# Lindsell Train Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1484150. Source: https://holderbook.com/funds/1484150-lindsell-train-ltd/

- Reported value: $2.6B
- Positions: 28
- Weight of the ten largest: 90.7%
- Filed: 2026-07-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $459.9M | 1,286,845 | 17.5% | 6 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $422.5M | 2,098,862 | 16.1% | 12 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $270.2M | 226,186 | 10.3% | 18 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $258.0M | 514,512 | 9.8% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $251.0M | 2,607,846 | 9.5% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $174.1M | 666,883 | 6.6% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $148.4M | 2,565,453 | 5.6% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $138.6M | 1,023,706 | 5.3% | 31 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $136.6M | 3,162,672 | 5.2% | 31 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $124.7M | 1,116,001 | 4.7% | 31 |
| MANCHESTER UTD PLC NEW | [MANU](https://holderbook.com/stocks/MANU/) | $63.3M | 2,758,446 | 2.4% | 31 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $61.3M | 667,780 | 2.3% | 1 |
| BROWN FORMAN CORP | [BFA](https://holderbook.com/stocks/BFA/) | $58.4M | 2,134,789 | 2.2% | 31 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $36.8M | 1,379,324 | 1.4% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.6M | 10,500 | 0.1% | 25 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $3.0M | 7,400 | 0.1% | 25 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $2.6M | 30,000 | 0.1% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.6M | 7,600 | 0.1% | 25 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $1.9M | 11,800 | 0.1% | 25 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.7M | 9,500 | 0.1% | 25 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $1.5M | 6,900 | 0.1% | 25 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.4M | 7,000 | 0.1% | 25 |
| WARNER MUSIC GROUP CORP | [WMG](https://holderbook.com/stocks/WMG/) | $1.4M | 50,000 | 0.1% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.3M | 9,000 | 0.1% | 25 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $1.2M | 15,000 | 0.0% | 25 |
| MADISON SQUARE GRDN SPRT COR | [MSGS](https://holderbook.com/stocks/MSGS/) | $1.1M | 2,800 | 0.0% | 25 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $975.2K | 12,000 | 0.0% | 25 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $862.0K | 21,000 | 0.0% | 25 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +1.8% | +14.8% | -13.0% | 100% |
| Q1 2026 | -12.1% | -4.6% | -7.5% | 100% |
| Q4 2025 | +4.8% | +2.4% | +2.5% | 100% |
| Q3 2025 | +2.0% | +7.8% | -5.8% | 100% |
| Q2 2025 | +8.3% | +10.5% | -2.2% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.5% | 100% |
| Q4 2024 | -0.6% | +2.1% | -2.7% | 100% |
| Q3 2024 | +11.6% | +5.4% | +6.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.6B | 28 |
| Q1 2026 | $3.1B | 27 |
| Q4 2025 | $3.9B | 28 |
| Q3 2025 | $4.1B | 28 |
| Q2 2025 | $4.2B | 29 |
| Q1 2025 | $3.6B | 29 |
| Q4 2024 | $4.0B | 28 |
| Q3 2024 | $4.4B | 29 |
| Q2 2024 | $4.3B | 29 |
| Q1 2024 | $4.8B | 29 |
| Q4 2023 | $5.2B | 30 |
| Q3 2023 | $5.0B | 30 |