# EDGAR Filing Document

**Accession Number:** 0001540826
**File Stem:** 0001540826-26-000001
**Filing Date:** 2026-2
**Character Count:** 19546
**Document Hash:** ebe0961ef58114208ada16cb67cdfcd4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001540826-26-000001.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0001540826-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260210

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EULAV Asset Management
- **CENTRAL INDEX KEY:** 0001540826

**ORGANIZATION NAME:**
- **EIN:** 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:** 26617849

**BUSINESS ADDRESS:**
- **STREET 1:** 1605 MAIN STREET
- **STREET 2:** SUITE 912
- **CITY:** SARASOTA
- **STATE:** FL
- **ZIP:** 34236
- **BUSINESS PHONE:** 212-907-1900

**MAIL ADDRESS:**
- **STREET 1:** 1605 MAIN STREET
- **STREET 2:** SUITE 912
- **CITY:** SARASOTA
- **STATE:** FL
- **ZIP:** 34236

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** EULAV Asset Management<br>**Address:** 1605 MAIN STREET<br>SUITE 912<br>SARASOTA, FL 34236

**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  SARASOTA, FL  02-10-2026<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:** 145

**Form 13F Information Table Value Total:** $3749042331

      (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 | 15898125 | 208500 | SH |  | SOLE |  | 208500 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 | BBG001S9KLL5 | 6780558 | 141823 | SH |  | SOLE |  | 141823 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 | BBG001SBG656 | 13321480 | 37000 | SH |  | SOLE |  | 37000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 41549182 | 194010 | SH |  | SOLE |  | 194010 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 6302940 | 43000 | SH |  | SOLE |  | 43000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 47576000 | 152000 | SH |  | SOLE |  | 152000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 38780761 | 168013 | SH |  | SOLE |  | 168013 | 0 | 0 |
| AMER STATES WTR CO | COM | 029899101 | BBG001S9T5Z6 | 4341552 | 59900 | SH |  | SOLE |  | 59900 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | BBG001S8JK86 | 68161223 | 498692 | SH |  | SOLE |  | 498692 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 | BBG008GC8CS3 | 12900210 | 55449 | SH |  | SOLE |  | 55449 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 8438386 | 31039 | SH |  | SOLE |  | 31039 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 | BBG001S5NK14 | 26216217 | 102100 | SH |  | SOLE |  | 102100 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 | BBG006HFPX86 | 35377571 | 52503 | SH |  | SOLE |  | 52503 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 | BBG001S78MT3 | 8455777 | 69332 | SH |  | SOLE |  | 69332 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 | BBG001SCBBM9 | 5392200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 33915000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BADGER METER INC | COM | 056525108 | BBG001S5P8Q2 | 15906192 | 91200 | SH |  | SOLE |  | 91200 | 0 | 0 |
| BALCHEM CORP | COM | 057665200 | BBG001S5P2R4 | 5536296 | 36100 | SH |  | SOLE |  | 36100 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 5225000 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 | BBG001S5P463 | 90837936 | 1295464 | SH |  | SOLE |  | 1295464 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 4778340 | 31000 | SH |  | SOLE |  | 31000 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 9645034 | 1801 | SH |  | SOLE |  | 1801 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 31505540 | 91030 | SH |  | SOLE |  | 91030 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | BBG001SR7MB9 | 19192620 | 86000 | SH |  | SOLE |  | 86000 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 | BBG001S5XFN0 | 35458530 | 444900 | SH |  | SOLE |  | 444900 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 | BBG001SF9NK1 | 93883253 | 176204 | SH |  | SOLE |  | 176204 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG001S65YK1 | 90429394 | 289300 | SH |  | SOLE |  | 289300 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 | BBG001S5Q6R4 | 6205284 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 | BBG001S5Q5M1 | 15427160 | 49000 | SH |  | SOLE |  | 49000 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 | BBG001S5PHZ2 | 96282082 | 174200 | SH |  | SOLE |  | 174200 | 0 | 0 |
| CAVCO INDS INC DEL | COM | 149568107 | BBG001SJQBM8 | 12937206 | 21900 | SH |  | SOLE |  | 21900 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 | BBG001S5YY67 | 36653253 | 397110 | SH |  | SOLE |  | 397110 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 | BBG001S679X0 | 15661826 | 36605 | SH |  | SOLE |  | 36605 | 0 | 0 |
| CHURCHILL DOWNS INC | COM | 171484108 | BBG001S67Z80 | 23878098 | 209862 | SH |  | SOLE |  | 209862 | 0 | 0 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 68764995 | 365635 | SH |  | SOLE |  | 365635 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 | BBG00ZGF7799 | 26458380 | 117000 | SH |  | SOLE |  | 117000 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 | BBG001SB1GG8 | 56658203 | 60708 | SH |  | SOLE |  | 60708 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 13247850 | 185000 | SH |  | SOLE |  | 185000 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 48377274 | 56100 | SH |  | SOLE |  | 56100 | 0 | 0 |
| CRANE NXT CO | COM | 224441105 | BBG017BXPZ94 | 3544371 | 75300 | SH |  | SOLE |  | 75300 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 16031592 | 34200 | SH |  | SOLE |  | 34200 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG001SPT759 | 3890703 | 56062 | SH |  | SOLE |  | 56062 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 3307260 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 3185560 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 | BBG0134WCMB3 | 2067600 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ECOLAB INC | COM | 278865100 | BBG001S5QRB5 | 5801692 | 22100 | SH |  | SOLE |  | 22100 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 10220207 | 9510 | SH |  | SOLE |  | 9510 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 11992921 | 19603 | SH |  | SOLE |  | 19603 | 0 | 0 |
| ENOVA INTL INC | COM | 29357K103 | BBG0022PSJT4 | 1886400 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ENPRO INC | COM | 29355X107 | BBG001SCK8H2 | 2826516 | 13200 | SH |  | SOLE |  | 13200 | 0 | 0 |
| ENSIGN GROUP INC | COM | 29358P101 | BBG001SPNL09 | 28237820 | 162100 | SH |  | SOLE |  | 162100 | 0 | 0 |
| EPLUS INC | COM | 294268107 | BBG001S99YL0 | 12190300 | 139000 | SH |  | SOLE |  | 139000 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 | BBG001SD42W4 | 23450935 | 535043 | SH |  | SOLE |  | 535043 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 | BBG001SKWX40 | 24787719 | 584065 | SH |  | SOLE |  | 584065 | 0 | 0 |
| EXPONENT INC | COM | 30214U102 | BBG001S9CG99 | 18205466 | 262100 | SH |  | SOLE |  | 262100 | 0 | 0 |
| FABRINET | SHS | G3323L100 | BBG001SP57F4 | 28546056 | 62700 | SH |  | SOLE |  | 62700 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 | BBG001S8ZT61 | 52240158 | 30900 | SH |  | SOLE |  | 30900 | 0 | 0 |
| FEDERAL SIGNAL CORP | COM | 313855108 | BBG001S5RD98 | 28432780 | 261836 | SH |  | SOLE |  | 261836 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 | BBG001S5R3W4 | 4279744 | 44800 | SH |  | SOLE |  | 44800 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 6573266 | 25400 | SH |  | SOLE |  | 25400 | 0 | 0 |
| GARTNER INC | COM | 366651107 | BBG001S5SD60 | 9134807 | 36209 | SH |  | SOLE |  | 36209 | 0 | 0 |
| GATX CORP | COM | 361448103 | BBG001S5RM34 | 16976960 | 100100 | SH |  | SOLE |  | 100100 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 | BBG001SJT2Y2 | 8420400 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 5282011 | 6009 | SH |  | SOLE |  | 6009 | 0 | 0 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 | BBG001S5RNK3 | 11018300 | 28015 | SH |  | SOLE |  | 28015 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 | BBG001S5RVC4 | 107981012 | 333697 | SH |  | SOLE |  | 333697 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH49 | 3164363 | 11016 | SH |  | SOLE |  | 11016 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 | BBG001S5S4Y9 | 85390264 | 126218 | SH |  | SOLE |  | 126218 | 0 | 0 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 | BBG001S7LHJ0 | 725898 | 8910 | SH |  | SOLE |  | 8910 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 | BBG001S9SKW7 | 14097240 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | BBG001SQ4YC7 | 4126091 | 64159 | SH |  | SOLE |  | 64159 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 26696353 | 164833 | SH |  | SOLE |  | 164833 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 18156932 | 27410 | SH |  | SOLE |  | 27410 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 69652366 | 309003 | SH |  | SOLE |  | 309003 | 0 | 0 |
| J  J SNACK FOODS CORP | COM | 466032109 | BBG001S5SH98 | 1879696 | 20800 | SH |  | SOLE |  | 20800 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 4188860 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| KADANT INC | COM | 48282T104 | BBG001S8PRM8 | 10203716 | 35800 | SH |  | SOLE |  | 35800 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 | BBG001S5SST2 | 81917346 | 168700 | SH |  | SOLE |  | 168700 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 | BBG004M9ZHY4 | 3877022 | 200156 | SH |  | SOLE |  | 200156 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 | BBG001T4BB37 | 14909239 | 87046 | SH |  | SOLE |  | 87046 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 | BBG001SNKQ42 | 28534660 | 49000 | SH |  | SOLE |  | 49000 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 | BBG001S5T7M4 | 24488640 | 132000 | SH |  | SOLE |  | 132000 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 16355309 | 28649 | SH |  | SOLE |  | 28649 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 | BBG0065B7K40 | 18263735 | 32518 | SH |  | SOLE |  | 32518 | 0 | 0 |
| MERIT MED SYS INC | COM | 589889104 | BBG001S6KLT3 | 13926120 | 158000 | SH |  | SOLE |  | 158000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 51490352 | 78005 | SH |  | SOLE |  | 78005 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | BBG001SB87G1 | 19658079 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 15129870 | 53011 | SH |  | SOLE |  | 53011 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 29032885 | 60032 | SH |  | SOLE |  | 60032 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 | BBG001SDRGP6 | 70407871 | 77682 | SH |  | SOLE |  | 77682 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 67502652 | 176100 | SH |  | SOLE |  | 176100 | 0 | 0 |
| MSA SAFETY INC | COM | 553498106 | BBG001S5TCN2 | 12426864 | 77600 | SH |  | SOLE |  | 77600 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG001SV8B05 | 106700085 | 185976 | SH |  | SOLE |  | 185976 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 25596480 | 273000 | SH |  | SOLE |  | 273000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 59516134 | 319121 | SH |  | SOLE |  | 319121 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG001S78TL6 | 8208900 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 12305440 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| POOL CORP | COM | 73278L105 | BBG001S5VBK4 | 33457204 | 146261 | SH |  | SOLE |  | 146261 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 | BBG001WTBC45 | 22288726 | 225025 | SH |  | SOLE |  | 225025 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 | BBG001T5ZSQ6 | 12246264 | 47400 | SH |  | SOLE |  | 47400 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 5761316 | 25300 | SH |  | SOLE |  | 25300 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 1201524 | 7024 | SH |  | SOLE |  | 7024 | 0 | 0 |
| QUALYS INC | COM | 74758T303 | BBG001SYH860 | 2885791 | 21714 | SH |  | SOLE |  | 21714 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 | BBG001SNYTV1 | 40851973 | 91100 | SH |  | SOLE |  | 91100 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 | BBG001S9DL33 | 64766444 | 305603 | SH |  | SOLE |  | 305603 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 | BBG00741Y1P0 | 11628900 | 590000 | SH |  | SOLE |  | 590000 | 0 | 0 |
| RLI CORP | COM | 749607107 | BBG001S5VQ58 | 26487720 | 414000 | SH |  | SOLE |  | 414000 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 | BBG008NMBXP6 | 28501200 | 252000 | SH |  | SOLE |  | 252000 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 | BBG001ZZPQM2 | 12801820 | 118000 | SH |  | SOLE |  | 118000 | 0 | 0 |
| ROLLINS INC | COM | 775711104 | BBG001S5VRG4 | 19488302 | 324697 | SH |  | SOLE |  | 324697 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG001S9B362 | 60390342 | 135669 | SH |  | SOLE |  | 135669 | 0 | 0 |
| RUSH ENTERPRISES INC | CL A | 781846209 | BBG001SKX0D1 | 14892834 | 276100 | SH |  | SOLE |  | 276100 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 29887967 | 57192 | SH |  | SOLE |  | 57192 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 17752695 | 67014 | SH |  | SOLE |  | 67014 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 | BBG003BW05L5 | 5999336 | 59600 | SH |  | SOLE |  | 59600 | 0 | 0 |
| SELECTIVE INS GROUP INC | COM | 816300107 | BBG001S5W2R6 | 9219848 | 110193 | SH |  | SOLE |  | 110193 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 48457061 | 316320 | SH |  | SOLE |  | 316320 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 12877600 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 | BBG001SB9QN0 | 7136974 | 44200 | SH |  | SOLE |  | 44200 | 0 | 0 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 | BBG009T22D67 | 6365016 | 51100 | SH |  | SOLE |  | 51100 | 0 | 0 |
| SPX TECHNOLOGIES INC | COM | 78473E103 | BBG001S5W9N5 | 23306990 | 116500 | SH |  | SOLE |  | 116500 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 | BBG001S5W081 | 13075723 | 104422 | SH |  | SOLE |  | 104422 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 | BBG001SC7PX1 | 20969100 | 138000 | SH |  | SOLE |  | 138000 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 35784215 | 101813 | SH |  | SOLE |  | 101813 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG001S5VTR8 | 6012416 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 | BBG001SFQWB2 | 3214922 | 21400 | SH |  | SOLE |  | 21400 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 | BBG001SDK336 | 54392745 | 106500 | SH |  | SOLE |  | 106500 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 26533480 | 59000 | SH |  | SOLE |  | 59000 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 | BBG001SLR3C1 | 6905600 | 41600 | SH |  | SOLE |  | 41600 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 17035830 | 29400 | SH |  | SOLE |  | 29400 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 | BBG0077VS2G6 | 15185716 | 36400 | SH |  | SOLE |  | 36400 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 18681600 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 | BBG001SPV1C1 | 39439361 | 29657 | SH |  | SOLE |  | 29657 | 0 | 0 |
| TRINET GROUP INC | COM | 896288107 | BBG001SDZPT3 | 3742929 | 63300 | SH |  | SOLE |  | 63300 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 | BBG001S5WZB0 | 113070774 | 249082 | SH |  | SOLE |  | 249082 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 30722960 | 376000 | SH |  | SOLE |  | 376000 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 9973920 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 18240936 | 52011 | SH |  | SOLE |  | 52011 | 0 | 0 |
| WALKER  DUNLOP INC | COM | 93148P102 | BBG001T0JGM5 | 517290 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG001SKJ4K1 | 103587432 | 590713 | SH |  | SOLE |  | 590713 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 | BBG001S6N6Y7 | 31647355 | 114656 | SH |  | SOLE |  | 114656 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 | BBG001S5XK22 | 28784046 | 104616 | SH |  | SOLE |  | 104616 | 0 | 0 |
| WINGSTOP INC | COM | 974155103 | BBG008N298X9 | 5199082 | 21800 | SH |  | SOLE |  | 21800 | 0 | 0 |
| WOODWARD INC | COM | 980745103 | BBG001S6YZC5 | 52607006 | 174011 | SH |  | SOLE |  | 174011 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 9665100 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |

---