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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANK MONTREAL COM 063671101 35,512 709,000 SH   SOLE   709,000 0 0
BANK NOVA SCOTIA B C COM 064149107 42,615 1,052,000 SH   SOLE   1,052,000 0 0
CANADIAN IMP BK COMM COM 136069101 39,483 683,100 SH   SOLE   683,100 0 0
CANADIAN NAT RES LTD COM 136385101 35,550 2,620,000 SH   SOLE   2,620,000 0 0
CISCO SYS INC COM 17275R102 35,495 900,000 SH   SOLE   900,000 0 0
FEDEX CORP COM 31428X106 44,405 365,000 SH   SOLE   365,000 0 0
ORACLE CORP COM 68389X105 30,352 559,000 SH   SOLE   559,000 0 0
MAGNA INTL INC COM 559222401 31,767 1,003,500 SH   SOLE   1,003,500 0 0
ORACLE CORP COM 68389X105 14,546 300,000 SH   SOLE   300,000 0 0
ROYAL BK CDA COM 780087102 37,849 616,000 SH   SOLE   616,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 37,156 2,347,000 SH   SOLE   2,347,000 0 0
SUN LIFE FINL INC COM 866796105 19,940 624,900 SH   SOLE   624,900 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 45,588 1,081,000 SH   SOLE   1,081,000 0 0
UNION PAC CORP COM 907818108 18,395 130,000 SH   SOLE   130,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 48,778 520,437 SH   SOLE   520,437 0 0
DISNEY WALT CO COM DISNEY 254687106 39,736 410,000 SH   SOLE   410,000 0 0
WELLS FARGO CO NEW COM 949746101 37,639 1,307,168 SH   SOLE   1,307,168 0 0
ALPHABET INC CAP STK CL A 02079K305 10 9 SH   SOLE   9 0 0
BANK MONTREAL COM 063671101 3,160 63,082 SH   SOLE   63,082 0 0
BANK NOVA SCOTIA B C COM 064149107 3,878 95,723 SH   SOLE   95,723 0 0
BCE INC COM NEW 05534B760 236 5,798 SH   SOLE   5,798 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 18 100 SH   SOLE   100 0 0
CANADIAN NAT RES LTD COM 136385101 2,510 184,972 SH   SOLE   184,972 0 0
CGI INC CL A SUB VTG 12532H104 221 4,114 SH   SOLE   4,114 0 0
CANADIAN IMP BK COMM COM 136069101 3,464 59,938 SH   SOLE   59,938 0 0
CISCO SYS INC COM 17275R102 2,974 76,240 SH   SOLE   76,240 0 0
FEDEX CORP COM 31428X106 3,343 27,785 SH   SOLE   27,785 0 0
HOME DEPOT INC COM 437076102 207 1,116 SH   SOLE   1,116 0 0
INTEL CORP COM 458140100 2,765 51,488 SH   SOLE   51,488 0 0
JPMORGAN CHASE & CO COM 46625H100 304 3,407 SH   SOLE   3,407 0 0
MAGNA INTL INC COM 559222401 2,694 85,118 SH   SOLE   85,118 0 0
MEDTRONIC PLC SHS G5960L103 280 3,130 SH   SOLE   3,130 0 0
ORACLE CORP COM 68389X105 1,246 25,980 SH   SOLE   25,980 0 0
ROYAL BK CDA COM 780087102 3,297 53,652 SH   SOLE   53,652 0 0
STANTEC INC COM 85472N109 247 9,746 SH   SOLE   9,746 0 0
SUN LIFE FINL INC COM 866796105 1,755 55,010 SH   SOLE   55,010 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,700 170,574 SH   SOLE   170,574 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 4,370 103,612 SH   SOLE   103,612 0 0
UNION PAC CORP COM 907818108 1,619 11,568 SH   SOLE   11,568 0 0
UNITED PARCEL SERVICE INC CL B 911312106 4,178 45,075 SH   SOLE   45,075 0 0
DISNEY WALT CO COM DISNEY 254687106 3,232 33,723 SH   SOLE   33,723 0 0
WELLS FARGO CO NEW COM 949746101 3,172 111,390 SH   SOLE   111,390 0 0
ADT INC COM 00090Q103 2,336 539,000 SH   SOLE   539,000 0 0
ALPHABET INC CAP STK CL A 02079K305 1,982 1,700 SH   SOLE   1,700 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,898 26,700 SH   SOLE   26,700 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 1,368 43,000 SH   SOLE   43,000 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 2,281 7,500 SH   SOLE   7,500 0 0
HOWARD HUGHES CORP COM 44267D107 1,749 34,500 SH   SOLE   34,500 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 4,208 39,200 SH   SOLE   39,200 0 0
LKQ CORP COM 501889208 2,387 116,000 SH   SOLE   116,000 0 0
T MOBILE US INC COM 872590104 505 6,000 SH   SOLE   6,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 3,148 99,000 SH   SOLE   99,000 0 0