Troy Asset Management Ltd — 13F Holdings & Portfolio
CIK 1601407 · latest 13F-HR filed 2026-07-31
Troy Asset Management Ltd manages $3.59B in 13F-reported U.S. long-equity assets across 29 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are V (15.62%), GOOGL (12.78%), A (9.92%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 4; 14 existing positions rose in reported value and 8 fell.
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.
Long-equity book
Distinct positions
Filed 2026-07-31
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 82.6%Cumulative share of the portfolio held in the largest N positions.
LONDON W1K 4BP
United Kingdom
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BOYLE, GABRIELLE, MARY Control | EXECUTIVE DIRECTOR | Less than 5% | Individual |
| BRENNAN, SETH, WILLIAM Control | NON-EXECUTIVE DIRECTOR | Less than 5% | Individual |
| BROOKE, FRANCIS, GEORGE WINDHAM Control | NON-EXECUTIVE DIRECTOR, CHARIMAN AND SHAREHOLDER - ORDINARY SHARES | 10–25% | Individual |
| DAVIES, CHARLES, WILLIAM Control | FINANCE DIRECTOR AND CHIEF EXECUTIVE OFFICER | Less than 5% | Individual |
| HUGHES, NICHOLAS, CHARLES Control | CHIEF OPERATING OFFICER AND CHIEF EXECUTIVE OFFICER | Less than 5% | Individual |
| LINCOLN PEAK CAPITAL, LLC Control | MEMBER | 75% or more | Domestic Entity |
| LPC OAK, LLC Control | SHAREHOLDER | 25–50% | Domestic Entity |
| LYON, SEBASTIAN, JEREMY Control | FOUNDER, CHIEF INVESTMENT OFFICER, CHIEF EXECUTIVE OFFICER AND SHAREHOLDER - ORDINARY SHARES | 10–25% | Individual |
| SONI, RAJESH, NMN Control | CHIEF COMPLIANCE OFFICER AND HEAD OF COMPLIANCE | Less than 5% | Individual |
| VON WESTENHOLZ, FREDERICK, PATRICK PIERS Control | EXECUTIVE DIRECTOR | Less than 5% | Individual |
| Chenevix-Trench, Jonathan, Charles Stewart | NON-EXECUTIVE DIRECTOR | Less than 5% | Individual |
| HANKEY, GEORGE, JAMES BARNARD | GENERAL COUNSEL | Less than 5% | Individual |
| HOGG, CRESSIDA, MARY | NON-EXECUTIVE DIRECTOR | Less than 5% | Individual |
| OCORIAN LIMITED | TRUSTEE OF TROY ASSET MANAGEMENT EMPLOYEE BENEFIT TRUST AND NOMINEE | 50–75% | Foreign Entity |
| PETHICK, JAN, STEPHEN | NON-EXECUTIVE DIRECTOR | Less than 5% | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- AGILENT TECHNOLOGIES INC$80.5M +29.3%
- VISA INC-CLASS A SHARES$66.8M +13.6%
- CANADIAN NATL RAILWAY CO$37.7M +13.2%
- ALPHABET INC-CL A$32.8M +7.7%
- ALCON INC$30.5M +17.2%
Top Trims
- HUBBELL INC-$42.6M -15.7%
- ADOBE INC-$30.5M -23.9%
- VERISIGN INC-$25.8M -13.3%
- INTUIT INC-$15.8M -51.0%
- PAYCHEX INC-$9.0M -26.8%
New Positions
- MARKEL GROUP INC$120.1M
- CANADIAN PACIFIC KANSAS CITY$15.9M
- ASTRAZENECA$7.4M
Exited Positions
- ACCENTURE PLC-CL A$27.5M
- MCDONALD'S CORP$22.3M
- AUTOMATIC DATA PROCESSING$21.9M
- TAIWAN SEMICONDUCTOR-SP ADR$56.8K
Troy Asset Management Ltd Holdings (2026-06-30)
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 | VISA INC-CLASS A SHARES | V | 92826C839 | $560.1M | 15.62% | 1,632,408 | SH |
| 2 | ALPHABET INC-CL A | GOOGL | 02079K305 | $458.3M | 12.78% | 1,282,411 | SH |
| 3 | AGILENT TECHNOLOGIES INC | A | 00846U101 | $355.5M | 9.92% | 2,676,647 | SH |
| 4 | CANADIAN NATL RAILWAY CO | CNI | 136375102 | $322.3M | 8.99% | 2,564,246 | SH |
| 5 | CHUBB LTD | CB | H1467J104 | $295.1M | 8.23% | 866,176 | SH |
| 6 | MICROSOFT CORP | MSFT | 594918104 | $246.1M | 6.86% | 659,861 | SH |
| 7 | HUBBELL INC | HUBB | 443510607 | $229.3M | 6.39% | 438,244 | SH |
| 8 | ALCON INC | ALC | H01301128 | $207.6M | 5.79% | 3,801,548 | SH |
| 9 | VERISIGN INC | VRSN | 92343E102 | $168.8M | 4.71% | 670,837 | SH |
| 10 | MARKEL GROUP INC | MKL | 570535104 | $120.1M | 3.35% | 61,509 | SH |
| 11 | ADOBE INC | ADBE | 00724F101 | $97.1M | 2.71% | 473,694 | SH |
| 12 | MASTERCARD INC - A | MA | 57636Q104 | $71.2M | 1.99% | 138,720 | SH |
| 13 | CME GROUP INC | CME | 12572Q105 | $61.5M | 1.72% | 278,677 | SH |
| 14 | META PLATFORMS INC | META | 30303M102 | $47.9M | 1.34% | 85,011 | SH |
| 15 | TEXAS INSTRUMENTS INC | TXN | 882508104 | $45.8M | 1.28% | 153,815 | SH |
| 16 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $41.2M | 1.15% | 231,246 | SH |
| 17 | AMAZON.COM INC AMZN US | AMZN | 023135106 | $32.1M | 0.90% | 134,889 | SH |
| 18 | SYSCO CORP | SYY | 871829107 | $31.5M | 0.88% | 376,447 | SH |
| 19 | PAYCHEX INC | PAYX | 704326107 | $24.7M | 0.69% | 250,985 | SH |
| 20 | PEPSICO INC | PEP | 713448108 | $24.7M | 0.69% | 182,153 | SH |
| 21 | PHILIP MORRIS INT | PM | 718172109 | $22.4M | 0.62% | 123,550 | SH |
| 22 | NIKE INC -CL B | NKE | 654106103 | $19.0M | 0.53% | 462,264 | SH |
| 23 | S&P GLOBAL INC | SPGI | 78409V104 | $18.5M | 0.52% | 45,404 | SH |
| 24 | TAKE-TWO INTERACTIVE SOFTWRE | TTWO | 874054109 | $17.9M | 0.50% | 71,786 | SH |
| 25 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $15.9M | 0.44% | 183,413 | SH |
| 26 | INTUIT INC | INTU | 461202103 | $15.2M | 0.42% | 58,195 | SH |
| 27 | KENVUE INC | KVUE | 49177J102 | $14.3M | 0.40% | 749,323 | SH |
| 28 | MOODY'S CORP | MCO | 615369105 | $14.3M | 0.40% | 31,468 | SH |
| 29 | ASTRAZENECA | AZN | G0593M107 | $7.4M | 0.21% | 52,367 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-31 | $3.59B | 29 | 0001601407-26-000004 |
| 2026-03-31 | 2026-05-11 | $3.35B | 30 | 0001601407-26-000003 |
| 2025-12-31 | 2026-02-09 | $3.88B | 31 | 0001601407-26-000001 |
| 2024-06-30 | 2025-12-03 | $3.08B | 33 | 0001601407-25-000043 |
LONDON W1K4BP