Troy Asset Management Ltd
CIK 1601407 · View on SEC EDGAR ↗
- Portfolio value
- $3.6B
- Positions
- 29
- As of
- June 30, 2026
Portfolio value QoQ: +7.0% 13F does not disclose cash
- Top 10 holdings weight
- 82.64%
- Top 25 holdings weight
- 98.57%
- Positions above 1%
- 16
- Effective number of positions
- 12.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 8.35% Est. buys $294,315,085 · sells $289,668,673
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 70.7% still held
- New positions
- 3
- Increased
- 11
- Decreased
- 15
- Closed
- 4
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.
- Biggest new bets Brand-new positions opened in the latest quarter.
- 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: +8.0% · 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: 100.0% · Options excluded: 0.0%
Sector breakdown
Full portfolio 29 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| V Visa Inc. | $560,062,861 | 15.62% | 1,632,408 | $66,834,080 | Up ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $458,295,219 | 12.78% | 1,282,411 | $32,803,902 | Down ×4 | ||
| A Agilent Technologies, Inc. Common Stock | $355,539,021 | 9.92% | 2,676,647 | $80,478,838 | Up ×4 | ||
| CNI Canadian National Railway Company Common Stock | $322,255,093 | 8.99% | 2,564,246 | $37,675,635 | Down ×3 | ||
| CB Chubb Limited Common Stock | $295,140,810 | 8.23% | 866,176 | $10,025,068 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $246,141,350 | 6.86% | 659,861 | $-8,266,126 | Down ×4 | ||
| HUBB Hubbell Inc Common Stock | $229,289,261 | 6.39% | 438,244 | $-42,571,375 | Down ×1 | ||
| ALC Alcon Inc. Ordinary Shares | $207,564,521 | 5.79% | 3,801,548 | $30,469,863 | Up ×3 | ||
| VRSN VeriSign, Inc. - Common Stock | $168,755,756 | 4.71% | 670,837 | $-25,798,043 | Down ×1 | ||
| MKL Markel Group Inc. Common Stock | $120,127,692 | 3.35% | 61,509 | Up ×1 | |||
| ADBE Adobe Inc. - Common Stock | $97,116,744 | 2.71% | 473,694 | $-30,467,926 | Down ×3 | ||
| MA Mastercard Incorporated Common Stock | $71,246,592 | 1.99% | 138,720 | $7,066,764 | Up ×1 | ||
| CME CME Group Inc. - Class A Common Stock | $61,540,242 | 1.72% | 278,677 | $-5,993,603 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $47,885,846 | 1.34% | 85,011 | $6,783,455 | Up ×1 | ||
| TXN Texas Instruments Incorporated - Common Stock | $45,847,637 | 1.28% | 153,815 | $13,612,049 | Down ×3 | ||
| BKNG Booking Holdings Inc. - Common Stock | $41,217,287 | 1.15% | 231,246 | $9,130,438 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $32,149,444 | 0.90% | 134,889 | $6,686,770 | Up ×2 | ||
| SYY Sysco Corporation Common Stock | $31,463,440 | 0.88% | 376,447 | $2,493,616 | Down ×3 | ||
| PAYX Paychex, Inc. - Common Stock | $24,679,355 | 0.69% | 250,985 | $-9,031,959 | Down ×4 | ||
| PEP PepsiCo, Inc. - Common Stock | $24,663,516 | 0.69% | 182,153 | $-5,867,896 | Down ×4 | ||
| PM Philip Morris International Inc Common Stock | $22,351,431 | 0.62% | 123,550 | $776,545 | Down ×4 | ||
| NKE Nike, Inc. Common Stock | $18,975,937 | 0.53% | 462,264 | $-7,352,931 | Down ×2 | ||
| SPGI S&P Global Inc. Common Stock | $18,491,233 | 0.52% | 45,404 | $985,940 | Up ×1 | ||
| TTWO Take-Two Interactive Software, Inc. - Common Stock | $17,945,064 | 0.50% | 71,786 | $5,095,121 | Up ×1 | ||
| CP Canadian Pacific Kansas City Limited Common Shares | $15,892,736 | 0.44% | 183,413 | Up ×1 | |||
| INTU Intuit Inc. - Common Stock | $15,188,895 | 0.42% | 58,195 | $-15,779,025 | Down ×1 | ||
| KVUE Kenvue Inc. Common Stock | $14,319,563 | 0.40% | 749,323 | $364,576 | Down ×4 | ||
| MCO Moody's Corporation Common Stock | $14,252,487 | 0.40% | 31,468 | $1,809,764 | Up ×1 | ||
| AZN AstraZeneca PLC - American Depositary Shares | $7,383,747 | 0.21% | 52,367 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| A | Bought more | +263K | +$80.5M |
| V | Bought more | +497 | +$66.8M |
| HUBB | Trimmed | -116K | -$42.6M |
| CNI | Trimmed | -65K | +$37.7M |
| GOOGL | Trimmed | -197K | +$32.8M |
| ALC | Bought more | +813K | +$30.5M |
| ADBE | Trimmed | -51K | -$30.5M |
| VRSN | Trimmed | -113K | -$25.8M |
| INTU | Trimmed | -13K | -$15.8M |
| TXN | Trimmed | -12K | +$13.6M |
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 |
|---|---|---|---|---|
| VRSN | Sept. 30, 2025 | 916,747 | $264,756,534 | -2.2% |
| AXP | Dec. 31, 2025 | 458,008 | $152,131,937 | -9.6% |
| PG | March 31, 2025 | 580,139 | $97,260,303 | -15.3% |
| MDT | March 31, 2025 | 825,095 | $65,908,589 | 4.8% |
| FISV | Dec. 31, 2025 | 374,142 | $48,238,128 | -23.5% |
| ALC | March 31, 2025 | 423,634 | $35,928,900 | -21.4% |
| CSCO | March 31, 2025 | 582,855 | $34,505,016 | 78.5% |
| ACN | June 30, 2026 | 138,585 | $27,480,020 | 48.7% |
| MCD | June 30, 2026 | 71,876 | $22,338,342 | 0.2% |
| ADP | June 30, 2026 | 107,694 | $21,881,267 | 24.7% |
| JNJ | March 31, 2025 | 141,813 | $20,508,996 | 64.0% |
| PYPL | March 31, 2026 | 230,268 | $13,443,046 | 36.4% |
| HSY | March 31, 2025 | 77,401 | $13,107,859 | 11.2% |
| TSM | June 30, 2026 | 168 | $56,776 | -13.6% |