Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	97,681	$15.21M	7.2%	$65.75	+133.1%	COM	478160104
—	JPMorgan Chase	70,756	$10.26M	4.9%	$58.86	—	COM	46625h100
AAPL	Apple	41,041	$7.027M	3.3%	$85.03	+113.2%	COM	037833100
—	Hoya Capital Housing	184,942	$6.578M	3.1%	$30.25	—	COM	26922a230
XOM	Exxon Mobil	54,260	$6.38M	3.0%	$55.85	+80.9%	COM	30231G102
MSFT	Microsoft	19,463	$6.145M	2.9%	$88.98	+264.8%	COM	594918104
PG	Procter & Gamble	36,082	$5.263M	2.5%	$58.01	+148.4%	COM	742718109
ABBV	Abbvie	34,302	$5.113M	2.4%	$34.16	+296.2%	COM	00287Y109
NSRGY	Nestle ADR	42,057	$4.769M	2.3%	$78.92	—	COM	641069406
PEP	PepsiCo	26,214	$4.442M	2.1%	$62.01	+169.6%	COM	713448108
PFE	Pfizer	129,080	$4.282M	2.0%	$17.65	+73.2%	COM	717081103
BMY	Bristol-Myers Squibb	72,396	$4.202M	2.0%	$38.39	+41.6%	COM	110122108
—	Merck	32,958	$3.393M	1.6%	$50.04	—	COM	58933y105
—	Alphabet Class C	24,830	$3.274M	1.6%	$140.50	—	COM	02079k107
CVX	Chevron	18,808	$3.171M	1.5%	$76.24	+91.2%	COM	166764100
HD	Home Depot	10,235	$3.093M	1.5%	$84.52	+258.5%	COM	437076102
ABT	Abbott Laboratories	30,756	$2.979M	1.4%	$33.91	+196.2%	COM	002824100
SPGI	S&P Global	7,777	$2.842M	1.4%	$126.49	+205.1%	COM	78409V104
IBM	International Business Machine	19,982	$2.803M	1.3%	$107.16	+23.0%	COM	459200101
PWR	Quanta Services	14,592	$2.73M	1.3%	$34.50	+479.4%	COM	74762E102
AMAT	Applied Materials	19,242	$2.664M	1.3%	$52.94	+165.2%	COM	038222105
NVDA	Nvidia Corp.	6,080	$2.645M	1.3%	$16.92	+164.7%	COM	67066G104
AMZN	Amazon	20,766	$2.64M	1.3%	$120.38	+11.3%	COM	023135106
RS	Reliance Steel & Aluminum	9,781	$2.565M	1.2%	$77.77	+256.5%	COM	759509102
SCHW	Schwab, Charles	44,687	$2.453M	1.2%	$41.64	+40.4%	COM	808513105
DOV	Dover Corp.	17,056	$2.379M	1.1%	$106.22	+32.1%	COM	260003108
CLX	Clorox	18,096	$2.372M	1.1%	$63.81	+119.3%	COM	189054109
HUM	Humana	4,869	$2.369M	1.1%	$312.13	+46.3%	COM	444859102
WM	Waste Management	15,483	$2.36M	1.1%	$47.68	+227.2%	COM	94106L109
AXP	American Express	15,566	$2.322M	1.1%	$77.15	+105.9%	COM	025816109
DHI	D R Horton	21,525	$2.313M	1.1%	$63.56	+84.1%	COM	23331A109
SNPS	Synopsys	4,960	$2.276M	1.1%	$78.29	+471.6%	COM	871607107
INTC	Intel	63,922	$2.272M	1.1%	$20.38	+67.9%	COM	458140100
ICLR	Icon PLC	9,101	$2.241M	1.1%	$136.54	+84.6%	COM	G4705A100
URI	United Rentals	4,932	$2.193M	1.0%	$253.72	+76.4%	COM	911363109
DIS	Disney	26,613	$2.157M	1.0%	$73.22	+14.0%	COM	254687106
WMT	Wal-Mart Stores	12,839	$2.053M	1.0%	$29.69	+74.5%	COM	931142103
MCD	McDonald's Corp.	7,706	$2.03M	1.0%	$70.01	+285.0%	COM	580135101
—	Zoetis	10,950	$1.905M	0.9%	$74.17	—	COM	98978v103
DIOD	Diodes	24,035	$1.895M	0.9%	$33.05	+154.3%	COM	254543101
—	VMware	11,015	$1.834M	0.9%	$115.84	—	COM	928563402
UNH	United Health Group	3,442	$1.735M	0.8%	$143.11	+228.4%	COM	91324P102
DD	Du Pont (E.I) de Nemours	23,166	$1.728M	0.8%	$27.18	+10.0%	COM	26614N102
—	Dell	25,000	$1.722M	0.8%	$55.08	—	COM	24703l103
KR	Kroger	36,111	$1.616M	0.8%	$35.36	+26.2%	COM	501044101
BDX	Becton Dickinson	6,239	$1.613M	0.8%	$207.65	+24.4%	COM	075887109
—	Laboratory Corp. of America	7,699	$1.548M	0.7%	$209.89	—	COM	50540r409
HUBB	Hubbell	4,890	$1.533M	0.7%	$127.93	+141.1%	COM	443510607
AMGN	Amgen	5,662	$1.522M	0.7%	$97.44	+137.9%	COM	031162100
ROK	Rockwell Automation	4,975	$1.422M	0.7%	$144.03	+106.0%	COM	773903109
EMR	Emerson Electric	14,676	$1.417M	0.7%	$53.07	+71.8%	COM	291011104
HII	Huntington Ingalls Ind.	6,772	$1.385M	0.7%	$185.74	+12.7%	COM	446413106
MKC	McCormick	18,266	$1.382M	0.7%	$56.09	+40.2%	COM	579780206
NDAQ	Nasdaq	27,015	$1.313M	0.6%	$45.80	+7.0%	COM	631103108
LOW	Lowes	5,983	$1.244M	0.6%	$158.94	+35.2%	COM	548661107
NEM	Newmont Mining Corp.	32,616	$1.205M	0.6%	$35.47	+8.1%	COM	651639106
HBAN	Huntington Bancshares	105,977	$1.102M	0.5%	$13.04	-22.6%	COM	446150104
UNP	Union Pacific	5,410	$1.102M	0.5%	$105.33	+95.7%	COM	907818108
CVS	CVS/Caremark	15,325	$1.07M	0.5%	$59.29	+8.9%	COM	126650100
MAA	Mid America Apartment Communit	7,831	$1.007M	0.5%	$79.97	+64.3%	COM	59522J103
—	Truist Financial	34,569	$989K	0.5%	$52.59	—	COM	89832q109
—	Verizon Communications	30,454	$987K	0.5%	$52.01	—	COM	92343v104
—	Teledyne Technologies	2,396	$979K	0.5%	$411.44	—	COM	879360106
GE	General Electric	8,587	$949K	0.5%	$58.52	+51.5%	COM	369604301
INTU	Intuit	1,809	$924K	0.4%	$249.70	+99.8%	COM	461202103
J	Jacobs Solutions	6,735	$919K	0.4%	$100.14	+5.4%	COM	46982L108
LEA	Lear Corp.	6,700	$899K	0.4%	$95.05	+42.4%	COM	521865204
AMN	AMN Healthcare Svcs.	10,500	$894K	0.4%	$62.88	+50.8%	COM	001744101
DLB	Dolby Class A	11,090	$879K	0.4%	$47.41	+69.2%	COM	25659T107
GS	Goldman Sachs	2,598	$841K	0.4%	$256.19	+23.1%	COM	38141G104
WLK	Westlake Chemical Corp.	6,711	$837K	0.4%	$66.78	+83.3%	COM	960413102
QCOM	Qualcomm	7,435	$826K	0.4%	$71.08	+54.8%	COM	747525103
CMS	CMS Energy	15,368	$816K	0.4%	$36.62	+46.7%	COM	125896100
VAC	Marriott Vacations Worldwide	7,988	$804K	0.4%	$116.83	-2.4%	COM	57164Y107
AMP	Ameriprise Financial	2,400	$791K	0.4%	$78.85	+319.2%	COM	03076C106
DOW	Dow	15,283	$788K	0.4%	$36.37	+27.3%	COM	260557103
—	Zimmer Biomet	6,707	$753K	0.4%	$117.03	—	COM	98956p102
UPS	United Parcel Service 'B'	4,780	$745K	0.4%	$78.39	+93.5%	COM	911312106
ORI	Old Republic	27,000	$727K	0.3%	$12.05	+85.3%	COM	680223104
LLY	Eli Lilly	1,330	$714K	0.3%	$201.68	+151.3%	COM	532457108
AWK	American Water Works	5,405	$669K	0.3%	$70.71	+87.8%	COM	030420103
—	Corteva	12,737	$652K	0.3%	$29.60	—	COM	22052l104
MAS	Masco Corp.	11,279	$603K	0.3%	$33.43	+65.4%	COM	574599106
—	Terreno Realty Corp.	10,350	$588K	0.3%	$54.20	—	COM	88146m101
—	Kite Realty Group	26,250	$562K	0.3%	$20.92	—	COM	49803t300
—	Hoya Capital High Dividend Yie	56,754	$557K	0.3%	$12.01	—	COM	26922b840
BK	Bank of New York Mellon	13,020	$555K	0.3%	$27.89	+50.0%	COM	064058100
—	3M	5,896	$552K	0.3%	$142.94	—	COM	88579y101
—	FedEx	2,029	$538K	0.3%	$261.69	—	COM	31428x106
—	Cisco Systems	9,960	$535K	0.3%	$25.62	—	COM	17275R952
SLB	Schlumberger	8,941	$521K	0.2%	$27.94	+94.8%	COM	806857108
—	Wyndham Hotels & Resorts	7,408	$515K	0.2%	$58.82	—	COM	98311a105
KO	Coca-Cola	8,682	$486K	0.2%	$33.16	+68.0%	COM	191216100
—	Anheuser-Busch	7,928	$438K	0.2%	$61.61	—	COM	03524a108
YUM	Yum! Brands	3,145	$393K	0.2%	$40.89	+207.0%	COM	988498101
SUI	Sun Communities	3,220	$381K	0.2%	$140.88	—	COM	866674104
—	Cigna	1,282	$367K	0.2%	$189.89	—	COM	125509109
NSC	Norfolk Southern	1,838	$362K	0.2%	$65.71	+212.0%	COM	655844108
KMB	Kimberly Clark	2,563	$310K	0.1%	$67.99	+73.2%	COM	494368103
—	Alphabet Class A	2,360	$309K	0.1%	$157.00	—	COM	02079k305
—	Discover Financial Services	3,520	$305K	0.1%	$91.08	—	COM	254709108
MCO	Moody's Corp.	946	$299K	0.1%	$154.93	+115.5%	COM	615369105
BA	Boeing	1,500	$288K	0.1%	$207.75	+5.3%	COM	097023105
—	Apollo Global Mgmt. LLC	3,192	$287K	0.1%	$63.91	—	COM	037612306
PKG	Packaging Corp.	1,835	$282K	0.1%	$86.90	+57.4%	COM	695156109
MDLZ	Mondelez	3,971	$276K	0.1%	$44.56	+50.8%	COM	609207105
PAYX	Paychex	2,375	$274K	0.1%	$76.93	+45.8%	COM	704326107
TGT	Target	2,437	$269K	0.1%	$110.04	+5.8%	COM	87612E106
EFX	Equifax	1,413	$259K	0.1%	$77.84	+157.9%	COM	294429105
—	Match Group	6,496	$254K	0.1%	$110.68	—	COM	57665r106
CAT	Caterpillar	908	$248K	0.1%	$206.59	+26.6%	COM	149123101
—	First American Financial	4,275	$241K	0.1%	$56.35	—	COM	31847r102
DLR	Digital Realty Trust	1,950	$236K	0.1%	$90.52	+25.5%	COM	253868103
—	Blackstone Group	1,993	$214K	0.1%	$107.14	—	COM	09253u108
—	Fortrea Holdings	7,439	$213K	0.1%	$28.59	—	COM	34965k107
BAC	Bank America	7,571	$207K	0.1%	$23.66	+17.6%	COM	060505104
IWR	Ishares Russell Midcap Index	2,900	$201K	0.1%	$69.92	—	COM	464287499
KWR	Quaker Houghton	1,250	$200K	0.1%	$168.18	+6.1%	COM	747316107
—	AT&T	10,980	$165K	0.1%	$34.02	—	COM	030177109
—	Viatris	11,520	$114K	0.1%	$18.73	—	COM	92556v106
—	Aecon Group	10,000	$83,400	0.0%	$9.31	—	COM	00762v109