Lindsell Train Ltd 13F: Quarter-over-Quarter Portfolio Changes
Lindsell Train Ltd reported a disclosed portfolio value of approximately $2.6 billion in its latest SEC Form 13F-HR filing for Q2 2026, down 16.2% quarter on quarter. Over the quarter, the manager initiated 2 new positions, bought more shares in 5 holdings, trimmed 14 holdings, and exited 1 position.
Lindsell Train Ltd's top buy was a new stake in Kkr & CO INC (KKR) , equal to 2.3% of the disclosed portfolio. Its top sell was Ebay INC. (EBAY) . The manager sold 42.1% of its previously reported shares, reducing the position's portfolio weight by 0.8 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| KKR & CO INC | KKR | 2.3% | Holders → |
| WARNER MUSIC GROUP CORP | WMG | 0.1% | Holders → |
Top BuysQ2 2026
The manager's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| VERISK ANALYTICS, INC. | VRSK | +0.0% | +13.1% | Holders → |
| EQUIFAX INC | EFX | +0.0% | +2.6% | Holders → |
| VISA INC-CLASS A SHRS | V | +0.0% | +1.9% | Holders → |
| S&P GLOBAL INC | SPGI | +0.0% | +1.4% | Holders → |
| NIKE INC | NKE | +-0.0% | +1.0% | Holders → |
Top SellsQ2 2026
Showing the top 10 sells among 14 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| EBAY INC. | EBAY | -0.8% | 42.1% | History → |
| MONDELEZ INTL INC | MDLZ | -0.9% | 28.0% | History → |
| ALPHABET INC-CL A | GOOGL | 1.9% | 24.5% | History → |
| PAYPAL HLDGS INC | PYPL | -0.8% | 24.3% | History → |
| PEPSICO INC | PEP | -1.1% | 19.8% | History → |
| DISNEY WALT CO | DIS | -0.3% | 18.7% | History → |
| BROWN-FORMAN CORP CL A | BF/A | 0.0% | 17.4% | – |
| THERMO FISHER SCIENTIFIC INC | TMO | 0.1% | 16.6% | History → |
| AMERICAN EXPRESS CO | AXP | 0.0% | 15.6% | Holders → |
| TKO GROUP HOLDINGS INC | TKO | 0.3% | 14.3% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| COLGATE-PALMOLIVE CO. | CL | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $3.1BPrior quarter
- $2.6BCurrent quarter
- $-0.5BNet delta
- -16.2%% change
Methodology & FAQ
How Lindsell Train Ltd Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Lindsell Train Ltd: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Lindsell Train Ltd buy in Q2 2026?
In Q2 2026, Lindsell Train Ltd initiated 2 new positions (KKR & CO INC (KKR), WARNER MUSIC GROUP CORP (WMG)); bought more shares of VERISK ANALYTICS, INC. (VRSK), EQUIFAX INC (EFX), VISA INC-CLASS A SHRS (V), S&P GLOBAL INC (SPGI), NIKE INC (NKE).
What stocks did Lindsell Train Ltd sell in Q2 2026?
In Q2 2026, Lindsell Train Ltd fully sold 1 position (COLGATE-PALMOLIVE CO. (CL)); reduced holdings in EBAY INC. (EBAY), MONDELEZ INTL INC (MDLZ), ALPHABET INC-CL A (GOOGL), PAYPAL HLDGS INC (PYPL), PEPSICO INC (PEP) (the largest 5 of 14 reductions).
Which positions did Lindsell Train Ltd initiate in Q2 2026?
Lindsell Train Ltd established 2 new positions in Q2 2026: KKR & CO INC (KKR, 2.3%), WARNER MUSIC GROUP CORP (WMG, 0.1%).
Which existing positions saw the largest allocation increases for Lindsell Train Ltd in Q2 2026?
Of 5 existing positions with share-count increases in Q2 2026, the largest were: VERISK ANALYTICS, INC. (VRSK, +0.0% weight, +13.1% shares), EQUIFAX INC (EFX, +0.0% weight, +2.6% shares), VISA INC-CLASS A SHRS (V, +0.0% weight, +1.9% shares), S&P GLOBAL INC (SPGI, +0.0% weight, +1.4% shares), NIKE INC (NKE, +-0.0% weight, +1.0% shares).
Which positions did Lindsell Train Ltd fully exit in Q2 2026?
Lindsell Train Ltd fully exited 1 position in Q2 2026: COLGATE-PALMOLIVE CO. (CL, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Lindsell Train Ltd in Q2 2026?
Of 14 existing positions with share-count reductions in Q2 2026, the largest were: EBAY INC. (EBAY, -0.8% weight, -42.1% shares), MONDELEZ INTL INC (MDLZ, -0.9% weight, -28.0% shares), ALPHABET INC-CL A (GOOGL, 1.9% weight, -24.5% shares), PAYPAL HLDGS INC (PYPL, -0.8% weight, -24.3% shares), PEPSICO INC (PEP, -1.1% weight, -19.8% shares), DISNEY WALT CO (DIS, -0.3% weight, -18.7% shares), BROWN-FORMAN CORP CL A (BF/A, 0.0% weight, -17.4% shares), THERMO FISHER SCIENTIFIC INC (TMO, 0.1% weight, -16.6% shares), AMERICAN EXPRESS CO (AXP, 0.0% weight, -15.6% shares), TKO GROUP HOLDINGS INC (TKO, 0.3% weight, -14.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.