Independent Franchise Partners LLP — 13F Holdings & Portfolio
CIK 1483866 · latest 13F-HR filed 2026-05-14
Independent Franchise Partners LLP manages $14.29B in 13F-reported U.S. long-equity assets across 26 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are BMY (9.03%), SOLV (7.19%), LYV (6.26%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 0 new positions, exited 1, added to 5, and trimmed 15.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$14.29B
Long-equity book
26
Distinct positions
2026-03-31
Filed 2026-05-14
+0 / −1 / ↑5 / ↓15
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SALESFORCE INC$610.7M +428.5%
- BRISTOL-MYERS SQUIBB CO$166.9M +14.9%
- AON PLC$88.8M +11.9%
- LIVE NATION ENTERTAINMENT IN$77.4M +9.5%
- TRANSUNION$55.9M +7.1%
Top Trims
- CORTEVA INC-$604.0M -85.9%
- LAUDER ESTEE COS INC-$345.0M -42.0%
- FOX CORP-$237.0M -33.2%
- ZILLOW GROUP INC-$201.1M -26.9%
- PHILIP MORRIS INTL INC-$190.0M -31.0%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | BRISTOL-MYERS SQUIBB CO | BMY | 110122108 | $1.29B | 9.03% | 21,275,474 | SH |
| 2 | SOLVENTUM CORP | SOLV | 83444M101 | $1.03B | 7.19% | 15,733,495 | SH |
| 3 | LIVE NATION ENTERTAINMENT IN | LYV | 538034109 | $894.4M | 6.26% | 5,864,757 | SH |
| 4 | KENVUE INC | KVUE | 49177J102 | $848.4M | 5.94% | 49,208,848 | SH |
| 5 | TRANSUNION | TRU | 89400J107 | $839.4M | 5.87% | 12,131,944 | SH |
| 6 | AON PLC | AON | G0403H108 | $835.4M | 5.85% | 2,588,002 | SH |
| 7 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $779.4M | 5.45% | 4,955,192 | SH |
| 8 | NEWS CORP NEW | NWSA | 65249B109 | $770.9M | 5.40% | 30,924,574 | SH |
| 9 | SALESFORCE INC | CRM | 79466L302 | $753.2M | 5.27% | 4,035,050 | SH |
| 10 | GARTNER INC | IT | 366651107 | $728.5M | 5.10% | 4,600,771 | SH |
| 11 | JOHNSON & JOHNSON | JNJ | 478160104 | $726.3M | 5.08% | 2,971,436 | SH |
| 12 | AIRBNB INC | ABNB | 009066101 | $666.2M | 4.66% | 5,275,661 | SH |
| 13 | EBAY INC. | EBAY | 278642103 | $616.4M | 4.31% | 6,772,232 | SH |
| 14 | ZILLOW GROUP INC | Z | 98954M200 | $546.1M | 3.82% | 13,197,429 | SH |
| 15 | FOX CORP | FOXA | 35137L105 | $477.4M | 3.34% | 8,174,694 | SH |
| 16 | LAUDER ESTEE COS INC | EL | 518439104 | $475.7M | 3.33% | 6,628,540 | SH |
| 17 | PHILIP MORRIS INTL INC | PM | 718172109 | $423.4M | 2.96% | 2,560,566 | SH |
| 18 | WARNER MUSIC GROUP CORP | WMG | 934550203 | $332.9M | 2.33% | 13,034,254 | SH |
| 19 | FOX CORP | FOX | 35137L204 | $281.8M | 1.97% | 5,307,881 | SH |
| 20 | NEWS CORP NEW | NWS | 65249B208 | $259.8M | 1.82% | 9,111,760 | SH |
| 21 | WARNER BROS DISCOVERY INC | WBD | 934423104 | $238.8M | 1.67% | 8,697,730 | SH |
| 22 | ZILLOW GROUP INC | ZG | 98954M101 | $113.3M | 0.79% | 2,738,482 | SH |
| 23 | CORTEVA INC | CTVA | 22052L104 | $99.5M | 0.70% | 1,188,896 | SH |
| 24 | RYAN SPECIALTY HOLDINGS INC | RYAN | 78351F107 | $95.2M | 0.67% | 2,820,854 | SH |
| 25 | TKO GROUP HOLDINGS INC | TKO | 87256C101 | $92.3M | 0.65% | 457,600 | SH |
| 26 | OTIS WORLDWIDE CORP | OTIS | 68902V107 | $77.3M | 0.54% | 1,002,284 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $14.29B | 26 | 0001172661-26-001918 |
| 2025-12-31 | 2026-02-17 | $15.72B | 27 | 0001172661-26-000867 |
| 2025-09-30 | 2025-11-14 | $15.17B | 29 | 0001172661-25-004789 |