# EDGAR Filing Document

**Accession Number:** 0000920441
**File Stem:** 0000920441-26-000002
**Filing Date:** 2026-5
**Character Count:** 21101
**Document Hash:** cf509792eb7cb9b411df084949f22431
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000920441-26-000002.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000920441-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KELLY LAWRENCE W & ASSOCIATES INC/CA
- **CENTRAL INDEX KEY:** 0000920441

**ORGANIZATION NAME:**
- **EIN:** 953466353
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-04133
- **FILM NUMBER:** 26985879

**BUSINESS ADDRESS:**
- **STREET 1:** 199 SOUTH LOS ROBLES AVE
- **STREET 2:** SUITE 850
- **CITY:** PASADENS
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** 6264499500

**MAIL ADDRESS:**
- **STREET 1:** KELLY LAWARENCE W & ASSOCIATES INC
- **STREET 2:** 199 SOUTH LOS ROBLES AVE., STE. 850
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** KELLY LAWRENCE W  ASSOCIATES INC/CA<br>**Address:** KELLY LAWARENCE W  ASSOCIATES INC<br>199 SOUTH LOS ROBLES AVE. STE. 850<br>PASADENA, CA 91101

**Form 13F File Number:** 028-04133

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:** Alex Tescher<br>**Title:** Exec VP/Trading  Operations<br>**Phone:** (626) 449-9500

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

Alex Tescher  Pasadena, CA  05-15-2026<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:** 182

**Form 13F Information Table Value Total:** $359711932

      (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 |
| AG Mortgage Inv Tr 8 Pfd Ser B | PRD | 001228303 |  | 121551 | 6105 | SH |  | SOLE |  | 6105 | 0 | 0 |
| AG Mortgage Inv Tr 8 Pfd Ser B | PRD | 001228303 |  | 79640 | 4000 | SH |  | OTR |  | 4000 | 0 | 0 |
| AG Mortgage Inv Tr 8.25 Pfd Se | PRD | 001228204 |  | 35870 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| AGNC Invt Corp 6.5 Pfd Ser E | PRD | 00123Q807 |  | 641222 | 25690 | SH |  | SOLE |  | 19990 | 0 | 5700 |
| AGNC Invt Corp 6.5 Pfd Ser E | PRD | 00123Q807 |  | 57408 | 2300 | SH |  | OTR |  | 2300 | 0 | 0 |
| AGNC Invt Corp 7 Pfd Ser C | PRD | 00123Q500 |  | 37800 | 1500 | SH |  | OTR |  | 1500 | 0 | 0 |
| AT Inc 5 Dep Rep Pfd Ser A | PRD | 00206R508 |  | 498602 | 25400 | SH |  | SOLE |  | 19200 | 0 | 6200 |
| AT Inc 5 Dep Rep Pfd Ser A | PRD | 00206R508 |  | 243412 | 12400 | SH |  | OTR |  | 2400 | 0 | 10000 |
| Albemarle Corp 7.25 Pfd Ser A | PRD | 012653200 |  | 1284663 | 17955 | SH |  | SOLE |  | 17955 | 0 | 0 |
| Annaly Capital Mgmt 6.95 Pfd S | PRD | 035710870 |  | 45378 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| Annaly Capital Mgmt 6.95 Pfd S | PRD | 035710870 |  | 37815 | 1500 | SH |  | OTR |  | 1500 | 0 | 0 |
| Atlanticus Holdings Co Pfd NT | PRD | 04914Y409 |  | 216365 | 8578 | SH |  | SOLE |  | 7450 | 0 | 1128 |
| Atlanticus Holdings Co Pfd NT | PRD | 04914Y409 |  | 80714 | 3200 | SH |  | OTR |  | 3200 | 0 | 0 |
| Boeing Co Conv Pfd A | PRD | 097023204 |  | 311568 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| Capital One Finl Corp DP Shs P | PRD | 14040H824 |  | 558532 | 29900 | SH |  | SOLE |  | 27100 | 0 | 2800 |
| Capital One Finl Corp DP Shs P | PRD | 14040H824 |  | 44832 | 2400 | SH |  | OTR |  | 2400 | 0 | 0 |
| Ford Mtr 6.20 Pfd Due 06/01/20 | PRD | 345370845 |  | 308770 | 15400 | SH |  | SOLE |  | 10700 | 0 | 4700 |
| Ford Mtr 6.20 Pfd Due 06/01/20 | PRD | 345370845 |  | 46115 | 2300 | SH |  | OTR |  | 2300 | 0 | 0 |
| Pennymac Mtg Invt Tr Pfd Ser A | PRD | 70931T301 |  | 90580 | 4000 | SH |  | OTR |  | 4000 | 0 | 0 |
| Rithm Capital Corp 7.0 RT REST | PRD | 64828T706 |  | 316290 | 13000 | SH |  | SOLE |  | 10500 | 0 | 2500 |
| Rithm Capital Corp 7.0 RT REST | PRD | 64828T706 |  | 243300 | 10000 | SH |  | OTR |  | 0 | 0 | 10000 |
| Rithm Capital Corp 7.125 Pfd S | PRD | 64828T409 |  | 1369450 | 56125 | SH |  | SOLE |  | 41025 | 0 | 15100 |
| Rithm Capital Corp 7.125 Pfd S | PRD | 64828T409 |  | 126880 | 5200 | SH |  | OTR |  | 5200 | 0 | 0 |
| Rithm Capital Corp 7.125 Pfd S | PRD | 64828T508 |  | 61182 | 2700 | SH |  | OTR |  | 2700 | 0 | 0 |
| Wells Fargo  Co New Perp Pfd | PRD | 949746804 |  | 850505 | 735 | SH |  | SOLE |  | 465 | 0 | 270 |
| Wells Fargo  Co New Perp Pfd | PRD | 949746804 |  | 127286 | 110 | SH |  | OTR |  | 110 | 0 | 0 |
| 3M Co. | COM | 88579Y101 |  | 94254 | 649 | SH |  | SOLE |  | 149 | 0 | 500 |
| 3M Co. | COM | 88579Y101 |  | 145230 | 1000 | SH |  | OTR |  | 1000 | 0 | 0 |
| AAR Corp Com | COM | 000361105 |  | 194291 | 1775 | SH |  | SOLE |  | 825 | 0 | 950 |
| AFLAC Inc. | COM | 001055102 |  | 4990927 | 45492 | SH |  | SOLE |  | 40189 | 0 | 5303 |
| AFLAC Inc. | COM | 001055102 |  | 27427 | 250 | SH |  | OTR |  | 0 | 0 | 250 |
| AT Inc | COM | 00206R102 |  | 244241 | 8425 | SH |  | SOLE |  | 4925 | 0 | 3500 |
| AT Inc | COM | 00206R102 |  | 130455 | 4500 | SH |  | OTR |  | 4500 | 0 | 0 |
| AbbVie Inc. | COM | 00287Y109 |  | 1167051 | 5366 | SH |  | SOLE |  | 2250 | 0 | 3116 |
| AbbVie Inc. | COM | 00287Y109 |  | 560037 | 2575 | SH |  | OTR |  | 275 | 0 | 2300 |
| Abbott Labs | COM | 002824100 |  | 319304 | 3110 | SH |  | SOLE |  | 0 | 0 | 3110 |
| Abbott Labs | COM | 002824100 |  | 287476 | 2800 | SH |  | OTR |  | 0 | 0 | 2800 |
| Accenture PLC Ireland Cl A Shs | COM | G1151C101 |  | 19829 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| Advanced Micro Devices | COM | 007903107 |  | 24254349 | 119227 | SH |  | SOLE |  | 98875 | 0 | 20352 |
| Advanced Micro Devices | COM | 007903107 |  | 559432 | 2750 | SH |  | OTR |  | 450 | 0 | 2300 |
| Albemarle Corp. | COM | 012653101 |  | 858512 | 4782 | SH |  | SOLE |  | 4782 | 0 | 0 |
| Alphabet Inc Cap Stk Cl A | COM | 02079K305 |  | 30996380 | 107791 | SH |  | SOLE |  | 80728 | 0 | 27063 |
| Alphabet Inc Cap Stk Cl A | COM | 02079K305 |  | 1373099 | 4775 | SH |  | OTR |  | 225 | 0 | 4550 |
| Alphabet Inc Cap Stk Cl C | COM | 02079K107 |  | 10305159 | 35924 | SH |  | SOLE |  | 32240 | 0 | 3684 |
| Amazon Com Inc Com | COM | 023135106 |  | 10139625 | 48685 | SH |  | SOLE |  | 34325 | 0 | 14360 |
| Amazon Com Inc Com | COM | 023135106 |  | 796633 | 3825 | SH |  | OTR |  | 250 | 0 | 3575 |
| American Tower Corp NE Com | COM | 03027X100 |  | 128572 | 745 | SH |  | SOLE |  | 745 | 0 | 0 |
| American Tower Corp NE Com | COM | 03027X100 |  | 47459 | 275 | SH |  | OTR |  | 275 | 0 | 0 |
| Amgen Inc. Com | COM | 031162100 |  | 491886 | 1398 | SH |  | SOLE |  | 1398 | 0 | 0 |
| Anheuser Busch Inbev S Sponsor | COM | 03524A108 |  | 13874 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 26821565 | 105684 | SH |  | SOLE |  | 81491 | 0 | 24193 |
| Apple Inc. | COM | 037833100 |  | 1157282 | 4560 | SH |  | OTR |  | 300 | 0 | 4260 |
| Applied Materials Inc. | COM | 038222105 |  | 8708809 | 25480 | SH |  | SOLE |  | 20860 | 0 | 4620 |
| Applied Materials Inc. | COM | 038222105 |  | 683580 | 2000 | SH |  | OTR |  | 0 | 0 | 2000 |
| Automatic Data Processing Inc | COM | 053015103 |  | 31087 | 153 | SH |  | SOLE |  | 0 | 0 | 153 |
| Avery Dennison Corp. | COM | 053611109 |  | 120876 | 700 | SH |  | OTR |  | 700 | 0 | 0 |
| BXP Inc | COM | 101121101 |  | 661725 | 12750 | SH |  | SOLE |  | 1850 | 0 | 10900 |
| BXP Inc | COM | 101121101 |  | 134940 | 2600 | SH |  | OTR |  | 2200 | 0 | 400 |
| BYD Co Ltd Shs H | COM | Y1023R104 |  | 82164 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Bank of America Corp | COM | 060505104 |  | 577492 | 11846 | SH |  | SOLE |  | 11846 | 0 | 0 |
| Bank of New York Mellon | COM | 064058100 |  | 47452 | 400 | SH |  | OTR |  | 0 | 0 | 400 |
| Berkshire Hathaway Cl B | COM | 084670207 |  | 589895 | 1231 | SH |  | SOLE |  | 973 | 0 | 258 |
| Blackrock Inc | COM | 09290D101 |  | 50971 | 53 | SH |  | SOLE |  | 0 | 0 | 53 |
| Broadridge Financial Solutions | COM | 11133T103 |  | 8977832 | 55255 | SH |  | SOLE |  | 40256 | 0 | 14999 |
| Broadridge Financial Solutions | COM | 11133T103 |  | 381828 | 2350 | SH |  | OTR |  | 550 | 0 | 1800 |
| CSX Corp | COM | 126408103 |  | 80047 | 1950 | SH |  | SOLE |  | 1950 | 0 | 0 |
| California Wtr Svc Group | COM | 130788102 |  | 45340 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| Capital One Finl Corp | COM | 14040H105 |  | 12690378 | 69563 | SH |  | SOLE |  | 51362 | 0 | 18201 |
| Capital One Finl Corp | COM | 14040H105 |  | 282766 | 1550 | SH |  | OTR |  | 400 | 0 | 1150 |
| Caterpillar Inc | COM | 149123101 |  | 693582 | 979 | SH |  | SOLE |  | 900 | 0 | 79 |
| Charles Schwab Corp (New) | COM | 808513105 |  | 1387803 | 14767 | SH |  | SOLE |  | 13542 | 0 | 1225 |
| Chevron Corp | COM | 166764100 |  | 1165468 | 5633 | SH |  | SOLE |  | 3483 | 0 | 2150 |
| Chevron Corp | COM | 166764100 |  | 2786322 | 13467 | SH |  | OTR |  | 225 | 0 | 13242 |
| Cisco Systems | COM | 17275R102 |  | 2734660 | 35245 | SH |  | SOLE |  | 30476 | 0 | 4769 |
| Cisco Systems | COM | 17275R102 |  | 174577 | 2250 | SH |  | OTR |  | 2250 | 0 | 0 |
| Coca Cola Co | COM | 191216100 |  | 527073 | 6931 | SH |  | SOLE |  | 4553 | 0 | 2378 |
| ConocoPhillips Com | COM | 20825C104 |  | 597828 | 4529 | SH |  | SOLE |  | 4529 | 0 | 0 |
| Costco Wholesale | COM | 22160K105 |  | 23573489 | 23658 | SH |  | SOLE |  | 18824 | 0 | 4834 |
| Costco Wholesale | COM | 22160K105 |  | 662626 | 665 | SH |  | OTR |  | 75 | 0 | 590 |
| Credo Technology Group Ord Shs | COM | G25457105 |  | 7908547 | 84250 | SH |  | SOLE |  | 64225 | 0 | 20025 |
| Credo Technology Group Ord Shs | COM | G25457105 |  | 525672 | 5600 | SH |  | OTR |  | 500 | 0 | 5100 |
| Deere  Co. | COM | 244199105 |  | 605547 | 1075 | SH |  | SOLE |  | 1000 | 0 | 75 |
| Edwards Lifesciences Inc. | COM | 28176E108 |  | 842842 | 10525 | SH |  | SOLE |  | 5225 | 0 | 5300 |
| Energy Transfer L P Com UT Ltd | COM | 29273V100 |  | 69480 | 3600 | SH |  | OTR |  | 3600 | 0 | 0 |
| Etsy Inc Com | COM | 29786A106 |  | 17493 | 350 | SH |  | SOLE |  | 350 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 1235634 | 7283 | SH |  | SOLE |  | 7200 | 0 | 83 |
| Franco Nevada Corp | COM | 351858105 |  | 74115 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| GE Aerospace | COM | 369604103 |  | 85131 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| GE Aerospace | COM | 369604103 |  | 269298 | 949 | SH |  | OTR |  | 0 | 0 | 949 |
| GE Vernova Inc | COM | 36828A101 |  | 87290 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| GE Vernova Inc | COM | 36828A101 |  | 206877 | 237 | SH |  | OTR |  | 0 | 0 | 237 |
| Generac Hldgs Inc. | COM | 368736104 |  | 11210184 | 57391 | SH |  | SOLE |  | 43019 | 0 | 14372 |
| Generac Hldgs Inc. | COM | 368736104 |  | 849685 | 4350 | SH |  | OTR |  | 350 | 0 | 4000 |
| Gilead Sciences Inc. | COM | 375558103 |  | 758730 | 5444 | SH |  | SOLE |  | 3770 | 0 | 1674 |
| Gilead Sciences Inc. | COM | 375558103 |  | 83622 | 600 | SH |  | OTR |  | 600 | 0 | 0 |
| HIMS  HERS Health Inc Com CL | COM | 433000106 |  | 6735478 | 324445 | SH |  | SOLE |  | 241250 | 0 | 83195 |
| HIMS  HERS Health Inc Com CL | COM | 433000106 |  | 198258 | 9550 | SH |  | OTR |  | 1800 | 0 | 7750 |
| Hexcel Corp | COM | 428291108 |  | 1289296 | 15931 | SH |  | SOLE |  | 8458 | 0 | 7473 |
| Hexcel Corp | COM | 428291108 |  | 396557 | 4900 | SH |  | OTR |  | 1100 | 0 | 3800 |
| Home Depot Inc | COM | 437076102 |  | 3903924 | 11870 | SH |  | SOLE |  | 10340 | 0 | 1530 |
| Home Depot Inc | COM | 437076102 |  | 287779 | 875 | SH |  | OTR |  | 325 | 0 | 550 |
| Honeywell Intl Inc | COM | 438516106 |  | 242530 | 1073 | SH |  | SOLE |  | 590 | 0 | 483 |
| Honeywell Intl Inc | COM | 438516106 |  | 67809 | 300 | SH |  | OTR |  | 300 | 0 | 0 |
| Int'l Bus Mach | COM | 459200101 |  | 581736 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| Int'l Bus Mach | COM | 459200101 |  | 145434 | 600 | SH |  | OTR |  | 300 | 0 | 300 |
| Intel Corp | COM | 458140100 |  | 286139 | 6484 | SH |  | SOLE |  | 400 | 0 | 6084 |
| Intel Corp | COM | 458140100 |  | 70608 | 1600 | SH |  | OTR |  | 1600 | 0 | 0 |
| Intercontinental Exchange Grou | COM | 45866F104 |  | 12829801 | 81573 | SH |  | SOLE |  | 59592 | 0 | 21981 |
| Intercontinental Exchange Grou | COM | 45866F104 |  | 1045912 | 6650 | SH |  | OTR |  | 0 | 0 | 6650 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 1618762 | 5503 | SH |  | SOLE |  | 4863 | 0 | 640 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 764816 | 2600 | SH |  | OTR |  | 400 | 0 | 2200 |
| Johnson  Johnson | COM | 478160104 |  | 11087823 | 45360 | SH |  | SOLE |  | 34131 | 0 | 11229 |
| Johnson  Johnson | COM | 478160104 |  | 592767 | 2425 | SH |  | OTR |  | 825 | 0 | 1600 |
| Kimco Realty Corp Com | COM | 49446R109 |  | 620172 | 27600 | SH |  | SOLE |  | 27600 | 0 | 0 |
| Kinsale Cap Group Inc. | COM | 49714P108 |  | 7160169 | 20957 | SH |  | SOLE |  | 15380 | 0 | 5577 |
| Kinsale Cap Group Inc. | COM | 49714P108 |  | 495407 | 1450 | SH |  | OTR |  | 100 | 0 | 1350 |
| Lilly Eli  Co Com | COM | 532457108 |  | 209200 | 227 | SH |  | SOLE |  | 227 | 0 | 0 |
| Lumentum Holdings Inc. Com | COM | 55024U109 |  | 365435 | 520 | SH |  | SOLE |  | 305 | 0 | 215 |
| Mattel Inc Com | COM | 577081102 |  | 14530 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| Mattel Inc Com | COM | 577081102 |  | 69744 | 4800 | SH |  | OTR |  | 0 | 0 | 4800 |
| McDonalds Corp | COM | 580135101 |  | 247803 | 797 | SH |  | SOLE |  | 797 | 0 | 0 |
| McKesson Corp | COM | 58155Q103 |  | 207686 | 240 | SH |  | SOLE |  | 0 | 0 | 240 |
| Medtronic PLC Shs | COM | G5960L103 |  | 51990 | 600 | SH |  | OTR |  | 600 | 0 | 0 |
| Meta Platforms Inc Cl A | COM | 30303M102 |  | 57213 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 2319115 | 6265 | SH |  | SOLE |  | 2696 | 0 | 3569 |
| Microsoft Corp | COM | 594918104 |  | 37017 | 100 | SH |  | OTR |  | 0 | 0 | 100 |
| Nestle SA Spons ADR (For Reg) | COM | 641069406 |  | 565545 | 5795 | SH |  | SOLE |  | 5600 | 0 | 195 |
| Nestle SA Spons ADR (For Reg) | COM | 641069406 |  | 73194 | 750 | SH |  | OTR |  | 750 | 0 | 0 |
| Netflix Inc Com | COM | 64110L106 |  | 74516 | 775 | SH |  | SOLE |  | 725 | 0 | 50 |
| NextEra Energy Inc | COM | 65339F101 |  | 1172610 | 12625 | SH |  | SOLE |  | 7700 | 0 | 4925 |
| NextEra Energy Inc | COM | 65339F101 |  | 61301 | 660 | SH |  | OTR |  | 660 | 0 | 0 |
| Nike Inc. Cl B | COM | 654106103 |  | 6602 | 125 | SH |  | OTR |  | 0 | 0 | 125 |
| Norfolk Southern Corp | COM | 655844108 |  | 229600 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| Novo-Nordisk A/S ADR | COM | 670100205 |  | 16537 | 450 | SH |  | OTR |  | 450 | 0 | 0 |
| Palo Alto Networks Inc. Com | COM | 697435105 |  | 9748258 | 60805 | SH |  | SOLE |  | 46480 | 0 | 14325 |
| Palo Alto Networks Inc. Com | COM | 697435105 |  | 701400 | 4375 | SH |  | OTR |  | 400 | 0 | 3975 |
| Panasonic Hldgs Corp Unspons A | COM | 69832A304 |  | 7557 | 465 | SH |  | SOLE |  | 465 | 0 | 0 |
| Pepsico Inc | COM | 713448108 |  | 8513141 | 54821 | SH |  | SOLE |  | 41794 | 0 | 13027 |
| Pepsico Inc | COM | 713448108 |  | 590102 | 3800 | SH |  | OTR |  | 500 | 0 | 3300 |
| Pfizer Inc | COM | 717081103 |  | 256370 | 9130 | SH |  | OTR |  | 0 | 0 | 9130 |
| Philip Morris Intl Inc Com | COM | 718172109 |  | 31415 | 190 | SH |  | SOLE |  | 0 | 0 | 190 |
| Pinterest Inc Cl A | COM | 72352L106 |  | 7336 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| Procter  Gamble Co. | COM | 742718109 |  | 1726916 | 11956 | SH |  | SOLE |  | 6757 | 0 | 5199 |
| Procter  Gamble Co. | COM | 742718109 |  | 1124321 | 7784 | SH |  | OTR |  | 300 | 0 | 7484 |
| Raytheon Tech | COM | 75513E101 |  | 125385 | 650 | SH |  | SOLE |  | 250 | 0 | 400 |
| ReInsurance Group Amer | COM | 759351604 |  | 51040 | 250 | SH |  | SOLE |  | 0 | 0 | 250 |
| Regeneron Pharmaceutical Com | COM | 75886F107 |  | 203204 | 263 | SH |  | SOLE |  | 0 | 0 | 263 |
| Repligen Corp | COM | 759916109 |  | 6050646 | 51355 | SH |  | SOLE |  | 40995 | 0 | 10360 |
| Repligen Corp | COM | 759916109 |  | 367009 | 3115 | SH |  | OTR |  | 840 | 0 | 2275 |
| Rithm Capital Corp | COM | 64828T201 |  | 42660 | 4500 | SH |  | OTR |  | 4500 | 0 | 0 |
| Roper Technologies Inc | COM | 776696106 |  | 8837300 | 24974 | SH |  | SOLE |  | 19135 | 0 | 5839 |
| Roper Technologies Inc | COM | 776696106 |  | 716566 | 2025 | SH |  | OTR |  | 200 | 0 | 1825 |
| Salesforce.com Inc | COM | 79466L302 |  | 1996062 | 10693 | SH |  | SOLE |  | 5858 | 0 | 4835 |
| Salesforce.com Inc | COM | 79466L302 |  | 224004 | 1200 | SH |  | OTR |  | 300 | 0 | 900 |
| ServiceNow Inc | COM | 81762P102 |  | 9788494 | 93625 | SH |  | SOLE |  | 70775 | 0 | 22850 |
| ServiceNow Inc | COM | 81762P102 |  | 679575 | 6500 | SH |  | OTR |  | 400 | 0 | 6100 |
| Shell PLC Spons ADS | COM | 780259305 |  | 409200 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| State St SPDR S 500 ETF | COM | 78462F103 |  | 33818 | 52 | SH |  | SOLE |  | 0 | 0 | 52 |
| State Street Corp | COM | 857477103 |  | 132888 | 1050 | SH |  | SOLE |  | 0 | 0 | 1050 |
| TE Connectivity PLC Ord Shs | COM | G87052109 |  | 50165 | 240 | SH |  | SOLE |  | 0 | 0 | 240 |
| TJX Cos Inc | COM | 872540109 |  | 72663 | 455 | SH |  | SOLE |  | 0 | 0 | 455 |
| Taiwan Semiconductor ADR | COM | 874039100 |  | 3379 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Take-Two Interactive S Com | COM | 874054109 |  | 59250 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| Tesla Inc Com | COM | 88160R101 |  | 167287 | 450 | SH |  | SOLE |  | 450 | 0 | 0 |
| Thermo Fisher Scientific | COM | 883556102 |  | 245765 | 500 | SH |  | OTR |  | 0 | 0 | 500 |
| Union Pac Corp | COM | 907818108 |  | 30085 | 124 | SH |  | SOLE |  | 124 | 0 | 0 |
| Unitedhealth Group Inc. | COM | 91324P102 |  | 9190319 | 33964 | SH |  | SOLE |  | 25825 | 0 | 8139 |
| Unitedhealth Group Inc. | COM | 91324P102 |  | 699475 | 2585 | SH |  | OTR |  | 400 | 0 | 2185 |
| V F Corp | COM | 918204108 |  | 25060 | 1475 | SH |  | SOLE |  | 1475 | 0 | 0 |
| Verisign Inc. Com. | COM | 92343E102 |  | 1232362 | 4962 | SH |  | SOLE |  | 4899 | 0 | 63 |
| Verizon Communications | COM | 92343V104 |  | 130871 | 2607 | SH |  | SOLE |  | 2607 | 0 | 0 |
| Verizon Communications | COM | 92343V104 |  | 60240 | 1200 | SH |  | OTR |  | 1200 | 0 | 0 |
| Vertex Pharmaceuticals Com | COM | 92532F100 |  | 261226 | 585 | SH |  | SOLE |  | 560 | 0 | 25 |
| Visa Inc Cl A | COM | 92826C839 |  | 11643192 | 38523 | SH |  | SOLE |  | 27515 | 0 | 11008 |
| Visa Inc Cl A | COM | 92826C839 |  | 982280 | 3250 | SH |  | OTR |  | 200 | 0 | 3050 |
| WalMart Inc | COM | 931142103 |  | 932100 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| Wells Fargo Co New Com | COM | 949746101 |  | 350284 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| Woodward Inc | COM | 980745103 |  | 5257487 | 14689 | SH |  | SOLE |  | 9425 | 0 | 5264 |
| Woodward Inc | COM | 980745103 |  | 680048 | 1900 | SH |  | OTR |  | 300 | 0 | 1600 |
| Zoetis Inc Cl A | COM | 98978V103 |  | 5556 | 47 | SH |  | SOLE |  | 47 | 0 | 0 |
| Zoetis Inc Cl A | COM | 98978V103 |  | 121520 | 1028 | SH |  | OTR |  | 0 | 0 | 1028 |
| JG Boswell Co | PRIV EQS | 101205102 |  | 1705000 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |

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