# EDGAR Filing Document

**Accession Number:** 0001390003
**File Stem:** 0001104659-23-017661
**Filing Date:** 2023-2
**Character Count:** 17398
**Document Hash:** 8df312be726a57f8482cf925a242b300
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-017661.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001104659-23-017661

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**EFFECTIVENESS DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Southeast Asset Advisors Inc.
- **CENTRAL INDEX KEY:** 0001390003
- **IRS NUMBER:** 581961109
- **STATE OF INCORPORATION:** GA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12363
- **FILM NUMBER:** 23607226

**BUSINESS ADDRESS:**
- **STREET 1:** 314 GORDON AVENUE
- **CITY:** THOMASVILLE
- **STATE:** GA
- **ZIP:** 31792
- **BUSINESS PHONE:** 912-226-8839

**MAIL ADDRESS:**
- **STREET 1:** 314 GORDON AVENUE
- **CITY:** THOMASVILLE
- **STATE:** GA
- **ZIP:** 31792

### 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:** Southeast Asset Advisors Inc.<br>**Address:** 314 Gordon Avenue<br>Thomasville, GA 31792

**Form 13F File Number:** 028-12363

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:** Mark Saussy<br>**Title:** Chief Operating Officer<br>**Phone:** 229-226-8839

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

/s/ Mark C. Saussy  Thomasville, GA  02-09-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **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).)

[x] **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:** 134

**Form 13F Information Table Value Total:** $629587761

      (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.]

|   No. | Name                                    | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | SELECT EQUITY GROUP INC                 | 028-05395              |  |  |
|     2 | Cornerstone Investment Partners LLC     | 028-11408              |  |  |
|     3 | CARL DOMINO INC                         | 028-12146              |  |  |
|     4 | HARRIS ASSOCIATES L P                   | 028-02013              |  |  |
|     5 | Aull  Monroe Investment Management Corp | 028-12068              |  |  |
|     6 | BRISTOL JOHN W  CO INC /NY/             | 028-00030              |  |  |
|     7 | SOUTHEASTERN ASSET MANAGEMENT INC/TN/   | 028-01399              |  |  |
|     8 | Covey Capital Advisors LLC              | 028-15776              |  |  |
|     9 | PARAMETRIC PORTFOLIO ASSOCIATES LLC     | 028-04558              |  |  |
|    10 | SAWGRASS ASSET MANAGEMENT LLC           | 028-05505              |  |  |
|    11 | CONGRESS ASSET MANAGEMENT CO /MA        | 028-03434              |  |  |

### 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 |  | 360880 | 3287 | SH |  | SOLE |  | 3287 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1551230 | 9599 | SH |  | SOLE |  | 9599 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 9824051 | 136559 | SH |  | SOLE |  | 136559 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 56203712 | 633424 | SH |  | SOLE |  | 633424 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 380183 | 4309 | SH |  | SOLE |  | 4309 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1134756 | 13509 | SH |  | SOLE |  | 13509 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 282021 | 1074 | SH |  | SOLE |  | 1074 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 2876721 | 37782 | SH |  | SOLE |  | 37782 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 39064753 | 300660 | SH |  | SOLE |  | 300660 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 386380 | 20988 | SH |  | SOLE |  | 20988 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 376405 | 1576 | SH |  | SOLE |  | 1576 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 112607642 | 364544 | SH |  | SOLE |  | 364544 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 24372970 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 3195356 | 38554 | SH |  | SOLE |  | 38554 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 220968 | 1160 | SH |  | SOLE |  | 1160 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 415711 | 5778 | SH |  | SOLE |  | 5778 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 4967613 | 87197 | SH |  | SOLE |  | 87197 | 0 | 0 |
| CAMPING WORLD HLDGS INC | CL A | 13462K109 |  | 558000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 1003026 | 4187 | SH |  | SOLE |  | 4187 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 5918856 | 33144 | SH |  | SOLE |  | 33144 | 0 | 0 |
| CERIDIAN HCM HLDG INC | COM | 15677J108 |  | 5979871 | 93217 | SH |  | SOLE |  | 93217 | 0 | 0 |
| CHEVRON CORP | COM | 166764100 |  | 13173014 | 73391 | SH |  | SOLE |  | 73391 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 419114 | 8798 | SH |  | SOLE |  | 8798 | 0 | 0 |
| CNX RESOURCES CORPORATION | COM | 12653C108 |  | 31116026 | 1847745 | SH |  | SOLE |  | 1847745 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 7109812 | 111772 | SH |  | SOLE |  | 111772 | 0 | 0 |
| COMPASS DIVERSIFIED | SH BEN INT | 20451Q104 |  | 182300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| COMPUTER PROGRAMS  SYS INC | COM | 205306103 |  | 440753 | 16192 | SH |  | SOLE |  | 16192 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 1188337 | 61540 | SH |  | SOLE |  | 61540 | 0 | 0 |
| CORSAIR GAMING INC | COM | 22041X102 |  | 141237 | 10408 | SH |  | SOLE |  | 10408 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 639730 | 1401 | SH |  | SOLE |  | 1401 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 667118 | 21534 | SH |  | SOLE |  | 21534 | 0 | 0 |
| DANIMER SCIENTIFIC INC | COM CL A | 236272100 |  | 72828 | 40686 | SH |  | SOLE |  | 40686 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 1906464 | 13782 | SH |  | SOLE |  | 13782 | 0 | 0 |
| DAVIS FUNDAMENTAL ETF TR | SELECT WRLD WI | 23908L306 |  | 2674563 | 107585 | SH |  | SOLE |  | 107585 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 452777 | 1056 | SH |  | SOLE |  | 1056 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 1027162 | 11823 | SH |  | SOLE |  | 11823 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 1167274 | 4740 | SH |  | SOLE |  | 4740 | 0 | 0 |
| DOUBLELINE ETF TRUST | SHILLER CAPE U S | 25861R204 |  | 705873 | 33597 | SH |  | SOLE |  | 33597 | 0 | 0 |
| DUCKHORN PORTFOLIO INC | COM | 26414D106 |  | 479983 | 28967 | SH |  | SOLE |  | 28967 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 642553 | 4094 | SH |  | SOLE |  | 4094 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 3092962 | 47156 | SH |  | SOLE |  | 47156 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 212283 | 6275 | SH |  | SOLE |  | 6275 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7439825 | 67451 | SH |  | SOLE |  | 67451 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1225875 | 7078 | SH |  | SOLE |  | 7078 | 0 | 0 |
| FIRST REP BK SAN FRAN CALI N | COM | 33616C100 |  | 3862816 | 31691 | SH |  | SOLE |  | 31691 | 0 | 0 |
| FLOWERS FOODS | COM | 343498101 |  | 103939868 | 3616558 | SH |  | SOLE |  | 3616558 | 0 | 0 |
| GATX CORP | COM | 361448103 |  | 276563 | 2601 | SH |  | SOLE |  | 2601 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 815616 | 8212 | SH |  | SOLE |  | 8212 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 844194 | 11283 | SH |  | SOLE |  | 11283 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1134571 | 3592 | SH |  | SOLE |  | 3592 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 1898646 | 4654 | SH |  | SOLE |  | 4654 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 781968 | 29586 | SH |  | SOLE |  | 29586 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 324892 | 2306 | SH |  | SOLE |  | 2306 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 7212986 | 51065 | SH |  | SOLE |  | 51065 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 235792 | 886 | SH |  | SOLE |  | 886 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 5253183 | 151870 | SH |  | SOLE |  | 151870 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 1390343 | 63140 | SH |  | SOLE |  | 63140 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 2687817 | 28400 | SH |  | SOLE |  | 28400 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 808668 | 9536 | SH |  | SOLE |  | 9536 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 797942 | 2077 | SH |  | SOLE |  | 2077 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 490632 | 4928 | SH |  | SOLE |  | 4928 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 463481 | 5710 | SH |  | SOLE |  | 5710 | 0 | 0 |
| ISHARES TR | EDGE MSCI USA VL | 46432F388 |  | 328104 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 312960 | 2724 | SH |  | SOLE |  | 2724 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 230609 | 4612 | SH |  | SOLE |  | 4612 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 2200643 | 18328 | SH |  | SOLE |  | 18328 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 9854357 | 55785 | SH |  | SOLE |  | 55785 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 593794 | 4428 | SH |  | SOLE |  | 4428 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 796892 | 17167 | SH |  | SOLE |  | 17167 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 5486682 | 134775 | SH |  | SOLE |  | 134775 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 3845952 | 55147 | SH |  | SOLE |  | 55147 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 3634570 | 696278 | SH |  | SOLE |  | 696278 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 248373 | 2991 | SH |  | SOLE |  | 2991 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 5867159 | 17360 | SH |  | SOLE |  | 17360 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1145856 | 4348 | SH |  | SOLE |  | 4348 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 241292 | 21660 | SH |  | SOLE |  | 21660 | 0 | 0 |
| MERCK  CO INC NEW | COM | 58933Y105 |  | 955357 | 8611 | SH |  | SOLE |  | 8611 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 304708 | 6097 | SH |  | SOLE |  | 6097 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 4179426 | 17427 | SH |  | SOLE |  | 17427 | 0 | 0 |
| MIDDLEBY CORP | COM | 596278101 |  | 3387001 | 25295 | SH |  | SOLE |  | 25295 | 0 | 0 |
| MIDDLESEX WTR CO | COM | 596680108 |  | 373565 | 4749 | SH |  | SOLE |  | 4749 | 0 | 0 |
| MONROE CAP CORP | COM | 610335101 |  | 136640 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| MORNINGSTAR INC | COM | 617700109 |  | 6543834 | 30213 | SH |  | SOLE |  | 30213 | 0 | 0 |
| NEW YORK CITY REIT INC | COM | 649439205 |  | 29899 | 16892 | SH |  | SOLE |  | 16892 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 869774 | 10404 | SH |  | SOLE |  | 10404 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 332225 | 1348 | SH |  | SOLE |  | 1348 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 306446 | 4865 | SH |  | SOLE |  | 4865 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 258625 | 3164 | SH |  | SOLE |  | 3164 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 632174 | 4942 | SH |  | SOLE |  | 4942 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 243276 | 836 | SH |  | SOLE |  | 836 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1483213 | 12835 | SH |  | SOLE |  | 12835 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 270990 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| PERKINELMER INC | COM | 714046109 |  | 3258853 | 23241 | SH |  | SOLE |  | 23241 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2609985 | 50936 | SH |  | SOLE |  | 50936 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 2361197 | 7810 | SH |  | SOLE |  | 7810 | 0 | 0 |
| POWERSCHOOL HOLDINGS INC | COM CL A | 73939C106 |  | 576769 | 24990 | SH |  | SOLE |  | 24990 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 834457 | 5506 | SH |  | SOLE |  | 5506 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 317595 | 3147 | SH |  | SOLE |  | 3147 | 0 | 0 |
| REGIONS FINL CORP NEW | COM | 7591EP100 |  | 2119746 | 98318 | SH |  | SOLE |  | 98318 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 1797074 | 49181 | SH |  | SOLE |  | 49181 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 243088 | 5384 | SH |  | SOLE |  | 5384 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 2560116 | 37028 | SH |  | SOLE |  | 37028 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 308270 | 5413 | SH |  | SOLE |  | 5413 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 289543 | 1220 | SH |  | SOLE |  | 1220 | 0 | 0 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 2310912 | 33984 | SH |  | SOLE |  | 33984 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1545536 | 21643 | SH |  | SOLE |  | 21643 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 3557012 | 20968 | SH |  | SOLE |  | 20968 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 797556 | 2085 | SH |  | SOLE |  | 2085 | 0 | 0 |
| SPDR SER TR | S OILGAS EXP | 78468R556 |  | 7220663 | 53140 | SH |  | SOLE |  | 53140 | 0 | 0 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 |  | 338118 | 23980 | SH |  | SOLE |  | 23980 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 2402632 | 13009 | SH |  | SOLE |  | 13009 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 246934 | 3230 | SH |  | SOLE |  | 3230 | 0 | 0 |
| TC BANCSHARES INC | COM | 87224V108 |  | 2455520 | 164800 | SH |  | SOLE |  | 164800 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 4794121 | 11988 | SH |  | SOLE |  | 11988 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 764160 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 3672774 | 32445 | SH |  | SOLE |  | 32445 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 2844746 | 12645 | SH |  | SOLE |  | 12645 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 1611347 | 31870 | SH |  | SOLE |  | 31870 | 0 | 0 |
| TRITON INTL LTD | CL A | G9078F107 |  | 789141 | 11473 | SH |  | SOLE |  | 11473 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 406341 | 9443 | SH |  | SOLE |  | 9443 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 267239 | 1291 | SH |  | SOLE |  | 1291 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 859639 | 4945 | SH |  | SOLE |  | 4945 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 578153 | 20940 | SH |  | SOLE |  | 20940 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 3360973 | 14101 | SH |  | SOLE |  | 14101 | 0 | 0 |
| VANECK VECTORS ETF TR | GOLD MINERS ETF | 92189F106 |  | 6321966 | 220585 | SH |  | SOLE |  | 220585 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 17643838 | 50219 | SH |  | SOLE |  | 50219 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 587527 | 3073 | SH |  | SOLE |  | 3073 | 0 | 0 |
| VANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 921908844 |  | 1599848 | 10536 | SH |  | SOLE |  | 10536 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 469342 | 11912 | SH |  | SOLE |  | 11912 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1574383 | 115255 | SH |  | SOLE |  | 115255 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 784592 | 3776 | SH |  | SOLE |  | 3776 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1740378 | 9939 | SH |  | SOLE |  | 9939 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 3723113 | 37302 | SH |  | SOLE |  | 37302 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 869222 | 6130 | SH |  | SOLE |  | 6130 | 0 | 0 |

---