0001278249-23-000004.txt : 20230426 0001278249-23-000004.hdr.sgml : 20230426 20230426115644 ACCESSION NUMBER: 0001278249-23-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230426 DATE AS OF CHANGE: 20230426 EFFECTIVENESS DATE: 20230426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER BRIDGE ADVISORS CENTRAL INDEX KEY: 0001278249 IRS NUMBER: 233096014 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 23848114 BUSINESS ADDRESS: STREET 1: 101 WEST ELM STREET STREET 2: SUITE 355 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6102602200 MAIL ADDRESS: STREET 1: 101 WEST ELM STREET STREET 2: STE 355 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001278249 XXXXXXXX 03-31-2023 03-31-2023 TOWER BRIDGE ADVISORS

101 WEST ELM STREET STE 355 CONSHOHOCKEN PA 19428

13F HOLDINGS REPORT 028-10708 N Jeffrey Kachel 6102602205 Jeffrey Kachel Conshohocken PA 04-26-2023 0 242 1221275664 false INFORMATION TABLE 2 aci_13f.xml 1/100 BERKSHIRE HTWY COMMON 084990175 465600 100 SH SOLE 100 0 0 3M CO. COMMON 88579Y101 3030637 28833 SH SOLE 1 23533 0 5300 A T & T INC (NEW) COMMON 00206R102 2691785 139833 SH SOLE 1 127587 0 12246 ABBOTT LABS COMMON 002824100 6136862 60605 SH SOLE 1 48107 0 12498 ABBVIE INC COMMON 00287Y109 8828939 55399 SH SOLE 1 50028 0 5371 ACCENTURE PLC COMMON G1151C101 32657508 114263 SH SOLE 1 78789 0 35474 ADOBE SYS INC COMMON 00724F101 9327881 24205 SH SOLE 1 19321 0 4884 ADVANCED MICRO DEVICE COMMON 007903107 416542 4250 SH SOLE 4250 0 0 AFLAC INC COMMON 001055102 1015093 15733 SH SOLE 15733 0 0 AIR PRODS & CHEMS INC COMMON 009158106 11053851 38487 SH SOLE 1 34472 0 4015 AKAMAI TECHNOLOGIES I COMMON 00971T101 3141631 40123 SH SOLE 1 34518 0 5605 ALLSTATE CORP COMMON 020002101 808359 7295 SH SOLE 7295 0 0 ALPHABET CLASS A COMMON 02079K305 17586592 169542 SH SOLE 1 123512 0 46030 ALPHABET CLASS C COMMON 02079K107 33473960 321865 SH SOLE 1 240909 0 80956 AMAZON COM INC COMMON 023135106 5159129 49948 SH SOLE 1 36688 0 13260 AMERICAN BALANCED FD MUTUAL 024071102 223328 7581 SH SOLE 0 0 7581 AMERICAN ELECTRIC POW COMMON 025537101 703808 7735 SH SOLE 4935 0 2800 AMERICAN EXPRESS CO. COMMON 025816109 2668396 16177 SH SOLE 1 13074 0 3103 AMERICAN WTR WKS CO I COMMON 030420103 398160 2718 SH SOLE 2718 0 0 AMERIPRISE FINL INC COMMON 03076C106 2509929 8189 SH SOLE 8189 0 0 AMGEN INC COMMON 031162100 4233284 17511 SH SOLE 1 17111 0 400 ANALOG DEVICES INC COMMON 032654105 8197252 41564 SH SOLE 1 30592 0 10972 AON PLC SHS CL A COMMON G0403H108 16430708 52113 SH SOLE 1 39618 0 12495 APPLE INC COMMON 037833100 66358451 402416 SH SOLE 1 321528 0 80888 APPLIED MATLS INC COMMON 038222105 322429 2625 SH SOLE 1275 0 1350 ASTRAZENECA PLC COMMON 046353108 268131 3863 SH SOLE 1 3863 0 0 AUTOMATIC DATA PROCES COMMON 053015103 8214156 36896 SH SOLE 1 24040 0 12856 BANK OF AMERICA CORP COMMON 060505104 2174143 76019 SH SOLE 76019 0 0 BANK OF AMERICA PFD D PREFERR 060505625 5228615 249219 SH SOLE 1 190379 0 58840 BAXTER INTERNATIONAL COMMON 071813109 421134 10383 SH SOLE 1 10383 0 0 BECTON DICKINSON & CO COMMON 075887109 24181904 97689 SH SOLE 1 73025 0 24664 BERKSHIRE HATHAWAY IN COMMON 084670702 7697945 24931 SH SOLE 1 23400 0 1531 BERKSHIRE HATHAWAY IN COMMON 084670108 465600 1 SH SOLE 1 0 0 BEST BUY INC COMMON 086516101 3236258 41347 SH SOLE 1 28507 0 12840 BK OF AMERICA CORP PF PREFERR 060505633 1025851 48983 SH SOLE 1 28283 0 20700 BLACKROCK INC COMMON 09247X101 1152225 1722 SH SOLE 1 1533 0 189 BLACKROCK NATL MUN FD MUTUAL 09253C744 105255 10411 SH SOLE 10411 0 0 BLACKSTONE GROUP INC COMMON 09260D107 1521740 17324 SH SOLE 1 14532 0 2792 BOEING CO. COMMON 097023105 1372935 6463 SH SOLE 1 6163 0 300 BOOZ ALLEN HAMILTON H COMMON 099502106 1851483 19975 SH SOLE 1 14650 0 5325 BP PLC ADR COMMON 055622104 493296 13002 SH SOLE 1 13002 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 6260564 90327 SH SOLE 1 80342 0 9985 BROADCOM INC COM COMMON 11135F101 8068007 12576 SH SOLE 12554 0 22 BROWN & BROWN INC COMMON 115236101 8417083 146588 SH SOLE 1 100653 0 45935 CAMPBELL SOUP CO COMMON 134429109 383760 6980 SH SOLE 1 6980 0 0 CANNABIX TECHNOLOGIES COMMON 13765L101 5664 21000 SH SOLE 21000 0 0 CARRIER GLOBAL CORPOR COMMON 14448C104 877439 19179 SH SOLE 1 10939 0 8240 CATERPILLAR INC COMMON 149123101 2230046 9745 SH SOLE 1 7845 0 1900 CDN IMPERIAL BK COMM COMMON 136069101 322986 7614 SH SOLE 7614 0 0 CDW CORP COMMON 12514G108 2397147 12300 SH SOLE 12300 0 0 CHEVRON CORP COMMON 166764100 15283188 93670 SH SOLE 1 73645 0 20025 CHUBB LIMITED COMMON H1467J104 334960 1725 SH SOLE 1064 0 661 CHURCH & DWIGHT CO. COMMON 171340102 318276 3600 SH SOLE 0 0 3600 CICERO INC COMMON 171708100 5 50000 SH SOLE 0 0 50000 CIGNA CORP NEW COM COMMON 125523100 625793 2449 SH SOLE 2449 0 0 CISCO SYSTEMS INC COMMON 17275R102 10625535 203262 SH SOLE 1 161728 0 41534 CITIGROUP INC COMMON 172967424 412827 8804 SH SOLE 1 8688 0 116 CME GROUP INC COM COMMON 12572Q105 966027 5044 SH SOLE 1 4488 0 556 COCA COLA CO. COMMON 191216100 12657718 204058 SH SOLE 1 164896 0 39162 COGNIZANT TECHNOLOGY COMMON 192446102 683452 11217 SH SOLE 1 9317 0 1900 COLGATE PALMOLIVE CO COMMON 194162103 4221401 56173 SH SOLE 1 43373 0 12800 COMCAST CORP NEW CL A COMMON 20030N101 3715370 98005 SH SOLE 1 70585 0 27420 COMMERCIAL METALS CO COMMON 201723103 489000 10000 SH SOLE 10000 0 0 CONOCOPHILLIPS COMMON 20825C104 1531703 15439 SH SOLE 1 13555 0 1884 CONSOLIDATED EDISON I COMMON 209115104 239749 2506 SH SOLE 1 1100 0 1406 CONSTELLATION BRANDS COMMON 21036P108 5110535 22624 SH SOLE 1 17219 0 5405 CORNING INC COMMON 219350105 1208199 34246 SH SOLE 1 34246 0 0 CORTEVA INC COM COMMON 22052L104 1105543 18331 SH SOLE 1 18065 0 266 COSTCO WHOLESALE COMMON 22160K105 9641265 19404 SH SOLE 1 11924 0 7480 CRA CCM ALTERNATIVE I MUTUAL 20368N400 627465 79026 SH SOLE 0 0 79026 CROWN CASTLE INTL COR COMMON 22822V101 6118897 45718 SH SOLE 1 34293 0 11425 CSX CORP COMMON 126408103 2193824 73274 SH SOLE 73274 0 0 CULLEN FROST BANKERS COMMON 229899109 4270484 40540 SH SOLE 1 27940 0 12600 CVS HEALTH CORP. COMMON 126650100 17598074 236820 SH SOLE 1 174073 0 62747 DANAHER CORP COMMON 235851102 20636111 81876 SH SOLE 1 56033 0 25843 DARDEN RESTAURANTS IN COMMON 237194105 232740 1500 SH SOLE 1500 0 0 DEERE & CO. COMMON 244199105 2582564 6255 SH SOLE 6255 0 0 DIAGEO PLC COMMON 25243Q205 13419640 74068 SH SOLE 1 53938 0 20130 DIGITAL REALTY TRUST COMMON 253868103 2307827 23475 SH SOLE 1 19705 0 3770 DOMINION RES INC VA COMMON 25746U109 786547 14068 SH SOLE 1 14068 0 0 DOVER CORP COMMON 260003108 359642 2367 SH SOLE 2367 0 0 DOW INC COM COMMON 260557103 894662 16320 SH SOLE 1 15904 0 416 DUKE ENERGY CORPORATI COMMON 26441C204 1750352 18144 SH SOLE 1 15744 0 2400 DUPONT DE NEMOURS INC COMMON 26614N102 561395 7822 SH SOLE 1 7406 0 416 EATON CORP PLC SHS COMMON G29183103 5358316 31273 SH SOLE 1 30211 0 1062 EATON VANCE NATL MUNS MUTUAL 27826L249 116174 12587 SH SOLE 12587 0 0 EMERSON ELECTRIC CO COMMON 291011104 822079 9434 SH SOLE 1 7765 0 1669 ENBRIDGE INC COMMON 29250N105 3661294 95971 SH SOLE 1 87846 0 8125 ENTERPRISE PRODS PART COMMON 293792107 5361041 206990 SH SOLE 1 133650 0 73340 EOG RESOURCES INC COMMON 26875P101 223529 1950 SH SOLE 1 1800 0 150 EQUINIX INC COM COMMON 29444U700 414598 575 SH SOLE 1 345 0 230 ESSENTIAL UTILS INC C COMMON 29670G102 822718 18848 SH SOLE 1 16723 0 2125 EXPEDIA INC DEL COMMON 30212P303 556952 5740 SH SOLE 1 3490 0 2250 EXXON MOBIL COMMON 30231G102 11540393 105238 SH SOLE 1 83576 0 21662 FEDERATED HERMES HI I MUTUAL 314195405 109990 17000 SH SOLE 17000 0 0 FEDEX CORP COMMON 31428X106 8227468 36008 SH SOLE 1 28843 0 7165 FOOT LOCKER INC COMMON 344849104 238140 6000 SH SOLE 6000 0 0 FORTUNE BRANDS HOME & COMMON 34964C106 672635 11453 SH SOLE 1 8653 0 2800 FULTON FINL CORP PA COMMON 360271100 187441 13563 SH SOLE 13563 0 0 GE HEALTHCARE TECHNOL COMMON 36266G107 469731 5726 SH SOLE 1 5331 0 395 GENERAL ELECTRIC CO C COMMON 369604301 1825578 19096 SH SOLE 1 17904 0 1192 GENERAL MILLS INC COMMON 370334104 1810043 21180 SH SOLE 1 18980 0 2200 GILEAD SCIENCES INC COMMON 375558103 282492 3405 SH SOLE 1 3405 0 0 GOLDMAN SACHS GROUP I COMMON 38141G104 232248 710 SH SOLE 1 585 0 125 GOLDMAN SACHS GROUP I PREFERR 38144G804 754677 36300 SH SOLE 1 21634 0 14666 GOLDMAN SACHS GROUP I PREFERR 38143Y665 9645326 465508 SH SOLE 1 363308 0 102200 GSK PLC SPONSORED ADR COMMON 37733W204 249202 7004 SH SOLE 1 7004 0 0 HERSHEY FOODS CORP COMMON 427866108 2035280 8000 SH SOLE 1 2700 0 5300 HOME DEPOT INC COMMON 437076102 9480730 32125 SH SOLE 1 23964 0 8161 HONEYWELL INTL INC COMMON 438516106 9788593 51217 SH SOLE 1 40748 0 10469 ILLINOIS TOOL WORKS I COMMON 452308109 2924808 12014 SH SOLE 1 10714 0 1300 ILLUMINA INC COMMON 452327109 302315 1300 SH SOLE 1 1300 0 0 INT'L BUSINESS MACHIN COMMON 459200101 3656100 27890 SH SOLE 1 21810 0 6080 INTEL CORP COMMON 458140100 2384257 72980 SH SOLE 1 60372 0 12608 INTERCONTINENTAL EXCH COMMON 45866F104 4244603 40700 SH SOLE 1 29790 0 10910 INTERNATIONAL PAPER C COMMON 460146103 210049 5825 SH SOLE 5825 0 0 IQVIA HOLDINGS INC COMMON 46266C105 24039437 120868 SH SOLE 1 89746 0 31122 J P MORGAN CHASE & CO COMMON 46625H100 22716002 174323 SH SOLE 1 142179 0 32144 JACOBS SOLUTIONS INC COMMON 46982L108 22429369 190872 SH SOLE 1 151737 0 39135 JOHNSON CONTROLS INTL COMMON G51502105 261596 4344 SH SOLE 1 4344 0 0 JOHNSON & JOHNSON COMMON 478160104 29823402 192409 SH SOLE 1 160612 0 31797 KELLOGG CO. COMMON 487836108 419839 6270 SH SOLE 1 770 0 5500 KEYCORP COMMON 493267108 1585032 126600 SH SOLE 1 104250 0 22350 KIMBERLY CLARK CORP COMMON 494368103 2365896 17627 SH SOLE 1 17627 0 0 KRAIG BIOCRAFT LABORA COMMON 50075W104 4500 100000 SH SOLE 1 100000 0 0 L3 HARRIS TECHNOLOGIE COMMON 502431109 5368145 27355 SH SOLE 1 23780 0 3575 LAM RESEARCH CORP COM COMMON 512807108 1581348 2983 SH SOLE 2967 0 16 LEIDOS HLDGS INC COMMON 525327102 3336807 36246 SH SOLE 1 31946 0 4300 LENNAR CORP COMMON 526057104 9492812 90313 SH SOLE 1 71042 0 19271 LILLY, ELI AND CO COMMON 532457108 2057773 5992 SH SOLE 5372 0 620 LINDE PLC SHS COMMON G54950103 4352363 12245 SH SOLE 1 9450 0 2795 LOCKHEED MARTIN CORP COMMON 539830109 2761689 5842 SH SOLE 5842 0 0 LORD ABBETT SHT DUR I MUTUAL 543916100 94183 24400 SH SOLE 24400 0 0 LOWE'S COS INC COMMON 548661107 18435905 92193 SH SOLE 1 70828 0 21365 LYONDELLBASELL INDUST COMMON N53745100 694786 7400 SH SOLE 7400 0 0 MAGELLAN MIDSTREAM PA COMMON 559080106 569730 10500 SH SOLE 6500 0 4000 MARATHON PETE CORP COMMON 56585A102 590555 4380 SH SOLE 4380 0 0 MARSH & MCLENNAN COS COMMON 571748102 455514 2735 SH SOLE 35 0 2700 MASTERCARD INC CL A COMMON 57636Q104 217683 599 SH SOLE 499 0 100 MCCORMICK & CO INC COMMON 579780206 241309 2900 SH SOLE 2900 0 0 MCCORMICK & CO INC CO COMMON 579780107 330400 4000 SH SOLE 0 0 4000 MCDONALD'S CORP COMMON 580135101 26824106 95934 SH SOLE 1 73592 0 22342 MEDTRONIC PLC COMMON G5960L103 5674197 70382 SH SOLE 1 49639 0 20743 MERCK & COMPANY COMMON 58933Y105 6910669 64956 SH SOLE 1 57275 0 7681 META PLATFORMS INC COMMON 30303M102 8138072 38398 SH SOLE 1 26815 0 11583 METLIFE INC COMMON 59156R108 204818 3535 SH SOLE 3535 0 0 METLIFE INC 4.0 percent PFD PREFERR 59156R504 3281855 137604 SH SOLE 115353 0 22251 MICROSOFT CORP COMMON 594918104 73650229 255464 SH SOLE 1 197836 0 57628 MOBILEYE GLOBAL INC C COMMON 60741F104 216350 5000 SH SOLE 5000 0 0 MONDELEZ INTL INC COMMON 609207105 8388153 120312 SH SOLE 1 93719 0 26593 MOODYS CORP COMMON 615369105 11467024 37471 SH SOLE 1 26001 0 11470 MORGAN STANLEY COMMON 617446448 223188 2542 SH SOLE 2542 0 0 MORGAN STANLEY PFD A PREFERR 61747S504 1861450 89795 SH SOLE 1 71195 0 18600 NETFLIX COM INC COMMON 64110L106 2356865 6822 SH SOLE 1 6600 0 222 NEXTERA ENERGY INC COMMON 65339F101 5507751 71455 SH SOLE 1 70060 0 1395 NIKE INC CL B COMMON 654106103 8650412 70535 SH SOLE 1 55847 0 14688 NORFOLK SOUTHERN CORP COMMON 655844108 2790132 13161 SH SOLE 1 11311 0 1850 NOVARTIS ADR COMMON 66987V109 9719708 105649 SH SOLE 1 77294 0 28355 NUCOR CORP COMMON 670346105 278046 1800 SH SOLE 1 1800 0 0 NVIDIA CORP COMMON 67066G104 6415931 23098 SH SOLE 1 3473 0 19625 NXP SEMICONDUCTORS N COMMON N6596X109 2597037 13927 SH SOLE 1 11857 0 2070 ONEOK INC NEW COMMON 682680103 6305900 99243 SH SOLE 1 80008 0 19235 ORACLE SYS CORP COMMON 68389X105 28229365 303803 SH SOLE 1 241258 0 62545 OTIS WORLDWIDE CORP C COMMON 68902V107 553495 6558 SH SOLE 1 3796 0 2762 PARKER HANNIFIN CORP COMMON 701094104 1045638 3111 SH SOLE 3111 0 0 PAYPAL HLDGS INC COMMON 70450Y103 1844051 24283 SH SOLE 1 20229 0 4054 PEPSICO INC COMMON 713448108 21582642 118391 SH SOLE 1 89794 0 28597 PFIZER INC COMMON 717081103 7310503 179179 SH SOLE 1 168984 0 10195 PHILIP MORRIS INTL IN COMMON 718172109 415647 4274 SH SOLE 1 3274 0 1000 PHILLIPS 66 COMMON 718546104 1582035 15605 SH SOLE 1 15605 0 0 PIONEER NATURAL RES C COMMON 723787107 7460479 36528 SH SOLE 1 27913 0 8615 PNC FINANCIAL CORP COMMON 693475105 1661828 13075 SH SOLE 1 13075 0 0 PPG INDUSTRIES INC COMMON 693506107 1215578 9100 SH SOLE 1 7500 0 1600 PPL CORP COMMON 69351T106 458591 16502 SH SOLE 1 16502 0 0 PROCTER & GAMBLE CO COMMON 742718109 15544043 104540 SH SOLE 1 80410 0 24130 PROLOGIS INC COM COMMON 74340W103 990799 7941 SH SOLE 1 7941 0 0 PRUDENTIAL FINL INC COMMON 744320102 658622 7960 SH SOLE 7960 0 0 QUALCOMM INC COMMON 747525103 8044302 63053 SH SOLE 1 53328 0 9725 QUANEX BLDG PRODS COR COMMON 747619104 279890 13000 SH SOLE 13000 0 0 RAYMOND JAMES FINANCI COMMON 754730109 3467685 37179 SH SOLE 1 17100 0 20079 REGAL BELOIT CORP COM COMMON 758750103 422190 3000 SH SOLE 3000 0 0 REGENERON PHARMACEUTI COMMON 75886F107 424803 517 SH SOLE 1 117 0 400 RESTAURANT BRANDS INT COMMON 76131D103 399483 5950 SH SOLE 1 3050 0 2900 ROCHE HLDG LTD ADR COMMON 771195104 3017150 84501 SH SOLE 74466 0 10035 ROPER INDS INC NEW CO COMMON 776696106 2955267 6706 SH SOLE 1 6354 0 352 RPM INC OHIO COMMON 749685103 261720 3000 SH SOLE 3000 0 0 SCHWAB CHARLES CORP COMMON 808513105 12375404 236262 SH SOLE 1 162537 0 73725 SCHWAB S&P 500 INDEX MUTUAL 808509855 228758 3622 SH SOLE 3622 0 0 SHELL PLC SPON ADS COMMON 780259305 201793 3507 SH SOLE 1947 0 1560 SIMON PPTY GROUP INC COMMON 828806109 3559526 31790 SH SOLE 1 28125 0 3665 SIMPSON MFG INC COMMON 829073105 1206040 11000 SH SOLE 11000 0 0 SKYWORKS SOLUTIONS IN COMMON 83088M102 377536 3200 SH SOLE 3200 0 0 SPROTT PHYSICAL GOLD COMMON 85207H104 363310 23500 SH SOLE 23500 0 0 SPROTT PHYSICAL GOLD COMMON 85208R101 847168 44800 SH SOLE 44800 0 0 STANLEY BLACK AND DEC COMMON 854502101 240773 2988 SH SOLE 1 2988 0 0 STARBUCKS CORP COMMON 855244109 2340009 22472 SH SOLE 1 20261 0 2211 STATE STREET CORP COMMON 857477103 641473 8475 SH SOLE 1 5000 0 3475 STEEL DYNAMICS INC CO COMMON 858119100 1526310 13500 SH SOLE 13500 0 0 S&P GLOBAL INC COM COMMON 78409V104 5391858 15639 SH SOLE 1 12234 0 3405 T MOBILE US INC COMMON 872590104 6539961 45153 SH SOLE 1 31878 0 13275 TAIWAN SEMICONDUCTOR COMMON 874039100 1562736 16800 SH SOLE 1 13475 0 3325 TESLA MTRS INC COMMON 88160R101 990621 4775 SH SOLE 1 4775 0 0 TEXAS INSTRUMENTS INC COMMON 882508104 2014302 10829 SH SOLE 1 8829 0 2000 TEXAS PACIFIC LAND CO COMMON 88262P102 3740543 2199 SH SOLE 1950 0 249 THERMO FISHER SCIENTI COMMON 883556102 26574742 46107 SH SOLE 1 41122 0 4985 THOR INDS INC COMMON 885160101 780074 9795 SH SOLE 9795 0 0 TOLL BROTHERS INC COMMON 889478103 8064910 134348 SH SOLE 1 102108 0 32240 TORONTO DOMINION BK O COMMON 891160509 662374 11058 SH SOLE 11058 0 0 TRACTOR SUPPLY CO COMMON 892356106 1216332 5175 SH SOLE 1 75 0 5100 TRANE TECHNOLOGIES PL COMMON G8994E103 925971 5033 SH SOLE 1 5033 0 0 TRUIST FINANCIAL CORP COMMON 89832Q109 10562918 309763 SH SOLE 1 238012 0 71751 UDR INC COMMON 902653104 209406 5100 SH SOLE 5100 0 0 UNILEVER PLC ADR COMMON 904767704 1353659 26067 SH SOLE 1 11843 0 14224 UNION PACIFIC CORP COMMON 907818108 6393426 31767 SH SOLE 1 23737 0 8030 UNITED PARCEL SVC INC COMMON 911312106 8658356 44633 SH SOLE 1 41290 0 3343 UNITEDHEALTH GROUP IN COMMON 91324P102 7667300 16224 SH SOLE 1 13547 0 2677 US BANCORP DEL 5.56 percent PREFERR 902973155 8237584 430836 SH SOLE 1 333621 0 97215 V F CORP COMMON 918204108 542165 23665 SH SOLE 1 23665 0 0 VALLEY NATL BANCORP C COMMON 919794107 332640 36000 SH SOLE 36000 0 0 VANGUARD BD INDEX FD MUTUAL 921937801 207892 20047 SH SOLE 1 15065 0 4983 VANGUARD MUN BD FD IN MUTUAL 922907860 215888 19990 SH SOLE 19990 0 0 VANGUARD MUN BD FD IN MUTUAL 922907704 1077019 100002 SH SOLE 100002 0 0 VANGUARD PA TAX FREE MUTUAL 92204L302 180933 16815 SH SOLE 16815 0 0 VANGUARD STAR FD TL I MUTUAL 921909818 521420 17586 SH SOLE 17586 0 0 VANGUARD TAX-MANAGED MUTUAL 921943866 934758 4409 SH SOLE 4409 0 0 VANGUARD US GROWTH FU MUTUAL 921910600 441192 3760 SH SOLE 1 3760 0 0 VANGUARD/PRIMECAP FD MUTUAL 921936209 504270 3603 SH SOLE 2102 0 1500 VANGUARD/WELLINGTON F MUTUAL 921935201 872724 12800 SH SOLE 1 0 0 12800 VERIZON COMMUNICATION COMMON 92343V104 8134840 209176 SH SOLE 1 167002 0 42174 VERTEX PHARMACEUTICAL COMMON 92532F100 315070 1000 SH SOLE 1 1000 0 0 VISA INC COMMON 92826C839 29549013 131061 SH SOLE 1 89183 0 41878 WAL MART STORES INC COMMON 931142103 9581891 64984 SH SOLE 1 49334 0 15650 WALT DISNEY COMPANY COMMON 254687106 11502334 114874 SH SOLE 1 84639 0 30235 WASTE MGMT INC DEL COMMON 94106L109 3076897 18857 SH SOLE 18679 0 178 WATSCO INC COMMON 942622200 7561709 23767 SH SOLE 1 19044 0 4723 WEC ENERGY GROUP INC COMMON 92939U106 210055 2216 SH SOLE 1 1631 0 585 WELLS FARGO & CO COMMON 949746101 4592507 122860 SH SOLE 1 99550 0 23310 WELLTOWER INC COMMON 95040Q104 347697 4850 SH SOLE 4850 0 0 WEYERHAEUSER CO COMMON 962166104 394402 13090 SH SOLE 1 11975 0 1115 WSFS FINL CORP COMMON 929328102 309606 8232 SH SOLE 1400 0 6832 YUM BRANDS INC COMMON 988498101 350144 2651 SH SOLE 1 2651 0 0 ZETA GLOBAL HOLDINGS COMMON 98956A105 216600 20000 SH SOLE 20000 0 0