Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JPMorgan Chase	61,581	$12.46M	6.0%	$58.86	—	COM	46625h100
JNJ	Johnson & Johnson	57,726	$8.437M	4.1%	$65.75	+115.1%	COM	478160104
AAPL	Apple	36,773	$7.745M	3.7%	$85.03	+117.7%	COM	037833100
MSFT	Microsoft	17,269	$7.718M	3.7%	$88.98	+369.0%	COM	594918104
—	Hoya Capital Housing	160,417	$6.859M	3.3%	$30.25	—	COM	26922a230
NVDA	Nvidia Corp.	45,650	$5.64M	2.7%	$91.78	+10.1%	COM	67066G104
PG	Procter & Gamble	25,912	$4.273M	2.1%	$58.01	+171.0%	COM	742718109
AMAT	Applied Materials	17,492	$4.128M	2.0%	$52.94	+299.3%	COM	038222105
—	Alphabet Class C	20,498	$3.76M	1.8%	$140.50	—	COM	02079k107
PWR	Quanta Services	14,592	$3.708M	1.8%	$34.50	+666.4%	COM	74762E102
URI	United Rentals	5,621	$3.635M	1.8%	$303.52	+115.9%	COM	911363109
NSRGY	Nestle ADR	35,411	$3.614M	1.7%	$78.92	—	COM	641069406
AMZN	Amazon	18,416	$3.559M	1.7%	$120.38	+52.6%	COM	023135106
—	Dell	25,000	$3.448M	1.7%	$55.08	—	COM	24703l103
AXP	American Express	14,706	$3.405M	1.6%	$77.15	+194.6%	COM	025816109
SCHW	Schwab, Charles	44,687	$3.293M	1.6%	$41.64	+73.7%	COM	808513105
HD	Home Depot	9,298	$3.201M	1.5%	$84.52	+287.6%	COM	437076102
WM	Waste Management	14,553	$3.105M	1.5%	$47.68	+325.4%	COM	94106L109
IBM	International Business Machine	17,852	$3.088M	1.5%	$107.16	+54.8%	COM	459200101
SPGI	S&P Global	6,910	$3.082M	1.5%	$126.49	+235.0%	COM	78409V104
DHI	D R Horton	21,455	$3.024M	1.5%	$63.56	+127.3%	COM	23331A109
DOV	Dover Corp.	16,556	$2.988M	1.4%	$106.22	+65.5%	COM	260003108
SNPS	Synopsys	4,960	$2.951M	1.4%	$78.29	+622.2%	COM	871607107
ICLR	Icon PLC	9,101	$2.853M	1.4%	$136.54	+129.5%	COM	G4705A100
RS	Reliance Steel & Aluminum	9,781	$2.793M	1.3%	$77.77	+287.4%	COM	759509102
PFE	Pfizer	97,766	$2.735M	1.3%	$17.65	+40.3%	COM	717081103
XOM	Exxon Mobil	23,379	$2.691M	1.3%	$55.85	+97.1%	COM	30231G102
CVX	Chevron	16,894	$2.643M	1.3%	$78.64	+88.7%	COM	166764100
ABT	Abbott Laboratories	23,981	$2.492M	1.2%	$33.91	+203.6%	COM	002824100
DIS	Disney	24,443	$2.427M	1.2%	$73.22	+44.1%	COM	254687106
WMT	Wal-Mart Stores	34,017	$2.303M	1.1%	$47.26	+31.1%	COM	931142103
—	Broadcom, Inc.	1,420	$2.28M	1.1%	$1116.25	—	COM	11135f101
PEP	PepsiCo	13,150	$2.169M	1.0%	$62.01	+161.8%	COM	713448108
KR	Kroger	40,947	$2.044M	1.0%	$37.33	+39.4%	COM	501044101
—	Merck	16,514	$2.044M	1.0%	$50.04	—	COM	58933y105
HUM	Humana	5,334	$1.993M	1.0%	$317.14	+4.1%	COM	444859102
LEA	Lear Corp.	16,676	$1.905M	0.9%	$113.75	+7.0%	COM	521865204
DD	Du Pont (E.I) de Nemours	22,766	$1.832M	0.9%	$27.18	+16.1%	COM	26614N102
—	Zoetis	10,550	$1.829M	0.9%	$74.17	—	COM	98978v103
UNH	United Health Group	3,587	$1.827M	0.9%	$186.51	+153.7%	COM	91324P102
INTC	Intel	58,318	$1.806M	0.9%	$20.38	+59.5%	COM	458140100
—	Labcorp Holdings	8,780	$1.787M	0.9%	$210.25	—	COM	50540r409
CLX	Clorox	13,071	$1.784M	0.9%	$63.81	+105.9%	COM	189054109
ABBV	Abbvie	10,265	$1.761M	0.8%	$34.16	+360.0%	COM	00287Y109
HUBB	Hubbell	4,815	$1.76M	0.8%	$127.93	+200.1%	COM	443510607
BMY	Bristol-Myers Squibb	42,123	$1.749M	0.8%	$38.39	+6.8%	COM	110122108
HII	Huntington Ingalls Ind.	6,772	$1.668M	0.8%	$185.74	+34.7%	COM	446413106
NDAQ	Nasdaq	27,015	$1.628M	0.8%	$45.80	+29.4%	COM	631103108
AMGN	Amgen	4,974	$1.554M	0.7%	$97.44	+186.6%	COM	031162100
BDX	Becton Dickinson	6,239	$1.458M	0.7%	$207.65	+9.7%	COM	075887109
MAA	Mid America Apartment Communit	10,171	$1.45M	0.7%	$88.45	+42.0%	COM	59522J103
QCOM	Qualcomm	7,203	$1.435M	0.7%	$71.08	+156.6%	COM	747525103
ROK	Rockwell Automation	4,975	$1.37M	0.7%	$144.03	+82.2%	COM	773903109
MCD	McDonald's Corp.	5,366	$1.367M	0.7%	$70.01	+264.3%	COM	580135101
NEM	Newmont Mining Corp.	31,822	$1.332M	0.6%	$35.47	+11.7%	COM	651639106
EMR	Emerson Electric	11,833	$1.304M	0.6%	$53.73	+100.0%	COM	291011104
MKC	McCormick	18,026	$1.279M	0.6%	$56.09	+24.3%	COM	579780206
DIOD	Diodes	17,535	$1.261M	0.6%	$33.05	+116.9%	COM	254543101
GE	GE Aerospace	7,783	$1.237M	0.6%	$58.52	+169.9%	COM	369604301
J	Jacobs Solutions	8,835	$1.234M	0.6%	$103.80	+11.3%	COM	46982L108
INTU	Intuit	1,809	$1.189M	0.6%	$249.70	+146.0%	COM	461202103
LOW	Lowes	5,278	$1.164M	0.6%	$158.94	+39.3%	COM	548661107
—	Kite Realty Group	50,510	$1.13M	0.5%	$21.85	—	COM	49803t300
UNP	Union Pacific	4,494	$1.017M	0.5%	$105.33	+114.1%	COM	907818108
WLK	Westlake Chemical Corp.	6,711	$972K	0.5%	$66.78	+121.9%	COM	960413102
LLY	Eli Lilly	1,066	$965K	0.5%	$201.68	+292.2%	COM	532457108
—	Verizon Communications	22,942	$946K	0.5%	$52.01	—	COM	92343v104
—	Teledyne Technologies	2,396	$930K	0.4%	$411.44	—	COM	879360106
AMP	Ameriprise Financial	2,150	$918K	0.4%	$78.85	+430.7%	COM	03076C106
CMS	CMS Energy	15,368	$915K	0.4%	$36.62	+57.3%	COM	125896100
GS	Goldman Sachs	1,978	$895K	0.4%	$258.16	+64.1%	COM	38141G104
DLB	Dolby Class A	11,090	$879K	0.4%	$47.41	+64.1%	COM	25659T107
ORI	Old Republic	27,000	$834K	0.4%	$12.05	+115.8%	COM	680223104
DOW	Dow	15,266	$810K	0.4%	$36.37	+40.8%	COM	260557103
CVS	CVS/Caremark	13,575	$802K	0.4%	$59.29	-1.3%	COM	126650100
BK	Bank of New York Mellon	13,020	$780K	0.4%	$27.89	+99.8%	COM	064058100
—	Hoya Capital High Dividend Yie	75,121	$757K	0.4%	$11.73	—	COM	26922b840
MAS	Masco Corp.	11,279	$752K	0.4%	$33.43	+104.9%	COM	574599106
AWK	American Water Works	5,405	$698K	0.3%	$70.71	+72.2%	COM	030420103
VAC	Marriott Vacations Worldwide	7,988	$698K	0.3%	$116.83	-18.8%	COM	57164Y107
—	Corteva	12,254	$661K	0.3%	$29.60	—	COM	22052l104
—	3M	5,896	$603K	0.3%	$142.94	—	COM	88579y101
UPS	United Parcel Service 'B'	4,340	$594K	0.3%	$78.39	+65.8%	COM	911312106
—	Zimmer Biomet	5,426	$589K	0.3%	$117.03	—	COM	98956p102
—	FedEx	1,954	$586K	0.3%	$261.69	—	COM	31428x106
—	Wyndham Hotels & Resorts	7,408	$548K	0.3%	$58.82	—	COM	98311a105
AMN	AMN Healthcare Svcs.	10,500	$538K	0.3%	$62.88	-9.9%	COM	001744101
—	Anheuser-Busch	9,161	$533K	0.3%	$61.01	—	COM	03524a108
KO	Coca-Cola	7,516	$478K	0.2%	$33.16	+77.6%	COM	191216100
—	Cigna	1,282	$424K	0.2%	$189.89	—	COM	125509109
—	Cisco Systems	8,775	$417K	0.2%	$25.62	—	COM	17275R952
YUM	Yum! Brands	3,145	$417K	0.2%	$40.89	+226.0%	COM	988498101
MCO	Moody's Corp.	924	$389K	0.2%	$154.93	+153.7%	COM	615369105
—	Apollo Global Mgmt. LLC	3,250	$384K	0.2%	$64.43	—	COM	037612306
—	Truist Financial	9,665	$375K	0.2%	$52.59	—	COM	89832q109
TGT	Target	2,437	$361K	0.2%	$110.04	+34.4%	COM	87612E106
HBAN	Huntington Bancshares	26,027	$343K	0.2%	$13.04	-3.8%	COM	446150104
—	Alphabet Class A	1,868	$340K	0.2%	$157.00	—	COM	02079k305
PKG	Packaging Corp.	1,835	$335K	0.2%	$86.90	+100.7%	COM	695156109
—	GE Vernova	1,934	$332K	0.2%	$171.51	—	COM	36828a101
—	Discover Financial Services	2,320	$303K	0.1%	$91.08	—	COM	254709108
CAT	Caterpillar	908	$302K	0.1%	$206.59	+63.9%	COM	149123101
BAC	Bank America	7,571	$301K	0.1%	$23.66	+55.7%	COM	060505104
DLR	Digital Realty Trust	1,900	$289K	0.1%	$90.52	+50.7%	COM	253868103
PAYX	Paychex	2,375	$282K	0.1%	$76.93	+51.2%	COM	704326107
BA	Boeing	1,500	$273K	0.1%	$207.75	-14.2%	COM	097023105
—	Salesforce	1,034	$266K	0.1%	$257.10	—	COM	79466l302
MDLZ	Mondelez	3,798	$249K	0.1%	$44.56	+46.2%	COM	609207105
—	Blackstone Group	2,006	$248K	0.1%	$107.14	—	COM	09253u108
—	Apple Hospitality	17,000	$247K	0.1%	$16.61	—	COM	03784y200
SLB	Schlumberger	5,124	$242K	0.1%	$27.94	+64.6%	COM	806857108
—	First American Financial	4,275	$231K	0.1%	$56.35	—	COM	31847r102
TRV	Travelers	1,059	$215K	0.1%	$166.66	+25.3%	COM	89417E109
—	GE Healthcare	2,582	$201K	0.1%	$77.32	—	COM	36266g107
—	Aecon Group	10,000	$124K	0.1%	$9.31	—	COM	00762v109
—	Viatris	11,015	$117K	0.1%	$18.73	—	COM	92556v106