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 34,955 89,349 SH   SOLE   77,038 12,311 0
Ansys COM 03662Q105 121,446 650,555 SH   SOLE   560,916 89,639 0
CME COM 12572Q105 62,863 369,328 SH   SOLE   318,353 50,975 0
Cognex COM 192422103 45,627 817,395 SH   SOLE   704,577 112,818 0
Edwards COM 28176E112 112,409 645,655 SH   SOLE   556,667 88,988 0
First Republic Bank COM 33616C100 108,389 1,129,055 SH   SOLE   973,483 155,572 0
Hexcel COM 428291108 95,877 1,429,940 SH   SOLE   1,232,577 197,363 0
Idexx COM 45168D104 57,426 230,018 SH   SOLE   198,324 31,694 0
Masimo COM 574795100 39,259 315,236 SH   SOLE   271,800 43,436 0
MarketAxess COM 57060D108 59,361 332,576 SH   SOLE   286,673 45,903 0
Mastercard COM 57636Q104 184,884 830,527 SH   SOLE   716,089 114,438 0
Medidata COM 58471A105 35,821 488,629 SH   SOLE   421,188 67,441 0
Mettler-Toledo COM 592688105 71,076 116,714 SH   SOLE   100,632 16,082 0
PayPal COM 70450Y103 108,522 1,235,456 SH   SOLE   1,065,223 170,233 0
PTC COM 69370C100 45,745 430,782 SH   SOLE   371,424 59,358 0
SVB Fin Group COM 78486Q101 87,623 281,900 SH   SOLE   242,992 38,908 0
Tyler COM 902252105 85,473 348,786 SH   SOLE   300,646 48,140 0
Varian COM 92220P105 87,411 780,943 SH   SOLE   673,156 107,787 0
Verisk Analytics COM 92345Y106 97,082 805,322 SH   SOLE   694,357 110,965 0
Visa COM 92826C839 95,434 635,848 SH   SOLE   548,087 87,761 0
Waters COM 941848103 78,400 402,712 SH   SOLE   347,223 55,489 0