Lindsell Train Portfolio - Jun 30, 2025

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Lindsell Train, Michael Lindsell, Nick Train, has built a diversified portfolio of 29 publicly traded holdings with a total market value of $4.2B as of Jun 30, 2025. 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 13.6% of the total portfolio value. The top 5 holdings account for 56.6% 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

29
Total Holdings
$4.2B
Portfolio Value
Jun 30, 2025
Latest Filing
13.6%
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 13.6% of the total portfolio, valued at $577.4M.

Rank Symbol Company Value Portfolio % Change
1 TKO TKO GROUP HOLDINGS INC $577.4M 13.6% -6.5%
2 INTU INTUIT $524.4M 12.4% -10.2%
3 DIS DISNEY WALT CO $506.9M 11.9% -4.5%
4 FICO FAIR ISAAC CORP $407.8M 9.6% -7.2%
5 MDLZ MONDELEZ INTL INC $385.0M 9.1% -5.1%

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 94 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
GOOGL Alphabet Inc. +2,009,998 Jun 30, 2025 BUY
PYPL PayPal Holdings, Inc. +356,746 Jun 30, 2025 BUY
TMO Thermo Fisher Scientific Inc +345,822 Jun 30, 2025 BUY
MDLZ Mondelez International, Inc. -309,435 Jun 30, 2025 SELL
MANU Manchester United -243,000 Jun 30, 2025 SELL
TKO TKO Group Holdings, Inc. -220,715 Jun 30, 2025 SELL
DIS Walt Disney Company (The) -193,565 Jun 30, 2025 SELL
EBAY eBay Inc. -85,367 Jun 30, 2025 SELL
INTU Intuit Inc. -75,231 Jun 30, 2025 SELL
BF-B Brown Forman Inc +74,338 Jun 30, 2025 BUY

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 6.5% 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 94 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 Jun 30, 2025 reflects a strategic approach to equity investing with 29 holdings valued at $4.2B. 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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