2026 Q1 Portfolio Activity
In 2026 Q1, Independent Franchise Partners LLP maintained a portfolio of 27 distinct positions. They heavily accumulated shares in SALESFORCE INC, increasing the position by 650.0%. The fund also reduced its exposure to CORTEVA INC by 88.7%.
Position History
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Total Positions
27
Quarter
2026 Q1
Top Holding
BMY (9.0%)
Top 10 Concentration
61.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-27 of 27
Independent Franchise Partners LLP Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
BMY
BRISTOL-MYERS S...
|
Healthcare | 9.03% | 7.14% |
#1
1
Prev: #2
|
6.1 |
—
|
447,326 | 2.1% |
P
S
|
21,275,474 | $1,290,357,498 |
$46.64
+36.3%
|
2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | ||
|
SOLV
SOLVENTUM CORP
|
Healthcare | 7.19% | 7.74% |
#2
1
Prev: #1
|
4.9 |
—
|
377,804 | 2.5% |
P
S
|
15,733,495 | $1,027,397,223 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
LYV
LIVE NATION ENT...
|
Communication Services | 6.26% | 5.20% |
#3
3
Prev: #6
|
4.0 |
—
|
131,039 | 2.3% |
P
S
|
5,864,757 | $894,434,090 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
KVUE
KENVUE INC
|
Consumer Defensive | 5.94% | 5.28% |
#4
Prev: #4
|
3.4 |
—
|
1,062,372 | 2.2% |
P
S
|
49,208,848 | $848,360,539 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TRU
TRANSUNION
|
Financial Services | 5.87% | 4.98% |
#5
2
Prev: #7
|
5.3 |
—
|
2,995,041 | 32.8% |
P
S
|
12,131,944 | $839,409,205 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
AON
AON PLC
|
Financial Services | 5.85% | 4.75% |
#6
6
Prev: #12
|
4.8 |
—
|
472,479 | 22.3% |
P
S
|
2,588,002 | $835,355,285 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
ICE
INTERCONTINENTA...
|
Financial Services | 5.45% | 4.98% |
#7
1
Prev: #8
|
2.7 |
—
|
123,339 | 2.6% |
P
S
|
4,955,192 | $779,352,597 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
NWSA
NEWS CORP NEW
|
Communication Services | 5.40% | 4.97% |
#8
1
Prev: #9
|
2.7 |
—
|
990,526 | 3.3% |
P
S
|
30,924,574 | $770,949,629 | 2017 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CRM
SALESFORCE INC
|
Technology | 5.27% | 0.91% |
#9
13
Prev: #22
|
5.1 |
—
|
3,497,051 | 650.0% |
P
S
|
4,035,050 | $753,222,783 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
IT
GARTNER INC
|
Technology | 5.10% | 5.31% |
#10
7
Prev: #3
|
4.5 |
—
|
1,292,205 | 39.1% |
P
S
|
4,600,771 | $728,486,080 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
JNJ
JOHNSON & JOHNS...
|
Healthcare | 5.08% | 4.81% |
#11
1
Prev: #10
|
2.5 |
—
|
-684,893 | -18.7% |
P
S
|
2,971,436 | $726,337,815 | 2009 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
ABNB
AIRBNB INC
|
Consumer Cyclical | 4.66% | 4.44% |
#12
3
Prev: #15
|
2.4 |
—
|
129,389 | 2.5% |
P
S
|
5,275,661 | $666,210,471 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
EBAY
EBAY INC.
|
Consumer Cyclical | 4.31% | 4.29% |
#13
3
Prev: #16
|
2.2 |
—
|
-975,945 | -12.6% |
P
S
|
6,772,232 | $616,408,556 | 2009 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
Z
ZILLOW GROUP IN...
|
Communication Services | 3.82% | 4.75% |
#14
3
Prev: #11
|
4.0 |
—
|
2,244,024 | 20.5% |
P
S
|
13,197,429 | $546,109,612 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FOXA
FOX CORP
|
Communication Services | 3.34% | 4.54% |
#15
2
Prev: #13
|
1.8 |
—
|
-1,602,825 | -16.4% |
P
S
|
8,174,694 | $477,402,129 | 2016 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
EL
LAUDER ESTEE CO...
|
Consumer Defensive | 3.33% | 5.22% |
#16
11
Prev: #5
|
1.8 |
—
|
-1,208,709 | -15.4% |
P
S
|
6,628,540 | $475,730,315 | 2009 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
PM
PHILIP MORRIS I...
|
Consumer Defensive | 2.96% | 3.90% |
#17
Prev: #17
|
1.2 |
—
|
-1,263,162 | -33.0% |
P
S
|
2,560,566 | $423,363,982 | 2009 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WMG
WARNER MUSIC GR...
|
Communication Services | 2.33% | 2.55% |
#18
Prev: #18
|
1.4 |
—
|
-61,951 | -0.5% |
P
S
|
13,034,254 | $332,894,847 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FOX
FOX CORP
|
Communication Services | 1.97% | 2.14% |
#19
1
Prev: #20
|
1.3 |
—
|
133,221 | 2.6% |
P
S
|
5,307,881 | $281,848,481 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
NWS
NEWS CORP NEW
|
Communication Services | 1.82% | 1.73% |
#20
1
Prev: #21
|
1.2 |
—
|
-49,695 | -0.5% |
P
S
|
9,111,760 | $259,776,277 | 2017 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WBD
WARNER BROS DIS...
|
Communication Services | 1.67% | 2.33% |
#21
2
Prev: #19
|
0.7 |
—
|
-3,999,444 | -31.5% |
P
S
|
8,697,730 | $238,839,665 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
ZG
ZILLOW GROUP IN...
|
Communication Services | 0.79% | 0.88% |
#22
1
Prev: #23
|
2.8 |
—
|
713,926 | 35.3% |
P
S
|
2,738,482 | $113,345,769 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CTVA
CORTEVA INC
|
Basic Materials | 0.70% | 4.47% |
#23
9
Prev: #14
|
0.3 |
—
|
-9,306,492 | -88.7% |
P
S
|
1,188,896 | $99,522,484 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
RYAN
RYAN SPECIALTY ...
|
Financial Services | 0.67% | 0.69% |
#24
1
Prev: #25
|
2.8 |
—
|
705,541 | 33.4% |
P
S
|
2,820,854 | $95,175,613 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TKO
TKO GROUP HOLDI...
|
Communication Services | 0.65% | 0.65% |
#25
1
Prev: #26
|
0.8 |
—
|
-28,232 | -5.8% |
P
S
|
457,600 | $92,275,040 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
OTIS
OTIS WORLDWIDE ...
|
Industrials | 0.54% | 0.59% |
#26
1
Prev: #27
|
0.7 |
—
|
-61,865 | -5.8% |
P
S
|
1,002,284 | $77,256,050 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
RBA
RB GLOBAL INC
|
Industrials | 0.00% | 0.75% |
Sold All 😨
(Was: #24) |
0.0 |
—
|
-1,151,798 | -100.0% |
CLOSED
|
— | $— | 2017 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 |
Showing 1-27 of 27 holdings