13F filing recap · Q1 2026

What did Lindsell Train buy in Q1 2026?

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

Stock value

$3.14B

Positions

Estimated turnover

14.3%

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.

Quarter in review

Lindsell Train exited Price T Rowe Group entirely and trimmed several core positions, including Tko Group Holdings, Alphabet, Thermo Fisher Scientific, Mondelez International, Pepsico, and Manchester United. The firm added to Intuit and Fair Isaac, while also increasing Adobe and Verisk Analytics. Smaller reductions touched Walt Disney, PayPal, Ebay, and Brown-Forman, with modest additions to Visa, S&P Global, Equifax, and Nike.

Increased positions

INTUIntuit Inc.$317.24Mreported value+123.4K shares+20.2%FICOFair Isaac Corp$266.27Mreported value+32.8K shares+15.2%VVisa Inc.$3.11Mreported value+300 shares+3.0%SPGIS&P Global Inc.$3.10Mreported value+500 shares+7.4%

Reduced positions

TKOTko Group Holdings, Inc.$493.94Mreported value-370.7K shares-13.1%GOOGLAlphabet Inc.$490.19Mreported value-384.0K shares-18.4%DISWalt Disney Co/$309.03Mreported value-275.4K shares-7.9%TMOThermo Fisher Scientific Inc.$303.38Mreported value-72.3K shares

Exited positions

TROWPrice T Rowe Group Inc$1.23Mprior reported value-12.0K shares-100.0%