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
Align COM 016255101 35,143 167,801 SH   SOLE   144,385 23,416 0
Ansys COM 03662Q105 91,863 642,668 SH   SOLE   553,029 89,639 0
CME COM 12572Q105 106,671 567,038 SH   SOLE   487,803 79,235 0
Cognex COM 192422103 31,230 807,602 SH   SOLE   694,784 112,818 0
Edwards COM 28176E112 69,822 455,849 SH   SOLE   392,090 63,759 0
First Republic Bank COM 33616C100 96,776 1,113,648 SH   SOLE   958,076 155,572 0
Hexcel COM 428291108 84,687 1,476,926 SH   SOLE   1,270,629 206,297 0
Idexx COM 45168D104 49,849 267,974 SH   SOLE   230,588 37,386 0
Intuit COM 461202103 37,814 192,096 SH   SOLE   165,260 26,836 0
Masimo COM 574795100 44,660 415,944 SH   SOLE   357,845 58,099 0
MarketAxess COM 57060D108 90,322 427,436 SH   SOLE   367,732 59,704 0
Mastercard COM 57636Q104 137,090 726,692 SH   SOLE   625,344 101,348 0
Medidata COM 58471A105 36,849 546,553 SH   SOLE   470,183 76,370 0
Mettler-Toledo COM 592688105 65,112 115,124 SH   SOLE   99,042 16,082 0
PayPal COM 70450Y103 102,472 1,218,597 SH   SOLE   1,048,364 170,233 0
PTC COM 69370C100 35,225 424,904 SH   SOLE   365,546 59,358 0
SVB Fin Group COM 78486Q101 52,897 278,522 SH   SOLE   239,614 38,908 0
Tyler COM 902252105 64,035 344,609 SH   SOLE   296,469 48,140 0
Varian COM 92220P105 107,673 950,251 SH   SOLE   817,294 132,957 0
Verisk Analytics COM 92345Y106 86,614 794,334 SH   SOLE   683,369 110,965 0
Visa COM 92826C839 82,889 628,232 SH   SOLE   540,471 87,761 0
Waters COM 941848103 51,256 271,697 SH   SOLE   233,747 37,950 0