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
ALLEGION PUB LTD CO ORD SHS G0176J109 56,544 697,036 SH   SOLE   697,036 0 0
ALPHABET INC CAP STK CL C 02079K107 46,912 51,624 SH   SOLE   51,624 0 0
ANSYS INC COM 03662Q105 39,335 323,266 SH   SOLE   323,266 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 47,366 713,337 SH   SOLE   713,337 0 0
COLGATE PALMOLIVE CO COM 194162103 37,329 503,568 SH   SOLE   503,568 0 0
CORE LABORATORIES N V COM N22717107 31,417 310,226 SH   SOLE   310,226 0 0
LAUDER ESTEE COS INC CL A 518439104 65,313 680,484 SH   SOLE   680,484 0 0
FAIR ISAAC CORP COM 303250104 49,918 358,063 SH   SOLE   358,063 0 0
FERRARI N V COM N3167Y103 407,263 4,844,596 SH   SOLE   4,844,596 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 9,335 12,341,363 SH   SOLE   12,341,363 0 0
MARRIOTT INTL INC NEW CL A 571903202 48,816 486,651 SH   SOLE   486,651 0 0
MONSANTO CO NEW COM 61166W101 25,587 216,176 SH   SOLE   216,176 0 0
MOODYS CORP COM 615369105 42,285 347,510 SH   SOLE   347,510 0 0
NIKE INC CL B 654106103 50,447 855,034 SH   SOLE   855,034 0 0
PRAXAIR INC COM 74005P104 51,180 386,117 SH   SOLE   386,117 0 0
US BANCORP DEL COM NEW 902973304 52,260 1,006,549 SH   SOLE   1,006,549 0 0
VISA INC COM CL A 92826C839 66,654 710,746 SH   SOLE   710,746 0 0