0001608057-23-000008.txt : 20231010 0001608057-23-000008.hdr.sgml : 20231010 20231010101724 ACCESSION NUMBER: 0001608057-23-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231010 DATE AS OF CHANGE: 20231010 EFFECTIVENESS DATE: 20231010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Curbstone Financial Management Corp CENTRAL INDEX KEY: 0001608057 IRS NUMBER: 020367417 STATE OF INCORPORATION: NH FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-16150 FILM NUMBER: 231316350 BUSINESS ADDRESS: STREET 1: 741 CHESTNUT STREET CITY: MANCHESTER STATE: NH ZIP: 03104 BUSINESS PHONE: 603-624-8462 MAIL ADDRESS: STREET 1: 741 CHESTNUT STREET CITY: MANCHESTER STATE: NH ZIP: 03104 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001608057 XXXXXXXX 09-30-2023 09-30-2023 Curbstone Financial Management Corp

741 CHESTNUT STREET MANCHESTER NH 03104

13F HOLDINGS REPORT 028-16150 000013348 801-67354 N Thomas M. Lewry 6036248462 Thomas M. Lewry MANCHESTER NH 10-10-2023 0 181 404284222 false INFORMATION TABLE 2 093023.xml Barings Corporate Investors (M BDFUND 06759X107 5930254 372036 SH SOLE 186018 0 186018 Barings Participation Inv (MPV BDFUND 06761A103 679773 50616 SH SOLE 25308 0 25308 IShares 0-5 Year Tips ETF (STI BDFUND 46429B747 2707945 27940 SH SOLE 13970 0 13970 IShares Dec 2023 Muni Bond ETF BDFUND 46435G318 606219 23750 SH SOLE 11875 0 11875 IShares Muni Bond 2024 ETF (IB BDFUND 46435U697 764277 29750 SH SOLE 14875 0 14875 Invesco Bulletshares 2023 Corp BDFUND 46138J866 3416077 160908 SH SOLE 80454 0 80454 Invesco Bulletshares 2024 Corp BDFUND 46138J841 4308661 208450 SH SOLE 104225 0 104225 Invesco Bulletshares 2025 Corp BDFUND 46138J825 1110675 55230 SH SOLE 27615 0 27615 SPDR Int Corporate Bond ETF (S BDFUND 78464A375 403189 12820 SH SOLE 6410 0 6410 SPDR Inv't Grade Floating Rate BDFUND 78468R200 14827377 482662 SH SOLE 241331 0 241331 SPDR Nuveen Barclays Shrt Term BDFUND 78468R739 1155750 25000 SH SOLE 12500 0 12500 Schwab Aggregate Bond ETF (SCH BDFUND 808524839 2120828 47950 SH SOLE 23975 0 23975 Schwab US Tips ETF (SCHP) BDFUND 808524870 5038902 99800 SH SOLE 49900 0 49900 VanEck Vectors Shrt Mun ETF (S BDFUND 92189F528 700980 42000 SH SOLE 21000 0 21000 Vanguard Intermediate Corp Bon BDFUND 92206C870 8045066 105884 SH SOLE 52942 0 52942 Vanguard ST Corp Bond ETF (VCS BDFUND 92206C409 18648773 248154 SH SOLE 124077 0 124077 Vanguard Tax-Exempt Bond Index BDFUND 922907746 555555 11550 SH SOLE 5775 0 5775 iShares 1-5 yr Inv Grade Corp BDFUND 464288646 6224265 124910 SH SOLE 62455 0 62455 iShares National Muni Bond (MU BDFUND 464288414 5387657 52542 SH SOLE 26271 0 26271 iShares Short Term Nat'l Muni BDFUND 464288158 4140115 40250 SH SOLE 20125 0 20125 iShares TIPS Bond Fund (TIP) BDFUND 464287176 5433296 52384 SH SOLE 26192 0 26192 Healthpeak Prop (PEAK) REIT 42250P103 491130 26750 SH SOLE 13375 0 13375 Schwab REIT ETF (SCHH) REIT 808524847 940750 53000 SH SOLE 26500 0 26500 Vanguard REIT Index ETF (VNQ) REIT 922908553 818641 10820 SH SOLE 5410 0 5410 Weyerhauser (WY) REIT 962166104 2175327 70950 SH SOLE 35475 0 35475 3M Company (MMM) COM 88579Y101 568086 6068 SH SOLE 3034 0 3034 A F L A C Inc. (AFL) COM 001055102 1125922 14670 SH SOLE 7335 0 7335 AT&T Inc. (T) COM 00206R102 571120 38024 SH SOLE 19012 0 19012 Abbott Laboratories (ABT) COM 002824100 2567106 26506 SH SOLE 13253 0 13253 Abbvie Inc (ABBV) COM 00287Y109 1693993 11365 SH SOLE 5682 0 5682 Accenture PLC (ACN) COM G1151C101 571225 1860 SH SOLE 930 0 930 Advanced Micro Devices Inc (AM COM 007903107 1008301 9806 SH SOLE 4903 0 4903 Aerovironment (AVAV) COM 008073108 930160 8340 SH SOLE 4170 0 4170 Air Prod & Chemicals (APD) COM 009158106 491982 1736 SH SOLE 868 0 868 Alphabet Class A (GOOGL) COM 02079K305 1018042 7780 SH SOLE 3890 0 3890 Alphabet Class C (GOOG) COM 02079K107 6559115 49747 SH SOLE 24873 0 24873 Amazon Com Inc (AMZN) COM 023135106 5200237 40908 SH SOLE 20454 0 20454 Amcor PLC ADR (AMCR) COM Q03080100 620865 67780 SH SOLE 33890 0 33890 Amgen Incorporated (AMGN) COM 031162100 540745 2012 SH SOLE 1006 0 1006 AppFolio (APPF) COM 03783c100 467533 2560 SH SOLE 1280 0 1280 Apple Computer (AAPL) COM 037833100 12660913 73950 SH SOLE 36975 0 36975 Auto Data Processing (ADP) COM 053015103 1214929 5050 SH SOLE 2525 0 2525 Autodesk Inc. (ADSK) COM 052769106 2009096 9710 SH SOLE 4855 0 4855 BWX Technologies (BWXT) COM 05605H100 772294 10300 SH SOLE 5150 0 5150 Bank of America Corp. (BAC) COM 060505104 645949 23592 SH SOLE 11796 0 11796 Bank of Montreal (BMO) COM 063671101 1150301 13634 SH SOLE 6817 0 6817 Bank of New York (BK) COM 064058100 467017 10950 SH SOLE 5475 0 5475 Becton Dickinson (BDX) COM 075887109 493275 1908 SH SOLE 954 0 954 Berkshire Hathaway Cl B (BRKB) COM 084670702 3526820 10068 SH SOLE 5034 0 5034 Boeing Company (BA) COM 097023105 541688 2826 SH SOLE 1413 0 1413 Bristol-Myers Squibb (BMY) COM 110122108 1226733 21136 SH SOLE 10568 0 10568 CSG Systems Int'l (CSGS) COM 126349109 1050516 20550 SH SOLE 10275 0 10275 CVS Health Corp. (CVS) COM 126650100 1884163 26986 SH SOLE 13493 0 13493 Canopy Growth Corp NPV (CGC) COM 138035100 16165 20650 SH SOLE 10325 0 10325 Carrier Global Corp (CARR) COM 14448C104 1284394 23268 SH SOLE 11634 0 11634 Celanese (CE) COM 150870103 1504232 11984 SH SOLE 5992 0 5992 Check Point Software Tech (CHK COM M22465104 2293482 17208 SH SOLE 8604 0 8604 Chevron Corp (CVX) COM 166764100 2370123 14056 SH SOLE 7028 0 7028 Chewy (CHWY) COM 16679L109 580851 31810 SH SOLE 15905 0 15905 Cisco Systems Inc. (CSCO) COM 17275R102 4325530 80460 SH SOLE 40230 0 40230 Coca Cola Company (KO) COM 191216100 1546056 27618 SH SOLE 13809 0 13809 Colgate-Palmolive Co. (CL) COM 194162103 1034508 14548 SH SOLE 7274 0 7274 Comcast Corp NEW CL A (CMCSA) COM 20030N101 2005143 45222 SH SOLE 22611 0 22611 Constellation Brands (STZ) COM 21036P108 460939 1834 SH SOLE 917 0 917 Danaher Corp (DHR) COM 235851102 919459 3706 SH SOLE 1853 0 1853 Deere Co (DE) COM 244199105 520030 1378 SH SOLE 689 0 689 Disney Walt Hldg. Co. (DIS) COM 254687106 1816330 22410 SH SOLE 11205 0 11205 ETFMG Prime Cyber Security ETF COM 26924G201 1416420 27450 SH SOLE 13725 0 13725 Eaton Corporation (ETN) COM G29183103 519550 2436 SH SOLE 1218 0 1218 Emerson Elec Co (EMR) COM 291011104 408684 4232 SH SOLE 2116 0 2116 Exact Sciences (EXAS) COM 30063P105 1049224 15380 SH SOLE 7690 0 7690 Exxon Mobil (XOM) COM 30231G102 5078280 43190 SH SOLE 21595 0 21595 Fair Isaac (FICO) COM 303250104 484640 558 SH SOLE 279 0 279 Fastenal Company (FAST) COM 311900104 848668 15532 SH SOLE 7766 0 7766 General Electric Company (GE) COM 369604103 602276 5448 SH SOLE 2724 0 2724 General Mills, Inc. (GIS) COM 370334104 555689 8684 SH SOLE 4342 0 4342 General Motors New (GM) COM 37045V100 504243 15294 SH SOLE 7647 0 7647 Gilead Sciences Inc. (GILD) COM 375558103 427907 5710 SH SOLE 2855 0 2855 Globalstar Inc. (GSAT) COM 378973408 581640 444000 SH SOLE 222000 0 222000 Graco Inc (GGG) COM 384109104 440924 6050 SH SOLE 3025 0 3025 Hamilton Beach Brands Cl A (HB COM 40701T104 839487 67646 SH SOLE 33823 0 33823 Hamilton Beach Brands Cl B Res COM 40701T203 810505 69452 SH SOLE 34726 0 34726 Hologic Inc (HOLX) COM 436440101 1571632 22646 SH SOLE 11323 0 11323 Home Depot Inc. (HD) COM 437076102 2223293 7358 SH SOLE 3679 0 3679 Honeywell International (HON) COM 438516106 1774243 9604 SH SOLE 4802 0 4802 Hormel Foods (HRL) COM 440452100 1030657 27101 SH SOLE 13551 0 13551 Hyster-Yale Materials Handling COM 449172105 3370961 75616 SH SOLE 37808 0 37808 Illinois Tool Works Inc (ITW) COM 452308109 1126216 4890 SH SOLE 2445 0 2445 Intel Corp. (INTC) COM 458140100 2550267 71737 SH SOLE 35869 0 35869 Inter Parfums (IPAR) COM 458334109 476907 3550 SH SOLE 1775 0 1775 Invesco Water Resource Port (P COM 46137V142 1435860 27000 SH SOLE 13500 0 13500 J P Morgan Chase & Co (JPM) COM 46625H100 3461627 23870 SH SOLE 11935 0 11935 J.M. Smuckers Co (SJM) COM 832696405 1619708 13178 SH SOLE 6589 0 6589 Johnson & Johnson (JNJ) COM 478160104 4390902 28192 SH SOLE 14096 0 14096 Kohlberg Kravis & Co (KKR) COM 48251W104 2722597 44198 SH SOLE 22099 0 22099 Korn Ferry International (KFY) COM 500643200 419844 8850 SH SOLE 4425 0 4425 Landstar System (LSTR) COM 515098101 784906 4436 SH SOLE 2218 0 2218 LeMaitre Vascular (LMAT) COM 525558201 495768 9100 SH SOLE 4550 0 4550 Lilly Eli & Company (LLY) COM 532457108 3894192 7250 SH SOLE 3625 0 3625 Linde PLC (LIN) COM G54950103 422245 1134 SH SOLE 567 0 567 Lowes Companies Inc. (LOW) COM 548661107 628508 3024 SH SOLE 1512 0 1512 McDonalds Corp (MCD) COM 580135101 1330372 5050 SH SOLE 2525 0 2525 Merck & Co Inc. (MRK) COM 589331107 2577456 25036 SH SOLE 12518 0 12518 Microsoft Corp. (MSFT) COM 594918104 7588725 24034 SH SOLE 12017 0 12017 Mondelez (MDLZ) COM 609207105 442078 6370 SH SOLE 3185 0 3185 Morgan Stanley (MS) COM 617446448 451798 5532 SH SOLE 2766 0 2766 NVIDIA Corporation (NVDA) COM 67066G104 412182 948 SH SOLE 474 0 474 Nacco Inds Inc CL A (NC) COM 629579103 2017998 57542 SH SOLE 28771 0 28771 NextEra Energy (NEE) COM 65339F101 1311368 22890 SH SOLE 11445 0 11445 Norfolk Southern Cop (NSC) COM 655844108 448607 2278 SH SOLE 1139 0 1139 Novartis AG Spon ADR F (NVS) COM 66987V109 417015 4094 SH SOLE 2047 0 2047 Oracle Corp. (ORCL) COM 68389X105 1292224 12200 SH SOLE 6100 0 6100 Otis Worldwide (OTIS) COM 68902V107 559600 6968 SH SOLE 3484 0 3484 PepsiCo Inc. (PEP) COM 713448108 4095326 24170 SH SOLE 12085 0 12085 Pfizer Inc (PFE) COM 717081103 1982658 59773 SH SOLE 29886 0 29886 Phillips 66 (PSX) COM 718546104 1961088 16322 SH SOLE 8161 0 8161 Procter & Gamble (PG) COM 742718109 3208628 21998 SH SOLE 10999 0 10999 ROBO Gbl Robotics & Auto'n ETF COM 301505707 1046481 20780 SH SOLE 10390 0 10390 RTX Corporation (RTX) COM 75513E101 1923758 26730 SH SOLE 13365 0 13365 Regions Financial Corp (RF) COM 7591EP100 444620 25850 SH SOLE 12925 0 12925 SYNNEX Corp (SNX) COM 87162W100 579188 5800 SH SOLE 2900 0 2900 Salesforce.com (CRM) COM 79466L302 753530 3716 SH SOLE 1858 0 1858 Smith & Nephew (SNN) COM 83175M205 665074 26850 SH SOLE 13425 0 13425 Sonoco Products (SON) COM 835495102 1486472 27350 SH SOLE 13675 0 13675 Southwest Airlines (LUV) COM 844741108 469664 17350 SH SOLE 8675 0 8675 Sprouts Farmers Markets (SFM) COM 85208M102 766120 17900 SH SOLE 8950 0 8950 Standard Motor Products (SMP) COM 853666105 492600 14652 SH SOLE 7326 0 7326 Starbucks Corp. (SBUX) COM 855244109 1120796 12280 SH SOLE 6140 0 6140 State Street Corp (STT) COM 857477103 612684 9150 SH SOLE 4575 0 4575 Stryker Corp. (SYK) COM 863667101 652569 2388 SH SOLE 1194 0 1194 Sysco Corp. (SYY) COM 871829107 1980311 29982 SH SOLE 14991 0 14991 T Rowe Price Group (TROW) COM 74144T108 547421 5220 SH SOLE 2610 0 2610 TJX Cos Inc (TJX) COM 872540109 4051328 45582 SH SOLE 22791 0 22791 Taiwan Semiconductor ADRF Spon COM 874039100 1090595 12550 SH SOLE 6275 0 6275 Target Corporation (TGT) COM 87612E106 1263168 11424 SH SOLE 5712 0 5712 Texas Instruments Inc (TXN) COM 882508104 802682 5048 SH SOLE 2524 0 2524 The Blackstone Group (BX) COM 09260D107 587127 5480 SH SOLE 2740 0 2740 The Trade Desk Inc (TTD) COM 88339J105 1216795 15570 SH SOLE 7785 0 7785 Trex Inc (TREX) COM 89531P105 1806992 29320 SH SOLE 14660 0 14660 Tyler Technologies (TYL) COM 902252105 417031 1080 SH SOLE 540 0 540 US Bancorp (USB) COM 902973304 1531339 46320 SH SOLE 23160 0 23160 Ulta Beauty (ULTA) COM 903845303 1410058 3530 SH SOLE 1765 0 1765 Unilever PLC ADR New F (UL) COM 904767704 836243 16928 SH SOLE 8464 0 8464 Union Pacific Corp. (UNP) COM 907818108 569757 2798 SH SOLE 1399 0 1399 United Parcel Service Cl B (UP COM 911312106 604480 3878 SH SOLE 1939 0 1939 Unitedhealth Group Inc. (UNH) COM 91324P102 621162 1232 SH SOLE 616 0 616 Universal Display (OLED) COM 91347P105 409744 2610 SH SOLE 1305 0 1305 Vericel (VCEL) COM 92346J108 433078 12920 SH SOLE 6460 0 6460 Verisk Analytics (VRSK) COM 92345Y106 2393111 10130 SH SOLE 5065 0 5065 Verizon Communications (VZ) COM 92343V104 1393500 42996 SH SOLE 21498 0 21498 Visa Inc (V) COM 92826C839 2570592 11176 SH SOLE 5588 0 5588 WD 40 Co (WDFC) COM 929236107 1226757 6036 SH SOLE 3018 0 3018 WalMart Inc. (WMT) COM 931142103 802529 5018 SH SOLE 2509 0 2509 Zimmer Biomet Holdings Inc. (Z COM 98956P102 470875 4196 SH SOLE 2098 0 2098 Zoetis Inc (ZTS) COM 98978V103 2007729 11540 SH SOLE 5770 0 5770 IShares S&P 100 Index (OEF) ETF 464287101 975110 4860 SH SOLE 2430 0 2430 Invesco S&P 500 Equal Weighted ETF 46137V357 5337067 37667 SH SOLE 18834 0 18834 Invesco SP500 Hi Div Low Vol ( ETF 46138E362 540822 13800 SH SOLE 6900 0 6900 SPDR S&P Dividend ETF (SDY) ETF 78464A763 845323 7350 SH SOLE 3675 0 3675 SPDR S&P Midcap 400 (MDY) ETF 78467Y107 14028961 30722 SH SOLE 15361 0 15361 SPDR Trust S&P 500 (SPY) ETF 78462F103 1323906 3097 SH SOLE 1549 0 1549 Schwab Large Cap Growth ETF (S ETF 808524300 10557539 145181 SH SOLE 72590 0 72590 Schwab Large Cap US ETF (SCHX) ETF 808524201 4278230 84550 SH SOLE 42275 0 42275 Schwab US Broad Market ETF (SC ETF 808524102 6509612 130584 SH SOLE 65292 0 65292 Schwab US Dividend Equity (SCH ETF 808524797 7436310 105092 SH SOLE 52546 0 52546 Schwab US Mid Cap ETF (SCHM) ETF 808524508 12405518 183297 SH SOLE 91648 0 91648 Schwab US Small Cap ETF (SCHA) ETF 808524607 7456905 180032 SH SOLE 90016 0 90016 Vanguard Extended Market Index ETF 922908652 1830324 12770 SH SOLE 6385 0 6385 Vanguard High Dividend Yield E ETF 921946406 413280 4000 SH SOLE 2000 0 2000 Vanguard Mid Cap ETF (VO) ETF 922908629 905844 4350 SH SOLE 2175 0 2175 Vanguard S&P 500 ETF (VOO) ETF 922908363 11148611 28390 SH SOLE 14195 0 14195 Vanguard Small Cap Growth (VBK ETF 922908595 2885005 13470 SH SOLE 6735 0 6735 iShares S&P US Preferred Stock ETF 464288687 4023819 133460 SH SOLE 66730 0 66730 iShares Trust S&P 500 Index (I ETF 464287200 511881 1192 SH SOLE 596 0 596 IShares S&P Global 100 ETF (IO ETF 464287572 1470659 20080 SH SOLE 10040 0 10040 Ishares Int'l Select Dividend ETF 464288448 556514 21910 SH SOLE 10955 0 10955 Ishares MSCI Ireland ETF (EIRL ETF 46429B507 637014 11790 SH SOLE 5895 0 5895 Schwab Emerging Markets ETF (S ETF 808524706 2210859 92350 SH SOLE 46175 0 46175 Schwab International Equity ET ETF 808524805 13028028 383629 SH SOLE 191814 0 191814 Vanguard Total World Stock Mar ETF 922042742 412787 4430 SH SOLE 2215 0 2215 iShares TR MSCI EAFE Fd (EFA) ETF 464287465 2543891 36911 SH SOLE 18455 0 18455