Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC.	298,753	$40.85M	11.5%	$83.83	+77.3%	COM	037833100
CVX	CHEVRON CORP	115,136	$16.67M	4.7%	$70.02	+103.8%	COM	166764100
MRK	MERCK & CO., INC.	134,570	$12.27M	3.5%	$35.76	+121.5%	COM	58933Y105
PM	PHILIP MORRIS INTERNATIONAL-AL	112,506	$11.11M	3.1%	$49.85	+71.3%	COM	718172109
KO	COCA-COLA CO	171,980	$10.82M	3.1%	$29.07	+95.3%	COM	191216100
PG	PROCTER & GAMBLE CO	75,109	$10.8M	3.1%	$56.77	+141.8%	COM	742718109
DEO	DIAGEO PLC ADR	45,040	$7.842M	2.2%	$113.73	—	COM	25243Q205
NKE	NIKE, INC. CL B	75,600	$7.726M	2.2%	$45.26	+145.9%	COM	654106103
JPM	JPMORGAN CHASE & CO.	67,531	$7.605M	2.1%	$38.96	+190.1%	COM	46625H100
PFE	PFIZER, INC.	141,575	$7.423M	2.1%	$17.77	+136.3%	COM	717081103
BRK/A	BERKSHIRE HATHAWAY INC. CL A	18	$7.361M	2.1%	$165023.42	+185.5%	COM	084670108
TGT	TARGET CORP-FRMLY DAYTON HUDSO	51,535	$7.278M	2.1%	$52.52	+224.0%	COM	87612E106
PEP	PEPSICO	42,009	$7.001M	2.0%	$56.00	+167.5%	COM	713448108
JNJ	JOHNSON & JOHNSON	38,245	$6.789M	1.9%	$63.36	+152.4%	COM	478160104
—	ABBVIE INC.	43,500	$6.662M	1.9%	$71.60	—	COM	00287y109
GOOG	ALPHABET INC. CL C	3,003	$6.569M	1.9%	$55.71	+110.5%	COM	02079K107
—	IRON MOUNTAIN INC. REIT	131,600	$6.408M	1.8%	$31.99	—	COM	46284v101
MSFT	MICROSOFT CORPORATION	23,904	$6.139M	1.7%	$127.88	+106.0%	COM	594918104
—	ZOETIS INC.	33,900	$5.827M	1.6%	$30.88	—	COM	98978v103
BRK/B	BERKSHIRE HATHAWAY INC. CL B	20,518	$5.602M	1.6%	$206.19	+52.1%	COM	084670702
HD	HOME DEPOT	19,550	$5.362M	1.5%	$56.05	+379.9%	COM	437076102
DIS	DISNEY WALT CO	53,815	$5.08M	1.4%	$94.34	+14.9%	COM	254687106
VZ	VERIZON COMMUNICATIONS INC.	97,342	$4.94M	1.4%	$38.98	+2.9%	COM	92343V104
L	LOEWS CORP	77,917	$4.617M	1.3%	$42.08	+47.6%	COM	540424108
BMY	BRISTOL-MYERS SQUIBB CO	59,924	$4.614M	1.3%	$31.01	+109.5%	COM	110122108
BOH	BANK OF HAWAII CORPORATION	61,500	$4.576M	1.3%	$49.28	+31.8%	COM	062540109
RHHBY	ROCHE HOLDING LTD ADR	108,000	$4.505M	1.3%	$48.21	—	COM	771195104
MO	ALTRIA GROUP INC.	103,326	$4.316M	1.2%	$22.36	+72.0%	COM	02209S103
GIS	GENERAL MILLS, INC.	56,000	$4.225M	1.2%	$34.14	+81.1%	COM	370334104
IBM	INTERNATIONAL BUSINESS MACHINE	28,652	$4.045M	1.1%	$117.63	-0.1%	COM	459200101
EPD	ENTERPRISE PRODUCTS PARTNERS,	157,460	$3.837M	1.1%	$23.47	—	COM	293792107
—	ORGANON & CO. (MERCK SPIN OFF)	109,955	$3.711M	1.0%	$30.70	—	COM	68622v106
—	GENERAL MOTORS COMPANY	112,840	$3.584M	1.0%	$33.71	—	COM	37045v100
SKT	TANGER FACTORY OUTLET REIT	239,050	$3.399M	1.0%	$10.85	—	COM	875465106
KMI	KINDER MORGAN, INC.	201,620	$3.379M	1.0%	$11.03	+38.9%	COM	49456B101
WMT	WALMART INC.	26,800	$3.258M	0.9%	$19.98	+120.3%	COM	931142103
—	AON PLC	11,618	$3.133M	0.9%	$64.38	—	COM	037389103
—	BANK OF AMERICA 5 PERP CALL 9	141,115	$3.004M	0.8%	$25.06	—	PREFERRED	06055h202
VICI	VICI PROPERTIES INC. (REIT)	100,150	$2.983M	0.8%	$22.68	+6.5%	COM	925652109
DLR	DIGITAL REALTY TRUST, INC. REI	22,840	$2.965M	0.8%	$120.34	+0.6%	COM	253868103
CB	CHUBB LIMITED (FRMLY ACE LIMIT	14,906	$2.93M	0.8%	$94.35	+108.0%	COM	H1467J104
MDLZ	MONDELEZ INTL INC.(FMRLY KRAFT	45,638	$2.834M	0.8%	$23.16	+147.2%	COM	609207105
BTI	BRITISH AMERICAN TOBACCO PLC -	61,864	$2.655M	0.8%	$38.40	—	COM	110448107
STZ	CONSTELLATION BRANDS, INC.	10,875	$2.535M	0.7%	$155.04	+47.3%	COM	21036P108
SRE	SEMPRA ENERGY	14,500	$2.179M	0.6%	$42.21	+69.0%	COM	816851109
—	TOTALENERGIES SE ADR (FRMRLY T	40,795	$2.147M	0.6%	$48.47	—	COM	89151E109
META	META PLATFORMS INC. (FRMLY FAC	13,195	$2.128M	0.6%	$135.53	+41.4%	COM	30303M102
INTC	INTEL CORP	53,700	$2.009M	0.6%	$17.18	+136.5%	COM	458140100
BPY 6.5 PERP A-1	BROOKFIELD PRPTY PTNRS LP 6.5	100,000	$1.995M	0.6%	$24.83	—	PREFERRED	G16249149
KMB	KIMBERLY-CLARK	14,700	$1.987M	0.6%	$64.11	+79.0%	COM	494368103
NSRGY	NESTLE SA - SPON ADR	17,000	$1.979M	0.6%	$79.48	—	COM	641069406
—	CONOCOPHILLIPS	21,700	$1.949M	0.6%	$64.70	—	COM	20825c104
—	PRUDENTIAL FINANCIAL INC 5.625	74,000	$1.855M	0.5%	$24.87	—	PREFERRED	744320805
MCD	MCDONALD'S CORP	7,000	$1.728M	0.5%	$171.84	+31.7%	COM	580135101
—	RAYTHEON TECHNOLGIES CORP - NC	17,400	$1.672M	0.5%	$65.80	—	COM	75513e101
UNP	UNION PACIFIC CORPORATION	7,500	$1.6M	0.5%	$72.17	+189.3%	COM	907818108
CI	CIGNA CORP (ACQUIRED EXPRESS S	5,932	$1.563M	0.4%	$190.77	+26.5%	COM	125523100
TXN	TEXAS INSTRUMENTS INC.	10,000	$1.537M	0.4%	$25.31	+496.6%	COM	882508104
AMAT	APPLIED MATERIALS INC	16,575	$1.508M	0.4%	$106.08	0.0%	COM	038222105
—	PROMETHEUS BIOSCIENCES, INC.	50,047	$1.413M	0.4%	$34.52	—	COM	74349u108
CLX	CLOROX COMPANY (THE)	10,000	$1.41M	0.4%	$149.37	-15.3%	COM	189054109
—	ALLEGHANY CORP	1,594	$1.328M	0.4%	$383.31	—	COM	017175100
—	REXFORD INDUSTRIAL REALTY, INC	21,000	$1.209M	0.3%	$13.81	—	COM	76169c100
CAT	CATERPILLAR INC.	6,700	$1.198M	0.3%	$111.53	+76.9%	COM	149123101
PSX	PHILLIPS 66	12,600	$1.033M	0.3%	$51.48	+57.2%	COM	718546104
—	BLACKSTONE INC. (THE)	11,000	$1.004M	0.3%	$44.45	—	COM	09260d107
AMZN	AMAZON.COM, INC.	9,260	$984K	0.3%	$123.83	+1.1%	COM	023135106
—	PUBLIC STORAGE 5.15 SER F CAL	40,000	$972K	0.3%	$24.97	—	PREFERRED	74460W685
AVB	AVALONBAY COMMUNITIES, INC REI	5,000	$971K	0.3%	$87.72	+116.3%	COM	053484101
AEP	AMERICAN ELECTRIC POWER	10,000	$959K	0.3%	$30.44	+184.6%	COM	025537101
ABT	ABBOTT LABORATORIES	8,700	$945K	0.3%	$28.85	+267.8%	COM	002824100
NVDA	NVIDIA CORPORATION	6,155	$933K	0.3%	$18.84	0.0%	COM	67066G104
UPS	UNITED PARCEL SERVICE, INC. CL	5,100	$931K	0.3%	$67.80	+126.2%	COM	911312106
—	NOVARTIS AG - ADR	10,750	$909K	0.3%	$81.77	—	COM	66987v109
MS	MORGAN STANLEY	11,400	$867K	0.2%	$39.15	+85.0%	COM	617446448
SYY	SYSCO CORP	10,000	$847K	0.2%	$24.40	+210.3%	COM	871829107
—	KKR & CO. INC.	18,000	$833K	0.2%	$27.28	—	COM	48251w104
—	CROWN CASTLE INTERNATIONAL COR	4,800	$808K	0.2%	$172.08	—	COM	22822v101
ADM	ARCHER-DANIELS-MIDLAND CORP	10,172	$789K	0.2%	$23.37	+235.8%	COM	039483102
—	JPMORGAN CHASE 6.00 CALLABLE	30,000	$766K	0.2%	$26.13	—	PREFERRED	48128b648
PSA	PUBLIC STORAGE - REIT	2,388	$747K	0.2%	$97.16	+197.4%	COM	74460D109
ZBH	ZIMMER BIOMET HOLDINGS(FRMLY Z	6,700	$704K	0.2%	$67.30	+70.7%	COM	98956P102
—	YUM BRANDS INC. (FORMERLY TRIC	6,080	$690K	0.2%	$69.32	—	COM	895953107
—	U.S. BANCORP (FORMERLY FIRST B	14,610	$672K	0.2%	$36.18	—	COM	902973106
—	COCA-COLA EUROPACIFIC PARTNERS	13,000	$671K	0.2%	$45.85	—	COM	g25839104
RIO	RIO TINTO PLC SPONSORED ADR	10,000	$610K	0.2%	$41.05	—	COM	767204100
—	ENERGY TRANSFER LP 7.375 PFD	26,000	$573K	0.2%	$25.27	—	PREFERRED	29273v407
EMR	EMERSON ELECTRIC CO	7,130	$567K	0.2%	$40.02	+104.6%	COM	291011104
—	TRAVELERS COMPANIES, INC.	3,311	$560K	0.2%	$80.04	—	COM	89417e109
BXP	BOSTON PROPERTIES INC. REIT	6,000	$534K	0.2%	$64.00	+40.1%	COM	101121101
AZN	ASTRAZENECA PLC-SPONS ADR	8,000	$529K	0.1%	$41.94	—	COM	046353108
—	CARRIER GLOBAL CORP (UNITED TE	14,400	$514K	0.1%	$22.22	—	COM	14448c104
—	OTIS WORLDWIDE CORP (UNITED TE	7,200	$509K	0.1%	$56.81	—	COM	68902v107
—	VODAFONE GROUP PLC SPONS ADR	32,662	$509K	0.1%	$16.62	—	COM	92857t107
—	FIDELITY NATIONAL INFORMATION	5,364	$492K	0.1%	$42.88	—	COM	31620m106
—	EXPEDIA INC.(IAC/INTERACTIVECO	4,900	$465K	0.1%	$134.34	—	COM	30212p303
TSM	TAIWAN SEMICONDUCTOR MFG CO LT	5,006	$409K	0.1%	$46.54	—	COM	874039100
—	FIDELITY NATIONAL FINANCIAL, I	10,458	$387K	0.1%	$27.73	—	COM	31620r303
—	IAC/INTERACTIVECORP	4,925	$374K	0.1%	$154.11	—	COM	44891n208
EW	EDWARDS LIFESCIENCES CORP.	3,820	$363K	0.1%	$63.68	+62.6%	COM	28176E108
XOM	EXXON MOBIL CORPORATION	4,200	$360K	0.1%	$67.89	+17.2%	COM	30231G102
DRI	DARDEN RESTAURANTS INC.	3,000	$339K	0.1%	$60.40	+83.6%	COM	237194105
BP	BP PLC SPONS ADR	11,642	$330K	0.1%	$40.99	—	COM	055622104
BAX	BAXTER INT'L INC.	4,606	$296K	0.1%	$32.47	+104.6%	COM	071813109
—	YUM CHINA HOLDINGS, INC.	5,853	$284K	0.1%	$39.49	—	COM	98850p109
—	HOWARD HUGHES CORP (THE)(SPINO	4,100	$279K	0.1%	$112.20	—	COM	44267d107
BUD	ANHEUSER-BUSCH INBEV SA/NV - S	5,050	$272K	0.1%	$129.90	—	COM	03524A108
F	FORD MOTOR COMPANY	24,390	$271K	0.1%	$8.12	+29.8%	COM	345370860
RL	RALPH LAUREN CORP (FMLY POLO R	3,000	$269K	0.1%	$87.38	+6.9%	COM	751212101
ALL	ALLSTATE CORP	2,000	$253K	0.1%	$86.64	+38.5%	COM	020002101
—	METLIFE INC.	4,000	$251K	0.1%	$60.75	—	COM	59156r108
CDP	CORPORATE OFFICE PROPERTY TRUS	9,100	$238K	0.1%	$27.25	—	COM	22002T108
SWRAY	SWIRE PACIFIC LTD SPONS ADR RP	40,000	$237K	0.1%	$9.19	—	COM	870794302
CHD	CHURCH & DWIGHT	2,400	$222K	0.1%	$86.37	+4.7%	COM	171340102
—	BLACK KNIGHT INC. (FNF GROUP S	3,206	$210K	0.1%	$65.50	—	COM	09215C105
ORCL	ORACLE CORP	3,000	$210K	0.1%	$60.61	+15.2%	COM	68389X105
—	AEGON NV - NY REG SHRS	36,691	$161K	0.0%	$2.55	—	COM	007924103
TOST	TOAST, INC.	11,800	$153K	0.0%	$22.59	-26.6%	COM	888787108
—	MARKER THERAPEUTICS, INC.	279,000	$92,000	0.0%	$1.04	—	COM	57055L107
—	CREDIT SUISSE GROUP AG - SPON	10,000	$57,000	0.0%	$7.90	—	COM	225401108