Fund · Nick Train
Lindsell Train
Twenty brands, held for decades.
Copying every 13F the day after it was filed returned 12.6% a year, against 14.0% for SPY over the same 13.2 years and 53 quarters, since Aug 2013. Clone score 45 of 100: Coin flip.
| Manager | Nick Train |
| Clone score | 45 / 100 |
| Verdict | Coin flip |
| Copy, a year | 12.6% |
| SPY, a year | 14.0% |
| Edge, a year | −1.4% |
| Latest quarter | Q2 2026 |
| Filed | 15 Jul 2026 |
| 13F value | $2.6B |
| Positions | 28 |
Largest holdings
| Ticker | Name | Weight | Value | Change |
|---|---|---|---|---|
| GOOGL | ALPHABET INC | 17.5% | $460M | TRIM |
| TKO | TKO GROUP HOLDINGS INC | 16.1% | $423M | TRIM |
| FICO | FAIR ISAAC CORP | 10.3% | $270M | TRIM |
| TMO | THERMO FISHER SCIENTIFIC INC | 9.8% | $258M | TRIM |
| DIS | DISNEY WALT CO | 9.5% | $251M | TRIM |
| INTU | INTUIT | 6.6% | $174M | TRIM |
| MDLZ | MONDELEZ INTL INC | 5.6% | $148M | TRIM |
| PEP | PEPSICO INC | 5.3% | $139M | TRIM |
| PYPL | PAYPAL HLDGS INC | 5.2% | $137M | TRIM |
| EBAY | EBAY INC. | 4.7% | $125M | TRIM |
| MANCHESTER | MANCHESTER UTD PLC NEW | 2.4% | $63.3M | TRIM |
| KKR | KKR & CO INC | 2.3% | $61.3M | NEW |
| BF.A | BROWN FORMAN CORP | 2.2% | $58.4M | TRIM |
| BF.B | BROWN FORMAN CORP | 1.4% | $36.8M | TRIM |
| V | VISA INC | 0.1% | $3.6M | ADD |