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
Abbott Laboratories COM 002824100 88 2,200 SH   SOLE NONE 2,200 0 0
AbbVie Inc COM 00287Y109 106 1,950 SH   SOLE NONE 1,950 0 0
Accenture PLC COM G1151C101 1,143 11,640 SH   SOLE NONE 11,640 0 0
Activision Blizzard Inc COM 00507V109 225 7,300 SH   SOLE NONE 7,300 0 0
Align Technology Inc COM 016255101 451 7,938 SH   SOLE NONE 7,938 0 0
Alleghany Corp COM 017175100 195 417 SH   SOLE NONE 417 0 0
Alliance Data Systems Corp COM 018581108 45 175 SH   SOLE NONE 175 0 0
Alphabet INC CL A 02079K305 3 4,225 SH   SOLE NONE 4,225 0 0
Alphabet INC CL C 02079K107 2 3,562 SH   SOLE NONE 3,562 0 0
Altria Group Inc COM 02209S103 3,596 82,075 SH   SOLE NONE 82,075 0 0
American Express Co COM 025816109 111 1,500 SH   SOLE NONE 1,500 0 0
Anadarko Petroleum Corp COM 032511107 1,065 17,632 SH   SOLE NONE 17,632 0 0
Apache Corp COM 037411105 52 1,315 SH   SOLE NONE 1,315 0 0
Apple Inc COM 037833100 489 4,431 SH   SOLE NONE 4,431 0 0
Applied Materials Inc COM 038222105 99 6,721 SH   SOLE NONE 6,721 0 0
Bank of New York Mellon Corp/The COM 064058100 681 17,387 SH   SOLE NONE 17,387 0 0
Baxalta Inc COM 07177M103 12,737 455,980 SH   SOLE NONE 455,980 0 0
Berkshire Hathaway Inc CL B NEW 084670702 13,332 113,566 SH   SOLE NONE 113,566 0 0
BorgWarner Inc COM 099724106 192 11,080 SH   SOLE NONE 11,080 0 0
Chevron Corp COM 166764100 79 1,000 SH   SOLE NONE 1,000 0 0
Citigroup Inc COM 172967424 23,704 501,539 SH   SOLE NONE 501,539 0 0
Comcast Corp COM USD0.01 CL A 20030N101 29,433 597,581 SH   SOLE NONE 597,581 0 0
Cognizant Technology Solutions Corp COM 192446102 18,469 343,385 SH   SOLE NONE 343,385 0 0
CVS Caremark Corp COM 126650100 28,805 349,411 SH   SOLE NONE 349,411 0 0
Dollar General Corp COM 256677105 439 6,065 SH   SOLE NONE 6,065 0 0
Dr Pepper Snapple Group Inc COM 26138E109 294 3,724 SH   SOLE NONE 3,724 0 0
eBay Inc COM 278642103 95 3,875 SH   SOLE NONE 3,875 0 0
EMC Corp/MA COM 268648102 209 8,643 SH   SOLE NONE 8,643 0 0
Estee Lauder Cos Inc/The COM 518439104 161 1,990 SH   SOLE NONE 1,990 0 0
Exxon Mobil Corp COM 30231G102 196 2,640 SH   SOLE NONE 2,640 0 0
First Republic Bank/CA COM 33616C100 178 2,845 SH   SOLE NONE 2,845 0 0
Fiserv Inc COM 337738108 399 15,600 SH   SOLE NONE 15,600 0 0
FLIR Systems Inc COM 302445101 113 4,046 SH   SOLE NONE 4,046 0 0
Franco-Nevada Corp COM 351858105 5,446 144,745 SH   SOLE NONE 144,745 0 0
Google Inc CL A 38259P508 22,846 35,826 SH   SOLE NONE 35,826 0 0
Google Inc CL A 38259P706 16,897 27,807 SH   SOLE NONE 27,807 0 0
Halliburton Co COM 406216101 4,203 126,430 SH   SOLE NONE 126,430 0 0
Hershey Co/The COM 427866108 297 3,234 SH   SOLE NONE 3,234 0 0
Honeywell International Inc COM 438516106 38 400 SH   SOLE NONE 400 0 0
Illinois Tool Works Inc COM 452308109 566 6,874 SH   SOLE NONE 6,874 0 0
International Business Machines Corp COM 459200101 174 1,200 SH   SOLE NONE 1,200 0 0
Intuit Inc COM 461202103 452 5,094 SH   SOLE NONE 5,094 0 0
Jardine Matheson Holdings Ltd COM G50736100 2,938 62,350 SH   SOLE NONE 62,350 0 0
Johnson & Johnson COM 478160104 233 2,500 SH   SOLE NONE 2,500 0 0
KeyCorp COM 493267108 399 30,674 SH   SOLE NONE 30,674 0 0
Laboratory Corp of America Holdings COM 50540R409 7,227 78,280 SH   SOLE NONE 78,280 0 0
Marsh & McLennan Cos Inc COM 571748102 1,322 40,900 SH   SOLE NONE 40,900 0 0
Mastercard Inc COM 57636Q104 9,980 113,985 SH   SOLE NONE 113,985 0 0
Merck & Co Inc COM 58933Y105 702 14,223 SH   SOLE NONE 14,223 0 0
Microsoft Corp COM 594918104 47,230 1,208,410 SH   SOLE NONE 1,208,410 0 0
Nielsen Holdings PLC COM G6518L108 550 12,380 SH   SOLE NONE 12,380 0 0
Northern Trust Corp COM 665859104 3,654 72,500 SH   SOLE NONE 72,500 0 0
Oracle Corp COM 68389X105 30,657 983,915 SH   SOLE NONE 983,915 0 0
Paychex Inc COM 704326107 1,248 26,209 SH   SOLE NONE 26,209 0 0
PayPal Holdings Inc COM 70450Y103 385 12,415 SH   SOLE NONE 12,415 0 0
Pfizer Inc COM 717081103 107 3,400 SH   SOLE NONE 3,400 0 0
Philip Morris International Inc COM 718172109 622 7,835 SH   SOLE NONE 7,835 0 0
Principal Financial Group Inc COM 74251V102 513 10,845 SH   SOLE NONE 10,845 0 0
Quest Diagnostics Inc COM 74834L100 111 1,800 SH   SOLE NONE 1,800 0 0
Reynolds American Inc COM 761713106 389 8,778 SH   SOLE NONE 8,778 0 0
Schlumberger Ltd COM 806857108 5,361 115,665 SH   SOLE NONE 115,665 0 0
Symantec Corp COM 871503108 62 3,200 SH   SOLE NONE 3,200 0 0
Taiwan Semiconductor SPONSORED ADR 874039100 2 89,650 SH   SOLE NONE 89,650 0 0
TJX Cos Inc COM 872540109 135 1,890 SH   SOLE NONE 1,890 0 0
Union Pacific Corp COM 907818108 16,279 201,659 SH   SOLE NONE 201,659 0 0
UnitedHealth Group Inc COM 91324P102 46,171 455,480 SH   SOLE NONE 455,480 0 0
United Parcel Service Inc CL B 911312106 168 1,700 SH   SOLE NONE 1,700 0 0
United Technologies Corp COM 913017109 737 8,290 SH   SOLE NONE 8,290 0 0
Varian Medical Systems Inc COM 92220P105 177 2,400 SH   SOLE NONE 2,400 0 0
Verizon Communications Inc COM 92343V104 945 21,608 SH   SOLE NONE 21,608 0 0
Walt Disney Co/The COM 254687106 690 6,751 SH   SOLE NONE 6,751 0 0
Waters Corp COM 941848103 12,450 129,485 SH   SOLE NONE 129,485 0 0
Wec Energy Group Inc COM 92939U106 303 5,810 SH   SOLE NONE 5,810 0 0
Wells Fargo & Co COM USD1 2/3 COM 949746101 143 6,757 SH   SOLE NONE 6,757 0 0
Xylem Inc/NY COM 98419M100 252 7,680 SH   SOLE NONE 7,680 0 0
Yum! Brands Inc COM 988498101 294 3,680 SH   SOLE NONE 3,680 0 0