Michael Lindsell and Nick Train Portfolio Concentration Analysis
Michael Lindsell and Nick Train's portfolio, as of September 30, 2026, shows significant concentration in top holdings like Alphabet Inc (GOOGL) and TKO Group Holdings Inc (TKO), primarily within the Communication Services and Technology sectors.
Michael Lindsell and Nick Train, managing the investment firm Lindsell Train, have a portfolio worth approximately $2.36 billion as of September 30, 2026.
According to the latest data, their largest individual positions are heavily concentrated in specific sectors. The top five holdings by weight account for a substantial 61.25% of the total portfolio value, highlighting a significant level of concentration in these key stocks.
The following table details the top holdings by weight:
- Alphabet Inc (GOOGL) - Communication Services - Portfolio Allocation: 16.44%
- TKO Group Holdings Inc (TKO) - Communication Services - Portfolio Allocation: 14.79%
- Thermo Fisher Scientific Inc (TMO) - Healthcare - Portfolio Allocation: 12.44%
- Disney Walt Co (DIS) - Communication Services - Portfolio Allocation: 10.24%
- Intuit Inc (INTU) - Technology - Portfolio Allocation: 7.34%
These major positions underscore the firm's focus on large-cap technology and media companies. The portfolio's sector allocation further emphasizes this concentration:
The portfolio is dominated by investments in the Communication Services sector, which holds a significant 43.81% allocation. This is followed closely by Consumer Defensive at 15.08%, Technology at 12.82%, Healthcare at 12.44%, and Financial Services at 10.84%. Other sectors like Consumer Cyclical (4.77%) and Industrials (0.24%) represent smaller portions of the overall investment.
The concentration in Communication Services is particularly notable, as it includes some of the largest holdings like Alphabet Inc (GOOGL) and TKO Group Holdings Inc (TKO). The Technology sector, encompassing companies like Thermo Fisher Scientific Inc (TMO) and Intuit Inc (INTU), also shows a high level of allocation. Healthcare and Financial Services maintain significant but slightly lower allocations, while Consumer Defensive includes several prominent consumer goods companies.
Michael Lindsell and Nick Train's investment approach, reflected in their portfolio holdings, appears to favor established large-cap companies across key growth and defensive sectors. Their portfolio's structure, with a heavy emphasis on these specific areas, defines their current investment stance.