AKO Capital

Q3 2020 13F · by Patrick Hargreaves, CEO

As of: Sep 30, 2020
Filed: Nov 2, 2020
US stock: $6.4B · prev $5.7B
Positions: 25 · prev 24
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves27 since the prior filing

+9.8 pp in · −9.8 pp out

New 3 +7.11 pp
Added 15 +2.68 pp
Trimmed 7 −4.07 pp
Exited 2 −5.72 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 33% a year, about 3.0 years per position

Low
Moderate
High

Top 5 positions39% of US stock

99952EUR Linde PLC/OLD trimmed−1.52 pp trimmed−1.5213.8%
EBAY eBay Inc added−0.34 pp added−0.347.4%
V VISA Inc. added−0.36 pp added−0.366.6%
EL The Estee Lauder Companies Inc. Class A added+0.30 pp added+0.305.6%
RACE Ferrari N.V. trimmed−0.43 pp trimmed−0.435.2%

Positions25 in this filing · 2 exited


99952EURLinde PLC/OLD	13.80%	3,710,988	$879M	trimmed−10%	−1.52 pp	8 q
EBAYeBay Inc	7.40%	9,047,389	$471M	added+7%	−0.34 pp	3 q
VVISA Inc.	6.57%	2,095,062	$419M	added+2%	−0.36 pp	9 q
ELThe Estee Lauder Companies Inc. Class A	5.56%	1,622,834	$354M	added+2%	+0.30 pp	9 q
RACEFerrari N.V.	5.21%	1,806,853	$332M	trimmed−4%	−0.43 pp	9 q
PGProcter & Gamble Company	4.69%	2,150,144	$299M	added+14%	+0.75 pp	8 q
NKENike, Inc.	4.65%	2,361,535	$296M	added+33%	+1.60 pp	9 q
OTISOtis Worldwide Corporation	4.45%	4,539,922	$283M	trimmed−15%	−0.86 pp	2 q
GOOGAlphabet Inc. Class C	4.35%	188,817	$277M	added+2%	−0.22 pp	9 q
ZTSZoetis Inc.	4.02%	1,549,534	$256M	added+7%	+0.56 pp	6 q
CHKPCheck Point Software Technologies Ltd	3.60%	1,903,996	$229M	added+10%	+0.36 pp	4 q
ADBEAdobe Inc.	3.46%	449,390	$220M	trimmed−1%	0.00 pp	3 q
AKXAnsys Inc	3.19%	620,518	$203M	trimmed−11%	−0.35 pp	9 q
ALLEAllegion Public Limited Company	3.13%	2,016,118	$199M	added+30%	+0.36 pp	9 q
MARMarriott International Class A	3.11%	2,142,372	$198M	added+7%	+0.11 pp	3 q
TMOThermo Fisher Scientific, Inc.	3.02%	435,377	$192M	new	+3.02 pp	new
BKNGBooking Holdings Inc.	2.88%	107,470	$184M	added+2%	−0.04 pp	3 q
ALCAlcon Inc.	2.87%	3,212,557	$183M	added+1%	−0.33 pp	6 q
VRSKVerisk Analytics, Inc.	2.83%	974,606	$181M	added+3%	+0.02 pp	7 q
MCOMoody's Corporation	2.60%	572,594	$166M	added+7%	+0.03 pp	9 q
FICOFair Isaac Corporation	2.41%	361,713	$154M	trimmed−2%	−0.28 pp	9 q
ICEIntercontinental Exchange Inc.	2.31%	1,472,385	$147M	new	+2.31 pp	new
UAAUnder Armour, Inc.	1.78%	10,112,291	$114M	new	+1.78 pp	new
ABEVAmbev S.a.	1.76%	49,493,482	$112M	trimmed−5%	−0.63 pp	9 q
CLBCore Laboratories Inc.	0.35%	1,470,753	$22M	added+11%	−0.12 pp	2 q
GRFSGrifois, S.A.	—	−12,273,278	—	exited	−3.91 pp	—
CMECME Group Inc.	—	−638,179	—	exited	−1.81 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001376879-20-000005
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

Search