Nicolai Tangen - AKO Capital 13F Activity & Position Changes (Q2 2026)

According to the SEC 13F filed on Aug 12, 2026, the AKO Capital portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2026, the filing reported:

New Buys - None reported

Increases - Alcon, Air Products and Chemicals, Inc, Copart, Inc., Mastercard Incorporated

Reductions - Analog Devices, Inc., Amazon.com, Inc., Canadian Pacific Kansas City Li, Cisco Systems, Inc., Carlisle Companies Incorporated, and 12 more

Complete Exits - Booking Holdings Inc. Common St, Salesforce, Inc., Flutter Entertainment, Marsh & McLennan Companies, Inc, RELX PLC PLC

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2026	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-412,642	-40.1%	$245.01K	616,881
Q2 2026	ALC Alcon	Alcon	Buy	+358,348	+3.8%	$651.94K	9,683,004
Q2 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-589,335	-34.0%	$272.14K	1,141,835
Q2 2026	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+320,003	+137.1%	$162.23K	553,359
Q2 2026	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell - Position Exit	-49,923	-100.0%	$0.00	-
Q2 2026	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-321,768	-11.7%	$210.22K	2,426,027
Q2 2026	CPRT Copart, Inc.	Copart, Inc.	Buy	+382,509	+139.6%	$18.51K	656,567
Q2 2026	CRM Salesforce, Inc.	Salesforce, Inc.	Sell - Position Exit	-354,805	-100.0%	$0.00	-
Q2 2026	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-1,072,009	-35.2%	$231.59K	1,971,628
Q2 2026	CSL Carlisle Companies Incorporated	Carlisle Companies Incorporated	Sell	-9,963	-4.9%	$69.44K	191,414
Q2 2026	EFX Equifax, Inc.	Equifax, Inc.	Sell	-269,335	-66.7%	$21.34K	134,439
Q2 2026	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell	-23,593	-18.5%	$123.80K	103,619
Q2 2026	FLUT Flutter Entertainment	Flutter Entertainment	Sell - Position Exit	-487,027	-100.0%	$0.00	-
Q2 2026	GE GE Aerospace	GE Aerospace	Sell	-225,430	-22.6%	$288.30K	771,417
Q2 2026	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-864,039	-46.3%	$123.54K	1,003,510
Q2 2026	LIN Linde	Linde	Sell	-69,842	-51.9%	$33.62K	64,789
Q2 2026	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+34,349	+22.1%	$97.55K	189,941
Q2 2026	MCO Moody's Corporation	Moody's Corporation	Sell	-82,904	-16.2%	$193.81K	427,920
Q2 2026	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Sell - Position Exit	-261,527	-100.0%	$0.00	-
Q2 2026	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-106,990	-14.6%	$234.34K	628,224
Q2 2026	RACE Ferrari	Ferrari	Sell	-40,163	-4.3%	$328.94K	886,360
Q2 2026	RELX RELX PLC PLC	RELX PLC PLC	Sell - Position Exit	-23,447	-100.0%	$0.00	-
Q2 2026	SYK Stryker Corporation	Stryker Corporation	Sell	-229,259	-91.7%	$6.49K	20,624
Q2 2026	V Visa Inc.	Visa Inc.	Sell	-201,805	-17.0%	$337.99K	985,126
Q2 2026	WAT Waters Corporation	Waters Corporation	Sell	-613,573	-75.1%	$76.27K	203,356
Q2 2026	WMB Williams Companies, Inc. (The)	Williams Companies, Inc. (The)	Sell	-289,793	-16.3%	$110.48K	1,486,116
Q1 2026	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-218,486	-17.5%	$327.53K	1,029,523
Q1 2026	ALC Alcon	Alcon	Buy	+1,637,956	+21.3%	$695.60K	9,324,656
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-6,433	-0.4%	$360.55K	1,731,170
Q1 2026	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy - Position Entry	+233,356	-	$67.79K	233,356

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