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 INC CAP STK CL A 02079K305 9,790 12,583 SH   SOLE   12,583 0 0
ALPHABET INC CAP STK CL C 02079K107 4,454 5,869 SH   SOLE   5,869 0 0
AMAZON COM INC COM 023135106 17,723 26,222 SH   SOLE   26,222 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 1,105 12,450 SH   SOLE   12,450 0 0
BANK AMER CORP COM 060505104 10,124 601,527 SH   SOLE   601,527 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 13,450 68 SH   SOLE   68 0 0
BIO RAD LABS INC CL A 090572207 19,136 138,007 SH   SOLE   138,007 0 0
CAPELLA EDUCATION COMPANY COM 139594105 1,822 39,416 SH   SOLE   39,416 0 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 8,740 403,529 SH   SOLE   403,529 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 10,019 55,591 SH   SOLE   55,591 0 0
ISHARES TR MSCI INDIA ETF 46429B598 624 22,700 SH   SOLE   22,700 0 0
NATIONAL INSTRS CORP COM 636518102 19,238 670,555 SH   SOLE   670,555 0 0
QAD INC CL A 74727D306 19,988 974,086 SH   SOLE   974,086 0 0
QAD INC CL B 74727D207 1,480 80,445 SH   SOLE   80,445 0 0
QIAGEN NV REG SHS N72482107 10,215 369,425 SH   SOLE   369,425 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 26,418 129,584 SH   SOLE   129,584 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,871 57,210 SH   SOLE   57,210 0 0
VERINT SYS INC COM 92343X100 14,616 360,354 SH   SOLE   360,354 0 0