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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   74,387,203 248,878 SH   SOLE   225,924 0 22,954
APPLIED MATLS INC COM 038222105   78,855,936 430,741 SH   SOLE   391,120 0 39,621
BROADCOM INC COM 11135F101   91,909,877 333,429 SH   SOLE   302,898 0 30,531
BROOKFIELD CORP CL A LTD VT SH 11271J107   1,156,016 18,716 SH   SOLE   18,716 0 0
CARRIER GLOBAL CORPORATION COM 14448C104   71,408,332 975,656 SH   SOLE   886,240 0 89,416
CANADIAN NATL RY CO COM 136375102   1,026,350 9,870 SH   SOLE   9,870 0 0
CINTAS CORP COM 172908105   87,701,927 393,511 SH   SOLE   357,333 0 36,178
DOMINOS PIZZA INC COM 25754A201   73,462,160 163,032 SH   SOLE   148,040 0 14,992
FIRSTSERVICE CORP NEW COM 33767E202   999,631 5,740 SH   SOLE   5,740 0 0
GE AEROSPACE COM NEW 369604301   109,607,425 425,841 SH   SOLE   386,760 0 39,081
INTUIT COM 461202103   91,447,188 116,103 SH   SOLE   105,472 0 10,631
ELI LILLY & CO COM 532457108   75,507,355 96,863 SH   SOLE   87,951 0 8,912
MARSH & MCLENNAN COS INC COM 571748102   78,200,857 357,669 SH   SOLE   324,977 0 32,692
MASTERCARD INCORPORATED CL A 57636Q104   89,279,406 158,876 SH   SOLE   144,285 0 14,591
MCKESSON CORP COM 58155Q103   76,723,093 104,701 SH   SOLE   95,066 0 9,635
MICROSOFT CORP COM 594918104   91,036,671 183,021 SH   SOLE   166,240 0 16,781
MOODYS CORP COM 615369105   81,400,083 162,283 SH   SOLE   147,415 0 14,868
MSCI INC COM 55354G100   73,480,657 127,407 SH   SOLE   115,717 0 11,690
OLD DOMINION FREIGHT LINE IN COM 679580100   68,332,855 421,028 SH   SOLE   382,355 0 38,673
OPEN TEXT CORP COM 683715106   997,564 34,209 SH   SOLE   34,209 0 0
S&P GLOBAL INC COM 78409V104   369,103 700 SH   SOLE   700 0 0
SHERWIN WILLIAMS CO COM 824348106   80,325,213 233,938 SH   SOLE   212,514 0 21,424
SPDR S&P 500 ETF TR TR UNIT 78462F103   447,460 724 SH   SOLE   724 0 0
TFI INTL INC COM 87241L109   1,076,823 12,020 SH   SOLE   12,020 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   70,346,801 173,498 SH   SOLE   157,488 0 16,010
THOMSON REUTERS CORP COM 884903808   1,118,238 5,572 SH   SOLE   5,572 0 0
UNITEDHEALTH GROUP INC COM 91324P102   46,369,385 148,633 SH   SOLE   134,927 0 13,706
VISA INC COM CL A 92826C839   89,866,419 253,109 SH   SOLE   229,910 0 23,199
WABTEC COM 929740108   83,656,984 399,603 SH   SOLE   363,012 0 36,591
WASTE CONNECTIONS INC COM 94106B101   994,403 5,334 SH   SOLE   5,334 0 0
ZOETIS INC CL A 98978V103   67,231,470 431,108 SH   SOLE   391,600 0 39,508