Lindsell Train
Nick Train
Period
Q1 2026
Portfolio Date
Mar 31, 2026
Stocks Held
27
Market Value
$3.1B
Portfolio Analysis
AIPreviewI. Institutional Overview
The institutional investment landscape is often characterized by a frantic search for the "next big thing," yet Nick Train and his firm, Lindsell Train, stand as a testament to the power of patience, concentration, and a relentless focus on "quality." As of the first quarter of 2026, the firm’s 13F filing reveals a portfolio valued at approximately $3.14...
The scale of the portfolio, sitting at $3.14 billion, suggests a stable yet highly selective capital base. In the world of institutional finance, an AUM (Assets Under Management) of this size combined with such a small number of holdings indicates that each position is a significant "ballast stone" for the firm’s performance. The investment style is...
The current state of the portfolio can be summarized as a "strategic consolidation around digital and data monopolies." While the firm has historically been associated with consumer staples—the "boring" but reliable cash cows of the stock market—the Q1 2026 data indicates a profound lean toward the digital economy. The fact that the top two holdings alone...
Based on the latest available 13F filing.
Open full report in appHoldings Value Trend
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Top 5 Holdings
$TKO
TKO Group Holdings, Inc.
15.8%
% of Portfolio
$GOOGL
Alphabet Inc.
15.6%
% of Portfolio
$INTU
Intuit Inc.
10.1%
% of Portfolio
$DIS
The Walt Disney Company
9.8%
% of Portfolio
$TMO
Thermo Fisher Scientific Inc.
9.7%
% of Portfolio
Historical Positions
| Symbol | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| TKO | 15.8% | 14.9% | 14.6% | 13.6% |
| GOOGL | 15.6% | 16.6% | 13.3% | 8.4% |
| INTU | 10.1% | 10.3% | 10.3% | 12.4% |
| DIS | 9.8% | 10.1% | 10.5% | 11.9% |
| TMO | 9.7% | 10.1% | 9.7% | 8.2% |
| FICO | 8.5% | 9.3% | 8.2% | 9.6% |
| MDLZ | 6.5% | 6.1% | 7.7% | 9.1% |
| PEP | 6.3% | 6.6% | 7.6% | 7.5% |
| PYPL | 6.0% | 6.4% | 7.4% | 7.9% |
| EBAY | 5.6% | 4.6% | 5.5% | 5.8% |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
Sector Analysis
Trading Summary
No stocks in this category
All Holdings
$TKO
15.8%
$GOOGL
15.6%
$INTU
10.1%
$DIS
9.8%
$TMO
9.7%
$FICO
8.5%
$MDLZ
6.5%
$PEP
6.3%
$PYPL
6.0%
$EBAY
5.6%
$BF.A
2.2%
$MANU
1.7%
$BF.B
1.3%
$V
0.1%
$SPGI
0.1%
$AXP
0.1%
$CP
0.1%
$EFX
0.1%
$CME
0.1%
$ADBE
0.1%
$VRSK
0.1%
$ORCL
0.0%
$NKE
0.0%
$EL
0.0%
$KO
0.0%
$MSGS
0.0%
$CL
0.0%