13F filing recap · Q1 2018

What did Lindsell Train buy in Q1 2018?

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

Stock value

$3.78B

Positions

Estimated turnover

7.3%

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

BF.BBrown-Forman Corp$21.18Mreported value+389.3K shares

Increased positions

MDLZMondelez International, Inc.$979.46Mreported value+1.37M shares+6.2%PYPLPayPal Holdings, Inc.$491.45Mreported value+426.0K shares+7.0%INTUIntuit Inc.$426.13Mreported value+67.4K shares+2.8%DISWalt Disney Co/$376.51Mreported value+569.0K shares

Reduced positions

DPSDr Pepper Snapple Group, Inc.$378.77Mreported value-22.4K shares-0.7%KHCKraft Heinz Co$4.86Mreported value-183.0K shares-70.1%