Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	129,300	$19.25M	11.1%	$65.75	+93.2%	COM	478160104
—	JPMorgan Chase	75,569	$7.275M	4.2%	$58.86	—	COM	46625h100
AAPL	Apple	50,260	$5.821M	3.4%	$85.03	+24.6%	COM	037833100
PG	Procter & Gamble	41,406	$5.755M	3.3%	$58.01	+100.5%	COM	742718109
—	Hoya Capital Housing ETF	175,547	$5.131M	3.0%	$26.57	—	COM	26922a230
PFE	Pfizer	135,415	$4.97M	2.9%	$17.65	+53.6%	COM	717081103
NSRGY	Nestle ADR	41,497	$4.939M	2.9%	$77.33	—	COM	641069406
INTC	Intel	84,695	$4.385M	2.5%	$20.38	+128.2%	COM	458140100
MSFT	Microsoft	19,630	$4.128M	2.4%	$61.40	+227.0%	COM	594918104
BMY	Bristol-Myers Squibb	67,812	$4.089M	2.4%	$36.67	+32.5%	COM	110122108
CLX	Clorox	18,504	$3.889M	2.2%	$63.81	+196.1%	COM	189054109
PEP	PepsiCo	26,857	$3.723M	2.2%	$57.75	+99.4%	COM	713448108
DIS	Disney	29,963	$3.718M	2.2%	$71.78	+70.1%	COM	254687106
ABT	Abbott Laboratories	33,392	$3.634M	2.1%	$33.91	+172.3%	COM	002824100
HD	Home Depot	11,027	$3.062M	1.8%	$84.52	+181.2%	COM	437076102
—	Merck	36,693	$3.044M	1.8%	$50.04	—	COM	58933y105
ABBV	Abbvie	33,112	$2.9M	1.7%	$31.21	+144.5%	COM	00287Y109
SPGI	S&P Global	7,682	$2.77M	1.6%	$106.64	+216.4%	COM	78409V104
AMZN	Amazon	824	$2.594M	1.5%	$86.54	+82.2%	COM	023135106
MKC	McCormick	11,435	$2.22M	1.3%	$27.37	+220.2%	COM	579780206
—	Verizon Communications	35,142	$2.091M	1.2%	$52.01	—	COM	92343v104
XOM	Exxon Mobil	59,889	$2.056M	1.2%	$55.85	-42.1%	COM	30231G102
—	Alphabet Class C	1,376	$2.022M	1.2%	$914.94	—	COM	02079k107
WM	Waste Management	17,521	$1.983M	1.1%	$47.68	+112.5%	COM	94106L109
—	Zoetis	10,950	$1.811M	1.0%	$74.17	—	COM	98978v103
IBM	International Business Machine	14,518	$1.766M	1.0%	$104.43	-10.1%	COM	459200101
MCD	McDonald's Corp.	7,825	$1.718M	1.0%	$70.01	+159.1%	COM	580135101
—	Dell	25,000	$1.692M	1.0%	$55.08	—	COM	24703l103
SNPS	Synopsys	7,852	$1.68M	1.0%	$78.29	+160.0%	COM	871607107
—	Zimmer Biomet	11,894	$1.619M	0.9%	$105.38	—	COM	98956p102
AMGN	Amgen	6,273	$1.594M	0.9%	$97.44	+115.0%	COM	031162100
AXP	American Express	15,393	$1.543M	0.9%	$72.71	+26.4%	COM	025816109
AMAT	Applied Materials	24,912	$1.481M	0.9%	$42.12	+39.8%	COM	038222105
NEM	Newmont Mining Corp.	22,542	$1.43M	0.8%	$28.81	+91.4%	COM	651639106
DIOD	Diodes	24,035	$1.357M	0.8%	$28.45	+78.0%	COM	254543101
CVX	Chevron	18,284	$1.316M	0.8%	$71.37	-6.8%	COM	166764100
SCHW	Schwab, Charles	36,063	$1.307M	0.8%	$34.51	-6.1%	COM	808513105
ICLR	Icon PLC	6,501	$1.242M	0.7%	$106.42	+72.7%	COM	G4705A100
HUM	Humana	2,820	$1.167M	0.7%	$237.50	+61.3%	COM	444859102
WMT	Wal-Mart Stores	8,042	$1.125M	0.7%	$20.33	+103.2%	COM	931142103
PWR	Quanta Services	20,956	$1.108M	0.6%	$34.50	+33.4%	COM	74762E102
ROK	Rockwell Automation	4,975	$1.098M	0.6%	$144.03	+41.4%	COM	773903109
DD	Du Pont (E.I) de Nemours	19,475	$1.08M	0.6%	$27.24	-22.6%	COM	26614N102
UNP	Union Pacific	5,450	$1.073M	0.6%	$72.00	+129.0%	COM	907818108
UNH	United Health Group	3,390	$1.057M	0.6%	$133.80	+110.2%	COM	91324P102
NVDA	Nvidia Corp.	1,948	$1.054M	0.6%	$4.52	+156.7%	COM	67066G104
—	Match Group	9,496	$1.051M	0.6%	$110.68	—	COM	57665r106
RS	Reliance Steel & Aluminum	9,781	$998K	0.6%	$77.77	+30.9%	COM	759509102
EMR	Emerson Electric	15,004	$983K	0.6%	$48.20	+22.0%	COM	291011104
MAA	Mid America Apartment Communit	8,469	$982K	0.6%	$79.97	+20.0%	COM	59522J103
CMS	CMS Energy	15,368	$944K	0.5%	$36.62	+42.1%	COM	125896100
NDAQ	Nasdaq	7,655	$939K	0.5%	$21.93	+80.4%	COM	631103108
—	3M	5,830	$934K	0.5%	$142.38	—	COM	88579y101
BDX	Becton Dickinson	3,929	$914K	0.5%	$195.10	+15.5%	COM	075887109
DOW	Dow	19,225	$905K	0.5%	$36.37	-7.9%	COM	260557103
—	Laboratory Corp. of America	4,795	$903K	0.5%	$188.32	—	COM	50540r409
—	Store Cap Corp	32,250	$885K	0.5%	$25.69	—	COM	862121100
DHI	D R Horton	11,500	$870K	0.5%	$50.41	+28.4%	COM	23331A109
CTSH	Cognizant Technology Solutions	12,000	$833K	0.5%	$67.32	-10.9%	COM	192446102
QCOM	Qualcomm	6,881	$810K	0.5%	$59.93	+58.8%	COM	747525103
UPS	United Parcel Service 'B'	4,820	$803K	0.5%	$77.51	+51.4%	COM	911312106
DOV	Dover Corp.	7,318	$793K	0.5%	$61.59	+61.9%	COM	260003108
—	National Health Investors	13,000	$784K	0.5%	$78.56	—	COM	63633d104
AWK	American Water Works	5,405	$783K	0.5%	$70.71	+80.8%	COM	030420103
INTU	Intuit	2,300	$750K	0.4%	$249.70	+21.2%	COM	461202103
DLB	Dolby Class A	11,090	$735K	0.4%	$47.41	+31.8%	COM	25659T107
VAC	Marriott Vacations Worldwide	7,988	$725K	0.4%	$116.83	-22.3%	COM	57164Y107
LEA	Lear Corp.	6,600	$720K	0.4%	$94.58	+7.6%	COM	521865204
MAS	Masco Corp.	11,279	$622K	0.4%	$33.43	+52.6%	COM	574599106
AMN	AMN Healthcare Svcs.	10,500	$614K	0.4%	$62.88	-16.3%	COM	001744101
—	General Electric	93,570	$582K	0.3%	$27.51	—	COM	369604103
HII	Huntington Ingalls Ind.	4,005	$564K	0.3%	$182.05	-21.9%	COM	446413106
NSC	Norfolk Southern	2,619	$560K	0.3%	$65.71	+173.8%	COM	655844108
BYD	Boyd Gaming	18,000	$552K	0.3%	$26.95	-10.6%	COM	103304101
UHS	Universal Health Svcs	5,145	$551K	0.3%	$118.69	-12.2%	COM	913903100
—	IAC Interactive Corp.	4,400	$527K	0.3%	$119.77	—	COM	44919P508
KR	Kroger	15,500	$526K	0.3%	$25.42	+21.2%	COM	501044101
—	Truist Financial	13,199	$502K	0.3%	$56.30	—	COM	89832q109
—	Corteva	16,286	$470K	0.3%	$29.60	—	COM	22052l104
—	First American Financial	9,150	$466K	0.3%	$50.94	—	COM	31847r102
CVS	CVS/Caremark	7,955	$465K	0.3%	$44.92	+16.6%	COM	126650100
—	AT&T	16,070	$458K	0.3%	$34.62	—	COM	030177109
HUBB	Hubbell	3,300	$452K	0.3%	$110.23	+13.8%	COM	443510607
KMB	Kimberly Clark	2,942	$434K	0.3%	$66.36	+86.1%	COM	494368103
WLK	Westlake Chemical Corp.	6,711	$424K	0.2%	$66.78	-18.8%	COM	960413102
—	Cisco Systems	10,338	$407K	0.2%	$24.88	—	COM	17275R952
ORI	Old Republic	27,000	$398K	0.2%	$12.05	-16.7%	COM	680223104
—	Terreno Realty Corp.	7,200	$394K	0.2%	$52.64	—	COM	88146m101
FIS	Fidelity National Info.	2,666	$392K	0.2%	$40.05	+221.7%	COM	31620M106
EIX	Edison International	7,506	$382K	0.2%	$54.64	-23.6%	COM	281020107
DLR	Digital Realty Trust	2,605	$382K	0.2%	$91.19	+36.2%	COM	253868103
—	Wyndham Hotels & Resorts	7,408	$374K	0.2%	$58.82	—	COM	98311a105
AMP	Ameriprise Financial	2,400	$370K	0.2%	$78.85	+79.3%	COM	03076C106
URI	United Rentals	2,100	$366K	0.2%	$137.74	+18.2%	COM	911363109
BK	Bank of New York Mellon	10,560	$363K	0.2%	$24.30	+28.3%	COM	064058100
JKHY	Jack Henry & Assoc.	2,150	$350K	0.2%	$132.90	+22.2%	COM	426281101
LOW	Lowes	2,090	$347K	0.2%	$139.87	0.0%	COM	548661107
—	Flir Systems	9,346	$335K	0.2%	$39.65	—	COM	302445101
TGT	Target	2,100	$331K	0.2%	$98.18	+20.9%	COM	87612E106
KO	Coca-Cola	6,650	$328K	0.2%	$26.95	+51.4%	COM	191216100
YUM	Yum! Brands	3,537	$323K	0.2%	$40.89	+103.9%	COM	988498101
EFX	Equifax	1,971	$309K	0.2%	$77.84	+102.3%	COM	294429105
POST	Post Holdings	3,430	$295K	0.2%	$60.24	-5.3%	COM	737446104
MCO	Moody's Corp.	946	$274K	0.2%	$154.93	+76.1%	COM	615369105
—	Cigna	1,545	$262K	0.2%	$189.89	—	COM	125509109
—	FedEx	915	$230K	0.1%	$251.37	—	COM	31428x106
MDLZ	Mondelez	3,971	$228K	0.1%	$44.56	+9.0%	COM	609207105
KWR	Quaker Chemical	1,250	$225K	0.1%	$156.97	+22.3%	COM	747316107
—	Allete	4,300	$222K	0.1%	$87.33	—	COM	018522300
—	Alphabet Class A	146	$214K	0.1%	$1417.81	—	COM	02079k305
CAT	Caterpillar	1,408	$210K	0.1%	$126.81	0.0%	COM	149123101
PKG	Packaging Corp.	1,895	$207K	0.1%	$86.90	0.0%	COM	695156109
—	Verisign	1,000	$205K	0.1%	$207.00	—	COM	92343e102
—	Prologis	2,021	$203K	0.1%	$100.45	—	COM	888192887
ITW	Illinois Tool Works	1,044	$202K	0.1%	$167.30	0.0%	COM	452308109
SLB	Schlumberger	10,463	$163K	0.1%	$65.00	-74.6%	COM	806857108