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 |
PepsiCo
PEP
|
+$66.3M |
| 2 |
Walt Disney
DIS
|
+$60.5M |
| 3 |
Mondelez International
MDLZ
|
+$59.7M |
| 4 |
PayPal
PYPL
|
+$33.8M |
| 5 |
Brown-Forman Class B
BF.B
|
+$18.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brown-Forman Class A
BF.A
|
+$20.8M |
| 2 |
Kraft Heinz
KHC
|
+$13.1M |
| 3 |
Keurig Dr Pepper
KDP
|
+$2.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 47.93% |
| 2 | Communication Services | 20.75% |
| 3 | Financials | 12.99% |
| 4 | Technology | 11.26% |
| 5 | Consumer Discretionary | 7.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$82.3B
| $979M | 25.88% |
23,471,460
+1,373,500
| +6% | +$59.7M |
|
|
2
PayPal
PYPL
$52.7B
| $491M | 12.99% |
6,477,517
+426,000
| +7% | +$33.8M |
|
3
Intuit
INTU
$100B
| $426M | 11.26% |
2,458,200
+67,400
| +3% | +$11.3M |
|
|
4
Keurig Dr Pepper
KDP
$43.6B
| $379M | 10.01% |
3,199,643
-22,436
| -0.7% | -$2.49M |
|
|
5
Walt Disney
DIS
$186B
| $377M | 9.95% |
3,748,579
+569,000
| +18% | +$60.5M |
|
|
6
PepsiCo
PEP
$196B
| $347M | 9.16% |
3,175,000
+583,000
| +22% | +$66.3M |
|
|
WWE
7
DELISTED
World Wrestling Entertainment
WWE
| $257M | 6.79% |
7,132,868
| – | – |
|
8
eBay
EBAY
$46.3B
| $235M | 6.21% |
5,840,400
+49,200
| +0.8% | +$2.04M |
|
9
Manchester United
MANU
$4.1B
| $152M | 4.02% |
7,920,641
+183,624
| +2% | +$3.62M |
|
|
10
Brown-Forman Class A
BF.A
$13.3B
| $83M | 2.19% |
1,557,237
-389,309
| -20% | -$20.8M |
|
|
ISCA
11
DELISTED
International Speedway Corp
ISCA
| $32.8M | 0.87% |
743,400
+20,000
| +3% | +$870K |
|
|
12
Brown-Forman Class B
BF.B
$13.1B
| $21.2M | 0.56% |
+389,309
| New | +$18.5M |
|
|
13
Kraft Heinz
KHC
$30.3B
| $4.86M | 0.13% |
78,000
-183,000
| -70% | -$13.1M |
|
Similar funds
Nick Train's Q1 2018 Portfolio in Review
As of Q1 2018, Nick Train held 13 positions worth $3.78B, up 8.8% from $3.48B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Nick Train deployed $220M of net new capital in Q1 2018, opening 1 new position and adding to 8 existing holdings. Its largest new stake was Brown-Forman Class B: 389,309 shares worth $21.2M.
By sector, the portfolio is most concentrated in Consumer Staples at 48% of assets, down from 49% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Brown-Forman Class A, an estimated $20.8M trimmed.
- Nick Train's largest Q1 2018 buy was Brown-Forman Class B: 389,309 shares worth $21.2M.
- Nick Train added most to PepsiCo in Q1 2018, an estimated $66.3M increase.
- Nick Train's biggest Q1 2018 reduction was Brown-Forman Class A, cutting an estimated $20.8M.
- Nick Train's ten largest holdings make up 98% of its $3.78B portfolio in Q1 2018.
- Nick Train opened 1 new position and closed 0 in Q1 2018.
- Nick Train's portfolio value rose 8.8% quarter-over-quarter to $3.78B.
Based on Lindsell Train's 13F filing for Q1 2018, filed 15 May 2018.