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
ABBOTT LABSCOM COM 002824100 25,255,290 200,725 SH DFND 1,2,8 198,594 0 2,131
MANHATTAN ASSOCIATES INCCOM COM 562750109 12,949,526 74,100 SH DFND 1,2,8 74,100 0 0
AGNICO EAGLE MINES LTDCOM COM 008474108 51,446,373 303,000 SH DFND 1,2,8 303,000 0 0
ALCON AGORD SHS ORD SHS H01301128 7,078,863 88,661 SH DFND 1,2,8 88,661 0 0
SMITH A O CORPCOM COM 831865209 6,796,617 100,300 SH DFND 1,2,8 100,300 0 0
SIMON PPTY GROUP INC NEWCOM COM 828806109 2,261,283 12,100 SH DFND 1,2,8 12,100 0 0
NIKE INCCL B CL B 654106103 24,016,134 392,500 SH DFND 1,2,8 390,000 0 2,500
S&P GLOBAL INCCOM COM 78409V104 28,218,718 53,461 SH DFND 1,2,8 53,461 0 0
UBER TECHNOLOGIES INCCOM COM 90353T100 4,352,810 53,000 SH DFND 1,2,8 53,000 0 0
MASTERCARD INCORPORATEDCL A CL A 57636Q104 78,018,089 135,087 SH DFND 1,2,8 130,807 0 4,280
MICROSOFT CORPCOM COM 594918104 219,152,089 449,519 SH DFND 1,2,8 443,640 0 5,879
ZOETIS INCCL A CL A 98978V103 41,563,734 328,774 SH DFND 1,2,8 322,574 0 6,200
ROYAL GOLD INCCOM COM 780287108 22,505,958 100,000 SH DFND 1,2,8 100,000 0 0
LENNOX INTL INCCOM COM 526107107 10,030,657 20,300 SH DFND 1,2,8 20,300 0 0
THERMO FISHER SCIENTIFIC INCCOM COM 883556102 38,318,837 65,660 SH DFND 1,2,8 63,390 0 2,270
PEPSICO INCCOM COM 713448108 47,452,163 329,172 SH DFND 1,2,8 328,039 0 1,133
MOODYS CORPCOM COM 615369105 22,338,840 43,293 SH DFND 1,2,8 41,593 0 1,700
AUTODESK INCCOM COM 052769106 21,320,949 71,151 SH DFND 1,2,8 68,651 0 2,500
XYLEM INCCOM COM 98419M100 12,389,293 90,051 SH DFND 1,2,8 90,051 0 0
UNION PAC CORPCOM COM 907818108 87,584,074 375,712 SH DFND 1,2,8 374,382 0 1,330
KLA CORPCOM NEW COM NEW 482480100 20,621,834 16,574 SH DFND 1,2,8 16,304 0 270
ACCENTURE PLC IRELANDSHS CLASS A SHS CLASS A G1151C101 55,652,190 206,099 SH DFND 1,2,8 203,020 0 3,079
SYNOPSYS INCCOM COM 871607107 21,846,045 46,044 SH DFND 1,2,8 45,584 0 460
COLGATE PALMOLIVE COCOM COM 194162103 60,787,044 764,344 SH DFND 1,2,8 751,344 0 13,000
NORDSON CORPCOM COM 655663102 15,754,349 64,600 SH DFND 1,2,8 63,900 0 700
HOME DEPOT INCCOM COM 437076102 9,531,810 27,516 SH DFND 1,2,8 27,516 0 0
ARISTA NETWORKS INCCOM SHS COM SHS 040413205 21,785,353 164,448 SH DFND 1,2,8 163,048 0 1,400
IQVIA HLDGS INCCOM COM 46266C105 12,711,893 55,825 SH DFND 1,2,8 55,825 0 0
MONDELEZ INTL INCCL A CL A 609207105 31,295,880 570,808 SH DFND 1,2,8 553,208 0 17,600
ALPHABET INCCAP STK CL A CAP STK CL A 02079K305 183,234,560 583,785 SH DFND 1,2,8 574,365 0 9,420
AUTOMATIC DATA PROCESSING INCOM COM 053015103 9,190,585 35,400 SH DFND 1,2,8 35,400 0 0
AMAZON COM INCCOM COM 023135106 109,128,432 469,390 SH DFND 1,2,8 458,990 0 10,400
PROGRESSIVE CORPCOM COM 743315103 2,990,062 13,000 SH DFND 1,2,8 13,000 0 0
CANADIAN NATL RY COCOM COM 136375102 83,667,119 844,888 SH DFND 1,2,8 827,923 0 16,965
AMGEN INCCOM COM 031162100 329,599 1,003 SH DFND 1,2,8 0 0 1,003
CUMMINS INCCOM COM 231021106 11,689,730 22,749 SH DFND 1,2,8 22,749 0 0
VERISIGN INCCOM COM 92343E102 7,706,834 31,340 SH DFND 1,2,8 30,700 0 640
BOOKING HOLDINGS INCCOM COM 09857L108 11,924,393 2,198 SH DFND 1,2,8 2,198 0 0
METTLER TOLEDO INTERNATIONALCOM COM 592688105 8,914,911 6,300 SH DFND 1,2,8 6,300 0 0
PUBLIC STORAGE OPER COCOM COM 74460D109 2,141,357 8,200 SH DFND 1,2,8 8,200 0 0
APPLIED MATLS INCCOM COM 038222105 22,553,880 86,742 SH DFND 1,2,8 85,597 0 1,145
FASTENAL COCOM COM 311900104 2,861,721 70,000 SH DFND 1,2,8 70,000 0 0
VEEVA SYS INCCL A COM CL A COM 922475108 13,535,191 60,265 SH DFND 1,2,8 60,265 0 0
ORLA MNG LTD NEWCOM COM 68634K106 28,607,712 2,130,000 SH DFND 1,2,8 2,130,000 0 0
NVIDIA CORPORATIONCOM COM 67066G104 109,498,039 583,809 SH DFND 1,2,8 571,909 0 11,900
BROADCOM INCCOM COM 11135F101 24,716,954 70,632 SH DFND 1,2,8 67,232 0 3,400
COOPER COS INCCOM COM 216648501 9,419,616 114,200 SH DFND 1,2,8 114,200 0 0
CATERPILLAR INCCOM COM 149123101 29,393,368 50,895 SH DFND 1,2,8 50,895 0 0
WATERS CORPCOM COM 941848103 38,740,295 100,920 SH DFND 1,2,8 97,680 0 3,240
SITEONE LANDSCAPE SUPPLY INCCOM COM 82982L103 27,471,031 216,913 SH DFND 1,2,8 210,913 0 6,000
ADOBE INCCOM COM 00724F101 62,459,531 177,160 SH DFND 1,2,8 176,160 0 1,000
LOWES COS INCCOM COM 548661107 11,411,351 46,911 SH DFND 1,2,8 46,911 0 0
NEWMONT CORPCOM COM 651639106 15,737,267 154,500 SH DFND 1,2,8 154,500 0 0
PROCTER AND GAMBLE COCOM COM 742718109 18,871,236 130,981 SH DFND 1,2,8 129,350 0 1,631
EATON CORP PLCSHS SHS G29183103 7,930,145 24,715 SH DFND 1,2,8 24,715 0 0
META PLATFORMS INCCL A CL A 30303M102 57,186,141 85,864 SH DFND 1,2,8 84,364 0 1,500
EDWARDS LIFESCIENCES CORPCOM COM 28176E108 14,614,955 169,530 SH DFND 1,2,8 167,030 0 2,500
FULL TRUCK ALLIANCE CO LTDSPONSORED ADS SPONSORED ADS 35969L108 5,266,074 482,000 SH DFND 1,2,8 482,000 0 0
ROLLINS INCCOM COM 775711104 35,292,520 583,950 SH DFND 1,2,8 572,300 0 11,650
DOMINOS PIZZA INCCOM COM 25754A201 7,341,111 17,400 SH DFND 1,2,8 17,400 0 0
WHEATON PRECIOUS METALS CORPCOM COM 962879102 46,238,720 393,500 SH DFND 1,2,8 393,500 0 0
HONEYWELL INTL INCCOM COM 438516106 10,462,659 53,274 SH DFND 1,2,8 53,274 0 0
LINDE PLCSHS SHS G54950103 9,725,031 22,700 SH DFND 1,2,8 21,000 0 1,700
LITTELFUSE INCCOM COM 537008104 8,878,952 34,500 SH DFND 1,2,8 34,500 0 0
COMPANIA CERVECERIAS UNIDASSPONSORED ADR SPONSORED ADR 204429104 5,120,217 400,000 SH DFND 1,2,8 400,000 0 0
RESMED INCCOM COM 761152107 52,389,760 215,489 SH DFND 1,2,8 211,262 0 4,227
VISA INCCOM CL A COM CL A 92826C839 82,767,170 233,941 SH DFND 1,2,8 233,941 0 0
IDEXX LABS INCCOM COM 45168D104 38,041,066 55,771 SH DFND 1,2,8 54,831 0 940
AMETEK INCCOM COM 031100100 14,170,403 68,430 SH DFND 1,2,8 68,430 0 0
BADGER METER INCCOM COM 056525108 3,030,208 17,000 SH DFND 1,2,8 17,000 0 0
OTIS WORLDWIDE CORPCOM COM 68902V107 9,978,734 113,377 SH DFND 1,2,8 113,377 0 0
ORACLE CORPCOM COM 68389X105 7,519,404 38,136 SH DFND 1,2,8 38,136 0 0
VERISK ANALYTICS INCCOM COM 92345Y106 46,944,392 209,228 SH DFND 1,2,8 204,838 0 4,390
JOHNSON & JOHNSONCOM COM 478160104 22,681,930 109,599 SH DFND 1,2,8 108,060 0 1,499
KIMBERLY-CLARK CORPCOM COM 494368103 39,537,061 389,281 SH DFND 1,2,8 389,281 0 0
TEXAS INSTRS INCCOM COM 882508104 249,246 1,421 SH DFND 1,2,8 0 0 1,421
DANAHER CORPORATIONCOM COM 235851102 20,830,338 90,290 SH DFND 1,2,8 90,290 0 0
SERVICENOW INCCOM COM 81762P102 14,820,982 96,105 SH DFND 1,2,8 89,305 0 6,800
GLOBUS MED INCCL A CL A 379577208 12,002,273 136,500 SH DFND 1,2,8 136,500 0 0
MAGNUM ICE CREAM CO NVORD SHS ORD SHS N5505D105 5,066,930 317,598 SH DFND 1,2,8 317,598 0 0
ZEBRA TECHNOLOGIES CORPORATICL A CL A 989207105 15,760,966 63,900 SH DFND 1,2,8 63,900 0 0
MASIMO CORPCOM COM 574795100 6,400,379 48,839 SH DFND 1,2,8 48,839 0 0
ADVANCED DRAIN SYS INC DELCOM COM 00790R104 4,175,545 28,400 SH DFND 1,2,8 28,400 0 0
FERRARI N VCOM COM N3167Y103 4,791,412 12,800 SH DFND 1,2,8 12,800 0 0
EMERSON ELEC COCOM COM 291011104 189,306 1,399 SH DFND 1,2,8 0 0 1,399
EXPONENT INCCOM COM 30214U102 11,426,578 162,649 SH DFND 1,2,8 162,649 0 0
MOTOROLA SOLUTIONS INCCOM NEW COM NEW 620076307 2,073,472 5,400 SH DFND 1,2,8 5,400 0 0
OKLO INCCOM CL A COM CL A 02156V109 3,728,038 52,000 SH DFND 1,2,8 52,000 0 0
APPLE INCCOM COM 037833100 93,331,977 341,817 SH DFND 1,2,8 336,885 0 4,932
BECTON DICKINSON & COCOM COM 075887109 10,957,986 56,000 SH DFND 1,2,8 56,000 0 0
GARMIN LTDSHS SHS H2906T109 3,896,970 19,000 SH DFND 1,2,8 19,000 0 0
LOGITECH INTL S ASHS SHS H50430232 6,644,259 64,582 SH DFND 1,2,8 64,582 0 0
FRANCO NEV CORPCOM COM 351858105 53,486,122 257,495 SH DFND 1,2,8 253,068 0 4,427
ABBVIE INCCOM COM 00287Y109 321,440 1,399 SH DFND 1,2,8 0 0 1,399
YUM CHINA HLDGS INCCOM COM 98850P109 9,494,258 200,300 SH DFND 1,2,8 200,300 0 0
QUALCOMM INCCOM COM 747525103 6,773,223 39,000 SH DFND 1,2,8 39,000 0 0
DEXCOM INCCOM COM 252131107 3,353,892 50,000 SH DFND 1,2,8 50,000 0 0
TYLER TECHNOLOGIES INCCOM COM 902252105 15,957,466 34,820 SH DFND 1,2,8 32,900 0 1,920
COCA-COLA FEMSA SAB DE CVSPONS ADS REP SPONS ADS REP 191241108 5,703,242 60,000 SH DFND 1,2,8 60,000 0 0
LAM RESEARCH CORPCOM NEW COM NEW 512807306 11,123,353 64,000 SH DFND 1,2,8 64,000 0 0
IDEX CORPCOM COM 45167R104 33,881,601 188,900 SH DFND 1,2,8 187,800 0 1,100
ALAMOS GOLD INC NEWCOM CL A COM CL A 011532108 26,733,042 690,000 SH DFND 1,2,8 690,000 0 0
TRACTOR SUPPLY COCOM COM 892356106 7,078,808 140,600 SH DFND 1,2,8 140,600 0 0
QUALYS INCCOM COM 74758T303 2,152,491 16,000 SH DFND 1,2,8 16,000 0 0
ROPER TECHNOLOGIES INCCOM COM 776696106 19,291,912 42,851 SH DFND 1,2,8 41,651 0 1,200
BIO-TECHNE CORPCOM COM 09073M104 11,713,161 198,100 SH DFND 1,2,8 198,100 0 0
FORTINET INCCOM COM 34959E109 3,855,524 48,000 SH DFND 1,2,8 48,000 0 0
CHECK POINT SOFTWARE TECH LTORD ORD M22465104 28,057,219 149,700 SH DFND 1,2,8 149,700 0 0
UNITEDHEALTH GROUP INCCOM COM 91324P102 14,179,042 42,683 SH DFND 1,2,8 42,683 0 0
CLOROX CO DELCOM COM 189054109 17,112,747 169,720 SH DFND 1,2,8 168,200 0 1,520
D R HORTON INCCOM COM 23331A109 3,885,549 26,700 SH DFND 1,2,8 26,700 0 0
CONSTELLATION BRANDS INCCL A CL A 21036P108 197,619 1,410 SH DFND 1,2,8 1,410 0 0
BRISTOL-MYERS SQUIBB COCOM COM 110122108 13,394,145 247,000 SH DFND 1,2,8 247,000 0 0
WEST PHARMACEUTICAL SVSC INCCOM COM 955306105 13,818,646 49,900 SH DFND 1,2,8 49,900 0 0
WILLIAMS SONOMA INCCOM COM 969904101 3,103,183 17,100 SH DFND 1,2,8 17,100 0 0
WALMART INCCOM COM 931142103 5,707,907 51,000 SH DFND 1,2,8 51,000 0 0
ULTA BEAUTY INCCOM COM 90384S303 7,282,270 12,000 SH DFND 1,2,8 12,000 0 0
AGILENT TECHNOLOGIES INCCOM COM 00846U101 192,503 1,399 SH DFND 1,2,8 0 0 1,399
LINCOLN ELEC HLDGS INCCOM COM 533900106 2,507,847 10,300 SH DFND 1,2,8 10,300 0 0
PULTE GROUP INCCOM COM 745867101 2,598,530 22,000 SH DFND 1,2,8 22,000 0 0
JPMORGAN CHASE & CO.COM COM 46625H100 1,035,164 3,200 SH DFND 1,2,8 0 0 3,200
TAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS SPONSORED ADS 874039100 75,492,853 251,800 SH DFND 1,2,8 243,300 0 8,500
MERCK & CO INCCOM COM 58933Y105 5,888,245 55,500 SH DFND 1,2,8 55,500 0 0
WATSCO INCCOM COM 942622200 9,781,188 28,500 SH DFND 1,2,8 28,500 0 0
EBAY INC.COM COM 278642103 243,514 2,796 SH DFND 1,2,8 0 0 2,796
MSCI INCCOM COM 55354G100 14,691,946 25,240 SH DFND 1,2,8 24,800 0 440
CORE & MAIN INCCL A CL A 21874C102 11,865,655 224,400 SH DFND 1,2,8 224,400 0 0
ALIBABA GROUP HLDG LTDSPONSORED ADS SPONSORED ADS 01609W102 206,354 1,400 SH DFND 1,2,8 1,400 0 0
PEMBINA PIPELINE CORPCOM COM 706327103 793,811 20,800 SH DFND 1,2,8 15,000 0 5,800
CHURCH & DWIGHT CO INCCOM COM 171340102 11,344,132 134,300 SH DFND 1,2,8 134,300 0 0
INSULET CORPCOM COM 45784P101 1,435,660 5,002 SH DFND 1,2,8 5,002 0 0
ILLINOIS TOOL WKS INCCOM COM 452308109 5,493,410 21,900 SH DFND 1,2,8 21,900 0 0
COSTCO WHSL CORP NEWCOM COM 22160K105 6,146,944 7,100 SH DFND 1,2,8 7,100 0 0
TRADEWEB MKTS INCCL A CL A 892672106 2,589,590 24,000 SH DFND 1,2,8 24,000 0 0
ENBRIDGE INCCOM COM 29250N105 29,907,776 625,295 SH DFND 1,2,8 618,000 0 7,295
NETFLIX INCCOM COM 64110L106 10,130,291 108,000 SH DFND 1,2,8 108,000 0 0
VERTEX PHARMACEUTICALS INCCOM COM 92532F100 2,496,446 5,500 SH DFND 1,2,8 5,500 0 0
EQUIFAX INCCOM COM 294429105 18,226,020 82,540 SH DFND 1,2,8 81,800 0 740
ANALOG DEVICES INCCOM COM 032654105 366,350 1,333 SH DFND 1,2,8 0 0 1,333
EXXON MOBIL CORPCOM COM 30231G102 1,198,248 9,900 SH DFND 1,2,8 0 0 9,900
STRYKER CORPORATIONCOM COM 863667101 273,781 773 SH DFND 1,2,8 0 0 773
ELI LILLY & COCOM COM 532457108 18,904,829 17,500 SH DFND 1,2,8 17,500 0 0
PAYCOM SOFTWARE INCCOM COM 70432V102 9,037,942 56,300 SH DFND 1,2,8 56,300 0 0
TJX COS INC NEWCOM COM 872540109 39,559,481 254,653 SH DFND 1,2,8 254,653 0 0
AAON INCCOM COM PAR 000360206 11,578,508 147,200 SH DFND 1,2,8 147,200 0 0
WELLS FARGO CO NEWCOM COM 949746101 1,066,256 11,300 SH DFND 1,2,8 0 0 11,300
GRACO INCCOM COM 384109104 10,025,904 120,600 SH DFND 1,2,8 120,600 0 0
JOHNSON CTLS INTL PLCSHS SHS G51502105 312,548 2,584 SH DFND 1,2,8 0 0 2,584
CME GROUP INCCOM COM 12572Q105 2,206,973 8,000 SH DFND 1,2,8 8,000 0 0
TRANE TECHNOLOGIES PLCSHS SHS G8994E103 4,860,448 12,400 SH DFND 1,2,8 12,400 0 0
PAYCHEX INCCOM COM 704326107 12,468,912 109,965 SH DFND 1,2,8 109,965 0 0
POOL CORPCOM COM 73278L105 9,544,629 41,300 SH DFND 1,2,8 41,300 0 0
TERADYNE INCCOM COM 880770102 629,546 3,200 SH DFND 1,2,8 3,200 0 0
BENTLEY SYS INCCOM CL B COM CL B 08265T208 9,746,514 252,000 SH DFND 1,2,8 252,000 0 0
TEXAS PACIFIC LAND CORPORATICOM COM 88262P102 13,446,977 45,900 SH DFND 1,2,8 45,900 0 0
HENRY JACK & ASSOC INCCOM COM 426281101 18,349,027 99,400 SH DFND 1,2,8 99,400 0 0
CDW CORPCOM COM 12514G108 9,894,948 71,500 SH DFND 1,2,8 71,500 0 0
BLACKROCK INCCOM COM 09290D101 3,577,731 3,300 SH DFND 1,2,8 3,300 0 0
ALPHABET INCCAP STK CL C CAP STK CL C 02079K107 9,122,918 29,000 SH DFND 1,2,8 29,000 0 0
ATMOS ENERGY CORPCOM COM 049560105 5,396,869 32,000 SH DFND 1,2,8 32,000 0 0
APPLOVIN CORPCOM CL A COM CL A 03831W108 5,547,876 8,000 SH DFND 1,2,8 8,000 0 0
WW GRAINGER INCCOM COM 384802104 3,064,540 3,000 SH DFND 1,2,8 3,000 0 0
CADENCE DESIGN SYSTEM INCCOM COM 127387108 3,017,312 9,560 SH DFND 1,2,8 9,000 0 560
DECKERS OUTDOOR CORPCOM COM 243537107 189,098 1,800 SH DFND 1,2,8 0 0 1,800
CHEVRON CORP NEWCOM COM 166764100 1,005,354 6,600 SH DFND 1,2,8 0 0 6,600
CHEMED CORP NEWCOM COM 16359R103 15,290,855 35,500 SH DFND 1,2,8 35,500 0 0
NVR INCCOM COM 62944T105 2,639,245 360 SH DFND 1,2,8 360 0 0
COCA COLA COCOM COM 191216100 3,830,069 54,631 SH DFND 1,2,8 51,000 0 3,631
LULULEMON ATHLETICA INCCOM COM 550021109 3,097,715 14,700 SH DFND 1,2,8 14,700 0 0
ECOLAB INCCOM COM 278865100 169,280 640 SH DFND 1,2,8 0 0 640
WESCO INTL INCCOM COM 95082P105 3,247,473 13,000 SH DFND 1,2,8 13,000 0 0
GILEAD SCIENCES INCCOM COM 375558103 311,832 2,531 SH DFND 1,2,8 0 0 2,531
PROLOGIS INC.COM COM 74340W103 4,773,203 37,000 SH DFND 1,2,8 37,000 0 0
CINTAS CORPCOM COM 172908105 4,284,969 22,500 SH DFND 1,2,8 22,500 0 0
BURLINGTON STORES INCCOM COM 122017106 11,984,638 41,600 SH DFND 1,2,8 41,600 0 0
CHIPOTLE MEXICAN GRILL INCCOM COM 169656105 5,817,882 157,000 SH DFND 1,2,8 157,000 0 0
MONOLITHIC PWR SYS INCCOM COM 609839105 2,033,249 2,200 SH DFND 1,2,8 2,200 0 0
BERKSHIRE HATHAWAY INC DELCL B NEW CL B NEW 084670702 15,115,393 30,000 SH DFND 1,2,8 30,000 0 0