Michael Lindsell of Lindsell Train Reduced Top Holdings, Increased Positions in INTU and FICO in Q1 2026

Michael Lindsell and Nick Train, managing the Lindsell Train investment strategy, saw their portfolio valued at $3.14 billion as of March 31, 2026. The firm's holdings experienced notable shifts during the quarter, with adjustments across various sectors.

Notably, the largest holding, TKO (Ticketmaster), saw a significant reduction. Lindsell Train decreased its stake by 13.15%, reducing the share count by 370,736 shares. Similarly, the second-largest holding, GOOGL (Alphabet), also experienced a substantial decline, with an 18.38% reduction in shares (-383,959 shares). These reductions reflect a strategic shift away from these major technology players.

Conversely, the investor showed strong confidence in certain sectors. In Technology, they increased their position in INTU (Intuit) by 20.23% (123,448 additional shares). They also boosted their stake in FICO (Fair Isaac), increasing it by 15.16% (32,829 additional shares). These additions suggest a focus on software and data services.

Within the Communication Services sector, besides the reduced holdings in TKO and GOOGL, the investor also decreased their position in DIS (Disney) by 7.91% (-275,423 shares) and TMO (Thermo Fisher Scientific) by 10.48% (-72,292 shares).

In the Consumer Defensive space, both MDLZ (Mondelez International) and PEP (PepsiCo) saw significant reductions, with decreases of 20.49% and 29.12% respectively. However, in the Financial Services sector, PYPL (PayPal) experienced a modest decrease of 2.77% (-118,995 shares), while in Consumer Cyclical, EBAY (eBay) decreased by 7.29% (-151,594 shares).

For a comprehensive view of Lindsell Train's investment strategy and performance, visit their profile at https://www.insiderset.com/investor/michael-lindsell-lindsell-train. Detailed information on individual holdings like TKO, INTU, and FICO can be explored on Insiderset.