Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC.	288,743	$47.61M	12.8%	$83.83	+73.5%	—	037833100
CVX	CHEVRON CORP	115,136	$18.79M	5.1%	$70.02	+112.0%	—	166764100
MRK	MERCK & CO., INC.	134,570	$14.32M	3.9%	$35.76	+176.0%	—	58933Y105
PG	PROCTER & GAMBLE CO	75,109	$11.17M	3.0%	$56.77	+134.6%	—	742718109
PM	PHILIP MORRIS INTERNATIONAL-AL	112,506	$10.94M	2.9%	$49.85	+74.4%	—	718172109
KO	COCA-COLA CO	171,880	$10.66M	2.9%	$29.07	+90.6%	—	191216100
NKE	NIKE, INC. CL B	78,570	$9.636M	2.6%	$47.39	+146.2%	—	654106103
TGT	TARGET CORP-FRMLY DAYTON HUDSO	55,755	$9.235M	2.5%	$59.36	+150.4%	—	87612E106
JPM	JPMORGAN CHASE & CO.	67,431	$8.787M	2.4%	$38.96	+228.9%	—	46625H100
BRK/A	BERKSHIRE HATHAWAY INC. CL A	18	$8.381M	2.3%	$165023.42	+182.9%	—	084670108
DEO	DIAGEO PLC ADR	45,040	$8.16M	2.2%	$113.73	—	—	25243Q205
PEP	PEPSICO	42,009	$7.658M	2.1%	$56.00	+183.4%	—	713448108
MSFT	MICROSOFT CORPORATION	24,279	$7M	1.9%	$153.22	+62.8%	—	594918104
—	IRON MOUNTAIN INC. REIT	131,600	$6.963M	1.9%	$31.99	—	—	46284v101
—	ABBVIE INC.	43,500	$6.933M	1.9%	$71.60	—	—	00287y109
GOOG	ALPHABET INC. CL C	65,540	$6.816M	1.8%	$107.21	-10.6%	—	02079K107
BRK/B	BERKSHIRE HATHAWAY INC. CL B	20,518	$6.335M	1.7%	$206.19	+49.5%	—	084670702
JNJ	JOHNSON & JOHNSON	40,815	$6.326M	1.7%	$69.26	+113.5%	—	478160104
PFE	PFIZER, INC.	141,575	$5.776M	1.6%	$17.77	+105.7%	—	717081103
HD	HOME DEPOT	19,550	$5.77M	1.6%	$56.05	+407.8%	—	437076102
—	ZOETIS INC.	33,900	$5.642M	1.5%	$30.88	—	—	98978v103
—	PROMETHEUS BIOSCIENCES, INC.	50,414	$5.41M	1.5%	$35.00	—	—	74349u108
DIS	DISNEY WALT CO	53,975	$5.405M	1.5%	$95.05	+3.6%	—	254687106
GIS	GENERAL MILLS, INC.	56,000	$4.786M	1.3%	$34.14	+110.8%	—	370334104
SKT	TANGER FACTORY OUTLET REIT	238,150	$4.675M	1.3%	$10.85	—	—	875465106
MO	ALTRIA GROUP INC.	103,626	$4.624M	1.2%	$22.36	+62.3%	—	02209S103
L	LOEWS CORP	77,917	$4.521M	1.2%	$42.08	+39.5%	—	540424108
KMI	KINDER MORGAN, INC.	245,220	$4.294M	1.2%	$11.69	+30.3%	—	49456B101
BMY	BRISTOL-MYERS SQUIBB CO	60,224	$4.174M	1.1%	$31.01	+98.3%	—	110122108
—	GENERAL MOTORS COMPANY	112,840	$4.139M	1.1%	$20.73	—	—	37045v100
IBM	INTERNATIONAL BUSINESS MACHINE	31,452	$4.123M	1.1%	$117.45	+2.8%	—	459200101
EPD	ENTERPRISE PRODUCTS PARTNERS,	156,560	$4.055M	1.1%	$23.47	—	—	293792107
WMT	WALMART INC.	26,800	$3.952M	1.1%	$19.98	+129.1%	—	931142103
RHHBY	ROCHE HOLDING LTD ADR	108,000	$3.873M	1.0%	$48.21	—	—	771195104
VZ	VERIZON COMMUNICATIONS INC.	98,559	$3.833M	1.0%	$34.36	-4.8%	—	92343V104
—	AON PLC	11,618	$3.663M	1.0%	$64.38	—	—	037389103
BOH	BANK OF HAWAII CORPORATION	63,240	$3.294M	0.9%	$49.60	+22.6%	—	062540109
VICI	VICI PROPERTIES INC. (REIT)	100,150	$3.267M	0.9%	$22.68	+23.9%	—	925652109
MDLZ	MONDELEZ INTL INC.(FMRLY KRAFT	45,500	$3.172M	0.9%	$23.16	+163.9%	—	609207105
CB	CHUBB LIMITED (FRMLY ACE LIMIT	14,906	$2.894M	0.8%	$94.35	+114.9%	—	H1467J104
—	ORGANON & CO. (MERCK SPIN OFF)	109,955	$2.586M	0.7%	$20.52	—	—	68622v106
STZ	CONSTELLATION BRANDS, INC.	10,875	$2.457M	0.7%	$155.04	+36.1%	—	21036P108
AMZN	AMAZON.COM, INC.	23,595	$2.437M	0.7%	$104.34	-7.4%	—	023135106
—	TOTALENERGIES SE ADR (FRMRLY T	40,795	$2.409M	0.6%	$48.47	—	—	89151E109
NVDA	NVIDIA CORPORATION	8,205	$2.279M	0.6%	$20.59	+5.0%	—	67066G104
DLR	DIGITAL REALTY TRUST, INC. REI	22,840	$2.245M	0.6%	$95.33	0.0%	—	253868103
SRE	SEMPRA ENERGY	14,500	$2.192M	0.6%	$42.21	+65.3%	—	816851109
BTI	BRITISH AMERICAN TOBACCO PLC -	61,864	$2.173M	0.6%	$38.40	—	—	110448107
—	CONOCOPHILLIPS	21,700	$2.153M	0.6%	$64.70	—	—	20825c104
NSRGY	NESTLE SA - SPON ADR	17,000	$2.069M	0.6%	$79.48	—	—	641069406
KMB	KIMBERLY-CLARK	14,700	$1.973M	0.5%	$64.11	+81.3%	—	494368103
MCD	MCDONALD'S CORP	7,000	$1.957M	0.5%	$171.84	+45.8%	—	580135101
TXN	TEXAS INSTRUMENTS INC.	10,000	$1.86M	0.5%	$25.31	+537.5%	—	882508104
—	PRUDENTIAL FINANCIAL INC 5.625	74,000	$1.85M	0.5%	$24.87	—	—	744320805
—	RAYTHEON TECHNOLGIES CORP - NC	17,400	$1.704M	0.5%	$65.80	—	—	75513e101
BPY 6.5 PERP A-1	BROOKFIELD PRPTY PTNRS LP 6.5	100,000	$1.591M	0.4%	$24.83	—	—	G16249149
CAT	CATERPILLAR INC.	6,700	$1.533M	0.4%	$111.53	+106.8%	—	149123101
CI	CIGNA CORP (ACQUIRED EXPRESS S	5,932	$1.516M	0.4%	$190.77	+44.8%	—	125523100
UNP	UNION PACIFIC CORPORATION	7,500	$1.509M	0.4%	$72.17	+162.4%	—	907818108
XOM	EXXON MOBIL CORPORATION	11,700	$1.283M	0.3%	$76.52	+30.9%	—	30231G102
PSX	PHILLIPS 66	12,600	$1.277M	0.3%	$51.48	+78.0%	—	718546104
—	REXFORD INDUSTRIAL REALTY, INC	21,000	$1.253M	0.3%	$13.81	—	—	76169c100
EW	EDWARDS LIFESCIENCES CORP.	13,370	$1.106M	0.3%	$73.24	+7.3%	—	28176E108
MS	MORGAN STANLEY	11,400	$1.001M	0.3%	$39.15	+116.7%	—	617446448
—	NOVARTIS AG - ADR	10,750	$989K	0.3%	$81.77	—	—	66987v109
UPS	UNITED PARCEL SERVICE, INC. CL	5,100	$989K	0.3%	$67.80	+133.3%	—	911312106
—	BLACKSTONE INC. (THE)	11,000	$966K	0.3%	$44.45	—	—	09260d107
—	PUBLIC STORAGE 5.15 SER F CAL	40,000	$959K	0.3%	$24.97	—	—	74460W685
—	KKR & CO. INC.	18,000	$945K	0.3%	$27.28	—	—	48251w104
AEP	AMERICAN ELECTRIC POWER	10,000	$910K	0.2%	$30.44	+169.5%	—	025537101
ABT	ABBOTT LABORATORIES	8,700	$881K	0.2%	$28.85	+246.7%	—	002824100
ZBH	ZIMMER BIOMET HOLDINGS(FRMLY Z	6,700	$866K	0.2%	$67.30	+81.8%	—	98956P102
AVB	AVALONBAY COMMUNITIES, INC REI	5,000	$840K	0.2%	$87.72	+75.0%	—	053484101
ADM	ARCHER-DANIELS-MIDLAND CORP	10,172	$810K	0.2%	$23.37	+218.4%	—	039483102
—	YUM BRANDS INC. (FORMERLY TRIC	6,080	$803K	0.2%	$69.32	—	—	895953107
SYY	SYSCO CORP	10,000	$772K	0.2%	$24.40	+189.6%	—	871829107
—	COCA-COLA EUROPACIFIC PARTNERS	13,000	$769K	0.2%	$45.85	—	—	g25839104
—	JPMORGAN CHASE 6.00 CALLABLE	30,000	$755K	0.2%	$26.13	—	—	48128b648
PSA	PUBLIC STORAGE - REIT	2,388	$722K	0.2%	$97.16	+168.2%	—	74460D109
RIO	RIO TINTO PLC SPONSORED ADR	10,000	$686K	0.2%	$41.05	—	—	767204100
—	CARRIER GLOBAL CORP (UNITED TE	14,400	$659K	0.2%	$22.22	—	—	14448c104
—	CROWN CASTLE INTERNATIONAL COR	4,800	$642K	0.2%	$0.13	—	—	22822v101
—	FIRST REPUBLIC BANK	44,760	$626K	0.2%	$0.01	—	—	33616c100
—	ENERGY TRANSFER LP 7.375 PFD	26,000	$623K	0.2%	$9.73	—	—	29273v407
EMR	EMERSON ELECTRIC CO	7,130	$621K	0.2%	$40.02	+106.4%	—	291011104
—	OTIS WORLDWIDE CORP (UNITED TE	7,200	$608K	0.2%	$56.81	—	—	68902v107
—	TRAVELERS COMPANIES, INC.	3,264	$559K	0.2%	$80.04	—	—	89417e109
AZN	ASTRAZENECA PLC-SPONS ADR	8,000	$555K	0.1%	$41.94	—	—	046353108
—	U.S. BANCORP (FORMERLY FIRST B	14,610	$527K	0.1%	$36.18	—	—	902973106
—	EXPEDIA INC.(IAC/INTERACTIVECO	4,900	$475K	0.1%	$134.34	—	—	30212p303
TSM	TAIWAN SEMICONDUCTOR MFG CO LT	5,006	$466K	0.1%	$46.54	—	—	874039100
DRI	DARDEN RESTAURANTS INC.	3,000	$465K	0.1%	$60.40	+123.7%	—	237194105
BP	BP PLC SPONS ADR	11,642	$442K	0.1%	$40.99	—	—	055622104
AMAT	APPLIED MATERIALS INC	3,075	$378K	0.1%	$105.93	+5.6%	—	038222105
—	YUM CHINA HOLDINGS, INC.	5,853	$371K	0.1%	$39.49	—	—	98850p109
—	FIDELITY NATIONAL FINANCIAL, I	10,458	$365K	0.1%	$27.73	—	—	31620r303
—	VODAFONE GROUP PLC SPONS ADR	32,662	$361K	0.1%	$0.01	—	—	92857w308
RL	RALPH LAUREN CORP (FMLY POLO R	3,000	$350K	0.1%	$87.38	+28.0%	—	751212101
—	HOWARD HUGHES CORP (THE SPINO	4,100	$328K	0.1%	$112.20	—	—	44267d107
BXP	BOSTON PROPERTIES INC. REIT	6,000	$325K	0.1%	$64.00	-14.2%	—	101121101
SWRAY	SWIRE PACIFIC LTD SPONS ADR RP	40,000	$304K	0.1%	$9.19	—	—	870794302
—	FIDELITY NATIONAL INFORMATION	5,364	$291K	0.1%	$42.88	—	—	31620m106
ORCL	ORACLE CORP	3,000	$279K	0.1%	$73.20	+15.8%	—	68389X105
—	IAC INC.	4,925	$254K	0.1%	$154.11	—	—	44891n208
—	METLIFE INC.	4,000	$232K	0.1%	$60.75	—	—	59156r108
ALL	ALLSTATE CORP	2,000	$222K	0.1%	$86.64	+36.4%	—	020002101
A	AGILENT TECHNOLOGIES, INC.(SPU	1,593	$220K	0.1%	$139.69	+2.5%	—	00846U101
CDP	CORPORATE OFFICE PROPERTY TRUS	9,100	$216K	0.1%	$27.25	—	—	22002T108
CHD	CHURCH & DWIGHT	2,400	$212K	0.1%	$80.68	0.0%	—	171340102
TOST	TOAST, INC.	11,800	$209K	0.1%	$19.72	0.0%	—	888787108
—	AEGON NV - NY REG SHRS	36,691	$158K	0.0%	$2.55	—	—	007924103
—	MARKER THERAPEUTICS, INC.	40,700	$29,000	0.0%	$0.00	—	—	57055L107