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
AMBEV SA SPONSORED ADR 02319V103 69,581 12,079,950 SH   DFND 8,582,350 0 3,497,600
AMBEV SA SPONSORED ADR 02319V103 98,834 17,158,628 SH   DFND 1 12,571,553 0 4,587,075
AMERICAN EXPRESS CO COM 025816109 70,292 899,800 SH   DFND 639,700 0 260,100
AMERICAN EXPRESS CO COM 025816109 99,810 1,277,650 SH   DFND 1 938,350 0 339,300
ANALOG DEVICES INC COM 032654105 201,735 3,202,139 SH   DFND 2,278,679 0 923,460
ANALOG DEVICES INC COM 032654105 285,606 4,533,434 SH   DFND 1 3,326,974 0 1,206,460
BAIDU INC SPON ADR REP A 056752108 197,485 947,624 SH   DFND 673,724 0 273,900
BAIDU INC SPON ADR REP A 056752108 279,027 1,338,903 SH   DFND 1 981,353 0 357,550
BITAUTO HLDGS LTD SPONSORED ADS 091727107 30,357 596,630 SH   DFND 424,224 0 172,406
BITAUTO HLDGS LTD SPONSORED ADS 091727107 44,895 882,379 SH   DFND 1 620,955 0 261,424
CIMPRESS N V SHS EURO N20146101 48,707 577,235 SH   DFND 1 421,647 0 155,588
CIMPRESS N V SHS EURO N20146101 34,792 412,328 SH   DFND 294,938 0 117,390
CME GROUP INC COM 12572Q105 83,402 880,600 SH   DFND 1 647,000 0 233,600
CME GROUP INC COM 12572Q105 58,502 617,700 SH   DFND 439,000 0 178,700
CREDIT ACCEP CORP MICH COM 225310101 36,576 187,568 SH   DFND 133,403 0 54,165
CREDIT ACCEP CORP MICH COM 225310101 51,804 265,660 SH   DFND 1 193,775 0 71,885
ECOLAB INC COM 278865100 225,316 1,969,892 SH   DFND 1 1,444,468 0 525,424
ECOLAB INC COM 278865100 158,874 1,389,005 SH   DFND 987,630 0 401,375
FIDELITY NATL INFORMATION SV COM 31620M106 234,098 3,439,576 SH   DFND 2,446,447 0 993,129
FIDELITY NATL INFORMATION SV COM 31620M106 331,625 4,872,536 SH   DFND 1 3,573,542 0 1,298,994
GOOGLE INC CL A 38259P508 167,099 301,243 SH   DFND 1 221,016 0 80,227
GOOGLE INC CL A 38259P508 117,556 211,927 SH   DFND 150,813 0 61,114
GOOGLE INC CL C 38259P706 91,156 166,343 SH   DFND 117,929 0 48,414
GOOGLE INC CL C 38259P706 129,209 235,783 SH   DFND 1 172,956 0 62,827
GRAINGER W W INC COM 384802104 189,454 803,420 SH   DFND 1 588,900 0 214,520
GRAINGER W W INC COM 384802104 133,518 566,208 SH   DFND 402,794 0 163,414
HARLEY DAVIDSON INC COM 412822108 157,103 2,586,491 SH   DFND 1,840,040 0 746,451
HARLEY DAVIDSON INC COM 412822108 223,058 3,672,342 SH   DFND 1 2,691,610 0 980,732
INTERCONTINENTAL EXCHANGE IN COM 45866F104 81,318 348,600 SH   DFND 247,800 0 100,800
INTERCONTINENTAL EXCHANGE IN COM 45866F104 115,571 495,440 SH   DFND 1 363,340 0 132,100
MCGRAW HILL FINL INC COM 580645109 35,628 344,561 SH   DFND 245,952 0 98,609
MCGRAW HILL FINL INC COM 580645109 49,967 483,238 SH   DFND 1 353,445 0 129,793
MSC INDL DIRECT INC CL A 553530106 98,591 1,365,525 SH   DFND 1 1,001,527 0 363,998
MSC INDL DIRECT INC CL A 553530106 69,566 963,519 SH   DFND 685,225 0 278,294
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 84,071 1,463,370 SH   DFND 1,041,670 0 421,700
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 119,249 2,075,700 SH   DFND 1 1,522,200 0 553,500
SIRONA DENTAL SYSTEMS INC COM 82966C103 92,083 1,023,258 SH   DFND 728,522 0 294,736
SIRONA DENTAL SYSTEMS INC COM 82966C103 130,488 1,450,032 SH   DFND 1 1,063,223 0 386,809
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 226,474 4,700,582 SH   DFND 1 3,446,982 0 1,253,600
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 159,857 3,317,903 SH   DFND 2,360,671 0 957,232