Nicolai Tangen
AKO Capital
AKO Capital Portfolio 13F
Nicolai Tangen Holdings Activity
- Portfolio value:
- $6.57B≈ (-$465M≈)
- Previous value:
- $7.03B≈
- # of changes:
- 25
- New positions:
- 2
- Reported for:
- 31 Dec 2025 (Q4)
- Latest filing date:
- 17 Feb 2026
AKO Capital has disclosed a total of 25 changes to the portfolio in the (2025 Q4) SEC report(s): increased the number of shares of 5, bought 2 totally new, decreased the number of shares of 15 and completely sold out 3 position(s).
What stocks did Nicolai Tangen buy in 2025 Q4?
During 2025 Q4 Nicolai Tangen has bought 7 securities out of which top 5 purchases (by % change to portfolio) were (RACE) FERRARI NV (added shares +49.28%), (ADI) Analog Devices Inc (added shares +2.03%), (ICE) Intercontinental Exchange Inc (added shares +0.01%), (CSCO) Cisco Systems Inc (new buy) and (CPRT) Copart Inc (added shares +8.74%).
In the 2025 Q4 report(s) the following changes have been made to the top investments: (FLUT) FLUTTER ENTERTAINMENT PLC-DI (reduced shares -0.34%), (ALC) Alcon AG (reduced shares -3.61%), (V) Visa Inc, CL-A (reduced shares -9.27%), (MSFT) Microsoft Corp (reduced shares -4.52%) and (AMZN) Amazon.com Inc (reduced shares -3.90%).
25 results
| History | Ticker | Name |
% or activity |
Shares change |
Shares held after* |
% change to portfolio |
Reported price* |
% difference current price* |
% of portfolio |
Held since* | Held for* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Cisco Systems Inc
|
new
|
+3,113,706
|
3,113,706
|
+3.65%
|
$77.03
|
+50.44%($115.88)
|
3.65%
|
2025 Q4
|
≈ 0.25 years
|
|
|
|
Mastercard Inc
|
new
|
+100,109
|
100,109
|
+0.87%
|
$570.88
|
+0.44%($573.40)
|
0.87%
|
2025 Q4
|
≈ 0.25 years
|
|
|
|
Canadian Pacific Kansas City Limited
|
+269.87%
|
+2,157,801
|
2,957,361
|
+2.42%
|
$73.63
|
+20.75%($88.90)
|
3.32%
|
2025 Q3
|
≈ 0.50 years
|
|
|
|
FERRARI NV
|
+49.28%
|
+311,907
|
944,867
|
+1.77%
|
$372.05
|
+5.92%($394.08)
|
5.35%
|
2016 Q4
|
≈ 9.25 years
|
|
|
|
Copart Inc
|
+8.74%
|
+482,889
|
6,010,134
|
+0.29%
|
$39.15
|
-25.81%($29.04)
|
3.58%
|
2023 Q1
|
≈ 3.00 years
|
|
|
|
Analog Devices Inc
|
+2.03%
|
+24,862
|
1,248,009
|
+0.1%
|
$271.20
|
+35.77%($368.20)
|
5.15%
|
2024 Q1
|
≈ 2.00 years
|
|
|
|
Intercontinental Exchange Inc
|
+0.01%
|
+184
|
2,084,185
|
+0%
|
$161.96
|
-6.11%($152.06)
|
5.14%
|
2020 Q3
|
≈ 5.50 years
|
|
|
|
FLUTTER ENTERTAINMENT PLC-DI
|
-0.34%
|
-10,690
|
3,109,426
|
-0.03%
|
$215.44
|
-51.68%($104.10)
|
10.20%
|
2025 Q1
|
≈ 1.00 year
|
|
|
|
Alcon AG
|
-3.61%
|
-287,664
|
7,686,700
|
-0.32%
|
$79.27
|
-13.68%($68.43)
|
9.28%
|
2019 Q2
|
≈ 6.75 years
|
|
|
|
Amazon.com Inc
|
-3.90%
|
-70,430
|
1,737,603
|
-0.23%
|
$230.82
|
+17.43%($271.05)
|
6.11%
|
2024 Q2
|
≈ 1.75 years
|
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted.