Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $3.57B (100.0% shares, 0.0% debt)

Holdings (35)

MSFT MICROSOFT CORP 12.0%

Value $430M Shares 1,791,915 Share Price $239.82 * Est. Cost/Share $81.75 Unrealized @ Report Date +186.3%

V VISA INC-CLASS A SHARES 11.9%

Value $424M Shares 2,040,086 Share Price $207.76 * Est. Cost/Share $207.54 Unrealized @ Report Date -5.1%

PG PROCTER & GAMBLE 9.5%

Value $339M Shares 2,233,567 Share Price $151.56 * Est. Cost/Share $79.46 Unrealized @ Report Date +63.3%

GOOGL ALPHABET INC-CL A 7.6%

Value $270M Shares 3,057,745 Share Price $88.23 * Est. Cost/Share $105.96 Unrealized @ Report Date -11.0%

BDX BECTON DICKINSON AND CO 6.4%

Value $228M Shares 897,283 Share Price $254.30 * Est. Cost/Share $218.62 Unrealized @ Report Date +2.1%

FNV FRANCO-NEVADA CORP (US) 5.9%

Value $212M Shares 1,551,976 Share Price $136.48 * Est. Cost/Share $97.28 Unrealized @ Report Date +31.8%

PAYX PAYCHEX INC 5.5%

Value $196M Shares 1,694,250 Share Price $115.56 * Est. Cost/Share $69.02 Unrealized @ Report Date +54.4%

CME CME GROUP INC 4.4%

Value $156M Shares 926,309 Share Price $168.16 * Est. Cost/Share $162.45 Unrealized @ Report Date -7.1%

AXP AMERICAN EXPRESS CO 4.3%

Value $155M Shares 1,049,041 Share Price $147.75 * Est. Cost/Share $86.66 Unrealized @ Report Date +64.3%

A AGILENT TECHNOLOGIES INC 3.9%

Value $140M Shares 938,273 Share Price $149.65 * Est. Cost/Share $79.50 Unrealized @ Report Date +75.7%

MDT MEDTRONIC INC 3.5%

Value $123M Shares 1,588,727 Share Price $77.72 * Est. Cost/Share $73.46 Unrealized @ Report Date 0.0%

PEP PEPSICO INC 2.5%

Value $88.12M Shares 487,747 Share Price $180.66 * Est. Cost/Share $127.35 Unrealized @ Report Date +26.3%

MCO MOODY'S CORP MCO US 2.2%

Value $79.5M Shares 285,352 Share Price $278.62 * Est. Cost/Share $298.48 Unrealized @ Report Date -10.7%

ADP AUTOMATIC DATA PROCESSING 2.1%

Value $73.81M Shares 308,997 Share Price $238.86 * Est. Cost/Share $157.09 Unrealized @ Report Date +45.8%

PM PHILIP MORRIS INT 2.0%

Value $69.94M Shares 691,026 Share Price $101.21 * Est. Cost/Share $70.96 Unrealized @ Report Date +14.6%

JNJ JOHNSON & JOHNSON 1.8%

Value $65.85M Shares 372,795 Share Price $176.65 * Est. Cost/Share $132.96 Unrealized @ Report Date +18.1%

MA MASTERCARD INC - A 1.5%

Value $55.28M Shares 158,978 Share Price $347.73 * Est. Cost/Share $320.43 Unrealized @ Report Date +0.9%

CSCO CISCO SYSTEMS INC 1.3%

Value $46.63M Shares 978,817 Share Price $47.64 * Est. Cost/Share $37.75 Unrealized @ Report Date +9.8%

HSY HERSHEY CO/THE 1.2%

Value $43.67M Shares 188,590 Share Price $231.57 * Est. Cost/Share $145.68 Unrealized @ Report Date +45.6%

MCD MCDONALD'S CORP 1.2%

Value $41.25M Shares 156,517 Share Price $263.53 * Est. Cost/Share $201.13 Unrealized @ Report Date +21.9%

TXN TEXAS INSTRUMENTS INC 1.0%

Value $35.51M Shares 214,911 Share Price $165.22 * Est. Cost/Share $151.91 Unrealized @ Report Date 0.0%

FAST FASTENAL CO 1.0%

Value $34.72M Shares 733,646 Share Price $47.32 * Est. Cost/Share $22.00 Unrealized @ Report Date +2.9%

ALC ALCON AG 0.8%

Value $29.78M Shares 435,805 Share Price $68.34 * Est. Cost/Share $61.74 Unrealized @ Report Date +2.3%

INTU INTUIT INC 0.8%

Value $27.92M Shares 71,723 Share Price $389.22 Est. Cost/Share $243.56 Unrealized @ Report Date +59.7%

FISV FISERV INC 0.8%

Value $27.79M Shares 274,949 Share Price $101.07 Est. Cost/Share $87.53 Unrealized @ Report Date +13.8%

META META PLATFORMS INC 0.8%

Value $26.79M Shares 222,613 Share Price $120.34 * Est. Cost/Share $231.52 Unrealized @ Report Date -49.6%

ACN ACCENTURE PLC-CL A 0.7%

Value $26.42M Shares 99,029 Share Price $266.84 Est. Cost/Share $224.77 Unrealized @ Report Date +17.5%

KO COCA-COLA CO 0.7%

Value $23.87M Shares 375,229 Share Price $63.61 * Est. Cost/Share $45.64 Unrealized @ Report Date +20.3%

PYPL PAYPAL HOLDINGS INC 0.6%

Value $20.62M Shares 289,476 Share Price $71.22 * Est. Cost/Share $87.11 Unrealized @ Report Date -8.3%

ADBE ADOBE INC 0.5%

Value $18.13M Shares 53,880 Share Price $336.53 * Est. Cost/Share $438.58 Unrealized @ Report Date -27.1%

BKNG BOOKING HOLDINGS INC 0.5%

Value $18.03M Shares 8,949 Share Price $2015.28 * Est. Cost/Share $1922.21 Unrealized @ Report Date -2.8%

CLX CLOROX COMPANY 0.5%

Value $17.29M Shares 123,205 Share Price $140.33 * Est. Cost/Share $143.02 Unrealized @ Report Date -10.6%

SPGI S&P GLOBAL INC 0.4%

Value $15.27M Shares 45,593 Share Price $334.94 * Est. Cost/Share $307.36 Unrealized @ Report Date +4.5%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.3%

Value $10.24M Shares 98,343 Share Price $104.13 * Est. Cost/Share $165.21 Unrealized @ Report Date -34.4%

CL COLGATE-PALMOLIVE CO 0.0%

Value $1.152M Shares 14,620 Share Price $78.79 * Est. Cost/Share $64.37 Unrealized @ Report Date +8.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	1,791,915	$430M	12.0%	$239.82 *	$81.75	+186.3%	COM	594918104
V	VISA INC-CLASS A SHARES	2,040,086	$424M	11.9%	$207.76 *	$207.54	-5.1%	COM CL A	92826C839
PG	PROCTER & GAMBLE	2,233,567	$339M	9.5%	$151.56 *	$79.46	+63.3%	COM	742718109
GOOGL	ALPHABET INC-CL A	3,057,745	$270M	7.6%	$88.23 *	$105.96	-11.0%	CAP STK CL A	02079K305
BDX	BECTON DICKINSON AND CO	897,283	$228M	6.4%	$254.30 *	$218.62	+2.1%	COM	075887109
FNV	FRANCO-NEVADA CORP (US)	1,551,976	$212M	5.9%	$136.48 *	$97.28	+31.8%	COM	351858105
PAYX	PAYCHEX INC	1,694,250	$196M	5.5%	$115.56 *	$69.02	+54.4%	COM	704326107
CME	CME GROUP INC	926,309	$156M	4.4%	$168.16 *	$162.45	-7.1%	COM	12572Q105
AXP	AMERICAN EXPRESS CO	1,049,041	$155M	4.3%	$147.75 *	$86.66	+64.3%	COM	025816109
A	AGILENT TECHNOLOGIES INC	938,273	$140M	3.9%	$149.65 *	$79.50	+75.7%	COM	00846U101
MDT	MEDTRONIC INC	1,588,727	$123M	3.5%	$77.72 *	$73.46	0.0%	SHS	G5960L103
PEP	PEPSICO INC	487,747	$88.12M	2.5%	$180.66 *	$127.35	+26.3%	COM	713448108
MCO	MOODY'S CORP MCO US	285,352	$79.5M	2.2%	$278.62 *	$298.48	-10.7%	COM	615369105
ADP	AUTOMATIC DATA PROCESSING	308,997	$73.81M	2.1%	$238.86 *	$157.09	+45.8%	COM	053015103
PM	PHILIP MORRIS INT	691,026	$69.94M	2.0%	$101.21 *	$70.96	+14.6%	COM	718172109
JNJ	JOHNSON & JOHNSON	372,795	$65.85M	1.8%	$176.65 *	$132.96	+18.1%	COM	478160104
MA	MASTERCARD INC - A	158,978	$55.28M	1.5%	$347.73 *	$320.43	+0.9%	CL A	57636Q104
CSCO	CISCO SYSTEMS INC	978,817	$46.63M	1.3%	$47.64 *	$37.75	+9.8%	COM	17275R102
HSY	HERSHEY CO/THE	188,590	$43.67M	1.2%	$231.57 *	$145.68	+45.6%	COM	427866108
MCD	MCDONALD'S CORP	156,517	$41.25M	1.2%	$263.53 *	$201.13	+21.9%	COM	580135101
TXN	TEXAS INSTRUMENTS INC	214,911	$35.51M	1.0%	$165.22 *	$151.91	0.0%	COM	882508104
FAST	FASTENAL CO	733,646	$34.72M	1.0%	$47.32 *	$22.00	+2.9%	COM	311900104
ALC	ALCON AG	435,805	$29.78M	0.8%	$68.34 *	$61.74	+2.3%	ORD SHS	H01301128
INTU	INTUIT INC	71,723	$27.92M	0.8%	$389.22	$243.56	+59.7%	COM	461202103
FISV	FISERV INC	274,949	$27.79M	0.8%	$101.07	$87.53	+13.8%	COM	337738108
META	META PLATFORMS INC	222,613	$26.79M	0.8%	$120.34 *	$231.52	-49.6%	CL A	30303M102
ACN	ACCENTURE PLC-CL A	99,029	$26.42M	0.7%	$266.84	$224.77	+17.5%	SHS CLASS A	G1151C101
KO	COCA-COLA CO	375,229	$23.87M	0.7%	$63.61 *	$45.64	+20.3%	COM	191216100
PYPL	PAYPAL HOLDINGS INC	289,476	$20.62M	0.6%	$71.22 *	$87.11	-8.3%	COM	70450Y103
ADBE	ADOBE INC	53,880	$18.13M	0.5%	$336.53 *	$438.58	-27.1%	COM	00724F101
BKNG	BOOKING HOLDINGS INC	8,949	$18.03M	0.5%	$2015.28 *	$1922.21	-2.8%	COM	09857L108
CLX	CLOROX COMPANY	123,205	$17.29M	0.5%	$140.33 *	$143.02	-10.6%	COM	189054109
SPGI	S&P GLOBAL INC	45,593	$15.27M	0.4%	$334.94 *	$307.36	+4.5%	COM	78409V104
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	98,343	$10.24M	0.3%	$104.13 *	$165.21	-34.4%	COM	874054109
CL	COLGATE-PALMOLIVE CO	14,620	$1.152M	0.0%	$78.79 *	$64.37	+8.3%	COM	194162103