Skip to content
berrytrail

Search

Search managers or tickers

Lindsell Train

Q1 2023 13F · by Michael Lindsell, CEO

As of
Mar 31, 2023
Filed
May 12, 2023
US stock
$5.7B · prev $5.3B
Positions
29 · prev 29
Options notional
$0
Documents
1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 100.0%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves18 since the prior filing

The book

Very concentrated · behaves like 8 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 2.6% a year, more than 30 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions69% of US stock

  1. MDLZ Mondelez International, Inc. Class A trimmed−1.52 pp trimmed−1.5223.7%
  2. WWE World Wrestling Entertainment trimmed+2.07 pp trimmed+2.0711.8%
  3. PEP PepsiCo, Inc. added−0.75 pp added−0.7511.5%
  4. INTU Intuit Inc trimmed+0.44 pp trimmed+0.4411.2%
  5. FICO Fair Isaac Corporation trimmed+0.12 pp trimmed+0.1210.7%

Positions29 in this filing · 0 exited

MDLZMondelez International, Inc. Class A23.74%19,520,998$1.4Btrimmed−2%−1.52 pp40 q
WWEWorld Wrestling Entertainment11.79%7,406,037$676Mtrimmed−1%+2.07 pp40 q
PEPPepsiCo, Inc.11.48%3,608,510$658Madded+1%−0.75 pp32 q
INTUIntuit Inc11.19%1,439,252$642Mtrimmed−1%+0.44 pp40 q
FICOFair Isaac Corporation10.70%873,197$614Mtrimmed−6%+0.12 pp5 q
DISThe Walt Disney Company9.84%5,631,490$564Madded+4%+0.87 pp40 q
PYPLPayPal Holdings, Inc.7.13%5,384,302$409Madded+2%−0.03 pp31 q
EBAYeBay Inc5.72%7,391,871$328Mtrimmed−2%−0.21 pp40 q
MANUManchester United PLC4.28%11,065,176$245Madded0%−0.60 pp23 q
BF.ABrown-Forman Corporation Class A3.33%2,931,470$191Madded0%−0.33 pp40 q
BF.BBrown-Forman Corporation Class B0.33%290,307$19Mheld—21 q
ELThe Estee Lauder Companies Inc. Class A0.04%9,425$2Mheld—12 q
unresolvedCazoo Group Ltd0.04%829,032$2Mtrimmed−95%−0.01 pp6 q
GOOGLAlphabet Inc. Class A0.03%16,850$2Madded+5%0.00 pp12 q
AXPAmerican Express Company0.03%11,600$2Mheld—12 q
EFXEquifax, Incorporated0.03%9,400$2Mheld—12 q
NKENike, Inc.0.03%13,900$2Mheld—12 q
ORCLOracle Corp0.03%19,200$2Madded+3%0.00 pp12 q
SPGIS&P Global Inc.0.03%4,400$2Mheld—12 q
VVISA Inc.0.03%6,800$2Mheld—12 q
ADBEAdobe Inc.0.02%3,360$1Madded+12%0.00 pp12 q
CMECME Group Inc.0.02%5,900$1Madded+5%0.00 pp12 q
KOCoca-Cola Company0.02%21,100$1Mheld—12 q
CLColgate-Palmolive Company0.02%18,100$1Madded+7%−0.01 pp12 q
HSYThe Hershey Company0.02%5,100$1Mheld—12 q
JNJJohnson & Johnson0.02%7,900$1Mheld—12 q
TROWT Rowe Price Group Inc0.02%9,800$1Madded+2%0.00 pp12 q
VRSKVerisk Analytics, Inc.0.02%6,800$1Madded+5%0.00 pp12 q
MSGSMadison Square Garden Sports Corp.0.01%3,300$643,005held—12 q

Source

Form
13F-HR
Reading
0 defects · 1 unresolved
Accession
0001484150-23-000002
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet