# Lindsell Train portfolio: Q2 2026 13F holdings | moatshark

Nick Train and Michael Lindsell’s Lindsell Train: $2.6bn in 27 US holdings at Q2 2026, with buys and sells.

In Q2 2026, Lindsell Train held 27 US-listed stocks worth $2.6bn. Its biggest move was cutting Intuit (9% fewer shares, now 6.6%), followed by buying KKR & Co. (now 2.3% of the portfolio). It started 2 new positions and sold out of 1. Its largest holding is Alphabet at 17%.

13F for the quarter ending 2026-06-30, filed 2026-07-15 ([filing](https://www.sec.gov/Archives/edgar/data/1484150/000117266126002623/0001172661-26-002623-index.htm)). $2.6bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Alphabet (GOOG) | $460m | 17.5% | Trimmed -24% | 15.6% |
| TKO Group Holdings (TKO) | $423m | 16.1% | Trimmed -14% | 15.8% |
| Fair Isaac (FICO) | $270m | 10.3% | Trimmed -9.3% | 8.5% |
| Thermo Fisher Scientific (TMO) | $258m | 9.8% | Trimmed -17% | 9.7% |
| Walt Disney (DIS) | $251m | 9.6% | Trimmed -19% | 9.8% |
| Intuit (INTU) | $174m | 6.6% | Trimmed -9.1% | 10.1% |
| Mondelez International (MDLZ) | $148m | 5.6% | Trimmed -28% | 6.5% |
| Pepsico (PEP) | $139m | 5.3% | Trimmed -20% | 6.3% |
| Paypal Holdings (PYPL) | $137m | 5.2% | Trimmed -24% | 6.0% |
| Ebay (EBAY) | $125m | 4.7% | Trimmed -42% | 5.6% |
| Brown Forman (BF.B) | $95.2m | 3.6% | Trimmed -16% | 3.5% |
| Manchester United (MANU) | $63.3m | 2.4% | Trimmed -12% | 1.7% |
| KKR & Co. (KKR) | $61.3m | 2.3% | New | – |
| Visa (V) | $3.6m | 0.1% | Added +1.9% | 0.1% |
| S&P Global (SPGI) | $3.0m | 0.1% | Added +1.4% | 0.1% |
| Canadian Pacific Kansas City (CP) | $2.6m | 0.1% | Unchanged | 0.1% |
| American Express (AXP) | $2.6m | 0.1% | Trimmed -16% | 0.1% |
| Equifax (EFX) | $1.9m | 0.1% | Added +2.6% | 0.1% |
| Verisk Analytics (VRSK) | $1.7m | 0.1% | Added +13% | 0.1% |
| CME Group (CME) | $1.5m | 0.1% | Unchanged | 0.1% |
| Adobe (ADBE) | $1.4m | 0.1% | Unchanged | 0.1% |
| Warner Music Group (WMG) | $1.4m | 0.1% | New | – |
| Oracle (ORCL) | $1.3m | 0.1% | Unchanged | 0.0% |
| Estée Lauder (EL) | $1.2m | 0.1% | Unchanged | 0.0% |
| Madison Square Garden Sports (MSGS) | $1.1m | 0.0% | Unchanged | 0.0% |
| Coca-Cola (KO) | $975k | 0.0% | Unchanged | 0.0% |
| Nike (NKE) | $862k | 0.0% | Added +1.0% | 0.0% |
| Colgate-Palmolive (CL) | – | – | Sold out | 0.0% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/lindsell-train). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.