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
PROGRESSIVE CORP. (OHIO) COM 743315103 3,037 38,000 SH   SOLE 0 0 0 38,000
APPLE INC COM 037833100 2,256 11,400 SH   SOLE 0 0 0 11,400
ELI LILLY & CO COM 532457108 831 7,500 SH   SOLE 0 0 0 7,500
BOOKING HLDG RG COM 09857L108 2,250 1,200 SH   SOLE 0 0 0 1,200
WELBILT RG COM 949090104 903 54,100 SH   SOLE 0 0 0 54,100
WORLDPAY-A RG COM 981558109 3,260 26,600 SH   SOLE 0 0 0 26,600
PROTO LABS COM 743713109 1,439 12,400 SH   SOLE 0 0 0 12,400
GRAND CANYON ED COM 38526M106 2,528 21,600 SH   SOLE 0 0 0 21,600
BRIGHT HORIZONS COM 109194100 2,821 18,700 SH   SOLE 0 0 0 18,700
POOL COM 73278L105 1,222 6,400 SH   SOLE 0 0 0 6,400
ALIBABA GRP SP ADS SPONSORED ADR 01609W102 1,983 11,700 SH   SOLE 0 0 0 11,700
ALPHABET INC. - C - COM 02079K107 2,058 1,904 SH   SOLE 0 0 0 1,904
PAYPAL HOLDINGS INC. COM 70450Y103 2,804 24,500 SH   SOLE 0 0 0 24,500
ANSYS COM 03662Q105 1,086 5,300 SH   SOLE 0 0 0 5,300
MASTERCARD INCORPORATED COM 57636Q104 4,259 16,100 SH   SOLE 0 0 0 16,100
IAC/INTERACTIVE-WI COM 44919P508 2,262 10,400 SH   SOLE 0 0 0 10,400
ACTIVISION BLIZZARD COM 00507V109 1,048 22,200 SH   SOLE 0 0 0 22,200
XYLEM COM 98419M100 2,216 26,500 SH   SOLE 0 0 0 26,500
IPG PHOTONICS COM 44980X109 848 5,500 SH   SOLE 0 0 0 5,500
FIRST REPUBLIC BANK COM 33616C100 2,392 24,500 SH   SOLE 0 0 0 24,500
ABBOTT LABORATORIES COM 002824100 1,968 23,400 SH   SOLE 0 0 0 23,400
JOHNSON & JOHNSON COM 478160104 1,254 9,000 SH   SOLE 0 0 0 9,000
WALT DISNEY COMPANY COM 254687106 2,625 18,800 SH   SOLE 0 0 0 18,800
NASDAQ INC. COM 631103108 2,395 24,900 SH   SOLE 0 0 0 24,900
EAST WEST BANCORP COM 27579R104 2,343 50,100 SH   SOLE 0 0 0 50,100
A O SMITH CORP COM 831865209 755 16,000 SH   SOLE 0 0 0 16,000
ALBEMARLE COM 012653101 1,507 21,400 SH   SOLE 0 0 0 21,400
NETEASE INC SPONSORED ADR 64110W102 1,125 4,400 SH   SOLE 0 0 0 4,400
GRUPO AEROPORT ADS SPON ADR SER B 40051E202 1,718 10,600 SH   SOLE 0 0 0 10,600
SERVICE CORP INTL COM USD1 COM 817565104 2,447 52,300 SH   SOLE 0 0 0 52,300
CHECK POINT SOFTWARE COM M22465104 1,884 16,300 SH   SOLE 0 0 0 16,300
NVIDIA CORP. COM 67066G104 805 4,900 SH   SOLE 0 0 0 4,900
AMAZON.COM INC. COM 023135106 2,083 1,100 SH   SOLE 0 0 0 1,100
TAIWAN SEMICONDUCTOR - SP. ADR REPR 5 SHS SPONSORED ADR 874039100 2,354 60,100 SH   SOLE 0 0 0 60,100
BA EMBOTELLADORA ANDINA B SPON ADR B 29081P303 860 40,000 SH   SOLE 0 0 0 40,000
MICROSOFT COM 594918104 2,639 19,700 SH   SOLE 0 0 0 19,700
GILEAD SCIENCES INC. COM 375558103 568 8,400 SH   SOLE 0 0 0 8,400
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 2,012 16,600 SH   SOLE 0 0 0 16,600
HOME DEPOT INC. COM 437076102 4,222 20,300 SH   SOLE 0 0 0 20,300
THERMO FISHER SCIENTIFIC INC. COM 883556102 2,702 9,200 SH   SOLE 0 0 0 9,200
COOPER COS INC USD 0,10 COM 216648402 2,156 6,400 SH   SOLE 0 0 0 6,400
UNITEDHEALTH GROUP INC. COM 91324P102 2,660 10,900 SH   SOLE 0 0 0 10,900
ISHARES TR S&P 100 ETF S&P 100 ETF 464287101 1,590 12,270 SH   SOLE 0 0 0 12,270
ISHARES TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 223 5,200 SH   SOLE 0 0 0 5,200
SPDR GOLD TRUST GOLD SHS 78463V107 866 6,500 SH   SOLE 0 0 0 6,500