Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	98,463	$17.48M	8.7%	$65.75	+143.2%	COM	478160104
—	JPMorgan Chase	74,004	$8.333M	4.1%	$58.86	—	COM	46625h100
PFE	Pfizer	133,115	$6.979M	3.5%	$17.65	+137.9%	COM	717081103
AAPL	Apple	43,910	$6.003M	3.0%	$85.03	+74.8%	COM	037833100
—	Hoya Capital Housing	186,727	$5.958M	3.0%	$30.25	—	COM	26922a230
BMY	Bristol-Myers Squibb	75,366	$5.803M	2.9%	$38.12	+70.4%	COM	110122108
PG	Procter & Gamble	38,848	$5.586M	2.8%	$58.01	+136.7%	COM	742718109
ABBV	Abbvie	34,437	$5.274M	2.6%	$34.16	+292.6%	COM	00287Y109
NSRGY	Nestle ADR	42,654	$4.965M	2.5%	$78.92	—	COM	641069406
MSFT	Microsoft	18,691	$4.801M	2.4%	$79.97	+229.4%	COM	594918104
XOM	Exxon Mobil	55,161	$4.724M	2.3%	$55.85	+42.5%	COM	30231G102
PEP	PepsiCo	25,493	$4.249M	2.1%	$57.75	+159.4%	COM	713448108
ABT	Abbott Laboratories	30,456	$3.309M	1.6%	$33.91	+212.9%	COM	002824100
—	Merck	35,932	$3.276M	1.6%	$50.04	—	COM	58933y105
—	Alphabet Class C	1,328	$2.905M	1.4%	$979.11	—	COM	02079k107
HD	Home Depot	10,235	$2.807M	1.4%	$84.52	+218.3%	COM	437076102
SPGI	S&P Global	8,169	$2.753M	1.4%	$126.49	+173.2%	COM	78409V104
SCHW	Schwab, Charles	43,152	$2.726M	1.4%	$40.92	+60.1%	COM	808513105
CVX	Chevron	18,234	$2.64M	1.3%	$71.37	+100.0%	COM	166764100
PWR	Quanta Services	20,956	$2.627M	1.3%	$34.50	+253.6%	COM	74762E102
DIS	Disney	27,428	$2.589M	1.3%	$73.22	+48.1%	COM	254687106
INTC	Intel	68,572	$2.565M	1.3%	$20.38	+99.3%	COM	458140100
WM	Waste Management	16,683	$2.552M	1.3%	$47.68	+210.2%	COM	94106L109
CLX	Clorox	18,096	$2.551M	1.3%	$63.81	+98.4%	COM	189054109
IBM	International Business Machine	17,431	$2.461M	1.2%	$105.08	+11.8%	COM	459200101
HUM	Humana	4,624	$2.164M	1.1%	$303.63	+41.2%	COM	444859102
DOV	Dover Corp.	17,310	$2.1M	1.0%	$106.22	+21.5%	COM	260003108
AXP	American Express	14,836	$2.057M	1.0%	$73.59	+114.1%	COM	025816109
ICLR	Icon PLC	9,101	$1.972M	1.0%	$136.54	+64.2%	COM	G4705A100
AMZN	Amazon	18,090	$1.922M	1.0%	$123.53	+1.3%	COM	023135106
MCD	McDonald's Corp.	7,706	$1.902M	0.9%	$70.01	+223.3%	COM	580135101
—	Zoetis	10,950	$1.882M	0.9%	$74.17	—	COM	98978v103
NEM	Newmont Mining Corp.	30,611	$1.827M	0.9%	$34.92	+81.2%	COM	651639106
UNH	United Health Group	3,511	$1.803M	0.9%	$143.11	+229.2%	COM	91324P102
AMAT	Applied Materials	19,242	$1.751M	0.9%	$52.94	+100.4%	COM	038222105
RS	Reliance Steel & Aluminum	9,781	$1.661M	0.8%	$77.77	+140.2%	COM	759509102
—	Laboratory Corp. of America	7,079	$1.659M	0.8%	$209.23	—	COM	50540r409
—	Verizon Communications	31,982	$1.623M	0.8%	$52.01	—	COM	92343v104
—	Zimmer Biomet	15,364	$1.614M	0.8%	$117.03	—	COM	98956p102
DIOD	Diodes	24,035	$1.552M	0.8%	$33.05	+120.6%	COM	254543101
MKC	McCormick	18,266	$1.521M	0.8%	$56.09	+55.3%	COM	579780206
SNPS	Synopsys	4,960	$1.506M	0.7%	$78.29	+285.3%	COM	871607107
WMT	Wal-Mart Stores	12,314	$1.497M	0.7%	$28.56	+54.2%	COM	931142103
UNP	Union Pacific	6,841	$1.459M	0.7%	$104.08	+100.6%	COM	907818108
DHI	D R Horton	21,525	$1.425M	0.7%	$63.56	+6.6%	COM	23331A109
HII	Huntington Ingalls Ind.	6,527	$1.422M	0.7%	$184.72	+5.5%	COM	446413106
—	Jacobs Engineering	11,055	$1.405M	0.7%	$133.56	—	COM	469814107
—	American Tower Corp.	5,440	$1.39M	0.7%	$249.38	—	COM	998311450
NDAQ	Nasdaq	9,005	$1.374M	0.7%	$25.30	+98.6%	COM	631103108
AMGN	Amgen	5,632	$1.37M	0.7%	$97.44	+124.3%	COM	031162100
CVS	CVS/Caremark	14,770	$1.369M	0.7%	$57.14	+50.3%	COM	126650100
MAA	Mid America Apartment Communit	7,831	$1.368M	0.7%	$79.97	+102.5%	COM	59522J103
—	Truist Financial	27,439	$1.301M	0.6%	$57.24	—	COM	89832q109
HBAN	Huntington Bancshares	107,595	$1.294M	0.6%	$13.04	-14.1%	COM	446150104
—	VMware	11,015	$1.255M	0.6%	$115.84	—	COM	928563402
BDX	Becton Dickinson	4,859	$1.198M	0.6%	$200.90	+18.7%	COM	075887109
—	Dell	25,000	$1.155M	0.6%	$55.08	—	COM	24703l103
AMN	AMN Healthcare Svcs.	10,500	$1.152M	0.6%	$62.88	+57.4%	COM	001744101
EMR	Emerson Electric	14,444	$1.149M	0.6%	$49.84	+64.3%	COM	291011104
DD	Du Pont (E.I) de Nemours	18,705	$1.04M	0.5%	$27.24	-7.0%	COM	26614N102
CMS	CMS Energy	15,368	$1.037M	0.5%	$36.62	+68.3%	COM	125896100
QCOM	Qualcomm	7,775	$993K	0.5%	$71.08	+75.7%	COM	747525103
ROK	Rockwell Automation	4,975	$992K	0.5%	$144.03	+47.1%	COM	773903109
LOW	Lowes	5,366	$937K	0.5%	$154.80	+16.0%	COM	548661107
VAC	Marriott Vacations Worldwide	7,988	$928K	0.5%	$116.83	+20.4%	COM	57164Y107
—	First American Financial	17,425	$922K	0.5%	$56.35	—	COM	31847r102
DOW	Dow	17,355	$896K	0.4%	$36.37	+42.4%	COM	260557103
NVDA	Nvidia Corp.	5,860	$888K	0.4%	$15.87	+18.7%	COM	67066G104
UPS	United Parcel Service 'B'	4,840	$883K	0.4%	$78.39	+95.6%	COM	911312106
HUBB	Hubbell	4,890	$873K	0.4%	$127.93	+39.5%	COM	443510607
LEA	Lear Corp.	6,700	$843K	0.4%	$95.05	+26.2%	COM	521865204
AWK	American Water Works	5,405	$804K	0.4%	$70.71	+99.4%	COM	030420103
—	Store Cap Corp	30,590	$798K	0.4%	$25.69	—	COM	862121100
DLB	Dolby Class A	11,090	$794K	0.4%	$47.41	+50.1%	COM	25659T107
—	3M	5,896	$763K	0.4%	$142.94	—	COM	88579y101
—	Invitation Homes	21,400	$761K	0.4%	$38.32	—	COM	46187w107
KR	Kroger	15,500	$734K	0.4%	$25.42	+93.6%	COM	501044101
—	FedEx	3,159	$716K	0.4%	$261.69	—	COM	31428x106
GE	General Electric	10,996	$700K	0.3%	$58.52	-18.7%	COM	369604301
INTU	Intuit	1,809	$697K	0.3%	$249.70	+62.0%	COM	461202103
—	Corteva	12,737	$690K	0.3%	$29.60	—	COM	22052l104
WLK	Westlake Chemical Corp.	6,711	$658K	0.3%	$66.78	+72.2%	COM	960413102
ORI	Old Republic	27,000	$604K	0.3%	$12.05	+44.9%	COM	680223104
GS	Goldman Sachs	2,005	$596K	0.3%	$237.09	+19.6%	COM	38141G104
—	Terreno Realty Corp.	10,350	$577K	0.3%	$54.20	—	COM	88146m101
MAS	Masco Corp.	11,279	$571K	0.3%	$33.43	+47.6%	COM	574599106
AMP	Ameriprise Financial	2,400	$570K	0.3%	$78.85	+222.1%	COM	03076C106
NSC	Norfolk Southern	2,474	$562K	0.3%	$65.71	+244.7%	COM	655844108
URI	United Rentals	2,218	$539K	0.3%	$146.26	+94.8%	COM	911363109
—	Wyndham Hotels & Resorts	7,408	$487K	0.2%	$58.82	—	COM	98311a105
—	Anheuser-Busch	8,463	$457K	0.2%	$61.61	—	COM	03524a108
—	Cisco Systems	10,670	$454K	0.2%	$25.62	—	COM	17275R952
—	Match Group	6,496	$453K	0.2%	$110.68	—	COM	57665r106
BK	Bank of New York Mellon	10,560	$440K	0.2%	$24.30	+64.9%	COM	064058100
KO	Coca-Cola	6,900	$434K	0.2%	$27.54	+106.1%	COM	191216100
LLY	Eli Lilly	1,200	$389K	0.2%	$186.06	+56.3%	COM	532457108
KMB	Kimberly Clark	2,838	$384K	0.2%	$67.99	+68.8%	COM	494368103
YUM	Yum! Brands	3,145	$357K	0.2%	$40.89	+165.1%	COM	988498101
TGT	Target	2,437	$344K	0.2%	$110.04	+54.6%	COM	87612E106
—	Cigna	1,282	$338K	0.2%	$189.89	—	COM	125509109
EFX	Equifax	1,838	$336K	0.2%	$77.84	+150.4%	COM	294429105
—	Discover Financial Services	3,520	$333K	0.2%	$91.08	—	COM	254709108
SLB	Schlumberger	8,348	$299K	0.1%	$23.71	+61.5%	COM	806857108
—	Hoya Capital High Dividend Yie	23,360	$290K	0.1%	$14.74	—	COM	26922b840
PAYX	Paychex	2,375	$270K	0.1%	$76.93	+46.7%	COM	704326107
PKG	Packaging Corp.	1,895	$261K	0.1%	$86.90	+58.9%	COM	695156109
MCO	Moody's Corp.	946	$257K	0.1%	$154.93	+87.2%	COM	615369105
DLR	Digital Realty Trust	1,950	$253K	0.1%	$91.96	+31.6%	COM	253868103
—	Teledyne Technologies	671	$252K	0.1%	$418.78	—	COM	879360106
MDLZ	Mondelez	3,971	$247K	0.1%	$44.56	+28.5%	COM	609207105
—	Alphabet Class A	110	$239K	0.1%	$1417.81	—	COM	02079k305
BAC	Bank America	7,571	$236K	0.1%	$23.66	+38.4%	COM	060505104
FIS	Fidelity National Info.	2,572	$236K	0.1%	$40.05	+126.1%	COM	31620M106
—	AT&T	10,803	$226K	0.1%	$34.62	—	COM	030177109
TRV	Travelers	1,322	$224K	0.1%	$141.77	+14.1%	COM	89417E109
—	Viatris	15,073	$158K	0.1%	$18.73	—	COM	92556v106