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

As of Sep 30, 2023, the Lindsell Train portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 09, 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