Troy Asset Management Ltd

CIK

1601407

Location

LONDON, X0

Portfolio Value

Mid $3,619,353,803

Diversification

Diversified

Filing Date

Global Rank

#922 / 8,633 ▼ 51

Top Industry

Credit Services 17.4%

3Y Alpha vs SPY

+1.6%

Period ended 51 days ago

Filed Jul 31, 2026 · 20d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+86.1%

SPY

+76.2%

Annualised alpha

+2.2%

Max drawdown

−14.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

29 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

15.5%

+0.9 pts

Top 5

54.6%

+2.9 pts

Top 10

82.7%

−0.6 pts

HHI

826

Diversified+25

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	31.5%	$1,140,861,913	7
Healthcare	17.1%	$620,552,721	3
Technology	16.5%	$597,729,735	6
Industrials	15.2%	$550,942,689	3
Communication Services	14.5%	$524,126,129	3
Consumer Defensive	2.6%	$92,797,948	4
Consumer Cyclical	2.6%	$92,342,668	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
ALC	Alcon Inc	+813,113	3,801,548	$255,083,870
A	Agilent Technologies, Inc.	+263,415	2,676,647	$355,539,021
BKNG	Booking Holdings Inc.	+223,625	231,246	$41,217,287
CME	Cme Group Inc.	+50,020	278,677	$61,540,241
META	Meta Platforms, Inc.	+13,170	85,011	$47,885,846
AMZN	Amazon Com Inc	+12,631	134,889	$32,149,444
MA	Mastercard Inc	+10,273	138,720	$71,246,592
TTWO	Take Two Interactive Software Inc	+6,723	71,786	$17,945,064
SPGI	S&P Global Inc.	+4,248	45,404	$18,491,232
MCO	Moodys Corp /De/	+2,946	31,468	$14,252,486
V	Visa Inc.	+497	1,632,408	$560,062,860
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−197,250	1,282,411	$458,295,219
HUBB	Hubbell Inc	−115,737	438,244	$229,289,260
PAYX	Paychex Inc	−114,965	250,985	$24,679,355
VRSN	Verisign Inc/Ca	−112,517	670,837	$168,755,755
CNI	Canadian National Railway Co	−64,716	2,564,246	$305,760,693
KVUE	Kenvue Inc.	−60,131	749,323	$14,319,562
ADBE	Adobe Inc.	−51,173	473,694	$97,116,743
NKE	NIKE, Inc.	−36,200	462,264	$18,975,937
SYY	Sysco Corp	−29,691	376,447	$31,463,440
MSFT	Microsoft Corp	−27,411	659,861	$246,141,350
PEP	Pepsico Inc	−14,456	182,153	$24,663,516
INTU	Intuit Inc.	−13,427	58,195	$15,188,895
TXN	Texas Instruments Inc	−12,228	153,815	$45,847,637
CB	Chubb Ltd	−8,600	866,176	$295,140,810
PM	Philip Morris International Inc.	−6,938	123,550	$22,351,430
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
MKL	Markel Group Inc.	61,509	$120,127,692
CP	Canadian Pacific Kansas City Ltd/Cn	183,413	$15,892,736
AZN	Astrazeneca PLC	52,367	$9,929,830
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
ACN	Accenture plc	138,585	$27,480,019
MCD	Mcdonalds Corp	71,876	$22,338,342
ADP	Automatic Data Processing Inc	107,694	$21,881,266
TSM	Taiwan Semiconductor Manufacturing Co Ltd	168	$56,775
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

29 tracked positions · $3,619,353,803 total · filing declares 29 positions · $3,585,782,780 · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
V	Visa Inc. Financial Services	Added	1,632,408	+497	$560,062,860	+13.6%	15.47%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,282,411	-197,250	$458,295,219	+7.7%	12.66%
A	Agilent Technologies, Inc. Healthcare	Added	2,676,647	+263,415	$355,539,021	+29.3%	9.82%
CNI	Canadian National Railway Co Industrials	Reduced	2,564,246	-64,716	$305,760,693	+13.2%	8.45%
CB	Chubb Ltd Financial Services	Reduced	866,176	-8,600	$295,140,810	+3.5%	8.15%
ALC	Alcon Inc Healthcare	Added	3,801,548	+813,113	$255,083,870	+13.3%	7.05%
MSFT	Microsoft Corp Technology	Reduced	659,861	-27,411	$246,141,350	−3.2%	6.80%
HUBB	Hubbell Inc Industrials	Reduced	438,244	-115,737	$229,289,260	−15.7%	6.34%
VRSN	Verisign Inc/Ca Technology	Reduced	670,837	-112,517	$168,755,755	−13.3%	4.66%
MKL	Markel Group Inc. Financial Services	NEW	61,509	NEW	$120,127,692	NEW	3.32%
ADBE	Adobe Inc. Technology	Reduced	473,694	-51,173	$97,116,743	−23.9%	2.68%
MA	Mastercard Inc Financial Services	Added	138,720	+10,273	$71,246,592	+11.0%	1.97%
CME	Cme Group Inc. Financial Services	Added	278,677	+50,020	$61,540,241	−8.9%	1.70%
META	Meta Platforms, Inc. Communication Services	Added	85,011	+13,170	$47,885,846	+16.5%	1.32%
TXN	Texas Instruments Inc Technology	Reduced	153,815	-12,228	$45,847,637	+42.2%	1.27%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	231,246	+223,625	$41,217,287	+28.5%	1.14%
AMZN	Amazon Com Inc Consumer Cyclical	Added	134,889	+12,631	$32,149,444	+26.3%	0.89%
SYY	Sysco Corp Consumer Defensive	Reduced	376,447	-29,691	$31,463,440	+8.6%	0.87%
PAYX	Paychex Inc Technology	Reduced	250,985	-114,965	$24,679,355	−26.8%	0.68%
PEP	Pepsico Inc Consumer Defensive	Reduced	182,153	-14,456	$24,663,516	−19.2%	0.68%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	123,550	-6,938	$22,351,430	+3.6%	0.62%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	462,264	-36,200	$18,975,937	−27.9%	0.52%
SPGI	S&P Global Inc. Financial Services	Added	45,404	+4,248	$18,491,232	+5.6%	0.51%
TTWO	Take Two Interactive Software Inc Communication Services	Added	71,786	+6,723	$17,945,064	+39.7%	0.50%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	NEW	183,413	NEW	$15,892,736	NEW	0.44%
INTU	Intuit Inc. Technology	Reduced	58,195	-13,427	$15,188,895	−51.0%	0.42%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	749,323	-60,131	$14,319,562	+2.6%	0.40%
MCO	Moodys Corp /De/ Financial Services	Added	31,468	+2,946	$14,252,486	+14.5%	0.39%
AZN	Astrazeneca PLC Healthcare	NEW	52,367	NEW	$9,929,830	NEW	0.27%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.