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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
+4.49%
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
$10.4B
AUM Growth
-$144M
Cap. Flow
-$538M
Cap. Flow %
-5.17%
Top 10 Hldgs %
80.8%
Holding
20
New
–
Increased
8
Reduced
9
Closed
3

Top Buys

Rank Stock Value
1
JNJ icon
Johnson & Johnson
JNJ
+$257M
2
MO icon
Altria Group
MO
+$146M
3
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$132M
4
NWSA icon
News Corp Class A
NWSA
+$128M
5
EBAY icon
eBay
EBAY
+$95.5M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$366M
2
ORCL icon
Oracle
ORCL
+$339M
3
MRK icon
Merck
MRK
+$308M
4
MSFT icon
Microsoft
MSFT
+$122M
5
ACN icon
Accenture
ACN
+$112M

Sector Composition

Rank Sector Weight
1 Technology 27.66%
2 Consumer Staples 20.74%
3 Communication Services 15.43%
4 Healthcare 13.54%
5 Consumer Discretionary 12.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TFCFA
1
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$1.34B 12.89%
28,962,748
+2,880,981
+11% +$132M
JNJ icon
2
Johnson & Johnson
JNJ
$640B
$1.21B 11.61%
8,746,063
+1,931,673
+28% +$257M
MSFT icon
3
Microsoft
MSFT
$2.9T
$928M 8.91%
8,114,546
-1,128,186
-12% -$122M
MO icon
4
Altria Group
MO
$125B
$901M 8.65%
14,933,862
+2,460,564
+20% +$146M
AAPL icon
5
Apple
AAPL
$4.97T
$789M 7.57%
13,973,560
-97,660
-0.7% -$5.09M
EBAY icon
6
eBay
EBAY
$51.2B
$715M 6.87%
21,666,149
+2,755,032
+15% +$95.5M
ACN icon
7
Accenture
ACN
$106B
$680M 6.53%
3,993,183
-675,303
-14% -$112M
TAP icon
8
Molson Coors Class B
TAP
$8.02B
$634M 6.09%
10,304,085
-128,738
-1% -$8.52M
PM icon
9
Philip Morris
PM
$309B
$625M 6%
7,663,788
+1,051,283
+16% +$86.3M
CMG icon
10
Chipotle Mexican Grill
CMG
$43.9B
$592M 5.68%
65,110,250
-833,650
-1% -$7.93M
EFX icon
11
Equifax
EFX
$22B
$534M 5.13%
4,089,707
+1,744
+0% +$227K
SPGI icon
12
S&P Global
SPGI
$124B
$516M 4.96%
2,643,257
-431,468
-14% -$89.1M
ORCL icon
13
Oracle
ORCL
$339B
$483M 4.64%
9,374,731
-6,987,768
-43% -$339M
NWSA icon
14
News Corp Class A
NWSA
$15.6B
$211M 2.03%
16,019,446
+9,101,914
+132% +$128M
ZTS icon
15
Zoetis
ZTS
$32.7B
$101M 0.97%
1,108,182
-6,494
-0.6% -$576K
ABT icon
16
Abbott
ABT
$187B
$99.9M 0.96%
1,362,387
-7,982
-0.6% -$524K
NWS icon
17
News Corp Class B
NWS
$17.7B
$53.1M 0.51%
3,905,939
+1,810,072
+86% +$26M
MRK icon
18
Merck
MRK
$322B
– –
-5,310,888
Closed -$308M
T icon
19
AT&T
T
$164B
– –
-15,089,106
Closed -$366M
XRAY icon
20
Dentsply Sirona
XRAY
$2.84B
– –
-1,130,052
Closed -$49.5M

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Independent Franchise Partners's Q3 2018 Portfolio in Review

As of Q3 2018, Independent Franchise Partners held 20 positions worth $10.4B, down 1.4% from $10.6B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Independent Franchise Partners withdrew a net $538M in Q3 2018, closing 3 positions and reducing 9 holdings. Its most notable exit was AT&T, an estimated $366M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Consumer Staples and Communication Services.

Against the trend, Independent Franchise Partners added an estimated $257M to Johnson & Johnson.

  • Independent Franchise Partners added most to Johnson & Johnson in Q3 2018, an estimated $257M increase.
  • Independent Franchise Partners's biggest Q3 2018 reduction was Oracle, cutting an estimated $339M.
  • Independent Franchise Partners fully exited AT&T in Q3 2018, selling an estimated $366M.
  • Independent Franchise Partners's ten largest holdings make up 81% of its $10.4B portfolio in Q3 2018.
  • Independent Franchise Partners opened 0 new positions and closed 3 in Q3 2018.
  • Independent Franchise Partners's portfolio value fell 1.4% quarter-over-quarter to $10.4B.

Based on Independent Franchise Partners's 13F filing for Q3 2018, filed 13 Nov 2018.