Nick Train - Lindsell Train
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 Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
TKO - TKO Group Holdings, Inc. 15.75 Reduce 13.15% 2,449,468 $84.10 $493,935,222 $180.96 115.17% $149.96 $225.15
GOOGL - Alphabet Inc. 15.63 Reduce 18.38% 1,704,639 $182.22 $490,185,991 $352.51 93.46% $175.98 $408.37
INTU - Intuit Inc. 10.11 Add 20.23% 733,699 $184.97 $317,236,774 $289.76 56.65% $251.72 $804.66
DIS - The Walt Disney Co. 9.85 Reduce 7.91% 3,206,407 $102.49 $309,033,507 $96.00 -6.33% $91.49 $121.64
TMO - Thermo Fisher Scientific Inc. 9.67 Reduce 10.48% 617,211 $471.10 $303,377,723 $528.51 12.19% $401.89 $642.71
FICO - Fair Isaac Corp. 8.49 Add 15.16% 249,422 $534.96 $266,267,962 $1,278.25 138.95% $870.01 $1,998.01
MDLZ - Mondelez International, Inc. 6.55 Reduce 20.49% 3,561,964 $42.69 $205,311,605 $59.86 40.21% $50.34 $68.76
PEP - PepsiCo, Inc. 6.32 Reduce 29.12% 1,277,185 $119.75 $198,334,059 $138.49 15.65% $128.66 $168.19
PYPL - PayPal Holdings, Inc. 6.03 Reduce 2.77% 4,179,623 $69.87 $189,044,348 $47.65 -31.81% $38.22 $78.82
EBAY - eBay Inc. 5.59 Reduce 7.29% 1,927,485 $30.07 $175,439,685 $115.09 282.78% $74.82 $118.98
BF.A - Brown-Forman CL A 2.21 Reduce 5.74% 2,585,222 $37.71 $69,258,097 $26.67 -29.28% $22.81 $30.87
MANU - Manchester United plc 1.68 Reduce 12.64% 3,142,000 $18.91 $52,848,440 $22.31 17.97% $14.59 $24.22
BF.B - Brown-Forman CL B 1.33 Reduce 4.47% 1,576,049 $48.95 $41,670,736 $26.25 -46.37% $22.41 $31.11
V - Visa Inc. 0.10 Add 3.00% 10,300 $224.24 $3,113,072 $357.75 59.54% $293.28 $365.02
SPGI - S&P Global Inc. 0.10 Add 7.35% 7,300 $351.57 $3,104,982 $437.84 24.54% $359.36 $543.27
AXP - American Express Co. 0.09 Reduce 8.16% 9,000 $95.17 $2,722,320 $354.43 272.41% $285.29 $384.36
CP - Canadian Pacific Kansas City Ltd. 0.08 30,000 $72.90 $2,359,800 $91.35 25.31% $68.13 $91.56
EFX - Equifax Inc. 0.07 Add 4.55% 11,500 $180.65 $2,070,805 $172.61 -4.45% $150.75 $269.54
CME - CME Group Inc. 0.06 Reduce 6.76% 6,900 $170.81 $2,037,915 $245.10 43.49% $218.31 $319.82
ADBE - Adobe Inc. 0.05 Add 32.08% 7,000 $359.58 $1,701,560 $230.61 -35.87% $190.12 $376.16
VRSK - Verisk Analytics, Inc. 0.05 Add 12.00% 8,400 $184.68 $1,593,900 $193.73 4.90% $155.52 $303.69
ORCL - Oracle Corp. 0.04 9,000 $56.45 $1,323,990 $131.54 133.04% $131.35 $341.82
NKE - NIKE, Inc. 0.04 Add 1.96% 20,800 $96.28 $1,098,656 $43.76 -54.55% $40.00 $78.03
EL - The Estée Lauder Companies Inc. 0.03 Reduce 3.23% 15,000 $164.94 $1,076,550 $81.15 -50.80% $65.96 $120.79
KO - The Coca-Cola Co. 0.03 Reduce 29.41% 12,000 $44.69 $912,600 $84.25 88.51% $64.04 $85.68
MSGS - Madison Square Garden Sports Corp. 0.03 Reduce 15.15% 2,800 $146.97 $899,920 $386.11 162.71% $188.60 $411.73
CL - Colgate-Palmolive Co. 0.03 Reduce 31.51% 10,000 $73.74 $852,300 $93.21 26.40% $73.64 $98.72
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Communication Services 42.94
Technology 18.70
Consumer Defensive 16.49
Healthcare 9.67
Financial Services 6.38
Consumer Cyclical 5.63
Industrials 0.19