13F portfolio / Equities
AKO Capital
Founded by Nicolai Tangen
AKO Capital is a London investment manager focused on equities, founded in 2005 by Nicolai Tangen.
Tangen later gave up his role and ownership to become CEO of Norges Bank Investment Management in 2020.
The firm is based in London, United Kingdom, according to its SEC filings.
Its earliest 13F holdings report on SEC EDGAR was filed in January 2017.
- Reported 13F value
- $4.3B
- Positions
- 22
- Est. 1-yearEstimate
- -9.6%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +7.6%SPY +22.8%
As of Jun 30, 2026 · filed Aug 12, 2026
Holdings
0 new · 5 added · 17 trimmed · 0 unchanged · 5 sold out
| 1 | ALC on Yahoo Finance (opens in a new tab) | Alcon AGORD SHS | 15.2% | $652M | 9,683,004 | Added +3.8% | $80.85* | $66.14 | -18.2% |
| 2 | SUNB on Yahoo Finance (opens in a new tab) | Sunbelt Rentals Holdings IncSHS | 10.6% | $454M | 6,074,817 | Added +90.7% | $71.44 | $75.66 | +5.9% |
| 3 | V on Yahoo Finance (opens in a new tab) | Visa IncCOM CL A | 7.9% | $338M | 985,126 | Trimmed -17.0% | $245.34* | $400.91 | +63.4% |
| 4 | RACE on Yahoo Finance (opens in a new tab) | Ferrari N VCOM | 7.7% | $329M | 886,360 | Trimmed -4.3% | $335.42* | $396.23 | +18.1% |
| 5 | GE on Yahoo Finance (opens in a new tab) | GE AerospaceCOM NEW | 6.7% | $288M | 771,417 | Trimmed -22.6% | $99.78* | $315.09 | +215.8% |
| 6 | AMZN on Yahoo Finance (opens in a new tab) | Amazon Com IncCOM | 6.3% | $272M | 1,141,835 | Trimmed -34.0% | $192.26 | $249.20 | +29.6% |
| 7 | ADI on Yahoo Finance (opens in a new tab) | Analog Devices IncCOM | 5.7% | $245M | 616,881 | Trimmed -40.1% | $197.22 | $399.04 | +102.3% |
| 8 | MSFT on Yahoo Finance (opens in a new tab) | Microsoft CorpCOM | 5.5% | $234M | 628,224 | Trimmed -14.6% | $340.79* | $526.88 | +54.6% |
| 9 | CSCO on Yahoo Finance (opens in a new tab) | Cisco Sys IncCOM | 5.4% | $232M | 1,971,628 | Trimmed -35.2% | $72.84 | $107.49 | +47.6% |
| 10 | CP on Yahoo Finance (opens in a new tab) | Canadian Pacific Kansas CityCOM | 4.9% | $210M | 2,426,027 | Trimmed -11.7% | $73.84 | $86.99 | +17.8% |
| 11 | MCO on Yahoo Finance (opens in a new tab) | Moody's CorpCOM | 4.5% | $194M | 427,920 | Trimmed -16.2% | $359.29* | $481.11 | +33.9% |
| 12 | APD on Yahoo Finance (opens in a new tab) | Air Products And Chemicals ICOM | 3.8% | $162M | 553,359 | Added +137.1% | $280.15 | $295.39 | +5.4% |
| 13 | FICO on Yahoo Finance (opens in a new tab) | Fair Isaac CorpCOM | 2.9% | $124M | 103,619 | Trimmed -18.5% | $1048.49* | $760.96 | -27.4% |
| 14 | ICE on Yahoo Finance (opens in a new tab) | Intercontinental Exchange InCOM | 2.9% | $124M | 1,003,510 | Trimmed -46.3% | $113.51* | $159.40 | +40.4% |
| 15 | WMB on Yahoo Finance (opens in a new tab) | Williams Cos IncCOM | 2.6% | $110M | 1,486,116 | Trimmed -16.3% | $67.86 | $70.20 | +3.5% |
| 16 | MA on Yahoo Finance (opens in a new tab) | Mastercard IncorporatedCL A | 2.3% | $98M | 189,941 | Added +22.1% | $535.65 | $614.51 | +14.7% |
| 17 | WAT on Yahoo Finance (opens in a new tab) | Waters CorpCOM | 1.8% | $76M | 203,356 | Trimmed -75.1% | $294.89* | $434.07 | +47.2% |
| 18 | CSL on Yahoo Finance (opens in a new tab) | Carlisle Cos IncCOM | 1.6% | $69M | 191,414 | Trimmed -4.9% | $360.97 | $331.04 | -8.3% |
| 19 | LIN on Yahoo Finance (opens in a new tab) | Linde PLCSHS | 0.8% | $34M | 64,789 | Trimmed -51.9% | $457.74* | $496.42 | +8.5% |
| 20 | EFX on Yahoo Finance (opens in a new tab) | Equifax IncCOM | 0.5% | $21M | 134,439 | Trimmed -66.7% | $219.02* | $160.68 | -26.6% |
| 21 | CPRT on Yahoo Finance (opens in a new tab) | Copart IncCOM | 0.4% | $19M | 656,567 | Added +139.6% | $39.63* | $27.86 | -29.7% |
| 22 | SYK on Yahoo Finance (opens in a new tab) | Stryker CorporationCOM | 0.2% | $6M | 20,624 | Trimmed -91.7% | $355.99 | $294.76 | -17.2% |
Sold out since Q1 2026
- BKNG on Yahoo Finance (opens in a new tab)Booking Holdings Inc$210M at Q1 2026
- CRM on Yahoo Finance (opens in a new tab)Salesforce Inc$66M at Q1 2026
- FLUT on Yahoo Finance (opens in a new tab)Flutter Entmt PLC$50M at Q1 2026
- MRSH on Yahoo Finance (opens in a new tab)Marsh & Mclennan Cos Inc$45M at Q1 2026
- RELX on Yahoo Finance (opens in a new tab)Relx PLC$777K at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 3. Of 2 with six months of history, 50.0% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001376879-26-000006, compared with the Q1 2026 report. This filer reported values in thousands of dollars; we multiplied by 1,000 after a price check. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.