Nicolai Tangen - AKO Capital 13F Activity & Position Changes (Q1 2024)

According to the SEC 13F filed on May 14, 2024, the AKO Capital portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2024. 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 2024, the filing reported:

New Buys - Analog Devices, Inc.

Increases - Copart, Inc., Estee Lauder Companies, Inc. (T, GE Aerospace, Intuit Inc., Marriott International, and 8 more

Reductions - Accenture plc, Alcon, Booking Holdings Inc. Common St, Cadence Design Systems, Inc., Equifax, Inc., and 8 more

Complete Exits - ANSYS, Inc., Allegion, United Rentals, 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 2024	ACN Accenture plc	Accenture plc	Sell	-687,202	-57.8%	$173.74K	501,245
Q1 2024	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy - Position Entry	+725,799	-	$143.56K	725,799
Q1 2024	ALC Alcon	Alcon	Sell	-100,907	-1.5%	$539.61K	6,496,157
Q1 2024	ANSS ANSYS, Inc.	ANSYS, Inc.	Sell - Position Exit	-971,461	-100.0%	$0.00	-
Q1 2024	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-30,360	-26.2%	$310.92K	85,703
Q1 2024	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Sell	-291,941	-48.5%	$96.67K	310,549
Q1 2024	CPRT Copart, Inc.	Copart, Inc.	Buy	+684,287	+32.3%	$162.26K	2,801,399
Q1 2024	EFX Equifax, Inc.	Equifax, Inc.	Sell	-2,816	-0.4%	$177.58K	663,812
Q1 2024	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Buy	+838,783	+44.8%	$417.72K	2,709,857
Q1 2024	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell	-30,148	-10.8%	$311.61K	249,362
Q1 2024	G0176J109 Allegion	Allegion	Sell - Position Exit	-234,045	-100.0%	$0.00	-
Q1 2024	GE GE Aerospace	GE Aerospace	Buy	+2,539	+0.1%	$432.49K	2,463,934
Q1 2024	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-537,045	-16.8%	$365.94K	2,662,714
Q1 2024	INTU Intuit Inc.	Intuit Inc.	Buy	+22,992	+4.6%	$339.57K	522,410
Q1 2024	LIN Linde	Linde	Sell	-198,227	-36.5%	$160.08K	344,766
Q1 2024	MAR Marriott International	Marriott International	Buy	+1,684	+0.6%	$65.86K	261,008
Q1 2024	MCO Moody's Corporation	Moody's Corporation	Sell	-24	-0.0%	$280.14K	712,769
Q1 2024	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+93,809	+7.9%	$262.63K	1,275,051
Q1 2024	MSCI MSCI Inc.	MSCI Inc.	Buy	+349,772	+384.3%	$247.04K	440,784
Q1 2024	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+2,677	+0.2%	$470.46K	1,118,229
Q1 2024	NKE Nike, Inc.	Nike, Inc.	Sell	-368,155	-19.7%	$140.81K	1,498,301
Q1 2024	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Sell	-709,471	-48.2%	$75.64K	761,938
Q1 2024	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Buy	+226,994	+28.9%	$164.35K	1,012,959
Q1 2024	RACE Ferrari	Ferrari	Sell	-8,636	-1.2%	$300.30K	688,968
Q1 2024	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Buy	+296,246	+180.7%	$267.46K	460,183
Q1 2024	URI United Rentals, Inc.	United Rentals, Inc.	Sell - Position Exit	-253,099	-100.0%	$0.00	-
Q1 2024	V Visa Inc.	Visa Inc.	Sell	-379,443	-23.0%	$354.29K	1,269,481
Q1 2024	WAT Waters Corporation	Waters Corporation	Buy	+66,841	+8.7%	$288.73K	838,763
Q1 2024	WMG Warner Music Group Corp.	Warner Music Group Corp.	Buy	+2,797,836	+75.0%	$215.53K	6,527,390
Q1 2024	ZTS Zoetis Inc.	Zoetis Inc.	Buy	+508,238	+41.4%	$293.60K	1,735,130