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
ADOBE INC COM 00724F101 7,685 28,840 SH   SOLE   28,840 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 7,239 45,321 SH   SOLE   45,321 0 0
CINTAS CORP COM 172908105 1,342 6,642 SH   SOLE   6,642 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 836 11,550 SH   SOLE   11,550 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 4,118 88,705 SH   SOLE   88,705 0 0
EQUINIX INC COM 29444U700 9,682 21,367 SH   SOLE   21,367 0 0
FIRST AMERN FINL CORP COM 31847R102 13,077 253,935 SH   SOLE   253,935 0 0
FIRST DATA CORP NEW COM CL A 32008D106 11,254 428,434 SH   SOLE   428,434 0 0
FISERV INC COM 337738108 11,078 125,496 SH   SOLE   125,496 0 0
GLOBAL PMTS INC COM 37940X102 1,447 10,601 SH   SOLE   10,601 0 0
IHS MARKIT LTD SHS G47567105 2,930 53,897 SH   SOLE   53,897 0 0
INTERXION HOLDING N.V SHS N47279109 2,021 30,290 SH   SOLE   30,290 0 0
LIFE STORAGE INC COM 53223X107 791 8,140 SH   SOLE   8,140 0 0
MICROSOFT CORP COM 594918104 8,933 75,746 SH   SOLE   75,746 0 0
S&P GLOBAL INC COM 78409V104 11,164 53,024 SH   SOLE   53,024 0 0
STEWART INFORMATION SVCS COR COM 860372101 1,238 29,015 SH   SOLE   29,015 0 0
TOTAL SYS SVCS INC COM 891906109 13,351 140,524 SH   SOLE   140,524 0 0
VISA INC COM CL A 92826C839 24,881 159,300 SH   SOLE   159,300 0 0
WASTE CONNECTIONS INC COM 94106B101 12,758 144,019 SH   SOLE   144,019 0 0
WORLDPAY INC CL A 981558109 11,551 101,776 SH   SOLE   101,776 0 0