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
ALPHABET INC CAP STK CL C 02079K107 6,107,231 2,952,307 SH   SOLE   2,952,307 0 0
ALPHABET INC CAP STK CL A 02079K305 1,274,681 618,021 SH   SOLE   618,021 0 0
BOSTON PROPERTIES INC COM 101121101 886,393 8,753,638 SH   SOLE   8,753,638 0 0
CANADIAN NATL RY CO COM 136375102 2,410,839 20,773,418 SH   SOLE   20,773,418 0 0
CANADIAN PAC RY LTD COM 13645T100 4,260,709 11,172,077 SH   SOLE   11,172,077 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 6,326,233 10,252,881 SH   SOLE   10,252,881 0 0
KLA CORP COM NEW 482480100 10,110 30,600 SH   SOLE   30,600 0 0
LAM RESEARCH CORP COM 512807108 10,298 17,300 SH   SOLE   17,300 0 0
MICROSOFT CORP COM 594918104 4,829,372 20,483,405 SH   SOLE   20,483,405 0 0
MOODYS CORP COM 615369105 1,959,715 6,562,790 SH   SOLE   6,562,790 0 0
S&P GLOBAL INC COM 78409V104 2,065,510 5,853,460 SH   SOLE   5,853,460 0 0
UNION PAC CORP COM 907818108 1,326,105 6,016,539 SH   SOLE   6,016,539 0 0
VISA INC COM CL A 92826C839 2,976,477 14,057,890 SH   SOLE   14,057,890 0 0