AKO Capital

Q4 2024 13F · by Patrick Hargreaves, CEO

As of: Dec 31, 2024
Filed: Feb 12, 2025
US stock: $7.2B · prev $7.7B
Positions: 27 · 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

+5.1 pp in · −5.1 pp out

New 2 +1.07 pp
Added 13 +3.99 pp
Trimmed 12 −5.08 pp
Exited 0 0.00 pp

The book

Focused · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.7 years per position

Low
Moderate
High

Top 5 positions34% of US stock

Positions27 in this filing · 0 exited


VVISA Inc.	7.67%	1,757,145	$555M	trimmed−2%	+1.25 pp	26 q
ALCAlcon Inc.	6.89%	5,876,280	$499M	trimmed−5%	−1.13 pp	23 q
MSFTMicrosoft Corp	6.66%	1,142,735	$482M	trimmed−10%	−0.44 pp	10 q
ACNAccenture PLC	6.38%	1,311,465	$461M	added+12%	+0.97 pp	14 q
GEGE Aerospace	6.21%	2,693,057	$449M	added+2%	−0.30 pp	6 q
MRSHMarsh	6.05%	2,062,828	$438M	added+5%	+0.31 pp	7 q
ICEIntercontinental Exchange Inc.	5.37%	2,605,657	$388M	trimmed−13%	−0.87 pp	18 q
INTUIntuit Inc	5.16%	594,479	$374M	added+8%	+0.72 pp	10 q
BKNGBooking Holdings Inc.	4.98%	72,470	$360M	trimmed−4%	+0.83 pp	20 q
AMZNAmazon.Com Inc	4.27%	1,408,315	$309M	trimmed−5%	+0.66 pp	3 q
MCOMoody's Corporation	4.27%	653,387	$309M	trimmed−4%	+0.04 pp	26 q
WATWaters Corp	4.18%	815,379	$302M	added+3%	+0.47 pp	6 q
FICOFair Isaac Corporation	4.09%	148,602	$296M	trimmed−33%	−1.54 pp	26 q
RACEFerrari N.V.	3.65%	619,722	$264M	trimmed−5%	−0.32 pp	26 q
CPRTCopart Inc	3.48%	4,391,462	$252M	added+21%	+1.00 pp	8 q
ADIAnalog Devices, Inc.	3.43%	1,167,224	$248M	added+4%	+0.06 pp	4 q
ZTSZoetis Inc.	3.39%	1,505,938	$245M	added+1%	−0.41 pp	23 q
PGProcter & Gamble Company	2.72%	1,172,423	$197M	added+11%	+0.33 pp	25 q
EFXEquifax, Incorporated	2.56%	726,246	$185M	added+32%	+0.45 pp	16 q
TMOThermo Fisher Scientific, Inc.	2.26%	313,784	$163M	trimmed−26%	−1.15 pp	18 q
WMGWarner Music Group Corp. Class A	1.85%	4,323,994	$134M	trimmed−37%	−0.95 pp	6 q
MSCIMSCI, Inc.	1.73%	208,903	$125M	added+1%	+0.16 pp	5 q
CDNSCadence Design Systems	0.93%	223,944	$67M	added+13%	+0.23 pp	6 q
ILMNIllumina Inc	0.91%	495,286	$66M	new	+0.91 pp	new
LINLinde plc	0.74%	128,062	$54M	trimmed−64%	−1.46 pp	7 q
BAHBooz Allen Hamilton Holding Corporation	0.16%	92,490	$12M	new	+0.16 pp	new
CNICanadian National Railway	0.02%	10,992	$1M	added+11%	0.00 pp	3 q