Lindsell Train: 13F holdings, Q2 2026
Quality compounder · SEC EDGAR filings (CIK 0001484150) · Explore on the interactive board
Lindsell Train disclosed 28 US equity positions worth $2.6bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed July 15, 2026). Its largest position is GOOGL at 17.5% of the reported book, followed by TKO, FICO. The top ten holdings are 90.7% of the book, and the portfolio behaves like about 10 equal-weight positions. Versus the prior filing it opened 2 new positions, added to 5, reduced 14 and exited 1.
What does Lindsell Train own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 2 new, 5 added, 14 reduced, 1 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL ALPHABET INC | Communication Services | 17.5% | $459.9m | 1,286,845 | -25% | reduced |
| 2 | TKO TKO GROUP HOLDINGS INC | Communication Services | 16.1% | $422.5m | 2,098,862 | -14% | reduced |
| 3 | FICO FAIR ISAAC CORP | Technology | 10.3% | $270.2m | 226,186 | -9% | reduced |
| 4 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 9.8% | $258.0m | 514,512 | -17% | reduced |
| 5 | DIS DISNEY WALT CO | Communication Services | 9.5% | $251.0m | 2,607,846 | -19% | reduced |
| 6 | INTU INTUIT | Technology | 6.6% | $174.1m | 666,883 | -9% | reduced |
| 7 | MDLZ MONDELEZ INTL INC | Consumer Defensive | 5.6% | $148.4m | 2,565,453 | -28% | reduced |
| 8 | PEP PEPSICO INC | Consumer Defensive | 5.3% | $138.6m | 1,023,706 | -20% | reduced |
| 9 | PYPL PAYPAL HLDGS INC | Financial Services | 5.2% | $136.6m | 3,162,672 | -24% | reduced |
| 10 | EBAY EBAY INC. | Consumer Cyclical | 4.7% | $124.7m | 1,116,001 | -42% | reduced |
| 11 | MANCHESTER UTD PLC NEW | 2.4% | $63.3m | 2,758,446 | -12% | reduced | |
| 12 | KKR KKR & CO INC | Financial Services | 2.3% | $61.3m | 667,780 | – | new |
| 13 | BF/A BROWN FORMAN CORP | 2.2% | $58.4m | 2,134,789 | -17% | reduced | |
| 14 | BF/B BROWN FORMAN CORP | 1.4% | $36.8m | 1,379,324 | -12% | reduced | |
| 15 | V VISA INC | Financial Services | 0.1% | $3.6m | 10,500 | 2% | added |
| 16 | SPGI S&P GLOBAL INC | Financial Services | 0.1% | $3.0m | 7,400 | 1% | added |
| 17 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 0.1% | $2.6m | 30,000 | 0% | held |
| 18 | AXP AMERICAN EXPRESS CO | Financial Services | 0.1% | $2.6m | 7,600 | -16% | reduced |
| 19 | EFX EQUIFAX INC | Industrials | 0.1% | $1.9m | 11,800 | 3% | added |
| 20 | VRSK VERISK ANALYTICS INC | Industrials | 0.1% | $1.7m | 9,500 | 13% | added |
| 21 | CME CME GROUP INC | Financial Services | 0.1% | $1.5m | 6,900 | 0% | held |
| 22 | ADBE ADOBE INC | Technology | 0.1% | $1.4m | 7,000 | 0% | held |
| 23 | WMG WARNER MUSIC GROUP CORP | Communication Services | 0.1% | $1.4m | 50,000 | – | new |
| 24 | ORCL ORACLE CORP | Technology | 0.1% | $1.3m | 9,000 | 0% | held |
| 25 | EL LAUDER ESTEE COS INC | Consumer Defensive | 0.0% | $1.2m | 15,000 | 0% | held |
| 26 | MSGS MADISON SQUARE GRDN SPRT COR | Communication Services | 0.0% | $1.1m | 2,800 | 0% | held |
| 27 | KO COCA COLA CO | Consumer Defensive | 0.0% | $975.2k | 12,000 | 0% | held |
| 28 | NKE NIKE INC | Consumer Cyclical | 0.0% | $862.0k | 21,000 | 1% | added |
What did Lindsell Train sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| CL COLGATE PALMOLIVE CO | 100.0% | $852.3k |
Sector mix
| Sector | Weight |
|---|---|
| Communication Services | 43.2% |
| Technology | 17.0% |
| Consumer Defensive | 11.0% |
| Healthcare | 9.8% |
| Financial Services | 7.9% |
| Consumer Cyclical | 4.8% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 28 | $2.6bn |
| Q1 2026 | 27 | $3.1bn |
| Q4 2025 | 28 | $3.9bn |
| Q3 2025 | 28 | $4.1bn |
| Q2 2025 | 29 | $4.2bn |
| Q1 2025 | 29 | $3.6bn |
| Q4 2024 | 28 | $4.0bn |
| Q3 2024 | 29 | $4.4bn |
| Q2 2024 | 29 | $4.3bn |
| Q1 2024 | 30 | $4.8bn |
| Q4 2023 | 30 | $5.2bn |
| Q3 2023 | 30 | $5.0bn |
| Q2 2023 | 29 | $5.6bn |
| Q1 2023 | 29 | $5.7bn |
| Q4 2022 | 29 | $5.3bn |
| Q3 2022 | 29 | $4.9bn |
Earliest filing: Q4 2009 · 67 quarters on file
How concentrated is Lindsell Train's portfolio?
Across every quarter Lindsell Train has filed, its median largest position is 25.5% of the book and its median top-ten weight is 99.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 20 completed holding spells, the median lasted 11.0 quarters; 28 positions are still open and their final length is unknown.