BLS Capital Fondsmaeglerselskab A/S
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), BLS Capital Fondsmaeglerselskab A/S reported 12 stock positions worth $3.0 billion. Its top holding was Yum China (YUMC) at 20.0% of the portfolio, followed by Otis Worldwide (OTIS, 13.9%) and Hilton Worldwide (HLT, 9.9%). Compared with Q3 2025, it opened 1 new position, added to 5 and reduced 6. The biggest buy was a new position in Salesforce (CRM) and the biggest sale Expeditors Intl Wash (EXPD, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- KLAMPENBORG, G7
- CIK
- 0001670104
- Portfolio Value
- $3.0B (Q4 2025)
- SEC Filing
- 0001172661-26-000822 ↗ filed Feb 17, 2026
Holdings Value
Holdings 12 stocks · $3.0B
| YUMC Yum China Holdings Inc. | 20.01% | 12,366,491 | $590.4M | Reduce -6.1% |
| OTIS Otis Worldwide Corp. | 13.85% | 4,678,538 | $408.7M | Add +5.1% |
| HLT Hilton Worldwide Holdings Inc. | 9.94% | 1,021,203 | $293.3M | Reduce -7.8% |
| ADP Automatic Data Processing | 9.68% | 1,109,907 | $285.5M | Reduce -0.2% |
| AZO AutoZone Inc. | 8.43% | 73,379 | $248.9M | Add +28.5% |
| ZTS Zoetis Inc. | 8.43% | 1,976,616 | $248.7M | Add +34.7% |
| MA Mastercard Inc. Class A | 8.07% | 417,294 | $238.2M | Reduce -7.6% |
| SPGI S&P Global Inc. | 5.92% | 334,175 | $174.6M | Add +1.4% |
| V Visa Inc. Class A | 5.45% | 458,789 | $160.9M | Add +11.9% |
| CRM Salesforce Inc. | 4.83% | 538,310 | $142.6M | New |
| MCO Moody's Corp. | 4.68% | 270,049 | $138.0M | Reduce -7.3% |
| EXPD Expeditors Intl Wash Inc. | 0.70% | 139,103 | $20.7M | Reduce -89.6% |
Portfolio Sells Q3 2025 → Q4 2025
| EXPD Expeditors Intl Wash Inc. | Reduce -89.6% | 0.70% | −4.94 |
| ADP Automatic Data Processing | Reduce -0.2% | 9.68% | −1.56 |
| MA Mastercard Inc. Class A | Reduce -7.6% | 8.07% | −0.77 |
| MCO Moody's Corp. | Reduce -7.3% | 4.68% | −0.10 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -7.8% | 9.94% | +0.06 |
| YUMC Yum China Holdings Inc. | Reduce -6.1% | 20.01% | +0.56 |
Portfolio Buys Q3 2025 → Q4 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 |