Clifford Swan Investment Counsel 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
First Trust Low Duration Oppor	ETF	33739Q200	19,152	370,595	SH		SOLE		312,098	0	58,497
Flaherty & Crumrine Preferred	ETF	33848E106	139	12,500	SH		SOLE		12,500	0	0
iShares iBoxx $ Inv Grade Corp	ETF	464287242	403	2,997	SH		SOLE		2,047	0	950
iShares iBoxx H/Y Corp Bond ET	ETF	464288513	245	3,003	SH		SOLE		3,003	0	0
iShares S&P U.S. Preferred Sto	ETF	464288687	508	14,662	SH		SOLE		4,729	0	9,933
IShares Short-Term Corp Bond E	ETF	464288646	393	7,190	SH		SOLE		4,250	0	2,940
Nuveen Preferred & Income Secu	ETF	67072C105	162	19,166	SH		SOLE		19,166	0	0
PIMCO Enhanced Short Maturity	ETF	72201R833	2,055	20,208	SH		SOLE		16,635	0	3,573
PIMCO High Income Fund	ETF	722014107	239	44,500	SH		SOLE		44,500	0	0
Schwab U.S. TIPS ETF	ETF	808524870	781	13,020	SH		SOLE		13,020	0	0
SPDR DoubleLine Total Return T	ETF	78467V848	2,647	53,430	SH		SOLE		33,400	0	20,030
SPDR Wells Fargo Preferred Sto	ETF	78464A292	247	5,913	SH		SOLE		0	0	5,913
Vanguard Int Term Bond ETF	ETF	921937819	232	2,492	SH		SOLE		892	0	1,600
Vanguard Int Term Corp Bond ET	ETF	92206C870	460	4,835	SH		SOLE		3,360	0	1,475
Vanguard Short Term Bond ETF	ETF	921937827	565	6,792	SH		SOLE		4,747	0	2,045
Vanguard Short Term Corp Bond	ETF	92206C409	8,771	106,105	SH		SOLE		64,618	0	41,487
Vertical Capital Income Fund	ETF	92535C104	100	10,339	SH		SOLE		8,808	0	1,531
Western Asset Income Fund	ETF	95766T100	1,377	91,965	SH		SOLE		72,065	0	19,900
iShares MSCI EAFE Growth Index	ETF	464288885	245	2,951	SH		SOLE		2,951	0	0
iShares MSCI EAFE Index Fund	ETF	464287465	829	13,624	SH		SOLE		13,041	0	583
iShares MSCI Emerging Markets	ETF	464287234	1,178	29,451	SH		SOLE		28,492	0	959
Vanguard FTSE All World ex US	ETF	922042775	370	7,775	SH		SOLE		6,375	0	1,400
Vanguard FTSE Emerging Markets	ETF	922042858	482	12,161	SH		SOLE		12,161	0	0
Vanguard MSCI EAFE ETF	ETF	921943858	1,796	46,304	SH		SOLE		46,304	0	0
Global X S&P 500 Catholic Valu	ETF	37954Y889	2,018	52,950	SH		SOLE		52,950	0	0
Health Care Select Sector SPDR	ETF	81369Y209	561	5,606	SH		SOLE		5,606	0	0
IShares Core High Dividend ETF	ETF	46429B663	854	10,523	SH		SOLE		10,523	0	0
iShares Core S&P 500 ETF	ETF	464287200	2,214	7,150	SH		SOLE		7,150	0	0
iShares Core S&P Mid-Cap ETF	ETF	464287507	1,411	7,937	SH		SOLE		7,842	0	95
iShares Core S&P Small-Cap ETF	ETF	464287804	4,503	65,938	SH		SOLE		64,703	0	1,235
iShares Core S&P Total US Stoc	ETF	464287150	716	10,314	SH		SOLE		10,314	0	0
iShares DJ Select Dividend Ind	ETF	464287168	347	4,301	SH		SOLE		4,001	0	300
iShares DJ U.S. Technology Sec	ETF	464287721	1,349	5,000	SH		SOLE		5,000	0	0
iShares DJ US Housing	ETF	464288752	703	15,930	SH		SOLE		15,930	0	0
iShares Goldman Sachs Cons Svc	ETF	464287580	219	1,000	SH		SOLE		1,000	0	0
iShares Goldman Sachs Health C	ETF	464287762	216	1,000	SH		SOLE		1,000	0	0
iShares North American Tech	ETF	464287549	796	2,850	SH		SOLE		2,600	0	250
iShares Russell 1000 Growth	ETF	464287614	255	1,330	SH		SOLE		1,330	0	0
iShares Russell 2000 Index	ETF	464287655	327	2,282	SH		SOLE		2,282	0	0
iShares Russell Midcap Index	ETF	464287499	262	4,879	SH		SOLE		4,879	0	0
iShares S&P Midcap 400/Barra	ETF	464287705	201	1,514	SH		SOLE		1,514	0	0
iShares Tr Index Fd Russell 10	ETF	464287622	435	2,531	SH		SOLE		2,446	0	85
Kayne Anderson MLP Inv Com	ETF	486606106	130	24,700	SH		SOLE		24,700	0	0
PowerShares QQQ Trust Ser 1	ETF	46090E103	1,409	5,693	SH		SOLE		5,288	0	405
Schwab US Large-Cap Growth ETF	ETF	808524300	372	3,660	SH		SOLE		2,495	0	1,165
Select Sector SPDR Technology	ETF	81369Y803	3,921	37,524	SH		SOLE		37,524	0	0
Select Sector SPDR Utilities	ETF	81369Y886	333	5,900	SH		SOLE		5,900	0	0
SPDR Dow Jones Industrial Avg	ETF	78467X109	284	1,100	SH		SOLE		500	0	600
SPDR S&P 500 ETF	ETF	78462F103	6,368	20,650	SH		SOLE		19,770	0	880
SPDR S&P Dividend ETF	ETF	78464A763	327	3,583	SH		SOLE		2,523	0	1,060
SPDR S&P MidCap 400 ETF	ETF	78467Y107	803	2,476	SH		SOLE		2,346	0	130
Vanguard High Dividend Yield I	ETF	921946406	266	3,382	SH		SOLE		3,382	0	0
Vanguard REIT ETF	ETF	922908553	1,558	19,843	SH		SOLE		19,733	0	110
Vanguard S&P 500 ETF	ETF	922908363	4,717	16,644	SH		SOLE		16,644	0	0
Vanguard Small Cap ETF	ETF	922908751	742	5,089	SH		SOLE		5,089	0	0
Vanguard Total Stock Market ET	ETF	922908769	1,686	10,768	SH		SOLE		10,768	0	0
Vanguard Value ETF	ETF	922908744	548	5,499	SH		SOLE		5,499	0	0
Vanguard World Fds Inf Tech ET	ETF	92204A702	871	3,125	SH		SOLE		3,125	0	0
3M Company	COM	88579Y101	11,077	71,013	SH		SOLE		54,890	0	16,123
Abbott Labs	COM	002824100	25,048	273,954	SH		SOLE		235,930	0	38,024
AbbVie Inc.	COM	00287Y109	25,898	263,785	SH		SOLE		237,527	0	26,258
Accenture PLC	COM	G1151C101	47,455	221,010	SH		SOLE		195,896	0	25,114
Adobe Systems	COM	00724F101	1,035	2,377	SH		SOLE		2,177	0	200
Agilent Technologies Inc.	COM	00846U101	18,016	203,873	SH		SOLE		200,001	0	3,872
Akamai Technologies Inc.	COM	00971T101	6,541	61,080	SH		SOLE		47,005	0	14,075
Albemarle Corp.	COM	012653101	14,789	191,544	SH		SOLE		184,769	0	6,775
Alcon, Inc.	COM	H01301128	278	4,854	SH		SOLE		4,508	0	346
Alibaba Group Holding - SP ADR	COM	01609W102	1,119	5,187	SH		SOLE		5,162	0	25
Allegion Plc	COM	G0176J109	209	2,042	SH		SOLE		1,359	0	683
Allstate Corp.	COM	020002101	351	3,614	SH		SOLE		3,614	0	0
Alphabet Inc Class A	COM	02079K305	32,533	22,942	SH		SOLE		20,929	0	2,013
Alphabet Inc Class C	COM	02079K107	12,566	8,889	SH		SOLE		8,000	0	889
Altria Group, Inc.	COM	02209S103	5,122	130,493	SH		SOLE		90,694	0	39,799
Amazon Com Inc	COM	023135106	21,345	7,737	SH		SOLE		7,352	0	385
Amcor PLC	COM	G0250X107	114	11,175	SH		SOLE		11,175	0	0
America Movil S.A. de C.V. Ser	COM	02364W105	190	15,010	SH		SOLE		15,010	0	0
American Elec Pwr Inc.	COM	025537101	315	3,952	SH		SOLE		2,326	0	1,626
American Express Co.	COM	025816109	10,264	107,813	SH		SOLE		95,778	0	12,035
American Wtr Wks Inc.	COM	030420103	1,199	9,321	SH		SOLE		200	0	9,121
Ameriprise Financial, Inc.	COM	03076C106	403	2,689	SH		SOLE		2,539	0	150
Amgen, Inc.	COM	031162100	13,133	55,682	SH		SOLE		43,627	0	12,055
ANSYS, Inc.	COM	03662Q105	388	1,330	SH		SOLE		1,330	0	0
Apache Corp	COM	037411105	2,223	164,691	SH		SOLE		149,218	0	15,473
Apple Inc.	COM	037833100	99,275	272,135	SH		SOLE		245,445	0	26,690
Arista Networks Inc.	COM	040413106	13,150	62,609	SH		SOLE		52,340	0	10,269
Arthur J. Gallagher & Co.	COM	363576109	331	3,400	SH		SOLE		750	0	2,650
AT&T Inc.	COM	00206R102	5,672	187,643	SH		SOLE		161,356	0	26,287
Automatic Data Proc.	COM	053015103	9,531	64,017	SH		SOLE		47,879	0	16,138
Bank of America Corp	COM	060505104	1,414	59,522	SH		SOLE		57,212	0	2,310
Bank of New York Mellon Corp.	COM	064058100	11,208	289,983	SH		SOLE		266,097	0	23,886
Baxter International Inc	COM	071813109	1,116	12,957	SH		SOLE		11,987	0	970
Becton Dickinson & Co.	COM	075887109	3,298	13,783	SH		SOLE		9,563	0	4,220
Berkshire Hathaway (100=1 Clas	COM	084990175	1,337	500	SH		SOLE		500	0	0
Berkshire Hathaway A	COM	084670108	4,544	17	SH		SOLE		16	0	1
Berkshire Hathaway B	COM	084670702	42,659	238,974	SH		SOLE		211,227	0	27,747
Blackrock 2001	COM	09247X101	283	520	SH		SOLE		520	0	0
Blackstone Group Ord Shs Class	COM	09260D107	452	7,985	SH		SOLE		6,500	0	1,485
BlockRock Capital Investment C	COM	092533108	140	52,400	SH		SOLE		0	0	52,400
Boeing Co.	COM	097023105	16,095	87,809	SH		SOLE		81,923	0	5,886
Booking Holdings Inc.	COM	09857L108	678	426	SH		SOLE		332	0	94
Boswell J G Co	COM	101205102	2,157	4,420	SH		SOLE		4,420	0	0
BP PLC - Spons ADR	COM	055622104	5,559	238,373	SH		SOLE		201,354	0	37,019
Bristol-Myers Squibb Co.	COM	110122108	31,421	534,378	SH		SOLE		460,042	0	74,336
British American Tobacco PLC A	COM	110448107	347	8,945	SH		SOLE		1,545	0	7,400
Broadcom Ltd. Ordinary	COM	11135F101	566	1,792	SH		SOLE		1,672	0	120
Campbell Soup Co.	COM	134429109	447	9,003	SH		SOLE		9,003	0	0
Carmax, Inc.	COM	143130102	5,730	63,991	SH		SOLE		50,491	0	13,500
Carrier Global Corp	COM	14448C104	3,361	151,255	SH		SOLE		143,823	0	7,432
Casey's General Stores	COM	147528103	1,337	8,945	SH		SOLE		7,495	0	1,450
Caterpillar Inc.	COM	149123101	7,787	61,560	SH		SOLE		56,003	0	5,557
Cathay Intl Hld (London Exchan	COM	G1965E103	0	19,000	SH		SOLE		19,000	0	0
Cerner	COM	156782104	11,808	172,247	SH		SOLE		141,187	0	31,060
Chevron Corp.	COM	166764100	25,436	285,058	SH		SOLE		241,361	0	43,697
Cintas Corp.	COM	172908105	229	859	SH		SOLE		709	0	150
Cisco Systems, Inc.	COM	17275R102	20,534	440,273	SH		SOLE		385,939	0	54,334
Clorox Company	COM	189054109	3,603	16,426	SH		SOLE		11,417	0	5,009
CME Group Inc.	COM	12572Q105	367	2,260	SH		SOLE		170	0	2,090
Coca-Cola Company	COM	191216100	3,752	83,983	SH		SOLE		77,991	0	5,992
Colgate-Palmolive Co.	COM	194162103	22,149	302,331	SH		SOLE		277,921	0	24,410
Comcast Corp. Class A	COM	20030N101	688	17,648	SH		SOLE		16,032	0	1,616
Conagra Inc.	COM	205887102	548	15,579	SH		SOLE		15,579	0	0
ConocoPhillips	COM	20825C104	8,444	200,956	SH		SOLE		188,371	0	12,585
Consolidated Edison Inc.	COM	209115104	1,459	20,280	SH		SOLE		16,680	0	3,600
Corning Inc.	COM	219350105	243	9,400	SH		SOLE		9,400	0	0
Corteva, Inc.	COM	22052L104	11,733	437,977	SH		SOLE		385,613	0	52,364
Costco Wholesale Corp.	COM	22160K105	50,258	165,753	SH		SOLE		147,699	0	18,054
Crown Castle International Cor	COM	22822V101	215	1,283	SH		SOLE		53	0	1,230
CSX Corporation	COM	126408103	895	12,829	SH		SOLE		12,829	0	0
Cummins Inc	COM	231021106	3,522	20,325	SH		SOLE		7,671	0	12,654
CVS Health Corp.	COM	126650100	234	3,609	SH		SOLE		2,909	0	700
Danaher Corp.	COM	235851102	334	1,888	SH		SOLE		1,753	0	135
DCP Midstream, LP	COM	23311P100	233	20,597	SH		SOLE		0	0	20,597
Deere & Co.	COM	244199105	1,208	7,690	SH		SOLE		7,690	0	0
Discovery Inc.	COM	25470F302	15,411	800,180	SH		SOLE		685,835	0	114,345
Dominion Resources Inc.	COM	25746U109	444	5,465	SH		SOLE		5,465	0	0
Dormakaba Holding AG	COM	h1956e103	616	1,130	SH		SOLE		1,130	0	0
Dow Inc.	COM	260557103	2,163	53,074	SH		SOLE		45,738	0	7,336
DTE Energy Company	COM	233331107	280	2,600	SH		SOLE		2,600	0	0
Duke Energy Corp. New	COM	26441C204	652	8,162	SH		SOLE		2,095	0	6,067
DuPont De Nemours Inc.	COM	26614N102	16,184	304,608	SH		SOLE		262,549	0	42,059
DXC Technology Co	COM	23355L106	1,758	106,527	SH		SOLE		105,569	0	958
Eaton Corp. PLC	COM	G29183103	789	9,015	SH		SOLE		9,015	0	0
eBay Inc.	COM	278642103	11,280	215,071	SH		SOLE		172,478	0	42,593
Ecolab, Inc.	COM	278865100	2,333	11,729	SH		SOLE		10,854	0	875
Edgewell Personal Care Co	COM	28035Q102	5,094	163,487	SH		SOLE		163,487	0	0
Edison International	COM	281020107	325	5,975	SH		SOLE		5,975	0	0
Edwards Lifesciences Corp.	COM	28176E108	21,523	311,424	SH		SOLE		299,309	0	12,115
Electronic Arts	COM	285512109	413	3,125	SH		SOLE		3,125	0	0
Emerson Electric Co.	COM	291011104	23,326	376,046	SH		SOLE		304,173	0	71,873
Enbridge Inc.	COM	29250N105	317	10,419	SH		SOLE		7,045	0	3,374
Energizer Holdings Inc New	COM	29272W109	9,921	208,906	SH		SOLE		208,906	0	0
Energy Transfer LP	COM	29273V100	237	33,300	SH		SOLE		15,271	0	18,029
Enterprise Products Partners L	COM	293792107	1,184	65,154	SH		SOLE		26,160	0	38,994
Equity Residential	COM	29476L107	385	6,550	SH		SOLE		4,550	0	2,000
Essex Property Trust	COM	297178105	2,359	10,295	SH		SOLE		8,611	0	1,684
Eversource Energy	COM	30040W108	354	4,250	SH		SOLE		1,400	0	2,850
Expeditors Int'l Of Washington	COM	302130109	1,743	22,921	SH		SOLE		19,696	0	3,225
ExxonMobil Corporation	COM	30231G102	19,491	435,838	SH		SOLE		364,200	0	71,638
Facebook Inc	COM	30303M102	5,271	23,214	SH		SOLE		18,612	0	4,602
Farmers and Merchants Bank	COM	308243104	268	45	SH		SOLE		45	0	0
Fastenal Co.	COM	311900104	24,411	569,815	SH		SOLE		495,460	0	74,355
First Pacific Company LTD	COM	G34804107	4	19,860	SH		SOLE		19,860	0	0
Ford Motor Co.	COM	345370860	155	25,542	SH		SOLE		15,220	0	10,322
Franklin Resources Inc	COM	354613101	1,485	70,806	SH		SOLE		62,156	0	8,650
Gap Inc. Del	COM	364760108	2,941	233,057	SH		SOLE		206,725	0	26,332
GC International, Inc.	COM	361559107	8	77,500	SH		SOLE		77,500	0	0
General Electric	COM	369604103	5,289	774,362	SH		SOLE		682,351	0	92,011
General Mills Inc.	COM	370334104	5,664	91,867	SH		SOLE		64,191	0	27,676
Genuine Parts Co.	COM	372460105	348	4,000	SH		SOLE		4,000	0	0
Gilead Sciences Inc	COM	375558103	7,154	92,977	SH		SOLE		72,674	0	20,303
GlaxoSmithKline PLC-ADR	COM	37733W105	206	5,060	SH		SOLE		4,455	0	605
Goldman Sachs Group Inc.	COM	38141G104	4,970	25,151	SH		SOLE		23,600	0	1,551
Grainger Inc., W.W.	COM	384802104	345	1,098	SH		SOLE		478	0	620
Hewlett Packard Enterprise Co	COM	42824C109	10,679	1,097,538	SH		SOLE		1,083,783	0	13,755
Home Depot, Inc.	COM	437076102	11,897	47,493	SH		SOLE		36,986	0	10,507
Honeywell Int'l Inc.	COM	438516106	10,773	74,509	SH		SOLE		73,759	0	750
HP Inc.	COM	40434L105	20,963	1,202,692	SH		SOLE		1,185,041	0	17,651
ICON Public Limited Company	COM	G4705A100	330	1,960	SH		SOLE		1,960	0	0
Illinois Tool Works Inc.	COM	452308109	7,080	40,490	SH		SOLE		34,730	0	5,760
Illumina, Inc.	COM	452327109	217	585	SH		SOLE		585	0	0
Ingersol Rand Inc.	COM	45687V106	408	14,510	SH		SOLE		12,316	0	2,194
Intel Corp.	COM	458140100	37,470	626,280	SH		SOLE		561,769	0	64,512
Intercontinental Exchange	COM	45866F104	268	2,921	SH		SOLE		2,921	0	0
International Bus Mach	COM	459200101	13,301	110,131	SH		SOLE		85,064	0	25,068
Intuit Inc.	COM	461202103	16,467	55,597	SH		SOLE		49,393	0	6,204
Intuitive Surgical Inc.	COM	46120E602	548	961	SH		SOLE		961	0	0
Jacobs Engineering Group Inc.	COM	469814107	6,796	80,137	SH		SOLE		71,351	0	8,786
Johnson & Johnson	COM	478160104	40,947	291,170	SH		SOLE		243,860	0	47,309
Johnson Controls International	COM	G51502105	9,458	277,029	SH		SOLE		230,885	0	46,144
JPMorgan Chase & Co.	COM	46625H100	22,685	241,181	SH		SOLE		204,073	0	37,108
Kellogg Co.	COM	487836108	999	15,130	SH		SOLE		2,050	0	13,080
Keysight Technologies, Inc.	COM	49338L103	9,533	94,593	SH		SOLE		93,174	0	1,419
Kimberly-Clark Corp.	COM	494368103	1,359	9,613	SH		SOLE		8,945	0	668
Kraft Heinz Co Com	COM	500754106	819	25,672	SH		SOLE		21,899	0	3,773
L3Harris Technologies Inc.	COM	502431109	223	1,317	SH		SOLE		862	0	455
Laboratory Corp. of America	COM	50540R409	9,574	57,634	SH		SOLE		50,934	0	6,700
Lam Research Corp	COM	512807108	610	1,885	SH		SOLE		1,885	0	0
Lamb Weston Holdings, Inc	COM	513272104	257	4,024	SH		SOLE		4,024	0	0
Las Vegas Sands	COM	517834107	343	7,525	SH		SOLE		6,825	0	700
Life Storage Inc.	COM	53223X107	290	3,050	SH		SOLE		3,050	0	0
Lilly Eli & Co.	COM	532457108	858	5,229	SH		SOLE		1,649	0	3,580
Lincoln National Corp.	COM	534187109	291	7,923	SH		SOLE		7,630	0	293
Linde PLC	COM	G5494J103	236	1,114	SH		SOLE		950	0	164
Lockheed Martin Corp.	COM	539830109	5,814	15,932	SH		SOLE		15,932	0	0
Lowe's Companies	COM	548661107	37,612	278,360	SH		SOLE		243,579	0	34,781
Magellan Midstream Partners, L	COM	559080106	1,746	40,451	SH		SOLE		34,611	0	5,840
Marsh & McLennan Companies	COM	571748102	1,476	13,747	SH		SOLE		3,280	0	10,467
Mastercard Inc-Cl A	COM	57636Q104	702	2,374	SH		SOLE		2,374	0	0
McCormick & Co	COM	579780206	807	4,500	SH		SOLE		4,500	0	0
McDonald's Corp.	COM	580135101	18,590	100,773	SH		SOLE		83,351	0	17,422
McKesson Corp.	COM	58155Q103	10,097	65,813	SH		SOLE		59,963	0	5,850
Medtronic Plc.	COM	G5960L103	1,300	14,181	SH		SOLE		10,912	0	3,269
Merck & Co., Inc. New	COM	58933Y105	6,923	89,526	SH		SOLE		79,481	0	10,045
Microsoft Corp.	COM	594918104	78,890	387,648	SH		SOLE		316,048	0	71,600
Minerals Technologies Inc.	COM	603158106	485	10,327	SH		SOLE		9,227	0	1,100
Mondelez International	COM	609207105	12,085	236,368	SH		SOLE		201,172	0	35,195
Monster Beverage Corp.	COM	611740101	295	4,256	SH		SOLE		4,256	0	0
Nestle Sponsored ADR	COM	641069406	1,307	11,839	SH		SOLE		9,621	0	2,218
Netapp, Inc	COM	64110D104	595	13,405	SH		SOLE		12,825	0	580
Netflix	COM	64110L106	432	950	SH		SOLE		950	0	0
NewMarket Corp	COM	651587107	3,204	8,000	SH		SOLE		8,000	0	0
NextEra Energy Inc.	COM	65339F101	1,968	8,194	SH		SOLE		8,194	0	0
Nike, Inc.	COM	654106103	25,527	260,351	SH		SOLE		208,561	0	51,790
Nintendo Ltd. ADR	COM	654445303	2,630	47,055	SH		SOLE		36,305	0	10,750
Nordstrom Inc.	COM	655664100	2,611	168,578	SH		SOLE		150,743	0	17,835
Norfolk Southern Corp.	COM	655844108	1,314	7,486	SH		SOLE		5,185	0	2,301
Northrop Grumman Corp.	COM	666807102	7,336	23,863	SH		SOLE		23,863	0	0
Novartis AG ADS	COM	66987V109	9,000	103,040	SH		SOLE		94,556	0	8,484
Novo Nordisk ADR	COM	670100205	8,168	124,747	SH		SOLE		113,347	0	11,400
Nucor Corp.	COM	670346105	1,098	26,522	SH		SOLE		24,371	0	2,151
NVIDA Corp.	COM	67066G104	441	1,162	SH		SOLE		1,162	0	0
Occidental Petroleum	COM	674599105	2,952	161,296	SH		SOLE		135,009	0	26,287
Old Republic International Cor	COM	680223104	208	12,781	SH		SOLE		0	0	12,781
Oneok Inc	COM	682680103	1,549	46,626	SH		SOLE		40,766	0	5,860
Oracle Systems	COM	68389X105	23,225	420,209	SH		SOLE		381,308	0	38,901
Otis Worldwide Corp	COM	68902V107	3,834	67,424	SH		SOLE		63,712	0	3,712
Parker Hannifin Corp.	COM	701094104	4,878	26,617	SH		SOLE		4,975	0	21,642
Paychex Inc	COM	704326107	572	7,550	SH		SOLE		4,520	0	3,030
Paypal Hldgs Inc Com	COM	70450Y103	41,756	239,658	SH		SOLE		217,093	0	22,565
PepsiCo Inc.	COM	713448108	17,136	129,565	SH		SOLE		102,756	0	26,809
Perspecta Inc.	COM	715347100	1,159	49,880	SH		SOLE		49,451	0	429
Pfizer, Inc.	COM	717081103	15,017	459,244	SH		SOLE		407,994	0	51,250
Philip Morris Intl	COM	718172109	8,644	123,376	SH		SOLE		98,211	0	25,165
Phillips 66	COM	718546104	1,460	20,307	SH		SOLE		16,427	0	3,880
Plains All American Pipeline L	COM	726503105	586	66,336	SH		SOLE		43,924	0	22,412
Post Holdings, Inc.	COM	737446104	3,223	36,786	SH		SOLE		28,786	0	8,000
PPG Industries, Inc.	COM	693506107	491	4,628	SH		SOLE		3,696	0	932
Procter & Gamble Co.	COM	742718109	25,226	210,976	SH		SOLE		175,555	0	35,421
Profile technologies - NO No	COM	743164105	0	13,500	SH		SOLE		13,500	0	0
PS Business Parks Inc	COM	69360J107	643	4,854	SH		SOLE		4,854	0	0
Public Storage	COM	74460D109	5,490	28,610	SH		SOLE		26,376	0	2,234
Qualcomm, Inc	COM	747525103	23,889	261,907	SH		SOLE		207,067	0	54,840
Quanta Services, Inc.	COM	74762E102	667	17,000	SH		SOLE		0	0	17,000
Raytheon Technologies Corp	COM	75513E101	10,500	170,391	SH		SOLE		159,256	0	11,135
Realty Income Corp.	COM	756109104	1,268	21,313	SH		SOLE		20,213	0	1,100
Resideo Technologies, Inc.	COM	76118Y104	168	14,349	SH		SOLE		14,349	0	0
Roche Dividend Right Cert	COM	771192895	347	1,000	SH		SOLE		1,000	0	0
Roche Holdings Ltd-Spons ADR	COM	771195104	339	7,820	SH		SOLE		7,820	0	0
Rockwell Automation, Inc.	COM	773903109	513	2,409	SH		SOLE		1,365	0	1,044
Royal Dutch Shell PLC-ADR A	COM	780259206	595	18,202	SH		SOLE		17,502	0	700
S&P Global Inc	COM	78409V104	558	1,695	SH		SOLE		1,205	0	490
Sanofi-Aventis ADR	COM	80105N105	408	8,000	SH		SOLE		8,000	0	0
Schlumberger Ltd	COM	806857108	7,688	418,047	SH		SOLE		365,296	0	52,751
Sempra Energy	COM	816851109	981	8,365	SH		SOLE		4,965	0	3,400
Simpson Manufacturing Co	COM	829073105	1,869	22,156	SH		SOLE		22,156	0	0
Southern Company	COM	842587107	819	15,801	SH		SOLE		7,716	0	8,085
Southwest Airlines	COM	844741108	581	17,004	SH		SOLE		16,169	0	835
Stanley Black and Decker Corp.	COM	854502101	636	4,565	SH		SOLE		4,565	0	0
Starbucks Corp.	COM	855244109	9,008	122,406	SH		SOLE		113,147	0	9,259
Starwood Property Trust Inc. R	COM	85571B105	171	11,459	SH		SOLE		0	0	11,459
Stericycle, Inc.	COM	858912108	2,875	51,365	SH		SOLE		44,915	0	6,450
Stryker Corporation	COM	863667101	24,030	133,358	SH		SOLE		118,055	0	15,303
Sysco Corp.	COM	871829107	11,177	204,481	SH		SOLE		155,285	0	49,196
T. Rowe Price Group	COM	74144T108	373	3,020	SH		SOLE		3,020	0	0
Taiwan Semiconductor Manuf. Co	COM	874039100	241	4,250	SH		SOLE		250	0	4,000
Tapestry Inc.	COM	876030107	3,618	272,425	SH		SOLE		261,295	0	11,130
Target Corp	COM	87612E106	6,133	51,140	SH		SOLE		44,300	0	6,840
Tesla Motors Inc	COM	88160R101	248	230	SH		SOLE		230	0	0
Teva Pharmaceutical Industries	COM	881624209	166	13,500	SH		SOLE		13,100	0	400
Texas Instruments	COM	882508104	6,051	47,661	SH		SOLE		38,708	0	8,953
The Charles Schwab Corporation	COM	808513105	583	17,277	SH		SOLE		14,277	0	3,000
The Walt Disney Company	COM	254687106	24,840	222,756	SH		SOLE		194,972	0	27,784
TJX Companies	COM	872540109	2,019	39,928	SH		SOLE		39,358	0	570
Toro Co.	COM	891092108	680	10,255	SH		SOLE		0	0	10,255
Tractor Supply Company	COM	892356106	27,859	211,389	SH		SOLE		184,467	0	26,922
Trane Technologies Public Limi	COM	G8994E103	1,500	16,862	SH		SOLE		14,372	0	2,490
Transocean Ltd.	COM	H8817H100	73	40,101	SH		SOLE		39,901	0	200
Tredegar Corporation	COM	894650100	246	16,000	SH		SOLE		16,000	0	0
U.S. Bancorp	COM	902973304	562	15,274	SH		SOLE		11,274	0	4,000
Unilever N V	COM	904784709	507	9,521	SH		SOLE		9,521	0	0
Union Pacific	COM	907818108	12,248	72,445	SH		SOLE		67,498	0	4,947
United Parcel Service	COM	911312106	65,242	586,810	SH		SOLE		552,071	0	34,740
UnitedHealth Group Inc.	COM	91324P102	10,546	35,755	SH		SOLE		33,545	0	2,210
Vereit, Inc REIT	COM	92339v100	78	12,200	SH		SOLE		0	0	12,200
Verizon Comm.	COM	92343V104	10,574	191,798	SH		SOLE		161,699	0	30,099
Visa Inc.	COM	92826C839	1,400	7,246	SH		SOLE		6,664	0	581
VMware, Inc.	COM	928563402	4,193	27,073	SH		SOLE		19,708	0	7,365
Vodafone Group PLC New	COM	92857W308	4,508	282,824	SH		SOLE		262,110	0	20,714
Wal-Mart Stores, Inc.	COM	931142103	9,913	82,760	SH		SOLE		73,594	0	9,166
Walgreens Boots Alliance Inc.	COM	931427108	12,202	287,859	SH		SOLE		240,471	0	47,388
Waste Management Inc.	COM	94106L109	212	2,004	SH		SOLE		1,829	0	175
Wec Energy Group Inc	COM	92939U106	902	10,292	SH		SOLE		280	0	10,012
Wells Fargo & Co.	COM	949746101	21,227	829,178	SH		SOLE		766,427	0	62,751
Weyerhaeuser Co.	COM	962166104	2,782	123,847	SH		SOLE		123,847	0	0
Xilinx Inc	COM	983919101	367	3,725	SH		SOLE		225	0	3,500
Zimmer Biomet Hldgs Inc Com	COM	98956P102	693	5,802	SH		SOLE		5,412	0	390
iShares Gold Trust	AA	464285105	303	17,860	SH		SOLE		17,860	0	0
SPDR Gold Trust	AA	78463V107	4,071	24,321	SH		SOLE		22,921	0	1,400
Sprott Physical Gold Trust ETV	AA	85207H104	301	21,000	SH		SOLE		21,000	0	0