Independent Franchise Partners’s Warner Music WMG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$362M	Sell	13,280,185 -98,679	-0.7%	-$2.69M	2.41%	20
2025 Q1	$419M	Buy	13,378,864 +7,483,839	+127%	+$235M	2.99%	18
2024 Q4	$183M	Buy	5,895,025 +839,754	+17%	+$26M	1.37%	20
2024 Q3	$158M	Sell	5,055,271 -170,063	-3%	-$5.32M	1.4%	20
2024 Q2	$160M	Buy	+5,225,334	New	+$160M	1.47%	20