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 3,187 17,250 SH   SOLE   17,250 0 0
ALPHABET INC-CL A COM 02079K305 100,127 92,470 SH   SOLE   92,470 0 0
ALTRIA GROUP INC COM 02209S103 10,113 213,576 SH   SOLE   213,576 0 0
AMERICAN EXPRESS CO COM 025816109 189,182 1,532,581 SH   SOLE   1,532,581 0 0
BECTON DICKINSON AND CO COM 075887109 19,427 77,089 SH   SOLE   77,089 0 0
BERKSHIRE HATHAWAY-A SHS COM 084670108 160,448 504 SH   SOLE   504 0 0
BOOKING HOLDINGS INC COM 09857L108 7,954 4,243 SH   SOLE   4,243 0 0
CISCO SYSTEMS INC COM 17275R102 8,155 149,000 SH   SOLE   149,000 0 0
CLOROX COMPANY CLX US COM 189054109 8,452 55,200 SH   SOLE   55,200 0 0
COCA-COLA CO COM 191216100 382,013 7,502,210 SH   SOLE   7,502,210 0 0
COLGATE-PALMOLIVE CO COM 194162103 111,419 1,554,607 SH   SOLE   1,554,607 0 0
EBAY INC COM 278642103 19,007 481,178 SH   SOLE   481,178 0 0
EMERSON ELECTRIC CO COM 291011104 5,004 75,000 SH   SOLE   75,000 0 0
EVERSOURCE ENERGY COM 30040W108 6,818 90,000 SH   SOLE   90,000 0 0
EXXON MOBIL CORP COM 30231G102 613 8,000 SH   SOLE   8,000 0 0
FACEBOOK INC-A COM 30303M102 11,597 60,089 SH   SOLE   60,089 0 0
FISERV INC COM 337738108 13,840 151,824 SH   SOLE   151,824 0 0
FRANCO-NEVADA CORP (US) COM 351858105 95,139 1,120,869 SH   SOLE   1,120,869 0 0
GENERAL ELECTRIC CO COM 369604103 6 560 SH   SOLE   560 0 0
HERSHEY CO/THE COM 427866108 6,702 50,000 SH   SOLE   50,000 0 0
INTUIT INC COM 461202103 13,976 53,482 SH   SOLE   53,482 0 0
JOHNSON & JOHNSON COM 478160104 17,774 127,612 SH   SOLE   127,612 0 0
KRAFT HEINZ CO COM 50075N104 18 576 SH   SOLE   576 0 0
MCDONALD'S CORP COM 580135101 3,946 19,000 SH   SOLE   19,000 0 0
MEDTRONIC INC COM 585055106 111,609 1,146,003 SH   SOLE   1,146,003 0 0
MICROSOFT CORP COM 594918104 381,091 2,844,811 SH   SOLE   2,844,811 0 0
MONDELEZ INTERNATIONAL INC-A COM 609207105 93 1,730 SH   SOLE   1,730 0 0
NEWS CORP-CL A COM 65248E104 859 63,712 SH   SOLE   63,712 0 0
PAYCHEX INC COM 704326107 6,789 82,500 SH   SOLE   82,500 0 0
PAYPAL HOLDINGS INC COM 70450Y103 27,174 237,407 SH   SOLE   237,407 0 0
PEPSICO INC COM 713448108 11,431 87,174 SH   SOLE   87,174 0 0
PFIZER INC COM 717081103 1,430 33,000 SH   SOLE   33,000 0 0
PHILIP MORRIS INT COM 718172109 171,892 2,188,871 SH   SOLE   2,188,871 0 0
PROCTER & GAMBLE COM 742718109 286,048 2,608,738 SH   SOLE   2,608,738 0 0
THOMSON REUTERS CORP COM 884903105 7,035 83,274 SH   SOLE   83,274 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,562 12,000 SH   SOLE   12,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 4,322 75,659 SH   SOLE   75,659 0 0
VISA INC-CLASS A SHARES COM 92826C839 23,853 137,441 SH   SOLE   137,441 0 0
WALT DISNEY CO/THE DIS US COM 254687106 8,674 62,119 SH   SOLE   62,119 0 0
WELLS FARGO & CO COM 949746101 145,387 3,072,427 SH   SOLE   3,072,427 0 0
WESTERN UNION CO COM 959802109 4,237 213,000 SH   SOLE   213,000 0 0
WHITE MOUNTAINS INSURANCE GP COM G9618E107 679 665 SH   SOLE   665 0 0