Pinnacle West Asset Management, Inc. Diversified Active

CIK: 0001975730 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 10, 2026

Total Value ($000): $154 (100.0% shares, 0.0% debt)

Holdings (114)

New Positions (3)

— RTX Corporation 0.4%

Value ($000) $1 Shares 3,165 Est. Cost $0.18 Unrealized —

— Target Corporation 0.2%

Value ($000) $0 Shares 3,000 Est. Cost $0.10 Unrealized —

— CH Robinson Worldwide Inc 0.2%

Value ($000) $0 Shares 1,500 Est. Cost $0.16 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RTX Corporation	3,165	$1	0.4%	$0.18	—	COM	75513e101
—	Target Corporation	3,000	$0	0.2%	$0.10	—	COM	87612e106
—	CH Robinson Worldwide Inc	1,500	$0	0.2%	$0.16	—	COM	12541w209

Increased Positions (11)

MRK Merck & Company Inc 0.7%

Value ($000) $1 (+26.7%) Shares 9,745 (+1.0%) Est. Cost $98.22 Unrealized -5.1%

BMY Bristol-Myers Squibb Company 0.5%

Value ($000) $1 (+22.1%) Shares 14,350 (+2.1%) Est. Cost $59.39 Unrealized -20.0%

UNH UnitedHealth Group Inc 1.6%

Value ($000) $2 (-3.3%) Shares 7,558 (+1.2%) Est. Cost $450.99 Unrealized -25.2%

FAST Fastenal Company 0.2%

Value ($000) $0 (-15.5%) Shares 8,025 (+3.2%) Est. Cost $39.55 Unrealized +6.3%

BDX Becton Dickenson & Company Inc 0.3%

Value ($000) $0 (+8.3%) Shares 2,545 (+4.5%) Est. Cost $228.68 Unrealized -17.1%

— Smith & Nephew plc 0.2%

Value ($000) $0 (-8.5%) Shares 11,465 (+1.3%) Est. Cost $0.03 Unrealized —

— Sanofi ADR 0.2%

Value ($000) $0 (+10.3%) Shares 6,175 (+7.4%) Est. Cost $0.05 Unrealized —

— Check Point Software Technolog 0.2%

Value ($000) $0 (-8.1%) Shares 1,290 (+2.8%) Est. Cost $0.20 Unrealized —

— Dell Computer Corp 0.1%

Value ($000) $0 (-7.5%) Shares 1,775 (+4.4%) Est. Cost $0.14 Unrealized —

PFE Pfizer Inc 0.3%

Value ($000) $0 (-1.0%) Shares 16,183 (+1.4%) Est. Cost $33.13 Unrealized -24.4%

SYK Stryker Corporation 0.2%

Value ($000) $0 (+0.6%) Shares 1,035 (+5.6%) Est. Cost $351.46 Unrealized +3.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRK	Merck & Company Inc	9,745 (+1.0%)	$1 (+26.7%)	0.7%	$98.22	-5.1%	COM	58933Y105
BMY	Bristol-Myers Squibb Company	14,350 (+2.1%)	$1 (+22.1%)	0.5%	$59.39	-20.0%	COM	110122108
UNH	UnitedHealth Group Inc	7,558 (+1.2%)	$2 (-3.3%)	1.6%	$450.99	-25.2%	COM	91324P102
FAST	Fastenal Company	8,025 (+3.2%)	$0 (-15.5%)	0.2%	$39.55	+6.3%	COM	311900104
BDX	Becton Dickenson & Company Inc	2,545 (+4.5%)	$0 (+8.3%)	0.3%	$228.68	-17.1%	COM	075887109
—	Smith & Nephew plc	11,465 (+1.3%)	$0 (-8.5%)	0.2%	$0.03	—	COM	83175m205
—	Sanofi ADR	6,175 (+7.4%)	$0 (+10.3%)	0.2%	$0.05	—	COM	80105n105
—	Check Point Software Technolog	1,290 (+2.8%)	$0 (-8.1%)	0.2%	$0.20	—	COM	m22465104
—	Dell Computer Corp	1,775 (+4.4%)	$0 (-7.5%)	0.1%	$0.14	—	COM	24703l202
PFE	Pfizer Inc	16,183 (+1.4%)	$0 (-1.0%)	0.3%	$33.13	-24.4%	COM	717081103
SYK	Stryker Corporation	1,035 (+5.6%)	$0 (+0.6%)	0.2%	$351.46	+3.4%	COM	863667101

Exited Positions (5)

RTX RTX Corporation 0.4%

Value ($000) $1 Shares 3,265 Est. Cost $154.28 Unrealized +12.3%

TGT Target Corporation 0.2%

Value ($000) $0 Shares 3,000 Est. Cost $96.73 Unrealized -5.3%

DD DuPont de Nemours, Inc. 0.2%

Value ($000) $0 Shares 3,030 Est. Cost $28.65 Unrealized +30.5%

CLX Clorox Corp 0.1%

Value ($000) $0 Shares 1,780 Est. Cost $142.59 Unrealized -24.1%

ES Eversource Energy 0.1%

Value ($000) $0 Shares 2,880 Est. Cost $64.19 Unrealized +8.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RTX	RTX Corporation	3,265	$1	0.4%	$154.28	+12.3%	—	75513E101
TGT	Target Corporation	3,000	$0	0.2%	$96.73	-5.3%	—	87612E106
DD	DuPont de Nemours, Inc.	3,030	$0	0.2%	$28.65	+30.5%	—	26614N102
CLX	Clorox Corp	1,780	$0	0.1%	$142.59	-24.1%	—	189054109
ES	Eversource Energy	2,880	$0	0.1%	$64.19	+8.3%	—	30040W108

Decreased Positions (68)

ORCL Oracle Corporation 1.3%

Value ($000) $2 (-32.1%) Shares 10,635 (-2.1%) Est. Cost $85.69 Unrealized +177.8%

GOOGL Alphabet Inc Class A 2.6%

Value ($000) $4 (+25.0%) Shares 12,605 (-2.9%) Est. Cost $98.77 Unrealized +189.2%

HD Home Depot Inc 2.0%

Value ($000) $3 (-16.3%) Shares 8,760 (-1.4%) Est. Cost $286.49 Unrealized +27.3%

META Meta Platforms Inc 2.3%

Value ($000) $4 (-12.1%) Shares 5,438 (-2.2%) Est. Cost $179.38 Unrealized +272.0%

AAPL Apple Inc 6.6%

Value ($000) $10 (+5.0%) Shares 37,505 (-1.7%) Est. Cost $146.02 Unrealized +83.8%

CAT Caterpillar Inc 1.8%

Value ($000) $3 (+18.2%) Shares 4,811 (-1.5%) Est. Cost $233.36 Unrealized +138.0%

AMGN AMGEN Inc 2.0%

Value ($000) $3 (+14.7%) Shares 9,540 (-1.1%) Est. Cost $226.21 Unrealized +39.7%

BX The Blackstone Group 1.2%

Value ($000) $2 (-14.1%) Shares 12,010 (-4.8%) Est. Cost $82.34 Unrealized +83.9%

— Blackrock Inc 1.8%

Value ($000) $3 (-9.3%) Shares 2,580 (-1.2%) Est. Cost $0.70 Unrealized —

GS Goldman Sachs Group Inc 2.3%

Value ($000) $4 (+8.8%) Shares 3,995 (-1.5%) Est. Cost $337.56 Unrealized +141.0%

WMB Williams Companies Inc 2.1%

Value ($000) $3 (-7.7%) Shares 53,044 (-2.8%) Est. Cost $27.67 Unrealized +117.1%

JNJ Johnson & Johnson 2.0%

Value ($000) $3 (+9.4%) Shares 14,660 (-2.0%) Est. Cost $147.99 Unrealized +33.1%

WMT Wal-Mart Stores Inc 2.3%

Value ($000) $4 (+7.0%) Shares 31,625 (-1.0%) Est. Cost $53.76 Unrealized +99.4%

NVDA NVIDIA Corp 3.3%

Value ($000) $5 (-3.8%) Shares 27,020 (-3.7%) Est. Cost $93.20 Unrealized +99.7%

CSCO CISCO Systems Inc 1.3%

Value ($000) $2 (+9.0%) Shares 26,400 (-3.2%) Est. Cost $45.38 Unrealized +62.6%

KMI Kinder Morgan Inc 1.7%

Value ($000) $3 (-4.9%) Shares 94,268 (-2.0%) Est. Cost $15.24 Unrealized +76.5%

GPC Genuine Parts Company 0.6%

Value ($000) $1 (-12.8%) Shares 7,325 (-1.7%) Est. Cost $150.20 Unrealized -14.3%

AMZN Amazon.Com Inc 2.9%

Value ($000) $4 (+3.1%) Shares 19,070 (-1.9%) Est. Cost $100.35 Unrealized +128.0%

XOM Exxon Mobil Corporation 1.6%

Value ($000) $2 (+5.4%) Shares 20,105 (-1.2%) Est. Cost $100.68 Unrealized +14.7%

TXN Texas Instruments Inc 0.8%

Value ($000) $1 (-8.0%) Shares 7,337 (-2.6%) Est. Cost $160.84 Unrealized +6.1%

ABT Abbott Laboratories Inc 0.7%

Value ($000) $1 (-8.2%) Shares 8,165 (-1.8%) Est. Cost $100.01 Unrealized +27.3%

CVX Chevron Corporation 1.5%

Value ($000) $2 (-3.6%) Shares 15,140 (-1.8%) Est. Cost $147.86 Unrealized +2.4%

HON Honeywell International Inc 0.6%

Value ($000) $1 (-8.4%) Shares 4,670 (-1.1%) Est. Cost $176.67 Unrealized +10.4%

INTC Intel Corporation 0.7%

Value ($000) $1 (+8.6%) Shares 28,054 (-1.2%) Est. Cost $28.54 Unrealized +32.3%

PG Procter & Gamble Co 0.6%

Value ($000) $1 (-8.1%) Shares 6,410 (-1.5%) Est. Cost $133.61 Unrealized +10.2%

IP International Paper Company 0.3%

Value ($000) $0 (-16.5%) Shares 10,155 (-1.7%) Est. Cost $32.41 Unrealized +26.1%

MDLZ Mondelez International Inc 0.3%

Value ($000) $0 (-15.2%) Shares 7,970 (-1.5%) Est. Cost $61.49 Unrealized -7.2%

NSC Norfolk Southern Corporation 0.7%

Value ($000) $1 (-6.1%) Shares 3,940 (-2.4%) Est. Cost $215.76 Unrealized +33.8%

HII Huntington Ingalls Industries 0.3%

Value ($000) $1 (+16.2%) Shares 1,480 (-1.7%) Est. Cost $213.48 Unrealized +45.0%

LIN Linde plc 0.3%

Value ($000) $0 (-11.3%) Shares 1,080 (-1.4%) Est. Cost $326.86 Unrealized +30.7%

SWKS Skyworks Solutions Inc 0.2%

Value ($000) $0 (-19.9%) Shares 3,760 (-2.6%) Est. Cost $96.33 Unrealized -27.9%

ITW Illinois Tool Works Inc 0.5%

Value ($000) $1 (-7.5%) Shares 2,875 (-2.0%) Est. Cost $219.01 Unrealized +13.0%

SO Southern Company 0.3%

Value ($000) $0 (-9.7%) Shares 5,310 (-1.8%) Est. Cost $60.88 Unrealized +49.3%

OKE ONEOK, Inc 1.0%

Value ($000) $2 (-3.1%) Shares 21,042 (-3.9%) Est. Cost $57.49 Unrealized +22.6%

INTU Intuit Inc 0.6%

Value ($000) $1 (-4.9%) Shares 1,338 (-2.0%) Est. Cost $432.79 Unrealized +52.7%

IBM International Business Machine 1.2%

Value ($000) $2 (+2.5%) Shares 6,122 (-2.3%) Est. Cost $122.18 Unrealized +144.6%

PRU Prudential Financial Inc 0.4%

Value ($000) $1 (+7.1%) Shares 5,630 (-1.7%) Est. Cost $82.75 Unrealized +28.7%

BHP BHP Group Ltd 0.4%

Value ($000) $1 (+7.2%) Shares 9,375 (-1.1%) Est. Cost $0.06 Unrealized —

DUK Duke Energy Corporation 0.4%

Value ($000) $1 (-6.3%) Shares 4,605 (-1.1%) Est. Cost $88.89 Unrealized +36.8%

AFL AFLAC Inc 0.5%

Value ($000) $1 (-4.1%) Shares 7,675 (-2.8%) Est. Cost $64.47 Unrealized +70.4%

DIS The Walt Disney Company 1.0%

Value ($000) $2 (-2.2%) Shares 14,060 (-1.6%) Est. Cost $97.48 Unrealized +12.4%

BKH Black Hills Corporation 0.2%

Value ($000) $0 (+10.9%) Shares 5,130 (-1.4%) Est. Cost $56.59 Unrealized +17.5%

LMT Lockheed Martin Company 0.4%

Value ($000) $1 (-4.9%) Shares 1,338 (-1.8%) Est. Cost $432.51 Unrealized +10.1%

NEE NextEra Energy Inc 0.4%

Value ($000) $1 (+5.1%) Shares 8,275 (-1.2%) Est. Cost $70.15 Unrealized +17.6%

OGE OGE Energy Corporation 0.2%

Value ($000) $0 (-9.8%) Shares 6,225 (-2.4%) Est. Cost $34.62 Unrealized +28.8%

NVS Novartis AG 0.4%

Value ($000) $1 (+5.2%) Shares 4,270 (-2.3%) Est. Cost $0.10 Unrealized —

JPM J P Morgan Chase & Company 3.0%

Value ($000) $5 (-0.6%) Shares 14,100 (-2.7%) Est. Cost $129.82 Unrealized +138.4%

BRK/B Berkshire Hathaway Inc 0.9%

Value ($000) $1 (-1.9%) Shares 2,710 (-1.8%) Est. Cost $311.86 Unrealized +59.5%

CRM salesforce.com inc 0.2%

Value ($000) $0 (+7.5%) Shares 1,185 (-3.7%) Est. Cost $219.30 Unrealized +13.2%

WY Weyerhauser Company 0.2%

Value ($000) $0 (-6.8%) Shares 10,990 (-2.2%) Est. Cost $28.84 Unrealized -20.3%

MMM 3M Company 0.6%

Value ($000) $1 (+2.1%) Shares 5,515 (-1.1%) Est. Cost $86.95 Unrealized +87.7%

AWK American Water Works Company I 0.1%

Value ($000) $0 (-7.8%) Shares 1,635 (-1.5%) Est. Cost $121.98 Unrealized +9.2%

D Dominion Energy Inc 0.2%

Value ($000) $0 (-6.9%) Shares 4,145 (-2.9%) Est. Cost $51.26 Unrealized +16.6%

MCD McDonalds Corporation 1.3%

Value ($000) $2 (-0.8%) Shares 6,530 (-1.4%) Est. Cost $251.82 Unrealized +21.2%

ADBE Adobe Systems Inc 0.3%

Value ($000) $0 (-3.2%) Shares 1,378 (-2.5%) Est. Cost $394.78 Unrealized -13.9%

GD General Dynamics Corporation 0.4%

Value ($000) $1 (-2.7%) Shares 1,615 (-1.5%) Est. Cost $228.58 Unrealized +49.1%

ADM Archer Daniels Midland Co 0.1%

Value ($000) $0 (-6.6%) Shares 3,680 (-3.3%) Est. Cost $57.76 Unrealized +3.0%

BAC Bank of America Corp 0.2%

Value ($000) $0 (+5.1%) Shares 5,625 (-1.3%) Est. Cost $42.02 Unrealized +25.3%

NSRGY Nestle S A ADR 0.2%

Value ($000) $0 (+5.0%) Shares 2,970 (-2.5%) Est. Cost $0.12 Unrealized —

QCOM Qualcomm Inc 0.6%

Value ($000) $1 (+1.4%) Shares 5,210 (-1.4%) Est. Cost $116.15 Unrealized +47.0%

ED Consolidated Edison Inc 0.2%

Value ($000) $0 (-3.5%) Shares 3,050 (-2.4%) Est. Cost $84.67 Unrealized +16.7%

DE Deere & Company 1.2%

Value ($000) $2 (+0.5%) Shares 3,888 (-1.3%) Est. Cost $396.54 Unrealized +17.9%

PEP Pepsico Inc 0.6%

Value ($000) $1 (+0.9%) Shares 5,970 (-1.2%) Est. Cost $157.98 Unrealized -7.6%

BA Boeing Company Inc 0.7%

Value ($000) $1 (-0.7%) Shares 4,665 (-1.3%) Est. Cost $205.08 Unrealized +0.3%

AEP American Electric Power Inc 0.4%

Value ($000) $1 (+0.9%) Shares 4,775 (-1.5%) Est. Cost $81.57 Unrealized +44.3%

CTVA Corteva, Inc 0.2%

Value ($000) $0 (-1.7%) Shares 4,200 (-1.2%) Est. Cost $50.77 Unrealized +27.1%

MDT Medtronic PLC 0.5%

Value ($000) $1 (-0.4%) Shares 8,055 (-1.2%) Est. Cost $75.26 Unrealized +29.1%

EPD Enterprise Products Partners L 1.2%

Value ($000) $2 (+0.1%) Shares 58,537 (-2.4%) Est. Cost $0.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	Oracle Corporation	10,635 (-2.1%)	$2 (-32.1%)	1.3%	$85.69	+177.8%	COM	68389X105
GOOGL	Alphabet Inc Class A	12,605 (-2.9%)	$4 (+25.0%)	2.6%	$98.77	+189.2%	COM	02079K305
HD	Home Depot Inc	8,760 (-1.4%)	$3 (-16.3%)	2.0%	$286.49	+27.3%	COM	437076102
META	Meta Platforms Inc	5,438 (-2.2%)	$4 (-12.1%)	2.3%	$179.38	+272.0%	COM	30303M102
AAPL	Apple Inc	37,505 (-1.7%)	$10 (+5.0%)	6.6%	$146.02	+83.8%	COM	037833100
CAT	Caterpillar Inc	4,811 (-1.5%)	$3 (+18.2%)	1.8%	$233.36	+138.0%	COM	149123101
AMGN	AMGEN Inc	9,540 (-1.1%)	$3 (+14.7%)	2.0%	$226.21	+39.7%	COM	031162100
BX	The Blackstone Group	12,010 (-4.8%)	$2 (-14.1%)	1.2%	$82.34	+83.9%	COM	09260D107
—	Blackrock Inc	2,580 (-1.2%)	$3 (-9.3%)	1.8%	$0.70	—	COM	09247X101
GS	Goldman Sachs Group Inc	3,995 (-1.5%)	$4 (+8.8%)	2.3%	$337.56	+141.0%	COM	38141G104
WMB	Williams Companies Inc	53,044 (-2.8%)	$3 (-7.7%)	2.1%	$27.67	+117.1%	COM	969457100
JNJ	Johnson & Johnson	14,660 (-2.0%)	$3 (+9.4%)	2.0%	$147.99	+33.1%	COM	478160104
WMT	Wal-Mart Stores Inc	31,625 (-1.0%)	$4 (+7.0%)	2.3%	$53.76	+99.4%	COM	931142103
NVDA	NVIDIA Corp	27,020 (-3.7%)	$5 (-3.8%)	3.3%	$93.20	+99.7%	COM	67066G104
CSCO	CISCO Systems Inc	26,400 (-3.2%)	$2 (+9.0%)	1.3%	$45.38	+62.6%	COM	17275R102
KMI	Kinder Morgan Inc	94,268 (-2.0%)	$3 (-4.9%)	1.7%	$15.24	+76.5%	COM	49456B101
GPC	Genuine Parts Company	7,325 (-1.7%)	$1 (-12.8%)	0.6%	$150.20	-14.3%	COM	372460105
AMZN	Amazon.Com Inc	19,070 (-1.9%)	$4 (+3.1%)	2.9%	$100.35	+128.0%	COM	023135106
XOM	Exxon Mobil Corporation	20,105 (-1.2%)	$2 (+5.4%)	1.6%	$100.68	+14.7%	COM	30231G102
TXN	Texas Instruments Inc	7,337 (-2.6%)	$1 (-8.0%)	0.8%	$160.84	+6.1%	COM	882508104
ABT	Abbott Laboratories Inc	8,165 (-1.8%)	$1 (-8.2%)	0.7%	$100.01	+27.3%	COM	002824100
CVX	Chevron Corporation	15,140 (-1.8%)	$2 (-3.6%)	1.5%	$147.86	+2.4%	COM	166764100
HON	Honeywell International Inc	4,670 (-1.1%)	$1 (-8.4%)	0.6%	$176.67	+10.4%	COM	438516106
INTC	Intel Corporation	28,054 (-1.2%)	$1 (+8.6%)	0.7%	$28.54	+32.3%	COM	458140100
PG	Procter & Gamble Co	6,410 (-1.5%)	$1 (-8.1%)	0.6%	$133.61	+10.2%	COM	742718109
IP	International Paper Company	10,155 (-1.7%)	$0 (-16.5%)	0.3%	$32.41	+26.1%	COM	460146103
MDLZ	Mondelez International Inc	7,970 (-1.5%)	$0 (-15.2%)	0.3%	$61.49	-7.2%	COM	609207105
NSC	Norfolk Southern Corporation	3,940 (-2.4%)	$1 (-6.1%)	0.7%	$215.76	+33.8%	COM	655844108
HII	Huntington Ingalls Industries	1,480 (-1.7%)	$1 (+16.2%)	0.3%	$213.48	+45.0%	COM	446413106
LIN	Linde plc	1,080 (-1.4%)	$0 (-11.3%)	0.3%	$326.86	+30.7%	COM	G54950103
SWKS	Skyworks Solutions Inc	3,760 (-2.6%)	$0 (-19.9%)	0.2%	$96.33	-27.9%	COM	83088M102
ITW	Illinois Tool Works Inc	2,875 (-2.0%)	$1 (-7.5%)	0.5%	$219.01	+13.0%	COM	452308109
SO	Southern Company	5,310 (-1.8%)	$0 (-9.7%)	0.3%	$60.88	+49.3%	COM	842587107
OKE	ONEOK, Inc	21,042 (-3.9%)	$2 (-3.1%)	1.0%	$57.49	+22.6%	COM	682680103
INTU	Intuit Inc	1,338 (-2.0%)	$1 (-4.9%)	0.6%	$432.79	+52.7%	COM	461202103
IBM	International Business Machine	6,122 (-2.3%)	$2 (+2.5%)	1.2%	$122.18	+144.6%	COM	459200101
PRU	Prudential Financial Inc	5,630 (-1.7%)	$1 (+7.1%)	0.4%	$82.75	+28.7%	COM	744320102
BHP	BHP Group Ltd	9,375 (-1.1%)	$1 (+7.2%)	0.4%	$0.06	—	COM	088606108
DUK	Duke Energy Corporation	4,605 (-1.1%)	$1 (-6.3%)	0.4%	$88.89	+36.8%	COM	26441C204
AFL	AFLAC Inc	7,675 (-2.8%)	$1 (-4.1%)	0.5%	$64.47	+70.4%	COM	001055102
DIS	The Walt Disney Company	14,060 (-1.6%)	$2 (-2.2%)	1.0%	$97.48	+12.4%	COM	254687106
BKH	Black Hills Corporation	5,130 (-1.4%)	$0 (+10.9%)	0.2%	$56.59	+17.5%	COM	092113109
LMT	Lockheed Martin Company	1,338 (-1.8%)	$1 (-4.9%)	0.4%	$432.51	+10.1%	COM	539830109
NEE	NextEra Energy Inc	8,275 (-1.2%)	$1 (+5.1%)	0.4%	$70.15	+17.6%	COM	65339F101
OGE	OGE Energy Corporation	6,225 (-2.4%)	$0 (-9.8%)	0.2%	$34.62	+28.8%	COM	670837103
NVS	Novartis AG	4,270 (-2.3%)	$1 (+5.2%)	0.4%	$0.10	—	COM	66987V109
JPM	J P Morgan Chase & Company	14,100 (-2.7%)	$5 (-0.6%)	3.0%	$129.82	+138.4%	COM	46625H100
BRK/B	Berkshire Hathaway Inc	2,710 (-1.8%)	$1 (-1.9%)	0.9%	$311.86	+59.5%	COM	084670702
CRM	salesforce.com inc	1,185 (-3.7%)	$0 (+7.5%)	0.2%	$219.30	+13.2%	COM	79466L302
WY	Weyerhauser Company	10,990 (-2.2%)	$0 (-6.8%)	0.2%	$28.84	-20.3%	COM	962166104
MMM	3M Company	5,515 (-1.1%)	$1 (+2.1%)	0.6%	$86.95	+87.7%	COM	88579Y101
AWK	American Water Works Company I	1,635 (-1.5%)	$0 (-7.8%)	0.1%	$121.98	+9.2%	COM	030420103
D	Dominion Energy Inc	4,145 (-2.9%)	$0 (-6.9%)	0.2%	$51.26	+16.6%	COM	25746U109
MCD	McDonalds Corporation	6,530 (-1.4%)	$2 (-0.8%)	1.3%	$251.82	+21.2%	COM	580135101
ADBE	Adobe Systems Inc	1,378 (-2.5%)	$0 (-3.2%)	0.3%	$394.78	-13.9%	COM	00724F101
GD	General Dynamics Corporation	1,615 (-1.5%)	$1 (-2.7%)	0.4%	$228.58	+49.1%	COM	369550108
ADM	Archer Daniels Midland Co	3,680 (-3.3%)	$0 (-6.6%)	0.1%	$57.76	+3.0%	COM	039483102
BAC	Bank of America Corp	5,625 (-1.3%)	$0 (+5.1%)	0.2%	$42.02	+25.3%	COM	060505104
NSRGY	Nestle S A ADR	2,970 (-2.5%)	$0 (+5.0%)	0.2%	$0.12	—	COM	641069406
QCOM	Qualcomm Inc	5,210 (-1.4%)	$1 (+1.4%)	0.6%	$116.15	+47.0%	COM	747525103
ED	Consolidated Edison Inc	3,050 (-2.4%)	$0 (-3.5%)	0.2%	$84.67	+16.7%	COM	209115104
DE	Deere & Company	3,888 (-1.3%)	$2 (+0.5%)	1.2%	$396.54	+17.9%	COM	244199105
PEP	Pepsico Inc	5,970 (-1.2%)	$1 (+0.9%)	0.6%	$157.98	-7.6%	COM	713448108
BA	Boeing Company Inc	4,665 (-1.3%)	$1 (-0.7%)	0.7%	$205.08	+0.3%	COM	097023105
AEP	American Electric Power Inc	4,775 (-1.5%)	$1 (+0.9%)	0.4%	$81.57	+44.3%	COM	025537101
CTVA	Corteva, Inc	4,200 (-1.2%)	$0 (-1.7%)	0.2%	$50.77	+27.1%	COM	22052L104
MDT	Medtronic PLC	8,055 (-1.2%)	$1 (-0.4%)	0.5%	$75.26	+29.1%	COM	G5960L103
EPD	Enterprise Products Partners L	58,537 (-2.4%)	$2 (+0.1%)	1.2%	$0.03	—	COM	293792107

Unchanged Positions (32)

LLY Eli Lilly & Company 3.1%

Value ($000) $5 Shares 4,381 Est. Cost $333.59 Unrealized +186.4%

MSFT Microsoft Corporation 7.6%

Value ($000) $12 Shares 24,085 Est. Cost $253.25 Unrealized +97.7%

GOOG Alphabet Inc Class C 1.0%

Value ($000) $1 Shares 4,670 Est. Cost $95.84 Unrealized +198.8%

STX Seagate Technology 1.1%

Value ($000) $2 Shares 6,095 Est. Cost $66.79 Unrealized +287.6%

ADP Automatic Data Processing Inc 0.9%

Value ($000) $1 Shares 5,177 Est. Cost $213.10 Unrealized +24.3%

UPS United Parcel Service Class B 0.6%

Value ($000) $1 Shares 8,610 Est. Cost $136.78 Unrealized -32.2%

— Costco Wholesale Corp 1.1%

Value ($000) $2 Shares 2,005 Est. Cost $0.50 Unrealized —

T AT&T Inc 0.5%

Value ($000) $1 Shares 32,789 Est. Cost $16.40 Unrealized +54.2%

RY Royal Bank of Canada 0.4%

Value ($000) $1 Shares 4,000 Est. Cost $99.10 Unrealized +55.0%

VZ Verizon Communications 0.6%

Value ($000) $1 Shares 22,360 Est. Cost $32.77 Unrealized +23.5%

DHR Danaher Corporation 0.4%

Value ($000) $1 Shares 2,530 Est. Cost $222.94 Unrealized -1.5%

PCAR Paccar Inc 0.4%

Value ($000) $1 Shares 5,870 Est. Cost $75.69 Unrealized +33.7%

UNP Union Pacific Corporation 1.1%

Value ($000) $2 Shares 7,555 Est. Cost $190.20 Unrealized +19.5%

AXP American Express Co 0.2%

Value ($000) $0 Shares 1,000 Est. Cost $202.90 Unrealized +75.9%

KO The Coca-Cola Company 0.5%

Value ($000) $1 Shares 11,190 Est. Cost $55.71 Unrealized +24.6%

V Visa Inc Class A 1.2%

Value ($000) $2 Shares 5,257 Est. Cost $219.99 Unrealized +54.7%

DEO Diageo PLC ADR 0.2%

Value ($000) $0 Shares 3,255 Est. Cost $0.16 Unrealized —

LOW Lowe's Companies Inc 0.5%

Value ($000) $1 Shares 3,100 Est. Cost $192.20 Unrealized +24.8%

WEC WEC Energy Group Inc 0.2%

Value ($000) $0 Shares 2,580 Est. Cost $84.61 Unrealized +30.3%

DRI Darden Resturants Inc 0.5%

Value ($000) $1 Shares 3,810 Est. Cost $151.80 Unrealized +20.0%

GIS General Mills Inc 0.1%

Value ($000) $0 Shares 4,580 Est. Cost $70.79 Unrealized -33.0%

WAFD Washington Federal Inc 0.2%

Value ($000) $0 Shares 10,000 Est. Cost $30.32 Unrealized +0.6%

CL Colgate-Palmolive Company 0.4%

Value ($000) $1 Shares 8,035 Est. Cost $69.66 Unrealized +12.4%

HSY The Hershey Company 0.2%

Value ($000) $0 Shares 2,035 Est. Cost $206.81 Unrealized -11.9%

SIEGY Siemens AG 0.2%

Value ($000) $0 Shares 1,950 Est. Cost $0.12 Unrealized —

SBUX Starbucks Corporation 0.4%

Value ($000) $1 Shares 7,670 Est. Cost $95.40 Unrealized -11.9%

SRE Sempra Energy 0.1%

Value ($000) $0 Shares 2,595 Est. Cost $79.82 Unrealized +13.4%

PM Philip Morris International 0.3%

Value ($000) $0 Shares 3,000 Est. Cost $86.95 Unrealized +76.6%

— AbbVie 0.3%

Value ($000) $0 Shares 2,000 Est. Cost $0.16 Unrealized —

ATO Atmos Energy Corporation 0.2%

Value ($000) $0 Shares 1,985 Est. Cost $109.98 Unrealized +56.7%

— Waste Management Inc. 0.2%

Value ($000) $0 Shares 1,580 Est. Cost $0.20 Unrealized —

COP ConocoPhillips 0.6%

Value ($000) $1 Shares 10,525 Est. Cost $99.78 Unrealized -9.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Eli Lilly & Company	4,381	$5	3.1%	$333.59	+186.4%	COM	532457108
MSFT	Microsoft Corporation	24,085	$12	7.6%	$253.25	+97.7%	COM	594918104
GOOG	Alphabet Inc Class C	4,670	$1	1.0%	$95.84	+198.8%	COM	02079K107
STX	Seagate Technology	6,095	$2	1.1%	$66.79	+287.6%	COM	G7997R103
ADP	Automatic Data Processing Inc	5,177	$1	0.9%	$213.10	+24.3%	COM	053015103
UPS	United Parcel Service Class B	8,610	$1	0.6%	$136.78	-32.2%	COM	911312106
—	Costco Wholesale Corp	2,005	$2	1.1%	$0.50	—	COM	22160k105
T	AT&T Inc	32,789	$1	0.5%	$16.40	+54.2%	COM	00206R102
RY	Royal Bank of Canada	4,000	$1	0.4%	$99.10	+55.0%	COM	780087102
VZ	Verizon Communications	22,360	$1	0.6%	$32.77	+23.5%	COM	92343V104
DHR	Danaher Corporation	2,530	$1	0.4%	$222.94	-1.5%	COM	235851102
PCAR	Paccar Inc	5,870	$1	0.4%	$75.69	+33.7%	COM	693718108
UNP	Union Pacific Corporation	7,555	$2	1.1%	$190.20	+19.5%	COM	907818108
AXP	American Express Co	1,000	$0	0.2%	$202.90	+75.9%	COM	025816109
KO	The Coca-Cola Company	11,190	$1	0.5%	$55.71	+24.6%	COM	191216100
V	Visa Inc Class A	5,257	$2	1.2%	$219.99	+54.7%	COM	92826C839
DEO	Diageo PLC ADR	3,255	$0	0.2%	$0.16	—	COM	25243Q205
LOW	Lowe's Companies Inc	3,100	$1	0.5%	$192.20	+24.8%	COM	548661107
WEC	WEC Energy Group Inc	2,580	$0	0.2%	$84.61	+30.3%	COM	92939U106
DRI	Darden Resturants Inc	3,810	$1	0.5%	$151.80	+20.0%	COM	237194105
GIS	General Mills Inc	4,580	$0	0.1%	$70.79	-33.0%	COM	370334104
WAFD	Washington Federal Inc	10,000	$0	0.2%	$30.32	+0.6%	COM	938824109
CL	Colgate-Palmolive Company	8,035	$1	0.4%	$69.66	+12.4%	COM	194162103
HSY	The Hershey Company	2,035	$0	0.2%	$206.81	-11.9%	COM	427866108
SIEGY	Siemens AG	1,950	$0	0.2%	$0.12	—	COM	826197501
SBUX	Starbucks Corporation	7,670	$1	0.4%	$95.40	-11.9%	COM	855244109
SRE	Sempra Energy	2,595	$0	0.1%	$79.82	+13.4%	COM	816851109
PM	Philip Morris International	3,000	$0	0.3%	$86.95	+76.6%	COM	718172109
—	AbbVie	2,000	$0	0.3%	$0.16	—	COM	00287y109
ATO	Atmos Energy Corporation	1,985	$0	0.2%	$109.98	+56.7%	COM	049560105
—	Waste Management Inc.	1,580	$0	0.2%	$0.20	—	COM	94106l109
COP	ConocoPhillips	10,525	$1	0.6%	$99.78	-9.8%	COM	20825C104