Nick Train - Lindsell Train
Lindsell Train
Latest 13F filing
Q1 2026
filed Apr 24, 2026
Portfolio value
$3.14B
Positions
27
Top 10 concentration
94.0%
QoQ change
-20.5%
$-806.58M
Activity vs. Q4 2025
0
New positions
8
Added to
2
Unchanged
17
Reduced
6
Exited
Portfolio composition — Q1 2026
- TKOTKO GROUP HOLDINGS INC15.7%
- GOOGLALPHABET INC15.6%
- INTUINTUIT10.1%
- DISDISNEY WALT CO9.9%
- TMOTHERMO FISHER SCIENTIFIC INC9.7%
- FICOFAIR ISAAC CORP8.5%
- MDLZMONDELEZ INTL INC6.5%
- PEPPEPSICO INC6.3%
- PYPLPAYPAL HLDGS INC6.0%
- EBAYEBAY INC.5.6%
- Other17 more positions6.0%
Top buys
New & added positions, by size
Holdings as of Q1 2026
| # | Ticker | Issuer | Shares | Value | % Portfolio | Reported price | Action | Δ Shares |
|---|---|---|---|---|---|---|---|---|
| 1 | TKO | TKO GROUP HOLDINGS INC | 2,449,468 | $493.94M | 15.75% | $201.65 | REDUCE | -13.1% |
| 2 | GOOGL | ALPHABET INC | 1,704,639 | $490.19M | 15.63% | $287.56 | REDUCE | -18.4% |
| 3 | INTU | INTUIT | 733,699 | $317.24M | 10.11% | $432.38 | ADD | +20.2% |
| 4 | DIS | DISNEY WALT CO | 3,206,407 | $309.03M | 9.85% | $96.38 | REDUCE | -7.9% |
| 5 | TMO | THERMO FISHER SCIENTIFIC INC | 617,211 | $303.38M | 9.67% | $491.53 | REDUCE | -10.5% |
| 6 | FICO | FAIR ISAAC CORP | 249,422 | $266.27M | 8.49% | $1067.54 | ADD | +15.2% |
| 7 | MDLZ | MONDELEZ INTL INC | 3,561,964 | $205.31M | 6.55% | $57.64 | REDUCE | -20.5% |
| 8 | PEP | PEPSICO INC | 1,277,185 | $198.33M | 6.32% | $155.29 | REDUCE | -29.1% |
| 9 | PYPL | PAYPAL HLDGS INC | 4,179,623 | $189.04M | 6.03% | $45.23 | REDUCE | -2.8% |
| 10 | EBAY | EBAY INC. | 1,927,485 | $175.44M | 5.59% | $91.02 | REDUCE | -7.3% |
| 11 | BF/A | BROWN FORMAN CORP | 2,585,222 | $69.26M | 2.21% | $26.79 | REDUCE | -5.7% |
| 12 | MANU | MANCHESTER UTD PLC NEW | 3,142,000 | $52.85M | 1.68% | $16.82 | REDUCE | -12.6% |
| 13 | BF/B | BROWN FORMAN CORP | 1,576,049 | $41.67M | 1.33% | $26.44 | REDUCE | -4.5% |
| 14 | V | VISA INC | 10,300 | $3.11M | 0.10% | $302.24 | ADD | +3.0% |
| 15 | SPGI | S&P GLOBAL INC | 7,300 | $3.10M | 0.10% | $425.34 | ADD | +7.4% |
| 16 | AXP | AMERICAN EXPRESS CO | 9,000 | $2.72M | 0.09% | $302.48 | REDUCE | -8.2% |
| 17 | CP | CANADIAN PACIFIC KANSAS CITY | 30,000 | $2.36M | 0.08% | $78.66 | — | 0% |
| 18 | EFX | EQUIFAX INC | 11,500 | $2.07M | 0.07% | $180.07 | ADD | +4.5% |
| 19 | CME | CME GROUP INC | 6,900 | $2.04M | 0.06% | $295.35 | REDUCE | -6.8% |
| 20 | ADBE | ADOBE INC | 7,000 | $1.70M | 0.05% | $243.08 | ADD | +32.1% |
| 21 | VRSK | VERISK ANALYTICS INC | 8,400 | $1.59M | 0.05% | $189.75 | ADD | +12.0% |
| 22 | ORCL | ORACLE CORP | 9,000 | $1.32M | 0.04% | $147.11 | — | 0% |
| 23 | NKE | NIKE INC | 20,800 | $1.10M | 0.04% | $52.82 | ADD | +2.0% |
| 24 | EL | LAUDER ESTEE COS INC | 15,000 | $1.08M | 0.03% | $71.77 | REDUCE | -3.2% |
| 25 | KO | COCA COLA CO | 12,000 | $912.60K | 0.03% | $76.05 | REDUCE | -29.4% |
| 26 | MSGS | MADISON SQUARE GRDN SPRT COR | 2,800 | $899.92K | 0.03% | $321.40 | REDUCE | -15.2% |
| 27 | CL | COLGATE PALMOLIVE CO | 10,000 | $852.30K | 0.03% | $85.23 | REDUCE | -31.5% |
Positions exited in Q1 2026
Source: SEC EDGAR 13F-HR filing Apr 24, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001484150.