COM | 65406e102 |  | 2289414 | 28693 | SH |  | SOLE |  | 5411 | 0 | 23282 |
| NUCOR CORP | COM | 670346105 |  | 2636200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 671607 | 37353 | SH |  | SOLE |  | 37353 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 531392 | 6501 | SH |  | SOLE |  | 6501 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 645683 | 765 | SH |  | SOLE |  | 765 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 21782930 | 188499 | SH |  | SOLE |  | 186949 | 0 | 1550 |
| PEPSICO INC | COM | 713448108 |  | 31841628 | 176253 | SH |  | SOLE |  | 174813 | 0 | 1440 |
| PFIZER INC | COM | 717081103 |  | 4082619 | 79676 | SH |  | SOLE |  | 79676 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2621339 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| PIMCO MUN INCOME FD II | COM | 72200w106 |  | 452000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 418220 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 241752474 | 2678401 | SH |  | SOLE |  | 2370976 | 0 | 307425 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 17231435 | 113694 | SH |  | SOLE |  | 112869 | 0 | 825 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 994600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 219874 | 4829 | SH |  | SOLE |  | 4829 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 329820 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 239079 | 2369 | SH |  | SOLE |  | 2369 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 64780203 | 778047 | SH |  | SOLE |  | 623732 | 0 | 154315 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 142588 | 6024 | SH |  | SOLE |  | 6024 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 |  | 140350 | 4828 | SH |  | SOLE |  | 4828 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 102299 | 3176 | SH |  | SOLE |  | 3176 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 48481 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 668047 | 8844 | SH |  | SOLE |  | 8575 | 0 | 269 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 48261 | 731 | SH |  | SOLE |  | 429 | 0 | 302 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 212848 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 37703 | 728 | SH |  | SOLE |  | 728 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 423980 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| SERVISFIRST BANCSHARES INC | COM | 81768t108 |  | 8269200 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| SMILEDIRECTCLUB INC | CL A COM | 83192H106 |  | 104257 | 296016 | SH |  | SOLE |  | 133977 | 0 | 162039 |
| SOUTHERN CO | COM | 842587107 |  | 2875093 | 40262 | SH |  | SOLE |  | 40262 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463x889 |  | 1172755 | 39500 | SH |  | SOLE |  | 39500 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1545070 | 4040 | SH |  | SOLE |  | 4040 | 0 | 0 |
| SPDR SER TR | DJ REIT ETF | 78464a607 |  | 305025 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| SPDR SER TR | S DIVID ETF | 78464a763 |  | 112644 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| STERICYCLE INC | COM | 858912108 |  | 315919944 | 6332330 | SH |  | SOLE |  | 5759305 | 0 | 573025 |
| STRYKER CORPORATION | COM | 863667101 |  | 1084558 | 4436 | SH |  | SOLE |  | 4436 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 2288000 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 170700450 | 2232837 | SH |  | SOLE |  | 2116987 | 0 | 115850 |
| TARGET CORP | COM | 87612E106 |  | 380052 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 406864 | 3303 | SH |  | SOLE |  | 303 | 0 | 3000 |
| TEXAS INSTRS INC | COM | 882508104 |  | 867735 | 5252 | SH |  | SOLE |  | 5252 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 394294 | 716 | SH |  | SOLE |  | 716 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 211676 | 1129 | SH |  | SOLE |  | 1129 | 0 | 0 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 237750 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 227777 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 24880029 | 143120 | SH |  | SOLE |  | 141720 | 0 | 1400 |
| UNITED STS 12 MONTH OIL FD L | UNIT BEN INT | 91288v103 |  | 443754 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 204664 | 386 | SH |  | SOLE |  | 386 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 18313111 | 419930 | SH |  | SOLE |  | 416290 | 0 | 3640 |
| US FOODS HLDG CORP | COM | 912008109 |  | 268204903 | 7883742 | SH |  | SOLE |  | 7092061 | 0 | 791681 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1964158 | 9637 | SH |  | SOLE |  | 4043 | 0 | 5594 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 6488022 | 18466 | SH |  | SOLE |  | 11748 | 0 | 6718 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1272757 | 6934 | SH |  | SOLE |  | 2938 | 0 | 3996 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 93098 | 586 | SH |  | SOLE |  | 586 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 133833 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 135036 | 962 | SH |  | SOLE |  | 962 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1063695 | 27288 | SH |  | SOLE |  | 12146 | 0 | 15142 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 19749 | 356 | SH |  | SOLE |  | 356 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1726208 | 41130 | SH |  | SOLE |  | 17774 | 0 | 23356 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 2739554 | 20691 | SH |  | SOLE |  | 8849 | 0 | 11842 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 37208 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 262236 | 821 | SH |  | SOLE |  | 821 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 848907 | 4086 | SH |  | SOLE |  | 4086 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 390539 | 2754 | SH |  | SOLE |  | 2754 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 33917298 | 3577774 | SH |  | SOLE |  | 2377774 | 0 | 1200000 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 9347567 | 59583 | SH |  | SOLE |  | 58833 | 0 | 750 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 1550000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| WILEY JOHN  SONS INC | CL A | 968223206 |  | 110032152 | 2746684 | SH |  | SOLE |  | 2688259 | 0 | 58425 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 274374643 | 1121819 | SH |  | SOLE |  | 1015654 | 0 | 106165 |

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