Nicolai Tangen - AKO Capital
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    27
Portfolio value:    $5,108,383,000
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
ALC - Alcon Inc. 13.62 Add 21.31% 9,324,656 $71.90 $695,604,000 $69.00 -4.03% $61.83 $92.10
AMZN - Amazon.com, Inc. 7.06 Reduce 0.37% 1,731,170 $196.59 $360,551,000 $247.31 25.80% $196.00 $278.56
V - Visa Inc. 7.02 Reduce 17.46% 1,186,931 $217.85 $358,738,000 $357.75 64.22% $293.28 $365.02
ADI - Analog Devices, Inc. 6.41 Reduce 17.51% 1,029,523 $210.39 $327,532,000 $386.01 83.47% $215.48 $445.91
RACE - Ferrari N.V. 6.08 Reduce 1.94% 926,523 $197.71 $310,801,000 $372.98 88.65% $308.94 $513.18
ICE - Intercontinental Exchange, Inc. 5.75 Reduce 10.39% 1,867,549 $116.45 $293,728,000 $137.67 18.23% $121.79 $186.96
GE - GE Aerospace 5.54 Reduce 10.14% 996,847 $92.39 $282,875,000 $353.42 282.55% $253.37 $382.49
MSFT - Microsoft Corp. 5.33 Reduce 27.97% 735,214 $300.59 $272,154,000 $390.99 30.07% $349.20 $551.05
WAT - Waters Corp. 4.76 Add 8.42% 816,929 $305.87 $243,281,000 $373.22 22.02% $275.05 $414.15
CSCO - Cisco Systems, Inc. 4.62 Reduce 2.25% 3,043,637 $77.03 $236,156,000 $119.25 54.81% $64.42 $129.88
MCO - Moody's Corp. 4.36 Reduce 30.65% 510,824 $341.11 $222,847,000 $495.72 45.33% $400.46 $544.40
CP - Canadian Pacific Kansas City Ltd. 4.23 Reduce 7.09% 2,747,795 $73.86 $216,142,000 $91.35 23.68% $68.13 $91.56
BKNG - Booking Holdings Inc. 4.11 Add 16.64% 1,248,075 $97.89 $210,192,000 $175.80 79.60% $149.76 $229.86
SUNB - Sunbelt Rentals Holdings, Inc. 4.06 Buy 3,185,284 $65.09 $207,330,000 $73.82 13.41% $60.40 $85.79
FICO - Fair Isaac Corp. 2.66 Add 12.79% 127,212 $653.34 $135,804,000 $1,278.25 95.65% $870.01 $1,998.01
WMB - The Williams Companies, Inc. 2.53 Buy 1,775,909 $72.78 $129,251,000 $74.46 2.31% $54.10 $79.49
SYK - Stryker Corp. 1.61 Buy 249,883 $328.59 $82,109,000 $331.45 0.87% $280.25 $400.79
MA - Mastercard Inc. 1.52 Add 55.42% 155,592 $545.48 $77,743,000 $537.70 -1.43% $463.74 $598.04
EFX - Equifax Inc. 1.42 Reduce 47.28% 403,774 $241.65 $72,708,000 $172.61 -28.57% $150.75 $269.54
APD - Air Products and Chemicals, Inc. 1.33 Buy 233,356 $290.49 $67,788,000 $301.96 3.95% $224.64 $314.87
CSL - Carlisle Companies Inc. 1.32 Buy 201,377 $333.62 $67,183,000 $333.20 -0.13% $291.67 $430.54
LIN - Linde plc 1.31 Add 899.04% 134,631 $484.44 $66,745,000 $524.06 8.18% $385.26 $548.20
CRM - Salesforce, Inc. 1.30 Add 13.50% 354,805 $259.53 $66,231,000 $171.22 -34.03% $146.32 $271.70
FLUT - Flutter Entertainment plc 0.97 Reduce 84.34% 487,027 $230.22 $49,652,000 $112.40 -51.18% $91.52 $313.68
MRSH - Marsh & McLennan Companies, Inc. 0.89 Reduce 82.39% 261,527 $202.10 $45,362,000 $181.53 -10.18% $156.60 $212.25
CPRT - Copart, Inc. 0.18 Reduce 95.44% 274,058 $49.12 $9,099,000 $27.45 -44.13% $27.29 $50.11
RELX - RELX PLC 0.02 Buy 23,447 $33.14 $777,000 $33.42 0.85% $27.04 $52.71
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Technology 20.32
Healthcare 19.99
Financial Services 19.54
Consumer Cyclical 18.23
Industrials 16.76
Basic Materials 2.63
Energy 2.53