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 |
AFLAC Inc. | COM | 001055102 | 10,649,682 | 119,244 | SH | | SOLE | | 119,244 | 0 | 0 |
AGCO Corp | COM | 001084102 | 408,160 | 4,170 | SH | | SOLE | | 4,170 | 0 | 0 |
AT & T, Inc. New | COM | 00206r102 | 443,323 | 23,198 | SH | | SOLE | | 23,198 | 0 | 0 |
AbbVie, Inc. | COM | 00287y109 | 5,778,337 | 33,689 | SH | | SOLE | | 33,689 | 0 | 0 |
Abbott Laboratories | COM | 002824100 | 7,385,965 | 71,080 | SH | | SOLE | | 71,080 | 0 | 0 |
Adobe Systems Inc | COM | 00724F101 | 362,768 | 653 | SH | | SOLE | | 653 | 0 | 0 |
Alaska Air Group Inc. | COM | 011659109 | 354,308 | 8,770 | SH | | SOLE | | 8,770 | 0 | 0 |
Alphabet, Inc Non-Voting Class | COM | 02079k107 | 908,663 | 4,954 | SH | | SOLE | | 4,954 | 0 | 0 |
Alphabet, Inc Voting Class | COM | 02079k305 | 15,934,846 | 87,482 | SH | | SOLE | | 87,482 | 0 | 0 |
Altria Group Inc. | COM | 02209s103 | 6,945,500 | 152,481 | SH | | SOLE | | 152,481 | 0 | 0 |
Amazon.com, Inc. | COM | 023135106 | 1,138,242 | 5,890 | SH | | SOLE | | 5,890 | 0 | 0 |
American Express Co. | COM | 025816109 | 1,643,542 | 7,098 | SH | | SOLE | | 7,098 | 0 | 0 |
American International Group | COM | 026874784 | 7,882,358 | 106,174 | SH | | SOLE | | 106,174 | 0 | 0 |
Ameriprise Financial Inc. | COM | 03076c106 | 2,170,552 | 5,081 | SH | | SOLE | | 5,081 | 0 | 0 |
Amgen Inc. | COM | 031162100 | 2,723,002 | 8,715 | SH | | SOLE | | 8,715 | 0 | 0 |
Andersons Inc. | COM | 034164103 | 219,381 | 4,423 | SH | | SOLE | | 4,423 | 0 | 0 |
Apple, Inc. | COM | 037833100 | 6,095,343 | 28,940 | SH | | SOLE | | 28,940 | 0 | 0 |
Applied Materials Inc Delaware | COM | 038222105 | 302,775 | 1,283 | SH | | SOLE | | 1,283 | 0 | 0 |
Automatic Data Processing | COM | 053015103 | 1,831,946 | 7,675 | SH | | SOLE | | 7,675 | 0 | 0 |
Bank of America Corp | COM | 060505104 | 13,283,051 | 333,997 | SH | | SOLE | | 333,997 | 0 | 0 |
Bank of New York Mellon Corp | COM | 064058100 | 13,319,476 | 222,399 | SH | | SOLE | | 222,399 | 0 | 0 |
Becton Dickinson & Co | COM | 075887109 | 3,076,792 | 13,165 | SH | | SOLE | | 13,165 | 0 | 0 |
Berkshire Hathaway Inc. Class | COM | 084670702 | 10,148,846 | 24,948 | SH | | SOLE | | 24,948 | 0 | 0 |
Biogen Inc. | COM | 09062x103 | 3,760,120 | 16,220 | SH | | SOLE | | 16,220 | 0 | 0 |
Boeing Company | COM | 097023105 | 2,583,632 | 14,195 | SH | | SOLE | | 14,195 | 0 | 0 |
Booking Holdings Inc. | COM | 09857L108 | 8,517,225 | 2,150 | SH | | SOLE | | 2,150 | 0 | 0 |
Bristol Myers Squibb Co. | COM | 110122108 | 1,019,384 | 24,546 | SH | | SOLE | | 24,546 | 0 | 0 |
CSX Corp | COM | 126408103 | 253,083 | 7,566 | SH | | SOLE | | 7,566 | 0 | 0 |
CVS Health Corp. | COM | 126650100 | 6,239,912 | 105,654 | SH | | SOLE | | 105,654 | 0 | 0 |
Caterpillar Inc. | COM | 149123101 | 1,075,913 | 3,230 | SH | | SOLE | | 3,230 | 0 | 0 |
Celanese Corp | COM | 150870103 | 3,784,879 | 28,059 | SH | | SOLE | | 28,059 | 0 | 0 |
Central Pacific Financial Corp | COM | 154760409 | 1,842,280 | 86,900 | SH | | SOLE | | 86,900 | 0 | 0 |
Chevron Corp. | COM | 166764100 | 4,055,971 | 25,930 | SH | | SOLE | | 25,930 | 0 | 0 |
Cisco Sys Inc. | COM | 17275R102 | 2,156,621 | 45,393 | SH | | SOLE | | 45,393 | 0 | 0 |
Citigroup Inc. | COM | 172967424 | 4,480,022 | 70,596 | SH | | SOLE | | 70,596 | 0 | 0 |
Coca-Cola Company | COM | 191216100 | 6,046,485 | 94,996 | SH | | SOLE | | 94,996 | 0 | 0 |
Cognizant Technology Solutions | COM | 192446102 | 2,720,748 | 40,011 | SH | | SOLE | | 40,011 | 0 | 0 |
Comcast Corp Cl A | COM | 20030n101 | 3,658,366 | 93,421 | SH | | SOLE | | 93,421 | 0 | 0 |
ConAgra Foods Inc. | COM | 205887102 | 670,712 | 23,600 | SH | | SOLE | | 23,600 | 0 | 0 |
ConocoPhillips | COM | 20825c104 | 3,262,918 | 28,527 | SH | | SOLE | | 28,527 | 0 | 0 |
Corning Inc | COM | 219350105 | 5,071,906 | 130,551 | SH | | SOLE | | 130,551 | 0 | 0 |
Corteva, Inc. | COM | 22052L104 | 3,077,169 | 57,048 | SH | | SOLE | | 57,048 | 0 | 0 |
Costco Wholesale Corp | COM | 22160k105 | 6,410,808 | 7,542 | SH | | SOLE | | 7,542 | 0 | 0 |
DR Horton, Inc | COM | 23331a109 | 2,381,717 | 16,900 | SH | | SOLE | | 16,900 | 0 | 0 |
Deere & Co | COM | 244199105 | 246,596 | 660 | SH | | SOLE | | 660 | 0 | 0 |
Delta Airlines - New | COM | 247361702 | 290,570 | 6,125 | SH | | SOLE | | 6,125 | 0 | 0 |
Devon Energy Corp. | COM | 25179m103 | 284,400 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
Domino's Pizza Inc. | COM | 25754a201 | 309,798 | 600 | SH | | SOLE | | 600 | 0 | 0 |
Dow Inc. | COM | 260557103 | 2,942,259 | 55,462 | SH | | SOLE | | 55,462 | 0 | 0 |
DuPont de Nemours, Inc | COM | 26614n102 | 3,889,035 | 48,317 | SH | | SOLE | | 48,317 | 0 | 0 |
Elevance Health Inc. | COM | 036752103 | 20,159,901 | 37,205 | SH | | SOLE | | 37,205 | 0 | 0 |
Eli Lilly & Co | COM | 532457108 | 605,699 | 669 | SH | | SOLE | | 669 | 0 | 0 |
Equifax Inc. | COM | 294429105 | 242,460 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
Exxon Mobil Corp | COM | 30231G102 | 1,518,711 | 13,192 | SH | | SOLE | | 13,192 | 0 | 0 |
Fedex Corp | COM | 31428X106 | 2,854,902 | 9,521 | SH | | SOLE | | 9,521 | 0 | 0 |
Ford Motor Co.- New | COM | 345370860 | 158,832 | 12,666 | SH | | SOLE | | 12,666 | 0 | 0 |
Forrester Research Inc. | COM | 346563109 | 331,147 | 19,388 | SH | | SOLE | | 19,388 | 0 | 0 |
Franklin Resources Inc. | COM | 354613101 | 1,286,868 | 57,578 | SH | | SOLE | | 57,578 | 0 | 0 |
GE Aerospace | COM | 369604301 | 332,406 | 2,091 | SH | | SOLE | | 2,091 | 0 | 0 |
Gates Industrial Corporation P | COM | g39108108 | 2,568,319 | 162,449 | SH | | SOLE | | 162,449 | 0 | 0 |
General Dynamics | COM | 369550108 | 313,931 | 1,082 | SH | | SOLE | | 1,082 | 0 | 0 |
General Motors Company | COM | 37045v100 | 1,512,366 | 32,552 | SH | | SOLE | | 32,552 | 0 | 0 |
Genuine Parts Co | COM | 372460105 | 1,017,759 | 7,358 | SH | | SOLE | | 7,358 | 0 | 0 |
Gilead Sciences Inc. | COM | 375558103 | 811,313 | 11,825 | SH | | SOLE | | 11,825 | 0 | 0 |
Grand Canyon Education, Inc. | COM | 38526m106 | 2,022,399 | 14,455 | SH | | SOLE | | 14,455 | 0 | 0 |
H&R Block Inc. | COM | 093671105 | 2,686,012 | 49,530 | SH | | SOLE | | 49,530 | 0 | 0 |
HP Inc. | COM | 40434L105 | 425,913 | 12,162 | SH | | SOLE | | 12,162 | 0 | 0 |
Hershey Company | COM | 427866108 | 2,042,351 | 11,110 | SH | | SOLE | | 11,110 | 0 | 0 |
Hewlett Packard Enterprise Co. | COM | 42824c109 | 282,810 | 13,359 | SH | | SOLE | | 13,359 | 0 | 0 |
Home Depot Inc. | COM | 437076102 | 8,600,235 | 24,983 | SH | | SOLE | | 24,983 | 0 | 0 |
Illinois Tool Works Inc. | COM | 452308109 | 265,158 | 1,119 | SH | | SOLE | | 1,119 | 0 | 0 |
Ingersoll Rand Inc. | COM | 45687v106 | 550,036 | 6,055 | SH | | SOLE | | 6,055 | 0 | 0 |
Intel Corp. | COM | 458140100 | 756,814 | 24,437 | SH | | SOLE | | 24,437 | 0 | 0 |
International Flavors & Fragra | COM | 459506101 | 338,567 | 3,556 | SH | | SOLE | | 3,556 | 0 | 0 |
Interpublic Group | COM | 460690100 | 242,756 | 8,345 | SH | | SOLE | | 8,345 | 0 | 0 |
J P Morgan Chase & Co. | COM | 46625h100 | 229,970 | 1,137 | SH | | SOLE | | 1,137 | 0 | 0 |
Johnson & Johnson | COM | 478160104 | 10,637,379 | 72,779 | SH | | SOLE | | 72,779 | 0 | 0 |
KLA Corporation | COM | 482480100 | 688,466 | 835 | SH | | SOLE | | 835 | 0 | 0 |
Kenvue Inc. | COM | 49177j102 | 446,155 | 24,541 | SH | | SOLE | | 24,541 | 0 | 0 |
Keurig Dr. Pepper Inc. | COM | 49271v100 | 2,224,574 | 66,604 | SH | | SOLE | | 66,604 | 0 | 0 |
Kroger Co. | COM | 501044101 | 18,401,102 | 368,538 | SH | | SOLE | | 368,538 | 0 | 0 |
Lamb Weston Holdings | COM | 513272104 | 336,740 | 4,005 | SH | | SOLE | | 4,005 | 0 | 0 |
Lincoln Educational | COM | 533535100 | 2,826,523 | 238,324 | SH | | SOLE | | 238,324 | 0 | 0 |
Lockheed Martin Corp | COM | 539830109 | 695,045 | 1,488 | SH | | SOLE | | 1,488 | 0 | 0 |
Lowes Companies | COM | 548661107 | 8,544,809 | 38,759 | SH | | SOLE | | 38,759 | 0 | 0 |
Manitex Intl | COM | 563420108 | 725,860 | 163,851 | SH | | SOLE | | 163,851 | 0 | 0 |
ManpowerGroup Inc. | COM | 56418h100 | 270,964 | 3,882 | SH | | SOLE | | 3,882 | 0 | 0 |
Marsh & McLennan Co. | COM | 571748102 | 7,502,686 | 35,605 | SH | | SOLE | | 35,605 | 0 | 0 |
Mastercard Inc. | COM | 57636q104 | 16,996,130 | 38,526 | SH | | SOLE | | 38,526 | 0 | 0 |
McDonalds Corp | COM | 580135101 | 2,879,947 | 11,301 | SH | | SOLE | | 11,301 | 0 | 0 |
Merck & Co.Inc. New | COM | 58933y105 | 14,917,405 | 120,496 | SH | | SOLE | | 120,496 | 0 | 0 |
Meta Platforms, Inc. | COM | 30303m102 | 7,354,049 | 14,585 | SH | | SOLE | | 14,585 | 0 | 0 |
Microsoft Corp. | COM | 594918104 | 49,546,266 | 110,854 | SH | | SOLE | | 110,854 | 0 | 0 |
Molson Coors Brewing Co | COM | 60871r209 | 5,589,593 | 109,966 | SH | | SOLE | | 109,966 | 0 | 0 |
Mondelez International, Inc. | COM | 609207105 | 2,340,069 | 35,759 | SH | | SOLE | | 35,759 | 0 | 0 |
Monster Beverage Corp. | COM | 61174x109 | 3,576,420 | 71,600 | SH | | SOLE | | 71,600 | 0 | 0 |
Nike Inc Class B | COM | 654106103 | 1,043,196 | 13,841 | SH | | SOLE | | 13,841 | 0 | 0 |
Nucor Corp | COM | 670346105 | 307,940 | 1,948 | SH | | SOLE | | 1,948 | 0 | 0 |
Nvidia Corp | COM | 67066g104 | 324,910 | 2,630 | SH | | SOLE | | 2,630 | 0 | 0 |
Occidental Petroleum Corp | COM | 674599105 | 448,585 | 7,117 | SH | | SOLE | | 7,117 | 0 | 0 |
Oracle Corp | COM | 68389X105 | 1,776,720 | 12,583 | SH | | SOLE | | 12,583 | 0 | 0 |
Organon & Co. | COM | 68622v106 | 770,247 | 37,210 | SH | | SOLE | | 37,210 | 0 | 0 |
Paramount Global B | COM | 92556h206 | 190,667 | 18,351 | SH | | SOLE | | 18,351 | 0 | 0 |
Parker-Hannifin Corp. | COM | 701094104 | 1,144,142 | 2,262 | SH | | SOLE | | 2,262 | 0 | 0 |
Paychex Inc. | COM | 704326107 | 4,856,573 | 40,963 | SH | | SOLE | | 40,963 | 0 | 0 |
Pepsico Inc. | COM | 713448108 | 13,262,681 | 80,414 | SH | | SOLE | | 80,414 | 0 | 0 |
Pfizer Inc. | COM | 717081103 | 1,924,396 | 68,778 | SH | | SOLE | | 68,778 | 0 | 0 |
Philip Morris International | COM | 718172109 | 21,696,780 | 214,120 | SH | | SOLE | | 214,120 | 0 | 0 |
Phillips 66 | COM | 718546104 | 2,467,652 | 17,480 | SH | | SOLE | | 17,480 | 0 | 0 |
Procter & Gamble Co. | COM | 742718109 | 3,274,322 | 19,854 | SH | | SOLE | | 19,854 | 0 | 0 |
Qualcomm Inc | COM | 747525103 | 605,906 | 3,042 | SH | | SOLE | | 3,042 | 0 | 0 |
Quest Diagnostics Inc. | COM | 74834L100 | 3,862,069 | 28,215 | SH | | SOLE | | 28,215 | 0 | 0 |
RTX Corp. | COM | 75513e101 | 3,508,129 | 34,945 | SH | | SOLE | | 34,945 | 0 | 0 |
SM Energy Company | COM | 78454L100 | 215,718 | 4,990 | SH | | SOLE | | 4,990 | 0 | 0 |
Sally Beauty Holdings Inc. | COM | 79546e104 | 964,380 | 89,877 | SH | | SOLE | | 89,877 | 0 | 0 |
Starbucks Corp | COM | 855244109 | 967,208 | 12,424 | SH | | SOLE | | 12,424 | 0 | 0 |
Stryker Corporation | COM | 863667101 | 256,889 | 755 | SH | | SOLE | | 755 | 0 | 0 |
Tapestry Inc. | COM | 876030107 | 310,441 | 7,255 | SH | | SOLE | | 7,255 | 0 | 0 |
The Cigna Group | COM | 125523100 | 8,736,965 | 26,430 | SH | | SOLE | | 26,430 | 0 | 0 |
The Kraft Heinz Company | COM | 500754106 | 317,979 | 9,869 | SH | | SOLE | | 9,869 | 0 | 0 |
The Mosaic Company | COM | 61945c103 | 1,751,193 | 60,595 | SH | | SOLE | | 60,595 | 0 | 0 |
The Travelers Companies Inc. | COM | 89417e109 | 9,559,216 | 47,011 | SH | | SOLE | | 47,011 | 0 | 0 |
The Walt Disney Co. | COM | 254687106 | 1,492,031 | 15,027 | SH | | SOLE | | 15,027 | 0 | 0 |
US Bancorp Delaware New | COM | 902973304 | 516,457 | 13,009 | SH | | SOLE | | 13,009 | 0 | 0 |
Ulta Beauty, Inc. | COM | 90384s303 | 354,229 | 918 | SH | | SOLE | | 918 | 0 | 0 |
Union Pacific Corp | COM | 907818108 | 2,113,268 | 9,340 | SH | | SOLE | | 9,340 | 0 | 0 |
United Parcel Service Inc. | COM | 911312106 | 2,118,670 | 15,482 | SH | | SOLE | | 15,482 | 0 | 0 |
UnitedHealth Group Inc. | COM | 91324p102 | 33,904,084 | 66,575 | SH | | SOLE | | 66,575 | 0 | 0 |
Unum Group | COM | 91529y106 | 3,021,930 | 59,126 | SH | | SOLE | | 59,126 | 0 | 0 |
Valero Energy Corp. | COM | 91913y100 | 9,276,411 | 59,176 | SH | | SOLE | | 59,176 | 0 | 0 |
Verizon Communications | COM | 92343V104 | 1,345,455 | 32,625 | SH | | SOLE | | 32,625 | 0 | 0 |
Visa, Inc. | COM | 92826c839 | 10,940,275 | 41,682 | SH | | SOLE | | 41,682 | 0 | 0 |
Wal Mart Stores | COM | 931142103 | 9,985,465 | 147,474 | SH | | SOLE | | 147,474 | 0 | 0 |
Warner Bros. Discovery, Inc. | COM | 934423104 | 1,113,456 | 149,658 | SH | | SOLE | | 149,658 | 0 | 0 |
Washington Federal | COM | 938824109 | 1,116,049 | 39,050 | SH | | SOLE | | 39,050 | 0 | 0 |
Waste Management Inc. Del | COM | 94106L109 | 342,837 | 1,607 | SH | | SOLE | | 1,607 | 0 | 0 |
Wells Fargo & Co. | COM | 949746101 | 1,918,416 | 32,302 | SH | | SOLE | | 32,302 | 0 | 0 |
Western Union Company | COM | 959802109 | 287,048 | 23,490 | SH | | SOLE | | 23,490 | 0 | 0 |
Weyerhaeuser Co. | COM | 962166104 | 304,227 | 10,716 | SH | | SOLE | | 10,716 | 0 | 0 |
Yum! Brands, Inc. | COM | 988498101 | 1,506,070 | 11,370 | SH | | SOLE | | 11,370 | 0 | 0 |
Zimmer Biomet Holdings | COM | 98956p102 | 6,674,921 | 61,503 | SH | | SOLE | | 61,503 | 0 | 0 |
AON Plc | FOR | g0403h108 | 1,105,916 | 3,767 | SH | | SOLE | | 3,767 | 0 | 0 |
ASML Holding N.V. | FOR | n07059210 | 283,296 | 277 | SH | | SOLE | | 277 | 0 | 0 |
Alibaba Group Holding Limited | FOR | 01609w102 | 702,288 | 9,754 | SH | | SOLE | | 9,754 | 0 | 0 |
Alkermes PLC | FOR | g01767105 | 286,573 | 11,891 | SH | | SOLE | | 11,891 | 0 | 0 |
Allegion PLC | FOR | g0176j109 | 425,931 | 3,605 | SH | | SOLE | | 3,605 | 0 | 0 |
America Movil ADR | FOR | 02390a101 | 1,389,597 | 81,741 | SH | | SOLE | | 81,741 | 0 | 0 |
Arch Capital Group Ltd | FOR | g0450a105 | 353,115 | 3,500 | SH | | SOLE | | 3,500 | 0 | 0 |
Arcos Dorados Hldgs. | FOR | g0457f107 | 2,762,379 | 306,931 | SH | | SOLE | | 306,931 | 0 | 0 |
BP p.l.c. | FOR | 055622104 | 6,981,523 | 193,394 | SH | | SOLE | | 193,394 | 0 | 0 |
British American Tobacco | FOR | 110448107 | 5,777,600 | 186,796 | SH | | SOLE | | 186,796 | 0 | 0 |
CAE Inc. | FOR | 124765108 | 981,581 | 52,830 | SH | | SOLE | | 52,830 | 0 | 0 |
Colliers International Group | FOR | 194693107 | 799,414 | 7,160 | SH | | SOLE | | 7,160 | 0 | 0 |
Diageo PLC ADR | FOR | 25243q205 | 1,611,807 | 12,784 | SH | | SOLE | | 12,784 | 0 | 0 |
Ferguson PLC | FOR | g3421j106 | 203,332 | 1,050 | SH | | SOLE | | 1,050 | 0 | 0 |
FirstService Corp Voting Share | FOR | 33767e202 | 1,047,239 | 6,873 | SH | | SOLE | | 6,873 | 0 | 0 |
Glaxo SmithKline ADS | FOR | 37733W204 | 1,214,752 | 31,552 | SH | | SOLE | | 31,552 | 0 | 0 |
Haleon PLC | FOR | 405552100 | 343,533 | 41,590 | SH | | SOLE | | 41,590 | 0 | 0 |
Johnson Controls Intl. PLC | FOR | g51502105 | 259,167 | 3,899 | SH | | SOLE | | 3,899 | 0 | 0 |
LyondellBasell Industries N.V. | FOR | n53745100 | 6,308,873 | 65,951 | SH | | SOLE | | 65,951 | 0 | 0 |
Medtronic PLC | FOR | g5960L103 | 11,298,191 | 143,542 | SH | | SOLE | | 143,542 | 0 | 0 |
Nokia Corp Sponsored ADR | FOR | 654902204 | 44,404 | 11,747 | SH | | SOLE | | 11,747 | 0 | 0 |
Shell PLC | FOR | 780259305 | 1,179,854 | 16,346 | SH | | SOLE | | 16,346 | 0 | 0 |
Taiwan Semiconductor Manufactu | FOR | 874039100 | 953,695 | 5,487 | SH | | SOLE | | 5,487 | 0 | 0 |
Telefonica S.A. ADR | FOR | 879382208 | 695,135 | 165,115 | SH | | SOLE | | 165,115 | 0 | 0 |
Toyota Motor Corp ADR | FOR | 892331307 | 292,902 | 1,429 | SH | | SOLE | | 1,429 | 0 | 0 |
Trane Technologies PLC | FOR | g8994e103 | 2,198,239 | 6,683 | SH | | SOLE | | 6,683 | 0 | 0 |
Unilever PLC ADR | FOR | 904767704 | 6,199,738 | 112,743 | SH | | SOLE | | 112,743 | 0 | 0 |
Yum China Holdings, Inc. | FOR | 98850p109 | 316,665 | 10,268 | SH | | SOLE | | 10,268 | 0 | 0 |