CAMPBELL NEWMAN ASSET MANAGEMENT INC

Campbell Newman Asset Management sold 17.4% of its KLA Corp shares this quarter (50,956 down to 42,069) — a real reduction in conviction — yet the position's reported dollar value stayed essentially flat, $61.92 million to $61.94 million, because KLA's price rose enough in the same period to erase the effect of the sale entirely. The share-flow dollars capture the true story: a $13.09 million outflow, invisible in the raw value change. Elsewhere the book shows real conviction moves: State Street nearly doubled (shares up 99.6%) and Williams Companies rose 64.4%, while five names — TE Connectivity, Arthur J. Gallagher, Abbott, Deere, and S&P Global — were fully exited. RTX Corp's apparent "sell one CUSIP, buy another" is a share-class reissuance, not a trade.