The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agilent Technologies Common 00846U101   8,782,422 74,421 SH   SOLE   74,421 0 0
Alexandria Real Estate Equities Common 015271109   8,665,703 119,313 SH   SOLE   119,313 0 0
Amentum Holdings Inc Common 023939101   1,623,140 68,748 SH   SOLE   68,748 0 0
Bank of N.T. Butterfield & Sons Common G0772R208   4,028,506 90,978 SH   SOLE   90,978 0 0
Becton Dickinson Common 075887109   4,708,626 27,336 SH   SOLE   27,336 0 0
Bio-Techne Corp Common 09073M104   3,475,911 67,559 SH   SOLE   67,559 0 0
Brown-Forman Corp-Class B Common 115637209   4,555,513 169,287 SH   SOLE   169,287 0 0
CBRE Group Common 12504L109   14,197,799 101,326 SH   SOLE   101,326 0 0
CoStar Group Inc. Common 22160N109   5,010,287 62,317 SH   SOLE   62,317 0 0
Emcor Group Common 29084Q100   13,089,293 24,471 SH   SOLE   24,471 0 0
Euronet Worldwide Common 298736109   9,597,949 94,673 SH   SOLE   94,673 0 0
Fidelity National Financial Common 31620R303   6,763,303 120,644 SH   SOLE   120,644 0 0
Fortrea Holdings Inc. Common 34965K107   170,904 34,596 SH   SOLE   34,596 0 0
Genpact Ltd. Common G3922B107   9,418,228 214,002 SH   SOLE   214,002 0 0
IDEX Corporation Common 45167R104   814,645 4,640 SH   SOLE   4,640 0 0
Intercontinental Exchange, Inc. Common 45866F104   11,604,661 63,251 SH   SOLE   63,251 0 0
Jacobs Solutions Inc. Common 46982L108   9,090,162 69,153 SH   SOLE   69,153 0 0
Keysight Technologies, Inc. Common 49338L103   8,701,458 53,103 SH   SOLE   53,103 0 0
Laboratory Corp. of America Holdings Common 504922105   9,081,796 34,596 SH   SOLE   34,596 0 0
Liberty Media Corp - Formula One Common 531229755   6,289,750 60,189 SH   SOLE   60,189 0 0
Mid-America Apartment Communities Common 59522J103   7,241,981 48,929 SH   SOLE   48,929 0 0
Occidental Petroleum Common 674599105   7,610,364 181,156 SH   SOLE   181,156 0 0
Roper Industries Common 776696106   5,850,922 10,322 SH   SOLE   10,322 0 0
Ross Stores Common 778296103   8,267,567 64,803 SH   SOLE   64,803 0 0
SEI Investments Common 784117103   10,172,781 113,207 SH   SOLE   113,207 0 0
Virtu Financial Common 928254101   13,772,656 307,494 SH   SOLE   307,494 0 0
Wabtec Common 929740108   12,555,348 59,973 SH   SOLE   59,973 0 0
Warner Music Group Corp. Common 934550203   6,925,089 254,225 SH   SOLE   254,225 0 0