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
ALGONQUIN POWER & UTILITIES COM 015857105 1,025,500 175,000 SH SOLE 0 175,000 0
BCE INC COM 05534B760 137,664 6,400 SH SOLE 6,400 0 0
BANK NOVA SCOTIA B C COM 064149107 4,863,040 56,000 SH SOLE 0 56,000 0
NUTRIEN LTD COM 67077M108 2,832,750 45,000 SH SOLE 0 45,000 0
OVINTIV INC COM 69047Q102 157,950 3,000 SH SOLE 3,000 0 0
BIOGEN INC COM 09062X103 540,150 2,500 SH SOLE 0 2,500 0
CITIGROUP INC COM 172967424 1,889,460 13,500 SH SOLE 13,500 0 0
BOEING CO COM 097023105 8,117,625 37,500 SH SOLE 0 37,500 0
MERCK & CO INC COM 58933Y105 4,176,250 32,500 SH SOLE 2,500 30,000 0
FEDEX CORP COM 31428X106 28,181,700 90,000 SH SOLE 0 90,000 0
ORGANON & CO COMMON STOCK 68622V106 16,925 1,250 SH SOLE 250 1,000 0
FEDEX FGHT HLDG CO INC COMMON STOCK 314352105 6,795,000 45,000 SH SOLE 0 45,000 0
PFIZER INC COM 717081103 842,800 35,000 SH SOLE 10,000 25,000 0
GE AEROSPACE COM 369604301 1,868,650 5,000 SH SOLE 0 5,000 0
VIATRIS INC COM 92556V106 68,935 4,341 SH SOLE 1,240 3,101 0
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 106,641 1,666 SH SOLE 0 1,666 0
GE VERNOVA INC COM 36828A101 1,468,575 1,250 SH SOLE 0 1,250 0
JPMORGAN CHASE & CO COM 46625H100 40,916,250 125,000 SH SOLE 0 125,000 0
SOLVENTUM CORP COM SHS 83444M101 482,188 6,250 SH SOLE 0 6,250 0
VERTEX INC CL A 92538J106 344,400 30,000 SH SOLE 0 30,000 0
WABTEC COM 929740108 57,694 214 SH SOLE 0 214 0
WELLS FARGO & CO COM 949746101 8,677,200 105,000 SH SOLE 0 105,000 0
SPACE EXPLORATION TECHN CORP CLASS A COM STK 84615Q103 854,300 5,000 SH SOLE 0 5,000 0
ROYAL BK CDA COM 780087102 4,139,400 20,000 SH SOLE 0 20,000 0
TELUS CORPORATION COM 87971M103 2,114,000 200,000 SH SOLE 0 200,000 0
TORONTO DOMINION BK ONT COM 891160509 9,107,250 75,000 SH SOLE 0 75,000 0
AMAZON COM INC COM 023135106 8,341,900 35,000 SH SOLE 0 35,000 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 5,003,900 10,000 SH SOLE 0 10,000 0
BOSTON SCIENTIFIC CORP COM 101137107 33,290,400 780,000 SH SOLE 0 780,000 0
CATERPILLAR INC COM 149123101 10,649,000 10,000 SH SOLE 0 10,000 0
EXXON MOBIL CORP COM 30231G102 1,367,200 10,000 SH SOLE 0 10,000 0
GOLDMAN SACHS GROUP INC COM 38141G104 25,284,250 25,000 SH SOLE 0 25,000 0
NIKE INC CL B 654106103 2,257,750 55,000 SH SOLE 0 55,000 0
NOVO-NORDISK A S ADR 670100205 2,876,400 60,000 SH SOLE 0 60,000 0
NU HLDGS LTD ORD SHS CL A G6683N103 334,000 25,000 SH SOLE 0 25,000 0
RELX PLC SPONSORED ADR 759530108 791,750 25,000 SH SOLE 0 25,000 0
SHAKE SHACK INC CL A 819047101 1,960,700 35,000 SH SOLE 0 35,000 0
TARGET CORP COM 87612E106 3,265,250 25,000 SH SOLE 0 25,000 0
TPG INC COM CL A 872657101 1,013,750 25,000 SH SOLE 0 25,000 0
UNITED PARCEL SVCS INC CL B 911312106 4,837,500 45,000 SH SOLE 0 45,000 0
WALMART INC COM 931142103 1,132,600 10,000 SH SOLE 0 10,000 0
DISNEY WALT CO COM 254687106 1,925,000 20,000 SH SOLE 0 20,000 0
3M CO COM 88579Y101 4,047,750 25,000 SH SOLE 0 25,000 0
AGILENT TECHNOLOGIES INC COM 00846U101 26,566,000 200,000 SH SOLE 0 200,000 0
ALCON AG ORD SHS H01301128 12,648,350 188,500 SH SOLE 0 188,500 0
ALLEGION PLC ORD SHS G0176J109 10,255,770 73,000 SH SOLE 0 73,000 0
STRYKER CORPORATION COM 863667101 13,128,828 41,700 SH SOLE 0 41,700 0
THERMO FISHER SCIENTIFIC INC COM 883556102 21,057,120 42,000 SH SOLE 0 42,000 0
UNION PAC CORP COM 907818108 6,718,400 24,700 SH SOLE 0 24,700 0
THOMSON REUTERS CORP COM 884903881 80,718,463 988,349 SH SOLE 322,700 665,649 0