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
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104   25,809,669 446,800 SH   SOLE   446,800 0 0
CANADIAN NATL RY CO COM 136375102   21,982,836 243,065 SH   SOLE   243,065 0 0
ALPHABET INC CAP STK CL A 02079K305   19,259,390 14,380 SH   SOLE   14,380 0 0
APPLE INC COM 037833100   10,512,104 35,800 SH   SOLE   35,800 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   679,143 2 SH   SOLE   2 0 0
SCHWAB CHARLES CORP COM 808513105   36,264,448 762,540 SH   SOLE   762,540 0 0
COSTCO WHSL CORP NEW COM 22160K105   367,380 1,250 SH   SOLE   1,250 0 0
LAS VEGAS SANDS CORP COM 517834107   12,104,476 175,335 SH   SOLE   175,335 0 0
MASTERCARD INCORPORATED CL A 57636Q104   29,444,464 98,617 SH   SOLE   98,617 0 0
MOODYS CORP COM 615369105   24,058,545 101,343 SH   SOLE   101,343 0 0
LAUDER ESTEE COS INC CL A 518439904   33,729,263 163,315 SH   SOLE   163,315 0 0
UNION PAC CORP COM 907818108   402,236 2,225 SH   SOLE   2,225 0 0
VISA INC COM CL A 92826C839   43,886,378 233,575 SH   SOLE   233,575 0 0
DIAGEO P L C SPON ADR NEW 25243Q205   12,191,267 72,390 SH   SOLE   72,390 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   7,135,309 75,502 SH   SOLE   75,502 0 0