AKO Capital

Q2 2026 13F · by Patrick Hargreaves, CEO

As of: Jun 30, 2026
Filed: Aug 12, 2026
US stock: $4.3B · prev $5.1B
Positions: 22 · 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%

Moves27 since the prior filing

+11.6 pp in · −11.6 pp out

New 0 0.00 pp
Added 5 +11.55 pp
Trimmed 17 −4.27 pp
Exited 5 −7.29 pp

The book

Concentrated · behaves like 14 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 34% a year, about 3.0 years per position

Low
Moderate
High

Top 5 positions48% of US stock

Positions22 in this filing · 5 exited


ALCAlcon Inc.	15.19%	9,683,004	$652M	added+4%	+1.57 pp	29 q
SUNBSunbelt Rentals Holdings, Inc.	10.59%	6,074,817	$454M	added+91%	+6.53 pp	2 q
VVISA Inc.	7.87%	985,126	$338M	trimmed−17%	+0.85 pp	32 q
RACEFerrari N.V.	7.66%	886,360	$329M	trimmed−4%	+1.58 pp	32 q
GEGE Aerospace	6.72%	771,417	$288M	trimmed−23%	+1.18 pp	12 q
AMZNAmazon.Com Inc	6.34%	1,141,835	$272M	trimmed−34%	−0.72 pp	9 q
ADIAnalog Devices, Inc.	5.71%	616,881	$245M	trimmed−40%	−0.70 pp	10 q
MSFTMicrosoft Corp	5.46%	628,224	$234M	trimmed−15%	+0.13 pp	16 q
CSCOCisco Systems, Inc. (DE)	5.40%	1,971,628	$232M	trimmed−35%	+0.78 pp	3 q
CPCanadian Pacific Kansas City Limited	4.90%	2,426,027	$210M	trimmed−12%	+0.67 pp	4 q
MCOMoody's Corporation	4.52%	427,920	$194M	trimmed−16%	+0.16 pp	32 q
APDAir Products & Chemicals, Inc.	3.78%	553,359	$162M	added×2.4	+2.45 pp	2 q
FICOFair Isaac Corporation	2.88%	103,619	$124M	trimmed−19%	+0.22 pp	32 q
ICEIntercontinental Exchange Inc.	2.88%	1,003,510	$124M	trimmed−46%	−2.87 pp	24 q
WMBWilliams Companies Inc.	2.57%	1,486,116	$110M	trimmed−16%	+0.04 pp	2 q
MAMastercard Incorporated	2.27%	189,941	$98M	added+22%	+0.75 pp	3 q
WATWaters Corp	1.78%	203,356	$76M	trimmed−75%	−2.98 pp	12 q
CSLCarlisle Companies, Inc.	1.62%	191,414	$69M	trimmed−5%	+0.30 pp	2 q
LINLinde plc	0.78%	64,789	$34M	trimmed−52%	−0.53 pp	13 q
EFXEquifax, Incorporated	0.50%	134,439	$21M	trimmed−67%	−0.92 pp	22 q
CPRTCopart Inc	0.43%	656,567	$19M	added×2.4	+0.25 pp	14 q
SYKStryker Corporation	0.15%	20,624	$6M	trimmed−92%	−1.46 pp	2 q
BKNGBooking Holdings Inc.	—	−1,248,075	—	exited	−4.11 pp	—
CRMSalesforce, Inc.	—	−354,805	—	exited	−1.30 pp	—
FLUTFlutter Entertainment plc	—	−487,027	—	exited	−0.97 pp	—
MRSHMarsh	—	−261,527	—	exited	−0.89 pp	—
RELXRelx PLC	—	−23,447	—	exited	−0.02 pp	—