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 1,720 14,350 SH   DFND   0 0 14,350
ABBVIE INC COM 00287Y109 6,672 61,650 SH   DFND   0 0 61,650
ALTRIA GROUP INC COM 02209S103 1,592 31,121 SH   DFND   0 0 31,121
ANALOG DEVICES INC COM 032654105 2,592 16,715 SH   DFND   0 0 16,715
AUTOMATIC DATA PROCESSING IN COM 053015103 8,786 46,618 SH   DFND   0 0 46,618
BK OF AMERICA CORP COM 060505104 7,234 186,961 SH   DFND   0 0 186,961
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,975 12,900 SH   DFND   0 0 12,900
CDK GLOBAL INC COM 12508E101 322 5,963 SH   DFND   0 0 5,963
CHEVRON CORP NEW COM 166764100 498 4,750 SH   DFND   0 0 4,750
CISCO SYS INC COM 17275R102 2,177 42,100 SH   DFND   0 0 42,100
CITIGROUP INC COM NEW 172967424 1,364 18,744 SH   DFND   0 0 18,744
COCA COLA CO COM 191216100 1,987 37,690 SH   DFND   0 0 37,690
COLGATE PALMOLIVE CO COM 194162103 263 3,332 SH   DFND   0 0 3,332
COMCAST CORP NEW CL A 20030N101 595 10,998 SH   DFND   0 0 10,998
CONOCOPHILLIPS COM 20825C104 275 5,200 SH   DFND   0 0 5,200
CROWN CASTLE INTL CORP NEW COM 22822V101 448 2,600 SH   DFND   0 0 2,600
EBAY INC. COM 278642103 3,429 56,000 SH   DFND   0 0 56,000
FEDEX CORP COM 31428X106 5,233 18,425 SH   DFND   0 0 18,425
GOLDMAN SACHS GROUP INC COM 38141G104 4,385 13,409 SH   DFND   0 0 13,409
HEALTHPEAK PROPERTIES INC COM 42250P103 203 6,411 SH   DFND   0 0 6,411
HOME DEPOT INC COM 437076102 4,151 13,600 SH   DFND   0 0 13,600
ILLINOIS TOOL WKS INC COM 452308109 288 1,298 SH   DFND   0 0 1,298
INTEL CORP COM 458140100 256 4,000 SH   DFND   0 0 4,000
INTERNATIONAL BUSINESS MACHS COM 459200101 2,103 15,782 SH   DFND   0 0 15,782
ISTAR INC COM 45031U101 978 55,000 SH   DFND   0 0 55,000
JPMORGAN CHASE & CO COM 46625H100 5,768 37,890 SH   DFND   0 0 37,890
KINDER MORGAN INC DEL COM 49456B101 7,176 430,966 SH   DFND   0 0 430,966
LILLY ELI & CO COM 532457108 1,158 6,200 SH   DFND   0 0 6,200
LINDE PLC SHS G5494J103 448 1,600 SH   DFND   0 0 1,600
LOWES COS INC COM 548661107 380 2,000 SH   DFND   0 0 2,000
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,135 26,182 SH   DFND   0 0 26,182
MICROSOFT CORP COM 594918104 15,337 65,050 SH   DFND   0 0 65,050
MONDELEZ INTL INC CL A 609207105 407 6,954 SH   DFND   0 0 6,954
PAYPAL HLDGS INC COM 70450Y103 9,888 40,720 SH   DFND   0 0 40,720
PFIZER INC COM 717081103 2,529 69,800 SH   DFND   0 0 69,800
PHILIP MORRIS INTL INC COM 718172109 1,362 15,350 SH   DFND   0 0 15,350
PROCTER AND GAMBLE CO COM 742718109 235 1,736 SH   DFND   0 0 1,736
QUALCOMM INC COM 747525103 8,187 61,750 SH   DFND   0 0 61,750
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 245 5,500 SH   DFND   0 0 5,500
TRAVEL PLUS LEISURE CO COM 894164102 1,994 32,600 SH   DFND   0 0 32,600
VIATRIS INC COM 92556V106 1,848 132,254 SH   DFND   0 0 132,254
VISA INC COM CL A 92826C839 15,462 73,029 SH   DFND   0 0 73,029
VORNADO RLTY TR SH BEN INT 929042109 256 5,639 SH   DFND   0 0 5,639
WALMART INC COM 931142103 3,762 27,700 SH   DFND   0 0 27,700
WILLIAMS COS INC COM 969457100 7,161 302,300 SH   DFND   0 0 302,300
WYNDHAM HOTELS & RESORTS INC COM 98311A105 2,331 33,400 SH   DFND   0 0 33,400