AR ASSET MANAGEMENT INC Diversified Active

CIK: 0001080166 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 9, 2026

Total Value ($000): $490 (100.0% shares, 0.0% debt)

Holdings (115)

New Positions (5)

DIS DISNEY WALT CO 0.2%

Value ($000) $1 Shares 10,000 Est. Cost $109.53 Unrealized 0.0%

— ENBRIDGE INC. 0.2%

Value ($000) $1 Shares 20,000 Est. Cost $0.05 Unrealized —

AVGO BROADCOM INC. 0.1%

Value ($000) $1 Shares 1,800 Est. Cost $357.00 Unrealized 0.0%

COST COSTCO WHOLESALE CORP 0.1%

Value ($000) $1 Shares 600 Est. Cost $905.73 Unrealized 0.0%

CAH CARDINAL HEALTH INC. 0.0%

Value ($000) $0 Shares 1,002 Est. Cost $187.72 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DIS	DISNEY WALT CO	10,000	$1	0.2%	$109.53	0.0%	COM	254687106
—	ENBRIDGE INC.	20,000	$1	0.2%	$0.05	—	COM	29250n105
AVGO	BROADCOM INC.	1,800	$1	0.1%	$357.00	0.0%	COM	11135F101
COST	COSTCO WHOLESALE CORP	600	$1	0.1%	$905.73	0.0%	COM	22160K105
CAH	CARDINAL HEALTH INC.	1,002	$0	0.0%	$187.72	0.0%	COM	14149Y108

Increased Positions (6)

— VISA INC. 0.3%

Value ($000) $1 (+399.3%) Shares 4,185 (+386.6%) Est. Cost $0.35 Unrealized —

MO ALTRIA GROUP INC. 1.2%

Value ($000) $6 (-11.6%) Shares 104,401 (+1.3%) Est. Cost $22.84 Unrealized +159.9%

— ON HOLDING AG 0.3%

Value ($000) $2 (+53.6%) Shares 35,000 (+40.0%) Est. Cost $0.05 Unrealized —

BTI BRITISH AMERICAN TOBACCO PLC - 0.7%

Value ($000) $3 (+9.5%) Shares 61,464 (+2.7%) Est. Cost $12.50 Unrealized —

— ZOETIS INC. 1.0%

Value ($000) $5 (-3.9%) Shares 37,864 (+11.8%) Est. Cost $0.15 Unrealized —

XOM EXXON MOBIL CORPORATION 0.3%

Value ($000) $1 (+12.2%) Shares 12,300 (+5.1%) Est. Cost $78.42 Unrealized +47.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	VISA INC.	4,185 (+386.6%)	$1 (+399.3%)	0.3%	$0.35	—	COM	92826c839
MO	ALTRIA GROUP INC.	104,401 (+1.3%)	$6 (-11.6%)	1.2%	$22.84	+159.9%	COM	02209S103
—	ON HOLDING AG	35,000 (+40.0%)	$2 (+53.6%)	0.3%	$0.05	—	COM	h5919c104
BTI	BRITISH AMERICAN TOBACCO PLC -	61,464 (+2.7%)	$3 (+9.5%)	0.7%	$12.50	—	COM	110448107
—	ZOETIS INC.	37,864 (+11.8%)	$5 (-3.9%)	1.0%	$0.15	—	COM	98978v103
XOM	EXXON MOBIL CORPORATION	12,300 (+5.1%)	$1 (+12.2%)	0.3%	$78.42	+47.3%	COM	30231G102

Exited Positions (1)

— SANOFI ADR 0.1%

Value ($000) $1 Shares 14,000 Est. Cost $0.05 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SANOFI ADR	14,000	$1	0.1%	$0.05	—	—	80105n105

Decreased Positions (4)

— REXFORD INDUSTRIAL REALTY, INC 0.5%

Value ($000) $2 (-30.3%) Shares 57,050 (-26.0%) Est. Cost $0.04 Unrealized —

CL COLGATE-PALMOLIVE COMPANY 0.2%

Value ($000) $1 (-34.1%) Shares 12,000 (-33.3%) Est. Cost $93.07 Unrealized -15.9%

NVDA NVIDIA CORPORATION 3.0%

Value ($000) $15 (-2.0%) Shares 78,230 (-1.9%) Est. Cost $93.96 Unrealized +98.1%

— ENERGY TRANSFER LP 1.1%

Value ($000) $5 (-5.1%) Shares 314,420 (-1.3%) Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	REXFORD INDUSTRIAL REALTY, INC	57,050 (-26.0%)	$2 (-30.3%)	0.5%	$0.04	—	COM	76169c100
CL	COLGATE-PALMOLIVE COMPANY	12,000 (-33.3%)	$1 (-34.1%)	0.2%	$93.07	-15.9%	COM	194162103
NVDA	NVIDIA CORPORATION	78,230 (-1.9%)	$15 (-2.0%)	3.0%	$93.96	+98.1%	COM	67066G104
—	ENERGY TRANSFER LP	314,420 (-1.3%)	$5 (-5.1%)	1.1%	$0.02	—	COM	29273v100

Unchanged Positions (100)

GOOG ALPHABET INC. CL C 4.2%

Value ($000) $21 Shares 65,390 Est. Cost $107.21 Unrealized +167.1%

AAPL APPLE INC. 13.8%

Value ($000) $68 Shares 249,153 Est. Cost $83.83 Unrealized +220.1%

MRK MERCK & CO., INC. 3.3%

Value ($000) $16 Shares 155,220 Est. Cost $43.21 Unrealized +115.8%

— IRON MOUNTAIN INC. REIT 2.2%

Value ($000) $11 Shares 130,600 Est. Cost $0.10 Unrealized —

— GENERAL MOTORS COMPANY 1.9%

Value ($000) $9 Shares 113,540 Est. Cost $0.05 Unrealized —

HD HOME DEPOT 1.4%

Value ($000) $7 Shares 19,250 Est. Cost $56.05 Unrealized +550.4%

RHHBY ROCHE HOLDING LTD ADR 1.1%

Value ($000) $6 Shares 107,700 Est. Cost $40.63 Unrealized —

MSFT MICROSOFT CORPORATION 2.4%

Value ($000) $12 Shares 24,399 Est. Cost $153.22 Unrealized +226.7%

PG PROCTER & GAMBLE CO 2.2%

Value ($000) $11 Shares 75,359 Est. Cost $56.77 Unrealized +159.2%

WMT WALMART INC. 1.8%

Value ($000) $9 Shares 80,300 Est. Cost $44.02 Unrealized +143.5%

BMY BRISTOL-MYERS SQUIBB CO 0.8%

Value ($000) $4 Shares 74,774 Est. Cost $34.26 Unrealized +38.7%

JNJ JOHNSON & JOHNSON 1.3%

Value ($000) $6 Shares 30,597 Est. Cost $69.26 Unrealized +184.4%

CAT CATERPILLAR INC. 0.8%

Value ($000) $4 Shares 6,700 Est. Cost $111.53 Unrealized +398.1%

KO COCA-COLA CO 2.4%

Value ($000) $12 Shares 170,231 Est. Cost $29.07 Unrealized +138.7%

NKE NIKE, INC. CL B 1.2%

Value ($000) $6 Shares 90,670 Est. Cost $49.62 Unrealized +30.8%

VICI VICI PROPERTIES INC. (REIT) 0.6%

Value ($000) $3 Shares 101,850 Est. Cost $22.83 Unrealized +28.3%

CB CHUBB LIMITED (FRMLY ACE LIMIT 1.0%

Value ($000) $5 Shares 14,906 Est. Cost $94.35 Unrealized +209.9%

IBM INTERNATIONAL BUSINESS MACHINE 1.9%

Value ($000) $9 Shares 31,452 Est. Cost $117.45 Unrealized +154.4%

DLR DIGITAL REALTY TRUST, INC. REI 0.7%

Value ($000) $4 Shares 22,840 Est. Cost $95.33 Unrealized +71.1%

JPM JPMORGAN CHASE & CO. 3.9%

Value ($000) $19 Shares 59,825 Est. Cost $38.96 Unrealized +694.4%

MDLZ MONDELEZ INTL INC.(FMRLY KRAFT 0.5%

Value ($000) $2 Shares 45,500 Est. Cost $23.16 Unrealized +146.4%

AMZN AMAZON.COM, INC. 1.6%

Value ($000) $8 Shares 34,425 Est. Cost $135.26 Unrealized +69.1%

L LOEWS CORP 1.7%

Value ($000) $8 Shares 77,917 Est. Cost $42.08 Unrealized +145.3%

CVX CHEVRON CORP 3.5%

Value ($000) $17 Shares 113,364 Est. Cost $70.02 Unrealized +116.2%

VZ VERIZON COMMUNICATIONS INC. 0.8%

Value ($000) $4 Shares 100,259 Est. Cost $34.86 Unrealized +16.1%

KMB KIMBERLY-CLARK 0.3%

Value ($000) $1 Shares 13,520 Est. Cost $64.11 Unrealized +69.1%

LLY ELI LILLY & CO. 0.2%

Value ($000) $1 Shares 1,000 Est. Cost $742.24 Unrealized +28.7%

— RTX CORP (FRMLY RAYTHEON TECH 0.7%

Value ($000) $3 Shares 17,400 Est. Cost $0.15 Unrealized —

— INTUITIVE SURGICAL, INC. 0.3%

Value ($000) $1 Shares 2,250 Est. Cost $0.54 Unrealized —

ORCL ORACLE CORP 0.1%

Value ($000) $1 Shares 3,000 Est. Cost $73.20 Unrealized +225.2%

TSM TAIWAN SEMICONDUCTOR MFG CO LT 0.6%

Value ($000) $3 Shares 10,121 Est. Cost $23.11 Unrealized —

LVMUY LVMH MOET HENNESSY LOUIS VUITT 0.3%

Value ($000) $1 Shares 8,500 Est. Cost $0.12 Unrealized —

GIS GENERAL MILLS, INC. 0.5%

Value ($000) $3 Shares 56,000 Est. Cost $34.14 Unrealized +39.0%

MS MORGAN STANLEY 0.4%

Value ($000) $2 Shares 11,400 Est. Cost $39.15 Unrealized +325.3%

KMI KINDER MORGAN, INC. 1.4%

Value ($000) $7 Shares 245,570 Est. Cost $11.69 Unrealized +130.1%

PM PHILIP MORRIS INTERNATIONAL-AL 3.7%

Value ($000) $18 Shares 111,528 Est. Cost $49.85 Unrealized +208.1%

BOH BANK OF HAWAII CORPORATION 1.0%

Value ($000) $5 Shares 72,760 Est. Cost $47.98 Unrealized +36.4%

— BLACKSTONE INC. (THE) 0.3%

Value ($000) $2 Shares 11,000 Est. Cost $0.15 Unrealized —

UBER UBER TECHNOLOGIES INC. 0.2%

Value ($000) $1 Shares 11,000 Est. Cost $72.04 Unrealized +25.0%

— ASML HOLDING ADR 0.4%

Value ($000) $2 Shares 1,624 Est. Cost $0.84 Unrealized —

AMAT APPLIED MATERIALS INC 0.2%

Value ($000) $1 Shares 3,075 Est. Cost $105.93 Unrealized +126.1%

EPD ENTERPRISE PRODUCTS PARTNERS, 1.2%

Value ($000) $6 Shares 177,060 Est. Cost $20.80 Unrealized —

RIO RIO TINTO PLC SPONSORED ADR 0.2%

Value ($000) $1 Shares 10,000 Est. Cost $41.05 Unrealized —

— ABBVIE INC. 2.0%

Value ($000) $10 Shares 42,960 Est. Cost $0.19 Unrealized —

PEP PEPSICO 1.2%

Value ($000) $6 Shares 42,209 Est. Cost $56.00 Unrealized +160.6%

F FORD MOTOR COMPANY 0.3%

Value ($000) $1 Shares 107,890 Est. Cost $9.26 Unrealized +38.6%

AZN ASTRAZENECA PLC-SPONS ADR 0.2%

Value ($000) $1 Shares 8,000 Est. Cost $41.94 Unrealized —

RL RALPH LAUREN CORP (FMLY POLO R 0.2%

Value ($000) $1 Shares 3,000 Est. Cost $87.38 Unrealized +289.1%

NSRGY NESTLE SA - SPON ADR 0.3%

Value ($000) $2 Shares 17,000 Est. Cost $79.48 Unrealized —

SKT TANGER INC. REIT 1.6%

Value ($000) $8 Shares 237,050 Est. Cost $10.85 Unrealized —

— NOVARTIS AG - ADR 0.3%

Value ($000) $1 Shares 10,750 Est. Cost $0.12 Unrealized —

TXN TEXAS INSTRUMENTS INC. 0.4%

Value ($000) $2 Shares 10,000 Est. Cost $25.31 Unrealized +574.6%

PFE PFIZER, INC. 0.8%

Value ($000) $4 Shares 158,661 Est. Cost $19.32 Unrealized +29.6%

— CARRIER GLOBAL CORP (RTX SPINO 0.2%

Value ($000) $1 Shares 14,300 Est. Cost $0.07 Unrealized —

— EQUITY RESIDENTIAL REIT 0.7%

Value ($000) $3 Shares 54,500 Est. Cost $0.07 Unrealized —

PSX PHILLIPS 66 0.3%

Value ($000) $2 Shares 12,600 Est. Cost $51.48 Unrealized +160.3%

EW EDWARDS LIFESCIENCES CORP. 0.2%

Value ($000) $1 Shares 11,620 Est. Cost $73.24 Unrealized +12.0%

— PUBLIC STORAGE 5.15 SER F CAL 0.2%

Value ($000) $1 Shares 40,000 Est. Cost $24.97 Unrealized —

SYY SYSCO CORP 0.2%

Value ($000) $1 Shares 10,000 Est. Cost $24.40 Unrealized +209.4%

UPS UNITED PARCEL SERVICE, INC. CL 0.1%

Value ($000) $1 Shares 5,100 Est. Cost $67.80 Unrealized +36.8%

— PRUDENTIAL FINANCIAL INC 5.625 0.4%

Value ($000) $2 Shares 73,000 Est. Cost $24.87 Unrealized —

CI CIGNA CORP (ACQUIRED EXPRESS S 0.3%

Value ($000) $2 Shares 5,932 Est. Cost $190.77 Unrealized +46.4%

ABT ABBOTT LABORATORIES 0.2%

Value ($000) $1 Shares 8,700 Est. Cost $28.85 Unrealized +341.3%

— U.S. BANCORP (FORMERLY FIRST B 0.2%

Value ($000) $1 Shares 14,610 Est. Cost $36.18 Unrealized —

PSA PUBLIC STORAGE - REIT 0.1%

Value ($000) $1 Shares 2,388 Est. Cost $97.16 Unrealized +185.4%

— FIDELITY NATIONAL FINANCIAL, I 0.1%

Value ($000) $1 Shares 10,458 Est. Cost $0.06 Unrealized —

AVB AVALONBAY COMMUNITIES, INC REI 0.2%

Value ($000) $1 Shares 5,000 Est. Cost $87.72 Unrealized +104.9%

ZBH ZIMMER BIOMET HOLDINGS(FRMLY Z 0.1%

Value ($000) $1 Shares 6,700 Est. Cost $67.30 Unrealized +40.5%

— VODAFONE GROUP PLC SPONS ADR 0.1%

Value ($000) $0 Shares 32,564 Est. Cost $0.01 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC. CL B 2.1%

Value ($000) $10 Shares 20,418 Est. Cost $206.19 Unrealized +141.3%

STZ CONSTELLATION BRANDS, INC. 0.4%

Value ($000) $2 Shares 15,200 Est. Cost $158.34 Unrealized -13.6%

SRE SEMPRA ENERGY 0.5%

Value ($000) $3 Shares 29,000 Est. Cost $54.41 Unrealized +66.4%

— KKR & CO. INC. 0.5%

Value ($000) $2 Shares 18,000 Est. Cost $0.13 Unrealized —

— AON PLC 0.8%

Value ($000) $4 Shares 11,618 Est. Cost $64.38 Unrealized —

BXP BXP INC. (FRMLY BOSTON PROPERT 0.1%

Value ($000) $0 Shares 6,000 Est. Cost $64.00 Unrealized +10.0%

C CITIGROUP INC. 0.1%

Value ($000) $0 Shares 2,576 Est. Cost $71.20 Unrealized +45.6%

UNP UNION PACIFIC CORPORATION 0.4%

Value ($000) $2 Shares 7,500 Est. Cost $72.17 Unrealized +215.0%

— TRAVELERS COMPANIES, INC. 0.2%

Value ($000) $1 Shares 3,264 Est. Cost $0.27 Unrealized —

— OTIS WORLDWIDE CORP (RTX SPINO 0.1%

Value ($000) $1 Shares 7,150 Est. Cost $0.10 Unrealized —

BPY 6.5 PERP A-1 BROOKFIELD PRPTY PTNRS LP 6.5 0.3%

Value ($000) $1 Shares 98,000 Est. Cost $24.83 Unrealized —

AEP AMERICAN ELECTRIC POWER 0.2%

Value ($000) $1 Shares 10,000 Est. Cost $30.44 Unrealized +286.6%

— YUM CHINA HOLDINGS, INC. 0.1%

Value ($000) $0 Shares 5,600 Est. Cost $0.04 Unrealized —

ADM ARCHER-DANIELS-MIDLAND CORP 0.1%

Value ($000) $1 Shares 10,172 Est. Cost $23.37 Unrealized +154.6%

— CONOCOPHILLIPS 0.4%

Value ($000) $2 Shares 21,700 Est. Cost $0.09 Unrealized —

DRI DARDEN RESTAURANTS INC. 0.1%

Value ($000) $1 Shares 3,000 Est. Cost $60.40 Unrealized +201.5%

SWRAY SWIRE PACIFIC LTD SPONS ADR RP 0.1%

Value ($000) $0 Shares 40,000 Est. Cost $9.19 Unrealized —

ALL ALLSTATE CORP 0.1%

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

— METLIFE INC. 0.1%

Value ($000) $0 Shares 4,000 Est. Cost $0.08 Unrealized —

MCD MCDONALD'S CORP 0.4%

Value ($000) $2 Shares 7,000 Est. Cost $171.84 Unrealized +77.5%

TOST TOAST, INC. 0.1%

Value ($000) $0 Shares 11,800 Est. Cost $19.72 Unrealized +82.8%

EMR EMERSON ELECTRIC CO 0.2%

Value ($000) $1 Shares 7,130 Est. Cost $40.02 Unrealized +230.7%

CDP COPT DEFENSE PROP REIT(FRM COR 0.1%

Value ($000) $0 Shares 9,100 Est. Cost $27.25 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC. CL A 2.8%

Value ($000) $14 Shares 18 Est. Cost $165023.42 Unrealized +352.3%

— AEGON LTD - NY REG SHRS 0.1%

Value ($000) $0 Shares 36,691 Est. Cost $0.01 Unrealized —

CHD CHURCH & DWIGHT 0.0%

Value ($000) $0 Shares 2,400 Est. Cost $80.68 Unrealized +5.7%

— JPMORGAN CHASE 6.00 CALLABLE 0.2%

Value ($000) $1 Shares 43,000 Est. Cost $0.03 Unrealized —

— YUM BRANDS INC. (FORMERLY TRIC 0.2%

Value ($000) $1 Shares 5,960 Est. Cost $69.32 Unrealized —

BP BP PLC SPONS ADR 0.1%

Value ($000) $0 Shares 11,642 Est. Cost $40.99 Unrealized —

FRT FEDERAL REALTY INVESTMENT TRUS 0.1%

Value ($000) $1 Shares 7,000 Est. Cost $99.29 Unrealized -1.9%

— FIDELITY NATIONAL INFORMATION 0.1%

Value ($000) $0 Shares 5,364 Est. Cost $0.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC. CL C	65,390	$21	4.2%	$107.21	+167.1%	COM	02079K107
AAPL	APPLE INC.	249,153	$68	13.8%	$83.83	+220.1%	COM	037833100
MRK	MERCK & CO., INC.	155,220	$16	3.3%	$43.21	+115.8%	COM	58933Y105
—	IRON MOUNTAIN INC. REIT	130,600	$11	2.2%	$0.10	—	COM	46284v101
—	GENERAL MOTORS COMPANY	113,540	$9	1.9%	$0.05	—	COM	37045v100
HD	HOME DEPOT	19,250	$7	1.4%	$56.05	+550.4%	COM	437076102
RHHBY	ROCHE HOLDING LTD ADR	107,700	$6	1.1%	$40.63	—	COM	771195104
MSFT	MICROSOFT CORPORATION	24,399	$12	2.4%	$153.22	+226.7%	COM	594918104
PG	PROCTER & GAMBLE CO	75,359	$11	2.2%	$56.77	+159.2%	COM	742718109
WMT	WALMART INC.	80,300	$9	1.8%	$44.02	+143.5%	COM	931142103
BMY	BRISTOL-MYERS SQUIBB CO	74,774	$4	0.8%	$34.26	+38.7%	COM	110122108
JNJ	JOHNSON & JOHNSON	30,597	$6	1.3%	$69.26	+184.4%	COM	478160104
CAT	CATERPILLAR INC.	6,700	$4	0.8%	$111.53	+398.1%	COM	149123101
KO	COCA-COLA CO	170,231	$12	2.4%	$29.07	+138.7%	COM	191216100
NKE	NIKE, INC. CL B	90,670	$6	1.2%	$49.62	+30.8%	COM	654106103
VICI	VICI PROPERTIES INC. (REIT)	101,850	$3	0.6%	$22.83	+28.3%	COM	925652109
CB	CHUBB LIMITED (FRMLY ACE LIMIT	14,906	$5	1.0%	$94.35	+209.9%	COM	H1467J104
IBM	INTERNATIONAL BUSINESS MACHINE	31,452	$9	1.9%	$117.45	+154.4%	COM	459200101
DLR	DIGITAL REALTY TRUST, INC. REI	22,840	$4	0.7%	$95.33	+71.1%	COM	253868103
JPM	JPMORGAN CHASE & CO.	59,825	$19	3.9%	$38.96	+694.4%	COM	46625H100
MDLZ	MONDELEZ INTL INC.(FMRLY KRAFT	45,500	$2	0.5%	$23.16	+146.4%	COM	609207105
AMZN	AMAZON.COM, INC.	34,425	$8	1.6%	$135.26	+69.1%	COM	023135106
L	LOEWS CORP	77,917	$8	1.7%	$42.08	+145.3%	COM	540424108
CVX	CHEVRON CORP	113,364	$17	3.5%	$70.02	+116.2%	COM	166764100
VZ	VERIZON COMMUNICATIONS INC.	100,259	$4	0.8%	$34.86	+16.1%	COM	92343V104
KMB	KIMBERLY-CLARK	13,520	$1	0.3%	$64.11	+69.1%	COM	494368103
LLY	ELI LILLY & CO.	1,000	$1	0.2%	$742.24	+28.7%	COM	532457108
—	RTX CORP (FRMLY RAYTHEON TECH	17,400	$3	0.7%	$0.15	—	COM	75513e101
—	INTUITIVE SURGICAL, INC.	2,250	$1	0.3%	$0.54	—	COM	46120e602
ORCL	ORACLE CORP	3,000	$1	0.1%	$73.20	+225.2%	COM	68389X105
TSM	TAIWAN SEMICONDUCTOR MFG CO LT	10,121	$3	0.6%	$23.11	—	COM	874039100
LVMUY	LVMH MOET HENNESSY LOUIS VUITT	8,500	$1	0.3%	$0.12	—	COM	502441306
GIS	GENERAL MILLS, INC.	56,000	$3	0.5%	$34.14	+39.0%	COM	370334104
MS	MORGAN STANLEY	11,400	$2	0.4%	$39.15	+325.3%	COM	617446448
KMI	KINDER MORGAN, INC.	245,570	$7	1.4%	$11.69	+130.1%	COM	49456B101
PM	PHILIP MORRIS INTERNATIONAL-AL	111,528	$18	3.7%	$49.85	+208.1%	COM	718172109
BOH	BANK OF HAWAII CORPORATION	72,760	$5	1.0%	$47.98	+36.4%	COM	062540109
—	BLACKSTONE INC. (THE)	11,000	$2	0.3%	$0.15	—	COM	09260d107
UBER	UBER TECHNOLOGIES INC.	11,000	$1	0.2%	$72.04	+25.0%	COM	90353T100
—	ASML HOLDING ADR	1,624	$2	0.4%	$0.84	—	COM	086233517
AMAT	APPLIED MATERIALS INC	3,075	$1	0.2%	$105.93	+126.1%	COM	038222105
EPD	ENTERPRISE PRODUCTS PARTNERS,	177,060	$6	1.2%	$20.80	—	COM	293792107
RIO	RIO TINTO PLC SPONSORED ADR	10,000	$1	0.2%	$41.05	—	COM	767204100
—	ABBVIE INC.	42,960	$10	2.0%	$0.19	—	COM	00287y109
PEP	PEPSICO	42,209	$6	1.2%	$56.00	+160.6%	COM	713448108
F	FORD MOTOR COMPANY	107,890	$1	0.3%	$9.26	+38.6%	COM	345370860
AZN	ASTRAZENECA PLC-SPONS ADR	8,000	$1	0.2%	$41.94	—	COM	046353108
RL	RALPH LAUREN CORP (FMLY POLO R	3,000	$1	0.2%	$87.38	+289.1%	COM	751212101
NSRGY	NESTLE SA - SPON ADR	17,000	$2	0.3%	$79.48	—	COM	641069406
SKT	TANGER INC. REIT	237,050	$8	1.6%	$10.85	—	COM	875465106
—	NOVARTIS AG - ADR	10,750	$1	0.3%	$0.12	—	COM	66987v109
TXN	TEXAS INSTRUMENTS INC.	10,000	$2	0.4%	$25.31	+574.6%	COM	882508104
PFE	PFIZER, INC.	158,661	$4	0.8%	$19.32	+29.6%	COM	717081103
—	CARRIER GLOBAL CORP (RTX SPINO	14,300	$1	0.2%	$0.07	—	COM	14448c104
—	EQUITY RESIDENTIAL REIT	54,500	$3	0.7%	$0.07	—	COM	29476l107
PSX	PHILLIPS 66	12,600	$2	0.3%	$51.48	+160.3%	COM	718546104
EW	EDWARDS LIFESCIENCES CORP.	11,620	$1	0.2%	$73.24	+12.0%	COM	28176E108
—	PUBLIC STORAGE 5.15 SER F CAL	40,000	$1	0.2%	$24.97	—	PREFERRED	74460W685
SYY	SYSCO CORP	10,000	$1	0.2%	$24.40	+209.4%	COM	871829107
UPS	UNITED PARCEL SERVICE, INC. CL	5,100	$1	0.1%	$67.80	+36.8%	COM	911312106
—	PRUDENTIAL FINANCIAL INC 5.625	73,000	$2	0.4%	$24.87	—	PREFERRED	744320805
CI	CIGNA CORP (ACQUIRED EXPRESS S	5,932	$2	0.3%	$190.77	+46.4%	COM	125523100
ABT	ABBOTT LABORATORIES	8,700	$1	0.2%	$28.85	+341.3%	COM	002824100
—	U.S. BANCORP (FORMERLY FIRST B	14,610	$1	0.2%	$36.18	—	COM	902973106
PSA	PUBLIC STORAGE - REIT	2,388	$1	0.1%	$97.16	+185.4%	COM	74460D109
—	FIDELITY NATIONAL FINANCIAL, I	10,458	$1	0.1%	$0.06	—	COM	31620r303
AVB	AVALONBAY COMMUNITIES, INC REI	5,000	$1	0.2%	$87.72	+104.9%	COM	053484101
ZBH	ZIMMER BIOMET HOLDINGS(FRMLY Z	6,700	$1	0.1%	$67.30	+40.5%	COM	98956P102
—	VODAFONE GROUP PLC SPONS ADR	32,564	$0	0.1%	$0.01	—	COM	92857w308
BRK/B	BERKSHIRE HATHAWAY INC. CL B	20,418	$10	2.1%	$206.19	+141.3%	COM	084670702
STZ	CONSTELLATION BRANDS, INC.	15,200	$2	0.4%	$158.34	-13.6%	COM	21036P108
SRE	SEMPRA ENERGY	29,000	$3	0.5%	$54.41	+66.4%	COM	816851109
—	KKR & CO. INC.	18,000	$2	0.5%	$0.13	—	COM	48251w104
—	AON PLC	11,618	$4	0.8%	$64.38	—	COM	037389103
BXP	BXP INC. (FRMLY BOSTON PROPERT	6,000	$0	0.1%	$64.00	+10.0%	COM	101121101
C	CITIGROUP INC.	2,576	$0	0.1%	$71.20	+45.6%	COM	172967424
UNP	UNION PACIFIC CORPORATION	7,500	$2	0.4%	$72.17	+215.0%	COM	907818108
—	TRAVELERS COMPANIES, INC.	3,264	$1	0.2%	$0.27	—	COM	89417e109
—	OTIS WORLDWIDE CORP (RTX SPINO	7,150	$1	0.1%	$0.10	—	COM	68902v107
BPY 6.5 PERP A-1	BROOKFIELD PRPTY PTNRS LP 6.5	98,000	$1	0.3%	$24.83	—	PREFERRED	G16249149
AEP	AMERICAN ELECTRIC POWER	10,000	$1	0.2%	$30.44	+286.6%	COM	025537101
—	YUM CHINA HOLDINGS, INC.	5,600	$0	0.1%	$0.04	—	COM	98850p109
ADM	ARCHER-DANIELS-MIDLAND CORP	10,172	$1	0.1%	$23.37	+154.6%	COM	039483102
—	CONOCOPHILLIPS	21,700	$2	0.4%	$0.09	—	COM	20825c104
DRI	DARDEN RESTAURANTS INC.	3,000	$1	0.1%	$60.40	+201.5%	COM	237194105
SWRAY	SWIRE PACIFIC LTD SPONS ADR RP	40,000	$0	0.1%	$9.19	—	COM	870794302
ALL	ALLSTATE CORP	2,000	$0	0.1%	$86.64	+135.5%	COM	020002101
—	METLIFE INC.	4,000	$0	0.1%	$0.08	—	COM	59156r108
MCD	MCDONALD'S CORP	7,000	$2	0.4%	$171.84	+77.5%	COM	580135101
TOST	TOAST, INC.	11,800	$0	0.1%	$19.72	+82.8%	COM	888787108
EMR	EMERSON ELECTRIC CO	7,130	$1	0.2%	$40.02	+230.7%	COM	291011104
CDP	COPT DEFENSE PROP REIT(FRM COR	9,100	$0	0.1%	$27.25	—	COM	22002T108
BRK/A	BERKSHIRE HATHAWAY INC. CL A	18	$14	2.8%	$165023.42	+352.3%	COM	084670108
—	AEGON LTD - NY REG SHRS	36,691	$0	0.1%	$0.01	—	COM	0076ca104
CHD	CHURCH & DWIGHT	2,400	$0	0.0%	$80.68	+5.7%	COM	171340102
—	JPMORGAN CHASE 6.00 CALLABLE	43,000	$1	0.2%	$0.03	—	PREFERRED	48128b648
—	YUM BRANDS INC. (FORMERLY TRIC	5,960	$1	0.2%	$69.32	—	COM	895953107
BP	BP PLC SPONS ADR	11,642	$0	0.1%	$40.99	—	COM	055622104
FRT	FEDERAL REALTY INVESTMENT TRUS	7,000	$1	0.1%	$99.29	-1.9%	COM	313745101
—	FIDELITY NATIONAL INFORMATION	5,364	$0	0.1%	$0.08	—	COM	31620m106