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 35,145 7,172,369 SH   DFND 1 5,186,694 0 1,985,675
AMBEV SA SPONSORED ADR 02319V103 25,128 5,128,209 SH   DFND 3,613,809 0 1,514,400
AMERICAN EXPRESS CO COM 025816109 65,309 881,000 SH   DFND 620,900 0 260,100
AMERICAN EXPRESS CO COM 025816109 91,473 1,233,950 SH   DFND 1 894,650 0 339,300
ANALOG DEVICES INC COM 032654105 176,684 3,132,139 SH   DFND 2,208,679 0 923,460
ANALOG DEVICES INC COM 032654105 246,384 4,367,734 SH   DFND 1 3,158,274 0 1,209,460
BAIDU INC SPON ADR REP A 056752108 177,314 1,290,403 SH   DFND 1 931,853 0 358,550
BAIDU INC SPON ADR REP A 056752108 127,341 926,724 SH   DFND 652,824 0 273,900
BITAUTO HLDGS LTD SPONSORED ADS 091727107 24,732 830,785 SH   DFND 584,731 0 246,054
BITAUTO HLDGS LTD SPONSORED ADS 091727107 34,536 1,160,089 SH   DFND 1 836,477 0 323,612
CIMPRESS N V SHS EURO N20146101 49,561 651,172 SH   DFND 458,782 0 192,390
CIMPRESS N V SHS EURO N20146101 69,186 909,031 SH   DFND 1 657,343 0 251,688
CME GROUP INC COM 12572Q105 86,638 934,206 SH   DFND 1 675,453 0 258,753
CME GROUP INC COM 12572Q105 61,749 665,831 SH   DFND 469,008 0 196,823
CREDIT ACCEP CORP MICH COM 225310101 50,779 257,930 SH   DFND 1 186,045 0 71,885
CREDIT ACCEP CORP MICH COM 225310101 36,159 183,668 SH   DFND 129,503 0 54,165
ECOLAB INC COM 278865100 207,962 1,895,392 SH   DFND 1 1,367,968 0 527,424
ECOLAB INC COM 278865100 149,154 1,359,405 SH   DFND 958,030 0 401,375
FIDELITY NATL INFORMATION SV COM 31620M106 314,946 4,695,086 SH   DFND 1 3,393,092 0 1,301,994
FIDELITY NATL INFORMATION SV COM 31620M106 225,696 3,364,576 SH   DFND 2,371,447 0 993,129
GOOGLE INC CL C 38259P706 231,544 370,365 SH   DFND 260,706 0 109,659
GOOGLE INC CL C 38259P706 323,851 518,013 SH   DFND 1 373,989 0 144,024
GRAINGER W W INC COM 384802104 73,922 343,808 SH   DFND 242,194 0 101,614
GRAINGER W W INC COM 384802104 103,231 480,120 SH   DFND 1 346,500 0 133,620
HARLEY DAVIDSON INC COM 412822108 138,924 2,530,491 SH   DFND 1,784,040 0 746,451
HARLEY DAVIDSON INC COM 412822108 193,980 3,533,342 SH   DFND 1 2,552,610 0 980,732
INTERCONTINENTAL EXCHANGE IN COM 45866F104 103,560 440,700 SH   DFND 310,400 0 130,300
INTERCONTINENTAL EXCHANGE IN COM 45866F104 145,327 618,440 SH   DFND 1 446,240 0 172,200
MCGRAW HILL FINL INC COM 580645109 96,503 1,115,638 SH   DFND 1 805,545 0 310,093
MCGRAW HILL FINL INC COM 580645109 69,404 802,361 SH   DFND 564,752 0 237,609
MSC INDL DIRECT INC CL A 553530106 57,632 944,319 SH   DFND 666,025 0 278,294
MSC INDL DIRECT INC CL A 553530106 80,390 1,317,225 SH   DFND 1 950,227 0 366,998
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 110,583 2,493,970 SH   DFND 1,756,270 0 737,700
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 154,105 3,475,532 SH   DFND 1 2,511,032 0 964,500
SIRONA DENTAL SYSTEMS INC COM 82966C103 124,156 1,330,149 SH   DFND 1 962,286 0 367,863
SIRONA DENTAL SYSTEMS INC COM 82966C103 88,802 951,378 SH   DFND 670,921 0 280,457
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 198,442 4,843,582 SH   DFND 1 3,498,982 0 1,344,600
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 142,490 3,477,903 SH   DFND 2,447,671 0 1,030,232