#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ALPHABET INC	GOOG	4,452,821	$1.39B	7.06%
2	TAIWAN SEMICONDUCTOR MFG LTD	874039100	4,359,711	$1.32B	6.71%
3	MICROSOFT CORP	MSFT	2,434,937	$1.18B	5.96%
4	MOODYS CORP	MCO	1,745,302	$891.6M	4.51%
5	ROYAL BK CDA	780087102	4,539,315	$774.1M	3.92%
6	MASTERCARD INCORPORATED	MA	1,239,566	$707.6M	3.58%
7	AUTOZONE INC	AZO	196,921	$667.9M	3.38%
8	CANADIAN NATL RY CO	136375102	5,849,169	$578.7M	2.93%
9	TJX COS INC NEW	872540109	3,713,882	$570.5M	2.89%
10	CME GROUP INC	CME	1,978,368	$540.3M	2.74%
11	BANK MONTREAL QUE	063671101	3,981,598	$517.3M	2.62%
12	CGI INC	GIB	5,394,446	$498.4M	2.52%
13	WASTE CONNECTIONS INC	WCN	2,764,876	$485.1M	2.46%
14	RESTAURANT BRANDS INTL INC	76131D103	6,835,522	$466.6M	2.36%
15	CANADIAN PACIFIC KANSAS CITY	CP	6,206,969	$457.1M	2.31%
16	RB GLOBAL INC	RBA	4,157,985	$428.2M	2.17%
17	SHERWIN WILLIAMS CO	SHW	1,318,092	$427.1M	2.16%
18	INVESCO QQQ TR	IVZ	679,301	$417.3M	2.11%
19	MSCI INC	MSCI	704,317	$404.1M	2.05%
20	JOHNSON & JOHNSON	JNJ	1,762,014	$364.6M	1.85%