Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	79,497	$40.08M	6.8%	—	—	COM	91324p102
MSFT	Microsoft Corp.	115,083	$36.34M	6.2%	—	—	COM	594918104
ELV	Elevance Health Inc.	46,328	$20.17M	3.4%	—	—	COM	036752103
PM	Philip Morris International	206,167	$19.09M	3.3%	—	—	COM	718172109
KR	Kroger Co.	376,492	$16.85M	2.9%	—	—	COM	501044101
—	Mastercard Inc.	39,181	$15.51M	2.6%	—	—	COM	57636q104
PEP	Pepsico Inc.	80,858	$13.7M	2.3%	—	—	COM	713448108
—	Merck & Co.Inc. New	124,131	$12.78M	2.2%	—	—	COM	58933y105
JNJ	Johnson & Johnson	76,265	$11.88M	2.0%	—	—	COM	478160104
—	Alphabet, Inc Voting Class	88,512	$11.58M	2.0%	—	—	COM	02079k305
—	Medtronic PLC	147,242	$11.54M	2.0%	—	—	FOR	g5960L103
—	Visa, Inc.	42,487	$9.772M	1.7%	—	—	COM	92826c839
BK	Bank of New York Mellon Corp	227,759	$9.714M	1.7%	—	—	COM	064058100
AFL	AFLAC Inc.	126,169	$9.683M	1.7%	—	—	COM	001055102
BAC	Bank of America Corp	344,372	$9.429M	1.6%	—	—	COM	060505104
BRK/B	Berkshire Hathaway Inc. Class	25,206	$8.83M	1.5%	—	—	COM	084670702
—	Valero Energy Corp.	60,638	$8.593M	1.5%	—	—	COM	91913y100
LOW	Lowes Companies	40,743	$8.468M	1.4%	—	—	COM	548661107
—	The Travelers Companies Inc.	49,556	$8.093M	1.4%	—	—	COM	89417e109
WMT	Wal Mart Stores	50,553	$8.085M	1.4%	—	—	COM	931142103
CVS	CVS Health Corp.	114,578	$8M	1.4%	—	—	COM	126650100
HD	Home Depot Inc.	25,857	$7.813M	1.3%	—	—	COM	437076102
BP	BP p.l.c.	200,954	$7.781M	1.3%	—	—	FOR	055622104
CI	The Cigna Group	25,699	$7.352M	1.3%	—	—	COM	125523100
—	Molson Coors Brewing Co	112,724	$7.168M	1.2%	—	—	COM	60871r209
ABT	Abbott Laboratories	73,447	$7.113M	1.2%	—	—	COM	002824100
—	Zimmer Biomet Holdings	61,739	$6.928M	1.2%	—	—	COM	98956p102
MRSH	Marsh & McLennan Co.	36,130	$6.876M	1.2%	—	—	COM	571748102
BKNG	Booking Holdings Inc.	2,167	$6.683M	1.1%	—	—	COM	09857L108
—	Altria Group Inc.	157,297	$6.614M	1.1%	—	—	COM	02209s103
AIG	American International Group	107,394	$6.508M	1.1%	—	—	COM	026874784
—	LyondellBasell Industries N.V.	67,394	$6.382M	1.1%	—	—	FOR	n53745100
—	Biogen Inc.	21,760	$5.593M	1.0%	—	—	COM	09062x103
KO	Coca-Cola Company	97,234	$5.443M	0.9%	—	—	COM	191216100
—	AbbVie, Inc.	36,235	$5.401M	0.9%	—	—	COM	00287y109
—	Unilever PCL ADR	105,503	$5.212M	0.9%	—	—	FOR	904767704
BTI	British American Tobacco	162,410	$5.101M	0.9%	—	—	FOR	110448107
—	Costco Wholesale Corp	9,008	$5.089M	0.9%	—	—	COM	22160k105
AAPL	Apple, Inc.	29,483	$5.048M	0.9%	—	—	COM	037833100
GLW	Corning Inc	159,826	$4.87M	0.8%	—	—	COM	219350105
PAYX	Paychex Inc.	41,511	$4.787M	0.8%	—	—	COM	704326107
CVX	Chevron Corp.	26,869	$4.531M	0.8%	—	—	COM	166764100
—	Meta Platforms, Inc.	14,770	$4.434M	0.8%	—	—	COM	30303m102
—	Comcast Corp Cl A	96,971	$4.3M	0.7%	—	—	COM	20030n101
—	Monster Beverage Corp.	71,600	$3.791M	0.6%	—	—	COM	61174x109
—	DuPont de Nemours, Inc	50,673	$3.78M	0.6%	—	—	COM	26614n102
FDX	Fedex Corp	13,821	$3.662M	0.6%	—	—	COM	31428X106
CE	Celanese Corp	28,455	$3.572M	0.6%	—	—	COM	150870103
—	ConocoPhillips	29,144	$3.491M	0.6%	—	—	COM	20825c104
DGX	Quest Diagnostics Inc.	28,375	$3.458M	0.6%	—	—	COM	74834L100
BDX	Becton Dickinson & Co	13,165	$3.404M	0.6%	—	—	COM	075887109
CTVA	Corteva, Inc.	60,588	$3.1M	0.5%	—	—	COM	22052L104
MCD	McDonalds Corp	11,667	$3.074M	0.5%	—	—	COM	580135101
—	Arcos Dorados Hldgs.	321,418	$3.041M	0.5%	—	—	FOR	g0457f107
C	Citigroup Inc.	72,796	$2.994M	0.5%	—	—	COM	172967424
PG	Procter & Gamble Co.	20,448	$2.983M	0.5%	—	—	COM	742718109
DOW	Dow Inc.	57,061	$2.942M	0.5%	—	—	COM	260557103
—	Unum Group	59,662	$2.935M	0.5%	—	—	COM	91529y106
BA	Boeing Company	14,846	$2.846M	0.5%	—	—	COM	097023105
CTSH	Cognizant Technology Solutions	41,628	$2.82M	0.5%	—	—	COM	192446102
—	Textainer Group Holdings Limit	74,410	$2.772M	0.5%	—	—	FOR	g8766e109
—	RTX Corp.	37,895	$2.727M	0.5%	—	—	COM	75513e101
BEN	Franklin Resources Inc.	108,823	$2.675M	0.5%	—	—	COM	354613101
CSCO	Cisco Sys Inc.	48,357	$2.6M	0.4%	—	—	COM	17275R102
AMGN	Amgen Inc.	9,390	$2.524M	0.4%	—	—	COM	031162100
MDLZ	Mondelez International, Inc.	36,333	$2.522M	0.4%	—	—	COM	609207105
UPS	United Parcel Service Inc.	15,904	$2.479M	0.4%	—	—	COM	911312106
PFE	Pfizer Inc.	72,100	$2.392M	0.4%	—	—	COM	717081103
HRB	H&R Block Inc.	53,577	$2.307M	0.4%	—	—	COM	093671105
—	The Mosaic Company	63,239	$2.251M	0.4%	—	—	COM	61945c103
PSX	Phillips 66	17,787	$2.137M	0.4%	—	—	COM	718546104
WBD	Warner Bros. Discovery, Inc.	186,702	$2.028M	0.3%	—	—	COM	934423104
—	Gates Industrial Corporation P	174,349	$2.024M	0.3%	—	—	COM	g39108108
LINC	Lincoln Educational	233,324	$1.972M	0.3%	—	—	COM	533535100
UNP	Union Pacific Corp	9,460	$1.926M	0.3%	—	—	COM	907818108
—	Diageo PLC ADR	12,484	$1.862M	0.3%	—	—	FOR	25243q205
ADP	Automatic Data Processing	7,725	$1.858M	0.3%	—	—	COM	053015103
—	DR Horton, Inc	16,980	$1.825M	0.3%	—	—	COM	23331a109
—	Grand Canyon Education, Inc.	14,455	$1.69M	0.3%	—	—	COM	38526m106
BMY	Bristol Myers Squibb Co.	28,823	$1.673M	0.3%	—	—	COM	110122108
WFC	Wells Fargo & Co.	37,477	$1.531M	0.3%	—	—	COM	949746101
XOM	Exxon Mobil Corp	12,963	$1.524M	0.3%	—	—	COM	30231G102
—	Ameriprise Financial Inc.	4,468	$1.473M	0.3%	—	—	COM	03076c106
CPF	Central Pacific Financial Corp	87,600	$1.461M	0.2%	—	—	COM	154760409
YUM	Yum! Brands, Inc.	11,680	$1.459M	0.2%	—	—	COM	988498101
—	America Movil ADR	83,291	$1.443M	0.2%	—	—	FOR	02390a101
ORCL	Oracle Corp	13,098	$1.387M	0.2%	—	—	COM	68389X105
NKE	Nike Inc Class B	14,440	$1.381M	0.2%	—	—	COM	654106103
—	Keurig Dr. Pepper Inc.	43,499	$1.373M	0.2%	—	—	COM	49271v100
—	Trane Technologies PLC	6,683	$1.356M	0.2%	—	—	FOR	g8994e103
GSK	Glaxo SmithKline ADS	35,296	$1.279M	0.2%	—	—	FOR	37733W204
DIS	The Walt Disney Co.	15,484	$1.255M	0.2%	—	—	COM	254687106
GPC	Genuine Parts Co	8,458	$1.221M	0.2%	—	—	COM	372460105
SHEL	Shell PLC	18,381	$1.183M	0.2%	—	—	FOR	780259305
SBUX	Starbucks Corp	12,724	$1.161M	0.2%	—	—	COM	855244109
—	General Motors Company	34,374	$1.133M	0.2%	—	—	COM	37045v100
—	Alibaba Group Holding Limited	12,920	$1.121M	0.2%	—	—	FOR	01609w102
VZ	Verizon Communications	34,366	$1.114M	0.2%	—	—	COM	92343V104
WAFD	Washington Federal	42,344	$1.085M	0.2%	—	—	COM	938824109
AXP	American Express Co.	7,263	$1.084M	0.2%	—	—	COM	025816109
FORR	Forrester Research Inc.	35,783	$1.034M	0.2%	—	—	COM	346563109
—	FirstService Corp Voting Share	6,873	$1M	0.2%	—	—	FOR	33767e202
GILD	Gilead Sciences Inc.	12,583	$943K	0.2%	—	—	COM	375558103
—	AON Plc	2,847	$923K	0.2%	—	—	FOR	g0403h108
CAT	Caterpillar Inc.	3,330	$909K	0.2%	—	—	COM	149123101
PH	Parker-Hannifin Corp.	2,332	$908K	0.2%	—	—	COM	701094104
CIGI	Colliers International Group	9,460	$901K	0.2%	—	—	FOR	194693107
INTC	Intel Corp.	24,873	$884K	0.2%	—	—	COM	458140100
—	Organon & Co.	47,462	$824K	0.1%	—	—	COM	68622v106
—	Manitex Intl	175,481	$819K	0.1%	—	—	COM	563420108
CAE	CAE Inc.	30,935	$722K	0.1%	—	—	FOR	124765108
AMZN	Amazon.com, Inc.	5,390	$685K	0.1%	—	—	COM	023135106
CAG	ConAgra Foods Inc.	24,070	$660K	0.1%	—	—	COM	205887102
—	Alphabet, Inc Non-Voting Class	4,954	$653K	0.1%	—	—	COM	02079k107
TELFY	Telefonica S.A. ADR	159,809	$650K	0.1%	—	—	FOR	879382208
—	Sally Beauty Holdings Inc.	76,156	$638K	0.1%	—	—	COM	79546e104
LMT	Lockheed Martin Corp	1,523	$623K	0.1%	—	—	COM	539830109
—	Yum China Holdings, Inc.	10,620	$592K	0.1%	—	—	FOR	98850p109
—	Domino's Pizza Inc.	1,400	$530K	0.1%	—	—	COM	25754a201
GD	General Dynamics	2,372	$524K	0.1%	—	—	COM	369550108
—	AT & T, Inc. New	33,066	$497K	0.1%	—	—	COM	00206r102
AGCO	AGCO Corp	4,150	$491K	0.1%	—	—	COM	001084102
TSM	Taiwan Semiconductor Manufactu	5,487	$477K	0.1%	—	—	FOR	874039100
—	Kenvue Inc.	22,657	$455K	0.1%	—	—	COM	49177j102
LLY	Eli Lilly & Co	736	$395K	0.1%	—	—	COM	532457108
WY	Weyerhaeuser Co.	12,616	$387K	0.1%	—	—	COM	962166104
—	Ingersoll Rand Inc.	6,055	$386K	0.1%	—	—	COM	45687v106
KLAC	KLA Corporation	835	$383K	0.1%	—	—	COM	482480100
USB	US Bancorp Delaware New	11,509	$380K	0.1%	—	—	COM	902973304
—	Ferguson PLC	2,300	$378K	0.1%	—	—	FOR	g3421j106
KHC	The Kraft Heinz Company	11,182	$376K	0.1%	—	—	COM	500754106
—	Allegion PLC	3,605	$376K	0.1%	—	—	FOR	g0176j109
LW	Lamb Weston Holdings	4,061	$375K	0.1%	—	—	COM	513272104
HLN	Haleon PLC	44,756	$373K	0.1%	—	—	FOR	405552100
—	Alkermes PLC	13,191	$369K	0.1%	—	—	FOR	g01767105
ALK	Alaska Air Group Inc.	9,620	$357K	0.1%	—	—	COM	011659109
ADBE	Adobe Systems Inc	673	$343K	0.1%	—	—	COM	00724F101
QCOM	Qualcomm Inc	3,042	$338K	0.1%	—	—	COM	747525103
WU	Western Union Company	24,564	$324K	0.1%	—	—	COM	959802109
NUE	Nucor Corp	1,962	$307K	0.1%	—	—	COM	670346105
—	Paramount Global B	23,707	$306K	0.1%	—	—	COM	92556h206
HPQ	HP Inc.	11,893	$306K	0.1%	—	—	COM	40434L105
—	ManpowerGroup Inc.	4,090	$300K	0.1%	—	—	COM	56418h100
TM	Toyota Motor Corp ADR	1,590	$286K	0.0%	—	—	FOR	892331307
TSCO	Tractor Supply Co.	1,400	$284K	0.0%	—	—	COM	892356106
IFF	International Flavors & Fragra	4,095	$279K	0.0%	—	—	COM	459506101
—	General Electric Co.	2,453	$271K	0.0%	—	—	COM	369604103
ITW	Illinois Tool Works Inc.	1,119	$258K	0.0%	—	—	COM	452308109
—	Interpublic Group	8,812	$253K	0.0%	—	—	COM	460690100
OXY	Occidental Petroleum Corp	3,817	$248K	0.0%	—	—	COM	674599105
DAL	Delta Airlines - New	6,625	$245K	0.0%	—	—	COM	247361702
WM	Waste Management Inc. Del	1,607	$245K	0.0%	—	—	COM	94106L109
—	Johnson Controls Intl. PLC	4,499	$239K	0.0%	—	—	FOR	g51502105
CSX	CSX Corp	7,566	$233K	0.0%	—	—	COM	126408103
ANDE	Andersons Inc.	4,489	$231K	0.0%	—	—	COM	034164103
DE	Deere & Co	610	$230K	0.0%	—	—	COM	244199105
SM	SM Energy Company	5,740	$228K	0.0%	—	—	COM	78454L100
—	Hewlett Packard Enterprise Co.	12,940	$225K	0.0%	—	—	COM	42824c109
TPR	Tapestry Inc.	7,580	$218K	0.0%	—	—	COM	876030107
SYK	Stryker Corporation	755	$206K	0.0%	—	—	COM	863667101
F	Ford Motor Co.- New	14,542	$181K	0.0%	—	—	COM	345370860
—	WW International, Inc.	11,617	$129K	0.0%	—	—	COM	98262p101
—	Global Medical REIT, Inc.	12,000	$108K	0.0%	—	—	COM	37954a204
NOK	Nokia Corp Sponsored ADR	12,947	$48,422	0.0%	—	—	FOR	654902204
LYG	Lloyds TSB Group	11,500	$24,495	0.0%	—	—	COM	539439109
—	Perspective Therapeutics	10,218	$2,797	0.0%	—	—	COM	46489v104