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
|
+$50.2M |
| 2 |
eBay
EBAY
|
+$27M |
| 3 |
Intuit
INTU
|
+$21.3M |
| 4 |
Walt Disney
DIS
|
+$19.9M |
| 5 |
WWE
World Wrestling Entertainment
WWE
|
+$14M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 45.32% |
| 2 | Consumer Discretionary | 17.7% |
| 3 | Communication Services | 17.22% |
| 4 | Technology | 12.1% |
| 5 | Miscellaneous | 7.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$85.5B
| $250M | 23.24% |
6,876,890
+1,378,500
| +25% | +$50.2M |
2013 Q2
6 quarters
|
|
|
2
eBay
EBAY
$53.1B
| $187M | 17.39% |
7,913,506
+1,188,476
| +18% | +$27M |
2013 Q2
6 quarters
|
|
3
Keurig Dr Pepper
KDP
$49.5B
| $184M | 17.12% |
2,567,179
+149,500
| +6% | +$10.4M |
2013 Q2
6 quarters
|
|
|
4
Walt Disney
DIS
$205B
| $138M | 12.83% |
1,463,869
+220,400
| +18% | +$19.9M |
2013 Q2
6 quarters
|
|
|
5
Intuit
INTU
$91.3B
| $130M | 12.1% |
1,410,500
+239,500
| +20% | +$21.3M |
2013 Q2
6 quarters
|
|
|
KRFT
6
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $82.3M | 7.66% |
1,313,896
+6,000
| +0.5% | +$351K |
2013 Q2
6 quarters
|
|
|
WWE
7
DELISTED
World Wrestling Entertainment
WWE
| $47.2M | 4.39% |
3,825,500
+1,115,500
| +41% | +$14M |
2013 Q2
6 quarters
|
|
8
Brown-Forman Class A
BF.A
$14.5B
| $47.1M | 4.38% |
1,341,795
+126,250
| +10% | +$4.53M |
2013 Q2
6 quarters
|
|
9
Hershey
HSY
$35B
| $6.21M | 0.58% |
59,750
| – | – |
2013 Q2
6 quarters
|
|
|
ISCA
10
DELISTED
International Speedway Corp
ISCA
| $3.28M | 0.31% |
103,708
+6,808
| +7% | +$211K |
2013 Q2
6 quarters
|
|
Similar funds
Lindsell Train's Q4 2014 Portfolio in Review
As of Q4 2014, Lindsell Train held 10 positions worth $1.07B, up 22% from $881M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Lindsell Train deployed $148M of net new capital in Q4 2014, adding to 9 existing holdings.
By sector, the portfolio is most concentrated in Consumer Staples at 45% of assets, up from 45% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Lindsell Train added most to Mondelez International in Q4 2014, an estimated $50.2M increase.
- Lindsell Train's ten largest holdings make up 100% of its $1.07B portfolio in Q4 2014.
- Lindsell Train opened 0 new positions and closed 0 in Q4 2014.
- Lindsell Train's portfolio value rose 22% quarter-over-quarter to $1.07B.
Based on Lindsell Train's 13F filing for Q4 2014, filed 3 Feb 2015.