Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q2 2022 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $4.865B (100.0% shares, 0.0% debt)

Holdings (36)

MSFT MICROSOFT CORP 14.1%

Value $685M Shares 2,668,237 Share Price $256.83 * Est. Cost/Share $81.75 Unrealized @ Report Date +222.2%

GOOGL ALPHABET INC-CL A 12.6%

Value $614M Shares 281,844 Share Price $2179.26 * Est. Cost/Share $65.57 Unrealized @ Report Date +78.2%

V VISA INC-CLASS A SHARES 12.5%

Value $610M Shares 3,099,566 Share Price $196.89 * Est. Cost/Share $207.54 Unrealized @ Report Date -3.1%

— MEDTRONIC INC 8.0%

Value $391M Shares 4,357,092 Share Price $89.75 Est. Cost/Share $96.12 Unrealized @ Report Date —

AXP AMERICAN EXPRESS CO 6.5%

Value $318M Shares 2,295,454 Share Price $138.62 * Est. Cost/Share $86.66 Unrealized @ Report Date +81.8%

PG PROCTER & GAMBLE 6.5%

Value $314M Shares 2,185,462 Share Price $143.79 * Est. Cost/Share $77.48 Unrealized @ Report Date +77.2%

FNV FRANCO-NEVADA CORP (US) 6.4%

Value $313M Shares 2,378,005 Share Price $131.58 * Est. Cost/Share $97.28 Unrealized @ Report Date +46.9%

BDX BECTON DICKINSON AND CO 4.6%

Value $223M Shares 904,496 Share Price $246.53 * Est. Cost/Share $218.62 Unrealized @ Report Date +9.1%

A AGILENT TECHNOLOGIES INC 4.5%

Value $221M Shares 1,857,322 Share Price $118.77 Est. Cost/Share $79.50 Unrealized @ Report Date +50.8%

PAYX PAYCHEX INC 3.6%

Value $176M Shares 1,547,060 Share Price $113.87 Est. Cost/Share $64.74 Unrealized @ Report Date +74.3%

CME CME GROUP INC 2.9%

Value $140M Shares 685,950 Share Price $204.70 * Est. Cost/Share $163.61 Unrealized @ Report Date +11.2%

MCO MOODY'S CORP MCO US 2.6%

Value $127M Shares 466,111 Share Price $271.97 * Est. Cost/Share $299.16 Unrealized @ Report Date -3.1%

PM PHILIP MORRIS INT 1.6%

Value $75.62M Shares 765,893 Share Price $98.74 * Est. Cost/Share $70.60 Unrealized @ Report Date +21.0%

PEP PEPSICO INC 1.3%

Value $63.07M Shares 378,428 Share Price $166.66 * Est. Cost/Share $118.18 Unrealized @ Report Date +26.8%

MA MASTERCARD INC - A 1.3%

Value $62.71M Shares 198,773 Share Price $315.48 * Est. Cost/Share $320.43 Unrealized @ Report Date +5.3%

ADP AUTOMATIC DATA PROCESSING 1.3%

Value $61.58M Shares 293,164 Share Price $210.04 * Est. Cost/Share $152.21 Unrealized @ Report Date +33.0%

JNJ JOHNSON & JOHNSON 1.1%

Value $51.29M Shares 288,924 Share Price $177.51 * Est. Cost/Share $126.30 Unrealized @ Report Date +26.6%

META META PLATFORMS INC 0.8%

Value $36.97M Shares 229,257 Share Price $161.25 * Est. Cost/Share $232.49 Unrealized @ Report Date -17.6%

INTU INTUIT INC 0.7%

Value $33.77M Shares 87,617 Share Price $385.44 * Est. Cost/Share $243.56 Unrealized @ Report Date +66.1%

ALC ALCON AG 0.7%

Value $33.66M Shares 481,871 Share Price $69.86 * Est. Cost/Share $61.74 Unrealized @ Report Date +16.9%

HSY HERSHEY CO/THE 0.7%

Value $33.57M Shares 156,014 Share Price $215.16 * Est. Cost/Share $131.89 Unrealized @ Report Date +50.6%

CSCO CISCO SYSTEMS INC 0.7%

Value $32.37M Shares 759,041 Share Price $42.64 Est. Cost/Share $36.79 Unrealized @ Report Date +16.4%

MCD MCDONALD'S CORP 0.6%

Value $29.84M Shares 120,859 Share Price $246.88 * Est. Cost/Share $188.84 Unrealized @ Report Date +19.9%

FAST FASTENAL CO 0.6%

Value $28.36M Shares 568,131 Share Price $49.92 * Est. Cost/Share $21.77 Unrealized @ Report Date +13.2%

FISV FISERV INC 0.5%

Value $24.23M Shares 272,388 Share Price $88.97 * Est. Cost/Share $87.53 Unrealized @ Report Date +10.8%

ACN ACCENTURE PLC-CL A 0.4%

Value $21.32M Shares 76,768 Share Price $277.65 * Est. Cost/Share $212.51 Unrealized @ Report Date +33.9%

PYPL PAYPAL HOLDINGS INC 0.4%

Value $18.78M Shares 268,836 Share Price $69.84 * Est. Cost/Share $87.70 Unrealized @ Report Date -1.3%

BXP BOSTON PROPERTIES INC 0.4%

Value $18.58M Shares 208,825 Share Price $88.98 Est. Cost/Share $88.90 Unrealized @ Report Date +0.8%

KO COCA-COLA CO 0.4%

Value $18.32M Shares 291,150 Share Price $62.91 * Est. Cost/Share $42.86 Unrealized @ Report Date +32.4%

WU WESTERN UNION CO 0.4%

Value $17.48M Shares 1,061,230 Share Price $16.47 Est. Cost/Share $21.62 Unrealized @ Report Date —

ADBE ADOBE INC 0.3%

Value $16.51M Shares 45,109 Share Price $366.07 * Est. Cost/Share $461.67 Unrealized @ Report Date -11.8%

SPGI S&P GLOBAL INC 0.3%

Value $14.78M Shares 43,841 Share Price $337.06 * Est. Cost/Share $305.75 Unrealized @ Report Date +13.0%

CLX CLOROX COMPANY 0.3%

Value $13.45M Shares 95,392 Share Price $140.98 * Est. Cost/Share $147.36 Unrealized @ Report Date -14.1%

BKNG BOOKING HOLDINGS INC 0.3%

Value $12.79M Shares 7,310 Share Price $1748.97 * Est. Cost/Share $1934.93 Unrealized @ Report Date +8.5%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.2%

Value $12.05M Shares 98,343 Share Price $122.53 * Est. Cost/Share $165.21 Unrealized @ Report Date -23.0%

CL COLGATE-PALMOLIVE CO 0.0%

Value $1.191M Shares 14,867 Share Price $80.11 * Est. Cost/Share $64.18 Unrealized @ Report Date +11.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	2,668,237	$685M	14.1%	$256.83 *	$81.75	+222.2%	COM	594918104
GOOGL	ALPHABET INC-CL A	281,844	$614M	12.6%	$2179.26 *	$65.57	+78.2%	COM	02079K305
V	VISA INC-CLASS A SHARES	3,099,566	$610M	12.5%	$196.89 *	$207.54	-3.1%	COM	92826C839
—	MEDTRONIC INC	4,357,092	$391M	8.0%	$89.75	$96.12	—	COM	585055106
AXP	AMERICAN EXPRESS CO	2,295,454	$318M	6.5%	$138.62 *	$86.66	+81.8%	COM	025816109
PG	PROCTER & GAMBLE	2,185,462	$314M	6.5%	$143.79 *	$77.48	+77.2%	COM	742718109
FNV	FRANCO-NEVADA CORP (US)	2,378,005	$313M	6.4%	$131.58 *	$97.28	+46.9%	COM	351858105
BDX	BECTON DICKINSON AND CO	904,496	$223M	4.6%	$246.53 *	$218.62	+9.1%	COM	075887109
A	AGILENT TECHNOLOGIES INC	1,857,322	$221M	4.5%	$118.77	$79.50	+50.8%	COM	00846U101
PAYX	PAYCHEX INC	1,547,060	$176M	3.6%	$113.87	$64.74	+74.3%	COM	704326107
CME	CME GROUP INC	685,950	$140M	2.9%	$204.70 *	$163.61	+11.2%	COM	12572Q105
MCO	MOODY'S CORP MCO US	466,111	$127M	2.6%	$271.97 *	$299.16	-3.1%	COM	615369105
PM	PHILIP MORRIS INT	765,893	$75.62M	1.6%	$98.74 *	$70.60	+21.0%	COM	718172109
PEP	PEPSICO INC	378,428	$63.07M	1.3%	$166.66 *	$118.18	+26.8%	COM	713448108
MA	MASTERCARD INC - A	198,773	$62.71M	1.3%	$315.48 *	$320.43	+5.3%	COM	57636Q104
ADP	AUTOMATIC DATA PROCESSING	293,164	$61.58M	1.3%	$210.04 *	$152.21	+33.0%	COM	053015103
JNJ	JOHNSON & JOHNSON	288,924	$51.29M	1.1%	$177.51 *	$126.30	+26.6%	COM	478160104
META	META PLATFORMS INC	229,257	$36.97M	0.8%	$161.25 *	$232.49	-17.6%	COM	30303M102
INTU	INTUIT INC	87,617	$33.77M	0.7%	$385.44 *	$243.56	+66.1%	COM	461202103
ALC	ALCON AG	481,871	$33.66M	0.7%	$69.86 *	$61.74	+16.9%	ORD SHS	H01301128
HSY	HERSHEY CO/THE	156,014	$33.57M	0.7%	$215.16 *	$131.89	+50.6%	COM	427866108
CSCO	CISCO SYSTEMS INC	759,041	$32.37M	0.7%	$42.64	$36.79	+16.4%	COM	17275R102
MCD	MCDONALD'S CORP	120,859	$29.84M	0.6%	$246.88 *	$188.84	+19.9%	COM	580135101
FAST	FASTENAL CO	568,131	$28.36M	0.6%	$49.92 *	$21.77	+13.2%	COM	311900104
FISV	FISERV INC	272,388	$24.23M	0.5%	$88.97 *	$87.53	+10.8%	COM	337738108
ACN	ACCENTURE PLC-CL A	76,768	$21.32M	0.4%	$277.65 *	$212.51	+33.9%	COM	G1151C101
PYPL	PAYPAL HOLDINGS INC	268,836	$18.78M	0.4%	$69.84 *	$87.70	-1.3%	COM	70450Y103
BXP	BOSTON PROPERTIES INC	208,825	$18.58M	0.4%	$88.98	$88.90	+0.8%	COM	101121101
KO	COCA-COLA CO	291,150	$18.32M	0.4%	$62.91 *	$42.86	+32.4%	COM	191216100
WU	WESTERN UNION CO	1,061,230	$17.48M	0.4%	$16.47	$21.62	—	COM	959802109
ADBE	ADOBE INC	45,109	$16.51M	0.3%	$366.07 *	$461.67	-11.8%	COM	00724F101
SPGI	S&P GLOBAL INC	43,841	$14.78M	0.3%	$337.06 *	$305.75	+13.0%	COM	78409V104
CLX	CLOROX COMPANY	95,392	$13.45M	0.3%	$140.98 *	$147.36	-14.1%	COM	189054109
BKNG	BOOKING HOLDINGS INC	7,310	$12.79M	0.3%	$1748.97 *	$1934.93	+8.5%	COM	09857L108
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	98,343	$12.05M	0.2%	$122.53 *	$165.21	-23.0%	COM	874054109
CL	COLGATE-PALMOLIVE CO	14,867	$1.191M	0.0%	$80.11 *	$64.18	+11.9%	COM	194162103