FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	13,876 (+4.9%)	$9,159 (-5.7%)	0.9%	$508.16	+31.3%	COM	30303M102
—	BROADCOM LTD	2,902 (+23.1%)	$1,004 (+29.2%)	0.1%	$254.09	—	COM	Y09827109
VEA	VANGUARD FTSE DEVELOPED MARKET	23,263 (+10.0%)	$1,453 (+14.7%)	0.1%	$44.81	—	COM	921943858
MDLZ	MONDELEZ INTL INC	20,084 (+1.3%)	$1,081 (-12.7%)	0.1%	$57.67	-1.1%	COM	609207105
NVDA	NVIDIA CORP	61,097 (+1.4%)	$11,395 (+1.4%)	1.2%	$95.94	+94.0%	COM	67066G104
AEP	AMERICAN ELECTRIC POWER	3,379 (+16.4%)	$390 (+19.3%)	0.0%	$82.29	+43.0%	COM	025537101
VWO	VANGUARD EMERGING MARKETS ETF	11,184 (+10.5%)	$601 (+9.6%)	0.1%	$43.82	—	COM	922042858
PEG	PUBLIC SERVICE ENTERPRISE GROU	4,460 (+21.0%)	$358 (+16.4%)	0.0%	$34.30	+136.4%	COM	744573106
ENB	ENBRIDGE INC.	18,616 (+1.1%)	$892 (-4.0%)	0.1%	$25.35	+85.8%	COM	29250N105
T	AT&T CORP NEW	17,407 (+5.2%)	$432 (-7.5%)	0.0%	$12.63	+100.2%	COM	00206R102
DUK	DUKE ENERGY CORP	10,913 (+2.8%)	$1,279 (-2.6%)	0.1%	$50.76	+139.5%	COM	26441C204
NKE	NIKE INC CLASS B	5,021 (+5.7%)	$320 (-3.4%)	0.0%	$94.57	-31.4%	COM	654106103
COST	COSTCO CO INC	541 (+9.5%)	$467 (+2.0%)	0.0%	$528.17	+71.5%	COM	22160K105
XLU	SELECT SECTOR SPDR TR UTILITIE	6,000 (+100.0%)	$256 (-2.1%)	0.0%	$55.41	—	COM	81369Y886

Exited Positions (7)

— KELLANOVA 0.1%

Value ($000) $1,030 Shares 12,561 Est. Cost $39.63 Unrealized +108.6%

PKG PACKAGING CORP OF AMERICA 0.1%

Value ($000) $748 Shares 3,430 Est. Cost $204.01 Unrealized -0.8%

FISV FISERV INC 0.0%

Value ($000) $375 Shares 2,905 Est. Cost $73.47 Unrealized +14.1%

CADNF CASCADE INC COM 0.0%

Value ($000) $360 Shares 52,000 Est. Cost $6.96 Unrealized +19.5%

LPX LOUISIANA PAC CORP 0.0%

Value ($000) $212 Shares 2,384 Est. Cost $94.32 Unrealized -10.4%

FAST FASTENAL CO 0.0%

Value ($000) $210 Shares 4,280 Est. Cost $46.94 Unrealized -10.5%

HPQ HP INC 0.0%

Value ($000) $206 Shares 7,580 Est. Cost $26.14 Unrealized -3.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	KELLANOVA	12,561	$1,030	0.1%	$39.63	+108.6%	—	487836108
PKG	PACKAGING CORP OF AMERICA	3,430	$748	0.1%	$204.01	-0.8%	—	695156109
FISV	FISERV INC	2,905	$375	0.0%	$73.47	+14.1%	—	337738108
CADNF	CASCADE INC COM	52,000	$360	0.0%	$6.96	+19.5%	—	146900105
LPX	LOUISIANA PAC CORP	2,384	$212	0.0%	$94.32	-10.4%	—	546347105
FAST	FASTENAL CO	4,280	$210	0.0%	$46.94	-10.5%	—	311900104
HPQ	HP INC	7,580	$206	0.0%	$26.14	-3.4%	—	40434L105

Decreased Positions (38)

GOOG ALPHABET INC NON-VOTING CL C 3.7%

Value ($000) $36,031 (+27.2%) Shares 114,820 (-1.2%) Est. Cost $108.13 Unrealized +164.8%

RTX RTX CORP. 1.7%

Value ($000) $16,354 (+8.5%) Shares 89,173 (-1.1%) Est. Cost $58.76 Unrealized +195.0%

ORCL ORACLE CORP 0.1%

Value ($000) $1,153 (-32.3%) Shares 5,914 (-2.3%) Est. Cost $34.80 Unrealized +584.1%

WTRG ESSENTIAL UTILITIES INC 0.8%

Value ($000) $7,791 (-5.5%) Shares 203,103 (-1.7%) Est. Cost $45.58 Unrealized -13.7%

HD HOME DEPOT 0.2%

Value ($000) $1,825 (-17.3%) Shares 5,304 (-2.6%) Est. Cost $129.64 Unrealized +181.2%

VO VANGUARD MID CAP ETF 0.9%

Value ($000) $9,096 (-2.9%) Shares 31,342 (-1.7%) Est. Cost $124.62 Unrealized —

CRM SALESFORCE.COM INC 0.3%

Value ($000) $2,721 (+9.7%) Shares 10,271 (-1.9%) Est. Cost $270.22 Unrealized -8.2%

KIM KIMCO REALTY CORP REIT 0.1%

Value ($000) $1,103 (-11.6%) Shares 54,423 (-4.7%) Est. Cost $17.47 Unrealized +17.7%

TROW T ROWE PRICE GROUP INC. 0.9%

Value ($000) $9,007 (-1.6%) Shares 87,972 (-1.3%) Est. Cost $51.84 Unrealized +97.1%

VZ VERIZON COMMUNICATIONS 0.1%

Value ($000) $1,178 (-10.9%) Shares 28,912 (-3.9%) Est. Cost $31.92 Unrealized +26.8%

SYY SYSCO CORPORATION 0.1%

Value ($000) $798 (-13.9%) Shares 10,835 (-3.8%) Est. Cost $28.68 Unrealized +163.3%

BRK/B BERKSHIRE HATHAWAY INC DEL CLA 0.4%

Value ($000) $3,889 (-3.0%) Shares 7,736 (-3.0%) Est. Cost $300.94 Unrealized +65.3%

IBM INTERNATIONAL BUSINESS MACHINE 0.3%

Value ($000) $3,387 (+3.4%) Shares 11,434 (-1.5%) Est. Cost $117.57 Unrealized +154.1%

ADBE ADOBE SYSTEMS INCORPORATED 0.5%

Value ($000) $5,007 (-1.9%) Shares 14,305 (-1.1%) Est. Cost $179.93 Unrealized +89.0%

DHR DANAHER CORP 0.1%

Value ($000) $852 (+12.5%) Shares 3,720 (-2.6%) Est. Cost $68.20 Unrealized +221.9%

VNQ VANGUARD REIT ETF 0.1%

Value ($000) $1,351 (-6.0%) Shares 15,262 (-2.9%) Est. Cost $86.14 Unrealized —

LH LABORATORY CORP OF AMERICA 0.0%

Value ($000) $423 (-16.1%) Shares 1,687 (-4.0%) Est. Cost $199.50 Unrealized +32.9%

GEV GE VERNOVA INC 0.2%

Value ($000) $1,582 (+5.2%) Shares 2,421 (-1.0%) Est. Cost $158.10 Unrealized +285.2%

GIS GENERAL MILLS INC 0.1%

Value ($000) $498 (-13.1%) Shares 10,705 (-5.7%) Est. Cost $40.98 Unrealized +15.8%

ZBH ZIMMER BIOMET HOLDINGS INC. 0.0%

Value ($000) $355 (-17.1%) Shares 3,951 (-9.2%) Est. Cost $98.59 Unrealized -4.1%

CARR CARRIER GLOBAL 0.0%

Value ($000) $390 (-15.5%) Shares 7,388 (-4.5%) Est. Cost $17.13 Unrealized +224.1%

VTI VANGUARD TOTAL STOCK MARKET 1.2%

Value ($000) $11,843 (+0.5%) Shares 35,323 (-1.6%) Est. Cost $193.67 Unrealized —

VB VANGUARD SMALL CAP ETF 0.7%

Value ($000) $6,513 (-0.8%) Shares 25,249 (-2.3%) Est. Cost $126.18 Unrealized —

BK BANK OF NEW YORK MELLON CORP 0.1%

Value ($000) $1,015 (+4.9%) Shares 8,747 (-1.6%) Est. Cost $21.74 Unrealized +408.3%

SJM SMUCKER J.M. CO 0.0%

Value ($000) $294 (-11.4%) Shares 3,006 (-1.6%) Est. Cost $73.80 Unrealized +39.4%

GHC GRAHAM HOLDINGS CO. 0.0%

Value ($000) $365 (-9.1%) Shares 332 (-2.6%) Est. Cost $567.12 Unrealized +88.1%

BDX BECTON DICKINSON 0.6%

Value ($000) $5,564 (+0.6%) Shares 28,668 (-2.9%) Est. Cost $93.43 Unrealized +102.9%

OTIS OTIS WORLDWIDE INC 0.0%

Value ($000) $436 (-7.1%) Shares 4,988 (-2.7%) Est. Cost $47.48 Unrealized +88.0%

FRT FEDERAL REALTY INV TR S B I 0.1%

Value ($000) $651 (-4.2%) Shares 6,460 (-3.7%) Est. Cost $105.90 Unrealized -8.1%

PNC PNC FINANCIAL SERVICES GROUP 0.1%

Value ($000) $1,093 (+2.4%) Shares 5,237 (-1.4%) Est. Cost $100.61 Unrealized +91.6%

BEN FRANKLIN RESOURCES INC 0.0%

Value ($000) $469 (-5.1%) Shares 19,611 (-8.1%) Est. Cost $28.64 Unrealized -20.9%

PFE PFIZER INCORPORATED 0.0%

Value ($000) $398 (-5.2%) Shares 15,991 (-3.0%) Est. Cost $23.48 Unrealized +6.6%

CVS CVS CAREMARK CORPORATION 0.0%

Value ($000) $379 (-4.6%) Shares 4,780 (-9.3%) Est. Cost $55.47 Unrealized +41.8%

BHRB BURKE HERBERT CORP 0.0%

Value ($000) $236 (-5.2%) Shares 3,790 (-6.1%) Est. Cost $47.69 Unrealized +29.9%

TJX THE TJX COMPANIES 0.1%

Value ($000) $925 (+1.2%) Shares 6,024 (-4.7%) Est. Cost $57.48 Unrealized +157.0%

BALL BALL CORP 0.0%

Value ($000) $431 (+2.0%) Shares 8,141 (-2.9%) Est. Cost $54.21 Unrealized -9.5%

TSLA TESLA MOTORS INC 0.0%

Value ($000) $320 (-2.3%) Shares 712 (-3.4%) Est. Cost $301.28 Unrealized +47.1%

VOO VANGUARD S&P ETF 0.1%

Value ($000) $1,102 (+0.5%) Shares 1,758 (-1.8%) Est. Cost $246.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC NON-VOTING CL C	114,820 (-1.2%)	$36,031 (+27.2%)	3.7%	$108.13	+164.8%	COM	02079K107
RTX	RTX CORP.	89,173 (-1.1%)	$16,354 (+8.5%)	1.7%	$58.76	+195.0%	COM	75513E101
ORCL	ORACLE CORP	5,914 (-2.3%)	$1,153 (-32.3%)	0.1%	$34.80	+584.1%	COM	68389X105
WTRG	ESSENTIAL UTILITIES INC	203,103 (-1.7%)	$7,791 (-5.5%)	0.8%	$45.58	-13.7%	COM	29670G102
HD	HOME DEPOT	5,304 (-2.6%)	$1,825 (-17.3%)	0.2%	$129.64	+181.2%	COM	437076102
VO	VANGUARD MID CAP ETF	31,342 (-1.7%)	$9,096 (-2.9%)	0.9%	$124.62	—	COM	922908629
CRM	SALESFORCE.COM INC	10,271 (-1.9%)	$2,721 (+9.7%)	0.3%	$270.22	-8.2%	COM	79466L302
KIM	KIMCO REALTY CORP REIT	54,423 (-4.7%)	$1,103 (-11.6%)	0.1%	$17.47	+17.7%	COM	49446R109
TROW	T ROWE PRICE GROUP INC.	87,972 (-1.3%)	$9,007 (-1.6%)	0.9%	$51.84	+97.1%	COM	74144T108
VZ	VERIZON COMMUNICATIONS	28,912 (-3.9%)	$1,178 (-10.9%)	0.1%	$31.92	+26.8%	COM	92343V104
SYY	SYSCO CORPORATION	10,835 (-3.8%)	$798 (-13.9%)	0.1%	$28.68	+163.3%	COM	871829107
BRK/B	BERKSHIRE HATHAWAY INC DEL CLA	7,736 (-3.0%)	$3,889 (-3.0%)	0.4%	$300.94	+65.3%	COM	084670702
IBM	INTERNATIONAL BUSINESS MACHINE	11,434 (-1.5%)	$3,387 (+3.4%)	0.3%	$117.57	+154.1%	COM	459200101
ADBE	ADOBE SYSTEMS INCORPORATED	14,305 (-1.1%)	$5,007 (-1.9%)	0.5%	$179.93	+89.0%	COM	00724F101
DHR	DANAHER CORP	3,720 (-2.6%)	$852 (+12.5%)	0.1%	$68.20	+221.9%	COM	235851102
VNQ	VANGUARD REIT ETF	15,262 (-2.9%)	$1,351 (-6.0%)	0.1%	$86.14	—	COM	922908553
LH	LABORATORY CORP OF AMERICA	1,687 (-4.0%)	$423 (-16.1%)	0.0%	$199.50	+32.9%	COM	504922105
GEV	GE VERNOVA INC	2,421 (-1.0%)	$1,582 (+5.2%)	0.2%	$158.10	+285.2%	COM	36828A101
GIS	GENERAL MILLS INC	10,705 (-5.7%)	$498 (-13.1%)	0.1%	$40.98	+15.8%	COM	370334104
ZBH	ZIMMER BIOMET HOLDINGS INC.	3,951 (-9.2%)	$355 (-17.1%)	0.0%	$98.59	-4.1%	COM	98956P102
CARR	CARRIER GLOBAL	7,388 (-4.5%)	$390 (-15.5%)	0.0%	$17.13	+224.1%	COM	14448C104
VTI	VANGUARD TOTAL STOCK MARKET	35,323 (-1.6%)	$11,843 (+0.5%)	1.2%	$193.67	—	COM	922908769
VB	VANGUARD SMALL CAP ETF	25,249 (-2.3%)	$6,513 (-0.8%)	0.7%	$126.18	—	COM	922908751
BK	BANK OF NEW YORK MELLON CORP	8,747 (-1.6%)	$1,015 (+4.9%)	0.1%	$21.74	+408.3%	COM	064058100
SJM	SMUCKER J.M. CO	3,006 (-1.6%)	$294 (-11.4%)	0.0%	$73.80	+39.4%	COM	832696405
GHC	GRAHAM HOLDINGS CO.	332 (-2.6%)	$365 (-9.1%)	0.0%	$567.12	+88.1%	COM	384637104
BDX	BECTON DICKINSON	28,668 (-2.9%)	$5,564 (+0.6%)	0.6%	$93.43	+102.9%	COM	075887109
OTIS	OTIS WORLDWIDE INC	4,988 (-2.7%)	$436 (-7.1%)	0.0%	$47.48	+88.0%	COM	68902V107
FRT	FEDERAL REALTY INV TR S B I	6,460 (-3.7%)	$651 (-4.2%)	0.1%	$105.90	-8.1%	COM	313745101
PNC	PNC FINANCIAL SERVICES GROUP	5,237 (-1.4%)	$1,093 (+2.4%)	0.1%	$100.61	+91.6%	COM	693475105
BEN	FRANKLIN RESOURCES INC	19,611 (-8.1%)	$469 (-5.1%)	0.0%	$28.64	-20.9%	COM	354613101
PFE	PFIZER INCORPORATED	15,991 (-3.0%)	$398 (-5.2%)	0.0%	$23.48	+6.6%	COM	717081103
CVS	CVS CAREMARK CORPORATION	4,780 (-9.3%)	$379 (-4.6%)	0.0%	$55.47	+41.8%	COM	126650100
BHRB	BURKE HERBERT CORP	3,790 (-6.1%)	$236 (-5.2%)	0.0%	$47.69	+29.9%	COM	12135Y108
TJX	THE TJX COMPANIES	6,024 (-4.7%)	$925 (+1.2%)	0.1%	$57.48	+157.0%	COM	872540109
BALL	BALL CORP	8,141 (-2.9%)	$431 (+2.0%)	0.0%	$54.21	-9.5%	COM	058498106
TSLA	TESLA MOTORS INC	712 (-3.4%)	$320 (-2.3%)	0.0%	$301.28	+47.1%	COM	88160R101
VOO	VANGUARD S&P ETF	1,758 (-1.8%)	$1,102 (+0.5%)	0.1%	$246.27	—	COM	922908363

Unchanged Positions (105)

— DU PONT (E.I.) DE NEMOURS & CO 3.3%

Value ($000) $32,661 Shares 812,473 Est. Cost $71.78 Unrealized —

MSFT MICROSOFT CORPORATION 4.5%

Value ($000) $43,894 Shares 90,761 Est. Cost $33.04 Unrealized +1414.9%

MAR MARRIOTT INTERNATIONAL, NEW IN 1.8%

Value ($000) $17,744 Shares 57,195 Est. Cost $60.65 Unrealized +370.4%

CAT CATERPILLAR INCORPORATED 1.7%

Value ($000) $16,406 Shares 28,638 Est. Cost $69.37 Unrealized +700.8%

CC CHEMOURS CO 0.8%

Value ($000) $7,727 Shares 655,377 Est. Cost $9.80 Unrealized +30.5%

AAPL APPLE INC 4.1%

Value ($000) $40,075 Shares 147,410 Est. Cost $88.68 Unrealized +202.6%

JNJ JOHNSON & JOHNSON 2.1%

Value ($000) $20,731 Shares 100,175 Est. Cost $64.03 Unrealized +207.7%

LLY ELI LILLY & CO 0.5%

Value ($000) $5,199 Shares 4,838 Est. Cost $80.95 Unrealized +1080.4%

MRK MERCK & COMPANY INCORPORATED N 0.7%

Value ($000) $7,265 Shares 69,024 Est. Cost $42.80 Unrealized +117.9%

IBB ISHARES NASDAQ BIOTECH INDEX 1.1%

Value ($000) $10,421 Shares 61,745 Est. Cost $141.35 Unrealized —

PG PROCTER & GAMBLE COMPANY 1.7%

Value ($000) $16,654 Shares 116,213 Est. Cost $57.00 Unrealized +158.2%

AMZN AMAZON.COM INC 2.2%

Value ($000) $21,674 Shares 93,900 Est. Cost $121.45 Unrealized +88.4%

CSCO CISCO SYSTEMS INC 0.9%

Value ($000) $9,080 Shares 117,878 Est. Cost $18.08 Unrealized +308.1%

ITW ILLINOIS TOOL WORKS INC. 1.5%

Value ($000) $14,376 Shares 58,369 Est. Cost $56.65 Unrealized +337.0%

FDX FEDEX CORP 0.5%

Value ($000) $5,268 Shares 18,238 Est. Cost $94.07 Unrealized +178.1%

ABT ABBOTT LABORATORIES 1.3%

Value ($000) $12,200 Shares 97,378 Est. Cost $44.52 Unrealized +186.0%

LOW LOWES COS 1.9%

Value ($000) $18,199 Shares 75,466 Est. Cost $32.64 Unrealized +634.8%

AXP AMERICAN EXPRESS INC 0.8%

Value ($000) $7,820 Shares 21,138 Est. Cost $75.39 Unrealized +373.5%

GOOGL ALPHABET INC VOTING CL A 0.3%

Value ($000) $3,116 Shares 9,956 Est. Cost $107.33 Unrealized +166.1%

WFC WELLS FARGO & CO. NEW 0.7%

Value ($000) $6,683 Shares 71,704 Est. Cost $30.02 Unrealized +188.6%

XOM EXXON MOBIL CORPORATION 1.0%

Value ($000) $9,762 Shares 81,119 Est. Cost $54.40 Unrealized +112.3%

IFF INTERNATIONAL FLAVORS & FRAGRA 0.7%

Value ($000) $7,030 Shares 104,322 Est. Cost $109.59 Unrealized -41.2%

CTVA CORTEVA INC 7.0%

Value ($000) $67,823 Shares 1,011,825 Est. Cost $31.91 Unrealized +102.3%

CHD CHURCH & DWIGHT CO INC 1.1%

Value ($000) $10,718 Shares 127,820 Est. Cost $36.79 Unrealized +131.7%

UNH UNITED HEALTHCARE CORP 1.0%

Value ($000) $9,990 Shares 30,264 Est. Cost $176.46 Unrealized +91.1%

NEE NEXTERA ENERGY 1.0%

Value ($000) $9,490 Shares 118,210 Est. Cost $57.19 Unrealized +44.3%

V VISA INC CLASS A 2.0%

Value ($000) $19,456 Shares 55,477 Est. Cost $72.70 Unrealized +368.2%

JPM JPMORGAN CHASE & CO. 2.6%

Value ($000) $25,616 Shares 79,498 Est. Cost $45.67 Unrealized +577.8%

HON HONEYWELL INTERNATIONAL INC 0.5%

Value ($000) $5,324 Shares 27,288 Est. Cost $105.36 Unrealized +85.1%

DOW DOW CHEMICAL COMPANY (THE) 2.3%

Value ($000) $22,505 Shares 962,585 Est. Cost $50.36 Unrealized -54.8%

VGT VANGUARD INFORMATION TECHNOLOG 13.7%

Value ($000) $133,358 Shares 176,919 Est. Cost $75.77 Unrealized —

KMB KIMBERLY-CLARK CORP 0.1%

Value ($000) $1,459 Shares 14,464 Est. Cost $67.91 Unrealized +59.6%

SO SOUTHERN COMPANY (THE) 0.4%

Value ($000) $3,470 Shares 39,791 Est. Cost $29.05 Unrealized +212.9%

PEP PEPSICO INCORPORATED 1.4%

Value ($000) $13,290 Shares 92,599 Est. Cost $62.04 Unrealized +135.2%

WMT WAL-MART STORES INC 0.4%

Value ($000) $3,517 Shares 31,570 Est. Cost $49.68 Unrealized +115.8%

AMGN AMGEN INC 0.2%

Value ($000) $1,628 Shares 4,974 Est. Cost $87.96 Unrealized +259.2%

UNP UNION PACIFIC CORP 0.7%

Value ($000) $6,994 Shares 30,235 Est. Cost $72.19 Unrealized +214.9%

CVX CHEVRON CORP 0.7%

Value ($000) $7,104 Shares 46,612 Est. Cost $73.23 Unrealized +106.7%

MS MORGAN STANLEY & CO 0.1%

Value ($000) $1,308 Shares 7,369 Est. Cost $24.08 Unrealized +591.2%

KO COCA-COLA COMPANY 0.3%

Value ($000) $2,532 Shares 36,224 Est. Cost $33.09 Unrealized +109.7%

DIS WALT DISNEY COMPANY 0.9%

Value ($000) $9,214 Shares 80,991 Est. Cost $95.12 Unrealized +15.1%

BAC BANK OF AMERICA 0.2%

Value ($000) $1,804 Shares 32,800 Est. Cost $16.99 Unrealized +210.0%

IWM ISHARES RUSSELL 2000 IDX 0.7%

Value ($000) $6,483 Shares 26,336 Est. Cost $100.80 Unrealized —

BMY BRISTOL-MYERS SQUIBB COMPANY 0.1%

Value ($000) $603 Shares 11,181 Est. Cost $39.29 Unrealized +21.0%

INTC INTEL CORP COM 0.1%

Value ($000) $1,125 Shares 30,476 Est. Cost $22.75 Unrealized +66.0%

D DOMINION ENERGY 0.2%

Value ($000) $2,229 Shares 38,041 Est. Cost $39.67 Unrealized +50.6%

GLW CORNING INC. 0.1%

Value ($000) $1,367 Shares 15,615 Est. Cost $11.34 Unrealized +658.1%

ATO ATMOS ENERGY CORP 0.4%

Value ($000) $4,068 Shares 24,268 Est. Cost $76.77 Unrealized +124.5%

MSI MOTOROLA SOLUTIONS, INC 0.0%

Value ($000) $436 Shares 1,137 Est. Cost $47.42 Unrealized +745.1%

WTM WHITE MOUNTAINS INS. 0.0%

Value ($000) $414 Shares 199 Est. Cost $1118.45 Unrealized +74.8%

TXN TEXAS INSTRUMENTS 0.1%

Value ($000) $1,355 Shares 7,811 Est. Cost $42.33 Unrealized +303.3%

TMO THERMO FISHER SCIENTIFIC 0.0%

Value ($000) $487 Shares 841 Est. Cost $107.67 Unrealized +424.9%

— POWERSHARES QQQ TR ETF SERIES 0.4%

Value ($000) $3,777 Shares 6,148 Est. Cost $111.05 Unrealized —

DOV DOVER CORPORATION 0.1%

Value ($000) $509 Shares 2,605 Est. Cost $101.93 Unrealized +78.4%

AVAV AEROVIRONMENT INC. 0.0%

Value ($000) $242 Shares 1,000 Est. Cost $169.27 Unrealized +85.7%

NYT NEW YORK TIMES CL A 0.0%

Value ($000) $415 Shares 5,980 Est. Cost $40.91 Unrealized +51.1%

COF CAPITAL ONE FINANCIAL 0.1%

Value ($000) $556 Shares 2,294 Est. Cost $185.05 Unrealized +20.1%

LIN LINDE PLC 0.1%

Value ($000) $520 Shares 1,220 Est. Cost $322.30 Unrealized +32.6%

INTU INTUIT INC 0.2%

Value ($000) $1,815 Shares 2,740 Est. Cost $72.70 Unrealized +808.8%

VMC VULCAN MATERIALS CO 0.1%

Value ($000) $710 Shares 2,491 Est. Cost $75.72 Unrealized +287.1%

ABBV ABBVIE INC 0.3%

Value ($000) $3,174 Shares 13,892 Est. Cost $48.57 Unrealized +368.5%

MMM 3M CO. 0.2%

Value ($000) $1,735 Shares 10,834 Est. Cost $76.44 Unrealized +113.5%

VWDRY VESTAS WIND SYS UK ADR 0.0%

Value ($000) $174 Shares 19,355 Est. Cost $8.78 Unrealized —

FSLR FIRST SOLAR INC 0.0%

Value ($000) $335 Shares 1,283 Est. Cost $147.64 Unrealized +70.8%

GE GENERAL ELECTRIC COMPANY 0.3%

Value ($000) $3,024 Shares 9,818 Est. Cost $62.95 Unrealized +377.8%

HSY HERSHEY COMPANY 0.2%

Value ($000) $1,703 Shares 9,358 Est. Cost $72.13 Unrealized +152.4%

IWR ISHARES RUSSELL MIDCAP INDEX 1.0%

Value ($000) $9,463 Shares 98,295 Est. Cost $67.78 Unrealized —

LMT LOCKHEED MARTIN 0.1%

Value ($000) $1,049 Shares 2,168 Est. Cost $185.43 Unrealized +156.8%

MTB M & T BANK CORP 0.2%

Value ($000) $2,273 Shares 11,280 Est. Cost $74.83 Unrealized +154.0%

NFG NATIONAL FUEL GAS CO 0.0%

Value ($000) $244 Shares 3,048 Est. Cost $71.92 Unrealized +14.6%

NOC NORTHROP GRUMMAN CORP 0.1%

Value ($000) $502 Shares 880 Est. Cost $383.73 Unrealized +50.8%

MTD METTLER-TOLEDO INTL INC 0.0%

Value ($000) $272 Shares 195 Est. Cost $1406.01 Unrealized -0.7%

TRV THE TRAVELERS COS INC 0.1%

Value ($000) $841 Shares 2,899 Est. Cost $91.08 Unrealized +208.1%

MO ALTRIA GROUP 0.0%

Value ($000) $211 Shares 3,652 Est. Cost $51.03 Unrealized +16.3%

TFC TRUIST FINANCIAL CORP 0.0%

Value ($000) $408 Shares 8,285 Est. Cost $46.20 Unrealized -0.9%

ALL ALLSTATE CORPORATION 0.1%

Value ($000) $893 Shares 4,292 Est. Cost $44.61 Unrealized +357.5%

WEC WEC ENERGY GROUP 0.0%

Value ($000) $309 Shares 2,931 Est. Cost $93.36 Unrealized +18.1%

APD AIR PRODUCTS & CHEMICALS 0.0%

Value ($000) $243 Shares 984 Est. Cost $145.31 Unrealized +73.2%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $558 Shares 9,710 Est. Cost $28.88 Unrealized +106.0%

DTE DTE ENERGY 0.0%

Value ($000) $224 Shares 1,738 Est. Cost $45.71 Unrealized +194.9%

NTRS NORTHERN TRUST CORP 0.1%

Value ($000) $1,421 Shares 10,400 Est. Cost $45.46 Unrealized +187.6%

NSC NORFOLK SOUTHERN CORP 0.1%

Value ($000) $506 Shares 1,754 Est. Cost $139.75 Unrealized +106.5%

EMR EMERSON ELECTRIC CO. 0.2%

Value ($000) $1,752 Shares 13,197 Est. Cost $43.10 Unrealized +207.1%

CSX C S X CORPORATION 0.1%

Value ($000) $875 Shares 24,151 Est. Cost $25.28 Unrealized +41.2%

PSX PHILLIPS 66 0.0%

Value ($000) $326 Shares 2,525 Est. Cost $93.80 Unrealized +42.9%

HWM HOWMET AEROSPACE 0.0%

Value ($000) $392 Shares 1,911 Est. Cost $109.18 Unrealized +82.3%

SPY SPDR S&P 500 ETF 0.1%

Value ($000) $684 Shares 1,003 Est. Cost $266.84 Unrealized —

MCD MC DONALD'S CORPORATION 1.6%

Value ($000) $15,688 Shares 51,329 Est. Cost $75.33 Unrealized +305.0%

UDR UDR INC 0.1%

Value ($000) $640 Shares 17,450 Est. Cost $16.46 Unrealized +115.8%

VV VANGUARD LARGE CAP ETF 0.0%

Value ($000) $206 Shares 653 Est. Cost $293.74 Unrealized —

TRMB TRIMBLE NAVIGATION 0.0%

Value ($000) $266 Shares 3,400 Est. Cost $55.86 Unrealized +42.7%

COP CONOCOPHILLIPS 0.1%

Value ($000) $488 Shares 5,214 Est. Cost $57.55 Unrealized +56.4%

DE DEERE AND CO. 0.0%

Value ($000) $486 Shares 1,043 Est. Cost $253.96 Unrealized +84.2%

QCOM QUALCOMM INC 0.0%

Value ($000) $274 Shares 1,603 Est. Cost $123.07 Unrealized +38.8%

PM PHILIP MORRIS INTERNATIONAL 0.1%

Value ($000) $586 Shares 3,655 Est. Cost $57.80 Unrealized +165.7%

EFA ISHARES MSCI EAFE INDEX 0.0%

Value ($000) $257 Shares 2,680 Est. Cost $65.78 Unrealized —

CL COLGATE-PALMOLIVE COMPANY 0.0%

Value ($000) $428 Shares 5,419 Est. Cost $47.83 Unrealized +63.7%

AFL AFLAC INCORPORATED 0.0%

Value ($000) $336 Shares 3,050 Est. Cost $62.49 Unrealized +75.8%

MDT MEDTRONIC INC 0.0%

Value ($000) $352 Shares 3,664 Est. Cost $80.60 Unrealized +20.5%

BRK/A BERKSHIRE HATHAWAY INC DEL CLA 0.3%

Value ($000) $3,019 Shares 4 Est. Cost $165023.42 Unrealized +352.3%

IWF ISHARES RUSSELL 1000 GROWTH IN 0.0%

Value ($000) $231 Shares 488 Est. Cost $424.58 Unrealized —

WM WASTE MANAGEMENT INC. 0.0%

Value ($000) $418 Shares 1,904 Est. Cost $163.26 Unrealized +30.2%

BA BOEING 0.0%

Value ($000) $358 Shares 1,650 Est. Cost $83.89 Unrealized +145.1%

YUM YUM BRANDS INC 0.0%

Value ($000) $278 Shares 1,836 Est. Cost $119.95 Unrealized +23.1%

WCN WASTE CONNECTIONS INC 0.0%

Value ($000) $316 Shares 1,800 Est. Cost $47.87 Unrealized +261.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DU PONT (E.I.) DE NEMOURS & CO	812,473	$32,661	3.3%	$71.78	—	COM	263534109
MSFT	MICROSOFT CORPORATION	90,761	$43,894	4.5%	$33.04	+1414.9%	COM	594918104
MAR	MARRIOTT INTERNATIONAL, NEW IN	57,195	$17,744	1.8%	$60.65	+370.4%	COM	571903202
CAT	CATERPILLAR INCORPORATED	28,638	$16,406	1.7%	$69.37	+700.8%	COM	149123101
CC	CHEMOURS CO	655,377	$7,727	0.8%	$9.80	+30.5%	COM	163851108
AAPL	APPLE INC	147,410	$40,075	4.1%	$88.68	+202.6%	COM	037833100
JNJ	JOHNSON & JOHNSON	100,175	$20,731	2.1%	$64.03	+207.7%	COM	478160104
LLY	ELI LILLY & CO	4,838	$5,199	0.5%	$80.95	+1080.4%	COM	532457108
MRK	MERCK & COMPANY INCORPORATED N	69,024	$7,265	0.7%	$42.80	+117.9%	COM	58933Y105
IBB	ISHARES NASDAQ BIOTECH INDEX	61,745	$10,421	1.1%	$141.35	—	COM	464287556
PG	PROCTER & GAMBLE COMPANY	116,213	$16,654	1.7%	$57.00	+158.2%	COM	742718109
AMZN	AMAZON.COM INC	93,900	$21,674	2.2%	$121.45	+88.4%	COM	023135106
CSCO	CISCO SYSTEMS INC	117,878	$9,080	0.9%	$18.08	+308.1%	COM	17275R102
ITW	ILLINOIS TOOL WORKS INC.	58,369	$14,376	1.5%	$56.65	+337.0%	COM	452308109
FDX	FEDEX CORP	18,238	$5,268	0.5%	$94.07	+178.1%	COM	31428X106
ABT	ABBOTT LABORATORIES	97,378	$12,200	1.3%	$44.52	+186.0%	COM	002824100
LOW	LOWES COS	75,466	$18,199	1.9%	$32.64	+634.8%	COM	548661107
AXP	AMERICAN EXPRESS INC	21,138	$7,820	0.8%	$75.39	+373.5%	COM	025816109
GOOGL	ALPHABET INC VOTING CL A	9,956	$3,116	0.3%	$107.33	+166.1%	COM	02079K305
WFC	WELLS FARGO & CO. NEW	71,704	$6,683	0.7%	$30.02	+188.6%	COM	949746101
XOM	EXXON MOBIL CORPORATION	81,119	$9,762	1.0%	$54.40	+112.3%	COM	30231G102
IFF	INTERNATIONAL FLAVORS & FRAGRA	104,322	$7,030	0.7%	$109.59	-41.2%	COM	459506101
CTVA	CORTEVA INC	1,011,825	$67,823	7.0%	$31.91	+102.3%	COM	22052L104
CHD	CHURCH & DWIGHT CO INC	127,820	$10,718	1.1%	$36.79	+131.7%	COM	171340102
UNH	UNITED HEALTHCARE CORP	30,264	$9,990	1.0%	$176.46	+91.1%	COM	91324P102
NEE	NEXTERA ENERGY	118,210	$9,490	1.0%	$57.19	+44.3%	COM	65339F101
V	VISA INC CLASS A	55,477	$19,456	2.0%	$72.70	+368.2%	COM	92826C839
JPM	JPMORGAN CHASE & CO.	79,498	$25,616	2.6%	$45.67	+577.8%	COM	46625H100
HON	HONEYWELL INTERNATIONAL INC	27,288	$5,324	0.5%	$105.36	+85.1%	COM	438516106
DOW	DOW CHEMICAL COMPANY (THE)	962,585	$22,505	2.3%	$50.36	-54.8%	COM	260557103
VGT	VANGUARD INFORMATION TECHNOLOG	176,919	$133,358	13.7%	$75.77	—	COM	92204A702
KMB	KIMBERLY-CLARK CORP	14,464	$1,459	0.1%	$67.91	+59.6%	COM	494368103
SO	SOUTHERN COMPANY (THE)	39,791	$3,470	0.4%	$29.05	+212.9%	COM	842587107
PEP	PEPSICO INCORPORATED	92,599	$13,290	1.4%	$62.04	+135.2%	COM	713448108
WMT	WAL-MART STORES INC	31,570	$3,517	0.4%	$49.68	+115.8%	COM	931142103
AMGN	AMGEN INC	4,974	$1,628	0.2%	$87.96	+259.2%	COM	031162100
UNP	UNION PACIFIC CORP	30,235	$6,994	0.7%	$72.19	+214.9%	COM	907818108
CVX	CHEVRON CORP	46,612	$7,104	0.7%	$73.23	+106.7%	COM	166764100
MS	MORGAN STANLEY & CO	7,369	$1,308	0.1%	$24.08	+591.2%	COM	617446448
KO	COCA-COLA COMPANY	36,224	$2,532	0.3%	$33.09	+109.7%	COM	191216100
DIS	WALT DISNEY COMPANY	80,991	$9,214	0.9%	$95.12	+15.1%	COM	254687106
BAC	BANK OF AMERICA	32,800	$1,804	0.2%	$16.99	+210.0%	COM	060505104
IWM	ISHARES RUSSELL 2000 IDX	26,336	$6,483	0.7%	$100.80	—	COM	464287655
BMY	BRISTOL-MYERS SQUIBB COMPANY	11,181	$603	0.1%	$39.29	+21.0%	COM	110122108
INTC	INTEL CORP COM	30,476	$1,125	0.1%	$22.75	+66.0%	COM	458140100
D	DOMINION ENERGY	38,041	$2,229	0.2%	$39.67	+50.6%	COM	25746U109
GLW	CORNING INC.	15,615	$1,367	0.1%	$11.34	+658.1%	COM	219350105
ATO	ATMOS ENERGY CORP	24,268	$4,068	0.4%	$76.77	+124.5%	COM	049560105
MSI	MOTOROLA SOLUTIONS, INC	1,137	$436	0.0%	$47.42	+745.1%	COM	620076307
WTM	WHITE MOUNTAINS INS.	199	$414	0.0%	$1118.45	+74.8%	COM	G9618E107
TXN	TEXAS INSTRUMENTS	7,811	$1,355	0.1%	$42.33	+303.3%	COM	882508104
TMO	THERMO FISHER SCIENTIFIC	841	$487	0.0%	$107.67	+424.9%	COM	883556102
—	POWERSHARES QQQ TR ETF SERIES	6,148	$3,777	0.4%	$111.05	—	COM	73935A104
DOV	DOVER CORPORATION	2,605	$509	0.1%	$101.93	+78.4%	COM	260003108
AVAV	AEROVIRONMENT INC.	1,000	$242	0.0%	$169.27	+85.7%	COM	008073108
NYT	NEW YORK TIMES CL A	5,980	$415	0.0%	$40.91	+51.1%	COM	650111107
COF	CAPITAL ONE FINANCIAL	2,294	$556	0.1%	$185.05	+20.1%	COM	14040H105
LIN	LINDE PLC	1,220	$520	0.1%	$322.30	+32.6%	COM	G54950103
INTU	INTUIT INC	2,740	$1,815	0.2%	$72.70	+808.8%	COM	461202103
VMC	VULCAN MATERIALS CO	2,491	$710	0.1%	$75.72	+287.1%	COM	929160109
ABBV	ABBVIE INC	13,892	$3,174	0.3%	$48.57	+368.5%	COM	00287Y109
MMM	3M CO.	10,834	$1,735	0.2%	$76.44	+113.5%	COM	88579Y101
VWDRY	VESTAS WIND SYS UK ADR	19,355	$174	0.0%	$8.78	—	COM	925458101
FSLR	FIRST SOLAR INC	1,283	$335	0.0%	$147.64	+70.8%	COM	336433107
GE	GENERAL ELECTRIC COMPANY	9,818	$3,024	0.3%	$62.95	+377.8%	COM	369604301
HSY	HERSHEY COMPANY	9,358	$1,703	0.2%	$72.13	+152.4%	COM	427866108
IWR	ISHARES RUSSELL MIDCAP INDEX	98,295	$9,463	1.0%	$67.78	—	COM	464287499
LMT	LOCKHEED MARTIN	2,168	$1,049	0.1%	$185.43	+156.8%	COM	539830109
MTB	M & T BANK CORP	11,280	$2,273	0.2%	$74.83	+154.0%	COM	55261F104
NFG	NATIONAL FUEL GAS CO	3,048	$244	0.0%	$71.92	+14.6%	COM	636180101
NOC	NORTHROP GRUMMAN CORP	880	$502	0.1%	$383.73	+50.8%	COM	666807102
MTD	METTLER-TOLEDO INTL INC	195	$272	0.0%	$1406.01	-0.7%	COM	592688105
TRV	THE TRAVELERS COS INC	2,899	$841	0.1%	$91.08	+208.1%	COM	89417E109
MO	ALTRIA GROUP	3,652	$211	0.0%	$51.03	+16.3%	COM	02209S103
TFC	TRUIST FINANCIAL CORP	8,285	$408	0.0%	$46.20	-0.9%	COM	89832Q109
ALL	ALLSTATE CORPORATION	4,292	$893	0.1%	$44.61	+357.5%	COM	020002101
WEC	WEC ENERGY GROUP	2,931	$309	0.0%	$93.36	+18.1%	COM	92939U106
APD	AIR PRODUCTS & CHEMICALS	984	$243	0.0%	$145.31	+73.2%	COM	009158106
ADM	ARCHER DANIELS MIDLAND CO	9,710	$558	0.1%	$28.88	+106.0%	COM	039483102
DTE	DTE ENERGY	1,738	$224	0.0%	$45.71	+194.9%	COM	233331107
NTRS	NORTHERN TRUST CORP	10,400	$1,421	0.1%	$45.46	+187.6%	COM	665859104
NSC	NORFOLK SOUTHERN CORP	1,754	$506	0.1%	$139.75	+106.5%	COM	655844108
EMR	EMERSON ELECTRIC CO.	13,197	$1,752	0.2%	$43.10	+207.1%	COM	291011104
CSX	C S X CORPORATION	24,151	$875	0.1%	$25.28	+41.2%	COM	126408103
PSX	PHILLIPS 66	2,525	$326	0.0%	$93.80	+42.9%	COM	718546104
HWM	HOWMET AEROSPACE	1,911	$392	0.0%	$109.18	+82.3%	COM	443201108
SPY	SPDR S&P 500 ETF	1,003	$684	0.1%	$266.84	—	COM	78462F103
MCD	MC DONALD'S CORPORATION	51,329	$15,688	1.6%	$75.33	+305.0%	COM	580135101
UDR	UDR INC	17,450	$640	0.1%	$16.46	+115.8%	COM	902653104
VV	VANGUARD LARGE CAP ETF	653	$206	0.0%	$293.74	—	COM	922908637
TRMB	TRIMBLE NAVIGATION	3,400	$266	0.0%	$55.86	+42.7%	COM	896239100
COP	CONOCOPHILLIPS	5,214	$488	0.1%	$57.55	+56.4%	COM	20825C104
DE	DEERE AND CO.	1,043	$486	0.0%	$253.96	+84.2%	COM	244199105
QCOM	QUALCOMM INC	1,603	$274	0.0%	$123.07	+38.8%	COM	747525103
PM	PHILIP MORRIS INTERNATIONAL	3,655	$586	0.1%	$57.80	+165.7%	COM	718172109
EFA	ISHARES MSCI EAFE INDEX	2,680	$257	0.0%	$65.78	—	COM	464287465
CL	COLGATE-PALMOLIVE COMPANY	5,419	$428	0.0%	$47.83	+63.7%	COM	194162103
AFL	AFLAC INCORPORATED	3,050	$336	0.0%	$62.49	+75.8%	COM	001055102
MDT	MEDTRONIC INC	3,664	$352	0.0%	$80.60	+20.5%	COM	G5960L103
BRK/A	BERKSHIRE HATHAWAY INC DEL CLA	4	$3,019	0.3%	$165023.42	+352.3%	COM	084670108
IWF	ISHARES RUSSELL 1000 GROWTH IN	488	$231	0.0%	$424.58	—	COM	464287614
WM	WASTE MANAGEMENT INC.	1,904	$418	0.0%	$163.26	+30.2%	COM	94106L109
BA	BOEING	1,650	$358	0.0%	$83.89	+145.1%	COM	097023105
YUM	YUM BRANDS INC	1,836	$278	0.0%	$119.95	+23.1%	COM	988498101
WCN	WASTE CONNECTIONS INC	1,800	$316	0.0%	$47.87	+261.0%	COM	94106B101