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
ACCENTURE PLC-CL A COM G1151C101 3,036 17,250 SH   SOLE   17,250 0 0
ALPHABET INC-CL A COM 02079K305 26,192 22,255 SH   SOLE   22,255 0 0
ALTRIA GROUP INC COM 02209S103 12,266 213,576 SH   SOLE   213,576 0 0
AMERICAN EXPRESS CO COM 025816109 166,823 1,526,281 SH   SOLE   1,526,281 0 0
BECTON DICKINSON AND CO COM 075887109 17,004 68,089 SH   SOLE   68,089 0 0
BERKSHIRE HATHAWAY-A SHS COM 084670108 150,306 499 SH   SOLE   499 0 0
BOOKING HOLDINGS INC COM 09857L108 7,404 4,243 SH   SOLE   4,243 0 0
CISCO SYSTEMS INC COM 17275R102 8,045 149,000 SH   SOLE   149,000 0 0
CLOROX COMPANY CLX US COM 189054109 7,542 47,000 SH   SOLE   47,000 0 0
COCA-COLA CO COM 191216100 336,005 7,170,410 SH   SOLE   7,170,410 0 0
COLGATE-PALMOLIVE CO COM 194162103 105,675 1,541,807 SH   SOLE   1,541,807 0 0
EBAY INC COM 278642103 18,131 488,178 SH   SOLE   488,178 0 0
EMERSON ELECTRIC CO COM 291011104 3,800 55,500 SH   SOLE   55,500 0 0
EVERSOURCE ENERGY COM 30040W108 5,889 83,000 SH   SOLE   83,000 0 0
EXXON MOBIL CORP COM 30231G102 646 8,000 SH   SOLE   8,000 0 0
FACEBOOK INC-A COM 30303M102 9,099 54,589 SH   SOLE   54,589 0 0
FISERV INC COM 337738108 13,403 151,824 SH   SOLE   151,824 0 0
FRANCO-NEVADA CORP (US) COM 351858105 84,211 1,122,069 SH   SOLE   1,122,069 0 0
GENERAL ELECTRIC CO COM 369604103 6 560 SH   SOLE   560 0 0
HERSHEY CO/THE COM 427866108 5,742 50,000 SH   SOLE   50,000 0 0
INTUIT INC COM 461202103 13,981 53,482 SH   SOLE   53,482 0 0
JOHNSON & JOHNSON COM 478160104 18,029 128,974 SH   SOLE   128,974 0 0
KRAFT HEINZ CO COM 50075N104 19 576 SH   SOLE   576 0 0
MCDONALD'S CORP COM 580135101 3,608 19,000 SH   SOLE   19,000 0 0
MEDTRONIC INC COM 585055106 28,199 309,603 SH   SOLE   309,603 0 0
MICROSOFT CORP COM 594918104 330,981 2,806,347 SH   SOLE   2,806,347 0 0
MONDELEZ INTERNATIONAL INC-A COM 609207105 86 1,730 SH   SOLE   1,730 0 0
NEWS CORP-CL A COM 65248E104 793 63,712 SH   SOLE   63,712 0 0
PAYCHEX INC COM 704326107 6,617 82,500 SH   SOLE   82,500 0 0
PAYPAL HOLDINGS INC COM 70450Y103 24,652 237,407 SH   SOLE   237,407 0 0
PEPSICO INC COM 713448108 11,602 94,674 SH   SOLE   94,674 0 0
PFIZER INC COM 717081103 1,402 33,000 SH   SOLE   33,000 0 0
PHILIP MORRIS INT COM 718172109 193,625 2,190,571 SH   SOLE   2,190,571 0 0
PROCTER & GAMBLE COM 742718109 267,525 2,571,121 SH   SOLE   2,571,121 0 0
THOMSON REUTERS CORP COM 884903105 6,584 83,274 SH   SOLE   83,274 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,547 12,000 SH   SOLE   12,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,823 64,659 SH   SOLE   64,659 0 0
VISA INC-CLASS A SHARES COM 92826C839 19,967 127,841 SH   SOLE   127,841 0 0
WALT DISNEY CO/THE DIS US COM 254687106 6,897 62,119 SH   SOLE   62,119 0 0
WELLS FARGO & CO COM 949746101 116,854 2,418,327 SH   SOLE   2,418,327 0 0
WESTERN UNION CO COM 959802109 3,565 193,000 SH   SOLE   193,000 0 0
WHITE MOUNTAINS INSURANCE GP COM G9618E107 615 665 SH   SOLE   665 0 0