# EDGAR Filing Document

**Accession Number:** 0001056549
**File Stem:** 0000935836-25-000509
**Filing Date:** 2025-8
**Character Count:** 21861
**Document Hash:** 35653509a6727693ab95f2d105efe33e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000935836-25-000509.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000935836-25-000509

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001056549

**ORGANIZATION NAME:**
- **EIN:** 943294876
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06786
- **FILM NUMBER:** 251215678

**BUSINESS ADDRESS:**
- **STREET 1:** 300 DRAKE'S LANDING ROAD
- **STREET 2:** SUITE 250
- **CITY:** GREENBRAE
- **STATE:** CA
- **ZIP:** 94904
- **BUSINESS PHONE:** 4154644640

**MAIL ADDRESS:**
- **STREET 1:** 300 DRAKE'S LANDING ROAD
- **STREET 2:** SUITE 250
- **CITY:** GREENBRAE
- **STATE:** CA
- **ZIP:** 94904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAIRVIEW CAPITAL INVESTMENT MANAGEMENT
- **DATE OF NAME CHANGE:** 19990325

### 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:** FAIRVIEW CAPITAL INVESTMENT MANAGEMENT LLC<br>**Address:** 300 Drake's Landing Road<br>Suite 250<br>Greenbrae, CA 94904

**Form 13F File Number:** 028-06786

**CRD Number (if applicable):** 000108102

**SEC File Number (if applicable):** 801-55385

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:** Marcia Nakamura<br>**Title:** Compliance Officer<br>**Phone:** 415-464-4640

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

Marcia Nakamura  Greenbrae, CA  08-07-2025<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:** 166

**Form 13F Information Table Value Total:** $1932546399

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 646727 | 4755 | SH |  | SOLE |  | 4755 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 831577 | 4480 | SH |  | SOLE |  | 4480 | 0 | 0 |
| ADOBE SYSTEMS INC | COM | 00724F101 |  | 40781794 | 105412 | SH |  | SOLE |  | 103152 | 0 | 2260 |
| ALPHABET INC CL A | CAP STK CL A | 02079K305 |  | 3596678 | 20409 | SH |  | SOLE |  | 20409 | 0 | 0 |
| ALPHABET INC CL C | CAP STK CL C | 02079K107 |  | 98861622 | 557312 | SH |  | SOLE |  | 550796 | 0 | 6516 |
| AMAZON.COM | COM | 023135106 |  | 66910439 | 304984 | SH |  | SOLE |  | 301839 | 0 | 3145 |
| AMERICAN TOWER REIT INC | COM | 03027X100 |  | 47072806 | 212979 | SH |  | SOLE |  | 209389 | 0 | 3590 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 8279312 | 497854 | SH |  | SOLE |  | 486029 | 0 | 11825 |
| ANHEUSER BUSCH COS INC | SPONSORED ADR | 03524A108 |  | 12813325 | 186457 | SH |  | SOLE |  | 180862 | 0 | 5595 |
| APOLLO GLOBAL MGMT    LP | COM | 03769M106 |  | 217311 | 1531 | SH |  | SOLE |  | 1531 | 0 | 0 |
| APPLE COMPUTER INC | COM | 037833100 |  | 15924491 | 77616 | SH |  | SOLE |  | 76783 | 0 | 833 |
| AUTO DATA PROCESS INC | COM | 053015103 |  | 773158 | 2507 | SH |  | SOLE |  | 2507 | 0 | 0 |
| BANK OF HAWAII | COM | 062540109 |  | 354532 | 5250 | SH |  | SOLE |  | 5250 | 0 | 0 |
| BANKAMERICA CORP | COM | 060505104 |  | 321444 | 6793 | SH |  | SOLE |  | 6793 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 349323 | 2028 | SH |  | SOLE |  | 2028 | 0 | 0 |
| BERKSHIRE HATHAWAY CL B | CL B NEW | 084670702 |  | 85982261 | 177002 | SH |  | SOLE |  | 174935 | 0 | 2067 |
| Berkshire Hathaway Inc A | CL A | 084670108 |  | 728800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 326316 | 311 | SH |  | SOLE |  | 311 | 0 | 0 |
| BLACKSTONE GROUP LP | COM | 09260D107 |  | 96318055 | 643923 | SH |  | SOLE |  | 638048 | 0 | 5875 |
| BROADCOM LIMITED COM NPV | COM | 11135F101 |  | 1132921 | 4110 | SH |  | SOLE |  | 4110 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 20621573 | 306823 | SH |  | SOLE |  | 298948 | 0 | 7875 |
| CATERPILLAR | COM | 149123101 |  | 1411143 | 3635 | SH |  | SOLE |  | 3635 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 142944769 | 586993 | SH |  | SOLE |  | 581502 | 0 | 5491 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 14805047 | 264140 | SH |  | SOLE |  | 264140 | 0 | 0 |
| CHEVRON CORP | COM | 166764100 |  | 2931815 | 20475 | SH |  | SOLE |  | 20475 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 29578414 | 132716 | SH |  | SOLE |  | 132716 | 0 | 0 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 233255 | 3362 | SH |  | SOLE |  | 3362 | 0 | 0 |
| COMCAST CORP NEW CL A | CL A | 20030N101 |  | 232984 | 6528 | SH |  | SOLE |  | 6528 | 0 | 0 |
| COSTCO WHOLESALE CORP | COM | 22160K105 |  | 1203017 | 1215 | SH |  | SOLE |  | 1215 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 13540430 | 131806 | SH |  | SOLE |  | 129406 | 0 | 2400 |
| EATON CORP PLC | SHS | G29183103 |  | 213123 | 597 | SH |  | SOLE |  | 597 | 0 | 0 |
| EBAY | COM | 278642103 |  | 9175780 | 123231 | SH |  | SOLE |  | 123231 | 0 | 0 |
| ENERGY TRANSFER EQUITY LP | COM UT LTD PTN | 29273V100 |  | 181771 | 10026 | SH |  | SOLE |  | 10026 | 0 | 0 |
| ETF ISHARES GS $INVEST | IBOXX INV CP ETF | 464287242 |  | 4654131 | 42460 | SH |  | SOLE |  | 40935 | 0 | 1525 |
| EVERGY INC | COM | 30034W106 |  | 620370 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| EXPEDIA INC CMN | COM NEW | 30212P303 |  | 25790328 | 152895 | SH |  | SOLE |  | 150515 | 0 | 2380 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1610789 | 14942 | SH |  | SOLE |  | 14942 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN FUND | SHS | 315948109 |  | 653230 | 6950 | SH |  | SOLE |  | 6950 | 0 | 0 |
| FIRST TRUST NASDAQ CYBERSECURITY ETF | NASDAQ CYB ETF | 33734X846 |  | 990098 | 13100 | SH |  | SOLE |  | 13100 | 0 | 0 |
| FIRST TRUST NORTH | NO AMER ENERGY | 33738D101 |  | 8578987 | 228712 | SH |  | SOLE |  | 220537 | 0 | 8175 |
| INTEL CORP | COM | 458140100 |  | 537913 | 24014 | SH |  | SOLE |  | 24014 | 0 | 0 |
| INT'L BUSINESS MACHINES | COM | 459200101 |  | 640851 | 2174 | SH |  | SOLE |  | 2174 | 0 | 0 |
| INVESCO OPTIMUM YIELD ETF | OPTIMUM YIELD | 46090F100 |  | 3461833 | 265478 | SH |  | SOLE |  | 248394 | 0 | 17084 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 260500 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ISHARES 0-5 YEAR TIPS BOND ETF | 0-5 YR TIPS ETF | 46429B747 |  | 3380269 | 32846 | SH |  | SOLE |  | 32846 | 0 | 0 |
| ISHARES BARCLAYS TIPS BOND FUND | TIPS BD ETF | 464287176 |  | 6602303 | 59999 | SH |  | SOLE |  | 59999 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 625872 | 10225 | SH |  | SOLE |  | 10225 | 0 | 0 |
| ISHARES CALIFORNIA MUNI | CALIF MUN BD ETF | 464288356 |  | 1710939 | 30695 | SH |  | SOLE |  | 30695 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | CORE MSCI EAFE | 46432F842 |  | 5091946 | 60996 | SH |  | SOLE |  | 59696 | 0 | 1300 |
| ISHARES CORE S SMALL-CAP ETF | CORE S SCP ETF | 464287804 |  | 354536 | 3244 | SH |  | SOLE |  | 3244 | 0 | 0 |
| ISHARES CORE TOT US STOCK MKT | CORE S TTL STK | 464287150 |  | 4598112 | 34050 | SH |  | SOLE |  | 34050 | 0 | 0 |
| ISHARES CORE US AGGREGATE BOND | CORE US AGGBD ET | 464287226 |  | 28844673 | 290772 | SH |  | SOLE |  | 283772 | 0 | 7000 |
| ISHARES ESG MSCI USA SMALL-CAP ETF | ESG AWARE MSCI | 46435U663 |  | 231448 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| ISHARES GOLD TRUST ETF | ISHARES NEW | 464285204 |  | 9583734 | 153684 | SH |  | SOLE |  | 149239 | 0 | 4445 |
| ISHARES INTL TREAS BOND ETF | INTL TREA BD ETF | 464288117 |  | 2280852 | 52920 | SH |  | SOLE |  | 52920 | 0 | 0 |
| ISHARES JPM EMERG MKTS ETF | JPMORGAN USD EMG | 464288281 |  | 5773467 | 62335 | SH |  | SOLE |  | 62335 | 0 | 0 |
| ISHARES MORNINGSTAR GROWTH ETF | MORNINGSTAR GRWT | 464287119 |  | 881111 | 9093 | SH |  | SOLE |  | 9093 | 0 | 0 |
| ISHARES MSCI EMERGING MKT ETF | CORE MSCI EMKT | 46434G103 |  | 5710894 | 95134 | SH |  | SOLE |  | 93149 | 0 | 1985 |
| ISHARES MSCI USA MIN. VOLATILITY ETF | MSCI USA MIN VOL | 46429B697 |  | 443535 | 4725 | SH |  | SOLE |  | 4725 | 0 | 0 |
| ISHARES NATIONAL AMT-FREE MUNI ETF | NATIONAL MUN ETF | 464288414 |  | 5816924 | 55675 | SH |  | SOLE |  | 55675 | 0 | 0 |
| ISHARES RUSSELL 2000 FUND | RUSSELL 2000 ETF | 464287655 |  | 343753 | 1593 | SH |  | SOLE |  | 1593 | 0 | 0 |
| ISHARES RUSSELL MID CAP ETF | RUS MID CAP ETF | 464287499 |  | 214106 | 2328 | SH |  | SOLE |  | 2328 | 0 | 0 |
| ISHARES S 500 VALUE | S 500 VAL ETF | 464287408 |  | 279220 | 1428 | SH |  | SOLE |  | 1292 | 0 | 136 |
| ISHARES SELECT DIVIDEND | SELECT DIVID ETF | 464287168 |  | 353805 | 2664 | SH |  | SOLE |  | 2664 | 0 | 0 |
| ISHARES SHORT TERM CORP BOND ETF | ISHS 1-5YR INVS | 464288646 |  | 7071974 | 134040 | SH |  | SOLE |  | 133880 | 0 | 160 |
| ISHARES SHORT-TERM NATIONAL MUNI BOND ETF | SHRT NAT MUN ETF | 464288158 |  | 4346647 | 40875 | SH |  | SOLE |  | 40875 | 0 | 0 |
| ISHARES SHRT TRM CALF MUN ACT ETF | ISHARES SHORT-TE | 092528884 |  | 756750 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ISHARES TR ESG US AGR BD | ESG AWR US AGRGT | 46435U549 |  | 322083 | 6775 | SH |  | SOLE |  | 6775 | 0 | 0 |
| ISHARES TR HIGH YIELD CORP | IBOXX HI YD ETF | 464288513 |  | 470537 | 5834 | SH |  | SOLE |  | 5834 | 0 | 0 |
| ISHARES TR MSCI USA ESG SLC | ESG OPTIMIZED | 464288802 |  | 344760 | 2720 | SH |  | SOLE |  | 2720 | 0 | 0 |
| ISHARES TR S 500 GROWTH ETF | S 500 GRWT ETF | 464287309 |  | 267696 | 2431 | SH |  | SOLE |  | 2149 | 0 | 282 |
| ISHARES TR S 500 INDEX | CORE S ETF | 464287200 |  | 511880 | 824 | SH |  | SOLE |  | 824 | 0 | 0 |
| ISHARES TREASURY FLOATING RATE BOND ETF | TRS FLT RT BD | 46434V860 |  | 604001 | 11925 | SH |  | SOLE |  | 11925 | 0 | 0 |
| ISHARES TRUST 0-5 YR INVT GRADE CORP BD | 0-5YR INVT GR CP | 46434V100 |  | 4061162 | 80276 | SH |  | SOLE |  | 80276 | 0 | 0 |
| ISHARES TRUST 0-5YR HIGH YIELD CORP BD I | 0-5YR HI YL CP | 46434V407 |  | 8000614 | 185457 | SH |  | SOLE |  | 181264 | 0 | 4193 |
| ISHARES TRUST ESG 1-5 YEAR USD CORPORATE | ESG AWRE 1 5 YR | 46435G243 |  | 820542 | 32600 | SH |  | SOLE |  | 32600 | 0 | 0 |
| ISHARES TRUST FLOATING RATE BD ETF | FLTG RATE NT ETF | 46429B655 |  | 4843838 | 94940 | SH |  | SOLE |  | 92640 | 0 | 2300 |
| ISHARES ULTRA SHORT TERM | ULTRA SHORT DUR | 46434V878 |  | 5922319 | 116788 | SH |  | SOLE |  | 116788 | 0 | 0 |
| ISHARES US ETF TRUST COMMODITIES SELECT | GSCI CMDTY STGY | 46431W853 |  | 4342980 | 168007 | SH |  | SOLE |  | 167507 | 0 | 500 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 27923163 | 182803 | SH |  | SOLE |  | 182378 | 0 | 425 |
| JP MORGAN ETF TRUST ULTRA SHORT INCOME | ULTRA SHRT ETF | 46641Q837 |  | 35891985 | 708208 | SH |  | SOLE |  | 694888 | 0 | 13320 |
| JPMORGAN ULTRA-SHORT MUNICIPAL INC ETF | ULTRA SHT MUNCPL | 46641Q654 |  | 4184351 | 82175 | SH |  | SOLE |  | 82175 | 0 | 0 |
| KKR  CO L P DEL COM UNITS | COM | 48251W104 |  | 266265 | 2001 | SH |  | SOLE |  | 2001 | 0 | 0 |
| LABCORP HOLDINGS | COM SHS | 504922105 |  | 61657698 | 234877 | SH |  | SOLE |  | 230732 | 0 | 4145 |
| LAMAR ADVERTISING CO-CL A | CL A | 512816109 |  | 4221507 | 34785 | SH |  | SOLE |  | 34785 | 0 | 0 |
| LIBERTY MEDIA - FORMULA ONE CL C | COM LBTY ONE S C | 531229755 |  | 78046974 | 746861 | SH |  | SOLE |  | 738911 | 0 | 7950 |
| LILLY ELI  CO. | COM | 532457108 |  | 254126 | 326 | SH |  | SOLE |  | 326 | 0 | 0 |
| LINEAGE INC | COM | 53566V106 |  | 26407065 | 606780 | SH |  | SOLE |  | 597020 | 0 | 9760 |
| LPL FINANCIAL HOLDINGS INC | COM | 50212V100 |  | 166908856 | 445125 | SH |  | SOLE |  | 441405 | 0 | 3720 |
| MASTERCARD INC | CL A | 57636Q104 |  | 5664917 | 10081 | SH |  | SOLE |  | 10081 | 0 | 0 |
| MATSON INC COM | COM | 57686G105 |  | 285056 | 2560 | SH |  | SOLE |  | 2560 | 0 | 0 |
| MBIA INC | COM | 55262C100 |  | 177072 | 40800 | SH |  | SOLE |  | 40800 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 216977 | 2741 | SH |  | SOLE |  | 2741 | 0 | 0 |
| META PLATFORMS INC CLASS A COMMON STOCK | CL A | 30303M102 |  | 464996 | 630 | SH |  | SOLE |  | 630 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 81802875 | 164457 | SH |  | SOLE |  | 162504 | 0 | 1953 |
| MORGAN J P  CO INC | COM | 46625H100 |  | 1685536 | 5814 | SH |  | SOLE |  | 5814 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 247739 | 185 | SH |  | SOLE |  | 185 | 0 | 0 |
| NORTHERN TRUST CORP | COM | 665859104 |  | 2588798 | 20418 | SH |  | SOLE |  | 20418 | 0 | 0 |
| NOVO-NORDISK ADR | ADR | 670100205 |  | 1109151 | 16070 | SH |  | SOLE |  | 16070 | 0 | 0 |
| NUSHARES ETF TR ESG HI TLD CRP | ESG HI TLD CRP | 67092P854 |  | 280593 | 12925 | SH |  | SOLE |  | 12925 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 966645 | 6118 | SH |  | SOLE |  | 6118 | 0 | 0 |
| ONEOK INC NEW COM | COM | 682680103 |  | 5157383 | 63180 | SH |  | SOLE |  | 63180 | 0 | 0 |
| PALO ALTO NETWORKS | COM | 697435105 |  | 217736 | 1064 | SH |  | SOLE |  | 1064 | 0 | 0 |
| PROCTER  GAMBLE | COM | 742718109 |  | 3617041 | 22703 | SH |  | SOLE |  | 22703 | 0 | 0 |
| SALESFORCE COM INC | COM | 79466L302 |  | 46806147 | 171646 | SH |  | SOLE |  | 168066 | 0 | 3580 |
| SBA COMMUNICATIONS CORP CL A | CL A | 78410G104 |  | 6345611 | 27021 | SH |  | SOLE |  | 26571 | 0 | 450 |
| SCHWAB INTL EQUITY ETF | INTL EQTY ETF | 808524805 |  | 1173907 | 53118 | SH |  | SOLE |  | 53118 | 0 | 0 |
| SCHWAB US AGGREGATE BOND | US AGGREGATE B | 808524839 |  | 255640 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| SCHWAB US BROAD MARKET ETF | US BRD MKT ETF | 808524102 |  | 357664 | 15009 | SH |  | SOLE |  | 15009 | 0 | 0 |
| SCHWAB US DIVIDEND | US DIVIDEND EQ | 808524797 |  | 1340900 | 50600 | SH |  | SOLE |  | 48500 | 0 | 2100 |
| SCHWAB US REIT ETF | US REIT ETF | 808524847 |  | 2259147 | 106765 | SH |  | SOLE |  | 104940 | 0 | 1825 |
| SCHWAB US TIPS ETF | US TIPS ETF | 808524870 |  | 1297315 | 48625 | SH |  | SOLE |  | 43450 | 0 | 5175 |
| SELECT SECTOR INDUSTRIAL | INDL | 81369Y704 |  | 248866 | 1687 | SH |  | SOLE |  | 1687 | 0 | 0 |
| SELECT SECTOR SPDR TR TECHNOLOGY | TECHNOLOGY | 81369Y803 |  | 308940 | 1220 | SH |  | SOLE |  | 1220 | 0 | 0 |
| SHIFT4 PAYMENTS INC. | CL A | 82452J109 |  | 48312358 | 487462 | SH |  | SOLE |  | 479662 | 0 | 7800 |
| SPDR BARCLAYS INT'L TB ETF | BLOOMBERG INTL T | 78464A516 |  | 877149 | 37341 | SH |  | SOLE |  | 37341 | 0 | 0 |
| SPDR BLMBRG BRCLY INV GR | BLOOMBERG INVT | 78468R200 |  | 1181559 | 38325 | SH |  | SOLE |  | 38325 | 0 | 0 |
| SPDR DOW JONES INT'L REAL ESTATE ETF | DJ INTL RL ETF | 78463X863 |  | 516764 | 18860 | SH |  | SOLE |  | 18860 | 0 | 0 |
| SPDR GOLD TRUST SHS | GOLD SHS | 78463V107 |  | 7382068 | 24217 | SH |  | SOLE |  | 24217 | 0 | 0 |
| SPDR PORTFOLIO SHORT TERM CORP BOND ETF | PORTFOLIO SHORT | 78464A474 |  | 9101349 | 301469 | SH |  | SOLE |  | 297769 | 0 | 3700 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2187601 | 3540 | SH |  | SOLE |  | 3355 | 0 | 185 |
| SPDR SER TR BLOOMBERG SRT TR | BLOOMBERG SHT TE | 78468R408 |  | 3837772 | 150619 | SH |  | SOLE |  | 150619 | 0 | 0 |
| SPDR SERIES BARCLAYS HIGH YLD BOND FUND | BLOOMBERG HIGH Y | 78468R622 |  | 202710 | 2084 | SH |  | SOLE |  | 2084 | 0 | 0 |
| SPDR SER TR | PORTFOLIO CRPORT | 78464A144 |  | 229377 | 7850 | SH |  | SOLE |  | 7850 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 237378 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 9080771 | 119894 | SH |  | SOLE |  | 119894 | 0 | 0 |
| T ROWE PRICE GROUP | COM | 74144T108 |  | 220116 | 2281 | SH |  | SOLE |  | 2281 | 0 | 0 |
| TELEFLEX INC | COM | 879369106 |  | 1538088 | 12995 | SH |  | SOLE |  | 12995 | 0 | 0 |
| TESLA MOTORS INC | COM | 88160R101 |  | 236339 | 744 | SH |  | SOLE |  | 744 | 0 | 0 |
| THE BANK OF NEW YORK MELLON CORP | COM | 064058100 |  | 292189 | 3207 | SH |  | SOLE |  | 3207 | 0 | 0 |
| TKO GROUP HOLDINGS INC. | CL A | 87256C101 |  | 91266576 | 501602 | SH |  | SOLE |  | 494362 | 0 | 7240 |
| TRANSCANADA CORP COM | COM | 87807B107 |  | 204918 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 465681 | 2024 | SH |  | SOLE |  | 2024 | 0 | 0 |
| UNITED HEALTHCARE CORP | COM | 91324P102 |  | 226490 | 726 | SH |  | SOLE |  | 726 | 0 | 0 |
| UNITED PARCEL SERVICE | CL B | 911312106 |  | 5627758 | 55753 | SH |  | SOLE |  | 55703 | 0 | 50 |
| VANECK VECTORS ETF TR GREEN BD ETF | GREEN BOND ETF | 92189F171 |  | 315120 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| VANGUARD DIV APPRECIATION ETF | DIV APP ETF | 921908844 |  | 777160 | 3797 | SH |  | SOLE |  | 3797 | 0 | 0 |
| VANGUARD EMERGING MKT | EM MK GOV BD ETF | 921946885 |  | 10912927 | 166992 | SH |  | SOLE |  | 164082 | 0 | 2910 |
| VANGUARD GLOBAL EX-US REAL ESTATE ETF | GLB EX US ETF | 922042676 |  | 7093531 | 153706 | SH |  | SOLE |  | 147751 | 0 | 5955 |
| VANGUARD GROWTH ETF | GROWTH ETF | 922908736 |  | 511174 | 1166 | SH |  | SOLE |  | 1166 | 0 | 0 |
| VANGUARD INDEX FDS VANGUARD VALUE ETF FO | VALUE ETF | 922908744 |  | 401553 | 2272 | SH |  | SOLE |  | 2272 | 0 | 0 |
| VANGUARD INFORMATION | INF TECH ETF | 92204A702 |  | 983644 | 1483 | SH |  | SOLE |  | 1483 | 0 | 0 |
| VANGUARD INTERMEDIATE | INT-TERM CORP | 92206C870 |  | 1508646 | 18194 | SH |  | SOLE |  | 18194 | 0 | 0 |
| VANGUARD INTL DIV APPRECIATION  ETF | INTL DVD ETF | 921946810 |  | 1000308 | 11099 | SH |  | SOLE |  | 10299 | 0 | 800 |
| VANGUARD INTMDT-TERM TRS ETF | INTER TERM TREAS | 92206C706 |  | 548816 | 9176 | SH |  | SOLE |  | 9176 | 0 | 0 |
| VANGUARD MID-CAP ETF | MID CAP ETF | 922908629 |  | 1412861 | 5049 | SH |  | SOLE |  | 5049 | 0 | 0 |
| VANGUARD MSCI EAFE ETF | VAN FTSE DEV MKT | 921943858 |  | 26551795 | 465739 | SH |  | SOLE |  | 450829 | 0 | 14910 |
| VANGUARD MSCI EMERGING MKT ETF | FTSE EMR MKT ETF | 922042858 |  | 12834554 | 259493 | SH |  | SOLE |  | 252563 | 0 | 6930 |
| VANGUARD MUNI BND TAX | TAX EXEMPT BD | 922907746 |  | 2157320 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| VANGUARD REAL ESTATE INDEX FUND ETF | REAL ESTATE ETF | 922908553 |  | 6567147 | 73738 | SH |  | SOLE |  | 71311 | 0 | 2427 |
| VANGUARD S 500 ETF | S 500 ETF SHS | 922908363 |  | 1155468 | 2034 | SH |  | SOLE |  | 2034 | 0 | 0 |
| VANGUARD SHORT TERM CORP BOND ETF | SHRT TRM CORP BD | 92206C409 |  | 13806049 | 173661 | SH |  | SOLE |  | 170636 | 0 | 3025 |
| VANGUARD SHORT TERM INFL-PROT SECS ETF | STRM INFPROIDX | 922020805 |  | 5115440 | 101759 | SH |  | SOLE |  | 100259 | 0 | 1500 |
| VANGUARD SMALL CAP | SMALL CP ETF | 922908751 |  | 1239168 | 5229 | SH |  | SOLE |  | 5229 | 0 | 0 |
| VANGUARD TOTAL BOND MKT EFT | TOTAL BND MRKT | 921937835 |  | 8842963 | 120100 | SH |  | SOLE |  | 120100 | 0 | 0 |
| VANGUARD TOTAL STOCK VIPERS | TOTAL STK MKT | 922908769 |  | 13232316 | 43537 | SH |  | SOLE |  | 40267 | 0 | 3270 |
| VANGUARD WORLD FD ESG INTL STK ETF | ESG INTL STK ETF | 921910725 |  | 298025 | 4550 | SH |  | SOLE |  | 4550 | 0 | 0 |
| VANGUARD WORLD FD ESG US STK ETF | ESG US STK ETF | 921910733 |  | 257654 | 2350 | SH |  | SOLE |  | 2350 | 0 | 0 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 64322340 | 2533373 | SH |  | SOLE |  | 2487963 | 0 | 45410 |
| VISA INC CLASS A | COM CL A | 92826C839 |  | 800637 | 2255 | SH |  | SOLE |  | 2255 | 0 | 0 |
| WABTEC CORP | COM | 929740108 |  | 209350 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 58488989 | 598169 | SH |  | SOLE |  | 598169 | 0 | 0 |
| WARNER MUSIC GROUP CORP CL A | COM CL A | 934550203 |  | 41363262 | 1518475 | SH |  | SOLE |  | 1482985 | 0 | 35490 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 589282 | 7355 | SH |  | SOLE |  | 7355 | 0 | 0 |
| WISDOMTREE TR US QUALITY DIVID GROWTH FD | US QTLY DIV GRT | 97717X669 |  | 466075 | 5565 | SH |  | SOLE |  | 5565 | 0 | 0 |
| XTRACKERS INTERNATIONAL REAL ESTATE ETF | XTRACK INTL REAL | 233051846 |  | 2014847 | 88100 | SH |  | SOLE |  | 88100 | 0 | 0 |

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