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
ALIBABA GROUP HOLDING ADR REP 8 ORD ADR REP 8 ORD 01609W102 29,896,120 278,000 SH SOLE 278,000 0 0
CHARTER COMMUNICATIONS CL A ORD CL A 16119P108 18,821,427 169,700 SH SOLE 169,700 0 0
CINTAS ORD COMMON 172908105 46,616,950 239,000 SH SOLE 239,000 0 0
FASTENAL ORD COMMON 311900104 68,604,597 1,385,112 SH SOLE 1,385,112 0 0
FORTIS ORD COMMON 349553107 21,696,249 410,000 SH SOLE 410,000 0 0
MICROSOFT ORD COMMON 594918104 88,740,419 173,017 SH SOLE 173,017 0 0
MOODYS ORD COMMON 615369105 61,899,282 136,300 SH SOLE 136,300 0 0
ORACLE ORD COMMON 68389X105 56,040,292 408,100 SH SOLE 408,100 0 0
PAYCHEX ORD COMMON 704326107 13,093,850 133,000 SH SOLE 133,000 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 125,038,986 654,963 SH SOLE 654,963 0 0
POOL ORD COMMON 73278L105 28,472,588 175,887 SH SOLE 175,887 0 0
TEXAS INSTRUMENTS ORD COMMON 882508104 111,156,030 397,000 SH SOLE 397,000 0 0
CHARLES SCHWAB ORD COMMON 808513105 65,576,830 671,000 SH SOLE 671,000 0 0
THERMO FISHER SCIENTIFIC ORD COMMON 883556102 75,461,725 111,767 SH SOLE 111,767 0 0
WATSCO ORD COMMON 942622200 79,072,226 261,439 SH SOLE 261,439 0 0