Funds › Lindsell Train (Nick Train) › Q3 2024Lindsell Train (Nick Train) 13F holdings, Q3 2024 Lindsell Train (Nick Train) disclosed 29 US equity positions worth $4.4bn in its Q3 2024 13F filing. Its largest position is MDLZ at 17.0% of the reported book, followed by FICO and INTU. Versus Q2 2024 it opened 0 new positions, added to 7, reduced 7 and exited 0.
$4.4bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
29 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
17.0% Largest position The largest single position as a share of the reported equity book.
97.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
9 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
67 Quarters on file since Q4 2009 Quarters for which this manager's 13F holdings are on record. Holdings Against Q2 2024: 0 new , 7 added , 7 reduced , 0 exited
29 rows
Stock Sector Weight Value Shares Δ shares Action MDLZ MONDELEZ INTL INC Consumer Defensive 17.0% $752m 10.21m −12% reduced FICO FAIR ISAAC CORP Technology 12.9% $572m 294,443 −34% reduced INTU INTUIT Technology 12.8% $569m 916,191 −2.3% reduced TKO TKO GROUP HOLDINGS INC Communication Services 12.6% $559m 4.52m −11% reduced DIS DISNEY WALT CO Communication Services 11.8% $524m 5.45m +11% added PEP PEPSICO INC Consumer Defensive 10.6% $471m 2.77m −1.2% reduced PYPL PAYPAL HLDGS INC Financial Services 8.1% $358m 4.59m −0.5% held EBAY EBAY INC. Consumer Cyclical 6.0% $267m 4.11m −6.1% reduced BF/A BROWN FORMAN CORP – 3.1% $138m 2.87m +1.1% added MANCHESTER UTD PLC NEW no ticker – 2.3% $103m 6.37m −11% reduced BF/B BROWN FORMAN CORP – 1.8% $80.7m 1.64m +465% added ORCL ORACLE CORP Technology 0.07% $3.3m 19,200 0.0% held AXP AMERICAN EXPRESS CO Financial Services 0.07% $3.1m 11,600 0.0% held V VISA INC Financial Services 0.07% $3.1m 11,200 +45% added SPGI S&P GLOBAL INC Financial Services 0.07% $3.0m 5,900 0.0% held EFX EQUIFAX INC Industrials 0.07% $3.0m 10,300 0.0% held GOOG ALPHABET INC Communication Services 0.07% $2.9m 17,750 +5.3% added CL COLGATE PALMOLIVE CO Consumer Defensive 0.05% $2.1m 20,100 0.0% held VRSK VERISK ANALYTICS INC Industrials 0.04% $2.0m 7,300 0.0% held CME CME GROUP INC Financial Services 0.04% $1.9m 8,600 0.0% held ADBE ADOBE INC Technology 0.04% $1.8m 3,560 0.0% held NKE NIKE INC Consumer Cyclical 0.04% $1.8m 20,400 +28% added KO COCA COLA CO Consumer Defensive 0.03% $1.5m 21,100 0.0% held EL LAUDER ESTEE COS INC Consumer Defensive 0.03% $1.4m 14,425 +26% added TROW PRICE T ROWE GROUP INC Financial Services 0.03% $1.3m 12,000 0.0% held JNJ JOHNSON & JOHNSON Healthcare 0.02% $983k 6,065 0.0% held HSY HERSHEY CO Consumer Defensive 0.02% $978k 5,100 0.0% held MSGS MADISON SQUARE GRDN SPRT COR Communication Services 0.02% $687k 3,300 0.0% held KVUE KENVUE INC Consumer Defensive 0.01% $341k 14,739 0.0% held
Sector mix Consumer Defensive 27.7% Technology 25.9% Communication Services 24.5% Financial Services 8.4% Unclassified 7.3% Consumer Cyclical 6.1% Industrials 0.1% Healthcare 0.02% Book over time Every quarter on file (67) Where Lindsell Train (Nick Train) was early 6 rows
Stock First reported Entry rank Initial weight Peak weight Quarters held Status Stock since HSY HERSHEY CO Q1 2010 4 of 125 1.5% 2.4% 42 Exited by Q3 2025 +288% MDLZ MONDELEZ INTL INC Q4 2012 1 of 145 20.6% 31.8% 55 Held at last filing, Q2 2026 +127% PYPL PAYPAL HLDGS INC Q3 2015 4 of 322 8.9% 15.9% 44 Held at last filing, Q2 2026 +39% KHC KRAFT HEINZ COMPANY Q3 2015 7 of 173 4.4% 4.7% 11 Exited by Q2 2018 −12% BF/B BROWN FORMAN CORP Q1 2018 6 of 106 0.6% 1.8% 34 Held at last filing, Q2 2026 −51% TKO TKO GROUP HOLDINGS INC Q3 2023 3 of 142 10.0% 16.1% 12 Held at last filing, Q2 2026 +139%
Concentration and tenure
25.5% Median largest position, all quarters The largest single position as a share of the reported equity book.
99.7% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
11 Median completed holding, quarters