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
OMB APPROVAL
OMB Number: 3235-0006
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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
AT&T Pfd PFD 00206R409 332 12,000 SH   SOLE   12,000 0 0
Legg Mason Pfd PFD 524901600 252 10,000 SH   SOLE   10,000 0 0
Public Storage Pfd PFD 74460w594 335 12,000 SH   SOLE   12,000 0 0
US Bancorp Pfd PFD 902973718 312 12,000 SH   SOLE   12,000 0 0
3M Company COM 88579y101 10,610 53,420 SH   SOLE   53,420 0 0
AbbVie Inc. COM 00287y109 11,000 97,664 SH   SOLE   97,664 0 0
Adobe Systems COM 00724F101 14,505 24,768 SH   SOLE   24,768 0 0
Akamai Technologies COM 00971T101 11,756 100,827 SH   SOLE   100,827 0 0
Allstate COM 020002101 13,585 104,154 SH   SOLE   104,154 0 0
Alphabet Inc. Class A COM 02079k305 26,124 10,699 SH   SOLE   10,699 0 0
Amazon.Com Inc. COM 023135106 24,476 7,115 SH   SOLE   7,115 0 0
Amgen COM 031162100 226 930 SH   SOLE   930 0 0
Apple Inc. COM 037833100 25,245 184,330 SH   SOLE   184,330 0 0
Applied Materials Inc. COM 038222105 13,553 95,181 SH   SOLE   95,181 0 0
Automatic Data Proc COM 053015103 12,478 62,826 SH   SOLE   62,826 0 0
Bank Of America Corp COM 060505104 14,276 346,254 SH   SOLE   346,254 0 0
Booking Holdings Inc. COM 09857L108 10,831 4,950 SH   SOLE   4,950 0 0
Bristol Myers Squibb COM 110122108 13,016 194,800 SH   SOLE   194,800 0 0
Broadcom Inc COM 11135F101 13,904 29,160 SH   SOLE   29,160 0 0
CVS Health Corp COM 126650100 13,072 156,674 SH   SOLE   156,674 0 0
Capital One Financial COM 14040h105 13,561 87,667 SH   SOLE   87,667 0 0
Caterpillar Inc Del COM 149123101 15,321 70,402 SH   SOLE   70,402 0 0
Cerner Corp. COM 156782104 10,264 131,328 SH   SOLE   131,328 0 0
Chevron Corp COM 166764100 7,946 75,869 SH   SOLE   75,869 0 0
Chubb Limited COM h1467j104 8,503 53,503 SH   SOLE   53,503 0 0
Cisco Systems COM 17275R102 13,751 259,453 SH   SOLE   259,453 0 0
Comcast Corp Class A COM 20030N101 14,358 251,820 SH   SOLE   251,820 0 0
Digital Realty Trust Inc. COM 253868103 860 5,718 SH   SOLE   5,718 0 0
Eaton Corp. COM G29183103 15,047 101,549 SH   SOLE   101,549 0 0
Eli Lilly & Co COM 532457108 1,263 5,505 SH   SOLE   5,505 0 0
Evercore Inc. COM 29977a105 12,082 85,834 SH   SOLE   85,834 0 0
Facebook Inc. COM 30303m102 18,473 53,129 SH   SOLE   53,129 0 0
Fiserv Inc. COM 337738108 13,436 125,705 SH   SOLE   125,705 0 0
Gilead Sciences Inc. COM 375558103 10,254 148,922 SH   SOLE   148,922 0 0
Healthpeak Properties Inc. COM 42250P103 15,130 454,505 SH   SOLE   454,505 0 0
Home Depot Inc. COM 437076102 17,780 55,756 SH   SOLE   55,756 0 0
Honeywell Inc. COM 438516106 14,442 65,842 SH   SOLE   65,842 0 0
Humana Inc. COM 444859102 539 1,218 SH   SOLE   1,218 0 0
Intel Corp. COM 458140100 11,505 204,949 SH   SOLE   204,949 0 0
International Paper COM 460146103 10,107 164,853 SH   SOLE   164,853 0 0
Ishares Trust GR Index Fund COM 464287648 357 1,148 SH   SOLE   1,148 0 0
J. P. Morgan COM 46625H100 14,357 92,309 SH   SOLE   92,309 0 0
J.M. Smucker Co. COM 832696405 12,234 94,426 SH   SOLE   94,426 0 0
Jabil Circuit, Inc. COM 466313103 14,292 245,907 SH   SOLE   245,907 0 0
Johnson & Johnson COM 478160104 11,838 71,862 SH   SOLE   71,862 0 0
Lam Research COM 512807108 18,675 28,700 SH   SOLE   28,700 0 0
Lowe's Companies Inc. COM 548661107 502 2,590 SH   SOLE   2,590 0 0
MDU Resources Group COM 552690109 16,469 525,507 SH   SOLE   525,507 0 0
Medtronic PLC COM G5960L103 12,906 103,977 SH   SOLE   103,977 0 0
Merck & Co. COM 58933y105 11,800 151,740 SH   SOLE   151,740 0 0
Microsoft Corp. COM 594918104 24,197 89,322 SH   SOLE   89,322 0 0
O'Reilly Automotive Inc. COM 67103H107 15,092 26,656 SH   SOLE   26,656 0 0
Organon & Co. COM 68622V106 401 13,261 SH   SOLE   13,261 0 0
PNC Financial Services Group COM 693475105 13,180 69,093 SH   SOLE   69,093 0 0
Pepsico Inc. COM 713448108 11,602 78,305 SH   SOLE   78,305 0 0
Phillips 66 COM 718546104 8,489 98,918 SH   SOLE   98,918 0 0
Procter & Gamble COM 742718109 10,913 80,880 SH   SOLE   80,880 0 0
Sherwin-Williams Co. COM 824348106 11,618 42,643 SH   SOLE   42,643 0 0
TJX Cos. Inc. COM 872540109 14,509 215,213 SH   SOLE   215,213 0 0
Thermo Fisher Scientific COM 883556102 14,609 28,961 SH   SOLE   28,961 0 0
Tyson Foods, Inc. COM 902494103 11,694 158,551 SH   SOLE   158,551 0 0
United Parcel Service COM 911312106 12,177 58,555 SH   SOLE   58,555 0 0
UnitedHealth Group Inc. COM 91324P102 15,033 37,542 SH   SOLE   37,542 0 0
Verizon Communications COM 92343v104 544 9,718 SH   SOLE   9,718 0 0
Visa Inc. COM 92826c839 16,753 71,651 SH   SOLE   71,651 0 0
Wal Mart Stores COM 931142103 12,122 85,965 SH   SOLE   85,965 0 0
Walt Disney Co. COM 254687106 15,807 89,932 SH   SOLE   89,932 0 0
Zebra Technologies Corp COM 989207105 4,785 9,038 SH   SOLE   9,038 0 0