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 8,248,864 41,600 SH SOLE 41,600 0 0
Alphabet Inc. Class A CAP STK CL A 02079K305 31,285,090 108,795 SH SOLE 108,795 0 0
Alphabet Inc. Class C CAP STK CL C 02079K107 273,951 955 SH SOLE 955 0 0
American Express COM 025816109 27,002,995 89,272 SH SOLE 89,272 0 0
Apple Inc. COM 037833100 19,589,543 77,188 SH SOLE 77,188 0 0
Becton Dickinson & Co. COM 075887109 13,878,378 88,268 SH SOLE 88,268 0 0
Berkshire Hathaway B CL B NEW 084670702 19,532,671 40,761 SH SOLE 40,761 0 0
Costco Wholesale Corp. COM 22160K105 5,560,079 5,580 SH SOLE 5,580 0 0
Eaton Corp. PLC SHS G29183103 5,737,027 16,040 SH SOLE 16,040 0 0
Microsoft Corp. COM 594918104 26,924,685 72,736 SH SOLE 72,736 0 0
Moody's Corp. COM 615369105 4,558,813 10,450 SH SOLE 10,450 0 0
Novartis AG (ADR) SPONSORED ADR 66987V109 20,715,955 135,620 SH SOLE 135,620 0 0
Oracle Corp. COM 68389X105 13,895,128 94,454 SH SOLE 94,454 0 0
Pepsico Inc. COM 713448108 14,068,498 90,595 SH SOLE 90,595 0 0
Visa Inc. Cl. A COM CL A 92826C839 21,631,015 71,569 SH SOLE 71,569 0 0
Wal-Mart Inc. COM 931142103 36,874,111 296,115 SH SOLE 296,115 0 0
Waters Corp COM 941848103 3,474,730 11,668 SH SOLE 11,668 0 0
Bank of Nova Scotia COM 064149107 14,198,911 205,396 SH SOLE 205,396 0 0
Canadian National Railway COM 136375102 15,002,474 146,221 SH SOLE 146,221 0 0
Canadian Pacific Kansas City COM 13646K108 10,555,261 134,556 SH SOLE 134,556 0 0
Fortis Inc. COM 349553107 17,318,372 311,400 SH SOLE 311,400 0 0
Royal Bank of Canada COM 780087102 32,283,983 200,339 SH SOLE 200,339 0 0
TC Energy Corp. COM 87807B107 22,626,357 358,860 SH SOLE 358,860 0 0
Toronto Dominion Bank COM NEW 891160509 22,521,206 241,905 SH SOLE 241,905 0 0