Independent Franchise Partners LLP Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001483866 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $15.72B (100.0% shares, 0.0% debt)

Holdings (27)

SOLV SOLVENTUM CORP 7.7%

Value $1.217B Shares 15,355,691 Est. Cost $72.60 Unrealized +5.5%

BMY BRISTOL-MYERS SQUIBB CO 7.1%

Value $1.123B Shares 20,828,148 Est. Cost $47.87 Unrealized -0.7%

IT GARTNER INC 5.3%

Value $835M Shares 3,308,566 Est. Cost $289.93 Unrealized -17.0%

KVUE KENVUE INC 5.3%

Value $831M Shares 48,146,476 Est. Cost $19.75 Unrealized -17.7%

EL LAUDER ESTEE COS INC 5.2%

Value $821M Shares 7,837,249 Est. Cost $111.89 Unrealized -13.5%

LYV LIVE NATION ENTERTAINMENT IN 5.2%

Value $817M Shares 5,733,718 Est. Cost $120.75 Unrealized +19.0%

TRU TRANSUNION 5.0%

Value $783M Shares 9,136,903 Est. Cost $84.07 Unrealized -2.3%

ICE INTERCONTINENTAL EXCHANGE IN 5.0%

Value $783M Shares 4,831,853 Est. Cost $117.78 Unrealized +32.6%

NWSA NEWS CORP NEW 5.0%

Value $782M Shares 29,934,048 Est. Cost $16.36 Unrealized +60.4%

JNJ JOHNSON & JOHNSON 4.8%

Value $757M Shares 3,656,329 Est. Cost $121.60 Unrealized +62.0%

Z ZILLOW GROUP INC 4.8%

Value $747M Shares 10,953,405 Est. Cost $63.45 Unrealized +14.1%

AON AON PLC 4.7%

Value $747M Shares 2,115,523 Est. Cost $260.44 Unrealized +34.1%

FOXA FOX CORP 4.5%

Value $714M Shares 9,777,519 Est. Cost $32.83 Unrealized +99.0%

CTVA CORTEVA INC 4.5%

Value $704M Shares 10,495,388 Est. Cost $45.47 Unrealized +42.0%

ABNB AIRBNB INC 4.4%

Value $698M Shares 5,146,272 Est. Cost $128.44 Unrealized -3.0%

EBAY EBAY INC. 4.3%

Value $675M Shares 7,748,177 Est. Cost $47.10 Unrealized +83.4%

PM PHILIP MORRIS INTL INC 3.9%

Value $613M Shares 3,823,728 Est. Cost $68.85 Unrealized +123.0%

WMG WARNER MUSIC GROUP CORP 2.6%

Value $402M Shares 13,096,205 Est. Cost $31.19 Unrealized -3.0%

WBD WARNER BROS DISCOVERY INC 2.3%

Value $366M Shares 12,697,174 Est. Cost $10.46 Unrealized +123.4%

FOX FOX CORP 2.1%

Value $336M Shares 5,174,660 Est. Cost $30.98 Unrealized +88.5%

NWS NEWS CORP NEW 1.7%

Value $271M Shares 9,161,455 Est. Cost $14.53 Unrealized +105.2%

CRM SALESFORCE INC 0.9%

Value $143M Shares 537,999 Est. Cost $248.17 Unrealized 0.0%

ZG ZILLOW GROUP INC 0.9%

Value $138M Shares 2,024,556 Est. Cost $62.89 Unrealized +11.8%

RBA RB GLOBAL INC 0.8%

Value $118M Shares 1,151,798 Est. Cost $56.38 Unrealized +80.2%

RYAN RYAN SPECIALTY HOLDINGS INC 0.7%

Value $109M Shares 2,115,313 Est. Cost $58.37 Unrealized -6.0%

TKO TKO GROUP HOLDINGS INC 0.6%

Value $102M Shares 485,832 Est. Cost $92.51 Unrealized +109.5%

OTIS OTIS WORLDWIDE CORP 0.6%

Value $92.95M Shares 1,064,149 Est. Cost $90.13 Unrealized -1.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SOLV	SOLVENTUM CORP	15,355,691	$1.217B	7.7%	$72.60	+5.5%	COM SHS	83444M101
BMY	BRISTOL-MYERS SQUIBB CO	20,828,148	$1.123B	7.1%	$47.87	-0.7%	COM	110122108
IT	GARTNER INC	3,308,566	$835M	5.3%	$289.93	-17.0%	COM	366651107
KVUE	KENVUE INC	48,146,476	$831M	5.3%	$19.75	-17.7%	COM	49177J102
EL	LAUDER ESTEE COS INC	7,837,249	$821M	5.2%	$111.89	-13.5%	CL A	518439104
LYV	LIVE NATION ENTERTAINMENT IN	5,733,718	$817M	5.2%	$120.75	+19.0%	COM	538034109
TRU	TRANSUNION	9,136,903	$783M	5.0%	$84.07	-2.3%	COM	89400J107
ICE	INTERCONTINENTAL EXCHANGE IN	4,831,853	$783M	5.0%	$117.78	+32.6%	COM	45866F104
NWSA	NEWS CORP NEW	29,934,048	$782M	5.0%	$16.36	+60.4%	CL A	65249B109
JNJ	JOHNSON & JOHNSON	3,656,329	$757M	4.8%	$121.60	+62.0%	COM	478160104
Z	ZILLOW GROUP INC	10,953,405	$747M	4.8%	$63.45	+14.1%	CL C CAP STK	98954M200
AON	AON PLC	2,115,523	$747M	4.7%	$260.44	+34.1%	SHS CL A	G0403H108
FOXA	FOX CORP	9,777,519	$714M	4.5%	$32.83	+99.0%	CL A COM	35137L105
CTVA	CORTEVA INC	10,495,388	$704M	4.5%	$45.47	+42.0%	COM	22052L104
ABNB	AIRBNB INC	5,146,272	$698M	4.4%	$128.44	-3.0%	COM CL A	009066101
EBAY	EBAY INC.	7,748,177	$675M	4.3%	$47.10	+83.4%	COM	278642103
PM	PHILIP MORRIS INTL INC	3,823,728	$613M	3.9%	$68.85	+123.0%	COM	718172109
WMG	WARNER MUSIC GROUP CORP	13,096,205	$402M	2.6%	$31.19	-3.0%	COM CL A	934550203
WBD	WARNER BROS DISCOVERY INC	12,697,174	$366M	2.3%	$10.46	+123.4%	COM SER A	934423104
FOX	FOX CORP	5,174,660	$336M	2.1%	$30.98	+88.5%	CL B COM	35137L204
NWS	NEWS CORP NEW	9,161,455	$271M	1.7%	$14.53	+105.2%	CL B	65249B208
CRM	SALESFORCE INC	537,999	$143M	0.9%	$248.17	0.0%	COM	79466L302
ZG	ZILLOW GROUP INC	2,024,556	$138M	0.9%	$62.89	+11.8%	CL A	98954M101
RBA	RB GLOBAL INC	1,151,798	$118M	0.8%	$56.38	+80.2%	COM	74935Q107
RYAN	RYAN SPECIALTY HOLDINGS INC	2,115,313	$109M	0.7%	$58.37	-6.0%	CL A	78351F107
TKO	TKO GROUP HOLDINGS INC	485,832	$102M	0.6%	$92.51	+109.5%	CL A	87256C101
OTIS	OTIS WORLDWIDE CORP	1,064,149	$92.95M	0.6%	$90.13	-1.0%	COM	68902V107