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 |
Mondelez International
MDLZ
|
+$131M |
| 2 |
Manchester United
MANU
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$46.1M |
| 4 |
Walt Disney
DIS
|
+$45.2M |
| 5 |
Intuit
INTU
|
+$22.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kraft Heinz
KHC
|
+$53.4M |
| 2 |
PayPal
PYPL
|
+$4.88M |
| 3 |
Keurig Dr Pepper
KDP
|
+$907K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 47.68% |
| 2 | Communication Services | 20.1% |
| 3 | Financials | 13.39% |
| 4 | Technology | 11.34% |
| 5 | Consumer Discretionary | 7.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$82.3B
| $811M | 27.32% |
19,950,710
+3,086,000
| +18% | +$131M |
|
|
2
PayPal
PYPL
$52.7B
| $397M | 13.39% |
6,207,767
-81,490
| -1% | -$4.88M |
|
|
3
Intuit
INTU
$100B
| $337M | 11.34% |
2,369,800
+162,000
| +7% | +$22.4M |
|
|
4
Walt Disney
DIS
$186B
| $292M | 9.83% |
2,962,229
+439,000
| +17% | +$45.2M |
|
|
5
PepsiCo
PEP
$196B
| $266M | 8.95% |
2,384,000
+399,000
| +20% | +$46.1M |
|
|
6
Keurig Dr Pepper
KDP
$43.6B
| $230M | 7.76% |
2,603,579
-10,000
| -0.4% | -$907K |
|
7
eBay
EBAY
$46.3B
| $197M | 6.62% |
5,111,200
+369,000
| +8% | +$13.4M |
|
|
WWE
8
DELISTED
World Wrestling Entertainment
WWE
| $170M | 5.74% |
7,232,868
+150,000
| +2% | +$3.22M |
|
|
9
Manchester United
MANU
$4.1B
| $134M | 4.53% |
+7,467,829
| New | +$126M |
|
10
Brown-Forman Class A
BF.A
$13.3B
| $86.7M | 2.92% |
1,946,546
+208,170
| +12% | +$8.78M |
|
|
ISCA
11
DELISTED
International Speedway Corp
ISCA
| $26M | 0.88% |
723,400
+90,000
| +14% | +$3.14M |
|
|
12
Kraft Heinz
KHC
$30.3B
| $21.8M | 0.73% |
281,000
-639,000
| -69% | -$53.4M |
|
Similar funds
Nick Train's Q3 2017 Portfolio in Review
As of Q3 2017, Nick Train held 12 positions worth $2.97B, up 15% from $2.58B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Nick Train deployed $340M of net new capital in Q3 2017, opening 1 new position and adding to 8 existing holdings. Its largest new stake was Manchester United: 7,467,829 shares worth $134M.
By sector, the portfolio is most concentrated in Consumer Staples at 48% of assets, down from 52% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Kraft Heinz, an estimated $53.4M trimmed.
- Nick Train's largest Q3 2017 buy was Manchester United: 7,467,829 shares worth $134M.
- Nick Train added most to Mondelez International in Q3 2017, an estimated $131M increase.
- Nick Train's biggest Q3 2017 reduction was Kraft Heinz, cutting an estimated $53.4M.
- Nick Train's ten largest holdings make up 98% of its $2.97B portfolio in Q3 2017.
- Nick Train opened 1 new position and closed 0 in Q3 2017.
- Nick Train's portfolio value rose 15% quarter-over-quarter to $2.97B.
Based on Lindsell Train's 13F filing for Q3 2017, filed 31 Oct 2017.