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
Estimated average burden
hours per response: 23.8
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
AMBEV SA SPONSORED ADR 02319V103 71,784 11,767,950 SH   DFND 8,270,350 0 3,497,600
AMBEV SA SPONSORED ADR 02319V103 101,813 16,690,628 SH   DFND 1 12,103,553 0 4,587,075
AMERICAN EXPRESS CO COM 025816109 68,176 877,200 SH   DFND 617,100 0 260,100
AMERICAN EXPRESS CO COM 025816109 96,540 1,242,150 SH   DFND 1 902,850 0 339,300
ANALOG DEVICES INC COM 032654105 200,138 3,118,139 SH   DFND 2,194,679 0 923,460
ANALOG DEVICES INC COM 032654105 282,397 4,399,734 SH   DFND 1 3,193,274 0 1,206,460
BAIDU INC SPON ADR REP A 056752108 258,387 1,297,903 SH   DFND 1 940,353 0 357,550
BAIDU INC SPON ADR REP A 056752108 183,616 922,324 SH   DFND 648,424 0 273,900
BITAUTO HLDGS LTD SPONSORED ADS 091727107 29,590 579,630 SH   DFND 407,224 0 172,406
BITAUTO HLDGS LTD SPONSORED ADS 091727107 44,081 863,479 SH   DFND 1 602,055 0 261,424
CIMPRESS N V SHS EURO N20146101 55,726 662,144 SH   DFND 1 479,949 0 182,195
CIMPRESS N V SHS EURO N20146101 39,701 471,727 SH   DFND 333,561 0 138,166
CME GROUP INC COM 12572Q105 79,613 855,500 SH   DFND 1 619,900 0 235,600
CME GROUP INC COM 12572Q105 55,957 601,300 SH   DFND 422,600 0 178,700
CREDIT ACCEP CORP MICH COM 225310101 63,990 259,930 SH   DFND 1 188,045 0 71,885
CREDIT ACCEP CORP MICH COM 225310101 45,068 183,068 SH   DFND 128,903 0 54,165
ECOLAB INC COM 278865100 152,894 1,352,205 SH   DFND 950,830 0 401,375
ECOLAB INC COM 278865100 215,906 1,909,492 SH   DFND 1 1,384,068 0 525,424
FIDELITY NATL INFORMATION SV COM 31620M106 207,004 3,349,576 SH   DFND 2,356,447 0 993,129
FIDELITY NATL INFORMATION SV COM 31620M106 292,248 4,728,936 SH   DFND 1 3,429,942 0 1,298,994
GOOGLE INC CL A 38259P508 111,479 206,427 SH   DFND 145,313 0 61,114
GOOGLE INC CL A 38259P508 157,121 290,943 SH   DFND 1 210,716 0 80,227
GOOGLE INC CL C 38259P706 119,574 229,725 SH   DFND 1 166,328 0 63,397
GOOGLE INC CL C 38259P706 84,551 162,438 SH   DFND 113,893 0 48,545
GRAINGER W W INC COM 384802104 130,562 551,708 SH   DFND 388,294 0 163,414
GRAINGER W W INC COM 384802104 184,473 779,520 SH   DFND 1 565,000 0 214,520
HARLEY DAVIDSON INC COM 412822108 141,973 2,519,491 SH   DFND 1,773,040 0 746,451
HARLEY DAVIDSON INC COM 412822108 200,513 3,558,342 SH   DFND 1 2,577,610 0 980,732
INTERCONTINENTAL EXCHANGE IN COM 45866F104 139,217 622,590 SH   DFND 1 450,390 0 172,200
INTERCONTINENTAL EXCHANGE IN COM 45866F104 98,165 439,000 SH   DFND 308,700 0 130,300
MCGRAW HILL FINL INC COM 580645109 33,828 336,761 SH   DFND 238,152 0 98,609
MCGRAW HILL FINL INC COM 580645109 47,687 474,738 SH   DFND 1 344,945 0 129,793
MSC INDL DIRECT INC CL A 553530106 65,585 940,019 SH   DFND 661,725 0 278,294
MSC INDL DIRECT INC CL A 553530106 92,391 1,324,225 SH   DFND 1 960,227 0 363,998
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 146,308 2,774,132 SH   DFND 1 2,010,632 0 763,500
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 102,899 1,951,070 SH   DFND 1,370,370 0 580,700
SIRONA DENTAL SYSTEMS INC COM 82966C103 99,964 995,458 SH   DFND 700,722 0 294,736
SIRONA DENTAL SYSTEMS INC COM 82966C103 141,445 1,408,532 SH   DFND 1 1,021,723 0 386,809
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 213,844 4,559,582 SH   DFND 1 3,305,982 0 1,253,600
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 151,482 3,229,903 SH   DFND 2,272,671 0 957,232