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
ALCOA CORP COM 013872106 317,854 3,530,533 SH   SOLE   3,530,533 0 0
ALPHABET INC CAP STK CL C 02079K107 2,038,386 729,822 SH   SOLE   729,822 0 0
AMAZON COM INC COM 023135106 1,205,921 369,920 SH   SOLE   369,920 0 0
ANALOG DEVICES INC COM 032654105 615,903 3,728,676 SH   SOLE   3,728,676 0 0
APPLIED MATLS INC COM 038222105 263,732 2,000,999 SH   SOLE   2,000,999 0 0
BATH & BODY WORKS INC COM 070830104 651,311 13,625,757 SH   SOLE   13,625,757 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 84,973 2,672,963 SH   SOLE   2,672,963 0 0
BLACKSTONE SECD LENDING FD COMMON STOCK 09261X102 34,709 1,244,940 SH   SOLE   1,244,940 0 0
CANADIAN NATL RY CO COM 136375102 1,259,358 9,388,387 SH   SOLE   9,388,387 0 0
CANADIAN PAC RY LTD COM 13645T100 2,215,998 26,847,568 SH   SOLE   26,847,568 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 668,368 1,225,195 SH   SOLE   1,225,195 0 0
CSX CORP COM 126408103 1,135,042 30,308,196 SH   SOLE   30,308,196 0 0
D R HORTON INC COM 23331A109 582,586 7,818,902 SH   SOLE   7,818,902 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 557,166 837,088 SH   SOLE   837,088 0 0
KKR & CO INC COM 48251W104 380,692 6,510,892 SH   SOLE   6,510,892 0 0
LINDE PLC SHS G5494J103 780,597 2,443,717 SH   SOLE   2,443,717 0 0
LOWES COS INC COM 548661107 730,100 3,610,961 SH   SOLE   3,610,961 0 0
LPL FINL HLDGS INC COM 50212V100 146,046 799,461 SH   SOLE   799,461 0 0
MASTERCARD INCORPORATED CL A 57636Q104 305,212 854,026 SH   SOLE   854,026 0 0
MICROSOFT CORP COM 594918104 1,485,019 4,816,642 SH   SOLE   4,816,642 0 0
NVR INC COM 62944T105 50,663 11,341 SH   SOLE   11,341 0 0
PVH CORPORATION COM 693656100 138,613 1,809,333 SH   SOLE   1,809,333 0 0
SCHWAB CHARLES CORP COM 808513105 1,000,341 11,865,031 SH   SOLE   11,865,031 0 0
SNAP INC CL A 83304A106 239,698 6,660,121 SH   SOLE   6,660,121 0 0
TECK RESOURCES LTD CL B 878742204 111,170 2,752,408 SH   SOLE   2,752,408 0 0
TRACTOR SUPPLY CO COM 892356106 20,581 88,190 SH   SOLE   88,190 0 0
UNITEDHEALTH GROUP INC COM 91324P102 833,968 1,635,327 SH   SOLE   1,635,327 0 0
VISA INC COM CL A 92826C839 1,082,919 4,883,072 SH   SOLE   4,883,072 0 0
VULCAN MATLS CO COM 929160109 41,077 223,611 SH   SOLE   223,611 0 0