Nicolai Tangen's AKO Capital holds 8.62M shares of Alcon AG (ALC) worth about $558M as of September 30, 2026, according to the 13F-HR filed with the SEC on November 13, 2026. The position is 17.68% of the reported portfolio, the largest of 18 stock positions. Nicolai Tangen trimmed the share count by 11% in 2026 Q3.
What did the 2026 Q3 filing report for ALC?
As of September 30, 2026, from the 13F-HR filed November 13, 2026.
| Value | |
|---|---|
| Portfolio weight | 17.68% |
| Shares | 8.62M |
| Reported value | $558M |
| Rank in portfolio | 1st of 18 |
| Next largest holding | SUNB at 15.81% |
| Top three holdings | 42.74% of the book |
| Change this quarter | -11% shares |
How concentrated is Nicolai Tangen in ALC?
ALC at 17.68% is 3.2 times the average stock position in the Nicolai Tangen portfolio, which is 6%. The next largest holding is SUNB at 15.81%. The three largest stocks together are 42.74% of the reported book. A quarter earlier ALC was 15.19% of the book.
Where does ALC sit in the Nicolai Tangen portfolio?
ALC is the largest of 18 stock positions in the Nicolai Tangen portfolio at 17.68%, above the fund's average stock position of 6%. The ALC cut was the 6th largest of the quarter's 23 position changes by percent change to portfolio. Across the 2026 Q3 portfolio, Nicolai Tangen reported 18 stock positions, with 1 opened and 5 closed. The total portfolio value is about $3.15B, down 26% from the prior quarter.
How long has Nicolai Tangen held ALC?
Nicolai Tangen first reported ALC in the quarter ended June 30, 2019. The current weight is the highest the fund has reported for the name. Last quarter the fund added to the position by 4%. Every reported trade is on the Nicolai Tangen ALC trade history page.
FAQ
What share of the Nicolai Tangen portfolio is ALC?
ALC is 17.68% of the Nicolai Tangen portfolio as of 2026 Q3, the largest of 18 stock positions.
What is the ALC stake of Nicolai Tangen worth?
Nicolai Tangen holds 8.62M shares of ALC, worth about $558M at September 30, 2026 prices, 17.68% of the reported portfolio.
What are the largest holdings of Nicolai Tangen?
The largest stock positions of Nicolai Tangen as of 2026 Q3 are ALC (17.68%), SUNB (15.81%) and RACE (9.25%), together 42.74% of the book.
Did Nicolai Tangen's AKO Capital change its ALC position in 2026 Q3?
Nicolai Tangen trimmed the share count by 11% in 2026 Q3.