Clifford Swan Investment Counsel 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COM	88579Y101	9,192,202	67,244	SH		SOLE	0	53,573	0	13,671
ABBOTT LABS	COM	002824100	24,827,696	217,768	SH		SOLE	0	166,509	0	51,259
ABBVIE INC	COM	00287Y109	30,979,032	156,872	SH		SOLE	0	115,776	0	41,095
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	26,511	75	SH		OTR	0	0	0	75
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	60,733,933	171,817	SH		SOLE	0	133,059	0	38,759
ADOBE INC	COM	00724F101	487,231	941	SH		SOLE	0	714	0	227
ADVANCED MICRO DEVICES INC	COM	007903107	1,135,762	6,922	SH		SOLE	0	1,526	0	5,396
AGILENT TECHNOLOGIES INC	COM	00846U101	21,626,505	145,653	SH		SOLE	0	140,453	0	5,200
AKAMAI TECHNOLOGIES INC	COM	00971T101	6,039,738	59,829	SH		SOLE	0	42,400	0	17,429
ALBEMARLE CORP	COM	012653101	11,783,629	124,418	SH		SOLE	0	109,488	0	14,930
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	451,222	4,252	SH		SOLE	0	4,252	0	0
ALLEGION PLC	ORD SHS	G0176J109	3,152,939	21,634	SH		SOLE	0	21,401	0	233
ALLISON TRANSMISSION HLDGS I	COM	01973R101	36,476,559	379,687	SH		SOLE	0	272,150	0	107,537
ALLSTATE CORP	COM	020002101	647,844	3,416	SH		SOLE	0	3,416	0	0
ALPHABET INC	CAP STK CL A	02079K305	38,975	235	SH		OTR	0	0	0	235
ALPHABET INC	CAP STK CL A	02079K305	71,643,429	431,977	SH		SOLE	0	345,901	0	86,076
ALPHABET INC	CAP STK CL C	02079K107	26,830,940	160,482	SH		SOLE	0	130,868	0	29,614
ALTRIA GROUP INC	COM	02209S103	3,948,211	77,355	SH		SOLE	0	59,191	0	18,164
AMAZON COM INC	COM	023135106	18,633	100	SH		OTR	0	0	0	100
AMAZON COM INC	COM	023135106	33,416,188	179,339	SH		SOLE	0	147,218	0	32,121
AMENTUM HOLDINGS INC	COM	023939101	1,791,488	55,550	SH		SOLE	0	41,695	0	13,855
AMEREN CORP	COM	023608102	240,515	2,750	SH		SOLE	0	2,750	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	297,540	2,900	SH		SOLE	0	1,644	0	1,256
AMERICAN EXPRESS CO	COM	025816109	25,764	95	SH		OTR	0	0	0	95
AMERICAN EXPRESS CO	COM	025816109	31,167,326	114,924	SH		SOLE	0	85,802	0	29,122
AMERIPRISE FINL INC	COM	03076C106	256,516	546	SH		SOLE	0	546	0	0
AMETEK INC	COM	031100100	260,312	1,516	SH		SOLE	0	21	0	1,495
AMGEN INC	COM	031162100	12,614,586	39,150	SH		SOLE	0	29,723	0	9,427
ANSYS INC	COM	03662Q105	406,253	1,275	SH		SOLE	0	1,275	0	0
AON PLC	SHS CL A	G0403H108	17,300	50	SH		OTR	0	0	0	50
AON PLC	SHS CL A	G0403H108	3,935,982	11,376	SH		SOLE	0	5,948	0	5,428
APA CORPORATION	COM	03743Q108	987,491	40,372	SH		SOLE	0	34,481	0	5,891
APPLE INC	COM	037833100	17,475	75	SH		OTR	0	0	0	75
APPLE INC	COM	037833100	163,938,099	703,597	SH		SOLE	0	574,297	0	129,300
ARISTA NETWORKS INC	COM	040413106	19,191	50	SH		OTR	0	0	0	50
ARISTA NETWORKS INC	COM	040413106	60,483,507	157,583	SH		SOLE	0	117,721	0	39,862
AT&T INC	COM	00206R102	6,158,680	279,940	SH		SOLE	0	250,622	0	29,318
AUTOMATIC DATA PROCESSING IN	COM	053015103	13,219,669	47,771	SH		SOLE	0	32,046	0	15,725
BANK AMERICA CORP	COM	060505104	2,026,510	51,071	SH		SOLE	0	41,149	0	9,922
BANK NEW YORK MELLON CORP	COM	064058100	8,075,842	112,383	SH		SOLE	0	92,034	0	20,349
BAXTER INTL INC	COM	071813109	252,576	6,652	SH		SOLE	0	3,275	0	3,377
BECTON DICKINSON & CO	COM	075887109	2,030,303	8,421	SH		SOLE	0	4,286	0	4,135
BELLRING BRANDS INC	COMMON STOCK	07831C103	2,670,041	43,973	SH		SOLE	0	33,831	0	10,142
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	6,220,620	9	SH		SOLE	0	9	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	25,314	55	SH		OTR	0	0	0	55
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	82,294,184	178,799	SH		SOLE	0	137,818	0	40,981
BLACKSTONE INC	COM	09260D107	814,192	5,317	SH		SOLE	0	3,908	0	1,409
BOEING CO	COM	097023105	7,283,547	47,905	SH		SOLE	0	40,936	0	6,969
BOOKING HOLDINGS INC	COM	09857L108	21,061	5	SH		OTR	0	0	0	5
BOOKING HOLDINGS INC	COM	09857L108	19,692,343	4,675	SH		SOLE	0	3,522	0	1,153
BP PLC	SPONSORED ADR	055622104	7,049,883	224,590	SH		SOLE	0	169,594	0	54,996
BRANCHOUT FOOD INC	COM	105230106	72,000	45,000	SH		SOLE	0	30,000	0	15,000
BRISTOL-MYERS SQUIBB CO	COM	110122108	13,970	270	SH		OTR	0	0	0	270
BRISTOL-MYERS SQUIBB CO	COM	110122108	23,637,223	456,846	SH		SOLE	0	383,869	0	72,977
BROADCOM INC	COM	11135F101	5,016,305	29,080	SH		SOLE	0	23,690	0	5,390
BROOKFIELD ASSET MANAGMT LTD	CL A LMT VTG SHS	113004105	271,918	5,750	SH		SOLE	0	0	0	5,750
BROOKFIELD CORP	CL A LTD VT SH	11271J107	1,318,386	24,805	SH		SOLE	0	0	0	24,805
CAMPBELL SOUP CO	COM	134429109	442,860	9,053	SH		SOLE	0	9,003	0	50
CARDINAL HEALTH INC	COM	14149Y108	221,482	2,004	SH		SOLE	0	151	0	1,853
CARMAX INC	COM	143130102	16,525,582	213,564	SH		SOLE	0	152,865	0	60,699
CARRIER GLOBAL CORPORATION	COM	14448C104	7,357,332	91,407	SH		SOLE	0	81,562	0	9,845
CASEYS GEN STORES INC	COM	147528103	2,536,043	6,750	SH		SOLE	0	4,585	0	2,165
CATERPILLAR INC	COM	149123101	15,572,052	39,814	SH		SOLE	0	32,412	0	7,402
CHEVRON CORP NEW	COM	166764100	48,502,753	329,346	SH		SOLE	0	193,944	0	135,402
CINTAS CORP	COM	172908105	436,466	2,120	SH		SOLE	0	1,520	0	600
CISCO SYS INC	COM	17275R102	21,490,108	403,798	SH		SOLE	0	323,398	0	80,399
CLOROX CO DEL	COM	189054109	1,966,324	12,070	SH		SOLE	0	6,980	0	5,090
CME GROUP INC	COM	12572Q105	364,293	1,651	SH		SOLE	0	34	0	1,617
COCA COLA CO	COM	191216100	6,008,272	83,611	SH		SOLE	0	59,352	0	24,259
COLGATE PALMOLIVE CO	COM	194162103	16,420,596	158,179	SH		SOLE	0	131,090	0	27,089
COMCAST CORP NEW	CL A	20030N101	827,441	19,809	SH		SOLE	0	8,839	0	10,970
CONAGRA BRANDS INC	COM	205887102	6,474,459	199,092	SH		SOLE	0	154,554	0	44,538
CONOCOPHILLIPS	COM	20825C104	10,404,690	98,829	SH		SOLE	0	77,903	0	20,926
CONSOLIDATED EDISON INC	COM	209115104	2,108,603	20,250	SH		SOLE	0	16,750	0	3,500
CONSTELLATION ENERGY CORP	COM	21037T109	520,883	2,003	SH		SOLE	0	1,861	0	142
CORTEVA INC	COM	22052L104	16,755	285	SH		OTR	0	0	0	285
CORTEVA INC	COM	22052L104	30,119,401	512,322	SH		SOLE	0	379,945	0	132,377
COSTCO WHSL CORP NEW	COM	22160K105	17,730	20	SH		OTR	0	0	0	20
COSTCO WHSL CORP NEW	COM	22160K105	97,390,734	109,857	SH		SOLE	0	86,485	0	23,372
CSX CORP	COM	126408103	1,315,835	38,107	SH		SOLE	0	27,939	0	10,168
CUMMINS INC	COM	231021106	6,092,756	18,817	SH		SOLE	0	6,990	0	11,827
CVB FINL CORP	COM	126600105	1,027,216	57,644	SH		SOLE	0	57,620	0	24
CVS HEALTH CORP	COM	126650100	256,425	4,078	SH		SOLE	0	2,744	0	1,334
DANAHER CORPORATION	COM	235851102	424,847	1,528	SH		SOLE	0	894	0	634
DEERE & CO	COM	244199105	2,506,901	6,007	SH		SOLE	0	5,303	0	704
DIMENSIONAL ETF TRUST	US MKTWIDE VALUE	25434V724	355,949	8,538	SH		SOLE	0	8,538	0	0
DIMENSIONAL ETF TRUST	US EQUITY MARKET	25434V401	848,221	13,637	SH		SOLE	0	13,637	0	0
DIMENSIONAL ETF TRUST	US CORE EQUITY 2	25434V708	730,754	21,311	SH		SOLE	0	21,311	0	0
DIMENSIONAL ETF TRUST	US TARGETED VLU	25434V609	233,890	4,204	SH		SOLE	0	4,204	0	0
DIMENSIONAL ETF TRUST	WORLD EX US CORE	25434V880	365,310	13,525	SH		SOLE	0	13,525	0	0
DISCOVER FINL SVCS	COM	254709108	226,568	1,615	SH		SOLE	0	1,453	0	162
DISNEY WALT CO	COM	254687106	15,090,567	156,883	SH		SOLE	0	141,660	0	15,223
DOUBLELINE ETF TRUST	OPPORTUNISTIC BD	25861R105	407,296	8,600	SH		SOLE	0	8,600	0	0
DOW INC	COM	260557103	2,790,446	51,079	SH		SOLE	0	46,481	0	4,598
DTE ENERGY CO	COM	233331107	231,138	1,800	SH		SOLE	0	1,800	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	690,778	5,991	SH		SOLE	0	1,246	0	4,745
DUPONT DE NEMOURS INC	COM	26614N102	24,116,840	270,641	SH		SOLE	0	201,597	0	69,044
DXC TECHNOLOGY CO	COM	23355L106	2,105,503	101,470	SH		SOLE	0	101,372	0	98
EATON CORP PLC	SHS	G29183103	2,728,746	8,233	SH		SOLE	0	7,814	0	419
EBAY INC.	COM	278642103	12,744,957	195,745	SH		SOLE	0	153,810	0	41,935
ECOLAB INC	COM	278865100	1,971,403	7,721	SH		SOLE	0	5,273	0	2,448
EDGEWELL PERS CARE CO	COM	28035Q102	5,346,959	147,137	SH		SOLE	0	144,537	0	2,600
EDISON INTL	COM	281020107	521,356	5,986	SH		SOLE	0	5,778	0	208
EDWARDS LIFESCIENCES CORP	COM	28176E108	16,789,506	254,425	SH		SOLE	0	231,866	0	22,559
ELECTRONIC ARTS INC	COM	285512109	467,184	3,257	SH		SOLE	0	3,086	0	171
ELI LILLY & CO	COM	532457108	4,660,047	5,260	SH		SOLE	0	1,382	0	3,878
EMERSON ELEC CO	COM	291011104	29,342,446	268,286	SH		SOLE	0	201,135	0	67,151
ENBRIDGE INC	COM	29250N105	300,839	7,408	SH		SOLE	0	5,165	0	2,243
ENERGIZER HLDGS INC NEW	COM	29272W109	6,447,471	203,006	SH		SOLE	0	200,406	0	2,600
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	212,871	13,263	SH		SOLE	0	12,679	0	584
ENTEGRIS INC	COM	29362U104	9,768,847	86,811	SH		SOLE	0	56,715	0	30,096
ENTERPRISE PRODS PARTNERS L	COM	293792107	559,436	19,218	SH		SOLE	0	18,168	0	1,050
EQUITY RESIDENTIAL	SH BEN INT	29476L107	397,170	5,334	SH		SOLE	0	3,100	0	2,234
ESSEX PPTY TR INC	COM	297178105	2,277,984	7,711	SH		SOLE	0	6,045	0	1,666
EVERSOURCE ENERGY	COM	30040W108	289,213	4,250	SH		SOLE	0	1,400	0	2,850
EXELON CORP	COM	30161N101	232,068	5,723	SH		SOLE	0	5,205	0	518
EXPEDITORS INTL WASH INC	COM	302130109	17,082	130	SH		OTR	0	0	0	130
EXPEDITORS INTL WASH INC	COM	302130109	4,602,585	35,027	SH		SOLE	0	21,775	0	13,252
EXTRA SPACE STORAGE INC	COM	30225T102	365,245	2,027	SH		SOLE	0	2,027	0	0
EXXON MOBIL CORP	COM	30231G102	37,320,189	318,377	SH		SOLE	0	243,024	0	75,354
FASTENAL CO	COM	311900104	16,070	225	SH		OTR	0	0	0	225
FASTENAL CO	COM	311900104	31,608,300	442,569	SH		SOLE	0	348,711	0	93,858
FEDEX CORP	COM	31428X106	363,173	1,327	SH		SOLE	0	569	0	758
FERGUSON ENTERPRISES INC	COMMON STOCK NEW	31488V107	3,157,064	15,899	SH		SOLE	0	9,051	0	6,848
FIRST TR EXCHANGE-TRADED FD	FST LOW OPPT EFT	33739Q200	15,998,084	323,782	SH		SOLE	0	249,038	0	74,744
FIRSTENERGY CORP	COM	337932107	267,741	6,037	SH		SOLE	0	5,187	0	850
FLAHERTY & CRUMRINE PFD INCO	COM	33848E106	277,595	29,500	SH		SOLE	0	29,500	0	0
FORD MTR CO	COM	345370860	143,503	13,589	SH		SOLE	0	3,148	0	10,441
FRANKLIN ELEC INC	COM	353514102	211,632	2,019	SH		SOLE	0	2,019	0	0
FRANKLIN RESOURCES INC	COM	354613101	381,460	18,931	SH		SOLE	0	14,356	0	4,575
GALLAGHER ARTHUR J & CO	COM	363576109	870,559	3,094	SH		SOLE	0	750	0	2,344
GAP INC	COM	364760108	403,515	18,300	SH		SOLE	0	15,600	0	2,700
GE AEROSPACE	COM NEW	369604301	5,458,591	28,946	SH		SOLE	0	19,528	0	9,418
GE HEALTHCARE TECHNOLOGIES I	COMMON STOCK	36266G107	1,089,161	11,605	SH		SOLE	0	8,905	0	2,700
GE VERNOVA INC	COM	36828A101	1,574,756	6,176	SH		SOLE	0	4,055	0	2,121
GENERAL MLS INC	COM	370334104	6,789,695	91,939	SH		SOLE	0	62,813	0	29,126
GENUINE PARTS CO	COM	372460105	558,720	4,000	SH		SOLE	0	4,000	0	0
GILEAD SCIENCES INC	COM	375558103	5,429,687	64,762	SH		SOLE	0	58,913	0	5,849
GLOBAL X FDS	S&P 500 CATHOLIC	37954Y889	2,847,072	41,030	SH		SOLE	0	41,030	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	6,924,608	13,986	SH		SOLE	0	11,290	0	2,696
GRAINGER W W INC	COM	384802104	1,344,220	1,294	SH		SOLE	0	524	0	770
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	15,481,223	756,658	SH		SOLE	0	752,107	0	4,551
HOME DEPOT INC	COM	437076102	15,706,454	38,762	SH		SOLE	0	21,301	0	17,461
HONEYWELL INTL INC	COM	438516106	11,440,778	55,347	SH		SOLE	0	54,482	0	865
HP INC	COM	40434L105	27,530,153	767,498	SH		SOLE	0	757,233	0	10,265
ICON PLC	SHS	G4705A100	480,095	1,671	SH		SOLE	0	1,620	0	51
ILLINOIS TOOL WKS INC	COM	452308109	8,908,021	33,991	SH		SOLE	0	26,358	0	7,633
INGERSOLL RAND INC	COM	45687V106	1,057,772	10,776	SH		SOLE	0	8,411	0	2,365
INTEL CORP	COM	458140100	18,869,292	804,318	SH		SOLE	0	697,865	0	106,453
INTERNATIONAL BUSINESS MACHS	COM	459200101	9,396,093	42,501	SH		SOLE	0	34,512	0	7,989
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	22,105,778	210,672	SH		SOLE	0	159,229	0	51,443
INTUIT	COM	461202103	27,603,108	44,449	SH		SOLE	0	34,527	0	9,922
INTUITIVE SURGICAL INC	COM NEW	46120E602	515,834	1,050	SH		SOLE	0	1,050	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	624,824	3,488	SH		SOLE	0	2,349	0	1,138
INVESCO QQQ TR	UNIT SER 1	46090E103	788,502	1,616	SH		SOLE	0	1,209	0	406
ISHARES GOLD TR	ISHARES NEW	464285204	485,718	9,773	SH		SOLE	0	8,930	0	843
ISHARES SILVER TR	ISHARES	46428Q109	343,903	12,105	SH		SOLE	0	6,486	0	5,619
ISHARES TR	CORE S&P TTL STK	464287150	965,138	7,683	SH		SOLE	0	0	0	7,683
ISHARES TR	US HOME CONS ETF	464288752	1,071,072	8,427	SH		SOLE	0	6,710	0	1,717
ISHARES TR	CALIF MUN BD ETF	464288356	407,351	7,010	SH		SOLE	0	0	0	7,010
ISHARES TR	CORE MSCI EAFE	46432F842	225,486	2,889	SH		SOLE	0	1,964	0	925
ISHARES TR	CORE HIGH DV ETF	46429B663	1,237,715	10,523	SH		SOLE	0	10,523	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	1,948,362	42,485	SH		SOLE	0	40,450	0	2,035
ISHARES TR	SELECT DIVID ETF	464287168	342,187	2,533	SH		SOLE	0	2,533	0	0
ISHARES TR	CORE S&P MCP ETF	464287507	2,309,891	37,065	SH		SOLE	0	36,165	0	900
ISHARES TR	S&P MC 400VL ETF	464287705	567,045	4,587	SH		SOLE	0	3,587	0	1,000
ISHARES TR	CORE S&P SCP ETF	464287804	9,470,832	80,975	SH		SOLE	0	58,254	0	22,721
ISHARES TR	CORE S&P500 ETF	464287200	3,663,384	6,351	SH		SOLE	0	4,606	0	1,745
ISHARES TR	RUS 1000 ETF	464287622	735,044	2,338	SH		SOLE	0	2,104	0	234
ISHARES TR	RUSSELL 2000 ETF	464287655	475,134	2,151	SH		SOLE	0	2,141	0	10
ISHARES TR	US CONSUM DISCRE	464287580	351,760	4,000	SH		SOLE	0	4,000	0	0
ISHARES TR	US HLTHCARE ETF	464287762	367,055	5,647	SH		SOLE	0	5,000	0	647
ISHARES TR	U.S. TECH ETF	464287721	3,032,400	20,000	SH		SOLE	0	20,000	0	0
ISHARES TR	EXPND TEC SC ETF	464287549	1,439,100	15,000	SH		SOLE	0	13,200	0	1,800
ISHARES TR	MSCI EAFE ETF	464287465	622,709	7,446	SH		SOLE	0	7,065	0	381
JACOBS SOLUTIONS INC	COM	46982L108	7,602,018	58,075	SH		SOLE	0	44,220	0	13,855
JOHNSON & JOHNSON	COM	478160104	31,602	195	SH		OTR	0	0	0	195
JOHNSON & JOHNSON	COM	478160104	39,346,860	242,792	SH		SOLE	0	190,577	0	52,215
JOHNSON CTLS INTL PLC	SHS	G51502105	21,731	280	SH		OTR	0	0	0	280
JOHNSON CTLS INTL PLC	SHS	G51502105	24,172,252	311,458	SH		SOLE	0	217,958	0	93,500
JPMORGAN CHASE & CO.	COM	46625H100	42,898,217	203,444	SH		SOLE	0	156,925	0	46,519
KELLANOVA	COM	487836108	601,290	7,450	SH		SOLE	0	1,850	0	5,600
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	13,144,624	82,707	SH		SOLE	0	81,492	0	1,215
KIMBERLY-CLARK CORP	COM	494368103	1,073,218	7,543	SH		SOLE	0	6,830	0	713
KRAFT HEINZ CO	COM	500754106	759,182	21,623	SH		SOLE	0	18,729	0	2,894
KROGER CO	COM	501044101	212,463	3,708	SH		SOLE	0	2,296	0	1,412
KYNDRYL HLDGS INC	COMMON STOCK	50155Q100	3,520,904	153,216	SH		SOLE	0	140,720	0	12,496
L3HARRIS TECHNOLOGIES INC	COM	502431109	270,633	1,138	SH		SOLE	0	1,138	0	0
LABCORP HOLDINGS INC	COM SHS	504922105	16,761	75	SH		OTR	0	0	0	75
LABCORP HOLDINGS INC	COM SHS	504922105	21,522,664	96,307	SH		SOLE	0	61,857	0	34,450
LAM RESEARCH CORP	COM	512807108	1,407,738	1,725	SH		SOLE	0	184	0	1,541
LINDE PLC	SHS	G54950103	481,629	1,010	SH		SOLE	0	954	0	56
LOCKHEED MARTIN CORP	COM	539830109	7,311,676	12,508	SH		SOLE	0	12,442	0	66
LOUISIANA PAC CORP	COM	546347105	234,693	2,184	SH		SOLE	0	2,184	0	0
LOWES COS INC	COM	548661107	20,314	75	SH		OTR	0	0	0	75
LOWES COS INC	COM	548661107	57,114,870	210,873	SH		SOLE	0	165,613	0	45,260
MANULIFE FINL CORP	COM	56501R106	486,452	16,462	SH		SOLE	0	5,067	0	11,395
MARRIOTT INTL INC NEW	CL A	571903202	444,248	1,787	SH		SOLE	0	1,787	0	0
MARSH & MCLENNAN COS INC	COM	571748102	1,711,993	7,674	SH		SOLE	0	2,530	0	5,144
MASTERCARD INCORPORATED	CL A	57636Q104	1,237,354	2,506	SH		SOLE	0	2,131	0	375
MCCORMICK & CO INC	COM NON VTG	579780206	740,700	9,000	SH		SOLE	0	9,000	0	0
MCDONALDS CORP	COM	580135101	26,181,161	85,978	SH		SOLE	0	67,311	0	18,667
MCKESSON CORP	COM	58155Q103	21,160,167	42,798	SH		SOLE	0	33,917	0	8,881
MEDTRONIC PLC	SHS	G5960L103	351,927	3,909	SH		SOLE	0	3,176	0	733
MERCK & CO INC	COM	58933Y105	9,537,573	83,987	SH		SOLE	0	70,035	0	13,952
META PLATFORMS INC	CL A	30303M102	17,722,735	30,960	SH		SOLE	0	22,343	0	8,617
METLIFE INC	COM	59156R108	314,166	3,809	SH		SOLE	0	2,815	0	994
MICROSOFT CORP	COM	594918104	17,212	40	SH		OTR	0	0	0	40
MICROSOFT CORP	COM	594918104	132,163,518	307,143	SH		SOLE	0	231,501	0	75,641
MINERALS TECHNOLOGIES INC	COM	603158106	331,857	4,297	SH		SOLE	0	2,947	0	1,350
MONDELEZ INTL INC	CL A	609207105	15,471	210	SH		OTR	0	0	0	210
MONDELEZ INTL INC	CL A	609207105	17,924,387	243,306	SH		SOLE	0	179,168	0	64,139
MONSTER BEVERAGE CORP NEW	COM	61174X109	273,997	5,252	SH		SOLE	0	5,252	0	0
MOODYS CORP	COM	615369105	562,389	1,185	SH		SOLE	0	633	0	552
MOTOROLA SOLUTIONS INC	COM NEW	620076307	307,997	685	SH		SOLE	0	685	0	0
NABORS INDUSTRIES LTD	SHS	G6359F137	386,820	6,000	SH		SOLE	0	6,000	0	0
NETAPP INC	COM	64110D104	645,340	5,225	SH		SOLE	0	4,970	0	255
NETFLIX INC	COM	64110L106	561,742	792	SH		SOLE	0	759	0	33
NEWMARKET CORP	COM	651587107	4,139,175	7,500	SH		SOLE	0	7,500	0	0
NEXTERA ENERGY INC	COM	65339F101	3,342,992	39,548	SH		SOLE	0	28,706	0	10,842
NIKE INC	CL B	654106103	17,352,099	196,291	SH		SOLE	0	134,696	0	61,595
NORDSTROM INC	COM	655664100	1,267,244	56,347	SH		SOLE	0	56,167	0	180
NORFOLK SOUTHN CORP	COM	655844108	1,807,341	7,273	SH		SOLE	0	5,085	0	2,188
NORTHROP GRUMMAN CORP	COM	666807102	10,213,402	19,341	SH		SOLE	0	19,311	0	30
NOVARTIS AG	SPONSORED ADR	66987V109	9,436,358	82,041	SH		SOLE	0	69,389	0	12,652
NOVO-NORDISK A S	ADR	670100205	23,071,327	193,763	SH		SOLE	0	171,383	0	22,380
NUCOR CORP	COM	670346105	3,083,774	20,512	SH		SOLE	0	17,016	0	3,496
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	172,892	21,424	SH		SOLE	0	18,952	0	2,472
NVIDIA CORPORATION	COM	67066G104	7,875,103	64,848	SH		SOLE	0	24,021	0	40,827
OCCIDENTAL PETE CORP	COM	674599105	4,771,092	92,571	SH		SOLE	0	66,732	0	25,839
OCCIDENTAL PETE CORP	*W EXP 08/03/202	674599162	564,531	18,995	SH		SOLE	0	17,745	0	1,250
ONEOK INC NEW	COM	682680103	4,109,598	45,096	SH		SOLE	0	33,967	0	11,129
ORACLE CORP	COM	68389X105	46,164,538	270,919	SH		SOLE	0	217,670	0	53,248
OTIS WORLDWIDE CORP	COM	68902V107	4,634,269	44,586	SH		SOLE	0	40,700	0	3,886
PACCAR INC	COM	693718108	335,907	3,404	SH		SOLE	0	3,404	0	0
PARKER-HANNIFIN CORP	COM	701094104	16,867,067	26,696	SH		SOLE	0	5,049	0	21,647
PAYCHEX INC	COM	704326107	905,648	6,749	SH		SOLE	0	3,413	0	3,336
PAYPAL HLDGS INC	COM	70450Y103	17,450,629	223,640	SH		SOLE	0	182,799	0	40,841
PEPSICO INC	COM	713448108	18,553,020	109,103	SH		SOLE	0	73,865	0	35,238
PFIZER INC	COM	717081103	16,042,749	554,345	SH		SOLE	0	489,823	0	64,522
PHILIP MORRIS INTL INC	COM	718172109	13,118,087	108,057	SH		SOLE	0	83,421	0	24,636
PHILLIPS 66	COM	718546104	2,294,065	17,452	SH		SOLE	0	11,990	0	5,462
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	422,395	4,195	SH		SOLE	0	4,154	0	41
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	295,116	16,990	SH		SOLE	0	15,590	0	1,400
PNC FINL SVCS GROUP INC	COM	693475105	221,635	1,199	SH		SOLE	0	1,179	0	20
POST HLDGS INC	COM	737446104	3,656,080	31,586	SH		SOLE	0	23,586	0	8,000
PPG INDS INC	COM	693506107	415,527	3,137	SH		SOLE	0	2,714	0	423
PRICE T ROWE GROUP INC	COM	74144T108	323,849	2,973	SH		SOLE	0	373	0	2,600
PROCTER AND GAMBLE CO	COM	742718109	26,914,252	155,394	SH		SOLE	0	122,985	0	32,409
PUBLIC STORAGE OPER CO	COM	74460D109	9,702,957	26,666	SH		SOLE	0	26,291	0	375
QUALCOMM INC	COM	747525103	30,728,773	180,704	SH		SOLE	0	125,949	0	54,755
REALTY INCOME CORP	COM	756109104	987,793	15,575	SH		SOLE	0	14,502	0	1,073
RELIANCE INC	COM	759509102	593,748	2,053	SH		SOLE	0	53	0	2,000
REPUBLIC SVCS INC	COM	760759100	263,301	1,311	SH		SOLE	0	1,300	0	11
RIO TINTO PLC	SPONSORED ADR	767204100	224,186	3,150	SH		SOLE	0	1,150	0	2,000
ROCKWELL AUTOMATION INC	COM	773903109	483,496	1,801	SH		SOLE	0	1,801	0	0
RTX CORPORATION	COM	75513E101	21,203	175	SH		OTR	0	0	0	175
RTX CORPORATION	COM	75513E101	26,621,931	219,725	SH		SOLE	0	174,644	0	45,081
S&P GLOBAL INC	COM	78409V104	3,273,304	6,336	SH		SOLE	0	3,166	0	3,170
SALESFORCE INC	COM	79466L302	277,268	1,013	SH		SOLE	0	738	0	275
SCHLUMBERGER LTD	COM STK	806857108	18,432,393	439,390	SH		SOLE	0	309,477	0	129,913
SCHWAB CHARLES CORP	COM	808513105	1,340,400	20,682	SH		SOLE	0	20,624	0	58
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	258,048	3,106	SH		SOLE	0	2,278	0	828
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	758,256	7,278	SH		SOLE	0	4,990	0	2,288
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	405,192	5,016	SH		SOLE	0	5,000	0	16
SELECT SECTOR SPDR TR	ENERGY	81369Y506	232,649	2,650	SH		SOLE	0	1,831	0	819
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	8,156,032	36,127	SH		SOLE	0	35,865	0	262
SEMPRA	COM	816851109	1,285,728	15,374	SH		SOLE	0	9,600	0	5,774
SHELL PLC	SPON ADS	780259305	963,200	14,605	SH		SOLE	0	11,433	0	3,172
SOLVENTUM CORP	COM SHS	83444M101	601,335	8,625	SH		SOLE	0	7,039	0	1,586
SOUTHERN CO	COM	842587107	1,447,569	16,052	SH		SOLE	0	7,025	0	9,027
SOUTHWEST AIRLS CO	COM	844741108	472,717	15,954	SH		SOLE	0	15,119	0	835
SPDR DOW JONES INDL AVERAGE	UT SER 1	78467X109	434,614	1,027	SH		SOLE	0	425	0	602
SPDR GOLD TR	GOLD SHS	78463V107	21,502,789	88,467	SH		SOLE	0	65,762	0	22,705
SPDR S&P 500 ETF TR	TR UNIT	78462F103	9,556,992	16,657	SH		SOLE	0	14,879	0	1,778
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,070,961	1,880	SH		SOLE	0	1,274	0	606
SPDR SER TR	S&P DIVID ETF	78464A763	317,459	2,235	SH		SOLE	0	1,275	0	960
SPDR SER TR	PORTFOLIO S&P600	78468R853	317,796	6,983	SH		SOLE	0	6,668	0	315
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	1,814,411	89,029	SH		SOLE	0	61,760	0	27,269
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	1,311,345	31,675	SH		SOLE	0	30,400	0	1,275
STARBUCKS CORP	COM	855244109	25,835	265	SH		OTR	0	0	0	265
STARBUCKS CORP	COM	855244109	18,115,451	185,819	SH		SOLE	0	141,637	0	44,181
STERICYCLE INC	COM	858912108	660,996	10,836	SH		SOLE	0	6,036	0	4,800
STRYKER CORPORATION	COM	863667101	30,331,111	83,959	SH		SOLE	0	69,523	0	14,437
SYSCO CORP	COM	871829107	17,173	220	SH		OTR	0	0	0	220
SYSCO CORP	COM	871829107	14,999,976	192,160	SH		SOLE	0	131,915	0	60,245
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	854,109	4,918	SH		SOLE	0	1,313	0	3,605
TAPESTRY INC	COM	876030107	4,238,540	90,220	SH		SOLE	0	81,814	0	8,406
TARGET CORP	COM	87612E106	6,483,882	41,601	SH		SOLE	0	33,575	0	8,025
TESLA INC	COM	88160R101	1,081,411	4,133	SH		SOLE	0	4,006	0	127
TEXAS INSTRS INC	COM	882508104	7,411,021	35,877	SH		SOLE	0	25,924	0	9,953
THE CIGNA GROUP	COM	125523100	235,233	679	SH		SOLE	0	600	0	79
THERMO FISHER SCIENTIFIC INC	COM	883556102	278,975	451	SH		SOLE	0	384	0	67
TJX COS INC NEW	COM	872540109	3,622,230	30,817	SH		SOLE	0	20,264	0	10,553
TOLL BROTHERS INC	COM	889478103	284,107	1,839	SH		SOLE	0	1,750	0	89
TRACTOR SUPPLY CO	COM	892356106	39,848,570	136,970	SH		SOLE	0	113,859	0	23,111
TRANE TECHNOLOGIES PLC	SHS	G8994E103	4,582,349	11,788	SH		SOLE	0	9,189	0	2,599
TREDEGAR CORP	COM	894650100	116,640	16,000	SH		SOLE	0	16,000	0	0
UNILEVER PLC	SPON ADR NEW	904767704	495,450	7,627	SH		SOLE	0	5,485	0	2,142
UNION PAC CORP	COM	907818108	17,254	70	SH		OTR	0	0	0	70
UNION PAC CORP	COM	907818108	13,621,884	55,266	SH		SOLE	0	44,440	0	10,826
UNITED PARCEL SERVICE INC	CL B	911312106	28,631	210	SH		OTR	0	0	0	210
UNITED PARCEL SERVICE INC	CL B	911312106	118,360,096	868,125	SH		SOLE	0	595,150	0	272,975
UNITED RENTALS INC	COM	911363109	711,753	879	SH		SOLE	0	879	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	37,420	64	SH		OTR	0	0	0	64
UNITEDHEALTH GROUP INC	COM	91324P102	30,402,459	51,998	SH		SOLE	0	35,665	0	16,333
US BANCORP DEL	COM NEW	902973304	403,933	8,833	SH		SOLE	0	7,833	0	1,000
VALERO ENERGY CORP	COM	91913Y100	207,676	1,538	SH		SOLE	0	1,538	0	0
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	1,227,531	30,827	SH		SOLE	0	15,832	0	14,995
VANGUARD ADMIRAL FDS INC	500 GRTH IDX F	921932505	215,461	624	SH		SOLE	0	390	0	234
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	301,776	3,835	SH		SOLE	0	435	0	3,400
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	8,875,903	16,821	SH		SOLE	0	16,363	0	458
VANGUARD INDEX FDS	SMALL CP ETF	922908751	1,364,761	5,753	SH		SOLE	0	5,564	0	189
VANGUARD INDEX FDS	MID CAP ETF	922908629	303,847	1,152	SH		SOLE	0	1,152	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	736,113	7,556	SH		SOLE	0	7,556	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	2,643,299	9,335	SH		SOLE	0	9,247	0	88
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	489,825	7,775	SH		SOLE	0	6,375	0	1,400
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	701,146	14,653	SH		SOLE	0	14,083	0	570
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	5,188,967	65,336	SH		SOLE	0	33,324	0	32,012
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	252,590	3,016	SH		SOLE	0	1,016	0	2,000
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	415,530	2,098	SH		SOLE	0	1,668	0	430
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	1,737,132	32,894	SH		SOLE	0	32,411	0	483
VANGUARD WORLD FD	INF TECH ETF	92204A702	1,969,534	3,358	SH		SOLE	0	3,125	0	233
VERIZON COMMUNICATIONS INC	COM	92343V104	10,530,484	234,480	SH		SOLE	0	204,225	0	30,255
VIATRIS INC	COM	92556V106	388,076	33,426	SH		SOLE	0	27,668	0	5,758
VISA INC	COM CL A	92826C839	1,322,231	4,809	SH		SOLE	0	3,946	0	863
VODAFONE GROUP PLC NEW	SPONSORED ADR	92857W308	1,471,988	146,905	SH		SOLE	0	124,118	0	22,787
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,735,203	193,661	SH		SOLE	0	163,549	0	30,112
WALMART INC	COM	931142103	13,588,328	168,277	SH		SOLE	0	132,083	0	36,194
WARNER BROS DISCOVERY INC	COM SER A	934423104	3,906,499	473,515	SH		SOLE	0	422,697	0	50,818
WASTE MGMT INC DEL	COM	94106L109	293,754	1,415	SH		SOLE	0	1,192	0	223
WEC ENERGY GROUP INC	COM	92939U106	726,544	7,554	SH		SOLE	0	280	0	7,274
WELLS FARGO CO NEW	COM	949746101	31,295,386	553,999	SH		SOLE	0	486,467	0	67,532
WELLTOWER INC	COM	95040Q104	308,040	2,406	SH		SOLE	0	1,656	0	750
WESTERN ASSET INVESTMENT GRA	COM	95766T100	745,250	57,951	SH		SOLE	0	42,251	0	15,700
WEYERHAEUSER CO MTN BE	COM NEW	962166104	4,168,843	123,120	SH		SOLE	0	123,120	0	0
YUM BRANDS INC	COM	988498101	226,167	1,619	SH		SOLE	0	1,442	0	177
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	482,752	4,472	SH		SOLE	0	3,812	0	660