The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 |
| ALPHABET INC | CAP STK CL A | 02079K305 | 7,156 | 7,697 | SH | DFND | 1 | 7,697 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 11,445 | 115,177 | SH | DFND | 1 | 115,177 | 0 | 0 | |
| AON PLC | SHS CL A | G0408V102 | 5,533 | 41,616 | SH | DFND | 1 | 41,616 | 0 | 0 | |
| BLACK KNIGHT FINL SVCS INC | CL A | 09214X100 | 2,322 | 56,705 | SH | DFND | 1 | 56,705 | 0 | 0 | |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | 7,918 | 102,555 | SH | DFND | 1 | 102,555 | 0 | 0 | |
| CANADIAN PAC RY LTD | COM | 13645T100 | 5,311 | 33,014 | SH | DFND | 1 | 33,014 | 0 | 0 | |
| FISERV INC | COM | 337738108 | 12,398 | 101,342 | SH | DFND | 1 | 101,342 | 0 | 0 | |
| FLEETCOR TECHNOLOGIES INC | COM | 339041105 | 2,114 | 14,657 | SH | DFND | 1 | 14,657 | 0 | 0 | |
| HDFC BANK LTD | ADR REPS 3 SHS | 40415F101 | 6,374 | 73,295 | SH | DFND | 1 | 73,295 | 0 | 0 | |
| HEALTHCARE SVCS GRP INC | COM | 421906108 | 6,841 | 146,089 | SH | DFND | 1 | 146,089 | 0 | 0 | |
| HENRY JACK & ASSOC INC | COM | 426281101 | 11,522 | 110,924 | SH | DFND | 1 | 110,924 | 0 | 0 | |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 7,181 | 108,928 | SH | DFND | 1 | 108,928 | 0 | 0 | |
| MARSH & MCLENNAN COS INC | COM | 571748102 | 5,552 | 71,218 | SH | DFND | 1 | 71,218 | 0 | 0 | |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | 12,307 | 101,335 | SH | DFND | 1 | 101,335 | 0 | 0 | |
| MSCI INC | COM | 55354G100 | 5,239 | 50,873 | SH | DFND | 1 | 50,873 | 0 | 0 | |
| PANERA BREAD CO | COM CL A | 69840W108 | 11,972 | 38,051 | SH | DFND | 1 | 38,051 | 0 | 0 | |
| ROLLINS INC | COM | 775711104 | 6,930 | 170,229 | SH | DFND | 1 | 170,229 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 7,241 | 49,599 | SH | DFND | 1 | 49,599 | 0 | 0 | |
| SCHEIN HENRY INC | COM | 806407102 | 7,210 | 39,393 | SH | DFND | 1 | 39,393 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 14,708 | 60,827 | SH | DFND | 1 | 60,827 | 0 | 0 | |
| TORO CO | COM | 891092108 | 7,281 | 105,084 | SH | DFND | 1 | 105,084 | 0 | 0 | |
| TRANSDIGM GROUP INC | COM | 893641100 | 6,448 | 23,980 | SH | DFND | 1 | 23,980 | 0 | 0 | |
| TYLER TECHNOLOGIES INC | COM | 902252105 | 3,793 | 21,589 | SH | DFND | 1 | 21,589 | 0 | 0 | |
| UNION PAC CORP | COM | 907818108 | 5,333 | 48,969 | SH | DFND | 1 | 48,969 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 12,311 | 131,272 | SH | DFND | 1 | 131,272 | 0 | 0 | |
| WABTEC CORP | COM | 929740108 | 2,337 | 25,542 | SH | DFND | 1 | 25,542 | 0 | 0 | |