PaperPanda Fund Terminal
Lindsell Train
Lindsell Train Ltd · CIK: 1484150 · Report Period: 2025-12-31 · Filed: 2026-02-11
Portfolio Concentration
Top 10 holdings by weight — hover for cross-investor insights
Loading chart data...
Holdings
Total: $3,943,390,802 · 28 positions
| # | Ticker | Issuer | Class | % of Portfolio | Value ($) | Shares | Activity | Share Change |
|---|---|---|---|---|---|---|---|---|
| 1 |
 GOOGL
|
ALPHABET INC | COM | 16.6% | $653,731,174 | 2,088,598 | REDUCE | -145,500 |
| 2 |
 TKO
|
TKO GROUP HOLDINGS INC | COM | 14.9% | $589,422,636 | 2,820,204 | REDUCE | -134,500 |
| 3 |
 INTU
|
INTUIT | COM | 10.2% | $404,242,467 | 610,251 | REDUCE | -1,559 |
| 4 |
 TMO
|
THERMO FISHER SCIENTIFIC INC | COM | 10.1% | $399,532,513 | 689,503 | REDUCE | -128,026 |
| 5 |
 DIS
|
DISNEY WALT CO | COM | 10.1% | $396,127,799 | 3,481,830 | REDUCE | -244,000 |
| 6 |
 FICO
|
FAIR ISAAC CORP | COM | 9.3% | $366,176,458 | 216,593 | REDUCE | -6,362 |
| 7 |
 PEP
|
PEPSICO INC | COM | 6.6% | $258,618,878 | 1,801,971 | REDUCE | -399,700 |
| 8 |
 PYPL
|
PAYPAL HLDGS INC | COM | 6.4% | $250,953,319 | 4,298,618 | REDUCE | -185,000 |
| 9 |
 MDLZ
|
MONDELEZ INTL INC | COM | 6.1% | $241,150,541 | 4,479,854 | REDUCE | -548,933 |
| 10 |
 EBAY
|
EBAY INC. | COM | 4.6% | $181,087,781 | 2,079,079 | REDUCE | -376,000 |
| 11 |
 BFA
|
BROWN FORMAN CORP | COM | 1.8% | $72,161,489 | 2,742,740 | - | - |
| 12 |
 MANU
|
MANCHESTER UTD PLC NEW | COM | 1.4% | $57,256,280 | 3,596,500 | REDUCE | -780,000 |
| 13 |
 BFB
|
BROWN FORMAN CORP | COM | 1.1% | $42,992,850 | 1,649,764 | - | - |
| 14 |
 AXP
|
AMERICAN EXPRESS CO | COM | 0.1% | $3,625,510 | 9,800 | REDUCE | -400 |
| 15 |
 SPGI
|
S&P GLOBAL INC | COM | 0.1% | $3,553,612 | 6,800 | ADD | +300 |
| 16 |
 V
|
VISA INC | COM | 0.1% | $3,507,100 | 10,000 | - | - |
| 17 |
 EFX
|
EQUIFAX INC | COM | 0.1% | $2,386,780 | 11,000 | ADD | +500 |
| 18 |
 CP
|
CANADIAN PACIFIC KANSAS CITY | COM | 0.1% | $2,208,900 | 30,000 | ADD | +1,500 |
| 19 |
 CME
|
CME GROUP INC | COM | 0.1% | $2,020,792 | 7,400 | - | - |
| 20 |
 ADBE
|
ADOBE INC | COM | 0.1% | $1,854,947 | 5,300 | ADD | +800 |
| 21 |
 ORCL
|
ORACLE CORP | COM | 0.0% | $1,754,190 | 9,000 | - | - |
| 22 |
 VRSK
|
VERISK ANALYTICS INC | COM | 0.0% | $1,677,675 | 7,500 | - | - |
| 23 |
 EL
|
LAUDER ESTEE COS INC | COM | 0.0% | $1,623,160 | 15,500 | - | - |
| 24 |
 NKE
|
NIKE INC | COM | 0.0% | $1,299,684 | 20,400 | - | - |
| 25 |
 TROW
|
PRICE T ROWE GROUP INC | COM | 0.0% | $1,228,560 | 12,000 | - | - |
Position Changes
8 quarters available
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -780,000 | -17.8% | 3,596,500 | $57,256,280 |
| 2 | AXP | AMERICAN EXPRESS CO | REDUCE | -400 | -3.9% | 9,800 | $3,625,510 |
| 3 | CP | CANADIAN PACIFIC KANSAS CITY | ADD | +1,500 | +5.3% | 30,000 | $2,208,900 |
| 4 | INTU | INTUIT | REDUCE | -1,559 | -0.3% | 610,251 | $404,242,467 |
| 5 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -134,500 | -4.6% | 2,820,204 | $589,422,636 |
| 6 | PEP | PEPSICO INC | REDUCE | -399,700 | -18.2% | 1,801,971 | $258,618,878 |
| 7 | CL | COLGATE PALMOLIVE CO | REDUCE | -400 | -2.7% | 14,600 | $1,153,692 |
| 8 | PYPL | PAYPAL HLDGS INC | REDUCE | -185,000 | -4.1% | 4,298,618 | $250,953,319 |
| 9 | GOOGL | ALPHABET INC | REDUCE | -145,500 | -6.5% | 2,088,598 | $653,731,174 |
| 10 | SPGI | S&P GLOBAL INC | ADD | +300 | +4.6% | 6,800 | $3,553,612 |
| 11 | DIS | DISNEY WALT CO | REDUCE | -244,000 | -6.5% | 3,481,830 | $396,127,799 |
| 12 | FICO | FAIR ISAAC CORP | REDUCE | -6,362 | -2.9% | 216,593 | $366,176,458 |
| 13 | EFX | EQUIFAX INC | ADD | +500 | +4.8% | 11,000 | $2,386,780 |
| 14 | TMO | THERMO FISHER SCIENTIFIC INC | REDUCE | -128,026 | -15.7% | 689,503 | $399,532,513 |
| 15 | EBAY | EBAY INC. | REDUCE | -376,000 | -15.3% | 2,079,079 | $181,087,781 |
| 16 | MDLZ | MONDELEZ INTL INC | REDUCE | -548,933 | -10.9% | 4,479,854 | $241,150,541 |
| 17 | ADBE | ADOBE INC | ADD | +800 | +17.8% | 5,300 | $1,854,947 |
| 18 | KO | COCA COLA CO | REDUCE | -1,500 | -8.1% | 17,000 | $1,188,470 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | VRSK | VERISK ANALYTICS INC | ADD | +900 | +13.6% | 7,500 | $1,886,325 |
| 2 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -433,500 | -9.0% | 4,376,500 | $66,260,210 |
| 3 | CP | CANADIAN PACIFIC KANSAS CITY | ADD | +15,200 | +114.3% | 28,500 | $2,122,965 |
| 4 | INTU | INTUIT | REDUCE | -53,976 | -8.1% | 611,810 | $417,811,167 |
| 5 | - | HERSHEY CO | SOLD | -5,100 | Exit | - | - |
| 6 | BFA | BROWN FORMAN CORP | ADD | +9,399 | +0.3% | 2,742,740 | $73,807,133 |
| 7 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -218,958 | -6.9% | 2,954,704 | $596,732,020 |
| 8 | PEP | PEPSICO INC | REDUCE | -225,539 | -9.3% | 2,201,671 | $309,202,675 |
| 9 | PYPL | PAYPAL HLDGS INC | REDUCE | -44,220 | -1.0% | 4,483,618 | $300,671,423 |
| 10 | GOOGL | ALPHABET INC | ADD | +205,875 | +10.2% | 2,234,098 | $543,109,224 |
| 11 | SPGI | S&P GLOBAL INC | ADD | +600 | +10.2% | 6,500 | $3,163,615 |
| 12 | DIS | DISNEY WALT CO | REDUCE | -361,446 | -8.8% | 3,725,830 | $426,607,535 |
| 13 | FICO | FAIR ISAAC CORP | REDUCE | -159 | -0.1% | 222,955 | $333,658,846 |
| 14 | EFX | EQUIFAX INC | ADD | +200 | +1.9% | 10,500 | $2,693,565 |
| 15 | TMO | THERMO FISHER SCIENTIFIC INC | REDUCE | -37,083 | -4.3% | 817,529 | $396,517,916 |
| 16 | EBAY | EBAY INC. | REDUCE | -829,575 | -25.3% | 2,455,079 | $223,289,435 |
| 17 | MDLZ | MONDELEZ INTL INC | REDUCE | -680,500 | -11.9% | 5,028,787 | $314,148,324 |
| 18 | ADBE | ADOBE INC | ADD | +940 | +26.4% | 4,500 | $1,587,375 |
| 19 | EL | LAUDER ESTEE COS INC | ADD | +1,075 | +7.5% | 15,500 | $1,365,860 |
| 20 | KO | COCA COLA CO | REDUCE | -500 | -2.6% | 18,500 | $1,226,920 |
| 21 | ORCL | ORACLE CORP | REDUCE | -8,500 | -48.6% | 9,000 | $2,531,160 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | VRSK | VERISK ANALYTICS INC | REDUCE | -700 | -9.6% | 6,600 | $2,055,900 |
| 2 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -243,000 | -4.8% | 4,810,000 | $85,666,100 |
| 3 | AXP | AMERICAN EXPRESS CO | REDUCE | -1,400 | -12.1% | 10,200 | $3,253,596 |
| 4 | CP | CANADIAN PACIFIC KANSAS CITY | ADD | +1,150 | +9.5% | 13,300 | $1,054,291 |
| 5 | INTU | INTUIT | REDUCE | -75,231 | -10.2% | 665,786 | $524,393,027 |
| 6 | BFA | BROWN FORMAN CORP | REDUCE | -18,986 | -0.7% | 2,733,341 | $75,084,877 |
| 7 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -220,715 | -6.5% | 3,173,662 | $577,447,801 |
| 8 | PEP | PEPSICO INC | REDUCE | -27,027 | -1.1% | 2,427,210 | $320,488,808 |
| 9 | CL | COLGATE PALMOLIVE CO | REDUCE | -5,100 | -25.4% | 15,000 | $1,363,500 |
| 10 | PYPL | PAYPAL HLDGS INC | ADD | +356,746 | +8.6% | 4,527,838 | $336,508,920 |
| 11 | GOOGL | ALPHABET INC | ADD | +2,009,998 | +11028.8% | 2,028,223 | $357,433,739 |
| 12 | DIS | DISNEY WALT CO | REDUCE | -193,565 | -4.5% | 4,087,276 | $506,863,097 |
| 13 | CME | CME GROUP INC | REDUCE | -1,200 | -14.0% | 7,400 | $2,039,588 |
| 14 | FICO | FAIR ISAAC CORP | REDUCE | -17,186 | -7.2% | 223,114 | $407,843,467 |
| 15 | ORCL | ORACLE CORP | REDUCE | -1,700 | -8.9% | 17,500 | $3,826,025 |
| 16 | TMO | THERMO FISHER SCIENTIFIC INC | ADD | +345,822 | +68.0% | 854,612 | $346,510,982 |
| 17 | BFB | BROWN FORMAN CORP | ADD | +74,338 | +4.7% | 1,649,764 | $44,395,149 |
| 18 | EBAY | EBAY INC. | REDUCE | -85,367 | -2.5% | 3,284,654 | $244,575,337 |
| 19 | MDLZ | MONDELEZ INTL INC | REDUCE | -309,435 | -5.1% | 5,709,287 | $385,034,315 |
| 20 | KO | COCA COLA CO | REDUCE | -2,100 | -10.0% | 19,000 | $1,344,250 |
| 21 | V | VISA INC | REDUCE | -1,200 | -10.7% | 10,000 | $3,550,500 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | ALPHABET INC | SOLD | -17,750 | Exit | - | - |
| 2 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -723,015 | -12.5% | 5,053,000 | $66,143,770 |
| 3 | CP | CANADIAN PACIFIC KANSAS CITY | NEW BUY | +12,150 | New | 12,150 | $853,052 |
| 4 | INTU | INTUIT | REDUCE | -28,600 | -3.7% | 741,017 | $454,977,028 |
| 5 | BFA | BROWN FORMAN CORP | REDUCE | -43,800 | -1.6% | 2,752,327 | $92,120,385 |
| 6 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -238,990 | -6.6% | 3,394,377 | $518,694,749 |
| 7 | PEP | PEPSICO INC | REDUCE | -102,100 | -4.0% | 2,454,237 | $367,988,296 |
| 8 | PYPL | PAYPAL HLDGS INC | REDUCE | -111,600 | -2.6% | 4,171,092 | $272,163,753 |
| 9 | GOOGL | ALPHABET INC | NEW BUY | +18,225 | New | 18,225 | $2,818,314 |
| 10 | DIS | DISNEY WALT CO | REDUCE | -177,600 | -4.0% | 4,280,841 | $422,519,007 |
| 11 | FICO | FAIR ISAAC CORP | REDUCE | -15,220 | -6.0% | 240,300 | $443,151,648 |
| 12 | TMO | THERMO FISHER SCIENTIFIC INC | ADD | +101,550 | +24.9% | 508,790 | $253,173,904 |
| 13 | BFB | BROWN FORMAN CORP | REDUCE | -59,100 | -3.6% | 1,575,426 | $53,469,958 |
| 14 | EBAY | EBAY INC. | REDUCE | -276,100 | -7.6% | 3,370,021 | $228,251,522 |
| 15 | MDLZ | MONDELEZ INTL INC | REDUCE | -2,392,500 | -28.4% | 6,018,722 | $408,370,288 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | JOHNSON & JOHNSON | SOLD | -6,065 | Exit | - | - |
| 2 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -594,985 | -9.3% | 5,776,015 | $100,213,860 |
| 3 | INTU | INTUIT | REDUCE | -146,574 | -16.0% | 769,617 | $483,704,285 |
| 4 | BFA | BROWN FORMAN CORP | REDUCE | -77,788 | -2.7% | 2,796,127 | $105,386,027 |
| 5 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -888,188 | -19.6% | 3,633,367 | $516,337,784 |
| 6 | PEP | PEPSICO INC | REDUCE | -213,274 | -7.7% | 2,556,337 | $388,716,604 |
| 7 | PYPL | PAYPAL HLDGS INC | REDUCE | -309,087 | -6.7% | 4,282,692 | $365,527,762 |
| 8 | DIS | DISNEY WALT CO | REDUCE | -992,971 | -18.2% | 4,458,441 | $496,447,405 |
| 9 | - | KENVUE INC | SOLD | -14,739 | Exit | - | - |
| 10 | FICO | FAIR ISAAC CORP | REDUCE | -38,923 | -13.2% | 255,520 | $508,722,434 |
| 11 | TMO | THERMO FISHER SCIENTIFIC INC | NEW BUY | +407,240 | New | 407,240 | $211,858,465 |
| 12 | BFB | BROWN FORMAN CORP | REDUCE | -5,479 | -0.3% | 1,634,526 | $62,079,297 |
| 13 | EBAY | EBAY INC. | REDUCE | -461,901 | -11.2% | 3,646,121 | $225,877,196 |
| 14 | MDLZ | MONDELEZ INTL INC | REDUCE | -1,799,206 | -17.6% | 8,411,222 | $502,402,290 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | ALPHABET INC | ADD | +900 | +5.3% | 17,750 | $2,943,838 |
| 2 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -760,283 | -10.7% | 6,371,000 | $103,082,780 |
| 3 | NKE | NIKE INC | ADD | +4,500 | +28.3% | 20,400 | $1,803,360 |
| 4 | INTU | INTUIT | REDUCE | -21,609 | -2.3% | 916,191 | $568,954,611 |
| 5 | BFA | BROWN FORMAN CORP | ADD | +30,340 | +1.1% | 2,873,915 | $138,177,833 |
| 6 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -551,247 | -10.9% | 4,521,555 | $559,361,569 |
| 7 | PEP | PEPSICO INC | REDUCE | -33,700 | -1.2% | 2,769,611 | $470,972,351 |
| 8 | PYPL | PAYPAL HLDGS INC | REDUCE | -22,080 | -0.5% | 4,591,779 | $358,296,515 |
| 9 | DIS | DISNEY WALT CO | ADD | +561,130 | +11.5% | 5,451,412 | $524,371,320 |
| 10 | FICO | FAIR ISAAC CORP | REDUCE | -153,978 | -34.3% | 294,443 | $572,255,859 |
| 11 | BFB | BROWN FORMAN CORP | ADD | +1,349,698 | +464.9% | 1,640,005 | $80,688,246 |
| 12 | EBAY | EBAY INC. | REDUCE | -268,000 | -6.1% | 4,108,022 | $267,473,312 |
| 13 | MDLZ | MONDELEZ INTL INC | REDUCE | -1,377,315 | -11.9% | 10,210,428 | $752,202,231 |
| 14 | EL | LAUDER ESTEE COS INC | ADD | +3,000 | +26.3% | 14,425 | $1,438,028 |
| 15 | V | VISA INC | ADD | +3,500 | +45.5% | 11,200 | $3,079,440 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -585,516 | -7.6% | 7,131,283 | $114,813,656 |
| 2 | INTU | INTUIT | REDUCE | -43,195 | -4.4% | 937,800 | $591,010,938 |
| 3 | - | CAZOO GROUP LTD | SOLD | -29,187 | Exit | - | - |
| 4 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -436,715 | -7.9% | 5,072,802 | $543,246,366 |
| 5 | PEP | PEPSICO INC | REDUCE | -213,470 | -7.1% | 2,803,311 | $469,246,228 |
| 6 | PYPL | PAYPAL HLDGS INC | REDUCE | -173,500 | -3.6% | 4,613,859 | $273,786,393 |
| 7 | DIS | DISNEY WALT CO | REDUCE | -166,200 | -3.3% | 4,890,282 | $499,737,918 |
| 8 | FICO | FAIR ISAAC CORP | REDUCE | -61,388 | -12.0% | 448,421 | $653,703,650 |
| 9 | EBAY | EBAY INC. | REDUCE | -307,000 | -6.6% | 4,376,022 | $236,130,147 |
| 10 | MDLZ | MONDELEZ INTL INC | REDUCE | -2,692,350 | -18.9% | 11,587,743 | $786,112,485 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MANU | MANCHESTER UTD PLC NEW | REDUCE | -3,382,377 | -30.5% | 7,716,799 | $109,038,370 |
| 2 | INTU | INTUIT | REDUCE | -114,169 | -10.4% | 980,995 | $636,626,515 |
| 3 | - | CAZOO GROUP LTD | REDUCE | -8,122 | -21.8% | 29,187 | - |
| 4 | BFA | BROWN FORMAN CORP | REDUCE | -94,895 | -3.2% | 2,843,575 | $150,965,397 |
| 5 | TKO | TKO GROUP HOLDINGS INC | REDUCE | -375,616 | -6.4% | 5,509,517 | $476,077,364 |
| 6 | PEP | PEPSICO INC | REDUCE | -229,929 | -7.1% | 3,016,781 | $523,743,349 |
| 7 | PYPL | PAYPAL HLDGS INC | REDUCE | -467,943 | -8.9% | 4,787,359 | $318,694,489 |
| 8 | DIS | DISNEY WALT CO | REDUCE | -498,208 | -9.0% | 5,056,482 | $611,783,757 |
| 9 | FICO | FAIR ISAAC CORP | REDUCE | -94,112 | -15.6% | 509,809 | $642,124,828 |
| 10 | EBAY | EBAY INC. | REDUCE | -894,849 | -16.0% | 4,683,022 | $243,189,332 |
| 11 | MDLZ | MONDELEZ INTL INC | REDUCE | -2,570,205 | -15.3% | 14,280,093 | $1,001,034,519 |
Loading deployment data...