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
ARRIS INTL INC SHS G0551A103 7,692 270,000 SH   SOLE   270,000 0 0
AXALTA COATING SYS LTD COM G0750C108 7,904 273,300 SH   SOLE   273,300 0 0
ACCENTURE PLC IRELAND SHS CL A G1151C101 15,533 115,000 SH   SOLE   115,000 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 8,303 199,500 SH   SOLE   199,500 0 0
EATON CORP PLC SHS G29183103 4,047 52,700 SH   SOLE   52,700 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 491 15,000 SH   SOLE   15,000 0 0
MEDTRONIC PLC COM G5960L103 41,522 533,907 SH   SOLE   533,907 0 0
CHUBB LIMITED COM H1467J104 25,139 176,350 SH   SOLE   176,350 0 0
GARMIN LTD SHS H2906T109 5,937 110,000 SH   SOLE   110,000 0 0
TE CONNECTIVITY LTD REG SHS H84989104 2,259 27,200 SH   SOLE   27,200 0 0
INTERXION HOLDING N.V SHS N47279109 8,658 170,000 SH   SOLE   170,000 0 0
ABBVIE INC COM 00287Y109 213 2,400 SH   SOLE   2,400 0 0
ALLEGHANY CORP DEL COM 017175100 6,031 10,886 SH   SOLE   10,886 0 0
AMERCO COM 023586100 6,373 17,000 SH   SOLE   17,000 0 0
AMERICAN ARILS GROUP INC COM 02376R103 3,210 67,600 SH   SOLE   67,600 0 0
AMETEK INC NEW COM 031100100 17,501 265,000 SH   SOLE   265,000 0 0
AMGEN INC COM 031162100 49,269 264,250 SH   SOLE   264,250 0 0
ANSYS INC COM 03662Q105 11,567 94,250 SH   SOLE   94,250 0 0
APACHE CORP COM 037411105 293 6,400 SH   SOLE   6,400 0 0
APPLE INC COM 037833100 513 3,330 SH   SOLE   3,330 0 0
ARROW ELECTRS INC COM 042735100 9,006 112,000 SH   SOLE   112,000 0 0
AUTONATION INC COM 05329W102 9,582 201,900 SH   SOLE   201,900 0 0
AVNET INC COM 053807103 3,144 80,000 SH   SOLE   80,000 0 0
BB&T CORP COM 054937107 20,020 426,500 SH   SOLE   426,500 0 0
BANK NEW YORK MELLON CORP COM 064058100 24,612 464,200 SH   SOLE   464,200 0 0
BARRICK GOLD CORP COM 067901108 322 20,000 SH   SOLE   20,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 824 3 SH   SOLE   3 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,783 9,725 SH   SOLE   9,725 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 17,449 215,900 SH   SOLE   215,900 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 867 21,000 SH   SOLE   21,000 0 0
BROWN FORMAN CORP CL B 115637209 29,702 547,000 SH   SOLE   547,000 0 0
CANADIAN NATL RY CO COM 136375102 1,491 18,000 SH   SOLE   18,000 0 0
CERNER CORP COM 156782104 13,052 183,000 SH   SOLE   183,000 0 0
CISCO SYS INC COM 17275R102 30,469 906,000 SH   SOLE   906,000 0 0
CITIGROUP INC COM NEW 172967424 2,306 31,700 SH   SOLE   31,700 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 44,340 611,250 SH   SOLE   611,250 0 0
COLFAX CORP COM 194014106 14,449 347,000 SH   SOLE   347,000 0 0
COPART INC COM 217204106 14,607 425,000 SH   SOLE   425,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 547 14,900 SH   SOLE   14,900 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 35,728 270,400 SH   SOLE   270,400 0 0
DISCOVER FINL SVCS COM 254709108 21,220 329,100 SH   SOLE   329,100 0 0
DONALDSON INC COM 257651109 25,336 551,500 SH   SOLE   551,500 0 0
DOVER CORP COM 260003108 13,754 150,500 SH   SOLE   150,500 0 0
ECOLAB INC COM 278865100 5,884 45,750 SH   SOLE   45,750 0 0
EMERSON ELEC CO COM 291011104 1,210 19,250 SH   SOLE   19,250 0 0
EQUINIX INC COM NEW 29444U700 7,856 17,603 SH   SOLE   17,603 0 0
EXPEDITORS INTL WASH INC COM 302130109 7,782 130,000 SH   SOLE   130,000 0 0
EXXON MOBIL CORP COM 30231G102 24,773 302,188 SH   SOLE   302,188 0 0
FASTENAL CO COM 311900104 3,191 70,000 SH   SOLE   70,000 0 0
FEDERATED INVS INC PA CL B 314211103 3,023 101,800 SH   SOLE   101,800 0 0
FIFTH THIRD BANCORP COM 316773100 26,595 950,500 SH   SOLE   950,500 0 0
FORTIVE CORP COM 34959J108 6,725 95,000 SH   SOLE   95,000 0 0
GENERAL ELECTRIC CO COM 369604103 346 14,300 SH   SOLE   14,300 0 0
GILDAN ACTIVEWEAR INC COM 375916103 1,564 50,000 SH   SOLE   50,000 0 0
GOLDCORP INC NEW COM 380956409 868 67,000 SH   SOLE   67,000 0 0
GRACO INC COM 384109104 37,002 299,150 SH   SOLE   299,150 0 0
GRAHAM HLDGS CO COM 384637104 3,218 5,500 SH   SOLE   5,500 0 0
HALLIBURTON CO COM 406216101 748 16,250 SH   SOLE   16,250 0 0
HEICO CORP NEW CL A 422806208 9,525 125,000 SH   SOLE   125,000 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,500 102,000 SH   SOLE   102,000 0 0
HEXCEL CORP NEW COM 428291108 35,721 622,100 SH   SOLE   622,100 0 0
ILLINOIS TOOL WKS INC COM 452308109 18,673 126,200 SH   SOLE   126,200 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 6,306 140,000 SH   SOLE   140,000 0 0
ISHARES GOLD TRUST I SHARES 464285105 304 24,700 SH   SOLE   24,700 0 0
JOHNSON & JOHNSON COM 478160104 702 5,400 SH   SOLE   5,400 0 0
JOHNSON CTLS INC COM 478366107 27,782 689,554 SH   SOLE   689,554 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 1,651 40,064 SH   SOLE   40,064 0 0
KRAFT HEINZ CO COM 500754106 8,531 110,000 SH   SOLE   110,000 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 19,475 129,000 SH   SOLE   129,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 1,066 20,000 SH   SOLE   20,000 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 11,347 481,400 SH   SOLE   481,400 0 0
LOWES COS INC COM 548661107 46,389 580,300 SH   SOLE   580,300 0 0
MSC INDL DIRECT INC CL A 553530106 23,548 311,600 SH   SOLE   311,600 0 0
MASTERCARD INC CL A 57636Q104 18,653 132,100 SH   SOLE   132,100 0 0
MICROSOFT CORP COM 594918104 957 12,850 SH   SOLE   12,850 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 13,467 150,000 SH   SOLE   150,000 0 0
MOODYS CORP COM 615369105 60,779 436,600 SH   SOLE   436,600 0 0
NOBLE ENERGY INC COM 655044105 7,666 270,300 SH   SOLE   270,300 0 0
NORFOLK SOUTHERN CORP COM 655844108 10,407 78,700 SH   SOLE   78,700 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 7,753 36,000 SH   SOLE   36,000 0 0
OMNICOM GROUP INC COM 681919106 33,813 456,500 SH   SOLE   456,500 0 0
PNC FINL SVCS GROUP INC COM 693475105 20,094 149,100 SH   SOLE   149,100 0 0
PAN AMERICAN SILVER CORP COM 697900108 597 35,000 SH   SOLE   35,000 0 0
PAYCHEX INC COM 704326107 252 4,200 SH   SOLE   4,200 0 0
PIONEER NAT RES CO COM 723787107 6,890 46,700 SH   SOLE   46,700 0 0
POLARIS INDS INC COM 731068102 11,509 110,000 SH   SOLE   110,000 0 0
PRAXAIR INC COM 74005P104 42,062 301,000 SH   SOLE   301,000 0 0
PRICELINE GRP INC COM NEW 741503403 11,534 6,300 SH   SOLE   6,300 0 0
PULTE GROUP INC COM 745867101 251 9,200 SH   SOLE   9,200 0 0
QUALCOMM INC COM 747525103 713 13,750 SH   SOLE   13,750 0 0
RPM INTL INC COM 749685103 23,308 454,000 SH   SOLE   454,000 0 0
ROCKWELL AUTOMATION INC COM 773903109 12,475 70,000 SH   SOLE   70,000 0 0
ROLLINS INC COM 775711104 2,307 50,000 SH   SOLE   50,000 0 0
ROPER TECHNOLOGIES INC COM 776696106 7,302 30,000 SH   SOLE   30,000 0 0
ROSS STORES INC COM 778296103 7,887 122,150 SH   SOLE   122,150 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 4,547 72,700 SH   SOLE   72,700 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,127 25,720 SH   SOLE   25,720 0 0
SCHLUMBERGER LTD COM 806857108 30,455 436,575 SH   SOLE   436,575 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 6,871 80,000 SH   SOLE   80,000 0 0
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 5,421 116,000 SH   SOLE   116,000 0 0
SHIRE PLC SPONSORED ADR 82481R106 2,381 15,550 SH   SOLE   15,550 0 0
STRYKER CORP COM 863667101 383 2,700 SH   SOLE   2,700 0 0
TJX COS INC NEW COM 872540109 32,493 440,700 SH   SOLE   440,700 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,596 42,500 SH   SOLE   42,500 0 0
TEXAS INSTRS INC COM 882508104 7,727 86,200 SH   SOLE   86,200 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 11,780 29,150 SH   SOLE   29,150 0 0
3M CO COM 88579Y101 32,199 153,400 SH   SOLE   153,400 0 0
TRACTOR SUPPLY CO COM 892356106 41,455 655,000 SH   SOLE   655,000 0 0
US BANCORP DEL COM NEW 902973304 21,656 404,100 SH   SOLE   404,100 0 0
UNICO AMERN CORP COM 904607108 3,970 397,000 SH   SOLE   397,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 48,841 406,700 SH   SOLE   406,700 0 0
V F CORP COM 918204108 56,002 880,950 SH   SOLE   880,950 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 329 14,350 SH   SOLE   14,350 0 0
VARIAN MED SYS INC COM 92220P105 7,104 71,000 SH   SOLE   71,000 0 0
VISA INC COM CL A 92826C839 13,786 131,000 SH   SOLE   131,000 0 0
WPP PLC NEW ADR 92937A102 1,485 16,000 SH   SOLE   16,000 0 0
WATERS CORP COM 941848103 3,698 20,600 SH   SOLE   20,600 0 0
WILLIAMS SONOMA INC COM 969904101 10,471 210,000 SH   SOLE   210,000 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 51,034 435,850 SH   SOLE   435,850 0 0