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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPHABET INC CAP STK CL A 02079K305   21,987,206 157,400 SH   SOLE   157,400 0 0
ALPHABET INC CAP STK CL C 02079K107   2,385,530,002 16,927,056 SH   SOLE   16,927,056 0 0
CANADIAN NATL RY CO COM 136375102   5,037,819,252 40,072,313 SH   SOLE   40,072,313 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   4,393,255,694 55,514,385 SH   SOLE   55,514,385 0 0
FERGUSON PLC NEW SHS G3421J106   84,312,704 436,695 SH   SOLE   436,695 0 0
GENERAL ELECTRIC CO COM NEW 369604301   5,315,799,200 41,650,076 SH   SOLE   41,650,076 0 0
MICROSOFT CORP COM 594918104   4,000,375,567 10,638,165 SH   SOLE   10,638,165 0 0
MOODYS CORP COM 615369105   4,706,096,072 12,049,611 SH   SOLE   12,049,611 0 0
S&P GLOBAL INC COM 78409V104   3,979,045,798 9,032,611 SH   SOLE   9,032,611 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   1,670,068,102 3,146,382 SH   SOLE   3,146,382 0 0
VISA INC COM CL A 92826C839   4,373,147,635 16,797,187 SH   SOLE   16,797,187 0 0