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 | 131,205 | 1,406,422 | SH | SOLE | 1,404,007 | 0 | 2,415 | ||
| Autozone Inc. | COM | 053332102 | 42,752 | 74,943 | SH | SOLE | 74,838 | 0 | 105 | ||
| Capella Education Co | COM | 139594105 | 3,024 | 35,326 | SH | SOLE | 35,326 | 0 | 0 | ||
| Chipotle Mexican Grill Cl A | COM | 169656105 | 46,807 | 112,490 | SH | SOLE | 112,330 | 0 | 160 | ||
| Cummins Inc | COM | 231021106 | 93,370 | 575,579 | SH | SOLE | 575,124 | 0 | 455 | ||
| Deere & Co. | COM | 244199105 | 94,824 | 767,246 | SH | SOLE | 766,141 | 0 | 1,105 | ||
| Expeditors International of Washington | COM | 302130109 | 67,512 | 1,195,317 | SH | SOLE | 1,193,987 | 0 | 1,330 | ||
| Fastenal Co | COM | 311900104 | 69,176 | 1,589,161 | SH | SOLE | 1,586,896 | 0 | 2,265 | ||
| Goldman Sachs Group Inc | COM | 38141G104 | 108,605 | 489,431 | SH | SOLE | 488,761 | 0 | 670 | ||
| Mastercard Inc Class A | COM | 57636Q104 | 62,989 | 518,638 | SH | SOLE | 517,993 | 0 | 645 | ||
| Moody's Corp. | COM | 615369105 | 145,777 | 1,198,036 | SH | SOLE | 1,196,321 | 0 | 1,715 | ||
| NVR Inc. | COM | 62944T105 | 107,282 | 44,504 | SH | SOLE | 44,420 | 0 | 84 | ||
| Ross Stores Inc | COM | 778296103 | 44,653 | 773,477 | SH | SOLE | 772,382 | 0 | 1,095 | ||
| Strayer Education Inc | COM | 863236105 | 51,915 | 556,904 | SH | SOLE | 556,161 | 0 | 743 | ||
| US Bancorp | COM | 902973304 | 54,878 | 1,056,981 | SH | SOLE | 1,055,756 | 0 | 1,225 | ||
| Union Pacific Corporation | COM | 907818108 | 69,529 | 638,404 | SH | SOLE | 637,319 | 0 | 1,085 | ||
| Visa Inc Cl A | COM | 92826C839 | 61,559 | 656,420 | SH | SOLE | 655,480 | 0 | 940 | ||
| Waters Corp | COM | 941848103 | 18,972 | 103,200 | SH | SOLE | 103,200 | 0 | 0 | ||
| Wells Fargo & Company | COM | 949746101 | 0 | 6 | SH | SOLE | 6 | 0 | 0 | ||
| YUM! Brands Inc | COM | 988498101 | 64,087 | 868,861 | SH | SOLE | 866,839 | 0 | 2,022 | ||
| YUM! China Holdings Inc. | COM | 98850P109 | 0 | 15 | SH | SOLE | 15 | 0 | 0 | ||