13F filing recap · Q4 2017

What did Lindsell Train buy in Q4 2017?

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

Stock value

$3.48B

Positions

Estimated turnover

7.8%

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.

Increased positions

MDLZMondelez International, Inc.$945.79Mreported value+2.15M shares+10.8%INTUIntuit Inc.$377.22Mreported value+21.0K shares+0.9%DISWalt Disney Co/$341.84Mreported value+217.3K shares+7.3%DPSDr Pepper Snapple Group, Inc.$312.74Mreported value+618.5K shares+23.8%PEPPepsico, Inc.$310.83Mreported value+208.0K shares+8.7%EBAYEbay Inc.$218.56Mreported value+680.0K shares+13.3%MANUManchester United Plc$153.19Mreported value+269.2K shares+3.6%

Reduced positions

PYPLPayPal Holdings, Inc.$445.51Mreported value-156.3K shares-2.5%WWEWorld Wrestling Entertainment Inc$218.12Mreported value-100.0K shares-1.4%KHCKraft Heinz Co$20.30Mreported value-20.0K shares-7.1%