Nick Train's portfolio
In the Q3 2026 13F, filed November 2, 2026, Lindsell Train reported 28 US stock positions worth $2.4B. The largest was Alphabet (GOOGL) at 16.4% of the portfolio. Added to: KKR & Co. (KKR) and Warner Music Group (WMG). The Q4 2026 13F is due by February 14, 2027.
What changed in Q3 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
None this quarter.
Added to
Trimmed
Sold out
None this quarter.
Holdings
28 US-listed positions in the Q3 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| AlphabetGOOGL | 16.44% | $387M | 1,126,045 | Trimmed |
| TKO GroupTKO | 14.79% | $349M | 1,939,162 | Trimmed |
| Thermo Fisher ScientificTMO | 12.44% | $293M | 391,841 | Trimmed |
| Disney Walt | 10.24% | $241M | 2,299,341 | Held |
| IntuitINTU | 7.34% | $173M | 627,583 | Trimmed |
| Paypal Hldgs | 6.55% | $154M | 2,939,672 | Held |
| Mondelez InternationalMDLZ | 6.19% | $146M | 2,281,067 | Trimmed |
| Fair IsaacFICO | 5.35% | $126M | 212,785 | Trimmed |
| PepsiCoPEP | 5.11% | $121M | 950,988 | Trimmed |
| eBayEBAY | 4.74% | $112M | 1,052,401 | Trimmed |
| KKR & Co.KKR | 3.84% | $90M | 990,230 | Added |
| Manchester Utd Plc New | 2.23% | $53M | 2,507,500 | Held |
| Brown-FormanBF-A | 2.21% | $52M | 1,941,817 | Trimmed |
| Brown-Forman Corp-Class BBF/B | 1.48% | $35M | 1,327,624 | Trimmed |
| VisaV | 0.16% | $4M | 10,500 | Held |
| S&P GlobalSPGI | 0.12% | $3M | 7,400 | Held |
| Canadian Pacific Kansas CityCP | 0.11% | $3M | 30,000 | Held |
| American ExpressAXP | 0.09% | $2M | 7,200 | Trimmed |
| CMECME | 0.08% | $2M | 6,900 | Held |
| AdobeADBE | 0.07% | $2M | 7,000 | Held |
| EquifaxEFX | 0.07% | $2M | 11,800 | Held |
| Verisk AnalyticsVRSK | 0.07% | $2M | 9,500 | Held |
| Warner Music GroupWMG | 0.06% | $2M | 55,000 | Added |
| OracleORCL | 0.05% | $1M | 9,000 | Held |
| Estee Lauder CompaniesEL | 0.05% | $1M | 12,500 | Trimmed |
| Madison Square Garden SportsMSGS | 0.05% | $1M | 2,700 | Trimmed |
| Coca-ColaKO | 0.04% | $989,920 | 11,500 | Trimmed |
| NikeNKE | 0.03% | $743,400 | 21,000 | Held |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Nick Train own?
In the Q3 2026 13F, Lindsell Train reported 28 US stock positions worth $2.4B. The largest: Alphabet (GOOGL) 16.4%, TKO Group (TKO) 14.8%, Thermo Fisher Scientific (TMO) 12.4%, Disney Walt 10.2%, Intuit (INTU) 7.3%.
What did Nick Train buy last quarter?
In Q3 2026: added to KKR & Co. (KKR); added to Warner Music Group (WMG).
What did Nick Train sell last quarter?
In Q3 2026: cut Alphabet (GOOGL); cut TKO Group (TKO); cut Thermo Fisher Scientific (TMO).
When is Nick Train's next 13F?
13F filings are due 45 days after each quarter ends. The Q4 2026 filing is due by February 14, 2027.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.