Nick Train portfolio
Updated November 15, 2026
Nick Train (Lindsell Train) — British manager with very low turnover, backing powerful brands and digital businesses.
According to the latest 13F report that Lindsell Train filed with the SEC (Q3 2026, filed November 2, 2026), its US stock portfolio is worth about $2.4B across 28 holdings. The largest positions are Alphabet Inc-cl AGOOGL, TKO Group Holdings IncTKO, Thermo Fisher Scientific IncTMO, and the top 10 make up 89% of the portfolio.
| # | Stock | Weight | Value | Change this quarter |
|---|---|---|---|---|
| 1 | Alphabet Inc-cl AGOOGL | 16.4% | $387M | Trimmed +12% |
| 2 | TKO Group Holdings IncTKO | 14.8% | $349M | Trimmed +8% |
| 3 | Thermo Fisher Scientific IncTMO | 12.4% | $293M | Trimmed +24% |
| 4 | Walt Disney Co/theDIS | 10.2% | $241M | Trimmed +12% |
| 5 | Intuit IncINTU | 7.3% | $173M | Trimmed +6% |
| 6 | Paypal Holdings IncPYPL | 6.6% | $154M | Trimmed +7% |
| 7 | Mondelez International Inc-aMDLZ | 6.2% | $146M | Trimmed +11% |
| 8 | Fair Isaac CorpFICO | 5.3% | $126M | Trimmed +6% |
| 9 | Pepsico IncPEP | 5.1% | $121M | Trimmed +7% |
| 10 | Ebay IncEBAY | 4.7% | $112M | Trimmed +6% |
| 11 | KKR & Co IncKKR | 3.8% | $90M | Added +48% |
| 12 | Manchester UTD PLC New | 2.2% | $53M | Trimmed +9% |
| 13 | Brown-forman Corp-class ABF-A | 2.2% | $52M | Trimmed +9% |
| 14 | Brown-forman Corp-class BBF-B | 1.5% | $35M | Trimmed +4% |
| 15 | Visa Inc-class A SharesV | 0.2% | $4M | — |
| 16 | S&P Global IncSPGI | 0.1% | $3M | — |
| 17 | Canadian Pacific Kansas CityCP | 0.1% | $3M | — |
| 18 | American Express CoAXP | 0.1% | $2M | Trimmed +5% |
| 19 | CME Group IncCME | 0.1% | $2M | — |
| 20 | Adobe IncADBE | 0.1% | $2M | — |
| 21 | Equifax IncEFX | 0.1% | $2M | — |
| 22 | Verisk Analytics IncVRSK | 0.1% | $2M | — |
| 23 | Warner Music Group Corp-cl AWMG | 0.1% | $2M | Added +10% |
| 24 | Oracle CorpORCL | 0.1% | $1M | — |
| 25 | Estee Lauder Companies-cl AEL | 0.0% | $1M | Trimmed +17% |
| 26 | Madison Square Garden SportsMSGS | 0.0% | $1M | Trimmed +4% |
| 27 | Coca-cola Co/theKO | 0.0% | $989920 | Trimmed +4% |
| 28 | Nike Inc -CL BNKE | 0.0% | $743400 | — |
Frequently asked questions
What does Nick Train own now?
According to the latest 13F (Q3 2026), the largest holdings are Alphabet Inc-cl AGOOGL, TKO Group Holdings IncTKO, Thermo Fisher Scientific IncTMO. The full list is in the table above.
What is a 13F report?
US investment managers with more than $100 million in US stocks must list their holdings with the SEC within 45 days after each quarter ends.
Why is the data delayed?
Because 13F reports arrive up to 45 days after the quarter ends, the manager may have traded since then.
Should I copy this portfolio?
Knowing what great investors buy is a good source of ideas, but because of the delay and different goals, copying blindly is not recommended.
More lists and tools
Lists are generated automatically from SEC filings and market prices and rebuilt every day. They are a starting point for research, not a recommendation to buy or sell.