Lindsell Train Portfolio holdings
Lindsell Train is a British equity manager that picks only a few stocks and holds them for a long time, favouring established companies with loyal customers such as Burberry, Nintendo and Diageo. Michael Lindsell and Nick Train founded it in 2000, after meeting while working at GT Management. Its first outside client, at the end of 2000, was the Finsbury Growth & Income Trust, and in 2001 it launched the Lindsell Train Investment Trust, listed in London. The firm argues that durable, cash-generating businesses are rare and are undervalued by other investors most of the time. It runs UK, Japanese, global, North American and international equity strategies, and its clients are institutions.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mondelez International
MDLZ
|
+$95M |
| 2 |
eBay
EBAY
|
+$86.5M |
| 3 |
Keurig Dr Pepper
KDP
|
+$79M |
| 4 |
Walt Disney
DIS
|
+$49.6M |
| 5 |
Intuit
INTU
|
+$49M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 44.98% |
| 2 | Consumer Discretionary | 19.09% |
| 3 | Communication Services | 15.03% |
| 4 | Technology | 11.24% |
| 5 | Miscellaneous | 9.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$84.5B
| $89.1M | 20.22% |
+3,121,990
| New | +$95M |
2013 Q2
0 quarters
|
|
|
2
eBay
EBAY
$53.8B
| $83.1M | 18.86% |
+3,813,036
| New | +$86.5M |
2013 Q2
0 quarters
|
|
|
3
Keurig Dr Pepper
KDP
$52B
| $76.4M | 17.36% |
+1,664,279
| New | +$79M |
2013 Q2
0 quarters
|
|
|
4
Walt Disney
DIS
$206B
| $49.6M | 11.26% |
+785,269
| New | +$49.6M |
2013 Q2
0 quarters
|
|
|
5
Intuit
INTU
$92.2B
| $49.5M | 11.24% |
+811,300
| New | +$49M |
2013 Q2
0 quarters
|
|
|
KRFT
6
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $42.5M | 9.66% |
+761,762
| New | +$40.9M |
2013 Q2
0 quarters
|
|
7
Brown-Forman Class A
BF.A
$14.1B
| $28M | 6.36% |
+1,037,545
| New | +$29.6M |
2013 Q2
0 quarters
|
|
|
WWE
8
DELISTED
World Wrestling Entertainment
WWE
| $16.6M | 3.77% |
+1,610,000
| New | +$15M |
2013 Q2
0 quarters
|
|
9
Hershey
HSY
$35.3B
| $4.58M | 1.04% |
+51,250
| New | +$4.53M |
2013 Q2
0 quarters
|
|
|
ISCA
10
DELISTED
International Speedway Corp
ISCA
| $1.01M | 0.23% |
+32,000
| New | +$1.07M |
2013 Q2
0 quarters
|
|
Similar funds
Lindsell Train's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Lindsell Train, which disclosed 10 positions worth $440M. Its ten largest holdings account for 100% of the portfolio.
Its largest position is Mondelez International: 3,121,990 shares worth $89.1M.
By sector, the portfolio is most concentrated in Consumer Staples at 45% of assets, followed by Consumer Discretionary and Communication Services.
- Lindsell Train's largest Q2 2013 buy was Mondelez International: 3,121,990 shares worth $89.1M.
- Lindsell Train's ten largest holdings make up 100% of its $440M portfolio in Q2 2013.
- Lindsell Train disclosed 10 positions in Q2 2013, its first 13F filing on record.
Based on Lindsell Train's 13F filing for Q2 2013, filed 7 Aug 2013.