Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $3.472B (100.0% shares, 0.0% debt)

Holdings (36)

MSFT MICROSOFT CORP 12.0%

Value $415M Shares 1,782,498 Share Price $232.90 * Est. Cost/Share $81.75 Unrealized @ Report Date +214.2%

V VISA INC-CLASS A SHARES 12.0%

Value $415M Shares 2,336,248 Share Price $177.65 * Est. Cost/Share $207.54 Unrealized @ Report Date -4.4%

GOOGL ALPHABET INC-CL A 8.4%

Value $293M Shares 3,060,413 Share Price $95.65 * Est. Cost/Share $105.96 Unrealized @ Report Date +3.9%

FNV FRANCO-NEVADA CORP (US) 8.2%

Value $286M Shares 2,392,225 Share Price $119.48 Est. Cost/Share $97.28 Unrealized @ Report Date +25.2%

PG PROCTER & GAMBLE 7.8%

Value $271M Shares 2,149,079 Share Price $126.25 * Est. Cost/Share $77.48 Unrealized @ Report Date +68.5%

A AGILENT TECHNOLOGIES INC 6.5%

Value $225M Shares 1,849,911 Share Price $121.55 * Est. Cost/Share $79.50 Unrealized @ Report Date +57.8%

BDX BECTON DICKINSON AND CO 5.8%

Value $201M Shares 902,239 Share Price $222.83 * Est. Cost/Share $218.62 Unrealized @ Report Date +7.3%

AXP AMERICAN EXPRESS CO 5.4%

Value $188M Shares 1,391,020 Share Price $134.91 * Est. Cost/Share $86.66 Unrealized @ Report Date +67.3%

PAYX PAYCHEX INC 4.9%

Value $171M Shares 1,520,818 Share Price $112.21 Est. Cost/Share $64.74 Unrealized @ Report Date +73.2%

CME CME GROUP INC 4.0%

Value $139M Shares 786,660 Share Price $177.13 * Est. Cost/Share $164.49 Unrealized @ Report Date +3.7%

— MEDTRONIC INC 3.3%

Value $115M Shares 1,420,023 Share Price $80.75 Est. Cost/Share $96.12 Unrealized @ Report Date —

ADP AUTOMATIC DATA PROCESSING 2.1%

Value $71.53M Shares 316,224 Share Price $226.19 * Est. Cost/Share $157.09 Unrealized @ Report Date +39.5%

MCO MOODY'S CORP MCO US 2.0%

Value $67.91M Shares 279,354 Share Price $243.11 * Est. Cost/Share $299.16 Unrealized @ Report Date -5.6%

PEP PEPSICO INC 1.9%

Value $66.69M Shares 408,480 Share Price $163.26 * Est. Cost/Share $120.85 Unrealized @ Report Date +27.8%

PM PHILIP MORRIS INT 1.6%

Value $55.41M Shares 667,471 Share Price $83.01 * Est. Cost/Share $70.60 Unrealized @ Report Date +14.7%

JNJ JOHNSON & JOHNSON 1.5%

Value $50.99M Shares 312,131 Share Price $163.36 * Est. Cost/Share $128.28 Unrealized @ Report Date +19.2%

MA MASTERCARD INC - A 1.3%

Value $45.19M Shares 158,937 Share Price $284.34 * Est. Cost/Share $320.43 Unrealized @ Report Date +1.5%

HSY HERSHEY CO/THE 1.0%

Value $34.8M Shares 157,862 Share Price $220.47 * Est. Cost/Share $132.75 Unrealized @ Report Date +54.6%

CSCO CISCO SYSTEMS INC 0.9%

Value $32.79M Shares 819,810 Share Price $40.00 Est. Cost/Share $37.03 Unrealized @ Report Date +8.2%

META META PLATFORMS INC 0.9%

Value $31.53M Shares 232,413 Share Price $135.68 * Est. Cost/Share $231.52 Unrealized @ Report Date -30.5%

MCD MCDONALD'S CORP 0.9%

Value $30.14M Shares 130,614 Share Price $230.74 * Est. Cost/Share $192.38 Unrealized @ Report Date +22.8%

INTU INTUIT INC 0.8%

Value $29.49M Shares 76,144 Share Price $387.32 * Est. Cost/Share $243.56 Unrealized @ Report Date +73.5%

FAST FASTENAL CO 0.8%

Value $28.26M Shares 613,835 Share Price $46.04 * Est. Cost/Share $21.88 Unrealized @ Report Date +6.0%

FISV FISERV INC 0.7%

Value $25.73M Shares 274,949 Share Price $93.57 * Est. Cost/Share $87.53 Unrealized @ Report Date +16.4%

ALC ALCON AG 0.7%

Value $25.67M Shares 435,805 Share Price $58.91 * Est. Cost/Share $61.74 Unrealized @ Report Date +11.2%

PYPL PAYPAL HOLDINGS INC 0.7%

Value $23.02M Shares 267,510 Share Price $86.07 * Est. Cost/Share $87.70 Unrealized @ Report Date +0.9%

ACN ACCENTURE PLC-CL A 0.6%

Value $21.35M Shares 82,975 Share Price $257.29 * Est. Cost/Share $217.16 Unrealized @ Report Date +26.5%

KO COCA-COLA CO 0.5%

Value $17.62M Shares 314,514 Share Price $56.02 Est. Cost/Share $43.84 Unrealized @ Report Date +27.8%

BXP BOSTON PROPERTIES INC 0.5%

Value $16.92M Shares 225,675 Share Price $74.97 * Est. Cost/Share $87.46 Unrealized @ Report Date -20.5%

WU WESTERN UNION CO 0.4%

Value $15.48M Shares 1,146,495 Share Price $13.50 Est. Cost/Share $21.01 Unrealized @ Report Date —

SPGI S&P GLOBAL INC 0.4%

Value $13.92M Shares 45,593 Share Price $305.35 * Est. Cost/Share $307.36 Unrealized @ Report Date +13.1%

CLX CLOROX COMPANY 0.4%

Value $13.23M Shares 103,083 Share Price $128.39 Est. Cost/Share $145.98 Unrealized @ Report Date -11.7%

ADBE ADOBE INC 0.4%

Value $12.41M Shares 45,109 Share Price $275.20 * Est. Cost/Share $461.67 Unrealized @ Report Date -18.0%

BKNG BOOKING HOLDINGS INC 0.4%

Value $12.3M Shares 7,483 Share Price $1643.19 * Est. Cost/Share $1932.92 Unrealized @ Report Date -4.4%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.3%

Value $10.72M Shares 98,343 Share Price $109.00 * Est. Cost/Share $165.21 Unrealized @ Report Date -24.8%

CL COLGATE-PALMOLIVE CO 0.0%

Value $992K Shares 14,120 Share Price $70.25 * Est. Cost/Share $64.18 Unrealized @ Report Date +12.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	1,782,498	$415M	12.0%	$232.90 *	$81.75	+214.2%	COM	594918104
V	VISA INC-CLASS A SHARES	2,336,248	$415M	12.0%	$177.65 *	$207.54	-4.4%	COM	92826C839
GOOGL	ALPHABET INC-CL A	3,060,413	$293M	8.4%	$95.65 *	$105.96	+3.9%	COM	02079K305
FNV	FRANCO-NEVADA CORP (US)	2,392,225	$286M	8.2%	$119.48	$97.28	+25.2%	COM	351858105
PG	PROCTER & GAMBLE	2,149,079	$271M	7.8%	$126.25 *	$77.48	+68.5%	COM	742718109
A	AGILENT TECHNOLOGIES INC	1,849,911	$225M	6.5%	$121.55 *	$79.50	+57.8%	COM	00846U101
BDX	BECTON DICKINSON AND CO	902,239	$201M	5.8%	$222.83 *	$218.62	+7.3%	COM	075887109
AXP	AMERICAN EXPRESS CO	1,391,020	$188M	5.4%	$134.91 *	$86.66	+67.3%	COM	025816109
PAYX	PAYCHEX INC	1,520,818	$171M	4.9%	$112.21	$64.74	+73.2%	COM	704326107
CME	CME GROUP INC	786,660	$139M	4.0%	$177.13 *	$164.49	+3.7%	COM	12572Q105
—	MEDTRONIC INC	1,420,023	$115M	3.3%	$80.75	$96.12	—	COM	585055106
ADP	AUTOMATIC DATA PROCESSING	316,224	$71.53M	2.1%	$226.19 *	$157.09	+39.5%	COM	053015103
MCO	MOODY'S CORP MCO US	279,354	$67.91M	2.0%	$243.11 *	$299.16	-5.6%	COM	615369105
PEP	PEPSICO INC	408,480	$66.69M	1.9%	$163.26 *	$120.85	+27.8%	COM	713448108
PM	PHILIP MORRIS INT	667,471	$55.41M	1.6%	$83.01 *	$70.60	+14.7%	COM	718172109
JNJ	JOHNSON & JOHNSON	312,131	$50.99M	1.5%	$163.36 *	$128.28	+19.2%	COM	478160104
MA	MASTERCARD INC - A	158,937	$45.19M	1.3%	$284.34 *	$320.43	+1.5%	COM	57636Q104
HSY	HERSHEY CO/THE	157,862	$34.8M	1.0%	$220.47 *	$132.75	+54.6%	COM	427866108
CSCO	CISCO SYSTEMS INC	819,810	$32.79M	0.9%	$40.00	$37.03	+8.2%	COM	17275R102
META	META PLATFORMS INC	232,413	$31.53M	0.9%	$135.68 *	$231.52	-30.5%	COM	30303M102
MCD	MCDONALD'S CORP	130,614	$30.14M	0.9%	$230.74 *	$192.38	+22.8%	COM	580135101
INTU	INTUIT INC	76,144	$29.49M	0.8%	$387.32 *	$243.56	+73.5%	COM	461202103
FAST	FASTENAL CO	613,835	$28.26M	0.8%	$46.04 *	$21.88	+6.0%	COM	311900104
FISV	FISERV INC	274,949	$25.73M	0.7%	$93.57 *	$87.53	+16.4%	COM	337738108
ALC	ALCON AG	435,805	$25.67M	0.7%	$58.91 *	$61.74	+11.2%	ORD SHS	H01301128
PYPL	PAYPAL HOLDINGS INC	267,510	$23.02M	0.7%	$86.07 *	$87.70	+0.9%	COM	70450Y103
ACN	ACCENTURE PLC-CL A	82,975	$21.35M	0.6%	$257.29 *	$217.16	+26.5%	COM	G1151C101
KO	COCA-COLA CO	314,514	$17.62M	0.5%	$56.02	$43.84	+27.8%	COM	191216100
BXP	BOSTON PROPERTIES INC	225,675	$16.92M	0.5%	$74.97 *	$87.46	-20.5%	COM	101121101
WU	WESTERN UNION CO	1,146,495	$15.48M	0.4%	$13.50	$21.01	—	COM	959802109
SPGI	S&P GLOBAL INC	45,593	$13.92M	0.4%	$305.35 *	$307.36	+13.1%	COM	78409V104
CLX	CLOROX COMPANY	103,083	$13.23M	0.4%	$128.39	$145.98	-11.7%	COM	189054109
ADBE	ADOBE INC	45,109	$12.41M	0.4%	$275.20 *	$461.67	-18.0%	COM	00724F101
BKNG	BOOKING HOLDINGS INC	7,483	$12.3M	0.4%	$1643.19 *	$1932.92	-4.4%	COM	09857L108
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	98,343	$10.72M	0.3%	$109.00 *	$165.21	-24.8%	COM	874054109
CL	COLGATE-PALMOLIVE CO	14,120	$992K	0.0%	$70.25 *	$64.18	+12.9%	COM	194162103