Fund Holdings

Independent Franchise Partners LLP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
SALESFORCE INC(CRM)537,9994,035,050+3,497,051142,521,315753,222,7835.27%+610,701,468
BRISTOL-MYERS SQUIBB CO(BMY)20,828,14821,275,474+447,3261,123,470,3031,290,357,4989.03%+166,887,195
AON PLC(AON)2,115,5232,588,002+472,479746,525,756835,355,2855.85%+88,829,529
LIVE NATION ENTERTAINMENT IN(LYV)5,733,7185,864,757+131,039817,054,815894,434,0906.26%+77,379,275
TRANSUNION(TRU)9,136,90312,131,944+2,995,041783,489,432839,409,2055.87%+55,919,773
KENVUE INC(KVUE)48,146,47649,208,848+1,062,372830,526,711848,360,5395.94%+17,833,828
INTERCONTINENTAL EXCHANGE IN(ICE)4,831,8534,955,192+123,339782,566,911779,352,5975.45%-3,214,314
TKO GROUP HOLDINGS INC(TKO)485,832457,600-28,232101,538,88892,275,0400.65%-9,263,848
NEWS CORP NEW(NWS)29,934,04830,924,574+990,526781,877,333770,949,6295.40%-10,927,704
NEWS CORP NEW(NWS)9,161,4559,111,760-49,695271,453,911259,776,2771.82%-11,677,634
RYAN SPECIALTY HOLDINGS INC(RYAN)2,115,3132,820,854+705,541109,213,61095,175,6130.67%-14,037,997
OTIS WORLDWIDE CORP(OTIS)1,064,1491,002,284-61,86592,953,41577,256,0500.54%-15,697,365
ZILLOW GROUP INC(Z)2,024,5562,738,482+713,926138,135,455113,345,7690.79%-24,789,686
JOHNSON & JOHNSON(JNJ)3,656,3292,971,436-684,893756,677,286726,337,8155.08%-30,339,471
AIRBNB INC5,146,2725,275,661+129,389698,452,035666,210,4714.66%-32,241,564
FOX CORP(FOX)5,174,6605,307,881+133,221335,990,673281,848,4811.97%-54,142,192
EBAY INC.(EBAY)7,748,1776,772,232-975,945674,866,216616,408,5564.31%-58,457,660
WARNER MUSIC GROUP CORP(WMG)13,096,20513,034,254-61,951401,660,607332,894,8472.33%-68,765,760
GARTNER INC(IT)3,308,5664,600,771+1,292,205834,685,030728,486,0805.10%-106,198,950
RB GLOBAL INC(RBA)1,151,7980-1,151,798118,485,4600-118,485,460
WARNER BROS DISCOVERY INC(WBD)12,697,1748,697,730-3,999,444365,932,554238,839,6651.67%-127,092,889
SOLVENTUM CORP(SOLV)15,355,69115,733,495+377,8041,216,784,9541,027,397,2237.19%-189,387,731
PHILIP MORRIS INTL INC(PM)3,823,7282,560,566-1,263,162613,325,971423,363,9822.96%-189,961,989
ZILLOW GROUP INC(Z)10,953,40513,197,429+2,244,024747,241,289546,109,6123.82%-201,131,677
FOX CORP(FOX)9,777,5198,174,694-1,602,825714,443,313477,402,1293.34%-237,041,184
LAUDER ESTEE COS INC(EL)7,837,2496,628,540-1,208,709820,716,715475,730,3153.33%-344,986,400
CORTEVA INC(CTVA)10,495,3881,188,896-9,306,492703,505,85799,522,4840.70%-603,983,373
Page 1 of 1