Nicolai Tangen - AKO Capital 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 06, 2023, the AKO Capital portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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 Q3 2023, the filing reported:

New Buys - Cadence Design Systems, Inc., GE Aerospace, Waters Corporation, Warner Music Group Corp.

Increases - Alcon, ANSYS, Inc., Copart, Inc., Intuit Inc., Marsh & McLennan Companies, Inc, and 1 more

Reductions - Accenture plc, Booking Holdings Inc. Common St, Equifax, Inc., Estee Lauder Companies, Inc. (T, Fair Isaac Corporation, and 12 more

Complete Exits - Dollar General Corporation

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
Q3 2023	ACN Accenture plc	Accenture plc	Sell	-366,386	-20.2%	$444.93K	1,448,769
Q3 2023	ALC Alcon	Alcon	Buy	+5,560	+0.1%	$504.57K	6,524,694
Q3 2023	ANSS ANSYS, Inc.	ANSYS, Inc.	Buy	+54,576	+6.6%	$263.91K	886,953
Q3 2023	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-79,491	-37.7%	$404.49K	131,161
Q3 2023	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Buy - Position Entry	+618,403	-	$144.89K	618,403
Q3 2023	CPRT Copart, Inc.	Copart, Inc.	Buy	+3,043,292	+121.4%	$239.20K	5,551,110
Q3 2023	DG Dollar General Corporation	Dollar General Corporation	Sell - Position Exit	-450,666	-100.0%	$0.00	-
Q3 2023	EFX Equifax, Inc.	Equifax, Inc.	Sell	-272,276	-34.8%	$93.37K	509,736
Q3 2023	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-127,827	-21.7%	$66.81K	462,177
Q3 2023	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell	-6,756	-1.9%	$304.88K	351,024
Q3 2023	G0176J109 Allegion	Allegion	Sell	-973,692	-44.0%	$128.88K	1,236,845
Q3 2023	GE GE Aerospace	GE Aerospace	Buy - Position Entry	+1,947,026	-	$215.24K	1,947,026
Q3 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-501,795	-12.0%	$403.19K	3,664,664
Q3 2023	INTU Intuit Inc.	Intuit Inc.	Buy	+107,701	+22.8%	$295.92K	579,171
Q3 2023	LIN Linde	Linde	Sell	-646,532	-51.9%	$223.10K	599,172
Q3 2023	MAR Marriott International	Marriott International	Sell	-188,586	-41.5%	$52.28K	265,957
Q3 2023	MCO Moody's Corporation	Moody's Corporation	Sell	-14,068	-1.9%	$231.26K	731,429
Q3 2023	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+161,498	+22.6%	$166.94K	877,275
Q3 2023	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-94,066	-8.7%	$310.26K	982,616
Q3 2023	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Sell	-377,483	-14.6%	$177.28K	2,207,420
Q3 2023	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-17,596	-1.9%	$134.47K	921,946
Q3 2023	RACE Ferrari	Ferrari	Sell	-120,186	-12.9%	$239.03K	807,909
Q3 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell	-7,146	-2.1%	$171.30K	338,427
Q3 2023	URI United Rentals, Inc.	United Rentals, Inc.	Sell	-4,968	-1.9%	$115.47K	259,725
Q3 2023	V Visa Inc.	Visa Inc.	Sell	-36,303	-1.9%	$436.21K	1,896,466
Q3 2023	WAT Waters Corporation	Waters Corporation	Buy - Position Entry	+471,764	-	$129.36K	471,764
Q3 2023	WMG Warner Music Group Corp.	Warner Music Group Corp.	Buy - Position Entry	+2,036,295	-	$63.94K	2,036,295
Q3 2023	ZTS Zoetis Inc.	Zoetis Inc.	Buy	+535,270	+122.7%	$169.05K	971,655