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 | 5,295 | 5,438 | SH | DFND | 1 | 5,438 | 0 | 0 | |
| AMAZON COM INC | COM | 023135106 | 1,878 | 1,954 | SH | DFND | 1 | 1,954 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 8,712 | 84,217 | SH | DFND | 1 | 84,217 | 0 | 0 | |
| AON PLC | SHS CL A | G0408V102 | 6,081 | 41,623 | SH | DFND | 1 | 41,623 | 0 | 0 | |
| ASB BANCORP INC N C | COM | 00213T109 | 985 | 20,197 | SH | DFND | 1 | 20,197 | 0 | 0 | |
| BLACK KNIGHT FINL SVCS INC | CL A | 09214X100 | 1,963 | 45,607 | SH | DFND | 1 | 45,607 | 0 | 0 | |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | 5,943 | 68,932 | SH | DFND | 1 | 68,932 | 0 | 0 | |
| CANADIAN PAC RY LTD | COM | 13645T100 | 4,013 | 23,864 | SH | DFND | 1 | 23,864 | 0 | 0 | |
| FISERV INC | COM | 337738108 | 8,991 | 69,722 | SH | DFND | 1 | 69,722 | 0 | 0 | |
| FLEETCOR TECHNOLOGIES INC | COM | 339041105 | 359 | 2,320 | SH | DFND | 1 | 2,320 | 0 | 0 | |
| HDFC BANK LTD | ADR REPS 3 SHS | 40415F101 | 4,595 | 47,685 | SH | DFND | 1 | 47,685 | 0 | 0 | |
| HEALTHCARE SVCS GRP INC | COM | 421906108 | 5,467 | 101,289 | SH | DFND | 1 | 101,289 | 0 | 0 | |
| HENRY JACK & ASSOC INC | COM | 426281101 | 8,645 | 84,100 | SH | DFND | 1 | 84,100 | 0 | 0 | |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 5,486 | 79,848 | SH | DFND | 1 | 79,848 | 0 | 0 | |
| MARSH & MCLENNAN COS INC | COM | 571748102 | 6,159 | 73,490 | SH | DFND | 1 | 73,490 | 0 | 0 | |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | 9,613 | 68,081 | SH | DFND | 1 | 68,081 | 0 | 0 | |
| MSCI INC | COM | 55354G100 | 3,796 | 32,473 | SH | DFND | 1 | 32,473 | 0 | 0 | |
| PAREXEL INTL CORP | COM | 699462107 | 4,928 | 55,954 | SH | DFND | 1 | 55,954 | 0 | 0 | |
| ROLLINS INC | COM | 775711104 | 5,445 | 118,009 | SH | DFND | 1 | 118,009 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 5,242 | 33,539 | SH | DFND | 1 | 33,539 | 0 | 0 | |
| SCHEIN HENRY INC | COM | 806407102 | 1,164 | 14,192 | SH | DFND | 1 | 14,192 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 10,906 | 43,412 | SH | DFND | 1 | 43,412 | 0 | 0 | |
| TORO CO | COM | 891092108 | 5,227 | 84,221 | SH | DFND | 1 | 84,221 | 0 | 0 | |
| TRANSDIGM GROUP INC | COM | 893641100 | 3,967 | 15,516 | SH | DFND | 1 | 15,516 | 0 | 0 | |
| TYLER TECHNOLOGIES INC | COM | 902252105 | 1,953 | 11,201 | SH | DFND | 1 | 11,201 | 0 | 0 | |
| UNION PAC CORP | COM | 907818108 | 4,079 | 35,169 | SH | DFND | 1 | 35,169 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 9,276 | 88,143 | SH | DFND | 1 | 88,143 | 0 | 0 | |