3M CO COM 88579Y101 BBG000BP5522 2608344 15890 SH SOLE 15890 0 0 ABBOTT LABORATORIES COM 002824100 BBG000B9ZZG4 826021 8358 SH SOLE 8358 0 0 ALPHABET INC CAP STK CL C 02079K107 BBG009S4MVF2 55531768 162974 SH SOLE 162974 0 0 AMAZON COM INC COM 023135106 BBG000BVQ4Z3 49945356 200463 SH SOLE 200463 0 0 AMERISAFE INC COM 03071H100 BBG000Q0JWB7 10087647 426900 SH SOLE 426900 0 0 APPLE INC COM 037833100 BBG000B9Y5X2 2040747 6128 SH SOLE 6128 0 0 APPLIED MATLS INC COM 038222105 BBG000BBPST2 2564059 5014 SH SOLE 5014 0 0 AT&T INC COM 00206R102 BBG000BSJLV4 306293 12553 SH SOLE 12553 0 0 BAXTER INTL INC COM 071813109 BBG000BCVLK7 25200000 1050000 SH SOLE 1050000 0 0 BECTON DICKINSON & CO COM 075887109 BBG000BD00Y0 27733365 154935 SH SOLE 154935 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 BBG000DWCHZ5 108315725 145 SH SOLE 145 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 BBG000DWH8Q0 4789781 9619 SH SOLE 9619 0 0 BLACKROCK INC COM 09290D101 BBG01PT1FFJ9 1269948 1200 SH SOLE 1200 0 0 BLUE OWL TECHNOLOGY FIN CORP COMMON STOCK 095924106 BBG01VGBMN58 30251715 3083763 SH SOLE 3083763 0 0 BROADCOM INC COM 11135F101 BBG00KHY5SQ7 839344 2390 SH SOLE 2390 0 0 CARNIVAL CORP LTD COMMON SHARES G2004J103 BBG000BF6PR2 15951000 650000 SH SOLE 650000 0 0 CARRIER GLOBAL CORPORATION COM 14448C104 BBG00RP5HYX2 701495 12787 SH SOLE 12787 0 0 CISCO SYS INC COM 17275R102 BBG000C3JBN9 2891265 26863 SH SOLE 26863 0 0 CME GROUP INC COM 12572Q105 BBG000BHMC53 277699 1060 SH SOLE 1060 0 0 COCA COLA CO COM 191216100 BBG000BMX4N8 1635520 19000 SH SOLE 19000 0 0 DOVER CORP COM 260003108 BBG000BHB4Z0 729495 3900 SH SOLE 3900 0 0 DOW HLDGS INC COM 260557103 BBG00LXXHZT7 44366940 1611000 SH SOLE 1611000 0 0 ECOLAB INC COM 278865100 BBG000BHL0C2 988488 3600 SH SOLE 3600 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 BBG000BR31S1 35610000 1000000 SH SOLE 1000000 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 BBG000BG8P98 11030674 181545 SH SOLE 181545 0 0 EXPEDITORS INTL WASH INC COM 302130109 BBG000BJ5J62 329213 1783 SH SOLE 1783 0 0 FMC CORP COM NEW 302491303 BBG000BJPBC0 4014000 450000 SH SOLE 450000 0 0 GE AEROSPACE COM NEW 369604301 BBG000BK6PH2 10472957 33536 SH SOLE 33536 0 0 GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 BBG01BY44931 19073724 291781 SH SOLE 291781 0 0 GE VERNOVA INC COM 36828A101 BBG01LT2THM3 8013581 8431 SH SOLE 8431 0 0 HONDA MOTOR CO LTD ADR ECH CNV IN 3 438128308 BBG000BL6DN0 1426740 45150 SH SOLE 45150 0 0 ILLINOIS TOOL WKS INC COM 452308109 BBG000BMBNV1 656064 2550 SH SOLE 2550 0 0 ISHARES INC EM MKTS DIV ETF 464286319 BBG002PHMJ77 6120000 180000 SH SOLE 180000 0 0 ISHARES INC CORE MSCI EMKT 46434G103 BBG003HC3CW3 16232000 200000 SH SOLE 200000 0 0 ISHARES TR CORE S&P TTL STK 464287150 BBG000HSHZJ3 269064984 1618144 SH SOLE 1618144 0 0 ISHARES TR EAFE VALUE ETF 464288877 BBG000GLC047 185860290 2348500 SH SOLE 2348500 0 0 ISHARES TR CORE MSCI INTL 46435G326 BBG00G9DM001 119518560 1336000 SH SOLE 1336000 0 0 ISHARES TR CORE S&P US VLU 464287663 BBG000C18460 41371880 374000 SH SOLE 374000 0 0 ISHARES TR CORE DIV GRWTH 46434V621 BBG006MJFZQ8 25594905 339500 SH SOLE 339500 0 0 ISHARES TR CORE HIGH DV ETF 46429B663 BBG001LRJCD3 3327240 119000 SH SOLE 119000 0 0 ISHARES TR EAFE SML CP ETF 464288273 BBG000T1G8T9 4869880 57700 SH SOLE 57700 0 0 JOHNSON & JOHNSON COM 478160104 BBG000BMHZY5 53785108 203162 SH SOLE 203162 0 0 KRAFT HEINZ CO COM 500754106 BBG008H7SQZ2 8451794 371998 SH SOLE 371998 0 0 LINDE PLC SHS G54950103 BBG01FNDGNN8 1471415 3100 SH SOLE 3100 0 0 MERCK & CO INC COM 58933Y105 BBG000BPD257 1078346 7421 SH SOLE 7421 0 0 META PLATFORMS INC CL A 30303M102 BBG002GPKKZ7 68647714 94663 SH SOLE 94663 0 0 MICROSOFT CORP COM 594918104 BBG000BPHFS9 44048365 85881 SH SOLE 85881 0 0 MONDELEZ INTL INC CL A 609207105 BBG000D4M6H0 612892 10600 SH SOLE 10600 0 0 MSC INDL DIRECT INC CL A 553530106 BBG000BCM158 1769196 14300 SH SOLE 14300 0 0 NOVARTIS AG SPONSORED ADR 66987V109 BBG000LYF718 3756292 26347 SH SOLE 26347 0 0 OTIS WORLDWIDE CORP COM 68902V107 BBG00RP60KZ6 325974 5068 SH SOLE 5068 0 0 PEPSICO INC COM 713448108 BBG000DH7TN1 39964700 315378 SH SOLE 315378 0 0 PNC FINL SVCS GROUP INC COM 693475105 BBG000BRD2F2 1111300 5000 SH SOLE 5000 0 0 POLARIS INC COM 731068102 BBG000D5S6R0 37287250 715000 SH SOLE 715000 0 0 PROCTER & GAMBLE CO COM 742718109 BBG000BR2WS4 3598440 24769 SH SOLE 24769 0 0 QNITY ELECTRONICS INC COMMON STOCK 74743L100 BBG01TRL73X9 235763 1875 SH SOLE 1875 0 0 QUALCOMM INC COM 747525103 BBG000CGCDW3 1030624 5600 SH SOLE 5600 0 0 RIO TINTO PLC SPONSORED ADR 767204100 BBG000FD2C69 904032 9600 SH SOLE 9600 0 0 RTX CORPORATION COM 75513E101 BBG000BW8TX8 2506275 13500 SH SOLE 13500 0 0 SCHWAB STRATEGIC TR FUNDAMENTAL INTL 808524755 BBG0051K49L5 94957820 1766000 SH SOLE 1766000 0 0 SELECT SECTOR SPDR TR ST STR REAL ETF 81369Y860 BBG00B597182 16426634 401531 SH SOLE 401531 0 0 SNAP ON INC COM 833034101 BBG000BT7MD3 1080966 2975 SH SOLE 2975 0 0 SPDR INDEX SHS FDS ST STR PO EX ETF 78463X889 BBG000Q8SXL7 379494460 7558145 SH SOLE 7558145 0 0 SPDR SERIES TRUST ST STR NYSE TECH 78464A102 BBG000C9R462 108026004 282650 SH SOLE 282650 0 0 SPDR SERIES TRUST ST STR P400MID 78464A847 BBG000KMBJV0 47295000 750000 SH SOLE 750000 0 0 SPDR SERIES TRUST ST STR SP500DIV 78468R788 BBG00B6WD8B4 62150138 1369700 SH SOLE 1369700 0 0 STRYKER CORPORATION COM 863667101 BBG000DN7RP0 2203120 8000 SH SOLE 8000 0 0 SYSCO CORP COM 871829107 BBG000BTVL39 865356 11100 SH SOLE 11100 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 BBG000BVDPD4 2828460 4190 SH SOLE 4190 0 0 UNITED PARCEL SVCS INC CL B 911312106 BBG000L9CXY3 1149312 12300 SH SOLE 12300 0 0 VANGUARD INDEX FDS SMALL CP ETF 922908751 BBG000HT53P8 66151891 232528 SH SOLE 232528 0 0 VANGUARD INDEX FDS TOTAL STK MKT 922908769 BBG000HRBDF4 2020896 5400 SH SOLE 5400 0 0 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 BBG000HT8D55 11400331 192216 SH SOLE 192216 0 0 VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 BBG000QVFD98 64449278 912750 SH SOLE 912750 0 0 VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 BBG000QBYYJ4 64051040 412700 SH SOLE 412700 0 0 VANGUARD WORLD FD CONSUM DIS ETF 92204A108 BBG000HX44H7 25225953 68700 SH SOLE 68700 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 BBG000HS79Q4 460214 10033 SH SOLE 10033 0 0 ZIMMER BIOMET HOLDINGS INC COM 98956P102 BBG000BKPMZ8 1985351 22350 SH SOLE 22350 0 0 3M CO COM 88579Y101 BBG000BP5522 3348660 20400 SH DFND 1 0 20400 0 ALPHABET INC CAP STK CL C 02079K107 BBG009S4MVF2 11925900 35000 SH DFND 1 0 35000 0 AMAZON COM INC COM 023135106 BBG000BVQ4Z3 10713450 43000 SH DFND 1 0 43000 0 BECTON DICKINSON & CO COM 075887109 BBG000BD00Y0 3098490 17310 SH DFND 1 0 17310 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 BBG000DWCHZ5 5229035 7 SH DFND 1 0 7 0 COCA COLA CO COM 191216100 BBG000BMX4N8 1480576 17200 SH DFND 1 0 17200 0 GE AEROSPACE COM NEW 369604301 BBG000BK6PH2 10617860 34000 SH DFND 1 0 34000 0 GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 BBG01BY44931 2522432 38587 SH DFND 1 0 38587 0 GE VERNOVA INC COM 36828A101 BBG01LT2THM3 13249831 13940 SH DFND 1 0 13940 0 HONDA MOTOR CO LTD ADR ECH CNV IN 3 438128308 BBG000BL6DN0 2464800 78000 SH DFND 1 0 78000 0 ISHARES TR CORE S&P US VLU 464287663 BBG000C18460 30309880 274000 SH DFND 1 0 274000 0 ISHARES TR CORE MSCI INTL 46435G326 BBG00G9DM001 9214380 103000 SH DFND 1 0 103000 0 ISHARES TR CORE S&P TTL STK 464287150 BBG000HSHZJ3 61947614 372550 SH DFND 1 0 372550 0 ISHARES TR EAFE VALUE ETF 464288877 BBG000GLC047 26116200 330000 SH DFND 1 0 330000 0 ISHARES TR CORE DIV GRWTH 46434V621 BBG006MJFZQ8 5654250 75000 SH DFND 1 0 75000 0 JOHNSON & JOHNSON COM 478160104 BBG000BMHZY5 4219956 15940 SH DFND 1 0 15940 0 KRAFT HEINZ CO COM 500754106 BBG008H7SQZ2 2224288 97900 SH DFND 1 0 97900 0 META PLATFORMS INC CL A 30303M102 BBG002GPKKZ7 13923456 19200 SH DFND 1 0 19200 0 MICROSOFT CORP COM 594918104 BBG000BPHFS9 5334160 10400 SH DFND 1 0 10400 0 MSC INDL DIRECT INC CL A 553530106 BBG000BCM158 952644 7700 SH DFND 1 0 7700 0 PEPSICO INC COM 713448108 BBG000DH7TN1 1115136 8800 SH DFND 1 0 8800 0 RTX CORPORATION COM 75513E101 BBG000BW8TX8 1689415 9100 SH DFND 1 0 9100 0 SCHWAB STRATEGIC TR FUNDAMENTAL INTL 808524755 BBG0051K49L5 27906630 519000 SH DFND 1 0 519000 0 SELECT SECTOR SPDR TR ST STR REAL ETF 81369Y860 BBG00B597182 4365547 106711 SH DFND 1 0 106711 0 SPDR INDEX SHS FDS ST STR PO EX ETF 78463X889 BBG000Q8SXL7 115483000 2300000 SH DFND 1 0 2300000 0 SPDR SERIES TRUST ST STR SP500DIV 78468R788 BBG00B6WD8B4 19057500 420000 SH DFND 1 0 420000 0 SPDR SERIES TRUST ST STR P400MID 78464A847 BBG000KMBJV0 11350800 180000 SH DFND 1 0 180000 0 SPDR SERIES TRUST ST STR NYSE TECH 78464A102 BBG000C9R462 35887641 93900 SH DFND 1 0 93900 0 VANGUARD INDEX FDS SMALL CP ETF 922908751 BBG000HT53P8 5547555 19500 SH DFND 1 0 19500 0 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 BBG000HT8D55 18564030 313000 SH DFND 1 0 313000 0 VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 BBG000QVFD98 7908320 112000 SH DFND 1 0 112000 0 VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 BBG000QBYYJ4 22426400 144500 SH DFND 1 0 144500 0 VANGUARD WORLD FD CONSUM DIS ETF 92204A108 BBG000HX44H7 2900801 7900 SH DFND 1 0 7900 0 3M CO COM 88579Y101 BBG000BP5522 1920555 11700 SH DFND 2 0 11700 0 ALPHABET INC CAP STK CL C 02079K107 BBG009S4MVF2 7496280 22000 SH DFND 2 0 22000 0 AMAZON COM INC COM 023135106 BBG000BVQ4Z3 6228750 25000 SH DFND 2 0 25000 0 BECTON DICKINSON & CO COM 075887109 BBG000BD00Y0 1809690 10110 SH DFND 2 0 10110 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 BBG000DWCHZ5 2988020 4 SH DFND 2 0 4 0 COCA COLA CO COM 191216100 BBG000BMX4N8 645600 7500 SH DFND 2 0 7500 0 GE AEROSPACE COM NEW 369604301 BBG000BK6PH2 6870380 22000 SH DFND 2 0 22000 0 GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 BBG01BY44931 1482788 22683 SH DFND 2 0 22683 0 GE VERNOVA INC COM 36828A101 BBG01LT2THM3 7615326 8012 SH DFND 2 0 8012 0 HONDA MOTOR CO LTD ADR ECH CNV IN 3 438128308 BBG000BL6DN0 1422000 45000 SH DFND 2 0 45000 0 ISHARES TR CORE MSCI INTL 46435G326 BBG00G9DM001 7425180 83000 SH DFND 2 0 83000 0 ISHARES TR CORE S&P US VLU 464287663 BBG000C18460 23893920 216000 SH DFND 2 0 216000 0 ISHARES TR CORE DIV GRWTH 46434V621 BBG006MJFZQ8 7539000 100000 SH DFND 2 0 100000 0 ISHARES TR CORE S&P TTL STK 464287150 BBG000HSHZJ3 29099000 175000 SH DFND 2 0 175000 0 ISHARES TR EAFE VALUE ETF 464288877 BBG000GLC047 23346300 295000 SH DFND 2 0 295000 0 JOHNSON & JOHNSON COM 478160104 BBG000BMHZY5 2266174 8560 SH DFND 2 0 8560 0 KRAFT HEINZ CO COM 500754106 BBG008H7SQZ2 1268526 55833 SH DFND 2 0 55833 0 META PLATFORMS INC CL A 30303M102 BBG002GPKKZ7 2139281 2950 SH DFND 2 0 2950 0 MICROSOFT CORP COM 594918104 BBG000BPHFS9 3590300 7000 SH DFND 2 0 7000 0 MSC INDL DIRECT INC CL A 553530106 BBG000BCM158 556740 4500 SH DFND 2 0 4500 0 PEPSICO INC COM 713448108 BBG000DH7TN1 646272 5100 SH DFND 2 0 5100 0 RTX CORPORATION COM 75513E101 BBG000BW8TX8 983945 5300 SH DFND 2 0 5300 0 SCHWAB STRATEGIC TR FUNDAMENTAL INTL 808524755 BBG0051K49L5 22475860 418000 SH DFND 2 0 418000 0 SELECT SECTOR SPDR TR ST STR REAL ETF 81369Y860 BBG00B597182 3101223 75806 SH DFND 2 0 75806 0 SPDR INDEX SHS FDS ST STR PO EX ETF 78463X889 BBG000Q8SXL7 80034740 1594000 SH DFND 2 0 1594000 0 SPDR SERIES TRUST ST STR P400MID 78464A847 BBG000KMBJV0 6936600 110000 SH DFND 2 0 110000 0 SPDR SERIES TRUST ST STR NYSE TECH 78464A102 BBG000C9R462 21096888 55200 SH DFND 2 0 55200 0 SPDR SERIES TRUST ST STR SP500DIV 78468R788 BBG00B6WD8B4 12251250 270000 SH DFND 2 0 270000 0 VANGUARD INDEX FDS SMALL CP ETF 922908751 BBG000HT53P8 3726819 13100 SH DFND 2 0 13100 0 VANGUARD INDEX FDS TOTAL STK MKT 922908769 BBG000HRBDF4 5838144 15600 SH DFND 2 0 15600 0 VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 BBG000QVFD98 1482810 21000 SH DFND 2 0 21000 0 VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 BBG000QBYYJ4 25918400 167000 SH DFND 2 0 167000 0 VANGUARD WORLD FD CONSUM DIS ETF 92204A108 BBG000HX44H7 1505479 4100 SH DFND 2 0 4100 0