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
ALPHABET INC CAP STK CL A 02079K305 1,479,709,502 4,300,481 SH SOLE 4,300,481 0 0
AMAZON COM INC COM 023135106 724,929,332 2,909,610 SH SOLE 2,909,610 0 0
ANALOG DEVICES INC COM 032654105 348,641,839 878,833 SH SOLE 878,833 0 0
AON PLC SHS CL A G0403H108 203,516,652 735,173 SH SOLE 735,173 0 0
AUTOZONE INC COM 053332102 671,337,344 237,220 SH SOLE 237,220 0 0
BROADCOM INC COM 11135F101 126,821,733 361,120 SH SOLE 361,120 0 0
CANADIAN NATL RY CO COM 136375102 227,652,480 1,914,655 SH SOLE 1,914,655 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 336,226,407 6,128,808 SH SOLE 6,128,808 0 0
CME GROUP INC COM 12572Q105 683,806,311 2,610,147 SH SOLE 2,610,147 0 0
COLGATE PALMOLIVE CO COM 194162103 116,777,399 1,368,699 SH SOLE 1,368,699 0 0
COPART INC COM 217204106 164,384,179 6,025,813 SH SOLE 6,025,813 0 0
DONALDSON INC COM 257651109 724,869 8,328 SH SOLE 8,328 0 0
EXPONENT INC COM 30214U102 771,563 11,794 SH SOLE 11,794 0 0
FEDERAL SIGNAL CORP COM 313855108 1,704,615 15,386 SH SOLE 15,386 0 0
GRACO INC COM 384109104 236,228,367 3,074,289 SH SOLE 3,074,289 0 0
HAYWARD HLDGS INC COM 421298100 940,864 76,868 SH SOLE 76,868 0 0
HDFC BANK LTD SPONSORED ADS 40415F101 108,990,873 4,878,732 SH SOLE 4,878,732 0 0
HENRY JACK & ASSOC INC COM 426281101 931,060 6,500 SH SOLE 6,500 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 193,287,803 607,594 SH SOLE 607,594 0 0
HOULIHAN LOKEY INC CL A 441593100 1,287,910 10,194 SH SOLE 10,194 0 0
INTERPARFUMS INC COM 458334109 843,407 7,601 SH SOLE 7,601 0 0
JBT MAREL CORPORATION COM 477839104 932,254 8,829 SH SOLE 8,829 0 0
JOHNSON & JOHNSON COM 478160104 433,311,607 1,636,744 SH SOLE 1,636,744 0 0
KLA CORP COM NEW 482480100 471,418,712 2,418,400 SH SOLE 2,418,400 0 0
LINDE PLC SHS G54950103 384,849,543 810,807 SH SOLE 810,807 0 0
LOWES COS INC COM 548661107 56,511,054 306,642 SH SOLE 306,642 0 0
MASTERCARD INCORPORATED CL A 57636Q104 986,454,095 1,788,772 SH SOLE 1,788,772 0 0
MEDPACE HLDGS INC COM 58506Q109 923,786 1,480 SH SOLE 1,480 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 479,427,457 317,302 SH SOLE 317,302 0 0
MICROSOFT CORP COM 594918104 1,250,166,566 2,437,447 SH SOLE 2,437,447 0 0
MOODYS CORP COM 615369105 1,007,994,214 2,219,616 SH SOLE 2,219,616 0 0
MSCI INC COM 55354G100 480,005,313 891,110 SH SOLE 891,110 0 0
OTIS WORLDWIDE CORP COM 68902V107 260,171,441 4,044,954 SH SOLE 4,044,954 0 0
PEPSICO INC COM 713448108 267,538,614 2,111,258 SH SOLE 2,111,258 0 0
S&P GLOBAL INC COM 78409V104 249,812,679 633,265 SH SOLE 633,265 0 0
SHERWIN WILLIAMS CO COM 824348106 492,957,009 1,524,908 SH SOLE 1,524,908 0 0
SIMPSON MFG INC COM 829073105 309,293 1,810 SH SOLE 1,810 0 0
STEVANATO GROUP S P A ORD SHS T9224W109 867,208 41,335 SH SOLE 41,335 0 0
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 2,113,571,618 4,631,892 SH SOLE 4,631,892 0 0
TJX COS INC NEW COM 872540109 484,035,627 3,658,345 SH SOLE 3,658,345 0 0
TREX INC COM 89531P105 490,878 11,269 SH SOLE 11,269 0 0
UNITEDHEALTH GROUP INC COM 91324P102 304,060,440 828,322 SH SOLE 828,322 0 0
WD 40 CO COM 929236107 613,787 3,039 SH SOLE 3,039 0 0