Nicolai Tangen - AKO Capital 13F Activity & Position Changes (Q1 2023)

As of Mar 31, 2023, the AKO Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Apr 25, 2023. 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 2023, the filing reported:

New Buys - Copart, Inc., United Rentals, Inc.

Increases - Alcon, ANSYS, Inc., Dollar General Corporation, Intuit Inc., Moody's Corporation, and 2 more

Reductions - Accenture plc, Adobe Inc., Booking Holdings Inc. Common St, Equifax, Inc., Estee Lauder Companies, Inc. (T, and 9 more

Complete Exits - Alphabet 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 2023	ACN Accenture plc	Accenture plc	Sell	-48,418	-2.5%	$534.84K	1,871,312
Q1 2023	ADBE Adobe Inc.	Adobe Inc.	Sell	-442,062	-67.1%	$83.50K	216,689
Q1 2023	ALC Alcon	Alcon	Buy	+972,228	+17.3%	$466.72K	6,604,162
Q1 2023	ANSS ANSYS, Inc.	ANSYS, Inc.	Buy	+88,786	+13.4%	$249.99K	751,160
Q1 2023	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-26,833	-7.2%	$916.29K	345,454
Q1 2023	CPRT Copart, Inc.	Copart, Inc.	Buy - Position Entry	+1,618,162	-	$121.70K	1,618,162
Q1 2023	DG Dollar General Corporation	Dollar General Corporation	Buy	+89,187	+9.5%	$215.53K	1,024,115
Q1 2023	EFX Equifax, Inc.	Equifax, Inc.	Sell	-387,024	-32.2%	$165.67K	816,735
Q1 2023	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-265,536	-30.4%	$150.09K	608,980
Q1 2023	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell	-17,307	-4.4%	$262.77K	373,951
Q1 2023	G0176J109 Allegion	Allegion	Sell	-280,225	-10.8%	$246.50K	2,309,553
Q1 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell - Position Exit	-3,511,205	-100.0%	$0.00	-
Q1 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-192,287	-4.4%	$435.39K	4,174,767
Q1 2023	INTU Intuit Inc.	Intuit Inc.	Buy	+77,568	+23.8%	$179.65K	402,964
Q1 2023	MAR Marriott International	Marriott International	Sell	-29,205	-4.4%	$105.33K	634,335
Q1 2023	MCO Moody's Corporation	Moody's Corporation	Buy	+203,808	+99.7%	$124.92K	408,217
Q1 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+486,111	+58.6%	$379.29K	1,315,623
Q1 2023	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Sell	-125,323	-4.4%	$227.97K	2,701,121
Q1 2023	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-44,855	-4.4%	$145.97K	981,695
Q1 2023	RACE Ferrari	Ferrari	Sell	-10,094	-1.1%	$255.13K	941,937
Q1 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell	-33,059	-5.1%	$354.06K	614,284
Q1 2023	URI United Rentals, Inc.	United Rentals, Inc.	Buy - Position Entry	+200,433	-	$79.32K	200,433
Q1 2023	V Visa Inc.	Visa Inc.	Sell	-183,589	-8.3%	$458.87K	2,035,255
Q1 2023	ZTS Zoetis Inc.	Zoetis Inc.	Buy	+93,218	+25.7%	$75.90K	456,040