13F filing recap · Q3 2024

What did AKO Capital buy in Q3 2024?

Reported stock-position changes between this filing and the previous one.

Stock value

$7.67B

Positions

Estimated turnover

18.5%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

AKO Capital exited Estee Lauder entirely and trimmed Alcon, General Electric, Intuit, Moody’s, Ferrari, Zoetis, Procter & Gamble, and Linde slightly. It added moderately to Visa, Intercontinental Exchange, Marsh & McLennan, and Analog Devices, while substantially increasing Amazon and Copart. Notable reductions included Fair Isaac, Booking Holdings, Waters, Thermo Fisher, Equifax, and Cadence Design, with a substantial cut to MSCI.

Increased positions

MSFTMicrosoft Corporation$544.44Mreported value+54.2K shares+4.5%VVisa Inc.$492.37Mreported value+460.8K shares+34.6%ICEIntercontinental Exchange, Inc.$478.64Mreported value+308.8K shares+11.6%MRSHMarsh & Mclennan Companies, Inc.$440.21Mreported value+486.3K shares+32.7%

Reduced positions

ALCAlcon Inc.$615.63Mreported value-213.5K shares-3.4%GEGeneral Electric Company$499.41Mreported value-200.8K shares-7.0%FICOFair Isaac Corp$431.80Mreported value-95.6K shares-30.1%ACNAccenture Plc$415.42Mreported value-44.7K shares

Exited positions

ELEstee Lauder Companies Inc$150.01Mprior reported value-1.41M shares-100.0%