LINDSELL TRAIN LTD

PrivateCIK: 1484150

Location

LONDON, X0

Positions

$3.14B

Total AUM (reported)

27.37M

Total Shares

Allocation by class

COM$1.78B56.7%

CL A$770.48M24.6%

CAP STK CL A$490.19M15.6%

ORD CL A$52.85M1.7%

CL B$42.77M1.4%

COM CL A$3.11M0.1%

Portfolio Concentration

Top 3$1.30B41.5%

4–10$1.65B52.5%

11–25$186.89M6.0%

Rest$1.75M0.1%

Top 3 weight

41.5%

Top 10 weight

94.0%

Voting Authority Distribution

Total shares with voting rights: 27.37M

Sole

Full voting authority

24.90M

% of voting shares91.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.47M

% of voting shares9.0%

Investment Discretion (by position count)

Sole27

Shared0

Other0

Dominant voting typeSole · 91.0% of voting shares

Institutional Holdings27

Rows:

TKO GROUP HOLDINGS INC

SOLE

CL A

Shares2.45M

TypeSH

Market value$493.94M

15.75%

Sole

2.20M

Shared

0.00

None

246.01K

ALPHABET INC

SOLE

CAP STK CL A

Shares1.70M

TypeSH

Market value$490.19M

15.63%

Sole

1.55M

Shared

0.00

None

158.73K

INTUIT

SOLE

COM

Shares733.70K

TypeSH

Market value$317.24M

10.11%

Sole

656.48K

Shared

0.00

None

77.22K

DISNEY WALT CO

SOLE

COM

Shares3.21M

TypeSH

Market value$309.03M

9.85%

Sole

2.89M

Shared

0.00

None

318.16K

THERMO FISHER SCIENTIFIC INC

SOLE

COM

Shares617.21K

TypeSH

Market value$303.38M

9.67%

Sole

551.50K

Shared

0.00

None

65.72K

FAIR ISAAC CORP

SOLE

COM

Shares249.42K

TypeSH

Market value$266.27M

8.49%

Sole

226.64K

Shared

0.00

None

22.79K

MONDELEZ INTL INC

SOLE

CL A

Shares3.56M

TypeSH

Market value$205.31M

6.55%

Sole

3.23M

Shared

0.00

None

327.44K

PEPSICO INC

SOLE

COM

Shares1.28M

TypeSH

Market value$198.33M

6.32%

Sole

1.14M

Shared

0.00

None

134.39K

PAYPAL HLDGS INC

SOLE

COM

Shares4.18M

TypeSH

Market value$189.04M

6.03%

Sole

3.89M

Shared

0.00

None

284.89K

EBAY INC.

SOLE

COM

Shares1.93M

TypeSH

Market value$175.44M

5.59%

Sole

1.74M

Shared

0.00

None

191.03K

BROWN FORMAN CORP

SOLE

CL A

Shares2.59M

TypeSH

Market value$69.26M

2.21%

Sole

2.44M

Shared

0.00

None

145.54K

MANCHESTER UTD PLC NEW

SOLE

ORD CL A

Shares3.14M

TypeSH

Market value$52.85M

1.68%

Sole

2.84M

Shared

0.00

None

306K

BROWN FORMAN CORP

SOLE

CL B

Shares1.58M

TypeSH

Market value$41.67M

1.33%

Sole

1.38M

Shared

0.00

None

196.72K

VISA INC

SOLE

COM CL A

Shares10.30K

TypeSH

Market value$3.11M

0.10%

Sole

10.30K

Shared

0.00

None

0.00

S&P GLOBAL INC

SOLE

COM

Shares7.30K

TypeSH

Market value$3.10M

0.10%

Sole

7.30K

Shared

0.00

None

0.00

AMERICAN EXPRESS CO

SOLE

COM

Shares9K

TypeSH

Market value$2.72M

0.09%

Sole

Shared

0.00

None

0.00

CANADIAN PACIFIC KANSAS CITY

SOLE

COM

Shares30K

TypeSH

Market value$2.36M

0.08%

Sole

30K

Shared

0.00

None

0.00

EQUIFAX INC

SOLE

COM

Shares11.50K

TypeSH

Market value$2.07M

0.07%

Sole

11.50K

Shared

0.00

None

0.00

CME GROUP INC

SOLE

COM

Shares6.90K

TypeSH

Market value$2.04M

0.06%

Sole

6.90K

Shared

0.00

None

0.00

ADOBE INC

SOLE

COM

Shares7K

TypeSH

Market value$1.70M

0.05%

Sole

Shared

0.00

None

0.00

VERISK ANALYTICS INC

SOLE

COM

Shares8.40K

TypeSH

Market value$1.59M

0.05%

Sole

8.40K

Shared

0.00

None

0.00

ORACLE CORP

SOLE

COM

Shares9K

TypeSH

Market value$1.32M

0.04%

Sole

Shared

0.00

None

0.00

NIKE INC

SOLE

CL B

Shares20.80K

TypeSH

Market value$1.10M

0.04%

Sole

20.80K

Shared

0.00

None

0.00

LAUDER ESTEE COS INC

SOLE

CL A

Shares15K

TypeSH

Market value$1.08M

0.03%

Sole

15K

Shared

0.00

None

0.00

COCA COLA CO

SOLE

COM

Shares12K

TypeSH

Market value$912.6K

0.03%

Sole

12K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
TKO GROUP HOLDINGS INCSOLE	CL A	2.45M	SH	$493.94M 15.75%	2.20M	246.01K
ALPHABET INCSOLE	CAP STK CL A	1.70M	SH	$490.19M 15.63%	1.55M	158.73K
INTUITSOLE	COM	733.70K	SH	$317.24M 10.11%	656.48K	77.22K
DISNEY WALT COSOLE	COM	3.21M	SH	$309.03M 9.85%	2.89M	318.16K
THERMO FISHER SCIENTIFIC INCSOLE	COM	617.21K	SH	$303.38M 9.67%	551.50K	65.72K
FAIR ISAAC CORPSOLE	COM	249.42K	SH	$266.27M 8.49%	226.64K	22.79K
MONDELEZ INTL INCSOLE	CL A	3.56M	SH	$205.31M 6.55%	3.23M	327.44K
PEPSICO INCSOLE	COM	1.28M	SH	$198.33M 6.32%	1.14M	134.39K
PAYPAL HLDGS INCSOLE	COM	4.18M	SH	$189.04M 6.03%	3.89M	284.89K
EBAY INC.SOLE	COM	1.93M	SH	$175.44M 5.59%	1.74M	191.03K
BROWN FORMAN CORPSOLE	CL A	2.59M	SH	$69.26M 2.21%	2.44M	145.54K
MANCHESTER UTD PLC NEWSOLE	ORD CL A	3.14M	SH	$52.85M 1.68%	2.84M	306K
BROWN FORMAN CORPSOLE	CL B	1.58M	SH	$41.67M 1.33%	1.38M	196.72K
VISA INCSOLE	COM CL A	10.30K	SH	$3.11M 0.10%	10.30K	0.00
S&P GLOBAL INCSOLE	COM	7.30K	SH	$3.10M 0.10%	7.30K	0.00
AMERICAN EXPRESS COSOLE	COM	9K	SH	$2.72M 0.09%	9K	0.00
CANADIAN PACIFIC KANSAS CITYSOLE	COM	30K	SH	$2.36M 0.08%	30K	0.00
EQUIFAX INCSOLE	COM	11.50K	SH	$2.07M 0.07%	11.50K	0.00
CME GROUP INCSOLE	COM	6.90K	SH	$2.04M 0.06%	6.90K	0.00
ADOBE INCSOLE	COM	7K	SH	$1.70M 0.05%	7K	0.00
VERISK ANALYTICS INCSOLE	COM	8.40K	SH	$1.59M 0.05%	8.40K	0.00
ORACLE CORPSOLE	COM	9K	SH	$1.32M 0.04%	9K	0.00
NIKE INCSOLE	CL B	20.80K	SH	$1.10M 0.04%	20.80K	0.00
LAUDER ESTEE COS INCSOLE	CL A	15K	SH	$1.08M 0.03%	15K	0.00
COCA COLA COSOLE	COM	12K	SH	$912.6K 0.03%	12K	0.00

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