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 A 02079K305   1,296,379,025 6,848,278 SH   SOLE   6,848,278 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103   1,467,663,914 5,013,712 SH   SOLE   5,013,712 0 0
BROWN FORMAN CORP CL B 115637209   366,046,720 9,637,881 SH   SOLE   9,637,881 0 0
CHOICE HOTELS INTL INC COM 169905106   104,197,986 733,892 SH   SOLE   733,892 0 0
CHURCH & DWIGHT CO INC COM 171340102   718,009,140 6,857,121 SH   SOLE   6,857,121 0 0
CLOROX CO DEL COM 189054109   99,638,048 613,497 SH   SOLE   613,497 0 0
DOXIMITY INC CL A 26622P107   37,933,702 710,502 SH   SOLE   710,502 0 0
EQUIFAX INC COM 294429105   92,594,141 363,328 SH   SOLE   363,328 0 0
EXPONENT INC COM 30214U102   74,530,101 836,477 SH   SOLE   836,477 0 0
FORTINET INC COM 34959E109   805,954,365 8,530,423 SH   SOLE   8,530,423 0 0
GRACO INC COM 384109104   96,060,340 1,139,641 SH   SOLE   1,139,641 0 0
HOME DEPOT INC COM 437076102   56,652,115 145,639 SH   SOLE   145,639 0 0
IDEX CORP COM 45167R104   75,867,834 362,501 SH   SOLE   362,501 0 0
IDEXX LABS INC COM 45168D104   1,100,930,771 2,662,855 SH   SOLE   2,662,855 0 0
MARRIOTT INTL INC NEW CL A 571903202   1,186,984,540 4,255,340 SH   SOLE   4,255,340 0 0
MASTERCARD INCORPORATED CL A 57636Q104   33,717,857 64,033 SH   SOLE   64,033 0 0
MEDPACE HLDGS INC COM 58506Q109   42,371,618 127,537 SH   SOLE   127,537 0 0
META PLATFORMS INC CL A 30303M102   2,670,717,210 4,561,352 SH   SOLE   4,561,352 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105   723,751,654 591,455 SH   SOLE   591,455 0 0
MICROSOFT CORP COM 594918104   2,607,834,410 6,187,033 SH   SOLE   6,187,033 0 0
MSCI INC COM 55354G100   99,973,066 166,619 SH   SOLE   166,619 0 0
NIKE INC CL B 654106103   464,283,046 6,135,629 SH   SOLE   6,135,629 0 0
ODDITY TECH LTD SHS CL A M7518J104   67,868,939 1,615,158 SH   SOLE   1,615,158 0 0
OTIS WORLDWIDE CORP COM 68902V107   552,583,218 5,966,777 SH   SOLE   5,966,777 0 0
PAYCOM SOFTWARE INC COM 70432V102   66,125,577 322,611 SH   SOLE   322,611 0 0
PEPSICO INC COM 713448108   861,218,725 5,663,677 SH   SOLE   5,663,677 0 0
PHILIP MORRIS INTL INC COM 718172109   1,353,356,811 11,245,175 SH   SOLE   11,245,175 0 0
PROCTER AND GAMBLE CO COM 742718109   775,611,936 4,626,376 SH   SOLE   4,626,376 0 0
QUALYS INC COM 74758T303   76,841,822 548,009 SH   SOLE   548,009 0 0
ROLLINS INC COM 775711104   74,044,728 1,597,513 SH   SOLE   1,597,513 0 0
SABRE CORP COM 78573M104   78,471,697 21,499,095 SH   SOLE   21,499,095 0 0
STRYKER CORPORATION COM 863667101   1,920,498,419 5,333,977 SH   SOLE   5,333,977 0 0
TEXAS INSTRS INC COM 882508104   318,885,131 1,700,630 SH   SOLE   1,700,630 0 0
VERISIGN INC COM 92343E102   129,246,520 624,500 SH   SOLE   624,500 0 0
VERISK ANALYTICS INC COM 92345Y106   115,042,980 417,685 SH   SOLE   417,685 0 0
VISA INC COM CL A 92826C839   1,460,916,075 4,622,567 SH   SOLE   4,622,567 0 0
WATERS CORP COM 941848103   1,348,334,972 3,634,522 SH   SOLE   3,634,522 0 0
ZOETIS INC CL A 98978V103   37,038,714 227,329 SH   SOLE   227,329 0 0