Independent Franchise Partners LLP reported 25 positions worth $15.02B for the quarter ended Jun 30, 2026, up 6.9% on the prior quarter. It opened 0 new positions, added to 18, trimmed 7 and exited 0. Its largest holding is Bristol Myers Squibb Co at 8.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| OTIS Otis Worldwide Corp | +4.15M | +414.0% | $297.13M | 2.46% |
| CRM Salesforce, Inc. | +1.78M | +44.2% | $279.45M | 6.07% |
| TRU TransUnion | +1.84M | +15.2% | $133.08M | 6.71% |
| IT Gartner Inc | +982.2K | +21.3% | $127.31M | 4.82% |
| Z Zillow Group, Inc. | +3.10M | +23.5% | $97.82M | 3.42% |
| ICE Intercontinental Exchange, Inc. | +297.9K | +6.0% | $36.68M | 4.3% |
| SOLV Solventum Corp | +436.5K | +2.8% | $33.68M | 8.3% |
| BMY Bristol Myers Squibb Co | +517.4K | +2.4% | $29.81M | 8.36% |
| ZG Zillow Group, Inc. | +934.5K | +34.1% | $29.31M | 0.767% |
| NWSA News Corp | +1.15M | +3.7% | $28.55M | 5.3% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| EBAY Ebay Inc | -2.23M | -32.9% | $248.71M | 3.38% |
| EL Estee Lauder Companies Inc | -1.69M | -25.4% | $133.17M | 2.6% |
| RYAN Ryan Specialty Holdings, Inc. | -175.1K | -6.2% | $6.61M | 0.665% |
| CTVA Corteva, Inc. | -73.8K | -6.2% | $6.25M | 0.629% |
| TKO TKO Group Holdings, Inc. | -28.5K | -6.2% | $5.74M | 0.575% |
| NWS News Corp | -87.9K | -1.0% | $2.47M | 1.69% |
| WMG Warner Music Group Corp. | -36.5K | -0.3% | $986.70K | 2.34% |
No new positions this quarter.
No positions were closed this quarter.
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | BMY Bristol Myers Squibb Co | Healthcare | 21.79M | $1.26B | 8.36% | +517.4K | +2.4% | Added | 1.07% |
| 2 | SOLV Solventum Corp | Healthcare | 16.17M | $1.25B | 8.3% | +436.5K | +2.8% | Added | 9.36% |
| 3 | LYV Live Nation Entertainment, Inc. | Communication Services | 6.01M | $1.10B | 7.33% | +148.7K | +2.5% | Added | 2.55% |
| 4 | TRU TransUnion | Financial Services | 13.98M | $1.01B | 6.71% | +1.84M | +15.2% | Added | 7.27% |
| 5 | KVUE Kenvue Inc. | Consumer Staples | 50.43M | $963.68M | 6.41% | +1.22M | +2.5% | Added | 2.63% |
| 6 | CRM Salesforce, Inc. | Technology | 5.82M | $911.58M | 6.07% | +1.78M | +44.2% | Added | 0.67% |
| 7 | AON Aon plc | Financial Services | 2.65M | $877.96M | 5.84% | +58.9K | +2.3% | Added | 1.24% |
| 8 | NWSA News Corp | Communication Services | 32.07M | $796.41M | 5.3% | +1.15M | +3.7% | Added | 5.76% |
| 9 | ABNB Airbnb, Inc. | Technology | 5.42M | $776.14M | 5.17% | +148.1K | +2.8% | Added | 0.91% |
| 10 | JNJ Johnson & Johnson | Healthcare | 3.04M | $772.88M | 5.14% | +71.8K | +2.4% | Added | 0.13% |
| 11 | IT Gartner Inc | Industrials | 5.58M | $723.66M | 4.82% | +982.2K | +21.3% | Added | 8.4% |
| 12 | ICE Intercontinental Exchange, Inc. | Financial Services | 5.25M | $646.71M | 4.3% | +297.9K | +6.0% | Added | 0.93% |
| 13 | Z Zillow Group, Inc. | Technology | 16.30M | $513.80M | 3.42% | +3.10M | +23.5% | Added | 7.15% |
| 14 | EBAY Ebay Inc | Technology | 4.55M | $508.09M | 3.38% | -2.23M | -32.9% | Reduced | 1.02% |
| 15 | PM Philip Morris International Inc. | Consumer Staples | 2.58M | $466.45M | 3.1% | +17.8K | +0.7% | Added | 0.17% |
Tip. Select a row to see that position’s full history at Independent Franchise Partners LLP.
As of its Q2 2026 13F filing, Independent Franchise Partners LLP’s five largest positions were Bristol Myers Squibb Co (BMY) at 8.4%, Solventum Corp (SOLV) at 8.3%, Live Nation Entertainment, Inc. (LYV) at 7.3%, TransUnion (TRU) at 6.7%, Kenvue Inc. (KVUE) at 6.4% of the reported portfolio.
Independent Franchise Partners LLP reported a 13F portfolio worth $15.02B across 25 positions for Q2 2026. That is up 6.9% from the previous quarter.
Its largest purchases by value were Otis Worldwide Corp ($297.13M), Salesforce, Inc. ($279.45M), TransUnion ($133.08M). It opened 0 new positions.
Its largest sales by value were Ebay Inc ($248.71M), Estee Lauder Companies Inc ($133.17M), Ryan Specialty Holdings, Inc. ($6.61M). It exited 0 positions entirely.
From the Form 13F-HR reports Independent Franchise Partners LLP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.