AKO Capital

Q3 2022 13F · by Patrick Hargreaves, CEO

As of: Sep 30, 2022
Filed: Nov 1, 2022
US stock: $6.1B · prev $7.1B
Positions: 24 · 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%

Moves27 since the prior filing

+12.1 pp in · −12.1 pp out

New 2 +3.09 pp
Added 10 +9.00 pp
Trimmed 12 −4.99 pp
Exited 3 −7.08 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 37% a year, about 2.7 years per position

Low
Moderate
High

Top 5 positions40% of US stock

BKNG Booking Holdings Inc. added+1.49 pp added+1.499.9%
ACN Accenture PLC trimmed−0.66 pp trimmed−0.668.3%
TMO Thermo Fisher Scientific, Inc. trimmed−1.50 pp trimmed−1.507.7%
V VISA Inc. added+0.48 pp added+0.487.2%
ICE Intercontinental Exchange Inc. added+1.07 pp added+1.076.5%

Positions24 in this filing · 3 exited


BKNGBooking Holdings Inc.	9.95%	366,884	$603M	added+6%	+1.49 pp	11 q
ACNAccenture PLC	8.25%	1,943,742	$500M	trimmed−15%	−0.66 pp	5 q
TMOThermo Fisher Scientific, Inc.	7.73%	924,031	$469M	trimmed−24%	−1.50 pp	9 q
VVISA Inc.	7.16%	2,443,582	$434M	added+1%	+0.48 pp	17 q
ICEIntercontinental Exchange Inc.	6.49%	4,354,941	$393M	added+6%	+1.07 pp	9 q
EFXEquifax, Incorporated	5.77%	2,039,467	$350M	trimmed−8%	+0.08 pp	7 q
ALCAlcon Inc.	5.56%	5,750,956	$337M	added+23%	+0.97 pp	14 q
GOOGAlphabet Inc. Class C	5.06%	3,189,340	$307M	added×3.6	+3.69 pp	17 q
DGDollar General Corp.	4.68%	1,183,091	$284M	trimmed−9%	+0.21 pp	3 q
ELThe Estee Lauder Companies Inc. Class A	4.12%	1,155,524	$249M	trimmed−11%	−0.51 pp	17 q
ALLEAllegion Public Limited Company	3.98%	2,692,558	$241M	added+9%	+0.59 pp	17 q
99952EURLinde PLC/OLD	3.94%	885,387	$239M	trimmed−17%	−0.37 pp	16 q
ADBEAdobe Inc.	3.59%	789,798	$217M	added+3%	−0.33 pp	11 q
OTISOtis Worldwide Corporation	3.09%	2,931,956	$187M	trimmed−16%	−0.37 pp	10 q
ZTSZoetis Inc.	3.01%	1,230,228	$182M	trimmed−16%	−0.51 pp	14 q
RACEFerrari N.V.	3.00%	973,865	$182M	added+2%	+0.55 pp	17 q
FICOFair Isaac Corporation	2.69%	395,207	$163M	trimmed−20%	−0.07 pp	17 q
AKXAnsys Inc	2.25%	616,105	$137M	added+1%	+0.20 pp	17 q
PGProcter & Gamble Company	2.21%	1,062,598	$134M	trimmed−12%	−0.21 pp	16 q
NKENike, Inc.	1.95%	1,419,705	$118M	trimmed−26%	−0.79 pp	17 q
MSFTMicrosoft Corp	1.90%	494,820	$115M	new	+1.90 pp	new
MARMarriott International Class A	1.59%	686,688	$96M	added+1%	+0.29 pp	11 q
INTUIntuit Inc	1.19%	185,913	$72M	new	+1.19 pp	new
MCOMoody's Corporation	0.85%	211,765	$51M	trimmed−29%	−0.29 pp	17 q
DEODiageo plc	—	−1,705,411	—	exited	−4.16 pp	—
CHTRCharter Comm Inc Del CL A New	—	−255,191	—	exited	−1.67 pp	—
EBAYeBay Inc	—	−2,139,984	—	exited	−1.25 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001376879-22-000005
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

Search