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Independent Franchise Partners LLP

Q4 2025 · Filed 2026-02-17
Market Value
$15.6B
+5.1%
Holdings
29
+1
New Purchases
1
Added To
18
Closed
3
Reduced
7
Top 10 Concentration
56.1%
Turnover
13.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TRU 5.02% 2.58% +2.44% $783M
KVUE 5.32% 3.37% +1.96% $831M
SOLV 7.80% 6.34% +1.46% $1.2B
ABNB 4.48% 3.40% +1.07% $698M
BMY 7.20% 6.26% +0.94% $1.1B
CRM 0.91% 0.00% +0.91% $143M
EL 5.26% 4.60% +0.66% $821M
WBD 2.34% 1.72% +0.62% $366M
FOX 2.15% 1.97% +0.18% $336M
FOXA 4.58% 4.49% +0.09% $714M
RYAN 0.70% 0.64% +0.05% $109M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EA 0.00% 3.71% -3.71% $0
NWSA 5.01% 5.95% -0.94% $782M
JNJ 4.85% 5.73% -0.88% $757M
LYV 5.24% 6.10% -0.86% $817M
Z 4.79% 5.63% -0.84% $747M
WMG 2.57% 3.02% -0.44% $402M
ICE 5.01% 5.42% -0.41% $783M
NWS 1.74% 2.13% -0.39% $271M
IT 5.35% 5.66% -0.31% $835M
ORCL 0.00% 0.29% -0.29% $0
AON 4.78% 5.03% -0.25% $747M
CTVA 4.51% 4.73% -0.22% $704M
PM 3.93% 4.12% -0.19% $613M
EBAY 4.32% 4.51% -0.18% $675M
RTO 0.00% 0.13% -0.13% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $1.4B 8.8%
Large Cap 23 $13.2B 84.8%
Mid Cap 3 $995M 6.4%

Portfolio Analytics

Avg Market Cap
$85.7B
Median Market Cap
$31.9B
Avg P/E
53.2
Median P/E
27.2
Avg Dividend Yield
0.01%
Avg Beta
0.95
# Stocks
29
# ETFs / Funds
0

Top Holdings (29 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SOLV 7.80% 15,355,691 $1.2B $79.24 $275M +2,456,451 +19.0%
2 BMY 7.20% 20,828,148 $1.1B $53.94 $193M +204,797 +1.0%
3 IT 5.35% 3,308,566 $835M $252.28 -$5M +112,439 +3.5%
4 KVUE 5.32% 48,146,476 $831M $17.25 $331M +17,343,785 +56.3%
5 EL 5.26% 7,837,249 $821M $104.72 $137M +83,857 +1.1%
6 LYV 5.24% 5,733,718 $817M $142.50 -$88M +193,104 +3.5%
7 TRU 5.02% 9,136,903 $783M $85.75 $400M +4,561,619 +99.7%
8 ICE 5.01% 4,831,853 $783M $161.96 -$23M +49,928 +1.0%
9 NWSA 5.01% 29,934,048 $782M $26.12 -$102M +1,137,691 +4.0%
10 JNJ 4.85% 3,656,329 $757M $206.95 -$94M -932,561 -20.3%
11 Z 4.79% 10,953,405 $747M $68.22 -$89M +94,569 +0.9%
12 AON 4.78% 2,115,523 $747M $352.88 -$1M +19,037 +0.9%
13 FOXA 4.58% 9,777,519 $714M $73.07 $48M -798,593 -7.5%
14 CTVA 4.51% 10,495,388 $704M $67.03 $969K +107,434 +1.0%
15 ABNB 4.48% 5,146,272 $698M $135.72 $193M +981,624 +23.6%
16 EBAY 4.32% 7,748,177 $675M $87.10 $5M +384,570 +5.2%
17 PM 3.93% 3,823,728 $613M $160.40 $938K +48,216 +1.3%
18 WMG 2.57% 13,096,205 $402M $30.67 -$46M -57,179 -0.4%
19 WBD 2.34% 12,697,174 $366M $28.82 $110M -409,958 -3.1%
20 FOX 2.15% 5,174,660 $336M $64.93 $43M +60,153 +1.2%
21 NWS 1.74% 9,161,455 $271M $29.63 -$45M -7,375 -0.1%
22 CRM 0.91% 537,999 $143M $264.91 +537,999 NEW
23 ZG 0.89% 2,024,556 $138M $68.23 -$11M +21,862 +1.1%
24 RYAN 0.70% 2,115,313 $109M $51.63 $13M +415,560 +24.4%
25 TKO 0.65% 485,832 $102M $209.00 -$12M -77,284 -13.7%
26 OTIS 0.60% 1,064,149 $93M $87.35 -$7M -34,347 -3.1%
27 RTO —% -$20M -778,628 -100.0% SOLD
28 EA —% -$551M -2,733,751 -100.0% SOLD
29 ORCL —% -$42M -151,033 -100.0% SOLD

New Positions

SymbolValue% Port
CRM $143M 0.91%

Sold Out Positions

SymbolValue% Port
RTO —%
EA —%
ORCL —%
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