Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	89,619	$22.33M	5.0%	—	—	COM	91324p102
MSFT	Microsoft Corp.	141,785	$14.4M	3.2%	—	—	COM	594918104
PM	Philip Morris International	208,836	$13.94M	3.1%	—	—	COM	718172109
—	Medtronic PLC	151,158	$13.75M	3.1%	—	—	FOR	g5960L103
ELV	Anthem, Inc.	49,459	$12.99M	2.9%	—	—	COM	036752103
JNJ	Johnson & Johnson	96,880	$12.5M	2.8%	—	—	COM	478160104
BK	Bank of New York Mellon Corp	264,304	$12.44M	2.8%	—	—	COM	064058100
PEP	Pepsico Inc.	110,583	$12.22M	2.7%	—	—	COM	713448108
KR	Kroger Co.	396,888	$10.91M	2.4%	—	—	COM	501044101
—	Mastercard Inc.	56,590	$10.68M	2.4%	—	—	COM	57636q104
—	Merck & Co.Inc. New	132,056	$10.09M	2.2%	—	—	COM	58933y105
—	DowDuPont Inc.	173,000	$9.252M	2.1%	—	—	COM	26078j100
—	Zimmer Biomet Holdings	86,439	$8.965M	2.0%	—	—	COM	98956p102
—	The Travelers Companies Inc.	69,774	$8.355M	1.9%	—	—	COM	89417e109
BAC	Bank of America Corp	337,494	$8.316M	1.9%	—	—	COM	060505104
BP	BP p.l.c.	216,904	$8.225M	1.8%	—	—	FOR	055622104
—	Biogen Inc.	26,157	$7.871M	1.8%	—	—	COM	09062x103
—	Altria Group Inc.	151,554	$7.485M	1.7%	—	—	COM	02209s103
ABT	Abbott Laboratories	100,358	$7.259M	1.6%	—	—	COM	002824100
—	Molson Coors Brewing Co	108,164	$6.075M	1.4%	—	—	COM	60871r209
—	LyondellBasell Industries N.V.	72,378	$6.019M	1.3%	—	—	FOR	n53745100
AFL	AFLAC Inc.	129,010	$5.878M	1.3%	—	—	COM	001055102
KO	Coca-Cola Company	123,529	$5.849M	1.3%	—	—	COM	191216100
—	Visa, Inc.	44,228	$5.835M	1.3%	—	—	COM	92826c839
CVS	CVS Health Corp.	83,495	$5.471M	1.2%	—	—	COM	126650100
WMT	Wal Mart Stores	58,312	$5.432M	1.2%	—	—	COM	931142103
GLW	Corning Inc	178,451	$5.391M	1.2%	—	—	COM	219350105
—	Unilever NV New York Shs	99,878	$5.373M	1.2%	—	—	FOR	904784709
ORCL	Oracle Corp	117,512	$5.306M	1.2%	—	—	COM	68389X105
—	Discovery,Inc. Series A	212,283	$5.252M	1.2%	—	—	COM	25470f104
BRK/B	Berkshire Hathaway Inc. Class	24,555	$5.014M	1.1%	—	—	COM	084670702
—	America Movil ADR	350,569	$4.996M	1.1%	—	—	FOR	02364W105
—	Valero Energy Corp.	63,976	$4.796M	1.1%	—	—	COM	91913y100
HD	Home Depot Inc.	27,626	$4.747M	1.1%	—	—	COM	437076102
BDX	Becton Dickinson & Co	21,025	$4.737M	1.1%	—	—	COM	075887109
—	Cerner Corporation	87,390	$4.583M	1.0%	—	—	COM	156782104
BEN	Franklin Resources Inc.	140,103	$4.155M	0.9%	—	—	COM	354613101
AIG	American International Group	105,389	$4.153M	0.9%	—	—	COM	026874784
C	Citigroup Inc.	78,945	$4.11M	0.9%	—	—	COM	172967424
BA	Boeing Company	12,599	$4.063M	0.9%	—	—	COM	097023105
CI	Cigna Corp	21,390	$4.062M	0.9%	—	—	COM	125523100
—	Comcast Corp Cl A	106,456	$3.625M	0.8%	—	—	COM	20030n101
LOW	Lowes Companies	36,320	$3.355M	0.7%	—	—	COM	548661107
TELFY	Telefonica S.A. ADR	395,688	$3.348M	0.7%	—	—	FOR	879382208
DGX	Quest Diagnostics Inc.	39,270	$3.27M	0.7%	—	—	COM	74834L100
PFE	Pfizer Inc.	72,080	$3.146M	0.7%	—	—	COM	717081103
PG	Procter & Gamble Co.	34,132	$3.137M	0.7%	—	—	COM	742718109
MRSH	Marsh & McLennan Co.	37,587	$2.998M	0.7%	—	—	COM	571748102
PAYX	Paychex Inc.	45,125	$2.94M	0.7%	—	—	COM	704326107
—	Alphabet, Inc Voting Class	2,633	$2.751M	0.6%	—	—	COM	02079k305
CE	Celanese Corp	30,135	$2.711M	0.6%	—	—	COM	150870103
CVX	Chevron Corp.	23,984	$2.609M	0.6%	—	—	COM	166764100
UPS	United Parcel Service Inc.	26,221	$2.557M	0.6%	—	—	COM	911312106
CPF	Central Pacific Financial Co	104,847	$2.553M	0.6%	—	—	COM	154760409
—	AbbVie, Inc.	26,675	$2.459M	0.5%	—	—	COM	00287y109
MCD	McDonalds Corp	13,680	$2.429M	0.5%	—	—	COM	580135101
CTSH	Cognizant Technology Solutions	38,148	$2.422M	0.5%	—	—	COM	192446102
—	Credit Suisse Group ADR	218,243	$2.37M	0.5%	—	—	FOR	225401108
—	Glaxo SmithKline PLC	61,582	$2.353M	0.5%	—	—	FOR	37733W105
—	Unum Group	74,965	$2.202M	0.5%	—	—	COM	91529y106
FDX	Fedex Corp	13,140	$2.12M	0.5%	—	—	COM	31428X106
BTI	British American Tobacco	62,550	$1.993M	0.4%	—	—	FOR	110448107
VZ	Verizon Communications	35,434	$1.992M	0.4%	—	—	COM	92343V104
—	Costco Wholesale Corp	9,778	$1.992M	0.4%	—	—	COM	22160k105
—	Diageo PLC ADR	14,024	$1.989M	0.4%	—	—	FOR	25243q205
—	Raytheon Company	12,500	$1.917M	0.4%	—	—	COM	755111507
—	ConocoPhillips	30,410	$1.896M	0.4%	—	—	COM	20825c104
CSCO	Cisco Sys Inc.	42,116	$1.825M	0.4%	—	—	COM	17275R102
—	Sally Beauty Holdings Inc.	104,786	$1.787M	0.4%	—	—	COM	79546e104
—	Monster Beverage Corp.	34,800	$1.713M	0.4%	—	—	COM	61174x109
HRB	H & R Block Inc.	67,127	$1.703M	0.4%	—	—	COM	093671105
MDLZ	Mondelez International, Inc.	40,305	$1.613M	0.4%	—	—	COM	609207105
UNP	Union Pacific Corp	11,259	$1.556M	0.3%	—	—	COM	907818108
—	The Mosaic Company	52,556	$1.535M	0.3%	—	—	COM	61945c103
WFC	Wells Fargo & Co.	31,760	$1.464M	0.3%	—	—	COM	949746101
PSX	Phillips 66	16,886	$1.455M	0.3%	—	—	COM	718546104
—	Facebook, Inc.	10,875	$1.426M	0.3%	—	—	COM	30303m102
—	Arcos Dorados Hldgs.	172,864	$1.366M	0.3%	—	—	FOR	g0457f107
WAFD	Washington Federal	48,048	$1.283M	0.3%	—	—	COM	938824109
ADP	Automatic Data Processing	9,522	$1.249M	0.3%	—	—	COM	053015103
INTC	Intel Corp.	26,424	$1.24M	0.3%	—	—	COM	458140100
AAPL	Apple, Inc.	7,675	$1.211M	0.3%	—	—	COM	037833100
YUM	Yum! Brands, Inc.	13,137	$1.208M	0.3%	—	—	COM	988498101
SJM	J.M. Smucker Co.	12,908	$1.207M	0.3%	—	—	COM	832696405
NKE	Nike Inc Class B	16,200	$1.201M	0.3%	—	—	COM	654106103
LW	Lamb Weston Holdings	16,274	$1.197M	0.3%	—	—	COM	513272104
AMGN	Amgen Inc.	6,108	$1.189M	0.3%	—	—	COM	031162100
—	General Motors Company	34,699	$1.161M	0.3%	—	—	COM	37045v100
—	Manitex Intl	200,581	$1.139M	0.3%	—	—	COM	563420108
—	Allergan PLC	8,515	$1.138M	0.3%	—	—	FOR	g0177j108
—	Royal Dutch Shell PLC A	18,903	$1.101M	0.2%	—	—	FOR	780259206
DIS	The Walt Disney Co.	9,332	$1.023M	0.2%	—	—	COM	254687106
—	AT & T, Inc. New	34,862	$995K	0.2%	—	—	COM	00206r102
—	Ingersoll Rand Co	10,500	$958K	0.2%	—	—	FOR	g47791101
—	Twenty-First Century Fox Cl A	19,809	$953K	0.2%	—	—	COM	90130a101
XOM	Exxon Mobil Corp	13,945	$951K	0.2%	—	—	COM	30231G102
—	DR Horton, Inc	25,900	$898K	0.2%	—	—	COM	23331a109
—	Textainer Group Holdings Limit	89,825	$895K	0.2%	—	—	FOR	g8766e109
AXP	American Express Co.	9,108	$868K	0.2%	—	—	COM	025816109
WU	Western Union Company	50,406	$860K	0.2%	—	—	COM	959802109
—	Alkermes PLC	27,651	$816K	0.2%	—	—	FOR	g01767105
ALK	Alaska Air Group Inc.	12,615	$768K	0.2%	—	—	COM	011659109
SBUX	Starbucks Corp	11,668	$751K	0.2%	—	—	COM	855244109
—	CenturyLink Inc.	48,300	$732K	0.2%	—	—	COM	156700106
CAG	ConAgra Foods Inc.	33,485	$715K	0.2%	—	—	COM	205887102
DAL	Delta Airlines - New	13,670	$682K	0.2%	—	—	COM	247361702
GILD	Gilead Sciences Inc.	10,205	$638K	0.1%	—	—	COM	375558103
LINC	Lincoln Educational	197,668	$633K	0.1%	—	—	COM	533535100
—	Weight Watchers Intl. Inc.	15,557	$600K	0.1%	—	—	COM	948626106
USB	US Bancorp Delaware New	12,660	$579K	0.1%	—	—	COM	902973304
—	Viacom Inc. Class B	22,395	$576K	0.1%	—	—	COM	92553p201
KHC	The Kraft Heinz Company	13,215	$569K	0.1%	—	—	COM	500754106
CAT	Caterpillar Inc.	4,102	$521K	0.1%	—	—	COM	149123101
—	Keurig Dr. Pepper Inc.	19,913	$511K	0.1%	—	—	COM	49271v100
—	FirstService Corp Voting Share	7,410	$507K	0.1%	—	—	FOR	33767e103
—	Waddell & Reed Financial	24,808	$449K	0.1%	—	—	COM	930059100
—	Yum China Holdings, Inc.	13,337	$447K	0.1%	—	—	FOR	98850p109
CIGI	Colliers International Group	7,160	$394K	0.1%	—	—	FOR	194693107
—	Legg Mason Inc.	15,220	$388K	0.1%	—	—	COM	524901105
BMY	Bristol Myers Squibb Co.	7,044	$366K	0.1%	—	—	COM	110122108
TPR	Tapestry Inc.	9,795	$331K	0.1%	—	—	COM	876030107
—	ManpowerGroup Inc.	4,750	$308K	0.1%	—	—	COM	56418h100
BRK/A	Berkshire Hathaway Inc. Class	1	$306K	0.1%	—	—	COM	084670108
—	Ameriprise Financial Inc.	2,818	$294K	0.1%	—	—	COM	03076c106
—	Allegion PLC	3,670	$293K	0.1%	—	—	FOR	g0176j109
HPQ	HP Inc.	13,848	$283K	0.1%	—	—	COM	40434L105
WY	Weyerhaeuser Co.	12,852	$281K	0.1%	—	—	COM	962166104
AGCO	AGCO Corp	4,680	$261K	0.1%	—	—	COM	001084102
—	Dunkin Brands Group, Inc.	4,025	$258K	0.1%	—	—	COM	265504100
—	SK Telecom ADR	9,158	$245K	0.1%	—	—	FOR	78440p108
—	Alphabet, Inc Non-Voting Class	225	$233K	0.1%	—	—	COM	02079k107
ADBE	Adobe Systems Inc	957	$217K	0.0%	—	—	COM	00724F101
—	Interpublic Group	10,538	$217K	0.0%	—	—	COM	460690100
GIS	General Mills	5,546	$216K	0.0%	—	—	COM	370334104
TSM	Taiwan Semiconductor Manufactu	5,487	$203K	0.0%	—	—	FOR	874039100
—	CDK Global, Inc.	4,224	$202K	0.0%	—	—	COM	12508e101
VALU	Value Line Inc.	7,740	$201K	0.0%	—	—	COM	920437100
—	Hewlett Packard Enterprise Co.	14,965	$198K	0.0%	—	—	COM	42824c109
—	Pyxus International Inc.	15,260	$181K	0.0%	—	—	COM	74737v106
GAMI	GAMCO Investors Inc.	10,000	$169K	0.0%	—	—	COM	361438104
—	General Electric Co.	22,104	$167K	0.0%	—	—	COM	369604103
—	Gates Industrial Corporation P	11,357	$150K	0.0%	—	—	COM	g39108108
—	RumbleOn, Inc.	26,509	$143K	0.0%	—	—	COM	781386206
LYG	Lloyds TSB Group	39,000	$100K	0.0%	—	—	COM	539439109
NOK	Nokia Corp Sponsored ADR	13,117	$76,000	0.0%	—	—	FOR	654902204
—	IsoRay, Inc.	14,218	$4,000	0.0%	—	—	COM	46489v104