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Nicolai Tangen's AKO Capital increased its APD position by 137%, from 1.33% to 3.78% of the portfolio.

Now holds 553,359 shares worth $162.23M.
Published · Based on SEC filings

Medium impact
Major add
2026 Q2

Nicolai Tangen's AKO Capital bought 320K shares more of Air Products and Chemicals Inc (APD) in 2026 Q2, according to the 13F-HR filed with the SEC on August 12, 2026, a 137% increase in the share count. Nicolai Tangen now holds 553K shares worth about $162.2M, 3.78% of the portfolio against 1.33% a quarter earlier.

What did the 2026 Q2 filing report for APD?

As of June 30, 2026, from the 13F-HR filed August 12, 2026.

Before After
Shares 233K 553K
Shares added +320K (137%)
Reported value $67.8M $162.2M
Portfolio weight 1.33% 3.78%
Rank in portfolio 12th of 22

How much did Nicolai Tangen add to APD?

Nicolai Tangen added 320K shares of APD during 2026 Q2, taking the stake from 233K to 553K. The reported value of the position rose by about $94.4M, from about $67.8M to about $162.2M.

Where does APD sit in the Nicolai Tangen portfolio?

APD ranks 12th of 22 stock positions in the Nicolai Tangen portfolio at 3.78%, about the fund's average stock position of 5%. The largest stock position is ALC at 15.19%. Next come SUNB at 10.59% and V at 7.87%. The three largest stocks together are 33.65% of the book. The APD addition was the 7th largest of the quarter's 27 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Nicolai Tangen reported 22 stock positions, with none opened and 5 closed. The total portfolio value is about $4.3B, down 16% from the prior quarter.

Nicolai Tangen buys and sells, 2026 Q2

How long has Nicolai Tangen held APD?

Nicolai Tangen first reported APD in the quarter ended March 31, 2026. Every reported trade is on the Nicolai Tangen APD trade history page.

Nicolai Tangen shares of APD by quarter

Did other funds buy or sell APD in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 12, 2026, 3 hold APD. Of those, 1 added to the position this quarter and 1 trimmed it. The largest buyer of APD this quarter was Ole Andreas Halvorsen. The largest seller was Eric H. Schoenstein. Every tracked holder of APD is on the APD ownership page.

FAQ

How many APD shares did Nicolai Tangen buy in 2026 Q2?

Nicolai Tangen added 320K shares of APD, a 137% increase, to 553K shares.

What is the APD position of Nicolai Tangen worth now?

The APD position of Nicolai Tangen is worth about $162.2M at June 30, 2026 prices, 3.78% of the portfolio.

Is APD a top holding of Nicolai Tangen?

APD ranks 12th of 22 stock positions in the Nicolai Tangen portfolio, at 3.78%.

Did other funds add to APD in 2026 Q2?

Among the 3 other tracked funds that hold APD, 1 added to it in 2026 Q2 and 1 trimmed it.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst