D L Carlson Investment 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AEHR test Systems	COM	00760J108	7,026	226,508	SH		SOLE		67,596	0	158,912
Abbott Labs	COM	002824100	299	2,956	SH		SOLE		487	0	2,469
Accenture PLC	COM	g1151c101	977	3,419	SH		SOLE		680	0	2,739
Adobe Systems	COM	00724F101	1,440	3,737	SH		SOLE		886	0	2,851
Advncd Micro Devices Inc	COM	007903107	836	8,532	SH		SOLE		2,888	0	5,644
Albemarle Corp.	COM	012653101	2,754	12,458	SH		SOLE		2,054	0	10,404
Alibaba Group Hldg.	COM	01609w102	3,214	31,452	SH		SOLE		4,652	0	26,800
Alliant Energy Corp	COM	018802108	1,039	19,461	SH		SOLE		4,000	0	15,461
Alphabet, Inc. Class A	COM	02079K305	11,691	112,702	SH		SOLE		29,365	0	83,337
Alphabet, Inc. Class C	COM	02079K107	1,059	10,181	SH		SOLE		1,414	0	8,767
Altria Group Inc	COM	02209s103	810	18,163	SH		SOLE		5,373	0	12,790
Amazon.com	COM	023135106	11,671	112,996	SH		SOLE		31,239	0	81,757
American Tower Corp	COM	03027x100	4,648	22,748	SH		SOLE		6,354	0	16,394
Amgen	COM	031162100	287	1,186	SH		SOLE		0	0	1,186
Analog Devices Inc.	COM	032654105	301	1,527	SH		SOLE		263	0	1,264
Apple Computer	COM	037833100	25,574	155,087	SH		SOLE		42,496	0	112,591
Applied Materials	COM	038222105	3,491	28,417	SH		SOLE		8,521	0	19,896
Archer Daniels Midld	COM	039483102	3,266	41,003	SH		SOLE		6,662	0	34,341
Ares Capital Corp.	COM	04010l103	775	42,404	SH		SOLE		8,810	0	33,594
BCE Inc.	COM	05534b760	454	10,135	SH		SOLE		615	0	9,520
Bank of America	COM	060505104	3,703	129,464	SH		SOLE		39,257	0	90,207
Bank of NY Mellon	COM	064058100	2,750	60,514	SH		SOLE		19,958	0	40,556
Berkshire Hathaway CL B New	COM	084670702	13,083	42,372	SH		SOLE		11,166	0	31,206
Boeing Co	COM	097023105	5,462	25,714	SH		SOLE		7,765	0	17,949
Bristol Myers	COM	110122108	4,877	70,366	SH		SOLE		18,819	0	51,547
Brown-Forman Cl B	COM	115637209	2,740	42,639	SH		SOLE		12,277	0	30,362
Brunswick Exploration Inc.	COM	117043109	10	15,000	SH		SOLE		0	0	15,000
CVS Health Corp.	COM	126650100	5,001	67,298	SH		SOLE		10,744	0	56,554
Canoo Inc.	COM	13803r102	7	10,000	SH		SOLE		0	0	10,000
Chevron Corp	COM	166764100	605	3,708	SH		SOLE		1,389	0	2,319
Cloudflare INC	COM	18915M107	2,023	32,816	SH		SOLE		10,100	0	22,716
Consumer Staples SPDR	COM	81369y308	2,243	30,023	SH		SOLE		6,735	0	23,288
Dominion Res New	COM	25746u109	1,521	27,202	SH		SOLE		1,835	0	25,367
Dow Chemical	COM	260557103	3,000	54,721	SH		SOLE		17,214	0	37,507
Dynatrace, Inc.	COM	268150109	5,187	122,619	SH		SOLE		37,108	0	85,511
EQT Corp.	COM	26884L109	2,076	65,065	SH		SOLE		20,492	0	44,573
Enbridge Inc.	COM	29250N105	223	5,841	SH		SOLE		1,321	0	4,520
Energy Select Spdr	COM	81369y506	12,885	155,566	SH		SOLE		29,881	0	125,685
Exxon Mobil	COM	30231g102	6,610	60,276	SH		SOLE		16,617	0	43,659
Fidelity MSCI Financials ETF	COM	316092501	285	6,324	SH		SOLE		0	0	6,324
Fidelity MSCI Health Care ETF	COM	316092600	432	7,036	SH		SOLE		0	0	7,036
Fidelity National Financial	COM	31620r303	3,135	89,756	SH		SOLE		15,048	0	74,708
First Solar, Inc.	COM	336433107	6,573	30,220	SH		SOLE		8,812	0	21,408
Fluor corp	COM	343412102	7,155	231,488	SH		SOLE		58,112	0	173,376
Ford Motor Co	COM	345370860	8,517	675,952	SH		SOLE		177,080	0	498,872
Fox Corp	COM	35137L105	2,155	63,278	SH		SOLE		17,460	0	45,818
Freeport McMoRan	COM	35671d857	6,407	156,602	SH		SOLE		43,036	0	113,566
General Electric	COM	369604301	3,324	34,773	SH		SOLE		10,074	0	24,699
Goldmining Inc, Com	COM	38149E101	17	14,000	SH		SOLE		0	0	14,000
Green Energy Renewable	COM	17277D101	0	10,000	SH		SOLE		0	0	10,000
Hallador Energy Company	COM	40609P105	110	12,000	SH		SOLE		0	0	12,000
Henry Schein Inc.	COM	806407102	7,176	88,009	SH		SOLE		24,691	0	63,318
Home Depot Inc.	COM	437076102	3,695	12,520	SH		SOLE		3,575	0	8,945
Honeywell Inc.	COM	438516106	791	4,138	SH		SOLE		837	0	3,301
IShares U.S. Industrials ETF	COM	464287754	1,467	14,642	SH		SOLE		2,170	0	12,472
Intercontinentalexchange	COM	45866f104	2,364	22,670	SH		SOLE		9,031	0	13,639
Intuitive Surgical Inc	COM	46120e602	6,785	26,558	SH		SOLE		8,078	0	18,480
Invesco QQQ Trust	COM	46090e103	367	1,144	SH		SOLE		0	0	1,144
Invesco S&P 500 Equal Weight E	COM	46137v357	1,035	7,154	SH		SOLE		721	0	6,433
Ishares Dow Jones U.S. Healthc	COM	464287762	924	3,383	SH		SOLE		518	0	2,865
JP Morgan Chase	COM	46625H100	7,453	57,192	SH		SOLE		16,747	0	40,445
Johnson & Johnson	COM	478160104	7,870	50,773	SH		SOLE		12,723	0	38,050
Kraft Heinz Co.	COM	500754106	2,361	61,059	SH		SOLE		17,400	0	43,659
Materials Select Sector SPDR	COM	81369y100	1,725	21,389	SH		SOLE		2,545	0	18,844
McDonalds Corp	COM	580135101	617	2,207	SH		SOLE		969	0	1,238
Meta Platforms Inc (was Facebo	COM	30303m102	4,287	20,228	SH		SOLE		5,779	0	14,449
Metallic Minerals Corp.	COM	59126M106	14	50,000	SH		SOLE		0	0	50,000
Microsoft	COM	594918104	22,284	77,293	SH		SOLE		20,548	0	56,745
Morgan Stanley	COM	617446448	5,443	61,995	SH		SOLE		17,043	0	44,952
Netflix	COM	64110l106	3,825	11,071	SH		SOLE		3,067	0	8,004
Newmont Mining	COM	651639106	201	4,100	SH		SOLE		0	0	4,100
Nextera Energy Inc.	COM	65339f101	3,053	39,604	SH		SOLE		4,001	0	35,603
Nextera Energy Partners	COM	65341b106	385	6,342	SH		SOLE		220	0	6,122
Nike Inc. Cl B	COM	654106103	5,338	43,524	SH		SOLE		11,938	0	31,586
Nucor Corp.	COM	670346105	6,216	40,240	SH		SOLE		12,039	0	28,201
ON Semiconductor Corp	COM	682189105	7,614	92,492	SH		SOLE		27,589	0	64,903
Occidental Petroleum	COM	674599105	2,894	46,352	SH		SOLE		14,161	0	32,191
Old Dominion Freight Line, Inc	COM	679580100	391	1,146	SH		SOLE		381	0	765
Paladin Energy Limited	COM	AU000PDN8	26	60,000	SH		SOLE		0	0	60,000
Pantheon Resources Plc.	COM	GB125SX82	24	81,000	SH		SOLE		0	0	81,000
Pepsico Inc.	COM	713448108	793	4,352	SH		SOLE		1,658	0	2,694
Pfizer Inc.	COM	717081103	227	5,571	SH		SOLE		147	0	5,424
Procter Gamble	COM	742718109	3,612	24,290	SH		SOLE		7,139	0	17,151
Quest Diagnostics Inc.	COM	74834l100	1,396	9,868	SH		SOLE		2,010	0	7,858
Raytheon Technologies Corporat	COM	75513e101	4,514	46,096	SH		SOLE		13,345	0	32,751
Repligen Corp.	COM	759916109	1,507	8,949	SH		SOLE		2,256	0	6,693
Roblox Corp.	COM	771049103	3,274	72,792	SH		SOLE		11,125	0	61,667
SPDR Dow Jones Industrial Aver	COM	78467x109	591	1,777	SH		SOLE		0	0	1,777
SPDR S&P 500 ETF Trust	COM	78462f103	2,742	6,699	SH		SOLE		1,036	0	5,663
SPDR S&P Biotech ETF	COM	78464a870	7,891	103,545	SH		SOLE		30,154	0	73,391
SPDR S&P Oil & Gas	COM	78468R556	990	7,759	SH		SOLE		2,258	0	5,501
Salesforce.com Inc	COM	79466L302	2,786	13,946	SH		SOLE		3,803	0	10,143
Santacruz Silver Mining Ltd.	COM	80280U106	17	47,500	SH		SOLE		0	0	47,500
Schlumberger Ltd	COM	806857108	5,354	109,035	SH		SOLE		31,110	0	77,925
Schwab US Broad Market	COM	808524102	20,981	438,476	SH		SOLE		26,411	0	412,065
Schwab US Large Cap Growth ETF	COM	808524300	457	7,011	SH		SOLE		1,470	0	5,541
Sector SPDR Fincl. Select	COM	81369y605	1,359	42,284	SH		SOLE		5,983	0	36,301
Snowflake Inc.	COM	833445109	1,498	9,707	SH		SOLE		884	0	8,823
Southern Company	COM	842587107	2,657	38,188	SH		SOLE		11,550	0	26,638
Spdr S&P Mtl & Mining	COM	78464a755	1,587	29,857	SH		SOLE		1,155	0	28,702
Starbucks	COM	855244109	559	5,373	SH		SOLE		545	0	4,828
Sterling Metals Corp.	COM	85941M104	6	47,500	SH		SOLE		0	0	47,500
Target Corp	COM	87612e106	988	5,968	SH		SOLE		1,000	0	4,968
Technology Select Sect SPDR	COM	81369y803	305	2,023	SH		SOLE		45	0	1,978
Texas Instruments	COM	882508104	6,281	33,769	SH		SOLE		9,956	0	23,813
Toll Brothers, Inc.	COM	889478103	5,974	99,511	SH		SOLE		27,795	0	71,716
Travelers Companies	COM	89417e109	283	1,652	SH		SOLE		900	0	752
US Bancorp	COM	902973304	206	5,725	SH		SOLE		2,100	0	3,625
Union Pacific Corp.	COM	907818108	388	1,926	SH		SOLE		231	0	1,695
United Health Group Inc.	COM	91324p102	7,272	15,387	SH		SOLE		4,400	0	10,987
United Parcel Svc Cl B	COM	911312106	6,164	31,773	SH		SOLE		7,730	0	24,043
United Rentals Inc	COM	911363109	3,045	7,695	SH		SOLE		2,175	0	5,520
Unity Software, Inc.	COM	91332u101	2,362	72,825	SH		SOLE		21,240	0	51,585
Uranium Energy Corp	COM	916896103	29	10,000	SH		SOLE		0	0	10,000
Utilities Select Sector SPDR	COM	81369y886	2,111	31,186	SH		SOLE		5,942	0	25,244
Vanguard Dividend Appreciation	COM	921908844	432	2,805	SH		SOLE		345	0	2,460
Vanguard Small Cap EFT	COM	922908751	296	1,562	SH		SOLE		0	0	1,562
Vanguard Value Index Fd ETF	COM	922908744	220	1,590	SH		SOLE		0	0	1,590
Verizon	COM	92343v104	235	6,041	SH		SOLE		1,790	0	4,251
W P Carey Inc	COM	92936U109	2,941	37,969	SH		SOLE		11,880	0	26,089
WEC Energy Group, Inc.	COM	92939U106	309	3,255	SH		SOLE		2,195	0	1,060
Waste Management Inc.	COM	94106l109	320	1,964	SH		SOLE		273	0	1,691
Wingstop INC	COM	974155103	6,653	36,239	SH		SOLE		10,173	0	26,066
Wolfspeed, Inc. (formerly Cree	COM	977852102	12,146	187,005	SH		SOLE		49,036	0	137,969
iShares Core MSCI Emerging Mar	COM	46434g103	2,712	55,594	SH		SOLE		8,486	0	47,108
iShares Core S&P 500 Index	COM	464287200	1,211	2,945	SH		SOLE		0	0	2,945
iShares DJ US Tech Sec	COM	464287721	487	5,243	SH		SOLE		415	0	4,828
iShares MSCI EAFE	COM	464287465	7,883	110,220	SH		SOLE		19,958	0	90,262
iShares Russell 2000	COM	464287655	292	1,638	SH		SOLE		0	0	1,638
Bank of Am 4.25 Pref Stock Per	PFD	06055h806	527	29,000	SH		SOLE		12,000	0	17,000
Charles Schwab 4.45 pfd Ser. J	PFD	808513865	595	30,810	SH		SOLE		7,500	0	23,310
First Republic Bank 5.5 pfd	PFD	336158803	160	25,488	SH		SOLE		6,400	0	19,088
JP Morgan Chase & Co 4.625 Pfd	PFD	48128b549	1,628	77,095	SH		SOLE		19,975	0	57,120
Morgan Stanley pfd 4.875 Ser l	PFD	61762v804	624	28,080	SH		SOLE		9,080	0	19,000
Wells Fargo 4.75 Pfd. Perpetua	PFD	94988U151	539	28,050	SH		SOLE		8,600	0	19,450