Lindsell Train Ltd

Superinvestor · Nick Train

CIK

1484150

Location

London, X0

Portfolio Value

Mid $2,591,862,602

Diversification

Diversified

Filing Date

Global Rank

#144 / 2,477 ▲ 764

Top Industry

Entertainment 28.5%

3Y Alpha vs SPY

-10.9%

Period ended 27 days ago

Filed Jul 15, 2026 · 12d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+29.9%

SPY

+68.9%

Annualised alpha

-10.0%

Max drawdown

−16.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

27 positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

17.7%

+1.8 pts

Top 5

64.1%

+2.3 pts

Top 10

92.0%

−3.3 pts

HHI

1,056

Diversified+13

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Communication Services	46.3%	$1,199,136,701	6
Technology	17.2%	$447,053,062	4
Consumer Defensive	13.4%	$347,562,910	5
Healthcare	10.0%	$257,955,736	1
Financial Services	8.0%	$208,401,101	6
Consumer Cyclical	4.8%	$125,575,161	2
Industrials	0.2%	$6,177,931	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
VRSK	Verisk Analytics, Inc.	+1,100	9,500	$1,705,535
EFX	Equifax Inc	+300	11,800	$1,872,896
V	Visa Inc.	+200	10,500	$3,602,445
NKE	NIKE, Inc.	+200	21,000	$862,050
SPGI	S&P Global Inc.	+100	7,400	$2,851,205
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
PYPL	PayPal Holdings, Inc.	−1,016,951	3,162,672	$136,564,176
MDLZ	Mondelez International, Inc.	−996,511	2,565,453	$148,385,801
EBAY	Ebay Inc	−811,484	1,116,001	$124,713,111
DIS	Walt Disney Co	−598,561	2,607,846	$251,005,177
BF-A	Brown Forman Corp	−450,433	2,134,789	$58,407,827
GOOGL	Alphabet Inc.	−417,794	1,286,845	$459,879,797
MANU	Manchester United plc	−383,554	2,758,446	$63,251,166
TKO	TKO Group Holdings, Inc.	−350,606	2,098,862	$422,521,909
PEP	Pepsico Inc	−253,479	1,023,706	$138,609,792
TMO	Thermo Fisher Scientific Inc.	−102,699	514,512	$257,955,736
INTU	Intuit Inc.	−66,816	666,883	$174,056,463
FICO	Fair Isaac Corp	−23,236	226,186	$270,242,509
AXP	American Express Co	−1,400	7,600	$2,570,700
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
KKR	KKR & Co. Inc.	667,780	$61,288,848
WMG	Warner Music Group Corp.	50,000	$1,353,500
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
CL	Colgate Palmolive Co	10,000	$852,300
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 positions · $2,591,862,602 total · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	1,286,845	-417,794	$459,879,797	−6.2%	$359.97	17.74%
TKO	TKO Group Holdings, Inc. Communication Services	Reduced	2,098,862	-350,606	$422,521,909	−14.5%	$195.04	16.30%
FICO	Fair Isaac Corp Technology	Reduced	226,186	-23,236	$270,242,509	+1.5%	$1,120.63	10.43%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	514,512	-102,699	$257,955,736	−15.0%	$479.98	9.95%
DIS	Walt Disney Co Communication Services	Reduced	2,607,846	-598,561	$251,005,177	−18.8%	$101.94	9.68%
INTU	Intuit Inc. Technology	Reduced	666,883	-66,816	$174,056,463	−45.1%	$348.35	6.72%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	2,565,453	-996,511	$148,385,801	−27.7%	$60.25	5.73%
PEP	Pepsico Inc Consumer Defensive	Reduced	1,023,706	-253,479	$138,609,792	−30.1%	$149.53	5.35%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	3,162,672	-1,016,951	$136,564,176	−27.8%	$45.48	5.27%
EBAY	Ebay Inc Consumer Cyclical	Reduced	1,116,001	-811,484	$124,713,111	−28.9%	$106.74	4.81%
MANU	Manchester United plc Communication Services	Reduced	2,758,446	-383,554	$63,251,166	+19.7%	$19.80	2.44%
KKR	KKR & Co. Inc. Financial Services	NEW	667,780	NEW	$61,288,848	NEW	$96.96	2.36%
BF-A	Brown Forman Corp Consumer Defensive	Reduced	2,134,789	-450,433	$58,407,827	−15.7%	$27.46	2.25%
V	Visa Inc. Financial Services	Added	10,500	+200	$3,602,445	+15.7%	$321.15	0.14%
SPGI	S&P Global Inc. Financial Services	Added	7,400	+100	$2,851,205	−2.9%	$399.53	0.11%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Held	30,000	0	$2,599,500	+10.2%	$85.68	0.10%
AXP	American Express Co Financial Services	Reduced	7,600	-1,400	$2,570,700	−5.6%	$320.15	0.10%
EFX	Equifax Inc Industrials	Added	11,800	+300	$1,872,896	−9.6%	$170.43	0.07%
VRSK	Verisk Analytics, Inc. Industrials	Added	9,500	+1,100	$1,705,535	+7.0%	$175.88	0.07%
CME	Cme Group Inc. Financial Services	Held	6,900	0	$1,523,727	−25.2%	$276.59	0.06%
ADBE	Adobe Inc. Technology	Held	7,000	0	$1,435,140	−15.7%	$236.98	0.06%
WMG	Warner Music Group Corp. Communication Services	NEW	50,000	NEW	$1,353,500	NEW	$29.76	0.05%
ORCL	Oracle Corp Technology	Held	9,000	0	$1,318,950	−0.4%	$181.33	0.05%
EL	Estee Lauder Companies Inc Consumer Defensive	Held	15,000	0	$1,184,250	+10.0%	$80.75	0.05%
MSGS	Madison Square Garden Sports Corp. Communication Services	Held	2,800	0	$1,125,152	+25.0%	$354.13	0.04%
KO	Coca Cola Co Consumer Defensive	Held	12,000	0	$975,240	+6.9%	$78.96	0.04%
NKE	NIKE, Inc. Consumer Cyclical	Added	21,000	+200	$862,050	−21.5%	$43.98	0.03%