Fund: Lindsell Train Global Equity B
5-year performance: 89.07%
Kicking off the ranking are Michael Lindsell and Nick Train, managers of the $2.8 billion Lindsell Train Global Equity fund since its launch in March 2011.
The duo run a concentrated portfolio of 20-35 stocks of mostly large companies, prioritizing equities listed in developed countries. As of the end of February, Unilever came in as the top holding at 8.5%.
Following Kraft Heinz’s failed bid to acquire Unilever for more than $140 billion, Lindsell and Train increased their exposure to the company, according to a note dated beginning of March. Citywire A-rated Lindsell and AA-rated Train pointed to factors such as the fact that Unilever is trading at more than 20 times earnings.
‘All we can say is that obviously special companies like [Unilever] (look at the dividend history) are very rare and very valuable,’ the duo wrote.
Other top holdings include multinational beverage company Diageo at almost 8% and Heineken Holdings at 7.5%.
The US ranks first in the fund’s country allocation with 34.6%, followed by the UK at 27% and Japan at 23%.