Michael Lindsell, Nick Train - Lindsell Train 13F Activity & Position Changes (Q2 2015)

As of Jun 30, 2015, 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 Q2 2015, the filing reported:

New Buys - Pepsico, Inc.

Increases - Brown Forman Inc, Walt Disney Company (The), eBay Inc., Intuit Inc., Mondelez International, Inc.

Reductions - None reported

Complete Exits - The Hershey Company

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
Q2 2015	BF-A Brown Forman Inc	Brown Forman Inc	Buy	+11,000	+1.8%	$68.21K	612,218
Q2 2015	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+34,000	+2.4%	$167.77K	1,469,869
Q2 2015	EBAY eBay Inc.	eBay Inc.	Buy	+267,000	+7.8%	$223.29K	3,706,600
Q2 2015	HSY The Hershey Company	The Hershey Company	Sell - Position Exit	-59,750	-100.0%	$0.00	-
Q2 2015	INTU Intuit Inc.	Intuit Inc.	Buy	+110,000	+7.5%	$158.56K	1,573,500
Q2 2015	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+820,500	+10.4%	$357.99K	8,701,786
Q2 2015	PEP Pepsico, Inc.	Pepsico, Inc.	Buy - Position Entry	+900,000	-	$84.01K	900,000