Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	9,284,614	$2.162B	10.3%	$232.90 *	$117.79	+118.1%	COM	594918104
PM	PHILIP MORRIS INTERNATIONAL	16,489,067	$1.369B	6.5%	$83.01 *	$58.91	+37.4%	COM	718172109
EL	ESTEE LAUDER COMPANIES CL A	5,955,974	$1.286B	6.1%	$215.90 *	$116.85	+105.9%	CL A	518439104
ADP	AUTOMATIC DATA PROCESSING	5,571,678	$1.26B	6.0%	$226.19 *	$91.18	+140.3%	COM	053015103
IDXX	IDEXX LABORATORIES INC	3,620,777	$1.18B	5.6%	$325.80 *	$140.18	+162.1%	COM	45168D104
PEP	PEPSICO INC	7,144,313	$1.166B	5.5%	$163.26 *	$85.96	+79.6%	COM	713448108
SYK	STRYKER CORP	5,628,569	$1.14B	5.4%	$202.54	$117.22	+73.2%	COM	863667101
MKC	MCCORMICK & CO NON VTG SHRS	15,506,721	$1.105B	5.2%	$71.27 *	$75.63	+2.4%	COM NON VTG	579780206
V	VISA INC CLASS A SHARES	5,635,390	$1.001B	4.8%	$177.65 *	$90.88	+118.3%	COM CL A	92826C839
WAT	WATERS CORP	3,693,197	$995M	4.7%	$269.53 *	$164.82	+93.7%	COM	941848103
BF/B	BROWN FORMAN CORP CLASS B	12,226,340	$814M	3.9%	$66.57 *	$57.74	+17.8%	CL B	115637209
AMZN	AMAZON COM ORD	6,784,322	$767M	3.6%	$113.00 *	$127.49	-0.9%	COM	023135106
META	META PLATFORMS INC-CLASS A	5,480,284	$744M	3.5%	$135.68 *	$185.23	-13.1%	CL A	30303M102
GOOGL	ALPHABET CL A ORD	7,632,828	$730M	3.5%	$95.65 *	$111.70	-1.5%	CAP STK CL A	02079K305
INTU	INTUIT INC	1,696,667	$657M	3.1%	$387.32 *	$154.76	+173.1%	COM	461202103
MTD	METTLER TOLEDO ORD	561,456	$609M	2.9%	$1084.12 *	$1393.26	-10.8%	COM	592688105
CHD	CHURCH AND DWIGHT ORD	8,458,025	$604M	2.9%	$71.44 *	$82.47	+0.4%	COM	171340102
ADBE	ADOBE ORD	2,111,297	$581M	2.8%	$275.20 *	$474.58	-20.3%	COM	00724F101
NKE	NIKE INC CL B	6,734,408	$560M	2.7%	$83.12 *	$91.18	+11.4%	CL B	654106103
PYPL	PAYPAL HOLDINGS INC	5,611,242	$483M	2.3%	$86.07 *	$80.54	+9.8%	COM	70450Y103
OTIS	OTIS WORLDWIDE ORD	6,285,878	$401M	1.9%	$63.80 *	$69.26	0.0%	COM	68902V107
VRSN	VERISIGN INC	675,533	$117M	0.6%	$173.70 *	$181.85	+0.8%	COM	92343E102
SABR	SABRE CORP	22,732,769	$117M	0.6%	$5.15 *	$13.59	-50.9%	COM	78573M104
FTNT	FORTINET ORD	2,315,857	$114M	0.5%	$49.13 *	$52.55	+3.1%	COM	34959E109
MASI	MASIMO CORP	765,161	$108M	0.5%	$141.16 *	$148.19	-1.4%	COM	574795100
QLYS	QUALYS INC	661,420	$92.19M	0.4%	$139.39	$105.36	+33.8%	COM	74758T303
VRSK	VERISK ANALYTICS INC	530,677	$90.5M	0.4%	$170.53 *	$131.63	+38.9%	COM	92345Y106
MSCI	MSCI INC	211,551	$89.23M	0.4%	$421.79 *	$158.16	+178.5%	COM	55354G100
CGNX	COGNEX CORP	2,062,083	$85.47M	0.4%	$41.45 *	$48.01	-8.0%	COM	192422103
EFX	EQUIFAX INC	495,850	$85M	0.4%	$171.43 *	$112.91	+69.3%	COM	294429105
IPGP	IPG PHOTONICS CORP	855,203	$72.14M	0.3%	$84.35 *	$149.55	-36.5%	COM	44980X109
AAPL	AAPL US	456,485	$63.09M	0.3%	$138.20 *	$154.28	0.0%	COM	037833100
—	ANSYS INC	274,559	$60.87M	0.3%	$221.70	$210.15	—	COM	03662Q105
ROL	ROLLINS ORD	1,728,084	$59.93M	0.3%	$34.68	$33.49	+3.1%	COM	775711104
PAYC	PAYCOM SOFTWARE INC	161,308	$53.23M	0.3%	$329.99 *	$182.12	+85.3%	COM	70432V102
JNJ	JOHNSON & JOHNSON	274,847	$44.9M	0.2%	$163.36 *	$104.20	+46.7%	COM	478160104
HD	HOME DEPOT ORD	152,255	$42.01M	0.2%	$275.94	$296.00	-8.6%	COM	437076102
PG	PROCTER & GAMBLE ORD	314,211	$39.67M	0.2%	$126.25 *	$122.57	+6.5%	COM	742718109
ZTS	ZOETIS CL A ORD	223,185	$33.1M	0.2%	$148.29 *	$162.21	-0.5%	CL A	98978V103
MELI	MERCADOLIBRE	24,225	$20.05M	0.1%	$827.78 *	$433.52	+98.3%	COM	58733R102
IEX	IDEX ORD	95,928	$19.17M	0.1%	$199.85 *	$193.66	0.0%	COM	45167R104
—	WNS HOLDINGS - ADR	193,179	$15.81M	0.1%	$81.84	$80.75	—	SPONSORED ADS	92932M101
G	Genpact Ltd	317,337	$13.89M	0.1%	$43.77	$46.94	-6.6%	SHS	G3922B107
TSM	Taiwan Semiconductor Manufacturing US ADR	155,558	$10.66M	0.1%	$68.56	$108.32	—	SPONSORED ADS	874039100
XP	XP CLASS A	253,367	$4.817M	0.0%	$19.01 *	$33.80	-41.3%	CL A	G98239109
EW	EDWARDS LIFESCIENCES ORD	9,979	$825K	0.0%	$82.67 *	$96.22	0.0%	COM	28176E108