Institutional Manager · CIK 0001670104
BLS CAPITAL FONDSMAEGLERSELSKAB A/S
Klampenborg, G7 · File #028-17419
Latest AUM
$2.95B
Positions
12
Top-10 Concentration
94.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | EXPEDITORS INTL WASH INC | 302130109 | -1,199,551 | -$178.7M | +$35.4M |
| NEW | SALESFORCE INC | CRM | +538,310 | +$142.6M | $0 |
| ADD | ZOETIS INC | ZTS | +509,557 | +$64.1M | -$30.1M |
| ADD | AUTOZONE INC | AZO | +16,255 | +$55.1M | -$51.3M |
| REDUCE | YUM CHINA HLDGS INC | YUMC | -802,040 | -$38.3M | +$63.5M |
| REDUCE | HILTON WORLDWIDE HLDGS INC | HLT | -85,950 | -$24.7M | +$30.8M |
| ADD | OTIS WORLDWIDE CORP | OTIS | +225,913 | +$19.7M | -$18.2M |
| REDUCE | MASTERCARD INCORPORATED | MA | -34,350 | -$19.6M | +$934,903 |
| ADD | VISA INC | V | +48,650 | +$17.1M | +$3.8M |
| REDUCE | MOODYS CORP | MCO | -21,400 | -$10.9M | +$10.0M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202512 pos · $2.95B
- 13F HOLDINGS REPORTQ/E Sep 202511 pos · $2.91B
- 13F HOLDINGS REPORTQ/E Jun 202511 pos · $3.10B
- 13F HOLDINGS REPORTQ/E Mar 202510 pos · $2.91B
- 13F HOLDINGS REPORTQ/E Dec 202411 pos · $3.26B
- 13F HOLDINGS REPORTQ/E Sep 202412 pos · $3.46B
- 13F HOLDINGS REPORTQ/E Jun 202413 pos · $3.34B
- 13F HOLDINGS REPORTQ/E Mar 202412 pos · $3.92B
- 13F HOLDINGS REPORTQ/E Dec 202313 pos · $4.03B
Top 12 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | YUM CHINA HLDGS INC | YUMC | 12,366,491 | $590.4M | 20.01% |
| 2 | OTIS WORLDWIDE CORP | OTIS | 4,678,538 | $408.7M | 13.85% |
| 3 | HILTON WORLDWIDE HLDGS INC | HLT | 1,021,203 | $293.3M | 9.94% |
| 4 | AUTOMATIC DATA PROCESSING IN | ADP | 1,109,907 | $285.5M | 9.68% |
| 5 | AUTOZONE INC | AZO | 73,379 | $248.9M | 8.43% |
| 6 | ZOETIS INC | ZTS | 1,976,616 | $248.7M | 8.43% |
| 7 | MASTERCARD INCORPORATED | MA | 417,294 | $238.2M | 8.07% |
| 8 | S&P GLOBAL INC | SPGI | 334,175 | $174.6M | 5.92% |
| 9 | VISA INC | V | 458,789 | $160.9M | 5.45% |
| 10 | SALESFORCE INC | CRM | 538,310 | $142.6M | 4.83% |
| 11 | MOODYS CORP | MCO | 270,049 | $138.0M | 4.68% |
| 12 | EXPEDITORS INTL WASH INC | 302130109 | 139,103 | $20.7M | 0.70% |