Nicolai Tangen

Net selling

Ako Capital Llp — managed by Nicolai Tangen; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-12) · Source: SEC EDGAR

Portfolio value$4.29B (−16%)

Holdings22 (−5)

Top holdingAlcon Ag

Below band1

New

Added

Exited

By what price implies: 12 demand a demanding growth rate, 1 modest.

13F × valuation

Valuation posture

Of 11 valued US positions, 1 trade below a conservative value band (as of 2026-08-25):

Copart IncCPRT10% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

Alcon AgALC15% · 2

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Alcon AgALC	$651.9M	—	2	9,683,004	15.2%	Big new
Sunbelt Rentals Holdings IncSUNB	$454.5M	—	11	6,074,817	10.6%	Big new
Visa IncV	$338.0M	—	32	985,126	7.9%	Core 8q
Ferrari N VRACE	$328.9M	—	3	886,360	7.7%	Core 8q
Ge AerospaceGE	$288.3M	—	11	771,417	6.7%	Core 8q
Amazon Com IncAMZN	$272.1M	—	39	1,141,835	6.3%	—
Analog Devices IncADI	$245.0M	—	12	616,881	5.7%	—
Microsoft CorpMSFT	$234.3M	—	43	628,224	5.5%	—
Cisco Sys IncCSCO	$231.6M	—	9	1,971,628	5.4%	—
Canadian Pacific Kansas CityCP	$210.2M	—	7	2,426,027	4.9%	—
Moodys CorpMCO	$193.8M	—	20	427,920	4.5%	—
Air Products And Chemicals IAPD	$162.2M	—	6	553,359	3.8%	Big new
Fair Isaac CorpFICO	$123.8M	—	7	103,619	2.9%	—
Intercontinental Exchange InICE	$123.5M	—	8	1,003,510	2.9%	—
Williams Cos IncWMB	$110.5M	—	3	1,486,116	2.6%	—
Mastercard IncorporatedMA	$97.6M	—	21	189,941	2.3%	Adding 3q
Waters CorpWAT	$76.3M	—	7	203,356	1.8%	—
Carlisle Cos IncCSL	$69.4M	—	5	191,414	1.6%	—
Linde PlcLIN	$33.6M	—	7	64,789	0.8%	—
Equifax IncEFX	$21.3M	—	10	134,439	0.5%	—
Copart IncCPRT	$18.5M	Below value	7	656,567	0.4%	—
Stryker CorporationSYK	$6.5M	—	3	20,624	0.2%	—

Alcon AgALCBig new
Value$651.9MValuation—Holders2Weight15.2%
Sunbelt Rentals Holdings IncSUNBBig new
Value$454.5MValuation—Holders11Weight10.6%
Visa IncVCore 8q
Value$338.0MValuation—Holders32Weight7.9%
Ferrari N VRACECore 8q
Value$328.9MValuation—Holders3Weight7.7%
Ge AerospaceGECore 8q
Value$288.3MValuation—Holders11Weight6.7%
Amazon Com IncAMZN—
Value$272.1MValuation—Holders39Weight6.3%
Analog Devices IncADI—
Value$245.0MValuation—Holders12Weight5.7%
Microsoft CorpMSFT—
Value$234.3MValuation—Holders43Weight5.5%
Cisco Sys IncCSCO—
Value$231.6MValuation—Holders9Weight5.4%
Canadian Pacific Kansas CityCP—
Value$210.2MValuation—Holders7Weight4.9%
Moodys CorpMCO—
Value$193.8MValuation—Holders20Weight4.5%
Air Products And Chemicals IAPDBig new
Value$162.2MValuation—Holders6Weight3.8%
Fair Isaac CorpFICO—
Value$123.8MValuation—Holders7Weight2.9%
Intercontinental Exchange InICE—
Value$123.5MValuation—Holders8Weight2.9%
Williams Cos IncWMB—
Value$110.5MValuation—Holders3Weight2.6%
Mastercard IncorporatedMAAdding 3q
Value$97.6MValuation—Holders21Weight2.3%
Waters CorpWAT—
Value$76.3MValuation—Holders7Weight1.8%
Carlisle Cos IncCSL—
Value$69.4MValuation—Holders5Weight1.6%
Linde PlcLIN—
Value$33.6MValuation—Holders7Weight0.8%
Equifax IncEFX—
Value$21.3MValuation—Holders10Weight0.5%
Copart IncCPRT—
Value$18.5MValuationBelow valueHolders7Weight0.4%
Stryker CorporationSYK—
Value$6.5MValuation—Holders3Weight0.2%

Exited this quarter (5)Booking Holdings Inc、Salesforce Inc、Flutter Entmt Plc、Marsh & Mclennan Cos Inc、Relx Plc

What is a superinvestor

About this investor

Portfolio overview

Ako Capital Llp's most recent 13F filing, for the quarter ended 2026-06-30, reports 22 positions worth $4.29B. The top 5 holdings represent 48% of that value, a moderately concentrated portfolio.

The single largest position is Alcon Ag at 15.2% of the portfolio, followed by Sunbelt Rentals Holdings Inc at 10.6% and Visa Inc at 7.9%.

Against the prior quarter, Nicolai Tangen opened 0 new positions, exited 5, added to 5, and trimmed 17. The most notable sale was the full exit from Flutter Entmt Plc.

Across all 8 quarters on file, Alcon Ag has appeared in every filing, as has Visa Inc. Alcon Ag currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Nicolai Tangen has no positions in the strike zone right now. Browse the whole market by value band

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-12

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