ARMSTRONG HENRY H ASSOCIATES INC Diversified Active

Period: Q4 2025 (← Previous)

Filing Date: Jan 6, 2026

Total Value ($000): $1,076,722 (100.0% shares, 0.0% debt)

Holdings (62)

New Positions (1)

Value ($000) $208 Shares 1,973 Est. Cost $93.24 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRK	MERCK & CO INC	1,973	$208	0.0%	$93.24	0.0%	COM	58933Y105

Increased Positions (3)

ASML ASML HOLDING N V 0.6%

Value ($000) $6,951 (+55.6%) Shares 6,497 (+40.8%) Est. Cost $870.84 Unrealized —

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $2,894 (+94.6%) Shares 35,420 (+133.3%) Est. Cost $91.53 Unrealized -1.6%

RBA RB GLOBAL INC 0.2%

Value ($000) $2,372 (+55.3%) Shares 23,055 (+63.6%) Est. Cost $90.75 Unrealized +11.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HOLDING N V	6,497 (+40.8%)	$6,951 (+55.6%)	0.6%	$870.84	—	N Y REGISTRY SHS	N07059210
UBER	UBER TECHNOLOGIES INC	35,420 (+133.3%)	$2,894 (+94.6%)	0.3%	$91.53	-1.6%	COM	90353T100
RBA	RB GLOBAL INC	23,055 (+63.6%)	$2,372 (+55.3%)	0.2%	$90.75	+11.9%	COM	74935Q107

Exited Positions (1)

ORCL ORACLE CORP 0.0%

Value ($000) $259 Shares 922 Est. Cost $160.80 Unrealized +48.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	922	$259	0.0%	$160.80	+48.0%	—	68389X105

Decreased Positions (25)

MSFT MICROSOFT CORP 28.5%

Value ($000) $306,681 (-8.3%) Shares 634,137 (-1.8%) Est. Cost $28.04 Unrealized +1685.5%

GOOG ALPHABET INC 2.7%

Value ($000) $29,425 (+26.4%) Shares 93,770 (-1.9%) Est. Cost $109.24 Unrealized +162.1%

APD AIR PRODS & CHEMS INC 1.1%

Value ($000) $12,260 (-32.0%) Shares 49,632 (-24.9%) Est. Cost $192.54 Unrealized +30.7%

JNJ JOHNSON & JOHNSON 6.2%

Value ($000) $66,389 (+9.2%) Shares 320,797 (-2.1%) Est. Cost $61.71 Unrealized +219.3%

PG PROCTER AND GAMBLE CO 4.7%

Value ($000) $50,857 (-9.8%) Shares 354,872 (-3.3%) Est. Cost $58.90 Unrealized +149.8%

BRK/A BERKSHIRE HATHAWAY INC DEL 19.6%

Value ($000) $210,589 (-1.7%) Shares 279 (-1.8%) Est. Cost $608601.20 Unrealized +22.6%

FAST FASTENAL CO 0.8%

Value ($000) $8,412 (-26.3%) Shares 209,625 (-10.0%) Est. Cost $38.40 Unrealized +9.4%

MCO MOODYS CORP 6.8%

Value ($000) $73,677 (+4.0%) Shares 144,224 (-3.0%) Est. Cost $55.96 Unrealized +770.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 17.1%

Value ($000) $183,604 (-1.3%) Shares 365,272 (-1.2%) Est. Cost $159.47 Unrealized +212.0%

GOOGL ALPHABET INC 1.0%

Value ($000) $10,845 (+26.0%) Shares 34,647 (-2.1%) Est. Cost $107.78 Unrealized +165.0%

MDT MEDTRONIC PLC 0.9%

Value ($000) $9,599 (-6.8%) Shares 99,929 (-7.6%) Est. Cost $68.80 Unrealized +41.2%

ADP AUTOMATIC DATA PROCESSING IN 0.3%

Value ($000) $3,624 (-15.9%) Shares 14,090 (-4.1%) Est. Cost $47.22 Unrealized +460.9%

ABT ABBOTT LABS 0.2%

Value ($000) $2,392 (-19.9%) Shares 19,093 (-14.4%) Est. Cost $31.52 Unrealized +303.9%

MA MASTERCARD INCORPORATED 0.7%

Value ($000) $7,467 (-6.6%) Shares 13,079 (-6.9%) Est. Cost $155.38 Unrealized +259.7%

WAT WATERS CORP 0.1%

Value ($000) $1,573 (+22.9%) Shares 4,141 (-3.0%) Est. Cost $207.35 Unrealized +77.5%

KO COCA COLA CO 0.9%

Value ($000) $9,183 (+2.0%) Shares 131,357 (-3.3%) Est. Cost $29.79 Unrealized +133.0%

RTX RTX CORPORATION 0.0%

Value ($000) $293 (-33.4%) Shares 1,598 (-39.2%) Est. Cost $76.14 Unrealized +127.6%

NVO NOVO-NORDISK A S 0.0%

Value ($000) $339 (-25.6%) Shares 6,664 (-18.8%) Est. Cost $95.27 Unrealized —

GEV GE VERNOVA INC 0.2%

Value ($000) $1,699 (-4.6%) Shares 2,600 (-10.3%) Est. Cost $158.10 Unrealized +285.2%

PEP PEPSICO INC 0.2%

Value ($000) $2,324 (-3.3%) Shares 16,190 (-5.4%) Est. Cost $60.82 Unrealized +139.9%

TJX TJX COS INC NEW 0.1%

Value ($000) $1,193 (+5.2%) Shares 7,767 (-1.0%) Est. Cost $40.76 Unrealized +262.4%

IVV ISHARES TR 0.0%

Value ($000) $286 (-16.7%) Shares 417 (-18.6%) Est. Cost $417.29 Unrealized —

MKC MCCORMICK & CO INC 0.1%

Value ($000) $790 (-2.8%) Shares 11,598 (-4.5%) Est. Cost $69.53 Unrealized -5.2%

EMR EMERSON ELEC CO 0.0%

Value ($000) $535 (-3.6%) Shares 4,034 (-4.7%) Est. Cost $46.94 Unrealized +182.0%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $921 (-1.0%) Shares 7,657 (-7.3%) Est. Cost $61.00 Unrealized +89.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	634,137 (-1.8%)	$306,681 (-8.3%)	28.5%	$28.04	+1685.5%	COM	594918104
GOOG	ALPHABET INC	93,770 (-1.9%)	$29,425 (+26.4%)	2.7%	$109.24	+162.1%	CAP STK CL C	02079K107
APD	AIR PRODS & CHEMS INC	49,632 (-24.9%)	$12,260 (-32.0%)	1.1%	$192.54	+30.7%	COM	009158106
JNJ	JOHNSON & JOHNSON	320,797 (-2.1%)	$66,389 (+9.2%)	6.2%	$61.71	+219.3%	COM	478160104
PG	PROCTER AND GAMBLE CO	354,872 (-3.3%)	$50,857 (-9.8%)	4.7%	$58.90	+149.8%	COM	742718109
BRK/A	BERKSHIRE HATHAWAY INC DEL	279 (-1.8%)	$210,589 (-1.7%)	19.6%	$608601.20	+22.6%	CL A	084670108
FAST	FASTENAL CO	209,625 (-10.0%)	$8,412 (-26.3%)	0.8%	$38.40	+9.4%	COM	311900104
MCO	MOODYS CORP	144,224 (-3.0%)	$73,677 (+4.0%)	6.8%	$55.96	+770.9%	COM	615369105
BRK/B	BERKSHIRE HATHAWAY INC DEL	365,272 (-1.2%)	$183,604 (-1.3%)	17.1%	$159.47	+212.0%	CL B NEW	084670702
GOOGL	ALPHABET INC	34,647 (-2.1%)	$10,845 (+26.0%)	1.0%	$107.78	+165.0%	CAP STK CL A	02079K305
MDT	MEDTRONIC PLC	99,929 (-7.6%)	$9,599 (-6.8%)	0.9%	$68.80	+41.2%	SHS	G5960L103
ADP	AUTOMATIC DATA PROCESSING IN	14,090 (-4.1%)	$3,624 (-15.9%)	0.3%	$47.22	+460.9%	COM	053015103
ABT	ABBOTT LABS	19,093 (-14.4%)	$2,392 (-19.9%)	0.2%	$31.52	+303.9%	COM	002824100
MA	MASTERCARD INCORPORATED	13,079 (-6.9%)	$7,467 (-6.6%)	0.7%	$155.38	+259.7%	CL A	57636Q104
WAT	WATERS CORP	4,141 (-3.0%)	$1,573 (+22.9%)	0.1%	$207.35	+77.5%	COM	941848103
KO	COCA COLA CO	131,357 (-3.3%)	$9,183 (+2.0%)	0.9%	$29.79	+133.0%	COM	191216100
RTX	RTX CORPORATION	1,598 (-39.2%)	$293 (-33.4%)	0.0%	$76.14	+127.6%	COM	75513E101
NVO	NOVO-NORDISK A S	6,664 (-18.8%)	$339 (-25.6%)	0.0%	$95.27	—	ADR	670100205
GEV	GE VERNOVA INC	2,600 (-10.3%)	$1,699 (-4.6%)	0.2%	$158.10	+285.2%	COM	36828A101
PEP	PEPSICO INC	16,190 (-5.4%)	$2,324 (-3.3%)	0.2%	$60.82	+139.9%	COM	713448108
TJX	TJX COS INC NEW	7,767 (-1.0%)	$1,193 (+5.2%)	0.1%	$40.76	+262.4%	COM	872540109
IVV	ISHARES TR	417 (-18.6%)	$286 (-16.7%)	0.0%	$417.29	—	CORE S&P500 ETF	464287200
MKC	MCCORMICK & CO INC	11,598 (-4.5%)	$790 (-2.8%)	0.1%	$69.53	-5.2%	COM NON VTG	579780206
EMR	EMERSON ELEC CO	4,034 (-4.7%)	$535 (-3.6%)	0.0%	$46.94	+182.0%	COM	291011104
XOM	EXXON MOBIL CORP	7,657 (-7.3%)	$921 (-1.0%)	0.1%	$61.00	+89.3%	COM	30231G102

Unchanged Positions (33)

AAPL APPLE INC 1.5%

Value ($000) $16,030 Shares 58,963 Est. Cost $92.69 Unrealized +189.5%

HD HOME DEPOT INC 0.3%

Value ($000) $3,749 Shares 10,896 Est. Cost $198.04 Unrealized +84.1%

J JACOBS SOLUTIONS INC 0.2%

Value ($000) $2,263 Shares 17,081 Est. Cost $115.29 Unrealized +27.0%

UNP UNION PAC CORP 1.4%

Value ($000) $15,297 Shares 66,130 Est. Cost $134.84 Unrealized +68.6%

MU MICRON TECHNOLOGY INC 0.0%

Value ($000) $514 Shares 1,800 Est. Cost $93.22 Unrealized +146.0%

AMZN AMAZON COM INC 0.3%

Value ($000) $2,708 Shares 11,732 Est. Cost $123.55 Unrealized +85.2%

GE GE AEROSPACE 0.3%

Value ($000) $3,710 Shares 12,043 Est. Cost $63.82 Unrealized +371.4%

ADSK AUTODESK INC 0.1%

Value ($000) $1,028 Shares 3,473 Est. Cost $281.26 Unrealized +7.6%

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $3,187 Shares 4,674 Est. Cost $377.45 Unrealized —

CDNA CAREDX INC 0.0%

Value ($000) $302 Shares 16,036 Est. Cost $28.46 Unrealized -41.1%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $924 Shares 1,071 Est. Cost $224.77 Unrealized +303.0%

MMM 3M CO 0.2%

Value ($000) $1,854 Shares 11,580 Est. Cost $62.65 Unrealized +160.5%

ABBV ABBVIE INC 0.4%

Value ($000) $4,054 Shares 17,741 Est. Cost $29.61 Unrealized +668.6%

WMT WALMART INC 0.1%

Value ($000) $709 Shares 6,364 Est. Cost $50.44 Unrealized +112.5%

V VISA INC 0.2%

Value ($000) $2,313 Shares 6,595 Est. Cost $272.36 Unrealized +25.0%

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $1,492 Shares 4,449 Est. Cost $169.18 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $663 Shares 2,238 Est. Cost $117.57 Unrealized +154.1%

SCHW SCHWAB CHARLES CORP 0.1%

Value ($000) $609 Shares 6,091 Est. Cost $40.49 Unrealized +134.0%

SHW SHERWIN WILLIAMS CO 0.0%

Value ($000) $389 Shares 1,200 Est. Cost $246.25 Unrealized +35.7%

GLW CORNING INC 0.0%

Value ($000) $390 Shares 4,450 Est. Cost $40.86 Unrealized +110.4%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.0%

Value ($000) $286 Shares 3,489 Est. Cost $71.13 Unrealized +9.5%

BHC BAUSCH HEALTH COS INC 0.0%

Value ($000) $307 Shares 44,215 Est. Cost $22.90 Unrealized -71.3%

SOLV SOLVENTUM CORP 0.0%

Value ($000) $252 Shares 3,175 Est. Cost $60.14 Unrealized +27.3%

DCI DONALDSON INC 0.0%

Value ($000) $248 Shares 2,800 Est. Cost $74.82 Unrealized +15.5%

PFE PFIZER INC 0.0%

Value ($000) $383 Shares 15,394 Est. Cost $23.60 Unrealized +6.1%

VO VANGUARD INDEX FDS 0.1%

Value ($000) $652 Shares 2,248 Est. Cost $258.62 Unrealized —

DIS DISNEY WALT CO 0.1%

Value ($000) $1,031 Shares 9,059 Est. Cost $58.53 Unrealized +87.1%

VB VANGUARD INDEX FDS 0.0%

Value ($000) $450 Shares 1,745 Est. Cost $221.75 Unrealized —

VOO VANGUARD INDEX FDS 0.0%

Value ($000) $211 Shares 336 Est. Cost $612.38 Unrealized —

CVX CHEVRON CORP NEW 0.0%

Value ($000) $241 Shares 1,578 Est. Cost $151.24 Unrealized +0.1%

TSLA TESLA INC 0.0%

Value ($000) $209 Shares 464 Est. Cost $346.84 Unrealized +27.8%

NVDA NVIDIA CORPORATION 0.3%

Value ($000) $2,867 Shares 15,372 Est. Cost $108.37 Unrealized +71.8%

NXDR NEXTDOOR HOLDINGS INC 0.0%

Value ($000) $21 Shares 10,209 Est. Cost $2.34 Unrealized -16.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	58,963	$16,030	1.5%	$92.69	+189.5%	COM	037833100
HD	HOME DEPOT INC	10,896	$3,749	0.3%	$198.04	+84.1%	COM	437076102
J	JACOBS SOLUTIONS INC	17,081	$2,263	0.2%	$115.29	+27.0%	COM	46982L108
UNP	UNION PAC CORP	66,130	$15,297	1.4%	$134.84	+68.6%	COM	907818108
MU	MICRON TECHNOLOGY INC	1,800	$514	0.0%	$93.22	+146.0%	COM	595112103
AMZN	AMAZON COM INC	11,732	$2,708	0.3%	$123.55	+85.2%	COM	023135106
GE	GE AEROSPACE	12,043	$3,710	0.3%	$63.82	+371.4%	COM NEW	369604301
ADSK	AUTODESK INC	3,473	$1,028	0.1%	$281.26	+7.6%	COM	052769106
SPY	SPDR S&P 500 ETF TR	4,674	$3,187	0.3%	$377.45	—	TR UNIT	78462F103
CDNA	CAREDX INC	16,036	$302	0.0%	$28.46	-41.1%	COM	14167L103
COST	COSTCO WHSL CORP NEW	1,071	$924	0.1%	$224.77	+303.0%	COM	22160K105
MMM	3M CO	11,580	$1,854	0.2%	$62.65	+160.5%	COM	88579Y101
ABBV	ABBVIE INC	17,741	$4,054	0.4%	$29.61	+668.6%	COM	00287Y109
WMT	WALMART INC	6,364	$709	0.1%	$50.44	+112.5%	COM	931142103
V	VISA INC	6,595	$2,313	0.2%	$272.36	+25.0%	COM CL A	92826C839
VTI	VANGUARD INDEX FDS	4,449	$1,492	0.1%	$169.18	—	TOTAL STK MKT	922908769
IBM	INTERNATIONAL BUSINESS MACHS	2,238	$663	0.1%	$117.57	+154.1%	COM	459200101
SCHW	SCHWAB CHARLES CORP	6,091	$609	0.1%	$40.49	+134.0%	COM	808513105
SHW	SHERWIN WILLIAMS CO	1,200	$389	0.0%	$246.25	+35.7%	COM	824348106
GLW	CORNING INC	4,450	$390	0.0%	$40.86	+110.4%	COM	219350105
GEHC	GE HEALTHCARE TECHNOLOGIES I	3,489	$286	0.0%	$71.13	+9.5%	COMMON STOCK	36266G107
BHC	BAUSCH HEALTH COS INC	44,215	$307	0.0%	$22.90	-71.3%	COM	071734107
SOLV	SOLVENTUM CORP	3,175	$252	0.0%	$60.14	+27.3%	COM SHS	83444M101
DCI	DONALDSON INC	2,800	$248	0.0%	$74.82	+15.5%	COM	257651109
PFE	PFIZER INC	15,394	$383	0.0%	$23.60	+6.1%	COM	717081103
VO	VANGUARD INDEX FDS	2,248	$652	0.1%	$258.62	—	MID CAP ETF	922908629
DIS	DISNEY WALT CO	9,059	$1,031	0.1%	$58.53	+87.1%	COM	254687106
VB	VANGUARD INDEX FDS	1,745	$450	0.0%	$221.75	—	SMALL CP ETF	922908751
VOO	VANGUARD INDEX FDS	336	$211	0.0%	$612.38	—	S&P 500 ETF SHS	922908363
CVX	CHEVRON CORP NEW	1,578	$241	0.0%	$151.24	+0.1%	COM	166764100
TSLA	TESLA INC	464	$209	0.0%	$346.84	+27.8%	COM	88160R101
NVDA	NVIDIA CORPORATION	15,372	$2,867	0.3%	$108.37	+71.8%	COM	67066G104
NXDR	NEXTDOOR HOLDINGS INC	10,209	$21	0.0%	$2.34	-16.2%	COM CL A	65345M108