Investor: Michael Lindsell & Nick Train
Number of Assets: 29
Reporting Period: Q1 - 2025
Holdings at Report: $4,000,701,335
Return Since Report: +$322,689,864
Return Since Report: +8.07%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Brown-Forman Corp. (BF-A) | Equity | -1.57% | 2,752,327 | 2.55% | $33.47 | $30.81 | $92,120,385 | $84,785,433 | -$7,334,952 | -7.96% |
| Brown-Forman Corp. (BF-B) | Equity | -3.62% | 1,575,426 | 1.48% | $33.94 | $30.98 | $53,469,958 | $48,806,697 | -$4,663,261 | -8.72% |
| Canadian Pacific Kansas City Limited (CP) | Equity | +100% | 12,150 | 0.02% | $70.21 | $76.58 | $853,052 | $930,447 | +$77,395 | +9.07% |
| CME Group Inc. (CME) | Equity | 0% | 8,600 | 0.06% | $265.29 | $279.92 | $2,281,494 | $2,407,269 | +$125,775 | +5.51% |
| The Coca-Cola Company (KO) | Equity | 0% | 21,100 | 0.04% | $71.62 | $69.08 | $1,511,182 | $1,457,672 | -$53,510 | -3.54% |
| Colgate-Palmolive Company (CL) | Equity | 0% | 20,100 | 0.05% | $93.70 | $87.92 | $1,883,370 | $1,767,192 | -$116,178 | -6.17% |
| The Walt Disney Company (DIS) | Equity | -3.98% | 4,280,841 | 11.69% | $98.70 | $121.65 | $422,519,007 | $520,764,308 | +$98,245,301 | +23.25% |
| Ebay Inc. (EBAY) | Equity | -7.57% | 3,370,021 | 6.32% | $67.73 | $82.37 | $228,251,522 | $277,588,630 | +$49,337,108 | +21.62% |
| Equifax Inc. (EFX) | Equity | 0% | 10,300 | 0.07% | $243.56 | $247.09 | $2,508,668 | $2,545,027 | +$36,359 | +1.45% |
| Fair Isaac Corp. (FICO) | Equity | -5.96% | 240,300 | 12.26% | $1,844.16 | $1,541.23 | $443,151,648 | $370,356,368 | -$72,795,281 | -16.43% |
| Adobe Inc. (ADBE) | Equity | 0% | 3,560 | 0.04% | $383.53 | $371.06 | $1,365,367 | $1,320,970 | -$44,397 | -3.25% |
| Alphabet Inc. (GOOGL) | Equity | +100% | 18,225 | 0.08% | $154.64 | $193.25 | $2,818,314 | $3,521,963 | +$703,649 | +24.97% |
| American Express Company (AXP) | Equity | 0% | 11,600 | 0.09% | $269.05 | $311.77 | $3,120,980 | $3,616,532 | +$495,552 | +15.88% |
| The Hershey Company (HSY) | Equity | 0% | 5,100 | 0.02% | $171.03 | $186.63 | $872,253 | $951,788 | +$79,535 | +9.12% |
| Intuit Inc. (INTU) | Equity | -3.72% | 741,017 | 12.59% | $613.99 | $790.11 | $454,977,028 | $585,481,237 | +$130,504,209 | +28.68% |
| The Estée Lauder Companies Inc. (EL) | Equity | 0% | 14,425 | 0.03% | $66.00 | $89.53 | $952,050 | $1,291,398 | +$339,348 | +35.64% |
| Madison Square Garden Sports Corp. (MSGS) | Equity | 0% | 3,300 | 0.02% | $194.72 | $202.08 | $642,576 | $666,864 | +$24,288 | +3.78% |
| Manchester United PLC (MANU) | Equity | -12.52% | 5,053,000 | 1.83% | $13.09 | $17.53 | $66,143,770 | $88,579,090 | +$22,435,320 | +33.92% |
| Mondelez International Inc. (MDLZ) | Equity | -28.44% | 6,018,722 | 11.30% | $67.85 | $70.48 | $408,370,288 | $424,199,527 | +$15,829,239 | +3.88% |
| Nike Inc. (NKE) | Equity | 0% | 20,400 | 0.04% | $63.48 | $76.41 | $1,294,992 | $1,558,764 | +$263,772 | +20.37% |
| Oracle Corp. (ORCL) | Equity | 0% | 19,200 | 0.07% | $139.81 | $244.92 | $2,684,352 | $4,702,464 | +$2,018,112 | +75.18% |
| Paypal Holdings Inc. (PYPL) | Equity | -2.61% | 4,171,092 | 7.53% | $65.25 | $78.52 | $272,163,753 | $327,514,144 | +$55,350,391 | +20.34% |
| Pepsico Inc. (PEP) | Equity | -3.99% | 2,454,237 | 10.18% | $149.94 | $143.57 | $367,988,296 | $352,354,806 | -$15,633,490 | -4.25% |
| T. Rowe Price Group Inc. (TROW) | Equity | 0% | 12,000 | 0.03% | $91.87 | $106.98 | $1,102,440 | $1,283,760 | +$181,320 | +16.45% |
| S&P Global Inc. (SPGI) | Equity | 0% | 5,900 | 0.08% | $508.10 | $535.31 | $2,997,790 | $3,158,300 | +$160,510 | +5.35% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +24.94% | 508,790 | 7.01% | $497.60 | $477.97 | $253,173,904 | $243,186,356 | -$9,987,548 | -3.94% |
| Tko Group Holdings Inc. (TKO) | Equity | -6.58% | 3,394,377 | 14.35% | $152.81 | $169.58 | $518,694,749 | $575,618,452 | +$56,923,703 | +10.97% |
| Verisk Analytics Inc. (VRSK) | Equity | 0% | 7,300 | 0.06% | $297.62 | $313.10 | $2,172,626 | $2,285,630 | +$113,004 | +5.20% |
| Visa Inc. (V) | Equity | 0% | 11,200 | 0.11% | $350.46 | $357.12 | $3,925,152 | $3,999,744 | +$74,592 | +1.90% |