Michael Lindsell of Lindsell Train Reduces Top Holdings, Increases in INTU and FICO

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 analysis of their holdings reveals a dynamic quarter marked by both strategic reductions and new opportunities.

Among the most significant changes, Lindsell Train substantially decreased their position in TKO Group Holdings Inc (TKO). The fund sold over 0.3 million shares, representing a 13.15% reduction in the holding during the quarter. Similarly, the investment firm significantly reduced its stake in Alphabet Inc (GOOGL), also known as Google, by over 0.3 million shares, resulting in an 18.38% decrease in the position.

Conversely, the fund demonstrated strong confidence in certain sectors. They significantly increased their position in Intuit (INTU), adding over 0.1 million shares (a 20.23% increase). Their investment in Fair Isaac Corp (FICO) also saw substantial growth, with the fund acquiring an additional 0.03 million shares, boosting the position by 15.16%.

Elsewhere, the fund maintained or adjusted existing positions. Holdings like Therapeutic Research (TMO), Mondelez International (MDLZ), and PepsiCo (PEP) saw reductions, while PayPal Holdings (PYPL) and eBay (EBAY) experienced smaller decreases. No new positions were disclosed beyond those already present at the start of the quarter, and no fully exited positions were reported.

For more detailed insights into the Lindsell Train investment strategy, visit their profile at https://www.insiderset.com/investor/michael-lindsell-lindsell-train. Detailed analysis of individual holdings like TKO can be found at https://www.insiderset.com/investors/stocks/TKO.