Nick Train, Lindsell Train
Portfolio USD 2,628,786,000 across 28 positions as of 2026 Q2; history from 2018 Q3. Source: quarterly 13F filings via dataroma.com.
Positions, 2026 Q2
- GOOGL Alphabet Inc.: 18% of portfolio, USD 459,880,000, reduce -24.51%
- TKO TKO Group Holdings Inc.: 16% of portfolio, USD 422,522,000, reduce -14.31%
- FICO Fair Isaac Corp.: 10% of portfolio, USD 270,243,000, reduce -9.32%
- TMO Thermo Fisher Scientific: 9.8% of portfolio, USD 257,956,000, reduce -16.64%
- DIS Walt Disney Co.: 9.6% of portfolio, USD 251,005,000, reduce -18.67%
- INTU Intuit Inc.: 6.6% of portfolio, USD 174,056,000, reduce -9.11%
- MDLZ Mondelez International: 5.6% of portfolio, USD 148,386,000, reduce -27.98%
- PEP PepsiCo Inc.: 5.3% of portfolio, USD 138,610,000, reduce -19.85%
- PYPL PayPal Holdings Inc.: 5.2% of portfolio, USD 136,564,000, reduce -24.33%
- EBAY eBay Inc.: 4.7% of portfolio, USD 124,713,000, reduce -42.1%
- MANU Manchester United plc: 2.4% of portfolio, USD 63,251,000, reduce -12.21%
- KKR KKR & Co. L.P.: 2.3% of portfolio, USD 61,289,000, new
- BF.A Brown-Forman Corp. CL A: 2.2% of portfolio, USD 58,408,000, reduce -17.42%
- BF.B Brown-Forman Corp.: 1.4% of portfolio, USD 36,759,000, reduce -12.48%
- V Visa Inc.: 0.1% of portfolio, USD 3,602,000, add +1.94%
- SPGI S&P Global Inc.: 0.1% of portfolio, USD 3,014,000, add +1.37%
- CP Canadian Pacific Kansas City: 0.1% of portfolio, USD 2,600,000, hold
- AXP American Express: 0.1% of portfolio, USD 2,571,000, reduce -15.56%
- EFX Equifax Inc.: 0.1% of portfolio, USD 1,873,000, add +2.61%
- VRSK Verisk Analytics Inc.: 0.1% of portfolio, USD 1,706,000, add +13.1%
- CME CME Group: 0.1% of portfolio, USD 1,524,000, hold
- ADBE Adobe Inc.: 0.1% of portfolio, USD 1,435,000, hold
- WMG Warner Music Group Corp. CL A: 0.1% of portfolio, USD 1,354,000, new
- ORCL Oracle Corp.: 0.1% of portfolio, USD 1,319,000, hold
- EL Estee Lauder Cos.: 0.1% of portfolio, USD 1,184,000, hold
- MSGS Madison Square Garden Sports Corp.: <0.1% of portfolio, USD 1,125,000, hold
- KO Coca Cola Co.: <0.1% of portfolio, USD 975,000, hold
- NKE NIKE Inc.: <0.1% of portfolio, USD 862,000, add +0.96%
Portfolio value, all published quarters
- 2018 Q3: USD 4,413,026,160
- 2018 Q4: USD 4,135,981,203
- 2019 Q1: USD 5,168,558,314
- 2019 Q2: USD 5,891,101,978
- 2019 Q3: USD 5,918,172,705
- 2019 Q4: USD 6,247,970,050
- 2020 Q1: USD 4,689,104,178
- 2020 Q2: USD 6,005,963,597
- 2020 Q3: USD 6,159,737,432
- 2020 Q4: USD 6,887,431,079
- 2021 Q1: USD 7,095,109,663
- 2021 Q2: USD 7,734,453,275
- 2021 Q3: USD 7,243,157,004
- 2021 Q4: USD 6,900,312,712
- 2022 Q1: USD 6,347,902,971
- 2022 Q2: USD 5,099,444,162
- 2022 Q3: USD 4,925,029,307
- 2022 Q4: USD 5,261,757,595
- 2023 Q1: USD 5,733,292,655
- 2023 Q2: USD 5,613,881,030
- 2023 Q3: USD 4,982,723,417
- 2023 Q4: USD 5,156,263,033
- 2024 Q1: USD 4,759,257,153
- 2024 Q2: USD 4,334,517,779
- 2024 Q3: USD 4,431,189,847
- 2024 Q4: USD 3,999,902,415
- 2025 Q1: USD 3,614,009,224
- 2025 Q2: USD 4,243,628,125
- 2025 Q3: USD 4,075,657,439
- 2025 Q4: USD 3,943,393,192
- 2026 Q1: USD 3,136,500,519
- 2026 Q2: USD 2,628,786,000