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United Kingdom · Q1 2026 Filing · 📋 FCA NMPI Filings

Lindsell Train

Nick Train · Co-Founder & Portfolio Manager

$18B AUMgrowth🇬🇧 United Kingdom

Nick Train's Lindsell Train runs concentrated UK and global equity strategies focused on durable consumer brands and franchises. Famously low turnover; some holdings are held for decades.

Investing philosophy: Buy and hold the world's best franchises forever.

Top 10 holdings

Source filing →
1
ULVR.L
Unilever PLC
35.0M
$2B
10.6%
HELD
2
DGE.L
Diageo plc
60.0M
$2B
9.7%
HELD
3
RELX.L
RELX.L
40.0M
$2B
9.2%
HELD
4
LSEG.L
LSEG.L
14.0M
$2B
8.6%
INCREASED +4%
5
EXPN.L
EXPN.L
35.0M
$1B
7.8%
HELD
6
SGE.L
SGE.L
90.0M
$1B
6.1%
HELD
7
PSON.L
PSON.L
100.0M
$900.0M
5.0%
HELD
8
BRBY.L
BRBY.L
60.0M
$780.0M
4.3%
DECREASED -8%
9
AZN.L
AstraZeneca PLC
6.5M
$720.0M
4.0%
HELD
10
ULVR.L
Unilever PLC
12.0M
$650.0M
3.6%
HELD

📌 Notable moves this quarter

Other tracked funds

Holdings sourced from FCA NMPI Filings. Lindsell Train files quarterly portfolio disclosures with the relevant regulator; figures shown are approximate as of Q1 2026. View original filing →