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Lindsell Train

Lindsell Train

UK quality investor

$3.94B

Portfolio Value

28

Holdings

Q4 '25

Period

2026-02-11

Filed

📉

Simulated 13F Return

⚠️ Approximation

Total Return

+15.65%

Q1 '25 → Q4 '25

Annualized

+21.3%/yr

S&P: +26.24%/yr

Alpha (vs S&P)

-3.53%

3 quarters tracked

1-Year Return

—

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

GOOGLREDUCED
16.6% of portfolio
-7% shares+3.3pp
TKOREDUCED
14.9% of portfolio
-5% shares+0.3pp
INTUREDUCED
10.3% of portfolio
-0% shares
TMOREDUCED
10.1% of portfolio
-16% shares+0.4pp
DISREDUCED
10.0% of portfolio
-7% shares-0.4pp
FICOREDUCED
9.3% of portfolio
-3% shares+1.1pp
PEPREDUCED
6.6% of portfolio
-18% shares-1.0pp
PYPLREDUCED
6.4% of portfolio
-4% shares-1.0pp
MCDREDUCED
6.1% of portfolio
-11% shares-1.6pp
EBAYREDUCED
4.6% of portfolio
-15% shares-0.9pp
MANUREDUCED
1.5% of portfolio
-18% shares-0.2pp
AXPINCREASED
0.1% of portfolio
-4% shares
SPGIINCREASED
0.1% of portfolio
+5% shares+0.0pp
EFXINCREASED
0.1% of portfolio
+5% shares
CPINCREASED
0.1% of portfolio
+5% shares
ADBEINCREASED
<0.1% of portfolio
+18% shares
KOREDUCED
<0.1% of portfolio
-8% shares
CLREDUCED
<0.1% of portfolio
-3% shares

📊 Sector Breakdown

Portfolio allocation by sector

Technology 33.3%Unknown 28.8%Consumer Discretionary 10.8%Healthcare 10.1%Communication Services 10.0%+2 more (7.0%)

💼 Holdings

🔍

28 of 28 positions · $3.94B

This quarter: increased 5, reduced 13. Net seller.

GOOGLREDUCED
16.6%
16.6% of portfolio (was 13.3%, trimmed)
Filed ~$313
—📄
TKOREDUCED
14.9%
14.9% of portfolio (was 14.6%, trimmed)
Filed ~$209
—📄
INTUREDUCED
10.3%
10.3% of portfolio (was 10.2%, trimmed)
Filed ~$662
—📄
TMOREDUCED
10.1%
10.1% of portfolio (was 9.7%, trimmed)
Filed ~$579
—📄
DISREDUCED
10.0%
10.0% of portfolio (was 10.5%, trimmed)
Filed ~$114
—📄
FICOREDUCED
9.3%
9.3% of portfolio (was 8.2%, trimmed)
Filed ~$1691
—📄
PEPREDUCED
6.6%
6.6% of portfolio (was 7.6%, trimmed)
Filed ~$144
—📄
PYPLREDUCED
6.4%
6.4% of portfolio (was 7.4%, trimmed)
Filed ~$58
—📄
MCDREDUCED
6.1%
6.1% of portfolio (was 7.7%, trimmed)
Filed ~$54
—📄
EBAYREDUCED
4.6%
4.6% of portfolio (was 5.5%, trimmed)
Filed ~$87
—📄
BFA
1.8%
1.8% of portfolio
Filed ~$26
—📄
MANUREDUCED
1.5%
1.5% of portfolio (was 1.6%, trimmed)
Filed ~$16
—📄
BF-B
1.1%
1.1% of portfolio
Filed ~$26
—📄
AXPINCREASED
0.1%
0.1% of portfolio (was 0.1%, added)
Filed ~$370
—📄
SPGIINCREASED
0.1%
0.1% of portfolio (was 0.1%, added)
Filed ~$523
—📄
V
0.1%
0.1% of portfolio
Filed ~$351
—📄
EFXINCREASED
0.1%
0.1% of portfolio (was 0.1%, added)
Filed ~$217
—📄
CPINCREASED
0.1%
0.1% of portfolio (was 0.1%, added)
Filed ~$74
—📄
CME
0.1%
0.1% of portfolio
Filed ~$273
—📄
ADBEINCREASED
<0.1%
<0.1% of portfolio (was <0.1%, added)
Filed ~$350
—📄
ORCL
<0.1%
<0.1% of portfolio
Filed ~$195
—📄
VRSK
<0.1%
<0.1% of portfolio
Filed ~$224
—📄
EL
<0.1%
<0.1% of portfolio
Filed ~$105
—📄
NKE
<0.1%
<0.1% of portfolio
Filed ~$64
—📄
TROW
<0.1%
<0.1% of portfolio
Filed ~$102
—📄
KOREDUCED
<0.1%
<0.1% of portfolio (was <0.1%, trimmed)
Filed ~$70
—📄
CLREDUCED
<0.1%
<0.1% of portfolio (was <0.1%, trimmed)
Filed ~$79
—📄
MSGS
<0.1%
<0.1% of portfolio
Filed ~$259
—📄