WENDELL DAVID ASSOCIATES INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Eli Lilly	43,568 (+3.4%)	$47 (+45.6%)	4.8%	$111.23	+759.1%	COMM	532457108
MRK	Merck	55,876 (+1.8%)	$6 (+27.6%)	0.6%	$47.25	+97.3%	COMM	58933Y105
APH	Amphenol 'A'	55,760 (+6.4%)	$8 (+16.2%)	0.8%	$77.93	+71.4%	COMM	032095101
SNPS	Synopsys	4,774 (+81.0%)	$2 (+72.2%)	0.2%	$484.93	-8.4%	COMM	871607107
VEEV	Veeva Systems 'A'	27,130 (+16.9%)	$6 (-12.4%)	0.6%	$237.92	+11.5%	COMM	922475108
AMZN	Amazon.com	40,441 (+3.6%)	$9 (+9.0%)	0.9%	$125.27	+82.6%	COMM	023135106
AJG	Arthur J. Gallagher	19,602 (+7.9%)	$5 (-9.9%)	0.5%	$284.57	-7.2%	COMM	363576109
HEI	HEICO	6,594 (+25.7%)	$2 (+26.0%)	0.2%	$222.69	+41.9%	COMM	422806109
COST	Costco Wholesale	17,756 (+4.9%)	$15 (-2.3%)	1.6%	$353.30	+156.4%	COMM	22160K105
GOOG	Alphabet Class C	3,718 (+2.8%)	$1 (+32.5%)	0.1%	$142.56	+100.8%	COMM	02079K107
DKS	Dick's Sporting Goods	9,766 (+4.5%)	$2 (-6.9%)	0.2%	$207.35	+4.7%	COMM	253393102
AVGO	Broadcom	1,414 (+5.0%)	$0 (+10.1%)	0.0%	$165.49	+115.7%	COMM	11135F101
PFE	Pfizer	60,627 (+5.1%)	$2 (+2.7%)	0.2%	$19.75	+26.7%	COMM	717081103
DIS	Disney, Walt	8,087 (+3.5%)	$1 (+2.9%)	0.1%	$92.39	+18.5%	COMM	254687106
CASY	Casey's General Stores	8,590 (+1.8%)	$5 (-0.5%)	0.5%	$364.28	+50.9%	COMM	147528103
UNH	UnitedHealth Group	767 (+12.8%)	$0 (+7.7%)	0.0%	$340.12	-0.9%	COMM	91324P102
CTAS	Cintas	2,142 (+4.9%)	$0 (-3.8%)	0.0%	$174.40	+7.9%	COMM	172908105
CSL	Carlisle Companies	896 (+1.7%)	$0 (-1.0%)	0.0%	$377.36	-14.5%	COMM	142339100

Exited Positions (2)

— Kellanova 0.1%

Value ($000) $1 Shares 14,100 Est. Cost $40.66 Unrealized +103.3%

GIS General Mills 0.0%

Value ($000) $0 Shares 4,032 Est. Cost $64.57 Unrealized -26.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Kellanova	14,100	$1	0.1%	$40.66	+103.3%	—	487836108
GIS	General Mills	4,032	$0	0.0%	$64.57	-26.5%	—	370334104

Decreased Positions (71)

FISV Fiserv 0.4%

Value ($000) $4 (-74.9%) Shares 54,712 (-51.8%) Est. Cost $50.77 Unrealized +65.2%

ADP Automatic Data Processing 4.6%

Value ($000) $45 (-14.8%) Shares 175,140 (-2.8%) Est. Cost $45.45 Unrealized +482.7%

GOOGL Alphabet Class A 3.6%

Value ($000) $36 (+25.2%) Shares 114,681 (-2.7%) Est. Cost $109.58 Unrealized +160.6%

AMT American Tower REIT 0.3%

Value ($000) $3 (-51.0%) Shares 19,123 (-46.3%) Est. Cost $102.12 Unrealized +76.6%

SYK Stryker 4.0%

Value ($000) $39 (-6.7%) Shares 111,812 (-1.9%) Est. Cost $71.12 Unrealized +411.0%

ABT Abbott Labs 2.7%

Value ($000) $27 (-9.2%) Shares 211,692 (-3.0%) Est. Cost $41.94 Unrealized +203.6%

AAPL Apple 7.1%

Value ($000) $70 (+3.8%) Shares 258,310 (-2.8%) Est. Cost $83.44 Unrealized +221.6%

MA Mastercard 6.4%

Value ($000) $63 (-3.8%) Shares 110,371 (-4.1%) Est. Cost $72.81 Unrealized +667.6%

WSO Watsco 1.1%

Value ($000) $11 (-18.5%) Shares 31,389 (-2.2%) Est. Cost $192.53 Unrealized +85.5%

HD Home Depot 0.9%

Value ($000) $9 (-17.1%) Shares 25,395 (-2.4%) Est. Cost $129.13 Unrealized +182.4%

JNJ Johnson & Johnson 2.1%

Value ($000) $21 (+8.1%) Shares 100,504 (-3.1%) Est. Cost $67.40 Unrealized +192.3%

CHD Church & Dwight 1.2%

Value ($000) $12 (-11.2%) Shares 142,154 (-7.2%) Est. Cost $36.91 Unrealized +131.0%

TJX TJX Companies 5.7%

Value ($000) $56 (+2.6%) Shares 367,334 (-3.4%) Est. Cost $34.69 Unrealized +325.7%

INTU Intuit 2.7%

Value ($000) $26 (-5.2%) Shares 39,451 (-2.3%) Est. Cost $122.30 Unrealized +440.2%

NKE NIKE 'B' 0.8%

Value ($000) $8 (-15.2%) Shares 123,342 (-7.2%) Est. Cost $44.28 Unrealized +46.6%

PG Procter & Gamble 1.3%

Value ($000) $13 (-9.5%) Shares 89,599 (-3.0%) Est. Cost $58.81 Unrealized +150.2%

DHR Danaher 1.1%

Value ($000) $11 (+13.0%) Shares 48,132 (-2.1%) Est. Cost $49.81 Unrealized +340.8%

ORLY O'Reilly Automotive 0.5%

Value ($000) $5 (-20.2%) Shares 53,665 (-5.7%) Est. Cost $87.57 Unrealized +11.6%

FDS FactSet Research Systems 0.6%

Value ($000) $6 (-17.6%) Shares 19,526 (-18.6%) Est. Cost $99.12 Unrealized +182.5%

ABBV AbbVie 2.2%

Value ($000) $22 (-4.7%) Shares 96,321 (-3.4%) Est. Cost $35.96 Unrealized +532.8%

ECL Ecolab 1.9%

Value ($000) $18 (-5.3%) Shares 70,434 (-1.2%) Est. Cost $84.35 Unrealized +215.0%

FAST Fastenal 0.3%

Value ($000) $3 (-23.0%) Shares 73,800 (-5.9%) Est. Cost $25.77 Unrealized +63.1%

SHW Sherwin-Williams 0.7%

Value ($000) $7 (-9.5%) Shares 22,564 (-3.3%) Est. Cost $238.51 Unrealized +40.1%

MKC McCormick 1.0%

Value ($000) $10 (-6.4%) Shares 142,189 (-8.0%) Est. Cost $57.99 Unrealized +13.7%

ACN Accenture 'A' 0.5%

Value ($000) $5 (-11.7%) Shares 17,417 (-18.8%) Est. Cost $121.09 Unrealized +109.8%

NVO Novo Nordisk ADR 0.3%

Value ($000) $3 (-16.7%) Shares 59,793 (-9.2%) Est. Cost $31.28 Unrealized —

XOM ExxonMobil 1.1%

Value ($000) $11 (+5.0%) Shares 92,504 (-1.6%) Est. Cost $56.01 Unrealized +106.2%

ORCL Oracle 0.1%

Value ($000) $1 (-39.0%) Shares 3,885 (-11.9%) Est. Cost $63.75 Unrealized +273.4%

RTX RTX Corporation 0.8%

Value ($000) $8 (+6.3%) Shares 43,534 (-3.0%) Est. Cost $57.69 Unrealized +200.4%

KO Coca-Cola 1.2%

Value ($000) $12 (+3.1%) Shares 169,154 (-2.2%) Est. Cost $28.11 Unrealized +146.8%

CL Colgate-Palmolive 0.6%

Value ($000) $6 (-5.6%) Shares 74,084 (-4.5%) Est. Cost $44.45 Unrealized +76.2%

ISRG Intuitive Surgical 0.3%

Value ($000) $3 (-10.2%) Shares 5,160 (-29.1%) Est. Cost $262.44 Unrealized +102.9%

MCD McDonald's 2.3%

Value ($000) $22 (-1.4%) Shares 72,723 (-2.0%) Est. Cost $75.54 Unrealized +303.9%

UNP Union Pacific 0.2%

Value ($000) $2 (-12.9%) Shares 9,245 (-11.1%) Est. Cost $75.59 Unrealized +200.7%

ITW Illinois Tool Works 0.3%

Value ($000) $3 (-8.4%) Shares 13,533 (-3.0%) Est. Cost $66.37 Unrealized +273.0%

ADI Analog Devices 0.4%

Value ($000) $4 (+8.6%) Shares 13,616 (-1.7%) Est. Cost $155.31 Unrealized +61.4%

LMT Lockheed Martin 0.3%

Value ($000) $3 (-6.9%) Shares 7,041 (-3.9%) Est. Cost $431.90 Unrealized +10.3%

GWW Grainger, W.W. 0.4%

Value ($000) $4 (-6.0%) Shares 3,827 (-11.3%) Est. Cost $211.11 Unrealized +359.0%

CARR Carrier Global 0.1%

Value ($000) $1 (-23.4%) Shares 14,420 (-13.5%) Est. Cost $18.65 Unrealized +197.7%

EXPD Expeditors Int'l 0.1%

Value ($000) $1 (+19.5%) Shares 8,750 (-1.7%) Est. Cost $41.10 Unrealized +230.0%

JKHY Jack Henry & Associates 0.1%

Value ($000) $1 (+18.4%) Shares 7,169 (-3.4%) Est. Cost $64.15 Unrealized +159.1%

DE Deere & Company 0.3%

Value ($000) $3 (-5.9%) Shares 6,879 (-7.6%) Est. Cost $145.99 Unrealized +220.4%

PM Philip Morris Int'l 0.2%

Value ($000) $2 (-10.7%) Shares 10,082 (-9.6%) Est. Cost $55.30 Unrealized +177.7%

BF/B Brown-Forman 'B' 0.1%

Value ($000) $1 (-18.5%) Shares 32,084 (-15.3%) Est. Cost $39.75 Unrealized -29.6%

EQIX Equinix REIT 0.3%

Value ($000) $3 (-5.5%) Shares 4,147 (-3.4%) Est. Cost $811.04 Unrealized -3.7%

TMO Thermo Fisher Scientific 0.1%

Value ($000) $1 (+14.2%) Shares 2,462 (-4.5%) Est. Cost $470.78 Unrealized +20.0%

TSCO Tractor Supply Company 0.0%

Value ($000) $0 (-27.7%) Shares 8,160 (-17.7%) Est. Cost $51.31 Unrealized +4.7%

ZTS Zoetis 0.1%

Value ($000) $1 (-19.4%) Shares 4,772 (-6.1%) Est. Cost $103.60 Unrealized +25.7%

OTIS Otis Worldwide 0.0%

Value ($000) $0 (-26.4%) Shares 4,027 (-22.9%) Est. Cost $50.86 Unrealized +75.5%

MO Altria 0.0%

Value ($000) $0 (-24.6%) Shares 6,181 (-13.4%) Est. Cost $30.55 Unrealized +94.3%

BCPC Balchem 0.3%

Value ($000) $2 (-4.0%) Shares 16,090 (-6.1%) Est. Cost $48.33 Unrealized +214.1%

TMUS T-Mobile US 0.0%

Value ($000) $0 (-24.2%) Shares 1,480 (-10.6%) Est. Cost $138.65 Unrealized +52.4%

VLTO Veralto 0.1%

Value ($000) $1 (-7.7%) Shares 11,579 (-1.3%) Est. Cost $73.75 Unrealized +37.0%

NVDA NVIDIA 0.3%

Value ($000) $2 (-3.5%) Shares 13,392 (-3.5%) Est. Cost $94.88 Unrealized +96.2%

BMY Bristol-Myers Squibb 0.1%

Value ($000) $1 (+14.4%) Shares 13,431 (-4.3%) Est. Cost $46.40 Unrealized +2.4%

PANW Palo Alto Networks 0.1%

Value ($000) $1 (-11.5%) Shares 3,415 (-2.1%) Est. Cost $156.81 Unrealized +28.7%

FLO Flowers Foods 0.0%

Value ($000) $0 (-24.0%) Shares 20,100 (-8.8%) Est. Cost $13.95 Unrealized -18.0%

SBUX Starbucks 0.1%

Value ($000) $1 (-5.8%) Shares 12,045 (-5.3%) Est. Cost $52.17 Unrealized +61.1%

ULTA Ulta Beauty 0.1%

Value ($000) $1 (+5.0%) Shares 1,950 (-5.1%) Est. Cost $330.63 Unrealized +66.3%

BDX Becton, Dickinson 0.3%

Value ($000) $3 (+2.2%) Shares 13,101 (-1.5%) Est. Cost $170.84 Unrealized +11.0%

IDXX IDEXX Labs 0.8%

Value ($000) $8 (-0.6%) Shares 12,313 (-6.2%) Est. Cost $76.94 Unrealized +785.2%

WM Waste Management 0.0%

Value ($000) $0 (-16.8%) Shares 1,152 (-16.4%) Est. Cost $147.68 Unrealized +43.9%

EW Edwards Lifesciences 0.1%

Value ($000) $1 (-5.9%) Shares 9,110 (-14.2%) Est. Cost $72.35 Unrealized +13.4%

GE GE Aerospace 0.1%

Value ($000) $1 (-5.1%) Shares 2,278 (-7.4%) Est. Cost $89.53 Unrealized +236.0%

DUK Duke Energy 0.0%

Value ($000) $0 (-7.3%) Shares 3,790 (-2.1%) Est. Cost $66.83 Unrealized +81.9%

EOG EOG Resources 0.0%

Value ($000) $0 (-8.8%) Shares 3,363 (-2.6%) Est. Cost $60.19 Unrealized +78.1%

ROST Ross Stores 0.1%

Value ($000) $1 (+4.1%) Shares 4,390 (-12.0%) Est. Cost $39.98 Unrealized +316.7%

WMT Walmart 0.9%

Value ($000) $9 (+0.3%) Shares 77,579 (-7.2%) Est. Cost $45.02 Unrealized +138.1%

TXN Texas Instruments 0.0%

Value ($000) $0 (-6.6%) Shares 1,537 (-1.4%) Est. Cost $103.70 Unrealized +64.6%

V Visa 0.7%

Value ($000) $7 (-0.3%) Shares 18,958 (-2.9%) Est. Cost $121.56 Unrealized +180.0%

PEP PepsiCo 1.1%

Value ($000) $11 (+0.1%) Shares 73,940 (-2.1%) Est. Cost $77.99 Unrealized +87.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	Fiserv	54,712 (-51.8%)	$4 (-74.9%)	0.4%	$50.77	+65.2%	COMM	337738108
ADP	Automatic Data Processing	175,140 (-2.8%)	$45 (-14.8%)	4.6%	$45.45	+482.7%	COMM	053015103
GOOGL	Alphabet Class A	114,681 (-2.7%)	$36 (+25.2%)	3.6%	$109.58	+160.6%	COMM	02079K305
AMT	American Tower REIT	19,123 (-46.3%)	$3 (-51.0%)	0.3%	$102.12	+76.6%	COMM	03027X100
SYK	Stryker	111,812 (-1.9%)	$39 (-6.7%)	4.0%	$71.12	+411.0%	COMM	863667101
ABT	Abbott Labs	211,692 (-3.0%)	$27 (-9.2%)	2.7%	$41.94	+203.6%	COMM	002824100
AAPL	Apple	258,310 (-2.8%)	$70 (+3.8%)	7.1%	$83.44	+221.6%	COMM	037833100
MA	Mastercard	110,371 (-4.1%)	$63 (-3.8%)	6.4%	$72.81	+667.6%	COMM	57636Q104
WSO	Watsco	31,389 (-2.2%)	$11 (-18.5%)	1.1%	$192.53	+85.5%	COMM	942622200
HD	Home Depot	25,395 (-2.4%)	$9 (-17.1%)	0.9%	$129.13	+182.4%	COMM	437076102
JNJ	Johnson & Johnson	100,504 (-3.1%)	$21 (+8.1%)	2.1%	$67.40	+192.3%	COMM	478160104
CHD	Church & Dwight	142,154 (-7.2%)	$12 (-11.2%)	1.2%	$36.91	+131.0%	COMM	171340102
TJX	TJX Companies	367,334 (-3.4%)	$56 (+2.6%)	5.7%	$34.69	+325.7%	COMM	872540109
INTU	Intuit	39,451 (-2.3%)	$26 (-5.2%)	2.7%	$122.30	+440.2%	COMM	461202103
NKE	NIKE 'B'	123,342 (-7.2%)	$8 (-15.2%)	0.8%	$44.28	+46.6%	COMM	654106103
PG	Procter & Gamble	89,599 (-3.0%)	$13 (-9.5%)	1.3%	$58.81	+150.2%	COMM	742718109
DHR	Danaher	48,132 (-2.1%)	$11 (+13.0%)	1.1%	$49.81	+340.8%	COMM	235851102
ORLY	O'Reilly Automotive	53,665 (-5.7%)	$5 (-20.2%)	0.5%	$87.57	+11.6%	COMM	67103H107
FDS	FactSet Research Systems	19,526 (-18.6%)	$6 (-17.6%)	0.6%	$99.12	+182.5%	COMM	303075105
ABBV	AbbVie	96,321 (-3.4%)	$22 (-4.7%)	2.2%	$35.96	+532.8%	COMM	00287Y109
ECL	Ecolab	70,434 (-1.2%)	$18 (-5.3%)	1.9%	$84.35	+215.0%	COMM	278865100
FAST	Fastenal	73,800 (-5.9%)	$3 (-23.0%)	0.3%	$25.77	+63.1%	COMM	311900104
SHW	Sherwin-Williams	22,564 (-3.3%)	$7 (-9.5%)	0.7%	$238.51	+40.1%	COMM	824348106
MKC	McCormick	142,189 (-8.0%)	$10 (-6.4%)	1.0%	$57.99	+13.7%	COMM	579780206
ACN	Accenture 'A'	17,417 (-18.8%)	$5 (-11.7%)	0.5%	$121.09	+109.8%	COMM	G1151C101
NVO	Novo Nordisk ADR	59,793 (-9.2%)	$3 (-16.7%)	0.3%	$31.28	—	COMM	670100205
XOM	ExxonMobil	92,504 (-1.6%)	$11 (+5.0%)	1.1%	$56.01	+106.2%	COMM	30231G102
ORCL	Oracle	3,885 (-11.9%)	$1 (-39.0%)	0.1%	$63.75	+273.4%	COMM	68389X105
RTX	RTX Corporation	43,534 (-3.0%)	$8 (+6.3%)	0.8%	$57.69	+200.4%	COMM	75513E101
KO	Coca-Cola	169,154 (-2.2%)	$12 (+3.1%)	1.2%	$28.11	+146.8%	COMM	191216100
CL	Colgate-Palmolive	74,084 (-4.5%)	$6 (-5.6%)	0.6%	$44.45	+76.2%	COMM	194162103
ISRG	Intuitive Surgical	5,160 (-29.1%)	$3 (-10.2%)	0.3%	$262.44	+102.9%	COMM	46120E602
MCD	McDonald's	72,723 (-2.0%)	$22 (-1.4%)	2.3%	$75.54	+303.9%	COMM	580135101
UNP	Union Pacific	9,245 (-11.1%)	$2 (-12.9%)	0.2%	$75.59	+200.7%	COMM	907818108
ITW	Illinois Tool Works	13,533 (-3.0%)	$3 (-8.4%)	0.3%	$66.37	+273.0%	COMM	452308109
ADI	Analog Devices	13,616 (-1.7%)	$4 (+8.6%)	0.4%	$155.31	+61.4%	COMM	032654105
LMT	Lockheed Martin	7,041 (-3.9%)	$3 (-6.9%)	0.3%	$431.90	+10.3%	COMM	539830109
GWW	Grainger, W.W.	3,827 (-11.3%)	$4 (-6.0%)	0.4%	$211.11	+359.0%	COMM	384802104
CARR	Carrier Global	14,420 (-13.5%)	$1 (-23.4%)	0.1%	$18.65	+197.7%	COMM	14448C104
EXPD	Expeditors Int'l	8,750 (-1.7%)	$1 (+19.5%)	0.1%	$41.10	+230.0%	COMM	302130109
JKHY	Jack Henry & Associates	7,169 (-3.4%)	$1 (+18.4%)	0.1%	$64.15	+159.1%	COMM	426281101
DE	Deere & Company	6,879 (-7.6%)	$3 (-5.9%)	0.3%	$145.99	+220.4%	COMM	244199105
PM	Philip Morris Int'l	10,082 (-9.6%)	$2 (-10.7%)	0.2%	$55.30	+177.7%	COMM	718172109
BF/B	Brown-Forman 'B'	32,084 (-15.3%)	$1 (-18.5%)	0.1%	$39.75	-29.6%	COMM	115637209
EQIX	Equinix REIT	4,147 (-3.4%)	$3 (-5.5%)	0.3%	$811.04	-3.7%	COMM	29444U700
TMO	Thermo Fisher Scientific	2,462 (-4.5%)	$1 (+14.2%)	0.1%	$470.78	+20.0%	COMM	883556102
TSCO	Tractor Supply Company	8,160 (-17.7%)	$0 (-27.7%)	0.0%	$51.31	+4.7%	COMM	892356106
ZTS	Zoetis	4,772 (-6.1%)	$1 (-19.4%)	0.1%	$103.60	+25.7%	COMM	98978V103
OTIS	Otis Worldwide	4,027 (-22.9%)	$0 (-26.4%)	0.0%	$50.86	+75.5%	COMM	68902V107
MO	Altria	6,181 (-13.4%)	$0 (-24.6%)	0.0%	$30.55	+94.3%	COMM	02209S103
BCPC	Balchem	16,090 (-6.1%)	$2 (-4.0%)	0.3%	$48.33	+214.1%	COMM	057665200
TMUS	T-Mobile US	1,480 (-10.6%)	$0 (-24.2%)	0.0%	$138.65	+52.4%	COMM	872590104
VLTO	Veralto	11,579 (-1.3%)	$1 (-7.7%)	0.1%	$73.75	+37.0%	COMM	92338C103
NVDA	NVIDIA	13,392 (-3.5%)	$2 (-3.5%)	0.3%	$94.88	+96.2%	COMM	67066G104
BMY	Bristol-Myers Squibb	13,431 (-4.3%)	$1 (+14.4%)	0.1%	$46.40	+2.4%	COMM	110122108
PANW	Palo Alto Networks	3,415 (-2.1%)	$1 (-11.5%)	0.1%	$156.81	+28.7%	COMM	697435105
FLO	Flowers Foods	20,100 (-8.8%)	$0 (-24.0%)	0.0%	$13.95	-18.0%	COMM	343498101
SBUX	Starbucks	12,045 (-5.3%)	$1 (-5.8%)	0.1%	$52.17	+61.1%	COMM	855244109
ULTA	Ulta Beauty	1,950 (-5.1%)	$1 (+5.0%)	0.1%	$330.63	+66.3%	COMM	90384S303
BDX	Becton, Dickinson	13,101 (-1.5%)	$3 (+2.2%)	0.3%	$170.84	+11.0%	COMM	075887109
IDXX	IDEXX Labs	12,313 (-6.2%)	$8 (-0.6%)	0.8%	$76.94	+785.2%	COMM	45168D104
WM	Waste Management	1,152 (-16.4%)	$0 (-16.8%)	0.0%	$147.68	+43.9%	COMM	94106L109
EW	Edwards Lifesciences	9,110 (-14.2%)	$1 (-5.9%)	0.1%	$72.35	+13.4%	COMM	28176E108
GE	GE Aerospace	2,278 (-7.4%)	$1 (-5.1%)	0.1%	$89.53	+236.0%	COMM	369604301
DUK	Duke Energy	3,790 (-2.1%)	$0 (-7.3%)	0.0%	$66.83	+81.9%	COMM	26441C204
EOG	EOG Resources	3,363 (-2.6%)	$0 (-8.8%)	0.0%	$60.19	+78.1%	COMM	26875P101
ROST	Ross Stores	4,390 (-12.0%)	$1 (+4.1%)	0.1%	$39.98	+316.7%	COMM	778296103
WMT	Walmart	77,579 (-7.2%)	$9 (+0.3%)	0.9%	$45.02	+138.1%	COMM	931142103
TXN	Texas Instruments	1,537 (-1.4%)	$0 (-6.6%)	0.0%	$103.70	+64.6%	COMM	882508104
V	Visa	18,958 (-2.9%)	$7 (-0.3%)	0.7%	$121.56	+180.0%	COMM	92826C839
PEP	PepsiCo	73,940 (-2.1%)	$11 (+0.1%)	1.1%	$77.99	+87.1%	COMM	713448108

Unchanged Positions (58)

MSFT Microsoft 6.5%

Value ($000) $64 Shares 132,979 Est. Cost $50.57 Unrealized +889.9%

MPC Marathon Petroleum 1.3%

Value ($000) $12 Shares 76,713 Est. Cost $37.92 Unrealized +391.5%

BR Broadridge Financial Solutions 2.3%

Value ($000) $22 Shares 100,313 Est. Cost $73.46 Unrealized +209.4%

NEE NextEra Energy 2.0%

Value ($000) $20 Shares 250,651 Est. Cost $57.22 Unrealized +44.2%

SYY Sysco 0.5%

Value ($000) $4 Shares 60,600 Est. Cost $29.48 Unrealized +156.1%

AMGN Amgen 0.4%

Value ($000) $4 Shares 10,828 Est. Cost $82.02 Unrealized +285.2%

APD Air Products & Chemicals 0.4%

Value ($000) $4 Shares 15,730 Est. Cost $69.50 Unrealized +262.1%

CSCO Cisco Systems 0.4%

Value ($000) $4 Shares 46,418 Est. Cost $16.31 Unrealized +352.3%

PAYX Paychex 0.3%

Value ($000) $3 Shares 27,268 Est. Cost $28.28 Unrealized +312.1%

HON Honeywell Int'l 0.3%

Value ($000) $3 Shares 13,969 Est. Cost $115.21 Unrealized +69.3%

LOW Lowe's 0.5%

Value ($000) $5 Shares 19,407 Est. Cost $44.88 Unrealized +434.4%

GILD Gilead Sciences 0.2%

Value ($000) $2 Shares 13,440 Est. Cost $56.43 Unrealized +114.2%

CAT Caterpillar 0.1%

Value ($000) $1 Shares 1,443 Est. Cost $129.46 Unrealized +329.1%

HPQ HP 0.1%

Value ($000) $1 Shares 27,700 Est. Cost $11.22 Unrealized +125.1%

VZ Verizon Communications 0.2%

Value ($000) $2 Shares 38,475 Est. Cost $30.82 Unrealized +31.4%

RHHBY Roche Holding Ltd ADR 0.1%

Value ($000) $1 Shares 12,100 Est. Cost $48.75 Unrealized —

IBM IBM 0.2%

Value ($000) $2 Shares 8,257 Est. Cost $120.24 Unrealized +148.5%

QCOM QUALCOMM 0.6%

Value ($000) $6 Shares 34,477 Est. Cost $73.93 Unrealized +131.0%

NOC Northrop Grumman 0.1%

Value ($000) $1 Shares 1,972 Est. Cost $214.95 Unrealized +169.3%

RBC RBC Bearings 0.1%

Value ($000) $1 Shares 1,290 Est. Cost $232.37 Unrealized +82.3%

T AT&T 0.1%

Value ($000) $1 Shares 21,986 Est. Cost $12.93 Unrealized +95.5%

BAC Bank of America 0.1%

Value ($000) $1 Shares 20,385 Est. Cost $23.90 Unrealized +120.3%

MDLZ Mondelez Int'l 0.0%

Value ($000) $0 Shares 6,932 Est. Cost $36.83 Unrealized +54.9%

WSM Williams Sonoma 0.1%

Value ($000) $1 Shares 3,500 Est. Cost $91.96 Unrealized +103.6%

ETN Eaton 0.0%

Value ($000) $0 Shares 921 Est. Cost $211.92 Unrealized +67.2%

— Linde plc 0.0%

Value ($000) $0 Shares 1,076 Est. Cost $0.37 Unrealized —

GPC Genuine Parts 0.0%

Value ($000) $0 Shares 3,305 Est. Cost $68.88 Unrealized +86.8%

EMR Emerson Electric 0.4%

Value ($000) $4 Shares 33,356 Est. Cost $42.81 Unrealized +209.2%

NSC Norfolk Southern 0.1%

Value ($000) $1 Shares 4,025 Est. Cost $165.22 Unrealized +74.7%

PFF iShares S&P US Pfd ETF 0.2%

Value ($000) $2 Shares 63,162 Est. Cost $37.44 Unrealized —

AME Ametek 0.0%

Value ($000) $0 Shares 2,075 Est. Cost $154.26 Unrealized +26.0%

INGR Ingredion 0.0%

Value ($000) $0 Shares 3,000 Est. Cost $80.34 Unrealized +40.4%

— Fortune Brands Home & Security 0.1%

Value ($000) $1 Shares 10,347 Est. Cost $66.64 Unrealized —

PPG PPG Industries 0.1%

Value ($000) $1 Shares 12,457 Est. Cost $91.06 Unrealized +9.9%

ALCO Alico 0.1%

Value ($000) $1 Shares 17,866 Est. Cost $27.33 Unrealized +27.2%

— CIGNA 0.1%

Value ($000) $1 Shares 2,317 Est. Cost $0.36 Unrealized —

MMM 3M Company 0.1%

Value ($000) $1 Shares 8,453 Est. Cost $78.27 Unrealized +108.5%

TRMB Trimble 0.1%

Value ($000) $1 Shares 8,700 Est. Cost $30.56 Unrealized +160.8%

JPM JPMorgan Chase 0.1%

Value ($000) $1 Shares 4,000 Est. Cost $67.99 Unrealized +355.3%

HSY Hershey Company 0.1%

Value ($000) $1 Shares 5,369 Est. Cost $170.33 Unrealized +6.9%

GEV GE Vernova 0.0%

Value ($000) $0 Shares 660 Est. Cost $415.97 Unrealized +46.4%

META Meta Platforms Cl A 0.0%

Value ($000) $0 Shares 323 Est. Cost $616.61 Unrealized +8.2%

RSG Republic Services 0.0%

Value ($000) $0 Shares 1,275 Est. Cost $151.78 Unrealized +41.4%

CVX Chevron 0.1%

Value ($000) $1 Shares 7,866 Est. Cost $90.00 Unrealized +68.2%

LHX L3 Harris Technologies 0.0%

Value ($000) $0 Shares 1,595 Est. Cost $180.73 Unrealized +59.6%

TT Trane Technologies plc 0.0%

Value ($000) $0 Shares 565 Est. Cost $313.71 Unrealized +31.8%

DRI Darden Restaurants 0.0%

Value ($000) $0 Shares 2,500 Est. Cost $147.14 Unrealized +23.8%

GLW Corning 0.0%

Value ($000) $0 Shares 2,477 Est. Cost $64.97 Unrealized +32.3%

COP ConocoPhillips 0.1%

Value ($000) $1 Shares 12,991 Est. Cost $83.37 Unrealized +8.0%

ALL Allstate 0.0%

Value ($000) $0 Shares 2,000 Est. Cost $86.64 Unrealized +135.5%

HPE Hewlett Packard Enterprise 0.0%

Value ($000) $0 Shares 19,200 Est. Cost $6.50 Unrealized +260.7%

BRK/B Berkshire Hathaway 'B' 0.7%

Value ($000) $7 Shares 14,340 Est. Cost $184.96 Unrealized +169.0%

CSX CSX 0.0%

Value ($000) $0 Shares 13,368 Est. Cost $26.09 Unrealized +36.8%

KMI Kinder Morgan Delaware 0.0%

Value ($000) $0 Shares 10,000 Est. Cost $13.20 Unrealized +103.9%

IMRX Immuneering Corp 'A' 0.0%

Value ($000) $0 Shares 15,000 Est. Cost $5.19 Unrealized +23.7%

GD General Dynamics 0.0%

Value ($000) $0 Shares 700 Est. Cost $255.81 Unrealized +33.2%

BRK/A Berkshire Hathaway 'A' 0.1%

Value ($000) $1 Shares 1 Est. Cost $199512.94 Unrealized +274.1%

BSTK Brite-Strike Tactical Illumina 0.0%

Value ($000) $0 Shares 53,000 Est. Cost $0.02 Unrealized -41.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft	132,979	$64	6.5%	$50.57	+889.9%	COMM	594918104
MPC	Marathon Petroleum	76,713	$12	1.3%	$37.92	+391.5%	COMM	56585A102
BR	Broadridge Financial Solutions	100,313	$22	2.3%	$73.46	+209.4%	COMM	11133T103
NEE	NextEra Energy	250,651	$20	2.0%	$57.22	+44.2%	COMM	65339F101
SYY	Sysco	60,600	$4	0.5%	$29.48	+156.1%	COMM	871829107
AMGN	Amgen	10,828	$4	0.4%	$82.02	+285.2%	COMM	031162100
APD	Air Products & Chemicals	15,730	$4	0.4%	$69.50	+262.1%	COMM	009158106
CSCO	Cisco Systems	46,418	$4	0.4%	$16.31	+352.3%	COMM	17275R102
PAYX	Paychex	27,268	$3	0.3%	$28.28	+312.1%	COMM	704326107
HON	Honeywell Int'l	13,969	$3	0.3%	$115.21	+69.3%	COMM	438516106
LOW	Lowe's	19,407	$5	0.5%	$44.88	+434.4%	COMM	548661107
GILD	Gilead Sciences	13,440	$2	0.2%	$56.43	+114.2%	COMM	375558103
CAT	Caterpillar	1,443	$1	0.1%	$129.46	+329.1%	COMM	149123101
HPQ	HP	27,700	$1	0.1%	$11.22	+125.1%	COMM	40434L105
VZ	Verizon Communications	38,475	$2	0.2%	$30.82	+31.4%	COMM	92343V104
RHHBY	Roche Holding Ltd ADR	12,100	$1	0.1%	$48.75	—	COMM	771195104
IBM	IBM	8,257	$2	0.2%	$120.24	+148.5%	COMM	459200101
QCOM	QUALCOMM	34,477	$6	0.6%	$73.93	+131.0%	COMM	747525103
NOC	Northrop Grumman	1,972	$1	0.1%	$214.95	+169.3%	COMM	666807102
RBC	RBC Bearings	1,290	$1	0.1%	$232.37	+82.3%	COMM	75524B104
T	AT&T	21,986	$1	0.1%	$12.93	+95.5%	COMM	00206R102
BAC	Bank of America	20,385	$1	0.1%	$23.90	+120.3%	COMM	060505104
MDLZ	Mondelez Int'l	6,932	$0	0.0%	$36.83	+54.9%	COMM	609207105
WSM	Williams Sonoma	3,500	$1	0.1%	$91.96	+103.6%	COMM	969904101
ETN	Eaton	921	$0	0.0%	$211.92	+67.2%	COMM	G29183103
—	Linde plc	1,076	$0	0.0%	$0.37	—	COMM	G5494J103
GPC	Genuine Parts	3,305	$0	0.0%	$68.88	+86.8%	COMM	372460105
EMR	Emerson Electric	33,356	$4	0.4%	$42.81	+209.2%	COMM	291011104
NSC	Norfolk Southern	4,025	$1	0.1%	$165.22	+74.7%	COMM	655844108
PFF	iShares S&P US Pfd ETF	63,162	$2	0.2%	$37.44	—	DEBT	464288687
AME	Ametek	2,075	$0	0.0%	$154.26	+26.0%	COMM	031100100
INGR	Ingredion	3,000	$0	0.0%	$80.34	+40.4%	COMM	457187102
—	Fortune Brands Home & Security	10,347	$1	0.1%	$66.64	—	COMM	34964c106
PPG	PPG Industries	12,457	$1	0.1%	$91.06	+9.9%	COMM	693506107
ALCO	Alico	17,866	$1	0.1%	$27.33	+27.2%	COMM	016230104
—	CIGNA	2,317	$1	0.1%	$0.36	—	COMM	125509109
MMM	3M Company	8,453	$1	0.1%	$78.27	+108.5%	COMM	88579Y101
TRMB	Trimble	8,700	$1	0.1%	$30.56	+160.8%	COMM	896239100
JPM	JPMorgan Chase	4,000	$1	0.1%	$67.99	+355.3%	COMM	46625H100
HSY	Hershey Company	5,369	$1	0.1%	$170.33	+6.9%	COMM	427866108
GEV	GE Vernova	660	$0	0.0%	$415.97	+46.4%	COMM	36828A101
META	Meta Platforms Cl A	323	$0	0.0%	$616.61	+8.2%	COMM	30303M102
RSG	Republic Services	1,275	$0	0.0%	$151.78	+41.4%	COMM	760759100
CVX	Chevron	7,866	$1	0.1%	$90.00	+68.2%	COMM	166764100
LHX	L3 Harris Technologies	1,595	$0	0.0%	$180.73	+59.6%	COMM	502431109
TT	Trane Technologies plc	565	$0	0.0%	$313.71	+31.8%	COMM	G8994E103
DRI	Darden Restaurants	2,500	$0	0.0%	$147.14	+23.8%	COMM	237194105
GLW	Corning	2,477	$0	0.0%	$64.97	+32.3%	COMM	219350105
COP	ConocoPhillips	12,991	$1	0.1%	$83.37	+8.0%	COMM	20825C104
ALL	Allstate	2,000	$0	0.0%	$86.64	+135.5%	COMM	020002101
HPE	Hewlett Packard Enterprise	19,200	$0	0.0%	$6.50	+260.7%	COMM	42824C109
BRK/B	Berkshire Hathaway 'B'	14,340	$7	0.7%	$184.96	+169.0%	COMM	084670702
CSX	CSX	13,368	$0	0.0%	$26.09	+36.8%	COMM	126408103
KMI	Kinder Morgan Delaware	10,000	$0	0.0%	$13.20	+103.9%	COMM	49456B101
IMRX	Immuneering Corp 'A'	15,000	$0	0.0%	$5.19	+23.7%	COMM	45254E107
GD	General Dynamics	700	$0	0.0%	$255.81	+33.2%	COMM	369550108
BRK/A	Berkshire Hathaway 'A'	1	$1	0.1%	$199512.94	+274.1%	COMM	084670108
BSTK	Brite-Strike Tactical Illumina	53,000	$0	0.0%	$0.02	-41.2%	COMM	11041N206