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
AGILENT TECHNOLOGIES INC COM 00846U101 84,414 2,019,000 SH   DFND 1,428,000 0 591,000
AGILENT TECHNOLOGIES INC COM 00846U101 116,453 2,785,300 SH   DFND 1 2,015,800 0 769,500
ALPHABET INC CAP STK CL A 02079K305 164,492 211,427 SH   DFND 149,113 0 62,314
ALPHABET INC CAP STK CL A 02079K305 228,321 293,468 SH   DFND 1 213,241 0 80,227
ALPHABET INC CAP STK CL C 02079K107 126,382 166,538 SH   DFND 116,993 0 49,545
ALPHABET INC CAP STK CL C 02079K107 175,943 231,845 SH   DFND 1 168,748 0 63,097
AMBEV SA SPONSORED ADR 02319V103 31,949 7,163,369 SH   DFND 1 5,186,694 0 1,976,675
AMBEV SA SPONSORED ADR 02319V103 23,070 5,172,609 SH   DFND 3,658,209 0 1,514,400
AMERICAN EXPRESS CO COM 025816109 85,738 1,232,750 SH   DFND 1 894,650 0 338,100
AMERICAN EXPRESS CO COM 025816109 61,830 889,000 SH   DFND 628,900 0 260,100
ANALOG DEVICES INC COM 032654105 174,896 3,161,539 SH   DFND 2,238,079 0 923,460
ANALOG DEVICES INC COM 032654105 241,236 4,360,734 SH   DFND 1 3,156,274 0 1,204,460
BAIDU INC SPON ADR REP A 056752108 176,813 935,321 SH   DFND 661,421 0 273,900
BAIDU INC SPON ADR REP A 056752108 244,410 1,292,903 SH   DFND 1 935,653 0 357,250
BITAUTO HLDGS LTD SPONSORED ADS 091727107 23,796 841,440 SH   DFND 595,386 0 246,054
BITAUTO HLDGS LTD SPONSORED ADS 091727107 32,666 1,155,089 SH   DFND 1 834,477 0 320,612
CIMPRESS N V SHS EURO N20146101 73,596 907,031 SH   DFND 1 656,343 0 250,688
CIMPRESS N V SHS EURO N20146101 53,323 657,172 SH   DFND 464,782 0 192,390
CME GROUP INC COM 12572Q105 134,705 1,486,805 SH   DFND 1 1,078,100 0 408,705
CME GROUP INC COM 12572Q105 97,558 1,076,800 SH   DFND 761,600 0 315,200
CREDIT ACCEP CORP MICH COM 225310101 55,074 257,330 SH   DFND 1 186,045 0 71,285
CREDIT ACCEP CORP MICH COM 225310101 39,715 185,568 SH   DFND 131,403 0 54,165
ECOLAB INC COM 278865100 158,691 1,387,405 SH   DFND 978,030 0 409,375
ECOLAB INC COM 278865100 219,998 1,923,392 SH   DFND 1 1,397,968 0 525,424
FIDELITY NATL INFORMATION SV COM 31620M106 205,802 3,396,076 SH   DFND 2,402,947 0 993,129
FIDELITY NATL INFORMATION SV COM 31620M106 283,698 4,681,486 SH   DFND 1 3,386,492 0 1,294,994
GRAINGER W W INC COM 384802104 42,050 207,563 SH   DFND 146,649 0 60,914
GRAINGER W W INC COM 384802104 58,289 287,720 SH   DFND 1 208,500 0 79,220
HARLEY DAVIDSON INC COM 412822108 115,880 2,552,987 SH   DFND 1,806,536 0 746,451
HARLEY DAVIDSON INC COM 412822108 159,879 3,522,342 SH   DFND 1 2,546,610 0 975,732
INTERCONTINENTAL EXCHANGE IN COM 45866F104 114,087 445,200 SH   DFND 314,900 0 130,300
INTERCONTINENTAL EXCHANGE IN COM 45866F104 158,174 617,240 SH   DFND 1 445,840 0 171,400
MCGRAW HILL FINL INC COM 580645109 192,389 1,951,605 SH   DFND 1 1,412,112 0 539,493
MCGRAW HILL FINL INC COM 580645109 139,014 1,410,161 SH   DFND 997,552 0 412,609
MSC INDL DIRECT INC CL A 553530106 53,597 952,489 SH   DFND 674,195 0 278,294
MSC INDL DIRECT INC CL A 553530106 74,008 1,315,225 SH   DFND 1 950,227 0 364,998
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 160,359 3,481,532 SH   DFND 1 2,521,032 0 960,500
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 115,885 2,515,954 SH   DFND 1,778,254 0 737,700
VISA INC COM CL A 92826C839 60,548 780,765 SH   DFND 1 565,465 0 215,300
VISA INC COM CL A 92826C839 44,041 567,900 SH   DFND 401,700 0 166,200
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 170,519 3,510,798 SH   DFND 2,480,566 0 1,030,232
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 235,981 4,858,582 SH   DFND 1 3,518,982 0 1,339,600
ZOETIS INC CL A 98978V103 62,526 1,304,800 SH   DFND 1 945,300 0 359,500
ZOETIS INC CL A 98978V103 45,682 953,300 SH   DFND 673,800 0 279,500