Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HONA	Honeywell Aerospace	6,832	$1.51M	0.2%	$221.02	—	—	43849R105
MRVL	Marvell Technology	1,625	$484K	0.1%	$297.85	—	—	573874104
INTC	Intel	3,450	$482K	0.1%	$139.71	—	—	458140100
SBGSY	Schneider Electric SE	5,385	$351K	0.0%	$65.18	—	—	80687P106
TECH	Bio-Techne	3,300	$233K	0.0%	$70.61	—	—	09073M104
AMAT	Applied Materials	319	$231K	0.0%	$724.14	—	—	038222105
EBAY	eBay, Inc.	2,000	$224K	0.0%	$112.00	—	—	278642103

Increased Positions (12)

LLY Eli Lilly 5.6%

Value $53.28M (+32.2%) Shares 44,419 (+1.4%) Est. Cost $125.73 Unrealized —

APH Amphenol 'A' 1.1%

Value $10.84M (+51.2%) Shares 61,475 (+8.3%) Est. Cost $86.59 Unrealized —

AMZN Amazon.com 1.1%

Value $10.63M (+21.6%) Shares 44,584 (+6.2%) Est. Cost $135.38 Unrealized —

ECL Ecolab 2.2%

Value $20.95M (+9.0%) Shares 75,205 (+4.1%) Est. Cost $96.86 Unrealized —

NVDA NVIDIA 0.4%

Value $4.136M (+57.4%) Shares 20,670 (+37.2%) Est. Cost $130.84 Unrealized —

GWW Grainger, W.W. 0.6%

Value $5.284M (+29.0%) Shares 3,884 (+3.4%) Est. Cost $248.99 Unrealized —

HEI HEICO 0.4%

Value $3.953M (+41.5%) Shares 11,099 (+8.9%) Est. Cost $271.28 Unrealized —

CL Colgate-Palmolive 0.7%

Value $6.691M (+9.7%) Shares 72,984 (+2.0%) Est. Cost $45.36 Unrealized —

SNPS Synopsys 0.4%

Value $3.375M (+15.0%) Shares 7,565 (+2.2%) Est. Cost $479.48 Unrealized —

GOOG Alphabet Class C 0.1%

Value $1.377M (+26.9%) Shares 3,898 (+3.1%) Est. Cost $151.81 Unrealized —

IDXX IDEXX Labs 0.6%

Value $5.982M (-3.8%) Shares 11,363 (+2.7%) Est. Cost $88.61 Unrealized —

BCPC Balchem 0.2%

Value $2.043M (+10.7%) Shares 12,090 (+11.0%) Est. Cost $60.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Eli Lilly	44,419 (+1.4%)	$53.28M (+32.2%)	5.6%	$125.73	—	—	532457108
APH	Amphenol 'A'	61,475 (+8.3%)	$10.84M (+51.2%)	1.1%	$86.59	—	—	032095101
AMZN	Amazon.com	44,584 (+6.2%)	$10.63M (+21.6%)	1.1%	$135.38	—	—	023135106
ECL	Ecolab	75,205 (+4.1%)	$20.95M (+9.0%)	2.2%	$96.86	—	—	278865100
NVDA	NVIDIA	20,670 (+37.2%)	$4.136M (+57.4%)	0.4%	$130.84	—	—	67066G104
GWW	Grainger, W.W.	3,884 (+3.4%)	$5.284M (+29.0%)	0.6%	$248.99	—	—	384802104
HEI	HEICO	11,099 (+8.9%)	$3.953M (+41.5%)	0.4%	$271.28	—	—	422806109
CL	Colgate-Palmolive	72,984 (+2.0%)	$6.691M (+9.7%)	0.7%	$45.36	—	—	194162103
SNPS	Synopsys	7,565 (+2.2%)	$3.375M (+15.0%)	0.4%	$479.48	—	—	871607107
GOOG	Alphabet Class C	3,898 (+3.1%)	$1.377M (+26.9%)	0.1%	$151.81	—	—	02079K107
IDXX	IDEXX Labs	11,363 (+2.7%)	$5.982M (-3.8%)	0.6%	$88.61	—	—	45168D104
BCPC	Balchem	12,090 (+11.0%)	$2.043M (+10.7%)	0.2%	$60.31	—	—	057665200

Exited Positions (3)

ZTS Zoetis 0.1%

Value $536K Shares 4,537 Est. Cost $103.60 Unrealized —

TSCO Tractor Supply Company 0.0%

Value $370K Shares 8,160 Est. Cost $51.31 Unrealized —

CB Chubb Ltd 0.0%

Value $207K Shares 634 Est. Cost $316.22 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	Zoetis	4,537	$536K	0.1%	$103.60	—	—	98978V103
TSCO	Tractor Supply Company	8,160	$370K	0.0%	$51.31	—	—	892356106
CB	Chubb Ltd	634	$207K	0.0%	$316.22	—	—	H1467J104

Decreased Positions (49)

GOOGL Alphabet Class A 4.2%

Value $39.38M (+22.2%) Shares 110,181 (-1.6%) Est. Cost $109.58 Unrealized —

INTU Intuit 1.1%

Value $10.15M (-40.9%) Shares 38,906 (-2.1%) Est. Cost $122.30 Unrealized —

BR Broadridge Financial Solutions 1.0%

Value $9.592M (-32.0%) Shares 70,042 (-19.4%) Est. Cost $73.46 Unrealized —

ABT Abbott Labs 1.9%

Value $18.39M (-14.9%) Shares 202,659 (-3.7%) Est. Cost $41.94 Unrealized —

NKE NIKE 'B' 0.3%

Value $3.239M (-40.1%) Shares 78,900 (-22.9%) Est. Cost $44.28 Unrealized —

HON Honeywell Int'l 0.2%

Value $1.53M (-50.8%) Shares 6,832 (-50.4%) Est. Cost $115.21 Unrealized —

QCOM QUALCOMM 0.6%

Value $5.955M (+35.9%) Shares 32,227 (-5.3%) Est. Cost $73.93 Unrealized —

MKC McCormick 0.5%

Value $5.153M (-22.3%) Shares 102,193 (-22.3%) Est. Cost $57.99 Unrealized —

ACN Accenture 'A' 0.2%

Value $1.624M (-46.3%) Shares 13,050 (-14.4%) Est. Cost $121.09 Unrealized —

WSO Watsco 1.3%

Value $12.56M (+12.5%) Shares 30,149 (-1.8%) Est. Cost $192.53 Unrealized —

CHD Church & Dwight 1.2%

Value $11.54M (-8.4%) Shares 119,166 (-11.7%) Est. Cost $36.91 Unrealized —

FISV Fiserv 0.2%

Value $1.914M (-30.3%) Shares 39,022 (-20.7%) Est. Cost $50.77 Unrealized —

AMT American Tower REIT 0.2%

Value $1.472M (-35.1%) Shares 9,002 (-31.5%) Est. Cost $102.12 Unrealized —

LMT Lockheed Martin 0.4%

Value $3.547M (-17.9%) Shares 6,962 (-2.6%) Est. Cost $434.40 Unrealized —

SYY Sysco 0.5%

Value $4.96M (+16.0%) Shares 59,349 (-1.0%) Est. Cost $29.48 Unrealized —

V Visa 0.7%

Value $6.237M (+11.7%) Shares 18,178 (-1.6%) Est. Cost $121.56 Unrealized —

VEEV Veeva Systems 'A' 0.5%

Value $4.29M (-9.8%) Shares 24,174 (-10.7%) Est. Cost $237.92 Unrealized —

PANW Palo Alto Networks 0.1%

Value $900K (+64.5%) Shares 2,640 (-22.7%) Est. Cost $156.81 Unrealized —

SHW Sherwin-Williams 0.8%

Value $7.511M (+4.1%) Shares 21,814 (-3.1%) Est. Cost $238.51 Unrealized —

HD Home Depot 0.9%

Value $8.38M (+3.6%) Shares 23,760 (-3.4%) Est. Cost $129.13 Unrealized —

DKS Dick's Sporting Goods 0.2%

Value $2.246M (+11.7%) Shares 9,901 (-2.4%) Est. Cost $207.37 Unrealized —

JKHY Jack Henry & Associates 0.1%

Value $966K (-14.7%) Shares 7,010 (-2.2%) Est. Cost $64.15 Unrealized —

TMO Thermo Fisher Scientific 0.1%

Value $1.046M (-13.4%) Shares 2,087 (-15.1%) Est. Cost $470.78 Unrealized —

AJG Arthur J. Gallagher 0.5%

Value $4.743M (+3.5%) Shares 20,660 (-2.4%) Est. Cost $281.31 Unrealized —

BDX Becton, Dickinson 0.2%

Value $1.902M (-7.7%) Shares 12,569 (-4.1%) Est. Cost $170.84 Unrealized —

BAC Bank of America 0.1%

Value $1.149M (+15.6%) Shares 20,173 (-1.0%) Est. Cost $23.90 Unrealized —

PM Philip Morris Int'l 0.2%

Value $2.07M (+7.5%) Shares 11,442 (-1.7%) Est. Cost $71.47 Unrealized —

TRMB Trimble 0.0%

Value $435K (-23.4%) Shares 8,500 (-2.3%) Est. Cost $30.56 Unrealized —

GE GE Aerospace 0.1%

Value $774K (+19.8%) Shares 2,070 (-9.1%) Est. Cost $89.53 Unrealized —

EQIX Equinix REIT 0.4%

Value $4.243M (+3.0%) Shares 4,070 (-3.1%) Est. Cost $810.43 Unrealized —

DHR Danaher 0.9%

Value $8.638M (-1.3%) Shares 45,350 (-1.8%) Est. Cost $49.81 Unrealized —

WAT Waters 0.1%

Value $637K (+20.9%) Shares 1,698 (-4.1%) Est. Cost $367.10 Unrealized —

SBUX Starbucks 0.1%

Value $1.09M (+9.7%) Shares 10,670 (-3.8%) Est. Cost $52.17 Unrealized —

JPM JPMorgan Chase 0.1%

Value $1.269M (+7.8%) Shares 3,875 (-3.1%) Est. Cost $67.99 Unrealized —

GEV GE Vernova 0.1%

Value $658K (+14.2%) Shares 560 (-15.2%) Est. Cost $415.97 Unrealized —

BF/B Brown-Forman 'B' 0.1%

Value $724K (-8.6%) Shares 27,150 (-9.4%) Est. Cost $39.75 Unrealized —

BMY Bristol-Myers Squibb 0.1%

Value $725K (-8.2%) Shares 12,578 (-3.5%) Est. Cost $46.40 Unrealized —

RBC RBC Bearings 0.1%

Value $638K (-9.0%) Shares 990 (-23.3%) Est. Cost $232.37 Unrealized —

ETN Eaton 0.0%

Value $385K (+16.7%) Shares 903 (-2.0%) Est. Cost $211.92 Unrealized —

AME Ametek 0.0%

Value $393K (-11.7%) Shares 1,625 (-21.7%) Est. Cost $154.26 Unrealized —

CTAS Cintas 0.0%

Value $318K (-13.4%) Shares 1,867 (-13.8%) Est. Cost $174.62 Unrealized —

— CIGNA 0.1%

Value $579K (-6.3%) Shares 2,102 (-9.3%) Est. Cost $356.68 Unrealized —

SOLS Solstice Advanced Materials, Inc. 0.0%

Value $293K (+14.5%) Shares 3,304 (-1.7%) Est. Cost $65.21 Unrealized —

VLTO Veralto 0.1%

Value $963K (-3.2%) Shares 10,858 (-3.5%) Est. Cost $73.75 Unrealized —

MDLZ Mondelez Int'l 0.0%

Value $401K (-6.3%) Shares 6,932 (-6.7%) Est. Cost $38.26 Unrealized —

BRK/B Berkshire Hathaway 'B' 0.7%

Value $6.993M (+0.4%) Shares 13,975 (-3.9%) Est. Cost $189.20 Unrealized —

CSL Carlisle Companies 0.0%

Value $312K (+5.4%) Shares 861 (-2.8%) Est. Cost $377.36 Unrealized —

RSG Republic Services 0.0%

Value $266K (-4.7%) Shares 1,250 (-2.0%) Est. Cost $151.78 Unrealized —

— Linde plc 0.1%

Value $532K (-0.2%) Shares 1,026 (-4.6%) Est. Cost $366.27 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Class A	110,181 (-1.6%)	$39.38M (+22.2%)	4.2%	$109.58	—	—	02079K305
INTU	Intuit	38,906 (-2.1%)	$10.15M (-40.9%)	1.1%	$122.30	—	—	461202103
BR	Broadridge Financial Solutions	70,042 (-19.4%)	$9.592M (-32.0%)	1.0%	$73.46	—	—	11133T103
ABT	Abbott Labs	202,659 (-3.7%)	$18.39M (-14.9%)	1.9%	$41.94	—	—	002824100
NKE	NIKE 'B'	78,900 (-22.9%)	$3.239M (-40.1%)	0.3%	$44.28	—	—	654106103
HON	Honeywell Int'l	6,832 (-50.4%)	$1.53M (-50.8%)	0.2%	$115.21	—	—	438516106
QCOM	QUALCOMM	32,227 (-5.3%)	$5.955M (+35.9%)	0.6%	$73.93	—	—	747525103
MKC	McCormick	102,193 (-22.3%)	$5.153M (-22.3%)	0.5%	$57.99	—	—	579780206
ACN	Accenture 'A'	13,050 (-14.4%)	$1.624M (-46.3%)	0.2%	$121.09	—	—	G1151C101
WSO	Watsco	30,149 (-1.8%)	$12.56M (+12.5%)	1.3%	$192.53	—	—	942622200
CHD	Church & Dwight	119,166 (-11.7%)	$11.54M (-8.4%)	1.2%	$36.91	—	—	171340102
FISV	Fiserv	39,022 (-20.7%)	$1.914M (-30.3%)	0.2%	$50.77	—	—	337738108
AMT	American Tower REIT	9,002 (-31.5%)	$1.472M (-35.1%)	0.2%	$102.12	—	—	03027X100
LMT	Lockheed Martin	6,962 (-2.6%)	$3.547M (-17.9%)	0.4%	$434.40	—	—	539830109
SYY	Sysco	59,349 (-1.0%)	$4.96M (+16.0%)	0.5%	$29.48	—	—	871829107
V	Visa	18,178 (-1.6%)	$6.237M (+11.7%)	0.7%	$121.56	—	—	92826C839
VEEV	Veeva Systems 'A'	24,174 (-10.7%)	$4.29M (-9.8%)	0.5%	$237.92	—	—	922475108
PANW	Palo Alto Networks	2,640 (-22.7%)	$900K (+64.5%)	0.1%	$156.81	—	—	697435105
SHW	Sherwin-Williams	21,814 (-3.1%)	$7.511M (+4.1%)	0.8%	$238.51	—	—	824348106
HD	Home Depot	23,760 (-3.4%)	$8.38M (+3.6%)	0.9%	$129.13	—	—	437076102
DKS	Dick's Sporting Goods	9,901 (-2.4%)	$2.246M (+11.7%)	0.2%	$207.37	—	—	253393102
JKHY	Jack Henry & Associates	7,010 (-2.2%)	$966K (-14.7%)	0.1%	$64.15	—	—	426281101
TMO	Thermo Fisher Scientific	2,087 (-15.1%)	$1.046M (-13.4%)	0.1%	$470.78	—	—	883556102
AJG	Arthur J. Gallagher	20,660 (-2.4%)	$4.743M (+3.5%)	0.5%	$281.31	—	—	363576109
BDX	Becton, Dickinson	12,569 (-4.1%)	$1.902M (-7.7%)	0.2%	$170.84	—	—	075887109
BAC	Bank of America	20,173 (-1.0%)	$1.149M (+15.6%)	0.1%	$23.90	—	—	060505104
PM	Philip Morris Int'l	11,442 (-1.7%)	$2.07M (+7.5%)	0.2%	$71.47	—	—	718172109
TRMB	Trimble	8,500 (-2.3%)	$435K (-23.4%)	0.0%	$30.56	—	—	896239100
GE	GE Aerospace	2,070 (-9.1%)	$774K (+19.8%)	0.1%	$89.53	—	—	369604301
EQIX	Equinix REIT	4,070 (-3.1%)	$4.243M (+3.0%)	0.4%	$810.43	—	—	29444U700
DHR	Danaher	45,350 (-1.8%)	$8.638M (-1.3%)	0.9%	$49.81	—	—	235851102
WAT	Waters	1,698 (-4.1%)	$637K (+20.9%)	0.1%	$367.10	—	—	941848103
SBUX	Starbucks	10,670 (-3.8%)	$1.09M (+9.7%)	0.1%	$52.17	—	—	855244109
JPM	JPMorgan Chase	3,875 (-3.1%)	$1.269M (+7.8%)	0.1%	$67.99	—	—	46625H100
GEV	GE Vernova	560 (-15.2%)	$658K (+14.2%)	0.1%	$415.97	—	—	36828A101
BF/B	Brown-Forman 'B'	27,150 (-9.4%)	$724K (-8.6%)	0.1%	$39.75	—	—	115637209
BMY	Bristol-Myers Squibb	12,578 (-3.5%)	$725K (-8.2%)	0.1%	$46.40	—	—	110122108
RBC	RBC Bearings	990 (-23.3%)	$638K (-9.0%)	0.1%	$232.37	—	—	75524B104
ETN	Eaton	903 (-2.0%)	$385K (+16.7%)	0.0%	$211.92	—	—	G29183103
AME	Ametek	1,625 (-21.7%)	$393K (-11.7%)	0.0%	$154.26	—	—	031100100
CTAS	Cintas	1,867 (-13.8%)	$318K (-13.4%)	0.0%	$174.62	—	—	172908105
—	CIGNA	2,102 (-9.3%)	$579K (-6.3%)	0.1%	$356.68	—	—	125509109
SOLS	Solstice Advanced Materials, Inc.	3,304 (-1.7%)	$293K (+14.5%)	0.0%	$65.21	—	—	83443Q103
VLTO	Veralto	10,858 (-3.5%)	$963K (-3.2%)	0.1%	$73.75	—	—	92338C103
MDLZ	Mondelez Int'l	6,932 (-6.7%)	$401K (-6.3%)	0.0%	$38.26	—	—	609207105
BRK/B	Berkshire Hathaway 'B'	13,975 (-3.9%)	$6.993M (+0.4%)	0.7%	$189.20	—	—	084670702
CSL	Carlisle Companies	861 (-2.8%)	$312K (+5.4%)	0.0%	$377.36	—	—	142339100
RSG	Republic Services	1,250 (-2.0%)	$266K (-4.7%)	0.0%	$151.78	—	—	760759100
—	Linde plc	1,026 (-4.6%)	$532K (-0.2%)	0.1%	$366.27	—	—	G5494J103

Unchanged Positions (87)

AAPL Apple 7.8%

Value $73.54M Shares 254,154 Est. Cost $83.44 Unrealized —

ADP Automatic Data Processing 4.1%

Value $38.73M Shares 172,935 Est. Cost $45.45 Unrealized —

ABBV AbbVie 2.6%

Value $24.21M Shares 96,228 Est. Cost $35.96 Unrealized —

TJX TJX Companies 5.8%

Value $54.56M Shares 360,164 Est. Cost $34.69 Unrealized —

XOM ExxonMobil 1.3%

Value $12.56M Shares 91,891 Est. Cost $56.01 Unrealized —

MCD McDonald's 2.0%

Value $19.29M Shares 71,366 Est. Cost $75.54 Unrealized —

MA Mastercard 5.9%

Value $55.65M Shares 108,351 Est. Cost $72.81 Unrealized —

CSCO Cisco Systems 0.6%

Value $5.465M Shares 46,528 Est. Cost $16.31 Unrealized —

PEP PepsiCo 1.0%

Value $9.731M Shares 71,867 Est. Cost $77.99 Unrealized —

SYK Stryker 3.7%

Value $35.14M Shares 111,616 Est. Cost $71.12 Unrealized —

NEE NextEra Energy 2.3%

Value $21.73M Shares 247,598 Est. Cost $57.22 Unrealized —

COST Costco Wholesale 1.8%

Value $16.63M Shares 17,775 Est. Cost $353.30 Unrealized —

ADI Analog Devices 0.6%

Value $5.214M Shares 13,129 Est. Cost $155.31 Unrealized —

JNJ Johnson & Johnson 2.7%

Value $25.54M Shares 100,552 Est. Cost $67.40 Unrealized —

KO Coca-Cola 1.4%

Value $13.67M Shares 168,150 Est. Cost $28.11 Unrealized —

WMT Walmart 0.9%

Value $8.775M Shares 77,479 Est. Cost $45.02 Unrealized —

MPC Marathon Petroleum 2.1%

Value $19.52M Shares 76,329 Est. Cost $37.92 Unrealized —

NVO Novo Nordisk ADR 0.3%

Value $2.831M Shares 59,058 Est. Cost $82.06 Unrealized —

CASY Casey's General Stores 0.7%

Value $6.689M Shares 8,416 Est. Cost $364.28 Unrealized —

DE Deere & Company 0.5%

Value $4.347M Shares 6,853 Est. Cost $145.99 Unrealized —

CAT Caterpillar 0.2%

Value $1.446M Shares 1,358 Est. Cost $129.46 Unrealized —

MRK Merck 0.8%

Value $7.244M Shares 56,376 Est. Cost $47.25 Unrealized —

HPE Hewlett Packard Enterprise 0.1%

Value $866K Shares 19,200 Est. Cost $6.50 Unrealized —

EMR Emerson Electric 0.5%

Value $4.775M Shares 33,356 Est. Cost $42.81 Unrealized —

COP ConocoPhillips 0.1%

Value $1.351M Shares 12,991 Est. Cost $83.37 Unrealized —

NOC Northrop Grumman 0.1%

Value $979K Shares 1,922 Est. Cost $214.95 Unrealized —

LOW Lowe's 0.4%

Value $4.251M Shares 19,282 Est. Cost $44.88 Unrealized —

ISRG Intuitive Surgical 0.2%

Value $2.046M Shares 5,144 Est. Cost $262.44 Unrealized —

CVX Chevron 0.1%

Value $1.304M Shares 7,866 Est. Cost $90.00 Unrealized —

VZ Verizon Communications 0.2%

Value $1.634M Shares 38,591 Est. Cost $30.95 Unrealized —

IBM IBM 0.2%

Value $2.316M Shares 8,235 Est. Cost $120.24 Unrealized —

GLW Corning 0.1%

Value $633K Shares 2,477 Est. Cost $64.97 Unrealized —

PFE Pfizer 0.2%

Value $1.587M Shares 65,922 Est. Cost $20.27 Unrealized —

UNP Union Pacific 0.2%

Value $2.236M Shares 8,220 Est. Cost $75.59 Unrealized —

CARR Carrier Global 0.1%

Value $1.048M Shares 14,286 Est. Cost $18.65 Unrealized —

FDS FactSet Research Systems 0.4%

Value $4.037M Shares 17,546 Est. Cost $99.12 Unrealized —

T AT&T 0.0%

Value $455K Shares 21,986 Est. Cost $12.93 Unrealized —

PPG PPG Industries 0.2%

Value $1.511M Shares 12,457 Est. Cost $91.06 Unrealized —

MSFT Microsoft 5.2%

Value $48.89M Shares 131,068 Est. Cost $50.57 Unrealized —

GILD Gilead Sciences 0.2%

Value $1.698M Shares 13,440 Est. Cost $56.43 Unrealized —

WSM Williams Sonoma 0.1%

Value $793K Shares 3,400 Est. Cost $91.96 Unrealized —

HSY Hershey Company 0.1%

Value $935K Shares 5,331 Est. Cost $170.33 Unrealized —

EXPD Expeditors Int'l 0.2%

Value $1.426M Shares 8,750 Est. Cost $41.10 Unrealized —

— Fortune Brands Home & Security 0.1%

Value $568K Shares 10,347 Est. Cost $66.64 Unrealized —

PG Procter & Gamble 1.4%

Value $12.91M Shares 88,035 Est. Cost $58.81 Unrealized —

ITW Illinois Tool Works 0.4%

Value $3.426M Shares 12,668 Est. Cost $66.37 Unrealized —

PAYX Paychex 0.3%

Value $2.611M Shares 26,552 Est. Cost $28.28 Unrealized —

MMM 3M Company 0.1%

Value $1.369M Shares 8,453 Est. Cost $78.27 Unrealized —

ULTA Ulta Beauty 0.1%

Value $879K Shares 1,950 Est. Cost $330.63 Unrealized —

RTX RTX Corporation 0.9%

Value $8.218M Shares 43,314 Est. Cost $57.69 Unrealized —

TXN Texas Instruments 0.0%

Value $378K Shares 1,267 Est. Cost $103.70 Unrealized —

FAST Fastenal 0.4%

Value $3.449M Shares 71,800 Est. Cost $25.77 Unrealized —

UNH UnitedHealth Group 0.0%

Value $319K Shares 767 Est. Cost $340.12 Unrealized —

NSC Norfolk Southern 0.1%

Value $1.258M Shares 4,000 Est. Cost $165.22 Unrealized —

EW Edwards Lifesciences 0.1%

Value $820K Shares 9,060 Est. Cost $72.35 Unrealized —

AVGO Broadcom 0.1%

Value $515K Shares 1,363 Est. Cost $165.49 Unrealized —

AMGN Amgen 0.4%

Value $3.89M Shares 10,743 Est. Cost $82.02 Unrealized —

LHX L3 Harris Technologies 0.0%

Value $463K Shares 1,595 Est. Cost $180.73 Unrealized —

CSX CSX 0.1%

Value $635K Shares 13,368 Est. Cost $26.09 Unrealized —

HPQ HP 0.1%

Value $608K Shares 27,700 Est. Cost $11.22 Unrealized —

CMI Cummins 0.0%

Value $301K Shares 422 Est. Cost $466.32 Unrealized —

TMUS T-Mobile US 0.0%

Value $248K Shares 1,478 Est. Cost $138.65 Unrealized —

ALL Allstate 0.1%

Value $476K Shares 2,000 Est. Cost $86.64 Unrealized —

INGR Ingredion 0.0%

Value $284K Shares 3,000 Est. Cost $80.34 Unrealized —

EOG EOG Resources 0.0%

Value $436K Shares 3,363 Est. Cost $60.19 Unrealized —

MO Altria 0.1%

Value $581K Shares 8,081 Est. Cost $38.19 Unrealized —

TT Trane Technologies plc 0.0%

Value $278K Shares 565 Est. Cost $313.71 Unrealized —

GPC Genuine Parts 0.0%

Value $390K Shares 3,305 Est. Cost $68.88 Unrealized —

BRK/A Berkshire Hathaway 'A' 0.1%

Value $749K Shares 1 Est. Cost $199512.94 Unrealized —

DRI Darden Restaurants 0.1%

Value $515K Shares 2,500 Est. Cost $147.14 Unrealized —

OTIS Otis Worldwide 0.0%

Value $288K Shares 4,027 Est. Cost $50.86 Unrealized —

RHHBY Roche Holding Ltd ADR 0.1%

Value $621K Shares 12,100 Est. Cost $48.75 Unrealized —

PSX Phillips 66 0.0%

Value $221K Shares 1,305 Est. Cost $147.11 Unrealized —

ROST Ross Stores 0.1%

Value $934K Shares 4,390 Est. Cost $39.98 Unrealized —

DUK Duke Energy 0.1%

Value $480K Shares 3,790 Est. Cost $66.83 Unrealized —

KMI Kinder Morgan Delaware 0.0%

Value $320K Shares 10,000 Est. Cost $13.20 Unrealized —

PFF iShares S&P US Pfd ETF 0.2%

Value $1.923M Shares 63,062 Est. Cost $37.44 Unrealized —

WM Waste Management 0.0%

Value $257K Shares 1,152 Est. Cost $147.68 Unrealized —

GD General Dynamics 0.0%

Value $248K Shares 700 Est. Cost $255.81 Unrealized —

APD Air Products & Chemicals 0.5%

Value $4.576M Shares 15,610 Est. Cost $69.50 Unrealized —

ORLY O'Reilly Automotive 0.5%

Value $4.85M Shares 52,662 Est. Cost $87.57 Unrealized —

FLO Flowers Foods 0.0%

Value $159K Shares 20,100 Est. Cost $13.95 Unrealized —

IMRX Immuneering Corp 'A' 0.0%

Value $75,000 Shares 15,000 Est. Cost $5.19 Unrealized —

ORCL Oracle 0.1%

Value $569K Shares 3,885 Est. Cost $63.75 Unrealized —

ALCO Alico 0.1%

Value $739K Shares 17,866 Est. Cost $27.33 Unrealized —

DIS Disney, Walt 0.1%

Value $778K Shares 8,087 Est. Cost $92.39 Unrealized —

BSTK Brite-Strike Tactical Illumina 0.0%

Value $1,000 Shares 53,000 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	Apple	254,154	$73.54M	7.8%	$83.44	—	—	037833100
ADP	Automatic Data Processing	172,935	$38.73M	4.1%	$45.45	—	—	053015103
ABBV	AbbVie	96,228	$24.21M	2.6%	$35.96	—	—	00287Y109
TJX	TJX Companies	360,164	$54.56M	5.8%	$34.69	—	—	872540109
XOM	ExxonMobil	91,891	$12.56M	1.3%	$56.01	—	—	30231G102
MCD	McDonald's	71,366	$19.29M	2.0%	$75.54	—	—	580135101
MA	Mastercard	108,351	$55.65M	5.9%	$72.81	—	—	57636Q104
CSCO	Cisco Systems	46,528	$5.465M	0.6%	$16.31	—	—	17275R102
PEP	PepsiCo	71,867	$9.731M	1.0%	$77.99	—	—	713448108
SYK	Stryker	111,616	$35.14M	3.7%	$71.12	—	—	863667101
NEE	NextEra Energy	247,598	$21.73M	2.3%	$57.22	—	—	65339F101
COST	Costco Wholesale	17,775	$16.63M	1.8%	$353.30	—	—	22160K105
ADI	Analog Devices	13,129	$5.214M	0.6%	$155.31	—	—	032654105
JNJ	Johnson & Johnson	100,552	$25.54M	2.7%	$67.40	—	—	478160104
KO	Coca-Cola	168,150	$13.67M	1.4%	$28.11	—	—	191216100
WMT	Walmart	77,479	$8.775M	0.9%	$45.02	—	—	931142103
MPC	Marathon Petroleum	76,329	$19.52M	2.1%	$37.92	—	—	56585A102
NVO	Novo Nordisk ADR	59,058	$2.831M	0.3%	$82.06	—	—	670100205
CASY	Casey's General Stores	8,416	$6.689M	0.7%	$364.28	—	—	147528103
DE	Deere & Company	6,853	$4.347M	0.5%	$145.99	—	—	244199105
CAT	Caterpillar	1,358	$1.446M	0.2%	$129.46	—	—	149123101
MRK	Merck	56,376	$7.244M	0.8%	$47.25	—	—	58933Y105
HPE	Hewlett Packard Enterprise	19,200	$866K	0.1%	$6.50	—	—	42824C109
EMR	Emerson Electric	33,356	$4.775M	0.5%	$42.81	—	—	291011104
COP	ConocoPhillips	12,991	$1.351M	0.1%	$83.37	—	—	20825C104
NOC	Northrop Grumman	1,922	$979K	0.1%	$214.95	—	—	666807102
LOW	Lowe's	19,282	$4.251M	0.4%	$44.88	—	—	548661107
ISRG	Intuitive Surgical	5,144	$2.046M	0.2%	$262.44	—	—	46120E602
CVX	Chevron	7,866	$1.304M	0.1%	$90.00	—	—	166764100
VZ	Verizon Communications	38,591	$1.634M	0.2%	$30.95	—	—	92343V104
IBM	IBM	8,235	$2.316M	0.2%	$120.24	—	—	459200101
GLW	Corning	2,477	$633K	0.1%	$64.97	—	—	219350105
PFE	Pfizer	65,922	$1.587M	0.2%	$20.27	—	—	717081103
UNP	Union Pacific	8,220	$2.236M	0.2%	$75.59	—	—	907818108
CARR	Carrier Global	14,286	$1.048M	0.1%	$18.65	—	—	14448C104
FDS	FactSet Research Systems	17,546	$4.037M	0.4%	$99.12	—	—	303075105
T	AT&T	21,986	$455K	0.0%	$12.93	—	—	00206R102
PPG	PPG Industries	12,457	$1.511M	0.2%	$91.06	—	—	693506107
MSFT	Microsoft	131,068	$48.89M	5.2%	$50.57	—	—	594918104
GILD	Gilead Sciences	13,440	$1.698M	0.2%	$56.43	—	—	375558103
WSM	Williams Sonoma	3,400	$793K	0.1%	$91.96	—	—	969904101
HSY	Hershey Company	5,331	$935K	0.1%	$170.33	—	—	427866108
EXPD	Expeditors Int'l	8,750	$1.426M	0.2%	$41.10	—	—	302130109
—	Fortune Brands Home & Security	10,347	$568K	0.1%	$66.64	—	—	34964c106
PG	Procter & Gamble	88,035	$12.91M	1.4%	$58.81	—	—	742718109
ITW	Illinois Tool Works	12,668	$3.426M	0.4%	$66.37	—	—	452308109
PAYX	Paychex	26,552	$2.611M	0.3%	$28.28	—	—	704326107
MMM	3M Company	8,453	$1.369M	0.1%	$78.27	—	—	88579Y101
ULTA	Ulta Beauty	1,950	$879K	0.1%	$330.63	—	—	90384S303
RTX	RTX Corporation	43,314	$8.218M	0.9%	$57.69	—	—	75513E101
TXN	Texas Instruments	1,267	$378K	0.0%	$103.70	—	—	882508104
FAST	Fastenal	71,800	$3.449M	0.4%	$25.77	—	—	311900104
UNH	UnitedHealth Group	767	$319K	0.0%	$340.12	—	—	91324P102
NSC	Norfolk Southern	4,000	$1.258M	0.1%	$165.22	—	—	655844108
EW	Edwards Lifesciences	9,060	$820K	0.1%	$72.35	—	—	28176E108
AVGO	Broadcom	1,363	$515K	0.1%	$165.49	—	—	11135F101
AMGN	Amgen	10,743	$3.89M	0.4%	$82.02	—	—	031162100
LHX	L3 Harris Technologies	1,595	$463K	0.0%	$180.73	—	—	502431109
CSX	CSX	13,368	$635K	0.1%	$26.09	—	—	126408103
HPQ	HP	27,700	$608K	0.1%	$11.22	—	—	40434L105
CMI	Cummins	422	$301K	0.0%	$466.32	—	—	231021106
TMUS	T-Mobile US	1,478	$248K	0.0%	$138.65	—	—	872590104
ALL	Allstate	2,000	$476K	0.1%	$86.64	—	—	020002101
INGR	Ingredion	3,000	$284K	0.0%	$80.34	—	—	457187102
EOG	EOG Resources	3,363	$436K	0.0%	$60.19	—	—	26875P101
MO	Altria	8,081	$581K	0.1%	$38.19	—	—	02209S103
TT	Trane Technologies plc	565	$278K	0.0%	$313.71	—	—	G8994E103
GPC	Genuine Parts	3,305	$390K	0.0%	$68.88	—	—	372460105
BRK/A	Berkshire Hathaway 'A'	1	$749K	0.1%	$199512.94	—	—	084670108
DRI	Darden Restaurants	2,500	$515K	0.1%	$147.14	—	—	237194105
OTIS	Otis Worldwide	4,027	$288K	0.0%	$50.86	—	—	68902V107
RHHBY	Roche Holding Ltd ADR	12,100	$621K	0.1%	$48.75	—	—	771195104
PSX	Phillips 66	1,305	$221K	0.0%	$147.11	—	—	718546104
ROST	Ross Stores	4,390	$934K	0.1%	$39.98	—	—	778296103
DUK	Duke Energy	3,790	$480K	0.1%	$66.83	—	—	26441C204
KMI	Kinder Morgan Delaware	10,000	$320K	0.0%	$13.20	—	—	49456B101
PFF	iShares S&P US Pfd ETF	63,062	$1.923M	0.2%	$37.44	—	—	464288687
WM	Waste Management	1,152	$257K	0.0%	$147.68	—	—	94106L109
GD	General Dynamics	700	$248K	0.0%	$255.81	—	—	369550108
APD	Air Products & Chemicals	15,610	$4.576M	0.5%	$69.50	—	—	009158106
ORLY	O'Reilly Automotive	52,662	$4.85M	0.5%	$87.57	—	—	67103H107
FLO	Flowers Foods	20,100	$159K	0.0%	$13.95	—	—	343498101
IMRX	Immuneering Corp 'A'	15,000	$75,000	0.0%	$5.19	—	—	45254E107
ORCL	Oracle	3,885	$569K	0.1%	$63.75	—	—	68389X105
ALCO	Alico	17,866	$739K	0.1%	$27.33	—	—	016230104
DIS	Disney, Walt	8,087	$778K	0.1%	$92.39	—	—	254687106
BSTK	Brite-Strike Tactical Illumina	53,000	$1,000	0.0%	$0.02	—	—	11041N206