Independent Franchise Partners LLP
CIK 1483866 · View on SEC EDGAR ↗
- Portfolio value
- $15.2B
- Positions
- 26
- As of
- June 30, 2026
#372 of 9,443 by 13F value · top 3.9%
Portfolio value QoQ: +6.7% 13F does not disclose cash
- Top 10 holdings weight
- 63.71%
- Top 25 holdings weight
- 99.43%
- Positions above 1%
- 22
- Effective number of positions
- 19.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.83% Est. buys $1,225,389,035 · sells $418,323,964
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 83.9% still held
- New positions
- 0
- Increased
- 18
- Decreased
- 8
- Closed
- 1
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +9.7% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.9% · Options excluded: 0.0%
Sector breakdown
Communication Services
23.0%
Healthcare
21.5%
Technology
10.7%
Industrials
9.0%
Consumer products
8.9%
Financials
6.4%
Consumer Discretionary
5.1%
Financial Services
4.2%
Real Estate
4.1%
Retail
3.3%
Consumer Staples
3.1%
Materials
0.6%
Full portfolio 26 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BMY Bristol-Myers Squibb Company Common Stock | $1,255,703,498 | 8.24% | 21,792,841 | $-34,654,000 | Up ×3 | ||
| SOLV Solventum Corporation Common Stock | $1,247,518,431 | 8.18% | 16,170,038 | $220,121,208 | Up ×6 | ||
| LYV Live Nation Entertainment, Inc. Common Stock | $1,101,120,815 | 7.22% | 6,013,439 | $206,686,725 | Up ×3 | ||
| TRU TransUnion Common Stock | $1,008,275,675 | 6.61% | 13,976,652 | $168,866,470 | Up ×3 | ||
| KVUE Kenvue Inc. Common Stock | $963,678,965 | 6.32% | 50,427,994 | $115,318,426 | Up ×3 | ||
| CRM Salesforce, Inc. Common Stock | $911,579,004 | 5.98% | 5,818,837 | $158,356,221 | Up ×2 | ||
| AON Aon plc Class A Ordinary Shares (Ireland) | $877,964,523 | 5.76% | 2,646,943 | $42,609,238 | Up ×4 | ||
| NWSA News Corporation - Class A Common Stock | $796,410,704 | 5.22% | 32,074,535 | $25,461,075 | Up ×3 | ||
| ABNB Airbnb, Inc. - Class A Common Stock | $776,140,628 | 5.09% | 5,423,764 | $109,930,157 | Up ×3 | ||
| JNJ Johnson & Johnson Common Stock | $772,877,948 | 5.07% | 3,043,186 | $46,540,133 | Up ×1 | ||
| IT Gartner, Inc. Common Stock | $723,663,534 | 4.75% | 5,582,962 | $-4,822,546 | Up ×3 | ||
| ICE Intercontinental Exchange Inc. Common Stock | $646,712,834 | 4.24% | 5,253,130 | $-132,639,763 | Up ×3 | ||
| Z Zillow Group, Inc. - Class C Capital Stock | $513,799,766 | 3.37% | 16,300,754 | $-32,309,846 | Up ×3 | ||
| EBAY eBay Inc. - Common Stock | $508,088,472 | 3.33% | 4,546,653 | $-108,320,084 | Down ×2 | ||
| PM Philip Morris International Inc Common Stock | $466,445,318 | 3.06% | 2,578,328 | $43,081,336 | Up ×1 | ||
| FOXA Fox Corporation - Class A Common Stock | $438,074,001 | 2.87% | 8,398,658 | $-39,328,128 | Up ×1 | ||
| EL Estee Lauder Companies, Inc. (The) Common Stock | $390,150,136 | 2.56% | 4,941,737 | $-85,580,179 | Down ×2 | ||
| OTIS Otis Worldwide Corporation Common Stock | $368,890,646 | 2.42% | 5,152,104 | $291,634,596 | Up ×1 | ||
| WMG Warner Music Group Corp. - Class A Common Stock | $351,850,554 | 2.31% | 12,997,804 | $18,955,707 | Down ×5 | ||
| FOX Fox Corporation - Class B Common Stock | $256,808,497 | 1.68% | 5,482,675 | $-25,039,984 | Up ×3 | ||
| NWS News Corporation - Class B Common Stock | $253,209,427 | 1.66% | 9,023,857 | $-6,566,850 | Down ×5 | ||
| WBD Warner Bros. Discovery, Inc. - Series A Common Stock | $217,490,493 | 1.43% | 8,157,933 | $-21,349,172 | Down ×3 | ||
| ZG Zillow Group, Inc. - Class A Common Stock | $115,220,033 | 0.76% | 3,672,937 | $1,874,264 | Up ×3 | ||
| RYAN Ryan Specialty Holdings, Inc. Class A Common Stock | $99,904,992 | 0.66% | 2,645,789 | $4,729,379 | Down ×1 | ||
| CTVA Corteva, Inc. Common Stock | $94,438,835 | 0.62% | 1,115,112 | $-5,083,649 | Down ×2 | ||
| TKO TKO Group Holdings, Inc. Class A Common Stock | $86,380,510 | 0.57% | 429,092 | $-5,894,530 | Down ×6 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| BMY | $1,255,703,498 | 8.24% | up ×3 |
| SOLV | $1,247,518,431 | 8.18% | up ×6 |
| LYV | $1,101,120,815 | 7.22% | up ×3 |
| TRU | $1,008,275,675 | 6.61% | up ×3 |
| KVUE | $963,678,965 | 6.32% | up ×3 |
| AON | $877,964,523 | 5.76% | up ×4 |
| NWSA | $796,410,704 | 5.22% | up ×3 |
| ABNB | $776,140,628 | 5.09% | up ×3 |
| IT | $723,663,534 | 4.75% | up ×3 |
| ICE | $646,712,834 | 4.24% | up ×3 |
| Z | $513,799,766 | 3.37% | up ×3 |
| FOX | $256,808,497 | 1.68% | up ×3 |
| ZG | $115,220,033 | 0.76% | up ×3 |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| OTIS | Bought more | +4.1M | +$291.6M |
| SOLV | Bought more | +437K | +$220.1M |
| LYV | Bought more | +149K | +$206.7M |
| TRU | Bought more | +1.8M | +$168.9M |
| CRM | Bought more | +1.8M | +$158.4M |
| ICE | Bought more | +298K | -$132.6M |
| KVUE | Bought more | +1.2M | +$115.3M |
| ABNB | Bought more | +148K | +$109.9M |
| EBAY | Trimmed | -2.2M | -$108.3M |
| EL | Trimmed | -1.7M | -$85.6M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| EA | Dec. 31, 2025 | 2,733,751 | $551,397,576 | No longer tracked |
| AZPN | March 31, 2025 | 520,184 | $129,853,531 | No longer tracked |
| RBA | March 31, 2026 | 1,151,798 | $118,485,460 | -7.5% |
| ORCL | Dec. 31, 2025 | 151,033 | $42,476,520 | -24.9% |
| RTO | Dec. 31, 2025 | 778,628 | $19,660,357 | -19.8% |