BLS CAPITAL FONDSMAEGLERSELSKAB A/S Long-Term Concentrated

CIK: 0001670104 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $2,950,500 (100.0% shares, 0.0% debt)

Holdings (12)

New Positions (1)

CRM SALESFORCE INC 4.8%

Value ($000) $142,604 Shares 538,310 Est. Cost $248.17 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	538,310	$142,604	4.8%	$248.17	0.0%	COM	79466L302

Increased Positions (5)

ZTS ZOETIS INC 8.4%

Value ($000) $248,698 (+15.9%) Shares 1,976,616 (+34.7%) Est. Cost $153.67 Unrealized -15.2%

V VISA INC 5.5%

Value ($000) $160,902 (+14.9%) Shares 458,789 (+11.9%) Est. Cost $200.61 Unrealized +69.7%

SPGI S&P GLOBAL INC 5.9%

Value ($000) $174,637 (+8.8%) Shares 334,175 (+1.4%) Est. Cost $288.61 Unrealized +71.2%

AZO AUTOZONE INC 8.4%

Value ($000) $248,865 (+1.5%) Shares 73,379 (+28.5%) Est. Cost $2563.03 Unrealized +47.4%

OTIS OTIS WORLDWIDE CORP 13.9%

Value ($000) $408,670 (+0.4%) Shares 4,678,538 (+5.1%) Est. Cost $66.73 Unrealized +33.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC	1,976,616 (+34.7%)	$248,698 (+15.9%)	8.4%	$153.67	-15.2%	CL A	98978V103
V	VISA INC	458,789 (+11.9%)	$160,902 (+14.9%)	5.5%	$200.61	+69.7%	COM CL A	92826C839
SPGI	S&P GLOBAL INC	334,175 (+1.4%)	$174,637 (+8.8%)	5.9%	$288.61	+71.2%	COM	78409V104
AZO	AUTOZONE INC	73,379 (+28.5%)	$248,865 (+1.5%)	8.4%	$2563.03	+47.4%	COM	053332102
OTIS	OTIS WORLDWIDE CORP	4,678,538 (+5.1%)	$408,670 (+0.4%)	13.9%	$66.73	+33.7%	COM	68902V107

Decreased Positions (5)

EXPD EXPEDITORS INTL WASH INC 0.7%

Value ($000) $20,728 (-87.4%) Shares 139,103 (-89.6%) Est. Cost $110.87 Unrealized +22.3%

YUMC YUM CHINA HLDGS INC 20.0%

Value ($000) $590,376 (+4.5%) Shares 12,366,491 (-6.1%) Est. Cost $46.61 Unrealized -1.7%

MA MASTERCARD INCORPORATED 8.1%

Value ($000) $238,225 (-7.3%) Shares 417,294 (-7.6%) Est. Cost $306.00 Unrealized +82.7%

HLT HILTON WORLDWIDE HLDGS INC 9.9%

Value ($000) $293,341 (+2.1%) Shares 1,021,203 (-7.8%) Est. Cost $223.29 Unrealized +21.9%

MCO MOODYS CORP 4.7%

Value ($000) $137,955 (-0.7%) Shares 270,049 (-7.3%) Est. Cost $284.61 Unrealized +71.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXPD	EXPEDITORS INTL WASH INC	139,103 (-89.6%)	$20,728 (-87.4%)	0.7%	$110.87	+22.3%	COM	302130109
YUMC	YUM CHINA HLDGS INC	12,366,491 (-6.1%)	$590,376 (+4.5%)	20.0%	$46.61	-1.7%	COM	98850P109
MA	MASTERCARD INCORPORATED	417,294 (-7.6%)	$238,225 (-7.3%)	8.1%	$306.00	+82.7%	CL A	57636Q104
HLT	HILTON WORLDWIDE HLDGS INC	1,021,203 (-7.8%)	$293,341 (+2.1%)	9.9%	$223.29	+21.9%	COM	43300A203
MCO	MOODYS CORP	270,049 (-7.3%)	$137,955 (-0.7%)	4.7%	$284.61	+71.2%	COM	615369105

Unchanged Positions (1)

ADP AUTOMATIC DATA PROCESSING IN 9.7%

Value ($000) $285,501 Shares 1,109,907 Est. Cost $189.40 Unrealized +39.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADP	AUTOMATIC DATA PROCESSING IN	1,109,907	$285,501	9.7%	$189.40	+39.8%	COM	053015103