Lindsell Train Portfolio - Mar 31, 2026

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Lindsell Train, Michael Lindsell, Nick Train, has built a diversified portfolio of 27 publicly traded holdings with a total market value of $3.1B as of Mar 31, 2026. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 15.7% of the total portfolio value. The top 5 holdings account for 61.0% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

27
Total Holdings
$3.1B
Portfolio Value
Mar 31, 2026
Latest Filing
15.7%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in TKO GROUP HOLDINGS INC (TKO) represents 15.7% of the total portfolio, valued at $493.9M.

Rank Symbol Company Value Portfolio % Change
1 TKO TKO GROUP HOLDINGS INC $493.9M 15.7% -13.1%
2 GOOGL ALPHABET INC $490.2M 15.6% -18.4%
3 INTU INTUIT $317.2M 10.1% +20.2%
4 DIS DISNEY WALT CO $309.0M 9.9% -7.9%
5 TMO THERMO FISHER SCIENTIFIC INC $303.4M 9.7% -10.5%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 129 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
MDLZ Mondelez International, Inc. -917,890 Mar 31, 2026 SELL
PEP Pepsico, Inc. -524,786 Mar 31, 2026 SELL
MANU Manchester United -454,500 Mar 31, 2026 SELL
GOOGL Alphabet Inc. -383,959 Mar 31, 2026 SELL
TKO TKO Group Holdings, Inc. -370,736 Mar 31, 2026 SELL
DIS Walt Disney Company (The) -275,423 Mar 31, 2026 SELL
BF-A Brown Forman Inc -157,518 Mar 31, 2026 SELL
EBAY eBay Inc. -151,594 Mar 31, 2026 SELL
INTU Intuit Inc. +123,448 Mar 31, 2026 BUY
PYPL PayPal Holdings, Inc. -118,995 Mar 31, 2026 SELL

Investment Strategy Insights

Lindsell Train's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in TKO GROUP HOLDINGS INC (TKO) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 13.1% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 129 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Lindsell Train's portfolio as of Mar 31, 2026 reflects a strategic approach to equity investing with 27 holdings valued at $3.1B. The concentrated position in TKO GROUP HOLDINGS INC and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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