13F filing recap · Q2 2026

What did Lindsell Train buy in Q2 2026?

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

Stock value

$2.63B

Positions

Estimated turnover

24.0%

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 positions in KKR & Co. and Warner Music Group while exiting Colgate-Palmolive. The period also saw trims across a number of holdings, including Alphabet, TKO Group Holdings, Thermo Fisher Scientific, Walt Disney, Mondelez International, PepsiCo, and PayPal. eBay was reduced substantially. On the buying side, the investor added slightly to Visa, S&P Global, Equifax, and Nike, and increased Verisk Analytics.

New positions

KKRKkr & Co. Inc.$61.29Mreported value+667.8K shares WMGWarner Music Group Corp.$1.35Mreported value+50.0K shares

Increased positions

VVisa Inc.$3.60Mreported value+200 shares+1.9%SPGIS&P Global Inc.$3.01Mreported value+100 shares+1.4%EFXEquifax Inc$1.87Mreported value+300 shares+2.6%VRSKVerisk Analytics, Inc.$1.71Mreported value+1.1K shares

Reduced positions

GOOGLAlphabet Inc.$459.88Mreported value-417.8K shares-24.5%TKOTko Group Holdings, Inc.$422.52Mreported value-350.6K shares-14.3%FICOFair Isaac Corp$270.24Mreported value-23.2K shares-9.3%TMOThermo Fisher Scientific Inc.$257.96Mreported value-102.7K shares

Exited positions

CLColgate-Palmolive Company$852.3Kprior reported value-10.0K shares-100.0%