13F HOLDINGS REPORT
Independent Franchise Partners LLP
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001172661-25-004789
Total Value
$15.17B
Positions
29
Other Managers
0
Confidential Omitted
No
Holdings (29)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SOLVENTUM CORP | SOLV | 12,899,240 | $941.6M | 6.21% |
| 2 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 20,623,351 | $930.1M | 6.13% |
| 3 | LIVE NATION ENTERTAINMENT IN | LYV | 5,540,614 | $905.3M | 5.97% |
| 4 | NEWS CORP NEW | NWSLL | 28,796,357 | $884.3M | 5.83% |
| 5 | JOHNSON & JOHNSON | JNJ | 4,588,890 | $850.9M | 5.61% |
| 6 | GARTNER INC | IT | 3,196,127 | $840.2M | 5.54% |
| 7 | ZILLOW GROUP INC | Z | 10,858,836 | $836.7M | 5.52% |
| 8 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 4,781,925 | $805.7M | 5.31% |
| 9 | AON PLC | AON | 2,096,486 | $747.6M | 4.93% |
| 10 | CORTEVA INC | CTVA | 10,387,954 | $702.5M | 4.63% |
| 11 | LAUDER ESTEE COS INC | 518439104 | 7,753,392 | $683.2M | 4.50% |
| 12 | EBAY INC. | EBAY | 7,363,607 | $669.7M | 4.41% |
| 13 | FOX CORP | FOX | 10,576,112 | $666.9M | 4.40% |
| 14 | PHILIP MORRIS INTL INC | 718172109 | 3,775,512 | $612.4M | 4.04% |
| 15 | ELECTRONIC ARTS INC | EA | 2,733,751 | $551.4M | 3.63% |
| 16 | AIRBNB INC | ABNB | 4,164,648 | $505.7M | 3.33% |
| 17 | KENVUE INC | KVUE | 30,802,691 | $499.9M | 3.30% |
| 18 | WARNER MUSIC GROUP CORP | WMG | 13,153,384 | $448.0M | 2.95% |
| 19 | TRANSUNION | TRU | 4,575,284 | $383.3M | 2.53% |
| 20 | RB GLOBAL INC | RBA | 2,931,316 | $317.6M | 2.09% |
| 21 | NEWS CORP NEW | NWSLL | 9,168,830 | $316.8M | 2.09% |
| 22 | FOX CORP | FOX | 5,114,507 | $293.0M | 1.93% |
| 23 | WARNER BROS DISCOVERY INC | WBD | 13,107,132 | $256.0M | 1.69% |
| 24 | ZILLOW GROUP INC | Z | 2,002,694 | $149.1M | 0.98% |
| 25 | TKO GROUP HOLDINGS INC | TKO | 563,116 | $113.7M | 0.75% |
| 26 | OTIS WORLDWIDE CORP | OTIS | 1,098,496 | $100.4M | 0.66% |
| 27 | RYAN SPECIALTY HOLDINGS INC | RYAN | 1,699,753 | $95.8M | 0.63% |
| 28 | ORACLE CORP | ORCL-PD | 151,033 | $42.5M | 0.28% |
| 29 | RENTOKIL INITIAL PLC | RKLIF | 778,628 | $19.7M | 0.13% |