Lindsell Train Ltd

London, X0 · CIK 1484150 · 13F filing filed 2026-07-15

SEC-registered investment adviser since 2011 · corporation

Assets managed$9.3bn
Staff30 · 6 in investment roles
Main clients (by assets)Private funds 94%, Pension plans 6%
Private funds2 · $305.1m gross assets
Websitelindselltrain.com
Form ADV · 2026-04-27SEC adviser record

Legal entityLINDSELL TRAIN LIMITED (GB)

$2.6bn reported value -16.2% vs Q1 2026

28positions

90.7%in top 10

2 new 5 added 14 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,286,845	$459.9m17.49%	17.49%	Reduced -417.8k	-417,794 -24.5%
2	TKO GROUP HOLDINGS INC CL A TKO	TKO	2,098,862	$422.5m16.07%	16.07%	Reduced -350.6k	-350,606 -14.3%
3	FAIR ISAAC CORP COM FICO	FICO	226,186	$270.2m10.28%	10.28%	Reduced -23.2k	-23,236 -9.3%
4	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	514,512	$258.0m9.81%	9.81%	Reduced -102.7k	-102,699 -16.6%
5	DISNEY WALT CO COM DIS	DIS	2,607,846	$251.0m9.55%	9.55%	Reduced -598.6k	-598,561 -18.7%
6	INTUIT COM INTU	INTU	666,883	$174.1m6.62%	6.62%	Reduced -66.8k	-66,816 -9.1%
7	MONDELEZ INTL INC CL A MDLZ	MDLZ	2,565,453	$148.4m5.64%	5.64%	Reduced -996.5k	-996,511 -28.0%
8	PEPSICO INC COM PEP	PEP	1,023,706	$138.6m5.27%	5.27%	Reduced -253.5k	-253,479 -19.9%
9	PAYPAL HLDGS INC COM PYPL	PYPL	3,162,672	$136.6m5.19%	5.19%	Reduced -1.0m	-1,016,951 -24.3%
10	EBAY INC. COM EBAY	EBAY	1,116,001	$124.7m4.74%	4.74%	Reduced -811.5k	-811,484 -42.1%
11	MANCHESTER UTD PLC NEW ORD CL A MANU	MANU	2,758,446	$63.3m2.41%	2.41%	Reduced -383.6k	-383,554 -12.2%
12	KKR & CO INC COM KKR	KKR	667,780	$61.3m2.33%	2.33%	New
13	BROWN FORMAN CORP CL A BF.A	BF.A	2,134,789	$58.4m2.22%	2.22%	Reduced -450.4k	-450,433 -17.4%
14	BROWN FORMAN CORP CL B BF.B	BF.B	1,379,324	$36.8m1.40%	1.40%	Reduced -196.7k	-196,725 -12.5%
15	VISA INC COM CL A V	V	10,500	$3.6m0.14%	0.14%	Added +200	+200 1.9%
16	S&P GLOBAL INC COM SPGI	SPGI	7,400	$3.0m0.11%	0.11%	Added +100	+100 1.4%
17	CANADIAN PACIFIC KANSAS CITY COM CP	CP	30,000	$2.6m0.10%	0.10%	Unchanged
18	AMERICAN EXPRESS CO COM AXP	AXP	7,600	$2.6m0.10%	0.10%	Reduced -1.4k	-1,400 -15.6%
19	EQUIFAX INC COM EFX	EFX	11,800	$1.9m0.07%	0.07%	Added +300	+300 2.6%
20	VERISK ANALYTICS INC COM VRSK	VRSK	9,500	$1.7m0.06%	0.06%	Added +1.1k	+1,100 13.1%
21	CME GROUP INC COM CME	CME	6,900	$1.5m0.06%	0.06%	Unchanged
22	ADOBE INC COM ADBE	ADBE	7,000	$1.4m0.05%	0.05%	Unchanged
23	WARNER MUSIC GROUP CORP COM CL A WMG	WMG	50,000	$1.4m0.05%	0.05%	New
24	ORACLE CORP COM ORCL	ORCL	9,000	$1.3m0.05%	0.05%	Unchanged
25	LAUDER ESTEE COS INC CL A EL	EL	15,000	$1.2m0.05%	0.05%	Unchanged
26	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	2,800	$1.1m0.04%	0.04%	Unchanged
27	COCA COLA CO COM KO	KO	12,000	$975.2k0.04%	0.04%	Unchanged
28	NIKE INC CL B NKE	NKE	21,000	$862.0k0.03%	0.03%	Added +200	+200 1.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
COLGATE PALMOLIVE CO CL	CL	10,000	$852.3k10.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
MANCHESTER UTD PLC NEW MANU · 13G · filed 2026-01-06	MANU	6.4%≈ $82.5m	-1.4 pts	13G	2026-01-06