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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 51,982 50,380 SH   SOLE   50,380 0 0
AMERICAN EXPRESS CO COM 025816109 37,202 398,824 SH   SOLE   398,824 0 0
AUTOZONE INC COM 053332102 51,304 79,088 SH   SOLE   79,088 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 37,497 250,450 SH   SOLE   250,450 0 0
EXPEDITORS INTL WASH INC COM 302130109 155,644 2,458,826 SH   SOLE   2,458,826 0 0
MASTERCARD INC - A CL A 57636Q104 118,037 673,880 SH   SOLE   673,880 0 0
S&P GLOBAL INC COM 78409V104 52,136 272,877 SH   SOLE   272,877 0 0
MOODY'S CORP COM 615369105 57,693 357,673 SH   SOLE   357,673 0 0
STARBUCKS CORP COM 855244109 115,094 1,988,152 SH   SOLE   1,988,152 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 33,537 280,360 SH   SOLE   280,360 0 0
WALT DISNEY CO/THE COM DISNEY 254687106 1,657 16,495 SH   SOLE   16,495 0 0
NIKE INC -CL B CL B 654106103 69,018 1,038,797 SH   SOLE   1,038,797 0 0