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
BANK MONTREAL QUE COM 063671101 45,252 584,000 SH   SOLE   584,000 0 0
BANK N S HALIFAX COM 064149107 51,618 914,000 SH   SOLE   914,000 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 48,514 583,100 SH   SOLE   583,100 0 0
CANADIAN NAT RES LTD COM 136385101 65,322 2,020,000 SH   SOLE   2,020,000 0 0
CISCO SYS INC COM 17275R102 33,519 700,000 SH   SOLE   700,000 0 0
FEDEX CORP COM 31428X106 35,780 237,000 SH   SOLE   237,000 0 0
FORTIS INC COM 349553107 23,455 565,400 SH   SOLE   565,400 0 0
JOHNSON & JOHNSON COM 478160104 33,403 559,000 SH   SOLE   559,000 0 0
MAGNA INTL INC COM 559222401 40,051 730,600 SH   SOLE   730,600 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 40,822 516,000 SH   SOLE   516,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 55,609 1,697,000 SH   SOLE   1,697,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 43,794 781,000 SH   SOLE   781,000 0 0
UNION PACIFIC CORP COM 907818108 31,588 175,000 SH   SOLE   175,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 54,931 470,000 SH   SOLE   470,000 0 0
DISNEY WALT CO COM DISNEY 254687106 50,541 350,000 SH   SOLE   350,000 0 0
WELLS FARGO CO NEW COM 949746101 52,489 977,168 SH   SOLE   977,168 0 0
BANK MONTREAL QUE COM 063671101 3,787 48,873 SH   SOLE   48,873 0 0
BANK N S HALIFAX COM 064149107 4,210 74,540 SH   SOLE   74,540 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 23 100 SH   SOLE   100 0 0
CANADIAN NAT RES LTD COM 136385101 5,110 158,021 SH   SOLE   158,021 0 0
CGI INC CL A SUB VTG 12532H104 371 4,431 SH   SOLE   4,431 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 3,932 47,261 SH   SOLE   47,261 0 0
CISCO SYS INC COM 17275R102 2,845 59,342 SH   SOLE   59,342 0 0
FEDEX CORP COM 31428X106 2,828 18,705 SH   SOLE   18,705 0 0
FORTIS INC COM 349553107 1,956 47,152 SH   SOLE   47,152 0 0
HOME DEPOT INC COM 437076102 285 1,305 SH   SOLE   1,305 0 0
INTEL CORP COM 458140100 2,854 47,692 SH   SOLE   47,692 0 0
JPMORGAN CHASE & CO COM 46625H100 704 5,051 SH   SOLE   5,051 0 0
MAGNA INTL INC COM 559222401 3,370 61,475 SH   SOLE   61,475 0 0
MEDTRONIC PLC SHS G5960L103 526 4,635 SH   SOLE   4,635 0 0
ORACLE CORP COM 68389X105 314 5,930 SH   SOLE   5,930 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 3,707 46,855 SH   SOLE   46,855 0 0
STANTEC INC COM 85472N109 371 13,135 SH   SOLE   13,135 0 0
SUNCOR ENERGY INC NEW COM 867224107 4,385 133,805 SH   SOLE   133,805 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 3,545 63,227 SH   SOLE   63,227 0 0
TOTAL S A SPONSORED ADS 89151E109 345 6,247 SH   SOLE   6,247 0 0
UNION PACIFIC CORP COM 907818108 2,787 15,417 SH   SOLE   15,417 0 0
UNITED PARCEL SERVICE INC CL B 911312106 4,570 39,046 SH   SOLE   39,046 0 0
DISNEY WALT CO COM DISNEY 254687106 4,244 29,349 SH   SOLE   29,349 0 0
WELLS FARGO CO NEW COM 949746101 4,277 79,524 SH   SOLE   79,524 0 0
ADT INC COM 00090Q103 3,444 435,000 SH   SOLE   435,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,314 23,500 SH   SOLE   23,500 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 2,817 6,000 SH   SOLE   6,000 0 0
HOWARD HUGHES CORP COM 44267D107 4,304 34,000 SH   SOLE   34,000 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 4,477 36,000 SH   SOLE   36,000 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 3,861 80,000 SH   SOLE   80,000 0 0
LKQ CORP COM 501889208 1,960 55,000 SH   SOLE   55,000 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 2,027 45,000 SH   SOLE   45,000 0 0