Troy Asset Management Ltd Long-Term Concentrated

Name: Troy Asset Management Ltd Q2 2026 13F Filing | 13F Explorer
Creator: Troy Asset Management Ltd
Published: 2026-07-31

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 31, 2026

Total Value: $3.586B (100.0% shares, 0.0% debt)

Holdings (29)

New Positions (3)

MKL MARKEL GROUP INC 3.4%

Value $120M Shares 61,509 Share Price $1953.01 Est. Cost/Share $1953.01 Unrealized @ Report Date —

CP CANADIAN PACIFIC KANSAS CITY 0.4%

Value $15.89M Shares 183,413 Share Price $86.65 Est. Cost/Share $86.65 Unrealized @ Report Date —

AZN ASTRAZENECA 0.2%

Value $7.384M Shares 52,367 Share Price $141.00 Est. Cost/Share $141.00 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MKL	MARKEL GROUP INC	61,509	$120M	3.4%	$1953.01	$1953.01	—	COM	570535104
CP	CANADIAN PACIFIC KANSAS CITY	183,413	$15.89M	0.4%	$86.65	$86.65	—	COM	13646K108
AZN	ASTRAZENECA	52,367	$7.384M	0.2%	$141.00	$141.00	—	COM	G0593M107

Increased Positions (10)

A AGILENT TECHNOLOGIES INC 9.9%

Value $356M (+29.3%) Shares 2,676,647 (+10.9%) Share Price $132.83 Est. Cost/Share $115.99 Unrealized @ Report Date —

ALC ALCON INC 5.8%

Value $208M (+17.2%) Shares 3,801,548 (+27.2%) Share Price $54.60 Est. Cost/Share $77.28 Unrealized @ Report Date —

BKNG BOOKING HOLDINGS INC 1.1%

Value $41.22M (+28.5%) Shares 231,246 (+2934.3%) Share Price $178.24 Est. Cost/Share $255.39 Unrealized @ Report Date —

MA MASTERCARD INC - A 2.0%

Value $71.25M (+11.0%) Shares 138,720 (+8.0%) Share Price $513.60 Est. Cost/Share $364.88 Unrealized @ Report Date —

META META PLATFORMS INC 1.3%

Value $47.89M (+16.5%) Shares 85,011 (+18.3%) Share Price $563.29 Est. Cost/Share $295.20 Unrealized @ Report Date —

AMZN AMAZON.COM INC AMZN US 0.9%

Value $32.15M (+26.3%) Shares 134,889 (+10.3%) Share Price $238.34 Est. Cost/Share $229.61 Unrealized @ Report Date —

CME CME GROUP INC 1.7%

Value $61.54M (-8.9%) Shares 278,677 (+21.9%) Share Price $220.83 Est. Cost/Share $172.93 Unrealized @ Report Date —

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.5%

Value $17.95M (+39.7%) Shares 71,786 (+10.3%) Share Price $249.98 Est. Cost/Share $172.23 Unrealized @ Report Date —

MCO MOODY'S CORP 0.4%

Value $14.25M (+14.5%) Shares 31,468 (+10.3%) Share Price $452.92 Est. Cost/Share $312.94 Unrealized @ Report Date —

SPGI S&P GLOBAL INC 0.5%

Value $18.49M (+5.6%) Shares 45,404 (+10.3%) Share Price $407.26 Est. Cost/Share $351.84 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
A	AGILENT TECHNOLOGIES INC	2,676,647 (+10.9%)	$356M (+29.3%)	9.9%	$132.83	$115.99	—	COM	00846U101
ALC	ALCON INC	3,801,548 (+27.2%)	$208M (+17.2%)	5.8%	$54.60	$77.28	—	ORD SHS	H01301128
BKNG	BOOKING HOLDINGS INC	231,246 (+2934.3%)	$41.22M (+28.5%)	1.1%	$178.24	$255.39	—	COM	09857L108
MA	MASTERCARD INC - A	138,720 (+8.0%)	$71.25M (+11.0%)	2.0%	$513.60	$364.88	—	CL A	57636Q104
META	META PLATFORMS INC	85,011 (+18.3%)	$47.89M (+16.5%)	1.3%	$563.29	$295.20	—	CL A	30303M102
AMZN	AMAZON.COM INC AMZN US	134,889 (+10.3%)	$32.15M (+26.3%)	0.9%	$238.34	$229.61	—	COM	023135106
CME	CME GROUP INC	278,677 (+21.9%)	$61.54M (-8.9%)	1.7%	$220.83	$172.93	—	COM	12572Q105
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	71,786 (+10.3%)	$17.95M (+39.7%)	0.5%	$249.98	$172.23	—	COM	874054109
MCO	MOODY'S CORP	31,468 (+10.3%)	$14.25M (+14.5%)	0.4%	$452.92	$312.94	—	COM	615369105
SPGI	S&P GLOBAL INC	45,404 (+10.3%)	$18.49M (+5.6%)	0.5%	$407.26	$351.84	—	COM	78409V104

Exited Positions (4)

ACN ACCENTURE PLC-CL A 0.8%

Value $27.48M Shares 138,585 Share Price $198.29 Est. Cost/Share $245.92 Unrealized @ Report Date —

MCD MCDONALD'S CORP 0.6%

Value $22.34M Shares 71,876 Share Price $310.79 Est. Cost/Share $208.21 Unrealized @ Report Date —

ADP AUTOMATIC DATA PROCESSING 0.6%

Value $21.88M Shares 107,694 Share Price $203.18 Est. Cost/Share $160.49 Unrealized @ Report Date —

TSM TAIWAN SEMICONDUCTOR-SP ADR 0.0%

Value $56,776 Shares 168 Share Price $337.95 Est. Cost/Share $226.49 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ACN	ACCENTURE PLC-CL A	138,585	$27.48M	0.8%	$198.29	$245.92	—	—	G1151C101
MCD	MCDONALD'S CORP	71,876	$22.34M	0.6%	$310.79	$208.21	—	—	580135101
ADP	AUTOMATIC DATA PROCESSING	107,694	$21.88M	0.6%	$203.18	$160.49	—	—	053015103
TSM	TAIWAN SEMICONDUCTOR-SP ADR	168	$56,776	0.0%	$337.95	$226.49	—	—	874039100

Decreased Positions (14)

HUBB HUBBELL INC 6.4%

Value $229M (-15.7%) Shares 438,244 (-20.9%) Share Price $523.20 Est. Cost/Share $404.78 Unrealized @ Report Date —

CNI CANADIAN NATL RAILWAY CO 9.0%

Value $322M (+13.2%) Shares 2,564,246 (-2.5%) Share Price $125.67 Est. Cost/Share $98.75 Unrealized @ Report Date —

GOOGL ALPHABET INC-CL A 12.8%

Value $458M (+7.7%) Shares 1,282,411 (-13.3%) Share Price $357.37 Est. Cost/Share $132.66 Unrealized @ Report Date —

ADBE ADOBE INC 2.7%

Value $97.12M (-23.9%) Shares 473,694 (-9.7%) Share Price $205.02 Est. Cost/Share $434.20 Unrealized @ Report Date —

VRSN VERISIGN INC 4.7%

Value $169M (-13.3%) Shares 670,837 (-14.4%) Share Price $251.56 Est. Cost/Share $235.45 Unrealized @ Report Date —

INTU INTUIT INC 0.4%

Value $15.19M (-51.0%) Shares 58,195 (-18.7%) Share Price $261.00 Est. Cost/Share $383.96 Unrealized @ Report Date —

TXN TEXAS INSTRUMENTS INC 1.3%

Value $45.85M (+42.2%) Shares 153,815 (-7.4%) Share Price $298.07 Est. Cost/Share $160.77 Unrealized @ Report Date —

PAYX PAYCHEX INC 0.7%

Value $24.68M (-26.8%) Shares 250,985 (-31.4%) Share Price $98.33 Est. Cost/Share $69.02 Unrealized @ Report Date —

MSFT MICROSOFT CORP 6.9%

Value $246M (-3.2%) Shares 659,861 (-4.0%) Share Price $373.02 Est. Cost/Share $81.75 Unrealized @ Report Date —

NKE NIKE INC -CL B 0.5%

Value $18.98M (-27.9%) Shares 462,264 (-7.3%) Share Price $41.05 Est. Cost/Share $71.06 Unrealized @ Report Date —

PEP PEPSICO INC 0.7%

Value $24.66M (-19.2%) Shares 182,153 (-7.4%) Share Price $135.40 Est. Cost/Share $129.65 Unrealized @ Report Date —

SYY SYSCO CORP 0.9%

Value $31.46M (+8.6%) Shares 376,447 (-7.3%) Share Price $83.58 Est. Cost/Share $72.16 Unrealized @ Report Date —

PM PHILIP MORRIS INT 0.6%

Value $22.35M (+3.6%) Shares 123,550 (-5.3%) Share Price $180.91 Est. Cost/Share $71.32 Unrealized @ Report Date —

KVUE KENVUE INC 0.4%

Value $14.32M (+2.6%) Shares 749,323 (-7.4%) Share Price $19.11 Est. Cost/Share $19.50 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HUBB	HUBBELL INC	438,244 (-20.9%)	$229M (-15.7%)	6.4%	$523.20	$404.78	—	COM	443510607
CNI	CANADIAN NATL RAILWAY CO	2,564,246 (-2.5%)	$322M (+13.2%)	9.0%	$125.67	$98.75	—	COM	136375102
GOOGL	ALPHABET INC-CL A	1,282,411 (-13.3%)	$458M (+7.7%)	12.8%	$357.37	$132.66	—	CAP STK CL A	02079K305
ADBE	ADOBE INC	473,694 (-9.7%)	$97.12M (-23.9%)	2.7%	$205.02	$434.20	—	COM	00724F101
VRSN	VERISIGN INC	670,837 (-14.4%)	$169M (-13.3%)	4.7%	$251.56	$235.45	—	COM	92343E102
INTU	INTUIT INC	58,195 (-18.7%)	$15.19M (-51.0%)	0.4%	$261.00	$383.96	—	COM	461202103
TXN	TEXAS INSTRUMENTS INC	153,815 (-7.4%)	$45.85M (+42.2%)	1.3%	$298.07	$160.77	—	COM	882508104
PAYX	PAYCHEX INC	250,985 (-31.4%)	$24.68M (-26.8%)	0.7%	$98.33	$69.02	—	COM	704326107
MSFT	MICROSOFT CORP	659,861 (-4.0%)	$246M (-3.2%)	6.9%	$373.02	$81.75	—	COM	594918104
NKE	NIKE INC -CL B	462,264 (-7.3%)	$18.98M (-27.9%)	0.5%	$41.05	$71.06	—	CL B	654106103
PEP	PEPSICO INC	182,153 (-7.4%)	$24.66M (-19.2%)	0.7%	$135.40	$129.65	—	COM	713448108
SYY	SYSCO CORP	376,447 (-7.3%)	$31.46M (+8.6%)	0.9%	$83.58	$72.16	—	COM	871829107
PM	PHILIP MORRIS INT	123,550 (-5.3%)	$22.35M (+3.6%)	0.6%	$180.91	$71.32	—	COM	718172109
KVUE	KENVUE INC	749,323 (-7.4%)	$14.32M (+2.6%)	0.4%	$19.11	$19.50	—	COM	49177J102

Unchanged Positions (2)

V VISA INC-CLASS A SHARES 15.6%

Value $560M Shares 1,632,408 Share Price $343.09 Est. Cost/Share $266.28 Unrealized @ Report Date —

CB CHUBB LTD 8.2%

Value $295M Shares 866,176 Share Price $340.74 Est. Cost/Share $268.78 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA INC-CLASS A SHARES	1,632,408	$560M	15.6%	$343.09	$266.28	—	COM CL A	92826C839
CB	CHUBB LTD	866,176	$295M	8.2%	$340.74	$268.78	—	COM	H1467J104