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
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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 CLASS C CAPITAL STOCK 02079K107 6,921,932 24,130 SH SOLE 0 0 24,130
AMAZON.COM INC COMMON STOCK 023135106 21,033,187 100,990 SH SOLE 0 0 100,990
BOOKING HOLDINGS INC COMMON STOCK 09857L108 4,736,610 1,125 SH SOLE 0 0 1,125
BROWN & BROWN INC COMMON STOCK 115236101 6,586,210 101,000 SH SOLE 0 0 101,000
CANADIAN PACIFIC KANSAS CITY COMMON STOCK 13646K108 11,642,073 148,005 SH SOLE 0 0 148,005
DANAHER CORP COMMON STOCK 235851102 11,179,764 58,965 SH SOLE 0 0 58,965
KKR & CO INC COMMON STOCK 48251W104 7,981,825 86,290 SH SOLE 0 0 86,290
LPL FINANCIAL HOLDINGS INC COMMON STOCK 50212V100 13,522,309 44,950 SH SOLE 0 0 44,950
MASTERCARD INC CLASS A COMMON STOCK 57636Q104 19,321,353 38,669 SH SOLE 0 0 38,669
MICROSOFT CORP COMMON STOCK 594918104 18,695,436 50,505 SH SOLE 0 0 50,505
S&P GLOBAL INC COMMON STOCK 78409V104 18,961,657 44,580 SH SOLE 0 0 44,580
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SPONSORED ADR 874039100 14,528,471 42,990 SH SOLE 0 0 42,990
THERMO FISHER SCIENTIFIC INC COMMON STOCK 883556102 9,223,560 18,765 SH SOLE 0 0 18,765
UBER TECHNOLOGIES INC COMMON STOCK 90353T100 14,429,877 200,610 SH SOLE 0 0 200,610
VISA INC CLASS A COMMON STOCK 92826C839 11,855,364 39,225 SH SOLE 0 0 39,225
YUM! BRANDS INC COMMON STOCK 988498101 9,182,649 59,060 SH SOLE 0 0 59,060