Q3 2025 · 13F-HR
Independent Franchise Partners LLPholdings as filed
Filed 2025-11-14 · accession 0001172661-25-004789
$15.17B
Reported value
29
Positions
2025-09-30
Period end
The Brief · Independent Franchise Partners LLP · Q3 2025
AI · grounded in 13F
Independent Franchise Partners LLP established a new position in SOLV valued at $941.6M. The fund also initiated new stakes in BMY for $930.1M and LYV for $905.3M. Additional new positions include NWSA at $884.3M, JNJ at $850.9M, and IT at $840.2M. The fund ended the period with 29 positions and total AUM of $15.2B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 83444M101 | SOLV | SOLVENTUM CORP | $941.6M | 6.21% | 12,899,240 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $930.1M | 6.13% | 20,623,351 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $905.3M | 5.97% | 5,540,614 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $884.3M | 5.83% | 28,796,357 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $850.9M | 5.61% | 4,588,890 | Common | SOLE |
| 366651107 | IT | GARTNER INC | $840.2M | 5.54% | 3,196,127 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $836.7M | 5.52% | 10,858,836 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $805.7M | 5.31% | 4,781,925 | Common | SOLE |
| G0403H108 | AON | AON PLC | $747.6M | 4.93% | 2,096,486 | Common | SOLE |
| 22052L104 | CTVA | CORTEVA INC | $702.5M | 4.63% | 10,387,954 | Common | SOLE |
| 518439104 | EL | LAUDER ESTEE COS INC | $683.2M | 4.50% | 7,753,392 | Common | SOLE |
| 278642103 | EBAY | EBAY INC. | $669.7M | 4.41% | 7,363,607 | Common | SOLE |
| 35137L105 | FOXA | FOX CORP | $666.9M | 4.40% | 10,576,112 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $612.4M | 4.04% | 3,775,512 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $551.4M | 3.63% | 2,733,751 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $505.7M | 3.33% | 4,164,648 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $499.9M | 3.30% | 30,802,691 | Common | SOLE |
| 934550203 | WMG | WARNER MUSIC GROUP CORP | $448.0M | 2.95% | 13,153,384 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $383.3M | 2.53% | 4,575,284 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $317.6M | 2.09% | 2,931,316 | Common | SOLE |
| 65249B208 | NWS | NEWS CORP NEW | $316.8M | 2.09% | 9,168,830 | Common | SOLE |
| 35137L204 | FOX | FOX CORP | $293.0M | 1.93% | 5,114,507 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $256.0M | 1.69% | 13,107,132 | Common | SOLE |
| 98954M101 | ZG | ZILLOW GROUP INC | $149.1M | 0.98% | 2,002,694 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $113.7M | 0.75% | 563,116 | Common | SOLE |
| 68902V107 | OTIS | OTIS WORLDWIDE CORP | $100.4M | 0.66% | 1,098,496 | Common | SOLE |
| 78351F107 | RYAN | RYAN SPECIALTY HOLDINGS INC | $95.8M | 0.63% | 1,699,753 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $42.5M | 0.28% | 151,033 | Common | SOLE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $19.7M | 0.13% | 778,628 | 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.