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 | 19,082 | 14,247 | SH | DFND | 1 | 14,247 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 26,347 | 240,283 | SH | DFND | 1 | 240,283 | 0 | 0 | |
| AON PLC | SHS CL A | G0408V102 | 19,236 | 92,352 | SH | DFND | 1 | 92,352 | 0 | 0 | |
| BLACK KNIGHT INC | COM | 09215C105 | 18,028 | 279,587 | SH | DFND | 1 | 279,587 | 0 | 0 | |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | 17,950 | 119,436 | SH | DFND | 1 | 119,436 | 0 | 0 | |
| CANADIAN PAC RY LTD | COM | 13645T100 | 14,334 | 56,317 | SH | DFND | 1 | 56,317 | 0 | 0 | |
| FISERV INC | COM | 337738108 | 19,407 | 167,841 | SH | DFND | 1 | 167,841 | 0 | 0 | |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | 18,587 | 293,303 | SH | DFND | 1 | 293,303 | 0 | 0 | |
| HENRY JACK & ASSOC INC | COM | 426281101 | 18,388 | 126,230 | SH | DFND | 1 | 126,230 | 0 | 0 | |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 17,510 | 189,195 | SH | DFND | 1 | 189,195 | 0 | 0 | |
| LENNOX INTL INC | COM | 526107107 | 8,938 | 36,636 | SH | DFND | 1 | 36,636 | 0 | 0 | |
| MARSH & MCLENNAN COS INC | COM | 571748102 | 19,273 | 172,996 | SH | DFND | 1 | 172,996 | 0 | 0 | |
| MASTERCARD INC | CL A | 57636Q104 | 33,857 | 113,391 | SH | DFND | 1 | 113,391 | 0 | 0 | |
| MSCI INC | COM | 55354G100 | 11,760 | 45,548 | SH | DFND | 1 | 45,548 | 0 | 0 | |
| ROLLINS INC | COM | 775711104 | 16,732 | 504,590 | SH | DFND | 1 | 504,590 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 24,652 | 90,285 | SH | DFND | 1 | 90,285 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 26,594 | 82,626 | SH | DFND | 1 | 82,626 | 0 | 0 | |
| TORO CO | COM | 891092108 | 17,172 | 215,535 | SH | DFND | 1 | 215,535 | 0 | 0 | |
| TRANSUNION | COM | 89400J107 | 18,628 | 217,591 | SH | DFND | 1 | 217,591 | 0 | 0 | |
| TYLER TECHNOLOGIES INC | COM | 902252105 | 3,449 | 11,495 | SH | DFND | 1 | 11,495 | 0 | 0 | |
| UNION PACIFIC CORP | COM | 907818108 | 14,045 | 77,686 | SH | DFND | 1 | 77,686 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 32,478 | 172,849 | SH | DFND | 1 | 172,849 | 0 | 0 | |