Michael Lindsell, Nick Train - Lindsell Train 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 09, 2023, the Lindsell Train portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2023. 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 Q3 2023, the filing reported:

New Buys - Kenvue Inc., TKO Group Holdings, Inc.

Increases - None reported

Reductions - Walt Disney Company (The), eBay Inc., Fair Isaac Corporation, Intuit Inc., Johnson & Johnson, and 3 more

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
Q3 2023	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-48,000	-0.9%	$452.80M	5,585,690
Q3 2023	EBAY eBay Inc.	eBay Inc.	Sell	-695,000	-10.1%	$272.33M	6,175,871
Q3 2023	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell	-89,207	-11.1%	$618.07M	711,790
Q3 2023	INTU Intuit Inc.	Intuit Inc.	Sell	-159,891	-11.6%	$620.51M	1,214,161
Q3 2023	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-1,835	-23.2%	$944.90K	6,065
Q3 2023	KVUE Kenvue Inc.	Kenvue Inc.	Buy - Position Entry	+14,739	-	$296.03K	14,739
Q3 2023	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Sell	-761,000	-4.2%	$1.22B	17,506,898
Q3 2023	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-76,000	-2.2%	$562.93M	3,322,210
Q3 2023	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Sell	-75,000	-1.4%	$310.70M	5,314,302
Q3 2023	TKO TKO Group Holdings, Inc.	TKO Group Holdings, Inc.	Buy - Position Entry	+5,897,133	-	$495.95M	5,897,133