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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AUTOMATIC DATA PROCESSING INCOM053015103666,2024,029,526SH SOLE 4,029,52600
BERKSHIRE HATHAWAY INC DELCL B NEW084670702748,8663,512,997SH SOLE 3,512,99700
CHIPOTLE MEXICAN GRILL INCCOM1696561051,306,5131,782,710SH SOLE 1,782,71000
HILTON WORLDWIDE HLDGS INCCOM43300A2031,071,84110,966,251SH SOLE 10,966,25100
HOWARD HUGHES CORPCOM44267D107147,9631,194,793SH SOLE 1,194,79300
LOWES COS INCCOM548661107898,1538,900,535SH SOLE 8,900,53500
RESTAURANT BRANDS INTL INCCOM76131D1031,087,68015,641,065SH SOLE 15,641,06500
STARBUCKS CORPCOM855244109780,7839,313,890SH SOLE 9,313,89000