AKO Capital

Q4 2022 13F · by Patrick Hargreaves, CEO

As of: Dec 31, 2022
Filed: Jan 18, 2023
US stock: $6.2B · prev $6.1B
Positions: 23 · 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%

Moves24 since the prior filing

+5.4 pp in · −5.4 pp out

New 0 0.00 pp
Added 6 +5.40 pp
Trimmed 17 −3.45 pp
Exited 1 −1.95 pp

The book

Concentrated · behaves like 17 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 12% a year, about 8.3 years per position

Low
Moderate
High

Top 5 positions41% of US stock

BKNG Booking Holdings Inc. added+2.17 pp added+2.1712.1%
ACN Accenture PLC trimmed+0.03 pp trimmed+0.038.3%
V VISA Inc. trimmed+0.29 pp trimmed+0.297.5%
ICE Intercontinental Exchange Inc. added+0.75 pp added+0.757.2%
ALC Alcon Inc. trimmed+0.67 pp trimmed+0.676.2%

Positions23 in this filing · 1 exited


BKNGBooking Holdings Inc.	12.12%	372,287	$750M	added+1%	+2.17 pp	12 q
ACNAccenture PLC	8.28%	1,919,730	$512M	trimmed−1%	+0.03 pp	6 q
VVISA Inc.	7.45%	2,218,844	$461M	trimmed−9%	+0.29 pp	18 q
ICEIntercontinental Exchange Inc.	7.24%	4,367,054	$448M	added0%	+0.75 pp	10 q
ALCAlcon Inc.	6.23%	5,631,934	$386M	trimmed−2%	+0.67 pp	15 q
TMOThermo Fisher Scientific, Inc.	5.76%	647,343	$356M	trimmed−30%	−1.97 pp	10 q
GOOGAlphabet Inc. Class C	5.03%	3,511,205	$312M	added+10%	−0.03 pp	18 q
99952EURLinde PLC/OLD	4.52%	857,120	$280M	trimmed−3%	+0.58 pp	17 q
ALLEAllegion Public Limited Company	4.40%	2,589,778	$273M	trimmed−4%	+0.42 pp	18 q
EFXEquifax, Incorporated	3.78%	1,203,759	$234M	trimmed−41%	−1.99 pp	8 q
FICOFair Isaac Corporation	3.78%	391,258	$234M	trimmed−1%	+1.09 pp	18 q
DGDollar General Corp.	3.72%	934,928	$230M	trimmed−21%	−0.96 pp	4 q
ADBEAdobe Inc.	3.58%	658,751	$222M	trimmed−17%	−0.01 pp	12 q
OTISOtis Worldwide Corporation	3.58%	2,826,444	$221M	trimmed−4%	+0.49 pp	11 q
ELThe Estee Lauder Companies Inc. Class A	3.51%	874,516	$217M	trimmed−24%	−0.61 pp	18 q
RACEFerrari N.V.	3.29%	952,031	$204M	trimmed−2%	+0.29 pp	18 q
MSFTMicrosoft Corp	3.21%	829,512	$199M	added+68%	+1.31 pp	2 q
AKXAnsys Inc	2.59%	662,374	$160M	added+8%	+0.34 pp	18 q
PGProcter & Gamble Company	2.51%	1,026,550	$156M	trimmed−3%	+0.30 pp	17 q
INTUIntuit Inc	2.05%	325,396	$127M	added+75%	+0.86 pp	2 q
MARMarriott International Class A	1.60%	663,540	$99M	trimmed−3%	+0.01 pp	12 q
MCOMoody's Corporation	0.92%	204,409	$57M	trimmed−3%	+0.07 pp	18 q
ZTSZoetis Inc.	0.86%	362,822	$53M	trimmed−71%	−2.15 pp	15 q
NKENike, Inc.	—	−1,419,705	—	exited	−1.95 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001376879-23-000002
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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