Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
T	AT&T Inc.	1,033,443	$27.91M	6.0%	$15.48	+3.8%	COM	00206R102
—	Allegheny Technologies Inc.	1,626,185	$27.04M	5.8%	$20.65	—	COM	01741r102
C	Citigroup Inc.	340,738	$23.91M	5.1%	$41.65	+43.3%	COM	172967424
—	Walgreens Boots Alliance Inc.	439,526	$20.68M	4.4%	$43.58	—	COM	931427108
MRK	Merck & Co. Inc.	270,281	$20.3M	4.4%	$53.07	+24.6%	COM	58933Y105
—	Oracle Corp.	227,150	$19.79M	4.3%	$42.58	—	COM	68389x105
—	Kinder Morgan Inc.	1,176,501	$19.68M	4.2%	$16.63	—	COM	49456b101
BMY	Bristol-Myers Squibb Corp.	317,689	$18.8M	4.0%	$39.57	+38.6%	COM	110122108
—	Cisco Systems Inc.	341,418	$18.58M	4.0%	$38.39	—	COM	17275r102
WFC	Wells Fargo & Co.	380,973	$17.68M	3.8%	$33.27	+25.0%	COM	949746101
DOW	Dow Inc.	278,547	$16.03M	3.4%	$34.84	+37.2%	COM	260557103
CTSH	Cognizant Tech. Solutions	200,241	$14.86M	3.2%	$63.74	+8.0%	COM	192446102
BA	Boeing Co.	58,427	$12.85M	2.8%	$238.89	-6.6%	COM	097023105
KO	Coca Cola Co.	241,544	$12.67M	2.7%	$43.78	+11.5%	COM	191216100
IBM	IBM Corp.	90,624	$12.59M	2.7%	$96.11	+16.7%	COM	459200101
—	3M Company	67,979	$11.93M	2.6%	$173.87	—	COM	88579y101
—	Gates Industrial Corp.	681,982	$11.1M	2.4%	$16.16	—	COM	g39108108
BRK/B	Berkshire Hathaway Cl B	40,503	$11.05M	2.4%	$205.79	+36.5%	COM	084670702
—	Allison Transmission Holdings,	299,899	$10.59M	2.3%	$38.44	—	COM	01973r101
CTRA	Coterra Energy Inc.	450,425	$9.801M	2.1%	$13.25	+1.5%	COM	127097103
PFE	Pfizer Inc.	197,547	$8.496M	1.8%	$22.95	+55.4%	COM	717081103
—	General Motors Co.	153,972	$8.116M	1.7%	$33.78	—	COM	37045v100
—	Comcast Corp. Cl A	136,967	$7.661M	1.6%	$54.57	—	COM	20030n101
—	Flowserve Corp.	191,320	$6.633M	1.4%	$34.67	—	COM	34354p105
—	TreeHouse Foods Inc.	164,888	$6.576M	1.4%	$39.88	—	COM	89469a104
—	Reynolds Consumer Products	233,850	$6.393M	1.4%	$30.18	—	COM	76171l106
MTG	MGIC Investment Corp.	401,235	$6.002M	1.3%	$10.16	+42.6%	COM	552848103
DIS	The Walt Disney Co.	31,610	$5.347M	1.1%	$99.24	+75.5%	COM	254687106
—	Exxon Mobil Corp.	78,042	$4.59M	1.0%	$64.90	—	COM	30231g102
UNP	Union Pacific Corp.	20,234	$3.966M	0.9%	$66.15	+195.1%	COM	907818108
AAPL	Apple Inc.	26,653	$3.771M	0.8%	$93.48	+53.9%	COM	037833100
USB	US Bancorp	56,328	$3.348M	0.7%	$26.22	+78.0%	COM	902973304
NEM	Newmont Corp.	61,525	$3.341M	0.7%	$51.34	+0.0%	COM	651639106
—	Verizon Communications	60,520	$3.269M	0.7%	$54.62	—	COM	92343v104
FISV	Fiserv Inc.	24,254	$2.632M	0.6%	$52.09	+114.5%	COM	337738108
—	WEC Energy Group Inc.	25,434	$2.243M	0.5%	$79.46	—	COM	92939u106
MSFT	Microsoft Corp.	7,674	$2.164M	0.5%	$87.16	+222.1%	COM	594918104
JPM	JPMorgan Chase & Co.	12,731	$2.084M	0.4%	$75.07	+86.9%	COM	46625H100
WRB	Berkley W R Corp.	24,233	$1.773M	0.4%	$16.61	+78.1%	COM	084423102
—	Alphabet Inc. Cl C	523	$1.394M	0.3%	$2564.51	—	COM	02079k107
PM	Philip Morris International In	14,637	$1.387M	0.3%	$65.70	+23.4%	COM	718172109
PG	Procter & Gamble Co.	9,834	$1.375M	0.3%	$66.16	+92.3%	COM	742718109
LLY	Eli Lilly & Co.	5,739	$1.326M	0.3%	$47.55	+397.7%	COM	532457108
FAST	Fastenal Co.	25,600	$1.321M	0.3%	$11.58	+110.9%	COM	311900104
—	Tesla Inc.	1,565	$1.214M	0.3%	$516.97	—	COM	88160r101
BAC	Bank of America Corp.	27,364	$1.162M	0.2%	$13.16	+174.3%	COM	060505104
ABT	Abbott Laboratories	9,383	$1.108M	0.2%	$46.26	+145.3%	COM	002824100
INTC	Intel Corp.	20,195	$1.076M	0.2%	$41.83	+19.1%	COM	458140100
—	Fidelity National Information	8,398	$1.022M	0.2%	$106.58	—	COM	31620m106
JNJ	Johnson & Johnson	6,221	$1.005M	0.2%	$86.23	+74.3%	COM	478160104
AEM	Agnico Eagle Mines Ltd.	19,200	$996K	0.2%	$46.21	+12.5%	COM	008474108
—	MGE Energy Inc.	12,975	$954K	0.2%	$78.84	—	COM	55277p104
MCD	McDonald's Corp.	3,805	$917K	0.2%	$94.96	+127.3%	COM	580135101
—	Fedex Corp.	4,155	$911K	0.2%	$219.25	—	COM	31428x106
—	AbbVie Inc.	8,359	$902K	0.2%	$72.67	—	COM	00287y109
AMZN	Amazon Inc.	261	$857K	0.2%	$95.84	+80.0%	COM	023135106
CVX	Chevron Corp.	8,416	$854K	0.2%	$75.91	+9.8%	COM	166764100
META	Facebook, Inc.	2,189	$743K	0.2%	$194.18	+84.2%	COM	30303M102
—	Xcel Energy Inc.	11,250	$703K	0.2%	$63.43	—	COM	98389b100
PEP	PepsiCo Inc.	4,638	$698K	0.1%	$76.17	+77.2%	COM	713448108
MO	Altria Group Inc.	14,717	$670K	0.1%	$32.08	+6.0%	COM	02209S103
PPG	PPG Industries Inc.	4,543	$650K	0.1%	$91.61	+60.1%	COM	693506107
KMB	Kimberly-Clark Corp.	4,607	$610K	0.1%	$104.64	+10.4%	COM	494368103
—	General Electric Co.	5,057	$521K	0.1%	$24.28	—	COM	369604103
—	Alphabet Inc. Cl A	195	$521K	0.1%	$1591.44	—	COM	02079k305
—	Visa Inc.	2,305	$513K	0.1%	$147.59	—	COM	92826c839
TXN	Texas Instruments Inc.	2,540	$488K	0.1%	$63.37	+165.1%	COM	882508104
MDLZ	Mondelez International Inc.	8,304	$483K	0.1%	$39.64	+39.8%	COM	609207105
EMR	Emerson Electric Co.	5,008	$472K	0.1%	$47.41	+92.4%	COM	291011104
NSC	Norfolk Southern Corp.	1,952	$467K	0.1%	$126.75	+84.2%	COM	655844108
MS	Morgan Stanley	4,778	$465K	0.1%	$46.74	+83.4%	COM	617446448
—	Duke Energy Corp.	4,659	$455K	0.1%	$92.61	—	COM	26441c204
—	Eaton Corp.	3,005	$449K	0.1%	$83.04	—	COM	278058102
LUV	Southwest Airlines Co.	8,352	$430K	0.1%	$48.70	-3.5%	COM	844741108
DE	Deere & Co.	1,247	$418K	0.1%	$179.78	+88.7%	COM	244199105
—	Mastercard Inc.	1,175	$409K	0.1%	$342.16	—	COM	57636q104
—	Target Corp.	1,661	$380K	0.1%	$163.03	—	COM	87612e106
CL	Colgate-Palmolive Co.	5,003	$378K	0.1%	$48.12	+49.0%	COM	194162103
LNT	Alliant Energy Corp.	6,366	$356K	0.1%	$43.82	+17.0%	COM	018802108
—	Costco Wholesale Corp.	764	$343K	0.1%	$322.81	—	COM	22160k105
—	Ansys Inc.	993	$338K	0.1%	$182.96	—	COM	03662q105
WMB	Williams Companies Inc.	12,648	$328K	0.1%	$20.40	0.0%	COM	969457100
BMO	Bank Montreal	3,262	$325K	0.1%	$55.64	+50.9%	COM	063671101
—	Kellogg Co.	5,068	$324K	0.1%	$45.52	+12.8%	COM	487836108
MET	MetLife Inc.	5,218	$322K	0.1%	$37.12	+42.0%	COM	59156R108
ACN	Accenture PLC	988	$316K	0.1%	$181.15	+68.7%	COM	G1151C101
BP	BP PLC	11,339	$310K	0.1%	$37.93	—	COM	055622104
SLB	Schlumberger Ltd.	9,954	$295K	0.1%	$16.98	+53.1%	COM	806857108
LOW	Lowes Companies Inc.	1,439	$292K	0.1%	$108.95	+68.5%	COM	548661107
SBUX	Starbucks Corp.	2,577	$284K	0.1%	$88.61	+19.3%	COM	855244109
ROK	Rockwell Automation, Inc.	927	$273K	0.1%	$204.11	+39.5%	COM	773903109
AMAT	Applied Materials Inc.	2,100	$270K	0.1%	$110.86	+17.8%	COM	038222105
—	NVIDIA Corp.	1,280	$265K	0.1%	$207.03	—	COM	67066g104
F	Ford Motor Co.	18,282	$259K	0.1%	$6.83	+51.2%	COM	345370860
ESNT	Essent Group Ltd.	5,678	$250K	0.1%	$44.59	-6.1%	COM	G3198U102
RTX	Raytheon Technologies Inc.	2,747	$236K	0.1%	$66.18	+17.0%	COM	75513E101
—	Pacwest Bancorp	5,161	$234K	0.1%	$45.34	—	COM	695263103
—	Valero Energy Corp.	3,250	$229K	0.0%	$76.99	—	COM	91913y100
UNH	UnitedHealth Group Inc.	578	$226K	0.0%	$369.03	+4.3%	COM	91324P102
HUN	Huntsman Corp.	7,615	$225K	0.0%	$26.33	0.0%	COM	447011107
LNC	Lincoln National Corp.	3,256	$224K	0.0%	$43.14	+19.8%	COM	534187109
PTEN	Patterson UTI Energy	24,500	$220K	0.0%	$8.46	-4.3%	COM	703481101
—	Exelon Corp.	4,549	$220K	0.0%	$48.36	—	COM	30161n101
—	Johnson Controls Intl.	3,190	$217K	0.0%	$68.65	—	COM	g51502105
DD	Dupont De Nemours Inc.	3,122	$212K	0.0%	$30.58	-7.3%	COM	26614N102
CI	Cigna Corp.	1,026	$205K	0.0%	$167.01	+20.2%	COM	125523100
HD	Home Depot Inc.	620	$204K	0.0%	$294.54	0.0%	COM	437076102
—	Heartland Financial Inc.	4,216	$203K	0.0%	$48.15	—	COM	42234q102
—	Coastalsouth Bancshares, Inc.	10,878	$180K	0.0%	$12.50	—	COM	19058x207
—	Vuzix Corp.	14,320	$150K	0.0%	$3.17	—	COM	92921w300
—	Tellurian Inc.	20,000	$78,000	0.0%	$4.25	—	COM	87968a104
NOK	Nokia Corp.	12,726	$69,000	0.0%	$5.33	—	COM	654902204
—	OPKO Health Inc.	10,000	$36,000	0.0%	$3.54	—	COM	68375n103
—	Vitality Biopharma Inc.	74,000	$20,000	0.0%	$0.21	—	COM	92849B107
—	Unrivaled Brands Inc.	38,000	$10,000	0.0%	$0.28	—	COM	91532e105
—	Spooz Inc.	1,535,000	$3,000	0.0%	—	—	COM	84915Q100
—	Puration Inc.	70,000	$1,000	0.0%	$0.02	—	COM	74609p104
—	Chemesis Intl. Inc.	10,000	$1,000	0.0%	$0.10	—	COM	163599202
OPMG	Options Media Group Hldgs.	20,000	$0	0.0%	$0.00	-71.7%	COM	684008105