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 | 12,440 | 10,570 | SH | DFND | 1 | 10,570 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 21,248 | 220,854 | SH | DFND | 1 | 220,854 | 0 | 0 | |
| AON PLC | SHS CL A | G0408V102 | 12,478 | 73,101 | SH | DFND | 1 | 73,101 | 0 | 0 | |
| BLACK KNIGHT INC | COM | 09215C105 | 12,382 | 227,193 | SH | DFND | 1 | 227,193 | 0 | 0 | |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | 12,217 | 96,113 | SH | DFND | 1 | 96,113 | 0 | 0 | |
| CANADIAN PAC RY LTD | COM | 13645T100 | 8,859 | 42,973 | SH | DFND | 1 | 42,973 | 0 | 0 | |
| FISERV INC | COM | 337738108 | 13,596 | 154,014 | SH | DFND | 1 | 154,014 | 0 | 0 | |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | 12,560 | 108,363 | SH | DFND | 1 | 108,363 | 0 | 0 | |
| HENRY JACK & ASSOC INC | COM | 426281101 | 13,578 | 97,868 | SH | DFND | 1 | 97,868 | 0 | 0 | |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 12,588 | 165,324 | SH | DFND | 1 | 165,324 | 0 | 0 | |
| LENNOX INTL INC | COM | 526107107 | 8,857 | 33,497 | SH | DFND | 1 | 33,497 | 0 | 0 | |
| MARSH & MCLENNAN COS INC | COM | 571748102 | 12,494 | 133,053 | SH | DFND | 1 | 133,053 | 0 | 0 | |
| MASTERCARD INC | CL A | 57636Q104 | 21,482 | 91,239 | SH | DFND | 1 | 91,239 | 0 | 0 | |
| MSCI INC | COM | 55354G100 | 8,943 | 44,978 | SH | DFND | 1 | 44,978 | 0 | 0 | |
| ROLLINS INC | COM | 775711104 | 12,347 | 296,669 | SH | DFND | 1 | 296,669 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 16,307 | 77,451 | SH | DFND | 1 | 77,451 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 17,254 | 61,082 | SH | DFND | 1 | 61,082 | 0 | 0 | |
| TORO CO | COM | 891092108 | 12,364 | 179,599 | SH | DFND | 1 | 179,599 | 0 | 0 | |
| TRANSUNION | COM | 89400J107 | 12,551 | 187,783 | SH | DFND | 1 | 187,783 | 0 | 0 | |
| TYLER TECHNOLOGIES INC | COM | 902252105 | 3,178 | 15,547 | SH | DFND | 1 | 15,547 | 0 | 0 | |
| UNION PACIFIC CORP | COM | 907818108 | 8,910 | 53,292 | SH | DFND | 1 | 53,292 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 21,570 | 138,099 | SH | DFND | 1 | 138,099 | 0 | 0 | |