# EDGAR Filing Document

**Accession Number:** 0001469219
**File Stem:** 0001398344-23-000586
**Filing Date:** 2023-1
**Character Count:** 32747
**Document Hash:** ec6368a61eb76980f4a718439d9280aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-000586.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001398344-23-000586

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** YHB Investment Advisors, Inc.
- **CENTRAL INDEX KEY:** 0001469219
- **IRS NUMBER:** 061283359
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13567
- **FILM NUMBER:** 23525047

**BUSINESS ADDRESS:**
- **STREET 1:** 29 SOUTH MAIN ST., STE. 306
- **CITY:** WEST HARTFORD
- **STATE:** CT
- **ZIP:** 06107-2417
- **BUSINESS PHONE:** 860-561-7050

**MAIL ADDRESS:**
- **STREET 1:** 29 SOUTH MAIN ST., STE. 306
- **CITY:** WEST HARTFORD
- **STATE:** CT
- **ZIP:** 06107-2417

### 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:** YHB Investment Advisors Inc.<br>**Address:** 29 SOUTH MAIN ST. STE. 306<br>WEST HARTFORD, CT 06107-2417

**Form 13F File Number:** 028-13567

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:** Mark W. Everette<br>**Title:** CEO and Senior Portfolio Manager<br>**Phone:** 860-561-7050

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

/s/ Mark W. Everette  West Hartford, CT  01-10-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 283

**Form 13F Information Table Value Total:** $937293066

      (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 | Stock | 88579Y101 |  | 861817 | 7187 | SH |  | SOLE |  | 7186 | 0 | 0 |
| ABBOTT LABS COM | Stock | 002824100 |  | 816398 | 7436 | SH |  | SOLE |  | 7436 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 6344162 | 39256 | SH |  | SOLE |  | 39256 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 247894 | 929 | SH |  | SOLE |  | 929 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED COM | Stock | 00724F101 |  | 466094 | 1385 | SH |  | SOLE |  | 1385 | 0 | 0 |
| AERCAP HOLDINGS NV SHS | Stock | N00985106 |  | 1562451 | 26791 | SH |  | SOLE |  | 26791 | 0 | 0 |
| AFLAC INC COM | Stock | 001055102 |  | 3614533 | 50244 | SH |  | SOLE |  | 50244 | 0 | 0 |
| AIR PRODS  CHEMS INC COM | Stock | 009158106 |  | 253081 | 821 | SH |  | SOLE |  | 821 | 0 | 0 |
| AKILI INC COMMON STOCK | Stock | 00974B107 |  | 130402 | 116430 | SH |  | SOLE |  | 116430 | 0 | 0 |
| ALIGN TECHNOLOGY INC COM | Stock | 016255101 |  | 1021811 | 4845 | SH |  | SOLE |  | 4845 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 16090152 | 182366 | SH |  | SOLE |  | 182366 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 16473523 | 185659 | SH |  | SOLE |  | 185659 | 0 | 0 |
| AMAZON COM INC COM | Stock | 023135106 |  | 20069532 | 238923 | SH |  | SOLE |  | 238923 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 1050798 | 7112 | SH |  | SOLE |  | 7112 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | REIT | 03027X100 |  | 1398750 | 6652 | SH |  | SOLE |  | 6652 | 0 | 0 |
| AMERIPRISE FINL INC COM | Stock | 03076C106 |  | 334100 | 1073 | SH |  | SOLE |  | 1073 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 12200333 | 46453 | SH |  | SOLE |  | 46452 | 0 | 0 |
| AMPHENOL CORP NEW CL A | Stock | 032095101 |  | 6200080 | 81430 | SH |  | SOLE |  | 81430 | 0 | 0 |
| AON PLC SHS CL A | Stock | G0403H108 |  | 10872572 | 36225 | SH |  | SOLE |  | 36225 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 53060714 | 408379 | SH |  | SOLE |  | 408379 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 297301 | 3053 | SH |  | SOLE |  | 3053 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC COM | Stock | 053015103 |  | 1089440 | 4561 | SH |  | SOLE |  | 4561 | 0 | 0 |
| AUTOZONE INC COM | Stock | 053332102 |  | 1642476 | 666 | SH |  | SOLE |  | 666 | 0 | 0 |
| AXON ENTERPRISE INC COM | Stock | 05464C101 |  | 262833 | 1584 | SH |  | SOLE |  | 1584 | 0 | 0 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 559910 | 16905 | SH |  | SOLE |  | 16905 | 0 | 0 |
| BECTON DICKINSON  CO COM | Stock | 075887109 |  | 7250093 | 28510 | SH |  | SOLE |  | 28510 | 0 | 0 |
| BERKLEY W R CORP COM | Stock | 084423102 |  | 783248 | 10793 | SH |  | SOLE |  | 10793 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 24253284 | 78515 | SH |  | SOLE |  | 78515 | 0 | 0 |
| BLACKROCK INC COM | Stock | 09247X101 |  | 1933143 | 2728 | SH |  | SOLE |  | 2728 | 0 | 0 |
| BLACKROCK ULTRA SHORT-TERM BOND ETF | ETF | 46434V878 |  | 604884 | 12088 | SH |  | SOLE |  | 12088 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 270425 | 1420 | SH |  | SOLE |  | 1419 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG CORP CL A | Stock | 099502106 |  | 2242581 | 21456 | SH |  | SOLE |  | 21456 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 1932335 | 26857 | SH |  | SOLE |  | 26856 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 322059 | 576 | SH |  | SOLE |  | 576 | 0 | 0 |
| CAMDEN PPTY TR SH BEN INT | REIT | 133131102 |  | 853309 | 7627 | SH |  | SOLE |  | 7627 | 0 | 0 |
| CAPITAL ONE FINL CORP COM | Stock | 14040H105 |  | 1577717 | 16972 | SH |  | SOLE |  | 16972 | 0 | 0 |
| CARLISLE COS INC COM | Stock | 142339100 |  | 4145641 | 17642 | SH |  | SOLE |  | 17642 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | Stock | 14448C104 |  | 1878903 | 45549 | SH |  | SOLE |  | 45549 | 0 | 0 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 420698 | 1756 | SH |  | SOLE |  | 1756 | 0 | 0 |
| CDW CORP COM | Stock | 12514G108 |  | 252512 | 1414 | SH |  | SOLE |  | 1414 | 0 | 0 |
| CHARLES RIV LABS INTL INC COM | Stock | 159864107 |  | 225527 | 1035 | SH |  | SOLE |  | 1035 | 0 | 0 |
| CHARTER COMMUNICATIONS INC NEW CL A | Stock | 16119P108 |  | 1167521 | 3443 | SH |  | SOLE |  | 3443 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 3643743 | 20301 | SH |  | SOLE |  | 20300 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC COM | Stock | 169656105 |  | 496721 | 358 | SH |  | SOLE |  | 358 | 0 | 0 |
| CHURCH  DWIGHT CO INC COM | Stock | 171340102 |  | 4212295 | 52255 | SH |  | SOLE |  | 52255 | 0 | 0 |
| CIGNA CORP NEW COM | Stock | 125523100 |  | 684548 | 2066 | SH |  | SOLE |  | 2066 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 1620124 | 34008 | SH |  | SOLE |  | 34007 | 0 | 0 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 1484026 | 32811 | SH |  | SOLE |  | 32810 | 0 | 0 |
| CME GROUP INC COM | Stock | 12572Q105 |  | 4539836 | 26997 | SH |  | SOLE |  | 26997 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 1086586 | 17082 | SH |  | SOLE |  | 17082 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIONS CL A | Stock | 192446102 |  | 785390 | 13733 | SH |  | SOLE |  | 13733 | 0 | 0 |
| COLGATE PALMOLIVE CO COM | Stock | 194162103 |  | 3198950 | 40601 | SH |  | SOLE |  | 40600 | 0 | 0 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 3926502 | 112282 | SH |  | SOLE |  | 112282 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 929604 | 7878 | SH |  | SOLE |  | 7878 | 0 | 0 |
| COPART INC COM | Stock | 217204106 |  | 381415 | 6264 | SH |  | SOLE |  | 6264 | 0 | 0 |
| CORTEVA INC COM | Stock | 22052L104 |  | 202556 | 3446 | SH |  | SOLE |  | 3446 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 22118063 | 48451 | SH |  | SOLE |  | 48451 | 0 | 0 |
| CROWN CASTLE INC COM | REIT | 22822V101 |  | 219737 | 1620 | SH |  | SOLE |  | 1620 | 0 | 0 |
| CSX CORP COM | Stock | 126408103 |  | 330054 | 10654 | SH |  | SOLE |  | 10653 | 0 | 0 |
| CUMMINS INC COM | Stock | 231021106 |  | 4253986 | 17557 | SH |  | SOLE |  | 17557 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 7534686 | 80853 | SH |  | SOLE |  | 80852 | 0 | 0 |
| DANAHER CORPORATION COM | Stock | 235851102 |  | 23681600 | 89223 | SH |  | SOLE |  | 89223 | 0 | 0 |
| DEERE  CO COM | Stock | 244199105 |  | 393173 | 917 | SH |  | SOLE |  | 917 | 0 | 0 |
| DISNEY | Stock | 254687106 |  | 9203860 | 105938 | SH |  | SOLE |  | 105937 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | Stock | 256677105 |  | 2833569 | 11507 | SH |  | SOLE |  | 11506 | 0 | 0 |
| DOW INC COM | Stock | 260557103 |  | 207304 | 4114 | SH |  | SOLE |  | 4114 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 286894 | 2786 | SH |  | SOLE |  | 2785 | 0 | 0 |
| DUPONT DE NEMOURS INC COM | Stock | 26614N102 |  | 284894 | 4151 | SH |  | SOLE |  | 4151 | 0 | 0 |
| EBAY INC. COM | Stock | 278642103 |  | 2209376 | 53276 | SH |  | SOLE |  | 53276 | 0 | 0 |
| ECOLAB INC COM | Stock | 278865100 |  | 12230861 | 84026 | SH |  | SOLE |  | 84026 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP COM | Stock | 28176E108 |  | 2989324 | 40066 | SH |  | SOLE |  | 40066 | 0 | 0 |
| ELEVANCE HEALTH INC COM | Stock | 036752103 |  | 3490761 | 6805 | SH |  | SOLE |  | 6805 | 0 | 0 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 868478 | 9041 | SH |  | SOLE |  | 9041 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | ETF | 81369Y506 |  | 755653 | 8639 | SH |  | SOLE |  | 8639 | 0 | 0 |
| ENTERGY CORP NEW COM | Stock | 29364G103 |  | 205988 | 1831 | SH |  | SOLE |  | 1831 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L P COM | Stock | 293792107 |  | 224171 | 9294 | SH |  | SOLE |  | 9294 | 0 | 0 |
| EOG RES INC COM | Stock | 26875P101 |  | 293622 | 2267 | SH |  | SOLE |  | 2267 | 0 | 0 |
| EQUINIX INC COM | REIT | 29444U700 |  | 511578 | 781 | SH |  | SOLE |  | 781 | 0 | 0 |
| ESSENTIAL UTILS INC COM | Stock | 29670G102 |  | 2667446 | 56033 | SH |  | SOLE |  | 56033 | 0 | 0 |
| ETFMG PRIME CYBER SECURITY ETFMG PRIME CYBER SECURITY FUND | ETF | 26924G201 |  | 1314155 | 29833 | SH |  | SOLE |  | 29833 | 0 | 0 |
| EVERSOURCE ENERGY COM | Stock | 30040W108 |  | 221505 | 2642 | SH |  | SOLE |  | 2642 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 3597124 | 32612 | SH |  | SOLE |  | 32612 | 0 | 0 |
| FASTENAL CO COM | Stock | 311900104 |  | 2192146 | 46326 | SH |  | SOLE |  | 46326 | 0 | 0 |
| FEDEX CORP COM | Stock | 31428X106 |  | 261532 | 1510 | SH |  | SOLE |  | 1510 | 0 | 0 |
| FINANCIAL SELECT SECTOR SPDR FUND | ETF | 81369Y605 |  | 355372 | 10391 | SH |  | SOLE |  | 10391 | 0 | 0 |
| FIRST TRUST NASDAQ ARTIFICIAL INTELLIGENCE  ROBOTICS ETF | ETF | 33738R720 |  | 1184913 | 33172 | SH |  | SOLE |  | 33172 | 0 | 0 |
| FIRST TRUST NASDAQ CLEAN EDGE GREEN ENERGY INDEX FUND | ETF | 33733E500 |  | 209288 | 4435 | SH |  | SOLE |  | 4435 | 0 | 0 |
| FISERV INC COM | Stock | 337738108 |  | 353139 | 3494 | SH |  | SOLE |  | 3494 | 0 | 0 |
| FORTIVE CORP COM | Stock | 34959J108 |  | 5227995 | 81370 | SH |  | SOLE |  | 81369 | 0 | 0 |
| GENERAL ELECTRIC CO COM NEW | Stock | 369604301 |  | 4022171 | 48003 | SH |  | SOLE |  | 48003 | 0 | 0 |
| GENERAL MLS INC COM | Stock | 370334104 |  | 240398 | 2867 | SH |  | SOLE |  | 2867 | 0 | 0 |
| GENERAL MOLY INC COM | Stock | 370373102 |  | 0 | 11550 | SH |  | SOLE |  | 11550 | 0 | 0 |
| GENERAL MTRS CO COM | Stock | 37045V100 |  | 527542 | 15682 | SH |  | SOLE |  | 15682 | 0 | 0 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 734923 | 8561 | SH |  | SOLE |  | 8560 | 0 | 0 |
| GLOBAL X LITHIUM  BATTERY TECH ETF | ETF | 37954Y855 |  | 310692 | 5301 | SH |  | SOLE |  | 5301 | 0 | 0 |
| GOLDMAN SACHS ACTIVEBETA U.S. LARGE CAP EQUITY ETF | ETF | 381430503 |  | 1844382 | 24227 | SH |  | SOLE |  | 24226 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 5709379 | 16627 | SH |  | SOLE |  | 16627 | 0 | 0 |
| GRAINGER W W INC COM | Stock | 384802104 |  | 319844 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC COM | Stock | 416515104 |  | 236362 | 3117 | SH |  | SOLE |  | 3117 | 0 | 0 |
| HERSHEY CO COM | Stock | 427866108 |  | 243149 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC COM | Stock | 43300A203 |  | 2943935 | 23298 | SH |  | SOLE |  | 23298 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 12609341 | 39921 | SH |  | SOLE |  | 39920 | 0 | 0 |
| HONEYWELL INTL INC COM | Stock | 438516106 |  | 7061063 | 32949 | SH |  | SOLE |  | 32949 | 0 | 0 |
| IDEX CORP COM | Stock | 45167R104 |  | 277193 | 1214 | SH |  | SOLE |  | 1214 | 0 | 0 |
| IDEXX LABS INC COM | Stock | 45168D104 |  | 321880 | 789 | SH |  | SOLE |  | 789 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | Stock | 452308109 |  | 1652647 | 7502 | SH |  | SOLE |  | 7501 | 0 | 0 |
| INDEPENDENCE RLTY TR INC COM | REIT | 45378A106 |  | 464948 | 27577 | SH |  | SOLE |  | 27577 | 0 | 0 |
| ING GROEP N.V. SPONSORED ADR | ADR | 456837103 |  | 228833 | 18803 | SH |  | SOLE |  | 18803 | 0 | 0 |
| INTEL CORP COM | Stock | 458140100 |  | 509327 | 19271 | SH |  | SOLE |  | 19270 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC COM | Stock | 45866F104 |  | 241702 | 2356 | SH |  | SOLE |  | 2356 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 522729 | 3710 | SH |  | SOLE |  | 3710 | 0 | 0 |
| INTUIT COM | Stock | 461202103 |  | 10028399 | 25780 | SH |  | SOLE |  | 25780 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | Stock | 46120E602 |  | 7738402 | 29163 | SH |  | SOLE |  | 29163 | 0 | 0 |
| INVESCO BULLETSHARES 2024 CORPORATE BOND ETF | ETF | 46138J841 |  | 253134 | 12357 | SH |  | SOLE |  | 12357 | 0 | 0 |
| INVESCO BULLETSHARES 2025 CORPORATE BOND ETF | ETF | 46138J825 |  | 390817 | 19405 | SH |  | SOLE |  | 19405 | 0 | 0 |
| INVESCO BULLETSHARES 2026 CORPORATE BOND ETF | ETF | 46138J791 |  | 293621 | 15515 | SH |  | SOLE |  | 15515 | 0 | 0 |
| INVESCO BULLETSHARES 2027 CORPORATE BOND ETF | ETF | 46138J783 |  | 213504 | 11240 | SH |  | SOLE |  | 11240 | 0 | 0 |
| INVESCO DYNAMIC BIOTECHNOLOGY  GENOME ETF | ETF | 46137V787 |  | 1444557 | 22750 | SH |  | SOLE |  | 22750 | 0 | 0 |
| INVESCO GLOBAL WATER ETF | ETF | 46138E651 |  | 445966 | 13659 | SH |  | SOLE |  | 13659 | 0 | 0 |
| INVESCO QQQ TRUST | ETF | 46090E103 |  | 2026391 | 7610 | SH |  | SOLE |  | 7610 | 0 | 0 |
| INVESCO ULTRA SHORT DURATION ETF | ETF | 46090A887 |  | 759211 | 15350 | SH |  | SOLE |  | 15350 | 0 | 0 |
| ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464288646 |  | 1674450 | 33610 | SH |  | SOLE |  | 33610 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 4728219 | 76707 | SH |  | SOLE |  | 76707 | 0 | 0 |
| ISHARES CORE MSCI EMERGING MARKETS ETF | ETF | 46434G103 |  | 3126145 | 66941 | SH |  | SOLE |  | 66941 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 7198559 | 18736 | SH |  | SOLE |  | 18736 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 18135716 | 74975 | SH |  | SOLE |  | 74975 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 13228873 | 139781 | SH |  | SOLE |  | 139780 | 0 | 0 |
| ISHARES CORE S U.S. GROWTH ETF | ETF | 464287671 |  | 473794 | 5812 | SH |  | SOLE |  | 5812 | 0 | 0 |
| ISHARES MSCI ACWI ETF | ETF | 464288257 |  | 292836 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 360054 | 5485 | SH |  | SOLE |  | 5485 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 733453 | 19352 | SH |  | SOLE |  | 19352 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS MIN VOL FACTOR ETF | ETF | 464286533 |  | 574903 | 10837 | SH |  | SOLE |  | 10837 | 0 | 0 |
| ISHARES MSCI INTL QUALITY FACTOR ETF | ETF | 46434V456 |  | 1213103 | 37453 | SH |  | SOLE |  | 37453 | 0 | 0 |
| ISHARES MSCI USA EQUAL WEIGHTED ETF | ETF | 464286681 |  | 561638 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| ISHARES RUSSELL 1000 ETF | ETF | 464287622 |  | 2216144 | 10527 | SH |  | SOLE |  | 10527 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 411769 | 1922 | SH |  | SOLE |  | 1922 | 0 | 0 |
| ISHARES RUSSELL 1000 VALUE ETF | ETF | 464287598 |  | 340454 | 2245 | SH |  | SOLE |  | 2245 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 5337508 | 30612 | SH |  | SOLE |  | 30612 | 0 | 0 |
| ISHARES RUSSELL MID-CAP GROWTH ETF | ETF | 464287481 |  | 220119 | 2633 | SH |  | SOLE |  | 2633 | 0 | 0 |
| ISHARES S 500 GROWTH ETF | ETF | 464287309 |  | 7143229 | 122106 | SH |  | SOLE |  | 122106 | 0 | 0 |
| ISHARES S 500 VALUE ETF | ETF | 464287408 |  | 5631698 | 38821 | SH |  | SOLE |  | 38820 | 0 | 0 |
| ISHARES S MID-CAP 400 GROWTH ETF | ETF | 464287606 |  | 1393798 | 20407 | SH |  | SOLE |  | 20407 | 0 | 0 |
| ISHARES S SMALL-CAP 600 GROWTH ETF | ETF | 464287887 |  | 253532 | 2346 | SH |  | SOLE |  | 2346 | 0 | 0 |
| ISHARES SHORT-TERM NATIONAL MUNI BOND ETF | ETF | 464288158 |  | 1271573 | 12195 | SH |  | SOLE |  | 12195 | 0 | 0 |
| ISHARES U.S. FINANCIALS ETF | ETF | 464287788 |  | 215090 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 11483187 | 65005 | SH |  | SOLE |  | 65005 | 0 | 0 |
| JOHNSON CTLS INTL PLC SHS | Stock | G51502105 |  | 645696 | 10089 | SH |  | SOLE |  | 10089 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 2997121 | 22350 | SH |  | SOLE |  | 22349 | 0 | 0 |
| JPMORGAN ULTRA-SHORT INCOME ETF | ETF | 46641Q837 |  | 4812179 | 95994 | SH |  | SOLE |  | 95994 | 0 | 0 |
| JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF | ETF | 46641Q654 |  | 3598698 | 71212 | SH |  | SOLE |  | 71212 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC COM | Stock | 49338L103 |  | 364208 | 2129 | SH |  | SOLE |  | 2129 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | Stock | 494368103 |  | 396343 | 2920 | SH |  | SOLE |  | 2919 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC COM | Stock | 502431109 |  | 2156481 | 10407 | SH |  | SOLE |  | 10407 | 0 | 0 |
| LAM RESEARCH CORP COM | Stock | 512807108 |  | 6190543 | 14729 | SH |  | SOLE |  | 14728 | 0 | 0 |
| LIBERTY BROADBAND CORP COM SER A | Stock | 530307107 |  | 556284 | 7334 | SH |  | SOLE |  | 7334 | 0 | 0 |
| LIBERTY BROADBAND CORP COM SER C | Stock | 530307305 |  | 1023162 | 13415 | SH |  | SOLE |  | 13415 | 0 | 0 |
| LIBERTY GLOBAL PLC SHS CL C | Stock | G5480U120 |  | 454448 | 23389 | SH |  | SOLE |  | 23389 | 0 | 0 |
| LILLY ELI  CO COM | Stock | 532457108 |  | 691235 | 1889 | SH |  | SOLE |  | 1889 | 0 | 0 |
| LINCOLN ELEC HLDGS INC COM | Stock | 533900106 |  | 920257 | 6369 | SH |  | SOLE |  | 6369 | 0 | 0 |
| LINDE PLC SHS | Stock | G5494J103 |  | 3732447 | 11443 | SH |  | SOLE |  | 11442 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 265137 | 545 | SH |  | SOLE |  | 545 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 1836594 | 9218 | SH |  | SOLE |  | 9218 | 0 | 0 |
| LPL FINL HLDGS INC COM | Stock | 50212V100 |  | 249460 | 1154 | SH |  | SOLE |  | 1154 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N V SHS - A - | Stock | N53745100 |  | 807467 | 9725 | SH |  | SOLE |  | 9725 | 0 | 0 |
| M  T BK CORP COM | Stock | 55261F104 |  | 492914 | 3398 | SH |  | SOLE |  | 3398 | 0 | 0 |
| MARRIOTT INTL INC NEW CL A | Stock | 571903202 |  | 3936354 | 26438 | SH |  | SOLE |  | 26438 | 0 | 0 |
| MARSH  MCLENNAN COS INC COM | Stock | 571748102 |  | 232830 | 1407 | SH |  | SOLE |  | 1407 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 1310247 | 3768 | SH |  | SOLE |  | 3768 | 0 | 0 |
| MCCORMICK  CO INC COM NON VTG | Stock | 579780206 |  | 7817275 | 94309 | SH |  | SOLE |  | 94309 | 0 | 0 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 10092620 | 38298 | SH |  | SOLE |  | 38297 | 0 | 0 |
| MCKESSON CORP COM | Stock | 58155Q103 |  | 1393571 | 3715 | SH |  | SOLE |  | 3715 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 1488520 | 19152 | SH |  | SOLE |  | 19152 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 1347157 | 12142 | SH |  | SOLE |  | 12142 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 1826039 | 15174 | SH |  | SOLE |  | 15174 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 42536307 | 177368 | SH |  | SOLE |  | 177367 | 0 | 0 |
| MIDDLEFIELD BANC CORP COM NEW | Stock | 596304204 |  | 245285 | 8952 | SH |  | SOLE |  | 8952 | 0 | 0 |
| MONDELEZ INTL INC CL A | Stock | 609207105 |  | 2865111 | 42987 | SH |  | SOLE |  | 42987 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW COM | Stock | 61174X109 |  | 244180 | 2405 | SH |  | SOLE |  | 2405 | 0 | 0 |
| MORGAN STANLEY COM NEW | Stock | 617446448 |  | 6395459 | 75223 | SH |  | SOLE |  | 75223 | 0 | 0 |
| MORNINGSTAR INC COM | Stock | 617700109 |  | 4137519 | 19103 | SH |  | SOLE |  | 19103 | 0 | 0 |
| NETFLIX INC COM | Stock | 64110L106 |  | 2065045 | 7003 | SH |  | SOLE |  | 7003 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 9136338 | 109286 | SH |  | SOLE |  | 109286 | 0 | 0 |
| NIKE INC CL B | Stock | 654106103 |  | 10193794 | 87119 | SH |  | SOLE |  | 87119 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | Stock | 655844108 |  | 433453 | 1759 | SH |  | SOLE |  | 1759 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 375925 | 689 | SH |  | SOLE |  | 689 | 0 | 0 |
| NOVARTIS AG SPONSORED ADR | ADR | 66987V109 |  | 376760 | 4153 | SH |  | SOLE |  | 4153 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 3114841 | 21314 | SH |  | SOLE |  | 21314 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 7122517 | 87136 | SH |  | SOLE |  | 87136 | 0 | 0 |
| OREILLY AUTOMOTIVE INC COM | Stock | 67103H107 |  | 275998 | 327 | SH |  | SOLE |  | 327 | 0 | 0 |
| OTIS WORLDWIDE CORP COM | Stock | 68902V107 |  | 1646624 | 21027 | SH |  | SOLE |  | 21027 | 0 | 0 |
| PAYCHEX INC COM | Stock | 704326107 |  | 6310154 | 54605 | SH |  | SOLE |  | 54605 | 0 | 0 |
| PAYPAL HLDGS INC COM | Stock | 70450Y103 |  | 5051635 | 70930 | SH |  | SOLE |  | 70930 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 15733963 | 87092 | SH |  | SOLE |  | 87091 | 0 | 0 |
| PFIZER INC COM | Stock | 717081103 |  | 4079794 | 79621 | SH |  | SOLE |  | 79621 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 211529 | 2090 | SH |  | SOLE |  | 2090 | 0 | 0 |
| PHILLIPS 66 COM | Stock | 718546104 |  | 1322691 | 12708 | SH |  | SOLE |  | 12708 | 0 | 0 |
| PIMCO ENHANCED SHORT MATURITY ACTIVE ETF | ETF | 72201R833 |  | 8496504 | 86128 | SH |  | SOLE |  | 86127 | 0 | 0 |
| PIMCO SHORT TERM MUNICIPAL BOND ACTIVE ETF | ETF | 72201R874 |  | 902838 | 18315 | SH |  | SOLE |  | 18315 | 0 | 0 |
| POOL CORP COM | Stock | 73278L105 |  | 237027 | 784 | SH |  | SOLE |  | 784 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 6054752 | 39950 | SH |  | SOLE |  | 39949 | 0 | 0 |
| PROLOGIS INC. COM | REIT | 74340W103 |  | 3963041 | 35155 | SH |  | SOLE |  | 35155 | 0 | 0 |
| PROSHARES ULTRA SILVER | ETF | 74347W353 |  | 672000 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 351368 | 3196 | SH |  | SOLE |  | 3196 | 0 | 0 |
| QUANTA SVCS INC COM | Stock | 74762E102 |  | 299250 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| RAYMOND JAMES FINL INC COM | Stock | 754730109 |  | 208999 | 1956 | SH |  | SOLE |  | 1956 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | Stock | 75513E101 |  | 8203093 | 81283 | SH |  | SOLE |  | 81283 | 0 | 0 |
| REGENERON PHARMACEUTICALS COM | Stock | 75886F107 |  | 562041 | 779 | SH |  | SOLE |  | 779 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 785728 | 5926 | SH |  | SOLE |  | 5926 | 0 | 0 |
| SCHWAB EMERGING MARKETS EQUITY ETF | ETF | 808524706 |  | 239816 | 10132 | SH |  | SOLE |  | 10131 | 0 | 0 |
| SCHWAB U.S. BROAD MARKET ETF | ETF | 808524102 |  | 1989318 | 44394 | SH |  | SOLE |  | 44394 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 |  | 1330300 | 29464 | SH |  | SOLE |  | 29464 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP GROWTH ETF | ETF | 808524300 |  | 6252842 | 112542 | SH |  | SOLE |  | 112542 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP VALUE ETF | ETF | 808524409 |  | 238860 | 3618 | SH |  | SOLE |  | 3618 | 0 | 0 |
| SCHWAB U.S. MID-CAP ETF | ETF | 808524508 |  | 3560261 | 54264 | SH |  | SOLE |  | 54264 | 0 | 0 |
| SCHWAB U.S. SMALL-CAP ETF | ETF | 808524607 |  | 3263364 | 80557 | SH |  | SOLE |  | 80557 | 0 | 0 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 10853434 | 143678 | SH |  | SOLE |  | 143677 | 0 | 0 |
| SERVICENOW INC COM | Stock | 81762P102 |  | 267518 | 689 | SH |  | SOLE |  | 689 | 0 | 0 |
| SHELL PLC SPON ADS | ADR | 780259305 |  | 2500447 | 43906 | SH |  | SOLE |  | 43906 | 0 | 0 |
| SHERWIN WILLIAMS CO COM | Stock | 824348106 |  | 290035 | 1222 | SH |  | SOLE |  | 1222 | 0 | 0 |
| SKYWORKS SOLUTIONS INC COM | Stock | 83088M102 |  | 201397 | 2210 | SH |  | SOLE |  | 2210 | 0 | 0 |
| SOUTHERN CO COM | Stock | 842587107 |  | 272347 | 3814 | SH |  | SOLE |  | 3813 | 0 | 0 |
| SPDR BLACKSTONE SENIOR LOAN ETF | ETF | 78467V608 |  | 1516817 | 37086 | SH |  | SOLE |  | 37086 | 0 | 0 |
| SPDR BLOOMBERG INVESTMENT GRADE FLOATING RATE ETF | ETF | 78468R200 |  | 1476073 | 48571 | SH |  | SOLE |  | 48571 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 4244054 | 25018 | SH |  | SOLE |  | 25018 | 0 | 0 |
| SPDR NUVEEN BLOOMBERG SHORT TERM MUNICIPAL BOND ETF | ETF | 78468R739 |  | 260034 | 5535 | SH |  | SOLE |  | 5535 | 0 | 0 |
| SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 1018052 | 34289 | SH |  | SOLE |  | 34289 | 0 | 0 |
| SPDR PORTFOLIO EMERGING MARKETS ETF | ETF | 78463X509 |  | 626835 | 19018 | SH |  | SOLE |  | 19018 | 0 | 0 |
| SPDR PORTFOLIO S 500 ETF | ETF | 78464A854 |  | 727417 | 16172 | SH |  | SOLE |  | 16172 | 0 | 0 |
| SPDR PORTFOLIO S 500 GROWTH ETF | ETF | 78464A409 |  | 1938255 | 38253 | SH |  | SOLE |  | 38252 | 0 | 0 |
| SPDR S 400 MID CAP GROWTH ETF | ETF | 78464A821 |  | 614696 | 9408 | SH |  | SOLE |  | 9407 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 19070859 | 49868 | SH |  | SOLE |  | 49867 | 0 | 0 |
| SPDR S 600 SMALL CAP GROWTH ETF | ETF | 78464A201 |  | 925465 | 12811 | SH |  | SOLE |  | 12810 | 0 | 0 |
| SPDR S DIVIDEND ETF | ETF | 78464A763 |  | 767451 | 6134 | SH |  | SOLE |  | 6134 | 0 | 0 |
| SPDR S KENSHO CLEAN POWER ETF | ETF | 78468R655 |  | 294402 | 3590 | SH |  | SOLE |  | 3590 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TRUST | ETF | 78467Y107 |  | 265674 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| SPROTT PHYSICAL GOLD  SILVER TR UNIT | CEF | 85208R101 |  | 199113 | 11105 | SH |  | SOLE |  | 11105 | 0 | 0 |
| STANLEY BLACK  DECKER INC COM | Stock | 854502101 |  | 255258 | 3398 | SH |  | SOLE |  | 3398 | 0 | 0 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 1091916 | 11007 | SH |  | SOLE |  | 11007 | 0 | 0 |
| STERIS PLC SHS USD | Stock | G8473T100 |  | 267801 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 12716005 | 52010 | SH |  | SOLE |  | 52010 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 406566 | 5458 | SH |  | SOLE |  | 5458 | 0 | 0 |
| TARGET CORP COM | Stock | 87612E106 |  | 284517 | 1909 | SH |  | SOLE |  | 1909 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | ETF | 81369Y803 |  | 249004 | 2001 | SH |  | SOLE |  | 2001 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 232933 | 1891 | SH |  | SOLE |  | 1891 | 0 | 0 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 371910 | 2251 | SH |  | SOLE |  | 2251 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 28513630 | 51778 | SH |  | SOLE |  | 51778 | 0 | 0 |
| TJX COS INC NEW COM | Stock | 872540109 |  | 7608168 | 95580 | SH |  | SOLE |  | 95580 | 0 | 0 |
| TORONTO DOMINION BK ONT COM NEW | Stock | 891160509 |  | 387006 | 5976 | SH |  | SOLE |  | 5976 | 0 | 0 |
| TRACTOR SUPPLY CO COM | Stock | 892356106 |  | 214337 | 953 | SH |  | SOLE |  | 952 | 0 | 0 |
| TRANSDIGM GROUP INC COM | Stock | 893641100 |  | 418088 | 664 | SH |  | SOLE |  | 664 | 0 | 0 |
| TRIMBLE INC COM | Stock | 896239100 |  | 235508 | 4658 | SH |  | SOLE |  | 4658 | 0 | 0 |
| TRUIST FINL CORP COM | Stock | 89832Q109 |  | 3553006 | 82570 | SH |  | SOLE |  | 82570 | 0 | 0 |
| ULTA BEAUTY INC COM | Stock | 90384S303 |  | 257050 | 548 | SH |  | SOLE |  | 548 | 0 | 0 |
| UNION PAC CORP COM | Stock | 907818108 |  | 8512026 | 41107 | SH |  | SOLE |  | 41107 | 0 | 0 |
| UNITED RENTALS INC COM | Stock | 911363109 |  | 8985728 | 25282 | SH |  | SOLE |  | 25282 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 16984599 | 32036 | SH |  | SOLE |  | 32035 | 0 | 0 |
| US BANCORP DEL COM NEW | Stock | 902973304 |  | 3166900 | 72619 | SH |  | SOLE |  | 72618 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR FUND | ETF | 81369Y886 |  | 516836 | 7331 | SH |  | SOLE |  | 7331 | 0 | 0 |
| VANECK MORNINGSTAR WIDE MOAT ETF | ETF | 92189F643 |  | 919255 | 14162 | SH |  | SOLE |  | 14162 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 1000995 | 6592 | SH |  | SOLE |  | 6592 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | ETF | 922042775 |  | 447232 | 8920 | SH |  | SOLE |  | 8919 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 617170 | 15833 | SH |  | SOLE |  | 15833 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 335435 | 1574 | SH |  | SOLE |  | 1574 | 0 | 0 |
| VANGUARD HIGH DIVIDEND YIELD INDEX ETF | ETF | 921946406 |  | 552628 | 5107 | SH |  | SOLE |  | 5107 | 0 | 0 |
| VANGUARD LARGE-CAP ETF | ETF | 922908637 |  | 1588704 | 9120 | SH |  | SOLE |  | 9120 | 0 | 0 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 249667 | 1225 | SH |  | SOLE |  | 1225 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 627786 | 7611 | SH |  | SOLE |  | 7611 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 4785689 | 13621 | SH |  | SOLE |  | 13621 | 0 | 0 |
| VANGUARD SHORT-TERM BOND ETF | ETF | 921937827 |  | 254070 | 3375 | SH |  | SOLE |  | 3375 | 0 | 0 |
| VANGUARD SHORT-TERM CORPORATE BOND ETF | ETF | 92206C409 |  | 2083694 | 27712 | SH |  | SOLE |  | 27712 | 0 | 0 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 339182 | 1848 | SH |  | SOLE |  | 1848 | 0 | 0 |
| VANGUARD TAX-EXEMPT BOND ETF | ETF | 922907746 |  | 312282 | 6310 | SH |  | SOLE |  | 6310 | 0 | 0 |
| VANGUARD TOTAL INTERNATIONAL STOCK ETF | ETF | 921909768 |  | 305665 | 5910 | SH |  | SOLE |  | 5910 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 2236092 | 11696 | SH |  | SOLE |  | 11695 | 0 | 0 |
| VERIZON | Stock | 92343V104 |  | 473780 | 12025 | SH |  | SOLE |  | 12024 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 19296260 | 92878 | SH |  | SOLE |  | 92877 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 4128144 | 29114 | SH |  | SOLE |  | 29114 | 0 | 0 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 1663242 | 10602 | SH |  | SOLE |  | 10602 | 0 | 0 |
| WELLS FARGO CO NEW COM | Stock | 949746101 |  | 3203650 | 77589 | SH |  | SOLE |  | 77589 | 0 | 0 |
| WOODWARD INC COM | Stock | 980745103 |  | 2929710 | 30325 | SH |  | SOLE |  | 30325 | 0 | 0 |
| YUM BRANDS INC COM | Stock | 988498101 |  | 5063721 | 39536 | SH |  | SOLE |  | 39535 | 0 | 0 |
| YUM CHINA HLDGS INC COM | Stock | 98850P109 |  | 3377942 | 61810 | SH |  | SOLE |  | 61810 | 0 | 0 |
| ZOETIS INC CL A | Stock | 98978V103 |  | 4044427 | 27598 | SH |  | SOLE |  | 27597 | 0 | 0 |

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