# EDGAR Filing Document

**Accession Number:** 0001030618
**File Stem:** 0001085146-23-001441
**Filing Date:** 2023-2
**Character Count:** 16617
**Document Hash:** be595d42f57084b942c666b11e57aa82
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-001441.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001085146-23-001441

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**EFFECTIVENESS DATE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CYPRESS ASSET MANAGEMENT INC/TX
- **CENTRAL INDEX KEY:** 0001030618
- **IRS NUMBER:** 76049608
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05956
- **FILM NUMBER:** 23683377

**BUSINESS ADDRESS:**
- **STREET 1:** 2929 ALLEN PARKWAY
- **STREET 2:** SUITE 2200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019
- **BUSINESS PHONE:** 7135122100

**MAIL ADDRESS:**
- **STREET 1:** 2929 ALLEN PARKWAY
- **STREET 2:** SUITE 2200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019

### 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:** CYPRESS ASSET MANAGEMENT INC/TX<br>**Address:** 2929 ALLEN PARKWAY<br>SUITE 2200<br>HOUSTON, TX 77019

**Form 13F File Number:** 028-05956

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:** Will Garwood<br>**Title:** President<br>**Phone:** 713-512-2146

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

/s/ Will Garwood  Houston, TX  02-28-2023<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:** 120

**Form 13F Information Table Value Total:** $275508938

      (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 | 2681291 | 24422 | SH |  | SOLE |  | 20178 | 0 | 4244 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 2169937 | 13427 | SH |  | SOLE |  | 10741 | 0 | 2686 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 2512533 | 7466 | SH |  | SOLE |  | 6602 | 0 | 864 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 2582623 | 39788 | SH |  | SOLE |  | 36761 | 0 | 3027 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 | BBG001SCTQY4 | 636012 | 4250 | SH |  | SOLE |  | 0 | 0 | 4250 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 1004928 | 3260 | SH |  | SOLE |  | 2735 | 0 | 525 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 2981292 | 33790 | SH |  | SOLE |  | 28130 | 0 | 5660 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 6139406 | 69132 | SH |  | SOLE |  | 62532 | 0 | 6600 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 5522580 | 65660 | SH |  | SOLE |  | 58420 | 0 | 7240 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 315709 | 3325 | SH |  | SOLE |  | 3325 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 219275 | 1035 | SH |  | SOLE |  | 1035 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 928958 | 3537 | SH |  | SOLE |  | 3537 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 5139552 | 31293 | SH |  | SOLE |  | 29197 | 0 | 2096 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 16090141 | 123640 | SH |  | SOLE |  | 115335 | 0 | 8305 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 2355622 | 24190 | SH |  | SOLE |  | 20670 | 0 | 3520 |
| APTIV PLC | SHS | G6095L109 | BBG001TRL2T7 | 470306 | 5050 | SH |  | SOLE |  | 3755 | 0 | 1295 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 1041985 | 1907 | SH |  | SOLE |  | 1662 | 0 | 245 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 202227 | 82 | SH |  | SOLE |  | 27 | 0 | 55 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 717777 | 21522 | SH |  | SOLE |  | 16172 | 0 | 5350 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 1091964 | 4294 | SH |  | SOLE |  | 3934 | 0 | 360 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 5551860 | 17948 | SH |  | SOLE |  | 16143 | 0 | 1805 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 1566072 | 2210 | SH |  | SOLE |  | 2035 | 0 | 175 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1515195 | 21059 | SH |  | SOLE |  | 19759 | 0 | 1300 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 887339 | 1587 | SH |  | SOLE |  | 1244 | 0 | 343 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 1046738 | 8805 | SH |  | SOLE |  | 7905 | 0 | 900 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2162137 | 12046 | SH |  | SOLE |  | 11346 | 0 | 700 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 364446 | 7650 | SH |  | SOLE |  | 3800 | 0 | 3850 |
| CLOROX CO DEL | COM | 189054109 | BBG001S5PX50 | 1001676 | 7138 | SH |  | SOLE |  | 6304 | 0 | 834 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 2744263 | 43072 | SH |  | SOLE |  | 38327 | 0 | 4745 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 2971801 | 37693 | SH |  | SOLE |  | 33893 | 0 | 3800 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 3105913 | 13357 | SH |  | SOLE |  | 12057 | 0 | 1300 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 4662691 | 10172 | SH |  | SOLE |  | 9008 | 0 | 1164 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 357985 | 14370 | SH |  | SOLE |  | 11300 | 0 | 3070 |
| CROWN CASTLE INC | COM | 22822V101 | BBG001S7W5T3 | 1392209 | 10264 | SH |  | SOLE |  | 9664 | 0 | 600 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 1040636 | 4295 | SH |  | SOLE |  | 4070 | 0 | 225 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 1874703 | 20117 | SH |  | SOLE |  | 17317 | 0 | 2800 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 4548768 | 17113 | SH |  | SOLE |  | 15113 | 0 | 2000 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 1956061 | 4547 | SH |  | SOLE |  | 4282 | 0 | 265 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG001S63VG4 | 232200 | 3775 | SH |  | SOLE |  | 3275 | 0 | 500 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG001S7V596 | 5088037 | 28554 | SH |  | SOLE |  | 24333 | 0 | 4221 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1364103 | 15686 | SH |  | SOLE |  | 13911 | 0 | 1775 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 893641 | 3629 | SH |  | SOLE |  | 2515 | 0 | 1114 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 289124 | 4715 | SH |  | SOLE |  | 4340 | 0 | 375 |
| DOMINOS PIZZA INC | COM | 25754A201 | BBG001SL3ZH1 | 717394 | 2071 | SH |  | SOLE |  | 1696 | 0 | 375 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 433588 | 4210 | SH |  | SOLE |  | 4210 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 1069628 | 11135 | SH |  | SOLE |  | 10835 | 0 | 300 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 212230 | 324 | SH |  | SOLE |  | 324 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 237696 | 2100 | SH |  | SOLE |  | 1250 | 0 | 850 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 537928 | 14156 | SH |  | SOLE |  | 10256 | 0 | 3900 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 2084317 | 6070 | SH |  | SOLE |  | 5510 | 0 | 560 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 335776 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 6516192 | 20630 | SH |  | SOLE |  | 18730 | 0 | 1900 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 5159058 | 24009 | SH |  | SOLE |  | 22514 | 0 | 1495 |
| ILLUMINA INC | COM | 452327109 | BBG001SF4NY1 | 470317 | 2326 | SH |  | SOLE |  | 1876 | 0 | 450 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 1246016 | 47144 | SH |  | SOLE |  | 43594 | 0 | 3550 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 1229150 | 4586 | SH |  | SOLE |  | 4586 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 | BBG001SQZT52 | 2201894 | 41885 | SH |  | SOLE |  | 41885 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 | BBG001SC08P5 | 926201 | 8280 | SH |  | SOLE |  | 7880 | 0 | 400 |
| ISHARES TR | US OIL GS EX ETF | 464288851 | BBG001SJTHR7 | 992952 | 10693 | SH |  | SOLE |  | 9943 | 0 | 750 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 6826463 | 38541 | SH |  | SOLE |  | 33291 | 0 | 5250 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 8407668 | 62644 | SH |  | SOLE |  | 56044 | 0 | 6600 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 677900 | 1798 | SH |  | SOLE |  | 1428 | 0 | 370 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 234236 | 1125 | SH |  | SOLE |  | 850 | 0 | 275 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG001S8L5H6 | 583058 | 2350 | SH |  | SOLE |  | 2350 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 8262496 | 22585 | SH |  | SOLE |  | 21168 | 0 | 1417 |
| LINDE PLC | SHS | G5494J103 | BBG00GVR8YR8 | 3448375 | 10552 | SH |  | SOLE |  | 9337 | 0 | 1215 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 5158740 | 10589 | SH |  | SOLE |  | 9584 | 0 | 1005 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 4284656 | 21505 | SH |  | SOLE |  | 19755 | 0 | 1750 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 7323542 | 21061 | SH |  | SOLE |  | 18820 | 0 | 2241 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 2060805 | 7820 | SH |  | SOLE |  | 7320 | 0 | 500 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 1944244 | 25016 | SH |  | SOLE |  | 22666 | 0 | 2350 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG001SM32G3 | 3264794 | 3858 | SH |  | SOLE |  | 3409 | 0 | 449 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 4630609 | 41711 | SH |  | SOLE |  | 38567 | 0 | 3144 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 10954018 | 45606 | SH |  | SOLE |  | 41206 | 0 | 4400 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 1322003 | 19835 | SH |  | SOLE |  | 16435 | 0 | 3400 |
| MSCI INC | COM | 55354G100 | BBG001SV8B05 | 694499 | 1493 | SH |  | SOLE |  | 1288 | 0 | 205 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 1676180 | 20050 | SH |  | SOLE |  | 20050 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 2177556 | 18610 | SH |  | SOLE |  | 15835 | 0 | 2775 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 295704 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 760506 | 8383 | SH |  | SOLE |  | 7439 | 0 | 944 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 385042 | 2820 | SH |  | SOLE |  | 2370 | 0 | 450 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 2657630 | 18186 | SH |  | SOLE |  | 14716 | 0 | 3470 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 1416750 | 10153 | SH |  | SOLE |  | 8758 | 0 | 1395 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 863979 | 2969 | SH |  | SOLE |  | 2794 | 0 | 175 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 1210455 | 16996 | SH |  | SOLE |  | 16996 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 10357238 | 57269 | SH |  | SOLE |  | 50423 | 0 | 6846 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2186769 | 42677 | SH |  | SOLE |  | 36277 | 0 | 6400 |
| PIONEER NAT RES CO | COM | 723787107 | BBG001S7V1J4 | 456780 | 2000 | SH |  | SOLE |  | 1510 | 0 | 490 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 3064036 | 19340 | SH |  | SOLE |  | 18015 | 0 | 1325 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 291735 | 2675 | SH |  | SOLE |  | 2000 | 0 | 675 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 4581810 | 30211 | SH |  | SOLE |  | 27811 | 0 | 2400 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 3639014 | 33060 | SH |  | SOLE |  | 26960 | 0 | 6100 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 3677626 | 36371 | SH |  | SOLE |  | 32396 | 0 | 3975 |
| RESMED INC | COM | 761152107 | BBG001SBGRC2 | 275772 | 1325 | SH |  | SOLE |  | 1325 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 1698481 | 5071 | SH |  | SOLE |  | 4331 | 0 | 740 |
| SANOFI | SPONSORED ADR | 80105N105 | BBG001S5W768 | 529873 | 10941 | SH |  | SOLE |  | 9691 | 0 | 1250 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 | BBG001S7T232 | 1418643 | 14445 | SH |  | SOLE |  | 14445 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 284345 | 2285 | SH |  | SOLE |  | 2285 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 286692 | 1690 | SH |  | SOLE |  | 1690 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 579391 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 977120 | 9850 | SH |  | SOLE |  | 8450 | 0 | 1400 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 1453672 | 19515 | SH |  | SOLE |  | 17215 | 0 | 2300 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 1603460 | 9665 | SH |  | SOLE |  | 8825 | 0 | 840 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 1371769 | 2491 | SH |  | SOLE |  | 2141 | 0 | 350 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 327156 | 4110 | SH |  | SOLE |  | 2660 | 0 | 1450 |
| TRACTOR SUPPLY CO | COM | 892356106 | BBG001S7K017 | 367826 | 1635 | SH |  | SOLE |  | 1635 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 536207 | 3190 | SH |  | SOLE |  | 2690 | 0 | 500 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 460602 | 9148 | SH |  | SOLE |  | 8625 | 0 | 523 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 5075029 | 24509 | SH |  | SOLE |  | 22203 | 0 | 2306 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 2806821 | 16131 | SH |  | SOLE |  | 14531 | 0 | 1600 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 3635974 | 6858 | SH |  | SOLE |  | 5938 | 0 | 920 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 1171559 | 29735 | SH |  | SOLE |  | 24835 | 0 | 4900 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 6381764 | 30667 | SH |  | SOLE |  | 27267 | 0 | 3400 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 261319 | 1843 | SH |  | SOLE |  | 1843 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 667681 | 4256 | SH |  | SOLE |  | 1690 | 0 | 2566 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 1026737 | 6136 | SH |  | SOLE |  | 5665 | 0 | 471 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 1542269 | 13948 | SH |  | SOLE |  | 12548 | 0 | 1400 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 1901348 | 14845 | SH |  | SOLE |  | 13945 | 0 | 900 |
| YUM CHINA HLDGS INC | COM | 98850P109 | BBG00B8N0HH0 | 336097 | 6150 | SH |  | SOLE |  | 6150 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 2962362 | 20159 | SH |  | SOLE |  | 17250 | 0 | 2909 |

---