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IFP

Independent Franchise Partners Portfolio holdings

AUM $14.3B
1-Year Est. Return 3.49%
This Fund
S&P 500
This Quarter Est. Return
-8.89%
1 Year Est. Return
+3.49%
3 Year Est. Return
+55.26%
5 Year Est. Return
+61.47%
10 Year Est. Return
+309.34%
AUM
$14.3B
AUM Growth
-$1.43B
Cap. Flow
+$59.6M
Cap. Flow %
0.42%
Top 10 Hldgs %
61.35%
Holding
27
New
–
Increased
15
Reduced
11
Closed
1

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$725M
2
IT icon
Gartner
IT
+$238M
3
TRU icon
TransUnion
TRU
+$229M
4
AON icon
Aon
AON
+$157M
5
Z icon
Zillow
Z
+$119M

Top Sells

Rank Stock Value
1
CTVA icon
Corteva
CTVA
+$701M
2
PM icon
Philip Morris
PM
+$219M
3
JNJ icon
Johnson & Johnson
JNJ
+$160M
4
EL icon
Estee Lauder
EL
+$124M
5
RBA icon
RB Global
RBA
+$118M

Sector Composition

Rank Sector Weight
1 Communication Services 28.05%
2 Healthcare 21.3%
3 Financials 17.84%
4 Consumer Staples 12.23%
5 Technology 10.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMY icon
1
Bristol-Myers Squibb
BMY
$127B
$1.29B 9.03%
21,275,474
+447,326
+2% +$26.1M
SOLV icon
2
Solventum
SOLV
$13.5B
$1.03B 7.19%
15,733,495
+377,804
+2% +$28.1M
LYV icon
3
Live Nation Entertainment
LYV
$41.2B
$894M 6.26%
5,864,757
+131,039
+2% +$19.8M
KVUE icon
4
Kenvue
KVUE
$37B
$848M 5.94%
49,208,848
+1,062,372
+2% +$18.9M
TRU icon
5
TransUnion
TRU
$14.8B
$839M 5.87%
12,131,944
+2,995,041
+33% +$229M
AON icon
6
Aon
AON
$77.3B
$835M 5.85%
2,588,002
+472,479
+22% +$157M
ICE icon
7
Intercontinental Exchange
ICE
$82.4B
$779M 5.45%
4,955,192
+123,339
+3% +$20.1M
NWSA icon
8
News Corp Class A
NWSA
$14.5B
$771M 5.4%
30,924,574
+990,526
+3% +$24.6M
CRM icon
9
Salesforce
CRM
$134B
$753M 5.27%
4,035,050
+3,497,051
+650% +$725M
IT icon
10
Gartner
IT
$9.41B
$728M 5.1%
4,600,771
+1,292,205
+39% +$238M
JNJ icon
11
Johnson & Johnson
JNJ
$635B
$726M 5.08%
2,971,436
-684,893
-19% -$160M
ABNB icon
12
Airbnb
ABNB
$83.7B
$666M 4.66%
5,275,661
+129,389
+3% +$16.8M
EBAY icon
13
eBay
EBAY
$48.6B
$616M 4.31%
6,772,232
-975,945
-13% -$87.7M
Z icon
14
Zillow
Z
$7.04B
$546M 3.82%
13,197,429
+2,244,024
+20% +$119M
FOXA icon
15
Fox Class A
FOXA
$23.2B
$477M 3.34%
8,174,694
-1,602,825
-16% -$102M
EL icon
16
Estee Lauder
EL
$29B
$476M 3.33%
6,628,540
-1,208,709
-15% -$124M
PM icon
17
Philip Morris
PM
$301B
$423M 2.96%
2,560,566
-1,263,162
-33% -$219M
WMG icon
18
Warner Music
WMG
$13.8B
$333M 2.33%
13,034,254
-61,951
-0.5% -$1.76M
FOX icon
19
Fox Class B
FOX
$20.7B
$282M 1.97%
5,307,881
+133,221
+3% +$7.69M
NWS icon
20
News Corp Class B
NWS
$16.4B
$260M 1.82%
9,111,760
-49,695
-0.5% -$1.4M
WBD icon
21
Warner Bros
WBD
$64.6B
$239M 1.67%
8,697,730
-3,999,444
-31% -$112M
ZG icon
22
Zillow
ZG
$7.02B
$113M 0.79%
2,738,482
+713,926
+35% +$37.7M
CTVA icon
23
Corteva
CTVA
$59.7B
$99.5M 0.7%
1,188,896
-9,306,492
-89% -$701M
RYAN icon
24
Ryan Specialty Holdings
RYAN
$5.41B
$95.2M 0.67%
2,820,854
+705,541
+33% +$30.1M
TKO icon
25
TKO Group
TKO
$13.5B
$92.3M 0.65%
457,600
-28,232
-6% -$5.77M
1
2

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SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
BIP
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Polen Capital Management
Polen Capital Management Boca Raton, Florida $14.5B AUM 5.7% 1-Year Est. Return
X
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CM
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Independent Franchise Partners's Q1 2026 Portfolio in Review

As of Q1 2026, Independent Franchise Partners held 27 positions worth $14.3B, down 9.1% from $15.7B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Trading was light in Q1 2026: portfolio turnover was 3.7%. Independent Franchise Partners opened no new positions and exited 1, leaving the 27-position portfolio largely intact.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 30% a quarter earlier, followed by Healthcare and Financials.

  • Independent Franchise Partners added most to Salesforce in Q1 2026, an estimated $725M increase.
  • Independent Franchise Partners's biggest Q1 2026 reduction was Corteva, cutting an estimated $701M.
  • Independent Franchise Partners fully exited RB Global in Q1 2026, selling an estimated $118M.
  • Independent Franchise Partners's ten largest holdings make up 61% of its $14.3B portfolio in Q1 2026.
  • Independent Franchise Partners opened 0 new positions and closed 1 in Q1 2026.
  • Independent Franchise Partners's portfolio value fell 9.1% quarter-over-quarter to $14.3B.

Based on Independent Franchise Partners's 13F filing for Q1 2026, filed 14 May 2026.