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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agilent Technologies Common 00846U101   7,081,160 47,691 SH   SOLE   47,691 0 0
Air Lease Corp. Common 00912X302   4,269,579 94,272 SH   SOLE   94,272 0 0
Alexandria Real Estate Equities Common 015271109   5,396,475 45,444 SH   SOLE   45,444 0 0
Amentum Holdings Inc Common 023939101   1,686,223 52,286 SH   SOLE   52,286 0 0
Bank of N.T. Butterfield & Sons Common G0772R208   2,375,810 64,420 SH   SOLE   64,420 0 0
Becton Dickinson Common 075887109   4,996,315 20,723 SH   SOLE   20,723 0 0
Bio-Techne Corp Common 09073M104   3,573,590 44,709 SH   SOLE   44,709 0 0
Brown-Forman Corp-Class B Common 115637209   6,348,916 129,043 SH   SOLE   129,043 0 0
CBRE Group Common 12504L109   9,690,768 77,850 SH   SOLE   77,850 0 0
Emcor Group Common 29084Q100   8,123,671 18,869 SH   SOLE   18,869 0 0
Euronet Worldwide Common 298736109   7,057,833 71,126 SH   SOLE   71,126 0 0
Fidelity National Financial Common 31620R303   5,119,019 82,485 SH   SOLE   82,485 0 0
Fortrea Holdings Inc. Common 34965K107   524,500 26,225 SH   SOLE   26,225 0 0
Genpact Ltd. Common G3922B107   6,322,064 161,236 SH   SOLE   161,236 0 0
IDEX Corporation Common 45167R104   805,233 3,754 SH   SOLE   3,754 0 0
Intercontinental Exchange, Inc. Common 45866F104   6,730,977 41,901 SH   SOLE   41,901 0 0
Jacobs Solutions Inc. Common 46982L108   6,844,237 52,286 SH   SOLE   52,286 0 0
Keysight Technologies, Inc. Common 49338L103   6,838,758 43,030 SH   SOLE   43,030 0 0
Laboratory Corp. of America Holdings Common 504922105   5,860,763 26,225 SH   SOLE   26,225 0 0
Liberty Media Corp - Formula One Common 531229755   3,522,910 45,498 SH   SOLE   45,498 0 0
Mid-America Apartment Communities Common 59522J103   5,874,215 36,968 SH   SOLE   36,968 0 0
Occidental Petroleum Common 674599105   3,997,391 77,559 SH   SOLE   77,559 0 0
Roper Industries Common 776696106   4,355,256 7,827 SH   SOLE   7,827 0 0
Ross Stores Common 778296103   7,910,655 52,559 SH   SOLE   52,559 0 0
SBA Communications Corp Common 78410G104   3,287,721 13,659 SH   SOLE   13,659 0 0
SEI Investments Common 784117103   6,013,926 86,919 SH   SOLE   86,919 0 0
Virtu Financial Common 928254101   6,229,436 204,512 SH   SOLE   204,512 0 0
Wabtec Common 929740108   8,318,704 45,765 SH   SOLE   45,765 0 0
Warner Music Group Corp. Common 934550203   6,079,055 194,219 SH   SOLE   194,219 0 0