| T AT&T Inc. | 18.38% | 4,323,320 | $125.3M | No change |
| UPS United Parcel Service Class B | 11.72% | 812,440 | $79.9M | Add +14.0% |
| JNJ Johnson & Johnson | 7.75% | 216,207 | $52.8M | No change |
| JPM JPMorgan Chase & Co. | 7.06% | 163,589 | $48.1M | No change |
| KO The Coca-Cola Co. | 5.09% | 456,411 | $34.7M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 4.97% | 139,735 | $33.9M | No change |
| AXP American Express Co. | 4.26% | 95,918 | $29.0M | No change |
| CLF Cleveland-Cliffs Inc. | 4.21% | 3,397,625 | $28.7M | Add +15.0% |
| F Ford Motor Co. filed as FORD MTR CO | 3.55% | 2,100,000 | $24.2M | No change |
| CPB The Campbell's Company | 3.27% | 1,000,000 | $22.3M | New |
| CAT Caterpillar Inc. | 2.90% | 27,886 | $19.8M | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 2.60% | 345,412 | $17.8M | No change |
| MRK Merck & Co. Inc. | 2.33% | 132,292 | $15.9M | No change |
| DE Deere & Co. | 2.32% | 28,065 | $15.8M | No change |
| XOM Exxon Mobil Corp. | 1.71% | 68,680 | $11.7M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.65% | 116,683 | $11.2M | No change |
| AAPL Apple Inc. | 1.65% | 44,296 | $11.2M | No change |
| MSFT Microsoft Corp. | 1.64% | 30,129 | $11.2M | No change |
| WASH Washington Trust Bancorp | 1.48% | 300,800 | $10.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.01% | 10,561 | $6.9M | Reduce -3.2% |
| VZ Verizon Communications Inc. | 0.77% | 105,000 | $5.3M | No change |
| UNP Union Pacific Corp. | 0.69% | 19,373 | $4.7M | No change |
| PG The Procter & Gamble Co. | 0.63% | 29,590 | $4.3M | No change |
| EMR Emerson Electric Co. | 0.57% | 29,904 | $3.9M | No change |
| MCD McDonald's Corp. | 0.57% | 12,579 | $3.9M | No change |
| NVDA Nvidia Corp. | 0.56% | 21,800 | $3.8M | Add +84.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.55% | 6,500 | $3.8M | Reduce -5.8% |
| RTX RTX Corp. | 0.55% | 19,290 | $3.7M | No change |
| SHEL Shell PLC-ADR | 0.53% | 38,544 | $3.6M | No change |
| ABT Abbott Laboratories | 0.51% | 34,181 | $3.5M | No change |
| MMM 3M Co. | 0.49% | 23,122 | $3.4M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.43% | 15,215 | $2.9M | No change |
| KD Kyndryl Holdings Inc. | 0.38% | 200,000 | $2.6M | Add +100.0% |
| CL Colgate-Palmolive Co. | 0.36% | 28,820 | $2.5M | No change |
| TRI Thomson Reuters Corp. | 0.33% | 25,000 | $2.2M | New |
| LLY Eli Lilly & Co. | 0.29% | 2,134 | $2.0M | No change |
| MDT Medtronic PLC | 0.27% | 21,546 | $1.9M | No change |
| NVS Novartis AG-Sponsored ADR | 0.24% | 10,720 | $1.6M | No change |
| UL Unilever PLC-Sponsored ADR | 0.23% | 27,881 | $1.6M | No change |
| HD Home Depot Inc. | 0.16% | 3,300 | $1.1M | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.14% | 2,000 | $926K | No change |
| CVX Chevron Corp. | 0.11% | 3,500 | $724K | No change |
| IWM iShares Russell 2000 ETF | 0.10% | 2,866 | $711K | No change |
| DD Dupont DE Nemours Inc. | 0.10% | 14,262 | $653K | No change |
| HWM Howmet Aerospace Inc. | 0.08% | 2,500 | $576K | No change |
| WFC Wells Fargo & Co. | 0.08% | 6,747 | $537K | No change |
| IJH iShares Core S&P Midcap ETF | 0.08% | 7,755 | $524K | No change |
| XLF SS Financial Select Sector | 0.07% | 10,000 | $494K | No change |
| CARR Carrier Global Corp. | 0.07% | 8,578 | $483K | No change |
| GOOGL Alphabet Inc. Class A | 0.06% | 1,520 | $437K | No change |
| PEP Pepsico Inc. | 0.06% | 2,700 | $419K | No change |
| ABBV Abbvie Inc. | 0.06% | 1,900 | $413K | No change |
| Q Qnity Electronics Inc. | 0.06% | 3,274 | $378K | Reduce -23.4% |
| OTIS Otis Worldwide Corp. | 0.05% | 4,288 | $331K | No change |
| AMZN Amazon.com Inc. | 0.04% | 1,400 | $292K | No change |
| CSCO Cisco Systems Inc. | 0.04% | 3,650 | $283K | No change |
| AMGN Amgen Inc. | 0.04% | 750 | $264K | No change |
| LOW Lowe's Cos Inc. | 0.04% | 1,080 | $255K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 500 | $240K | No change |
| WMB Williams Cos Inc. | 0.03% | 3,000 | $218K | New |