Q2 2025 · 13F-HR
Independent Franchise Partners LLPholdings as filed
Filed 2025-08-13 · accession 0001172661-25-003135
$15.03B
Reported value
25
Positions
2025-06-30
Period end
The Brief · Independent Franchise Partners LLP · Q2 2025
AI · grounded in 13F
Independent Franchise Partners LLP established a new position in Intercontinental Exchange ICE valued at $1.12B. The fund also initiated new stakes in Corteva Inc CTVA for $998.4M and Bristol-Myers Squibb Co BMY for $971M. Other new additions include News Corp New NWSA and Live Nation Entertainment Inc LYV. The fund ended the period with 25 positions and total AUM of $15.03B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $1.12B | 7.45% | 6,105,335 | Common | SOLE |
| 22052L104 | CTVA | CORTEVA INC | $998.4M | 6.64% | 13,395,475 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $971.0M | 6.46% | 20,976,954 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $866.9M | 5.77% | 29,170,531 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $853.3M | 5.68% | 5,640,306 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $801.0M | 5.33% | 5,244,138 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $780.2M | 5.19% | 3,568,470 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $773.3M | 5.14% | 11,039,921 | Common | SOLE |
| 83444M101 | SOLV | SOLVENTUM CORP | $769.1M | 5.12% | 10,141,066 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $694.8M | 4.62% | 3,814,895 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $654.4M | 4.35% | 31,265,574 | Common | SOLE |
| 518439104 | EL | LAUDER ESTEE COS INC | $637.7M | 4.24% | 7,892,037 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $605.1M | 4.03% | 5,697,981 | Common | SOLE |
| 278642103 | EBAY | EBAY INC. | $604.1M | 4.02% | 8,113,689 | Common | SOLE |
| 35137L105 | FOXA | FOX CORP | $601.7M | 4.00% | 10,736,192 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $572.4M | 3.81% | 3,146,091 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $545.4M | 3.63% | 3,415,129 | Common | SOLE |
| G0403H108 | AON | AON PLC | $528.3M | 3.51% | 1,480,916 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $408.9M | 2.72% | 4,646,903 | Common | SOLE |
| 934550203 | WMG | WARNER MUSIC GROUP CORP | $361.8M | 2.41% | 13,280,185 | Common | SOLE |
| 65249B208 | NWS | NEWS CORP NEW | $323.3M | 2.15% | 9,423,928 | Common | SOLE |
| 35137L204 | FOX | FOX CORP | $268.9M | 1.79% | 5,208,045 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $149.4M | 0.99% | 13,037,924 | Common | SOLE |
| 98954M101 | ZG | ZILLOW GROUP INC | $139.6M | 0.93% | 2,038,517 | Common | SOLE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $2.5M | 0.02% | 102,155 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.