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
ALPHABET INC CAP STK CL A 02079K305 28,115 20,991 SH   DFND 1,2 0 20,991 0
APPLE INC COM 037833100 9,442 32,153 SH   DFND 1,2 0 32,153 0
APTARGROUP INC COM 038336103 4,758 41,155 SH   DFND 1,2 0 41,155 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 11,493 146,967 SH   DFND 1,2 0 146,967 0
CERNER CORP COM 156782104 13,678 186,376 SH   DFND 1,2 0 186,376 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 8,091 130,450 SH   DFND 1,2 0 130,450 0
CORE LABORATORIES N V COM N22717107 10,689 283,762 SH   DFND 1,2 0 283,762 0
DISNEY WALT CO COM DISNEY 254687106 2,089 14,447 SH   DFND 1,2 0 14,447 0
EBAY INC COM 278642103 9,613 266,227 SH   DFND 1,2 0 266,227 0
ECOLAB INC COM 278865100 2,392 12,397 SH   DFND 1,2 0 12,397 0
EQUIFAX INC COM 294429105 4,520 32,259 SH   DFND 1,2 0 32,259 0
FACEBOOK INC CL A 30303M102 32,228 157,016 SH   DFND 1,2 0 157,016 0
FACTSET RESH SYS INC COM 303075105 4,407 16,424 SH   DFND 1,2 0 16,424 0
FASTENAL CO COM 311900104 10,451 282,836 SH   DFND 1,2 0 282,836 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 10,335 111,673 SH   DFND 1,2 0 111,673 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 14,266 110,572 SH   DFND 1,2 0 110,572 0
IPG PHOTONICS CORP COM 44980X109 21,430 147,875 SH   DFND 1,2 0 147,875 0
MICROSOFT CORP COM 594918104 31,126 197,374 SH   DFND 1,2 0 197,374 0
MOODYS CORP COM 615369105 8,901 37,490 SH   DFND 1,2 0 37,490 0
MSC INDL DIRECT INC CL A 553530106 7,384 94,101 SH   DFND 1,2 0 94,101 0
S&P GLOBAL INC COM 78409V104 8,487 31,081 SH   DFND 1,2 0 31,081 0
STARBUCKS CORP COM 855244109 7,412 84,304 SH   DFND 1,2 0 84,304 0
ULTA BEAUTY INC COM 90384S303 25,389 100,295 SH   DFND 1,2 0 100,295 0
BOOKING HLDGS INC COM 09857L108 32,420 15,786 SH   DFND 1,2 0 15,786 0
ISHARES INC MSCI TURKEY ETF 464286715 16,317 602,339 SH   DFND 1,2 0 602,339 0