Troy Asset Management Ltd Long-Term Concentrated

Name: Troy Asset Management Ltd Q3 2026 13F Filing | 13F Explorer
Creator: Troy Asset Management Ltd
Published: 2026-10-28

Location: London, United Kingdom

CIK: 0001601407 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 28, 2026

Total Value: $4.204B (100.0% shares, 0.0% debt)

Holdings (32)

New Positions (3)

AZO AUTOZONE INC 3.9%

Value $163M Shares 57,664 Share Price $2830.02 Est. Cost/Share $2987.94 Unrealized @ Report Date -5.3%

XYL XYLEM INC 2.6%

Value $110M Shares 1,085,210 Share Price $101.27 Est. Cost/Share $114.44 Unrealized @ Report Date -11.5%

SLB SLB LTD 0.5%

Value $22.6M Shares 463,914 Share Price $48.72 Est. Cost/Share $51.52 Unrealized @ Report Date -5.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AZO	AUTOZONE INC	57,664	$163M	3.9%	$2830.02	$2987.94	-5.3%	COM	053332102
XYL	XYLEM INC	1,085,210	$110M	2.6%	$101.27	$114.44	-11.5%	COM	98419M100
SLB	SLB LTD	463,914	$22.6M	0.5%	$48.72	$51.52	-5.4%	COM	806857108

Increased Positions (16)

MSFT MICROSOFT CORP 8.2%

Value $346M (+40.7%) Shares 675,336 (+2.3%) Share Price $512.90 Est. Cost/Share $90.47 Unrealized @ Report Date +466.9%

MKL MARKEL GROUP INC 5.1%

Value $213M (+77.4%) Shares 124,421 (+102.3%) Share Price $1712.45 Est. Cost/Share $1862.51 Unrealized @ Report Date -8.1%

HUBB HUBBELL INC 7.5%

Value $316M (+37.9%) Shares 696,881 (+59.0%) Share Price $453.60 Est. Cost/Share $431.03 Unrealized @ Report Date +5.2%

VRSN VERISIGN INC 5.4%

Value $226M (+33.9%) Shares 801,351 (+19.5%) Share Price $282.01 Est. Cost/Share $244.98 Unrealized @ Report Date +15.1%

AMZN AMAZON.COM INC AMZN US 1.3%

Value $56.37M (+75.3%) Shares 226,256 (+67.7%) Share Price $249.15 Est. Cost/Share $240.06 Unrealized @ Report Date +3.8%

ADBE ADOBE INC 2.8%

Value $116M (+19.8%) Shares 484,920 (+2.4%) Share Price $239.94 Est. Cost/Share $429.95 Unrealized @ Report Date -44.2%

CP CANADIAN PACIFIC KANSAS CITY 0.6%

Value $24.61M (+54.9%) Shares 289,245 (+57.7%) Share Price $85.10 Est. Cost/Share $87.51 Unrealized @ Report Date -2.8%

GOOGL ALPHABET INC-CL A 10.7%

Value $450M (-1.7%) Shares 1,308,930 (+2.1%) Share Price $344.08 Est. Cost/Share $137.00 Unrealized @ Report Date +151.1%

MA MASTERCARD INC - A 1.8%

Value $77.73M (+9.1%) Shares 140,947 (+1.6%) Share Price $551.47 Est. Cost/Share $366.91 Unrealized @ Report Date +50.3%

CB CHUBB LTD 6.9%

Value $291M (-1.5%) Shares 893,492 (+3.2%) Share Price $325.25 Est. Cost/Share $271.54 Unrealized @ Report Date +19.8%

INTU INTUIT INC 0.4%

Value $18.7M (+23.1%) Shares 67,809 (+16.5%) Share Price $275.71 Est. Cost/Share $370.01 Unrealized @ Report Date -25.5%

TTWO TAKE-TWO INTERACTIVE SOFTWRE 0.4%

Value $15.06M (-16.1%) Shares 72,567 (+1.1%) Share Price $207.50 Est. Cost/Share $170.15 Unrealized @ Report Date +21.9%

CNI CANADIAN NATL RAILWAY CO 7.7%

Value $325M (+0.7%) Shares 2,599,459 (+1.4%) Share Price $124.89 * Est. Cost/Share $99.10 Unrealized @ Report Date +20.0%

AZN ASTRAZENECA 0.2%

Value $8.715M (+18.0%) Shares 70,966 (+35.5%) Share Price $122.80 * Est. Cost/Share $182.59 Unrealized @ Report Date -12.3%

SPGI S&P GLOBAL INC 0.4%

Value $18.1M (-2.1%) Shares 45,892 (+1.1%) Share Price $394.47 Est. Cost/Share $353.99 Unrealized @ Report Date +11.4%

MCO MOODY'S CORP 0.3%

Value $14.44M (+1.3%) Shares 31,804 (+1.1%) Share Price $454.13 Est. Cost/Share $314.40 Unrealized @ Report Date +44.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	675,336 (+2.3%)	$346M (+40.7%)	8.2%	$512.90	$90.47	+466.9%	COM	594918104
MKL	MARKEL GROUP INC	124,421 (+102.3%)	$213M (+77.4%)	5.1%	$1712.45	$1862.51	-8.1%	COM	570535104
HUBB	HUBBELL INC	696,881 (+59.0%)	$316M (+37.9%)	7.5%	$453.60	$431.03	+5.2%	COM	443510607
VRSN	VERISIGN INC	801,351 (+19.5%)	$226M (+33.9%)	5.4%	$282.01	$244.98	+15.1%	COM	92343E102
AMZN	AMAZON.COM INC AMZN US	226,256 (+67.7%)	$56.37M (+75.3%)	1.3%	$249.15	$240.06	+3.8%	COM	023135106
ADBE	ADOBE INC	484,920 (+2.4%)	$116M (+19.8%)	2.8%	$239.94	$429.95	-44.2%	COM	00724F101
CP	CANADIAN PACIFIC KANSAS CITY	289,245 (+57.7%)	$24.61M (+54.9%)	0.6%	$85.10	$87.51	-2.8%	COM	13646K108
GOOGL	ALPHABET INC-CL A	1,308,930 (+2.1%)	$450M (-1.7%)	10.7%	$344.08	$137.00	+151.1%	CAP STK CL A	02079K305
MA	MASTERCARD INC - A	140,947 (+1.6%)	$77.73M (+9.1%)	1.8%	$551.47	$366.91	+50.3%	CL A	57636Q104
CB	CHUBB LTD	893,492 (+3.2%)	$291M (-1.5%)	6.9%	$325.25	$271.54	+19.8%	COM	H1467J104
INTU	INTUIT INC	67,809 (+16.5%)	$18.7M (+23.1%)	0.4%	$275.71	$370.01	-25.5%	COM	461202103
TTWO	TAKE-TWO INTERACTIVE SOFTWRE	72,567 (+1.1%)	$15.06M (-16.1%)	0.4%	$207.50	$170.15	+21.9%	COM	874054109
CNI	CANADIAN NATL RAILWAY CO	2,599,459 (+1.4%)	$325M (+0.7%)	7.7%	$124.89 *	$99.10	+20.0%	COM	136375102
AZN	ASTRAZENECA	70,966 (+35.5%)	$8.715M (+18.0%)	0.2%	$122.80 *	$182.59	-12.3%	COM	G0593M107
SPGI	S&P GLOBAL INC	45,892 (+1.1%)	$18.1M (-2.1%)	0.4%	$394.47	$353.99	+11.4%	COM	78409V104
MCO	MOODY'S CORP	31,804 (+1.1%)	$14.44M (+1.3%)	0.3%	$454.13	$314.40	+44.4%	COM	615369105

Decreased Positions (12)

ALC ALCON INC 2.2%

Value $92.65M (-55.4%) Shares 1,716,379 (-54.9%) Share Price $53.98 * Est. Cost/Share $80.58 Unrealized @ Report Date -19.6%

A AGILENT TECHNOLOGIES INC 9.7%

Value $407M (+14.3%) Shares 2,359,129 (-11.9%) Share Price $172.31 Est. Cost/Share $114.91 Unrealized @ Report Date +50.0%

KVUE KENVUE INC 0.0%

Value $149K (-99.0%) Shares 8,418 (-98.9%) Share Price $17.66 Est. Cost/Share $19.50 Unrealized @ Report Date -9.4%

BKNG BOOKING HOLDINGS INC 0.8%

Value $34.86M (-15.4%) Shares 214,013 (-7.5%) Share Price $162.91 Est. Cost/Share $247.99 Unrealized @ Report Date -34.3%

TXN TEXAS INSTRUMENTS INC 1.0%

Value $40.27M (-12.2%) Shares 143,772 (-6.5%) Share Price $280.09 Est. Cost/Share $160.77 Unrealized @ Report Date +74.2%

META META PLATFORMS INC 1.3%

Value $53.45M (+11.6%) Shares 73,707 (-13.3%) Share Price $725.18 Est. Cost/Share $302.67 Unrealized @ Report Date +139.6%

CME CME GROUP INC 1.6%

Value $66.15M (+7.5%) Shares 252,494 (-9.4%) Share Price $261.98 Est. Cost/Share $182.95 Unrealized @ Report Date +43.2%

SYY SYSCO CORP 0.7%

Value $27.46M (-12.7%) Shares 352,261 (-6.4%) Share Price $77.96 Est. Cost/Share $72.16 Unrealized @ Report Date +8.0%

NKE NIKE INC -CL B 0.4%

Value $15.33M (-19.2%) Shares 432,935 (-6.3%) Share Price $35.40 Est. Cost/Share $71.06 Unrealized @ Report Date -50.2%

PEP PEPSICO INC 0.5%

Value $21.59M (-12.5%) Shares 170,342 (-6.5%) Share Price $126.72 Est. Cost/Share $129.65 Unrealized @ Report Date -2.3%

PAYX PAYCHEX INC 0.6%

Value $23.14M (-6.3%) Shares 234,891 (-6.4%) Share Price $98.50 Est. Cost/Share $69.02 Unrealized @ Report Date +42.7%

PM PHILIP MORRIS INT 0.5%

Value $22.67M (+1.4%) Shares 118,802 (-3.8%) Share Price $190.82 Est. Cost/Share $71.32 Unrealized @ Report Date +167.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ALC	ALCON INC	1,716,379 (-54.9%)	$92.65M (-55.4%)	2.2%	$53.98 *	$80.58	-19.6%	ORD SHS	H01301128
A	AGILENT TECHNOLOGIES INC	2,359,129 (-11.9%)	$407M (+14.3%)	9.7%	$172.31	$114.91	+50.0%	COM	00846U101
KVUE	KENVUE INC	8,418 (-98.9%)	$149K (-99.0%)	0.0%	$17.66	$19.50	-9.4%	COM	49177J102
BKNG	BOOKING HOLDINGS INC	214,013 (-7.5%)	$34.86M (-15.4%)	0.8%	$162.91	$247.99	-34.3%	COM	09857L108
TXN	TEXAS INSTRUMENTS INC	143,772 (-6.5%)	$40.27M (-12.2%)	1.0%	$280.09	$160.77	+74.2%	COM	882508104
META	META PLATFORMS INC	73,707 (-13.3%)	$53.45M (+11.6%)	1.3%	$725.18	$302.67	+139.6%	CL A	30303M102
CME	CME GROUP INC	252,494 (-9.4%)	$66.15M (+7.5%)	1.6%	$261.98	$182.95	+43.2%	COM	12572Q105
SYY	SYSCO CORP	352,261 (-6.4%)	$27.46M (-12.7%)	0.7%	$77.96	$72.16	+8.0%	COM	871829107
NKE	NIKE INC -CL B	432,935 (-6.3%)	$15.33M (-19.2%)	0.4%	$35.40	$71.06	-50.2%	CL B	654106103
PEP	PEPSICO INC	170,342 (-6.5%)	$21.59M (-12.5%)	0.5%	$126.72	$129.65	-2.3%	COM	713448108
PAYX	PAYCHEX INC	234,891 (-6.4%)	$23.14M (-6.3%)	0.6%	$98.50	$69.02	+42.7%	COM	704326107
PM	PHILIP MORRIS INT	118,802 (-3.8%)	$22.67M (+1.4%)	0.5%	$190.82	$71.32	+167.5%	COM	718172109

Unchanged Positions (1)

V VISA INC-CLASS A SHARES 14.0%

Value $587M Shares 1,632,979 Share Price $359.33 Est. Cost/Share $266.28 Unrealized @ Report Date +34.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA INC-CLASS A SHARES	1,632,979	$587M	14.0%	$359.33	$266.28	+34.9%	COM CL A	92826C839