AKO CAPITAL LLP

Fundamental concentrated ★Highest signal CIK 1376879
League rank
#642
in Fundamental concentrated · #3960 overall
Long book
$5.11B
Q1 2026
Positions
27
Top-10 weight
66%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

AKO CAPITAL LLP is a concentrated fundamental stock-picker, running a $5.11B US long book across 27 positions.

The portfolio is concentrated: the top 10 names carry 66% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ALCON INC, AMAZON.COM INC, VISA INC-CLASS A SHARES, ANALOG DEVICES INC, FERRARI NV.

Over the last 9 quarters its long book ran on average 3.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-1.1%
Q2 2024
+10.2%
Q3 2024
-2.2%
Q4 2024
+1.1%
Q1 2025
+6.9%
Q2 2025
-4.5%
Q3 2025
-0.3%
Q4 2025
-10.8%
Q1 2026
+11.3%

Sector allocation

Services media
21%
Healthcare
20%
Industrials
20%
Technology
18%
Consumer discretionary
7%
Financials
7%
Materials
3%
Utilities
3%

Long book by quarter

$7.06B
Q1 2024
$7.28B
Q2 2024
$7.67B
Q3 2024
$7.24B
Q4 2024
$7.71B
Q1 2025
$7.92B
Q2 2025
$7.03B
Q3 2025
$6.57B
Q4 2025
$5.11B
Q1 2026

What does AKO CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ALC ALCON INCHealthcare9.3M$695.6M13.6%+21.3%
AMZN AMAZON.COM INCConsumer discretionary1.7M$360.6M7.1%-0.4%
V VISA INC-CLASS A SHARESServices media1.2M$358.7M7.0%-17.5%
ADI ANALOG DEVICES INCTechnology1.0M$327.5M6.4%-17.5%
RACE FERRARI NVIndustrials926.5K$310.8M6.1%-1.9%
ICE INTERCONTINENTAL EXCHANGE INFinancials1.9M$293.7M5.7%-10.4%
GE GENERAL ELECTRICIndustrials996.8K$282.9M5.5%-10.1%
MSFT MICROSOFT CORPTechnology735.2K$272.2M5.3%-28.0%
WAT WATERS CORPHealthcare816.9K$243.3M4.8%+8.4%
CSCO CISCO SYSTEMS INCTechnology3.0M$236.2M4.6%-2.3%
MCO MOODY'S CORPServices media510.8K$222.8M4.4%-30.6%
CP CANADIAN PACIFIC KANSAS CITYIndustrials2.7M$216.1M4.2%-7.1%
BKNG BOOKING HOLDINGS INCIndustrials49.9K$210.2M4.1%+16.6%
SUNB SUNBELT RENTALS HOLDINGS INCServices media3.2M$207.3M4.1%New
FICO FAIR ISAAC CORPServices media127.2K$135.8M2.7%+12.8%
WMB WILLIAMS COS INCUtilities1.8M$129.3M2.5%New
SYK STRYKER CORPHealthcare249.9K$82.1M1.6%New
MA MASTERCARD INC - AServices media155.6K$77.7M1.5%+55.4%
EFX EQUIFAX INCServices media403.8K$72.7M1.4%-47.3%
APD AIR PRODUCTS & CHEMICALS INCMaterials233.4K$67.8M1.3%New
CSL CARLISLE COS INCOther201.4K$67.2M1.3%New
LIN LINDE PLCMaterials134.6K$66.7M1.3%+899.0%
CRM SALESFORCE INCTechnology354.8K$66.2M1.3%+13.5%
PPB FLUTTER ENTERTAINMENT PLC-DI—487.0K$49.7M1.0%-84.3%
MRSH MARSH & MCLENNAN COSFinancials261.5K$45.4M0.9%-82.4%
CPRT COPART INCConsumer discretionary274.1K$9.1M0.2%-95.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202627$5.11B $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 17, 202622$6.57B $K fixed canonicalSEC ↗
Q3 202513F-HRNov 13, 202523$7.03B $K fixed canonicalSEC ↗
Q2 202513F-HRAug 13, 202525$7.92B $K fixed canonicalSEC ↗
Q1 202513F-HRMay 14, 202526$7.71B $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 12, 202527$7.24B $K fixed canonicalSEC ↗
Q3 202413F-HRNov 13, 202425$7.67B $K fixed canonicalSEC ↗
Q2 202413F-HRAug 13, 202426$7.28B $K fixed canonicalSEC ↗
Q1 202413F-HRMay 14, 202427$7.06B $K fixed canonicalSEC ↗

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