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
ALPHABET INC CAP STK CL C 02079K107 2,887,268 2,787,988 SH   SOLE   2,787,988 0 0
ALPHABET INC CAP STK CL A 02079K305 449,960 430,600 SH   SOLE   430,600 0 0
CANADIAN NATL RY CO COM 136375102 794,635 10,720,483 SH   SOLE   10,720,483 0 0
CANADIAN PAC RY LTD COM 13645T100 1,391,660 7,835,316 SH   SOLE   7,835,316 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 3,354,784 11,772,411 SH   SOLE   11,772,411 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 74,511 2,427,057 SH   SOLE   2,427,057 0 0
MICROSOFT CORP COM 594918104 2,216,034 21,817,804 SH   SOLE   21,817,804 0 0
MOODYS CORP COM 615369105 837,254 5,978,677 SH   SOLE   5,978,677 0 0
S&P GLOBAL INC COM 78409V104 346,840 2,040,954 SH   SOLE   2,040,954 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 5,509,883 114,502,969 SH   SOLE   114,502,969 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 1,060,229 22,189,801 SH   SOLE   22,189,801 0 0
UNION PAC CORP COM 907818108 1,064,208 7,698,818 SH   SOLE   7,698,818 0 0