Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	Nvidia	39,993	$7.459M	3.6%	$92.36	+101.5%	COM	67066G104
APH	Amphenol	29,827	$4.031M	1.9%	$38.42	+247.5%	COM	032095101
WMT	Walmart	35,383	$3.942M	1.9%	$44.98	+138.3%	COM	931142103
LRCX	Lam Research	22,988	$3.935M	1.9%	$76.64	+102.7%	COM	512807306
JPM	J.P. Morgan Chase	11,639	$3.75M	1.8%	$46.72	+562.5%	COM	46625H100
AAPL	Apple	13,755	$3.74M	1.8%	$77.97	+244.2%	COM	037833100
AMZN	Amazon.com	14,767	$3.409M	1.6%	$118.08	+93.8%	COM	023135106
AXP	American Express	9,076	$3.358M	1.6%	$60.88	+486.3%	COM	025816109
—	Broadcom	9,441	$3.268M	1.6%	$253.73	—	COM	11135f101
—	Alphabet Class A	10,195	$3.191M	1.5%	$130.33	—	COM	02079k305
COST	Costco	3,606	$3.11M	1.5%	$88.24	+926.5%	COM	22160K105
CAT	Caterpillar	5,300	$3.036M	1.5%	$210.57	+163.8%	COM	149123101
COR	Cencora	8,803	$2.973M	1.4%	$93.01	+266.2%	COM	03073E105
—	Visa	8,201	$2.876M	1.4%	$99.57	—	COM	92826c839
MSFT	Microsoft	5,928	$2.867M	1.4%	$26.70	+1774.6%	COM	594918104
ADI	Analog Devices	10,465	$2.838M	1.4%	$106.30	+135.8%	COM	032654105
—	Oracle Corp.	14,455	$2.817M	1.4%	$31.85	—	COM	68389x105
SYK	Stryker	7,786	$2.737M	1.3%	$58.86	+517.4%	COM	863667101
GWW	W.W. Grainger	2,684	$2.708M	1.3%	$188.99	+412.7%	COM	384802104
AFL	AFLAC	24,462	$2.697M	1.3%	$28.81	+281.3%	COM	001055102
EXPD	Expeditors Int'l	17,942	$2.674M	1.3%	$67.58	+100.7%	COM	302130109
EMR	Emerson Electric	19,904	$2.642M	1.3%	$45.63	+190.1%	COM	291011104
ORLY	O'Reilly Auto	28,181	$2.57M	1.2%	$85.61	+14.1%	COM	67103H107
AMGN	Amgen	7,712	$2.524M	1.2%	$83.82	+276.9%	COM	031162100
TMO	Thermo Fisher Scientific	4,343	$2.517M	1.2%	$80.23	+604.4%	COM	883556102
—	Booking Holdings	469	$2.51M	1.2%	$2256.19	—	COM	09857l108
ITW	Illinois Tool Works	9,510	$2.342M	1.1%	$55.95	+342.5%	COM	452308109
—	Netflix	24,540	$2.301M	1.1%	$140.68	—	COM	64110l106
CSCO	Cisco Systems	29,162	$2.246M	1.1%	$20.57	+258.7%	COM	17275R102
AMD	Advanced Micro	10,352	$2.217M	1.1%	$57.93	+287.7%	COM	007903107
MCD	McDonalds	7,136	$2.181M	1.1%	$97.11	+214.2%	COM	580135101
—	AbbVie	9,506	$2.172M	1.1%	$106.79	—	COM	00287y109
CVX	Chevron Corp.	13,752	$2.096M	1.0%	$91.16	+66.1%	COM	166764100
JNJ	Johnson & Johnson	10,007	$2.071M	1.0%	$68.50	+187.6%	COM	478160104
PEP	PepsiCo	14,377	$2.063M	1.0%	$67.44	+116.4%	COM	713448108
SHW	Sherwin-Williams	6,313	$2.046M	1.0%	$198.20	+68.6%	COM	824348106
PG	Procter & Gamble	14,123	$2.024M	1.0%	$58.18	+152.9%	COM	742718109
SNA	Snap-on	5,745	$1.98M	1.0%	$180.90	+88.2%	COM	833034101
XOM	ExxonMobil	16,399	$1.973M	1.0%	$65.05	+77.6%	COM	30231G102
ECL	Ecolab	7,451	$1.956M	0.9%	$77.69	+242.0%	COM	278865100
ADP	Automatic Data Processing	7,599	$1.955M	0.9%	$47.72	+454.9%	COM	053015103
CHD	Church & Dwight	22,981	$1.927M	0.9%	$36.85	+131.4%	COM	171340102
FAST	Fastenal Co.	47,796	$1.918M	0.9%	$26.84	+56.6%	COM	311900104
IDXX	IDEXX Laboratories	2,823	$1.91M	0.9%	$213.00	+219.7%	COM	45168D104
INTU	Intuit	2,842	$1.883M	0.9%	$111.58	+492.1%	COM	461202103
CSL	Carlisle	5,867	$1.877M	0.9%	$70.89	+355.2%	COM	142339100
NOC	Northrop Grumman	3,197	$1.823M	0.9%	$140.13	+313.1%	COM	666807102
—	Alphabet Class C	5,761	$1.808M	0.9%	$127.15	—	COM	02079k107
HUBB	Hubbell	3,980	$1.768M	0.9%	$388.74	+12.5%	COM	443510607
—	RTX Corp.	9,623	$1.765M	0.9%	$84.89	—	COM	75513e101
APD	Air Products & Chem.	6,917	$1.709M	0.8%	$129.05	+95.0%	COM	009158106
ABT	Abbott Laboratories	13,157	$1.648M	0.8%	$33.83	+276.4%	COM	002824100
TSCO	Tractor Supply Co.	32,894	$1.645M	0.8%	$51.38	+4.5%	COM	892356106
CL	Colgate Palmolive	20,744	$1.639M	0.8%	$47.13	+66.1%	COM	194162103
CTSH	Cognizant Tech	19,704	$1.635M	0.8%	$43.59	+71.3%	COM	192446102
VMC	Vulcan Materials	5,655	$1.613M	0.8%	$143.61	+104.1%	COM	929160109
—	NextEra Energy	20,083	$1.612M	0.8%	$74.02	—	COM	65339f101
DOV	Dover	8,104	$1.582M	0.8%	$48.69	+273.5%	COM	260003108
MAR	Marriott Intl. Class A	5,064	$1.571M	0.8%	$159.53	+78.8%	COM	571903202
CTAS	Cintas	8,244	$1.55M	0.8%	$157.31	+19.6%	COM	172908105
—	Goldman Sachs Group	1,716	$1.508M	0.7%	$521.20	—	COM	38141g104
—	D.R. Horton	10,114	$1.457M	0.7%	$42.01	—	COM	23331a109
SBUX	Starbucks	17,202	$1.449M	0.7%	$55.67	+51.0%	COM	855244109
DHR	Danaher	6,214	$1.422M	0.7%	$38.00	+477.7%	COM	235851102
LOW	Lowes	5,699	$1.374M	0.7%	$58.15	+312.4%	COM	548661107
AVY	Avery Dennison	7,437	$1.353M	0.7%	$86.52	+99.2%	COM	053611109
META	Meta Platforms	2,006	$1.324M	0.6%	$110.03	+506.5%	COM	30303M102
HD	Home Depot	3,837	$1.32M	0.6%	$92.72	+293.2%	COM	437076102
EW	Edwards Lifesciences	15,313	$1.305M	0.6%	$60.19	+36.3%	COM	28176E108
DCI	Donaldson	14,688	$1.302M	0.6%	$48.78	+77.2%	COM	257651109
—	CBRE Group	7,624	$1.226M	0.6%	$74.43	—	COM	12504l109
CI	Cigna	4,332	$1.192M	0.6%	$260.67	+7.1%	COM	125523100
DIS	Walt Disney	10,453	$1.189M	0.6%	$71.57	+53.0%	COM	254687106
HON	Honeywell	5,980	$1.167M	0.6%	$64.54	+202.2%	COM	438516106
MS	Morgan Stanley	6,183	$1.098M	0.5%	$67.57	+146.4%	COM	617446448
TXN	Texas Instruments	6,310	$1.095M	0.5%	$33.14	+415.1%	COM	882508104
BMY	Bristol-Myers Squibb	19,982	$1.078M	0.5%	$46.83	+1.5%	COM	110122108
IBM	IBM	3,579	$1.06M	0.5%	$199.04	+50.1%	COM	459200101
ADSK	Autodesk	3,547	$1.05M	0.5%	$220.70	+37.1%	COM	052769106
ROP	Roper Technologies	2,323	$1.034M	0.5%	$118.61	+289.7%	COM	776696106
—	Freeport-McMoRan	19,447	$988K	0.5%	$41.19	—	COM	35671d857
LLY	Eli Lilly	909	$976K	0.5%	$45.17	+2015.6%	COM	532457108
BALL	Ball Corp.	17,410	$922K	0.4%	$32.48	+51.1%	COM	058498106
—	Globe Life	6,530	$913K	0.4%	$110.57	—	COM	37959e102
NKE	Nike	14,271	$909K	0.4%	$58.57	+10.8%	COM	654106103
PCAR	PACCAR Inc.	8,108	$888K	0.4%	$61.32	+65.1%	COM	693718108
FDS	Factset Research	3,022	$877K	0.4%	$168.74	+66.0%	COM	303075105
BDX	Becton Dickinson	4,488	$871K	0.4%	$117.01	+62.0%	COM	075887109
LMT	Lockheed Martin	1,787	$864K	0.4%	$198.32	+140.1%	COM	539830109
CVS	CVS Health	10,863	$862K	0.4%	$54.36	+44.7%	COM	126650100
MTD	Mettler-Toledo Int'l	587	$818K	0.4%	$1067.18	+30.9%	COM	592688105
—	Check Point Software	4,400	$816K	0.4%	$107.97	—	COM	m22465104
SJM	J.M. Smucker	7,690	$752K	0.4%	$100.00	+2.8%	COM	832696405
DLTR	Dollar Tree	6,100	$750K	0.4%	$107.06	+0.1%	COM	256746108
—	EOG Resources	7,134	$749K	0.4%	$74.44	—	COM	26875p101
—	Valero Energy Corp	4,581	$746K	0.4%	$78.33	—	COM	91913y100
GPC	Genuine Parts	6,057	$745K	0.4%	$64.31	+100.1%	COM	372460105
DE	Deere	1,571	$731K	0.4%	$126.46	+269.8%	COM	244199105
FISV	Fiserv	10,642	$715K	0.3%	$50.32	+66.7%	COM	337738108
—	Accenture plc	2,580	$692K	0.3%	$324.99	—	COM	g1151c101
UNH	UnitedHealth Group	2,090	$690K	0.3%	$164.29	+105.3%	COM	91324P102
—	Adobe Systems	1,863	$652K	0.3%	$467.43	—	COM	00724f101
—	Salesforce	2,409	$638K	0.3%	$224.85	—	COM	79466l302
—	ITT Corporation	3,476	$603K	0.3%	$68.11	—	COM	45073v108
ANET	Arista Networks	4,530	$594K	0.3%	$128.77	+6.9%	COM	040413205
ADM	Archer Daniels Midland	9,883	$568K	0.3%	$56.89	+4.5%	COM	039483102
—	Truist Financial	11,269	$555K	0.3%	$41.34	—	COM	89832q109
HP	Helmerich & Payne	18,765	$538K	0.3%	$18.33	+44.9%	COM	423452101
VZ	Verizon	13,124	$535K	0.3%	$31.31	+29.3%	COM	92343V104
ELV	Elevance	1,508	$529K	0.3%	$362.73	-7.2%	COM	036752103
FITB	Fifth Third Bancorp	11,120	$521K	0.3%	$29.33	+48.8%	COM	316773100
CLX	Clorox	5,083	$513K	0.2%	$108.12	+0.1%	COM	189054109
—	Mastercard	892	$509K	0.2%	$221.66	—	COM	57636q104
SHEL	Shell	6,676	$491K	0.2%	$61.72	—	COM	780259305
KMB	Kimberly Clark	4,846	$489K	0.2%	$103.02	+5.2%	COM	494368103
GIS	General Mills	10,133	$471K	0.2%	$45.33	+4.7%	COM	370334104
—	Merck	4,468	$470K	0.2%	$83.44	—	COM	58933y105
CDNS	Cadence Design	1,408	$440K	0.2%	$326.31	0.0%	COM	127387108
PPG	PPG Industries	4,190	$429K	0.2%	$100.11	0.0%	COM	693506107
—	ConocoPhillips	4,499	$421K	0.2%	$91.33	—	COM	20825c104
MRSH	Marsh & McLennan	2,156	$400K	0.2%	$152.75	+22.1%	COM	571748102
PHM	Pulte Corp	3,242	$380K	0.2%	$97.08	+26.1%	COM	745867101
AVT	Avnet	6,802	$327K	0.2%	$47.90	+2.1%	COM	053807103
C	Citigroup	2,796	$326K	0.2%	$43.08	+140.6%	COM	172967424
RIO	Rio Tinto Group	4,067	$325K	0.2%	$63.22	—	COM	767204100
WAT	Waters Corp.	845	$321K	0.2%	$302.73	+21.5%	COM	941848103
MDLZ	Mondelez International	5,820	$313K	0.2%	$50.60	+12.8%	COM	609207105
CCK	Crown Holdings	2,936	$302K	0.1%	$97.34	0.0%	COM	228368106
LNC	Lincoln National Corp.	6,598	$294K	0.1%	$25.09	+64.1%	COM	534187109
—	Quest Diagnostics	1,553	$269K	0.1%	$115.10	—	COM	74834l100
TOL	Toll Brothers	1,966	$266K	0.1%	$103.77	+30.8%	COM	889478103
PFE	Pfizer	10,526	$262K	0.1%	$24.31	+3.0%	COM	717081103
GGG	Graco Inc.	3,190	$261K	0.1%	$62.71	+30.7%	COM	384109104
—	Duke Energy	2,059	$241K	0.1%	$115.64	—	COM	26441c204
—	AT&T	9,312	$231K	0.1%	$22.01	—	COM	00206r102
—	Constellation Brands	1,656	$228K	0.1%	$214.79	—	COM	21036p108
BAC	Bank of America	3,861	$212K	0.1%	$41.45	+27.1%	COM	060505104
A	Agilent Technologies	1,549	$211K	0.1%	$120.55	+19.2%	COM	00846U101
—	GSK PLC	4,291	$210K	0.1%	$49.04	—	COM	37733W105
—	Apache Corp.	8,306	$203K	0.1%	$24.32	—	COM	037411105
BP	BP	5,760	$200K	0.1%	$34.73	—	COM	055622104