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

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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 666,202 4,029,526 SH   SOLE   4,029,526 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 748,866 3,512,997 SH   SOLE   3,512,997 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 1,306,513 1,782,710 SH   SOLE   1,782,710 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 1,071,841 10,966,251 SH   SOLE   10,966,251 0 0
HOWARD HUGHES CORP COM 44267D107 147,963 1,194,793 SH   SOLE   1,194,793 0 0
LOWES COS INC COM 548661107 898,153 8,900,535 SH   SOLE   8,900,535 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,087,680 15,641,065 SH   SOLE   15,641,065 0 0
STARBUCKS CORP COM 855244109 780,783 9,313,890 SH   SOLE   9,313,890 0 0