WINDWARD CAPITAL MANAGEMENT CO /CA Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CME	CME GROUP INC	112,707 (+34.5%)	$33,288 (+45.4%)	2.7%	$208.34	+38.9%	COM	12572Q105
PEP	PEPSICO INC	129,910 (+17.4%)	$20,174 (+27.0%)	1.6%	$82.55	+87.4%	COM	713448108
PG	PROCTER & GAMBLE CO	143,691 (+9.5%)	$20,755 (+10.4%)	1.7%	$71.95	+110.9%	COM	742718109
PM	PHILIP MORRIS INTL INC	32,539 (+14.5%)	$5,380 (+18.1%)	0.4%	$72.58	+142.4%	COM	718172109
VZ	VERIZON COMMUNICATIONS INC	60,877 (+1.3%)	$3,056 (+24.8%)	0.2%	$29.34	+49.4%	COM	92343V104
PFE	PFIZER INC	73,737 (+1.3%)	$2,071 (+14.3%)	0.2%	$19.13	+36.8%	COM	717081103
KMB	KIMBERLY-CLARK CORP	21,741 (+1.1%)	$2,097 (-3.4%)	0.2%	$93.76	+9.9%	COM	494368103

Exited Positions (6)

FISV FISERV INC 1.1%

Value ($000) $13,161 Shares 195,936 Est. Cost $53.57 Unrealized +19.4%

PCH POTLATCHDELTIC CORPORATION 0.2%

Value ($000) $2,588 Shares 65,059 Est. Cost $53.76 Unrealized —

ADBE ADOBE INC 0.0%

Value ($000) $320 Shares 914 Est. Cost $562.60 Unrealized -48.5%

YUM YUM BRANDS INC 0.0%

Value ($000) $303 Shares 2,003 Est. Cost $128.74 Unrealized +22.2%

TMUS T-MOBILE US INC 0.0%

Value ($000) $287 Shares 1,414 Est. Cost $158.15 Unrealized +26.6%

SBUX STARBUCKS CORP 0.0%

Value ($000) $285 Shares 3,386 Est. Cost $39.89 Unrealized +134.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	195,936	$13,161	1.1%	$53.57	+19.4%	—	337738108
PCH	POTLATCHDELTIC CORPORATION	65,059	$2,588	0.2%	$53.76	—	—	737630103
ADBE	ADOBE INC	914	$320	0.0%	$562.60	-48.5%	—	00724F101
YUM	YUM BRANDS INC	2,003	$303	0.0%	$128.74	+22.2%	—	988498101
TMUS	T-MOBILE US INC	1,414	$287	0.0%	$158.15	+26.6%	—	872590104
SBUX	STARBUCKS CORP	3,386	$285	0.0%	$39.89	+134.7%	—	855244109

Decreased Positions (21)

AAPL APPLE INC 15.8%

Value ($000) $194,002 (-8.1%) Shares 764,418 (-1.6%) Est. Cost $94.82 Unrealized +177.2%

CRM SALESFORCE INC 2.8%

Value ($000) $33,848 (-30.3%) Shares 181,327 (-1.1%) Est. Cost $213.47 Unrealized +1.1%

AMZN AMAZON COM INC 6.3%

Value ($000) $77,089 (-11.0%) Shares 370,141 (-1.3%) Est. Cost $121.44 Unrealized +86.8%

GOOG ALPHABET INC 6.4%

Value ($000) $78,002 (-9.6%) Shares 271,918 (-1.1%) Est. Cost $129.63 Unrealized +149.7%

COST COSTCO WHOLESALE CORPORATION 5.3%

Value ($000) $65,417 (+14.0%) Shares 65,652 (-1.4%) Est. Cost $532.21 Unrealized +81.1%

GOOGL ALPHABET INC 6.3%

Value ($000) $77,952 (-9.2%) Shares 271,081 (-1.2%) Est. Cost $129.04 Unrealized +150.5%

TMO THERMO FISHER SCIENTIFIC INC 1.3%

Value ($000) $15,885 (-16.7%) Shares 32,317 (-1.8%) Est. Cost $462.42 Unrealized +24.3%

DHI D R HORTON INC 2.0%

Value ($000) $24,384 (-6.2%) Shares 177,701 (-1.6%) Est. Cost $117.28 Unrealized +33.0%

ASML ASML HLDG NV 0.6%

Value ($000) $7,381 (+21.1%) Shares 5,588 (-1.9%) Est. Cost $970.47 Unrealized —

RTX RTX CORPORATION 2.1%

Value ($000) $25,768 (+4.0%) Shares 133,584 (-1.1%) Est. Cost $81.66 Unrealized +140.8%

ROP ROPER TECHNOLOGIES INC 0.0%

Value ($000) $299 (-49.1%) Shares 845 (-35.9%) Est. Cost $541.66 Unrealized -30.2%

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $298 (-44.8%) Shares 1,856 (-36.6%) Est. Cost $172.63 Unrealized -0.3%

A AGILENT TECHNOLOGIES INC 0.0%

Value ($000) $267 (-46.1%) Shares 2,343 (-35.7%) Est. Cost $135.18 Unrealized -0.3%

TSCO TRACTOR SUPPLY CO 0.0%

Value ($000) $254 (-42.5%) Shares 5,607 (-36.5%) Est. Cost $53.44 Unrealized -1.3%

WAB WABTEC 0.0%

Value ($000) $368 (-26.1%) Shares 1,473 (-36.9%) Est. Cost $134.20 Unrealized +78.0%

MUFG MITSUBISHI UFJ FINANCIAL GRO 0.0%

Value ($000) $204 (-30.4%) Shares 12,013 (-35.0%) Est. Cost $0.01 Unrealized —

ROST ROSS STORES INC 0.0%

Value ($000) $265 (-24.7%) Shares 1,224 (-37.4%) Est. Cost $140.37 Unrealized +37.1%

KEYS KEYSIGHT TECHNOLOGIES INC 0.0%

Value ($000) $575 (-12.2%) Shares 2,038 (-36.8%) Est. Cost $153.78 Unrealized +48.4%

APD AIR PRODUCTS AND CHEMICALS I 0.0%

Value ($000) $214 (-25.3%) Shares 737 (-36.5%) Est. Cost $240.63 Unrealized +12.8%

UNP UNION PAC CORP 0.4%

Value ($000) $4,560 (+0.7%) Shares 18,794 (-4.0%) Est. Cost $170.86 Unrealized +42.4%

STX SEAGATE TECHNOLOGY HLDNGS PL 1.2%

Value ($000) $14,394 (+0.0%) Shares 36,741 (-29.7%) Est. Cost $60.26 Unrealized +524.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	764,418 (-1.6%)	$194,002 (-8.1%)	15.8%	$94.82	+177.2%	COM	037833100
CRM	SALESFORCE INC	181,327 (-1.1%)	$33,848 (-30.3%)	2.8%	$213.47	+1.1%	COM	79466L302
AMZN	AMAZON COM INC	370,141 (-1.3%)	$77,089 (-11.0%)	6.3%	$121.44	+86.8%	COM	023135106
GOOG	ALPHABET INC	271,918 (-1.1%)	$78,002 (-9.6%)	6.4%	$129.63	+149.7%	CAP STK CL C	02079K107
COST	COSTCO WHOLESALE CORPORATION	65,652 (-1.4%)	$65,417 (+14.0%)	5.3%	$532.21	+81.1%	COM	22160K105
GOOGL	ALPHABET INC	271,081 (-1.2%)	$77,952 (-9.2%)	6.3%	$129.04	+150.5%	CAP STK CL A	02079K305
TMO	THERMO FISHER SCIENTIFIC INC	32,317 (-1.8%)	$15,885 (-16.7%)	1.3%	$462.42	+24.3%	COM	883556102
DHI	D R HORTON INC	177,701 (-1.6%)	$24,384 (-6.2%)	2.0%	$117.28	+33.0%	COM	23331A109
ASML	ASML HLDG NV	5,588 (-1.9%)	$7,381 (+21.1%)	0.6%	$970.47	—	N Y REGISTRY SHS	N07059210
RTX	RTX CORPORATION	133,584 (-1.1%)	$25,768 (+4.0%)	2.1%	$81.66	+140.8%	COM	75513E101
ROP	ROPER TECHNOLOGIES INC	845 (-35.9%)	$299 (-49.1%)	0.0%	$541.66	-30.2%	COM	776696106
PANW	PALO ALTO NETWORKS INC	1,856 (-36.6%)	$298 (-44.8%)	0.0%	$172.63	-0.3%	COM	697435105
A	AGILENT TECHNOLOGIES INC	2,343 (-35.7%)	$267 (-46.1%)	0.0%	$135.18	-0.3%	COM	00846U101
TSCO	TRACTOR SUPPLY CO	5,607 (-36.5%)	$254 (-42.5%)	0.0%	$53.44	-1.3%	COM	892356106
WAB	WABTEC	1,473 (-36.9%)	$368 (-26.1%)	0.0%	$134.20	+78.0%	COM	929740108
MUFG	MITSUBISHI UFJ FINANCIAL GRO	12,013 (-35.0%)	$204 (-30.4%)	0.0%	$0.01	—	SPONSORED ADS	606822104
ROST	ROSS STORES INC	1,224 (-37.4%)	$265 (-24.7%)	0.0%	$140.37	+37.1%	COM	778296103
KEYS	KEYSIGHT TECHNOLOGIES INC	2,038 (-36.8%)	$575 (-12.2%)	0.0%	$153.78	+48.4%	COM	49338L103
APD	AIR PRODUCTS AND CHEMICALS I	737 (-36.5%)	$214 (-25.3%)	0.0%	$240.63	+12.8%	COM	009158106
UNP	UNION PAC CORP	18,794 (-4.0%)	$4,560 (+0.7%)	0.4%	$170.86	+42.4%	COM	907818108
STX	SEAGATE TECHNOLOGY HLDNGS PL	36,741 (-29.7%)	$14,394 (+0.0%)	1.2%	$60.26	+524.7%	ORD SHS	G7997R103

Unchanged Positions (39)

TER TERADYNE INC 2.4%

Value ($000) $29,336 Shares 98,955 Est. Cost $105.54 Unrealized +151.9%

ACN ACCENTURE PLC IRELAND 1.9%

Value ($000) $23,529 Shares 118,660 Est. Cost $304.36 Unrealized -16.8%

LMT LOCKHEED MARTIN CORP 2.7%

Value ($000) $32,897 Shares 54,430 Est. Cost $233.54 Unrealized +157.3%

LIN LINDE PLC 3.4%

Value ($000) $41,253 Shares 83,212 Est. Cost $369.03 Unrealized +24.6%

NEE NEXTERA ENERGY INC 3.2%

Value ($000) $39,059 Shares 420,530 Est. Cost $64.42 Unrealized +35.3%

BLK BLACKROCK INC 2.9%

Value ($000) $35,835 Shares 37,262 Est. Cost $991.05 Unrealized +10.7%

NKE NIKE INC 1.3%

Value ($000) $15,685 Shares 296,945 Est. Cost $47.79 Unrealized +33.9%

MSFT MICROSOFT CORP 0.8%

Value ($000) $9,440 Shares 25,502 Est. Cost $114.61 Unrealized +279.2%

DIS DISNEY WALT CO 1.2%

Value ($000) $14,919 Shares 154,797 Est. Cost $107.36 Unrealized +1.9%

CVS CVS HEALTH CORP 1.7%

Value ($000) $20,551 Shares 286,145 Est. Cost $53.70 Unrealized +45.2%

MAR MARRIOTT INTL INC NEW 2.8%

Value ($000) $34,107 Shares 104,281 Est. Cost $60.03 Unrealized +451.0%

CMI CUMMINS INC 2.3%

Value ($000) $28,250 Shares 52,509 Est. Cost $97.43 Unrealized +490.7%

DE DEERE & CO 0.6%

Value ($000) $7,949 Shares 14,111 Est. Cost $127.58 Unrealized +332.2%

Q QNITY ELECTRONICS INC 0.3%

Value ($000) $4,289 Shares 37,176 Est. Cost $84.91 Unrealized +19.2%

CTVA CORTEVA INC 0.5%

Value ($000) $6,092 Shares 72,778 Est. Cost $51.53 Unrealized +41.2%

ADP AUTOMATIC DATA PROCESSING IN 0.3%

Value ($000) $4,177 Shares 20,560 Est. Cost $109.02 Unrealized +120.9%

IBM INTERNATIONAL BUSINESS MACHS 0.4%

Value ($000) $5,220 Shares 21,537 Est. Cost $105.49 Unrealized +169.2%

LYB LYONDELLBASELL INDUSTRIES NV 0.2%

Value ($000) $2,382 Shares 29,568 Est. Cost $80.74 Unrealized -35.1%

ZTS ZOETIS INC 1.3%

Value ($000) $15,973 Shares 135,126 Est. Cost $176.93 Unrealized -28.8%

TJX TJX COS INC NEW 2.5%

Value ($000) $30,175 Shares 188,948 Est. Cost $41.79 Unrealized +269.0%

WMT WALMART INC 0.7%

Value ($000) $8,857 Shares 71,266 Est. Cost $46.80 Unrealized +160.8%

DUK DUKE ENERGY CORP NEW 0.7%

Value ($000) $8,324 Shares 63,572 Est. Cost $83.97 Unrealized +44.0%

DOW DOW HLDGS INC 0.2%

Value ($000) $1,986 Shares 47,672 Est. Cost $41.55 Unrealized -30.1%

BA BOEING CO 0.7%

Value ($000) $8,384 Shares 42,126 Est. Cost $244.39 Unrealized -2.4%

OTIS OTIS WORLDWIDE CORP 0.5%

Value ($000) $5,643 Shares 73,205 Est. Cost $82.19 Unrealized +8.9%

T AT&T INC 0.4%

Value ($000) $4,378 Shares 151,026 Est. Cost $13.04 Unrealized +97.5%

ETN EATON CORP PLC 0.5%

Value ($000) $5,750 Shares 16,077 Est. Cost $213.47 Unrealized +65.7%

CNI CANADIAN NATL RY CO 1.4%

Value ($000) $17,638 Shares 171,628 Est. Cost $77.18 Unrealized +32.3%

WELL WELLTOWER INC 0.7%

Value ($000) $8,514 Shares 43,064 Est. Cost $79.33 Unrealized +135.7%

AMGN AMGEN INC 0.6%

Value ($000) $7,303 Shares 20,755 Est. Cost $121.58 Unrealized +187.6%

CARR CARRIER GLOBAL CORPORATION 0.7%

Value ($000) $8,018 Shares 142,382 Est. Cost $53.44 Unrealized +11.6%

DD DUPONT DE NEMOURS INC 0.3%

Value ($000) $3,440 Shares 75,105 Est. Cost $29.88 Unrealized +54.3%

MRK MERCK & CO INC 0.3%

Value ($000) $3,139 Shares 26,092 Est. Cost $100.60 Unrealized +13.6%

WM WASTE MGMT INC DEL 0.5%

Value ($000) $6,244 Shares 27,172 Est. Cost $156.02 Unrealized +44.9%

CMCSA COMCAST CORP NEW 0.6%

Value ($000) $7,028 Shares 244,801 Est. Cost $41.49 Unrealized -28.1%

HD HOME DEPOT INC 0.3%

Value ($000) $4,078 Shares 12,400 Est. Cost $155.11 Unrealized +143.0%

WY WEYERHAEUSER CO 0.2%

Value ($000) $2,319 Shares 94,931 Est. Cost $22.55 Unrealized +5.5%

EMR EMERSON ELEC CO 0.4%

Value ($000) $4,381 Shares 33,438 Est. Cost $53.29 Unrealized +178.6%

CI THE CIGNA GROUP 0.0%

Value ($000) $312 Shares 1,170 Est. Cost $279.23 Unrealized +0.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TER	TERADYNE INC	98,955	$29,336	2.4%	$105.54	+151.9%	COM	880770102
ACN	ACCENTURE PLC IRELAND	118,660	$23,529	1.9%	$304.36	-16.8%	SHS CLASS A	G1151C101
LMT	LOCKHEED MARTIN CORP	54,430	$32,897	2.7%	$233.54	+157.3%	COM	539830109
LIN	LINDE PLC	83,212	$41,253	3.4%	$369.03	+24.6%	SHS	G54950103
NEE	NEXTERA ENERGY INC	420,530	$39,059	3.2%	$64.42	+35.3%	COM	65339F101
BLK	BLACKROCK INC	37,262	$35,835	2.9%	$991.05	+10.7%	COM	09290D101
NKE	NIKE INC	296,945	$15,685	1.3%	$47.79	+33.9%	CL B	654106103
MSFT	MICROSOFT CORP	25,502	$9,440	0.8%	$114.61	+279.2%	COM	594918104
DIS	DISNEY WALT CO	154,797	$14,919	1.2%	$107.36	+1.9%	COM	254687106
CVS	CVS HEALTH CORP	286,145	$20,551	1.7%	$53.70	+45.2%	COM	126650100
MAR	MARRIOTT INTL INC NEW	104,281	$34,107	2.8%	$60.03	+451.0%	CL A	571903202
CMI	CUMMINS INC	52,509	$28,250	2.3%	$97.43	+490.7%	COM	231021106
DE	DEERE & CO	14,111	$7,949	0.6%	$127.58	+332.2%	COM	244199105
Q	QNITY ELECTRONICS INC	37,176	$4,289	0.3%	$84.91	+19.2%	COMMON STOCK	74743L100
CTVA	CORTEVA INC	72,778	$6,092	0.5%	$51.53	+41.2%	COM	22052L104
ADP	AUTOMATIC DATA PROCESSING IN	20,560	$4,177	0.3%	$109.02	+120.9%	COM	053015103
IBM	INTERNATIONAL BUSINESS MACHS	21,537	$5,220	0.4%	$105.49	+169.2%	COM	459200101
LYB	LYONDELLBASELL INDUSTRIES NV	29,568	$2,382	0.2%	$80.74	-35.1%	SHS - A -	N53745100
ZTS	ZOETIS INC	135,126	$15,973	1.3%	$176.93	-28.8%	CL A	98978V103
TJX	TJX COS INC NEW	188,948	$30,175	2.5%	$41.79	+269.0%	COM	872540109
WMT	WALMART INC	71,266	$8,857	0.7%	$46.80	+160.8%	COM	931142103
DUK	DUKE ENERGY CORP NEW	63,572	$8,324	0.7%	$83.97	+44.0%	COM NEW	26441C204
DOW	DOW HLDGS INC	47,672	$1,986	0.2%	$41.55	-30.1%	COM	260557103
BA	BOEING CO	42,126	$8,384	0.7%	$244.39	-2.4%	COM	097023105
OTIS	OTIS WORLDWIDE CORP	73,205	$5,643	0.5%	$82.19	+8.9%	COM	68902V107
T	AT&T INC	151,026	$4,378	0.4%	$13.04	+97.5%	COM	00206R102
ETN	EATON CORP PLC	16,077	$5,750	0.5%	$213.47	+65.7%	SHS	G29183103
CNI	CANADIAN NATL RY CO	171,628	$17,638	1.4%	$77.18	+32.3%	COM	136375102
WELL	WELLTOWER INC	43,064	$8,514	0.7%	$79.33	+135.7%	COM	95040Q104
AMGN	AMGEN INC	20,755	$7,303	0.6%	$121.58	+187.6%	COM	031162100
CARR	CARRIER GLOBAL CORPORATION	142,382	$8,018	0.7%	$53.44	+11.6%	COM	14448C104
DD	DUPONT DE NEMOURS INC	75,105	$3,440	0.3%	$29.88	+54.3%	COM	26614N102
MRK	MERCK & CO INC	26,092	$3,139	0.3%	$100.60	+13.6%	COM	58933Y105
WM	WASTE MGMT INC DEL	27,172	$6,244	0.5%	$156.02	+44.9%	COM	94106L109
CMCSA	COMCAST CORP NEW	244,801	$7,028	0.6%	$41.49	-28.1%	CL A	20030N101
HD	HOME DEPOT INC	12,400	$4,078	0.3%	$155.11	+143.0%	COM	437076102
WY	WEYERHAEUSER CO	94,931	$2,319	0.2%	$22.55	+5.5%	COM NEW	962166104
EMR	EMERSON ELEC CO	33,438	$4,381	0.4%	$53.29	+178.6%	COM	291011104
CI	THE CIGNA GROUP	1,170	$312	0.0%	$279.23	+0.5%	COM	125523100