# EDGAR Filing Document

**Accession Number:** 0001519319
**File Stem:** 0001519319-23-000002
**Filing Date:** 2023-2
**Character Count:** 12677
**Document Hash:** 37a9e80af131dd2c19c86ffee1df1877
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001519319-23-000002.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001519319-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Garrison Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001519319
- **IRS NUMBER:** 431986133
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14663
- **FILM NUMBER:** 23594224

**BUSINESS ADDRESS:**
- **STREET 1:** 605 W. DICKSON STREET
- **STREET 2:** SUITE 201
- **CITY:** FAYETTEVILLE
- **STATE:** AR
- **ZIP:** 72701
- **BUSINESS PHONE:** 479-587-1045

**MAIL ADDRESS:**
- **STREET 1:** 605 W. DICKSON STREET
- **STREET 2:** SUITE 201
- **CITY:** FAYETTEVILLE
- **STATE:** AR
- **ZIP:** 72701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Garrison Financial Corp
- **DATE OF NAME CHANGE:** 20110427

### 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:** Garrison Asset Management LLC<br>**Address:** 605 W. DICKSON STREET<br>SUITE 201<br>FAYETTEVILLE, AR 72701

**Form 13F File Number:** 028-14663

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:** Carla Muruaga-Atkins<br>**Title:** Portfolio Accountant<br>**Phone:** 4795871045

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

Carla Muruaga-Atkins  FAYETTEVILLE, AR  02-07-2023<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:** 96

**Form 13F Information Table Value Total:** $154651

      (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 |
| AbbVie Inc. | COM | 00287Y109 |  | 5094 | 31519 | SH |  | SOLE |  | 31519 | 0 | 0 |
| Abbott Laboratories | COM | 002824100 |  | 4322 | 39368 | SH |  | SOLE |  | 39368 | 0 | 0 |
| Accenture Plc. | COM | G1151C101 |  | 4363 | 16350 | SH |  | SOLE |  | 16350 | 0 | 0 |
| Akamai Technologies Inc. | COM | 00971T101 |  | 1818 | 21566 | SH |  | SOLE |  | 21566 | 0 | 0 |
| American Electric Power | COM | 025537101 |  | 1791 | 18866 | SH |  | SOLE |  | 18866 | 0 | 0 |
| American Express Company | COM | 025816109 |  | 396 | 2681 | SH |  | SOLE |  | 2681 | 0 | 0 |
| Ameriprise Financial | COM | 03076C106 |  | 222 | 712 | SH |  | SOLE |  | 712 | 0 | 0 |
| Analog Devices Inc. | COM | 032654105 |  | 677 | 4129 | SH |  | SOLE |  | 4129 | 0 | 0 |
| Ansys Inc. | COM | 03662Q105 |  | 3391 | 14038 | SH |  | SOLE |  | 14038 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 1685 | 12972 | SH |  | SOLE |  | 12972 | 0 | 0 |
| AptarGroup Inc. | COM | 038336103 |  | 2764 | 25132 | SH |  | SOLE |  | 25132 | 0 | 0 |
| Arista Networks Inc. | COM | 040413106 |  | 2908 | 23961 | SH |  | SOLE |  | 23961 | 0 | 0 |
| Aspen Technology | COM | 29109X106 |  | 467 | 2274 | SH |  | SOLE |  | 2274 | 0 | 0 |
| AstraZeneca Plc. | COM | 046353108 |  | 585 | 8622 | SH |  | SOLE |  | 8622 | 0 | 0 |
| AutoZone Inc. | COM | 053332102 |  | 6163 | 2499 | SH |  | SOLE |  | 2499 | 0 | 0 |
| BCE Inc. | COM | 05534B760 |  | 343 | 7801 | SH |  | SOLE |  | 7801 | 0 | 0 |
| Becton Dickinson  Company | COM | 075887109 |  | 3632 | 14282 | SH |  | SOLE |  | 14282 | 0 | 0 |
| Broadcom Inc. | COM | 11135F101 |  | 4113 | 7355 | SH |  | SOLE |  | 7355 | 0 | 0 |
| Broadridge Financial Solutions | COM | 11133T103 |  | 2480 | 18487 | SH |  | SOLE |  | 18487 | 0 | 0 |
| Brown-Forman Corp. Cl B | COM | 115637209 |  | 3395 | 51692 | SH |  | SOLE |  | 51692 | 0 | 0 |
| Bunge Ltd. | COM | G16962105 |  | 2083 | 20883 | SH |  | SOLE |  | 20883 | 0 | 0 |
| Cadence Design Systems | COM | 127387108 |  | 257 | 1599 | SH |  | SOLE |  | 1599 | 0 | 0 |
| Cisco Systems Inc. | COM | 17275R102 |  | 2327 | 48851 | SH |  | SOLE |  | 48851 | 0 | 0 |
| Coca-Cola Company | COM | 191216100 |  | 315 | 4946 | SH |  | SOLE |  | 4946 | 0 | 0 |
| ConocoPhillips | COM | 20825C104 |  | 4143 | 35111 | SH |  | SOLE |  | 35111 | 0 | 0 |
| Deere  Co. | COM | 244199105 |  | 4515 | 10530 | SH |  | SOLE |  | 10530 | 0 | 0 |
| Diageo Plc. | COM | 25243Q205 |  | 283 | 1590 | SH |  | SOLE |  | 1590 | 0 | 0 |
| Digital Realty Trust Inc. | COM | 253868103 |  | 203 | 2020 | SH |  | SOLE |  | 2020 | 0 | 0 |
| Disney Walt Company | COM | 254687106 |  | 1508 | 17361 | SH |  | SOLE |  | 17361 | 0 | 0 |
| Eastman Chemical Company | COM | 277432100 |  | 2150 | 26396 | SH |  | SOLE |  | 26396 | 0 | 0 |
| Embecta Corporation | COM | 29082K105 |  | 909 | 35939 | SH |  | SOLE |  | 35939 | 0 | 0 |
| Equity Bancshares Inc. | COM | 29460X109 |  | 374 | 11440 | SH |  | SOLE |  | 11440 | 0 | 0 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 785 | 7114 | SH |  | SOLE |  | 7114 | 0 | 0 |
| FedEx Corporation | COM | 31428X106 |  | 298 | 1718 | SH |  | SOLE |  | 1718 | 0 | 0 |
| Freeport-McMoRan Inc. Cl B | COM | 35671D857 |  | 2096 | 55170 | SH |  | SOLE |  | 55170 | 0 | 0 |
| Genuine Parts Co. | COM | 372460105 |  | 520 | 2999 | SH |  | SOLE |  | 2999 | 0 | 0 |
| Home Depot Inc. | COM | 437076102 |  | 347 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| Huntington Bancshares Inc. | COM | 446150104 |  | 1309 | 92826 | SH |  | SOLE |  | 92826 | 0 | 0 |
| Illinois Tool Works Inc. | COM | 452308109 |  | 284 | 1288 | SH |  | SOLE |  | 1288 | 0 | 0 |
| Intel Corporation | COM | 458140100 |  | 223 | 8444 | SH |  | SOLE |  | 8444 | 0 | 0 |
| J.B. Hunt Transport Services | COM | 445658107 |  | 2333 | 13381 | SH |  | SOLE |  | 13381 | 0 | 0 |
| JPMorgan Chase  Company | COM | 46625H100 |  | 202 | 1509 | SH |  | SOLE |  | 1509 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 3692 | 20902 | SH |  | SOLE |  | 20902 | 0 | 0 |
| Kimberly-Clark Corporation | COM | 494368103 |  | 2290 | 16872 | SH |  | SOLE |  | 16872 | 0 | 0 |
| Laboratory Corp. America Holdi | COM | 50540R409 |  | 3223 | 13687 | SH |  | SOLE |  | 13687 | 0 | 0 |
| Lilly Eli and Company | COM | 532457108 |  | 1068 | 2919 | SH |  | SOLE |  | 2919 | 0 | 0 |
| Lincoln Electric Holdings Inc | COM | 533900106 |  | 3938 | 27257 | SH |  | SOLE |  | 27257 | 0 | 0 |
| Masco Corp. | COM | 574599106 |  | 1288 | 27604 | SH |  | SOLE |  | 27604 | 0 | 0 |
| Mastercard Inc. | COM | 57636Q104 |  | 2072 | 5958 | SH |  | SOLE |  | 5958 | 0 | 0 |
| Medtronic Plc. | COM | G5960L103 |  | 2068 | 26603 | SH |  | SOLE |  | 26603 | 0 | 0 |
| Merck  Co. Inc. | COM | 58933Y105 |  | 260 | 2345 | SH |  | SOLE |  | 2345 | 0 | 0 |
| Meta Platforms Inc. | COM | 30303M102 |  | 780 | 6479 | SH |  | SOLE |  | 6479 | 0 | 0 |
| Microsoft Corp. | COM | 594918104 |  | 439 | 1832 | SH |  | SOLE |  | 1832 | 0 | 0 |
| Mid America Apartment Communit | COM | 59522J103 |  | 571 | 3638 | SH |  | SOLE |  | 3638 | 0 | 0 |
| Novo-Nordisk ADR | COM | 670100205 |  | 822 | 6075 | SH |  | SOLE |  | 6075 | 0 | 0 |
| Palo Alto Networks | COM | 697435105 |  | 1492 | 10693 | SH |  | SOLE |  | 10693 | 0 | 0 |
| Pepsico Inc. | COM | 713448108 |  | 3879 | 21472 | SH |  | SOLE |  | 21472 | 0 | 0 |
| PerkinElmer Inc. | COM | 714046109 |  | 3123 | 22270 | SH |  | SOLE |  | 22270 | 0 | 0 |
| Phillips 66 | COM | 718546104 |  | 2652 | 25481 | SH |  | SOLE |  | 25481 | 0 | 0 |
| Procter  Gamble Company | COM | 742718109 |  | 3382 | 22312 | SH |  | SOLE |  | 22312 | 0 | 0 |
| Prologis Inc. | COM | 74340W103 |  | 350 | 3109 | SH |  | SOLE |  | 3109 | 0 | 0 |
| RPM International Inc. | COM | 749685103 |  | 507 | 5202 | SH |  | SOLE |  | 5202 | 0 | 0 |
| Rockwell Automation Inc. | COM | 773903109 |  | 3033 | 11777 | SH |  | SOLE |  | 11777 | 0 | 0 |
| Sanofi ADR | COM | 80105N105 |  | 253 | 5220 | SH |  | SOLE |  | 5220 | 0 | 0 |
| Skyworks Solutions | COM | 83088M102 |  | 923 | 10125 | SH |  | SOLE |  | 10125 | 0 | 0 |
| Sonoco Products Company | COM | 835495102 |  | 359 | 5909 | SH |  | SOLE |  | 5909 | 0 | 0 |
| Texas Instruments Inc. | COM | 882508104 |  | 4256 | 25762 | SH |  | SOLE |  | 25762 | 0 | 0 |
| Unilever Group | COM | 904767704 |  | 204 | 4057 | SH |  | SOLE |  | 4057 | 0 | 0 |
| VMWare Inc | COM | 928563402 |  | 624 | 5085 | SH |  | SOLE |  | 5085 | 0 | 0 |
| Ventas Inc. | COM | 92276F100 |  | 823 | 18278 | SH |  | SOLE |  | 18278 | 0 | 0 |
| Verisk Analytics Inc. | COM | 92345Y106 |  | 2198 | 12458 | SH |  | SOLE |  | 12458 | 0 | 0 |
| Vertiv Holdings Company | COM | 92537N108 |  | 479 | 35101 | SH |  | SOLE |  | 35101 | 0 | 0 |
| W. P. Carey Inc. | COM | 92936U109 |  | 331 | 4237 | SH |  | SOLE |  | 4237 | 0 | 0 |
| WalMart Inc. | COM | 931142103 |  | 484 | 3414 | SH |  | SOLE |  | 3414 | 0 | 0 |
| Waste Management Inc. | COM | 94106L109 |  | 4082 | 26017 | SH |  | SOLE |  | 26017 | 0 | 0 |
| Waters Corporation | COM | 941848103 |  | 326 | 952 | SH |  | SOLE |  | 952 | 0 | 0 |
| Willis Towers Watson Public Lt | COM | G96629103 |  | 236 | 965 | SH |  | SOLE |  | 965 | 0 | 0 |
| Xylem Inc. | COM | 98419M100 |  | 2340 | 21164 | SH |  | SOLE |  | 21164 | 0 | 0 |
| Zscaler Inc. | COM | 98980G102 |  | 1096 | 9793 | SH |  | SOLE |  | 9793 | 0 | 0 |
| FT Energy Income  Growth | COM | 33738G104 |  | 570 | 40177 | SH |  | SOLE |  | 40177 | 0 | 0 |
| Invesco S 500 Eql Wt Energy | ETF | 46137V365 |  | 477 | 6568 | SH |  | SOLE |  | 6568 | 0 | 0 |
| Invesco S 500 Eql Wt Financi | ETF | 46137V340 |  | 214 | 3792 | SH |  | SOLE |  | 3792 | 0 | 0 |
| Invesco S 500 Eql Wt Health | ETF | 46137V332 |  | 373 | 1291 | SH |  | SOLE |  | 1291 | 0 | 0 |
| ProShares S 500 Div Aristocr | ETF | 74348A467 |  | 363 | 4037 | SH |  | SOLE |  | 4037 | 0 | 0 |
| SPDR Trust Ser 1 | ETF | 78462F103 |  | 280 | 731 | SH |  | SOLE |  | 731 | 0 | 0 |
| Schwab Emrg Mkt Eq ETF | ETF | 808524706 |  | 399 | 16876 | SH |  | SOLE |  | 16876 | 0 | 0 |
| Schwab Int'l Equity ETF | ETF | 808524805 |  | 1674 | 51972 | SH |  | SOLE |  | 51972 | 0 | 0 |
| Schwab US Broad Market ETF | ETF | 808524102 |  | 4345 | 96971 | SH |  | SOLE |  | 96971 | 0 | 0 |
| Schwab US Dividend ETF | ETF | 808524797 |  | 1147 | 15190 | SH |  | SOLE |  | 15190 | 0 | 0 |
| Schwab US Lg Cap | ETF | 808524201 |  | 790 | 17501 | SH |  | SOLE |  | 17501 | 0 | 0 |
| Schwab US Mid-Cap ETF | ETF | 808524508 |  | 388 | 5907 | SH |  | SOLE |  | 5907 | 0 | 0 |
| Schwab US REIT | ETF | 808524847 |  | 219 | 11378 | SH |  | SOLE |  | 11378 | 0 | 0 |
| Schwab US Sm Cap ETF | ETF | 808524607 |  | 2471 | 60990 | SH |  | SOLE |  | 60990 | 0 | 0 |
| Vanguard World Financials | ETF | 92204A405 |  | 1519 | 18366 | SH |  | SOLE |  | 18366 | 0 | 0 |
| WisdomTree US Dividend Growth | ETF | 97717X669 |  | 564 | 9342 | SH |  | SOLE |  | 9342 | 0 | 0 |
| Wisdomtree US AI Enhanced Valu | ETF | 97717W406 |  | 842 | 9176 | SH |  | SOLE |  | 9176 | 0 | 0 |

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