Michael Lindsell, Nick Train - Lindsell Train 13F Activity & Position Changes (Q4 2025)
According to the SEC 13F filed on Feb 11, 2026, the Lindsell Train portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2025. 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 2025, the filing reported:
New Buys - None reported
Reductions - American Express Company, Colgate-Palmolive Company, Walt Disney Company (The), eBay Inc., Fair Isaac Corporation, and 9 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 | Type | Change Qty |
|---|---|---|---|
|
Q4 2025
|
ADBE
Adobe Inc.
|
Buy |
+800
|
|
Q4 2025
|
AXP
American Express Company
|
Sell |
-400
|
|
Q4 2025
|
CL
Colgate-Palmolive Company
|
Sell |
-400
|
|
Q4 2025
|
CP
Canadian Pacific Kansas City Li
|
Buy |
+1,500
|
|
Q4 2025
|
DIS
Walt Disney Company (The)
|
Sell |
-244,000
|
|
Q4 2025
|
EBAY
eBay Inc.
|
Sell |
-376,000
|
|
Q4 2025
|
EFX
Equifax, Inc.
|
Buy |
+500
|
|
Q4 2025
|
FICO
Fair Isaac Corporation
|
Sell |
-6,362
|
|
Q4 2025
|
GOOGL
Alphabet Inc.
|
Sell |
-145,500
|
|
Q4 2025
|
INTU
Intuit Inc.
|
Sell |
-1,559
|
|
Q4 2025
|
KO
Coca-Cola Company (The)
|
Sell |
-1,500
|
|
Q4 2025
|
MANU
Manchester United
|
Sell |
-780,000
|
|
Q4 2025
|
MDLZ
Mondelez International, Inc.
|
Sell |
-548,933
|
|
Q4 2025
|
PEP
Pepsico, Inc.
|
Sell |
-399,700
|
|
Q4 2025
|
PYPL
PayPal Holdings, Inc.
|
Sell |
-185,000
|
|
Q4 2025
|
SPGI
S&P Global Inc.
|
Buy |
+300
|
|
Q4 2025
|
TKO
TKO Group Holdings, Inc.
|
Sell |
-134,500
|
|
Q4 2025
|
TMO
Thermo Fisher Scientific Inc
|
Sell |
-128,026
|