In its second-quarter 13F filing for the period ending June 30, 2026, London-based AKO Capital reported a portfolio value of $4.29 billion, a decrease from the prior quarter's $5.11 billion. [4] The firm's top holdings included Alcon (ALC), Sunbelt Rentals (SUNB), Visa (V), Ferrari (RACE), and General Electric (GE). [2, 5] The filing revealed a significant portfolio rotation, characterized by a major increase in its industrial equipment rental holding and exits from several high-profile technology and travel companies. [6]
The most substantial change was a 91% increase in shares of Sunbelt Rentals, making it the fund's second-largest position with a 10.59% portfolio weight. [2, 6] This move signals a strong conviction in the equipment rental sector. [12] Another significant addition was a 137% increase in the stake in industrial gas and chemical company Air Products and Chemicals (APD), raising its portfolio weight to 3.78%. [1] The firm also made smaller additions to its positions in Mastercard (MA) and its top holding, Alcon (ALC). [2]
Conversely, AKO Capital completely exited its position in Booking Holdings (BKNG), which previously constituted 4.11% of the portfolio. [1, 6] The firm also divested its entire stakes in Salesforce (CRM), Flutter Entertainment (FLUT), and Marsh & McLennan (MRSH). [1] Additionally, AKO executed a near-total exit from medical technology company Stryker (SYK), reducing its share count by 92%. [1] Significant reductions were also made in other major holdings, including Amazon (AMZN), Analog Devices (ADI), General Electric (GE), and Visa (V). [6]