Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $5.613B (100.0% shares, 0.0% debt)

Holdings (37)

MSFT MICROSOFT CORP 14.3%

Value $803M Shares 2,603,698 Share Price $308.31 * Est. Cost/Share $77.25 Unrealized @ Report Date +277.2%

GOOGL ALPHABET INC-CL A 13.8%

Value $775M Shares 278,777 Share Price $2781.35 * Est. Cost/Share $65.00 Unrealized @ Report Date +107.4%

V VISA INC-CLASS A SHARES 12.1%

Value $678M Shares 3,056,699 Share Price $221.77 * Est. Cost/Share $207.63 Unrealized @ Report Date +1.2%

— MEDTRONIC INC 8.8%

Value $493M Shares 4,440,817 Share Price $110.95 Est. Cost/Share $96.12 Unrealized @ Report Date —

AXP AMERICAN EXPRESS CO 7.6%

Value $426M Shares 2,280,166 Share Price $187.00 * Est. Cost/Share $86.66 Unrealized @ Report Date +98.2%

FNV FRANCO-NEVADA CORP (US) 6.0%

Value $336M Shares 2,106,086 Share Price $159.52 * Est. Cost/Share $91.39 Unrealized @ Report Date +51.9%

PG PROCTER & GAMBLE 5.7%

Value $317M Shares 2,075,525 Share Price $152.80 * Est. Cost/Share $74.32 Unrealized @ Report Date +91.3%

PAYX PAYCHEX INC 4.8%

Value $270M Shares 1,978,096 Share Price $136.47 * Est. Cost/Share $64.74 Unrealized @ Report Date +69.5%

BDX BECTON DICKINSON AND CO 4.3%

Value $241M Shares 906,028 Share Price $266.00 * Est. Cost/Share $218.62 Unrealized @ Report Date +10.2%

A AGILENT TECHNOLOGIES INC 4.1%

Value $231M Shares 1,743,194 Share Price $132.33 Est. Cost/Share $76.86 Unrealized @ Report Date +74.3%

CME CME GROUP INC 2.9%

Value $164M Shares 688,948 Share Price $237.86 * Est. Cost/Share $163.61 Unrealized @ Report Date +22.7%

MCO MOODY'S CORP MCO US 2.7%

Value $153M Shares 454,665 Share Price $337.41 * Est. Cost/Share $299.40 Unrealized @ Report Date +8.6%

MA MASTERCARD INC - A 1.1%

Value $64.38M Shares 180,149 Share Price $357.38 Est. Cost/Share $318.69 Unrealized @ Report Date +10.3%

PM PHILIP MORRIS INT 1.1%

Value $62.06M Shares 660,598 Share Price $93.94 * Est. Cost/Share $68.24 Unrealized @ Report Date +21.3%

ADP AUTOMATIC DATA PROCESSING 1.0%

Value $56.84M Shares 249,823 Share Price $227.54 * Est. Cost/Share $143.48 Unrealized @ Report Date +37.2%

PEP PEPSICO INC 1.0%

Value $53.97M Shares 322,425 Share Price $167.38 * Est. Cost/Share $112.69 Unrealized @ Report Date +31.7%

META META PLATFORMS INC 0.8%

Value $46.96M Shares 211,199 Share Price $222.36 * Est. Cost/Share $235.99 Unrealized @ Report Date +5.2%

JNJ JOHNSON & JOHNSON 0.8%

Value $43.62M Shares 246,092 Share Price $177.23 * Est. Cost/Share $120.45 Unrealized @ Report Date +26.0%

INTU INTUIT INC 0.7%

Value $37.06M Shares 77,071 Share Price $480.84 * Est. Cost/Share $221.54 Unrealized @ Report Date +125.5%

CSCO CISCO SYSTEMS INC 0.6%

Value $36.07M Shares 646,827 Share Price $55.76 * Est. Cost/Share $35.74 Unrealized @ Report Date +40.7%

ALC ALCON AG 0.6%

Value $35.59M Shares 445,907 Share Price $79.80 * Est. Cost/Share $60.90 Unrealized @ Report Date +25.3%

FAST FASTENAL CO 0.5%

Value $28.75M Shares 483,998 Share Price $59.40 * Est. Cost/Share $21.27 Unrealized @ Report Date +19.4%

HSY HERSHEY CO/THE 0.5%

Value $28.69M Shares 132,433 Share Price $216.63 * Est. Cost/Share $120.00 Unrealized @ Report Date +53.7%

PYPL PAYPAL HOLDINGS INC 0.5%

Value $28.52M Shares 246,562 Share Price $115.65 * Est. Cost/Share $87.81 Unrealized @ Report Date +51.2%

MCD MCDONALD'S CORP 0.5%

Value $25.44M Shares 102,883 Share Price $247.28 * Est. Cost/Share $182.28 Unrealized @ Report Date +25.0%

FISV FISERV INC 0.5%

Value $25.35M Shares 250,044 Share Price $101.40 Est. Cost/Share $86.69 Unrealized @ Report Date +16.8%

BXP BOSTON PROPERTIES INC 0.4%

Value $22.89M Shares 177,726 Share Price $128.80 * Est. Cost/Share $88.77 Unrealized @ Report Date +9.7%

ACN ACCENTURE PLC-CL A 0.4%

Value $22.03M Shares 65,328 Share Price $337.24 * Est. Cost/Share $199.89 Unrealized @ Report Date +59.4%

WU WESTERN UNION CO 0.3%

Value $16.93M Shares 903,614 Share Price $18.74 Est. Cost/Share $22.51 Unrealized @ Report Date —

SPGI S&P GLOBAL INC 0.3%

Value $16.14M Shares 39,358 Share Price $410.18 * Est. Cost/Share $301.21 Unrealized @ Report Date +30.9%

BKNG BOOKING HOLDINGS INC 0.3%

Value $15.51M Shares 6,606 Share Price $2348.47 * Est. Cost/Share $1917.43 Unrealized @ Report Date +19.9%

KO COCA-COLA CO 0.3%

Value $15.38M Shares 248,109 Share Price $62.00 * Est. Cost/Share $40.45 Unrealized @ Report Date +33.6%

ADBE ADOBE INC 0.3%

Value $15.16M Shares 33,285 Share Price $455.61 * Est. Cost/Share $481.10 Unrealized @ Report Date 0.0%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.2%

Value $13.69M Shares 89,028 Share Price $153.74 * Est. Cost/Share $169.18 Unrealized @ Report Date -5.4%

CLX CLOROX COMPANY 0.2%

Value $11.29M Shares 81,243 Share Price $139.03 * Est. Cost/Share $150.98 Unrealized @ Report Date -10.8%

EBAY EBAY INC 0.1%

Value $2.824M Shares 49,318 Share Price $57.26 * Est. Cost/Share $32.45 Unrealized @ Report Date +66.5%

CL COLGATE-PALMOLIVE CO 0.0%

Value $774K Shares 10,212 Share Price $75.79 * Est. Cost/Share $60.70 Unrealized @ Report Date +19.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	2,603,698	$803M	14.3%	$308.31 *	$77.25	+277.2%	COM	594918104
GOOGL	ALPHABET INC-CL A	278,777	$775M	13.8%	$2781.35 *	$65.00	+107.4%	COM	02079K305
V	VISA INC-CLASS A SHARES	3,056,699	$678M	12.1%	$221.77 *	$207.63	+1.2%	COM	92826C839
—	MEDTRONIC INC	4,440,817	$493M	8.8%	$110.95	$96.12	—	COM	585055106
AXP	AMERICAN EXPRESS CO	2,280,166	$426M	7.6%	$187.00 *	$86.66	+98.2%	COM	025816109
FNV	FRANCO-NEVADA CORP (US)	2,106,086	$336M	6.0%	$159.52 *	$91.39	+51.9%	COM	351858105
PG	PROCTER & GAMBLE	2,075,525	$317M	5.7%	$152.80 *	$74.32	+91.3%	COM	742718109
PAYX	PAYCHEX INC	1,978,096	$270M	4.8%	$136.47 *	$64.74	+69.5%	COM	704326107
BDX	BECTON DICKINSON AND CO	906,028	$241M	4.3%	$266.00 *	$218.62	+10.2%	COM	075887109
A	AGILENT TECHNOLOGIES INC	1,743,194	$231M	4.1%	$132.33	$76.86	+74.3%	COM	00846U101
CME	CME GROUP INC	688,948	$164M	2.9%	$237.86 *	$163.61	+22.7%	COM	12572Q105
MCO	MOODY'S CORP MCO US	454,665	$153M	2.7%	$337.41 *	$299.40	+8.6%	COM	615369105
MA	MASTERCARD INC - A	180,149	$64.38M	1.1%	$357.38	$318.69	+10.3%	COM	57636Q104
PM	PHILIP MORRIS INT	660,598	$62.06M	1.1%	$93.94 *	$68.24	+21.3%	COM	718172109
ADP	AUTOMATIC DATA PROCESSING	249,823	$56.84M	1.0%	$227.54 *	$143.48	+37.2%	COM	053015103
PEP	PEPSICO INC	322,425	$53.97M	1.0%	$167.38 *	$112.69	+31.7%	COM	713448108
META	META PLATFORMS INC	211,199	$46.96M	0.8%	$222.36 *	$235.99	+5.2%	COM	30303M102
JNJ	JOHNSON & JOHNSON	246,092	$43.62M	0.8%	$177.23 *	$120.45	+26.0%	COM	478160104
INTU	INTUIT INC	77,071	$37.06M	0.7%	$480.84 *	$221.54	+125.5%	COM	461202103
CSCO	CISCO SYSTEMS INC	646,827	$36.07M	0.6%	$55.76 *	$35.74	+40.7%	COM	17275R102
ALC	ALCON AG	445,907	$35.59M	0.6%	$79.80 *	$60.90	+25.3%	ORD SHS	H01301128
FAST	FASTENAL CO	483,998	$28.75M	0.5%	$59.40 *	$21.27	+19.4%	COM	311900104
HSY	HERSHEY CO/THE	132,433	$28.69M	0.5%	$216.63 *	$120.00	+53.7%	COM	427866108
PYPL	PAYPAL HOLDINGS INC	246,562	$28.52M	0.5%	$115.65 *	$87.81	+51.2%	COM	70450Y103
MCD	MCDONALD'S CORP	102,883	$25.44M	0.5%	$247.28 *	$182.28	+25.0%	COM	580135101
FISV	FISERV INC	250,044	$25.35M	0.5%	$101.40	$86.69	+16.8%	COM	337738108
BXP	BOSTON PROPERTIES INC	177,726	$22.89M	0.4%	$128.80 *	$88.77	+9.7%	COM	101121101
ACN	ACCENTURE PLC-CL A	65,328	$22.03M	0.4%	$337.24 *	$199.89	+59.4%	COM	G1151C101
WU	WESTERN UNION CO	903,614	$16.93M	0.3%	$18.74	$22.51	—	COM	959802109
SPGI	S&P GLOBAL INC	39,358	$16.14M	0.3%	$410.18 *	$301.21	+30.9%	COM	78409V104
BKNG	BOOKING HOLDINGS INC	6,606	$15.51M	0.3%	$2348.47 *	$1917.43	+19.9%	COM	09857L108
KO	COCA-COLA CO	248,109	$15.38M	0.3%	$62.00 *	$40.45	+33.6%	COM	191216100
ADBE	ADOBE INC	33,285	$15.16M	0.3%	$455.61 *	$481.10	0.0%	COM	00724F101
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	89,028	$13.69M	0.2%	$153.74 *	$169.18	-5.4%	COM	874054109
CLX	CLOROX COMPANY	81,243	$11.29M	0.2%	$139.03 *	$150.98	-10.8%	COM	189054109
EBAY	EBAY INC	49,318	$2.824M	0.1%	$57.26 *	$32.45	+66.5%	COM	278642103
CL	COLGATE-PALMOLIVE CO	10,212	$774K	0.0%	$75.79 *	$60.70	+19.2%	COM	194162103