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
ADOBE INC COM 00724F101 1,092 3,430 SH   SOLE   3,430 0 0
ALPHABET INC CAP STK CL C 02079K107 3,603,403 3,098,875 SH   SOLE   3,098,875 0 0
ALPHABET INC CAP STK CL A 02079K305 718,110 618,021 SH   SOLE   618,021 0 0
AMAZON COM INC COM 023135106 11,113 5,700 SH   SOLE   5,700 0 0
ANTHEM INC COM 036752103 195,567 861,377 SH   SOLE   861,377 0 0
AUTODESK INC COM 052769106 781 5,000 SH   SOLE   5,000 0 0
CANADIAN NATL RY CO COM 136375102 1,630,758 20,911,901 SH   SOLE   20,911,901 0 0
CANADIAN PAC RY LTD COM 13645T100 2,475,471 11,229,125 SH   SOLE   11,229,125 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 4,557,158 10,444,772 SH   SOLE   10,444,772 0 0
MASTERCARD INC CL A 57636Q104 23,540 97,450 SH   SOLE   97,450 0 0
MICROSOFT CORP COM 594918104 2,207,422 13,996,718 SH   SOLE   13,996,718 0 0
MOODYS CORP COM 615369105 1,440,885 6,812,696 SH   SOLE   6,812,696 0 0
S&P GLOBAL INC COM 78409V104 594,233 2,424,946 SH   SOLE   2,424,946 0 0
UNION PAC CORP COM 907818108 846,895 6,004,644 SH   SOLE   6,004,644 0 0
UNIVAR SOLUTIONS INC COM 91336L107 169,837 15,843,001 SH   SOLE   15,843,001 0 0
VISA INC COM CL A 92826C839 1,186,125 7,361,749 SH   SOLE   7,361,749 0 0
LINDE PLC SHS G5494J103 28,913 167,130 SH   SOLE   167,130 0 0
RAYTHEON CO COM NEW 755111507 1,367,642 10,428,073 SH   SOLE   10,428,073 0 0