Lindsell Train Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), Lindsell Train Ltd reported 28 stock positions worth $4.0 billion. Its top holding was Tko (TKO) at 12.9% of the portfolio, followed by Fair Isaac (FICO, 12.7%) and Mondelez International Class A (MDLZ, 12.6%). Compared with Q3 2024, it opened 1 new position, sold out of 2 and reduced 11. The biggest buy was a new position in Thermo Fisher Scientific (TMO) and the biggest sale Mondelez International Class A (MDLZ, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001484150
- Portfolio Value
- $4.0B (Q4 2024)
- SEC Filing
- 0001172661-25-000270 ↗ filed Jan 21, 2025
Holdings Value
Holdings 28 stocks · $4.0B
| TKO Tko Group Holdings Inc. | 12.91% | 3,633,367 | $516.3M | Reduce -19.6% |
| FICO Fair Isaac Corp. | 12.72% | 255,520 | $508.7M | Reduce -13.2% |
| MDLZ Mondelez International Inc. Class A | 12.56% | 8,411,222 | $502.4M | Reduce -17.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 12.41% | 4,458,441 | $496.4M | Reduce -18.2% |
| INTU Intuit Inc. | 12.09% | 769,617 | $483.7M | Reduce -16.0% |
| PEP Pepsico Inc. | 9.72% | 2,556,337 | $388.7M | Reduce -7.7% |
| PYPL PayPal Holdings Inc. | 9.14% | 4,282,692 | $365.5M | Reduce -6.7% |
| EBAY eBay Inc. | 5.65% | 3,646,121 | $225.9M | Reduce -11.2% |
| TMO Thermo Fisher Scientific Inc. | 5.30% | 407,240 | $211.9M | New |
| BF.A Brown-Forman Corp. Class A | 2.63% | 2,796,127 | $105.4M | Reduce -2.7% |
| MANU Manchester United PLC Class A | 2.50% | 5,776,015 | $100.2M | Reduce -9.3% |
| BF.B Brown-Forman Corp. Class B | 1.55% | 1,634,526 | $62.1M | Reduce -0.3% |
| V Visa Inc. Class A | 0.09% | 11,200 | $3.5M | No change |
| AXP American Express Co. | 0.09% | 11,600 | $3.4M | No change |
| GOOG Alphabet Inc. Class C | 0.08% | 17,750 | $3.4M | No change |
| ORCL Oracle Corp. | 0.08% | 19,200 | $3.2M | No change |
| SPGI S&P Global Inc. | 0.07% | 5,900 | $2.9M | No change |
| EFX Equifax Inc. | 0.07% | 10,300 | $2.6M | No change |
| VRSK Verisk Analytics Inc. | 0.05% | 7,300 | $2.0M | No change |
| CME Cme Group Inc. | 0.05% | 8,600 | $2.0M | No change |
| CL Colgate-Palmolive Co. | 0.05% | 20,100 | $1.8M | No change |
| ADBE Adobe Inc. | 0.04% | 3,560 | $1.6M | No change |
| NKE Nike Inc. Class B | 0.04% | 20,400 | $1.5M | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.03% | 12,000 | $1.4M | No change |
| KO The Coca-Cola Co. | 0.03% | 21,100 | $1.3M | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.03% | 14,425 | $1.1M | No change |
| HSY The Hershey Co. | 0.02% | 5,100 | $864K | No change |
| MSGS Madison Square Garden Sports | 0.02% | 3,300 | $745K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| MDLZ Mondelez International Inc. Class A | Reduce -17.6% | 12.56% | −4.42 |
| PEP Pepsico Inc. | Reduce -7.7% | 9.72% | −0.91 |
| INTU Intuit Inc. | Reduce -16.0% | 12.09% | −0.75 |
| BF.A Brown-Forman Corp. Class A | Reduce -2.7% | 2.63% | −0.48 |
| EBAY eBay Inc. | Reduce -11.2% | 5.65% | −0.39 |
| BF.B Brown-Forman Corp. Class B | Reduce -0.3% | 1.55% | −0.27 |
| FICO Fair Isaac Corp. | Reduce -13.2% | 12.72% | −0.20 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.02 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.01 |
| MANU Manchester United PLC Class A | Reduce -9.3% | 2.50% | +0.18 |
| TKO Tko Group Holdings Inc. | Reduce -19.6% | 12.91% | +0.28 |
| DIS The Walt Disney Co. | Reduce -18.2% | 12.41% | +0.58 |
| PYPL PayPal Holdings Inc. | Reduce -6.7% | 9.14% | +1.05 |
Portfolio Buys Q3 2024 → Q4 2024
| TMO Thermo Fisher Scientific Inc. | New | 5.30% | +5.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $2.6B | GOOGL, TKO, FICO, TMO, DIS |
| Q1 2026 | 27 | $3.1B | TKO, GOOGL, INTU, DIS, TMO |
| Q4 2025 | 28 | $3.9B | GOOGL, TKO, INTU, TMO, DIS |
| Q3 2025 | 28 | $4.1B | TKO, GOOGL, DIS, INTU, TMO |
| Q2 2025 | 29 | $4.2B | TKO, INTU, DIS, FICO, MDLZ |
| Q1 2025 | 29 | $3.6B | TKO, INTU, FICO, DIS, MDLZ |
| Q4 2024 | 28 | $4.0B | TKO, FICO, MDLZ, DIS, INTU |
| Q3 2024 | 29 | $4.4B | MDLZ, FICO, INTU, TKO, DIS |
| Q2 2024 | 29 | $4.3B | MDLZ, FICO, INTU, TKO, DIS |
| Q1 2024 | 30 | $4.8B | MDLZ, FICO, INTU, DIS, PEP |