# EDGAR Filing Document

**Accession Number:** 0001540826
**File Stem:** 0001085146-23-001285
**Filing Date:** 2023-2
**Character Count:** 24374
**Document Hash:** 1b4f191dd324ae9b2ee2d4cecb551676
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-001285.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001085146-23-001285

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EULAV Asset Management
- **CENTRAL INDEX KEY:** 0001540826
- **IRS NUMBER:** 274466514
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14654
- **FILM NUMBER:** 23627960

**BUSINESS ADDRESS:**
- **STREET 1:** 7 TIMES SQUARE
- **STREET 2:** SUITE 1606
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-907-1900

**MAIL ADDRESS:**
- **STREET 1:** 7 TIMES SQUARE
- **STREET 2:** SUITE 1606
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** EULAV Asset Management<br>**Address:** 7 Times Square<br>SUITE 1606<br>NEW YORK, NY 10036

**Form 13F File Number:** 028-14654

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mitchell E. Appel<br>**Title:** Chief Executive Officer<br>**Phone:** 212-907-1827

**Signature, Place, and Date of Signing:**

/s/ Mitchell E. Appel  New York, NY  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 192

**Form 13F Information Table Value Total:** $2329749736

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AAON INC | COM PAR $0.004 | 000360206 | BBG001S6CZK0 | 9317084 | 123700 | SH |  | SOLE |  | 123700 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 43215005 | 161951 | SH |  | SOLE |  | 161951 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 26215687 | 77900 | SH |  | SOLE |  | 77900 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 9394435 | 145043 | SH |  | SOLE |  | 145043 | 0 | 0 |
| ALARM COM HLDGS INC | COM | 011642105 | BBG007GNPYZ6 | 1810968 | 36600 | SH |  | SOLE |  | 36600 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 5109220 | 58000 | SH |  | SOLE |  | 58000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 16940160 | 192000 | SH |  | SOLE |  | 192000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 13860000 | 165000 | SH |  | SOLE |  | 165000 | 0 | 0 |
| AMER STATES WTR CO | COM | 029899101 | BBG001S9T5Z6 | 546045 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | BBG001S8JK86 | 30900630 | 225092 | SH |  | SOLE |  | 225092 | 0 | 0 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 | BBG001S6Q193 | 4179736 | 40651 | SH |  | SOLE |  | 40651 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 | BBG001S926L8 | 19931175 | 82500 | SH |  | SOLE |  | 82500 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 28723398 | 95700 | SH |  | SOLE |  | 95700 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 12083490 | 93000 | SH |  | SOLE |  | 93000 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 | BBG001S5NK14 | 2936499 | 23300 | SH |  | SOLE |  | 23300 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 | BBG001S78MT3 | 14179323 | 128926 | SH |  | SOLE |  | 128926 | 0 | 0 |
| ASGN INC | COM | 00191U102 | BBG001S71HP5 | 1637748 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| BALCHEM CORP | COM | 057665200 | BBG001S5P2R4 | 3699933 | 30300 | SH |  | SOLE |  | 30300 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 11260800 | 340000 | SH |  | SOLE |  | 340000 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 | BBG001S5P463 | 47427688 | 653544 | SH |  | SOLE |  | 653544 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 | BBG001S625W4 | 5718664 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | BBG001S76R05 | 8589670 | 83000 | SH |  | SOLE |  | 83000 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 6677100 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 10481471 | 5201 | SH |  | SOLE |  | 5201 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2801034 | 5010 | SH |  | SOLE |  | 5010 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 | BBG001SF9NK1 | 1593127 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG001S65YK1 | 59315517 | 369245 | SH |  | SOLE |  | 369245 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 | BBG001S9FP96 | 1102500 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 | BBG001S5Q6R4 | 4571610 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| CAVCO INDS INC DEL | COM | 149568107 | BBG001SJQBM8 | 4706000 | 20800 | SH |  | SOLE |  | 20800 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 | BBG001S5YY67 | 26037099 | 302300 | SH |  | SOLE |  | 302300 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 | BBG001S7Q271 | 3704300 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 | BBG001S679X0 | 40527632 | 79399 | SH |  | SOLE |  | 79399 | 0 | 0 |
| CHURCHILL DOWNS INC | COM | 171484108 | BBG001S67Z80 | 29155140 | 137895 | SH |  | SOLE |  | 137895 | 0 | 0 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 75635963 | 167477 | SH |  | SOLE |  | 167477 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 2623340 | 58000 | SH |  | SOLE |  | 58000 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 | BBG00ZGF7799 | 2618860 | 74000 | SH |  | SOLE |  | 74000 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 | BBG001SB1GG8 | 1277388 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| CONCENTRIX CORP | COM | 20602D101 | BBG00RCNQMY2 | 2090612 | 15700 | SH |  | SOLE |  | 15700 | 0 | 0 |
| CONMED CORP | COM | 207410101 | BBG001S5PZH2 | 2012128 | 22700 | SH |  | SOLE |  | 22700 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 2317500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| COOPER COS INC | COM NEW | 216648402 | BBG001S5Q1H6 | 5687524 | 17200 | SH |  | SOLE |  | 17200 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 29124700 | 63800 | SH |  | SOLE |  | 63800 | 0 | 0 |
| CROCS INC | COM | 227046109 | BBG001SDGFR8 | 7774431 | 71700 | SH |  | SOLE |  | 71700 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 4738050 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 33001792 | 124338 | SH |  | SOLE |  | 124338 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG001SPT759 | 3548880 | 108000 | SH |  | SOLE |  | 108000 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG001S63VG4 | 14147300 | 230000 | SH |  | SOLE |  | 230000 | 0 | 0 |
| DEXCOM INC | COM | 252131107 | BBG001SKZG99 | 9738640 | 86000 | SH |  | SOLE |  | 86000 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 19288883 | 141021 | SH |  | SOLE |  | 141021 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 6342240 | 73000 | SH |  | SOLE |  | 73000 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 | BBG0134WCMB3 | 3417000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| DYCOM INDS INC | COM | 267475101 | BBG001S6MGW8 | 1029600 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| ECOLAB INC | COM | 278865100 | BBG001S5QRB5 | 8573047 | 58897 | SH |  | SOLE |  | 58897 | 0 | 0 |
| ENERSYS | COM | 29275Y102 | BBG001SLVXW8 | 4068584 | 55100 | SH |  | SOLE |  | 55100 | 0 | 0 |
| ENPRO INDS INC | COM | 29355X107 | BBG001SCK8H2 | 2869416 | 26400 | SH |  | SOLE |  | 26400 | 0 | 0 |
| ENSIGN GROUP INC | COM | 29358P101 | BBG001SPNL09 | 6745693 | 71300 | SH |  | SOLE |  | 71300 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 | BBG001SKDJH8 | 27156536 | 82860 | SH |  | SOLE |  | 82860 | 0 | 0 |
| EPLUS INC | COM | 294268107 | BBG001S99YL0 | 8138664 | 183800 | SH |  | SOLE |  | 183800 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 | BBG001S5T5G5 | 23126800 | 358000 | SH |  | SOLE |  | 358000 | 0 | 0 |
| EVERBRIDGE INC | COM | 29978A104 | BBG0022FMPG2 | 1618026 | 54700 | SH |  | SOLE |  | 54700 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 | BBG001SGCLB9 | 12625050 | 255000 | SH |  | SOLE |  | 255000 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 | BBG001SD42W4 | 14756800 | 920000 | SH |  | SOLE |  | 920000 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 | BBG001SKWX40 | 13469685 | 79500 | SH |  | SOLE |  | 79500 | 0 | 0 |
| EXPONENT INC | COM | 30214U102 | BBG001S9CG99 | 33591510 | 339000 | SH |  | SOLE |  | 339000 | 0 | 0 |
| FABRINET | SHS | G3323L100 | BBG001SP57F4 | 4167150 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 | BBG001S8ZT61 | 42259748 | 70600 | SH |  | SOLE |  | 70600 | 0 | 0 |
| FIRST FINL BANKSHARES INC | COM | 32020R109 | BBG001S7HCY9 | 7103462 | 206496 | SH |  | SOLE |  | 206496 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 25442149 | 251728 | SH |  | SOLE |  | 251728 | 0 | 0 |
| FIVE9 INC | COM | 338307101 | BBG001V0P7K7 | 5693454 | 83900 | SH |  | SOLE |  | 83900 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 | BBG001S5R3W4 | 1941180 | 24341 | SH |  | SOLE |  | 24341 | 0 | 0 |
| FTI CONSULTING INC | COM | 302941109 | BBG001SCJVR2 | 5748560 | 36200 | SH |  | SOLE |  | 36200 | 0 | 0 |
| GARTNER INC | COM | 366651107 | BBG001S5SD60 | 40612771 | 120821 | SH |  | SOLE |  | 120821 | 0 | 0 |
| GATX CORP | COM | 361448103 | BBG001S5RM34 | 1222910 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 | BBG001T5VGH6 | 2013200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 9614640 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 | BBG006D97VZ8 | 2040000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 | BBG001S5RTV8 | 2385600 | 198800 | SH |  | SOLE |  | 198800 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 | BBG001S5RVC4 | 9768892 | 63583 | SH |  | SOLE |  | 63583 | 0 | 0 |
| HELEN OF TROY LTD | COM | G4388N106 | BBG001S5RVH9 | 2550930 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 | BBG001S5SHB5 | 11711256 | 66708 | SH |  | SOLE |  | 66708 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH49 | 3163550 | 25036 | SH |  | SOLE |  | 25036 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 3158600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 | BBG001S5S4Y9 | 38389036 | 94100 | SH |  | SOLE |  | 94100 | 0 | 0 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 | BBG001S7LHJ0 | 912457 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| INSPERITY INC | COM | 45778Q107 | BBG001S894P4 | 3169440 | 27900 | SH |  | SOLE |  | 27900 | 0 | 0 |
| INSULET CORP | COM | 45784P101 | BBG001SRF439 | 2943900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | BBG001SQ4YC7 | 3328100 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| INTERCEPT PHARMACEUTICALS IN | COM | 45845P108 | BBG001V0G1G5 | 2412150 | 195000 | SH |  | SOLE |  | 195000 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 41733817 | 406802 | SH |  | SOLE |  | 406802 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 48461782 | 124510 | SH |  | SOLE |  | 124510 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 26822765 | 130913 | SH |  | SOLE |  | 130913 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 | BBG001TSQV70 | 1901501 | 20300 | SH |  | SOLE |  | 20300 | 0 | 0 |
| J  J SNACK FOODS CORP | COM | 466032109 | BBG001S5SH98 | 19417387 | 129700 | SH |  | SOLE |  | 129700 | 0 | 0 |
| JOHN BEAN TECHNOLOGIES CORP | COM | 477839104 | BBG001SQLKR2 | 958965 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 7244753 | 54025 | SH |  | SOLE |  | 54025 | 0 | 0 |
| KADANT INC | COM | 48282T104 | BBG001S8PRM8 | 2398005 | 13500 | SH |  | SOLE |  | 13500 | 0 | 0 |
| LANCASTER COLONY CORP | COM | 513847103 | BBG001S5SPQ1 | 1104880 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| LANDSTAR SYS INC | COM | 515098101 | BBG001S5RWM1 | 5506020 | 33800 | SH |  | SOLE |  | 33800 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG001S8L5H6 | 10048455 | 40500 | SH |  | SOLE |  | 40500 | 0 | 0 |
| LCI INDS | COM | 50189K103 | BBG001S8G4D9 | 2218800 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 | BBG001S5SST2 | 23396694 | 97800 | SH |  | SOLE |  | 97800 | 0 | 0 |
| LITTELFUSE INC | COM | 537008104 | BBG001S744B6 | 2025840 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG001STBM75 | 7368740 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 | BBG004M9ZHY4 | 1983600 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 | BBG001S5T7M4 | 21694428 | 131100 | SH |  | SOLE |  | 131100 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 21318660 | 61308 | SH |  | SOLE |  | 61308 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 | BBG00VT0KP47 | 9335250 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| MAXIMUS INC | COM | 577933104 | BBG001S6G4K5 | 2632547 | 35900 | SH |  | SOLE |  | 35900 | 0 | 0 |
| MEDIFAST INC | COM | 58470H101 | BBG001SD45H4 | 784380 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 | BBG0065B7K40 | 3377319 | 15900 | SH |  | SOLE |  | 15900 | 0 | 0 |
| MERCURY SYS INC | COM | 589378108 | BBG001SBFLT8 | 2250422 | 50300 | SH |  | SOLE |  | 50300 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 13842109 | 115025 | SH |  | SOLE |  | 115025 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | BBG001SB87G1 | 20959025 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 2099160 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 14629020 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| MONRO INC | COM | 610236101 | BBG001S62LS4 | 1193280 | 26400 | SH |  | SOLE |  | 26400 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 26827611 | 104100 | SH |  | SOLE |  | 104100 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG001SV8B05 | 6047210 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| NEOGEN CORP | COM | 640491106 | BBG001S67B47 | 3357636 | 220462 | SH |  | SOLE |  | 220462 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 9439109 | 32010 | SH |  | SOLE |  | 32010 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 9093674 | 108776 | SH |  | SOLE |  | 108776 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 3744320 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 9063314 | 62018 | SH |  | SOLE |  | 62018 | 0 | 0 |
| OKTA INC | CL A | 679295105 | BBG001YV1SN3 | 6696340 | 98000 | SH |  | SOLE |  | 98000 | 0 | 0 |
| OMNICELL COM | COM | 68213N109 | BBG001SF6Z45 | 2833604 | 56200 | SH |  | SOLE |  | 56200 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 11323980 | 159000 | SH |  | SOLE |  | 159000 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 | BBG00JG0FG08 | 1865900 | 235000 | SH |  | SOLE |  | 235000 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 | BBG001TRHPB0 | 4026526 | 18100 | SH |  | SOLE |  | 18100 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 | BBG001S7V1J4 | 17589695 | 77016 | SH |  | SOLE |  | 77016 | 0 | 0 |
| PLANET FITNESS INC | CL A | 72703H101 | BBG009H04M26 | 3364760 | 42700 | SH |  | SOLE |  | 42700 | 0 | 0 |
| POOL CORP | COM | 73278L105 | BBG001S5VBK4 | 33558630 | 111000 | SH |  | SOLE |  | 111000 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 | BBG001T5ZSQ6 | 3219314 | 22700 | SH |  | SOLE |  | 22700 | 0 | 0 |
| QUAKER HOUGHTON | COM | 747316107 | BBG001S969X5 | 4456230 | 26700 | SH |  | SOLE |  | 26700 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 9788294 | 89033 | SH |  | SOLE |  | 89033 | 0 | 0 |
| QUALYS INC | COM | 74758T303 | BBG001SYH860 | 2435391 | 21700 | SH |  | SOLE |  | 21700 | 0 | 0 |
| RAPID7 INC | COM | 753422104 | BBG009DFHWH5 | 1746572 | 51400 | SH |  | SOLE |  | 51400 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 | BBG001SNYTV1 | 10990875 | 52500 | SH |  | SOLE |  | 52500 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 | BBG001S9DL33 | 35398339 | 274427 | SH |  | SOLE |  | 274427 | 0 | 0 |
| REVANCE THERAPEUTICS INC | COM | 761330109 | BBG001V0GBC7 | 3138200 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 | BBG00741Y1P0 | 2948800 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| RLI CORP | COM | 749607107 | BBG001S5VQ58 | 22972250 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 | BBG008NMBXP6 | 4558400 | 560000 | SH |  | SOLE |  | 560000 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 | BBG001ZZPQM2 | 3174600 | 78000 | SH |  | SOLE |  | 78000 | 0 | 0 |
| ROLLINS INC | COM | 775711104 | BBG001S5VRG4 | 8442530 | 231049 | SH |  | SOLE |  | 231049 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG001S9B362 | 31356339 | 72569 | SH |  | SOLE |  | 72569 | 0 | 0 |
| RUSH ENTERPRISES INC | CL A | 781846209 | BBG001SKX0D1 | 1693872 | 32400 | SH |  | SOLE |  | 32400 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 52080490 | 155492 | SH |  | SOLE |  | 155492 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 31211686 | 235400 | SH |  | SOLE |  | 235400 | 0 | 0 |
| SANMINA CORPORATION | COM | 801056102 | BBG001S5SYJ0 | 916640 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SELECTIVE INS GROUP INC | COM | 816300107 | BBG001S5W2R6 | 2419053 | 27300 | SH |  | SOLE |  | 27300 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 36133959 | 93064 | SH |  | SOLE |  | 93064 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 | BBG004DW5NC7 | 3505710 | 101000 | SH |  | SOLE |  | 101000 | 0 | 0 |
| SILGAN HOLDINGS INC | COM | 827048109 | BBG001S6VPD9 | 8947584 | 172600 | SH |  | SOLE |  | 172600 | 0 | 0 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 | BBG009T22D67 | 2639700 | 22500 | SH |  | SOLE |  | 22500 | 0 | 0 |
| SNAP INC | CL A | 83304A106 | BBG00441QMK5 | 4251250 | 475000 | SH |  | SOLE |  | 475000 | 0 | 0 |
| SPLUNK INC | COM | 848637104 | BBG001TWMNG3 | 7662010 | 89000 | SH |  | SOLE |  | 89000 | 0 | 0 |
| SPS COMM INC | COM | 78463M107 | BBG001T65R07 | 13420935 | 104500 | SH |  | SOLE |  | 104500 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 3968000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 | BBG001S5W081 | 6095112 | 104422 | SH |  | SOLE |  | 104422 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 7914386 | 32371 | SH |  | SOLE |  | 32371 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG001S5VTR8 | 16796889 | 52607 | SH |  | SOLE |  | 52607 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 | BBG001SFQWB2 | 2026794 | 21400 | SH |  | SOLE |  | 21400 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 | BBG001SDK336 | 50828561 | 127100 | SH |  | SOLE |  | 127100 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 6124017 | 49716 | SH |  | SOLE |  | 49716 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 | BBG001SLR3C1 | 3783520 | 41600 | SH |  | SOLE |  | 41600 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 54518310 | 99000 | SH |  | SOLE |  | 99000 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 | BBG0077VS2G6 | 3818356 | 24400 | SH |  | SOLE |  | 24400 | 0 | 0 |
| TORO CO | COM | 891092108 | BBG001S5WX98 | 4256320 | 37600 | SH |  | SOLE |  | 37600 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 | BBG001SPV1C1 | 63342790 | 100600 | SH |  | SOLE |  | 100600 | 0 | 0 |
| TREX CO INC | COM | 89531P105 | BBG001SB6TV8 | 2709120 | 64000 | SH |  | SOLE |  | 64000 | 0 | 0 |
| TRINET GROUP INC | COM | 896288107 | BBG001SDZPT3 | 3756120 | 55400 | SH |  | SOLE |  | 55400 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 | BBG0029ZX859 | 4308480 | 88000 | SH |  | SOLE |  | 88000 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 | BBG001S5WZB0 | 33510328 | 103937 | SH |  | SOLE |  | 103937 | 0 | 0 |
| U S PHYSICAL THERAPY | COM | 90337L108 | BBG001S71ZL9 | 6304134 | 77800 | SH |  | SOLE |  | 77800 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 16571944 | 670115 | SH |  | SOLE |  | 670115 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 8919366 | 19015 | SH |  | SOLE |  | 19015 | 0 | 0 |
| UNIFIRST CORP MASS | COM | 904708104 | BBG001S5X2B2 | 3126438 | 16200 | SH |  | SOLE |  | 16200 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 33982896 | 164113 | SH |  | SOLE |  | 164113 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 | BBG001S5TFD6 | 2383500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 12128760 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 16415773 | 79013 | SH |  | SOLE |  | 79013 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 | BBG001TCM086 | 2158695 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| WALKER  DUNLOP INC | COM | 93148P102 | BBG001T0JGM5 | 3052872 | 38900 | SH |  | SOLE |  | 38900 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG001SKJ4K1 | 17163604 | 129478 | SH |  | SOLE |  | 129478 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 | BBG001S6N6Y7 | 7771686 | 53147 | SH |  | SOLE |  | 53147 | 0 | 0 |
| WINGSTOP INC | COM | 974155103 | BBG008N298X9 | 3000116 | 21800 | SH |  | SOLE |  | 21800 | 0 | 0 |
| WOODWARD INC | COM | 980745103 | BBG001S6YZC5 | 8984730 | 93000 | SH |  | SOLE |  | 93000 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 8533830 | 51000 | SH |  | SOLE |  | 51000 | 0 | 0 |
| WORKIVA INC | COM CL A | 98139A105 | BBG007BVZ8J7 | 6415308 | 76400 | SH |  | SOLE |  | 76400 | 0 | 0 |
| ZIFF DAVIS INC | COM | 48123V102 | BBG001SD21P6 | 3108630 | 39300 | SH |  | SOLE |  | 39300 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 3663750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |

---