Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $5.719B (100.0% shares, 0.0% debt)

Holdings (36)

MSFT MICROSOFT CORP 15.3%

Value $875M Shares 2,603,031 Share Price $336.32 * Est. Cost/Share $77.25 Unrealized @ Report Date +305.7%

GOOGL ALPHABET INC-CL A 14.2%

Value $812M Shares 280,435 Share Price $2897.04 * Est. Cost/Share $65.00 Unrealized @ Report Date +119.9%

V VISA INC-CLASS A SHARES 11.6%

Value $664M Shares 3,063,617 Share Price $216.71 * Est. Cost/Share $207.63 Unrealized @ Report Date +0.2%

— MEDTRONIC INC 8.3%

Value $474M Shares 4,578,448 Share Price $103.45 Est. Cost/Share $96.12 Unrealized @ Report Date —

PG PROCTER & GAMBLE 7.1%

Value $404M Shares 2,469,676 Share Price $163.58 * Est. Cost/Share $74.32 Unrealized @ Report Date +80.5%

AXP AMERICAN EXPRESS CO 6.7%

Value $382M Shares 2,336,296 Share Price $163.60 Est. Cost/Share $86.66 Unrealized @ Report Date +86.7%

PAYX PAYCHEX INC 5.3%

Value $304M Shares 2,229,579 Share Price $136.50 * Est. Cost/Share $64.74 Unrealized @ Report Date +69.7%

FNV FRANCO-NEVADA CORP (US) 5.1%

Value $290M Shares 2,095,161 Share Price $138.29 * Est. Cost/Share $91.39 Unrealized @ Report Date +45.6%

A AGILENT TECHNOLOGIES INC 4.9%

Value $278M Shares 1,739,829 Share Price $159.65 * Est. Cost/Share $76.86 Unrealized @ Report Date +97.0%

BDX BECTON DICKINSON AND CO 4.1%

Value $233M Shares 927,447 Share Price $251.48 * Est. Cost/Share $218.62 Unrealized @ Report Date +2.2%

CME CME GROUP INC 2.8%

Value $162M Shares 708,782 Share Price $228.46 * Est. Cost/Share $163.61 Unrealized @ Report Date +13.0%

MCO MOODY'S CORP MCO US 1.6%

Value $89.94M Shares 230,278 Share Price $390.58 * Est. Cost/Share $274.24 Unrealized @ Report Date +35.8%

PM PHILIP MORRIS INT 1.0%

Value $58.74M Shares 618,280 Share Price $95.00 * Est. Cost/Share $67.24 Unrealized @ Report Date +13.5%

MA MASTERCARD INC - A 1.0%

Value $57.87M Shares 161,064 Share Price $359.32 * Est. Cost/Share $314.79 Unrealized @ Report Date +7.3%

ADP AUTOMATIC DATA PROCESSING 1.0%

Value $56.74M Shares 230,112 Share Price $246.58 * Est. Cost/Share $138.91 Unrealized @ Report Date +49.2%

META META PLATFORMS INC 1.0%

Value $55.96M Shares 166,371 Share Price $336.35 Est. Cost/Share $232.70 Unrealized @ Report Date +41.7%

PEP PEPSICO INC 0.9%

Value $52.45M Shares 301,951 Share Price $173.71 * Est. Cost/Share $110.27 Unrealized @ Report Date +30.1%

INTU INTUIT INC 0.9%

Value $52.12M Shares 81,035 Share Price $643.22 * Est. Cost/Share $221.54 Unrealized @ Report Date +171.5%

ALC ALCON AG 0.7%

Value $39.44M Shares 445,907 Share Price $88.44 * Est. Cost/Share $60.90 Unrealized @ Report Date +33.5%

JNJ JOHNSON & JOHNSON 0.7%

Value $38.77M Shares 226,622 Share Price $171.07 * Est. Cost/Share $117.75 Unrealized @ Report Date +23.2%

CSCO CISCO SYSTEMS INC 0.7%

Value $38.73M Shares 611,183 Share Price $63.37 * Est. Cost/Share $34.89 Unrealized @ Report Date +44.6%

PYPL PAYPAL HOLDINGS INC 0.6%

Value $35.84M Shares 190,025 Share Price $188.58 * Est. Cost/Share $74.43 Unrealized @ Report Date +190.1%

FAST FASTENAL CO 0.5%

Value $28.55M Shares 445,697 Share Price $64.06 * Est. Cost/Share $20.92 Unrealized @ Report Date +27.5%

FISV FISERV INC 0.5%

Value $25.95M Shares 250,044 Share Price $103.79 Est. Cost/Share $86.69 Unrealized @ Report Date +19.3%

MCD MCDONALD'S CORP 0.4%

Value $25.39M Shares 94,705 Share Price $268.07 * Est. Cost/Share $178.36 Unrealized @ Report Date +28.7%

HSY HERSHEY CO/THE 0.4%

Value $24.94M Shares 128,888 Share Price $193.47 * Est. Cost/Share $118.23 Unrealized @ Report Date +38.4%

ACN ACCENTURE PLC-CL A 0.4%

Value $24.92M Shares 60,123 Share Price $414.55 * Est. Cost/Share $189.62 Unrealized @ Report Date +81.1%

BKNG BOOKING HOLDINGS INC 0.4%

Value $21.03M Shares 8,766 Share Price $2399.27 * Est. Cost/Share $1917.43 Unrealized @ Report Date +21.6%

BXP BOSTON PROPERTIES INC 0.3%

Value $18.84M Shares 163,590 Share Price $115.18 * Est. Cost/Share $88.03 Unrealized @ Report Date +4.2%

SPGI S&P GLOBAL INC 0.3%

Value $18.57M Shares 39,358 Share Price $471.92 * Est. Cost/Share $301.21 Unrealized @ Report Date +46.7%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.3%

Value $15.82M Shares 89,028 Share Price $177.72 Est. Cost/Share $169.18 Unrealized @ Report Date +3.0%

WU WESTERN UNION CO 0.3%

Value $14.84M Shares 832,033 Share Price $17.84 Est. Cost/Share $22.84 Unrealized @ Report Date —

KO COCA-COLA CO 0.2%

Value $13.53M Shares 228,524 Share Price $59.21 * Est. Cost/Share $39.29 Unrealized @ Report Date +25.2%

CLX CLOROX COMPANY 0.2%

Value $13.04M Shares 74,800 Share Price $174.36 * Est. Cost/Share $152.38 Unrealized @ Report Date -4.4%

CL COLGATE-PALMOLIVE CO 0.2%

Value $12.68M Shares 148,618 Share Price $85.34 * Est. Cost/Share $60.70 Unrealized @ Report Date +16.8%

EBAY EBAY INC 0.1%

Value $5.493M Shares 82,598 Share Price $66.50 Est. Cost/Share $32.45 Unrealized @ Report Date +103.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	2,603,031	$875M	15.3%	$336.32 *	$77.25	+305.7%	COM	594918104
GOOGL	ALPHABET INC-CL A	280,435	$812M	14.2%	$2897.04 *	$65.00	+119.9%	COM	02079K305
V	VISA INC-CLASS A SHARES	3,063,617	$664M	11.6%	$216.71 *	$207.63	+0.2%	COM	92826C839
—	MEDTRONIC INC	4,578,448	$474M	8.3%	$103.45	$96.12	—	COM	585055106
PG	PROCTER & GAMBLE	2,469,676	$404M	7.1%	$163.58 *	$74.32	+80.5%	COM	742718109
AXP	AMERICAN EXPRESS CO	2,336,296	$382M	6.7%	$163.60	$86.66	+86.7%	COM	025816109
PAYX	PAYCHEX INC	2,229,579	$304M	5.3%	$136.50 *	$64.74	+69.7%	COM	704326107
FNV	FRANCO-NEVADA CORP (US)	2,095,161	$290M	5.1%	$138.29 *	$91.39	+45.6%	COM	351858105
A	AGILENT TECHNOLOGIES INC	1,739,829	$278M	4.9%	$159.65 *	$76.86	+97.0%	COM	00846U101
BDX	BECTON DICKINSON AND CO	927,447	$233M	4.1%	$251.48 *	$218.62	+2.2%	COM	075887109
CME	CME GROUP INC	708,782	$162M	2.8%	$228.46 *	$163.61	+13.0%	COM	12572Q105
MCO	MOODY'S CORP MCO US	230,278	$89.94M	1.6%	$390.58 *	$274.24	+35.8%	COM	615369105
PM	PHILIP MORRIS INT	618,280	$58.74M	1.0%	$95.00 *	$67.24	+13.5%	COM	718172109
MA	MASTERCARD INC - A	161,064	$57.87M	1.0%	$359.32 *	$314.79	+7.3%	COM	57636Q104
ADP	AUTOMATIC DATA PROCESSING	230,112	$56.74M	1.0%	$246.58 *	$138.91	+49.2%	COM	053015103
META	META PLATFORMS INC	166,371	$55.96M	1.0%	$336.35	$232.70	+41.7%	COM	30303M102
PEP	PEPSICO INC	301,951	$52.45M	0.9%	$173.71 *	$110.27	+30.1%	COM	713448108
INTU	INTUIT INC	81,035	$52.12M	0.9%	$643.22 *	$221.54	+171.5%	COM	461202103
ALC	ALCON AG	445,907	$39.44M	0.7%	$88.44 *	$60.90	+33.5%	ORD SHS	H01301128
JNJ	JOHNSON & JOHNSON	226,622	$38.77M	0.7%	$171.07 *	$117.75	+23.2%	COM	478160104
CSCO	CISCO SYSTEMS INC	611,183	$38.73M	0.7%	$63.37 *	$34.89	+44.6%	COM	17275R102
PYPL	PAYPAL HOLDINGS INC	190,025	$35.84M	0.6%	$188.58 *	$74.43	+190.1%	COM	70450Y103
FAST	FASTENAL CO	445,697	$28.55M	0.5%	$64.06 *	$20.92	+27.5%	COM	311900104
FISV	FISERV INC	250,044	$25.95M	0.5%	$103.79	$86.69	+19.3%	COM	337738108
MCD	MCDONALD'S CORP	94,705	$25.39M	0.4%	$268.07 *	$178.36	+28.7%	COM	580135101
HSY	HERSHEY CO/THE	128,888	$24.94M	0.4%	$193.47 *	$118.23	+38.4%	COM	427866108
ACN	ACCENTURE PLC-CL A	60,123	$24.92M	0.4%	$414.55 *	$189.62	+81.1%	COM	G1151C101
BKNG	BOOKING HOLDINGS INC	8,766	$21.03M	0.4%	$2399.27 *	$1917.43	+21.6%	COM	09857L108
BXP	BOSTON PROPERTIES INC	163,590	$18.84M	0.3%	$115.18 *	$88.03	+4.2%	COM	101121101
SPGI	S&P GLOBAL INC	39,358	$18.57M	0.3%	$471.92 *	$301.21	+46.7%	COM	78409V104
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	89,028	$15.82M	0.3%	$177.72	$169.18	+3.0%	COM	874054109
WU	WESTERN UNION CO	832,033	$14.84M	0.3%	$17.84	$22.84	—	COM	959802109
KO	COCA-COLA CO	228,524	$13.53M	0.2%	$59.21 *	$39.29	+25.2%	COM	191216100
CLX	CLOROX COMPANY	74,800	$13.04M	0.2%	$174.36 *	$152.38	-4.4%	COM	189054109
CL	COLGATE-PALMOLIVE CO	148,618	$12.68M	0.2%	$85.34 *	$60.70	+16.8%	COM	194162103
EBAY	EBAY INC	82,598	$5.493M	0.1%	$66.50	$32.45	+103.4%	COM	278642103