Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HONA	Honeywell Aerospace Inc	4,900	$1.083M	0.3%	$221.02	—	—	43849R105
TRN	MATERION CORPORATION	1,200	$356K	0.1%	$296.67	—	—	896522109
AVO	MISSION PRODUCE INC.	24,000	$282K	0.1%	$11.75	—	—	60510V108
NUE	NUCOR CORP	1,150	$256K	0.1%	$222.61	—	—	670346105
TEX	TEREX CORP	3,350	$242K	0.1%	$72.24	—	—	880779103
WWD	WOODWARD INC	500	$212K	0.1%	$424.00	—	—	980745103
ASH	ASHLAND INC	3,200	$210K	0.0%	$65.63	—	—	044186104
SUN	SUNOCO LP	3,000	$202K	0.0%	$67.33	—	—	86765K109

Increased Positions (8)

DVN DEVON ENERGY CP NEW 0.3%

Value $1.055M (+417.2%) Shares 25,553 (+530.2%) Est. Cost $41.12 Unrealized —

VTRS VIATRIS INC. 0.1%

Value $629K (+22.4%) Shares 39,610 (+3.9%) Est. Cost $13.17 Unrealized —

CAG CONAGRA INCORPORATED 0.4%

Value $1.481M (+8.2%) Shares 110,100 (+26.4%) Est. Cost $16.90 Unrealized —

SOLV SOLVENTUM CORP 0.1%

Value $281K (+27.7%) Shares 3,649 (+8.2%) Est. Cost $78.29 Unrealized —

SOLS SOLSTICE ADVANCED MATLS 0.1%

Value $306K (+21.4%) Shares 3,462 (+4.5%) Est. Cost $66.22 Unrealized —

KEY KEYCORP 0.1%

Value $371K (+16.3%) Shares 16,116 (+1.3%) Est. Cost $7.60 Unrealized —

GIS GENERAL MILLS INC 0.2%

Value $912K (-3.3%) Shares 26,230 (+3.5%) Est. Cost $32.52 Unrealized —

MATV MATIV HLDGS. INC. 0.0%

Value $186K (-10.6%) Shares 24,624 (+2.8%) Est. Cost $18.90 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DVN	DEVON ENERGY CP NEW	25,553 (+530.2%)	$1.055M (+417.2%)	0.3%	$41.12	—	—	25179M103
VTRS	VIATRIS INC.	39,610 (+3.9%)	$629K (+22.4%)	0.1%	$13.17	—	—	92556V106
CAG	CONAGRA INCORPORATED	110,100 (+26.4%)	$1.481M (+8.2%)	0.4%	$16.90	—	—	205887102
SOLV	SOLVENTUM CORP	3,649 (+8.2%)	$281K (+27.7%)	0.1%	$78.29	—	—	83444M101
SOLS	SOLSTICE ADVANCED MATLS	3,462 (+4.5%)	$306K (+21.4%)	0.1%	$66.22	—	—	83443Q103
KEY	KEYCORP	16,116 (+1.3%)	$371K (+16.3%)	0.1%	$7.60	—	—	493267108
GIS	GENERAL MILLS INC	26,230 (+3.5%)	$912K (-3.3%)	0.2%	$32.52	—	—	370334104
MATV	MATIV HLDGS. INC.	24,624 (+2.8%)	$186K (-10.6%)	0.0%	$18.90	—	—	808541106

Exited Positions (12)

CTRA COTERRA ENERGY INC. 0.3%

Value $1.079M Shares 30,714 Est. Cost $17.33 Unrealized —

INTC INTEL 0.1%

Value $425K Shares 9,650 Est. Cost $22.59 Unrealized —

CVGW CALAVO GROWERS INC 0.1%

Value $237K Shares 9,200 Est. Cost $25.96 Unrealized —

ZTS ZOETIS INC. 0.1%

Value $236K Shares 2,000 Est. Cost $85.91 Unrealized —

GILD GILEAD SCIENCE SVCS 0.1%

Value $212K Shares 1,525 Est. Cost $100.53 Unrealized —

NOC NORTHROP GRUMMAN CORP 0.0%

Value $210K Shares 308 Est. Cost $673.66 Unrealized —

CNR CORE NAT RES INC 0.0%

Value $209K Shares 2,000 Est. Cost $92.80 Unrealized —

NFG NAT'L FUEL GAS CO. 0.0%

Value $206K Shares 2,200 Est. Cost $83.57 Unrealized —

CNX CNX RESOURCES CORP. 0.0%

Value $204K Shares 5,300 Est. Cost $37.79 Unrealized —

RGLD ROYAL GOLD INC 0.0%

Value $203K Shares 800 Est. Cost $270.02 Unrealized —

JOE ST JOE COMPANY 0.0%

Value $200K Shares 3,200 Est. Cost $56.01 Unrealized —

DLTH DULUTH HOLDINGS INC 0.0%

Value $38,000 Shares 12,200 Est. Cost $3.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CTRA	COTERRA ENERGY INC.	30,714	$1.079M	0.3%	$17.33	—	—	127097103
INTC	INTEL	9,650	$425K	0.1%	$22.59	—	—	458140100
CVGW	CALAVO GROWERS INC	9,200	$237K	0.1%	$25.96	—	—	128246105
ZTS	ZOETIS INC.	2,000	$236K	0.1%	$85.91	—	—	98978V103
GILD	GILEAD SCIENCE SVCS	1,525	$212K	0.1%	$100.53	—	—	375558103
NOC	NORTHROP GRUMMAN CORP	308	$210K	0.0%	$673.66	—	—	666807102
CNR	CORE NAT RES INC	2,000	$209K	0.0%	$92.80	—	—	218937100
NFG	NAT'L FUEL GAS CO.	2,200	$206K	0.0%	$83.57	—	—	636180101
CNX	CNX RESOURCES CORP.	5,300	$204K	0.0%	$37.79	—	—	12653C108
RGLD	ROYAL GOLD INC	800	$203K	0.0%	$270.02	—	—	780287108
JOE	ST JOE COMPANY	3,200	$200K	0.0%	$56.01	—	—	790148100
DLTH	DULUTH HOLDINGS INC	12,200	$38,000	0.0%	$3.63	—	—	26443V101

Decreased Positions (61)

AMAT APPLIED MATERIALS INC 3.1%

Value $12.99M (+107.5%) Shares 17,975 (-1.9%) Est. Cost $14.34 Unrealized —

GWW GRAINGER WW INC 5.3%

Value $22.15M (+22.5%) Shares 16,280 (-1.7%) Est. Cost $202.80 Unrealized —

KEYS KEYSIGHT TECHNOLOGIES INC COM 0.8%

Value $3.291M (-46.4%) Shares 9,403 (-56.8%) Est. Cost $33.81 Unrealized —

TSCO TRACTOR SUPPLY COMPANY 1.1%

Value $4.689M (-31.1%) Shares 148,350 (-1.2%) Est. Cost $46.27 Unrealized —

GLW CORNING INC. 1.1%

Value $4.629M (+76.9%) Shares 18,125 (-5.8%) Est. Cost $11.05 Unrealized —

VIK VIKING HOLDINGS INC. 1.6%

Value $6.728M (+40.9%) Shares 64,284 (-1.1%) Est. Cost $30.22 Unrealized —

TXN TEXAS INSTRUMENTS INC 0.8%

Value $3.536M (+52.0%) Shares 11,865 (-1.0%) Est. Cost $25.31 Unrealized —

TT TRANE TECHNOLOGIES PLC 2.1%

Value $8.796M (+15.3%) Shares 17,910 (-2.2%) Est. Cost $93.73 Unrealized —

HON HONEYWELL INC. 0.3%

Value $1.082M (-51.0%) Shares 4,836 (-50.5%) Est. Cost $69.28 Unrealized —

HSY HERSHEY FOODS CORP 1.2%

Value $5.195M (-16.9%) Shares 29,614 (-1.6%) Est. Cost $69.48 Unrealized —

COP CONOCOPHILLIPS 0.7%

Value $2.829M (-22.3%) Shares 27,219 (-1.4%) Est. Cost $72.20 Unrealized —

AVT AVNET INC 0.6%

Value $2.502M (+42.0%) Shares 28,175 (-1.5%) Est. Cost $26.77 Unrealized —

OLN OLIN CORP NEW 0.3%

Value $1.37M (-34.0%) Shares 69,162 (-1.0%) Est. Cost $16.13 Unrealized —

CASY CASEYS GENERAL STORES INC 1.9%

Value $8.056M (+8.0%) Shares 10,137 (-1.0%) Est. Cost $89.66 Unrealized —

PEP PEPSICO INCORPORATED 0.9%

Value $3.624M (-13.9%) Shares 26,766 (-1.3%) Est. Cost $56.24 Unrealized —

MUR MURPHY OIL CORP 0.5%

Value $1.931M (-22.4%) Shares 59,321 (-1.7%) Est. Cost $24.17 Unrealized —

KEX KIRBY CORP 0.4%

Value $1.548M (-23.9%) Shares 11,388 (-25.7%) Est. Cost $73.07 Unrealized —

MIDD MIDDLEBY CORP THE 0.6%

Value $2.405M (+24.4%) Shares 13,985 (-4.1%) Est. Cost $73.60 Unrealized —

ADP AUTO DATA PROCESSING 1.3%

Value $5.5M (+8.8%) Shares 24,561 (-1.3%) Est. Cost $49.46 Unrealized —

SYY SYSCO CORP. 0.7%

Value $3.109M (+15.2%) Shares 37,209 (-1.7%) Est. Cost $24.48 Unrealized —

PH PARKER-HANNIFIN CORP 1.4%

Value $5.692M (+7.0%) Shares 5,820 (-2.1%) Est. Cost $107.64 Unrealized —

AXP AMERICAN EXPRESS CO. 0.9%

Value $3.595M (+9.4%) Shares 10,630 (-2.2%) Est. Cost $64.37 Unrealized —

— LINDE PLC COM 3.2%

Value $13.29M (+2.4%) Shares 25,612 (-2.2%) Est. Cost $156.04 Unrealized —

EMR EMERSON ELECTRIC 1.2%

Value $4.927M (+6.1%) Shares 34,419 (-2.9%) Est. Cost $41.74 Unrealized —

NTRS NORTHERN TRUST CORP 0.3%

Value $1.463M (+23.0%) Shares 8,420 (-1.2%) Est. Cost $42.51 Unrealized —

NTAP NETAPP INC. 0.2%

Value $998K (+36.3%) Shares 6,450 (-9.8%) Est. Cost $43.28 Unrealized —

FNV FRANCO NEVADA CORP. 0.3%

Value $1.269M (-17.1%) Shares 6,090 (-1.8%) Est. Cost $143.84 Unrealized —

KN KNOWLES CORP COM 0.2%

Value $691K (+56.7%) Shares 16,675 (-2.9%) Est. Cost $20.80 Unrealized —

OGN ORGANON & CO. 0.1%

Value $450K (+122.8%) Shares 33,300 (-1.5%) Est. Cost $26.36 Unrealized —

KMB KIMBERLY-CLARK CORP 0.5%

Value $2.061M (+12.1%) Shares 18,784 (-1.4%) Est. Cost $65.07 Unrealized —

SW SMURFIT WESTROCK LTD 0.4%

Value $1.69M (+14.6%) Shares 36,537 (-1.4%) Est. Cost $43.84 Unrealized —

MET METLIFE INC 0.3%

Value $1.395M (+17.0%) Shares 16,491 (-2.2%) Est. Cost $26.65 Unrealized —

FELE FRANKLIN ELEC CO INC 0.4%

Value $1.736M (+12.1%) Shares 16,200 (-3.6%) Est. Cost $28.98 Unrealized —

HD HOME DEPOT INC 0.7%

Value $3.051M (+6.2%) Shares 8,651 (-1.0%) Est. Cost $72.10 Unrealized —

PAG PENSKE AUTOMOTIVE GROUP 0.3%

Value $1.342M (+15.1%) Shares 7,500 (-3.8%) Est. Cost $31.60 Unrealized —

GAP GAP INC 0.1%

Value $528K (-24.5%) Shares 28,275 (-2.2%) Est. Cost $25.35 Unrealized —

PSX PHILLIPS 66 COM 0.4%

Value $1.88M (-8.2%) Shares 11,123 (-1.1%) Est. Cost $60.32 Unrealized —

MPC MARATHON PETE CORP COM 1.2%

Value $4.893M (+3.1%) Shares 19,138 (-1.5%) Est. Cost $46.13 Unrealized —

SR SPIRE 0.2%

Value $728K (-14.9%) Shares 9,325 (-1.3%) Est. Cost $70.79 Unrealized —

MSFT MICROSOFT CORP 1.3%

Value $5.349M (-2.3%) Shares 14,342 (-3.0%) Est. Cost $27.57 Unrealized —

KO COCA-COLA COMPANY 0.5%

Value $2.245M (+5.7%) Shares 27,625 (-1.1%) Est. Cost $29.51 Unrealized —

CPK CHESAPEAKE UTIL CORP 0.5%

Value $2.137M (-5.1%) Shares 17,449 (-2.1%) Est. Cost $30.46 Unrealized —

MTUS METALLUS (MTUS/TMST) 0.2%

Value $953K (+12.1%) Shares 51,025 (-2.0%) Est. Cost $12.75 Unrealized —

IFF INTL FLAVOR & FRAGRANCES 0.4%

Value $1.494M (+6.8%) Shares 18,862 (-2.2%) Est. Cost $59.16 Unrealized —

SYK STRYKER CORP 0.3%

Value $1.401M (-6.3%) Shares 4,450 (-2.2%) Est. Cost $60.41 Unrealized —

MMM 3M COMPANY 0.2%

Value $953K (+9.7%) Shares 5,890 (-1.7%) Est. Cost $62.93 Unrealized —

APD AIR PRODUCTS & CHEMICALS 1.3%

Value $5.282M (-1.5%) Shares 18,018 (-2.4%) Est. Cost $65.22 Unrealized —

SON SONOCO PRODUCTS INC 0.5%

Value $2.107M (+2.9%) Shares 37,400 (-1.2%) Est. Cost $28.72 Unrealized —

— CHUBB CORPORATION 0.5%

Value $2.169M (+2.7%) Shares 6,366 (-1.9%) Est. Cost $95.91 Unrealized —

CIEN CIENA CORP NEW 0.1%

Value $343K (-11.6%) Shares 700 (-30.0%) Est. Cost $71.73 Unrealized —

HBAN HUNTINGTON BANCSHARES INC 0.1%

Value $435K (+11.3%) Shares 24,538 (-1.8%) Est. Cost $9.20 Unrealized —

NGVT INGEVITY CORP COM 0.3%

Value $1.236M (+3.6%) Shares 16,557 (-1.2%) Est. Cost $54.82 Unrealized —

F FORD MOTOR COMPANY 0.1%

Value $282K (+17.5%) Shares 20,350 (-2.4%) Est. Cost $7.82 Unrealized —

BLMN BLOOMIN BRANDS INC 0.0%

Value $109K (+55.7%) Shares 12,000 (-7.7%) Est. Cost $13.19 Unrealized —

— DUKE ENERGY CORPORATION 0.1%

Value $584K (-6.1%) Shares 4,616 (-2.9%) Est. Cost $68.62 Unrealized —

OTIS OTIS WORLDWIDE CORP. 0.1%

Value $229K (-11.2%) Shares 3,200 (-4.5%) Est. Cost $48.15 Unrealized —

D DOMINION RESOURCES INC. 0.1%

Value $349K (+5.8%) Shares 5,124 (-4.1%) Est. Cost $38.48 Unrealized —

CTVA CORTEVA INC COM 0.5%

Value $2.063M (-0.9%) Shares 24,360 (-2.0%) Est. Cost $26.77 Unrealized —

— DU PONT E I DE NEMOUR&CO 0.2%

Value $779K (-1.9%) Shares 5,748 (-66.9%) Est. Cost $64.42 Unrealized —

CAL CALERES INC. 0.0%

Value $155K (+8.4%) Shares 12,600 (-7.4%) Est. Cost $10.71 Unrealized —

BHF BRIGHTHOUSE FINL INC COM 0.1%

Value $381K (+0.3%) Shares 6,025 (-5.1%) Est. Cost $58.82 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATERIALS INC	17,975 (-1.9%)	$12.99M (+107.5%)	3.1%	$14.34	—	—	038222105
GWW	GRAINGER WW INC	16,280 (-1.7%)	$22.15M (+22.5%)	5.3%	$202.80	—	—	384802104
KEYS	KEYSIGHT TECHNOLOGIES INC COM	9,403 (-56.8%)	$3.291M (-46.4%)	0.8%	$33.81	—	—	49338L103
TSCO	TRACTOR SUPPLY COMPANY	148,350 (-1.2%)	$4.689M (-31.1%)	1.1%	$46.27	—	—	892356106
GLW	CORNING INC.	18,125 (-5.8%)	$4.629M (+76.9%)	1.1%	$11.05	—	—	219350105
VIK	VIKING HOLDINGS INC.	64,284 (-1.1%)	$6.728M (+40.9%)	1.6%	$30.22	—	—	G93A5A101
TXN	TEXAS INSTRUMENTS INC	11,865 (-1.0%)	$3.536M (+52.0%)	0.8%	$25.31	—	—	882508104
TT	TRANE TECHNOLOGIES PLC	17,910 (-2.2%)	$8.796M (+15.3%)	2.1%	$93.73	—	—	G8994E103
HON	HONEYWELL INC.	4,836 (-50.5%)	$1.082M (-51.0%)	0.3%	$69.28	—	—	438516106
HSY	HERSHEY FOODS CORP	29,614 (-1.6%)	$5.195M (-16.9%)	1.2%	$69.48	—	—	427866108
COP	CONOCOPHILLIPS	27,219 (-1.4%)	$2.829M (-22.3%)	0.7%	$72.20	—	—	20825C104
AVT	AVNET INC	28,175 (-1.5%)	$2.502M (+42.0%)	0.6%	$26.77	—	—	053807103
OLN	OLIN CORP NEW	69,162 (-1.0%)	$1.37M (-34.0%)	0.3%	$16.13	—	—	680665205
CASY	CASEYS GENERAL STORES INC	10,137 (-1.0%)	$8.056M (+8.0%)	1.9%	$89.66	—	—	147528103
PEP	PEPSICO INCORPORATED	26,766 (-1.3%)	$3.624M (-13.9%)	0.9%	$56.24	—	—	713448108
MUR	MURPHY OIL CORP	59,321 (-1.7%)	$1.931M (-22.4%)	0.5%	$24.17	—	—	626717102
KEX	KIRBY CORP	11,388 (-25.7%)	$1.548M (-23.9%)	0.4%	$73.07	—	—	497266106
MIDD	MIDDLEBY CORP THE	13,985 (-4.1%)	$2.405M (+24.4%)	0.6%	$73.60	—	—	596278101
ADP	AUTO DATA PROCESSING	24,561 (-1.3%)	$5.5M (+8.8%)	1.3%	$49.46	—	—	053015103
SYY	SYSCO CORP.	37,209 (-1.7%)	$3.109M (+15.2%)	0.7%	$24.48	—	—	871829107
PH	PARKER-HANNIFIN CORP	5,820 (-2.1%)	$5.692M (+7.0%)	1.4%	$107.64	—	—	701094104
AXP	AMERICAN EXPRESS CO.	10,630 (-2.2%)	$3.595M (+9.4%)	0.9%	$64.37	—	—	025816109
—	LINDE PLC COM	25,612 (-2.2%)	$13.29M (+2.4%)	3.2%	$156.04	—	—	G5494J103
EMR	EMERSON ELECTRIC	34,419 (-2.9%)	$4.927M (+6.1%)	1.2%	$41.74	—	—	291011104
NTRS	NORTHERN TRUST CORP	8,420 (-1.2%)	$1.463M (+23.0%)	0.3%	$42.51	—	—	665859104
NTAP	NETAPP INC.	6,450 (-9.8%)	$998K (+36.3%)	0.2%	$43.28	—	—	64110D104
FNV	FRANCO NEVADA CORP.	6,090 (-1.8%)	$1.269M (-17.1%)	0.3%	$143.84	—	—	351858105
KN	KNOWLES CORP COM	16,675 (-2.9%)	$691K (+56.7%)	0.2%	$20.80	—	—	49926D109
OGN	ORGANON & CO.	33,300 (-1.5%)	$450K (+122.8%)	0.1%	$26.36	—	—	68622V106
KMB	KIMBERLY-CLARK CORP	18,784 (-1.4%)	$2.061M (+12.1%)	0.5%	$65.07	—	—	494368103
SW	SMURFIT WESTROCK LTD	36,537 (-1.4%)	$1.69M (+14.6%)	0.4%	$43.84	—	—	G8267P108
MET	METLIFE INC	16,491 (-2.2%)	$1.395M (+17.0%)	0.3%	$26.65	—	—	59156R108
FELE	FRANKLIN ELEC CO INC	16,200 (-3.6%)	$1.736M (+12.1%)	0.4%	$28.98	—	—	353514102
HD	HOME DEPOT INC	8,651 (-1.0%)	$3.051M (+6.2%)	0.7%	$72.10	—	—	437076102
PAG	PENSKE AUTOMOTIVE GROUP	7,500 (-3.8%)	$1.342M (+15.1%)	0.3%	$31.60	—	—	70959W103
GAP	GAP INC	28,275 (-2.2%)	$528K (-24.5%)	0.1%	$25.35	—	—	364760108
PSX	PHILLIPS 66 COM	11,123 (-1.1%)	$1.88M (-8.2%)	0.4%	$60.32	—	—	718546104
MPC	MARATHON PETE CORP COM	19,138 (-1.5%)	$4.893M (+3.1%)	1.2%	$46.13	—	—	56585A102
SR	SPIRE	9,325 (-1.3%)	$728K (-14.9%)	0.2%	$70.79	—	—	84857L101
MSFT	MICROSOFT CORP	14,342 (-3.0%)	$5.349M (-2.3%)	1.3%	$27.57	—	—	594918104
KO	COCA-COLA COMPANY	27,625 (-1.1%)	$2.245M (+5.7%)	0.5%	$29.51	—	—	191216100
CPK	CHESAPEAKE UTIL CORP	17,449 (-2.1%)	$2.137M (-5.1%)	0.5%	$30.46	—	—	165303108
MTUS	METALLUS (MTUS/TMST)	51,025 (-2.0%)	$953K (+12.1%)	0.2%	$12.75	—	—	887399103
IFF	INTL FLAVOR & FRAGRANCES	18,862 (-2.2%)	$1.494M (+6.8%)	0.4%	$59.16	—	—	459506101
SYK	STRYKER CORP	4,450 (-2.2%)	$1.401M (-6.3%)	0.3%	$60.41	—	—	863667101
MMM	3M COMPANY	5,890 (-1.7%)	$953K (+9.7%)	0.2%	$62.93	—	—	88579Y101
APD	AIR PRODUCTS & CHEMICALS	18,018 (-2.4%)	$5.282M (-1.5%)	1.3%	$65.22	—	—	009158106
SON	SONOCO PRODUCTS INC	37,400 (-1.2%)	$2.107M (+2.9%)	0.5%	$28.72	—	—	835495102
—	CHUBB CORPORATION	6,366 (-1.9%)	$2.169M (+2.7%)	0.5%	$95.91	—	—	171232101
CIEN	CIENA CORP NEW	700 (-30.0%)	$343K (-11.6%)	0.1%	$71.73	—	—	171779309
HBAN	HUNTINGTON BANCSHARES INC	24,538 (-1.8%)	$435K (+11.3%)	0.1%	$9.20	—	—	446150104
NGVT	INGEVITY CORP COM	16,557 (-1.2%)	$1.236M (+3.6%)	0.3%	$54.82	—	—	45688C107
F	FORD MOTOR COMPANY	20,350 (-2.4%)	$282K (+17.5%)	0.1%	$7.82	—	—	345370860
BLMN	BLOOMIN BRANDS INC	12,000 (-7.7%)	$109K (+55.7%)	0.0%	$13.19	—	—	094235108
—	DUKE ENERGY CORPORATION	4,616 (-2.9%)	$584K (-6.1%)	0.1%	$68.62	—	—	26441C105
OTIS	OTIS WORLDWIDE CORP.	3,200 (-4.5%)	$229K (-11.2%)	0.1%	$48.15	—	—	68902V107
D	DOMINION RESOURCES INC.	5,124 (-4.1%)	$349K (+5.8%)	0.1%	$38.48	—	—	25746U109
CTVA	CORTEVA INC COM	24,360 (-2.0%)	$2.063M (-0.9%)	0.5%	$26.77	—	—	22052L104
—	DU PONT E I DE NEMOUR&CO	5,748 (-66.9%)	$779K (-1.9%)	0.2%	$64.42	—	—	263534109
CAL	CALERES INC.	12,600 (-7.4%)	$155K (+8.4%)	0.0%	$10.71	—	—	129500104
BHF	BRIGHTHOUSE FINL INC COM	6,025 (-5.1%)	$381K (+0.3%)	0.1%	$58.82	—	—	10922N103

Unchanged Positions (148)

XOM EXXON MOBIL CORP 2.6%

Value $10.96M Shares 80,140 Est. Cost $53.11 Unrealized —

CAT CATERPILLAR INC 1.8%

Value $7.654M Shares 7,188 Est. Cost $63.39 Unrealized —

CVX CHEVRONTEXACO CORP 2.1%

Value $8.679M Shares 52,361 Est. Cost $86.78 Unrealized —

GRC GORMAN-RUPP CO COM 1.3%

Value $5.674M Shares 61,856 Est. Cost $26.65 Unrealized —

AIT APPLIED INDL. TECH. 1.6%

Value $6.698M Shares 19,809 Est. Cost $40.80 Unrealized —

— EATON CORPORATION 1.5%

Value $6.516M Shares 15,292 Est. Cost $67.08 Unrealized —

TKR TIMKEN COMPANY 0.8%

Value $3.207M Shares 22,074 Est. Cost $39.59 Unrealized —

ADI ANALOG DEVICES INC 1.1%

Value $4.515M Shares 11,370 Est. Cost $40.57 Unrealized —

SBUX STARBUCKS CORP 1.6%

Value $6.852M Shares 67,061 Est. Cost $32.51 Unrealized —

AAPL APPLE, INC 1.6%

Value $6.775M Shares 23,416 Est. Cost $83.20 Unrealized —

DE DEERE & CO 1.8%

Value $7.703M Shares 12,145 Est. Cost $82.46 Unrealized —

DOW DOW CHEMICAL 0.3%

Value $1.335M Shares 48,806 Est. Cost $36.33 Unrealized —

A AGILENT TECHNOLOGIES 1.2%

Value $5.156M Shares 38,817 Est. Cost $31.63 Unrealized —

ATI ALLEGHENY TECH INC 0.6%

Value $2.375M Shares 12,050 Est. Cost $16.58 Unrealized —

AGI ALAMOS GOLD INC. 0.3%

Value $1.213M Shares 40,000 Est. Cost $6.15 Unrealized —

BG BUNGE 0.7%

Value $2.803M Shares 26,266 Est. Cost $88.20 Unrealized —

NEM NEWMONT GOLDCORP 0.7%

Value $2.98M Shares 31,909 Est. Cost $27.28 Unrealized —

Q QNITY ELECTRONICS INC. 0.4%

Value $1.589M Shares 9,731 Est. Cost $86.68 Unrealized —

UNP UNION PACIFIC CORP 1.0%

Value $4.239M Shares 15,586 Est. Cost $67.70 Unrealized —

AIN ALBANY INT'L CORP. 0.4%

Value $1.478M Shares 19,850 Est. Cost $33.48 Unrealized —

STLD STEEL DYNAMICS INC 0.5%

Value $1.927M Shares 8,400 Est. Cost $22.96 Unrealized —

ABT ABBOTT LABORATORIES 0.6%

Value $2.641M Shares 29,107 Est. Cost $30.33 Unrealized —

AEM AGNICO-EAGLE MINES LTD 0.3%

Value $1.159M Shares 7,475 Est. Cost $49.56 Unrealized —

MUSA MURPHY USA INC. 0.9%

Value $3.888M Shares 7,216 Est. Cost $45.74 Unrealized —

KGC KINROSS GOLD CORP NEW 0.2%

Value $1.046M Shares 44,300 Est. Cost $5.87 Unrealized —

PLPC PREFORMED LINE PRODS INC 0.2%

Value $903K Shares 2,200 Est. Cost $82.48 Unrealized —

COST COSTCO WHOLSALE CORP NEW 1.1%

Value $4.7M Shares 5,025 Est. Cost $95.71 Unrealized —

MA MASTERCARD INC 2.6%

Value $10.74M Shares 20,906 Est. Cost $70.62 Unrealized —

ASIX ADVANSIX INC COM 0.3%

Value $1.215M Shares 61,151 Est. Cost $16.50 Unrealized —

— ANGLOGOLD LTD 0.3%

Value $1.346M Shares 16,650 Est. Cost $14.40 Unrealized —

BK BANK OF NEW YORK CO INC 0.4%

Value $1.612M Shares 11,150 Est. Cost $21.22 Unrealized —

FITB FIFTH THIRD BANCORP 0.4%

Value $1.533M Shares 27,210 Est. Cost $45.36 Unrealized —

SLB SCHLUMBERGER LTD F 0.6%

Value $2.371M Shares 51,010 Est. Cost $39.85 Unrealized —

NSC NORFOLK SOUTHERN CORP 0.6%

Value $2.365M Shares 7,518 Est. Cost $57.67 Unrealized —

ICE INTERCONTINENTAL EXCHANGE 0.2%

Value $738K Shares 6,000 Est. Cost $46.42 Unrealized —

VLO VALERO ENERGY 0.9%

Value $3.971M Shares 15,250 Est. Cost $27.15 Unrealized —

NTR NUTRIEN LTD CO COM 0.2%

Value $950K Shares 15,096 Est. Cost $42.23 Unrealized —

CSX CSX CORP 0.3%

Value $1.373M Shares 28,900 Est. Cost $22.94 Unrealized —

RIG TRANSOCEAN SEDCO FOREX 0.1%

Value $500K Shares 102,276 Est. Cost $14.58 Unrealized —

CE CELANESE CORP. 0.1%

Value $419K Shares 9,115 Est. Cost $49.37 Unrealized —

JNJ JOHNSON & JOHNSON 1.4%

Value $6.072M Shares 23,912 Est. Cost $59.93 Unrealized —

MATX MATSON INC COM 0.3%

Value $1.162M Shares 6,050 Est. Cost $39.38 Unrealized —

MOS MOSAIC CO NEW 0.2%

Value $788K Shares 37,230 Est. Cost $25.52 Unrealized —

OXY OCCIDENTAL PETE CORP 0.1%

Value $485K Shares 10,003 Est. Cost $44.43 Unrealized —

IMO IMPERIAL OIL LTD 0.2%

Value $940K Shares 8,400 Est. Cost $19.43 Unrealized —

M MACYS INC. 0.2%

Value $646K Shares 27,450 Est. Cost $14.37 Unrealized —

DRI DARDEN RESTURANTS INC 0.8%

Value $3.203M Shares 15,550 Est. Cost $35.32 Unrealized —

LOW LOWES COMPANIES INC 0.5%

Value $1.973M Shares 8,950 Est. Cost $32.55 Unrealized —

SHEL SHELL PLC. 0.2%

Value $680K Shares 8,776 Est. Cost $54.84 Unrealized —

MRK MERCK & CO INC 0.5%

Value $2.306M Shares 17,950 Est. Cost $52.00 Unrealized —

MSA MINE SAFTEY APPLIANCE CO 0.5%

Value $2.083M Shares 11,935 Est. Cost $56.12 Unrealized —

KR KROGER CO 0.1%

Value $416K Shares 7,500 Est. Cost $33.97 Unrealized —

— STERIS PLC 0.6%

Value $2.372M Shares 11,265 Est. Cost $57.09 Unrealized —

FIS FIDELITY NATL INFO SVCS 0.1%

Value $564K Shares 14,526 Est. Cost $35.22 Unrealized —

DOV DOVER CORPORATION 0.4%

Value $1.732M Shares 7,725 Est. Cost $41.67 Unrealized —

CARR CARRIER GLOBAL CORP. 0.1%

Value $530K Shares 7,231 Est. Cost $26.37 Unrealized —

— CANADIAN PAC LTD NEW 0.3%

Value $1.255M Shares 14,492 Est. Cost $71.92 Unrealized —

VZ VERIZON COMM 0.1%

Value $628K Shares 14,839 Est. Cost $29.33 Unrealized —

BP BP PLC 0.1%

Value $426K Shares 11,530 Est. Cost $36.00 Unrealized —

ATO ATMOS ENERGY CORP 0.4%

Value $1.572M Shares 9,131 Est. Cost $32.40 Unrealized —

DNOW DNOW INC COM 0.3%

Value $1.29M Shares 99,520 Est. Cost $14.72 Unrealized —

WPM WHEATON PRECIOUS MET. 0.1%

Value $623K Shares 5,550 Est. Cost $82.33 Unrealized —

RL RALPH LAUREN CORP. 0.2%

Value $682K Shares 1,700 Est. Cost $111.82 Unrealized —

PFE PFIZER INC 0.1%

Value $569K Shares 23,650 Est. Cost $22.93 Unrealized —

SWK STANLEY BLACK & DECKER INC. 0.1%

Value $383K Shares 4,075 Est. Cost $59.57 Unrealized —

TDG TRANSDIGM GROUP INC. 0.2%

Value $712K Shares 535 Est. Cost $452.74 Unrealized —

PBT PERMIAN BASIN ROYALTY TR 0.2%

Value $636K Shares 25,400 Est. Cost $10.35 Unrealized —

B BARRICK MINING CORP 0.2%

Value $740K Shares 20,150 Est. Cost $20.08 Unrealized —

EL LAUDER ESTEE CORP CL A 0.2%

Value $866K Shares 10,972 Est. Cost $63.29 Unrealized —

SHW SHERWIN WILLIAMS CO 0.3%

Value $1.136M Shares 3,300 Est. Cost $193.12 Unrealized —

OKE ONEOK, INC 0.4%

Value $1.731M Shares 19,915 Est. Cost $22.97 Unrealized —

FANG DIAMONDBACK ENERGY 0.1%

Value $608K Shares 3,461 Est. Cost $55.57 Unrealized —

CME CME GROUP INC COM 0.1%

Value $220K Shares 1,000 Est. Cost $196.43 Unrealized —

— ASA GOLD & PRECS MTLS 0.1%

Value $390K Shares 7,500 Est. Cost $30.13 Unrealized —

PAAS PAN AMERICAN SILVER 0.1%

Value $335K Shares 7,500 Est. Cost $23.93 Unrealized —

VVV VALVOLINE INC. 0.1%

Value $489K Shares 12,380 Est. Cost $23.39 Unrealized —

NE NOBLE CORP 0.1%

Value $223K Shares 6,000 Est. Cost $37.17 Unrealized —

CMI CUMMINS INC 0.1%

Value $285K Shares 400 Est. Cost $466.32 Unrealized —

IBM INTL BUSINESS MACHINES 0.1%

Value $492K Shares 1,750 Est. Cost $109.98 Unrealized —

GPC GENUINE PARTS CO COM 0.1%

Value $626K Shares 5,310 Est. Cost $56.06 Unrealized —

EBAY EBAY INC 0.1%

Value $344K Shares 3,081 Est. Cost $65.70 Unrealized —

ORN ORION MARINE GROUP 0.0%

Value $176K Shares 10,500 Est. Cost $4.10 Unrealized —

APA APACHE CORP 0.0%

Value $205K Shares 6,300 Est. Cost $26.43 Unrealized —

ZION ZIONS BANCORPORATION COM 0.1%

Value $363K Shares 5,250 Est. Cost $34.87 Unrealized —

OVV OVINTIV INC. 0.1%

Value $452K Shares 8,594 Est. Cost $21.39 Unrealized —

CLF CLEVELAND-CLIFFS, INC. 0.1%

Value $570K Shares 60,725 Est. Cost $14.89 Unrealized —

RF REGIONS FINANCIAL CP NEW 0.1%

Value $410K Shares 13,600 Est. Cost $7.42 Unrealized —

EMN EASTMAN CHEMICAL 0.1%

Value $378K Shares 5,650 Est. Cost $93.58 Unrealized —

NRT NO EUROPEAN OIL TR 0.1%

Value $226K Shares 31,034 Est. Cost $15.00 Unrealized —

FLR FLUOR CORPORATION 0.1%

Value $479K Shares 9,150 Est. Cost $14.16 Unrealized —

PNC PNC BANK CORP 0.1%

Value $325K Shares 1,320 Est. Cost $85.95 Unrealized —

DINO HF SINCLAIR CORP. 0.1%

Value $484K Shares 6,950 Est. Cost $30.32 Unrealized —

BMY BRISTOL MYERS SQUIBB CO 0.2%

Value $899K Shares 15,605 Est. Cost $30.32 Unrealized —

— O-I GLASS, INC. 0.1%

Value $583K Shares 60,617 Est. Cost $16.97 Unrealized —

AWR AMERICAN STATES WATER CO 0.1%

Value $528K Shares 6,400 Est. Cost $21.56 Unrealized —

CFR CULLEN FROST BANKERS 0.1%

Value $401K Shares 2,600 Est. Cost $67.58 Unrealized —

HAL HALLIBURTON COMPANY 0.1%

Value $297K Shares 8,770 Est. Cost $21.87 Unrealized —

EXPD EXPEDITORS INTL WASH 0.1%

Value $350K Shares 2,150 Est. Cost $68.29 Unrealized —

HP HELMERICH & PAYNE INC 0.1%

Value $419K Shares 12,800 Est. Cost $60.66 Unrealized —

ALLE ALLEGION PUBLIC LTD. CO. 0.2%

Value $943K Shares 6,719 Est. Cost $44.84 Unrealized —

KMI KINDER MORGAN INC 0.2%

Value $800K Shares 25,037 Est. Cost $13.26 Unrealized —

CBOE CBOE HOLDINGS INC COMMON 0.1%

Value $242K Shares 1,000 Est. Cost $206.46 Unrealized —

BKR BAKER HUGHES CO. 0.1%

Value $388K Shares 7,000 Est. Cost $25.64 Unrealized —

OGS ONE GAS INC COM 0.1%

Value $312K Shares 4,058 Est. Cost $47.62 Unrealized —

PCAR PACCAR INC 0.2%

Value $951K Shares 7,922 Est. Cost $36.63 Unrealized —

TPL TEX PAC LAND SUB CTF 0.1%

Value $393K Shares 900 Est. Cost $271.61 Unrealized —

V VISA INC CL A 0.1%

Value $273K Shares 798 Est. Cost $272.27 Unrealized —

RTX RTX CORP. 0.3%

Value $1.35M Shares 7,117 Est. Cost $54.61 Unrealized —

MWA MUELLER WATER PRODUCTS 0.1%

Value $458K Shares 17,750 Est. Cost $6.27 Unrealized —

PRK PARK NATIONAL CORP 0.1%

Value $274K Shares 1,500 Est. Cost $111.07 Unrealized —

— XEROX CORP 0.0%

Value $49,000 Shares 15,742 Est. Cost $14.70 Unrealized —

AZN ASTRAZENECA PLC ADR 0.2%

Value $663K Shares 3,499 Est. Cost $43.84 Unrealized —

MKL MARKEL CORP. 0.3%

Value $1.329M Shares 681 Est. Cost $1095.40 Unrealized —

JCI JOHNSON CONTROLS 0.1%

Value $248K Shares 1,700 Est. Cost $114.81 Unrealized —

RGCO RGC RESOURCES INC 0.1%

Value $329K Shares 13,800 Est. Cost $18.59 Unrealized —

SCHW THE CHARLES SCHWAB CORP 0.3%

Value $1.314M Shares 14,245 Est. Cost $42.34 Unrealized —

CMC COMMERCIAL METALS CO 0.3%

Value $1.091M Shares 17,400 Est. Cost $20.09 Unrealized —

ORI OLD REPUBLIC INTL CORP 0.2%

Value $833K Shares 20,358 Est. Cost $13.88 Unrealized —

AEP AMER ELECTRIC PWR CO INC 0.1%

Value $484K Shares 3,540 Est. Cost $36.43 Unrealized —

KOS KOSMOS ENERGY LTD 0.0%

Value $63,000 Shares 30,000 Est. Cost $3.59 Unrealized —

ARTNA ARTESIAN RES CORP CLA 0.1%

Value $307K Shares 9,050 Est. Cost $16.06 Unrealized —

— INGERSOLL-RAND COMPANY 0.3%

Value $1.439M Shares 17,558 Est. Cost $56.28 Unrealized —

AMGN AMGEN INC 0.1%

Value $630K Shares 1,740 Est. Cost $108.64 Unrealized —

NDAQ NASDAQ STOCK MARKET INC 0.1%

Value $236K Shares 3,000 Est. Cost $67.05 Unrealized —

PTEN PATTERSON UTIL ENRGY 0.0%

Value $92,000 Shares 10,100 Est. Cost $5.97 Unrealized —

DIS DISNEY WALT HOLDING CO 0.5%

Value $2.101M Shares 21,838 Est. Cost $73.99 Unrealized —

PAYX PAYCHEX INC 0.1%

Value $240K Shares 2,441 Est. Cost $76.93 Unrealized —

CC CHEMOURS COMPANY 0.1%

Value $220K Shares 10,755 Est. Cost $11.76 Unrealized —

CL COLGATE-PALMOLIVE CO 0.1%

Value $229K Shares 2,500 Est. Cost $88.75 Unrealized —

WFC WELLS FARGO & CO NEW 0.1%

Value $447K Shares 5,418 Est. Cost $23.87 Unrealized —

CTAS CINTAS CORP 0.7%

Value $2.933M Shares 17,249 Est. Cost $145.82 Unrealized —

ACCO ACCO BRANDS CORP COM 0.0%

Value $56,000 Shares 13,500 Est. Cost $6.58 Unrealized —

CVE CENOVUS ENERGY INC 0.1%

Value $219K Shares 8,850 Est. Cost $19.61 Unrealized —

IP INTERNATIONAL PAPER CO 0.1%

Value $220K Shares 5,795 Est. Cost $27.17 Unrealized —

XPL SOLITARIO EXPLORATION 0.0%

Value $112K Shares 150,000 Est. Cost $1.31 Unrealized —

— NUVEEN QUALITY MUNICIPAL 0.0%

Value $187K Shares 15,493 Est. Cost $12.91 Unrealized —

BF/B BROWN FORMAN CORP CL B 0.3%

Value $1.153M Shares 43,284 Est. Cost $32.03 Unrealized —

FTI TECHNIP FMC LTD. 0.0%

Value $206K Shares 3,120 Est. Cost $56.35 Unrealized —

ITW ILLINOIS TOOL WORKS 0.1%

Value $216K Shares 800 Est. Cost $273.24 Unrealized —

BMI BADGER METER INC 0.1%

Value $296K Shares 2,000 Est. Cost $106.24 Unrealized —

— DNP SELECT INCOME FUND 0.0%

Value $158K Shares 14,655 Est. Cost $10.24 Unrealized —

MKC MC CORMICK & CO NEW VT 0.4%

Value $1.856M Shares 36,825 Est. Cost $57.45 Unrealized —

GT GOODYEAR TIRE & RUBBER 0.1%

Value $417K Shares 63,241 Est. Cost $18.50 Unrealized —

CHDN CHURCHILL DOWNS INC KY 0.1%

Value $322K Shares 3,600 Est. Cost $95.65 Unrealized —

ENB ENBRIDGE INC. 0.3%

Value $1.372M Shares 25,325 Est. Cost $24.38 Unrealized —

ORLY O REILLY AUTOMOTIVE INC 0.1%

Value $414K Shares 4,500 Est. Cost $87.98 Unrealized —

SCHP SCHWAB US TIPS ETF 0.1%

Value $238K Shares 9,000 Est. Cost $48.53 Unrealized —

ALCO ALICO INC. 0.1%

Value $227K Shares 5,500 Est. Cost $34.77 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XOM	EXXON MOBIL CORP	80,140	$10.96M	2.6%	$53.11	—	—	30231G102
CAT	CATERPILLAR INC	7,188	$7.654M	1.8%	$63.39	—	—	149123101
CVX	CHEVRONTEXACO CORP	52,361	$8.679M	2.1%	$86.78	—	—	166764100
GRC	GORMAN-RUPP CO COM	61,856	$5.674M	1.3%	$26.65	—	—	383082104
AIT	APPLIED INDL. TECH.	19,809	$6.698M	1.6%	$40.80	—	—	03820C105
—	EATON CORPORATION	15,292	$6.516M	1.5%	$67.08	—	—	278058102
TKR	TIMKEN COMPANY	22,074	$3.207M	0.8%	$39.59	—	—	887389104
ADI	ANALOG DEVICES INC	11,370	$4.515M	1.1%	$40.57	—	—	032654105
SBUX	STARBUCKS CORP	67,061	$6.852M	1.6%	$32.51	—	—	855244109
AAPL	APPLE, INC	23,416	$6.775M	1.6%	$83.20	—	—	037833100
DE	DEERE & CO	12,145	$7.703M	1.8%	$82.46	—	—	244199105
DOW	DOW CHEMICAL	48,806	$1.335M	0.3%	$36.33	—	—	260557103
A	AGILENT TECHNOLOGIES	38,817	$5.156M	1.2%	$31.63	—	—	00846U101
ATI	ALLEGHENY TECH INC	12,050	$2.375M	0.6%	$16.58	—	—	01741R102
AGI	ALAMOS GOLD INC.	40,000	$1.213M	0.3%	$6.15	—	—	011532108
BG	BUNGE	26,266	$2.803M	0.7%	$88.20	—	—	H11356104
NEM	NEWMONT GOLDCORP	31,909	$2.98M	0.7%	$27.28	—	—	651639106
Q	QNITY ELECTRONICS INC.	9,731	$1.589M	0.4%	$86.68	—	—	74743L100
UNP	UNION PACIFIC CORP	15,586	$4.239M	1.0%	$67.70	—	—	907818108
AIN	ALBANY INT'L CORP.	19,850	$1.478M	0.4%	$33.48	—	—	012348108
STLD	STEEL DYNAMICS INC	8,400	$1.927M	0.5%	$22.96	—	—	858119100
ABT	ABBOTT LABORATORIES	29,107	$2.641M	0.6%	$30.33	—	—	002824100
AEM	AGNICO-EAGLE MINES LTD	7,475	$1.159M	0.3%	$49.56	—	—	008474108
MUSA	MURPHY USA INC.	7,216	$3.888M	0.9%	$45.74	—	—	626755102
KGC	KINROSS GOLD CORP NEW	44,300	$1.046M	0.2%	$5.87	—	—	496902404
PLPC	PREFORMED LINE PRODS INC	2,200	$903K	0.2%	$82.48	—	—	740444104
COST	COSTCO WHOLSALE CORP NEW	5,025	$4.7M	1.1%	$95.71	—	—	22160K105
MA	MASTERCARD INC	20,906	$10.74M	2.6%	$70.62	—	—	57636Q104
ASIX	ADVANSIX INC COM	61,151	$1.215M	0.3%	$16.50	—	—	00773T101
—	ANGLOGOLD LTD	16,650	$1.346M	0.3%	$14.40	—	—	035128206
BK	BANK OF NEW YORK CO INC	11,150	$1.612M	0.4%	$21.22	—	—	064058100
FITB	FIFTH THIRD BANCORP	27,210	$1.533M	0.4%	$45.36	—	—	316773100
SLB	SCHLUMBERGER LTD F	51,010	$2.371M	0.6%	$39.85	—	—	806857108
NSC	NORFOLK SOUTHERN CORP	7,518	$2.365M	0.6%	$57.67	—	—	655844108
ICE	INTERCONTINENTAL EXCHANGE	6,000	$738K	0.2%	$46.42	—	—	45866F104
VLO	VALERO ENERGY	15,250	$3.971M	0.9%	$27.15	—	—	91913Y100
NTR	NUTRIEN LTD CO COM	15,096	$950K	0.2%	$42.23	—	—	67077M108
CSX	CSX CORP	28,900	$1.373M	0.3%	$22.94	—	—	126408103
RIG	TRANSOCEAN SEDCO FOREX	102,276	$500K	0.1%	$14.58	—	—	H8817H100
CE	CELANESE CORP.	9,115	$419K	0.1%	$49.37	—	—	150870103
JNJ	JOHNSON & JOHNSON	23,912	$6.072M	1.4%	$59.93	—	—	478160104
MATX	MATSON INC COM	6,050	$1.162M	0.3%	$39.38	—	—	57686G105
MOS	MOSAIC CO NEW	37,230	$788K	0.2%	$25.52	—	—	61945C103
OXY	OCCIDENTAL PETE CORP	10,003	$485K	0.1%	$44.43	—	—	674599105
IMO	IMPERIAL OIL LTD	8,400	$940K	0.2%	$19.43	—	—	453038408
M	MACYS INC.	27,450	$646K	0.2%	$14.37	—	—	55616P104
DRI	DARDEN RESTURANTS INC	15,550	$3.203M	0.8%	$35.32	—	—	237194105
LOW	LOWES COMPANIES INC	8,950	$1.973M	0.5%	$32.55	—	—	548661107
SHEL	SHELL PLC.	8,776	$680K	0.2%	$54.84	—	—	780259305
MRK	MERCK & CO INC	17,950	$2.306M	0.5%	$52.00	—	—	58933Y105
MSA	MINE SAFTEY APPLIANCE CO	11,935	$2.083M	0.5%	$56.12	—	—	553498106
KR	KROGER CO	7,500	$416K	0.1%	$33.97	—	—	501044101
—	STERIS PLC	11,265	$2.372M	0.6%	$57.09	—	—	859152100
FIS	FIDELITY NATL INFO SVCS	14,526	$564K	0.1%	$35.22	—	—	31620M106
DOV	DOVER CORPORATION	7,725	$1.732M	0.4%	$41.67	—	—	260003108
CARR	CARRIER GLOBAL CORP.	7,231	$530K	0.1%	$26.37	—	—	14448C104
—	CANADIAN PAC LTD NEW	14,492	$1.255M	0.3%	$71.92	—	—	13645T100
VZ	VERIZON COMM	14,839	$628K	0.1%	$29.33	—	—	92343V104
BP	BP PLC	11,530	$426K	0.1%	$36.00	—	—	055622104
ATO	ATMOS ENERGY CORP	9,131	$1.572M	0.4%	$32.40	—	—	049560105
DNOW	DNOW INC COM	99,520	$1.29M	0.3%	$14.72	—	—	67011P100
WPM	WHEATON PRECIOUS MET.	5,550	$623K	0.1%	$82.33	—	—	962879102
RL	RALPH LAUREN CORP.	1,700	$682K	0.2%	$111.82	—	—	751212101
PFE	PFIZER INC	23,650	$569K	0.1%	$22.93	—	—	717081103
SWK	STANLEY BLACK & DECKER INC.	4,075	$383K	0.1%	$59.57	—	—	854502101
TDG	TRANSDIGM GROUP INC.	535	$712K	0.2%	$452.74	—	—	893641100
PBT	PERMIAN BASIN ROYALTY TR	25,400	$636K	0.2%	$10.35	—	—	714236106
B	BARRICK MINING CORP	20,150	$740K	0.2%	$20.08	—	—	06849F108
EL	LAUDER ESTEE CORP CL A	10,972	$866K	0.2%	$63.29	—	—	518439104
SHW	SHERWIN WILLIAMS CO	3,300	$1.136M	0.3%	$193.12	—	—	824348106
OKE	ONEOK, INC	19,915	$1.731M	0.4%	$22.97	—	—	682680103
FANG	DIAMONDBACK ENERGY	3,461	$608K	0.1%	$55.57	—	—	25278X109
CME	CME GROUP INC COM	1,000	$220K	0.1%	$196.43	—	—	12572Q105
—	ASA GOLD & PRECS MTLS	7,500	$390K	0.1%	$30.13	—	—	G3156P103
PAAS	PAN AMERICAN SILVER	7,500	$335K	0.1%	$23.93	—	—	697900108
VVV	VALVOLINE INC.	12,380	$489K	0.1%	$23.39	—	—	92047W101
NE	NOBLE CORP	6,000	$223K	0.1%	$37.17	—	—	G65431127
CMI	CUMMINS INC	400	$285K	0.1%	$466.32	—	—	231021106
IBM	INTL BUSINESS MACHINES	1,750	$492K	0.1%	$109.98	—	—	459200101
GPC	GENUINE PARTS CO COM	5,310	$626K	0.1%	$56.06	—	—	372460105
EBAY	EBAY INC	3,081	$344K	0.1%	$65.70	—	—	278642103
ORN	ORION MARINE GROUP	10,500	$176K	0.0%	$4.10	—	—	68628V308
APA	APACHE CORP	6,300	$205K	0.0%	$26.43	—	—	03743Q108
ZION	ZIONS BANCORPORATION COM	5,250	$363K	0.1%	$34.87	—	—	989701107
OVV	OVINTIV INC.	8,594	$452K	0.1%	$21.39	—	—	69047Q102
CLF	CLEVELAND-CLIFFS, INC.	60,725	$570K	0.1%	$14.89	—	—	185899101
RF	REGIONS FINANCIAL CP NEW	13,600	$410K	0.1%	$7.42	—	—	7591EP100
EMN	EASTMAN CHEMICAL	5,650	$378K	0.1%	$93.58	—	—	277432100
NRT	NO EUROPEAN OIL TR	31,034	$226K	0.1%	$15.00	—	—	659310106
FLR	FLUOR CORPORATION	9,150	$479K	0.1%	$14.16	—	—	343412102
PNC	PNC BANK CORP	1,320	$325K	0.1%	$85.95	—	—	693475105
DINO	HF SINCLAIR CORP.	6,950	$484K	0.1%	$30.32	—	—	403949100
BMY	BRISTOL MYERS SQUIBB CO	15,605	$899K	0.2%	$30.32	—	—	110122108
—	O-I GLASS, INC.	60,617	$583K	0.1%	$16.97	—	—	690768403
AWR	AMERICAN STATES WATER CO	6,400	$528K	0.1%	$21.56	—	—	029899101
CFR	CULLEN FROST BANKERS	2,600	$401K	0.1%	$67.58	—	—	229899109
HAL	HALLIBURTON COMPANY	8,770	$297K	0.1%	$21.87	—	—	406216101
EXPD	EXPEDITORS INTL WASH	2,150	$350K	0.1%	$68.29	—	—	302130109
HP	HELMERICH & PAYNE INC	12,800	$419K	0.1%	$60.66	—	—	423452101
ALLE	ALLEGION PUBLIC LTD. CO.	6,719	$943K	0.2%	$44.84	—	—	G0176J109
KMI	KINDER MORGAN INC	25,037	$800K	0.2%	$13.26	—	—	49456B101
CBOE	CBOE HOLDINGS INC COMMON	1,000	$242K	0.1%	$206.46	—	—	12503M108
BKR	BAKER HUGHES CO.	7,000	$388K	0.1%	$25.64	—	—	05722G100
OGS	ONE GAS INC COM	4,058	$312K	0.1%	$47.62	—	—	68235P108
PCAR	PACCAR INC	7,922	$951K	0.2%	$36.63	—	—	693718108
TPL	TEX PAC LAND SUB CTF	900	$393K	0.1%	$271.61	—	—	88262P102
V	VISA INC CL A	798	$273K	0.1%	$272.27	—	—	92826C839
RTX	RTX CORP.	7,117	$1.35M	0.3%	$54.61	—	—	75513E101
MWA	MUELLER WATER PRODUCTS	17,750	$458K	0.1%	$6.27	—	—	624758108
PRK	PARK NATIONAL CORP	1,500	$274K	0.1%	$111.07	—	—	700658107
—	XEROX CORP	15,742	$49,000	0.0%	$14.70	—	—	984121103
AZN	ASTRAZENECA PLC ADR	3,499	$663K	0.2%	$43.84	—	—	046353108
MKL	MARKEL CORP.	681	$1.329M	0.3%	$1095.40	—	—	570535104
JCI	JOHNSON CONTROLS	1,700	$248K	0.1%	$114.81	—	—	G51502105
RGCO	RGC RESOURCES INC	13,800	$329K	0.1%	$18.59	—	—	74955L103
SCHW	THE CHARLES SCHWAB CORP	14,245	$1.314M	0.3%	$42.34	—	—	808513105
CMC	COMMERCIAL METALS CO	17,400	$1.091M	0.3%	$20.09	—	—	201723103
ORI	OLD REPUBLIC INTL CORP	20,358	$833K	0.2%	$13.88	—	—	680223104
AEP	AMER ELECTRIC PWR CO INC	3,540	$484K	0.1%	$36.43	—	—	025537101
KOS	KOSMOS ENERGY LTD	30,000	$63,000	0.0%	$3.59	—	—	500688106
ARTNA	ARTESIAN RES CORP CLA	9,050	$307K	0.1%	$16.06	—	—	043113208
—	INGERSOLL-RAND COMPANY	17,558	$1.439M	0.3%	$56.28	—	—	G47791101
AMGN	AMGEN INC	1,740	$630K	0.1%	$108.64	—	—	031162100
NDAQ	NASDAQ STOCK MARKET INC	3,000	$236K	0.1%	$67.05	—	—	631103108
PTEN	PATTERSON UTIL ENRGY	10,100	$92,000	0.0%	$5.97	—	—	703481101
DIS	DISNEY WALT HOLDING CO	21,838	$2.101M	0.5%	$73.99	—	—	254687106
PAYX	PAYCHEX INC	2,441	$240K	0.1%	$76.93	—	—	704326107
CC	CHEMOURS COMPANY	10,755	$220K	0.1%	$11.76	—	—	163851108
CL	COLGATE-PALMOLIVE CO	2,500	$229K	0.1%	$88.75	—	—	194162103
WFC	WELLS FARGO & CO NEW	5,418	$447K	0.1%	$23.87	—	—	949746101
CTAS	CINTAS CORP	17,249	$2.933M	0.7%	$145.82	—	—	172908105
ACCO	ACCO BRANDS CORP COM	13,500	$56,000	0.0%	$6.58	—	—	00081T108
CVE	CENOVUS ENERGY INC	8,850	$219K	0.1%	$19.61	—	—	15135U109
IP	INTERNATIONAL PAPER CO	5,795	$220K	0.1%	$27.17	—	—	460146103
XPL	SOLITARIO EXPLORATION	150,000	$112K	0.0%	$1.31	—	—	8342EP107
—	NUVEEN QUALITY MUNICIPAL	15,493	$187K	0.0%	$12.91	—	—	67066V101
BF/B	BROWN FORMAN CORP CL B	43,284	$1.153M	0.3%	$32.03	—	—	115637209
FTI	TECHNIP FMC LTD.	3,120	$206K	0.0%	$56.35	—	—	G87110105
ITW	ILLINOIS TOOL WORKS	800	$216K	0.1%	$273.24	—	—	452308109
BMI	BADGER METER INC	2,000	$296K	0.1%	$106.24	—	—	056525108
—	DNP SELECT INCOME FUND	14,655	$158K	0.0%	$10.24	—	—	23325P104
MKC	MC CORMICK & CO NEW VT	36,825	$1.856M	0.4%	$57.45	—	—	579780206
GT	GOODYEAR TIRE & RUBBER	63,241	$417K	0.1%	$18.50	—	—	382550101
CHDN	CHURCHILL DOWNS INC KY	3,600	$322K	0.1%	$95.65	—	—	171484108
ENB	ENBRIDGE INC.	25,325	$1.372M	0.3%	$24.38	—	—	29250N105
ORLY	O REILLY AUTOMOTIVE INC	4,500	$414K	0.1%	$87.98	—	—	67103H107
SCHP	SCHWAB US TIPS ETF	9,000	$238K	0.1%	$48.53	—	—	808524870
ALCO	ALICO INC.	5,500	$227K	0.1%	$34.77	—	—	016230104