Michael Lindsell, Nick Train - Lindsell Train 13F Activity & Position Changes (Q1 2015)

According to the SEC 13F filed on Jul 15, 2026, the Lindsell Train portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2015. 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 2015, the filing reported:

New Buys - None reported

Increases - Brown Forman Inc, eBay Inc., Intuit Inc., Mondelez International, Inc.

Reductions - Walt Disney Company (The)

Complete Exits - None reported

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 2015	BF-A Brown Forman Inc	Brown Forman Inc	Buy	+64,500	+12.0%	$55.24K	601,218
Q1 2015	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-28,000	-1.9%	$149.41K	1,435,869
Q1 2015	EBAY eBay Inc.	eBay Inc.	Buy	+109,000	+3.3%	$199.20K	3,439,600
Q1 2015	INTU Intuit Inc.	Intuit Inc.	Buy	+53,000	+3.8%	$142.88K	1,463,500
Q1 2015	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+1,004,396	+14.6%	$291.10K	7,881,286