Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp.	144,469	$20.09M	6.9%	$31.77	+308.9%	COM	594918104
AMZN	Amazon.com Inc.	10,593	$18.39M	6.4%	$39.50	+134.8%	COM	023135106
AAPL	Apple Inc.	54,347	$12.17M	4.2%	$31.88	+57.5%	COM	037833100
ADM	Archer Daniels Midland	264,134	$10.85M	3.7%	$25.77	+28.2%	COM	039483102
JPM	JPMorgan Chase & Co	91,638	$10.79M	3.7%	$89.02	+6.8%	COM	46625H100
LOW	Lowes Companies Inc.	93,656	$10.3M	3.6%	$39.86	+135.9%	COM	548661107
GOOG	Alphabet Inc. Class C	7,828	$9.543M	3.3%	$53.63	+9.5%	COM	02079K107
TSM	Taiwan Semiconductor	182,253	$8.471M	2.9%	$17.46	—	COM	874039100
ORCL	Oracle Corporation	135,666	$7.466M	2.6%	$41.17	+22.4%	COM	68389X105
RY	Royal Bank of Canada	82,438	$6.691M	2.3%	$58.56	+33.3%	COM	780087102
WMT	WalMart Inc.	55,155	$6.546M	2.3%	$20.05	+71.8%	COM	931142103
NVS	Novartis AG	68,119	$5.92M	2.0%	$75.49	—	COM	66987V109
PEP	Pepsico Inc.	42,883	$5.88M	2.0%	$63.22	+72.9%	COM	713448108
JNJ	Johnson & Johnson	40,612	$5.255M	1.8%	$74.50	+47.6%	COM	478160104
—	Laboratory Corp of America	30,495	$5.123M	1.8%	$112.66	—	COM	50540R409
SJM	JM Smucker Co.	45,388	$4.994M	1.7%	$77.71	+16.4%	COM	832696405
AMGN	Amgen Inc.	24,389	$4.72M	1.6%	$112.37	+40.6%	COM	031162100
ILMN	Illumina Inc	15,476	$4.708M	1.6%	$156.73	+88.1%	COM	452327109
CVX	Chevron Corp	38,685	$4.588M	1.6%	$70.95	+29.0%	COM	166764100
MCD	McDonald's Corp.	20,561	$4.415M	1.5%	$75.70	+144.1%	COM	580135101
UNP	Union Pacific Corp.	24,035	$3.894M	1.3%	$93.38	+56.1%	COM	907818108
CHD	Church & Dwight Co., Inc,	48,510	$3.65M	1.3%	$37.51	+87.2%	COM	171340102
NEOG	Neogen Corporation	50,131	$3.414M	1.2%	$19.45	+77.9%	COM	640491106
TCEHY	Tencent Hldgs Ltd ADR	79,361	$3.304M	1.1%	$48.13	—	COM	88032Q109
HSY	Hershey Co.	20,000	$3.1M	1.1%	$70.38	+85.0%	COM	427866108
PM	Philip Morris Intl	39,373	$2.99M	1.0%	$48.34	+17.3%	COM	718172109
DIS	Walt Disney Company	22,177	$2.89M	1.0%	$105.46	+27.3%	COM	254687106
NKE	Nike Inc Cl B	29,500	$2.771M	1.0%	$59.62	+32.1%	COM	654106103
NOK	Nokia Corp	545,508	$2.761M	1.0%	$5.66	—	COM	654902204
LLY	Eli Lilly & Co.	24,600	$2.751M	1.0%	$69.30	+48.2%	COM	532457108
GOOGL	Alphabet Inc. Class A	2,112	$2.579M	0.9%	$46.42	+26.6%	COM	02079K305
HON	Honeywell Intl Inc	14,979	$2.534M	0.9%	$101.17	+37.7%	COM	438516106
T	AT&T Inc.	65,072	$2.462M	0.9%	$14.55	+16.9%	COM	00206R102
IFF	International Flavors&Frag.	19,885	$2.44M	0.8%	$91.95	+16.8%	COM	459506101
NVO	Novo-Nordisk A/S	42,840	$2.215M	0.8%	$51.60	—	COM	670100205
QCOM	Qualcomm Inc.	27,073	$2.065M	0.7%	$47.82	+35.9%	COM	747525103
XYZ	Square Inc. Cl A	31,900	$1.976M	0.7%	$67.05	+1.3%	COM	852234103
—	Xilinx Inc.	20,122	$1.93M	0.7%	$74.89	—	COM	983919101
ADBE	Adobe Systems Inc.	6,335	$1.75M	0.6%	$254.05	+14.9%	COM	00724F101
ET	Energy Transfer LP	132,415	$1.732M	0.6%	$13.21	—	COM	29273V100
—	Urstadt Biddle Prop cl A	72,405	$1.716M	0.6%	$20.00	—	COM	917286205
—	Super Micro Computer, Inc.	88,476	$1.699M	0.6%	$15.72	—	COM	86800U104
NVDA	NVIDIA Corp	9,500	$1.654M	0.6%	$3.56	+17.3%	COM	67066G104
BIIB	Biogen Inc.	7,000	$1.63M	0.6%	$287.35	-19.0%	COM	09062X103
CSCO	Cisco Systems Inc.	32,092	$1.586M	0.5%	$31.40	+36.3%	COM	17275R102
BABA	Alibaba Group Hldg Ltd Spon AD	9,365	$1.566M	0.5%	$165.42	—	COM	01609W102
RHHBY	Roche Holdings Ltd	42,133	$1.536M	0.5%	$41.81	—	COM	771195104
—	Celgene Corp.	15,265	$1.516M	0.5%	$104.75	—	COM	151020104
MRK	Merck & Co. Inc.	17,018	$1.433M	0.5%	$43.36	+51.0%	COM	58933Y105
XOM	Exxon Mobil Corporation	19,902	$1.405M	0.5%	$54.39	-1.2%	COM	30231G102
AXP	American Express Co.	10,125	$1.198M	0.4%	$62.43	+80.3%	COM	025816109
IBM	IBM Corp	8,175	$1.189M	0.4%	$95.53	+7.3%	COM	459200101
LMT	Lockheed Martin Corp.	2,995	$1.168M	0.4%	$178.87	+76.9%	COM	539830109
MMM	3M Company	7,061	$1.161M	0.4%	$96.83	+14.3%	COM	88579Y101
GNTX	Gentex Corporation	40,069	$1.103M	0.4%	$17.11	+54.4%	COM	371901109
PFE	Pfizer Inc.	30,564	$1.098M	0.4%	$21.23	+27.2%	COM	717081103
WRB	W.R. Berkley Corp	14,890	$1.076M	0.4%	$14.12	+92.3%	COM	084423102
USB	U.S. Bancorp	19,195	$1.062M	0.4%	$26.25	+56.7%	COM	902973304
FIS	Fidelity National Info Srv	7,987	$1.06M	0.4%	$34.36	+240.9%	COM	31620M106
VZ	Verizon Communications, Inc.	16,888	$1.019M	0.4%	$32.78	+23.4%	COM	92343V104
EMR	Emerson Electric Co.	15,070	$1.008M	0.3%	$41.93	+29.6%	COM	291011104
—	Splunk Inc.	8,500	$1.002M	0.3%	$58.83	—	COM	848637104
CSX	CSX Corp.	14,400	$997K	0.3%	$9.20	+132.1%	COM	126408103
—	Seattle Genetics, Inc.	11,500	$982K	0.3%	$41.28	—	COM	812578102
VTI	Vanguard Total Market ETF	6,490	$980K	0.3%	$131.84	—	COM	922908769
XPO	XPO Logistics, Inc.	13,445	$962K	0.3%	$16.43	+40.8%	COM	983793100
KO	Coca-Cola Company	16,903	$920K	0.3%	$30.66	+43.4%	COM	191216100
ADSK	Autodesk Inc.	6,000	$886K	0.3%	$83.68	+86.0%	COM	052769106
BMY	Bristol-Myers Squibb Co.	17,299	$877K	0.3%	$37.87	-2.9%	COM	110122108
PG	Procter & Gamble Co.	7,024	$874K	0.3%	$57.19	+76.6%	COM	742718109
BAC	Bank of America Corp	28,999	$845K	0.3%	$15.09	+62.8%	COM	060505104
FITB	Fifth Third Bancorp	30,604	$838K	0.3%	$14.97	+42.0%	COM	316773100
TWLO	Twilio Inc.	7,500	$825K	0.3%	$29.98	+332.5%	COM	90138F102
CMI	Cummins Inc.	5,000	$813K	0.3%	$75.80	+79.6%	COM	231021106
GNRC	Generac Holdings Inc.	10,313	$808K	0.3%	$40.66	+84.3%	COM	368736104
PAYX	Paychex, Inc.	9,750	$807K	0.3%	$37.56	+84.1%	COM	704326107
CAT	Caterpillar Inc	6,000	$758K	0.3%	$65.81	+68.8%	COM	149123101
—	JP Morgan Chase & Co.	6,300	$741K	0.3%	$117.62	—	COM	46625h100
CL	Colgate-Palmolive Co	10,000	$735K	0.3%	$52.34	+19.5%	COM	194162103
—	Alcon, Inc.	12,184	$711K	0.2%	$62.04	—	COM	H01301102
ZBH	Zimmer Biomet Holdings, Inc.	5,056	$694K	0.2%	$89.62	+36.8%	COM	98956P102
—	Netflix Inc.	2,500	$669K	0.2%	$267.60	—	COM	64110l106
ETN	Eaton Corporation, plc	8,000	$665K	0.2%	$45.44	+58.7%	COM	G29183103
NSC	Norfolk Southern Corp	3,520	$632K	0.2%	$70.83	+128.0%	COM	655844108
—	Royal Dutch Shell PLC ADR Cl A	10,718	$631K	0.2%	$56.04	—	COM	780259206
BHP	BHP Billiton Limited	11,657	$576K	0.2%	$40.75	—	COM	088606108
STT	State Street Corp	9,585	$567K	0.2%	$53.28	-15.5%	COM	857477103
DUK	Duke Energy Corp	5,838	$560K	0.2%	$46.55	+51.5%	COM	26441C204
SBR	Sabine Royalty Trust	12,594	$545K	0.2%	$46.36	—	COM	785688102
MPLX	MPLX LP	18,766	$526K	0.2%	$39.13	—	COM	55336V100
GLD	SPDR Gold Shares ETF	3,665	$509K	0.2%	$119.24	—	COM	78463V107
WPC	W.P. Carey Inc. REIT	5,500	$492K	0.2%	$64.26	—	COM	92936U109
LHX	L3Harris Technologies	2,335	$487K	0.2%	$180.55	0.0%	COM	502431109
WFC	Wells Fargo & Co	9,311	$470K	0.2%	$31.65	+25.7%	COM	949746101
SHY	iShares 1-3 Year Treas Bond ET	5,450	$462K	0.2%	$84.42	—	COM	464287457
VFH	Vanguard Financials ETF	6,412	$449K	0.2%	$67.97	—	COM	92204A405
—	Blackrock Inc.	1,000	$446K	0.2%	$340.50	—	COM	09247X101
—	Blackstone Group LP	9,000	$440K	0.2%	$34.62	—	COM	09253U108
FDX	FedEx Corp	2,990	$435K	0.2%	$197.28	-27.4%	COM	31428X106
KMB	Kimberly-Clark Corp.	3,025	$430K	0.1%	$76.31	+43.8%	COM	494368103
NTR	Nutrien Ltd.	8,382	$418K	0.1%	$38.36	+7.0%	COM	67077M108
PANW	Palo Alto Networks, Inc.	2,010	$410K	0.1%	$24.33	+45.5%	COM	697435105
INTU	Intuit Inc.	1,498	$398K	0.1%	$55.84	+372.8%	COM	461202103
—	Cree Inc.	8,108	$397K	0.1%	$48.72	—	COM	225447101
FTS	Fortis Inc.	9,024	$382K	0.1%	$22.16	+44.5%	COM	349553107
TIP	iShares TIPS Bond ETF	3,228	$375K	0.1%	$112.91	—	COM	464287176
AES	AES Corporation	22,751	$372K	0.1%	$9.79	+30.9%	COM	00130H105
GILD	Gilead Sciences Inc.	5,819	$369K	0.1%	$67.86	-24.9%	COM	375558103
MA	Mastercard Inc.	1,355	$368K	0.1%	$111.06	+139.6%	COM	57636Q104
AVGO	Broadcom Limited	1,311	$362K	0.1%	$20.79	+15.5%	COM	11135F101
CMCSA	Comcast cl A	7,789	$351K	0.1%	$31.65	+18.5%	COM	20030N101
—	VISA Inc. Cl A	2,000	$344K	0.1%	$105.00	—	COM	92826c839
INTC	Intel Corporation	6,632	$342K	0.1%	$35.22	+22.2%	COM	458140100
AVY	Avery Dennison Corp.	3,000	$341K	0.1%	$53.99	+89.2%	COM	053611109
—	CenturyLink	27,100	$338K	0.1%	$15.05	—	COM	156700106
TROW	T Rowe Price Group Inc	2,901	$331K	0.1%	$48.07	+78.4%	COM	74144T108
EFA	iShares MSCI EAFE ETF	5,050	$329K	0.1%	$69.65	—	COM	464287465
GWW	W.W. Grainger Inc.	1,090	$324K	0.1%	$182.07	+41.0%	COM	384802104
—	Cloudera Inc.	36,453	$323K	0.1%	$10.94	—	COM	18914U100
—	Australia & NZ Bank	16,278	$313K	0.1%	$25.38	—	COM	052528304
VALPQ	Valaris plc	62,943	$303K	0.1%	$4.81	—	COM	G9402V109
TMO	Thermo Fisher Scientific, Inc.	1,000	$291K	0.1%	$205.54	+37.0%	COM	883556102
—	Invesco Ultra Short Duration E	5,700	$287K	0.1%	$50.32	—	COM	46090a887
IJH	iShares Core S&P Mid-Cap ETF	1,470	$284K	0.1%	$184.58	—	COM	464287507
MET	MetLife, Inc.	6,000	$283K	0.1%	$28.54	+34.8%	COM	59156R108
BK	Bank of New York Mellon Corp.	6,264	$283K	0.1%	$23.10	+60.2%	COM	064058100
ALL	Allstate Corporation	2,596	$282K	0.1%	$64.52	+38.9%	COM	020002101
—	iShares MSCI China ETF	5,000	$280K	0.1%	$68.60	—	COM	46429b671
EEM	iShares MSCI Emerging Mkts	6,800	$278K	0.1%	$37.32	—	COM	464287234
BRK/B	Berkshire Hathaway CL B	1,325	$276K	0.1%	$128.55	+60.3%	COM	084670702
JCI	Johnson Controls, Inc.	6,267	$275K	0.1%	$29.58	+25.1%	COM	G51502105
ITW	Illinois Tool Works Inc.	1,740	$272K	0.1%	$51.35	+153.5%	COM	452308109
NFLX	Netflix Inc	985	$264K	0.1%	$29.93	+4.6%	COM	64110L106
BA	Boeing Company	665	$253K	0.1%	$352.37	0.0%	COM	097023105
—	Comcast Corp. New Cl A	5,600	$252K	0.1%	$45.00	—	COM	20030n101
—	United Technologies Corp	1,827	$249K	0.1%	$106.55	—	COM	913017109
—	Nektar Therapeutics	13,100	$239K	0.1%	$25.43	—	COM	640268108
—	Symantec Corporation	10,000	$236K	0.1%	$18.90	—	COM	871503108
—	Carrizo Oil & Gas Inc.	26,825	$230K	0.1%	$10.85	—	COM	144577103
AMT	American Tower Corporation	1,034	$229K	0.1%	$146.03	+25.6%	COM	03027X100
TRV	The Travelers Companies	1,480	$220K	0.1%	$110.26	+17.5%	COM	89417E109
VO	Vanguard Mid-Cap ETF	1,278	$214K	0.1%	$138.28	—	COM	922908629
—	Goldman Sachs Gr	9,567	$211K	0.1%	$22.05	—	COM	38144G804
XEL	Xcel Energy Inc	3,099	$201K	0.1%	$51.21	0.0%	COM	98389B100
MDU	MDU Resources Group	7,139	$201K	0.1%	$7.90	+6.8%	COM	552690109
—	Accelerate Diagnostics, Inc.	10,740	$199K	0.1%	$18.53	—	COM	00430H102
GTX	Garrett Motion Inc.	18,069	$180K	0.1%	$15.45	-20.4%	COM	366505105
MBIN	Merchants Bancorp Indiana	10,757	$178K	0.1%	$11.33	-9.2%	COM	58844R108
CRT	Cross Timbers Royalty	10,200	$86,000	0.0%	$29.71	—	COM	22757R109
FKINX	Franklin Income Fund Cl A	16,482	$38,000	0.0%	$2.30	—	COM	353496300