Nick Train Lindsell Train
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$151M |
| 2 |
Kraft Heinz
KHC
|
+$69.2M |
| 3 |
Intuit
INTU
|
+$23M |
| 4 |
Mondelez International
MDLZ
|
+$20.6M |
| 5 |
Walt Disney
DIS
|
+$19.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$153M |
| 2 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$74.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 56.82% |
| 2 | Communication Services | 17.29% |
| 3 | Technology | 10.98% |
| 4 | Financials | 8.92% |
| 5 | Consumer Discretionary | 6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$82.3B
| $384M | 26.25% |
9,179,786
+478,000
| +5% | +$20.6M |
|
2
Keurig Dr Pepper
KDP
$43.6B
| $220M | 15.02% |
2,781,179
+45,000
| +2% | +$3.53M |
|
|
3
Walt Disney
DIS
$186B
| $169M | 11.54% |
1,652,869
+183,000
| +12% | +$19.9M |
|
|
4
Intuit
INTU
$100B
| $161M | 10.98% |
1,810,700
+237,200
| +15% | +$23M |
|
|
5
PayPal
PYPL
$52.7B
| $131M | 8.92% |
+4,205,600
| New | +$151M |
|
6
PepsiCo
PEP
$196B
| $96.1M | 6.56% |
1,018,850
+118,850
| +13% | +$11.3M |
|
|
WWE
7
DELISTED
World Wrestling Entertainment
WWE
| $84.2M | 5.75% |
4,984,352
+130,346
| +3% | +$2.44M |
|
|
8
eBay
EBAY
$46.3B
| $75.8M | 5.18% |
3,100,600
-5,706,282
| -65% | -$153M |
|
9
Brown-Forman Class A
BF.A
$13.3B
| $66.9M | 4.57% |
1,563,045
+32,500
| +2% | +$1.46M |
|
|
10
Kraft Heinz
KHC
$30.3B
| $64.7M | 4.42% |
+916,483
| New | +$69.2M |
|
|
ISCA
11
DELISTED
International Speedway Corp
ISCA
| $12M | 0.82% |
378,500
+28,000
| +8% | +$933K |
|
|
KRFT
12
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| – | – |
-879,983
| Closed | -$74.9M |
|
Similar funds
Nick Train's Q3 2015 Portfolio in Review
As of Q3 2015, Nick Train held 12 positions worth $1.46B, up 2.6% from $1.43B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Nick Train deployed $74.7M of net new capital in Q3 2015, opening 2 new positions and adding to 8 existing holdings. Its largest new stake was PayPal: 4,205,600 shares worth $131M.
By sector, the portfolio is most concentrated in Consumer Staples at 57% of assets, up from 50% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was eBay, an estimated $153M trimmed.
- Nick Train's largest Q3 2015 buy was PayPal: 4,205,600 shares worth $131M.
- Nick Train added most to Intuit in Q3 2015, an estimated $23M increase.
- Nick Train's biggest Q3 2015 reduction was eBay, cutting an estimated $153M.
- Nick Train fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $74.9M.
- Nick Train's ten largest holdings make up 99% of its $1.46B portfolio in Q3 2015.
- Nick Train opened 2 new positions and closed 1 in Q3 2015.
- Nick Train's portfolio value rose 2.6% quarter-over-quarter to $1.46B.
Based on Lindsell Train's 13F filing for Q3 2015, filed 10 Nov 2015.