# EDGAR Filing Document

**Accession Number:** 0001469219
**File Stem:** 0002085853-26-000038
**Filing Date:** 2026-1
**Character Count:** 32774
**Document Hash:** 752bb583b2b378d8359a20538fb4d9a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000038.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0002085853-26-000038

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260116

**EFFECTIVENESS DATE**: 20260116

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** YHB Investment Advisors, Inc.
- **CENTRAL INDEX KEY:** 0001469219

**ORGANIZATION NAME:**
- **EIN:** 061283359
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13567
- **FILM NUMBER:** 26538295

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** YHB Investment Advisors Inc.<br>**Address:** 29 South Main St. Ste. 306<br>West Hartford, CT 06107-2417

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

**CRD Number (if applicable):** 000105434

**SEC File Number (if applicable):** 801-35916

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

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

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

/s/ Mark W. Everette  West Hartford, CT  01-16-2026<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:** 296

**Form 13F Information Table Value Total:** $1447466738

      (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 |
| 2023 ETF SERIES TRUST | EAGLE CAPITAL SE | 88339Y102 |  | 10339094 | 318518 | SH |  | SOLE |  | 318518 | 0 | 0 |
| 3-D SYS CORP DEL | COM NEW | 88554D205 |  | 17705 | 10003 | SH |  | SOLE |  | 10003 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 702551 | 4388 | SH |  | SOLE |  | 4388 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 624947 | 4988 | SH |  | SOLE |  | 4988 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 8361100 | 36593 | SH |  | SOLE |  | 36593 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 539820 | 2012 | SH |  | SOLE |  | 2012 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 401439 | 1147 | SH |  | SOLE |  | 1147 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 335160 | 1565 | SH |  | SOLE |  | 1565 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 2702113 | 18796 | SH |  | SOLE |  | 18796 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 5062351 | 45909 | SH |  | SOLE |  | 45909 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 615521 | 11583 | SH |  | SOLE |  | 11583 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 1442896 | 18180 | SH |  | SOLE |  | 18180 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 42947243 | 136862 | SH |  | SOLE |  | 136862 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 48601301 | 155276 | SH |  | SOLE |  | 155276 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 49990857 | 216579 | SH |  | SOLE |  | 216579 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2188997 | 5917 | SH |  | SOLE |  | 5917 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 312837 | 638 | SH |  | SOLE |  | 638 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 14932879 | 45623 | SH |  | SOLE |  | 45623 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 18916222 | 139975 | SH |  | SOLE |  | 139975 | 0 | 0 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 212981 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 8657911 | 24535 | SH |  | SOLE |  | 24535 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1742766 | 12039 | SH |  | SOLE |  | 12039 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 90098960 | 331417 | SH |  | SOLE |  | 331417 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1234837 | 4805 | SH |  | SOLE |  | 4805 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 894403 | 836 | SH |  | SOLE |  | 836 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1044868 | 4062 | SH |  | SOLE |  | 4062 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 2869209 | 846 | SH |  | SOLE |  | 846 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 222629 | 392 | SH |  | SOLE |  | 392 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1087736 | 19777 | SH |  | SOLE |  | 19777 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 924355 | 4763 | SH |  | SOLE |  | 4763 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 579261 | 8261 | SH |  | SOLE |  | 8261 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 37045305 | 73700 | SH |  | SOLE |  | 73700 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 3428299 | 3203 | SH |  | SOLE |  | 3203 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1032276 | 6697 | SH |  | SOLE |  | 6697 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 514112 | 96 | SH |  | SOLE |  | 96 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 346129 | 4103 | SH |  | SOLE |  | 4103 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 598896 | 11103 | SH |  | SOLE |  | 11103 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 6022140 | 17400 | SH |  | SOLE |  | 17400 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 3990215 | 16464 | SH |  | SOLE |  | 16464 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 6550211 | 20478 | SH |  | SOLE |  | 20478 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 2373332 | 44915 | SH |  | SOLE |  | 44915 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 2058292 | 3724 | SH |  | SOLE |  | 3724 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 965923 | 1686 | SH |  | SOLE |  | 1686 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 371575 | 1780 | SH |  | SOLE |  | 1780 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 4539297 | 29783 | SH |  | SOLE |  | 29783 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 2382097 | 64381 | SH |  | SOLE |  | 64381 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 3534780 | 42156 | SH |  | SOLE |  | 42156 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1758958 | 22835 | SH |  | SOLE |  | 22835 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 3436481 | 29450 | SH |  | SOLE |  | 29450 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 2071585 | 7586 | SH |  | SOLE |  | 7586 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1054480 | 15083 | SH |  | SOLE |  | 15083 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 679687 | 8189 | SH |  | SOLE |  | 8189 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 904539 | 11447 | SH |  | SOLE |  | 11447 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2382741 | 79717 | SH |  | SOLE |  | 79717 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1588281 | 16967 | SH |  | SOLE |  | 16967 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 207592 | 3097 | SH |  | SOLE |  | 3097 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 36427379 | 42242 | SH |  | SOLE |  | 42242 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 306711 | 8461 | SH |  | SOLE |  | 8461 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 8377919 | 16413 | SH |  | SOLE |  | 16413 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 412689 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 289068 | 2007 | SH |  | SOLE |  | 2007 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 20130773 | 87938 | SH |  | SOLE |  | 87938 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 393872 | 846 | SH |  | SOLE |  | 846 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 3211863 | 28231 | SH |  | SOLE |  | 28231 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 6534870 | 20517 | SH |  | SOLE |  | 20517 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 2395125 | 27499 | SH |  | SOLE |  | 27499 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 19987339 | 76136 | SH |  | SOLE |  | 76136 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 1874391 | 5347 | SH |  | SOLE |  | 5347 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 8627531 | 8028 | SH |  | SOLE |  | 8028 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 353433 | 2663 | SH |  | SOLE |  | 2663 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 273778 | 2962 | SH |  | SOLE |  | 2962 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 270507 | 8438 | SH |  | SOLE |  | 8438 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 324901 | 3094 | SH |  | SOLE |  | 3094 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 391508 | 511 | SH |  | SOLE |  | 511 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3734786 | 31035 | SH |  | SOLE |  | 31035 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 2277257 | 56747 | SH |  | SOLE |  | 56747 | 0 | 0 |
| FEDERAL SIGNAL CORP | COM | 313855108 |  | 291456 | 2684 | SH |  | SOLE |  | 2684 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 272522 | 3575 | SH |  | SOLE |  | 3575 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 5911201 | 74439 | SH |  | SOLE |  | 74439 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 1718868 | 31133 | SH |  | SOLE |  | 31133 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 6587132 | 21385 | SH |  | SOLE |  | 21385 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 541988 | 6608 | SH |  | SOLE |  | 6608 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 3721428 | 5694 | SH |  | SOLE |  | 5694 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 724620 | 5904 | SH |  | SOLE |  | 5904 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 2139361 | 16162 | SH |  | SOLE |  | 16162 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 9180276 | 10444 | SH |  | SOLE |  | 10444 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 330169 | 2396 | SH |  | SOLE |  | 2396 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 309061 | 662 | SH |  | SOLE |  | 662 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 240214 | 1320 | SH |  | SOLE |  | 1320 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 3004635 | 10460 | SH |  | SOLE |  | 10460 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 13758318 | 39983 | SH |  | SOLE |  | 39983 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1000582 | 5129 | SH |  | SOLE |  | 5129 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 337524 | 760 | SH |  | SOLE |  | 760 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 590636 | 2306 | SH |  | SOLE |  | 2306 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 321352 | 475 | SH |  | SOLE |  | 475 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1270984 | 5160 | SH |  | SOLE |  | 5160 | 0 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 360892 | 12889 | SH |  | SOLE |  | 12889 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1482911 | 5006 | SH |  | SOLE |  | 5006 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 13709670 | 20696 | SH |  | SOLE |  | 20696 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 12594147 | 22237 | SH |  | SOLE |  | 22237 | 0 | 0 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 941685 | 18740 | SH |  | SOLE |  | 18740 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | GLOBAL WATER | 46138E651 |  | 649922 | 14720 | SH |  | SOLE |  | 14720 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 100 EQL WIGH | 46137V449 |  | 6893454 | 58340 | SH |  | SOLE |  | 58340 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | BIOTECHNOLOGY | 46137V787 |  | 2002899 | 24381 | SH |  | SOLE |  | 24381 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 655901 | 3424 | SH |  | SOLE |  | 3424 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL IND | 46137V324 |  | 282074 | 4981 | SH |  | SOLE |  | 4981 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5710832 | 9296 | SH |  | SOLE |  | 9296 | 0 | 0 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 2849460 | 44495 | SH |  | SOLE |  | 44495 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 7691649 | 114425 | SH |  | SOLE |  | 114425 | 0 | 0 |
| ISHARES INC | MSCI EQUAL WEITE | 464286681 |  | 795949 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| ISHARES TR | US SML CAP EQT | 46434V290 |  | 10109249 | 135006 | SH |  | SOLE |  | 135006 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 937200 | 17130 | SH |  | SOLE |  | 17130 | 0 | 0 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 5479816 | 120568 | SH |  | SOLE |  | 120568 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 633051 | 5933 | SH |  | SOLE |  | 5933 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 1319215 | 13617 | SH |  | SOLE |  | 13617 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 12928133 | 144513 | SH |  | SOLE |  | 144513 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 534337 | 5564 | SH |  | SOLE |  | 5564 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 13344528 | 108263 | SH |  | SOLE |  | 108263 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 17592188 | 146382 | SH |  | SOLE |  | 146382 | 0 | 0 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 244967 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 1079377 | 21340 | SH |  | SOLE |  | 21340 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 16429160 | 23986 | SH |  | SOLE |  | 23986 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 6578872 | 26726 | SH |  | SOLE |  | 26726 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 545832 | 2595 | SH |  | SOLE |  | 2595 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 7580999 | 35748 | SH |  | SOLE |  | 35748 | 0 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 331161 | 2346 | SH |  | SOLE |  | 2346 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 3144821 | 59471 | SH |  | SOLE |  | 59471 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 37789384 | 572566 | SH |  | SOLE |  | 572566 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 2146685 | 10808 | SH |  | SOLE |  | 10808 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 994877 | 2102 | SH |  | SOLE |  | 2102 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 282644 | 2064 | SH |  | SOLE |  | 2064 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1293926 | 9145 | SH |  | SOLE |  | 9145 | 0 | 0 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 523348 | 9188 | SH |  | SOLE |  | 9188 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 15751247 | 42179 | SH |  | SOLE |  | 42179 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 1477072 | 27414 | SH |  | SOLE |  | 27414 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 1003800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 1638255 | 9755 | SH |  | SOLE |  | 9755 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 1866816 | 28102 | SH |  | SOLE |  | 28102 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 21957986 | 434038 | SH |  | SOLE |  | 434038 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE GROWTH | 46654Q609 |  | 1034662 | 11149 | SH |  | SOLE |  | 11149 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 5907410 | 115968 | SH |  | SOLE |  | 115968 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 405348 | 8014 | SH |  | SOLE |  | 8014 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5040233 | 24355 | SH |  | SOLE |  | 24355 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 292070 | 2439 | SH |  | SOLE |  | 2439 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 16508020 | 51232 | SH |  | SOLE |  | 51232 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 219196 | 12707 | SH |  | SOLE |  | 12707 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 237495 | 2354 | SH |  | SOLE |  | 2354 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 3680194 | 12536 | SH |  | SOLE |  | 12536 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 18813367 | 109904 | SH |  | SOLE |  | 109904 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 654919 | 6254 | SH |  | SOLE |  | 6254 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 822503 | 8001 | SH |  | SOLE |  | 8001 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 251539 | 5210 | SH |  | SOLE |  | 5210 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 372762 | 7670 | SH |  | SOLE |  | 7670 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 973322 | 4062 | SH |  | SOLE |  | 4062 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 3809201 | 8934 | SH |  | SOLE |  | 8934 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 316804 | 655 | SH |  | SOLE |  | 655 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 2093992 | 8683 | SH |  | SOLE |  | 8683 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 367487 | 8487 | SH |  | SOLE |  | 8487 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 243992 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 4874801 | 15713 | SH |  | SOLE |  | 15713 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 233013 | 1256 | SH |  | SOLE |  | 1256 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 354294 | 569 | SH |  | SOLE |  | 569 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2352026 | 4120 | SH |  | SOLE |  | 4120 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 1957958 | 28747 | SH |  | SOLE |  | 28747 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 8230754 | 26930 | SH |  | SOLE |  | 26930 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 343702 | 419 | SH |  | SOLE |  | 419 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 684848 | 340 | SH |  | SOLE |  | 340 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 878710 | 8348 | SH |  | SOLE |  | 8348 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 9037292 | 13691 | SH |  | SOLE |  | 13691 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 584824 | 2049 | SH |  | SOLE |  | 2049 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 71740448 | 148341 | SH |  | SOLE |  | 148341 | 0 | 0 |
| MIDDLEFIELD BANC CORP | COM NEW | 596304204 |  | 230244 | 6666 | SH |  | SOLE |  | 6666 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1952971 | 36280 | SH |  | SOLE |  | 36280 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3947024 | 22233 | SH |  | SOLE |  | 22233 | 0 | 0 |
| MORNINGSTAR INC | COM | 617700109 |  | 2103995 | 9682 | SH |  | SOLE |  | 9682 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 6965524 | 74291 | SH |  | SOLE |  | 74291 | 0 | 0 |
| NEUBERGER BERMAN ETF TRUST | SHORT DURATION I | 64135A887 |  | 2449461 | 47856 | SH |  | SOLE |  | 47856 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 8252158 | 102792 | SH |  | SOLE |  | 102792 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1316521 | 20664 | SH |  | SOLE |  | 20664 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 351950 | 1219 | SH |  | SOLE |  | 1219 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 535349 | 3883 | SH |  | SOLE |  | 3883 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 40786737 | 218696 | SH |  | SOLE |  | 218696 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 12785567 | 65597 | SH |  | SOLE |  | 65597 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2561724 | 28086 | SH |  | SOLE |  | 28086 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 1872005 | 21431 | SH |  | SOLE |  | 21431 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1777856 | 10002 | SH |  | SOLE |  | 10002 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 8589040 | 46629 | SH |  | SOLE |  | 46629 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 2216452 | 19758 | SH |  | SOLE |  | 19758 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 599738 | 10273 | SH |  | SOLE |  | 10273 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 6368934 | 44377 | SH |  | SOLE |  | 44377 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1206197 | 48442 | SH |  | SOLE |  | 48442 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 327216 | 2040 | SH |  | SOLE |  | 2040 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1830173 | 14183 | SH |  | SOLE |  | 14183 | 0 | 0 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 |  | 2437131 | 48327 | SH |  | SOLE |  | 48327 | 0 | 0 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 1308258 | 24962 | SH |  | SOLE |  | 24962 | 0 | 0 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 7721692 | 76955 | SH |  | SOLE |  | 76955 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 207217 | 2024 | SH |  | SOLE |  | 2024 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4776446 | 33329 | SH |  | SOLE |  | 33329 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 338164 | 1485 | SH |  | SOLE |  | 1485 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 3591331 | 28132 | SH |  | SOLE |  | 28132 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 314623 | 1806 | SH |  | SOLE |  | 1806 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 348429 | 2037 | SH |  | SOLE |  | 2037 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 864379 | 2048 | SH |  | SOLE |  | 2048 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 285503 | 5608 | SH |  | SOLE |  | 5608 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 |  | 325112 | 725 | SH |  | SOLE |  | 725 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 438422 | 568 | SH |  | SOLE |  | 568 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 8637526 | 47097 | SH |  | SOLE |  | 47097 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 5356745 | 20221 | SH |  | SOLE |  | 20221 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 784842 | 3231 | SH |  | SOLE |  | 3231 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 809935 | 26935 | SH |  | SOLE |  | 26935 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 626161 | 21986 | SH |  | SOLE |  | 21986 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 5314124 | 197478 | SH |  | SOLE |  | 197478 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 2767908 | 105525 | SH |  | SOLE |  | 105525 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 8745082 | 318815 | SH |  | SOLE |  | 318815 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 16570942 | 507999 | SH |  | SOLE |  | 507999 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 444806 | 18503 | SH |  | SOLE |  | 18503 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 218860 | 6683 | SH |  | SOLE |  | 6683 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 468326 | 3922 | SH |  | SOLE |  | 3922 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 964893 | 21581 | SH |  | SOLE |  | 21581 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 268637 | 2282 | SH |  | SOLE |  | 2282 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 1688805 | 11730 | SH |  | SOLE |  | 11730 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 293656 | 1897 | SH |  | SOLE |  | 1897 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 304166 | 7125 | SH |  | SOLE |  | 7125 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 381750 | 2461 | SH |  | SOLE |  | 2461 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 298291 | 3840 | SH |  | SOLE |  | 3840 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 489370 | 8935 | SH |  | SOLE |  | 8935 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 4432246 | 28933 | SH |  | SOLE |  | 28933 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 4687804 | 63797 | SH |  | SOLE |  | 63797 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1009029 | 3114 | SH |  | SOLE |  | 3114 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 439448 | 2730 | SH |  | SOLE |  | 2730 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 308252 | 3535 | SH |  | SOLE |  | 3535 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 6584691 | 16615 | SH |  | SOLE |  | 16615 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 7926031 | 178474 | SH |  | SOLE |  | 178474 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 3978641 | 84996 | SH |  | SOLE |  | 84996 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 20283663 | 29745 | SH |  | SOLE |  | 29745 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 214164 | 355 | SH |  | SOLE |  | 355 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A201 |  | 1012637 | 10751 | SH |  | SOLE |  | 10751 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A474 |  | 1112387 | 36834 | SH |  | SOLE |  | 36834 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 231442 | 4939 | SH |  | SOLE |  | 4939 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A821 |  | 976431 | 10564 | SH |  | SOLE |  | 10564 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 1005180 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R200 |  | 1075550 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 3598830 | 44862 | SH |  | SOLE |  | 44862 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 466186 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 5362251 | 50255 | SH |  | SOLE |  | 50255 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R812 |  | 227824 | 1308 | SH |  | SOLE |  | 1308 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 559863 | 9855 | SH |  | SOLE |  | 9855 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 508609 | 11105 | SH |  | SOLE |  | 11105 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 347066 | 4121 | SH |  | SOLE |  | 4121 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 16790824 | 47773 | SH |  | SOLE |  | 47773 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 6447738 | 31756 | SH |  | SOLE |  | 31756 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 13562611 | 44630 | SH |  | SOLE |  | 44630 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 902138 | 2006 | SH |  | SOLE |  | 2006 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 541289 | 3120 | SH |  | SOLE |  | 3120 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 1062388 | 3860 | SH |  | SOLE |  | 3860 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 27677977 | 47766 | SH |  | SOLE |  | 47766 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 12603240 | 82047 | SH |  | SOLE |  | 82047 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 233428 | 2478 | SH |  | SOLE |  | 2478 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 226295 | 4525 | SH |  | SOLE |  | 4525 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 295792 | 760 | SH |  | SOLE |  | 760 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 1204844 | 906 | SH |  | SOLE |  | 906 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 8255117 | 35687 | SH |  | SOLE |  | 35687 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 15997019 | 19766 | SH |  | SOLE |  | 19766 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6021315 | 18240 | SH |  | SOLE |  | 18240 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 3353620 | 32383 | SH |  | SOLE |  | 32383 | 0 | 0 |
| VANECK ETF TRUST | TECHNOLOGY TRUSE | 92189H631 |  | 284388 | 10743 | SH |  | SOLE |  | 10743 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 857173 | 1757 | SH |  | SOLE |  | 1757 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 7393854 | 11790 | SH |  | SOLE |  | 11790 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3655262 | 10902 | SH |  | SOLE |  | 10902 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 585413 | 6616 | SH |  | SOLE |  | 6616 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 224795 | 1177 | SH |  | SOLE |  | 1177 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 241699 | 937 | SH |  | SOLE |  | 937 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 2832570 | 8998 | SH |  | SOLE |  | 8998 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 346813 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 596628 | 8111 | SH |  | SOLE |  | 8111 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 299121 | 5564 | SH |  | SOLE |  | 5564 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1222067 | 15328 | SH |  | SOLE |  | 15328 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 664395 | 3023 | SH |  | SOLE |  | 3023 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 414166 | 5490 | SH |  | SOLE |  | 5490 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 301792 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 1562704 | 15662 | SH |  | SOLE |  | 15662 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 381276 | 841 | SH |  | SOLE |  | 841 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 28679412 | 81775 | SH |  | SOLE |  | 81775 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 935371 | 12557 | SH |  | SOLE |  | 12557 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 10950026 | 98286 | SH |  | SOLE |  | 98286 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 244303 | 1391 | SH |  | SOLE |  | 1391 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2519854 | 11469 | SH |  | SOLE |  | 11469 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2395333 | 25701 | SH |  | SOLE |  | 25701 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 3159082 | 17020 | SH |  | SOLE |  | 17020 | 0 | 0 |
| WOODWARD INC | COM | 980745103 |  | 8980184 | 29704 | SH |  | SOLE |  | 29704 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 1219736 | 5679 | SH |  | SOLE |  | 5679 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 1428325 | 16731 | SH |  | SOLE |  | 16731 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 5054331 | 5009 | SH |  | SOLE |  | 5009 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 5214768 | 34471 | SH |  | SOLE |  | 34471 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 448422 | 9393 | SH |  | SOLE |  | 9393 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 2663471 | 21169 | SH |  | SOLE |  | 21169 | 0 | 0 |

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