AKO Capital

Q2 2022 13F · by Patrick Hargreaves, CEO

As of: Jun 30, 2022
Filed: Aug 9, 2022
US stock: $7.1B · prev $9.3B
Positions: 25 · prev 25
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%

Moves25 since the prior filing

+12.9 pp in · −12.9 pp out

New 0 0.00 pp
Added 14 +12.90 pp
Trimmed 11 −12.90 pp
Exited 0 0.00 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 31% a year, about 3.2 years per position

Low
Moderate
High

Top 5 positions39% of US stock

Positions25 in this filing · 0 exited


TMOThermo Fisher Scientific, Inc.	9.23%	1,212,500	$659M	added0%	+1.54 pp	8 q
ACNAccenture PLC	8.91%	2,291,153	$636M	added0%	+0.60 pp	4 q
BKNGBooking Holdings Inc.	8.46%	345,275	$604M	trimmed−11%	−1.36 pp	10 q
VVISA Inc.	6.68%	2,422,668	$477M	added+84%	+3.54 pp	16 q
EFXEquifax, Incorporated	5.69%	2,222,389	$406M	added+8%	+0.42 pp	6 q
ICEIntercontinental Exchange Inc.	5.42%	4,117,261	$387M	added+12%	+0.19 pp	8 q
ELThe Estee Lauder Companies Inc. Class A	4.63%	1,299,274	$331M	added0%	+0.83 pp	16 q
ALCAlcon Inc.	4.59%	4,690,156	$328M	trimmed−12%	−0.01 pp	13 q
DGDollar General Corp.	4.47%	1,298,840	$319M	added+51%	+2.40 pp	2 q
99952EURLinde PLC/OLD	4.31%	1,070,348	$308M	trimmed−46%	−2.59 pp	15 q
DEODiageo plc	4.16%	1,705,411	$297M	added+1%	+0.47 pp	6 q
ADBEAdobe Inc.	3.92%	764,612	$280M	added+4%	+0.30 pp	10 q
ZTSZoetis Inc.	3.52%	1,461,209	$251M	trimmed−16%	−0.02 pp	13 q
OTISOtis Worldwide Corporation	3.46%	3,498,532	$247M	trimmed−10%	+0.23 pp	9 q
ALLEAllegion Public Limited Company	3.39%	2,469,441	$242M	added+38%	+1.27 pp	16 q
FICOFair Isaac Corporation	2.76%	490,935	$197M	added+26%	+0.81 pp	16 q
NKENike, Inc.	2.74%	1,913,468	$196M	trimmed−30%	−1.25 pp	16 q
RACEFerrari N.V.	2.45%	954,924	$175M	added0%	+0.19 pp	16 q
PGProcter & Gamble Company	2.42%	1,203,631	$173M	trimmed−39%	−0.82 pp	15 q
AKXAnsys Inc	2.05%	612,674	$147M	added+21%	+0.32 pp	16 q
CHTRCharter Comm Inc Del CL A New	1.67%	255,191	$120M	trimmed−16%	−0.12 pp	4 q
GOOGAlphabet Inc. Class C	1.37%	44,873	$98M	trimmed−75%	−3.96 pp	16 q
MARMarriott International Class A	1.30%	682,783	$93M	added+2%	+0.02 pp	10 q
EBAYeBay Inc	1.25%	2,139,984	$89M	trimmed−55%	−1.72 pp	10 q
MCOMoody's Corporation	1.14%	298,402	$81M	trimmed−55%	−1.28 pp	16 q