Instuitional Investor - Bli - Banque De Luxembourg Investments

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microsoft Corp	MSFT	507,819	$251,783,316	7.21%
2.	Visa Inc.	V	348,950	$121,616,334	3.48%
3.	Alphabet Inc.	GOOGL	663,530	$118,429,701	3.39%
4.	Mastercard Inc	MA	198,350	$109,128,042	3.13%
5.	Canadian National Railway Co	CNI	907,795	$94,153,743	2.7%