Investor: Peter Bundgaard & Anders Lund
Number of Assets: 11
Reporting Period: Q2 - 2025
Holdings at Report: $3,102,803,664
Return Since Report: -$317,539,226
Return Since Report: -10.23%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Mastercard Inc. (MA) | Equity | -1.96% | 477,445 | 8.65% | $561.94 | $489.79 | $268,295,443 | $233,847,787 | -$34,447,656 | -12.84% |
| Visa Inc. (V) | Equity | -2.03% | 435,372 | 4.98% | $355.05 | $327.24 | $154,578,829 | $142,471,133 | -$12,107,696 | -7.83% |
| Yum China Holdings Inc. (YUMC) | Equity | +10.45% | 14,283,156 | 20.58% | $44.71 | $42.93 | $638,599,905 | $613,175,887 | -$25,424,018 | -3.98% |
| Automatic Data Processing Inc. (ADP) | Equity | -2.11% | 1,177,845 | 11.71% | $308.40 | $218.41 | $363,247,398 | $257,253,126 | -$105,994,272 | -29.18% |
| Autozone Inc. (AZO) | Equity | -20.23% | 69,646 | 8.33% | $3,712.23 | $3,064.48 | $258,541,971 | $213,428,774 | -$45,113,197 | -17.45% |
| Expeditors International Of Washington Inc. (EXPD) | Equity | +100% | 1,415,609 | 5.21% | $114.25 | $161.32 | $161,733,328 | $228,366,044 | +$66,632,716 | +41.20% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | +26.45% | 1,172,070 | 10.06% | $266.34 | $348.84 | $312,169,124 | $408,864,899 | +$96,695,775 | +30.98% |
| S&P Global Inc. (SPGI) | Equity | -2.26% | 349,956 | 5.95% | $527.29 | $410.92 | $184,528,299 | $143,803,920 | -$40,724,379 | -22.07% |
| Moody's Corp. (MCO) | Equity | +23.48% | 377,636 | 6.10% | $501.59 | $450.67 | $189,418,441 | $170,189,216 | -$19,229,225 | -10.15% |
| Otis Worldwide Corp. (OTIS) | Equity | -6.52% | 3,663,016 | 11.69% | $99.02 | $73.27 | $362,711,844 | $268,389,182 | -$94,322,662 | -26.00% |
| Zoetis Inc. (ZTS) | Equity | +29.98% | 1,340,039 | 6.74% | $155.95 | $78.71 | $208,979,082 | $105,474,470 | -$103,504,612 | -49.53% |