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

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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 C 02079K107   2,539,863,890 8,854,019 SH   SOLE   8,854,019 0 0
ALPHABET INC CAP STK CL A 02079K305   706,534,920 2,457,000 SH   SOLE   2,457,000 0 0
CANADIAN NATL RY CO COM 136375102   1,013,208,255 9,849,934 SH   SOLE   9,849,934 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   3,659,637,907 46,521,923 SH   SOLE   46,521,923 0 0
GE AEROSPACE COM NEW 369604301   13,482,035,005 47,510,431 SH   SOLE   47,510,431 0 0
MICROSOFT CORP COM 594918104   1,009,976,270 2,728,412 SH   SOLE   2,728,412 0 0
MOODYS CORP COM 615369105   6,253,219,279 14,334,027 SH   SOLE   14,334,027 0 0
S&P GLOBAL INC COM 78409V104   5,969,778,755 14,035,310 SH   SOLE   14,035,310 0 0
VISA INC COM CL A 92826C839   9,208,688,518 30,468,133 SH   SOLE   30,468,133 0 0
FERROVIAL SE ORD SHS N3168P101   1,327,927,999 20,740,214 SH   SOLE   20,740,214 0 0