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
ALCON AG ORD SHS H01301128 681,452 7,713,406 SH SOLE 7,713,406 0 0
AMAZON COM INC COM 023135106 320,452 1,460,648 SH SOLE 1,460,648 0 0
ANALOG DEVICES INC COM 032654105 301,807 1,267,990 SH SOLE 1,267,990 0 0
BOOKING HOLDINGS INC COM 09857L108 400,077 69,107 SH SOLE 69,107 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 9,375 90,033 SH SOLE 90,033 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 40,616 131,807 SH SOLE 131,807 0 0
CANADIAN NATL RY CO COM 136375102 1,984 19,073 SH SOLE 19,073 0 0
COPART INC COM 217204106 262,082 5,340,975 SH SOLE 5,340,975 0 0
EQUIFAX INC COM 294429105 236,499 911,820 SH SOLE 911,820 0 0
FAIR ISAAC CORP COM 303250104 280,177 153,273 SH SOLE 153,273 0 0
FERRARI N V COM N3167Y103 316,595 646,106 SH SOLE 646,106 0 0
FLUTTER ENTMT PLC SHS G3643J108 847,503 2,973,210 SH SOLE 2,973,210 0 0
GE AEROSPACE COM NEW 369604301 530,997 2,063,006 SH SOLE 2,063,006 0 0
ILLUMINA INC COM 452327109 50,945 533,954 SH SOLE 533,954 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 402,103 2,191,657 SH SOLE 2,191,657 0 0
INTUIT COM 461202103 532,267 675,783 SH SOLE 675,783 0 0
LINDE PLC SHS G54950103 38,451 81,953 SH SOLE 81,953 0 0
MARSH & MCLENNAN COS INC COM 571748102 389,660 1,782,200 SH SOLE 1,782,200 0 0
MICROSOFT CORP COM 594918104 632,983 1,272,557 SH SOLE 1,272,557 0 0
MOODYS CORP COM 615369105 415,093 827,554 SH SOLE 827,554 0 0
SALESFORCE INC COM 79466L302 127,961 469,254 SH SOLE 469,254 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 10,715 26,427 SH SOLE 26,427 0 0
VISA INC COM CL A 92826C839 583,480 1,643,373 SH SOLE 1,643,373 0 0
WATERS CORP COM 941848103 274,815 787,346 SH SOLE 787,346 0 0
ZOETIS INC CL A 98978V103 235,629 1,510,926 SH SOLE 1,510,926 0 0