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Nicolai Tangen's AKO Capital exited its entire CRM position, 1.3% of the portfolio.

Sold out of a position that was 354,805 shares worth $66.23M as of the previous filing.
Published · Based on SEC filings

Medium impact
Position exited
2026 Q2

Nicolai Tangen's AKO Capital sold its entire Salesforce.com Inc (CRM) position in 2026 Q2, according to the 13F-HR filed with the SEC on August 12, 2026. The prior filing listed 355K shares worth about $66.2M, 1.3% of the portfolio; the 2026 Q2 filing lists none. CRM had been in the portfolio for about 1 year, since the quarter ended March 31, 2025.

What did the 2026 Q2 filing report for CRM?

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

Before After
Shares 355K 0
Reported value $66.2M $0
Portfolio weight 1.3% 0%
Held since 2025 Q1 sold out in 2026 Q2
Quarters held 5

What did Nicolai Tangen sell?

Nicolai Tangen sold 355K shares of CRM between the quarter ended March 31, 2026 and June 30, 2026. The CRM exit was the 12th largest of the quarter's 27 position changes by percent change to portfolio.

Where does CRM sit in the Nicolai Tangen portfolio?

Before the sale, CRM carried 1.3% of the Nicolai Tangen portfolio, below 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. 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 CRM?

Nicolai Tangen held CRM for about 1 year, from the quarter ended March 31, 2025 to March 31, 2026. The weight peaked at 1.61% in 2025 Q2. Last quarter the fund had added to the position by 13%. Every reported trade is on the Nicolai Tangen CRM trade history page.

Nicolai Tangen shares of CRM by quarter

Did other funds buy or sell CRM in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 12, 2026, 11 still hold CRM. One other tracked fund sold out of it this quarter as well. Meanwhile one opened it. The largest buyers of CRM this quarter were Lewis Sanders, Bill Nygren and Independent Franchise Partners. The largest sellers were Vulcan Value Partners, Wallace Weitz and Polen Capital Management. Every tracked holder of CRM is on the CRM ownership page.

FAQ

How many CRM shares did Nicolai Tangen sell?

Nicolai Tangen sold all 355K shares of CRM it reported a quarter earlier, worth about $66.2M.

When did Nicolai Tangen first buy CRM?

Nicolai Tangen first reported CRM in the quarter ended March 31, 2025.

How much of the Nicolai Tangen portfolio was CRM?

CRM was 1.3% of the Nicolai Tangen portfolio at the prior quarter-end, and 0% after the sale.

Did other funds sell CRM in 2026 Q2?

One other tracked fund sold out of CRM in 2026 Q2 and 2 trimmed it; 11 still hold 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