Lindsell Train, a major institutional investor, reduced its position in The Walt Disney Company (DIS) by 11.83% during the third quarter of 2026. According to its quarterly 13F filing with the SEC, which reflects holdings as of September 30, 2026, the firm sold an estimated $32.36 million worth of Disney shares. This transaction lowered its total holdings from 2.61 million to 2.30 million shares. Despite the sale, Disney remains a significant position for the asset manager, with its portfolio weight increasing from 9.55% to 10.24%.
It is important to remember that 13F filings are submitted to the SEC on a quarterly basis and reflect a snapshot of an investor's holdings at the end of the reporting period, not necessarily real-time trading activity. During the same quarter, Disney reported strong fiscal Q3 earnings that surpassed Wall Street expectations, driven by growth in its theme parks and streaming services. Lindsell Train has not publicly commented on the specific reasons for this reduction in its Disney holdings.