Cisco Systems Inc (CSCO) is gone from Nicolai Tangen's AKO Capital portfolio as of September 30, 2026, according to the 13F-HR filed with the SEC on November 13, 2026. A quarter earlier the position was 1.97M shares worth about $232M, or 5.4% of the reported book. CSCO had been in the portfolio for 3 quarters, since the quarter ended December 31, 2025.
What did the 2026 Q3 filing report for CSCO?
As of September 30, 2026, from the 13F-HR filed November 13, 2026.
| Before | After | |
|---|---|---|
| Shares | 1.97M | 0 |
| Reported value | $232M | $0 |
| Portfolio weight | 5.4% | 0% |
| Held since | 2025 Q4 | sold out in 2026 Q3 |
| Quarters held | 3 |
What did Nicolai Tangen sell?
Nicolai Tangen sold 1.97M shares of CSCO between the quarter ended June 30, 2026 and September 30, 2026. The CSCO exit was the 2nd largest of the quarter's 23 position changes by percent change to portfolio.
Where does CSCO sit in the Nicolai Tangen portfolio?
Before the sale, CSCO carried 5.4% of the Nicolai Tangen portfolio, about the fund's average stock position of 6%. The largest stock position is ALC at 17.68%. Next come SUNB at 15.81% and RACE at 9.25%. The three largest stocks together are 42.74% of the book. 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 CSCO?
Nicolai Tangen held CSCO for 3 quarters, from the quarter ended December 31, 2025 to June 30, 2026. The weight peaked at 5.4% in 2026 Q2. Last quarter the fund had already cut the position by 35%, so the exit finishes a two-quarter unwind. Every reported trade is on the Nicolai Tangen CSCO trade history page.
FAQ
How many CSCO shares did Nicolai Tangen sell?
Nicolai Tangen sold all 1.97M shares of CSCO it reported a quarter earlier, worth about $232M.
When did Nicolai Tangen first buy CSCO?
Nicolai Tangen first reported CSCO in the quarter ended December 31, 2025.
How much of the Nicolai Tangen portfolio was CSCO?
CSCO was 5.4% of the Nicolai Tangen portfolio at the prior quarter-end, and 0% after the sale.