AKO Capital

Q3 2024 13F · by Patrick Hargreaves, CEO

As of: Sep 30, 2024
Filed: Nov 13, 2024
US stock: $7.7B · prev $7.3B
Positions: 25 · prev 26
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%

Moves26 since the prior filing

+6.2 pp in · −6.2 pp out

New 0 0.00 pp
Added 8 +6.23 pp
Trimmed 17 −4.12 pp
Exited 1 −2.06 pp

The book

Focused · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 27% a year, about 3.7 years per position

Low
Moderate
High

Top 5 positions34% of US stock

Positions25 in this filing · 1 exited


ALCAlcon Inc.	8.02%	6,157,815	$616M	trimmed−3%	+0.21 pp	22 q
MSFTMicrosoft Corp	7.10%	1,265,260	$544M	added+4%	−0.34 pp	9 q
GEGE Aerospace	6.51%	2,648,246	$499M	trimmed−7%	+0.29 pp	5 q
VVISA Inc.	6.42%	1,790,775	$492M	added+35%	+1.62 pp	25 q
ICEIntercontinental Exchange Inc.	6.24%	2,979,588	$479M	added+12%	+1.22 pp	17 q
MRSHMarsh	5.74%	1,973,234	$440M	added+33%	+1.43 pp	6 q
FICOFair Isaac Corporation	5.63%	222,176	$432M	trimmed−30%	−0.87 pp	25 q
ACNAccenture PLC	5.41%	1,175,229	$415M	trimmed−4%	+0.32 pp	13 q
INTUIntuit Inc	4.44%	548,876	$341M	trimmed−8%	−0.93 pp	9 q
MCOMoody's Corporation	4.23%	683,460	$324M	trimmed−8%	−0.09 pp	25 q
BKNGBooking Holdings Inc.	4.15%	75,579	$318M	trimmed−12%	−0.54 pp	19 q
RACEFerrari N.V.	3.97%	649,656	$304M	trimmed−4%	+0.18 pp	25 q
ZTSZoetis Inc.	3.80%	1,492,138	$292M	trimmed−0%	+0.24 pp	22 q
WATWaters Corp	3.71%	790,207	$284M	trimmed−10%	+0.21 pp	5 q
AMZNAmazon.Com Inc	3.61%	1,488,281	$277M	added+59%	+1.12 pp	2 q
TMOThermo Fisher Scientific, Inc.	3.41%	423,473	$262M	trimmed−19%	−0.57 pp	17 q
ADIAnalog Devices, Inc.	3.37%	1,124,286	$259M	added+21%	+0.46 pp	3 q
WMGWarner Music Group Corp. Class A	2.80%	6,862,125	$215M	trimmed−8%	−0.34 pp	5 q
CPRTCopart Inc	2.48%	3,625,764	$190M	added+53%	+0.72 pp	7 q
PGProcter & Gamble Company	2.39%	1,058,026	$183M	trimmed−0%	−0.01 pp	24 q
LINLinde plc	2.20%	353,609	$169M	trimmed−0%	+0.06 pp	6 q
EFXEquifax, Incorporated	2.11%	549,812	$162M	trimmed−21%	−0.21 pp	15 q
MSCIMSCI, Inc.	1.57%	206,096	$120M	trimmed−55%	−1.49 pp	4 q
CDNSCadence Design Systems	0.70%	198,578	$54M	trimmed−35%	−0.58 pp	5 q
CNICanadian National Railway	0.02%	9,911	$1M	added+3%	0.00 pp	2 q
ELThe Estee Lauder Companies Inc. Class A	—	−1,409,881	—	exited	−2.06 pp	—