| Caterpillar Inc. (CAT) | $15.5B | 10.57% | 14,509,304 | -55,422 | Trimmed |
| Eli Lilly & Co. (LLY) | $12.9B | 8.83% | 10,759,188 | 0 | Held |
| Johnson & Johnson (JNJ) | $8.0B | 5.49% | 31,590,952 | 0 | Held |
| Apple Inc. (AAPL) | $6.8B | 4.63% | 23,361,177 | -135,655 | Trimmed |
| Illinois Tool Works Inc. (ITW) | $5.7B | 3.89% | 21,029,900 | 0 | Held |
| ASML Holding N.V. (ASML) | $5.5B | 3.75% | 2,758,173 | 0 | Held |
| Nucor Corp. (NUE) | $5.4B | 3.69% | 24,206,873 | 0 | Held |
| Walmart Inc. (WMT) | $4.4B | 3.02% | 38,994,947 | 0 | Held |
| KLA Corp. (KLAC) | $4.2B | 2.88% | 13,968,900 | -67,140 | Trimmed |
| ExxonMobil Holdings Corp. (XOM) | $4.2B | 2.85% | 30,520,300 | 0 | Held |
| Microsoft Corp. (MSFT) | $3.9B | 2.64% | 10,360,148 | 0 | Held |
| Alphabet Inc. (GOOGL) | $3.9B | 2.64% | 10,777,820 | 0 | Held |
| Archer-Daniels-Midland Co. (ADM) | $3.6B | 2.45% | 46,796,552 | 0 | Held |
| Air Products & Chemicals, Inc. (APD) | $3.5B | 2.38% | 11,840,799 | 0 | Held |
| Corning Inc. (GLW) | $3.4B | 2.31% | 13,231,628 | -191,588 | Trimmed |
| Intel Corp. (INTC) | $3.4B | 2.30% | 24,059,342 | -2,537,804 | Trimmed |
| Wells Fargo & Company (WFC) | $3.3B | 2.25% | 39,758,338 | 0 | Held |
| Vulcan Materials Co. (VMC) | $2.8B | 1.92% | 9,521,730 | 0 | Held |
| Procter & Gamble Co. (PG) | $2.3B | 1.58% | 15,800,799 | 0 | Held |
| Chevron Corp. (CVX) | $2.2B | 1.51% | 13,334,215 | 0 | Held |
| Deere & Co. (DE) | $1.8B | 1.22% | 2,803,405 | 0 | Held |
| Merck & Co., Inc. (MRK) | $1.8B | 1.21% | 13,794,969 | 0 | Held |
| AbbVie Inc. (ABBV) | $1.5B | 1.01% | 5,892,808 | 0 | Held |
| Coca-Cola Co. (KO) | $1.5B | 1.01% | 18,227,000 | 0 | Held |
| General Electric Co. (GE) | $1.4B | 0.99% | 3,875,831 | 0 | Held |
| Walt Disney Co. (DIS) | $1.4B | 0.95% | 14,459,098 | -668,420 | Trimmed |
| Pfizer Inc. (PFE) | $1.3B | 0.90% | 54,508,560 | 0 | Held |
| Texas Instruments Inc. (TXN) | $1.3B | 0.90% | 4,402,785 | 0 | Held |
| 3M Co. (MMM) | $1.3B | 0.88% | 7,934,035 | 0 | Held |
| Abbott Laboratories (ABT) | $1.2B | 0.84% | 13,587,118 | 0 | Held |
| Zoetis Inc. (ZTS) | $1.1B | 0.78% | 15,892,903 | 0 | Held |
| Meta Platforms, Inc. (META) | $1.1B | 0.74% | 1,909,500 | 0 | Held |
| Rio Tinto plc (RIO) | $1.0B | 0.71% | 10,931,820 | 0 | Held |
| Amgen Inc. (AMGN) | $983.4M | 0.67% | 2,715,656 | 0 | Held |
| M&T Bank Corp. (MTB) | $981.2M | 0.67% | 4,122,590 | 0 | Held |
| Gatx Corp. (GATX) | $961.7M | 0.66% | 5,427,338 | 0 | Held |
| Arista Networks, Inc. (ANET) | $954.6M | 0.65% | 5,619,228 | 0 | Held |
| ADT Inc. (ADT) | $866.7M | 0.59% | 133,333,333 | 0 | Held |
| Emerson Electric Co. (EMR) | $835.8M | 0.57% | 5,838,867 | 0 | Held |
| McCormick & Co. Inc. (MKC) | $833.1M | 0.57% | 16,522,728 | 0 | Held |
| Union Pacific Corp. (UNP) | $820.9M | 0.56% | 3,018,016 | 0 | Held |
| Donaldson Co. Inc. (DCI) | $820.7M | 0.56% | 9,142,617 | 0 | Held |
| Automatic Data Processing Inc. (ADP) | $819.0M | 0.56% | 3,657,287 | 0 | Held |
| Intuit Inc. (INTU) | $798.3M | 0.55% | 3,058,534 | 0 | Held |
| Renaissancere Holdings Ltd. (RNR) | $760.3M | 0.52% | 2,399,303 | 0 | Held |
| Northern Trust Corp. (NTRS) | $720.6M | 0.49% | 4,145,102 | 0 | Held |
| Corteva, Inc. (CTVA) | $646.6M | 0.44% | 7,634,624 | 0 | Held |
| Hagerty, Inc. (HGTY) | $617.5M | 0.42% | 51,800,000 | 0 | Held |
| Colgate-Palmolive Co. (CL) | $617.1M | 0.42% | 6,730,570 | 0 | Held |
| Alphabet Inc. (GOOG) | $594.6M | 0.41% | 1,682,807 | 0 | Held |
| Aptargroup, Inc. (ATR) | $594.0M | 0.41% | 4,744,564 | 0 | Held |
| PepsiCo Inc. (PEP) | $563.3M | 0.39% | 4,160,441 | 0 | Held |
| Amazon.com Inc. (AMZN) | $535.5M | 0.37% | 2,246,620 | 0 | Held |
| Agilent Technologies, Inc. (A) | $508.1M | 0.35% | 3,825,278 | 0 | Held |
| AT&T Inc. (T) | $499.8M | 0.34% | 24,147,315 | 0 | Held |
| Duke Energy Corp. (DUK) | $451.8M | 0.31% | 3,569,308 | 0 | Held |
| Verizon Communications Inc. (VZ) | $411.1M | 0.28% | 9,710,284 | 0 | Held |
| Visa Inc. (V) | $397.5M | 0.27% | 1,158,711 | 0 | Held |
| U.S. Bancorp (USB) | $393.5M | 0.27% | 6,515,523 | 0 | Held |
| Unilever plc (UL) | $371.2M | 0.25% | 6,174,081 | +51,632 | Added |
| Vanguard S&P 500 (VOO) | $369.8M | 0.25% | 538,489 | +141,776 | Added |
| International Flavors & Fragrances Inc. (IFF) | $302.7M | 0.21% | 3,821,419 | 0 | Held |
| Novo Nordisk A/S (NVO) | $294.5M | 0.20% | 6,142,778 | 0 | Held |
| W.W. Grainger, Inc. (GWW) | $288.5M | 0.20% | 212,068 | +43,610 | Added |
| Sysco Corp. (SYY) | $287.8M | 0.20% | 3,443,431 | 0 | Held |
| Medtronic plc (MDT) | $283.4M | 0.19% | 3,622,141 | 0 | Held |
| Devon Energy Corp. (DVN) | $280.7M | 0.19% | 6,794,282 | +6,794,282 | New position |
| Helmerich & Payne, Inc. (HP) | $256.7M | 0.18% | 7,841,430 | 0 | Held |
| Fastenal Co. (FAST) | $216.5M | 0.15% | 4,506,900 | +1,679,112 | Added |
| Ecolab Inc. (ECL) | $207.7M | 0.14% | 745,584 | 0 | Held |
| Lam Research Corp. (LRCX) | $197.3M | 0.14% | 455,360 | 0 | Held |
| West Pharmaceutical Services Inc. (WST) | $177.8M | 0.12% | 495,334 | +107,095 | Added |
| Cintas Corp. (CTAS) | $164.6M | 0.11% | 967,843 | +353,795 | Added |
| SPDR Portfolio Developed World (SPDW) | $162.1M | 0.11% | 3,216,783 | +864,113 | Added |
| Solventum Corp. (SOLV) | $159.6M | 0.11% | 2,069,279 | 0 | Held |
| Shell plc (SHEL) | $144.1M | 0.10% | 1,858,028 | 0 | Held |
| Baxter International Inc. (BAX) | $132.7M | 0.09% | 6,225,060 | 0 | Held |
| Dow Inc. (DOW) | $131.8M | 0.09% | 4,816,352 | 0 | Held |
| Vanguard Intermediate-Term Corp. (VCIT) | $127.4M | 0.09% | 1,542,000 | 0 | Held |
| HNI Corp. (HNI) | $118.2M | 0.08% | 2,924,923 | 0 | Held |
| BHP Group Limited (BHP) | $112.4M | 0.08% | 1,348,932 | 0 | Held |
| iShares Trust (GOVT) | $111.7M | 0.08% | 4,902,127 | +1,531,757 | Added |
| Amphenol Corp. (APH) | $110.2M | 0.07% | 624,871 | -212,981 | Trimmed |
| Becton Dickinson & Co. (BDX) | $104.7M | 0.07% | 691,797 | +183,548 | Added |
| GE HealthCare Technologies Inc. (GEHC) | $85.1M | 0.06% | 1,329,153 | 0 | Held |
| Adobe Inc. (ADBE) | $77.4M | 0.05% | 377,702 | 0 | Held |
| Waters Corp. (WAT) | $71.2M | 0.05% | 189,881 | 0 | Held |
| Vanguard Value ETF (VTV) | $58.4M | 0.04% | 267,809 | +65,261 | Added |
| Mettler Toledo International Inc. (MTD) | $53.0M | 0.04% | 41,482 | 0 | Held |
| Schwab Strategic Trust (SCHA) | $47.4M | 0.03% | 1,313,111 | +327,976 | Added |
| Advanced Micro Devices Inc. (AMD) | $38.4M | 0.03% | 66,102 | 0 | Held |
| iShares Trust (IGIB) | $36.2M | 0.03% | 680,000 | 0 | Held |
| Vanguard ETF (VYMI) | $32.3M | 0.02% | 328,775 | +74,366 | Added |
| iShares Trust (USIG) | $28.0M | 0.02% | 546,405 | +176,503 | Added |
| Vanguard Mun BD FDS (VTEB) | $26.3M | 0.02% | 520,223 | +153,950 | Added |
| iShares Core MSCI Emerging Mark (IEMG) | $26.2M | 0.02% | 316,825 | +60,239 | Added |
| Tidal ETF Trust (VETZ) | $15.3M | 0.01% | 771,000 | 0 | Held |
| iShares Trust (TLH) | $12.5M | 0.01% | 124,705 | +41,209 | Added |
| Schwab Strategic Trust (SCHP) | $11.5M | 0.01% | 433,064 | +137,912 | Added |
| iShares Trust (FLOT) | $11.4M | 0.01% | 222,764 | +72,086 | Added |