Argyle Capital Management Inc. Diversified Active

CIK: 0001321194 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 29, 2026

Total Value ($000): $299,503 (100.0% shares, 0.0% debt)

Holdings (137)

New Positions (4)

Q Qnity Electronics Inc 0.4%

Value ($000) $1,191 Shares 14,587 Est. Cost $84.91 Unrealized 0.0%

CC Chemours Co 0.1%

Value ($000) $315 Shares 26,682 Est. Cost $12.79 Unrealized 0.0%

MKL Markel Group Inc 0.1%

Value ($000) $215 Shares 100 Est. Cost $2025.92 Unrealized 0.0%

KMT Kennametal Inc 0.1%

Value ($000) $213 Shares 7,500 Est. Cost $25.34 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
Q	Qnity Electronics Inc	14,587	$1,191	0.4%	$84.91	0.0%	COMMON STOCK	74743L100
CC	Chemours Co	26,682	$315	0.1%	$12.79	0.0%	COM	163851108
MKL	Markel Group Inc	100	$215	0.1%	$2025.92	0.0%	COM	570535104
KMT	Kennametal Inc	7,500	$213	0.1%	$25.34	0.0%	COM	489170100

Increased Positions (28)

MRK Merck & Co Inc 2.2%

Value ($000) $6,686 (+33.1%) Shares 63,516 (+6.1%) Est. Cost $40.53 Unrealized +130.1%

BMY Bristol Myers Squibb Co 1.3%

Value ($000) $3,882 (+25.3%) Shares 71,962 (+4.7%) Est. Cost $33.05 Unrealized +43.8%

T AT&T Inc 1.3%

Value ($000) $3,819 (-10.9%) Shares 153,749 (+1.3%) Est. Cost $13.28 Unrealized +90.4%

CB Chubb Corp 1.1%

Value ($000) $3,277 (+16.1%) Shares 10,498 (+5.0%) Est. Cost $148.60 Unrealized +96.8%

HAL Halliburton Co 0.6%

Value ($000) $1,938 (+26.9%) Shares 68,585 (+10.5%) Est. Cost $29.57 Unrealized -11.1%

APD Air Products & Chem 0.6%

Value ($000) $1,803 (+27.2%) Shares 7,299 (+40.4%) Est. Cost $128.69 Unrealized +95.5%

GEHC GE HealthCare Technologie 0.6%

Value ($000) $1,835 (+25.8%) Shares 22,372 (+15.2%) Est. Cost $76.67 Unrealized +1.6%

DOW Dow Inc 0.6%

Value ($000) $1,734 (+25.2%) Shares 74,158 (+22.8%) Est. Cost $34.65 Unrealized -34.3%

PAYX Paychex Inc 1.3%

Value ($000) $3,765 (-7.6%) Shares 33,560 (+4.4%) Est. Cost $30.96 Unrealized +276.4%

DXC DXC Technology Co 0.3%

Value ($000) $805 (+47.5%) Shares 54,967 (+37.2%) Est. Cost $36.64 Unrealized -62.5%

FITB Fifth Third Bancorp 0.7%

Value ($000) $1,961 (+14.6%) Shares 41,900 (+9.1%) Est. Cost $21.89 Unrealized +99.4%

VZ Verizon Communications 1.2%

Value ($000) $3,446 (-5.3%) Shares 84,604 (+2.2%) Est. Cost $29.06 Unrealized +39.3%

— TotalEnergies SE 0.2%

Value ($000) $746 (+27.5%) Shares 11,400 (+16.3%) Est. Cost $57.09 Unrealized —

EXC Exelon Corporation 0.5%

Value ($000) $1,636 (+9.7%) Shares 37,542 (+13.3%) Est. Cost $26.10 Unrealized +74.2%

FOUR Shift4 Pmts Inc 0.4%

Value ($000) $1,212 (+11.9%) Shares 19,250 (+37.5%) Est. Cost $93.21 Unrealized -24.2%

DUK Duke Energy Corp 1.2%

Value ($000) $3,637 (-3.3%) Shares 31,034 (+2.1%) Est. Cost $87.36 Unrealized +39.2%

PFE Pfizer Inc 1.2%

Value ($000) $3,634 (+3.4%) Shares 145,926 (+5.8%) Est. Cost $18.45 Unrealized +35.7%

HPQ HP Inc 0.3%

Value ($000) $1,015 (-10.3%) Shares 45,575 (+9.6%) Est. Cost $18.96 Unrealized +33.2%

PPL PPL Corp 0.8%

Value ($000) $2,504 (-4.4%) Shares 71,516 (+1.4%) Est. Cost $17.59 Unrealized +103.7%

DVN Devon Energy Corp New 0.1%

Value ($000) $305 (+27.4%) Shares 8,333 (+22.0%) Est. Cost $37.00 Unrealized -6.1%

GPN Global Pmts Inc 0.5%

Value ($000) $1,471 (-2.7%) Shares 19,005 (+4.4%) Est. Cost $104.46 Unrealized -23.1%

SON Sonoco Products Co 0.5%

Value ($000) $1,438 (+2.5%) Shares 32,958 (+1.2%) Est. Cost $31.33 Unrealized +31.4%

ADM Archer Daniels Midland Co 0.4%

Value ($000) $1,209 (-1.7%) Shares 21,025 (+2.2%) Est. Cost $54.12 Unrealized +9.9%

NXPI NXP Semiconductors N V 0.4%

Value ($000) $1,226 (+1.6%) Shares 5,649 (+6.6%) Est. Cost $217.91 Unrealized -1.9%

KHC Kraft Heinz Company 0.2%

Value ($000) $647 (-2.7%) Shares 26,690 (+4.5%) Est. Cost $31.17 Unrealized -21.0%

KMB Kimberly Clark Corp 0.2%

Value ($000) $563 (-2.2%) Shares 5,583 (+20.5%) Est. Cost $83.64 Unrealized +29.6%

MET MetLife Inc 1.0%

Value ($000) $3,110 (+0.3%) Shares 39,395 (+4.6%) Est. Cost $38.03 Unrealized +107.5%

CVX Chevron Corporation 1.4%

Value ($000) $4,078 (-0.1%) Shares 26,758 (+1.8%) Est. Cost $85.10 Unrealized +77.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRK	Merck & Co Inc	63,516 (+6.1%)	$6,686 (+33.1%)	2.2%	$40.53	+130.1%	COM	58933Y105
BMY	Bristol Myers Squibb Co	71,962 (+4.7%)	$3,882 (+25.3%)	1.3%	$33.05	+43.8%	COM	110122108
T	AT&T Inc	153,749 (+1.3%)	$3,819 (-10.9%)	1.3%	$13.28	+90.4%	COM	00206R102
CB	Chubb Corp	10,498 (+5.0%)	$3,277 (+16.1%)	1.1%	$148.60	+96.8%	COM	H1467J104
HAL	Halliburton Co	68,585 (+10.5%)	$1,938 (+26.9%)	0.6%	$29.57	-11.1%	COM	406216101
APD	Air Products & Chem	7,299 (+40.4%)	$1,803 (+27.2%)	0.6%	$128.69	+95.5%	COM	009158106
GEHC	GE HealthCare Technologie	22,372 (+15.2%)	$1,835 (+25.8%)	0.6%	$76.67	+1.6%	COM	36266G107
DOW	Dow Inc	74,158 (+22.8%)	$1,734 (+25.2%)	0.6%	$34.65	-34.3%	COM	260557103
PAYX	Paychex Inc	33,560 (+4.4%)	$3,765 (-7.6%)	1.3%	$30.96	+276.4%	COM	704326107
DXC	DXC Technology Co	54,967 (+37.2%)	$805 (+47.5%)	0.3%	$36.64	-62.5%	COM	23355L106
FITB	Fifth Third Bancorp	41,900 (+9.1%)	$1,961 (+14.6%)	0.7%	$21.89	+99.4%	COM	316773100
VZ	Verizon Communications	84,604 (+2.2%)	$3,446 (-5.3%)	1.2%	$29.06	+39.3%	COM	92343V104
—	TotalEnergies SE	11,400 (+16.3%)	$746 (+27.5%)	0.2%	$57.09	—	SPONSORED ADR	89151E109
EXC	Exelon Corporation	37,542 (+13.3%)	$1,636 (+9.7%)	0.5%	$26.10	+74.2%	COM	30161N101
FOUR	Shift4 Pmts Inc	19,250 (+37.5%)	$1,212 (+11.9%)	0.4%	$93.21	-24.2%	CL A	82452J109
DUK	Duke Energy Corp	31,034 (+2.1%)	$3,637 (-3.3%)	1.2%	$87.36	+39.2%	COM	26441C204
PFE	Pfizer Inc	145,926 (+5.8%)	$3,634 (+3.4%)	1.2%	$18.45	+35.7%	COM	717081103
HPQ	HP Inc	45,575 (+9.6%)	$1,015 (-10.3%)	0.3%	$18.96	+33.2%	COM	40434L105
PPL	PPL Corp	71,516 (+1.4%)	$2,504 (-4.4%)	0.8%	$17.59	+103.7%	COM	69351T106
DVN	Devon Energy Corp New	8,333 (+22.0%)	$305 (+27.4%)	0.1%	$37.00	-6.1%	COM	25179M103
GPN	Global Pmts Inc	19,005 (+4.4%)	$1,471 (-2.7%)	0.5%	$104.46	-23.1%	COM	37940X102
SON	Sonoco Products Co	32,958 (+1.2%)	$1,438 (+2.5%)	0.5%	$31.33	+31.4%	COM	835495102
ADM	Archer Daniels Midland Co	21,025 (+2.2%)	$1,209 (-1.7%)	0.4%	$54.12	+9.9%	COM	039483102
NXPI	NXP Semiconductors N V	5,649 (+6.6%)	$1,226 (+1.6%)	0.4%	$217.91	-1.9%	COM	N6596X109
KHC	Kraft Heinz Company	26,690 (+4.5%)	$647 (-2.7%)	0.2%	$31.17	-21.0%	COM	500754106
KMB	Kimberly Clark Corp	5,583 (+20.5%)	$563 (-2.2%)	0.2%	$83.64	+29.6%	COM	494368103
MET	MetLife Inc	39,395 (+4.6%)	$3,110 (+0.3%)	1.0%	$38.03	+107.5%	COM	59156R108
CVX	Chevron Corporation	26,758 (+1.8%)	$4,078 (-0.1%)	1.4%	$85.10	+77.9%	COM	166764100

Exited Positions (2)

BIL SPDR Bloomberg Barclays 1 0.1%

Value ($000) $234 Shares 2,552 Est. Cost $91.80 Unrealized —

— Labcorp Holdings Inc 0.1%

Value ($000) $223 Shares 776 Est. Cost $262.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BIL	SPDR Bloomberg Barclays 1	2,552	$234	0.1%	$91.80	—	—	78468R663
—	Labcorp Holdings Inc	776	$223	0.1%	$262.51	—	—	50540R409

Decreased Positions (10)

GM General Mtrs Corp 1.5%

Value ($000) $4,507 (+31.7%) Shares 55,419 (-1.2%) Est. Cost $31.00 Unrealized +127.1%

FISV Fiserv Inc 0.4%

Value ($000) $1,049 (-49.5%) Shares 15,614 (-3.0%) Est. Cost $112.25 Unrealized -25.3%

CAT Caterpillar Inc Del 2.1%

Value ($000) $6,418 (+16.7%) Shares 11,204 (-2.8%) Est. Cost $65.30 Unrealized +750.6%

PHM Pulte Group Inc 1.6%

Value ($000) $4,689 (-13.6%) Shares 39,991 (-2.7%) Est. Cost $26.06 Unrealized +369.8%

FLO Flowers Foods Inc 0.2%

Value ($000) $696 (-24.6%) Shares 63,934 (-9.5%) Est. Cost $13.34 Unrealized -14.3%

PEP PepsiCo Inc. 0.3%

Value ($000) $825 (-13.6%) Shares 5,750 (-15.4%) Est. Cost $149.76 Unrealized -2.6%

WBD Warner Brothers Discovery 0.1%

Value ($000) $280 (+42.2%) Shares 9,707 (-3.6%) Est. Cost $18.55 Unrealized +26.0%

PLTR Palantir Technologies Inc 0.1%

Value ($000) $267 (-18.8%) Shares 1,500 (-16.7%) Est. Cost $117.28 Unrealized +54.4%

NVDA NVIDIA Corporation 0.2%

Value ($000) $597 (-8.6%) Shares 3,200 (-8.6%) Est. Cost $98.19 Unrealized +89.6%

SOLV Solventum Corp 0.1%

Value ($000) $287 (+4.9%) Shares 3,626 (-3.3%) Est. Cost $60.70 Unrealized +26.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GM	General Mtrs Corp	55,419 (-1.2%)	$4,507 (+31.7%)	1.5%	$31.00	+127.1%	COM	37045V100
FISV	Fiserv Inc	15,614 (-3.0%)	$1,049 (-49.5%)	0.4%	$112.25	-25.3%	COM	337738108
CAT	Caterpillar Inc Del	11,204 (-2.8%)	$6,418 (+16.7%)	2.1%	$65.30	+750.6%	COM	149123101
PHM	Pulte Group Inc	39,991 (-2.7%)	$4,689 (-13.6%)	1.6%	$26.06	+369.8%	COM	745867101
FLO	Flowers Foods Inc	63,934 (-9.5%)	$696 (-24.6%)	0.2%	$13.34	-14.3%	COM	343498101
PEP	PepsiCo Inc.	5,750 (-15.4%)	$825 (-13.6%)	0.3%	$149.76	-2.6%	COM	713448108
WBD	Warner Brothers Discovery	9,707 (-3.6%)	$280 (+42.2%)	0.1%	$18.55	+26.0%	COM SER A	934423104
PLTR	Palantir Technologies Inc	1,500 (-16.7%)	$267 (-18.8%)	0.1%	$117.28	+54.4%	CL A	69608A108
NVDA	NVIDIA Corporation	3,200 (-8.6%)	$597 (-8.6%)	0.2%	$98.19	+89.6%	COM	67066G104
SOLV	Solventum Corp	3,626 (-3.3%)	$287 (+4.9%)	0.1%	$60.70	+26.2%	COM SHS	83444M101

Unchanged Positions (95)

LLY Lilly Eli & Co 4.0%

Value ($000) $11,904 Shares 11,077 Est. Cost $42.17 Unrealized +2165.7%

ORCL Oracle Corp 1.6%

Value ($000) $4,828 Shares 24,771 Est. Cost $41.00 Unrealized +480.6%

DD DuPont De Nemours Inc 0.4%

Value ($000) $1,174 Shares 29,196 Est. Cost $27.49 Unrealized +36.0%

MSFT Microsoft Corp 4.4%

Value ($000) $13,084 Shares 27,055 Est. Cost $27.12 Unrealized +1745.8%

AMGN Amgen Inc 2.1%

Value ($000) $6,340 Shares 19,371 Est. Cost $82.62 Unrealized +282.4%

CSCO Cisco Sys Inc 2.0%

Value ($000) $5,990 Shares 77,756 Est. Cost $22.16 Unrealized +232.9%

RTX RTX Corporation 2.5%

Value ($000) $7,611 Shares 41,501 Est. Cost $86.38 Unrealized +100.6%

WAT Waters Corp 1.0%

Value ($000) $2,868 Shares 7,550 Est. Cost $95.76 Unrealized +284.3%

JNJ Johnson & Johnson 1.8%

Value ($000) $5,361 Shares 25,904 Est. Cost $74.50 Unrealized +164.4%

MCK McKesson Corp 2.9%

Value ($000) $8,756 Shares 10,674 Est. Cost $111.41 Unrealized +632.0%

GPC Genuine Parts Co 1.2%

Value ($000) $3,506 Shares 28,511 Est. Cost $58.21 Unrealized +121.1%

UPS United Parcel Service Inc 0.9%

Value ($000) $2,728 Shares 27,505 Est. Cost $69.75 Unrealized +33.0%

FCX Freeport-McMoRan Inc 0.6%

Value ($000) $1,812 Shares 35,670 Est. Cost $31.82 Unrealized +36.1%

WFC Wells Fargo & Co New 1.3%

Value ($000) $3,903 Shares 41,873 Est. Cost $37.48 Unrealized +131.1%

INTC Intel Corp 1.5%

Value ($000) $4,351 Shares 117,905 Est. Cost $20.06 Unrealized +88.2%

IBM International Business Ma 2.3%

Value ($000) $6,971 Shares 23,535 Est. Cost $118.27 Unrealized +152.6%

DELL Dell Technologies Inc 0.8%

Value ($000) $2,505 Shares 19,896 Est. Cost $67.13 Unrealized +109.7%

BAC Bank of America Corp 1.7%

Value ($000) $5,068 Shares 92,142 Est. Cost $15.66 Unrealized +236.2%

VRSN Verisign Inc 0.6%

Value ($000) $1,806 Shares 7,434 Est. Cost $50.38 Unrealized +397.8%

PNC PNC Finl Svcs Group Inc 2.4%

Value ($000) $7,186 Shares 34,425 Est. Cost $102.50 Unrealized +88.1%

BAX Baxter Intl Inc 0.4%

Value ($000) $1,104 Shares 57,779 Est. Cost $32.97 Unrealized -39.3%

ENB Enbridge Inc 1.3%

Value ($000) $3,763 Shares 78,666 Est. Cost $25.63 Unrealized +83.8%

SO Southern Co 0.8%

Value ($000) $2,291 Shares 26,271 Est. Cost $36.76 Unrealized +147.3%

SLB SLB Limited 0.6%

Value ($000) $1,789 Shares 46,616 Est. Cost $46.76 Unrealized -22.9%

TFC Truist Finl Corp 0.8%

Value ($000) $2,442 Shares 49,616 Est. Cost $39.70 Unrealized +15.4%

TEVA Teva Pharm Inds Ltd 0.2%

Value ($000) $506 Shares 16,200 Est. Cost $36.88 Unrealized —

KO Coca Cola Co 1.2%

Value ($000) $3,637 Shares 52,020 Est. Cost $27.96 Unrealized +148.2%

HRB Block H&R Inc 0.3%

Value ($000) $1,012 Shares 23,233 Est. Cost $20.30 Unrealized +128.6%

UGI UGI Corp New 0.5%

Value ($000) $1,380 Shares 36,874 Est. Cost $26.58 Unrealized +33.2%

JPM JP Morgan Chase & Co 3.2%

Value ($000) $9,523 Shares 29,554 Est. Cost $49.77 Unrealized +521.9%

F Ford Mtr Co Del 0.5%

Value ($000) $1,619 Shares 123,410 Est. Cost $8.62 Unrealized +48.8%

CEG Constellation Energy Corp 0.8%

Value ($000) $2,480 Shares 7,019 Est. Cost $47.25 Unrealized +668.7%

PSX Phillips 66 0.9%

Value ($000) $2,693 Shares 20,867 Est. Cost $58.91 Unrealized +127.5%

MSI Motorola Solutions Inc 0.2%

Value ($000) $651 Shares 1,699 Est. Cost $91.54 Unrealized +337.8%

PG Procter & Gamble Co 0.6%

Value ($000) $1,740 Shares 12,142 Est. Cost $57.67 Unrealized +155.2%

LW Lamb Weston Holdings Inc 0.1%

Value ($000) $319 Shares 7,608 Est. Cost $29.75 Unrealized +97.4%

CVS CVS Health Corp 0.8%

Value ($000) $2,414 Shares 30,417 Est. Cost $55.24 Unrealized +42.4%

ALL Allstate Corp 1.1%

Value ($000) $3,287 Shares 15,790 Est. Cost $47.55 Unrealized +329.2%

MMM 3M Co 1.1%

Value ($000) $3,210 Shares 20,048 Est. Cost $70.16 Unrealized +132.6%

TT Trane Technolgies PLC 0.4%

Value ($000) $1,168 Shares 3,000 Est. Cost $93.73 Unrealized +341.3%

CMCSA Comcast Corp New 0.6%

Value ($000) $1,829 Shares 61,186 Est. Cost $28.63 Unrealized -0.3%

ADP Automatic Data Processing 0.2%

Value ($000) $640 Shares 2,487 Est. Cost $45.09 Unrealized +487.4%

DE Deere & Company 1.7%

Value ($000) $5,053 Shares 10,853 Est. Cost $69.38 Unrealized +574.1%

GEV GE Vernova Inc 0.5%

Value ($000) $1,491 Shares 2,281 Est. Cost $207.06 Unrealized +194.1%

XOM Exxon Mobil Corp 0.5%

Value ($000) $1,392 Shares 11,564 Est. Cost $74.90 Unrealized +54.2%

AVGO Broadcom Inc 0.6%

Value ($000) $1,854 Shares 5,358 Est. Cost $151.56 Unrealized +135.5%

HPE Hewlett Packard Enterprise 1.3%

Value ($000) $3,764 Shares 156,693 Est. Cost $15.71 Unrealized +49.2%

AAPL Apple Inc 0.4%

Value ($000) $1,290 Shares 4,745 Est. Cost $91.68 Unrealized +192.7%

CHTR Charter Communications In 0.1%

Value ($000) $242 Shares 1,157 Est. Cost $214.89 Unrealized +4.7%

MGA Magna Intl Inc 0.2%

Value ($000) $672 Shares 12,600 Est. Cost $46.26 Unrealized +5.6%

GLW Corning Inc 0.4%

Value ($000) $1,127 Shares 12,869 Est. Cost $10.49 Unrealized +720.0%

HSY Hershey Foods Corp 0.8%

Value ($000) $2,459 Shares 13,511 Est. Cost $72.88 Unrealized +149.9%

WY Weyerhaeuser Co 0.6%

Value ($000) $1,741 Shares 73,500 Est. Cost $20.46 Unrealized +12.4%

GOOG Alphabet Inc 0.1%

Value ($000) $265 Shares 846 Est. Cost $209.93 Unrealized +36.4%

EMR Emerson Elec Co 1.5%

Value ($000) $4,489 Shares 33,824 Est. Cost $40.94 Unrealized +223.4%

MDT Medtronic Inc 1.2%

Value ($000) $3,579 Shares 37,260 Est. Cost $97.63 Unrealized -0.5%

MCO Moodys Corp 0.2%

Value ($000) $715 Shares 1,400 Est. Cost $154.93 Unrealized +214.6%

GE GE Aerospace 0.6%

Value ($000) $1,932 Shares 6,272 Est. Cost $157.95 Unrealized +90.4%

PTC PTC Inc 0.1%

Value ($000) $270 Shares 1,551 Est. Cost $171.97 Unrealized +8.1%

VLO Valero Energy Corp New 0.3%

Value ($000) $895 Shares 5,500 Est. Cost $62.29 Unrealized +171.0%

COP ConocoPhillips 1.2%

Value ($000) $3,518 Shares 37,577 Est. Cost $41.99 Unrealized +114.4%

CAG ConAgra Brands Inc 0.2%

Value ($000) $662 Shares 38,245 Est. Cost $19.50 Unrealized -9.6%

TXN Texas Instrs Inc 0.2%

Value ($000) $642 Shares 3,700 Est. Cost $192.17 Unrealized -11.2%

GWW Grainger W W Inc 0.2%

Value ($000) $671 Shares 665 Est. Cost $149.54 Unrealized +547.9%

ITW Illinois Tool Wks Inc 0.2%

Value ($000) $613 Shares 2,490 Est. Cost $72.76 Unrealized +240.2%

ABT Abbott Labs 0.2%

Value ($000) $489 Shares 3,905 Est. Cost $33.83 Unrealized +276.3%

NEE NextEra Energy Inc 0.2%

Value ($000) $519 Shares 6,468 Est. Cost $52.77 Unrealized +56.4%

NSC Norfolk Southern Corp 0.2%

Value ($000) $711 Shares 2,462 Est. Cost $59.97 Unrealized +381.3%

HSBC HSBC Hldgs PLC 0.1%

Value ($000) $287 Shares 3,650 Est. Cost $57.43 Unrealized —

ASRV Ameriserv Finl Inc 0.1%

Value ($000) $303 Shares 94,865 Est. Cost $2.92 Unrealized +4.2%

— Pentair Inc 0.1%

Value ($000) $392 Shares 3,766 Est. Cost $61.89 Unrealized —

NVS Novartis AG 0.1%

Value ($000) $327 Shares 2,375 Est. Cost $70.72 Unrealized —

QCOM Qualcomm Inc 0.2%

Value ($000) $720 Shares 4,209 Est. Cost $158.90 Unrealized +7.5%

AMZN Amazon Com Inc 0.1%

Value ($000) $401 Shares 1,739 Est. Cost $146.50 Unrealized +56.2%

AEP American Elec Power 0.3%

Value ($000) $761 Shares 6,600 Est. Cost $87.46 Unrealized +34.6%

TSM Taiwan Semiconductr Mfg L 0.1%

Value ($000) $229 Shares 753 Est. Cost $279.29 Unrealized —

NWL Newell Brands 0.0%

Value ($000) $43 Shares 11,600 Est. Cost $17.04 Unrealized -76.6%

PEG Public Svc Enter Grp 0.1%

Value ($000) $422 Shares 5,250 Est. Cost $36.29 Unrealized +123.4%

CTVA Corteva Inc 0.6%

Value ($000) $1,738 Shares 25,927 Est. Cost $28.20 Unrealized +128.8%

SIGI Selective Insurance Group 0.2%

Value ($000) $458 Shares 5,474 Est. Cost $28.60 Unrealized +178.5%

NVT nVent Electric Plc 0.1%

Value ($000) $401 Shares 3,932 Est. Cost $26.57 Unrealized +289.9%

WM Waste Management Inc Del 0.8%

Value ($000) $2,489 Shares 11,327 Est. Cost $30.75 Unrealized +591.1%

MKC McCormick & Co Inc 0.2%

Value ($000) $719 Shares 10,550 Est. Cost $62.55 Unrealized +5.4%

TRP TC Energy Corp 0.4%

Value ($000) $1,122 Shares 20,400 Est. Cost $39.25 Unrealized +35.9%

— Amcor PLC 0.2%

Value ($000) $564 Shares 67,630 Est. Cost $8.64 Unrealized -4.5%

ABBV AbbVie Inc 0.3%

Value ($000) $788 Shares 3,450 Est. Cost $26.79 Unrealized +749.3%

IR Ingersoll Rand Inc 0.1%

Value ($000) $210 Shares 2,647 Est. Cost $68.24 Unrealized +15.7%

BP BP PLC 0.3%

Value ($000) $882 Shares 25,407 Est. Cost $38.42 Unrealized —

CNP CenterPoint Energy Inc 0.1%

Value ($000) $330 Shares 8,600 Est. Cost $15.27 Unrealized +154.5%

EMN Eastman Chem Co 0.1%

Value ($000) $285 Shares 4,465 Est. Cost $66.29 Unrealized -8.0%

AFL Aflac Inc 0.1%

Value ($000) $234 Shares 2,120 Est. Cost $98.75 Unrealized +11.2%

MA Mastercard Incorporated 0.1%

Value ($000) $219 Shares 383 Est. Cost $514.68 Unrealized +8.6%

CR Crane Company 0.1%

Value ($000) $334 Shares 1,813 Est. Cost $90.20 Unrealized +105.5%

SWK Stanley Black & Decker In 0.2%

Value ($000) $496 Shares 6,675 Est. Cost $87.68 Unrealized -20.3%

BRK/B Berkshire Hathaway Inc. C 0.4%

Value ($000) $1,119 Shares 2,226 Est. Cost $410.83 Unrealized +21.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Lilly Eli & Co	11,077	$11,904	4.0%	$42.17	+2165.7%	COM	532457108
ORCL	Oracle Corp	24,771	$4,828	1.6%	$41.00	+480.6%	COM	68389X105
DD	DuPont De Nemours Inc	29,196	$1,174	0.4%	$27.49	+36.0%	COM	26614N102
MSFT	Microsoft Corp	27,055	$13,084	4.4%	$27.12	+1745.8%	COM	594918104
AMGN	Amgen Inc	19,371	$6,340	2.1%	$82.62	+282.4%	COM	031162100
CSCO	Cisco Sys Inc	77,756	$5,990	2.0%	$22.16	+232.9%	COM	17275R102
RTX	RTX Corporation	41,501	$7,611	2.5%	$86.38	+100.6%	COM	75513E101
WAT	Waters Corp	7,550	$2,868	1.0%	$95.76	+284.3%	COM	941848103
JNJ	Johnson & Johnson	25,904	$5,361	1.8%	$74.50	+164.4%	COM	478160104
MCK	McKesson Corp	10,674	$8,756	2.9%	$111.41	+632.0%	COM	58155Q103
GPC	Genuine Parts Co	28,511	$3,506	1.2%	$58.21	+121.1%	COM	372460105
UPS	United Parcel Service Inc	27,505	$2,728	0.9%	$69.75	+33.0%	CL B	911312106
FCX	Freeport-McMoRan Inc	35,670	$1,812	0.6%	$31.82	+36.1%	CL B	35671D857
WFC	Wells Fargo & Co New	41,873	$3,903	1.3%	$37.48	+131.1%	COM	949746101
INTC	Intel Corp	117,905	$4,351	1.5%	$20.06	+88.2%	COM	458140100
IBM	International Business Ma	23,535	$6,971	2.3%	$118.27	+152.6%	COM	459200101
DELL	Dell Technologies Inc	19,896	$2,505	0.8%	$67.13	+109.7%	CL C	24703L202
BAC	Bank of America Corp	92,142	$5,068	1.7%	$15.66	+236.2%	COM	060505104
VRSN	Verisign Inc	7,434	$1,806	0.6%	$50.38	+397.8%	COM	92343E102
PNC	PNC Finl Svcs Group Inc	34,425	$7,186	2.4%	$102.50	+88.1%	COM	693475105
BAX	Baxter Intl Inc	57,779	$1,104	0.4%	$32.97	-39.3%	COM	071813109
ENB	Enbridge Inc	78,666	$3,763	1.3%	$25.63	+83.8%	COM	29250N105
SO	Southern Co	26,271	$2,291	0.8%	$36.76	+147.3%	COM	842587107
SLB	SLB Limited	46,616	$1,789	0.6%	$46.76	-22.9%	COM	806857108
TFC	Truist Finl Corp	49,616	$2,442	0.8%	$39.70	+15.4%	COM	89832Q109
TEVA	Teva Pharm Inds Ltd	16,200	$506	0.2%	$36.88	—	ADR	881624209
KO	Coca Cola Co	52,020	$3,637	1.2%	$27.96	+148.2%	COM	191216100
HRB	Block H&R Inc	23,233	$1,012	0.3%	$20.30	+128.6%	COM	093671105
UGI	UGI Corp New	36,874	$1,380	0.5%	$26.58	+33.2%	COM	902681105
JPM	JP Morgan Chase & Co	29,554	$9,523	3.2%	$49.77	+521.9%	COM	46625H100
F	Ford Mtr Co Del	123,410	$1,619	0.5%	$8.62	+48.8%	COM PAR $0.01	345370860
CEG	Constellation Energy Corp	7,019	$2,480	0.8%	$47.25	+668.7%	COM	21037T109
PSX	Phillips 66	20,867	$2,693	0.9%	$58.91	+127.5%	COM	718546104
MSI	Motorola Solutions Inc	1,699	$651	0.2%	$91.54	+337.8%	COM NEW	620076307
PG	Procter & Gamble Co	12,142	$1,740	0.6%	$57.67	+155.2%	COM	742718109
LW	Lamb Weston Holdings Inc	7,608	$319	0.1%	$29.75	+97.4%	COM	513272104
CVS	CVS Health Corp	30,417	$2,414	0.8%	$55.24	+42.4%	COM	126650100
ALL	Allstate Corp	15,790	$3,287	1.1%	$47.55	+329.2%	COM	020002101
MMM	3M Co	20,048	$3,210	1.1%	$70.16	+132.6%	COM	88579Y101
TT	Trane Technolgies PLC	3,000	$1,168	0.4%	$93.73	+341.3%	SHS	G8994E103
CMCSA	Comcast Corp New	61,186	$1,829	0.6%	$28.63	-0.3%	CL A	20030N101
ADP	Automatic Data Processing	2,487	$640	0.2%	$45.09	+487.4%	COM	053015103
DE	Deere & Company	10,853	$5,053	1.7%	$69.38	+574.1%	COM	244199105
GEV	GE Vernova Inc	2,281	$1,491	0.5%	$207.06	+194.1%	COM	36828A101
XOM	Exxon Mobil Corp	11,564	$1,392	0.5%	$74.90	+54.2%	COM	30231G102
AVGO	Broadcom Inc	5,358	$1,854	0.6%	$151.56	+135.5%	COM	11135F101
HPE	Hewlett Packard Enterprise	156,693	$3,764	1.3%	$15.71	+49.2%	COM	42824C109
AAPL	Apple Inc	4,745	$1,290	0.4%	$91.68	+192.7%	COM	037833100
CHTR	Charter Communications In	1,157	$242	0.1%	$214.89	+4.7%	CL A	16119P108
MGA	Magna Intl Inc	12,600	$672	0.2%	$46.26	+5.6%	COM	559222401
GLW	Corning Inc	12,869	$1,127	0.4%	$10.49	+720.0%	COM	219350105
HSY	Hershey Foods Corp	13,511	$2,459	0.8%	$72.88	+149.9%	COM	427866108
WY	Weyerhaeuser Co	73,500	$1,741	0.6%	$20.46	+12.4%	COM	962166104
GOOG	Alphabet Inc	846	$265	0.1%	$209.93	+36.4%	CAP STK CL C	02079K107
EMR	Emerson Elec Co	33,824	$4,489	1.5%	$40.94	+223.4%	COM	291011104
MDT	Medtronic Inc	37,260	$3,579	1.2%	$97.63	-0.5%	COM	G5960L103
MCO	Moodys Corp	1,400	$715	0.2%	$154.93	+214.6%	COM	615369105
GE	GE Aerospace	6,272	$1,932	0.6%	$157.95	+90.4%	COM	369604301
PTC	PTC Inc	1,551	$270	0.1%	$171.97	+8.1%	COM	69370C100
VLO	Valero Energy Corp New	5,500	$895	0.3%	$62.29	+171.0%	COM	91913Y100
COP	ConocoPhillips	37,577	$3,518	1.2%	$41.99	+114.4%	COM	20825C104
CAG	ConAgra Brands Inc	38,245	$662	0.2%	$19.50	-9.6%	COM	205887102
TXN	Texas Instrs Inc	3,700	$642	0.2%	$192.17	-11.2%	COM	882508104
GWW	Grainger W W Inc	665	$671	0.2%	$149.54	+547.9%	COM	384802104
ITW	Illinois Tool Wks Inc	2,490	$613	0.2%	$72.76	+240.2%	COM	452308109
ABT	Abbott Labs	3,905	$489	0.2%	$33.83	+276.3%	COM	002824100
NEE	NextEra Energy Inc	6,468	$519	0.2%	$52.77	+56.4%	COM	65339F101
NSC	Norfolk Southern Corp	2,462	$711	0.2%	$59.97	+381.3%	COM	655844108
HSBC	HSBC Hldgs PLC	3,650	$287	0.1%	$57.43	—	SPON ADR NEW	404280406
ASRV	Ameriserv Finl Inc	94,865	$303	0.1%	$2.92	+4.2%	COM	03074A102
—	Pentair Inc	3,766	$392	0.1%	$61.89	—	COM	709631105
NVS	Novartis AG	2,375	$327	0.1%	$70.72	—	SPONSORED ADR	66987V109
QCOM	Qualcomm Inc	4,209	$720	0.2%	$158.90	+7.5%	COM	747525103
AMZN	Amazon Com Inc	1,739	$401	0.1%	$146.50	+56.2%	COM	023135106
AEP	American Elec Power	6,600	$761	0.3%	$87.46	+34.6%	COM	025537101
TSM	Taiwan Semiconductr Mfg L	753	$229	0.1%	$279.29	—	SPONSORED ADR	874039100
NWL	Newell Brands	11,600	$43	0.0%	$17.04	-76.6%	COM	651229106
PEG	Public Svc Enter Grp	5,250	$422	0.1%	$36.29	+123.4%	COM	744573106
CTVA	Corteva Inc	25,927	$1,738	0.6%	$28.20	+128.8%	COM	22052L104
SIGI	Selective Insurance Group	5,474	$458	0.2%	$28.60	+178.5%	COM	816300107
NVT	nVent Electric Plc	3,932	$401	0.1%	$26.57	+289.9%	SHS	G6700G107
WM	Waste Management Inc Del	11,327	$2,489	0.8%	$30.75	+591.1%	COM	94106L109
MKC	McCormick & Co Inc	10,550	$719	0.2%	$62.55	+5.4%	COM NON VTG	579780206
TRP	TC Energy Corp	20,400	$1,122	0.4%	$39.25	+35.9%	COM	87807B107
—	Amcor PLC	67,630	$564	0.2%	$8.64	-4.5%	ORD	G0250X107
ABBV	AbbVie Inc	3,450	$788	0.3%	$26.79	+749.3%	COM	00287Y109
IR	Ingersoll Rand Inc	2,647	$210	0.1%	$68.24	+15.7%	COM	45687V106
BP	BP PLC	25,407	$882	0.3%	$38.42	—	SPONSORED ADR	055622104
CNP	CenterPoint Energy Inc	8,600	$330	0.1%	$15.27	+154.5%	COM	15189T107
EMN	Eastman Chem Co	4,465	$285	0.1%	$66.29	-8.0%	COM	277432100
AFL	Aflac Inc	2,120	$234	0.1%	$98.75	+11.2%	COM	001055102
MA	Mastercard Incorporated	383	$219	0.1%	$514.68	+8.6%	COM	57636Q104
CR	Crane Company	1,813	$334	0.1%	$90.20	+105.5%	COMMON STOCK	224408104
SWK	Stanley Black & Decker In	6,675	$496	0.2%	$87.68	-20.3%	COM	854502101
BRK/B	Berkshire Hathaway Inc. C	2,226	$1,119	0.4%	$410.83	+21.1%	CL B NEW	084670702