Michael Lindsell, Nick Train - Lindsell Train Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 29 | |
| Portfolio Value | $3.61B |
Lindsell Train Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 2.8 years | Style | Average duration positions are maintained |
| Position Count | 28 | Style | Number of active positions in portfolio |
| Position Size | 5.6% | Risk | Typical allocation per position |
| Win Rate | 52.5% | Performance | Percentage of profitable positions |
| Average Return | 873.9% | Performance | Mean return across positions |
| Sharpe Ratio | 0.10 | Performance | Return per unit of risk taken |
Investment Case Study: TKO GROUP HOLDINGS INC (TKO)
9/30/2023 - 8/4/2025
Performance Metrics
Total Return: 5.81%
Holding Period: 674 days
Max Position Size: $559,361,569.00
Position Weight: 11.67%
Key Events
9/30/2023: ENTRY(5,897,133.00 shares) @ $84.10
12/31/2023: DECREASE(-12,000.00 shares) @ $81.56
3/31/2024: DECREASE(-375,616.00 shares) @ $86.41
6/30/2024: DECREASE(-436,715.00 shares) @ $107.09
9/30/2024: DECREASE(-551,247.00 shares) @ $123.71
12/31/2024: DECREASE(-888,188.00 shares) @ $142.11
3/31/2025: DECREASE(-238,990.00 shares) @ $152.81
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure