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
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
ADOBE INC COM 00724F101 110,816,391 288,938 SH SOLE 288,938 0 0
ALPHABET INC CAP STK CL A 02079K305 1,010,360,852 6,533,632 SH SOLE 6,533,632 0 0
ANALOG DEVICES INC COM 032654105 153,470,668 760,999 SH SOLE 760,999 0 0
AUTOZONE INC COM 053332102 1,034,167,009 271,237 SH SOLE 271,237 0 0
BECTON DICKINSON & CO COM 075887109 92,481,601 403,744 SH SOLE 403,744 0 0
BRUKER CORP COM 116794108 9,916,422 237,576 SH SOLE 237,576 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 297,885,914 4,698,516 SH SOLE 4,698,516 0 0
CME GROUP INC COM 12572Q105 627,459,929 2,365,185 SH SOLE 2,365,185 0 0
COLGATE PALMOLIVE CO COM 194162103 109,167,715 1,165,077 SH SOLE 1,165,077 0 0
COPART INC COM 217204106 231,872,092 4,097,404 SH SOLE 4,097,404 0 0
DONALDSON INC COM 257651109 11,766,415 175,461 SH SOLE 175,461 0 0
EXPONENT INC COM 30214U102 9,329,520 115,094 SH SOLE 115,094 0 0
FACTSET RESH SYS INC COM 303075105 158,932,142 349,578 SH SOLE 349,578 0 0
FEDERAL SIGNAL CORP COM 313855108 12,862,718 174,884 SH SOLE 174,884 0 0
FLOOR & DECOR HLDGS INC CL A 339750101 9,036,781 112,300 SH SOLE 112,300 0 0
GRACO INC COM 384109104 299,341,177 3,584,495 SH SOLE 3,584,495 0 0
HDFC BANK LTD SPONSORED ADS 40415F101 263,702,951 3,969,039 SH SOLE 3,969,039 0 0
HENRY JACK & ASSOC INC COM 426281101 7,997,880 43,800 SH SOLE 43,800 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 137,904,857 606,042 SH SOLE 606,042 0 0
HOULIHAN LOKEY INC CL A 441593100 11,207,293 69,395 SH SOLE 69,395 0 0
INTERPARFUMS INC COM 458334109 12,535,265 110,084 SH SOLE 110,084 0 0
JBT MAREL CORPORATION COM 477839104 11,197,064 91,629 SH SOLE 91,629 0 0
JOHNSON & JOHNSON COM 478160104 342,398,737 2,064,633 SH SOLE 2,064,633 0 0
LOWES COS INC COM 548661107 214,818,591 921,059 SH SOLE 921,059 0 0
MASTERCARD INCORPORATED CL A 57636Q104 814,977,703 1,486,860 SH SOLE 1,486,860 0 0
MEDPACE HLDGS INC COM 58506Q109 11,060,247 36,300 SH SOLE 36,300 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 278,236,567 235,612 SH SOLE 235,612 0 0
MICROSOFT CORP COM 594918104 1,099,694,119 2,929,471 SH SOLE 2,929,471 0 0
MIDDLEBY CORP COM 596278101 3,790,533 24,941 SH SOLE 24,941 0 0
MOODYS CORP COM 615369105 975,838,959 2,095,469 SH SOLE 2,095,469 0 0
MSCI INC COM 55354G100 449,944,034 795,657 SH SOLE 795,657 0 0
NIKE INC CL B 654106103 91,306,141 1,438,345 SH SOLE 1,438,345 0 0
ORACLE CORP COM 68389X105 394,383,738 2,820,855 SH SOLE 2,820,855 0 0
OTIS WORLDWIDE CORP COM 68902V107 422,617,622 4,095,132 SH SOLE 4,095,132 0 0
PEPSICO INC COM 713448108 363,879,340 2,426,833 SH SOLE 2,426,833 0 0
POWER INTEGRATIONS INC COM 739276103 3,994,550 79,100 SH SOLE 79,100 0 0
S&P GLOBAL INC COM 78409V104 316,598,634 623,103 SH SOLE 623,103 0 0
SHERWIN WILLIAMS CO COM 824348106 523,954,008 1,500,484 SH SOLE 1,500,484 0 0
SIMPSON MFG INC COM 829073105 9,471,924 60,300 SH SOLE 60,300 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 1,126,363,286 6,785,321 SH SOLE 6,785,321 0 0
TJX COS INC NEW COM 872540109 550,942,568 4,523,338 SH SOLE 4,523,338 0 0
TREX CO INC COM 89531P105 11,606,579 199,769 SH SOLE 199,769 0 0
UNITEDHEALTH GROUP INC COM 91324P102 588,186,439 1,123,029 SH SOLE 1,123,029 0 0
WD 40 CO COM 929236107 9,930,800 40,700 SH SOLE 40,700 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 18,350,903 202,750 SH SOLE 202,750 0 0