Question 1

What stocks did Lindsell Train buy this quarter?

Accepted Answer

In the Q2 '26 13F filing, Lindsell Train added 2 new positions and increased 5 existing holdings, totaling $73.7M in buy activity. New positions alone account for $62.6M.

Question 2

What was Lindsell Train's biggest new buy?

Accepted Answer

Lindsell Train's largest new position in the Q2 '26 filing was KKR & CO INC (KKR) at $61.3M, representing 2.33% of the portfolio.

Question 3

How are these "buys" calculated?

Accepted Answer

Buys are derived from quarter-over-quarter changes in 13F filings. NEW positions are stocks not held in the previous quarter; INCREASED positions are existing holdings where share count grew. 13F filings have a ~45-day reporting lag from the SEC.

Ticker	Company	Shares	Value	% Portfolio
KKR	KKR & CO INC	667780	$61.3M	2.33%
WMG	WARNER MUSIC GROUP CORP	50000	$1.4M	0.05%

Ticker	Company	Shares	Value	% Portfolio	Change
V	VISA INC	10500	$3.6M	0.14%	+1.9%
SPGI	S&P GLOBAL INC	7400	$3.0M	0.11%	+1.4%
EFX	EQUIFAX INC	11800	$1.9M	0.07%	+2.6%
VRSK	VERISK ANALYTICS INC	9500	$1.7M	0.06%	+13.1%
NKE	NIKE INC	21000	$862K	0.03%	+1.0%

Lindsell Train — Recent Buys

New positions (2)

Increased positions (5)