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

According to the SEC 13F filed on Feb 15, 2024, the AKO Capital portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 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