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 |
WWE
World Wrestling Entertainment
WWE
|
+$77.7M |
| 2 |
Intuit
INTU
|
+$56M |
| 3 |
Mondelez International
MDLZ
|
+$40.9M |
| 4 |
eBay
EBAY
|
+$39.8M |
| 5 |
PayPal
PYPL
|
+$38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ISCA
International Speedway Corp
ISCA
|
+$47.2M |
| 2 |
Brown-Forman Class B
BF.B
|
+$77.6K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 42.74% |
| 2 | Communication Services | 25.83% |
| 3 | Financials | 13.39% |
| 4 | Technology | 11.5% |
| 5 | Consumer Discretionary | 6.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$84.3B
| $1.82B | 29.1% |
33,002,436
+765,113
| +2% | +$40.9M |
2013 Q2
26 quarters
|
|
|
2
PayPal
PYPL
$48.4B
| $837M | 13.39% |
7,735,718
+364,366
| +5% | +$38M |
2015 Q3
17 quarters
|
|
3
Walt Disney
DIS
$204B
| $802M | 12.84% |
5,548,380
+130,812
| +2% | +$18.3M |
2013 Q2
26 quarters
|
|
|
4
Intuit
INTU
$90.9B
| $718M | 11.5% |
2,743,100
+214,021
| +8% | +$56M |
2013 Q2
26 quarters
|
|
5
PepsiCo
PEP
$194B
| $677M | 10.84% |
4,953,224
+203,678
| +4% | +$27.7M |
2015 Q2
18 quarters
|
|
|
WWE
6
DELISTED
World Wrestling Entertainment
WWE
| $586M | 9.38% |
9,036,138
+1,228,843
| +16% | +$77.7M |
2013 Q2
26 quarters
|
|
|
7
eBay
EBAY
$52.7B
| $409M | 6.54% |
11,316,771
+1,098,171
| +11% | +$39.8M |
2013 Q2
26 quarters
|
|
8
Manchester United
MANU
$3.94B
| $225M | 3.6% |
11,279,350
+79,496
| +0.7% | +$1.37M |
2017 Q3
9 quarters
|
|
9
Brown-Forman Class A
BF.A
$14.2B
| $156M | 2.49% |
2,479,431
+162,126
| +7% | +$10M |
2013 Q2
26 quarters
|
|
|
10
Brown-Forman Class B
BF.B
$13.8B
| $19.6M | 0.31% |
290,307
-1,195
| -0.4% | -$77.6K |
2018 Q1
7 quarters
|
|
|
ISCA
11
DELISTED
International Speedway Corp
ISCA
| – | – |
-1,049,100
| Closed | -$47.2M | – |
|
Similar funds
Nick Train's Q4 2019 Portfolio in Review
As of Q4 2019, Nick Train held 11 positions worth $6.25B, up 5.6% from $5.92B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Nick Train deployed $262M of net new capital in Q4 2019, adding to 9 existing holdings.
By sector, the portfolio is most concentrated in Consumer Staples at 43% of assets, down from 44% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Brown-Forman Class B, an estimated $77.6K trimmed.
- Nick Train added most to World Wrestling Entertainment in Q4 2019, an estimated $77.7M increase.
- Nick Train's biggest Q4 2019 reduction was Brown-Forman Class B, cutting an estimated $77.6K.
- Nick Train fully exited International Speedway Corp in Q4 2019, selling an estimated $47.2M.
- Nick Train's ten largest holdings make up 100% of its $6.25B portfolio in Q4 2019.
- Nick Train opened 0 new positions and closed 1 in Q4 2019.
- Nick Train's portfolio value rose 5.6% quarter-over-quarter to $6.25B.
Based on Lindsell Train's 13F filing for Q4 2019, filed 29 Jan 2020.