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
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
Alibaba Group Holding Ltd SPN ADS 8 ORD SHS 01609W102 19,052 238,000 SH   SOLE   238,000 0 0
Becton Dickinson and Co Common 075887109 32,555 146,100 SH   SOLE   146,100 0 0
Charter Communications Inc CL A 16119P108 34,703 114,400 SH   SOLE   114,400 0 0
Ecolab Inc Common 278865100 20,749 143,610 SH   SOLE   143,610 0 0
Fastenal Co Common 311900104 41,439 900,056 SH   SOLE   900,056 0 0
Fortis Inc Common 349553107 16,469 431,700 SH   SOLE   431,700 0 0
Microsoft Corp Common 594918104 62,106 266,767 SH   SOLE   266,767 0 0
Moody's Corp Common 615369105 24,642 101,300 SH   SOLE   101,300 0 0
Oracle Corp Common 68389X105 57,037 933,500 SH   SOLE   933,500 0 0
Philip Morris International Inc Common 718172109 48,752 586,813 SH   SOLE   586,813 0 0
Texas Instruments Inc Common 882508104 62,067 401,000 SH   SOLE   401,000 0 0
Thermo Fisher Scientific Inc Common 883556102 50,880 100,267 SH   SOLE   100,267 0 0
Watsco Inc Common 942622200 69,223 268,784 SH   SOLE   268,784 0 0