Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $3.348B (100.0% shares, 0.0% debt)

Holdings (35)

V VISA INC-CLASS A SHARES 13.3%

Value $446M Shares 1,976,516 Share Price $225.46 * Est. Cost/Share $207.54 Unrealized @ Report Date +5.0%

MSFT MICROSOFT CORP 10.3%

Value $344M Shares 1,193,436 Share Price $288.30 * Est. Cost/Share $81.75 Unrealized @ Report Date +205.1%

PG PROCTER & GAMBLE 8.7%

Value $292M Shares 1,966,158 Share Price $148.69 * Est. Cost/Share $79.46 Unrealized @ Report Date +67.6%

GOOGL ALPHABET INC-CL A 7.5%

Value $251M Shares 2,419,777 Share Price $103.73 * Est. Cost/Share $105.96 Unrealized @ Report Date -10.1%

BDX BECTON DICKINSON AND CO 6.5%

Value $219M Shares 885,039 Share Price $247.54 * Est. Cost/Share $218.62 Unrealized @ Report Date +6.2%

AXP AMERICAN EXPRESS CO 5.1%

Value $171M Shares 1,038,305 Share Price $164.95 * Est. Cost/Share $86.66 Unrealized @ Report Date +84.6%

PAYX PAYCHEX INC 4.9%

Value $166M Shares 1,445,935 Share Price $114.59 * Est. Cost/Share $69.02 Unrealized @ Report Date +51.1%

FNV FRANCO-NEVADA CORP (US) 4.9%

Value $163M Shares 1,116,933 Share Price $145.80 * Est. Cost/Share $97.28 Unrealized @ Report Date +39.5%

CME CME GROUP INC 4.5%

Value $152M Shares 791,669 Share Price $191.52 * Est. Cost/Share $162.45 Unrealized @ Report Date -0.3%

A AGILENT TECHNOLOGIES INC 3.8%

Value $127M Shares 921,572 Share Price $138.34 * Est. Cost/Share $79.50 Unrealized @ Report Date +80.2%

MDT MEDTRONIC INC 3.5%

Value $117M Shares 1,449,867 Share Price $80.62 * Est. Cost/Share $73.46 Unrealized @ Report Date +1.4%

PEP PEPSICO INC 2.7%

Value $89.54M Shares 491,184 Share Price $182.30 * Est. Cost/Share $127.35 Unrealized @ Report Date +24.6%

MCO MOODY'S CORP MCO US 2.2%

Value $73.7M Shares 240,838 Share Price $306.02 * Est. Cost/Share $298.48 Unrealized @ Report Date -1.2%

ADP AUTOMATIC DATA PROCESSING 2.1%

Value $69.34M Shares 311,439 Share Price $222.63 * Est. Cost/Share $157.09 Unrealized @ Report Date +34.6%

PM PHILIP MORRIS INT 2.0%

Value $67.97M Shares 698,909 Share Price $97.25 * Est. Cost/Share $71.14 Unrealized @ Report Date +22.2%

JNJ JOHNSON & JOHNSON 1.7%

Value $58.24M Shares 375,742 Share Price $155.00 * Est. Cost/Share $132.96 Unrealized @ Report Date +11.2%

CSCO CISCO SYSTEMS INC 1.6%

Value $51.99M Shares 994,532 Share Price $52.27 * Est. Cost/Share $37.86 Unrealized @ Report Date +18.5%

MA MASTERCARD INC - A 1.3%

Value $44.79M Shares 123,258 Share Price $363.41 Est. Cost/Share $320.43 Unrealized @ Report Date +11.6%

MCD MCDONALD'S CORP 1.3%

Value $44.47M Shares 159,043 Share Price $279.61 * Est. Cost/Share $201.92 Unrealized @ Report Date +24.1%

TXN TEXAS INSTRUMENTS INC 1.2%

Value $40.63M Shares 218,431 Share Price $186.01 * Est. Cost/Share $152.06 Unrealized @ Report Date +6.1%

FAST FASTENAL CO 1.2%

Value $40.21M Shares 745,482 Share Price $53.94 * Est. Cost/Share $22.03 Unrealized @ Report Date +8.5%

INTU INTUIT INC 1.0%

Value $32.58M Shares 73,071 Share Price $445.83 * Est. Cost/Share $246.50 Unrealized @ Report Date +63.6%

META META PLATFORMS INC 0.9%

Value $31.79M Shares 149,983 Share Price $211.94 * Est. Cost/Share $231.52 Unrealized @ Report Date -27.0%

HSY HERSHEY CO/THE 0.9%

Value $31.04M Shares 122,006 Share Price $254.41 * Est. Cost/Share $145.68 Unrealized @ Report Date +49.1%

FISV FISERV INC 0.9%

Value $29.22M Shares 258,505 Share Price $113.03 * Est. Cost/Share $87.53 Unrealized @ Report Date +25.7%

ACN ACCENTURE PLC-CL A 0.9%

Value $28.76M Shares 100,636 Share Price $285.81 * Est. Cost/Share $225.35 Unrealized @ Report Date +16.0%

ALC ALCON AG 0.8%

Value $27.53M Shares 389,413 Share Price $70.69 Est. Cost/Share $61.74 Unrealized @ Report Date +14.1%

BKNG BOOKING HOLDINGS INC 0.7%

Value $23.74M Shares 8,949 Share Price $2652.41 * Est. Cost/Share $1922.21 Unrealized @ Report Date +24.6%

KO COCA-COLA CO 0.7%

Value $23.65M Shares 381,277 Share Price $62.03 * Est. Cost/Share $45.79 Unrealized @ Report Date +21.0%

PYPL PAYPAL HOLDINGS INC 0.7%

Value $21.98M Shares 289,476 Share Price $75.94 Est. Cost/Share $87.11 Unrealized @ Report Date -11.8%

ADBE ADOBE INC 0.6%

Value $20.76M Shares 53,880 Share Price $385.37 * Est. Cost/Share $438.58 Unrealized @ Report Date -19.0%

CLX CLOROX COMPANY 0.6%

Value $19.81M Shares 125,197 Share Price $158.24 * Est. Cost/Share $142.91 Unrealized @ Report Date -4.7%

SPGI S&P GLOBAL INC 0.5%

Value $15.72M Shares 45,593 Share Price $344.77 Est. Cost/Share $307.36 Unrealized @ Report Date +11.8%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.4%

Value $11.73M Shares 98,343 Share Price $119.30 * Est. Cost/Share $165.21 Unrealized @ Report Date -32.5%

CL COLGATE-PALMOLIVE CO 0.0%

Value $1.055M Shares 14,041 Share Price $75.15 * Est. Cost/Share $64.37 Unrealized @ Report Date +8.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA INC-CLASS A SHARES	1,976,516	$446M	13.3%	$225.46 *	$207.54	+5.0%	COM CL A	92826C839
MSFT	MICROSOFT CORP	1,193,436	$344M	10.3%	$288.30 *	$81.75	+205.1%	COM	594918104
PG	PROCTER & GAMBLE	1,966,158	$292M	8.7%	$148.69 *	$79.46	+67.6%	COM	742718109
GOOGL	ALPHABET INC-CL A	2,419,777	$251M	7.5%	$103.73 *	$105.96	-10.1%	CAP STK CL A	02079K305
BDX	BECTON DICKINSON AND CO	885,039	$219M	6.5%	$247.54 *	$218.62	+6.2%	COM	075887109
AXP	AMERICAN EXPRESS CO	1,038,305	$171M	5.1%	$164.95 *	$86.66	+84.6%	COM	025816109
PAYX	PAYCHEX INC	1,445,935	$166M	4.9%	$114.59 *	$69.02	+51.1%	COM	704326107
FNV	FRANCO-NEVADA CORP (US)	1,116,933	$163M	4.9%	$145.80 *	$97.28	+39.5%	COM	351858105
CME	CME GROUP INC	791,669	$152M	4.5%	$191.52 *	$162.45	-0.3%	COM	12572Q105
A	AGILENT TECHNOLOGIES INC	921,572	$127M	3.8%	$138.34 *	$79.50	+80.2%	COM	00846U101
MDT	MEDTRONIC INC	1,449,867	$117M	3.5%	$80.62 *	$73.46	+1.4%	SHS	G5960L103
PEP	PEPSICO INC	491,184	$89.54M	2.7%	$182.30 *	$127.35	+24.6%	COM	713448108
MCO	MOODY'S CORP MCO US	240,838	$73.7M	2.2%	$306.02 *	$298.48	-1.2%	COM	615369105
ADP	AUTOMATIC DATA PROCESSING	311,439	$69.34M	2.1%	$222.63 *	$157.09	+34.6%	COM	053015103
PM	PHILIP MORRIS INT	698,909	$67.97M	2.0%	$97.25 *	$71.14	+22.2%	COM	718172109
JNJ	JOHNSON & JOHNSON	375,742	$58.24M	1.7%	$155.00 *	$132.96	+11.2%	COM	478160104
CSCO	CISCO SYSTEMS INC	994,532	$51.99M	1.6%	$52.27 *	$37.86	+18.5%	COM	17275R102
MA	MASTERCARD INC - A	123,258	$44.79M	1.3%	$363.41	$320.43	+11.6%	CL A	57636Q104
MCD	MCDONALD'S CORP	159,043	$44.47M	1.3%	$279.61 *	$201.92	+24.1%	COM	580135101
TXN	TEXAS INSTRUMENTS INC	218,431	$40.63M	1.2%	$186.01 *	$152.06	+6.1%	COM	882508104
FAST	FASTENAL CO	745,482	$40.21M	1.2%	$53.94 *	$22.03	+8.5%	COM	311900104
INTU	INTUIT INC	73,071	$32.58M	1.0%	$445.83 *	$246.50	+63.6%	COM	461202103
META	META PLATFORMS INC	149,983	$31.79M	0.9%	$211.94 *	$231.52	-27.0%	CL A	30303M102
HSY	HERSHEY CO/THE	122,006	$31.04M	0.9%	$254.41 *	$145.68	+49.1%	COM	427866108
FISV	FISERV INC	258,505	$29.22M	0.9%	$113.03 *	$87.53	+25.7%	COM	337738108
ACN	ACCENTURE PLC-CL A	100,636	$28.76M	0.9%	$285.81 *	$225.35	+16.0%	SHS CLASS A	G1151C101
ALC	ALCON AG	389,413	$27.53M	0.8%	$70.69	$61.74	+14.1%	ORD SHS	H01301128
BKNG	BOOKING HOLDINGS INC	8,949	$23.74M	0.7%	$2652.41 *	$1922.21	+24.6%	COM	09857L108
KO	COCA-COLA CO	381,277	$23.65M	0.7%	$62.03 *	$45.79	+21.0%	COM	191216100
PYPL	PAYPAL HOLDINGS INC	289,476	$21.98M	0.7%	$75.94	$87.11	-11.8%	COM	70450Y103
ADBE	ADOBE INC	53,880	$20.76M	0.6%	$385.37 *	$438.58	-19.0%	COM	00724F101
CLX	CLOROX COMPANY	125,197	$19.81M	0.6%	$158.24 *	$142.91	-4.7%	COM	189054109
SPGI	S&P GLOBAL INC	45,593	$15.72M	0.5%	$344.77	$307.36	+11.8%	COM	78409V104
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	98,343	$11.73M	0.4%	$119.30 *	$165.21	-32.5%	COM	874054109
CL	COLGATE-PALMOLIVE CO	14,041	$1.055M	0.0%	$75.15 *	$64.37	+8.1%	COM	194162103