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BLS Capital Fondsmaeglerselskab A/S
Anders Lund · Asset Manager · Value
BLS Capital Fondsmaeglerselskab A/S is a boutique asset management firm based in Klampenborg, Denmark. Founded in January 2008 by Anders Lund and Peter Bundgaard Rørdam, the company focuses on managing concentrated equity portfolios for professional investors worldwide. The firm is regulated by both the Danish Financial Supervisory Authority and the U.S. Securities and Exchange Commission. Its investment approach is centered on long-term, non-speculative ownership of robust, listed companies with sustainable competitive advantages and high returns on invested capital. BLS Capital manages various vehicles, including the Danish-domiciled Kapitalforeningen BLS Invest, an Irish UCITS fund, and segregated accounts for global institutions. The firm prides itself on its fundamental bottom-up research and a disciplined, valuation-founded strategy that treats investments as partnerships in business value creation.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +2.2% |
| YTD return | -1.5% |
| Sharpe ratio | 1.12 |
| Win rate | 57% |
| AUM | $3.7B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $3.7B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.blscapital.dk/ |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| YUMC | Yum China Holdings Inc | 12.9% | +1.1% |
| SPGI | S&P Global Inc | 10.5% | -0.2% |
| IHG | InterContinental Hotels Group PLC ADR | 9.3% | +29.8% |
| OTIS | Otis Worldwide Corp | 8.7% | -21.8% |
| ADP | Automatic Data Processing Inc | 7.7% | +1.9% |
| AZO | AutoZone Inc | 7.5% | -23.2% |
| HLN | Haleon plc | 7.1% | +4.4% |
| MCO | Moodys Corporation | 6.9% | +6.1% |
| MA | Mastercard Inc | 6.6% | +1.7% |
| V | Visa Inc. Class A | 5.8% | +10.5% |
| AJG | Arthur J Gallagher & Co | 4.4% | +31.1% |
| ZTS | Zoetis Inc | 4.0% | -44.6% |
| CRM | Salesforce.com Inc | 3.2% | +42.0% |
| DEO | Diageo PLC ADR | 2.3% | -5.6% |
| EXPGY | Experian plc PK | 1.9% | -0.0% |
| BOZTY | Boozt AB ADR | 1.1% | 0.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Jul 6, 2026 | BUY | EXPGY | 1.4% → 1.9% |
| Jul 6, 2026 | BUY | CRM | 3.5% → 3.2% |
| Jul 6, 2026 | BUY | SPGI | 9.9% → 10.5% |
| Jul 6, 2026 | BUY | ADP | 6.7% → 7.7% |
| Jul 6, 2026 | BUY | AJG | 3.5% → 4.4% |
Investment Style Analysis
BLS Capital Fondsmaeglerselskab A/S is widely recognized for employing a Value strategy. As of Sep 4, 2026, the firm oversees approximately $3.7B in assets under management (AUM). The portfolio demonstrates a clear preference for the Financial Data & Stock Exchanges and Restaurants sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Jul 6, BLS Capital Fondsmaeglerselskab A/S made a significant move by increasing exposure to EXPGY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
BLS Capital follows a long-term, non-speculative investment philosophy, viewing its role as a co-owner of companies rather than a speculator in stock price movements. The strategy is built on fundamental bottom-up research and a valuation-founded approach, targeting high-quality companies with proven business models, strong pricing power, and resilient balance sheets. Key metrics include high return on invested capital (ROIC) and consistent free cash flow generation. The firm maintains a concentrated portfolio of 25 to 30 global companies, characterized by sustainable competitive advantages and skilled management teams. By investing with an infinite time horizon and low turnover, BLS Capital aims to compound capital and generate attractive risk-adjusted returns over the long term.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with BLS Capital Fondsmaeglerselskab A/S.
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Frequently asked questions
How is the simulated portfolio for BLS Capital Fondsmaeglerselskab A/S constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is BLS Capital Fondsmaeglerselskab A/S's largest holding?
As of the latest filing, BLS Capital Fondsmaeglerselskab A/S's top position is Yum China Holdings Inc (YUMC), representing 12.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is BLS Capital Fondsmaeglerselskab A/S's historical performance and risk profile?
Our simulation indicates a total return of +2.2% with a win rate of 57%. Notably, the portfolio maintains a Sharpe Ratio of 1.12, suggesting an strong level of risk-adjusted returns compared to the broader market.
What sectors does BLS Capital Fondsmaeglerselskab A/S primarily invest in?
BLS Capital Fondsmaeglerselskab A/S has a strong preference for the Financial Data & Stock Exchanges sector, which makes up 17.4% of their disclosed assets. The portfolio also has exposure to Restaurants, indicating a specific thematic focus.
Is BLS Capital Fondsmaeglerselskab A/S's portfolio concentrated or diversified?
BLS Capital Fondsmaeglerselskab A/S runs a highly concentrated portfolio with 16 disclosed positions. The top 3 holdings alone account for 32.7% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has BLS Capital Fondsmaeglerselskab A/S performed in 2026?
Our AI-simulated model portfolio for BLS Capital Fondsmaeglerselskab A/S tracks a Year-to-Date (YTD) return of -1.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Anders Lund manage BLS Capital Fondsmaeglerselskab A/S directly?
Yes, Anders Lund serves as the key portfolio manager for BLS Capital Fondsmaeglerselskab A/S, overseeing the investment strategy and final capital allocation decisions.