Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JPMorgan Chase	61,581	$12.98M	6.3%	$58.86	—	COM	46625h100
JNJ	Johnson & Johnson	57,726	$9.355M	4.6%	$65.75	+132.2%	COM	478160104
AAPL	Apple	36,767	$8.567M	4.2%	$85.03	+161.0%	COM	037833100
—	Hoya Capital Housing	160,417	$8.163M	4.0%	$30.25	—	COM	26922a230
MSFT	Microsoft	18,914	$8.139M	4.0%	$118.04	+258.4%	COM	594918104
URI	United Rentals	5,621	$4.551M	2.2%	$303.52	+134.2%	COM	911363109
PWR	Quanta Services	14,592	$4.351M	2.1%	$34.50	+665.0%	COM	74762E102
DHI	D R Horton	21,455	$4.093M	2.0%	$63.56	+172.5%	COM	23331A109
PG	Procter & Gamble	23,562	$4.081M	2.0%	$58.01	+183.1%	COM	742718109
AXP	American Express	14,706	$3.988M	1.9%	$77.15	+217.7%	COM	025816109
IBM	International Business Machine	17,852	$3.947M	1.9%	$107.16	+76.3%	COM	459200101
HD	Home Depot	9,298	$3.768M	1.8%	$84.52	+317.2%	COM	437076102
AMZN	Amazon	20,159	$3.756M	1.8%	$125.75	+45.1%	COM	023135106
—	Alphabet Class C	22,168	$3.706M	1.8%	$142.51	—	COM	02079k107
SPGI	S&P Global	6,910	$3.57M	1.7%	$126.49	+287.3%	COM	78409V104
NSRGY	Nestle ADR	35,411	$3.566M	1.7%	$78.92	—	COM	641069406
DOV	Dover Corp.	16,556	$3.174M	1.5%	$106.22	+68.9%	COM	260003108
WM	Waste Management	14,553	$3.021M	1.5%	$47.68	+328.4%	COM	94106L109
SCHW	Schwab, Charles	44,687	$2.896M	1.4%	$41.64	+55.0%	COM	808513105
PFE	Pfizer	97,766	$2.829M	1.4%	$17.65	+51.2%	COM	717081103
RS	Reliance Steel & Aluminum	9,781	$2.829M	1.4%	$77.77	+268.2%	COM	759509102
WMT	Wal-Mart Stores	34,017	$2.747M	1.3%	$47.26	+53.4%	COM	931142103
XOM	Exxon Mobil	23,379	$2.74M	1.3%	$55.85	+97.0%	COM	30231G102
ABT	Abbott Laboratories	23,541	$2.684M	1.3%	$33.91	+215.7%	COM	002824100
ICLR	Icon PLC	9,101	$2.615M	1.3%	$136.54	+130.9%	COM	G4705A100
CVX	Chevron	16,894	$2.488M	1.2%	$78.64	+78.0%	COM	166764100
DIS	Disney	24,443	$2.351M	1.1%	$73.22	+23.7%	COM	254687106
KR	Kroger	40,947	$2.346M	1.1%	$37.33	+39.7%	COM	501044101
BMY	Bristol-Myers Squibb	42,123	$2.179M	1.1%	$38.39	+13.7%	COM	110122108
UNH	United Health Group	3,587	$2.097M	1.0%	$186.51	+194.0%	COM	91324P102
CLX	Clorox	12,751	$2.077M	1.0%	$63.81	+121.3%	COM	189054109
HUBB	Hubbell	4,815	$2.063M	1.0%	$127.93	+195.1%	COM	443510607
—	Zoetis	10,550	$2.061M	1.0%	$74.17	—	COM	98978v103
DD	Du Pont (E.I) de Nemours	22,766	$2.029M	1.0%	$27.18	+21.4%	COM	26614N102
ABBV	Abbvie	10,010	$1.977M	1.0%	$34.16	+423.2%	COM	00287Y109
NDAQ	Nasdaq	27,015	$1.972M	1.0%	$45.80	+46.4%	COM	631103108
—	Labcorp Holdings	8,780	$1.962M	1.0%	$210.25	—	COM	50540r409
PEP	PepsiCo	11,297	$1.921M	0.9%	$62.01	+162.7%	COM	713448108
—	Merck	16,514	$1.875M	0.9%	$50.04	—	COM	58933y105
LEA	Lear Corp.	16,676	$1.82M	0.9%	$113.75	-4.3%	COM	521865204
HII	Huntington Ingalls Ind.	6,772	$1.79M	0.9%	$185.74	+37.8%	COM	446413106
NEM	Newmont Mining Corp.	31,822	$1.701M	0.8%	$35.47	+36.4%	COM	651639106
MCD	McDonald's Corp.	5,366	$1.634M	0.8%	$70.01	+280.9%	COM	580135101
MAA	Mid America Apartment Communit	10,171	$1.616M	0.8%	$88.45	+63.6%	COM	59522J103
AMGN	Amgen	4,974	$1.603M	0.8%	$97.44	+221.4%	COM	031162100
BDX	Becton Dickinson	6,239	$1.504M	0.7%	$207.65	+9.6%	COM	075887109
MKC	McCormick	18,026	$1.484M	0.7%	$56.09	+33.9%	COM	579780206
GE	GE Aerospace	7,783	$1.468M	0.7%	$58.52	+187.0%	COM	369604301
LOW	Lowes	5,278	$1.43M	0.7%	$158.94	+48.6%	COM	548661107
HUM	Humana	4,334	$1.373M	0.7%	$317.14	+10.0%	COM	444859102
INTC	Intel	58,318	$1.368M	0.7%	$20.38	+22.1%	COM	458140100
—	Kite Realty Group	50,510	$1.342M	0.7%	$21.85	—	COM	49803t300
ROK	Rockwell Automation	4,975	$1.336M	0.7%	$144.03	+80.1%	COM	773903109
EMR	Emerson Electric	11,833	$1.294M	0.6%	$53.73	+95.6%	COM	291011104
NVDA	Nvidia Corp.	10,230	$1.242M	0.6%	$91.78	+28.6%	COM	67066G104
QCOM	Qualcomm	7,203	$1.225M	0.6%	$71.08	+140.8%	COM	747525103
J	Jacobs Solutions	8,835	$1.157M	0.6%	$103.80	+14.7%	COM	46982L108
INTU	Intuit	1,809	$1.123M	0.5%	$249.70	+153.5%	COM	461202103
UNP	Union Pacific	4,494	$1.108M	0.5%	$105.33	+122.8%	COM	907818108
CMS	CMS Energy	15,368	$1.085M	0.5%	$36.62	+72.1%	COM	125896100
—	Teledyne Technologies	2,396	$1.049M	0.5%	$411.44	—	COM	879360106
AMP	Ameriprise Financial	2,150	$1.01M	0.5%	$78.85	+440.9%	COM	03076C106
WLK	Westlake Chemical Corp.	6,711	$1.009M	0.5%	$66.78	+108.5%	COM	960413102
GS	Goldman Sachs	1,978	$979K	0.5%	$258.16	+84.0%	COM	38141G104
ORI	Old Republic	27,000	$956K	0.5%	$12.05	+140.5%	COM	680223104
MAS	Masco Corp.	11,279	$947K	0.5%	$33.43	+121.5%	COM	574599106
LLY	Eli Lilly	1,066	$944K	0.5%	$201.68	+341.5%	COM	532457108
BK	Bank of New York Mellon	13,020	$936K	0.5%	$27.89	+128.9%	COM	064058100
—	Verizon Communications	19,466	$874K	0.4%	$52.01	—	COM	92343v104
CVS	CVS/Caremark	13,575	$854K	0.4%	$59.29	-6.9%	COM	126650100
DLB	Dolby Class A	11,090	$849K	0.4%	$47.41	+52.3%	COM	25659T107
—	Hoya Capital High Dividend Yie	75,121	$845K	0.4%	$11.73	—	COM	26922b840
DOW	Dow	15,266	$834K	0.4%	$36.37	+31.8%	COM	260557103
—	3M	5,896	$806K	0.4%	$142.94	—	COM	88579y101
AWK	American Water Works	5,405	$790K	0.4%	$70.71	+94.1%	COM	030420103
—	Corteva	12,254	$720K	0.4%	$29.60	—	COM	22052l104
—	Anheuser-Busch	9,161	$607K	0.3%	$61.01	—	COM	03524a108
UPS	United Parcel Service 'B'	4,340	$592K	0.3%	$78.39	+53.8%	COM	911312106
VAC	Marriott Vacations Worldwide	7,988	$587K	0.3%	$116.83	-33.9%	COM	57164Y107
—	Zimmer Biomet	5,426	$586K	0.3%	$117.03	—	COM	98956p102
—	Wyndham Hotels & Resorts	7,408	$579K	0.3%	$58.82	—	COM	98311a105
KO	Coca-Cola	7,516	$540K	0.3%	$33.16	+98.0%	COM	191216100
—	FedEx	1,954	$535K	0.3%	$261.69	—	COM	31428x106
STX	Seagate	4,825	$528K	0.3%	$98.96	0.0%	COM	G7997R103
AMAT	Applied Materials	2,480	$501K	0.2%	$52.94	+282.2%	COM	038222105
—	GE Vernova	1,934	$493K	0.2%	$171.51	—	COM	36828a101
—	Broadcom, Inc.	2,710	$467K	0.2%	$667.01	—	COM	11135f101
—	Cisco Systems	8,775	$467K	0.2%	$25.62	—	COM	17275R952
—	WIX.com	2,755	$461K	0.2%	$167.17	—	COM	m98068105
—	Cigna	1,282	$444K	0.2%	$189.89	—	COM	125509109
YUM	Yum! Brands	3,145	$439K	0.2%	$40.89	+216.4%	COM	988498101
MCO	Moody's Corp.	924	$439K	0.2%	$154.93	+196.1%	COM	615369105
—	Truist Financial	9,665	$413K	0.2%	$52.59	—	COM	89832q109
—	Apollo Global Mgmt. LLC	3,250	$406K	0.2%	$64.43	—	COM	037612306
PKG	Packaging Corp.	1,835	$395K	0.2%	$86.90	+120.8%	COM	695156109
HBAN	Huntington Bancshares	26,027	$383K	0.2%	$13.04	+2.9%	COM	446150104
TGT	Target	2,437	$380K	0.2%	$110.04	+28.1%	COM	87612E106
CAT	Caterpillar	908	$355K	0.2%	$206.59	+63.9%	COM	149123101
—	Discover Financial Services	2,320	$325K	0.2%	$91.08	—	COM	254709108
PAYX	Paychex	2,375	$319K	0.2%	$76.93	+58.5%	COM	704326107
—	Alphabet Class A	1,868	$310K	0.2%	$157.00	—	COM	02079k305
DLR	Digital Realty Trust	1,900	$307K	0.1%	$90.52	+62.3%	COM	253868103
—	Blackstone Group	2,006	$307K	0.1%	$107.14	—	COM	09253u108
BAC	Bank America	7,571	$300K	0.1%	$23.66	+63.9%	COM	060505104
AMTM	Amentum Holdings	8,835	$285K	0.1%	$28.49	0.0%	COM	023939101
—	Salesforce	1,034	$283K	0.1%	$257.10	—	COM	79466l302
—	First American Financial	4,275	$282K	0.1%	$56.35	—	COM	31847r102
MDLZ	Mondelez	3,798	$280K	0.1%	$44.56	+50.8%	COM	609207105
AMN	AMN Healthcare Svcs.	6,500	$276K	0.1%	$62.88	-16.6%	COM	001744101
—	Apple Hospitality	17,000	$252K	0.1%	$16.61	—	COM	03784y200
TRV	Travelers	1,059	$248K	0.1%	$166.66	+29.2%	COM	89417E109
—	Match Group	6,496	$246K	0.1%	$37.84	—	COM	57665r106
—	GE Healthcare	2,582	$242K	0.1%	$77.32	—	COM	36266g107
BA	Boeing	1,500	$228K	0.1%	$207.75	-17.5%	COM	097023105
SLB	Schlumberger	5,124	$215K	0.1%	$27.94	+52.8%	COM	806857108
—	RTX	1,664	$202K	0.1%	$121.16	—	COM	75513e101
—	Aecon Group	10,000	$154K	0.1%	$9.31	—	COM	00762v109
—	Viatris	11,015	$128K	0.1%	$18.73	—	COM	92556v106