Lindsell Train Ltd

CIK 1484150 · View on SEC EDGAR ↗

Portfolio value
$2.6B
#1,213 of 8,643 by 13F value · top 14.0%
Positions
28
As of
June 30, 2026

Portfolio value QoQ: -16.2% 13F does not disclose cash

Top 10 holdings weight
90.69%
Top 25 holdings weight
99.89%
Positions above 1%
14
Effective number of positions
9.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 2.19% Est. buys $63,005,001 · sells $628,430,932

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 87.5% still held

New positions
2
Increased
5
Decreased
14
Closed
1
On this page

Performance vs S&P 500

Tracked Q1 2026–Q2 2026
+2.2%
S&P 500 total return (same window)
+14.8%
Excess return
-12.6%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 96.5% · Options excluded: 0.0%

Sector breakdown

Communication Services
45.6%
Technology
17.0%
Consumer Staples
11.0%
Healthcare
9.8%
Financial Services
7.9%
Retail
4.7%
Industrials
0.2%
Consumer products
0.0%
Consumer Discretionary
0.0%
Other/Unmapped
3.6%

Full portfolio 28 positions

Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $459,879,798 17.49% 1,286,845 $-30,306,193 Down ×3
TKO TKO Group Holdings, Inc. Class A Common Stock $422,521,909 16.07% 2,098,862 $-71,413,313 Down ×6
FICO Fair Isaac Corporation Common Stock $270,242,509 10.28% 226,186 $3,974,547 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $257,955,736 9.81% 514,512 $-45,421,987 Down ×4
DIS Walt Disney Company (The) Common Stock $251,005,178 9.55% 2,607,846 $-58,028,329 Down ×6
INTU Intuit Inc. - Common Stock $174,056,463 6.62% 666,883 $-143,180,311 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $148,385,802 5.64% 2,565,453 $-56,925,803 Down ×6
PEP PepsiCo, Inc. - Common Stock $138,609,792 5.27% 1,023,706 $-59,724,267 Down ×6
PYPL PayPal Holdings, Inc. - Common Stock $136,564,177 5.19% 3,162,672 $-52,480,171 Down ×4
EBAY eBay Inc. - Common Stock $124,713,112 4.74% 1,116,001 $-50,726,573 Down ×6
MANU Manchester United Ltd. Class A Ordinary Shares $63,251,167 2.41% 2,758,446 $10,402,727 Down ×6
KKR KKR & Co. Inc. Common Stock $61,288,848 2.33% 667,780 Up ×1
BFA $58,407,827 2.22% 2,134,789 $-10,850,270 Down ×2
BFB $36,758,985 1.40% 1,379,324 $-4,911,751 Down ×2
V Visa Inc. $3,602,445 0.14% 10,500 $489,373 Up ×2
SPGI S&P Global Inc. Common Stock $3,013,724 0.11% 7,400 $-91,258 Up ×4
CP Canadian Pacific Kansas City Limited Common Shares $2,599,500 0.10% 30,000 $239,700
AXP American Express Company Common Stock $2,570,700 0.10% 7,600 $-151,620 Down ×3
EFX Equifax, Inc. Common Stock $1,872,896 0.07% 11,800 $-197,909 Up ×4
VRSK Verisk Analytics, Inc. - Common Stock $1,705,535 0.06% 9,500 $111,635 Up ×2
CME CME Group Inc. - Class A Common Stock $1,523,727 0.06% 6,900 $-514,188
ADBE Adobe Inc. - Common Stock $1,435,140 0.05% 7,000 $-266,420
WMG Warner Music Group Corp. - Class A Common Stock $1,353,500 0.05% 50,000 Up ×1
ORCL Oracle Corporation Common Stock $1,318,950 0.05% 9,000 $-5,040
EL Estee Lauder Companies, Inc. (The) Common Stock $1,184,250 0.05% 15,000 $107,700
MSGS Madison Square Garden Sports Corp. Class A Common Stock (New) $1,125,152 0.04% 2,800 $225,232
KO Coca-Cola Company (The) Common Stock $975,240 0.04% 12,000 $62,640
NKE Nike, Inc. Common Stock $862,050 0.03% 21,000 $-236,606 Up ×2

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
SPGI $3,013,724 0.11% up ×4
EFX $1,872,896 0.07% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
KKR $61,288,848 667,780 2.33%
WMG $1,353,500 50,000 0.05%

Top movers (QoQ)

Security Action Shares Δ Value Δ
INTU Trimmed -67K -$143.2M
TKO Trimmed -351K -$71.4M
PEP Trimmed -253K -$59.7M
DIS Trimmed -599K -$58.0M
MDLZ Trimmed -997K -$56.9M
PYPL Trimmed -1.0M -$52.5M
EBAY Trimmed -811K -$50.7M
TMO Trimmed -103K -$45.4M
GOOGL Trimmed -418K -$30.3M
BFA Trimmed -450K -$10.9M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
GOOG March 31, 2025 17,750 $3,360,075 118.5%
TROW March 31, 2026 12,000 $1,228,560 24.6%
CL June 30, 2026 10,000 $852,300 1.2%
HSY Sept. 30, 2025 5,100 $846,345 0.3%