AKO Capital LLP

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 27
Portfolio value:: $5,108,383,000
Filed:: May 15, 2026
CIK:: 1376879

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 15, 266 new7 added11 reduced1 exited
≡	FLUT – FLUTTER ENTMT PLC	Reduce 84.00%	−2,622,399	−9.23
≡	ALC – ALCON AG	Add 21.00%	1,637,956	4.34
≡	SUNB – SUNBELT RENTALS HOLDINGS INC	Buy	3,185,284	4.06
≡	CPRT – COPART INC	Reduce 95.00%	−5,736,076	−3.40
≡	MRSH – MARSH & MCLENNAN COS INC	Reduce 82.00%	−1,223,333	−3.31
≡	WMB – WILLIAMS COS INC	Buy	1,775,909	2.53
≡	INTU – INTUIT	Sell	−238,876	−2.41
≡	MSFT – MICROSOFT CORP	Reduce 28.00%	−285,501	−2.19
≡	SYK – STRYKER CORPORATION	Buy	249,883	1.61
≡	MCO – MOODYS CORP	Reduce 31.00%	−225,744	−1.37
≡	ALK – AIR PRODUCTS AND CHEMICALS I	Buy	233,356	1.33
≡	CSL – CARLISLE COS INC	Buy	201,377	1.32
≡	ADI – ANALOG DEVICES INC	Reduce 18.00%	−218,486	1.26
≡	LIN – LINDE PLC	Add 899.00%	121,155	1.22
≡	EFX – EQUIFAX INC	Reduce 47.00%	−362,181	−1.11
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 7.00%	−209,566	0.92
≡	V – VISA INC	Reduce 17.00%	−251,036	−0.66
≡	MA – MASTERCARD INCORPORATED	Add 55.00%	55,483	0.65
≡	BKNG – BOOKING HOLDINGS INC	Add 17.00%	7,122	0.63
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Reduce 10.00%	−216,636	0.61
≡	WAT – WATERS CORP	Add 8.00%	63,474	0.41
≡	GE – GE AEROSPACE	Reduce 10.00%	−112,542	0.33
≡	FICO – FAIR ISAAC CORP	Add 13.00%	14,427	−0.24
≡	CRM – SALESFORCE INC	Add 13.00%	42,197	0.04
≡	RELX – RELX PLC	Buy	23,447	0.02
Q4 2025filed Feb 17, 262 new3 added9 reduced3 exited
≡	INTU – INTUIT	Reduce 65.00%	−435,549	−4.14
≡	CSCO – CISCO SYS INC	Buy	3,113,706	3.65
≡	CP – CANADIAN PACIFIC KANSAS CITY	Add 270.00%	2,157,801	2.47
≡	BKNG – BOOKING HOLDINGS INC	Reduce 34.00%	−21,817	−1.47
≡	ZTS – ZOETIS INC	Sell	−683,704	−1.42
≡	RACE – FERRARI N V	Add 49.00%	311,907	1.00
≡	MRSH – MARSH & MCLENNAN COS INC	Reduce 17.00%	−314,893	−0.96
≡	WAT – WATERS CORP	Reduce 7.00%	−53,493	0.92
≡	EFX – EQUIFAX INC	Reduce 18.00%	−172,393	−0.89
≡	MA – MASTERCARD INCORPORATED	Buy	100,109	0.87
≡	CDNS – CADENCE DESIGN SYSTEM INC	Sell	−168,767	−0.84
≡	LIN – LINDE PLC	Reduce 83.00%	−65,609	−0.45
≡	GE – GE AEROSPACE	Reduce 16.00%	−211,487	−0.45
≡	FICO – FAIR ISAAC CORP	Reduce 9.00%	−10,861	0.27
≡	BAH – BOOZ ALLEN HAMILTON HLDG COR	Sell	−86,866	−0.12
≡	CPRT – COPART INC	Add 9.00%	482,889	0.05
≡	V – VISA INC	Reduce 9.00%	−146,890	−0.01
Q3 2025filed Nov 13, 251 new2 added7 reduced3 exited
≡	AMZN – AMAZON COM INC	Add 24.00%	347,385	1.60
≡	ZTS – ZOETIS INC	Reduce 55.00%	−827,222	−1.55
≡	GE – GE AEROSPACE	Reduce 36.00%	−742,130	−1.05
≡	FICO – FAIR ISAAC CORP	Reduce 19.00%	−29,627	−0.91
≡	CP – CANADIAN PACIFIC KANSAS CITY	Buy	799,560	0.85
≡	ILMN – ILLUMINA INC	Sell	−533,954	−0.64
≡	CRM – SALESFORCE INC	Reduce 31.00%	−143,126	−0.52
≡	CDNS – CADENCE DESIGN SYSTEM INC	Add 28.00%	36,960	0.33
≡	TMO – THERMO FISHER SCIENTIFIC INC	Sell	−26,427	−0.14
≡	MSFT – MICROSOFT CORP	Reduce 16.00%	−203,561	−0.12
≡	BKNG – BOOKING HOLDINGS INC	Reduce 6.00%	−4,489	−0.09
≡	MCO – MOODYS CORP	Reduce 7.00%	−60,411	−0.04
≡	CNI – CANADIAN NATL RY CO	Sell	−19,073	−0.03
Q2 2025filed Aug 13, 256 added6 reduced1 exited
≡	ACN – ACCENTURE PLC IRELAND	Sell	−1,238,638	−5.01
≡	FLUT – FLUTTER ENTMT PLC	Add 15.00%	382,537	3.28
≡	INTU – INTUIT	Add 22.00%	119,972	2.29
≡	TMO – THERMO FISHER SCIENTIFIC INC	Reduce 92.00%	−306,418	−2.01
≡	MRSH – MARSH & MCLENNAN COS INC	Reduce 16.00%	−339,530	−1.80
≡	WAT – WATERS CORP	Reduce 11.00%	−99,869	−0.77
≡	RACE – FERRARI N V	Add 10.00%	60,988	0.77
≡	V – VISA INC	Reduce 7.00%	−132,600	−0.71
≡	EFX – EQUIFAX INC	Add 20.00%	148,915	0.57
≡	CRM – SALESFORCE INC	Add 30.00%	109,346	0.36
≡	GE – GE AEROSPACE	Reduce 16.00%	−403,261	0.30
≡	ILMN – ILLUMINA INC	Reduce 40.00%	−355,760	−0.27
≡	ALC – ALCON AG	Add 8.00%	597,835	−0.13
Q1 2025filed May 14, 252 new9 added7 reduced3 exited
≡	FLUT – FLUTTER ENTMT PLC	Buy	2,590,673	7.42
≡	PG – PROCTER AND GAMBLE CO	Sell	−1,172,423	−2.72
≡	WMG – WARNER MUSIC GROUP CORP	Sell	−4,323,994	−1.85
≡	ALC – ALCON AG	Add 21.00%	1,239,291	1.84
≡	MSCI – MSCI INC	Sell	−208,903	−1.73
≡	ACN – ACCENTURE PLC IRELAND	Reduce 6.00%	−72,827	−1.36
≡	CRM – SALESFORCE INC	Buy	359,908	1.25
≡	INTU – INTUIT	Reduce 7.00%	−38,668	−0.74
≡	MCO – MOODYS CORP	Add 27.00%	173,347	0.72
≡	MSFT – MICROSOFT CORP	Add 9.00%	107,983	−0.56
≡	CDNS – CADENCE DESIGN SYSTEM INC	Reduce 39.00%	−86,535	−0.48
≡	RACE – FERRARI N V	Reduce 6.00%	−34,604	−0.42
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Reduce 12.00%	−323,230	−0.26
≡	CPRT – COPART INC	Add 16.00%	689,683	0.25
≡	LIN – LINDE PLC	Reduce 34.00%	−43,071	−0.23
≡	GE – GE AEROSPACE	Reduce 8.00%	−226,790	0.20
≡	ADI – ANALOG DEVICES INC	Add 7.00%	76,623	−0.17
≡	TMO – THERMO FISHER SCIENTIFIC INC	Add 6.00%	19,061	−0.11
≡	WAT – WATERS CORP	Add 9.00%	71,836	0.06
≡	CNI – CANADIAN NATL RY CO	Add 74.00%	8,081	0.01
≡	ILMN – ILLUMINA INC	Add 80.00%	394,428	0.00
Q4 2024filed Feb 12, 252 new7 added6 reduced
≡	FICO – FAIR ISAAC CORP	Reduce 33.00%	−73,574	−1.54
≡	LIN – LINDE PLC	Reduce 64.00%	−225,547	−1.46
≡	TMO – THERMO FISHER SCIENTIFIC INC	Reduce 26.00%	−109,689	−1.16
≡	CPRT – COPART INC	Add 21.00%	765,698	1.01
≡	ACN – ACCENTURE PLC IRELAND	Add 12.00%	136,236	0.96
≡	WMG – WARNER MUSIC GROUP CORP	Reduce 37.00%	−2,538,131	−0.95
≡	ILMN – ILLUMINA INC	Buy	495,286	0.91
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Reduce 13.00%	−373,931	−0.87
≡	INTU – INTUIT	Add 8.00%	45,603	0.72
≡	EFX – EQUIFAX INC	Add 32.00%	176,434	0.45
≡	MSFT – MICROSOFT CORP	Reduce 10.00%	−122,525	−0.44
≡	PG – PROCTER AND GAMBLE CO	Add 11.00%	114,397	0.33
≡	CDNS – CADENCE DESIGN SYSTEM INC	Add 13.00%	25,366	0.23
≡	BAH – BOOZ ALLEN HAMILTON HLDG COR	Buy	92,490	0.16
≡	CNI – CANADIAN NATL RY CO	Add 11.00%	1,081	0.00
Q3 2024filed Nov 13, 246 added11 reduced1 exited
≡	EL – LAUDER ESTEE COS INC	Sell	−1,409,881	−2.06
≡	V – VISA INC	Add 35.00%	460,821	1.62
≡	MSCI – MSCI INC	Reduce 55.00%	−255,586	−1.49
≡	MRSH – MARSH & MCLENNAN COS INC	Add 33.00%	486,253	1.43
≡	HHH – INTERCONTINENTAL EXCHANGE INC	Add 12.00%	308,800	1.21
≡	AMZN – AMAZON COM INC	Add 59.00%	551,277	1.13
≡	INTU – INTUIT	Reduce 8.00%	−45,631	−0.93
≡	FICO – FAIR ISAAC CORP	Reduce 30.00%	−95,557	−0.87
≡	CPRT – COPART INC	Add 53.00%	1,256,264	0.71
≡	CDNS – CADENCE DESIGN SYSTEM INC	Reduce 35.00%	−104,831	−0.58
≡	TMO – THERMO FISHER SCIENTIFIC INC	Reduce 19.00%	−100,775	−0.57
≡	BKNG – BOOKING HLDGS INC	Reduce 12.00%	−10,626	−0.54
≡	ADI – ANALOG DEVICES INC	Add 21.00%	195,366	0.46
≡	WMG – WARNER MUSIC GROUP CORP	Reduce 8.00%	−601,682	−0.34
≡	GE – GENERAL ELECTRIC CO	Reduce 7.00%	−200,838	0.28
≡	EFX – EQUIFAX INC	Reduce 21.00%	−146,154	−0.21
≡	WAT – WATERS CORP	Reduce 10.00%	−88,445	0.20
≡	MCO – MOODYS CORP	Reduce 8.00%	−63,320	−0.09
Q2 2024filed Aug 13, 242 new9 added3 reduced3 exited
≡	EL – LAUDER ESTEE COS INC	Reduce 48.00%	−1,299,976	−3.86
≡	ACN – ACCENTURE PLC IRELAND	Add 143.00%	718,691	2.63
≡	AMZN – AMAZON COM INC	Buy	937,004	2.49
≡	FICO – FAIR ISAAC CORP	Add 27.00%	68,371	2.09
≡	NKE – NIKE INC	Sell	−1,498,301	−1.99
≡	OTIS – OTIS WORLDWIDE CORP	Sell	−761,938	−1.07
≡	MAR – MARRIOTT INTL INC NEW	Sell	−261,008	−0.93
≡	ADI – ANALOG DEVICES INC	Add 28.00%	203,121	0.88
≡	MSFT – MICROSOFT CORP	Add 8.00%	92,874	0.77
≡	ZTS – ZOETIS INC	Reduce 14.00%	−239,942	−0.60
≡	MRSH – MARSH & MCLENNAN COS	Add 17.00%	211,930	0.59
≡	INTU – INTUIT	Add 14.00%	72,097	0.56
≡	CPRT – COPART INC	Reduce 15.00%	−431,899	−0.53
≡	TMO – THERMO FISHER SCIENTIFIC INC	Add 14.00%	64,065	0.20
≡	GE – GENERAL ELECTRIC CO	Add 16.00%	385,150	0.10
≡	WMG – WARNER MUSIC GROUP CORP	Add 14.00%	936,417	0.09
≡	CNI – CANADIAN NATL RY CO	Buy	9,658	0.02
Q1 2024filed May 14, 241 new9 added9 reduced3 exited
≡	AKX – ANSYS INC	Sell	−971,461	−5.02
≡	ACN – ACCENTURE PLC IRELAND	Reduce 58.00%	−687,202	−3.47
≡	MSCI – MSCI INC	Add 384.00%	349,772	2.77
≡	TMO – THERMO FISHER SCIENTIFIC INC	Add 181.00%	296,246	2.55
≡	URI – UNITED RENTALS INC	Sell	−253,099	−2.07
≡	ADI – ANALOG DEVICES INC	Buy	725,799	2.03
≡	EL – LAUDER ESTEE COS INC	Add 45.00%	838,783	2.02
≡	BKNG – BOOKING HLDGS INC	Reduce 26.00%	−30,360	−1.45
≡	WMG – WARNER MUSIC GROUP CORP	Add 75.00%	2,797,836	1.15
≡	V – VISA INC	Reduce 23.00%	−379,443	−1.09
≡	CDNS – CADENCE DESIGN SYSTEM INC	Reduce 48.00%	−291,941	−0.97
≡	LIN – LINDE PLC	Reduce 37.00%	−198,227	−0.91
≡	NKE – NIKE INC	Reduce 20.00%	−368,155	−0.89
≡	CPRT – COPART INC	Add 32.00%	684,287	0.82
≡	OTIS – OTIS WORLDWIDE CORP	Reduce 48.00%	−709,471	−0.80
≡	ZTS – ZOETIS INC	Add 41.00%	508,238	0.71
≡	PG – PROCTER AND GAMBLE CO	Add 29.00%	226,994	0.69
≡	HHH – INTERCONTINENTAL EXCHANGE INC	Reduce 17.00%	−537,045	−0.66
≡	MRSH – MARSH & MCLENNAN COS	Add 8.00%	93,809	0.54
≡	WAT – WARTERS CORP	Add 9.00%	66,841	0.47
≡	ALLE – ALLEGION PLC	Sell	−234,045	−0.42
≡	FICO – FAIR ISAAC CORP	Reduce 11.00%	−30,148	−0.22

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 15, 266 new7 added11 reduced1 exited
≡	FLUT – FLUTTER ENTMT PLC	Reduce 84.00%	−2,622,399	−9.23
≡	ALC – ALCON AG	Add 21.00%	1,637,956	4.34
≡	SUNB – SUNBELT RENTALS HOLDINGS INC	Buy	3,185,284	4.06
≡	CPRT – COPART INC	Reduce 95.00%	−5,736,076	−3.40
≡	MRSH – MARSH & MCLENNAN COS INC	Reduce 82.00%	−1,223,333	−3.31
≡	WMB – WILLIAMS COS INC	Buy	1,775,909	2.53
≡	INTU – INTUIT	Sell	−238,876	−2.41
≡	MSFT – MICROSOFT CORP	Reduce 28.00%	−285,501	−2.19
≡	SYK – STRYKER CORPORATION	Buy	249,883	1.61
≡	MCO – MOODYS CORP	Reduce 31.00%	−225,744	−1.37
≡	ALK – AIR PRODUCTS AND CHEMICALS I	Buy	233,356	1.33
≡	CSL – CARLISLE COS INC	Buy	201,377	1.32
≡	ADI – ANALOG DEVICES INC	Reduce 18.00%	−218,486	1.26
≡	LIN – LINDE PLC	Add 899.00%	121,155	1.22
≡	EFX – EQUIFAX INC	Reduce 47.00%	−362,181	−1.11
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 7.00%	−209,566	0.92
≡	V – VISA INC	Reduce 17.00%	−251,036	−0.66
≡	MA – MASTERCARD INCORPORATED	Add 55.00%	55,483	0.65
≡	BKNG – BOOKING HOLDINGS INC	Add 17.00%	7,122	0.63
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Reduce 10.00%	−216,636	0.61
≡	WAT – WATERS CORP	Add 8.00%	63,474	0.41
≡	GE – GE AEROSPACE	Reduce 10.00%	−112,542	0.33
≡	FICO – FAIR ISAAC CORP	Add 13.00%	14,427	−0.24
≡	CRM – SALESFORCE INC	Add 13.00%	42,197	0.04
≡	RELX – RELX PLC	Buy	23,447	0.02
Q4 2025filed Feb 17, 262 new3 added9 reduced3 exited
≡	INTU – INTUIT	Reduce 65.00%	−435,549	−4.14
≡	CSCO – CISCO SYS INC	Buy	3,113,706	3.65
≡	CP – CANADIAN PACIFIC KANSAS CITY	Add 270.00%	2,157,801	2.47
≡	BKNG – BOOKING HOLDINGS INC	Reduce 34.00%	−21,817	−1.47
≡	ZTS – ZOETIS INC	Sell	−683,704	−1.42
≡	RACE – FERRARI N V	Add 49.00%	311,907	1.00
≡	MRSH – MARSH & MCLENNAN COS INC	Reduce 17.00%	−314,893	−0.96
≡	WAT – WATERS CORP	Reduce 7.00%	−53,493	0.92
≡	EFX – EQUIFAX INC	Reduce 18.00%	−172,393	−0.89
≡	MA – MASTERCARD INCORPORATED	Buy	100,109	0.87
≡	CDNS – CADENCE DESIGN SYSTEM INC	Sell	−168,767	−0.84
≡	LIN – LINDE PLC	Reduce 83.00%	−65,609	−0.45
≡	GE – GE AEROSPACE	Reduce 16.00%	−211,487	−0.45
≡	FICO – FAIR ISAAC CORP	Reduce 9.00%	−10,861	0.27
≡	BAH – BOOZ ALLEN HAMILTON HLDG COR	Sell	−86,866	−0.12
≡	CPRT – COPART INC	Add 9.00%	482,889	0.05
≡	V – VISA INC	Reduce 9.00%	−146,890	−0.01
Q3 2025filed Nov 13, 251 new2 added7 reduced3 exited
≡	AMZN – AMAZON COM INC	Add 24.00%	347,385	1.60
≡	ZTS – ZOETIS INC	Reduce 55.00%	−827,222	−1.55
≡	GE – GE AEROSPACE	Reduce 36.00%	−742,130	−1.05
≡	FICO – FAIR ISAAC CORP	Reduce 19.00%	−29,627	−0.91
≡	CP – CANADIAN PACIFIC KANSAS CITY	Buy	799,560	0.85
≡	ILMN – ILLUMINA INC	Sell	−533,954	−0.64
≡	CRM – SALESFORCE INC	Reduce 31.00%	−143,126	−0.52
≡	CDNS – CADENCE DESIGN SYSTEM INC	Add 28.00%	36,960	0.33
≡	TMO – THERMO FISHER SCIENTIFIC INC	Sell	−26,427	−0.14
≡	MSFT – MICROSOFT CORP	Reduce 16.00%	−203,561	−0.12
≡	BKNG – BOOKING HOLDINGS INC	Reduce 6.00%	−4,489	−0.09
≡	MCO – MOODYS CORP	Reduce 7.00%	−60,411	−0.04
≡	CNI – CANADIAN NATL RY CO	Sell	−19,073	−0.03
Q2 2025filed Aug 13, 256 added6 reduced1 exited
≡	ACN – ACCENTURE PLC IRELAND	Sell	−1,238,638	−5.01
≡	FLUT – FLUTTER ENTMT PLC	Add 15.00%	382,537	3.28
≡	INTU – INTUIT	Add 22.00%	119,972	2.29
≡	TMO – THERMO FISHER SCIENTIFIC INC	Reduce 92.00%	−306,418	−2.01
≡	MRSH – MARSH & MCLENNAN COS INC	Reduce 16.00%	−339,530	−1.80
≡	WAT – WATERS CORP	Reduce 11.00%	−99,869	−0.77
≡	RACE – FERRARI N V	Add 10.00%	60,988	0.77
≡	V – VISA INC	Reduce 7.00%	−132,600	−0.71
≡	EFX – EQUIFAX INC	Add 20.00%	148,915	0.57
≡	CRM – SALESFORCE INC	Add 30.00%	109,346	0.36
≡	GE – GE AEROSPACE	Reduce 16.00%	−403,261	0.30
≡	ILMN – ILLUMINA INC	Reduce 40.00%	−355,760	−0.27
≡	ALC – ALCON AG	Add 8.00%	597,835	−0.13
Q1 2025filed May 14, 252 new9 added7 reduced3 exited
≡	FLUT – FLUTTER ENTMT PLC	Buy	2,590,673	7.42
≡	PG – PROCTER AND GAMBLE CO	Sell	−1,172,423	−2.72
≡	WMG – WARNER MUSIC GROUP CORP	Sell	−4,323,994	−1.85
≡	ALC – ALCON AG	Add 21.00%	1,239,291	1.84
≡	MSCI – MSCI INC	Sell	−208,903	−1.73
≡	ACN – ACCENTURE PLC IRELAND	Reduce 6.00%	−72,827	−1.36
≡	CRM – SALESFORCE INC	Buy	359,908	1.25
≡	INTU – INTUIT	Reduce 7.00%	−38,668	−0.74
≡	MCO – MOODYS CORP	Add 27.00%	173,347	0.72
≡	MSFT – MICROSOFT CORP	Add 9.00%	107,983	−0.56
≡	CDNS – CADENCE DESIGN SYSTEM INC	Reduce 39.00%	−86,535	−0.48
≡	RACE – FERRARI N V	Reduce 6.00%	−34,604	−0.42
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Reduce 12.00%	−323,230	−0.26
≡	CPRT – COPART INC	Add 16.00%	689,683	0.25
≡	LIN – LINDE PLC	Reduce 34.00%	−43,071	−0.23
≡	GE – GE AEROSPACE	Reduce 8.00%	−226,790	0.20
≡	ADI – ANALOG DEVICES INC	Add 7.00%	76,623	−0.17
≡	TMO – THERMO FISHER SCIENTIFIC INC	Add 6.00%	19,061	−0.11
≡	WAT – WATERS CORP	Add 9.00%	71,836	0.06
≡	CNI – CANADIAN NATL RY CO	Add 74.00%	8,081	0.01
≡	ILMN – ILLUMINA INC	Add 80.00%	394,428	0.00
Q4 2024filed Feb 12, 252 new7 added6 reduced
≡	FICO – FAIR ISAAC CORP	Reduce 33.00%	−73,574	−1.54
≡	LIN – LINDE PLC	Reduce 64.00%	−225,547	−1.46
≡	TMO – THERMO FISHER SCIENTIFIC INC	Reduce 26.00%	−109,689	−1.16
≡	CPRT – COPART INC	Add 21.00%	765,698	1.01
≡	ACN – ACCENTURE PLC IRELAND	Add 12.00%	136,236	0.96
≡	WMG – WARNER MUSIC GROUP CORP	Reduce 37.00%	−2,538,131	−0.95
≡	ILMN – ILLUMINA INC	Buy	495,286	0.91
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Reduce 13.00%	−373,931	−0.87
≡	INTU – INTUIT	Add 8.00%	45,603	0.72
≡	EFX – EQUIFAX INC	Add 32.00%	176,434	0.45
≡	MSFT – MICROSOFT CORP	Reduce 10.00%	−122,525	−0.44
≡	PG – PROCTER AND GAMBLE CO	Add 11.00%	114,397	0.33
≡	CDNS – CADENCE DESIGN SYSTEM INC	Add 13.00%	25,366	0.23
≡	BAH – BOOZ ALLEN HAMILTON HLDG COR	Buy	92,490	0.16
≡	CNI – CANADIAN NATL RY CO	Add 11.00%	1,081	0.00
Q3 2024filed Nov 13, 246 added11 reduced1 exited
≡	EL – LAUDER ESTEE COS INC	Sell	−1,409,881	−2.06
≡	V – VISA INC	Add 35.00%	460,821	1.62
≡	MSCI – MSCI INC	Reduce 55.00%	−255,586	−1.49
≡	MRSH – MARSH & MCLENNAN COS INC	Add 33.00%	486,253	1.43
≡	HHH – INTERCONTINENTAL EXCHANGE INC	Add 12.00%	308,800	1.21
≡	AMZN – AMAZON COM INC	Add 59.00%	551,277	1.13
≡	INTU – INTUIT	Reduce 8.00%	−45,631	−0.93
≡	FICO – FAIR ISAAC CORP	Reduce 30.00%	−95,557	−0.87
≡	CPRT – COPART INC	Add 53.00%	1,256,264	0.71
≡	CDNS – CADENCE DESIGN SYSTEM INC	Reduce 35.00%	−104,831	−0.58
≡	TMO – THERMO FISHER SCIENTIFIC INC	Reduce 19.00%	−100,775	−0.57
≡	BKNG – BOOKING HLDGS INC	Reduce 12.00%	−10,626	−0.54
≡	ADI – ANALOG DEVICES INC	Add 21.00%	195,366	0.46
≡	WMG – WARNER MUSIC GROUP CORP	Reduce 8.00%	−601,682	−0.34
≡	GE – GENERAL ELECTRIC CO	Reduce 7.00%	−200,838	0.28
≡	EFX – EQUIFAX INC	Reduce 21.00%	−146,154	−0.21
≡	WAT – WATERS CORP	Reduce 10.00%	−88,445	0.20
≡	MCO – MOODYS CORP	Reduce 8.00%	−63,320	−0.09
Q2 2024filed Aug 13, 242 new9 added3 reduced3 exited
≡	EL – LAUDER ESTEE COS INC	Reduce 48.00%	−1,299,976	−3.86
≡	ACN – ACCENTURE PLC IRELAND	Add 143.00%	718,691	2.63
≡	AMZN – AMAZON COM INC	Buy	937,004	2.49
≡	FICO – FAIR ISAAC CORP	Add 27.00%	68,371	2.09
≡	NKE – NIKE INC	Sell	−1,498,301	−1.99
≡	OTIS – OTIS WORLDWIDE CORP	Sell	−761,938	−1.07
≡	MAR – MARRIOTT INTL INC NEW	Sell	−261,008	−0.93
≡	ADI – ANALOG DEVICES INC	Add 28.00%	203,121	0.88
≡	MSFT – MICROSOFT CORP	Add 8.00%	92,874	0.77
≡	ZTS – ZOETIS INC	Reduce 14.00%	−239,942	−0.60
≡	MRSH – MARSH & MCLENNAN COS	Add 17.00%	211,930	0.59
≡	INTU – INTUIT	Add 14.00%	72,097	0.56
≡	CPRT – COPART INC	Reduce 15.00%	−431,899	−0.53
≡	TMO – THERMO FISHER SCIENTIFIC INC	Add 14.00%	64,065	0.20
≡	GE – GENERAL ELECTRIC CO	Add 16.00%	385,150	0.10
≡	WMG – WARNER MUSIC GROUP CORP	Add 14.00%	936,417	0.09
≡	CNI – CANADIAN NATL RY CO	Buy	9,658	0.02
Q1 2024filed May 14, 241 new9 added9 reduced3 exited
≡	AKX – ANSYS INC	Sell	−971,461	−5.02
≡	ACN – ACCENTURE PLC IRELAND	Reduce 58.00%	−687,202	−3.47
≡	MSCI – MSCI INC	Add 384.00%	349,772	2.77
≡	TMO – THERMO FISHER SCIENTIFIC INC	Add 181.00%	296,246	2.55
≡	URI – UNITED RENTALS INC	Sell	−253,099	−2.07
≡	ADI – ANALOG DEVICES INC	Buy	725,799	2.03
≡	EL – LAUDER ESTEE COS INC	Add 45.00%	838,783	2.02
≡	BKNG – BOOKING HLDGS INC	Reduce 26.00%	−30,360	−1.45
≡	WMG – WARNER MUSIC GROUP CORP	Add 75.00%	2,797,836	1.15
≡	V – VISA INC	Reduce 23.00%	−379,443	−1.09
≡	CDNS – CADENCE DESIGN SYSTEM INC	Reduce 48.00%	−291,941	−0.97
≡	LIN – LINDE PLC	Reduce 37.00%	−198,227	−0.91
≡	NKE – NIKE INC	Reduce 20.00%	−368,155	−0.89
≡	CPRT – COPART INC	Add 32.00%	684,287	0.82
≡	OTIS – OTIS WORLDWIDE CORP	Reduce 48.00%	−709,471	−0.80
≡	ZTS – ZOETIS INC	Add 41.00%	508,238	0.71
≡	PG – PROCTER AND GAMBLE CO	Add 29.00%	226,994	0.69
≡	HHH – INTERCONTINENTAL EXCHANGE INC	Reduce 17.00%	−537,045	−0.66
≡	MRSH – MARSH & MCLENNAN COS	Add 8.00%	93,809	0.54
≡	WAT – WARTERS CORP	Add 9.00%	66,841	0.47
≡	ALLE – ALLEGION PLC	Sell	−234,045	−0.42
≡	FICO – FAIR ISAAC CORP	Reduce 11.00%	−30,148	−0.22

Hist

Stock

Activity

Share change

% change to portfolio

Q1 2026filed May 15, 266 new7 added11 reduced1 exited

≡

FLUT – FLUTTER ENTMT PLC

Reduce 84.00%

−2,622,399

−9.23

≡

ALC – ALCON AG

Add 21.00%

1,637,956

4.34

≡

SUNB – SUNBELT RENTALS HOLDINGS INC

Buy

3,185,284

4.06

≡

CPRT – COPART INC

Reduce 95.00%

−5,736,076

−3.40

≡

MRSH – MARSH & MCLENNAN COS INC

Reduce 82.00%

−1,223,333

−3.31

≡

WMB – WILLIAMS COS INC

Buy

1,775,909

2.53

≡

INTU – INTUIT

Sell

−238,876

−2.41

≡

MSFT – MICROSOFT CORP

Reduce 28.00%

−285,501

−2.19

≡

SYK – STRYKER CORPORATION

Buy

249,883

1.61

≡

MCO – MOODYS CORP

Reduce 31.00%

−225,744

−1.37

≡

ALK – AIR PRODUCTS AND CHEMICALS I

Buy

233,356

1.33

≡

CSL – CARLISLE COS INC

Buy

201,377

1.32

≡

ADI – ANALOG DEVICES INC

Reduce 18.00%

−218,486

1.26

≡

LIN – LINDE PLC

Add 899.00%

121,155

1.22

≡

EFX – EQUIFAX INC

Reduce 47.00%

−362,181

−1.11

≡

CP – CANADIAN PACIFIC KANSAS CITY

Reduce 7.00%

−209,566

0.92

≡

V – VISA INC

Reduce 17.00%

−251,036

−0.66

≡

MA – MASTERCARD INCORPORATED

Add 55.00%

55,483

0.65

≡

BKNG – BOOKING HOLDINGS INC

Add 17.00%

7,122

0.63

≡

HHH – INTERCONTINENTAL EXCHANGE IN

Reduce 10.00%

−216,636

0.61

≡

WAT – WATERS CORP

Add 8.00%

63,474

0.41

≡

GE – GE AEROSPACE

Reduce 10.00%

−112,542

0.33

≡

FICO – FAIR ISAAC CORP

Add 13.00%

14,427

−0.24

≡

CRM – SALESFORCE INC

Add 13.00%

42,197

0.04

≡

RELX – RELX PLC

Buy

23,447

0.02

Q4 2025filed Feb 17, 262 new3 added9 reduced3 exited

≡

INTU – INTUIT

Reduce 65.00%

−435,549

−4.14

≡

CSCO – CISCO SYS INC

Buy

3,113,706

3.65

≡

CP – CANADIAN PACIFIC KANSAS CITY

Add 270.00%

2,157,801

2.47

≡

BKNG – BOOKING HOLDINGS INC

Reduce 34.00%

−21,817

−1.47

≡

ZTS – ZOETIS INC

Sell

−683,704

−1.42

≡

RACE – FERRARI N V

Add 49.00%

311,907

1.00

≡

MRSH – MARSH & MCLENNAN COS INC

Reduce 17.00%

−314,893

−0.96

≡

WAT – WATERS CORP

Reduce 7.00%

−53,493

0.92

≡

EFX – EQUIFAX INC

Reduce 18.00%

−172,393

−0.89

≡

MA – MASTERCARD INCORPORATED

Buy

100,109

0.87

≡

CDNS – CADENCE DESIGN SYSTEM INC

Sell

−168,767

−0.84

≡

LIN – LINDE PLC

Reduce 83.00%

−65,609

−0.45

≡

GE – GE AEROSPACE

Reduce 16.00%

−211,487

−0.45

≡

FICO – FAIR ISAAC CORP

Reduce 9.00%

−10,861

0.27

≡

BAH – BOOZ ALLEN HAMILTON HLDG COR

Sell

−86,866

−0.12

≡

CPRT – COPART INC

Add 9.00%

482,889

0.05

≡

V – VISA INC

Reduce 9.00%

−146,890

−0.01

Q3 2025filed Nov 13, 251 new2 added7 reduced3 exited

≡

AMZN – AMAZON COM INC

Add 24.00%

347,385

1.60

≡

ZTS – ZOETIS INC

Reduce 55.00%

−827,222

−1.55

≡

GE – GE AEROSPACE

Reduce 36.00%

−742,130

−1.05

≡

FICO – FAIR ISAAC CORP

Reduce 19.00%

−29,627

−0.91

≡

CP – CANADIAN PACIFIC KANSAS CITY

Buy

799,560

0.85

≡

ILMN – ILLUMINA INC

Sell

−533,954

−0.64

≡

CRM – SALESFORCE INC

Reduce 31.00%

−143,126

−0.52

≡

CDNS – CADENCE DESIGN SYSTEM INC

Add 28.00%

36,960

0.33

≡

TMO – THERMO FISHER SCIENTIFIC INC

Sell

−26,427

−0.14

≡

MSFT – MICROSOFT CORP

Reduce 16.00%

−203,561

−0.12

≡

BKNG – BOOKING HOLDINGS INC

Reduce 6.00%

−4,489

−0.09

≡

MCO – MOODYS CORP

Reduce 7.00%

−60,411

−0.04

≡

CNI – CANADIAN NATL RY CO

Sell

−19,073

−0.03

Q2 2025filed Aug 13, 256 added6 reduced1 exited

≡

ACN – ACCENTURE PLC IRELAND

Sell

−1,238,638

−5.01

≡

FLUT – FLUTTER ENTMT PLC

Add 15.00%

382,537

3.28

≡

INTU – INTUIT

Add 22.00%

119,972

2.29

≡

TMO – THERMO FISHER SCIENTIFIC INC

Reduce 92.00%

−306,418

−2.01

≡

MRSH – MARSH & MCLENNAN COS INC

Reduce 16.00%

−339,530

−1.80

≡

WAT – WATERS CORP

Reduce 11.00%

−99,869

−0.77

≡

RACE – FERRARI N V

Add 10.00%

60,988

0.77

≡

V – VISA INC

Reduce 7.00%

−132,600

−0.71

≡

EFX – EQUIFAX INC

Add 20.00%

148,915

0.57

≡

CRM – SALESFORCE INC

Add 30.00%

109,346

0.36

≡

GE – GE AEROSPACE

Reduce 16.00%

−403,261

0.30

≡

ILMN – ILLUMINA INC

Reduce 40.00%

−355,760

−0.27

≡

ALC – ALCON AG

Add 8.00%

597,835

−0.13

Q1 2025filed May 14, 252 new9 added7 reduced3 exited

≡

FLUT – FLUTTER ENTMT PLC

Buy

2,590,673

7.42

≡

PG – PROCTER AND GAMBLE CO

Sell

−1,172,423

−2.72

≡

WMG – WARNER MUSIC GROUP CORP

Sell

−4,323,994

−1.85

≡

ALC – ALCON AG

Add 21.00%

1,239,291

1.84

≡

MSCI – MSCI INC

Sell

−208,903

−1.73

≡

ACN – ACCENTURE PLC IRELAND

Reduce 6.00%

−72,827

−1.36

≡

CRM – SALESFORCE INC

Buy

359,908

1.25

≡

INTU – INTUIT

Reduce 7.00%

−38,668

−0.74

≡

MCO – MOODYS CORP

Add 27.00%

173,347

0.72

≡

MSFT – MICROSOFT CORP

Add 9.00%

107,983

−0.56

≡

CDNS – CADENCE DESIGN SYSTEM INC

Reduce 39.00%

−86,535

−0.48

≡

RACE – FERRARI N V

Reduce 6.00%

−34,604

−0.42

≡

HHH – INTERCONTINENTAL EXCHANGE IN

Reduce 12.00%

−323,230

−0.26

≡

CPRT – COPART INC

Add 16.00%

689,683

0.25

≡

LIN – LINDE PLC

Reduce 34.00%

−43,071

−0.23

≡

GE – GE AEROSPACE

Reduce 8.00%

−226,790

0.20

≡

ADI – ANALOG DEVICES INC

Add 7.00%

76,623

−0.17

≡

TMO – THERMO FISHER SCIENTIFIC INC

Add 6.00%

19,061

−0.11

≡

WAT – WATERS CORP

Add 9.00%

71,836

0.06

≡

CNI – CANADIAN NATL RY CO

Add 74.00%

8,081

0.01

≡

ILMN – ILLUMINA INC

Add 80.00%

394,428

0.00

Q4 2024filed Feb 12, 252 new7 added6 reduced

≡

FICO – FAIR ISAAC CORP

Reduce 33.00%

−73,574

−1.54

≡

LIN – LINDE PLC

Reduce 64.00%

−225,547

−1.46

≡

TMO – THERMO FISHER SCIENTIFIC INC

Reduce 26.00%

−109,689

−1.16

≡

CPRT – COPART INC

Add 21.00%

765,698

1.01

≡

ACN – ACCENTURE PLC IRELAND

Add 12.00%

136,236

0.96

≡

WMG – WARNER MUSIC GROUP CORP

Reduce 37.00%

−2,538,131

−0.95

≡

ILMN – ILLUMINA INC

Buy

495,286

0.91

≡

HHH – INTERCONTINENTAL EXCHANGE IN

Reduce 13.00%

−373,931

−0.87

≡

INTU – INTUIT

Add 8.00%

45,603

0.72

≡

EFX – EQUIFAX INC

Add 32.00%

176,434

0.45

≡

MSFT – MICROSOFT CORP

Reduce 10.00%

−122,525

−0.44

≡

PG – PROCTER AND GAMBLE CO

Add 11.00%

114,397

0.33

≡

CDNS – CADENCE DESIGN SYSTEM INC

Add 13.00%

25,366

0.23

≡

BAH – BOOZ ALLEN HAMILTON HLDG COR

Buy

92,490

0.16

≡

CNI – CANADIAN NATL RY CO

Add 11.00%

1,081

0.00

Q3 2024filed Nov 13, 246 added11 reduced1 exited

≡

EL – LAUDER ESTEE COS INC

Sell

−1,409,881

−2.06

≡

V – VISA INC

Add 35.00%

460,821

1.62

≡

MSCI – MSCI INC

Reduce 55.00%

−255,586

−1.49

≡

MRSH – MARSH & MCLENNAN COS INC

Add 33.00%

486,253

1.43

≡

HHH – INTERCONTINENTAL EXCHANGE INC

Add 12.00%

308,800

1.21

≡

AMZN – AMAZON COM INC

Add 59.00%

551,277

1.13

≡

INTU – INTUIT

Reduce 8.00%

−45,631

−0.93

≡

FICO – FAIR ISAAC CORP

Reduce 30.00%

−95,557

−0.87

≡

CPRT – COPART INC

Add 53.00%

1,256,264

0.71

≡

CDNS – CADENCE DESIGN SYSTEM INC

Reduce 35.00%

−104,831

−0.58

≡

TMO – THERMO FISHER SCIENTIFIC INC

Reduce 19.00%

−100,775

−0.57

≡

BKNG – BOOKING HLDGS INC

Reduce 12.00%

−10,626

−0.54

≡

ADI – ANALOG DEVICES INC

Add 21.00%

195,366

0.46

≡

WMG – WARNER MUSIC GROUP CORP

Reduce 8.00%

−601,682

−0.34

≡

GE – GENERAL ELECTRIC CO

Reduce 7.00%

−200,838

0.28

≡

EFX – EQUIFAX INC

Reduce 21.00%

−146,154

−0.21

≡

WAT – WATERS CORP

Reduce 10.00%

−88,445

0.20

≡

MCO – MOODYS CORP

Reduce 8.00%

−63,320

−0.09

Q2 2024filed Aug 13, 242 new9 added3 reduced3 exited

≡

EL – LAUDER ESTEE COS INC

Reduce 48.00%

−1,299,976

−3.86

≡

ACN – ACCENTURE PLC IRELAND

Add 143.00%

718,691

2.63

≡

AMZN – AMAZON COM INC

Buy

937,004

2.49

≡

FICO – FAIR ISAAC CORP

Add 27.00%

68,371

2.09

≡

NKE – NIKE INC

Sell

−1,498,301

−1.99

≡

OTIS – OTIS WORLDWIDE CORP

Sell

−761,938

−1.07

≡

MAR – MARRIOTT INTL INC NEW

Sell

−261,008

−0.93

≡

ADI – ANALOG DEVICES INC

Add 28.00%

203,121

0.88

≡

MSFT – MICROSOFT CORP

Add 8.00%

92,874

0.77

≡

ZTS – ZOETIS INC

Reduce 14.00%

−239,942

−0.60

≡

MRSH – MARSH & MCLENNAN COS

Add 17.00%

211,930

0.59

≡

INTU – INTUIT

Add 14.00%

72,097

0.56

≡

CPRT – COPART INC

Reduce 15.00%

−431,899

−0.53

≡

TMO – THERMO FISHER SCIENTIFIC INC

Add 14.00%

64,065

0.20

≡

GE – GENERAL ELECTRIC CO

Add 16.00%

385,150

0.10

≡

WMG – WARNER MUSIC GROUP CORP

Add 14.00%

936,417

0.09

≡

CNI – CANADIAN NATL RY CO

Buy

9,658

0.02

Q1 2024filed May 14, 241 new9 added9 reduced3 exited

≡

AKX – ANSYS INC

Sell

−971,461

−5.02

≡

ACN – ACCENTURE PLC IRELAND

Reduce 58.00%

−687,202

−3.47

≡

MSCI – MSCI INC

Add 384.00%

349,772

2.77

≡

TMO – THERMO FISHER SCIENTIFIC INC

Add 181.00%

296,246

2.55

≡

URI – UNITED RENTALS INC

Sell

−253,099

−2.07

≡

ADI – ANALOG DEVICES INC

Buy

725,799

2.03

≡

EL – LAUDER ESTEE COS INC

Add 45.00%

838,783

2.02

≡

BKNG – BOOKING HLDGS INC

Reduce 26.00%

−30,360

−1.45

≡

WMG – WARNER MUSIC GROUP CORP

Add 75.00%

2,797,836

1.15

≡

V – VISA INC

Reduce 23.00%

−379,443

−1.09

≡

CDNS – CADENCE DESIGN SYSTEM INC

Reduce 48.00%

−291,941

−0.97

≡

LIN – LINDE PLC

Reduce 37.00%

−198,227

−0.91

≡

NKE – NIKE INC

Reduce 20.00%

−368,155

−0.89

≡

CPRT – COPART INC

Add 32.00%

684,287

0.82

≡

OTIS – OTIS WORLDWIDE CORP

Reduce 48.00%

−709,471

−0.80

≡

ZTS – ZOETIS INC

Add 41.00%

508,238

0.71

≡

PG – PROCTER AND GAMBLE CO

Add 29.00%

226,994

0.69

≡

HHH – INTERCONTINENTAL EXCHANGE INC

Reduce 17.00%

−537,045

−0.66

≡

MRSH – MARSH & MCLENNAN COS

Add 8.00%

93,809

0.54

≡

WAT – WARTERS CORP

Add 9.00%

66,841

0.47

≡

ALLE – ALLEGION PLC

Sell

−234,045

−0.42

≡

FICO – FAIR ISAAC CORP

Reduce 11.00%

−30,148

−0.22