In a recent quarterly disclosure filed with the SEC, esteemed UK-based investment firm Lindsell Train reported a significant reduction in its holdings of PepsiCo (PEP). The firm, known for its concentrated, low-turnover approach to investing in durable consumer brands, sold approximately 260,000 shares, cutting its position by 19.85%. This trade reduced PepsiCo's weight in Lindsell Train's reported US equity portfolio from 6.32% to 5.27%.
This disclosure, which reflects trades made during the second quarter ending June 30, 2026, was made public on July 15. Such 13F filings provide a delayed look at an institutional investor's portfolio. The sale of PepsiCo shares was part of a broader trend in the quarter where Lindsell Train trimmed several of its largest, long-held positions.