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
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
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
ABBVIE INC COM 00287Y109 13,123,334 70,700 SH SOLE 70,700 0 0
ABRDN ETFS BBRG ALL COMD K1 003261104 19,484,337 938,100 SH SOLE 938,100 0 0
ADOBE INC COM 00724F101 7,076,035 18,290 SH SOLE 18,290 0 0
ADVANCED MICRO DEVICES INC COM 007903107 2,469,060 17,400 SH SOLE 17,400 0 0
ALPHABET INC CAP STK CL C 02079K107 993,384 5,600 SH SOLE 5,600 0 0
ALPHABET INC CAP STK CL A 02079K305 32,063,286 181,940 SH SOLE 181,940 0 0
ALTRIA GROUP INC COM 02209S103 15,419,690 263,000 SH SOLE 263,000 0 0
AMAZON COM INC COM 023135106 30,091,532 137,160 SH SOLE 137,160 0 0
AMERICAN ELEC PWR CO INC COM 025537101 9,618,552 92,700 SH SOLE 92,700 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,997,262 22,610 SH SOLE 22,610 0 0
APPLE INC COM 037833100 139,265,293 678,780 SH SOLE 678,780 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 825,432 1,030 SH SOLE 1,030 0 0
AT&T INC COM 00206R102 30,907,920 1,068,000 SH SOLE 1,068,000 0 0
BANCO SANTANDER S.A. ADR 05964H105 1,125,314 135,580 SH SOLE 135,580 0 0
BANK AMERICA CORP COM 060505104 25,709,902 543,320 SH SOLE 543,320 0 0
BARCLAYS PLC ADR 06738E204 7,705,555 414,500 SH SOLE 414,500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 32,157,974 66,200 SH SOLE 66,200 0 0
BHP GROUP LTD SPONSORED ADS 088606108 2,756,038 57,310 SH SOLE 57,310 0 0
BOSTON SCIENTIFIC CORP COM 101137107 5,425,279 50,510 SH SOLE 50,510 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 13,834,559 292,300 SH SOLE 292,300 0 0
BROADCOM INC COM 11135F101 94,093,128 341,350 SH SOLE 341,350 0 0
CCC INTELLIGENT SOLUTIONS HL COM 12510Q100 2,507,219 266,442 SH SOLE 266,442 0 0
CHEVRON CORP NEW COM 166764100 6,728,498 46,990 SH SOLE 46,990 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 12,236,770 217,930 SH SOLE 217,930 0 0
CHUBB LIMITED COM H1467J104 2,601,686 8,980 SH SOLE 8,980 0 0
CISCO SYS INC COM 17275R102 9,122,082 131,480 SH SOLE 131,480 0 0
CME GROUP INC COM 12572Q105 15,148,075 54,960 SH SOLE 54,960 0 0
COCA COLA CO COM 191216100 35,543,739 502,385 SH SOLE 502,385 0 0
COLGATE PALMOLIVE CO COM 194162103 2,372,490 26,100 SH SOLE 26,100 0 0
COMCAST CORP NEW CL A 20030N101 3,462,644 97,020 SH SOLE 97,020 0 0
CONSTELLATION ENERGY CORP COM 21037T109 9,908,732 30,700 SH SOLE 30,700 0 0
COSTCO WHSL CORP NEW COM 22160K105 9,602,418 9,700 SH SOLE 9,700 0 0
CROWN CASTLE INC COM 22822V101 3,848,266 37,460 SH SOLE 37,460 0 0
DANAHER CORPORATION COM 235851102 3,350,278 16,960 SH SOLE 16,960 0 0
DIGITAL RLTY TR INC COM 253868103 3,117,020 17,880 SH SOLE 17,880 0 0
DISNEY WALT CO COM 254687106 3,469,800 27,980 SH SOLE 27,980 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 29,123,580 246,810 SH SOLE 246,810 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 4,343,001 55,530 SH SOLE 55,530 0 0
ELI LILLY & CO COM 532457108 30,534,190 39,170 SH SOLE 39,170 0 0
EXXON MOBIL CORP COM 30231G102 21,457,590 199,050 SH SOLE 199,050 0 0
FIFTH THIRD BANCORP COM 316773100 4,355,256 105,890 SH SOLE 105,890 0 0
GE VERNOVA INC COM 36828A101 55,454,920 104,800 SH SOLE 104,800 0 0
HALLIBURTON CO COM 406216101 1,103,169 54,130 SH SOLE 54,130 0 0
HARTFORD INSURANCE GROUP INC COM 416515104 9,823,544 77,430 SH SOLE 77,430 0 0
HOME DEPOT INC COM 437076102 15,600,532 42,550 SH SOLE 42,550 0 0
ICICI BANK LIMITED ADR 45104G104 2,095,772 62,300 SH SOLE 62,300 0 0
ILLINOIS TOOL WKS INC COM 452308109 8,510,345 34,420 SH SOLE 34,420 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 8,990,790 30,500 SH SOLE 30,500 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 9,145,590 16,830 SH SOLE 16,830 0 0
INVESCO ACTVELY MNGD ETC FD OPTIMUM YIELD 46090F100 8,476,000 650,000 SH SOLE 650,000 0 0
INVESCO DB COMMDY INDX TRCK UNIT 46138B103 14,466,573 663,300 SH SOLE 663,300 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 3,634,800 20,000 SH SOLE 20,000 0 0
ISHARES INC MSCI CDA ETF 464286509 6,227,760 134,800 SH SOLE 134,800 0 0
ISHARES INC CORE MSCI EMKT 46434G103 61,050,510 1,017,000 SH SOLE 1,017,000 0 0
ISHARES TR S&P 100 ETF 464287101 9,130,500 30,000 SH SOLE 30,000 0 0
ISHARES TR CORE US AGGBD ET 464287226 204,848,000 2,065,000 SH SOLE 2,065,000 0 0
ISHARES TR US TREAS BD ETF 46429B267 21,831,000 950,000 SH SOLE 950,000 0 0
ISHARES TR CORE MSCI EAFE 46432F842 62,693,480 751,000 SH SOLE 751,000 0 0
JOHNSON & JOHNSON COM 478160104 32,627,400 213,600 SH SOLE 213,600 0 0
JPMORGAN CHASE & CO. COM 46625H100 77,121,858 266,020 SH SOLE 266,020 0 0
LINDE PLC SHS G54950103 1,435,691 3,060 SH SOLE 3,060 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 1,785,255 420,060 SH SOLE 420,060 0 0
MARRIOTT INTL INC NEW CL A 571903202 6,483,273 23,730 SH SOLE 23,730 0 0
MASTERCARD INCORPORATED CL A 57636Q104 6,900,623 12,280 SH SOLE 12,280 0 0
MCKESSON CORP COM 58155Q103 6,448,464 8,800 SH SOLE 8,800 0 0
MERCK & CO INC COM 58933Y105 10,773,676 136,100 SH SOLE 136,100 0 0
META PLATFORMS INC CL A 30303M102 46,056,816 62,400 SH SOLE 62,400 0 0
MICROSOFT CORP COM 594918104 166,264,267 334,260 SH SOLE 334,260 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADS 606822104 1,193,640 87,000 SH SOLE 87,000 0 0
NATIONAL GRID PLC SPONSORED ADR NE 636274409 7,195,447 96,700 SH SOLE 96,700 0 0
NETFLIX INC COM 64110L106 7,766,954 5,800 SH SOLE 5,800 0 0
NEXTERA ENERGY INC COM 65339F101 2,097,178 30,210 SH SOLE 30,210 0 0
NORTHROP GRUMMAN CORP COM 666807102 7,604,696 15,210 SH SOLE 15,210 0 0
NOVARTIS AG SPONSORED ADR 66987V109 8,918,437 73,700 SH SOLE 73,700 0 0
NOVO-NORDISK A S ADR 670100205 2,998,919 43,450 SH SOLE 43,450 0 0
NVIDIA CORPORATION COM 67066G104 187,846,950 1,188,980 SH SOLE 1,188,980 0 0
ORACLE CORP COM 68389X105 10,124,755 46,310 SH SOLE 46,310 0 0
PEPSICO INC COM 713448108 9,739,270 73,760 SH SOLE 73,760 0 0
PFIZER INC COM 717081103 1,764,672 72,800 SH SOLE 72,800 0 0
PHILIP MORRIS INTL INC COM 718172109 20,981,376 115,200 SH SOLE 115,200 0 0
PROCTER AND GAMBLE CO COM 742718109 39,635,630 248,780 SH SOLE 248,780 0 0
PROGRESSIVE CORP COM 743315103 7,880,376 29,530 SH SOLE 29,530 0 0
PROLOGIS INC. COM 74340W103 3,143,088 29,900 SH SOLE 29,900 0 0
RIO TINTO PLC SPONSORED ADR 767204100 2,723,428 46,690 SH SOLE 46,690 0 0
RTX CORPORATION COM 75513E101 11,994,083 82,140 SH SOLE 82,140 0 0
RUBRIK INC. CL A 781154109 886,762 9,898 SH SOLE 9,898 0 0
SALESFORCE INC COM 79466L302 8,379,764 30,730 SH SOLE 30,730 0 0
SAP SE SPON ADR 803054204 1,125,170 3,700 SH SOLE 3,700 0 0
SCHLUMBERGER LTD COM STK 806857108 1,290,146 38,170 SH SOLE 38,170 0 0
SHELL PLC SPON ADS 780259305 3,414,181 48,490 SH SOLE 48,490 0 0
SOUTHERN CO COM 842587107 19,821,506 215,850 SH SOLE 215,850 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,357,000 20,000 SH SOLE 20,000 0 0
SPDR SERIES TRUST PORTFOLIO LN TSR 78464A664 3,455,400 130,000 SH SOLE 130,000 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 1,148,360 76,000 SH SOLE 76,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 11,301,851 49,900 SH SOLE 49,900 0 0
TESLA INC COM 88160R101 25,444,566 80,100 SH SOLE 80,100 0 0
TEXAS INSTRS INC COM 882508104 12,980,402 62,520 SH SOLE 62,520 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 3,113,933 7,680 SH SOLE 7,680 0 0
TOYOTA MOTOR CORP ADS 892331307 1,126,580 6,540 SH SOLE 6,540 0 0
UNION PAC CORP COM 907818108 12,967,309 56,360 SH SOLE 56,360 0 0
UNITEDHEALTH GROUP INC COM 91324P102 8,030,108 25,740 SH SOLE 25,740 0 0
VANGUARD ADMIRAL FDS INC MIDCP 400 IDX 921932885 78,735,000 750,000 SH SOLE 750,000 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 53,013,600 720,000 SH SOLE 720,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 178,361,420 314,000 SH SOLE 314,000 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 204,989,400 1,595,000 SH SOLE 1,595,000 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 8,722,000 100,000 SH SOLE 100,000 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847 30,866,000 550,000 SH SOLE 550,000 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 71,262,500 1,250,000 SH SOLE 1,250,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 25,157,178 581,400 SH SOLE 581,400 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 4,834,872 10,860 SH SOLE 10,860 0 0
VISA INC COM CL A 92826C839 7,803,999 21,980 SH SOLE 21,980 0 0
WALMART INC COM 931142103 32,996,839 337,460 SH SOLE 337,460 0 0
WELLS FARGO CO NEW COM 949746101 17,786,640 222,000 SH SOLE 222,000 0 0