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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
+0.25%
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
$11.3B
AUM Growth
-$526M
(-4.5%)
Cap. Flow
-$555M
Cap. Flow
% of AUM
-4.92%
Top 10 Holdings %
Top 10 Hldgs %
69.21%
Holding
26
New
1
Increased
8
Reduced
14
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equifax
EFX
|
+$467M |
| 2 |
Chipotle Mexican Grill
CMG
|
+$396M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$154M |
| 4 |
Molson Coors Class B
TAP
|
+$145M |
| 5 |
Altria Group
MO
|
+$99.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zoetis
ZTS
|
+$413M |
| 2 |
Abbott
ABT
|
+$390M |
| 3 |
Microsoft
MSFT
|
+$179M |
| 4 |
Accenture
ACN
|
+$146M |
| 5 |
eBay
EBAY
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.88% |
| 2 | Consumer Staples | 18.47% |
| 3 | Communication Services | 17.11% |
| 4 | Consumer Discretionary | 14.2% |
| 5 | Healthcare | 13.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCFA
1
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $969M | 8.6% |
26,412,039
-2,877,685
| -10% | -$106M |
|
|
2
Microsoft
MSFT
$2.9T
| $867M | 7.7% |
9,502,370
-1,959,902
| -17% | -$179M |
|
3
Johnson & Johnson
JNJ
$640B
| $822M | 7.29% |
6,411,167
+28,075
| +0.4% | +$3.79M |
|
|
TWX
4
DELISTED
Time Warner Inc
TWX
| $805M | 7.15% |
8,512,335
+1,634,260
| +24% | +$154M |
|
|
5
Molson Coors Class B
TAP
$8.02B
| $792M | 7.04% |
10,520,004
+1,812,457
| +21% | +$145M |
|
|
6
Accenture
ACN
$106B
| $790M | 7.01% |
5,145,557
-919,334
| -15% | -$146M |
|
|
7
eBay
EBAY
$51.2B
| $765M | 6.79% |
19,007,249
-3,374,084
| -15% | -$140M |
|
8
Oracle
ORCL
$339B
| $764M | 6.79% |
16,708,835
-937,218
| -5% | -$46.6M |
|
9
S&P Global
SPGI
$124B
| $614M | 5.46% |
3,215,840
-611,549
| -16% | -$113M |
|
10
Apple
AAPL
$4.97T
| $606M | 5.38% |
14,451,996
-368,532
| -2% | -$15.9M |
|
|
11
Chipotle Mexican Grill
CMG
$43.9B
| $526M | 4.67% |
81,444,050
+62,866,150
| +338% | +$396M |
|
12
Philip Morris
PM
$309B
| $503M | 4.46% |
5,055,818
+135,458
| +3% | +$14.1M |
|
13
Merck
MRK
$322B
| $475M | 4.21% |
9,133,153
-1,167,947
| -11% | -$63.1M |
|
|
14
Equifax
EFX
$22B
| $458M | 4.07% |
+3,891,591
| New | +$467M |
|
15
Mondelez International
MDLZ
$82.9B
| $366M | 3.25% |
8,763,293
-233,069
| -3% | -$10.1M |
|
16
Harley-Davidson
HOG
$2.61B
| $308M | 2.73% |
7,176,724
-1,047,442
| -13% | -$50.1M |
|
|
17
Altria Group
MO
$125B
| $287M | 2.55% |
4,604,285
+1,500,181
| +48% | +$99.4M |
|
18
Kimberly-Clark
KMB
$37.6B
| $132M | 1.17% |
1,200,337
-20,473
| -2% | -$2.33M |
|
19
News Corp Class A
NWSA
$15.6B
| $120M | 1.06% |
7,567,007
+1,029,953
| +16% | +$16.9M |
|
|
20
Zoetis
ZTS
$32.7B
| $105M | 0.93% |
1,256,645
-5,238,936
| -81% | -$413M |
|
|
21
Abbott
ABT
$187B
| $92.6M | 0.82% |
1,544,907
-6,471,640
| -81% | -$390M |
|
22
Dentsply Sirona
XRAY
$2.84B
| $63.2M | 0.56% |
1,257,107
-186,101
| -13% | -$11M |
|
23
News Corp Class B
NWS
$17.7B
| $33M | 0.29% |
2,052,766
+521,444
| +34% | +$8.74M |
|
24
RB Global
RBA
$21.5B
| – | – |
-613,084
| Closed | -$18.3M |
|
25
TransUnion
TRU
$16B
| – | – |
-1,926,723
| Closed | -$106M |
|
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Independent Franchise Partners's Q1 2018 Portfolio in Review
As of Q1 2018, Independent Franchise Partners held 26 positions worth $11.3B, down 4.5% from $11.8B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Independent Franchise Partners withdrew a net $555M in Q1 2018, closing 3 positions and reducing 14 holdings. Its most notable exit was TransUnion, an estimated $106M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Consumer Staples and Communication Services.
Against the trend, Independent Franchise Partners opened a new position in Equifax worth $458M.
- Independent Franchise Partners's largest Q1 2018 buy was Equifax: 3,891,591 shares worth $458M.
- Independent Franchise Partners added most to Chipotle Mexican Grill in Q1 2018, an estimated $396M increase.
- Independent Franchise Partners's biggest Q1 2018 reduction was Zoetis, cutting an estimated $413M.
- Independent Franchise Partners fully exited TransUnion in Q1 2018, selling an estimated $106M.
- Independent Franchise Partners's ten largest holdings make up 69% of its $11.3B portfolio in Q1 2018.
- Independent Franchise Partners opened 1 new position and closed 3 in Q1 2018.
- Independent Franchise Partners's portfolio value fell 4.5% quarter-over-quarter to $11.3B.
Based on Independent Franchise Partners's 13F filing for Q1 2018, filed 15 May 2018.