Paradigm Asset Management 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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
3M CO	COM	88579Y101	309,400	2,800	SH		SOLE		2,800	0	0
ABB LTD	ADR	000375204	12,830	500	SH		SOLE		0	0	500
ABBOTT LABS	COM	002824100	716,024	7,400	SH		SOLE		5,700	0	1,700
ABBVIE INC.	COM	00287Y109	563,682	4,200	SH		SOLE		4,200	0	0
ABN AMRO BANK NV-CVA	COM	00BYQP136	61,049	6,753	SH		SOLE		0	0	6,753
ACTIVISION BLIZZARD	COM	00507V109	267,624	3,600	SH		SOLE		3,600	0	0
ADIDAS AG-SPONSORED ADR	ADR	00687A107	22,964	400	SH		SOLE		0	0	400
ADMIRAL GROUP PLC	COM	00B02J639	671,494	31,420	SH		SOLE		6,500	0	24,920
ADOBE SYS INC.	COM	00724F101	247,680	900	SH		SOLE		900	0	0
ADVANCED MICRO DEV	COM	007903107	647,349	10,217	SH		SOLE		6,500	0	3,717
AIA GROUP LTD	COM	00B4TX8S1	688,693	82,600	SH		SOLE		18,300	0	64,300
AIA GROUP LTD-SP ADR	ADR	001317205	43,004	1,300	SH		SOLE		0	0	1,300
AIR LIQUIDE	ADR	009126202	15,904	700	SH		SOLE		0	0	700
AIR PROD & CHEM.	COM	009158106	349,095	1,500	SH		SOLE		1,500	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	152,608	1,900	SH		SOLE		1,900	0	0
AKER BP ASA	COM	00B1L95G3	1,187,864	41,409	SH		SOLE		9,179	0	32,230
AKZO N V ADR	ADR	010199305	24,674	1,300	SH		SOLE		0	0	1,300
ALCON INC	COM	00BJT1GR5	614,332	10,400	SH		SOLE		2,300	0	8,100
ALIBABA GROUP HOLDING-SP ADR	ADR	01609W102	15,998	200	SH		SOLE		0	0	200
ALLEGHENY TECH.	COM	01741R102	103,779	3,900	SH		SOLE		3,900	0	0
ALLIANZ SE - UNSP ADR	ADR	018820100	86,214	5,523	SH		SOLE		0	0	5,523
ALLIANZ SE-REG	COM	005231485	632,920	3,993	SH		SOLE		891	0	3,102
ALPHABET INC. CL A	COM	02079K305	2,923,064	30,560	SH		SOLE		23,400	0	7,160
ALPHABET INC. CL C	COM	02079K107	2,353,752	24,480	SH		SOLE		18,300	0	6,180
AMADEUS IT GROUP SA	COM	00B3MSM28	180,184	3,839	SH		SOLE		0	0	3,839
AMADEUS IT GROUP-UNSP ADR	ADR	02263T104	37,084	800	SH		SOLE		0	0	800
AMAZON COM	COM	023135106	1,243,000	11,000	SH		SOLE		11,000	0	0
AMBEV SA-ADR	ADR	02319V103	92,603	32,722	SH		SOLE		0	0	32,722
AMCOR LIMITED	COM	006066608	830,218	77,600	SH		SOLE		17,200	0	60,400
AMCOR PLC	COM	G0250X107	52,577	4,900	SH		SOLE		0	0	4,900
AMER EXPRESS CO.	COM	025816109	283,311	2,100	SH		SOLE		2,100	0	0
AMER. ELEC. PWR	COM	025537101	691,600	8,000	SH		SOLE		5,500	0	2,500
AMEREN CORP.	COM	023608102	708,840	8,800	SH		SOLE		6,000	0	2,800
AMERICAN TOWER CORP.	COM	03027X100	594,719	2,770	SH		SOLE		1,870	0	900
AMGEN INC.	COM	031162100	247,940	1,100	SH		SOLE		1,100	0	0
AMPHENOL CORP	COM	032095101	314,712	4,700	SH		SOLE		4,700	0	0
ANALOG DEVICES INC.	COM	032654105	922,291	6,619	SH		SOLE		4,200	0	2,419
ANGLO AMERICAN PLC	COM	00B1XZS82	592,864	19,415	SH		SOLE		3,700	0	15,715
ANHEUSER-BUSCH INBEV NV	COM	00BYYHL23	73,041	1,595	SH		SOLE		0	0	1,595
APA CORP	COM	03743Q108	184,626	5,400	SH		SOLE		5,400	0	0
APOLLO GLOBAL MANAGEMENT	COM	03769M106	1,120,929	24,106	SH		SOLE		15,500	0	8,606
APPLE INC.	COM	037833100	3,710,117	26,846	SH		SOLE		22,300	0	4,546
APPLIED MATLS INC.	COM	038222105	3,369,699	41,129	SH		SOLE		26,800	0	14,329
ARAMARK	COM	03852U106	934,721	29,959	SH		SOLE		19,200	0	10,759
ARCHER DANIELS MID	COM	039483102	144,810	1,800	SH		SOLE		1,800	0	0
ARISTOCRAT LEISURE LTD	COM	006253983	1,018,080	48,100	SH		SOLE		10,600	0	37,500
ARKEMA	COM	00B0Z5YZ2	558,996	7,600	SH		SOLE		1,700	0	5,900
ASHTEAD GROUP PLC	COM	000053673	643,129	14,100	SH		SOLE		3,100	0	11,000
ASML HOLDING NV	COM	00B929F46	1,471,849	3,465	SH		SOLE		765	0	2,700
ASSA ABLOY AB-B	COM	00BYPC1T4	625,462	33,100	SH		SOLE		7,300	0	25,800
ASTELLAS PHARMA INC	COM	006985383	1,004,993	75,883	SH		SOLE		15,000	0	60,883
ASTELLAS PHARMA INC-UNSP ADR	ADR	04623U102	33,325	2,500	SH		SOLE		0	0	2,500
ASTRAZENECA PLC	COM	000989529	765,933	6,900	SH		SOLE		1,500	0	5,400
ASTRAZENECA PLC	ADR	046353108	65,808	1,200	SH		SOLE		0	0	1,200
AT&T INC.	COM	00206R102	933,899	60,880	SH		SOLE		38,950	0	21,930
ATLAS COPCO AB-B SHS	COM	00BLDBN52	687,422	81,800	SH		SOLE		18,100	0	63,700
ATOS SE	COM	005654781	13,893	1,738	SH		SOLE		0	0	1,738
AUST & NZ BNKG	ADR	052528304	67,251	4,544	SH		SOLE		0	0	4,544
AUTO DATA PROCESS	COM	053015103	180,952	800	SH		SOLE		800	0	0
AUTOZONE INC	COM	053332102	642,579	300	SH		SOLE		300	0	0
AVANTOR INC.	COM	05352A100	572,536	29,211	SH		SOLE		18,700	0	10,511
AVIVA PLC	COM	00BPQY8M8	678,622	156,600	SH		SOLE		34,600	0	122,000
AXA -SPONS ADR	ADR	054536107	43,560	2,000	SH		SOLE		0	0	2,000
AXA SA	COM	007088429	71,205	3,234	SH		SOLE		0	0	3,234
BAE SYS PLC	ADR	05523R107	101,688	2,900	SH		SOLE		0	0	2,900
BAE SYSTEMS PLC	COM	000263494	864,902	98,100	SH		SOLE		21,700	0	76,400
BANCO BILBAO VIZCAYA-SP ADR	0	05946K101	18,690	4,200	SH		SOLE		0	0	4,200
BANK LEUMI LE-ISRAEL	COM	006076425	92,237	10,715	SH		SOLE		0	0	10,715
BANK OF AMERICA	COM	060505104	3,576,435	118,425	SH		SOLE		82,850	0	35,575
BARCLAYS PLC	ADR	06738E204	17,920	2,800	SH		SOLE		0	0	2,800
BASF SE-SPON ADR	ADR	055262505	45,725	4,763	SH		SOLE		0	0	4,763
BAXTER INTL INC.	COM	071813109	390,485	7,250	SH		SOLE		4,950	0	2,300
BAYER A G	ADR	072730302	56,644	4,900	SH		SOLE		0	0	4,900
BAYER AG-REG	COM	005069211	633,533	13,639	SH		SOLE		3,003	0	10,636
BAYERISCHE MOTOREN-SP ADR	ADR	072743305	81,803	3,614	SH		SOLE		0	0	3,614
BEAZER HOMES USA	COM	07556Q881	35,586	3,680	SH		SOLE		3,680	0	0
BECTON DICKINSON & CO	COM	075887109	1,145,123	5,139	SH		SOLE		4,780	0	359
BERKSHIRE HATH. B	COM	084670702	2,673,938	10,014	SH		SOLE		7,200	0	2,814
BHP GROUP LTD	COM	006144690	738,040	29,800	SH		SOLE		6,600	0	23,200
BIOGEN IDEC INC	COM	09062X103	1,816,935	6,805	SH		SOLE		4,300	0	2,505
BJS WHOLESALE CLUB	COM	05550J101	1,077,588	14,800	SH		SOLE		10,100	0	4,700
BLACKROCK INC.	COM	09247X101	1,863,798	3,387	SH		SOLE		2,400	0	987
BNP PARIBAS	COM	007309681	714,324	16,722	SH		SOLE		3,369	0	13,353
BNP PARIBAS	ADR	05565A202	44,352	2,100	SH		SOLE		0	0	2,100
BOC HONG KONG HLDS-SPONS ADR	ADR	096813209	19,929	300	SH		SOLE		0	0	300
BOEING CO.	COM	097023105	920,208	7,600	SH		SOLE		4,820	0	2,780
BOOKING HOLDINGS INC.	COM	09857L108	246,481	150	SH		SOLE		150	0	0
BP AMOCO PLC	ADR	055622104	102,780	3,600	SH		SOLE		0	0	3,600
BP PLC	COM	000798059	140,076	28,973	SH		SOLE		0	0	28,973
BRISTOL MYERS SQUIBB	COM	110122108	3,913,362	55,048	SH		SOLE		35,640	0	19,408
BRITISH AMERN TOB PLC	0	110448107	936,383	26,377	SH		SOLE		4,700	0	21,677
BROADCOM INC.	COM	11135F101	710,416	1,600	SH		SOLE		1,600	0	0
BROADRIGDE FINANCIAL	COM	11133T103	490,688	3,400	SH		SOLE		3,400	0	0
BROWN & BROWN INC	COM	115236101	284,256	4,700	SH		SOLE		4,700	0	0
BURBERRY GROUP PLC	COM	003174300	787,125	39,000	SH		SOLE		8,600	0	30,400
CAP GEMINI	COM	004163437	1,021,432	6,300	SH		SOLE		1,400	0	4,900
CARLISLE COS.	COM	142339100	1,682,180	5,999	SH		SOLE		3,800	0	2,199
CARMAX GROUP	COM	143130102	508,024	7,695	SH		SOLE		4,900	0	2,795
CATERPILLAR TRACTOR	COM	149123101	98,448	600	SH		SOLE		600	0	0
CBOE HOLDINGS INC	COM	12503M108	293,425	2,500	SH		SOLE		2,500	0	0
CDW CORP/DE	COM	12514G108	249,728	1,600	SH		SOLE		1,600	0	0
CELANESE CORP	COM	150870103	561,463	6,215	SH		SOLE		3,900	0	2,315
CF INDUSTRIES HLDGS	COM	125269100	173,250	1,800	SH		SOLE		1,800	0	0
CHARLES RIV LABS INTL.	COM	159864107	546,317	2,776	SH		SOLE		1,800	0	976
CHARTER PLC	COM	16119P108	303,350	1,000	SH		SOLE		700	0	300
CHECK POINT SOFTWARE	COM	0M2246510	22,404	200	SH		SOLE		0	0	200
CHEUNG KONG PROPERTY HDG	COM	00BYZQ077	800,907	133,200	SH		SOLE		29,500	0	103,700
CHEVRON CORP	COM	166764100	2,726,569	18,978	SH		SOLE		13,343	0	5,635
CHOCOLADEFABRIKEN LINDT-PC	COM	005962280	971,298	100	SH		SOLE		0	0	100
CHUBU ELECTRIC POWER CO.	COM	006195609	69,432	7,707	SH		SOLE		0	0	7,707
CHUGAI PHARMACEUTICAL CO LTD	COM	006196408	701,427	28,000	SH		SOLE		6,000	0	22,000
CIE FINANCIERE RICH-UNSP ADR	ADR	204319107	78,732	8,407	SH		SOLE		0	0	8,407
CIGNA CORP.	COM	125523100	2,934,245	10,575	SH		SOLE		6,750	0	3,825
CINTAS CORP	COM	172908105	232,914	600	SH		SOLE		600	0	0
CISCO SYSTEMS	COM	17275R102	232,000	5,800	SH		SOLE		5,800	0	0
CITIZENS FINANCIAL GROUP	COM	174610105	1,076,464	31,329	SH		SOLE		20,130	0	11,199
CITRIX SYS INC.	COM	177376100	187,020	1,800	SH		SOLE		1,800	0	0
CK HUTCHISON HOLDIN-UNSP ADR	ADR	12562Y100	24,660	4,500	SH		SOLE		0	0	4,500
CLP HOLDINGS LTD	COM	006097017	72,136	9,541	SH		SOLE		0	0	9,541
CLP HOLDINGS LTD-SPONS ADR	ADR	18946Q101	18,950	2,500	SH		SOLE		0	0	2,500
CME GROUP	COM	12572Q105	177,130	1,000	SH		SOLE		1,000	0	0
COCA COLA COMPANY	COM	191216100	980,350	17,500	SH		SOLE		13,200	0	4,300
COCA-COLA FEMSA SAB-SP ADR	ADR	191241108	23,356	400	SH		SOLE		0	0	400
COMCAST CORP-Cl A	COM	20030N101	343,161	11,700	SH		SOLE		11,700	0	0
COMMERZBANK AG	COM	00B90LKT4	98,075	13,782	SH		SOLE		0	0	13,782
COMPAGNIE DE SAINT GOBAIN	COM	007380482	540,811	14,900	SH		SOLE		3,300	0	11,600
COMPASS GROUP PLC	COM	00BD6K457	779,774	38,700	SH		SOLE		8,600	0	30,100
COMPASS GROUP PLC-SPON ADR	ADR	20449X401	21,747	1,100	SH		SOLE		0	0	1,100
COMPASS MINERALS INTL	COM	20451N101	923,025	23,956	SH		SOLE		15,300	0	8,656
CONOCOPHILLIPS	COM	20825C104	562,870	5,500	SH		SOLE		5,500	0	0
CONSTELLATION ENERGY	COM	21037T109	569,768	6,849	SH		SOLE		4,365	0	2,484
CONTINENTAL AG	ADR	210771200	13,671	3,100	SH		SOLE		0	0	3,100
CORTEVA INC.	COM	22052L104	182,880	3,200	SH		SOLE		3,200	0	0
COSTCO WHOLESALE	COM	22160K105	3,060,782	6,481	SH		SOLE		4,900	0	1,581
CREDIT AGRICOLE SA	COM	007262610	53,989	6,589	SH		SOLE		0	0	6,589
CREDIT SUISSE GP	ADR	225401108	48,937	12,484	SH		SOLE		0	0	12,484
CRODA INTERNATIONAL PLC	COM	00BJFFLV0	662,001	9,200	SH		SOLE		2,000	0	7,200
CROWDSTRIKE HOLDINGS INC.	COM	22788C105	296,658	1,800	SH		SOLE		1,800	0	0
CROWN CASTLE INTL	COM	22822V101	462,560	3,200	SH		SOLE		3,200	0	0
CSL LTD	COM	006185495	824,641	4,500	SH		SOLE		1,000	0	3,500
D R HORTON INC.	COM	23331A109	585,945	8,700	SH		SOLE		6,000	0	2,700
DAI-ICHI LIFE HOLDINGS	COM	00B601QS4	65,635	4,145	SH		SOLE		0	0	4,145
DAIKIN INDUSTRIES-UNSPON ADR	ADR	23381B106	26,027	1,700	SH		SOLE		0	0	1,700
DANAHER CORP	COM	235851102	1,007,331	3,900	SH		SOLE		3,200	0	700
DANONE-SPONS ADR	ADR	23636T100	22,596	2,400	SH		SOLE		0	0	2,400
DBS GP HLDGS-SPON ADR	ADR	23304Y100	27,784	300	SH		SOLE		0	0	300
DBS GROUP HOLDINGS LTD	COM	006175203	854,006	36,700	SH		SOLE		8,100	0	28,600
DENSO CORP	COM	006640381	637,010	14,000	SH		SOLE		3,000	0	11,000
DEUTSCHE BOERSE AG	COM	007021963	931,597	5,652	SH		SOLE		1,100	0	4,552
DEUTSCHE BOERSE AG-UNSPN ADR	ADR	251542106	19,596	1,200	SH		SOLE		0	0	1,200
DEUTSCHE POST AG	ADR	25157Y202	9,018	300	SH		SOLE		0	0	300
DEUTSCHE TELEKOM AG-REG	COM	005842359	2,499,822	145,881	SH		SOLE		31,300	0	114,581
DEVON ENERGY (NEW)	COM	25179M103	9,412,149	156,530	SH		SOLE		101,500	0	55,030
DEXCOM INC	COM	252131107	644,642	8,004	SH		SOLE		5,100	0	2,904
DIAGEO PLC	COM	000237400	1,225,113	28,900	SH		SOLE		6,400	0	22,500
DIAGEO PLC	ADR	25243Q205	33,962	200	SH		SOLE		0	0	200
DISCOVER FINCL SERVICES	COM	254709108	1,191,870	13,109	SH		SOLE		8,370	0	4,739
DNB ASA	COM	004263304	507,578	32,000	SH		SOLE		0	0	32,000
DOLLAR GEN CORP	COM	256677105	311,818	1,300	SH		SOLE		1,300	0	0
DOMINION RESOURCES	COM	25746U109	628,901	9,100	SH		SOLE		6,200	0	2,900
DREAM FINDERS HOMES INC.	COM	26154D100	113,420	10,700	SH		SOLE		10,700	0	0
DROPBOX INC. CL A	COM	26210C104	232,064	11,200	SH		SOLE		11,200	0	0
DSV A/S	COM	00B1WT5G2	531,232	4,500	SH		SOLE		1,000	0	3,500
DUPONT DE NEMOURS	COM	26614N102	973,526	19,316	SH		SOLE		12,300	0	7,016
E.ON SE	COM	004942904	55,632	7,273	SH		SOLE		0	0	7,273
EASTMAN CHEM CO	COM	277432100	834,766	11,749	SH		SOLE		8,300	0	3,449
ECOLAB INC	COM	278865100	144,420	1,000	SH		SOLE		1,000	0	0
EDWARDS LIFESCIENCES	COM	28176E108	256,153	3,100	SH		SOLE		3,100	0	0
ELECTRONIC ARTS INC	COM	285512109	185,136	1,600	SH		SOLE		1,600	0	0
EMBECTA CORP.	COM	29082K105	22,658	787	SH		SOLE		716	0	71
EMERSON ELEC CO.	COM	291011104	904,853	12,358	SH		SOLE		11,100	0	1,258
ENEL SPA	COM	007144569	559,877	135,300	SH		SOLE		29,900	0	105,400
ENEL SPA - UNSPON ADR	ADR	29265W207	19,082	4,700	SH		SOLE		0	0	4,700
ENI S P A	ADR	26874R108	14,798	700	SH		SOLE		0	0	700
ENI SPA	COM	007145056	71,449	6,685	SH		SOLE		0	0	6,685
EOG RESOURCES INC.	COM	26875P101	212,287	1,900	SH		SOLE		1,900	0	0
EQT CORP	COM	26884L109	171,150	4,200	SH		SOLE		4,200	0	0
EQUINIX INC	COM	29444U700	1,966,480	3,457	SH		SOLE		2,360	0	1,097
EQUINOR ASA	COM	007133608	75,581	2,300	SH		SOLE		500	0	1,800
ERSTE GROUP BANK AG	COM	005289837	512,341	23,100	SH		SOLE		5,100	0	18,000
ESSENTIAL UTILITIES INC	COM	29670G102	153,106	3,700	SH		SOLE		3,700	0	0
ESSILORLUXOTTICA	COM	007212477	673,720	4,900	SH		SOLE		1,100	0	3,800
EXELON CORP.	COM	30161N101	773,736	20,655	SH		SOLE		13,200	0	7,455
EXPEDITORS INT'L	COM	302130109	158,958	1,800	SH		SOLE		1,800	0	0
EXXON MOBIL CORP.	COM	30231G102	4,544,660	52,052	SH		SOLE		35,200	0	16,852
FANUC CORP-UNSP ADR	ADR	307305102	21,000	1,500	SH		SOLE		0	0	1,500
FAURECIA	COM	004400446	21,035	1,912	SH		SOLE		0	0	1,912
FIDELITY NAT'L INFO SVCS	COM	31620M106	874,118	11,567	SH		SOLE		7,400	0	4,167
FIFTH THIRD BANCORP	COM	316773100	1,073,345	33,584	SH		SOLE		21,660	0	11,924
FINECOBANK SPA	COM	00BNGN9Z1	703,637	56,400	SH		SOLE		12,500	0	43,900
FIRST REPUBLIC BANK/CA	COM	33616C100	313,320	2,400	SH		SOLE		2,400	0	0
FRESENIUS MEDICAL CARE	ADR	358029106	8,424	600	SH		SOLE		0	0	600
FRESENIUS MEDICAL CARE AG &	COM	005129074	35,660	1,267	SH		SOLE		0	0	1,267
FRPT MCMORAN CPR	COM	35671D857	194,043	7,100	SH		SOLE		7,100	0	0
FUJI ELECTRIC CO LTD	COM	006356365	657,847	18,000	SH		SOLE		4,000	0	14,000
FUJITSU LTD	COM	006356945	763,377	7,000	SH		SOLE		2,000	0	5,000
FUJITSU LTD - UNSPON ADR	ADR	359590304	15,463	700	SH		SOLE		0	0	700
GALP ENERGIA SGPS-UNSPON ADR	ADR	364097105	14,632	3,100	SH		SOLE		0	0	3,100
GENERAL DYNAMICS	COM	369550108	2,833,743	13,356	SH		SOLE		8,600	0	4,756
GENERAL ELECTRIC CO.	COM	369604301	854,110	13,796	SH		SOLE		11,312	0	2,484
GLAXOSMITHKLINE PLC	ADR	37733W105	29,430	1,000	SH		SOLE		0	0	1,000
GLENCORE PLC -UNSP ADR	ADR	37827X100	27,248	2,600	SH		SOLE		0	0	2,600
GOLD FIELDS LTD	ADR	38059T106	94,176	11,641	SH		SOLE		0	0	11,641
GOLDMAN SACHS GROUP	COM	38141G104	2,110,546	7,202	SH		SOLE		4,600	0	2,602
GROUPE BRUXELLES LAMBERT SA	COM	007097328	626,713	8,900	SH		SOLE		2,000	0	6,900
GROUPE BRUXELLES LAMBERT SA BX	COM	00BHZLGZ3	737,337	10,711	SH		SOLE		2,965	0	7,746
GRUPO FINANCIERO BANORTE-O	COM	002421041	171,719	26,700	SH		SOLE		6,000	0	20,700
GSK PLC	COM	00BN7SWP6	677,889	46,505	SH		SOLE		8,738	0	37,767
HALEON PLC	COM	00BMX86B7	181,213	58,132	SH		SOLE		10,923	0	47,209
HANG SENG BANK LTD	COM	006408374	741,023	48,800	SH		SOLE		10,800	0	38,000
HDFC BANK LTD	ADR	40415F101	29,210	500	SH		SOLE		0	0	500
HENKEL KGAA-SPONS ADR PFD	ADR	42550U208	412,094	27,863	SH		SOLE		6,198	0	21,665
HENRY JACK & ASSOC	COM	426281101	182,270	1,000	SH		SOLE		1,000	0	0
HITACHI LIMITED	ADR	433578507	117,806	1,384	SH		SOLE		0	0	1,384
HOME DEPOT INC.	COM	437076102	907,843	3,290	SH		SOLE		2,590	0	700
HONDA MOTOR	ADR	438128308	23,749	1,100	SH		SOLE		0	0	1,100
HONDA MOTOR CO	COM	006435145	86,885	4,009	SH		SOLE		0	0	4,009
HONEYWELL INT'L	COM	438516106	326,760	1,957	SH		SOLE		1,600	0	357
HONG KONG EXCHANGES & CLEAR	COM	006267359	686,166	19,979	SH		SOLE		4,100	0	15,879
HOYA CORP	COM	006441506	767,142	8,000	SH		SOLE		2,000	0	6,000
HSBC HOLDINGS PLC	COM	000540528	693,743	132,991	SH		SOLE		29,441	0	103,550
IBERDROLA SA	COM	00B288C92	943,347	100,495	SH		SOLE		22,695	0	77,800
IMERYS SA	COM	00B011GL4	63,412	2,084	SH		SOLE		0	0	2,084
IMPERIAL BRANDS PLC	COM	000454492	91,671	4,427	SH		SOLE		0	0	4,427
IMPERIAL BRANDS PLC-SPON ADR	ADR	45262P102	24,984	1,200	SH		SOLE		0	0	1,200
INFINEON TECHNOLOGIES AG	COM	005889505	568,833	25,568	SH		SOLE		5,668	0	19,900
ING GROEP ADR	ADR	456837103	26,350	3,100	SH		SOLE		0	0	3,100
ING GROEP NV-CVA	COM	00BZ57390	807,724	93,080	SH		SOLE		19,209	0	73,871
INPEX CORP.	COM	00B10RB15	105,804	11,269	SH		SOLE		0	0	11,269
INTEL CORP.	COM	458140100	1,256,339	48,752	SH		SOLE		31,200	0	17,552
INTERCONTINENTALEXCH	COM	45866F104	1,032,791	11,431	SH		SOLE		8,500	0	2,931
IQVIA HOLDINGS INC.	COM	46266C105	1,068,364	5,898	SH		SOLE		3,700	0	2,198
ITOCHU CORP	COM	006467803	873,091	36,097	SH		SOLE		7,000	0	29,097
ITOCHU CORP	ADR	465717106	24,195	500	SH		SOLE		0	0	500
JAPAN POST BANK CO LTD	COM	00BYT8165	73,452	10,537	SH		SOLE		0	0	10,537
JARDINE MATHESON HD ADR	ADR	471115402	102,293	2,020	SH		SOLE		446	0	1,574
JM SMUCKER CO	COM	832696405	247,338	1,800	SH		SOLE		1,800	0	0
JOHNSON & JOHNSON	COM	478160104	1,429,400	8,750	SH		SOLE		7,250	0	1,500
JPMORGAN CHASE & CO	COM	46625H100	4,523,909	43,291	SH		SOLE		30,150	0	13,141
KAKAKU.COM INC	COM	006689533	663,360	39,000	SH		SOLE		9,000	0	30,000
KB FINANCIAL GROUP	ADR	48241A105	12,056	400	SH		SOLE		0	0	400
KBC GROEP NV	COM	004497749	648,309	13,600	SH		SOLE		3,000	0	10,600
KDDI CORP-UNSPONSORED ADR	ADR	48667L106	903,041	61,599	SH		SOLE		11,379	0	50,220
KELLOGG CO	COM	487836108	1,645,160	23,617	SH		SOLE		15,110	0	8,507
KERING	COM	005505072	628,906	1,400	SH		SOLE		300	0	1,100
KEURIG DR PEPPER INC.	COM	49271V100	838,188	23,400	SH		SOLE		16,000	0	7,400
KEYENCE CORP	COM	006490995	992,780	3,000	SH		SOLE		1,000	0	2,000
KIRIN HOLDINGS CO LTD	COM	006493745	923,141	60,000	SH		SOLE		13,000	0	47,000
KKR & CO.	COM	48251W104	688,172	16,004	SH		SOLE		14,500	0	1,504
KNORR-BREMSE AG	COM	00BD2P9X9	517,375	11,900	SH		SOLE		2,600	0	9,300
KONINKLIJKE AHOLD DELHAIZE N	COM	00BD0Q398	791,137	30,900	SH		SOLE		6,800	0	24,100
KONINKLIJKE DSM NV-SPONS ADR	ADR	780249108	19,880	700	SH		SOLE		0	0	700
KONINKLIJKE KPN NV	COM	005956078	741,627	273,100	SH		SOLE		60,400	0	212,700
KONINKLIJKE PHILIPS ELEC	ADR	500472303	13,851	900	SH		SOLE		0	0	900
KUBOTA CORP-SPONS ADR	ADR	501173207	27,840	400	SH		SOLE		0	0	400
KUEHNE & NAGEL INTL AG-REG	COM	00B142S60	656,744	3,200	SH		SOLE		700	0	2,500
L3HARRIS TECHNOLOGIES INC	COM	502431109	145,481	700	SH		SOLE		700	0	0
LABORATORY AMER H	COM	50540R409	1,679,647	8,201	SH		SOLE		5,600	0	2,601
LANXESS AG	COM	00B05M8B7	38,347	1,326	SH		SOLE		0	0	1,326
LAUDER ESTEE COS.	COM	518439104	323,850	1,500	SH		SOLE		1,500	0	0
LAWSON INC.	COM	006266914	61,532	1,879	SH		SOLE		0	0	1,879
LEAR CORP.	COM	521865204	760,869	6,357	SH		SOLE		4,050	0	2,307
LEGAL & GENERAL GROUP PLC	COM	000560399	667,217	276,076	SH		SOLE		55,800	0	220,276
LEGRAND SA	COM	00B11ZRK9	626,913	9,600	SH		SOLE		2,100	0	7,500
LINDE PLC	COM	G5494J103	133,986	497	SH		SOLE		0	0	497
LIVE NATION INC	COM	538034109	1,322,564	17,393	SH		SOLE		11,200	0	6,193
LOCKHEED MARTIN	COM	539830109	193,145	500	SH		SOLE		500	0	0
LONDON STOCK EXCHG ADR	ADR	54211N101	16,800	800	SH		SOLE		0	0	800
LONZA GROUP AG-REG	COM	007333378	889,347	1,800	SH		SOLE		400	0	1,400
LOWES COS INC.	COM	548661107	2,286,211	12,173	SH		SOLE		7,800	0	4,373
LVMH MOET HENNESSY LOU	ADR	502441306	47,000	400	SH		SOLE		0	0	400
LVMH MOET HENNESSY LOUIS VUI	COM	004061412	777,372	1,300	SH		SOLE		300	0	1,000
M&G PLC	COM	00BKFB1C6	60,708	32,643	SH		SOLE		0	0	32,643
MACQUARIE GROUP LTD	COM	00B28YTC2	648,639	6,605	SH		SOLE		1,300	0	5,305
MACQUARIE GROUP LTD-ADR	ADR	55607P204	30,090	300	SH		SOLE		0	0	300
MARKEL CORP.	COM	570535104	216,844	200	SH		SOLE		200	0	0
MARSH & MCLENNON	COM	571748102	223,935	1,500	SH		SOLE		1,500	0	0
MASTERCARD INC.	COM	57636Q104	909,604	3,199	SH		SOLE		2,985	0	214
MCDONALDS CORP.	COM	580135101	1,968,904	8,533	SH		SOLE		5,490	0	3,043
MCKESSON CORP	COM	58155Q103	169,935	500	SH		SOLE		500	0	0
MERCK & CO. INC.	COM	58933Y105	3,185,407	36,988	SH		SOLE		23,800	0	13,188
MERCK KGAA	COM	004741844	735,325	4,500	SH		SOLE		1,000	0	3,500
META PLATFORMS INC CL A	COM	30303M102	1,289,096	9,501	SH		SOLE		6,650	0	2,851
METLIFE INC	COM	59156R108	145,872	2,400	SH		SOLE		2,400	0	0
METSO OUTOTEC OYJ	COM	00B1FN8X9	689,782	102,700	SH		SOLE		22,700	0	80,000
MICHELIN (CGDE)	COM	00BPBPJ01	616,999	27,200	SH		SOLE		6,000	0	21,200
MICROCHIP TECH	COM	595017104	286,841	4,700	SH		SOLE		4,700	0	0
MID-AMER APART CMNTY	COM	59522J103	930,110	5,998	SH		SOLE		3,800	0	2,198
MITSUBISHI CORP	COM	006596785	907,888	33,118	SH		SOLE		7,000	0	26,118
MITSUBISHI ELECTRIC CORP	COM	006597045	693,955	77,000	SH		SOLE		17,000	0	60,000
MITSUBISHI UFJ FINCL GP	COM	006335171	69,964	15,544	SH		SOLE		0	0	15,544
MITSUBISHI UFJ FINL-SPON ADR	ADR	606822104	26,550	5,900	SH		SOLE		0	0	5,900
MIZUHO FINANCIAL GROUP	COM	006591014	69,076	6,399	SH		SOLE		0	0	6,399
MONDELEZ INTERNATIONAL CL A	COM	609207105	2,369,533	43,216	SH		SOLE		27,500	0	15,716
MOSAIC CO.	COM	61945C103	149,823	3,100	SH		SOLE		3,100	0	0
MUENCHENER RUECK-UNSPON ADR	ADR	626188106	78,229	3,246	SH		SOLE		0	0	3,246
MURATA MANUFACTUR-UNSPON ADR	ADR	626425102	18,384	1,600	SH		SOLE		0	0	1,600
NATIONAL GRID PLC	COM	00BDR05C0	700,253	67,379	SH		SOLE		12,600	0	54,779
NATIONAL GRID PLC	ADR	636274409	70,390	1,366	SH		SOLE		0	0	1,366
NESTLE S A	ADR	641069406	2,168,341	20,150	SH		SOLE		3,900	0	16,250
NETFLIX COM INC	COM	64110L106	306,072	1,300	SH		SOLE		900	0	400
NEXSTAR MEDIA GROUP INC-CL A	COM	65336K103	250,275	1,500	SH		SOLE		1,500	0	0
NEXT PLC	COM	003208986	600,248	11,200	SH		SOLE		2,500	0	8,700
NEXTERA ENERGY INC	COM	65339F101	454,778	5,800	SH		SOLE		5,800	0	0
NIKE INC B	COM	654106103	924,211	11,119	SH		SOLE		7,900	0	3,219
NINTENDO CO LTD-UNSPONS ADR	ADR	654445303	20,388	400	SH		SOLE		0	0	400
NIPPON TELEGRAPH & TELE-ADR	ADR	654624105	16,260	600	SH		SOLE		0	0	600
NIPPON TELEGRAPH & TELEPHONE	COM	006641373	969,558	35,929	SH		SOLE		7,000	0	28,929
NISSAN MOTOR CO LTD	COM	006642860	58,052	18,259	SH		SOLE		0	0	18,259
NN GROUP NV	COM	00BNG8PQ9	689,156	17,600	SH		SOLE		3,900	0	13,700
NORDEA BANK ABP	COM	00BYZF9J9	718,118	83,300	SH		SOLE		18,400	0	64,900
NORDSON CORP	COM	655663102	148,589	700	SH		SOLE		700	0	0
NORDSTROM INC.	COM	655664100	2,179,200	130,257	SH		SOLE		83,000	0	47,257
NORSK HYDRO ASA	COM	00B11HK39	556,157	103,001	SH		SOLE		20,200	0	82,801
NORTHROP GRUMMAN	COM	666807102	1,081,736	2,300	SH		SOLE		1,600	0	700
NOV INC.	COM	62955J103	2,531,151	156,437	SH		SOLE		100,300	0	56,137
NOVARTIS A G	ADR	66987V109	320,230	4,213	SH		SOLE		0	0	4,213
NOVARTIS AG-REG	COM	007103065	1,105,036	14,400	SH		SOLE		3,200	0	11,200
NOVO-NORDISK A S	ADR	670100205	69,741	700	SH		SOLE		0	0	700
NVIDIA CORP	COM	67066G104	946,478	7,797	SH		SOLE		5,800	0	1,997
NXP SEMICONDUCTORS NV	COM	N6596X109	14,751	100	SH		SOLE		0	0	100
O'REILLY AUTO	COM	67103H107	351,675	500	SH		SOLE		500	0	0
OCCIDENTAL PETRO. WTS	COM	674599162	117,592	2,968	SH		SOLE		2,156	0	812
OLIN CORP	COM	680665205	98,624	2,300	SH		SOLE		2,300	0	0
OMV AG	COM	004651459	655,310	17,900	SH		SOLE		4,000	0	13,900
ORACLE CORP JAPAN	COM	006141680	744,758	14,000	SH		SOLE		3,000	0	11,000
ORACLE SYSTEMS	COM	68389X105	207,638	3,400	SH		SOLE		3,400	0	0
ORANGE S.A.	ADR	684060106	80,299	8,932	SH		SOLE		0	0	8,932
ORGANON & CO.	COM	234474243	81,432	3,480	SH		SOLE		2,380	0	1,100
ORIX - SPON ADR	ADR	686330101	21,201	300	SH		SOLE		0	0	300
ORRON ENERGY AB	COM	007187627	36,359	20,200	SH		SOLE		4,500	0	15,700
OTSUKA HOLDINGS CO LTD	COM	00B5LTM93	981,754	31,000	SH		SOLE		7,000	0	24,000
OVERSEA-CHINESE BANKING CORP	COM	00B0F9V20	845,883	102,600	SH		SOLE		22,700	0	79,900
PAR TECHNOLOGY	COM	69370C100	251,040	2,400	SH		SOLE		2,400	0	0
PARAMOUNT GLOBAL-CLASS B	COM	92556H206	724,472	38,050	SH		SOLE		24,350	0	13,700
PAYCHEX INC.	COM	704326107	970,280	8,647	SH		SOLE		5,500	0	3,147
PAYPAL HOLDINGS INC	COM	70450Y103	527,953	6,134	SH		SOLE		4,650	0	1,484
PENN ENTERTAINMENT INC.	COM	707569109	388,854	14,135	SH		SOLE		9,000	0	5,135
PEPSICO INC.	COM	713448108	1,291,550	7,911	SH		SOLE		5,570	0	2,341
PERKINELMER INC.	COM	714046109	228,627	1,900	SH		SOLE		1,900	0	0
PERNOD RICARD SA	COM	004682329	758,528	4,100	SH		SOLE		900	0	3,200
PFIZER INC.	COM	717081103	2,161,000	49,383	SH		SOLE		31,500	0	17,883
PIONEER NAT RES CO	COM	723787107	3,027,306	13,981	SH		SOLE		9,000	0	4,981
PLAINS ALL AMER PIPELINE LP	COM	726503105	2,670,102	253,812	SH		SOLE		163,300	0	90,512
POSCO-ADR	ADR	693483109	14,644	400	SH		SOLE		0	0	400
PPG INDUSTRIES	COM	693506107	560,091	5,060	SH		SOLE		3,460	0	1,600
PROCTOR & GAMBLE	COM	742718109	3,294,241	26,093	SH		SOLE		16,700	0	9,393
PROGRESSIVE CORP.	COM	743315103	778,607	6,700	SH		SOLE		4,600	0	2,100
PROLOGIS TR	COM	74340W103	1,838,554	18,096	SH		SOLE		11,550	0	6,546
PRUDENTIAL PLC	COM	000709954	546,766	54,800	SH		SOLE		12,100	0	42,700
PRUDENTIAL PLC-ADR	ADR	74435K204	37,848	1,900	SH		SOLE		0	0	1,900
PUBLICIS GROUPE-ADR	ADR	74463M106	10,620	900	SH		SOLE		0	0	900
QUALYS INC	COM	74758T303	223,024	1,600	SH		SOLE		1,600	0	0
QUANTA SVCS INC	COM	74762E102	165,607	1,300	SH		SOLE		1,300	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	2,399,562	29,313	SH		SOLE		19,500	0	9,813
RECKITT BENCKISER-SPON ADR	ADR	756255204	114,772	8,636	SH		SOLE		0	0	8,636
RECRUIT HOLDINGS CO LTD	COM	00BQRRZ00	546,195	19,000	SH		SOLE		4,000	0	15,000
RED ELECTRICA CORPORACION SA	COM	00BD6FXN3	77,475	5,034	SH		SOLE		100	0	4,934
REGENERON PHARM.	COM	75886F107	895,531	1,300	SH		SOLE		1,000	0	300
RENAULT SA	COM	004712798	68,118	2,486	SH		SOLE		0	0	2,486
REPUBLIC SVCS	COM	760759100	1,498,072	11,012	SH		SOLE		7,600	0	3,412
RIO TINTO PLC	ADR	767204100	605,660	11,000	SH		SOLE		2,400	0	8,600
ROCHE HOLDING AG-GENUSSCHEIN	COM	007110388	3,121,617	9,499	SH		SOLE		2,086	0	7,413
ROCHE HOLDINGS	ADR	771195104	237,911	5,857	SH		SOLE		0	0	5,857
ROPER INDS INC.	COM	776696106	359,640	1,000	SH		SOLE		1,000	0	0
ROSS STORES INC	COM	778296103	193,821	2,300	SH		SOLE		2,300	0	0
ROYAL UNIBREW	COM	00BX8ZX20	612,928	9,400	SH		SOLE		2,100	0	7,300
RWE AKTIENGESELLSCHAF-SP ADR	0	74975E303	18,340	500	SH		SOLE		0	0	500
RYANAIR HLDGS PLC	ADR	783513104	23,368	400	SH		SOLE		0	0	400
S&P GLOBAL INC.	COM	78409V104	305,350	1,000	SH		SOLE		1,000	0	0
SALESFORCE COM INC	COM	79466L302	1,028,456	7,150	SH		SOLE		4,600	0	2,550
SAMPO OYJ-A SHS	COM	005226038	763,077	17,800	SH		SOLE		3,900	0	13,900
SANOFI AVENTIS	ADR	80105N105	987,608	25,976	SH		SOLE		4,100	0	21,876
SAP AG	COM	004846288	53,744	662	SH		SOLE		0	0	662
SAP AG - SPONSORED ADR	ADR	803054204	40,625	500	SH		SOLE		0	0	500
SCHINDLER HDG-PART CERT	COM	00B11TCY0	57,665	367	SH		SOLE		0	0	367
SCHNEIDER ELECTRIC SA	ADR	80687P106	96,502	4,289	SH		SOLE		0	0	4,289
SERVICE CORP INT'L	COM	817565104	225,186	3,900	SH		SOLE		3,900	0	0
SEVEN & I HLDGS-UNSPN ADR	ADR	81783H105	809,134	39,977	SH		SOLE		8,806	0	31,171
SHELL PLC	COM	00BP6MXD8	2,444,496	97,477	SH		SOLE		12,500	0	84,977
SHELL PLC-ADR	ADR	780259305	58,120	1,168	SH		SOLE		0	0	1,168
SHERWIN WILLIAMS	COM	824348106	737,100	3,600	SH		SOLE		2,700	0	900
SHIN-ETSU CHEM-UNSPON ADR	ADR	824551105	12,362	500	SH		SOLE		0	0	500
SHIONOGI & CO LTD	COM	006804682	724,274	15,000	SH		SOLE		3,000	0	12,000
SIEMENS AG-SP ADR	ADR	826197501	78,467	1,603	SH		SOLE		0	0	1,603
SIKA AG-REG	COM	00BF2DSG3	570,953	2,800	SH		SOLE		600	0	2,200
SIMON PPTY GP	COM	828806109	2,427,289	27,045	SH		SOLE		17,310	0	9,735
SK TELECOM LTD	ADR	78440P108	21,186	1,100	SH		SOLE		0	0	1,100
SMITH & NEPHEW PLC	COM	000922320	648,488	55,300	SH		SOLE		12,200	0	43,100
SMITH A O	COM	831865209	131,166	2,700	SH		SOLE		2,700	0	0
SMITHS GROUP PLC- SPON ADR	ADR	83238P203	14,958	900	SH		SOLE		0	0	900
SNAM SPA	COM	007251470	721,321	177,594	SH		SOLE		33,700	0	143,894
SOCIETE GENERALE	COM	005966516	57,019	2,851	SH		SOLE		0	0	2,851
SOFTBANK CORP.	COM	00BF5M0K5	67,606	6,765	SH		SOLE		0	0	6,765
SOLVAY SA	COM	004821100	733,381	9,400	SH		SOLE		2,100	0	7,300
SONY GROUP CORP - SP ADR	ADR	835699307	19,215	300	SH		SOLE		0	0	300
SPAREBANK 1 SMN	COM	00B0LGG75	578,608	56,600	SH		SOLE		12,500	0	44,100
SSE PLC	COM	000790873	71,343	4,184	SH		SOLE		0	0	4,184
SSE PLC-SPN ADR	ADR	78467K107	20,256	1,200	SH		SOLE		0	0	1,200
STANDARD CHARTERED PLC	COM	000408284	97,458	15,403	SH		SOLE		0	0	15,403
STELLANTIS NV	ADR	N82405106	69,086	5,835	SH		SOLE		0	0	5,835
STERICYCLE INC	COM	858912108	450,577	10,700	SH		SOLE		7,300	0	3,400
STRYKER CORP.	COM	863667101	303,810	1,500	SH		SOLE		1,500	0	0
SUMITOMO MITSUI FINCL GP	COM	006563024	902,297	32,456	SH		SOLE		6,000	0	26,456
SUMITOMO MITSUI-SPONS ADR	ADR	86562M209	34,650	6,300	SH		SOLE		0	0	6,300
SUNTORY BEVERAGE & FOOD-UADR	ADR	86803T104	909,857	50,632	SH		SOLE		11,208	0	39,424
SVENSKA HANDELSBANKEN-A SHS	COM	00BXDZ9Q1	786,789	95,300	SH		SOLE		21,100	0	74,200
SWIRE PACIFIC LTD - CL A	COM	006867748	114,246	15,265	SH		SOLE		0	0	15,265
SYMRISE AG	COM	00B1JB4K8	67,171	688	SH		SOLE		0	0	688
SYMRISE AG-UNSPON ADR	ADR	87155N109	29,184	1,200	SH		SOLE		0	0	1,200
SYNOPSYS INC.	COM	871607107	366,612	1,200	SH		SOLE		1,200	0	0
T ROWE PRICE GP	COM	74144T108	168,016	1,600	SH		SOLE		1,600	0	0
TAKEDA PHARMACEUTIC-SP ADR	ADR	874060205	32,425	2,500	SH		SOLE		0	0	2,500
TAKEDA PHARMACEUTICAL CO LTD	COM	006870445	71,751	2,757	SH		SOLE		0	0	2,757
TARGET CORP.	COM	87612E106	1,035,020	6,975	SH		SOLE		4,400	0	2,575
TECHTRONIC INDUSTRIES-SP ADR	ADR	87873R101	19,132	400	SH		SOLE		0	0	400
TELENOR ASA-ADR	ADR	87944W105	63,668	6,928	SH		SOLE		0	0	6,928
TELIA CO AB	COM	005978384	65,050	22,538	SH		SOLE		0	0	22,538
TERUMO CORP	COM	006885074	788,089	28,000	SH		SOLE		6,000	0	22,000
TESCO PLC	COM	00BLGZ986	150,009	64,981	SH		SOLE		0	0	64,981
TESLA MOTORS	COM	88160R101	693,894	2,616	SH		SOLE		2,250	0	366
TIM SA-ADR	ADR	88706T108	20,124	1,800	SH		SOLE		0	0	1,800
TJX COMPANIES INC.	COM	872540109	1,340,550	21,580	SH		SOLE		15,920	0	5,660
TOKIO MARINE HOLDINGS	ADR	889094108	114,210	2,146	SH		SOLE		0	0	2,146
TOKIO MARINE HOLDINGS INC	COM	006513126	797,437	45,000	SH		SOLE		9,000	0	36,000
TOTALENERGIES SE -SPON ADR	ADR	89151E109	93,040	2,000	SH		SOLE		0	0	2,000
TOYOTA MOTOR CORP	ADR	892331307	92,897	713	SH		SOLE		0	0	713
TREND MICRO INC-SPON ADR	ADR	89486M206	725,760	13,500	SH		SOLE		2,971	0	10,529
TRIMBLE NAVIGATION LTD	COM	896239100	1,448,629	26,693	SH		SOLE		17,000	0	9,693
TRUIST FINANCIAL CORP.	COM	89832Q109	806,927	18,533	SH		SOLE		11,900	0	6,633
TYLER TECHNOLOGIES INC	COM	902252105	347,500	1,000	SH		SOLE		1,000	0	0
TYSON FOOD CL A	COM	902494103	125,267	1,900	SH		SOLE		1,900	0	0
UBS AG-REG	COM	00BRJL176	681,299	46,326	SH		SOLE		10,276	0	36,050
UNICREDIT SPA-ADR	ADR	904678406	18,216	3,600	SH		SOLE		0	0	3,600
UNILEVER PLC	ADR	904767704	61,376	1,400	SH		SOLE		0	0	1,400
UNION PACIFIC CORP.	COM	907818108	1,285,812	6,600	SH		SOLE		5,400	0	1,200
UNITED HEALTHCARE	COM	91324P102	2,143,895	4,245	SH		SOLE		3,545	0	700
UNITED OVERSEAS BANK LTD	COM	006916781	721,957	39,600	SH		SOLE		8,750	0	30,850
UNITED OVERSEAS BANK-SP ADR	ADR	911271302	85,247	2,351	SH		SOLE		0	0	2,351
UNITED PARCEL SERVICE	COM	911312106	2,273,514	14,074	SH		SOLE		9,000	0	5,074
UNITED RENTALS	COM	911363109	1,298,737	4,808	SH		SOLE		3,100	0	1,708
US BANCORP	COM	902973304	205,632	5,100	SH		SOLE		5,100	0	0
VALEO SA	COM	00BDC5ST8	49,121	3,208	SH		SOLE		0	0	3,208
VALEO SA-SPON ADR	ADR	919134304	12,665	1,700	SH		SOLE		0	0	1,700
VEOLIA ENVIRONNEMENT	COM	004031879	548,373	28,400	SH		SOLE		6,300	0	22,100
VERISK ANALYTICS INC	COM	92345Y106	170,530	1,000	SH		SOLE		1,000	0	0
VERIZON COMM.	COM	92343V104	2,769,836	72,948	SH		SOLE		48,100	0	24,848
VINCI S.A.- ADR	ADR	927320101	96,958	4,825	SH		SOLE		0	0	4,825
VIPSHOP HOLDINGS LTD - ADR	ADR	92763W103	10,092	1,200	SH		SOLE		0	0	1,200
VISA INC	COM	92826C839	744,353	4,190	SH		SOLE		4,190	0	0
VISTRY GROUP PLC	COM	000185929	36,064	5,485	SH		SOLE		0	0	5,485
VODAFONE GP PLC	ADR	92857W209	94,198	8,314	SH		SOLE		0	0	8,314
VOLKSWAGEN A G-UNSPON ADR	COM	928662600	9,747	600	SH		SOLE		0	0	600
VONOVIA SE	COM	00BBJPFY1	32,584	1,516	SH		SOLE		0	0	1,516
VOYA FINANCIAL INC.	COM	929089100	2,302,872	38,064	SH		SOLE		24,320	0	13,744
VULCAN MATLS	COM	929160109	671,845	4,260	SH		SOLE		2,960	0	1,300
WAL MART STORES INC.	COM	931142103	1,045,641	8,062	SH		SOLE		5,100	0	2,962
WARNER BROS DISCOVERY	COM	934423104	169,594	14,747	SH		SOLE		9,443	0	5,304
WATSCO INC.	COM	942622200	411,936	1,600	SH		SOLE		1,600	0	0
WELLS FARGO & CO	COM	949746101	3,203,603	79,652	SH		SOLE		53,000	0	26,652
WELLTOWER INC.	COM	95040Q104	1,060,508	16,488	SH		SOLE		10,500	0	5,988
WEX INC.	COM	96208T104	936,817	7,380	SH		SOLE		4,700	0	2,680
WEYERHAEUSER CO.	COM	962166104	125,664	4,400	SH		SOLE		4,400	0	0
WILLIAMS COS.	COM	969457100	146,013	5,100	SH		SOLE		5,100	0	0
WOODSIDE ENERGY GROUP	COM	00BMGT167	883,116	43,384	SH		SOLE		9,592	0	33,792
WPP PLC	ADR	92937A102	55,318	1,343	SH		SOLE		0	0	1,343
WR BERKLEY CORP	COM	084423102	290,610	4,500	SH		SOLE		4,500	0	0
WYNN RESORTS LTD	COM	983134107	829,664	13,163	SH		SOLE		8,300	0	4,863
XYLEM INC	COM	98419M100	884,171	10,121	SH		SOLE		6,400	0	3,721
YPF S.A.	ADR	984245100	114,500	18,438	SH		SOLE		0	0	18,438
ZURICH FINANCIAL SVCS-ADR	ADR	989825104	162,899	4,095	SH		SOLE		0	0	4,095