Investor: Michael Lindsell & Nick Train
Number of Assets: 29
Reporting Period: Q1 - 2025
Holdings at Report: $4,000,701,335
Return Since Report: -$280,026,244
Return Since Report: -7.00%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Adobe Inc. (ADBE) | Equity | 0% | 3,560 | 0.04% | $383.53 | $195.16 | $1,365,367 | $694,770 | -$670,597 | -49.11% |
| Alphabet Inc. (GOOGL) | Equity | +100% | 18,225 | 0.08% | $154.64 | $368.03 | $2,818,314 | $6,707,347 | +$3,889,033 | +137.99% |
| American Express Company (AXP) | Equity | 0% | 11,600 | 0.09% | $269.05 | $338.00 | $3,120,980 | $3,920,800 | +$799,820 | +25.63% |
| Brown-Forman Corp. (BF-A) | Equity | -1.57% | 2,752,327 | 2.55% | $33.47 | $26.64 | $92,120,385 | $73,321,991 | -$18,798,394 | -20.41% |
| Brown-Forman Corp. (BF-B) | Equity | -3.62% | 1,575,426 | 1.48% | $33.94 | $26.64 | $53,469,958 | $41,969,349 | -$11,500,609 | -21.51% |
| Canadian Pacific Kansas City Limited (CP) | Equity | +100% | 12,150 | 0.02% | $70.21 | $86.03 | $853,052 | $1,045,265 | +$192,213 | +22.53% |
| CME Group Inc. (CME) | Equity | 0% | 8,600 | 0.06% | $265.29 | $246.38 | $2,281,494 | $2,118,868 | -$162,626 | -7.13% |
| The Coca-Cola Company (KO) | Equity | 0% | 21,100 | 0.04% | $71.62 | $79.39 | $1,511,182 | $1,675,129 | +$163,947 | +10.85% |
| Colgate-Palmolive Company (CL) | Equity | 0% | 20,100 | 0.05% | $93.70 | $89.48 | $1,883,370 | $1,798,548 | -$84,822 | -4.50% |
| The Walt Disney Company (DIS) | Equity | -3.98% | 4,280,841 | 11.69% | $98.70 | $103.89 | $422,519,007 | $444,736,571 | +$22,217,564 | +5.26% |
| Ebay Inc. (EBAY) | Equity | -7.57% | 3,370,021 | 6.32% | $67.73 | $108.24 | $228,251,522 | $364,771,073 | +$136,519,551 | +59.81% |
| Equifax Inc. (EFX) | Equity | 0% | 10,300 | 0.07% | $243.56 | $153.93 | $2,508,668 | $1,585,479 | -$923,189 | -36.80% |
| Fair Isaac Corp. (FICO) | Equity | -5.96% | 240,300 | 12.26% | $1,844.16 | $1,096.48 | $443,151,648 | $263,484,144 | -$179,667,504 | -40.54% |
| The Hershey Company (HSY) | Equity | 0% | 5,100 | 0.02% | $171.03 | $172.63 | $872,253 | $880,413 | +$8,160 | +0.94% |
| Intuit Inc. (INTU) | Equity | -3.72% | 741,017 | 12.59% | $613.99 | $267.00 | $454,977,028 | $197,851,539 | -$257,125,489 | -56.51% |
| The Estée Lauder Companies Inc. (EL) | Equity | 0% | 14,425 | 0.03% | $66.00 | $84.81 | $952,050 | $1,223,384 | +$271,334 | +28.50% |
| Madison Square Garden Sports Corp. (MSGS) | Equity | 0% | 3,300 | 0.02% | $194.72 | $370.10 | $642,576 | $1,221,330 | +$578,754 | +90.07% |
| Manchester United PLC (MANU) | Equity | -12.52% | 5,053,000 | 1.83% | $13.09 | $22.37 | $66,143,770 | $113,035,610 | +$46,891,840 | +70.89% |
| Mondelez International Inc. (MDLZ) | Equity | -28.44% | 6,018,722 | 11.30% | $67.85 | $60.12 | $408,370,288 | $361,845,567 | -$46,524,721 | -11.39% |
| Nike Inc. (NKE) | Equity | 0% | 20,400 | 0.04% | $63.48 | $45.20 | $1,294,992 | $922,080 | -$372,912 | -28.80% |
| Oracle Corp. (ORCL) | Equity | 0% | 19,200 | 0.07% | $139.81 | $184.29 | $2,684,352 | $3,538,368 | +$854,016 | +31.81% |
| Paypal Holdings Inc. (PYPL) | Equity | -2.61% | 4,171,092 | 7.53% | $65.25 | $42.51 | $272,163,753 | $177,313,121 | -$94,850,632 | -34.85% |
| Pepsico Inc. (PEP) | Equity | -3.99% | 2,454,237 | 10.18% | $149.94 | $142.02 | $367,988,296 | $348,550,739 | -$19,437,557 | -5.28% |
| T. Rowe Price Group Inc. (TROW) | Equity | 0% | 12,000 | 0.03% | $91.87 | $107.65 | $1,102,440 | $1,291,800 | +$189,360 | +17.18% |
| S&P Global Inc. (SPGI) | Equity | 0% | 5,900 | 0.08% | $508.10 | $410.92 | $2,997,790 | $2,424,428 | -$573,362 | -19.13% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +24.94% | 508,790 | 7.01% | $497.60 | $464.61 | $253,173,904 | $236,388,922 | -$16,784,982 | -6.63% |
| Tko Group Holdings Inc. (TKO) | Equity | -6.58% | 3,394,377 | 14.35% | $152.81 | $198.78 | $518,694,749 | $674,734,260 | +$156,039,511 | +30.08% |
| Verisk Analytics Inc. (VRSK) | Equity | 0% | 7,300 | 0.06% | $297.62 | $173.80 | $2,172,626 | $1,268,740 | -$903,886 | -41.60% |
| Visa Inc. (V) | Equity | 0% | 11,200 | 0.11% | $350.46 | $327.24 | $3,925,152 | $3,665,088 | -$260,064 | -6.63% |