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

According to the SEC 13F filed on May 15, 2026, the AKO Capital portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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, Carlisle Companies Incorporated, RELX PLC PLC, Stryker Corporation, Williams Companies, Inc. (The)

Increases - Alcon, Booking Holdings Inc. Common St, Salesforce, Inc., Fair Isaac Corporation, Linde, and 2 more

Reductions - Analog Devices, Inc., Amazon.com, Inc., Canadian Pacific Kansas City Li, Copart, Inc., Cisco Systems, Inc., and 9 more

Complete Exits - Intuit 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	-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
Q1 2026	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+7,122	+16.6%	$210.19K	49,923
Q1 2026	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-209,566	-7.1%	$216.14K	2,747,795
Q1 2026	CPRT Copart, Inc.	Copart, Inc.	Sell	-5,736,076	-95.4%	$9.10K	274,058
Q1 2026	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+42,197	+13.5%	$66.23K	354,805
Q1 2026	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-70,069	-2.3%	$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	-362,181	-47.3%	$72.71K	403,774
Q1 2026	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy	+14,427	+12.8%	$135.80K	127,212
Q1 2026	FLUT Flutter Entertainment	Flutter Entertainment	Sell	-2,622,399	-84.3%	$49.65K	487,027
Q1 2026	GE GE Aerospace	GE Aerospace	Sell	-112,542	-10.1%	$282.88K	996,847
Q1 2026	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-216,636	-10.4%	$293.73K	1,867,549
Q1 2026	INTU Intuit Inc.	Intuit Inc.	Sell - Position Exit	-238,876	-100.0%	$0.00	-
Q1 2026	LIN Linde	Linde	Buy	+121,155	+899.0%	$66.75K	134,631
Q1 2026	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+55,483	+55.4%	$77.74K	155,592
Q1 2026	MCO Moody's Corporation	Moody's Corporation	Sell	-225,744	-30.6%	$222.85K	510,824
Q1 2026	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Sell	-1,223,333	-82.4%	$45.36K	261,527
Q1 2026	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-285,501	-28.0%	$272.15K	735,214
Q1 2026	RACE Ferrari	Ferrari	Sell	-18,344	-1.9%	$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	-251,036	-17.5%	$358.74K	1,186,931
Q1 2026	WAT Waters Corporation	Waters Corporation	Buy	+63,474	+8.4%	$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