In a notable move for the fund, Lindsell Train initiated a new position in global investment firm KKR & Co. during the second quarter of 2026, acquiring 667,780 shares valued at approximately $61.29 million. The new holding represents a 2.33% portfolio weight, according to the firm's required 13F disclosure. Lindsell Train is known for its highly concentrated, low-turnover strategy of investing in what it deems to be exceptional, durable companies.
This trade was disclosed in a filing that reflects positions held as of June 30, 2026, a common delay for such regulatory reports. Public commentary from the notoriously selective firm indicated the KKR position offers "attractive look-through exposure to market growth" and the ability to "earn steady recurring management fees." KKR is a global investment firm that manages alternative assets across private equity, credit, real estate, and infrastructure.