Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	91,885	$14.54M	6.2%	$65.75	+128.5%	COM	478160104
—	JPMorgan Chase	62,494	$12.52M	5.3%	$58.86	—	COM	46625h100
MSFT	Microsoft	17,844	$7.507M	3.2%	$88.98	+348.7%	COM	594918104
—	Hoya Capital Housing	162,642	$7.312M	3.1%	$30.25	—	COM	26922a230
AAPL	Apple	36,830	$6.316M	2.7%	$85.03	+112.0%	COM	037833100
ABBV	Abbvie	33,815	$6.158M	2.6%	$34.16	+374.3%	COM	00287Y109
XOM	Exxon Mobil	49,145	$5.713M	2.4%	$55.85	+75.6%	COM	30231G102
PG	Procter & Gamble	32,862	$5.332M	2.3%	$58.01	+158.3%	COM	742718109
NVDA	Nvidia Corp.	5,030	$4.545M	1.9%	$16.92	+328.2%	COM	67066G104
NSRGY	Nestle ADR	41,757	$4.439M	1.9%	$78.92	—	COM	641069406
—	Merck	30,514	$4.026M	1.7%	$50.04	—	COM	58933y105
PEP	PepsiCo	22,160	$3.878M	1.6%	$62.01	+153.6%	COM	713448108
AMAT	Applied Materials	18,767	$3.87M	1.6%	$52.94	+240.7%	COM	038222105
HD	Home Depot	9,898	$3.797M	1.6%	$84.52	+312.4%	COM	437076102
PWR	Quanta Services	14,592	$3.791M	1.6%	$34.50	+539.7%	COM	74762E102
IBM	International Business Machine	19,827	$3.786M	1.6%	$107.16	+61.0%	COM	459200101
BMY	Bristol-Myers Squibb	68,475	$3.713M	1.6%	$38.39	+20.3%	COM	110122108
URI	United Rentals	4,924	$3.551M	1.5%	$253.72	+148.7%	COM	911363109
DHI	D R Horton	21,490	$3.536M	1.5%	$63.56	+131.5%	COM	23331A109
AMZN	Amazon	19,476	$3.513M	1.5%	$120.38	+38.7%	COM	023135106
AXP	American Express	15,366	$3.499M	1.5%	$77.15	+163.0%	COM	025816109
ABT	Abbott Laboratories	30,017	$3.412M	1.4%	$33.91	+226.7%	COM	002824100
PFE	Pfizer	121,664	$3.376M	1.4%	$17.65	+39.7%	COM	717081103
—	Alphabet Class C	21,970	$3.345M	1.4%	$140.50	—	COM	02079k107
WM	Waste Management	15,453	$3.294M	1.4%	$47.68	+300.6%	COM	94106L109
RS	Reliance Steel & Aluminum	9,781	$3.269M	1.4%	$77.77	+291.3%	COM	759509102
SPGI	S&P Global	7,634	$3.248M	1.4%	$126.49	+237.8%	COM	78409V104
SCHW	Schwab, Charles	44,687	$3.233M	1.4%	$41.64	+54.3%	COM	808513105
DIS	Disney	25,493	$3.119M	1.3%	$73.22	+39.8%	COM	254687106
ICLR	Icon PLC	9,101	$3.057M	1.3%	$136.54	+115.9%	COM	G4705A100
DOV	Dover Corp.	17,056	$3.022M	1.3%	$106.22	+48.4%	COM	260003108
—	Dell	25,000	$2.853M	1.2%	$55.08	—	COM	24703l103
SNPS	Synopsys	4,960	$2.835M	1.2%	$78.29	+603.0%	COM	871607107
CLX	Clorox	18,096	$2.771M	1.2%	$63.81	+119.6%	COM	189054109
INTC	Intel	61,565	$2.719M	1.2%	$20.38	+116.1%	COM	458140100
CVX	Chevron	17,229	$2.718M	1.2%	$78.64	+76.8%	COM	166764100
WMT	Wal-Mart Stores	37,017	$2.227M	0.9%	$47.26	+18.6%	COM	931142103
MCD	McDonald's Corp.	7,706	$2.173M	0.9%	$70.01	+297.1%	COM	580135101
—	Broadcom, Inc.	1,637	$2.17M	0.9%	$1116.25	—	COM	11135f101
KR	Kroger	36,111	$2.063M	0.9%	$35.36	+33.8%	COM	501044101
LEA	Lear Corp.	14,219	$2.06M	0.9%	$112.37	+15.2%	COM	521865204
HUBB	Hubbell	4,890	$2.03M	0.9%	$127.93	+176.1%	COM	443510607
HII	Huntington Ingalls Ind.	6,772	$1.974M	0.8%	$185.74	+42.1%	COM	446413106
UNH	United Health Group	3,902	$1.93M	0.8%	$186.51	+162.2%	COM	91324P102
HUM	Humana	5,334	$1.849M	0.8%	$317.14	+16.6%	COM	444859102
—	Laboratory Corp. of America	8,371	$1.829M	0.8%	$210.58	—	COM	50540r409
—	Zoetis	10,550	$1.785M	0.8%	$74.17	—	COM	98978v103
DD	Du Pont (E.I) de Nemours	23,166	$1.776M	0.8%	$27.18	+5.0%	COM	26614N102
NDAQ	Nasdaq	27,015	$1.705M	0.7%	$45.80	+23.1%	COM	631103108
DIOD	Diodes	24,035	$1.694M	0.7%	$33.05	+110.0%	COM	254543101
BDX	Becton Dickinson	6,239	$1.544M	0.7%	$207.65	+11.1%	COM	075887109
LOW	Lowes	5,998	$1.528M	0.6%	$158.94	+39.7%	COM	548661107
AMGN	Amgen	5,349	$1.521M	0.6%	$97.44	+183.3%	COM	031162100
ROK	Rockwell Automation	4,975	$1.449M	0.6%	$144.03	+93.5%	COM	773903109
MKC	McCormick	18,026	$1.385M	0.6%	$56.09	+15.4%	COM	579780206
GE	General Electric	7,783	$1.366M	0.6%	$58.52	+98.9%	COM	369604301
EMR	Emerson Electric	11,833	$1.342M	0.6%	$53.73	+85.0%	COM	291011104
MAA	Mid America Apartment Communit	10,171	$1.338M	0.6%	$88.45	+36.5%	COM	59522J103
QCOM	Qualcomm	7,203	$1.219M	0.5%	$71.08	+109.0%	COM	747525103
CVS	CVS/Caremark	15,175	$1.21M	0.5%	$59.29	+19.5%	COM	126650100
INTU	Intuit	1,809	$1.176M	0.5%	$249.70	+152.8%	COM	461202103
UNP	Union Pacific	4,749	$1.168M	0.5%	$105.33	+123.7%	COM	907818108
NEM	Newmont Mining Corp.	32,422	$1.162M	0.5%	$35.47	-6.5%	COM	651639106
—	Verizon Communications	27,287	$1.145M	0.5%	$52.01	—	COM	92343v104
GS	Goldman Sachs	2,643	$1.104M	0.5%	$258.16	+44.2%	COM	38141G104
—	Kite Realty Group	50,510	$1.095M	0.5%	$21.85	—	COM	49803t300
J	Jacobs Solutions	6,735	$1.035M	0.4%	$100.14	+15.1%	COM	46982L108
—	Teledyne Technologies	2,396	$1.029M	0.4%	$411.44	—	COM	879360106
WLK	Westlake Chemical Corp.	6,711	$1.025M	0.4%	$66.78	+102.6%	COM	960413102
AMP	Ameriprise Financial	2,150	$943K	0.4%	$78.85	+395.6%	COM	03076C106
DLB	Dolby Class A	11,090	$929K	0.4%	$47.41	+68.0%	COM	25659T107
CMS	CMS Energy	15,368	$927K	0.4%	$36.62	+49.4%	COM	125896100
MAS	Masco Corp.	11,279	$890K	0.4%	$33.43	+108.7%	COM	574599106
DOW	Dow	15,266	$884K	0.4%	$36.37	+34.6%	COM	260557103
VAC	Marriott Vacations Worldwide	7,988	$861K	0.4%	$116.83	-22.7%	COM	57164Y107
ORI	Old Republic	27,000	$829K	0.4%	$12.05	+103.0%	COM	680223104
LLY	Eli Lilly	1,066	$829K	0.4%	$201.68	+248.3%	COM	532457108
—	Hoya Capital High Dividend Yie	77,930	$814K	0.3%	$11.73	—	COM	26922b840
BK	Bank of New York Mellon	13,020	$750K	0.3%	$27.89	+88.8%	COM	064058100
—	Corteva	12,720	$734K	0.3%	$29.60	—	COM	22052l104
—	Zimmer Biomet	5,528	$730K	0.3%	$117.03	—	COM	98956p102
UPS	United Parcel Service 'B'	4,800	$713K	0.3%	$78.39	+74.0%	COM	911312106
AWK	American Water Works	5,405	$661K	0.3%	$70.71	+66.6%	COM	030420103
AMN	AMN Healthcare Svcs.	10,500	$656K	0.3%	$62.88	+8.2%	COM	001744101
—	3M	5,896	$625K	0.3%	$142.94	—	COM	88579y101
—	Wyndham Hotels & Resorts	7,408	$569K	0.2%	$58.82	—	COM	98311a105
—	FedEx	1,954	$566K	0.2%	$261.69	—	COM	31428x106
—	Cigna	1,282	$466K	0.2%	$189.89	—	COM	125509109
—	Discover Financial Services	3,520	$461K	0.2%	$91.08	—	COM	254709108
—	Anheuser-Busch	7,578	$461K	0.2%	$61.61	—	COM	03524a108
KO	Coca-Cola	7,516	$460K	0.2%	$33.16	+71.0%	COM	191216100
—	Cisco Systems	8,900	$444K	0.2%	$25.62	—	COM	17275R952
YUM	Yum! Brands	3,145	$436K	0.2%	$40.89	+214.8%	COM	988498101
TGT	Target	2,437	$432K	0.2%	$110.04	+29.1%	COM	87612E106
—	Truist Financial	10,090	$393K	0.2%	$52.59	—	COM	89832q109
MCO	Moody's Corp.	946	$372K	0.2%	$154.93	+145.3%	COM	615369105
—	Apollo Global Mgmt. LLC	3,250	$365K	0.2%	$64.43	—	COM	037612306
HBAN	Huntington Bancshares	26,027	$363K	0.2%	$13.04	-8.4%	COM	446150104
PKG	Packaging Corp.	1,835	$348K	0.1%	$86.90	+90.1%	COM	695156109
CAT	Caterpillar	908	$333K	0.1%	$206.59	+50.6%	COM	149123101
SLB	Schlumberger	5,526	$303K	0.1%	$27.94	+71.2%	COM	806857108
—	Fortrea Holdings	7,439	$299K	0.1%	$28.59	—	COM	34965k107
PAYX	Paychex	2,375	$292K	0.1%	$76.93	+49.0%	COM	704326107
BA	Boeing	1,500	$289K	0.1%	$207.75	-1.1%	COM	097023105
BAC	Bank America	7,571	$287K	0.1%	$23.66	+38.7%	COM	060505104
—	Alphabet Class A	1,868	$282K	0.1%	$157.00	—	COM	02079k305
—	Apple Hospitality	17,000	$278K	0.1%	$16.61	—	COM	03784y200
MDLZ	Mondelez	3,971	$278K	0.1%	$44.56	+54.6%	COM	609207105
DLR	Digital Realty Trust	1,900	$274K	0.1%	$90.52	+47.1%	COM	253868103
—	Blackstone Group	2,006	$264K	0.1%	$107.14	—	COM	09253u108
—	First American Financial	4,275	$261K	0.1%	$56.35	—	COM	31847r102
TRV	Travelers	1,059	$244K	0.1%	$166.66	+24.0%	COM	89417E109
—	RTX	2,427	$237K	0.1%	$84.14	—	COM	75513e101
—	Match Group	6,496	$236K	0.1%	$110.68	—	COM	57665r106
—	GE Healthcare	2,589	$235K	0.1%	$77.32	—	COM	36266g107
—	Viatris	11,181	$134K	0.1%	$18.73	—	COM	92556v106
—	Aecon Group	10,000	$126K	0.1%	$9.31	—	COM	00762v109