Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	130,474	$18.17M	11.5%	$65.75	+74.5%	COM	478160104
—	JPMorgan Chase	76,797	$8.586M	5.5%	$58.86	—	COM	46625h100
PFE	Pfizer	135,949	$5.889M	3.7%	$17.65	+65.5%	COM	717081103
XOM	Exxon Mobil	66,010	$5.058M	3.2%	$55.85	+1.9%	COM	30231G102
PG	Procter & Gamble	41,848	$4.589M	2.9%	$58.01	+56.0%	COM	742718109
NSRGY	Nestle ADR	38,637	$4.005M	2.5%	$75.16	—	COM	641069406
INTC	Intel	80,695	$3.863M	2.5%	$18.86	+128.5%	COM	458140100
DIS	Disney	27,408	$3.827M	2.4%	$66.30	+93.1%	COM	254687106
PEP	PepsiCo	26,957	$3.535M	2.2%	$57.75	+81.4%	COM	713448108
—	Merck	36,927	$3.096M	2.0%	$50.04	—	COM	58933y105
—	Hoya Capital Housing ETF	110,970	$2.932M	1.9%	$25.62	—	COM	26922a230
CLX	Clorox	18,954	$2.902M	1.8%	$63.81	+97.0%	COM	189054109
ABT	Abbott Laboratories	30,378	$2.555M	1.6%	$29.33	+139.4%	COM	002824100
BMY	Bristol-Myers Squibb	55,861	$2.534M	1.6%	$34.56	+4.5%	COM	110122108
CVX	Chevron	20,184	$2.512M	1.6%	$71.37	+26.4%	COM	166764100
AAPL	Apple	12,595	$2.493M	1.6%	$22.88	+103.7%	COM	037833100
ABBV	Abbvie	32,829	$2.387M	1.5%	$31.21	+90.3%	COM	00287Y109
HD	Home Depot	10,628	$2.21M	1.4%	$81.40	+108.3%	COM	437076102
MKC	McCormick	14,055	$2.179M	1.4%	$27.37	+147.7%	COM	579780206
MSFT	Microsoft	15,717	$2.106M	1.3%	$37.16	+221.7%	COM	594918104
IBM	International Business Machine	13,427	$1.852M	1.2%	$105.50	-6.5%	COM	459200101
WM	Waste Management	15,796	$1.822M	1.2%	$40.01	+143.0%	COM	94106L109
SPGI	S&P Global	7,892	$1.798M	1.1%	$96.34	+114.4%	COM	78409V104
—	Verizon Communications	29,289	$1.673M	1.1%	$50.67	—	COM	92343v104
—	IAC Interactive Corp.	7,608	$1.655M	1.1%	$119.77	—	COM	44919P508
MCD	McDonald's Corp.	7,825	$1.625M	1.0%	$70.01	+142.5%	COM	580135101
SNPS	Synopsys	12,113	$1.559M	1.0%	$78.29	+53.6%	COM	871607107
DD	Du Pont (E.I) de Nemours	20,405	$1.532M	1.0%	$27.24	0.0%	COM	26614N102
AXP	American Express	12,153	$1.5M	1.0%	$69.27	+55.2%	COM	025816109
SCHW	Schwab, Charles	34,278	$1.378M	0.9%	$34.31	+15.7%	COM	808513105
AMAT	Applied Materials	27,115	$1.218M	0.8%	$42.12	-6.6%	COM	038222105
—	Genesee & Wyoming	11,763	$1.176M	0.7%	$77.59	—	COM	371559105
AMGN	Amgen	6,273	$1.156M	0.7%	$97.44	+50.0%	COM	031162100
—	Alphabet Class C	1,068	$1.155M	0.7%	$808.51	—	COM	02079k107
—	Dell	21,650	$1.1M	0.7%	$58.67	—	COM	24703l103
—	Zoetis	9,620	$1.092M	0.7%	$65.48	—	COM	98978v103
—	General Electric	103,565	$1.087M	0.7%	$27.51	—	COM	369604103
ICLR	Icon PLC	6,999	$1.078M	0.7%	$106.42	+31.8%	COM	G4705A100
—	Flir Systems	19,749	$1.068M	0.7%	$39.65	—	COM	302445101
AMZN	Amazon	556	$1.053M	0.7%	$82.52	+12.9%	COM	023135106
—	National Health Investors	13,465	$1.051M	0.7%	$78.56	—	COM	63633d104
BDX	Becton Dickinson	4,142	$1.044M	0.7%	$195.10	+7.5%	COM	075887109
—	Store Cap Corp	31,155	$1.034M	0.7%	$25.08	—	COM	862121100
EMR	Emerson Electric	15,278	$1.019M	0.6%	$48.20	+19.2%	COM	291011104
—	3M	5,830	$1.011M	0.6%	$142.38	—	COM	88579y101
—	Varian Medical Systems	7,384	$1.005M	0.6%	$101.50	—	COM	92220P105
RS	Reliance Steel & Aluminum	10,592	$1.002M	0.6%	$77.77	+15.1%	COM	759509102
MAA	Mid America Apartment Communit	8,462	$996K	0.6%	$77.78	+15.7%	COM	59522J103
DOW	Dow	19,620	$967K	0.6%	$36.37	0.0%	COM	260557103
CMS	CMS Energy	16,634	$963K	0.6%	$36.62	+26.1%	COM	125896100
DIOD	Diodes	25,944	$944K	0.6%	$28.45	+24.3%	COM	254543101
UNP	Union Pacific	5,550	$939K	0.6%	$72.00	+105.2%	COM	907818108
NEM	Newmont Mining Corp.	24,134	$928K	0.6%	$28.81	-3.0%	COM	651639106
WMT	Wal-Mart Stores	8,042	$889K	0.6%	$20.33	+54.0%	COM	931142103
ROK	Rockwell Automation	5,356	$877K	0.6%	$144.03	+4.1%	COM	773903109
—	Zimmer Biomet	7,370	$868K	0.6%	$93.60	—	COM	98956p102
PWR	Quanta Services	22,555	$861K	0.5%	$34.50	+8.2%	COM	74762E102
VAC	Marriott Vacations Worldwide	8,605	$830K	0.5%	$116.83	-15.6%	COM	57164Y107
—	Celgene	8,816	$815K	0.5%	$126.45	—	COM	151020104
HUM	Humana	3,060	$812K	0.5%	$237.50	+0.7%	COM	444859102
NDAQ	Nasdaq	8,354	$803K	0.5%	$21.93	+26.7%	COM	631103108
DOV	Dover Corp.	7,876	$789K	0.5%	$61.59	+41.6%	COM	260003108
DLB	Dolby Class A	12,150	$785K	0.5%	$47.41	+22.1%	COM	25659T107
POST	Post Holdings	7,355	$765K	0.5%	$60.24	+16.7%	COM	737446104
UHS	Universal Health Svcs	5,530	$721K	0.5%	$118.69	+2.8%	COM	913903100
UNH	United Health Group	2,945	$719K	0.5%	$117.85	+82.8%	COM	91324P102
—	Suntrust Banks	11,304	$710K	0.5%	$60.29	—	COM	867914103
KEY	Keycorp	38,740	$688K	0.4%	$14.64	-16.2%	COM	493267108
AWK	American Water Works	5,812	$674K	0.4%	$70.71	+37.9%	COM	030420103
CTSH	Cognizant Technology Solutions	10,180	$645K	0.4%	$70.61	-15.9%	COM	192446102
ORI	Old Republic	28,350	$634K	0.4%	$12.01	+4.8%	COM	680223104
CBT	Cabot Corp.	12,932	$617K	0.4%	$44.51	-14.3%	COM	127055101
—	Corteva	20,405	$604K	0.4%	$29.60	—	COM	22052l104
PII	Polaris Ind.	6,305	$575K	0.4%	$95.98	-5.1%	COM	731068102
—	Cisco Systems	10,338	$566K	0.4%	$24.88	—	COM	17275R952
EIX	Edison International	8,173	$551K	0.3%	$54.64	-15.2%	COM	281020107
NSC	Norfolk Southern	2,686	$535K	0.3%	$65.71	+163.8%	COM	655844108
WLK	Westlake Chemical Corp.	7,604	$528K	0.3%	$66.78	-10.6%	COM	960413102
—	First American Financial	9,724	$522K	0.3%	$50.94	—	COM	31847r102
—	Grand Canyon Education	4,457	$522K	0.3%	$96.03	—	COM	38526m106
SLB	Schlumberger	12,920	$513K	0.3%	$65.00	-48.2%	COM	806857108
—	AT&T	15,254	$511K	0.3%	$34.94	—	COM	030177109
MAS	Masco Corp.	12,731	$500K	0.3%	$33.43	+3.5%	COM	574599106
HII	Huntington Ingalls Ind.	2,150	$483K	0.3%	$178.23	+3.8%	COM	446413106
—	American Equity Inv. Life Hold	17,350	$471K	0.3%	$29.34	—	COM	025676206
BK	Bank of New York Mellon	10,560	$466K	0.3%	$24.30	+59.7%	COM	064058100
INTU	Intuit	1,775	$464K	0.3%	$243.45	0.0%	COM	461202103
BKR	Baker Hughes A GE	18,772	$462K	0.3%	$26.62	-25.1%	COM	05722G100
—	FedEx	2,765	$454K	0.3%	$222.33	—	COM	31428x106
—	Wyndham Hotels & Resorts	7,974	$444K	0.3%	$58.82	—	COM	98311a105
FITB	Fifth 3rd Bancorp	15,605	$435K	0.3%	$21.02	+0.2%	COM	316773100
—	Anadarko Petroleum	6,020	$425K	0.3%	$51.04	—	COM	032511107
AMCX	AMC Networks	7,492	$408K	0.3%	$58.08	-2.9%	COM	00164V103
KMB	Kimberly Clark	3,036	$405K	0.3%	$66.36	+54.0%	COM	494368103
YUM	Yum! Brands	3,537	$391K	0.2%	$40.89	+124.8%	COM	988498101
AMN	AMN Healthcare Svcs.	7,115	$386K	0.2%	$59.68	-15.0%	COM	001744101
KR	Kroger	17,185	$373K	0.2%	$25.42	-17.1%	COM	501044101
NVDA	Nvidia Corp.	2,129	$350K	0.2%	$4.19	-1.8%	COM	67066G104
—	Wyndham Destinations	7,974	$350K	0.2%	$44.27	—	COM	98310w108
AMP	Ameriprise Financial	2,400	$348K	0.2%	$78.85	+62.7%	COM	03076C106
KO	Coca-Cola	6,650	$339K	0.2%	$26.95	+48.2%	COM	191216100
FIS	Fidelity National Info.	2,666	$327K	0.2%	$40.05	+157.9%	COM	31620M106
CVS	CVS/Caremark	5,875	$320K	0.2%	$43.57	0.0%	COM	126650100
—	Cigna	1,774	$279K	0.2%	$189.89	—	COM	125509109
QCOM	Qualcomm	3,621	$275K	0.2%	$49.00	+28.0%	COM	747525103
—	Verisign	1,300	$272K	0.2%	$181.54	—	COM	92343e102
CAT	Caterpillar	1,957	$267K	0.2%	$66.01	+73.8%	COM	149123101
EFX	Equifax	1,971	$267K	0.2%	$77.84	+52.8%	COM	294429105
UPS	United Parcel Service 'B'	2,550	$263K	0.2%	$66.68	+20.2%	COM	911312106
KWR	Quaker Chemical	1,250	$254K	0.2%	$97.60	+108.3%	COM	747316107
CBRE	CBRE Group	4,945	$254K	0.2%	$46.95	+5.9%	COM	12504L109
MCO	Moody's Corp.	1,246	$243K	0.2%	$154.93	+15.8%	COM	615369105
DLR	Digital Realty Trust	1,990	$234K	0.1%	$88.42	+6.9%	COM	253868103
BAC	Bank America	7,571	$220K	0.1%	$23.89	+2.5%	COM	060505104
MDLZ	Mondelez	3,971	$214K	0.1%	$44.10	0.0%	COM	609207105