Big-fund tracker · Form 13F
Lindsell Train’s 13F: what it reported owning at Sep 30, 2026
Lindsell Train’s stock holdings as reported to the SEC for the quarter ended Sep 30, 2026, compared with the quarter before: top positions, new positions, exits and the biggest changes in shares.
The short answer
Lindsell Train’s 13F for the quarter ended Sep 30, 2026 lists 28 stock positions with a combined reported value of $2.36B, compared with 28 stock positions worth $2.63B in its filing for the quarter ended Jun 30, 2026. The three largest positions were Alphabet, TKO Group Holdings and Thermo Fisher, together 43.7% of that value. Against the previous quarter, 0 positions are new, 0 positions are gone, the share count rose in 2, fell in 17 and did not change in 9.
What a 13F shows, and what it doesn't
A 13F is a quarterly report that large investment managers file with the SEC. It is a useful record and a limited one. Read this list before reading the tables.
- It is late. The filing is due 45 days after the quarter ends. This one covers the quarter ended Sep 30, 2026 and was filed on Nov 2, 2026, 33 days later. Whatever the filer did since quarter end is not in it.
- It is a snapshot of one day. A 13F shows what the filer held on the last day of the quarter. A stock bought and sold inside the quarter never appears, and a position built up over three months looks like a single change.
- It lists long positions in US-listed stocks and similar securities only. Short positions, cash, Treasury bills, most bonds, most foreign shares and private companies are left out, so the list is not the filer’s whole portfolio.
- Reported value is a quarter-end price times shares. When a value changes between two filings, part of the change is the stock price moving. The change in shares is the better sign of buying or selling, and even that does not say why.
- Some details can be held back. Filers may ask the SEC to keep a position confidential for a time. This filing says no positions were left out on that basis.
- The filing can cover more than one entity. This filing lists no other included managers.
- It is not advice, and it is not a model portfolio. A manager’s holdings reflect its own goals, costs, time frame and risk limits, and the positions may already have changed. Nothing here says what anyone else should own.
Positions reported at Sep 30, 2026
| # | Company | Shares, Sep 30, 2026 | Shares, Jun 30, 2026 | Change in shares | Change | Reported value, Sep 30, 2026 | Share of stock positions |
|---|---|---|---|---|---|---|---|
| 1 | AlphabetGOOGL | 1,126,045 | 1,286,845 | −160,800 | −12.5% | $387.4M | 16.4% |
| 2 | TKO Group HoldingsTKO | 1,939,162 | 2,098,862 | −159,700 | −7.6% | $348.5M | 14.8% |
| 3 | Thermo FisherTMO | 391,841 | 514,512 | −122,671 | −23.8% | $293.1M | 12.4% |
| 4 | DisneyDIS | 2,299,341 | 2,607,846 | −308,505 | −11.8% | $241.2M | 10.2% |
| 5 | IntuitINTU | 627,583 | 666,883 | −39,300 | −5.9% | $173.0M | 7.3% |
| 6 | PayPalPYPL | 2,939,672 | 3,162,672 | −223,000 | −7.1% | $154.4M | 6.6% |
| 7 | MondelezMDLZ | 2,281,067 | 2,565,453 | −284,386 | −11.1% | $145.9M | 6.2% |
| 8 | Fair Isaac Corp | 212,785 | 226,186 | −13,401 | −5.9% | $126.1M | 5.3% |
| 9 | PepsiCoPEP | 950,988 | 1,023,706 | −72,718 | −7.1% | $120.5M | 5.1% |
| 10 | eBayEBAY | 1,052,401 | 1,116,001 | −63,600 | −5.7% | $111.6M | 4.7% |
| 11 | KKRKKR | 990,230 | 667,780 | +322,450 | +48.3% | $90.4M | 3.8% |
| 12 | Manchester Utd Plc New | 2,507,500 | 2,758,446 | −250,946 | −9.1% | $52.5M | 2.2% |
| 13 | Brown Forman Corp Class A | 1,941,817 | 2,134,789 | −192,972 | −9.0% | $52.1M | 2.2% |
| 14 | Brown–Forman Class BBF.B | 1,327,624 | 1,379,324 | −51,700 | −3.7% | $34.8M | 1.5% |
| 15 | VisaV | 10,500 | 10,500 | No change | – | $3.8M | 0.2% |
| 16 | S&P GlobalSPGI | 7,400 | 7,400 | No change | – | $2.9M | 0.1% |
| 17 | Canadian Pacific Kansas City | 30,000 | 30,000 | No change | – | $2.6M | 0.1% |
| 18 | American ExpressAXP | 7,200 | 7,600 | −400 | −5.3% | $2.2M | 0.1% |
| 19 | CME GroupCME | 6,900 | 6,900 | No change | – | $1.8M | 0.1% |
| 20 | AdobeADBE | 7,000 | 7,000 | No change | – | $1.7M | 0.1% |
| 21 | EquifaxEFX | 11,800 | 11,800 | No change | – | $1.6M | 0.1% |
| 22 | Verisk AnalyticsVRSK | 9,500 | 9,500 | No change | – | $1.6M | 0.1% |
| 23 | Warner Music Group Corp | 55,000 | 50,000 | +5,000 | +10.0% | $1.5M | 0.1% |
| 24 | OracleORCL | 9,000 | 9,000 | No change | – | $1.2M | 0.1% |
| 25 | Estée Lauder CompaniesEL | 12,500 | 15,000 | −2,500 | −16.7% | $1.2M | 0.0% |
| 26 | Madison Square Grdn Sprt Cor | 2,700 | 2,800 | −100 | −3.6% | $1.1M | 0.0% |
| 27 | Coca-ColaKO | 11,500 | 12,000 | −500 | −4.2% | $1.0M | 0.0% |
| 28 | NikeNKE | 21,000 | 21,000 | No change | – | $0.7M | 0.0% |
One company can have several lines in a 13F (the filer splits a position by the entity that holds it). The lines for the same stock and share class are added together here. Reported value is the filer’s own figure for the position at quarter end. Click any number to open the filing.
What changed from Jun 30, 2026 to Sep 30, 2026
These tables compare this filing with the one for the quarter ended Jun 30, 2026 (filed Jul 15, 2026). Changes are in shares, from the filings.
| Company | Shares, Jun 30, 2026 | Shares, Sep 30, 2026 | Change in shares | Change | Reported value, Sep 30, 2026 |
|---|---|---|---|---|---|
| KKRKKR | 667,780 | 990,230 | +322,450 | +48.3% | $90.4M |
| Warner Music Group Corp | 50,000 | 55,000 | +5,000 | +10.0% | $1.5M |
| Company | Shares, Jun 30, 2026 | Shares, Sep 30, 2026 | Change in shares | Change | Reported value, Sep 30, 2026 |
|---|---|---|---|---|---|
| Thermo FisherTMO | 514,512 | 391,841 | −122,671 | −23.8% | $293.1M |
| Estée Lauder CompaniesEL | 15,000 | 12,500 | −2,500 | −16.7% | $1.2M |
| AlphabetGOOGL | 1,286,845 | 1,126,045 | −160,800 | −12.5% | $387.4M |
| DisneyDIS | 2,607,846 | 2,299,341 | −308,505 | −11.8% | $241.2M |
| MondelezMDLZ | 2,565,453 | 2,281,067 | −284,386 | −11.1% | $145.9M |
Ranked by the percent change in the number of shares, so a small position can top a list. 9 positions had the same number of shares in both filings. A position that is absent from a filing may have been sold in full, or may have been moved to a part of the filer that is reported elsewhere; the filing does not say.
The companies with a Ticker Sage file
22 lines of this 13F are companies Ticker Sage covers, 90.0% of the reported value of the stock positions. Each has its own file built from its 10-K and 10-Q filings.
| Company | Shares, Sep 30, 2026 | Reported value, Sep 30, 2026 |
|---|---|---|
| Alphabet | 1,126,045 | $387.4M |
| TKO Group Holdings | 1,939,162 | $348.5M |
| Thermo Fisher | 391,841 | $293.1M |
| Disney | 2,299,341 | $241.2M |
| Intuit | 627,583 | $173.0M |
| PayPal | 2,939,672 | $154.4M |
| Mondelez | 2,281,067 | $145.9M |
| PepsiCo | 950,988 | $120.5M |
| eBay | 1,052,401 | $111.6M |
| KKR | 990,230 | $90.4M |
| Brown–Forman Class B | 1,327,624 | $34.8M |
| Visa | 10,500 | $3.8M |
| S&P Global | 7,400 | $2.9M |
| American Express | 7,200 | $2.2M |
| CME Group | 6,900 | $1.8M |
| Adobe | 7,000 | $1.7M |
| Equifax | 11,800 | $1.6M |
| Verisk Analytics | 9,500 | $1.6M |
| Oracle | 9,000 | $1.2M |
| Estée Lauder Companies | 12,500 | $1.2M |
| Coca-Cola | 11,500 | $1.0M |
| Nike | 21,000 | $0.7M |
Source filings
- Latest: Form 13F-HR for the quarter ended Sep 30, 2026, filed Nov 2, 2026, accession 0001172661-26-004793: information table · cover page · filing index
- Prior: Form 13F-HR for the quarter ended Jun 30, 2026, filed Jul 15, 2026, accession 0001172661-26-002623: information table · cover page · filing index
Both filings are on SEC EDGAR under CIK 0001484150. The next 13F covers the quarter ending Dec 31, 2026 and is due by Feb 14, 2027.
All tracked 13F filers · 13F filings explained · Insider buying · Methodology & Disclosures
Disclosures
- Editor holdings
- The editor holds no position in any company named on this page. As of Nov 11, 2026.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The Form 13F-HR filings above, linked next to each number.
- Last updated
- Nov 11, 2026
General education, the same for every reader. This page reports what one filer disclosed. It is not a recommendation to buy, sell or hold any security, and it doesn’t consider your situation.