# EDGAR Filing Document

**Accession Number:** 0001034549
**File Stem:** 0001034549-23-000001
**Filing Date:** 2023-2
**Character Count:** 51157
**Document Hash:** 3a2c2f2decba96837650f9d8d30eefda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001034549-23-000001.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001034549-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARADIGM ASSET MANAGEMENT CO LLC
- **CENTRAL INDEX KEY:** 0001034549
- **IRS NUMBER:** 133521976
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06194
- **FILM NUMBER:** 23618388

**BUSINESS ADDRESS:**
- **STREET 1:** 445 HAMILTON AVENUE
- **STREET 2:** 11TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10601
- **BUSINESS PHONE:** 2127716100

**MAIL ADDRESS:**
- **STREET 1:** 445 HAMILTON AVENUE
- **STREET 2:** 11TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PARADIGM ASSET MANAGEMENT CO LLC/NY
- **DATE OF NAME CHANGE:** 19990326

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PARADIGM ASSET MANAGEMENT CO LLC<br>**Address:** 445 HAMILTON AVENUE<br>11TH FLOOR<br>NEW YORK, NY 10601

**Form 13F File Number:** 028-06194

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** James E. Francis<br>**Title:** CEO  President<br>**Phone:** 212-771-6100

**Signature, Place, and Date of Signing:**

James E. Francis  White Plains, NY  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 508

**Form 13F Information Table Value Total:** $356158

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABB LTD | ADR | 000375204 |  | 15230 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| ABBOTT LABS | COM | 002824100 |  | 1163774 | 10600 | SH |  | SOLE |  | 7900 | 0 | 2700 |
| ABBVIE INC. | COM | 00287Y109 |  | 2666565 | 16500 | SH |  | SOLE |  | 12200 | 0 | 4300 |
| ABN AMRO BANK NV-CVA | COM | 00BYQP136 |  | 93152 | 6753 | SH |  | SOLE |  | 0 | 0 | 6753 |
| ACCELLERON INDUSTRIES AG | ADR | 00449R109 |  | 510 | 25 | SH |  | SOLE |  | 0 | 0 | 25 |
| ACCENTURE PLC CL A | COM | G1151C101 |  | 1654408 | 6200 | SH |  | SOLE |  | 4600 | 0 | 1600 |
| ADIDAS AG-SPONSORED ADR | ADR | 00687A107 |  | 27096 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| ADMIRAL GROUP PLC | COM | 00B02J639 |  | 921508 | 35848 | SH |  | SOLE |  | 6500 | 0 | 29348 |
| ADVANCED AUTO PARTS | COM | 00751Y106 |  | 1161537 | 7900 | SH |  | SOLE |  | 5400 | 0 | 2500 |
| ADVANCED MICRO DEV | COM | 007903107 |  | 201888 | 3117 | SH |  | SOLE |  | 2400 | 0 | 717 |
| AIA GROUP LTD | COM | 00B4TX8S1 |  | 1058733 | 95200 | SH |  | SOLE |  | 18300 | 0 | 76900 |
| AIA GROUP LTD-SP ADR | ADR | 001317205 |  | 57759 | 1300 | SH |  | SOLE |  | 0 | 0 | 1300 |
| AIR LIQUIDE | ADR | 009126202 |  | 19798 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| AIR PROD  CHEM. | COM | 009158106 |  | 924780 | 3000 | SH |  | SOLE |  | 2200 | 0 | 800 |
| AKER BP ASA | COM | 00B1L95G3 |  | 1474010 | 47749 | SH |  | SOLE |  | 9179 | 0 | 38570 |
| AKZO N V ADR | ADR | 010199305 |  | 29003 | 1300 | SH |  | SOLE |  | 0 | 0 | 1300 |
| ALCON INC | COM | 00BJT1GR5 |  | 820138 | 12010 | SH |  | SOLE |  | 2300 | 0 | 9710 |
| ALIBABA GROUP HOLDING-SP ADR | ADR | 01609W102 |  | 17618 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| ALLEGHENY TECH. | COM | 01741R102 |  | 188118 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| ALLIANZ SE - UNSP ADR | ADR | 018820100 |  | 118468 | 5523 | SH |  | SOLE |  | 0 | 0 | 5523 |
| ALLIANZ SE-REG | COM | 005231485 |  | 985645 | 4597 | SH |  | SOLE |  | 891 | 0 | 3706 |
| ALLSTATE CORP. | COM | 020002101 |  | 922080 | 6800 | SH |  | SOLE |  | 4900 | 0 | 1900 |
| ALPHABET INC. CL A | COM | 02079K305 |  | 1787540 | 20260 | SH |  | SOLE |  | 15400 | 0 | 4860 |
| ALPHABET INC. CL C | COM | 02079K107 |  | 264415 | 2980 | SH |  | SOLE |  | 1800 | 0 | 1180 |
| ALTRIA GROUP | COM | 02209S103 |  | 146272 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| AMADEUS IT GROUP SA | COM | 00B3MSM28 |  | 198918 | 3839 | SH |  | SOLE |  | 0 | 0 | 3839 |
| AMADEUS IT GROUP-UNSP ADR | ADR | 02263T104 |  | 40952 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| AMAZON COM | COM | 023135106 |  | 688800 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| AMBEV SA-ADR | ADR | 02319V103 |  | 89004 | 32722 | SH |  | SOLE |  | 0 | 0 | 32722 |
| AMCOR LIMITED | COM | 006066608 |  | 1072779 | 89374 | SH |  | SOLE |  | 17200 | 0 | 72174 |
| AMCOR PLC | ADR | G0250X107 |  | 58359 | 4900 | SH |  | SOLE |  | 0 | 0 | 4900 |
| AMER. ELEC. PWR | COM | 025537101 |  | 968490 | 10200 | SH |  | SOLE |  | 7000 | 0 | 3200 |
| AMERIPRISE FINANCIAL | COM | 03076C106 |  | 1463439 | 4700 | SH |  | SOLE |  | 3200 | 0 | 1500 |
| AMERISOURCEBERGEN | COM | 03073E105 |  | 463988 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| AMETEK AEROSPACE | COM | 031100100 |  | 796404 | 5700 | SH |  | SOLE |  | 3900 | 0 | 1800 |
| AMGEN INC. | COM | 031162100 |  | 2311232 | 8800 | SH |  | SOLE |  | 6400 | 0 | 2400 |
| ANALOG DEVICES INC. | COM | 032654105 |  | 68729 | 419 | SH |  | SOLE |  | 0 | 0 | 419 |
| ANGLO AMERICAN PLC | COM | 00B1XZS82 |  | 857708 | 22031 | SH |  | SOLE |  | 3700 | 0 | 18331 |
| ANHEUSER-BUSCH INBEV NV | COM | 00BYYHL23 |  | 95786 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| ANSYS INC | COM | 03662Q105 |  | 169113 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| APA CORP | COM | 03743Q108 |  | 322092 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| APOLLO GLOBAL MANAGEMENT | COM | 03769M106 |  | 96068 | 1506 | SH |  | SOLE |  | 0 | 0 | 1506 |
| APPLE INC. | COM | 037833100 |  | 6918253 | 53246 | SH |  | SOLE |  | 40200 | 0 | 13046 |
| APPLIED MATLS INC. | COM | 038222105 |  | 256012 | 2629 | SH |  | SOLE |  | 0 | 0 | 2629 |
| ARAMARK | COM | 03852U106 |  | 76851 | 1859 | SH |  | SOLE |  | 0 | 0 | 1859 |
| ARCHER DANIELS MID | COM | 039483102 |  | 148560 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| ARISTOCRAT LEISURE LTD | COM | 006253983 |  | 1147574 | 55446 | SH |  | SOLE |  | 10600 | 0 | 44846 |
| ARKEMA | COM | 00B0Z5YZ2 |  | 779458 | 8707 | SH |  | SOLE |  | 1700 | 0 | 7007 |
| ASHTEAD GROUP PLC | COM | 000053673 |  | 920524 | 16213 | SH |  | SOLE |  | 3100 | 0 | 13113 |
| ASML HOLDING NV | COM | 00B929F46 |  | 2133515 | 3968 | SH |  | SOLE |  | 765 | 0 | 3203 |
| ASSA ABLOY AB-B | COM | 00BYPC1T4 |  | 818648 | 38131 | SH |  | SOLE |  | 7300 | 0 | 30831 |
| ASTELLAS PHARMA INC | COM | 006985383 |  | 1307552 | 85983 | SH |  | SOLE |  | 15000 | 0 | 70983 |
| ASTELLAS PHARMA INC-UNSP ADR | ADR | 04623U102 |  | 37900 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| ASTRAZENECA PLC | COM | 000989529 |  | 1066846 | 7906 | SH |  | SOLE |  | 1500 | 0 | 6406 |
| ASTRAZENECA PLC | ADR | 046353108 |  | 81360 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| AT INC. | COM | 00206R102 |  | 1288332 | 69980 | SH |  | SOLE |  | 45150 | 0 | 24830 |
| ATLAS COPCO AB-B SHS | COM | 00BLDBN52 |  | 1005258 | 94278 | SH |  | SOLE |  | 18100 | 0 | 76178 |
| ATOS SE | COM | 005654781 |  | 16716 | 1738 | SH |  | SOLE |  | 0 | 0 | 1738 |
| AUST  NZ BNKG | ADR | 052528304 |  | 72931 | 4544 | SH |  | SOLE |  | 0 | 0 | 4544 |
| AUTOZONE INC | COM | 053332102 |  | 1972944 | 800 | SH |  | SOLE |  | 600 | 0 | 200 |
| AVANTOR INC. | COM | 05352A100 |  | 38194 | 1811 | SH |  | SOLE |  | 0 | 0 | 1811 |
| AVIVA PLC | COM | 00BPQY8M8 |  | 961151 | 180449 | SH |  | SOLE |  | 34600 | 0 | 145849 |
| AXA -SPONS ADR | ADR | 054536107 |  | 55740 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| AXA SA | COM | 007088429 |  | 89928 | 3234 | SH |  | SOLE |  | 0 | 0 | 3234 |
| BAE SYS PLC | ADR | 05523R107 |  | 122220 | 2900 | SH |  | SOLE |  | 0 | 0 | 2900 |
| BAE SYSTEMS PLC | COM | 000263494 |  | 1163469 | 112993 | SH |  | SOLE |  | 21700 | 0 | 91293 |
| BANCO BILBAO VIZCAYA-SP ADR | ADR | 05946K101 |  | 25242 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| BANK LEUMI LE-ISRAEL | COM | 006076425 |  | 89006 | 10715 | SH |  | SOLE |  | 0 | 0 | 10715 |
| BANK OF AMERICA | COM | 060505104 |  | 3647340 | 110125 | SH |  | SOLE |  | 76550 | 0 | 33575 |
| BARCLAYS PLC | ADR | 06738E204 |  | 21840 | 2800 | SH |  | SOLE |  | 0 | 0 | 2800 |
| BASF SE-SPON ADR | ADR | 055262505 |  | 58642 | 4763 | SH |  | SOLE |  | 0 | 0 | 4763 |
| BAXTER INTL INC. | COM | 071813109 |  | 163104 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| BAYER A G | ADR | 072730302 |  | 63014 | 4900 | SH |  | SOLE |  | 0 | 0 | 4900 |
| BAYER AG-REG | COM | 005069211 |  | 812407 | 15752 | SH |  | SOLE |  | 3003 | 0 | 12749 |
| BAYERISCHE MOTOREN-SP ADR | ADR | 072743305 |  | 107191 | 3614 | SH |  | SOLE |  | 0 | 0 | 3614 |
| BEAZER HOMES USA | COM | 07556Q881 |  | 46957 | 3680 | SH |  | SOLE |  | 3680 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1001688 | 3939 | SH |  | SOLE |  | 3580 | 0 | 359 |
| BERKSHIRE HATH. B | COM | 084670702 |  | 4174475 | 13514 | SH |  | SOLE |  | 9600 | 0 | 3914 |
| BHP GROUP LTD | COM | 006144690 |  | 1062245 | 34328 | SH |  | SOLE |  | 6600 | 0 | 27728 |
| BIOGEN IDEC INC | COM | 09062X103 |  | 139845 | 505 | SH |  | SOLE |  | 0 | 0 | 505 |
| BLACKROCK INC. | COM | 09247X101 |  | 2470993 | 3487 | SH |  | SOLE |  | 2400 | 0 | 1087 |
| BNP PARIBAS | COM | 007309681 |  | 1081836 | 19036 | SH |  | SOLE |  | 3369 | 0 | 15667 |
| BNP PARIBAS | ADR | 05565A202 |  | 59787 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| BOC HONG KONG HLDS-SPONS ADR | ADR | 096813209 |  | 20346 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| BOEING CO. | COM | 097023105 |  | 742911 | 3900 | SH |  | SOLE |  | 2320 | 0 | 1580 |
| BOOKING HOLDINGS INC. | COM | 09857L108 |  | 100764 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| BP AMOCO PLC | ADR | 055622104 |  | 125748 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| BP PLC | COM | 000798059 |  | 165510 | 28973 | SH |  | SOLE |  | 0 | 0 | 28973 |
| BRISTOL MYERS SQUIBB | COM | 110122108 |  | 273986 | 3808 | SH |  | SOLE |  | 0 | 0 | 3808 |
| BRITISH AMERN TOB PLC | ADR | 110448107 |  | 1183288 | 29597 | SH |  | SOLE |  | 4700 | 0 | 24897 |
| BROADCOM INC. | COM | 11135F101 |  | 2012868 | 3600 | SH |  | SOLE |  | 2700 | 0 | 900 |
| BUNGE LIMITED | COM | G16962105 |  | 159632 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| BURBERRY GROUP PLC | COM | 003174300 |  | 1097311 | 44937 | SH |  | SOLE |  | 8600 | 0 | 36337 |
| CAP GEMINI | COM | 004163437 |  | 1215993 | 7306 | SH |  | SOLE |  | 1400 | 0 | 5906 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 484281 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| CARLISLE COS. | COM | 142339100 |  | 94024 | 399 | SH |  | SOLE |  | 0 | 0 | 399 |
| CARMAX GROUP | COM | 143130102 |  | 30141 | 495 | SH |  | SOLE |  | 0 | 0 | 495 |
| CATERPILLAR TRACTOR | COM | 149123101 |  | 143736 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| CBOE HOLDINGS INC | COM | 12503M108 |  | 263487 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| CELANESE CORP | COM | 150870103 |  | 42430 | 415 | SH |  | SOLE |  | 0 | 0 | 415 |
| CENTENE CORP | COM | 15135B101 |  | 1435175 | 17500 | SH |  | SOLE |  | 12000 | 0 | 5500 |
| CF INDUSTRIES HLDGS | COM | 125269100 |  | 213000 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| CHARLES RIV LABS INTL. | COM | 159864107 |  | 38350 | 176 | SH |  | SOLE |  | 0 | 0 | 176 |
| CHARLES SCHWAB | COM | 808513105 |  | 1032424 | 12400 | SH |  | SOLE |  | 9200 | 0 | 3200 |
| CHECK POINT SOFTWARE | ADR | M22465104 |  | 25232 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| CHEUNG KONG PROPERTY HDG | COM | 00BYZQ077 |  | 943153 | 153200 | SH |  | SOLE |  | 29500 | 0 | 123700 |
| CHEVRON CORP | COM | 166764100 |  | 6924365 | 38578 | SH |  | SOLE |  | 27043 | 0 | 11535 |
| CHOCOLADEFABRIKEN LINDT-PC | COM | 005962280 |  | 1019239 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| CHUBU ELECTRIC POWER CO. | COM | 006195609 |  | 79555 | 7707 | SH |  | SOLE |  | 0 | 0 | 7707 |
| CHUGAI PHARMACEUTICAL CO LTD | COM | 006196408 |  | 816825 | 32000 | SH |  | SOLE |  | 6000 | 0 | 26000 |
| CIE FINANCIERE RICH-UNSP ADR | ADR | 204319107 |  | 108366 | 8407 | SH |  | SOLE |  | 0 | 0 | 8407 |
| CIGNA CORP. | COM | 125523100 |  | 240221 | 725 | SH |  | SOLE |  | 0 | 0 | 725 |
| CINTAS CORP | COM | 172908105 |  | 361296 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| CISCO SYSTEMS | COM | 17275R102 |  | 2305776 | 48400 | SH |  | SOLE |  | 33100 | 0 | 15300 |
| CITIZENS FINANCIAL GROUP | COM | 174610105 |  | 898778 | 22829 | SH |  | SOLE |  | 14330 | 0 | 8499 |
| CK HUTCHISON HOLDIN-UNSP ADR | ADR | 12562Y100 |  | 26775 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| CLP HOLDINGS LTD | COM | 006097017 |  | 69617 | 9541 | SH |  | SOLE |  | 0 | 0 | 9541 |
| CLP HOLDINGS LTD-SPONS ADR | ADR | 18946Q101 |  | 18150 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| CME GROUP | COM | 12572Q105 |  | 639008 | 3800 | SH |  | SOLE |  | 2600 | 0 | 1200 |
| COCA COLA COMPANY | COM | 191216100 |  | 273523 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| COCA-COLA FEMSA SAB-SP ADR | ADR | 191241108 |  | 27152 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| COGNIZANT TECH. | COM | 192446102 |  | 1303932 | 22800 | SH |  | SOLE |  | 15600 | 0 | 7200 |
| COMCAST CORP-Cl A | COM | 20030N101 |  | 779831 | 22300 | SH |  | SOLE |  | 22300 | 0 | 0 |
| COMMERZBANK AG | COM | 00B90LKT4 |  | 129967 | 13782 | SH |  | SOLE |  | 0 | 0 | 13782 |
| COMPAGNIE DE SAINT GOBAIN | COM | 007380482 |  | 838665 | 17214 | SH |  | SOLE |  | 3300 | 0 | 13914 |
| COMPASS GROUP PLC | COM | 00BD6K457 |  | 1027273 | 44537 | SH |  | SOLE |  | 8600 | 0 | 35937 |
| COMPASS GROUP PLC-SPON ADR | ADR | 20449X401 |  | 25597 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| COMPASS MINERALS INTL | COM | 20451N101 |  | 63796 | 1556 | SH |  | SOLE |  | 0 | 0 | 1556 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2183000 | 18500 | SH |  | SOLE |  | 13700 | 0 | 4800 |
| CONSTELLATION BRNDS A | COM | 21036P108 |  | 1135575 | 4900 | SH |  | SOLE |  | 3700 | 0 | 1200 |
| CONSTELLATION ENERGY | COM | 21037T109 |  | 685283 | 7949 | SH |  | SOLE |  | 5165 | 0 | 2784 |
| CONTINENTAL AG | ADR | 210771200 |  | 18507 | 3100 | SH |  | SOLE |  | 0 | 0 | 3100 |
| CORTEVA INC. | COM | 22052L104 |  | 258632 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| COSTCO WHOLESALE | COM | 22160K105 |  | 630426 | 1381 | SH |  | SOLE |  | 1100 | 0 | 281 |
| COTERRA ENERGY INC. | COM | 127097103 |  | 1162161 | 47300 | SH |  | SOLE |  | 32400 | 0 | 14900 |
| CREDIT AGRICOLE SA | COM | 007262610 |  | 69133 | 6589 | SH |  | SOLE |  | 0 | 0 | 6589 |
| CREDIT SUISSE GP | ADR | 225401108 |  | 37951 | 12484 | SH |  | SOLE |  | 0 | 0 | 12484 |
| CRODA INTERNATIONAL PLC | COM | 00BJFFLV0 |  | 842774 | 10609 | SH |  | SOLE |  | 2000 | 0 | 8609 |
| CROWN CASTLE INTL | COM | 22822V101 |  | 1247888 | 9200 | SH |  | SOLE |  | 6300 | 0 | 2900 |
| CSL LTD | COM | 006185495 |  | 1015532 | 5204 | SH |  | SOLE |  | 1000 | 0 | 4204 |
| CUMMINS INC | COM | 231021106 |  | 751099 | 3100 | SH |  | SOLE |  | 2100 | 0 | 1000 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 734756 | 4400 | SH |  | SOLE |  | 3000 | 0 | 1400 |
| CVS CAREMARK CORP | COM | 126650100 |  | 3997851 | 42900 | SH |  | SOLE |  | 29800 | 0 | 13100 |
| DAI-ICHI LIFE HOLDINGS | COM | 00B601QS4 |  | 94055 | 4145 | SH |  | SOLE |  | 0 | 0 | 4145 |
| DAIKIN INDUSTRIES-UNSPON ADR | ADR | 23381B106 |  | 25687 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| DANONE-SPONS ADR | ADR | 23636T100 |  | 25236 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| DBS GP HLDGS-SPON ADR | ADR | 23304Y100 |  | 30411 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| DBS GROUP HOLDINGS LTD | COM | 006175203 |  | 1069800 | 42300 | SH |  | SOLE |  | 8100 | 0 | 34200 |
| DELTA AIR LINES | COM | 247361702 |  | 667058 | 20300 | SH |  | SOLE |  | 13900 | 0 | 6400 |
| DENSO CORP | COM | 006640381 |  | 792573 | 16000 | SH |  | SOLE |  | 3000 | 0 | 13000 |
| DEUTSCHE BOERSE AG | COM | 007021963 |  | 1112245 | 6457 | SH |  | SOLE |  | 1100 | 0 | 5357 |
| DEUTSCHE BOERSE AG-UNSPN ADR | ADR | 251542106 |  | 20592 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| DEUTSCHE POST AG | ADR | 25157Y202 |  | 11250 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| DEUTSCHE TELEKOM AG-REG | COM | 005842359 |  | 3330138 | 167416 | SH |  | SOLE |  | 31300 | 0 | 136116 |
| DEVON ENERGY (NEW) | COM | 25179M103 |  | 500076 | 8130 | SH |  | SOLE |  | 0 | 0 | 8130 |
| DEXCOM INC | COM | 252131107 |  | 57073 | 504 | SH |  | SOLE |  | 0 | 0 | 504 |
| DIAGEO PLC | COM | 000237400 |  | 1463295 | 33328 | SH |  | SOLE |  | 6400 | 0 | 26928 |
| DIAGEO PLC | ADR | 25243Q205 |  | 35638 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| DISCOVER FINCL SERVICES | COM | 254709108 |  | 1321585 | 13509 | SH |  | SOLE |  | 8670 | 0 | 4839 |
| DISNEY WALT PRODTNS | COM | 254687106 |  | 330144 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| DNB ASA | COM | 004263304 |  | 754804 | 38239 | SH |  | SOLE |  | 0 | 0 | 38239 |
| DOLLAR GEN CORP | COM | 256677105 |  | 1896125 | 7700 | SH |  | SOLE |  | 5700 | 0 | 2000 |
| DOLLAR TREE INC | COM | 256746108 |  | 1881152 | 13300 | SH |  | SOLE |  | 9100 | 0 | 4200 |
| DREAM FINDERS HOMES INC. | COM | 26154D100 |  | 153282 | 17700 | SH |  | SOLE |  | 17700 | 0 | 0 |
| DSV A/S | COM | 00B1WT5G2 |  | 818931 | 5204 | SH |  | SOLE |  | 1000 | 0 | 4204 |
| DUPONT DE NEMOURS | COM | 26614N102 |  | 90317 | 1316 | SH |  | SOLE |  | 0 | 0 | 1316 |
| E.ON SE | COM | 004942904 |  | 72451 | 7273 | SH |  | SOLE |  | 0 | 0 | 7273 |
| EASTMAN CHEM CO | COM | 277432100 |  | 248311 | 3049 | SH |  | SOLE |  | 2400 | 0 | 649 |
| EATON CORP PLC | COM | G29183103 |  | 2338555 | 14900 | SH |  | SOLE |  | 10700 | 0 | 4200 |
| ELI LILLY  CO. | COM | 532457108 |  | 1097520 | 3000 | SH |  | SOLE |  | 2300 | 0 | 700 |
| EMBECTA CORP. | COM | 29082K105 |  | 1796 | 71 | SH |  | SOLE |  | 0 | 0 | 71 |
| EMERSON ELEC CO. | COM | 291011104 |  | 120843 | 1258 | SH |  | SOLE |  | 0 | 0 | 1258 |
| ENEL SPA | COM | 007144569 |  | 837068 | 155929 | SH |  | SOLE |  | 29900 | 0 | 126029 |
| ENEL SPA - UNSPON ADR | ADR | 29265W207 |  | 25098 | 4700 | SH |  | SOLE |  | 0 | 0 | 4700 |
| ENI S P A | ADR | 26874R108 |  | 20062 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| ENI SPA | COM | 007145056 |  | 94790 | 6685 | SH |  | SOLE |  | 0 | 0 | 6685 |
| EOG RESOURCES INC. | COM | 26875P101 |  | 1735568 | 13400 | SH |  | SOLE |  | 9700 | 0 | 3700 |
| EQT CORP | COM | 26884L109 |  | 287555 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 129041 | 197 | SH |  | SOLE |  | 0 | 0 | 197 |
| EQUINOR ASA | COM | 007133608 |  | 92923 | 2602 | SH |  | SOLE |  | 500 | 0 | 2102 |
| EQUITY LIFESTYLE PPTYS | COM | 29472R108 |  | 910860 | 14100 | SH |  | SOLE |  | 9600 | 0 | 4500 |
| ERSTE GROUP BANK AG | COM | 005289837 |  | 849528 | 26622 | SH |  | SOLE |  | 5100 | 0 | 21522 |
| ESSENTIAL UTILITIES INC | COM | 29670G102 |  | 1322121 | 27700 | SH |  | SOLE |  | 20900 | 0 | 6800 |
| ESSILORLUXOTTICA | COM | 007212477 |  | 1011963 | 5604 | SH |  | SOLE |  | 1100 | 0 | 4504 |
| EXELON CORP. | COM | 30161N101 |  | 992345 | 22955 | SH |  | SOLE |  | 14800 | 0 | 8155 |
| EXPEDITORS INT'L | COM | 302130109 |  | 145488 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| EXXON MOBIL CORP. | COM | 30231G102 |  | 3182376 | 28852 | SH |  | SOLE |  | 19800 | 0 | 9052 |
| F M C CORP. | COM | 302491303 |  | 948480 | 7600 | SH |  | SOLE |  | 5700 | 0 | 1900 |
| FACTSET RESH SYS | COM | 303075105 |  | 320968 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| FANUC CORP-UNSP ADR | ADR | 307305102 |  | 22305 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| FAURECIA | COM | 004400446 |  | 28833 | 1912 | SH |  | SOLE |  | 0 | 0 | 1912 |
| FED AGRIC MTG | COM | 313148306 |  | 788970 | 7000 | SH |  | SOLE |  | 4800 | 0 | 2200 |
| FEDEX CORPORATION | COM | 31428X106 |  | 1247040 | 7200 | SH |  | SOLE |  | 4900 | 0 | 2300 |
| FIDELITY NAT'L INFO SVCS | COM | 31620M106 |  | 805176 | 11867 | SH |  | SOLE |  | 7600 | 0 | 4267 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 63126 | 1924 | SH |  | SOLE |  | 0 | 0 | 1924 |
| FINECOBANK SPA | COM | 00BNGN9Z1 |  | 1075879 | 64954 | SH |  | SOLE |  | 12500 | 0 | 52454 |
| FIRST FOUNDATION INC. | COM | 32026V104 |  | 159063 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| FIRST REPUBLIC BANK/CA | COM | 33616C100 |  | 195024 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| FISERV INC. | COM | 337738108 |  | 1596906 | 15800 | SH |  | SOLE |  | 11500 | 0 | 4300 |
| FIVE BELOW | COM | 33829M101 |  | 229931 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| FORD MOTOR CO. | COM | 345370860 |  | 825730 | 71000 | SH |  | SOLE |  | 48600 | 0 | 22400 |
| FRESENIUS MEDICAL CARE | ADR | 358029106 |  | 9804 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| FRESENIUS MEDICAL CARE AG | COM | 005129074 |  | 41337 | 1267 | SH |  | SOLE |  | 0 | 0 | 1267 |
| FUJI ELECTRIC CO LTD | COM | 006356365 |  | 800561 | 21000 | SH |  | SOLE |  | 4000 | 0 | 17000 |
| FUJITSU LTD | COM | 006356945 |  | 1068021 | 8000 | SH |  | SOLE |  | 2000 | 0 | 6000 |
| FUJITSU LTD - UNSPON ADR | ADR | 359590304 |  | 18641 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| GALP ENERGIA SGPS-UNSPON ADR | ADR | 364097105 |  | 20832 | 3100 | SH |  | SOLE |  | 0 | 0 | 3100 |
| GENERAL DYNAMICS | COM | 369550108 |  | 1080767 | 4356 | SH |  | SOLE |  | 2400 | 0 | 1956 |
| GENERAL ELECTRIC CO. | COM | 369604301 |  | 208134 | 2484 | SH |  | SOLE |  | 0 | 0 | 2484 |
| GENERAL MTRS CO | COM | 37045V100 |  | 780448 | 23200 | SH |  | SOLE |  | 15900 | 0 | 7300 |
| GILEAD SCIENCES INC. | COM | 375558103 |  | 369155 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| GLAXOSMITHKLINE PLC | ADR | 37733W105 |  | 35140 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| GLENCORE PLC -UNSP ADR | ADR | 37827X100 |  | 34632 | 2600 | SH |  | SOLE |  | 0 | 0 | 2600 |
| GLOBAL MEDICAL REIT INC | COM | 37954A204 |  | 729960 | 77000 | SH |  | SOLE |  | 52700 | 0 | 24300 |
| GLOBE LIFE INC | COM | 37959E102 |  | 1024675 | 8500 | SH |  | SOLE |  | 5800 | 0 | 2700 |
| GOLD FIELDS LTD | ADR | 38059T106 |  | 120484 | 11641 | SH |  | SOLE |  | 0 | 0 | 11641 |
| GOLDMAN SACHS GROUP | COM | 38141G104 |  | 1477221 | 4302 | SH |  | SOLE |  | 2600 | 0 | 1702 |
| GREIF BROS CORP A | COM | 397624107 |  | 878486 | 13100 | SH |  | SOLE |  | 9000 | 0 | 4100 |
| GROUPE BRUXELLES LAMBERT SA | COM | 007097328 |  | 708400 | 8900 | SH |  | SOLE |  | 2000 | 0 | 6900 |
| GROUPE BRUXELLES LAMBERT SA BX | COM | 00BHZLGZ3 |  | 980374 | 12220 | SH |  | SOLE |  | 2965 | 0 | 9255 |
| GRUPO FINANCIERO BANORTE-O | COM | 002421041 |  | 220592 | 30725 | SH |  | SOLE |  | 6000 | 0 | 24725 |
| GSK PLC | COM | 00BN7SWP6 |  | 908624 | 52543 | SH |  | SOLE |  | 8738 | 0 | 43805 |
| H  E EQUIPMENT SVCS | COM | 404030108 |  | 762720 | 16800 | SH |  | SOLE |  | 11500 | 0 | 5300 |
| HALEON PLC | COM | 00BMX86B7 |  | 258663 | 65679 | SH |  | SOLE |  | 10923 | 0 | 54756 |
| HANG SENG BANK LTD | COM | 006408374 |  | 934633 | 56200 | SH |  | SOLE |  | 10800 | 0 | 45400 |
| HARTFORD FINCL. SRV | COM | 416515104 |  | 985790 | 13000 | SH |  | SOLE |  | 8900 | 0 | 4100 |
| HCA INC. | COM | 40412C101 |  | 863856 | 3600 | SH |  | SOLE |  | 2500 | 0 | 1100 |
| HDFC BANK LTD | ADR | 40415F101 |  | 34205 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| HENKEL KGAA-SPONS ADR PFD | ADR | 42550U208 |  | 556744 | 32089 | SH |  | SOLE |  | 6198 | 0 | 25891 |
| HENRY JACK  ASSOC | COM | 426281101 |  | 175560 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| HESS CORP. | COM | 42809H107 |  | 1177106 | 8300 | SH |  | SOLE |  | 5700 | 0 | 2600 |
| HITACHI LIMITED | ADR | 433578507 |  | 139881 | 1384 | SH |  | SOLE |  | 0 | 0 | 1384 |
| HOME DEPOT INC. | COM | 437076102 |  | 3218613 | 10190 | SH |  | SOLE |  | 7290 | 0 | 2900 |
| HONDA MOTOR | ADR | 438128308 |  | 25146 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| HONDA MOTOR CO | COM | 006435145 |  | 92124 | 4009 | SH |  | SOLE |  | 0 | 0 | 4009 |
| HONEYWELL INT'L | COM | 438516106 |  | 1212295 | 5657 | SH |  | SOLE |  | 5300 | 0 | 357 |
| HONG KONG EXCHANGES  CLEAR | COM | 006267359 |  | 984129 | 22779 | SH |  | SOLE |  | 4100 | 0 | 18679 |
| HOYA CORP | COM | 006441506 |  | 866611 | 9000 | SH |  | SOLE |  | 2000 | 0 | 7000 |
| HSBC HOLDINGS PLC | COM | 000540528 |  | 950466 | 153218 | SH |  | SOLE |  | 29441 | 0 | 123777 |
| HUMANA INC. | COM | 444859102 |  | 256095 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| HUNTINGTON INGALLS INDUS | COM | 446413106 |  | 668972 | 2900 | SH |  | SOLE |  | 2000 | 0 | 900 |
| IBERDROLA SA | COM | 00B288C92 |  | 1349528 | 115690 | SH |  | SOLE |  | 22695 | 0 | 92995 |
| IMERYS SA | COM | 00B011GL4 |  | 80826 | 2084 | SH |  | SOLE |  | 0 | 0 | 2084 |
| IMPERIAL BRANDS PLC | COM | 000454492 |  | 110286 | 4427 | SH |  | SOLE |  | 0 | 0 | 4427 |
| IMPERIAL BRANDS PLC-SPON ADR | ADR | 45262P102 |  | 30000 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| INFINEON TECHNOLOGIES AG | COM | 005889505 |  | 894874 | 29493 | SH |  | SOLE |  | 5668 | 0 | 23825 |
| ING GROEP ADR | ADR | 456837103 |  | 37727 | 3100 | SH |  | SOLE |  | 0 | 0 | 3100 |
| ING GROEP NV-CVA | COM | 00BZ57390 |  | 1291491 | 106262 | SH |  | SOLE |  | 19209 | 0 | 87053 |
| INGREDION INC | COM | 457187102 |  | 959714 | 9800 | SH |  | SOLE |  | 6700 | 0 | 3100 |
| INPEX CORP. | COM | 00B10RB15 |  | 119228 | 11269 | SH |  | SOLE |  | 0 | 0 | 11269 |
| INT'L FLAV  FRA | COM | 459506101 |  | 157260 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| INTEL CORP. | COM | 458140100 |  | 83307 | 3152 | SH |  | SOLE |  | 0 | 0 | 3152 |
| INTERCONTINENTALEXCH | COM | 45866F104 |  | 382763 | 3731 | SH |  | SOLE |  | 3200 | 0 | 531 |
| INTUITIVE SURGICAL INC | COM | 46120E602 |  | 212280 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| IQVIA HOLDINGS INC. | COM | 46266C105 |  | 81546 | 398 | SH |  | SOLE |  | 0 | 0 | 398 |
| ITOCHU CORP | COM | 006467803 |  | 1291357 | 41097 | SH |  | SOLE |  | 7000 | 0 | 34097 |
| ITOCHU CORP | ADR | 465717106 |  | 31250 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| JAPAN POST BANK CO LTD | COM | 00BYT8165 |  | 90081 | 10537 | SH |  | SOLE |  | 0 | 0 | 10537 |
| JARDINE MATHESON HD ADR | ADR | 471115402 |  | 117795 | 2322 | SH |  | SOLE |  | 446 | 0 | 1876 |
| JM SMUCKER CO | COM | 832696405 |  | 253536 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5714627 | 32350 | SH |  | SOLE |  | 23350 | 0 | 9000 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 5912603 | 44091 | SH |  | SOLE |  | 30750 | 0 | 13341 |
| KAKAKU.COM INC | COM | 006689533 |  | 720300 | 45000 | SH |  | SOLE |  | 9000 | 0 | 36000 |
| KB FINANCIAL GROUP | ADR | 48241A105 |  | 15464 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| KBC GROEP NV | COM | 004497749 |  | 1007523 | 15713 | SH |  | SOLE |  | 3000 | 0 | 12713 |
| KDDI CORP-UNSPONSORED ADR | ADR | 48667L106 |  | 1049359 | 69448 | SH |  | SOLE |  | 11379 | 0 | 58069 |
| KELLOGG CO | COM | 487836108 |  | 107359 | 1507 | SH |  | SOLE |  | 0 | 0 | 1507 |
| KERING | COM | 005505072 |  | 812471 | 1601 | SH |  | SOLE |  | 300 | 0 | 1301 |
| KEYENCE CORP | COM | 006490995 |  | 1169123 | 3000 | SH |  | SOLE |  | 1000 | 0 | 2000 |
| KIRIN HOLDINGS CO LTD | COM | 006493745 |  | 1053167 | 69100 | SH |  | SOLE |  | 13000 | 0 | 56100 |
| KKR  CO. | COM | 48251W104 |  | 69816 | 1504 | SH |  | SOLE |  | 0 | 0 | 1504 |
| KNORR-BREMSE AG | COM | 00BD2P9X9 |  | 746871 | 13711 | SH |  | SOLE |  | 2600 | 0 | 11111 |
| KONINKLIJKE AHOLD DELHAIZE N | COM | 00BD0Q398 |  | 1020621 | 35630 | SH |  | SOLE |  | 6800 | 0 | 28830 |
| KONINKLIJKE DSM NV | ADR | N5017D122 |  | 21073 | 175 | SH |  | SOLE |  | 0 | 0 | 175 |
| KONINKLIJKE KPN NV | COM | 005956078 |  | 970522 | 314660 | SH |  | SOLE |  | 60400 | 0 | 254260 |
| KONINKLIJKE PHILIPS ELEC | ADR | 500472303 |  | 13491 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| KUBOTA CORP-SPONS ADR | ADR | 501173207 |  | 27268 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| KUEHNE  NAGEL INTL AG-REG | COM | 00B142S60 |  | 861312 | 3703 | SH |  | SOLE |  | 700 | 0 | 3003 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1332544 | 6400 | SH |  | SOLE |  | 4700 | 0 | 1700 |
| LABORATORY AMER H | COM | 50540R409 |  | 377003 | 1601 | SH |  | SOLE |  | 1100 | 0 | 501 |
| LANXESS AG | COM | 00B05M8B7 |  | 53352 | 1326 | SH |  | SOLE |  | 0 | 0 | 1326 |
| LAUDER ESTEE COS. | COM | 518439104 |  | 198488 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| LAWSON INC. | COM | 006266914 |  | 71631 | 1879 | SH |  | SOLE |  | 0 | 0 | 1879 |
| LEAR CORP. | COM | 521865204 |  | 50476 | 407 | SH |  | SOLE |  | 0 | 0 | 407 |
| LEGAL  GENERAL GROUP PLC | COM | 000560399 |  | 943940 | 314517 | SH |  | SOLE |  | 55800 | 0 | 258717 |
| LEGRAND SA | COM | 00B11ZRK9 |  | 887072 | 11109 | SH |  | SOLE |  | 2100 | 0 | 9009 |
| LIBERTY BROADBAND | COM | 530307305 |  | 823716 | 10800 | SH |  | SOLE |  | 7400 | 0 | 3400 |
| LINDE PLC | ADR | G5494J103 |  | 162111 | 497 | SH |  | SOLE |  | 0 | 0 | 497 |
| LIVE NATION INC | COM | 538034109 |  | 69252 | 993 | SH |  | SOLE |  | 0 | 0 | 993 |
| LOCKHEED MARTIN | COM | 539830109 |  | 3551377 | 7300 | SH |  | SOLE |  | 5000 | 0 | 2300 |
| LONDON STOCK EXCHG ADR | ADR | 54211N101 |  | 17141 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| LONZA GROUP AG-REG | COM | 007333378 |  | 1029417 | 2102 | SH |  | SOLE |  | 400 | 0 | 1702 |
| LOWES COS INC. | COM | 548661107 |  | 512645 | 2573 | SH |  | SOLE |  | 1800 | 0 | 773 |
| LVMH MOET HENNESSY LOU | ADR | 502441306 |  | 57948 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| LVMH MOET HENNESSY LOUIS VUI | COM | 004061412 |  | 1089160 | 1501 | SH |  | SOLE |  | 300 | 0 | 1201 |
| M PLC | COM | 00BKFB1C6 |  | 73781 | 32643 | SH |  | SOLE |  | 0 | 0 | 32643 |
| MACQUARIE GROUP LTD | COM | 00B28YTC2 |  | 850425 | 7511 | SH |  | SOLE |  | 1300 | 0 | 6211 |
| MACQUARIE GROUP LTD-ADR | ADR | 55607P204 |  | 33972 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| MARATHON PETROLEUM CORP | COM | 56585A102 |  | 1699294 | 14600 | SH |  | SOLE |  | 10000 | 0 | 4600 |
| MARKEL CORP. | COM | 570535104 |  | 1580988 | 1200 | SH |  | SOLE |  | 900 | 0 | 300 |
| MARKETAXESS HOLDINGS | COM | 57060D108 |  | 139445 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| MARRIOTT INTL NEW-A | COM | 571903202 |  | 893340 | 6000 | SH |  | SOLE |  | 4100 | 0 | 1900 |
| MASCO CORP. | COM | 574599106 |  | 1031407 | 22100 | SH |  | SOLE |  | 15100 | 0 | 7000 |
| MASTERCARD INC. | COM | 57636Q104 |  | 590793 | 1699 | SH |  | SOLE |  | 1485 | 0 | 214 |
| MCDONALDS CORP. | COM | 580135101 |  | 143097 | 543 | SH |  | SOLE |  | 0 | 0 | 543 |
| MCKESSON CORP | COM | 58155Q103 |  | 1012824 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| MEDTRONIC INC. | ADR | G5960L103 |  | 1453364 | 18700 | SH |  | SOLE |  | 13500 | 0 | 5200 |
| MERCK  CO. INC. | COM | 58933Y105 |  | 3249504 | 29288 | SH |  | SOLE |  | 19000 | 0 | 10288 |
| MERCK KGAA | COM | 004741844 |  | 1004713 | 5204 | SH |  | SOLE |  | 1000 | 0 | 4204 |
| META PLATFORMS INC CL A | COM | 30303M102 |  | 66307 | 551 | SH |  | SOLE |  | 0 | 0 | 551 |
| METLIFE INC | COM | 59156R108 |  | 1179631 | 16300 | SH |  | SOLE |  | 12300 | 0 | 4000 |
| METSO OUTOTEC OYJ | COM | 00B1FN8X9 |  | 1213548 | 118298 | SH |  | SOLE |  | 22700 | 0 | 95598 |
| MICHELIN (CGDE) | COM | 00BPBPJ01 |  | 868748 | 31326 | SH |  | SOLE |  | 6000 | 0 | 25326 |
| MICROCHIP TECH | COM | 595017104 |  | 337200 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| MICROSOFT CORP. | COM | 594918104 |  | 7074690 | 29500 | SH |  | SOLE |  | 22600 | 0 | 6900 |
| MID-AMER APART CMNTY | COM | 59522J103 |  | 62482 | 398 | SH |  | SOLE |  | 0 | 0 | 398 |
| MILLERKNOLL INC | COM | 600544100 |  | 768966 | 36600 | SH |  | SOLE |  | 25000 | 0 | 11600 |
| MITSUBISHI CORP | COM | 006596785 |  | 1204869 | 37118 | SH |  | SOLE |  | 7000 | 0 | 30118 |
| MITSUBISHI ELECTRIC CORP | COM | 006597045 |  | 886982 | 89100 | SH |  | SOLE |  | 17000 | 0 | 72100 |
| MITSUBISHI UFJ FINCL GP | COM | 006335171 |  | 104730 | 15544 | SH |  | SOLE |  | 0 | 0 | 15544 |
| MITSUBISHI UFJ FINL-SPON ADR | ADR | 606822104 |  | 39353 | 5900 | SH |  | SOLE |  | 0 | 0 | 5900 |
| MIZUHO FINANCIAL GROUP | COM | 006591014 |  | 90011 | 6399 | SH |  | SOLE |  | 0 | 0 | 6399 |
| MONDELEZ INTERNATIONAL CL A | COM | 609207105 |  | 1580671 | 23716 | SH |  | SOLE |  | 14200 | 0 | 9516 |
| MOODYS CORP | COM | 615369105 |  | 306482 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 1326312 | 15600 | SH |  | SOLE |  | 10700 | 0 | 4900 |
| MOSAIC CO. | COM | 61945C103 |  | 245672 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| MUENCHENER RUECK-UNSPON ADR | ADR | 626188106 |  | 105154 | 3246 | SH |  | SOLE |  | 0 | 0 | 3246 |
| MURATA MANUFACTUR-UNSPON ADR | ADR | 626425102 |  | 19680 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| NATIONAL GRID PLC | COM | 00BDR05C0 |  | 912223 | 76033 | SH |  | SOLE |  | 12600 | 0 | 63433 |
| NATIONAL GRID PLC | ADR | 636274409 |  | 82397 | 1366 | SH |  | SOLE |  | 0 | 0 | 1366 |
| NESTLE S A | ADR | 641069406 |  | 2637480 | 22867 | SH |  | SOLE |  | 3900 | 0 | 18967 |
| NETFLIX COM INC | COM | 64110L106 |  | 825664 | 2800 | SH |  | SOLE |  | 1900 | 0 | 900 |
| NEWMONT CORP | COM | 651639106 |  | 660800 | 14000 | SH |  | SOLE |  | 9600 | 0 | 4400 |
| NEXT PLC | COM | 003208986 |  | 901709 | 12911 | SH |  | SOLE |  | 2500 | 0 | 10411 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1780680 | 21300 | SH |  | SOLE |  | 16400 | 0 | 4900 |
| NIKE INC B | COM | 654106103 |  | 1067014 | 9119 | SH |  | SOLE |  | 6500 | 0 | 2619 |
| NINTENDO CO LTD-UNSPONS ADR | ADR | 654445303 |  | 20840 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| NIPPON TELEGRAPH  TELE-ADR | ADR | 654624105 |  | 16950 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| NIPPON TELEGRAPH  TELEPHONE | COM | 006641373 |  | 1166963 | 40929 | SH |  | SOLE |  | 7000 | 0 | 33929 |
| NISSAN MOTOR CO LTD | COM | 006642860 |  | 57858 | 18259 | SH |  | SOLE |  | 0 | 0 | 18259 |
| NN GROUP NV | COM | 00BNG8PQ9 |  | 827435 | 20317 | SH |  | SOLE |  | 3900 | 0 | 16417 |
| NORDEA BANK ABP | COM | 00BYZF9J9 |  | 1028738 | 95979 | SH |  | SOLE |  | 18400 | 0 | 77579 |
| NORDSTROM INC. | COM | 655664100 |  | 142952 | 8857 | SH |  | SOLE |  | 0 | 0 | 8857 |
| NORSK HYDRO ASA | COM | 00B11HK39 |  | 869986 | 116888 | SH |  | SOLE |  | 20200 | 0 | 96688 |
| NORTHROP GRUMMAN | COM | 666807102 |  | 272805 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| NOV INC. | COM | 62955J103 |  | 203406 | 9737 | SH |  | SOLE |  | 0 | 0 | 9737 |
| NOVARTIS A G | ADR | 66987V109 |  | 382203 | 4213 | SH |  | SOLE |  | 0 | 0 | 4213 |
| NOVARTIS AG-REG | COM | 007103065 |  | 1501042 | 16614 | SH |  | SOLE |  | 3200 | 0 | 13414 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 94738 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| NVIDIA CORP | COM | 67066G104 |  | 379526 | 2597 | SH |  | SOLE |  | 2200 | 0 | 397 |
| NXP SEMICONDUCTORS NV | ADR | N6596X109 |  | 15803 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| O'REILLY AUTO | COM | 67103H107 |  | 422015 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| OCCIDENTAL PETRO. | COM | 674599105 |  | 163774 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| OMV AG | COM | 004651459 |  | 1058368 | 20617 | SH |  | SOLE |  | 4000 | 0 | 16617 |
| ORACLE CORP JAPAN | COM | 006141680 |  | 1033158 | 16000 | SH |  | SOLE |  | 3000 | 0 | 13000 |
| ORACLE SYSTEMS | COM | 68389X105 |  | 1830976 | 22400 | SH |  | SOLE |  | 16100 | 0 | 6300 |
| ORANGE S.A. | ADR | 684060106 |  | 88248 | 8932 | SH |  | SOLE |  | 0 | 0 | 8932 |
| ORIX - SPON ADR | ADR | 686330101 |  | 24156 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| ORRON ENERGY AB | COM | 007187627 |  | 50268 | 23320 | SH |  | SOLE |  | 4500 | 0 | 18820 |
| OSHKOSH TRUCK CORP | COM | 688239201 |  | 864262 | 9800 | SH |  | SOLE |  | 6700 | 0 | 3100 |
| OTSUKA HOLDINGS CO LTD | COM | 00B5LTM93 |  | 1174580 | 36000 | SH |  | SOLE |  | 7000 | 0 | 29000 |
| OVERSEA-CHINESE BANKING CORP | COM | 00B0F9V20 |  | 1073424 | 118200 | SH |  | SOLE |  | 22700 | 0 | 95500 |
| PARAMOUNT GLOBAL-CLASS B | COM | 92556H206 |  | 42200 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| PARKER HANNIFIN | COM | 701094104 |  | 931200 | 3200 | SH |  | SOLE |  | 2200 | 0 | 1000 |
| PAYCHEX INC. | COM | 704326107 |  | 1126363 | 9747 | SH |  | SOLE |  | 6300 | 0 | 3447 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 |  | 201837 | 2834 | SH |  | SOLE |  | 2550 | 0 | 284 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 103038 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| PENN ENTERTAINMENT INC. | COM | 707569109 |  | 27769 | 935 | SH |  | SOLE |  | 0 | 0 | 935 |
| PEPSICO INC. | COM | 713448108 |  | 3434527 | 19011 | SH |  | SOLE |  | 13470 | 0 | 5541 |
| PERKINELMER INC. | COM | 714046109 |  | 336528 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| PERNOD RICARD SA | COM | 004682329 |  | 922488 | 4704 | SH |  | SOLE |  | 900 | 0 | 3804 |
| PFIZER INC. | COM | 717081103 |  | 2284433 | 44583 | SH |  | SOLE |  | 29400 | 0 | 15183 |
| PG CORP | COM | 69331C108 |  | 988608 | 60800 | SH |  | SOLE |  | 41600 | 0 | 19200 |
| PHILIP MORRIS INT'L | COM | 718172109 |  | 1133552 | 11200 | SH |  | SOLE |  | 7600 | 0 | 3600 |
| PHILLIPS 66 | COM | 718546104 |  | 832640 | 8000 | SH |  | SOLE |  | 5500 | 0 | 2500 |
| PILGRIMS PRIDE | COM | 72147K108 |  | 132888 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 178373 | 781 | SH |  | SOLE |  | 0 | 0 | 781 |
| PLAINS ALL AMER PIPELINE LP | COM | 726503105 |  | 175365 | 14912 | SH |  | SOLE |  | 0 | 0 | 14912 |
| PNC FINCL SVCS | COM | 693475105 |  | 2542834 | 16100 | SH |  | SOLE |  | 11500 | 0 | 4600 |
| POSCO-ADR | ADR | 693483109 |  | 21788 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| PROCTOR  GAMBLE | COM | 742718109 |  | 1878283 | 12393 | SH |  | SOLE |  | 7800 | 0 | 4593 |
| PROGRESSIVE CORP. | COM | 743315103 |  | 505869 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| PROLOGIS TR | COM | 74340W103 |  | 901389 | 7996 | SH |  | SOLE |  | 4650 | 0 | 3346 |
| PRUDENTIAL PLC | COM | 000709954 |  | 856512 | 63152 | SH |  | SOLE |  | 12100 | 0 | 51052 |
| PRUDENTIAL PLC-ADR | ADR | 74435K204 |  | 52212 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| PUBLICIS GROUPE-ADR | ADR | 74463M106 |  | 14283 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| QUALCOMM INC. | COM | 747525103 |  | 153916 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 145899 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 185250 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 |  | 185148 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 516004 | 5113 | SH |  | SOLE |  | 3400 | 0 | 1713 |
| RECKITT BENCKISER-SPON ADR | ADR | 756255204 |  | 121681 | 8636 | SH |  | SOLE |  | 0 | 0 | 8636 |
| RECRUIT HOLDINGS CO LTD | COM | 00BQRRZ00 |  | 696457 | 22000 | SH |  | SOLE |  | 4000 | 0 | 18000 |
| RED ELECTRICA CORPORACION SA | COM | 00BD6FXN3 |  | 89110 | 5135 | SH |  | SOLE |  | 100 | 0 | 5035 |
| REGENERON PHARM. | COM | 75886F107 |  | 216447 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| RENAULT SA | COM | 004712798 |  | 82978 | 2486 | SH |  | SOLE |  | 0 | 0 | 2486 |
| REPUBLIC SVCS | COM | 760759100 |  | 1652620 | 12812 | SH |  | SOLE |  | 9100 | 0 | 3712 |
| RIO TINTO PLC SPON ADR | ADR | 767204100 |  | 905023 | 12711 | SH |  | SOLE |  | 2400 | 0 | 10311 |
| ROCHE HOLDING AG-GENUSSCHEIN | COM | 007110388 |  | 3424961 | 10908 | SH |  | SOLE |  | 2086 | 0 | 8822 |
| ROCHE HOLDINGS | ADR | 771195104 |  | 229302 | 5857 | SH |  | SOLE |  | 0 | 0 | 5857 |
| ROPER INDS INC. | COM | 776696106 |  | 345672 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 464280 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ROYAL UNIBREW | COM | 00BX8ZX20 |  | 768343 | 10809 | SH |  | SOLE |  | 2100 | 0 | 8709 |
| RWE AKTIENGESELLSCHAF-SP ADR | ADR | 74975E303 |  | 22160 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| RYANAIR HLDGS PLC | COM | 783513104 |  | 29904 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| SALESFORCE COM INC | COM | 79466L302 |  | 59665 | 450 | SH |  | SOLE |  | 0 | 0 | 450 |
| SAMPO OYJ-A SHS | COM | 005226038 |  | 1069000 | 20517 | SH |  | SOLE |  | 3900 | 0 | 16617 |
| SANOFI AVENTIS | ADR | 80105N105 |  | 1394493 | 28794 | SH |  | SOLE |  | 4100 | 0 | 24694 |
| SAP AG | COM | 004846288 |  | 68101 | 662 | SH |  | SOLE |  | 0 | 0 | 662 |
| SAP AG - SPONSORED ADR | ADR | 803054204 |  | 51595 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| SCHEIN HENRY | COM | 806407102 |  | 191688 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| SCHINDLER HDG-PART CERT | COM | 00B11TCY0 |  | 68981 | 367 | SH |  | SOLE |  | 0 | 0 | 367 |
| SCHNEIDER ELECTRIC SA | ADR | 80687P106 |  | 119920 | 4289 | SH |  | SOLE |  | 0 | 0 | 4289 |
| SEI INVESTMENTS CO. | COM | 784117103 |  | 163240 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| SERVICE CORP INT'L | COM | 817565104 |  | 255818 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| SEVEN  I HLDGS-UNSPN ADR | ADR | 81783H105 |  | 986630 | 46115 | SH |  | SOLE |  | 8806 | 0 | 37309 |
| SHELL PLC | COM | 00BP6MXD8 |  | 3160952 | 112974 | SH |  | SOLE |  | 12500 | 0 | 100474 |
| SHELL PLC-ADR | ADR | 780259305 |  | 66518 | 1168 | SH |  | SOLE |  | 0 | 0 | 1168 |
| SHIN-ETSU CHEM-UNSPON ADR | ADR | 824551105 |  | 15256 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| SHIONOGI  CO LTD | COM | 006804682 |  | 848551 | 17000 | SH |  | SOLE |  | 3000 | 0 | 14000 |
| SIEMENS AG-SP ADR | ADR | 826197501 |  | 110270 | 1603 | SH |  | SOLE |  | 0 | 0 | 1603 |
| SIKA AG-REG | COM | 00BF2DSG3 |  | 767515 | 3203 | SH |  | SOLE |  | 600 | 0 | 2603 |
| SIMON PPTY GP | COM | 828806109 |  | 1121347 | 9545 | SH |  | SOLE |  | 6010 | 0 | 3535 |
| SK TELECOM LTD | ADR | 78440P108 |  | 22649 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| SMITH  NEPHEW PLC | COM | 000922320 |  | 850859 | 63753 | SH |  | SOLE |  | 12200 | 0 | 51553 |
| SMITHS GROUP PLC- SPON ADR | ADR | 83238P203 |  | 17334 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| SNAM SPA | COM | 007251470 |  | 969858 | 200739 | SH |  | SOLE |  | 33700 | 0 | 167039 |
| SNAP-ON INC. | COM | 833034101 |  | 936809 | 4100 | SH |  | SOLE |  | 2800 | 0 | 1300 |
| SOCIETE GENERALE | COM | 005966516 |  | 71443 | 2851 | SH |  | SOLE |  | 0 | 0 | 2851 |
| SOFTBANK CORP. | COM | 00BF5M0K5 |  | 76292 | 6765 | SH |  | SOLE |  | 0 | 0 | 6765 |
| SOLVAY SA | COM | 004821100 |  | 1089681 | 10809 | SH |  | SOLE |  | 2100 | 0 | 8709 |
| SONY GROUP CORP - SP ADR | ADR | 835699307 |  | 22884 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| SPAREBANK 1 SMN | COM | 00B0LGG75 |  | 843910 | 65254 | SH |  | SOLE |  | 12500 | 0 | 52754 |
| SSE PLC | COM | 000790873 |  | 86164 | 4184 | SH |  | SOLE |  | 0 | 0 | 4184 |
| SSE PLC-SPN ADR | ADR | 78467K107 |  | 24684 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| STANDARD CHARTERED PLC | COM | 000408284 |  | 115320 | 15403 | SH |  | SOLE |  | 0 | 0 | 15403 |
| STELLANTIS NV | ADR | N82405106 |  | 82857 | 5835 | SH |  | SOLE |  | 0 | 0 | 5835 |
| STRYKER CORP. | COM | 863667101 |  | 440082 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| SUMITOMO MITSUI FINCL GP | COM | 006563024 |  | 1463269 | 36456 | SH |  | SOLE |  | 6000 | 0 | 30456 |
| SUMITOMO MITSUI-SPONS ADR | ADR | 86562M209 |  | 50526 | 6300 | SH |  | SOLE |  | 0 | 0 | 6300 |
| SUNTORY BEVERAGE  FOOD-UADR | ADR | 86803T104 |  | 991292 | 58380 | SH |  | SOLE |  | 11208 | 0 | 47172 |
| SVENSKA HANDELSBANKEN-A SHS | COM | 00BXDZ9Q1 |  | 1107446 | 109791 | SH |  | SOLE |  | 21100 | 0 | 88691 |
| SWIRE PACIFIC LTD - CL A | COM | 006867748 |  | 134364 | 15265 | SH |  | SOLE |  | 0 | 0 | 15265 |
| SYMRISE AG | COM | 00B1JB4K8 |  | 74638 | 688 | SH |  | SOLE |  | 0 | 0 | 688 |
| SYMRISE AG-UNSPON ADR | ADR | 87155N109 |  | 32460 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| T ROWE PRICE GP | COM | 74144T108 |  | 1046976 | 9600 | SH |  | SOLE |  | 7200 | 0 | 2400 |
| T-MOBILE US INC | COM | 872590104 |  | 182000 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| TAKEDA PHARMACEUTIC-SP ADR | ADR | 874060205 |  | 39000 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| TAKEDA PHARMACEUTICAL CO LTD | COM | 006870445 |  | 85900 | 2757 | SH |  | SOLE |  | 0 | 0 | 2757 |
| TARGET CORP. | COM | 87612E106 |  | 1337634 | 8975 | SH |  | SOLE |  | 5800 | 0 | 3175 |
| TECHTRONIC INDUSTRIES-SP ADR | ADR | 87873R101 |  | 22216 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| TELENOR ASA-ADR | ADR | 87944W105 |  | 64347 | 6928 | SH |  | SOLE |  | 0 | 0 | 6928 |
| TELIA CO AB | COM | 005978384 |  | 57667 | 22538 | SH |  | SOLE |  | 0 | 0 | 22538 |
| TERUMO CORP | COM | 006885074 |  | 908500 | 32000 | SH |  | SOLE |  | 6000 | 0 | 26000 |
| TESCO PLC | COM | 00BLGZ986 |  | 175247 | 64981 | SH |  | SOLE |  | 0 | 0 | 64981 |
| TESLA MOTORS | COM | 88160R101 |  | 223695 | 1816 | SH |  | SOLE |  | 1450 | 0 | 366 |
| TEXAS INSTRS INC. | COM | 882508104 |  | 1734810 | 10500 | SH |  | SOLE |  | 7200 | 0 | 3300 |
| TIM SA-ADR | ADR | 88706T108 |  | 20970 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| TJX COMPANIES INC. | COM | 872540109 |  | 609736 | 7660 | SH |  | SOLE |  | 6600 | 0 | 1060 |
| TOKIO MARINE HOLDINGS | ADR | 889094108 |  | 137966 | 6438 | SH |  | SOLE |  | 0 | 0 | 6438 |
| TOKIO MARINE HOLDINGS INC | COM | 006513126 |  | 1114328 | 52000 | SH |  | SOLE |  | 9000 | 0 | 43000 |
| TOTALENERGIES SE -SPON ADR | ADR | 89151E109 |  | 124160 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| TOYOTA MOTOR CORP | ADR | 892331307 |  | 97382 | 713 | SH |  | SOLE |  | 0 | 0 | 713 |
| TRAVELERS COMPANIES | COM | 89417E109 |  | 824956 | 4400 | SH |  | SOLE |  | 3000 | 0 | 1400 |
| TREND MICRO INC-SPON ADR | ADR | 89486M206 |  | 717476 | 15513 | SH |  | SOLE |  | 2971 | 0 | 12542 |
| TRIMBLE NAVIGATION LTD | COM | 896239100 |  | 95710 | 1893 | SH |  | SOLE |  | 0 | 0 | 1893 |
| TRUIST FINANCIAL CORP. | COM | 89832Q109 |  | 1210563 | 28133 | SH |  | SOLE |  | 18500 | 0 | 9633 |
| TYSON FOOD CL A | COM | 902494103 |  | 161850 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| UBS AG-REG | COM | 00BRJL176 |  | 992467 | 53370 | SH |  | SOLE |  | 10276 | 0 | 43094 |
| UNICREDIT SPA-ADR | ADR | 904678406 |  | 25380 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| UNILEVER PLC | ADR | 904767704 |  | 70490 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| UNION PACIFIC CORP. | COM | 907818108 |  | 1449490 | 7000 | SH |  | SOLE |  | 5600 | 0 | 1400 |
| UNITED HEALTHCARE | COM | 91324P102 |  | 3417010 | 6445 | SH |  | SOLE |  | 5245 | 0 | 1200 |
| UNITED OVERSEAS BANK LTD | COM | 006916781 |  | 1043782 | 45600 | SH |  | SOLE |  | 8750 | 0 | 36850 |
| UNITED OVERSEAS BANK-SP ADR | ADR | 911271302 |  | 107676 | 2351 | SH |  | SOLE |  | 0 | 0 | 2351 |
| UNITED PARCEL SERVICE | COM | 911312106 |  | 169320 | 974 | SH |  | SOLE |  | 0 | 0 | 974 |
| UNITED RENTALS | COM | 911363109 |  | 287179 | 808 | SH |  | SOLE |  | 500 | 0 | 308 |
| US BANCORP | COM | 902973304 |  | 2032226 | 46600 | SH |  | SOLE |  | 33900 | 0 | 12700 |
| VALEO SA | COM | 00BDC5ST8 |  | 57176 | 3208 | SH |  | SOLE |  | 0 | 0 | 3208 |
| VALEO SA-SPON ADR | ADR | 919134304 |  | 14994 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| VALERO ENERGY NEW | COM | 91913Y100 |  | 723102 | 5700 | SH |  | SOLE |  | 3900 | 0 | 1800 |
| VALVOLINE INC | COM | 92047W101 |  | 1097040 | 33600 | SH |  | SOLE |  | 23000 | 0 | 10600 |
| VEOLIA ENVIRONNEMENT | COM | 004031879 |  | 838269 | 32727 | SH |  | SOLE |  | 6300 | 0 | 26427 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 176420 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| VERIZON COMM. | COM | 92343V104 |  | 2094031 | 53148 | SH |  | SOLE |  | 33300 | 0 | 19848 |
| VINCI S.A.- ADR | ADR | 927320101 |  | 120287 | 4825 | SH |  | SOLE |  | 0 | 0 | 4825 |
| VIPSHOP HOLDINGS LTD - ADR | ADR | 92763W103 |  | 16368 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| VISA INC | COM | 92826C839 |  | 1867762 | 8990 | SH |  | SOLE |  | 7690 | 0 | 1300 |
| VISTRY GROUP PLC | COM | 000185929 |  | 41270 | 5485 | SH |  | SOLE |  | 0 | 0 | 5485 |
| VODAFONE GP PLC | ADR | 92857W209 |  | 84138 | 8314 | SH |  | SOLE |  | 0 | 0 | 8314 |
| VOLKSWAGEN A G-UNSPON ADR | ADR | 928662600 |  | 9387 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| VONOVIA SE | COM | 00BBJPFY1 |  | 35627 | 1516 | SH |  | SOLE |  | 0 | 0 | 1516 |
| VOYA FINANCIAL INC. | COM | 929089100 |  | 944732 | 15364 | SH |  | SOLE |  | 8720 | 0 | 6644 |
| WALMART STORES INC. | COM | 931142103 |  | 1525944 | 10762 | SH |  | SOLE |  | 7000 | 0 | 3762 |
| WARNER BROS DISCOVERY | COM | 934423104 |  | 9006 | 950 | SH |  | SOLE |  | 0 | 0 | 950 |
| WATSCO INC. | COM | 942622200 |  | 773140 | 3100 | SH |  | SOLE |  | 2100 | 0 | 1000 |
| WELLS FARGO  CO | COM | 949746101 |  | 1901487 | 46052 | SH |  | SOLE |  | 31600 | 0 | 14452 |
| WELLTOWER INC. | COM | 95040Q104 |  | 71318 | 1088 | SH |  | SOLE |  | 0 | 0 | 1088 |
| WEX INC. | COM | 96208T104 |  | 78552 | 480 | SH |  | SOLE |  | 0 | 0 | 480 |
| WEYERHAEUSER CO. | COM | 962166104 |  | 753300 | 24300 | SH |  | SOLE |  | 16600 | 0 | 7700 |
| WILLIAMS COS. | COM | 969457100 |  | 1128470 | 34300 | SH |  | SOLE |  | 25800 | 0 | 8500 |
| WOODSIDE ENERGY GROUP | COM | 00BMGT167 |  | 1202307 | 50026 | SH |  | SOLE |  | 9592 | 0 | 40434 |
| WPP PLC | ADR | 92937A102 |  | 66022 | 1343 | SH |  | SOLE |  | 0 | 0 | 1343 |
| WYNN RESORTS LTD | COM | 983134107 |  | 79419 | 963 | SH |  | SOLE |  | 0 | 0 | 963 |
| XYLEM INC | COM | 98419M100 |  | 79721 | 721 | SH |  | SOLE |  | 0 | 0 | 721 |
| YPF S.A. | ADR | 984245100 |  | 169445 | 18438 | SH |  | SOLE |  | 0 | 0 | 18438 |
| ZURICH FINANCIAL SVCS-ADR | ADR | 989825104 |  | 195925 | 4095 | SH |  | SOLE |  | 0 | 0 | 4095 |

---