13F filing recap · Q3 2015

What did Lindsell Train buy in Q3 2015?

Reported stock-position changes between this filing and the previous one.

Stock value

$1.46B

Positions

Estimated turnover

25.2%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

PYPLPayPal Holdings, Inc.$130.54Mreported value+4.21M shares KHCKraft Heinz Co$64.69Mreported value+916.5K shares

Increased positions

MDLZMondelez International, Inc.$384.36Mreported value+478.0K shares+5.5%DPSDr Pepper Snapple Group, Inc.$219.85Mreported value+45.0K shares+1.6%DISWalt Disney Co/$168.92Mreported value+183.0K shares+12.5%INTUIntuit Inc.$160.70Mreported value+237.2K shares

Reduced positions

EBAYEbay Inc.$75.78Mreported value-606.0K shares-16.3%

Exited positions

KFTKraft Foods Group Inc$74.92Mprior reported value-880.0K shares-100.0%