Lindsell Train portfolio
Investment firm, London · 13F holdings for the quarter ended June 30, 2026
Filed with the SEC July 15, 2026 · Next filing due by November 14, 2026
Reported value
$2.6B
down from $3.1B in Q1 2026
Positions
28
27 last quarter
Top 10 holdings
90.7%
of the portfolio
This quarter
2 new · 1 sold
5 added to, 14 trimmed
What Lindsell Train did in Q2 2026
Lindsell Train opened new positions in KKR and Warner Music Group. It sold out of Colgate Palmolive. Alphabet is now the largest holding, at 17.5% of the portfolio.
Biggest buys
- KKR KKRNew
- Warner Music Group WMGNew
- Verisk Analytics VRSK+13%
- Equifax EFX+3%
- Visa V+2%
Biggest sells
- Colgate Palmolive CLSold out
- Ebay EBAY−42%
- Mondelez International MDLZ−28%
- Alphabet GOOGL−25%
- PayPal Holdings PYPL−24%
Top 15 holdings
Values as reported in the 13F, not today’s prices| # | Company | Share of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|
| 1 | AlphabetGOOGL | 17.5% | $459.9M | −25% | Q1 2025 |
| 2 | TKO Group HoldingsTKO | 16.1% | $422.5M | −14% | Q3 2024 or earlier |
| 3 | Fair IsaacFICO | 10.3% | $270.2M | −9% | Q3 2024 or earlier |
| 4 | Thermo Fisher ScientificTMO | 9.8% | $258.0M | −17% | Q4 2024 |
| 5 | Walt DisneyDIS | 9.5% | $251.0M | −19% | Q3 2024 or earlier |
| 6 | IntuitINTU | 6.6% | $174.1M | −9% | Q3 2024 or earlier |
| 7 | Mondelez InternationalMDLZ | 5.6% | $148.4M | −28% | Q3 2024 or earlier |
| 8 | PepsicoPEP | 5.3% | $138.6M | −20% | Q3 2024 or earlier |
| 9 | PayPal HoldingsPYPL | 5.2% | $136.6M | −24% | Q3 2024 or earlier |
| 10 | EbayEBAY | 4.7% | $124.7M | −42% | Q3 2024 or earlier |
| 11 | Manchester UnitedMANU | 2.4% | $63.3M | −12% | Q3 2024 or earlier |
| 12 | KKRKKR | 2.3% | $61.3M | New | Q2 2026 |
| 13 | Brown FormanBF-A | 2.2% | $58.4M | −17% | Q3 2024 or earlier |
| 14 | Brown FormanBF-B | 1.4% | $36.8M | −12% | Q3 2024 or earlier |
| 15 | VisaV | 0.1% | $3.6M | +2% | Q3 2024 or earlier |
13 more positions, plus every quarter’s holdings going back years.Request early access to see the full portfolio →
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Other value investors
- Lone Pine Capital
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- Muhlenkamp & Company
- Oaktree Capital · Howard Marks
- Pershing Square · Bill Ackman
About this data
- What is a 13F?
- A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- How current is it?
- Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- Whose figures are these?
- The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- What does it leave out?
- Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.