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 34,635,650 211,000 SH SOLE 211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 23,501,774 237,800 SH SOLE 237,800 0 0
ABBVIE ORD COMMON 00287Y109 148,269,212 566,800 SH SOLE 566,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 61,979,060 338,000 SH SOLE 338,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 40,593,757 145,900 SH SOLE 145,900 0 0
ALPHABET CL A ORD COMMON 02079K305 1,032,240 3,000 SH SOLE 3,000 0 0
AMERICAN TOWER REIT COMMON 03027X100 33,003,014 201,619 SH SOLE 201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 176,881,088 445,870 SH SOLE 445,870 0 0
APPLE ORD COMMON 037833100 931,462,268 2,797,016 SH SOLE 2,797,016 0 0
ARES MANAGEMENT CL A ORD COMMON 03990B101 41,025,900 353,154 SH SOLE 353,154 0 0
ARTHUR J GALLAGHER ORD COMMON 363576109 52,980,600 232,259 SH SOLE 232,259 0 0
AT&T ORD COMMON 00206R102 12,980,800 532,000 SH SOLE 532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 60,063,465 232,750 SH SOLE 232,750 0 0
BLACKROCK ORD COMMON 09290D101 30,525,317 28,844 SH SOLE 28,844 0 0
BROADCOM ORD COMMON 11135F101 369,121,761 1,051,060 SH SOLE 1,051,060 0 0
CHEVRON ORD COMMON 166764100 7,175,735 35,139 SH SOLE 35,139 0 0
CISCO SYSTEMS ORD COMMON 17275R102 274,079,795 2,546,500 SH SOLE 2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 262,503,960 1,002,000 SH SOLE 1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 16,899,904 776,650 SH SOLE 776,650 0 0
DOLLAR GENERAL ORD COMMON 256677105 25,111,800 210,000 SH SOLE 210,000 0 0
DOVER ORD COMMON 260003108 157,795,380 843,600 SH SOLE 843,600 0 0
DUKE ENERGY ORD COMMON 26441C204 4,421,764 38,784 SH SOLE 38,784 0 0
ENBRIDGE ORD COMMON 29250N105 8,639,144 185,828 SH SOLE 185,828 0 0
HASBRO ORD COMMON 418056107 22,849,408 260,600 SH SOLE 260,600 0 0
HOME DEPOT ORD COMMON 437076102 121,208,102 426,054 SH SOLE 426,054 0 0
HONEYWELL AEROSPACE ORD COMMON 43849R105 64,893,533 418,749 SH SOLE 418,749 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516205 88,330,914 418,749 SH SOLE 418,749 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 53,212,740 201,000 SH SOLE 201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 29,774,700 90,000 SH SOLE 90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 7,010,823 121,991 SH SOLE 121,991 0 0
MARSH ORD COMMON 571748102 43,519,077 254,900 SH SOLE 254,900 0 0
MCDONALD'S ORD COMMON 580135101 103,377,520 447,638 SH SOLE 447,638 0 0
META PLATFORMS CL A ORD COMMON 30303M102 1,522,878 2,100 SH SOLE 2,100 0 0
MICROCHIP TECHNOLOGY ORD COMMON 595017104 84,090,135 1,081,267 SH SOLE 1,081,267 0 0
MICROSOFT ORD COMMON 594918104 251,910,835 491,150 SH SOLE 491,150 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 83,723,360 1,448,000 SH SOLE 1,448,000 0 0
NEXTERA ENERGY ORD COMMON 65339F101 6,513,640 86,000 SH SOLE 86,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 177,454,683 574,287 SH SOLE 574,287 0 0
OWENS CORNING ORD COMMON 690742101 24,398,660 209,000 SH SOLE 209,000 0 0
PEPSICO ORD COMMON 713448108 16,156,800 127,500 SH SOLE 127,500 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 210,226,394 1,101,700 SH SOLE 1,101,700 0 0
PINNACLE WEST ORD COMMON 723484101 67,868,958 729,460 SH SOLE 729,460 0 0
PROCTER & GAMBLE ORD COMMON 742718109 7,249,472 49,900 SH SOLE 49,900 0 0
PROLOGIS REIT COMMON 74340W103 76,605,600 590,000 SH SOLE 590,000 0 0
QUALCOMM ORD COMMON 747525103 176,218,300 957,500 SH SOLE 957,500 0 0
RPM ORD COMMON 749685103 81,375,616 824,725 SH SOLE 824,725 0 0
RTX ORD COMMON 75513E101 13,181,150 71,000 SH SOLE 71,000 0 0
SNAP ON ORD COMMON 833034101 122,363,199 336,764 SH SOLE 336,764 0 0
SOUTHSTATE BANK ORD COMMON 84472E102 19,953,716 200,419 SH SOLE 200,419 0 0
THERMO FISHER SCIENTIFIC ORD COMMON 883556102 57,853,810 85,703 SH SOLE 85,703 0 0
TJX ORD COMMON 872540109 114,646,615 866,500 SH SOLE 866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 172,095,180 468,822 SH SOLE 468,822 0 0
US BANCORP ORD COMMON 902973304 13,702,867 237,238 SH SOLE 237,238 0 0
VALERO ENERGY ORD COMMON 91913Y100 180,471,991 465,602 SH SOLE 465,602 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 22,324,929 486,700 SH SOLE 486,700 0 0
WESTERN ALLIANCE ORD COMMON 957638109 3,755,000 50,000 SH SOLE 50,000 0 0
XYLEM ORD COMMON 98419M100 29,287,284 289,200 SH SOLE 289,200 0 0