How many stocks does Lindsell Train Ltd own?

As of Q2 2025, Lindsell Train Ltd holds 29 positions in their 13F portfolio.

What is Lindsell Train Ltd's largest holding?

TKO at 13.6% of portfolio, worth $577.4M.

What is Lindsell Train Ltd's total portfolio value?

$4.2B as of Q2 2025, tracked across 29 holdings.

Is Lindsell Train Ltd a hedge fund?

Lindsell Train Ltd is an institutional investment manager required to file SEC 13F reports. This includes hedge funds, mutual funds, pension funds, and other institutions managing over $100M.

How often does Lindsell Train Ltd report?

13F filings are due quarterly, approximately 45 days after each quarter end.

How has Lindsell Train Ltd's portfolio changed in Q2 2025?

View Lindsell Train Ltd's latest portfolio changes, new positions, and exits for Q2 2025 on HoldingsIntel.

What is Lindsell Train Ltd's investment strategy?

Lindsell Train Ltd is classified as a Concentrated Value fund based on HoldingsIntel's Fund DNA analysis of 6 behavioral dimensions.

Lindsell Train Ltd

Institutional investor · Portfolio as of Q2 2025

Q2 2025

SEC 13F snapshot

Top Holdings29 positions

Checking export access…

Activity:

				Price Trend
TKO TKO Group Holdings, Inc.	3.2M	$577.4M	13.6%	—	$82.02	+117.54%	8 qtrssince 2023-Q3	Decreased 0
INTU Intuit Inc.	665,786	$524.4M	12.4%	—	$251.11	+208.31%	23 qtrssince 2019-Q4	Decreased 0
DIS The Walt Disney Company	4.1M	$506.9M	11.9%	—	$132.23	-7.56%	23 qtrssince 2019-Q4	Decreased 0
FICO Fair Isaac Corporation	223,114	$407.8M	9.6%	—	$453.96	+302.67%	14 qtrssince 2022-Q1	Decreased 0
MDLZ Mondelez International, Inc.	5.7M	$385M	9.1%	—	$46.24	+39.71%	23 qtrssince 2019-Q4	Decreased 0
GOOGL Alphabet Inc.	2M	$357.4M	8.4%	—	$175.42	+0.11%	2 qtrssince 2025-Q1	Increased 98
TMO Thermo Fisher Scientific Inc	854,612	$346.5M	8.2%	—	$468.50	-13.84%	3 qtrssince 2024-Q4	Increased 90
PYPL PayPal Holdings, Inc.	4.5M	$336.5M	7.9%	—	$107.13	-31.39%	23 qtrssince 2019-Q4	Increased 66
PEP PepsiCo, Inc.	2.4M	$320.5M	7.6%	—	$112.48	+11.73%	23 qtrssince 2019-Q4	Decreased 0
EBAY eBay Inc.	3.3M	$244.6M	5.8%	—	$32.71	+124.07%	23 qtrssince 2019-Q4	Decreased 0
MANU Manchester United Ltd.	4.8M	$85.7M	2.0%	—	$19.07	-6.59%	23 qtrssince 2019-Q4	Decreased 0
BF/A Brown Forman Inc	2.7M	$75.1M	1.8%	—	$55.04	-52.12%	23 qtrssince 2019-Q4	Decreased 0
BF/B Brown Forman Inc	1.6M	$44.4M	1.0%	—	$47.53	-45.71%	23 qtrssince 2019-Q4	Increased 49
ORCL Oracle Corporation	17,500	$3.8M	0.1%	—	$51.65	+316.11%	21 qtrssince 2020-Q2	Decreased 0
V Visa Inc.	10,000	$3.6M	0.1%	—	$214.80	+63.39%	21 qtrssince 2020-Q2	Decreased 0
AXP American Express Company	10,200	$3.3M	0.1%	—	$87.73	+257.72%	21 qtrssince 2020-Q2	Decreased 0
SPGI S&P Global Inc.	5,900	$3.1M	0.1%	—	$314.52	+56.94%	21 qtrssince 2020-Q2	Unchanged 0
EFX Equifax, Inc.	10,300	$2.7M	0.1%	—	$169.30	+51.16%	21 qtrssince 2020-Q2	Unchanged 0
VRSK Verisk Analytics, Inc.	6,600	$2.1M	0.0%	—	$168.02	+83.24%	21 qtrssince 2020-Q2	Decreased 0
CME CME Group Inc.	7,400	$2M	0.0%	—	$139.58	+89.18%	21 qtrssince 2020-Q2	Decreased 0

$4.2B

AUM

Positions

Q2 2025

Filing

HI rating · 4.0/5

Quarterly 13F Value Change

Reported 13F value ($B)

Reported 13F values and quarter-over-quarter reported value changes; not investment returns.
Quarter	Reported value in US dollars	Reported value change
2024-Q1	$4,759,257,211	-7.69950695501%
2024-Q2	$4,334,516,778	-8.9245109934%
2024-Q3	$4,431,189,834	2.23030757409%
2024-Q4	$4,000,701,335	-9.71496404187%
2025-Q1	$3,614,010,966	-9.66556452533%
2025-Q2	$4,243,201,720	17.4097632774%

Activity profile

$ moved · Q2'25

New0%Increased58%Decreased42%Exited0%

Composition

Equity vs derivatives

Equity100%Puts0%Calls0%

Holding period

Avg 4.7 years

<1Q0%1-4Q7%1-2Y3%2Y+90%

Q2 2025 Summary

Increased 5, led by GOOGL (+2M shares); trimmed 16, led by INTU (−75,231 shares). Top move: GOOGL (INCREASED, conviction 98). Portfolio: $4.2B across 29 positions.

Portfolio Allocation

Top holdings by portfolio weight

TKO13.61%

INTU12.36%

DIS11.95%

FICO9.61%

MDLZ9.07%

GOOGL8.42%

TMO8.17%

PYPL7.93%

PEP7.55%

EBAY5.76%