13F filing recap · Q3 2025

What did AKO Capital buy in Q3 2025?

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

Stock value

$7.03B

Positions

Estimated turnover

12.5%

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 opened a new position in Canadian Pacific Kansas City and exited Canadian National Railway, Illumina, and Thermo Fisher Scientific. It also substantially reduced General Electric and Zoetis, while trimming Microsoft, Fair Isaac, and Salesforce. The firm added to Amazon and Cadence Design Systems, with smaller increases in Flutter Entertainment and Alcon.

New positions

CPCanadian Pacific Kansas City Ltd/cn$59.56Mreported value+799.6K shares

Increased positions

FLUTFlutter Entertainment Plc$796.70Mreported value+146.9K shares+4.9%ALCAlcon Inc.$593.77Mreported value+261.0K shares+3.4%AMZNAmazon.com Inc$396.99Mreported value+347.4K shares+23.8%MRSHMarsh & Mclennan Companies, Inc.$362.70Mreported value+17.6K shares

Reduced positions

MSFTMicrosoft Corporation$553.69Mreported value-203.6K shares-16.0%VVisa Inc.$541.04Mreported value-58.5K shares-3.6%INTUIntuit Inc.$460.57Mreported value-1.4K shares-0.2%GEGeneral Electric Company$397.35Mreported value-742.1K shares

Exited positions

ILMNIllumina, Inc.$50.95Mprior reported value-534.0K shares-100.0%TMOThermo Fisher Scientific Inc.$10.71Mprior reported value-26.4K shares-100.0%CNICanadian National Railway Company$1.98Mprior reported value-19.1K shares-100.0%