BLS CAPITAL FONDSMAEGLERSELSKAB A/S Q2 2020 Filing

Filed August 12, 2020

Portfolio Value

$1.8B

Holdings

12

Report Date

Q2 2020

Filing Type

13F-HR

All Holdings (12 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	BUDANHEUSER-BUSCH INBEV-SPN ADR	6,060,063	$298.8M	16.34%
2	MAMASTERCARD INC - A	922,166	$272.7M	14.92%
3	OTISOTIS WORLDWIDE CORP	3,385,266	$192.5M	10.53%
4	AXPAMERICAN EXPRESS CO	1,880,190	$179.0M	9.79%
5	ADPAUTOMATIC DATA PROCESSING	1,145,778	$170.6M	9.33%
6	ELESTEE LAUDER COMPANIES-CL A	754,850	$142.4M	7.79%
7	SBUXSTARBUCKS CORP	1,737,483	$127.9M	6.99%
8	VVISA INC-CLASS A SHARES	538,918	$104.1M	5.69%
9	EXPDEXPEDITORS INTL WASH INC	1,209,706	$92.0M	5.03%
10	MCOMOODY'S CORP	310,728	$85.4M	4.67%
11	FDSFACTSET RESEARCH SYSTEMS INC	248,600	$81.7M	4.47%
12	SPGIS&P GLOBAL INC	246,460	$81.2M	4.44%