Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $4.91B

Holdings (47)

MSFT MICROSOFT CORP 12.9%

Value $635M Shares 2,853,150 Est. Cost $73.72 Unrealized +179.5%

— MEDTRONIC INC 11.5%

Value $562M Shares 4,801,559 Est. Cost $96.03 Unrealized —

V VISA INC-CLASS A SHARES 9.7%

Value $474M Shares 2,167,476 Est. Cost $179.98 Unrealized +9.6%

GOOGL ALPHABET INC-CL A 9.5%

Value $464M Shares 265,004 Est. Cost $61.96 Unrealized +34.8%

PG PROCTER & GAMBLE 8.1%

Value $396M Shares 2,848,247 Est. Cost $74.32 Unrealized +65.7%

PM PHILIP MORRIS INT 7.8%

Value $381M Shares 4,603,563 Est. Cost $67.24 Unrealized -10.3%

AXP AMERICAN EXPRESS CO 5.8%

Value $283M Shares 2,339,210 Est. Cost $86.08 Unrealized +20.6%

PAYX PAYCHEX INC 5.2%

Value $256M Shares 2,745,466 Est. Cost $64.74 Unrealized +18.8%

BRK/A BERKSHIRE HATHAWAY-A SHS 4.9%

Value $240M Shares 690 Est. Cost $279917.22 Unrealized +18.2%

A AGILENT TECHNOLOGIES INC 4.6%

Value $228M Shares 1,925,395 Est. Cost $76.28 Unrealized +40.2%

FNV FRANCO-NEVADA CORP (US) 4.6%

Value $225M Shares 1,795,467 Est. Cost $87.06 Unrealized +47.9%

BDX BECTON DICKINSON AND CO 4.4%

Value $218M Shares 872,522 Est. Cost $218.38 Unrealized -1.7%

PYPL PAYPAL HOLDINGS INC 1.1%

Value $54.46M Shares 232,552 Est. Cost $59.77 Unrealized +245.9%

PEP PEPSICO INC 0.9%

Value $43.77M Shares 295,174 Est. Cost $108.78 Unrealized +11.4%

JNJ JOHNSON & JOHNSON 0.8%

Value $38.54M Shares 244,889 Est. Cost $116.67 Unrealized +9.3%

ADP AUTOMATIC DATA PROCESSING 0.7%

Value $34.18M Shares 194,000 Est. Cost $133.48 Unrealized +10.5%

MA MASTERCARD INC - A 0.7%

Value $32.2M Shares 90,225 Est. Cost $293.64 Unrealized +10.1%

META FACEBOOK INC-A 0.6%

Value $28.78M Shares 105,370 Est. Cost $195.62 Unrealized +39.2%

CSCO CISCO SYSTEMS INC 0.6%

Value $28.01M Shares 626,000 Est. Cost $34.49 Unrealized +2.3%

CL COLGATE-PALMOLIVE CO 0.5%

Value $25.32M Shares 296,054 Est. Cost $59.12 Unrealized +24.2%

INTU INTUIT INC 0.5%

Value $22.58M Shares 59,452 Est. Cost $143.02 Unrealized +137.9%

ALC ALCON AG 0.5%

Value $22.17M Shares 333,907 Est. Cost $57.68 Unrealized +6.9%

CME CME GROUP INC 0.4%

Value $20.21M Shares 111,000 Est. Cost $140.57 Unrealized -1.5%

FAST FASTENAL CO 0.4%

Value $19.73M Shares 404,000 Est. Cost $20.72 Unrealized 0.0%

FISV FISERV INC 0.4%

Value $18.29M Shares 160,609 Est. Cost $70.79 Unrealized +52.2%

HSY HERSHEY CO/THE 0.4%

Value $17.67M Shares 116,000 Est. Cost $116.32 Unrealized +12.6%

MCD MCDONALD'S CORP 0.4%

Value $17.38M Shares 81,000 Est. Cost $173.43 Unrealized +11.4%

VZ VERIZON COMMUNICATIONS INC 0.3%

Value $17.02M Shares 289,659 Est. Cost $40.36 Unrealized +9.0%

BKNG BOOKING HOLDINGS INC 0.3%

Value $16.61M Shares 7,457 Est. Cost $1870.43 Unrealized +1.5%

WU WESTERN UNION CO 0.3%

Value $16.57M Shares 755,000 Est. Cost $21.06 Unrealized —

CLX CLOROX COMPANY CLX US 0.3%

Value $16.15M Shares 80,000 Est. Cost $152.55 Unrealized +15.6%

ACN ACCENTURE PLC-CL A 0.3%

Value $14.89M Shares 57,000 Est. Cost $184.08 Unrealized +21.2%

KO COCA-COLA CO 0.3%

Value $13.33M Shares 243,000 Est. Cost $39.04 Unrealized +13.4%

SPGI S&P GLOBAL INC 0.3%

Value $12.94M Shares 39,358 Est. Cost $301.21 Unrealized +7.3%

EBAY EBAY INC 0.2%

Value $10.04M Shares 199,878 Est. Cost $32.45 Unrealized +43.9%

— THOMSON REUTERS CORP 0.0%

Value $1.43M Shares 13,726 Est. Cost $79.06 Unrealized —

PFE PFIZER INC 0.0%

Value $1.215M Shares 33,000 Est. Cost $22.25 Unrealized +28.7%

DIS WALT DISNEY CO/THE DIS US 0.0%

Value $1.115M Shares 6,156 Est. Cost $107.88 Unrealized +30.0%

WTM WHITE MOUNTAINS INSURANCE GP 0.0%

Value $665K Shares 665 Est. Cost $864.63 Unrealized +8.8%

WFC WELLS FARGO & CO 0.0%

Value $483K Shares 16,000 Est. Cost $41.42 Unrealized -44.4%

XOM EXXON MOBIL CORP 0.0%

Value $330K Shares 8,000 Est. Cost $54.34 Unrealized -44.1%

MO ALTRIA GROUP INC 0.0%

Value $103K Shares 2,500 Est. Cost $36.14 Unrealized -26.1%

MDLZ MONDELEZ INTERNATIONAL INC-A 0.0%

Value $101K Shares 1,730 Est. Cost $34.68 Unrealized +44.6%

VTRS VIATRIS INC 0.0%

Value $77,000 Shares 4,094 Est. Cost $13.33 Unrealized 0.0%

BRK/B BERKSHIRE HATHAWAY INC-CL B BRK/B US 0.0%

Value $40,000 Shares 172 Est. Cost $220.20 Unrealized 0.0%

— KRAFT HEINZ CO 0.0%

Value $20,000 Shares 576 Est. Cost $32.99 Unrealized —

— GENERAL ELECTRIC CO 0.0%

Value $6,000 Shares 560 Est. Cost $25.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	2,853,150	$635M	12.9%	$73.72	+179.5%	—	594918104
—	MEDTRONIC INC	4,801,559	$562M	11.5%	$96.03	—	—	585055106
V	VISA INC-CLASS A SHARES	2,167,476	$474M	9.7%	$179.98	+9.6%	—	92826C839
GOOGL	ALPHABET INC-CL A	265,004	$464M	9.5%	$61.96	+34.8%	—	02079K305
PG	PROCTER & GAMBLE	2,848,247	$396M	8.1%	$74.32	+65.7%	—	742718109
PM	PHILIP MORRIS INT	4,603,563	$381M	7.8%	$67.24	-10.3%	—	718172109
AXP	AMERICAN EXPRESS CO	2,339,210	$283M	5.8%	$86.08	+20.6%	—	025816109
PAYX	PAYCHEX INC	2,745,466	$256M	5.2%	$64.74	+18.8%	—	704326107
BRK/A	BERKSHIRE HATHAWAY-A SHS	690	$240M	4.9%	$279917.22	+18.2%	—	084670108
A	AGILENT TECHNOLOGIES INC	1,925,395	$228M	4.6%	$76.28	+40.2%	—	00846U101
FNV	FRANCO-NEVADA CORP (US)	1,795,467	$225M	4.6%	$87.06	+47.9%	—	351858105
BDX	BECTON DICKINSON AND CO	872,522	$218M	4.4%	$218.38	-1.7%	—	075887109
PYPL	PAYPAL HOLDINGS INC	232,552	$54.46M	1.1%	$59.77	+245.9%	—	70450Y103
PEP	PEPSICO INC	295,174	$43.77M	0.9%	$108.78	+11.4%	—	713448108
JNJ	JOHNSON & JOHNSON	244,889	$38.54M	0.8%	$116.67	+9.3%	—	478160104
ADP	AUTOMATIC DATA PROCESSING	194,000	$34.18M	0.7%	$133.48	+10.5%	—	053015103
MA	MASTERCARD INC - A	90,225	$32.2M	0.7%	$293.64	+10.1%	—	57636Q104
META	FACEBOOK INC-A	105,370	$28.78M	0.6%	$195.62	+39.2%	—	30303M102
CSCO	CISCO SYSTEMS INC	626,000	$28.01M	0.6%	$34.49	+2.3%	—	17275R102
CL	COLGATE-PALMOLIVE CO	296,054	$25.32M	0.5%	$59.12	+24.2%	—	194162103
INTU	INTUIT INC	59,452	$22.58M	0.5%	$143.02	+137.9%	—	461202103
ALC	ALCON AG	333,907	$22.17M	0.5%	$57.68	+6.9%	—	H01301128
CME	CME GROUP INC	111,000	$20.21M	0.4%	$140.57	-1.5%	—	12572Q105
FAST	FASTENAL CO	404,000	$19.73M	0.4%	$20.72	0.0%	—	311900104
FISV	FISERV INC	160,609	$18.29M	0.4%	$70.79	+52.2%	—	337738108
HSY	HERSHEY CO/THE	116,000	$17.67M	0.4%	$116.32	+12.6%	—	427866108
MCD	MCDONALD'S CORP	81,000	$17.38M	0.4%	$173.43	+11.4%	—	580135101
VZ	VERIZON COMMUNICATIONS INC	289,659	$17.02M	0.3%	$40.36	+9.0%	—	92343V104
BKNG	BOOKING HOLDINGS INC	7,457	$16.61M	0.3%	$1870.43	+1.5%	—	09857L108
WU	WESTERN UNION CO	755,000	$16.57M	0.3%	$21.06	—	—	959802109
CLX	CLOROX COMPANY CLX US	80,000	$16.15M	0.3%	$152.55	+15.6%	—	189054109
ACN	ACCENTURE PLC-CL A	57,000	$14.89M	0.3%	$184.08	+21.2%	—	G1151C101
KO	COCA-COLA CO	243,000	$13.33M	0.3%	$39.04	+13.4%	—	191216100
SPGI	S&P GLOBAL INC	39,358	$12.94M	0.3%	$301.21	+7.3%	—	78409V104
EBAY	EBAY INC	199,878	$10.04M	0.2%	$32.45	+43.9%	—	278642103
—	THOMSON REUTERS CORP	13,726	$1.43M	0.0%	$79.06	—	—	884903105
PFE	PFIZER INC	33,000	$1.215M	0.0%	$22.25	+28.7%	—	717081103
DIS	WALT DISNEY CO/THE DIS US	6,156	$1.115M	0.0%	$107.88	+30.0%	—	254687106
WTM	WHITE MOUNTAINS INSURANCE GP	665	$665K	0.0%	$864.63	+8.8%	—	G9618E107
WFC	WELLS FARGO & CO	16,000	$483K	0.0%	$41.42	-44.4%	—	949746101
XOM	EXXON MOBIL CORP	8,000	$330K	0.0%	$54.34	-44.1%	—	30231G102
MO	ALTRIA GROUP INC	2,500	$103K	0.0%	$36.14	-26.1%	—	02209S103
MDLZ	MONDELEZ INTERNATIONAL INC-A	1,730	$101K	0.0%	$34.68	+44.6%	—	609207105
VTRS	VIATRIS INC	4,094	$77,000	0.0%	$13.33	0.0%	—	92556V106
BRK/B	BERKSHIRE HATHAWAY INC-CL B BRK/B US	172	$40,000	0.0%	$220.20	0.0%	—	084670702
—	KRAFT HEINZ CO	576	$20,000	0.0%	$32.99	—	—	50075N104
—	GENERAL ELECTRIC CO	560	$6,000	0.0%	$25.00	—	—	369604103