Investor: Peter Bundgaard & Anders Lund
Number of Assets: 11
Reporting Period: Q1 - 2026
Holdings at Report: $2,937,463,664
Return Since Report: -$191,683,068
Return Since Report: -6.53%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| S&P Global Inc. (SPGI) | Equity | +163.53% | 880,640 | 12.75% | $425.34 | $410.92 | $374,571,418 | $361,872,589 | -$12,698,829 | -3.39% |
| Otis Worldwide Corp. (OTIS) | Equity | -6.21% | 4,388,045 | 11.51% | $77.08 | $73.27 | $338,230,509 | $321,512,057 | -$16,718,452 | -4.94% |
| Salesforce Inc. (CRM) | Equity | +33.88% | 720,685 | 4.58% | $186.67 | $151.78 | $134,530,269 | $109,385,569 | -$25,144,700 | -18.69% |
| Visa Inc. (V) | Equity | +28.64% | 590,202 | 6.07% | $302.24 | $327.24 | $178,382,652 | $193,137,702 | +$14,755,050 | +8.27% |
| Automatic Data Processing Inc. (ADP) | Equity | +6.17% | 1,178,347 | 8.15% | $203.18 | $218.41 | $239,416,543 | $257,362,768 | +$17,946,225 | +7.50% |
| Autozone Inc. (AZO) | Equity | +19.46% | 87,655 | 10.08% | $3,377.78 | $3,064.48 | $296,079,306 | $268,616,994 | -$27,462,312 | -9.28% |
| Arthur J. Gallagher & Co. (AJG) | Equity | +100% | 647,008 | 4.77% | $216.58 | $214.06 | $140,128,993 | $138,498,532 | -$1,630,461 | -1.16% |
| Mastercard Inc. (MA) | Equity | +7.52% | 448,662 | 7.63% | $499.66 | $489.79 | $224,178,455 | $219,750,161 | -$4,428,294 | -1.98% |
| Moody's Corp. (MCO) | Equity | +91.88% | 518,183 | 7.70% | $436.25 | $450.67 | $226,057,334 | $233,529,533 | +$7,472,199 | +3.31% |
| Yum China Holdings Inc. (YUMC) | Equity | -8.05% | 11,371,593 | 18.88% | $48.78 | $42.93 | $554,706,307 | $488,182,487 | -$66,523,820 | -11.99% |
| Zoetis Inc. (ZTS) | Equity | -1.06% | 1,955,688 | 7.87% | $118.21 | $78.71 | $231,181,878 | $153,932,202 | -$77,249,676 | -33.42% |