Investor: Nicolai Tangen
Number of Assets: 23
Reporting Period: Q3 - 2025
Holdings at Report: $7,033,749,000
Return Since Report: -$143,666,790
Return Since Report: -2.04%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alcon Inc. (ALC) | Equity | +3.38% | 7,974,364 | 8.44% | $74.46 | $78.53 | $593,771,000 | $626,226,805 | +$32,455,805 | +5.47% |
| Amazon.com Inc. (AMZN) | Equity | +23.78% | 1,808,033 | 5.64% | $219.57 | $226.83 | $396,990,000 | $410,116,125 | +$13,126,125 | +3.31% |
| Analog Devices Inc. (ADI) | Equity | -3.54% | 1,223,147 | 4.27% | $245.70 | $279.68 | $300,527,000 | $342,083,637 | +$41,556,637 | +13.83% |
| Booking Holdings Inc. (BKNG) | Equity | -6.50% | 64,618 | 4.96% | $5,399.27 | $5,318.58 | $348,890,000 | $343,676,002 | -$5,213,998 | -1.49% |
| Booz Allen Hamilton Holding Corp. (BAH) | Equity | -3.52% | 86,866 | 0.12% | $99.95 | $93.75 | $8,682,000 | $8,143,688 | -$538,313 | -6.20% |
| Cadence Design Systems Inc. (CDNS) | Equity | +28.04% | 168,767 | 0.84% | $351.26 | $324.44 | $59,281,000 | $54,754,765 | -$4,526,235 | -7.64% |
| Canadian Pacific Kansas City Limited (CP) | Equity | +100% | 799,560 | 0.85% | $74.49 | $75.32 | $59,559,000 | $60,222,859 | +$663,859 | +1.11% |
| Copart Inc. (CPRT) | Equity | +3.49% | 5,527,245 | 3.53% | $44.97 | $38.75 | $248,560,000 | $214,153,108 | -$34,406,892 | -13.84% |
| Equifax Inc. (EFX) | Equity | +2.91% | 938,348 | 3.42% | $256.53 | $218.74 | $240,714,000 | $205,254,242 | -$35,459,758 | -14.73% |
| Fair Isaac Corp. (FICO) | Equity | -19.33% | 123,646 | 2.63% | $1,496.53 | $1,840.02 | $185,040,000 | $227,510,495 | +$42,470,495 | +22.95% |
| Ferrari N.V. (RACE) | Equity | -2.03% | 632,960 | 4.35% | $483.79 | $367.04 | $306,220,000 | $232,321,638 | -$73,898,362 | -24.13% |
| Flutter Entertainment PLC (FLUT) | Equity | +4.94% | 3,120,116 | 11.33% | $255.34 | $223.40 | $796,701,000 | $697,033,914 | -$99,667,086 | -12.51% |
| GE Aerospace (GE) | Equity | -35.97% | 1,320,876 | 5.65% | $300.82 | $300.09 | $397,346,000 | $396,381,679 | -$964,321 | -0.24% |
| Intercontinental Exchange Inc. (ICE) | Equity | -4.91% | 2,084,001 | 4.99% | $168.48 | $163.78 | $351,112,000 | $341,317,684 | -$9,794,316 | -2.79% |
| Intuit Inc. (INTU) | Equity | -0.20% | 674,425 | 6.55% | $682.91 | $669.19 | $460,572,000 | $451,318,466 | -$9,253,534 | -2.01% |
| Linde PLC (LIN) | Equity | -3.50% | 79,085 | 0.53% | $475.00 | $416.54 | $37,565,000 | $32,942,066 | -$4,622,934 | -12.31% |
| Marsh & Mclennan Companies Inc. (MMC) | Equity | +0.98% | 1,799,753 | 5.16% | $201.53 | $185.30 | $362,704,000 | $333,494,231 | -$29,209,769 | -8.05% |
| Microsoft Corp. (MSFT) | Equity | -16.00% | 1,068,996 | 7.87% | $517.95 | $478.84 | $553,686,000 | $511,878,045 | -$41,807,955 | -7.55% |
| Moody's Corp. (MCO) | Equity | -7.30% | 767,143 | 5.20% | $476.48 | $485.10 | $365,528,000 | $372,141,069 | +$6,613,069 | +1.81% |
| Salesforce Inc. (CRM) | Equity | -30.50% | 326,128 | 1.10% | $237.00 | $261.97 | $77,292,000 | $85,435,752 | +$8,143,752 | +10.54% |
| Visa Inc. (V) | Equity | -3.56% | 1,584,857 | 7.69% | $341.38 | $347.47 | $541,038,000 | $550,690,262 | +$9,652,262 | +1.78% |
| Waters Corp. (WAT) | Equity | +2.49% | 806,948 | 3.44% | $299.81 | $386.45 | $241,931,000 | $311,845,055 | +$69,914,055 | +28.90% |
| Zoetis Inc. (ZTS) | Equity | -54.75% | 683,704 | 1.42% | $146.32 | $118.68 | $100,040,000 | $81,140,623 | -$18,899,377 | -18.89% |