Top 20 Form 13F Holdings as of 12/31/18
Name of Issuer Market Value     (x$1000) % of 13F Holdings 12/31/18 Price
JOHNSON&JOHNSON 28,880 7.60% $129.05
MCDONALDS CORP 20,123 5.29% $177.57
ABBOTT LABS 16,611 4.37% $72.33
BERKSHIRE HATH-B 14,842 3.90% $204.18
ALTRIA GROUP INC 14,183 3.73% $49.39
DIAGEO PLC-ADR 13,768 3.62% $141.80
ABBVIE INC 12,844 3.38% $92.19
PEPSICO INC 12,716 3.34% $110.48
DOMINION ENERGY 12,468 3.28% $71.46
PHILIP MORRIS IN 12,359 3.25% $66.76
JPMORGAN CHASE 12,291 3.23% $97.62
HEINEKEN HLDG 12,026 3.16% $83.63
COCA-COLA CO/THE 11,870 3.12% $47.35
MONDELEZ INTER-A 11,177 2.94% $40.03
REGENCY CENTERS 10,737 2.82% $58.68
WALT DISNEY CO 10,711 2.82% $109.65
RETAIL OPPORTUNI 10,391 2.73% $15.88
EXXON MOBIL CORP 10,281 2.70% $68.19
TWENTY-FIRST - B 9,657 2.54% $47.78
APPLE INC 9,449 2.49% $157.74

For a complete list of 13F holdings, please see our most recent Form 13F filing on the following SEC website: http://www.sec.gov/edgar/searchedgar/companysearch.html

RBO claims compliance with the Global Investment Performance Standards (GIPS®). RBO has been independently verified for the periods January 1, 2004 through December 31, 2018. The verification report is available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite presentation. For a complete GIPS performance presentation and/or a list of all firm composite descriptions, please contact us directly.

RBO is an independent investment advisory firm established in 1980. RBO is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration does not imply a certain level of skill or training. RBO is headquartered in Saint Helena, CA.