Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GEV	GE Vernova	602	$707K	0.3%	$1174.86	—	COM	36828A101
HON	Honeywell Technologies	2,653	$594K	0.3%	$223.94	—	COM	438516205
—	Honeywell Aerospace	2,646	$585K	0.3%	$221.12	—	COM	43849r105
TJX	TJX Companies	3,742	$567K	0.3%	$151.50	—	COM	872540109
MKC	McCormick	10,086	$509K	0.2%	$50.42	—	COM	579780206
BIIB	Biogen IDEC Inc.	1,081	$234K	0.1%	$216.06	—	COM	09062X103
C	Citigroup	1,560	$218K	0.1%	$139.96	—	COM	172967424
REGN	Regeneron	345	$215K	0.1%	$623.54	—	COM	75886F107
SWK	Stanley Black & Decker	2,275	$214K	0.1%	$94.12	—	COM	854502101
—	Principal Financial Group	1,911	$206K	0.1%	$107.78	—	COM	74251v102
BAC	Bank of America	3,581	$204K	0.1%	$56.98	—	COM	060505104
GD	General Dynamics	566	$201K	0.1%	$354.24	—	COM	369550108
—	AES Corp.	10,575	$155K	0.1%	$14.66	—	COM	00130h105

Increased Positions (16)

LLY Eli Lilly 0.9%

Value $1.752M (+56.2%) Shares 1,461 (+19.8%) Est. Cost $448.85 Unrealized —

LOW Lowes 0.9%

Value $1.809M (+35.5%) Shares 8,203 (+45.2%) Est. Cost $108.68 Unrealized —

ANET Arista Networks 0.5%

Value $1.014M (+45.5%) Shares 5,969 (+5.1%) Est. Cost $131.99 Unrealized —

MAR Marriott Intl. Class A 0.9%

Value $1.851M (+17.6%) Shares 4,994 (+3.8%) Est. Cost $167.22 Unrealized —

SBUX Starbucks 0.7%

Value $1.404M (+22.6%) Shares 13,742 (+7.5%) Est. Cost $58.90 Unrealized —

GPC Genuine Parts 0.4%

Value $845K (+34.0%) Shares 7,162 (+20.1%) Est. Cost $73.30 Unrealized —

— Booking Holdings 0.9%

Value $1.758M (-9.4%) Shares 9,861 (+2039.0%) Est. Cost $275.38 Unrealized —

CDNS Cadence Design 0.3%

Value $576K (+44.7%) Shares 1,534 (+7.1%) Est. Cost $329.21 Unrealized —

CL Colgate Palmolive 1.0%

Value $1.986M (+9.4%) Shares 21,657 (+1.7%) Est. Cost $48.94 Unrealized —

— Constellation Brands 0.2%

Value $504K (+46.0%) Shares 3,622 (+57.4%) Est. Cost $175.64 Unrealized —

LMT Lockheed Martin 0.5%

Value $928K (-13.5%) Shares 1,822 (+2.6%) Est. Cost $206.17 Unrealized —

PHM Pulte Corp 0.2%

Value $458K (+20.1%) Shares 3,337 (+2.9%) Est. Cost $98.22 Unrealized —

BP BP 0.1%

Value $241K (-13.5%) Shares 6,520 (+10.0%) Est. Cost $35.24 Unrealized —

MDLZ Mondelez International 0.1%

Value $303K (+8.0%) Shares 5,230 (+7.6%) Est. Cost $51.11 Unrealized —

— Mastercard 0.2%

Value $457K (+4.8%) Shares 889 (+1.9%) Est. Cost $227.24 Unrealized —

ROP Roper Technologies 0.4%

Value $905K (+1.5%) Shares 2,674 (+6.2%) Est. Cost $150.37 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Eli Lilly	1,461 (+19.8%)	$1.752M (+56.2%)	0.9%	$448.85	—	COM	532457108
LOW	Lowes	8,203 (+45.2%)	$1.809M (+35.5%)	0.9%	$108.68	—	COM	548661107
ANET	Arista Networks	5,969 (+5.1%)	$1.014M (+45.5%)	0.5%	$131.99	—	COM	040413205
MAR	Marriott Intl. Class A	4,994 (+3.8%)	$1.851M (+17.6%)	0.9%	$167.22	—	COM	571903202
SBUX	Starbucks	13,742 (+7.5%)	$1.404M (+22.6%)	0.7%	$58.90	—	COM	855244109
GPC	Genuine Parts	7,162 (+20.1%)	$845K (+34.0%)	0.4%	$73.30	—	COM	372460105
—	Booking Holdings	9,861 (+2039.0%)	$1.758M (-9.4%)	0.9%	$275.38	—	COM	09857l108
CDNS	Cadence Design	1,534 (+7.1%)	$576K (+44.7%)	0.3%	$329.21	—	COM	127387108
CL	Colgate Palmolive	21,657 (+1.7%)	$1.986M (+9.4%)	1.0%	$48.94	—	COM	194162103
—	Constellation Brands	3,622 (+57.4%)	$504K (+46.0%)	0.2%	$175.64	—	COM	21036p108
LMT	Lockheed Martin	1,822 (+2.6%)	$928K (-13.5%)	0.5%	$206.17	—	COM	539830109
PHM	Pulte Corp	3,337 (+2.9%)	$458K (+20.1%)	0.2%	$98.22	—	COM	745867101
BP	BP	6,520 (+10.0%)	$241K (-13.5%)	0.1%	$35.24	—	COM	055622104
MDLZ	Mondelez International	5,230 (+7.6%)	$303K (+8.0%)	0.1%	$51.11	—	COM	609207105
—	Mastercard	889 (+1.9%)	$457K (+4.8%)	0.2%	$227.24	—	COM	57636q104
ROP	Roper Technologies	2,674 (+6.2%)	$905K (+1.5%)	0.4%	$150.37	—	COM	776696106

Exited Positions (5)

HON Honeywell 0.7%

Value $1.335M Shares 5,905 Est. Cost $64.54 Unrealized —

— Apache Corp. 0.2%

Value $357K Shares 8,406 Est. Cost $24.54 Unrealized —

— AT&T 0.1%

Value $271K Shares 9,362 Est. Cost $22.01 Unrealized —

— Duke Energy 0.1%

Value $261K Shares 1,994 Est. Cost $115.64 Unrealized —

— GSK PLC 0.1%

Value $219K Shares 3,971 Est. Cost $49.04 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HON	Honeywell	5,905	$1.335M	0.7%	$64.54	—	—	438516106
—	Apache Corp.	8,406	$357K	0.2%	$24.54	—	—	037411105
—	AT&T	9,362	$271K	0.1%	$22.01	—	—	00206r102
—	Duke Energy	1,994	$261K	0.1%	$115.64	—	—	26441c204
—	GSK PLC	3,971	$219K	0.1%	$49.04	—	—	37733W105

Decreased Positions (112)

AMD Advanced Micro 2.2%

Value $4.58M (+130.7%) Shares 7,884 (-19.2%) Est. Cost $57.93 Unrealized —

LRCX Lam Research 3.0%

Value $6.216M (+53.6%) Shares 14,345 (-24.2%) Est. Cost $76.64 Unrealized —

TSCO Tractor Supply Co. 0.1%

Value $273K (-81.1%) Shares 8,634 (-72.9%) Est. Cost $51.38 Unrealized —

APH Amphenol 2.1%

Value $4.22M (+26.0%) Shares 23,932 (-9.7%) Est. Cost $38.42 Unrealized —

CAT Caterpillar 1.8%

Value $3.635M (+27.0%) Shares 3,413 (-15.5%) Est. Cost $210.57 Unrealized —

XOM ExxonMobil 1.0%

Value $2.037M (-27.3%) Shares 14,901 (-9.8%) Est. Cost $65.05 Unrealized —

CVX Chevron Corp. 1.0%

Value $2.123M (-26.1%) Shares 12,806 (-7.7%) Est. Cost $91.16 Unrealized —

— Netflix 0.8%

Value $1.621M (-30.1%) Shares 22,710 (-5.8%) Est. Cost $140.68 Unrealized —

INTU Intuit 0.3%

Value $525K (-55.3%) Shares 2,011 (-26.0%) Est. Cost $111.58 Unrealized —

NOC Northrop Grumman 0.7%

Value $1.44M (-31.0%) Shares 2,827 (-7.5%) Est. Cost $140.13 Unrealized —

WMT Walmart 1.7%

Value $3.562M (-13.9%) Shares 31,449 (-5.6%) Est. Cost $44.98 Unrealized —

TXN Texas Instruments 0.9%

Value $1.773M (+47.7%) Shares 5,949 (-3.8%) Est. Cost $33.14 Unrealized —

CTSH Cognizant Tech 0.3%

Value $586K (-48.4%) Shares 15,141 (-18.3%) Est. Cost $43.59 Unrealized —

CSCO Cisco Systems 1.4%

Value $2.767M (+24.0%) Shares 23,554 (-18.1%) Est. Cost $20.57 Unrealized —

GWW W.W. Grainger 1.7%

Value $3.367M (+16.3%) Shares 2,475 (-6.8%) Est. Cost $188.99 Unrealized —

COST Costco 1.5%

Value $3.109M (-12.6%) Shares 3,323 (-6.9%) Est. Cost $88.24 Unrealized —

NKE Nike 0.1%

Value $241K (-64.6%) Shares 5,867 (-54.4%) Est. Cost $58.57 Unrealized —

COR Cencora 1.2%

Value $2.363M (-15.6%) Shares 8,352 (-6.3%) Est. Cost $96.19 Unrealized —

GILD Gilead Sciences 0.2%

Value $446K (-47.8%) Shares 3,532 (-42.4%) Est. Cost $138.38 Unrealized —

PEP PepsiCo 0.9%

Value $1.917M (-16.1%) Shares 14,156 (-3.8%) Est. Cost $69.42 Unrealized —

ADI Analog Devices 1.7%

Value $3.495M (+11.0%) Shares 8,801 (-11.1%) Est. Cost $106.30 Unrealized —

MCD McDonalds 0.9%

Value $1.848M (-15.7%) Shares 6,838 (-3.0%) Est. Cost $97.11 Unrealized —

ADSK Autodesk 0.2%

Value $471K (-41.4%) Shares 2,424 (-27.8%) Est. Cost $220.70 Unrealized —

— Broadcom 1.5%

Value $3.043M (+11.4%) Shares 8,055 (-8.7%) Est. Cost $253.73 Unrealized —

IDXX IDEXX Laboratories 0.7%

Value $1.332M (-18.9%) Shares 2,531 (-13.4%) Est. Cost $228.79 Unrealized —

— Alphabet Class A 1.5%

Value $3.13M (+10.8%) Shares 8,759 (-10.8%) Est. Cost $130.33 Unrealized —

ABT Abbott Laboratories 0.6%

Value $1.163M (-19.8%) Shares 12,821 (-9.2%) Est. Cost $39.41 Unrealized —

CLX Clorox 0.2%

Value $476K (-36.8%) Shares 4,992 (-31.4%) Est. Cost $110.01 Unrealized —

SYK Stryker 1.1%

Value $2.304M (-10.0%) Shares 7,318 (-6.1%) Est. Cost $58.86 Unrealized —

BMY Bristol-Myers Squibb 0.5%

Value $1.056M (-18.7%) Shares 18,330 (-14.5%) Est. Cost $47.54 Unrealized —

HP Helmerich & Payne 0.2%

Value $325K (-42.5%) Shares 9,920 (-36.7%) Est. Cost $18.33 Unrealized —

— Globe Life 0.5%

Value $1.114M (+26.6%) Shares 6,232 (-1.4%) Est. Cost $110.57 Unrealized —

NVDA Nvidia 3.3%

Value $6.694M (+3.5%) Shares 33,456 (-9.8%) Est. Cost $92.36 Unrealized —

MS Morgan Stanley 0.6%

Value $1.151M (+22.2%) Shares 5,507 (-3.8%) Est. Cost $67.57 Unrealized —

AMZN Amazon.com 1.6%

Value $3.265M (+6.8%) Shares 13,697 (-6.7%) Est. Cost $118.08 Unrealized —

— NextEra Energy 0.8%

Value $1.708M (-10.4%) Shares 19,462 (-5.2%) Est. Cost $74.43 Unrealized —

AVY Avery Dennison 0.5%

Value $1.08M (-15.4%) Shares 6,654 (-10.1%) Est. Cost $86.52 Unrealized —

— Accenture plc 0.1%

Value $249K (-43.6%) Shares 2,000 (-10.1%) Est. Cost $324.99 Unrealized —

— Alphabet Class C 0.8%

Value $1.701M (+12.5%) Shares 4,813 (-8.6%) Est. Cost $127.15 Unrealized —

VZ Verizon 0.3%

Value $516K (-25.8%) Shares 12,190 (-12.0%) Est. Cost $31.97 Unrealized —

— Visa 1.3%

Value $2.662M (+7.2%) Shares 7,758 (-5.5%) Est. Cost $99.57 Unrealized —

— Adobe Systems 0.1%

Value $249K (-41.7%) Shares 1,216 (-30.8%) Est. Cost $467.43 Unrealized —

AAPL Apple 1.8%

Value $3.634M (+4.9%) Shares 12,560 (-8.0%) Est. Cost $77.97 Unrealized —

CVS CVS Health 0.5%

Value $949K (+21.7%) Shares 9,175 (-15.5%) Est. Cost $54.36 Unrealized —

EXPD Expeditors Int'l 1.3%

Value $2.683M (+6.4%) Shares 16,461 (-6.5%) Est. Cost $67.58 Unrealized —

ORLY O'Reilly Auto 1.2%

Value $2.407M (-6.3%) Shares 26,139 (-6.1%) Est. Cost $85.61 Unrealized —

— RTX Corp. 0.9%

Value $1.796M (-7.8%) Shares 9,467 (-6.2%) Est. Cost $89.95 Unrealized —

AVT Avnet 0.3%

Value $610K (+32.7%) Shares 6,867 (-7.9%) Est. Cost $48.81 Unrealized —

— ITT Corporation 0.2%

Value $484K (-23.1%) Shares 2,446 (-25.9%) Est. Cost $68.11 Unrealized —

— ConocoPhillips 0.2%

Value $459K (-22.6%) Shares 4,414 (-1.7%) Est. Cost $91.33 Unrealized —

MSFT Microsoft 1.0%

Value $2.041M (-6.1%) Shares 5,471 (-6.8%) Est. Cost $26.70 Unrealized —

GIS General Mills 0.1%

Value $280K (-32.1%) Shares 8,049 (-27.3%) Est. Cost $45.34 Unrealized —

ADP Automatic Data Processing 0.9%

Value $1.8M (+7.9%) Shares 8,038 (-2.1%) Est. Cost $62.09 Unrealized —

— Oracle Corp. 1.0%

Value $1.984M (-6.1%) Shares 13,538 (-5.7%) Est. Cost $31.85 Unrealized —

ELV Elevance 0.3%

Value $561K (+29.4%) Shares 1,450 (-2.0%) Est. Cost $362.73 Unrealized —

— D.R. Horton 0.7%

Value $1.489M (+9.3%) Shares 9,142 (-7.9%) Est. Cost $42.01 Unrealized —

AXP American Express 1.4%

Value $2.83M (+4.6%) Shares 8,367 (-6.5%) Est. Cost $60.88 Unrealized —

FISV Fiserv 0.2%

Value $375K (-24.6%) Shares 7,643 (-14.2%) Est. Cost $50.32 Unrealized —

AMGN Amgen 1.2%

Value $2.545M (-4.5%) Shares 7,028 (-7.2%) Est. Cost $83.82 Unrealized —

— Goldman Sachs Group 0.7%

Value $1.467M (+8.6%) Shares 1,451 (-9.2%) Est. Cost $521.20 Unrealized —

SHW Sherwin-Williams 1.0%

Value $2.115M (+5.7%) Shares 6,142 (-1.6%) Est. Cost $198.20 Unrealized —

APD Air Products & Chem. 0.9%

Value $1.88M (-5.7%) Shares 6,414 (-6.5%) Est. Cost $129.05 Unrealized —

DHR Danaher 0.6%

Value $1.202M (-8.6%) Shares 6,310 (-9.0%) Est. Cost $57.36 Unrealized —

PCAR PACCAR Inc. 0.4%

Value $813K (-12.0%) Shares 6,768 (-15.4%) Est. Cost $61.32 Unrealized —

— AbbVie 1.0%

Value $2.126M (+5.5%) Shares 8,449 (-8.8%) Est. Cost $106.79 Unrealized —

JNJ Johnson & Johnson 1.1%

Value $2.274M (-4.6%) Shares 8,955 (-8.2%) Est. Cost $68.50 Unrealized —

JPM J.P. Morgan Chase 1.7%

Value $3.476M (+3.2%) Shares 10,618 (-7.2%) Est. Cost $46.72 Unrealized —

DIS Walt Disney 0.4%

Value $894K (-10.8%) Shares 9,288 (-10.7%) Est. Cost $71.57 Unrealized —

CTAS Cintas 0.6%

Value $1.289M (-7.6%) Shares 7,579 (-8.1%) Est. Cost $157.31 Unrealized —

TMO Thermo Fisher Scientific 1.0%

Value $2.032M (-4.6%) Shares 4,052 (-6.4%) Est. Cost $80.23 Unrealized —

CSL Carlisle 1.0%

Value $2.044M (+4.7%) Shares 5,636 (-3.7%) Est. Cost $70.89 Unrealized —

META Meta Platforms 0.6%

Value $1.182M (-6.7%) Shares 2,099 (-5.2%) Est. Cost $161.51 Unrealized —

PFE Pfizer 0.1%

Value $220K (-27.6%) Shares 9,119 (-15.6%) Est. Cost $24.35 Unrealized —

DE Deere 0.5%

Value $922K (+9.7%) Shares 1,453 (-2.5%) Est. Cost $126.46 Unrealized —

FITB Fifth Third Bancorp 0.3%

Value $580K (+16.0%) Shares 10,289 (-4.4%) Est. Cost $29.33 Unrealized —

EMR Emerson Electric 1.3%

Value $2.638M (+3.1%) Shares 18,425 (-5.6%) Est. Cost $45.63 Unrealized —

— Salesforce 0.1%

Value $242K (-24.6%) Shares 1,547 (-10.2%) Est. Cost $224.85 Unrealized —

SJM J.M. Smucker 0.3%

Value $639K (-10.8%) Shares 5,681 (-23.5%) Est. Cost $100.00 Unrealized —

BDX Becton Dickinson 0.3%

Value $641K (-10.1%) Shares 4,233 (-6.6%) Est. Cost $117.51 Unrealized —

DOV Dover 0.8%

Value $1.715M (+4.2%) Shares 7,648 (-3.1%) Est. Cost $48.69 Unrealized —

— Freeport-McMoRan 0.5%

Value $1.112M (+5.7%) Shares 17,682 (-1.2%) Est. Cost $41.19 Unrealized —

CI Cigna 0.5%

Value $1.086M (-5.2%) Shares 3,940 (-8.3%) Est. Cost $260.67 Unrealized —

HD Home Depot 0.6%

Value $1.321M (+4.6%) Shares 3,747 (-2.4%) Est. Cost $92.72 Unrealized —

WAT Waters Corp. 0.3%

Value $538K (+11.5%) Shares 1,434 (-11.5%) Est. Cost $333.52 Unrealized —

DLTR Dollar Tree 0.4%

Value $754K (+7.4%) Shares 6,231 (-2.7%) Est. Cost $108.08 Unrealized —

EW Edwards Lifesciences 0.6%

Value $1.247M (+4.1%) Shares 13,789 (-7.8%) Est. Cost $60.19 Unrealized —

PPG PPG Industries 0.2%

Value $495K (+10.5%) Shares 4,081 (-2.6%) Est. Cost $100.11 Unrealized —

CHD Church & Dwight 1.0%

Value $2.108M (-2.1%) Shares 21,762 (-5.7%) Est. Cost $36.85 Unrealized —

TOL Toll Brothers 0.1%

Value $287K (+16.3%) Shares 1,745 (-3.7%) Est. Cost $103.77 Unrealized —

SNA Snap-on 1.0%

Value $2.092M (+1.9%) Shares 5,198 (-8.0%) Est. Cost $180.90 Unrealized —

ITW Illinois Tool Works 1.2%

Value $2.43M (-1.5%) Shares 8,986 (-5.2%) Est. Cost $55.95 Unrealized —

PG Procter & Gamble 1.0%

Value $2.078M (-1.6%) Shares 14,170 (-3.1%) Est. Cost $61.39 Unrealized —

RIO Rio Tinto Group 0.2%

Value $339K (-9.2%) Shares 3,568 (-10.7%) Est. Cost $63.22 Unrealized —

ADM Archer Daniels Midland 0.3%

Value $612K (-5.0%) Shares 8,004 (-9.6%) Est. Cost $56.89 Unrealized —

BALL Ball Corp. 0.5%

Value $1M (-2.8%) Shares 16,031 (-7.9%) Est. Cost $32.48 Unrealized —

LNC Lincoln National Corp. 0.1%

Value $206K (-12.0%) Shares 5,828 (-11.7%) Est. Cost $25.09 Unrealized —

MRSH Marsh & McLennan 0.2%

Value $336K (-7.6%) Shares 2,016 (-3.8%) Est. Cost $152.75 Unrealized —

KMB Kimberly Clark 0.3%

Value $527K (-4.7%) Shares 4,802 (-16.3%) Est. Cost $103.03 Unrealized —

IBM IBM 0.4%

Value $820K (+2.8%) Shares 2,916 (-11.4%) Est. Cost $199.04 Unrealized —

— Truist Financial 0.3%

Value $551K (+3.9%) Shares 11,057 (-4.1%) Est. Cost $41.45 Unrealized —

VMC Vulcan Materials 0.7%

Value $1.484M (-1.2%) Shares 5,031 (-8.8%) Est. Cost $143.61 Unrealized —

PAYX Paychex 0.1%

Value $220K (-7.3%) Shares 2,236 (-13.1%) Est. Cost $101.98 Unrealized —

DCI Donaldson 0.6%

Value $1.241M (+1.4%) Shares 13,820 (-4.1%) Est. Cost $48.78 Unrealized —

— Merck 0.2%

Value $498K (+3.1%) Shares 3,872 (-3.5%) Est. Cost $83.44 Unrealized —

— Valero Energy Corp 0.5%

Value $1.046M (-1.4%) Shares 4,018 (-6.4%) Est. Cost $78.33 Unrealized —

CCK Crown Holdings 0.1%

Value $293K (+5.1%) Shares 2,621 (-5.8%) Est. Cost $97.34 Unrealized —

MTD Mettler-Toledo Int'l 0.3%

Value $714K (-1.7%) Shares 559 (-3.0%) Est. Cost $1067.18 Unrealized —

FDS Factset Research 0.2%

Value $505K (-2.1%) Shares 2,194 (-7.7%) Est. Cost $168.74 Unrealized —

ECL Ecolab 1.0%

Value $1.981M (-0.4%) Shares 7,109 (-4.9%) Est. Cost $77.69 Unrealized —

FAST Fastenal Co. 1.1%

Value $2.196M (+0.2%) Shares 45,729 (-3.2%) Est. Cost $26.84 Unrealized —

HUBB Hubbell 1.2%

Value $2.373M (+0.1%) Shares 4,536 (-6.1%) Est. Cost $407.53 Unrealized —

AFL AFLAC 1.3%

Value $2.669M (+0.0%) Shares 22,767 (-6.4%) Est. Cost $28.81 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMD	Advanced Micro	7,884 (-19.2%)	$4.58M (+130.7%)	2.2%	$57.93	—	COM	007903107
LRCX	Lam Research	14,345 (-24.2%)	$6.216M (+53.6%)	3.0%	$76.64	—	COM	512807306
TSCO	Tractor Supply Co.	8,634 (-72.9%)	$273K (-81.1%)	0.1%	$51.38	—	COM	892356106
APH	Amphenol	23,932 (-9.7%)	$4.22M (+26.0%)	2.1%	$38.42	—	COM	032095101
CAT	Caterpillar	3,413 (-15.5%)	$3.635M (+27.0%)	1.8%	$210.57	—	COM	149123101
XOM	ExxonMobil	14,901 (-9.8%)	$2.037M (-27.3%)	1.0%	$65.05	—	COM	30231G102
CVX	Chevron Corp.	12,806 (-7.7%)	$2.123M (-26.1%)	1.0%	$91.16	—	COM	166764100
—	Netflix	22,710 (-5.8%)	$1.621M (-30.1%)	0.8%	$140.68	—	COM	64110l106
INTU	Intuit	2,011 (-26.0%)	$525K (-55.3%)	0.3%	$111.58	—	COM	461202103
NOC	Northrop Grumman	2,827 (-7.5%)	$1.44M (-31.0%)	0.7%	$140.13	—	COM	666807102
WMT	Walmart	31,449 (-5.6%)	$3.562M (-13.9%)	1.7%	$44.98	—	COM	931142103
TXN	Texas Instruments	5,949 (-3.8%)	$1.773M (+47.7%)	0.9%	$33.14	—	COM	882508104
CTSH	Cognizant Tech	15,141 (-18.3%)	$586K (-48.4%)	0.3%	$43.59	—	COM	192446102
CSCO	Cisco Systems	23,554 (-18.1%)	$2.767M (+24.0%)	1.4%	$20.57	—	COM	17275R102
GWW	W.W. Grainger	2,475 (-6.8%)	$3.367M (+16.3%)	1.7%	$188.99	—	COM	384802104
COST	Costco	3,323 (-6.9%)	$3.109M (-12.6%)	1.5%	$88.24	—	COM	22160K105
NKE	Nike	5,867 (-54.4%)	$241K (-64.6%)	0.1%	$58.57	—	COM	654106103
COR	Cencora	8,352 (-6.3%)	$2.363M (-15.6%)	1.2%	$96.19	—	COM	03073E105
GILD	Gilead Sciences	3,532 (-42.4%)	$446K (-47.8%)	0.2%	$138.38	—	COM	375558103
PEP	PepsiCo	14,156 (-3.8%)	$1.917M (-16.1%)	0.9%	$69.42	—	COM	713448108
ADI	Analog Devices	8,801 (-11.1%)	$3.495M (+11.0%)	1.7%	$106.30	—	COM	032654105
MCD	McDonalds	6,838 (-3.0%)	$1.848M (-15.7%)	0.9%	$97.11	—	COM	580135101
ADSK	Autodesk	2,424 (-27.8%)	$471K (-41.4%)	0.2%	$220.70	—	COM	052769106
—	Broadcom	8,055 (-8.7%)	$3.043M (+11.4%)	1.5%	$253.73	—	COM	11135f101
IDXX	IDEXX Laboratories	2,531 (-13.4%)	$1.332M (-18.9%)	0.7%	$228.79	—	COM	45168D104
—	Alphabet Class A	8,759 (-10.8%)	$3.13M (+10.8%)	1.5%	$130.33	—	COM	02079k305
ABT	Abbott Laboratories	12,821 (-9.2%)	$1.163M (-19.8%)	0.6%	$39.41	—	COM	002824100
CLX	Clorox	4,992 (-31.4%)	$476K (-36.8%)	0.2%	$110.01	—	COM	189054109
SYK	Stryker	7,318 (-6.1%)	$2.304M (-10.0%)	1.1%	$58.86	—	COM	863667101
BMY	Bristol-Myers Squibb	18,330 (-14.5%)	$1.056M (-18.7%)	0.5%	$47.54	—	COM	110122108
HP	Helmerich & Payne	9,920 (-36.7%)	$325K (-42.5%)	0.2%	$18.33	—	COM	423452101
—	Globe Life	6,232 (-1.4%)	$1.114M (+26.6%)	0.5%	$110.57	—	COM	37959e102
NVDA	Nvidia	33,456 (-9.8%)	$6.694M (+3.5%)	3.3%	$92.36	—	COM	67066G104
MS	Morgan Stanley	5,507 (-3.8%)	$1.151M (+22.2%)	0.6%	$67.57	—	COM	617446448
AMZN	Amazon.com	13,697 (-6.7%)	$3.265M (+6.8%)	1.6%	$118.08	—	COM	023135106
—	NextEra Energy	19,462 (-5.2%)	$1.708M (-10.4%)	0.8%	$74.43	—	COM	65339f101
AVY	Avery Dennison	6,654 (-10.1%)	$1.08M (-15.4%)	0.5%	$86.52	—	COM	053611109
—	Accenture plc	2,000 (-10.1%)	$249K (-43.6%)	0.1%	$324.99	—	COM	g1151c101
—	Alphabet Class C	4,813 (-8.6%)	$1.701M (+12.5%)	0.8%	$127.15	—	COM	02079k107
VZ	Verizon	12,190 (-12.0%)	$516K (-25.8%)	0.3%	$31.97	—	COM	92343V104
—	Visa	7,758 (-5.5%)	$2.662M (+7.2%)	1.3%	$99.57	—	COM	92826c839
—	Adobe Systems	1,216 (-30.8%)	$249K (-41.7%)	0.1%	$467.43	—	COM	00724f101
AAPL	Apple	12,560 (-8.0%)	$3.634M (+4.9%)	1.8%	$77.97	—	COM	037833100
CVS	CVS Health	9,175 (-15.5%)	$949K (+21.7%)	0.5%	$54.36	—	COM	126650100
EXPD	Expeditors Int'l	16,461 (-6.5%)	$2.683M (+6.4%)	1.3%	$67.58	—	COM	302130109
ORLY	O'Reilly Auto	26,139 (-6.1%)	$2.407M (-6.3%)	1.2%	$85.61	—	COM	67103H107
—	RTX Corp.	9,467 (-6.2%)	$1.796M (-7.8%)	0.9%	$89.95	—	COM	75513e101
AVT	Avnet	6,867 (-7.9%)	$610K (+32.7%)	0.3%	$48.81	—	COM	053807103
—	ITT Corporation	2,446 (-25.9%)	$484K (-23.1%)	0.2%	$68.11	—	COM	45073v108
—	ConocoPhillips	4,414 (-1.7%)	$459K (-22.6%)	0.2%	$91.33	—	COM	20825c104
MSFT	Microsoft	5,471 (-6.8%)	$2.041M (-6.1%)	1.0%	$26.70	—	COM	594918104
GIS	General Mills	8,049 (-27.3%)	$280K (-32.1%)	0.1%	$45.34	—	COM	370334104
ADP	Automatic Data Processing	8,038 (-2.1%)	$1.8M (+7.9%)	0.9%	$62.09	—	COM	053015103
—	Oracle Corp.	13,538 (-5.7%)	$1.984M (-6.1%)	1.0%	$31.85	—	COM	68389x105
ELV	Elevance	1,450 (-2.0%)	$561K (+29.4%)	0.3%	$362.73	—	COM	036752103
—	D.R. Horton	9,142 (-7.9%)	$1.489M (+9.3%)	0.7%	$42.01	—	COM	23331a109
AXP	American Express	8,367 (-6.5%)	$2.83M (+4.6%)	1.4%	$60.88	—	COM	025816109
FISV	Fiserv	7,643 (-14.2%)	$375K (-24.6%)	0.2%	$50.32	—	COM	337738108
AMGN	Amgen	7,028 (-7.2%)	$2.545M (-4.5%)	1.2%	$83.82	—	COM	031162100
—	Goldman Sachs Group	1,451 (-9.2%)	$1.467M (+8.6%)	0.7%	$521.20	—	COM	38141g104
SHW	Sherwin-Williams	6,142 (-1.6%)	$2.115M (+5.7%)	1.0%	$198.20	—	COM	824348106
APD	Air Products & Chem.	6,414 (-6.5%)	$1.88M (-5.7%)	0.9%	$129.05	—	COM	009158106
DHR	Danaher	6,310 (-9.0%)	$1.202M (-8.6%)	0.6%	$57.36	—	COM	235851102
PCAR	PACCAR Inc.	6,768 (-15.4%)	$813K (-12.0%)	0.4%	$61.32	—	COM	693718108
—	AbbVie	8,449 (-8.8%)	$2.126M (+5.5%)	1.0%	$106.79	—	COM	00287y109
JNJ	Johnson & Johnson	8,955 (-8.2%)	$2.274M (-4.6%)	1.1%	$68.50	—	COM	478160104
JPM	J.P. Morgan Chase	10,618 (-7.2%)	$3.476M (+3.2%)	1.7%	$46.72	—	COM	46625H100
DIS	Walt Disney	9,288 (-10.7%)	$894K (-10.8%)	0.4%	$71.57	—	COM	254687106
CTAS	Cintas	7,579 (-8.1%)	$1.289M (-7.6%)	0.6%	$157.31	—	COM	172908105
TMO	Thermo Fisher Scientific	4,052 (-6.4%)	$2.032M (-4.6%)	1.0%	$80.23	—	COM	883556102
CSL	Carlisle	5,636 (-3.7%)	$2.044M (+4.7%)	1.0%	$70.89	—	COM	142339100
META	Meta Platforms	2,099 (-5.2%)	$1.182M (-6.7%)	0.6%	$161.51	—	COM	30303M102
PFE	Pfizer	9,119 (-15.6%)	$220K (-27.6%)	0.1%	$24.35	—	COM	717081103
DE	Deere	1,453 (-2.5%)	$922K (+9.7%)	0.5%	$126.46	—	COM	244199105
FITB	Fifth Third Bancorp	10,289 (-4.4%)	$580K (+16.0%)	0.3%	$29.33	—	COM	316773100
EMR	Emerson Electric	18,425 (-5.6%)	$2.638M (+3.1%)	1.3%	$45.63	—	COM	291011104
—	Salesforce	1,547 (-10.2%)	$242K (-24.6%)	0.1%	$224.85	—	COM	79466l302
SJM	J.M. Smucker	5,681 (-23.5%)	$639K (-10.8%)	0.3%	$100.00	—	COM	832696405
BDX	Becton Dickinson	4,233 (-6.6%)	$641K (-10.1%)	0.3%	$117.51	—	COM	075887109
DOV	Dover	7,648 (-3.1%)	$1.715M (+4.2%)	0.8%	$48.69	—	COM	260003108
—	Freeport-McMoRan	17,682 (-1.2%)	$1.112M (+5.7%)	0.5%	$41.19	—	COM	35671d857
CI	Cigna	3,940 (-8.3%)	$1.086M (-5.2%)	0.5%	$260.67	—	COM	125523100
HD	Home Depot	3,747 (-2.4%)	$1.321M (+4.6%)	0.6%	$92.72	—	COM	437076102
WAT	Waters Corp.	1,434 (-11.5%)	$538K (+11.5%)	0.3%	$333.52	—	COM	941848103
DLTR	Dollar Tree	6,231 (-2.7%)	$754K (+7.4%)	0.4%	$108.08	—	COM	256746108
EW	Edwards Lifesciences	13,789 (-7.8%)	$1.247M (+4.1%)	0.6%	$60.19	—	COM	28176E108
PPG	PPG Industries	4,081 (-2.6%)	$495K (+10.5%)	0.2%	$100.11	—	COM	693506107
CHD	Church & Dwight	21,762 (-5.7%)	$2.108M (-2.1%)	1.0%	$36.85	—	COM	171340102
TOL	Toll Brothers	1,745 (-3.7%)	$287K (+16.3%)	0.1%	$103.77	—	COM	889478103
SNA	Snap-on	5,198 (-8.0%)	$2.092M (+1.9%)	1.0%	$180.90	—	COM	833034101
ITW	Illinois Tool Works	8,986 (-5.2%)	$2.43M (-1.5%)	1.2%	$55.95	—	COM	452308109
PG	Procter & Gamble	14,170 (-3.1%)	$2.078M (-1.6%)	1.0%	$61.39	—	COM	742718109
RIO	Rio Tinto Group	3,568 (-10.7%)	$339K (-9.2%)	0.2%	$63.22	—	COM	767204100
ADM	Archer Daniels Midland	8,004 (-9.6%)	$612K (-5.0%)	0.3%	$56.89	—	COM	039483102
BALL	Ball Corp.	16,031 (-7.9%)	$1M (-2.8%)	0.5%	$32.48	—	COM	058498106
LNC	Lincoln National Corp.	5,828 (-11.7%)	$206K (-12.0%)	0.1%	$25.09	—	COM	534187109
MRSH	Marsh & McLennan	2,016 (-3.8%)	$336K (-7.6%)	0.2%	$152.75	—	COM	571748102
KMB	Kimberly Clark	4,802 (-16.3%)	$527K (-4.7%)	0.3%	$103.03	—	COM	494368103
IBM	IBM	2,916 (-11.4%)	$820K (+2.8%)	0.4%	$199.04	—	COM	459200101
—	Truist Financial	11,057 (-4.1%)	$551K (+3.9%)	0.3%	$41.45	—	COM	89832q109
VMC	Vulcan Materials	5,031 (-8.8%)	$1.484M (-1.2%)	0.7%	$143.61	—	COM	929160109
PAYX	Paychex	2,236 (-13.1%)	$220K (-7.3%)	0.1%	$101.98	—	COM	704326107
DCI	Donaldson	13,820 (-4.1%)	$1.241M (+1.4%)	0.6%	$48.78	—	COM	257651109
—	Merck	3,872 (-3.5%)	$498K (+3.1%)	0.2%	$83.44	—	COM	58933y105
—	Valero Energy Corp	4,018 (-6.4%)	$1.046M (-1.4%)	0.5%	$78.33	—	COM	91913y100
CCK	Crown Holdings	2,621 (-5.8%)	$293K (+5.1%)	0.1%	$97.34	—	COM	228368106
MTD	Mettler-Toledo Int'l	559 (-3.0%)	$714K (-1.7%)	0.3%	$1067.18	—	COM	592688105
FDS	Factset Research	2,194 (-7.7%)	$505K (-2.1%)	0.2%	$168.74	—	COM	303075105
ECL	Ecolab	7,109 (-4.9%)	$1.981M (-0.4%)	1.0%	$77.69	—	COM	278865100
FAST	Fastenal Co.	45,729 (-3.2%)	$2.196M (+0.2%)	1.1%	$26.84	—	COM	311900104
HUBB	Hubbell	4,536 (-6.1%)	$2.373M (+0.1%)	1.2%	$407.53	—	COM	443510607
AFL	AFLAC	22,767 (-6.4%)	$2.669M (+0.0%)	1.3%	$28.81	—	COM	001055102

Unchanged Positions (7)

UNH UnitedHealth Group 0.3%

Value $694K Shares 1,669 Est. Cost $164.29 Unrealized —

SHEL Shell 0.3%

Value $631K Shares 8,141 Est. Cost $67.35 Unrealized —

— EOG Resources 0.4%

Value $870K Shares 6,706 Est. Cost $74.44 Unrealized —

— Check Point Software 0.3%

Value $574K Shares 4,370 Est. Cost $107.97 Unrealized —

GGG Graco Inc. 0.1%

Value $236K Shares 3,120 Est. Cost $62.71 Unrealized —

— Quest Diagnostics 0.2%

Value $326K Shares 1,539 Est. Cost $115.10 Unrealized —

— CBRE Group 0.5%

Value $1.005M Shares 7,460 Est. Cost $74.43 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	UnitedHealth Group	1,669	$694K	0.3%	$164.29	—	COM	91324P102
SHEL	Shell	8,141	$631K	0.3%	$67.35	—	COM	780259305
—	EOG Resources	6,706	$870K	0.4%	$74.44	—	COM	26875p101
—	Check Point Software	4,370	$574K	0.3%	$107.97	—	COM	m22465104
GGG	Graco Inc.	3,120	$236K	0.1%	$62.71	—	COM	384109104
—	Quest Diagnostics	1,539	$326K	0.2%	$115.10	—	COM	74834l100
—	CBRE Group	7,460	$1.005M	0.5%	$74.43	—	COM	12504l109