Lindsell Train Ltd
SEC Form 13F institutional filer · CIK 0001484150
13F-HR · 22 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$3.08B
Top-10 concentration
95.7%
Lindsell Train Ltd — $3.08B AUM allocation strategy
Lindsell Train Ltd files SEC Form 13F and reports $3.08B of long US equity value across 22 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 42.0%, followed by Information Technology 19.1% and Consumer Staples 16.7%.
The top 10 holdings account for 96% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Lindsell Train Ltd — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$3.08B
total across 22 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
96% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$INTU +123K sh · −$87M+$FICO +32.8K sh · −$99.9M+$ADBE +1.7K sh · −$153K
Biggest trims (shares)
−$MDLZ −918K sh · −$35.8M−$PEP −525K sh · −$60.3M−$GOOG −384K sh · −$164M
Added from nil (new positions)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Movies & Entertainment26.1%—
- Application Software19.1%—
- Interactive Media & Services15.9%—
- Life Sciences Tools & Services9.9%—
- Packaged Foods & Meats6.7%—
- Soft Drinks & Non-alcoholic Beverages6.4%—
- Transaction & Payment Processing Services6.2%—
- Broadline Retail5.7%—
- Other holdings4.1%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $TKO | TKO Group Holdings Inc | 2.45M | $494M | -371K | 16.0% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 1.7M | $490M | -384K | 15.9% |
| $INTU | Intuit Inc | 734K | $317M | +123K | 10.3% |
| $DIS | Walt Disney Company | 3.21M | $309M | -275K | 10.0% |
| $TMO | Thermo Fisher Scientific Inc | 617K | $303M | -72.3K | 9.9% |
| $FICO | Fair Isaac Corporation | 249K | $266M | +32.8K | 8.6% |
| $MDLZ | Mondelez International Inc | 3.56M | $205M | -918K | 6.7% |
| $PEP | PepsiCo Inc | 1.28M | $198M | -525K | 6.4% |
| $PYPL | PayPal Holdings Inc | 4.18M | $189M | -119K | 6.1% |
| $EBAY | eBay Inc | 1.93M | $175M | -152K | 5.7% |
…and 12 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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