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

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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
ALPHABET C CL C 02079K107 55,752 53,280 SH   SOLE   53,280 0 0
AMERICAN EXPRESS CO COM 025816109 38,862 391,324 SH   SOLE   391,324 0 0
AUTOZONE INC COM 053332102 58,324 81,988 SH   SOLE   81,988 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 30,658 240,950 SH   SOLE   240,950 0 0
EXPEDITORS INTL WASH INC COM 302130109 143,210 2,213,796 SH   SOLE   2,213,796 0 0
MASTERCARD INC - A CL A 57636Q104 143,214 946,180 SH   SOLE   946,180 0 0
S&P GLOBAL INC COM 78409V104 33,859 199,877 SH   SOLE   199,877 0 0
MOODY'S CORP COM 615369105 40,353 273,373 SH   SOLE   273,373 0 0
STARBUCKS CORP COM 855244109 76,896 1,338,952 SH   SOLE   1,338,952 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 50,233 440,560 SH   SOLE   440,560 0 0
WALT DISNEY CO/THE COM DISNEY 254687106 68,602 638,095 SH   SOLE   638,095 0 0
NIKE INC -CL B CL B 654106103 63,669 1,017,897 SH   SOLE   1,017,897 0 0