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Focused investors/Lindsell Train

Lindsell Train

As of Q2 2026, Lindsell Train reported 28 long-equity positions worth $2.63B in aggregate.

Copy-investor backtest

Latest quarter
+1.95%
1-year
+0.82%
3-year
+20.66%
5-year
+6.66%
3-year vs S&P 500
-47.79%
5-year vs S&P 500
-62.61%
5-year top 5
+24.96%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Sells

These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q2 2026.

TickerSecurityActivity% portfolioSharesValueReported priceQ range
GOOGLALPHABET INCReduce -24.5%17.49%1,286,845$459.88M$357.37$289.45 - $408.61(57%)$297.39 -> $357.37
EBAYEBAY INC.Reduce -42.1%4.74%1,116,001$124.71M$111.75$90.54 - $119.31(74%)$93.13 -> $111.75
TKOTKO GROUP HOLDINGS INCReduce -14.3%16.07%2,098,862$422.52M$201.31$180.53 - $218.84(54%)$201.07 -> $201.31
MDLZMONDELEZ INTL INCReduce -28.0%5.64%2,565,453$148.39M$57.84$55.79 - $64.35(24%)$57.07 -> $57.84
DISDISNEY WALT COReduce -18.7%9.55%2,607,846$251.01M$96.25$95.09 - $110.48(8%)$96.56 -> $96.22
TMOTHERMO FISHER SCIENTIFIC INCReduce -16.6%9.81%514,512$257.96M$501.36$435.27 - $538.41(64%)$494.54 -> $501.36
PYPLPAYPAL HLDGS INCReduce -24.3%5.20%3,162,672$136.56M$43.18$40.20 - $52.30(25%)$44.63 -> $43.18
PEPPEPSICO INCReduce -19.9%5.27%1,023,706$138.61M$135.40$134.94 - $160.03(2%)$154.65 -> $135.40
FICOFAIR ISAAC CORPReduce -9.3%10.28%226,186$270.24M$1194.78$870.01 - $1323.35(72%)$1061.99 -> $1194.95
CLCOLGATE PALMOLIVE COSold0$0-
INTUINTUITReduce -9.1%6.62%666,883$174.06M$261.00$252.84 - $436.59(4%)$425.87 -> $261.00
BF-ABROWN FORMAN CORPReduce -17.4%2.22%2,134,789$58.41M$27.36$25.14 - $31.14(37%)$26.86 -> $27.30
MANUMANCHESTER UTD PLC NEWReduce -12.2%2.41%2,758,446$63.25M$22.93$16.69 - $24.22(83%)$16.99 -> $22.93
BF-BBROWN FORMAN CORPReduce -12.5%1.40%1,379,324$36.76M$26.65$24.60 - $31.24(31%)$26.51 -> $26.65
AXPAMERICAN EXPRESS COReduce -15.6%0.10%7,600$2.57M$338.25$292.58 - $352.46(76%)$301.45 -> $338.31