The Securities and Exchange Commission has not necessarily
reviewed the information in this filing and has not determined
if it is accurate and complete.
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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 |
| ALLEGION PLC | ORD SHS | G0176J109 | 255,692 | 1,820 | SH | DFND | 1,2 | 1,820 | 0 | 0 | |
| ALPHABET INC | CAP STK CL A | 02079K305 | 373,552,071 | 1,045,281 | SH | DFND | 1,2,3 | 953,927 | 0 | 91,354 | |
| AMAZON COM INC | COM | 023135106 | 304,367,807 | 1,277,032 | SH | DFND | 1,2,3 | 1,144,387 | 0 | 132,645 | |
| AMERICAN EXPRESS CO | COM | 025816109 | 128,834,351 | 380,885 | SH | DFND | 1,2,3 | 330,004 | 0 | 50,881 | |
| AMPHENOL CORP | CL A | 032095101 | 4,612,884 | 26,162 | SH | DFND | 1,2 | 26,162 | 0 | 0 | |
| ANALOG DEVICES INC | COM | 032654105 | 46,025,648 | 115,884 | SH | DFND | 1,2 | 112,657 | 0 | 3,227 | |
| AON PLC | SHS CL A | G0403H108 | 272,075,356 | 820,270 | SH | DFND | 1,2,3 | 705,438 | 0 | 114,832 | |
| APPLE INC | COM | 037833100 | 58,538,685 | 202,304 | SH | DFND | 1,2 | 202,304 | 0 | 0 | |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 | 2,214,488 | 69,638 | SH | DFND | 1,2 | 69,638 | 0 | 0 | |
| BECTON DICKINSON & CO | COM | 075887109 | 1,859,997 | 12,291 | SH | DFND | 1,2 | 12,291 | 0 | 0 | |
| BOOKING HOLDINGS INC | COM | 09857L108 | 7,053,670 | 39,574 | SH | DFND | 1,2 | 39,574 | 0 | 0 | |
| BROADCOM INC | COM | 11135F101 | 54,474,572 | 144,208 | SH | DFND | 1,2,3 | 121,814 | 0 | 22,394 | |
| CINTAS CORP | COM | 172908105 | 178,404,906 | 1,048,947 | SH | DFND | 1,2,3 | 922,745 | 0 | 126,202 | |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | 593,189 | 15,316 | SH | DFND | 1,2 | 15,316 | 0 | 0 | |
| COPART INC | COM | 217204106 | 5,742,613 | 203,711 | SH | DFND | 1,2 | 203,711 | 0 | 0 | |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | 24,455,992 | 26,143 | SH | DFND | 1,2 | 26,143 | 0 | 0 | |
| DANAHER CORP DEL | COM | 235851102 | 658,489 | 3,457 | SH | DFND | 1,2 | 3,457 | 0 | 0 | |
| ELI LILLY & CO | COM | 532457108 | 131,970,884 | 110,028 | SH | DFND | 1,2,3 | 97,277 | 0 | 12,751 | |
| FASTENAL CO | COM | 311900104 | 12,802,204 | 266,546 | SH | DFND | 1,2 | 225,116 | 0 | 41,430 | |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | 13,957,852 | 58,812 | SH | DFND | 1,2 | 58,812 | 0 | 0 | |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | 10,634,650 | 411,717 | SH | DFND | 1,2 | 411,717 | 0 | 0 | |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | 4,016,741 | 12,155 | SH | DFND | 1,2 | 12,155 | 0 | 0 | |
| ICICI BANK LIMITED | ADR | 45104G104 | 2,269,014 | 78,161 | SH | DFND | 1,2 | 78,161 | 0 | 0 | |
| IDEXX LABS INC | COM | 45168D104 | 138,223,139 | 262,562 | SH | DFND | 1,2,3 | 232,133 | 0 | 30,429 | |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | 50,186,023 | 126,197 | SH | DFND | 1,2,3 | 106,514 | 0 | 19,683 | |
| JOHNSON & JOHNSON | COM | 478160104 | 327,501,426 | 1,289,528 | SH | DFND | 1,2,3 | 1,190,237 | 0 | 99,291 | |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 | 4,444,976 | 345,375 | SH | DFND | 1,2 | 345,375 | 0 | 0 | |
| LINDE PLC | SHS | G54950103 | 266,263,444 | 513,091 | SH | DFND | 1,2,3 | 458,198 | 0 | 54,893 | |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 | 25,901,818 | 486,054 | SH | DFND | 1,2,3 | 486,054 | 0 | 0 | |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | 14,097,806 | 27,449 | SH | DFND | 1,2 | 27,449 | 0 | 0 | |
| MERCADOLIBRE INC | COM | 58733R102 | 98,934,074 | 58,286 | SH | DFND | 1,2,3 | 51,531 | 0 | 6,755 | |
| META PLATFORMS INC | CL A | 30303M102 | 24,251,324 | 43,053 | SH | DFND | 1,2 | 43,053 | 0 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 246,530,037 | 660,903 | SH | DFND | 1,2,3 | 597,748 | 0 | 63,155 | |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | 98,494,329 | 237,170 | SH | DFND | 1,2,3 | 205,399 | 0 | 31,771 | |
| MSCI INC | COM | 55354G100 | 9,903,187 | 17,683 | SH | DFND | 1,2 | 17,683 | 0 | 0 | |
| NETFLIX INC. | COM | 64110L106 | 65,614,815 | 918,975 | SH | DFND | 1,2,3 | 785,672 | 0 | 133,303 | |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 | 17,972,553 | 1,345,251 | SH | DFND | 1,2,3 | 1,345,251 | 0 | 0 | |
| NVIDIA CORPORATION | COM | 67066G104 | 138,936,093 | 694,368 | SH | DFND | 1,2,3 | 592,321 | 0 | 102,047 | |
| ORACLE CORP | COM | 68389X105 | 30,658,993 | 209,205 | SH | DFND | 1,2 | 209,205 | 0 | 0 | |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 3,127,861 | 41,005 | SH | DFND | 1,2 | 41,005 | 0 | 0 | |
| QUALCOMM INC | COM | 747525103 | 1,959,883 | 10,606 | SH | DFND | 1,2 | 10,606 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 179,209,061 | 440,036 | SH | DFND | 1,2,3 | 389,316 | 0 | 50,720 | |
| SERVICE CORP INTL | COM | 817565104 | 22,684,846 | 298,642 | SH | DFND | 1,2 | 298,642 | 0 | 0 | |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | 83,413,361 | 181,677 | SH | DFND | 1,2,3 | 157,895 | 0 | 23,782 | |
| STRYKER CORPORATION | COM | 863667101 | 28,247,760 | 89,721 | SH | DFND | 1,2 | 89,721 | 0 | 0 | |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 482,577,799 | 1,010,486 | SH | DFND | 1,2,3 | 880,732 | 0 | 129,754 | |
| TRIP COM GROUP LTD | ADS | 89677Q107 | 777,796 | 19,523 | SH | DFND | 1 | 19,523 | 0 | 0 | |
| UBER TECHNOLOGIES INC | COM | 90353T100 | 75,266,272 | 1,043,047 | SH | DFND | 1,2,3 | 884,231 | 0 | 158,816 | |
| UNITED RENTALS INC | COM | 911363109 | 7,176,858 | 6,335 | SH | DFND | 1,2 | 6,335 | 0 | 0 | |
| VERISK ANALYTICS INC | COM | 92345Y106 | 110,038,425 | 612,925 | SH | DFND | 1,2,3 | 526,882 | 0 | 86,043 | |
| VISA INC | COM CL A | 92826C839 | 316,465,187 | 922,397 | SH | DFND | 1,2,3 | 827,733 | 0 | 94,664 | |
| VULCAN MATLS CO | COM | 929160109 | 28,872,924 | 97,871 | SH | DFND | 1,2 | 97,871 | 0 | 0 | |
| WALMART INC | COM | 931142103 | 1,434,211 | 12,663 | SH | DFND | 1 | 12,663 | 0 | 0 | |
| YUM CHINA HLDGS INC | COM | 98850P109 | 6,677,749 | 163,390 | SH | DFND | 1,2 | 163,390 | 0 | 0 | |
| ZOETIS INC | CL A | 98978V103 | 215,293 | 2,996 | SH | DFND | 1,2 | 2,996 | 0 | 0 | |