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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
-4.6%
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
$11.5B
AUM Growth
-$414M
Cap. Flow
+$106M
Cap. Flow %
0.92%
Top 10 Hldgs %
60.31%
Holding
26
New
2
Increased
5
Reduced
16
Closed
2

Top Buys

Rank Stock Value
1
EL icon
Estee Lauder
EL
+$430M
2
TKO icon
TKO Group
TKO
+$153M
3
ICE icon
Intercontinental Exchange
ICE
+$149M
4
BMY icon
Bristol-Myers Squibb
BMY
+$135M
5
CTVA icon
Corteva
CTVA
+$84.9M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$426M
2
BKNG icon
Booking.com
BKNG
+$190M
3
WWE
World Wrestling Entertainment
WWE
+$182M
4
RBA icon
RB Global
RBA
+$11M
5
PM icon
Philip Morris
PM
+$7.71M

Sector Composition

Rank Sector Weight
1 Communication Services 26.58%
2 Financials 19.51%
3 Technology 11.25%
4 Healthcare 10.68%
5 Consumer Discretionary 9.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WWE
26
DELISTED
World Wrestling Entertainment
WWE
– –
-1,674,849
Closed -$182M
1
2

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Independent Franchise Partners's Q3 2023 Portfolio in Review

As of Q3 2023, Independent Franchise Partners held 26 positions worth $11.5B, down 3.5% from $11.9B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Independent Franchise Partners's Q3 2023 filing shows 2 new, 5 increased, 16 reduced and 2 closed positions. Its largest new stake was Estee Lauder: 2,579,259 shares worth $373M. The largest sale was Microsoft, an estimated $426M.

By sector, the portfolio is most concentrated in Communication Services at 27% of assets, down from 27% a quarter earlier, followed by Financials and Technology.

  • Independent Franchise Partners's largest Q3 2023 buy was Estee Lauder: 2,579,259 shares worth $373M.
  • Independent Franchise Partners added most to Intercontinental Exchange in Q3 2023, an estimated $149M increase.
  • Independent Franchise Partners's biggest Q3 2023 reduction was Booking.com, cutting an estimated $190M.
  • Independent Franchise Partners fully exited Microsoft in Q3 2023, selling an estimated $426M.
  • Independent Franchise Partners's ten largest holdings make up 60% of its $11.5B portfolio in Q3 2023.
  • Independent Franchise Partners opened 2 new positions and closed 2 in Q3 2023.
  • Independent Franchise Partners's portfolio value fell 3.5% quarter-over-quarter to $11.5B.

Based on Independent Franchise Partners's 13F filing for Q3 2023, filed 13 Nov 2023.