Michael Lindsell, Nick Train - Lindsell Train 13F Activity & Position Changes (Q2 2016)

According to the SEC 13F filed on Jul 15, 2026, the Lindsell Train portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2016. 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 2016, the filing reported:

New Buys - None reported

Increases - Walt Disney Company (The), eBay Inc., Intuit Inc., Mondelez International, Inc., Pepsico, Inc., and 1 more

Reductions - None reported

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
Q2 2016	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+57,541	+3.2%	$182.67K	1,867,410
Q2 2016	EBAY eBay Inc.	eBay Inc.	Buy	+380,000	+10.4%	$94.75K	4,047,200
Q2 2016	INTU Intuit Inc.	Intuit Inc.	Buy	+35,000	+1.9%	$209.63K	1,878,200
Q2 2016	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+50,791	+0.5%	$468.81K	10,301,310
Q2 2016	PEP Pepsico, Inc.	Pepsico, Inc.	Buy	+120,000	+10.3%	$136.73K	1,290,650
Q2 2016	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy	+329,783	+6.5%	$196.19K	5,373,483