# EDGAR Filing Document

**Accession Number:** 0000859872
**File Stem:** 0001398344-25-020923
**Filing Date:** 2025-11
**Character Count:** 30389
**Document Hash:** 2e08ea6a75a7923e2a385f1fd63305c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-020923.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001398344-25-020923

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KLINGENSTEIN FIELDS & CO LP
- **CENTRAL INDEX KEY:** 0000859872

**ORGANIZATION NAME:**
- **EIN:** 133479093
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-02588
- **FILM NUMBER:** 251481792

**BUSINESS ADDRESS:**
- **STREET 1:** 125 PARK AVENUE
- **STREET 2:** SUITE 1700
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2124927000

**MAIL ADDRESS:**
- **STREET 1:** 125 PARK AVENUE
- **STREET 2:** SUITE 1700
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KLINGENSTEIN, FIELDS & CO., L.P.
- **DATE OF NAME CHANGE:** 20201009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KLINGENSTEIN FIELDS & CO LLC
- **DATE OF NAME CHANGE:** 19990325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KLINGENSTEIN FIELDS & CO L P
- **DATE OF NAME CHANGE:** 19980824

### 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:** KLINGENSTEIN FIELDS  CO LP<br>**Address:** 125 PARK AVENUE<br>SUITE 1700<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-02588

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:** Maria Chambers<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-492-6169

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

Maria Chambers  New York, NY  11-11-2025<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:** 1

**Form 13F Information Table Entry Total:** 265

**Form 13F Information Table Value Total:** $2648377199

      (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   |
|:---|:---|:---|
|  | BRANDYWINE TRUST CO | 028-06291              |

### 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 | COMMON | 88579Y101 |  | 18730226 | 120700 | SH |  | SOLE |  | 120700 | 0 | 0 |
| ABBOTT LABS | COMMON | 002824100 |  | 3543115 | 26453 | SH |  | DFND | 1 | 26453 | 0 | 0 |
| ABBOTT LABS | COMMON | 002824100 |  | 11490177 | 85786 | SH |  | SOLE |  | 73430 | 0 | 12356 |
| ABBVIE INC | COMMON | 00287Y109 |  | 1200535 | 5185 | SH |  | SOLE |  | 5185 | 0 | 0 |
| ACCENTURE PLC | CLASS A | G1151C101 |  | 3883950 | 15750 | SH |  | DFND | 1 | 15750 | 0 | 0 |
| ACCENTURE PLC | CLASS A | G1151C101 |  | 11633355 | 47175 | SH |  | SOLE |  | 42055 | 0 | 5120 |
| ADOBE INC | COMMON | 00724F101 |  | 2071701 | 5873 | SH |  | DFND | 1 | 5873 | 0 | 0 |
| ADOBE INC | COMMON | 00724F101 |  | 7048298 | 19981 | SH |  | SOLE |  | 17479 | 0 | 2502 |
| AEROVIRONMENT INC | COMMON | 008073108 |  | 314890 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| AIR PRODS  CHEMS | COMMON | 009158106 |  | 254448 | 933 | SH |  | SOLE |  | 933 | 0 | 0 |
| AIRBNB INC | CLASS A | 009066101 |  | 1369253 | 11277 | SH |  | DFND | 1 | 11277 | 0 | 0 |
| AIRBNB INC | CLASS A | 009066101 |  | 2917965 | 24032 | SH |  | SOLE |  | 23472 | 0 | 560 |
| ALIBABA GROUP HLDG | SPN ADS 8 ORD SHS | 01609W102 |  | 250222 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| ALLSTATE CORP | COMMON | 020002101 |  | 2863002 | 13338 | SH |  | SOLE |  | 13338 | 0 | 0 |
| ALPHABET INC | CLASS A | 02079K305 |  | 35996546 | 148073 | SH |  | DFND | 1 | 148073 | 0 | 0 |
| ALPHABET INC | CLASS C | 02079K107 |  | 18998118 | 78005 | SH |  | DFND | 1 | 78005 | 0 | 0 |
| ALPHABET INC | CLASS A | 02079K305 |  | 72377677 | 297728 | SH |  | SOLE |  | 272790 | 0 | 24938 |
| ALPHABET INC | CLASS C | 02079K107 |  | 27039408 | 111022 | SH |  | SOLE |  | 97722 | 0 | 13300 |
| ALTRIA GROUP INC | COMMON | 02209S103 |  | 1015012 | 15365 | SH |  | SOLE |  | 15365 | 0 | 0 |
| AMAZON COM INC | COMMON | 023135106 |  | 28160950 | 128255 | SH |  | DFND | 1 | 128255 | 0 | 0 |
| AMAZON COM INC | COMMON | 023135106 |  | 52997611 | 241370 | SH |  | SOLE |  | 213356 | 0 | 28014 |
| AMERICAN EXPRESS CO | COMMON | 025816109 |  | 11015422 | 33163 | SH |  | DFND | 1 | 33163 | 0 | 0 |
| AMERICAN EXPRESS CO | COMMON | 025816109 |  | 1479900 | 4455 | SH |  | SOLE |  | 4455 | 0 | 0 |
| AMERICAN TOWER CORP | COMMON | 03027X100 |  | 8476119 | 44073 | SH |  | DFND | 1 | 44073 | 0 | 0 |
| AMERICAN TOWER CORP | COMMON | 03027X100 |  | 17483811 | 90910 | SH |  | SOLE |  | 81347 | 0 | 9563 |
| AMERIPRISE FINANCIAL | COMMON | 03076C106 |  | 8545785 | 17396 | SH |  | DFND | 1 | 17396 | 0 | 0 |
| AMGEN INC | COMMON | 031162100 |  | 322272 | 1142 | SH |  | SOLE |  | 1142 | 0 | 0 |
| AMPHENOL CORPORATION | CLASS A | 032095101 |  | 658845 | 5324 | SH |  | SOLE |  | 5324 | 0 | 0 |
| APPLE INC | COMMON | 037833100 |  | 29313260 | 115121 | SH |  | DFND | 1 | 115121 | 0 | 0 |
| APPLE INC | COMMON | 037833100 |  | 64424816 | 253013 | SH |  | SOLE |  | 225362 | 0 | 27651 |
| ARK ETF TRUST ARK | INNOVATION ETF | 00214Q104 |  | 257394 | 2976 | SH |  | SOLE |  | 2976 | 0 | 0 |
| AT INC | COMMON | 00206R102 |  | 210077 | 7439 | SH |  | SOLE |  | 7439 | 0 | 0 |
| AUTOMATIC DATA PROC | COMMON | 053015103 |  | 1428758 | 4868 | SH |  | SOLE |  | 4868 | 0 | 0 |
| BANK OF AMERICA CORP | COMMON | 060505104 |  | 1576694 | 30562 | SH |  | DFND | 1 | 30562 | 0 | 0 |
| BANK OF AMERICA CORP | COMMON | 060505104 |  | 1210353 | 23461 | SH |  | SOLE |  | 23461 | 0 | 0 |
| BANK OF NEW YORK MEL | COMMON | 064058100 |  | 1727234 | 15852 | SH |  | SOLE |  | 15852 | 0 | 0 |
| BERKSHIRE HATHAWAY | CLASS A | 084670108 |  | 3016800 | 4 | SH |  | DFND | 1 | 4 | 0 | 0 |
| BERKSHIRE HATHAWAY | CLASS B | 084670702 |  | 39919064 | 79403 | SH |  | DFND | 1 | 79403 | 0 | 0 |
| BERKSHIRE HATHAWAY | CLASS A | 084670108 |  | 2262600 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| BERKSHIRE HATHAWAY | CLASS B | 084670702 |  | 56797052 | 112975 | SH |  | SOLE |  | 105045 | 0 | 7930 |
| BIOGEN INC | COMMON | 09062X103 |  | 382558 | 2731 | SH |  | SOLE |  | 2731 | 0 | 0 |
| BLACKROCK INC | COMMON | 09290D101 |  | 363751 | 312 | SH |  | SOLE |  | 312 | 0 | 0 |
| BROADCOM INC | COMMON | 11135F101 |  | 76983179 | 233346 | SH |  | DFND | 1 | 233346 | 0 | 0 |
| BROADCOM INC | COMMON | 11135F101 |  | 96193178 | 291574 | SH |  | SOLE |  | 264818 | 0 | 26756 |
| BROOKFIELD CORP | CL A LIMITED VOT SHS | 11271J107 |  | 6362372 | 92773 | SH |  | DFND | 1 | 92773 | 0 | 0 |
| BROOKFIELD CORP | CL A LIMITED VOT SHS | 11271J107 |  | 24642166 | 359320 | SH |  | SOLE |  | 304320 | 0 | 55000 |
| BROOKFIELD RENEWABLE | CLASS A EXCH SUB VTG | 11285B108 |  | 601662 | 17480 | SH |  | SOLE |  | 6220 | 0 | 11260 |
| CABOT CORP | COMMON | 127055101 |  | 312185 | 4105 | SH |  | SOLE |  | 4105 | 0 | 0 |
| CANADIAN PACIFIC KC | COMMON | 13646K108 |  | 960251 | 12891 | SH |  | SOLE |  | 12891 | 0 | 0 |
| CATERPILLAR INC | COMMON | 149123101 |  | 1252996 | 2626 | SH |  | SOLE |  | 2626 | 0 | 0 |
| CHEVRON CORP | COMMON | 166764100 |  | 2097036 | 13504 | SH |  | DFND | 1 | 13504 | 0 | 0 |
| CHEVRON CORP | COMMON | 166764100 |  | 7567748 | 48733 | SH |  | SOLE |  | 43758 | 0 | 4975 |
| CHUBB LIMITED | COMMON | H1467J104 |  | 7676071 | 27196 | SH |  | DFND | 1 | 27196 | 0 | 0 |
| CHUBB LIMITED | COMMON | H1467J104 |  | 22027072 | 78041 | SH |  | SOLE |  | 68401 | 0 | 9640 |
| CISCO SYSTEMS INC | COMMON | 17275R102 |  | 291401 | 4259 | SH |  | SOLE |  | 4259 | 0 | 0 |
| CITIZENS FINANCIAL | COMMON | 174610105 |  | 340330 | 6402 | SH |  | SOLE |  | 6402 | 0 | 0 |
| COCA-COLA CO | COMMON | 191216100 |  | 2077607 | 31327 | SH |  | SOLE |  | 31327 | 0 | 0 |
| COINBASE GLOBAL INC | COM USD0.00001 CL A | 19260Q107 |  | 264592 | 784 | SH |  | SOLE |  | 784 | 0 | 0 |
| COLGATE PALMOLIVE CO | COMMON | 194162103 |  | 4885133 | 61110 | SH |  | DFND | 1 | 61110 | 0 | 0 |
| COLGATE PALMOLIVE CO | COMMON | 194162103 |  | 19190316 | 240059 | SH |  | SOLE |  | 240059 | 0 | 0 |
| COMCAST CORP | CLASS A | 20030N101 |  | 4179834 | 133031 | SH |  | DFND | 1 | 133031 | 0 | 0 |
| COMCAST CORP | CLASS A | 20030N101 |  | 924345 | 29419 | SH |  | SOLE |  | 29419 | 0 | 0 |
| CONSTELLATION ENERGY | COMMON | 21037T109 |  | 295834 | 899 | SH |  | SOLE |  | 899 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 224937 | 3326 | SH |  | SOLE |  | 3326 | 0 | 0 |
| COSTCO WHSL CORP | COMMON | 22160K105 |  | 15322879 | 16554 | SH |  | DFND | 1 | 16554 | 0 | 0 |
| COSTCO WHSL CORP | COMMON | 22160K105 |  | 31913344 | 34477 | SH |  | SOLE |  | 31419 | 0 | 3058 |
| CSX CORP | COMMON | 126408103 |  | 651289 | 18341 | SH |  | SOLE |  | 18341 | 0 | 0 |
| CVS HEALTH CORP | COMMON | 126650100 |  | 283089 | 3755 | SH |  | SOLE |  | 3755 | 0 | 0 |
| DANAHER CORP | COMMON | 235851102 |  | 2935438 | 14806 | SH |  | DFND | 1 | 14806 | 0 | 0 |
| DANAHER CORP | COMMON | 235851102 |  | 8121523 | 40964 | SH |  | SOLE |  | 35666 | 0 | 5298 |
| DUPONT DE NEMOURS | COM | 26614N102 |  | 4858311 | 62366 | SH |  | DFND | 1 | 62366 | 0 | 0 |
| DUPONT DE NEMOURS | COM | 26614N102 |  | 15025586 | 192883 | SH |  | SOLE |  | 172355 | 0 | 20528 |
| EATON CORPORATION | COMMON | G29183103 |  | 8388065 | 22413 | SH |  | DFND | 1 | 22413 | 0 | 0 |
| EATON CORPORATION | COMMON | G29183103 |  | 26109551 | 69765 | SH |  | SOLE |  | 56122 | 0 | 13643 |
| ETF MSCI ACWI EXUS | SPDR INDX SH FUNDS | 78463X848 |  | 436360 | 12496 | SH |  | SOLE |  | 12496 | 0 | 0 |
| EXELIXIS INC | COMMON | 30161Q104 |  | 289100 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| EXXON MOBIL CORP | COMMON | 30231G102 |  | 2452538 | 21752 | SH |  | DFND | 1 | 21752 | 0 | 0 |
| EXXON MOBIL CORP | COMMON | 30231G102 |  | 8761464 | 77707 | SH |  | SOLE |  | 70418 | 0 | 7289 |
| F N B CORP | COM | 302520101 |  | 265042 | 16452 | SH |  | SOLE |  | 16452 | 0 | 0 |
| FASTENAL CO | COMMON | 311900104 |  | 256675 | 5234 | SH |  | SOLE |  | 5234 | 0 | 0 |
| FEDEX CORP | COMMON | 31428X106 |  | 416205 | 1765 | SH |  | SOLE |  | 1765 | 0 | 0 |
| FIDELITY NATIONAL FI | FNF GROUP COM | 31620R303 |  | 287993 | 4761 | SH |  | SOLE |  | 4761 | 0 | 0 |
| FORTIVE CORPORATION | COMMON STOCK | 34959J108 |  | 5581186 | 113925 | SH |  | DFND | 1 | 113925 | 0 | 0 |
| FORTIVE CORPORATION | COMMON STOCK | 34959J108 |  | 8522202 | 173958 | SH |  | SOLE |  | 153907 | 0 | 20051 |
| GE AEROSPACE | COM NEW | 369604301 |  | 4238554 | 14090 | SH |  | DFND | 1 | 14090 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 10196896 | 33897 | SH |  | SOLE |  | 33189 | 0 | 708 |
| GE VERNOVA INC | COMMON STOCK | 36828A101 |  | 206606 | 336 | SH |  | SOLE |  | 336 | 0 | 0 |
| GENERAL DYNAMICS | COMMON | 369550108 |  | 229152 | 672 | SH |  | SOLE |  | 672 | 0 | 0 |
| GENERAL MOTORS CO | COMMON | 37045V100 |  | 253513 | 4158 | SH |  | SOLE |  | 4158 | 0 | 0 |
| GILEAD SCIENCES INC | COMMON | 375558103 |  | 981129 | 8839 | SH |  | SOLE |  | 8839 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 4657677 | 32578 | SH |  | DFND | 1 | 32578 | 0 | 0 |
| GOLDMAN SACHS GROUP | COMMON | 38141G104 |  | 23395170 | 29378 | SH |  | DFND | 1 | 29378 | 0 | 0 |
| GOLDMAN SACHS GROUP | COMMON | 38141G104 |  | 40926019 | 51392 | SH |  | SOLE |  | 45857 | 0 | 5535 |
| GRAYSCALE BITCOIN | BITCOIN TRUST ETF | 389637109 |  | 298126 | 3321 | SH |  | SOLE |  | 3321 | 0 | 0 |
| HF SINCLAIR CORPORAT | COMMON | 403949100 |  | 314040 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| HOME DEPOT INC | COMMON | 437076102 |  | 6221287 | 15354 | SH |  | DFND | 1 | 15354 | 0 | 0 |
| HOME DEPOT INC | COMMON | 437076102 |  | 21523489 | 53119 | SH |  | SOLE |  | 45343 | 0 | 7777 |
| HONEYWELL INTL INC | COMMON | 438516106 |  | 11626968 | 55235 | SH |  | DFND | 1 | 55235 | 0 | 0 |
| HONEYWELL INTL INC | COMMON | 438516106 |  | 23244673 | 110426 | SH |  | SOLE |  | 100049 | 0 | 10377 |
| ILLINOIS TOOL WORKS | COMMON | 452308109 |  | 5457446 | 20929 | SH |  | DFND | 1 | 20929 | 0 | 0 |
| ILLINOIS TOOL WORKS | COMMON | 452308109 |  | 2433152 | 9331 | SH |  | SOLE |  | 9331 | 0 | 0 |
| INTER CONTINENTAL EX | COM | 45866F104 |  | 565419 | 3356 | SH |  | SOLE |  | 3356 | 0 | 0 |
| INTERNATIONAL PAPER | COMMON | 460146103 |  | 527336 | 11365 | SH |  | DFND | 1 | 11365 | 0 | 0 |
| INTL BUSINESS MCHN | COMMON | 459200101 |  | 3697142 | 13103 | SH |  | SOLE |  | 13103 | 0 | 0 |
| INTUITIVE SURGIC INC | COMMON | 46120E602 |  | 13366810 | 29888 | SH |  | DFND | 1 | 29888 | 0 | 0 |
| INTUITIVE SURGIC INC | COMMON | 46120E602 |  | 22909804 | 51226 | SH |  | SOLE |  | 44398 | 0 | 6828 |
| INVESCO CURRENCY SHS | BRITISH POUND STERLI | 46138M109 |  | 517720 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| INVESCO CURRENCY SHS | EURO CURRENCY TRUST | 46138K103 |  | 527003 | 4863 | SH |  | SOLE |  | 4863 | 0 | 0 |
| INVESCO ETF TR | WATER RESOURCE | 46137V142 |  | 252385 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| INVESCO QQQ TR | QQQ TRUST SERIES 1 | 46090E103 |  | 8058166 | 13422 | SH |  | DFND | 1 | 13422 | 0 | 0 |
| INVESCO QQQ TR | QQQ TRUST SERIES 1 | 46090E103 |  | 32699752 | 54466 | SH |  | SOLE |  | 54459 | 0 | 7 |
| IQVIA HOLDINGS INC | COMMON | 46266C105 |  | 250911 | 1321 | SH |  | SOLE |  | 1321 | 0 | 0 |
| ISHARES | MSCI EAFE ETF | 464287465 |  | 3381460 | 36216 | SH |  | SOLE |  | 36216 | 0 | 0 |
| ISHARES | RUS 1000 ETF | 464287622 |  | 487550 | 1334 | SH |  | SOLE |  | 1334 | 0 | 0 |
| ISHARES | RUS 1000 GRW ETF | 464287614 |  | 245990 | 525 | SH |  | SOLE |  | 525 | 0 | 0 |
| ISHARES | RUS 1000 VAL ETF | 464287598 |  | 666214 | 3272 | SH |  | SOLE |  | 3272 | 0 | 0 |
| ISHARES | RUS 2000 GRW ETF | 464287648 |  | 425973 | 1331 | SH |  | SOLE |  | 1331 | 0 | 0 |
| ISHARES | RUS 2000 VAL ETF | 464287630 |  | 633333 | 3582 | SH |  | SOLE |  | 3582 | 0 | 0 |
| ISHARES | RUSSELL 2000 ETF | 464287655 |  | 391730 | 1619 | SH |  | SOLE |  | 1619 | 0 | 0 |
| ISHARES | RUSSELL 3000 ETF | 464287689 |  | 5631960 | 14862 | SH |  | SOLE |  | 14862 | 0 | 0 |
| ISHARES | S 500 GRWT ETF | 464287309 |  | 213071 | 1765 | SH |  | SOLE |  | 1765 | 0 | 0 |
| ISHARES | SP SMCP600VL ETF | 464287879 |  | 1521497 | 13758 | SH |  | SOLE |  | 13758 | 0 | 0 |
| ISHARES BITCOIN TR | SHS | 46438F101 |  | 254215 | 3911 | SH |  | SOLE |  | 3911 | 0 | 0 |
| ISHARES MSCI USA | EQUAL WEIGHTED ETF | 464286681 |  | 1647520 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| ISHARES TR | CORE S SMALL-CAP | 464287804 |  | 3133072 | 26366 | SH |  | SOLE |  | 26366 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 302059 | 1553 | SH |  | SOLE |  | 1553 | 0 | 0 |
| ISHARES TR | RUSEL 2500 ETF | 46435G268 |  | 1673671 | 22700 | SH |  | SOLE |  | 22700 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 792776 | 7128 | SH |  | SOLE |  | 7128 | 0 | 0 |
| ISHARES TRUST | CORE S 500 ETF | 464287200 |  | 14782486 | 22086 | SH |  | SOLE |  | 22086 | 0 | 0 |
| ISHARES TRUST | ISHARES CORE US REIT | 464288521 |  | 344510 | 5867 | SH |  | SOLE |  | 5867 | 0 | 0 |
| ISHARES TRUST CORE | S TOTAL US STK MKT | 464287150 |  | 838507 | 5757 | SH |  | SOLE |  | 5537 | 0 | 220 |
| JOHN WILEY SONS INC | CLASS A | 968223206 |  | 320077 | 7909 | SH |  | SOLE |  | 7909 | 0 | 0 |
| JOHNSON  JOHNSON | COMMON | 478160104 |  | 18437979 | 99439 | SH |  | DFND | 1 | 99439 | 0 | 0 |
| JOHNSON  JOHNSON | COMMON | 478160104 |  | 23662744 | 127617 | SH |  | SOLE |  | 119596 | 0 | 8021 |
| JPMORGAN CHASE  CO | COMMON | 46625H100 |  | 17042998 | 54031 | SH |  | DFND | 1 | 54031 | 0 | 0 |
| JPMORGAN CHASE  CO | COMMON | 46625H100 |  | 45557870 | 144431 | SH |  | SOLE |  | 129453 | 0 | 14978 |
| KRAFT HEINZ CO | COMMON USD0.01 | 500754106 |  | 205148 | 7878 | SH |  | SOLE |  | 7878 | 0 | 0 |
| LABCORP HOLDINGS INC | COMMON | 504922105 |  | 366576 | 1277 | SH |  | SOLE |  | 1277 | 0 | 0 |
| LILLY ELI  CO | COMMON | 532457108 |  | 57413461 | 75247 | SH |  | DFND | 1 | 75247 | 0 | 0 |
| LILLY ELI  CO | COMMON | 532457108 |  | 21840341 | 28624 | SH |  | SOLE |  | 27818 | 0 | 806 |
| LINDE PLC | SHS | G54950103 |  | 488775 | 1029 | SH |  | SOLE |  | 1029 | 0 | 0 |
| LOCKHEED MARTIN CORP | COMMON | 539830109 |  | 2431730 | 4871 | SH |  | SOLE |  | 4871 | 0 | 0 |
| LOWES CO | COMMON | 548661107 |  | 1005812 | 4002 | SH |  | SOLE |  | 4002 | 0 | 0 |
| MARSH  MCLENNAN COS | COMMON | 571748102 |  | 281134 | 1395 | SH |  | SOLE |  | 1395 | 0 | 0 |
| MASTERCARD INC | CLASS A | 57636Q104 |  | 1040922 | 1830 | SH |  | SOLE |  | 1830 | 0 | 0 |
| MCDONALDS CORP | COMMON | 580135101 |  | 1155998 | 3804 | SH |  | SOLE |  | 3804 | 0 | 0 |
| MERCK  CO INC | COMMON | 58933Y105 |  | 6415945 | 76444 | SH |  | DFND | 1 | 76444 | 0 | 0 |
| MERCK  CO INC | COMMON | 58933Y105 |  | 13082757 | 155877 | SH |  | SOLE |  | 132193 | 0 | 23684 |
| META PLATFORMS INC | COM USD0.000006 CL A | 30303M102 |  | 4290248 | 5842 | SH |  | DFND | 1 | 5842 | 0 | 0 |
| META PLATFORMS INC | COM USD0.000006 CL A | 30303M102 |  | 14111846 | 19216 | SH |  | SOLE |  | 17958 | 0 | 1258 |
| MICROSOFT CORP | COMMON | 594918104 |  | 35010312 | 67594 | SH |  | DFND | 1 | 67594 | 0 | 0 |
| MICROSOFT CORP | COMMON | 594918104 |  | 88659642 | 171174 | SH |  | SOLE |  | 155528 | 0 | 15646 |
| MONDELEZ INTL INC | COMMON | 609207105 |  | 3958599 | 63368 | SH |  | DFND | 1 | 63368 | 0 | 0 |
| MONDELEZ INTL INC | COMMON | 609207105 |  | 13016335 | 208361 | SH |  | SOLE |  | 186866 | 0 | 21495 |
| NETFLIX INC | COMMON | 64110L106 |  | 12111490 | 10102 | SH |  | DFND | 1 | 10102 | 0 | 0 |
| NETFLIX INC | COMMON | 64110L106 |  | 31800154 | 26524 | SH |  | SOLE |  | 22817 | 0 | 3707 |
| NEXTDOOR HOLDINGS | COM CL A | 65345M108 |  | 21337 | 10209 | SH |  | SOLE |  | 10209 | 0 | 0 |
| NEXTERA ENERGY INC | COMMON | 65339F101 |  | 2671063 | 35383 | SH |  | DFND | 1 | 35383 | 0 | 0 |
| NEXTERA ENERGY INC | COMMON | 65339F101 |  | 8246830 | 109244 | SH |  | SOLE |  | 95746 | 0 | 13498 |
| NIKE INC | CLASS B | 654106103 |  | 2900489 | 41596 | SH |  | DFND | 1 | 41596 | 0 | 0 |
| NIKE INC | CLASS B | 654106103 |  | 9313073 | 133559 | SH |  | SOLE |  | 115725 | 0 | 17834 |
| NORFOLK SOUTHERN | COMMON | 655844108 |  | 8436114 | 28082 | SH |  | DFND | 1 | 28082 | 0 | 0 |
| NORFOLK SOUTHERN | COMMON | 655844108 |  | 416669 | 1387 | SH |  | SOLE |  | 1387 | 0 | 0 |
| NORTHERN TR CORP | COMMON | 665859104 |  | 203246 | 1510 | SH |  | SOLE |  | 1510 | 0 | 0 |
| NOVARTIS AG | ADR (1 ORD) | 66987V109 |  | 390747 | 3047 | SH |  | SOLE |  | 3047 | 0 | 0 |
| NOVO-NORDISK AS | ADR (1 ORD B) | 670100205 |  | 550461 | 9920 | SH |  | SOLE |  | 9920 | 0 | 0 |
| NVIDIA CORP | COMMON | 67066G104 |  | 16904708 | 90603 | SH |  | DFND | 1 | 90603 | 0 | 0 |
| NVIDIA CORP | COMMON | 67066G104 |  | 62614009 | 335588 | SH |  | SOLE |  | 300578 | 0 | 35010 |
| NXP SEMICONDUCTR | COMMON | N6596X109 |  | 13897451 | 61026 | SH |  | DFND | 1 | 61026 | 0 | 0 |
| NXP SEMICONDUCTR | COMMON | N6596X109 |  | 24011396 | 105438 | SH |  | SOLE |  | 94036 | 0 | 11402 |
| OREILLY AUTOMOTIVE I | COM | 67103H107 |  | 299173 | 2775 | SH |  | SOLE |  | 2775 | 0 | 0 |
| OWENS CORNING | COMMON | 690742101 |  | 707300 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| PALANTIR TECH INC | COM USD0.001 CLASS A | 69608A108 |  | 1548746 | 8490 | SH |  | DFND | 1 | 8490 | 0 | 0 |
| PALANTIR TECH INC | COM USD0.001 CLASS A | 69608A108 |  | 2077581 | 11389 | SH |  | SOLE |  | 11389 | 0 | 0 |
| PALO ALTO NETWORKS | COMMON | 697435105 |  | 36208930 | 177826 | SH |  | DFND | 1 | 177826 | 0 | 0 |
| PALO ALTO NETWORKS | COMMON | 697435105 |  | 54306472 | 266705 | SH |  | SOLE |  | 237882 | 0 | 28823 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 7924480 | 118170 | SH |  | DFND | 1 | 118170 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 13601109 | 202820 | SH |  | SOLE |  | 181702 | 0 | 21118 |
| PEPSICO INC | COMMON | 713448108 |  | 37506468 | 267064 | SH |  | DFND | 1 | 267064 | 0 | 0 |
| PEPSICO INC | COMMON | 713448108 |  | 22477703 | 160052 | SH |  | SOLE |  | 151093 | 0 | 8959 |
| PFIZER INC | COMMON | 717081103 |  | 238162 | 9347 | SH |  | SOLE |  | 9347 | 0 | 0 |
| PHILIP MORRIS INTL | COMMON | 718172109 |  | 1534250 | 9459 | SH |  | SOLE |  | 9459 | 0 | 0 |
| PROCTER AND GAMBLE | COM | 742718109 |  | 3749060 | 24400 | SH |  | DFND | 1 | 24400 | 0 | 0 |
| PROCTER AND GAMBLE | COM | 742718109 |  | 1424489 | 9271 | SH |  | SOLE |  | 9271 | 0 | 0 |
| PROGRESSIVE CORP | COMMON | 743315103 |  | 291401 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| PROLOGIS INC | COMMON | 74340W103 |  | 7266409 | 63451 | SH |  | DFND | 1 | 63451 | 0 | 0 |
| PROLOGIS INC | COMMON | 74340W103 |  | 20108796 | 175592 | SH |  | SOLE |  | 151929 | 0 | 23663 |
| QUALCOMM INC | COMMON | 747525103 |  | 372147 | 2237 | SH |  | SOLE |  | 2237 | 0 | 0 |
| REGENERON PHARMCTCLS | COMMON | 75886F107 |  | 2536962 | 4512 | SH |  | DFND | 1 | 4512 | 0 | 0 |
| REGENERON PHARMCTCLS | COMMON | 75886F107 |  | 6500403 | 11561 | SH |  | SOLE |  | 9752 | 0 | 1809 |
| ROCKET LAB CORP | COMMON | 773121108 |  | 298479 | 6230 | SH |  | SOLE |  | 6230 | 0 | 0 |
| ROPER TECHNOLOGIES | COMMON | 776696106 |  | 4833303 | 9692 | SH |  | DFND | 1 | 9692 | 0 | 0 |
| ROPER TECHNOLOGIES | COMMON | 776696106 |  | 14500409 | 29077 | SH |  | SOLE |  | 25817 | 0 | 3260 |
| ROYAL BANK CDA | COMMON | 780087102 |  | 296850 | 2015 | SH |  | SOLE |  | 2015 | 0 | 0 |
| RTX CORPORATION | COM USD1 | 75513E101 |  | 21812971 | 130359 | SH |  | DFND | 1 | 130359 | 0 | 0 |
| RTX CORPORATION | COM USD1 | 75513E101 |  | 32105272 | 191868 | SH |  | SOLE |  | 168798 | 0 | 23070 |
| SALESFORCE INC | COMMON | 79466L302 |  | 276579 | 1167 | SH |  | SOLE |  | 1167 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 371856 | 3895 | SH |  | SOLE |  | 3895 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 2618177 | 78459 | SH |  | DFND | 1 | 78459 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 3145268 | 135106 | SH |  | DFND | 1 | 135106 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 6491130 | 232657 | SH |  | DFND | 1 | 232657 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 12530168 | 375492 | SH |  | SOLE |  | 375492 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 14116643 | 606385 | SH |  | SOLE |  | 606385 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 4300611 | 167274 | SH |  | SOLE |  | 167274 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 6543213 | 248414 | SH |  | SOLE |  | 248414 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 24744901 | 886914 | SH |  | SOLE |  | 886914 | 0 | 0 |
| SELECT SECTOR SPDR | SBI INT-TECH | 81369Y803 |  | 2860868 | 10146 | SH |  | DFND | 1 | 10146 | 0 | 0 |
| SELECT SECTOR SPDR | SBI INT-UTILS | 81369Y886 |  | 239942 | 2751 | SH |  | DFND | 1 | 2751 | 0 | 0 |
| SELECT SECTOR SPDR | SBI INT-TECH | 81369Y803 |  | 5625583 | 19951 | SH |  | SOLE |  | 19951 | 0 | 0 |
| SERVICENOW INC | COMMON | 81762P102 |  | 6091333 | 6619 | SH |  | DFND | 1 | 6619 | 0 | 0 |
| SERVICENOW INC | COMMON | 81762P102 |  | 16908304 | 18373 | SH |  | SOLE |  | 16396 | 0 | 1977 |
| SHELL PLC | ADS (REP 2 ORD SHS) | 780259305 |  | 8918432 | 124681 | SH |  | DFND | 1 | 124681 | 0 | 0 |
| SHELL PLC | ADS (REP 2 ORD SHS) | 780259305 |  | 7979672 | 111557 | SH |  | SOLE |  | 98455 | 0 | 13102 |
| SOLVENTUM CORPORATIN | COMMON STOCK | 83444M101 |  | 2151310 | 29470 | SH |  | SOLE |  | 29470 | 0 | 0 |
| SOUTHERN CO | COMMON | 842587107 |  | 3261983 | 34420 | SH |  | DFND | 1 | 34420 | 0 | 0 |
| SOUTHERN CO | COMMON | 842587107 |  | 9654125 | 101869 | SH |  | SOLE |  | 89328 | 0 | 12541 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 664729 | 1870 | SH |  | SOLE |  | 1870 | 0 | 0 |
| SPDR S 500 ETF TR | UNITS SER 1 S | 78462F103 |  | 11343713 | 17028 | SH |  | DFND | 1 | 17028 | 0 | 0 |
| SPDR S 500 ETF TR | UNITS SER 1 S | 78462F103 |  | 48090202 | 72188 | SH |  | SOLE |  | 68797 | 0 | 3391 |
| SPDR S DIVIDEND | STATE STR S DIVIDE | 78464A763 |  | 576306 | 4115 | SH |  | SOLE |  | 4115 | 0 | 0 |
| SPDR SERIES TRUST | STATE STR DOW JONES | 78464A607 |  | 202084 | 2015 | SH |  | SOLE |  | 2015 | 0 | 0 |
| STARBUCKS CORP | COMMON | 855244109 |  | 4020107 | 47519 | SH |  | DFND | 1 | 47519 | 0 | 0 |
| STARBUCKS CORP | COMMON | 855244109 |  | 13501875 | 159597 | SH |  | SOLE |  | 134738 | 0 | 24858 |
| STATE STREET CORP | COMMON | 857477103 |  | 220419 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| STRYKER CORP | COMMON | 863667101 |  | 6640752 | 17964 | SH |  | DFND | 1 | 17964 | 0 | 0 |
| STRYKER CORP | COMMON | 863667101 |  | 21039398 | 56914 | SH |  | SOLE |  | 48039 | 0 | 8875 |
| SYNOPSYS INC | COMMON | 871607107 |  | 2362845 | 4789 | SH |  | DFND | 1 | 4789 | 0 | 0 |
| SYNOPSYS INC | COMMON | 871607107 |  | 7597219 | 15398 | SH |  | SOLE |  | 13315 | 0 | 2083 |
| TESLA INC | COM | 88160R101 |  | 527438 | 1186 | SH |  | SOLE |  | 1186 | 0 | 0 |
| THE 2023 ETF SERIES | EAGLE CAP SEL EQUITY | 88339Y102 |  | 4812021 | 153935 | SH |  | SOLE |  | 153935 | 0 | 0 |
| THERMO FISHER SCI | COMMON | 883556102 |  | 14282384 | 29447 | SH |  | DFND | 1 | 29447 | 0 | 0 |
| THERMO FISHER SCI | COMMON | 883556102 |  | 21205074 | 43720 | SH |  | SOLE |  | 39723 | 0 | 3997 |
| TJX COMPANIES INC | COMMON | 872540109 |  | 7508130 | 51945 | SH |  | SOLE |  | 51945 | 0 | 0 |
| TRUIST FINANCIAL COR | COM USD5 | 89832Q109 |  | 270297 | 5912 | SH |  | SOLE |  | 5912 | 0 | 0 |
| UBER TECHNOLOGIES | COM USD0.00001 | 90353T100 |  | 224155 | 2288 | SH |  | SOLE |  | 2288 | 0 | 0 |
| UBS AG | COMMON | H42097107 |  | 612130 | 14930 | SH |  | SOLE |  | 14930 | 0 | 0 |
| UNION PAC CORP | COMMON | 907818108 |  | 35389080 | 149719 | SH |  | DFND | 1 | 149719 | 0 | 0 |
| UNION PAC CORP | COMMON | 907818108 |  | 27257479 | 115317 | SH |  | SOLE |  | 108224 | 0 | 7093 |
| UNITED PARCEL SERVIC | CLASS B | 911312106 |  | 1552739 | 18589 | SH |  | DFND | 1 | 18589 | 0 | 0 |
| UNITED PARCEL SERVIC | CLASS B | 911312106 |  | 420741 | 5037 | SH |  | SOLE |  | 5037 | 0 | 0 |
| UNITEDHEALTH GRP INC | COMMON | 91324P102 |  | 301447 | 873 | SH |  | SOLE |  | 873 | 0 | 0 |
| VANECK ETF TR | SEMICONDUCTOR ETF | 92189F676 |  | 2116771 | 6486 | SH |  | SOLE |  | 6486 | 0 | 0 |
| VANGUARD BD INDEX FD | VANGUARD ULTRA | 92203C303 |  | 214779 | 4296 | SH |  | SOLE |  | 4296 | 0 | 0 |
| VANGUARD FTSE | EMERGING MARKETS ETF | 922042858 |  | 466111 | 8603 | SH |  | SOLE |  | 8603 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1591576 | 2599 | SH |  | SOLE |  | 2599 | 0 | 0 |
| VANGUARD INDEX TR | TOTAL STOCK MARKET | 922908769 |  | 282997 | 862 | SH |  | SOLE |  | 862 | 0 | 0 |
| VANGUARD SCOTTSDAL | RUSSELL 1000 GROWTH | 92206C680 |  | 1856303 | 15405 | SH |  | SOLE |  | 15405 | 0 | 0 |
| VANGUARD SPECIALIZED | DIV APPRECIATION | 921908844 |  | 258301 | 1197 | SH |  | SOLE |  | 1197 | 0 | 0 |
| VANGUARD STAR FUND | TOT INTL STK IDX FD | 921909768 |  | 300084 | 4085 | SH |  | SOLE |  | 4085 | 0 | 0 |
| VANGUARD TAX MANAGED | FTSE DEV MKT ETF | 921943858 |  | 2753194 | 45948 | SH |  | SOLE |  | 45948 | 0 | 0 |
| VERIZON COMMUNICATIO | COMMON | 92343V104 |  | 314067 | 7146 | SH |  | SOLE |  | 7146 | 0 | 0 |
| VERTEX PHARMA | COMMON | 92532F100 |  | 393598 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| VICTORY PORTFOLIOSII | CORE INTERMEDIATE | 92647N527 |  | 13305125 | 279990 | SH |  | SOLE |  | 279990 | 0 | 0 |
| VISA INC | CLASS A | 92826C839 |  | 435601 | 1276 | SH |  | SOLE |  | 1276 | 0 | 0 |
| VULCAN MATERIALS CO | COMMON | 929160109 |  | 10193604 | 33137 | SH |  | DFND | 1 | 33137 | 0 | 0 |
| VULCAN MATERIALS CO | COMMON | 929160109 |  | 22262152 | 72369 | SH |  | SOLE |  | 63985 | 0 | 8384 |
| WALMART INC | COMMON | 931142103 |  | 367575 | 3567 | SH |  | SOLE |  | 3567 | 0 | 0 |
| WALT DISNEY CO | COM | 254687106 |  | 45732216 | 399408 | SH |  | DFND | 1 | 399408 | 0 | 0 |
| WALT DISNEY CO | COM | 254687106 |  | 23519789 | 205413 | SH |  | SOLE |  | 189812 | 0 | 15601 |
| WELLS FARGO  CO | COMMON | 949746101 |  | 410538 | 4898 | SH |  | SOLE |  | 4898 | 0 | 0 |
| WHITE MTNS INS GROUP | COMMON | G9618E107 |  | 635178 | 380 | SH |  | SOLE |  | 380 | 0 | 0 |
| YUM BRANDS INC | COMMON | 988498101 |  | 10926216 | 71883 | SH |  | DFND | 1 | 71883 | 0 | 0 |
| YUM BRANDS INC | COMMON | 988498101 |  | 2106568 | 13859 | SH |  | SOLE |  | 13859 | 0 | 0 |
| ZSCALER INC | COMMON | 98980G102 |  | 7077370 | 23618 | SH |  | DFND | 1 | 23618 | 0 | 0 |
| ZSCALER INC | COMMON | 98980G102 |  | 20389765 | 68043 | SH |  | SOLE |  | 60747 | 0 | 7296 |

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