BLS Capital Fondsmaeglerselskab A/S
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), BLS Capital Fondsmaeglerselskab A/S reported 11 stock positions worth $2.9 billion. Its top holding was Yum China (YUMC) at 19.4% of the portfolio, followed by Otis Worldwide (OTIS, 14.0%) and Automatic Data Processing (ADP, 11.2%). Compared with Q2 2025, it added to 2 and reduced 9. The biggest buy was Otis Worldwide (OTIS, shares +22%) and the biggest sale Moody's (MCO, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- KLAMPENBORG, G7
- CIK
- 0001670104
- Portfolio Value
- $2.9B (Q3 2025)
- SEC Filing
- 0001172661-25-004812 ↗ filed Nov 14, 2025
Holdings Value
Holdings 11 stocks · $2.9B
| YUMC Yum China Holdings Inc. | 19.45% | 13,168,531 | $565.2M | Reduce -7.8% |
| OTIS Otis Worldwide Corp. | 14.01% | 4,452,625 | $407.1M | Add +21.6% |
| ADP Automatic Data Processing | 11.23% | 1,112,427 | $326.5M | Reduce -5.5% |
| HLT Hilton Worldwide Holdings Inc. | 9.88% | 1,107,153 | $287.2M | Reduce -5.5% |
| MA Mastercard Inc. Class A | 8.84% | 451,644 | $256.9M | Reduce -5.4% |
| AZO AutoZone Inc. | 8.43% | 57,124 | $245.1M | Reduce -18.0% |
| ZTS Zoetis Inc. | 7.39% | 1,467,059 | $214.7M | Add +9.5% |
| EXPD Expeditors Intl Wash Inc. | 5.65% | 1,338,654 | $164.1M | Reduce -5.4% |
| SPGI S&P Global Inc. | 5.52% | 329,675 | $160.5M | Reduce -5.8% |
| V Visa Inc. Class A | 4.82% | 410,139 | $140.0M | Reduce -5.8% |
| MCO Moody's Corp. | 4.78% | 291,449 | $138.9M | Reduce -22.8% |
Portfolio Sells Q2 2025 → Q3 2025
| MCO Moody's Corp. | Reduce -22.8% | 4.78% | −1.33 |
| YUMC Yum China Holdings Inc. | Reduce -7.8% | 19.45% | −1.13 |
| ADP Automatic Data Processing | Reduce -5.5% | 11.23% | −0.47 |
| SPGI S&P Global Inc. | Reduce -5.8% | 5.52% | −0.43 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -5.5% | 9.88% | −0.18 |
| V Visa Inc. Class A | Reduce -5.8% | 4.82% | −0.16 |
| AZO AutoZone Inc. | Reduce -18.0% | 8.43% | +0.10 |
| MA Mastercard Inc. Class A | Reduce -5.4% | 8.84% | +0.19 |
| EXPD Expeditors Intl Wash Inc. | Reduce -5.4% | 5.65% | +0.43 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $2.6B | YUMC, SPGI, OTIS, AZO, ADP |
| Q1 2026 | 11 | $2.9B | YUMC, SPGI, OTIS, AZO, ADP |
| Q4 2025 | 12 | $3.0B | YUMC, OTIS, HLT, ADP, AZO |
| Q3 2025 | 11 | $2.9B | YUMC, OTIS, ADP, HLT, MA |
| Q2 2025 | 11 | $3.1B | YUMC, ADP, OTIS, HLT, MA |
| Q1 2025 | 10 | $2.9B | YUMC, OTIS, ADP, AZO, MA |
| Q4 2024 | 11 | $3.3B | YUMC, ADP, OTIS, AZO, MA |
| Q3 2024 | 12 | $3.5B | YUMC, ADP, OTIS, NKE, AZO |
| Q2 2024 | 13 | $3.3B | ADP, OTIS, YUMC, AZO, NKE |
| Q1 2024 | 12 | $3.9B | ADP, OTIS, NKE, YUMC, AZO |