Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp.	113,883	$42.82M	6.9%	—	—	COM	594918104
—	UnitedHealth Group Inc.	67,422	$35.5M	5.7%	—	—	COM	91324p102
ELV	Elevance Health Inc.	46,084	$21.73M	3.5%	—	—	COM	036752103
PM	Philip Morris International	210,227	$19.78M	3.2%	—	—	COM	718172109
KR	Kroger Co.	375,728	$17.17M	2.8%	—	—	COM	501044101
—	Mastercard Inc.	38,881	$16.58M	2.7%	—	—	COM	57636q104
PEP	Pepsico Inc.	80,581	$13.69M	2.2%	—	—	COM	713448108
—	Merck & Co.Inc. New	122,795	$13.39M	2.2%	—	—	COM	58933y105
—	Alphabet, Inc Voting Class	87,692	$12.25M	2.0%	—	—	COM	02079k305
—	Medtronic PLC	146,987	$12.11M	2.0%	—	—	FOR	g5960L103
JNJ	Johnson & Johnson	75,532	$11.84M	1.9%	—	—	COM	478160104
BK	Bank of New York Mellon Corp	223,444	$11.63M	1.9%	—	—	COM	064058100
BAC	Bank of America Corp	342,363	$11.53M	1.9%	—	—	COM	060505104
—	Visa, Inc.	42,187	$10.98M	1.8%	—	—	COM	92826c839
AFL	AFLAC Inc.	120,041	$9.903M	1.6%	—	—	COM	001055102
LOW	Lowes Companies	41,000	$9.125M	1.5%	—	—	COM	548661107
—	The Travelers Companies Inc.	47,274	$9.005M	1.5%	—	—	COM	89417e109
BRK/B	Berkshire Hathaway Inc. Class	25,078	$8.944M	1.4%	—	—	COM	084670702
CVS	CVS Health Corp.	111,680	$8.818M	1.4%	—	—	COM	126650100
HD	Home Depot Inc.	25,344	$8.783M	1.4%	—	—	COM	437076102
ABT	Abbott Laboratories	72,638	$7.995M	1.3%	—	—	COM	002824100
—	Valero Energy Corp.	60,188	$7.824M	1.3%	—	—	COM	91913y100
WMT	Wal Mart Stores	49,461	$7.798M	1.3%	—	—	COM	931142103
CI	The Cigna Group	25,483	$7.631M	1.2%	—	—	COM	125523100
BKNG	Booking Holdings Inc.	2,148	$7.619M	1.2%	—	—	COM	09857L108
—	Zimmer Biomet Holdings	61,395	$7.472M	1.2%	—	—	COM	98956p102
AIG	American International Group	105,759	$7.165M	1.2%	—	—	COM	026874784
BP	BP p.l.c.	194,004	$6.868M	1.1%	—	—	FOR	055622104
—	Molson Coors Brewing Co	112,181	$6.867M	1.1%	—	—	COM	60871r209
MRSH	Marsh & McLennan Co.	35,813	$6.785M	1.1%	—	—	COM	571748102
—	LyondellBasell Industries N.V.	66,666	$6.339M	1.0%	—	—	FOR	n53745100
—	Altria Group Inc.	155,267	$6.263M	1.0%	—	—	COM	02209s103
—	Costco Wholesale Corp	8,704	$5.745M	0.9%	—	—	COM	22160k105
KO	Coca-Cola Company	96,829	$5.706M	0.9%	—	—	COM	191216100
—	Biogen Inc.	21,658	$5.604M	0.9%	—	—	COM	09062x103
AAPL	Apple, Inc.	29,013	$5.586M	0.9%	—	—	COM	037833100
—	AbbVie, Inc.	35,402	$5.486M	0.9%	—	—	COM	00287y109
—	Meta Platforms, Inc.	14,630	$5.178M	0.8%	—	—	COM	30303m102
—	Unilever PCL ADR	105,003	$5.091M	0.8%	—	—	FOR	904767704
PAYX	Paychex Inc.	41,369	$4.927M	0.8%	—	—	COM	704326107
GLW	Corning Inc	158,476	$4.826M	0.8%	—	—	COM	219350105
BTI	British American Tobacco	159,167	$4.662M	0.8%	—	—	FOR	110448107
CE	Celanese Corp	28,274	$4.393M	0.7%	—	—	COM	150870103
—	Comcast Corp Cl A	95,601	$4.192M	0.7%	—	—	COM	20030n101
—	Monster Beverage Corp.	71,600	$4.125M	0.7%	—	—	COM	61174x109
CVX	Chevron Corp.	27,444	$4.094M	0.7%	—	—	COM	166764100
DGX	Quest Diagnostics Inc.	28,300	$3.902M	0.6%	—	—	COM	74834L100
—	Arcos Dorados Hldgs.	307,356	$3.9M	0.6%	—	—	FOR	g0457f107
—	DuPont de Nemours, Inc	50,343	$3.873M	0.6%	—	—	COM	26614n102
BA	Boeing Company	14,528	$3.787M	0.6%	—	—	COM	097023105
C	Citigroup Inc.	71,571	$3.682M	0.6%	—	—	COM	172967424
—	Textainer Group Holdings Limit	72,338	$3.559M	0.6%	—	—	FOR	g8766e109
FDX	Fedex Corp	13,526	$3.422M	0.6%	—	—	COM	31428X106
MCD	McDonalds Corp	11,451	$3.395M	0.5%	—	—	COM	580135101
—	ConocoPhillips	28,627	$3.323M	0.5%	—	—	COM	20825c104
—	RTX Corp.	38,895	$3.273M	0.5%	—	—	COM	75513e101
BDX	Becton Dickinson & Co	13,165	$3.21M	0.5%	—	—	COM	075887109
DOW	Dow Inc.	56,016	$3.072M	0.5%	—	—	COM	260557103
CTSH	Cognizant Technology Solutions	40,481	$3.058M	0.5%	—	—	COM	192446102
PG	Procter & Gamble Co.	20,324	$2.978M	0.5%	—	—	COM	742718109
CTVA	Corteva, Inc.	58,627	$2.809M	0.5%	—	—	COM	22052L104
—	Unum Group	59,297	$2.681M	0.4%	—	—	COM	91529y106
MDLZ	Mondelez International, Inc.	35,951	$2.604M	0.4%	—	—	COM	609207105
AMGN	Amgen Inc.	9,015	$2.596M	0.4%	—	—	COM	031162100
—	DR Horton, Inc	16,700	$2.538M	0.4%	—	—	COM	23331a109
UPS	United Parcel Service Inc.	15,538	$2.443M	0.4%	—	—	COM	911312106
HRB	H&R Block Inc.	49,875	$2.412M	0.4%	—	—	COM	093671105
CSCO	Cisco Sys Inc.	47,042	$2.377M	0.4%	—	—	COM	17275R102
LINC	Lincoln Educational	233,324	$2.343M	0.4%	—	—	COM	533535100
PSX	Phillips 66	17,480	$2.327M	0.4%	—	—	COM	718546104
UNP	Union Pacific Corp	9,435	$2.317M	0.4%	—	—	COM	907818108
—	Gates Industrial Corporation P	167,949	$2.254M	0.4%	—	—	COM	g39108108
—	The Mosaic Company	61,923	$2.213M	0.4%	—	—	COM	61945c103
WBD	Warner Bros. Discovery, Inc.	191,789	$2.183M	0.4%	—	—	COM	934423104
PFE	Pfizer Inc.	71,530	$2.059M	0.3%	—	—	COM	717081103
—	Diageo PLC ADR	13,284	$1.935M	0.3%	—	—	FOR	25243q205
—	Grand Canyon Education, Inc.	14,455	$1.909M	0.3%	—	—	COM	38526m106
ADP	Automatic Data Processing	7,705	$1.795M	0.3%	—	—	COM	053015103
BEN	Franklin Resources Inc.	60,060	$1.789M	0.3%	—	—	COM	354613101
CPF	Central Pacific Financial Corp	87,400	$1.72M	0.3%	—	—	COM	154760409
WFC	Wells Fargo & Co.	34,702	$1.708M	0.3%	—	—	COM	949746101
—	Ameriprise Financial Inc.	4,401	$1.672M	0.3%	—	—	COM	03076c106
—	Trane Technologies PLC	6,683	$1.63M	0.3%	—	—	FOR	g8994e103
—	Keurig Dr. Pepper Inc.	47,299	$1.576M	0.3%	—	—	COM	49271v100
—	America Movil ADR	83,291	$1.543M	0.2%	—	—	FOR	02390a101
NKE	Nike Inc Class B	14,116	$1.533M	0.2%	—	—	COM	654106103
HSY	Hershey Company	8,210	$1.531M	0.2%	—	—	COM	427866108
—	Manitex Intl	170,581	$1.491M	0.2%	—	—	COM	563420108
YUM	Yum! Brands, Inc.	11,395	$1.489M	0.2%	—	—	COM	988498101
DIS	The Walt Disney Co.	15,312	$1.383M	0.2%	—	—	COM	254687106
BMY	Bristol Myers Squibb Co.	26,774	$1.374M	0.2%	—	—	COM	110122108
AXP	American Express Co.	7,263	$1.361M	0.2%	—	—	COM	025816109
ORCL	Oracle Corp	12,673	$1.336M	0.2%	—	—	COM	68389X105
WAFD	Washington Federal	39,944	$1.317M	0.2%	—	—	COM	938824109
GPC	Genuine Parts Co	9,308	$1.289M	0.2%	—	—	COM	372460105
XOM	Exxon Mobil Corp	12,721	$1.272M	0.2%	—	—	COM	30231G102
VZ	Verizon Communications	33,125	$1.249M	0.2%	—	—	COM	92343V104
GSK	Glaxo SmithKline ADS	33,592	$1.245M	0.2%	—	—	FOR	37733W204
INTC	Intel Corp.	24,686	$1.24M	0.2%	—	—	COM	458140100
SBUX	Starbucks Corp	12,624	$1.212M	0.2%	—	—	COM	855244109
—	General Motors Company	33,711	$1.211M	0.2%	—	—	COM	37045v100
—	Sally Beauty Holdings Inc.	90,427	$1.201M	0.2%	—	—	COM	79546e104
SHEL	Shell PLC	17,566	$1.156M	0.2%	—	—	FOR	780259305
—	FirstService Corp Voting Share	6,873	$1.114M	0.2%	—	—	FOR	33767e202
PH	Parker-Hannifin Corp.	2,262	$1.042M	0.2%	—	—	COM	701094104
GILD	Gilead Sciences Inc.	12,217	$990K	0.2%	—	—	COM	375558103
CIGI	Colliers International Group	7,660	$969K	0.2%	—	—	FOR	194693107
FORR	Forrester Research Inc.	35,783	$959K	0.2%	—	—	COM	346563109
CAT	Caterpillar Inc.	3,230	$955K	0.2%	—	—	COM	149123101
AMZN	Amazon.com, Inc.	5,590	$849K	0.1%	—	—	COM	023135106
—	AON Plc	2,742	$798K	0.1%	—	—	FOR	g0403h108
CAE	CAE Inc.	36,935	$797K	0.1%	—	—	FOR	124765108
—	Alibaba Group Holding Limited	10,169	$788K	0.1%	—	—	FOR	01609w102
TELFY	Telefonica S.A. ADR	184,036	$718K	0.1%	—	—	FOR	879382208
—	Alphabet, Inc Non-Voting Class	4,954	$698K	0.1%	—	—	COM	02079k107
CAG	ConAgra Foods Inc.	23,845	$683K	0.1%	—	—	COM	205887102
LMT	Lockheed Martin Corp	1,498	$679K	0.1%	—	—	COM	539830109
GD	General Dynamics	2,382	$619K	0.1%	—	—	COM	369550108
—	Domino's Pizza Inc.	1,400	$577K	0.1%	—	—	COM	25754a201
TSM	Taiwan Semiconductor Manufactu	5,487	$571K	0.1%	—	—	FOR	874039100
—	Organon & Co.	39,107	$564K	0.1%	—	—	COM	68622v106
AGCO	AGCO Corp	4,150	$504K	0.1%	—	—	COM	001084102
USB	US Bancorp Delaware New	11,509	$498K	0.1%	—	—	COM	902973304
—	Kenvue Inc.	22,641	$487K	0.1%	—	—	COM	49177j102
KLAC	KLA Corporation	835	$485K	0.1%	—	—	COM	482480100
—	Ingersoll Rand Inc.	6,055	$468K	0.1%	—	—	COM	45687v106
—	Allegion PLC	3,605	$457K	0.1%	—	—	FOR	g0176j109
QCOM	Qualcomm Inc	3,042	$440K	0.1%	—	—	COM	747525103
LW	Lamb Weston Holdings	4,061	$439K	0.1%	—	—	COM	513272104
—	Yum China Holdings, Inc.	10,268	$436K	0.1%	—	—	FOR	98850p109
—	AT & T, Inc. New	25,642	$430K	0.1%	—	—	COM	00206r102
—	Devon Energy Corp.	9,400	$426K	0.1%	—	—	COM	25179m103
LLY	Eli Lilly & Co	711	$414K	0.1%	—	—	COM	532457108
KHC	The Kraft Heinz Company	10,954	$405K	0.1%	—	—	COM	500754106
ADBE	Adobe Systems Inc	673	$402K	0.1%	—	—	COM	00724F101
WY	Weyerhaeuser Co.	11,156	$388K	0.1%	—	—	COM	962166104
—	Ferguson PLC	2,000	$386K	0.1%	—	—	FOR	g3421j106
—	Johnson Controls Intl. PLC	6,499	$375K	0.1%	—	—	FOR	g51502105
HPQ	HP Inc.	12,212	$367K	0.1%	—	—	COM	40434L105
—	Alkermes PLC	13,191	$366K	0.1%	—	—	FOR	g01767105
HLN	Haleon PLC	43,305	$356K	0.1%	—	—	FOR	405552100
ALK	Alaska Air Group Inc.	9,045	$353K	0.1%	—	—	COM	011659109
TSCO	Tractor Supply Co.	1,600	$344K	0.1%	—	—	COM	892356106
NUE	Nucor Corp	1,957	$341K	0.1%	—	—	COM	670346105
IFF	International Flavors & Fragra	3,962	$321K	0.1%	—	—	COM	459506101
—	General Electric Co.	2,453	$313K	0.1%	—	—	COM	369604103
—	ManpowerGroup Inc.	3,932	$312K	0.1%	—	—	COM	56418h100
—	Arch Capital Group Ltd	4,100	$305K	0.0%	—	—	FOR	g0450a105
—	Paramount Global B	20,237	$299K	0.0%	—	—	COM	92556h206
ITW	Illinois Tool Works Inc.	1,119	$293K	0.0%	—	—	COM	452308109
WU	Western Union Company	24,464	$292K	0.0%	—	—	COM	959802109
WM	Waste Management Inc. Del	1,607	$288K	0.0%	—	—	COM	94106L109
—	Interpublic Group	8,812	$288K	0.0%	—	—	COM	460690100
TPR	Tapestry Inc.	7,480	$275K	0.0%	—	—	COM	876030107
TM	Toyota Motor Corp ADR	1,474	$270K	0.0%	—	—	FOR	892331307
CSX	CSX Corp	7,566	$262K	0.0%	—	—	COM	126408103
DAL	Delta Airlines - New	6,425	$258K	0.0%	—	—	COM	247361702
ANDE	Andersons Inc.	4,489	$258K	0.0%	—	—	COM	034164103
EFX	Equifax Inc.	1,000	$247K	0.0%	—	—	COM	294429105
DE	Deere & Co	610	$244K	0.0%	—	—	COM	244199105
—	Hewlett Packard Enterprise Co.	13,559	$230K	0.0%	—	—	COM	42824c109
SYK	Stryker Corporation	755	$226K	0.0%	—	—	COM	863667101
OXY	Occidental Petroleum Corp	3,717	$222K	0.0%	—	—	COM	674599105
—	Laboratory Corp. of America	975	$222K	0.0%	—	—	COM	50540r409
—	ASML Holding N.V.	277	$210K	0.0%	—	—	FOR	n07059178
AMAT	Applied Materials Inc Delaware	1,283	$208K	0.0%	—	—	COM	038222105
VALU	Value Line Inc.	4,239	$207K	0.0%	—	—	COM	920437100
SM	SM Energy Company	5,240	$203K	0.0%	—	—	COM	78454L100
F	Ford Motor Co.- New	14,426	$176K	0.0%	—	—	COM	345370860
—	WW International, Inc.	11,233	$98,289	0.0%	—	—	COM	98262p101
NOK	Nokia Corp Sponsored ADR	12,947	$44,279	0.0%	—	—	FOR	654902204
LYG	Lloyds TSB Group	11,500	$27,485	0.0%	—	—	COM	539439109
—	Perspective Therapeutics	10,218	$4,108	0.0%	—	—	COM	46489v104