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
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
ABBOTT LABS COM 002824100 1,571 14,350 SH   DFND   0 0 14,350
ABBVIE INC COM 00287Y109 6,606 61,650 SH   DFND   0 0 61,650
ALTRIA GROUP INC COM 02209S103 1,356 33,081 SH   DFND   0 0 33,081
ANALOG DEVICES INC COM 032654105 2,469 16,715 SH   DFND   0 0 16,715
AUTOMATIC DATA PROCESSING IN COM 053015103 8,334 47,300 SH   DFND   0 0 47,300
BK OF AMERICA CORP COM 060505104 5,667 186,961 SH   DFND   0 0 186,961
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,976 12,900 SH   DFND   0 0 12,900
CDK GLOBAL INC COM 12508E101 309 5,963 SH   DFND   0 0 5,963
CHEVRON CORP NEW COM 166764100 401 4,750 SH   DFND   0 0 4,750
CISCO SYS INC COM 17275R102 1,884 42,100 SH   DFND   0 0 42,100
CITIGROUP INC COM NEW 172967424 1,156 18,744 SH   DFND   0 0 18,744
COCA COLA CO COM 191216100 2,067 37,690 SH   DFND   0 0 37,690
COLGATE PALMOLIVE CO COM 194162103 285 3,332 SH   DFND   0 0 3,332
COMCAST CORP NEW CL A 20030N101 576 10,998 SH   DFND   0 0 10,998
CONOCOPHILLIPS COM 20825C104 208 5,200 SH   DFND   0 0 5,200
CROWN CASTLE INTL CORP NEW COM 22822V101 414 2,600 SH   DFND   0 0 2,600
EBAY INC. COM 278642103 2,814 56,000 SH   DFND   0 0 56,000
FEDEX CORP COM 31428X106 4,783 18,425 SH   DFND   0 0 18,425
GENERAL ELECTRIC CO COM 369604103 110 10,183 SH   DFND   0 0 10,183
GOLDMAN SACHS GROUP INC COM 38141G104 3,457 13,109 SH   DFND   0 0 13,109
HOME DEPOT INC COM 437076102 3,612 13,600 SH   DFND   0 0 13,600
ILLINOIS TOOL WKS INC COM 452308109 265 1,298 SH   DFND   0 0 1,298
INTEL CORP COM 458140100 199 4,000 SH   DFND   0 0 4,000
INTERNATIONAL BUSINESS MACHS COM 459200101 1,987 15,782 SH   DFND   0 0 15,782
ISTAR INC COM 45031U101 817 55,000 SH   DFND   0 0 55,000
JPMORGAN CHASE & CO COM 46625H100 4,815 37,890 SH   DFND   0 0 37,890
KINDER MORGAN INC DEL COM 49456B101 5,891 430,966 SH   DFND   0 0 430,966
LILLY ELI & CO COM 532457108 1,047 6,200 SH   DFND   0 0 6,200
LINDE PLC SHS G5494J103 422 1,600 SH   DFND   0 0 1,600
LOWES COS INC COM 548661107 321 2,000 SH   DFND   0 0 2,000
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,111 26,182 SH   DFND   0 0 26,182
MICROSOFT CORP COM 594918104 14,602 65,650 SH   DFND   0 0 65,650
MONDELEZ INTL INC CL A 609207105 407 6,954 SH   DFND   0 0 6,954
PAYPAL HLDGS INC COM 70450Y103 9,548 40,770 SH   DFND   0 0 40,770
PFIZER INC COM 717081103 2,569 69,800 SH   DFND   0 0 69,800
PHILIP MORRIS INTL INC COM 718172109 1,271 15,350 SH   DFND   0 0 15,350
PROCTER AND GAMBLE CO COM 742718109 242 1,736 SH   DFND   0 0 1,736
QUALCOMM INC COM 747525103 9,407 61,750 SH   DFND   0 0 61,750
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 229 5,500 SH   DFND   0 0 5,500
VIATRIS INC COM 92556V106 2,478 132,254 SH   DFND   0 0 132,254
VISA INC COM CL A 92826C839 16,105 73,629 SH   DFND   0 0 73,629
VORNADO RLTY TR SH BEN INT 929042109 211 5,639 SH   DFND   0 0 5,639
WALMART INC COM 931142103 3,993 27,700 SH   DFND   0 0 27,700
WILLIAMS COS INC COM 969457100 6,061 302,300 SH   DFND   0 0 302,300
WYNDHAM DESTINATIONS INC COM 98310W108 1,462 32,600 SH   DFND   0 0 32,600
WYNDHAM HOTELS & RESORTS INC COM 98311A105 1,985 33,400 SH   DFND   0 0 33,400