AKO Capital

Q2 2024 13F · by Patrick Hargreaves, CEO

As of: Jun 30, 2024
Filed: Aug 13, 2024
US stock: $7.3B · prev $7.1B
Positions: 26 · prev 27
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%

Moves29 since the prior filing

+9.4 pp in · −9.4 pp out

New 2 +2.51 pp
Added 18 +6.86 pp
Trimmed 6 −5.38 pp
Exited 3 −3.99 pp

The book

Focused · behaves like 21 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 28% a year, about 3.6 years per position

Low
Moderate
High

Top 5 positions33% of US stock

ALC Alcon Inc. trimmed+0.17 pp trimmed+0.177.8%
MSFT Microsoft Corp added+0.77 pp added+0.777.4%
FICO Fair Isaac Corporation added+2.09 pp added+2.096.5%
GE GE Aerospace added+0.09 pp added+0.096.2%
INTU Intuit Inc added+0.56 pp added+0.565.4%

Positions26 in this filing · 3 exited


ALCAlcon Inc.	7.81%	6,371,303	$568M	trimmed−2%	+0.17 pp	21 q
MSFTMicrosoft Corp	7.44%	1,211,103	$541M	added+8%	+0.77 pp	8 q
FICOFair Isaac Corporation	6.50%	317,733	$473M	added+27%	+2.09 pp	24 q
GEGE Aerospace	6.22%	2,849,084	$453M	added+16%	+0.09 pp	4 q
INTUIntuit Inc	5.37%	594,507	$391M	added+14%	+0.56 pp	8 q
ACNAccenture PLC	5.09%	1,219,936	$370M	added×2.4	+2.63 pp	12 q
ICEIntercontinental Exchange Inc.	5.02%	2,670,788	$366M	added0%	−0.16 pp	16 q
VVISA Inc.	4.80%	1,329,954	$349M	added+5%	−0.22 pp	24 q
BKNGBooking Holdings Inc.	4.69%	86,205	$342M	added+1%	+0.29 pp	18 q
MCOMoody's Corporation	4.32%	746,780	$314M	added+5%	+0.35 pp	24 q
MRSHMarsh	4.31%	1,486,981	$313M	added+17%	+0.59 pp	5 q
TMOThermo Fisher Scientific, Inc.	3.98%	524,248	$290M	added+14%	+0.19 pp	16 q
RACEFerrari N.V.	3.79%	675,090	$275M	trimmed−2%	−0.46 pp	24 q
ZTSZoetis Inc.	3.56%	1,495,188	$259M	trimmed−14%	−0.60 pp	21 q
WATWaters Corp	3.50%	878,652	$255M	added+5%	−0.59 pp	4 q
WMGWarner Music Group Corp. Class A	3.14%	7,463,807	$229M	added+14%	+0.09 pp	4 q
MSCIMSCI, Inc.	3.06%	461,682	$222M	added+5%	−0.44 pp	3 q
ADIAnalog Devices, Inc.	2.91%	928,920	$212M	added+28%	+0.88 pp	2 q
AMZNAmazon.Com Inc	2.49%	937,004	$181M	new	+2.49 pp	new
PGProcter & Gamble Company	2.40%	1,060,884	$175M	added+5%	+0.07 pp	23 q
EFXEquifax, Incorporated	2.32%	695,966	$169M	added+5%	−0.20 pp	14 q
LINLinde plc	2.14%	354,541	$156M	added+3%	−0.13 pp	5 q
ELThe Estee Lauder Companies Inc. Class A	2.06%	1,409,881	$150M	trimmed−48%	−3.86 pp	24 q
CPRTCopart Inc	1.76%	2,369,500	$128M	trimmed−15%	−0.54 pp	6 q
CDNSCadence Design Systems	1.28%	303,409	$93M	trimmed−2%	−0.09 pp	4 q
CNICanadian National Railway	0.02%	9,658	$1M	new	+0.02 pp	new
NKENike, Inc.	—	−1,498,301	—	exited	−1.99 pp	—
OTISOtis Worldwide Corporation	—	−761,938	—	exited	−1.07 pp	—
MARMarriott International Class A	—	−261,008	—	exited	−0.93 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001376879-24-000005
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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