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: July 31, 2015
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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
Mastercard Incorporated CL A 57636Q104 64,203,824 179,131 SH SOLE 68,896 0 110,235
Microsoft Corp COM 594918104 59,922,237 250,102 SH SOLE 96,885 0 153,217
Amazon Com Inc COM 023135106 55,277,916 617,200 SH SOLE 243,138 0 374,062
Moodys Corp COM 615369105 55,004,255 187,770 SH SOLE 74,847 0 112,923
AON Plc SHS CL A G0403H108 46,276,095 150,713 SH SOLE 61,133 0 89,580
MSCI Inc. COM 55354G100 45,478,311 94,160 SH SOLE 41,877 0 52,283
Alphabet Inc CAP STK CL C 02079K107 43,730,971 483,886 SH SOLE 195,520 0 288,366
Nike Inc CL B 654106103 38,195,474 313,603 SH SOLE 126,759 0 186,844
Copart Inc COM 217204106 37,759,364 612,473 SH SOLE 241,390 0 371,083
Marsh & McLennan Cos Inc COM 571748102 37,099,378 219,512 SH SOLE 98,033 0 121,479
Verisk Analytics Inc COM 92345Y106 36,787,339 204,865 SH SOLE 85,668 0 119,197
CoStar Group Inc COM 22160N109 36,329,822 460,198 SH SOLE 203,109 0 257,089
CBRE Group Inc CL A 12504L109 32,602,342 403,942 SH SOLE 165,570 0 238,372
Adobe Systems Incorporated COM 00724F101 31,659,316 93,185 SH SOLE 38,187 0 54,998
S&P Global Inc COM 78409V104 27,770,942 79,699 SH SOLE 34,240 0 45,459
Lauder Estee Cos Inc CL A 518439104 27,309,083 106,876 SH SOLE 41,448 0 65,428
Progressive Corp COM 743315103 26,028,867 198,225 SH SOLE 80,472 0 117,753
Intuit COM 461202103 22,903,418 58,605 SH SOLE 23,383 0 35,222
Apple Inc COM 037833100 22,494,841 170,684 SH SOLE 65,807 0 104,877
Pepsico Inc COM 713448108 19,881,155 111,101 SH SOLE 35,114 0 75,987
Procter and Gamble Co COM 742718109 18,134,525 119,843 SH SOLE 42,509 0 77,334
Meta Platforms Inc CL A 30303M102 17,488,094 137,630 SH SOLE 55,631 0 81,999
Colgate Palmolive Co COM 194162103 16,429,632 209,510 SH SOLE 82,613 0 126,897
Booking Holdings Inc COM 09857L108 15,853,338 7,399 SH SOLE 3,294 0 4,105
Unilever PLC SPON ADR NEW 904767704 14,970,310 294,574 SH SOLE 127,082 0 167,492
Schwab Charles Corp COM 808513105 11,935,191 143,525 SH SOLE 52,639 0 90,886
Visa Inc COM CL A 92826C839 10,737,397 50,288 SH SOLE 18,925 0 31,363
HDFC Bank LTD SPONSORED ADS 40415F101 10,567,927 155,292 SH SOLE 62,470 0 92,822
JPMorgan Chase & Co COM 46625H100 10,448,466 75,555 SH SOLE 35,532 0 40,023
Alibaba Group Hldg Ltd SPONSORED ADS 01609W102 8,919,930 88,231 SH SOLE 39,684 0 48,547
Berkshire Hathaway Inc Del CL B NEW 084670702 8,355,436 27,049 SH SOLE 0 0 27,049
Ferrari N V COM N3167Y103 8,225,310 36,074 SH SOLE 22,928 0 13,146
Coca Cola Co COM 191216100 5,676,519 89,239 SH SOLE 0 0 89,239
Berkshire Hathaway Inc Del CL A 084670108 3,280,977 7 SH SOLE 0 0 7
Equifax Inc COM 294429105 2,137,960 11,000 SH SOLE 0 0 11,000
Stryker Corporation COM 863667101 1,575,005 6,442 SH SOLE 0 0 6,442
Johnson & Johnson COM 478160104 1,495,342 8,465 SH SOLE 0 0 8,465
Becton Dickinson & Co COM 075887109 1,096,542 4,312 SH SOLE 0 0 4,312
Salesforce Inc COM 79466L302 673,027 5,076 SH SOLE 0 0 5,076
Fair Isaac Corp COM 303250104 460,308 769 SH SOLE 0 0 769
Globe Life Inc COM 37959E102 271,238 2,250 SH SOLE 0 0 2,250