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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
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
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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 298,782,388 7,912,669 SH SOLE 5,011,742 0 2,900,927
TRANSUNION Equity 89400J107 195,300,968 2,707,249 SH SOLE 1,644,482 0 1,062,767
TPG INC Equity 872657101 95,773,504 2,361,862 SH SOLE 778,222 0 1,583,640
ARES MANAGEMENT CORPORATION Equity 03990B101 211,776,180 1,902,580 SH SOLE 1,193,484 0 709,096
EVEREST GROUP LTD Equity G3223R108 370,414,055 1,036,906 SH SOLE 716,996 0 319,910
AMAZON COM INC Equity 023135106 236,613,942 992,758 SH SOLE 671,034 0 321,724
MICROSOFT CORP Equity 594918104 368,135,303 986,905 SH SOLE 684,433 0 302,472
CARMAX INC Equity 143130102 48,269,424 912,638 SH SOLE 345,663 0 566,975
FISERV INC Equity 337738108 43,848,983 893,965 SH SOLE 285,779 0 608,186
MILLERKNOLL INC Equity 600544100 17,148,563 838,151 SH SOLE 312,595 0 525,556
SERVICENOW INC Equity 81762P102 57,067,236 574,811 SH SOLE 155,786 0 419,025
ALPHABET INC Equity 02079K107 190,611,642 539,472 SH SOLE 352,196 0 187,276
GENPACT LIMITED Equity G3922B107 14,343,653 521,587 SH SOLE 292,384 0 229,203
MASTERCARD INCORPORATED Equity 57636Q104 258,320,770 502,961 SH SOLE 320,229 0 182,732
NICE LTD Equity 653656108 43,464,548 478,421 SH SOLE 168,236 0 310,185
VISA INC Equity 92826C839 158,942,618 463,268 SH SOLE 315,065 0 148,203
STANDARDAERO INC Equity 85423L103 13,484,115 450,287 SH SOLE 169,507 0 280,780
ABM INDS INC Equity 000957100 19,844,257 448,559 SH SOLE 252,804 0 195,755
PROG HOLDINGS INC Equity 74319R101 13,100,485 281,066 SH SOLE 104,980 0 176,086
IQVIA HLDGS INC Equity 46266C105 50,209,376 259,856 SH SOLE 88,141 0 171,715
FORTUNE BRANDS INNOVATIONS I Equity 34964C106 11,792,427 214,798 SH SOLE 80,166 0 134,632
COLLIERS INTL GROUP INC Equity 194693107 19,874,992 211,910 SH SOLE 107,681 0 104,229
QORVO INC Equity 74736K101 16,911,250 181,315 SH SOLE 100,208 0 81,107
TRANSDIGM GROUP INC Equity 893641100 227,018,245 170,429 SH SOLE 112,812 0 57,617
SALESFORCE INC Equity 79466L302 25,694,277 164,013 SH SOLE 61,636 0 102,377
ELEVANCE HEALTH INC FORMERLY Equity 036752103 60,280,765 155,873 SH SOLE 57,340 0 98,533
HEICO CORP NEW Equity 422806208 39,645,409 153,718 SH SOLE 56,303 0 97,415
MEDPACE HLDGS INC Equity 58506Q109 75,065,675 141,743 SH SOLE 52,232 0 89,511
ITURAN LOCATION AND CONTROL Equity M6158M104 7,566,930 124,028 SH SOLE 47,379 0 76,649
JONES LANG LASALLE INC Equity 48020Q107 29,835,167 96,258 SH SOLE 27,176 0 69,082
EQUIFAX INC Equity 294429105 14,403,523 90,748 SH SOLE 33,290 0 57,458
BADGER METER INC Equity 056525108 10,191,378 68,684 SH SOLE 25,845 0 42,839
UNITEDHEALTH GROUP INC Equity 91324P102 27,975,640 67,309 SH SOLE 22,041 0 45,268
VEEVA SYS INC Equity 922475108 3,769,463 21,240 SH SOLE 16,455 0 4,785
LITTELFUSE INC Equity 537008104 7,944,681 17,448 SH SOLE 6,674 0 10,774
ISHARES TR Equity 464287598 1,748,578 7,011 SH SOLE 68 0 6,943