BLS Capital Fondsmaeglerselskab A/S portfolio

What changed this quarter

11 positions with a change (3 added to, 8 trimmed). 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• S&P Global−11%fewer sharesReduced
  12.8% → 12.3%
• Otis Worldwide−11%fewer sharesReduced
  11.5% → 10.7%
• Moody's−10%fewer sharesReduced
  7.7% → 8.1%
• Visa−11%fewer sharesReduced
  6.1% → 6.9%
• Yum China Holdings−4.7%fewer sharesReduced
  18.9% → 17.1%
• AutoZone−7.2%fewer sharesReduced
  10.1% → 10.0%
• Mastercard+8.0%more sharesIncreased
  7.6% → 9.6%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Yum China HoldingsYUMC17.1%Since Q3 2021 · 20 quartersDetails ▾
• S&P GlobalSPGI12.3%Since at least Q4 2015 · 43 quartersDetails ▾
• Otis WorldwideOTIS10.7%Since Q2 2020 · 25 quartersDetails ▾
• AutoZoneAZO10.0%Since Q4 2020 · 23 quartersDetails ▾
• Automatic Data ProcessingADP9.9%Since Q1 2020 · 26 quartersDetails ▾
• MastercardMA9.6%Since Q4 2016 · 39 quartersDetails ▾
• Moody'sMCO8.1%Since at least Q4 2015 · 43 quartersDetails ▾
• VisaV6.9%Since at least Q4 2015 · 43 quartersDetails ▾
• Arthur J. GallagherAJG5.8%Since Q1 2026 · 2 quartersDetails ▾
• ZoetisZTS5.1%Since Q1 2025 · 6 quartersDetails ▾
• SalesforceCRM4.5%Since Q4 2025 · 3 quartersDetails ▾

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.