Investor: Peter Bundgaard & Anders Lund
Number of Assets: 12
Reporting Period: Q4 - 2025
Holdings at Report: $2,950,500,392
Return Since Report: -$239,857,474
Return Since Report: -8.13%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Automatic Data Processing Inc. (ADP) | Equity | -0.23% | 1,109,907 | 9.68% | $257.23 | $203.34 | $285,501,378 | $225,688,489 | -$59,812,889 | -20.95% |
| Autozone Inc. (AZO) | Equity | +28.46% | 73,379 | 8.43% | $3,391.50 | $3,380.63 | $248,864,879 | $248,067,249 | -$797,630 | -0.32% |
| Expeditors International Of Washington Inc. (EXPD) | Equity | -89.61% | 139,103 | 0.70% | $149.01 | $143.42 | $20,727,738 | $19,950,152 | -$777,586 | -3.75% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | -7.76% | 1,021,203 | 9.94% | $287.25 | $305.17 | $293,340,562 | $311,635,413 | +$18,294,851 | +6.24% |
| Mastercard Inc. (MA) | Equity | -7.61% | 417,294 | 8.07% | $570.88 | $499.72 | $238,224,799 | $208,530,158 | -$29,694,641 | -12.46% |
| Moody's Corp. (MCO) | Equity | -7.34% | 270,049 | 4.68% | $510.85 | $438.19 | $137,954,532 | $118,332,771 | -$19,621,761 | -14.22% |
| Otis Worldwide Corp. (OTIS) | Equity | +5.07% | 4,678,538 | 13.85% | $87.35 | $77.07 | $408,670,294 | $360,574,924 | -$48,095,370 | -11.77% |
| S&P Global Inc. (SPGI) | Equity | +1.36% | 334,175 | 5.92% | $522.59 | $426.27 | $174,636,513 | $142,448,777 | -$32,187,736 | -18.43% |
| Salesforce Inc. (CRM) | Equity | +100% | 538,310 | 4.83% | $264.91 | $186.39 | $142,603,702 | $100,336,139 | -$42,267,563 | -29.64% |
| Visa Inc. (V) | Equity | +11.86% | 458,789 | 5.45% | $350.71 | $301.42 | $160,901,890 | $138,285,886 | -$22,616,004 | -14.06% |
| Yum China Holdings Inc. (YUMC) | Equity | -6.09% | 12,366,491 | 20.01% | $47.74 | $48.79 | $590,376,280 | $603,299,263 | +$12,922,983 | +2.19% |
| Zoetis Inc. (ZTS) | Equity | +34.73% | 1,976,616 | 8.43% | $125.82 | $118.13 | $248,697,825 | $233,493,695 | -$15,204,130 | -6.11% |