American National 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
ABB Ltd-Spon ADR	COM	000375204	796	31,275	SH		SOLE		31,275	0	0
Abbott Labs	COM	002824100	13,516	124,190	SH		SOLE		124,190	0	0
Abbvie Inc	COM	00287Y109	13,594	155,206	SH		SOLE		155,206	0	0
Accenture PLC CL A	COM	G1151C101	6,589	29,157	SH		SOLE		29,157	0	0
Activision Blizzard Inc	COM	00507V109	6,976	86,173	SH		SOLE		86,173	0	0
Adidas AG	COM	00687A107	842	5,200	SH		SOLE		5,200	0	0
Adobe Inc	COM	00724F101	21,170	43,167	SH		SOLE		43,167	0	0
Advanced Micro Devices	COM	007903107	5,123	62,550	SH		SOLE		62,550	0	0
Air Products & Chemicals, Inc.	COM	009158106	7,001	23,505	SH		SOLE		23,505	0	0
Albemarle Corp	COM	012653101	3,622	40,565	SH		SOLE		40,565	0	0
Alcon Inc	COM	H01301128	347	6,100	SH		SOLE		6,100	0	0
Alexion Pharmaceuticals Inc	COM	015351109	3,324	29,050	SH		SOLE		29,050	0	0
Alibaba Group Holdings	COM	01609W102	9,733	33,109	SH		SOLE		33,109	0	0
Align Technology	COM	016255101	5,634	17,210	SH		SOLE		17,210	0	0
AllianceBernstein Holding LP	COM	01881G106	886	32,750	SH		SOLE		32,750	0	0
Allstate Corp	COM	020002101	3,759	39,925	SH		SOLE		39,925	0	0
Alphabet Inc Class A	COM	02079K305	33,636	22,950	SH		SOLE		22,950	0	0
Alphabet Inc Class C	COM	02079K107	33,817	23,011	SH		SOLE		23,011	0	0
Altria Group, Inc.	COM	02209S103	5,230	135,350	SH		SOLE		135,350	0	0
Amadeus IT Group	COM	02263T104	552	9,900	SH		SOLE		9,900	0	0
Amazon.com, Inc.	COM	023135106	91,534	29,070	SH		SOLE		29,070	0	0
Ambev SA ADR	COM	02319V103	237	105,000	SH		SOLE		105,000	0	0
America Movil SA de CV ADR	COM	02364W105	338	27,050	SH		SOLE		27,050	0	0
American Campus Communities	COM	024835100	2,259	64,700	SH		SOLE		64,700	0	0
American Electric Power	COM	025537101	4,885	59,765	SH		SOLE		59,765	0	0
American Express	COM	025816109	11,782	117,525	SH		SOLE		117,525	0	0
American States Water Co	COM	029899101	2,473	33,000	SH		SOLE		33,000	0	0
American Water Works Co Inc	COM	030420103	4,730	32,645	SH		SOLE		32,645	0	0
Anheuser-Busch	COM	03524A108	3,942	73,170	SH		SOLE		73,170	0	0
Anthem Inc	COM	036752103	10,394	38,700	SH		SOLE		38,700	0	0
Apollo Global Management Inc	COM	03768E105	497	11,100	SH		SOLE		11,100	0	0
Apple Inc	COM	037833100	138,097	1,192,444	SH		SOLE		1,192,444	0	0
Ares Capital Corp	COM	04010L103	226	16,200	SH		SOLE		16,200	0	0
Arthur J. Gallagher & Co.	COM	363576109	14,280	135,250	SH		SOLE		135,250	0	0
AstraZeneca Group PLC ADR	COM	046353108	1,308	23,850	SH		SOLE		23,850	0	0
AT&T Inc	COM	00206R102	13,359	468,566	SH		SOLE		468,566	0	0
Atmos Energy Corp.	COM	049560105	1,317	13,781	SH		SOLE		13,781	0	0
AXA SA ADR	COM	054536107	440	23,800	SH		SOLE		23,800	0	0
Baidu.com	COM	056752108	383	3,025	SH		SOLE		3,025	0	0
Banco Bilbao Vizcaya Argentari	COM	05946K101	146	53,213	SH		SOLE		53,213	0	0
Banco de Chile ADR	COM	059520106	226	14,952	SH		SOLE		14,952	0	0
Banco Santander Central Hispan	COM	05964H105	108	58,500	SH		SOLE		58,500	0	0
Bank of New York Mellon Corp.	COM	064058100	4,568	133,030	SH		SOLE		133,030	0	0
Barclays PLC ADR	COM	06738E204	173	34,600	SH		SOLE		34,600	0	0
BASF SE ADR	COM	055262505	795	52,200	SH		SOLE		52,200	0	0
Becton Dickinson and Co	COM	075887109	1,469	6,314	SH		SOLE		6,314	0	0
BHP Billiton Ltd. ADR	COM	088606108	1,046	20,225	SH		SOLE		20,225	0	0
Biomarin Pharmaceutical Inc	COM	09061G101	2,137	28,095	SH		SOLE		28,095	0	0
Blackstone Group Inc NPV	COM	09260D107	2,775	53,155	SH		SOLE		53,155	0	0
Boeing Company	COM	097023105	8,874	53,700	SH		SOLE		53,700	0	0
Boston Properties Inc	COM	101121101	381	4,740	SH		SOLE		4,740	0	0
BP plc ADR	COM	055622104	1,050	60,150	SH		SOLE		60,150	0	0
Brambles LTD	COM	105105209	586	39,000	SH		SOLE		39,000	0	0
Bristol Myers Squibb	COM	110122108	4,849	80,420	SH		SOLE		80,420	0	0
British American Tob SP ADR	COM	110448107	1,290	35,690	SH		SOLE		35,690	0	0
Broadcom Inc	COM	11135F101	10,664	29,271	SH		SOLE		29,271	0	0
Cadence Design Systems, Inc.	COM	127387108	3,262	30,560	SH		SOLE		30,560	0	0
Capital One Financial	COM	14040H105	5,366	74,675	SH		SOLE		74,675	0	0
Carrier Global Corp	COM	14448C104	3,453	113,050	SH		SOLE		113,050	0	0
Caterpillar Inc.	COM	149123101	6,281	42,110	SH		SOLE		42,110	0	0
Cemex SAB de CV ADR	COM	151290889	66	17,486	SH		SOLE		17,486	0	0
Centene Corp	COM	15135B101	3,096	53,075	SH		SOLE		53,075	0	0
CenturyLink Inc	COM	156700106	636	63,050	SH		SOLE		63,050	0	0
CGI Inc	COM	12532H104	808	11,925	SH		SOLE		11,925	0	0
Charles Schwab Corp.	COM	808513105	7,001	193,245	SH		SOLE		193,245	0	0
Chart Industries Inc	COM	16115Q308	5,037	71,680	SH		SOLE		71,680	0	0
Cheniere Energy Inc	COM	16411R208	3,102	67,032	SH		SOLE		67,032	0	0
Chevron Corp.	COM	166764100	10,240	142,220	SH		SOLE		142,220	0	0
Church & Dwight Co.	COM	171340102	15,355	163,860	SH		SOLE		163,860	0	0
Cielo SA	COM	171778202	56	79,725	SH		SOLE		79,725	0	0
Cigna Corp	COM	125523100	4,814	28,419	SH		SOLE		28,419	0	0
Cincinnati Financial	COM	172062101	1,131	14,500	SH		SOLE		14,500	0	0
Cinemark Holdings Inc.	COM	17243V102	180	18,000	SH		SOLE		18,000	0	0
Cisco Systems	COM	17275R102	12,527	318,015	SH		SOLE		318,015	0	0
Citigroup Inc.	COM	172967424	8,211	190,455	SH		SOLE		190,455	0	0
CK Hutchison Holdings Limited	COM	12562Y100	517	86,006	SH		SOLE		86,006	0	0
CMS Energy Corp.	COM	125896100	6,568	106,960	SH		SOLE		106,960	0	0
Coca-Cola	COM	191216100	11,745	237,895	SH		SOLE		237,895	0	0
Cognizant Tech Solutions Corp.	COM	192446102	4,555	65,611	SH	��	SOLE		65,611	0	0
Columbia Sportswear Co	COM	198516106	4,808	55,280	SH		SOLE		55,280	0	0
Comcast Corp	COM	20030N101	14,918	322,475	SH		SOLE		322,475	0	0
Comerica, Inc.	COM	200340107	727	19,000	SH		SOLE		19,000	0	0
ConocoPhillips	COM	20825C104	1,398	42,555	SH		SOLE		42,555	0	0
Constellation Brands	COM	21036P108	11,176	58,975	SH		SOLE		58,975	0	0
Continental Resources Inc	COM	212015101	978	79,605	SH		SOLE		79,605	0	0
Corning Inc.	COM	219350105	5,256	162,180	SH		SOLE		162,180	0	0
Corteva Inc	COM	22052L104	612	21,228	SH		SOLE		21,228	0	0
Costco Co.	COM	22160K105	13,426	37,820	SH		SOLE		37,820	0	0
Covanta Holding Corp	COM	22282E102	733	94,575	SH		SOLE		94,575	0	0
Crowdstrike Holdings Inc	COM	22788C105	5,677	41,341	SH		SOLE		41,341	0	0
Crown Castle International Cor	COM	22822V101	10,840	65,105	SH		SOLE		65,105	0	0
Cummins Inc	COM	231021106	7,346	34,790	SH		SOLE		34,790	0	0
CVS Health Corp	COM	126650100	6,409	109,741	SH		SOLE		109,741	0	0
Daimler AG ADR	COM	D1668R123	783	14,600	SH		SOLE		14,600	0	0
Danaher Corp.	COM	235851102	26,752	124,235	SH		SOLE		124,235	0	0
Danone ADR	COM	23636T100	433	33,400	SH		SOLE		33,400	0	0
Darden Restaurants Inc.	COM	237194105	4,664	46,300	SH		SOLE		46,300	0	0
Davita Inc	COM	23918K108	7,576	88,450	SH		SOLE		88,450	0	0
Delek US Holding Inc	COM	24665A103	1,205	108,223	SH		SOLE		108,223	0	0
Deutsche Post AG ADR	COM	25157Y202	456	10,000	SH		SOLE		10,000	0	0
Diageo PLC ADR	COM	25243Q205	1,411	10,250	SH		SOLE		10,250	0	0
Diamondback Energy Inc	COM	25278X109	688	22,828	SH		SOLE		22,828	0	0
Digital Realty	COM	253868103	881	6,000	SH		SOLE		6,000	0	0
Discovery Inc	COM	25470F104	3,811	175,050	SH		SOLE		175,050	0	0
Dollar General	COM	256677105	9,888	47,170	SH		SOLE		47,170	0	0
Dominion Energy Inc	COM	25746U109	3,493	44,250	SH		SOLE		44,250	0	0
Dow Inc	COM	260557103	999	21,227	SH		SOLE		21,227	0	0
Du Pont (E.I.) De Nemours & Co	COM	26614N102	1,178	21,227	SH		SOLE		21,227	0	0
Duke Energy Corp.	COM	26441C204	6,292	71,049	SH		SOLE		71,049	0	0
Duke Realty Corp.	COM	264411505	2,756	74,700	SH		SOLE		74,700	0	0
Eagle Materials Inc	COM	26969P108	3,752	43,465	SH		SOLE		43,465	0	0
Edison Int'l	COM	281020107	1,984	39,025	SH		SOLE		39,025	0	0
Edwards Lifesciences Corp	COM	28176E108	230	2,880	SH		SOLE		2,880	0	0
Electronic Arts Inc.	COM	285512109	5,161	39,575	SH		SOLE		39,575	0	0
Enbridge Inc	COM	29250N105	1,280	43,825	SH		SOLE		43,825	0	0
Energy Transfer LP	COM	29273V100	378	69,735	SH		SOLE		69,735	0	0
ENI SPA ADR	COM	26874R108	349	22,475	SH		SOLE		22,475	0	0
Enterprise Products Partners L	COM	293792107	821	52,000	SH		SOLE		52,000	0	0
EOG Resources	COM	26875P101	2,827	78,650	SH		SOLE		78,650	0	0
EPAM Systems Inc	COM	29414B104	7,009	21,682	SH		SOLE		21,682	0	0
EPR Properties	COM	26884U109	1,212	44,080	SH		SOLE		44,080	0	0
Equity Residential Properties	COM	29476L107	1,558	30,350	SH		SOLE		30,350	0	0
Essex Property Trust Inc	COM	297178105	831	4,140	SH		SOLE		4,140	0	0
Evergy Inc	COM	30034W106	2,710	53,320	SH		SOLE		53,320	0	0
Exact Sciences Corp	COM	30063P105	12,869	126,225	SH		SOLE		126,225	0	0
Exelon Corp.	COM	30161N101	3,642	101,840	SH		SOLE		101,840	0	0
Expedia Group Inc	COM	30212P303	3,251	35,460	SH		SOLE		35,460	0	0
Exxon Mobil Corp.	COM	30231G102	8,871	258,404	SH		SOLE		258,404	0	0
Facebook Inc	COM	30303M102	43,291	165,296	SH		SOLE		165,296	0	0
Fanuc Corp	COM	307305102	569	29,825	SH		SOLE		29,825	0	0
Fedex Corp.	COM	31428X106	6,581	26,165	SH		SOLE		26,165	0	0
Ferrovial SA	COM	315437103	732	30,089	SH		SOLE		30,089	0	0
Fidelity National Information	COM	31620M106	7,277	49,435	SH		SOLE		49,435	0	0
Fifth Third Bancorp	COM	316773100	3,450	161,810	SH		SOLE		161,810	0	0
FIserv Inc.	COM	337738108	6,665	64,675	SH		SOLE		64,675	0	0
Flexion Therapeutics Inc	COM	33938J106	3,511	337,250	SH		SOLE		337,250	0	0
Flowserve Corp.	COM	34354P105	3,031	111,075	SH		SOLE		111,075	0	0
FMC Corp	COM	302491303	3,321	31,360	SH		SOLE		31,360	0	0
Fomento Economico Mexicana-SP	COM	344419106	364	6,475	SH		SOLE		6,475	0	0
Fortive Corp	COM	34959J108	5,805	76,175	SH		SOLE		76,175	0	0
Four Corners Property Trust In	COM	35086T109	1,188	46,424	SH		SOLE		46,424	0	0
Freeport-McMoRan Inc	COM	35671D857	211	13,500	SH		SOLE		13,500	0	0
Galapagos NV	COM	36315X101	497	3,500	SH		SOLE		3,500	0	0
Gaming and Leisure Properties	COM	36467J108	3,863	104,611	SH		SOLE		104,611	0	0
General Electric Co.	COM	369604103	4,370	701,375	SH		SOLE		701,375	0	0
General Motors Inc	COM	37045V100	3,212	108,545	SH		SOLE		108,545	0	0
Getinge AB	COM	37427X104	731	33,475	SH		SOLE		33,475	0	0
Gilead Science Inc	COM	375558103	6,066	95,990	SH		SOLE		95,990	0	0
GlaxoSmithKline plc ADR	COM	37733W105	1,684	44,750	SH		SOLE		44,750	0	0
Global Payments Inc.	COM	37940X102	5,646	31,796	SH		SOLE		31,796	0	0
Goldman Sachs Group	COM	38141G104	10,651	53,000	SH		SOLE		53,000	0	0
Grifols SA ADR	COM	398438408	376	21,650	SH		SOLE		21,650	0	0
Halliburton Co.	COM	406216101	1,494	123,995	SH		SOLE		123,995	0	0
Healthpeak Properties Inc	COM	42250P103	813	29,940	SH		SOLE		29,940	0	0
Hitachi Ltd. ADR	COM	433578507	577	8,600	SH		SOLE		8,600	0	0
Hologic Inc	COM	436440101	1,329	20,000	SH		SOLE		20,000	0	0
Home Depot, Inc.	COM	437076102	32,380	116,595	SH		SOLE		116,595	0	0
Honda Motor Co Ltd. ADR	COM	438128308	1,116	47,100	SH		SOLE		47,100	0	0
Honeywell International, Inc.	COM	438516106	17,480	106,190	SH		SOLE		106,190	0	0
HP Inc	COM	40434L105	316	16,650	SH		SOLE		16,650	0	0
HSBC Holdings ADR	COM	404280406	251	12,800	SH		SOLE		12,800	0	0
Icahn Enterprises LP	COM	451100101	273	5,550	SH		SOLE		5,550	0	0
Icon PLC ADR	COM	G4705A100	1,280	6,700	SH		SOLE		6,700	0	0
Infineon Technologies ADR	COM	45662N103	1,041	36,825	SH		SOLE		36,825	0	0
Infosys Ltd ADR	COM	456788108	3,701	268,000	SH		SOLE		268,000	0	0
Ingenico Group	COM	45684W107	573	18,475	SH		SOLE		18,475	0	0
Insulet Corp	COM	45784P101	11,971	50,600	SH		SOLE		50,600	0	0
Intel Corp.	COM	458140100	10,429	201,401	SH		SOLE		201,401	0	0
International Business Machine	COM	459200101	2,563	21,062	SH		SOLE		21,062	0	0
Intesa Sanpaolo ADR	COM	46115H107	123	10,899	SH		SOLE		10,899	0	0
Intuitive Surgical, Inc.	COM	46120E602	12,733	17,945	SH		SOLE		17,945	0	0
Invesco Ltd	COM	G491BT108	753	65,960	SH		SOLE		65,960	0	0
Iqiyi Inc	COM	46267X108	259	11,475	SH		SOLE		11,475	0	0
Iron Mountain Inc.	COM	46284V101	5,413	202,035	SH		SOLE		202,035	0	0
Itau Unibanco Holding SA ADR	COM	465562106	198	49,808	SH		SOLE		49,808	0	0
JD.com Inc	COM	47215P106	9,069	116,850	SH		SOLE		116,850	0	0
Johnson & Johnson	COM	478160104	27,718	186,175	SH		SOLE		186,175	0	0
JOYY Inc	COM	46591M109	355	4,400	SH		SOLE		4,400	0	0
JPMorgan Chase & Co.	COM	46625H100	28,395	294,956	SH		SOLE		294,956	0	0
Kellogg Co.	COM	487836108	2,365	36,620	SH		SOLE		36,620	0	0
Kimco Realty Corp.	COM	49446R109	490	43,475	SH		SOLE		43,475	0	0
Kinder Morgan Inc.	COM	49456B101	1,097	88,957	SH		SOLE		88,957	0	0
Kingfisher PLC ADR	COM	495724403	199	26,000	SH		SOLE		26,000	0	0
Kirin Holdings Co ADR	COM	497350306	574	30,700	SH		SOLE		30,700	0	0
KKR & Co Inc	COM	48251W104	539	15,700	SH		SOLE		15,700	0	0
Koninklijke Ahold Delhaize NV	COM	500467501	415	14,003	SH		SOLE		14,003	0	0
Koninklijke Philips NV ADR	COM	500472303	409	8,671	SH		SOLE		8,671	0	0
Korea Electric Power Corp	COM	500631106	271	31,075	SH		SOLE		31,075	0	0
Kraft Heinz Co The	COM	500754106	553	18,466	SH		SOLE		18,466	0	0
Kroger Co	COM	501044101	7,165	211,300	SH		SOLE		211,300	0	0
Kubota Corp-Spon ADR	COM	501173207	396	4,450	SH		SOLE		4,450	0	0
Lamar Advertising Co	COM	512816109	678	10,250	SH		SOLE		10,250	0	0
Las Vegas Sands	COM	517834107	218	4,675	SH		SOLE		4,675	0	0
Lilly (Eli) & Co.	COM	532457108	18,439	124,570	SH		SOLE		124,570	0	0
Logitech International SA ADR	COM	H50430232	2,932	37,920	SH		SOLE		37,920	0	0
Lowe's Co.	COM	548661107	12,390	74,700	SH		SOLE		74,700	0	0
Lyondellbassel Industries N.V.	COM	N53745100	2,446	34,700	SH		SOLE		34,700	0	0
Macerich Co.	COM	554382101	128	18,803	SH		SOLE		18,803	0	0
Mack-Cali Realty Corp.	COM	554489104	151	12,000	SH		SOLE		12,000	0	0
Marathon Petroleum Corp.	COM	56585A102	1,845	62,872	SH		SOLE		62,872	0	0
Marriott International	COM	571903202	2,761	29,840	SH		SOLE		29,840	0	0
Marriott Vacation World	COM	57164Y107	523	5,763	SH		SOLE		5,763	0	0
Marsh & McLennan Companies, In	COM	571748102	21,261	185,360	SH		SOLE		185,360	0	0
MasterCard Inc	COM	57636Q104	17,500	51,750	SH		SOLE		51,750	0	0
McCormick & Co.	COM	579780206	16,418	84,585	SH		SOLE		84,585	0	0
McDonald's Corp.	COM	580135101	13,586	61,900	SH		SOLE		61,900	0	0
Mckesson HBOC Inc.	COM	58155Q103	2,140	14,370	SH		SOLE		14,370	0	0
Medtronic Inc	COM	G5960L103	7,257	69,835	SH		SOLE		69,835	0	0
Mercadolibre Inc ADR	COM	58733R102	5,656	5,225	SH		SOLE		5,225	0	0
Merck & Co., Inc.	COM	58933Y105	16,830	202,890	SH		SOLE		202,890	0	0
Metlife Inc	COM	59156R108	5,170	139,085	SH		SOLE		139,085	0	0
Micron Technology Inc.	COM	595112103	4,771	101,650	SH		SOLE		101,650	0	0
Microsoft Corp	COM	594918104	111,685	530,998	SH		SOLE		530,998	0	0
Minerals Technologies Inc	COM	603158106	2,634	51,540	SH		SOLE		51,540	0	0
Mitsubishi UFJ Financial Group	COM	606822104	989	246,550	SH		SOLE		246,550	0	0
Mitsui & Co Ltd-Spons ADR	COM	606827202	436	1,275	SH		SOLE		1,275	0	0
Mondelez International Inc	COM	609207105	201	3,500	SH		SOLE		3,500	0	0
Morgan Stanley, Dean Witter, D	COM	617446448	8,747	180,900	SH		SOLE		180,900	0	0
National Grid PLC	COM	636274409	543	9,400	SH		SOLE		9,400	0	0
Netflix Inc	COM	64110L106	16,528	33,055	SH		SOLE		33,055	0	0
New York Community Bancorp	COM	649445103	84	10,100	SH		SOLE		10,100	0	0
Newmont Goldcorp Corp.	COM	651639106	6,579	103,693	SH		SOLE		103,693	0	0
NextEra Energy Inc	COM	65339F101	9,934	35,789	SH		SOLE		35,789	0	0
NICE Ltd ADR	COM	653656108	1,578	6,950	SH		SOLE		6,950	0	0
Nintendo Co Ltd	COM	654445303	659	9,325	SH		SOLE		9,325	0	0
Nippon Telegraph & Telephone C	COM	654624105	2,314	113,600	SH		SOLE		113,600	0	0
Nisource Inc.	COM	65473P105	3,293	149,680	SH		SOLE		149,680	0	0
Nokia Corp ADR	COM	654902204	337	86,225	SH		SOLE		86,225	0	0
Norsk Hydro ASA ADR	COM	656531605	50	18,000	SH		SOLE		18,000	0	0
Northrop Grumman Corp.	COM	666807102	14,003	44,385	SH		SOLE		44,385	0	0
Novartis ADR	COM	66987V109	2,652	30,500	SH		SOLE		30,500	0	0
Novo Nordisk ADR	COM	670100205	3,888	56,000	SH		SOLE		56,000	0	0
Nutrien LTD	COM	67077M108	3,451	87,972	SH		SOLE		87,972	0	0
NVIDIA Corp.	COM	67066G104	21,892	40,450	SH		SOLE		40,450	0	0
Occidental Petroleum	COM	674599105	194	19,362	SH		SOLE		19,362	0	0
Omega Healthcare Investors	COM	681936100	829	27,675	SH		SOLE		27,675	0	0
Oracle Corp.	COM	68389X105	7,483	125,339	SH		SOLE		125,339	0	0
Otis Worlwide Corp	COM	68902V107	3,528	56,523	SH		SOLE		56,523	0	0
Outfront Media Inc	COM	69007J106	188	12,950	SH		SOLE		12,950	0	0
Palo Alto Networks Inc	COM	697435105	4,366	17,840	SH		SOLE		17,840	0	0
Panasonic Corp ADR	COM	69832A205	524	62,200	SH		SOLE		62,200	0	0
Parsley Energy Inc	COM	701877102	760	81,185	SH		SOLE		81,185	0	0
PayPal Holdings Inc	COM	70450Y103	21,388	108,550	SH		SOLE		108,550	0	0
Peloton Interactive Inc	COM	70614W100	14,223	143,315	SH		SOLE		143,315	0	0
PepsiCo, Inc.	COM	713448108	14,900	107,640	SH		SOLE		107,640	0	0
Pfizer, Inc.	COM	717081103	16,830	458,587	SH		SOLE		458,587	0	0
Philip Morris International In	COM	718172109	1,837	24,500	SH		SOLE		24,500	0	0
Phillips 66	COM	718546104	430	8,300	SH		SOLE		8,300	0	0
Plains All American Pipeline L	COM	726503105	71	11,865	SH		SOLE		11,865	0	0
PNC Financial Services Group	COM	693475105	9,115	82,934	SH		SOLE		82,934	0	0
PPG Industries, Inc.	COM	693506107	812	6,650	SH		SOLE		6,650	0	0
PPL Corp.	COM	69351T106	2,236	82,180	SH		SOLE		82,180	0	0
Prada SPA ADR	COM	73942H100	242	31,100	SH		SOLE		31,100	0	0
Procter & Gamble Inc	COM	742718109	34,136	245,600	SH		SOLE		245,600	0	0
Prologis Trust	COM	74340W103	16,384	162,833	SH		SOLE		162,833	0	0
Prudential Financial, Inc.	COM	744320102	3,214	50,595	SH		SOLE		50,595	0	0
PTC Inc	COM	69370C100	4,811	58,164	SH		SOLE		58,164	0	0
Public Service Enterprise Grou	COM	744573106	1,021	18,600	SH		SOLE		18,600	0	0
Qualcomm Inc.	COM	747525103	10,323	87,724	SH		SOLE		87,724	0	0
Quest Diagnostics Inc	COM	74834L100	1,242	10,850	SH		SOLE		10,850	0	0
Raytheon Technologies Corp	COM	75513E101	6,505	113,050	SH		SOLE		113,050	0	0
Regions Financial Corp.	COM	7591EP100	215	18,610	SH		SOLE		18,610	0	0
Repsol SA ADR	COM	76026T205	72	10,600	SH		SOLE		10,600	0	0
Rexnord Corp	COM	76169B102	3,751	125,710	SH		SOLE		125,710	0	0
RingCentral Inc	COM	76680R206	12,815	46,667	SH		SOLE		46,667	0	0
Roche Holdings Ltd-Spons ADR	COM	771195104	1,136	26,500	SH		SOLE		26,500	0	0
Roper Technologies, Inc	COM	776696106	5,630	14,250	SH		SOLE		14,250	0	0
Royal Dutch Shell PLC ADR	COM	780259206	628	24,950	SH		SOLE		24,950	0	0
Sabra Health Care REIT Inc	COM	78573L106	154	11,201	SH		SOLE		11,201	0	0
Salesforce.com Inc	COM	79466L302	15,912	63,314	SH		SOLE		63,314	0	0
Sanofi ADR	COM	80105N105	1,790	35,600	SH		SOLE		35,600	0	0
Santos Ltd ADR	COM	803021807	157	44,800	SH		SOLE		44,800	0	0
SAP SE	COM	803054204	2,945	18,900	SH		SOLE		18,900	0	0
Schlumberger Ltd.	COM	806857108	2,502	160,821	SH		SOLE		160,821	0	0
Schneider Electric SE ADR	COM	80687P106	517	20,775	SH		SOLE		20,775	0	0
Seagate Technology	COM	G7945M107	454	9,200	SH		SOLE		9,200	0	0
Sealed Air Corp.	COM	81211K100	2,754	70,950	SH		SOLE		70,950	0	0
Sempra Energy	COM	816851109	6,264	52,920	SH		SOLE		52,920	0	0
Sensata Technologies Holding P	COM	G8060N102	478	11,075	SH		SOLE		11,075	0	0
Servicenow Inc	COM	81762P102	13,905	28,671	SH		SOLE		28,671	0	0
SFL Corp Ltd	COM	G7738W106	138	18,400	SH		SOLE		18,400	0	0
Simon Property Group, Inc.	COM	828806109	724	11,186	SH		SOLE		11,186	0	0
Singapore Telecom-SP ADR	COM	82929R304	472	30,400	SH		SOLE		30,400	0	0
Splunk Inc	COM	848637104	7,206	38,301	SH		SOLE		38,301	0	0
Starbucks Corp.	COM	855244109	9,476	110,290	SH		SOLE		110,290	0	0
STMicroelect4ronics NV	COM	861012102	1,079	35,150	SH		SOLE		35,150	0	0
Subsea 7 Sa ADR	COM	864323100	171	23,900	SH		SOLE		23,900	0	0
Sun Hung Kai Prop Ltd	COM	86676H302	316	24,775	SH		SOLE		24,775	0	0
Swisscom AG ADR	COM	871013108	367	6,900	SH		SOLE		6,900	0	0
T Mobile US Inc	COM	872590104	7,088	61,975	SH		SOLE		61,975	0	0
Taiwan Semiconductor Manufactu	COM	874039100	4,238	52,271	SH		SOLE		52,271	0	0
Take-Two Interactive Software	COM	874054109	5,622	34,030	SH		SOLE		34,030	0	0
Target Corp.	COM	87612E106	14,375	91,315	SH		SOLE		91,315	0	0
TC Energy Corp	COM	87807B107	572	13,605	SH		SOLE		13,605	0	0
TDK Corp. ADR	COM	872351408	378	3,500	SH		SOLE		3,500	0	0
Telenor ASA ADR	COM	87944W105	406	24,300	SH		SOLE		24,300	0	0
Tencent Holdings LTD-UNS ADR	COM	88032Q109	873	13,225	SH		SOLE		13,225	0	0
Texas Instruments	COM	882508104	4,587	32,057	SH		SOLE		32,057	0	0
The Travelers Companies, Inc.	COM	89417E109	6,092	56,306	SH		SOLE		56,306	0	0
Thermo Fisher Scientific Inc	COM	883556102	27,220	61,650	SH		SOLE		61,650	0	0
Thomson Reuters Corp	COM	884903709	929	11,642	SH		SOLE		11,642	0	0
Tokio Marine Holdings Inc ADR	COM	889094108	959	22,000	SH		SOLE		22,000	0	0
Total SA ADR	COM	89151E109	1,063	31,000	SH		SOLE		31,000	0	0
Toyota Motor Corp. ADR	COM	892331307	3,400	25,675	SH		SOLE		25,675	0	0
Tractor Supply Company	COM	892356106	3,655	25,500	SH		SOLE		25,500	0	0
TRIP.COM Group LTD-ADR	COM	89677Q107	349	11,200	SH		SOLE		11,200	0	0
Truist Financial Corp	COM	89832Q109	3,268	85,890	SH		SOLE		85,890	0	0
Tupperware Brands Corp	COM	899896104	308	15,300	SH		SOLE		15,300	0	0
U.S. Bancorp	COM	902973304	5,745	160,242	SH		SOLE		160,242	0	0
Uber Technologies Inc	COM	90353T100	4,674	128,115	SH		SOLE		128,115	0	0
UBS Group AG	COM	H42097107	302	27,120	SH		SOLE		27,120	0	0
Ulta Beauty Inc	COM	90384S303	4,303	19,210	SH		SOLE		19,210	0	0
Unilever PLC ADR	COM	904767704	2,093	33,940	SH		SOLE		33,940	0	0
Union Pacific	COM	907818108	11,438	58,100	SH		SOLE		58,100	0	0
United Health Group Inc.	COM	91324P102	25,737	82,550	SH		SOLE		82,550	0	0
United Parcel Services Cl B	COM	911312106	10,101	60,620	SH		SOLE		60,620	0	0
Unum Group	COM	91529Y106	3,893	35,920	SH		SOLE		35,920	0	0
Valero Energy Corp.	COM	91913Y100	1,797	41,475	SH		SOLE		41,475	0	0
Verizon Communications Inc	COM	92343V104	14,173	238,248	SH		SOLE		238,248	0	0
Vertex Pharmaceuticals Inc	COM	92532F100	7,626	28,025	SH		SOLE		28,025	0	0
Visa Inc	COM	92826C839	20,970	104,865	SH		SOLE		104,865	0	0
Vulcan Materials	COM	929160109	3,275	24,160	SH		SOLE		24,160	0	0
Wabtec Corp	COM	929740108	212	3,419	SH		SOLE		3,419	0	0
Walgreens Boots Alliance Inc	COM	931427108	3,316	92,305	SH		SOLE		92,305	0	0
Walmart Stores Inc	COM	931142103	18,625	133,120	SH		SOLE		133,120	0	0
Walt Disney Co.	COM	254687106	20,324	163,795	SH		SOLE		163,795	0	0
Weatherford International PL	COM	G48833118	143	73,566	SH		SOLE		73,566	0	0
Wells Fargo Co.	COM	949746101	7,376	313,730	SH		SOLE		313,730	0	0
Welltower Inc	COM	95040Q104	1,524	27,655	SH		SOLE		27,655	0	0
Western Digital	COM	958102105	1,171	31,999	SH		SOLE		31,999	0	0
Westpac Banking Corp. Ltd ADR	COM	961214301	1,656	137,500	SH		SOLE		137,500	0	0
Williams Cos.	COM	969457100	570	29,000	SH		SOLE		29,000	0	0
WNS Holdings LTD	COM	92932M101	7,367	115,175	SH		SOLE		115,175	0	0
WPP PLC ADR	COM	92937A102	212	5,400	SH		SOLE		5,400	0	0
Wright Medical Group NV	COM	N96617118	570	18,650	SH		SOLE		18,650	0	0
Yum China Holdings Inc	COM	98850P109	843	15,925	SH		SOLE		15,925	0	0
Zoetis	COM	98978V103	12,815	77,495	SH		SOLE		77,495	0	0
Zscaler Inc	COM	98980G102	5,393	38,330	SH		SOLE		38,330	0	0
Wisdomtree Emerging Markets Hi	COM	97717W315	596	16,900	SH		SOLE		16,900	0	0
Bristol-Myers Squibb-Cvr	COM	110122157	195	86,545	SH		SOLE		86,545	0	0