The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 | 22,608 | 20,879 | SH | DFND | 1,2 | 0 | 20,879 | 0 | |
| APPLE INC | COM | 037833100 | 14,112 | 71,303 | SH | DFND | 1,2 | 0 | 71,303 | 0 | |
| APTARGROUP INC | COM | 038336103 | 5,083 | 40,882 | SH | DFND | 1,2 | 0 | 40,882 | 0 | |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 | 12,332 | 146,200 | SH | DFND | 1,2 | 0 | 146,200 | 0 | |
| CERNER CORP | COM | 156782104 | 8,555 | 116,709 | SH | DFND | 1,2 | 0 | 116,709 | 0 | |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | 11,394 | 179,745 | SH | DFND | 1,2 | 0 | 179,745 | 0 | |
| EBAY INC | COM | 278642103 | 13,444 | 340,351 | SH | DFND | 1,2 | 0 | 340,351 | 0 | |
| ECOLAB INC | COM | 278865100 | 2,419 | 12,253 | SH | DFND | 1,2 | 0 | 12,253 | 0 | |
| EQUIFAX INC | COM | 294429105 | 4,338 | 32,078 | SH | DFND | 1,2 | 0 | 32,078 | 0 | |
| FACEBOOK INC | CL A | 30303M102 | 15,912 | 82,447 | SH | DFND | 1,2 | 0 | 82,447 | 0 | |
| FACTSET RESH SYS INC | COM | 303075105 | 2,176 | 7,595 | SH | DFND | 1,2 | 0 | 7,595 | 0 | |
| FASTENAL CO | COM | 311900104 | 11,102 | 340,649 | SH | DFND | 1,2 | 0 | 340,649 | 0 | |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 13,504 | 157,133 | SH | DFND | 1,2 | 0 | 157,133 | 0 | |
| INTERNATIONAL FLAVORS&FRAGRA | COM | 459506101 | 6,661 | 45,907 | SH | DFND | 1,2 | 0 | 45,907 | 0 | |
| IPG PHOTONICS CORP | COM | 44980X109 | 22,420 | 145,346 | SH | DFND | 1,2 | 0 | 145,346 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 26,317 | 196,456 | SH | DFND | 1,2 | 0 | 196,456 | 0 | |
| MOODYS CORP | COM | 615369105 | 12,299 | 62,972 | SH | DFND | 1,2 | 0 | 62,972 | 0 | |
| MSC INDL DIRECT INC | CL A | 553530106 | 18,867 | 254,064 | SH | DFND | 1,2 | 0 | 254,064 | 0 | |
| S&P GLOBAL INC | COM | 78409V104 | 11,464 | 50,326 | SH | DFND | 1,2 | 0 | 50,326 | 0 | |
| STARBUCKS CORP | COM | 855244109 | 11,849 | 141,349 | SH | DFND | 1,2 | 0 | 141,349 | 0 | |
| ULTA BEAUTY INC | COM | 90384S303 | 14,715 | 42,420 | SH | DFND | 1,2 | 0 | 42,420 | 0 | |
| BOOKING HLDGS INC | COM | 09857L108 | 29,472 | 15,721 | SH | DFND | 1,2 | 0 | 15,721 | 0 | |
| ISHARES INC | MSCI TURKEY ETF | 464286715 | 14,291 | 599,961 | SH | DFND | 1,2 | 0 | 599,961 | 0 | |