Historical Stock Holdings

William Von Mueffling - Cantillon Capital Management

PeriodPortfolio ValueTop 20 holdings history (left to right)
2023   Q4$15 B AVGO
Broadcom Inc.
6.91% of portfolio
 		SPGI
S&P Global Inc.
6.22% of portfolio
 		ADI
Analog Devices
4.26% of portfolio
 		GOOGL
Alphabet Inc.
3.98% of portfolio
 		V
Visa Inc.
3.96% of portfolio
 		AMAT
Applied Materials
3.76% of portfolio
 		MSFT
Microsoft Corp.
3.71% of portfolio
 		A
Agilent Technologies
3.38% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.35% of portfolio
 		EFX
Equifax Inc.
3.33% of portfolio
 		CBRE
CBRE Group
3.24% of portfolio
 		TMO
Thermo Fisher Scientific
3.13% of portfolio
 		AMT
American Tower Corp.
3.08% of portfolio
 		IQV
IQVIA Holdings Inc.
2.79% of portfolio
 		ADSK
Autodesk Inc.
2.77% of portfolio
 		TNET
TriNet Group
2.66% of portfolio
 		BLK
BlackRock Inc.
2.65% of portfolio
 		CME
CME Group
2.59% of portfolio
 		FERG
Ferguson plc
2.42% of portfolio
 		VRSN
Verisign Inc.
2.41% of portfolio
2023   Q3$13.5 B SPGI
S&P Global Inc.
5.87% of portfolio
 		AVGO
Broadcom Inc.
5.85% of portfolio
 		ADI
Analog Devices
4.27% of portfolio
 		GOOGL
Alphabet Inc.
4.24% of portfolio
 		V
Visa Inc.
3.98% of portfolio
 		AMAT
Applied Materials
3.66% of portfolio
 		MSFT
Microsoft Corp.
3.54% of portfolio
 		TMO
Thermo Fisher Scientific
3.39% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.26% of portfolio
 		A
Agilent Technologies
3.09% of portfolio
 		AON
Aon Plc
3.01% of portfolio
 		TNET
TriNet Group
2.96% of portfolio
 		WTW
Willis Towers Watson plc
2.91% of portfolio
 		EFX
Equifax Inc.
2.80% of portfolio
 		CME
CME Group
2.80% of portfolio
 		IQV
IQVIA Holdings Inc.
2.70% of portfolio
 		VRSN
Verisign Inc.
2.69% of portfolio
 		BDX
Becton Dickinson
2.57% of portfolio
 		BC
Brunswick Corp.
2.57% of portfolio
 		CBRE
CBRE Group
2.53% of portfolio
2023   Q2$14.3 B AVGO
Broadcom Inc.
6.35% of portfolio
 		SPGI
S&P Global Inc.
6.09% of portfolio
 		ADI
Analog Devices
4.49% of portfolio
 		V
Visa Inc.
3.89% of portfolio
 		GOOGL
Alphabet Inc.
3.67% of portfolio
 		AMAT
Applied Materials
3.61% of portfolio
 		MSFT
Microsoft Corp.
3.61% of portfolio
 		EFX
Equifax Inc.
3.41% of portfolio
 		TMO
Thermo Fisher Scientific
3.31% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.17% of portfolio
 		A
Agilent Technologies
3.15% of portfolio
 		WTW
Willis Towers Watson plc
3.10% of portfolio
 		AON
Aon Plc
3.03% of portfolio
 		IQV
IQVIA Holdings Inc.
2.91% of portfolio
 		VRSN
Verisign Inc.
2.84% of portfolio
 		BC
Brunswick Corp.
2.67% of portfolio
 		CBRE
CBRE Group
2.61% of portfolio
 		AMT
American Tower Corp.
2.54% of portfolio
 		CME
CME Group
2.45% of portfolio
 		BDX
Becton Dickinson
2.41% of portfolio
2023   Q1$12.3 B SPGI
S&P Global Inc.
5.74% of portfolio
 		AVGO
Broadcom Inc.
5.15% of portfolio
 		ADI
Analog Devices
4.98% of portfolio
 		V
Visa Inc.
4.05% of portfolio
 		TMO
Thermo Fisher Scientific
3.85% of portfolio
 		A
Agilent Technologies
3.72% of portfolio
 		GOOGL
Alphabet Inc.
3.48% of portfolio
 		AMAT
Applied Materials
3.36% of portfolio
 		MSFT
Microsoft Corp.
3.35% of portfolio
 		WTW
Willis Towers Watson plc
3.35% of portfolio
 		EFX
Equifax Inc.
3.22% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.20% of portfolio
 		AON
Aon Plc
3.03% of portfolio
 		AMT
American Tower Corp.
2.93% of portfolio
 		VRSN
Verisign Inc.
2.91% of portfolio
 		BC
Brunswick Corp.
2.77% of portfolio
 		CME
CME Group
2.77% of portfolio
 		IQV
IQVIA Holdings Inc.
2.63% of portfolio
 		CBRE
CBRE Group
2.58% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.42% of portfolio
2022   Q4$11.8 B SPGI
S&P Global Inc.
5.89% of portfolio
 		AVGO
Broadcom Inc.
4.74% of portfolio
 		ADI
Analog Devices
4.39% of portfolio
 		GOOGL
Alphabet Inc.
4.32% of portfolio
 		A
Agilent Technologies
4.26% of portfolio
 		V
Visa Inc.
3.95% of portfolio
 		TMO
Thermo Fisher Scientific
3.89% of portfolio
 		WTW
Willis Towers Watson plc
3.73% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.33% of portfolio
 		EFX
Equifax Inc.
3.26% of portfolio
 		AMT
American Tower Corp.
3.22% of portfolio
 		AON
Aon Plc
3.05% of portfolio
 		VRSN
Verisign Inc.
3.00% of portfolio
 		CBRE
CBRE Group
2.89% of portfolio
 		AMAT
Applied Materials
2.82% of portfolio
 		IQV
IQVIA Holdings Inc.
2.65% of portfolio
 		BLK
BlackRock Inc.
2.63% of portfolio
 		BC
Brunswick Corp.
2.57% of portfolio
 		MSFT
Microsoft Corp.
2.41% of portfolio
 		FIS
Fidelity National Information Services
2.37% of portfolio
2022   Q3$11 B SPGI
S&P Global Inc.
5.85% of portfolio
 		GOOGL
Alphabet Inc.
5.10% of portfolio
 		AVGO
Broadcom Inc.
4.11% of portfolio
 		ADI
Analog Devices
4.06% of portfolio
 		TMO
Thermo Fisher Scientific
3.91% of portfolio
 		A
Agilent Technologies
3.77% of portfolio
 		V
Visa Inc.
3.67% of portfolio
 		AMT
American Tower Corp.
3.56% of portfolio
 		WTW
Willis Towers Watson plc
3.34% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.20% of portfolio
 		EFX
Equifax Inc.
3.13% of portfolio
 		AON
Aon Plc
2.96% of portfolio
 		FIS
Fidelity National Information Services
2.87% of portfolio
 		VRSN
Verisign Inc.
2.76% of portfolio
 		CBRE
CBRE Group
2.75% of portfolio
 		CME
CME Group
2.59% of portfolio
 		AMAT
Applied Materials
2.58% of portfolio
 		IQV
IQVIA Holdings Inc.
2.56% of portfolio
 		BC
Brunswick Corp.
2.55% of portfolio
 		MSFT
Microsoft Corp.
2.55% of portfolio
2022   Q2$12 B SPGI
S&P Global Inc.
6.01% of portfolio
 		GOOGL
Alphabet Inc.
5.41% of portfolio
 		AVGO
Broadcom Inc.
4.18% of portfolio
 		ADI
Analog Devices
3.96% of portfolio
 		AMT
American Tower Corp.
3.93% of portfolio
 		TMO
Thermo Fisher Scientific
3.89% of portfolio
 		V
Visa Inc.
3.78% of portfolio
 		A
Agilent Technologies
3.43% of portfolio
 		FIS
Fidelity National Information Services
3.24% of portfolio
 		EFX
Equifax Inc.
3.10% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.09% of portfolio
 		WTW
Willis Towers Watson plc
3.05% of portfolio
 		IQV
IQVIA Holdings Inc.
2.85% of portfolio
 		CBRE
CBRE Group
2.79% of portfolio
 		AON
Aon Plc
2.78% of portfolio
 		CME
CME Group
2.78% of portfolio
 		ZTS
Zoetis Inc.
2.68% of portfolio
 		AMAT
Applied Materials
2.66% of portfolio
 		VRSN
Verisign Inc.
2.46% of portfolio
 		BC
Brunswick Corp.
2.37% of portfolio
2022   Q1$14 B SPGI
S&P Global Inc.
6.28% of portfolio
 		GOOGL
Alphabet Inc.
5.93% of portfolio
 		AVGO
Broadcom Inc.
4.66% of portfolio
 		ADI
Analog Devices
3.85% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.74% of portfolio
 		V
Visa Inc.
3.66% of portfolio
 		TMO
Thermo Fisher Scientific
3.64% of portfolio
 		EFX
Equifax Inc.
3.45% of portfolio
 		AMT
American Tower Corp.
3.32% of portfolio
 		AMAT
Applied Materials
3.30% of portfolio
 		A
Agilent Technologies
3.28% of portfolio
 		WTW
Willis Towers Watson plc
3.14% of portfolio
 		FIS
Fidelity National Information Services
3.05% of portfolio
 		AON
Aon Plc
2.88% of portfolio
 		CBRE
CBRE Group
2.88% of portfolio
 		CME
CME Group
2.78% of portfolio
 		VRSN
Verisign Inc.
2.67% of portfolio
 		ZTS
Zoetis Inc.
2.53% of portfolio
 		TNET
TriNet Group
2.52% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.51% of portfolio
2021   Q4$15.1 B SPGI
S&P Global Inc.
6.50% of portfolio
 		GOOGL
Alphabet Inc.
5.56% of portfolio
 		AVGO
Broadcom Inc.
4.42% of portfolio
 		EFX
Equifax Inc.
3.83% of portfolio
 		TMO
Thermo Fisher Scientific
3.69% of portfolio
 		ADI
Analog Devices
3.68% of portfolio
 		A
Agilent Technologies
3.56% of portfolio
 		AMAT
Applied Materials
3.55% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.48% of portfolio
 		AMT
American Tower Corp.
3.48% of portfolio
 		V
Visa Inc.
3.22% of portfolio
 		CBRE
CBRE Group
3.07% of portfolio
 		FIS
Fidelity National Information Services
2.98% of portfolio
 		ZTS
Zoetis Inc.
2.94% of portfolio
 		WTW
Willis Towers Watson plc
2.84% of portfolio
 		VRSN
Verisign Inc.
2.74% of portfolio
 		ECL
Ecolab Inc.
2.71% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.60% of portfolio
 		BC
Brunswick Corp.
2.54% of portfolio
 		META
Meta Platforms Inc.
2.48% of portfolio
2021   Q3$14.7 B SPGI
S&P Global Inc.
6.74% of portfolio
 		GOOGL
Alphabet Inc.
5.69% of portfolio
 		A
Agilent Technologies
3.90% of portfolio
 		ADI
Analog Devices
3.89% of portfolio
 		EFX
Equifax Inc.
3.68% of portfolio
 		V
Visa Inc.
3.67% of portfolio
 		AVGO
Broadcom Inc.
3.58% of portfolio
 		TMO
Thermo Fisher Scientific
3.51% of portfolio
 		AMT
American Tower Corp.
3.50% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.24% of portfolio
 		AMAT
Applied Materials
3.22% of portfolio
 		FIS
Fidelity National Information Services
3.14% of portfolio
 		CBRE
CBRE Group
3.05% of portfolio
 		ZTS
Zoetis Inc.
2.92% of portfolio
 		META
Meta Platforms Inc.
2.77% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.68% of portfolio
 		ECL
Ecolab Inc.
2.68% of portfolio
 		BC
Brunswick Corp.
2.66% of portfolio
 		WTW
Willis Towers Watson plc
2.64% of portfolio
 		AON
Aon Plc
2.52% of portfolio
2021   Q2$14.8 B SPGI
S&P Global Inc.
6.54% of portfolio
 		GOOGL
Alphabet Inc.
5.22% of portfolio
 		ADI
Analog Devices
4.02% of portfolio
 		V
Visa Inc.
3.87% of portfolio
 		A
Agilent Technologies
3.67% of portfolio
 		FIS
Fidelity National Information Services
3.67% of portfolio
 		AMT
American Tower Corp.
3.58% of portfolio
 		AMAT
Applied Materials
3.58% of portfolio
 		AVGO
Broadcom Inc.
3.53% of portfolio
 		EFX
Equifax Inc.
3.49% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.36% of portfolio
 		TMO
Thermo Fisher Scientific
3.11% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.89% of portfolio
 		META
Meta Platforms Inc.
2.85% of portfolio
 		ZTS
Zoetis Inc.
2.82% of portfolio
 		VRSN
Verisign Inc.
2.74% of portfolio
 		CBRE
CBRE Group
2.70% of portfolio
 		ECL
Ecolab Inc.
2.66% of portfolio
 		WTW
Willis Towers Watson plc
2.63% of portfolio
 		BC
Brunswick Corp.
2.62% of portfolio
2021   Q1$13.7 B SPGI
S&P Global Inc.
6.16% of portfolio
 		GOOGL
Alphabet Inc.
4.83% of portfolio
 		FIS
Fidelity National Information Services
3.98% of portfolio
 		ADI
Analog Devices
3.95% of portfolio
 		V
Visa Inc.
3.83% of portfolio
 		AVGO
Broadcom Inc.
3.76% of portfolio
 		AMAT
Applied Materials
3.67% of portfolio
 		A
Agilent Technologies
3.46% of portfolio
 		AMT
American Tower Corp.
3.46% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.45% of portfolio
 		TSM
Taiwan Semiconductor S.A.
3.11% of portfolio
 		TMO
Thermo Fisher Scientific
3.09% of portfolio
 		ECL
Ecolab Inc.
3.02% of portfolio
 		WTW
Willis Towers Watson plc
2.99% of portfolio
 		EFX
Equifax Inc.
2.90% of portfolio
 		CBRE
CBRE Group
2.76% of portfolio
 		BC
Brunswick Corp.
2.74% of portfolio
 		ZTS
Zoetis Inc.
2.73% of portfolio
 		CTXS-OLD
Citrix Systems
2.68% of portfolio
 		VRSN
Verisign Inc.
2.62% of portfolio
2020   Q4$13.3 B SPGI
S&P Global Inc.
6.40% of portfolio
 		ADI
Analog Devices
5.44% of portfolio
 		GOOGL
Alphabet Inc.
4.39% of portfolio
 		FIS
Fidelity National Information Services
4.28% of portfolio
 		V
Visa Inc.
4.22% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.81% of portfolio
 		AVGO
Broadcom Inc.
3.79% of portfolio
 		WTW
Willis Towers Watson plc
3.69% of portfolio
 		A
Agilent Technologies
3.64% of portfolio
 		ZTS
Zoetis Inc.
3.61% of portfolio
 		ECL
Ecolab Inc.
3.55% of portfolio
 		AMT
American Tower Corp.
3.48% of portfolio
 		TMO
Thermo Fisher Scientific
3.37% of portfolio
 		EFX
Equifax Inc.
3.30% of portfolio
 		CBRE
CBRE Group
3.14% of portfolio
 		TSM
Taiwan Semiconductor S.A.
3.07% of portfolio
 		ADSK
Autodesk Inc.
2.93% of portfolio
 		AMAT
Applied Materials
2.52% of portfolio
 		CME
CME Group
2.48% of portfolio
 		TNET
TriNet Group
2.42% of portfolio
2020   Q3$12 B SPGI
S&P Global Inc.
7.86% of portfolio
 		FIS
Fidelity National Information Services
4.99% of portfolio
 		ADI
Analog Devices
4.82% of portfolio
 		V
Visa Inc.
4.32% of portfolio
 		AMT
American Tower Corp.
4.20% of portfolio
 		GOOGL
Alphabet Inc.
4.11% of portfolio
 		WTW
Willis Towers Watson plc
4.10% of portfolio
 		ZTS
Zoetis Inc.
4.04% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.70% of portfolio
 		ECL
Ecolab Inc.
3.68% of portfolio
 		TMO
Thermo Fisher Scientific
3.58% of portfolio
 		AVGO
Broadcom Inc.
3.54% of portfolio
 		A
Agilent Technologies
3.47% of portfolio
 		EFX
Equifax Inc.
3.00% of portfolio
 		CBRE
CBRE Group
2.65% of portfolio
 		CME
CME Group
2.57% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.56% of portfolio
 		VRSN
Verisign Inc.
2.54% of portfolio
 		ADSK
Autodesk Inc.
2.48% of portfolio
 		AON
Aon Plc
2.41% of portfolio
2020   Q2$11.5 B SPGI
S&P Global Inc.
7.55% of portfolio
 		ADI
Analog Devices
5.32% of portfolio
 		FIS
Fidelity National Information Services
4.77% of portfolio
 		AMT
American Tower Corp.
4.71% of portfolio
 		V
Visa Inc.
4.39% of portfolio
 		GOOGL
Alphabet Inc.
4.18% of portfolio
 		WTW
Willis Towers Watson plc
4.05% of portfolio
 		ECL
Ecolab Inc.
3.85% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.57% of portfolio
 		ZTS
Zoetis Inc.
3.52% of portfolio
 		EFX
Equifax Inc.
3.45% of portfolio
 		AVGO
Broadcom Inc.
3.22% of portfolio
 		A
Agilent Technologies
3.19% of portfolio
 		TMO
Thermo Fisher Scientific
3.09% of portfolio
 		ADSK
Autodesk Inc.
2.70% of portfolio
 		VRSN
Verisign Inc.
2.69% of portfolio
 		CBRE
CBRE Group
2.67% of portfolio
 		CME
CME Group
2.62% of portfolio
 		BDX
Becton Dickinson
2.52% of portfolio
 		AON
Aon Plc
2.36% of portfolio
2020   Q1$9.05 B SPGI
S&P Global Inc.
7.08% of portfolio
 		FIS
Fidelity National Information Services
5.45% of portfolio
 		AMT
American Tower Corp.
5.01% of portfolio
 		ADI
Analog Devices
4.90% of portfolio
 		V
Visa Inc.
4.61% of portfolio
 		WTW
Willis Towers Watson plc
4.41% of portfolio
 		GOOGL
Alphabet Inc.
4.32% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.96% of portfolio
 		ECL
Ecolab Inc.
3.80% of portfolio
 		ZTS
Zoetis Inc.
3.80% of portfolio
 		CME
CME Group
3.51% of portfolio
 		A
Agilent Technologies
3.26% of portfolio
 		BDX
Becton Dickinson
3.06% of portfolio
 		AVGO
Broadcom Inc.
3.05% of portfolio
 		TMO
Thermo Fisher Scientific
3.04% of portfolio
 		EFX
Equifax Inc.
3.03% of portfolio
 		VRSN
Verisign Inc.
2.95% of portfolio
 		CBRE
CBRE Group
2.81% of portfolio
 		AON
Aon Plc
2.55% of portfolio
 		ADSK
Autodesk Inc.
2.22% of portfolio
2019   Q4$10.8 B SPGI
S&P Global Inc.
6.65% of portfolio
 		ADI
Analog Devices
5.47% of portfolio
 		FIS
Fidelity National Information Services
5.26% of portfolio
 		V
Visa Inc.
4.53% of portfolio
 		AMT
American Tower Corp.
4.45% of portfolio
 		WTW
Willis Towers Watson plc
4.42% of portfolio
 		GOOGL
Alphabet Inc.
4.19% of portfolio
 		ZTS
Zoetis Inc.
4.11% of portfolio
 		ECL
Ecolab Inc.
3.97% of portfolio
 		CBRE
CBRE Group
3.85% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.82% of portfolio
 		CME
CME Group
3.43% of portfolio
 		AVGO
Broadcom Inc.
3.42% of portfolio
 		A
Agilent Technologies
3.27% of portfolio
 		BDX
Becton Dickinson
3.05% of portfolio
 		EFX
Equifax Inc.
2.99% of portfolio
 		TMO
Thermo Fisher Scientific
2.94% of portfolio
 		AON
Aon Plc
2.71% of portfolio
 		VRSN
Verisign Inc.
2.66% of portfolio
 		SSNC
SS&C Technologies Holdings Inc.
2.36% of portfolio
2019   Q3$10.3 B SPGI
S&P Global Inc.
6.69% of portfolio
 		ADI
Analog Devices
5.50% of portfolio
 		FIS
Fidelity National Information Services
5.36% of portfolio
 		AMT
American Tower Corp.
4.57% of portfolio
 		WTW
Willis Towers Watson plc
4.51% of portfolio
 		ZTS
Zoetis Inc.
4.46% of portfolio
 		V
Visa Inc.
4.43% of portfolio
 		ECL
Ecolab Inc.
4.35% of portfolio
 		GOOGL
Alphabet Inc.
4.08% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.08% of portfolio
 		CME
CME Group
3.86% of portfolio
 		CBRE
CBRE Group
3.56% of portfolio
 		EFX
Equifax Inc.
3.21% of portfolio
 		AVGO
Broadcom Inc.
3.19% of portfolio
 		A
Agilent Technologies
3.14% of portfolio
 		BDX
Becton Dickinson
3.03% of portfolio
 		TMO
Thermo Fisher Scientific
2.81% of portfolio
 		VRSN
Verisign Inc.
2.78% of portfolio
 		AON
Aon Plc
2.69% of portfolio
 		TNET
TriNet Group
2.50% of portfolio
2019   Q2$9.9 B SPGI
S&P Global Inc.
6.51% of portfolio
 		ADI
Analog Devices
5.81% of portfolio
 		FIS
Fidelity National Information Services
5.18% of portfolio
 		WTW
Willis Towers Watson plc
4.67% of portfolio
 		V
Visa Inc.
4.67% of portfolio
 		ECL
Ecolab Inc.
4.54% of portfolio
 		AMT
American Tower Corp.
4.42% of portfolio
 		ZTS
Zoetis Inc.
4.25% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.97% of portfolio
 		GOOGL
Alphabet Inc.
3.79% of portfolio
 		CME
CME Group
3.70% of portfolio
 		CBRE
CBRE Group
3.60% of portfolio
 		AVGO
Broadcom Inc.
3.48% of portfolio
 		EFX
Equifax Inc.
3.23% of portfolio
 		VRSN
Verisign Inc.
3.22% of portfolio
 		BDX
Becton Dickinson
3.15% of portfolio
 		A
Agilent Technologies
2.98% of portfolio
 		TMO
Thermo Fisher Scientific
2.97% of portfolio
 		TNET
TriNet Group
2.86% of portfolio
 		AON
Aon Plc
2.80% of portfolio
2019   Q1$9.41 B SPGI
S&P Global Inc.
6.46% of portfolio
 		ADI
Analog Devices
5.81% of portfolio
 		FIS
Fidelity National Information Services
5.12% of portfolio
 		WTW
Willis Towers Watson plc
4.61% of portfolio
 		AMT
American Tower Corp.
4.57% of portfolio
 		V
Visa Inc.
4.52% of portfolio
 		GOOGL
Alphabet Inc.
4.41% of portfolio
 		ECL
Ecolab Inc.
4.36% of portfolio
 		ZTS
Zoetis Inc.
4.05% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.78% of portfolio
 		CBRE
CBRE Group
3.72% of portfolio
 		CME
CME Group
3.37% of portfolio
 		AVGO
Broadcom Inc.
3.22% of portfolio
 		EFX
Equifax Inc.
3.04% of portfolio
 		A
Agilent Technologies
3.02% of portfolio
 		VRSN
Verisign Inc.
3.00% of portfolio
 		TMO
Thermo Fisher Scientific
2.97% of portfolio
 		BDX
Becton Dickinson
2.77% of portfolio
 		TNET
TriNet Group
2.69% of portfolio
 		AON
Aon Plc
2.67% of portfolio
2018   Q4$8.29 B SPGI
S&P Global Inc.
5.95% of portfolio
 		ADI
Analog Devices
5.41% of portfolio
 		FIS
Fidelity National Information Services
5.30% of portfolio
 		WTW
Willis Towers Watson plc
4.53% of portfolio
 		GOOGL
Alphabet Inc.
4.47% of portfolio
 		CME
CME Group
4.40% of portfolio
 		V
Visa Inc.
4.35% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.26% of portfolio
 		AMT
American Tower Corp.
4.18% of portfolio
 		ECL
Ecolab Inc.
4.15% of portfolio
 		ZTS
Zoetis Inc.
3.93% of portfolio
 		CBRE
CBRE Group
3.44% of portfolio
 		A
Agilent Technologies
2.90% of portfolio
 		BDX
Becton Dickinson
2.86% of portfolio
 		AVGO
Broadcom Inc.
2.81% of portfolio
 		VRSN
Verisign Inc.
2.80% of portfolio
 		TMO
Thermo Fisher Scientific
2.77% of portfolio
 		EFX
Equifax Inc.
2.72% of portfolio
 		GOOG
Alphabet Inc. CL C
2.58% of portfolio
 		ST
Sensata Technologies Holding
2.47% of portfolio
2018   Q3$8.89 B SPGI
S&P Global Inc.
6.33% of portfolio
 		ADI
Analog Devices
5.39% of portfolio
 		FIS
Fidelity National Information Services
5.22% of portfolio
 		GOOGL
Alphabet Inc.
4.78% of portfolio
 		V
Visa Inc.
4.58% of portfolio
 		ECL
Ecolab Inc.
4.08% of portfolio
 		BIDU
Baidu Inc.
3.95% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.92% of portfolio
 		ZTS
Zoetis Inc.
3.89% of portfolio
 		WTW
Willis Towers Watson plc
3.89% of portfolio
 		CME
CME Group
3.68% of portfolio
 		AMT
American Tower Corp.
3.55% of portfolio
 		EFX
Equifax Inc.
3.53% of portfolio
 		CBRE
CBRE Group
3.50% of portfolio
 		BDX
Becton Dickinson
3.06% of portfolio
 		A
Agilent Technologies
2.80% of portfolio
 		GOOG
Alphabet Inc. CL C
2.75% of portfolio
 		TNET
TriNet Group
2.68% of portfolio
 		ST
Sensata Technologies Holding
2.53% of portfolio
 		AVGO
Broadcom Inc.
2.52% of portfolio
2018   Q2$9.29 B SPGI
S&P Global Inc.
6.72% of portfolio
 		ADI
Analog Devices
5.72% of portfolio
 		FIS
Fidelity National Information Services
5.18% of portfolio
 		GOOGL
Alphabet Inc.
4.57% of portfolio
 		BIDU
Baidu Inc.
4.31% of portfolio
 		WTW
Willis Towers Watson plc
4.27% of portfolio
 		V
Visa Inc.
4.13% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.93% of portfolio
 		CBRE
CBRE Group
3.88% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.76% of portfolio
 		ECL
Ecolab Inc.
3.73% of portfolio
 		ZTS
Zoetis Inc.
3.69% of portfolio
 		AVGO
Broadcom Inc.
3.64% of portfolio
 		CME
CME Group
3.62% of portfolio
 		AMT
American Tower Corp.
3.60% of portfolio
 		BDX
Becton Dickinson
2.87% of portfolio
 		TNET
TriNet Group
2.72% of portfolio
 		GOOG
Alphabet Inc. CL C
2.61% of portfolio
 		A
Agilent Technologies
2.51% of portfolio
 		EFX
Equifax Inc.
2.50% of portfolio
2018   Q1$8.8 B SPGI
S&P Global Inc.
6.84% of portfolio
 		ADI
Analog Devices
5.89% of portfolio
 		FIS
Fidelity National Information Services
5.11% of portfolio
 		WTW
Willis Towers Watson plc
4.66% of portfolio
 		GOOGL
Alphabet Inc.
4.56% of portfolio
 		BIDU
Baidu Inc.
4.28% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.21% of portfolio
 		V
Visa Inc.
4.05% of portfolio
 		ECL
Ecolab Inc.
3.96% of portfolio
 		AMT
American Tower Corp.
3.94% of portfolio
 		ZTS
Zoetis Inc.
3.92% of portfolio
 		CME
CME Group
3.88% of portfolio
 		AVGO
Broadcom Inc.
3.83% of portfolio
 		CBRE
CBRE Group
3.72% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.50% of portfolio
 		A
Agilent Technologies
2.95% of portfolio
 		ST
Sensata Technologies Holding
2.93% of portfolio
 		BDX
Becton Dickinson
2.81% of portfolio
 		GOOG
Alphabet Inc. CL C
2.62% of portfolio
 		EFX
Equifax Inc.
2.56% of portfolio
2017   Q4$8.44 B SPGI
S&P Global Inc.
6.48% of portfolio
 		ADI
Analog Devices
6.13% of portfolio
 		FIS
Fidelity National Information Services
5.31% of portfolio
 		GOOGL
Alphabet Inc.
4.92% of portfolio
 		WTW
Willis Towers Watson plc
4.91% of portfolio
 		BIDU
Baidu Inc.
4.77% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.36% of portfolio
 		ZTS
Zoetis Inc.
4.27% of portfolio
 		ECL
Ecolab Inc.
4.12% of portfolio
 		AMT
American Tower Corp.
4.11% of portfolio
 		V
Visa Inc.
4.10% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.75% of portfolio
 		CME
CME Group
3.72% of portfolio
 		AVGO
Broadcom Inc.
3.63% of portfolio
 		CBRE
CBRE Group
3.63% of portfolio
 		A
Agilent Technologies
3.61% of portfolio
 		ST
Sensata Technologies Holding
3.08% of portfolio
 		BDX
Becton Dickinson
2.96% of portfolio
 		GOOG
Alphabet Inc. CL C
2.84% of portfolio
 		EFX
Equifax Inc.
2.73% of portfolio
2017   Q3$8.6 B SPGI
S&P Global Inc.
6.27% of portfolio
 		ADI
Analog Devices
6.23% of portfolio
 		FIS
Fidelity National Information Services
5.54% of portfolio
 		BIDU
Baidu Inc.
5.31% of portfolio
 		WTW
Willis Towers Watson plc
5.28% of portfolio
 		GOOGL
Alphabet Inc.
4.78% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.46% of portfolio
 		ECL
Ecolab Inc.
4.15% of portfolio
 		AMT
American Tower Corp.
4.13% of portfolio
 		V
Visa Inc.
3.98% of portfolio
 		ZTS
Zoetis Inc.
3.97% of portfolio
 		A
Agilent Technologies
3.64% of portfolio
 		CME
CME Group
3.63% of portfolio
 		AVGO
Broadcom Inc.
3.61% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.59% of portfolio
 		CBRE
CBRE Group
3.33% of portfolio
 		ST
Sensata Technologies Holding
3.04% of portfolio
 		BDX
Becton Dickinson
2.85% of portfolio
 		GOOG
Alphabet Inc. CL C
2.74% of portfolio
 		AGN
Allergan Plc
2.63% of portfolio
2017   Q2$8.01 B SPGI
S&P Global Inc.
6.49% of portfolio
 		ADI
Analog Devices
6.24% of portfolio
 		FIS
Fidelity National Information Services
5.75% of portfolio
 		WTW
Willis Towers Watson plc
5.51% of portfolio
 		GOOGL
Alphabet Inc.
5.05% of portfolio
 		ECL
Ecolab Inc.
4.74% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.74% of portfolio
 		AMT
American Tower Corp.
4.42% of portfolio
 		ZTS
Zoetis Inc.
4.29% of portfolio
 		BIDU
Baidu Inc.
4.25% of portfolio
 		V
Visa Inc.
3.91% of portfolio
 		NXPI
NXP Semiconductors NV
3.82% of portfolio
 		A
Agilent Technologies
3.71% of portfolio
 		CME
CME Group
3.70% of portfolio
 		CBRE
CBRE Group
3.55% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.33% of portfolio
 		BDX
Becton Dickinson
3.14% of portfolio
 		AGN
Allergan Plc
3.04% of portfolio
 		ST
Sensata Technologies Holding
2.97% of portfolio
 		GOOG
Alphabet Inc. CL C
2.87% of portfolio
2017   Q1$7.82 B ADI
Analog Devices
7.02% of portfolio
 		SPGI
S&P Global Inc.
6.21% of portfolio
 		FIS
Fidelity National Information Services
5.72% of portfolio
 		WTW
Willis Towers Watson plc
5.29% of portfolio
 		GOOGL
Alphabet Inc.
4.91% of portfolio
 		ECL
Ecolab Inc.
4.78% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.59% of portfolio
 		BIDU
Baidu Inc.
4.38% of portfolio
 		AMT
American Tower Corp.
4.34% of portfolio
 		V
Visa Inc.
3.96% of portfolio
 		ZTS
Zoetis Inc.
3.92% of portfolio
 		NXPI
NXP Semiconductors NV
3.87% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.78% of portfolio
 		CME
CME Group
3.75% of portfolio
 		CBRE
CBRE Group
3.63% of portfolio
 		A
Agilent Technologies
3.53% of portfolio
 		ST
Sensata Technologies Holding
3.25% of portfolio
 		AGN
Allergan Plc
3.19% of portfolio
 		BDX
Becton Dickinson
3.15% of portfolio
 		GOOG
Alphabet Inc. CL C
2.80% of portfolio
2016   Q4$7.14 B ADI
Analog Devices
6.87% of portfolio
 		FIS
Fidelity National Information Services
6.70% of portfolio
 		SPGI
S&P Global Inc.
5.64% of portfolio
 		WTW
Willis Towers Watson plc
5.45% of portfolio
 		GOOGL
Alphabet Inc.
5.07% of portfolio
 		ECL
Ecolab Inc.
4.93% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.78% of portfolio
 		BIDU
Baidu Inc.
4.61% of portfolio
 		HOG
Harley-Davidson
4.46% of portfolio
 		ZTS
Zoetis Inc.
4.35% of portfolio
 		AMT
American Tower Corp.
4.17% of portfolio
 		NXPI
NXP Semiconductors NV
4.03% of portfolio
 		CME
CME Group
4.02% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.77% of portfolio
 		CBRE
CBRE Group
3.62% of portfolio
 		A
Agilent Technologies
3.36% of portfolio
 		GOOG
Alphabet Inc. CL C
3.32% of portfolio
 		V
Visa Inc.
3.31% of portfolio
 		ST
Sensata Technologies Holding
3.19% of portfolio
 		AGN
Allergan Plc
2.81% of portfolio
2016   Q3$6.97 B FIS
Fidelity National Information Services
8.30% of portfolio
 		SPGI
S&P Global Inc.
7.02% of portfolio
 		ADI
Analog Devices
6.47% of portfolio
 		WTW
Willis Towers Watson plc
6.27% of portfolio
 		GOOGL
Alphabet Inc.
5.43% of portfolio
 		ECL
Ecolab Inc.
5.42% of portfolio
 		BIDU
Baidu Inc.
5.41% of portfolio
 		ZTS
Zoetis Inc.
4.46% of portfolio
 		HOG
Harley-Davidson
4.26% of portfolio
 		GOOG
Alphabet Inc. CL C
4.14% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.00% of portfolio
 		NXPI
NXP Semiconductors NV
3.98% of portfolio
 		CME
CME Group
3.85% of portfolio
 		V
Visa Inc.
3.72% of portfolio
 		CBRE
CBRE Group
3.41% of portfolio
 		AGN
Allergan Plc
3.26% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.17% of portfolio
 		A
Agilent Technologies
3.03% of portfolio
 		ST
Sensata Technologies Holding
3.00% of portfolio
 		CMPR
Cimpress plc
2.31% of portfolio
2016   Q2$5.94 B FIS
Fidelity National Information Services
9.36% of portfolio
 		SPGI
S&P Global Inc.
7.02% of portfolio
 		ADI
Analog Devices
6.70% of portfolio
 		ECL
Ecolab Inc.
6.20% of portfolio
 		WTW
Willis Towers Watson plc
6.18% of portfolio
 		BIDU
Baidu Inc.
5.79% of portfolio
 		GOOGL
Alphabet Inc.
5.60% of portfolio
 		ZTS
Zoetis Inc.
4.80% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.48% of portfolio
 		GOOG
Alphabet Inc. CL C
4.36% of portfolio
 		HOG
Harley-Davidson
4.33% of portfolio
 		CME
CME Group
4.23% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.84% of portfolio
 		ST
Sensata Technologies Holding
3.58% of portfolio
 		A
Agilent Technologies
3.37% of portfolio
 		CBRE
CBRE Group
3.29% of portfolio
 		AGN
Allergan Plc
2.86% of portfolio
 		V
Visa Inc.
2.84% of portfolio
 		CMPR
Cimpress plc
2.49% of portfolio
 		AMT
American Tower Corp.
2.18% of portfolio
2016   Q1$5.71 B FIS
Fidelity National Information Services
8.59% of portfolio
 		ADI
Analog Devices
7.47% of portfolio
 		BIDU
Baidu Inc.
7.13% of portfolio
 		SPGI
S&P Global Inc.
6.90% of portfolio
 		GOOGL
Alphabet Inc.
6.49% of portfolio
 		WTW
Willis Towers Watson plc
6.31% of portfolio
 		ECL
Ecolab Inc.
6.22% of portfolio
 		HOG
Harley-Davidson
5.23% of portfolio
 		GOOG
Alphabet Inc. CL C
5.00% of portfolio
 		ZTS
Zoetis Inc.
4.77% of portfolio
 		ST
Sensata Technologies Holding
4.24% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.19% of portfolio
 		CME
CME Group
4.14% of portfolio
 		A
Agilent Technologies
3.23% of portfolio
 		V
Visa Inc.
3.12% of portfolio
 		TMX-OLD
Terminix Global Holdings Inc.
3.02% of portfolio
 		MSM
MSC Industrial Direct
2.91% of portfolio
 		CMPR
Cimpress plc
2.39% of portfolio
 		GWW
W.W. Grainger Inc.
1.94% of portfolio
 		CBRE
CBRE Group
1.92% of portfolio
2015   Q4$5.32 B FIS
Fidelity National Information Services
9.21% of portfolio
 		BIDU
Baidu Inc.
7.92% of portfolio
 		ADI
Analog Devices
7.83% of portfolio
 		WTW
Willis Towers Watson plc
7.64% of portfolio
 		GOOGL
Alphabet Inc.
7.39% of portfolio
 		ECL
Ecolab Inc.
7.12% of portfolio
 		SPGI
S&P Global Inc.
6.23% of portfolio
 		GOOG
Alphabet Inc. CL C
5.69% of portfolio
 		ST
Sensata Technologies Holding
5.20% of portfolio
 		HOG
Harley-Davidson
5.19% of portfolio
 		ICE
Intercontinental Exchange Inc.
5.12% of portfolio
 		CME
CME Group
4.37% of portfolio
 		A
Agilent Technologies
3.78% of portfolio
 		AXP
American Express
2.78% of portfolio
 		MSM
MSC Industrial Direct
2.40% of portfolio
 		CMPR
Cimpress plc
2.39% of portfolio
 		ZTS
Zoetis Inc.
2.03% of portfolio
 		V
Visa Inc.
1.97% of portfolio
 		GWW
W.W. Grainger Inc.
1.89% of portfolio
 		CACC
Credit Acceptance Corp.
1.78% of portfolio
2015   Q3$4.69 B GOOG
Alphabet Inc. CL C
11.84% of portfolio
 		FIS
Fidelity National Information Services
11.52% of portfolio
 		ADI
Analog Devices
9.02% of portfolio
 		ECL
Ecolab Inc.
7.61% of portfolio
 		WTW
Willis Towers Watson plc
7.27% of portfolio
 		HOG
Harley-Davidson
7.09% of portfolio
 		BIDU
Baidu Inc.
6.49% of portfolio
 		ST
Sensata Technologies Holding
5.64% of portfolio
 		ICE
Intercontinental Exchange Inc.
5.30% of portfolio
 		SIRO-OLD
Sirona Dental Systems Inc.
4.54% of portfolio
 		GWW
W.W. Grainger Inc.
3.78% of portfolio
 		SPGI
S&P Global Inc.
3.54% of portfolio
 		AXP
American Express
3.34% of portfolio
 		CME
CME Group
3.16% of portfolio
 		MSM
MSC Industrial Direct
2.94% of portfolio
 		CMPR
Cimpress plc
2.53% of portfolio
 		CACC
Credit Acceptance Corp.
1.85% of portfolio
 		ABEV
Ambev S.A.
1.28% of portfolio
 		BITA
Bitauto Holdings Ltd.
1.26% of portfolio
2015   Q2$5.01 B FIS
Fidelity National Information Services
9.97% of portfolio
 		ADI
Analog Devices
9.64% of portfolio
 		BIDU
Baidu Inc.
8.83% of portfolio
 		ECL
Ecolab Inc.
7.36% of portfolio
 		WTW
Willis Towers Watson plc
7.30% of portfolio
 		HOG
Harley-Davidson
6.84% of portfolio
 		GWW
W.W. Grainger Inc.
6.29% of portfolio
 		GOOGL
Alphabet Inc.
5.36% of portfolio
 		ST
Sensata Technologies Holding
4.98% of portfolio
 		SIRO-OLD
Sirona Dental Systems Inc.
4.82% of portfolio
 		ICE
Intercontinental Exchange Inc.
4.74% of portfolio
 		GOOG
Alphabet Inc. CL C
4.08% of portfolio
 		ABEV
Ambev S.A.
3.47% of portfolio
 		AXP
American Express
3.29% of portfolio
 		MSM
MSC Industrial Direct
3.15% of portfolio
 		CME
CME Group
2.71% of portfolio
 		CACC
Credit Acceptance Corp.
2.18% of portfolio
 		CMPR
Cimpress plc
1.91% of portfolio
 		SPGI
S&P Global Inc.
1.63% of portfolio
 		BITA
Bitauto Holdings Ltd.
1.47% of portfolio
2015   Q1$5.11 B FIS
Fidelity National Information Services
11.07% of portfolio
 		ADI
Analog Devices
9.53% of portfolio
 		BIDU
Baidu Inc.
9.32% of portfolio
 		WTW
Willis Towers Watson plc
7.56% of portfolio
 		ECL
Ecolab Inc.
7.51% of portfolio
 		HOG
Harley-Davidson
7.44% of portfolio
 		GWW
W.W. Grainger Inc.
6.32% of portfolio
 		GOOGL
Alphabet Inc.
5.57% of portfolio
 		SIRO-OLD
Sirona Dental Systems Inc.
4.35% of portfolio
 		GOOG
Alphabet Inc. CL C
4.31% of portfolio
 		ST
Sensata Technologies Holding
3.98% of portfolio
 		ICE
Intercontinental Exchange Inc.
3.85% of portfolio
 		AXP
American Express
3.33% of portfolio
 		ABEV
Ambev S.A.
3.29% of portfolio
 		MSM
MSC Industrial Direct
3.29% of portfolio
 		CME
CME Group
2.78% of portfolio
 		CACC
Credit Acceptance Corp.
1.73% of portfolio
 		SPGI
S&P Global Inc.
1.67% of portfolio
 		CMPR
Cimpress plc
1.63% of portfolio
 		BITA
Bitauto Holdings Ltd.
1.47% of portfolio
2014   Q4$4.85 B BIDU
Baidu Inc.
10.78% of portfolio
 		FIS
Fidelity National Information Services
10.71% of portfolio
 		ADI
Analog Devices
8.87% of portfolio
 		HOG
Harley-Davidson
8.54% of portfolio
 		GWW
W.W. Grainger Inc.
7.22% of portfolio
 		WTW
Willis Towers Watson plc
6.86% of portfolio
 		ECL
Ecolab Inc.
6.56% of portfolio
 		GOOGL
Alphabet Inc.
5.62% of portfolio
 		SIRO-OLD
Sirona Dental Systems Inc.
4.46% of portfolio
 		GOOG
Alphabet Inc. CL C
4.39% of portfolio
 		ALTR-OLD
Altera Corp.
4.26% of portfolio
 		MSM
MSC Industrial Direct
3.91% of portfolio
 		ABEV
Ambev S.A.
3.77% of portfolio
 		ST
Sensata Technologies Holding
2.96% of portfolio
 		CME
CME Group
2.75% of portfolio
 		ICE
Intercontinental Exchange Inc.
2.57% of portfolio
 		HRB
H&R Block Inc.
1.65% of portfolio
 		CMPR
Cimpress plc
1.52% of portfolio
 		BITA
Bitauto Holdings Ltd.
1.32% of portfolio
 		CACC
Credit Acceptance Corp.
1.28% of portfolio
2014   Q3$4.43 B BIDU
Baidu Inc.
11.27% of portfolio
 		FIS
Fidelity National Information Services
10.57% of portfolio
 		HOG
Harley-Davidson
8.22% of portfolio
 		ADI
Analog Devices
7.33% of portfolio
 		WTW
Willis Towers Watson plc
6.91% of portfolio
 		GOOGL
Alphabet Inc.
6.81% of portfolio
 		ECL
Ecolab Inc.
6.52% of portfolio
 		GWW
W.W. Grainger Inc.
5.73% of portfolio
 		GOOG
Alphabet Inc. CL C
5.25% of portfolio
 		ALTR-OLD
Altera Corp.
4.51% of portfolio
 		ABEV
Ambev S.A.
4.33% of portfolio
 		SIRO-OLD
Sirona Dental Systems Inc.
4.28% of portfolio
 		SLH
Solera Holdings Inc.
4.17% of portfolio
 		KO
Coca Cola Co.
3.11% of portfolio
 		ST
Sensata Technologies Holding
2.74% of portfolio
 		MSM
MSC Industrial Direct
1.85% of portfolio
 		BCO
Brink's Co.
1.68% of portfolio
 		HRB
H&R Block Inc.
1.65% of portfolio
 		BITA
Bitauto Holdings Ltd.
1.63% of portfolio
 		CACC
Credit Acceptance Corp.
1.29% of portfolio
2014   Q2$4.31 B FIS
Fidelity National Information Services
10.62% of portfolio
 		HOG
Harley-Davidson
10.21% of portfolio
 		BIDU
Baidu Inc.
10.03% of portfolio
 		ADI
Analog Devices
8.30% of portfolio
 		GOOGL
Alphabet Inc.
7.00% of portfolio
 		WTW
Willis Towers Watson plc
6.72% of portfolio
 		ECL
Ecolab Inc.
6.56% of portfolio
 		GWW
W.W. Grainger Inc.
6.00% of portfolio
 		GOOG
Alphabet Inc. CL C
5.42% of portfolio
 		ABEV
Ambev S.A.
4.82% of portfolio
 		SIRO-OLD
Sirona Dental Systems Inc.
4.76% of portfolio
 		ALTR-OLD
Altera Corp.
4.53% of portfolio
 		SLH
Solera Holdings Inc.
4.27% of portfolio
 		KO
Coca Cola Co.
3.20% of portfolio
 		MSM
MSC Industrial Direct
2.15% of portfolio
 		BCO
Brink's Co.
2.04% of portfolio
 		HRB
H&R Block Inc.
1.86% of portfolio
 		CACC
Credit Acceptance Corp.
1.31% of portfolio
 		CL
Colgate-Palmolive
0.15% of portfolio
 		BKNG
Booking Holdings Inc.
0.02% of portfolio
2014   Q1$4.32 B GOOGL
Alphabet Inc.
10.47% of portfolio
 		FIS
Fidelity National Information Services
9.58% of portfolio
 		HOG
Harley-Davidson
8.41% of portfolio
 		BKNG
Booking Holdings Inc.
8.26% of portfolio
 		BIDU
Baidu Inc.
8.16% of portfolio
 		ADI
Analog Devices
8.12% of portfolio
 		ECL
Ecolab Inc.
6.35% of portfolio
 		GWW
W.W. Grainger Inc.
5.94% of portfolio
 		WTW
Willis Towers Watson plc
5.11% of portfolio
 		ABEV
Ambev S.A.
5.06% of portfolio
 		ALTR-OLD
Altera Corp.
4.71% of portfolio
 		SIRO-OLD
Sirona Dental Systems Inc.
3.09% of portfolio
 		KO
Coca Cola Co.
3.03% of portfolio
 		CL
Colgate-Palmolive
2.70% of portfolio
 		LKQ
LKQ Corp.
2.63% of portfolio
 		SLH
Solera Holdings Inc.
2.53% of portfolio
 		BCO
Brink's Co.
2.06% of portfolio
 		MSM
MSC Industrial Direct
1.94% of portfolio
 		CACC
Credit Acceptance Corp.
1.50% of portfolio
 		WAT
Waters Corp.
0.35% of portfolio
2013   Q4$4.22 B GOOGL
Alphabet Inc.
10.84% of portfolio
 		BIDU
Baidu Inc.
9.84% of portfolio
 		HOG
Harley-Davidson
9.03% of portfolio
 		BKNG
Booking Holdings Inc.
8.33% of portfolio
 		ADI
Analog Devices
8.01% of portfolio
 		KO
Coca Cola Co.
7.00% of portfolio
 		FIS
Fidelity National Information Services
6.83% of portfolio
 		ECL
Ecolab Inc.
6.31% of portfolio
 		ALTR-OLD
Altera Corp.
4.35% of portfolio
 		LKQ
LKQ Corp.
4.32% of portfolio
 		GWW
W.W. Grainger Inc.
4.08% of portfolio
 		WTW
Willis Towers Watson plc
4.01% of portfolio
 		ABEV
Ambev S.A.
3.87% of portfolio
 		SLH
Solera Holdings Inc.
2.89% of portfolio
 		CL
Colgate-Palmolive
2.80% of portfolio
 		BCO
Brink's Co.
2.53% of portfolio
 		WAT
Waters Corp.
2.52% of portfolio
 		CACC
Credit Acceptance Corp.
1.42% of portfolio
 		MSM
MSC Industrial Direct
1.01% of portfolio
2013   Q3$3.66 B BIDU
Baidu Inc.
9.92% of portfolio
 		GOOGL
Alphabet Inc.
9.78% of portfolio
 		HOG
Harley-Davidson
9.67% of portfolio
 		ADI
Analog Devices
8.55% of portfolio
 		BKNG
Booking Holdings Inc.
8.37% of portfolio
 		KO
Coca Cola Co.
7.41% of portfolio
 		ECL
Ecolab Inc.
6.91% of portfolio
 		FIS
Fidelity National Information Services
6.82% of portfolio
 		ALTR-OLD
Altera Corp.
5.74% of portfolio
 		LKQ
LKQ Corp.
4.82% of portfolio
 		WAT
Waters Corp.
3.09% of portfolio
 		CL
Colgate-Palmolive
2.94% of portfolio
 		PM
Philip Morris Intl.
2.75% of portfolio
 		WTW
Willis Towers Watson plc
2.52% of portfolio
 		SLH
Solera Holdings Inc.
2.50% of portfolio
 		GWW
W.W. Grainger Inc.
2.46% of portfolio
 		BCO
Brink's Co.
2.43% of portfolio
 		BBD
Banco Bradesco
1.89% of portfolio
 		CACC
Credit Acceptance Corp.
1.40% of portfolio
 		OPEN-OLD
OpenTable Inc.
0.01% of portfolio
2013   Q2$3.1 B GOOGL
Alphabet Inc.
11.74% of portfolio
 		ADI
Analog Devices
9.77% of portfolio
 		KO
Coca Cola Co.
9.37% of portfolio
 		BKNG
Booking Holdings Inc.
8.14% of portfolio
 		BIDU
Baidu Inc.
7.20% of portfolio
 		ECL
Ecolab Inc.
7.10% of portfolio
 		FIS
Fidelity National Information Services
6.45% of portfolio
 		HOG
Harley-Davidson
6.25% of portfolio
 		LKQ
LKQ Corp.
6.04% of portfolio
 		ORCL
Oracle Corp.
5.24% of portfolio
 		ALTR-OLD
Altera Corp.
4.82% of portfolio
 		WAT
Waters Corp.
3.47% of portfolio
 		CL
Colgate-Palmolive
3.39% of portfolio
 		PM
Philip Morris Intl.
3.28% of portfolio
 		SLH
Solera Holdings Inc.
3.14% of portfolio
 		BCO
Brink's Co.
2.16% of portfolio
 		CACC
Credit Acceptance Corp.
1.57% of portfolio
 		OPEN-OLD
OpenTable Inc.
0.86% of portfolio
2013   Q1$3.15 B ORCL
Oracle Corp.
10.83% of portfolio
 		GOOGL
Alphabet Inc.
10.37% of portfolio
 		ADI
Analog Devices
9.88% of portfolio
 		KO
Coca Cola Co.
9.25% of portfolio
 		CL
Colgate-Palmolive
7.05% of portfolio
 		BKNG
Booking Holdings Inc.
6.62% of portfolio
 		ECL
Ecolab Inc.
6.53% of portfolio
 		ALTR-OLD
Altera Corp.
5.07% of portfolio
 		LKQ
LKQ Corp.
5.00% of portfolio
 		BIDU
Baidu Inc.
4.99% of portfolio
 		PM
Philip Morris Intl.
3.43% of portfolio
 		CLB
Core Laboratories Inc.
3.27% of portfolio
 		SLH
Solera Holdings Inc.
3.23% of portfolio
 		WAT
Waters Corp.
3.17% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
2.74% of portfolio
 		BBD
Banco Bradesco
2.71% of portfolio
 		BCO
Brink's Co.
2.34% of portfolio
 		OPEN-OLD
OpenTable Inc.
2.13% of portfolio
 		CACC
Credit Acceptance Corp.
1.18% of portfolio
 		FIS
Fidelity National Information Services
0.20% of portfolio
2012   Q4$2.65 B GOOGL
Alphabet Inc.
10.98% of portfolio
 		ORCL
Oracle Corp.
10.27% of portfolio
 		KO
Coca Cola Co.
9.84% of portfolio
 		ADI
Analog Devices
9.82% of portfolio
 		CL
Colgate-Palmolive
7.41% of portfolio
 		BKNG
Booking Holdings Inc.
6.28% of portfolio
 		AMZN
Amazon.com Inc.
5.89% of portfolio
 		BIDU
Baidu Inc.
4.96% of portfolio
 		ECL
Ecolab Inc.
3.97% of portfolio
 		PM
Philip Morris Intl.
3.67% of portfolio
 		SLH
Solera Holdings Inc.
3.54% of portfolio
 		LKQ
LKQ Corp.
3.51% of portfolio
 		WAT
Waters Corp.
3.50% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
3.24% of portfolio
 		ALTR-OLD
Altera Corp.
3.11% of portfolio
 		BBD
Banco Bradesco
2.98% of portfolio
 		BCO
Brink's Co.
2.32% of portfolio
 		OPEN-OLD
OpenTable Inc.
1.97% of portfolio
 		CLB
Core Laboratories Inc.
1.59% of portfolio
 		CACC
Credit Acceptance Corp.
1.17% of portfolio
2012   Q3$2.33 B GOOGL
Alphabet Inc.
13.45% of portfolio
 		KO
Coca Cola Co.
11.90% of portfolio
 		ORCL
Oracle Corp.
11.18% of portfolio
 		ADI
Analog Devices
10.55% of portfolio
 		CL
Colgate-Palmolive
8.76% of portfolio
 		PM
Philip Morris Intl.
7.24% of portfolio
 		BKNG
Booking Holdings Inc.
5.66% of portfolio
 		AMZN
Amazon.com Inc.
4.88% of portfolio
 		ECL
Ecolab Inc.
4.14% of portfolio
 		WAT
Waters Corp.
3.88% of portfolio
 		BIDU
Baidu Inc.
3.71% of portfolio
 		ALTR-OLD
Altera Corp.
3.56% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
3.40% of portfolio
 		SLH
Solera Holdings Inc.
3.36% of portfolio
 		BBD
Banco Bradesco
3.19% of portfolio
 		CACC
Credit Acceptance Corp.
1.13% of portfolio
2012   Q2$2.18 B KO
Coca Cola Co.
13.32% of portfolio
 		ORCL
Oracle Corp.
11.51% of portfolio
 		GOOGL
Alphabet Inc.
11.28% of portfolio
 		ADI
Analog Devices
11.04% of portfolio
 		CL
Colgate-Palmolive
9.26% of portfolio
 		PM
Philip Morris Intl.
7.66% of portfolio
 		BKNG
Booking Holdings Inc.
6.62% of portfolio
 		AMZN
Amazon.com Inc.
4.78% of portfolio
 		ECL
Ecolab Inc.
4.75% of portfolio
 		WAT
Waters Corp.
4.02% of portfolio
 		ALTR-OLD
Altera Corp.
3.85% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
3.70% of portfolio
 		SLH
Solera Holdings Inc.
3.47% of portfolio
 		BBD
Banco Bradesco
3.21% of portfolio
 		CACC
Credit Acceptance Corp.
1.22% of portfolio
 		UL
Unilever PLC
0.16% of portfolio
 		BTI
British American Tobacco plc
0.15% of portfolio
2012   Q1$2.05 B KO
Coca Cola Co.
13.39% of portfolio
 		GOOGL
Alphabet Inc.
13.22% of portfolio
 		ADI
Analog Devices
12.55% of portfolio
 		ORCL
Oracle Corp.
11.97% of portfolio
 		PM
Philip Morris Intl.
10.59% of portfolio
 		CL
Colgate-Palmolive
9.23% of portfolio
 		BKNG
Booking Holdings Inc.
5.89% of portfolio
 		AMZN
Amazon.com Inc.
4.50% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
4.25% of portfolio
 		SLH
Solera Holdings Inc.
4.04% of portfolio
 		BBD
Banco Bradesco
4.01% of portfolio
 		WAT
Waters Corp.
3.40% of portfolio
 		ALTR-OLD
Altera Corp.
2.39% of portfolio
 		CACC
Credit Acceptance Corp.
0.25% of portfolio
 		UL
Unilever PLC
0.17% of portfolio
 		BTI
British American Tobacco plc
0.15% of portfolio
2011   Q4$1.89 B GOOGL
Alphabet Inc.
13.89% of portfolio
 		KO
Coca Cola Co.
13.20% of portfolio
 		ADI
Analog Devices
11.58% of portfolio
 		ORCL
Oracle Corp.
10.98% of portfolio
 		PM
Philip Morris Intl.
9.79% of portfolio
 		CL
Colgate-Palmolive
9.10% of portfolio
 		WTW
Willis Towers Watson plc
8.74% of portfolio
 		SLH
Solera Holdings Inc.
4.10% of portfolio
 		BKNG
Booking Holdings Inc.
4.01% of portfolio
 		BBD
Banco Bradesco
3.98% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
3.87% of portfolio
 		WAT
Waters Corp.
2.82% of portfolio
 		ALTR-OLD
Altera Corp.
2.32% of portfolio
 		OPEN-OLD
OpenTable Inc.
1.10% of portfolio
 		UL
Unilever PLC
0.28% of portfolio
 		BTI
British American Tobacco plc
0.24% of portfolio
2011   Q3$1.55 B KO
Coca Cola Co.
14.55% of portfolio
 		ORCL
Oracle Corp.
14.06% of portfolio
 		GOOGL
Alphabet Inc.
12.75% of portfolio
 		ADI
Analog Devices
11.70% of portfolio
 		CL
Colgate-Palmolive
10.10% of portfolio
 		PM
Philip Morris Intl.
8.86% of portfolio
 		WTW
Willis Towers Watson plc
8.82% of portfolio
 		SLH
Solera Holdings Inc.
5.30% of portfolio
 		BBD
Banco Bradesco
4.02% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
3.75% of portfolio
 		WAT
Waters Corp.
3.28% of portfolio
 		ALTR-OLD
Altera Corp.
2.23% of portfolio
 		UL
Unilever PLC
0.32% of portfolio
 		BTI
British American Tobacco plc
0.26% of portfolio
2011   Q2$1.59 B ORCL
Oracle Corp.
15.67% of portfolio
 		KO
Coca Cola Co.
14.10% of portfolio
 		ADI
Analog Devices
14.07% of portfolio
 		BBD
Banco Bradesco
12.77% of portfolio
 		GOOGL
Alphabet Inc.
12.13% of portfolio
 		CL
Colgate-Palmolive
9.55% of portfolio
 		SLH
Solera Holdings Inc.
6.06% of portfolio
 		WTW
Willis Towers Watson plc
6.05% of portfolio
 		PM
Philip Morris Intl.
4.95% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
4.05% of portfolio
 		UL
Unilever PLC
0.32% of portfolio
 		BTI
British American Tobacco plc
0.27% of portfolio
2011   Q1$1.51 B KO
Coca Cola Co.
13.46% of portfolio
 		ORCL
Oracle Corp.
12.90% of portfolio
 		BBD
Banco Bradesco
12.36% of portfolio
 		GOOGL
Alphabet Inc.
12.09% of portfolio
 		ADI
Analog Devices
11.60% of portfolio
 		WTW
Willis Towers Watson plc
9.72% of portfolio
 		PM
Philip Morris Intl.
7.82% of portfolio
 		CL
Colgate-Palmolive
6.29% of portfolio
 		BAP
Credicorp Ltd.
5.07% of portfolio
 		SLH
Solera Holdings Inc.
4.74% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
3.26% of portfolio
 		UL
Unilever PLC
0.45% of portfolio
 		BTI
British American Tobacco plc
0.26% of portfolio
2010   Q4$1.37 B WTW
Willis Towers Watson plc
12.76% of portfolio
 		KO
Coca Cola Co.
12.33% of portfolio
 		BBD
Banco Bradesco
11.17% of portfolio
 		ORCL
Oracle Corp.
11.11% of portfolio
 		ADI
Analog Devices
10.21% of portfolio
 		GOOGL
Alphabet Inc.
9.36% of portfolio
 		PM
Philip Morris Intl.
6.47% of portfolio
 		CL
Colgate-Palmolive
5.72% of portfolio
 		BAP
Credicorp Ltd.
5.30% of portfolio
 		SLH
Solera Holdings Inc.
4.69% of portfolio
 		COV-OLD
Covidien Plc.
4.37% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
3.29% of portfolio
 		BDX
Becton Dickinson
2.43% of portfolio
 		UL
Unilever PLC
0.50% of portfolio
 		BTI
British American Tobacco plc
0.27% of portfolio
2010   Q3$1.37 B BBD
Banco Bradesco
9.73% of portfolio
 		AZO
AutoZone Inc.
8.67% of portfolio
 		WTW
Willis Towers Watson plc
8.46% of portfolio
 		AVP
Avon Products
8.36% of portfolio
 		ORCL
Oracle Corp.
8.24% of portfolio
 		KO
Coca Cola Co.
8.18% of portfolio
 		BDX
Becton Dickinson
7.93% of portfolio
 		COV-OLD
Covidien Plc.
7.23% of portfolio
 		GOOGL
Alphabet Inc.
7.17% of portfolio
 		PM
Philip Morris Intl.
5.37% of portfolio
 		ADI
Analog Devices
4.96% of portfolio
 		CL
Colgate-Palmolive
4.74% of portfolio
 		BAP
Credicorp Ltd.
4.42% of portfolio
 		SLH
Solera Holdings Inc.
3.50% of portfolio
 		ABV-OLD
Companhia De Bebidas OLD
2.29% of portfolio
 		UL
Unilever PLC
0.47% of portfolio
 		BTI
British American Tobacco plc
0.26% of portfolio
2010   Q2$992 M CL
Colgate-Palmolive
11.92% of portfolio
 		WTW
Willis Towers Watson plc
10.21% of portfolio
 		COV-OLD
Covidien Plc.
9.61% of portfolio
 		AZO
AutoZone Inc.
9.10% of portfolio
 		BDX
Becton Dickinson
8.99% of portfolio
 		BBD
Banco Bradesco
8.53% of portfolio
 		ORCL
Oracle Corp.
8.17% of portfolio
 		KO
Coca Cola Co.
7.31% of portfolio
 		PM
Philip Morris Intl.
5.46% of portfolio
 		AVP
Avon Products
4.74% of portfolio
 		BAP
Credicorp Ltd.
4.42% of portfolio
 		SLH
Solera Holdings Inc.
3.57% of portfolio
 		KMB
Kimberly-Clark
3.43% of portfolio
 		V
Visa Inc.
3.32% of portfolio
 		UL
Unilever PLC
0.57% of portfolio
 		SNN
Smith & Nephew plc
0.36% of portfolio
 		BTI
British American Tobacco plc
0.31% of portfolio
2010   Q1$955 M WTW
Willis Towers Watson plc
11.58% of portfolio
 		COV-OLD
Covidien Plc.
11.52% of portfolio
 		CL
Colgate-Palmolive
11.07% of portfolio
 		BDX
Becton Dickinson
10.00% of portfolio
 		ORCL
Oracle Corp.
9.38% of portfolio
 		AZO
AutoZone Inc.
7.78% of portfolio
 		BBD
Banco Bradesco
6.41% of portfolio
 		PM
Philip Morris Intl.
5.94% of portfolio
 		AVP
Avon Products
5.80% of portfolio
 		BAX
Baxter International Inc.
5.42% of portfolio
 		V
Visa Inc.
4.07% of portfolio
 		CAG
Conagra Brands Inc.
3.64% of portfolio
 		KMB
Kimberly-Clark
3.39% of portfolio
 		SLH
Solera Holdings Inc.
2.09% of portfolio
 		BTI
British American Tobacco plc
0.81% of portfolio
 		UL
Unilever PLC
0.66% of portfolio
 		SNN
Smith & Nephew plc
0.41% of portfolio
2009   Q4$471 M COV-OLD
Covidien Plc.
12.64% of portfolio
 		BDX
Becton Dickinson
11.34% of portfolio
 		WTW
Willis Towers Watson plc
11.14% of portfolio
 		ACN
Accenture
10.44% of portfolio
 		PFE
Pfizer Inc.
7.62% of portfolio
 		BBD
Banco Bradesco
6.38% of portfolio
 		CAG
Conagra Brands Inc.
6.26% of portfolio
 		CL
Colgate-Palmolive
6.23% of portfolio
 		ORCL
Oracle Corp.
6.10% of portfolio
 		PM
Philip Morris Intl.
4.57% of portfolio
 		V
Visa Inc.
4.53% of portfolio
 		KMB
Kimberly-Clark
3.96% of portfolio
 		AVP
Avon Products
2.60% of portfolio
 		TRV
Travelers Companies Inc.
2.06% of portfolio
 		BTI
British American Tobacco plc
1.55% of portfolio
 		UL
Unilever PLC
1.46% of portfolio
 		SNN
Smith & Nephew plc
1.12% of portfolio