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
Estimated average burden
hours per response: 23.8
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287Y109   128,278,995 952,119 SH   SOLE   116,300 0 835,819
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101   140,841,342 1,461,768 SH   SOLE   184,067 0 1,277,701
BROADCOM INC COM 11135F101   188,549,730 217,366 SH   SOLE   27,017 0 190,349
CME GROUP INC COM 12572Q105   119,629,339 645,633 SH   SOLE   82,527 0 563,106
COMCAST CORP NEW CL A 20030N101   107,726,311 2,592,691 SH   SOLE   333,038 0 2,259,653
CONOCOPHILLIPS COM 20825C104   136,769,552 1,320,042 SH   SOLE   165,061 0 1,154,981
CUMMINS INC COM 231021106   121,114,188 494,021 SH   SOLE   61,835 0 432,186
ENTERPRISE PRODS PARTNERS L COM 293792107   130,412,237 4,949,231 SH   SOLE   412,973 0 4,536,258
GENUINE PARTS CO COM 372460105   133,732,900 790,243 SH   SOLE   98,987 0 691,256
HOME DEPOT INC COM 437076102   105,015,670 338,062 SH   SOLE   43,140 0 294,922
INTERPUBLIC GROUP COS INC COM 460690100   92,103,569 2,387,340 SH   SOLE   295,851 0 2,091,489
JOHNSON & JOHNSON COM 478160104   122,019,636 737,190 SH   SOLE   89,193 0 647,997
KEURIG DR PEPPER INC COM 49271V100   58,728,750 1,878,118 SH   SOLE   235,259 0 1,642,859
LAMAR ADVERTISING CO NEW CL A 512816109   134,324,205 1,353,392 SH   SOLE   170,953 0 1,182,439
M D C HLDGS INC COM 552676108   74,587,731 1,594,777 SH   SOLE   204,228 0 1,390,549
MORGAN STANLEY COM NEW 617446448   76,598,249 896,935 SH   SOLE   116,195 0 780,740
OLD REP INTL CORP COM 680223104   122,071,031 4,849,862 SH   SOLE   611,740 0 4,238,122
PAYCHEX INC COM 704326107   101,368,763 906,130 SH   SOLE   116,571 0 789,559
PROCTER AND GAMBLE CO COM 742718109   137,652,463 907,160 SH   SOLE   115,786 0 791,374
PUBLIC SVC ENTERPRISE GRP IN COM 744573106   126,131,519 2,014,559 SH   SOLE   253,986 0 1,760,573
SNAP ON INC COM 833034101   131,226,010 455,345 SH   SOLE   57,659 0 397,686
TARGET CORP COM 87612E106   71,769,045 544,117 SH   SOLE   68,061 0 476,056
TEXAS INSTRS INC COM 882508104   115,999,307 644,369 SH   SOLE   82,420 0 561,949
UNILEVER PLC SPON ADR NEW 904767704   113,531,946 2,177,862 SH   SOLE   273,974 0 1,903,888
UNITED PARCEL SERVICE INC CL B 911312106   105,363,329 587,801 SH   SOLE   74,346 0 513,455
WATSCO INC COM 942622200   89,095,752 233,559 SH   SOLE   30,001 0 203,558