HGK 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

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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
1-800-Flowers.com I	Common Stock	68243Q106	742	23,295	SH		SOLE	0	22,605	0	690
Abbott Laboratories	Common Stock	002824100	4,207	36,293	SH		SOLE	0	22,970	0	13,323
Abbvie Inc	Common Stock	00287Y109	4,914	43,627	SH		SOLE	0	25,935	0	17,692
Accenture Plc	Common Stock	G1151C101	5,710	19,369	SH		SOLE	0	13,400	0	5,969
AFLAC Inc.	Common Stock	001055102	5,263	98,083	SH		SOLE	0	63,691	0	34,392
Alamo Group Inc.	Common Stock	011311107	981	6,424	SH		SOLE	0	6,236	0	188
Allete Inc.	Common Stock	018522300	591	8,449	SH		SOLE	0	8,183	0	266
Alliant Energy Corp	Common Stock	018802108	4,001	71,749	SH		SOLE	0	46,562	0	25,187
Alphabet Inc. (Cl A	Common Stock	02079K305	725	297	SH		SOLE	0	220	0	77
Alphabet Inc. (Cl C	Common Stock	02079K107	1,677	669	SH		SOLE	0	240	0	429
Ameris Bancorp	Common Stock	03076K108	786	15,516	SH		SOLE	0	15,057	0	459
AMN Healthcare Serv	Common Stock	001744101	654	6,746	SH		SOLE	0	6,546	0	200
Apple Hospitality R	Common Stock	03784Y200	512	33,575	SH		SOLE	0	32,582	0	993
Apple Inc.	Common Stock	037833100	2,382	17,389	SH		SOLE	0	9,020	0	8,369
Applied Materials I	Common Stock	038222105	283	1,990	SH		SOLE	0	1,600	0	390
ASGN Inc.	Common Stock	00191U102	1,000	10,315	SH		SOLE	0	10,015	0	300
Avista Corp.	Common Stock	05379B107	634	14,849	SH		SOLE	0	14,378	0	471
Blackrock Inc.	Common Stock	09247X101	1,802	2,059	SH		SOLE	0	1,250	0	809
BorgWarner Inc.	Common Stock	099724106	448	9,225	SH		SOLE	0	5,000	0	4,225
Bristol-Myers Squib	Common Stock	110122108	5,813	86,990	SH		SOLE	0	56,535	0	30,455
Brunswick Corp.	Common Stock	117043109	1,077	10,809	SH		SOLE	0	10,489	0	320
CareTrust REIT, Inc	Common Stock	14174T107	742	31,928	SH		SOLE	0	30,983	0	945
Carter's Inc.	Common Stock	146229109	1,012	9,811	SH		SOLE	0	9,521	0	290
Chevron Corp.	Common Stock	166764100	5,075	48,450	SH		SOLE	0	30,060	0	18,390
CIGNA Corp.	Common Stock	125523100	502	2,116	SH		SOLE	0	0	0	2,116
Cirrus Logic Inc.	Common Stock	172755100	1,071	12,582	SH		SOLE	0	12,211	0	371
Cisco Systems Inc.	Common Stock	17275R102	5,179	97,724	SH		SOLE	0	63,400	0	34,324
Citigroup Inc.	Common Stock	172967424	5,322	75,222	SH		SOLE	0	48,610	0	26,612
Citizens Financial	Common Stock	174610105	4,785	104,307	SH		SOLE	0	67,652	0	36,655
Coca-Cola Co.	Common Stock	191216100	4,643	85,809	SH		SOLE	0	55,670	0	30,139
Comcast Corp. (Cl A	Common Stock	20030N101	5,106	89,552	SH		SOLE	0	58,930	0	30,622
ConocoPhillips	Common Stock	20825C104	4,291	70,463	SH		SOLE	0	45,980	0	24,483
Consolidated Edison	Common Stock	209115104	4,454	62,105	SH		SOLE	0	40,672	0	21,433
Constellation Brand	Common Stock	21036P108	5,363	22,929	SH		SOLE	0	13,931	0	8,998
Corning Inc.	Common Stock	219350105	238	5,810	SH		SOLE	0	0	0	5,810
Curtiss-Wright Corp	Common Stock	231561101	916	7,711	SH		SOLE	0	7,485	0	226
CVS Caremark Corp.	Common Stock	126650100	4,744	56,854	SH		SOLE	0	37,070	0	19,784
Deere & Co.	Common Stock	244199105	308	874	SH		SOLE	0	0	0	874
Deluxe Corp.	Common Stock	248019101	828	17,336	SH		SOLE	0	16,823	0	513
Discovery Commun In	Common Stock	25470F104	3,985	129,873	SH		SOLE	0	84,255	0	45,618
Dollar General Corp	Common Stock	256677105	5,365	24,794	SH		SOLE	0	16,045	0	8,749
Dominion Resources	Common Stock	25746U109	4,954	67,336	SH		SOLE	0	43,033	0	24,303
Dover Corp.	Common Stock	260003108	5,005	33,233	SH		SOLE	0	21,933	0	11,300
Electronic Arts, In	Common Stock	285512109	225	1,565	SH		SOLE	0	0	0	1,565
Emerson Electric Co	Common Stock	291011104	4,829	50,173	SH		SOLE	0	31,936	0	18,237
EnerSys Inc.	Common Stock	29275Y102	946	9,678	SH		SOLE	0	9,392	0	286
Ensign Group Inc.	Common Stock	29358P101	217	2,501	SH		SOLE	0	2,427	0	74
Enterprise Finc'l S	Common Stock	293712105	803	17,318	SH		SOLE	0	16,805	0	513
Evercore Partners I	Common Stock	29977A105	729	5,177	SH		SOLE	0	5,024	0	153
F.N.B. Corp.	Common Stock	302520101	891	72,294	SH		SOLE	0	70,155	0	2,139
Federal Agricultura	Common Stock	313148306	831	8,406	SH		SOLE	0	8,165	0	241
General Dynamics Co	Common Stock	369550108	4,715	25,046	SH		SOLE	0	16,358	0	8,688
Genuine Parts Co.	Common Stock	372460105	4,561	36,062	SH		SOLE	0	23,420	0	12,642
Hain Celestial Grou	Common Stock	405217100	478	11,909	SH		SOLE	0	11,569	0	340
HCA Healthcare, INC	Common Stock	40412C101	4,953	23,957	SH		SOLE	0	15,615	0	8,342
HCI Group Inc	Common Stock	40416E103	769	7,738	SH		SOLE	0	7,510	0	228
Healthcare Realty T	Common Stock	421946104	534	17,668	SH		SOLE	0	17,145	0	523
Heartland Financial	Common Stock	42234Q102	471	10,033	SH		SOLE	0	9,742	0	291
Helen of Troy Corp.	Common Stock	G4388N106	1,111	4,869	SH		SOLE	0	4,724	0	145
Henry Schein Inc.	Common Stock	806407102	4,675	63,009	SH		SOLE	0	40,908	0	22,101
Hershey Co.	Common Stock	427866108	4,979	28,585	SH		SOLE	0	18,521	0	10,064
Home BancShares Inc	Common Stock	436893200	338	13,689	SH		SOLE	0	13,284	0	405
Home Depot Inc.	Common Stock	437076102	4,877	15,294	SH		SOLE	0	9,685	0	5,609
Hubbell Incorporate	Common Stock	443510607	4,491	24,035	SH		SOLE	0	15,540	0	8,495
IDACORP Inc.	Common Stock	451107106	598	6,130	SH		SOLE	0	5,951	0	179
II-VI Inc.	Common Stock	902104108	435	5,989	SH		SOLE	0	5,811	0	178
INDEPENDENT BK CORP	Common Stock	453838104	846	38,989	SH		SOLE	0	37,834	0	1,155
Innospec Inc	Common Stock	45768S105	780	8,604	SH		SOLE	0	8,346	0	258
Insight Enterprises	Common Stock	45765U103	576	5,757	SH		SOLE	0	5,586	0	171
Intel Corp.	Common Stock	458140100	4,826	85,971	SH		SOLE	0	55,965	0	30,006
International Busin	Common Stock	459200101	5,659	38,606	SH		SOLE	0	23,945	0	14,661
Interpublic Group O	Common Stock	460690100	3,773	116,114	SH		SOLE	0	75,352	0	40,762
J.M. Smucker Co.	Common Stock	832696405	4,527	34,940	SH		SOLE	0	22,687	0	12,253
Jacobs Engineering	Common Stock	469814107	784	5,877	SH		SOLE	0	2,525	0	3,352
Johnson & Johnson	Common Stock	478160104	6,568	39,870	SH		SOLE	0	26,050	0	13,820
Jones Lang LaSalle	Common Stock	48020Q107	628	3,214	SH		SOLE	0	3,119	0	95
JPMorgan Chase & Co	Common Stock	46625H100	7,083	45,540	SH		SOLE	0	30,320	0	15,220
Kimberly-Clark Corp	Common Stock	494368103	4,671	34,913	SH		SOLE	0	22,430	0	12,483
Knight Transportati	Common Stock	499049104	914	20,114	SH		SOLE	0	19,517	0	597
L3Harris Technologi	Common Stock	502431109	1,056	4,885	SH		SOLE	0	2,525	0	2,360
La-Z-Boy Inc.	Common Stock	505336107	837	22,598	SH		SOLE	0	21,928	0	670
Lam Research Corp.	Common Stock	512807108	1,404	2,157	SH		SOLE	0	1,500	0	657
Lear Corp.	Common Stock	521865204	2,671	15,238	SH		SOLE	0	10,000	0	5,238
Lexington Realty Tr	Common Stock	529043101	603	50,419	SH		SOLE	0	48,929	0	1,490
LHC Group	Common Stock	50187A107	795	3,971	SH		SOLE	0	3,854	0	117
Life Storage	Common Stock	53223X107	528	4,921	SH		SOLE	0	4,776	0	145
Lowe's Cos.	Common Stock	548661107	2,815	14,515	SH		SOLE	0	10,850	0	3,665
Marathon Petroleum	Common Stock	56585A102	4,280	70,845	SH		SOLE	0	45,315	0	25,530
Maximus Inc.	Common Stock	577933104	898	10,212	SH		SOLE	0	9,909	0	303
McDonald's Corp.	Common Stock	580135101	2,760	11,948	SH		SOLE	0	9,150	0	2,798
McGrath RentCorp	Common Stock	580589109	1,100	13,481	SH		SOLE	0	13,082	0	399
McKesson Corp.	Common Stock	58155Q103	4,393	22,973	SH		SOLE	0	14,961	0	8,012
Merck & Co Inc	Common Stock	58933Y105	414	5,320	SH		SOLE	0	4,500	0	820
MetLife Inc.	Common Stock	59156R108	6,199	103,583	SH		SOLE	0	63,546	0	40,037
NextEra Energy Inc	Common Stock	65339F101	923	12,592	SH		SOLE	0	10,000	0	2,592
NMI Holdings, Inc.	Common Stock	629209305	608	27,055	SH		SOLE	0	26,255	0	800
Nucor Corp.	Common Stock	670346105	2,764	28,810	SH		SOLE	0	19,130	0	9,680
OceanFirst Financia	Common Stock	675234108	910	43,660	SH		SOLE	0	42,372	0	1,288
Old Second Bancorp	Common Stock	680277100	437	35,279	SH		SOLE	0	34,234	0	1,045
Pacira Biosciences,	Common Stock	695127100	965	15,897	SH		SOLE	0	15,427	0	470
PepsiCo Inc.	Common Stock	713448108	1,611	10,871	SH		SOLE	0	7,350	0	3,521
Pfizer Inc.	Common Stock	717081103	466	11,910	SH		SOLE	0	6,800	0	5,110
Piedmont Office Rea	Common Stock	720190206	740	40,057	SH		SOLE	0	38,876	0	1,181
Pinnacle West Capit	Common Stock	723484101	265	3,237	SH		SOLE	0	0	0	3,237
PNC Financial Servi	Common Stock	693475105	238	1,250	SH		SOLE	0	0	0	1,250
PROG Holdings, Inc.	Common Stock	74319R101	972	20,203	SH		SOLE	0	19,605	0	598
QUALCOMM Inc.	Common Stock	747525103	1,269	8,877	SH		SOLE	0	4,700	0	4,177
Regal-Beloit Corp.	Common Stock	758750103	562	4,213	SH		SOLE	0	4,089	0	124
RPM International I	Common Stock	749685103	4,410	49,735	SH		SOLE	0	32,642	0	17,093
Schweitzer-Mauduit	Common Stock	808541106	860	21,299	SH		SOLE	0	20,667	0	632
Seagate Technology	Common Stock	G7997R103	989	11,242	SH		SOLE	0	5,400	0	5,842
Selective Insurance	Common Stock	816300107	674	8,300	SH		SOLE	0	8,059	0	241
Simon Property Grou	Common Stock	828806109	3,623	27,769	SH		SOLE	0	17,810	0	9,959
SLM Corp.	Common Stock	78442P106	763	36,457	SH		SOLE	0	35,380	0	1,077
Snap-On Inc.	Common Stock	833034101	4,513	20,199	SH		SOLE	0	13,270	0	6,929
Solaris Oilfield In	Common Stock	83418M103	551	56,540	SH		SOLE	0	54,864	0	1,676
South State Corpora	Common Stock	840441109	898	10,980	SH		SOLE	0	10,655	0	325
Spectrum Brands Hol	Common Stock	84790A105	847	9,957	SH		SOLE	0	9,671	0	286
STAG Industrial, In	Common Stock	85254J102	587	15,671	SH		SOLE	0	15,174	0	497
State Street Corp.	Common Stock	857477103	5,291	64,303	SH		SOLE	0	41,925	0	22,378
T. Rowe Price Group	Common Stock	74144T108	5,974	30,178	SH		SOLE	0	19,560	0	10,618
Tegna, Inc.	Common Stock	87901J105	1,089	58,053	SH		SOLE	0	56,335	0	1,718
Teradyne Inc.	Common Stock	880770102	695	5,188	SH		SOLE	0	2,800	0	2,388
The Allstate Corp.	Common Stock	020002101	5,342	40,950	SH		SOLE	0	26,579	0	14,371
The Blackstone Grou	Common Stock	09260D107	1,126	11,595	SH		SOLE	0	5,100	0	6,495
UnitedHealth Group	Common Stock	91324P102	5,058	12,631	SH		SOLE	0	8,312	0	4,319
Valvoline, Inc.	Common Stock	92047W101	1,016	31,303	SH		SOLE	0	30,377	0	926
Verizon Communicati	Common Stock	92343V104	5,259	93,865	SH		SOLE	0	58,950	0	34,915
Visa Inc.	Common Stock	92826C839	1,942	8,305	SH		SOLE	0	5,600	0	2,705
W.W. Grainger Inc.	Common Stock	384802104	4,583	10,463	SH		SOLE	0	6,822	0	3,641
Walt Disney Co.	Common Stock	254687106	1,236	7,030	SH		SOLE	0	3,400	0	3,630
Welltower Inc	Common Stock	95040Q104	4,557	54,837	SH		SOLE	0	35,055	0	19,782
World Fuel Services	Common Stock	981475106	795	25,053	SH		SOLE	0	24,313	0	740
Zebra Technologies	Common Stock	989207105	731	1,381	SH		SOLE	0	606	0	775