Intact Investment Management 13F-HR Quarterly holdings report by institutional manager

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:	Oct 31, 2018
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 CO	COM	88579Y101	3,740	24,000	SH		SOLE		24,000	0	0
ABBOTT LABS	COM	002824100	1,335	14,600	SH		SOLE		14,600	0	0
ABBVIE INC	COM	00287Y109	8,587	87,500	SH		SOLE		87,500	0	0
ADOBE INC	COM	00724F101	1,653	3,800	SH		SOLE		3,800	0	0
ADVANCE AUTO PARTS INC	COM	00751Y106	655	4,600	SH		SOLE		4,600	0	0
AES CORP	COM	00130H105	2,829	195,400	SH		SOLE		195,400	0	0
AGNICO EAGLE MINES LTD	COM	008474108	2,141	24,700	SH		SOLE		24,700	0	0
AIR PRODS & CHEMS INC	COM	009158106	1,834	7,600	SH		SOLE		7,600	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	503	4,700	SH		SOLE		4,700	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	874	7,800	SH		SOLE		7,800	0	0
ALGONQUIN PWR UTILS CORP	COM	015857105	32,383	1,846,260	SH		SOLE		1,846,260	0	0
ALLSTATE CORP	COM	020002101	970	10,000	SH		SOLE		10,000	0	0
ALPHABET INC	CAP STK CL C	02079K107	283	200	SH		SOLE		200	0	0
ALPHABET INC	CAP STK CL A	02079K305	5,104	3,600	SH		SOLE		3,600	0	0
ALTRIA GROUP INC	COM	02209S103	12,702	323,700	SH		SOLE		323,700	0	0
AMAZON COM INC	COM	023135106	7,166	2,600	SH		SOLE		2,600	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	3,241	40,700	SH		SOLE		40,700	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	680	21,800	SH		SOLE		21,800	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	524	5,200	SH		SOLE		5,200	0	0
AMGEN INC	COM	031162100	11,233	47,700	SH		SOLE		47,700	0	0
APHRIA INC	COM	03765K104	6,350	1,092,900	SH		SOLE		1,092,900	0	0
APPLE INC	COM	037833100	9,115	25,000	SH		SOLE		25,000	0	0
APPLIED MATLS INC	COM	038222105	3,407	56,400	SH		SOLE		56,400	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	3,298	82,700	SH		SOLE		82,700	0	0
AT&T INC	COM	00206R102	14,084	466,500	SH		SOLE		466,500	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,855	25,900	SH		SOLE		25,900	0	0
AVALONBAY CMNTYS INC	COM	053484101	3,758	24,300	SH		SOLE		24,300	0	0
B2GOLD CORP	COM	11777Q209	1,727	224,000	SH		SOLE		224,000	0	0
BAKER HUGHES COMPANY	CL A	05722G100	2,738	177,900	SH		SOLE		177,900	0	0
BANK MONTREAL QUE	COM	063671101	56,391	784,300	SH		SOLE		784,300	0	0
BANK NEW YORK MELLON CORP	COM	064058100	5,260	136,100	SH		SOLE		136,100	0	0
BANK NOVA SCOTIA B C	COM	064149107	60,095	1,074,090	SH		SOLE		1,074,090	0	0
BARRICK GOLD CORPORATION	COM	067901108	23,608	646,800	SH		SOLE		646,800	0	0
BAUSCH HEALTH COS INC	COM	071734107	11,906	483,400	SH		SOLE		483,400	0	0
BAXTER INTL INC	COM	071813109	516	6,000	SH		SOLE		6,000	0	0
BCE INC	COM NEW	05534B760	52,876	934,198	SH		SOLE		934,198	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,659	9,300	SH		SOLE		9,300	0	0
BK OF AMERICA CORP	COM	060505104	9,105	383,700	SH		SOLE		383,700	0	0
BLACKROCK INC	COM	09247X101	1,413	2,600	SH		SOLE		2,600	0	0
BOEING CO	COM	097023105	330	1,800	SH		SOLE		1,800	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	976	27,800	SH		SOLE		27,800	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	7,764	132,100	SH		SOLE		132,100	0	0
BROADCOM INC	COM	11135F101	15,138	48,000	SH		SOLE		48,000	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	57,381	1,287,140	SH		SOLE		1,287,140	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	41,121	739,711	SH		SOLE		739,711	0	0
BROOKFIELD PROPERTY PARTRS L	UNIT LTD PARTN	G16249107	23,426	1,748,190	SH		SOLE		1,748,190	0	0
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	G16258108	11,128	171,700	SH		SOLE		171,700	0	0
BRP INC	COM SUN VTG	05577W200	8,034	139,000	SH		SOLE		139,000	0	0
CANADIAN IMP BK COMM	COM	136069101	57,798	637,100	SH		SOLE		637,100	0	0
CANADIAN NATL RY CO	COM	136375102	77,144	643,083	SH		SOLE		643,083	0	0
CANADIAN NAT RES LTD	COM	136385101	35,705	1,516,150	SH		SOLE		1,516,150	0	0
CANADIAN PAC RY LTD	COM	13645T100	33,086	95,900	SH		SOLE		95,900	0	0
CATERPILLAR INC DEL	COM	149123101	5,093	40,300	SH		SOLE		40,300	0	0
CBOE GLOBAL MARKETS INC	COM	12503M108	205	2,200	SH		SOLE		2,200	0	0
CF INDS HLDGS INC	COM	125269100	2,496	88,700	SH		SOLE		88,700	0	0
CGI INC	CL A SUB VTG	12532H104	20,965	245,496	SH		SOLE		245,496	0	0
CHEVRON CORP NEW	COM	166764100	4,149	46,500	SH		SOLE		46,500	0	0
CIGNA CORP NEW	COM	125523100	937	5,000	SH		SOLE		5,000	0	0
CISCO SYS INC	COM	17275R102	12,359	265,100	SH		SOLE		265,100	0	0
CITIGROUP INC	COM NEW	172967424	7,245	141,800	SH		SOLE		141,800	0	0
CITIZENS FINANCIAL GROUP INC	COM	174610105	3,176	125,900	SH		SOLE		125,900	0	0
CMS ENERGY CORP	COM	125896100	514	8,800	SH		SOLE		8,800	0	0
COCA COLA CO	COM	191216100	14,014	314,000	SH		SOLE		314,000	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	681	12,000	SH		SOLE		12,000	0	0
COLGATE PALMOLIVE CO	COM	194162103	5,925	80,900	SH		SOLE		80,900	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	21,578	278,100	SH		SOLE		278,100	0	0
COMCAST CORP NEW	CL A	20030N101	11,135	285,800	SH		SOLE		285,800	0	0
CONAGRA BRANDS INC	COM	205887102	2,754	78,300	SH		SOLE		78,300	0	0
CONOCOPHILLIPS	COM	20825C104	4,033	96,000	SH		SOLE		96,000	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	523	3,000	SH		SOLE		3,000	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	6,021	36,000	SH		SOLE		36,000	0	0
CVS HEALTH CORP	COM	126650100	9,355	144,100	SH		SOLE		144,100	0	0
DIGITAL RLTY TR INC	COM	253868103	4,931	34,700	SH		SOLE		34,700	0	0
DISCOVER FINL SVCS	COM	254709108	466	9,300	SH		SOLE		9,300	0	0
DISNEY WALT CO	COM DISNEY	254687106	780	7,000	SH		SOLE		7,000	0	0
DOLLAR TREE INC	COM	256746108	612	6,600	SH		SOLE		6,600	0	0
DOMINION ENERGY INC	COM	25746U109	8,306	102,400	SH		SOLE		102,400	0	0
DOVER CORP	COM	260003108	599	6,200	SH		SOLE		6,200	0	0
DOW INC	COM	260557103	4,204	103,200	SH		SOLE		103,200	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,020	25,300	SH		SOLE		25,300	0	0
DUPONT DE NEMOURS INC	COM	26614N102	4,916	92,566	SH		SOLE		92,566	0	0
EASTMAN CHEM CO	COM	277432100	3,350	48,100	SH		SOLE		48,100	0	0
ELDORADO GOLD CORP NEW	COM	284902509	2,609	199,800	SH		SOLE		199,800	0	0
EMERSON ELEC CO	COM	291011104	4,731	76,300	SH		SOLE		76,300	0	0
ENBRIDGE INC	COM	29250N105	132,551	3,212,572	SH		SOLE		3,212,572	0	0
ENERPLUS CORP	COM	292766102	1,824	480,100	SH		SOLE		480,100	0	0
EQUINOX GOLD CORP	COM	29446Y502	8,627	568,700	SH		SOLE		568,700	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	688	11,700	SH		SOLE		11,700	0	0
ESSEX PPTY TR INC	COM	297178105	1,556	6,800	SH		SOLE		6,800	0	0
EXELON CORP	COM	30161N101	5,634	155,300	SH		SOLE		155,300	0	0
EXXON MOBIL CORP	COM	30231G102	7,752	173,500	SH		SOLE		173,500	0	0
FACEBOOK INC	CL A	30303M102	3,406	15,000	SH		SOLE		15,000	0	0
FIRSTENERGY CORP	COM	337932107	4,863	125,400	SH		SOLE		125,400	0	0
FIRST MAJESTIC SILVER CORP	COM	32076V103	3,874	288,900	SH		SOLE		288,900	0	0
FISERV INC	COM	337738108	819	8,400	SH		SOLE		8,400	0	0
FORTIS INC	COM	349553107	13,447	260,700	SH		SOLE		260,700	0	0
FRANCO NEV CORP	COM	351858105	23,164	122,300	SH		SOLE		122,300	0	0
GENERAL DYNAMICS CORP	COM	369550108	5,616	37,600	SH		SOLE		37,600	0	0
GENERAL ELECTRIC CO	COM	369604103	218	32,000	SH		SOLE		32,000	0	0
GENERAL MLS INC	COM	370334104	3,952	64,200	SH		SOLE		64,200	0	0
GENERAL MTRS CO	COM	37045V100	440	17,400	SH		SOLE		17,400	0	0
GILEAD SCIENCES INC	COM	375558103	4,347	56,500	SH		SOLE		56,500	0	0
GLOBAL PMTS INC	COM	37940X102	526	3,100	SH		SOLE		3,100	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	1,659	8,400	SH		SOLE		8,400	0	0
GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	387437114	36,436	522,000	SH		SOLE		522,000	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	608	15,800	SH		SOLE		15,800	0	0
HEALTHPEAK PROPERTIES INC	COM	42250P103	2,073	75,300	SH		SOLE		75,300	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	2,500	256,900	SH		SOLE		256,900	0	0
HOME DEPOT INC	COM	437076102	12,284	49,100	SH		SOLE		49,100	0	0
HONEYWELL INTL INC	COM	438516106	8,127	56,200	SH		SOLE		56,200	0	0
HP INC	COM	40434L105	2,191	125,800	SH		SOLE		125,800	0	0
HUDBAY MINERALS INC	COM	443628102	1,495	364,700	SH		SOLE		364,700	0	0
IMPERIAL OIL LTD	COM NEW	453038408	4,265	195,900	SH		SOLE		195,900	0	0
INTEL CORP	COM	458140100	9,079	151,800	SH		SOLE		151,800	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	870	9,500	SH		SOLE		9,500	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	10,063	83,400	SH		SOLE		83,400	0	0
INTL PAPER CO	COM	460146103	2,528	71,800	SH		SOLE		71,800	0	0
INVITATION HOMES INC	COM	46187W107	1,030	37,400	SH		SOLE		37,400	0	0
JACOBS ENGR GROUP INC	COM	469814107	593	7,000	SH		SOLE		7,000	0	0
JOHNSON CTLS INTL PLC	SHS	G51502105	4,982	146,000	SH		SOLE		146,000	0	0
JOHNSON & JOHNSON	COM	478160104	10,133	72,200	SH		SOLE		72,200	0	0
JPMORGAN CHASE & CO	COM	46625H100	6,973	74,200	SH		SOLE		74,200	0	0
KINROSS GOLD CORP	COM	496902404	22,218	2,271,800	SH		SOLE		2,271,800	0	0
KIRKLAND LAKE GOLD LTD	COM	49741E100	27,742	499,220	SH		SOLE		499,220	0	0
KRAFT HEINZ CO	COM	500754106	2,087	65,500	SH		SOLE		65,500	0	0
KROGER CO	COM	501044101	555	16,400	SH		SOLE		16,400	0	0
LEGGETT & PLATT INC	COM	524660107	3,006	85,600	SH		SOLE		85,600	0	0
LILLY ELI & CO	COM	532457108	2,623	16,000	SH		SOLE		16,000	0	0
LOCKHEED MARTIN CORP	COM	539830109	4,853	13,300	SH		SOLE		13,300	0	0
LOWES COS INC	COM	548661107	4,119	30,500	SH		SOLE		30,500	0	0
MAGNA INTL INC	COM	559222401	8,744	144,920	SH		SOLE		144,920	0	0
MAG SILVER CORP	COM	55903Q104	7,091	372,800	SH		SOLE		372,800	0	0
MANULIFE FINL CORP	COM	56501R106	85,463	4,632,125	SH		SOLE		4,632,125	0	0
MARATHON PETE CORP	COM	56585A102	2,847	76,200	SH		SOLE		76,200	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	1,507	5,100	SH		SOLE		5,100	0	0
MCDONALDS CORP	COM	580135101	9,858	53,500	SH		SOLE		53,500	0	0
MEDTRONIC PLC	SHS	G5960L103	7,913	86,400	SH		SOLE		86,400	0	0
MERCK & CO. INC	COM	58933Y105	16,380	211,900	SH		SOLE		211,900	0	0
METHANEX CORP	COM	59151K108	10,992	450,300	SH		SOLE		450,300	0	0
METLIFE INC	COM	59156R108	497	13,600	SH		SOLE		13,600	0	0
MICRON TECHNOLOGY INC	COM	595112103	875	17,000	SH		SOLE		17,000	0	0
MICROSOFT CORP	COM	594918104	9,257	45,500	SH		SOLE		45,500	0	0
MONDELEZ INTL INC	CL A	609207105	6,372	124,700	SH		SOLE		124,700	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	499	7,200	SH		SOLE		7,200	0	0
MORGAN STANLEY	COM NEW	617446448	6,009	124,400	SH		SOLE		124,400	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	2,929	20,900	SH		SOLE		20,900	0	0
MYLAN NV	SHS EURO	N59465109	634	39,400	SH		SOLE		39,400	0	0
NETFLIX INC	COM	64110L106	910	2,000	SH		SOLE		2,000	0	0
NEW GOLD INC CDA	COM	644535106	5,335	2,915,200	SH		SOLE		2,915,200	0	0
NEXGEN ENERGY LTD	COM	65340P106	1,762	1,007,100	SH		SOLE		1,007,100	0	0
NEXTERA ENERGY INC	COM	65339F101	3,193	13,300	SH		SOLE		13,300	0	0
NIKE INC	CL B	654106103	294	3,000	SH		SOLE		3,000	0	0
NORBORD INC	COM NEW	65548P403	8,628	280,779	SH		SOLE		280,779	0	0
NORFOLK SOUTHERN CORP	COM	655844108	2,177	12,400	SH		SOLE		12,400	0	0
NORTH AMERN CONSTR GROUP LTD	COM	656811106	4,645	549,067	SH		SOLE		549,067	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,015	3,300	SH		SOLE		3,300	0	0
NRG ENERGY INC	COM NEW	629377508	2,139	65,700	SH		SOLE		65,700	0	0
NUTRIEN LTD	COM	67077M108	35,878	823,657	SH		SOLE		823,657	0	0
NVIDIA CORPORATION	COM	67066G104	1,935	5,100	SH		SOLE		5,100	0	0
OPEN TEXT CORP	COM	683715106	10,299	178,840	SH		SOLE		178,840	0	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	12,538	932,200	SH		SOLE		932,200	0	0
PAYPAL HLDGS INC	COM	70450Y103	1,515	8,700	SH		SOLE		8,700	0	0
PEMBINA PIPELINE CORP	COM	706327103	81,222	2,399,463	SH		SOLE		2,399,463	0	0
PEPSICO INC	COM	713448108	6,556	49,600	SH		SOLE		49,600	0	0
PFIZER INC	COM	717081103	15,135	463,000	SH		SOLE		463,000	0	0
PHILIP MORRIS INTL INC	COM	718172109	8,469	121,000	SH		SOLE		121,000	0	0
POINTS INTL LTD	COM NEW	730843208	1,465	119,100	SH		SOLE		119,100	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	966	956,200	SH		SOLE		956,200	0	0
PRIMO WATER CORPORATION	COM	74167P108	10,135	549,000	SH		SOLE		549,000	0	0
PROCTER AND GAMBLE CO	COM	742718109	14,634	122,500	SH		SOLE		122,500	0	0
PROLOGIS INC.	COM	74340W103	1,353	14,500	SH		SOLE		14,500	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	3,445	70,100	SH		SOLE		70,100	0	0
QUALCOMM INC	COM	747525103	9,518	104,400	SH		SOLE		104,400	0	0
QUANTA SVCS INC	COM	74762E102	569	14,500	SH		SOLE		14,500	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	3,536	57,435	SH		SOLE		57,435	0	0
REGENCY CTRS CORP	COM	758849103	1,857	40,500	SH		SOLE		40,500	0	0
REPUBLIC SVCS INC	COM	760759100	919	11,200	SH		SOLE		11,200	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	51,656	699,191	SH		SOLE		699,191	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	12,854	235,630	SH		SOLE		235,630	0	0
ROYAL BK CDA	COM	780087102	147,189	1,599,703	SH		SOLE		1,599,703	0	0
SALESFORCE COM INC	COM	79466L302	1,500	8,000	SH		SOLE		8,000	0	0
SEALED AIR CORP NEW	COM	81211K100	434	13,200	SH		SOLE		13,200	0	0
SEMPRA ENERGY	COM	816851109	4,851	41,400	SH		SOLE		41,400	0	0
SERVICENOW INC	COM	81762P102	1,012	2,500	SH		SOLE		2,500	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	63,460	2,867,600	SH		SOLE		2,867,600	0	0
SHOPIFY INC	CL A	82509L107	84,504	65,660	SH		SOLE		65,660	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	4,465	65,300	SH		SOLE		65,300	0	0
SKECHERS U S A INC	CL A	830566105	797	25,400	SH		SOLE		25,400	0	0
SL GREEN RLTY CORP	COM	78440X101	1,400	28,400	SH		SOLE		28,400	0	0
SOUTHERN CO	COM	842587107	7,096	136,900	SH		SOLE		136,900	0	0
SPDR SER TR	GLB DOW ETF	78464A706	8,812	112,986	SH		SOLE		112,986	0	0
S&P GLOBAL INC	COM	78409V104	658	2,000	SH		SOLE		2,000	0	0
SSR MNG INC	COM	784730103	250	8,700	SH		SOLE		8,700	0	0
STANTEC INC	COM	85472N109	2,095	50,200	SH		SOLE		50,200	0	0
SUMMIT MATLS INC	CL A	86614U100	453	28,200	SH		SOLE		28,200	0	0
SUNCOR ENERGY INC NEW	COM	867224107	89,237	3,903,616	SH		SOLE		3,903,616	0	0
SUN LIFE FINANCIAL INC.	COM	866796105	3,979	79,900	SH		SOLE		79,900	0	0
SYNOPSYS INC	COM	871607107	526	2,700	SH		SOLE		2,700	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	418	3,000	SH		SOLE		3,000	0	0
TARGET CORP	COM	87612E106	4,506	37,600	SH		SOLE		37,600	0	0
TC ENERGY CORP	COM	87807B107	71,830	1,238,880	SH		SOLE		1,238,880	0	0
TELUS CORPORATION	COM	87971M103	88,260	3,876,162	SH		SOLE		3,876,162	0	0
TEXAS INSTRS INC	COM	882508104	4,277	33,700	SH		SOLE		33,700	0	0
TFI INTL INC	COM	87241L109	31,820	669,200	SH		SOLE		669,200	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	1,520	4,200	SH		SOLE		4,200	0	0
THOMSON REUTERS CORP.	COM NEW	884903709	45,844	498,355	SH		SOLE		498,355	0	0
TJX COS INC NEW	COM	872540109	546	10,800	SH		SOLE		10,800	0	0
T-MOBILE US INC	COM	872590104	604	5,800	SH		SOLE		5,800	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	80,767	1,334,545	SH		SOLE		1,334,545	0	0
TRACTOR SUPPLY CO	COM	892356106	606	4,600	SH		SOLE		4,600	0	0
TRANSALTA CORP	COM	89346D107	8,169	1,021,100	SH		SOLE		1,021,100	0	0
TRUIST FINL CORP	COM	89832Q109	5,706	152,000	SH		SOLE		152,000	0	0
TYSON FOODS INC	CL A	902494103	4,584	76,800	SH		SOLE		76,800	0	0
UNION PAC CORP	COM	907818108	6,841	40,500	SH		SOLE		40,500	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	1,709	5,800	SH		SOLE		5,800	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	6,034	54,300	SH		SOLE		54,300	0	0
US BANCORP DEL	COM NEW	902973304	998	27,100	SH		SOLE		27,100	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	11,004	199,900	SH		SOLE		199,900	0	0
V F CORP	COM	918204108	2,236	36,700	SH		SOLE		36,700	0	0
VISA INC	COM CL A	92826C839	1,910	9,900	SH		SOLE		9,900	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,955	51,200	SH		SOLE		51,200	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,080	25,500	SH		SOLE		25,500	0	0
WALMART INC	COM	931142103	15,508	129,600	SH		SOLE		129,600	0	0
WASTE CONNECTIONS INC	COM	94106B101	14,542	114,616	SH		SOLE		114,616	0	0
WASTE MGMT INC DEL	COM	94106L109	1,831	17,300	SH		SOLE		17,300	0	0
WELLS FARGO CO NEW	COM	949746101	3,843	150,300	SH		SOLE		150,300	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	772	34,400	SH		SOLE		34,400	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	2,154	36,200	SH		SOLE		36,200	0	0
WILLIAMS COS INC	COM	969457100	3,770	198,500	SH		SOLE		198,500	0	0
WYNDHAM HOTELS & RESORTS INC	COM	98311A105	426	10,000	SH		SOLE		10,000	0	0
XEROX HOLDINGS CORP	COM NEW	98421M106	1,220	79,800	SH		SOLE		79,800	0	0
YUM BRANDS INC	COM	988498101	1,781	20,500	SH		SOLE		20,500	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	597	5,000	SH		SOLE		5,000	0	0