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
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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
AMAZON COM INC COM 023135106 41,055 28,366 SH   SOLE   28,366 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 2,456 12,370 SH   SOLE   12,370 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 17,348 58 SH   SOLE   58 0 0
BIO RAD LABS INC CL A 090572207 37,364 149,407 SH   SOLE   149,407 0 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 14,866 505,474 SH   SOLE   505,474 0 0
CAPELLA EDUCATION COMPANY COM 139594105 5,461 62,516 SH   SOLE   62,516 0 0
FARO TECHNOLOGIES INC COM 311642102 21,505 368,236 SH   SOLE   368,236 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 16,822 66,791 SH   SOLE   66,791 0 0
ALPHABET INC CAP STK CL A 02079K305 13,050 12,583 SH   SOLE   12,583 0 0
ALPHABET INC CAP STK CL C 02079K107 8,704 8,436 SH   SOLE   8,436 0 0
ISHARES TR MSCI INDIA ETF 46429B598 26,447 774,900 SH   SOLE   774,900 0 0
INOVALON HLDGS INC COM CL A 45781D101 20,812 1,963,400 SH   SOLE   1,963,400 0 0
NATIONAL INSTRS CORP COM 636518102 24,448 483,455 SH   SOLE   483,455 0 0
QAD INC CL A 74727D306 40,823 980,150 SH   SOLE   980,150 0 0
QAD INC CL B 74727D207 2,654 85,907 SH   SOLE   85,907 0 0
QIAGEN NV SHS NEW N72482123 14,311 442,942 SH   SOLE   442,942 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,174 46,264 SH   SOLE   46,264 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,176 110,180 SH   SOLE   110,180 0 0