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 Company | COM | 88579y101 | 216,742 | 1,679 | SH | | SOLE | | 1,679 | 0 | 0 |
AFLAC Inc. | COM | 001055102 | 12,204,575 | 117,987 | SH | | SOLE | | 117,987 | 0 | 0 |
AGCO Corp | COM | 001084102 | 315,588 | 3,376 | SH | | SOLE | | 3,376 | 0 | 0 |
AT & T, Inc. New | COM | 00206r102 | 483,463 | 21,232 | SH | | SOLE | | 21,232 | 0 | 0 |
AbbVie, Inc. | COM | 00287y109 | 5,723,006 | 32,206 | SH | | SOLE | | 32,206 | 0 | 0 |
Abbott Laboratories | COM | 002824100 | 7,888,161 | 69,739 | SH | | SOLE | | 69,739 | 0 | 0 |
Adobe Systems Inc | COM | 00724F101 | 286,374 | 644 | SH | | SOLE | | 644 | 0 | 0 |
Alaska Air Group Inc. | COM | 011659109 | 564,620 | 8,720 | SH | | SOLE | | 8,720 | 0 | 0 |
Alphabet, Inc Non-Voting Class | COM | 02079k107 | 933,918 | 4,904 | SH | | SOLE | | 4,904 | 0 | 0 |
Alphabet, Inc Voting Class | COM | 02079k305 | 16,790,342 | 88,697 | SH | | SOLE | | 88,697 | 0 | 0 |
Altria Group Inc. | COM | 02209s103 | 7,895,066 | 150,986 | SH | | SOLE | | 150,986 | 0 | 0 |
Amazon.com, Inc. | COM | 023135106 | 1,352,539 | 6,165 | SH | | SOLE | | 6,165 | 0 | 0 |
American Express Co. | COM | 025816109 | 2,105,131 | 7,093 | SH | | SOLE | | 7,093 | 0 | 0 |
American International Group | COM | 026874784 | 8,302,330 | 114,043 | SH | | SOLE | | 114,043 | 0 | 0 |
Ameriprise Financial Inc. | COM | 03076c106 | 2,705,277 | 5,081 | SH | | SOLE | | 5,081 | 0 | 0 |
Amgen Inc. | COM | 031162100 | 2,420,042 | 9,285 | SH | | SOLE | | 9,285 | 0 | 0 |
Apple, Inc. | COM | 037833100 | 6,749,320 | 26,952 | SH | | SOLE | | 26,952 | 0 | 0 |
Applied Materials Inc Delaware | COM | 038222105 | 208,654 | 1,283 | SH | | SOLE | | 1,283 | 0 | 0 |
Automatic Data Processing | COM | 053015103 | 1,937,873 | 6,620 | SH | | SOLE | | 6,620 | 0 | 0 |
Bank of America Corp | COM | 060505104 | 14,451,617 | 328,819 | SH | | SOLE | | 328,819 | 0 | 0 |
Bank of New York Mellon Corp | COM | 064058100 | 16,956,919 | 220,707 | SH | | SOLE | | 220,707 | 0 | 0 |
Becton Dickinson & Co | COM | 075887109 | 3,679,605 | 16,219 | SH | | SOLE | | 16,219 | 0 | 0 |
Berkshire Hathaway Inc. Class | COM | 084670702 | 10,952,605 | 24,163 | SH | | SOLE | | 24,163 | 0 | 0 |
Biogen Inc. | COM | 09062x103 | 2,147,914 | 14,046 | SH | | SOLE | | 14,046 | 0 | 0 |
Boeing Company | COM | 097023105 | 2,395,872 | 13,536 | SH | | SOLE | | 13,536 | 0 | 0 |
Booking Holdings Inc. | COM | 09857L108 | 10,672,166 | 2,148 | SH | | SOLE | | 2,148 | 0 | 0 |
Bristol Myers Squibb Co. | COM | 110122108 | 1,377,077 | 24,347 | SH | | SOLE | | 24,347 | 0 | 0 |
CSX Corp | COM | 126408103 | 244,155 | 7,566 | SH | | SOLE | | 7,566 | 0 | 0 |
CVS Health Corp. | COM | 126650100 | 4,637,935 | 103,318 | SH | | SOLE | | 103,318 | 0 | 0 |
Caterpillar Inc. | COM | 149123101 | 1,171,715 | 3,230 | SH | | SOLE | | 3,230 | 0 | 0 |
Celanese Corp | COM | 150870103 | 1,872,061 | 27,049 | SH | | SOLE | | 27,049 | 0 | 0 |
Central Pacific Financial Corp | COM | 154760409 | 2,464,892 | 84,850 | SH | | SOLE | | 84,850 | 0 | 0 |
Charles Schwab Corp | COM | 808513105 | 506,968 | 6,850 | SH | | SOLE | | 6,850 | 0 | 0 |
Chevron Corp. | COM | 166764100 | 3,715,291 | 25,651 | SH | | SOLE | | 25,651 | 0 | 0 |
Cisco Sys Inc. | COM | 17275R102 | 2,682,411 | 45,311 | SH | | SOLE | | 45,311 | 0 | 0 |
Citigroup Inc. | COM | 172967424 | 4,953,978 | 70,379 | SH | | SOLE | | 70,379 | 0 | 0 |
Coca-Cola Company | COM | 191216100 | 5,761,842 | 92,545 | SH | | SOLE | | 92,545 | 0 | 0 |
Cognizant Technology Solutions | COM | 192446102 | 3,071,078 | 39,936 | SH | | SOLE | | 39,936 | 0 | 0 |
Comcast Corp Cl A | COM | 20030n101 | 3,209,003 | 85,505 | SH | | SOLE | | 85,505 | 0 | 0 |
ConAgra Foods Inc. | COM | 205887102 | 628,371 | 22,644 | SH | | SOLE | | 22,644 | 0 | 0 |
ConocoPhillips | COM | 20825c104 | 2,826,345 | 28,500 | SH | | SOLE | | 28,500 | 0 | 0 |
Corning Inc | COM | 219350105 | 6,180,024 | 130,051 | SH | | SOLE | | 130,051 | 0 | 0 |
Corteva, Inc. | COM | 22052L104 | 3,154,673 | 55,384 | SH | | SOLE | | 55,384 | 0 | 0 |
Costco Wholesale Corp | COM | 22160k105 | 6,874,497 | 7,503 | SH | | SOLE | | 7,503 | 0 | 0 |
DR Horton, Inc | COM | 23331a109 | 2,404,904 | 17,200 | SH | | SOLE | | 17,200 | 0 | 0 |
Delta Airlines - New | COM | 247361702 | 370,562 | 6,125 | SH | | SOLE | | 6,125 | 0 | 0 |
Digital Realty Trust | COM | 253868103 | 213,505 | 1,204 | SH | | SOLE | | 1,204 | 0 | 0 |
Domino's Pizza Inc. | COM | 25754a201 | 251,856 | 600 | SH | | SOLE | | 600 | 0 | 0 |
Dow Inc. | COM | 260557103 | 2,178,256 | 54,280 | SH | | SOLE | | 54,280 | 0 | 0 |
DuPont de Nemours, Inc | COM | 26614n102 | 3,606,625 | 47,300 | SH | | SOLE | | 47,300 | 0 | 0 |
Elevance Health Inc. | COM | 036752103 | 13,148,334 | 35,642 | SH | | SOLE | | 35,642 | 0 | 0 |
Eli Lilly & Co | COM | 532457108 | 484,044 | 627 | SH | | SOLE | | 627 | 0 | 0 |
Equifax Inc. | COM | 294429105 | 254,850 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
Exxon Mobil Corp | COM | 30231G102 | 1,386,514 | 12,889 | SH | | SOLE | | 12,889 | 0 | 0 |
Fedex Corp | COM | 31428X106 | 2,453,596 | 8,721 | SH | | SOLE | | 8,721 | 0 | 0 |
Ford Motor Co.- New | COM | 345370860 | 123,166 | 12,441 | SH | | SOLE | | 12,441 | 0 | 0 |
Forrester Research Inc. | COM | 346563109 | 523,566 | 33,412 | SH | | SOLE | | 33,412 | 0 | 0 |
Franklin Resources Inc. | COM | 354613101 | 1,108,382 | 54,627 | SH | | SOLE | | 54,627 | 0 | 0 |
GE Aerospace | COM | 369604301 | 346,590 | 2,078 | SH | | SOLE | | 2,078 | 0 | 0 |
Gates Industrial Corporation P | COM | g39108108 | 3,341,062 | 162,424 | SH | | SOLE | | 162,424 | 0 | 0 |
General Dynamics | COM | 369550108 | 250,842 | 952 | SH | | SOLE | | 952 | 0 | 0 |
General Motors Company | COM | 37045v100 | 1,678,112 | 31,502 | SH | | SOLE | | 31,502 | 0 | 0 |
Genuine Parts Co | COM | 372460105 | 857,018 | 7,340 | SH | | SOLE | | 7,340 | 0 | 0 |
Gilead Sciences Inc. | COM | 375558103 | 896,451 | 9,705 | SH | | SOLE | | 9,705 | 0 | 0 |
Grand Canyon Education, Inc. | COM | 38526m106 | 2,363,634 | 14,430 | SH | | SOLE | | 14,430 | 0 | 0 |
H&R Block Inc. | COM | 093671105 | 2,467,469 | 46,697 | SH | | SOLE | | 46,697 | 0 | 0 |
HP Inc. | COM | 40434L105 | 368,132 | 11,282 | SH | | SOLE | | 11,282 | 0 | 0 |
Hershey Company | COM | 427866108 | 2,182,075 | 12,885 | SH | | SOLE | | 12,885 | 0 | 0 |
Hewlett Packard Enterprise Co. | COM | 42824c109 | 264,889 | 12,407 | SH | | SOLE | | 12,407 | 0 | 0 |
Home Depot Inc. | COM | 437076102 | 9,668,445 | 24,855 | SH | | SOLE | | 24,855 | 0 | 0 |
Illinois Tool Works Inc. | COM | 452308109 | 283,734 | 1,119 | SH | | SOLE | | 1,119 | 0 | 0 |
Ingersoll Rand Inc. | COM | 45687v106 | 547,735 | 6,055 | SH | | SOLE | | 6,055 | 0 | 0 |
Intel Corp. | COM | 458140100 | 475,927 | 23,737 | SH | | SOLE | | 23,737 | 0 | 0 |
International Flavors & Fragra | COM | 459506101 | 292,881 | 3,464 | SH | | SOLE | | 3,464 | 0 | 0 |
Interpublic Group | COM | 460690100 | 208,525 | 7,442 | SH | | SOLE | | 7,442 | 0 | 0 |
J P Morgan Chase & Co. | COM | 46625h100 | 267,277 | 1,115 | SH | | SOLE | | 1,115 | 0 | 0 |
Johnson & Johnson | COM | 478160104 | 10,479,310 | 72,461 | SH | | SOLE | | 72,461 | 0 | 0 |
KLA Corporation | COM | 482480100 | 526,150 | 835 | SH | | SOLE | | 835 | 0 | 0 |
Kenvue Inc. | COM | 49177j102 | 522,755 | 24,485 | SH | | SOLE | | 24,485 | 0 | 0 |
Keurig Dr. Pepper Inc. | COM | 49271v100 | 2,211,301 | 68,845 | SH | | SOLE | | 68,845 | 0 | 0 |
Kroger Co. | COM | 501044101 | 22,143,026 | 362,110 | SH | | SOLE | | 362,110 | 0 | 0 |
Labcorp Holdings Inc. | COM | 504922105 | 219,001 | 955 | SH | | SOLE | | 955 | 0 | 0 |
Lamb Weston Holdings | COM | 513272104 | 255,892 | 3,829 | SH | | SOLE | | 3,829 | 0 | 0 |
Lincoln Educational | COM | 533535100 | 3,749,245 | 236,994 | SH | | SOLE | | 236,994 | 0 | 0 |
Lockheed Martin Corp | COM | 539830109 | 716,276 | 1,474 | SH | | SOLE | | 1,474 | 0 | 0 |
Lowes Companies | COM | 548661107 | 9,428,007 | 38,201 | SH | | SOLE | | 38,201 | 0 | 0 |
Manitex Intl | COM | 563420108 | 179,510 | 30,950 | SH | | SOLE | | 30,950 | 0 | 0 |
ManpowerGroup Inc. | COM | 56418h100 | 221,183 | 3,832 | SH | | SOLE | | 3,832 | 0 | 0 |
Marsh & McLennan Co. | COM | 571748102 | 7,218,329 | 33,983 | SH | | SOLE | | 33,983 | 0 | 0 |
Mastercard Inc. | COM | 57636q104 | 20,235,559 | 38,429 | SH | | SOLE | | 38,429 | 0 | 0 |
McDonalds Corp | COM | 580135101 | 3,284,164 | 11,329 | SH | | SOLE | | 11,329 | 0 | 0 |
Merck & Co.Inc. New | COM | 58933y105 | 11,852,147 | 119,141 | SH | | SOLE | | 119,141 | 0 | 0 |
Meta Platforms, Inc. | COM | 30303m102 | 8,416,706 | 14,375 | SH | | SOLE | | 14,375 | 0 | 0 |
Microsoft Corp. | COM | 594918104 | 43,124,970 | 102,313 | SH | | SOLE | | 102,313 | 0 | 0 |
Molson Coors Brewing Co | COM | 60871r209 | 6,181,126 | 107,835 | SH | | SOLE | | 107,835 | 0 | 0 |
Mondelez International, Inc. | COM | 609207105 | 2,027,714 | 33,948 | SH | | SOLE | | 33,948 | 0 | 0 |
Monster Beverage Corp. | COM | 61174x109 | 3,763,296 | 71,600 | SH | | SOLE | | 71,600 | 0 | 0 |
Nike Inc Class B | COM | 654106103 | 1,058,699 | 13,991 | SH | | SOLE | | 13,991 | 0 | 0 |
Nucor Corp | COM | 670346105 | 211,712 | 1,814 | SH | | SOLE | | 1,814 | 0 | 0 |
Nvidia Corp | COM | 67066g104 | 304,167 | 2,265 | SH | | SOLE | | 2,265 | 0 | 0 |
Occidental Petroleum Corp | COM | 674599105 | 433,177 | 8,767 | SH | | SOLE | | 8,767 | 0 | 0 |
Oracle Corp | COM | 68389X105 | 2,096,831 | 12,583 | SH | | SOLE | | 12,583 | 0 | 0 |
Organon & Co. | COM | 68622v106 | 542,954 | 36,391 | SH | | SOLE | | 36,391 | 0 | 0 |
Paramount Global B | COM | 92556h206 | 173,824 | 16,618 | SH | | SOLE | | 16,618 | 0 | 0 |
Parker-Hannifin Corp. | COM | 701094104 | 1,432,340 | 2,252 | SH | | SOLE | | 2,252 | 0 | 0 |
PayPal Holdings, Inc. | COM | 70450y103 | 202,023 | 2,367 | SH | | SOLE | | 2,367 | 0 | 0 |
Paychex Inc. | COM | 704326107 | 5,555,516 | 39,620 | SH | | SOLE | | 39,620 | 0 | 0 |
Pepsico Inc. | COM | 713448108 | 11,949,483 | 78,584 | SH | | SOLE | | 78,584 | 0 | 0 |
Pfizer Inc. | COM | 717081103 | 1,738,446 | 65,528 | SH | | SOLE | | 65,528 | 0 | 0 |
Philip Morris International | COM | 718172109 | 25,464,495 | 211,587 | SH | | SOLE | | 211,587 | 0 | 0 |
Phillips 66 | COM | 718546104 | 1,938,747 | 17,017 | SH | | SOLE | | 17,017 | 0 | 0 |
Procter & Gamble Co. | COM | 742718109 | 3,195,409 | 19,060 | SH | | SOLE | | 19,060 | 0 | 0 |
Qualcomm Inc | COM | 747525103 | 467,312 | 3,042 | SH | | SOLE | | 3,042 | 0 | 0 |
Quest Diagnostics Inc. | COM | 74834L100 | 4,160,266 | 27,577 | SH | | SOLE | | 27,577 | 0 | 0 |
RTX Corp. | COM | 75513e101 | 4,043,835 | 34,945 | SH | | SOLE | | 34,945 | 0 | 0 |
Sally Beauty Holdings Inc. | COM | 79546e104 | 931,795 | 89,167 | SH | | SOLE | | 89,167 | 0 | 0 |
Starbucks Corp | COM | 855244109 | 1,129,127 | 12,374 | SH | | SOLE | | 12,374 | 0 | 0 |
Stryker Corporation | COM | 863667101 | 271,838 | 755 | SH | | SOLE | | 755 | 0 | 0 |
Tapestry Inc. | COM | 876030107 | 471,356 | 7,215 | SH | | SOLE | | 7,215 | 0 | 0 |
The Cigna Group | COM | 125523100 | 7,285,954 | 26,385 | SH | | SOLE | | 26,385 | 0 | 0 |
The Kraft Heinz Company | COM | 500754106 | 247,768 | 8,068 | SH | | SOLE | | 8,068 | 0 | 0 |
The Mosaic Company | COM | 61945c103 | 1,493,897 | 60,777 | SH | | SOLE | | 60,777 | 0 | 0 |
The Travelers Companies Inc. | COM | 89417e109 | 10,466,429 | 43,449 | SH | | SOLE | | 43,449 | 0 | 0 |
The Walt Disney Co. | COM | 254687106 | 1,627,603 | 14,617 | SH | | SOLE | | 14,617 | 0 | 0 |
US Bancorp Delaware New | COM | 902973304 | 622,220 | 13,009 | SH | | SOLE | | 13,009 | 0 | 0 |
Ulta Beauty, Inc. | COM | 90384s303 | 507,998 | 1,168 | SH | | SOLE | | 1,168 | 0 | 0 |
Union Pacific Corp | COM | 907818108 | 1,993,070 | 8,740 | SH | | SOLE | | 8,740 | 0 | 0 |
United Parcel Service Inc. | COM | 911312106 | 1,937,852 | 15,368 | SH | | SOLE | | 15,368 | 0 | 0 |
UnitedHealth Group Inc. | COM | 91324p102 | 32,787,920 | 64,816 | SH | | SOLE | | 64,816 | 0 | 0 |
Unum Group | COM | 91529y106 | 4,217,629 | 57,752 | SH | | SOLE | | 57,752 | 0 | 0 |
Valero Energy Corp. | COM | 91913y100 | 6,994,358 | 57,055 | SH | | SOLE | | 57,055 | 0 | 0 |
Value Line Inc. | COM | 920437100 | 223,819 | 4,239 | SH | | SOLE | | 4,239 | 0 | 0 |
Verizon Communications | COM | 92343V104 | 1,264,844 | 31,629 | SH | | SOLE | | 31,629 | 0 | 0 |
Visa, Inc. | COM | 92826c839 | 12,702,596 | 40,193 | SH | | SOLE | | 40,193 | 0 | 0 |
Wal Mart Stores | COM | 931142103 | 13,066,869 | 144,625 | SH | | SOLE | | 144,625 | 0 | 0 |
Warner Bros. Discovery, Inc. | COM | 934423104 | 810,645 | 76,693 | SH | | SOLE | | 76,693 | 0 | 0 |
Washington Federal | COM | 938824109 | 4,230,630 | 131,223 | SH | | SOLE | | 131,223 | 0 | 0 |
Waste Management Inc. Del | COM | 94106L109 | 324,277 | 1,607 | SH | | SOLE | | 1,607 | 0 | 0 |
Wells Fargo & Co. | COM | 949746101 | 2,243,606 | 31,942 | SH | | SOLE | | 31,942 | 0 | 0 |
Western Union Company | COM | 959802109 | 219,484 | 20,706 | SH | | SOLE | | 20,706 | 0 | 0 |
Weyerhaeuser Co. | COM | 962166104 | 278,403 | 9,890 | SH | | SOLE | | 9,890 | 0 | 0 |
Yum! Brands, Inc. | COM | 988498101 | 1,454,965 | 10,845 | SH | | SOLE | | 10,845 | 0 | 0 |
Zimmer Biomet Holdings | COM | 98956p102 | 6,766,024 | 64,054 | SH | | SOLE | | 64,054 | 0 | 0 |
AON Plc | FOR | g0403h108 | 1,352,956 | 3,767 | SH | | SOLE | | 3,767 | 0 | 0 |
ASML Holding N.V. | FOR | n07059210 | 462,977 | 668 | SH | | SOLE | | 668 | 0 | 0 |
Alibaba Group Holding Limited | FOR | 01609w102 | 803,300 | 9,474 | SH | | SOLE | | 9,474 | 0 | 0 |
Alkermes PLC | FOR | g01767105 | 339,828 | 11,816 | SH | | SOLE | | 11,816 | 0 | 0 |
Allegion PLC | FOR | g0176j109 | 471,101 | 3,605 | SH | | SOLE | | 3,605 | 0 | 0 |
America Movil ADR | FOR | 02390a101 | 1,100,296 | 76,890 | SH | | SOLE | | 76,890 | 0 | 0 |
Arch Capital Group Ltd | FOR | g0450a105 | 418,345 | 4,530 | SH | | SOLE | | 4,530 | 0 | 0 |
Arcos Dorados Hldgs. | FOR | g0457f107 | 2,222,351 | 305,268 | SH | | SOLE | | 305,268 | 0 | 0 |
BP p.l.c. | FOR | 055622104 | 5,363,012 | 181,428 | SH | | SOLE | | 181,428 | 0 | 0 |
British American Tobacco | FOR | 110448107 | 7,915,544 | 217,939 | SH | | SOLE | | 217,939 | 0 | 0 |
CAE Inc. | FOR | 124765108 | 1,315,445 | 51,830 | SH | | SOLE | | 51,830 | 0 | 0 |
Colliers International Group | FOR | 194693107 | 973,545 | 7,160 | SH | | SOLE | | 7,160 | 0 | 0 |
Diageo PLC ADR | FOR | 25243q205 | 1,540,307 | 12,116 | SH | | SOLE | | 12,116 | 0 | 0 |
Enbridge Inc. | FOR | 29250n105 | 203,155 | 4,788 | SH | | SOLE | | 4,788 | 0 | 0 |
FirstService Corp Voting Share | FOR | 33767e202 | 1,244,150 | 6,873 | SH | | SOLE | | 6,873 | 0 | 0 |
Glaxo SmithKline ADS | FOR | 37733W204 | 993,023 | 29,362 | SH | | SOLE | | 29,362 | 0 | 0 |
Haleon PLC | FOR | 405552100 | 372,384 | 39,034 | SH | | SOLE | | 39,034 | 0 | 0 |
Johnson Controls Intl. PLC | FOR | g51502105 | 309,563 | 3,922 | SH | | SOLE | | 3,922 | 0 | 0 |
LyondellBasell Industries N.V. | FOR | n53745100 | 4,814,701 | 64,827 | SH | | SOLE | | 64,827 | 0 | 0 |
Medtronic PLC | FOR | g5960L103 | 11,282,411 | 141,242 | SH | | SOLE | | 141,242 | 0 | 0 |
Nokia Corp Sponsored ADR | FOR | 654902204 | 52,039 | 11,747 | SH | | SOLE | | 11,747 | 0 | 0 |
Shell PLC | FOR | 780259305 | 1,019,378 | 16,271 | SH | | SOLE | | 16,271 | 0 | 0 |
Taiwan Semiconductor Manufactu | FOR | 874039100 | 1,083,628 | 5,487 | SH | | SOLE | | 5,487 | 0 | 0 |
Telefonica S.A. ADR | FOR | 879382208 | 643,261 | 160,015 | SH | | SOLE | | 160,015 | 0 | 0 |
Toyota Motor Corp ADR | FOR | 892331307 | 278,098 | 1,429 | SH | | SOLE | | 1,429 | 0 | 0 |
Trane Technologies PLC | FOR | g8994e103 | 2,468,366 | 6,683 | SH | | SOLE | | 6,683 | 0 | 0 |
Unilever PLC ADR | FOR | 904767704 | 6,382,606 | 112,568 | SH | | SOLE | | 112,568 | 0 | 0 |
Yum China Holdings, Inc. | FOR | 98850p109 | 469,320 | 9,743 | SH | | SOLE | | 9,743 | 0 | 0 |