Independent Franchise Partners LLP
Form 13F · CIK 1483866. Holdings on 30 Jun 2026, as filed with the SEC on 13 Aug 2026, each set beside the March 2026 quarter. The 13F on the SEC's site.
Independent Franchise Partners LLP reported 26 positions worth $15.2B for the June 2026 quarter, on a Form 13F filed 13 Aug 2026; the largest holding was Bristol-Myers Squibb Co., at 8.2% of the fund.
What it bought and sold
The largest moves since the March 2026 quarter, by the dollars that moved: 0 opened, 18 added, 8 trimmed, 0 sold out.
Added: 18
| Company | Value | Change in shares |
|---|---|---|
| Otis Worldwide Corp. (OTIS) | $368.9M | +4,149,820 |
| Solventum Corp. (SOLV) | $1.2B | +436,543 |
| Live Nation Entertainment, Inc. (LYV) | $1.1B | +148,682 |
| TransUnion (TRU) | $1.0B | +1,844,708 |
| Salesforce, Inc. (CRM) | $911.6M | +1,783,787 |
| Intercontinental Exchange, Inc. (ICE) | $646.7M | +297,938 |
| Kenvue Inc. (KVUE) | $963.7M | +1,219,146 |
| Airbnb, Inc. (ABNB) | $776.1M | +148,103 |
| Johnson & Johnson (JNJ) | $772.9M | +71,750 |
| Philip Morris International Inc. (PM) | $466.4M | +17,762 |
Trimmed: 8
| Company | Value | Change in shares |
|---|---|---|
| Ebay Inc. (EBAY) | $508.1M | -2,225,579 |
| Estee Lauder Companies Inc. (EL) | $390.2M | -1,686,803 |
| Warner Bros. Discovery, Inc. (WBD) | $217.5M | -539,797 |
| Warner Music Group Corp. (WMG) | $351.9M | -36,450 |
| News Corp. (NWS) | $253.2M | -87,903 |
| TKO Group Holdings, Inc. (TKO) | $86.4M | -28,508 |
| Corteva, Inc. (CTVA) | $94.4M | -73,784 |
| Ryan Specialty Holdings, Inc. (RYAN) | $99.9M | -175,065 |
Largest holdings
Every holding, by value.
| Company | Value | Of the fund | Shares | Change in shares | Move |
|---|---|---|---|---|---|
| Bristol-Myers Squibb Co. (BMY) | $1.3B | 8.24% | 21,792,841 | +517,367 | Added |
| Solventum Corp. (SOLV) | $1.2B | 8.19% | 16,170,038 | +436,543 | Added |
| Live Nation Entertainment, Inc. (LYV) | $1.1B | 7.22% | 6,013,439 | +148,682 | Added |
| TransUnion (TRU) | $1.0B | 6.62% | 13,976,652 | +1,844,708 | Added |
| Kenvue Inc. (KVUE) | $963.7M | 6.32% | 50,427,994 | +1,219,146 | Added |
| Salesforce, Inc. (CRM) | $911.6M | 5.98% | 5,818,837 | +1,783,787 | Added |
| Aon plc (AON) | $878.0M | 5.76% | 2,646,943 | +58,941 | Added |
| News Corp. (NWSA) | $796.4M | 5.22% | 32,074,535 | +1,149,961 | Added |
| Airbnb, Inc. (ABNB) | $776.1M | 5.09% | 5,423,764 | +148,103 | Added |
| Johnson & Johnson (JNJ) | $772.9M | 5.07% | 3,043,186 | +71,750 | Added |
| Gartner Inc. (IT) | $723.7M | 4.75% | 5,582,962 | +982,191 | Added |
| Intercontinental Exchange, Inc. (ICE) | $646.7M | 4.24% | 5,253,130 | +297,938 | Added |
| Zillow Group, Inc. (Z) | $513.8M | 3.37% | 16,300,754 | +3,103,325 | Added |
| Ebay Inc. (EBAY) | $508.1M | 3.33% | 4,546,653 | -2,225,579 | Trimmed |
| Philip Morris International Inc. (PM) | $466.4M | 3.06% | 2,578,328 | +17,762 | Added |
| Fox Corp. (FOXA) | $438.1M | 2.87% | 8,398,658 | +223,964 | Added |
| Estee Lauder Companies Inc. (EL) | $390.2M | 2.56% | 4,941,737 | -1,686,803 | Trimmed |
| Otis Worldwide Corp. (OTIS) | $368.9M | 2.42% | 5,152,104 | +4,149,820 | Added |
| Warner Music Group Corp. (WMG) | $351.9M | 2.31% | 12,997,804 | -36,450 | Trimmed |
| Fox Corp. (FOX) | $256.8M | 1.69% | 5,482,675 | +174,794 | Added |
| News Corp. (NWS) | $253.2M | 1.66% | 9,023,857 | -87,903 | Trimmed |
| Warner Bros. Discovery, Inc. (WBD) | $217.5M | 1.43% | 8,157,933 | -539,797 | Trimmed |
| Zillow Group Inc. (ZG) | $115.2M | 0.76% | 3,672,937 | +934,455 | Added |
| Ryan Specialty Holdings, Inc. (RYAN) | $99.9M | 0.66% | 2,645,789 | -175,065 | Trimmed |
| Corteva, Inc. (CTVA) | $94.4M | 0.62% | 1,115,112 | -73,784 | Trimmed |
| TKO Group Holdings, Inc. (TKO) | $86.4M | 0.57% | 429,092 | -28,508 | Trimmed |
Every quarter it filed
What the fund reported and how many positions it held, each quarter since September 2024.
| Quarter | Reported value | Positions |
|---|---|---|
| June 2026 quarter | $15.2B | 26 |
| March 2026 quarter | $14.3B | 26 |
| December 2025 quarter | $15.7B | 27 |
| September 2025 quarter | $15.2B | 29 |
| June 2025 quarter | $15.0B | 25 |
| March 2025 quarter | $14.0B | 25 |
| December 2024 quarter | $13.3B | 25 |
| September 2024 quarter | $11.3B | 25 |