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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
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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
RYAN SPECIALTY HOLDINGS INC Equity 78351F107 222,526,615 6,595,335 SH SOLE 4,317,624 0 2,277,711
TRANSUNION Equity 89400J107 221,920,381 3,207,405 SH SOLE 2,124,283 0 1,083,122
CARMAX INC Equity 143130102 91,678,744 2,204,876 SH SOLE 888,235 0 1,316,641
TPG INC Equity 872657101 80,453,913 1,986,026 SH SOLE 661,572 0 1,324,454
ARES MANAGEMENT CORPORATION Equity 03990B101 184,507,302 1,691,176 SH SOLE 1,002,422 0 688,754
AMAZON COM INC Equity 023135106 332,371,428 1,595,868 SH SOLE 1,139,801 0 456,067
EVEREST GROUP LTD Equity G3223R108 445,125,711 1,361,865 SH SOLE 957,745 0 404,120
MILLERKNOLL INC Equity 600544100 19,153,851 1,324,609 SH SOLE 741,931 0 582,678
PARK HOTELS & RESORTS INC Equity 700517105 12,592,142 1,195,835 SH SOLE 671,083 0 524,752
MICROSOFT CORP Equity 594918104 410,515,198 1,108,991 SH SOLE 783,423 0 325,568
FISERV INC Equity 337738108 61,081,972 1,094,659 SH SOLE 382,301 0 712,358
UNITEDHEALTH GROUP INC Equity 91324P102 246,960,458 912,674 SH SOLE 609,091 0 303,583
STANDARDAERO INC Equity 85423L103 18,549,315 716,983 SH SOLE 396,250 0 320,733
GENPACT LIMITED Equity G3922B107 26,459,142 710,313 SH SOLE 432,537 0 277,776
ALPHABET INC Equity 02079K107 194,076,854 676,556 SH SOLE 454,504 0 222,052
VISA INC Equity 92826C839 193,268,577 639,454 SH SOLE 452,005 0 187,449
ABM INDS INC Equity 000957100 24,278,999 630,296 SH SOLE 386,700 0 243,596
NICE LTD Equity 653656108 63,103,011 572,311 SH SOLE 213,588 0 358,723
PROG HOLDINGS INC Equity 74319R101 16,247,546 566,314 SH SOLE 319,565 0 246,749
SERVICENOW INC Equity 81762P102 55,810,567 533,817 SH SOLE 157,018 0 376,799
ITURAN LOCATION AND CONTROL Equity M6158M104 24,203,098 493,840 SH SOLE 279,710 0 214,130
MASTERCARD INCORPORATED Equity 57636Q104 191,459,219 383,179 SH SOLE 269,453 0 113,726
FORTUNE BRANDS INNOVATIONS I Equity 34964C106 13,388,664 343,563 SH SOLE 190,101 0 153,462
ELEVANCE HEALTH INC FORMERLY Equity 036752103 86,879,710 296,771 SH SOLE 112,245 0 184,526
QORVO INC Equity 74736K101 20,806,126 268,813 SH SOLE 165,097 0 103,716
COLLIERS INTL GROUP INC Equity 194693107 27,291,208 255,321 SH SOLE 157,364 0 97,957
IQVIA HLDGS INC Equity 46266C105 42,311,145 248,101 SH SOLE 96,667 0 151,434
MEDPACE HLDGS INC Equity 58506Q109 97,511,223 203,068 SH SOLE 86,873 0 116,195
SALESFORCE INC Equity 79466L302 36,737,216 196,803 SH SOLE 76,576 0 120,227
TRANSDIGM GROUP INC Equity 893641100 213,512,883 184,228 SH SOLE 132,766 0 51,462
HEICO CORP NEW Equity 422806208 37,670,277 178,456 SH SOLE 68,845 0 109,611
JONES LANG LASALLE INC Equity 48020Q107 33,337,952 109,549 SH SOLE 39,066 0 70,483
LITTELFUSE INC Equity 537008104 26,505,664 78,107 SH SOLE 49,384 0 28,723