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 99 2,200 SH   SOLE NONE 2,200 0 0
AbbVie Inc COM 00287Y109 115 1,950 SH   SOLE NONE 1,950 0 0
Accenture PLC COM G1151C101 1,733 16,582 SH   SOLE NONE 16,582 0 0
Activision Blizzard Inc COM 00507V109 298 7,700 SH   SOLE NONE 7,700 0 0
Align Technology Inc COM 016255101 522 7,938 SH   SOLE NONE 7,938 0 0
Alleghany Corp COM 017175100 199 417 SH   SOLE NONE 417 0 0
Alliance Data Systems Corp COM 018581108 265 960 SH   SOLE NONE 960 0 0
Alphabet INC CL A 02079K305 31,593 40,610 SH   SOLE NONE 40,610 0 0
Alphabet INC CL C 02079K107 24,298 32,012 SH   SOLE NONE 32,012 0 0
Altria Group Inc COM 02209S103 4,752 81,645 SH   SOLE NONE 81,645 0 0
American Express Co COM 025816109 286 4,112 SH   SOLE NONE 4,112 0 0
Anadarko Petroleum Corp COM 032511107 664 13,669 SH   SOLE NONE 13,669 0 0
Apache Corp COM 037411105 58 1,315 SH   SOLE NONE 1,315 0 0
Apple Inc COM 037833100 466 4,431 SH   SOLE NONE 4,431 0 0
Applied Materials Inc COM 038222105 272 14,591 SH   SOLE NONE 14,591 0 0
AT&T Inc COM 00206R102 33 954 SH   SOLE NONE 954 0 0
Bank of New York Mellon Corp/The COM 064058100 717 17,387 SH   SOLE NONE 17,387 0 0
Baxalta Inc COM 07177M103 19,721 505,330 SH   SOLE NONE 505,330 0 0
Berkshire Hathaway Inc CL B NEW 084670702 15,855 120,146 SH   SOLE NONE 120,146 0 0
BorgWarner Inc COM 099724106 609 14,080 SH   SOLE NONE 14,080 0 0
Chevron Corp COM 166764100 90 1,000 SH   SOLE NONE 1,000 0 0
Citigroup Inc COM 172967424 26,631 514,560 SH   SOLE NONE 514,560 0 0
Comcast Corp COM USD0.01 CL A 20030N101 43,666 773,871 SH   SOLE NONE 773,871 0 0
Cognizant Technology Solutions Corp COM 192446102 41,674 694,514 SH   SOLE NONE 694,514 0 0
CVS Caremark Corp COM 126650100 43,472 444,746 SH   SOLE NONE 444,746 0 0
Dollar General Corp COM 256677105 606 8,435 SH   SOLE NONE 8,435 0 0
Dr Pepper Snapple Group Inc COM 26138E109 386 4,137 SH   SOLE NONE 4,137 0 0
eBay Inc COM 278642103 202 7,345 SH   SOLE NONE 7,345 0 0
EMC Corp/MA COM 268648102 222 8,643 SH   SOLE NONE 8,643 0 0
Estee Lauder Cos Inc/The COM 518439104 379 4,308 SH   SOLE NONE 4,308 0 0
Exxon Mobil Corp COM 30231G102 206 2,640 SH   SOLE NONE 2,640 0 0
Fiserv Inc COM 337738108 1,427 15,600 SH   SOLE NONE 15,600 0 0
FLIR Systems Inc COM 302445101 237 8,435 SH   SOLE NONE 8,435 0 0
Fortune Brands Home & Security Inc COM 34964C106 255 4,600 SH   SOLE NONE 4,600 0 0
Franco-Nevada Corp COM 351858105 5,978 130,745 SH   SOLE NONE 130,745 0 0
Gap Inc/The COM 364760108 19 759 SH   SOLE NONE 759 0 0
Halliburton Co COM 406216101 4,303 126,430 SH   SOLE NONE 126,430 0 0
Hershey Co/The COM 427866108 493 5,524 SH   SOLE NONE 5,524 0 0
Honeywell International Inc COM 438516106 75 725 SH   SOLE NONE 725 0 0
H&R Block Inc COM 093671105 31 923 SH   SOLE NONE 923 0 0
Illinois Tool Works Inc COM 452308109 204 2,207 SH   SOLE NONE 2,207 0 0
International Business Machines Corp COM 459200101 165 1,200 SH   SOLE NONE 1,200 0 0
International Flavors & Fragrances Inc COM 459506101 155 1,294 SH   SOLE NONE 1,294 0 0
Intuit Inc COM 461202103 389 4,028 SH   SOLE NONE 4,028 0 0
Jardine Matheson Holdings Ltd COM G50736100 3,108 63,730 SH   SOLE NONE 63,730 0 0
Jardine Matheson Holdings Ltd COM G50764102 55 2,000 SH   SOLE NONE 2,000 0 0
Johnson & Johnson COM 478160104 291 2,830 SH   SOLE NONE 2,830 0 0
KeyCorp COM 493267108 405 30,674 SH   SOLE NONE 30,674 0 0
Laboratory Corp of America Holdings COM 50540R409 9,255 74,875 SH   SOLE NONE 74,875 0 0
Lockheed Martin Corp COM 539830109 36 167 SH   SOLE NONE 167 0 0
Macy's Inc COM 55616P104 16 456 SH   SOLE NONE 456 0 0
Marsh & McLennan Cos Inc COM 571748102 2,268 40,900 SH   SOLE NONE 40,900 0 0
Mastercard Inc COM 57636Q104 21,950 225,275 SH   SOLE NONE 225,275 0 0
Merck & Co Inc COM 58933Y105 907 17,182 SH   SOLE NONE 17,182 0 0
Microsoft Corp COM 594918104 64,809 1,168,680 SH   SOLE NONE 1,168,680 0 0
Nielsen Holdings PLC COM G6518L108 816 17,513 SH   SOLE NONE 17,513 0 0
Northern Trust Corp COM 665859104 5,155 71,500 SH   SOLE NONE 71,500 0 0
Oracle Corp COM 68389X105 36,460 998,215 SH   SOLE NONE 998,215 0 0
Paychex Inc COM 704326107 1,538 29,084 SH   SOLE NONE 29,084 0 0
PayPal Holdings Inc COM 70450Y103 266 7,345 SH   SOLE NONE 7,345 0 0
PepsiCo Inc COM 713448108 34 340 SH   SOLE NONE 340 0 0
Pfizer Inc COM 717081103 110 3,400 SH   SOLE NONE 3,400 0 0
Philip Morris International Inc COM 718172109 645 7,335 SH   SOLE NONE 7,335 0 0
Principal Financial Group Inc COM 74251V102 488 10,845 SH   SOLE NONE 10,845 0 0
Procter & Gamble Co/The COM 742718109 31 385 SH   SOLE NONE 385 0 0
Quest Diagnostics Inc COM 74834L100 128 1,800 SH   SOLE NONE 1,800 0 0
Reynolds American Inc COM 761713106 599 12,978 SH   SOLE NONE 12,978 0 0
Schlumberger Ltd COM 806857108 9,562 137,135 SH   SOLE NONE 137,135 0 0
Symantec Corp COM 871503108 67 3,200 SH   SOLE NONE 3,200 0 0
TJX Cos Inc COM 872540109 326 4,600 SH   SOLE NONE 4,600 0 0
Union Pacific Corp COM 907818108 16,316 208,677 SH   SOLE NONE 208,677 0 0
UnitedHealth Group Inc COM 91324P102 52,967 450,210 SH   SOLE NONE 450,210 0 0
United Parcel Service Inc CL B 911312106 164 1,700 SH   SOLE NONE 1,700 0 0
United Technologies Corp COM 913017109 650 6,765 SH   SOLE NONE 6,765 0 0
Varian Medical Systems Inc COM 92220P105 436 5,400 SH   SOLE NONE 5,400 0 0
Verizon Communications Inc COM 92343V104 1,006 21,608 SH   SOLE NONE 21,608 0 0
Wal-Mart Stores Inc COM 931142103 26 425 SH   SOLE NONE 425 0 0
Walt Disney Co/The COM 254687106 964 9,171 SH   SOLE NONE 9,171 0 0
Waters Corp COM 941848103 17,010 126,355 SH   SOLE NONE 126,355 0 0
Wec Energy Group Inc COM 92939U106 298 5,810 SH   SOLE NONE 5,810 0 0
Wells Fargo & Co COM USD1 2/3 COM 949746101 542 9,969 SH   SOLE NONE 9,969 0 0
Xilinx Inc COM 983919101 35 740 SH   SOLE NONE 740 0 0
Xylem Inc/NY COM 98419M100 280 7,680 SH   SOLE NONE 7,680 0 0
Yum! Brands Inc COM 988498101 166 2,278 SH   SOLE NONE 2,278 0 0