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   8,960,612 66,701 SH   SOLE   66,701 0 0
Alexandria Real Estate Equities Common 015271109   6,669,493 68,370 SH   SOLE   68,370 0 0
Amentum Holdings Inc Common 023939101   1,626,082 77,322 SH   SOLE   77,322 0 0
Bank of N.T. Butterfield & Sons Common G0772R208   3,777,223 103,344 SH   SOLE   103,344 0 0
Becton Dickinson Common 075887109   6,934,735 30,567 SH   SOLE   30,567 0 0
Bio-Techne Corp Common 09073M104   5,370,773 74,563 SH   SOLE   74,563 0 0
Brown-Forman Corp-Class B Common 115637209   6,921,171 182,232 SH   SOLE   182,232 0 0
CBRE Group Common 12504L109   15,102,157 115,029 SH   SOLE   115,029 0 0
CoStar Group Inc. Common 22160N109   4,947,227 69,105 SH   SOLE   69,105 0 0
Emcor Group Common 29084Q100   12,505,853 27,552 SH   SOLE   27,552 0 0
Euronet Worldwide Common 298736109   10,826,790 105,278 SH   SOLE   105,278 0 0
Fidelity National Financial Common 31620R303   7,636,724 136,030 SH   SOLE   136,030 0 0
Fortrea Holdings Inc. Common 34965K107   722,128 38,720 SH   SOLE   38,720 0 0
Genpact Ltd. Common G3922B107   10,246,882 238,577 SH   SOLE   238,577 0 0
IDEX Corporation Common 45167R104   1,159,467 5,540 SH   SOLE   5,540 0 0
Intercontinental Exchange, Inc. Common 45866F104   10,599,677 71,134 SH   SOLE   71,134 0 0
Jacobs Solutions Inc. Common 46982L108   10,331,766 77,322 SH   SOLE   77,322 0 0
Keysight Technologies, Inc. Common 49338L103   9,726,307 60,551 SH   SOLE   60,551 0 0
Laboratory Corp. of America Holdings Common 504922105   8,879,270 38,720 SH   SOLE   38,720 0 0
Liberty Media Corp - Formula One Common 531229755   6,226,474 67,197 SH   SOLE   67,197 0 0
Mid-America Apartment Communities Common 59522J103   8,443,850 54,628 SH   SOLE   54,628 0 0
Occidental Petroleum Common 674599105   5,737,193 116,114 SH   SOLE   116,114 0 0
Roper Industries Common 776696106   6,002,188 11,546 SH   SOLE   11,546 0 0
Ross Stores Common 778296103   11,202,905 74,059 SH   SOLE   74,059 0 0
SBA Communications Corp Common 78410G104   4,204,802 20,632 SH   SOLE   20,632 0 0
SEI Investments Common 784117103   10,467,537 126,910 SH   SOLE   126,910 0 0
Virtu Financial Common 928254101   12,344,816 345,987 SH   SOLE   345,987 0 0
Wabtec Common 929740108   12,669,162 66,824 SH   SOLE   66,824 0 0
Warner Music Group Corp. Common 934550203   7,908,131 255,101 SH   SOLE   255,101 0 0