UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
09-30-2022
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Loudon Investment Management, LLC
Address:
P.O. BOX 378
Meriden, NH 03770
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Emily Sands
Title:
President
Phone:
603-298-7370


Signature, Place, and Date of Signing:

Emily Sands
                         [Signature]
West Lebanon, NEW HAMPSHIRE
                 [City, State]
11-08-2022
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
88
Form 13F Information table Value Total:
125690
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
APPLE INCCOM0378331002,75819,956SHSOLE 0 0 19,956
ABBVIE INCCOM00287Y1094,28531,929SHSOLE 0 0 31,929
ABBOTT LABSCOM0028241005966,157SHSOLE 0 0 6,157
ISHARES TRCOM4642882402796,976SHSOLE 0 0 6,976
ARCHER DANIELS MIDLAND COCOM0394831023,42742,599SHSOLE 0 0 42,599
AUTOMATIC DATA PROCESSING INCOM0530151039894,373SHSOLE 0 0 4,373
AFLAC INCCOM0010551021,15720,581SHSOLE 0 0 20,581
AMGEN INCCOM0311621003,80716,891SHSOLE 0 0 16,891
AMERIPRISE FINL INCCOM03076C1062,3989,516SHSOLE 0 0 9,516
SMITH A O CORPCOM8318652093106,390SHSOLE 0 0 6,390
AIR PRODS & CHEMS INCCOM0091581061,1464,923SHSOLE 0 0 4,923
VANGUARD BD INDEX FDSCOM9219378192733,715SHSOLE 0 0 3,715
BANK NEW YORK MELLON CORPCOM06405810074419,302SHSOLE 0 0 19,302
BLACKROCK INCCOM09247X101544989SHSOLE 0 0 989
VANGUARD BD INDEX FDSCOM9219378277339,796SHSOLE 0 0 9,796
CARDINAL HEALTH INCCOM14149Y1082,87743,140SHSOLE 0 0 43,140
CATERPILLAR INCCOM1491231011,69910,353SHSOLE 0 0 10,353
CI FINL CORPCOM12549110017718,500SHSOLE 0 0 18,500
COLGATE PALMOLIVE COCOM1941621032573,664SHSOLE 0 0 3,664
CLOROX CO DELCOM1890541099107,088SHSOLE 0 0 7,088
COMCAST CORP NEWCOM20030N1011,97267,239SHSOLE 0 0 67,239
CUMMINS INCCOM2310211061,9079,373SHSOLE 0 0 9,373
CONOCOPHILLIPSCOM20825C1042882,815SHSOLE 0 0 2,815
CISCO SYS INCCOM17275R1023,17079,255SHSOLE 0 0 79,255
CVS HEALTH CORPCOM1266501004464,681SHSOLE 0 0 4,681
DEERE & COCOM2441991052,4487,331SHSOLE 0 0 7,331
DIGITAL RLTY TR INCCOM2538681033173,200SHSOLE 0 0 3,200
ECOLAB INCCOM2788651002521,748SHSOLE 0 0 1,748
EMERSON ELEC COCOM2910111041,70423,270SHSOLE 0 0 23,270
ENBRIDGE INCCOM29250N10538510,376SHSOLE 0 0 10,376
ENTERPRISE PRODS PARTNERS LCOM2937921075,205218,876SHSOLE 0 0 218,876
EXTRA SPACE STORAGE INCCOM30225T1025162,990SHSOLE 0 0 2,990
FASTENAL COCOM3119001044,15990,335SHSOLE 0 0 90,335
FEDEX CORPCOM31428X1062241,506SHSOLE 0 0 1,506
ISHARES TRCOM46429B65560311,987SHSOLE 0 0 11,987
FEDERAL RLTY INVT TR NEWCOM3137451011,16912,970SHSOLE 0 0 12,970
GLACIER BANCORP INC NEWCOM37637Q1051,54531,439SHSOLE 0 0 31,439
GENERAL DYNAMICS CORPCOM3695501088113,823SHSOLE 0 0 3,823
HORMEL FOODS CORPCOM44045210061313,485SHSOLE 0 0 13,485
INTEL CORPCOM4581401001,71466,495SHSOLE 0 0 66,495
ILLINOIS TOOL WKS INCCOM4523081093,41818,921SHSOLE 0 0 18,921
JOHNSON & JOHNSONCOM4781601049725,947SHSOLE 0 0 5,947
JPMORGAN CHASE & COCOM46625H1001,55614,891SHSOLE 0 0 14,891
LEGGETT & PLATT INCCOM5246601073,01890,839SHSOLE 0 0 90,839
LOCKHEED MARTIN CORPCOM5398301091,1162,890SHSOLE 0 0 2,890
LOWES COS INCCOM5486611074,35623,193SHSOLE 0 0 23,193
MEDTRONIC PLCCOMG5960L1031,37617,038SHSOLE 0 0 17,038
ALTRIA GROUP INCCOM02209S1031,59839,562SHSOLE 0 0 39,562
MERCK & CO INCCOM58933Y1051,93022,415SHSOLE 0 0 22,415
MICROSOFT CORPCOM5949181047,14530,679SHSOLE 0 0 30,679
PROSHARES TRCOM74348A4673934,920SHSOLE 0 0 4,920
REALTY INCOME CORPCOM7561091045419,296SHSOLE 0 0 9,296
PAYCHEX INCCOM7043261072642,350SHSOLE 0 0 2,350
PEPSICO INCCOM7134481081,5089,235SHSOLE 0 0 9,235
PFIZER INCCOM7170811031,11525,477SHSOLE 0 0 25,477
PROCTER AND GAMBLE COCOM7427181093712,937SHSOLE 0 0 2,937
POLARIS INCCOM7310681023,02131,589SHSOLE 0 0 31,589
PHILIP MORRIS INTL INCCOM7181721092653,191SHSOLE 0 0 3,191
PENTAIR PLCCOMG7S00T1041,41134,737SHSOLE 0 0 34,737
PPG INDS INCCOM6935061072912,627SHSOLE 0 0 2,627
PUBLIC STORAGECOM74460D1097032,400SHSOLE 0 0 2,400
QUALCOMM INCCOM7475251034,53340,121SHSOLE 0 0 40,121
STARBUCKS CORPCOM8552441095947,047SHSOLE 0 0 7,047
SCHWAB STRATEGIC TRCOM8085241024306,470SHSOLE 0 0 6,470
SPDR SER TRCOM78464A7633623,244SHSOLE 0 0 3,244
SPDR S&P 500 ETF TRCOM78462F1032,7527,705SHSOLE 0 0 7,705
STANLEY BLACK & DECKER INCCOM8545021011,59821,251SHSOLE 0 0 21,251
SYSCO CORPCOM8718291076038,533SHSOLE 0 0 8,533
TRUIST FINL CORPCOM89832Q1092636,035SHSOLE 0 0 6,035
TARGET CORPCOM87612E1062,06313,902SHSOLE 0 0 13,902
PRICE T ROWE GROUP INCCOM74144T1082,07219,728SHSOLE 0 0 19,728
TAIWAN SEMICONDUCTOR MFG LTDCOM8740391001,12116,354SHSOLE 0 0 16,354
THE TRADE DESK INCCOM88339J1053175,300SHSOLE 0 0 5,300
TELUS CORPORATIONCOM87971M10394947,784SHSOLE 0 0 47,784
UNITED PARCEL SERVICE INCCOM9113121061,89511,729SHSOLE 0 0 11,729
US BANCORP DELCOM9029733042195,435SHSOLE 0 0 5,435
VANGUARD SCOTTSDALE FDSCOM92206C4091,29417,416SHSOLE 0 0 17,416
VALERO ENERGY CORPCOM91913Y1005475,119SHSOLE 0 0 5,119
VANGUARD INDEX FDSCOM9229085536608,231SHSOLE 0 0 8,231
VERTEX PHARMACEUTICALS INCCOM92532F1003001,035SHSOLE 0 0 1,035
VANGUARD INDEX FDSCOM9229087694562,542SHSOLE 0 0 2,542
VERIZON COMMUNICATIONS INCCOM92343V10486322,729SHSOLE 0 0 22,729
WHIRLPOOL CORPCOM9633201063532,617SHSOLE 0 0 2,617
ESSENTIAL UTILS INCCOM29670G10264015,463SHSOLE 0 0 15,463
SELECT SECTOR SPDR TRCOM81369Y85261312,801SHSOLE 0 0 12,801
SELECT SECTOR SPDR TRCOM81369Y60544814,740SHSOLE 0 0 14,740
SELECT SECTOR SPDR TRCOM81369Y8034,21135,449SHSOLE 0 0 35,449
EXXON MOBIL CORPCOM30231G1023524,026SHSOLE 0 0 4,026