# EDGAR Filing Document

**Accession Number:** 0001692252
**File Stem:** 0001085146-25-003752
**Filing Date:** 2025-7
**Character Count:** 17288
**Document Hash:** f497f82e26b1b071e3857010f3e1c02e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-003752.hdr.sgml**: 20250711

**ACCESSION NUMBER**: 0001085146-25-003752

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250711

**DATE AS OF CHANGE**: 20250711

**EFFECTIVENESS DATE**: 20250711

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARTHUR M. COHEN & ASSOCIATES, LLC
- **CENTRAL INDEX KEY:** 0001692252

**ORGANIZATION NAME:**
- **EIN:** 364474607

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17597
- **FILM NUMBER:** 251119638

**BUSINESS ADDRESS:**
- **STREET 1:** 1033 SKOKIE BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** NORTHBROOK
- **STATE:** IL
- **ZIP:** 60062
- **BUSINESS PHONE:** 847-480-2990

**MAIL ADDRESS:**
- **STREET 1:** 1033 SKOKIE BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** NORTHBROOK
- **STATE:** IL
- **ZIP:** 60062

### 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:** ARTHUR M. COHEN  ASSOCIATES LLC<br>**Address:** 1033 SKOKIE BOULEVARD<br>SUITE 200<br>NORTHBROOK, IL 60062

**Form 13F File Number:** 028-17597

**CRD Number (if applicable):** 000105894

**SEC File Number (if applicable):** 801-35752

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:** Richard Chen<br>**Title:** Authorized Person<br>**Phone:** 917-773-8326

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

/s/Richard Chen  New York, NY  07-11-2025<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:** 125

**Form 13F Information Table Value Total:** $566165744

      (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 | BBG001S5T7X2 | 761200 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 1399575 | 7540 | SH |  | SOLE |  | 7540 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1751021 | 9936 | SH |  | SOLE |  | 9936 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 23180037 | 130673 | SH |  | SOLE |  | 130673 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 29223626 | 133204 | SH |  | SOLE |  | 133204 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG001SK6096 | 631936 | 1184 | SH |  | SOLE |  | 1184 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 1369682 | 4906 | SH |  | SOLE |  | 4906 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 250397 | 1052 | SH |  | SOLE |  | 1052 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 1077415 | 3020 | SH |  | SOLE |  | 3020 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 35578823 | 173411 | SH |  | SOLE |  | 173411 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | BBG001S9HZ74 | 3029051 | 33268 | SH |  | SOLE |  | 33268 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 629091 | 785 | SH |  | SOLE |  | 785 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 326904 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 | BBG001SB2HG5 | 1968841 | 2378 | SH |  | SOLE |  | 2378 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 315972 | 6677 | SH |  | SOLE |  | 6677 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 | BBG001S5P463 | 242451 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 12389600 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 34540190 | 71104 | SH |  | SOLE |  | 71104 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 11676498 | 11128 | SH |  | SOLE |  | 11128 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 788137 | 5269 | SH |  | SOLE |  | 5269 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 278203 | 6010 | SH |  | SOLE |  | 6010 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1309613 | 4751 | SH |  | SOLE |  | 4751 | 0 | 0 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 | BBG015DMY5P8 | 295038 | 7258 | SH |  | SOLE |  | 7258 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 1390610 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG001T71BP7 | 1469223 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 3543233 | 63103 | SH |  | SOLE |  | 63103 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 258441 | 3725 | SH |  | SOLE |  | 3725 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 369669 | 5225 | SH |  | SOLE |  | 5225 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 331785 | 3650 | SH |  | SOLE |  | 3650 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 15809907 | 15971 | SH |  | SOLE |  | 15971 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 9481315 | 18616 | SH |  | SOLE |  | 18616 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 37163591 | 188132 | SH |  | SOLE |  | 188132 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 | BBG0134WCMB3 | 503529 | 11740 | SH |  | SOLE |  | 11740 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 2209411 | 6189 | SH |  | SOLE |  | 6189 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 | BBG001SF2288 | 991937 | 12683 | SH |  | SOLE |  | 12683 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 17715599 | 22726 | SH |  | SOLE |  | 22726 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 2618302 | 3292 | SH |  | SOLE |  | 3292 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 223685 | 2075 | SH |  | SOLE |  | 2075 | 0 | 0 |
| F ANNUITIES  LIFE INC | COMMON STOCK | 30190A104 | BBG01BGVGH85 | 1126176 | 35215 | SH |  | SOLE |  | 35215 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6J1 | 614810 | 10967 | SH |  | SOLE |  | 10967 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 | BBG001SS8248 | 2408642 | 22306 | SH |  | SOLE |  | 22306 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 | BBG001S87K70 | 557232 | 1950 | SH |  | SOLE |  | 1950 | 0 | 0 |
| FRANKLIN TEMPLETON HOLDINGS | RESPBLY SRCD GLD | 35473M105 | BBG018KX3R21 | 230227 | 5236 | SH |  | SOLE |  | 5236 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 4153557 | 12975 | SH |  | SOLE |  | 12975 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 1229295 | 4776 | SH |  | SOLE |  | 4776 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 584182 | 1104 | SH |  | SOLE |  | 1104 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 390262 | 3520 | SH |  | SOLE |  | 3520 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 5734616 | 15641 | SH |  | SOLE |  | 15641 | 0 | 0 |
| IDEX CORP | COM | 45167R104 | BBG001S67N14 | 210684 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 | BBG001SF4NY1 | 477050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 278033 | 353 | SH |  | SOLE |  | 353 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 5642769 | 10384 | SH |  | SOLE |  | 10384 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 | BBG00XS6PBW6 | 33490763 | 147471 | SH |  | SOLE |  | 147471 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 | BBG001SDTVQ0 | 932793 | 13090 | SH |  | SOLE |  | 13090 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 5680163 | 10297 | SH |  | SOLE |  | 10297 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 | BBG006MJFZK4 | 287730 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 | BBG001SHTRL5 | 216064 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1416774 | 2282 | SH |  | SOLE |  | 2282 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 462209 | 5026 | SH |  | SOLE |  | 5026 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 365450 | 1694 | SH |  | SOLE |  | 1694 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 | BBG001SGB026 | 322220 | 1059 | SH |  | SOLE |  | 1059 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 564016 | 4247 | SH |  | SOLE |  | 4247 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 1179994 | 7725 | SH |  | SOLE |  | 7725 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 1515166 | 5226 | SH |  | SOLE |  | 5226 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 288781 | 2240 | SH |  | SOLE |  | 2240 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 515475 | 1113 | SH |  | SOLE |  | 1113 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 265800 | 1198 | SH |  | SOLE |  | 1198 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 261623 | 1575 | SH |  | SOLE |  | 1575 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | BBG001S7QC51 | 329376 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ162 | 2937562 | 37953 | SH |  | SOLE |  | 37953 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 2651795 | 4719 | SH |  | SOLE |  | 4719 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1776978 | 6082 | SH |  | SOLE |  | 6082 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 381947 | 4825 | SH |  | SOLE |  | 4825 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 8242020 | 11167 | SH |  | SOLE |  | 11167 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 377089 | 4689 | SH |  | SOLE |  | 4689 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 28712000 | 57723 | SH |  | SOLE |  | 57723 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 410789 | 977 | SH |  | SOLE |  | 977 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 16090986 | 12016 | SH |  | SOLE |  | 12016 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 56946262 | 360442 | SH |  | SOLE |  | 360442 | 0 | 0 |
| ONESPAN INC | COM | 68287N100 | BBG001S7T321 | 1351890 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 2219095 | 10150 | SH |  | SOLE |  | 10150 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60LN7 | 1386280 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 2444899 | 17935 | SH |  | SOLE |  | 17935 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 2646404 | 12932 | SH |  | SOLE |  | 12932 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 751990 | 4720 | SH |  | SOLE |  | 4720 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 9151697 | 34294 | SH |  | SOLE |  | 34294 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 | BBG005D266P2 | 2416497 | 23997 | SH |  | SOLE |  | 23997 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 270742 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 | BBG001V1Y6Z1 | 2109681 | 20054 | SH |  | SOLE |  | 20054 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 5244308 | 35915 | SH |  | SOLE |  | 35915 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 414977 | 787 | SH |  | SOLE |  | 787 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 3179565 | 11660 | SH |  | SOLE |  | 11660 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 1479428 | 50648 | SH |  | SOLE |  | 50648 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG001S7TD56 | 284830 | 3488 | SH |  | SOLE |  | 3488 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 1392020 | 1354 | SH |  | SOLE |  | 1354 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 454265 | 1323 | SH |  | SOLE |  | 1323 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 4884265 | 42343 | SH |  | SOLE |  | 42343 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 28482964 | 46100 | SH |  | SOLE |  | 46100 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 1126313 | 1988 | SH |  | SOLE |  | 1988 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 | BBG001SG6843 | 960464 | 12825 | SH |  | SOLE |  | 12825 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 | BBG004T58LZ5 | 207064 | 4861 | SH |  | SOLE |  | 4861 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 | BBG001SPTBP8 | 312179 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 501674 | 5475 | SH |  | SOLE |  | 5475 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 2221187 | 9807 | SH |  | SOLE |  | 9807 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 769690 | 2423 | SH |  | SOLE |  | 2423 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 | BBG00629NGW8 | 575776 | 7998 | SH |  | SOLE |  | 7998 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 3360784 | 8289 | SH |  | SOLE |  | 8289 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 337622 | 2734 | SH |  | SOLE |  | 2734 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 533886 | 1218 | SH |  | SOLE |  | 1218 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 406221 | 1452 | SH |  | SOLE |  | 1452 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 4922972 | 8667 | SH |  | SOLE |  | 8667 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 492917 | 1622 | SH |  | SOLE |  | 1622 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 477905 | 2704 | SH |  | SOLE |  | 2704 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 457233 | 2234 | SH |  | SOLE |  | 2234 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 12956225 | 97189 | SH |  | SOLE |  | 97189 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 | BBG001SHVTQ3 | 353747 | 976 | SH |  | SOLE |  | 976 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 429142 | 647 | SH |  | SOLE |  | 647 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 | BBG001TX0CB4 | 4607968 | 16001 | SH |  | SOLE |  | 16001 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 | BBG019Q32XK7 | 4795337 | 47502 | SH |  | SOLE |  | 47502 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 396228 | 890 | SH |  | SOLE |  | 890 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 767250 | 5975 | SH |  | SOLE |  | 5975 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 3301255 | 9298 | SH |  | SOLE |  | 9298 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1711150 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 845490 | 3695 | SH |  | SOLE |  | 3695 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 | BBG001S6SX73 | 419370 | 1360 | SH |  | SOLE |  | 1360 | 0 | 0 |

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