Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BKNG	BOOKING HOLDINGS INC	1,473,080 (+1879.1%)	$263M (-16.2%)	4.3%	$263.37	—	COM	09857L108
FIS	FIDELITY NATL INFORMATION SV	6,284,287 (+12.3%)	$244M (-6.9%)	4.0%	$52.33	—	COM	31620M106
COO	COOPER COS INC	3,940,007 (+3.1%)	$283M (+3.4%)	4.6%	$81.83	—	COM	216648501

Exited Positions (3)

NKE NIKE INC 4.3%

Value $268M Shares 5,067,578 Est. Cost $89.94 Unrealized —

FISV FISERV INC 2.6%

Value $162M Shares 2,902,523 Est. Cost $105.59 Unrealized —

MRSH MARSH & MCLENNAN COS INC 2.3%

Value $141M Shares 810,308 Est. Cost $136.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NKE	NIKE INC	5,067,578	$268M	4.3%	$89.94	—	—	654106103
FISV	FISERV INC	2,902,523	$162M	2.6%	$105.59	—	—	337738108
MRSH	MARSH & MCLENNAN COS INC	810,308	$141M	2.3%	$136.49	—	—	571748102

Decreased Positions (19)

CRM SALESFORCE INC 3.0%

Value $187M (-33.9%) Shares 1,192,726 (-21.2%) Est. Cost $306.86 Unrealized —

CME CME GROUP INC 3.6%

Value $221M (-26.4%) Shares 1,001,686 (-1.5%) Est. Cost $270.74 Unrealized —

MSFT MICROSOFT CORP 3.9%

Value $241M (-20.6%) Shares 645,228 (-21.2%) Est. Cost $261.79 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 4.3%

Value $266M (-18.5%) Shares 529,776 (-20.1%) Est. Cost $480.14 Unrealized —

AON AON PLC 4.1%

Value $255M (-19.1%) Shares 768,975 (-21.2%) Est. Cost $185.67 Unrealized —

MSCI MSCI INC 4.2%

Value $260M (-18.0%) Shares 463,710 (-21.0%) Est. Cost $562.15 Unrealized —

MCO MOODYS CORP 4.1%

Value $253M (-18.2%) Shares 558,785 (-21.3%) Est. Cost $292.84 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 5.5%

Value $337M (+17.4%) Shares 706,120 (-16.9%) Est. Cost $337.95 Unrealized —

BDX BECTON DICKINSON & CO 4.2%

Value $256M (-16.1%) Shares 1,690,093 (-12.8%) Est. Cost $218.55 Unrealized —

UNH UNITEDHEALTH GROUP INC 5.7%

Value $350M (+15.4%) Shares 842,497 (-24.9%) Est. Cost $233.00 Unrealized —

WST WEST PHARMACEUTICAL SVSC INC 6.0%

Value $371M (+12.6%) Shares 1,033,826 (-21.4%) Est. Cost $262.22 Unrealized —

AXP AMERICAN EXPRESS CO 4.7%

Value $287M (-11.7%) Shares 849,396 (-21.0%) Est. Cost $108.55 Unrealized —

SPGI S&P GLOBAL INC 1.8%

Value $109M (-24.4%) Shares 267,319 (-21.0%) Est. Cost $347.56 Unrealized —

IQV IQVIA HLDGS INC 4.7%

Value $290M (-10.4%) Shares 1,500,760 (-20.9%) Est. Cost $151.11 Unrealized —

V VISA INC 4.6%

Value $281M (-10.5%) Shares 817,595 (-21.1%) Est. Cost $217.97 Unrealized —

TXN TEXAS INSTRS INC 5.2%

Value $322M (+9.3%) Shares 1,081,243 (-28.8%) Est. Cost $206.27 Unrealized —

SYY SYSCO CORP 4.2%

Value $258M (-7.6%) Shares 3,085,419 (-21.2%) Est. Cost $59.26 Unrealized —

CDW CDW CORP 4.3%

Value $263M (-5.7%) Shares 1,867,736 (-18.9%) Est. Cost $174.66 Unrealized —

GOOGL ALPHABET INC 4.8%

Value $296M (-1.9%) Shares 827,249 (-21.1%) Est. Cost $104.89 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	1,192,726 (-21.2%)	$187M (-33.9%)	3.0%	$306.86	—	COM	79466L302
CME	CME GROUP INC	1,001,686 (-1.5%)	$221M (-26.4%)	3.6%	$270.74	—	COM	12572Q105
MSFT	MICROSOFT CORP	645,228 (-21.2%)	$241M (-20.6%)	3.9%	$261.79	—	COM	594918104
TMO	THERMO FISHER SCIENTIFIC INC	529,776 (-20.1%)	$266M (-18.5%)	4.3%	$480.14	—	COM	883556102
AON	AON PLC	768,975 (-21.2%)	$255M (-19.1%)	4.1%	$185.67	—	SHS CL A	G0403H108
MSCI	MSCI INC	463,710 (-21.0%)	$260M (-18.0%)	4.2%	$562.15	—	COM	55354G100
MCO	MOODYS CORP	558,785 (-21.3%)	$253M (-18.2%)	4.1%	$292.84	—	COM	615369105
TSM	TAIWAN SEMICONDUCTOR MANUFAC	706,120 (-16.9%)	$337M (+17.4%)	5.5%	$337.95	—	SPONSORED ADS	874039100
BDX	BECTON DICKINSON & CO	1,690,093 (-12.8%)	$256M (-16.1%)	4.2%	$218.55	—	COM	075887109
UNH	UNITEDHEALTH GROUP INC	842,497 (-24.9%)	$350M (+15.4%)	5.7%	$233.00	—	COM	91324P102
WST	WEST PHARMACEUTICAL SVSC INC	1,033,826 (-21.4%)	$371M (+12.6%)	6.0%	$262.22	—	COM	955306105
AXP	AMERICAN EXPRESS CO	849,396 (-21.0%)	$287M (-11.7%)	4.7%	$108.55	—	COM	025816109
SPGI	S&P GLOBAL INC	267,319 (-21.0%)	$109M (-24.4%)	1.8%	$347.56	—	COM	78409V104
IQV	IQVIA HLDGS INC	1,500,760 (-20.9%)	$290M (-10.4%)	4.7%	$151.11	—	COM	46266C105
V	VISA INC	817,595 (-21.1%)	$281M (-10.5%)	4.6%	$217.97	—	COM CL A	92826C839
TXN	TEXAS INSTRS INC	1,081,243 (-28.8%)	$322M (+9.3%)	5.2%	$206.27	—	COM	882508104
SYY	SYSCO CORP	3,085,419 (-21.2%)	$258M (-7.6%)	4.2%	$59.26	—	COM	871829107
CDW	CDW CORP	1,867,736 (-18.9%)	$263M (-5.7%)	4.3%	$174.66	—	COM	12514G108
GOOGL	ALPHABET INC	827,249 (-21.1%)	$296M (-1.9%)	4.8%	$104.89	—	CAP STK CL A	02079K305