Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q3 2020 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $4.125B

Holdings (45)

MSFT MICROSOFT CORP 14.2%

Value $585M Shares 2,783,547 Est. Cost $70.41 Unrealized +185.1%

— MEDTRONIC INC 10.7%

Value $440M Shares 4,236,521 Est. Cost $93.22 Unrealized —

V VISA INC-CLASS A SHARES 9.8%

Value $404M Shares 2,021,728 Est. Cost $178.74 Unrealized +7.5%

PG PROCTER & GAMBLE 9.5%

Value $391M Shares 2,809,851 Est. Cost $73.65 Unrealized +58.0%

GOOGL ALPHABET INC-CL A 9.3%

Value $385M Shares 262,762 Est. Cost $61.96 Unrealized +22.0%

PM PHILIP MORRIS INT 6.8%

Value $281M Shares 3,745,064 Est. Cost $68.82 Unrealized -14.5%

BRK/A BERKSHIRE HATHAWAY-A SHS 5.3%

Value $217M Shares 677 Est. Cost $278940.88 Unrealized +10.0%

PAYX PAYCHEX INC 5.1%

Value $212M Shares 2,652,381 Est. Cost $64.31 Unrealized +0.4%

A AGILENT TECHNOLOGIES INC 4.7%

Value $193M Shares 1,913,048 Est. Cost $76.28 Unrealized +22.2%

FNV FRANCO-NEVADA CORP (US) 4.7%

Value $192M Shares 1,374,465 Est. Cost $74.28 Unrealized +90.5%

AXP AMERICAN EXPRESS CO 4.4%

Value $181M Shares 1,803,738 Est. Cost $80.81 Unrealized +13.7%

BDX BECTON DICKINSON AND CO 3.7%

Value $154M Shares 663,999 Est. Cost $219.57 Unrealized +2.6%

CL COLGATE-PALMOLIVE CO 3.0%

Value $125M Shares 1,621,345 Est. Cost $59.12 Unrealized +13.9%

PYPL PAYPAL HOLDINGS INC 1.1%

Value $45.82M Shares 232,552 Est. Cost $59.77 Unrealized +214.4%

PEP PEPSICO INC 0.7%

Value $27.74M Shares 200,174 Est. Cost $102.87 Unrealized +12.0%

JNJ JOHNSON & JOHNSON 0.7%

Value $26.88M Shares 180,537 Est. Cost $112.81 Unrealized +12.6%

META FACEBOOK INC-A 0.6%

Value $24.38M Shares 93,094 Est. Cost $185.51 Unrealized +38.0%

MA MASTERCARD INC - A 0.6%

Value $23.8M Shares 70,377 Est. Cost $285.26 Unrealized +10.7%

INTU INTUIT INC 0.5%

Value $19.39M Shares 59,452 Est. Cost $143.02 Unrealized +111.6%

ALC ALCON AG 0.5%

Value $18.96M Shares 333,907 Est. Cost $57.68 Unrealized +0.5%

ADP AUTOMATIC DATA PROCESSING 0.4%

Value $17.71M Shares 127,000 Est. Cost $126.11 Unrealized -0.9%

CSCO CISCO SYSTEMS INC 0.4%

Value $16.15M Shares 410,000 Est. Cost $34.08 Unrealized +8.8%

FISV FISERV INC 0.4%

Value $14.54M Shares 141,056 Est. Cost $65.66 Unrealized +51.7%

BKNG BOOKING HOLDINGS INC 0.3%

Value $12.76M Shares 7,457 Est. Cost $1870.43 Unrealized -7.6%

CME CME GROUP INC 0.3%

Value $12.21M Shares 73,000 Est. Cost $141.68 Unrealized -3.8%

SPGI S&P GLOBAL INC 0.3%

Value $11.34M Shares 31,437 Est. Cost $295.67 Unrealized +14.1%

CLX CLOROX COMPANY CLX US 0.3%

Value $10.93M Shares 52,000 Est. Cost $139.72 Unrealized +35.2%

HSY HERSHEY CO/THE 0.3%

Value $10.89M Shares 76,000 Est. Cost $108.60 Unrealized +15.0%

EMR EMERSON ELECTRIC CO 0.3%

Value $10.75M Shares 164,000 Est. Cost $54.82 Unrealized +7.2%

VZ VERIZON COMMUNICATIONS INC 0.3%

Value $10.57M Shares 177,659 Est. Cost $38.07 Unrealized +11.8%

EBAY EBAY INC 0.3%

Value $10.41M Shares 199,878 Est. Cost $32.45 Unrealized +54.8%

WU WESTERN UNION CO 0.2%

Value $10.12M Shares 472,000 Est. Cost $20.54 Unrealized —

MCD MCDONALD'S CORP 0.2%

Value $8.999M Shares 41,000 Est. Cost $154.10 Unrealized +17.7%

ACN ACCENTURE PLC-CL A 0.2%

Value $8.362M Shares 37,000 Est. Cost $163.02 Unrealized +30.2%

KO COCA-COLA CO 0.2%

Value $7.06M Shares 143,000 Est. Cost $35.39 Unrealized +15.3%

— THOMSON REUTERS CORP 0.0%

Value $1.459M Shares 13,726 Est. Cost $79.06 Unrealized —

PFE PFIZER INC 0.0%

Value $1.211M Shares 33,000 Est. Cost $22.25 Unrealized +21.9%

DIS WALT DISNEY CO/THE DIS US 0.0%

Value $764K Shares 6,156 Est. Cost $107.88 Unrealized +13.2%

WTM WHITE MOUNTAINS INSURANCE GP 0.0%

Value $518K Shares 665 Est. Cost $864.63 Unrealized 0.0%

WFC WELLS FARGO & CO 0.0%

Value $376K Shares 16,000 Est. Cost $41.42 Unrealized -47.3%

XOM EXXON MOBIL CORP 0.0%

Value $275K Shares 8,000 Est. Cost $54.34 Unrealized -40.5%

MDLZ MONDELEZ INTERNATIONAL INC-A 0.0%

Value $99,000 Shares 1,730 Est. Cost $34.68 Unrealized +40.0%

MO ALTRIA GROUP INC 0.0%

Value $97,000 Shares 2,500 Est. Cost $36.14 Unrealized -24.8%

— KRAFT HEINZ CO 0.0%

Value $17,000 Shares 576 Est. Cost $32.99 Unrealized —

— GENERAL ELECTRIC CO 0.0%

Value $3,000 Shares 560 Est. Cost $25.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	2,783,547	$585M	14.2%	$70.41	+185.1%	—	594918104
—	MEDTRONIC INC	4,236,521	$440M	10.7%	$93.22	—	—	585055106
V	VISA INC-CLASS A SHARES	2,021,728	$404M	9.8%	$178.74	+7.5%	—	92826C839
PG	PROCTER & GAMBLE	2,809,851	$391M	9.5%	$73.65	+58.0%	—	742718109
GOOGL	ALPHABET INC-CL A	262,762	$385M	9.3%	$61.96	+22.0%	—	02079K305
PM	PHILIP MORRIS INT	3,745,064	$281M	6.8%	$68.82	-14.5%	—	718172109
BRK/A	BERKSHIRE HATHAWAY-A SHS	677	$217M	5.3%	$278940.88	+10.0%	—	084670108
PAYX	PAYCHEX INC	2,652,381	$212M	5.1%	$64.31	+0.4%	—	704326107
A	AGILENT TECHNOLOGIES INC	1,913,048	$193M	4.7%	$76.28	+22.2%	—	00846U101
FNV	FRANCO-NEVADA CORP (US)	1,374,465	$192M	4.7%	$74.28	+90.5%	—	351858105
AXP	AMERICAN EXPRESS CO	1,803,738	$181M	4.4%	$80.81	+13.7%	—	025816109
BDX	BECTON DICKINSON AND CO	663,999	$154M	3.7%	$219.57	+2.6%	—	075887109
CL	COLGATE-PALMOLIVE CO	1,621,345	$125M	3.0%	$59.12	+13.9%	—	194162103
PYPL	PAYPAL HOLDINGS INC	232,552	$45.82M	1.1%	$59.77	+214.4%	—	70450Y103
PEP	PEPSICO INC	200,174	$27.74M	0.7%	$102.87	+12.0%	—	713448108
JNJ	JOHNSON & JOHNSON	180,537	$26.88M	0.7%	$112.81	+12.6%	—	478160104
META	FACEBOOK INC-A	93,094	$24.38M	0.6%	$185.51	+38.0%	—	30303M102
MA	MASTERCARD INC - A	70,377	$23.8M	0.6%	$285.26	+10.7%	—	57636Q104
INTU	INTUIT INC	59,452	$19.39M	0.5%	$143.02	+111.6%	—	461202103
ALC	ALCON AG	333,907	$18.96M	0.5%	$57.68	+0.5%	—	H01301128
ADP	AUTOMATIC DATA PROCESSING	127,000	$17.71M	0.4%	$126.11	-0.9%	—	053015103
CSCO	CISCO SYSTEMS INC	410,000	$16.15M	0.4%	$34.08	+8.8%	—	17275R102
FISV	FISERV INC	141,056	$14.54M	0.4%	$65.66	+51.7%	—	337738108
BKNG	BOOKING HOLDINGS INC	7,457	$12.76M	0.3%	$1870.43	-7.6%	—	09857L108
CME	CME GROUP INC	73,000	$12.21M	0.3%	$141.68	-3.8%	—	12572Q105
SPGI	S&P GLOBAL INC	31,437	$11.34M	0.3%	$295.67	+14.1%	—	78409V104
CLX	CLOROX COMPANY CLX US	52,000	$10.93M	0.3%	$139.72	+35.2%	—	189054109
HSY	HERSHEY CO/THE	76,000	$10.89M	0.3%	$108.60	+15.0%	—	427866108
EMR	EMERSON ELECTRIC CO	164,000	$10.75M	0.3%	$54.82	+7.2%	—	291011104
VZ	VERIZON COMMUNICATIONS INC	177,659	$10.57M	0.3%	$38.07	+11.8%	—	92343V104
EBAY	EBAY INC	199,878	$10.41M	0.3%	$32.45	+54.8%	—	278642103
WU	WESTERN UNION CO	472,000	$10.12M	0.2%	$20.54	—	—	959802109
MCD	MCDONALD'S CORP	41,000	$8.999M	0.2%	$154.10	+17.7%	—	580135101
ACN	ACCENTURE PLC-CL A	37,000	$8.362M	0.2%	$163.02	+30.2%	—	G1151C101
KO	COCA-COLA CO	143,000	$7.06M	0.2%	$35.39	+15.3%	—	191216100
—	THOMSON REUTERS CORP	13,726	$1.459M	0.0%	$79.06	—	—	884903105
PFE	PFIZER INC	33,000	$1.211M	0.0%	$22.25	+21.9%	—	717081103
DIS	WALT DISNEY CO/THE DIS US	6,156	$764K	0.0%	$107.88	+13.2%	—	254687106
WTM	WHITE MOUNTAINS INSURANCE GP	665	$518K	0.0%	$864.63	0.0%	—	G9618E107
WFC	WELLS FARGO & CO	16,000	$376K	0.0%	$41.42	-47.3%	—	949746101
XOM	EXXON MOBIL CORP	8,000	$275K	0.0%	$54.34	-40.5%	—	30231G102
MDLZ	MONDELEZ INTERNATIONAL INC-A	1,730	$99,000	0.0%	$34.68	+40.0%	—	609207105
MO	ALTRIA GROUP INC	2,500	$97,000	0.0%	$36.14	-24.8%	—	02209S103
—	KRAFT HEINZ CO	576	$17,000	0.0%	$32.99	—	—	50075N104
—	GENERAL ELECTRIC CO	560	$3,000	0.0%	$25.00	—	—	369604103