Michael Lindsell, Nick Train - Lindsell Train 13F Activity & Position Changes (Q4 2025)
As of Dec 31, 2025, the Lindsell Train portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 11, 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 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
|