Michael Lindsell, Nick Train - Lindsell Train Portfolio Balances (Dec 31, 2025)

As of Dec 31, 2025, the Lindsell Train portfolio balances reported a total equity value of $3.94B across 28 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Feb 11, 2026, providing an updated snapshot of assets under management.

The portfolio balances highlight ALPHABET INC (GOOGL) as the single largest position, accounting for 16.6% of total equity value, followed by TKO GROUP HOLDINGS INC (TKO), INTUIT (INTU), THERMO FISHER SCIENTIFIC INC (TMO), and others. Collectively, the top five holdings represent 62.0% of the portfolio, showing how capital is distributed among core positions and long-term investments.