Lindsell Train Ltd — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Lindsell Train Ltd increased allocation to 8 existing positions, trimmed 10 positions, and exited 1 position entirely. The fund's 13F equity book declined from $3.94B to $3.14B (-20.4% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $3.94BPrior quarter
- $3.14BCurrent quarter
- $-0.81BNet delta
- -20.4%% change
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| ADOBE INC | ADBE | +0.01% | +32.08% | Holders → |
| INTUIT | INTU | +-0.14% | +20.23% | History → |
| FAIR ISAAC CORP | FICO | +-0.80% | +15.16% | History → |
| VERISK ANALYTICS INC | VRSK | +0.01% | +12.00% | Holders → |
| S&P GLOBAL INC | SPGI | +0.01% | +7.35% | Holders → |
| EQUIFAX INC | EFX | +0.01% | +4.55% | Holders → |
| VISA INC | V | +0.01% | +3.00% | Holders → |
| NIKE INC | NKE | +0.00% | +1.96% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| COLGATE PALMOLIVE CO | CL | -0.00% | -31.51% | Holders → |
| COCA COLA CO | KO | -0.00% | -29.41% | Holders → |
| PEPSICO INC | PEP | -0.24% | -29.12% | History → |
| MONDELEZ INTL INC | MDLZ | 0.43% | -20.49% | History → |
| ALPHABET INC | GOOGL | -0.95% | -18.38% | History → |
| MADISON SQUARE GRDN SPRT COR | MSGS | 0.01% | -15.15% | Holders → |
| TKO GROUP HOLDINGS INC | TKO | 0.80% | -13.15% | History → |
| MANCHESTER UTD PLC NEW | MANU | 0.23% | -12.64% | Holders → |
| THERMO FISHER SCIENTIFIC INC | TMO | -0.46% | -10.48% | History → |
| AMERICAN EXPRESS CO | AXP | -0.01% | -8.16% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| PRICE T ROWE GROUP INC | TROW | 0.03% |
Methodology & FAQ
How Lindsell Train Ltd Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Lindsell Train Ltd against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Lindsell Train Ltd initiate in Q1 2026?
Lindsell Train Ltd established no new positions in Q1 2026.
Which existing positions saw the largest allocation increases for Lindsell Train Ltd in Q1 2026?
The largest portfolio-weight increases in existing positions were: ADOBE INC (ADBE, +0.01% weight, +32.08% shares), INTUIT (INTU, +-0.14% weight, +20.23% shares), FAIR ISAAC CORP (FICO, +-0.80% weight, +15.16% shares), VERISK ANALYTICS INC (VRSK, +0.01% weight, +12.00% shares), S&P GLOBAL INC (SPGI, +0.01% weight, +7.35% shares), EQUIFAX INC (EFX, +0.01% weight, +4.55% shares), VISA INC (V, +0.01% weight, +3.00% shares), NIKE INC (NKE, +0.00% weight, +1.96% shares).
Which positions did Lindsell Train Ltd fully exit in Q1 2026?
Lindsell Train Ltd fully exited 1 position in Q1 2026: PRICE T ROWE GROUP INC (TROW, last-reported weight 0.03%).
Which existing positions saw the largest allocation reductions for Lindsell Train Ltd in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: COLGATE PALMOLIVE CO (CL, -0.00% weight, -31.51% shares), COCA COLA CO (KO, -0.00% weight, -29.41% shares), PEPSICO INC (PEP, -0.24% weight, -29.12% shares), MONDELEZ INTL INC (MDLZ, 0.43% weight, -20.49% shares), ALPHABET INC (GOOGL, -0.95% weight, -18.38% shares), MADISON SQUARE GRDN SPRT COR (MSGS, 0.01% weight, -15.15% shares), TKO GROUP HOLDINGS INC (TKO, 0.80% weight, -13.15% shares), MANCHESTER UTD PLC NEW (MANU, 0.23% weight, -12.64% shares), THERMO FISHER SCIENTIFIC INC (TMO, -0.46% weight, -10.48% shares), AMERICAN EXPRESS CO (AXP, -0.01% weight, -8.16% 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.