Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	81,724	$43.33M	7.5%	—	—	COM	91324p102
MSFT	Microsoft Corp.	118,343	$28.38M	4.9%	—	—	COM	594918104
ELV	Elevance Health Inc.	46,536	$23.87M	4.1%	—	—	COM	036752103
PM	Philip Morris International	204,082	$20.66M	3.6%	—	—	COM	718172109
KR	Kroger Co.	373,517	$16.65M	2.9%	—	—	COM	501044101
—	Mastercard Inc.	46,515	$16.17M	2.8%	—	—	COM	57636q104
PEP	Pepsico Inc.	84,137	$15.2M	2.6%	—	—	COM	713448108
—	Merck & Co.Inc. New	125,857	$13.96M	2.4%	—	—	COM	58933y105
JNJ	Johnson & Johnson	76,790	$13.56M	2.3%	—	—	COM	478160104
—	Medtronic PLC	145,007	$11.27M	1.9%	—	—	FOR	g5960L103
BAC	Bank of America Corp	339,832	$11.26M	1.9%	—	—	COM	060505104
BK	Bank of New York Mellon Corp	235,019	$10.7M	1.8%	—	—	COM	064058100
CVS	CVS Health Corp.	109,776	$10.23M	1.8%	—	—	COM	126650100
—	The Travelers Companies Inc.	49,989	$9.372M	1.6%	—	—	COM	89417e109
AFL	AFLAC Inc.	127,697	$9.187M	1.6%	—	—	COM	001055102
—	Visa, Inc.	42,607	$8.852M	1.5%	—	—	COM	92826c839
CI	Cigna Corp	25,631	$8.493M	1.5%	—	—	COM	125523100
ABT	Abbott Laboratories	75,179	$8.254M	1.4%	—	—	COM	002824100
HD	Home Depot Inc.	25,828	$8.158M	1.4%	—	—	COM	437076102
—	Zimmer Biomet Holdings	62,009	$7.906M	1.4%	—	—	COM	98956p102
BRK/B	Berkshire Hathaway Inc. Class	25,425	$7.854M	1.4%	—	—	COM	084670702
—	Valero Energy Corp.	60,842	$7.718M	1.3%	—	—	COM	91913y100
—	Alphabet, Inc Voting Class	85,480	$7.542M	1.3%	—	—	COM	02079k305
—	Altria Group Inc.	160,121	$7.319M	1.3%	—	—	COM	02209s103
WMT	Wal Mart Stores	51,542	$7.308M	1.3%	—	—	COM	931142103
LOW	Lowes Companies	36,428	$7.258M	1.3%	—	—	COM	548661107
BP	BP p.l.c.	202,214	$7.063M	1.2%	—	—	FOR	055622104
AIG	American International Group	105,497	$6.672M	1.2%	—	—	COM	026874784
KO	Coca-Cola Company	100,593	$6.399M	1.1%	—	—	COM	191216100
—	Biogen Inc.	22,345	$6.188M	1.1%	—	—	COM	09062x103
—	Molson Coors Brewing Co	112,166	$5.779M	1.0%	—	—	COM	60871r209
MRSH	Marsh & McLennan Co.	34,714	$5.744M	1.0%	—	—	COM	571748102
—	AbbVie, Inc.	35,298	$5.705M	1.0%	—	—	COM	00287y109
—	LyondellBasell Industries N.V.	67,853	$5.634M	1.0%	—	—	FOR	n53745100
BTI	British American Tobacco	133,760	$5.348M	0.9%	—	—	FOR	110448107
GLW	Corning Inc	165,626	$5.29M	0.9%	—	—	COM	219350105
PAYX	Paychex Inc.	42,081	$4.863M	0.8%	—	—	COM	704326107
—	Unilever PCL ADR	96,053	$4.836M	0.8%	—	—	FOR	904767704
DGX	Quest Diagnostics Inc.	30,865	$4.829M	0.8%	—	—	COM	74834L100
CVX	Chevron Corp.	25,119	$4.509M	0.8%	—	—	COM	166764100
BKNG	Booking Holdings Inc.	2,170	$4.373M	0.8%	—	—	COM	09857L108
—	Costco Wholesale Corp	9,027	$4.121M	0.7%	—	—	COM	22160k105
AAPL	Apple, Inc.	30,846	$4.008M	0.7%	—	—	COM	037833100
—	Monster Beverage Corp.	35,800	$3.635M	0.6%	—	—	COM	61174x109
—	DuPont de Nemours, Inc	50,796	$3.486M	0.6%	—	—	COM	26614n102
—	ConocoPhillips	29,224	$3.448M	0.6%	—	—	COM	20825c104
PFE	Pfizer Inc.	67,016	$3.434M	0.6%	—	—	COM	717081103
BDX	Becton Dickinson & Co	13,345	$3.394M	0.6%	—	—	COM	075887109
—	Comcast Corp Cl A	96,701	$3.382M	0.6%	—	—	COM	20030n101
CTVA	Corteva, Inc.	57,353	$3.371M	0.6%	—	—	COM	22052L104
C	Citigroup Inc.	74,375	$3.364M	0.6%	—	—	COM	172967424
PG	Procter & Gamble Co.	20,870	$3.163M	0.5%	—	—	COM	742718109
—	Raytheon Technologies	31,116	$3.14M	0.5%	—	—	COM	75513e101
MCD	McDonalds Corp	11,832	$3.118M	0.5%	—	—	COM	580135101
CE	Celanese Corp	29,325	$2.998M	0.5%	—	—	COM	150870103
BEN	Franklin Resources Inc.	110,973	$2.927M	0.5%	—	—	COM	354613101
DOW	Dow Inc.	57,186	$2.882M	0.5%	—	—	COM	260557103
BA	Boeing Company	15,079	$2.872M	0.5%	—	—	COM	097023105
—	Arcos Dorados Hldgs.	341,247	$2.853M	0.5%	—	—	FOR	g0457f107
—	The Mosaic Company	63,881	$2.802M	0.5%	—	—	COM	61945c103
UPS	United Parcel Service Inc.	16,111	$2.801M	0.5%	—	—	COM	911312106
—	Unum Group	63,102	$2.589M	0.4%	—	—	COM	91529y106
MDLZ	Mondelez International, Inc.	37,052	$2.47M	0.4%	—	—	COM	609207105
—	Textainer Group Holdings Limit	78,175	$2.424M	0.4%	—	—	FOR	g8766e109
FDX	Fedex Corp	13,935	$2.414M	0.4%	—	—	COM	31428X106
CTSH	Cognizant Technology Solutions	41,893	$2.396M	0.4%	—	—	COM	192446102
CSCO	Cisco Sys Inc.	49,906	$2.378M	0.4%	—	—	COM	17275R102
AMGN	Amgen Inc.	8,908	$2.34M	0.4%	—	—	COM	031162100
—	Diageo PLC ADR	11,929	$2.126M	0.4%	—	—	FOR	25243q205
BMY	Bristol Myers Squibb Co.	29,247	$2.104M	0.4%	—	—	COM	110122108
—	America Movil ADR	110,331	$2.008M	0.3%	—	—	FOR	02364W105
UNP	Union Pacific Corp	9,693	$2.007M	0.3%	—	—	COM	907818108
HRB	H&R Block Inc.	54,082	$1.975M	0.3%	—	—	COM	093671105
ADP	Automatic Data Processing	8,022	$1.916M	0.3%	—	—	COM	053015103
PSX	Phillips 66	17,812	$1.854M	0.3%	—	—	COM	718546104
NKE	Nike Inc Class B	15,415	$1.804M	0.3%	—	—	COM	654106103
—	Meta Platforms, Inc.	14,860	$1.788M	0.3%	—	—	COM	30303m102
CPF	Central Pacific Financial Co	88,000	$1.785M	0.3%	—	—	COM	154760409
WBD	Warner Bros. Discovery, Inc.	187,500	$1.778M	0.3%	—	—	COM	934423104
—	DR Horton, Inc	17,220	$1.535M	0.3%	—	—	COM	23331a109
—	Gates Industrial Corporation P	134,399	$1.533M	0.3%	—	—	COM	g39108108
—	Grand Canyon Education, Inc.	14,455	$1.527M	0.3%	—	—	COM	38526m106
WFC	Wells Fargo & Co.	36,567	$1.51M	0.3%	—	—	COM	949746101
YUM	Yum! Brands, Inc.	11,730	$1.502M	0.3%	—	—	COM	988498101
WAFD	Washington Federal	44,102	$1.48M	0.3%	—	—	COM	938824109
XOM	Exxon Mobil Corp	12,866	$1.419M	0.2%	—	—	COM	30231G102
—	Ameriprise Financial Inc.	4,538	$1.413M	0.2%	—	—	COM	03076c106
VZ	Verizon Communications	34,796	$1.371M	0.2%	—	—	COM	92343V104
DIS	The Walt Disney Co.	15,763	$1.369M	0.2%	—	—	COM	254687106
—	Organon & Co.	48,254	$1.348M	0.2%	—	—	COM	68622v106
LINC	Lincoln Educational	228,374	$1.322M	0.2%	—	—	COM	533535100
SBUX	Starbucks Corp	13,253	$1.315M	0.2%	—	—	COM	855244109
—	General Motors Company	38,674	$1.301M	0.2%	—	—	COM	37045v100
GSK	Glaxo SmithKline ADS	35,103	$1.234M	0.2%	—	—	FOR	37733W204
—	Alibaba Group Holding Limited	12,950	$1.141M	0.2%	—	—	FOR	01609w102
GILD	Gilead Sciences Inc.	13,208	$1.134M	0.2%	—	—	COM	375558103
—	Trane Technologies PLC	6,705	$1.127M	0.2%	—	—	FOR	g8994e103
AXP	American Express Co.	7,273	$1.075M	0.2%	—	—	COM	025816109
ORCL	Oracle Corp	12,618	$1.031M	0.2%	—	—	COM	68389X105
SHEL	Shell PLC	17,496	$996K	0.2%	—	—	FOR	780259305
CAG	ConAgra Foods Inc.	25,460	$985K	0.2%	—	—	COM	205887102
—	Sally Beauty Holdings Inc.	78,686	$985K	0.2%	—	—	COM	79546e104
—	FirstService Corp Voting Share	7,123	$873K	0.2%	—	—	FOR	33767e103
—	AON Plc	2,852	$856K	0.1%	—	—	FOR	g0403h108
CAT	Caterpillar Inc.	3,540	$848K	0.1%	—	—	COM	149123101
LW	Lamb Weston Holdings	8,288	$741K	0.1%	—	—	COM	513272104
LMT	Lockheed Martin Corp	1,520	$739K	0.1%	—	—	COM	539830109
—	Manitex Intl	177,281	$709K	0.1%	—	—	COM	563420108
INTC	Intel Corp.	25,996	$687K	0.1%	—	—	COM	458140100
FORR	Forrester Research Inc.	19,050	$681K	0.1%	—	—	COM	346563109
CIGI	Colliers International Group	7,160	$659K	0.1%	—	—	FOR	194693107
PH	Parker-Hannifin Corp.	2,255	$656K	0.1%	—	—	COM	701094104
—	AT & T, Inc. New	33,863	$623K	0.1%	—	—	COM	00206r102
TELFY	Telefonica S.A. ADR	169,679	$606K	0.1%	—	—	FOR	879382208
CAE	CAE Inc.	30,935	$598K	0.1%	—	—	FOR	124765108
—	Yum China Holdings, Inc.	10,645	$582K	0.1%	—	—	FOR	98850p109
AGCO	AGCO Corp	4,150	$576K	0.1%	—	—	COM	001084102
KHC	The Kraft Heinz Company	11,872	$483K	0.1%	—	—	COM	500754106
—	Keurig Dr. Pepper Inc.	12,924	$461K	0.1%	—	—	COM	49271v100
AMZN	Amazon.com, Inc.	5,290	$444K	0.1%	—	—	COM	023135106
—	Paramount Global B	25,911	$437K	0.1%	—	—	COM	92556h206
IFF	International Flavors & Fragra	4,135	$434K	0.1%	—	—	COM	459506101
ALK	Alaska Air Group Inc.	9,845	$423K	0.1%	—	—	COM	011659109
USB	US Bancorp Delaware New	9,535	$416K	0.1%	—	—	COM	902973304
—	Alphabet, Inc Non-Voting Class	4,620	$410K	0.1%	—	—	COM	02079k107
TSM	Taiwan Semiconductor Manufactu	5,487	$409K	0.1%	—	—	FOR	874039100
WY	Weyerhaeuser Co.	12,832	$398K	0.1%	—	—	COM	962166104
—	Allegion PLC	3,605	$379K	0.1%	—	—	FOR	g0176j109
WU	Western Union Company	25,873	$356K	0.1%	—	—	COM	959802109
HLN	Haleon PLC	44,396	$355K	0.1%	—	—	FOR	405552100
—	Alkermes PLC	13,541	$354K	0.1%	—	—	FOR	g01767105
—	ManpowerGroup Inc.	4,090	$340K	0.1%	—	—	COM	56418h100
QCOM	Qualcomm Inc	3,042	$334K	0.1%	—	—	COM	747525103
—	Ingersoll Rand Inc.	6,055	$316K	0.1%	—	—	COM	45687v106
KLAC	Kla-Tencor Corp	835	$315K	0.1%	—	—	COM	482480100
TPR	Tapestry Inc.	8,105	$309K	0.1%	—	—	COM	876030107
HPQ	HP Inc.	11,074	$298K	0.1%	—	—	COM	40434L105
—	Interpublic Group	8,862	$295K	0.1%	—	—	COM	460690100
—	Laboratory Corp. of America	1,195	$281K	0.0%	—	—	COM	50540r409
WM	Waste Management Inc. Del	1,757	$276K	0.0%	—	—	COM	94106L109
LLY	Eli Lilly & Co	726	$266K	0.0%	—	—	COM	532457108
NUE	Nucor Corp	1,960	$258K	0.0%	—	—	COM	670346105
ITW	Illinois Tool Works Inc.	1,104	$243K	0.0%	—	—	COM	452308109
CSX	CSX Corp	7,566	$234K	0.0%	—	—	COM	126408103
ADBE	Adobe Systems Inc	684	$230K	0.0%	—	—	COM	00724F101
GPC	Genuine Parts Co	1,290	$224K	0.0%	—	—	COM	372460105
DAL	Delta Airlines - New	6,800	$223K	0.0%	—	—	COM	247361702
VALU	Value Line Inc.	4,339	$221K	0.0%	—	—	COM	920437100
SM	SM Energy Company	6,290	$219K	0.0%	—	—	COM	78454L100
TM	Toyota Motor Corp ADR	1,590	$217K	0.0%	—	—	FOR	892331307
GIS	General Mills	2,526	$212K	0.0%	—	—	COM	370334104
—	Enbridge Inc.	5,257	$206K	0.0%	—	—	FOR	29250n105
—	General Electric Co.	2,408	$202K	0.0%	—	—	COM	369604103
—	Hewlett Packard Enterprise Co.	11,821	$189K	0.0%	—	—	COM	42824c109
F	Ford Motor Co.- New	14,882	$173K	0.0%	—	—	COM	345370860
—	Credit Suisse Group ADR	40,101	$122K	0.0%	—	—	FOR	225401108
—	Global Medical REIT, Inc.	12,000	$114K	0.0%	—	—	COM	37954a204
LUMN	Lumen Technologies, Inc.	13,034	$68,037	0.0%	—	—	COM	550241103
NOK	Nokia Corp Sponsored ADR	14,307	$66,384	0.0%	—	—	FOR	654902204
—	WW International, Inc.	11,977	$46,231	0.0%	—	—	COM	98262p101
LYG	Lloyds TSB Group	16,500	$36,300	0.0%	—	—	COM	539439109
—	IsoRay, Inc.	14,218	$3,513	0.0%	—	—	COM	46489v104