Q2 2026 · SEC CIK 0001484150

Lindsell Train portfolio

SuperinvestorHedge fundLindsell Train Ltd filed on 2026-07-15. Open SEC filings ↗

Reported 13F value: $2.6B
Reported positions: 28
Eligible equities: 28
Holdings vs S&P 500, 3 years: -10.3 pts

Average holding period of the top positions: 6.7 yrs. Holdings vs the S&P 500 over 1 and 5 years: -18.2 pts, -6.7 pts.

In its Q2 2026 13F, filed 2026-07-15, Lindsell Train Ltd reported 28 positions worth $2.6B. Its largest holdings were ALPHABET INC (GOOGL, 17.5%), TKO GROUP HOLDINGS INC (TKO, 16.1%), FAIR ISAAC CORP (FICO, 10.3%). Over the last 3 years its top holdings ran 10.3 points a year behind the S&P 500.

Reported holdings in the Q2 2026 snapshot.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare Q1 2026 to Q2 2026; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Lindsell Train eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
GOOGLALPHABET INC	17.5%	15.6%	+1.87 pp	1,286,845	$459.9M
TKOTKO GROUP HOLDINGS INC	16.1%	15.7%	+0.33 pp	2,098,862	$422.5M
FICOFAIR ISAAC CORP	10.3%	8.5%	+1.79 pp	226,186	$270.2M
TMOTHERMO FISHER SCIENTIFIC INC	9.8%	9.7%	+0.14 pp	514,512	$258.0M
DISDISNEY WALT CO	9.5%	9.9%	-0.30 pp	2,607,846	$251.0M
INTUINTUIT	6.6%	10.1%	-3.49 pp	666,883	$174.1M
MDLZMONDELEZ INTL INC	5.6%	6.5%	-0.90 pp	2,565,453	$148.4M
PEPPEPSICO INC	5.3%	6.3%	-1.05 pp	1,023,706	$138.6M
PYPLPAYPAL HLDGS INC	5.2%	6.0%	-0.83 pp	3,162,672	$136.6M
EBAYEBAY INC.	4.7%	5.6%	-0.85 pp	1,116,001	$124.7M
MANUMANCHESTER UTD PLC NEW	2.4%	1.7%	+0.72 pp	2,758,446	$63.3M
KKRKKR & CO INC	2.3%	New	New	667,780	$61.3M
BF-ABROWN FORMAN CORP	2.2%	2.2%	+0.01 pp	2,134,789	$58.4M
BF-BBROWN FORMAN CORP	1.4%	1.3%	+0.07 pp	1,379,324	$36.8M
VVISA INC	0.1%	0.1%	+0.04 pp	10,500	$3.6M
SPGIS&P GLOBAL INC	0.1%	0.1%	+0.02 pp	7,400	$3.0M
CPCANADIAN PACIFIC KANSAS CITY	0.1%	0.1%	+0.02 pp	30,000	$2.6M
AXPAMERICAN EXPRESS CO	0.1%	0.1%	+0.01 pp	7,600	$2.6M
EFXEQUIFAX INC	0.1%	0.1%	+0.00 pp	11,800	$1.9M
VRSKVERISK ANALYTICS INC	0.1%	0.1%	+0.01 pp	9,500	$1.7M
CMECME GROUP INC	0.1%	0.1%	-0.01 pp	6,900	$1.5M
ADBEADOBE INC	0.1%	0.1%	+0.00 pp	7,000	$1.4M
WMGWARNER MUSIC GROUP CORP	0.1%	New	New	50,000	$1.4M
ORCLORACLE CORP	0.1%	0.0%	+0.01 pp	9,000	$1.3M
ELLAUDER ESTEE COS INC	0.0%	0.0%	+0.01 pp	15,000	$1.2M
MSGSMADISON SQUARE GRDN SPRT COR	0.0%	0.0%	+0.01 pp	2,800	$1.1M
KOCOCA COLA CO	0.0%	0.0%	+0.01 pp	12,000	$975K
NKENIKE INC	0.0%	0.0%	-0.00 pp	21,000	$862K

What Lindsell Train bought and sold in Q2 2026, against Q1 2026.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +0.4% /yr; S&P 500 +20.1%
3 years: +8.9% /yr; S&P 500 +20.4%
5 years: +4.3% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Lindsell Train's portfolio

What stocks does Lindsell Train own?

Lindsell Train Ltd's latest 13F, for Q2 2026 and filed Jul 15, 2026, lists 28 positions worth $2.6B. The largest are Alphabet Inc (GOOGL) at 17.5%, Tko Group Holdings Inc (TKO) at 16.1%, Fair Isaac Corp (FICO) at 10.3%, Thermo Fisher Scientific Inc (TMO) at 9.8% and Disney Walt Co (DIS) at 9.5%.

What did Lindsell Train buy last quarter?

In Q2 2026, Lindsell Train Ltd added a new position in Kkr & Co Inc Cl A (KKR), a new position in Warner Music Group Corp Class A (WMG) and Verisk Analytics Inc (VRSK) (+13.1% shares), compared with its Q1 2026 filing.

What did Lindsell Train sell last quarter?

In Q2 2026, Lindsell Train Ltd sold all of Colgate Palmolive Co (CL), Ebay Inc. (EBAY) (-42.1% shares), Mondelez International Inc. (MDLZ) (-28.0% shares) and Alphabet Inc (GOOGL) (-24.5% shares), compared with its Q1 2026 filing.

How has Lindsell Train's portfolio performed?

A portfolio copying Lindsell Train Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +8.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +0.4% against +20.1%. Over 5 years: +4.3% a year against +11.6%.

When is Lindsell Train Ltd's next 13F filing due?

13F filings are due 45 days after each quarter ends. Lindsell Train Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Lindsell Train Ltd manage?

Lindsell Train Ltd reported $9.3B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.6B.