# EDGAR Filing Document

**Accession Number:** 0001308527
**File Stem:** 0001308527-23-000002
**Filing Date:** 2023-2
**Character Count:** 25953
**Document Hash:** 807c2efb7239dd0f1a997ceefc619328
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001308527-23-000002.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001308527-23-000002

**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:** Douglass Winthrop Advisors, LLC
- **CENTRAL INDEX KEY:** 0001308527
- **IRS NUMBER:** 134085380
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11310
- **FILM NUMBER:** 23617892

**BUSINESS ADDRESS:**
- **STREET 1:** 521 FIFTH AVENUE
- **STREET 2:** 19ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10175
- **BUSINESS PHONE:** 212-557-7680

**MAIL ADDRESS:**
- **STREET 1:** 521 FIFTH AVENUE
- **STREET 2:** 19ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10175

### 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:** Douglass Winthrop Advisors LLC<br>**Address:** 521 FIFTH AVENUE<br>19ND FLOOR<br>NEW YORK, NY 10175

**Form 13F File Number:** 028-11310

**CRD Number (if applicable):** 000108680

**SEC File Number (if applicable):** 801-56993

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:** Timothy Hughes<br>**Title:** Chief Compliance Officer<br>**Phone:** 2125577680

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

Timothy Hughes  New York, NY  02-13-2023<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:** 239

**Form 13F Information Table Value Total:** $3648240

      (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 |
| 1/100 BERKSHIRE HTWY CLA 100 S | COM | 084990175 |  | 7499 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| 3M CO | COM | 88579y101 |  | 2549 | 21252 | SH |  | SOLE |  | 21252 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 4946 | 45053 | SH |  | SOLE |  | 45053 | 0 | 0 |
| ABBVIE INC | COM | 00287y109 |  | 6847 | 42369 | SH |  | SOLE |  | 42369 | 0 | 0 |
| ACCENTURE PLC | COM | G1151C101 |  | 9074 | 34005 | SH |  | SOLE |  | 34005 | 0 | 0 |
| ADOBE INC | COM | 00724f101 |  | 1881 | 5588 | SH |  | SOLE |  | 5588 | 0 | 0 |
| AES CORP | COM | 00130h105 |  | 1889 | 65696 | SH |  | SOLE |  | 65696 | 0 | 0 |
| AIR PRODUCTS AND CHEMICALS INC | COM | 009158106 |  | 801 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| AIRBUS SE UNSPON ADR EA REPR 0 | COM | 009279100 |  | 3209 | 108202 | SH |  | SOLE |  | 108202 | 0 | 0 |
| ALLEGION PUB LTD CO ORD SHS IS | COM | G0176J109 |  | 2426 | 23044 | SH |  | SOLE |  | 23044 | 0 | 0 |
| ALLSTATE CORP COM | COM | 020002101 |  | 439 | 3235 | SH |  | SOLE |  | 3235 | 0 | 0 |
| ALPHABET INC CAP STK CL A | COM | 02079K305 |  | 35506 | 402425 | SH |  | SOLE |  | 402425 | 0 | 0 |
| ALPHABET INC CAP STK CL C | COM | 02079K107 |  | 152518 | 1718900 | SH |  | SOLE |  | 1718900 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209s103 |  | 556 | 12168 | SH |  | SOLE |  | 12168 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 81285 | 967681 | SH |  | SOLE |  | 967681 | 0 | 0 |
| AMER ELECTRIC PWR CO | COM | 025537101 |  | 495 | 5218 | SH |  | SOLE |  | 5218 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 21592 | 146139 | SH |  | SOLE |  | 146139 | 0 | 0 |
| AMERICAN WATER WORKS | COM | 030420103 |  | 320 | 2102 | SH |  | SOLE |  | 2102 | 0 | 0 |
| AMERISOURCEBERGEN CORP COM | COM | 03073E105 |  | 810 | 4888 | SH |  | SOLE |  | 4888 | 0 | 0 |
| AMERN TOWER CORP REIT | COM | 03027x100 |  | 1092 | 5153 | SH |  | SOLE |  | 5153 | 0 | 0 |
| AMETEK INC NEW COM | COM | 031100100 |  | 769 | 5503 | SH |  | SOLE |  | 5503 | 0 | 0 |
| AMGEN INC COM | COM | 031162100 |  | 3893 | 14821 | SH |  | SOLE |  | 14821 | 0 | 0 |
| AON PLC SHS CL A | COM | G0403H108 |  | 104742 | 348976 | SH |  | SOLE |  | 348976 | 0 | 0 |
| APPLE INC COM STK | COM | 037833100 |  | 143297 | 1102879 | SH |  | SOLE |  | 1102879 | 0 | 0 |
| APPLIED MATERIALS | COM | 038222105 |  | 365 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| APTIV PLC SHS | COM | G6095L109 |  | 2910 | 31252 | SH |  | SOLE |  | 31252 | 0 | 0 |
| ARCHER-DANIELS-MIDLAND CO COM | COM | 039483102 |  | 1203 | 12952 | SH |  | SOLE |  | 12952 | 0 | 0 |
| ARTHUR J GALLAGHER | COM | 363576109 |  | 6323 | 33534 | SH |  | SOLE |  | 33534 | 0 | 0 |
| ASML HOLDING NV NY SHR | COM | N07059210 |  | 6473 | 11847 | SH |  | SOLE |  | 11847 | 0 | 0 |
| ATANDT INC | COM | 00206R102 |  | 455 | 24689 | SH |  | SOLE |  | 24689 | 0 | 0 |
| AUTO DATA PROCESSING | COM | 053015103 |  | 5920 | 24786 | SH |  | SOLE |  | 24786 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 6078 | 32524 | SH |  | SOLE |  | 32524 | 0 | 0 |
| BALL CORP COM | COM | 058498106 |  | 3421 | 66903 | SH |  | SOLE |  | 66903 | 0 | 0 |
| BALLARD PWR SYS INC NEW COM | COM | 058586108 |  | 53 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 236 | 7140 | SH |  | SOLE |  | 7140 | 0 | 0 |
| BANK OF NY MELLON CO | COM | 064058100 |  | 1600 | 35154 | SH |  | SOLE |  | 35154 | 0 | 0 |
| BAXTER INTERNATIONAL INC | COM | 071813109 |  | 233 | 4578 | SH |  | SOLE |  | 4578 | 0 | 0 |
| BEAVER COAL LTD LP | COM | 074799107 |  | 232 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| BECTON DICKINSON | COM | 075887109 |  | 5485 | 21569 | SH |  | SOLE |  | 21569 | 0 | 0 |
| BERKSHIRE HATHAWAY INC-CL B | COM | 084670702 |  | 283283 | 917070 | SH |  | SOLE |  | 917070 | 0 | 0 |
| BERKSHIRE HATHAWAY INC CL A | COM | 084670108 |  | 44528 | 95 | SH |  | SOLE |  | 95 | 0 | 0 |
| BK TECH CORP | COM | 05587g104 |  | 94 | 28400 | SH |  | SOLE |  | 28400 | 0 | 0 |
| BLACKROCK INC | COM | 09247x101 |  | 989 | 1395 | SH |  | SOLE |  | 1395 | 0 | 0 |
| BLACKSTONE INC | COM | 09260d107 |  | 772 | 10410 | SH |  | SOLE |  | 10410 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1256 | 6594 | SH |  | SOLE |  | 6594 | 0 | 0 |
| BP PLC SPONS ADR | COM | 055622104 |  | 812 | 23238 | SH |  | SOLE |  | 23238 | 0 | 0 |
| BRISTOL-MYERS SQUIBB | COM | 110122108 |  | 2814 | 39115 | SH |  | SOLE |  | 39115 | 0 | 0 |
| BROADCOM INC | COM | 11135f101 |  | 267 | 477 | SH |  | SOLE |  | 477 | 0 | 0 |
| BROWN-FORMAN INC CL B NON-VTG | COM | 115637209 |  | 66774 | 1016657 | SH |  | SOLE |  | 1016657 | 0 | 0 |
| BROWN FORMAN CORP CL A | COM | 115637100 |  | 896 | 13621 | SH |  | SOLE |  | 13621 | 0 | 0 |
| CABLE ONE INC COM | COM | 12685J105 |  | 1076 | 1511 | SH |  | SOLE |  | 1511 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 105557 | 887929 | SH |  | SOLE |  | 887929 | 0 | 0 |
| CARLISLE CO | COM | 142339100 |  | 471 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 212 | 3480 | SH |  | SOLE |  | 3480 | 0 | 0 |
| CARRIER GLOBAL CORP | COM | 14448c104 |  | 330 | 8011 | SH |  | SOLE |  | 8011 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2155 | 8995 | SH |  | SOLE |  | 8995 | 0 | 0 |
| CDW CORP | COM | 12514g108 |  | 680 | 3806 | SH |  | SOLE |  | 3806 | 0 | 0 |
| CENTENE CORP | COM | 15135B101 |  | 1283 | 15642 | SH |  | SOLE |  | 15642 | 0 | 0 |
| Charter Communications Inc New | COM | 16119P108 |  | 54780 | 161546 | SH |  | SOLE |  | 161546 | 0 | 0 |
| CHEVRON CORP | COM | 166764100 |  | 4075 | 22703 | SH |  | SOLE |  | 22703 | 0 | 0 |
| CHUBB LTD | COM | H1467J104 |  | 1781 | 8075 | SH |  | SOLE |  | 8075 | 0 | 0 |
| CHURCH  DWIGHT CO | COM | 171340102 |  | 347 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| CIGNA CORP | COM | 125523100 |  | 3374 | 10184 | SH |  | SOLE |  | 10184 | 0 | 0 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 1774 | 37228 | SH |  | SOLE |  | 37228 | 0 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 692 | 8778 | SH |  | SOLE |  | 8778 | 0 | 0 |
| COMCAST CORP NEW CLASS A | COM | 20030n101 |  | 1540 | 44046 | SH |  | SOLE |  | 44046 | 0 | 0 |
| CONSTELLATION BRAND CLASS A | COM | 21036p108 |  | 593 | 2557 | SH |  | SOLE |  | 2557 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 1388 | 43450 | SH |  | SOLE |  | 43450 | 0 | 0 |
| CORTEVA INC | COM | 22052l104 |  | 372 | 6321 | SH |  | SOLE |  | 6321 | 0 | 0 |
| COSTCO WHOLESALE CORP NEW COM | COM | 22160K105 |  | 124270 | 272223 | SH |  | SOLE |  | 272223 | 0 | 0 |
| CROWN CASTLE INC REIT | COM | 22822v101 |  | 324 | 2385 | SH |  | SOLE |  | 2385 | 0 | 0 |
| CROWN HOLDINGS INC | COM | 228368106 |  | 234 | 2849 | SH |  | SOLE |  | 2849 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 673 | 21716 | SH |  | SOLE |  | 21716 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 279 | 1150 | SH |  | SOLE |  | 1150 | 0 | 0 |
| CVS HEALTH CORP COM | COM | 126650100 |  | 736 | 7901 | SH |  | SOLE |  | 7901 | 0 | 0 |
| DANAHER CORP COM | COM | 235851102 |  | 17685 | 66630 | SH |  | SOLE |  | 66630 | 0 | 0 |
| DEERE  CO COM | COM | 244199105 |  | 116799 | 272410 | SH |  | SOLE |  | 272410 | 0 | 0 |
| DEUTSCHE POST AG ORD F | COM | d19225107 |  | 278 | 7410 | SH |  | SOLE |  | 7410 | 0 | 0 |
| DIAGEO PLC F SPONSORED ADR 1 A | COM | 25243q205 |  | 3589 | 20144 | SH |  | SOLE |  | 20144 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | COM | 256677105 |  | 243 | 988 | SH |  | SOLE |  | 988 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 11512 | 85015 | SH |  | SOLE |  | 85015 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 461 | 9145 | SH |  | SOLE |  | 9145 | 0 | 0 |
| DUPONT DE NEMOURS INC IA | COM | 26614n102 |  | 678 | 9880 | SH |  | SOLE |  | 9880 | 0 | 0 |
| EATON CORP PLC F | COM | g29183103 |  | 218 | 1388 | SH |  | SOLE |  | 1388 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1794 | 12328 | SH |  | SOLE |  | 12328 | 0 | 0 |
| EDISON INTL COM | COM | 281020107 |  | 349 | 5486 | SH |  | SOLE |  | 5486 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 698 | 1361 | SH |  | SOLE |  | 1361 | 0 | 0 |
| EMERSON ELECTRIC CO | COM | 291011104 |  | 869 | 9043 | SH |  | SOLE |  | 9043 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261a100 |  | 251 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| ENTERPRISE PRODS PART LP | COM | 293792107 |  | 327 | 13556 | SH |  | SOLE |  | 13556 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 272 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| EQUINIX INC REIT | COM | 29444u700 |  | 574 | 877 | SH |  | SOLE |  | 877 | 0 | 0 |
| ESTEE LAUDER CO INC CLASS A | COM | 518439104 |  | 455 | 1834 | SH |  | SOLE |  | 1834 | 0 | 0 |
| EXPEDITORS INTRNATIONL OF WASH | COM | 302130109 |  | 499 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| EXTRA SPACE STORAGE REIT | COM | 30225t102 |  | 221 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 9380 | 85039 | SH |  | SOLE |  | 85039 | 0 | 0 |
| FACTSET RESEARCH SYS | COM | 303075105 |  | 480 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| FASTENAL CO COM | COM | 311900104 |  | 73085 | 1544494 | SH |  | SOLE |  | 1544494 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO CAL | COM | 33616C100 |  | 70518 | 578534 | SH |  | SOLE |  | 578534 | 0 | 0 |
| GENERAC HOLDINGS INC | COM | 368736104 |  | 2989 | 29697 | SH |  | SOLE |  | 29697 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604301 |  | 332 | 3960 | SH |  | SOLE |  | 3960 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 |  | 467 | 5568 | SH |  | SOLE |  | 5568 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 723 | 8425 | SH |  | SOLE |  | 8425 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 6242 | 18177 | SH |  | SOLE |  | 18177 | 0 | 0 |
| GRAHAM HLDGS CO COM CL B | COM | 384637104 |  | 541 | 895 | SH |  | SOLE |  | 895 | 0 | 0 |
| GRIFFIN REALTY TRUST CLA SS E | COM | 39818p880 |  | 102 | 13677 | SH |  | SOLE |  | 13677 | 0 | 0 |
| HEINEKEN N V SPONS ADR LEVEL 1 | COM | 423012301 |  | 457 | 9728 | SH |  | SOLE |  | 9728 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 760 | 3284 | SH |  | SOLE |  | 3284 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 6898 | 21839 | SH |  | SOLE |  | 21839 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2095 | 9775 | SH |  | SOLE |  | 9775 | 0 | 0 |
| ICICI BANK LTD F SPONSORED ADR | COM | 45104g104 |  | 227 | 10355 | SH |  | SOLE |  | 10355 | 0 | 0 |
| IDEXX LABS INC | COM | 45168d104 |  | 691 | 1693 | SH |  | SOLE |  | 1693 | 0 | 0 |
| ILLINOIS TOOL WORKS | COM | 452308109 |  | 479 | 2175 | SH |  | SOLE |  | 2175 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 248 | 1226 | SH |  | SOLE |  | 1226 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 950 | 35953 | SH |  | SOLE |  | 35953 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS C | COM | 459200101 |  | 2724 | 19335 | SH |  | SOLE |  | 19335 | 0 | 0 |
| INTUIT INC | COM | 461202103 |  | 1831 | 4703 | SH |  | SOLE |  | 4703 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | COM | 46120E602 |  | 699 | 2634 | SH |  | SOLE |  | 2634 | 0 | 0 |
| IQVIA HLDGS INC COM | COM | 46266C105 |  | 52215 | 254845 | SH |  | SOLE |  | 254845 | 0 | 0 |
| ISHARES RUSSELL MID CAP VALUE | COM | 464287473 |  | 600 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| ISHARES TOTAL US STOCK MARKET | COM | 464287150 |  | 221 | 2605 | SH |  | SOLE |  | 2605 | 0 | 0 |
| ISHARES TR RUSSELL 1000 VALUE | COM | 464287598 |  | 389 | 2566 | SH |  | SOLE |  | 2566 | 0 | 0 |
| JBG SMITH PPTYS COM | COM | 46590V100 |  | 451 | 23778 | SH |  | SOLE |  | 23778 | 0 | 0 |
| JOHNSON  JOHNSON COM USD1 | COM | 478160104 |  | 22110 | 125162 | SH |  | SOLE |  | 125162 | 0 | 0 |
| JPMORGAN CHASE AND CO | COM | 46625H100 |  | 7911 | 58991 | SH |  | SOLE |  | 58991 | 0 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 207 | 1528 | SH |  | SOLE |  | 1528 | 0 | 0 |
| L OREAL S A ADR | COM | 502117203 |  | 5633 | 79065 | SH |  | SOLE |  | 79065 | 0 | 0 |
| LAB CO OF AMER HLDG | COM | 50540r409 |  | 728 | 3090 | SH |  | SOLE |  | 3090 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 3035 | 8297 | SH |  | SOLE |  | 8297 | 0 | 0 |
| LINDE PLC F | COM | g5494j103 |  | 1732 | 5310 | SH |  | SOLE |  | 5310 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 619 | 1273 | SH |  | SOLE |  | 1273 | 0 | 0 |
| LOWES COMPANIES INC | COM | 548661107 |  | 673 | 3380 | SH |  | SOLE |  | 3380 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 117030 | 88828 | SH |  | SOLE |  | 88828 | 0 | 0 |
| MARRIOTT INTL INC NEW CL A | COM | 571903202 |  | 329 | 2208 | SH |  | SOLE |  | 2208 | 0 | 0 |
| MARTIN MARIETTA MATLS INC COM | COM | 573284106 |  | 51105 | 151213 | SH |  | SOLE |  | 151213 | 0 | 0 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 149236 | 429172 | SH |  | SOLE |  | 429172 | 0 | 0 |
| MCCORMICK  CO INC COM NON VTG | COM | 579780206 |  | 1068 | 12880 | SH |  | SOLE |  | 12880 | 0 | 0 |
| MCDONALD'S CORP | COM | 580135101 |  | 4289 | 16277 | SH |  | SOLE |  | 16277 | 0 | 0 |
| MCKESSON CORP | COM | 58155q103 |  | 559 | 1491 | SH |  | SOLE |  | 1491 | 0 | 0 |
| MEDTRONIC PLC F | COM | g5960l103 |  | 221 | 2839 | SH |  | SOLE |  | 2839 | 0 | 0 |
| MERCK  CO INC NEW | COM | 58933Y105 |  | 46866 | 422411 | SH |  | SOLE |  | 422411 | 0 | 0 |
| META PLATFORMS INC CLASS A | COM | 30303m102 |  | 998 | 8290 | SH |  | SOLE |  | 8290 | 0 | 0 |
| METTLER-TOLEDO INTL INC COM | COM | 592688105 |  | 91708 | 63446 | SH |  | SOLE |  | 63446 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 168706 | 703469 | SH |  | SOLE |  | 703469 | 0 | 0 |
| MONDELEZ INTL CLASS A | COM | 609207105 |  | 581 | 8723 | SH |  | SOLE |  | 8723 | 0 | 0 |
| Monster Beverage Corp New | COM | 61174X109 |  | 85528 | 842395 | SH |  | SOLE |  | 842395 | 0 | 0 |
| MOODYS CORP COM | COM | 615369105 |  | 5422 | 19459 | SH |  | SOLE |  | 19459 | 0 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 486 | 5718 | SH |  | SOLE |  | 5718 | 0 | 0 |
| MYECHECK INC COM NEW | COM | 62847L209 |  | 0 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| NESTLE S A SPONSORED ADR REPST | COM | 641069406 |  | 103695 | 899034 | SH |  | SOLE |  | 899034 | 0 | 0 |
| NETFLIX COM INC | COM | 64110L106 |  | 80240 | 272110 | SH |  | SOLE |  | 272110 | 0 | 0 |
| NEW JERSEY RES CORP COM | COM | 646025106 |  | 447 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| NEWMONT CORP COM | COM | 651639106 |  | 528 | 11178 | SH |  | SOLE |  | 11178 | 0 | 0 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 8639 | 103335 | SH |  | SOLE |  | 103335 | 0 | 0 |
| NIKE INC CL B | COM | 654106103 |  | 97649 | 834540 | SH |  | SOLE |  | 834540 | 0 | 0 |
| NORFOLK SOUTHERN CO | COM | 655844108 |  | 4212 | 17094 | SH |  | SOLE |  | 17094 | 0 | 0 |
| NORTHERN TRUST CORP | COM | 665859104 |  | 1094 | 12365 | SH |  | SOLE |  | 12365 | 0 | 0 |
| NORTHROP GRUMMAN CO | COM | 666807102 |  | 2096 | 3841 | SH |  | SOLE |  | 3841 | 0 | 0 |
| NOVARTIS AG F SPONSORED ADR 1 | COM | 66987v109 |  | 629 | 6938 | SH |  | SOLE |  | 6938 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 591 | 4483 | SH |  | SOLE |  | 4483 | 0 | 0 |
| NVIDIA CORP | COM | 67066g104 |  | 1244 | 8510 | SH |  | SOLE |  | 8510 | 0 | 0 |
| ONEOK INC | COM | 682680103 |  | 657 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ORACLE CORP | COM | 68389x105 |  | 1013 | 12393 | SH |  | SOLE |  | 12393 | 0 | 0 |
| PACKAGING CORP AMER COM | COM | 695156109 |  | 419 | 3276 | SH |  | SOLE |  | 3276 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1170 | 10121 | SH |  | SOLE |  | 10121 | 0 | 0 |
| PAYPAL HOLDINGS INCORPOR | COM | 70450y103 |  | 1043 | 14643 | SH |  | SOLE |  | 14643 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 9254 | 51224 | SH |  | SOLE |  | 51224 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3150 | 61472 | SH |  | SOLE |  | 61472 | 0 | 0 |
| PHILIP MORRIS INTL | COM | 718172109 |  | 1909 | 18864 | SH |  | SOLE |  | 18864 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 280 | 2693 | SH |  | SOLE |  | 2693 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP I | COM | 693475105 |  | 232 | 1471 | SH |  | SOLE |  | 1471 | 0 | 0 |
| PRICE T ROWE GROUP INC COM | COM | 74144T108 |  | 1636 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| PROCTER  GAMBLE COMPANY COM | COM | 742718109 |  | 11575 | 76372 | SH |  | SOLE |  | 76372 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 283 | 2571 | SH |  | SOLE |  | 2571 | 0 | 0 |
| QUEST DIAGNOSTIC INC | COM | 74834l100 |  | 571 | 3650 | SH |  | SOLE |  | 3650 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CO | COM | 75513e101 |  | 695 | 6884 | SH |  | SOLE |  | 6884 | 0 | 0 |
| REPUBLIC SERVICES | COM | 760759100 |  | 413 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| ROCHE HLDG AG F SPONSORED ADR | COM | 771195104 |  | 325 | 8290 | SH |  | SOLE |  | 8290 | 0 | 0 |
| ROCKWELL AUTOMATION INC COM | COM | 773903109 |  | 5948 | 23093 | SH |  | SOLE |  | 23093 | 0 | 0 |
| ROLLINS ORD SHS | COM | 775711104 |  | 596 | 16312 | SH |  | SOLE |  | 16312 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 85677 | 198284 | SH |  | SOLE |  | 198284 | 0 | 0 |
| ROSS STORES INC COM | COM | 778296103 |  | 536 | 4616 | SH |  | SOLE |  | 4616 | 0 | 0 |
| S GLOBAL INC COM | COM | 78409V104 |  | 79288 | 236722 | SH |  | SOLE |  | 236722 | 0 | 0 |
| SALESFORCE INC | COM | 79466l302 |  | 5246 | 39568 | SH |  | SOLE |  | 39568 | 0 | 0 |
| SALISBURY BANCORP INC COM | COM | 795226109 |  | 271 | 8628 | SH |  | SOLE |  | 8628 | 0 | 0 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 327 | 6126 | SH |  | SOLE |  | 6126 | 0 | 0 |
| SCHNEIDER ELECTRIC SE | COM | 80687P106 |  | 5823 | 208265 | SH |  | SOLE |  | 208265 | 0 | 0 |
| SELECT SECTOR SPDR TR ENERGY | COM | 81369Y506 |  | 232 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| SERVICE NOW INC | COM | 81762p102 |  | 699 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| SHERWIN-WILLIAMS CO COM | COM | 824348106 |  | 89376 | 376589 | SH |  | SOLE |  | 376589 | 0 | 0 |
| SIEMENS AG COM DM50 (NEW) | COM | 826197501 |  | 5617 | 81648 | SH |  | SOLE |  | 81648 | 0 | 0 |
| SMUCKER J M CO COM NEW | COM | 832696405 |  | 864 | 5450 | SH |  | SOLE |  | 5450 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 6162 | 21752 | SH |  | SOLE |  | 21752 | 0 | 0 |
| SONY GROUP CORP ORDF | COM | j76379106 |  | 260 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 325 | 4550 | SH |  | SOLE |  | 4550 | 0 | 0 |
| SPDR GOLD TRUST | COM | 78463V107 |  | 448 | 2641 | SH |  | SOLE |  | 2641 | 0 | 0 |
| SPDR S 500 ETF | COM | 78462f103 |  | 2065 | 5399 | SH |  | SOLE |  | 5399 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 14314 | 144297 | SH |  | SOLE |  | 144297 | 0 | 0 |
| STATE STREET CORP | COM | 857477103 |  | 361 | 4650 | SH |  | SOLE |  | 4650 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 668 | 2734 | SH |  | SOLE |  | 2734 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 539 | 7055 | SH |  | SOLE |  | 7055 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG SPONS | COM | 874039100 |  | 6749 | 90603 | SH |  | SOLE |  | 90603 | 0 | 0 |
| TARGET CORP | COM | 87612e106 |  | 458 | 3071 | SH |  | SOLE |  | 3071 | 0 | 0 |
| TESLA INC | COM | 88160r101 |  | 1775 | 14409 | SH |  | SOLE |  | 14409 | 0 | 0 |
| TETRA TECHNOLOGIES | COM | 88162f105 |  | 69 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| TEXAS INSTRUMENTS INC COM | COM | 882508104 |  | 83403 | 504800 | SH |  | SOLE |  | 504800 | 0 | 0 |
| THE COCA-COLA CO | COM | 191216100 |  | 5437 | 85472 | SH |  | SOLE |  | 85472 | 0 | 0 |
| THERMO FISHER CORP | COM | 883556102 |  | 11206 | 20349 | SH |  | SOLE |  | 20349 | 0 | 0 |
| TIMKEN CO COM | COM | 887389104 |  | 3827 | 54154 | SH |  | SOLE |  | 54154 | 0 | 0 |
| TJX COS INC COM NEW | COM | 872540109 |  | 90173 | 1132821 | SH |  | SOLE |  | 1132821 | 0 | 0 |
| TRACTOR SUPPLY COMP | COM | 892356106 |  | 1664 | 7395 | SH |  | SOLE |  | 7395 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS ISI | COM | G8994E103 |  | 7293 | 43385 | SH |  | SOLE |  | 43385 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 65550 | 104105 | SH |  | SOLE |  | 104105 | 0 | 0 |
| TRAVELERS COMPANIES | COM | 89417e109 |  | 1029 | 5487 | SH |  | SOLE |  | 5487 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 2940 | 58149 | SH |  | SOLE |  | 58149 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832q109 |  | 754 | 17525 | SH |  | SOLE |  | 17525 | 0 | 0 |
| U S BANCORP | COM | 902973304 |  | 209 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353t100 |  | 495 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| UNILEVER PLC F SPONSORED ADR 1 | COM | 904767704 |  | 637 | 12655 | SH |  | SOLE |  | 12655 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 3449 | 16658 | SH |  | SOLE |  | 16658 | 0 | 0 |
| UNITED PARCEL SVC INC CL B | COM | 911312106 |  | 2427 | 13963 | SH |  | SOLE |  | 13963 | 0 | 0 |
| UNITED RENTALS INC COM | COM | 911363109 |  | 5121 | 14409 | SH |  | SOLE |  | 14409 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 98566 | 185911 | SH |  | SOLE |  | 185911 | 0 | 0 |
| VALERO ENERGY CORP NEW COM | COM | 91913Y100 |  | 1181 | 9310 | SH |  | SOLE |  | 9310 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOG | COM | 92204a702 |  | 1716 | 5372 | SH |  | SOLE |  | 5372 | 0 | 0 |
| VANGUARD S 500 ETF | COM | 922908363 |  | 868 | 2470 | SH |  | SOLE |  | 2470 | 0 | 0 |
| VERIZON COMMUNICATN | COM | 92343v104 |  | 1353 | 34350 | SH |  | SOLE |  | 34350 | 0 | 0 |
| VERTEX PHARMACEUTICA | COM | 92532f100 |  | 265 | 918 | SH |  | SOLE |  | 918 | 0 | 0 |
| VISA INC CL A | COM | 92826C839 |  | 11233 | 54069 | SH |  | SOLE |  | 54069 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2617 | 18456 | SH |  | SOLE |  | 18456 | 0 | 0 |
| WALT DISNEY CO/THE | COM | 254687106 |  | 2293 | 26387 | SH |  | SOLE |  | 26387 | 0 | 0 |
| WASTE MGMT INC DEL COM STK | COM | 94106L109 |  | 7207 | 45942 | SH |  | SOLE |  | 45942 | 0 | 0 |
| WEBSTER FINL CO | COM | 947890109 |  | 227 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| WEC ENERGY GROUP INC COM | COM | 92939U106 |  | 431 | 4601 | SH |  | SOLE |  | 4601 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 698 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| WOODWARD INC COM | COM | 980745103 |  | 580 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| XYLEM INC. | COM | 98419m100 |  | 353 | 3196 | SH |  | SOLE |  | 3196 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 345 | 2693 | SH |  | SOLE |  | 2693 | 0 | 0 |
| ZOETIS INC COM USD0.01 CL 'A' | COM | 98978V103 |  | 80065 | 546332 | SH |  | SOLE |  | 546332 | 0 | 0 |

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