# EDGAR Filing Document

**Accession Number:** 0001079112
**File Stem:** 0001079112-23-000002
**Filing Date:** 2023-1
**Character Count:** 28987
**Document Hash:** 6b73d261c2d082726229801e5d29ae79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001079112-23-000002.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001079112-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**EFFECTIVENESS DATE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOWLAND CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001079112
- **IRS NUMBER:** 461580977
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03717
- **FILM NUMBER:** 23567651

**BUSINESS ADDRESS:**
- **STREET 1:** 75 FEDERAL STREET
- **STREET 2:** SUITE 1100
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6173579110

**MAIL ADDRESS:**
- **STREET 1:** 75 FEDERAL STREET SUITE 1100
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110-1911

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOWLAND CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19990325

### 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:** HOWLAND CAPITAL MANAGEMENT LLC<br>**Address:** 75 Federal Street Suite 1100<br>Boston, MA 02110-1911

**Form 13F File Number:** 028-03717

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:** Lauren T. McDonough<br>**Title:** Compliance Officer<br>**Phone:** 6173579110

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

ltm@howlandcapital.com  Boston, MA  12-31-2022<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:** 257

**Form 13F Information Table Value Total:** $1621925936

      (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 CO | COM | 88579Y101 |  | 1079280 | 9000 | SH |  | SOLE |  | 8175 | 0 | 825 |
| ABBOTT LABS | COM | 002824100 |  | 3721661 | 33898 | SH |  | SOLE |  | 22972 | 0 | 10926 |
| ABBVIE INC | COM | 00287Y109 |  | 4222546 | 26128 | SH |  | SOLE |  | 15543 | 0 | 10585 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 358900 | 1345 | SH |  | SOLE |  | 785 | 0 | 560 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 227200 | 2968 | SH |  | SOLE |  | 2968 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 1311121 | 3896 | SH |  | SOLE |  | 829 | 0 | 3067 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 26278086 | 505445 | SH |  | SOLE |  | 484997 | 0 | 20448 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1808770 | 5837 | SH |  | SOLE |  | 1320 | 0 | 4517 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 1278072 | 15161 | SH |  | SOLE |  | 15161 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 296525 | 1406 | SH |  | SOLE |  | 1406 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 950600 | 4000 | SH |  | SOLE |  | 1000 | 0 | 3000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 36550513 | 414264 | SH |  | SOLE |  | 386376 | 0 | 27888 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3267039 | 36820 | SH |  | SOLE |  | 25980 | 0 | 10840 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 379824 | 8142 | SH |  | SOLE |  | 3681 | 0 | 4461 |
| AMAZON COM INC | COM | 023135106 |  | 6263880 | 74570 | SH |  | SOLE |  | 33310 | 0 | 41260 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 235951 | 2485 | SH |  | SOLE |  | 2335 | 0 | 150 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 285158 | 1930 | SH |  | SOLE |  | 315 | 0 | 1615 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 41005720 | 192135 | SH |  | SOLE |  | 184276 | 0 | 7859 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 20290455 | 133122 | SH |  | SOLE |  | 126106 | 0 | 7016 |
| AMGEN INC | COM | 031162100 |  | 572555 | 2180 | SH |  | SOLE |  | 1580 | 0 | 600 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 20339188 | 266424 | SH |  | SOLE |  | 247046 | 0 | 19378 |
| APPLE INC | COM | 037833100 |  | 23084923 | 177672 | SH |  | SOLE |  | 151864 | 0 | 25808 |
| APPLIED MATLS INC | COM | 038222105 |  | 295451 | 3034 | SH |  | SOLE |  | 3034 | 0 | 0 |
| ASPEN TECHNOLOGY INC | COM | 29109X106 |  | 16779537 | 81692 | SH |  | SOLE |  | 79705 | 0 | 1987 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 987575 | 14566 | SH |  | SOLE |  | 14566 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 455289 | 24731 | SH |  | SOLE |  | 15097 | 0 | 9634 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 24212299 | 100833 | SH |  | SOLE |  | 94621 | 0 | 6212 |
| AVERY DENNISON CORP | COM | 053611109 |  | 611599 | 3379 | SH |  | SOLE |  | 2949 | 0 | 430 |
| BANK AMERICA CORP | COM | 060505104 |  | 2128059 | 64253 | SH |  | SOLE |  | 16453 | 0 | 47800 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 6537361 | 133470 | SH |  | SOLE |  | 132640 | 0 | 830 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1026100 | 4035 | SH |  | SOLE |  | 3735 | 0 | 300 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 7968086 | 17 | SH |  | SOLE |  | 9 | 0 | 8 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 63768698 | 206438 | SH |  | SOLE |  | 195012 | 0 | 11426 |
| BLACKSTONE INC | COM | 09260D107 |  | 260926 | 3517 | SH |  | SOLE |  | 2900 | 0 | 617 |
| BP PLC | SPONSORED ADR | 055622104 |  | 461216 | 13204 | SH |  | SOLE |  | 9168 | 0 | 4036 |
| BRINKER INTL INC | COM | 109641100 |  | 516814 | 16196 | SH |  | SOLE |  | 546 | 0 | 15650 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1875161 | 26062 | SH |  | SOLE |  | 10778 | 0 | 15284 |
| BROADCOM INC | COM | 11135F101 |  | 211351 | 378 | SH |  | SOLE |  | 322 | 0 | 56 |
| BROOKLINE BANCORP INC DEL | COM | 11373M107 |  | 142745 | 10088 | SH |  | SOLE |  | 10088 | 0 | 0 |
| BROWN FORMAN CORP | CL A | 115637100 |  | 989482 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 823569 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 420826 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 273424 | 2300 | SH |  | SOLE |  | 1700 | 0 | 600 |
| CARMAX INC | COM | 143130102 |  | 14405356 | 236580 | SH |  | SOLE |  | 223686 | 0 | 12894 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 246870 | 5958 | SH |  | SOLE |  | 5033 | 0 | 925 |
| CATERPILLAR INC | COM | 149123101 |  | 1228464 | 5128 | SH |  | SOLE |  | 5128 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 31731319 | 176786 | SH |  | SOLE |  | 163829 | 0 | 12957 |
| CHUBB LIMITED | COM | H1467J104 |  | 35252540 | 159209 | SH |  | SOLE |  | 155572 | 0 | 3637 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 396118 | 4914 | SH |  | SOLE |  | 4856 | 0 | 58 |
| CIGNA CORP NEW | COM | 125523100 |  | 482431 | 1456 | SH |  | SOLE |  | 1264 | 0 | 192 |
| CISCO SYS INC | COM | 17275R102 |  | 706215 | 14824 | SH |  | SOLE |  | 11037 | 0 | 3787 |
| CME GROUP INC | COM | 12572Q105 |  | 565354 | 3362 | SH |  | SOLE |  | 3362 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 5116852 | 80441 | SH |  | SOLE |  | 46585 | 0 | 33856 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2753474 | 34947 | SH |  | SOLE |  | 26915 | 0 | 8032 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1598828 | 45720 | SH |  | SOLE |  | 26020 | 0 | 19700 |
| COMMSCOPE HLDG CO INC | COM | 20337X109 |  | 313845 | 42700 | SH |  | SOLE |  | 42700 | 0 | 0 |
| COMMUNITY BK SYS INC | COM | 203607106 |  | 294764 | 4650 | SH |  | SOLE |  | 4650 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2430382 | 20475 | SH |  | SOLE |  | 1827 | 0 | 18648 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 16043821 | 69229 | SH |  | SOLE |  | 66466 | 0 | 2763 |
| CORTEVA INC | COM | 22052L104 |  | 223952 | 3810 | SH |  | SOLE |  | 3810 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4478722 | 9811 | SH |  | SOLE |  | 2297 | 0 | 7514 |
| COUPANG INC | CL A | 22266T109 |  | 743443 | 50540 | SH |  | SOLE |  | 50540 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 904864 | 29208 | SH |  | SOLE |  | 27108 | 0 | 2100 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 2375983 | 17771 | SH |  | SOLE |  | 17771 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 225814 | 932 | SH |  | SOLE |  | 932 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 22140080 | 237580 | SH |  | SOLE |  | 226603 | 0 | 10977 |
| DANAHER CORPORATION | COM | 235851102 |  | 47474154 | 178696 | SH |  | SOLE |  | 162861 | 0 | 15835 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 471152 | 3406 | SH |  | SOLE |  | 3406 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 575716 | 1339 | SH |  | SOLE |  | 1339 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 459374 | 2578 | SH |  | SOLE |  | 1728 | 0 | 850 |
| DISNEY WALT CO | COM | 254687106 |  | 17826733 | 205188 | SH |  | SOLE |  | 193952 | 0 | 11236 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 140111 | 10257 | SH |  | SOLE |  | 10257 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 228572 | 1688 | SH |  | SOLE |  | 1688 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 229426 | 4553 | SH |  | SOLE |  | 4404 | 0 | 149 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 336356 | 4901 | SH |  | SOLE |  | 4752 | 0 | 149 |
| EASTERN BANKSHARES INC | COM | 27627N105 |  | 1035000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 2905144 | 18510 | SH |  | SOLE |  | 322 | 0 | 18188 |
| ECOLAB INC | COM | 278865100 |  | 20631960 | 141221 | SH |  | SOLE |  | 135854 | 0 | 5367 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 2209202 | 29610 | SH |  | SOLE |  | 13310 | 0 | 16300 |
| EMERSON ELEC CO | COM | 291011104 |  | 2619844 | 27273 | SH |  | SOLE |  | 10206 | 0 | 17067 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 340092 | 14100 | SH |  | SOLE |  | 8500 | 0 | 5600 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 401217 | 6729 | SH |  | SOLE |  | 266 | 0 | 6463 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 219319 | 4595 | SH |  | SOLE |  | 4595 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 12046718 | 143687 | SH |  | SOLE |  | 142549 | 0 | 1138 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 15460751 | 140170 | SH |  | SOLE |  | 102243 | 0 | 37927 |
| FEDEX CORP | COM | 31428X106 |  | 518866 | 2976 | SH |  | SOLE |  | 583 | 0 | 2393 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 18965596 | 155596 | SH |  | SOLE |  | 149238 | 0 | 6358 |
| FIRST TR EXCHANGE-TRADED FD | NAS CLNEDG GREEN | 33733E500 |  | 379880 | 8050 | SH |  | SOLE |  | 8050 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 1422257 | 14072 | SH |  | SOLE |  | 11172 | 0 | 2900 |
| FORTIVE CORP | COM | 34959J108 |  | 449429 | 6995 | SH |  | SOLE |  | 6025 | 0 | 970 |
| FRANCO NEV CORP | COM | 351858105 |  | 791584 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 5543808 | 66100 | SH |  | SOLE |  | 63786 | 0 | 2314 |
| GENERAL MLS INC | COM | 370334104 |  | 1031187 | 12298 | SH |  | SOLE |  | 10343 | 0 | 1955 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2312885 | 26941 | SH |  | SOLE |  | 26675 | 0 | 266 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 264676 | 1103 | SH |  | SOLE |  | 1103 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 11779917 | 469881 | SH |  | SOLE |  | 461553 | 0 | 8328 |
| HERSHEY CO | COM | 427866108 |  | 2060047 | 8896 | SH |  | SOLE |  | 8896 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2926759 | 9266 | SH |  | SOLE |  | 6381 | 0 | 2885 |
| HONEYWELL INTL INC | COM | 438516106 |  | 504676 | 2355 | SH |  | SOLE |  | 1921 | 0 | 434 |
| IDEXX LABS INC | COM | 45168D104 |  | 25047112 | 61396 | SH |  | SOLE |  | 60194 | 0 | 1202 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2006679 | 9055 | SH |  | SOLE |  | 1028 | 0 | 8027 |
| ILLUMINA INC | COM | 452327109 |  | 587391 | 2905 | SH |  | SOLE |  | 2905 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 738243 | 27932 | SH |  | SOLE |  | 14366 | 0 | 13566 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1177136 | 8355 | SH |  | SOLE |  | 7321 | 0 | 1034 |
| INTUIT | COM | 461202103 |  | 550357 | 1414 | SH |  | SOLE |  | 14 | 0 | 1400 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1147639 | 4325 | SH |  | SOLE |  | 4325 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | GBL CLEAN ENRG | 46138G847 |  | 257958 | 14050 | SH |  | SOLE |  | 14050 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 493683 | 1854 | SH |  | SOLE |  | 490 | 0 | 1364 |
| IRON MTN INC DEL | COM | 46284V101 |  | 263244 | 5216 | SH |  | SOLE |  | 1800 | 0 | 3416 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 9785165 | 282890 | SH |  | SOLE |  | 280026 | 0 | 2864 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 1322870 | 43993 | SH |  | SOLE |  | 43993 | 0 | 0 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 5935895 | 118623 | SH |  | SOLE |  | 113742 | 0 | 4881 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 11196886 | 193450 | SH |  | SOLE |  | 153250 | 0 | 40200 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 709463 | 2933 | SH |  | SOLE |  | 2493 | 0 | 440 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1080221 | 11414 | SH |  | SOLE |  | 10935 | 0 | 479 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 3814020 | 54000 | SH |  | SOLE |  | 54000 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 333878 | 869 | SH |  | SOLE |  | 625 | 0 | 244 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 18059435 | 274710 | SH |  | SOLE |  | 274710 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 312935 | 15765 | SH |  | SOLE |  | 15765 | 0 | 0 |
| ISHARES TR | IBONDS DEC | 46435U697 |  | 363075 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| ISHARES TR | IBONDS DEC 25 | 46435U432 |  | 410317 | 15560 | SH |  | SOLE |  | 15560 | 0 | 0 |
| ISHARES TR | IBONDS DEC 26 | 46435U259 |  | 359495 | 14260 | SH |  | SOLE |  | 14260 | 0 | 0 |
| ISHARES TR | IBONDS DEC24 ETF | 46434VBG4 |  | 825762 | 33815 | SH |  | SOLE |  | 33815 | 0 | 0 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 1421940 | 13878 | SH |  | SOLE |  | 13569 | 0 | 309 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 647010 | 14220 | SH |  | SOLE |  | 14220 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 472017 | 7191 | SH |  | SOLE |  | 7191 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 4129243 | 108951 | SH |  | SOLE |  | 88126 | 0 | 20825 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1957939 | 9139 | SH |  | SOLE |  | 9139 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 788339 | 5685 | SH |  | SOLE |  | 5685 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 252938 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 331807 | 1903 | SH |  | SOLE |  | 1903 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 2876913 | 23855 | SH |  | SOLE |  | 23605 | 0 | 250 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 8872901 | 187192 | SH |  | SOLE |  | 187192 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 27006252 | 152880 | SH |  | SOLE |  | 133685 | 0 | 19195 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 5655399 | 42173 | SH |  | SOLE |  | 38329 | 0 | 3844 |
| KELLOGG CO | COM | 487836108 |  | 202535 | 2843 | SH |  | SOLE |  | 1743 | 0 | 1100 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 859384 | 6277 | SH |  | SOLE |  | 1700 | 0 | 4577 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 307534 | 14520 | SH |  | SOLE |  | 374 | 0 | 14146 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 24926517 | 95314 | SH |  | SOLE |  | 88774 | 0 | 6540 |
| KLA CORP | COM NEW | 482480100 |  | 402668 | 1068 | SH |  | SOLE |  | 738 | 0 | 330 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 474302 | 2278 | SH |  | SOLE |  | 2208 | 0 | 70 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 263989 | 1064 | SH |  | SOLE |  | 932 | 0 | 132 |
| LIBERTY MEDIA CORP DEL | COM A SIRIUSXM | 531229409 |  | 239791 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 2417105 | 6607 | SH |  | SOLE |  | 3806 | 0 | 2801 |
| LINDE PLC | SHS | G5494J103 |  | 658884 | 2020 | SH |  | SOLE |  | 1840 | 0 | 180 |
| LOWES COS INC | COM | 548661107 |  | 714076 | 3584 | SH |  | SOLE |  | 3566 | 0 | 18 |
| MARKEL CORP | COM | 570535104 |  | 249006 | 189 | SH |  | SOLE |  | 189 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 1891436 | 11430 | SH |  | SOLE |  | 8380 | 0 | 3050 |
| MASCO CORP | COM | 574599106 |  | 974050 | 20871 | SH |  | SOLE |  | 571 | 0 | 20300 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1833928 | 5274 | SH |  | SOLE |  | 5098 | 0 | 176 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 22112542 | 265519 | SH |  | SOLE |  | 259139 | 0 | 6380 |
| MCDONALDS CORP | COM | 580135101 |  | 2513022 | 9536 | SH |  | SOLE |  | 2698 | 0 | 6838 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 16021525 | 204339 | SH |  | SOLE |  | 190161 | 0 | 14178 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 14079741 | 16638 | SH |  | SOLE |  | 15652 | 0 | 986 |
| MERCK  CO INC | COM | 58933Y105 |  | 5962148 | 53386 | SH |  | SOLE |  | 39236 | 0 | 14150 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1025537 | 8522 | SH |  | SOLE |  | 8154 | 0 | 368 |
| MICROSOFT CORP | COM | 594918104 |  | 84371314 | 351811 | SH |  | SOLE |  | 330688 | 0 | 21123 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 644408 | 9613 | SH |  | SOLE |  | 6089 | 0 | 3524 |
| MOODYS CORP | COM | 615369105 |  | 290601 | 1043 | SH |  | SOLE |  | 13 | 0 | 1030 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1150066 | 13527 | SH |  | SOLE |  | 13058 | 0 | 469 |
| NEOGENOMICS INC | COM NEW | 64049M209 |  | 356812 | 38616 | SH |  | SOLE |  | 38616 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 304906 | 1034 | SH |  | SOLE |  | 1034 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 502687 | 6013 | SH |  | SOLE |  | 2720 | 0 | 3293 |
| NIKE INC | CL B | 654106103 |  | 965684 | 8253 | SH |  | SOLE |  | 8253 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 880212 | 3572 | SH |  | SOLE |  | 972 | 0 | 2600 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 325087 | 2402 | SH |  | SOLE |  | 2402 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 3442437 | 26016 | SH |  | SOLE |  | 266 | 0 | 25750 |
| NUTRIEN LTD | COM | 67077M108 |  | 320940 | 4360 | SH |  | SOLE |  | 4360 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 768258 | 5257 | SH |  | SOLE |  | 4884 | 0 | 373 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 244842 | 3879 | SH |  | SOLE |  | 116 | 0 | 3763 |
| ORACLE CORP | COM | 68389X105 |  | 753725 | 9221 | SH |  | SOLE |  | 9221 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 8776224 | 10398 | SH |  | SOLE |  | 8933 | 0 | 1465 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 235008 | 3001 | SH |  | SOLE |  | 2539 | 0 | 462 |
| OUSTER INC | *W EXP 03/11/202 | 68989M111 |  | 2375 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 8646084 | 74819 | SH |  | SOLE |  | 69119 | 0 | 5700 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 6700378 | 94080 | SH |  | SOLE |  | 88690 | 0 | 5390 |
| PEPSICO INC | COM | 713448108 |  | 7465500 | 41059 | SH |  | SOLE |  | 35887 | 0 | 5172 |
| PERSONALIS INC | COM | 71535D106 |  | 39996 | 20200 | SH |  | SOLE |  | 20200 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 4110831 | 80227 | SH |  | SOLE |  | 59551 | 0 | 20676 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 632916 | 6176 | SH |  | SOLE |  | 2277 | 0 | 3899 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 |  | 13434806 | 716009 | SH |  | SOLE |  | 708118 | 0 | 7891 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 21061344 | 212782 | SH |  | SOLE |  | 209440 | 0 | 3342 |
| PIMCO ETF TR | ENHNCD LW DUR AC | 72201R718 |  | 15767109 | 166879 | SH |  | SOLE |  | 151721 | 0 | 15158 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 16237684 | 107137 | SH |  | SOLE |  | 94463 | 0 | 12674 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 465068 | 5168 | SH |  | SOLE |  | 5168 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 14013392 | 127464 | SH |  | SOLE |  | 117534 | 0 | 9930 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 1366558 | 13541 | SH |  | SOLE |  | 12465 | 0 | 1076 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1036060 | 1436 | SH |  | SOLE |  | 886 | 0 | 550 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 218934 | 850 | SH |  | SOLE |  | 850 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 224131 | 1931 | SH |  | SOLE |  | 131 | 0 | 1800 |
| RPM INTL INC | COM | 749685103 |  | 302095 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 28500714 | 85092 | SH |  | SOLE |  | 78635 | 0 | 6457 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 |  | 211475 | 1632 | SH |  | SOLE |  | 1632 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 729623 | 13603 | SH |  | SOLE |  | 11403 | 0 | 2200 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 208937 | 1538 | SH |  | SOLE |  | 1538 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 331881 | 2667 | SH |  | SOLE |  | 2266 | 0 | 401 |
| SEMPRA | COM | 816851109 |  | 224186 | 1440 | SH |  | SOLE |  | 1440 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 1470331 | 21266 | SH |  | SOLE |  | 266 | 0 | 21000 |
| SHELL PLC | SPON ADS | 780259305 |  | 1380753 | 24245 | SH |  | SOLE |  | 1045 | 0 | 23200 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 273641 | 1153 | SH |  | SOLE |  | 546 | 0 | 607 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1454872 | 12384 | SH |  | SOLE |  | 136 | 0 | 12248 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 223906 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 206900 | 3408 | SH |  | SOLE |  | 3408 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 4126493 | 24325 | SH |  | SOLE |  | 23965 | 0 | 360 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 22593462 | 58805 | SH |  | SOLE |  | 48638 | 0 | 10167 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 796909 | 1793 | SH |  | SOLE |  | 1497 | 0 | 296 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 201090 | 1607 | SH |  | SOLE |  | 1607 | 0 | 0 |
| SPROTT PHYSICAL GOLD  SILVE | TR UNIT | 85208R101 |  | 15289987 | 852760 | SH |  | SOLE |  | 800224 | 0 | 52536 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 |  | 15862937 | 1125031 | SH |  | SOLE |  | 1102702 | 0 | 22329 |
| STARBUCKS CORP | COM | 855244109 |  | 731104 | 7370 | SH |  | SOLE |  | 7370 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 271432 | 3471 | SH |  | SOLE |  | 1126 | 0 | 2345 |
| STRYKER CORPORATION | COM | 863667101 |  | 7685331 | 31338 | SH |  | SOLE |  | 8348 | 0 | 22990 |
| SYSCO CORP | COM | 871829107 |  | 2966336 | 38801 | SH |  | SOLE |  | 9886 | 0 | 28915 |
| TE CONNECTIVITY LTD | SHS | H84989104 |  | 25770419 | 224481 | SH |  | SOLE |  | 215945 | 0 | 8536 |
| TESLA INC | COM | 88160R101 |  | 550368 | 4468 | SH |  | SOLE |  | 4458 | 0 | 10 |
| TEXAS INSTRS INC | COM | 882508104 |  | 664350 | 4021 | SH |  | SOLE |  | 3807 | 0 | 214 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 8204805 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 45810455 | 83142 | SH |  | SOLE |  | 79887 | 0 | 3255 |
| TJX COS INC NEW | COM | 872540109 |  | 40062521 | 503298 | SH |  | SOLE |  | 484831 | 0 | 18467 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 280110 | 1494 | SH |  | SOLE |  | 495 | 0 | 999 |
| UDR INC | COM | 902653104 |  | 518711 | 13393 | SH |  | SOLE |  | 360 | 0 | 13033 |
| UGI CORP NEW | COM | 902681105 |  | 10297533 | 275055 | SH |  | SOLE |  | 273951 | 0 | 1104 |
| UNION PAC CORP | COM | 907818108 |  | 20230532 | 97699 | SH |  | SOLE |  | 94803 | 0 | 2896 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2167263 | 12467 | SH |  | SOLE |  | 10967 | 0 | 1500 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 681811 | 1286 | SH |  | SOLE |  | 1253 | 0 | 33 |
| US BANCORP DEL | COM NEW | 902973304 |  | 3746548 | 84975 | SH |  | SOLE |  | 77719 | 0 | 7256 |
| VANECK ETF TRUST | LOW CARBN ENERGY | 92189F502 |  | 534350 | 4820 | SH |  | SOLE |  | 4820 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 718924 | 9550 | SH |  | SOLE |  | 6960 | 0 | 2590 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 459828 | 3461 | SH |  | SOLE |  | 3246 | 0 | 215 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 203640 | 1169 | SH |  | SOLE |  | 1169 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 1219865 | 9020 | SH |  | SOLE |  | 9020 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4940894 | 14063 | SH |  | SOLE |  | 13679 | 0 | 384 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3986312 | 20850 | SH |  | SOLE |  | 20850 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1267822 | 9032 | SH |  | SOLE |  | 9032 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 118811493 | 2369595 | SH |  | SOLE |  | 2302890 | 0 | 66705 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 12990163 | 333252 | SH |  | SOLE |  | 332084 | 0 | 1168 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 309688 | 5586 | SH |  | SOLE |  | 5446 | 0 | 140 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 268495 | 3464 | SH |  | SOLE |  | 3464 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 540586 | 3560 | SH |  | SOLE |  | 3495 | 0 | 65 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 544729 | 12979 | SH |  | SOLE |  | 9124 | 0 | 3855 |
| VERASTEM INC | COM | 92337C104 |  | 13223 | 32853 | SH |  | SOLE |  | 32853 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 921369 | 23385 | SH |  | SOLE |  | 3979 | 0 | 19406 |
| VIATRIS INC | COM | 92556V106 |  | 664706 | 59722 | SH |  | SOLE |  | 740 | 0 | 58982 |
| VISA INC | COM CL A | 92826C839 |  | 43377379 | 208786 | SH |  | SOLE |  | 194325 | 0 | 14461 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 2019046 | 54043 | SH |  | SOLE |  | 45013 | 0 | 9030 |
| WALMART INC | COM | 931142103 |  | 610254 | 4287 | SH |  | SOLE |  | 2077 | 0 | 2210 |
| WATSCO INC | COM | 942622200 |  | 38586669 | 154718 | SH |  | SOLE |  | 147847 | 0 | 6871 |
| WAYFAIR INC | CL A | 94419L101 |  | 1704491 | 51824 | SH |  | SOLE |  | 48625 | 0 | 3199 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 312441 | 7567 | SH |  | SOLE |  | 534 | 0 | 7033 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 1439144 | 46424 | SH |  | SOLE |  | 4960 | 0 | 41464 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 625280 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| WISDOMTREE TR | INTL MIDCAP DV | 97717W778 |  | 696548 | 12556 | SH |  | SOLE |  | 12556 | 0 | 0 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 460064 | 7622 | SH |  | SOLE |  | 257 | 0 | 7365 |
| XYLEM INC | COM | 98419M100 |  | 344868 | 3119 | SH |  | SOLE |  | 3119 | 0 | 0 |
| YANDEX N V | SHS CLASS A | N97284108 |  | 3320465 | 222850 | SH |  | SOLE |  | 222850 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 15585927 | 121689 | SH |  | SOLE |  | 119368 | 0 | 2321 |
| ZOETIS INC | CL A | 98978V103 |  | 564364 | 3851 | SH |  | SOLE |  | 3075 | 0 | 776 |

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