Michael Lindsell, Nick Train - Lindsell Train 13F Activity & Position Changes (Q4 2014)

As of Dec 31, 2014, 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 Q4 2014, the filing reported:

New Buys - None reported

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

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
Q4 2014	BF-A Brown Forman Inc	Brown Forman Inc	Buy	+50,500	+10.4%	$47.10K	536,718
Q4 2014	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+220,400	+17.7%	$137.88K	1,463,869
Q4 2014	EBAY eBay Inc.	eBay Inc.	Buy	+500,200	+17.7%	$186.91K	3,330,600
Q4 2014	INTU Intuit Inc.	Intuit Inc.	Buy	+239,500	+20.5%	$130.03K	1,410,500
Q4 2014	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+1,378,500	+25.1%	$249.80K	6,876,890