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
ADOBE INC COM 00724F101 1,131 3,430 SH   SOLE   3,430 0 0
ALPHABET INC CAP STK CL C 02079K107 4,171,085 3,119,688 SH   SOLE   3,119,688 0 0
ALPHABET INC CAP STK CL A 02079K305 827,771 618,021 SH   SOLE   618,021 0 0
ANTHEM INC COM 036752103 1,208,171 4,000,170 SH   SOLE   4,000,170 0 0
AUTODESK INC COM 052769106 20,731 113,000 SH   SOLE   113,000 0 0
CANADIAN NATL RY CO COM 136375102 1,852,238 20,480,913 SH   SOLE   20,480,913 0 0
CANADIAN PAC RY LTD COM 13645T100 2,797,878 10,978,084 SH   SOLE   10,978,084 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 4,935,336 10,174,272 SH   SOLE   10,174,272 0 0
MICROSOFT CORP COM 594918104 1,684,194 10,679,732 SH   SOLE   10,679,732 0 0
MOODYS CORP COM 615369105 1,429,900 6,022,912 SH   SOLE   6,022,912 0 0
NORTHROP GRUMMAN CORP COM 666807102 59,748 173,700 SH   SOLE   173,700 0 0
RAYTHEON CO COM NEW 755111507 1,491,477 6,815,694 SH   SOLE   6,815,694 0 0
S&P GLOBAL INC COM 78409V104 541,298 1,982,414 SH   SOLE   1,982,414 0 0
TRANSDIGM GROUP INC COM 893641100 48,429 86,480 SH   SOLE   86,480 0 0
UNION PACIFIC CORP COM 907818108 906,261 5,012,781 SH   SOLE   5,012,781 0 0
UNIVAR SOLUTIONS INC COM 91336L107 404,304 16,679,200 SH   SOLE   16,679,200 0 0
VISA INC COM CL A 92826C839 222,388 1,183,542 SH   SOLE   1,183,542 0 0