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
ABM INDS INC COM 000957100 4,690 163,195 SH   SOLE   163,195 0 0
ACE LTD SHS H0023R105 11,430 115,384 SH   SOLE   115,384 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 13,558 107,179 SH   SOLE   107,179 0 0
ALLEGHANY CORP DEL COM 017175100 4,463 10,955 SH   SOLE   10,955 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 11,581 231,577 SH   SOLE   231,577 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 10,981 783,231 SH   SOLE   783,231 0 0
AMERICAN TOWER CORP NEW COM 03027X100 28,093 343,140 SH   SOLE   343,140 0 0
AMETEK INC NEW COM 031100100 4,100 79,634 SH   SOLE   79,634 0 0
AON PLC SHS CL A G0408V102 17,002 201,736 SH   SOLE   201,736 0 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 6,514 135,027 SH   SOLE   135,027 0 0
AUTOZONE INC COM 053332102 14,356 26,728 SH   SOLE   26,728 0 0
AVALONBAY CMNTYS INC COM 053484101 8,676 66,071 SH   SOLE   66,071 0 0
AVERY DENNISON CORP COM 053611109 5,226 103,133 SH   SOLE   103,133 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 4,754 103,686 SH   SOLE   103,686 0 0
BEACON ROOFING SUPPLY INC COM 073685109 3,404 88,049 SH   SOLE   88,049 0 0
BERKLEY W R CORP COM 084423102 13,553 325,633 SH   SOLE   325,633 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11,819 94,577 SH   SOLE   94,577 0 0
BLACKROCK INC COM 09247X101 4,353 13,843 SH   SOLE   13,843 0 0
BROWN & BROWN INC COM 115236101 37,984 1,234,856 SH   SOLE   1,234,856 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 1,881 35,897 SH   SOLE   35,897 0 0
CANADIAN NATL RY CO COM 136375102 4,084 72,647 SH   SOLE   72,647 0 0
CANADIAN PAC RY LTD COM 13645T100 4,061 26,998 SH   SOLE   26,998 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 12,961 254,490 SH   SOLE   254,490 0 0
CHUBB CORP COM 171232101 4,344 48,643 SH   SOLE   48,643 0 0
CINEMARK HOLDINGS INC COM 17243V102 14,375 495,510 SH   SOLE   495,510 0 0
CLARCOR INC COM 179895107 10,672 186,090 SH   SOLE   186,090 0 0
COPART INC COM 217204106 30,150 828,519 SH   SOLE   828,519 0 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 4,136 132,061 SH   SOLE   132,061 0 0
CROWN CASTLE INTL CORP COM 228227104 33,359 452,144 SH   SOLE   452,144 0 0
CROWN HOLDINGS INC COM 228368106 4,245 94,886 SH   SOLE   94,886 0 0
CSX CORP COM 126408103 4,276 147,602 SH   SOLE   147,602 0 0
DANAHER CORP DEL COM 235851102 13,569 180,926 SH   SOLE   180,926 0 0
DENTSPLY INTL INC NEW COM 249030107 8,176 177,578 SH   SOLE   177,578 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 4,169 354,780 SH   SOLE   354,780 0 0
DOLLAR GEN CORP NEW COM 256677105 9,903 178,488 SH   SOLE   178,488 0 0
DOLLAR TREE INC COM 256746108 11,638 223,036 SH   SOLE   223,036 0 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 16,452 165,596 SH   SOLE   165,596 0 0
EATON VANCE CORP COM NON VTG 278265103 7,235 189,595 SH   SOLE   189,595 0 0
EBAY INC COM 278642103 4,189 75,841 SH   SOLE   75,841 0 0
ECOLAB INC COM 278865100 17,113 158,466 SH   SOLE   158,466 0 0
EPR PPTYS COM SH BEN INT 26884U109 2,405 45,051 SH   SOLE   45,051 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307 9,537 312,694 SH   SOLE   312,694 0 0
EQUIFAX INC COM 294429105 4,253 62,523 SH   SOLE   62,523 0 0
EQUINIX INC COM NEW 29444U502 15,600 84,399 SH   SOLE   84,399 0 0
EVEREST RE GROUP LTD COM G3223R108 4,195 27,411 SH   SOLE   27,411 0 0
EXPEDITORS INTL WASH INC COM 302130109 8,073 203,718 SH   SOLE   203,718 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 4,053 177,997 SH   SOLE   177,997 0 0
FACTSET RESH SYS INC COM 303075105 3,933 36,481 SH   SOLE   36,481 0 0
FAMILY DLR STORES INC COM 307000109 2,030 35,000 SH   SOLE   35,000 0 0
FASTENAL CO COM 311900104 3,967 80,462 SH   SOLE   80,462 0 0
FEDEX CORP COM 31428X106 4,170 31,456 SH   SOLE   31,456 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 7,634 142,832 SH   SOLE   142,832 0 0
FISERV INC COM 337738108 46,542 820,985 SH   SOLE   820,985 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 37,873 329,043 SH   SOLE   329,043 0 0
FULLER H B CO COM 359694106 8,491 175,863 SH   SOLE   175,863 0 0
GEO GROUP INC COM 36159R103 4,115 127,650 SH   SOLE   127,650 0 0
GILDAN ACTIVEWEAR INC COM 375916103 16,351 324,548 SH   SOLE   324,548 0 0
GRAINGER W W INC COM 384802104 4,285 16,959 SH   SOLE   16,959 0 0
HCP INC COM 40414L109 3,386 87,300 SH   SOLE   87,300 0 0
HEARTLAND PMT SYS INC COM 42235N108 7,447 179,670 SH   SOLE   179,670 0 0
HENRY JACK & ASSOC INC COM 426281101 4,448 79,778 SH   SOLE   79,778 0 0
HIGHWOODS PPTYS INC COM 431284108 4,202 109,392 SH   SOLE   109,392 0 0
HOME DEPOT INC COM 437076102 14,218 179,682 SH   SOLE   179,682 0 0
HONEYWELL INTL INC COM 438516106 4,245 45,761 SH   SOLE   45,761 0 0
HYATT HOTELS CORP COM CL A 448579102 6,216 115,519 SH   SOLE   115,519 0 0
IHS INC CL A 451734107 7,024 57,811 SH   SOLE   57,811 0 0
INGERSOLL-RAND PLC SHS G47791101 4,211 73,563 SH   SOLE   73,563 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1,235 12,913 SH   SOLE   12,913 0 0
INTERXION HOLDING N.V SHS N47279109 14,561 607,233 SH   SOLE   607,233 0 0
INVESCO LTD SHS G491BT108 8,568 231,568 SH   SOLE   231,568 0 0
KELLOGG CO COM 487836108 3,924 62,575 SH   SOLE   62,575 0 0
LAMAR ADVERTISING CO CL A 512815101 10,401 203,947 SH   SOLE   203,947 0 0
LKQ CORP COM 501889208 57,585 2,185,389 SH   SOLE   2,185,389 0 0
LOWES COS INC COM 548661107 35,736 730,791 SH   SOLE   730,791 0 0
M D C HLDGS INC COM 552676108 21,806 771,076 SH   SOLE   771,076 0 0
M/I HOMES INC COM 55305B101 399 17,793 SH   SOLE   17,793 0 0
MASTERCARD INC CL A 57636Q104 8,686 116,279 SH   SOLE   116,279 0 0
MCGRAW HILL FINL INC COM 580645109 8,462 110,899 SH   SOLE   110,899 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 4,180 50,272 SH   SOLE   50,272 0 0
MERITAGE HOMES CORP COM 59001A102 4,257 101,646 SH   SOLE   101,646 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 4,113 17,452 SH   SOLE   17,452 0 0
MID-AMER APT CMNTYS INC COM 59522J103 23,568 345,219 SH   SOLE   345,219 0 0
MOODYS CORP COM 615369105 811 10,224 SH   SOLE   10,224 0 0
NORFOLK SOUTHERN CORP COM 655844108 5,709 58,751 SH   SOLE   58,751 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 16,560 111,600 SH   SOLE   111,600 0 0
OLD DOMINION FGHT LINES INC COM 679580100 11,963 210,836 SH   SOLE   210,836 0 0
OMNICOM GROUP INC COM 681919106 4,298 59,200 SH   SOLE   59,200 0 0
PARTNERRE LTD COM G6852T105 3,404 32,886 SH   SOLE   32,886 0 0
PATTERSON COMPANIES INC COM 703395103 3,102 74,275 SH   SOLE   74,275 0 0
PERKINELMER INC COM 714046109 4,524 100,401 SH   SOLE   100,401 0 0
PETSMART INC COM 716768106 8,487 123,155 SH   SOLE   123,155 0 0
PROCTER & GAMBLE CO COM 742718109 3,922 48,656 SH   SOLE   48,656 0 0
RALPH LAUREN CORP CL A 751212101 12,281 76,314 SH   SOLE   76,314 0 0
RLJ LODGING TR COM 74965L101 2,271 84,920 SH   SOLE   84,920 0 0
ROPER INDS INC NEW COM 776696106 34,671 259,691 SH   SOLE   259,691 0 0
ROSS STORES INC COM 778296103 9,516 132,956 SH   SOLE   132,956 0 0
SALLY BEAUTY HLDGS INC COM 79546E104 563 20,534 SH   SOLE   20,534 0 0
SBA COMMUNICATIONS CORP COM 78388J106 32,805 360,655 SH   SOLE   360,655 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 16,631 294,819 SH   SOLE   294,819 0 0
SIMON PPTY GROUP INC NEW COM 828806109 6,659 40,605 SH   SOLE   40,605 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 4,471 59,883 SH   SOLE   59,883 0 0
SMUCKER J M CO COM NEW 832696405 25,223 259,394 SH   SOLE   259,394 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 2,402 218,796 SH   SOLE   218,796 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 6,420 80,650 SH   SOLE   80,650 0 0
STERICYCLE INC COM 858912108 10,655 93,778 SH   SOLE   93,778 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 275 20,041 SH   SOLE   20,041 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 7,455 213,013 SH   SOLE   213,013 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 8,578 71,339 SH   SOLE   71,339 0 0
TIM HORTONS INC COM 88706M103 4,137 74,802 SH   SOLE   74,802 0 0
TOLL BROTHERS INC COM 889478103 4,210 117,277 SH   SOLE   117,277 0 0
TRAVELERS COMPANIES INC COM 89417E109 4,272 50,204 SH   SOLE   50,204 0 0
UNITED STATIONERS INC COM 913004107 3,896 94,852 SH   SOLE   94,852 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 3,679 97,562 SH   SOLE   97,562 0 0
VANTIV INC CL A 92210H105 16,990 562,212 SH   SOLE   562,212 0 0
VENTAS INC COM 92276F100 8,347 137,815 SH   SOLE   137,815 0 0
VERISK ANALYTICS INC CL A 92345Y106 7,633 127,301 SH   SOLE   127,301 0 0
VISA INC COM CL A 92826C839 7,920 36,690 SH   SOLE   36,690 0 0
W P CAREY INC COM 92936U109 2,869 47,769 SH   SOLE   47,769 0 0
WASTE CONNECTIONS INC COM 941053100 4,093 93,326 SH   SOLE   93,326 0 0
WATSCO INC COM 942622200 20,744 207,624 SH   SOLE   207,624 0 0
WEX INC COM 96208T104 12,567 132,211 SH   SOLE   132,211 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 2,282 3,804 SH   SOLE   3,804 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 4,275 58,374 SH   SOLE   58,374 0 0
XL GROUP PLC SHS G98290102 7,992 255,755 SH   SOLE   255,755 0 0
ZOETIS INC CL A 98978V103 34,196 1,181,618 SH   SOLE   1,181,618 0 0