Cumberland Partners 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
Abbott Laboratories	COM	002824100	11,527	146,072	SH		DFND	1	146,072	0	0
Abbott Laboratories	COM	002824100	3,031	38,410	SH		DFND	2	38,410	0	0
Accenture PLC Cl-A	SHS CLASS A	G1151C101	2,036	12,471	SH		DFND	1	12,471	0	0
Accenture PLC Cl-A	SHS CLASS A	G1151C101	5,527	33,850	SH		DFND	2	33,850	0	0
ALGONQUIN POWER&UTIL	COM	015857105	1,027	77,150	SH		DFND	2	77,150	0	0
Alibaba Group ADR	SPONSORED ADS	01609W102	948	4,875	SH		DFND	1	4,875	0	0
Alibaba Group ADR	SPONSORED ADS	01609W102	6,679	34,339	SH		DFND	2	34,339	0	0
Alphabet Inc Cl A	CAP STK CL A	02079K305	1,617	1,392	SH		DFND	1	1,392	0	0
Alphabet Inc Cl A	CAP STK CL A	02079K305	6,015	5,177	SH		DFND	2	5,177	0	0
Alphabet Inc Cl-C	CAP STK CL C	02079K107	20,178	17,353	SH		DFND	1	17,353	0	0
Alphabet Inc Cl-C	CAP STK CL C	02079K107	1,651	1,420	SH		DFND	2	1,420	0	0
ALTRIA GROUP INC	COM	02209S103	396	10,237	SH		DFND	2	10,237	0	0
Amazon.com Inc	COM	023135106	2,063	1,058	SH		DFND	1	1,058	0	0
Amazon.com Inc	COM	023135106	1,599	820	SH		DFND	2	820	0	0
American Tower Corp	COM	03027X100	37	171	SH		DFND	1	171	0	0
American Tower Corp	COM	03027X100	1,067	4,900	SH		DFND	2	4,900	0	0
Amgen Inc	COM	031162100	30	149	SH		DFND	1	149	0	0
Amgen Inc	COM	031162100	1,768	8,725	SH		DFND	2	8,725	0	0
ANTHEM INC	COM	036752103	647	2,850	SH		DFND	2	2,850	0	0
Apple Inc	COM	037833100	14,496	57,004	SH		DFND	1	57,004	0	0
Apple Inc	COM	037833100	483	1,899	SH		DFND	2	1,899	0	0
ASML HLDS NV NY	N Y REGISTRY SHS	N07059210	340	1,300	SH		DFND	2	1,300	0	0
AUTODESK INC	COM	052769106	250	1,600	SH		DFND	2	1,600	0	0
Automatc Data Proc	COM	053015103	608	4,450	SH		DFND	2	4,450	0	0
AUTOMATIC DATA PROC	COM	053015103	1,288	9,425	SH		DFND	2	9,425	0	0
B2GOLD CORP	COM	11777Q209	519	173,400	SH		DFND	2	173,400	0	0
Bank of America	COM	060505104	4,310	203,000	SH		DFND	1	203,000	0	0
Bank of America	COM	060505104	28	1,300	SH		DFND	2	1,300	0	0
Bank of Montreal	COM	063671101	1,022	20,311	SH		DFND	1	20,311	0	0
Bank of Montreal	COM	063671101	1,208	24,200	SH		DFND	2	24,200	0	0
Bank of Nova Scotia	COM	064149107	24,788	609,193	SH		DFND	1	609,193	0	0
Bank of Nova Scotia	COM	064149107	3,714	91,845	SH		DFND	2	91,845	0	0
BARRICK GOLD CORP	COM	067901108	592	32,600	SH		DFND	2	32,600	0	0
Baxter International Inc	COM	071813109	14,020	172,680	SH		DFND	1	172,680	0	0
Baxter International Inc	COM	071813109	181	2,235	SH		DFND	2	2,235	0	0
BAXTER INTL INC	COM	071813109	377	4,640	SH		DFND	2	4,640	0	0
BAYTEX ENERGY CORP	COM	07317Q105	59	250,379	SH		DFND	2	250,379	0	0
BCE Inc	COM NEW	05534B760	1,195	29,236	SH		DFND	1	29,236	0	0
BCE Inc	COM NEW	05534B760	3,396	83,575	SH		DFND	2	83,575	0	0
BCE Inc	COM NEW	05534B760	49	1,211	SH		DFND		1,211	0	0
Becton Dickinson & Co	COM	075887109	19,373	84,313	SH		DFND	1	84,313	0	0
Becton Dickinson & Co	COM	075887109	2,343	10,200	SH		DFND	2	10,200	0	0
Berkshire Hathaway B New	CL B NEW	084670702	298	1,631	SH		DFND	1	1,631	0	0
Berkshire Hathaway B New	CL B NEW	084670702	6	35	SH		DFND	2	35	0	0
BLACK KNIGHT INC	COM	09215C105	929	16,000	SH		DFND	2	16,000	0	0
Blackrock Inc	COM	09247X101	1,936	4,400	SH		DFND	2	4,400	0	0
BlackRock Income Trust	COM	09247F100	148	25,685	SH		DFND	1	25,685	0	0
Booking Holdings Inc	COM	09857L108	38	28	SH		DFND	1	28	0	0
Booking Holdings Inc	COM	09857L108	673	500	SH		DFND	2	500	0	0
Booz Allen Hamilton Holdings A	CL A	099502106	1,534	22,347	SH		DFND	1	22,347	0	0
Booz Allen Hamilton Holdings A	CL A	099502106	1,939	28,250	SH		DFND	2	28,250	0	0
BOSTON SCIENTIFIC	COM	101137107	718	22,000	SH		DFND	2	22,000	0	0
Brighthouse Financial Inc	COM	10922N103	5,238	216,702	SH		DFND	1	216,702	0	0
Brighthouse Financial Inc	COM	10922N103	40	1,637	SH		DFND	2	1,637	0	0
Broadcom Inc	COM	11135F101	26	110	SH		DFND	1	110	0	0
Broadcom Inc	COM	11135F101	2,797	11,800	SH		DFND	2	11,800	0	0
Brookfield Asset Mgt A LV	CL A LTD VT SH	112585104	30,487	690,388	SH		DFND	1	690,388	0	0
Brookfield Asset Mgt A LV	CL A LTD VT SH	112585104	3,590	81,788	SH		DFND	2	81,788	0	0
BRP INC	COM SUN VTG	05577W200	966	59,900	SH		DFND	2	59,900	0	0
CAE Inc	COM	124765108	474	37,642	SH		DFND	1	37,642	0	0
CAE Inc	COM	124765108	246	19,650	SH		DFND	2	19,650	0	0
CANADA GOOSE HLDINGS	SH SUB VTG	135086106	1,969	99,600	SH		DFND	2	99,600	0	0
Canadian Imperial Bank of Commerce	COM	136069101	116	2,003	SH		DFND	1	2,003	0	0
Canadian Imperial Bank of Commerce	COM	136069101	444	7,700	SH		DFND	2	7,700	0	0
Canadian Imperial Bank of Commerce	COM	136069101	30	518	SH		DFND		518	0	0
Canadian National Railway Company	COM	136375102	8,727	112,020	SH		DFND	1	112,020	0	0
Canadian National Railway Company	COM	136375102	2,384	30,770	SH		DFND	2	30,770	0	0
Canadian Natural Resources Limited	COM	136385101	632	46,396	SH		DFND	1	46,396	0	0
Canadian Natural Resources Limited	COM	136385101	338	25,000	SH		DFND	2	25,000	0	0
Canadian Pacific Railway Ltd	COM	13645T100	15,666	71,251	SH		DFND	1	71,251	0	0
Canadian Pacific Railway Ltd	COM	13645T100	706	3,230	SH		DFND	2	3,230	0	0
CBOE GLOBAL MARKET	COM	12503M108	790	8,850	SH		DFND	2	8,850	0	0
Cenovus Energy Inc	COM	15135U109	130	65,010	SH		DFND	1	65,010	0	0
Cheniere Energy Inc	COM NEW	16411R208	14	425	SH		DFND	1	425	0	0
Chevron Corp	COM	166764100	351	4,845	SH		DFND	1	4,845	0	0
Chevron Corp	COM	166764100	859	11,848	SH		DFND	2	11,848	0	0
Comcast Corp Cl-A	CL A	20030N101	12,869	374,318	SH		DFND	1	374,318	0	0
Comcast Corp Cl-A	CL A	20030N101	3,871	112,590	SH		DFND	2	112,590	0	0
Constellation Brands Inc Cl-A	CL A	21036P108	6,289	43,872	SH		DFND	1	43,872	0	0
Constellation Brands Inc Cl-A	CL A	21036P108	1,566	10,922	SH		DFND	2	10,922	0	0
COOPER COMPANIES INC	COM NEW	216648402	744	2,700	SH		DFND	2	2,700	0	0
Costco Wholesale Corp	COM	22160K105	12,705	44,559	SH		DFND	1	44,559	0	0
Costco Wholesale Corp	COM	22160K105	6,645	23,305	SH		DFND	2	23,305	0	0
Cowen Group Inc - Cl A New	CL A NEW	223622606	3,215	332,825	SH		DFND	1	332,825	0	0
Cowen Group Inc - Cl A New	CL A NEW	223622606	24	2,450	SH		DFND	2	2,450	0	0
Crescent Point Energy Corp.	COM	22576C101	291	376,600	SH		DFND	1	376,600	0	0
Crescent Point Energy Corp.	COM	22576C101	128	167,392	SH		DFND		167,392	0	0
CVS Health Corporation	COM	126650100	9,237	155,695	SH		DFND	1	155,695	0	0
CVS Health Corporation	COM	126650100	130	2,185	SH		DFND	2	2,185	0	0
Danaher Corp	COM	235851102	2,155	15,569	SH		DFND	1	15,569	0	0
Danaher Corp	COM	235851102	1,467	10,596	SH		DFND	2	10,596	0	0
Deere & Co	COM	244199105	1,008	7,300	SH		DFND	2	7,300	0	0
Descartes Systems Group Inc	COM	249906108	2	49	SH		DFND	1	49	0	0
Descartes Systems Group Inc	COM	249906108	4,214	123,900	SH		DFND	2	123,900	0	0
Diageo PLC SP/ADR	SPON ADR NEW	25243Q205	7,502	59,016	SH		DFND	1	59,016	0	0
Diageo PLC SP/ADR	SPON ADR NEW	25243Q205	1,073	8,445	SH		DFND	2	8,445	0	0
Discover Financial Svcs	COM	254709108	3,872	108,555	SH		DFND	1	108,555	0	0
Discover Financial Svcs	COM	254709108	24	670	SH		DFND	2	670	0	0
Discovery Inc Ser-A	COM SER A	25470F104	5,046	259,590	SH		DFND	1	259,590	0	0
Discovery Inc Ser-A	COM SER A	25470F104	94	4,850	SH		DFND	2	4,850	0	0
DOMINOS PIZZA INC	COM	25754A201	600	1,850	SH		DFND	2	1,850	0	0
Dupont De Nemours Inc	COM	26614N102	3,935	115,398	SH		DFND	1	115,398	0	0
Dupont De Nemours Inc	COM	26614N102	30	875	SH		DFND	2	875	0	0
Eaton Corporation	COM	G29183103	3,863	49,734	SH		DFND	2	49,734	0	0
Ecolab Inc	COM	278865100	1,074	6,890	SH		DFND	1	6,890	0	0
Ecolab Inc	COM	278865100	2,136	13,704	SH		DFND	2	13,704	0	0
Enbridge Inc	COM	29250N105	1,808	62,308	SH		DFND	1	62,308	0	0
Enbridge Inc	COM	29250N105	2,624	91,000	SH		DFND	2	91,000	0	0
Energy Transfer LP	COM UT LTD PTN	29273V100	6,263	1,361,460	SH		DFND	1	1,361,460	0	0
Energy Transfer LP	COM UT LTD PTN	29273V100	46	10,095	SH		DFND	2	10,095	0	0
ENERPLUS CORP	COM	292766102	453	311,400	SH		DFND	2	311,400	0	0
Estee Lauder Companies Inc CL-A	CL A	518439104	969	6,080	SH		DFND	1	6,080	0	0
Estee Lauder Companies Inc CL-A	CL A	518439104	1,672	10,497	SH		DFND	2	10,497	0	0
Facebook Inc Cl-A	CL A	30303M102	15,474	92,768	SH		DFND	1	92,768	0	0
Facebook Inc Cl-A	CL A	30303M102	4,530	27,156	SH		DFND	2	27,156	0	0
Fidelity Natl Info Svcs	COM	31620M106	1,597	13,125	SH		DFND	1	13,125	0	0
First Republic Bank	COM	33616C100	1,369	16,635	SH		DFND	1	16,635	0	0
First Republic Bank	COM	33616C100	5,584	67,866	SH		DFND	2	67,866	0	0
FIRSTSERVICE CORP	COM	33767E202	5,337	70,000	SH		DFND	2	70,000	0	0
FISERV INC	COM	337738108	427	4,500	SH		DFND	2	4,500	0	0
Fleetcor Technologies Inc	COM	339041105	3	17	SH		DFND	1	17	0	0
FOMENTO ECON MEXI	SPON ADR UNITS	344419106	1,119	18,500	SH		DFND	2	18,500	0	0
FORTIS INC	COM	349553107	240	6,300	SH		DFND	2	6,300	0	0
Franco-Nevada Corp	COM	351858105	501	5,037	SH		DFND	1	5,037	0	0
GCI LIBERTY INC	COM CLASS A	36164V305	1,339	23,500	SH		DFND	2	23,500	0	0
GENERAL MILLS INC	COM	370334104	2,218	42,034	SH		DFND	2	42,034	0	0
Global Payments Inc.	COM	37940X102	12,791	88,685	SH		DFND	1	88,685	0	0
Global Payments Inc.	COM	37940X102	376	2,610	SH		DFND	2	2,610	0	0
GODADDY INC	CL A	380237107	1,799	31,500	SH		DFND	2	31,500	0	0
GRANITE REAL ESTATE	UNIT 99/99/9999	387437114	261	6,400	SH		DFND	2	6,400	0	0
HDFC Bank Ltd ADR	SPONSORED ADS	40415F101	154	4,000	SH		DFND	1	4,000	0	0
HDFC Bank Ltd ADR	SPONSORED ADS	40415F101	3,123	81,200	SH		DFND	2	81,200	0	0
Home Depot Inc	COM	437076102	1,204	6,446	SH		DFND	1	6,446	0	0
Home Depot Inc	COM	437076102	2,925	15,668	SH		DFND	2	15,668	0	0
Honeywell International Inc	COM	438516106	8,192	61,232	SH		DFND	1	61,232	0	0
Honeywell International Inc	COM	438516106	1,214	9,075	SH		DFND	2	9,075	0	0
INTERACTIVE BROKERS	COM CL A	45841N107	1,576	36,500	SH		DFND	2	36,500	0	0
IQVIA HOLDINGS INC	COM	46266C105	324	3,000	SH		DFND	2	3,000	0	0
ISHARES TR	0-5YR HI YL CP	46434V407	940	23,000	SH		DFND	2	23,000	0	0
J.P. Morgan Chase&Company	COM	46625H100	18,224	202,416	SH		DFND	1	202,416	0	0
J.P. Morgan Chase&Company	COM	46625H100	5,445	60,479	SH		DFND	2	60,479	0	0
Johnson & Johnson	COM	478160104	33	255	SH		DFND	1	255	0	0
Johnson & Johnson	COM	478160104	4,349	33,164	SH		DFND	2	33,164	0	0
Keysight Technologies Inc	COM	49338L103	146	1,748	SH		DFND	1	1,748	0	0
Keysight Technologies Inc	COM	49338L103	190	2,265	SH		DFND	2	2,265	0	0
Kimberly Clark Corp	COM	494368103	49	385	SH		DFND	1	385	0	0
Kimberly Clark Corp	COM	494368103	2,174	17,000	SH		DFND	2	17,000	0	0
KIRKLAND LAKE GOLD	COM	49741E100	3,436	117,982	SH		DFND	2	117,982	0	0
KIRKLAND LAKE GOLD	COM	49741E100	44	1,500	SH		DFND		1,500	0	0
Kraneshares Quadratic Interest Rate ETF	QUADRTC IN RT	500767736	201	7,800	SH		DFND	2	7,800	0	0
LILLY ELI & CO	COM	532457108	762	5,490	SH		DFND	2	5,490	0	0
Lockheed Martin Corp	COM	539830109	47	140	SH		DFND	1	140	0	0
Lockheed Martin Corp	COM	539830109	589	1,737	SH		DFND	2	1,737	0	0
Manulife Financial Corporation	COM	56501R106	131	10,448	SH		DFND	1	10,448	0	0
Manulife Financial Corporation	COM	56501R106	2,441	196,250	SH		DFND	2	196,250	0	0
Manulife Financial Corporation	COM	56501R106	4	300	SH		DFND		300	0	0
Mastercard Inc Cl-A	CL A	57636Q104	2,418	10,008	SH		DFND	1	10,008	0	0
Mastercard Inc Cl-A	CL A	57636Q104	1,730	7,158	SH		DFND	2	7,158	0	0
McDonald's Corp	COM	580135101	31	187	SH		DFND	1	187	0	0
McDonald's Corp	COM	580135101	1,044	6,311	SH		DFND	2	6,311	0	0
Medtronic PLC	SHS	G5960L103	10,056	111,511	SH		DFND	1	111,511	0	0
Medtronic PLC	SHS	G5960L103	3,403	37,734	SH		DFND	2	37,734	0	0
Microsoft Corp	COM	594918104	24,679	156,481	SH		DFND	1	156,481	0	0
Microsoft Corp	COM	594918104	10,913	69,195	SH		DFND	2	69,195	0	0
MOODYS CORP	COM	615369105	687	3,250	SH		DFND	2	3,250	0	0
NIKE Inc Class B	CL B	654106103	13,906	168,063	SH		DFND	1	168,063	0	0
NIKE Inc Class B	CL B	654106103	3,462	41,834	SH		DFND	2	41,834	0	0
NORTH AMERICAN CONST	COM	656811106	2,766	555,200	SH		DFND	2	555,200	0	0
NUTRIEN LTD	COM	67077M108	277	8,200	SH		DFND	2	8,200	0	0
O-I Glass	COM	67098H104	3,620	509,145	SH		DFND	1	509,145	0	0
O-I Glass	COM	67098H104	26	3,700	SH		DFND	2	3,700	0	0
Open Text Corporation	COM	683715106	3	100	SH		DFND	1	100	0	0
Open Text Corporation	COM	683715106	1,235	35,725	SH		DFND	2	35,725	0	0
Ovintiv Inc	COM	69047Q102	34	12,490	SH		DFND	1	12,490	0	0
PALO ALTO NETWORKS	COM	697435105	656	4,000	SH		DFND	2	4,000	0	0
PAN AMERICAN SILVER	COM	697900108	196	13,800	SH		DFND	2	13,800	0	0
Parker-Hannifin Corp	COM	701094104	213	1,645	SH		DFND	1	1,645	0	0
Parker-Hannifin Corp	COM	701094104	189	1,450	SH		DFND	2	1,450	0	0
PAYCHEX INC	COM	704326107	818	13,000	SH		DFND	2	13,000	0	0
PAYPAL HLDGS INC	COM	70450Y103	646	6,750	SH		DFND	2	6,750	0	0
Pembina Pipeline Corp	COM	706327103	4,725	252,784	SH		DFND	1	252,784	0	0
Pembina Pipeline Corp	COM	706327103	5	270	SH		DFND	2	270	0	0
PepsiCo Inc	COM	713448108	7,181	59,791	SH		DFND	1	59,791	0	0
PepsiCo Inc	COM	713448108	2,471	20,580	SH		DFND	2	20,580	0	0
PERKINELMER INC	COM	714046109	708	9,400	SH		DFND	2	9,400	0	0
Philip Morris Intl Inc	COM	718172109	88	1,200	SH		DFND	1	1,200	0	0
Philip Morris Intl Inc	COM	718172109	3,465	47,500	SH		DFND	2	47,500	0	0
Phillips 66	COM	718546104	1,049	19,550	SH		DFND	2	19,550	0	0
Precision Drilling Corp	COM 2010	74022D308	15	48,009	SH		DFND	1	48,009	0	0
Progressive Corp Ohio	COM	743315103	229	3,105	SH		DFND	1	3,105	0	0
Progressive Corp Ohio	COM	743315103	204	2,765	SH		DFND	2	2,765	0	0
Raytheon Company	COM NEW	755111507	12,598	96,059	SH		DFND	1	96,059	0	0
Raytheon Company	COM NEW	755111507	753	5,739	SH		DFND	2	5,739	0	0
RESTAURANT BRANDS	COM	76131D103	415	10,425	SH		DFND	2	10,425	0	0
RITCHIE BROS AUCTNRS	COM	767744105	227	6,700	SH		DFND	2	6,700	0	0
Rogers Communications Inc -B	CL B	775109200	13,423	322,748	SH		DFND	1	322,748	0	0
Rogers Communications Inc -B	CL B	775109200	249	5,993	SH		DFND	2	5,993	0	0
ROPER TECHNOLOGIES	COM	776696106	281	900	SH		DFND	2	900	0	0
Ross Stores Inc	COM	778296103	1,017	11,695	SH		DFND	1	11,695	0	0
Ross Stores Inc	COM	778296103	668	7,680	SH		DFND	2	7,680	0	0
Ross Stores Inc	COM	778296103	52	600	SH		DFND		600	0	0
Royal Bank of Canada	COM	780087102	18,157	294,193	SH		DFND	1	294,193	0	0
Royal Bank of Canada	COM	780087102	7,328	119,478	SH		DFND	2	119,478	0	0
Royal Bank of Canada	COM	780087102	37	605	SH		DFND		605	0	0
Royal Dutch Shell ADR A	SPONS ADR A	780259206	5	140	SH		DFND	1	140	0	0
S&P Global Inc	COM	78409V104	16,028	65,406	SH		DFND	1	65,406	0	0
S&P Global Inc	COM	78409V104	2,644	10,790	SH		DFND	2	10,790	0	0
SBA COMMUNICATIONS	CL A	78410G104	459	1,700	SH		DFND	2	1,700	0	0
SCHWAB CHARLES CORP	COM	808513105	672	20,000	SH		DFND	2	20,000	0	0
Shaw Communications Inc -B	CL B CONV	82028K200	22,016	1,362,045	SH		DFND	1	1,362,045	0	0
Shaw Communications Inc -B	CL B CONV	82028K200	322	19,950	SH		DFND	2	19,950	0	0
Sherwin-Williams Co	COM	824348106	3,103	6,751	SH		DFND	2	6,751	0	0
SPDR Bloomberg Barclays 1-3 mth T-Bill	SPDR BLOOMBERG	78468R663	8,399	91,660	SH		DFND	1	91,660	0	0
SPDR Bloomberg Barclays 1-3 mth T-Bill	SPDR BLOOMBERG	78468R663	4,634	50,576	SH		DFND	2	50,576	0	0
SPDR Gold Trust ETF	GOLD SHS	78463V107	9	60	SH		DFND	1	60	0	0
SPDR Gold Trust ETF	GOLD SHS	78463V107	289	1,954	SH		DFND	2	1,954	0	0
SPOTIFY TECHNOLOGY	SHS	L8681T102	1,154	9,506	SH		DFND	2	9,506	0	0
STANLEY BLACK&DECKR	COM	854502101	2,015	20,151	SH		DFND	2	20,151	0	0
STANTEC INC	COM	85472N109	2,729	107,900	SH		DFND	2	107,900	0	0
Starbucks Corp	COM	855244109	885	13,458	SH		DFND	1	13,458	0	0
Starbucks Corp	COM	855244109	1,703	25,902	SH		DFND	2	25,902	0	0
Sun Life Financial Services Canada Inc	COM	866796105	356	11,122	SH		DFND	1	11,122	0	0
Sun Life Financial Services Canada Inc	COM	866796105	312	9,800	SH		DFND	2	9,800	0	0
Sun Life Financial Services Canada Inc	COM	866796105	25	800	SH		DFND		800	0	0
Suncor Energy Inc	COM	867224107	21	1,300	SH		DFND	1	1,300	0	0
Suncor Energy Inc	COM	867224107	1,921	121,725	SH		DFND	2	121,725	0	0
Suncor Energy Inc	COM	867224107	19	1,209	SH		DFND		1,209	0	0
Suncor Energy Inc.	COM	867224107	168	10,583	SH		DFND	1	10,583	0	0
Suncor Energy Inc.	COM	867224107	415	26,125	SH		DFND	2	26,125	0	0
Taiwan Semiconductor Manufacturing SP/ADR	SPONSORED ADS	874039100	1,024	21,435	SH		DFND	1	21,435	0	0
Taiwan Semiconductor Manufacturing SP/ADR	SPONSORED ADS	874039100	4,455	93,215	SH		DFND	2	93,215	0	0
Targa Resources Corp	COM	87612G101	311	45,000	SH		DFND	1	45,000	0	0
TC ENERGY	COM	87807B107	481	10,950	SH		DFND	2	10,950	0	0
TCW Strategic Income Fund	COM	872340104	154	29,720	SH		DFND	1	29,720	0	0
Telus Corporation	COM	87971M103	67	4,256	SH		DFND	1	4,256	0	0
Telus Corporation	COM	87971M103	997	63,800	SH		DFND	2	63,800	0	0
Tesla Motors Inc.	COM	88160R101	264	504	SH		DFND	1	504	0	0
Texas Instruments-Cum Rts	COM	882508104	4	40	SH		DFND	1	40	0	0
Texas Instruments-Cum Rts	COM	882508104	975	9,750	SH		DFND	2	9,750	0	0
TEXAS PAC LD TR	SUB CTF PROP 1 T	882610108	152	400	SH		DFND	2	400	0	0
TFI INTERNATIONAL	COM	87241L109	381	17,475	SH		DFND	2	17,475	0	0
Thermo Fisher Scientific Inc	COM	883556102	12,032	42,425	SH		DFND	1	42,425	0	0
Thermo Fisher Scientific Inc	COM	883556102	4,292	15,136	SH		DFND	2	15,136	0	0
TJX Companies Inc	COM	872540109	12,932	270,485	SH		DFND	1	270,485	0	0
TJX Companies Inc	COM	872540109	333	6,970	SH		DFND	2	6,970	0	0
Toronto Dominion Bank	COM NEW	891160509	23,546	555,838	SH		DFND	1	555,838	0	0
Toronto Dominion Bank	COM NEW	891160509	6,234	148,131	SH		DFND	2	148,131	0	0
Townsquare Media Inc Cl A	CL A	892231101	46	10,000	SH		DFND	1	10,000	0	0
Toyota Motor Corp ADR	SP ADR REP2COM	892331307	174	1,450	SH		DFND	1	1,450	0	0
Toyota Motor Corp ADR	SP ADR REP2COM	892331307	2,348	19,575	SH		DFND	2	19,575	0	0
Union Pacific Corp	COM	907818108	372	2,640	SH		DFND	1	2,640	0	0
United Technologies Corp	COM	913017109	1,525	16,163	SH		DFND	1	16,163	0	0
United Technologies Corp	COM	913017109	3,716	39,392	SH		DFND	2	39,392	0	0
UnitedHealth Group Inc	COM	91324P102	11,745	47,098	SH		DFND	1	47,098	0	0
UnitedHealth Group Inc	COM	91324P102	3,820	15,321	SH		DFND	2	15,321	0	0
Vanguard S/T Corp Bond ETF	SHRT TRM CORP	92206C409	3,675	46,462	SH		DFND	1	46,462	0	0
Vanguard S/T Corp Bond ETF	SHRT TRM CORP	92206C409	372	4,700	SH		DFND	2	4,700	0	0
Verizon Communications Inc	COM	92343V104	43	800	SH		DFND	1	800	0	0
Verizon Communications Inc	COM	92343V104	387	7,205	SH		DFND	2	7,205	0	0
Vermilion Energy Inc	COM	923725105	724	236,853	SH		DFND	1	236,853	0	0
Vermilion Energy Inc	COM	923725105	77	25,300	SH		DFND	2	25,300	0	0
Visa Inc	COM CL A	92826C839	19,451	120,722	SH		DFND	1	120,722	0	0
Visa Inc	COM CL A	92826C839	4,073	25,274	SH		DFND	2	25,274	0	0
Walmart Inc.	COM	931142103	7,167	63,077	SH		DFND	1	63,077	0	0
Walmart Inc.	COM	931142103	271	2,390	SH		DFND	2	2,390	0	0
Walt Disney Co	COM DISNEY	254687106	1,166	12,069	SH		DFND	1	12,069	0	0
Walt Disney Co	COM DISNEY	254687106	867	8,975	SH		DFND	2	8,975	0	0
WASTE CONNECTIONS	COM	94106B101	376	4,900	SH		DFND	2	4,900	0	0
Watsco Inc	COM	942622200	1,102	6,975	SH		DFND	2	6,975	0	0
Wells Fargo & Co	COM	949746101	439	15,288	SH		DFND	1	15,288	0	0