# EDGAR Filing Document

**Accession Number:** 0001657111
**File Stem:** 0001657111-25-000004
**Filing Date:** 2025-8
**Character Count:** 17241
**Document Hash:** b784229ac73315ff7338c7554013b0bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001657111-25-000004.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001657111-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NS Partners Ltd
- **CENTRAL INDEX KEY:** 0001657111

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17035
- **FILM NUMBER:** 251192303

**BUSINESS ADDRESS:**
- **STREET 1:** SOUTHWEST HOUSE
- **STREET 2:** 11A REGENT STREET ST. JAMES'S
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1Y 4LR
- **BUSINESS PHONE:** 44 203 535 8111

**MAIL ADDRESS:**
- **STREET 1:** SOUTHWEST HOUSE
- **STREET 2:** 11A REGENT STREET ST. JAMES'S
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1Y 4LR

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** NS Partners Ltd<br>**Address:** SOUTHWEST HOUSE<br>11A REGENT STREET ST. JAMES'S<br>LONDON, X0 SW1Y 4LR

**Form 13F File Number:** 028-17035

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:** Smriti Duggal<br>**Title:** Chief Compliance Officer<br>**Phone:** 011 44 203 535 8100

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

Smriti Duggal  London, X0  08-07-2025<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:** 128

**Form 13F Information Table Value Total:** $2449387137

      (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 |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 25957714 | 67095 | SH |  | SOLE | 1 | 67095 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 47199 | 122 | SH |  | SOLE |  | 122 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 | BBG003PS7JV1 | 10840851 | 75221 | SH |  | SOLE | 1 | 75221 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 | BBG003PS7JV1 | 21618 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB30 | 118685440 | 669065 | SH |  | SOLE | 1 | 669065 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB30 | 222979 | 1257 | SH |  | SOLE |  | 1257 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 99128300 | 451836 | SH |  | SOLE | 1 | 451836 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 218951 | 998 | SH |  | SOLE |  | 998 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 | BBG000GXZ4W7 | 9896326 | 28177 | SH |  | SOLE | 1 | 28177 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 | BBG000GXZ4W7 | 40039 | 114 | SH |  | SOLE |  | 114 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 114208291 | 556652 | SH |  | SOLE | 1 | 556652 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 194091 | 946 | SH |  | SOLE |  | 946 | 0 | 0 |
| AUTODESK INC | COM | 052769106 | BBG000BM7HL0 | 20687634 | 66827 | SH |  | SOLE | 1 | 66827 | 0 | 0 |
| AUTODESK INC | COM | 052769106 | BBG000BM7HL0 | 46126 | 149 | SH |  | SOLE |  | 149 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG000JG0547 | 26991785 | 87522 | SH |  | SOLE | 1 | 87522 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG000JG0547 | 42868 | 139 | SH |  | SOLE |  | 139 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG000BCTLF6 | 22037303 | 465708 | SH |  | SOLE | 1 | 465708 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG000BCTLF6 | 38802 | 820 | SH |  | SOLE |  | 820 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG000BCZYD3 | 10496571 | 60938 | SH |  | SOLE | 1 | 60938 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG000BCZYD3 | 18775 | 109 | SH |  | SOLE |  | 109 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG000BLBVN4 | 30729286 | 5308 | SH |  | SOLE | 1 | 5308 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG000BLBVN4 | 57892 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG000C0LW92 | 38433983 | 357825 | SH |  | SOLE | 1 | 357825 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG000C0LW92 | 88721 | 826 | SH |  | SOLE |  | 826 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG000BMX289 | 31647466 | 447314 | SH |  | SOLE | 1 | 447314 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG000BMX289 | 52992 | 749 | SH |  | SOLE |  | 749 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG000J1QLT0 | 4581720 | 28164 | SH |  | SOLE | 1 | 28164 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 | BBG000D7JKW9 | 17203831 | 213978 | SH |  | SOLE | 1 | 213978 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 | BBG000D7JKW9 | 42130 | 524 | SH |  | SOLE |  | 524 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 | BBG000FKX7Z8 | 13549112 | 60617 | SH |  | SOLE | 1 | 60617 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG000FV1Z23 | 15501032 | 150891 | SH |  | SOLE | 1 | 150891 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG000FV1Z23 | 23114 | 225 | SH |  | SOLE |  | 225 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 | BBG000BRXP69 | 15712545 | 200902 | SH |  | SOLE | 1 | 200902 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 | BBG000BRXP69 | 31206 | 399 | SH |  | SOLE |  | 399 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 | BBG000BHPL78 | 24529399 | 94573 | SH |  | SOLE | 1 | 94573 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 | BBG000BHPL78 | 51615 | 199 | SH |  | SOLE |  | 199 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG000MBDGM6 | 24406611 | 30682 | SH |  | SOLE | 1 | 30682 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG000MBDGM6 | 36592 | 46 | SH |  | SOLE |  | 46 | 0 | 0 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 | BBG00MYXW4R8 | 8589505 | 69500 | SH |  | SOLE | 1 | 69500 | 0 | 0 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 | BBG011768M53 | 15178578 | 3017610 | SH |  | SOLE | 1 | 3017610 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 | BBG000F646H3 | 9720231 | 192900 | SH |  | SOLE | 1 | 192900 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | BBG000NWKS18 | 26971663 | 351789 | SH |  | SOLE | 1 | 351789 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG000BKZB36 | 1046391 | 2854 | SH |  | SOLE | 1 | 2854 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG000H556T9 | 20771964 | 89196 | SH |  | SOLE | 1 | 89196 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG000H556T9 | 33768 | 145 | SH |  | SOLE |  | 145 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 | BBG000DRM643 | 11292511 | 335687 | SH |  | SOLE | 1 | 335687 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 | BBG000BLRT07 | 20331040 | 37907 | SH |  | SOLE | 1 | 37907 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 | BBG000BLRT07 | 46662 | 87 | SH |  | SOLE |  | 87 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 | BBG000DSMS70 | 5033450 | 52756 | SH |  | SOLE | 1 | 52756 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 | BBG000DSMS70 | 6679 | 70 | SH |  | SOLE |  | 70 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG000BH5DV1 | 76923884 | 97665 | SH |  | SOLE | 1 | 97665 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG000BH5DV1 | 128384 | 163 | SH |  | SOLE |  | 163 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG000BJPDZ1 | 39145083 | 72036 | SH |  | SOLE | 1 | 72036 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG000BJPDZ1 | 87489 | 161 | SH |  | SOLE |  | 161 | 0 | 0 |
| ISHARES TR | MSCI SAUDI ARBIA | 46434V423 | BBG00B094395 | 377692 | 9800 | SH |  | SOLE | 1 | 9800 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG000DMBXR2 | 47076456 | 162383 | SH |  | SOLE | 1 | 162383 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG000DMBXR2 | 81175 | 280 | SH |  | SOLE |  | 280 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X561 | 10235858 | 489052 | SH |  | SOLE | 1 | 489052 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X561 | 22144 | 1058 | SH |  | SOLE |  | 1058 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG000FKJRC5 | 9458448 | 117060 | SH |  | SOLE | 1 | 117060 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG000FKJRC5 | 16241 | 201 | SH |  | SOLE |  | 201 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG000C1BW00 | 14961275 | 32304 | SH |  | SOLE | 1 | 32304 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG000C1BW00 | 23620 | 51 | SH |  | SOLE |  | 51 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG000BGD7W6 | 40032915 | 146528 | SH |  | SOLE | 1 | 146528 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG000BGD7W6 | 65297 | 239 | SH |  | SOLE |  | 239 | 0 | 0 |
| MASIMO CORP | COM | 574795100 | BBG000C3W281 | 7139761 | 42443 | SH |  | SOLE | 1 | 42443 | 0 | 0 |
| MASIMO CORP | COM | 574795100 | BBG000C3W281 | 20691 | 123 | SH |  | SOLE |  | 123 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 57459489 | 102252 | SH |  | SOLE | 1 | 102252 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 99463 | 177 | SH |  | SOLE |  | 177 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 | BBG000G6Y5W4 | 18937106 | 249764 | SH |  | SOLE | 1 | 249764 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 | BBG000G6Y5W4 | 30328 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG000BNSZP1 | 36116887 | 123616 | SH |  | SOLE | 1 | 123616 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG000BNSZP1 | 63109 | 216 | SH |  | SOLE |  | 216 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 122901580 | 166513 | SH |  | SOLE | 1 | 166513 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 287855 | 390 | SH |  | SOLE |  | 390 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 254606272 | 511864 | SH |  | SOLE | 1 | 511864 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 480995 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 | BBG008NVB1C0 | 21512956 | 343438 | SH |  | SOLE | 1 | 343438 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 | BBG008NVB1C0 | 46542 | 743 | SH |  | SOLE |  | 743 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG000F86GP6 | 36970694 | 73707 | SH |  | SOLE | 1 | 73707 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG000F86GP6 | 61194 | 122 | SH |  | SOLE |  | 122 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG000RTDY25 | 43325862 | 75122 | SH |  | SOLE | 1 | 75122 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG000RTDY25 | 76706 | 133 | SH |  | SOLE |  | 133 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG000BJSBJ0 | 32668150 | 470587 | SH |  | SOLE | 1 | 470587 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG000BJSBJ0 | 47761 | 688 | SH |  | SOLE |  | 688 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG000C5HS04 | 16587485 | 233495 | SH |  | SOLE | 1 | 233495 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG000C5HS04 | 34241 | 482 | SH |  | SOLE |  | 482 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG000BQ2C28 | 16225351 | 32452 | SH |  | SOLE | 1 | 32452 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG000BQ2C28 | 33499 | 67 | SH |  | SOLE |  | 67 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 236315280 | 1495761 | SH |  | SOLE | 1 | 1495761 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 499722 | 3163 | SH |  | SOLE |  | 3163 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXV6 | 14301323 | 192429 | SH |  | SOLE | 1 | 192429 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXV6 | 23114 | 311 | SH |  | SOLE |  | 311 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG000DH7JK6 | 2467564 | 18688 | SH |  | SOLE | 1 | 18688 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG000J2XL74 | 15834200 | 86939 | SH |  | SOLE | 1 | 86939 | 0 | 0 |
| QIFU TECHNOLOGY INC | AMERICAN DEP | 88557W101 | BBG00MDY4KL0 | 19106454 | 440647 | SH |  | SOLE | 1 | 440647 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 | BBG000J9CBT0 | 863608 | 14975 | SH |  | SOLE | 1 | 14975 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG000BP1Q11 | 42908224 | 81375 | SH |  | SOLE | 1 | 81375 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG000BP1Q11 | 68020 | 129 | SH |  | SOLE |  | 129 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 29163377 | 106947 | SH |  | SOLE | 1 | 106947 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 70627 | 259 | SH |  | SOLE |  | 259 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG000M1R011 | 24820935 | 24143 | SH |  | SOLE | 1 | 24143 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG000M1R011 | 57572 | 56 | SH |  | SOLE |  | 56 | 0 | 0 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 | BBG000BKK4S1 | 215147 | 6100 | SH |  | SOLE | 1 | 6100 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG000CTQBF3 | 16068970 | 175368 | SH |  | SOLE | 1 | 175368 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG000CTQBF3 | 30604 | 334 | SH |  | SOLE |  | 334 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG000DN7P92 | 43201609 | 109197 | SH |  | SOLE | 1 | 109197 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG000DN7P92 | 72400 | 183 | SH |  | SOLE |  | 183 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG000NDV1D4 | 46311788 | 194375 | SH |  | SOLE | 1 | 194375 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG000NDV1D4 | 79817 | 335 | SH |  | SOLE |  | 335 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 3537321 | 15618 | SH |  | SOLE | 1 | 15618 | 0 | 0 |
| TRANSUNION | COM | 89400J107 | BBG002Q7J5Z1 | 15006552 | 170529 | SH |  | SOLE | 1 | 170529 | 0 | 0 |
| TRANSUNION | COM | 89400J107 | BBG002Q7J5Z1 | 32648 | 371 | SH |  | SOLE |  | 371 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG000CH5208 | 39079234 | 125266 | SH |  | SOLE | 1 | 125266 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG000CH5208 | 66762 | 214 | SH |  | SOLE |  | 214 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 | BBG000BN5LG7 | 1016637 | 104700 | SH |  | SOLE | 1 | 104700 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 | BBG001CGB489 | 19703592 | 68420 | SH |  | SOLE | 1 | 68420 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 | BBG001CGB489 | 44925 | 156 | SH |  | SOLE |  | 156 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 | BBG000BGKHZ3 | 29590159 | 102459 | SH |  | SOLE | 1 | 102459 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 | BBG000BGKHZ3 | 51406 | 178 | SH |  | SOLE |  | 178 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 | BBG000BCZL41 | 37824511 | 121427 | SH |  | SOLE | 1 | 121427 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 | BBG000BCZL41 | 64792 | 208 | SH |  | SOLE |  | 208 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 58289979 | 164174 | SH |  | SOLE | 1 | 164174 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 98349 | 277 | SH |  | SOLE |  | 277 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG000BH3GZ2 | 25526969 | 172270 | SH |  | SOLE | 1 | 172270 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG000BH3GZ2 | 38082 | 257 | SH |  | SOLE |  | 257 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 26989799 | 173067 | SH |  | SOLE | 1 | 173067 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 51775 | 332 | SH |  | SOLE |  | 332 | 0 | 0 |

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