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
|
+$133M |
| 2 |
PepsiCo
PEP
|
+$67.4M |
| 3 |
Walt Disney
DIS
|
+$46.4M |
| 4 |
WWE
World Wrestling Entertainment
WWE
|
+$29.1M |
| 5 |
Intuit
INTU
|
+$23.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 41.41% |
| 2 | Communication Services | 21.67% |
| 3 | Financials | 16.02% |
| 4 | Technology | 12.09% |
| 5 | Consumer Discretionary | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$82.3B
| $1.66B | 27.58% |
32,397,758
+2,582,122
| +9% | +$133M |
|
|
2
PayPal
PYPL
$52.7B
| $956M | 15.92% |
5,489,712
-1,178,006
| -18% | -$163M |
|
|
3
Intuit
INTU
$100B
| $724M | 12.06% |
2,445,353
+86,753
| +4% | +$23.8M |
|
|
4
Walt Disney
DIS
$186B
| $690M | 11.48% |
6,186,792
+420,412
| +7% | +$46.4M |
|
|
5
PepsiCo
PEP
$196B
| $655M | 10.91% |
4,953,324
+511,100
| +12% | +$67.4M |
|
6
eBay
EBAY
$46.3B
| $524M | 8.72% |
9,984,871
+18,450
| +0.2% | +$780K |
|
|
WWE
7
DELISTED
World Wrestling Entertainment
WWE
| $428M | 7.12% |
9,842,238
+679,100
| +7% | +$29.1M |
|
8
Manchester United
MANU
$4.1B
| $183M | 3.04% |
11,537,692
+238,529
| +2% | +$3.82M |
|
9
Brown-Forman Class A
BF.A
$13.3B
| $153M | 2.55% |
2,661,833
+163,700
| +7% | +$9.55M |
|
|
10
Brown-Forman Class B
BF.B
$13.1B
| $18.5M | 0.31% |
290,307
| – | – |
|
11
Estee Lauder
EL
$36.9B
| $1.66M | 0.03% |
+8,800
| New | +$1.57M |
|
12
Equifax
EFX
$22.6B
| $1.62M | 0.03% |
+9,400
| New | +$1.39M |
|
13
S&P Global
SPGI
$127B
| $1.45M | 0.02% |
+4,400
| New | +$1.32M |
|
14
Nike
NKE
$60.5B
| $1.36M | 0.02% |
+13,900
| New | +$1.28M |
|
15
Colgate-Palmolive
CL
$72.6B
| $1.24M | 0.02% |
+16,900
| New | +$1.2M |
|
16
T. Rowe Price
TROW
$23.8B
| $1.19M | 0.02% |
+9,600
| New | +$1.09M |
|
17
Visa
V
$693B
| $1.14M | 0.02% |
+5,900
| New | +$1.08M |
|
18
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.13M | 0.02% |
+16,000
| New | +$1.08M |
|
19
Johnson & Johnson
JNJ
$651B
| $1.11M | 0.02% |
+7,900
| New | +$1.15M |
|
20
Verisk Analytics
VRSK
$24.4B
| $1.11M | 0.02% |
+6,500
| New | +$1.03M |
|
21
American Express
AXP
$227B
| $1.1M | 0.02% |
+11,600
| New | +$1.07M |
|
22
Adobe
ADBE
$109B
| $1.09M | 0.02% |
+2,500
| New | +$926K |
|
23
Oracle
ORCL
$422B
| $1.03M | 0.02% |
+18,600
| New | +$985K |
|
24
Coca-Cola
KO
$392B
| $943K | 0.02% |
+21,100
| New | +$972K |
|
25
CME Group
CME
$98.9B
| $861K | 0.01% |
+5,300
| New | +$950K |
|
Similar funds
Nick Train's Q2 2020 Portfolio in Review
As of Q2 2020, Nick Train held 27 positions worth $6.01B, up 28% from $4.69B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Nick Train's Q2 2020 filing shows 17 new, 8 increased and 1 reduced positions. Its largest new stake was Estee Lauder: 8,800 shares worth $1.66M. The largest sale was PayPal, an estimated $163M.
By sector, the portfolio is most concentrated in Consumer Staples at 41% of assets, down from 46% a quarter earlier, followed by Communication Services and Financials.
- Nick Train's largest Q2 2020 buy was Estee Lauder: 8,800 shares worth $1.66M.
- Nick Train added most to Mondelez International in Q2 2020, an estimated $133M increase.
- Nick Train's biggest Q2 2020 reduction was PayPal, cutting an estimated $163M.
- Nick Train's ten largest holdings make up 100% of its $6.01B portfolio in Q2 2020.
- Nick Train opened 17 new positions and closed 0 in Q2 2020.
- Nick Train's portfolio value rose 28% quarter-over-quarter to $6.01B.
Based on Lindsell Train's 13F filing for Q2 2020, filed 13 Aug 2020.