# EDGAR Filing Document

**Accession Number:** 0001654599
**File Stem:** 0001172661-25-002601
**Filing Date:** 2025-7
**Character Count:** 28580
**Document Hash:** 38627391136a76faed4a341e2b3c29b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-002601.hdr.sgml**: 20250715

**ACCESSION NUMBER**: 0001172661-25-002601

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250715

**DATE AS OF CHANGE**: 20250715

**EFFECTIVENESS DATE**: 20250715

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BEACON INVESTMENT ADVISORY SERVICES, INC.
- **CENTRAL INDEX KEY:** 0001654599

**ORGANIZATION NAME:**
- **EIN:** 473297514
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17047
- **FILM NUMBER:** 251125191

**BUSINESS ADDRESS:**
- **STREET 1:** 163 MADISON AVE
- **STREET 2:** SUITE 600
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960
- **BUSINESS PHONE:** 866-377-8090

**MAIL ADDRESS:**
- **STREET 1:** 163 MADISON AVE
- **STREET 2:** SUITE 600
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960

### 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:** BEACON INVESTMENT ADVISORY SERVICES INC.<br>**Address:** 163 Madison Ave<br>Suite 600<br>Morristown, NJ 07960

**Form 13F File Number:** 028-17047

**CRD Number (if applicable):** 000226547

**SEC File Number (if applicable):** 801-96256

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:** Tom Mathew<br>**Title:** Chief Compliance Officer<br>**Phone:** 732-986-4286

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

/s/ Tom Mathew  Morristown, NJ  07-15-2025<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:** 250

**Form 13F Information Table Value Total:** $2265517900

      (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 |  | 441439 | 2900 | SH |  | SOLE |  | 1616 | 0 | 1284 |
| ABBOTT LABS | COM | 002824100 |  | 1949432 | 14333 | SH |  | SOLE |  | 13361 | 0 | 972 |
| ABBVIE INC | COM | 00287Y109 |  | 15238376 | 82094 | SH |  | SOLE |  | 52628 | 0 | 29466 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4754465 | 15907 | SH |  | SOLE |  | 13365 | 0 | 2542 |
| ACUITY INC | COM | 00508Y102 |  | 364274 | 1221 | SH |  | SOLE |  | 1191 | 0 | 30 |
| ADAPTHEALTH CORP | COMMON STOCK | 00653Q102 |  | 96856 | 10271 | SH |  | SOLE |  | 10271 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 14599691 | 37737 | SH |  | SOLE |  | 35173 | 0 | 2564 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 24359690 | 171668 | SH |  | SOLE |  | 108619 | 0 | 63049 |
| AES CORP | COM | 00130H105 |  | 140432 | 13349 | SH |  | SOLE |  | 13018 | 0 | 331 |
| AFLAC INC | COM | 001055102 |  | 453057 | 4296 | SH |  | SOLE |  | 4219 | 0 | 77 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 308831 | 3872 | SH |  | SOLE |  | 3786 | 0 | 86 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 368815 | 1948 | SH |  | SOLE |  | 1902 | 0 | 46 |
| ALLSTATE CORP | COM | 020002101 |  | 5627500 | 27954 | SH |  | SOLE |  | 23099 | 0 | 4855 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 420657 | 1290 | SH |  | SOLE |  | 1290 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 39793248 | 225803 | SH |  | SOLE |  | 208533 | 0 | 17270 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5863047 | 33052 | SH |  | SOLE |  | 25934 | 0 | 7118 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 420801 | 7177 | SH |  | SOLE |  | 3500 | 0 | 3677 |
| AMAZON COM INC | COM | 023135106 |  | 10315938 | 47021 | SH |  | SOLE |  | 41518 | 0 | 5503 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1592564 | 4993 | SH |  | SOLE |  | 4450 | 0 | 543 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 332946 | 3890 | SH |  | SOLE |  | 3401 | 0 | 489 |
| AMGEN INC | COM | 031162100 |  | 14641966 | 52441 | SH |  | SOLE |  | 32683 | 0 | 19758 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1028679 | 10417 | SH |  | SOLE |  | 9578 | 0 | 839 |
| ANALOG DEVICES INC | COM | 032654105 |  | 35133400 | 147607 | SH |  | SOLE |  | 95331 | 0 | 52276 |
| AON PLC | SHS CL A | G0403H108 |  | 227970 | 639 | SH |  | SOLE |  | 639 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 7967136 | 56158 | SH |  | SOLE |  | 47783 | 0 | 8375 |
| APPLE INC | COM | 037833100 |  | 61272689 | 298644 | SH |  | SOLE |  | 263124 | 0 | 35520 |
| APPLIED MATLS INC | COM | 038222105 |  | 21053391 | 115002 | SH |  | SOLE |  | 101511 | 0 | 13491 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 405992 | 4459 | SH |  | SOLE |  | 4459 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 220369 | 10035 | SH |  | SOLE |  | 10035 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 757750 | 4375 | SH |  | SOLE |  | 4375 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 356272 | 1804 | SH |  | SOLE |  | 1759 | 0 | 45 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 565120 | 8087 | SH |  | SOLE |  | 7450 | 0 | 637 |
| AT INC | COM | 00206R102 |  | 1114546 | 38512 | SH |  | SOLE |  | 32270 | 0 | 6242 |
| AUTODESK INC | COM | 052769106 |  | 534855 | 1728 | SH |  | SOLE |  | 0 | 0 | 1728 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 7885500 | 25569 | SH |  | SOLE |  | 19469 | 0 | 6100 |
| BANK AMERICA CORP | COM | 060505104 |  | 641754 | 13562 | SH |  | SOLE |  | 9593 | 0 | 3969 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1053870 | 11567 | SH |  | SOLE |  | 11567 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 728800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4057637 | 8353 | SH |  | SOLE |  | 7670 | 0 | 683 |
| BIOGEN INC | COM | 09062X103 |  | 1623879 | 12930 | SH |  | SOLE |  | 6780 | 0 | 6150 |
| BLACKSTONE INC | COM | 09260D107 |  | 1402014 | 9373 | SH |  | SOLE |  | 7423 | 0 | 1950 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 44345628 | 7660 | SH |  | SOLE |  | 7222 | 0 | 438 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 790108 | 7356 | SH |  | SOLE |  | 7227 | 0 | 129 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 373254 | 8063 | SH |  | SOLE |  | 7651 | 0 | 412 |
| BROADCOM INC | COM | 11135F101 |  | 23188075 | 84121 | SH |  | SOLE |  | 70425 | 0 | 13696 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 1276934 | 47452 | SH |  | SOLE |  | 27273 | 0 | 20179 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 231175 | 5854 | SH |  | SOLE |  | 5854 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 382032 | 2274 | SH |  | SOLE |  | 2262 | 0 | 12 |
| CATERPILLAR INC | COM | 149123101 |  | 10455680 | 26933 | SH |  | SOLE |  | 20271 | 0 | 6662 |
| CHEVRON CORP NEW | COM | 166764100 |  | 7560710 | 52802 | SH |  | SOLE |  | 42400 | 0 | 10402 |
| CHUBB LIMITED | COM | H1467J104 |  | 8170684 | 28202 | SH |  | SOLE |  | 21410 | 0 | 6792 |
| CISCO SYS INC | COM | 17275R102 |  | 11689012 | 168478 | SH |  | SOLE |  | 131927 | 0 | 36551 |
| CITIGROUP INC | COM NEW | 172967424 |  | 374784 | 4403 | SH |  | SOLE |  | 2426 | 0 | 1977 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 216009 | 4827 | SH |  | SOLE |  | 0 | 0 | 4827 |
| COCA COLA CO | COM | 191216100 |  | 812688 | 11487 | SH |  | SOLE |  | 6334 | 0 | 5153 |
| COGNEX CORP | COM | 192422103 |  | 3155347 | 99475 | SH |  | SOLE |  | 45410 | 0 | 54065 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 625211 | 6878 | SH |  | SOLE |  | 6878 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 896116 | 25108 | SH |  | SOLE |  | 21394 | 0 | 3714 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 272784 | 13326 | SH |  | SOLE |  | 13024 | 0 | 302 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 953398 | 10624 | SH |  | SOLE |  | 9260 | 0 | 1364 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 229160 | 710 | SH |  | SOLE |  | 710 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 838548 | 15945 | SH |  | SOLE |  | 14945 | 0 | 1000 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2363588 | 2388 | SH |  | SOLE |  | 1804 | 0 | 584 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1972558 | 3873 | SH |  | SOLE |  | 3608 | 0 | 265 |
| DANAHER CORPORATION | COM | 235851102 |  | 19241014 | 97403 | SH |  | SOLE |  | 61383 | 0 | 36020 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 11263382 | 51674 | SH |  | SOLE |  | 41398 | 0 | 10276 |
| DEERE  CO | COM | 244199105 |  | 671207 | 1320 | SH |  | SOLE |  | 1300 | 0 | 20 |
| DEXCOM INC | COM | 252131107 |  | 30166552 | 345590 | SH |  | SOLE |  | 239144 | 0 | 106446 |
| DISNEY WALT CO | COM | 254687106 |  | 11178550 | 90142 | SH |  | SOLE |  | 84231 | 0 | 5911 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 603698 | 5278 | SH |  | SOLE |  | 5150 | 0 | 128 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 6575575 | 55725 | SH |  | SOLE |  | 44144 | 0 | 11581 |
| EATON CORP PLC | SHS | G29183103 |  | 19561268 | 54795 | SH |  | SOLE |  | 42323 | 0 | 12472 |
| EATON VANCE TAX-MANAGED DIVE | COM | 27828N102 |  | 154700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 |  | 130332 | 14895 | SH |  | SOLE |  | 14895 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 17539110 | 22500 | SH |  | SOLE |  | 20446 | 0 | 2054 |
| EMERSON ELEC CO | COM | 291011104 |  | 812647 | 6095 | SH |  | SOLE |  | 5970 | 0 | 125 |
| ENBRIDGE INC | COM | 29250N105 |  | 6913249 | 152543 | SH |  | SOLE |  | 120436 | 0 | 32107 |
| EQUINIX INC | COM | 29444U700 |  | 5621802 | 7067 | SH |  | SOLE |  | 5768 | 0 | 1299 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 239290 | 4503 | SH |  | SOLE |  | 4053 | 0 | 450 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 296822 | 2598 | SH |  | SOLE |  | 2534 | 0 | 64 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3234646 | 30006 | SH |  | SOLE |  | 20350 | 0 | 9656 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 386450 | 864 | SH |  | SOLE |  | 864 | 0 | 0 |
| FIDELITY COVINGTON TRUST | ENHANCED LARGE | 31609A305 |  | 371078 | 10021 | SH |  | SOLE |  | 10021 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 328965 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| FORTINET INC | COM | 34959E109 |  | 28979861 | 274119 | SH |  | SOLE |  | 258197 | 0 | 15922 |
| GABELLI EQUITY TR INC | COM | 362397101 |  | 110580 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1267941 | 4926 | SH |  | SOLE |  | 2311 | 0 | 2615 |
| GE VERNOVA INC | COM | 36828A101 |  | 657205 | 1242 | SH |  | SOLE |  | 495 | 0 | 747 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 10741889 | 96887 | SH |  | SOLE |  | 81063 | 0 | 15824 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 406509 | 574 | SH |  | SOLE |  | 282 | 0 | 292 |
| GRAINGER W W INC | COM | 384802104 |  | 2074239 | 1994 | SH |  | SOLE |  | 1141 | 0 | 853 |
| HASBRO INC | COM | 418056107 |  | 393387 | 5329 | SH |  | SOLE |  | 5193 | 0 | 136 |
| HENRY SCHEIN INC | COM | 806407102 |  | 760086 | 10405 | SH |  | SOLE |  | 5924 | 0 | 4481 |
| HOME DEPOT INC | COM | 437076102 |  | 29703487 | 81015 | SH |  | SOLE |  | 72162 | 0 | 8853 |
| HONEYWELL INTL INC | COM | 438516106 |  | 19421495 | 83397 | SH |  | SOLE |  | 59340 | 0 | 24057 |
| HUBBELL INC | COM | 443510607 |  | 222584 | 545 | SH |  | SOLE |  | 70 | 0 | 475 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 223545 | 13338 | SH |  | SOLE |  | 13338 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 26079533 | 48625 | SH |  | SOLE |  | 30980 | 0 | 17645 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 31857400 | 128847 | SH |  | SOLE |  | 103120 | 0 | 25727 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 2880432 | 15974 | SH |  | SOLE |  | 0 | 0 | 15974 |
| INSULET CORP | COM | 45784P101 |  | 27845774 | 88630 | SH |  | SOLE |  | 61050 | 0 | 27580 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1180000 | 4003 | SH |  | SOLE |  | 3870 | 0 | 133 |
| INTUIT | COM | 461202103 |  | 33514816 | 42551 | SH |  | SOLE |  | 40042 | 0 | 2509 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 32221496 | 59295 | SH |  | SOLE |  | 52201 | 0 | 7094 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 3903600 | 77854 | SH |  | SOLE |  | 48611 | 0 | 29243 |
| INVESCO LTD | SHS | G491BT108 |  | 238490 | 15123 | SH |  | SOLE |  | 14795 | 0 | 328 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1630562 | 2956 | SH |  | SOLE |  | 2065 | 0 | 891 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 57367334 | 919938 | SH |  | SOLE |  | 765561 | 0 | 154377 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 235395 | 2009 | SH |  | SOLE |  | 2009 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 513527 | 5819 | SH |  | SOLE |  | 0 | 0 | 5819 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 435004 | 2306 | SH |  | SOLE |  | 2306 | 0 | 0 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 830058 | 18029 | SH |  | SOLE |  | 16243 | 0 | 1786 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 92039078 | 842155 | SH |  | SOLE |  | 726429 | 0 | 115726 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 272727 | 777 | SH |  | SOLE |  | 100 | 0 | 677 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 2668927 | 64576 | SH |  | SOLE |  | 62419 | 0 | 2157 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 2438137 | 48080 | SH |  | SOLE |  | 40480 | 0 | 7600 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 5956624 | 46319 | SH |  | SOLE |  | 46319 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 56803072 | 685531 | SH |  | SOLE |  | 613886 | 0 | 71645 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 734578 | 3782 | SH |  | SOLE |  | 1651 | 0 | 2131 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 946364 | 15259 | SH |  | SOLE |  | 9525 | 0 | 5734 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 209961 | 1907 | SH |  | SOLE |  | 1907 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 271997 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 26712209 | 269276 | SH |  | SOLE |  | 227929 | 0 | 41347 |
| ISHARES TR | CORE S ETF | 464287200 |  | 27169583 | 43758 | SH |  | SOLE |  | 37536 | 0 | 6222 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 5958394 | 27612 | SH |  | SOLE |  | 27061 | 0 | 551 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 26225687 | 517476 | SH |  | SOLE |  | 415341 | 0 | 102135 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 7080477 | 139051 | SH |  | SOLE |  | 58332 | 0 | 80719 |
| J P MORGAN EXCHANGE TRADED F | JPMORGAN DIVER | 46641Q407 |  | 481876 | 4077 | SH |  | SOLE |  | 4077 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 499379 | 3799 | SH |  | SOLE |  | 3716 | 0 | 83 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 8748227 | 159960 | SH |  | SOLE |  | 127847 | 0 | 32113 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 16937476 | 110884 | SH |  | SOLE |  | 83103 | 0 | 27781 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 328479 | 3110 | SH |  | SOLE |  | 1683 | 0 | 1427 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 73995845 | 255237 | SH |  | SOLE |  | 220695 | 0 | 34542 |
| KENVUE INC | COM | 49177J102 |  | 5853750 | 279682 | SH |  | SOLE |  | 218431 | 0 | 61251 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 264858 | 2054 | SH |  | SOLE |  | 1964 | 0 | 90 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 354212 | 12048 | SH |  | SOLE |  | 12048 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 270026 | 2225 | SH |  | SOLE |  | 2225 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 223007 | 4301 | SH |  | SOLE |  | 4188 | 0 | 113 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 631260 | 1363 | SH |  | SOLE |  | 1338 | 0 | 25 |
| LOEWS CORP | COM | 540424108 |  | 486440 | 5307 | SH |  | SOLE |  | 5196 | 0 | 111 |
| LOWES COS INC | COM | 548661107 |  | 1929826 | 8698 | SH |  | SOLE |  | 5341 | 0 | 3357 |
| M  T BK CORP | COM | 55261F104 |  | 538517 | 2776 | SH |  | SOLE |  | 2745 | 0 | 31 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 69108118 | 122981 | SH |  | SOLE |  | 97955 | 0 | 25026 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 268555 | 3542 | SH |  | SOLE |  | 3542 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 818668 | 2802 | SH |  | SOLE |  | 1666 | 0 | 1136 |
| MERCK  CO INC | COM | 58933Y105 |  | 2462353 | 31106 | SH |  | SOLE |  | 21628 | 0 | 9478 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1387610 | 1880 | SH |  | SOLE |  | 943 | 0 | 937 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 17231968 | 14669 | SH |  | SOLE |  | 13327 | 0 | 1342 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 396372 | 3216 | SH |  | SOLE |  | 2345 | 0 | 871 |
| MICROSOFT CORP | COM | 594918104 |  | 78615465 | 158050 | SH |  | SOLE |  | 136779 | 0 | 21271 |
| MIDDLEBY CORP | COM | 596278101 |  | 210672 | 1463 | SH |  | SOLE |  | 1463 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 335582 | 4976 | SH |  | SOLE |  | 3333 | 0 | 1643 |
| MOODYS CORP | COM | 615369105 |  | 1947674 | 3883 | SH |  | SOLE |  | 3548 | 0 | 335 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 44672616 | 317142 | SH |  | SOLE |  | 280910 | 0 | 36232 |
| NEOGEN CORP | COM | 640491106 |  | 82828 | 17328 | SH |  | SOLE |  | 9996 | 0 | 7332 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 7823634 | 112700 | SH |  | SOLE |  | 94197 | 0 | 18503 |
| NIKE INC | CL B | 654106103 |  | 518798 | 7303 | SH |  | SOLE |  | 7127 | 0 | 176 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 352983 | 1379 | SH |  | SOLE |  | 1345 | 0 | 34 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 8052036 | 16105 | SH |  | SOLE |  | 15405 | 0 | 700 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 613158 | 5067 | SH |  | SOLE |  | 4052 | 0 | 1015 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 13332111 | 193163 | SH |  | SOLE |  | 98579 | 0 | 94584 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 49908253 | 315895 | SH |  | SOLE |  | 286430 | 0 | 29465 |
| NVR INC | COM | 62944T105 |  | 17208588 | 2330 | SH |  | SOLE |  | 2193 | 0 | 137 |
| OCULAR THERAPEUTIX INC | COM | 67576A100 |  | 129920 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 318521 | 3902 | SH |  | SOLE |  | 3902 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1857325 | 8495 | SH |  | SOLE |  | 6747 | 0 | 1748 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 5653040 | 102596 | SH |  | SOLE |  | 92135 | 0 | 10461 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 231744 | 1700 | SH |  | SOLE |  | 1115 | 0 | 585 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 35505450 | 173502 | SH |  | SOLE |  | 160705 | 0 | 12797 |
| PAYCHEX INC | COM | 704326107 |  | 980401 | 6740 | SH |  | SOLE |  | 6290 | 0 | 450 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 15154443 | 203908 | SH |  | SOLE |  | 188569 | 0 | 15339 |
| PEPSICO INC | COM | 713448108 |  | 5987122 | 45343 | SH |  | SOLE |  | 36777 | 0 | 8566 |
| PFIZER INC | COM | 717081103 |  | 610650 | 25192 | SH |  | SOLE |  | 19701 | 0 | 5491 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1032678 | 5670 | SH |  | SOLE |  | 3164 | 0 | 2506 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 8663403 | 86173 | SH |  | SOLE |  | 80492 | 0 | 5681 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 5620327 | 62818 | SH |  | SOLE |  | 52081 | 0 | 10737 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 749288 | 40900 | SH |  | SOLE |  | 3150 | 0 | 37750 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 893066 | 5605 | SH |  | SOLE |  | 4899 | 0 | 706 |
| PROVIDENT FINL SVCS INC | COM | 74386T105 |  | 2962506 | 168996 | SH |  | SOLE |  | 166996 | 0 | 2000 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 2254855 | 26786 | SH |  | SOLE |  | 26215 | 0 | 571 |
| PULTE GROUP INC | COM | 745867101 |  | 551134 | 5226 | SH |  | SOLE |  | 5109 | 0 | 117 |
| PURE CYCLE CORP | COM NEW | 746228303 |  | 151860 | 14166 | SH |  | SOLE |  | 14166 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 241145 | 2840 | SH |  | SOLE |  | 2772 | 0 | 68 |
| QUALCOMM INC | COM | 747525103 |  | 11844939 | 74375 | SH |  | SOLE |  | 61789 | 0 | 12586 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 12345384 | 23515 | SH |  | SOLE |  | 22006 | 0 | 1509 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 209268 | 630 | SH |  | SOLE |  | 450 | 0 | 180 |
| ROKU INC | COM CL A | 77543R102 |  | 361492 | 4113 | SH |  | SOLE |  | 1827 | 0 | 2286 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1620596 | 2859 | SH |  | SOLE |  | 2859 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 23017969 | 180420 | SH |  | SOLE |  | 170108 | 0 | 10312 |
| RTX CORPORATION | COM | 75513E101 |  | 11263594 | 77137 | SH |  | SOLE |  | 33000 | 0 | 44137 |
| SALESFORCE INC | COM | 79466L302 |  | 6538834 | 23979 | SH |  | SOLE |  | 12572 | 0 | 11407 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 652452 | 26696 | SH |  | SOLE |  | 11843 | 0 | 14853 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 634331 | 4395 | SH |  | SOLE |  | 4294 | 0 | 101 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 210199 | 830 | SH |  | SOLE |  | 728 | 0 | 102 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 396081 | 7563 | SH |  | SOLE |  | 4626 | 0 | 2937 |
| SERVICENOW INC | COM | 81762P102 |  | 1614086 | 1570 | SH |  | SOLE |  | 1463 | 0 | 107 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 24503196 | 71363 | SH |  | SOLE |  | 67666 | 0 | 3697 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 271073 | 2350 | SH |  | SOLE |  | 2000 | 0 | 350 |
| SNAP ON INC | COM | 833034101 |  | 5761498 | 18515 | SH |  | SOLE |  | 15315 | 0 | 3200 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 454585 | 5994 | SH |  | SOLE |  | 5542 | 0 | 452 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 5838521 | 57710 | SH |  | SOLE |  | 46109 | 0 | 11601 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 720923 | 2365 | SH |  | SOLE |  | 2365 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 21466117 | 34743 | SH |  | SOLE |  | 32648 | 0 | 2095 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 321055 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 388595 | 2863 | SH |  | SOLE |  | 2863 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 5214114 | 56904 | SH |  | SOLE |  | 19026 | 0 | 37878 |
| STATE STR CORP | COM | 857477103 |  | 204067 | 1919 | SH |  | SOLE |  | 1824 | 0 | 95 |
| STRYKER CORPORATION | COM | 863667101 |  | 25438896 | 64300 | SH |  | SOLE |  | 60504 | 0 | 3796 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 10453873 | 46156 | SH |  | SOLE |  | 37791 | 0 | 8365 |
| TESLA INC | COM | 88160R101 |  | 220139 | 693 | SH |  | SOLE |  | 693 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1230979 | 5929 | SH |  | SOLE |  | 5750 | 0 | 179 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 392978 | 372 | SH |  | SOLE |  | 0 | 0 | 372 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 14479277 | 201129 | SH |  | SOLE |  | 187096 | 0 | 14033 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1687178 | 4161 | SH |  | SOLE |  | 3415 | 0 | 746 |
| TJX COS INC NEW | COM | 872540109 |  | 35495248 | 287434 | SH |  | SOLE |  | 267736 | 0 | 19698 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 217633 | 2963 | SH |  | SOLE |  | 2963 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 281185 | 1051 | SH |  | SOLE |  | 505 | 0 | 546 |
| TRIMBLE INC | COM | 896239100 |  | 2347251 | 30893 | SH |  | SOLE |  | 20831 | 0 | 10062 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 289640 | 4735 | SH |  | SOLE |  | 1100 | 0 | 3635 |
| UNION PAC CORP | COM | 907818108 |  | 2203564 | 9577 | SH |  | SOLE |  | 9151 | 0 | 426 |
| UNITED RENTALS INC | COM | 911363109 |  | 424918 | 564 | SH |  | SOLE |  | 552 | 0 | 12 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6294689 | 20177 | SH |  | SOLE |  | 19074 | 0 | 1103 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 4053069 | 30152 | SH |  | SOLE |  | 24200 | 0 | 5952 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 681857 | 8664 | SH |  | SOLE |  | 2990 | 0 | 5674 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 9549612 | 129697 | SH |  | SOLE |  | 108242 | 0 | 21455 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 410622 | 1733 | SH |  | SOLE |  | 1483 | 0 | 250 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 553504 | 1978 | SH |  | SOLE |  | 1728 | 0 | 250 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 158822985 | 522564 | SH |  | SOLE |  | 486137 | 0 | 36427 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 403237 | 920 | SH |  | SOLE |  | 334 | 0 | 586 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 7615304 | 13407 | SH |  | SOLE |  | 13200 | 0 | 207 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 2513599 | 37394 | SH |  | SOLE |  | 37130 | 0 | 264 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 10958803 | 221569 | SH |  | SOLE |  | 208270 | 0 | 13299 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 221868 | 2032 | SH |  | SOLE |  | 0 | 0 | 2032 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 57886735 | 728135 | SH |  | SOLE |  | 661937 | 0 | 66198 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 19933835 | 97395 | SH |  | SOLE |  | 81196 | 0 | 16199 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 47686920 | 836466 | SH |  | SOLE |  | 645232 | 0 | 191234 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 602600 | 9200 | SH |  | SOLE |  | 0 | 0 | 9200 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 1042771 | 1572 | SH |  | SOLE |  | 1572 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 1670319 | 16546 | SH |  | SOLE |  | 8021 | 0 | 8525 |
| VERISIGN INC | COM | 92343E102 |  | 333853 | 1156 | SH |  | SOLE |  | 1123 | 0 | 33 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 651586 | 15059 | SH |  | SOLE |  | 11586 | 0 | 3473 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 34294202 | 77031 | SH |  | SOLE |  | 72568 | 0 | 4463 |
| VIATRIS INC | COM | 92556V106 |  | 417701 | 46775 | SH |  | SOLE |  | 45386 | 0 | 1389 |
| VISA INC | COM CL A | 92826C839 |  | 484676 | 1365 | SH |  | SOLE |  | 1064 | 0 | 301 |
| VONTIER CORPORATION | COM | 928881101 |  | 337746 | 9153 | SH |  | SOLE |  | 8947 | 0 | 206 |
| WALMART INC | COM | 931142103 |  | 778678 | 7964 | SH |  | SOLE |  | 4475 | 0 | 3489 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 6289805 | 27488 | SH |  | SOLE |  | 22905 | 0 | 4583 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 3297624 | 20185 | SH |  | SOLE |  | 2785 | 0 | 17400 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 269829 | 5195 | SH |  | SOLE |  | 5088 | 0 | 107 |
| ZOETIS INC | CL A | 98978V103 |  | 22240533 | 142613 | SH |  | SOLE |  | 128032 | 0 | 14581 |

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