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
C H ROBINSON WORLDWIDE IN COM NEW 12541W209 42,509,845 225,708 SH SOLE 225,708 0 0
CHURCHILL DOWNS INC COM 171484108 32,992,361 368,054 SH SOLE 368,054 0 0
CINTAS CORP COM 172908105 51,248,336 301,319 SH SOLE 301,319 0 0
GILDAN ACTIVEWEAR INC COM 375916103 34,305,434 664,834 SH SOLE 664,834 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 41,096,485 333,982 SH SOLE 333,982 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 48,052,189 145,410 SH SOLE 145,410 0 0
KKR & CO INC COM 48251W104 155,004,672 1,688,872 SH SOLE 1,688,872 0 0
ROCKET COS INC COM CL A 77311W101 26,634,794 1,691,098 SH SOLE 1,691,098 0 0
S&P GLOBAL INC COM 78409V104 90,198,723 221,477 SH SOLE 221,477 0 0
SOMNIGROUP INTERNATIONAL INC COM 88023U101 94,535,269 1,205,807 SH SOLE 1,205,807 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 52,693,432 114,768 SH SOLE 114,768 0 0
SS&C TECH HLDGS COM 78467J100 35,168,079 566,770 SH SOLE 566,770 0 0
TEXAS INSTRS INC COM 882508104 50,732,408 170,203 SH SOLE 170,203 0 0
TRANSDIGM GROUP INC COM 893641100 67,148,136 50,410 SH SOLE 50,410 0 0
TYLER TECHNOLOGIES INC COM 902252105 53,676,646 183,535 SH SOLE 183,535 0 0
VISA INC COM CL A 92826C839 113,693,507 331,381 SH SOLE 331,381 0 0
WASTE CONNECTIONS INC COM 94106B101 49,923,822 299,501 SH SOLE 299,501 0 0
WOODWARD INC COM 980745103 82,008,240 192,761 SH SOLE 192,761 0 0