Troy Asset Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: Nov 7, 2025

Total Value: $3.306B (100.0% shares, 0.0% debt)

Holdings (33)

V VISA INC-CLASS A SHARES 13.4%

Value $443M Shares 1,585,825 Share Price $279.08 * Est. Cost/Share $207.54 Unrealized @ Report Date +31.2%

MSFT MICROSOFT CORP 12.0%

Value $397M Shares 943,783 Share Price $420.72 * Est. Cost/Share $81.75 Unrealized @ Report Date +388.4%

GOOGL ALPHABET INC-CL A 9.2%

Value $305M Shares 2,022,957 Share Price $150.93 * Est. Cost/Share $106.86 Unrealized @ Report Date +32.9%

PG PROCTER & GAMBLE 7.5%

Value $248M Shares 1,528,205 Share Price $162.25 * Est. Cost/Share $79.46 Unrealized @ Report Date +88.6%

BDX BECTON DICKINSON AND CO 6.5%

Value $217M Shares 874,942 Share Price $247.45 * Est. Cost/Share $218.62 Unrealized @ Report Date +5.5%

AXP AMERICAN EXPRESS CO 5.8%

Value $192M Shares 844,856 Share Price $227.69 * Est. Cost/Share $86.66 Unrealized @ Report Date +134.1%

A AGILENT TECHNOLOGIES INC 4.6%

Value $152M Shares 1,045,899 Share Price $145.51 * Est. Cost/Share $84.45 Unrealized @ Report Date +60.1%

PAYX PAYCHEX INC 4.4%

Value $145M Shares 1,181,294 Share Price $122.80 * Est. Cost/Share $69.02 Unrealized @ Report Date +66.1%

CME CME GROUP INC 4.2%

Value $139M Shares 644,186 Share Price $215.29 * Est. Cost/Share $162.45 Unrealized @ Report Date +21.4%

MDT MEDTRONIC INC 3.3%

Value $111M Shares 1,268,592 Share Price $87.15 * Est. Cost/Share $73.55 Unrealized @ Report Date +9.7%

PEP PEPSICO INC 2.5%

Value $84.02M Shares 480,096 Share Price $175.01 * Est. Cost/Share $129.65 Unrealized @ Report Date +21.3%

ADP AUTOMATIC DATA PROCESSING 2.4%

Value $78.45M Shares 314,126 Share Price $249.74 * Est. Cost/Share $160.49 Unrealized @ Report Date +46.0%

MCO MOODY'S CORP MCO US 2.2%

Value $73.6M Shares 187,261 Share Price $393.03 * Est. Cost/Share $298.48 Unrealized @ Report Date +27.3%

MA MASTERCARD INC - A 1.8%

Value $59.43M Shares 123,403 Share Price $481.57 * Est. Cost/Share $324.09 Unrealized @ Report Date +39.7%

PM PHILIP MORRIS INT 1.8%

Value $59.13M Shares 645,418 Share Price $91.62 * Est. Cost/Share $71.32 Unrealized @ Report Date +19.1%

CSCO CISCO SYSTEMS INC 1.5%

Value $48.61M Shares 974,021 Share Price $49.91 * Est. Cost/Share $38.42 Unrealized @ Report Date +22.9%

MCD MCDONALD'S CORP 1.4%

Value $47.1M Shares 167,041 Share Price $281.95 Est. Cost/Share $208.21 Unrealized @ Report Date +33.5%

META META PLATFORMS INC 1.4%

Value $47.08M Shares 96,964 Share Price $485.58 * Est. Cost/Share $231.52 Unrealized @ Report Date +91.4%

FISV FISERV INC 1.3%

Value $42.55M Shares 266,257 Share Price $159.82 * Est. Cost/Share $89.02 Unrealized @ Report Date +63.6%

TXN TEXAS INSTRUMENTS INC 1.2%

Value $39.36M Shares 225,955 Share Price $174.21 * Est. Cost/Share $152.50 Unrealized @ Report Date +3.5%

CNI CANADIAN NATL RAILWAY CO 1.2%

Value $39.13M Shares 297,023 Share Price $131.74 * Est. Cost/Share $115.33 Unrealized @ Report Date +6.7%

ALC ALCON AG 1.2%

Value $38.28M Shares 461,622 Share Price $82.92 * Est. Cost/Share $74.36 Unrealized @ Report Date +7.2%

FAST FASTENAL CO 1.2%

Value $38.24M Shares 495,772 Share Price $77.14 * Est. Cost/Share $22.20 Unrealized @ Report Date +53.1%

KVUE KENVUE INC 1.1%

Value $37.69M Shares 1,756,429 Share Price $21.46 * Est. Cost/Share $19.50 Unrealized @ Report Date -3.4%

JNJ JOHNSON & JOHNSON 1.1%

Value $36.62M Shares 231,488 Share Price $158.19 * Est. Cost/Share $133.71 Unrealized @ Report Date +12.4%

ACN ACCENTURE PLC-CL A 1.1%

Value $35.98M Shares 103,815 Share Price $346.61 * Est. Cost/Share $231.23 Unrealized @ Report Date +53.4%

BKNG BOOKING HOLDINGS INC 0.9%

Value $29.07M Shares 8,013 Share Price $3627.88 * Est. Cost/Share $2020.19 Unrealized @ Report Date +73.7%

INTU INTUIT INC 0.8%

Value $26.57M Shares 40,877 Share Price $650.00 * Est. Cost/Share $246.50 Unrealized @ Report Date +156.1%

HSY HERSHEY CO/THE 0.7%

Value $24.54M Shares 126,170 Share Price $194.50 * Est. Cost/Share $151.18 Unrealized @ Report Date +20.4%

PYPL PAYPAL HOLDINGS INC 0.7%

Value $24.25M Shares 361,964 Share Price $66.99 * Est. Cost/Share $82.71 Unrealized @ Report Date -26.0%

SPGI S&P GLOBAL INC 0.5%

Value $17.07M Shares 40,132 Share Price $425.45 Est. Cost/Share $307.36 Unrealized @ Report Date +39.0%

ADBE ADOBE INC 0.5%

Value $16.23M Shares 32,160 Share Price $504.60 * Est. Cost/Share $432.99 Unrealized @ Report Date +32.4%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.4%

Value $14.6M Shares 98,343 Share Price $148.49 * Est. Cost/Share $165.21 Unrealized @ Report Date -6.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA INC-CLASS A SHARES	1,585,825	$443M	13.4%	$279.08 *	$207.54	+31.2%	COM CL A	92826C839
MSFT	MICROSOFT CORP	943,783	$397M	12.0%	$420.72 *	$81.75	+388.4%	COM	594918104
GOOGL	ALPHABET INC-CL A	2,022,957	$305M	9.2%	$150.93 *	$106.86	+32.9%	CAP STK CL A	02079K305
PG	PROCTER & GAMBLE	1,528,205	$248M	7.5%	$162.25 *	$79.46	+88.6%	COM	742718109
BDX	BECTON DICKINSON AND CO	874,942	$217M	6.5%	$247.45 *	$218.62	+5.5%	COM	075887109
AXP	AMERICAN EXPRESS CO	844,856	$192M	5.8%	$227.69 *	$86.66	+134.1%	COM	025816109
A	AGILENT TECHNOLOGIES INC	1,045,899	$152M	4.6%	$145.51 *	$84.45	+60.1%	COM	00846U101
PAYX	PAYCHEX INC	1,181,294	$145M	4.4%	$122.80 *	$69.02	+66.1%	COM	704326107
CME	CME GROUP INC	644,186	$139M	4.2%	$215.29 *	$162.45	+21.4%	COM	12572Q105
MDT	MEDTRONIC INC	1,268,592	$111M	3.3%	$87.15 *	$73.55	+9.7%	SHS	G5960L103
PEP	PEPSICO INC	480,096	$84.02M	2.5%	$175.01 *	$129.65	+21.3%	COM	713448108
ADP	AUTOMATIC DATA PROCESSING	314,126	$78.45M	2.4%	$249.74 *	$160.49	+46.0%	COM	053015103
MCO	MOODY'S CORP MCO US	187,261	$73.6M	2.2%	$393.03 *	$298.48	+27.3%	COM	615369105
MA	MASTERCARD INC - A	123,403	$59.43M	1.8%	$481.57 *	$324.09	+39.7%	CL A	57636Q104
PM	PHILIP MORRIS INT	645,418	$59.13M	1.8%	$91.62 *	$71.32	+19.1%	COM	718172109
CSCO	CISCO SYSTEMS INC	974,021	$48.61M	1.5%	$49.91 *	$38.42	+22.9%	COM	17275R102
MCD	MCDONALD'S CORP	167,041	$47.1M	1.4%	$281.95	$208.21	+33.5%	COM	580135101
META	META PLATFORMS INC	96,964	$47.08M	1.4%	$485.58 *	$231.52	+91.4%	COM	30303M102
FISV	FISERV INC	266,257	$42.55M	1.3%	$159.82 *	$89.02	+63.6%	COM	337738108
TXN	TEXAS INSTRUMENTS INC	225,955	$39.36M	1.2%	$174.21 *	$152.50	+3.5%	COM	882508104
CNI	CANADIAN NATL RAILWAY CO	297,023	$39.13M	1.2%	$131.74 *	$115.33	+6.7%	COM	136375102
ALC	ALCON AG	461,622	$38.28M	1.2%	$82.92 *	$74.36	+7.2%	ORD SHS	H01301128
FAST	FASTENAL CO	495,772	$38.24M	1.2%	$77.14 *	$22.20	+53.1%	COM	311900104
KVUE	KENVUE INC	1,756,429	$37.69M	1.1%	$21.46 *	$19.50	-3.4%	COM	49177J102
JNJ	JOHNSON & JOHNSON	231,488	$36.62M	1.1%	$158.19 *	$133.71	+12.4%	COM	478160104
ACN	ACCENTURE PLC-CL A	103,815	$35.98M	1.1%	$346.61 *	$231.23	+53.4%	SHS CLASS A	G1151C101
BKNG	BOOKING HOLDINGS INC	8,013	$29.07M	0.9%	$3627.88 *	$2020.19	+73.7%	COM	09857L108
INTU	INTUIT INC	40,877	$26.57M	0.8%	$650.00 *	$246.50	+156.1%	COM	461202103
HSY	HERSHEY CO/THE	126,170	$24.54M	0.7%	$194.50 *	$151.18	+20.4%	COM	427866108
PYPL	PAYPAL HOLDINGS INC	361,964	$24.25M	0.7%	$66.99 *	$82.71	-26.0%	COM	70450Y103
SPGI	S&P GLOBAL INC	40,132	$17.07M	0.5%	$425.45	$307.36	+39.0%	COM	78409V104
ADBE	ADOBE INC	32,160	$16.23M	0.5%	$504.60 *	$432.99	+32.4%	COM	00724F101
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	98,343	$14.6M	0.4%	$148.49 *	$165.21	-6.0%	COM	874054109