The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| Arch Capital Group Ltd | COM | G0450A105 | 123,823 | 1,562,239 | SH | SOLE | 1,559,824 | 0 | 2,415 | ||
| Capella Education Co | COM | 139594105 | 2,273 | 39,161 | SH | SOLE | 39,161 | 0 | 0 | ||
| Chipotle Mexican Grill Cl A | COM | 169656105 | 37,182 | 87,797 | SH | SOLE | 87,727 | 0 | 70 | ||
| Cummins Inc | COM | 231021106 | 80,911 | 631,379 | SH | SOLE | 630,924 | 0 | 455 | ||
| Deere & Co. | COM | 244199105 | 71,580 | 838,663 | SH | SOLE | 837,558 | 0 | 1,105 | ||
| Expeditors International of Washington | COM | 302130109 | 66,786 | 1,296,318 | SH | SOLE | 1,294,988 | 0 | 1,330 | ||
| Fastenal Co | COM | 311900104 | 72,413 | 1,733,193 | SH | SOLE | 1,730,928 | 0 | 2,265 | ||
| Goldman Sachs Group Inc | COM | 38141G104 | 86,786 | 538,144 | SH | SOLE | 537,474 | 0 | 670 | ||
| Mastercard Inc Class A | COM | 57636Q104 | 57,716 | 567,121 | SH | SOLE | 566,476 | 0 | 645 | ||
| Moody's Corp. | COM | 615369105 | 137,564 | 1,270,447 | SH | SOLE | 1,268,732 | 0 | 1,715 | ||
| NVR Inc. | COM | 62944T105 | 74,968 | 45,716 | SH | SOLE | 45,632 | 0 | 84 | ||
| Ross Stores Inc | COM | 778296103 | 54,222 | 843,260 | SH | SOLE | 842,165 | 0 | 1,095 | ||
| Strayer Education Inc | COM | 863236105 | 35,882 | 768,677 | SH | SOLE | 767,637 | 0 | 1,040 | ||
| US Bancorp | COM | 902973304 | 49,657 | 1,157,766 | SH | SOLE | 1,156,541 | 0 | 1,225 | ||
| Union Pacific Corporation | COM | 907818108 | 67,681 | 693,946 | SH | SOLE | 692,861 | 0 | 1,085 | ||
| Visa Inc Cl A | COM | 92826C839 | 55,535 | 671,529 | SH | SOLE | 670,589 | 0 | 940 | ||
| Waters Corp | COM | 941848103 | 17,863 | 112,708 | SH | SOLE | 112,708 | 0 | 0 | ||
| Wells Fargo & Company | COM | 949746101 | 73,128 | 1,651,488 | SH | SOLE | 1,649,074 | 0 | 2,414 | ||
| YUM! Brands Inc | COM | 988498101 | 88,045 | 969,556 | SH | SOLE | 967,534 | 0 | 2,022 | ||