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 10,820 34,000 SH   SOLE 27,000 0 7,000
ALPHABET INC CAP STK CL A 02079K305 19,258 16,574 SH   SOLE 14,000 0 2,574
ANTHEM INC COM 036752103 5,222 23,000 SH   SOLE 23,000 0 0
AON PLC SHS CL A G0408V102 29,872 181,000 SH   SOLE 140,000 0 41,000
APPLE INC COM 037833100 10,426 41,000 SH   SOLE 41,000 0 0
BROWN FORMAN CORP CL B 115637209 12,601 227,000 SH   SOLE 196,000 0 31,000
CBRE GROUP INC CL A 12504L109 2,263 60,000 SH   SOLE 60,000 0 0
COPART INC COM 217204106 20,899 305,000 SH   SOLE 265,000 0 40,000
DIAGEO P L C SPON ADR NEW 25243Q205 496 3,900 SH   SOLE 0 0 3,900
FACEBOOK INC CL A 30303M102 17,848 107,000 SH   SOLE 95,000 0 12,000
FACEBOOK INC CL A 30303M102 10,008 60,000 SH Call SOLE 60,000 0 0
FAIR ISAAC CORP COM 303250104 5,538 18,000 SH   SOLE 18,000 0 0
FISERV INC COM 337738108 20,138 212,000 SH   SOLE 178,000 0 34,000
HDFC BANK LTD SPONSORED ADS 40415F101 4,615 120,000 SH   SOLE 0 0 120,000
INTUIT COM 461202103 5,290 23,000 SH   SOLE 23,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 1,976 16,000 SH   SOLE 0 0 16,000
ISHARES TR NATIONAL MUN ETF 464288414 1,582 14,000 SH   SOLE 0 0 14,000
ISHARES TR PFD AND INCM SEC 464288687 2,229 70,000 SH   SOLE 45,000 0 25,000
JPMORGAN CHASE & CO COM 46625H100 3,061 34,000 SH   SOLE 34,000 0 0
LAUDER ESTEE COS INC CL A 518439104 14,022 88,000 SH   SOLE 71,000 0 17,000
MASTERCARD INC CL A 57636Q104 21,982 91,000 SH   SOLE 78,000 0 13,000
MICROSOFT CORP COM 594918104 18,767 119,000 SH   SOLE 84,000 0 35,000
MOODYS CORP COM 615369105 23,688 112,000 SH   SOLE 97,000 0 15,000
MSCI INC COM 55354G100 24,908 86,200 SH   SOLE 79,000 0 7,200
NIKE INC CL B 654106103 24,905 301,000 SH   SOLE 215,000 0 86,000
O REILLY AUTOMOTIVE INC NEW COM 67103H107 17,160 57,000 SH   SOLE 47,000 0 10,000
PEPSICO INC COM 713448108 5,284 44,000 SH   SOLE 44,000 0 0
SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 423 7,000 SH   SOLE 0 0 7,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 876 3,400 SH Put SOLE 0 0 3,400
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 766 16,000 SH   SOLE 0 0 16,000
THE CHARLES SCHWAB CORPORATI COM 808513105 508 15,100 SH   SOLE 0 0 15,100
UNILEVER PLC SPON ADR NEW 904767704 10,235 202,400 SH   SOLE 115,000 0 87,400
UNITEDHEALTH GROUP INC COM 91324P102 7,980 32,000 SH   SOLE 24,000 0 8,000
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 871 10,000 SH   SOLE 0 0 10,000
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 5,142 65,000 SH   SOLE 0 0 65,000
VERISK ANALYTICS INC COM 92345Y106 16,586 119,000 SH   SOLE 103,000 0 16,000
VISA INC COM CL A 92826C839 11,117 69,000 SH   SOLE 32,000 0 37,000
WELLS FARGO CO NEW PERP PFD CNV A 949746804 2,128 1,670 SH   SOLE 0 0 1,670