13F filing recap · Q4 2024

What did Lindsell Train buy in Q4 2024?

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

Stock value

$4.00B

Positions

Estimated turnover

19.6%

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.

Quarter in review

Lindsell Train opened a new position in Thermo Fisher Scientific and exited Johnson & Johnson and Kenvue. The firm trimmed several holdings, including Tko Group Holdings, Fair Isaac, Mondelez International, Walt Disney, Intuit, and Ebay. It also modestly reduced Pepsico, PayPal, Brown-Forman, and Manchester United.

New positions

TMOThermo Fisher Scientific Inc.$211.86Mreported value+407.2K shares

Reduced positions

TKOTko Group Holdings, Inc.$516.34Mreported value-888.2K shares-19.6%FICOFair Isaac Corp$508.72Mreported value-38.9K shares-13.2%MDLZMondelez International, Inc.$502.40Mreported value-1.80M shares-17.6%DISWalt Disney Co/$496.45Mreported value-993.0K shares

Exited positions

JNJJohnson & Johnson$982.9Kprior reported value-6.1K shares-100.0%KVUEKenvue Inc.$340.9Kprior reported value-14.7K shares-100.0%