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
3M CO COM 88579Y101 611,837 3,529,691 SH   SOLE   3,499,371 0 30,320
AUTOMATIC DATA PROCESSING COM 053015103 1,013,432 6,129,753 SH   SOLE   6,074,792 0 54,961
BECTON DICKINSON AND CO COM 075887109 960,705 3,812,171 SH   SOLE   3,797,196 0 14,975
ESTEE LAUDER CL A 518439104 1,219,656 6,660,785 SH   SOLE   6,632,242 0 28,543
FACEBOOK CL A 30303M102 1,249,686 6,475,057 SH   SOLE   6,445,200 0 29,857
IDEXX LABORATORIES COM 45168D104 1,230,736 4,470,038 SH   SOLE   4,427,479 0 42,559
INTUIT INC COM 461202103 1,215,667 4,651,847 SH   SOLE   4,614,247 0 37,600
JOHNSON & JOHNSON COM 478160104 752,130 5,400,131 SH   SOLE   5,394,539 0 5,592
MARRIOTT INTERNATIONAL CL A CL A 571903202 24,787 176,682 SH   SOLE   108,990 0 67,692
MCCORMICK & CO NON VTG SHRS COM NON VTG 579780206 1,054,603 6,803,450 SH   SOLE   6,762,338 0 41,112
MICROSOFT COM 594918104 1,630,445 12,171,134 SH   SOLE   12,065,410 0 105,724
PAYPAL HOLDINGS INC COM 70450Y103 1,761,657 15,391,028 SH   SOLE   15,326,559 0 64,469
PEPSICO INC COM 713448108 1,085,145 8,275,341 SH   SOLE   8,215,678 0 59,663
PHILIP MORRIS INTERNATIONAL COM 718172109 1,199,036 15,268,507 SH   SOLE   15,182,894 0 85,613
STRYKER CORP COM 863667101 1,192,660 5,801,440 SH   SOLE   5,750,667 0 50,773
VISA INC CLASS A SHARES COM CL A 92826C839 1,062,739 6,123,530 SH   SOLE   6,054,926 0 68,604
WATERS CORP COM 941848103 1,100,739 5,114,006 SH   SOLE   5,071,765 0 42,241
ANSYS COM 03662Q105 66,316 323,777 SH   SOLE   323,777 0 0
AO SMITH COM 831865209 40,018 848,563 SH   SOLE   848,563 0 0
CDK GBL. COM 12508E101 54,944 1,111,332 SH   SOLE   1,111,332 0 0
COGNEX COM 192422103 56,032 1,167,817 SH   SOLE   1,167,817 0 0
CHECK POINT SOFTWARE TECH ORD M22465104 72,080 623,478 SH   SOLE   623,478 0 0
EQUIFAX COM 294429105 83,960 620,821 SH   SOLE   620,821 0 0
IPG PHOTONICS COM 44980X109 52,263 338,819 SH   SOLE   338,819 0 0
MASIMO COM 574795100 85,566 574,963 SH   SOLE   574,963 0 0
MSCI COM 55354G100 46,509 194,770 SH   SOLE   194,770 0 0
PAYCOM SOFTWARE COM 70432V102 38,753 170,928 SH   SOLE   170,928 0 0
SABRE COM 78573M104 80,606 3,630,918 SH   SOLE   3,630,918 0 0
VERISK ANALYTICS COM 92345Y106 77,039 526,010 SH   SOLE   526,010 0 0
VERISIGN COM 92343E102 57,074 272,873 SH   SOLE   272,873 0 0
MERCADOLIBRE COM 58733R102 14,465 23,644 SH   SOLE   23,644 0 0