Lindsell Train Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Lindsell Train Ltd reported 28 stock positions worth $4.1 billion. Its top holding was Tko (TKO) at 14.6% of the portfolio, followed by Alphabet Class A (GOOGL, 13.3%) and Walt Disney (DIS, 10.5%). Compared with Q2 2025, it sold out of 1, added to 8 and reduced 12. The biggest buy was Alphabet Class A (GOOGL, shares +10%) and the biggest sale Intuit (INTU, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001484150
- Portfolio Value
- $4.1B (Q3 2025)
- SEC Filing
- 0001172661-25-004712 ↗ filed Nov 12, 2025
Holdings Value
Holdings 28 stocks · $4.1B
| TKO Tko Group Holdings Inc. | 14.64% | 2,954,704 | $596.7M | Reduce -6.9% |
| GOOGL Alphabet Inc. Class A | 13.32% | 2,234,098 | $543.1M | Add +10.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 10.47% | 3,725,830 | $426.6M | Reduce -8.8% |
| INTU Intuit Inc. | 10.25% | 611,810 | $417.8M | Reduce -8.1% |
| TMO Thermo Fisher Scientific Inc. | 9.73% | 817,529 | $396.5M | Reduce -4.3% |
| FICO Fair Isaac Corp. | 8.19% | 222,955 | $333.7M | Reduce -0.1% |
| MDLZ Mondelez International Inc. Class A | 7.71% | 5,028,787 | $314.1M | Reduce -11.9% |
| PEP Pepsico Inc. | 7.59% | 2,201,671 | $309.2M | Reduce -9.3% |
| PYPL PayPal Holdings Inc. | 7.38% | 4,483,618 | $300.7M | Reduce -1.0% |
| EBAY eBay Inc. | 5.48% | 2,455,079 | $223.3M | Reduce -25.3% |
| BF.A Brown-Forman Corp. Class A | 1.81% | 2,742,740 | $73.8M | Add +0.3% |
| MANU Manchester United PLC Class A | 1.63% | 4,376,500 | $66.3M | Reduce -9.0% |
| BF.B Brown-Forman Corp. Class B | 1.10% | 1,649,764 | $44.7M | No change |
| V Visa Inc. Class A | 0.08% | 10,000 | $3.4M | No change |
| AXP American Express Co. | 0.08% | 10,200 | $3.4M | No change |
| SPGI S&P Global Inc. | 0.08% | 6,500 | $3.2M | Add +10.2% |
| EFX Equifax Inc. | 0.07% | 10,500 | $2.7M | Add +1.9% |
| ORCL Oracle Corp. | 0.06% | 9,000 | $2.5M | Reduce -48.6% |
| CP Canadian Pacific Kansas City | 0.05% | 28,500 | $2.1M | Add +114.3% |
| CME Cme Group Inc. | 0.05% | 7,400 | $2.0M | No change |
| VRSK Verisk Analytics Inc. | 0.05% | 7,500 | $1.9M | Add +13.6% |
| ADBE Adobe Inc. | 0.04% | 4,500 | $1.6M | Add +26.4% |
| NKE Nike Inc. Class B | 0.03% | 20,400 | $1.4M | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.03% | 15,500 | $1.4M | Add +7.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.03% | 12,000 | $1.2M | No change |
| KO The Coca-Cola Co. | 0.03% | 18,500 | $1.2M | Reduce -2.6% |
| CL Colgate-Palmolive Co. | 0.03% | 15,000 | $1.2M | No change |
| MSGS Madison Square Garden Sports | 0.02% | 3,300 | $749K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| INTU Intuit Inc. | Reduce -8.1% | 10.25% | −2.11 |
| DIS The Walt Disney Co. | Reduce -8.8% | 10.47% | −1.48 |
| FICO Fair Isaac Corp. | Reduce -0.1% | 8.19% | −1.43 |
| MDLZ Mondelez International Inc. Class A | Reduce -11.9% | 7.71% | −1.37 |
| PYPL PayPal Holdings Inc. | Reduce -1.0% | 7.38% | −0.55 |
| MANU Manchester United PLC Class A | Reduce -9.0% | 1.63% | −0.39 |
| EBAY eBay Inc. | Reduce -25.3% | 5.48% | −0.29 |
| ORCL Oracle Corp. | Reduce -48.6% | 0.06% | −0.03 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.02 |
| KO The Coca-Cola Co. | Reduce -2.6% | 0.03% | −0.00 |
| PEP Pepsico Inc. | Reduce -9.3% | 7.59% | +0.03 |
| TKO Tko Group Holdings Inc. | Reduce -6.9% | 14.64% | +1.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.3% | 9.73% | +1.56 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +10.2% | 13.32% | +4.90 |
| BF.A Brown-Forman Corp. Class A | Add +0.3% | 1.81% | +0.04 |
| CP Canadian Pacific Kansas City | Add +114.3% | 0.05% | +0.03 |
| ADBE Adobe Inc. | Add +26.4% | 0.04% | +0.01 |
| EL Estee Lauder Companies Class A | Add +7.5% | 0.03% | +0.01 |
| SPGI S&P Global Inc. | Add +10.2% | 0.08% | +0.00 |
| EFX Equifax Inc. | Add +1.9% | 0.07% | +0.00 |
| VRSK Verisk Analytics Inc. | Add +13.6% | 0.05% | −0.00 |
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 |