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
3M CO COM 88579Y101 898,248 5,182 SH SOLE 5,182 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 2,047,078 27,415 SH SOLE 27,415 0 0
ALPHABET INC CAP STK CL C 02079K107 98,763,828 91,371 SH SOLE 91,371 0 0
ALPHABET INC CAP STK CL A 02079K305 206,815 191 SH SOLE 191 0 0
AMAZON COM INC COM 023135106 1,541,415 814 SH SOLE 814 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 1,931,980 16,655 SH SOLE 16,655 0 0
ANTHEM INC COM 036752103 97,247,873 344,594 SH SOLE 344,594 0 0
APPLE INC COM 037833100 207,420 1,048 SH SOLE 1,048 0 0
AUTODESK INC COM 052769106 991,246 6,085 SH SOLE 6,085 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 78,987,799 370,539 SH SOLE 370,539 0 0
BLACKROCK INC COM 09247X101 18,932,501 40,342 SH SOLE 40,342 0 0
BURLINGTON STORES INC COM 122017106 236,679 1,391 SH SOLE 1,391 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 22,175,278 262,896 SH SOLE 262,896 0 0
CBRE GROUP INC CL A 12504L109 42,136,948 821,383 SH SOLE 821,383 0 0
CHEWY INC CL A 16679L109 343,000 9,800 SH SOLE 9,800 0 0
CHOICE HOTELS INTL INC COM 169905106 11,572,504 133,002 SH SOLE 133,002 0 0
CITIGROUP INC COM NEW 172967424 35,661,727 509,235 SH SOLE 509,235 0 0
CME GROUP INC COM 12572Q105 33,219,015 171,135 SH SOLE 171,135 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 69,171,612 1,091,207 SH SOLE 1,091,207 0 0
COLUMBIA SPORTSWEAR CO COM 198516106 206,830 2,065 SH SOLE 2,065 0 0
COMCAST CORP NEW CL A 20030N101 40,876,008 966,793 SH SOLE 966,793 0 0
CUBIC CORP COM 229669106 214,460 3,326 SH SOLE 3,326 0 0
DANAHER CORPORATION COM 235851102 2,117,360 14,815 SH SOLE 14,815 0 0
DISNEY WALT CO COM DISNEY 254687106 937,264 6,712 SH SOLE 6,712 0 0
DOVER CORP COM 260003108 50,043,688 499,438 SH SOLE 499,438 0 0
ECOLAB INC COM 278865100 2,118,729 10,731 SH SOLE 10,731 0 0
EXPEDIA GROUP INC COM NEW 30212P303 233,202 1,753 SH SOLE 1,753 0 0
FORTIVE CORP COM 34959J108 646,617 7,932 SH SOLE 7,932 0 0
GILEAD SCIENCES INC COM 375558103 39,378,832 582,872 SH SOLE 582,872 0 0
HASBRO INC COM 418056107 300,554 2,844 SH SOLE 2,844 0 0
HENRY SCHEIN INC COM 806407102 36,573,358 523,224 SH SOLE 523,224 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 398,877 4,081 SH SOLE 4,081 0 0
HOME DEPOT INC COM 437076102 1,097,874 5,279 SH SOLE 5,279 0 0
HUAZHU GROUP LTD SPONSORED ADS 44332N106 202,855 5,596 SH SOLE 5,596 0 0
HUBBELL INC COM 443510607 1,831,207 14,043 SH SOLE 14,043 0 0
IDEX CORP COM 45167R104 1,894,573 11,006 SH SOLE 11,006 0 0
INTEL CORP COM 458140100 42,045,753 878,332 SH SOLE 878,332 0 0
IPG PHOTONICS CORP COM 44980X109 18,537,919 120,181 SH SOLE 120,181 0 0
LAS VEGAS SANDS CORP COM 517834107 35,185,790 595,461 SH SOLE 595,461 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 274,474 4,143 SH SOLE 4,143 0 0
LULULEMON ATHLETICA INC COM 550021109 335,551 1,862 SH SOLE 1,862 0 0
MAGNA INTL INC COM 559222401 265,078 5,316 SH SOLE 5,316 0 0
MARATHON PETE CORP COM 56585A102 38,819,165 694,688 SH SOLE 694,688 0 0
MARRIOTT INTL INC NEW CL A 571903202 17,258,055 123,017 SH SOLE 123,017 0 0
MATCH GROUP INC COM 57665R106 246,814 3,669 SH SOLE 3,669 0 0
MICROSOFT CORP COM 594918104 96,933,456 723,600 SH SOLE 723,600 0 0
NETFLIX INC COM 64110L106 259,328 706 SH SOLE 706 0 0
NIKE INC CL B 654106103 422,436 5,032 SH SOLE 5,032 0 0
PROCTER AND GAMBLE CO COM 742718109 35,043,701 319,596 SH SOLE 319,596 0 0
PTC INC COM 69370C100 1,374,405 15,312 SH SOLE 15,312 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 213,557 3,071 SH SOLE 3,071 0 0
REVOLVE GROUP INC CL A 76156B107 248,434 7,201 SH SOLE 7,201 0 0
S&P GLOBAL INC COM 78409V104 25,823,869 113,367 SH SOLE 113,367 0 0
SEALED AIR CORP NEW COM 81211K100 1,823,840 42,633 SH SOLE 42,633 0 0
SERVICE CORP INTL COM 817565104 105,334,807 2,251,706 SH SOLE 2,251,706 0 0
SMITH A O CORP COM 831865209 739,846 15,688 SH SOLE 15,688 0 0
STANLEY BLACK & DECKER INC COM 854502101 11,834,882 81,840 SH SOLE 81,840 0 0
TAPESTRY INC COM 876030107 224,553 7,077 SH SOLE 7,077 0 0
TARGET CORP COM 87612E106 356,660 4,118 SH SOLE 4,118 0 0
TRIMBLE INC COM 896239100 1,809,588 40,115 SH SOLE 40,115 0 0
UBER TECHNOLOGIES INC COM 90353T100 271,648 5,857 SH SOLE 5,857 0 0
ULTA BEAUTY INC COM 90384S303 387,129 1,116 SH SOLE 1,116 0 0
VAIL RESORTS INC COM 91879Q109 229,875 1,030 SH SOLE 1,030 0 0
VEON LTD SPONSORED ADR 91822M106 914,220 326,507 SH SOLE 326,507 0 0
VISA INC COM CL A 92826C839 61,283,282 353,116 SH SOLE 353,116 0 0
WASTE MGMT INC DEL COM 94106L109 2,487,608 21,562 SH SOLE 21,562 0 0
WATERS CORP COM 941848103 1,814,258 8,429 SH SOLE 8,429 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102 733,047 7,867 SH SOLE 7,867 0 0
WAYFAIR INC CL A 94419L101 225,862 1,547 SH SOLE 1,547 0 0
WELBILT INC COM 949090104 864,409 51,761 SH SOLE 51,761 0 0
WELLS FARGO CO NEW COM 949746101 82,528,020 1,744,041 SH SOLE 1,744,041 0 0
WESTROCK CO COM 96145D105 1,661,026 45,545 SH SOLE 45,545 0 0
WINGSTOP INC COM 974155103 318,644 3,363 SH SOLE 3,363 0 0
XYLEM INC COM 98419M100 2,193,543 26,226 SH SOLE 26,226 0 0
YETI HLDGS INC COM 98585X104 240,256 8,299 SH SOLE 8,299 0 0