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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agilent Technologies Common 00846U101   9,327,008 71,951 SH   SOLE   71,951 0 0
Air Lease Corp. Common 00912X302   6,248,769 131,470 SH   SOLE   131,470 0 0
Albemarle Common 012653101   32,668 342 SH   SOLE   342 0 0
Alexandria Real Estate Equities Common 015271109   7,412,857 63,374 SH   SOLE   63,374 0 0
Atlanta Braves Holdings Inc. Common 047726302   77,381 1,962 SH   SOLE   1,962 0 0
Bank of N.T. Butterfield & Sons Common G0772R208   3,154,689 89,826 SH   SOLE   89,826 0 0
Becton Dickinson Common 075887109   7,294,557 31,212 SH   SOLE   31,212 0 0
Bio-Techne Corp Common 09073M104   4,729,688 66,011 SH   SOLE   66,011 0 0
Brown-Forman Corp-Class B Common 115637209   4,297,923 99,512 SH   SOLE   99,512 0 0
CBRE Group Common 12504L109   10,465,880 117,449 SH   SOLE   117,449 0 0
Emcor Group Common 29084Q100   12,314,148 33,730 SH   SOLE   33,730 0 0
Euronet Worldwide Common 298736109   11,117,038 107,411 SH   SOLE   107,411 0 0
Fidelity National Financial Common 31620R303   5,688,143 115,098 SH   SOLE   115,098 0 0
Fortrea Holdings Inc. Common 34965K107   922,957 39,544 SH   SOLE   39,544 0 0
Genpact Ltd. Common G3922B107   7,837,943 243,490 SH   SOLE   243,490 0 0
IDEX Corporation Common 45167R104   1,138,591 5,659 SH   SOLE   5,659 0 0
Intercontinental Exchange, Inc. Common 45866F104   8,065,422 58,919 SH   SOLE   58,919 0 0
Jacobs Solutions Inc. Common 46982L108   11,032,480 78,967 SH   SOLE   78,967 0 0
Keysight Technologies, Inc. Common 49338L103   8,874,391 64,895 SH   SOLE   64,895 0 0
Laboratory Corp. of America Holdings Common 504922105   8,047,599 39,544 SH   SOLE   39,544 0 0
Liberty Media Corp - Formula One Common 531229755   4,929,373 68,616 SH   SOLE   68,616 0 0
Liberty Media Corp - Liberty C Common 531229722   111,289 2,908 SH   SOLE   2,908 0 0
Mid-America Apartment Communities Common 59522J103   7,954,501 55,778 SH   SOLE   55,778 0 0
Occidental Petroleum Common 674599105   6,825,708 108,293 SH   SOLE   108,293 0 0
PVH Corp Common 693656100   5,504,287 51,991 SH   SOLE   51,991 0 0
Roper Industries Common 776696106   6,646,679 11,792 SH   SOLE   11,792 0 0
Ross Stores Common 778296103   11,509,053 79,198 SH   SOLE   79,198 0 0
SBA Communications Corp Common 78410G104   3,743,834 19,072 SH   SOLE   19,072 0 0
SEI Investments Common 784117103   5,707,081 88,222 SH   SOLE   88,222 0 0
Virtu Financial Common 928254101   6,408,869 285,473 SH   SOLE   285,473 0 0
Wabtec Common 929740108   14,156,538 89,570 SH   SOLE   89,570 0 0
Warner Music Group Corp. Common 934550203   8,777,118 286,366 SH   SOLE   286,366 0 0