Lindsell Train
Lindsell Train Global Equity Fund
Global
Dec 2024 → Aug 2026
Our archive holds 13 letters from this strategy, behind 7 investment theses and positions in 22 companies. Every quote below is copied verbatim from the letter it came from.
13 letters in 3 years — follow all of Lindsell Train for every strategy.
Also held
Its investment theses
- SAPJul 2026SAP is a mission-critical ERP leader benefiting from a highly accretive cloud transition and strong AI positioning.
- KKRJul 2026KKR has a diversified alternatives platform with recurring fees, scale benefits, and multiple underappreciated growth engines.
- Games WorkshopAug 2025Games Workshop is a uniquely durable compounder with strong pricing power, iconic IP, and significant growth potential, having achieved impressive financial metrics and a passionate global fanbase around its Warhammer franchises.
- DisneyJun 2025Disney is transforming its video and film distribution to streaming, growing its subscriber base and profitability while launching a direct-to-consumer ESPN product for live sports.
- Fair Isaac CorpJun 2025Despite regulatory headwinds, FICO’s dominant market position, pricing power, and adaptable growth strategy—bolstered by strong distribution partnerships and aggressive buybacks—highlight a resilient business model primed to withstand competitive threats.
- AlphabetMar 2025Alphabet is an undervalued, dominant player in the search and digital advertising markets, with robust revenue growth, strong competitive advantages, and significant long-term potential despite facing certain risks.
- FICOMar 2025FICO is a leading player in the US consumer credit market, known for its essential credit scoring system, which has resulted in significant profit growth and a strong market valuation despite recent stock corrections and regulatory concerns.