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Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Quality value

AKO Capital

Q2 2026 13F: 22 holdings worth about $4.3B; that quarter 0 new, 5 added, 17 trimmed, 5 sold out.

Firm: Ako Capital LLP
Filer: AKO CAPITAL LLP CIK 1376879
Last filed: Aug 12, 2026 | Quality value | Counted in this quarter’s totals

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

  • Rule numbers (Q2 2026): 22 holdings, top 10 = 76%, stocks $4.3B, options 0%; all four rules met
  • Source for the value approach: AKO Capital (AKO Capital LLP): “We are a firm of patient, long-term and responsible investors, allocating capital to high-quality listed companies.” (checked 2026-10-11)

Full selection rules →

13F value
$4.3B
previous $5.1B (−16.0%)
Holdings
22
0 new / 5 sold out
Net deploymentest.
−23.4%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
76%
overlap with the composite 14%
Turnoverest.
7.5%
held 15 quarters on average
I

Trades in Q2 2026

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
TrimmedWATWaters Corp−613.6K−75%−5.36$297.80 → $375.04$336.42
Sold outBKNGBooking Holdings Inc−1.25M—−5.18$4,210 → $178.24$2,194
AddedSUNBSunbelt Rentals Holdings, Inc+2.89M+91%+5.04$65.09 → $74.81$69.95
TrimmedADIAnalog Devices Inc−412.6K−40%−3.82$318.14 → $397.17$357.65
TrimmedAMZNAmazon.com Inc−589.3K−34%−3.27$208.27 → $238.34$223.31
TrimmedCSCOCisco Systems Inc−1.07M−35%−2.93$77.59 → $117.46$97.53
TrimmedICEIntercontinental Exchange, Inc−864.0K−46%−2.48$157.28 → $123.11$140.19
AddedAPDAir Products & Chemicals, Inc+320.0K+137%+2.19$290.49 → $293.18$291.83
TrimmedGEGeneral Electric−225.4K−23%−1.96$283.77 → $373.73$328.75
TrimmedSYKStryker Corp−229.3K−92%−1.68$328.59 → $314.84$321.71
TrimmedVVisa Inc−201.8K−17%−1.61$302.24 → $343.09$322.66
Sold outCRMSalesforce, Inc−354.8K—−1.30$186.67 → $156.66$171.66
Sold outFLUTFlutter Entertainment plc−487.0K—−1.16$101.95 → $102.17$102.06
Sold outMRSHMarsh & McLennan Cos−261.5K—−1.02$173.45 → $166.67$170.06
TrimmedEFXEquifax Inc−269.3K−67%−1.00$180.07 → $158.72$169.40
TrimmedMSFTMicrosoft Corp−107.0K−15%−0.93$370.17 → $373.02$371.60
TrimmedMCOMoody’s Corp−82.9K−16%−0.87$436.25 → $452.92$444.59
TrimmedLINLinde PLC−69.8K−52%−0.84$495.76 → $518.94$507.35
TrimmedFICOFair Isaac Corp−23.6K−19%−0.66$1,068 → $1,195$1,131
TrimmedCPCanadian Pacific Kansas City Ltd/cn−321.8K−12%−0.65$78.66 → $86.65$82.66
AddedALCAlcon Inc+358.3K+4%+0.56$75.35 → $67.21$71.28
TrimmedWMBWilliams Cos Inc−289.8K−16%−0.50$72.78 → $74.34$73.56
AddedMAMastercard Inc+34.3K+22%+0.41$499.66 → $513.60$506.63
TrimmedRACEFerrari N.V−40.2K−4%−0.35$336.95 → $371.70$354.33
AddedCPRTCopart Inc+382.5K+140%+0.25$33.20 → $28.19$30.70
TrimmedCSLCarlisle Cos Inc−10.0K−5%−0.08$333.62 → $362.75$348.19
Sold outRELXRELX PLC−23.4K—−0.02$33.15 → $31.67$32.41
II

All Holdings (22 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
ALCAlcon IncHealth care15.2%13.6%9.68M$651.9MAdded +4%Q2 201929$71.86est.$67.21−6%History
SUNBSunbelt Rentals Holdings, IncIndustrials10.6%4.1%6.07M$454.5MAdded +91%Q1 20262$67.40est.$74.81+11%History
VVisa IncFinancials7.9%7.0%985.1K$338.0MTrimmed −17%Q4 201639$219.47est.start point$343.09+56%History
RACEFerrari N.VConsumer discretionary7.7%6.1%886.4K$328.9MTrimmed −4%Q4 201639$106.67est.start point$371.70+248%History
GEGeneral ElectricIndustrials6.7%5.5%771.4K$288.3MTrimmed −23%Q3 202312$120.49est.$373.73+210%History
AMZNAmazon.com IncConsumer discretionary6.3%7.1%1.14M$272.1MTrimmed −34%Q2 20249$194.47est.$238.34+23%History
ADIAnalog Devices IncInformation technology5.7%6.4%616.9K$245.0MTrimmed −40%Q1 202410$208.09est.$397.17+91%History
MSFTMicrosoft CorpInformation technology5.5%5.3%628.2K$234.3MTrimmed −15%Q3 202216$294.09est.$373.02+27%History
CSCOCisco Systems IncInformation technology5.4%4.6%1.97M$231.6MTrimmed −35%Q4 20253$72.73est.$117.46+62%History
CPCanadian Pacific Kansas City Ltd/cnIndustrials4.9%4.2%2.43M$210.2MTrimmed −12%Q3 20254$74.82est.$86.65+16%History
MCOMoody’s CorpFinancials4.5%4.4%427.9K$193.8MTrimmed −16%Q4 201639$329.62est.start point$452.92+37%History
APDAir Products & Chemicals, IncMaterials3.8%1.3%553.4K$162.2MAdded +137%Q1 20262$282.10est.$293.18+4%History
FICOFair Isaac CorpInformation technology2.9%2.7%103.6K$123.8MTrimmed −19%Q4 201639$667.88est.start point$1,195+79%History
ICEIntercontinental Exchange, IncFinancials2.9%5.7%1.00M$123.5MTrimmed −46%Q3 202024$113.63est.$123.11+8%History
WMBWilliams Cos IncUtilities2.6%2.5%1.49M$110.5MTrimmed −16%Q1 20262$66.45est.$74.34+12%History
MAMastercard IncFinancials2.3%1.5%189.9K$97.6MAdded +22%Q4 20253$548.31est.$513.60−6%History
WATWaters CorpInformation technology1.8%4.8%203.4K$76.3MTrimmed −75%Q3 202312$300.90est.$375.04+25%History
CSLCarlisle Cos IncMaterials1.6%1.3%191.4K$69.4MTrimmed −5%Q1 20262$326.74est.$362.75+11%History
LINLinde PLCMaterials0.8%1.3%64.8K$33.6MTrimmed −52%Q2 202313$452.01est.$518.94+15%History
EFXEquifax IncFinancials0.5%1.4%134.4K$21.3MTrimmed −67%Q1 202122$238.36est.$158.72−33%History
CPRTCopart IncConsumer discretionary0.4%0.2%656.6K$18.5MAdded +140%Q1 202314$37.96est.$28.19−26%History
SYKStryker CorpHealth care0.2%1.6%20.6K$6.5MTrimmed −92%Q1 20262$340.03est.$314.84−7%History
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapALCAlcon IncSUNBSunbelt Rentals Holdings, IncVVisa IncRACEFerrari N.VGEGeneral ElectricAMZNAmazon.com IncADIAnalog Devices IncMSFTMicrosoft CorpCSCOCisco Systems IncCPCanadian Pacific K…MCOMoody’s CorpAPDAir Products & Ch…FICOFair Isaac Co…ICEIntercontinen…WMBWilliams Cos…MAMastercard…WATCSLLIN
IV

Over Time

From Q4 2016, 39 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$5.0B$10.0BQ4 2016Q4 2017Q4 2018Q4 2019Q4 2020Q4 2021Q4 2022Q4 2023Q4 2024Q2 2026

Holdings

Holdings01020Q4 2016Q4 2017Q4 2018Q4 2019Q4 2020Q4 2021Q4 2022Q4 2023Q4 2024Q2 2026

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q4 2016Q4 2017Q4 2018Q4 2019Q4 2020Q4 2021Q4 2022Q4 2023Q4 2024Q2 2026

Turnover (Est.)

Turnover0%5%10%15%Q4 2016Q4 2017Q4 2018Q4 2019Q4 2020Q4 2021Q4 2022Q4 2023Q4 2024Q2 2026

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q4 2016Q4 2017Q4 2018Q4 2019Q4 2020Q4 2021Q4 2022Q4 2023Q4 2024Q2 2026
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 39 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q2 20262205$4.3B7.5%−23.4%13F-HR
Q1 20262761$5.1B14.3%−10.3%13F-HR
Q4 20252223$6.6B6.9%−6.5%13F-HR
Q3 20252313$7.0B3.2%−5.8%13F-HR
Q2 20252501$7.9B4.7%−6.1%13F-HR
Q1 20252623$7.7B8.8%+6.7%13F-HR
Q4 20242720$7.2B4.3%−3.5%13F-HR
Q3 20242501$7.7B6.9%−4.0%13F-HR
Q2 20242623$7.3B7.2%+5.2%13F-HR
Q1 20242713$7.1B13.5%−6.2%13F-HR
Q4 20232920$7.0B13.2%−0.3%13F-HR
Q3 20232741$6.1B12.0%−4.4%13F-HR
Q2 20232422$6.6B13.0%−6.2%13F-HR
Q1 20232421$6.6B8.8%−4.8%13F-HR
Q4 20222301$6.2B3.0%−10.7%13F-HR
Q3 20222423$6.1B9.0%−6.6%13F-HR
Q2 20222500$7.1B7.1%−7.8%13F-HR
Q1 20222510$9.3B8.8%+1.9%13F-HR
Q4 20212401$10.3B8.3%−5.5%13F-HR
Q3 20212523$9.6B9.4%+7.1%13F-HR
Q2 20212612$8.9B9.7%+0.6%13F-HR
Q1 20212732$8.1B11.6%+1.1%13F-HR
Q4 20202610$7.8B4.4%+7.9%13F-HR
Q3 20202532$6.4B8.6%+3.1%13F-HR
Q2 20202423$5.7B15.2%+3.1%13F-HR
Q1 20202540$4.7B4.1%+23.4%13F-HR
Q4 20192111$4.6B5.4%+4.7%13F-HR
Q3 20192100$4.1B6.1%+3.1%13F-HR
Q2 20192120$3.9B3.1%+8.0%13F-HR
Q1 20191911$3.3B0.6%+28.3%13F-HR
Q4 20181911$2.2B5.8%+30.5%13F-HR
Q3 20181911$2.0B8.4%+1.3%13F-HR
Q2 2018 *1910$1.8B3.7%+5.3%13F-HR
Q1 2018 *1811$1.7B4.8%+4.8%13F-HR
Q4 2017 *1821$1.3B6.2%+1.9%13F-HR
Q3 2017 *1711$1.2B5.1%−5.8%13F-HR
Q2 2017 *1701$1.1B5.2%−4.3%13F-HR
Q1 2017 *1821$1.1B3.8%+42.1%13F-HR
Q4 2016 *1700$779.0M——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
BKNGBooking Holdings IncQ1 2020 – Q2 202614%—
FLUTFlutter Entertainment plcQ1 2025 – Q2 202611%—
MRSHMarsh & McLennan CosQ2 2023 – Q2 20267%—
INTUIntuit IncQ3 2022 – Q1 20267%—
ZTSZoetis IncQ2 2019 – Q4 20255%—
CDNSCadence Design SystemsQ3 2023 – Q4 20252%—
TMOThermo Fisher Scientific IncQ3 2020 – Q3 20259%—
ACNAccenture plcQ3 2021 – Q2 202510%—
PGProcter & Gamble CoQ4 2018 – Q1 20255%—
MSCIMSCI IncQ4 2023 – Q1 20253%—
WMGWarner Music Group CorpQ3 2023 – Q1 20253%—
ELEstee Lauder Companies IncQ4 2016 – Q3 20246%—
OTISOtis Worldwide CorpQ2 2020 – Q2 20245%—
MARMarriott International IncQ1 2020 – Q2 20243%—
NKENike IncQ4 2023 – Q2 20243%—
ALLEAllegion plcQ4 2016 – Q1 20246%Still filing with the SEC
ANSSAnsys IncQ4 2016 – Q1 20245%Acquired or delisted Jul 29, 2025
URIUnited Rentals IncQ1 2023 – Q1 20242%—
DGDollar General CorpQ1 2022 – Q3 20235%—
—Linde Plc/oldQ4 2016 – Q2 202315%Still filing with the SEC
ADBEAdobe IncQ1 2020 – Q2 20234%—
GOOGLAlphabet IncQ4 2016 – Q1 20236%—
NKENike IncQ4 2016 – Q4 20226%—
EBAYeBay IncQ1 2020 – Q3 20228%—
DEODiageo PLCQ1 2021 – Q3 20224%—
ABEVAmbev SAQ1 2018 – Q3 20214%Still filing with the SEC
VRSKVerisk Analytics, IncQ1 2019 – Q2 20214%—
CHKPCheck Point Software TechQ4 2019 – Q1 20214%Still filing with the SEC
GRFSGrifols SAQ1 2017 – Q3 202015%Still filing with the SEC
CMECME Group IncQ4 2017 – Q3 20205%—
—RTX CorpQ4 2017 – Q2 20206%Still filing with the SEC
AXPAmerican Express CoQ3 2018 – Q2 20205%—
EWEdwards Lifesciences CorpQ2 2018 – Q2 20204%—
MARMarriott International IncQ4 2016 – Q4 20195%—
CTSHCognizant Technology SolutionsQ4 2016 – Q1 20195%—
CLColgate-Palmolive CoQ4 2016 – Q4 20185%—
USBUS BancorpQ4 2016 – Q3 20185%—