13F filing recap · Q4 2023

What did Lindsell Train buy in Q4 2023?

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

Stock value

$5.16B

Positions

Estimated turnover

5.9%

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

GOOGAlphabet Inc.$2.35Mreported value+16.9K shares CZOOFCazoo Group Ltd$76.8Kreported value+37.3K shares

Increased positions

BF-ABrown-Forman Corp$174.99Mreported value+1.0K shares+0.0%VVisa Inc.$2.01Mreported value+400 shares+5.5%ELEstee Lauder Companies Inc$1.67Mreported value+900 shares+8.6%

Reduced positions

MDLZMondelez International, Inc.$1.22Breported value-656.6K shares-3.8%FICOFair Isaac Corp$704.10Mreported value-107.9K shares-15.2%INTUIntuit Inc.$684.77Mreported value-119.0K shares-9.8%PEPPepsico, Inc.$551.45Mreported value-75.5K shares

Exited positions

GOOGLAlphabet Inc.$2.20Mprior reported value-16.9K shares-100.0%CZOOCazoo Group Ltd$451.8Kprior reported value-829.0K shares-100.0%