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
ALLEGION PUB LTD CO ORD SHS G0176J109 64,401 744,777 SH   SOLE   744,777 0 0
ALPHABET INC CAP STK CL C 02079K107 53,987 56,289 SH   SOLE   56,289 0 0
AMBEV SA SPONSORED ADR 02319V103 1,023 4,544,467 SH   SOLE   4,544,467 0 0
ANSYS INC COM 03662Q105 41,857 341,047 SH   SOLE   341,047 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 59,424 819,187 SH   SOLE   819,187 0 0
COLGATE PALMOLIVE CO COM 194162103 37,524 515,080 SH   SOLE   515,080 0 0
ECOLAB INC COM 278865100 19,074 148,305 SH   SOLE   148,305 0 0
LAUDER ESTEE COS INC CL A 518439104 76,096 705,640 SH   SOLE   705,640 0 0
FAIR ISAAC CORP COM 303250104 50,770 361,353 SH   SOLE   361,353 0 0
FERRARI N V COM N3167Y103 451,354 4,187,765 SH   SOLE   4,187,765 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 8,902 11,464,560 SH   SOLE   11,464,560 0 0
MARRIOTT INTL INC NEW CL A 571903202 54,900 497,912 SH   SOLE   497,912 0 0
MONSANTO CO NEW COM 61166W101 29,770 248,452 SH   SOLE   248,452 0 0
MOODYS CORP COM 615369105 49,483 355,453 SH   SOLE   355,453 0 0
NIKE INC CL B 654106103 24,898 480,192 SH   SOLE   480,192 0 0
PRAXAIR INC COM 74005P104 59,179 423,495 SH   SOLE   423,495 0 0
US BANCORP DEL COM NEW 902973304 59,038 1,101,655 SH   SOLE   1,101,655 0 0
VISA INC COM CL A 92826C839 77,862 739,854 SH   SOLE   739,854 0 0