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Nick Train Lindsell Train

AUM $2.63B
1-Year Est. Return 2.97%
 

Nick Train is a co-founder of Lindsell Train, a London-based firm known for concentrated ownership of high-quality consumer, media, and financial franchises. The firm favors long holding periods and businesses with durable brands or network effects. Train’s commentaries are popular among global quality investors.

This Fund
S&P 500
This Quarter Est. Return
+4.62%
1 Year Est. Return
+2.97%
3 Year Est. Return
+39.94%
5 Year Est. Return
+50.54%
10 Year Est. Return
+329.56%
AUM
$5.61B
AUM Growth
-$118M
Cap. Flow
-$345M
Cap. Flow %
-6.14%
Top 10 Hldgs %
99.12%
Holding
29
New
–
Increased
14
Reduced
6
Closed
–

Top Buys

Rank Stock Value
1
MANU icon
Manchester United
MANU
+$704K
2
SPGI icon
S&P Global
SPGI
+$548K
3
CME icon
CME Group
CME
+$499K
4
BF.A icon
Brown-Forman Class A
BF.A
+$391K
5
PYPL icon
PayPal
PYPL
+$341K

Top Sells

Rank Stock Value
1
WWE
World Wrestling Entertainment
WWE
+$111M
2
MDLZ icon
Mondelez International
MDLZ
+$92.6M
3
FICO icon
Fair Isaac
FICO
+$54.1M
4
PEP icon
PepsiCo
PEP
+$39.2M
5
INTU icon
Intuit
INTU
+$28.6M

Sector Composition

Rank Sector Weight
1 Consumer Staples 38.95%
2 Communication Services 26.05%
3 Technology 22.83%
4 Financials 6.56%
5 Consumer Discretionary 5.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HSY icon
26
Hershey
HSY
$37.5B
$1.27M 0.02%
5,100
– –
KO icon
27
Coca-Cola
KO
$392B
$1.27M 0.02%
21,100
– –
CZOO
28
DELISTED
Cazoo Group Ltd
CZOO
$978K 0.02%
8,290
– –
MSGS icon
29
Madison Square Garden
MSGS
$9.78B
$620K 0.01%
3,300
– –
1
2

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Nick Train's Q2 2023 Portfolio in Review

As of Q2 2023, Nick Train held 29 positions worth $5.61B, down 2.1% from $5.73B the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Nick Train withdrew a net $345M in Q2 2023, reducing 6 holdings. Its largest reduction was World Wrestling Entertainment, cutting an estimated $111M.

By sector, the portfolio is most concentrated in Consumer Staples at 39% of assets, down from 39% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Nick Train added an estimated $704K to Manchester United.

  • Nick Train added most to Manchester United in Q2 2023, an estimated $704K increase.
  • Nick Train's biggest Q2 2023 reduction was World Wrestling Entertainment, cutting an estimated $111M.
  • Nick Train's ten largest holdings make up 99% of its $5.61B portfolio in Q2 2023.
  • Nick Train opened 0 new positions and closed 0 in Q2 2023.
  • Nick Train's portfolio value fell 2.1% quarter-over-quarter to $5.61B.

Based on Lindsell Train's 13F filing for Q2 2023, filed 14 Aug 2023.