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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AUTOMATIC DATA PROCESSING IN COM 053015103 220,631 1,481,837 SH   SOLE   1,481,837 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 39,054 218,778 SH   SOLE   218,778 0 0
BOOKING HOLDINGS INC COM 09857L108 34,278 21,527 SH   SOLE   21,527 0 0
CANADIAN NAT RES LTD COM 136385101 298,652 17,134,359 SH   SOLE   17,134,359 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 834,644 50,830,926 SH   SOLE   50,830,926 0 0
CISCO SYS INC COM 17275R102 270,754 5,805,199 SH   SOLE   5,805,199 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 557,014 12,565,167 SH   SOLE   12,565,167 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 1,596,339 45,858,624 SH   SOLE   45,858,624 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1,861,428 32,986,504 SH   SOLE   32,986,504 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y860 1,195,874 21,222,246 SH   SOLE   21,222,246 0 0
SUNCOR ENERGY INC NEW COM 867224107 859,444 50,975,315 SH   SOLE   50,975,315 0 0
UBER TECHNOLOGIES INC COM 90353T100 2,263,884 72,840,541 SH   SOLE   72,840,541 0 0
UNION PAC CORP COM 907818108 91,843 543,224 SH   SOLE   543,224 0 0