# EDGAR Filing Document

**Accession Number:** 0002110721
**File Stem:** 0002110721-26-000003
**Filing Date:** 2026-5
**Character Count:** 16979
**Document Hash:** f9b62e0b26d7ecabeaae75f410d8cc29
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002110721-26-000003.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0002110721-26-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**EFFECTIVENESS DATE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BCV Asset Management Inc.
- **CENTRAL INDEX KEY:** 0002110721

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 0930
- **LEGAL ENTITY IDENTIFIER:** 254900MNDE8F9VFJ9X38

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26595
- **FILM NUMBER:** 26959954

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT 1 - 220 NEWMARKET BLVD.
- **CITY:** WINNIPEG
- **PROVINCE COUNTRY:** A2
- **ZIP:** R3T 6G7
- **BUSINESS PHONE:** 204-284-2583

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT 1 - 220 NEWMARKET BLVD.
- **CITY:** WINNIPEG
- **PROVINCE COUNTRY:** A2
- **ZIP:** R3T 6G7

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BCV Asset Management Inc.<br>**Address:** UNIT 1 - 220 NEWMARKET BLVD.<br>WINNIPEG, A2 R3T 6G7

**Form 13F File Number:** 028-26595

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Dale Hawthorn<br>**Title:** President  Co-Chief Executive Officer<br>**Phone:** 204-284-2583

**Signature, Place, and Date of Signing:**

/s/Dale Hawthorn  Winnipeg, A2  05-08-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 120

**Form 13F Information Table Value Total:** $2907276027

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 72894980 | 335274 | SH |  | SOLE |  | 335274 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 41303699 | 208310 | SH |  | SOLE |  | 208310 | 0 | 0 |
| ACHIEVE LIFE SCIENCE INC | COM | 004468500 | BBG001S8JF14 | 77510 | 26365 | SH |  | SOLE |  | 26365 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 214203 | 1053 | SH |  | SOLE |  | 1053 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 14423257 | 71288 | SH |  | SOLE |  | 71288 | 0 | 0 |
| ALGONQUIN POWER  UTILITIES | COM | 015857105 | BBG001S8LHC5 | 615207 | 100769 | SH |  | SOLE |  | 100769 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 116636988 | 405898 | SH |  | SOLE |  | 405898 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1269485 | 4446 | SH |  | SOLE |  | 4446 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 18181838 | 87342 | SH |  | SOLE |  | 87342 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 2534673 | 8380 | SH |  | SOLE |  | 8380 | 0 | 0 |
| AMERICAS GOLD AND SILVER COR | COM NEW | 03062D803 | BBG001SCXBR0 | 127975 | 24600 | SH |  | SOLE |  | 24600 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 2997081 | 9426 | SH |  | SOLE |  | 9426 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 6209294 | 24504 | SH |  | SOLE |  | 24504 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 73529343 | 215189 | SH |  | SOLE |  | 215189 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 53194222 | 40278 | SH |  | SOLE |  | 40278 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 | BBG001S5NZM8 | 30911289 | 179155 | SH |  | SOLE |  | 179155 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 | BBG001SB2HG5 | 4383235 | 10322 | SH |  | SOLE |  | 10322 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 42485582 | 871905 | SH |  | SOLE |  | 871905 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 | BBG001S5Y203 | 88507032 | 655741 | SH |  | SOLE |  | 655741 | 0 | 0 |
| BANK NOVA SCOTIA B C | COM | 064149107 | BBG001S5Y2B1 | 47673598 | 690268 | SH |  | SOLE |  | 690268 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG001S5N9P3 | 5209813 | 127921 | SH |  | SOLE |  | 127921 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 | BBG001S5P2C0 | 3361272 | 133557 | SH |  | SOLE |  | 133557 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 718109 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 24953584 | 52078 | SH |  | SOLE |  | 52078 | 0 | 0 |
| BEST BUY INC | COM | 086516101 | BBG001S5P285 | 295307 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 7443104 | 1768 | SH |  | SOLE |  | 1768 | 0 | 0 |
| BOYD GROUP SERVICES INC | COM | 103310108 | BBG001SFTY52 | 37960529 | 298328 | SH |  | SOLE |  | 298328 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 | BBG019Z17GF9 | 1216754 | 27456 | SH |  | SOLE |  | 27456 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | BBG001SF86D7 | 150329129 | 3722896 | SH |  | SOLE |  | 3722896 | 0 | 0 |
| BROOKFIELD RENEWABLE ENERGY | PARTNERSHIP UNIT | G16258108 | BBG001SDHPH6 | 1946851 | 60718 | SH |  | SOLE |  | 60718 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 | BBG001S5YBB1 | 76817610 | 813623 | SH |  | SOLE |  | 813623 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 | BBG001S5YC56 | 82188497 | 1689724 | SH |  | SOLE |  | 1689724 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 31453666 | 306755 | SH |  | SOLE |  | 306755 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | BBG001S7F4Z8 | 88026486 | 1122468 | SH |  | SOLE |  | 1122468 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 | BBG001T2PJV8 | 5447067 | 205995 | SH |  | SOLE |  | 205995 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 | BBG001S67ZC5 | 10059138 | 48621 | SH |  | SOLE |  | 48621 | 0 | 0 |
| CINGULATE INC | COM | 17248W303 | BBG012G40NT6 | 317938 | 51200 | SH |  | SOLE |  | 51200 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 1725460 | 22240 | SH |  | SOLE |  | 22240 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 7666361 | 27456 | SH |  | SOLE |  | 27456 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | BBG001S9KRQ7 | 714481 | 717 | SH |  | SOLE |  | 717 | 0 | 0 |
| CRH PLC | ORD | G25508105 | BBG001S61NK9 | 18245525 | 173576 | SH |  | SOLE |  | 173576 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 4154249 | 57845 | SH |  | SOLE |  | 57845 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 1306964 | 9525 | SH |  | SOLE |  | 9525 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 | BBG001S5QGT0 | 35782489 | 188852 | SH |  | SOLE |  | 188852 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 62794764 | 111501 | SH |  | SOLE |  | 111501 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 | BBG001S9ZPX7 | 95735 | 27100 | SH |  | SOLE |  | 27100 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 7935971 | 82345 | SH |  | SOLE |  | 82345 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 76262977 | 82923 | SH |  | SOLE |  | 82923 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 16004396 | 21678 | SH |  | SOLE |  | 21678 | 0 | 0 |
| EMERA INC | COM | 290876101 | BBG001S8TF95 | 408505 | 7908 | SH |  | SOLE |  | 7908 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 5667235 | 104838 | SH |  | SOLE |  | 104838 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 947398 | 2660 | SH |  | SOLE |  | 2660 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD786 | 18161502 | 77864 | SH |  | SOLE |  | 77864 | 0 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 | BBG0093LLBP5 | 69842905 | 504115 | SH |  | SOLE |  | 504115 | 0 | 0 |
| FORTIS INC | COM | 349553107 | BBG001S5YVM5 | 6120866 | 110064 | SH |  | SOLE |  | 110064 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 881880 | 2570 | SH |  | SOLE |  | 2570 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 | BBG001S7JJL6 | 82960948 | 1494591 | SH |  | SOLE |  | 1494591 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 211488 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| GOSSAMER BIO INC | COM | 38341P102 | BBG00MVWLMC1 | 35037 | 106500 | SH |  | SOLE |  | 106500 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG001T8NTY2 | 58019214 | 122609 | SH |  | SOLE |  | 122609 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 274401 | 840 | SH |  | SOLE |  | 840 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 315298 | 1395 | SH |  | SOLE |  | 1395 | 0 | 0 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 68947270 | 397685 | SH |  | SOLE |  | 397685 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 | BBG001S5T1N6 | 440895 | 3393 | SH |  | SOLE |  | 3393 | 0 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 | BBG001S8SYQ6 | 1699057 | 23340 | SH |  | SOLE |  | 23340 | 0 | 0 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 | BBG001T3YV58 | 414267 | 6438 | SH |  | SOLE |  | 6438 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 327458 | 3481 | SH |  | SOLE |  | 3481 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 | BBG001SQZT52 | 379930 | 7223 | SH |  | SOLE |  | 7223 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 399153 | 1633 | SH |  | SOLE |  | 1633 | 0 | 0 |
| JOHNSON CONTROLS INTERNATION | SHS | G51502105 | BBG001S5WZ84 | 206237 | 1575 | SH |  | SOLE |  | 1575 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 2053062 | 6982 | SH |  | SOLE |  | 6982 | 0 | 0 |
| LEXARIA BIOSCIENCE CORP | COM NEW | 52886N406 | BBG001SBJ1Q1 | 7800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 | BBG001S5SY91 | 53660928 | 964056 | SH |  | SOLE |  | 964056 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 | BBG001S76KD6 | 3424776 | 100477 | SH |  | SOLE |  | 100477 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 | BBG001S9ZK95 | 6012832 | 3142 | SH |  | SOLE |  | 3142 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ162 | 53160356 | 536769 | SH |  | SOLE |  | 536769 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 83187271 | 224856 | SH |  | SOLE |  | 224856 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 | BBG001SKBQ20 | 4923766 | 36942 | SH |  | SOLE |  | 36942 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 62879957 | 677050 | SH |  | SOLE |  | 677050 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | BBG00JM9SM69 | 236826 | 3148 | SH |  | SOLE |  | 3148 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1902142 | 10955 | SH |  | SOLE |  | 10955 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 | BBG001S6WQT9 | 14680218 | 75137 | SH |  | SOLE |  | 75137 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 | BBG001SBS5H2 | 287553 | 12945 | SH |  | SOLE |  | 12945 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 206386 | 1403 | SH |  | SOLE |  | 1403 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60LN7 | 9533620 | 123691 | SH |  | SOLE |  | 123691 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 | BBG001SQ7PD2 | 11522870 | 106485 | SH |  | SOLE |  | 106485 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 | BBG001SB0CJ5 | 71056281 | 1592388 | SH |  | SOLE |  | 1592388 | 0 | 0 |
| PHOTRONICS INC | COM | 719405102 | BBG001S5V7C2 | 541471 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 20866490 | 157889 | SH |  | SOLE |  | 157889 | 0 | 0 |
| QUANTUM EMOTION CORP | COM | 74767K103 | BBG001T2ND52 | 39763 | 17450 | SH |  | SOLE |  | 17450 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 | BBG001S60869 | 127992321 | 794717 | SH |  | SOLE |  | 794717 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 1098679 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 | BBG001S7TCZ5 | 515442 | 3878 | SH |  | SOLE |  | 3878 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 352451 | 3790 | SH |  | SOLE |  | 3790 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 | BBG01N6BVR30 | 4470633 | 133672 | SH |  | SOLE |  | 133672 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 423817 | 985 | SH |  | SOLE |  | 985 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 | BBG001T96GD0 | 1162847 | 47750 | SH |  | SOLE |  | 47750 | 0 | 0 |
| STANTEC INC | COM | 85472N109 | BBG001S6JJQ3 | 88675759 | 1029411 | SH |  | SOLE |  | 1029411 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 | BBG001S7XWH6 | 54929833 | 879984 | SH |  | SOLE |  | 879984 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 31858231 | 483208 | SH |  | SOLE |  | 483208 | 0 | 0 |
| SUNOCOCORP LLC | COM SHS LLC | 86765Q106 | BBG01Y78HDR3 | 76671156 | 1243518 | SH |  | SOLE |  | 1243518 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG001S5VTR8 | 14074009 | 35500 | SH |  | SOLE |  | 35500 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 | BBG001S5WW27 | 5279702 | 84495 | SH |  | SOLE |  | 84495 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 | BBG001S60K53 | 1055355 | 82372 | SH |  | SOLE |  | 82372 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 60526730 | 311934 | SH |  | SOLE |  | 311934 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 18252424 | 37136 | SH |  | SOLE |  | 37136 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 | BBG001S5WSW3 | 38443338 | 427356 | SH |  | SOLE |  | 427356 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 26373747 | 165152 | SH |  | SOLE |  | 165152 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 | BBG001S60L15 | 7344370 | 78917 | SH |  | SOLE |  | 78917 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 451310 | 1083 | SH |  | SOLE |  | 1083 | 0 | 0 |
| TRANSFORCE INC | COM | 87241L109 | BBG001SCQG15 | 832041 | 7996 | SH |  | SOLE |  | 7996 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 68673309 | 283070 | SH |  | SOLE |  | 283070 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 42011279 | 155355 | SH |  | SOLE |  | 155355 | 0 | 0 |
| VILLAGE FARMS INTL INC | COM | 92707Y108 | BBG001S5VXJ8 | 37912 | 13350 | SH |  | SOLE |  | 13350 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 61789718 | 204487 | SH |  | SOLE |  | 204487 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 3036133 | 20198 | SH |  | SOLE |  | 20198 | 0 | 0 |
| VODAFONE GROUP PLC | SPONSORED ADR | 92857W308 | BBG001S6MDB8 | 2206058 | 146881 | SH |  | SOLE |  | 146881 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG001SKJ4K1 | 72921216 | 450464 | SH |  | SOLE |  | 450464 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 | BBG001S5XF23 | 330765 | 4155 | SH |  | SOLE |  | 4155 | 0 | 0 |
| ZENTEK LTD | COM | 98942X102 | BBG001TFBYY8 | 35413 | 70600 | SH |  | SOLE |  | 70600 | 0 | 0 |

---