0001221362-20-000011.txt : 20201104 0001221362-20-000011.hdr.sgml : 20201104 20201104130407 ACCESSION NUMBER: 0001221362-20-000011 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201104 DATE AS OF CHANGE: 20201104 EFFECTIVENESS DATE: 20201104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Avalon Investment & Advisory CENTRAL INDEX KEY: 0001221362 IRS NUMBER: 760676982 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10434 FILM NUMBER: 201286002 BUSINESS ADDRESS: STREET 1: 2929 ALLEN PARKWAY STREET 2: SUITE 3000 CITY: HOUSTON STATE: TX ZIP: 77019-7124 BUSINESS PHONE: (713) 238-2050 MAIL ADDRESS: STREET 1: 2929 ALLEN PARKWAY STREET 2: SUITE 3000 CITY: HOUSTON STATE: TX ZIP: 77019-7124 FORMER COMPANY: FORMER CONFORMED NAME: AVALON ADVISORS, LLC DATE OF NAME CHANGE: 20091106 FORMER COMPANY: FORMER CONFORMED NAME: AVALON ADVISORS. LLC DATE OF NAME CHANGE: 20081105 FORMER COMPANY: FORMER CONFORMED NAME: AVALON ADVISORS L P DATE OF NAME CHANGE: 20030303 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001221362 XXXXXXXX 09-30-2020 09-30-2020 Avalon Investment & Advisory

2929 ALLEN PARKWAY SUITE 3000 HOUSTON TX 77019-7124

13F HOLDINGS REPORT 028-10434 N ROBERT K. HATCHER 713-238-2050 ROBERT K. HATCHER HOUSTON TX 11-04-2020 0 322 4500547 false INFORMATION TABLE 2 aa.2020.09.30.xml 3M Co COM 88579Y101 25723 160589 SH SOLE 0 0 160589 ABB Ltd COM 000375204 878 34497 SH SOLE 0 0 34497 Abbott Laboratories COM 002824100 53621 492704 SH SOLE 0 0 492704 AbbVie Inc COM 00287Y109 90744 1036006 SH SOLE 0 0 1036006 Accenture PLC Ireland COM G1151C101 41954 185647 SH SOLE 0 0 185647 Adaptive Biotechnologies Corp COM 00650F109 571 11737 SH SOLE 0 0 11737 Addus Homecare Corp COM 006739106 3297 34890 SH SOLE 0 0 34890 Adobe Inc COM 00724F101 15331 31261 SH SOLE 0 0 31261 Advanced Micro Devices Inc COM 007903107 25353 309220 SH SOLE 0 0 309220 Akamai Technologies Inc COM 00971T101 3164 28624 SH SOLE 0 0 28624 Albemarle Corp COM 012653101 46421 519949 SH SOLE 0 0 519949 Alexandria Real Estate Equity COM 015271109 378 2360 SH SOLE 0 0 2360 Alexion Pharmaceuticals Inc COM 015351109 493 4309 SH SOLE 0 0 4309 Alibaba Group Holding Ltd COM 01609W102 38379 130549 SH SOLE 0 0 130549 Alphabet Inc COM 02079K107 2372 1614 SH SOLE 0 0 1614 Alphabet Inc COM 02079K305 30265 20650 SH SOLE 0 0 20650 Altria Group Inc COM 02209S103 18074 467763 SH SOLE 0 0 467763 Amazon.com Inc COM 023135106 51733 16430 SH SOLE 0 0 16430 Ambev SA COM 02319V103 2272 1005171 SH SOLE 0 0 1005171 American Eagle Outfitters New COM 02553E106 2837 191592 SH SOLE 0 0 191592 American Express Co COM 025816109 19273 192250 SH SOLE 0 0 192250 American Tower Corp COM 03027X100 14634 60539 SH SOLE 0 0 60539 American Water Works Co Inc COM 030420103 402 2776 SH SOLE 0 0 2776 Ameriprise Financial Inc COM 03076C106 985 6390 SH SOLE 0 0 6390 Ametek Inc COM 031100100 800 8052 SH SOLE 0 0 8052 Amgen Inc COM 031162100 65531 257832 SH SOLE 0 0 257832 Apple Inc COM 037833100 214965 1856189 SH SOLE 0 0 1856189 Applied Materials Inc COM 038222105 10785 181412 SH SOLE 0 0 181412 ASML Holding NV COM N07059210 23298 63091 SH SOLE 0 0 63091 AstraZeneca PLC COM 046353108 4939 90121 SH SOLE 0 0 90121 AT&T Inc COM 00206R102 26152 917296 SH SOLE 0 0 917296 Atlassian Corp PLC COM G06242104 1336 7351 SH SOLE 0 0 7351 Automatic Data Processing Inc COM 053015103 23149 165956 SH SOLE 0 0 165956 Avery Dennison Corp COM 053611109 344 2689 SH SOLE 0 0 2689 Baidu Inc COM 056752108 281 2216 SH SOLE 0 0 2216 Ball Corp COM 058498106 639 7688 SH SOLE 0 0 7688 Bank America Corp COM 060505104 20772 862281 SH SOLE 0 0 862281 Bank N S Halifax COM 064149107 2222 53531 SH SOLE 0 0 53531 Becton Dickinson & Co COM 075887109 767 3296 SH SOLE 0 0 3296 Berkshire Hathaway Inc COM 084670702 39704 186458 SH SOLE 0 0 186458 Berkshire Hathaway Inc COM 084670108 23040 72 SH SOLE 0 0 72 Best Buy Inc COM 086516101 13270 119236 SH SOLE 0 0 119236 BHP Billiton Ltd COM 088606108 399 7711 SH SOLE 0 0 7711 BHP Billiton PLC COM 05545E209 19791 463916 SH SOLE 0 0 463916 Bio Rad Laboratories Inc COM 090572207 2561 4969 SH SOLE 0 0 4969 Bio Techne Corp COM 09073M104 661 2668 SH SOLE 0 0 2668 Biogen Inc COM 09062X103 353 1243 SH SOLE 0 0 1243 BioMarin Pharmaceutical Inc COM 09061G101 428 5621 SH SOLE 0 0 5621 BJs Whsl Club COM 05550J101 4424 106477 SH SOLE 0 0 106477 Black Stone Minerals LP COM 09225M101 160 26011 SH SOLE 0 0 26011 BlackRock Inc COM 09247X101 8848 15700 SH SOLE 0 0 15700 Boeing Co COM 097023105 15593 94357 SH SOLE 0 0 94357 Booking Holdings Inc COM 09857L108 221 129 SH SOLE 0 0 129 Bristol-Myers Squibb Co COM 110122108 19233 319014 SH SOLE 0 0 319014 Broadcom Inc COM 11135F101 39910 109547 SH SOLE 0 0 109547 Broadridge Financial Solutions COM 11133T103 1661 12581 SH SOLE 0 0 12581 Brookfield Asset Mgmt Inc COM 112585104 35170 1063836 SH SOLE 0 0 1063836 C H Robinson Worldwide Inc COM 12541W209 48817 477704 SH SOLE 0 0 477704 Cable One Inc COM 12685J105 2004 1063 SH SOLE 0 0 1063 Cadence Bancorporation Cl A COM 12739A100 262 30516 SH SOLE 0 0 30516 Cal Maine Foods Inc COM 128030202 30762 801725 SH SOLE 0 0 801725 Canadian Pacific Railway Ltd COM 13645T100 502 1650 SH SOLE 0 0 1650 Carlisle Cos Inc COM 142339100 2343 19148 SH SOLE 0 0 19148 CarMax Inc COM 143130102 233 2533 SH SOLE 0 0 2533 Carrols Restaurant Group Inc COM 14574X104 2221 344279 SH SOLE 0 0 344279 Catalent Inc COM 148806102 684 7990 SH SOLE 0 0 7990 Caterpillar Inc COM 149123101 12553 84163 SH SOLE 0 0 84163 Cavco Industries Inc COM 149568107 1476 8184 SH SOLE 0 0 8184 Celsius Holdings Inc COM 15118V207 6904 304017 SH SOLE 0 0 304017 Charles River Laboratories Int COM 159864107 13140 58026 SH SOLE 0 0 58026 Chevron Corp COM 166764100 46556 646608 SH SOLE 0 0 646608 Chubb Limited COM H1467J104 9458 81454 SH SOLE 0 0 81454 Cigna Corporation COM 125523100 735 4341 SH SOLE 0 0 4341 Cisco Systems Inc COM 17275R102 53299 1353107 SH SOLE 0 0 1353107 Citigroup Inc COM 172967424 13635 316277 SH SOLE 0 0 316277 Citizens Inc COM 174740100 1724 311226 SH SOLE 0 0 311226 CME Group Inc COM 12572Q105 16521 98745 SH SOLE 0 0 98745 Coca-Cola Co COM 191216100 139500 2825596 SH SOLE 0 0 2825596 Comcast Corp COM 20030N101 8942 193294 SH SOLE 0 0 193294 ConocoPhillips COM 20825C104 359 10940 SH SOLE 0 0 10940 Contango Oil & Gas Company COM 21075N204 385 287398 SH SOLE 0 0 287398 CoreSite Realty Corp COM 21870Q105 2749 23127 SH SOLE 0 0 23127 Costco Wholesale Corp COM 22160K105 14042 39556 SH SOLE 0 0 39556 Crown Castle Intl Corp COM 22822V101 30774 184828 SH SOLE 0 0 184828 Cummins Inc COM 231021106 86304 408714 SH SOLE 0 0 408714 CVS Health Corp COM 126650100 34412 589243 SH SOLE 0 0 589243 Cyberark Software Ltd COM M2682V108 1094 10582 SH SOLE 0 0 10582 Danaher Corp COM 235851102 16259 75507 SH SOLE 0 0 75507 DexCom Inc COM 252131107 13837 33567 SH SOLE 0 0 33567 Diageo PLC COM 25243Q205 4824 35046 SH SOLE 0 0 35046 Digital Realty Trust Inc COM 253868103 32178 219254 SH SOLE 0 0 219254 Discover Financial Services COM 254709108 36820 637243 SH SOLE 0 0 637243 Disney Walt Co COM 254687106 18896 152289 SH SOLE 0 0 152289 Dollar General Corp COM 256677105 1047 4993 SH SOLE 0 0 4993 Dominos Pizza Inc COM 25754A201 428 1007 SH SOLE 0 0 1007 Duke Energy Corp COM 26441C204 22458 253595 SH SOLE 0 0 253595 Ecolab Inc COM 278865100 407 2038 SH SOLE 0 0 2038 Edwards Lifesciences Corp COM 28176E108 248 3109 SH SOLE 0 0 3109 Electronic Arts Inc COM 285512109 457 3506 SH SOLE 0 0 3506 Emerson Electric Co COM 291011104 36975 563894 SH SOLE 0 0 563894 Enbridge Inc COM 29250N105 1235 42311 SH SOLE 0 0 42311 Energy Transfer LP COM 29273V100 450 83052 SH SOLE 0 0 83052 Entergy Corp COM 29364G103 15912 161498 SH SOLE 0 0 161498 Enterprise Products Partners L COM 293792107 12998 823185 SH SOLE 0 0 823185 EOG Resources Inc COM 26875P101 283 7872 SH SOLE 0 0 7872 Equinix Inc COM 29444U700 13612 17907 SH SOLE 0 0 17907 Equity Residential COM 29476L107 14808 288487 SH SOLE 0 0 288487 Ericsson COM 294821608 2001 183791 SH SOLE 0 0 183791 Exxon Mobil Corp COM 30231G102 19060 555202 SH SOLE 0 0 555202 Facebook Inc COM 30303M102 21191 80911 SH SOLE 0 0 80911 Fidelity Natl Information Serv COM 31620M106 869 5904 SH SOLE 0 0 5904 First Financial Bankshares COM 32020R109 1805 64690 SH SOLE 0 0 64690 Firstcash Inc COM 33767D105 2038 35615 SH SOLE 0 0 35615 Firstservice Corp COM 33767E202 3389 25698 SH SOLE 0 0 25698 Fiserv Inc COM 337738108 244 2371 SH SOLE 0 0 2371 Fleetcor Technologies Inc COM 339041105 5086 21359 SH SOLE 0 0 21359 Fomento Economico Mexicano SAB COM 344419106 704 12528 SH SOLE 0 0 12528 Franco Nevada Corp COM 351858105 880 6307 SH SOLE 0 0 6307 G-III Apparel Group Ltd COM 36237H101 3967 302605 SH SOLE 0 0 302605 Galapagos NV Sp ADR COM 36315X101 554 3901 SH SOLE 0 0 3901 Garmin Ltd COM H2906T109 19122 201583 SH SOLE 0 0 201583 Generac Holdings Inc COM 368736104 1041 5376 SH SOLE 0 0 5376 General Electric Co COM 369604103 1548 248545 SH SOLE 0 0 248545 General Mills Inc COM 370334104 638 10341 SH SOLE 0 0 10341 Genmab AS Sp ADS COM 372303206 836 22847 SH SOLE 0 0 22847 Genuine Parts Co COM 372460105 15729 165269 SH SOLE 0 0 165269 Gilead Sciences Inc COM 375558103 47879 757701 SH SOLE 0 0 757701 GlaxoSmithKline PLC COM 37733W105 20975 557244 SH SOLE 0 0 557244 Global Payments Inc COM 37940X102 235 1324 SH SOLE 0 0 1324 Godaddy Inc COM 380237107 2439 32103 SH SOLE 0 0 32103 Gold Shares SPDR ETF COM 78463V107 13848 78182 SH SOLE 0 0 78182 Green Dot Corp COM 39304D102 4403 86998 SH SOLE 0 0 86998 Grocery Outlet Holding Corp COM 39874R101 3096 78737 SH SOLE 0 0 78737 Guardant Health Inc COM 40131M109 438 3914 SH SOLE 0 0 3914 Guggenheim Taxable Muni Mgd Du COM 401664107 203 8617 SH SOLE 0 0 8617 Hanesbrands Inc COM 410345102 17864 1134246 SH SOLE 0 0 1134246 Health Care Select Sector SPDR COM 81369Y209 650 6164 SH SOLE 0 0 6164 Healthcare Services Group Inc COM 421906108 3263 151538 SH SOLE 0 0 151538 HollyFrontier Corp COM 436106108 372 18874 SH SOLE 0 0 18874 Home Bancshares Inc COM 436893200 2237 147545 SH SOLE 0 0 147545 Home Depot Inc COM 437076102 60218 216837 SH SOLE 0 0 216837 Honeywell Intl Inc COM 438516106 28674 174192 SH SOLE 0 0 174192 I3 Verticals Inc Cl A COM 46571Y107 2484 98381 SH SOLE 0 0 98381 Icon PLC COM G4705A100 8096 42369 SH SOLE 0 0 42369 IHS Markit Ltd COM G47567105 1652 21037 SH SOLE 0 0 21037 Incyte Corp COM 45337C102 432 4816 SH SOLE 0 0 4816 Independent Bank Group Inc COM 45384B106 299 6772 SH SOLE 0 0 6772 Inmode Ltd COM M5425M103 3243 89629 SH SOLE 0 0 89629 Innovative Industrial Properti COM 45781V101 5668 45667 SH SOLE 0 0 45667 Inovalon Holdings Inc COM 45781D101 3841 145199 SH SOLE 0 0 145199 Intel Corp COM 458140100 15593 301147 SH SOLE 0 0 301147 Intercontinental Exchange Inc COM 45866F104 1463 14625 SH SOLE 0 0 14625 Intercontinental Hotels Group COM 45857P806 1901 36221 SH SOLE 0 0 36221 International Flavors & Fragra COM 459506101 250 2044 SH SOLE 0 0 2044 International Paper Co COM 460146103 18676 460687 SH SOLE 0 0 460687 Intl Business Machines COM 459200101 36830 302706 SH SOLE 0 0 302706 Intuit COM 461202103 883 2708 SH SOLE 0 0 2708 Intuitive Surgical Inc COM 46120E602 866 1221 SH SOLE 0 0 1221 Invesco Preferred ETF COM 46138E511 14738 1000567 SH SOLE 0 0 1000567 Invesco QQQ Trust COM 46090E103 479 1726 SH SOLE 0 0 1726 iShares Gold Trust COM 464285105 940 52238 SH SOLE 0 0 52238 iShares Sh Tr Crport ETF COM 464288646 213 3879 SH SOLE 0 0 3879 iShares TR Core US Aggbd ETF COM 464287226 1084 9186 SH SOLE 0 0 9186 iShares TR Iboxx Hi Yd ETF COM 464288513 17958 214036 SH SOLE 0 0 214036 iShares TR Iboxx Inv Cp ETF COM 464287242 2955 21935 SH SOLE 0 0 21935 iShares TR MBS ETF COM 464288588 96230 871648 SH SOLE 0 0 871648 iShares TR National Mun ETF COM 464288414 224 1932 SH SOLE 0 0 1932 iShares TR S&P 500 Grwt ETF COM 464287309 3786 16383 SH SOLE 0 0 16383 iShares TR S&P Us Pfd Stk ETF COM 464288687 18865 517552 SH SOLE 0 0 517552 iShares TR USA Momentum Fct ET COM 46432F396 1640 11124 SH SOLE 0 0 11124 J2 Global Inc COM 48123V102 4410 63715 SH SOLE 0 0 63715 Janus Detroit Str Tr Henderson COM 47103U852 15517 289404 SH SOLE 0 0 289404 Johnson & Johnson COM 478160104 21914 147194 SH SOLE 0 0 147194 JPMorgan Chase & Co COM 46625H100 61447 638279 SH SOLE 0 0 638279 Kimberly Clark Corp COM 494368103 32825 222300 SH SOLE 0 0 222300 Kinder Morgan Inc COM 49456B101 10625 861711 SH SOLE 0 0 861711 Koninklijke Philips NV COM 500472303 2078 44079 SH SOLE 0 0 44079 L3harris Technologies Inc COM 502431109 12013 70734 SH SOLE 0 0 70734 Lam Research Corp COM 512807108 54293 163656 SH SOLE 0 0 163656 Lamar Advertising Co COM 512816109 334 5043 SH SOLE 0 0 5043 Landstar Systems Inc COM 515098101 4238 33770 SH SOLE 0 0 33770 Lauder Estee Cos Inc COM 518439104 13479 61758 SH SOLE 0 0 61758 Liberty Broadband Corp COM 530307305 201 1405 SH SOLE 0 0 1405 Lilly Eli & Co COM 532457108 1040 7026 SH SOLE 0 0 7026 Linde PLC COM G5494J103 30878 129668 SH SOLE 0 0 129668 Lithia Motors Inc COM 536797103 1603 7031 SH SOLE 0 0 7031 LKQ Corp COM 501889208 3176 114520 SH SOLE 0 0 114520 Lockheed Martin Corp COM 539830109 36233 94534 SH SOLE 0 0 94534 Lowes Cos Inc COM 548661107 423 2548 SH SOLE 0 0 2548 Lululemon Athletica Inc COM 550021109 15225 46225 SH SOLE 0 0 46225 Lyft Inc Cl A COM 55087P104 1835 66606 SH SOLE 0 0 66606 Magellan Midstream Partners LP COM 559080106 739 21599 SH SOLE 0 0 21599 Marathon Oil Corp COM 565849106 102 25000 SH SOLE 0 0 25000 Markel Corp COM 570535104 3583 3680 SH SOLE 0 0 3680 MarketAxess Holdings Inc COM 57060D108 714 1482 SH SOLE 0 0 1482 Marriott Intl Inc COM 571903202 631 6812 SH SOLE 0 0 6812 MasterCard Incorporated COM 57636Q104 2458 7269 SH SOLE 0 0 7269 Maxim Integrated Prods Inc COM 57772K101 202 2983 SH SOLE 0 0 2983 McDonalds Corp COM 580135101 50157 228517 SH SOLE 0 0 228517 MercadoLibre Inc COM 58733R102 1959 1810 SH SOLE 0 0 1810 Merck & Co Inc COM 58933Y105 87142 1050541 SH SOLE 0 0 1050541 MetLife Inc COM 59156R108 15953 429178 SH SOLE 0 0 429178 Microchip Technology Inc COM 595017104 337 3280 SH SOLE 0 0 3280 Microsoft Corp COM 594918104 102554 487587 SH SOLE 0 0 487587 Mitek Systems Inc COM 606710200 1725 135435 SH SOLE 0 0 135435 Mobile Telesystems PJSC COM 607409109 580 66422 SH SOLE 0 0 66422 Mondelez Intl Inc COM 609207105 17256 300360 SH SOLE 0 0 300360 Morgan Stanley COM 617446448 12663 261913 SH SOLE 0 0 261913 MPLX LP COM 55336V100 512 32522 SH SOLE 0 0 32522 Netease Inc COM 64110W102 876 1926 SH SOLE 0 0 1926 Netflix Com Inccmn COM 64110L106 1119 2238 SH SOLE 0 0 2238 Neurocrine Biosciences Inc COM 64125C109 366 3804 SH SOLE 0 0 3804 Nextera Energy Inc COM 65339F101 707 2546 SH SOLE 0 0 2546 Nextera Energy Partners LP In COM 65341B106 16958 282829 SH SOLE 0 0 282829 Nike Inc COM 654106103 21907 174500 SH SOLE 0 0 174500 Nomad Foods Ltd COM G6564A105 3157 123887 SH SOLE 0 0 123887 Norfolk Southern Corp COM 655844108 1520 7104 SH SOLE 0 0 7104 Northrop Grumman Corp COM 666807102 13783 43688 SH SOLE 0 0 43688 Novartis AG COM 66987V109 6440 74056 SH SOLE 0 0 74056 Novo-Nordisk AS COM 670100205 29109 419264 SH SOLE 0 0 419264 NVIDIA Corp COM 67066G104 24496 45260 SH SOLE 0 0 45260 O'Reilly Automotive Inc COM 67103H107 782 1697 SH SOLE 0 0 1697 Old Dominion Freight Lines Inc COM 679580100 2318 12815 SH SOLE 0 0 12815 Ollies Bargain Outlt Holdings COM 681116109 3940 45110 SH SOLE 0 0 45110 Omnicom Group Inc COM 681919106 13207 266813 SH SOLE 0 0 266813 Ooma Inc COM 683416101 1762 135037 SH SOLE 0 0 135037 Oracle Corp COM 68389X105 810 13572 SH SOLE 0 0 13572 Otis Worldwide Corp COM 68902V107 449 7200 SH SOLE 0 0 7200 Paychex Inc COM 704326107 19901 249476 SH SOLE 0 0 249476 Paypal Holdings Inc COM 70450Y103 2329 11818 SH SOLE 0 0 11818 Pbf Logistics LP COM 69318Q104 154 18868 SH SOLE 0 0 18868 PepsiCo Inc COM 713448108 125114 902697 SH SOLE 0 0 902697 PerkinElmer Inc COM 714046109 3526 28093 SH SOLE 0 0 28093 Pfizer Inc COM 717081103 21654 590027 SH SOLE 0 0 590027 Philip Morris Intl Inc COM 718172109 123729 1649935 SH SOLE 0 0 1649935 Phillips 66 COM 718546104 27150 523722 SH SOLE 0 0 523722 Phillips 66 Partners LP COM 718549207 210 9115 SH SOLE 0 0 9115 Plains All American Pipeline L COM 726503105 114 18992 SH SOLE 0 0 18992 Plains Group Hlgs LP COM 72651A207 971 159395 SH SOLE 0 0 159395 Pra Health Sciences Inc COM 69354M108 3916 38609 SH SOLE 0 0 38609 Price T Rowe Group Inc COM 74144T108 52197 407091 SH SOLE 0 0 407091 Procter And Gamble Co COM 742718109 133480 960359 SH SOLE 0 0 960359 ProLogis Inc COM 74340W103 588 5847 SH SOLE 0 0 5847 Prosperity Bancshares Inc COM 743606105 3827 73838 SH SOLE 0 0 73838 Prudential PLC COM 74435K204 633 22138 SH SOLE 0 0 22138 Q2 Holdings Inc COM 74736L109 1994 21854 SH SOLE 0 0 21854 Qualcomm Inc COM 747525103 30145 256163 SH SOLE 0 0 256163 Raytheon Technologies Corp COM 75513E101 828 14387 SH SOLE 0 0 14387 Regeneron Pharmaceuticals COM 75886F107 1352 2416 SH SOLE 0 0 2416 Restaurant Brands Intl Inc COM 76131D103 444 7713 SH SOLE 0 0 7713 Rh COM 74967X103 291 760 SH SOLE 0 0 760 Rio Tinto PLC COM 767204100 1723 28535 SH SOLE 0 0 28535 Rockwell Automation Inc COM 773903109 10394 47102 SH SOLE 0 0 47102 Roper Technologies Inc COM 776696106 513 1298 SH SOLE 0 0 1298 Royal Bank of Canada Montreal COM 780087102 1110 15828 SH SOLE 0 0 15828 Royal Dutch Shell PLC COM 780259206 1853 73609 SH SOLE 0 0 73609 Royal Dutch Shell PLC COM 780259107 2129 87909 SH SOLE 0 0 87909 Russell 2000 Ishares ETF COM 464287655 3540 23633 SH SOLE 0 0 23633 Ryanair Holdings PLC COM 783513203 1674 20477 SH SOLE 0 0 20477 Ryman Hospitality Properties I COM 78377T107 3144 85428 SH SOLE 0 0 85428 S&P 500 INDEX Ishares ETF COM 464287200 9880 29400 SH SOLE 0 0 29400 S&P 500 SPDR ETF COM 78462F103 36396 108681 SH SOLE 0 0 108681 S&P Midcap 400 SPDR ETF COM 78467Y107 1481 4372 SH SOLE 0 0 4372 Salesforce.com Inc COM 79466L302 2519 10025 SH SOLE 0 0 10025 Sanofi COM 80105N105 585 11663 SH SOLE 0 0 11663 Sap SE COM 803054204 2880 18487 SH SOLE 0 0 18487 Schwab Charles Corp COM 808513105 547 15102 SH SOLE 0 0 15102 Seattle Genetics Inc COM 812578102 558 2854 SH SOLE 0 0 2854 ServiceNow Inc COM 81762P102 1481 3053 SH SOLE 0 0 3053 Shell Midstream Partners LP COM 822634101 251 26526 SH SOLE 0 0 26526 Shopify Inc Cl A COM 82509L107 1015 992 SH SOLE 0 0 992 Skyworks Solutions Inc COM 83088M102 696 4786 SH SOLE 0 0 4786 Sony Corp COM 835699307 2723 35480 SH SOLE 0 0 35480 Southwest Airlines Co COM 844741108 12482 332865 SH SOLE 0 0 332865 SPDR Dow Jones Industrial Avrg COM 78467X109 590 2125 SH SOLE 0 0 2125 SPDR Series Trust S&P Biotech COM 78464A870 2477 22225 SH SOLE 0 0 22225 SPDR Series Trust S&P Divid ET COM 78464A763 251 2714 SH SOLE 0 0 2714 Splunk Inc COM 848637104 538 2858 SH SOLE 0 0 2858 Square Inc COM 852234103 209 1286 SH SOLE 0 0 1286 Starbucks Corp COM 855244109 678 7889 SH SOLE 0 0 7889 State Street Corp COM 857477103 350 5906 SH SOLE 0 0 5906 Stericycle Inc COM 858912108 3018 47857 SH SOLE 0 0 47857 Stryker Corp COM 863667101 267 1279 SH SOLE 0 0 1279 Sun Life Financial Inc COM 866796105 15247 374355 SH SOLE 0 0 374355 Sunnova Energy Intl Inc COM 86745K104 117879 3876340 SH SOLE 0 0 3876340 Taiwan Semiconductor Mfg Ltd COM 874039100 9016 111211 SH SOLE 0 0 111211 Takeda Pharmaceutical Co Ltd S COM 874060205 2651 148607 SH SOLE 0 0 148607 Target Corp COM 87612E106 18816 119528 SH SOLE 0 0 119528 TCF Financial Corporation New COM 872307103 2023 86584 SH SOLE 0 0 86584 Teleflex Inc COM 879369106 624 1834 SH SOLE 0 0 1834 Texas Instruments Inc COM 882508104 85138 596247 SH SOLE 0 0 596247 Thermo Fisher Scientific Inc COM 883556102 17508 39653 SH SOLE 0 0 39653 Total SE COM 89151E109 651 18967 SH SOLE 0 0 18967 Tradeweb Mkts Inc Cl A COM 892672106 2980 51381 SH SOLE 0 0 51381 Trane Technologies Plc COM G8994E103 661 5454 SH SOLE 0 0 5454 Twitter Inc COM 90184L102 40629 913008 SH SOLE 0 0 913008 Ulta Beauty Inc COM 90384S303 318 1422 SH SOLE 0 0 1422 Unilever PLC COM 904767704 4963 80467 SH SOLE 0 0 80467 Union Pacific Corp COM 907818108 18907 96037 SH SOLE 0 0 96037 United Parcel Service Inc COM 911312106 40111 240718 SH SOLE 0 0 240718 United Rentals Inc COM 911363109 2950 16903 SH SOLE 0 0 16903 UnitedHealth Group Inc COM 91324P102 39855 127836 SH SOLE 0 0 127836 Upland Software Inc COM 91544A109 2772 73540 SH SOLE 0 0 73540 Vaneck Vectors ETF Tr COM 92189F437 3575 120223 SH SOLE 0 0 120223 Vanguard Index Fds Large Cap E COM 922908637 313 2000 SH SOLE 0 0 2000 Vanguard Total Stock Market ET COM 922908769 815 4785 SH SOLE 0 0 4785 Veeva Systems Inc COM 922475108 411 1461 SH SOLE 0 0 1461 Vereit Inc COM 92339V100 120 18402 SH SOLE 0 0 18402 VeriSign Inc COM 92343E102 263 1282 SH SOLE 0 0 1282 Verizon Communications Inc COM 92343V104 36941 620954 SH SOLE 0 0 620954 Vertex Pharmaceuticals Inc COM 92532F100 10099 37113 SH SOLE 0 0 37113 Visa Inc COM 92826C839 29451 147276 SH SOLE 0 0 147276 Wal-Mart Stores Inc COM 931142103 559 3998 SH SOLE 0 0 3998 Wells Fargo Co COM 949746101 31620 1344965 SH SOLE 0 0 1344965 Western Union Co COM 959802109 19275 899444 SH SOLE 0 0 899444 Westpac Banking Corp COM 961214301 2548 211636 SH SOLE 0 0 211636 White Mountains Ins Group Ltd COM G9618E107 2669 3426 SH SOLE 0 0 3426 Workday Inc COM 98138H101 310 1439 SH SOLE 0 0 1439 Yandex NV COM N97284108 1191 18257 SH SOLE 0 0 18257 Yeti Holdings Inc COM 98585X104 467 10312 SH SOLE 0 0 10312 Yum Brands Inc COM 988498101 670 7339 SH SOLE 0 0 7339 Yum China Holdings Inc COM 98850P109 419 7921 SH SOLE 0 0 7921