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
3M CO COM 88579Y101 724,726 3,439,447 SH   SOLE   3,439,447 0 47,291
AUTOMATIC DATA PROCESSING COM 053015103 883,337 5,863,113 SH   SOLE   5,863,113 0 64,578
BECTON DICKINSON AND CO COM 075887109 973,374 3,729,405 SH   SOLE   3,729,405 0 6,301
COLGATE PALMOLIVE CO COM 194162103 146,030 2,181,181 SH   SOLE   2,181,181 0 42,265
ESTEE LAUDER COM 518439104 911,965 6,275,561 SH   SOLE   6,275,561 0 6,836
FACEBOOK COM 30303M102 1,002,028 6,092,839 SH   SOLE   6,092,839 0 26,946
IDEXX LABORATORIES COM 45168D104 1,094,022 4,382,048 SH   SOLE   4,382,048 0 50,244
INTUIT INC COM 461202103 997,871 4,388,174 SH   SOLE   4,388,174 0 37,600
JOHNSON & JOHNSON COM 478160104 632,041 4,574,375 SH   SOLE   4,574,375 0 6,827
MARRIOTT INTERNATIONAL CL A COM 571903202 13,661 103,472 SH   SOLE   103,472 0 78,117
MCCORMICK & CO NON VTG SHRS COM 579780206 348,961 2,648,658 SH   SOLE   2,648,658 0 40,336
MICROSOFT COM 594918104 1,361,122 11,901,040 SH   SOLE   11,901,040 0 125,946
PAYPAL HOLDINGS INC COM 70450Y103 1,331,445 15,157,619 SH   SOLE   15,157,619 0 44,591
PEPSICO INC COM 713448108 905,490 8,099,198 SH   SOLE   8,099,198 0 70,943
PHILIP MORRIS INTERNATIONAL COM 718172109 1,003,604 12,308,123 SH   SOLE   12,308,123 0 101,244
STRYKER CORP COM 863667101 971,790 5,469,325 SH   SOLE   5,469,325 0 59,828
VISA INC CLASS A SHARES COM CL A 92826C839 847,148 5,644,266 SH   SOLE   5,644,266 0 81,105
WATERS CORP COM 941848103 960,420 4,933,327 SH   SOLE   4,933,327 0 49,932
ANSYS COM 03662Q105 39,028 273,041 SH   SOLE   0 0 273,041
AO SMITH COM 831865209 29,459 689,903 SH   SOLE   0 0 689,903
CDK GBL. COM 12508E101 44,182 922,783 SH   SOLE   0 0 922,783
COGNEX COM 192422103 39,953 1,033,167 SH   SOLE   0 0 1,033,167
CHECK POINT SOFTWARE TECH COM M22465104 49,177 479,073 SH   SOLE   0 0 479,073
EQUIFAX COM 294429105 49,149 527,747 SH   SOLE   0 0 527,747
IPG PHOTONICS COM 44980X109 19,159 169,115 SH   SOLE   0 0 169,115
MASIMO COM 574795100 51,470 479,372 SH   SOLE   0 0 479,372
MSCI COM 55354G100 21,266 144,247 SH   SOLE   0 0 144,247
PAYCOM SOFTWARE COM 70432V102 20,930 170,928 SH   SOLE   0 0 170,928
SABRE COM 78573M104 48,969 2,262,871 SH   SOLE   0 0 2,262,871
VERISK ANALYTICS COM 92345Y106 49,116 450,436 SH   SOLE   0 0 450,436
VERISIGN COM 92343E102 40,464 272,873 SH   SOLE   0 0 272,873
MERCADOLIBRE COM 58733R102 5,349 18,267 SH   SOLE   0 0 18,267