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Independent Franchise Partners LLP
hedge fundUpdated 28 days agoManaged by Independent Franchise Partners Llp • Latest filing Q2 2026
Portfolio value
$15.2B
Q2 2026
Filings
14
Quarterly 13F history
Top-10 concentration
100.0%
Weight of largest holdings
Annualized return
8.8%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 14 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $11.1B |
| Q2 2023 | $11.9B |
| Q3 2023 | $11.5B |
| Q4 2023 | $11.8B |
| Q1 2024 | $12.1B |
| Q2 2024 | $10.9B |
| Q3 2024 | $11.3B |
| Q4 2024 | $13.3B |
| Q1 2025 | $14B |
| Q2 2025 | $15B |
| Q3 2025 | $15.2B |
| Q4 2025 | $15.7B |
| Q1 2026 | $14.3B |
| Q2 2026 | $15.2B |
Top holdings
26 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | C CELG-RI BRISTOL-MYERS SQUIBB CO | $1.3B | 21.79M | 8.24% | — |
| 2 | S SOLV SOLVENTUM CORP | $1.2B | 16.17M | 8.18% | — |
| 3 | L LYV LIVE NATION ENTERTAINMENT IN | $1.1B | 6.01M | 7.22% | — |
| 4 | T TRU TRANSUNION | $1B | 13.98M | 6.61% | — |
| 5 | K KVUE KENVUE INC | $963.7M | 50.43M | 6.32% | — |
| 6 | C CRM SALESFORCE INC | $911.6M | 5.82M | 5.98% | — |
| 7 | A AON AON PLC | $878M | 2.65M | 5.76% | — |
| 8 | N NWSLL NEWS CORP NEW | $796.4M | 32.07M | 5.22% | — |
| 9 | A ABNB AIRBNB INC | $776.1M | 5.42M | 5.09% | — |
| 10 | J JNJ JOHNSON & JOHNSON | $772.9M | 3.04M | 5.07% | — |
| 11 | I IT GARTNER INC | $723.7M | 5.58M | 4.75% | — |
| 12 | I ICE INTERCONTINENTAL EXCHANGE IN | $646.7M | 5.25M | 4.24% | — |
| 13 | Z Z ZILLOW GROUP INC | $513.8M | 16.30M | 3.37% | — |
| 14 | E EBAY EBAY INC. | $508.1M | 4.55M | 3.33% | — |
| 15 | P PM PHILIP MORRIS INTL INC | $466.4M | 2.58M | 3.06% | — |
| 16 | F FOX FOX CORP | $438.1M | 8.40M | 2.87% | — |
| 17 | E EL LAUDER ESTEE COS INC | $390.2M | 4.94M | 2.56% | — |
| 18 | O OTIS OTIS WORLDWIDE CORP | $368.9M | 5.15M | 2.42% | — |
| 19 | W WMG WARNER MUSIC GROUP CORP | $351.9M | 13.00M | 2.31% | — |
| 20 | F FOX FOX CORP | $256.8M | 5.48M | 1.68% | — |