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
ABIOMED INC COM 003654100 11,573 35,551 SH   SOLE   35,551 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 11,837 75,139 SH   SOLE   75,139 0 0
ALIGN TECHNOLOGY INC COM 016255101 12,084 18,160 SH   SOLE   18,160 0 0
AMERICAN EXPRESS CO COM 025816109 11,271 67,276 SH   SOLE   67,276 0 0
ANSYS INC COM 03662Q105 77,996 229,096 SH   SOLE   229,096 0 0
ASPEN TECHNOLOGY INC COM 045327103 10,237 83,365 SH   SOLE   83,365 0 0
AVALARA INC COM 05338G106 11,986 68,579 SH   SOLE   68,579 0 0
BOOKING HOLDINGS INC COM 09857L108 12,038 5,071 SH   SOLE   5,071 0 0
CARMAX INC COM 143130102 10,994 85,916 SH   SOLE   85,916 0 0
CATALENT INC COM 148806102 13,657 102,627 SH   SOLE   102,627 0 0
CLOROX CO DEL COM 189054109 10,550 63,701 SH   SOLE   63,701 0 0
CONSTELLATION BRANDS INC CL A 21036P108 10,341 49,080 SH   SOLE   49,080 0 0
COSTAR GROUP INC COM 22160N109 11,530 133,977 SH   SOLE   133,977 0 0
CYBERARK SOFTWARE LTD SHS M2682V108 13,442 85,174 SH   SOLE   85,174 0 0
DOLBY LABORATORIES INC COM CL A 25659T107 10,236 116,320 SH   SOLE   116,320 0 0
DOMINOS PIZZA INC COM 25754A201 11,359 23,815 SH   SOLE   23,815 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 12,129 107,134 SH   SOLE   107,134 0 0
ELECTRONIC ARTS INC COM 285512109 11,286 79,342 SH   SOLE   79,342 0 0
ENTEGRIS INC COM 29362U104 11,365 90,272 SH   SOLE   90,272 0 0
ETSY INC COM 29786A106 11,210 53,905 SH   SOLE   53,905 0 0
FACTSET RESH SYS INC COM 303075105 13,072 33,112 SH   SOLE   33,112 0 0
FASTENAL CO COM 311900104 32,919 637,832 SH   SOLE   637,832 0 0
FERRARI N V COM N3167Y103 11,367 54,356 SH   SOLE   54,356 0 0
FORTINET INC COM 34959E109 44,177 151,269 SH   SOLE   151,269 0 0
GARTNER INC COM 366651107 13,921 45,811 SH   SOLE   45,811 0 0
GOOSEHEAD INS INC COM CL A 38267D109 13,401 87,996 SH   SOLE   87,996 0 0
GRACO INC COM 384109104 10,502 150,091 SH   SOLE   150,091 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 84,550 736,371 SH   SOLE   736,371 0 0
INTUIT COM 461202103 12,223 22,656 SH   SOLE   22,656 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 11,993 12,064 SH   SOLE   12,064 0 0
IPG PHOTONICS CORP COM 44980X109 8,867 55,976 SH   SOLE   55,976 0 0
IQVIA HLDGS INC COM 46266C105 91,019 379,974 SH   SOLE   379,974 0 0
ISHARES TR MSCI ACWI ETF 464288257 484 4,843 SH   SOLE   4,843 0 0
JD.COM INC SPON ADR CL A 47215P106 10,294 142,504 SH   SOLE   142,504 0 0
KINSALE CAP GROUP INC COM 49714P108 11,031 68,220 SH   SOLE   68,220 0 0
LAUDER ESTEE COS INC CL A 518439104 10,647 35,498 SH   SOLE   35,498 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 11,544 126,679 SH   SOLE   126,679 0 0
MARKEL CORP COM 570535104 34,654 28,996 SH   SOLE   28,996 0 0
MARKETAXESS HLDGS INC COM 57060D108 10,439 24,815 SH   SOLE   24,815 0 0
MASIMO CORP COM 574795100 12,389 45,764 SH   SOLE   45,764 0 0
MATCH GROUP INC NEW COM 57667L107 10,963 69,830 SH   SOLE   69,830 0 0
MCCORMICK & CO INC COM NON VTG 579780206 10,444 128,889 SH   SOLE   128,889 0 0
MERCADOLIBRE INC COM 58733R102 11,964 7,124 SH   SOLE   7,124 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 11,031 8,009 SH   SOLE   8,009 0 0
MOODYS CORP COM 615369105 11,061 31,147 SH   SOLE   31,147 0 0
MORNINGSTAR INC COM 617700109 11,189 43,194 SH   SOLE   43,194 0 0
MSCI INC COM 55354G100 40,433 66,464 SH   SOLE   66,464 0 0
NEW YORK TIMES CO CL A 650111107 40,808 828,244 SH   SOLE   828,244 0 0
PERKINELMER INC COM 714046109 42,497 245,234 SH   SOLE   245,234 0 0
POOL CORP COM 73278L105 10,717 24,671 SH   SOLE   24,671 0 0
RESMED INC COM 761152107 105,378 399,840 SH   SOLE   399,840 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 35,307 645,227 SH   SOLE   645,227 0 0
SERVICE CORP INTL COM 817565104 12,509 207,589 SH   SOLE   207,589 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 9,902 60,095 SH   SOLE   60,095 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 9,499 42,156 SH   SOLE   42,156 0 0
STARBUCKS CORP COM 855244109 11,139 100,980 SH   SOLE   100,980 0 0
STONECO LTD COM CL A G85158106 19,166 552,030 SH   SOLE   552,030 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 12,570 22,002 SH   SOLE   22,002 0 0
TRADEWEB MKTS INC CL A 892672106 10,853 134,351 SH   SOLE   134,351 0 0
TRANSUNION COM 89400J107 11,355 101,104 SH   SOLE   101,104 0 0
TRIMBLE INC COM 896239100 11,153 135,596 SH   SOLE   135,596 0 0
TRIP COM GROUP LTD ADS 89677Q107 9,622 312,911 SH   SOLE   312,911 0 0
TYLER TECHNOLOGIES INC COM 902252105 11,249 24,527 SH   SOLE   24,527 0 0
ULTA BEAUTY INC COM 90384S303 11,583 32,092 SH   SOLE   32,092 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 8,955 52,378 SH   SOLE   52,378 0 0
VERISIGN INC COM 92343E102 30,719 149,841 SH   SOLE   149,841 0 0
VERISK ANALYTICS INC COM 92345Y106 12,731 63,569 SH   SOLE   63,569 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 10,314 56,863 SH   SOLE   56,863 0 0
WABTEC COM 929740108 11,634 134,951 SH   SOLE   134,951 0 0
WATSCO INC COM 942622200 10,518 39,747 SH   SOLE   39,747 0 0