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
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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
Accenture Ltd. Cl. A SHS CLASS A G1151C101 11,098,230 41,365 SH SOLE 41,365 0 0
Alphabet Inc. Class A CAP STK CL A 02079K305 43,148,615 137,855 SH SOLE 137,855 0 0
Alphabet Inc. Class C CAP STK CL C 02079K107 299,679 955 SH SOLE 955 0 0
American Express COM 025816109 32,478,650 87,792 SH SOLE 87,792 0 0
Apple Inc. COM 037833100 20,741,015 76,293 SH SOLE 76,293 0 0
Berkshire Hathaway B CL B NEW 084670702 20,329,679 40,445 SH SOLE 40,445 0 0
Microsoft Corp. COM 594918104 34,557,551 71,456 SH SOLE 71,456 0 0
Novartis AG (ADR) SPONSORED ADR 66987V109 18,429,772 133,675 SH SOLE 133,675 0 0
Oracle Corp. COM 68389X105 18,200,501 93,379 SH SOLE 93,379 0 0
Pepsico Inc. COM 713448108 12,956,007 89,380 SH SOLE 89,380 0 0
Visa Inc. Cl. A COM CL A 92826C839 24,712,429 70,464 SH SOLE 70,464 0 0
Wal-Mart Inc. COM 931142103 37,572,822 336,535 SH SOLE 336,535 0 0
Becton Dickinson & Co. COM 075887109 8,687,155 44,763 SH SOLE 44,763 0 0
Diageo PLC Sponsored ADR SPON ADR NEW 25243Q205 2,769,871 32,107 SH SOLE 32,107 0 0
Comcast Corp. CL A 20030N101 4,952,504 165,691 SH SOLE 165,691 0 0
Bank of Nova Scotia COM 064149107 14,783,392 200,326 SH SOLE 200,326 0 0
Canadian National Railway COM 136375102 14,245,643 143,951 SH SOLE 143,951 0 0
Canadian Pacific Kansas City COM 13646K108 9,734,963 132,151 SH SOLE 132,151 0 0
Fortis Inc. COM 349553107 10,753,092 206,705 SH SOLE 206,705 0 0
Royal Bank of Canada COM 780087102 33,550,103 196,684 SH SOLE 196,684 0 0
TC Energy Corp. COM 87807B107 14,663,167 263,170 SH SOLE 263,170 0 0
Toronto Dominion Bank COM NEW 891160509 22,344,823 236,946 SH SOLE 236,946 0 0