Michael Lindsell Portfolio Concentration Analysis: Top Holdings & Sectors as of March 31, 2026
Analysis of Michael Lindsell's portfolio concentration as of March 31, 2026, highlighting top holdings in Communication Services, Technology, and Consumer Defensive sectors.
Michael Lindsell and Nick Train's investment portfolio, valued at approximately $3.14 billion as of March 31, 2026, shows significant concentration in specific sectors and holdings. The portfolio is dominated by large-cap technology and consumer-focused companies, reflecting a concentrated approach to investing.
The largest position is in TKO Group Holdings Inc (TKO), representing 15.75% of the portfolio with a value of $493.9 million. This is followed by Alphabet Inc (GOOGL) at 15.63% ($490.2 million) and The Walt Disney Company (DIS) at 9.85% ($309.0 million). These three holdings alone account for nearly 41% of the total portfolio value, highlighting a significant concentration in the Communication Services sector.
Thermo Fisher Scientific Inc (TMO) and Intuit Inc (INTU) round out the top five holdings, representing 9.67% and 10.11% of the portfolio respectively. TMO is positioned in the Healthcare sector, while INTU belongs to the Technology sector. This indicates diversification across sectors, though still heavily weighted towards large-cap stocks.
Consumer Defensive stocks also feature prominently in the portfolio. Mondelēz International Inc (MDLZ) holds a 6.55% allocation, while PepsiCo Inc (PEP) accounts for 6.32%. These consumer staples positions suggest exposure to essential goods, though the portfolio's largest allocations remain in technology and media.
Notable changes in shareholding include a decrease in shares of TKO (-13.15%) and GOOGL (-18.38%) during the prior period. Conversely, shares of INTU increased by 20.23%, indicating a growing stake in the software company. Fair Isaac Corp (FICO) also saw an increase of 15.16% in holdings.
The portfolio demonstrates significant concentration in specific sectors and holdings, with Technology and Communication Services forming the core of the investment strategy. Further analysis would be needed to fully understand the rationale behind these specific holdings.