Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JPMorgan Chase	45,596	$11.18M	6.7%	$58.86	—	COM	46625h100
JNJ	Johnson & Johnson	50,407	$8.359M	5.0%	$65.75	+131.9%	COM	478160104
—	Hoya Capital Housing	153,817	$6.877M	4.1%	$30.25	—	COM	26922a230
AAPL	Apple	30,117	$6.69M	4.0%	$85.03	+171.4%	COM	037833100
MSFT	Microsoft	17,533	$6.582M	3.9%	$118.04	+243.2%	COM	594918104
ABBV	Abbvie	22,062	$4.622M	2.8%	$118.96	+59.2%	COM	00287Y109
URI	United Rentals	6,140	$3.848M	2.3%	$332.99	+104.9%	COM	911363109
IBM	International Business Machine	15,189	$3.777M	2.3%	$107.16	+123.4%	COM	459200101
PG	Procter & Gamble	20,667	$3.522M	2.1%	$58.01	+182.6%	COM	742718109
SCHW	Schwab, Charles	43,287	$3.389M	2.0%	$41.64	+86.5%	COM	808513105
AMZN	Amazon	17,515	$3.332M	2.0%	$125.75	+72.6%	COM	023135106
—	Alphabet Class C	21,085	$3.294M	2.0%	$145.47	—	COM	02079k107
WMT	Wal-Mart Stores	34,385	$3.019M	1.8%	$47.75	+94.7%	COM	931142103
WM	Waste Management	12,703	$2.941M	1.8%	$47.68	+358.0%	COM	94106L109
DOV	Dover Corp.	16,406	$2.882M	1.7%	$106.22	+79.2%	COM	260003108
KR	Kroger	40,947	$2.772M	1.7%	$37.33	+66.8%	COM	501044101
DHI	D R Horton	21,455	$2.728M	1.6%	$63.56	+108.9%	COM	23331A109
HD	Home Depot	7,279	$2.668M	1.6%	$84.52	+350.5%	COM	437076102
ABT	Abbott Laboratories	20,027	$2.657M	1.6%	$33.91	+270.0%	COM	002824100
AXP	American Express	9,273	$2.495M	1.5%	$77.15	+279.1%	COM	025816109
XOM	Exxon Mobil	20,723	$2.465M	1.5%	$55.85	+92.0%	COM	30231G102
BMY	Bristol-Myers Squibb	40,311	$2.459M	1.5%	$38.39	+44.5%	COM	110122108
SPGI	S&P Global	4,807	$2.442M	1.5%	$126.49	+301.3%	COM	78409V104
CVX	Chevron	14,082	$2.356M	1.4%	$78.64	+91.3%	COM	166764100
MCD	McDonald's Corp.	7,231	$2.259M	1.3%	$126.42	+131.7%	COM	580135101
NSRGY	Nestle ADR	21,566	$2.178M	1.3%	$78.92	—	COM	641069406
DIS	Disney	21,076	$2.08M	1.2%	$73.22	+45.2%	COM	254687106
—	Labcorp Holdings	8,780	$2.043M	1.2%	$210.25	—	COM	50540r409
PFE	Pfizer	76,518	$1.939M	1.2%	$17.65	+40.0%	COM	717081103
—	Zoetis	11,220	$1.847M	1.1%	$79.47	—	COM	98978v103
PEP	PepsiCo	11,587	$1.737M	1.0%	$64.54	+122.3%	COM	713448108
UNH	United Health Group	3,197	$1.674M	1.0%	$186.51	+167.8%	COM	91324P102
HII	Huntington Ingalls Ind.	7,952	$1.623M	1.0%	$185.77	+0.1%	COM	446413106
CLX	Clorox	10,917	$1.608M	1.0%	$63.81	+131.9%	COM	189054109
HUBB	Hubbell	4,835	$1.6M	1.0%	$127.93	+199.1%	COM	443510607
ICLR	Icon PLC	9,101	$1.593M	0.9%	$136.54	+42.0%	COM	G4705A100
BDX	Becton Dickinson	6,237	$1.429M	0.9%	$207.65	+9.5%	COM	075887109
AMGN	Amgen	4,479	$1.395M	0.8%	$97.44	+194.8%	COM	031162100
NEM	Newmont Mining Corp.	27,947	$1.349M	0.8%	$35.47	+21.9%	COM	651639106
DD	Du Pont (E.I) de Nemours	18,005	$1.345M	0.8%	$27.18	+17.4%	COM	26614N102
GS	Goldman Sachs	2,423	$1.324M	0.8%	$318.16	+85.7%	COM	38141G104
LOW	Lowes	5,618	$1.31M	0.8%	$163.97	+47.6%	COM	548661107
NVDA	Nvidia Corp.	11,836	$1.283M	0.8%	$97.01	+30.6%	COM	67066G104
—	Global Payment	12,632	$1.237M	0.7%	$112.06	—	COM	37940x102
—	Teledyne Technologies	2,396	$1.193M	0.7%	$411.44	—	COM	879360106
HUM	Humana	4,334	$1.147M	0.7%	$317.14	-15.9%	COM	444859102
—	Kite Realty Group	50,510	$1.13M	0.7%	$21.85	—	COM	49803t300
INTC	Intel	49,485	$1.124M	0.7%	$20.38	+7.3%	COM	458140100
INTU	Intuit	1,809	$1.111M	0.7%	$249.70	+139.3%	COM	461202103
J	Jacobs Solutions	8,835	$1.068M	0.6%	$103.80	+23.0%	COM	46982L108
UNP	Union Pacific	4,494	$1.062M	0.6%	$105.33	+123.7%	COM	907818108
ORI	Old Republic	27,000	$1.059M	0.6%	$12.05	+179.7%	COM	680223104
EMR	Emerson Electric	9,458	$1.037M	0.6%	$55.21	+115.2%	COM	291011104
QCOM	Qualcomm	6,483	$996K	0.6%	$71.08	+124.6%	COM	747525103
MKC	McCormick	11,626	$957K	0.6%	$56.09	+36.2%	COM	579780206
—	Verizon Communications	20,630	$936K	0.6%	$51.49	—	COM	92343v104
LEA	Lear Corp.	10,442	$921K	0.5%	$113.75	-19.0%	COM	521865204
GE	GE Aerospace	4,514	$903K	0.5%	$58.52	+234.5%	COM	369604301
DLB	Dolby Class A	11,090	$891K	0.5%	$47.41	+68.4%	COM	25659T107
LLY	Eli Lilly	1,066	$880K	0.5%	$201.68	+309.9%	COM	532457108
BK	Bank of New York Mellon	9,852	$826K	0.5%	$27.89	+196.0%	COM	064058100
CVS	CVS/Caremark	12,025	$815K	0.5%	$59.29	-2.2%	COM	126650100
AWK	American Water Works	5,405	$797K	0.5%	$70.71	+82.6%	COM	030420103
—	Merck	8,770	$787K	0.5%	$50.04	—	COM	58933y105
MAS	Masco Corp.	11,279	$784K	0.5%	$33.43	+120.1%	COM	574599106
—	Hoya Capital High Dividend Yie	75,121	$753K	0.4%	$11.73	—	COM	26922b840
—	WIX.com	4,455	$728K	0.4%	$185.25	—	COM	m98068105
AMP	Ameriprise Financial	1,450	$702K	0.4%	$78.85	+557.7%	COM	03076C106
WLK	Westlake Chemical Corp.	6,711	$671K	0.4%	$66.78	+61.7%	COM	960413102
—	Wyndham Hotels & Resorts	7,408	$670K	0.4%	$58.82	—	COM	98311a105
STX	Seagate	7,725	$656K	0.4%	$98.66	-5.9%	COM	G7997R103
—	3M	3,846	$565K	0.3%	$142.94	—	COM	88579y101
VAC	Marriott Vacations Worldwide	7,988	$513K	0.3%	$116.83	-32.0%	COM	57164Y107
—	Broadcom, Inc.	3,010	$504K	0.3%	$623.64	—	COM	11135f101
—	Zimmer Biomet	4,439	$502K	0.3%	$117.03	—	COM	98956p102
—	Corteva	7,769	$489K	0.3%	$29.60	—	COM	22052l104
AKAM	Akamai Technologies	5,675	$457K	0.3%	$98.08	-8.5%	COM	00971T101
—	FedEx	1,854	$452K	0.3%	$261.69	—	COM	31428x106
—	Apollo Global Mgmt. LLC	3,250	$445K	0.3%	$64.43	—	COM	037612306
UPS	United Parcel Service 'B'	4,020	$442K	0.3%	$78.39	+43.7%	COM	911312106
—	Cisco Systems	7,150	$441K	0.3%	$25.62	—	COM	17275R952
MCO	Moody's Corp.	924	$430K	0.3%	$154.93	+208.9%	COM	615369105
YUM	Yum! Brands	2,522	$397K	0.2%	$40.89	+246.3%	COM	988498101
DOW	Dow	10,781	$376K	0.2%	$36.37	-1.1%	COM	260557103
PAYX	Paychex	2,375	$366K	0.2%	$76.93	+86.1%	COM	704326107
—	GE Vernova	1,133	$346K	0.2%	$171.51	—	COM	36828a101
—	Discover Financial Services	2,020	$345K	0.2%	$91.08	—	COM	254709108
HBAN	Huntington Bancshares	22,427	$337K	0.2%	$13.04	+19.1%	COM	446150104
AMAT	Applied Materials	2,250	$327K	0.2%	$52.94	+214.8%	COM	038222105
PKG	Packaging Corp.	1,635	$324K	0.2%	$86.90	+139.8%	COM	695156109
—	Cigna	971	$319K	0.2%	$189.89	—	COM	125509109
—	Salesforce	1,190	$319K	0.2%	$267.22	—	COM	79466l302
NDAQ	Nasdaq	4,050	$307K	0.2%	$45.80	+69.8%	COM	631103108
BAC	Bank America	7,321	$306K	0.2%	$23.66	+84.4%	COM	060505104
—	Blackstone Group	2,034	$284K	0.2%	$108.04	—	COM	09253u108
—	First American Financial	4,275	$281K	0.2%	$56.35	—	COM	31847r102
—	Anheuser-Busch	4,538	$279K	0.2%	$61.01	—	COM	03524a108
DLR	Digital Realty Trust	1,900	$272K	0.2%	$90.52	+74.6%	COM	253868103
CAT	Caterpillar	783	$258K	0.2%	$206.59	+70.4%	COM	149123101
BA	Boeing	1,500	$256K	0.2%	$207.75	-16.7%	COM	097023105
TGT	Target	2,437	$254K	0.2%	$110.04	+9.2%	COM	87612E106
MAA	Mid America Apartment Communit	1,490	$250K	0.1%	$88.45	+73.3%	COM	59522J103
—	Apple Hospitality	17,000	$219K	0.1%	$16.61	—	COM	03784y200
MDLZ	Mondelez	3,198	$217K	0.1%	$44.56	+34.1%	COM	609207105
SLB	Schlumberger	5,124	$214K	0.1%	$39.90	0.0%	COM	806857108
—	Alphabet Class A	1,368	$212K	0.1%	$157.00	—	COM	02079k305
DE	Deere	442	$207K	0.1%	$461.52	0.0%	COM	244199105
—	Match Group	6,496	$203K	0.1%	$37.84	—	COM	57665r106
—	RTX	1,510	$200K	0.1%	$132.46	—	COM	75513e101
—	Aecon Group	10,000	$118K	0.1%	$9.31	—	COM	00762v109