Lindsell Train

Managed by Nick Train

Portfolio value: $2.63B
Holdings: 27
Top 5 weight: 63.2%
Latest filing: Q2 '26 Jun 30

Portfolio

Reported 13F holdings, largest positions first

27holdings

GOOGL 17.49%TKO 16.07%FICO 10.28%TMO 9.81%DIS 9.55%INTU 6.62%Other 30.17%

Company% PortfolioSharesValue

GOOGLALPHABET INC17.49%1,287,000$459.90M TKOTKO GROUP HOLDINGS INC16.07%2,099,000$422.50M FICOFAIR ISAAC CORP10.28%226,000$270.20M TMOTHERMO FISHER SCIENTIFIC INC9.81%515,000$258.00M DISWALT DISNEY CO9.55%2,608,000$251.00M INTUINTUIT INC6.62%667,000$174.10M MDLZMONDELEZ INTERNATIONAL INC5.64%2,565,000$148.40M PEPPEPSICO INC5.27%1,024,000$138.60M PYPLPAYPAL HOLDINGS INC5.2%3,163,000$136.60M EBAYEBAY INC4.74%1,116,000$124.70M BF.BBROWN FORMAN CORP3.62%3,514,000$95.20M MANUMANCHESTER UNITED PLC2.41%2,758,000$63.30M KKRKKR & CO INC2.33%668,000$61.30M VVISA INC0.14%11,000$3.60M SPGIS&P GLOBAL INC0.11%7,000$3.00M AXPAMERICAN EXPRESS CO0.1%8,000$2.60M CPCANADIAN PACIFIC KANSAS CITY LTD0.1%30,000$2.60M EFXEQUIFAX INC0.07%12,000$1.90M VRSKVERISK ANALYTICS INC0.06%10,000$1.70M CMECME GROUP INC0.06%7,000$1.50M ADBEADOBE INC0.05%7,000$1.40M WMGWARNER MUSIC GROUP CORP0.05%50,000$1.40M ORCLORACLE CORP0.05%9,000$1.30M ELESTEE LAUDER COMPANIES INC0.05%15,000$1.20M MSGSMADISON SQUARE GARDEN SPORTS CORP0.04%3,000$1.10M KOCOCA COLA CO0.04%12,000$1.00M NKENIKE INC0.03%21,000$900.00K

From the fund's Q2 '26 13F filingWhat is a 13F?

Activity

Buys and sells, quarter by quarter

Jun 30, 2026 filing - 18 moves · 4 buy-side · 14 sell-side

CompanyChangeValue

GOOGLALPHABET INC24.5%$459.90M TKOTKO GROUP HOLDINGS INC14.3%$422.50M FICOFAIR ISAAC CORP9.2%$270.20M TMOTHERMO FISHER SCIENTIFIC INC16.5%$258.00M DISWALT DISNEY CO18.7%$251.00M INTUINTUIT INC9.1%$174.10M MDLZMONDELEZ INTERNATIONAL INC28.0%$148.40M PEPPEPSICO INC19.8%$138.60M PYPLPAYPAL HOLDINGS INC24.3%$136.60M EBAYEBAY INC42.1%$124.70M BF.BBROWN FORMAN CORP15.5%$95.20M MANUMANCHESTER UNITED PLC12.2%$63.30M KKRKKR & CO INCNew$61.30M VVISA INC10.0%$3.60M AXPAMERICAN EXPRESS CO11.1%$2.60M VRSKVERISK ANALYTICS INC25.0%$1.70M WMGWARNER MUSIC GROUP CORPNew$1.40M CLCOLGATE PALMOLIVE COSold$900.00K

Changes are share-count changes vs. the prior quarter

About this investor

Lindsell Train is Nick Train's firm, known for an extremely concentrated portfolio of durable consumer brands, media and other franchises held with almost no trading. Train looks for businesses with lasting appeal and pricing power that can compound quietly for decades. Very low turnover and a small, carefully chosen list of names define the approach.

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