Q4 2025 · 13F-HR
Independent Franchise Partners LLPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000867
$15.72B
Reported value
27
Positions
2025-12-31
Period end
The Brief · Independent Franchise Partners LLP · Q4 2025
AI · grounded in 13F
Independent Franchise Partners LLP closed its position in EA, reducing exposure by $551.4M. The fund established a new position in CRM valued at $142.5M and nearly doubled its share count in TRU by 99.7%. Other notable moves include increasing holdings in KVUE by 56.3% and trimming RBA by 60.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 83444M101 | SOLV | SOLVENTUM CORP | $1.22B | 7.74% | 15,355,691 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $1.12B | 7.14% | 20,828,148 | Common | SOLE |
| 366651107 | IT | GARTNER INC | $834.7M | 5.31% | 3,308,566 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $830.5M | 5.28% | 48,146,476 | Common | SOLE |
| 518439104 | EL | LAUDER ESTEE COS INC | $820.7M | 5.22% | 7,837,249 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $817.1M | 5.20% | 5,733,718 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $783.5M | 4.98% | 9,136,903 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $782.6M | 4.98% | 4,831,853 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $781.9M | 4.97% | 29,934,048 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $756.7M | 4.81% | 3,656,329 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $747.2M | 4.75% | 10,953,405 | Common | SOLE |
| G0403H108 | AON | AON PLC | $746.5M | 4.75% | 2,115,523 | Common | SOLE |
| 35137L105 | FOXA | FOX CORP | $714.4M | 4.54% | 9,777,519 | Common | SOLE |
| 22052L104 | CTVA | CORTEVA INC | $703.5M | 4.47% | 10,495,388 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $698.5M | 4.44% | 5,146,272 | Common | SOLE |
| 278642103 | EBAY | EBAY INC. | $674.9M | 4.29% | 7,748,177 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $613.3M | 3.90% | 3,823,728 | Common | SOLE |
| 934550203 | WMG | WARNER MUSIC GROUP CORP | $401.7M | 2.55% | 13,096,205 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $365.9M | 2.33% | 12,697,174 | Common | SOLE |
| 35137L204 | FOX | FOX CORP | $336.0M | 2.14% | 5,174,660 | Common | SOLE |
| 65249B208 | NWS | NEWS CORP NEW | $271.5M | 1.73% | 9,161,455 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $142.5M | 0.91% | 537,999 | Common | SOLE |
| 98954M101 | ZG | ZILLOW GROUP INC | $138.1M | 0.88% | 2,024,556 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $118.5M | 0.75% | 1,151,798 | Common | SOLE |
| 78351F107 | RYAN | RYAN SPECIALTY HOLDINGS INC | $109.2M | 0.69% | 2,115,313 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $101.5M | 0.65% | 485,832 | Common | SOLE |
| 68902V107 | OTIS | OTIS WORLDWIDE CORP | $93.0M | 0.59% | 1,064,149 | 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.