# EDGAR Filing Document

**Accession Number:** 0001387304
**File Stem:** 0001387304-23-000004
**Filing Date:** 2023-2
**Character Count:** 11191
**Document Hash:** 7f32f38c6c8f4d5e6ece5c6206a0e5ac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387304-23-000004.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001387304-23-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Richard C. Young & CO., LTD.
- **CENTRAL INDEX KEY:** 0001387304
- **IRS NUMBER:** 050449421
- **STATE OF INCORPORATION:** RI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12215
- **FILM NUMBER:** 23609141

**BUSINESS ADDRESS:**
- **STREET 1:** 98 WILLIAM STREET
- **CITY:** NEWPORT
- **STATE:** RI
- **ZIP:** 02840
- **BUSINESS PHONE:** (401) 849 - 2137

**MAIL ADDRESS:**
- **STREET 1:** 98 WILLIAM STREET
- **CITY:** NEWPORT
- **STATE:** RI
- **ZIP:** 02840

### 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:** Richard C. Young  CO. LTD.<br>**Address:** 98 WILLIAM STREET<br>NEWPORT, RI 02840

**Form 13F File Number:** 028-12215

**CRD Number (if applicable):** 000105866

**SEC File Number (if applicable):** 801-35765

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:** Christopher J. Stack<br>**Title:** Senior Vice President<br>**Phone:** 4018492137

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

Christopher J. Stack  Newport, RI  02-10-2023<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:** 76

**Form 13F Information Table Value Total:** $751269297

      (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 |
| Medtronic PLC | SHS | G5960L103 |  | 6082293 | 78259 | SH |  | SOLE |  | 0 | 0 | 78259 |
| AT Inc | COM | 00206R102 |  | 8018524 | 435553 | SH |  | SOLE |  | 0 | 0 | 435553 |
| Aberdeen STD Silver ETF TR | PHYSCL SILVR SHS | 003264108 |  | 1887370 | 82131 | SH |  | SOLE |  | 0 | 0 | 82131 |
| Air Products  Chems Inc | COM | 009158106 |  | 14088596 | 45704 | SH |  | SOLE |  | 0 | 0 | 45704 |
| Analog Devices Inc | COM | 032654105 |  | 10924151 | 66599 | SH |  | SOLE |  | 0 | 0 | 66599 |
| Automatic Data Processing In | COM | 053015103 |  | 17583109 | 73613 | SH |  | SOLE |  | 0 | 0 | 73613 |
| Avista Corp | COM | 05379B107 |  | 7199945 | 162380 | SH |  | SOLE |  | 0 | 0 | 162380 |
| Becton Dickinson  Co | COM | 075887109 |  | 345512 | 1359 | SH |  | SOLE |  | 0 | 0 | 1359 |
| CVS Health Corp | COM | 126650100 |  | 22276790 | 239047 | SH |  | SOLE |  | 0 | 0 | 239047 |
| Caterpillar Inc Del | COM | 149123101 |  | 12827795 | 53547 | SH |  | SOLE |  | 0 | 0 | 53547 |
| Chevron Corp New | COM | 166764100 |  | 16057894 | 89464 | SH |  | SOLE |  | 0 | 0 | 89464 |
| Cisco SYS Inc | COM | 17275R102 |  | 12390398 | 260084 | SH |  | SOLE |  | 0 | 0 | 260084 |
| Colgate Palmolive Co | COM | 194162103 |  | 7229119 | 91752 | SH |  | SOLE |  | 0 | 0 | 91752 |
| Conagra Brands Inc | COM | 205887102 |  | 7534486 | 194690 | SH |  | SOLE |  | 0 | 0 | 194690 |
| Cummins Inc | COM | 231021106 |  | 7695641 | 31762 | SH |  | SOLE |  | 0 | 0 | 31762 |
| Emerson Elec Co | COM | 291011104 |  | 9299266 | 96807 | SH |  | SOLE |  | 0 | 0 | 96807 |
| Exxon Mobil Corp | COM | 30231G102 |  | 18858171 | 170972 | SH |  | SOLE |  | 0 | 0 | 170972 |
| Fedex Corp | COM | 31428X106 |  | 971158 | 5607 | SH |  | SOLE |  | 0 | 0 | 5607 |
| Fortis Inc | COM | 349553107 |  | 11356352 | 283625 | SH |  | SOLE |  | 0 | 0 | 283625 |
| General Dynamics Corp | COM | 369550108 |  | 6136411 | 24733 | SH |  | SOLE |  | 0 | 0 | 24733 |
| Hershey Co | COM | 427866108 |  | 13334766 | 57584 | SH |  | SOLE |  | 0 | 0 | 57584 |
| Home Depot Inc | COM | 437076102 |  | 8137127 | 25762 | SH |  | SOLE |  | 0 | 0 | 25762 |
| Huntington Bancshares Inc | COM | 446150104 |  | 7180834 | 509279 | SH |  | SOLE |  | 0 | 0 | 509279 |
| Illinois Tool WKS Inc | COM | 452308109 |  | 12402813 | 56300 | SH |  | SOLE |  | 0 | 0 | 56300 |
| Intel Corp | COM | 458140100 |  | 2977620 | 112661 | SH |  | SOLE |  | 0 | 0 | 112661 |
| International Business Machs | COM | 459200101 |  | 10740900 | 76236 | SH |  | SOLE |  | 0 | 0 | 76236 |
| iShares Silver Trust | iShares | 46428Q109 |  | 16381752 | 743949 | SH |  | SOLE |  | 0 | 0 | 743949 |
| iShares TR | US Telecom ETF | 464287713 |  | 15315271 | 682803 | SH |  | SOLE |  | 0 | 0 | 682803 |
| iShares TR | Core Div Grwth | 46434V621 |  | 10672004 | 213440 | SH |  | SOLE |  | 0 | 0 | 213440 |
| Johnson  Johnson | COM | 478160104 |  | 20073248 | 113633 | SH |  | SOLE |  | 0 | 0 | 113633 |
| Kimberly Clark Corp | COM | 494368103 |  | 14770828 | 108809 | SH |  | SOLE |  | 0 | 0 | 108809 |
| Kinder Morgan Inc Del | COM | 49456B101 |  | 11554646 | 639084 | SH |  | SOLE |  | 0 | 0 | 639084 |
| Kroger Co | COM | 501044101 |  | 7263568 | 162933 | SH |  | SOLE |  | 0 | 0 | 162933 |
| Lowes Cos Inc | COM | 548661107 |  | 14700301 | 73782 | SH |  | SOLE |  | 0 | 0 | 73782 |
| McDonalds Corp | COM | 580135101 |  | 10799921 | 40982 | SH |  | SOLE |  | 0 | 0 | 40982 |
| Merck  Co Inc | COM | 58933Y105 |  | 21804844 | 196529 | SH |  | SOLE |  | 0 | 0 | 196529 |
| Norfolk Southern Corp | COM | 655844108 |  | 18413184 | 74723 | SH |  | SOLE |  | 0 | 0 | 74723 |
| Northwest Nat Hdlg Co | COM | 66765N105 |  | 2038085 | 42826 | SH |  | SOLE |  | 0 | 0 | 42826 |
| Novartis AG | Sponsored ADR | 66987V109 |  | 12770270 | 140766 | SH |  | SOLE |  | 0 | 0 | 140766 |
| Oracle Corp | COM | 68389X105 |  | 5694487 | 69666 | SH |  | SOLE |  | 0 | 0 | 69666 |
| PNC Finl Svcs Group Inc | COM | 693475105 |  | 21118959 | 133715 | SH |  | SOLE |  | 0 | 0 | 133715 |
| Pepsico Inc | COM | 713448108 |  | 213701 | 1183 | SH |  | SOLE |  | 0 | 0 | 1183 |
| Pfizer Inc | COM | 717081103 |  | 19656127 | 383609 | SH |  | SOLE |  | 0 | 0 | 383609 |
| Phillips 66 | COM | 718546104 |  | 10460800 | 100507 | SH |  | SOLE |  | 0 | 0 | 100507 |
| Price T Rowe Group Inc | COM | 74144T108 |  | 6452592 | 59166 | SH |  | SOLE |  | 0 | 0 | 59166 |
| Procter  Gamble Co | COM | 742718109 |  | 17524618 | 115628 | SH |  | SOLE |  | 0 | 0 | 115628 |
| Reynolds Consumer Prods Inc | COM | 76171L106 |  | 6769866 | 225813 | SH |  | SOLE |  | 0 | 0 | 225813 |
| Rockwell Automation Inc | COM | 773903109 |  | 5171374 | 20078 | SH |  | SOLE |  | 0 | 0 | 20078 |
| SPDR Gold Trust | Gold SHS | 78463V107 |  | 25343435 | 149395 | SH |  | SOLE |  | 0 | 0 | 149395 |
| Sanofi | Sponsored ADR | 80105N105 |  | 7725311 | 159515 | SH |  | SOLE |  | 0 | 0 | 159515 |
| Select Sector SPDR TR | Financial | 81369Y605 |  | 5539196 | 161965 | SH |  | SOLE |  | 0 | 0 | 161965 |
| Select Sector SPDR TR | SBI INT-UTILS | 81369Y886 |  | 4080993 | 57886 | SH |  | SOLE |  | 0 | 0 | 57886 |
| Smucker J M Co | COM NEW | 832696405 |  | 4304617 | 27165 | SH |  | SOLE |  | 0 | 0 | 27165 |
| Southern Co | COM | 842587107 |  | 14741538 | 206435 | SH |  | SOLE |  | 0 | 0 | 206435 |
| Texas Instrs Inc | COM | 882508104 |  | 18911546 | 114463 | SH |  | SOLE |  | 0 | 0 | 114463 |
| US Bancorp DEL | COM NEW | 902973304 |  | 4574436 | 104894 | SH |  | SOLE |  | 0 | 0 | 104894 |
| Unilever PLC ADR | Spon ADR New | 904767704 |  | 11446787 | 227344 | SH |  | SOLE |  | 0 | 0 | 227344 |
| Union Pac Corp | COM | 907818108 |  | 7283783 | 35175 | SH |  | SOLE |  | 0 | 0 | 35175 |
| United Parcel Service Inc | CL B | 911312106 |  | 14496464 | 83390 | SH |  | SOLE |  | 0 | 0 | 83390 |
| Valero Energy Corp | COM | 91913Y100 |  | 12015049 | 94711 | SH |  | SOLE |  | 0 | 0 | 94711 |
| Vanguard Group | DIV APP ETF | 921908844 |  | 798926 | 5261 | SH |  | SOLE |  | 0 | 0 | 5261 |
| Vanguard Whitehall FDS INC | HIGH DIV YLD | 921946406 |  | 2876371 | 26581 | SH |  | SOLE |  | 0 | 0 | 26581 |
| Vanguard World FDS | Consum STP ETF | 92204A207 |  | 262382 | 1370 | SH |  | SOLE |  | 0 | 0 | 1370 |
| Vanguard World FDS | Health Car ETF | 92204A504 |  | 418470 | 1687 | SH |  | SOLE |  | 0 | 0 | 1687 |
| Vanguard INTL Equity Index F | ALLWRLD EX US | 922042775 |  | 742956 | 14818 | SH |  | SOLE |  | 0 | 0 | 14818 |
| Vanguard Scottsdale FDS | INT-TERM CORP | 92206C870 |  | 348795 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| Vanguard Index FDS | TOTAL STK MKT | 922908769 |  | 338328 | 1770 | SH |  | SOLE |  | 0 | 0 | 1770 |
| Verizon Communications Inc | COM | 92343V104 |  | 6001441 | 152321 | SH |  | SOLE |  | 0 | 0 | 152321 |
| Visa Inc | Com CL A | 92826C839 |  | 17863587 | 85982 | SH |  | SOLE |  | 0 | 0 | 85982 |
| WEC Energy Group Inc | COM | 92939U106 |  | 4811253 | 51315 | SH |  | SOLE |  | 0 | 0 | 51315 |
| Walgreens Boots Alliance Inc | COM | 931427108 |  | 2691034 | 72030 | SH |  | SOLE |  | 0 | 0 | 72030 |
| Wal-Mart Stores Inc | COM | 931142103 |  | 9152345 | 64549 | SH |  | SOLE |  | 0 | 0 | 64549 |
| Washington TR Bancorp | COM | 940610108 |  | 5208079 | 110387 | SH |  | SOLE |  | 0 | 0 | 110387 |
| Wells Fargo  Co | Perp PFD CNV A | 949746804 |  | 5260215 | 4439 | SH |  | SOLE |  | 0 | 0 | 4439 |
| Williams Cos Inc | COM | 969457100 |  | 9446352 | 287123 | SH |  | SOLE |  | 0 | 0 | 287123 |
| World Gold TR | SPRD GLD Minis | 98149E204 |  | 31428121 | 868420 | SH |  | SOLE |  | 0 | 0 | 868420 |

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