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 73,415 860,768 SH   SOLE   860,768 0 0
ALPHABET INC CAP STK CL C 02079K107 54,276 52,604 SH   SOLE   52,604 0 0
AMBEV SA SPONSORED ADR 02319V103 49,017 6,742,367 SH   SOLE   6,742,367 0 0
ANSYS INC COM 03662Q105 44,625 284,795 SH   SOLE   284,795 0 0
CME GROUP INV COM CL A 12572Q105 57,520 355,630 SH   SOLE   355,630 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 69,331 861,254 SH   SOLE   861,254 0 0
COLGATE PALMOLIVE CO COM 194162103 49,555 691,332 SH   SOLE   691,332 0 0
LAUDER ESTEE COS INC CL A 518439104 94,038 628,095 SH   SOLE   628,095 0 0
FAIR ISAAC CORP COM 303250104 59,606 351,926 SH   SOLE   351,926 0 0
FERRARI N V COM N3167Y103 476,499 3,961,719 SH   SOLE   3,961,719 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 246,972 11,649,634 SH   SOLE   11,649,634 0 0
MARRIOTT INTL INC NEW CL A 571903202 68,717 505,344 SH   SOLE   505,344 0 0
MOODYS CORP COM 615369105 47,469 294,293 SH   SOLE   294,293 0 0
NIKE INC CL B 654106103 35,211 529,964 SH   SOLE   529,964 0 0
PRAXAIR INC COM 74005P104 67,507 467,823 SH   SOLE   467,823 0 0
UNITED TECHNOLOGIES CORP COM 913017109 61,864 491,686 SH   SOLE   491,686 0 0
US BANCORP DEL COM NEW 902973304 54,536 1,079,914 SH   SOLE   1,079,914 0 0
VISA INC COM CL A 92826C839 81,167 678,544 SH   SOLE   678,544 0 0