# EDGAR Filing Document

**Accession Number:** 0001893893
**File Stem:** 0001893893-25-000004
**Filing Date:** 2025-7
**Character Count:** 20964
**Document Hash:** 3cf589c6166d915eb674ec09fb1de805
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001893893-25-000004.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001893893-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**EFFECTIVENESS DATE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STUDIO INVESTMENT MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001893893

**ORGANIZATION NAME:**
- **EIN:** 452645744
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21417
- **FILM NUMBER:** 251166137

**BUSINESS ADDRESS:**
- **STREET 1:** 1901 N. CLYBOURN AVE.
- **STREET 2:** SUITE 404
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60614
- **BUSINESS PHONE:** 312-399-0828

**MAIL ADDRESS:**
- **STREET 1:** 1901 N. CLYBOURN AVE.
- **STREET 2:** SUITE 404
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60614

### 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:** STUDIO INVESTMENT MANAGEMENT LLC<br>**Address:** 1901 N. CLYBOURN AVE.<br>SUITE 404<br>CHICAGO, IL 60614

**Form 13F File Number:** 028-21417

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:** Samira Kadam<br>**Title:** Compliance Consultant<br>**Phone:** 7209961035

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

Samira Kadam  Broomfield, CO  07-30-2025<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:** 173

**Form 13F Information Table Value Total:** $498098449

      (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 Company | MMM | 88579Y101 |  | 322597 | 2119 | SH |  | SOLE |  | 0 | 0 | 2119 |
| Abbott Laboratories | ABT | 002824100 |  | 630678 | 4637 | SH |  | SOLE |  | 0 | 0 | 4637 |
| Accenture Plc | ACN | G1151C101 |  | 427114 | 1429 | SH |  | SOLE |  | 0 | 0 | 1429 |
| Adobe Systems Inc | ADBE | 00724F101 |  | 1201649 | 3106 | SH |  | SOLE |  | 0 | 0 | 3106 |
| Advance Auto Parts | AAP | 00751Y106 |  | 236495 | 5087 | SH |  | SOLE |  | 0 | 0 | 5087 |
| Aflac Inc | AFL | 001055102 |  | 773655 | 7336 | SH |  | SOLE |  | 0 | 0 | 7336 |
| Air Products  Chemicals Inc | APD | 009158106 |  | 752254 | 2667 | SH |  | SOLE |  | 0 | 0 | 2667 |
| Alliant Energy Corp | LNT | 018802108 |  | 2576748 | 42612 | SH |  | SOLE |  | 0 | 0 | 42612 |
| Alphabet Inc Class A | GOOGL | 02079K305 |  | 9175111 | 52063 | SH |  | SOLE |  | 0 | 0 | 52063 |
| Alphabet Inc Class C | GOOG | 02079K107 |  | 832136 | 4691 | SH |  | SOLE |  | 0 | 0 | 4691 |
| Amazon Com Inc | AMZN | 023135106 |  | 2641236 | 12039 | SH |  | SOLE |  | 0 | 0 | 12039 |
| Amgen Incorporated | AMGN | 031162100 |  | 3288256 | 11777 | SH |  | SOLE |  | 0 | 0 | 11777 |
| Apple Inc | AAPL | 037833100 |  | 7387647 | 36007 | SH |  | SOLE |  | 0 | 0 | 36007 |
| Applied Materials Inc | AMAT | 038222105 |  | 505822 | 2763 | SH |  | SOLE |  | 0 | 0 | 2763 |
| Arrow Electronics | ARW | 042735100 |  | 387642 | 3042 | SH |  | SOLE |  | 0 | 0 | 3042 |
| Bank Of America Corp | BAC | 060505104 |  | 2675094 | 56532 | SH |  | SOLE |  | 0 | 0 | 56532 |
| Bank Of New York Mellon Co | BK | 064058100 |  | 515683 | 5660 | SH |  | SOLE |  | 0 | 0 | 5660 |
| Becton  Dickinson and Co | BDX | 075887109 |  | 1774692 | 10303 | SH |  | SOLE |  | 0 | 0 | 10303 |
| Berkshire Hathaway Inc Class B | BRKB | 084670702 |  | 14269494 | 29375 | SH |  | SOLE |  | 0 | 0 | 29375 |
| Blackrock Inc | BLK | 09290D101 |  | 3181326 | 3032 | SH |  | SOLE |  | 0 | 0 | 3032 |
| Broadcom Inc Com | AVGO | 11135F101 |  | 4742007 | 17203 | SH |  | SOLE |  | 0 | 0 | 17203 |
| Brown  Brown Inc | BRO | 115236101 |  | 654355 | 5902 | SH |  | SOLE |  | 0 | 0 | 5902 |
| C H Robinson Worldwide Inc | CHRW | 12541W209 |  | 1139424 | 11799 | SH |  | SOLE |  | 0 | 0 | 11799 |
| CACI International Inc | CACI | 127190304 |  | 1695145 | 3556 | SH |  | SOLE |  | 0 | 0 | 3556 |
| Capital Group Core Plus Income ETF | CGCP | 14020Y102 |  | 4349430 | 193308 | SH |  | SOLE |  | 0 | 0 | 193308 |
| Capital One Financial Corp | COF | 14040H105 |  | 348714 | 1639 | SH |  | SOLE |  | 0 | 0 | 1639 |
| Carvana Co | CVNA | 146869102 |  | 290460 | 862 | SH |  | SOLE |  | 0 | 0 | 862 |
| Caterpillar Inc | CAT | 149123101 |  | 4945407 | 12739 | SH |  | SOLE |  | 0 | 0 | 12739 |
| CBRE Group Inc | CBRE | 12504L109 |  | 626477 | 4471 | SH |  | SOLE |  | 0 | 0 | 4471 |
| CDW Corp | CDW | 12514G108 |  | 398791 | 2233 | SH |  | SOLE |  | 0 | 0 | 2233 |
| Charles Schwab Corp | SCHW | 808513105 |  | 352278 | 3861 | SH |  | SOLE |  | 0 | 0 | 3861 |
| Chevron Corporation | CVX | 166764100 |  | 2909191 | 20317 | SH |  | SOLE |  | 0 | 0 | 20317 |
| Cisco Systems Inc | CSCO | 17275R102 |  | 4714718 | 67955 | SH |  | SOLE |  | 0 | 0 | 67955 |
| Clorox | CLX | 189054109 |  | 654021 | 5447 | SH |  | SOLE |  | 0 | 0 | 5447 |
| Constellation Brand | STZ | 21036P108 |  | 215714 | 1326 | SH |  | SOLE |  | 0 | 0 | 1326 |
| Constellation Software Inc | CNSWF | 21037X100 |  | 319388 | 87 | SH |  | SOLE |  | 0 | 0 | 87 |
| Copart Inc | CPRT | 217204106 |  | 438244 | 8931 | SH |  | SOLE |  | 0 | 0 | 8931 |
| Corteva Inc com | CTVA | 22052L104 |  | 2722879 | 36534 | SH |  | SOLE |  | 0 | 0 | 36534 |
| CSX Corp | CSX | 126408103 |  | 1271395 | 38964 | SH |  | SOLE |  | 0 | 0 | 38964 |
| D R  Horton Inc | DHI | 23331A109 |  | 3003191 | 23295 | SH |  | SOLE |  | 0 | 0 | 23295 |
| Danaher Corp | DHR | 235851102 |  | 319940 | 1617 | SH |  | SOLE |  | 0 | 0 | 1617 |
| Daybreak Oil  Gas Inc | DBRM | 239559107 |  | 30 | 295000 | SH |  | SOLE |  | 0 | 0 | 295000 |
| Deere  Co | DE | 244199105 |  | 2257237 | 4425 | SH |  | SOLE |  | 0 | 0 | 4425 |
| DFA Emerging Market Core Equity 2 ETF | DFEM | 25434V732 |  | 6653069 | 224160 | SH |  | SOLE |  | 0 | 0 | 224160 |
| DFA International Core Equity 2 ETF | DFIC | 25434V799 |  | 18040812 | 580277 | SH |  | SOLE |  | 0 | 0 | 580277 |
| DFA U S  Large Cap Value ETF | DFLV | 25434V666 |  | 4524980 | 145873 | SH |  | SOLE |  | 0 | 0 | 145873 |
| DFA U S  Targeted Value ETF | DFAT | 25434V609 |  | 4057144 | 75188 | SH |  | SOLE |  | 0 | 0 | 75188 |
| Dimensional International Core Equity Market ETF | DFAI | 25434V203 |  | 532827 | 15413 | SH |  | SOLE |  | 0 | 0 | 15413 |
| Dimensional International Small Cap Value ETF | DISV | 25434V781 |  | 328541 | 9983 | SH |  | SOLE |  | 0 | 0 | 9983 |
| Dimensional International Value ETF | DFIV | 25434V807 |  | 706138 | 16487 | SH |  | SOLE |  | 0 | 0 | 16487 |
| Dimensional Short-Duration Fixed Income ETF | DFSD | 25434V864 |  | 11355757 | 236529 | SH |  | SOLE |  | 0 | 0 | 236529 |
| Dimensional Ultrashort Fixed Income ETF | DUSB | 25434V591 |  | 836208 | 16477 | SH |  | SOLE |  | 0 | 0 | 16477 |
| Donaldson Co Inc | DCI | 257651109 |  | 543565 | 7838 | SH |  | SOLE |  | 0 | 0 | 7838 |
| Duke Energy Corp New | DUK | 26441C204 |  | 512710 | 4345 | SH |  | SOLE |  | 0 | 0 | 4345 |
| Eaton Vance Total Return Bond ETF | EVTR | 61774R841 |  | 218438 | 4278 | SH |  | SOLE |  | 0 | 0 | 4278 |
| Ecolab Inc | ECL | 278865100 |  | 956930 | 3543 | SH |  | SOLE |  | 0 | 0 | 3543 |
| Electronic Arts Inc | EA | 285512109 |  | 361561 | 2264 | SH |  | SOLE |  | 0 | 0 | 2264 |
| Emerson Electric Co | EMR | 291011104 |  | 224394 | 1683 | SH |  | SOLE |  | 0 | 0 | 1683 |
| Enbridge Inc Com | ENB | 29250N105 |  | 799128 | 17633 | SH |  | SOLE |  | 0 | 0 | 17633 |
| Expeditors International of Washington Inc | EXPD | 302130109 |  | 457800 | 4007 | SH |  | SOLE |  | 0 | 0 | 4007 |
| Exxon Mobil Corporation | XOM | 30231G102 |  | 929883 | 8626 | SH |  | SOLE |  | 0 | 0 | 8626 |
| FlexShares Glbl Quality Real Estate ETF | GQRE | 33939L787 |  | 1173610 | 19676 | SH |  | SOLE |  | 0 | 0 | 19676 |
| FlexShares Mstar Glbl Upstrm Nat Res ETF | GUNR | 33939L407 |  | 1137921 | 28370 | SH |  | SOLE |  | 0 | 0 | 28370 |
| Fortive Corp Com | FTV | 34959J108 |  | 259607 | 4980 | SH |  | SOLE |  | 0 | 0 | 4980 |
| General Dynamics Corp | GD | 369550108 |  | 6974174 | 23912 | SH |  | SOLE |  | 0 | 0 | 23912 |
| General Mills Inc | GIS | 370334104 |  | 2887009 | 55723 | SH |  | SOLE |  | 0 | 0 | 55723 |
| GMO U S  Quality ETF | QLTY | 90139K100 |  | 1127428 | 32908 | SH |  | SOLE |  | 0 | 0 | 32908 |
| Goldman Sachs Group Inc | GS | 38141G104 |  | 652546 | 922 | SH |  | SOLE |  | 0 | 0 | 922 |
| Harbor International Compounders ETF | OSEA | 41151J885 |  | 437382 | 14943 | SH |  | SOLE |  | 0 | 0 | 14943 |
| Heineken NV | HEINY | 423012301 |  | 246730 | 5646 | SH |  | SOLE |  | 0 | 0 | 5646 |
| Henry Schein Inc | HSIC | 806407102 |  | 370583 | 5073 | SH |  | SOLE |  | 0 | 0 | 5073 |
| Honeywell International Inc | HON | 438516106 |  | 4853918 | 20843 | SH |  | SOLE |  | 0 | 0 | 20843 |
| Houlihan Lokey Inc | HLI | 441593100 |  | 703605 | 3910 | SH |  | SOLE |  | 0 | 0 | 3910 |
| Huntington Ingalls | HII | 446413106 |  | 854285 | 3538 | SH |  | SOLE |  | 0 | 0 | 3538 |
| Illinois Tool Works Inc | ITW | 452308109 |  | 3269819 | 13145 | SH |  | SOLE |  | 0 | 0 | 13145 |
| Insight Enterprises Inc | NSIT | 45765U103 |  | 378077 | 2738 | SH |  | SOLE |  | 0 | 0 | 2738 |
| Interactive Brokers Group Inc | IBKR | 45841N107 |  | 627906 | 11332 | SH |  | SOLE |  | 0 | 0 | 11332 |
| Intuit Inc | INTU | 461202103 |  | 392240 | 498 | SH |  | SOLE |  | 0 | 0 | 498 |
| Invesco FTSE RAFI Dev Mkts ex-U S  S/M ETF | PDN | 46138E735 |  | 1267725 | 32575 | SH |  | SOLE |  | 0 | 0 | 32575 |
| Invesco QQQ Trust ETF | QQQ | 46090E103 |  | 251790 | 456 | SH |  | SOLE |  | 0 | 0 | 456 |
| Invesco S 500 Equal Weight Utilts ETF | RSPU | 46137V274 |  | 6075213 | 85422 | SH |  | SOLE |  | 0 | 0 | 85422 |
| iShares 0 to 3 Month Treasury Bond ETF | SGOV | 46436E718 |  | 6503214 | 64586 | SH |  | SOLE |  | 0 | 0 | 64586 |
| iShares 3-7 Year Treasury Bond ETF | IEI | 464288661 |  | 1358460 | 11407 | SH |  | SOLE |  | 0 | 0 | 11407 |
| iShares Core 1-5 Year USD Bond ETF | ISTB | 46432F859 |  | 376065 | 7730 | SH |  | SOLE |  | 0 | 0 | 7730 |
| iShares Core S Small-Cap ETF | IJR | 464287804 |  | 594865 | 5443 | SH |  | SOLE |  | 0 | 0 | 5443 |
| iShares MSCI EAFE ETF | EFA | 464287465 |  | 735412 | 8227 | SH |  | SOLE |  | 0 | 0 | 8227 |
| iShares Short-Term National Muni Bond ETF | SUB | 464288158 |  | 355814 | 3346 | SH |  | SOLE |  | 0 | 0 | 3346 |
| J M Smucker Co | SJM | 832696405 |  | 617776 | 6291 | SH |  | SOLE |  | 0 | 0 | 6291 |
| Johnson  Johnson | JNJ | 478160104 |  | 4662541 | 30524 | SH |  | SOLE |  | 0 | 0 | 30524 |
| Johnson Controls Inc | JCI | G51502105 |  | 2051137 | 19352 | SH |  | SOLE |  | 0 | 0 | 19352 |
| Jpmorgan Chase  Co | JPM | 46625H100 |  | 6353668 | 21916 | SH |  | SOLE |  | 0 | 0 | 21916 |
| JPMorgan Equity Premium Income ETF | JEPI | 46641Q332 |  | 942914 | 16586 | SH |  | SOLE |  | 0 | 0 | 16586 |
| Landstar System Inc | LSTR | 515098101 |  | 233832 | 1682 | SH |  | SOLE |  | 0 | 0 | 1682 |
| Littelfuse Inc | LFUS | 537008104 |  | 423305 | 1867 | SH |  | SOLE |  | 0 | 0 | 1867 |
| LKQ Corp | LKQ | 501889208 |  | 421470 | 11388 | SH |  | SOLE |  | 0 | 0 | 11388 |
| Lockheed Martin Corp | LMT | 539830109 |  | 341797 | 738 | SH |  | SOLE |  | 0 | 0 | 738 |
| Lowes Companies Inc | LOW | 548661107 |  | 881933 | 3975 | SH |  | SOLE |  | 0 | 0 | 3975 |
| LVMH Moet Hennessy Louis Vuitton SE | LVMUY | 502441306 |  | 318437 | 3031 | SH |  | SOLE |  | 0 | 0 | 3031 |
| Markel Group Inc | MKL | 570535104 |  | 397475 | 199 | SH |  | SOLE |  | 0 | 0 | 199 |
| Mc Donalds Corp | MCD | 580135101 |  | 205103 | 702 | SH |  | SOLE |  | 0 | 0 | 702 |
| Medtronic Inc | MDT | G5960L103 |  | 1108167 | 12610 | SH |  | SOLE |  | 0 | 0 | 12610 |
| Merck  Co Inc New | MRK | 58933Y105 |  | 3443145 | 43051 | SH |  | SOLE |  | 0 | 0 | 43051 |
| Meta Platforms Inc Class A | META | 30303M102 |  | 832566 | 1128 | SH |  | SOLE |  | 0 | 0 | 1128 |
| Microchip Technology | MCHP | 595017104 |  | 686319 | 9753 | SH |  | SOLE |  | 0 | 0 | 9753 |
| Microsoft Corp | MSFT | 594918104 |  | 10819662 | 21752 | SH |  | SOLE |  | 0 | 0 | 21752 |
| Motorola Solutions Inc | MSI | 620076307 |  | 266420 | 632 | SH |  | SOLE |  | 0 | 0 | 632 |
| Nestle SA (ADR) | NSRGY | 641069406 |  | 418832 | 4217 | SH |  | SOLE |  | 0 | 0 | 4217 |
| Netflix Inc | NFLX | 64110L106 |  | 329426 | 246 | SH |  | SOLE |  | 0 | 0 | 246 |
| Nextera Energy Inc | NEE | 65339F101 |  | 6212118 | 89486 | SH |  | SOLE |  | 0 | 0 | 89486 |
| Nordson Corp | NDSN | 655663102 |  | 341873 | 1589 | SH |  | SOLE |  | 0 | 0 | 1589 |
| Northern Trust Corp | NTRS | 665859104 |  | 841168 | 6595 | SH |  | SOLE |  | 0 | 0 | 6595 |
| Northrop Grumman Corp | NOC | 666807102 |  | 2031919 | 4064 | SH |  | SOLE |  | 0 | 0 | 4064 |
| Old National Bancorp | ONB | 680033107 |  | 366408 | 17170 | SH |  | SOLE |  | 0 | 0 | 17170 |
| Omnicom Group Inc | OMC | 681919106 |  | 700275 | 9641 | SH |  | SOLE |  | 0 | 0 | 9641 |
| Oracle Corporation | ORCL | 68389X105 |  | 1048549 | 4796 | SH |  | SOLE |  | 0 | 0 | 4796 |
| Paychex Inc | PAYX | 704326107 |  | 880178 | 6051 | SH |  | SOLE |  | 0 | 0 | 6051 |
| Pepsico Incorporated | PEP | 713448108 |  | 2427423 | 18384 | SH |  | SOLE |  | 0 | 0 | 18384 |
| Pfizer Incorporated | PFE | 717081103 |  | 729600 | 30099 | SH |  | SOLE |  | 0 | 0 | 30099 |
| PIMCO Multisector Bond Active ETF | PYLD | 72201R585 |  | 237055 | 8932 | SH |  | SOLE |  | 0 | 0 | 8932 |
| Procter  Gamble | PG | 742718109 |  | 6497866 | 40785 | SH |  | SOLE |  | 0 | 0 | 40785 |
| Raytheon Technologies Ord | RTX | 75513E101 |  | 5287092 | 36208 | SH |  | SOLE |  | 0 | 0 | 36208 |
| Schwab Fundamental Intl Lg Co ETF | FNDF | 808524755 |  | 16152032 | 403599 | SH |  | SOLE |  | 0 | 0 | 403599 |
| Schwab Fundamental U S  Large Company ETF | FNDX | 808524771 |  | 669157 | 27268 | SH |  | SOLE |  | 0 | 0 | 27268 |
| Schwab Intermediate-Term U S  Trs ETFvU | SCHR | 808524854 |  | 1123046 | 44868 | SH |  | SOLE |  | 0 | 0 | 44868 |
| Schwab U S  Dividend Equity ETF | SCHD | 808524797 |  | 356558 | 13455 | SH |  | SOLE |  | 0 | 0 | 13455 |
| Schwab U S  Large-Cap Growth ETFvO | SCHG | 808524300 |  | 201111 | 6885 | SH |  | SOLE |  | 0 | 0 | 6885 |
| Southwest Airlines | LUV | 844741108 |  | 225182 | 6903 | SH |  | SOLE |  | 0 | 0 | 6903 |
| SPDR Bloomberg Barclay's 3 to 12 Month TBill ETF | BILS | 78468R523 |  | 1190475 | 11973 | SH |  | SOLE |  | 0 | 0 | 11973 |
| SPDR Gold Shares | GLD | 78463V107 |  | 234719 | 770 | SH |  | SOLE |  | 0 | 0 | 770 |
| SPDR Nuveen Barclays Short Term Muni Bond ETF | SHM | 78468R739 |  | 699992 | 14635 | SH |  | SOLE |  | 0 | 0 | 14635 |
| SPDR Blmbg ST Intrn TrsBd ETF | BWZ | 78464A334 |  | 1410658 | 50255 | SH |  | SOLE |  | 0 | 0 | 50255 |
| SPDR Portfolio Long Term Treasury ETF | SPTL | 78464A664 |  | 484181 | 18216 | SH |  | SOLE |  | 0 | 0 | 18216 |
| Starbucks Corp | SBUX | 855244109 |  | 240712 | 2627 | SH |  | SOLE |  | 0 | 0 | 2627 |
| Stifel Financial Corp | SF | 860630102 |  | 595490 | 5738 | SH |  | SOLE |  | 0 | 0 | 5738 |
| Sysco Corporation | SYY | 871829107 |  | 559416 | 7386 | SH |  | SOLE |  | 0 | 0 | 7386 |
| T  Rowe Price Capital Appreciation Equity ETF | TCAF | 87283Q867 |  | 1134040 | 32144 | SH |  | SOLE |  | 0 | 0 | 32144 |
| T  Rowe Price Dividend Growth ETF | TDVG | 87283Q404 |  | 1095565 | 25851 | SH |  | SOLE |  | 0 | 0 | 25851 |
| Take-Two Interactive Software Inc | TTWO | 874054109 |  | 505128 | 2080 | SH |  | SOLE |  | 0 | 0 | 2080 |
| Target Corporation | TGT | 87612E106 |  | 979989 | 9934 | SH |  | SOLE |  | 0 | 0 | 9934 |
| Te Connectivity Ltd | TEL | G87052109 |  | 1075440 | 6376 | SH |  | SOLE |  | 0 | 0 | 6376 |
| Textron Incorporated | TXT | 883203101 |  | 227679 | 2835 | SH |  | SOLE |  | 0 | 0 | 2835 |
| The AES Corp | AES | 00130H105 |  | 652755 | 62049 | SH |  | SOLE |  | 0 | 0 | 62049 |
| The Hershey Co | HSY | 427866108 |  | 1875733 | 11303 | SH |  | SOLE |  | 0 | 0 | 11303 |
| The Middleby Corp | MIDD | 596278101 |  | 453744 | 3151 | SH |  | SOLE |  | 0 | 0 | 3151 |
| Thermo Fisher Scientific Inc | TMO | 883556102 |  | 279658 | 689 | SH |  | SOLE |  | 0 | 0 | 689 |
| U S Bancorp Del New | USB | 902973304 |  | 1366690 | 29873 | SH |  | SOLE |  | 0 | 0 | 29873 |
| UBS Group AG | UBS | H42097107 |  | 444429 | 13141 | SH |  | SOLE |  | 0 | 0 | 13141 |
| Union Pacific Corp | UNP | 907818108 |  | 2221652 | 9656 | SH |  | SOLE |  | 0 | 0 | 9656 |
| United Parcel Srvc | UPS | 911312106 |  | 730301 | 7235 | SH |  | SOLE |  | 0 | 0 | 7235 |
| Unitedhealth Group Inc | UNH | 91324P102 |  | 2317001 | 7427 | SH |  | SOLE |  | 0 | 0 | 7427 |
| Vanguard 500 ETF | VOO | 922908363 |  | 499689 | 877 | SH |  | SOLE |  | 0 | 0 | 877 |
| Vanguard Dividend Appreciation ETF | VIG | 921908844 |  | 29856694 | 145259 | SH |  | SOLE |  | 0 | 0 | 145259 |
| Vanguard FTSE Emerging Markets ETF | VWO | 922042858 |  | 1237143 | 25013 | SH |  | SOLE |  | 0 | 0 | 25013 |
| Vanguard Intermediate-Term Bond ETF | BIV | 921937819 |  | 688713 | 8905 | SH |  | SOLE |  | 0 | 0 | 8905 |
| Vanguard Intl Div Apprec ETF | VIGI | 921946810 |  | 6123294 | 67946 | SH |  | SOLE |  | 0 | 0 | 67946 |
| Vanguard Large-Cap ETF | VV | 922908637 |  | 824364 | 2881 | SH |  | SOLE |  | 0 | 0 | 2881 |
| Vanguard Russell 1000 ETF | VONE | 92206C730 |  | 1441654 | 5133 | SH |  | SOLE |  | 0 | 0 | 5133 |
| Vanguard S Small-Cap 600 Growth ETF | VIOG | 921932794 |  | 1950874 | 17011 | SH |  | SOLE |  | 0 | 0 | 17011 |
| Vanguard S Small-Cap 600 Value ETF | VIOV | 921932778 |  | 2123420 | 24815 | SH |  | SOLE |  | 0 | 0 | 24815 |
| Vanguard Short-Term Corporate Bond ETF | VCSH | 92206C409 |  | 7467197 | 93927 | SH |  | SOLE |  | 0 | 0 | 93927 |
| Vanguard Short-Term Inflation-Protected ETF | VTIP | 922020805 |  | 78553917 | 1562640 | SH |  | SOLE |  | 0 | 0 | 1562640 |
| Vanguard Short-Term Treasury ETF | VGSH | 92206C102 |  | 11878027 | 202076 | SH |  | SOLE |  | 0 | 0 | 202076 |
| Vanguard Small-Cap Value ETF | VBR | 922908611 |  | 18301565 | 93413 | SH |  | SOLE |  | 0 | 0 | 93413 |
| Vanguard Tax-Exempt Bond ETF | VTEB | 922907746 |  | 454508 | 9270 | SH |  | SOLE |  | 0 | 0 | 9270 |
| Vanguard Total Stock Market ETF | VTI | 922908769 |  | 5083260 | 16675 | SH |  | SOLE |  | 0 | 0 | 16675 |
| Vanguard Total World Stock ETF | VT | 922042742 |  | 5310575 | 41321 | SH |  | SOLE |  | 0 | 0 | 41321 |
| Vanguard Value ETF | VTV | 922908744 |  | 28458894 | 160148 | SH |  | SOLE |  | 0 | 0 | 160148 |
| Visa Inc Cl A | V | 92826C839 |  | 645836 | 1819 | SH |  | SOLE |  | 0 | 0 | 1819 |
| Walt Disney Co | DIS | 254687106 |  | 3121704 | 25173 | SH |  | SOLE |  | 0 | 0 | 25173 |
| Wells Fargo  Co New | WFC | 949746101 |  | 1006467 | 12562 | SH |  | SOLE |  | 0 | 0 | 12562 |
| WisdomTree LargeCap Dividend ETF | DLN | 97717W307 |  | 213728 | 2602 | SH |  | SOLE |  | 0 | 0 | 2602 |
| Zebra Technologies | ZBRA | 989207105 |  | 486592 | 1578 | SH |  | SOLE |  | 0 | 0 | 1578 |
| Zimmer Biomet Hldgs | ZBH | 98956P102 |  | 1681304 | 18385 | SH |  | SOLE |  | 0 | 0 | 18385 |

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