# AKO Capital portfolio: Q2 2026 13F holdings | moatshark

Gorm Thomassen and Patrick Hargreaves’s AKO Capital: $4.3bn in 22 US holdings at Q2 2026, with buys and sells.

In Q2 2026, AKO Capital held 22 US-listed stocks worth $4.3bn. Its biggest move was adding to Sunbelt Rentals Holdings (91% more shares, now 11%), followed by selling all of its Booking Holdings (4.1% the quarter before). It started 0 new positions and sold out of 5. Its largest holding is Alcon at 15%.

13F for the quarter ending 2026-06-30, filed 2026-08-12 ([filing](https://www.sec.gov/Archives/edgar/data/1376879/000137687926000006/0001376879-26-000006-index.htm)). $4.3bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Alcon (ALC) | $652m | 15.2% | Added +3.8% | 13.6% |
| Sunbelt Rentals Holdings (SUNB) | $454m | 10.6% | Added +91% | 4.1% |
| Visa (V) | $338m | 7.9% | Trimmed -17% | 7.0% |
| Ferrari (RACE) | $329m | 7.7% | Trimmed -4.3% | 6.1% |
| GE Aerospace (GE) | $288m | 6.7% | Trimmed -23% | 5.5% |
| Amazon.com (AMZN) | $272m | 6.3% | Trimmed -34% | 7.1% |
| Analog Devices (ADI) | $245m | 5.7% | Trimmed -40% | 6.4% |
| Microsoft (MSFT) | $234m | 5.5% | Trimmed -15% | 5.3% |
| Cisco Systems (CSCO) | $232m | 5.4% | Trimmed -35% | 4.6% |
| Canadian Pacific Kansas City (CP) | $210m | 4.9% | Trimmed -12% | 4.2% |
| Moody's (MCO) | $194m | 4.5% | Trimmed -16% | 4.4% |
| Air Products & Chemicals (APD) | $162m | 3.8% | Added +137% | 1.3% |
| Fair Isaac (FICO) | $124m | 2.9% | Trimmed -18% | 2.7% |
| Intercontinental Exchange (ICE) | $124m | 2.9% | Trimmed -46% | 5.8% |
| Williams Companies (WMB) | $110m | 2.6% | Trimmed -16% | 2.5% |
| Mastercard (MA) | $97.6m | 2.3% | Added +22% | 1.5% |
| Waters (WAT) | $76.3m | 1.8% | Trimmed -75% | 4.8% |
| Carlisle Companies (CSL) | $69.4m | 1.6% | Trimmed -4.9% | 1.3% |
| Linde (LIN) | $33.6m | 0.8% | Trimmed -52% | 1.3% |
| Equifax (EFX) | $21.3m | 0.5% | Trimmed -67% | 1.4% |
| Copart (CPRT) | $18.5m | 0.4% | Added +140% | 0.2% |
| Stryker (SYK) | $6.5m | 0.1% | Trimmed -92% | 1.6% |
| Booking Holdings (BKNG) | – | – | Sold out | 4.1% |
| Salesforce (CRM) | – | – | Sold out | 1.3% |
| Flutter Entertainment (FLUT) | – | – | Sold out | 1.0% |
| Marsh & Mclennan Companies (MRSH) | – | – | Sold out | 0.9% |
| RELX (RELX) | – | – | Sold out | 0.0% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/ako-capital). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.