Michael Lindsell, Nick Train – Lindsell Train Portfolio Activity & Recent Trades (Mar 31, 2026)
As of Mar 31, 2026, the Lindsell Train portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Apr 24, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q1 2026, the filing reported:
New Buys –
None reported
Increases – Adobe Inc., Equifax, Inc., Fair Isaac Corporation, Intuit Inc., Nike, Inc., and 3 more
Reductions – American Express Company, Brown Forman Inc, Brown Forman Inc, Colgate-Palmolive Company, CME Group Inc., and 12 more
Complete Exits – T. Rowe Price Group, Inc.
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q1 2026 | ADBE Adobe Inc. | Adobe Inc. | Buy | +1,700 | +32.1% | $1.70M | 7,000 |
Q1 2026 | AXP American Express Company | American Express Company | Sell | -800 | -8.2% | $2.72M | 9,000 |
Q1 2026 | BF-A Brown Forman Inc | Brown Forman Inc | Sell | -157,518 | -5.7% | $69.26M | 2,585,222 |
Q1 2026 | BF-B Brown Forman Inc | Brown Forman Inc | Sell | -73,715 | -4.5% | $41.67M | 1,576,049 |
Q1 2026 | CL Colgate-Palmolive Company | Colgate-Palmolive Company | Sell | -4,600 | -31.5% | $852.30K | 10,000 |
Q1 2026 | CME CME Group Inc. | CME Group Inc. | Sell | -500 | -6.8% | $2.04M | 6,900 |
Q1 2026 | DIS Walt Disney Company (The) | Walt Disney Company (The) | Sell | -275,423 | -7.9% | $309.03M | 3,206,407 |
Q1 2026 | EBAY eBay Inc. | eBay Inc. | Sell | -151,594 | -7.3% | $175.44M | 1,927,485 |
Q1 2026 | EFX Equifax, Inc. | Equifax, Inc. | Buy | +500 | +4.5% | $2.07M | 11,500 |
Q1 2026 | EL Estee Lauder Companies, Inc. (T | Estee Lauder Companies, Inc. (T | Sell | -500 | -3.2% | $1.08M | 15,000 |
Q1 2026 | FICO Fair Isaac Corporation | Fair Isaac Corporation | Buy | +32,829 | +15.2% | $266.27M | 249,422 |
Q1 2026 | GOOGL Alphabet Inc. | Alphabet Inc. | Sell | -383,959 | -18.4% | $490.19M | 1,704,639 |
Q1 2026 | INTU Intuit Inc. | Intuit Inc. | Buy | +123,448 | +20.2% | $317.24M | 733,699 |
Q1 2026 | KO Coca-Cola Company (The) | Coca-Cola Company (The) | Sell | -5,000 | -29.4% | $912.60K | 12,000 |
Q1 2026 | MANU Manchester United | Manchester United | Sell | -454,500 | -12.6% | $52.85M | 3,142,000 |
Q1 2026 | MDLZ Mondelez International, Inc. | Mondelez International, Inc. | Sell | -917,890 | -20.5% | $205.31M | 3,561,964 |
Q1 2026 | MSGS Madison Square Garden Sports Co | Madison Square Garden Sports Co | Sell | -500 | -15.2% | $899.92K | 2,800 |
Q1 2026 | NKE Nike, Inc. | Nike, Inc. | Buy | +400 | +2.0% | $1.10M | 20,800 |
Q1 2026 | PEP Pepsico, Inc. | Pepsico, Inc. | Sell | -524,786 | -29.1% | $198.33M | 1,277,185 |
Q1 2026 | PYPL PayPal Holdings, Inc. | PayPal Holdings, Inc. | Sell | -118,995 | -2.8% | $189.04M | 4,179,623 |
Q1 2026 | SPGI S&P Global Inc. | S&P Global Inc. | Buy | +500 | +7.4% | $3.10M | 7,300 |
Q1 2026 | TKO TKO Group Holdings, Inc. | TKO Group Holdings, Inc. | Sell | -370,736 | -13.1% | $493.94M | 2,449,468 |
Q1 2026 | TMO Thermo Fisher Scientific Inc | Thermo Fisher Scientific Inc | Sell | -72,292 | -10.5% | $303.38M | 617,211 |
Q1 2026 | TROW T. Rowe Price Group, Inc. | T. Rowe Price Group, Inc. | Sell - Position Exit | -12,000 | -100.0% | $0.00 | - |
Q1 2026 | V Visa Inc. | Visa Inc. | Buy | +300 | +3.0% | $3.11M | 10,300 |
Q1 2026 | VRSK Verisk Analytics, Inc. | Verisk Analytics, Inc. | Buy | +900 | +12.0% | $1.59M | 8,400 |
Q4 2025 | ADBE Adobe Inc. | Adobe Inc. | Buy | +800 | +17.8% | $1.85M | 5,300 |
Q4 2025 | AXP American Express Company | American Express Company | Sell | -400 | -3.9% | $3.63M | 9,800 |
Q4 2025 | CL Colgate-Palmolive Company | Colgate-Palmolive Company | Sell | -400 | -2.7% | $1.15M | 14,600 |
Q4 2025 | CP Canadian Pacific Kansas City Li | Canadian Pacific Kansas City Li | Buy | +1,500 | +5.3% | $2.21M | 30,000 |