Nick Train - Lindsell Train Ltd
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    27
Portfolio value:    $3,136,812,519
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Reported
Price*
Value Current
Price
+/-
Reported
Price
52
Week
Low
52
Week
High
TKO - TKO Group Holdings Inc. 15.75 Reduce 13.15% 2,449,468 $201.65 $493,935,222 $203.49 0.91% $152.29 $226.94
GOOGL - Alphabet Inc. 15.63 Reduce 18.38% 1,704,639 $287.56 $490,185,991 $368.53 28.16% $162.00 $408.61
INTU - Intuit Inc. 10.11 Add 20.23% 733,699 $432.38 $317,236,774 $296.76 -31.37% $293.67 $813.70
DIS - Walt Disney Co. 9.85 Reduce 7.91% 3,206,407 $96.38 $309,033,507 $99.71 3.46% $92.19 $124.69
TMO - Thermo Fisher Scientific 9.67 Reduce 10.48% 617,211 $491.53 $303,377,723 $472.80 -3.81% $385.46 $643.99
FICO - Fair Isaac Corp. 8.49 Add 15.16% 249,422 $1,067.54 $266,267,962 $1,137.33 6.54% $870.01 $1,998.01
MDLZ - Mondelez International 6.55 Reduce 20.49% 3,561,964 $57.64 $205,311,605 $62.04 7.63% $51.20 $71.15
PEP - PepsiCo Inc. 6.32 Reduce 29.12% 1,277,185 $155.29 $198,334,059 $141.92 -8.61% $127.60 $171.48
PYPL - PayPal Holdings Inc. 6.03 Reduce 2.77% 4,179,623 $45.23 $189,044,348 $41.29 -8.71% $38.46 $79.50
EBAY - eBay Inc. 5.59 Reduce 7.29% 1,927,485 $91.02 $175,439,685 $109.35 20.14% $72.84 $119.31
BF.A - Brown-Forman Corp. CL A 2.21 Reduce 5.74% 2,585,222 $26.79 $69,258,097
MANU - Manchester United plc 1.68 Reduce 12.64% 3,142,000 $16.82 $52,848,440 $21.95 30.50% $13.80 $22.94
BF.B - Brown-Forman Corp. 1.33 Reduce 4.47% 1,576,049 $26.44 $41,670,736
V - Visa Inc. 0.10 Add 3.00% 10,300 $302.24 $3,113,072 $323.57 7.06% $293.89 $375.51
SPGI - S&P Global Inc. 0.10 Add 7.35% 7,300 $425.34 $3,104,982 $424.44 -0.21% $381.61 $579.05
AXP - American Express 0.09 Reduce 8.16% 9,000 $302.48 $2,722,320 $310.66 2.70% $286.15 $387.49
CP - Canadian Pacific Kansas City Ltd. 0.08 30,000 $78.66 $2,359,800 $89.93 14.33% $68.42 $91.50
EFX - Equifax Inc. 0.07 Add 4.55% 11,500 $180.07 $2,070,805 $172.13 -4.41% $156.47 $275.91
CME - CME Group 0.06 Reduce 6.76% 6,900 $295.35 $2,037,915 $257.40 -12.85% $244.56 $329.16
ADBE - Adobe Inc. 0.05 Add 32.08% 7,000 $243.08 $1,701,560 $251.44 3.44% $224.13 $421.48
VRSK - Verisk Analytics Inc. 0.05 Add 12.00% 8,400 $189.75 $1,593,900 $181.73 -4.23% $155.94 $322.92
ORCL - Oracle Corp. 0.04 9,000 $147.11 $1,323,990 $213.68 45.25% $134.57 $345.72
NKE - NIKE Inc. 0.04 Add 1.96% 20,800 $52.82 $1,098,656 $42.98 -18.63% $41.35 $80.17
EL - Estee Lauder Cos. 0.03 Reduce 3.23% 15,000 $71.77 $1,076,550 $83.49 16.33% $66.22 $121.64
KO - Coca Cola Co. 0.03 Reduce 29.41% 12,000 $76.05 $912,600 $79.48 4.51% $65.35 $82.66
MSGS - Madison Square Garden Sports Corp. 0.03 Reduce 15.15% 2,800 $321.40 $899,920 $386.23 20.17% $186.00 $389.92
CL - Colgate-Palmolive 0.03 Reduce 31.51% 10,000 $85.23 $852,300 $88.58 3.93% $74.55 $99.33
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Communication Services 42.94
Technology 18.70
Consumer Defensive 12.96
Healthcare 9.67
Financial Services 6.38
Consumer Cyclical 5.63
Unknown 3.54
Industrials 0.19