Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	97,681	$16.17M	7.3%	$65.75	+126.4%	COM	478160104
—	JPMorgan Chase	70,984	$10.32M	4.7%	$58.86	—	COM	46625h100
AAPL	Apple	42,239	$8.193M	3.7%	$85.03	+102.3%	COM	037833100
—	Hoya Capital Housing	186,942	$7.242M	3.3%	$30.25	—	COM	26922a230
MSFT	Microsoft	19,741	$6.723M	3.0%	$88.98	+245.3%	COM	594918104
XOM	Exxon Mobil	54,260	$5.819M	2.6%	$55.85	+78.4%	COM	30231G102
PG	Procter & Gamble	37,782	$5.733M	2.6%	$58.01	+143.6%	COM	742718109
NSRGY	Nestle ADR	42,057	$5.058M	2.3%	$78.92	—	COM	641069406
PFE	Pfizer	134,075	$4.918M	2.2%	$17.65	+88.2%	COM	717081103
PEP	PepsiCo	26,214	$4.855M	2.2%	$62.01	+175.1%	COM	713448108
BMY	Bristol-Myers Squibb	75,831	$4.849M	2.2%	$38.39	+53.5%	COM	110122108
ABBV	Abbvie	34,632	$4.666M	2.1%	$34.16	+291.5%	COM	00287Y109
—	Merck	35,158	$4.057M	1.8%	$50.04	—	COM	58933y105
ABT	Abbott Laboratories	30,756	$3.353M	1.5%	$33.91	+199.2%	COM	002824100
—	Alphabet Class C	26,470	$3.202M	1.4%	$140.50	—	COM	02079k107
HD	Home Depot	10,235	$3.179M	1.4%	$84.52	+227.0%	COM	437076102
PWR	Quanta Services	16,042	$3.151M	1.4%	$34.50	+404.2%	COM	74762E102
SPGI	S&P Global	7,777	$3.118M	1.4%	$126.49	+182.8%	COM	78409V104
CVX	Chevron	18,808	$2.959M	1.3%	$76.24	+87.9%	COM	166764100
CLX	Clorox	18,096	$2.878M	1.3%	$63.81	+131.3%	COM	189054109
AMAT	Applied Materials	19,242	$2.781M	1.3%	$52.94	+130.9%	COM	038222105
AMZN	Amazon	20,851	$2.718M	1.2%	$120.38	-5.1%	COM	023135106
IBM	International Business Machine	20,180	$2.7M	1.2%	$107.16	+10.2%	COM	459200101
AXP	American Express	15,456	$2.692M	1.2%	$77.15	+102.5%	COM	025816109
WM	Waste Management	15,483	$2.685M	1.2%	$47.68	+232.9%	COM	94106L109
RS	Reliance Steel & Aluminum	9,781	$2.656M	1.2%	$77.77	+218.4%	COM	759509102
DHI	D R Horton	21,525	$2.619M	1.2%	$63.56	+67.8%	COM	23331A109
DOV	Dover Corp.	17,221	$2.543M	1.2%	$106.22	+30.3%	COM	260003108
SCHW	Schwab, Charles	44,547	$2.525M	1.1%	$41.64	+21.2%	COM	808513105
NVDA	Nvidia Corp.	5,860	$2.479M	1.1%	$15.87	+109.0%	COM	67066G104
DIS	Disney	26,778	$2.391M	1.1%	$73.22	+26.4%	COM	254687106
MCD	McDonald's Corp.	7,706	$2.3M	1.0%	$70.01	+290.1%	COM	580135101
ICLR	Icon PLC	9,101	$2.277M	1.0%	$136.54	+55.5%	COM	G4705A100
DIOD	Diodes	24,035	$2.223M	1.0%	$33.05	+166.7%	COM	254543101
SNPS	Synopsys	4,960	$2.16M	1.0%	$78.29	+414.5%	COM	871607107
HUM	Humana	4,804	$2.148M	1.0%	$310.18	+57.4%	COM	444859102
INTC	Intel	63,922	$2.138M	1.0%	$20.38	+50.7%	COM	458140100
URI	United Rentals	4,783	$2.13M	1.0%	$247.68	+45.8%	COM	911363109
WMT	Wal-Mart Stores	13,039	$2.049M	0.9%	$29.69	+64.9%	COM	931142103
—	Zoetis	10,950	$1.886M	0.9%	$74.17	—	COM	98978v103
—	Laboratory Corp. of America	7,439	$1.795M	0.8%	$210.20	—	COM	50540r409
KR	Kroger	35,556	$1.671M	0.8%	$35.21	+27.8%	COM	501044101
DD	Du Pont (E.I) de Nemours	23,313	$1.665M	0.8%	$27.18	-0.0%	COM	26614N102
UNH	United Health Group	3,434	$1.651M	0.7%	$143.11	+224.8%	COM	91324P102
ROK	Rockwell Automation	4,975	$1.639M	0.7%	$144.03	+91.6%	COM	773903109
BDX	Becton Dickinson	6,164	$1.627M	0.7%	$207.03	+16.9%	COM	075887109
HUBB	Hubbell	4,890	$1.621M	0.7%	$127.93	+108.9%	COM	443510607
MKC	McCormick	18,266	$1.593M	0.7%	$56.09	+47.6%	COM	579780206
—	VMware	11,015	$1.583M	0.7%	$115.84	—	COM	928563402
HII	Huntington Ingalls Ind.	6,922	$1.575M	0.7%	$185.74	+5.4%	COM	446413106
NEM	Newmont Mining Corp.	33,291	$1.42M	0.6%	$35.47	+19.5%	COM	651639106
LOW	Lowes	6,061	$1.368M	0.6%	$158.94	+24.4%	COM	548661107
—	Dell	25,000	$1.353M	0.6%	$55.08	—	COM	24703l103
NDAQ	Nasdaq	27,015	$1.347M	0.6%	$45.80	+13.8%	COM	631103108
UNP	Union Pacific	6,490	$1.328M	0.6%	$105.33	+77.5%	COM	907818108
EMR	Emerson Electric	14,526	$1.313M	0.6%	$52.68	+52.0%	COM	291011104
AMGN	Amgen	5,632	$1.25M	0.6%	$97.44	+119.3%	COM	031162100
MAA	Mid America Apartment Communit	7,831	$1.189M	0.5%	$79.97	+69.3%	COM	59522J103
HBAN	Huntington Bancshares	108,357	$1.168M	0.5%	$13.04	-27.4%	COM	446150104
—	Verizon Communications	30,951	$1.151M	0.5%	$52.01	—	COM	92343v104
AMN	AMN Healthcare Svcs.	10,500	$1.146M	0.5%	$62.88	+50.8%	COM	001744101
CVS	CVS/Caremark	15,755	$1.089M	0.5%	$59.29	+8.5%	COM	126650100
—	Zimmer Biomet	7,357	$1.071M	0.5%	$117.03	—	COM	98956p102
—	Truist Financial	35,069	$1.064M	0.5%	$52.59	—	COM	89832q109
VAC	Marriott Vacations Worldwide	7,988	$980K	0.4%	$116.83	+10.7%	COM	57164Y107
LEA	Lear Corp.	6,700	$962K	0.4%	$95.05	+29.2%	COM	521865204
GE	General Electric	8,587	$943K	0.4%	$58.52	+36.4%	COM	369604301
DLB	Dolby Class A	11,090	$928K	0.4%	$47.41	+68.1%	COM	25659T107
QCOM	Qualcomm	7,701	$917K	0.4%	$71.08	+52.4%	COM	747525103
CMS	CMS Energy	15,368	$903K	0.4%	$36.62	+51.6%	COM	125896100
UPS	United Parcel Service 'B'	4,780	$857K	0.4%	$78.39	+97.2%	COM	911312106
DOW	Dow	16,031	$854K	0.4%	$36.37	+24.4%	COM	260557103
INTU	Intuit	1,809	$829K	0.4%	$249.70	+72.6%	COM	461202103
J	Jacobs Solutions	6,950	$826K	0.4%	$100.14	-7.0%	COM	46982L108
WLK	Westlake Chemical Corp.	6,711	$802K	0.4%	$66.78	+62.9%	COM	960413102
AMP	Ameriprise Financial	2,400	$797K	0.4%	$78.85	+276.0%	COM	03076C106
AWK	American Water Works	5,405	$772K	0.3%	$70.71	+95.7%	COM	030420103
—	FedEx	3,009	$746K	0.3%	$261.69	—	COM	31428x106
—	Corteva	12,737	$730K	0.3%	$29.60	—	COM	22052l104
ORI	Old Republic	27,000	$680K	0.3%	$12.05	+70.3%	COM	680223104
GS	Goldman Sachs	2,075	$669K	0.3%	$241.27	+27.6%	COM	38141G104
MAS	Masco Corp.	11,279	$647K	0.3%	$33.43	+49.3%	COM	574599106
LLY	Eli Lilly	1,330	$624K	0.3%	$201.68	+104.0%	COM	532457108
—	Terreno Realty Corp.	10,350	$622K	0.3%	$54.20	—	COM	88146m101
—	3M	5,896	$590K	0.3%	$142.94	—	COM	88579y101
—	Kite Realty Group	26,250	$586K	0.3%	$20.92	—	COM	49803t300
BK	Bank of New York Mellon	13,020	$580K	0.3%	$27.89	+43.1%	COM	064058100
KO	Coca-Cola	8,682	$523K	0.2%	$33.16	+73.0%	COM	191216100
—	Cisco Systems	9,960	$515K	0.2%	$25.62	—	COM	17275R952
—	Wyndham Hotels & Resorts	7,408	$508K	0.2%	$58.82	—	COM	98311a105
—	Anheuser-Busch	8,463	$480K	0.2%	$61.61	—	COM	03524a108
SLB	Schlumberger	9,224	$453K	0.2%	$27.94	+59.3%	COM	806857108
YUM	Yum! Brands	3,145	$436K	0.2%	$40.89	+215.0%	COM	988498101
SUI	Sun Communities	3,220	$420K	0.2%	$140.88	—	COM	866674104
NSC	Norfolk Southern	1,838	$417K	0.2%	$65.71	+204.8%	COM	655844108
—	Hoya Capital High Dividend Yie	39,669	$415K	0.2%	$12.96	—	COM	26922b840
—	Discover Financial Services	3,520	$411K	0.2%	$91.08	—	COM	254709108
—	Cigna	1,282	$360K	0.2%	$189.89	—	COM	125509109
KMB	Kimberly Clark	2,563	$354K	0.2%	$67.99	+85.0%	COM	494368103
EFX	Equifax	1,413	$332K	0.2%	$77.84	+165.4%	COM	294429105
MCO	Moody's Corp.	946	$329K	0.1%	$154.93	+100.3%	COM	615369105
TGT	Target	2,437	$321K	0.1%	$110.04	+22.7%	COM	87612E106
BA	Boeing	1,500	$317K	0.1%	$207.75	-0.0%	COM	097023105
MDLZ	Mondelez	3,971	$290K	0.1%	$44.56	+53.8%	COM	609207105
—	Alphabet Class A	2,360	$282K	0.1%	$157.00	—	COM	02079k305
—	Teledyne Technologies	671	$276K	0.1%	$418.78	—	COM	879360106
—	Match Group	6,496	$272K	0.1%	$110.68	—	COM	57665r106
—	Raytheon Technologies	2,739	$268K	0.1%	$100.93	—	COM	75513e101
PAYX	Paychex	2,375	$266K	0.1%	$76.93	+31.3%	COM	704326107
—	Apollo Global Mgmt. LLC	3,192	$245K	0.1%	$63.91	—	COM	037612306
—	First American Financial	4,275	$244K	0.1%	$56.35	—	COM	31847r102
KWR	Quaker Houghton	1,250	$244K	0.1%	$168.18	+16.3%	COM	747316107
PKG	Packaging Corp.	1,835	$243K	0.1%	$86.90	+42.8%	COM	695156109
TRV	Travelers	1,322	$230K	0.1%	$141.77	+18.3%	COM	89417E109
CAT	Caterpillar	908	$223K	0.1%	$206.59	+3.5%	COM	149123101
—	GE Healthcare	2,748	$223K	0.1%	$82.03	—	COM	36266g107
DLR	Digital Realty Trust	1,950	$222K	0.1%	$90.52	0.0%	COM	253868103
BAC	Bank America	7,571	$217K	0.1%	$23.66	+12.5%	COM	060505104
IWR	Ishares Russell Midcap Index	2,900	$212K	0.1%	$69.92	—	COM	464287499
—	AT&T	10,980	$175K	0.1%	$34.02	—	COM	030177109
—	Viatris	15,073	$150K	0.1%	$18.73	—	COM	92556v106
—	Aecon Group	10,000	$93,100	0.0%	$9.31	—	COM	00762v109