13F filing recap · Q1 2025

What did AKO Capital buy in Q1 2025?

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

Stock value

$7.71B

Positions

Estimated turnover

23.2%

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 opened new positions in Flutter Entertainment and Salesforce, while exiting Msci, Procter & Gamble, and Warner Music Group entirely. The firm added to Alcon, Moody’s, and Copart, and trimmed Intercontinental Exchange and Linde. It substantially increased its stakes in Illumina and Canadian National Railway, while substantially reducing Cadence Design Systems.

New positions

FLUTFlutter Entertainment Plc$571.76Mreported value+2.59M shares CRMSalesforce, Inc.$96.58Mreported value+359.9K shares

Increased positions

ALCAlcon Inc.$672.56Mreported value+1.24M shares+21.1%VVisa Inc.$622.41Mreported value+18.8K shares+1.1%MRSHMarsh & Mclennan Companies, Inc.$517.77Mreported value+58.9K shares+2.9%MSFTMicrosoft Corporation$469.51Mreported value+108.0K shares

Reduced positions

GEGeneral Electric Company$493.62Mreported value-226.8K shares-8.4%ICEIntercontinental Exchange, Inc.$393.72Mreported value-323.2K shares-12.4%ACNAccenture Plc$386.50Mreported value-72.8K shares-5.6%INTUIntuit Inc.$341.26Mreported value-38.7K shares

Exited positions

PGProcter & Gamble Co$196.56Mprior reported value-1.17M shares-100.0%WMGWarner Music Group Corp.$134.04Mprior reported value-4.32M shares-100.0%MSCIMsci Inc.$125.34Mprior reported value-208.9K shares-100.0%