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
3M ORD COMMON 88579Y101 34,163,010 211,000 SH SOLE 211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 21,577,972 237,800 SH SOLE 237,800 0 0
ABBVIE ORD COMMON 00287Y109 142,629,552 566,800 SH SOLE 566,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 42,060,720 338,000 SH SOLE 338,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 42,774,962 145,900 SH SOLE 145,900 0 0
AMERICAN TOWER REIT COMMON 03027X100 32,978,820 201,619 SH SOLE 201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 177,086,188 445,870 SH SOLE 445,870 0 0
APPLE ORD COMMON 037833100 809,344,550 2,797,016 SH SOLE 2,797,016 0 0
ARES MANAGEMENT CL A ORD COMMON 03990B101 39,309,572 353,154 SH SOLE 353,154 0 0
ARTHUR J GALLAGHER ORD COMMON 363576109 53,319,699 232,259 SH SOLE 232,259 0 0
AT&T ORD COMMON 00206R102 11,012,400 532,000 SH SOLE 532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 52,124,363 232,750 SH SOLE 232,750 0 0
BLACKROCK ORD COMMON 09290D101 27,735,237 28,844 SH SOLE 28,844 0 0
BROADCOM ORD COMMON 11135F101 397,037,915 1,051,060 SH SOLE 1,051,060 0 0
CHEVRON ORD COMMON 166764100 5,824,641 35,139 SH SOLE 35,139 0 0
CISCO SYSTEMS ORD COMMON 17275R102 299,111,890 2,546,500 SH SOLE 2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 221,271,660 1,002,000 SH SOLE 1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 19,066,758 776,650 SH SOLE 776,650 0 0
DOLLAR GENERAL ORD COMMON 256677105 24,173,100 210,000 SH SOLE 210,000 0 0
DOVER ORD COMMON 260003108 189,202,608 843,600 SH SOLE 843,600 0 0
DUKE ENERGY ORD COMMON 26441C204 4,909,279 38,784 SH SOLE 38,784 0 0
ENBRIDGE ORD COMMON 29250N105 10,073,736 185,828 SH SOLE 185,828 0 0
HASBRO ORD COMMON 418056107 21,522,954 260,600 SH SOLE 260,600 0 0
HOME DEPOT ORD COMMON 437076102 150,260,725 426,054 SH SOLE 426,054 0 0
HONEYWELL AEROSPACE ORD COMMON 43849R105 92,577,250 418,750 SH SOLE 418,750 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516205 93,758,125 418,750 SH SOLE 418,750 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 51,047,970 201,000 SH SOLE 201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 29,459,700 90,000 SH SOLE 90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 6,422,826 121,991 SH SOLE 121,991 0 0
MARSH ORD COMMON 571748102 42,484,183 254,900 SH SOLE 254,900 0 0
MCDONALD'S ORD COMMON 580135101 121,001,028 447,638 SH SOLE 447,638 0 0
MICROCHIP TECHNOLOGY ORD COMMON 595017104 98,611,550 1,081,267 SH SOLE 1,081,267 0 0
MICROSOFT ORD COMMON 594918104 183,208,773 491,150 SH SOLE 491,150 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 83,752,320 1,448,000 SH SOLE 1,448,000 0 0
NATIONAL STORAGE AFFILIATES ORD COMMON 637870106 3,647,874 82,030 SH SOLE 82,030 0 0
NEXTERA ENERGY ORD COMMON 65339F101 7,548,220 86,000 SH SOLE 86,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 180,664,947 574,287 SH SOLE 574,287 0 0
OWENS CORNIING ORD COMMON 690742101 33,222,640 209,000 SH SOLE 209,000 0 0
PEPSICO ORD COMMON 713448108 17,263,500 127,500 SH SOLE 127,500 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 199,308,547 1,101,700 SH SOLE 1,101,700 0 0
PINNACLE WEST ORD COMMON 723484101 78,052,220 729,460 SH SOLE 729,460 0 0
PROCTER & GAMBLE ORD COMMON 742718109 7,317,336 49,900 SH SOLE 49,900 0 0
PROLOGIS REIT COMMON 74340W103 79,927,300 590,000 SH SOLE 590,000 0 0
QUALCOMM ORD COMMON 747525103 176,936,425 957,500 SH SOLE 957,500 0 0
RPM ORD COMMON 749685103 91,668,184 824,725 SH SOLE 824,725 0 0
RTX ORD COMMON 75513E101 13,470,830 71,000 SH SOLE 71,000 0 0
SNAP ON ORD COMMON 833034101 135,513,834 336,764 SH SOLE 336,764 0 0
SOUTHSTATE BANK ORD COMMON 84472E102 20,021,858 200,419 SH SOLE 200,419 0 0
THERMO FISHER SCIENTIFIC ORD COMMON 883556102 42,968,056 85,703 SH SOLE 85,703 0 0
TJX ORD COMMON 872540109 131,274,750 866,500 SH SOLE 866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 194,856,488 468,822 SH SOLE 468,822 0 0
US BANCORP ORD COMMON 902973304 14,329,175 237,238 SH SOLE 237,238 0 0
VALERO ENERGY ORD COMMON 91913Y100 134,032,842 514,640 SH SOLE 514,640 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 20,606,878 486,700 SH SOLE 486,700 0 0
WESTERN ALLIANCE ORD COMMON 957638109 4,110,000 50,000 SH SOLE 50,000 0 0
XYLEM ORD COMMON 98419M100 14,563,472 123,200 SH SOLE 123,200 0 0