Train 'aggressively' ups Hargreaves stake after dismissing margin pressure fears

Alice Rigby
clock • 2 min read

Nick Train has been aggressively topping up his holding in Hargreaves Lansdown shares, arguing fears over margin pressures at the platform are unfounded.

The platform was Train's top holding within his £1.1bn Lindsell Train UK Equity fund at the start of the year. But Hargreaves shares have had a torrid time, falling 27% year to date to trade at 993p by Friday's close. Investors have sold off the stock on concerns that since HL's clean pricing structure, introduced in Q1, could lead to contracting margins at a business which was valued at over 30x earnings. However, Train has taken advantage of the shares' drop below the £10 mark in August and September to boost his exposure once again. "We have been buying Hargreaves Lansdown again...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Event Voice: Your questions answered by Aberdeen at the Best Ideas summit

Event Voice: Your questions answered by Aberdeen at the Best Ideas summit

Global infrastructure equity is a top equity pick for H2 2025, says Aberdeen’s Ross McSkimming.

Ross McSkimming, Head of Equities Investment Specialists, Developed Markets, Aberdeen Investments
clock 22 May 2025 • 4 min read
Investment Week reveals Leaders List 2025

Investment Week reveals Leaders List 2025

Honouring investment change-makers

Katrina Lloyd
clock 21 May 2025 • 3 min read
UK considering cut on cash ISA tax free allowance – reports

UK considering cut on cash ISA tax free allowance – reports

Attempt to boost UK stock market

Patrick Brusnahan
clock 16 May 2025 • 2 min read
Trustpilot
Loading page