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 | 6,149 | 5,094 | SH | DFND | 1 | 5,094 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 10,258 | 92,441 | SH | DFND | 1 | 92,441 | 0 | 0 | |
| AON PLC | SHS CL A | G0408V102 | 6,124 | 39,820 | SH | DFND | 1 | 39,820 | 0 | 0 | |
| BLACK KNIGHT INC | COM | 09215C105 | 6,102 | 117,461 | SH | DFND | 1 | 117,461 | 0 | 0 | |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | 6,147 | 52,161 | SH | DFND | 1 | 52,161 | 0 | 0 | |
| CANADIAN PAC RY LTD | COM | 13645T100 | 4,336 | 20,506 | SH | DFND | 1 | 20,506 | 0 | 0 | |
| FISERV INC | COM | 337738108 | 7,923 | 96,174 | SH | DFND | 1 | 96,174 | 0 | 0 | |
| GRAMERCY PPTY TR | COM NEW | 385002308 | 4,701 | 171,318 | SH | DFND | 1 | 171,318 | 0 | 0 | |
| HDFC BANK LTD | ADR REPS 3 SHS | 40415F101 | 6,175 | 65,624 | SH | DFND | 1 | 65,624 | 0 | 0 | |
| HENRY JACK & ASSOC INC | COM | 426281101 | 8,041 | 50,229 | SH | DFND | 1 | 50,229 | 0 | 0 | |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 6,116 | 81,672 | SH | DFND | 1 | 81,672 | 0 | 0 | |
| LENNOX INTL INC | COM | 526107107 | 3,146 | 14,406 | SH | DFND | 1 | 14,406 | 0 | 0 | |
| MARKETAXESS HLDGS INC | COM | 57060D108 | 546 | 3,060 | SH | DFND | 1 | 3,060 | 0 | 0 | |
| MARSH & MCLENNAN COS INC | COM | 571748102 | 6,136 | 74,177 | SH | DFND | 1 | 74,177 | 0 | 0 | |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | 10,631 | 47,756 | SH | DFND | 1 | 47,756 | 0 | 0 | |
| MOODYS CORP | COM | 615369105 | 1,569 | 9,386 | SH | DFND | 1 | 9,386 | 0 | 0 | |
| MSCI INC | COM | 55354G100 | 4,344 | 24,485 | SH | DFND | 1 | 24,485 | 0 | 0 | |
| ROLLINS INC | COM | 775711104 | 6,153 | 101,391 | SH | DFND | 1 | 101,391 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 7,840 | 40,126 | SH | DFND | 1 | 40,126 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 10,047 | 34,559 | SH | DFND | 1 | 34,559 | 0 | 0 | |
| TORO CO | COM | 891092108 | 6,093 | 101,594 | SH | DFND | 1 | 101,594 | 0 | 0 | |
| TRANSDIGM GROUP INC | COM | 893641100 | 615 | 1,651 | SH | DFND | 1 | 1,651 | 0 | 0 | |
| TRANSUNION | COM | 89400J107 | 3,121 | 42,421 | SH | DFND | 1 | 42,421 | 0 | 0 | |
| TYLER TECHNOLOGIES INC | COM | 902252105 | 2,277 | 9,291 | SH | DFND | 1 | 9,291 | 0 | 0 | |
| UNION PAC CORP | COM | 907818108 | 4,351 | 26,721 | SH | DFND | 1 | 26,721 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 10,559 | 70,354 | SH | DFND | 1 | 70,354 | 0 | 0 | |