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
Expires: July 31, 2015
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
AMERICAN EXPRESS CO COM 025816109 41,539,838 179,399 SH SOLE 179,399 0 0
AON PLC SHS CL A G0403H108 44,849,042 152,766 SH SOLE 152,766 0 0
APPLE INC COM 037833100 71,615,223 340,021 SH SOLE 340,021 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 42,463,934 275,919 SH SOLE 275,919 0 0
EQUIFAX INC COM 294429105 58,798,732 242,509 SH SOLE 242,509 0 0
FERGUSON PLC NEW SHS G3421J106 51,544,014 266,171 SH SOLE 266,171 0 0
FIRSTSERVICE CORP NEW COM 33767E202 2,061,109 13,527 SH SOLE 13,527 0 0
GENPACT LIMITED SHS G3922B107 40,175,792 1,248,083 SH SOLE 1,248,083 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 57,159,454 261,959 SH SOLE 261,959 0 0
ISHARES TR ISHS 5-10YR INVT 464288638 803,962 15,684 SH SOLE 15,684 0 0
META PLATFORMS INC CL A 30303M102 252,110 500 SH SOLE 500 0 0
MICROSOFT CORP COM 594918104 84,647,861 189,390 SH SOLE 189,390 0 0
MOODYS CORP COM 615369105 70,666,149 167,881 SH SOLE 167,881 0 0
MSCI INC COM 55354G100 54,887,223 113,933 SH SOLE 113,933 0 0
SHERWIN WILLIAMS CO COM 824348106 56,999,533 190,998 SH SOLE 190,998 0 0
SPDR SER TR BLOOMBERG 1-3 MO 78468R663 6,346,403 69,148 SH SOLE 69,148 0 0
VERISIGN INC COM 92343E102 7,645,400 43,000 SH SOLE 43,000 0 0
VISA INC COM CL A 92826C839 67,619,884 257,629 SH SOLE 257,629 0 0
XPEL INC COM 98379L100 4,288,536 120,600 SH SOLE 120,600 0 0