Independent Franchise Partners LLP
Independent Franchise Partners LLP's Independent Franchise Partners LLP holds 26 U.S.-equity positions worth $14.3B (SEC 13F, Q1 2026). Top positions: Bristol-Myers Squibb Co. 9.0%, Solventum Corporation 7.2%, Live Nation Entertainment Inc. 6.3%. 13F-replication return is +52% over 3 years (-20 pts vs the S&P 500) — a replicated, non-audited figure.
Holdings
| Stock | % of portfolio | Shares | Value | Latest activity | Avg buy price | Current price | Date |
|---|---|---|---|---|---|---|---|
| BMY Bristol-Myers Squibb Co. | 9.0% | 21.3M | $1.3B | ▲ 2.1% (+447K) | $69.31 | $54.70 (−21%) | 2026-03-31 |
| SOLV Solventum Corporation | 7.2% | 15.7M | $1.0B | ▲ 2.5% (+378K) | $69.72 | $73.56 (+6%) | 2026-03-31 |
| LYV Live Nation Entertainment Inc. | 6.3% | 5.9M | $894M | ▲ 2.3% (+131K) | $109.49 | $170.56 (+56%) | 2026-03-31 |
| KVUE Kenvue Inc. | 5.9% | 49.2M | $848M | ▲ 2.2% (+1.1M) | $23.13 | $17.86 (−23%) | 2026-03-31 |
| TRU TransUnion | 5.9% | 12.1M | $839M | ▲ 33% (+3.0M) | $62.14 | $64.43 (+4%) | 2026-03-31 |
| AON Aon plc Class A | 5.8% | 2.6M | $835M | ▲ 22% (+472K) | $315.29 | $313.63 (−1%) | 2026-03-31 |
| ICE Intercontinental Exchange Inc. | 5.5% | 5.0M | $779M | ▲ 2.6% (+123K) | $104.29 | $131.34 (+26%) | 2026-03-31 |
| NWSA News Corporation Class A Common Stock | 5.4% | 30.9M | $771M | ▲ 3.3% (+991K) | $17.27 | $24.61 (+43%) | 2026-03-31 |
| CRM Salesforce, Inc. | 5.3% | 4.0M | $753M | ▲ 650% (+3.5M) | $199.78 | $150.12 (−25%) | 2026-03-31 |
| IT Gartner, Inc. | 5.1% | 4.6M | $728M | ▲ 39% (+1.3M) | $262.87 | $125.73 (−52%) | 2026-03-31 |
| JNJ Johnson & Johnson | 5.1% | 3.0M | $726M | ▼ 19% (−685K) | $155.00 | $231.29 (+49%) | 2026-03-31 |
| ABNB Airbnb, Inc. Class A Common Stock | 4.7% | 5.3M | $666M | ▲ 2.5% (+129K) | $121.42 | $139.19 (+15%) | 2026-03-31 |
| EBAY eBay Inc | 4.3% | 6.8M | $616M | ▼ 13% (−976K) | $44.37 | $104.94 (+137%) | 2026-03-31 |
| Z Zillow Group, Inc. Class C Capital Stock | 3.8% | 13.2M | $546M | ▲ 20% (+2.2M) | $44.47 | $30.31 (−32%) | 2026-03-31 |
| FOXA Fox Corporation Class A Common Stock | 3.3% | 8.2M | $477M | ▼ 16% (−1.6M) | $34.05 | $49.39 (+45%) | 2026-03-31 |
| EL The Estee Lauder Companies Inc. Class A | 3.3% | 6.6M | $476M | ▼ 15% (−1.2M) | $144.55 | $84.53 (−42%) | 2026-03-31 |
| PM Philip Morris International Inc. | 3.0% | 2.6M | $423M | ▼ 33% (−1.3M) | $97.25 | $173.17 (+78%) | 2026-03-31 |
| WMG Warner Music Group Corp. Class A Common Stock | 2.3% | 13.0M | $333M | — | $30.65 | $27.47 (−10%) | 2026-03-31 |
| FOX Fox Corporation Class B Common Stock | 2.0% | 5.3M | $282M | ▲ 2.6% (+133K) | $31.89 | $44.93 (+41%) | 2026-03-31 |
| NWS News Corporation Class B Common Stock | 1.8% | 9.1M | $260M | ▼ 0.5% (−50K) | $17.43 | $27.92 (+60%) | 2026-03-31 |
| WBD Warner Bros. Discovery, Inc. Series A Common Stock | 1.7% | 8.7M | $239M | ▼ 31% (−4.0M) | $10.73 | $26.95 (+151%) | 2026-03-31 |
| ZG ZILLOW GROUP INC CLASS A | 0.8% | 2.7M | $113M | ▲ 35% (+714K) | $43.70 | $30.46 (−30%) | 2026-03-31 |
| CTVA Corteva, Inc. Common Stock | 0.7% | 1.2M | $100M | ▼ 89% (−9.3M) | $60.31 | $78.86 (+31%) | 2026-03-31 |
| RYAN Ryan Specialty Holdings, Inc. | 0.7% | 2.8M | $95M | ▲ 33% (+706K) | $56.36 | $33.26 (−41%) | 2026-03-31 |
| TKO TKO Group Holdings, Inc. | 0.7% | 458K | $92M | ▼ 5.8% (−28K) | $84.06 | $197.26 (+135%) | 2026-03-31 |
| OTIS Otis Worldwide Corporation | 0.5% | 1.0M | $77M | ▼ 5.8% (−62K) | $91.43 | $72.48 (−21%) | 2026-03-31 |
FAQ ▾
What are Independent Franchise Partners LLP's largest holdings?
As of the latest 13F: Bristol-Myers Squibb Co. 9.0%, Solventum Corporation 7.2%, Live Nation Entertainment Inc. 6.3%, Kenvue Inc. 5.9%, TransUnion 5.9%.
How big is Independent Franchise Partners LLP's 13F portfolio?
$14.3B across 26 disclosed U.S.-equity positions.
What is Independent Franchise Partners LLP's 3-year performance?
+52% (13F-replication, price return), -20 pts vs the S&P 500. Not an audited fund return.
Where does this data come from?
U.S. SEC Form 13F-HR institutional holdings filings.
Sourced from SEC Form 13F-HR filings · Not investment advice ▾
Latest activity = change vs. the prior 13F. Avg buy price = est. entry over the trailing 3 years (gain = vs. latest price). Returns are 13F-replication, not audited fund returns. Sourced from SEC 13F filings.