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 | 1,236,262 | 10,328 | SH | DFND | 1 | 0 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 4,412,869 | 37,161 | SH | DFND | 1 | 0 | 0 | 0 | |
| ANSYS INC | COM | 03662Q105 | 5,161,790 | 15,629 | SH | DFND | 1 | 0 | 0 | 0 | |
| AON PLC | SHS CL A | G0403H108 | 696,959 | 2,019 | SH | DFND | 1 | 0 | 0 | 0 | |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | 5,250,310 | 64,964 | SH | DFND | 1 | 0 | 0 | 0 | |
| DANAHER CORPORATION | COM | 235851102 | 417,840 | 1,741 | SH | DFND | 1 | 0 | 0 | 0 | |
| DESCARTES SYS GROUP INC | COM | 249906108 | 469,044 | 5,855 | SH | DFND | 1 | 0 | 0 | 0 | |
| FIRSTSERVICE CORP NEW | COM | 33767E202 | 1,991,921 | 12,927 | SH | DFND | 1 | 0 | 0 | 0 | |
| GALLAGHER ARTHUR J & CO | COM | 363576109 | 5,225,107 | 23,797 | SH | DFND | 1 | 0 | 0 | 0 | |
| ICON PLC | SHS | G4705A100 | 488,891 | 1,954 | SH | DFND | 1 | 0 | 0 | 0 | |
| IQVIA HLDGS INC | COM | 46266C105 | 521,466 | 2,320 | SH | DFND | 1 | 0 | 0 | 0 | |
| MARSH & MCLENNAN COS INC | COM | 571748102 | 5,182,168 | 27,553 | SH | DFND | 1 | 0 | 0 | 0 | |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | 1,832,778 | 4,660 | SH | DFND | 1 | 0 | 0 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 5,193,576 | 15,251 | SH | DFND | 1 | 0 | 0 | 0 | |
| MSCI INC | COM | 55354G100 | 1,309,319 | 2,790 | SH | DFND | 1 | 0 | 0 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 5,158,252 | 12,867 | SH | DFND | 1 | 0 | 0 | 0 | |
| SHERWIN WILLIAMS CO | COM | 824348106 | 761,246 | 2,867 | SH | DFND | 1 | 0 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 5,201,448 | 11,734 | SH | DFND | 1 | 0 | 0 | 0 | |
| STERICYCLE INC | COM | 858912108 | 2,832,422 | 60,991 | SH | DFND | 1 | 0 | 0 | 0 | |
| TYLER TECHNOLOGIES INC | COM | 902252105 | 1,222,756 | 2,936 | SH | DFND | 1 | 0 | 0 | 0 | |
| VANGUARD INDEX FDS | S&P 500 ETF SHS | 922908363 | 3,994,602 | 9,808 | SH | DFND | 1 | 0 | 0 | 0 | |
| VISA INC | COM CL A | 92826C839 | 5,187,513 | 21,844 | SH | DFND | 1 | 0 | 0 | 0 | |
| WASTE CONNECTIONS INC | COM | 94106B101 | 5,260,253 | 36,803 | SH | DFND | 1 | 0 | 0 | 0 | |