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Asset Manager ← All Institutions

Independent Franchise Partners LLP

Q3 2025 · Filed 2025-11-14
Market Value
$14.9B
+3.0%
Holdings
28
+4
New Purchases
4
Added To
4
Closed
0
Reduced
20
Top 10 Concentration
56.9%
Turnover
14.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IT 5.66% 0.00% +5.66% $840M
ABNB 3.40% 0.00% +3.40% $506M
AON 5.03% 3.66% +1.37% $748M
SOLV 6.34% 5.33% +1.01% $942M
WBD 1.72% 1.04% +0.69% $256M
OTIS 0.68% 0.00% +0.68% $100M
RYAN 0.64% 0.00% +0.64% $96M
WMG 3.02% 2.51% +0.51% $448M
EBAY 4.51% 4.19% +0.32% $670M
FOXA 4.49% 4.17% +0.32% $667M
Z 5.63% 5.36% +0.27% $837M
LYV 6.10% 5.91% +0.18% $905M
EL 4.60% 4.42% +0.18% $683M
JNJ 5.73% 5.55% +0.18% $851M
RTO 0.13% 0.02% +0.12% $20M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORCL 0.29% 5.41% -5.12% $42M
TKO 0.77% 3.97% -3.20% $114M
ICE 5.42% 7.76% -2.34% $806M
CTVA 4.73% 6.92% -2.19% $703M
KVUE 3.37% 4.54% -1.17% $500M
PM 4.12% 4.82% -0.69% $612M
BMY 6.26% 6.73% -0.47% $930M
TRU 2.58% 2.83% -0.25% $383M
NWS 2.13% 2.24% -0.11% $317M
EA 3.71% 3.78% -0.07% $551M
NWSA 5.95% 6.01% -0.06% $884M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $1.5B 10.1%
Large Cap 22 $12.3B 82.6%
Mid Cap 3 $1.1B 7.3%

Portfolio Analytics

Avg Market Cap
$82.6B
Median Market Cap
$30.0B
Avg P/E
54.4
Median P/E
29.3
Avg Dividend Yield
0.01%
Avg Beta
0.94
# Stocks
28
# ETFs / Funds
0

Top Holdings (28 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SOLV 6.34% 12,899,240 $942M $73.00 $173M +2,758,174 +27.2%
2 BMY 6.26% 20,623,351 $930M $45.10 -$41M -353,603 -1.7%
3 LYV 6.10% 5,540,614 $905M $163.40 $52M -99,692 -1.8%
4 NWSA 5.95% 28,796,357 $884M $30.71 $17M -374,174 -1.3%
5 JNJ 5.73% 4,588,890 $851M $185.42 $50M -655,248 -12.5%
6 IT 5.66% 3,196,127 $840M $262.87 +3,196,127 NEW
7 Z 5.63% 10,858,836 $837M $77.05 $63M -181,085 -1.6%
8 ICE 5.42% 4,781,925 $806M $168.48 -$314M -1,323,410 -21.7%
9 AON 5.03% 2,096,486 $748M $356.58 $219M +615,570 +41.6%
10 CTVA 4.73% 10,387,954 $703M $67.63 -$296M -3,007,521 -22.4%
11 EL 4.60% 7,753,392 $683M $88.12 $46M -138,645 -1.8%
12 EBAY 4.51% 7,363,607 $670M $90.95 $66M -750,082 -9.2%
13 FOXA 4.49% 10,576,112 $667M $63.06 $65M -160,080 -1.5%
14 PM 4.12% 3,775,512 $612M $162.20 -$82M -39,383 -1.0%
15 EA 3.71% 2,733,751 $551M $201.70 $6M -681,378 -19.9%
16 ABNB 3.40% 4,164,648 $506M $121.42 +4,164,648 NEW
17 KVUE 3.37% 30,802,691 $500M $16.23 -$154M -462,883 -1.5%
18 WMG 3.02% 13,153,384 $448M $34.06 $86M -126,801 -0.9%
19 TRU 2.58% 4,575,284 $383M $83.78 -$26M -71,619 -1.5%
20 NWS 2.13% 9,168,830 $317M $34.55 -$7M -255,098 -2.7%
21 FOX 1.97% 5,114,507 $293M $57.29 $24M -93,538 -1.8%
22 WBD 1.72% 13,107,132 $256M $19.53 $107M +69,208 +0.5%
23 ZG 1.00% 2,002,694 $149M $74.44 $9M -35,823 -1.8%
24 TKO 0.77% 563,116 $114M $201.96 -$459M -2,582,975 -82.1%
25 OTIS 0.68% 1,098,496 $100M $91.43 +1,098,496 NEW
26 RYAN 0.64% 1,699,753 $96M $56.36 +1,699,753 NEW
27 ORCL 0.29% 151,033 $42M $281.24 -$738M -3,417,437 -95.8%
28 RTO 0.13% 778,628 $20M $25.25 $17M +676,473 +662.2%

New Positions

SymbolValue% Port
IT $840M 5.66%
ABNB $506M 3.40%
OTIS $100M 0.68%
RYAN $96M 0.64%
View SEC EDGAR Filings for Independent Franchise Partners LLP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms