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
ALTERA CORP COM 021441100 71,671 2,203,224 SH   DFND 1,537,350 0 665,874
ALTERA CORP COM 021441100 112,020 3,443,601 SH   DFND 1 2,861,500 0 582,101
AMBEV SA SPONSORED ADR 02319V103 99,236 13,501,460 SH   DFND 1 11,221,460 0 2,280,000
AMBEV SA SPONSORED ADR 02319V103 64,111 8,722,550 SH   DFND 6,114,950 0 2,607,600
ANALOG DEVICES INC COM 032654105 131,539 2,582,739 SH   DFND 1,798,279 0 784,460
ANALOG DEVICES INC COM 032654105 206,499 4,054,560 SH   DFND 1 3,369,060 0 685,500
BAIDU INC SPON ADR REP A 056752108 162,431 913,152 SH   DFND 639,252 0 273,900
BAIDU INC SPON ADR REP A 056752108 252,793 1,421,142 SH   DFND 1 1,181,142 0 240,000
BRINKS CO COM 109696104 65,272 1,911,881 SH   DFND 1 1,588,238 0 323,643
BRINKS CO COM 109696104 41,614 1,218,911 SH   DFND 850,003 0 368,908
COCA COLA CO COM 191216100 180,116 4,360,100 SH   DFND 1 3,623,200 0 736,900
COCA COLA CO COM 191216100 114,997 2,783,764 SH   DFND 1,933,222 0 850,542
COLGATE PALMOLIVE CO COM 194162103 46,105 707,018 SH   DFND 493,046 0 213,972
COLGATE PALMOLIVE CO COM 194162103 71,983 1,103,872 SH   DFND 1 918,072 0 185,800
CREDIT ACCEP CORP MICH COM 225310101 23,489 180,700 SH   DFND 126,535 0 54,165
CREDIT ACCEP CORP MICH COM 225310101 36,585 281,443 SH   DFND 1 234,116 0 47,327
ECOLAB INC COM 278865100 162,507 1,558,518 SH   DFND 1 1,296,005 0 262,513
ECOLAB INC COM 278865100 103,842 995,895 SH   DFND 694,520 0 301,375
FIDELITY NATL INFORMATION SV COM 31620M106 112,067 2,087,679 SH   DFND 1,454,847 0 632,832
FIDELITY NATL INFORMATION SV COM 31620M106 175,890 3,276,636 SH   DFND 1 2,724,171 0 552,465
GOOGLE INC CL A 38259P508 177,961 158,793 SH   DFND 110,379 0 48,414
GOOGLE INC CL A 38259P508 279,132 249,067 SH   DFND 1 206,937 0 42,130
GRAINGER W W INC COM 384802104 66,919 261,994 SH   DFND 182,280 0 79,714
GRAINGER W W INC COM 384802104 105,291 412,228 SH   DFND 1 342,408 0 69,820
HARLEY DAVIDSON INC COM 412822108 148,345 2,142,471 SH   DFND 1,494,020 0 648,451
HARLEY DAVIDSON INC COM 412822108 232,417 3,356,684 SH   DFND 1 2,790,710 0 565,974
LKQ CORP COM 501889208 110,979 3,373,228 SH   DFND 1 2,805,942 0 567,286
LKQ CORP COM 501889208 71,037 2,159,180 SH   DFND 1,506,949 0 652,231
MSC INDL DIRECT INC CL A 553530106 16,507 204,118 SH   DFND 141,999 0 62,119
MSC INDL DIRECT INC CL A 553530106 25,968 321,105 SH   DFND 1 266,556 0 54,549
PRICELINE COM INC COM NEW 741503403 136,763 117,656 SH   DFND 82,021 0 35,635
PRICELINE COM INC COM NEW 741503403 214,428 184,470 SH   DFND 1 153,348 0 31,122
SOLERA HOLDINGS INC COM 83421A104 47,653 673,449 SH   DFND 467,686 0 205,763
SOLERA HOLDINGS INC COM 83421A104 74,372 1,051,047 SH   DFND 1 873,447 0 177,600
WATERS CORP COM 941848103 41,395 413,948 SH   DFND 288,630 0 125,318
WATERS CORP COM 941848103 64,900 649,002 SH   DFND 1 539,402 0 109,600
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 102,789 2,293,882 SH   DFND 1 1,905,782 0 388,100
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 66,502 1,484,088 SH   DFND 1,039,856 0 444,232