Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC	165,052 (+34.2%)	$11.86M (-18.4%)	1.9%	$87.11	—	com	98978V103
OXM	OXFORD INDS INC	337,715 (+32.5%)	$11.78M (+20.0%)	1.9%	$51.60	—	com	691497309
GGG	GRACO INC	218,016 (+23.0%)	$16.48M (+9.8%)	2.6%	$44.06	—	com	384109104
KMB	KIMBERLY-CLARK CORP	34,557 (+7.5%)	$3.793M (+22.3%)	0.6%	$103.55	—	com	494368103
CAG	CONAGRA BRANDS INC	40,900 (+82.6%)	$551K (+56.3%)	0.1%	$15.96	—	com	205887102

Exited Positions (2)

VGSH VANGUARD SCOTTSDALE FDS 0.1%

Value $825K Shares 14,091 Est. Cost $58.54 Unrealized —

RTX RTX CORPORATION 0.0%

Value $201K Shares 1,040 Est. Cost $196.61 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VGSH	VANGUARD SCOTTSDALE FDS	14,091	$825K	0.1%	$58.54	—	—	92206C102
RTX	RTX CORPORATION	1,040	$201K	0.0%	$196.61	—	—	75513E101

Decreased Positions (30)

CFRHF CIE FINANCI-REG 4.3%

Value $27.1M (+30.9%) Shares 117,165 (-2.4%) Est. Cost $103.76 Unrealized —

ABBV ABBVIE INC 7.3%

Value $45.62M (+12.7%) Shares 181,275 (-2.6%) Est. Cost $54.13 Unrealized —

XOM EXXON MOBIL CORP 2.4%

Value $15.32M (-21.3%) Shares 112,087 (-2.3%) Est. Cost $52.86 Unrealized —

PEP PEPSICO INC 3.2%

Value $19.79M (-14.6%) Shares 146,156 (-2.1%) Est. Cost $94.68 Unrealized —

BRK/B BERKSHIRE HATH-B 4.5%

Value $28M (-9.8%) Shares 55,961 (-13.6%) Est. Cost $160.85 Unrealized —

ABT ABBOTT LABS 3.1%

Value $19.47M (-12.9%) Shares 214,573 (-1.5%) Est. Cost $37.24 Unrealized —

LYV LIVE NATION ENTE 3.5%

Value $22.18M (+14.6%) Shares 121,132 (-4.6%) Est. Cost $66.45 Unrealized —

ADBE ADOBE INC 1.8%

Value $11.2M (-19.3%) Shares 54,616 (-4.3%) Est. Cost $343.43 Unrealized —

PM PHILIP MORRIS IN 5.1%

Value $32.22M (+8.3%) Shares 178,124 (-1.0%) Est. Cost $59.90 Unrealized —

EFX EQUIFAX INC 1.7%

Value $10.93M (-14.5%) Shares 68,872 (-3.0%) Est. Cost $124.54 Unrealized —

JPM JPMORGAN CHASE 3.7%

Value $23.52M (+7.9%) Shares 71,865 (-3.0%) Est. Cost $66.56 Unrealized —

KVUE KENVUE INC 2.9%

Value $18.43M (+8.5%) Shares 964,551 (-2.1%) Est. Cost $19.58 Unrealized —

WABC WESTAMERICA BANC 2.6%

Value $16.17M (+9.9%) Shares 275,551 (-2.4%) Est. Cost $42.51 Unrealized —

JNJ JOHNSON&JOHNSON 8.5%

Value $53.68M (+2.1%) Shares 211,363 (-1.8%) Est. Cost $93.09 Unrealized —

WMG WARNER MUSIC-A 1.6%

Value $9.906M (-7.6%) Shares 365,945 (-12.8%) Est. Cost $27.00 Unrealized —

WM WASTE MANAGEMENT 2.0%

Value $12.82M (-5.8%) Shares 57,512 (-2.9%) Est. Cost $199.97 Unrealized —

KEYS KEYSIGHT TECHNOLOGIES INC 3.1%

Value $19.61M (-3.2%) Shares 56,027 (-21.9%) Est. Cost $164.15 Unrealized —

DEO DIAGEO PLC-ADR 0.3%

Value $2.034M (-24.0%) Shares 25,301 (-29.6%) Est. Cost $115.55 Unrealized —

COO COOPER COS INC 2.0%

Value $12.34M (-4.7%) Shares 172,125 (-5.0%) Est. Cost $94.30 Unrealized —

BRK/A BERKSHIRE HATH-A 0.5%

Value $2.995M (-16.6%) Shares 4 (-20.0%) Est. Cost $230816.08 Unrealized —

MDLZ MONDELEZ INTER-A 3.2%

Value $20.09M (-2.7%) Shares 347,280 (-3.1%) Est. Cost $44.85 Unrealized —

D DOMINION ENERGY 0.1%

Value $683K (-38.5%) Shares 10,000 (-44.4%) Est. Cost $51.58 Unrealized —

CAT CATERPILLAR INC 0.2%

Value $1.491M (+40.3%) Shares 1,400 (-6.7%) Est. Cost $126.81 Unrealized —

DIS WALT DISNEY CO 2.1%

Value $13.27M (-3.0%) Shares 137,879 (-2.8%) Est. Cost $98.50 Unrealized —

BF/B BROWN-FORMAN -B 1.7%

Value $10.86M (-3.2%) Shares 407,498 (-4.0%) Est. Cost $36.50 Unrealized —

WH WYNDHAM HOTELS & 3.6%

Value $22.7M (+1.2%) Shares 269,565 (-2.4%) Est. Cost $54.60 Unrealized —

ORCL ORACLE CORP 0.1%

Value $742K (-23.6%) Shares 5,063 (-23.3%) Est. Cost $52.75 Unrealized —

NEE NEXTERA ENERGY 0.1%

Value $553K (-17.3%) Shares 6,300 (-12.5%) Est. Cost $64.30 Unrealized —

AMZN AMAZON.COM INC 0.0%

Value $263K (+5.4%) Shares 1,102 (-7.9%) Est. Cost $140.18 Unrealized —

NVDA NVIDIA CORP 0.2%

Value $1.295M (-0.6%) Shares 6,470 (-13.4%) Est. Cost $92.80 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CFRHF	CIE FINANCI-REG	117,165 (-2.4%)	$27.1M (+30.9%)	4.3%	$103.76	—	com	H25662182
ABBV	ABBVIE INC	181,275 (-2.6%)	$45.62M (+12.7%)	7.3%	$54.13	—	com	00287Y109
XOM	EXXON MOBIL CORP	112,087 (-2.3%)	$15.32M (-21.3%)	2.4%	$52.86	—	com	30231G102
PEP	PEPSICO INC	146,156 (-2.1%)	$19.79M (-14.6%)	3.2%	$94.68	—	com	713448108
BRK/B	BERKSHIRE HATH-B	55,961 (-13.6%)	$28M (-9.8%)	4.5%	$160.85	—	com	084670702
ABT	ABBOTT LABS	214,573 (-1.5%)	$19.47M (-12.9%)	3.1%	$37.24	—	com	002824100
LYV	LIVE NATION ENTE	121,132 (-4.6%)	$22.18M (+14.6%)	3.5%	$66.45	—	com	538034109
ADBE	ADOBE INC	54,616 (-4.3%)	$11.2M (-19.3%)	1.8%	$343.43	—	com	00724F101
PM	PHILIP MORRIS IN	178,124 (-1.0%)	$32.22M (+8.3%)	5.1%	$59.90	—	com	718172109
EFX	EQUIFAX INC	68,872 (-3.0%)	$10.93M (-14.5%)	1.7%	$124.54	—	com	294429105
JPM	JPMORGAN CHASE	71,865 (-3.0%)	$23.52M (+7.9%)	3.7%	$66.56	—	com	46625H100
KVUE	KENVUE INC	964,551 (-2.1%)	$18.43M (+8.5%)	2.9%	$19.58	—	com	49177J102
WABC	WESTAMERICA BANC	275,551 (-2.4%)	$16.17M (+9.9%)	2.6%	$42.51	—	com	957090103
JNJ	JOHNSON&JOHNSON	211,363 (-1.8%)	$53.68M (+2.1%)	8.5%	$93.09	—	com	478160104
WMG	WARNER MUSIC-A	365,945 (-12.8%)	$9.906M (-7.6%)	1.6%	$27.00	—	com	934550203
WM	WASTE MANAGEMENT	57,512 (-2.9%)	$12.82M (-5.8%)	2.0%	$199.97	—	com	94106L109
KEYS	KEYSIGHT TECHNOLOGIES INC	56,027 (-21.9%)	$19.61M (-3.2%)	3.1%	$164.15	—	com	49338L103
DEO	DIAGEO PLC-ADR	25,301 (-29.6%)	$2.034M (-24.0%)	0.3%	$115.55	—	com	25243Q205
COO	COOPER COS INC	172,125 (-5.0%)	$12.34M (-4.7%)	2.0%	$94.30	—	com	216648501
BRK/A	BERKSHIRE HATH-A	4 (-20.0%)	$2.995M (-16.6%)	0.5%	$230816.08	—	com	084670108
MDLZ	MONDELEZ INTER-A	347,280 (-3.1%)	$20.09M (-2.7%)	3.2%	$44.85	—	com	609207105
D	DOMINION ENERGY	10,000 (-44.4%)	$683K (-38.5%)	0.1%	$51.58	—	com	25746U109
CAT	CATERPILLAR INC	1,400 (-6.7%)	$1.491M (+40.3%)	0.2%	$126.81	—	com	149123101
DIS	WALT DISNEY CO	137,879 (-2.8%)	$13.27M (-3.0%)	2.1%	$98.50	—	com	254687106
BF/B	BROWN-FORMAN -B	407,498 (-4.0%)	$10.86M (-3.2%)	1.7%	$36.50	—	com	115637209
WH	WYNDHAM HOTELS &	269,565 (-2.4%)	$22.7M (+1.2%)	3.6%	$54.60	—	com	98311A105
ORCL	ORACLE CORP	5,063 (-23.3%)	$742K (-23.6%)	0.1%	$52.75	—	com	68389X105
NEE	NEXTERA ENERGY	6,300 (-12.5%)	$553K (-17.3%)	0.1%	$64.30	—	com	65339F101
AMZN	AMAZON.COM INC	1,102 (-7.9%)	$263K (+5.4%)	0.0%	$140.18	—	com	023135106
NVDA	NVIDIA CORP	6,470 (-13.4%)	$1.295M (-0.6%)	0.2%	$92.80	—	com	67066G104

Unchanged Positions (20)

MCD MCDONALDS CORP 4.6%

Value $28.72M Shares 106,265 Est. Cost $100.99 Unrealized —

LMT LOCKHEED MARTIN 1.7%

Value $10.37M Shares 20,359 Est. Cost $216.32 Unrealized —

KO COCA-COLA CO/THE 2.9%

Value $17.99M Shares 221,408 Est. Cost $34.93 Unrealized —

REG REGENCY CENTERS 2.8%

Value $17.37M Shares 217,792 Est. Cost $50.40 Unrealized —

MO ALTRIA GROUP INC 1.1%

Value $7.068M Shares 98,239 Est. Cost $33.90 Unrealized —

GOOGL ALPHABET INC-A 0.5%

Value $3.023M Shares 8,458 Est. Cost $106.87 Unrealized —

TROW PRICE T ROWE GROUP INC 0.2%

Value $1.346M Shares 11,843 Est. Cost $96.65 Unrealized —

V VISA INC-CLASS A 0.3%

Value $1.78M Shares 5,187 Est. Cost $84.08 Unrealized —

PFE PFIZER INC 0.1%

Value $818K Shares 33,953 Est. Cost $24.90 Unrealized —

VZ VERIZON COMMUNIC 0.1%

Value $629K Shares 14,846 Est. Cost $39.58 Unrealized —

BK BANK NEW YORK MELLON CORP 0.1%

Value $578K Shares 4,000 Est. Cost $43.67 Unrealized —

AAPL APPLE INC 0.1%

Value $772K Shares 2,669 Est. Cost $77.74 Unrealized —

RACE FERRARI NV 0.1%

Value $478K Shares 1,289 Est. Cost $204.03 Unrealized —

UNP UNION PAC CORP 0.0%

Value $284K Shares 1,045 Est. Cost $243.32 Unrealized —

BOH BANK HAWAII CORP 0.0%

Value $307K Shares 3,773 Est. Cost $40.29 Unrealized —

EMR EMERSON ELEC CO 0.0%

Value $296K Shares 2,071 Est. Cost $148.47 Unrealized —

AMT AMERICAN TOWER C 0.1%

Value $409K Shares 2,500 Est. Cost $216.25 Unrealized —

ITW ILLINOIS TOOL WO 0.1%

Value $568K Shares 2,100 Est. Cost $167.30 Unrealized —

PG PROCTER & GAMBLE 0.1%

Value $364K Shares 2,482 Est. Cost $151.77 Unrealized —

MSFT MICROSOFT CORP 0.6%

Value $3.607M Shares 9,670 Est. Cost $204.80 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MCD	MCDONALDS CORP	106,265	$28.72M	4.6%	$100.99	—	com	580135101
LMT	LOCKHEED MARTIN	20,359	$10.37M	1.7%	$216.32	—	com	539830109
KO	COCA-COLA CO/THE	221,408	$17.99M	2.9%	$34.93	—	com	191216100
REG	REGENCY CENTERS	217,792	$17.37M	2.8%	$50.40	—	com	758849103
MO	ALTRIA GROUP INC	98,239	$7.068M	1.1%	$33.90	—	com	02209S103
GOOGL	ALPHABET INC-A	8,458	$3.023M	0.5%	$106.87	—	com	02079K305
TROW	PRICE T ROWE GROUP INC	11,843	$1.346M	0.2%	$96.65	—	com	74144T108
V	VISA INC-CLASS A	5,187	$1.78M	0.3%	$84.08	—	com	92826C839
PFE	PFIZER INC	33,953	$818K	0.1%	$24.90	—	com	717081103
VZ	VERIZON COMMUNIC	14,846	$629K	0.1%	$39.58	—	com	92343V104
BK	BANK NEW YORK MELLON CORP	4,000	$578K	0.1%	$43.67	—	com	064058100
AAPL	APPLE INC	2,669	$772K	0.1%	$77.74	—	com	037833100
RACE	FERRARI NV	1,289	$478K	0.1%	$204.03	—	com	N3167Y103
UNP	UNION PAC CORP	1,045	$284K	0.0%	$243.32	—	com	907818108
BOH	BANK HAWAII CORP	3,773	$307K	0.0%	$40.29	—	com	062540109
EMR	EMERSON ELEC CO	2,071	$296K	0.0%	$148.47	—	com	291011104
AMT	AMERICAN TOWER C	2,500	$409K	0.1%	$216.25	—	com	03027X100
ITW	ILLINOIS TOOL WO	2,100	$568K	0.1%	$167.30	—	com	452308109
PG	PROCTER & GAMBLE	2,482	$364K	0.1%	$151.77	—	com	742718109
MSFT	MICROSOFT CORP	9,670	$3.607M	0.6%	$204.80	—	com	594918104