Investor: Michael Lindsell & Nick Train
Number of Assets: 29
Reporting Period: Q2 - 2025
Holdings at Report: $4,243,201,720
Return Since Report: +$96,531,682
Return Since Report: +2.27%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Brown-Forman Corp. (BF-A) | Equity | -0.69% | 2,733,341 | 1.77% | $27.47 | $27.99 | $75,084,877 | $76,506,215 | +$1,421,338 | +1.89% |
| The Hershey Company (HSY) | Equity | 0% | 5,100 | 0.02% | $165.95 | $187.72 | $846,345 | $957,372 | +$111,027 | +13.12% |
| Intuit Inc. (INTU) | Equity | -10.15% | 665,786 | 12.36% | $787.63 | $671.75 | $524,393,027 | $447,241,746 | -$77,151,281 | -14.71% |
| The Estée Lauder Companies Inc. (EL) | Equity | 0% | 14,425 | 0.03% | $80.80 | $88.53 | $1,165,540 | $1,277,045 | +$111,505 | +9.57% |
| Madison Square Garden Sports Corp. (MSGS) | Equity | 0% | 3,300 | 0.02% | $208.95 | $205.96 | $689,535 | $679,668 | -$9,867 | -1.43% |
| Manchester United PLC (MANU) | Equity | -4.81% | 4,810,000 | 2.02% | $17.81 | $15.96 | $85,666,100 | $76,786,840 | -$8,879,260 | -10.36% |
| Mondelez International Inc. (MDLZ) | Equity | -5.14% | 5,709,287 | 9.07% | $67.44 | $62.74 | $385,034,315 | $358,172,120 | -$26,862,195 | -6.98% |
| Nike Inc. (NKE) | Equity | 0% | 20,400 | 0.03% | $71.04 | $73.48 | $1,449,216 | $1,498,890 | +$49,674 | +3.43% |
| Oracle Corp. (ORCL) | Equity | -8.85% | 17,500 | 0.09% | $218.63 | $240.84 | $3,826,025 | $4,214,700 | +$388,675 | +10.16% |
| Paypal Holdings Inc. (PYPL) | Equity | +8.55% | 4,527,838 | 7.93% | $74.32 | $67.55 | $336,508,920 | $305,832,818 | -$30,676,102 | -9.12% |
| Pepsico Inc. (PEP) | Equity | -1.10% | 2,427,210 | 7.55% | $132.04 | $143.17 | $320,488,808 | $347,496,374 | +$27,007,566 | +8.43% |
| T. Rowe Price Group Inc. (TROW) | Equity | 0% | 12,000 | 0.03% | $96.50 | $107.36 | $1,158,000 | $1,288,320 | +$130,320 | +11.25% |
| S&P Global Inc. (SPGI) | Equity | 0% | 5,900 | 0.07% | $527.29 | $547.31 | $3,111,011 | $3,229,129 | +$118,118 | +3.80% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +67.97% | 854,612 | 8.17% | $405.46 | $483.89 | $346,510,982 | $413,533,928 | +$67,022,946 | +19.34% |
| Tko Group Holdings Inc. (TKO) | Equity | -6.50% | 3,173,662 | 13.61% | $181.95 | $196.34 | $577,447,801 | $623,116,797 | +$45,668,996 | +7.91% |
| Verisk Analytics Inc. (VRSK) | Equity | -9.59% | 6,600 | 0.05% | $311.50 | $313.10 | $2,055,900 | $2,066,460 | +$10,560 | +0.51% |
| Visa Inc. (V) | Equity | -10.71% | 10,000 | 0.08% | $355.05 | $344.24 | $3,550,500 | $3,442,350 | -$108,150 | -3.05% |
| Adobe Inc. (ADBE) | Equity | 0% | 3,560 | 0.03% | $386.88 | $353.32 | $1,377,293 | $1,257,819 | -$119,474 | -8.67% |
| Alphabet Inc. (GOOGL) | Equity | +11028.80% | 2,028,223 | 8.42% | $176.23 | $239.51 | $357,433,739 | $485,779,691 | +$128,345,952 | +35.91% |
| American Express Company (AXP) | Equity | -12.07% | 10,200 | 0.08% | $318.98 | $323.49 | $3,253,596 | $3,299,598 | +$46,002 | +1.41% |
| Brown-Forman Corp. (BF-B) | Equity | +4.72% | 1,649,764 | 1.05% | $26.91 | $27.53 | $44,395,149 | $45,409,754 | +$1,014,605 | +2.29% |
| Canadian Pacific Kansas City Limited (CP) | Equity | +9.47% | 13,300 | 0.02% | $79.27 | $74.68 | $1,054,291 | $993,244 | -$61,047 | -5.79% |
| CME Group Inc. (CME) | Equity | -13.95% | 7,400 | 0.05% | $275.62 | $262.29 | $2,039,588 | $1,940,946 | -$98,642 | -4.84% |
| The Coca-Cola Company (KO) | Equity | -9.95% | 19,000 | 0.03% | $70.75 | $68.04 | $1,344,250 | $1,292,760 | -$51,490 | -3.83% |
| Colgate-Palmolive Company (CL) | Equity | -25.37% | 15,000 | 0.03% | $90.90 | $84.23 | $1,363,500 | $1,263,450 | -$100,050 | -7.34% |
| The Walt Disney Company (DIS) | Equity | -4.52% | 4,087,276 | 11.95% | $124.01 | $117.54 | $506,863,097 | $480,418,421 | -$26,444,676 | -5.22% |
| Ebay Inc. (EBAY) | Equity | -2.53% | 3,284,654 | 5.76% | $74.46 | $92.21 | $244,575,337 | $302,877,945 | +$58,302,608 | +23.84% |
| Equifax Inc. (EFX) | Equity | 0% | 10,300 | 0.06% | $259.37 | $250.82 | $2,671,511 | $2,583,395 | -$88,117 | -3.30% |
| Fair Isaac Corp. (FICO) | Equity | -7.15% | 223,114 | 9.61% | $1,827.96 | $1,547.53 | $407,843,467 | $345,275,608 | -$62,567,859 | -15.34% |