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
AGILENT TECHNOLOGIES INC COM 00846U101 121,804 1,805,581 SH   DFND 1,361,469 0 444,112
AGILENT TECHNOLOGIES INC COM 00846U101 118,190 1,752,008 SH   DFND 1 1,419,172 0 332,836
ALPHABET INC CAP STK CL A 02079K305 188,315 180,213 SH   DFND 135,923 0 44,290
ALPHABET INC CAP STK CL A 02079K305 182,380 174,533 SH   DFND 1 141,303 0 33,230
ALPHABET INC CAP STK CL C 02079K107 108,634 104,899 SH   DFND 79,169 0 25,730
ALPHABET INC CAP STK CL C 02079K107 105,119 101,504 SH   DFND 1 82,143 0 19,361
AMERICAN TOWER CORP NEW COM 03027X100 175,925 1,112,113 SH   DFND 839,112 0 273,001
AMERICAN TOWER CORP NEW COM 03027X100 170,567 1,078,243 SH   DFND 1 873,023 0 205,220
ANALOG DEVICES INC COM 032654105 227,445 2,649,944 SH   DFND 1,999,233 0 650,711
ANALOG DEVICES INC COM 032654105 220,652 2,570,797 SH   DFND 1 2,082,000 0 488,797
AON PLC SHS CL A G0408V102 94,375 649,251 SH   DFND 1 525,461 0 123,790
AON PLC SHS CL A G0408V102 97,565 671,197 SH   DFND 506,668 0 164,529
ARMSTRONG WORLD INDS INC NEW COM 04247X102 38,507 661,513 SH   DFND 1 535,409 0 126,104
ARMSTRONG WORLD INDS INC NEW COM 04247X102 39,643 681,038 SH   DFND 513,718 0 167,320
BAIDU INC SPON ADR REP A 056752108 69,035 435,276 SH   DFND 328,590 0 106,686
BAIDU INC SPON ADR REP A 056752108 66,686 420,467 SH   DFND 1 340,448 0 80,019
BECTON DICKINSON & CO COM 075887109 120,165 533,310 SH   DFND 402,337 0 130,973
BECTON DICKINSON & CO COM 075887109 116,551 517,269 SH   DFND 1 418,762 0 98,507
BROADCOM INC COM 11135F101 114,555 450,506 SH   DFND 1 364,529 0 85,977
BROADCOM INC COM 11135F101 118,494 465,999 SH   DFND 351,703 0 114,296
CBRE GROUP INC CL A 12504L109 140,193 3,501,326 SH   DFND 1 2,834,868 0 666,458
CBRE GROUP INC CL A 12504L109 144,670 3,613,145 SH   DFND 2,726,306 0 886,839
CIMPRESS N V SHS EURO N20146101 61,058 590,386 SH   DFND 1 477,922 0 112,464
CIMPRESS N V SHS EURO N20146101 63,121 610,334 SH   DFND 459,917 0 150,417
CME GROUP INC COM CL A 12572Q105 184,955 983,177 SH   DFND 742,133 0 241,044
CME GROUP INC COM CL A 12572Q105 179,276 952,985 SH   DFND 1 771,736 0 181,249
CREDIT ACCEP CORP MICH COM 225310101 57,692 151,122 SH   DFND 1 122,412 0 28,710
CREDIT ACCEP CORP MICH COM 225310101 59,372 155,521 SH   DFND 117,282 0 38,239
ECOLAB INC COM 278865100 174,498 1,184,239 SH   DFND 893,388 0 290,851
ECOLAB INC COM 278865100 169,075 1,147,441 SH   DFND 1 929,109 0 218,332
EQUIFAX INC COM 294429105 114,643 1,230,999 SH   DFND 929,017 0 301,982
EQUIFAX INC COM 294429105 110,888 1,190,682 SH   DFND 1 963,710 0 226,972
FACEBOOK INC CL A 30303M102 72,211 550,848 SH   DFND 415,736 0 135,112
FACEBOOK INC CL A 30303M102 69,758 532,138 SH   DFND 1 430,763 0 101,375
FASTENAL CO COM 311900104 86,139 1,647,341 SH   DFND 1,243,231 0 404,110
FASTENAL CO COM 311900104 83,352 1,594,041 SH   DFND 1 1,290,631 0 303,410
FIDELITY NATL INFORMATION SV COM 31620M106 223,083 2,175,361 SH   DFND 1,640,808 0 534,553
FIDELITY NATL INFORMATION SV COM 31620M106 216,184 2,108,083 SH   DFND 1 1,706,405 0 401,678
INTEL CORP COM 458140100 96,861 2,063,947 SH   DFND 1 1,671,570 0 392,377
INTEL CORP COM 458140100 99,816 2,126,909 SH   DFND 1,604,870 0 522,039
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 73,238 1,340,128 SH   DFND 1,011,829 0 328,299
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 70,979 1,298,792 SH   DFND 1 1,051,357 0 247,435
INTERCONTINENTAL EXCHANGE IN COM 45866F104 179,167 2,378,434 SH   DFND 1,794,320 0 584,114
INTERCONTINENTAL EXCHANGE IN COM 45866F104 173,595 2,304,459 SH   DFND 1 1,865,663 0 438,796
MOODYS CORP COM 615369105 43,254 308,866 SH   DFND 1 250,114 0 58,752
MOODYS CORP COM 615369105 44,784 319,796 SH   DFND 241,395 0 78,401
PRIMERICA INC COM 74164M108 46,901 480,007 SH   DFND 362,047 0 117,960
PRIMERICA INC COM 74164M108 45,387 464,507 SH   DFND 1 375,865 0 88,642
S&P GLOBAL INC COM 78409V104 242,695 1,428,121 SH   DFND 1 1,156,277 0 271,844
S&P GLOBAL INC COM 78409V104 250,209 1,472,338 SH   DFND 1,110,913 0 361,425
SENSATA TECHNOLOGIES HLDNG P SHS G8060N102 103,738 2,313,518 SH   DFND 1,744,587 0 568,931
SENSATA TECHNOLOGIES HLDNG P SHS G8060N102 100,621 2,243,995 SH   DFND 1 1,817,349 0 426,646
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 79,022 1,751,770 SH   DFND 1 1,417,294 0 334,476
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 81,657 1,810,179 SH   DFND 1,365,736 0 444,443
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 74,817 2,027,019 SH   DFND 1,528,351 0 498,668
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 72,532 1,965,100 SH   DFND 1 1,591,047 0 374,053
THERMO FISHER SCIENTIFIC INC COM 883556102 116,664 521,311 SH   DFND 393,573 0 127,738
THERMO FISHER SCIENTIFIC INC COM 883556102 112,705 503,619 SH   DFND 1 407,773 0 95,846
TRINET GROUP INC COM 896288107 90,779 2,163,981 SH   DFND 1,632,468 0 531,513
TRINET GROUP INC COM 896288107 87,933 2,096,135 SH   DFND 1 1,696,891 0 399,244
VERISIGN INC COM 92343E102 113,866 767,862 SH   DFND 1 621,643 0 146,219
VERISIGN INC COM 92343E102 117,867 794,839 SH   DFND 600,074 0 194,765
VISA INC COM CL A 92826C839 183,094 1,387,708 SH   DFND 1,046,193 0 341,515
VISA INC COM CL A 92826C839 177,531 1,345,547 SH   DFND 1 1,089,627 0 255,920
WILLIS TOWERS WATSON PUB LTD SHS G96629103 184,927 1,217,747 SH   DFND 1 985,579 0 232,168
WILLIS TOWERS WATSON PUB LTD SHS G96629103 190,816 1,256,529 SH   DFND 947,999 0 308,530
ZOETIS INC CL A 98978V103 160,167 1,872,419 SH   DFND 1 1,516,046 0 356,373
ZOETIS INC CL A 98978V103 165,092 1,930,002 SH   DFND 1,456,376 0 473,626