LT
Lindsell Train Ltd 13F Holdings & Recent Stock Buys (Q2 2026)
Lindsell Train LtdCIK: 0001484150
ContrarianSector-focusedQuality / disciplined sizing
Total reported value
$2.6B
Reporting period: 2026-06-30 · Number of holdings: 28
Lindsell Train Ltd disclosed 28 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.6B and a quarterly turnover rate of 23.1%.
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Personality snowflake
- Concentration
- 41.15
- Portfolio Stability
- 23.05
- Momentum
- 0
- Sector conviction
- 83.49
- Diversification
- 56
- Sizing Uniformity
- 86.04
Lindsell Train Ltd's disclosed holdings carry a Herfindahl concentration index of 0.103 — mathematically equivalent to about 10 equally-sized positions, well below its 28 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.40), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim INTU
-9.1% -$143.2M
New buy KKR
Add GOOGL
-24.5% -$30.3M
Add FICO
-9.3% $4.0M
Trim PEP
-19.8% -$59.7M
Trim MDLZ
-28.0% -$56.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 17.49% | +1.86% | -24.51% | |
| 2 | TKO | Tko Group Holdings Inc | Stock-Comm Services | 16.07% | +0.32% | -14.31% | |
| 3 | FICO | Fair Isaac CORP | Stock-Tech | 10.28% | +1.79% | -9.32% | |
| 4 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 9.81% | +0.14% | -16.64% | |
| 5 | DIS | Walt Disney Co/the | Stock-Comm Services | 9.55% | -0.30% | -18.67% | |
| 6 | INTU | Intuit Inc | Stock-Tech | 6.62% | -3.49% | -9.11% | |
| 7 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 5.64% | -0.91% | -27.98% | |
| 8 | PEP | Pepsico Inc | Stock-Consumer Staples | 5.27% | -1.05% | -19.85% | |
| 9 | PYPL | Paypal Holdings Inc | Stock-Financials | 5.19% | -0.83% | -24.33% | |
| 10 | EBAY | Ebay Inc | Stock-Consumer Disc | 4.74% | -0.85% | -42.10% | |
| 11 | MANU | Manchester United plc | Stock-Other | 2.41% | +0.73% | -12.21% | |
| 12 | KKR | Kkr & Co Inc | Stock-Financials | 2.33% | +2.33% | NEW | |
| 13 | BF-A | Brown-forman Corp-class A | Stock-Other | 2.22% | +0.01% | -17.42% | |
| 14 | BF-B | Brown-forman Corp-class B | Stock-Other | 1.40% | +0.07% | -12.48% | |
| 15 | V | Visa Inc-class A Shares | Stock-Financials | 0.14% | +0.04% | +1.94% | |
| 16 | SPGI | S&p Global Inc | Stock-Financials | 0.11% | +0.01% | +1.37% | |
| 17 | CP | Canadian Pacific Kansas City | Stock-Industrials | 0.10% | +0.02% | — | |
| 18 | AXP | American Express Co | Stock-Financials | 0.10% | +0.01% | -15.56% | |
| 19 | EFX | Equifax Inc | Stock-Industrials | 0.07% | — | +2.61% | |
| 20 | VRSK | Verisk Analytics Inc | Stock-Industrials | 0.06% | +0.01% | +13.10% | |
| 21 | CME | Cme Group Inc | Stock-Financials | 0.06% | — | — | |
| 22 | ADBE | Adobe Inc | Stock-Tech | 0.05% | — | — | |
| 23 | WMG | Warner Music Group Corp-cl A | Stock-Other | 0.05% | +0.05% | NEW | |
| 24 | ORCL | Oracle CORP | Stock-Tech | 0.05% | +0.01% | — | |
| 25 | EL | Estee Lauder Companies-cl A | Stock-Consumer Staples | 0.05% | +0.01% | — | |
| 26 | MSGS | Madison Square Garden Sports | Stock-Comm Services | 0.04% | +0.01% | — | |
| 27 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.04% | +0.01% | — | |
| 28 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.03% | -0.01% | +0.96% |
Portfolio Performance
Performance for Q3 2026
+1.5%
Performance Last 4 Quarters
+1.8%
- Stdev
- +14.2%
- Beta
- +0.87
- Alpha
- -5.1%
- Max Drawdown
- -11.8%
- Annualized Perf
- +11.9%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.63
- Stutzer
- +0.26
- Treynor
- +0.14
- Sterling
- +0.67
- Calmar
- +1.01
- Information Ratio
- -0.87
- Tracking Error
- +8.8%
- Stdev Down
- +7.5%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +37.4%
- Worst 12 Months
- -5.8%
- Efficiency Ratio
- +0.35
- Sharpe
- +0.86
- Stdev Sectors
- +13.9%
- Skewness
- +0.47
- Kurtosis
- +0.66
- Upside Potential
- +3.38
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 28 | $2.6B | 23 | ||
| 2026 Q1 | 27 | $3.1B | 23 | ||
| 2025 Q4 | 28 | $3.9B | 11 | ||
| 2025 Q3 | 28 | $4.1B | 27 | ||
| 2025 Q2 | 29 | $4.2B | 0 | ||
| 2025 Q1 | 29 | $3.6B | 100 | ||
| 2024 Q4 | 28 | $4.0B | 0 | ||
| 2024 Q3 | 29 | $4.4B | 0 | ||
| 2024 Q2 | 29 | $4.3B | 0 | ||
| 2024 Q1 | 30 | $4.8B | 0 | ||
| 2023 Q4 | 30 | $5.2B | 0 | ||
| 2023 Q3 | 30 | $5.0B | 0 | ||
| 2023 Q2 | 29 | $5.6B | 0 | ||
| 2023 Q1 | 29 | $5.7B | 0 | ||
| 2022 Q4 | 29 | $5.3B | 0 | ||
| 2022 Q3 | 29 | $4.9B | 0 | ||
| 2022 Q2 | 29 | $5.1B | 0 | ||
| 2022 Q1 | 29 | $6.3B | 0 | ||
| 2021 Q4 | 28 | $6.9B | 0 | ||
| 2021 Q3 | 27 | $7.2B | 0 | ||
| 2021 Q2 | 27 | $7.7B | 96 | ||
| 2021 Q1 | 27 | $7.1B | 6 | ||
| 2020 Q4 | 27 | $6.9B | 12 | ||
| 2020 Q3 | 27 | $6.2B | 5 | ||
| 2020 Q2 | 27 | $6.0B | 25 | ||
| 2020 Q1 | 10 | $4.7B | 28 | ||
| 2019 Q4 | 10 | $6.2B | 7 | ||
| 2019 Q3 | 11 | $5.9B | 3 | ||
| 2019 Q2 | 11 | $5.9B | 13 | ||
| 2019 Q1 | 11 | $5.2B | 22 | ||
| 2018 Q4 | 11 | $4.1B | 7 | ||
| 2018 Q3 | 12 | $4.4B | 24 | ||
| 2018 Q2 | 12 | $4.0B | 12 | ||
| 2018 Q1 | 13 | $3.8B | 11 | ||
| 2017 Q4 | 12 | $3.5B | 16 | ||
| 2017 Q3 | 12 | $3.0B | 19 | ||
| 2017 Q2 | 11 | $2.6B | 14 | ||
| 2017 Q1 | 11 | $2.3B | 12 | ||
| 2016 Q4 | 11 | $2.0B | 2 | ||
| 2016 Q3 | 11 | $2.0B | 12 | ||
| 2016 Q2 | 11 | $1.8B | 8 | ||
| 2016 Q1 | 11 | $1.7B | 6 | ||
| 2015 Q4 | 11 | $1.7B | 13 | ||
| 2015 Q3 | 11 | $1.5B | 34 | ||
| 2015 Q2 | 10 | $1.4B | 19 | ||
| 2015 Q1 | 10 | $1.2B | 12 | ||
| 2014 Q4 | 10 | $1.1B | 20 | ||
| 2014 Q3 | 10 | $880.7M | 8 | ||
| 2014 Q2 | 10 | $840.8M | 17 | ||
| 2014 Q1 | 10 | $749.8M | 19 | ||
| 2013 Q4 | 10 | $623.0M | 22 | ||
| 2013 Q3 | 10 | $500.7M | 13 | ||
| 2013 Q2 | 10 | $440.4M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Lindsell Train Ltd's most significant position changes for 2026-06-30: New buy: Kkr & Co Inc (KKR); New buy: Warner Music Group Corp-cl A (WMG); Sold out: Colgate-palmolive Co (CL); Trim: Intuit Inc (INTU) — shares -9.11%; Trim: Alphabet Inc-cl A (GOOGL) — shares -24.51%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KKR | Kkr & Co Inc | +2.3% | NEW | New buy |
| 2 | GOOGL | Alphabet Inc-cl A | +1.9% | -24.51% | Trim |
| 3 | FICO | Fair Isaac CORP | +1.8% | -9.32% | Trim |
| 4 | MANU | Manchester United plc | +0.7% | -12.21% | Trim |
| 5 | TKO | Tko Group Holdings Inc | +0.3% | -14.31% | Trim |
| 6 | TMO | Thermo Fisher Scientific Inc | +0.1% | -16.64% | Trim |
| 7 | BF-B | Brown-forman Corp-class B | +0.1% | -12.48% | Trim |
| 8 | WMG | Warner Music Group Corp-cl A | +0.1% | NEW | New buy |
| 9 | V | Visa Inc-class A Shares | 0% | +1.94% | Add |
| 10 | CP | Canadian Pacific Kansas City | 0% | — | Unchanged |
| 11 | BF-A | Brown-forman Corp-class A | 0% | -17.42% | Trim |
| 12 | MSGS | Madison Square Garden Sports | 0% | — | Unchanged |
| 13 | AXP | American Express Co | 0% | -15.56% | Trim |
| 14 | VRSK | Verisk Analytics Inc | 0% | +13.10% | Add |
| 15 | EL | Estee Lauder Companies-cl A | 0% | — | Unchanged |
| 16 | SPGI | S&p Global Inc | 0% | +1.37% | Add |
| 17 | KO | Coca-cola Co/the | 0% | — | Unchanged |
| 18 | ORCL | Oracle CORP | 0% | — | Unchanged |
| 19 | CME | Cme Group Inc | — | — | Unchanged |
| 20 | ADBE | Adobe Inc | — | — | Unchanged |
| 21 | EFX | Equifax Inc | — | +2.61% | Add |
| 22 | NKE | Nike Inc -cl B | 0% | +0.96% | Add |
| 23 | CL | Colgate-palmolive Co | 0% | EXIT | Sold out |
| 24 | DIS | Walt Disney Co/the | -0.3% | -18.67% | Trim |
| 25 | PYPL | Paypal Holdings Inc | -0.8% | -24.33% | Trim |
| 26 | EBAY | Ebay Inc | -0.9% | -42.10% | Trim |
| 27 | MDLZ | Mondelez International Inc-a | -0.9% | -27.98% | Trim |
| 28 | PEP | Pepsico Inc | -1.1% | -19.85% | Trim |
| 29 | INTU | Intuit Inc | -3.5% | -9.11% | Trim |
Filing History
FAQ
What is Lindsell Train Ltd and what type of investor is it?
Lindsell Train Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.6B, spread across 28 disclosed positions.
What are Lindsell Train Ltd's largest equity positions?
Based on the latest 13F filing, Lindsell Train Ltd's top holdings by market value are:
1. Alphabet Inc-cl A (GOOGL) — $459.9M (17.5%)
2. Tko Group Holdings Inc (TKO) — $422.5M (16.1%)
3. Fair Isaac CORP (FICO) — $270.2M (10.3%)
4. Thermo Fisher Scientific Inc (TMO) — $258.0M (9.8%)
5. Walt Disney Co/the (DIS) — $251.0M (9.6%)
What changes did Lindsell Train Ltd make in its most recent portfolio filing?
In the latest reported quarter, Lindsell Train Ltd made 22 notable position adjustments: 2 new positions were initiated, 5 existing holdings were added to, 14 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Kkr & Co Inc (KKR); New buy: Warner Music Group Corp-cl A (WMG); Sold out: Colgate-palmolive Co (CL); Trim: Intuit Inc (INTU) — shares -9.11%; Trim: Alphabet Inc-cl A (GOOGL) — shares -24.51%
What sectors does Lindsell Train Ltd focus on?
Lindsell Train Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 46.0%
• Information Technology: 18.1%
• Consumer Staples: 11.7%
• Health Care: 10.4%
• Financials: 8.4%
• Consumer Discretionary: 5.1%
Investment Profile
Lindsell Train Ltd returned an annualized 11.9% over the trailing 36 months — underperforming the S&P 500 by 5.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.87 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 46.0% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 23 over the past 4 quarters — a shift toward more active trading.
It has added to its CP position over the past two quarters (+$390.6K, now $2.6M), while trimming INTU over the same stretch (-$230.2M, still holding $174.1M).
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Developer Access
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