Lindsell Train Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Lindsell Train Ltd reported 28 stock positions worth $3.9 billion. Its top holding was Alphabet Class A (GOOGL) at 16.6% of the portfolio, followed by Tko (TKO, 14.9%) and Intuit (INTU, 10.3%). Compared with Q3 2025, it added to 4 and reduced 14. The biggest buy was S&P Global (SPGI, shares +5%) and the biggest sale Mondelez International Class A (MDLZ, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001484150
- Portfolio Value
- $3.9B (Q4 2025)
- SEC Filing
- 0001172661-26-000625 ↗ filed Feb 11, 2026
Holdings Value
Holdings 28 stocks · $3.9B
| GOOGL Alphabet Inc. Class A | 16.58% | 2,088,598 | $653.7M | Reduce -6.5% |
| TKO Tko Group Holdings Inc. | 14.95% | 2,820,204 | $589.4M | Reduce -4.5% |
| INTU Intuit Inc. | 10.25% | 610,251 | $404.2M | Reduce -0.3% |
| TMO Thermo Fisher Scientific Inc. | 10.13% | 689,503 | $399.5M | Reduce -15.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 10.05% | 3,481,830 | $396.1M | Reduce -6.5% |
| FICO Fair Isaac Corp. | 9.29% | 216,593 | $366.2M | Reduce -2.9% |
| PEP Pepsico Inc. | 6.56% | 1,801,971 | $258.6M | Reduce -18.1% |
| PYPL PayPal Holdings Inc. | 6.36% | 4,298,618 | $251.0M | Reduce -4.1% |
| MDLZ Mondelez International Inc. Class A | 6.12% | 4,479,854 | $241.2M | Reduce -10.9% |
| EBAY eBay Inc. | 4.59% | 2,079,079 | $181.1M | Reduce -15.3% |
| BF.A Brown-Forman Corp. Class A | 1.83% | 2,742,740 | $72.2M | No change |
| MANU Manchester United PLC Class A | 1.45% | 3,596,500 | $57.3M | Reduce -17.8% |
| BF.B Brown-Forman Corp. Class B | 1.09% | 1,649,764 | $43.0M | No change |
| AXP American Express Co. | 0.09% | 9,800 | $3.6M | Reduce -3.9% |
| SPGI S&P Global Inc. | 0.09% | 6,800 | $3.6M | Add +4.6% |
| V Visa Inc. Class A | 0.09% | 10,000 | $3.5M | No change |
| EFX Equifax Inc. | 0.06% | 11,000 | $2.4M | Add +4.8% |
| CP Canadian Pacific Kansas City | 0.06% | 30,000 | $2.2M | Add +5.3% |
| CME Cme Group Inc. | 0.05% | 7,400 | $2.0M | No change |
| ADBE Adobe Inc. | 0.05% | 5,300 | $1.9M | Add +17.8% |
| ORCL Oracle Corp. | 0.04% | 9,000 | $1.8M | No change |
| VRSK Verisk Analytics Inc. | 0.04% | 7,500 | $1.7M | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.04% | 15,500 | $1.6M | No change |
| NKE Nike Inc. Class B | 0.03% | 20,400 | $1.3M | No change |
| 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% | 17,000 | $1.2M | Reduce -8.1% |
| CL Colgate-Palmolive Co. | 0.03% | 14,600 | $1.2M | Reduce -2.7% |
| MSGS Madison Square Garden Sports | 0.02% | 3,300 | $854K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MDLZ Mondelez International Inc. Class A | Reduce -10.9% | 6.12% | −1.59 |
| PEP Pepsico Inc. | Reduce -18.1% | 6.56% | −1.03 |
| PYPL PayPal Holdings Inc. | Reduce -4.1% | 6.36% | −1.01 |
| EBAY eBay Inc. | Reduce -15.3% | 4.59% | −0.89 |
| DIS The Walt Disney Co. | Reduce -6.5% | 10.05% | −0.42 |
| MANU Manchester United PLC Class A | Reduce -17.8% | 1.45% | −0.17 |
| CL Colgate-Palmolive Co. | Reduce -2.7% | 0.03% | −0.00 |
| KO The Coca-Cola Co. | Reduce -8.1% | 0.03% | 0.00 |
| INTU Intuit Inc. | Reduce -0.3% | 10.25% | +0.00 |
| AXP American Express Co. | Reduce -3.9% | 0.09% | +0.01 |
| TKO Tko Group Holdings Inc. | Reduce -4.5% | 14.95% | +0.31 |
| TMO Thermo Fisher Scientific Inc. | Reduce -15.7% | 10.13% | +0.40 |
| FICO Fair Isaac Corp. | Reduce -2.9% | 9.29% | +1.10 |
| GOOGL Alphabet Inc. Class A | Reduce -6.5% | 16.58% | +3.25 |
Portfolio Buys Q3 2025 → Q4 2025
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 |