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
|
+$121M |
| 2 |
Intuit
INTU
|
+$17.7M |
| 3 |
PayPal
PYPL
|
+$9.7M |
| 4 |
PepsiCo
PEP
|
+$8.31M |
| 5 |
Walt Disney
DIS
|
+$6.78M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keurig Dr Pepper
KDP
|
+$10.1M |
| 2 |
The Kraft Heinz Company
KHC
|
+$4.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 53.33% |
| 2 | Communication Services | 16.78% |
| 3 | Financials | 11.79% |
| 4 | Technology | 10.78% |
| 5 | Consumer Discretionary | 7.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$84.4B
| $625M | 27.27% |
14,507,710
+2,740,400
| +23% | +$121M |
2013 Q2
15 quarters
|
|
|
2
PayPal
PYPL
$49.4B
| $270M | 11.79% |
6,281,983
+232,200
| +4% | +$9.7M |
2015 Q3
6 quarters
|
|
|
3
Keurig Dr Pepper
KDP
$52.1B
| $256M | 11.17% |
2,613,579
-108,400
| -4% | -$10.1M |
2013 Q2
15 quarters
|
|
|
4
Intuit
INTU
$91.6B
| $247M | 10.78% |
2,130,800
+147,600
| +7% | +$17.7M |
2013 Q2
15 quarters
|
|
|
5
Walt Disney
DIS
$207B
| $234M | 10.2% |
2,060,941
+61,600
| +3% | +$6.78M |
2013 Q2
15 quarters
|
|
|
6
PepsiCo
PEP
$196B
| $193M | 8.42% |
1,725,000
+77,500
| +5% | +$8.31M |
2015 Q2
7 quarters
|
|
|
WWE
7
DELISTED
World Wrestling Entertainment
WWE
| $151M | 6.59% |
6,796,233
+98,552
| +1% | +$2.02M |
2013 Q2
15 quarters
|
|
8
eBay
EBAY
$53.9B
| $148M | 6.45% |
4,402,200
+27,000
| +0.6% | +$878K |
2013 Q2
15 quarters
|
|
|
9
The Kraft Heinz Company
KHC
$28.7B
| $83.5M | 3.65% |
920,000
-49,983
| -5% | -$4.51M |
2015 Q3
6 quarters
|
|
10
Brown-Forman Class A
BF.A
$14.2B
| $65M | 2.83% |
1,725,045
+99,500
| +6% | +$3.78M |
2013 Q2
15 quarters
|
|
|
ISCA
11
DELISTED
International Speedway Corp
ISCA
| $19.7M | 0.86% |
533,400
+8,200
| +2% | +$303K |
2013 Q2
15 quarters
|
|
Similar funds
Lindsell Train's Q1 2017 Portfolio in Review
As of Q1 2017, Lindsell Train held 11 positions worth $2.29B, up 13% from $2.04B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Lindsell Train deployed $156M of net new capital in Q1 2017, adding to 9 existing holdings.
By sector, the portfolio is most concentrated in Consumer Staples at 53% of assets, down from 53% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Keurig Dr Pepper, an estimated $10.1M trimmed.
- Lindsell Train added most to Mondelez International in Q1 2017, an estimated $121M increase.
- Lindsell Train's biggest Q1 2017 reduction was Keurig Dr Pepper, cutting an estimated $10.1M.
- Lindsell Train's ten largest holdings make up 99% of its $2.29B portfolio in Q1 2017.
- Lindsell Train opened 0 new positions and closed 0 in Q1 2017.
- Lindsell Train's portfolio value rose 13% quarter-over-quarter to $2.29B.
Based on Lindsell Train's 13F filing for Q1 2017, filed 8 May 2017.