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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPHABET INC CAP STK CL C 02079K107   1,750,370 11,319 SH   SOLE   11,319 0 0
AMERICAN TOWER CORP NEW COM 03027X100   891,725 4,098 SH   SOLE   4,098 0 0
AMERIPRISE FINL INC COM 03076C106   1,029,702 2,127 SH   SOLE   2,127 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   1,392,269 10,167 SH   SOLE   10,167 0 0
ASBURY AUTOMOTIVE GROUP INC COM 043436104   4,473,335 20,256 SH   SOLE   20,256 0 0
AXON ENTERPRISE INC COM 05464C101   1,169,187 2,223 SH   SOLE   2,223 0 0
BERKLEY W R CORP COM 084423102   2,563,397 36,023 SH   SOLE   36,023 0 0
BLACKSTONE INC COM 09260D107   628,591 4,497 SH   SOLE   4,497 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106   830,784 7,944 SH   SOLE   7,944 0 0
BROADCOM INC COM 11135F101   605,762 3,618 SH   SOLE   3,618 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   587,343 4,701 SH   SOLE   4,701 0 0
CASEYS GEN STORES INC COM 147528103   2,011,775 4,635 SH   SOLE   4,635 0 0
CBOE GLOBAL MKTS INC COM 12503M108   2,675,427 11,823 SH   SOLE   11,823 0 0
CENCORA INC COM 03073E105   4,189,704 15,066 SH   SOLE   15,066 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108   1,804,323 4,896 SH   SOLE   4,896 0 0
CHEMED CORP NEW COM 16359R103   2,968,304 4,824 SH   SOLE   4,824 0 0
CHEVRON CORP NEW COM 166764100   3,161,781 18,900 SH   SOLE   18,900 0 0
CLOUDFLARE INC CL A COM 18915M107   643,009 5,706 SH   SOLE   5,706 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107   3,522,552 29,040 SH   SOLE   29,040 0 0
COMCAST CORP NEW CL A 20030N101   3,339,487 90,501 SH   SOLE   90,501 0 0
COMFORT SYS USA INC COM 199908104   2,180,562 6,765 SH   SOLE   6,765 0 0
CONOCOPHILLIPS COM 20825C104   369,250 3,516 SH   SOLE   3,516 0 0
CORPORACION AMER ARPTS S A COM L1995B107   2,003,905 109,503 SH   SOLE   109,503 0 0
CROWDSTRIKE HLDGS INC CL A 22788C105   1,262,942 3,582 SH   SOLE   3,582 0 0
CROWN CASTLE INC COM 22822V101   3,706,627 35,562 SH   SOLE   35,562 0 0
CSW INDUSTRIALS INC COM 126402106   776,609 2,664 SH   SOLE   2,664 0 0
DARDEN RESTAURANTS INC COM 237194105   3,438,636 16,551 SH   SOLE   16,551 0 0
DECKERS OUTDOOR CORP COM 243537107   744,990 6,663 SH   SOLE   6,663 0 0
DOMINOS PIZZA INC COM 25754A201   1,077,870 2,346 SH   SOLE   2,346 0 0
ENSIGN GROUP INC COM 29358P101   821,431 6,348 SH   SOLE   6,348 0 0
EXTRA SPACE STORAGE INC COM 30225T102   853,521 5,748 SH   SOLE   5,748 0 0
EXXON MOBIL CORP COM 30231G102   4,032,678 33,908 SH   SOLE   33,908 0 0
FABRINET SHS G3323L100   2,027,045 10,263 SH   SOLE   10,263 0 0
GENERAC HLDGS INC COM 368736104   2,192,312 17,310 SH   SOLE   17,310 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109   3,649,532 9,555 SH   SOLE   9,555 0 0
GRUPO AEROPORTUARIO DEL CENT SPON ADR 400501102   212,773 2,706 SH   SOLE   2,706 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202   864,176 3,156 SH   SOLE   3,156 0 0
GRUPO AEROPUERTO DEL PACIFIC SPON ADS B 400506101   245,430 1,323 SH   SOLE   1,323 0 0
ICON PLC SHS G4705A100   2,420,112 13,830 SH   SOLE   13,830 0 0
IDEX CORP COM 45167R104   398,496 2,202 SH   SOLE   2,202 0 0
IES HLDGS INC COM 44951W106   1,330,952 8,061 SH   SOLE   8,061 0 0
INSTALLED BLDG PRODS INC COM 45780R101   727,848 4,245 SH   SOLE   4,245 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   1,810,727 10,935 SH   SOLE   10,935 0 0
KINSALE CAP GROUP INC COM 49714P108   896,520 1,842 SH   SOLE   1,842 0 0
LANDSTAR SYS INC COM 515098101   1,231,940 8,202 SH   SOLE   8,202 0 0
LITHIA MTRS INC COM 536797103   751,169 2,559 SH   SOLE   2,559 0 0
LULULEMON ATHLETICA INC COM 550021109   772,754 2,730 SH   SOLE   2,730 0 0
MARKETAXESS HLDGS INC COM 57060D108   2,519,612 11,646 SH   SOLE   11,646 0 0
MEDPACE HLDGS INC COM 58506Q109   220,291 723 SH   SOLE   723 0 0
MERCADOLIBRE INC COM 58733R102   450,651 231 SH   SOLE   231 0 0
MONSTER BEVERAGE CORP NEW COM 61174X109   249,471 4,263 SH   SOLE   4,263 0 0
NETFLIX INC COM 64110L106   623,863 669 SH   SOLE   669 0 0
NIKE INC CL B 654106103   1,280,899 20,178 SH   SOLE   20,178 0 0
NORFOLK SOUTHN CORP COM 655844108   757,446 3,198 SH   SOLE   3,198 0 0
NORTHROP GRUMMAN CORP COM 666807102   2,778,678 5,427 SH   SOLE   5,427 0 0
NOVO-NORDISK A S ADR 670100205   995,561 14,337 SH   SOLE   14,337 0 0
NU HLDGS LTD ORD SHS CL A G6683N103   468,695 45,771 SH   SOLE   45,771 0 0
PAYCOM SOFTWARE INC COM 70432V102   1,221,085 5,589 SH   SOLE   5,589 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101   3,534,805 271,074 SH   SOLE   271,074 0 0
PHILLIPS 66 COM 718546104   1,881,465 15,237 SH   SOLE   15,237 0 0
POOL CORP COM 73278L105   808,927 2,541 SH   SOLE   2,541 0 0
PRIMERICA INC COM 74164M108   1,421,227 4,995 SH   SOLE   4,995 0 0
REPLIGEN CORP COM 759916109   1,881,498 14,787 SH   SOLE   14,787 0 0
RESMED INC COM 761152107   997,252 4,455 SH   SOLE   4,455 0 0
REXFORD INDL RLTY INC COM 76169C100   2,710,746 69,240 SH   SOLE   69,240 0 0
RLI CORP COM 749607107   3,051,174 37,983 SH   SOLE   37,983 0 0
SAIA INC COM 78709Y105   2,305,190 6,597 SH   SOLE   6,597 0 0
SEA LTD SPONSORD ADS 81141R100   696,817 5,340 SH   SOLE   5,340 0 0
SIMPSON MFG INC COM 829073105   4,924,458 31,350 SH   SOLE   31,350 0 0
SUN CMNTYS INC COM 866674104   1,627,811 12,654 SH   SOLE   12,654 0 0
TEXAS INSTRS INC COM 882508104   4,201,386 23,380 SH   SOLE   23,380 0 0
TFI INTL INC COM 87241L109   930,794 12,018 SH   SOLE   12,018 0 0
THE TRADE DESK INC COM CL A 88339J105   1,266,987 23,154 SH   SOLE   23,154 0 0
TORO CO COM 891092108   3,829,196 52,635 SH   SOLE   52,635 0 0
UNION PAC CORP COM 907818108   340,658 1,442 SH   SOLE   1,442 0 0
UNITED RENTALS INC COM 911363109   2,352,632 3,754 SH   SOLE   3,754 0 0
UNITEDHEALTH GROUP INC COM 91324P102   3,010,515 5,748 SH   SOLE   5,748 0 0
VALERO ENERGY CORP COM 91913Y100   465,151 3,522 SH   SOLE   3,522 0 0
VEEVA SYS INC CL A COM 922475108   1,191,041 5,142 SH   SOLE   5,142 0 0
WILLIAMS SONOMA INC COM 969904101   2,319,485 14,671 SH   SOLE   14,671 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   7,621,938 84,211 SH   SOLE   84,211 0 0