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
Public Storage PREFERRED STOCK 5.15%, due 06/02/2022 74460W685 2,276 91,127 SH   SOLE   91,127 0 0
Sempra Energy PREFERRED STOCK 6.00%, due 01/15/2021 816851406 2,787 25,000 SH   SOLE   25,000 0 0
AbbVie Inc. COMMON STOCK 00287Y109 63,994 880,000 SH   SOLE   880,000 0 0
ACI Worldwide Inc. COMMON STOCK 004498101 64,008 1,863,944 SH   SOLE   1,863,944 0 0
Adobe Systems Inc. COMMON STOCK 00724F101 20,926 71,021 SH   SOLE   71,021 0 0
Air Lease Corp. COMMON STOCK 00912X302 25,681 621,213 SH   SOLE   621,213 0 0
Alaska Air Group Inc. COMMON STOCK 011659109 51,128 800,000 SH   SOLE   800,000 0 0
Alliance Data Systems Corp. COMMON STOCK 018581108 197,503 1,409,429 SH   SOLE   1,409,429 0 0
Alphabet Inc., Class A COMMON STOCK 02079K305 461,793 426,481 SH   SOLE   411,453 0 15,028
American Express Co. COMMON STOCK 025816109 754,038 6,108,538 SH   SOLE   5,870,471 0 238,067
Apple Inc. COMMON STOCK 037833100 455,599 2,301,934 SH   SOLE   2,215,415 0 86,519
Applied Materials Inc. COMMON STOCK 038222105 300,897 6,700,000 SH   SOLE   6,700,000 0 0
Autodesk Inc. COMMON STOCK 052769106 97,740 600,000 SH   SOLE   600,000 0 0
AvalonBay Communities Inc. COMMON STOCK 053484101 281,643 1,386,173 SH   SOLE   1,346,355 0 39,818
Axalta Coating Systems Ltd. COMMON STOCK G0750C108 91,088 3,059,716 SH   SOLE   3,059,716 0 0
Biogen Inc. COMMON STOCK 09062X103 216,330 925,000 SH   SOLE   925,000 0 0
Burlington Stores Inc. COMMON STOCK 122017106 78,231 459,776 SH   SOLE   459,776 0 0
Cadence Design Systems Inc. COMMON STOCK 127387108 723,600 10,218,901 SH   SOLE   9,852,554 0 366,347
Capital One Financial Corp. COMMON STOCK 14040H105 74,861 825,000 SH   SOLE   825,000 0 0
Cerner Corp. COMMON STOCK 156782104 747,730 10,200,957 SH   SOLE   9,872,394 0 328,563
Charles Schwab Corp. COMMON STOCK 808513105 373,598 9,295,790 SH   SOLE   9,029,427 0 266,363
CME Group Inc. COMMON STOCK 12572Q105 544,292 2,804,040 SH   SOLE   2,681,959 0 122,081
Cognizant Technology Solutions Corp. COMMON STOCK 192446102 31,144 491,303 SH   SOLE   491,303 0 0
Costco Wholesale Corp. COMMON STOCK 22160K105 591,885 2,239,781 SH   SOLE   2,142,367 0 97,414
Cummins Inc. COMMON STOCK 231021106 166,628 972,500 SH   SOLE   972,500 0 0
CVS Health Corp. COMMON STOCK 126650100 394,529 7,240,390 SH   SOLE   6,956,018 0 284,372
Danaher Corp. COMMON STOCK 235851102 674,361 4,718,450 SH   SOLE   4,521,192 0 197,258
Deere & Co. COMMON STOCK 244199105 392,652 2,369,514 SH   SOLE   2,265,501 0 104,013
Dentsply Sirona Inc. COMMON STOCK 24906P109 90,641 1,553,139 SH   SOLE   1,553,139 0 0
Digital Realty Trust Inc. COMMON STOCK 253868103 360,342 3,059,189 SH   SOLE   2,956,559 0 102,630
eBay Inc. COMMON STOCK 278642103 76,028 1,924,747 SH   SOLE   1,924,747 0 0
Ecolab Inc. COMMON STOCK 278865100 77,380 391,918 SH   SOLE   391,918 0 0
Expeditors International of Washington Inc. COMMON STOCK 302130109 66,247 873,285 SH   SOLE   873,285 0 0
FedEx Corp. COMMON STOCK 31428X106 574,644 3,499,875 SH   SOLE   3,356,127 0 143,748
First American Financial Corp. COMMON STOCK 31847R102 40,349 751,369 SH   SOLE   751,369 0 0
First Horizon National Corp. COMMON STOCK 320517105 146,189 9,791,600 SH   SOLE   9,791,600 0 0
First Republic Bank COMMON STOCK 33616C100 337,394 3,455,135 SH   SOLE   3,335,482 0 119,653
Fiserv Inc. COMMON STOCK 337738108 111,001 1,217,651 SH   SOLE   1,217,651 0 0
Fortive Corp. COMMON STOCK 34959J108 79,379 973,731 SH   SOLE   973,731 0 0
Gilead Sciences Inc. COMMON STOCK 375558103 604,381 8,945,837 SH   SOLE   8,712,446 0 233,391
Hanesbrands Inc. COMMON STOCK 410345102 272,663 15,834,061 SH   SOLE   15,834,061 0 0
Hologic Inc. COMMON STOCK 436440101 745,548 15,525,782 SH   SOLE   15,119,246 0 406,536
Howard Hughes Corp. COMMON STOCK 44267D107 49,482 399,566 SH   SOLE   399,566 0 0
International Business Machine Corp. COMMON STOCK 459200101 137,900 1,000,000 SH   SOLE   1,000,000 0 0
IPG Photonics Corp. COMMON STOCK 44980X109 95,635 620,000 SH   SOLE   620,000 0 0
Iron Mountain Inc. COMMON STOCK 46284V101 223,165 7,129,889 SH   SOLE   6,870,757 0 259,132
Jack Henry & Associates Inc. COMMON STOCK 426281101 72,452 541,009 SH   SOLE   541,009 0 0
Lam Research Corp. COMMON STOCK 512807108 206,624 1,100,000 SH   SOLE   1,100,000 0 0
Linde plc COMMON STOCK G5494J103 782,841 3,898,611 SH   SOLE   3,735,531 0 163,080
Mastercard Inc., Class A COMMON STOCK 57636Q104 712,876 2,694,878 SH   SOLE   2,584,019 0 110,859
McCormick & Co. COMMON STOCK 579780206 83,398 538,015 SH   SOLE   538,015 0 0
MDU Resources Group Inc. COMMON STOCK 552690109 53,416 2,070,378 SH   SOLE   2,070,378 0 0
Micron Technology Inc. COMMON STOCK 595112103 246,976 6,400,000 SH   SOLE   6,400,000 0 0
Microsoft Corp. COMMON STOCK 594918104 1,181,303 8,818,322 SH   SOLE   8,443,737 0 374,585
Mondelez International Inc., Class A COMMON STOCK 609207105 420,346 7,798,629 SH   SOLE   7,482,997 0 315,632
Monolithic Power Systems Inc. COMMON STOCK 609839105 15,320 112,827 SH   SOLE   112,827 0 0
Motorola Solutions Inc. COMMON STOCK 620076307 689,624 4,136,173 SH   SOLE   4,104,660 0 31,513
Nike Inc.,Class B COMMON STOCK 654106103 19,304 229,943 SH   SOLE   229,943 0 0
Northwest Natural Holding Co. COMMON STOCK 66765N105 47,078 677,378 SH   SOLE   677,378 0 0
Novartis AG (ADR) COMMON STOCK 66987V109 26,235 287,322 SH   SOLE   287,322 0 0
NVIDIA Corp. COMMON STOCK 67066G104 554,231 3,374,726 SH   SOLE   3,278,552 0 96,174
Old Dominion Freight Lines Inc. COMMON STOCK 679580100 21,777 145,901 SH   SOLE   145,901 0 0
Pentair plc COMMON STOCK G7S00T104 305,661 8,216,678 SH   SOLE   7,976,763 0 239,915
Perrigo Co. plc COMMON STOCK G97822103 176,194 3,700,000 SH   SOLE   3,700,000 0 0
PPG Industries Inc. COMMON STOCK 693506107 488,378 4,184,541 SH   SOLE   4,016,029 0 168,512
Progressive Corp. COMMON STOCK 743315103 17,698 221,421 SH   SOLE   221,421 0 0
Public Storage COMMON STOCK 74460D109 284,960 1,196,459 SH   SOLE   1,161,094 0 35,365
QUALCOMM Inc. COMMON STOCK 747525103 174,961 2,300,000 SH   SOLE   2,300,000 0 0
Regeneron Pharmaceuticals Inc. COMMON STOCK 75886F107 195,625 625,000 SH   SOLE   625,000 0 0
Republic Services Inc. COMMON STOCK 760759100 93,307 1,076,945 SH   SOLE   1,076,945 0 0
SEI Investments Co. COMMON STOCK 784117103 85,800 1,529,420 SH   SOLE   1,529,420 0 0
Shaw Communications Inc., Class B COMMON STOCK 82028K200 53,743 2,637,039 SH   SOLE   2,637,039 0 0
Signature Bank COMMON STOCK 82669G104 27,307 225,975 SH   SOLE   225,975 0 0
Starbucks Corp. COMMON STOCK 855244109 457,062 5,452,255 SH   SOLE   5,231,128 0 221,127
Synopsys Inc. COMMON STOCK 871607107 670,458 5,209,868 SH   SOLE   5,012,274 0 197,594
Sysco Corp. COMMON STOCK 871829107 600,741 8,494,634 SH   SOLE   8,180,954 0 313,680
Teleflex Inc. COMMON STOCK 879369106 156,387 472,255 SH   SOLE   472,255 0 0
The Clorox Company COMMON STOCK 189054109 709,526 4,634,090 SH   SOLE   4,459,556 0 174,534
The Gap Inc. COMMON STOCK 364760108 156,339 8,700,000 SH   SOLE   8,700,000 0 0
The Procter & Gamble Co. COMMON STOCK 742718109 489,424 4,463,509 SH   SOLE   4,267,451 0 196,058
The Walt Disney Co. COMMON STOCK 254687106 968,267 6,934,027 SH   SOLE   6,632,638 0 301,389
Thomson Reuters Corp. COMMON STOCK 884903709 97,974 1,519,920 SH   SOLE   1,519,920 0 0
T-Mobile US Inc. COMMON STOCK 872590104 27,627 372,637 SH   SOLE   372,637 0 0
Trimble Inc. COMMON STOCK 896239100 449,848 9,972,239 SH   SOLE   9,676,588 0 295,651
US Foods Holding Corp. COMMON STOCK 912008109 102,883 2,877,031 SH   SOLE   2,877,031 0 0
Verisk Analytics Inc. COMMON STOCK 92345Y106 695,290 4,747,299 SH   SOLE   4,575,105 0 172,194
VF Corp. COMMON STOCK 918204108 623,212 7,134,648 SH   SOLE   6,857,173 0 277,475
Waste Management Inc. COMMON STOCK 94106L109 631,001 5,469,366 SH   SOLE   5,253,536 0 215,830
WD-40 Co. COMMON STOCK 929236107 7,822 49,183 SH   SOLE   47,071 0 2,112
Xylem Inc. COMMON STOCK 98419M100 535,916 6,407,410 SH   SOLE   6,205,122 0 202,288
Zayo Group Holdings Inc. COMMON STOCK 98919V105 35,216 1,070,061 SH   SOLE   1,070,061 0 0