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
ALPHABET INC CAP STK CL A 02079K305 1,198,972,698 6,803,454 SH SOLE 6,803,454 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 1,345,271,332 4,362,099 SH SOLE 4,362,099 0 0
CATALYST PHARMACEUTICALS INC COM 14888U101 58,787,166 2,709,086 SH SOLE 2,709,086 0 0
CHOICE HOTELS INTL INC COM 169905106 93,116,217 733,892 SH SOLE 733,892 0 0
CHURCH & DWIGHT CO INC COM 171340102 655,882,416 6,824,289 SH SOLE 6,824,289 0 0
CLOROX CO DEL COM 189054109 73,662,585 613,497 SH SOLE 613,497 0 0
DOXIMITY INC CL A 26622P107 83,173,605 1,355,944 SH SOLE 1,355,944 0 0
EXPONENT INC COM 30214U102 55,794,922 746,820 SH SOLE 746,820 0 0
FORTINET INC COM 34959E109 889,989,231 8,418,362 SH SOLE 8,418,362 0 0
GRACO INC COM 384109104 77,419,854 900,545 SH SOLE 900,545 0 0
HOME DEPOT INC COM 437076102 30,565,677 83,367 SH SOLE 83,367 0 0
IDEXX LABS INC COM 45168D104 1,415,556,262 2,639,289 SH SOLE 2,639,289 0 0
INTUIT COM 461202103 290,273,160 368,540 SH SOLE 368,540 0 0
MANHATTAN ASSOCIATES INC COM 562750109 56,936,920 288,332 SH SOLE 288,332 0 0
MARRIOTT INTL INC NEW CL A 571903202 1,157,481,213 4,236,599 SH SOLE 4,236,599 0 0
MASTERCARD INCORPORATED CL A 57636Q104 15,544,946 27,663 SH SOLE 27,663 0 0
MEDPACE HLDGS INC COM 58506Q109 40,028,763 127,537 SH SOLE 127,537 0 0
META PLATFORMS INC CL A 30303M102 2,634,060,164 3,568,752 SH SOLE 3,568,752 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 693,128,265 590,037 SH SOLE 590,037 0 0
MICROSOFT CORP COM 594918104 2,457,955,992 4,941,509 SH SOLE 4,941,509 0 0
MSCI INC COM 55354G100 96,095,842 166,619 SH SOLE 166,619 0 0
NAPCO SEC TECHNOLOGIES INC COM 630402105 28,351,337 954,912 SH SOLE 954,912 0 0
NIKE INC CL B 654106103 435,438,472 6,129,483 SH SOLE 6,129,483 0 0
ODDITY TECH LTD SHS CL A M7518J104 106,937,669 1,416,956 SH SOLE 1,416,956 0 0
OTIS WORLDWIDE CORP COM 68902V107 576,212,332 5,819,151 SH SOLE 5,819,151 0 0
PAYCOM SOFTWARE INC COM 70432V102 95,686,214 413,510 SH SOLE 413,510 0 0
PHILIP MORRIS INTL INC COM 718172109 1,652,683,135 9,074,195 SH SOLE 9,074,195 0 0
PROCTER AND GAMBLE CO COM 742718109 728,455,650 4,572,280 SH SOLE 4,572,280 0 0
QUALYS INC COM 74758T303 102,666,668 718,602 SH SOLE 718,602 0 0
ROLLINS INC COM 775711104 83,424,248 1,478,629 SH SOLE 1,478,629 0 0
SABRE CORP COM 78573M104 67,937,140 21,499,095 SH SOLE 21,499,095 0 0
STRYKER CORPORATION COM 863667101 1,850,364,279 4,677,007 SH SOLE 4,677,007 0 0
TEXAS INSTRS INC COM 882508104 564,786,610 2,720,290 SH SOLE 2,720,290 0 0
VERISIGN INC COM 92343E102 78,159,099 270,634 SH SOLE 270,634 0 0
VERISK ANALYTICS INC COM 92345Y106 54,884,743 176,195 SH SOLE 176,195 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 93,087,362 724,923 SH SOLE 724,923 0 0
VISA INC COM CL A 92826C839 1,368,387,909 3,854,071 SH SOLE 3,854,071 0 0
WATERS CORP COM 941848103 1,259,478,379 3,608,407 SH SOLE 3,608,407 0 0
ZOETIS INC CL A 98978V103 449,889,394 2,884,831 SH SOLE 2,884,831 0 0