Instuitional Investor - Rowland & Co Investment Counselv

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	133,713	$36,351,304	7.01%
2.	Alphabet Inc.	GOOGL	89,223	$27,998,446	5.4%
3.	Progressive Corp	PGR	106,454	$24,241,906	4.68%
4.	Microsoft Corp	MSFT	48,206	$23,313,772	4.5%
5.	Walmart Inc.	WMT	176,956	$19,714,722	3.8%