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 5,354 23,667 SH   SOLE   23,667 0 0
ARAMARK COM 03852U106 759 26,212 SH   SOLE   26,212 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 12,446 94,920 SH   SOLE   94,920 0 0
CINTAS CORP COM 172908105 1,878 11,182 SH   SOLE   11,182 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 2,943 27,096 SH   SOLE   27,096 0 0
DXC TECHNOLOGY CO COM 23355L106 3,604 67,783 SH   SOLE   67,783 0 0
FIRST AMERN FINL CORP COM 31847R102 3,042 68,134 SH   SOLE   68,134 0 0
FISERV INC COM 337738108 791 10,770 SH   SOLE   10,770 0 0
GLOBAL PMTS INC COM 37940X102 8,973 87,009 SH   SOLE   87,009 0 0
IHS MARKIT LTD SHS G47567105 7,097 147,953 SH   SOLE   147,953 0 0
MICROSOFT CORP COM 594918104 4,169 41,041 SH   SOLE   41,041 0 0
MSCI INC COM 55354G100 1,083 7,344 SH   SOLE   7,344 0 0
S&P GLOBAL INC COM 78409V104 12,984 76,401 SH   SOLE   76,401 0 0
STEWART INFORMATION SVCS COR COM 860372101 496 11,973 SH   SOLE   11,973 0 0
TOTAL SYS SVCS INC COM 891906109 9,726 119,644 SH   SOLE   119,644 0 0
VISA INC COM CL A 92826C839 29,149 220,927 SH   SOLE   220,927 0 0
WASTE CONNECTIONS INC COM 94106B101 6,427 86,557 SH   SOLE   86,557 0 0