Lindsell Train Ltd

Long Only Manager • Value

Lindsell Train Ltd is a Value-focused institution led by Jocelyn Arthur Saunders, reporting $14.7B in AUM as of Q3 2025 with 40% Communication Services concentration and 95% concentrated in top 10 holdings.

COOJocelyn Arthur Saunders

Portfolio Value: $4.1B
Positions: 28
Top Holding: TKO at 14.64%
Last Reported: Q3 2025

Address66, Buckingham Gate, London, SW1E 6AU, United Kingdom

Top Holdings

Largest long holdings in Lindsell Train Ltd's portfolio (94.7% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 TKO Group Holdings TKO	Entertainment Communication Services	$596.7M	14.64%	-$44.2M Sold	3.60% 3.0M shares	Q3 2023 Held for 2y 2m
2 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$543.1M	13.32%	+$50.0M Bought	0.02% 2.2M shares	Q1 2025 Held for 8 months
3 Walt Disney DIS	Entertainment Communication Services	$426.6M	10.47%	-$41.4M Sold	0.21% 3.7M shares	≤ Q2 2013 Held for 12y 5m+
4 Intuit INTU	Software - Application Technology	$417.8M	10.25%	-$36.9M Sold	0.22% 611.8K shares	≤ Q2 2013 Held for 12y 5m+
5 Thermo Fisher Scientific TMO	Medical - Diagnostics & Research Healthcare	$396.5M	9.73%	-$18.0M Sold	0.22% 817.5K shares	Q4 2024 Held for 11 months
6 Fair Isaac FICO	Software - Application Technology	$333.7M	8.18%	-$237.9K Sold	0.93% 223.0K shares	Q1 2022 Held for 3y 8m
7 Mondelez International MDLZ	Food Confectioners Consumer Defensive	$314.1M	7.71%	-$42.5M Sold	0.39% 5.0M shares	≤ Q2 2013 Held for 12y 5m+
8 PepsiCo PEP	Beverages - Non-Alcoholic Consumer Defensive	$309.2M	7.59%	-$31.7M Sold	0.16% 2.2M shares	Q2 2015 Held for 10y 5m
9 PayPal Holdings, Inc. PYPL	Financial - Credit Services Financial Services	$300.7M	7.38%	-$3.0M Sold	0.47% 4.5M shares	Q3 2015 Held for 10y 2m
10 eBay EBAY	Specialty Retail Consumer Cyclical	$223.3M	5.48%	-$75.4M Sold	0.54% 2.5M shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Lindsell Train Ltd's latest filing

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Market Value

$4.1B

Prior: $4.2B

Q/Q Change

-3.93%

-$166.7M

Net Flows % of MV

-6.15%

Turnover Ratio

4.36%

New Purchases

0 stocks

Added To

8 stocks

+$52.4M

Sold Out Of

1 stocks

$846.3K

Reduced Holdings

12 stocks

-$302.3M

Increased Positions

Position	Shares Δ	Change
1 Canadian Pacific Kansas City CP	+114.29%	13.3K → 28.5K +$1.1M
2 Adobe ADBE	+26.4%	3.6K → 4.5K +$331.6K
3 Verisk Analytics, Inc. VRSK	+13.64%	6.6K → 7.5K +$226.4K
4 S&P Global SPGI	+10.17%	5.9K → 6.5K +$292.0K
5 Alphabet Inc. GOOGL	+10.15%	2.0M → 2.2M +$50.0M

Decreased Positions

Position	Shares Δ	Change
1 Hershey HSY	Sold	5.1K → 0 −$846.3K
2 Oracle ORCL	-48.57%	17.5K → 9.0K −$2.4M
3 eBay EBAY	-25.26%	3.3M → 2.5M −$75.4M
4 Mondelez International MDLZ	-11.92%	5.7M → 5.0M −$42.5M
5 PepsiCo PEP	-9.29%	2.4M → 2.2M −$31.7M

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Analytics

Portfolio insights and performance metrics for Lindsell Train Ltd

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Sector Allocation

Communication Services

40.10%

Technology

18.50%

Consumer Defensive

15.40%

Healthcare

9.70%

Financial Services

7.70%

Consumer Cyclical

5.50%

Industrials

0.20%

Market Cap Distribution

Mega Cap (> $200B)

24.05%

Large Cap ($10B - $200B)

74.31%

Mid Cap ($2B - $10B)

1.64%

Portfolio Concentration

Top 10 Holdings %

94.73%

Top 20 Holdings %

99.74%

Top 50 Holdings %

100.0%

Top 100 Holdings %