# EDGAR Filing Document

**Accession Number:** 0001670104
**File Stem:** 0001172661-25-003983
**Filing Date:** 2025-8
**Character Count:** 7184
**Document Hash:** f6d9eed2406695239135f9c74e30d793
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003983.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001172661-25-003983

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLS CAPITAL FONDSMAEGLERSELSKAB A/S
- **CENTRAL INDEX KEY:** 0001670104

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** G7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17419
- **FILM NUMBER:** 251277490

**BUSINESS ADDRESS:**
- **STREET 1:** STRANDVEJEN 724
- **CITY:** KLAMPENBORG
- **STATE:** G7
- **ZIP:** 2930
- **BUSINESS PHONE:** (45) 4558-4024

**MAIL ADDRESS:**
- **STREET 1:** STRANDVEJEN 724
- **CITY:** KLAMPENBORG
- **STATE:** G7
- **ZIP:** 2930

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001670104

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** BLS CAPITAL FONDSMAEGLERSELSKAB A/S

**Address:** STRANDVEJEN 724, KLAMPENBORG, G7 2930

**Telephone number:** 004545584020

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-17419

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 254900VGW6POFMVTTU76

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                  | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                   | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| NIKE, INC.                      | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        2852106 |                0 | FOR         |                                  2852106 | FOR                         |  |
| AUTOMATIC DATA PROCESSING, INC. | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1407436 |                0 | FOR         |                                  1407436 | FOR                         |  |
| AUTOZONE, INC.                  | 053332102 | 12/18/2024     | Approval of an advisory vote on the compensation of named executive officers                                                                       | SECTION 14A SAY-ON-PAY VOTES |          71124 |                0 | FOR         |                                    71124 | FOR                         |  |
| VISA INC.                       | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                           | SECTION 14A SAY-ON-PAY VOTES |         600342 |                0 | FOR         |                                   600342 | FOR                         |  |
| MOODY'S CORPORATION             | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         237344 |                0 | FOR         |                                   237344 | FOR                         |  |
| S GLOBAL INC.                   | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES |         274885 |                0 | FOR         |                                   274885 | FOR                         |  |
| HILTON WORLDWIDE HOLDINGS INC.  | 43300A203 | 05/14/2025     | Approval, in a non-binding advisory vote, of the compensation paid to the Company's named executive officers.                                      | SECTION 14A SAY-ON-PAY VOTES |         713227 |                0 | FOR         |                                   713227 | FOR                         |  |
| OTIS WORLDWIDE CORPORATION      | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        2994382 |                0 | FOR         |                                  2994382 | FOR                         |  |
| ZOETIS INC.                     | 98978V103 | 05/21/2025     | Advisory vote to approve our executive compensation.                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         791906 |                0 | FOR         |                                   791906 | FOR                         |  |
| YUM CHINA HOLDINGS, INC.        | 98850P109 | 05/23/2025     | Advisory Vote to Approve Executive Compensation                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        9978143 |                0 | FOR         |                                  9978143 | FOR                         |  |
| MASTERCARD INCORPORATED         | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         366361 |                0 | FOR         |                                   366361 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** BLS CAPITAL FONDSMAEGLERSELSKAB A/S

**By (Signature):** Anna Grex

**By (Printed Signature):** Anna Grex

**By (Title):** CEO

**Date:** 08/29/2025