Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Nov 7, 2025

Total Value: $3.157B (100.0% shares, 0.0% debt)

Holdings (34)

V VISA INC-CLASS A SHARES 13.0%

Value $410M Shares 1,574,460 Share Price $260.35 * Est. Cost/Share $207.54 Unrealized @ Report Date +16.9%

MSFT MICROSOFT CORP 11.5%

Value $362M Shares 962,014 Share Price $376.04 * Est. Cost/Share $81.75 Unrealized @ Report Date +328.6%

GOOGL ALPHABET INC-CL A 8.7%

Value $276M Shares 1,972,648 Share Price $139.69 * Est. Cost/Share $105.96 Unrealized @ Report Date +25.8%

PG PROCTER & GAMBLE 8.1%

Value $257M Shares 1,752,954 Share Price $146.54 * Est. Cost/Share $79.46 Unrealized @ Report Date +77.0%

BDX BECTON DICKINSON AND CO 6.8%

Value $214M Shares 877,170 Share Price $243.83 * Est. Cost/Share $218.62 Unrealized @ Report Date +8.2%

AXP AMERICAN EXPRESS CO 5.2%

Value $163M Shares 872,229 Share Price $187.34 * Est. Cost/Share $86.66 Unrealized @ Report Date +81.2%

PAYX PAYCHEX INC 4.7%

Value $148M Shares 1,244,562 Share Price $119.11 * Est. Cost/Share $69.02 Unrealized @ Report Date +60.9%

A AGILENT TECHNOLOGIES INC 4.6%

Value $145M Shares 1,039,466 Share Price $139.03 * Est. Cost/Share $84.45 Unrealized @ Report Date +38.8%

CME CME GROUP INC 4.6%

Value $144M Shares 683,731 Share Price $210.60 * Est. Cost/Share $162.45 Unrealized @ Report Date +19.8%

MDT MEDTRONIC INC 3.4%

Value $109M Shares 1,319,186 Share Price $82.38 * Est. Cost/Share $73.55 Unrealized @ Report Date -2.9%

PEP PEPSICO INC 2.6%

Value $80.92M Shares 476,451 Share Price $169.84 * Est. Cost/Share $129.65 Unrealized @ Report Date +18.6%

MCO MOODY'S CORP MCO US 2.3%

Value $73.5M Shares 188,191 Share Price $390.56 * Est. Cost/Share $298.48 Unrealized @ Report Date +14.5%

ADP AUTOMATIC DATA PROCESSING 2.3%

Value $72.03M Shares 309,176 Share Price $232.97 * Est. Cost/Share $159.31 Unrealized @ Report Date +39.4%

PM PHILIP MORRIS INT 1.9%

Value $60.47M Shares 642,800 Share Price $94.08 * Est. Cost/Share $71.32 Unrealized @ Report Date +17.4%

MA MASTERCARD INC - A 1.6%

Value $51.54M Shares 120,833 Share Price $426.51 * Est. Cost/Share $321.36 Unrealized @ Report Date +23.6%

CSCO CISCO SYSTEMS INC 1.5%

Value $47.71M Shares 944,406 Share Price $50.52 * Est. Cost/Share $38.15 Unrealized @ Report Date +25.8%

MCD MCDONALD'S CORP 1.5%

Value $47.52M Shares 160,280 Share Price $296.51 * Est. Cost/Share $205.27 Unrealized @ Report Date +26.0%

FAST FASTENAL CO 1.5%

Value $47.05M Shares 726,419 Share Price $64.77 * Est. Cost/Share $22.20 Unrealized @ Report Date +29.2%

JNJ JOHNSON & JOHNSON 1.4%

Value $44.44M Shares 283,503 Share Price $156.74 * Est. Cost/Share $133.71 Unrealized @ Report Date +7.4%

META META PLATFORMS INC 1.4%

Value $42.74M Shares 120,747 Share Price $353.96 * Est. Cost/Share $231.52 Unrealized @ Report Date +39.7%

TXN TEXAS INSTRUMENTS INC 1.2%

Value $37.72M Shares 221,302 Share Price $170.46 * Est. Cost/Share $152.39 Unrealized @ Report Date -4.5%

KVUE KENVUE INC 1.2%

Value $37.33M Shares 1,734,002 Share Price $21.53 * Est. Cost/Share $19.51 Unrealized @ Report Date -5.7%

FISV FISERV INC 1.1%

Value $35.48M Shares 267,071 Share Price $132.84 * Est. Cost/Share $89.02 Unrealized @ Report Date +37.8%

ACN ACCENTURE PLC-CL A 1.1%

Value $35.47M Shares 101,082 Share Price $350.91 * Est. Cost/Share $227.89 Unrealized @ Report Date +37.2%

ALC ALCON AG 1.0%

Value $30.38M Shares 389,383 Share Price $78.01 * Est. Cost/Share $73.37 Unrealized @ Report Date 0.0%

BKNG BOOKING HOLDINGS INC 0.8%

Value $26.67M Shares 7,518 Share Price $3547.22 * Est. Cost/Share $1922.21 Unrealized @ Report Date +59.6%

INTU INTUIT INC 0.8%

Value $25.58M Shares 40,934 Share Price $625.03 * Est. Cost/Share $246.50 Unrealized @ Report Date +121.0%

HSY HERSHEY CO/THE 0.7%

Value $22.84M Shares 122,519 Share Price $186.44 * Est. Cost/Share $150.26 Unrealized @ Report Date +18.2%

PYPL PAYPAL HOLDINGS INC 0.6%

Value $20.33M Shares 331,055 Share Price $61.41 * Est. Cost/Share $84.71 Unrealized @ Report Date -32.5%

CNI CANADIAN NATL RAILWAY CO 0.6%

Value $19.79M Shares 157,386 Share Price $125.76 * Est. Cost/Share $108.49 Unrealized @ Report Date 0.0%

ADBE ADOBE INC 0.6%

Value $19.19M Shares 32,160 Share Price $596.60 * Est. Cost/Share $432.99 Unrealized @ Report Date +33.2%

CLX CLOROX COMPANY 0.6%

Value $17.77M Shares 124,645 Share Price $142.59 * Est. Cost/Share $143.12 Unrealized @ Report Date -13.3%

SPGI S&P GLOBAL INC 0.6%

Value $17.68M Shares 40,132 Share Price $440.52 * Est. Cost/Share $307.36 Unrealized @ Report Date +26.3%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.5%

Value $15.83M Shares 98,343 Share Price $160.95 * Est. Cost/Share $165.21 Unrealized @ Report Date -9.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA INC-CLASS A SHARES	1,574,460	$410M	13.0%	$260.35 *	$207.54	+16.9%	COM CL A	92826C839
MSFT	MICROSOFT CORP	962,014	$362M	11.5%	$376.04 *	$81.75	+328.6%	COM	594918104
GOOGL	ALPHABET INC-CL A	1,972,648	$276M	8.7%	$139.69 *	$105.96	+25.8%	CAP STK CL A	02079K305
PG	PROCTER & GAMBLE	1,752,954	$257M	8.1%	$146.54 *	$79.46	+77.0%	COM	742718109
BDX	BECTON DICKINSON AND CO	877,170	$214M	6.8%	$243.83 *	$218.62	+8.2%	COM	075887109
AXP	AMERICAN EXPRESS CO	872,229	$163M	5.2%	$187.34 *	$86.66	+81.2%	COM	025816109
PAYX	PAYCHEX INC	1,244,562	$148M	4.7%	$119.11 *	$69.02	+60.9%	COM	704326107
A	AGILENT TECHNOLOGIES INC	1,039,466	$145M	4.6%	$139.03 *	$84.45	+38.8%	COM	00846U101
CME	CME GROUP INC	683,731	$144M	4.6%	$210.60 *	$162.45	+19.8%	COM	12572Q105
MDT	MEDTRONIC INC	1,319,186	$109M	3.4%	$82.38 *	$73.55	-2.9%	SHS	G5960L103
PEP	PEPSICO INC	476,451	$80.92M	2.6%	$169.84 *	$129.65	+18.6%	COM	713448108
MCO	MOODY'S CORP MCO US	188,191	$73.5M	2.3%	$390.56 *	$298.48	+14.5%	COM	615369105
ADP	AUTOMATIC DATA PROCESSING	309,176	$72.03M	2.3%	$232.97 *	$159.31	+39.4%	COM	053015103
PM	PHILIP MORRIS INT	642,800	$60.47M	1.9%	$94.08 *	$71.32	+17.4%	COM	718172109
MA	MASTERCARD INC - A	120,833	$51.54M	1.6%	$426.51 *	$321.36	+23.6%	CL A	57636Q104
CSCO	CISCO SYSTEMS INC	944,406	$47.71M	1.5%	$50.52 *	$38.15	+25.8%	COM	17275R102
MCD	MCDONALD'S CORP	160,280	$47.52M	1.5%	$296.51 *	$205.27	+26.0%	COM	580135101
FAST	FASTENAL CO	726,419	$47.05M	1.5%	$64.77 *	$22.20	+29.2%	COM	311900104
JNJ	JOHNSON & JOHNSON	283,503	$44.44M	1.4%	$156.74 *	$133.71	+7.4%	COM	478160104
META	META PLATFORMS INC	120,747	$42.74M	1.4%	$353.96 *	$231.52	+39.7%	COM	30303M102
TXN	TEXAS INSTRUMENTS INC	221,302	$37.72M	1.2%	$170.46 *	$152.39	-4.5%	COM	882508104
KVUE	KENVUE INC	1,734,002	$37.33M	1.2%	$21.53 *	$19.51	-5.7%	COM	49177J102
FISV	FISERV INC	267,071	$35.48M	1.1%	$132.84 *	$89.02	+37.8%	COM	337738108
ACN	ACCENTURE PLC-CL A	101,082	$35.47M	1.1%	$350.91 *	$227.89	+37.2%	SHS CLASS A	G1151C101
ALC	ALCON AG	389,383	$30.38M	1.0%	$78.01 *	$73.37	0.0%	ORD SHS	H01301128
BKNG	BOOKING HOLDINGS INC	7,518	$26.67M	0.8%	$3547.22 *	$1922.21	+59.6%	COM	09857L108
INTU	INTUIT INC	40,934	$25.58M	0.8%	$625.03 *	$246.50	+121.0%	COM	461202103
HSY	HERSHEY CO/THE	122,519	$22.84M	0.7%	$186.44 *	$150.26	+18.2%	COM	427866108
PYPL	PAYPAL HOLDINGS INC	331,055	$20.33M	0.6%	$61.41 *	$84.71	-32.5%	COM	70450Y103
CNI	CANADIAN NATL RAILWAY CO	157,386	$19.79M	0.6%	$125.76 *	$108.49	0.0%	COM	136375102
ADBE	ADOBE INC	32,160	$19.19M	0.6%	$596.60 *	$432.99	+33.2%	COM	00724F101
CLX	CLOROX COMPANY	124,645	$17.77M	0.6%	$142.59 *	$143.12	-13.3%	COM	189054109
SPGI	S&P GLOBAL INC	40,132	$17.68M	0.6%	$440.52 *	$307.36	+26.3%	COM	78409V104
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	98,343	$15.83M	0.5%	$160.95 *	$165.21	-9.7%	COM	874054109