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 | 14,910 | 12,832 | SH | DFND | 1 | 12,832 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 4,855 | 69,278 | SH | DFND | 1 | 69,278 | 0 | 0 | |
| AON PLC | SHS CL A | G0408V102 | 13,796 | 83,594 | SH | DFND | 1 | 83,594 | 0 | 0 | |
| BLACK KNIGHT INC | COM | 09215C105 | 14,653 | 252,379 | SH | DFND | 1 | 252,379 | 0 | 0 | |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | 4,036 | 39,564 | SH | DFND | 1 | 39,564 | 0 | 0 | |
| CANADIAN PAC RY LTD | COM | 13645T100 | 10,782 | 48,685 | SH | DFND | 1 | 48,685 | 0 | 0 | |
| FISERV INC | COM | 337738108 | 15,145 | 159,440 | SH | DFND | 1 | 159,440 | 0 | 0 | |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | 4,174 | 108,531 | SH | DFND | 1 | 108,531 | 0 | 0 | |
| HENRY JACK & ASSOC INC | COM | 426281101 | 17,022 | 109,650 | SH | DFND | 1 | 109,650 | 0 | 0 | |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 11,206 | 138,770 | SH | DFND | 1 | 138,770 | 0 | 0 | |
| LENNOX INTL INC | COM | 526107107 | 7,807 | 42,946 | SH | DFND | 1 | 42,946 | 0 | 0 | |
| MARSH & MCLENNAN COS INC | COM | 571748102 | 14,301 | 165,409 | SH | DFND | 1 | 165,409 | 0 | 0 | |
| MASTERCARD INC | CL A | 57636Q104 | 15,559 | 64,409 | SH | DFND | 1 | 64,409 | 0 | 0 | |
| MSCI INC | COM | 55354G100 | 10,787 | 37,329 | SH | DFND | 1 | 37,329 | 0 | 0 | |
| ROLLINS INC | COM | 775711104 | 15,080 | 417,258 | SH | DFND | 1 | 417,258 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 20,262 | 82,685 | SH | DFND | 1 | 82,685 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 21,563 | 83,657 | SH | DFND | 1 | 83,657 | 0 | 0 | |
| TORO CO | COM | 891092108 | 10,993 | 168,892 | SH | DFND | 1 | 168,892 | 0 | 0 | |
| TRANSUNION | COM | 89400J107 | 12,931 | 195,398 | SH | DFND | 1 | 195,398 | 0 | 0 | |
| TYLER TECHNOLOGIES INC | COM | 902252105 | 2,499 | 8,426 | SH | DFND | 1 | 8,426 | 0 | 0 | |
| UNION PAC CORP | COM | 907818108 | 9,321 | 66,086 | SH | DFND | 1 | 66,086 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 16,571 | 102,848 | SH | DFND | 1 | 102,848 | 0 | 0 | |