13F filing recap · Q3 2017

What did Lindsell Train buy in Q3 2017?

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

Stock value

$2.97B

Positions

Estimated turnover

16.5%

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

MANUManchester United Plc$134.42Mreported value+7.47M shares

Increased positions

MDLZMondelez International, Inc.$811.20Mreported value+3.09M shares+18.3%INTUIntuit Inc.$336.84Mreported value+162.0K shares+7.3%DISWalt Disney Co/$291.99Mreported value+439.0K shares+17.4%PEPPepsico, Inc.$265.65Mreported value+399.0K shares

Reduced positions

PYPLPayPal Holdings, Inc.$397.48Mreported value-81.5K shares-1.3%DPSDr Pepper Snapple Group, Inc.$230.34Mreported value-10.0K shares-0.4%KHCKraft Heinz Co$21.79Mreported value-639.0K shares-69.5%