Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $5.311B (100.0% shares, 0.0% debt)

Holdings (40)

MSFT MICROSOFT CORP 12.7%

Value $677M Shares 2,870,649 Share Price $235.77 * Est. Cost/Share $73.72 Unrealized @ Report Date +202.4%

— MEDTRONIC INC 10.4%

Value $551M Shares 4,666,442 Share Price $118.13 Est. Cost/Share $96.03 Unrealized @ Report Date —

GOOGL ALPHABET INC-CL A 10.3%

Value $548M Shares 265,810 Share Price $2062.52 * Est. Cost/Share $61.96 Unrealized @ Report Date +58.1%

VZ VISA INC-CLASS A SHARES 10.1%

Value $537M Shares 2,536,411 Share Price $211.73 * Est. Cost/Share $42.03 Unrealized @ Report Date +0.5%

PM PHILIP MORRIS INT 7.7%

Value $409M Shares 4,612,784 Share Price $88.74 * Est. Cost/Share $67.24 Unrealized @ Report Date -0.6%

PG PROCTER & GAMBLE 6.6%

Value $352M Shares 2,597,643 Share Price $135.43 * Est. Cost/Share $74.32 Unrealized @ Report Date +55.7%

AXP AMERICAN EXPRESS CO 6.3%

Value $336M Shares 2,375,159 Share Price $141.44 * Est. Cost/Share $86.66 Unrealized @ Report Date +43.5%

BRK/A BERKSHIRE HATHAWAY-A SHS 4.8%

Value $255M Shares 661 Share Price $385701.97 * Est. Cost/Share $279917.22 Unrealized @ Report Date +31.0%

FNV FRANCO-NEVADA CORP (US) 4.7%

Value $252M Shares 2,010,796 Share Price $125.29 * Est. Cost/Share $90.06 Unrealized @ Report Date +27.8%

PAYX PAYCHEX INC 4.7%

Value $251M Shares 2,558,903 Share Price $98.02 * Est. Cost/Share $64.74 Unrealized @ Report Date +24.2%

A AGILENT TECHNOLOGIES INC 4.6%

Value $246M Shares 1,932,446 Share Price $127.14 * Est. Cost/Share $76.28 Unrealized @ Report Date +56.9%

BDX BECTON DICKINSON AND CO 4.1%

Value $215M Shares 884,907 Share Price $243.15 * Est. Cost/Share $218.48 Unrealized @ Report Date +3.3%

CME CME GROUP INC 1.3%

Value $67.81M Shares 332,023 Share Price $204.23 * Est. Cost/Share $155.60 Unrealized @ Report Date +4.9%

MCO MOODY'S CORP MCO US 1.2%

Value $64.73M Shares 216,785 Share Price $298.61 * Est. Cost/Share $270.35 Unrealized @ Report Date 0.0%

PYPL PAYPAL HOLDINGS INC 0.8%

Value $44.76M Shares 184,335 Share Price $242.84 * Est. Cost/Share $59.77 Unrealized @ Report Date +321.5%

PEP PEPSICO INC 0.8%

Value $41.24M Shares 291,550 Share Price $141.45 * Est. Cost/Share $108.78 Unrealized @ Report Date +8.4%

ADP AUTOMATIC DATA PROCESSING 0.8%

Value $41.09M Shares 218,000 Share Price $188.47 * Est. Cost/Share $136.03 Unrealized @ Report Date +15.2%

META FACEBOOK INC-A 0.7%

Value $39.47M Shares 134,003 Share Price $294.53 * Est. Cost/Share $210.95 Unrealized @ Report Date +26.8%

MA MASTERCARD INC - A 0.7%

Value $35.85M Shares 100,699 Share Price $356.05 * Est. Cost/Share $298.42 Unrealized @ Report Date +13.8%

JNJ JOHNSON & JOHNSON 0.7%

Value $35.83M Shares 218,000 Share Price $164.35 * Est. Cost/Share $116.67 Unrealized @ Report Date +20.7%

CSCO CISCO SYSTEMS INC 0.6%

Value $31.59M Shares 611,000 Share Price $51.71 * Est. Cost/Share $34.49 Unrealized @ Report Date +17.8%

INTU INTUIT INC 0.6%

Value $31.42M Shares 82,020 Share Price $383.07 * Est. Cost/Share $206.50 Unrealized @ Report Date +81.0%

FISV FISERV INC 0.5%

Value $26.35M Shares 221,369 Share Price $119.04 * Est. Cost/Share $82.86 Unrealized @ Report Date +38.5%

ALC ALCON AG 0.4%

Value $23.41M Shares 333,907 Share Price $70.11 Est. Cost/Share $57.68 Unrealized @ Report Date +21.0%

FAST FASTENAL CO 0.4%

Value $22.43M Shares 446,000 Share Price $50.28 * Est. Cost/Share $20.77 Unrealized @ Report Date +2.5%

HSY HERSHEY CO/THE 0.4%

Value $20.56M Shares 130,000 Share Price $158.16 * Est. Cost/Share $118.23 Unrealized @ Report Date +13.4%

V WESTERN UNION CO 0.4%

Value $20.54M Shares 833,000 Share Price $24.66 * Est. Cost/Share $179.98 Unrealized @ Report Date +12.9%

BKNG BOOKING HOLDINGS INC 0.4%

Value $20.42M Shares 8,766 Share Price $2329.80 * Est. Cost/Share $1917.43 Unrealized @ Report Date +14.0%

MCD MCDONALD'S CORP 0.4%

Value $19.25M Shares 85,900 Share Price $224.14 * Est. Cost/Share $174.45 Unrealized @ Report Date +9.6%

ACN ACCENTURE PLC-CL A 0.3%

Value $16.74M Shares 60,600 Share Price $276.25 * Est. Cost/Share $187.48 Unrealized @ Report Date +28.7%

— VERIZON COMMUNICATIONS INC 0.3%

Value $15.54M Shares 267,259 Share Price $58.15 Est. Cost/Share $59.22 Unrealized @ Report Date —

CLX CLOROX COMPANY CLX US 0.3%

Value $14.41M Shares 74,700 Share Price $192.88 * Est. Cost/Share $152.55 Unrealized @ Report Date +8.2%

SPGI S&P GLOBAL INC 0.3%

Value $13.89M Shares 39,358 Share Price $352.86 * Est. Cost/Share $301.21 Unrealized @ Report Date +6.1%

EBAY EBAY INC 0.2%

Value $12.24M Shares 199,878 Share Price $61.24 * Est. Cost/Share $32.45 Unrealized @ Report Date +63.9%

KO COCA-COLA CO 0.2%

Value $12.02M Shares 228,000 Share Price $52.71 * Est. Cost/Share $39.04 Unrealized @ Report Date +11.1%

CL COLGATE-PALMOLIVE CO 0.2%

Value $10.52M Shares 133,418 Share Price $78.83 * Est. Cost/Share $59.12 Unrealized @ Report Date +18.4%

MO ALTRIA GROUP INC 0.0%

Value $128K Shares 2,500 Share Price $51.20 * Est. Cost/Share $36.14 Unrealized @ Report Date -15.8%

MDLZ MONDELEZ INTERNATIONAL INC-A 0.0%

Value $101K Shares 1,730 Share Price $58.38 * Est. Cost/Share $34.68 Unrealized @ Report Date +43.5%

— KRAFT HEINZ CO 0.0%

Value $23,000 Shares 576 Share Price $39.93 Est. Cost/Share $32.99 Unrealized @ Report Date —

— GENERAL ELECTRIC CO 0.0%

Value $7,000 Shares 560 Share Price $12.50 Est. Cost/Share $25.00 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	2,870,649	$677M	12.7%	$235.77 *	$73.72	+202.4%	COM	594918104
—	MEDTRONIC INC	4,666,442	$551M	10.4%	$118.13	$96.03	—	COM	585055106
GOOGL	ALPHABET INC-CL A	265,810	$548M	10.3%	$2062.52 *	$61.96	+58.1%	COM	02079K305
VZ	VISA INC-CLASS A SHARES	2,536,411	$537M	10.1%	$211.73 *	$42.03	+0.5%	COM	92343V104
PM	PHILIP MORRIS INT	4,612,784	$409M	7.7%	$88.74 *	$67.24	-0.6%	COM	718172109
PG	PROCTER & GAMBLE	2,597,643	$352M	6.6%	$135.43 *	$74.32	+55.7%	COM	742718109
AXP	AMERICAN EXPRESS CO	2,375,159	$336M	6.3%	$141.44 *	$86.66	+43.5%	COM	025816109
BRK/A	BERKSHIRE HATHAWAY-A SHS	661	$255M	4.8%	$385701.97 *	$279917.22	+31.0%	COM	084670108
FNV	FRANCO-NEVADA CORP (US)	2,010,796	$252M	4.7%	$125.29 *	$90.06	+27.8%	COM	351858105
PAYX	PAYCHEX INC	2,558,903	$251M	4.7%	$98.02 *	$64.74	+24.2%	COM	704326107
A	AGILENT TECHNOLOGIES INC	1,932,446	$246M	4.6%	$127.14 *	$76.28	+56.9%	COM	00846U101
BDX	BECTON DICKINSON AND CO	884,907	$215M	4.1%	$243.15 *	$218.48	+3.3%	COM	075887109
CME	CME GROUP INC	332,023	$67.81M	1.3%	$204.23 *	$155.60	+4.9%	COM	12572Q105
MCO	MOODY'S CORP MCO US	216,785	$64.73M	1.2%	$298.61 *	$270.35	0.0%	COM	615369105
PYPL	PAYPAL HOLDINGS INC	184,335	$44.76M	0.8%	$242.84 *	$59.77	+321.5%	COM	70450Y103
PEP	PEPSICO INC	291,550	$41.24M	0.8%	$141.45 *	$108.78	+8.4%	COM	713448108
ADP	AUTOMATIC DATA PROCESSING	218,000	$41.09M	0.8%	$188.47 *	$136.03	+15.2%	COM	053015103
META	FACEBOOK INC-A	134,003	$39.47M	0.7%	$294.53 *	$210.95	+26.8%	COM	30303M102
MA	MASTERCARD INC - A	100,699	$35.85M	0.7%	$356.05 *	$298.42	+13.8%	COM	57636Q104
JNJ	JOHNSON & JOHNSON	218,000	$35.83M	0.7%	$164.35 *	$116.67	+20.7%	COM	478160104
CSCO	CISCO SYSTEMS INC	611,000	$31.59M	0.6%	$51.71 *	$34.49	+17.8%	COM	17275R102
INTU	INTUIT INC	82,020	$31.42M	0.6%	$383.07 *	$206.50	+81.0%	COM	461202103
FISV	FISERV INC	221,369	$26.35M	0.5%	$119.04 *	$82.86	+38.5%	COM	337738108
ALC	ALCON AG	333,907	$23.41M	0.4%	$70.11	$57.68	+21.0%	ORD SHS	H01301128
FAST	FASTENAL CO	446,000	$22.43M	0.4%	$50.28 *	$20.77	+2.5%	COM	311900104
HSY	HERSHEY CO/THE	130,000	$20.56M	0.4%	$158.16 *	$118.23	+13.4%	COM	427866108
V	WESTERN UNION CO	833,000	$20.54M	0.4%	$24.66 *	$179.98	+12.9%	COM	92826C839
BKNG	BOOKING HOLDINGS INC	8,766	$20.42M	0.4%	$2329.80 *	$1917.43	+14.0%	COM	09857L108
MCD	MCDONALD'S CORP	85,900	$19.25M	0.4%	$224.14 *	$174.45	+9.6%	COM	580135101
ACN	ACCENTURE PLC-CL A	60,600	$16.74M	0.3%	$276.25 *	$187.48	+28.7%	COM	G1151C101
—	VERIZON COMMUNICATIONS INC	267,259	$15.54M	0.3%	$58.15	$59.22	—	COM	884903105
CLX	CLOROX COMPANY CLX US	74,700	$14.41M	0.3%	$192.88 *	$152.55	+8.2%	COM	189054109
SPGI	S&P GLOBAL INC	39,358	$13.89M	0.3%	$352.86 *	$301.21	+6.1%	COM	78409V104
EBAY	EBAY INC	199,878	$12.24M	0.2%	$61.24 *	$32.45	+63.9%	COM	278642103
KO	COCA-COLA CO	228,000	$12.02M	0.2%	$52.71 *	$39.04	+11.1%	COM	191216100
CL	COLGATE-PALMOLIVE CO	133,418	$10.52M	0.2%	$78.83 *	$59.12	+18.4%	COM	194162103
MO	ALTRIA GROUP INC	2,500	$128K	0.0%	$51.20 *	$36.14	-15.8%	COM	02209S103
MDLZ	MONDELEZ INTERNATIONAL INC-A	1,730	$101K	0.0%	$58.38 *	$34.68	+43.5%	COM	609207105
—	KRAFT HEINZ CO	576	$23,000	0.0%	$39.93	$32.99	—	COM	50075N104
—	GENERAL ELECTRIC CO	560	$7,000	0.0%	$12.50	$25.00	—	COM	369604103