Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JPMorgan Chase	61,537	$14.75M	7.5%	$58.86	—	COM	46625h100
AAPL	Apple	36,767	$9.207M	4.7%	$85.03	+175.8%	COM	037833100
JNJ	Johnson & Johnson	57,726	$8.348M	4.2%	$65.75	+127.5%	COM	478160104
MSFT	Microsoft	18,914	$7.972M	4.0%	$118.04	+257.8%	COM	594918104
—	Hoya Capital Housing	160,417	$7.268M	3.7%	$30.25	—	COM	26922a230
—	Alphabet Class C	23,630	$4.5M	2.3%	$145.47	—	COM	02079k107
AMZN	Amazon	20,315	$4.457M	2.3%	$125.75	+62.7%	COM	023135106
AXP	American Express	14,706	$4.365M	2.2%	$77.15	+267.6%	COM	025816109
URI	United Rentals	5,662	$3.989M	2.0%	$303.52	+165.2%	COM	911363109
IBM	International Business Machine	17,987	$3.954M	2.0%	$107.16	+101.9%	COM	459200101
PG	Procter & Gamble	23,562	$3.95M	2.0%	$58.01	+185.7%	COM	742718109
HD	Home Depot	9,298	$3.617M	1.8%	$84.52	+370.0%	COM	437076102
SPGI	S&P Global	6,875	$3.424M	1.7%	$126.49	+297.7%	COM	78409V104
SCHW	Schwab, Charles	44,687	$3.307M	1.7%	$41.64	+77.3%	COM	808513105
DOV	Dover Corp.	16,556	$3.106M	1.6%	$106.22	+81.8%	COM	260003108
WMT	Wal-Mart Stores	34,017	$3.073M	1.6%	$47.26	+81.6%	COM	931142103
DHI	D R Horton	21,455	$3M	1.5%	$63.56	+159.5%	COM	23331A109
WM	Waste Management	14,553	$2.937M	1.5%	$47.68	+342.7%	COM	94106L109
NSRGY	Nestle ADR	35,196	$2.908M	1.5%	$78.92	—	COM	641069406
DIS	Disney	24,443	$2.722M	1.4%	$73.22	+41.4%	COM	254687106
ABT	Abbott Laboratories	23,541	$2.663M	1.4%	$33.91	+234.2%	COM	002824100
RS	Reliance Steel & Aluminum	9,781	$2.634M	1.3%	$77.77	+281.4%	COM	759509102
PFE	Pfizer	96,166	$2.551M	1.3%	$17.65	+42.3%	COM	717081103
XOM	Exxon Mobil	23,379	$2.515M	1.3%	$55.85	+101.2%	COM	30231G102
KR	Kroger	40,947	$2.504M	1.3%	$37.33	+53.6%	COM	501044101
CVX	Chevron	16,826	$2.437M	1.2%	$78.64	+85.0%	COM	166764100
BMY	Bristol-Myers Squibb	41,643	$2.355M	1.2%	$38.39	+37.0%	COM	110122108
NDAQ	Nasdaq	27,015	$2.089M	1.1%	$45.80	+66.4%	COM	631103108
CLX	Clorox	12,751	$2.071M	1.1%	$63.81	+146.6%	COM	189054109
HUBB	Hubbell	4,835	$2.025M	1.0%	$127.93	+243.7%	COM	443510607
—	Labcorp Holdings	8,780	$2.013M	1.0%	$210.25	—	COM	50540r409
ICLR	Icon PLC	9,101	$1.909M	1.0%	$136.54	+71.0%	COM	G4705A100
—	Zoetis	11,220	$1.828M	0.9%	$79.47	—	COM	98978v103
UNH	United Health Group	3,547	$1.794M	0.9%	$186.51	+196.4%	COM	91324P102
ABBV	Abbvie	10,010	$1.779M	0.9%	$34.16	+419.4%	COM	00287Y109
DD	Du Pont (E.I) de Nemours	22,622	$1.725M	0.9%	$27.18	+24.5%	COM	26614N102
PEP	PepsiCo	11,227	$1.707M	0.9%	$62.01	+152.5%	COM	713448108
—	Merck	16,514	$1.643M	0.8%	$50.04	—	COM	58933y105
MAA	Mid America Apartment Communit	10,171	$1.572M	0.8%	$88.45	+69.2%	COM	59522J103
MCD	McDonald's Corp.	5,401	$1.566M	0.8%	$70.01	+314.5%	COM	580135101
EMR	Emerson Electric	12,108	$1.501M	0.8%	$55.21	+115.6%	COM	291011104
NVDA	Nvidia Corp.	10,751	$1.444M	0.7%	$94.01	+46.6%	COM	67066G104
ROK	Rockwell Automation	4,975	$1.422M	0.7%	$144.03	+91.7%	COM	773903109
—	Global Payment	12,632	$1.416M	0.7%	$112.06	—	COM	37940x102
BDX	Becton Dickinson	6,239	$1.415M	0.7%	$207.65	+8.5%	COM	075887109
MKC	McCormick	18,026	$1.374M	0.7%	$56.09	+35.7%	COM	579780206
LOW	Lowes	5,278	$1.303M	0.7%	$158.94	+64.5%	COM	548661107
GE	GE Aerospace	7,783	$1.298M	0.7%	$58.52	+202.7%	COM	369604301
AMGN	Amgen	4,974	$1.296M	0.7%	$97.44	+193.6%	COM	031162100
HII	Huntington Ingalls Ind.	6,772	$1.28M	0.6%	$185.74	+13.1%	COM	446413106
—	Kite Realty Group	50,510	$1.275M	0.6%	$21.85	—	COM	49803t300
J	Jacobs Solutions	8,835	$1.181M	0.6%	$103.80	+31.3%	COM	46982L108
GS	Goldman Sachs	2,035	$1.165M	0.6%	$266.19	+104.7%	COM	38141G104
INTC	Intel	57,118	$1.145M	0.6%	$20.38	+10.6%	COM	458140100
AMP	Ameriprise Financial	2,150	$1.145M	0.6%	$78.85	+567.6%	COM	03076C106
INTU	Intuit	1,809	$1.137M	0.6%	$249.70	+154.2%	COM	461202103
—	Teledyne Technologies	2,396	$1.112M	0.6%	$411.44	—	COM	879360106
QCOM	Qualcomm	7,203	$1.107M	0.6%	$71.08	+124.4%	COM	747525103
HUM	Humana	4,334	$1.1M	0.6%	$317.14	-16.9%	COM	444859102
NEM	Newmont Mining Corp.	27,947	$1.04M	0.5%	$35.47	+25.8%	COM	651639106
UNP	Union Pacific	4,494	$1.025M	0.5%	$105.33	+118.6%	COM	907818108
CMS	CMS Energy	15,368	$1.024M	0.5%	$36.62	+81.6%	COM	125896100
BK	Bank of New York Mellon	13,020	$1M	0.5%	$27.89	+170.8%	COM	064058100
LEA	Lear Corp.	10,442	$989K	0.5%	$113.75	-15.6%	COM	521865204
ORI	Old Republic	27,000	$977K	0.5%	$12.05	+161.1%	COM	680223104
—	WIX.com	4,455	$956K	0.5%	$185.25	—	COM	m98068105
DLB	Dolby Class A	11,090	$866K	0.4%	$47.41	+56.5%	COM	25659T107
LLY	Eli Lilly	1,066	$823K	0.4%	$201.68	+307.2%	COM	532457108
MAS	Masco Corp.	11,279	$819K	0.4%	$33.43	+134.6%	COM	574599106
WLK	Westlake Chemical Corp.	6,711	$769K	0.4%	$66.78	+89.2%	COM	960413102
—	Verizon Communications	19,033	$761K	0.4%	$52.01	—	COM	92343v104
—	3M	5,896	$761K	0.4%	$142.94	—	COM	88579y101
—	Hoya Capital High Dividend Yie	75,121	$758K	0.4%	$11.73	—	COM	26922b840
—	Wyndham Hotels & Resorts	7,408	$747K	0.4%	$58.82	—	COM	98311a105
VAC	Marriott Vacations Worldwide	7,988	$717K	0.4%	$116.83	-25.9%	COM	57164Y107
—	Corteva	12,254	$698K	0.4%	$29.60	—	COM	22052l104
—	Broadcom, Inc.	3,010	$698K	0.4%	$623.64	—	COM	11135f101
AWK	American Water Works	5,405	$673K	0.3%	$70.71	+85.8%	COM	030420103
STX	Seagate	7,725	$667K	0.3%	$98.66	-0.5%	COM	G7997R103
—	GE Vernova	1,934	$636K	0.3%	$171.51	—	COM	36828a101
DOW	Dow	15,266	$613K	0.3%	$36.37	+18.1%	COM	260557103
CVS	CVS/Caremark	12,875	$578K	0.3%	$59.29	-9.5%	COM	126650100
—	Zimmer Biomet	5,426	$573K	0.3%	$117.03	—	COM	98956p102
—	FedEx	1,954	$550K	0.3%	$261.69	—	COM	31428x106
AKAM	Akamai Technologies	5,675	$543K	0.3%	$98.08	0.0%	COM	00971T101
UPS	United Parcel Service 'B'	4,270	$538K	0.3%	$78.39	+56.1%	COM	911312106
—	Apollo Global Mgmt. LLC	3,250	$537K	0.3%	$64.43	—	COM	037612306
—	Cisco Systems	8,775	$519K	0.3%	$25.62	—	COM	17275R952
KO	Coca-Cola	7,516	$468K	0.2%	$33.16	+90.2%	COM	191216100
MCO	Moody's Corp.	924	$437K	0.2%	$154.93	+205.4%	COM	615369105
YUM	Yum! Brands	3,145	$422K	0.2%	$40.89	+223.4%	COM	988498101
PKG	Packaging Corp.	1,835	$413K	0.2%	$86.90	+158.4%	COM	695156109
AMAT	Applied Materials	2,480	$403K	0.2%	$52.94	+238.4%	COM	038222105
—	Discover Financial Services	2,320	$402K	0.2%	$91.08	—	COM	254709108
—	Truist Financial	9,195	$399K	0.2%	$52.59	—	COM	89832q109
—	Salesforce	1,190	$398K	0.2%	$267.22	—	COM	79466l302
HBAN	Huntington Bancshares	24,427	$397K	0.2%	$13.04	+20.4%	COM	446150104
—	Cigna	1,282	$354K	0.2%	$189.89	—	COM	125509109
—	Alphabet Class A	1,868	$354K	0.2%	$157.00	—	COM	02079k305
—	Blackstone Group	2,034	$351K	0.2%	$108.04	—	COM	09253u108
DLR	Digital Realty Trust	1,900	$337K	0.2%	$90.52	+89.1%	COM	253868103
PAYX	Paychex	2,375	$333K	0.2%	$76.93	+78.5%	COM	704326107
BAC	Bank America	7,571	$333K	0.2%	$23.66	+81.0%	COM	060505104
TGT	Target	2,437	$329K	0.2%	$110.04	+24.2%	COM	87612E106
CAT	Caterpillar	908	$329K	0.2%	$206.59	+84.8%	COM	149123101
—	First American Financial	4,275	$267K	0.1%	$56.35	—	COM	31847r102
BA	Boeing	1,500	$266K	0.1%	$207.75	-24.5%	COM	097023105
—	Apple Hospitality	17,000	$261K	0.1%	$16.61	—	COM	03784y200
TRV	Travelers	1,059	$255K	0.1%	$166.66	+46.9%	COM	89417E109
—	Anheuser-Busch	5,038	$252K	0.1%	$61.01	—	COM	03524a108
MDLZ	Mondelez	3,798	$227K	0.1%	$44.56	+42.8%	COM	609207105
—	Match Group	6,496	$212K	0.1%	$37.84	—	COM	57665r106
—	GE Healthcare	2,582	$202K	0.1%	$77.32	—	COM	36266g107
—	Aecon Group	10,000	$189K	0.1%	$9.31	—	COM	00762v109
—	Viatris	11,015	$137K	0.1%	$18.73	—	COM	92556v106