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Nick Train Lindsell Train
AUM
$2.36B
Turnover
0%
1-Year Est. Return
0.68%
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.
This Fund
S&P 500
This Quarter Est. Return
+10.62%
1 Year Est. Return
-0.68%
3 Year Est. Return
+48.85%
5 Year Est. Return
+55.45%
10 Year Est. Return
+323.2%
AUM
$7.73B
AUM Growth
+$638M
(+9%)
Cap. Flow
-$60.5M
Cap. Flow % of AUM
Cap. Flow %
-0.78%
Top 10 Holdings %
Top 10 Hldgs %
99.66%
Holding
27
New
–
Increased
4
Reduced
4
Closed
–
Avg Time Held
3.1
years
Top 10 Avg Time Held
6.5
years
Top 20 Avg Time Held
3.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$70.4M |
| 2 |
PepsiCo
PEP
|
+$20M |
| 3 |
eBay
EBAY
|
+$6.58M |
| 4 |
WWE
World Wrestling Entertainment
WWE
|
+$1.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mondelez International
MDLZ
|
+$84.3M |
| 2 |
Intuit
INTU
|
+$49.9M |
| 3 |
PayPal
PYPL
|
+$22.3M |
| 4 |
Manchester United
MANU
|
+$2.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 38.45% |
| 2 | Communication Services | 23.29% |
| 3 | Financials | 16.03% |
| 4 | Technology | 13.67% |
| 5 | Consumer Discretionary | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$84B
| $1.87B | 24.13% |
29,893,035
-1,368,000
| -4% | -$84.3M |
2013 Q2
32 quarters
|
|
|
2
PayPal
PYPL
$48.8B
| $1.23B | 15.92% |
4,224,262
-84,250
| -2% | -$22.3M |
2015 Q3
23 quarters
|
|
|
3
Intuit
INTU
$94.1B
| $1.05B | 13.63% |
2,150,706
-115,100
| -5% | -$49.9M |
2013 Q2
32 quarters
|
|
|
4
Walt Disney
DIS
$195B
| $983M | 12.71% |
5,592,990
+391,250
| +8% | +$70.4M |
2013 Q2
32 quarters
|
|
|
5
PepsiCo
PEP
$191B
| $879M | 11.36% |
5,930,310
+137,000
| +2% | +$20M |
2015 Q2
24 quarters
|
|
|
6
eBay
EBAY
$53.1B
| $656M | 8.48% |
9,342,871
+105,000
| +1% | +$6.58M |
2013 Q2
32 quarters
|
|
|
WWE
7
DELISTED
World Wrestling Entertainment
WWE
| $643M | 8.31% |
11,102,514
+27,000
| +0.2% | +$1.53M |
2013 Q2
32 quarters
|
|
8
Brown-Forman Class A
BF.A
$14.2B
| $201M | 2.6% |
2,848,271
| – | – |
2013 Q2
32 quarters
|
|
|
9
Manchester United
MANU
$3.69B
| $173M | 2.23% |
11,372,266
-155,000
| -1% | -$2.49M |
2017 Q3
15 quarters
|
|
10
Brown-Forman Class B
BF.B
$13.8B
| $21.8M | 0.28% |
290,307
| – | – |
2018 Q1
13 quarters
|
|
11
Estee Lauder
EL
$38B
| $2.8M | 0.04% |
8,800
| – | – |
2020 Q2
4 quarters
|
|
12
Equifax
EFX
$22.6B
| $2.25M | 0.03% |
9,400
| – | – |
2020 Q2
4 quarters
|
|
13
Nike
NKE
$58.1B
| $2.15M | 0.03% |
13,900
| – | – |
2020 Q2
4 quarters
|
|
14
Alphabet (Google) Class A
GOOGL
$3.43T
| $1.95M | 0.03% |
16,000
| – | – |
2020 Q2
4 quarters
|
|
15
American Express
AXP
$220B
| $1.92M | 0.02% |
11,600
| – | – |
2020 Q2
4 quarters
|
|
16
T. Rowe Price
TROW
$22.6B
| $1.9M | 0.02% |
9,600
| – | – |
2020 Q2
4 quarters
|
|
17
S&P Global
SPGI
$138B
| $1.81M | 0.02% |
4,400
| – | – |
2020 Q2
4 quarters
|
|
18
Adobe
ADBE
$97.9B
| $1.46M | 0.02% |
2,500
| – | – |
2020 Q2
4 quarters
|
|
19
Oracle
ORCL
$361B
| $1.45M | 0.02% |
18,600
| – | – |
2020 Q2
4 quarters
|
|
20
Visa
V
$795B
| $1.38M | 0.02% |
5,900
| – | – |
2020 Q2
4 quarters
|
|
21
Colgate-Palmolive
CL
$77.4B
| $1.38M | 0.02% |
16,900
| – | – |
2020 Q2
4 quarters
|
|
22
Johnson & Johnson
JNJ
$651B
| $1.3M | 0.02% |
7,900
| – | – |
2020 Q2
4 quarters
|
|
23
CME Group
CME
$110B
| $1.19M | 0.02% |
5,600
| – | – |
2020 Q2
4 quarters
|
|
24
Coca-Cola
KO
$412B
| $1.14M | 0.01% |
21,100
| – | – |
2020 Q2
4 quarters
|
|
25
Verisk Analytics
VRSK
$26.2B
| $1.14M | 0.01% |
6,500
| – | – |
2020 Q2
4 quarters
|
|
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OCMI
Nick Train's Q2 2021 Portfolio in Review
As of Q2 2021, Nick Train held 27 positions worth $7.73B, up 9% from $7.1B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Trading was light in Q2 2021: portfolio turnover was 0%. Nick Train opened no new positions and made no exits, leaving the 27-position portfolio largely intact.
By sector, the portfolio is most concentrated in Consumer Staples at 38% of assets, down from 40% a quarter earlier, followed by Communication Services and Financials.
- Nick Train added most to Walt Disney in Q2 2021, an estimated $70.4M increase.
- Nick Train's biggest Q2 2021 reduction was Mondelez International, cutting an estimated $84.3M.
- Nick Train's ten largest holdings make up 100% of its $7.73B portfolio in Q2 2021.
- Nick Train opened 0 new positions and closed 0 in Q2 2021.
- Nick Train's portfolio value rose 9% quarter-over-quarter to $7.73B.
Based on Lindsell Train's 13F filing for Q2 2021, filed 13 Aug 2021.