Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供背景参考 · 非买入清单
AKO Capital
quality_growth
D
Reliability improving可靠性走强
leaderboard rank榜单排名 #48
Book持仓规模
$5M
long US listed only仅美股多头
Positions持仓数
27
89% resolved已解析
Top-10 concentration前十集中度
66%
% of book占组合%
Turnover换手
LOW
13.7% per quarter每季
Median excess中位超额
-37%
buys vs SPY, since filing买入相对SPY，自申报起 · n 74
Hit rate胜率
26%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Travel & Experiences — added BKNG (+4.1pp of book this quarter)核心倾向：旅行与体验 — 本季度加仓 BKNG（占组合 +4.1pp）
Travel & Experiences旅行与体验
+4.1pp
4.1% of book held占组合持有
· 1 names标的
· Consumer Cyclical
BKNG
Consumer Discretionary (Equal-Weight)非必需消费（等权）
+4.1pp
11.2% of book held占组合持有
· 2 names标的
· US Sectors (EW)
BKNG
Technology (Equal-Weight)信息技术（等权）
+4.0pp
20.3% of book held占组合持有
· 5 names标的
· US Sectors (EW)
FICO
CRM
Materials (Equal-Weight)材料（等权）
+2.6pp
2.6% of book held占组合持有
· 2 names标的
· US Sectors (EW)
APD
LIN
US Energy Complex美国能源综合
+2.5pp
2.5% of book held占组合持有
· 1 names标的
· Energy & Power
WMB
Energy (Equal-Weight)能源（等权）
+2.5pp
2.5% of book held占组合持有
· 1 names标的
· US Sectors (EW)
WMB
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新申报的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开申报日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: improving走强 · 12 scored quarters已评分季度 · 17% positive为正 · recent-4 median近4季中位 +0% vs all-time对全期 -46%
Median excess by quarter各季度中位超额: ▃▁▂▂▂▄▂▃▃▆█▆ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 6 | -43% | 17% | +0% |
| 2023-09-30 | 8 | -74% | 25% | +8% |
| 2023-12-31 | 10 | -58% | 10% | -12% |
| 2024-03-31 | 8 | -53% | 12% | -2% |
| 2024-06-30 | 9 | -51% | 33% | +0% |
| 2024-09-30 | 6 | -23% | 17% | +4% |
| 2024-12-31 | 7 | -55% | 29% | -4% |
| 2025-03-31 | 4 | -46% | 25% | -15% |
| 2025-06-30 | 3 | -46% | 0% | -14% |
| 2025-09-30 | 2 | -1% | 50% | -15% |
| 2025-12-31 | 2 | +16% | 50% | +18% |
| 2026-03-31 | 9 | +2% | 56% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新申报；季度环比变化对上季Current weights当前权重 · 2026-03-31
Unclassified
29.9%
▼ -2.5pp
Technology
20.3%
▼ -2.6pp
Financial
18.7%
▼ -0.8pp
Consumer Cyclical
11.2%
▲ +1.6pp
Industrials
8.4%
▼ -2.9pp
Healthcare
6.4%
▲ +2.0pp
Basic Materials
2.6%
▲ +2.5pp
Energy
2.5%
▲ +2.5pp
Theme categories主题类别
US Sectors (EW) 23.4%
AI & Technology 13.7%
Semiconductors & Hardware 11.0%
Financials 8.5%
Industrials & Defense 5.5%
Consumer Cyclical 4.1%
Rotating into (QoQ)轮入（环比）
Basic Materials +2.5pp
Energy +2.5pp
Healthcare +2.0pp
Rotating out of (QoQ)轮出（环比）
Industrials -2.9pp
Technology -2.6pp
Financial -0.8pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-03-31 | Unclassified 30% · Technology 20% · Financial 19% |
| 2025-12-31 | Unclassified 32% · Technology 23% · Financial 19% |
| 2025-09-30 | Unclassified 30% · Technology 23% · Financial 18% |
| 2025-06-30 | Unclassified 28% · Technology 24% · Financial 18% |
| 2025-03-31 | Unclassified 26% · Technology 24% · Financial 18% |
| 2024-12-31 | Technology 27% · Financial 19% · Unclassified 17% |
| 2024-09-30 | Technology 27% · Financial 18% · Unclassified 18% |
| 2024-06-30 | Technology 29% · Financial 17% · Unclassified 16% |
| 2024-03-31 | Technology 22% · Financial 18% · Unclassified 16% |
| 2023-12-31 | Technology 23% · Unclassified 19% · Financial 17% |
| 2023-09-30 | Technology 24% · Unclassified 19% · Financial 17% |
| 2023-06-30 | Technology 22% · Unclassified 19% · Financial 18% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至申报日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。24 positions shown项持仓 · resolved已解析 24/27 (89%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自申报 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  AMZN |
Amazon Com Inc | 7.1% | $360551 | hold | -0% | — | 70 · HIGH | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | -7% |
| 2 |  V |
Visa Inc | 7.0% | $358738 | trim | -18% | — | 68 · MODERATE | Financial | Payments & Fintech, Financials (Equal-Weight) | +11% |
| 3 |  ADI |
Analog Devices Inc | 6.4% | $327532 | trim | -18% | — | 67 · MODERATE | Technology | Non-AI Tech & Hardware, Technology (Equal-Weight) | -10% |
| 4 |  ICE |
Intercontinental Exchange In | 5.8% | $293728 | trim | -10% | — | 66 · MODERATE | Financial | Financials (Equal-Weight) | -9% |
| 5 |  GE |
Ge Aerospace | 5.5% | $282875 | trim | -10% | — | 64 · MODERATE | Industrials | Defense & Aerospace, Industrials (Equal-Weight) | +21% |
| 6 |  MSFT |
Microsoft Corp | 5.3% | $272154 | trim | -28% | — | 63 · MODERATE | Technology | Magnificent Seven, AI Software & Platforms, Quantum Computing | -6% |
| 7 |  WAT |
Waters Corp | 4.8% | $243281 | hold | +8% | — | 61 · MODERATE | Healthcare | Health Care (Equal-Weight) | +12% |
| 8 |  CSCO |
Cisco Sys Inc | 4.6% | $236156 | hold | -2% | — | 60 · MODERATE | Technology | Non-AI Tech & Hardware, Technology (Equal-Weight) | -8% |
| 9 |  MCO |
Moodys Corp | 4.4% | $222847 | trim | -31% | — | 58 · MODERATE | Financial | Financials (Equal-Weight) | +16% |
| 10 |  CP |
Canadian Pacific Kansas City | 4.2% | $216142 | hold | -7% | — | 57 · MODERATE | — | Rail | — |
| 11 | BKNG |
Booking Holdings Inc | 4.1% | $210192 | add | +17% | 1q | 45 · MODERATE | Consumer Cyclical | Travel & Experiences, Consumer Discretionary (Equal-Weight) | +19% |
| 12 |  SUNB |
Sunbelt Rentals Holdings Inc | 4.1% | $207330 | new | — | 1q | 44 · LOW | — | — | — |
| 13 | FICO |
Fair Isaac Corp | 2.7% | $135804 | add | +13% | 1q | 32 · LOW | Technology | Technology (Equal-Weight) | +11% |
| 14 | WMB |
Williams Cos Inc | 2.5% | $129251 | new | — | 1q | 31 · LOW | Energy | US Energy Complex, Energy (Equal-Weight) | -6% |
| 15 |  SYK |
Stryker Corporation | 1.6% | $82109 | new | — | 1q | 20 · LOW | Healthcare | Health Care (Equal-Weight) | +7% |
| 16 |  MA |
Mastercard Incorporated | 1.5% | $77743 | add | +55% | 2q | 33 · LOW | Financial | Payments & Fintech, Financials (Equal-Weight) | +10% |
| 17 |  EFX |
Equifax Inc | 1.4% | $72708 | trim | -47% | — | 22 · LOW | Industrials | Industrials (Equal-Weight) | +12% |
| 18 | APD |
Air Products And Chemicals I | 1.3% | $67788 | new | — | 1q | 15 · LOW | Basic Materials | Materials (Equal-Weight) | -3% |
| 19 |  CSL |
Carlisle Cos Inc | 1.3% | $67183 | new | — | 1q | 14 · LOW | Industrials | — | +2% |
| 20 | LIN |
Linde Plc | 1.3% | $66745 | add | +899% | 1q | 22 · LOW | Basic Materials | Materials (Equal-Weight) | -0% |
| 21 | CRM |
Salesforce Inc | 1.3% | $66231 | add | +14% | 1q | 21 · LOW | Technology | AI Software & Platforms, Non-AI Software, AI Agents & Applications | -2% |
| 22 |  MRSH |
Marsh & Mclennan Cos Inc | 0.9% | $45362 | trim | -82% | — | 14 · LOW | — | — | -0% |
| 23 |  CPRT |
Copart Inc | 0.2% | $9099 | trim | -95% | — | 13 · LOW | Industrials | Industrials (Equal-Weight) | -18% |
| 24 |  RELX |
Relx Plc | 0.0% | $777 | new | — | 1q | 6 · LOW | — | Providers | — |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本申报周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (11)
| BKNG add |
4.1% | +19% |
| SUNB new |
4.1% | — |
| FICO add |
2.7% | +11% |
| WMB new |
2.5% | -6% |
| SYK new |
1.6% | +7% |
| MA add |
1.5% | +10% |
| APD new |
1.3% | -3% |
| CSL new |
1.3% | +2% |
| LIN add |
1.3% | -0% |
| CRM add |
1.3% | -2% |
| RELX new |
0.0% | — |
Rotated out of轮出 (10)
| V trim |
-18% | +11% |
| ADI trim |
-18% | -10% |
| ICE trim |
-10% | -9% |
| GE trim |
-10% | +21% |
| MSFT trim |
-28% | -6% |
| MCO trim |
-31% | +16% |
| EFX trim |
-47% | +12% |
| MRSH trim |
-82% | -0% |
| CPRT trim |
-95% | -18% |
 INTU exit |
-100% | -27% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以申报日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, long-only US listed ≥$100M. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量申报日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。