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
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mondelez International
MDLZ
|
+$188M |
| 2 |
Fair Isaac
FICO
|
+$118M |
| 3 |
Intuit
INTU
|
+$72.9M |
| 4 |
Manchester United
MANU
|
+$59.6M |
| 5 |
Walt Disney
DIS
|
+$52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 35.65% |
| 2 | Technology | 26.96% |
| 3 | Communication Services | 25.22% |
| 4 | Financials | 6.92% |
| 5 | Consumer Discretionary | 5.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mondelez International
MDLZ
$82.3B
| $1B | 21.03% |
14,280,093
-2,570,205
| -15% | -$188M |
|
|
2
Fair Isaac
FICO
$25.3B
| $642M | 13.49% |
509,809
-94,112
| -16% | -$118M |
|
|
3
Intuit
INTU
$100B
| $637M | 13.38% |
980,995
-114,169
| -10% | -$72.9M |
|
|
4
Walt Disney
DIS
$186B
| $612M | 12.85% |
5,056,482
-498,208
| -9% | -$52M |
|
5
PepsiCo
PEP
$196B
| $524M | 11% |
3,016,781
-229,929
| -7% | -$38.7M |
|
6
TKO Group
TKO
$14.1B
| $476M | 10% |
5,509,517
-375,616
| -6% | -$31.3M |
|
7
PayPal
PYPL
$52.7B
| $319M | 6.7% |
4,787,359
-467,943
| -9% | -$28.7M |
|
8
eBay
EBAY
$46.3B
| $243M | 5.11% |
4,683,022
-894,849
| -16% | -$40.7M |
|
9
Brown-Forman Class A
BF.A
$13.3B
| $151M | 3.17% |
2,843,575
-94,895
| -3% | -$5.42M |
|
|
10
Manchester United
MANU
$4.1B
| $109M | 2.29% |
7,716,799
-3,382,377
| -30% | -$59.6M |
|
|
11
Brown-Forman Class B
BF.B
$13.1B
| $15.1M | 0.32% |
290,307
| – | – |
|
12
Equifax
EFX
$22.6B
| $2.7M | 0.06% |
10,300
| – | – |
|
13
American Express
AXP
$227B
| $2.64M | 0.06% |
11,600
| – | – |
|
14
Alphabet (Google) Class C
GOOG
$4.18T
| $2.54M | 0.05% |
16,850
| – | – |
|
15
S&P Global
SPGI
$127B
| $2.49M | 0.05% |
5,900
| – | – |
|
16
Oracle
ORCL
$422B
| $2.4M | 0.05% |
19,200
| – | – |
|
17
Visa
V
$693B
| $2.15M | 0.05% |
7,700
| – | – |
|
18
CME Group
CME
$98.9B
| $1.85M | 0.04% |
8,600
| – | – |
|
19
Colgate-Palmolive
CL
$72.6B
| $1.81M | 0.04% |
20,100
| – | – |
|
20
Adobe
ADBE
$109B
| $1.8M | 0.04% |
3,560
| – | – |
|
21
Verisk Analytics
VRSK
$24.4B
| $1.71M | 0.04% |
7,300
| – | – |
|
22
Estee Lauder
EL
$36.9B
| $1.66M | 0.03% |
11,425
| – | – |
|
23
Nike
NKE
$60.5B
| $1.5M | 0.03% |
15,900
| – | – |
|
24
T. Rowe Price
TROW
$23.8B
| $1.45M | 0.03% |
12,000
| – | – |
|
25
Coca-Cola
KO
$392B
| $1.29M | 0.03% |
21,100
| – | – |
|
Similar funds
Nick Train's Q1 2024 Portfolio in Review
As of Q1 2024, Nick Train held 30 positions worth $4.76B, down 7.7% from $5.16B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Nick Train withdrew a net $635M in Q1 2024, reducing 11 holdings. Its largest reduction was Mondelez International, cutting an estimated $188M.
By sector, the portfolio is most concentrated in Consumer Staples at 36% of assets, down from 38% a quarter earlier, followed by Technology and Communication Services.
- Nick Train's biggest Q1 2024 reduction was Mondelez International, cutting an estimated $188M.
- Nick Train's ten largest holdings make up 99% of its $4.76B portfolio in Q1 2024.
- Nick Train opened 0 new positions and closed 0 in Q1 2024.
- Nick Train's portfolio value fell 7.7% quarter-over-quarter to $4.76B.
Based on Lindsell Train's 13F filing for Q1 2024, filed 10 May 2024.