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
ALPHABET INC CAP STK CL C 02079K107 4,323,349 3,546,636 SH   SOLE   3,546,636 0 0
ALPHABET INC CAP STK CL A 02079K305 754,690 618,021 SH   SOLE   618,021 0 0
ANTHEM INC COM 036752103 979,751 4,080,597 SH   SOLE   4,080,597 0 0
AUTODESK INC COM 052769106 16,690 113,000 SH   SOLE   113,000 0 0
CANADIAN NATL RY CO COM 136375102 1,716,468 19,102,713 SH   SOLE   19,102,713 0 0
CANADIAN PAC RY LTD COM 13645T100 2,403,593 10,807,584 SH   SOLE   10,807,584 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 4,193,021 10,174,272 SH   SOLE   10,174,272 0 0
EQUIFAX INC COM 294429105 109,812 780,639 SH   SOLE   780,639 0 0
MICROSOFT CORP COM 594918104 1,484,803 10,679,732 SH   SOLE   10,679,732 0 0
MOODYS CORP COM 615369105 1,233,673 6,022,912 SH   SOLE   6,022,912 0 0
RAYTHEON CO COM NEW 755111507 229,515 1,169,860 SH   SOLE   1,169,860 0 0
S&P GLOBAL INC COM 78409V104 485,652 1,982,414 SH   SOLE   1,982,414 0 0
UNION PACIFIC CORP COM 907818108 790,913 4,882,781 SH   SOLE   4,882,781 0 0
UNIVAR SOLUTIONS INC COM 91336L107 346,260 16,679,200 SH   SOLE   16,679,200 0 0
VISA INC COM CL A 92826C839 203,581 1,183,542 SH   SOLE   1,183,542 0 0