# EDGAR Filing Document

**Accession Number:** 0001278249
**File Stem:** 0001278249-26-000004
**Filing Date:** 2026-5
**Character Count:** 29695
**Document Hash:** 8f971fcf146e200c06bfbc56a8cf1685
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001278249-26-000004.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001278249-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOWER BRIDGE ADVISORS
- **CENTRAL INDEX KEY:** 0001278249

**ORGANIZATION NAME:**
- **EIN:** 233096014
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10708
- **FILM NUMBER:** 26968072

**BUSINESS ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE
- **STREET 2:** SUITE 705
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** 6102602200

**MAIL ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE
- **STREET 2:** SUITE 705
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** TOWER BRIDGE ADVISORS<br>**Address:** 300 BARR HARBOR DRIVE<br>SUITE 705<br>WEST CONSHOHOCKEN, PA 19428

**Form 13F File Number:** 028-10708

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:** Jeffrey Kachel<br>**Title:** CFO Principal<br>**Phone:** 610-260-2205

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

Jeffrey Kachel  West Conshohocken, PA  05-12-2026<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:** 252

**Form 13F Information Table Value Total:** $1035407151

      (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 | Common | 88579Y101 |  | 253136 | 1743 | SH |  | SOLE |  | 1743 | 0 | 0 |
| Abbott Laboratories | Common | 002824100 |  | 4761835 | 46380 | SH |  | SOLE |  | 45380 | 0 | 1000 |
| Abbott Laboratories | Common | 002824100 |  | 359345 | 3500 | SH |  | OTR |  | 2400 | 0 | 1100 |
| AbbVie Inc. | Common | 00287Y109 |  | 8552359 | 39323 | SH |  | SOLE |  | 39323 | 0 | 0 |
| Accenture Plc Class A | Common | G1151C101 |  | 11004302 | 55496 | SH |  | SOLE |  | 53505 | 0 | 1991 |
| Accenture Plc Class A | Common | G1151C101 |  | 411848 | 2077 | SH |  | OTR |  | 877 | 0 | 1200 |
| Adobe Inc. | Common | 00724F101 |  | 324026 | 1333 | SH |  | SOLE |  | 1298 | 0 | 35 |
| Aflac Incorporated | Common | 001055102 |  | 1724861 | 15722 | SH |  | SOLE |  | 15722 | 0 | 0 |
| Agnico Eagle Mines Limited | Common | 008474108 |  | 608940 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Air Products and Chemicals Inc. | Common | 009158106 |  | 4128444 | 14212 | SH |  | SOLE |  | 14212 | 0 | 0 |
| Alamos Gold Inc. | Common | 011532108 |  | 555375 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| Allstate Corporation | Common | 020002101 |  | 1192827 | 5753 | SH |  | SOLE |  | 5753 | 0 | 0 |
| Alphabet Inc. Class A | Common | 02079K305 |  | 15446285 | 53715 | SH |  | SOLE |  | 51175 | 0 | 2540 |
| Alphabet Inc. Class A | Common | 02079K305 |  | 230048 | 800 | SH |  | OTR |  | 0 | 0 | 800 |
| Alphabet Inc. Class C | Common | 02079K107 |  | 1182150 | 4121 | SH |  | OTR |  | 4121 | 0 | 0 |
| Alphabet Inc. Class C | Common | 02079K107 |  | 52038340 | 181407 | SH |  | SOLE |  | 171997 | 0 | 9410 |
| Altria Group Inc. | Common | 02209S103 |  | 507067 | 7684 | SH |  | SOLE |  | 7684 | 0 | 0 |
| Amazon.com Inc. | Common | 023135106 |  | 11598973 | 55692 | SH |  | SOLE |  | 53202 | 0 | 2490 |
| Amentum Holdings Inc. | Common | 023939101 |  | 931004 | 35698 | SH |  | SOLE |  | 35698 | 0 | 0 |
| American Electric Power Company Inc. | Common | 025537101 |  | 652123 | 4975 | SH |  | SOLE |  | 4975 | 0 | 0 |
| American Express Company | Common | 025816109 |  | 5247726 | 17349 | SH |  | SOLE |  | 15949 | 0 | 1400 |
| Ameriprise Financial Inc. | Common | 03076C106 |  | 3288116 | 7399 | SH |  | SOLE |  | 7399 | 0 | 0 |
| Amgen Inc. | Common | 031162100 |  | 5339324 | 15175 | SH |  | SOLE |  | 15175 | 0 | 0 |
| Amphenol Corporation Class A | Common | 032095101 |  | 1664030 | 13170 | SH |  | SOLE |  | 12420 | 0 | 750 |
| Analog Devices Inc. | Common | 032654105 |  | 7315311 | 22994 | SH |  | SOLE |  | 21694 | 0 | 1300 |
| Aon Plc Class A | Common | G0403H108 |  | 10466464 | 32426 | SH |  | SOLE |  | 30153 | 0 | 2273 |
| Aon Plc Class A | Common | G0403H108 |  | 338919 | 1050 | SH |  | OTR |  | 1050 | 0 | 0 |
| Apple Inc. | Common | 037833100 |  | 52145338 | 205466 | SH |  | SOLE |  | 196247 | 0 | 9219 |
| Apple Inc. | Common | 037833100 |  | 2202897 | 8680 | SH |  | OTR |  | 3530 | 0 | 5150 |
| Applied Materials Inc. | Common | 038222105 |  | 1065701 | 3118 | SH |  | SOLE |  | 2093 | 0 | 1025 |
| Arcos Dorados Holdings Inc. Class A | Common | G0457F107 |  | 82500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ASML Holding NV Sponsored ADR | Common | N07059210 |  | 431911 | 327 | SH |  | SOLE |  | 327 | 0 | 0 |
| AT Inc | Common | 00206R102 |  | 597136 | 20598 | SH |  | SOLE |  | 20598 | 0 | 0 |
| Automatic Data Processing Inc. | Common | 053015103 |  | 1087826 | 5354 | SH |  | SOLE |  | 5354 | 0 | 0 |
| Bank of America Corp | Common | 060505104 |  | 3735609 | 76628 | SH |  | SOLE |  | 76628 | 0 | 0 |
| Becton Dickinson and Company | Common | 075887109 |  | 5862325 | 37285 | SH |  | SOLE |  | 35160 | 0 | 2125 |
| Berkshire Hathaway Inc. Class A | Common | 084670108 |  | 718140 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| Berkshire Hathaway Inc. Class B | Common | 084670702 |  | 5954539 | 12426 | SH |  | SOLE |  | 11926 | 0 | 500 |
| BlackRock Inc. | Common | 09290D101 |  | 964595 | 1003 | SH |  | SOLE |  | 518 | 0 | 485 |
| Blackstone Inc. | Common | 09260D107 |  | 300009 | 2609 | SH |  | SOLE |  | 2609 | 0 | 0 |
| Boeing Company | Common | 097023105 |  | 209579 | 1053 | SH |  | SOLE |  | 1053 | 0 | 0 |
| Boston Scientific Corporation | Common | 101137107 |  | 831438 | 13250 | SH |  | SOLE |  | 13250 | 0 | 0 |
| Bristol-Myers Squibb Company | Common | 110122108 |  | 1604071 | 26448 | SH |  | SOLE |  | 26448 | 0 | 0 |
| Broadcom Inc. | Common | 11135F101 |  | 41253659 | 133287 | SH |  | SOLE |  | 131287 | 0 | 2000 |
| Brown  Brown Inc. | Common | 115236101 |  | 4004912 | 61416 | SH |  | SOLE |  | 54866 | 0 | 6550 |
| Canadian Imperial Bank of Commerce | Common | 136069101 |  | 721427 | 7614 | SH |  | SOLE |  | 7614 | 0 | 0 |
| Carrier Global Corp. | Common | 14448C104 |  | 583315 | 10359 | SH |  | SOLE |  | 10359 | 0 | 0 |
| Caterpillar Inc. | Common | 149123101 |  | 814729 | 1150 | SH |  | OTR |  | 250 | 0 | 900 |
| Caterpillar Inc. | Common | 149123101 |  | 2019111 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| CDW Corporation | Common | 12514G108 |  | 1353609 | 11185 | SH |  | SOLE |  | 11185 | 0 | 0 |
| Century Communities Inc. | Common | 156504300 |  | 573800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Charles Schwab Corp | Common | 808513105 |  | 11633784 | 123790 | SH |  | SOLE |  | 115443 | 0 | 8347 |
| Chevron Corporation | Common | 166764100 |  | 11289486 | 54565 | SH |  | SOLE |  | 54315 | 0 | 250 |
| Chevron Corporation | Common | 166764100 |  | 455180 | 2200 | SH |  | OTR |  | 700 | 0 | 1500 |
| Chubb Limited | Common | H1467J104 |  | 400242 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| Cigna Group | Common | 125523100 |  | 727427 | 2727 | SH |  | SOLE |  | 2727 | 0 | 0 |
| Cisco Systems Inc. | Common | 17275R102 |  | 4447247 | 57317 | SH |  | SOLE |  | 56817 | 0 | 500 |
| CME Group Inc. Class A | Common | 12572Q105 |  | 7452438 | 25233 | SH |  | SOLE |  | 24588 | 0 | 645 |
| Coca-Cola Company | Common | 191216100 |  | 10330161 | 135834 | SH |  | SOLE |  | 124126 | 0 | 11708 |
| Coca-Cola Company | Common | 191216100 |  | 344354 | 4528 | SH |  | OTR |  | 4000 | 0 | 528 |
| Colgate-Palmolive Company | Common | 194162103 |  | 1916567 | 22487 | SH |  | SOLE |  | 21987 | 0 | 500 |
| Comcast Corporation Class A | Common | 20030N101 |  | 381728 | 13296 | SH |  | SOLE |  | 13296 | 0 | 0 |
| ConocoPhillips | Common | 20825C104 |  | 828564 | 6277 | SH |  | SOLE |  | 6277 | 0 | 0 |
| Costco Wholesale Corporation | Common | 22160K105 |  | 10109779 | 10146 | SH |  | SOLE |  | 9298 | 0 | 848 |
| CSX Corporation | Common | 126408103 |  | 3258897 | 79388 | SH |  | SOLE |  | 79388 | 0 | 0 |
| Danaher Corporation | Common | 235851102 |  | 7112060 | 37511 | SH |  | SOLE |  | 36841 | 0 | 670 |
| Deere  Company | Common | 244199105 |  | 4103077 | 7284 | SH |  | SOLE |  | 7284 | 0 | 0 |
| Dell Technologies Inc. Class C | Common | 24703L202 |  | 221576 | 1350 | SH |  | SOLE |  | 1350 | 0 | 0 |
| Diamondback Energy Inc. | Common | 25278X109 |  | 1349917 | 6825 | SH |  | SOLE |  | 6725 | 0 | 100 |
| Dominion Energy Inc | Common | 25746U109 |  | 216617 | 3504 | SH |  | SOLE |  | 3504 | 0 | 0 |
| Dover Corporation | Common | 260003108 |  | 493401 | 2367 | SH |  | SOLE |  | 2367 | 0 | 0 |
| Duke Energy Corporation | Common | 26441C204 |  | 11536338 | 88104 | SH |  | SOLE |  | 87469 | 0 | 635 |
| Eaton Corp. Plc | Common | G29183103 |  | 13543175 | 37865 | SH |  | SOLE |  | 35640 | 0 | 2225 |
| Eli Lilly and Company | Common | 532457108 |  | 6144983 | 6681 | SH |  | SOLE |  | 6681 | 0 | 0 |
| Emera Incorporated | Common | 290876101 |  | 247313 | 4771 | SH |  | SOLE |  | 4771 | 0 | 0 |
| Emerson Electric Co. | Common | 291011104 |  | 891853 | 6807 | SH |  | SOLE |  | 6807 | 0 | 0 |
| Enbridge Inc. | Common | 29250N105 |  | 3920711 | 72418 | SH |  | SOLE |  | 69628 | 0 | 2790 |
| Enterprise Products Partners L.P. | Common | 293792107 |  | 4905388 | 129635 | SH |  | SOLE |  | 113735 | 0 | 15900 |
| Equinix Inc. | Common | 29444U700 |  | 230356 | 235 | SH |  | SOLE |  | 235 | 0 | 0 |
| Exxon Mobil Corporation | Common | 30231G102 |  | 16629894 | 98019 | SH |  | SOLE |  | 92366 | 0 | 5653 |
| Exxon Mobil Corporation | Common | 30231G102 |  | 585327 | 3450 | SH |  | OTR |  | 3250 | 0 | 200 |
| FedEx Corporation | Common | 31428X106 |  | 985550 | 2767 | SH |  | SOLE |  | 2767 | 0 | 0 |
| First Trust NASDAQ-100 Technology Sector Index Fund | ETF | 337345102 |  | 237145 | 1098 | SH |  | SOLE |  | 1098 | 0 | 0 |
| Freeport-McMoRan Inc. | Common | 35671D857 |  | 223364 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| GE Aerospace | Common | 369604301 |  | 1211130 | 4268 | SH |  | SOLE |  | 4268 | 0 | 0 |
| GE Vernova Inc. | Common | 36828A101 |  | 968046 | 1109 | SH |  | SOLE |  | 1109 | 0 | 0 |
| Globe Life Inc. | Common | 37959E102 |  | 417510 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Goldman Sachs Group Inc. | Common | 38141G104 |  | 930589 | 1100 | SH |  | SOLE |  | 1075 | 0 | 25 |
| Hershey Company | Common | 427866108 |  | 561303 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| Home Depot Inc. | Common | 437076102 |  | 6738956 | 20490 | SH |  | SOLE |  | 19798 | 0 | 692 |
| Honeywell International Inc. | Common | 438516106 |  | 7693619 | 34038 | SH |  | SOLE |  | 33238 | 0 | 800 |
| Illinois Tool Works Inc. | Common | 452308109 |  | 498195 | 1914 | SH |  | SOLE |  | 1914 | 0 | 0 |
| Intercontinental Exchange Inc. | Common | 45866F104 |  | 13901755 | 88389 | SH |  | SOLE |  | 83709 | 0 | 4680 |
| Intercontinental Exchange Inc. | Common | 45866F104 |  | 298832 | 1900 | SH |  | OTR |  | 1650 | 0 | 250 |
| International Business Machines Corporation | Common | 459200101 |  | 2433111 | 10038 | SH |  | SOLE |  | 7638 | 0 | 2400 |
| International Paper Company | Common | 460146103 |  | 207953 | 5825 | SH |  | SOLE |  | 5825 | 0 | 0 |
| Invesco NASDAQ 100 ETF | ETF | 46138G649 |  | 354529 | 1492 | SH |  | SOLE |  | 1492 | 0 | 0 |
| Invesco QQQ Trust Series I | ETF | 46090E103 |  | 1320026 | 2287 | SH |  | SOLE |  | 2287 | 0 | 0 |
| Invesco S 500 Equal Weight ETF | ETF | 46137V357 |  | 2609344 | 13596 | SH |  | SOLE |  | 13111 | 0 | 485 |
| IQVIA Holdings Inc | Common | 46266C105 |  | 11300321 | 66262 | SH |  | SOLE |  | 61957 | 0 | 4305 |
| iShares Broad USD High Yield Corporate Bond ETF | ETF | 46435U853 |  | 418502 | 11360 | SH |  | SOLE |  | 11360 | 0 | 0 |
| iShares Core S 500 ETF | ETF | 464287200 |  | 2133384 | 3266 | SH |  | SOLE |  | 3266 | 0 | 0 |
| iShares Core S Mid-Cap ETF | ETF | 464287507 |  | 622627 | 9220 | SH |  | SOLE |  | 9220 | 0 | 0 |
| iShares Core S Small Cap ETF | ETF | 464287804 |  | 341480 | 2747 | SH |  | SOLE |  | 2747 | 0 | 0 |
| iShares Core S US Value ETF | ETF | 464287663 |  | 306750 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| iShares iBonds Dec 2026 Term Treasury ETF | ETF | 46436E858 |  | 200506 | 8750 | SH |  | SOLE |  | 8750 | 0 | 0 |
| iShares iBonds Dec 2027 Term Treasury ETF | ETF | 46436E841 |  | 300001 | 13375 | SH |  | SOLE |  | 13375 | 0 | 0 |
| iShares iBonds Dec 2028 Term Treasury ETF | ETF | 46436E833 |  | 300263 | 13475 | SH |  | SOLE |  | 13475 | 0 | 0 |
| iShares MSCI India ETF | ETF | 46429B598 |  | 407508 | 8700 | SH |  | SOLE |  | 8700 | 0 | 0 |
| iShares MSCI USA Quality Factor ETF | ETF | 46432F339 |  | 748059 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| iShares Preferred  Income Securities ETF | ETF | 464288687 |  | 532874 | 17575 | SH |  | SOLE |  | 17575 | 0 | 0 |
| iShares Russell 1000 Value ETF | ETF | 464287598 |  | 961515 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| iShares Russell Midcap ETF | ETF | 464287499 |  | 1392820 | 14325 | SH |  | SOLE |  | 14325 | 0 | 0 |
| iShares Russell Midcap ETF | ETF | 464287499 |  | 218865 | 2251 | SH |  | OTR |  | 0 | 0 | 2251 |
| iShares Russell Top 200 Growth ETF | ETF | 464289438 |  | 721636 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| iShares Russell Top 200 Value ETF | ETF | 464289420 |  | 454083 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| iShares Select Dividend ETF | ETF | 464287168 |  | 264968 | 1750 | SH |  | SOLE |  | 1750 | 0 | 0 |
| iShares TIPS Bond ETF | ETF | 464287176 |  | 836308 | 7578 | SH |  | SOLE |  | 7078 | 0 | 500 |
| Jacobs Solutions Inc. | Common | 46982L108 |  | 15280219 | 120052 | SH |  | SOLE |  | 112866 | 0 | 7186 |
| Johnson  Johnson | Common | 478160104 |  | 21090093 | 86279 | SH |  | SOLE |  | 82041 | 0 | 4238 |
| Johnson  Johnson | Common | 478160104 |  | 725987 | 2970 | SH |  | OTR |  | 1170 | 0 | 1800 |
| JPMorgan Chase  Co. | Common | 46625H100 |  | 35909163 | 122074 | SH |  | SOLE |  | 116222 | 0 | 5852 |
| JPMorgan Chase  Co. | Common | 46625H100 |  | 1016911 | 3457 | SH |  | OTR |  | 1657 | 0 | 1800 |
| Kimberly-Clark Corporation | Common | 494368103 |  | 371892 | 3855 | SH |  | SOLE |  | 3855 | 0 | 0 |
| L3Harris Technologies Inc | Common | 502431109 |  | 7466630 | 21633 | SH |  | SOLE |  | 21633 | 0 | 0 |
| Lam Research Corporation | Common | 512807306 |  | 513852 | 2405 | SH |  | OTR |  | 2105 | 0 | 300 |
| Lam Research Corporation | Common | 512807306 |  | 22330353 | 104513 | SH |  | SOLE |  | 99603 | 0 | 4910 |
| Leidos Holdings Inc. | Common | 525327102 |  | 3145548 | 20226 | SH |  | SOLE |  | 20226 | 0 | 0 |
| Lennar Corporation Class A | Common | 526057104 |  | 4865628 | 56030 | SH |  | SOLE |  | 55345 | 0 | 685 |
| Linde plc | Common | G54950103 |  | 5260509 | 10611 | SH |  | SOLE |  | 9631 | 0 | 980 |
| Lockheed Martin Corporation | Common | 539830109 |  | 4181774 | 6919 | SH |  | SOLE |  | 6919 | 0 | 0 |
| Lowe's Companies Inc. | Common | 548661107 |  | 10375981 | 43914 | SH |  | SOLE |  | 40874 | 0 | 3040 |
| Lowe's Companies Inc. | Common | 548661107 |  | 537537 | 2275 | SH |  | OTR |  | 1475 | 0 | 800 |
| Marathon Petroleum Corporation | Common | 56585A102 |  | 1410872 | 5778 | SH |  | SOLE |  | 5778 | 0 | 0 |
| Marsh  McLennan Companies Inc. | Common | 571748102 |  | 297640 | 1716 | SH |  | SOLE |  | 1716 | 0 | 0 |
| McCormick  Company Incorporated | Common | 579780206 |  | 453254 | 8986 | SH |  | SOLE |  | 8986 | 0 | 0 |
| McDonald's Corporation | Common | 580135101 |  | 20199296 | 64993 | SH |  | SOLE |  | 62636 | 0 | 2357 |
| McDonald's Corporation | Common | 580135101 |  | 279711 | 900 | SH |  | OTR |  | 900 | 0 | 0 |
| Medtronic Plc | Common | G5960L103 |  | 2998350 | 34603 | SH |  | SOLE |  | 33457 | 0 | 1146 |
| Medtronic Plc | Common | G5960L103 |  | 225290 | 2600 | SH |  | OTR |  | 1000 | 0 | 1600 |
| Merck  Co. Inc. | Common | 58933Y105 |  | 4240300 | 35251 | SH |  | SOLE |  | 35251 | 0 | 0 |
| Meritage Homes Corporation | Common | 59001A102 |  | 494720 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| Meta Platforms Inc Class A | Common | 30303M102 |  | 11231484 | 19631 | SH |  | SOLE |  | 17675 | 0 | 1956 |
| Microsoft Corporation | Common | 594918104 |  | 51785619 | 139897 | SH |  | SOLE |  | 135753 | 0 | 4144 |
| Microsoft Corporation | Common | 594918104 |  | 1399243 | 3780 | SH |  | OTR |  | 1530 | 0 | 2250 |
| Millrose Properties Inc Class A | Common | 601137102 |  | 648877 | 23174 | SH |  | SOLE |  | 23174 | 0 | 0 |
| Mondelez International Inc. Class A | Common | 609207105 |  | 3165447 | 54918 | SH |  | SOLE |  | 54918 | 0 | 0 |
| Mondelez International Inc. Class A | Common | 609207105 |  | 265144 | 4600 | SH |  | OTR |  | 3200 | 0 | 1400 |
| Moody's Corporation | Common | 615369105 |  | 7650619 | 17537 | SH |  | SOLE |  | 16673 | 0 | 864 |
| Moody's Corporation | Common | 615369105 |  | 200675 | 460 | SH |  | OTR |  | 460 | 0 | 0 |
| Netflix Inc. | Common | 64110L106 |  | 1210529 | 12590 | SH |  | SOLE |  | 1840 | 0 | 10750 |
| NextEra Energy Inc. | Common | 65339F101 |  | 9500602 | 102289 | SH |  | SOLE |  | 97039 | 0 | 5250 |
| NiSource Inc | Common | 65473P105 |  | 1306387 | 27998 | SH |  | SOLE |  | 27998 | 0 | 0 |
| Norfolk Southern Corporation | Common | 655844108 |  | 2393006 | 8338 | SH |  | SOLE |  | 8338 | 0 | 0 |
| Novartis AG | Common | 66987V109 |  | 10586492 | 69306 | SH |  | SOLE |  | 63147 | 0 | 6159 |
| Novartis AG | Common | 66987V109 |  | 339869 | 2225 | SH |  | OTR |  | 1625 | 0 | 600 |
| Nuveen AMT-Free Quality Municipal Income Fund of Benef Interest | Closed End | 670657105 |  | 276584 | 24629 | SH |  | SOLE |  | 24629 | 0 | 0 |
| NVIDIA Corporation | Common | 67066G104 |  | 9118504 | 52285 | SH |  | SOLE |  | 52285 | 0 | 0 |
| NXP Semiconductors NV | Common | N6596X109 |  | 857325 | 4355 | SH |  | SOLE |  | 1865 | 0 | 2490 |
| ONEOK Inc. | Common | 682680103 |  | 7675557 | 84916 | SH |  | SOLE |  | 75585 | 0 | 9331 |
| Oracle Corporation | Common | 68389X105 |  | 21862530 | 148613 | SH |  | SOLE |  | 137652 | 0 | 10961 |
| Parker-Hannifin Corporation | Common | 701094104 |  | 8736647 | 9759 | SH |  | SOLE |  | 8959 | 0 | 800 |
| PepsiCo Inc. | Common | 713448108 |  | 13182438 | 84889 | SH |  | SOLE |  | 82570 | 0 | 2319 |
| PepsiCo Inc. | Common | 713448108 |  | 393971 | 2537 | SH |  | OTR |  | 900 | 0 | 1637 |
| Pfizer Inc. | Common | 717081103 |  | 1154341 | 41109 | SH |  | SOLE |  | 41109 | 0 | 0 |
| Philip Morris International Inc. | Common | 718172109 |  | 1883057 | 11389 | SH |  | SOLE |  | 11364 | 0 | 25 |
| Phillips 66 | Common | 718546104 |  | 1694092 | 9299 | SH |  | SOLE |  | 9299 | 0 | 0 |
| Phillips Edison  Company Inc. | Common | 71844V201 |  | 237617 | 6350 | SH |  | SOLE |  | 6350 | 0 | 0 |
| PNC Financial Services Group Inc. | Common | 693475105 |  | 3057876 | 14695 | SH |  | SOLE |  | 14695 | 0 | 0 |
| PPG Industries Inc. | Common | 693506107 |  | 299264 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| PPL Corporation | Common | 69351T106 |  | 277485 | 7264 | SH |  | SOLE |  | 7264 | 0 | 0 |
| Procter  Gamble Company | Common | 742718109 |  | 10993025 | 76108 | SH |  | SOLE |  | 75068 | 0 | 1040 |
| Procter  Gamble Company | Common | 742718109 |  | 496874 | 3440 | SH |  | OTR |  | 2690 | 0 | 750 |
| Prologis Inc. | Common | 74340W103 |  | 752765 | 5695 | SH |  | SOLE |  | 5695 | 0 | 0 |
| Prudential Financial Inc. | Common | 744320102 |  | 561732 | 5750 | SH |  | SOLE |  | 5750 | 0 | 0 |
| QUALCOMM Incorporated | Common | 747525103 |  | 1904270 | 14787 | SH |  | SOLE |  | 10594 | 0 | 4193 |
| Raymond James Financial Inc. | Common | 754730109 |  | 1166863 | 8059 | SH |  | SOLE |  | 8059 | 0 | 0 |
| Regions Financial Corporation | Common | 7591EP100 |  | 230091 | 8809 | SH |  | SOLE |  | 8809 | 0 | 0 |
| Roper Technologies Inc. | Common | 776696106 |  | 201700 | 570 | SH |  | SOLE |  | 170 | 0 | 400 |
| RTX Corporation | Common | 75513E101 |  | 19854089 | 102924 | SH |  | SOLE |  | 100404 | 0 | 2520 |
| RTX Corporation | Common | 75513E101 |  | 428238 | 2220 | SH |  | OTR |  | 1920 | 0 | 300 |
| S Global Inc. | Common | 78409V104 |  | 3653291 | 8589 | SH |  | SOLE |  | 6945 | 0 | 1644 |
| Schwab Emerging Markets Equity ETF | ETF | 808524706 |  | 990213 | 30052 | SH |  | SOLE |  | 28192 | 0 | 1860 |
| Schwab U.S. Broad Market ETF | ETF | 808524102 |  | 205820 | 8200 | SH |  | SOLE |  | 0 | 0 | 8200 |
| Schwab U.S. Large-Cap Growth ETF | ETF | 808524300 |  | 574648 | 19727 | SH |  | SOLE |  | 19727 | 0 | 0 |
| Schwab U.S. Mid-Cap ETF | ETF | 808524508 |  | 2174197 | 70226 | SH |  | SOLE |  | 70226 | 0 | 0 |
| Schwab U.S. Small-Cap ETF | ETF | 808524607 |  | 389672 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| Schwab US Dividend Equity ETF | ETF | 808524797 |  | 7594957 | 247554 | SH |  | SOLE |  | 246654 | 0 | 900 |
| Simon Property Group Inc. | Common | 828806109 |  | 2364268 | 12675 | SH |  | SOLE |  | 8075 | 0 | 4600 |
| Solstice Advanced Materials Inc. | Common | 83443Q103 |  | 348737 | 4579 | SH |  | SOLE |  | 4579 | 0 | 0 |
| Southern Company | Common | 842587107 |  | 1648465 | 17079 | SH |  | SOLE |  | 17079 | 0 | 0 |
| SPDR Gold MiniShares | ETF | 98149E303 |  | 738276 | 7965 | SH |  | SOLE |  | 7965 | 0 | 0 |
| SPDR Gold Shares | ETF | 78463V107 |  | 593800 | 1380 | SH |  | SOLE |  | 1380 | 0 | 0 |
| SPDR S 500 ETF Trust | ETF | 78462F103 |  | 5774630 | 8879 | SH |  | SOLE |  | 8814 | 0 | 65 |
| SPDR S Midcap 400 ETF Trust | ETF | 78467Y107 |  | 1551768 | 2516 | SH |  | SOLE |  | 1630 | 0 | 886 |
| Sprott Physical Gold Trust Units | Closed End | 85207H104 |  | 464299 | 13101 | SH |  | SOLE |  | 13101 | 0 | 0 |
| Starbucks Corporation | Common | 855244109 |  | 449742 | 5020 | SH |  | SOLE |  | 5020 | 0 | 0 |
| State Street Corporation | Common | 857477103 |  | 275268 | 2175 | SH |  | SOLE |  | 1900 | 0 | 275 |
| State Street Health Care Select Sector SPDR ETF | ETF | 81369Y209 |  | 224313 | 1530 | SH |  | SOLE |  | 1530 | 0 | 0 |
| State Street SPDR S Biotech ETF | ETF | 78464A870 |  | 890278 | 6970 | SH |  | SOLE |  | 6970 | 0 | 0 |
| State Street Technology Select Sector SPDR ETF | ETF | 81369Y803 |  | 210248 | 1582 | SH |  | SOLE |  | 1582 | 0 | 0 |
| Sysco Corporation | Common | 871829107 |  | 212706 | 2982 | SH |  | SOLE |  | 2982 | 0 | 0 |
| T-Mobile US Inc. | Common | 872590104 |  | 10567029 | 50312 | SH |  | SOLE |  | 47521 | 0 | 2791 |
| Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | Common | 874039100 |  | 329839 | 976 | SH |  | SOLE |  | 976 | 0 | 0 |
| Texas Pacific Land Corporation | Common | 88262P102 |  | 5224431 | 11009 | SH |  | SOLE |  | 11009 | 0 | 0 |
| Thermo Fisher Scientific Inc. | Common | 883556102 |  | 13369834 | 27200 | SH |  | SOLE |  | 26450 | 0 | 750 |
| Toll Brothers Inc. | Common | 889478103 |  | 10315904 | 75591 | SH |  | SOLE |  | 66829 | 0 | 8762 |
| Toronto-Dominion Bank | Common | 891160509 |  | 472615 | 5065 | SH |  | SOLE |  | 5065 | 0 | 0 |
| Trane Technologies plc | Common | G8994E103 |  | 1657792 | 3978 | SH |  | SOLE |  | 3978 | 0 | 0 |
| Travelers Companies Inc. | Common | 89417E109 |  | 3956931 | 13566 | SH |  | SOLE |  | 13566 | 0 | 0 |
| Truist Financial Corporation | Common | 89832Q109 |  | 468434 | 10190 | SH |  | SOLE |  | 10190 | 0 | 0 |
| Uber Technologies Inc. | Common | 90353T100 |  | 323685 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| Unilever PLC Sponsored ADR | Common | 904767803 |  | 626328 | 10994 | SH |  | SOLE |  | 10994 | 0 | 0 |
| Union Pacific Corporation | Common | 907818108 |  | 5099145 | 21017 | SH |  | SOLE |  | 21017 | 0 | 0 |
| United Parcel Service Inc. Class B | Common | 911312106 |  | 2782973 | 28288 | SH |  | SOLE |  | 28288 | 0 | 0 |
| United Parcel Service Inc. Class B | Common | 911312106 |  | 3738440 | 38000 | SH |  | OTR |  | 38000 | 0 | 0 |
| UnitedHealth Group Incorporated | Common | 91324P102 |  | 612903 | 2265 | SH |  | SOLE |  | 2189 | 0 | 76 |
| VanEck Semiconductor ETF | ETF | 92189F676 |  | 472349 | 1232 | SH |  | SOLE |  | 1232 | 0 | 0 |
| Vanguard Dividend Appreciation ETF | ETF | 921908844 |  | 2323078 | 10802 | SH |  | SOLE |  | 10802 | 0 | 0 |
| Vanguard Dividend Appreciation ETF | ETF | 921908844 |  | 336784 | 1566 | SH |  | OTR |  | 0 | 0 | 1566 |
| Vanguard FTSE All-World ex-US Index Fund | ETF | 922042775 |  | 463743 | 6175 | SH |  | OTR |  | 6175 | 0 | 0 |
| Vanguard FTSE All-World ex-US Index Fund | ETF | 922042775 |  | 6688406 | 89060 | SH |  | SOLE |  | 87660 | 0 | 1400 |
| Vanguard FTSE Developed Markets ETF | ETF | 921943858 |  | 1737081 | 27108 | SH |  | SOLE |  | 26523 | 0 | 585 |
| Vanguard FTSE Emerging Markets ETF | ETF | 922042858 |  | 1047003 | 19371 | SH |  | SOLE |  | 18551 | 0 | 820 |
| Vanguard Growth ETF | ETF | 922908736 |  | 295270 | 676 | SH |  | SOLE |  | 676 | 0 | 0 |
| Vanguard Large-Cap ETF | ETF | 922908637 |  | 707677 | 2368 | SH |  | SOLE |  | 2368 | 0 | 0 |
| Vanguard Mid-Cap ETF | ETF | 922908629 |  | 5436030 | 18929 | SH |  | SOLE |  | 18629 | 0 | 300 |
| Vanguard Mid-Cap Growth ETF | ETF | 922908538 |  | 529884 | 2059 | SH |  | SOLE |  | 2059 | 0 | 0 |
| Vanguard Mid-Cap Value ETF | ETF | 922908512 |  | 354739 | 1925 | SH |  | SOLE |  | 1925 | 0 | 0 |
| Vanguard Russell 1000 Value ETF | ETF | 92206C714 |  | 901779 | 9620 | SH |  | SOLE |  | 9620 | 0 | 0 |
| Vanguard S 500 ETF | ETF | 922908363 |  | 18618463 | 31158 | SH |  | SOLE |  | 31133 | 0 | 25 |
| Vanguard Short-Term Bond ETF | ETF | 921937827 |  | 874820 | 11157 | SH |  | SOLE |  | 11157 | 0 | 0 |
| Vanguard Small Cap Value ETF | ETF | 922908611 |  | 271563 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| Vanguard Small-Cap ETF | ETF | 922908751 |  | 2012331 | 7683 | SH |  | SOLE |  | 7683 | 0 | 0 |
| Vanguard Total Stock Market ETF | ETF | 922908769 |  | 1365047 | 4255 | SH |  | SOLE |  | 4255 | 0 | 0 |
| Veralto Corporation | Common | 92338C103 |  | 371392 | 4200 | SH |  | SOLE |  | 4199 | 0 | 1 |
| Verizon Communications Inc. | Common | 92343V104 |  | 686133 | 13668 | SH |  | SOLE |  | 13668 | 0 | 0 |
| Visa Inc. Class A | Common | 92826C839 |  | 17186273 | 56863 | SH |  | SOLE |  | 52653 | 0 | 4210 |
| Visa Inc. Class A | Common | 92826C839 |  | 745626 | 2467 | SH |  | OTR |  | 1317 | 0 | 1150 |
| Vulcan Materials Company | Common | 929160109 |  | 1344073 | 4936 | SH |  | SOLE |  | 4936 | 0 | 0 |
| Walmart Inc. | Common | 931142103 |  | 7708388 | 62024 | SH |  | SOLE |  | 59949 | 0 | 2075 |
| Walmart Inc. | Common | 931142103 |  | 366626 | 2950 | SH |  | OTR |  | 1750 | 0 | 1200 |
| Walt Disney Company | Common | 254687106 |  | 667721 | 6928 | SH |  | SOLE |  | 6928 | 0 | 0 |
| Warner Bros. Discovery Inc. Series A | Common | 934423104 |  | 216220 | 7874 | SH |  | SOLE |  | 7874 | 0 | 0 |
| Waste Management Inc. | Common | 94106L109 |  | 6733307 | 29302 | SH |  | SOLE |  | 28502 | 0 | 800 |
| Waters Corporation | Common | 941848103 |  | 1413958 | 4748 | SH |  | SOLE |  | 4463 | 0 | 285 |
| Watsco Inc. | Common | 942622200 |  | 5892120 | 16196 | SH |  | SOLE |  | 14921 | 0 | 1275 |
| Wells Fargo  Company | Common | 949746101 |  | 2589384 | 32526 | SH |  | SOLE |  | 32526 | 0 | 0 |
| Wells Fargo  Company | Common | 949746101 |  | 668724 | 8400 | SH |  | OTR |  | 2600 | 0 | 5800 |
| Welltower Inc. | Common | 95040Q104 |  | 874867 | 4425 | SH |  | SOLE |  | 4425 | 0 | 0 |
| Williams Companies Inc. | Common | 969457100 |  | 790682 | 10864 | SH |  | SOLE |  | 10864 | 0 | 0 |
| Zeta Global Holdings Corp. Class A | Common | 98956A105 |  | 184672 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |

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