Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	102,144	$16.83M	7.9%	$65.75	+120.4%	COM	478160104
—	JPMorgan Chase	74,492	$11.59M	5.4%	$58.86	—	COM	46625h100
AAPL	Apple	46,433	$6.359M	3.0%	$85.03	+48.7%	COM	037833100
—	Hoya Capital Housing	136,373	$5.48M	2.6%	$26.68	—	COM	26922a230
PG	Procter & Gamble	39,349	$5.309M	2.5%	$58.01	+108.1%	COM	742718109
NSRGY	Nestle ADR	42,222	$5.263M	2.5%	$78.17	—	COM	641069406
PFE	Pfizer	133,532	$5.229M	2.5%	$17.65	+75.6%	COM	717081103
BMY	Bristol-Myers Squibb	74,007	$4.945M	2.3%	$37.88	+42.3%	COM	110122108
DIS	Disney	27,268	$4.793M	2.3%	$71.78	+144.8%	COM	254687106
MSFT	Microsoft	17,558	$4.756M	2.2%	$63.55	+285.1%	COM	594918104
INTC	Intel	76,583	$4.3M	2.0%	$20.38	+162.8%	COM	458140100
PEP	PepsiCo	25,918	$3.841M	1.8%	$57.75	+118.5%	COM	713448108
ABT	Abbott Laboratories	32,905	$3.815M	1.8%	$33.91	+216.4%	COM	002824100
ABBV	Abbvie	33,490	$3.772M	1.8%	$32.29	+193.5%	COM	00287Y109
XOM	Exxon Mobil	55,323	$3.489M	1.6%	$55.85	-10.4%	COM	30231G102
SPGI	S&P Global	8,384	$3.441M	1.6%	$126.49	+192.4%	COM	78409V104
—	Alphabet Class C	1,369	$3.431M	1.6%	$914.94	—	COM	02079k107
HD	Home Depot	10,605	$3.382M	1.6%	$84.52	+235.8%	COM	437076102
CLX	Clorox	18,096	$3.256M	1.5%	$63.81	+146.7%	COM	189054109
AMZN	Amazon	839	$2.886M	1.4%	$87.42	+90.1%	COM	023135106
—	Merck	36,151	$2.811M	1.3%	$50.04	—	COM	58933y105
SCHW	Schwab, Charles	35,036	$2.551M	1.2%	$34.51	+93.0%	COM	808513105
—	Dell	25,000	$2.492M	1.2%	$55.08	—	COM	24703l103
WM	Waste Management	17,571	$2.462M	1.2%	$47.68	+169.6%	COM	94106L109
AXP	American Express	14,681	$2.426M	1.1%	$72.71	+103.4%	COM	025816109
AMAT	Applied Materials	16,912	$2.408M	1.1%	$42.12	+205.8%	COM	038222105
—	Zimmer Biomet	14,294	$2.299M	1.1%	$114.69	—	COM	98956p102
IBM	International Business Machine	15,111	$2.215M	1.0%	$104.00	+9.1%	COM	459200101
—	Zoetis	10,950	$2.041M	1.0%	$74.17	—	COM	98978v103
MKC	McCormick	22,285	$1.968M	0.9%	$56.09	+43.9%	COM	579780206
HUM	Humana	4,405	$1.95M	0.9%	$298.71	+39.9%	COM	444859102
—	Verizon Communications	34,565	$1.937M	0.9%	$52.01	—	COM	92343v104
DHI	D R Horton	21,425	$1.936M	0.9%	$63.56	+41.0%	COM	23331A109
DIOD	Diodes	24,035	$1.917M	0.9%	$33.05	+132.5%	COM	254543101
CVX	Chevron	18,159	$1.902M	0.9%	$71.37	+22.0%	COM	166764100
PWR	Quanta Services	20,956	$1.898M	0.9%	$34.50	+170.0%	COM	74762E102
SNPS	Synopsys	6,852	$1.89M	0.9%	$78.29	+224.2%	COM	871607107
—	Laboratory Corp. of America	6,829	$1.884M	0.9%	$205.38	—	COM	50540r409
NEM	Newmont Mining Corp.	29,047	$1.841M	0.9%	$33.95	+70.6%	COM	651639106
MCD	McDonald's Corp.	7,666	$1.771M	0.8%	$70.01	+199.0%	COM	580135101
DOV	Dover Corp.	11,173	$1.683M	0.8%	$85.71	+62.3%	COM	260003108
ICLR	Icon PLC	7,701	$1.592M	0.7%	$120.60	+78.9%	COM	G4705A100
NDAQ	Nasdaq	9,005	$1.583M	0.7%	$25.30	+104.1%	COM	631103108
NVDA	Nvidia Corp.	1,925	$1.54M	0.7%	$5.96	+168.4%	COM	67066G104
WMT	Wal-Mart Stores	10,732	$1.513M	0.7%	$26.14	+67.6%	COM	931142103
DD	Du Pont (E.I) de Nemours	19,475	$1.508M	0.7%	$27.24	+12.3%	COM	26614N102
RS	Reliance Steel & Aluminum	9,781	$1.476M	0.7%	$77.77	+108.9%	COM	759509102
MAA	Mid America Apartment Communit	8,469	$1.426M	0.7%	$79.97	+69.8%	COM	59522J103
ROK	Rockwell Automation	4,975	$1.423M	0.7%	$144.03	+73.0%	COM	773903109
UNP	Union Pacific	6,275	$1.38M	0.6%	$90.84	+120.6%	COM	907818108
UNH	United Health Group	3,440	$1.378M	0.6%	$136.34	+170.7%	COM	91324P102
AMGN	Amgen	5,607	$1.367M	0.6%	$97.44	+118.1%	COM	031162100
EMR	Emerson Electric	13,704	$1.319M	0.6%	$48.20	+77.4%	COM	291011104
—	Match Group	7,996	$1.289M	0.6%	$110.68	—	COM	57665r106
VAC	Marriott Vacations Worldwide	7,988	$1.272M	0.6%	$116.83	+46.5%	COM	57164Y107
HII	Huntington Ingalls Ind.	5,980	$1.26M	0.6%	$185.25	+3.5%	COM	446413106
—	General Electric	91,726	$1.235M	0.6%	$27.51	—	COM	369604103
BDX	Becton Dickinson	4,859	$1.182M	0.6%	$200.90	+10.6%	COM	075887109
LEA	Lear Corp.	6,700	$1.174M	0.6%	$95.05	+74.4%	COM	521865204
—	3M	5,896	$1.171M	0.6%	$142.94	—	COM	88579y101
INTU	Intuit	2,300	$1.127M	0.5%	$249.70	+68.8%	COM	461202103
DOW	Dow	17,754	$1.123M	0.5%	$36.37	+40.4%	COM	260557103
—	Store Cap Corp	32,250	$1.113M	0.5%	$25.69	—	COM	862121100
DLB	Dolby Class A	11,090	$1.09M	0.5%	$47.41	+93.8%	COM	25659T107
—	First American Financial	17,425	$1.086M	0.5%	$56.35	—	COM	31847r102
AMN	AMN Healthcare Svcs.	10,500	$1.018M	0.5%	$62.88	+38.0%	COM	001744101
UPS	United Parcel Service 'B'	4,790	$996K	0.5%	$77.51	+111.8%	COM	911312106
CVS	CVS/Caremark	11,705	$977K	0.5%	$52.13	+35.2%	COM	126650100
QCOM	Qualcomm	6,581	$941K	0.4%	$59.93	+103.8%	COM	747525103
CMS	CMS Energy	15,368	$908K	0.4%	$36.62	+47.4%	COM	125896100
JKHY	Jack Henry & Assoc.	5,350	$875K	0.4%	$139.26	+8.3%	COM	426281101
—	National Health Investors	13,000	$872K	0.4%	$78.56	—	COM	63633d104
HUBB	Hubbell	4,520	$845K	0.4%	$123.52	+41.7%	COM	443510607
AWK	American Water Works	5,405	$833K	0.4%	$70.71	+100.9%	COM	030420103
CTSH	Cognizant Technology Solutions	12,000	$831K	0.4%	$67.32	+2.9%	COM	192446102
LOW	Lowes	4,206	$816K	0.4%	$147.34	+21.8%	COM	548661107
—	American Tower Corp.	2,857	$772K	0.4%	$233.75	—	COM	998311450
UHS	Universal Health Svcs	5,145	$753K	0.4%	$118.69	+24.3%	COM	913903100
—	Truist Financial	13,199	$733K	0.3%	$56.30	—	COM	89832q109
GS	Goldman Sachs	1,905	$723K	0.3%	$233.78	+36.6%	COM	38141G104
—	FedEx	2,345	$700K	0.3%	$271.13	—	COM	31428x106
NSC	Norfolk Southern	2,594	$688K	0.3%	$65.71	+280.9%	COM	655844108
ORI	Old Republic	27,000	$673K	0.3%	$12.05	+42.7%	COM	680223104
URI	United Rentals	2,100	$670K	0.3%	$137.74	+127.0%	COM	911363109
—	Terreno Realty Corp.	10,350	$668K	0.3%	$54.20	—	COM	88146m101
MAS	Masco Corp.	11,279	$664K	0.3%	$33.43	+69.1%	COM	574599106
WLK	Westlake Chemical Corp.	6,711	$605K	0.3%	$66.78	+35.0%	COM	960413102
AMP	Ameriprise Financial	2,400	$597K	0.3%	$78.85	+198.3%	COM	03076C106
KR	Kroger	15,500	$594K	0.3%	$25.42	+34.2%	COM	501044101
—	Corteva	13,112	$582K	0.3%	$29.60	—	COM	22052l104
—	Cisco Systems	10,738	$569K	0.3%	$25.62	—	COM	17275R952
TGT	Target	2,300	$556K	0.3%	$103.84	+84.4%	COM	87612E106
BK	Bank of New York Mellon	10,560	$541K	0.3%	$24.30	+80.5%	COM	064058100
—	Wyndham Hotels & Resorts	7,408	$536K	0.3%	$58.82	—	COM	98311a105
EFX	Equifax	1,971	$472K	0.2%	$77.84	+177.9%	COM	294429105
EIX	Edison International	7,506	$434K	0.2%	$54.64	-13.7%	COM	281020107
—	Discover Financial Services	3,450	$408K	0.2%	$90.43	—	COM	254709108
KMB	Kimberly Clark	2,992	$400K	0.2%	$67.99	+65.3%	COM	494368103
DLR	Digital Realty Trust	2,605	$392K	0.2%	$91.19	+40.8%	COM	253868103
FIS	Fidelity National Info.	2,666	$378K	0.2%	$40.05	+233.0%	COM	31620M106
KO	Coca-Cola	6,900	$373K	0.2%	$27.54	+71.6%	COM	191216100
POST	Post Holdings	3,430	$372K	0.2%	$60.24	+22.4%	COM	737446104
YUM	Yum! Brands	3,145	$362K	0.2%	$40.89	+164.3%	COM	988498101
MCO	Moody's Corp.	946	$343K	0.2%	$154.93	+106.7%	COM	615369105
—	Cigna	1,402	$332K	0.2%	$189.89	—	COM	125509109
—	AT&T	11,503	$331K	0.2%	$34.62	—	COM	030177109
BAC	Bank America	7,571	$312K	0.1%	$23.66	+54.5%	COM	060505104
—	Allete	4,300	$301K	0.1%	$87.33	—	COM	018522300
KWR	Quaker Chemical	1,250	$296K	0.1%	$156.97	+52.4%	COM	747316107
—	Teledyne Technologies	671	$281K	0.1%	$418.78	—	COM	879360106
—	Anheuser-Busch	3,878	$279K	0.1%	$62.92	—	COM	03524a108
LLY	Eli Lilly	1,200	$275K	0.1%	$186.06	+3.1%	COM	532457108
SLB	Schlumberger	8,465	$271K	0.1%	$23.71	+17.1%	COM	806857108
—	Alphabet Class A	110	$269K	0.1%	$1417.81	—	COM	02079k305
PKG	Packaging Corp.	1,895	$257K	0.1%	$86.90	+43.8%	COM	695156109
PAYX	Paychex	2,375	$255K	0.1%	$76.93	+14.8%	COM	704326107
MDLZ	Mondelez	3,971	$248K	0.1%	$44.56	+22.6%	COM	609207105
—	Prologis	1,951	$233K	0.1%	$106.10	—	COM	888192887
—	Verisign	1,000	$228K	0.1%	$228.00	—	COM	92343e102
—	Viatris	15,911	$228K	0.1%	$18.73	—	COM	92556v106
—	Blackstone Group	2,265	$220K	0.1%	$97.13	—	COM	09253u108
—	Jacobs Engineering	1,605	$214K	0.1%	$128.97	—	COM	469814107
HON	Honeywell	950	$208K	0.1%	$163.73	+17.4%	COM	438516106
—	Yum China Holdings	3,145	$208K	0.1%	$57.11	—	COM	98850p109