We are live on !
Find out more
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
+13.8%
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
$5.26B
AUM Growth
+$338M
(+6.9%)
Cap. Flow
-$151M
Cap. Flow % of AUM
Cap. Flow %
-2.87%
Top 10 Holdings %
Top 10 Hldgs %
99.15%
Holding
29
New
–
Increased
4
Reduced
8
Closed
–
Avg Time Held
4.3
years
Top 10 Avg Time Held
7.8
years
Top 20 Avg Time Held
4.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fair Isaac
FICO
|
+$7.82M |
| 2 |
Manchester United
MANU
|
+$1.56M |
| 3 |
Adobe
ADBE
|
+$163K |
| 4 |
Estee Lauder
EL
|
+$140K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mondelez International
MDLZ
|
+$53.9M |
| 2 |
WWE
World Wrestling Entertainment
WWE
|
+$46.2M |
| 3 |
PepsiCo
PEP
|
+$28.9M |
| 4 |
Intuit
INTU
|
+$22.5M |
| 5 |
PayPal
PYPL
|
+$4.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 41.63% |
| 2 | Communication Services | 23.61% |
| 3 | Technology | 21.38% |
| 4 | Financials | 7.29% |
| 5 | Consumer Discretionary | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$84.3B
| $1.33B | 25.26% |
19,946,468
-853,000
| -4% | -$53.9M |
2013 Q2
38 quarters
|
|
|
2
PepsiCo
PEP
$194B
| $644M | 12.23% |
3,563,110
-161,750
| -4% | -$28.9M |
2015 Q2
30 quarters
|
|
|
3
Intuit
INTU
$90.9B
| $566M | 10.75% |
1,453,502
-56,700
| -4% | -$22.5M |
2013 Q2
38 quarters
|
|
|
4
Fair Isaac
FICO
$15.3B
| $557M | 10.58% |
931,762
+14,857
| +2% | +$7.82M |
2022 Q1
3 quarters
|
|
|
WWE
5
DELISTED
World Wrestling Entertainment
WWE
| $511M | 9.72% |
7,463,627
-611,429
| -8% | -$46.2M |
2013 Q2
38 quarters
|
|
6
Walt Disney
DIS
$204B
| $472M | 8.97% |
5,430,890
-16,400
| -0.3% | -$1.57M |
2013 Q2
38 quarters
|
|
|
7
PayPal
PYPL
$48.4B
| $377M | 7.16% |
5,289,702
-62,100
| -1% | -$4.97M |
2015 Q3
29 quarters
|
|
8
eBay
EBAY
$52.7B
| $312M | 5.93% |
7,519,871
-39,000
| -0.5% | -$1.62M |
2013 Q2
38 quarters
|
|
|
9
Manchester United
MANU
$3.94B
| $257M | 4.88% |
11,018,676
+93,500
| +0.9% | +$1.56M |
2017 Q3
21 quarters
|
|
10
Brown-Forman Class A
BF.A
$14.2B
| $192M | 3.66% |
2,927,970
-15,702
| -0.5% | -$1.07M |
2013 Q2
38 quarters
|
|
11
Brown-Forman Class B
BF.B
$13.8B
| $19.1M | 0.36% |
290,307
| – | – |
2018 Q1
19 quarters
|
|
12
DELISTED
Cazoo Group Ltd
CZOO
| $2.58M | 0.05% |
8,290
| – | – |
2021 Q4
4 quarters
|
|
|
13
Estee Lauder
EL
$40B
| $2.34M | 0.04% |
9,425
+625
| +7% | +$140K |
2020 Q2
10 quarters
|
|
14
Equifax
EFX
$21.9B
| $1.83M | 0.03% |
9,400
| – | – |
2020 Q2
10 quarters
|
|
15
American Express
AXP
$213B
| $1.71M | 0.03% |
11,600
| – | – |
2020 Q2
10 quarters
|
|
16
Nike
NKE
$56.1B
| $1.63M | 0.03% |
13,900
| – | – |
2020 Q2
10 quarters
|
|
17
Oracle
ORCL
$396B
| $1.52M | 0.03% |
18,600
| – | – |
2020 Q2
10 quarters
|
|
18
S&P Global
SPGI
$136B
| $1.47M | 0.03% |
4,400
| – | – |
2020 Q2
10 quarters
|
|
19
Visa
V
$784B
| $1.41M | 0.03% |
6,800
| – | – |
2020 Q2
10 quarters
|
|
20
Alphabet (Google) Class A
GOOGL
$3.67T
| $1.41M | 0.03% |
16,000
| – | – |
2020 Q2
10 quarters
|
|
21
Johnson & Johnson
JNJ
$683B
| $1.4M | 0.03% |
7,900
| – | – |
2020 Q2
10 quarters
|
|
22
Coca-Cola
KO
$419B
| $1.34M | 0.03% |
21,100
| – | – |
2020 Q2
10 quarters
|
|
23
Colgate-Palmolive
CL
$77.8B
| $1.33M | 0.03% |
16,900
| – | – |
2020 Q2
10 quarters
|
|
24
Hershey
HSY
$34.8B
| $1.18M | 0.02% |
5,100
| – | – |
2020 Q2
10 quarters
|
|
25
Verisk Analytics
VRSK
$26.5B
| $1.15M | 0.02% |
6,500
| – | – |
2020 Q2
10 quarters
|
|
Similar funds
OCMI
Nick Train's Q4 2022 Portfolio in Review
As of Q4 2022, Nick Train held 29 positions worth $5.26B, up 6.9% from $4.92B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Trading was light in Q4 2022: portfolio turnover was 0%. Nick Train opened no new positions and made no exits, leaving the 29-position portfolio largely intact.
By sector, the portfolio is most concentrated in Consumer Staples at 42% of assets, up from 40% a quarter earlier, followed by Communication Services and Technology.
- Nick Train added most to Fair Isaac in Q4 2022, an estimated $7.82M increase.
- Nick Train's biggest Q4 2022 reduction was Mondelez International, cutting an estimated $53.9M.
- Nick Train's ten largest holdings make up 99% of its $5.26B portfolio in Q4 2022.
- Nick Train opened 0 new positions and closed 0 in Q4 2022.
- Nick Train's portfolio value rose 6.9% quarter-over-quarter to $5.26B.
Based on Lindsell Train's 13F filing for Q4 2022, filed 27 Jan 2023.