Independent Franchise Partners LLP
Institutional investor · Portfolio as of Q4 2025
Top Holdings27 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
SOLVENTUM CORP-W/I | 15.4M | $1.2B | 7.7% | $74.53 | +7.56% | 6 qtrssince 2024-Q3 | Increased 74 |
BRISTOL-MYERS SQUIBB CO | 20.8M | $1.1B | 7.1% | $47.04 | +10.92% | 26 qtrssince 2019-Q3 | Increased 63 |
GARTNER INC | 3.3M | $834.7M | 5.3% | $260.97 | -2.44% | 2 qtrssince 2025-Q3 | Increased 65 |
KENVUE INC | 48.1M | $830.5M | 5.3% | $19.08 | -12.68% | 6 qtrssince 2024-Q3 | Increased 88 |
ESTEE LAUDER COMPANIES-CL A | 7.8M | $820.7M | 5.2% | $102.54 | +3.22% | 10 qtrssince 2023-Q3 | Increased 63 |
LIVE NATION ENTERTAINMENT IN | 5.7M | $817.1M | 5.2% | $124.67 | +15.58% | 6 qtrssince 2024-Q3 | Increased 65 |
TRANSUNION | 9.1M | $783.5M | 5.0% | $86.89 | +0.11% | 16 qtrssince 2022-Q1 | Increased 95 |
INTERCONTINENTALEXCHANGE GRO COM | 4.8M | $782.6M | 5.0% | $117.84 | +38.46% | 19 qtrssince 2021-Q2 | Increased 60 |
NEWS CORP - CLASS A | 29.9M | $781.9M | 5.0% | $15.96 | +65.33% | 28 qtrssince 2019-Q1 | Increased 62 |
JOHNSON & JOHNSON | 3.7M | $756.7M | 4.8% | $134.77 | +53.52% | 28 qtrssince 2019-Q1 | Decreased 0 |
ZILLOW GROUP INC - C | 11M | $747.2M | 4.8% | $55.29 | +25.45% | 17 qtrssince 2021-Q4 | Increased 59 |
AON PLC | 2.1M | $746.5M | 4.7% | $265.66 | +32.48% | 22 qtrssince 2020-Q3 | Increased 59 |
FOX CORP - CLASS A | 9.8M | $714.4M | 4.5% | $32.08 | +129.73% | 28 qtrssince 2019-Q1 | Decreased 0 |
CORTEVA INC | 10.5M | $703.5M | 4.5% | $45.63 | +46.22% | 25 qtrssince 2019-Q4 | Increased 59 |
AIRBNB INC-CLASS A | 5.1M | $698.5M | 4.4% | $124.15 | +9.32% | 2 qtrssince 2025-Q3 | Increased 71 |
EBAY INC | 7.7M | $674.9M | 4.3% | $49.79 | +74.93% | 28 qtrssince 2019-Q1 | Increased 62 |
PHILIP MORRIS INTERNATIONAL | 3.8M | $613.3M | 3.9% | $70.11 | +131.00% | 28 qtrssince 2019-Q1 | Increased 59 |
WARNER MUSIC GROUP CORP | 13.1M | $401.7M | 2.6% | $30.39 | +0.27% | 7 qtrssince 2024-Q2 | Decreased 0 |
WARNER BROS DISCOVERY INC | 12.7M | $365.9M | 2.3% | $10.41 | +177.87% | 4 qtrssince 2025-Q1 | Decreased 0 |
FOX CORP - CLASS B | 5.2M | $336M | 2.1% | $32.92 | +98.63% | 11 qtrssince 2023-Q2 | Increased 55 |
Independent Franchise Partners LLP manages $15.7B across 27 positions as of Q4 2025. Top holdings: SOLV (7.7%), BMY (7.1%), IT (5.3%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 2.5/5.0.
Added 1 new position, exited 3, increased 18, trimmed 8. Top move: TRU (INCREASED, conviction 95). Portfolio: $15.7B across 27 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer