Lindsell Train Ltd Long-Term Concentrated

CIK: 0001484150 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $3,943,391 (100.0% shares, 0.0% debt)

Holdings (28)

Increased Positions (4)

SPGI S&P GLOBAL INC 0.1%

Value ($000) $3,554 (+12.3%) Shares 6,800 (+4.6%) Est. Cost $333.53 Unrealized +48.2%

EFX EQUIFAX INC 0.1%

Value ($000) $2,387 (-11.4%) Shares 11,000 (+4.8%) Est. Cost $152.80 Unrealized +43.1%

ADBE ADOBE INC 0.0%

Value ($000) $1,855 (+16.9%) Shares 5,300 (+17.8%) Est. Cost $359.19 Unrealized -5.3%

CP CANADIAN PACIFIC KANSAS CITY 0.1%

Value ($000) $2,209 (+4.0%) Shares 30,000 (+5.3%) Est. Cost $75.86 Unrealized -3.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	6,800 (+4.6%)	$3,554 (+12.3%)	0.1%	$333.53	+48.2%	COM	78409V104
EFX	EQUIFAX INC	11,000 (+4.8%)	$2,387 (-11.4%)	0.1%	$152.80	+43.1%	COM	294429105
ADBE	ADOBE INC	5,300 (+17.8%)	$1,855 (+16.9%)	0.0%	$359.19	-5.3%	COM	00724F101
CP	CANADIAN PACIFIC KANSAS CITY	30,000 (+5.3%)	$2,209 (+4.0%)	0.1%	$75.86	-3.0%	COM	13646K108

Decreased Positions (13)

GOOGL ALPHABET INC 16.6%

Value ($000) $653,731 (+20.4%) Shares 2,088,598 (-6.5%) Est. Cost $167.66 Unrealized +70.3%

MDLZ MONDELEZ INTL INC 6.1%

Value ($000) $241,151 (-23.2%) Shares 4,479,854 (-10.9%) Est. Cost $35.25 Unrealized +61.9%

PEP PEPSICO INC 6.6%

Value ($000) $258,619 (-16.4%) Shares 1,801,971 (-18.2%) Est. Cost $94.64 Unrealized +54.2%

PYPL PAYPAL HLDGS INC 6.4%

Value ($000) $250,953 (-16.5%) Shares 4,298,618 (-4.1%) Est. Cost $74.88 Unrealized -13.4%

EBAY EBAY INC. 4.6%

Value ($000) $181,088 (-18.9%) Shares 2,079,079 (-15.3%) Est. Cost $27.79 Unrealized +210.7%

FICO FAIR ISAAC CORP 9.3%

Value ($000) $366,176 (+9.7%) Shares 216,593 (-2.9%) Est. Cost $459.42 Unrealized +274.7%

DIS DISNEY WALT CO 10.0%

Value ($000) $396,128 (-7.1%) Shares 3,481,830 (-6.5%) Est. Cost $100.24 Unrealized +9.3%

MANU MANCHESTER UTD PLC NEW 1.5%

Value ($000) $57,256 (-13.6%) Shares 3,596,500 (-17.8%) Est. Cost $18.27 Unrealized -11.6%

TKO TKO GROUP HOLDINGS INC 14.9%

Value ($000) $589,423 (-1.2%) Shares 2,820,204 (-4.6%) Est. Cost $99.79 Unrealized +94.2%

TMO THERMO FISHER SCIENTIFIC INC 10.1%

Value ($000) $399,533 (+0.8%) Shares 689,503 (-15.7%) Est. Cost $493.81 Unrealized +14.4%

AXP AMERICAN EXPRESS CO 0.1%

Value ($000) $3,626 (+7.0%) Shares 9,800 (-3.9%) Est. Cost $85.61 Unrealized +317.0%

CL COLGATE PALMOLIVE CO 0.0%

Value ($000) $1,154 (-3.8%) Shares 14,600 (-2.7%) Est. Cost $63.85 Unrealized +22.6%

KO COCA COLA CO 0.0%

Value ($000) $1,188 (-3.1%) Shares 17,000 (-8.1%) Est. Cost $38.72 Unrealized +79.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	2,088,598 (-6.5%)	$653,731 (+20.4%)	16.6%	$167.66	+70.3%	CAP STK CL A	02079K305
MDLZ	MONDELEZ INTL INC	4,479,854 (-10.9%)	$241,151 (-23.2%)	6.1%	$35.25	+61.9%	CL A	609207105
PEP	PEPSICO INC	1,801,971 (-18.2%)	$258,619 (-16.4%)	6.6%	$94.64	+54.2%	COM	713448108
PYPL	PAYPAL HLDGS INC	4,298,618 (-4.1%)	$250,953 (-16.5%)	6.4%	$74.88	-13.4%	COM	70450Y103
EBAY	EBAY INC.	2,079,079 (-15.3%)	$181,088 (-18.9%)	4.6%	$27.79	+210.7%	COM	278642103
FICO	FAIR ISAAC CORP	216,593 (-2.9%)	$366,176 (+9.7%)	9.3%	$459.42	+274.7%	COM	303250104
DIS	DISNEY WALT CO	3,481,830 (-6.5%)	$396,128 (-7.1%)	10.0%	$100.24	+9.3%	COM	254687106
MANU	MANCHESTER UTD PLC NEW	3,596,500 (-17.8%)	$57,256 (-13.6%)	1.5%	$18.27	-11.6%	ORD CL A	G5784H106
TKO	TKO GROUP HOLDINGS INC	2,820,204 (-4.6%)	$589,423 (-1.2%)	14.9%	$99.79	+94.2%	CL A	87256C101
TMO	THERMO FISHER SCIENTIFIC INC	689,503 (-15.7%)	$399,533 (+0.8%)	10.1%	$493.81	+14.4%	COM	883556102
AXP	AMERICAN EXPRESS CO	9,800 (-3.9%)	$3,626 (+7.0%)	0.1%	$85.61	+317.0%	COM	025816109
CL	COLGATE PALMOLIVE CO	14,600 (-2.7%)	$1,154 (-3.8%)	0.0%	$63.85	+22.6%	COM	194162103
KO	COCA COLA CO	17,000 (-8.1%)	$1,188 (-3.1%)	0.0%	$38.72	+79.2%	COM	191216100

Unchanged Positions (11)

INTU INTUIT 10.3%

Value ($000) $404,242 Shares 610,251 Est. Cost $126.79 Unrealized +421.1%

BF/B BROWN FORMAN CORP 1.1%

Value ($000) $42,993 Shares 1,649,764 Est. Cost $43.18 Unrealized -35.2%

BF/A BROWN FORMAN CORP 1.8%

Value ($000) $72,161 Shares 2,742,740 Est. Cost $36.08 Unrealized -23.1%

ORCL ORACLE CORP 0.0%

Value ($000) $1,754 Shares 9,000 Est. Cost $50.11 Unrealized +375.1%

EL LAUDER ESTEE COS INC 0.0%

Value ($000) $1,623 Shares 15,500 Est. Cost $148.19 Unrealized -34.7%

VRSK VERISK ANALYTICS INC 0.0%

Value ($000) $1,678 Shares 7,500 Est. Cost $171.13 Unrealized +31.7%

NKE NIKE INC 0.0%

Value ($000) $1,300 Shares 20,400 Est. Cost $85.91 Unrealized -24.4%

MSGS MADISON SQUARE GRDN SPRT COR 0.0%

Value ($000) $854 Shares 3,300 Est. Cost $165.18 Unrealized +37.8%

V VISA INC 0.1%

Value ($000) $3,507 Shares 10,000 Est. Cost $210.75 Unrealized +61.5%

CME CME GROUP INC 0.1%

Value ($000) $2,021 Shares 7,400 Est. Cost $151.63 Unrealized +78.6%

TROW PRICE T ROWE GROUP INC 0.0%

Value ($000) $1,229 Shares 12,000 Est. Cost $91.21 Unrealized +12.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INTU	INTUIT	610,251	$404,242	10.3%	$126.79	+421.1%	COM	461202103
BF/B	BROWN FORMAN CORP	1,649,764	$42,993	1.1%	$43.18	-35.2%	CL B	115637209
BF/A	BROWN FORMAN CORP	2,742,740	$72,161	1.8%	$36.08	-23.1%	CL A	115637100
ORCL	ORACLE CORP	9,000	$1,754	0.0%	$50.11	+375.1%	COM	68389X105
EL	LAUDER ESTEE COS INC	15,500	$1,623	0.0%	$148.19	-34.7%	CL A	518439104
VRSK	VERISK ANALYTICS INC	7,500	$1,678	0.0%	$171.13	+31.7%	COM	92345Y106
NKE	NIKE INC	20,400	$1,300	0.0%	$85.91	-24.4%	CL B	654106103
MSGS	MADISON SQUARE GRDN SPRT COR	3,300	$854	0.0%	$165.18	+37.8%	CL A	55825T103
V	VISA INC	10,000	$3,507	0.1%	$210.75	+61.5%	COM CL A	92826C839
CME	CME GROUP INC	7,400	$2,021	0.1%	$151.63	+78.6%	COM	12572Q105
TROW	PRICE T ROWE GROUP INC	12,000	$1,229	0.0%	$91.21	+12.0%	COM	74144T108