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 |
| Arch Capital Group Ltd | COM | G0450A105 | 129,094 | 1,496,044 | SH | SOLE | 1,493,629 | 0 | 2,415 | ||
| Capella Education Co | COM | 139594105 | 3,147 | 35,841 | SH | SOLE | 35,841 | 0 | 0 | ||
| Chipotle Mexican Grill Cl A | COM | 169656105 | 40,300 | 106,807 | SH | SOLE | 106,672 | 0 | 135 | ||
| Cummins Inc | COM | 231021106 | 83,455 | 610,635 | SH | SOLE | 610,180 | 0 | 455 | ||
| Deere & Co. | COM | 244199105 | 83,685 | 812,163 | SH | SOLE | 811,058 | 0 | 1,105 | ||
| Expeditors International of Washington | COM | 302130109 | 66,887 | 1,262,965 | SH | SOLE | 1,261,635 | 0 | 1,330 | ||
| Fastenal Co | COM | 311900104 | 78,913 | 1,679,707 | SH | SOLE | 1,677,442 | 0 | 2,265 | ||
| Goldman Sachs Group Inc | COM | 38141G104 | 124,210 | 518,729 | SH | SOLE | 518,059 | 0 | 670 | ||
| Mastercard Inc Class A | COM | 57636Q104 | 56,501 | 547,224 | SH | SOLE | 546,579 | 0 | 645 | ||
| Moody's Corp. | COM | 615369105 | 119,225 | 1,264,718 | SH | SOLE | 1,263,003 | 0 | 1,715 | ||
| NVR Inc. | COM | 62944T105 | 78,361 | 46,951 | SH | SOLE | 46,867 | 0 | 84 | ||
| Ross Stores Inc | COM | 778296103 | 53,423 | 814,368 | SH | SOLE | 813,273 | 0 | 1,095 | ||
| Strayer Education Inc | COM | 863236105 | 60,157 | 746,088 | SH | SOLE | 745,048 | 0 | 1,040 | ||
| US Bancorp | COM | 902973304 | 57,283 | 1,115,098 | SH | SOLE | 1,113,873 | 0 | 1,225 | ||
| Union Pacific Corporation | COM | 907818108 | 70,536 | 680,328 | SH | SOLE | 679,243 | 0 | 1,085 | ||
| Visa Inc Cl A | COM | 92826C839 | 54,186 | 694,510 | SH | SOLE | 693,570 | 0 | 940 | ||
| Waters Corp | COM | 941848103 | 14,517 | 108,024 | SH | SOLE | 108,024 | 0 | 0 | ||
| Wells Fargo & Company | COM | 949746101 | 64,399 | 1,168,551 | SH | SOLE | 1,166,809 | 0 | 1,742 | ||
| YUM! Brands Inc | COM | 988498101 | 58,297 | 920,530 | SH | SOLE | 918,508 | 0 | 2,022 | ||
| YUM! China Holdings Inc. | COM | 98850P109 | 13,039 | 499,188 | SH | SOLE | 496,393 | 0 | 2,795 | ||