# EDGAR Filing Document

**Accession Number:** 0001528214
**File Stem:** 0001420506-25-003180
**Filing Date:** 2025-11
**Character Count:** 24127
**Document Hash:** 8ede942c19ac69722ac72fe7eb3aa24e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-003180.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001420506-25-003180

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Richard Bernstein Advisors LLC
- **CENTRAL INDEX KEY:** 0001528214

**ORGANIZATION NAME:**
- **EIN:** 270193433
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14643
- **FILM NUMBER:** 251476406

**BUSINESS ADDRESS:**
- **STREET 1:** 1251 AVENUE OF THE AMERICAS
- **STREET 2:** SUITE 4102
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
- **BUSINESS PHONE:** 212-692-4000

**MAIL ADDRESS:**
- **STREET 1:** 1251 AVENUE OF THE AMERICAS
- **STREET 2:** SUITE 4102
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Richard Bernstein Advisors LLC<br>**Address:** 1251 Avenue of the Americas<br>Suite 4102<br>NEW YORK, NY 10020

**Form 13F File Number:** 028-14643

**CRD Number (if applicable):** 000153577

**SEC File Number (if applicable):** 801-71501

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:** Michael Meyer<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-692-4030

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

Michael Meyer  Chief Compliance Officer  NEW YORK, NY  11-12-2025<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:** 204

**Form 13F Information Table Value Total:** $3506500126

      (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 |  | 3348232 | 24998 | SH |  | SOLE |  | 22600 | 0 | 2398 |
| ABBVIE INC | COM | 00287Y109 |  | 3093838 | 13362 | SH |  | SOLE |  | 12125 | 0 | 1237 |
| ADOBE INC | COM | 00724F101 |  | 786280 | 2229 | SH |  | SOLE |  | 1983 | 0 | 246 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 2272826 | 14048 | SH |  | SOLE |  | 12662 | 0 | 1386 |
| AIRBNB INC | COM CL A | 009066101 |  | 976096 | 8039 | SH |  | SOLE |  | 7197 | 0 | 842 |
| ALLSTATE CORP | COM | 020002101 |  | 1516717 | 7066 | SH |  | SOLE |  | 6228 | 0 | 838 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 9812386 | 40289 | SH |  | SOLE |  | 36405 | 0 | 3884 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11373433 | 46785 | SH |  | SOLE |  | 42162 | 0 | 4623 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 3276840 | 49604 | SH |  | SOLE |  | 44230 | 0 | 5374 |
| AMAZON COM INC | COM | 023135106 |  | 16236542 | 73947 | SH |  | SOLE |  | 66685 | 0 | 7262 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2214179 | 6666 | SH |  | SOLE |  | 5960 | 0 | 706 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 3321378 | 42289 | SH |  | SOLE |  | 38076 | 0 | 4213 |
| AMGEN INC | COM | 031162100 |  | 1319003 | 4674 | SH |  | SOLE |  | 4238 | 0 | 436 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 2454261 | 126248 | SH |  | SOLE |  | 113696 | 0 | 12552 |
| API GROUP CORP | COM STK | 00187Y100 |  | 2000472 | 58204 | SH |  | SOLE |  | 52461 | 0 | 5743 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1485161 | 11144 | SH |  | SOLE |  | 9981 | 0 | 1163 |
| APPLE INC | COM | 037833100 |  | 30096248 | 118196 | SH |  | SOLE |  | 106412 | 0 | 11784 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 1196365 | 13186 | SH |  | SOLE |  | 11876 | 0 | 1310 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 1561485 | 9766 | SH |  | SOLE |  | 8660 | 0 | 1106 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 2201387 | 15108 | SH |  | SOLE |  | 13196 | 0 | 1912 |
| AT INC | COM | 00206R102 |  | 1848026 | 65440 | SH |  | SOLE |  | 59599 | 0 | 5841 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 891765 | 5584 | SH |  | SOLE |  | 4861 | 0 | 723 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1416138 | 4825 | SH |  | SOLE |  | 4306 | 0 | 519 |
| BANK AMERICA CORP | COM | 060505104 |  | 3243618 | 62873 | SH |  | SOLE |  | 56372 | 0 | 6501 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 890930 | 4760 | SH |  | SOLE |  | 4303 | 0 | 457 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5788549 | 11514 | SH |  | SOLE |  | 10443 | 0 | 1071 |
| BLOCK INC | CL A | 852234103 |  | 1371612 | 18979 | SH |  | SOLE |  | 16900 | 0 | 2079 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 978808 | 57815 | SH |  | SOLE |  | 51966 | 0 | 5849 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2370280 | 439 | SH |  | SOLE |  | 395 | 0 | 44 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 4169192 | 42704 | SH |  | SOLE |  | 38555 | 0 | 4149 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1177291 | 26104 | SH |  | SOLE |  | 23697 | 0 | 2407 |
| BROADCOM INC | COM | 11135F101 |  | 11737538 | 35578 | SH |  | SOLE |  | 32264 | 0 | 3314 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1379219 | 6488 | SH |  | SOLE |  | 5798 | 0 | 690 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 2106718 | 13422 | SH |  | SOLE |  | 12186 | 0 | 1236 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 1806522 | 30260 | SH |  | SOLE |  | 27469 | 0 | 2791 |
| CATERPILLAR INC | COM | 149123101 |  | 2616214 | 5483 | SH |  | SOLE |  | 4937 | 0 | 546 |
| CENCORA INC | COM | 03073E105 |  | 2918405 | 9338 | SH |  | SOLE |  | 8519 | 0 | 819 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 1225925 | 31596 | SH |  | SOLE |  | 28472 | 0 | 3124 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2798792 | 18023 | SH |  | SOLE |  | 16231 | 0 | 1792 |
| CHUBB LIMITED | COM | H1467J104 |  | 1204361 | 4267 | SH |  | SOLE |  | 3844 | 0 | 423 |
| CISCO SYS INC | COM | 17275R102 |  | 1860203 | 27188 | SH |  | SOLE |  | 24527 | 0 | 2661 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1760417 | 17344 | SH |  | SOLE |  | 15505 | 0 | 1839 |
| CME GROUP INC | COM | 12572Q105 |  | 1334198 | 4938 | SH |  | SOLE |  | 4484 | 0 | 454 |
| COCA COLA CO | COM | 191216100 |  | 3616297 | 54528 | SH |  | SOLE |  | 49499 | 0 | 5029 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 2501645 | 27670 | SH |  | SOLE |  | 24931 | 0 | 2739 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2475582 | 30968 | SH |  | SOLE |  | 27594 | 0 | 3374 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 1651593 | 12264 | SH |  | SOLE |  | 10904 | 0 | 1360 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 2882982 | 8761 | SH |  | SOLE |  | 7635 | 0 | 1126 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 1607212 | 50147 | SH |  | SOLE |  | 45295 | 0 | 4852 |
| CORNING INC | COM | 219350105 |  | 2192088 | 26723 | SH |  | SOLE |  | 23903 | 0 | 2820 |
| CORTEVA INC | COM | 22052L104 |  | 1312901 | 19413 | SH |  | SOLE |  | 17551 | 0 | 1862 |
| CSX CORP | COM | 126408103 |  | 1314083 | 37006 | SH |  | SOLE |  | 33097 | 0 | 3909 |
| CVS HEALTH CORP | COM | 126650100 |  | 1399389 | 18562 | SH |  | SOLE |  | 16718 | 0 | 1844 |
| DEERE  CO | COM | 244199105 |  | 1447228 | 3165 | SH |  | SOLE |  | 2862 | 0 | 303 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1558639 | 27465 | SH |  | SOLE |  | 23907 | 0 | 3558 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1595681 | 26086 | SH |  | SOLE |  | 23506 | 0 | 2580 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1714928 | 13858 | SH |  | SOLE |  | 12486 | 0 | 1372 |
| EATON CORP PLC | SHS | G29183103 |  | 3125362 | 8351 | SH |  | SOLE |  | 7482 | 0 | 869 |
| EDISON INTL | COM | 281020107 |  | 1376416 | 24899 | SH |  | SOLE |  | 22680 | 0 | 2219 |
| ELI LILLY  CO | COM | 532457108 |  | 5072424 | 6648 | SH |  | SOLE |  | 5978 | 0 | 670 |
| ENACT HLDGS INC | COM | 29249E109 |  | 1831042 | 47758 | SH |  | SOLE |  | 40671 | 0 | 7087 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 2197980 | 23586 | SH |  | SOLE |  | 21340 | 0 | 2246 |
| EQUINIX INC | COM | 29444U700 |  | 1071472 | 1368 | SH |  | SOLE |  | 1221 | 0 | 147 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 1806550 | 35576 | SH |  | SOLE |  | 32152 | 0 | 3424 |
| EXELON CORP | COM | 30161N101 |  | 2537934 | 56386 | SH |  | SOLE |  | 51075 | 0 | 5311 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2684239 | 23807 | SH |  | SOLE |  | 21440 | 0 | 2367 |
| FEDEX CORP | COM | 31428X106 |  | 839484 | 3560 | SH |  | SOLE |  | 3192 | 0 | 368 |
| FIDELITY COVINGTON TRUST | MSCI CONSM DIS | 316092204 |  | 50594305 | 492170 | SH |  | SOLE |  | 233165 | 0 | 259005 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 311233706 | 1362189 | SH |  | SOLE |  | 650200 | 0 | 711989 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1600628 | 24274 | SH |  | SOLE |  | 21601 | 0 | 2673 |
| FIRSTENERGY CORP | COM | 337932107 |  | 2520192 | 55002 | SH |  | SOLE |  | 49513 | 0 | 5489 |
| FORD MTR CO | COM | 345370860 |  | 1166303 | 97517 | SH |  | SOLE |  | 88391 | 0 | 9126 |
| FORTIVE CORP | COM | 34959J108 |  | 1456865 | 29738 | SH |  | SOLE |  | 26692 | 0 | 3046 |
| FOX CORP | CL B COM | 35137L204 |  | 2055336 | 35876 | SH |  | SOLE |  | 32390 | 0 | 3486 |
| GE AEROSPACE | COM NEW | 369604301 |  | 4804697 | 15972 | SH |  | SOLE |  | 14465 | 0 | 1507 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 2165208 | 28831 | SH |  | SOLE |  | 25884 | 0 | 2947 |
| GE VERNOVA INC | COM | 36828A101 |  | 2499568 | 4065 | SH |  | SOLE |  | 3616 | 0 | 449 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2904638 | 8518 | SH |  | SOLE |  | 7747 | 0 | 771 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2602728 | 23448 | SH |  | SOLE |  | 21121 | 0 | 2327 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 760955 | 21232 | SH |  | SOLE |  | 18806 | 0 | 2426 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1661186 | 2086 | SH |  | SOLE |  | 1869 | 0 | 217 |
| GRANITESHARES GOLD TR | SHS BEN INT | 38748G101 |  | 86379401 | 2230019 | SH |  | SOLE |  | 1182989 | 0 | 1047030 |
| HAMILTON LANE INC | CL A | 407497106 |  | 1477298 | 10960 | SH |  | SOLE |  | 9900 | 0 | 1060 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1848785 | 13860 | SH |  | SOLE |  | 12259 | 0 | 1601 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1828824 | 4291 | SH |  | SOLE |  | 3904 | 0 | 387 |
| HOME DEPOT INC | COM | 437076102 |  | 1874004 | 4625 | SH |  | SOLE |  | 4129 | 0 | 496 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1221322 | 5802 | SH |  | SOLE |  | 5237 | 0 | 565 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 1942121 | 9459 | SH |  | SOLE |  | 8492 | 0 | 967 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 3310989 | 16873 | SH |  | SOLE |  | 15316 | 0 | 1557 |
| HP INC | COM | 40434L105 |  | 940987 | 34557 | SH |  | SOLE |  | 30758 | 0 | 3799 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1261035 | 4836 | SH |  | SOLE |  | 4369 | 0 | 467 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 1031676 | 12487 | SH |  | SOLE |  | 11151 | 0 | 1336 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2491473 | 8830 | SH |  | SOLE |  | 7962 | 0 | 868 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 2026399 | 4531 | SH |  | SOLE |  | 4053 | 0 | 478 |
| INVESCO EXCH TRADED FD TR II | NATL AMT MUNI | 46138E537 |  | 71305464 | 3071002 | SH |  | SOLE |  | 1587577 | 0 | 1483426 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 507932 | 10890 | SH |  | SOLE |  | 10800 | 0 | 90 |
| INVESCO EXCHANGE TRADED FD T | S EQL DIS | 46137V381 |  | 44238 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 832127 | 4381 | SH |  | SOLE |  | 3860 | 0 | 521 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 114809 | 1847 | SH |  | SOLE |  | 1847 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 195308076 | 2831289 | SH |  | SOLE |  | 1672966 | 0 | 1158323 |
| ISHARES TR | GLOB HLTHCRE ETF | 464287325 |  | 117352821 | 1308385 | SH |  | SOLE |  | 603623 | 0 | 704761 |
| ISHARES TR | GLOBAL FINLS ETF | 464287333 |  | 228 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 34470 | 244 | SH |  | SOLE |  | 244 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 1036 | 11 | SH |  | SOLE |  | 11 | 0 | 0 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 111033901 | 1074047 | SH |  | SOLE |  | 542889 | 0 | 531158 |
| ISHARES TR | GLOB INDSTRL ETF | 464288729 |  | 41525195 | 240338 | SH |  | SOLE |  | 16537 | 0 | 223801 |
| ISHARES TR | GLB CNSM STP ETF | 464288737 |  | 46491 | 732 | SH |  | SOLE |  | 732 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 5254689 | 25090 | SH |  | SOLE |  | 6485 | 0 | 18605 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 215445 | 3310 | SH |  | SOLE |  | 3310 | 0 | 0 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 2522 | 53 | SH |  | SOLE |  | 53 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 73470 | 1156 | SH |  | SOLE |  | 1156 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 13243535 | 68090 | SH |  | SOLE |  | 9486 | 0 | 58604 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 467374798 | 10533655 | SH |  | SOLE |  | 5743141 | 0 | 4790514 |
| ISHARES TR | ESG AWARE 60/40 | 46436E676 |  | 149682 | 4223 | SH |  | SOLE |  | 4223 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 17611 | 256 | SH |  | SOLE |  | 256 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA | 46641Q225 |  | 53879 | 618 | SH |  | SOLE |  | 618 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 14174 | 279 | SH |  | SOLE |  | 279 | 0 | 0 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 |  | 409732208 | 8951956 | SH |  | SOLE |  | 4616598 | 0 | 4335358 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4318617 | 23291 | SH |  | SOLE |  | 20982 | 0 | 2309 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 1930282 | 17556 | SH |  | SOLE |  | 15745 | 0 | 1811 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 7075726 | 22432 | SH |  | SOLE |  | 20206 | 0 | 2226 |
| KENVUE INC | COM | 49177J102 |  | 1775059 | 109369 | SH |  | SOLE |  | 97339 | 0 | 12030 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2415927 | 19430 | SH |  | SOLE |  | 17296 | 0 | 2134 |
| KKR  CO INC | COM | 48251W104 |  | 1534060 | 11805 | SH |  | SOLE |  | 10490 | 0 | 1315 |
| KRANESHARES TRUST | QUADRTC INT RT | 500767736 |  | 5744 | 299 | SH |  | SOLE |  | 299 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 1142869 | 16954 | SH |  | SOLE |  | 15273 | 0 | 1681 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1236605 | 4049 | SH |  | SOLE |  | 3625 | 0 | 424 |
| LINDE PLC | SHS | G54950103 |  | 2023975 | 4261 | SH |  | SOLE |  | 3852 | 0 | 409 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1468676 | 2942 | SH |  | SOLE |  | 2661 | 0 | 281 |
| MARKEL GROUP INC | COM | 570535104 |  | 3346791 | 1751 | SH |  | SOLE |  | 1578 | 0 | 173 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1453486 | 17289 | SH |  | SOLE |  | 14774 | 0 | 2515 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2251350 | 3958 | SH |  | SOLE |  | 3565 | 0 | 393 |
| MCKESSON CORP | COM | 58155Q103 |  | 3036082 | 3930 | SH |  | SOLE |  | 3586 | 0 | 344 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1924705 | 20209 | SH |  | SOLE |  | 18197 | 0 | 2012 |
| MERCK  CO INC | COM | 58933Y105 |  | 1742387 | 20760 | SH |  | SOLE |  | 18815 | 0 | 1945 |
| META PLATFORMS INC | CL A | 30303M102 |  | 12724602 | 17327 | SH |  | SOLE |  | 15681 | 0 | 1646 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1779448 | 10635 | SH |  | SOLE |  | 9606 | 0 | 1029 |
| MICROSOFT CORP | COM | 594918104 |  | 29296806 | 56563 | SH |  | SOLE |  | 51110 | 0 | 5453 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2082187 | 33331 | SH |  | SOLE |  | 30030 | 0 | 3301 |
| NEWS CORP NEW | CL B | 65249B208 |  | 1549326 | 44843 | SH |  | SOLE |  | 40113 | 0 | 4730 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1382297 | 18311 | SH |  | SOLE |  | 16501 | 0 | 1810 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2641402 | 4335 | SH |  | SOLE |  | 3944 | 0 | 391 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 1690591 | 17139 | SH |  | SOLE |  | 15178 | 0 | 1961 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 36314065 | 194630 | SH |  | SOLE |  | 174783 | 0 | 19847 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 1252500 | 13699 | SH |  | SOLE |  | 12442 | 0 | 1257 |
| PACCAR INC | COM | 693718108 |  | 1921960 | 19548 | SH |  | SOLE |  | 17605 | 0 | 1943 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1141495 | 17022 | SH |  | SOLE |  | 15241 | 0 | 1781 |
| PEPSICO INC | COM | 713448108 |  | 2848404 | 20282 | SH |  | SOLE |  | 18272 | 0 | 2010 |
| PFIZER INC | COM | 717081103 |  | 1329266 | 52169 | SH |  | SOLE |  | 47088 | 0 | 5081 |
| PG CORP | COM | 69331C108 |  | 2121470 | 140681 | SH |  | SOLE |  | 127945 | 0 | 12736 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3470107 | 21394 | SH |  | SOLE |  | 19274 | 0 | 2120 |
| PPL CORP | COM | 69351T106 |  | 2513688 | 67645 | SH |  | SOLE |  | 60958 | 0 | 6687 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2402011 | 15633 | SH |  | SOLE |  | 14083 | 0 | 1550 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1607398 | 6509 | SH |  | SOLE |  | 5862 | 0 | 647 |
| PROLOGIS INC. | COM | 74340W103 |  | 888332 | 7757 | SH |  | SOLE |  | 6956 | 0 | 801 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1048604 | 10108 | SH |  | SOLE |  | 9167 | 0 | 941 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 1291794 | 15478 | SH |  | SOLE |  | 13950 | 0 | 1528 |
| RALLIANT CORP | COM | 750940108 |  | 433452 | 9912 | SH |  | SOLE |  | 8897 | 0 | 1015 |
| REALTY INCOME CORP | COM | 756109104 |  | 873187 | 14364 | SH |  | SOLE |  | 12736 | 0 | 1628 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 742759 | 1321 | SH |  | SOLE |  | 1181 | 0 | 140 |
| RTX CORPORATION | COM | 75513E101 |  | 2083593 | 12452 | SH |  | SOLE |  | 11312 | 0 | 1140 |
| S GLOBAL INC | COM | 78409V104 |  | 3552009 | 7298 | SH |  | SOLE |  | 6582 | 0 | 716 |
| SALESFORCE INC | COM | 79466L302 |  | 1432665 | 6045 | SH |  | SOLE |  | 5377 | 0 | 668 |
| SCHNEIDER NATIONAL INC | CL B | 80689H102 |  | 768848 | 36335 | SH |  | SOLE |  | 32240 | 0 | 4095 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 56092169 | 724175 | SH |  | SOLE |  | 342343 | 0 | 381832 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 9185 | 104 | SH |  | SOLE |  | 91 | 0 | 13 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 66023895 | 1226089 | SH |  | SOLE |  | 108621 | 0 | 1117468 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 21047 | 70 | SH |  | SOLE |  | 70 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 79885931 | 683791 | SH |  | SOLE |  | 322382 | 0 | 361409 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 47697525 | 541973 | SH |  | SOLE |  | 250158 | 0 | 291815 |
| SEMPRA | COM | 816851109 |  | 1468384 | 16319 | SH |  | SOLE |  | 14705 | 0 | 1614 |
| SOUTHERN CO | COM | 842587107 |  | 1777601 | 18757 | SH |  | SOLE |  | 16902 | 0 | 1855 |
| SPDR SERIES TRUST | PORTFLI INTRMDIT | 78464A672 |  | 232142771 | 8024019 | SH |  | SOLE |  | 4375809 | 0 | 3648210 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 144349102 | 1039379 | SH |  | SOLE |  | 473123 | 0 | 566255 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 208312735 | 7103678 | SH |  | SOLE |  | 3596331 | 0 | 3507347 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 389 | 4 | SH |  | SOLE |  | 4 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 251677 | 5481 | SH |  | SOLE |  | 5481 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1511950 | 4090 | SH |  | SOLE |  | 3678 | 0 | 412 |
| SYSCO CORP | COM | 871829107 |  | 1450008 | 17610 | SH |  | SOLE |  | 15864 | 0 | 1746 |
| TARGA RES CORP | COM | 87612G101 |  | 2214209 | 13216 | SH |  | SOLE |  | 11905 | 0 | 1311 |
| TESLA INC | COM | 88160R101 |  | 9841209 | 22129 | SH |  | SOLE |  | 19963 | 0 | 2166 |
| THE CIGNA GROUP | COM | 125523100 |  | 1078632 | 3742 | SH |  | SOLE |  | 3371 | 0 | 371 |
| TPG INC | COM CL A | 872657101 |  | 1567006 | 27276 | SH |  | SOLE |  | 24411 | 0 | 2865 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 1397017 | 12588 | SH |  | SOLE |  | 11169 | 0 | 1419 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1578552 | 3741 | SH |  | SOLE |  | 3370 | 0 | 371 |
| TYSON FOODS INC | CL A | 902494103 |  | 1213659 | 22351 | SH |  | SOLE |  | 20134 | 0 | 2217 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 |  | 947707 | 18619 | SH |  | SOLE |  | 16688 | 0 | 1931 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2384394 | 24338 | SH |  | SOLE |  | 21828 | 0 | 2510 |
| UNION PAC CORP | COM | 907818108 |  | 1229360 | 5201 | SH |  | SOLE |  | 4679 | 0 | 522 |
| UNITED RENTALS INC | COM | 911363109 |  | 1684975 | 1765 | SH |  | SOLE |  | 1572 | 0 | 193 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2783118 | 8060 | SH |  | SOLE |  | 7289 | 0 | 771 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 315078910 | 1692463 | SH |  | SOLE |  | 813852 | 0 | 878611 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 574116 | 4084 | SH |  | SOLE |  | 4084 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 179672 | 2237 | SH |  | SOLE |  | 2208 | 0 | 29 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1445935 | 3692 | SH |  | SOLE |  | 3367 | 0 | 325 |
| VICI PPTYS INC | COM | 925652109 |  | 2826668 | 86681 | SH |  | SOLE |  | 78798 | 0 | 7883 |
| VISA INC | COM CL A | 92826C839 |  | 1972153 | 5777 | SH |  | SOLE |  | 5323 | 0 | 454 |
| VISTRA CORP | COM | 92840M102 |  | 1924522 | 9823 | SH |  | SOLE |  | 8585 | 0 | 1238 |
| WALMART INC | COM | 931142103 |  | 5246063 | 50903 | SH |  | SOLE |  | 45021 | 0 | 5882 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1476249 | 6685 | SH |  | SOLE |  | 6043 | 0 | 642 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2617699 | 31230 | SH |  | SOLE |  | 27995 | 0 | 3235 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 2180290 | 18160 | SH |  | SOLE |  | 15532 | 0 | 2628 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 1550979 | 20288 | SH |  | SOLE |  | 470 | 0 | 19818 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 1495625 | 15184 | SH |  | SOLE |  | 13855 | 0 | 1329 |

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