Michael Lindsell, Nick Train
Lindsell Train
Lindsell Train Portfolio 13F
Lindsell Train Holdings Activity
- Portfolio value:
- $4.08B≈ (-$167M≈)
- Previous value:
- $4.24B≈
- # of changes:
- 21
- New positions:
- 0
- Reported for:
- 30 Sep 2025 (Q3)
- Latest filing date:
- 12 Nov 2025
Lindsell Train has disclosed a total of 21 changes to the portfolio in the (2025 Q3) SEC report(s): increased the number of shares of 8, decreased the number of shares of 12 and completely sold out 1 position(s).
What stocks did Lindsell Train buy in 2025 Q3?
During 2025 Q3 Lindsell Train has bought 8 securities out of which top 5 purchases (by % change to portfolio) were (GOOGL) Alphabet Inc, CL-A (added shares +10.15%), (BF-A) Brown-Forman Corp (added shares +0.34%), (SPGI) S&P Global Inc (added shares +10.17%), (EFX) Equifax Inc (added shares +1.94%) and (CP) Canadian Pacific Kansas City Limited (added shares +114.29%).
In the 2025 Q3 report(s) the following changes have been made to the top investments: (TKO) TKO Group Holdings, Inc (reduced shares -6.90%), (GOOGL) Alphabet Inc, CL-A (added shares +10.15%), (DIS) Walt Disney Company (reduced shares -8.84%), (INTU) Intuit Inc (reduced shares -8.11%) and (TMO) Thermo Fisher Scientific Inc (reduced shares -4.34%).
21 results
| History | Ticker | Name |
% or activity |
Shares change |
Shares held after* |
% change to portfolio |
Reported price* |
% difference current price* |
% of portfolio |
Held since* | Held for* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Canadian Pacific Kansas City Limited
|
+114.29%
|
+15,200
|
28,500
|
+0.03%
|
$74.49
|
+19.35%($88.90)
|
0.05%
|
2025 Q1
|
≈ 0.75 years
|
|
|
|
Adobe Systems Incorporated
|
+26.40%
|
+940
|
4,500
|
+0.01%
|
$352.75
|
-29.45%($248.85)
|
0.04%
|
2020 Q2
|
≈ 5.50 years
|
|
|
|
Verisk Analytics Inc
|
+13.64%
|
+900
|
7,500
|
+0.01%
|
$251.51
|
-22.83%($194.10)
|
0.05%
|
2020 Q2
|
≈ 5.50 years
|
|
|
|
S&P Global Inc
|
+10.17%
|
+600
|
6,500
|
+0.01%
|
$486.71
|
-14.84%($414.48)
|
0.08%
|
2020 Q2
|
≈ 5.50 years
|
|
|
|
Alphabet Inc, CL-A
|
+10.15%
|
+205,875
|
2,234,098
|
+1.23%
|
$243.10
|
+45.52%($353.76)
|
13.32%
|
2025 Q1
|
≈ 0.75 years
|
|
|
|
Estee Lauder Companies Inc
|
+7.45%
|
+1,075
|
15,500
|
+0%
|
$88.12
|
-4.22%($84.40)
|
0.03%
|
2020 Q2
|
≈ 5.50 years
|
|
|
|
Equifax Inc
|
+1.94%
|
+200
|
10,500
|
+0%
|
$256.53
|
-32.22%($173.88)
|
0.07%
|
2020 Q2
|
≈ 5.50 years
|
|
|
|
Brown-Forman Corp
|
+0.34%
|
+9,399
|
2,742,740
|
+0.01%
|
$26.91
|
+7.97%($29.06)
|
1.81%
|
2013 Q2 or earlier
|
≈ 12.50+ years
|
|
|
|
Fair Isaac Corp
|
-0.07%
|
-159
|
222,955
|
-0.01%
|
$1,496.53
|
-25.19%($1,119.57)
|
8.18%
|
2022 Q1
|
≈ 3.75 years
|
|
|
|
PayPal Holdings Inc
|
-0.98%
|
-44,220
|
4,483,618
|
-0.07%
|
$67.06
|
-14.70%($57.20)
|
7.38%
|
2015 Q3
|
≈ 10.25 years
|
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted.