Investor: Nicolai Tangen
Number of Assets: 25
Reporting Period: Q2 - 2025
Holdings at Report: $7,923,718,000
Return Since Report: -$235,690,808
Return Since Report: -2.97%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alcon Inc. (ALC) | Equity | +8.40% | 7,713,406 | 8.60% | $88.35 | $78.93 | $681,452,000 | $608,819,136 | -$72,632,864 | -10.66% |
| Amazon.com Inc. (AMZN) | Equity | +1.58% | 1,460,648 | 4.04% | $219.39 | $238.22 | $320,452,000 | $347,955,567 | +$27,503,567 | +8.58% |
| Analog Devices Inc. (ADI) | Equity | +1.94% | 1,267,990 | 3.81% | $238.02 | $247.00 | $301,807,000 | $313,193,530 | +$11,386,530 | +3.77% |
| Booking Holdings Inc. (BKNG) | Equity | -4.09% | 69,107 | 5.05% | $5,789.24 | $5,598.38 | $400,077,000 | $386,887,247 | -$13,189,753 | -3.30% |
| Booz Allen Hamilton Holding Corp. (BAH) | Equity | -3.68% | 90,033 | 0.12% | $104.13 | $102.58 | $9,375,000 | $9,235,585 | -$139,415 | -1.49% |
| Cadence Design Systems Inc. (CDNS) | Equity | -4.08% | 131,807 | 0.51% | $308.15 | $361.06 | $40,616,000 | $47,590,235 | +$6,974,235 | +17.17% |
| Canadian National Railway Company (CNI) | Equity | 0% | 19,073 | 0.03% | $104.02 | $93.28 | $1,984,000 | $1,779,129 | -$204,871 | -10.33% |
| Copart Inc. (CPRT) | Equity | +5.11% | 5,340,975 | 3.31% | $49.07 | $48.15 | $262,082,000 | $257,167,946 | -$4,914,054 | -1.88% |
| Equifax Inc. (EFX) | Equity | +19.52% | 911,820 | 2.98% | $259.37 | $250.82 | $236,499,000 | $228,698,133 | -$7,800,867 | -3.30% |
| Fair Isaac Corp. (FICO) | Equity | +1.73% | 153,273 | 3.54% | $1,827.96 | $1,547.53 | $280,177,000 | $237,194,566 | -$42,982,434 | -15.34% |
| Ferrari N.V. (RACE) | Equity | +10.42% | 646,106 | 4.00% | $490.00 | $478.85 | $316,595,000 | $309,387,858 | -$7,207,142 | -2.28% |
| Flutter Entertainment PLC (FLUT) | Equity | +14.77% | 2,973,210 | 10.70% | $285.05 | $292.47 | $847,503,000 | $869,574,729 | +$22,071,729 | +2.60% |
| GE Aerospace (GE) | Equity | -16.35% | 2,063,006 | 6.70% | $257.39 | $276.42 | $530,997,000 | $570,256,119 | +$39,259,119 | +7.39% |
| Illumina Inc. (ILMN) | Equity | -39.99% | 533,954 | 0.64% | $95.41 | $98.03 | $50,945,000 | $52,343,511 | +$1,398,511 | +2.75% |
| Intercontinental Exchange Inc. (ICE) | Equity | -3.98% | 2,191,657 | 5.07% | $183.47 | $173.85 | $402,103,000 | $381,019,569 | -$21,083,431 | -5.24% |
| Intuit Inc. (INTU) | Equity | +21.59% | 675,783 | 6.72% | $787.63 | $671.75 | $532,267,000 | $453,957,230 | -$78,309,770 | -14.71% |
| Linde PLC (LIN) | Equity | -3.57% | 81,953 | 0.49% | $469.18 | $473.50 | $38,451,000 | $38,804,336 | +$353,336 | +0.92% |
| Marsh & Mclennan Companies Inc. (MMC) | Equity | -16.00% | 1,782,200 | 4.92% | $218.64 | $201.92 | $389,660,000 | $359,861,824 | -$29,798,176 | -7.65% |
| Microsoft Corp. (MSFT) | Equity | +1.75% | 1,272,557 | 7.99% | $497.41 | $498.50 | $632,983,000 | $634,369,665 | +$1,386,664 | +0.22% |
| Moody's Corp. (MCO) | Equity | +0.10% | 827,554 | 5.24% | $501.59 | $507.47 | $415,093,000 | $419,954,691 | +$4,861,691 | +1.17% |
| Salesforce Inc. (CRM) | Equity | +30.38% | 469,254 | 1.61% | $272.69 | $252.20 | $127,961,000 | $118,345,859 | -$9,615,141 | -7.51% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -92.06% | 26,427 | 0.14% | $405.46 | $483.89 | $10,715,000 | $12,787,629 | +$2,072,629 | +19.34% |
| Visa Inc. (V) | Equity | -7.47% | 1,643,373 | 7.36% | $355.05 | $344.24 | $583,480,000 | $565,706,505 | -$17,773,495 | -3.05% |
| Waters Corp. (WAT) | Equity | -11.26% | 787,346 | 3.47% | $349.04 | $299.74 | $274,815,000 | $235,999,090 | -$38,815,910 | -14.12% |
| Zoetis Inc. (ZTS) | Equity | -0.86% | 1,510,926 | 2.97% | $155.95 | $150.33 | $235,629,000 | $227,137,506 | -$8,491,494 | -3.60% |