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
ALPHABET C CL C 02079K107 49,950 52,080 SH   SOLE   52,080 0 0
AMERICAN EXPRESS CO COM 025816109 41,666 460,596 SH   SOLE   460,596 0 0
AUTOZONE INC COM 053332102 83,913 141,005 SH   SOLE   141,005 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 29,564 274,150 SH   SOLE   274,150 0 0
EXPEDITORS INTL WASH INC COM 302130109 136,097 2,273,596 SH   SOLE   2,273,596 0 0
MASTERCARD INC - A CL A 57636Q104 127,275 901,380 SH   SOLE   901,380 0 0
SP GLOBAL INC COM 78409V104 30,555 195,477 SH   SOLE   195,477 0 0
MOODYS CORP COM 615369105 37,249 267,573 SH   SOLE   267,573 0 0
STARBUCKS CORP COM 855244109 71,238 1,326,352 SH   SOLE   1,326,352 0 0
VISA INC COM CL A 92826C839 45,091 428,460 SH   SOLE   428,460 0 0
WALT DISNEY CO/THE COM DISNEY 254687106 61,054 619,395 SH   SOLE   619,395 0 0
NIKE INC CL B 654106103 43,739 843,570 SH   SOLE   843,570 0 0