Lindsell Train Ltd: PEPSICO (PEP): Quarterly 13F Position History
As of Q2 2026, Lindsell Train Ltd reported 1,023,706 shares of PEPSICO (PEP), worth $138.6M and representing 5.3% of its 13F equity book. Quarter-over-quarter share count change: 253,479 (-19.8%) . The position first appeared in Q2 2016 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 1,023,706Shares Held (Latest Filing)
- $138.6MReported Market Value (Latest Filing)
- 5.3%Portfolio Weight (% of 13F Equity Book)
- 253,479Quarter-over-Quarter Share Change
- -$59.7MQuarter-over-Quarter Value Change
- 5,930,310Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,023,706 | 253,479 | -19.8% | $138.6M | 5.3% | $135.4 |
| Q1 2026 | 1,277,185 | 524,786 | -29.1% | $198.3M | 6.3% | $155.3 |
| Q4 2025 | 1,801,971 | 399,700 | -18.2% | $258.6M | 6.6% | $143.5 |
| Q3 2025 | 2,201,671 | 225,539 | -9.3% | $309.2M | 7.6% | $140.4 |
| Q2 2025 | 2,427,210 | 27,027 | -1.1% | $320.5M | 7.6% | $132.0 |
| Q1 2025 | 2,454,237 | 102,100 | -4.0% | $368.0M | 10.2% | $149.9 |
| Q4 2024 | 2,556,337 | 213,274 | -7.7% | $388.7M | 9.7% | $152.1 |
| Q3 2024 | 2,769,611 | 33,700 | -1.2% | $471.0M | 10.6% | $170.1 |
| Q2 2024 | 2,803,311 | 213,470 | -7.1% | $469.2M | 10.8% | $167.4 |
| Q1 2024 | 3,016,781 | 229,929 | -7.1% | $523.7M | 11.0% | $173.6 |
| Q4 2023 | 3,246,710 | 75,500 | -2.3% | $551.5M | 10.7% | $169.8 |
| Q3 2023 | 3,322,210 | 76,000 | -2.2% | $562.9M | 11.3% | $169.4 |
| Q2 2023 | 3,398,210 | 210,300 | -5.8% | $629.3M | 11.2% | $185.2 |
| Q1 2023 | 3,608,510 | +45,400 | +1.3% | $657.8M | 11.5% | $182.3 |
| Q4 2022 | 3,563,110 | 161,750 | -4.3% | $643.7M | 12.2% | $180.7 |
| Q3 2022 | 3,724,860 | 120,000 | -3.1% | $608.3M | 12.4% | $163.3 |
| Q2 2022 | 3,844,860 | 684,000 | -15.1% | $640.9M | 12.6% | $166.7 |
| Q1 2022 | 4,528,860 | 416,750 | -8.4% | $757.9M | 11.9% | $167.4 |
| Q4 2021 | 4,945,610 | 684,700 | -12.2% | $859.1M | 12.4% | $173.7 |
| Q3 2021 | 5,630,310 | 300,000 | -5.1% | $846.9M | 11.7% | $150.4 |
| Q2 2021 | 5,930,310 | +137,000 | +2.4% | $878.7M | 11.4% | $148.2 |
| Q1 2021 | 5,793,310 | +664,286 | +13.0% | $819.5M | 11.5% | $141.5 |
| Q4 2020 | 5,129,024 | +135,200 | +2.7% | $760.6M | 11.0% | $148.3 |
| Q3 2020 | 4,993,824 | +40,500 | +0.8% | $692.1M | 11.2% | $138.6 |
| Q2 2020 | 4,953,324 | +511,100 | +11.5% | $655.1M | 10.9% | $132.3 |
| Q1 2020 | 4,442,224 | 511,000 | -10.3% | $533.5M | 11.4% | $120.1 |
| Q4 2019 | 4,953,224 | +203,678 | +4.3% | $677.0M | 10.8% | $136.7 |
| Q3 2019 | 4,749,546 | +196,363 | +4.3% | $651.3M | 11.0% | $137.1 |
| Q2 2019 | 4,553,183 | +290,000 | +6.8% | $596.6M | 10.1% | $131.0 |
| Q1 2019 | 4,263,183 | +702,000 | +19.7% | $522.3M | 10.1% | $122.5 |
| Q4 2018 | 3,561,183 | 110,000 | -3.0% | $393.4M | 9.5% | $110.5 |
| Q3 2018 | 3,671,183 | +198,183 | +5.7% | $410.4M | 9.3% | $111.8 |
| Q2 2018 | 3,473,000 | +298,000 | +9.4% | $378.1M | 9.4% | $108.9 |
| Q1 2018 | 3,175,000 | +583,000 | +22.5% | $346.6M | 9.2% | $109.1 |
| Q4 2017 | 2,592,000 | +208,000 | +8.7% | $310.8M | 8.9% | $119.9 |
| Q3 2017 | 2,384,000 | +399,000 | +20.1% | $265.6M | 8.9% | $111.4 |
| Q2 2017 | 1,985,000 | +260,000 | +15.1% | $229.2M | 8.9% | $115.5 |
| Q1 2017 | 1,725,000 | +77,500 | +4.7% | $193.0M | 8.4% | $111.9 |
| Q4 2016 | 1,647,500 | +356,850 | +27.6% | $172.4M | 8.5% | $104.6 |
| Q3 2016 | 1,290,650 | 0 | — | $136.7M | 7.4% | $105.9 |
| Q2 2016 | 1,290,650 | — | — | $136.7M | 7.4% | $105.9 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Lindsell Train Ltd first disclose a PEP position in 13F-HR filings?
Lindsell Train Ltd first reported PEPSICO (PEP) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was Lindsell Train Ltd's most recent quarter-over-quarter share-count change in PEP?
Between Q1 2026 and Q2 2026, Lindsell Train Ltd reduced its PEP position by 253,479 shares (-19.8%), leaving 1,023,706 shares at a market value of $138.6M.
Does the implied price-per-share represent Lindsell Train Ltd's cost basis in PEP?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.