# EDGAR Filing Document

**Accession Number:** 0001226886
**File Stem:** 0001226886-23-000001
**Filing Date:** 2023-2
**Character Count:** 20947
**Document Hash:** 5b822c6947734726184bfd09a34ca1a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001226886-23-000001.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001226886-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPINE WOODS CAPITAL INVESTORS, LLC
- **CENTRAL INDEX KEY:** 0001226886
- **IRS NUMBER:** 133982412
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10578
- **FILM NUMBER:** 23597673

**BUSINESS ADDRESS:**
- **STREET 1:** 2500 WESTCHESTER AVE
- **STREET 2:** SUITE 300
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 914-251-0880

**MAIL ADDRESS:**
- **STREET 1:** 2500 WESTCHESTER AVE
- **STREET 2:** SUITE 300
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALPINE MANAGEMENT & RESEARCH LLC
- **DATE OF NAME CHANGE:** 20030410

### 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:** ALPINE WOODS CAPITAL INVESTORS LLC<br>**Address:** 2500 WESTCHESTER AVE<br>SUITE 300<br>PURCHASE, NY 10577

**Form 13F File Number:** 028-10578

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:** Susan Norris<br>**Title:** Chief Compliance Officer<br>**Phone:** 914-251-0880

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

Susan Norris  Purchase, NY  02-08-2023<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:** 1

**Form 13F Information Table Entry Total:** 178

**Form 13F Information Table Value Total:** $686648000

      (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.]

| No.   | Name                     | Form 13F File Number   |
|:---|:---|:---|
|  | SAXON WOODS ADVISORS LLC | 028-06661              |

### 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 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 469 | 1 | SH |  | SOLE | 1 | 0 | 0 | 1 |
| LILLY ELI  CO | COM | 532457108 |  | 271 | 740 | SH |  | SOLE | 1 | 0 | 0 | 740 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 216 | 850 | SH |  | SOLE | 1 | 0 | 0 | 850 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 319 | 1000 | SH |  | SOLE | 1 | 0 | 0 | 1000 |
| DANAHER CORPORATION | COM | 235851102 |  | 268 | 1008 | SH |  | SOLE | 1 | 0 | 0 | 1008 |
| ALEXANDERS INC | COM | 014752109 |  | 259 | 1179 | SH |  | SOLE | 1 | 0 | 0 | 1179 |
| HUMANA INC | COM | 444859102 |  | 680 | 1328 | SH |  | SOLE | 1 | 0 | 0 | 1328 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 325 | 1490 | SH |  | SOLE | 1 | 0 | 0 | 1490 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 520 | 1500 | SH |  | SOLE | 1 | 1500 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 384 | 1500 | SH |  | SOLE | 1 | 0 | 0 | 1500 |
| CARLISLE COS INC | COM | 142339100 |  | 370 | 1570 | SH |  | SOLE | 1 | 0 | 0 | 1570 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 341 | 1600 | SH |  | SOLE | 1 | 0 | 0 | 1600 |
| FEDEX CORP | COM | 31428X106 |  | 279 | 1609 | SH |  | SOLE | 1 | 0 | 0 | 1609 |
| AVERY DENNISON CORP | COM | 053611109 |  | 299 | 1650 | SH |  | SOLE | 1 | 0 | 0 | 1650 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 259 | 1780 | SH |  | SOLE | 1 | 0 | 0 | 1780 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 245 | 1900 | SH |  | SOLE | 1 | 0 | 0 | 1900 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 272 | 2000 | SH |  | SOLE | 1 | 0 | 0 | 2000 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 393 | 2085 | SH |  | SOLE | 1 | 0 | 0 | 2085 |
| CINTAS CORP | COM | 172908105 |  | 967 | 2142 | SH |  | SOLE | 1 | 1000 | 0 | 1142 |
| INVESCO EXCH TRADED FD TR II | S SMLCP HELT | 46138E149 |  | 330 | 2500 | SH |  | SOLE | 1 | 0 | 0 | 2500 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 332 | 2500 | SH |  | SOLE | 1 | 0 | 0 | 2500 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 248 | 2605 | SH |  | SOLE | 1 | 0 | 0 | 2605 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 309 | 2800 | SH |  | SOLE | 1 | 0 | 0 | 2800 |
| VANECK ETF TRUST | AGRIBUSINESS ETF | 92189F700 |  | 258 | 3000 | SH |  | SOLE | 1 | 0 | 0 | 3000 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 675 | 3000 | SH |  | SOLE | 1 | 3000 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 389 | 3000 | SH |  | SOLE | 1 | 3000 | 0 | 0 |
| ISHARES TR | US BR DEL SE ETF | 464288794 |  | 288 | 3000 | SH |  | SOLE | 1 | 0 | 0 | 3000 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 346 | 3200 | SH |  | SOLE | 1 | 0 | 0 | 3200 |
| TARGA RES CORP | COM | 87612G101 |  | 235 | 3200 | SH |  | SOLE | 1 | 3200 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 202 | 3500 | SH |  | SOLE | 1 | 0 | 0 | 3500 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1944 | 3666 | SH |  | SOLE | 1 | 1600 | 0 | 2066 |
| LAM RESEARCH CORP | COM | 512807108 |  | 1663 | 3956 | SH |  | SOLE | 1 | 1500 | 0 | 2456 |
| INTRA-CELLULAR THERAPIES INC | COM | 46116X101 |  | 212 | 4000 | SH |  | SOLE | 1 | 0 | 0 | 4000 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1013 | 4268 | SH |  | SOLE | 1 | 4268 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 301 | 4750 | SH |  | SOLE | 1 | 0 | 0 | 4750 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 415 | 5000 | SH |  | SOLE | 1 | 0 | 0 | 5000 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1462 | 5063 | SH |  | SOLE | 1 | 3000 | 0 | 2063 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 774 | 5295 | SH |  | SOLE | 1 | 0 | 0 | 5295 |
| M  T BK CORP | COM | 55261F104 |  | 801 | 5520 | SH |  | SOLE | 1 | 0 | 0 | 5520 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 507 | 5819 | SH |  | SOLE | 1 | 0 | 0 | 5819 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 362 | 6000 | SH |  | SOLE | 1 | 0 | 0 | 6000 |
| VICOR CORP | COM | 925815102 |  | 323 | 6000 | SH |  | SOLE | 1 | 6000 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 234 | 6000 | SH |  | SOLE | 1 | 0 | 0 | 6000 |
| SPDR SER TR | S REGL BKG | 78464A698 |  | 377 | 6410 | SH |  | SOLE | 1 | 0 | 0 | 6410 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 4661 | 6460 | SH |  | SOLE | 1 | 5600 | 0 | 860 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 2633 | 6584 | SH |  | SOLE | 1 | 6584 | 0 | 0 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 1121 | 6766 | SH |  | SOLE | 1 | 6766 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 505 | 6780 | SH |  | SOLE | 1 | 0 | 0 | 6780 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 802 | 6800 | SH |  | SOLE | 1 | 6800 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 886 | 6865 | SH |  | SOLE | 1 | 6865 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 735 | 6983 | SH |  | SOLE | 1 | 2800 | 0 | 4183 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 346 | 7000 | SH |  | SOLE | 1 | 0 | 0 | 7000 |
| SVB FINANCIAL GROUP | COM | 78486Q101 |  | 1749 | 7600 | SH |  | SOLE | 1 | 7600 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 660 | 7600 | SH |  | SOLE | 1 | 7600 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 828 | 7897 | SH |  | SOLE | 1 | 0 | 0 | 7897 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 421 | 8042 | SH |  | SOLE | 1 | 0 | 0 | 8042 |
| GENERAL MLS INC | COM | 370334104 |  | 688 | 8200 | SH |  | SOLE | 1 | 8200 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 449 | 8400 | SH |  | SOLE | 1 | 8400 | 0 | 0 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 2239 | 8970 | SH |  | SOLE | 1 | 7000 | 0 | 1970 |
| UNITED STS OIL FD LP | UNITS | 91232N207 |  | 631 | 9000 | SH |  | SOLE | 1 | 9000 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 359 | 9120 | SH |  | SOLE | 1 | 0 | 0 | 9120 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1310 | 9387 | SH |  | SOLE | 1 | 7400 | 0 | 1987 |
| GRAINGER W W INC | COM | 384802104 |  | 5451 | 9800 | SH |  | SOLE | 1 | 9800 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1538 | 9803 | SH |  | SOLE | 1 | 6200 | 0 | 3603 |
| ROYAL GOLD INC | COM | 780287108 |  | 1140 | 10115 | SH |  | SOLE | 1 | 10115 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 682 | 10200 | SH |  | SOLE | 1 | 10200 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 110 | 10810 | SH |  | SOLE | 1 | 0 | 0 | 10810 |
| DEERE  CO | COM | 244199105 |  | 4716 | 11000 | SH |  | SOLE | 1 | 11000 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 1674 | 11422 | SH |  | SOLE | 1 | 8000 | 0 | 3422 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1951 | 11500 | SH |  | SOLE | 1 | 0 | 0 | 11500 |
| POOL CORP | COM | 73278L105 |  | 3552 | 11750 | SH |  | SOLE | 1 | 11750 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 832 | 12838 | SH |  | SOLE | 1 | 7500 | 0 | 5338 |
| D R HORTON INC | COM | 23331A109 |  | 1214 | 13621 | SH |  | SOLE | 1 | 0 | 0 | 13621 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 7733 | 14173 | SH |  | SOLE | 1 | 10560 | 0 | 3613 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 8165 | 14827 | SH |  | SOLE | 1 | 11400 | 0 | 3427 |
| ANSYS INC | COM | 03662Q105 |  | 3600 | 14900 | SH |  | SOLE | 1 | 14000 | 0 | 900 |
| VULCAN MATLS CO | COM | 929160109 |  | 2627 | 15000 | SH |  | SOLE | 1 | 15000 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 203 | 15058 | SH |  | SOLE | 1 | 0 | 0 | 15058 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1860 | 15836 | SH |  | SOLE | 1 | 0 | 0 | 15836 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 2419 | 16130 | SH |  | SOLE | 1 | 16130 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 8343 | 16264 | SH |  | SOLE | 1 | 15000 | 0 | 1264 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 1025 | 16435 | SH |  | SOLE | 1 | 10000 | 0 | 6435 |
| PFIZER INC | COM | 717081103 |  | 848 | 16555 | SH |  | SOLE | 1 | 0 | 0 | 16555 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 2470 | 17015 | SH |  | SOLE | 1 | 17015 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 4028 | 17106 | SH |  | SOLE | 1 | 13000 | 0 | 4106 |
| ILLUMINA INC | COM | 452327109 |  | 3636 | 17980 | SH |  | SOLE | 1 | 17980 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1853 | 18066 | SH |  | SOLE | 1 | 9400 | 0 | 8666 |
| UNITED RENTALS INC | COM | 911363109 |  | 6549 | 18425 | SH |  | SOLE | 1 | 18425 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 2624 | 18743 | SH |  | SOLE | 1 | 9100 | 0 | 9643 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2395 | 19250 | SH |  | SOLE | 1 | 15000 | 0 | 4250 |
| ABBOTT LABS | COM | 002824100 |  | 2164 | 19709 | SH |  | SOLE | 1 | 8000 | 0 | 11709 |
| ORACLE CORP | COM | 68389X105 |  | 1659 | 20294 | SH |  | SOLE | 1 | 10800 | 0 | 9494 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 5279 | 20588 | SH |  | SOLE | 1 | 19000 | 0 | 1588 |
| FUNKO INC | COM CL A | 361008105 |  | 229 | 21000 | SH |  | SOLE | 1 | 21000 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2089 | 21449 | SH |  | SOLE | 1 | 16400 | 0 | 5049 |
| BROADCOM INC | COM | 11135F101 |  | 12168 | 21762 | SH |  | SOLE | 1 | 10000 | 0 | 11762 |
| HEICO CORP NEW | COM | 422806109 |  | 3409 | 22188 | SH |  | SOLE | 1 | 18800 | 0 | 3388 |
| RELIANCE STEEL  ALUMINUM CO | COM | 759509102 |  | 4560 | 22526 | SH |  | SOLE | 1 | 0 | 0 | 22526 |
| TOAST INC | CL A | 888787108 |  | 418 | 23200 | SH |  | SOLE | 1 | 23200 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2088 | 24863 | SH |  | SOLE | 1 | 7500 | 0 | 17363 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 2500 | 24929 | SH |  | SOLE | 1 | 0 | 0 | 24929 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 6625 | 25706 | SH |  | SOLE | 1 | 17100 | 0 | 8606 |
| TESLA INC | COM | 88160R101 |  | 3171 | 25740 | SH |  | SOLE | 1 | 25740 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 3115 | 25943 | SH |  | SOLE | 1 | 20000 | 0 | 5943 |
| WINNEBAGO INDS INC | COM | 974637100 |  | 1379 | 26167 | SH |  | SOLE | 1 | 17000 | 0 | 9167 |
| CUMMINS INC | COM | 231021106 |  | 6468 | 26697 | SH |  | SOLE | 1 | 3500 | 0 | 23197 |
| WESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 960417103 |  | 637 | 27090 | SH |  | SOLE | 1 | 0 | 0 | 27090 |
| PEPSICO INC | COM | 713448108 |  | 4896 | 27101 | SH |  | SOLE | 1 | 0 | 0 | 27101 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 3024 | 28300 | SH |  | SOLE | 1 | 28300 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 2703 | 29734 | SH |  | SOLE | 1 | 13600 | 0 | 16134 |
| SNAP ON INC | COM | 833034101 |  | 6996 | 30619 | SH |  | SOLE | 1 | 23000 | 0 | 7619 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2628 | 31431 | SH |  | SOLE | 1 | 0 | 0 | 31431 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 5141 | 32445 | SH |  | SOLE | 1 | 0 | 0 | 32445 |
| TARGET CORP | COM | 87612E106 |  | 4921 | 33017 | SH |  | SOLE | 1 | 7300 | 0 | 25717 |
| CME GROUP INC | COM | 12572Q105 |  | 5707 | 33938 | SH |  | SOLE | 1 | 30000 | 0 | 3938 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1193 | 34127 | SH |  | SOLE | 1 | 0 | 0 | 34127 |
| KRAFT HEINZ CO | COM | 500754106 |  | 1404 | 34493 | SH |  | SOLE | 1 | 17600 | 0 | 16893 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 3995 | 34759 | SH |  | SOLE | 1 | 25000 | 0 | 9759 |
| AMGEN INC | COM | 031162100 |  | 9172 | 34923 | SH |  | SOLE | 1 | 16400 | 0 | 18523 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 2672 | 35809 | SH |  | SOLE | 1 | 33000 | 0 | 2809 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 9548 | 35983 | SH |  | SOLE | 1 | 28200 | 0 | 7783 |
| HOME DEPOT INC | COM | 437076102 |  | 12431 | 39356 | SH |  | SOLE | 1 | 19000 | 0 | 20356 |
| GARMIN LTD | SHS | H2906T109 |  | 3706 | 40158 | SH |  | SOLE | 1 | 5200 | 0 | 34958 |
| CHART INDS INC | COM | 16115Q308 |  | 4883 | 42377 | SH |  | SOLE | 1 | 38000 | 0 | 4377 |
| PULTE GROUP INC | COM | 745867101 |  | 1942 | 42664 | SH |  | SOLE | 1 | 42664 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 4138 | 43074 | SH |  | SOLE | 1 | 0 | 0 | 43074 |
| UNION PAC CORP | COM | 907818108 |  | 8946 | 43203 | SH |  | SOLE | 1 | 25700 | 0 | 17503 |
| APTIV PLC | SHS | G6095L109 |  | 4029 | 43258 | SH |  | SOLE | 1 | 32000 | 0 | 11258 |
| TEXAS INSTRS INC | COM | 882508104 |  | 7268 | 43990 | SH |  | SOLE | 1 | 8800 | 0 | 35190 |
| TJX COS INC NEW | COM | 872540109 |  | 3698 | 46463 | SH |  | SOLE | 1 | 21900 | 0 | 24563 |
| MICROSOFT CORP | COM | 594918104 |  | 11356 | 47352 | SH |  | SOLE | 1 | 37200 | 0 | 10152 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 12278 | 49859 | SH |  | SOLE | 1 | 35650 | 0 | 14209 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1989 | 50489 | SH |  | SOLE | 1 | 0 | 0 | 50489 |
| TYSON FOODS INC | CL A | 902494103 |  | 3175 | 51000 | SH |  | SOLE | 1 | 51000 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 10879 | 52250 | SH |  | SOLE | 1 | 37050 | 0 | 15200 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 2160 | 52359 | SH |  | SOLE | 1 | 33000 | 0 | 19359 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 9129 | 54313 | SH |  | SOLE | 1 | 10200 | 0 | 44113 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 4624 | 54855 | SH |  | SOLE | 1 | 40000 | 0 | 14855 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 1387 | 57110 | SH |  | SOLE | 1 | 34000 | 0 | 23110 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2656 | 58718 | SH |  | SOLE | 1 | 0 | 0 | 58718 |
| AEROJET ROCKETDYNE HLDGS INC | COM | 007800105 |  | 3331 | 59556 | SH |  | SOLE | 1 | 52500 | 0 | 7056 |
| PARAMOUNT GLOBAL | 5.75% CONV PFD A | 92556H305 |  | 1531 | 61823 | SH |  | SOLE | 1 | 0 | 0 | 61823 |
| BAXTER INTL INC | COM | 071813109 |  | 3170 | 62198 | SH |  | SOLE | 1 | 62198 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 7128 | 64831 | SH |  | SOLE | 1 | 54900 | 0 | 9931 |
| FISERV INC | COM | 337738108 |  | 6686 | 66155 | SH |  | SOLE | 1 | 63000 | 0 | 3155 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 3420 | 69000 | SH |  | SOLE | 1 | 69000 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 11030 | 70504 | SH |  | SOLE | 1 | 41000 | 0 | 29504 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 12502 | 70774 | SH |  | SOLE | 1 | 24200 | 0 | 46574 |
| ABBVIE INC | COM | 00287Y109 |  | 12020 | 74378 | SH |  | SOLE | 1 | 38500 | 0 | 35878 |
| CHEVRON CORP NEW | COM | 166764100 |  | 13706 | 76362 | SH |  | SOLE | 1 | 47000 | 0 | 29362 |
| MERCK  CO INC | COM | 58933Y105 |  | 8901 | 80229 | SH |  | SOLE | 1 | 21800 | 0 | 58429 |
| FLOWSERVE CORP | COM | 34354P105 |  | 2554 | 83253 | SH |  | SOLE | 1 | 0 | 0 | 83253 |
| INGREDION INC | COM | 457187102 |  | 8926 | 91143 | SH |  | SOLE | 1 | 37300 | 0 | 53843 |
| VALVOLINE INC | COM | 92047W101 |  | 2980 | 91262 | SH |  | SOLE | 1 | 45000 | 0 | 46262 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 2630 | 95508 | SH |  | SOLE | 1 | 0 | 0 | 95508 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1151 | 97000 | SH |  | SOLE | 1 | 97000 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 10299 | 102051 | SH |  | SOLE | 1 | 56000 | 0 | 46051 |
| CISCO SYS INC | COM | 17275R102 |  | 5251 | 110224 | SH |  | SOLE | 1 | 10400 | 0 | 99824 |
| NUTRIEN LTD | COM | 67077M108 |  | 8093 | 110824 | SH |  | SOLE | 1 | 73500 | 0 | 37324 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 5192 | 114051 | SH |  | SOLE | 1 | 19500 | 0 | 94551 |
| METLIFE INC | COM | 59156R108 |  | 9156 | 126518 | SH |  | SOLE | 1 | 70000 | 0 | 56518 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11590 | 131360 | SH |  | SOLE | 1 | 116000 | 0 | 15360 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 7088 | 136329 | SH |  | SOLE | 1 | 77000 | 0 | 59329 |
| WILLIAMS COS INC | COM | 969457100 |  | 4592 | 139567 | SH |  | SOLE | 1 | 0 | 0 | 139567 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 8595 | 139740 | SH |  | SOLE | 1 | 85000 | 0 | 54740 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 9694 | 145439 | SH |  | SOLE | 1 | 53900 | 0 | 91539 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 20136 | 150156 | SH |  | SOLE | 1 | 98800 | 0 | 51356 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 13496 | 152099 | SH |  | SOLE | 1 | 126700 | 0 | 25399 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 |  | 8251 | 168382 | SH |  | SOLE | 1 | 59000 | 0 | 109382 |
| APPLE INC | COM | 037833100 |  | 24875 | 191449 | SH |  | SOLE | 1 | 172600 | 0 | 18849 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 2449 | 197952 | SH |  | SOLE | 1 | 163500 | 0 | 34452 |
| HP INC | COM | 40434L105 |  | 7261 | 270210 | SH |  | SOLE | 1 | 129500 | 0 | 140710 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 13280 | 351124 | SH |  | SOLE | 1 | 289000 | 0 | 62124 |
| IMAX CORP | COM | 45245E109 |  | 5223 | 356286 | SH |  | SOLE | 1 | 270000 | 0 | 86286 |
| BANK AMERICA CORP | COM | 060505104 |  | 13477 | 406904 | SH |  | SOLE | 1 | 267568 | 0 | 139336 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 19760 | 478571 | SH |  | SOLE | 1 | 0 | 0 | 478571 |
| AES CORP | COM | 00130H105 |  | 14210 | 494098 | SH |  | SOLE | 1 | 288000 | 0 | 206098 |
| HAWKS ACQUISITION CORP | UNIT 99/99/9999 | 42032P207 |  | 4985 | 500000 | SH |  | SOLE | 1 | 500000 | 0 | 0 |

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