AKO Capital (Nicolai Tangen) latest 13F portfolio: 27 holdings worth $5.1B as of Q1 2026.
Backtested since 2020: mirroring AKO Capital's reported 13F equity holdings each quarter would have returned +89.6% versus +191.8%for the S&P 500 (+10.8% annualized). See the Performance tab for the full equity curve.
Investor: Nicolai Tangen
Number of Assets: 27
Reporting Period: Q1 - 2026
Holdings at Report: $5,108,383,000
Return $ Since Report: +$594,027,636
Return % Since Report: +11.63%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Air Products And Chemicals Inc. (APD) | Equity | +100% | 233,356 | 1.33% | $290.49 | $295.09 | $67,788,000 | $68,861,022 | +$1,073,022 | +1.58% |
| Cisco Systems Inc. (CSCO) | Equity | -2.25% | 3,043,637 | 4.62% | $77.59 | $121.50 | $236,156,000 | $369,801,896 | +$133,645,895 | +56.59% |
| Copart Inc. (CPRT) | Equity | -95.44% | 274,058 | 0.18% | $33.20 | $28.91 | $9,099,000 | $7,923,017 | -$1,175,983 | -12.92% |
| Ferrari N.V. (RACE) | Equity | -1.94% | 926,523 | 6.08% | $335.45 | $406.80 | $310,801,000 | $376,909,556 | +$66,108,556 | +21.27% |
| Linde PLC (LIN) | Equity | +899.04% | 134,631 | 1.31% | $495.76 | $491.05 | $66,745,000 | $66,110,553 | -$634,447 | -0.95% |
| Salesforce Inc. (CRM) | Equity | +13.50% | 354,805 | 1.30% | $186.67 | $192.98 | $66,231,000 | $68,470,269 | +$2,239,269 | +3.38% |
| Visa Inc. (V) | Equity | -17.46% | 1,186,931 | 7.02% | $302.24 | $368.54 | $358,738,000 | $437,431,551 | +$78,693,551 | +21.94% |
| Booking Holdings Inc. (BKNG) | Equity | +16.64% | 49,923 | 4.11% | $4,210.32 | $207.02 | $210,192,000 | $10,335,059 | -$199,856,941 | -95.08% |
| Carlisle Companies Inc. (CSL) | Equity | +100% | 201,377 | 1.32% | $333.62 | $385.32 | $67,183,000 | $77,594,586 | +$10,411,586 | +15.50% |
| Moody's Corp. (MCO) | Equity | -30.65% | 510,824 | 4.36% | $436.25 | $483.98 | $222,847,000 | $247,228,600 | +$24,381,600 | +10.94% |
| Stryker Corp. (SYK) | Equity | +100% | 249,883 | 1.61% | $328.59 | $337.03 | $82,109,000 | $84,218,067 | +$2,109,067 | +2.57% |
| Alcon Inc. (ALC) | Equity | +21.31% | 9,324,656 | 13.62% | $74.60 | $70.57 | $695,604,000 | $658,040,974 | -$37,563,026 | -5.40% |
| Amazon.com Inc. (AMZN) | Equity | -0.37% | 1,731,170 | 7.06% | $208.27 | $272.65 | $360,551,000 | $472,003,501 | +$111,452,500 | +30.91% |
| Analog Devices Inc. (ADI) | Equity | -17.51% | 1,029,523 | 6.41% | $318.14 | $377.69 | $327,532,000 | $388,840,542 | +$61,308,542 | +18.72% |
| Fair Isaac Corp. (FICO) | Equity | +12.79% | 127,212 | 2.66% | $1,067.54 | $1,091.55 | $135,804,000 | $138,858,259 | +$3,054,259 | +2.25% |
| Flutter Entertainment PLC (FLUT) | Equity | -84.34% | 487,027 | 0.97% | $101.95 | $92.91 | $49,652,000 | $45,249,679 | -$4,402,321 | -8.87% |
| GE Aerospace (GE) | Equity | -10.14% | 996,847 | 5.54% | $283.77 | $381.22 | $282,875,000 | $380,018,013 | +$97,143,013 | +34.34% |
| Microsoft Corp. (MSFT) | Equity | -27.97% | 735,214 | 5.33% | $370.17 | $487.46 | $272,154,000 | $358,387,416 | +$86,233,416 | +31.69% |
| Sunbelt Rentals Holdings INC (SUNB) | Equity | +100% | 3,185,284 | 4.06% | $65.09 | $79.90 | $207,330,000 | $254,504,192 | +$47,174,192 | +22.75% |
| The Williams Companies Inc. (WMB) | Equity | +100% | 1,775,909 | 2.53% | $72.78 | $71.81 | $129,251,000 | $127,528,025 | -$1,722,975 | -1.33% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -7.09% | 2,747,795 | 4.23% | $78.66 | $91.45 | $216,142,000 | $251,285,853 | +$35,143,853 | +16.26% |
| Equifax Inc. (EFX) | Equity | -47.28% | 403,774 | 1.42% | $180.07 | $177.37 | $72,708,000 | $71,617,394 | -$1,090,606 | -1.50% |
| Intercontinental Exchange Inc. (ICE) | Equity | -10.39% | 1,867,549 | 5.75% | $157.28 | $149.84 | $293,728,000 | $279,833,542 | -$13,894,458 | -4.73% |
| Mastercard Inc. (MA) | Equity | +55.42% | 155,592 | 1.52% | $499.66 | $570.48 | $77,743,000 | $88,762,124 | +$11,019,124 | +14.17% |
| Relx PLC (RELX) | Equity | +100% | 23,447 | 0.02% | $33.14 | $36.61 | $777,000 | $858,395 | +$81,395 | +10.48% |
| Waters Corp. (WAT) | Equity | +8.42% | 816,929 | 4.76% | $297.80 | $400.00 | $243,281,000 | $326,771,600 | +$83,490,600 | +34.32% |
| Marsh & Mclennan Companies Inc. (MMC) | Equity | -82.39% | 261,527 | 0.89% | $173.45 | $171.94 | $45,362,000 | $44,966,952 | -$395,048 | -0.87% |