Nicolai Tangen - AKO Capital 13F Activity & Position Changes (Q4 2023)

As of Dec 31, 2023, the AKO Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 15, 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 Q4 2023, the filing reported:

New Buys - MSCI Inc., Nike, Inc.

Increases - Alcon, ANSYS, Inc., Equifax, Inc., Estee Lauder Companies, Inc. (T, GE Aerospace, and 5 more

Reductions - Accenture plc, Booking Holdings Inc. Common St, Cadence Design Systems, Inc., Copart, Inc., Fair Isaac Corporation, and 12 more

Complete Exits - None reported

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
Q4 2023	ACN Accenture plc	Accenture plc	Sell	-260,322	-18.0%	$417.04K	1,188,447
Q4 2023	ALC Alcon	Alcon	Buy	+72,370	+1.1%	$515.32K	6,597,064
Q4 2023	ANSS ANSYS, Inc.	ANSYS, Inc.	Buy	+84,508	+9.5%	$352.52K	971,461
Q4 2023	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-15,098	-11.5%	$411.70K	116,063
Q4 2023	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Sell	-15,913	-2.6%	$164.10K	602,490
Q4 2023	CPRT Copart, Inc.	Copart, Inc.	Sell	-3,433,998	-61.9%	$103.74K	2,117,112
Q4 2023	EFX Equifax, Inc.	Equifax, Inc.	Buy	+156,892	+30.8%	$164.85K	666,628
Q4 2023	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Buy	+1,408,897	+304.8%	$273.64K	1,871,074
Q4 2023	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell	-71,514	-20.4%	$325.35K	279,510
Q4 2023	G0176J109 Allegion	Allegion	Sell	-1,002,800	-81.1%	$29.65K	234,045
Q4 2023	GE GE Aerospace	GE Aerospace	Buy	+514,369	+26.4%	$314.15K	2,461,395
Q4 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-464,905	-12.7%	$410.94K	3,199,759
Q4 2023	INTU Intuit Inc.	Intuit Inc.	Sell	-79,753	-13.8%	$312.15K	499,418
Q4 2023	LIN Linde	Linde	Sell	-56,179	-9.4%	$223.01K	542,993
Q4 2023	MAR Marriott International	Marriott International	Sell	-6,633	-2.5%	$58.48K	259,324
Q4 2023	MCO Moody's Corporation	Moody's Corporation	Sell	-18,636	-2.5%	$278.39K	712,793
Q4 2023	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+303,967	+34.6%	$223.81K	1,181,242
Q4 2023	MSCI MSCI Inc.	MSCI Inc.	Buy - Position Entry	+91,012	-	$51.48K	91,012
Q4 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+132,936	+13.5%	$419.49K	1,115,552
Q4 2023	NKE Nike, Inc.	Nike, Inc.	Buy - Position Entry	+1,866,456	-	$202.64K	1,866,456
Q4 2023	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Sell	-736,011	-33.3%	$131.65K	1,471,409
Q4 2023	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-135,981	-14.7%	$115.17K	785,965
Q4 2023	RACE Ferrari	Ferrari	Sell	-110,305	-13.7%	$235.67K	697,604
Q4 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell	-174,490	-51.6%	$87.02K	163,937
Q4 2023	URI United Rentals, Inc.	United Rentals, Inc.	Sell	-6,626	-2.6%	$145.13K	253,099
Q4 2023	V Visa Inc.	Visa Inc.	Sell	-247,542	-13.1%	$429.30K	1,648,924
Q4 2023	WAT Waters Corporation	Waters Corporation	Buy	+300,158	+63.6%	$254.14K	771,922
Q4 2023	WMG Warner Music Group Corp.	Warner Music Group Corp.	Buy	+1,693,259	+83.2%	$133.48K	3,729,554
Q4 2023	ZTS Zoetis Inc.	Zoetis Inc.	Buy	+255,237	+26.3%	$242.15K	1,226,892