Independent Franchise Partners LLP Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001483866 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $15.17B (100.0% shares, 0.0% debt)

Holdings (29)

SOLV SOLVENTUM CORP 6.2%

Value $942M Shares 12,899,240 Est. Cost $71.84 Unrealized +2.0%

BMY BRISTOL-MYERS SQUIBB CO 6.1%

Value $930M Shares 20,623,351 Est. Cost $47.87 Unrealized -4.9%

LYV LIVE NATION ENTERTAINMENT IN 6.0%

Value $905M Shares 5,540,614 Est. Cost $119.95 Unrealized +31.8%

NWSA NEWS CORP NEW 5.8%

Value $884M Shares 28,796,357 Est. Cost $15.97 Unrealized +85.1%

JNJ JOHNSON & JOHNSON 5.6%

Value $851M Shares 4,588,890 Est. Cost $121.60 Unrealized +39.4%

IT GARTNER INC 5.5%

Value $840M Shares 3,196,127 Est. Cost $291.66 Unrealized 0.0%

Z ZILLOW GROUP INC 5.5%

Value $837M Shares 10,858,836 Est. Cost $63.45 Unrealized +28.8%

ICE INTERCONTINENTAL EXCHANGE IN 5.3%

Value $806M Shares 4,781,925 Est. Cost $117.38 Unrealized +51.4%

AON AON PLC 4.9%

Value $748M Shares 2,096,486 Est. Cost $260.44 Unrealized +38.8%

CTVA CORTEVA INC 4.6%

Value $703M Shares 10,387,954 Est. Cost $45.27 Unrealized +59.4%

EL LAUDER ESTEE COS INC 4.5%

Value $683M Shares 7,753,392 Est. Cost $112.05 Unrealized -21.0%

EBAY EBAY INC. 4.4%

Value $670M Shares 7,363,607 Est. Cost $45.05 Unrealized +95.2%

FOXA FOX CORP 4.4%

Value $667M Shares 10,576,112 Est. Cost $32.83 Unrealized +75.7%

PM PHILIP MORRIS INTL INC 4.0%

Value $612M Shares 3,775,512 Est. Cost $67.77 Unrealized +143.7%

EA ELECTRONIC ARTS INC 3.6%

Value $551M Shares 2,733,751 Est. Cost $105.78 Unrealized +56.2%

ABNB AIRBNB INC 3.3%

Value $506M Shares 4,164,648 Est. Cost $129.37 Unrealized 0.0%

KVUE KENVUE INC 3.3%

Value $500M Shares 30,802,691 Est. Cost $21.72 Unrealized -7.6%

WMG WARNER MUSIC GROUP CORP 3.0%

Value $448M Shares 13,153,384 Est. Cost $31.19 Unrealized +0.6%

TRU TRANSUNION 2.5%

Value $383M Shares 4,575,284 Est. Cost $86.03 Unrealized +5.3%

RBA RB GLOBAL INC 2.1%

Value $318M Shares 2,931,316 Est. Cost $56.38 Unrealized +98.8%

NWS NEWS CORP NEW 2.1%

Value $317M Shares 9,168,830 Est. Cost $14.53 Unrealized +131.8%

FOX FOX CORP 1.9%

Value $293M Shares 5,114,507 Est. Cost $30.66 Unrealized +71.6%

WBD WARNER BROS DISCOVERY INC 1.7%

Value $256M Shares 13,107,132 Est. Cost $10.46 Unrealized +30.2%

ZG ZILLOW GROUP INC 1.0%

Value $149M Shares 2,002,694 Est. Cost $62.81 Unrealized +25.3%

TKO TKO GROUP HOLDINGS INC 0.7%

Value $114M Shares 563,116 Est. Cost $92.51 Unrealized +96.2%

OTIS OTIS WORLDWIDE CORP 0.7%

Value $100M Shares 1,098,496 Est. Cost $90.13 Unrealized 0.0%

RYAN RYAN SPECIALTY HOLDINGS INC 0.6%

Value $95.8M Shares 1,699,753 Est. Cost $59.24 Unrealized 0.0%

ORCL ORACLE CORP 0.3%

Value $42.48M Shares 151,033 Est. Cost $58.08 Unrealized +337.6%

RTO RENTOKIL INITIAL PLC 0.1%

Value $19.66M Shares 778,628 Est. Cost $25.21 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SOLV	SOLVENTUM CORP	12,899,240	$942M	6.2%	$71.84	+2.0%	COM SHS	83444M101
BMY	BRISTOL-MYERS SQUIBB CO	20,623,351	$930M	6.1%	$47.87	-4.9%	COM	110122108
LYV	LIVE NATION ENTERTAINMENT IN	5,540,614	$905M	6.0%	$119.95	+31.8%	COM	538034109
NWSA	NEWS CORP NEW	28,796,357	$884M	5.8%	$15.97	+85.1%	CL A	65249B109
JNJ	JOHNSON & JOHNSON	4,588,890	$851M	5.6%	$121.60	+39.4%	COM	478160104
IT	GARTNER INC	3,196,127	$840M	5.5%	$291.66	0.0%	COM	366651107
Z	ZILLOW GROUP INC	10,858,836	$837M	5.5%	$63.45	+28.8%	CL C CAP STK	98954M200
ICE	INTERCONTINENTAL EXCHANGE IN	4,781,925	$806M	5.3%	$117.38	+51.4%	COM	45866F104
AON	AON PLC	2,096,486	$748M	4.9%	$260.44	+38.8%	SHS CL A	G0403H108
CTVA	CORTEVA INC	10,387,954	$703M	4.6%	$45.27	+59.4%	COM	22052L104
EL	LAUDER ESTEE COS INC	7,753,392	$683M	4.5%	$112.05	-21.0%	CL A	518439104
EBAY	EBAY INC.	7,363,607	$670M	4.4%	$45.05	+95.2%	COM	278642103
FOXA	FOX CORP	10,576,112	$667M	4.4%	$32.83	+75.7%	CL A COM	35137L105
PM	PHILIP MORRIS INTL INC	3,775,512	$612M	4.0%	$67.77	+143.7%	COM	718172109
EA	ELECTRONIC ARTS INC	2,733,751	$551M	3.6%	$105.78	+56.2%	COM	285512109
ABNB	AIRBNB INC	4,164,648	$506M	3.3%	$129.37	0.0%	COM CL A	009066101
KVUE	KENVUE INC	30,802,691	$500M	3.3%	$21.72	-7.6%	COM	49177J102
WMG	WARNER MUSIC GROUP CORP	13,153,384	$448M	3.0%	$31.19	+0.6%	COM CL A	934550203
TRU	TRANSUNION	4,575,284	$383M	2.5%	$86.03	+5.3%	COM	89400J107
RBA	RB GLOBAL INC	2,931,316	$318M	2.1%	$56.38	+98.8%	COM	74935Q107
NWS	NEWS CORP NEW	9,168,830	$317M	2.1%	$14.53	+131.8%	CL B	65249B208
FOX	FOX CORP	5,114,507	$293M	1.9%	$30.66	+71.6%	CL B COM	35137L204
WBD	WARNER BROS DISCOVERY INC	13,107,132	$256M	1.7%	$10.46	+30.2%	COM SER A	934423104
ZG	ZILLOW GROUP INC	2,002,694	$149M	1.0%	$62.81	+25.3%	CL A	98954M101
TKO	TKO GROUP HOLDINGS INC	563,116	$114M	0.7%	$92.51	+96.2%	CL A	87256C101
OTIS	OTIS WORLDWIDE CORP	1,098,496	$100M	0.7%	$90.13	0.0%	COM	68902V107
RYAN	RYAN SPECIALTY HOLDINGS INC	1,699,753	$95.8M	0.6%	$59.24	0.0%	CL A	78351F107
ORCL	ORACLE CORP	151,033	$42.48M	0.3%	$58.08	+337.6%	COM	68389X105
RTO	RENTOKIL INITIAL PLC	778,628	$19.66M	0.1%	$25.21	—	SPONSORED ADR	760125104