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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101   13,715 93,390 SH   SOLE   93,390 0 0
AFLAC INC COM 001055102   2,215 19,920 SH   SOLE   19,920 0 0
ALIBABA GROUP HOLDING-SP ADR COM 01609W102   10,594 80,117 SH   SOLE   80,117 0 0
ALPHABET INC-CL A COM 02079K305   14,024 90,690 SH   SOLE   90,690 0 0
AMAZON.COM INC COM 023135106   15,559 81,780 SH   SOLE   81,780 0 0
AMERICAN EXPRESS CO COM 025816109   2,806 10,430 SH   SOLE   10,430 0 0
APPLIED MATERIALS INC COM 038222105   7,362 50,730 SH   SOLE   50,730 0 0
AUTOZONE INC COM 053332102   11,095 2,910 SH   SOLE   2,910 0 0
BANK OF AMERICA CORP COM 060505104   859 20,580 SH   SOLE   20,580 0 0
BANK OZK COM 06417N103   8,066 185,650 SH   SOLE   185,650 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702   5,987 11,241 SH   SOLE   11,241 0 0
BROOKFIELD ASSET MGMT-A COM 113004105   19,729 407,616 SH   SOLE   407,616 0 0
BROOKFIELD CORP COM 11271J107   19,591 374,397 SH   SOLE   374,397 0 0
BRP INC/CA- SUB VOTING COM 05577W200   14,516 429,969 SH   SOLE   429,969 0 0
CANADIAN NATL RAILWAY CO COM 136375102   49,196 505,605 SH   SOLE   505,605 0 0
CANADIAN NATURAL RESOURCES COM 136385101   19,194 623,868 SH   SOLE   623,868 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   31,084 442,987 SH   SOLE   442,987 0 0
CENTENE CORP COM 15135B101   15,916 262,162 SH   SOLE   262,162 0 0
CGI INC COM 12532H104   60,394 605,053 SH   SOLE   605,053 0 0
CHEVRON CORP COM 166764100   4,138 24,737 SH   SOLE   24,737 0 0
CUMMINS INC COM 231021106   4,456 14,215 SH   SOLE   14,215 0 0
DARDEN RESTAURANTS INC COM 237194105   10,904 52,482 SH   SOLE   52,482 0 0
DOLLAR GENERAL CORP COM 256677105   12,553 142,760 SH   SOLE   142,760 0 0
ENBRIDGE INC COM 29250N105   67,765 1,531,333 SH   SOLE   1,531,333 0 0
EOG RESOURCES INC COM 26875P101   10,194 79,495 SH   SOLE   79,495 0 0
EXXON MOBIL CORP COM 30231G102   4,508 37,901 SH   SOLE   37,901 0 0
FORTIS INC COM 349553107   48,090 1,055,879 SH   SOLE   1,055,879 0 0
FRANCO-NEVADA CORP COM 351858105   38,476 244,669 SH   SOLE   244,669 0 0
HAEMONETICS CORP/MASS COM 405024100   714 11,240 SH   SOLE   11,240 0 0
HOME DEPOT INC COM 437076102   3,561 9,717 SH   SOLE   9,717 0 0
HORMEL FOODS CORP COM 440452100   7,440 240,450 SH   SOLE   240,450 0 0
JOHNSON & JOHNSON COM 478160104   16,693 100,660 SH   SOLE   100,660 0 0
JPMORGAN CHASE & CO COM 46625H100   5,076 20,695 SH   SOLE   20,695 0 0
LENNOX INTERNATIONAL INC COM 526107107   2,837 5,059 SH   SOLE   5,059 0 0
MAGNA INTERNATIONAL INC COM 559222401   22,003 647,465 SH   SOLE   647,465 0 0
MCKESSON CORP COM 58155Q103   2,160 3,209 SH   SOLE   3,209 0 0
MERCK & CO. INC. COM 58933Y105   9,320 103,827 SH   SOLE   103,827 0 0
MICRON TECHNOLOGY INC COM 595112103   1,593 18,335 SH   SOLE   18,335 0 0
NATIONAL RESEARCH CORP COM 637372202   4,536 354,360 SH   SOLE   354,360 0 0
NETFLIX INC COM 64110L106   2,947 3,160 SH   SOLE   3,160 0 0
NOVO-NORDISK A/S-SPONS ADR COM 670100205   534 7,694 SH   SOLE   7,694 0 0
NUTRIEN LTD COM 67077M108   15,485 312,046 SH   SOLE   312,046 0 0
NV5 GLOBAL INC COM 62945V109   1,112 57,700 SH   SOLE   57,700 0 0
ONE GAS INC COM 68235P108   1,061 14,030 SH   SOLE   14,030 0 0
ORACLE CORP COM 68389X105   2,449 17,515 SH   SOLE   17,515 0 0
PACCAR INC COM 693718108   4,741 48,690 SH   SOLE   48,690 0 0
PEPSICO INC COM 713448108   17,511 116,785 SH   SOLE   116,785 0 0
RB GLOBAL INC COM 74935Q107   41,226 410,813 SH   SOLE   410,813 0 0
ROSS STORES INC COM 778296103   3,895 30,480 SH   SOLE   30,480 0 0
ROYAL BANK OF CANADA COM 780087102   51,164 454,273 SH   SOLE   454,273 0 0
SITIO ROYALTIES CORP-A COM 82983N108   942 47,386 SH   SOLE   47,386 0 0
SOLVENTUM CORP COM 83444M101   15,953 209,792 SH   SOLE   209,792 0 0
STANTEC INC COM 85472N109   15,501 187,035 SH   SOLE   187,035 0 0
STARBUCKS CORP COM 855244109   8,470 86,350 SH   SOLE   86,350 0 0
SUN LIFE FINANCIAL INC COM 866796105   76,042 1,328,840 SH   SOLE   1,328,840 0 0
TELUS INTERNATIONAL CDA INC COM 87975H100   16,233 6,052,635 SH   SOLE   6,052,635 0 0
TFI INTERNATIONAL INC COM 87241L109   27,103 350,096 SH   SOLE   350,096 0 0
THOR INDUSTRIES INC COM 885160101   6,598 87,036 SH   SOLE   87,036 0 0
TORONTO-DOMINION BANK COM 891160509   33,928 566,284 SH   SOLE   566,284 0 0
UNILEVER PLC-SPONSORED ADR COM 904767704   12,619 211,914 SH   SOLE   211,914 0 0
UNION PACIFIC CORP COM 907818108   12,675 53,651 SH   SOLE   53,651 0 0
UNITEDHEALTH GROUP INC COM 91324P102   15,945 30,444 SH   SOLE   30,444 0 0
WALT DISNEY CO/THE COM 254687106   3,922 39,740 SH   SOLE   39,740 0 0
WELLS FARGO & CO COM 949746101   2,460 34,267 SH   SOLE   34,267 0 0
XPEL INC COM 98379L100   930 31,650 SH   SOLE   31,650 0 0