Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA INC	90,133 (+1.3%)	$30.92M (+15.0%)	5.7%	$230.21	—	COM CL A	92826C839
ADP	AUTOMATIC DATA PROCESSING IN	124,795 (+1.9%)	$27.95M (+12.3%)	5.1%	$177.77	—	COM	053015103
PEP	PEPSICO INC	144,699 (+1.1%)	$19.59M (-11.8%)	3.6%	$120.68	—	COM	713448108
PFE	PFIZER INC	711,299 (+1.4%)	$17.13M (-13.0%)	3.2%	$27.05	—	COM	717081103
ULTA	ULTA BEAUTY INC	39,243 (+2.5%)	$17.7M (-11.6%)	3.3%	$426.75	—	COM	90384S303
CL	COLGATE PALMOLIVE CO	261,413 (+1.0%)	$23.97M (+8.6%)	4.4%	$70.35	—	COM	194162103
TFC	TRUIST FINL CORP	348,674 (+3.0%)	$17.37M (+11.6%)	3.2%	$43.73	—	COM	89832Q109
ABT	ABBOTT LABORATORIES	239,811 (+6.0%)	$21.76M (-6.3%)	4.0%	$107.75	—	COM	002824100
SAP	SAP SE	160,606 (+16.6%)	$24.75M (+5.0%)	4.6%	$140.83	—	SPON ADR	803054204
FISV	FISERV INC	183,699 (+1.9%)	$9.01M (-10.4%)	1.7%	$94.39	—	COM	337738108
STZ	CONSTELLATION BRANDS INC	112,019 (+2.1%)	$15.58M (-5.3%)	2.9%	$187.84	—	CL A	21036P108

Exited Positions (6)

CVS CVS HEALTH CORP 0.8%

Value $4.352M Shares 60,599 Est. Cost $69.04 Unrealized —

XOM EXXON MOBIL CORP 0.3%

Value $1.684M Shares 9,923 Est. Cost $65.32 Unrealized —

SHW SHERWIN WILLIAMS CO 0.1%

Value $300K Shares 935 Est. Cost $334.11 Unrealized —

BSX BOSTON SCIENTIFIC CORP 0.0%

Value $268K Shares 4,265 Est. Cost $98.04 Unrealized —

DEO DIAGEO PLC 0.0%

Value $223K Shares 3,000 Est. Cost $147.38 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.0%

Value $209K Shares 210 Est. Cost $963.77 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CVS	CVS HEALTH CORP	60,599	$4.352M	0.8%	$69.04	—	—	126650100
XOM	EXXON MOBIL CORP	9,923	$1.684M	0.3%	$65.32	—	—	30231G102
SHW	SHERWIN WILLIAMS CO	935	$300K	0.1%	$334.11	—	—	824348106
BSX	BOSTON SCIENTIFIC CORP	4,265	$268K	0.0%	$98.04	—	—	101137107
DEO	DIAGEO PLC	3,000	$223K	0.0%	$147.38	—	—	25243Q205
COST	COSTCO WHOLESALE CORPORATION	210	$209K	0.0%	$963.77	—	—	22160K105

Decreased Positions (11)

GOOGL ALPHABET INC 8.2%

Value $44.41M (-10.8%) Shares 124,264 (-28.3%) Est. Cost $109.47 Unrealized —

OTIS OTIS WORLDWIDE CORP 2.8%

Value $15.03M (-14.5%) Shares 209,885 (-7.9%) Est. Cost $92.46 Unrealized —

JPM JPMORGAN CHASE & CO 2.5%

Value $13.51M (+9.9%) Shares 41,273 (-1.3%) Est. Cost $135.44 Unrealized —

CVX CHEVRON CORPORATION 0.6%

Value $3.448M (-21.6%) Shares 20,800 (-2.1%) Est. Cost $87.90 Unrealized —

VOO VANGUARD INDEX FDS 1.4%

Value $7.55M (+5.3%) Shares 11,000 (-8.3%) Est. Cost $364.28 Unrealized —

ORCL ORACLE CORP 0.1%

Value $596K (-7.9%) Shares 4,070 (-7.5%) Est. Cost $218.67 Unrealized —

TJX TJX COS INC NEW 0.1%

Value $584K (-6.3%) Shares 3,855 (-1.3%) Est. Cost $147.70 Unrealized —

AAPL APPLE INC 0.1%

Value $514K (+7.0%) Shares 1,778 (-6.2%) Est. Cost $137.47 Unrealized —

GOOG ALPHABET INC 0.3%

Value $1.841M (+1.6%) Shares 5,211 (-17.5%) Est. Cost $185.38 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.1%

Value $276K (+2.4%) Shares 370 (-10.8%) Est. Cost $475.31 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.33M (+0.3%) Shares 2,657 (-4.0%) Est. Cost $374.67 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	124,264 (-28.3%)	$44.41M (-10.8%)	8.2%	$109.47	—	CAP STK CL A	02079K305
OTIS	OTIS WORLDWIDE CORP	209,885 (-7.9%)	$15.03M (-14.5%)	2.8%	$92.46	—	COM	68902V107
JPM	JPMORGAN CHASE & CO	41,273 (-1.3%)	$13.51M (+9.9%)	2.5%	$135.44	—	COM	46625H100
CVX	CHEVRON CORPORATION	20,800 (-2.1%)	$3.448M (-21.6%)	0.6%	$87.90	—	COM	166764100
VOO	VANGUARD INDEX FDS	11,000 (-8.3%)	$7.55M (+5.3%)	1.4%	$364.28	—	S&P 500 ETF SHS	922908363
ORCL	ORACLE CORP	4,070 (-7.5%)	$596K (-7.9%)	0.1%	$218.67	—	COM	68389X105
TJX	TJX COS INC NEW	3,855 (-1.3%)	$584K (-6.3%)	0.1%	$147.70	—	COM	872540109
AAPL	APPLE INC	1,778 (-6.2%)	$514K (+7.0%)	0.1%	$137.47	—	COM	037833100
GOOG	ALPHABET INC	5,211 (-17.5%)	$1.841M (+1.6%)	0.3%	$185.38	—	CAP STK CL C	02079K107
SPY	STATE STR SPDR S&P 500 ETF T	370 (-10.8%)	$276K (+2.4%)	0.1%	$475.31	—	TR UNIT	78462F103
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,657 (-4.0%)	$1.33M (+0.3%)	0.2%	$374.67	—	CL B NEW	084670702

Unchanged Positions (19)

AMZN AMAZON COM INC 6.1%

Value $33.16M Shares 139,131 Est. Cost $132.00 Unrealized —

USB US BANCORP 4.8%

Value $26.3M Shares 435,471 Est. Cost $40.51 Unrealized —

SBUX STARBUCKS CORP 4.1%

Value $22.01M Shares 215,344 Est. Cost $91.83 Unrealized —

EOG EOG RES INC 3.6%

Value $19.42M Shares 149,730 Est. Cost $71.15 Unrealized —

JNJ JOHNSON & JOHNSON 7.3%

Value $39.74M Shares 156,463 Est. Cost $141.26 Unrealized —

ITW ILLINOIS TOOL WKS INC 5.3%

Value $28.52M Shares 105,455 Est. Cost $189.05 Unrealized —

MSFT MICROSOFT CORP 7.9%

Value $43.11M Shares 115,572 Est. Cost $231.79 Unrealized —

IBKR INTERACTIVE BROKERS GROUP IN 0.2%

Value $1.292M Shares 14,840 Est. Cost $66.89 Unrealized —

ABBV ABBVIE INC 0.2%

Value $1.057M Shares 4,200 Est. Cost $152.40 Unrealized —

WMT WALMART INC 0.2%

Value $1.087M Shares 9,600 Est. Cost $56.04 Unrealized —

EMR EMERSON ELEC CO 0.2%

Value $1.138M Shares 7,950 Est. Cost $92.20 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value $492K Shares 1,750 Est. Cost $172.56 Unrealized —

CB CHUBB LIMITED 0.1%

Value $601K Shares 1,765 Est. Cost $292.40 Unrealized —

KMB KIMBERLY-CLARK CORP 0.0%

Value $237K Shares 2,160 Est. Cost $110.86 Unrealized —

IQV IQVIA HLDGS INC 0.0%

Value $237K Shares 1,228 Est. Cost $217.58 Unrealized —

PG PROCTER & GAMBLE CO 0.3%

Value $1.835M Shares 12,511 Est. Cost $127.03 Unrealized —

BDX BECTON DICKINSON & CO 0.1%

Value $625K Shares 4,132 Est. Cost $221.49 Unrealized —

MRK MERCK & CO INC 0.0%

Value $252K Shares 1,958 Est. Cost $93.24 Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value $488K Shares 950 Est. Cost $558.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	139,131	$33.16M	6.1%	$132.00	—	COM	023135106
USB	US BANCORP	435,471	$26.3M	4.8%	$40.51	—	COM NEW	902973304
SBUX	STARBUCKS CORP	215,344	$22.01M	4.1%	$91.83	—	COM	855244109
EOG	EOG RES INC	149,730	$19.42M	3.6%	$71.15	—	COM	26875P101
JNJ	JOHNSON & JOHNSON	156,463	$39.74M	7.3%	$141.26	—	COM	478160104
ITW	ILLINOIS TOOL WKS INC	105,455	$28.52M	5.3%	$189.05	—	COM	452308109
MSFT	MICROSOFT CORP	115,572	$43.11M	7.9%	$231.79	—	COM	594918104
IBKR	INTERACTIVE BROKERS GROUP IN	14,840	$1.292M	0.2%	$66.89	—	COM CL A	45841N107
ABBV	ABBVIE INC	4,200	$1.057M	0.2%	$152.40	—	COM	00287Y109
WMT	WALMART INC	9,600	$1.087M	0.2%	$56.04	—	COM	931142103
EMR	EMERSON ELEC CO	7,950	$1.138M	0.2%	$92.20	—	COM	291011104
IBM	INTERNATIONAL BUSINESS MACHS	1,750	$492K	0.1%	$172.56	—	COM	459200101
CB	CHUBB LIMITED	1,765	$601K	0.1%	$292.40	—	COM	H1467J104
KMB	KIMBERLY-CLARK CORP	2,160	$237K	0.0%	$110.86	—	COM	494368103
IQV	IQVIA HLDGS INC	1,228	$237K	0.0%	$217.58	—	COM	46266C105
PG	PROCTER & GAMBLE CO	12,511	$1.835M	0.3%	$127.03	—	COM	742718109
BDX	BECTON DICKINSON & CO	4,132	$625K	0.1%	$221.49	—	COM	075887109
MRK	MERCK & CO INC	1,958	$252K	0.0%	$93.24	—	COM	58933Y105
MA	MASTERCARD INCORPORATED	950	$488K	0.1%	$558.95	—	CL A	57636Q104