Independent Franchise Partners LLP

CIK

1483866

Location

London, X0

Portfolio Value

Micro $99,522,484

Diversification

Diversified

Filing Date

Global Rank

#358 / 8,586 ▼ 12

Top Industry

Entertainment 21.3%

3Y Alpha vs SPY

-3.5%

Period ended 3 months ago

Filed May 14, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+62.7%

SPY

+78.1%

Annualised alpha

-3.6%

Max drawdown

−13.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

23 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.8%

+1.3 pts

Top 5

37.1%

+3.5 pts

Top 10

66.4%

+5.5 pts

HHI

582

Diversified+42

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	23.1%	$3,044,092,536	3
Communication Services	22.1%	$2,920,141,169	7
Financial Services	19.3%	$2,549,292,700	4
Consumer Defensive	13.2%	$1,747,454,836	3
Technology	11.2%	$1,481,708,863	2
Consumer Cyclical	9.7%	$1,282,619,027	2
Basic Materials	0.8%	$99,522,484	1
Industrials	0.6%	$77,256,050	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

13 positions

Ticker	Company	Δ Shares	Shares	Value
CRM	Salesforce, Inc.	+3,497,051	4,035,050	$753,222,783
TRU	TransUnion	+2,995,041	12,131,944	$839,409,205
IT	Gartner Inc	+1,292,205	4,600,771	$728,486,080
KVUE	Kenvue Inc.	+1,062,372	49,208,848	$848,360,539
NWSA	News Corp	+990,526	30,924,574	$770,949,629
ZG	Zillow Group, Inc.	+713,926	2,738,482	$113,345,769
RYAN	Ryan Specialty Holdings, Inc.	+705,541	2,820,854	$95,175,613
AON	Aon plc	+472,479	2,588,002	$835,355,285
BMY	Bristol Myers Squibb Co	+447,326	21,275,474	$1,290,357,498
SOLV	Solventum Corp	+377,804	15,733,495	$1,027,397,223
LYV	Live Nation Entertainment, Inc.	+131,039	5,864,757	$894,434,090
ABNB	Airbnb, Inc.	+129,389	5,275,661	$666,210,471
ICE	Intercontinental Exchange, Inc.	+123,339	4,955,192	$779,352,597
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
CTVA	Corteva, Inc.	−9,306,492	1,188,896	$99,522,484
WBD	Warner Bros. Discovery, Inc.	−3,999,444	8,697,730	$238,839,665
FOXA	Fox Corp	−1,602,825	8,174,694	$477,402,129
PM	Philip Morris International Inc.	−1,263,162	2,560,566	$423,363,982
EL	Estee Lauder Companies Inc	−1,208,709	6,628,540	$475,730,315
EBAY	Ebay Inc	−975,945	6,772,232	$616,408,556
JNJ	Johnson & Johnson	−684,893	2,971,436	$726,337,815
WMG	Warner Music Group Corp.	−61,951	13,034,254	$332,894,847
OTIS	Otis Worldwide Corp	−61,865	1,002,284	$77,256,050
TKO	TKO Group Holdings, Inc.	−28,232	457,600	$92,275,040
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
RBA	Rb Global Inc.	1,151,798	$118,485,460
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $99,522,484 total · Basic Materials only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
CTVA	Corteva, Inc. Basic Materials	Reduced	1,188,896	-9,306,492	$99,522,484	−85.9%	100.00%