Investor: Nicolai Tangen
Number of Assets: 25
Reporting Period: Q2 - 2025
Holdings at Report: $39,648,466,000
Return Since Report: -$33,641,669,429
Return Since Report: -84.85%
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 | 1.72% | $88.35 | $64.68 | $681,452,000 | $498,903,100 | -$182,548,900 | -26.79% |
| Amazon.com Inc. (AMZN) | Equity | +1.58% | 1,460,648 | 80.82% | $21,939.03 | $244.39 | $32,045,200,000 | $356,967,765 | -$31,688,232,235 | -98.89% |
| Analog Devices Inc. (ADI) | Equity | +1.94% | 1,267,990 | 0.76% | $238.02 | $434.46 | $301,807,000 | $550,890,935 | +$249,083,935 | +82.53% |
| Booking Holdings Inc. (BKNG) | Equity | -4.09% | 69,107 | 1.01% | $5,789.24 | $171.78 | $400,077,000 | $11,871,200 | -$388,205,800 | -97.03% |
| Booz Allen Hamilton Holding Corp. (BAH) | Equity | -3.68% | 90,033 | 0.02% | $104.13 | $66.36 | $9,375,000 | $5,974,590 | -$3,400,410 | -36.27% |
| Cadence Design Systems Inc. (CDNS) | Equity | -4.08% | 131,807 | 0.10% | $308.15 | $387.39 | $40,616,000 | $51,060,714 | +$10,444,714 | +25.72% |
| Canadian National Railway Company (CNI) | Equity | 0% | 19,073 | 0.01% | $104.02 | $113.43 | $1,984,000 | $2,163,450 | +$179,450 | +9.04% |
| Copart Inc. (CPRT) | Equity | +5.11% | 5,340,975 | 0.66% | $49.07 | $30.23 | $262,082,000 | $161,457,674 | -$100,624,326 | -38.39% |
| Equifax Inc. (EFX) | Equity | +19.52% | 911,820 | 0.60% | $259.37 | $153.93 | $236,499,000 | $140,356,453 | -$96,142,547 | -40.65% |
| Fair Isaac Corp. (FICO) | Equity | +1.73% | 153,273 | 0.71% | $1,827.96 | $1,096.48 | $280,177,000 | $168,060,779 | -$112,116,221 | -40.02% |
| Ferrari N.V. (RACE) | Equity | +10.42% | 646,106 | 0.80% | $490.00 | $362.13 | $316,595,000 | $233,974,366 | -$82,620,634 | -26.10% |
| Flutter Entertainment PLC (FLUT) | Equity | +14.77% | 2,973,210 | 2.14% | $285.05 | $101.83 | $847,503,000 | $302,761,974 | -$544,741,026 | -64.28% |
| GE Aerospace (GE) | Equity | -16.35% | 2,063,006 | 1.34% | $257.39 | $357.64 | $530,997,000 | $737,813,466 | +$206,816,466 | +38.95% |
| Illumina Inc. (ILMN) | Equity | -39.99% | 533,954 | 0.13% | $95.41 | $161.93 | $50,945,000 | $86,463,171 | +$35,518,171 | +69.72% |
| Intercontinental Exchange Inc. (ICE) | Equity | -3.98% | 2,191,657 | 1.01% | $183.47 | $133.88 | $402,103,000 | $293,419,039 | -$108,683,961 | -27.03% |
| Intuit Inc. (INTU) | Equity | +21.59% | 675,783 | 1.34% | $787.63 | $267.00 | $532,267,000 | $180,434,061 | -$351,832,939 | -66.10% |
| Linde PLC (LIN) | Equity | -3.57% | 81,953 | 0.10% | $469.18 | $512.15 | $38,451,000 | $41,972,229 | +$3,521,229 | +9.16% |
| Marsh & Mclennan Companies Inc. (MMC) | Equity | -16.00% | 1,782,200 | 0.98% | $218.64 | $171.94 | $389,660,000 | $306,431,468 | -$83,228,532 | -21.36% |
| Microsoft Corp. (MSFT) | Equity | +1.75% | 1,272,557 | 1.60% | $497.41 | $379.40 | $632,983,000 | $482,808,126 | -$150,174,874 | -23.72% |
| Moody's Corp. (MCO) | Equity | +0.10% | 827,554 | 1.05% | $501.59 | $450.67 | $415,093,000 | $372,953,761 | -$42,139,239 | -10.15% |
| Salesforce Inc. (CRM) | Equity | +30.38% | 469,254 | 0.32% | $272.69 | $151.78 | $127,961,000 | $71,223,372 | -$56,737,628 | -44.34% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -92.06% | 26,427 | 0.03% | $405.46 | $464.61 | $10,715,000 | $12,278,248 | +$1,563,248 | +14.59% |
| Visa Inc. (V) | Equity | -7.47% | 1,643,373 | 1.47% | $355.05 | $327.24 | $583,480,000 | $537,777,381 | -$45,702,619 | -7.83% |
| Waters Corp. (WAT) | Equity | -11.26% | 787,346 | 0.69% | $349.04 | $355.44 | $274,815,000 | $279,854,262 | +$5,039,262 | +1.83% |
| Zoetis Inc. (ZTS) | Equity | -0.86% | 1,510,926 | 0.59% | $155.95 | $78.71 | $235,629,000 | $118,924,985 | -$116,704,015 | -49.53% |