Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Sep 10, 2025

Total Value: $3.415B (100.0% shares, 0.0% debt)

Holdings (35)

V VISA INC-CLASS A SHARES 11.7%

Value $401M Shares 1,687,460 Share Price $237.48 * Est. Cost/Share $207.54 Unrealized @ Report Date +8.1%

MSFT MICROSOFT CORP 10.4%

Value $356M Shares 1,045,962 Share Price $340.54 * Est. Cost/Share $81.75 Unrealized @ Report Date +275.8%

PG PROCTER & GAMBLE 8.6%

Value $295M Shares 1,946,722 Share Price $151.74 * Est. Cost/Share $79.46 Unrealized @ Report Date +77.8%

GOOGL ALPHABET INC-CL A 7.4%

Value $253M Shares 2,114,346 Share Price $119.70 * Est. Cost/Share $105.96 Unrealized @ Report Date +7.8%

BDX BECTON DICKINSON AND CO 6.9%

Value $234M Shares 886,525 Share Price $264.01 * Est. Cost/Share $218.62 Unrealized @ Report Date +10.7%

AXP AMERICAN EXPRESS CO 5.3%

Value $182M Shares 1,045,919 Share Price $174.20 * Est. Cost/Share $86.66 Unrealized @ Report Date +80.2%

PAYX PAYCHEX INC 4.7%

Value $161M Shares 1,435,747 Share Price $111.87 * Est. Cost/Share $69.02 Unrealized @ Report Date +46.4%

FNV FRANCO-NEVADA CORP (US) 4.7%

Value $159M Shares 1,116,595 Share Price $142.60 * Est. Cost/Share $97.28 Unrealized @ Report Date +50.5%

CME CME GROUP INC 4.3%

Value $148M Shares 796,681 Share Price $185.29 * Est. Cost/Share $162.45 Unrealized @ Report Date +2.5%

MDT MEDTRONIC INC 3.8%

Value $130M Shares 1,473,240 Share Price $88.10 * Est. Cost/Share $73.55 Unrealized @ Report Date +7.9%

A AGILENT TECHNOLOGIES INC 3.6%

Value $122M Shares 1,010,470 Share Price $120.25 * Est. Cost/Share $83.51 Unrealized @ Report Date +49.8%

PEP PEPSICO INC 2.8%

Value $96.09M Shares 518,790 Share Price $185.22 * Est. Cost/Share $129.65 Unrealized @ Report Date +31.6%

MCO MOODY'S CORP MCO US 2.4%

Value $80.89M Shares 232,632 Share Price $347.72 * Est. Cost/Share $298.48 Unrealized @ Report Date +4.0%

ADP AUTOMATIC DATA PROCESSING 2.1%

Value $71.91M Shares 327,165 Share Price $219.79 * Est. Cost/Share $159.31 Unrealized @ Report Date +27.6%

PM PHILIP MORRIS INT 2.0%

Value $69.16M Shares 708,476 Share Price $97.62 * Est. Cost/Share $71.32 Unrealized @ Report Date +18.4%

JNJ JOHNSON & JOHNSON 1.9%

Value $65.25M Shares 394,231 Share Price $165.52 * Est. Cost/Share $133.71 Unrealized @ Report Date +11.4%

CSCO CISCO SYSTEMS INC 1.6%

Value $53.47M Shares 1,033,382 Share Price $51.74 * Est. Cost/Share $38.15 Unrealized @ Report Date +19.3%

MCD MCDONALD'S CORP 1.5%

Value $49.81M Shares 166,904 Share Price $298.41 * Est. Cost/Share $205.27 Unrealized @ Report Date +33.0%

MA MASTERCARD INC - A 1.4%

Value $48.2M Shares 122,562 Share Price $393.30 * Est. Cost/Share $320.43 Unrealized @ Report Date +15.4%

FAST FASTENAL CO 1.4%

Value $46.16M Shares 782,474 Share Price $58.99 * Est. Cost/Share $22.20 Unrealized @ Report Date +15.7%

TXN TEXAS INSTRUMENTS INC 1.2%

Value $41.25M Shares 229,121 Share Price $180.02 * Est. Cost/Share $152.39 Unrealized @ Report Date +4.4%

META META PLATFORMS INC 1.1%

Value $37.13M Shares 129,398 Share Price $286.98 * Est. Cost/Share $231.52 Unrealized @ Report Date +5.8%

INTU INTUIT INC 1.0%

Value $33.47M Shares 73,046 Share Price $458.19 * Est. Cost/Share $246.50 Unrealized @ Report Date +74.8%

FISV FISERV INC 1.0%

Value $32.61M Shares 258,505 Share Price $126.15 * Est. Cost/Share $87.53 Unrealized @ Report Date +34.5%

ACN ACCENTURE PLC-CL A 1.0%

Value $32.58M Shares 105,573 Share Price $308.58 * Est. Cost/Share $227.89 Unrealized @ Report Date +22.7%

HSY HERSHEY CO/THE 0.9%

Value $31.96M Shares 128,004 Share Price $249.70 * Est. Cost/Share $150.26 Unrealized @ Report Date +62.0%

ADBE ADOBE INC 0.9%

Value $31.23M Shares 63,870 Share Price $488.99 * Est. Cost/Share $432.99 Unrealized @ Report Date -7.0%

ALC ALCON AG 0.9%

Value $29.93M Shares 386,202 Share Price $77.50 * Est. Cost/Share $61.74 Unrealized @ Report Date +22.7%

KO COCA-COLA CO 0.7%

Value $24.09M Shares 399,992 Share Price $60.22 * Est. Cost/Share $46.33 Unrealized @ Report Date +23.8%

BKNG BOOKING HOLDINGS INC 0.7%

Value $23.9M Shares 8,850 Share Price $2700.33 * Est. Cost/Share $1922.21 Unrealized @ Report Date +35.2%

PYPL PAYPAL HOLDINGS INC 0.6%

Value $22.09M Shares 331,055 Share Price $66.73 Est. Cost/Share $84.71 Unrealized @ Report Date -19.7%

CLX CLOROX COMPANY 0.6%

Value $20.83M Shares 130,967 Share Price $159.04 * Est. Cost/Share $143.12 Unrealized @ Report Date +3.1%

SPGI S&P GLOBAL INC 0.5%

Value $17.45M Shares 43,534 Share Price $400.89 * Est. Cost/Share $307.36 Unrealized @ Report Date +16.4%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.4%

Value $14.47M Shares 98,343 Share Price $147.16 * Est. Cost/Share $165.21 Unrealized @ Report Date -20.9%

CL COLGATE-PALMOLIVE CO 0.0%

Value $1.069M Shares 13,875 Share Price $77.04 * Est. Cost/Share $64.37 Unrealized @ Report Date +13.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA INC-CLASS A SHARES	1,687,460	$401M	11.7%	$237.48 *	$207.54	+8.1%	COM CL A	92826C839
MSFT	MICROSOFT CORP	1,045,962	$356M	10.4%	$340.54 *	$81.75	+275.8%	COM	594918104
PG	PROCTER & GAMBLE	1,946,722	$295M	8.6%	$151.74 *	$79.46	+77.8%	COM	742718109
GOOGL	ALPHABET INC-CL A	2,114,346	$253M	7.4%	$119.70 *	$105.96	+7.8%	CAP STK CL A	02079K305
BDX	BECTON DICKINSON AND CO	886,525	$234M	6.9%	$264.01 *	$218.62	+10.7%	COM	075887109
AXP	AMERICAN EXPRESS CO	1,045,919	$182M	5.3%	$174.20 *	$86.66	+80.2%	COM	025816109
PAYX	PAYCHEX INC	1,435,747	$161M	4.7%	$111.87 *	$69.02	+46.4%	COM	704326107
FNV	FRANCO-NEVADA CORP (US)	1,116,595	$159M	4.7%	$142.60 *	$97.28	+50.5%	COM	351858105
CME	CME GROUP INC	796,681	$148M	4.3%	$185.29 *	$162.45	+2.5%	COM	12572Q105
MDT	MEDTRONIC INC	1,473,240	$130M	3.8%	$88.10 *	$73.55	+7.9%	SHS	G5960L103
A	AGILENT TECHNOLOGIES INC	1,010,470	$122M	3.6%	$120.25 *	$83.51	+49.8%	COM	00846U101
PEP	PEPSICO INC	518,790	$96.09M	2.8%	$185.22 *	$129.65	+31.6%	COM	713448108
MCO	MOODY'S CORP MCO US	232,632	$80.89M	2.4%	$347.72 *	$298.48	+4.0%	COM	615369105
ADP	AUTOMATIC DATA PROCESSING	327,165	$71.91M	2.1%	$219.79 *	$159.31	+27.6%	COM	053015103
PM	PHILIP MORRIS INT	708,476	$69.16M	2.0%	$97.62 *	$71.32	+18.4%	COM	718172109
JNJ	JOHNSON & JOHNSON	394,231	$65.25M	1.9%	$165.52 *	$133.71	+11.4%	COM	478160104
CSCO	CISCO SYSTEMS INC	1,033,382	$53.47M	1.6%	$51.74 *	$38.15	+19.3%	COM	17275R102
MCD	MCDONALD'S CORP	166,904	$49.81M	1.5%	$298.41 *	$205.27	+33.0%	COM	580135101
MA	MASTERCARD INC - A	122,562	$48.2M	1.4%	$393.30 *	$320.43	+15.4%	CL A	57636Q104
FAST	FASTENAL CO	782,474	$46.16M	1.4%	$58.99 *	$22.20	+15.7%	COM	311900104
TXN	TEXAS INSTRUMENTS INC	229,121	$41.25M	1.2%	$180.02 *	$152.39	+4.4%	COM	882508104
META	META PLATFORMS INC	129,398	$37.13M	1.1%	$286.98 *	$231.52	+5.8%	CL A	30303M102
INTU	INTUIT INC	73,046	$33.47M	1.0%	$458.19 *	$246.50	+74.8%	COM	461202103
FISV	FISERV INC	258,505	$32.61M	1.0%	$126.15 *	$87.53	+34.5%	COM	337738108
ACN	ACCENTURE PLC-CL A	105,573	$32.58M	1.0%	$308.58 *	$227.89	+22.7%	SHS CLASS A	G1151C101
HSY	HERSHEY CO/THE	128,004	$31.96M	0.9%	$249.70 *	$150.26	+62.0%	COM	427866108
ADBE	ADOBE INC	63,870	$31.23M	0.9%	$488.99 *	$432.99	-7.0%	COM	00724F101
ALC	ALCON AG	386,202	$29.93M	0.9%	$77.50 *	$61.74	+22.7%	ORD SHS	H01301128
KO	COCA-COLA CO	399,992	$24.09M	0.7%	$60.22 *	$46.33	+23.8%	COM	191216100
BKNG	BOOKING HOLDINGS INC	8,850	$23.9M	0.7%	$2700.33 *	$1922.21	+35.2%	COM	09857L108
PYPL	PAYPAL HOLDINGS INC	331,055	$22.09M	0.6%	$66.73	$84.71	-19.7%	COM	70450Y103
CLX	CLOROX COMPANY	130,967	$20.83M	0.6%	$159.04 *	$143.12	+3.1%	COM	189054109
SPGI	S&P GLOBAL INC	43,534	$17.45M	0.5%	$400.89 *	$307.36	+16.4%	COM	78409V104
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	98,343	$14.47M	0.4%	$147.16 *	$165.21	-20.9%	COM	874054109
CL	COLGATE-PALMOLIVE CO	13,875	$1.069M	0.0%	$77.04 *	$64.37	+13.3%	COM	194162103