Nicolai Tangen - AKO Capital 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the AKO Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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 Q1 2026, the filing reported:

New Buys - Air Products and Chemicals, Inc, Cisco Systems, Inc., Carlisle Companies Incorporated, Mastercard Incorporated, RELX PLC PLC, and 2 more

Increases - Alcon, Canadian Pacific Kansas City Li, Salesforce, Inc., Fair Isaac Corporation, Linde, and 2 more

Reductions - Analog Devices, Inc., Amazon.com, Inc., Booking Holdings Inc. Common St, Copart, Inc., Equifax, Inc., and 7 more

Complete Exits - Booz Allen Hamilton Holding Cor, Cadence Design Systems, Inc., Intuit Inc., Zoetis Inc.

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
Q1 2026	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-193,624	-15.8%	$327.53K	1,029,523
Q1 2026	ALC Alcon	Alcon	Buy	+1,350,292	+16.9%	$695.60K	9,324,656
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-76,863	-4.3%	$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
Q1 2026	BAH Booz Allen Hamilton Holding Cor	Booz Allen Hamilton Holding Cor	Sell - Position Exit	-86,866	-100.0%	$0.00	-
Q1 2026	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-14,695	-22.7%	$210.19K	49,923
Q1 2026	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Sell - Position Exit	-168,767	-100.0%	$0.00	-
Q1 2026	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Buy	+1,948,235	+243.7%	$216.14K	2,747,795
Q1 2026	CPRT Copart, Inc.	Copart, Inc.	Sell	-5,253,187	-95.0%	$9.10K	274,058
Q1 2026	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+28,677	+8.8%	$66.23K	354,805
Q1 2026	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy - Position Entry	+3,043,637	-	$236.16K	3,043,637
Q1 2026	CSL Carlisle Companies Incorporated	Carlisle Companies Incorporated	Buy - Position Entry	+201,377	-	$67.18K	201,377
Q1 2026	EFX Equifax, Inc.	Equifax, Inc.	Sell	-534,574	-57.0%	$72.71K	403,774
Q1 2026	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy	+3,566	+2.9%	$135.80K	127,212
Q1 2026	FLUT Flutter Entertainment	Flutter Entertainment	Sell	-2,633,089	-84.4%	$49.65K	487,027
Q1 2026	GE GE Aerospace	GE Aerospace	Sell	-324,029	-24.5%	$282.88K	996,847
Q1 2026	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-216,452	-10.4%	$293.73K	1,867,549
Q1 2026	INTU Intuit Inc.	Intuit Inc.	Sell - Position Exit	-674,425	-100.0%	$0.00	-
Q1 2026	LIN Linde	Linde	Buy	+55,546	+70.2%	$66.75K	134,631
Q1 2026	MA Mastercard Incorporated	Mastercard Incorporated	Buy - Position Entry	+155,592	-	$77.74K	155,592
Q1 2026	MCO Moody's Corporation	Moody's Corporation	Sell	-256,319	-33.4%	$222.85K	510,824
Q1 2026	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Sell	-1,538,226	-85.5%	$45.36K	261,527
Q1 2026	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-333,782	-31.2%	$272.15K	735,214
Q1 2026	RACE Ferrari	Ferrari	Buy	+293,563	+46.4%	$310.80K	926,523
Q1 2026	RELX RELX PLC PLC	RELX PLC PLC	Buy - Position Entry	+23,447	-	$777.00	23,447
Q1 2026	SYK Stryker Corporation	Stryker Corporation	Buy - Position Entry	+249,883	-	$82.11K	249,883
Q1 2026	V Visa Inc.	Visa Inc.	Sell	-397,926	-25.1%	$358.74K	1,186,931
Q1 2026	WAT Waters Corporation	Waters Corporation	Buy	+9,981	+1.2%	$243.28K	816,929
Q1 2026	WMB Williams Companies, Inc. (The)	Williams Companies, Inc. (The)	Buy - Position Entry	+1,775,909	-	$129.25K	1,775,909
Q1 2026	ZTS Zoetis Inc.	Zoetis Inc.	Sell - Position Exit	-683,704	-100.0%	$0.00	-

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