# EDGAR Filing Document

**Accession Number:** 0002033609
**File Stem:** 0001085146-25-004444
**Filing Date:** 2025-8
**Character Count:** 18154
**Document Hash:** e6143b09509e27a1bdccd07f71d63be4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004444.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001085146-25-004444

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**EFFECTIVENESS DATE**: 20250801

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Investment Counsel, LLC
- **CENTRAL INDEX KEY:** 0002033609

**ORGANIZATION NAME:**
- **EIN:** 934261287
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24322
- **FILM NUMBER:** 251175598

**BUSINESS ADDRESS:**
- **STREET 1:** 600 GRANT STREET
- **STREET 2:** SUITE 450
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203
- **BUSINESS PHONE:** 303-859-3550

**MAIL ADDRESS:**
- **STREET 1:** 600 GRANT STREET
- **STREET 2:** SUITE 450
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Capital Investment Counsel LLC<br>**Address:** 600 GRANT STREET<br>SUITE 450<br>DENVER, CO 80203

**Form 13F File Number:** 028-24322

**CRD Number (if applicable):** 000328474

**SEC File Number (if applicable):** 801-128893

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:** Samantha Cox<br>**Title:** Chief Compliance Officer and Operations Manager<br>**Phone:** 303-381-0200

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

/s/Samantha Cox  Denver, CO  08-01-2025<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:** 128

**Form 13F Information Table Value Total:** $644576450

      (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 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 524319 | 3855 | SH |  | SOLE |  | 0 | 0 | 3855 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 9340564 | 50321 | SH |  | SOLE |  | 0 | 0 | 50321 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 4902543 | 12672 | SH |  | SOLE |  | 0 | 0 | 12672 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 11325773 | 64267 | SH |  | SOLE |  | 0 | 0 | 64267 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1143456 | 6446 | SH |  | SOLE |  | 0 | 0 | 6446 |
| ALPS ETF TR | SECTR DIV DOGS | 00162Q858 | BBG0035HP7H9 | 4748093 | 82606 | SH |  | SOLE |  | 0 | 0 | 82606 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 8583195 | 39123 | SH |  | SOLE |  | 0 | 0 | 39123 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 5022370 | 17988 | SH |  | SOLE |  | 0 | 0 | 17988 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 13431036 | 65463 | SH |  | SOLE |  | 0 | 0 | 65463 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 | BBG0068KVVC7 | 10641348 | 61440 | SH |  | SOLE |  | 0 | 0 | 61440 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 330436 | 6983 | SH |  | SOLE |  | 0 | 0 | 6983 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 3932308 | 8095 | SH |  | SOLE |  | 0 | 0 | 8095 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 | BBG00XV417S7 | 5672540 | 295291 | SH |  | SOLE |  | 0 | 0 | 295291 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 20874282 | 75727 | SH |  | SOLE |  | 0 | 0 | 75727 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2655 | 2000 | SH | Call | SOLE |  | 0 | 0 | 2000 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 8627273 | 22223 | SH |  | SOLE |  | 0 | 0 | 22223 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 11072013 | 77324 | SH |  | SOLE |  | 0 | 0 | 77324 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 12747890 | 12877 | SH |  | SOLE |  | 0 | 0 | 12877 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 5733330 | 44472 | SH |  | SOLE |  | 0 | 0 | 44472 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 7783456 | 15307 | SH |  | SOLE |  | 0 | 0 | 15307 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 7776743 | 44609 | SH |  | SOLE |  | 0 | 0 | 44609 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 2277239 | 6379 | SH |  | SOLE |  | 0 | 0 | 6379 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 2305960 | 2958 | SH |  | SOLE |  | 0 | 0 | 2958 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 6408506 | 48065 | SH |  | SOLE |  | 0 | 0 | 48065 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 4879490 | 40795 | SH |  | SOLE |  | 0 | 0 | 40795 |
| EQUITABLE HLDGS INC | COM | 29452E101 | BBG00J7CBWL8 | 5462233 | 97366 | SH |  | SOLE |  | 0 | 0 | 97366 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 6438408 | 59725 | SH |  | SOLE |  | 0 | 0 | 59725 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6J1 | 3861868 | 68888 | SH |  | SOLE |  | 0 | 0 | 68888 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 707477 | 17201 | SH |  | SOLE |  | 0 | 0 | 17201 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 | BBG001SN9872 | 1211177 | 4497 | SH |  | SOLE |  | 0 | 0 | 4497 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 | BBG006XT8631 | 592893 | 9903 | SH |  | SOLE |  | 0 | 0 | 9903 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 | BBG007GFNV45 | 206646 | 4195 | SH |  | SOLE |  | 0 | 0 | 4195 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 | BBG004HQLXB7 | 16364282 | 356598 | SH |  | SOLE |  | 0 | 0 | 356598 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 | BBG00J3TCS97 | 7126948 | 202011 | SH |  | SOLE |  | 0 | 0 | 202011 |
| FIRST TR EXCHANGE-TRADED FD | WCM INTL EQUITY | 33733E732 | BBG01Q3ND4Q6 | 8109311 | 509699 | SH |  | SOLE |  | 0 | 0 | 509699 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 5482741 | 49452 | SH |  | SOLE |  | 0 | 0 | 49452 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG001T8NTY2 | 262424 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 6241695 | 17024 | SH |  | SOLE |  | 0 | 0 | 17024 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 | BBG001SB1FR8 | 6370950 | 291310 | SH |  | SOLE |  | 0 | 0 | 291310 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 8321345 | 28229 | SH |  | SOLE |  | 0 | 0 | 28229 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 382788 | 486 | SH |  | SOLE |  | 0 | 0 | 486 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2029 | 46138J577 | BBG00Q5D6ZV0 | 20112037 | 1075510 | SH |  | SOLE |  | 0 | 0 | 1075510 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2031 CP | 46138J429 | BBG012JBHCX8 | 20364249 | 1231957 | SH |  | SOLE |  | 0 | 0 | 1231957 |
| INVESCO EXCH TRD SLF IDX FD | BULLETSHS 2032 | 46139W858 | BBG019JCS8Z6 | 7479963 | 363105 | SH |  | SOLE |  | 0 | 0 | 363105 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO 30 CORP | 46138J460 | BBG00X3HYBX8 | 11260873 | 671089 | SH |  | SOLE |  | 0 | 0 | 671089 |
| INVESCO EXCHANGE TRADED FD T | HIG YLD EQ DIV | 46137V563 | BBG001SN3Z78 | 275331 | 13490 | SH |  | SOLE |  | 0 | 0 | 13490 |
| INVESCO EXCHANGE TRADED FD T | LARGE CAP GROWTH | 46137V746 | BBG001S9FH85 | 10838519 | 92290 | SH |  | SOLE |  | 0 | 0 | 92290 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 | BBG00KJR2976 | 260576 | 5693 | SH |  | SOLE |  | 0 | 0 | 5693 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 10721497 | 19436 | SH |  | SOLE |  | 0 | 0 | 19436 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 1006252 | 12144 | SH |  | SOLE |  | 0 | 0 | 12144 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 | BBG001SSD812 | 3357862 | 28196 | SH |  | SOLE |  | 0 | 0 | 28196 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 743750 | 7766 | SH |  | SOLE |  | 0 | 0 | 7766 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 | BBG006MJFZK4 | 8235365 | 128798 | SH |  | SOLE |  | 0 | 0 | 128798 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 5051056 | 60506 | SH |  | SOLE |  | 0 | 0 | 60506 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 11881061 | 191568 | SH |  | SOLE |  | 0 | 0 | 191568 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1617651 | 2605 | SH |  | SOLE |  | 0 | 0 | 2605 |
| ISHARES TR | ESG OPTIMIZED | 464288802 | BBG001SN86J4 | 760500 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| ISHARES TR | HIGH YLD SYSTM B | 46435G250 | BBG00H4BNPR3 | 15192144 | 320003 | SH |  | SOLE |  | 0 | 0 | 320003 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 | BBG001SJ8F58 | 9977319 | 41799 | SH |  | SOLE |  | 0 | 0 | 41799 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 6296748 | 119347 | SH |  | SOLE |  | 0 | 0 | 119347 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 | BBG001SSD849 | 1707358 | 32039 | SH |  | SOLE |  | 0 | 0 | 32039 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 | BBG007WGM3H4 | 7280063 | 168442 | SH |  | SOLE |  | 0 | 0 | 168442 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 746271 | 4082 | SH |  | SOLE |  | 0 | 0 | 4082 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 697585 | 1643 | SH |  | SOLE |  | 0 | 0 | 1643 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 | BBG001S561Z8 | 2924507 | 21088 | SH |  | SOLE |  | 0 | 0 | 21088 |
| ISHARES TR | S 100 ETF | 464287101 | BBG001SGB026 | 2498409 | 8209 | SH |  | SOLE |  | 0 | 0 | 8209 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 389314 | 3536 | SH |  | SOLE |  | 0 | 0 | 3536 |
| ISHARES TR | S SML 600 GWT | 464287887 | BBG001SFQL44 | 229893 | 1728 | SH |  | SOLE |  | 0 | 0 | 1728 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 276909 | 2085 | SH |  | SOLE |  | 0 | 0 | 2085 |
| ISHARES TR | US HOME CONS ETF | 464288752 | BBG001SQZTR8 | 249696 | 2680 | SH |  | SOLE |  | 0 | 0 | 2680 |
| ISHARES TR | US TREAS BD ETF | 46429B267 | BBG002NCKPP8 | 4199434 | 182743 | SH |  | SOLE |  | 0 | 0 | 182743 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 10455809 | 36066 | SH |  | SOLE |  | 0 | 0 | 36066 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 | BBG001S8KJC2 | 6960303 | 57352 | SH |  | SOLE |  | 0 | 0 | 57352 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 1248162 | 2695 | SH |  | SOLE |  | 0 | 0 | 2695 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 8135205 | 14477 | SH |  | SOLE |  | 0 | 0 | 14477 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 372809 | 1276 | SH |  | SOLE |  | 0 | 0 | 1276 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 423664 | 574 | SH |  | SOLE |  | 0 | 0 | 574 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 17979670 | 36147 | SH |  | SOLE |  | 0 | 0 | 36147 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 | BBG001S5VQ21 | 10329395 | 214793 | SH |  | SOLE |  | 0 | 0 | 214793 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 5047859 | 35836 | SH |  | SOLE |  | 0 | 0 | 35836 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 7894870 | 15790 | SH |  | SOLE |  | 0 | 0 | 15790 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1755743 | 11113 | SH |  | SOLE |  | 0 | 0 | 11113 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG001S78TL6 | 6331993 | 70254 | SH |  | SOLE |  | 0 | 0 | 70254 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 5122402 | 35215 | SH |  | SOLE |  | 0 | 0 | 35215 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 4833799 | 36609 | SH |  | SOLE |  | 0 | 0 | 36609 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 503927 | 3163 | SH |  | SOLE |  | 0 | 0 | 3163 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 365865 | 1371 | SH |  | SOLE |  | 0 | 0 | 1371 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 | BBG001S5TH79 | 3034843 | 10343 | SH |  | SOLE |  | 0 | 0 | 10343 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 5625413 | 66826 | SH |  | SOLE |  | 0 | 0 | 66826 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG001S9B362 | 7193766 | 12691 | SH |  | SOLE |  | 0 | 0 | 12691 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 8077028 | 15318 | SH |  | SOLE |  | 0 | 0 | 15318 |
| SANOFI | SPONSORED ADR | 80105N105 | BBG001S5W768 | 3294935 | 68204 | SH |  | SOLE |  | 0 | 0 | 68204 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 | BBG0051J0PJ9 | 312370 | 12729 | SH |  | SOLE |  | 0 | 0 | 12729 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 8525574 | 385773 | SH |  | SOLE |  | 0 | 0 | 385773 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 3187851 | 120296 | SH |  | SOLE |  | 0 | 0 | 120296 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 313862 | 10745 | SH |  | SOLE |  | 0 | 0 | 10745 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 272188 | 11137 | SH |  | SOLE |  | 0 | 0 | 11137 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 344531 | 13618 | SH |  | SOLE |  | 0 | 0 | 13618 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 | BBG00L5F9FV7 | 2093001 | 19285 | SH |  | SOLE |  | 0 | 0 | 19285 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 1111350 | 13104 | SH |  | SOLE |  | 0 | 0 | 13104 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 2107002 | 40233 | SH |  | SOLE |  | 0 | 0 | 40233 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 | BBG001S7T232 | 1367510 | 9270 | SH |  | SOLE |  | 0 | 0 | 9270 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 | BBG001S7T1Q9 | 1476540 | 6794 | SH |  | SOLE |  | 0 | 0 | 6794 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG001S7TD56 | 1220980 | 14952 | SH |  | SOLE |  | 0 | 0 | 14952 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 4511546 | 17816 | SH |  | SOLE |  | 0 | 0 | 17816 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 6067744 | 66076 | SH |  | SOLE |  | 0 | 0 | 66076 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1754517 | 2840 | SH |  | SOLE |  | 0 | 0 | 2840 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 937618 | 1655 | SH |  | SOLE |  | 0 | 0 | 1655 |
| SPDR SERIES TRUST | PORT MTG BK ETF | 78464A383 | BBG001T2HF72 | 870033 | 39368 | SH |  | SOLE |  | 0 | 0 | 39368 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 321811 | 1550 | SH |  | SOLE |  | 0 | 0 | 1550 |
| THOMSON REUTERS CORP | COM | 884903808 | BBG001S5WSW3 | 10899847 | 54196 | SH |  | SOLE |  | 0 | 0 | 54196 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 4463468 | 72968 | SH |  | SOLE |  | 0 | 0 | 72968 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 5460585 | 23733 | SH |  | SOLE |  | 0 | 0 | 23733 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 1068819 | 2438 | SH |  | SOLE |  | 0 | 0 | 2438 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 | BBG001SRN7S6 | 6845679 | 24071 | SH |  | SOLE |  | 0 | 0 | 24071 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 252733 | 1296 | SH |  | SOLE |  | 0 | 0 | 1296 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 6832539 | 22481 | SH |  | SOLE |  | 0 | 0 | 22481 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 917457 | 5191 | SH |  | SOLE |  | 0 | 0 | 5191 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 | BBG001SHTV36 | 6197340 | 75412 | SH |  | SOLE |  | 0 | 0 | 75412 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 4102315 | 69791 | SH |  | SOLE |  | 0 | 0 | 69791 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 | BBG001T0Y6W9 | 670341 | 1831 | SH |  | SOLE |  | 0 | 0 | 1831 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 527959 | 1487 | SH |  | SOLE |  | 0 | 0 | 1487 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 8602782 | 87981 | SH |  | SOLE |  | 0 | 0 | 87981 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 1003147 | 4384 | SH |  | SOLE |  | 0 | 0 | 4384 |
| WATERS CORP | COM | 941848103 | BBG001S8MDG9 | 4937520 | 14146 | SH |  | SOLE |  | 0 | 0 | 14146 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 | BBG001T21LV9 | 9274404 | 195374 | SH |  | SOLE |  | 0 | 0 | 195374 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 | BBG001SHKG74 | 6659451 | 132870 | SH |  | SOLE |  | 0 | 0 | 132870 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 | BBG001SHKFX7 | 214380 | 6750 | SH |  | SOLE |  | 0 | 0 | 6750 |

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