# EDGAR Filing Document

**Accession Number:** 0001703556
**File Stem:** 0001172661-23-000212
**Filing Date:** 2023-1
**Character Count:** 22846
**Document Hash:** 3a2f579b208924c4dc0e0692a1054134
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000212.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001172661-23-000212

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230119

**EFFECTIVENESS DATE**: 20230119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ridgewood Investments LLC
- **CENTRAL INDEX KEY:** 0001703556
- **IRS NUMBER:** 203507122
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18012
- **FILM NUMBER:** 23537026

**BUSINESS ADDRESS:**
- **STREET 1:** 623 MORRIS AVENUE
- **CITY:** SPRINGFIELD
- **STATE:** NJ
- **ZIP:** 07081
- **BUSINESS PHONE:** 9735446970

**MAIL ADDRESS:**
- **STREET 1:** 623 MORRIS AVENUE
- **CITY:** SPRINGFIELD
- **STATE:** NJ
- **ZIP:** 07081

### 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:** Ridgewood Investments LLC<br>**Address:** 623 Morris Avenue<br>Springfield, NJ 07081

**Form 13F File Number:** 028-18012

**CRD Number (if applicable):** 000121220

**SEC File Number (if applicable):** 801-66378

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:** Kaushal Majmudar<br>**Title:** Managing Partner<br>**Phone:** 973-544-6970

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

/s/ Kaushal Majmudar  Springfield, NJ  01-19-2023<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:** 198

**Form 13F Information Table Value Total:** $140708451

      (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 |
| 22ND CENTY GROUP INC | COM | 90137F103 |  | 26695 | 29000 | SH |  | SOLE |  | 0 | 0 | 29000 |
| 3M CO | COM | 88579Y101 |  | 2016807 | 16818 | SH |  | SOLE |  | 0 | 0 | 16818 |
| ABBVIE INC | COM | 00287Y109 |  | 218797 | 1354 | SH |  | SOLE |  | 0 | 0 | 1354 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 336043 | 1259 | SH |  | SOLE |  | 0 | 0 | 1259 |
| ACME UTD CORP | COM | 004816104 |  | 529805 | 24192 | SH |  | SOLE |  | 0 | 0 | 24192 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 497591 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| AFLAC INC | COM | 001055102 |  | 1293984 | 17987 | SH |  | SOLE |  | 0 | 0 | 17987 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 402782 | 7747 | SH |  | SOLE |  | 0 | 0 | 7747 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1465151 | 16606 | SH |  | SOLE |  | 0 | 0 | 16606 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1329669 | 14986 | SH |  | SOLE |  | 0 | 0 | 14986 |
| AMAZON COM INC | COM | 023135106 |  | 685744 | 8164 | SH |  | SOLE |  | 0 | 0 | 8164 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 468969 | 3174 | SH |  | SOLE |  | 0 | 0 | 3174 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 811667 | 3831 | SH |  | SOLE |  | 0 | 0 | 3831 |
| AMGEN INC | COM | 031162100 |  | 398193 | 1516 | SH |  | SOLE |  | 0 | 0 | 1516 |
| ANALOG DEVICES INC | COM | 032654105 |  | 296593 | 1808 | SH |  | SOLE |  | 0 | 0 | 1808 |
| AON PLC | SHS CL A | G0403H108 |  | 612586 | 2041 | SH |  | SOLE |  | 0 | 0 | 2041 |
| APPLE INC | COM | 037833100 |  | 596411 | 4590 | SH |  | SOLE |  | 0 | 0 | 4590 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 242331 | 2610 | SH |  | SOLE |  | 0 | 0 | 2610 |
| AT INC | COM | 00206R102 |  | 665265 | 36136 | SH |  | SOLE |  | 0 | 0 | 36136 |
| AT INC | COM | 00206R102 |  | 184100 | 10000 | SH | Call | SOLE |  | 0 | 0 | 10000 |
| ATLASSIAN CORP PLC | CL A | 049468101 |  | 42464 | 330 | SH |  | SOLE |  | 0 | 0 | 330 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 762986 | 19963 | SH |  | SOLE |  | 0 | 0 | 19963 |
| B. RILEY FINANCIAL INC | COM | 05580M108 |  | 337004 | 9854 | SH |  | SOLE |  | 0 | 0 | 9854 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 375040 | 7657 | SH |  | SOLE |  | 0 | 0 | 7657 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 710044 | 17725 | SH |  | SOLE |  | 0 | 0 | 17725 |
| BARRICK GOLD CORP | COM | 067901108 |  | 432268 | 25161 | SH |  | SOLE |  | 0 | 0 | 25161 |
| BARRICK GOLD CORP | COM | 067901108 |  | 128850 | 7500 | SH | Call | SOLE |  | 0 | 0 | 7500 |
| BAXTER INTL INC | COM | 071813109 |  | 495039 | 9712 | SH |  | SOLE |  | 0 | 0 | 9712 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 681863 | 2681 | SH |  | SOLE |  | 0 | 0 | 2681 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 16252079 | 52613 | SH |  | SOLE |  | 0 | 0 | 52613 |
| BEST BUY INC | COM | 086516101 |  | 581276 | 7247 | SH |  | SOLE |  | 0 | 0 | 7247 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 432657 | 6973 | SH |  | SOLE |  | 0 | 0 | 6973 |
| BIOMERICA INC | COM NEW | 09061H307 |  | 201000 | 60000 | SH |  | SOLE |  | 0 | 0 | 60000 |
| BOEING CO | COM | 097023105 |  | 686177 | 3602 | SH |  | SOLE |  | 0 | 0 | 3602 |
| BP PLC | SPONSORED ADR | 055622104 |  | 327936 | 9388 | SH |  | SOLE |  | 0 | 0 | 9388 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 677529 | 9417 | SH |  | SOLE |  | 0 | 0 | 9417 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 42098 | 1053 | SH |  | SOLE |  | 0 | 0 | 1053 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 439780 | 11000 | SH | Call | SOLE |  | 0 | 0 | 11000 |
| CANAAN INC | SPONSORED ADS | 134748102 |  | 40170 | 19500 | SH |  | SOLE |  | 0 | 0 | 19500 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 846543 | 11013 | SH |  | SOLE |  | 0 | 0 | 11013 |
| CARTERS INC | COM | 146229109 |  | 282475 | 3786 | SH |  | SOLE |  | 0 | 0 | 3786 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 201546 | 1606 | SH |  | SOLE |  | 0 | 0 | 1606 |
| CISCO SYS INC | COM | 17275R102 |  | 722051 | 15156 | SH |  | SOLE |  | 0 | 0 | 15156 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1413229 | 31245 | SH |  | SOLE |  | 0 | 0 | 31245 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 422031 | 10720 | SH |  | SOLE |  | 0 | 0 | 10720 |
| CLOROX CO DEL | COM | 189054109 |  | 332190 | 2367 | SH |  | SOLE |  | 0 | 0 | 2367 |
| CME GROUP INC | COM | 12572Q105 |  | 338965 | 2016 | SH |  | SOLE |  | 0 | 0 | 2016 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 942141 | 26941 | SH |  | SOLE |  | 0 | 0 | 26941 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 174850 | 5000 | SH | Call | SOLE |  | 0 | 0 | 5000 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 667817 | 17256 | SH |  | SOLE |  | 0 | 0 | 17256 |
| CORE LABORATORIES N V | COM | N22717107 |  | 618205 | 30499 | SH |  | SOLE |  | 0 | 0 | 30499 |
| COTERRA ENERGY INC | COM | 127097103 |  | 1256903 | 51156 | SH |  | SOLE |  | 0 | 0 | 51156 |
| COTERRA ENERGY INC | COM | 127097103 |  | 122850 | 5000 | SH | Call | SOLE |  | 0 | 0 | 5000 |
| CSX CORP | COM | 126408103 |  | 227726 | 7351 | SH |  | SOLE |  | 0 | 0 | 7351 |
| DEERE  CO | COM | 244199105 |  | 1292711 | 3015 | SH |  | SOLE |  | 0 | 0 | 3015 |
| DISNEY WALT CO | COM | 254687106 |  | 432468 | 4978 | SH |  | SOLE |  | 0 | 0 | 4978 |
| DOCUSIGN INC | COM | 256163106 |  | 231101 | 4170 | SH |  | SOLE |  | 0 | 0 | 4170 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 719187 | 11728 | SH |  | SOLE |  | 0 | 0 | 11728 |
| EBAY INC. | COM | 278642103 |  | 744389 | 17950 | SH |  | SOLE |  | 0 | 0 | 17950 |
| EMERGENT BIOSOLUTIONS INC | COM | 29089Q105 |  | 118147 | 10004 | SH |  | SOLE |  | 0 | 0 | 10004 |
| EMERSON ELEC CO | COM | 291011104 |  | 397914 | 4142 | SH |  | SOLE |  | 0 | 0 | 4142 |
| ENERGIZER HLDGS INC NEW | COM | 29272W109 |  | 486635 | 14505 | SH |  | SOLE |  | 0 | 0 | 14505 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 218615 | 1982 | SH |  | SOLE |  | 0 | 0 | 1982 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 407500 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| FARMER BROS CO | COM | 307675108 |  | 560405 | 121563 | SH |  | SOLE |  | 0 | 0 | 121563 |
| FAT BRANDS INC | CLASS A COM | 30258N105 |  | 333561 | 68493 | SH |  | SOLE |  | 0 | 0 | 68493 |
| FEDEX CORP | COM | 31428X106 |  | 444639 | 2567 | SH |  | SOLE |  | 0 | 0 | 2567 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 |  | 556661 | 13587 | SH |  | SOLE |  | 0 | 0 | 13587 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 373972 | 11398 | SH |  | SOLE |  | 0 | 0 | 11398 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 349118 | 13234 | SH |  | SOLE |  | 0 | 0 | 13234 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1056063 | 12301 | SH |  | SOLE |  | 0 | 0 | 12301 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1274628 | 3712 | SH |  | SOLE |  | 0 | 0 | 3712 |
| GRACO INC | COM | 384109104 |  | 1128455 | 16778 | SH |  | SOLE |  | 0 | 0 | 16778 |
| GRAINGER W W INC | COM | 384802104 |  | 698906 | 1256 | SH |  | SOLE |  | 0 | 0 | 1256 |
| GRIFOLS S A | SP ADR REP B NVT | 398438408 |  | 501458 | 58995 | SH |  | SOLE |  | 0 | 0 | 58995 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 1230293 | 35011 | SH |  | SOLE |  | 0 | 0 | 35011 |
| HALEON PLC | SPON ADS | 405552100 |  | 112726 | 14091 | SH |  | SOLE |  | 0 | 0 | 14091 |
| HANESBRANDS INC | COM | 410345102 |  | 761409 | 119718 | SH |  | SOLE |  | 0 | 0 | 119718 |
| HANESBRANDS INC | COM | 410345102 |  | 79500 | 12500 | SH | Call | SOLE |  | 0 | 0 | 12500 |
| HCI GROUP INC | COM | 40416E103 |  | 431550 | 10900 | SH |  | SOLE |  | 0 | 0 | 10900 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 303953 | 6132 | SH |  | SOLE |  | 0 | 0 | 6132 |
| HENRY SCHEIN INC | COM | 806407102 |  | 2116555 | 26500 | SH |  | SOLE |  | 0 | 0 | 26500 |
| HERITAGE GLOBAL INC | COM | 42727E103 |  | 359550 | 153000 | SH |  | SOLE |  | 0 | 0 | 153000 |
| HOME DEPOT INC | COM | 437076102 |  | 960214 | 3040 | SH |  | SOLE |  | 0 | 0 | 3040 |
| HUBSPOT INC | COM | 443573100 |  | 480534 | 1662 | SH |  | SOLE |  | 0 | 0 | 1662 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 886174 | 62849 | SH |  | SOLE |  | 0 | 0 | 62849 |
| INTEL CORP | COM | 458140100 |  | 1280773 | 48459 | SH |  | SOLE |  | 0 | 0 | 48459 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1299494 | 9223 | SH |  | SOLE |  | 0 | 0 | 9223 |
| INVESCO ACTIVELY MANAGED ETF | ULTRA SHRT DUR | 46090A887 |  | 265124 | 5360 | SH |  | SOLE |  | 0 | 0 | 5360 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 2014580 | 31527 | SH |  | SOLE |  | 0 | 0 | 31527 |
| INVESCO EXCH TRADED FD TR II | S INTL LOW | 46138E230 |  | 742824 | 27738 | SH |  | SOLE |  | 0 | 0 | 27738 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1090819 | 4097 | SH |  | SOLE |  | 0 | 0 | 4097 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 341582 | 3566 | SH |  | SOLE |  | 0 | 0 | 3566 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 614171 | 5825 | SH |  | SOLE |  | 0 | 0 | 5825 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 554422 | 2292 | SH |  | SOLE |  | 0 | 0 | 2292 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 319779 | 5935 | SH |  | SOLE |  | 0 | 0 | 5935 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 295653 | 9684 | SH |  | SOLE |  | 0 | 0 | 9684 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 287238 | 4135 | SH |  | SOLE |  | 0 | 0 | 4135 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 356464 | 5783 | SH |  | SOLE |  | 0 | 0 | 5783 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 532698 | 5494 | SH |  | SOLE |  | 0 | 0 | 5494 |
| ISHARES TR | CMBS ETF | 46429B366 |  | 325411 | 7088 | SH |  | SOLE |  | 0 | 0 | 7088 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 1196669 | 16597 | SH |  | SOLE |  | 0 | 0 | 16597 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 685809 | 3882 | SH |  | SOLE |  | 0 | 0 | 3882 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 278062 | 2074 | SH |  | SOLE |  | 0 | 0 | 2074 |
| KB HOME | COM | 48666K109 |  | 396003 | 12433 | SH |  | SOLE |  | 0 | 0 | 12433 |
| KEYCORP | COM | 493267108 |  | 314272 | 18041 | SH |  | SOLE |  | 0 | 0 | 18041 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 889774 | 6555 | SH |  | SOLE |  | 0 | 0 | 6555 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 428864 | 23720 | SH |  | SOLE |  | 0 | 0 | 23720 |
| KONINKLIJKE PHILIPS N V | NY REGIS SHS NEW | 500472303 |  | 596658 | 39804 | SH |  | SOLE |  | 0 | 0 | 39804 |
| LOEWS CORP | COM | 540424108 |  | 250434 | 4293 | SH |  | SOLE |  | 0 | 0 | 4293 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 1249543 | 15049 | SH |  | SOLE |  | 0 | 0 | 15049 |
| M D C HLDGS INC | COM | 552676108 |  | 372204 | 11779 | SH |  | SOLE |  | 0 | 0 | 11779 |
| MANCHESTER UTD PLC NEW | ORD CL A | G5784H106 |  | 283134 | 12136 | SH |  | SOLE |  | 0 | 0 | 12136 |
| MARKEL CORP | COM | 570535104 |  | 2823848 | 2143 | SH |  | SOLE |  | 0 | 0 | 2143 |
| MATIV HOLDINGS INC | COM | 808541106 |  | 284491 | 13612 | SH |  | SOLE |  | 0 | 0 | 13612 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 911302 | 11725 | SH |  | SOLE |  | 0 | 0 | 11725 |
| MERCK  CO INC | COM | 58933Y105 |  | 605836 | 5460 | SH |  | SOLE |  | 0 | 0 | 5460 |
| META PLATFORMS INC | CL A | 30303M102 |  | 740953 | 6157 | SH |  | SOLE |  | 0 | 0 | 6157 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 524041 | 7460 | SH |  | SOLE |  | 0 | 0 | 7460 |
| MICROSOFT CORP | COM | 594918104 |  | 1027968 | 4286 | SH |  | SOLE |  | 0 | 0 | 4286 |
| MIDDLEBY CORP | COM | 596278101 |  | 704465 | 5261 | SH |  | SOLE |  | 0 | 0 | 5261 |
| MSC INDL DIRECT INC | CL A | 553530106 |  | 1288613 | 15772 | SH |  | SOLE |  | 0 | 0 | 15772 |
| NEWMONT CORP | COM | 651639106 |  | 642061 | 13603 | SH |  | SOLE |  | 0 | 0 | 13603 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 239580 | 1639 | SH |  | SOLE |  | 0 | 0 | 1639 |
| OLD REP INTL CORP | COM | 680223104 |  | 1403549 | 58118 | SH |  | SOLE |  | 0 | 0 | 58118 |
| ORACLE CORP | COM | 68389X105 |  | 622747 | 7619 | SH |  | SOLE |  | 0 | 0 | 7619 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 982881 | 35191 | SH |  | SOLE |  | 0 | 0 | 35191 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 345482 | 20467 | SH |  | SOLE |  | 0 | 0 | 20467 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 681553 | 9570 | SH |  | SOLE |  | 0 | 0 | 9570 |
| PEPSICO INC | COM | 713448108 |  | 267495 | 1481 | SH |  | SOLE |  | 0 | 0 | 1481 |
| PERRIGO CO PLC | SHS | G97822103 |  | 911782 | 26746 | SH |  | SOLE |  | 0 | 0 | 26746 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 491320 | 46133 | SH |  | SOLE |  | 0 | 0 | 46133 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 106500 | 10000 | SH | Call | SOLE |  | 0 | 0 | 10000 |
| PFIZER INC | COM | 717081103 |  | 216879 | 4233 | SH |  | SOLE |  | 0 | 0 | 4233 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 313038 | 3093 | SH |  | SOLE |  | 0 | 0 | 3093 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 250730 | 2542 | SH |  | SOLE |  | 0 | 0 | 2542 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 775371 | 7110 | SH |  | SOLE |  | 0 | 0 | 7110 |
| PROGRESSIVE CORP | COM | 743315103 |  | 237524 | 1831 | SH |  | SOLE |  | 0 | 0 | 1831 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1551608 | 15600 | SH |  | SOLE |  | 0 | 0 | 15600 |
| QUALCOMM INC | COM | 747525103 |  | 1611714 | 14660 | SH |  | SOLE |  | 0 | 0 | 14660 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 205650 | 1315 | SH |  | SOLE |  | 0 | 0 | 1315 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 213728 | 2118 | SH |  | SOLE |  | 0 | 0 | 2118 |
| RCI HOSPITALITY HLDGS INC | COM | 74934Q108 |  | 2325836 | 24958 | SH |  | SOLE |  | 0 | 0 | 24958 |
| RESEARCH SOLUTIONS INC | COM | 761025105 |  | 221831 | 115537 | SH |  | SOLE |  | 0 | 0 | 115537 |
| RLI CORP | COM | 749607107 |  | 222371 | 1694 | SH |  | SOLE |  | 0 | 0 | 1694 |
| RLX TECHNOLOGY INC | SPONSORED ADS | 74969N103 |  | 36800 | 16000 | SH |  | SOLE |  | 0 | 0 | 16000 |
| ROCKY MTN CHOCOLATE FACTORY | COM | 77467X101 |  | 175429 | 30777 | SH |  | SOLE |  | 0 | 0 | 30777 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 212219 | 5370 | SH |  | SOLE |  | 0 | 0 | 5370 |
| SABRE CORP | COM | 78573M104 |  | 92700 | 15000 | SH | Call | SOLE |  | 0 | 0 | 15000 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 395106 | 7629 | SH |  | SOLE |  | 0 | 0 | 7629 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 417887 | 5532 | SH |  | SOLE |  | 0 | 0 | 5532 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 402804 | 8350 | SH |  | SOLE |  | 0 | 0 | 8350 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 323983 | 6581 | SH |  | SOLE |  | 0 | 0 | 6581 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 320779 | 9959 | SH |  | SOLE |  | 0 | 0 | 9959 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 |  | 312475 | 7250 | SH |  | SOLE |  | 0 | 0 | 7250 |
| SCOTTS MIRACLE-GRO CO | CL A | 810186106 |  | 709607 | 14604 | SH |  | SOLE |  | 0 | 0 | 14604 |
| SIERRA BANCORP | COM | 82620P102 |  | 207672 | 9777 | SH |  | SOLE |  | 0 | 0 | 9777 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 |  | 1053006 | 39160 | SH |  | SOLE |  | 0 | 0 | 39160 |
| SPARK NETWORKS SE | SPONSORED ADS | 846517100 |  | 198613 | 305558 | SH |  | SOLE |  | 0 | 0 | 305558 |
| SPDR SER TR | PORTFLI TIPS ETF | 78464A656 |  | 449902 | 17465 | SH |  | SOLE |  | 0 | 0 | 17465 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 |  | 595002 | 19579 | SH |  | SOLE |  | 0 | 0 | 19579 |
| SRAX INC | CL A | 78472M106 |  | 277944 | 181663 | SH |  | SOLE |  | 0 | 0 | 181663 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 587134 | 7816 | SH |  | SOLE |  | 0 | 0 | 7816 |
| STARBUCKS CORP | COM | 855244109 |  | 515642 | 5198 | SH |  | SOLE |  | 0 | 0 | 5198 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 937218 | 12582 | SH |  | SOLE |  | 0 | 0 | 12582 |
| TAKEDA PHARMACEUTICAL CO LTD | SPONSORED ADS | 874060205 |  | 615598 | 39461 | SH |  | SOLE |  | 0 | 0 | 39461 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 409197 | 39008 | SH |  | SOLE |  | 0 | 0 | 39008 |
| THE ONE GROUP HOSPITALITY IN | COM | 88338K103 |  | 303969 | 48249 | SH |  | SOLE |  | 0 | 0 | 48249 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 899880 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 208910 | 1114 | SH |  | SOLE |  | 0 | 0 | 1114 |
| TRICO BANCSHARES | COM | 896095106 |  | 262698 | 5152 | SH |  | SOLE |  | 0 | 0 | 5152 |
| TRXADE HEALTH INC | COM NEW | 89846A207 |  | 24919 | 61896 | SH |  | SOLE |  | 0 | 0 | 61896 |
| TYSON FOODS INC | CL A | 902494103 |  | 218531 | 3511 | SH |  | SOLE |  | 0 | 0 | 3511 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 702143 | 13945 | SH |  | SOLE |  | 0 | 0 | 13945 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 889888 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| US BANCORP DEL | COM NEW | 902973304 |  | 244771 | 5613 | SH |  | SOLE |  | 0 | 0 | 5613 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 648182 | 38196 | SH |  | SOLE |  | 0 | 0 | 38196 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 169700 | 10000 | SH | Call | SOLE |  | 0 | 0 | 10000 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 906118 | 12037 | SH |  | SOLE |  | 0 | 0 | 12037 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 482213 | 6488 | SH |  | SOLE |  | 0 | 0 | 6488 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1103373 | 5771 | SH |  | SOLE |  | 0 | 0 | 5771 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 202105 | 1273 | SH |  | SOLE |  | 0 | 0 | 1273 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1764830 | 9616 | SH |  | SOLE |  | 0 | 0 | 9616 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1700161 | 8342 | SH |  | SOLE |  | 0 | 0 | 8342 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 788844 | 4388 | SH |  | SOLE |  | 0 | 0 | 4388 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2731689 | 7775 | SH |  | SOLE |  | 0 | 0 | 7775 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 2811292 | 32617 | SH |  | SOLE |  | 0 | 0 | 32617 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 459981 | 10105 | SH |  | SOLE |  | 0 | 0 | 10105 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 1780365 | 26740 | SH |  | SOLE |  | 0 | 0 | 26740 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 833440 | 11084 | SH |  | SOLE |  | 0 | 0 | 11084 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 437879 | 7573 | SH |  | SOLE |  | 0 | 0 | 7573 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 600677 | 3956 | SH |  | SOLE |  | 0 | 0 | 3956 |
| VERIS RESIDENTIAL INC | COM | 554489104 |  | 256225 | 16084 | SH |  | SOLE |  | 0 | 0 | 16084 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1260644 | 31996 | SH |  | SOLE |  | 0 | 0 | 31996 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 788000 | 20000 | SH | Call | SOLE |  | 0 | 0 | 20000 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 1130095 | 30249 | SH |  | SOLE |  | 0 | 0 | 30249 |
| WATERS CORP | COM | 941848103 |  | 207752 | 606 | SH |  | SOLE |  | 0 | 0 | 606 |
| WHITESTONE REIT | COM | 966084204 |  | 283299 | 29388 | SH |  | SOLE |  | 0 | 0 | 29388 |

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