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
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 C CL C 02079K107 46,327 50,980 SH   SOLE   50,980 0 0
AMERICAN EXPRESS CO COM 025816109 38,009 451,196 SH   SOLE   451,196 0 0
AUTOZONE INC COM 053332102 71,881 125,305 SH   SOLE   125,305 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 25,919 270,050 SH   SOLE   270,050 0 0
EXPEDITORS INTL WASH INC COM 302130109 126,937 2,249,763 SH   SOLE   2,249,763 0 0
MASTERCARD INC - A CL A 57636Q104 112,351 925,080 SH   SOLE   925,080 0 0
SP GLOBAL INC COM 78409V104 27,837 190,677 SH   SOLE   190,677 0 0
MOODYS CORP COM 615369105 42,451 348,873 SH   SOLE   348,873 0 0
STARBUCKS CORP COM 855244109 44,908 757,652 SH   SOLE   757,652 0 0
VISA INC COM CL A 92826C839 37,996 405,160 SH   SOLE   405,160 0 0
WALT DISNEY CO/THE COM DISNEY 254687106 53,603 504,495 SH   SOLE   504,495 0 0
NIKE INC CL B 654106103 53,855 915,670 SH   SOLE   915,670 0 0