AKO Capital (Nicolai Tangen) latest 13F portfolio: 22 holdings worth $4.3B as of Q2 2026.
Backtested since 2020: mirroring AKO Capital's reported 13F equity holdings each quarter would have returned +81.2% versus +194.0%for the S&P 500 (+9.8% annualized). See the Performance tab for the full equity curve.
Investor: Nicolai Tangen
Number of Assets: 22
Reporting Period: Q2 - 2026
Holdings at Report: $4,292,009,000
Return $ Since Report: +$78,150,595
Return % Since Report: +1.82%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Air Products And Chemicals Inc. (APD) | Equity | +137.13% | 553,359 | 3.78% | $293.18 | $279.46 | $162,234,000 | $154,641,706 | -$7,592,294 | -4.68% |
| Carlisle Companies Inc. (CSL) | Equity | -4.95% | 191,414 | 1.62% | $362.75 | $317.85 | $69,435,000 | $60,840,940 | -$8,594,060 | -12.38% |
| Ferrari N.V. (RACE) | Equity | -4.33% | 886,360 | 7.66% | $371.11 | $416.13 | $328,940,000 | $368,840,987 | +$39,900,987 | +12.13% |
| Microsoft Corp. (MSFT) | Equity | -14.55% | 628,224 | 5.46% | $373.02 | $501.61 | $234,340,000 | $315,123,441 | +$80,783,441 | +34.47% |
| Visa Inc. (V) | Equity | -17.00% | 985,126 | 7.87% | $343.09 | $369.95 | $337,987,000 | $364,447,364 | +$26,460,364 | +7.83% |
| Alcon Inc. (ALC) | Equity | +3.84% | 9,683,004 | 15.19% | $67.33 | $64.87 | $651,941,000 | $628,136,469 | -$23,804,531 | -3.65% |
| Cisco Systems Inc. (CSCO) | Equity | -35.22% | 1,971,628 | 5.40% | $117.46 | $111.46 | $231,587,000 | $219,757,657 | -$11,829,343 | -5.11% |
| GE Aerospace (GE) | Equity | -22.61% | 771,417 | 6.72% | $373.73 | $319.01 | $288,302,000 | $246,089,737 | -$42,212,263 | -14.64% |
| Moody's Corp. (MCO) | Equity | -16.23% | 427,920 | 4.52% | $452.92 | $467.22 | $193,814,000 | $199,932,782 | +$6,118,782 | +3.16% |
| Waters Corp. (WAT) | Equity | -75.11% | 203,356 | 1.78% | $375.04 | $423.92 | $76,267,000 | $86,206,676 | +$9,939,676 | +13.03% |
| Amazon.com Inc. (AMZN) | Equity | -34.04% | 1,141,835 | 6.34% | $238.34 | $258.45 | $272,145,000 | $295,107,256 | +$22,962,256 | +8.44% |
| Copart Inc. (CPRT) | Equity | +139.57% | 656,567 | 0.43% | $28.19 | $28.91 | $18,509,000 | $18,981,352 | +$472,352 | +2.55% |
| Intercontinental Exchange Inc. (ICE) | Equity | -46.27% | 1,003,510 | 2.88% | $123.11 | $155.37 | $123,542,000 | $155,915,349 | +$32,373,349 | +26.20% |
| Stryker Corp. (SYK) | Equity | -91.75% | 20,624 | 0.15% | $314.83 | $274.19 | $6,493,000 | $5,654,895 | -$838,105 | -12.91% |
| Analog Devices Inc. (ADI) | Equity | -40.08% | 616,881 | 5.71% | $397.17 | $383.00 | $245,007,000 | $236,265,423 | -$8,741,577 | -3.57% |
| Equifax Inc. (EFX) | Equity | -66.70% | 134,439 | 0.50% | $158.72 | $158.62 | $21,338,000 | $21,324,714 | -$13,286 | -0.06% |
| Linde PLC (LIN) | Equity | -51.88% | 64,789 | 0.78% | $518.95 | $457.50 | $33,622,000 | $29,640,968 | -$3,981,033 | -11.84% |
| Sunbelt Rentals Holdings INC (SUNB) | Equity | +90.72% | 6,074,817 | 10.59% | $74.81 | $72.85 | $454,457,000 | $442,550,418 | -$11,906,582 | -2.62% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -11.71% | 2,426,027 | 4.90% | $86.65 | $86.81 | $210,215,000 | $210,603,404 | +$388,404 | +0.18% |
| Fair Isaac Corp. (FICO) | Equity | -18.55% | 103,619 | 2.88% | $1,194.78 | $924.52 | $123,802,000 | $95,797,838 | -$28,004,162 | -22.62% |
| Mastercard Inc. (MA) | Equity | +22.08% | 189,941 | 2.27% | $513.60 | $567.65 | $97,554,000 | $107,820,009 | +$10,266,009 | +10.52% |
| The Williams Companies Inc. (WMB) | Equity | -16.32% | 1,486,116 | 2.57% | $74.34 | $71.65 | $110,478,000 | $106,480,211 | -$3,997,789 | -3.62% |