BLS Capital Fondsmaeglerselskab A/S
KLAMPENBORG, G7
$2.6bn in 11 US stocks at the end of 30 June 2026. The top 10 are 95.5% of the money. It changed about 6.0% of the portfolio this quarter.
Value
$2.6bn
Stocks
11
Top 10 share
95.5%
Turnover
6.0%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- MastercardMA9.6% of the fund+8%
- SalesforceCRM4.5% of the fund+4%
Cut
Sold some of their stake.
- Yum China HoldingsYUMC17.1% of the fund-5%
- S&P GlobalSPGI12.3% of the fund-11%
- Otis WorldwideOTIS10.7% of the fund-11%
- AutozoneAZO10.0% of the fund-7%
- Automatic Data ProcessingADP9.9% of the fund-3%
- Moody'sMCO8.1% of the fund-10%
- VisaV6.9% of the fund-11%
- ZoetisZTS5.1% of the fund-6%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Yum China HoldingsYUMC | 17.1% | $443m | 10,835,362 | -5% |
| S&P GlobalSPGI | 12.3% | $320m | 786,540 | -11% |
| Otis WorldwideOTIS | 10.7% | $278m | 3,885,445 | -11% |
| AutozoneAZO | 10.0% | $260m | 81,351 | -7% |
| Automatic Data ProcessingADP | 9.9% | $256m | 1,143,474 | -3% |
| MastercardMA | 9.6% | $249m | 484,457 | +8% |
| Moody'sMCO | 8.1% | $210m | 464,583 | -10% |
| VisaV | 6.9% | $179m | 522,552 | -11% |
| Arthur J. GallagherAJG | 5.8% | $151m | 659,908 | Held |
| ZoetisZTS | 5.1% | $132m | 1,830,488 | -6% |
| SalesforceCRM | 4.5% | $117m | 746,835 | +4% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 16.3% since 30 June 2025.
Where the money is
Financial services42.8%
Retail & consumer27.1%
Industrials20.6%
Health care5.1%
Technology4.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.