Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC.	298,673	$53.03M	13.5%	$83.83	+84.5%	COM	037833100
CVX	CHEVRON CORP	115,326	$13.53M	3.4%	$70.02	+37.2%	COM	166764100
NKE	NIKE, INC. CL B	75,325	$12.55M	3.2%	$45.26	+241.5%	COM	654106103
PG	PROCTER & GAMBLE CO	74,834	$12.24M	3.1%	$56.77	+136.3%	COM	742718109
TGT	TARGET CORP-FRMLY DAYTON HUDSO	51,220	$11.85M	3.0%	$52.52	+307.8%	COM	87612E106
JPM	JPMORGAN CHASE & CO.	68,031	$10.77M	2.7%	$38.96	+279.4%	COM	46625H100
PM	PHILIP MORRIS INTERNATIONAL-AL	112,406	$10.68M	2.7%	$49.85	+53.1%	COM	718172109
KO	COCA-COLA CO	174,980	$10.36M	2.6%	$29.07	+69.2%	COM	191216100
MRK	MERCK & CO., INC.	134,570	$10.31M	2.6%	$35.76	+95.5%	COM	58933Y105
DEO	DIAGEO PLC ADR	45,040	$9.915M	2.5%	$113.73	—	COM	25243Q205
PFE	PFIZER, INC.	141,575	$8.36M	2.1%	$17.77	+126.4%	COM	717081103
GOOG	ALPHABET INC. CL C	2,870	$8.305M	2.1%	$52.85	+171.4%	COM	02079K107
—	ZOETIS INC.	33,900	$8.273M	2.1%	$30.88	—	COM	98978v103
HD	HOME DEPOT	19,550	$8.113M	2.1%	$56.05	+512.3%	COM	437076102
BRK/A	BERKSHIRE HATHAWAY INC. CL A	18	$8.112M	2.1%	$165023.42	+161.7%	COM	084670108
DIS	DISNEY WALT CO	48,465	$7.507M	1.9%	$90.95	+73.5%	COM	254687106
PEP	PEPSICO	42,009	$7.297M	1.9%	$56.00	+156.2%	COM	713448108
—	IRON MOUNTAIN INC. REIT	131,600	$6.887M	1.7%	$31.99	—	COM	46284v101
JNJ	JOHNSON & JOHNSON	38,690	$6.619M	1.7%	$63.36	+129.0%	COM	478160104
—	GENERAL MOTORS COMPANY	112,840	$6.616M	1.7%	$33.71	—	COM	37045v100
BRK/B	BERKSHIRE HATHAWAY INC. CL B	20,518	$6.135M	1.6%	$206.19	+38.9%	COM	084670702
—	ABBVIE INC.	43,500	$5.89M	1.5%	$71.60	—	COM	00287y109
MSFT	MICROSOFT CORPORATION	15,750	$5.297M	1.3%	$44.88	+598.3%	COM	594918104
BOH	BANK OF HAWAII CORPORATION	61,500	$5.151M	1.3%	$49.28	+41.7%	COM	062540109
MO	ALTRIA GROUP INC.	103,326	$4.897M	1.2%	$22.36	+46.7%	COM	02209S103
SKT	TANGER FACTORY OUTLET REIT	241,150	$4.649M	1.2%	$10.85	—	COM	875465106
RHHBY	ROCHE HOLDING LTD ADR	89,750	$4.639M	1.2%	$49.53	—	COM	771195104
L	LOEWS CORP	77,917	$4.5M	1.1%	$42.08	+32.8%	COM	540424108
META	META PLATFORMS INC. (FRMLY FAC	13,310	$4.477M	1.1%	$135.53	+143.3%	COM	30303M102
WMT	WALMART INC.	26,800	$3.878M	1.0%	$19.98	+126.1%	COM	931142103
GIS	GENERAL MILLS, INC.	56,000	$3.773M	1.0%	$34.14	+61.8%	COM	370334104
—	BANK OF AMERICA 5 PERP CALL 9	141,115	$3.751M	1.0%	$25.06	—	PFD	06055h202
BMY	BRISTOL-MYERS SQUIBB CO	59,924	$3.736M	0.9%	$31.01	+58.8%	COM	110122108
—	AON PLC	11,618	$3.492M	0.9%	$64.38	—	COM	037389103
EPD	ENTERPRISE PRODUCTS PARTNERS,	156,460	$3.436M	0.9%	$23.47	—	COM	293792107
IBM	INTERNATIONAL BUSINESS MACHINE	25,292	$3.381M	0.9%	$117.65	-9.5%	COM	459200101
VZ	VERIZON COMMUNICATIONS INC.	64,242	$3.338M	0.8%	$37.67	+7.2%	COM	92343V104
KMI	KINDER MORGAN, INC.	193,620	$3.071M	0.8%	$10.91	+20.9%	COM	49456B101
—	ORGANON & CO. (MERCK SPIN OFF)	100,655	$3.065M	0.8%	$30.42	—	COM	68622v106
MDLZ	MONDELEZ INTL INC.(FMRLY KRAFT	45,638	$3.026M	0.8%	$23.16	+138.9%	COM	609207105
CB	CHUBB LIMITED (FRMLY ACE LIMIT	14,906	$2.881M	0.7%	$94.35	+88.2%	COM	H1467J104
INTC	INTEL CORP	54,000	$2.781M	0.7%	$17.18	+175.3%	COM	458140100
STZ	CONSTELLATION BRANDS, INC.	10,875	$2.729M	0.7%	$155.04	+37.0%	COM	21036P108
BPY 6.5 PERP A-1	BROOKFIELD PRPTY PTNRS LP 6.5	100,000	$2.544M	0.6%	$24.83	—	PFD	G16249149
DLR	DIGITAL REALTY TRUST, INC. REI	13,900	$2.458M	0.6%	$119.89	+15.2%	COM	253868103
NSRGY	NESTLE SA - SPON ADR	17,000	$2.386M	0.6%	$79.48	—	COM	641069406
BTI	BRITISH AMERICAN TOBACCO PLC -	60,300	$2.256M	0.6%	$38.31	—	COM	110448107
KMB	KIMBERLY-CLARK	14,800	$2.115M	0.5%	$64.11	+79.8%	COM	494368103
—	PRUDENTIAL FINANCIAL INC 5.625	74,000	$2.01M	0.5%	$24.87	—	PFD	744320805
—	TOTALENERGIES SE ADR (FRMRLY T	40,095	$1.983M	0.5%	$48.40	—	COM	89151E109
SRE	SEMPRA ENERGY	14,500	$1.918M	0.5%	$42.21	+31.4%	COM	816851109
UNP	UNION PACIFIC CORPORATION	7,500	$1.889M	0.5%	$72.17	+197.9%	COM	907818108
TXN	TEXAS INSTRUMENTS INC.	10,000	$1.885M	0.5%	$25.31	+572.3%	COM	882508104
MCD	MCDONALD'S CORP	7,000	$1.876M	0.5%	$171.84	+33.6%	COM	580135101
CLX	CLOROX COMPANY (THE)	10,000	$1.744M	0.4%	$149.37	-2.5%	COM	189054109
—	REXFORD INDUSTRIAL REALTY, INC	21,000	$1.703M	0.4%	$13.81	—	COM	76169c100
—	CONOCOPHILLIPS	21,700	$1.566M	0.4%	$64.70	—	COM	20825c104
—	RAYTHEON TECHNOLGIES CORP - NC	17,400	$1.497M	0.4%	$65.80	—	COM	75513e101
—	BLACKSTONE INC. (THE)	11,000	$1.423M	0.4%	$44.45	—	COM	09260d107
CAT	CATERPILLAR INC.	6,800	$1.406M	0.4%	$111.53	+67.4%	COM	149123101
—	MATCH GROUP, INC.	10,623	$1.405M	0.4%	$110.61	—	COM	57667l107
AMZN	AMAZON.COM, INC.	419	$1.397M	0.4%	$93.44	+83.2%	COM	023135106
CI	CIGNA CORP (ACQUIRED EXPRESS S	5,932	$1.362M	0.3%	$190.77	+3.4%	COM	125523100
—	KKR & CO. INC.	18,000	$1.341M	0.3%	$27.28	—	COM	48251w104
AVB	AVALONBAY COMMUNITIES, INC REI	5,000	$1.263M	0.3%	$87.72	+135.2%	COM	053484101
ABT	ABBOTT LABORATORIES	8,700	$1.224M	0.3%	$28.85	+311.5%	COM	002824100
MS	MORGAN STANLEY	11,400	$1.119M	0.3%	$39.15	+121.7%	COM	617446448
—	PROMETHEUS BIOSCIENCES, INC.	27,857	$1.101M	0.3%	$39.52	—	COM	74349u108
UPS	UNITED PARCEL SERVICE, INC. CL	5,100	$1.093M	0.3%	$67.80	+148.6%	COM	911312106
—	ALLEGHANY CORP	1,594	$1.064M	0.3%	$383.31	—	COM	017175100
—	PUBLIC STORAGE 5.15 SER F CAL	40,000	$1.027M	0.3%	$24.97	—	PFD	74460W685
—	CROWN CASTLE INTERNATIONAL COR	4,800	$1.002M	0.3%	$172.08	—	COM	22822v101
—	NOVARTIS AG - ADR	10,750	$940K	0.2%	$81.77	—	COM	66987v109
PSX	PHILLIPS 66	12,600	$913K	0.2%	$51.48	+25.7%	COM	718546104
PSA	PUBLIC STORAGE - REIT	2,388	$894K	0.2%	$97.16	+183.7%	COM	74460D109
AEP	AMERICAN ELECTRIC POWER	10,000	$890K	0.2%	$30.44	+138.1%	COM	025537101
—	EXPEDIA INC.(IAC/INTERACTIVECO	4,900	$886K	0.2%	$134.34	—	COM	30212p303
ZBH	ZIMMER BIOMET HOLDINGS(FRMLY Z	6,700	$851K	0.2%	$67.30	+87.5%	COM	98956P102
—	YUM BRANDS INC. (FORMERLY TRIC	6,080	$844K	0.2%	$69.32	—	COM	895953107
—	U.S. BANCORP (FORMERLY FIRST B	14,610	$821K	0.2%	$36.18	—	COM	902973106
—	JPMORGAN CHASE 6.00 CALLABLE	30,000	$818K	0.2%	$26.13	—	PFD	48128b648
SYY	SYSCO CORP	10,000	$786K	0.2%	$24.40	+181.8%	COM	871829107
—	CARRIER GLOBAL CORP (UNITED TE	14,400	$781K	0.2%	$22.22	—	COM	14448c104
—	COCA-COLA EUROPACIFIC PARTNERS	13,000	$727K	0.2%	$45.85	—	COM	g25839104
BXP	BOSTON PROPERTIES INC. REIT	6,000	$691K	0.2%	$64.00	+43.3%	COM	101121101
ADM	ARCHER-DANIELS-MIDLAND CORP	10,172	$688K	0.2%	$23.37	+145.6%	COM	039483102
RIO	RIO TINTO PLC SPONSORED ADR	10,000	$669K	0.2%	$41.05	—	COM	767204100
EMR	EMERSON ELECTRIC CO	7,130	$663K	0.2%	$40.02	+116.2%	COM	291011104
—	ENERGY TRANSFER LP 7.375 PFD	26,000	$645K	0.2%	$25.27	—	PFD	29273v407
—	IAC/INTERACTIVECORP	4,925	$644K	0.2%	$154.11	—	COM	44891n208
—	OTIS WORLDWIDE CORP (UNITED TE	7,200	$627K	0.2%	$56.81	—	COM	68902v107
TSM	TAIWAN SEMICONDUCTOR MFG CO LT	5,006	$602K	0.2%	$46.54	—	COM	874039100
—	FIDELITY NATIONAL INFORMATION	5,364	$585K	0.1%	$42.88	—	COM	31620m106
—	FIDELITY NATIONAL FINANCIAL, I	10,458	$546K	0.1%	$27.73	—	COM	31620r303
—	TRAVELERS COMPANIES, INC.	3,311	$518K	0.1%	$80.04	—	COM	89417e109
F	FORD MOTOR COMPANY	24,390	$507K	0.1%	$8.12	+72.3%	COM	345370860
EW	EDWARDS LIFESCIENCES CORP.	3,820	$495K	0.1%	$63.68	+83.2%	COM	28176E108
AZN	ASTRAZENECA PLC-SPONS ADR	8,000	$466K	0.1%	$41.94	—	COM	046353108
DRI	DARDEN RESTAURANTS INC.	3,000	$452K	0.1%	$60.40	+113.9%	COM	237194105
—	HOWARD HUGHES CORP (THE)(SPINO	4,100	$417K	0.1%	$112.20	—	COM	44267d107
BAX	BAXTER INT'L INC.	4,606	$395K	0.1%	$32.47	+125.3%	COM	071813109
RL	RALPH LAUREN CORP (FMLY POLO R	3,000	$357K	0.1%	$87.38	+25.8%	COM	751212101
BP	BP PLC SPONS ADR	11,642	$310K	0.1%	$40.99	—	COM	055622104
BUD	ANHEUSER-BUSCH INBEV SA/NV - S	5,050	$306K	0.1%	$129.90	—	COM	03524A108
—	YUM CHINA HOLDINGS, INC.	5,853	$292K	0.1%	$39.49	—	COM	98850p109
HLTHQ	CUE HEALTH INC.	20,000	$268K	0.1%	$11.80	—	COM	229790100
—	BLACK KNIGHT INC. (FNF GROUP S	3,206	$266K	0.1%	$72.68	—	COM	09215C105
A	AGILENT TECHNOLOGIES, INC.(SPU	1,669	$266K	0.1%	$119.66	+26.6%	COM	00846U101
ORCL	ORACLE CORP	3,000	$262K	0.1%	$60.61	+46.7%	COM	68389X105
CDP	CORPORATE OFFICE PROPERTY TRUS	9,100	$255K	0.1%	$27.25	—	COM	22002T108
—	METLIFE INC.	4,000	$250K	0.1%	$60.75	—	COM	59156r108
CHD	CHURCH & DWIGHT	2,400	$246K	0.1%	$86.37	0.0%	COM	171340102
ALL	ALLSTATE CORP	2,000	$235K	0.1%	$86.64	+23.4%	COM	020002101
SWRAY	SWIRE PACIFIC LTD SPONS ADR RP	40,000	$228K	0.1%	$9.19	—	COM	870794302
—	AEGON NV - NY REG SHRS	36,691	$181K	0.0%	$2.55	—	COM	007924103
—	MARKER THERAPEUTICS, INC.	71,500	$68,000	0.0%	$2.79	—	COM	57055L107