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
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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
ALPHABET INC CAP STK CL A 02079K305 9,600 12,583 SH   SOLE   12,583 0 0
ALPHABET INC CAP STK CL C 02079K107 4,372 5,869 SH   SOLE   5,869 0 0
AMAZON COM INC COM 023135106 15,566 26,222 SH   SOLE   26,222 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 1,250 12,450 SH   SOLE   12,450 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 14,515 68 SH   SOLE   68 0 0
BIO RAD LABS INC CL A 090572207 18,868 138,007 SH   SOLE   138,007 0 0
CAPELLA EDUCATION COMPANY COM 139594105 2,075 39,416 SH   SOLE   39,416 0 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 9,059 403,529 SH   SOLE   403,529 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 8,727 55,591 SH   SOLE   55,591 0 0
NATIONAL INSTRS CORP COM 636518102 20,190 670,555 SH   SOLE   670,555 0 0
QAD INC CL A 74727D306 22,654 1,066,072 SH   SOLE   1,066,072 0 0
QAD INC CL B 74727D207 1,522 85,907 SH   SOLE   85,907 0 0
QIAGEN NV REG SHS N72482107 8,253 369,425 SH   SOLE   369,425 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,565 100,064 SH   SOLE   100,064 0 0
TEXTURA CORP COM 883211104 10,687 573,665 SH   SOLE   573,665 0 0
VERINT SYS INC COM 92343X100 12,029 360,354 SH   SOLE   360,354 0 0