UK-based fund manager Lindsell Train reduced its holding in The Walt Disney Company (DIS) by 18.67% during the second quarter of 2026. According to a quarterly 13F filing with the SEC, the firm sold an estimated 600,000 shares, bringing its total position down to 2.61 million. The reported value of the stake decreased from $309.03 million to $251.01 million as of June 30, 2026.
This portfolio adjustment was disclosed in a filing dated July 15, 2026, reflecting trades made in the preceding quarter. The reduction occurred as Disney's new CEO, Josh D'Amaro, presented his first quarterly earnings in May, outlining plans to leverage technology and build a more connected consumer experience. Lindsell Train has not publicly commented on the specific reasons for this trade.