13F filing recap · Q4 2025

What did AKO Capital buy in Q4 2025?

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

Stock value

$6.57B

Positions

Estimated turnover

22.6%

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 Cisco Systems and Mastercard, while exiting Booz Allen Hamilton, Cadence Design Systems, and Zoetis entirely. The firm substantially increased its stake in Ferrari and dramatically added to Canadian Pacific Kansas City. Notable trims included substantial reductions in Intuit and Linde, along with moderate decreases in General Electric, Marsh & McLennan, Booking Holdings, and Equifax.

New positions

CSCOCisco Systems, Inc.$239.85Mreported value+3.11M shares MAMastercard Inc$57.15Mreported value+100.1K shares

Increased positions

RACEFerrari N.v.$351.54Mreported value+311.9K shares+49.3%ADIAnalog Devices, Inc.$338.46Mreported value+24.9K shares+2.0%ICEIntercontinental Exchange, Inc.$337.56Mreported value+184 shares+0.0%CPRTCopart, Inc.$235.30Mreported value+482.9K shares

Reduced positions

FLUTFlutter Entertainment Plc$669.89Mreported value-10.7K shares-0.3%ALCAlcon Inc.$609.35Mreported value-287.7K shares-3.6%VVisa Inc.$504.31Mreported value-146.9K shares-9.3%MSFTMicrosoft Corporation$493.64Mreported value-48.3K shares

Exited positions

ZTSZoetis Inc.$100.04Mprior reported value-683.7K shares-100.0%CDNSCadence Design Systems, Inc.$59.28Mprior reported value-168.8K shares-100.0%BAHBooz Allen Hamilton Holding Corporation$8.68Mprior reported value-86.9K shares-100.0%