Lindsell Train Ltd

CIK 0001484150 · Q1 2026

13F Equity AUM

$3.1B

-20.4% QoQ

Positions

-1 QoQ

AUM Rank

#1,349

Top 11%

Skill Alpha (FF)

+2.9%/yr^ns

No Clear Edge

Rank #930 · Top 11%

vs S&P -0.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 61.0%Top 10: 94.0%Top 20: 99.8%

TKO15.8%

GOOGL15.6%

INTU10.1%

DIS9.8%

TMO9.7%

FICO8.5%

MDLZ6.5%

PEP6.3%

PYPL6.0%

EBA5.6%

Others (17)6.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Communication Services42.9%

Technology18.7%

Consumer Defensive15.2%

Healthcare9.7%

Financial Services6.4%

Consumer Discretionary5.6%

Other1.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 27Median: 0.10%Avg: 3.70%

0–0.5%

14(0.8%)

0.5–1%

0(0.0%)

1–3%

3(5.2%)

3–5%

0(0.0%)

5%+

10(94.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 27Unique: 0vs 20 funds

0.4%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.5%

JPMORGAN CHASE & CO

0.6%

BANK OF AMERICA CORP /DE/

0.6%

BlackRock, Inc.

0.7%

VANGUARD CAPITAL MANAGEMENT LLC

0.8%

STATE STREET CORP

0.8%

GEODE CAPITAL MANAGEMENT, LLC

0.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.9%

FMR LLC

0.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased8Decreased17Exited1

Increased

INTU10.1%

+123K(+20%)

FICO8.5%

+33K(+15%)

ADBE0.1%

+2K(+32%)

VRSK0.1%

+900(+12%)

SPGI0.1%

+500(+7%)

EFX0.1%

+500(+5%)

NKE0.0%

+400(+2%)

V0.1%

+300(+3%)

Decreased

MDLZ6.5%

-917,890(-20%)

PEP6.3%

-524,786(-29%)

MANU1.7%

-454,500(-13%)

GOOGL15.6%

-383,959(-18%)

TKO15.8%

-370,736(-13%)

DIS9.8%

-275,423(-8%)

BF/A2.2%

-157,518(-6%)

EBA5.6%

-151,594(-7%)

PYPL6.0%

-118,995(-3%)

BF/B1.3%

-73,715(-4%)

Exited

TROW

-12,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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