Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $5.296B (100.0% shares, 0.0% debt)

Holdings (36)

MSFT MICROSOFT CORP 14.7%

Value $779M Shares 2,764,347 Share Price $281.92 Est. Cost/Share $77.25 Unrealized @ Report Date +263.4%

GOOGL ALPHABET INC-CL A 13.9%

Value $735M Shares 274,856 Share Price $2673.52 * Est. Cost/Share $63.42 Unrealized @ Report Date +113.0%

— MEDTRONIC INC 10.7%

Value $567M Shares 4,526,734 Share Price $125.35 Est. Cost/Share $96.03 Unrealized @ Report Date —

V VISA INC-CLASS A SHARES 10.7%

Value $565M Shares 2,538,470 Share Price $222.75 Est. Cost/Share $207.53 Unrealized @ Report Date +9.4%

AXP AMERICAN EXPRESS CO 7.5%

Value $395M Shares 2,359,111 Share Price $167.53 * Est. Cost/Share $86.66 Unrealized @ Report Date +82.6%

PG PROCTER & GAMBLE 6.5%

Value $345M Shares 2,470,328 Share Price $139.80 * Est. Cost/Share $74.32 Unrealized @ Report Date +71.2%

A AGILENT TECHNOLOGIES INC 5.1%

Value $272M Shares 1,724,230 Share Price $157.53 Est. Cost/Share $76.86 Unrealized @ Report Date +104.4%

FNV FRANCO-NEVADA CORP (US) 5.0%

Value $264M Shares 2,030,427 Share Price $129.91 * Est. Cost/Share $90.06 Unrealized @ Report Date +56.2%

PAYX PAYCHEX INC 4.7%

Value $251M Shares 2,235,249 Share Price $112.45 * Est. Cost/Share $64.74 Unrealized @ Report Date +53.4%

BDX BECTON DICKINSON AND CO 4.2%

Value $221M Shares 900,647 Share Price $245.82 * Est. Cost/Share $218.48 Unrealized @ Report Date +4.4%

CME CME GROUP INC 2.6%

Value $136M Shares 701,459 Share Price $193.38 * Est. Cost/Share $163.39 Unrealized @ Report Date +3.6%

MCO MOODY'S CORP MCO US 1.5%

Value $81.21M Shares 228,678 Share Price $355.11 * Est. Cost/Share $274.24 Unrealized @ Report Date +32.4%

PM PHILIP MORRIS INT 1.1%

Value $58.69M Shares 619,200 Share Price $94.79 * Est. Cost/Share $67.24 Unrealized @ Report Date +20.5%

META META PLATFORMS INC 1.0%

Value $54.72M Shares 161,227 Share Price $339.39 * Est. Cost/Share $229.60 Unrealized @ Report Date +55.8%

PYPL PAYPAL HOLDINGS INC 0.9%

Value $49.45M Shares 190,025 Share Price $260.21 * Est. Cost/Share $74.43 Unrealized @ Report Date +280.3%

ADP AUTOMATIC DATA PROCESSING 0.8%

Value $44.88M Shares 224,500 Share Price $199.92 * Est. Cost/Share $137.20 Unrealized @ Report Date +36.8%

PEP PEPSICO INC 0.8%

Value $44.3M Shares 294,500 Share Price $150.41 * Est. Cost/Share $109.43 Unrealized @ Report Date +23.4%

INTU INTUIT INC 0.8%

Value $42.91M Shares 79,535 Share Price $539.51 * Est. Cost/Share $214.37 Unrealized @ Report Date +144.6%

MA MASTERCARD INC - A 0.8%

Value $40.1M Shares 115,327 Share Price $347.68 * Est. Cost/Share $305.67 Unrealized @ Report Date +16.1%

ALC ALCON AG 0.7%

Value $36.38M Shares 445,907 Share Price $81.59 * Est. Cost/Share $60.90 Unrealized @ Report Date +24.8%

JNJ JOHNSON & JOHNSON 0.7%

Value $35.69M Shares 221,000 Share Price $161.50 * Est. Cost/Share $117.06 Unrealized @ Report Date +28.4%

CSCO CISCO SYSTEMS INC 0.6%

Value $32.44M Shares 595,900 Share Price $54.43 * Est. Cost/Share $34.49 Unrealized @ Report Date +42.7%

FISV FISERV INC 0.5%

Value $27.13M Shares 250,044 Share Price $108.50 * Est. Cost/Share $86.69 Unrealized @ Report Date +28.9%

FAST FASTENAL CO 0.4%

Value $22.45M Shares 435,000 Share Price $51.61 * Est. Cost/Share $20.77 Unrealized @ Report Date +17.5%

MCD MCDONALD'S CORP 0.4%

Value $22.28M Shares 92,400 Share Price $241.11 * Est. Cost/Share $177.08 Unrealized @ Report Date +21.9%

HSY HERSHEY CO/THE 0.4%

Value $21.66M Shares 128,000 Share Price $169.25 * Est. Cost/Share $118.23 Unrealized @ Report Date +34.3%

BKNG BOOKING HOLDINGS INC 0.4%

Value $20.81M Shares 8,766 Share Price $2373.83 * Est. Cost/Share $1917.43 Unrealized @ Report Date +15.1%

ACN ACCENTURE PLC-CL A 0.4%

Value $18.97M Shares 59,300 Share Price $319.92 * Est. Cost/Share $187.48 Unrealized @ Report Date +63.0%

BXP BOSTON PROPERTIES INC 0.3%

Value $17.28M Shares 159,500 Share Price $108.35 * Est. Cost/Share $87.94 Unrealized @ Report Date +2.7%

SPGI S&P GLOBAL INC 0.3%

Value $16.72M Shares 39,358 Share Price $424.89 Est. Cost/Share $301.21 Unrealized @ Report Date +38.7%

WU WESTERN UNION CO 0.3%

Value $16.4M Shares 811,000 Share Price $20.22 Est. Cost/Share $22.97 Unrealized @ Report Date —

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.3%

Value $13.72M Shares 89,028 Share Price $154.08 * Est. Cost/Share $169.18 Unrealized @ Report Date -4.3%

EBAY EBAY INC 0.2%

Value $12.48M Shares 179,118 Share Price $69.67 * Est. Cost/Share $32.45 Unrealized @ Report Date +103.8%

CLX CLOROX COMPANY 0.2%

Value $12.09M Shares 73,000 Share Price $165.62 * Est. Cost/Share $152.55 Unrealized @ Report Date -2.1%

KO COCA-COLA CO 0.2%

Value $11.7M Shares 223,000 Share Price $52.47 * Est. Cost/Share $39.04 Unrealized @ Report Date +25.0%

CL COLGATE-PALMOLIVE CO 0.2%

Value $9.729M Shares 128,721 Share Price $75.58 * Est. Cost/Share $59.12 Unrealized @ Report Date +21.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	2,764,347	$779M	14.7%	$281.92	$77.25	+263.4%	COM	594918104
GOOGL	ALPHABET INC-CL A	274,856	$735M	13.9%	$2673.52 *	$63.42	+113.0%	COM	02079K305
—	MEDTRONIC INC	4,526,734	$567M	10.7%	$125.35	$96.03	—	COM	585055106
V	VISA INC-CLASS A SHARES	2,538,470	$565M	10.7%	$222.75	$207.53	+9.4%	COM	92826C839
AXP	AMERICAN EXPRESS CO	2,359,111	$395M	7.5%	$167.53 *	$86.66	+82.6%	COM	025816109
PG	PROCTER & GAMBLE	2,470,328	$345M	6.5%	$139.80 *	$74.32	+71.2%	COM	742718109
A	AGILENT TECHNOLOGIES INC	1,724,230	$272M	5.1%	$157.53	$76.86	+104.4%	COM	00846U101
FNV	FRANCO-NEVADA CORP (US)	2,030,427	$264M	5.0%	$129.91 *	$90.06	+56.2%	COM	351858105
PAYX	PAYCHEX INC	2,235,249	$251M	4.7%	$112.45 *	$64.74	+53.4%	COM	704326107
BDX	BECTON DICKINSON AND CO	900,647	$221M	4.2%	$245.82 *	$218.48	+4.4%	COM	075887109
CME	CME GROUP INC	701,459	$136M	2.6%	$193.38 *	$163.39	+3.6%	COM	12572Q105
MCO	MOODY'S CORP MCO US	228,678	$81.21M	1.5%	$355.11 *	$274.24	+32.4%	COM	615369105
PM	PHILIP MORRIS INT	619,200	$58.69M	1.1%	$94.79 *	$67.24	+20.5%	COM	718172109
META	META PLATFORMS INC	161,227	$54.72M	1.0%	$339.39 *	$229.60	+55.8%	COM	30303M102
PYPL	PAYPAL HOLDINGS INC	190,025	$49.45M	0.9%	$260.21 *	$74.43	+280.3%	COM	70450Y103
ADP	AUTOMATIC DATA PROCESSING	224,500	$44.88M	0.8%	$199.92 *	$137.20	+36.8%	COM	053015103
PEP	PEPSICO INC	294,500	$44.3M	0.8%	$150.41 *	$109.43	+23.4%	COM	713448108
INTU	INTUIT INC	79,535	$42.91M	0.8%	$539.51 *	$214.37	+144.6%	COM	461202103
MA	MASTERCARD INC - A	115,327	$40.1M	0.8%	$347.68 *	$305.67	+16.1%	COM	57636Q104
ALC	ALCON AG	445,907	$36.38M	0.7%	$81.59 *	$60.90	+24.8%	ORD SHS	H01301128
JNJ	JOHNSON & JOHNSON	221,000	$35.69M	0.7%	$161.50 *	$117.06	+28.4%	COM	478160104
CSCO	CISCO SYSTEMS INC	595,900	$32.44M	0.6%	$54.43 *	$34.49	+42.7%	COM	17275R102
FISV	FISERV INC	250,044	$27.13M	0.5%	$108.50 *	$86.69	+28.9%	COM	337738108
FAST	FASTENAL CO	435,000	$22.45M	0.4%	$51.61 *	$20.77	+17.5%	COM	311900104
MCD	MCDONALD'S CORP	92,400	$22.28M	0.4%	$241.11 *	$177.08	+21.9%	COM	580135101
HSY	HERSHEY CO/THE	128,000	$21.66M	0.4%	$169.25 *	$118.23	+34.3%	COM	427866108
BKNG	BOOKING HOLDINGS INC	8,766	$20.81M	0.4%	$2373.83 *	$1917.43	+15.1%	COM	09857L108
ACN	ACCENTURE PLC-CL A	59,300	$18.97M	0.4%	$319.92 *	$187.48	+63.0%	COM	G1151C101
BXP	BOSTON PROPERTIES INC	159,500	$17.28M	0.3%	$108.35 *	$87.94	+2.7%	COM	101121101
SPGI	S&P GLOBAL INC	39,358	$16.72M	0.3%	$424.89	$301.21	+38.7%	COM	78409V104
WU	WESTERN UNION CO	811,000	$16.4M	0.3%	$20.22	$22.97	—	COM	959802109
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	89,028	$13.72M	0.3%	$154.08 *	$169.18	-4.3%	COM	874054109
EBAY	EBAY INC	179,118	$12.48M	0.2%	$69.67 *	$32.45	+103.8%	COM	278642103
CLX	CLOROX COMPANY	73,000	$12.09M	0.2%	$165.62 *	$152.55	-2.1%	COM	189054109
KO	COCA-COLA CO	223,000	$11.7M	0.2%	$52.47 *	$39.04	+25.0%	COM	191216100
CL	COLGATE-PALMOLIVE CO	128,721	$9.729M	0.2%	$75.58 *	$59.12	+21.3%	COM	194162103