Nicolai Tangen - AKO Capital 13F Activity & Position Changes (Q2 2025)

According to the SEC 13F filed on Aug 13, 2025, the AKO Capital portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2025. 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 2025, the filing reported:

New Buys - None reported

Increases - Analog Devices, Inc., Alcon, Amazon.com, Inc., Copart, Inc., Salesforce, Inc., and 7 more

Reductions - Booz Allen Hamilton Holding Cor, Booking Holdings Inc. Common St, Cadence Design Systems, Inc., GE Aerospace, Intercontinental Exchange Inc., and 7 more

Complete Exits - Accenture 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 2025	ACN Accenture plc	Accenture plc	Sell - Position Exit	-1,238,638	-100.0%	$0.00	-
Q2 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+24,143	+1.9%	$301.81K	1,267,990
Q2 2025	ALC Alcon	Alcon	Buy	+597,835	+8.4%	$681.45K	7,713,406
Q2 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+22,740	+1.6%	$320.45K	1,460,648
Q2 2025	BAH Booz Allen Hamilton Holding Cor	Booz Allen Hamilton Holding Cor	Sell	-3,439	-3.7%	$9.38K	90,033
Q2 2025	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-2,945	-4.1%	$400.08K	69,107
Q2 2025	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Sell	-5,602	-4.1%	$40.62K	131,807
Q2 2025	CPRT Copart, Inc.	Copart, Inc.	Buy	+259,830	+5.1%	$262.08K	5,340,975
Q2 2025	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+109,346	+30.4%	$127.96K	469,254
Q2 2025	EFX Equifax, Inc.	Equifax, Inc.	Buy	+148,915	+19.5%	$236.50K	911,820
Q2 2025	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy	+2,613	+1.7%	$280.18K	153,273
Q2 2025	FLUT Flutter Entertainment	Flutter Entertainment	Buy	+382,537	+14.8%	$847.50K	2,973,210
Q2 2025	GE GE Aerospace	GE Aerospace	Sell	-403,261	-16.4%	$531.00K	2,063,006
Q2 2025	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-90,770	-4.0%	$402.10K	2,191,657
Q2 2025	ILMN Illumina, Inc.	Illumina, Inc.	Sell	-355,760	-40.0%	$50.95K	533,954
Q2 2025	INTU Intuit Inc.	Intuit Inc.	Buy	+119,972	+21.6%	$532.27K	675,783
Q2 2025	LIN Linde	Linde	Sell	-3,038	-3.6%	$38.45K	81,953
Q2 2025	MCO Moody's Corporation	Moody's Corporation	Buy	+820	+0.1%	$415.09K	827,554
Q2 2025	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Sell	-339,530	-16.0%	$389.66K	1,782,200
Q2 2025	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+21,839	+1.7%	$632.98K	1,272,557
Q2 2025	RACE Ferrari	Ferrari	Buy	+60,988	+10.4%	$316.60K	646,106
Q2 2025	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell	-306,418	-92.1%	$10.71K	26,427
Q2 2025	V Visa Inc.	Visa Inc.	Sell	-132,600	-7.5%	$583.48K	1,643,373
Q2 2025	WAT Waters Corporation	Waters Corporation	Sell	-99,869	-11.3%	$274.81K	787,346
Q2 2025	ZTS Zoetis Inc.	Zoetis Inc.	Sell	-13,034	-0.9%	$235.63K	1,510,926