Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	87,999	$21.76M	4.5%	—	—	COM	91324p102
PM	Philip Morris International	207,071	$18.3M	3.8%	—	—	COM	718172109
MSFT	Microsoft Corp.	128,885	$15.2M	3.1%	—	—	COM	594918104
—	Medtronic PLC	150,873	$13.74M	2.8%	—	—	FOR	g5960L103
ELV	Anthem, Inc.	47,299	$13.57M	2.8%	—	—	COM	036752103
JNJ	Johnson & Johnson	96,805	$13.53M	2.8%	—	—	COM	478160104
PEP	Pepsico Inc.	109,533	$13.42M	2.8%	—	—	COM	713448108
—	Mastercard Inc.	56,590	$13.32M	2.7%	—	—	COM	57636q104
BK	Bank of New York Mellon Corp	263,879	$13.31M	2.7%	—	—	COM	064058100
—	Zimmer Biomet Holdings	85,289	$10.89M	2.2%	—	—	COM	98956p102
—	Merck & Co.Inc. New	129,956	$10.81M	2.2%	—	—	COM	58933y105
KR	Kroger Co.	395,438	$9.728M	2.0%	—	—	COM	501044101
BP	BP p.l.c.	217,204	$9.496M	2.0%	—	—	FOR	055622104
BAC	Bank of America Corp	339,481	$9.366M	1.9%	—	—	COM	060505104
—	DowDuPont Inc.	174,803	$9.319M	1.9%	—	—	COM	26078j100
—	Altria Group Inc.	157,089	$9.022M	1.9%	—	—	COM	02209s103
—	The Travelers Companies Inc.	62,261	$8.54M	1.8%	—	—	COM	89417e109
ABT	Abbott Laboratories	98,429	$7.868M	1.6%	—	—	COM	002824100
—	Visa, Inc.	44,228	$6.908M	1.4%	—	—	COM	92826c839
—	Molson Coors Brewing Co	107,364	$6.404M	1.3%	—	—	COM	60871r209
AFL	AFLAC Inc.	128,010	$6.4M	1.3%	—	—	COM	001055102
ORCL	Oracle Corp	117,462	$6.309M	1.3%	—	—	COM	68389X105
—	Biogen Inc.	26,257	$6.207M	1.3%	—	—	COM	09062x103
—	LyondellBasell Industries N.V.	72,238	$6.074M	1.2%	—	—	FOR	n53745100
—	Unilever NV New York Shs	99,878	$5.822M	1.2%	—	—	FOR	904784709
GLW	Corning Inc	172,351	$5.705M	1.2%	—	—	COM	219350105
—	Discovery,Inc. Series A	210,622	$5.691M	1.2%	—	—	COM	25470f104
KO	Coca-Cola Company	121,406	$5.689M	1.2%	—	—	COM	191216100
—	Valero Energy Corp.	63,876	$5.419M	1.1%	—	—	COM	91913y100
HD	Home Depot Inc.	27,526	$5.282M	1.1%	—	—	COM	437076102
BDX	Becton Dickinson & Co	21,025	$5.251M	1.1%	—	—	COM	075887109
WMT	Wal Mart Stores	53,762	$5.243M	1.1%	—	—	COM	931142103
BRK/B	Berkshire Hathaway Inc. Class	25,030	$5.028M	1.0%	—	—	COM	084670702
BA	Boeing Company	13,099	$4.996M	1.0%	—	—	COM	097023105
—	Cerner Corporation	87,290	$4.994M	1.0%	—	—	COM	156782104
—	America Movil ADR	348,369	$4.975M	1.0%	—	—	FOR	02364W105
C	Citigroup Inc.	79,169	$4.926M	1.0%	—	—	COM	172967424
CVS	CVS Health Corp.	86,323	$4.655M	1.0%	—	—	COM	126650100
BEN	Franklin Resources Inc.	139,488	$4.623M	0.9%	—	—	COM	354613101
AIG	American International Group	104,037	$4.48M	0.9%	—	—	COM	026874784
—	Comcast Corp Cl A	104,306	$4.17M	0.9%	—	—	COM	20030n101
LOW	Lowes Companies	36,270	$3.97M	0.8%	—	—	COM	548661107
PAYX	Paychex Inc.	45,025	$3.611M	0.7%	—	—	COM	704326107
CI	Cigna Corp	22,013	$3.54M	0.7%	—	—	COM	125523100
DGX	Quest Diagnostics Inc.	39,270	$3.531M	0.7%	—	—	COM	74834L100
MRSH	Marsh & McLennan Co.	37,512	$3.522M	0.7%	—	—	COM	571748102
TELFY	Telefonica S.A. ADR	390,833	$3.267M	0.7%	—	—	FOR	879382208
PG	Procter & Gamble Co.	31,107	$3.237M	0.7%	—	—	COM	742718109
PFE	Pfizer Inc.	73,205	$3.109M	0.6%	—	—	COM	717081103
—	Alphabet, Inc Voting Class	2,631	$3.096M	0.6%	—	—	COM	02079k305
CPF	Central Pacific Financial Co	104,847	$3.024M	0.6%	—	—	COM	154760409
CVX	Chevron Corp.	24,159	$2.976M	0.6%	—	—	COM	166764100
CE	Celanese Corp	30,135	$2.972M	0.6%	—	—	COM	150870103
UPS	United Parcel Service Inc.	26,078	$2.914M	0.6%	—	—	COM	911312106
BTI	British American Tobacco	66,460	$2.773M	0.6%	—	—	FOR	110448107
CTSH	Cognizant Technology Solutions	37,998	$2.753M	0.6%	—	—	COM	192446102
FDX	Fedex Corp	14,850	$2.694M	0.6%	—	—	COM	31428X106
MCD	McDonalds Corp	13,705	$2.603M	0.5%	—	—	COM	580135101
—	Glaxo SmithKline PLC	61,982	$2.59M	0.5%	—	—	FOR	37733W105
—	Credit Suisse Group ADR	218,943	$2.551M	0.5%	—	—	FOR	225401108
—	Unum Group	74,615	$2.524M	0.5%	—	—	COM	91529y106
—	Costco Wholesale Corp	9,728	$2.356M	0.5%	—	—	COM	22160k105
CSCO	Cisco Sys Inc.	42,866	$2.314M	0.5%	—	—	COM	17275R102
—	Raytheon Company	12,500	$2.276M	0.5%	—	—	COM	755111507
—	AbbVie, Inc.	27,500	$2.216M	0.5%	—	—	COM	00287y109
—	Diageo PLC ADR	13,099	$2.143M	0.4%	—	—	FOR	25243q205
VZ	Verizon Communications	35,034	$2.072M	0.4%	—	—	COM	92343V104
—	ConocoPhillips	30,060	$2.006M	0.4%	—	—	COM	20825c104
MDLZ	Mondelez International, Inc.	39,410	$1.967M	0.4%	—	—	COM	609207105
—	Monster Beverage Corp.	34,800	$1.899M	0.4%	—	—	COM	61174x109
DIS	The Walt Disney Co.	16,489	$1.831M	0.4%	—	—	COM	254687106
UNP	Union Pacific Corp	10,759	$1.799M	0.4%	—	—	COM	907818108
—	Facebook, Inc.	10,755	$1.793M	0.4%	—	—	COM	30303m102
—	Sally Beauty Holdings Inc.	94,536	$1.74M	0.4%	—	—	COM	79546e104
PSX	Phillips 66	17,386	$1.655M	0.3%	—	—	COM	718546104
AAPL	Apple, Inc.	8,550	$1.624M	0.3%	—	—	COM	037833100
HRB	H & R Block Inc.	67,102	$1.606M	0.3%	—	—	COM	093671105
INTC	Intel Corp.	29,279	$1.572M	0.3%	—	—	COM	458140100
—	Manitex Intl	198,981	$1.522M	0.3%	—	—	COM	563420108
ADP	Automatic Data Processing	9,522	$1.521M	0.3%	—	—	COM	053015103
SJM	J.M. Smucker Co.	12,858	$1.498M	0.3%	—	—	COM	832696405
—	The Mosaic Company	52,356	$1.43M	0.3%	—	—	COM	61945c103
WFC	Wells Fargo & Co.	29,262	$1.414M	0.3%	—	—	COM	949746101
NKE	Nike Inc Class B	16,600	$1.398M	0.3%	—	—	COM	654106103
WAFD	Washington Federal	47,872	$1.383M	0.3%	—	—	COM	938824109
YUM	Yum! Brands, Inc.	13,137	$1.311M	0.3%	—	—	COM	988498101
—	General Motors Company	34,699	$1.287M	0.3%	—	—	COM	37045v100
—	Allergan PLC	8,510	$1.246M	0.3%	—	—	FOR	g0177j108
—	Royal Dutch Shell PLC A	19,903	$1.246M	0.3%	—	—	FOR	780259206
—	Arcos Dorados Hldgs.	170,870	$1.225M	0.3%	—	—	FOR	g0457f107
AMGN	Amgen Inc.	6,108	$1.16M	0.2%	—	—	COM	031162100
—	AT & T, Inc. New	36,476	$1.144M	0.2%	—	—	COM	00206r102
LW	Lamb Weston Holdings	15,224	$1.141M	0.2%	—	—	COM	513272104
—	Ingersoll Rand Co	10,400	$1.123M	0.2%	—	—	FOR	g47791101
XOM	Exxon Mobil Corp	13,820	$1.117M	0.2%	—	—	COM	30231G102
—	DR Horton, Inc	25,650	$1.061M	0.2%	—	—	COM	23331a109
—	Alkermes PLC	27,651	$1.009M	0.2%	—	—	FOR	g01767105
AXP	American Express Co.	9,108	$996K	0.2%	—	—	COM	025816109
WU	Western Union Company	50,406	$931K	0.2%	—	—	COM	959802109
—	Textainer Group Holdings Limit	89,825	$867K	0.2%	—	—	FOR	g8766e109
SBUX	Starbucks Corp	11,518	$856K	0.2%	—	—	COM	855244109
GILD	Gilead Sciences Inc.	11,830	$769K	0.2%	—	—	COM	375558103
CAG	ConAgra Foods Inc.	27,675	$768K	0.2%	—	—	COM	205887102
ALK	Alaska Air Group Inc.	12,465	$700K	0.1%	—	—	COM	011659109
DAL	Delta Airlines - New	13,400	$692K	0.1%	—	—	COM	247361702
—	Viacom Inc. Class B	24,495	$688K	0.1%	—	—	COM	92553p201
USB	US Bancorp Delaware New	13,960	$673K	0.1%	—	—	COM	902973304
—	FirstService Corp Voting Share	7,410	$662K	0.1%	—	—	FOR	33767e103
LINC	Lincoln Educational	197,668	$613K	0.1%	—	—	COM	533535100
—	Ameriprise Financial Inc.	4,748	$608K	0.1%	—	—	COM	03076c106
—	Yum China Holdings, Inc.	13,337	$599K	0.1%	—	—	FOR	98850p109
—	CenturyLink Inc.	46,400	$556K	0.1%	—	—	COM	156700106
CAT	Caterpillar Inc.	4,077	$552K	0.1%	—	—	COM	149123101
CIGI	Colliers International Group	7,160	$478K	0.1%	—	—	FOR	194693107
KHC	The Kraft Heinz Company	13,146	$429K	0.1%	—	—	COM	500754106
—	Waddell & Reed Financial	24,658	$426K	0.1%	—	—	COM	930059100
—	Keurig Dr. Pepper Inc.	15,223	$426K	0.1%	—	—	COM	49271v100
—	Legg Mason Inc.	15,220	$417K	0.1%	—	—	COM	524901105
—	ManpowerGroup Inc.	4,750	$393K	0.1%	—	—	COM	56418h100
WY	Weyerhaeuser Co.	13,552	$357K	0.1%	—	—	COM	962166104
—	Pyxus International Inc.	14,710	$351K	0.1%	—	—	COM	74737v106
—	Allegion PLC	3,637	$330K	0.1%	—	—	FOR	g0176j109
AGCO	AGCO Corp	4,680	$325K	0.1%	—	—	COM	001084102
TPR	Tapestry Inc.	9,795	$318K	0.1%	—	—	COM	876030107
—	RumbleOn, Inc.	64,009	$316K	0.1%	—	—	COM	781386206
—	Weight Watchers Intl. Inc.	15,507	$312K	0.1%	—	—	COM	948626106
—	Dunkin Brands Group, Inc.	4,025	$302K	0.1%	—	—	COM	265504100
BRK/A	Berkshire Hathaway Inc. Class	1	$301K	0.1%	—	—	COM	084670108
GIS	General Mills	5,546	$287K	0.1%	—	—	COM	370334104
BMY	Bristol Myers Squibb Co.	5,844	$279K	0.1%	—	—	COM	110122108
—	Alphabet, Inc Non-Voting Class	225	$264K	0.1%	—	—	COM	02079k107
HPQ	HP Inc.	13,543	$263K	0.1%	—	—	COM	40434L105
ADBE	Adobe Systems Inc	957	$255K	0.1%	—	—	COM	00724F101
—	CDK Global, Inc.	4,192	$247K	0.1%	—	—	COM	12508e101
FOXA	Fox Corporation Class A	6,575	$241K	0.0%	—	—	COM	35137L105
—	General Electric Co.	23,454	$234K	0.0%	—	—	COM	369604103
—	Hewlett Packard Enterprise Co.	14,965	$231K	0.0%	—	—	COM	42824c109
TSM	Taiwan Semiconductor Manufactu	5,487	$225K	0.0%	—	—	FOR	874039100
—	SK Telecom ADR	9,158	$224K	0.0%	—	—	FOR	78440p108
—	Laboratory Corp. of America	1,445	$221K	0.0%	—	—	COM	50540r409
—	Interpublic Group	10,268	$216K	0.0%	—	—	COM	460690100
AMZN	Amazon.com, Inc.	121	$215K	0.0%	—	—	COM	023135106
—	Enbridge Inc.	5,942	$215K	0.0%	—	—	FOR	29250n105
—	Discovery,Inc. Series C	8,391	$213K	0.0%	—	—	COM	25470F302
FAST	Fastenal Co.	3,300	$212K	0.0%	—	—	COM	311900104
GAMI	GAMCO Investors Inc.	10,000	$205K	0.0%	—	—	COM	361438104
SM	SM Energy Company	10,840	$190K	0.0%	—	—	COM	78454L100
—	Gates Industrial Corporation P	11,357	$163K	0.0%	—	—	COM	g39108108
—	Cypress Semiconductor	10,650	$159K	0.0%	—	—	COM	232806109
LYG	Lloyds TSB Group	39,000	$125K	0.0%	—	—	COM	539439109
NOK	Nokia Corp Sponsored ADR	13,117	$75,000	0.0%	—	—	FOR	654902204
—	IsoRay, Inc.	14,218	$5,000	0.0%	—	—	COM	46489v104