# EDGAR Filing Document

**Accession Number:** 0001109228
**File Stem:** 0001941040-25-000435
**Filing Date:** 2025-8
**Character Count:** 40691
**Document Hash:** 8269e59bd5abfeddfd669c7114bcd94d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001941040-25-000435.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001941040-25-000435

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**EFFECTIVENESS DATE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KCM INVESTMENT ADVISORS LLC
- **CENTRAL INDEX KEY:** 0001109228

**ORGANIZATION NAME:**
- **EIN:** 901252063
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05651
- **FILM NUMBER:** 251189921

**BUSINESS ADDRESS:**
- **STREET 1:** 300 DRAKES LANDING ROAD
- **STREET 2:** SUITE 210
- **CITY:** GREENBRAE
- **STATE:** CA
- **ZIP:** 94904
- **BUSINESS PHONE:** 415-461-7788

**MAIL ADDRESS:**
- **STREET 1:** 300 DRAKES LANDING ROAD
- **STREET 2:** SUITE 210
- **CITY:** GREENBRAE
- **STATE:** CA
- **ZIP:** 94904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KCM INVESTMENT ADVISORS/CA
- **DATE OF NAME CHANGE:** 20000413

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** KCM INVESTMENT ADVISORS LLC<br>**Address:** 300 DRAKES LANDING ROAD<br>SUITE 210<br>GREENBRAE, CA 94904

**Form 13F File Number:** 028-05651

**CRD Number (if applicable):** 000109629

**SEC File Number (if applicable):** 801-55395

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:** Loni Tankoos<br>**Title:** Chief Compliance Officer<br>**Phone:** 415-461-7788

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

Loni Tankoos  Greenbrae, CA  08-06-2025<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 378

**Form 13F Information Table Value Total:** $2980841666

      (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 |  | 2828033 | 18576 | SH |  | SOLE |  | 18576 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 19986089 | 146946 | SH |  | SOLE |  | 146946 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 14186448 | 76427 | SH |  | SOLE |  | 76427 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 7439671 | 24891 | SH |  | SOLE |  | 24891 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 3337614 | 8627 | SH |  | SOLE |  | 8627 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 317147 | 2235 | SH |  | SOLE |  | 2235 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 563509 | 5343 | SH |  | SOLE |  | 5343 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 627987 | 5321 | SH |  | SOLE |  | 5321 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 12333893 | 43728 | SH |  | SOLE |  | 43728 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 460123 | 7342 | SH |  | SOLE |  | 7342 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2699928 | 13412 | SH |  | SOLE |  | 13412 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 48559295 | 275545 | SH |  | SOLE |  | 275545 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 26257095 | 148019 | SH |  | SOLE |  | 148019 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 780675 | 13315 | SH |  | SOLE |  | 13315 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 72888598 | 332233 | SH |  | SOLE |  | 332233 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 662681 | 6387 | SH |  | SOLE |  | 6387 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 3565586 | 11178 | SH |  | SOLE |  | 11178 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 414610 | 1876 | SH |  | SOLE |  | 1876 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 226193 | 1626 | SH |  | SOLE |  | 1626 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 268466 | 503 | SH |  | SOLE |  | 503 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 25082763 | 89835 | SH |  | SOLE |  | 89835 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 249443 | 2526 | SH |  | SOLE |  | 2526 | 0 | 0 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 417858 | 4838 | SH |  | SOLE |  | 4838 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 214770 | 602 | SH |  | SOLE |  | 602 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 180916102 | 881786 | SH |  | SOLE |  | 881786 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 8376626 | 45756 | SH |  | SOLE |  | 45756 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 319255 | 6049 | SH |  | SOLE |  | 6049 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 764545 | 4727 | SH |  | SOLE |  | 4727 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 316626 | 4531 | SH |  | SOLE |  | 4531 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 1287965 | 44505 | SH |  | SOLE |  | 44505 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 852978 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 53610492 | 173834 | SH |  | SOLE |  | 173834 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 4269065 | 1150 | SH |  | SOLE |  | 1150 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 2946377 | 2429 | SH |  | SOLE |  | 2429 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 17254985 | 364645 | SH |  | SOLE |  | 364645 | 0 | 0 |
| BANK MARIN BANCORP | COM | 063425102 |  | 211042 | 9240 | SH |  | SOLE |  | 9240 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 287201 | 3152 | SH |  | SOLE |  | 3152 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 374094 | 17968 | SH |  | SOLE |  | 17968 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 252346 | 1465 | SH |  | SOLE |  | 1465 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 13782752 | 28373 | SH |  | SOLE |  | 28373 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 354038 | 2819 | SH |  | SOLE |  | 2819 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 2345481 | 2235 | SH |  | SOLE |  | 2235 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 32122785 | 214753 | SH |  | SOLE |  | 214753 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1725060 | 8233 | SH |  | SOLE |  | 8233 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2513116 | 434 | SH |  | SOLE |  | 434 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1066581 | 9930 | SH |  | SOLE |  | 9930 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 966687 | 20883 | SH |  | SOLE |  | 20883 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 18299861 | 66388 | SH |  | SOLE |  | 66388 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 2833233 | 24280 | SH |  | SOLE |  | 24280 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1411943 | 4582 | SH |  | SOLE |  | 4582 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 213802 | 2055 | SH |  | SOLE |  | 2055 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 522539 | 2456 | SH |  | SOLE |  | 2456 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 2750478 | 16372 | SH |  | SOLE |  | 16372 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 22387944 | 59957 | SH |  | SOLE |  | 59957 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 710309 | 9705 | SH |  | SOLE |  | 9705 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 19969908 | 51441 | SH |  | SOLE |  | 51441 | 0 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 88919 | 12831 | SH |  | SOLE |  | 12831 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 271695 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 45199675 | 315662 | SH |  | SOLE |  | 315662 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 4884349 | 16859 | SH |  | SOLE |  | 16859 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 6834754 | 30667 | SH |  | SOLE |  | 30667 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 6646703 | 95801 | SH |  | SOLE |  | 95801 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 680505 | 7995 | SH |  | SOLE |  | 7995 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 4744446 | 39514 | SH |  | SOLE |  | 39514 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 212503 | 771 | SH |  | SOLE |  | 771 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3667597 | 51839 | SH |  | SOLE |  | 51839 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 202583 | 578 | SH |  | SOLE |  | 578 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 5346296 | 58815 | SH |  | SOLE |  | 58815 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 800027 | 22416 | SH |  | SOLE |  | 22416 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 722987 | 8056 | SH |  | SOLE |  | 8056 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 317773 | 3167 | SH |  | SOLE |  | 3167 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 675447 | 4152 | SH |  | SOLE |  | 4152 | 0 | 0 |
| CORCEPT THERAPEUTICS INC | COM | 218352102 |  | 3497877 | 47655 | SH |  | SOLE |  | 47655 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 2460887 | 46794 | SH |  | SOLE |  | 46794 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 218688 | 2720 | SH |  | SOLE |  | 2720 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 114795961 | 115963 | SH |  | SOLE |  | 115963 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 225426 | 8882 | SH |  | SOLE |  | 8882 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 278083 | 546 | SH |  | SOLE |  | 546 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 3177336 | 30929 | SH |  | SOLE |  | 30929 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 216141 | 6624 | SH |  | SOLE |  | 6624 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 655921 | 2003 | SH |  | SOLE |  | 2003 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 2215086 | 4534 | SH |  | SOLE |  | 4534 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 936128 | 13571 | SH |  | SOLE |  | 13571 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 14182868 | 71797 | SH |  | SOLE |  | 71797 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 1336584 | 9950 | SH |  | SOLE |  | 9950 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 7358768 | 14472 | SH |  | SOLE |  | 14472 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 378213 | 1912 | SH |  | SOLE |  | 1912 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 550534 | 3158 | SH |  | SOLE |  | 3158 | 0 | 0 |
| DIREXION SHS ETF TR | NAS100 EQL WGT | 25459Y207 |  | 217242 | 2210 | SH |  | SOLE |  | 2210 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 4157412 | 33525 | SH |  | SOLE |  | 33525 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 287671 | 1570 | SH |  | SOLE |  | 1570 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1045741 | 8862 | SH |  | SOLE |  | 8862 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 6435315 | 18027 | SH |  | SOLE |  | 18027 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 19612854 | 72791 | SH |  | SOLE |  | 72791 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 203447 | 3943 | SH |  | SOLE |  | 3943 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 242529 | 3101 | SH |  | SOLE |  | 3101 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 2081228 | 5351 | SH |  | SOLE |  | 5351 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 17053874 | 21877 | SH |  | SOLE |  | 21877 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 1643941 | 12330 | SH |  | SOLE |  | 12330 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 342257 | 7552 | SH |  | SOLE |  | 7552 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 857549 | 47300 | SH |  | SOLE |  | 47300 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 251738 | 6349 | SH |  | SOLE |  | 6349 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 761025 | 24541 | SH |  | SOLE |  | 24541 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 253109 | 4340 | SH |  | SOLE |  | 4340 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 352833 | 1245 | SH |  | SOLE |  | 1245 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 279129 | 8850 | SH |  | SOLE |  | 8850 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 225401 | 3270 | SH |  | SOLE |  | 3270 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 380766 | 5985 | SH |  | SOLE |  | 5985 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3523705 | 32687 | SH |  | SOLE |  | 32687 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 412356 | 9818 | SH |  | SOLE |  | 9818 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 270816 | 2851 | SH |  | SOLE |  | 2851 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1551019 | 6823 | SH |  | SOLE |  | 6823 | 0 | 0 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 |  | 798357 | 9967 | SH |  | SOLE |  | 9967 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI COMMNTN SVC | 316092873 |  | 473243 | 7302 | SH |  | SOLE |  | 7302 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI CONSM DIS | 316092204 |  | 4762952 | 50632 | SH |  | SOLE |  | 50632 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 285696 | 3859 | SH |  | SOLE |  | 3859 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 589491 | 2989 | SH |  | SOLE |  | 2989 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI ENERGY IDX | 316092402 |  | 4063712 | 173293 | SH |  | SOLE |  | 173293 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 377928 | 2283 | SH |  | SOLE |  | 2283 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED ALP | MID CP GR ALPH | 33737M102 |  | 3210296 | 38941 | SH |  | SOLE |  | 38941 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 350337 | 2032 | SH |  | SOLE |  | 2032 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 202710 | 18683 | SH |  | SOLE |  | 18683 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 4092527 | 38711 | SH |  | SOLE |  | 38711 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 2456645 | 56670 | SH |  | SOLE |  | 56670 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 346690 | 1083 | SH |  | SOLE |  | 1083 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1362788 | 5295 | SH |  | SOLE |  | 5295 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 759859 | 1436 | SH |  | SOLE |  | 1436 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 5796767 | 19875 | SH |  | SOLE |  | 19875 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 350402 | 6763 | SH |  | SOLE |  | 6763 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 6827327 | 56280 | SH |  | SOLE |  | 56280 | 0 | 0 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 42562 | 14576 | SH |  | SOLE |  | 14576 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1226220 | 11060 | SH |  | SOLE |  | 11060 | 0 | 0 |
| GLOBAL X FDS | S 500 COVERED | 37954Y475 |  | 215455 | 5533 | SH |  | SOLE |  | 5533 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 473989 | 3905 | SH |  | SOLE |  | 3905 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 4993266 | 7055 | SH |  | SOLE |  | 7055 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 245770 | 1481 | SH |  | SOLE |  | 1481 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 50709253 | 138308 | SH |  | SOLE |  | 138308 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 3426905 | 14715 | SH |  | SOLE |  | 14715 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 453335 | 1110 | SH |  | SOLE |  | 1110 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 204195 | 6070 | SH |  | SOLE |  | 6070 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2186679 | 8844 | SH |  | SOLE |  | 8844 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 258773 | 3111 | SH |  | SOLE |  | 3111 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 500550 | 22346 | SH |  | SOLE |  | 22346 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2920137 | 9906 | SH |  | SOLE |  | 9906 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 643210 | 817 | SH |  | SOLE |  | 817 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 897170 | 1651 | SH |  | SOLE |  | 1651 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 290989 | 3996 | SH |  | SOLE |  | 3996 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 3035390 | 272722 | SH |  | SOLE |  | 272722 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1141509 | 6281 | SH |  | SOLE |  | 6281 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 362043 | 8565 | SH |  | SOLE |  | 8565 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 3244535 | 62275 | SH |  | SOLE |  | 62275 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | INVESCO MSCI | 46137V407 |  | 346378 | 8154 | SH |  | SOLE |  | 8154 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | WATER RES ETF | 46137V142 |  | 259249 | 3708 | SH |  | SOLE |  | 3708 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 32656589 | 59199 | SH |  | SOLE |  | 59199 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 2187488 | 21327 | SH |  | SOLE |  | 21327 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 1082881 | 17365 | SH |  | SOLE |  | 17365 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 2477651 | 39949 | SH |  | SOLE |  | 39949 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 2531600 | 39593 | SH |  | SOLE |  | 39593 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 609510 | 7884 | SH |  | SOLE |  | 7884 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 300800 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 1471472 | 12162 | SH |  | SOLE |  | 12162 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 206152 | 3650 | SH |  | SOLE |  | 3650 | 0 | 0 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 303832 | 2135 | SH |  | SOLE |  | 2135 | 0 | 0 |
| ISHARES TR | US REGNL BKS ETF | 464288778 |  | 2752729 | 55555 | SH |  | SOLE |  | 55555 | 0 | 0 |
| ISHARES TR | US TRSPRTION | 464287192 |  | 284075 | 4145 | SH |  | SOLE |  | 4145 | 0 | 0 |
| ISHARES TR | EUROPE ETF | 464287861 |  | 244461 | 3865 | SH |  | SOLE |  | 3865 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 1323198 | 12084 | SH |  | SOLE |  | 12084 | 0 | 0 |
| ISHARES TR | GLB CNSM STP ETF | 464288737 |  | 258120 | 3948 | SH |  | SOLE |  | 3948 | 0 | 0 |
| ISHARES TR | GLOB HLTHCRE ETF | 464287325 |  | 398511 | 4629 | SH |  | SOLE |  | 4629 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 439721 | 4023 | SH |  | SOLE |  | 4023 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1434533 | 11155 | SH |  | SOLE |  | 11155 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 354431 | 3965 | SH |  | SOLE |  | 3965 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 1905978 | 15066 | SH |  | SOLE |  | 15066 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 283487 | 3020 | SH |  | SOLE |  | 3020 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1706442 | 9334 | SH |  | SOLE |  | 9334 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 473934 | 7566 | SH |  | SOLE |  | 7566 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1733178 | 4082 | SH |  | SOLE |  | 4082 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 343645 | 1012 | SH |  | SOLE |  | 1012 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1003855 | 4652 | SH |  | SOLE |  | 4652 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 1796042 | 5117 | SH |  | SOLE |  | 5117 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 2009195 | 6602 | SH |  | SOLE |  | 6602 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 7603920 | 12247 | SH |  | SOLE |  | 12247 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 390840 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 |  | 1084784 | 10062 | SH |  | SOLE |  | 10062 | 0 | 0 |
| ISHARES TR | GLOBAL FINLS ETF | 464287333 |  | 617932 | 5576 | SH |  | SOLE |  | 5576 | 0 | 0 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 401494 | 4348 | SH |  | SOLE |  | 4348 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 322979 | 3550 | SH |  | SOLE |  | 3550 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 747059 | 24350 | SH |  | SOLE |  | 24350 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 7014011 | 52812 | SH |  | SOLE |  | 52812 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 8910679 | 37330 | SH |  | SOLE |  | 37330 | 0 | 0 |
| ISHARES TR | US HLTHCR PR ETF | 464288828 |  | 336428 | 6915 | SH |  | SOLE |  | 6915 | 0 | 0 |
| ISHARES U S ETF TR | U.S. TECH INDEPD | 46431W648 |  | 905784 | 9636 | SH |  | SOLE |  | 9636 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 987339 | 4527 | SH |  | SOLE |  | 4527 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 1181867 | 8991 | SH |  | SOLE |  | 8991 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 29539674 | 193386 | SH |  | SOLE |  | 193386 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 2378140 | 22516 | SH |  | SOLE |  | 22516 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 58111254 | 200446 | SH |  | SOLE |  | 200446 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 384743 | 2348 | SH |  | SOLE |  | 2348 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 11219243 | 87025 | SH |  | SOLE |  | 87025 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 567533 | 19304 | SH |  | SOLE |  | 19304 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 651847 | 4900 | SH |  | SOLE |  | 4900 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 14035573 | 15669 | SH |  | SOLE |  | 15669 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 1753835 | 24451 | SH |  | SOLE |  | 24451 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 6240648 | 24879 | SH |  | SOLE |  | 24879 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 8392182 | 31969 | SH |  | SOLE |  | 31969 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1088312 | 11181 | SH |  | SOLE |  | 11181 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 1181204 | 10679 | SH |  | SOLE |  | 10679 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 6778243 | 14447 | SH |  | SOLE |  | 14447 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1768532 | 3819 | SH |  | SOLE |  | 3819 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 8744315 | 39412 | SH |  | SOLE |  | 39412 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 2033685 | 8560 | SH |  | SOLE |  | 8560 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1328714 | 7999 | SH |  | SOLE |  | 7999 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1789944 | 6552 | SH |  | SOLE |  | 6552 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 599835 | 9320 | SH |  | SOLE |  | 9320 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 423073 | 2515 | SH |  | SOLE |  | 2515 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1694675 | 3016 | SH |  | SOLE |  | 3016 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 2366797 | 31216 | SH |  | SOLE |  | 31216 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 22303408 | 76337 | SH |  | SOLE |  | 76337 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1051539 | 1435 | SH |  | SOLE |  | 1435 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1359067 | 15591 | SH |  | SOLE |  | 15591 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 4476738 | 56553 | SH |  | SOLE |  | 56553 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4947494 | 6703 | SH |  | SOLE |  | 6703 | 0 | 0 |
| MFS MULTIMARKET INCOME TR | SH BEN INT | 552737108 |  | 47000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 253649 | 2058 | SH |  | SOLE |  | 2058 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 148940584 | 299432 | SH |  | SOLE |  | 299432 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 1121750 | 3567 | SH |  | SOLE |  | 3567 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 277853 | 4120 | SH |  | SOLE |  | 4120 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 334241 | 457 | SH |  | SOLE |  | 457 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2895088 | 20553 | SH |  | SOLE |  | 20553 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 828589 | 24905 | SH |  | SOLE |  | 24905 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1293600 | 966 | SH |  | SOLE |  | 966 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 795424 | 13653 | SH |  | SOLE |  | 13653 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 24182529 | 348351 | SH |  | SOLE |  | 348351 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 09/01/2025 | 65339F713 |  | 1334588 | 33583 | SH |  | SOLE |  | 33583 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 6720781 | 94606 | SH |  | SOLE |  | 94606 | 0 | 0 |
| NORDIC AMERICAN TANKERS LIMI | COM | G65773106 |  | 67531 | 25677 | SH |  | SOLE |  | 25677 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 381121 | 1489 | SH |  | SOLE |  | 1489 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 1240231 | 10249 | SH |  | SOLE |  | 10249 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 1239512 | 9569 | SH |  | SOLE |  | 9569 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 59137749 | 374313 | SH |  | SOLE |  | 374313 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 217906 | 5187 | SH |  | SOLE |  | 5187 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 1345710 | 18706 | SH |  | SOLE |  | 18706 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 317258 | 3887 | SH |  | SOLE |  | 3887 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 4725236 | 21613 | SH |  | SOLE |  | 21613 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2527245 | 28040 | SH |  | SOLE |  | 28040 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 418489 | 2045 | SH |  | SOLE |  | 2045 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1871201 | 2679 | SH |  | SOLE |  | 2679 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 389842 | 2680 | SH |  | SOLE |  | 2680 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1975454 | 14961 | SH |  | SOLE |  | 14961 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2900231 | 119646 | SH |  | SOLE |  | 119646 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 871821 | 4787 | SH |  | SOLE |  | 4787 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 544212 | 4562 | SH |  | SOLE |  | 4562 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 349914 | 1877 | SH |  | SOLE |  | 1877 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 2658327 | 78440 | SH |  | SOLE |  | 78440 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 30792069 | 193272 | SH |  | SOLE |  | 193272 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 463536 | 1737 | SH |  | SOLE |  | 1737 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 2103299 | 20009 | SH |  | SOLE |  | 20009 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 395824 | 1349 | SH |  | SOLE |  | 1349 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 5328417 | 63298 | SH |  | SOLE |  | 63298 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 6199271 | 38925 | SH |  | SOLE |  | 38925 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 11568713 | 200811 | SH |  | SOLE |  | 200811 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 3210015 | 5663 | SH |  | SOLE |  | 5663 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 4201592 | 32933 | SH |  | SOLE |  | 32933 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 209033 | 1589 | SH |  | SOLE |  | 1589 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 2251013 | 15416 | SH |  | SOLE |  | 15416 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 6412901 | 12162 | SH |  | SOLE |  | 12162 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 3700414 | 13570 | SH |  | SOLE |  | 13570 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 222905 | 733 | SH |  | SOLE |  | 733 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 8556116 | 93776 | SH |  | SOLE |  | 93776 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 5550298 | 232912 | SH |  | SOLE |  | 232912 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1371064 | 56099 | SH |  | SOLE |  | 56099 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 305438 | 10661 | SH |  | SOLE |  | 10661 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 1117881 | 38270 | SH |  | SOLE |  | 38270 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 1037120 | 42262 | SH |  | SOLE |  | 42262 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 238027 | 8602 | SH |  | SOLE |  | 8602 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 521385 | 23592 | SH |  | SOLE |  | 23592 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 5030322 | 189823 | SH |  | SOLE |  | 189823 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 308754 | 7715 | SH |  | SOLE |  | 7715 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1780028 | 63459 | SH |  | SOLE |  | 63459 | 0 | 0 |
| SCHWAB STRATEGIC TR | 1000 INDEX ETF | 808524722 |  | 289612 | 9712 | SH |  | SOLE |  | 9712 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 33079314 | 408538 | SH |  | SOLE |  | 408538 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 29968359 | 353359 | SH |  | SOLE |  | 353359 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 54582895 | 251152 | SH |  | SOLE |  | 251152 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 46900360 | 895558 | SH |  | SOLE |  | 895558 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 4770740 | 115180 | SH |  | SOLE |  | 115180 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 10631469 | 130192 | SH |  | SOLE |  | 130192 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 176061006 | 695261 | SH |  | SOLE |  | 695261 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 9765565 | 111212 | SH |  | SOLE |  | 111212 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 38463863 | 260737 | SH |  | SOLE |  | 260737 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 48774036 | 361852 | SH |  | SOLE |  | 361852 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 77868368 | 717482 | SH |  | SOLE |  | 717482 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 439934 | 5806 | SH |  | SOLE |  | 5806 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 926300 | 901 | SH |  | SOLE |  | 901 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 327289 | 4648 | SH |  | SOLE |  | 4648 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1591565 | 4635 | SH |  | SOLE |  | 4635 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 238659 | 2069 | SH |  | SOLE |  | 2069 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 3074069 | 33476 | SH |  | SOLE |  | 33476 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 7387029 | 73016 | SH |  | SOLE |  | 73016 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 1464280 | 3323 | SH |  | SOLE |  | 3323 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1915552 | 6284 | SH |  | SOLE |  | 6284 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 26972214 | 43655 | SH |  | SOLE |  | 43655 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 7946183 | 14027 | SH |  | SOLE |  | 14027 | 0 | 0 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 521651 | 2473 | SH |  | SOLE |  | 2473 | 0 | 0 |
| SPDR SERIES TRUST | NYSE TECH ETF | 78464A102 |  | 1174594 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 233700 | 3935 | SH |  | SOLE |  | 3935 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 3047873 | 40698 | SH |  | SOLE |  | 40698 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 12725847 | 93759 | SH |  | SOLE |  | 93759 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 569914 | 8412 | SH |  | SOLE |  | 8412 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 11224296 | 122496 | SH |  | SOLE |  | 122496 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 761651 | 1925 | SH |  | SOLE |  | 1925 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 347074 | 677 | SH |  | SOLE |  | 677 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 838776 | 11074 | SH |  | SOLE |  | 11074 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 4520838 | 18974 | SH |  | SOLE |  | 18974 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 2337377 | 10320 | SH |  | SOLE |  | 10320 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 781604 | 7923 | SH |  | SOLE |  | 7923 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 794060 | 4708 | SH |  | SOLE |  | 4708 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 4676908 | 14723 | SH |  | SOLE |  | 14723 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 783241 | 3772 | SH |  | SOLE |  | 3772 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 694879 | 2102 | SH |  | SOLE |  | 2102 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2471279 | 6095 | SH |  | SOLE |  | 6095 | 0 | 0 |
| TIDAL TR II | ROUNDHILL GENER | 88636J600 |  | 229607 | 4707 | SH |  | SOLE |  | 4707 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 644834 | 5222 | SH |  | SOLE |  | 5222 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 265301 | 3612 | SH |  | SOLE |  | 3612 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 242061 | 3943 | SH |  | SOLE |  | 3943 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 42807658 | 97866 | SH |  | SOLE |  | 97866 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 4890530 | 18280 | SH |  | SOLE |  | 18280 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 244353 | 2619 | SH |  | SOLE |  | 2619 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 1713922 | 28019 | SH |  | SOLE |  | 28019 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 3057532 | 13289 | SH |  | SOLE |  | 13289 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 5712489 | 56593 | SH |  | SOLE |  | 56593 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2964680 | 9503 | SH |  | SOLE |  | 9503 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 908846 | 20085 | SH |  | SOLE |  | 20085 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 610267 | 4540 | SH |  | SOLE |  | 4540 | 0 | 0 |
| VANECK ETF TRUST | PHARMACEUTCL ETF | 92189F692 |  | 254468 | 2893 | SH |  | SOLE |  | 2893 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 3336520 | 11964 | SH |  | SOLE |  | 11964 | 0 | 0 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 493083 | 4435 | SH |  | SOLE |  | 4435 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3821079 | 13655 | SH |  | SOLE |  | 13655 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 67003686 | 220458 | SH |  | SOLE |  | 220458 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 576162 | 2019 | SH |  | SOLE |  | 2019 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1366681 | 5767 | SH |  | SOLE |  | 5767 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1275609 | 2246 | SH |  | SOLE |  | 2246 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 5160144 | 11770 | SH |  | SOLE |  | 11770 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 8636084 | 96969 | SH |  | SOLE |  | 96969 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 697081 | 5187 | SH |  | SOLE |  | 5187 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 350300 | 4520 | SH |  | SOLE |  | 4520 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 3826769 | 18697 | SH |  | SOLE |  | 18697 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3116833 | 54672 | SH |  | SOLE |  | 54672 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1792484 | 13446 | SH |  | SOLE |  | 13446 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 31002013 | 85565 | SH |  | SOLE |  | 85565 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 13349129 | 60955 | SH |  | SOLE |  | 60955 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 6419734 | 53893 | SH |  | SOLE |  | 53893 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 43773399 | 343860 | SH |  | SOLE |  | 343860 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 26186859 | 105448 | SH |  | SOLE |  | 105448 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 45995611 | 268933 | SH |  | SOLE |  | 268933 | 0 | 0 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 24211514 | 86448 | SH |  | SOLE |  | 86448 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 54672214 | 82427 | SH |  | SOLE |  | 82427 | 0 | 0 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 7448642 | 38231 | SH |  | SOLE |  | 38231 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 222998 | 609 | SH |  | SOLE |  | 609 | 0 | 0 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 6483575 | 36732 | SH |  | SOLE |  | 36732 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1119843 | 3595 | SH |  | SOLE |  | 3595 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 12159346 | 281011 | SH |  | SOLE |  | 281011 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 10931800 | 85132 | SH |  | SOLE |  | 85132 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 54713692 | 154101 | SH |  | SOLE |  | 154101 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 55666670 | 569305 | SH |  | SOLE |  | 569305 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 43715385 | 191047 | SH |  | SOLE |  | 191047 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 2048266 | 19657 | SH |  | SOLE |  | 19657 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 13663733 | 11637 | SH |  | SOLE |  | 11637 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3233680 | 40360 | SH |  | SOLE |  | 40360 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 223677 | 1455 | SH |  | SOLE |  | 1455 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 515093 | 5736 | SH |  | SOLE |  | 5736 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1659240 | 26417 | SH |  | SOLE |  | 26417 | 0 | 0 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 384421 | 7670 | SH |  | SOLE |  | 7670 | 0 | 0 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 |  | 1398577 | 17027 | SH |  | SOLE |  | 17027 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 330000 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 504553 | 7409 | SH |  | SOLE |  | 7409 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 746666 | 5772 | SH |  | SOLE |  | 5772 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 2910822 | 31913 | SH |  | SOLE |  | 31913 | 0 | 0 |
| ZYNEX INC | COM | 98986M103 |  | 44557 | 17270 | SH |  | SOLE |  | 17270 | 0 | 0 |

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