Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	103,734	$17.05M	8.2%	$65.75	+114.1%	COM	478160104
—	JPMorgan Chase	75,452	$11.49M	5.5%	$58.86	—	COM	46625h100
—	Hoya Capital Housing	176,222	$6.688M	3.2%	$26.68	—	COM	26922a230
AAPL	Apple	49,933	$6.099M	2.9%	$85.03	+47.1%	COM	037833100
PG	Procter & Gamble	41,131	$5.57M	2.7%	$58.01	+99.4%	COM	742718109
INTC	Intel	84,395	$5.401M	2.6%	$20.38	+165.4%	COM	458140100
DIS	Disney	29,263	$5.4M	2.6%	$71.78	+151.0%	COM	254687106
PFE	Pfizer	135,215	$4.899M	2.4%	$17.65	+58.8%	COM	717081103
NSRGY	Nestle ADR	42,222	$4.726M	2.3%	$78.17	—	COM	641069406
MSFT	Microsoft	19,602	$4.621M	2.2%	$63.55	+250.7%	COM	594918104
BMY	Bristol-Myers Squibb	73,107	$4.615M	2.2%	$37.68	+35.4%	COM	110122108
ABT	Abbott Laboratories	33,392	$4.002M	1.9%	$33.91	+220.4%	COM	002824100
PEP	PepsiCo	26,932	$3.809M	1.8%	$57.75	+104.2%	COM	713448108
ABBV	Abbvie	33,977	$3.677M	1.8%	$32.29	+175.4%	COM	00287Y109
CLX	Clorox	18,504	$3.569M	1.7%	$63.81	+158.6%	COM	189054109
HD	Home Depot	10,942	$3.34M	1.6%	$84.52	+189.2%	COM	437076102
AMAT	Applied Materials	24,912	$3.328M	1.6%	$42.12	+150.9%	COM	038222105
XOM	Exxon Mobil	55,820	$3.117M	1.5%	$55.85	-22.4%	COM	30231G102
SPGI	S&P Global	8,527	$3.009M	1.5%	$126.49	+152.7%	COM	78409V104
—	Alphabet Class C	1,374	$2.842M	1.4%	$914.94	—	COM	02079k107
—	Merck	36,643	$2.825M	1.4%	$50.04	—	COM	58933y105
AMZN	Amazon	839	$2.596M	1.3%	$87.42	+81.3%	COM	023135106
SCHW	Schwab, Charles	35,763	$2.331M	1.1%	$34.51	+64.9%	COM	808513105
WM	Waste Management	17,671	$2.28M	1.1%	$47.68	+126.8%	COM	94106L109
—	Dell	25,000	$2.204M	1.1%	$55.08	—	COM	24703l103
DIOD	Diodes	26,435	$2.111M	1.0%	$33.05	+139.3%	COM	254543101
AXP	American Express	14,656	$2.073M	1.0%	$72.71	+71.0%	COM	025816109
MKC	McCormick	22,660	$2.02M	1.0%	$56.09	+43.0%	COM	579780206
IBM	International Business Machine	15,111	$2.014M	1.0%	$104.00	-5.7%	COM	459200101
—	Verizon Communications	34,565	$2.01M	1.0%	$52.01	—	COM	92343v104
SNPS	Synopsys	7,852	$1.946M	0.9%	$78.29	+224.4%	COM	871607107
—	Zimmer Biomet	11,894	$1.904M	0.9%	$105.38	—	COM	98956p102
CVX	Chevron	18,159	$1.903M	0.9%	$71.37	+11.5%	COM	166764100
PWR	Quanta Services	20,956	$1.844M	0.9%	$34.50	+128.7%	COM	74762E102
MCD	McDonald's Corp.	7,825	$1.754M	0.8%	$70.01	+173.2%	COM	580135101
NEM	Newmont Mining Corp.	29,047	$1.751M	0.8%	$33.95	+51.0%	COM	651639106
—	Laboratory Corp. of America	6,829	$1.742M	0.8%	$205.38	—	COM	50540r409
—	Zoetis	10,950	$1.724M	0.8%	$74.17	—	COM	98978v103
DHI	D R Horton	18,130	$1.616M	0.8%	$58.82	+26.8%	COM	23331A109
AMGN	Amgen	6,273	$1.561M	0.8%	$97.44	+110.1%	COM	031162100
ICLR	Icon PLC	7,701	$1.512M	0.7%	$120.60	+63.7%	COM	G4705A100
DD	Du Pont (E.I) de Nemours	19,475	$1.505M	0.7%	$27.24	+6.7%	COM	26614N102
RS	Reliance Steel & Aluminum	9,781	$1.49M	0.7%	$77.77	+73.0%	COM	759509102
VAC	Marriott Vacations Worldwide	7,988	$1.391M	0.7%	$116.83	+33.4%	COM	57164Y107
HUM	Humana	3,270	$1.371M	0.7%	$257.29	+48.2%	COM	444859102
UNP	Union Pacific	6,100	$1.345M	0.6%	$87.70	+114.5%	COM	907818108
NDAQ	Nasdaq	9,005	$1.328M	0.6%	$25.30	+75.5%	COM	631103108
ROK	Rockwell Automation	4,975	$1.321M	0.6%	$144.03	+62.9%	COM	773903109
WMT	Wal-Mart Stores	9,717	$1.32M	0.6%	$24.29	+78.3%	COM	931142103
—	Match Group	9,496	$1.305M	0.6%	$110.68	—	COM	57665r106
UNH	United Health Group	3,440	$1.28M	0.6%	$136.34	+134.5%	COM	91324P102
NVDA	Nvidia Corp.	2,325	$1.241M	0.6%	$5.96	+125.0%	COM	67066G104
EMR	Emerson Electric	13,704	$1.236M	0.6%	$48.20	+61.4%	COM	291011104
MAA	Mid America Apartment Communit	8,469	$1.223M	0.6%	$79.97	+44.0%	COM	59522J103
—	General Electric	92,570	$1.215M	0.6%	$27.51	—	COM	369604103
LEA	Lear Corp.	6,700	$1.214M	0.6%	$95.05	+58.6%	COM	521865204
DOV	Dover Corp.	8,818	$1.209M	0.6%	$71.46	+67.4%	COM	260003108
BDX	Becton Dickinson	4,799	$1.167M	0.6%	$200.64	+12.5%	COM	075887109
—	3M	5,896	$1.136M	0.5%	$142.94	—	COM	88579y101
DOW	Dow	17,754	$1.135M	0.5%	$36.37	+26.0%	COM	260557103
DLB	Dolby Class A	11,090	$1.095M	0.5%	$47.41	+87.1%	COM	25659T107
—	Store Cap Corp	32,250	$1.08M	0.5%	$25.69	—	COM	862121100
CMS	CMS Energy	15,368	$941K	0.5%	$36.62	+35.3%	COM	125896100
—	National Health Investors	13,000	$940K	0.5%	$78.56	—	COM	63633d104
CTSH	Cognizant Technology Solutions	12,000	$937K	0.5%	$67.32	+6.4%	COM	192446102
INTU	Intuit	2,300	$881K	0.4%	$249.70	+49.7%	COM	461202103
QCOM	Qualcomm	6,581	$873K	0.4%	$59.93	+116.4%	COM	747525103
HUBB	Hubbell	4,520	$845K	0.4%	$123.52	+29.1%	COM	443510607
HII	Huntington Ingalls Ind.	4,005	$824K	0.4%	$182.05	-12.0%	COM	446413106
UPS	United Parcel Service 'B'	4,820	$819K	0.4%	$77.51	+70.3%	COM	911312106
JKHY	Jack Henry & Assoc.	5,350	$812K	0.4%	$139.26	+3.1%	COM	426281101
AWK	American Water Works	5,405	$810K	0.4%	$70.71	+94.7%	COM	030420103
LOW	Lowes	4,206	$800K	0.4%	$147.34	+6.5%	COM	548661107
AMN	AMN Healthcare Svcs.	10,500	$774K	0.4%	$62.88	+18.2%	COM	001744101
—	Truist Financial	13,199	$770K	0.4%	$56.30	—	COM	89832q109
NSC	Norfolk Southern	2,619	$703K	0.3%	$65.71	+248.3%	COM	655844108
URI	United Rentals	2,100	$692K	0.3%	$137.74	+99.1%	COM	911363109
UHS	Universal Health Svcs	5,145	$686K	0.3%	$118.69	+8.9%	COM	913903100
MAS	Masco Corp.	11,279	$676K	0.3%	$33.43	+53.0%	COM	574599106
—	American Tower Corp.	2,802	$670K	0.3%	$233.03	—	COM	998311450
CVS	CVS/Caremark	8,705	$655K	0.3%	$45.81	+36.0%	COM	126650100
—	Corteva	13,244	$618K	0.3%	$29.60	—	COM	22052l104
—	Terreno Realty Corp.	10,350	$598K	0.3%	$54.20	—	COM	88146m101
WLK	Westlake Chemical Corp.	6,711	$596K	0.3%	$66.78	+20.3%	COM	960413102
ORI	Old Republic	27,000	$590K	0.3%	$12.05	+12.7%	COM	680223104
—	FedEx	2,060	$585K	0.3%	$267.34	—	COM	31428x106
GS	Goldman Sachs	1,770	$579K	0.3%	$227.25	+21.8%	COM	38141G104
KR	Kroger	15,500	$558K	0.3%	$25.42	+21.2%	COM	501044101
AMP	Ameriprise Financial	2,400	$558K	0.3%	$78.85	+154.7%	COM	03076C106
—	Cisco Systems	10,738	$555K	0.3%	$25.62	—	COM	17275R952
—	Flir Systems	9,346	$528K	0.3%	$39.65	—	COM	302445101
—	First American Financial	9,150	$518K	0.3%	$50.94	—	COM	31847r102
—	Wyndham Hotels & Resorts	7,408	$517K	0.2%	$58.82	—	COM	98311a105
BK	Bank of New York Mellon	10,560	$499K	0.2%	$24.30	+57.6%	COM	064058100
TGT	Target	2,300	$456K	0.2%	$103.84	+57.2%	COM	87612E106
EIX	Edison International	7,506	$440K	0.2%	$54.64	-13.8%	COM	281020107
KMB	Kimberly Clark	3,042	$423K	0.2%	$67.99	+63.1%	COM	494368103
YUM	Yum! Brands	3,537	$383K	0.2%	$40.89	+136.4%	COM	988498101
FIS	Fidelity National Info.	2,666	$375K	0.2%	$40.05	+205.4%	COM	31620M106
—	Cigna	1,545	$373K	0.2%	$189.89	—	COM	125509109
DLR	Digital Realty Trust	2,605	$367K	0.2%	$91.19	+27.7%	COM	253868103
KO	Coca-Cola	6,900	$364K	0.2%	$27.54	+57.5%	COM	191216100
POST	Post Holdings	3,430	$363K	0.2%	$60.24	+8.8%	COM	737446104
—	AT&T	11,903	$360K	0.2%	$34.62	—	COM	030177109
EFX	Equifax	1,971	$357K	0.2%	$77.84	+119.2%	COM	294429105
—	Discover Financial Services	3,450	$328K	0.2%	$90.43	—	COM	254709108
KWR	Quaker Chemical	1,250	$305K	0.1%	$156.97	+70.1%	COM	747316107
BAC	Bank America	7,571	$293K	0.1%	$23.66	+29.5%	COM	060505104
—	Allete	4,300	$289K	0.1%	$87.33	—	COM	018522300
MCO	Moody's Corp.	946	$282K	0.1%	$154.93	+74.5%	COM	615369105
PKG	Packaging Corp.	1,895	$255K	0.1%	$86.90	+35.4%	COM	695156109
—	Anheuser-Busch	3,878	$244K	0.1%	$62.92	—	COM	03524a108
PAYX	Paychex	2,375	$233K	0.1%	$76.93	+4.5%	COM	704326107
MDLZ	Mondelez	3,971	$232K	0.1%	$44.56	+11.7%	COM	609207105
ITW	Illinois Tool Works	1,044	$231K	0.1%	$167.30	+10.6%	COM	452308109
SLB	Schlumberger	8,465	$230K	0.1%	$23.71	0.0%	COM	806857108
—	Alphabet Class A	110	$227K	0.1%	$1417.81	—	COM	02079k305
—	Viatris	16,078	$225K	0.1%	$18.73	—	COM	92556v106
LLY	Eli Lilly	1,200	$224K	0.1%	$186.06	0.0%	COM	532457108
HON	Honeywell	1,000	$217K	0.1%	$163.73	+7.9%	COM	438516106
CAT	Caterpillar	908	$211K	0.1%	$126.81	+49.1%	COM	149123101
—	Yum China Holdings	3,537	$209K	0.1%	$57.11	—	COM	98850p109
—	Jacobs Engineering	1,605	$207K	0.1%	$128.97	—	COM	469814107
—	Prologis	1,951	$207K	0.1%	$106.10	—	COM	888192887
TRV	Travelers	1,335	$201K	0.1%	$133.15	0.0%	COM	89417E109