Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	MASTERCARD INC	24,381	$5.889M	3.0%	$241.54 *	$70.62	+231.2%	COM	57636Q104
SBUX	STARBUCKS CORP	87,574	$5.757M	2.9%	$65.74 *	$32.51	+77.9%	COM	855244109
—	LINDE PLC COM	31,593	$5.465M	2.8%	$172.98	$156.04	—	COM	G5494J103
GWW	GRAINGER WW INC	21,269	$5.285M	2.7%	$248.48 *	$201.89	+14.9%	COM	384802104
APD	AIR PRODUCTS & CHEMICALS	23,807	$4.752M	2.4%	$199.61 *	$65.22	+166.3%	COM	009158106
HSY	HERSHEY FOODS CORP	33,714	$4.467M	2.3%	$132.50 *	$65.77	+75.9%	COM	427866108
ADP	AUTO DATA PROCESSING	29,617	$4.048M	2.1%	$136.68 *	$47.89	+152.7%	COM	053015103
MSFT	MICROSOFT CORP	25,279	$3.986M	2.0%	$157.68 *	$27.57	+444.6%	COM	594918104
PEP	PEPSICO INCORPORATED	31,927	$3.834M	2.0%	$120.09 *	$56.24	+79.0%	COM	713448108
JNJ	JOHNSON & JOHNSON	28,035	$3.676M	1.9%	$131.12 *	$59.93	+86.0%	COM	478160104
A	AGILENT TECHNOLOGIES	47,451	$3.398M	1.7%	$71.61 *	$31.63	+118.0%	COM	00846U101
CVX	CHEVRONTEXACO CORP	46,582	$3.375M	1.7%	$72.45 *	$74.80	-25.0%	COM	166764100
TSCO	TRACTOR SUPPLY COMPANY	39,857	$3.369M	1.7%	$84.53 *	$9.94	+55.4%	COM	892356106
TXN	TEXAS INSTRUMENTS INC	33,101	$3.307M	1.7%	$99.91 *	$25.31	+235.2%	COM	882508104
XOM	EXXON MOBIL CORP	86,429	$3.281M	1.7%	$37.96 *	$51.29	-43.2%	COM	30231G102
MKC	MC CORMICK & CO NEW VT	21,115	$2.981M	1.5%	$141.18 *	$29.65	+111.7%	COM	579780206
BF/B	BROWN FORMAN CORP CL B	53,324	$2.96M	1.5%	$55.51 *	$31.39	+59.4%	COM	115637209
KMB	KIMBERLY-CLARK CORP	22,259	$2.846M	1.5%	$127.86 *	$63.91	+63.0%	COM	494368103
ABT	ABBOTT LABORATORIES	35,557	$2.805M	1.4%	$78.89 *	$29.68	+140.2%	COM	002824100
AAPL	APPLE, INC	10,384	$2.64M	1.4%	$254.24 *	$19.39	+217.2%	COM	037833100
FIS	FIDELITY NATL INFO SVCS	21,638	$2.632M	1.3%	$121.64 *	$35.22	+206.8%	COM	31620M106
DIS	DISNEY WALT HOLDING CO	26,824	$2.591M	1.3%	$96.59 *	$73.99	+27.5%	COM	254687106
UNP	UNION PACIFIC CORP	18,151	$2.56M	1.3%	$141.04 *	$67.70	+83.5%	COM	907818108
IFF	INTL FLAVOR & FRAGRANCES	24,576	$2.508M	1.3%	$102.05 *	$58.56	+49.5%	COM	459506101
BR	BROADRIDGE FINANCIAL	25,463	$2.414M	1.2%	$94.80 *	$20.36	+323.2%	COM	11133T103
ABBV	ABBVIE INC COM	30,551	$2.327M	1.2%	$76.17 *	$26.65	+126.0%	COM	00287Y109
EL	LAUDER ESTEE CORP CL A	13,972	$2.226M	1.1%	$159.32 *	$58.38	+152.9%	COM	518439104
EMR	EMERSON ELECTRIC	46,683	$2.224M	1.1%	$47.64 *	$41.74	+0.5%	COM	291011104
SYY	SYSCO CORP.	47,894	$2.185M	1.1%	$45.62 *	$24.48	+58.5%	COM	871829107
GRC	GORMAN-RUPP CO COM	68,822	$2.147M	1.1%	$31.20	$26.34	+18.5%	COM	383082104
KEYS	KEYSIGHT TECHNOLOGIES INC COM	25,625	$2.144M	1.1%	$83.67	$33.81	+147.5%	COM	49338L103
SON	SONOCO PRODUCTS INC	44,367	$2.056M	1.1%	$46.34 *	$28.72	+31.1%	COM	835495102
CPK	CHESAPEAKE UTIL CORP	22,664	$1.942M	1.0%	$85.69 *	$30.46	+152.0%	COM	165303108
TT	TRANE TECHNOLOGIES PLC	23,205	$1.916M	1.0%	$82.57 *	$93.73	-18.4%	COM	G8994E103
—	STERIS PLC	13,200	$1.847M	0.9%	$139.92	$57.09	—	COM	859152100
DE	DEERE & CO	13,150	$1.816M	0.9%	$138.10 *	$82.46	+55.2%	COM	244199105
COST	COSTCO WHOLSALE CORP NEW	6,033	$1.72M	0.9%	$285.10 *	$88.47	+195.3%	COM	22160K105
HD	HOME DEPOT INC	9,141	$1.706M	0.9%	$186.63 *	$72.10	+125.5%	COM	437076102
—	EATON CORPORATION	20,032	$1.556M	0.8%	$77.68	$67.08	—	COM	278058102
GIS	GENERAL MILLS INC	29,107	$1.535M	0.8%	$52.74 *	$32.05	+35.1%	COM	370334104
CASY	CASEYS GENERAL STORES INC	11,575	$1.533M	0.8%	$132.44 *	$64.27	+98.6%	COM	147528103
DOW	DOW CHEMICAL	51,884	$1.517M	0.8%	$29.24 *	$35.78	-40.5%	COM	260557103
KO	COCA-COLA COMPANY	33,836	$1.497M	0.8%	$44.24 *	$29.12	+27.5%	COM	191216100
—	WESTROCK CO COM	51,576	$1.457M	0.7%	$28.25	$49.93	—	COM	96145D105
MSA	MINE SAFTEY APPLIANCE CO	14,400	$1.457M	0.7%	$101.18	$56.12	+80.3%	COM	553498106
NSC	NORFOLK SOUTHERN CORP	9,865	$1.44M	0.7%	$145.97 *	$57.67	+124.8%	COM	655844108
HON	HONEYWELL INC.	10,347	$1.384M	0.7%	$133.76 *	$58.08	+92.6%	COM	438516106
NEM	NEWMONT GOLDCORP	29,907	$1.354M	0.7%	$45.27 *	$22.00	+73.2%	COM	651639106
MMM	3M COMPANY	9,285	$1.267M	0.6%	$136.46 *	$62.63	+47.4%	COM	88579Y101
CTAS	CINTAS CORP	7,076	$1.225M	0.6%	$173.12 *	$10.65	+284.3%	COM	172908105
—	BUNGE	29,112	$1.194M	0.6%	$41.01	$68.29	—	COM	G16962105
ATO	ATMOS ENERGY CORP	12,026	$1.193M	0.6%	$99.20 *	$32.40	+165.2%	COM	049560105
ADI	ANALOG DEVICES INC	12,959	$1.161M	0.6%	$89.59 *	$37.35	+116.7%	COM	032654105
AIN	ALBANY INT'L CORP.	23,450	$1.109M	0.6%	$47.29 *	$33.48	+31.9%	COM	012348108
MIDD	MIDDLEBY CORP THE	19,050	$1.083M	0.6%	$56.85	$73.60	-22.7%	COM	596278101
AIT	APPLIED INDL. TECH.	23,000	$1.051M	0.5%	$45.70 *	$40.80	+4.6%	COM	03820C105
NTRS	NORTHERN TRUST CORP	13,508	$1.019M	0.5%	$75.44 *	$41.81	+51.3%	COM	665859104
AXP	AMERICAN EXPRESS CO.	11,850	$1.014M	0.5%	$85.57 *	$62.75	+26.2%	COM	025816109
DRI	DARDEN RESTURANTS INC	18,625	$1.014M	0.5%	$54.44 *	$33.70	+37.6%	COM	237194105
LOW	LOWES COMPANIES INC	11,600	$998K	0.5%	$86.03 *	$32.55	+138.0%	COM	548661107
OLN	OLIN CORP NEW	85,375	$996K	0.5%	$11.67 *	$16.13	-37.4%	COM	680665205
BMY	BRISTOL MYERS SQUIBB CO	17,765	$990K	0.5%	$55.73 *	$29.35	+51.0%	COM	110122108
VZ	VERIZON COMM	18,410	$989K	0.5%	$53.72 *	$29.33	+31.4%	COM	92343V104
PH	PARKER-HANNIFIN CORP	7,525	$976K	0.5%	$129.70 *	$107.64	+11.2%	COM	701094104
CAT	CATERPILLAR INC	8,353	$969K	0.5%	$116.01 *	$63.39	+62.7%	COM	149123101
CE	CELANESE CORP.	13,200	$968K	0.5%	$73.33 *	$49.37	+33.5%	COM	150870103
AMAT	APPLIED MATERIALS INC	20,950	$959K	0.5%	$45.78 *	$12.71	+241.7%	COM	038222105
FELE	FRANKLIN ELEC CO INC	19,800	$933K	0.5%	$47.12 *	$28.98	+53.2%	COM	353514102
SR	SPIRE	12,200	$908K	0.5%	$74.43	$70.79	—	COM	84857L101
D	DOMINION RESOURCES INC.	12,395	$894K	0.5%	$72.13 *	$36.84	+52.5%	COM	25746U109
KEX	KIRBY CORP	20,489	$890K	0.5%	$43.44	$78.48	-44.6%	COM	497266106
SYK	STRYKER CORP	5,150	$857K	0.4%	$166.41 *	$60.41	+159.5%	COM	863667101
—	NEENAH PAPER INC	19,843	$855K	0.4%	$43.09	$32.30	—	COM	640079109
VLO	VALERO ENERGY	18,550	$841K	0.4%	$45.34 *	$25.07	+43.3%	COM	91913Y100
—	CHUBB CORPORATION	7,441	$831K	0.4%	$111.68	$93.59	—	COM	171232101
ENB	ENBRIDGE INC.	27,883	$811K	0.4%	$29.09 *	$24.70	-19.9%	COM	29250N105
AVT	AVNET INC	31,825	$798K	0.4%	$25.07 *	$25.85	-16.3%	COM	053807103
DOV	DOVER CORPORATION	9,125	$765K	0.4%	$83.84 *	$41.67	+86.4%	COM	260003108
TKR	TIMKEN COMPANY	23,600	$763K	0.4%	$32.33	$39.59	-18.3%	COM	887389104
MRK	MERCK & CO INC	9,825	$755K	0.4%	$76.84 *	$30.79	+98.8%	COM	58933Y105
ALLE	ALLEGION PUBLIC LTD. CO.	7,939	$730K	0.4%	$91.95 *	$44.84	+90.5%	COM	G0176J109
MUSA	MURPHY USA INC.	8,593	$724K	0.4%	$84.25 *	$40.01	+104.9%	COM	626755102
PSX	PHILLIPS 66 COM	13,433	$720K	0.4%	$53.60 *	$59.09	-28.4%	COM	718546104
—	UNITED TECHNOLOGIES CORP	7,557	$712K	0.4%	$94.22	$94.86	—	COM	913017109
ASIX	ADVANSIX INC COM	72,576	$692K	0.4%	$9.53 *	$16.50	-47.2%	COM	00773T101
SWK	STANLEY BLACK & DECKER INC.	6,890	$689K	0.4%	$100.00 *	$58.01	+44.2%	COM	854502101
INTC	INTEL	12,538	$678K	0.3%	$54.08 *	$22.01	+117.9%	COM	458140100
—	DUKE ENERGY CORPORATION	8,281	$669K	0.3%	$80.79	$67.96	—	COM	26441C105
MET	METLIFE INC	21,700	$663K	0.3%	$30.55 *	$26.65	-5.4%	COM	59156R108
—	DU PONT E I DE NEMOUR&CO	19,338	$659K	0.3%	$34.08	$64.41	—	COM	263534109
—	KANSAS CITY SOUTHERN NEW	5,033	$640K	0.3%	$127.16	$107.76	—	COM	485170302
CTVA	CORTEVA INC COM	26,279	$617K	0.3%	$23.48 *	$25.53	-14.1%	COM	22052L104
MKL	MARKEL CORP.	660	$612K	0.3%	$927.27	$1109.53	-16.4%	COM	570535104
CSX	CSX CORP	9,900	$567K	0.3%	$57.27 *	$6.91	+156.0%	COM	126408103
AWR	AMERICAN STATES WATER CO	6,900	$564K	0.3%	$81.74 *	$21.56	+238.4%	COM	029899101
CVGW	CALAVO GROWERS INC	9,500	$548K	0.3%	$57.68 *	$25.96	+96.6%	COM	128246105
SLB	SCHLUMBERGER LTD F	39,852	$537K	0.3%	$13.47 *	$37.38	-68.2%	COM	806857108
—	INGERSOLL-RAND COMPANY	20,679	$512K	0.3%	$24.76	$56.45	—	COM	G47791101
GLW	CORNING INC.	24,825	$509K	0.3%	$20.50 *	$11.05	+58.4%	COM	219350105
NGVT	INGEVITY CORP COM	14,449	$508K	0.3%	$35.16	$45.79	-23.1%	COM	45688C107
SHW	SHERWIN WILLIAMS CO	1,100	$505K	0.3%	$459.09 *	$53.48	+172.2%	COM	824348106
COP	CONOCOPHILLIPS	16,217	$499K	0.3%	$30.77 *	$42.93	-42.0%	COM	20825C104
MPC	MARATHON PETE CORP COM	20,833	$492K	0.3%	$23.62 *	$44.84	-55.9%	COM	56585A102
ICE	INTERCONTINENTAL EXCHANGE	6,000	$484K	0.2%	$80.67 *	$46.42	+61.7%	COM	45866F104
GT	GOODYEAR TIRE & RUBBER	80,367	$467K	0.2%	$5.81	$18.63	-68.8%	COM	382550101
IBM	INTL BUSINESS MACHINES	4,186	$464K	0.2%	$110.85 *	$109.98	-24.7%	COM	459200101
—	O-I GLASS, INC.	65,200	$463K	0.2%	$7.10	$17.24	—	COM	690768403
BHF	BRIGHTHOUSE FINL INC COM	18,650	$450K	0.2%	$24.13	$58.82	-58.9%	COM	10922N103
BK	BANK OF NEW YORK CO INC	13,350	$449K	0.2%	$33.63 *	$21.22	+33.9%	COM	064058100
OGS	ONE GAS INC COM	5,158	$431K	0.2%	$83.56	$46.40	+80.2%	COM	68235P108
PFE	PFIZER INC	13,138	$428K	0.2%	$32.58 *	$17.19	+37.0%	COM	717081103
OKE	ONEOK, INC	19,450	$424K	0.2%	$21.80 *	$21.05	-29.7%	COM	682680103
ARTNA	ARTESIAN RES CORP CLA	11,313	$422K	0.2%	$37.30 *	$16.06	+96.0%	COM	043113208
CPB	CAMPBELL SOUP COMPANY	9,000	$415K	0.2%	$46.11 *	$30.19	+26.1%	COM	134429109
AMGN	AMGEN INC	1,895	$384K	0.2%	$202.64 *	$107.11	+58.5%	COM	031162100
MUR	MURPHY OIL CORP	60,220	$369K	0.2%	$6.13 *	$25.70	-80.5%	COM	626717102
GPC	GENUINE PARTS CO COM	5,460	$367K	0.2%	$67.22 *	$55.02	+4.0%	COM	372460105
—	AMERITRADE HLDNG CORP CL A	10,550	$365K	0.2%	$34.60	$24.54	—	COM	87236Y108
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,700	$363K	0.2%	$41.72	$35.03	—	COM	007800105
AZN	ASTRAZENECA PLC ADR	7,846	$350K	0.2%	$44.61	$43.84	—	COM	046353108
NEE	NEXTERA ENERGY INC	1,430	$344K	0.2%	$240.56 *	$27.54	+89.3%	COM	65339F101
—	CDK GLOBAL HOLDINGS LLC COM	10,401	$341K	0.2%	$32.79	$41.70	—	COM	12508E101
PCAR	PACCAR INC	5,500	$336K	0.2%	$61.09 *	$22.88	+44.9%	COM	693718108
GPN	GLOBAL PAYMENTS INC.	2,300	$331K	0.2%	$143.91 *	$155.39	-11.4%	COM	37940X102
—	XEROX CORP	17,433	$330K	0.2%	$18.93	$18.28	—	COM	984121103
BP	BP PLC	13,492	$329K	0.2%	$24.38	$39.64	-38.5%	COM	055622104
AEP	AMER ELECTRIC PWR CO INC	4,080	$326K	0.2%	$79.90 *	$31.62	+105.3%	COM	025537101
NTAP	NETAPP INC.	7,800	$325K	0.2%	$41.67 *	$44.08	-19.4%	COM	64110D104
—	ANGLOGOLD LTD	19,350	$321K	0.2%	$16.59	$14.30	—	COM	035128206
—	NUVEEN QUALITY MUNICIPAL	22,435	$308K	0.2%	$13.73	$13.73	—	COM	67066V101
LLY	LILLY ELI & COMPANY	2,203	$305K	0.2%	$138.45 *	$90.28	+43.7%	COM	532457108
—	BARRICK GOLD	16,600	$304K	0.2%	$18.31	$14.20	—	COM	067901108
KN	KNOWLES CORP COM	22,462	$300K	0.2%	$13.36	$20.90	-36.0%	COM	49926D109
GAP	GAP INC	41,667	$293K	0.1%	$7.03 *	$25.78	-77.5%	COM	364760108
—	HESS CORPORATION	8,700	$289K	0.1%	$33.22	$41.82	—	COM	42809H107
AVY	AVERY DENNISON CORP	2,750	$280K	0.1%	$101.82 *	$68.69	+34.5%	COM	053611109
NTR	NUTRIEN LTD CO COM	8,060	$273K	0.1%	$33.87 *	$37.98	-25.7%	COM	67077M108
BDX	BECTON DICKINSON & CO	1,140	$261K	0.1%	$228.95 *	$138.32	+48.0%	COM	075887109
ATI	ALLEGHENY TECH INC	30,000	$255K	0.1%	$8.50	$16.58	-48.7%	COM	01741R102
ORI	OLD REPUBLIC INTL CORP	16,700	$254K	0.1%	$15.21 *	$13.46	-30.0%	COM	680223104
AGI	ALAMOS GOLD INC.	50,000	$250K	0.1%	$5.00 *	$6.15	-22.4%	COM	011532108
CMC	COMMERCIAL METALS CO	15,600	$246K	0.1%	$15.77 *	$18.01	-20.2%	COM	201723103
PAG	PENSKE AUTOMOTIVE GROUP	8,800	$246K	0.1%	$27.95	$31.60	-11.4%	COM	70959W103
HP	HELMERICH & PAYNE INC	15,300	$239K	0.1%	$15.62	$62.31	-74.9%	COM	423452101
ZTS	ZOETIS INC.	2,000	$235K	0.1%	$117.50 *	$85.91	+30.4%	COM	98978V103
WFC	WELLS FARGO & CO NEW	8,042	$230K	0.1%	$28.60 *	$27.89	-10.9%	COM	949746101
IP	INTERNATIONAL PAPER CO	7,338	$228K	0.1%	$31.07 *	$27.17	-16.1%	COM	460146103
AEM	AGNICO-EAGLE MINES LTD	5,700	$226K	0.1%	$39.65 *	$36.93	-6.0%	COM	008474108
TDG	TRANSDIGM GROUP INC.	685	$219K	0.1%	$319.71 *	$452.74	-41.2%	COM	893641100
PRGO	PERRIGO CO	4,350	$209K	0.1%	$48.05	$46.80	+2.8%	COM	G97822103
—	MARATHON OIL CO.	62,775	$206K	0.1%	$3.28	$17.95	—	COM	565849106
—	DENNYS CORP	23,500	$180K	0.1%	$7.66	$5.79	—	COM	24869P104
HBAN	HUNTINGTON BANCSHARES INC	21,918	$179K	0.1%	$8.17 *	$4.99	+26.3%	COM	446150104
VVV	VALVOLINE INC.	12,900	$168K	0.1%	$13.02	$23.39	-44.0%	COM	92047W101
KEY	KEYCORP	16,016	$166K	0.1%	$10.36 *	$6.69	+16.9%	COM	493267108
KGC	KINROSS GOLD CORP NEW	39,600	$157K	0.1%	$3.96	$3.92	+1.4%	COM	496902404
MWA	MUELLER WATER PRODUCTS	19,500	$156K	0.1%	$8.00 *	$6.27	+16.1%	COM	624758108
M	MACYS INC.	31,550	$154K	0.1%	$4.88	$14.65	-66.5%	COM	55616P104
—	FERRO CORP	15,926	$149K	0.1%	$9.36	$7.54	—	COM	315405100
OXY	OCCIDENTAL PETE CORP	11,579	$134K	0.1%	$11.57 *	$44.43	-75.5%	COM	674599105
RF	REGIONS FINANCIAL CP NEW	14,401	$129K	0.1%	$8.96 *	$6.85	+3.5%	COM	7591EP100
F	FORD MOTOR COMPANY	26,150	$126K	0.1%	$4.82 *	$7.77	-52.9%	COM	345370860
CC	CHEMOURS COMPANY	11,238	$99,000	0.1%	$8.81 *	$11.42	-37.8%	COM	163851108
FARM	FARMER BROS. CO.	13,700	$95,000	0.0%	$6.93 *	$33.02	-64.8%	COM	307675108
NRT	NO EUROPEAN OIL TR	34,300	$90,000	0.0%	$2.62	$15.58	—	COM	659310106
—	NOBLE ENERGY INC.	12,800	$77,000	0.0%	$6.02	$50.02	—	COM	655044105
RIG	TRANSOCEAN SEDCO FOREX	64,435	$74,000	0.0%	$1.15	$21.88	-94.7%	COM	H8817H100
HAL	HALLIBURTON COMPANY	10,845	$74,000	0.0%	$6.82 *	$18.34	-66.2%	COM	406216101
FLR	FLUOR CORPORATION	10,400	$71,000	0.0%	$6.83	$13.84	-50.1%	COM	343412102
—	INTEVAC INC	17,600	$71,000	0.0%	$4.03	$12.12	—	COM	461148108
PBT	PERMIAN BASIN ROYALTY TR	23,900	$68,000	0.0%	$2.85	$10.65	—	COM	714236106
MTUS	TIMKENSTEEL CORP COM	16,850	$54,000	0.0%	$3.20	$25.45	-87.3%	COM	887399103
ORN	ORION MARINE GROUP	15,000	$39,000	0.0%	$2.60	$4.10	-36.5%	COM	68628V308
IAG	IAMGOLD CORPORATION	17,000	$38,000	0.0%	$2.24	$3.61	-36.8%	COM	450913108
XPL	SOLITARIO EXPLORATION	193,000	$38,000	0.0%	$0.20	$1.31	-84.7%	COM	8342EP107
—	PDL BIOPHARMA INC	13,000	$36,000	0.0%	$2.77	$2.66	—	COM	69329Y104
—	YAMANA GOLD INC	11,500	$31,000	0.0%	$2.70	$5.27	—	COM	98462Y100
VALPQ	VALARIS PLC	57,914	$26,000	0.0%	$0.45	$4.80	—	COM	G9402V109
—	AEGON N V ORD AMER REG	10,000	$24,000	0.0%	$2.40	$2.40	—	COM	007924103
HL	HECLA MINING	12,500	$22,000	0.0%	$1.76	$2.97	-40.4%	COM	422704106
KOS	KOSMOS ENERGY LTD	22,000	$19,000	0.0%	$0.86	$3.91	-77.0%	COM	500688106
—	STEIN MART INC	10,800	$4,000	0.0%	$0.37	$1.61	—	COM	858375108
—	NABORS INDUSTRIES INC	10,600	$4,000	0.0%	$0.38	$1.97	—	COM	G6359F103
—	GREAT PANTHER SILVER	12,000	$3,000	0.0%	$0.25	$0.71	—	COM	39115V101
—	DENBURY RESOURCES	10,100	$1,000	0.0%	$0.10	$0.10	—	COM	247916208