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
ADOBE INC COM 00724F101 220,394 449,390 SH   SOLE   449,390 0 0
ALCON INC ORD SHS H01301128 182,744 3,212,557 SH   SOLE   3,212,557 0 0
ALLEGION PLC ORD SHS G0176J109 199,414 2,016,118 SH   SOLE   2,016,118 0 0
ALPHABET INC CAP STK CL C 02079K107 277,485 188,817 SH   SOLE   188,817 0 0
AMBEV SA SPONSORED ADR 02319V103 111,855 49,493,482 SH   SOLE   0 0 49,493,482
ANSYS INC COM 03662Q105 203,052 620,518 SH   SOLE   620,518 0 0
BOOKING HLDGS INC COM 09857L108 183,847 107,470 SH   SOLE   107,470 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 229,127 1,903,996 SH   SOLE   1,903,996 0 0
CORE LABORATORIES N V COM N22717107 22,444 1,470,753 SH   SOLE   1,470,753 0 0
EBAY INC COM 278642103 471,369 9,047,389 SH   SOLE   9,047,389 0 0
LAUDER ESTEE COS INC CL A 518439104 354,184 1,622,834 SH   SOLE   1,622,834 0 0
FAIR ISAAC CORP COM 303250104 153,865 361,713 SH   SOLE   361,713 0 0
FERRARI N V COM N3167Y103 331,991 1,806,853 SH   SOLE   1,806,853 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 147,312 1,472,385 SH   SOLE   1,472,385 0 0
LINDE PLC COM G5494J103 879,413 3,710,988 SH   SOLE   0 0 3,710,988
MARRIOTT INTL INC NEW CL A 571903202 198,341 2,142,372 SH   SOLE   2,142,372 0 0
MOODYS CORP COM 615369105 165,966 572,594 SH   SOLE   572,594 0 0
NIKE INC CL B 654106103 296,467 2,361,535 SH   SOLE   0 0 2,361,535
OTIS WORLDWIDE CORP COM 68902V107 283,382 4,539,922 SH   SOLE   0 0 4,539,922
PROCTER AND GAMBLE CO COM 742718109 298,849 2,150,144 SH   SOLE   0 0 2,150,144
THERMO FISHER SCIENTIFIC INC COM 883556102 192,228 435,377 SH   SOLE   0 0 435,377
UNDER ARMOUR INC CL A 904311107 113,561 10,112,291 SH   SOLE   0 0 10,112,291
VERISK ANALYTICS INC COM 92345Y106 180,604 974,606 SH   SOLE   0 0 974,606
VISA INC COM CL A 92826C839 418,950 2,095,062 SH   SOLE   0 0 2,095,062
ZOETIS INC CL A 98978V103 256,246 1,549,534 SH   SOLE   0 0 1,549,534